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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 3, 1919)
TIE OREGON DAILY JOURNAL, PO RTLAND, FRIDAY, JANUARY. 3, 1919 J.5 PRICE OF FLOUR DEPENDS UPON ACTION OF GOVERNMENT MARKET FOR BUTTER IS NOW IN A POSITION WHERE IT MAY RISE Puoet Sound Making Determined Ef ) fort to Force Values Up Here Situation Is Critical Use Club to Force, Upward Action. Market for batter te showing liberal strength here. The recent advance of 2e. a pound on Puget Sound imth to bar upset aoms of the interest. Apparently there- are inny In the trad ber who believe that whatever Puget Bound doe la proper and what Portland doe la not good. . The fact of the matter is there is little mom" for alarm here among the trad because of the Pnget Hound advance, even though it is still possible thst a higher price here may be forced as result of" the northern action. Truth ia that tor several months Portland, creameries were quoting le above Pnget Sound for butter. . therefore the advance of 2c in the north places that market only lc above Portland. As it takes about c a pound to ship supplied to "the north from this territory and as there is shrinkage in transit, seemingly there is little ' in - sight . for those country cit-aroerie who are ' so anxious to ship their cubes te the northern Heatue has, during the last day or so. been a bidder for butter at -Salem and other Wil lamette' valley points and lias bid around 03c a pound for extras in cubes. This action is believed to be simply an attempt of northern interests to force Oregon prices as high, if not higher, than theirs, so the north can do the . business. -. Kor about 10 days local creamery interests have been asking , as high as 03c a pound for cube extras. This price is out of line some what with the print price and would indicate - a shortage of surplus butter by the various maker. . - A fact that may have a tendency to force , higher prices is that ttie condensates have ad .; vanced their buying price of milk 10c per hun dred pounds. COUNTRY MEATS RULING HIGHER . With sales of killed calves along the s treet from 21 Ho to 22c and' a small bnxiness a fraction above tiiis and with bogs selling gen erally at 22 22 He for tops, the local mar ket te reaching a n-w high mark. ADVANCE IN BUTTER MAY i PROVE VERY SERIOUS By Hinan H. Cohen Further advance fn the price of butter at Pacific Northwest points may prove a more serious menace to the industry man any of the trade here of pro ducera have figured upon. Fact of the matter is that the pricef) or butter is already so high that the consumption of so-called substitutes, such as oleomargarine and nutmargar- ine, is growing faster than ever before. Many people cannot afford to buy butter at the present price ; at least they cannot purchase their usual supplies. These people are naturally, purchasing oleo and it may be, will never return to the use of real butter agaim . This is the critical period in the pro duction of milk and cream as well as butter and an advance in the price will mean but little to the producer at this time, although it may cause the ruin of the entire Industry by aiding the sale of substitutes. Corn and Oats Are Off at the Opening Chicago, Jan. tr (t, N. S.) Corn opened lower today with trading extremely light at the opening. There was some scat tered commission house selling. With the domestic demand better and re ceipts light, oats opened about Si c lower. The market was featureless. Commission houses sold lightly. Provisions opened a trifle lower and inactive. Chicago range, furnished by United Press. CORN Open. High. Low. Close.1 January 141 144 104 143 14 February ...... 135 H 139 135 H 138 j March 134 13H 134 V 137 Va May 135 H 137 134 137 July 134. 136 134 130 Hk 3 OATS . .. 68 Vg 70. . . . 6"B 14 71 . . . 60 71 . .. 094 71H PORK January February March . ; May 67 6!) H C9H 70 70 X 71 71H jEGG TRADE ISCLINKD TO SAG While prices are allowing no further change here for the day, the market for eggs if in clined to sag. Receipt are slowly increasing despite the cooler weather and the surplus is f rowing. ' CHICKEX SUPPLY VERT SCARCE Supply of chickens is extremely short in the local wholesale trade and values are firm ' at the recent high record. Receipts of chickens her during the last 10 days were smaller than for any similar period for many years. TURKEY MARKET QUOTED LOWER While attempts are still being made to se cure' former prices for dressed turkeys, actual sales along the street during the last 24 hours were no higher than 41c a pound, generally for top quality birds. MEXICAN TOMATOES ARE C03IING Wrst carlpad of Mexican tomatoes of the season is expected to leave the southern re public for Portland during the day. The local market has been ' bare of supplies for some time and arrivals will sell high if in good condition. BRIEF SOTE8 OF PRODUCE TRADE Carload of California celery is due next week. Revision of sugar prices . in regular quota tions. (ires shortage of southern vegetables here. Cabbage market firmer with good stock scarce. , Holders of garlic are asking extreme prices. WEATHER JiDTICE FOR SHIPPERS Weather bureau advises: Protect shipments during the next SO hours against the follow ing minimum temperatures: Going north, 28 degrees; northeast over 8. P. & 8. It. R.. 10 degrees: east to Baker, xero, and south to Ash land, 20 degrees. Minimum temperature at Portland tomorrow about 28 degrees. January May ... January May .. January May . . 4330 4300 LARD 2392 2410. RIBS 2605 2603 2385 2405 4340 2383 2T.97 2380 4750 4350 2360 2402 2605 2400 LTBBY CA55EET AT YAKIMA CLOSES A GOOD SEASON Yafcima, Wash., Jan. 3. The cannery plant of Libby, McNeill & Libby has closed with a total of 3.100.000 cans of f ruits and vege tables for the season's run. This is the second year the industry has been operating here and the second season exceeds the first by a pro duction of 400.000 cans. Aside from the Usual ran of fruits the cannery has bandied this year 15,000 cans of spinach. 10.000 cans of beets, 15.000 cans of pumpkins and 10,000 cans of strawberries. This is the first season the plant hss handled vegetables, but arrangements are being made to increase the output largely along this line. Manager R. C. Turvin is authority for saying that the company will handle 700 tons of spin ach next season, or 200.000 cans, enough ton nage to fill 20 cars. Th3 plant employed a crew of 500 at the height of the season and carried a payroll aver-.,. aging $6000 weekly. Next season the force will be increased and it is anticipated the output will be practically doubled. CHEAPER FLOUR MAY RESULT IF SUPPLIES GO TO GOVERNMENT Millers Say That Public Will Re ceive Benefit or Higher Feed if Surplus Can? Be Sold at Reasonable Price Action Expected. NORTHWEST GRAIN RECEIPTS -Cars- Fri... Portland, Year ago Season to date. . Tear ago Tacoma. Thurs . Tear ago Season to date. . Tear ago Seattle. Thur. . Year ago Reason to date. . Tear ago. Wheat. Barley. Hour. Oats. Ha 8 6 .5731 .3561 . 30 i3962 .3186 8 .4084 .3272 4 a 792 1487 167 499 18 56 48 186 3 877 979 1 8 4 fi 655 2097 774 1167 4 123 872 172 1093 3 460 192a 735 21L6 That the general public wi& secure cheaper flour aa a result of the higher prices received for millfeed providing the government will take flour at a reasonable price, waj the statement made during the day by a leading milling in terest. A reduction fn local flour values te really due as a result of the higher price of feed, but millers will be unable to figure what this reduction will be until they find what the government will take and what price it will pay far the surplus. Therefore, all depends upon government action. While some of the millers are rather ex cited because the government took no flour here in December and thus far has purchased noth ing for January shipment, the cool headed ones are willing to wait a few days to see what ac tion will be taken before they get excited. Max II. Houser. of the food administration Grain Corporation is expected home within a few days and government acUon may then be taken. FLOUR Selling prices: Patent, ( ): fam ily wheat flour. SI 1.00 1 1.20 ; barley flour. 10.70; Willamette valley, til. 00; local straight. 810.85 C 1 105 ; bakers' ocal. 810.85 11.20; Montana spring wheat, patent, $10 S3 11.20; rye flour. $12.70; oat flour. $10.70; corn flour. $11.50 14.00 per barrel: graham flour. $9.80; whole wheat flour. $10.00. Price for city deliveries in five barrel lots. HAT Buying price: Willamette timothy, fancy. ) : Eastern Oregon-Washington fancy timothy, $31.0032.00; alfalfa. $27.00 C27.DO; valley vetch, S2S.OO; chest. ); Clover. SUB 00(3 27.00; grain. $26 00 per ton. GRAIN SACKS Nominal. No. 1. Calcutta. 0c ia car lots; less amounts higher. HOGS REACH $17.50 AT NORTH PORTLAND WITH LIBERAL STOCK Rather Heavy Run Is Shown After Absence of Offerings Advance of Quarter Scored Cattle and Sheerfl Show Maintained Values. Chicago . . . Omaha Kansas City Denver Portland . . . HOW LIVESTOCK SOLD Hogs. Steers. -Tops- Lambs. . $1 7.90 . ir.eo . 17.70 . 17.16 . 17.B0 $1975 18.80 18.00 16.00 ' 13.60 $ie.es 1B.7S 16.60 1S.7B . 13.0O Hoes. Cattle. Calves. Sheep. 1285 219 20 400. 312 129 2 .... 511 125 11 1447 757 10Q 4 20 1338 353 5 98 536 129 3 20 1231 172 ' 2 830 2171 118 ... 1510 99 . .' 1343 u in ear jou. lean imuuiiti uiKJier. . ... c , t v iui iuulwii auu continues l.o MILfeSTUFFS Mixed run, at mills, sacked reflect great strength ' at North Portland with Tr Yorb-St. Louis Motals New York. Jan. 3. I. N. S.) I.ead. quiet; East St- Louis spot, offered, $6.00; January, offered. $5.75. Spelter, quiet; Kast St. Louia spot, offered, $7.80; January, offered. $7.60: February, of fered. $7.55; March, offered. 87.50 St. Louis. Jan. 3. (I. N. S.) Lead, dull; quoted. $5.75. Spelter, dull. $7.80 for spot and $7.65 for January shipment. mixed cam. $41.50; ton lots. $43.00. less amount, $44 00 per ton. ROLLED OATS Per barrel, $11.20. ROLLED BARLEY Per ton. $52.00 53. CORN Whole. $67.00 S 68.00; cracked. $69.00 & 70.00 per ton. ' Merchants Exchamre bids : FEED OATS Jan. Feb. March. No. 2 white 5200 6200 6200 BARLEY Feed 480O 4 8.10 4 850 "A'" 41)00 5100 6100 Eastern oats and corn in bulk: OATS . ' No. 3 white 4650 4800 4850 38 lbs. clipped white. . . . 4950 5050 5050 CORN No. 3 yellow 6100 6100 6050 No. 3 mixed ... 6000 5900 5900 Sales 300 tuns January feed barley at $4 8.50. The following letter was receive J by the Merchants Exchange association regarding the report of advance in freight rates of 2c per hundred on grain product : "There has been nothing before this com mittee and we have no information of such an advance, but telegraphed to the western freight traffic committee at Chicago, of which A. C. Johnson ia chairman, and am just in receipt of his reply, readme as follows: "Only general ad vance in grain re.tes have heard about is con templated advance in reshipping rates east of Chicago and St. Louis, which will include rates based thereon, such as grain products and grain from Minneapolis." F. W. Robinson, chairman." JOBBING PRICES IX PORTLAND These are the prices retailers pay wholesalers, except as otherwise noted' Dairy Products BUTTER Selling price, creamery rjrtntJ. parchment wrapped, extras, 68c; prime firsts, 62c; firsts. 60c; in 80 lb. boxes, o less; 60 lb. boie.i, lo less; cubes, le less; dairy 40c par lb.; jobbing prioes. cubes, extras, 61 61 Ho lb.; prime firsts, 68 59c; storage butter, 61 62c per lb. BUTTERFAT Portland delivery baste. No. X our cream, 67 W 68c. OLEOMARGARINE I .oca brands. 80 and 60 lb. tubs, 35c; 1 lb. cartons. 36c; 2 lb. cartons, 35.Hc; nutmarcarine, 1 lb. cartons, 33c per lb. CHEESE Selling price Tillamook fresh Oregon fancy full cream triplets, 39 W 40c lb.; Toung America, 40 041c: prices to Jobbers, f.-o. b. Tillamook, triplets, 36c; Young America. 37c; price, to jobbers, f. o. b. Myrtle Point, triplets, 354c; Youngs America and long horns, -86 9c; selling price, brick, 43c; limberger, 88 ' (34c; block Swiss. 46 47c per lb. EGOS Selling price, 68o per doc: buying price, 65c; selling price selected. 70c EGGS Public market retail selling price. 75o per dozen. LIVE POULTRY Heavy hens, 32o lb.; light rtens. 30o per Mb.; broiler. 30c per lb.; old roosters, 20a lb.: stags, 25c per lb.; squabs, $3.00: ducks, 30a per lb.; pigeons, $1.50 $2.00 per dox.; turkv3, live. 32c per lb.: rested, 40 4 lo per lb.; geese, live. 35c per lb; dressed, 40a per lb. Frash Vegetables and Fruit . FRESH FRUITS Oranges. $3.75 5.50 per box: bananas. 9 U He per lb.; lemons. $5.00 06.00; Florida grapefruit, $5.75 7.00: Cali fornia. $3.75. APPLES Various varieties, 75c$2.75 per box. OTtA PES Almeria. in kegs. 31 lbs.. $9.00. PEARS Per box, $2.006 2.25. DHIKD FRUITS Imtes. Dromedary. 22 f 40c; Farda, $4.50 per box; raisins, three crown, loose Muycatel, 10c lb.; in 60 lb. boxes; figs, $3.50 per box of 70 oa. packages. ONIONS Selling price to retailer, Oregon, $2.00 est: association selling price, carloads. $1,50 f. o. b. country: garlic. 35c per lb.; green onions, 35 ( 4-Oc dozen btmcb.es. CRANBERRIES Northwest, '$8.50 busBel box. POTATOES Selling price. $1.50 1.75 per cwt. : buying price for fancy large sire, '$1.35; ordinary. $1.00 1.15 per eental; sweets, 4 i e per lb. VEGETABLES Turnipi, $1.75 'per sack; earrots, $1.60 wick: beet. 1.75a.O0 a sack; cabbage. 242Ho: lettuce. $3 00 3.50 per prate; celery, '$1.25 per dozen; artichokes, $1.60 1.75 per doi rr; cucumbers, $1.00 per dozen; tomatoes, California, $2.502.73 per Tfew Tork Sugar Market New Tork, Jan. 3. Sugar, centrifugal. $7.28. TRANSPORT ATlOla Passenger and Cargo Services New York., Boston, Portland and St. John to LONDON . GLASGOW Sat. Jan. 11 . . . Frt. Jan. 24 Wad. Jan. 28 Thur. Feb. 9 Thur. Fab. 6 Frt. Fab. 7 Feb. S LIVERPOOL BRISTOL COMMONWEALTH t VALACIA CARONIA .ORIANA .A. . . ORIAN F-ANNONIA -i... ORITA For an information aa to Rate. Tours, etc. pply to any of our Iocs Agents, or to Dorsey B. Smith, The Journal Bide.. Portland. Or. company Office, hose buildinq. seattle. wash. AU RrW ZEALAND AND SOUTH ? I fa Tahiti and Raratonea. Stair and aa. anaar sarrtce from Sn Francisco Mary 28 day (IRION S. a. OO. OP NEW ZEALAND. ao California SC. can Frame leoa . Or local aUaiMhn and ' railroad asanafaa, box: egg plant, 20c per Tb. ; cauliflower. Cali fornia. $3.25 per crate; horseradish, 15c per lb. Meats and Provisions COUNTBX MEATS Selling price: Country killed best hogs, 2 2 tic per lb.: ordinary hogs, 2122o lb.; best veal, 22ic; ordinary. 22c per lb. ; rough heavy, 16c; lamb, 20 21c; mutton, 14 16c per lb.: beef, 9 11 Vie. SMOKED MEATS Ham, 37 38 He; break fast bacon. 85 52 c; picnics, 27c; cottage roll, 36c; short clears, 29 34c; Oregon exports, smoked, 31e per lb. LARD Kettle rendend. $1.50; standard, 28 Ho per lb.; lard compound, 28 Ho. Fish and Shsll Fish FRESH FISH Rihrerside salmon, storage. 18c; chinoqk. 20c: halibut, storage, 20c; black cod, llail2c; silver smelt, 9 10c; tomcod. 10c; sturcgon, 18Si;0r: fresh herring, 8 8 7c; Columbia smelt, 2!ifo3J2 per lb. SHELL FISH Crab. $2 00 3.00 per dox. ; shrimp meat, 52e per la.; lobsters, 30c per lb. OYSTKUS Olympia, gallon. $5.50; canned, eastern. 75cfv?an. $9.00 dozen cans; bulk, $4.50 per gallon. Groceries RU(fAU Cube. $10.25; powdered. $10.00; fruit and berry, $9.45; P yellow, $8.85; granu lated. $9.45; beet, $9.35; extra C. $9.05; golden C. $8.05. HONEY New, $6.50 7.60 per case. RICE Japan style. No. 1, 94 10c: New Orleans bead. 11 H 1194c; blue rose. 10 & 11c per lb. SALT Coarse, half ground. 100s. $16.00 per ton; 60s. $17.25: table dairy, 60s. $22. 60 bales. $3.10 3.36, fancy table and dairy, $30.25: lump rock. $20.00 per ton. BEANS California (sales by jobbers) : Small white. 13c: large white, 12c; pink, 9c lb.; Limas. 14 He; bayou. 94c; red. 10c. Oregon beans (buying price) : White, machine cleaned, 7 ( 7 c per lb. f. o. b. CANNED MILK Carnation, $7.50; Borden, $7.75; Aster. $7.25; iKagle, $9.95; Libby. $8.25; Yeloban, $7.25; Holly. $7.25 per case. COFFEE Roasted 25 41c; in sacks or drums. i SODA CRACKERS Bulk. 17c per lb. NUTS Budded walnuts, SO H 31c per fb ; almonds, 24 29c: filberts, 28c. in sack lots; peanuts. 17c; pecans. 25c; Brazil, 33c Hops, Wool and Hid HOPS Nominal. 1917 crop, 2526c per lb HIDES No. 1 salted. 30 lbs. and up, 14c pVr lb.; No. ' salted. 30 lbs. and up, 13c; No. 1 green. 30 Iba and up. lie: No. 2 green, 30 lbs. and up, 10c; No. 1 salted bulls. 60 lbs. and up, 11c; No. 2 salted bulls, 50 lb, and up, 10c; No. 1 green bull. 50 lbs. and up, 9o; Now 2 green bulls. 50. lbs; and up, 8c: No. J. green or sited calf skins, uff to 15 lb.. 29c: No, 2 green or salted calf skins, up to 15 lbs., 27 He; No. 1 grten or salted kip skins, 15 to 80 lbs.. 16e; No. 2 green or salted kip skins. 15 to SO lb., 13 He; dry flint hides. 7 lbs. and up, 28c; dry flint calf, under 7 lbs., 38c: dry rait hides. 7 lbs. and up, 22c; dry salt calf, under 7 lbs.. 82c: dry cull hide or calf, half price; dry stag or bulls, 18c; dry salt or bulls, 18c; dry salt stags or bulls. 12c; dry cull stags or bulls, half price; dry horse hides, according to six and take off, each. $1.50 2.504 sailed horse, according to six and take off, each. $3.00 8.60; dry long wool pelts., per lb., 25c; dry short wool pelts, per lb., 15 20c; salted long wool lamb pets, eacn $2.002.75; salted long wool sheep pelts, each. $1.50 2.50; dry sheep shearlings, each, 15 35c; salted sheep shearlings, each. 30 60c t Prices quoted above ara per pound, except where otherwise designated.) MOHAIR Long staple. 50o lb.; short Staple. 40c; burry. 15 20c lb. TALLOW AND GREASE No. 1 tallow go No 2, 7c: No. 1. greae, 7c; No. 2 grease. 6a CHITTIM OK CASCARA BARE Gross weights. 12 H c Ropes, Paints, Oil ROPE Sisal, dark, 24c; white, 28 He lb. : standard Manila. 32 He. ' LINSEED OIL Raw, bbls.. $1.93 ran on: kettle boiled, bbls.; $1.95; raw, eases. $1.95: boiled, cases. $2.05 per gallon. . COAL OIL Water white, in drums or Iron puis., a uc kb i rou i cases, xve gallon. , GASOLIXE Iron bbls.. 21 He; cases, 31 Ho: engine distillate, iron bbls.. 13c; cases. 23a. WHITE LEAD1' Ton lots. 13 He; 600 lbs.. TURPENTINE Tanks. 80c; ease. 86e; 10 case lots, le leas. WIRE NAILS Basle price. $5.46. AMERICAS LIVESTOCK PRICES Chicago Hog. S17.80 Chicago, Jan. 3. (I. N. S.) Hog Esti mated receipts 38,000; steady. Balk, $17.45 17.85: top. $17.90; butcher hog. hcaw. $17.75 17.90; packing hogs, heavy, $16.85 17.45; medium and mixed. S 17.40 1 7.65 ; light, $16.90 17.80; pigs, $ 15.20 1 6.25 ; roughs, $15.75 16.90. Cuttle Estimated receipts 9O00 : steady. Beef cattle, good choice. $ 16.25 1 9.75 ; me dium and common, $9.75 16.25; butcher stock, beifers, $8.50 14.50; cows, $8.40 13.75; canners and cutters. $7.50 8.40; stockera and feeders, good choice, $10.50 18.75; common and medium, $7.75 1 0.50 ; veal calves, good choice. $1 5.75 1 6.50. Sheep Estimated receipt 16.OO0; steady. Shorn lamb, choice and prime, $ 10.40 8 10.65; medium and good. $ 1 5.00 i 1 6.40 feeder Iambi, good choice, $1 3.50 14.65; ewes, choice prime, 1 0.60 1 0.75 ; medium and good, $11.50 13.85. Kansas City Hogs $17.70 Kansas City, Jan. 3.- (1. N. H.) Cattle Receipt. 3000; steady to firm. Steers. $10.00 &18.00; cows and beifers, $6.0012.O0; stockers and feeders, $7.00 14.00: calves $8 00 13.50. Hoft Receipts, 17,000; steady ao 10c lower.- Bulk, $17.00 17.45; top, $17.70; heavies, $17.30 17.70 ; light. $17.00 17.50; mediums, $17.80 1 7 60. Sheep Receipts, 1500; strong to 10c higher. Lambs, 816.00 16.50; wether. $10.00 10.50; ewes. $9.00 6 9-50. Omaha Hog $17.60 Omaha. Jan. 3. (I. N S 1 Rnr ,!,.. 13.700. steady. Top, $17.60; range. $16.75 ji.oo; mixea. 1 1. 1 o ( 1 7.3S : good choice, $17.40 1.7.60: rough, $1 7.00 1 7. 15 ; light, $16.75(a17.15; Bulk. $1 7.00 17.40. Cattle Receipt 4450; strong. Beeve, 0.00 18.50; cow and heifers, $6.50 13.50; stockers and feeders, $7.00 15.50; calves. W I V V' AO.UV. Sheep Receipts 3500. strong? Wethers, $.10.50 11.50; yearlings. $9 0.0 12.35; lambs, $13.50 16.75; ewes, $8.00 10.-00. Seattle Hog SI 7.60 : Seattle, Jan. 3. (I. N. S.) Hogs Re ceipts, 233; strong, upward tendency. Prim lighta. $17.50 17.60: medium to choice. $17.00 17.25; smooth heavies. $16.00 16.60: rough heavies, $15.00 15.50 : piss. $16.00 16.50. ' ' Cattle. Receipts, 87: strong. Best steer. $11.50 13.60; medium to choice, $10.50 11.00; common to medmnw $6.50 9.00; best cows, $5.50 10.50; common to medium cows, $5 00 7. 50; balls, $6.00 8.00: calves. $7.00 12.00. ' Sheep None. t . Denver Hog $17.18 Denver, Colo., Jan. 8. (U. P.) Cattle Receipts 850, steady. Steer. $12.50 16.00; cow and heifers, $8.50 1 1..00; stockers and feeders, $10.60 12.00; calves, $8.50. Hogs Receipts 1600, steady. Top, $17.15: bulk. $16.80 17.00. Sheep Receipts 1000, strong. Lambs, $14.50 15.75: ewe. $8.50 9.00. PORTLAND LIVESTOCK RUN - Friday . . Week ago Two weeks ago. . . . Four week ago. : . Year ago . : Two years ago Three years ago... Four years ago . . . . Five years ago. . . . While th-re was a very liberal showing of win in the North Portland yards overnight, following the absence of any supplies during- the previous .day, the market reflected strength with advances. Hogs advanced to $17.50 for 'tops, a rise of a quarter over the previous top here. Demand was keen from the start of tha day's trading. General hog market range: Prima mixed $17.00 17.50 Medium mixed $16.85 17.00 Rough heavies $15.00 (S 1 6.00 Pie $14.00 15.25 Bulk $17.0017.25 Cattle Market I 6trong Market Tor cattle showed a- firm tone at North Portland during the 'day. Arrivals were .of small volume while demand was good. Prices remained around the previous level generally. Oeneral cattle range ( Prime steers $1 2.50 1 3 50 Good to choice steer 11.50 12.50 Medium to good ..teers 1O.50 11.50 Fair to medium steers 9.50 10.60 Common to fair steers 8.00 9.00 Choice cows and heifers 9.50 10.50 Medium to good cows and beifer. a 8.60 9.50 Fair to medium cows and heifers. 7.00 8.00 Canners 4.00 5 00 Bulls 6.50 8 50 Calves 9.00 12.50 Stockers and feeders 7.00 9.00 Mutton Market Strong Market for mutton and lambs continues o LULL IN THE CALL FOR APPLES FROM ABROAD IS SHOWN IN EAST Demand Is Less Keen and Atlantic Seaboard Markets Are Not so Active Talk of Advance in Northwest Not Generally Credited. only a small run reported in for the day; the first arrivals for some time. Everything was cleaned up early in the mut Ur trade General sheep range: Esst of mountains lambs. ..... $12.00 O 1 3 00 Valley lambs 9. 00 & 11.00 Yearlings 10.00 11 50 Wether 9.00 10.00 Ewes 6.00 8.00 Friday Livestock Shipper Hcgs W. A. Kyers, 2 loads; A. W. Young burg, IjiFayettc. 1 load. Cattle B. Baker. Coxey. Ida., 1 load. Cattle and calves A. E. Capon. Jefferson, 1 load; E. I Johnson, Stanfiekl. 1 . load. Sheep J. L. LaGrande. Caldwell. Ida., 1 load Mixed stuff G. W. Eyre. Salem. 1 load cattle, hogs and sheep: H. I.. McFadden, Harris burg, 1 load cattle and hogs; J. S. Flint, Junc tion City, 1 load rattle and hogs; J. E. Prof fitt, Dayton, 1 load cattle and hogs; Frank Loop. Mcilinnville. 1 load cattle,' hogs and sheep; F. A. Haye. Cambridge, Ida.. 2 loads cattle and boss; W. J. Rummins, Pomeroy, 2 loads cattle and hogs. Thursday Afternoon Sale STEERS 1. . . .1100 $10.00 I COWS B70 $ 8.50 I 11 . 870 7.50 2. 900 9.25 I 1. HEIFERS 690 $ 6.00 I , 3. HOGS Loll- in the export demand for apple is indi cated, and this has caused an easier feeling in some Of the Atlantic seaboard market, although lit tie change is indicated in quotations. - Local trade is rather quiet, and weather con ditions in the east and central west have recently been against an active demand for fruit. Northwest primary centers are reported to bave boosted tbelr asking values to aa high as $2.40 2.50 for Winesaps. At least this te what the bureau of market reports, although some of the trade here which ha had uch stuck to sell at interior points, has been unable to se cure sucb values. Apple trade of the nation: Chicago Extra fancy and fancy Stayman Winesaps. $2.40 2.75; extra fancy and fancy tvuiesans. $2.63 3. 00; extra fancy and fancy Rome Beautti, $2.40 2.8JS; extra, fancy and lancy apuxenourgs, aa.73W3.so. Pittsburg Csr run,, extra fancy Rome Bean ties, $2.903.00; fancy. $2.78: extra fancy WBiesape. $2.90 3.00; fancy, $2.75 2. 85; choice, $2.502.t5; extra fancy Spitxenburgs, $3.25; fancy, $3.00; choice Stayman Winesaps, $2 50. Boston Prices on 2 cars from Washington. Quality and condition generally good. - Extra lancy winesaps, $2.73 3. 05, average S2.U3, New York Extra fancy Spitxenberg. $3.00 3. SO; extra fancy Winesaps. $2.75 2.95. Buffalo Extra fancy Delicious, large $3.75 4.00; extra fancy Spitzenbergs, large, $3.75; medium, $3.25 a 3.50; extra fancy Jonathans, $2.50; fsncy, $2.75 3.00; extra fancy Wine saps, $3.00 8.25. ' Minneapolis Extra fancy Jonathans, s medium and large, $3.25 3.50V; extra fancy Delicious, $3 50 4.00; extra fancy Winesaps. 88.25 3.60. New Orleans Extra fancy Delicious, $4.00 4.50; choice. S3. 00; extra fancy Jonathans. $.t.0O. 3.50; extra fancy Spitzenbergs, $3.75; choice. $2.75. Atlanta Extra fancy Winesaps, $3.25 3.50; extra fancy yellow Newtowna, '$3.25; fancy Rome Beauties and extra fancy, $3.00; fancy Uanos, $3.00. St- Paul Extra fancy Winesaps and Jona thans, $3.25(3 3.50; extra fancy Delicious, $3.75 4.00; choice Winesapsr-Stayman Wine saps and Spitzenbergs, $2.75. Birmingham Extra fancy Winesaps, $2.75 2.95: choice Ganos, large, $2.25. Houston, Te.Tas Extra fancy King Davids, all sizes, $3.25 3.35; extra fancy Jonathans, ail sizes. $3.25 3.50; fancy. $3.00 3.10; extra fancy Winesaps. $3.00 is 3.50: fancy, $3.00 extra fancy Delicious, $4.25 4.35; fancy, $4.00; choice, $3.50; Arkansas extra fancy Black Twigs. $3.50 3.75; fancy, $3 25 3.50. Dallas Extra fancy Winetaps, $3.50; fancy, $3.25;. choice, $2.75; extra fancy Jonathans, $3.50; fancy, $8.25;. choice. $3.00;. extra fancy Ganos. $3.00 3.25; extra fancy Deli cious. $4.00 4.25; choice, $3.75; extra fancy Black Twigi, $3 00. Des Moines Extra fancy Jonathan, Spitxen hcre, Winesaps and Rime Beautiex, $3.00 3.50. mostly $3.50: extra fancy Ortleys, $3.75; extra fancy Delicious. $4.-25 4.50. mostly $4 25: fancy, $3.354.00. Kansas City Boxes, Washington Jonathans, extra fancy, medium, mostly $3.25; extra faucy Rome Beauties, medium, mostly $3.00. PLIQCID ATION" CAUSES BREAK IN EARLY COTTON PRICES 1 . 1 . . 0.-.O $ 6.50 .1O00 8 00 . 980 7.75 . 485 8 7.00 1.... 1U I.7J 23..:.. 44 225 17.00 67 1.... 200 16.00 8 1 360 15 00 1 BL'CKS 1 120 $ 6.00 I Friday Morning Sal STEERS 285 $17.10 190 173 150 17 25 15.75 15.50 No. Ave. lb. Price. No. Ave. lb. "Vrice 7 1100 $12.60 I 1. .. 770 $ 8.00 COWS I 970 , 7.50 I 1 920 7.00 1.... 970 750 I 1.... W20 7.0 6 700 6.50 I 2.... 800 4.50 1 830 .4 00 I BULLS 2 1430 $ 7.00 I 1....1070 $ 6.50 I IlAIRT PRODUCE oS" THE COAST New York, Jan 3. (I. N. S.) Active liquidation through commission houses broke Botton sharrly this morning, first prices being 16 to 40 points lower, followed by further de clines as the selling pressure increased, partly -on rumors tbat more cotton was coming, here for January delivery. A number of January notices were issued this morning which also weakened that delivery. Spot bouses supported the market at the decline. At the end,, of the first 1 5 minutes the mar ket was unsettled and about 64 points net lower. The market closed to barely steady at a net decline of 25 to 75 point. Furnished by Overbeck & Cooke Co., Board of GOMRSAG JNST ARBITRATION LAW Labor Head Declares Compulsory Measure Repugnant to the Spirit of Freedom. Washington, Jan. 3. L N. S.) Or granlzed labor's unqualified opposition to' any legislation savoring of compul sory arbitration was voiced by Samuel Gompers, president of the American Federation of Labor, before the senate committee on education and labor to day, , when the comrriittee opened its hearings on the administration's labor reconstruction bill. "There are several proposals In this bill, said Gompers, "which are repug nant to the very spirit Of freedom. We must rid ourselves of speculative, theo ries and outline a practical peace of constructive legislation. "Within the last 10 years. New Zea land, home of compulsory arbitration, has admitted the failure of compulsory arbitration and recognized the right of the worker to strike. Gentlemen, hide . it behind any phraseology you will, when the law "and the government of the country ells the worker, 'You cannot leave this work, that moment you have put. the shackles upon him: "Inconvenience of strikes to the" people is of lesser' moment than freedom." Gompera pointed out that the one state in the country that had passed compul sory arbitration Colorado has been In a turmoil ever since and that this was only ended . when the workers took the law into their own hands and, Iteput it, "simply struck." Trade building: January March May July October Open. 2900 2775 2665 2590 2318 -High. 2020 2783 2680 2593 2329 Low. 2875 2 74 2 2639 2555 2300 Close. 2S75 2745 2641 2561 2325 LIBERTY BOND SALES (Librrty bonds official closing price in New York: Conv. 1st 4th 3 Vis. Ist4s. 2d4.-4s; 41. Saturdsy . 9940 9280 9290 9640 9448 Honda J ..9944 9300 9310 9640 9400 Tncsi'-v .9946 9300 9650 0490 9534 Wednesday - Holiday Thursday . 9882 9290 9300 9680 9540 Friday . . . 9966 0300 9300 .... 0548 San Francisco Market ' San Fram-Uco. Jan. 3. ( L'.P. ) Butter Extras. 63c. Egg. Extras. 76c: pullets, 73 Vic. Cheese Extra. 35 H'c Los Angeles Market Los Angeles. Jan. 3. Butter California, extras. 64 c. Eggs Fresh, extras, 63c; case count. 60c; pullets, 62c Seattle Market Seattle, Jan. 3. (I. N. 8.) Eggs Fresh ranch, 76c; storage. 51 54c Butter Washington creamery, 64 65c. Cheese Triplets, 89 40c;-cream, 44 45c. POTATOES ALL ALONG THE COAST San Francisco Market San FrancUco, Jan. 3.- (U. P.) Potatoes Per cental. Delta fancy. $1.90 2.00; choice, $1.50 1.75; Oregon, S2.00; Idaho, $2.00; Oregon fancy, $2.00 2.25; choice,' $1.50 1.75. , . Onions Per cental, Australian Browns, fancy, $1.001.2o; choice, 6090c. 8eattl Market' Seattle, Jan. 3. (I. N. S.) Onions Cali fornia. 22"4c; Walla Walla, 2c. Potatoes Yakima. $32.00 35.00.; local, $24.00 t 28.00. Loa Angeles Market Tos Angeles, Jan. 3. (I. f. S. ) Potatoes Stockton Bnrbanks, selects. $2.25: evtra fancy, $2.40 2.60; Idaho Rupsets. $2.80 2.50; seed stock, Oregon White Rose and Gar nets, $3; Red Rose, $2.75; American, Won dars, $3.50 3.75; sweets, best, 65 75c per lug. $2.25 3.25 per cwt. PACIFIC COAST BASK STATEMENT rortlarHt Bank Clearing- This week. " Monday .....$ 4,902,207.68 4.281,084.25 Tuesday . . Wednesday Thursday . Friday . . Clearing Balances Clearing Balance Clearings Balances Clearings . . . , Holidav- 5.6T3.958.53 6,000.011.93 Tacoma Bank Tear ago. $ 3,755.129.50, -Holiday 4,180,785.77 3,266.488.70 3,154,449.66 FARMERS Ship your produce to the Frank tt. Smith .Meat Co. "Fishting the beef trust." 228 Alder st, Portland, Or. We do not charge commission. We pay as follows : . . .- . , Best fat young veal 22'tc Block hogs ,............,,...., 21c N -Adv. ! 837.824 00 1217,611.00 Spokane Bank $1 ,897,794.00 397,072.00 eattle Bank $ 6,808.275.00 , 1.714.074.00 Ban Franeltc Bank .822,519,033.00 San Franel.ee Grain Market San Francisco, Jan. 8. C.I P.) Cash grain: - ! . Bert-y Per eenU, milling, 82.25 2 35 feed. 82.13 0 2.20. Oats Per cental, whit feed, nominal; red feed. $2.55 2.70; seed. $2.95 3. 05; black feed. $2.40 2.50; seed. $2.60 3.00. WE PAY FARMERS 22 c for best fat young veal. 21c for good block hogs. Wp never charjre commission. : FRANK I. SMITH MEAT CO. " "Fighting tb Beef Trust-?, 22& Alger , SU Portland. , Or. -Adv. Chicago lalry Frodaee Chicago, Jan. 3. (I. N. S.)-r-Bntter He eeipts, 5220 tubs; creamery extra, 68 H 67c: firsts. 65 14 06c; packing stock, 38 44c Eggs Receipts, 2300 cases: current receipts, 6161Hc; ordinary firsts, 60614c; fireti. 63Hc;. extra. 69H70c: checks, 3639c; rtie. 4043n. . Municipa o 21 d 1 B to yield $100 5 - 6 Income Tax Exempt $250 $500 Oil Shares Calm; Mixed Early Tone In N. Y. Market STOCKS CLO8C STRONQ New York, Jan. 3. (I. N. 8.) Th stock market' closed ttrong. American Beet Sugar, on the announcement of the usual S per csnt divi dend for the year, rose over four point to OS. Texas Paclflo also showed strength, closing at 351,, while Corn Product moved p up to 80 . Mexican Petroleum reacted to ISO, U. 8. 8teei wu f (nelly 86 , ; 88uthern Pacific, 103'; Utah. 74; American Smelting, 78; Marine preferred, 1124, and St. Paul, 40. New Tork'. Jan. 8.- H. N. 8.) Although there were mixed change in . the stock market at the opening today the tone was strong with the petroleum stocks again in demand at ad vancing onces. Mexican Fetrolenm swung over wide range, first dropping 2 to 186 44 and then advancing rapidly to 196. Texaa Oil ad vanced lb to 189 and an advance 01 over 2 points was made in Pan-American. speculative interest was- concentrated to a great extent In (Sinclair, which advanced to 33 j . Pierce Oil and Texas Oil right both made substantial gains. Brooklyn llaiud Transit fell to 20 14 . then rallied to 21. Steel common advanced from 95 'A to 95 A. Marine preferred advanced H to 112 44. Tne railroad stocks were acuve 1 with Houth- ern Pacific .up li to 103 and Texas Pa cific up 1 34 Jo S3 hi.. Trading continued active during tne forenoon The oil reacted moderately after the violent ad vances, witb Mexican Petroleum, after selling tip to a few high record of 196, dropping to 192 H Texas Pacific again developed strength, moving up 2 H to 84 H , Southern Pacific rose 1 In all to 1-03 74 , while Steel common reacted from 96 to 05 U - Tobacco stocks were arrive. Cigar Stores sell ing up to 109 hi The market dereloied pronounced strength in the afternoon. I'pturna of from one to two points were made in nearly all the leading isrue. U. 8. Steel moved up nearly 2 points above the low of 96. while Baldwin rallied from 75-to 77H. .Marine preferred moved up to 113, Ana conda to 61 V and American Smelting to 7814 Furnished, by Overbeck A Cooke Co., Board of Trade building Strike Followed by ' Exports Embargo , New i Tor. Jan. .(!. N. S.) A 10 day embargo on all export and other overseas shipments from New YorK Boston and Philadelphia went Into efi feet today as s result of theMaboH troubles and congestion In the three ports. ' The embargo was decided upon by officials of the railroad admlniaJ tratlon here, following the strike of marina workers In New Tork harbor! Th embargo does ' not prohibit the) shipment of grain at Boston.- 2 PRISON GUARDS ACCUSED BY JURY Marion County Investigators Told by Court Evidence Is Still Insufficient. DKSCltlPTlON: $1000 LA VINA. Calif., School District 6's $1000 December 2, 1019 100O " 1920 $1000 " " 1921 $100O .. j,.j2 $10O " " 1923 - . yiOOO " ' 1924 v $1000 " r 1925 $1000 " " 1926 LAPWAI VALLEY, Ida., Highway District 5's . Jaajuary 1. $ 5.000 8 5,)0 S 3.000 8 5,000 S 5,000 S 5.000 9,000 $11,000 1930 1931 1932 1933 1934 1935 1936 1937 Withdrawals of Wool Are Heavy In Boston Sale According to special menage received by local Interests, there were heavy withdrawal of wool at thtf Boston auction held by the government Thursday. It was figured that about 70 per cent ef th catalogued fleece was withdrawn from sale. , dsod combing fine Australian clean sold at part to B per cent loss, top making and taultle 18) per cent less. Cape combing 1 0 per cent less, while South American crossbred were Jieayy withdrawn and easier. No wools from the far West ware offered. CORCORAN, Calif., Imp. 7's $7400 $71.00 $0200 J740O $7400 $7400 . $7400 $7400 $7400 $6900 July 1920 1921 1922 1923 1924 1923 1926 1927 192 8 1929 Stocks, Boada, Cotton, Grain, Etc 4 218-317 Board Of Trade BsJldlsg Overhck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES If embers Chicago -Board of Trade Correspondents of Isogaa Bryan . Chicago . . tfsw York . CASPER, Wjro., Imp. 6's $10,000 October 30. 1019 $10,500 " ' 1920 $10,000 " - ." $10,500 " " 1.922 $10,000 " " 1923 $10,500 " " 1924 $10,000 " " 1925 $10,800 " " . 1926 1 $10,000 " " 1927 810,500 " 1928 MTNOT, N. Dale, Imp. 6's 83990 April 15. 1920 84500 " 1921 Ask for Descriptive Circular. Phone B'dwj. 951 LUMBERMENS Trust Company : CAF1TAL aaa ssbplbs f oe.sos LsaiksrsisasBlsf. ' PsrUaa.$)$v Am. Agr. Chem Am. Beet Sugar Am. Can, c Am. Car Kiiy . c Am. Linseed, c Am. Ioco.. c Ara. Sumatra Tobacco Am. Sugar, - Am. Tel. & Tel Am. Woolen, c Anaconda Mining Co. ...... Atchison, c Atlantic, Gulf & W. I Baldwin !xco.. c P.rtlilchrm Steel H4 . . Bethlehem Steel B ........ . Brooklyn H. Transit. Butte & Huperior . Canadian Pacific .......... Central Labor, c Chesapeake A Ohio ........ Chicago, Milw. & St. Paul .... Chicago & Northwestern, c. . . t'hino Copper - Colorado Fuel It Iron, c. . . Consolidated Ua Corn Product, c. .......... Crucible Steel, c. . , Cubuu Cane Sugar Distillers (L ........ Krie. common leneral Motors ; .! . JJreat Northern Ore Land. . . . Great Northern, preferred . . Greene Can Industrial Alcohol . ; Inspiration . Int. Mer. Marine do. preferred ? Int. Nickel Kennecott Copper Lackawanna Sterl Ihigh Valley A. Mexican Petroletim Muzui Copper Midvale Hteel Missouri Pacific New Haven tNew York Central ........ Norfolk at Vtrn, c '.Northern Pacific Pacific Mail . Pennsylvania Itaiiway ...... Peoples Gas Ray Cons. Copper Hallway .Steel Springs Heading, ..... Hepublie Iron aV Steel, c . . . . Hock Island Hears, Roebuck ac Co Studebaker. common Southern Pacific ........... Southern Railway, c. ...... Swift V Co. ... Texaa- OH . . Tobacco Product ......... Union Pacific, c. ........... United Cigar Stores United State Rubber, e United States Steel, c Utah Copper . ; . . Virginia Chemical, e Westinghouse Electric ...... Willys Overland .1 Woolworth . I Low. Clase. , 101 101 62 6S 4t 44 92 r 93 . 47 47 61 "i 63 97 98H . 112V. 113. , 100 , 100H , 51 6194 , 60 61 93 V4 94 . . 107 107 75 76 T . I si ' 61 53 H 21 23 . 2U'4 2tt4 159 1601a 60 U 4 6 1 67 14 57 i4 . 40 40H . 96 96)4 . 34 34 . 37 384 . 96 98 W . 48 '4 49 . 68 V4 69 K 30 30 . 51 '4 62 . 18 16 .133 V 131 .32' 32 .93 94 . 45 43 i .103V. 103 V, . 46V 46 ! .2,6 26 ! . 1 1 1 l 1 1 2 82 H 32 V4 82 33 '68 '68 64 '4 64 1 8H h 191 K 24 4 24 44 44 25 '4 27 32 31 74. 76 108 IOS 92 94 3S 38 3 45 45. 50 V4 60 21 21 75 V4 77 83 84 78 76 25 26 175 175 61 51 102 103 29 29 W 126. 126i .180 188) 74 76 129 129 108 110 78 79 . 95 96 73 74 64 64 41 42 26 25 126 126 Salem, Jan. 3. 4?The Clarion count grand Jury reported to Circuit. Judre Kelly today that it has obtained evi dence that .two jruarda at tho state peni itentiary entered into a conspiracy wltft a convict to obtain a parole or condlf tional. pardon for him on qondition hs pay them $150. In carrying out. this agreement one of they guards wrote, a letter to the grovernor.-'UTg'inBr a parol or conditional pardon for. th convict. These facts were presented to ths court in th form of a John Doe indictment. with a request for advice as to whether the facts stated were sufficient to consti tute a crime under the laws of Orerori. Jsdffe Adrles on Law Judge Kelly advised that they wer not sufficient to constitute a criraq, whereupon the grand Jury reported' It was not through with its work and tjie members returned to the grand Jury room, j , The extent of parole-selling which has been unearthed by the grand Jury was rot revealed, and under the court's in struction it may be impossible i0 reach thosef who have been bartering in pa roles and pardons. ' , The presentment from the grand Jury stated that the convict with whom the two guard 8 made, a deal waa sent up from Multnomah co.unty in 1910 lor a term 01 is years ror a noiaup wnien no and two other men committed on Janu ary 6 of that year. .The convict hart been given a conditional pardon twiet, but both times he broke its conditions find was returned to prison, according to the letter written by the guard to th'e governor. A plea was made for another parole or partjon ori the grounds that tne convicts agea mother was going blind, and, with- the saloons out of the way, the convict probably would not re turn to a life of crime, i Outrage to TJeency . Judge Kelly mentioned three statutes under one of .which an -indictment would have to be returned. The first makes It ib. crime for a public- officer to receive emoluments in excess of those provided by statute ; the second covers bribery, and the third makes it a crime for any one to grossly d&turb the public peace and health "or outrage public decency and be injurious to public morals. ' I The cases clearly did not com within the first two, declared the Judge. Aa to the third, he said he was of the -opinion that the facts stated In tha preaantment ilid not outrage public decencyt aa the public did not know anything about It. He said such acts did outrage decency, but not the public decency within the meaning of the statute. j "To use ah official position to obtain clemency for convicts for a considera tion, without regard to merit,-4ost cer tainly outrages public decency, and there can be no two opinions about tj" said Judge Kelly, "but this presentment does, not state those facts." .,, Colonel Carachristi j Dies in Gold Fields Caracas, Venezuela. Jan. 3. (I. N. & ", Charles V. Z. Carahrlatl, former dip lomatic adviser to the late President Iluerta of Mexico, died on Christmas In t lie Callao gold fiflds, according to word received here today., -1 Colonel CarachriHti was born In Rich mond. Va., 2 years ago. He won con siderable fame as an explorer and finan cial . author, j Finance, Timber Industry Fortlaad Gas A Coke Compasy State went for NoTember and If Month " IsT TJasisally favorable. 1017 8126,043 70.805 65.J-4'! 116,143 - Oa Earaisgs Gals Earnings of tha Portland Oas A Coke company show a very good condition for November, with an Increase of SO per cent in gross and 23 .per cent In net earnings. While op erating expenses for tb month, gained 38 per cent over a year ago, the balance for the month gained 61 per cent over a year ago. The statement for Novem ber follows : ,i - I - . 1018 Cross ............. 8164,245 Operating..... ' 06.173 Net 68.074 Balance .. 80.483 . For the year ended November 30 tha statement is equally as favorable, with th balance showing an Increase of fit per cent over th previous year. Th yearly statement: - J- V 1018 , ' 1017 Cross if 11.749.287 fl.SSS.OAII Operating 966.160 786.291 Net 7R8.128 616. 79U' Balance; ........... 481.607 - 218,184, Paclflo Power Statement Statement of the Paclflo Power ft Light company for both November and for the 13 months was less favorable. Inasmuch ss It showed a decrease In the balance for November of 6 per cent and for the 13 months 'a loss of 11 per cent. While there was an Increase In both gross and net earnings, operating expenses In creased so materially that the balance showed a loss. Statement; for Novem ber: , Cross ............ Operating ......... r . . . Balance . 101S 1163.128 84,420 78,888 85.440 101T $146,677 72,4T 74,830 87.894 For tho 12, months ended November 30: 1018 1017 Cross .31,842,184 1.826.09" Operating ..,.,,.. 084.756 776.1B7 rel ............. HON. 88 S4H.UU1 Balance , 870,077 '416.818 American Trade With. China Th trade record for th first nin. months hot th year In Hongkong has, on the whole - been much more satisfactory than might have been anticipated and that' with the United States has been 'particularly : so. Decreas ing tonnage, due to the demand for shipping service elsewhere and tho increasing difficulty of securing sup- piles, has. on th on hand, prevented any great: pressure In favor of import, while the disturbed stats of affairs in China, high original costs and scarcity of local tonnage have prevented much of a demand for foreign goods, at least ia th districts of Southeast Asia which this port Serves. On th other hand. the high -exchange value of silver and freight difficulties have made it al most Impossible, to move most lines of Chinese produce. Farm Baa k Loans During the month of November $8,079,605 -was loaned to 3278 farmers of the United States by Federal land banks on long, time first mortgages, according to th monthly statement of the farm loan board. Th Federal land bank tit Spokane leads In amount of loans closed, $1,246,800, with th Federal land bank of 8t, Paul run ning slightly bVilnd In amount. $1,232, 100. The other 10 banks closed loans In November as follows: Houston, 11.040.- 082: "Wichita. $711,100; New Orleans, $600,650; Louisville, .$565,400; Omaha. $629,000: St, 'Louis, $522,623: Berkeley, , $506,600 : Columbia, $422,230 ; Springfield, $395,420. . ! -v r The Dalles Body to JoinState Chamber The Dalles, Jan. 3. At the annual meeting of Tha Dalles Chamber of Com merce Thursday evening It was decided to take out a membership in the Oregon Stat Chamber of -Commerce. J. T. rtorlck of this city , is chairman of the state" organisation for this district. which Includes Hood River, Wasco, Sherman, Gilliam and Wheeler counties. A . district meeting will be held her January 9, whan organization wIlL be nerfected. W. F. Doak and L. A. Sr-hanno were elected to fill Vacancies on th board of directors of ItJi local chamber.- - ..) Charaed H'ith Forgery Chehalis. Wash.. Jan. 3. Walter C. Smith was arrested Thursday by Chief of Police Foster and placed in th coun ty Jail, on a warrant asking his arrest for forgery in : Grays Harbor county. Officers from i Aberdeen came after Smith yesterday 56 6 WARRENTON BONDS We are extremely fortunatfc JnT- beinfi able to offer you these direct Hen general obligation- 6 Bonds of the! city of Warrenton, Oregon,- at par. They are one of thei . 1 best issues of Municipal Bonds we have offered for many ) months, and we recommend them ' as a very safe and - profitable investment. Thej total net debt of the ity of Warrenton is but 6 of the, assessed valuation. The -bonds mature 1928-38. ' ;j OTHER ATTRACTIVE I MUNICIPAL BONDS: Rato. Maturity. Astoria. Or. Imp. 6Sr. 13.14.15.!. '., FA im-wl Astoria, Ore Imp. Ser, No. fr.L 6 Bandon, Oregon, Funding. ...'.I 6 Bend. City xi, Ore.. Fire Equip. Corvallis. Ore.. Imp... ......... k 8 'Oregon City, Oregon. Imp.... Rainier. City of, Oregon. Water- Halem, City of . Ore., imp ; I Toledo, City f, Ore., Funding.!. Montreal, City of, Prov. Quebec 6 JftD' Nor MsVS JAJ JaVD JAJ MAX F&A MAN 1837 1935 1923-32 12S 1921-25 1913 1926-2$ 1931-32 1923 Price. Tield. To Net $.00r3S To Net 8.40 105.43 5.40 To Net 6.25 105.09 S.12S 102.03 100.60 106.39 100.00 100.94 6.126 6.68 6.125 6.00 6.7 Extra dividend, 1 4 per cent, t Extra dividend. 1 per cent. aioaey and Exchange New Tork. Jan. 8. (L N. a) Call money I on the Iloor or tne New xorx utoeK Kxchange to day ruled at 6 pet cent; high, 8 per cent: -low, a per cent. Time moatey was quiet. Hates were 6 ft per cent. "he market lor prime mercantile paper was anu. all money la London today was 3 per cent Sterling exchange wa steady with pnaines la bankers' bills at 478.86 for demand? 473ft for 60 day bill, and 471 lor SO day Dili. . LIBERTY 'BONDS 'It yon mint SELL yosr Liberty Bonds, SELL to US. .. . If yon can BUT nor Liberty Beads, BUT front US We bay aaa sell Liberty Boads at U market. TOU CAH3TOT DO BETTER TOU MAT DO WOBSB The closing prices of LIBERTY BONDS on the Nw Tork Stock Exchang lur ww euucu iuuious, aauuai , 4jij,. ivvu eve leuowp ; Bexjond Third Fourth Waat Vo Orientals Yakima, Wash., Jan. 8. Member of the Terrace Heights grscg Ko. 888. Patrons . ot Uosbandry, are strongly opposed to the in tra duction ot orientals a orchard laborer, whteb haa been advocated by some of the leading fruit grower ot tne valley. At tftelr meeting De cember 30 they paaaed a resolution protestinc against tlii invasion. The protest ia baaed ea the assertion that the importation of orientals I would mean cheap labor and all the ilia that attend a lowered seal of living among Ameri can worxmen. 1 . . , First U. SHs 4s : Friday 99.60 92.80 Saturday ......... 99.40 92.84 Monday .. .........9.40 92.84 Tuesday 99.60 93.00 Wednesday.. ...... Holiday, Thursday 99.74 93.03 J- 4S ' 92.93 92.90 92.90 83.10 First 96.80 96.40 96.36 96.66 44 93.90 34.00 94.20' 94.80 441 96.40 86.83 95.60 96.80 92.90 I 96.S0 ' 94.98 96.33 4as 94.46 94.88 94.13 96.16 99.49 Liberty Loan Departmsst Opea Uatn S r. JC SatsMays SAFETY DEPOSIT VAULTS I' European j Russia Is believed to hav 13,000,000 horsepower la . undeveloped waterpowcr. MORRIS BROTHERS, Inc. I) Tha PrmUr Ma AtcipsI bond Hons . 3091 1 STARK. BETWEEN STH AND 6TH (GROUND FLOOR) TeUpben wy. SMI . , ! i Ef UbUtksd Orf Tears v- rT-:-