THE OUEG01I .GUIIDAY. JOUniJAL. PORTLAIID, SUNDAY HORNING. Vl.Z'-llZZll 21. i:i3.
A 11
DECREASED ACREAGE OF WHEAT IN PACIFIC NORTHWEST -STATES
liyinsn I L Cohe
CEREAL NNKIS .
TvlASS flF STRENGTH
Value of .Grain and Feedstuff Are
Generally Higher In' Northwest for
Week-Flour Very Firm. -
''.j.i; General Advances were forced In the
$ chants' Exchange for the week Feeds
v v mraPA, .ilraa-wles hthA h vii fhoM - wis
added strength in the alfalfa liar actua
tion. Plour market continued firm with
' no change in value. - ',''' 'V : -
: ' the Pad fie Northwest trade (or tha ntk Oexa
. and barley bid on tb exchange, were generally
.j, - v wHmne; we .wraiwr vdviiv niw was w
.'; . finance. - t . - . ' -
.- - - Alfalfa Bay reflected much etrtnxth with linv
' ; tted arrivals tor the week. An advance of 11.00
-';"' A too in tha baying- price was reported. ,
.;-...-- MTtnj anarp advances werw screen in un
pro Of muireed wttn. tDe greater demand. .
'" ,l Haw mik hraMl mh4)i . mrtill. . Mtm
-v. njiiwi nr hixh ra aanncs uw-Dnoc. isaa-
tTWJCR- IUihi vnm, new crop: Patent,
- 911.75; wholewheat flcmr, 310.45; Willamette
:.'; Vlliav. I H HA IumI altalaht L fllfl "fl ii i i ii-
rooaL $11.6011.76 Montana apring wheat.
. patent, 411.76; rye floor, 810.10; eaiaeaaL
.1 $18.00; crehem, 811.00. Psion (or city de-
xtrrTie in nvo oerrai let. t- :
ax xtuying pnee, n-w crop: Willamette
timothy, tancy, 127.00; Eastern Oregon-Wain-
,lfftM aewmt w4e-..n'K-a f a 1.U. At A .
. valley retch. 826.00; eheet. 318.0 w20'09;
atraw, sio.uv; clover, z.uu; grata, 824.00.
1 " ,-ltAlN SACKS Nominal: Mew ,, fa.
(A. livery, No. 1 Calcutta, 1 ta eat loU; bee
: - amounts higher.
' : ..Ylh&S'1???- nnjfkv'nei,
esww.vv w if.vv.
-. HULA& rr rn un, 1 1 .u fa
In Van (U
Ko. 9 white 20 fo 6
4 BARLEY '
, nranrtam raafl Tg&n . 71 on
' . Na ft blna ...i...; . 1400 7400 7100
:::'' -: - CORN
, Ho. t ydtow esso 6150 eooo
-7 H imwovji aa ,aaLel gaau wria m uuta .
lb elfoneA i. H00O lftO' AIM
. ' BS lb. alinnaA... . . ' 2UO r SSSO aafiD
; - . . CORN
Ko. Uow ........ 175 6875 5975
ITo. S ..;. 7800 7200 7250
8al On hundred tona Xanuary ahiBinent,
. . ro. a Kaeceni -irauow wm, r io tons
. rebraary shipment, ns. B uium yellow corn,
5 0.00: 100 tons Jsmury deUrery, No. S
. ra yeUow eoni, 101.50.. .
V Pi nft Wools A rft
Tint of MarlrfttR
www we-. a.ffc w
Boston, uea. lo. -wool traaing nas . neea
- Mtet rinse the elnae of the government actiont.
; knt ealaaa ere . strong, ta fact some wool is
actually Mgbeai Three eighths blooded sad
' oobUubo toAo tha guar at traders.. -
Too tig nan simg ' Bummer street irtnaiy
'V ear ' that devaioemanu ta .medium sorts hare
f V been" a distinct aaamointaMnt. Oeeaaienal lota
' of territory - three eighths . blood- change bands
: prioas, but U c1m ot quarter blood low wool
Atul aamaiaa nagkaw aMM affM tmJTlm gar a. tttii4.
fina -woo. M crai KMMir mot nm prwri-
j ittiaiv hrtt I. . illaamiaaal nnar tnrifv tn .tJia
jWVMaJ WlUJel. r s Hi IfeW4CUi W t sini.BVI oWK-
i lioldvn of th Mrngxinioc IdU r likIy to
- . - .M l.a.s as at J 1 ft "yfl Ia
n.t Montana wool anneara to be' fully on a
, . -ttarity with clean fleeces and ttossibly with aim
fhaMatlM in ti. Want la at a: atandxtUl
. . ... . . im.t. j J . . .1..
;ror ins wuii. iuu a mwu) w u
aialtad ideas of tha erowers.' Nothing has been
: ' dnne outside of Nevada, it is said, though offers
:ad been mane in -many eases. - -
; . . Reeeolts Jor the week: . Domestic, 4,878,900
- ' (nnlra. Q OSH 100 nonnda.
ienair aim n a TO t nwrn
. . w vioiT r'utr1 a art Tmnr
e ? : 'Chicago. Dec. 30. t N. 8.) Closing
f prices showed loeses in the com market of ley
SUa in nata. nt kfiHt.
;. Ho -nrodncta were fractionally lower and
iba- feeling ws weak. r . ,
. Chlcato, Dag. 20.- (t . 8.) Corn prices
t were M, He lower at the start today. Cash
. boasea were on tha seiling side of the market.
:-.Vnria waa aniet- '
' First trades. In ' oats were at prices Sio
r ' lower, than veaterdas's close. Scattered
v ' tnlssioB houses wero bidding at the atart with
- Prorisions prices wera' slightly lower at'the
y atart, with little demand and scattered selling.
Front .Street
Reviews
Notes of- ta Wholesale Produea
TntrfA fop lh La Wwk. -
- : i
r Weather conditions were the biff fac
tor In oil Una ot. nuurkata durtne. the
week. The atorm stilled bualneaa in
many line and in aoma there was no
axtlvlty whatever.
.' Beharior of the egg' trade created aneae exeite-
aitnt in the local market. "The initial drop in
prices here for too week wag amada to the faae
of very scant local arrirals. duo to the etorm
which made general shipments praetieally' impos
sible. It appears as if the extreme artificial raV
turn prerioutly ' quoted by the Pugs wound mar
ket wero so high that meet of the eggs went in
that direction white the prices bad the effect. o
curtailing the demand. -. ..."-.. ' .
Country shTDPeis of WiOametby TalJey points
lata wall sa Uuxe of Western Washington, which
bad been regular shippers ta. too Facet liaaad
ttade. suddenly switched their offerings .to Port
land aaoT flooded toe market here with supplies
for which tha demand was only nominaLv -- .,
Turkey 'Hoas ft4 HioJi - . 1
Prices rated Mgh tn the tsrrkey market aleng
Front street for the week; sales being made as
high as 484 a pound for selected drawed stock.
Arrivals of dreoed birds .were unnsnally small
(luring the week; being influenced principally by
the cold weather,..;-
'Few lire torkeya cam forward and that mar
ket was quoted nominally at 85o a pound. -
Chicken market bad such tew anirals daring
tha week that it was difficult to firmly establish
amet&Uoris. Prices in general ruled higher but
the trad found it lost of a problem to seoure
high prioa than in getting the stocka to fill
actual dally requirements. Quite a tow 'poops
earn forward with the fowls' frozen.
: "Not enough geese or ducks came forward to
establish prices In those Unas daring the week.
. :' : Woathor Affeats BM - .
Butter market was affected to the- extent of
rise of 2o A' pound by westfcrr aondttions dar
ing the week. - Storm oondftiens- made K im
possible for shippers to get their botterf at and
eraasa to market and aa already short supply of
fresh stock was mad still shorter Bnttorfat ad
Taneed only lo at the same. time. On the new
prlo basis Portland b'. quoting butter lo below
Paget Sound white It is paying exactly tha -same
pries as the North for it.
Cheese market sanation rated acUro wih
prices unchanged for tha week.
OouiHry Meats Ara Hlen
- Sttmrdatioa of tha demand for country fcBied
neats came aa a result of the colder weather
while there was very little atook offered until tha
last two daya of tha week. Erea) tola small u
erease in offerings affected prices but little, the
yearly adranca for both Teal and nogs being
keen. ,;. .- '
" Aoata aurftat at Staaoetttl
it Wii tha exception of soma small local busl
ness which d ere loped later in tha week, the mar
ket for apples waa practically at a standstill dur
ing the period. There warn no shipments re
ported from primary points because of weather
conditions and the tie-up of the railroads. . Local
business which developed in the last part of the
week was chiefly for iumble pack stock that sold
around 81.00 to 81.85 par box.
- Potatoes Jump Higher ;
Potato priosa lumped sharply higher with gen
oral sales of retailers during the week around
4e a pound. No bosiness deTeloped in the coun
try during the wek becauee of the fear of
talning freaen stock. Pros ted potatoes
destined to become a big factor in the trade for
the immediate futffre and team are exprtased
that the business win be demoralised Cy 'thane
viviuei wi awuuo mm i ..
Dalafl aiartat Adranead ,
Onions ad Ta need to 85.00 as the aeneral eell-
tng price to retailers along Front street for the
week. Thar was 'only limited business at this
price In tha eitj and no actiTitr wluttersr was
Indicated in the country son account of the Im
possibility of making carload shipments. :
Canned lafwe Firms
Firmer tona waa shown for tha better gnuies
of canned salmon arid especially Colombia rirer
Chinook- during, tha week. Baatrn interests were
keen bidders for remaining supplies of fintTclan
foods. No aotirlty of momsnt was show Ja tha
cheaper grade stock, which is quoted below tha
actual coat of production, v Gasmen are there
fore holders of tha latter grade.
BRISK DEMAND A
STOCK ADVANCER
New York Market Hakes Good Gains
at the Opening Saturday With All
Leadlni Specialties Rlgaer; ...
- Hew Vark, Pee. I0-(L H, Thw aUc
market dosed ilsaeV toaar. Staat common rw
aetad to a doting of 104ft.' Baldwin aahrantad
naariy a paint Trent toe leer to 110H- UnKaal
States Rubber, aar dropping to 14 ft, raillod
r paint at tha atoaa. Sawtharw Paeiflo yleided
to 104VW atnaral Motors raillod to S37 and
Msiloan FsUuHoin. afftor farllwa to C1, rallied
to a final of 1 V . - OrwclWo was finally 21 St
RopwMio ataai, 11 past-Amasitan PatreUum.
10S'j Pioraa-Arrow, 77, and Unltad Retail
tor, tl .. , ; v
New Tork, Dee. 20. I. K, 8.) -Thera
was a brisk demand for many Issues at
the opening of tha atock market today.
cauainA advanoes of from fractions to S
points. '
Steel common rose to 105; Bald
win, to 110 ; and Republic SteeL
Itt to 114; Crucible, after yielding
ly to 21SH. Jumped to S16.
Interest was atUched to .the trading in tha
oil shares. - Mexican PetroZsiua rose 8 points
to 228 H t Paa-Amerioan petroleum U to
108 4 ; Texas company. 1 to 382, and Boyal
Uutch. to 6i.
There was a good demand for the railroad
shares, St. Paul eomaon adranctns 1 point to
80; Southern Pacifio. to 105, and Chicago
c Northwettam 1 point to 87 .
Tha motor and oopper gbarsa war quiet.
American laiematiooai roae 1 H to 111 and
Cpnsolidsted tiaa 2 pointn to
Pnrniahed by Overbook d Coaka. Co.. Board
m i- w iti. , . . . .
WJ A laUV UUIAl'l
toSs
Open
4H
Butt
4 .
6
55
180
47
24
08 Vs
tiH
8
mV
i8
128 H
84 .
1104k
82
5
18
20
183 ,
as
55
88
87
18
851
8i .
82
84 U
218
13
72
2
; . Furnished r United Press.
. CORN"
14 a ia
TV. 14
Jan. ,180
ulya8.Hv
Say..;2H."
uly 7
Jan. .8875
Jklay ...... J8S0
Jan.
May
w
May
,.i.;.28oa
...... S!88
189 H . 18H
135 14 18314
188 882 .
OATS
,82 .81 H
82 91
PORK
8688 " '
8650
LARD
2808
' 2887
BIBS
Close. '
144
187 H to 87
. 183 to 3H
112 to V4
'' 81 '
? 82 H to 82
70 a :
87
8625
3800
2380
aa'V a
.1000 " 1002
1895
2885
8625
2300
2882 ,
.1855
' 1982
S Wuit jPnonrcE of the coast
aan Pranalsoo Market -
San Francisco. Deo. 80. (U. P.) Butter
'Extras.-. 69 Vie. ......
vr. Eggs lixtraa. 14 He; extra pnUtt. 8He;
': luidernaed pulkda, 84. .- .
' fhsoss rs)ifrr-'Ti flats, fancy, 38a: firsts,
'81 Mo. ....' - M ' '
.-' . " . Seattle Market ,
; BeatOe. Dec. 20. Ili. F.) Butter Fresh
. .eAbes, lit; bricks, Ul etorage, brickA 85 W
lttBggKresn, 70c pullets. 88 f) 88c; ator-
illfAeJssOwfon and Washington triplets. S3
i 84a per lb.
.:.: :'.. Los Angel Marks x r.
Ix Angelea. Dee. Sl II. S. 8.) Butter
California creamery extra. 67e.
Eggs Fresh extra. OSes ease oount, 61:
.Lave ruuiuT-xxena, vr u , piwn vv
7a; fryers, 35c
i - Chicnao Dairy Predne
Chicago. Dec 20. (L N. S. ) Butter Re
ceipts, 2180 tubs: creamery, extra, 63 He; firsts,
S8o; packing stock. 44 49.
c." Era Receipts. 1702 eases; current receipts.
S8y70e; ordinary firsts, 65 05o; tirau, 71e;
hecks, 40 41c; dirties. 40045c. "
' Cheese Twins, mw. 29 Vi 80c; daisies, 81
. 81 Vie; Toung Americas, 31 H S2c; Long-
' korns. 3 le; brick, 20 Ve.
Lire poultry Turkeys, 40c; chickens, 21e;
pring. 35e; roosters, 17ei gees. 27o: ducks.
X7o.
GIKKHtO REPORTS FORCE A -, ' ;
GENERAL DROP IK C0TT03T
New Tork. Dee. 20. t It, 8. Beete
of the unfavorable report of the eensw bureau
on ginfitng, tbs cotton market declined 9 lo 25
points at the opening today. Later farther
losses of" about 10 points - an-' March , were
followed by alight rallies on coverings. -
' At the end of the first 15 minutes the un
dertone was barely steady and prices were . up
15 points from the bottom, being helped -by
rally in foreign exchange and advances Is
securitis. ','..-..,,. '..... -i
New Orleans and Liverpool selling eased prices
off somewhat In tha lata dealing,- although the
pressure was not heavy, Covering and trade
buying caused a rally in the last few 'minutes.
Tha dose war firm at a net dee lice of 12
points to a net advance of 20 points.
rKSCKlPTlON
Ta. " . .
aiua uuumers. , , j
Alloy , Steel .....
Amer. Agr., Cham.
Amer. Beet Sugar.
Amer. Can, e . . . .
Am. - Car Fdy. . . .
Amer. Cotton Oil.
Am. 'Hid ds Lea, e.
Amer. Linseed, e . .
Amer. Loco., c . , . .
Amer. Smelter, e. .
Amer. Steel My. .
Amer. SugsS, e...
Am, Sum. Tobaeeo.
a mar. .Tel. A Tel.
Amar. Tobacco..,!
nm, ' wooien, e, . .
American- Kinc , .
Ana. Mining Co. . .
Atchison, c
Baldwin Loco., ,.
Hal to. A UtuVv o. .
Beth. Steel, b..,.
Brk. Rapid Traastt.
Iiutt Superior. ,
Canadian Paoifie .
(Tent. Leather, e...
Chea. A Ohio..,. .
ChL fit. W., o. . ..
c u, t at p...
0 A N W......
Chile Oopper . . . . .
Chins Copper , . , .
Cons. Uas ......
Ccns. Gas
Corn Products, c. ,
Crucible SteeL e . .
Erie. c.....
General - Cigars . . i .
Garal IClectric . . .
General Uotora. . . . i8S6 H
(iraimy l-one......) 4H
Gt, Northern Ore. . 87
tC Hortnern By...i 7
Grene Cananea. , . I 33
Gulf State Steel,. I 70
uuno uesttnu. as
iDduK. Aleotool .1106
Inspiration Oopper.) 52
lat, Agr. ctitan...
Int. Harvwtrr. , ...1183
Int. Her. Marina, e. 49
K. C.-Southern, .. 1'
Kennecott Copper. . 28
Lackawanna Steal,-; 87
Lehigh -ytiinAAm
Maxwen Mootrs, o.. 1 . . .
ktexv retrolenm . . . 1223
Mont. Power i4-..l 50
Uiaml - Copper . . . .123
Midvale Steal 1 1 49
Mswoan Paat, .,..! Z
N'atinr..! - I aa
Nevada Cons. . . . 44
New Haven ....... 27
N, T. Cenrtal 88
Norfolk A W. v... 98
Northern Pan. . 81
Fenn, By. ..,...r 40
People's Uss .....I 84
Pressed Steel Car. e. 101
Hay Cons. Copper.. I 20
Br. Steel Soriuaa.. . 1 . . .-. .
Reading, a 77
kocx isiana. C....1 31
Shattnek Comer . .
Stoa - Sheffield . , . . J 78
Soutltem Paetlle.., 110
Southern By.. C...I 22
Studebaker. e ..V. 10 ft
St. L. A San Fran. I 17
Bwut A Co. . ....1B1
' Furnished by Overbeck
f Trad building: ,
Open.
January 8690
February ....... ....
March 3478
April
May 8283
una . . . . .. .... . s . .
July ....... 3085
Aoust ....
September ...... ....
October ........ 2827 :
December .. ..... 8800
A Cook Co.. Board
High.
8688
3400
8878 ,
a -sj k '
sioo
d
2848
8800
Low. Clot.
8667 .8688
.... 8565
8460 8470
.... 8818
8243- 8270
. . 8140
8075 8098
. . . 8960
' . :. 8900
2818 2885
8800 - 8780
New Tork spot market 8925; wnchangad.
KEAR RECORD APPLE PACK
IJf THE DrFFR 8ECTIO
i Dufur, Dec 20. Despite one of th - worst
years for fruit over experienced In this section,
a late frot last spring ank an , early fieea this
fall, the frnlt parkins for th 1818 season will
be . a near record. . At the apple crop of th
Dufur Orchard company, the largest apple on
eern in tlie world, ha been formerly published,
no account, will be taken of it her. - The, largest
pear orchard hers U also owned hy tht Dufur
ompany who shipped 2560 betes. . .
The xohroton 8 took A Land company shipped
110 tans of peer, and SO tons of apples. The
Highland Oroliard company sent ont 082 boxes
pf applet, 50O boxes of peaches, 150 hex of
epricota. The Cheechago ranch tranrted 8500
boxes of applos and the Mountain View orchard
company 1 BOO boxes. la addition to this a
Score of smalls growers clubbed and shipped
as vera! carloads of mixed fruit
J ' San Franelsen Poultry Market
Ran Frenciseo, Pec. 20. (U. P. ) Broiler,'
88o; large bens. 80 986c: best ducks, 28S0c
Overbeck &
Gc bke Co.
'Stocks- Bonds .
Cotton Grsiin, Etc'
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chlcajjo BoeiM of Trs4e
Correapcnaent of Lognn at Bryan
Chicago tiivt York. -: " -
S16-817 Board of Trad BaAdt
Bff
SHOETHOn BULLS PURCHASED
; BT 8HERMAX CO. FARMERS
' Moro, Dee, 20. A wore of tateretedBher
man Bounty cattlemen , met here to discuss tha
formation. aa association for tha Improvement
of - atook. '- The members declared themselves in
favor of the Shorthorn variety of cattle and th
assembly purchased six purebred bulla later a
coivrtgnsMnt sal ot purebred Shorthorn was held
and .eight females and nine bnlls were sold to
local fancier. - Meet of the purchasers will Join
the association, they announced. :
POTATOES ALOWO THE COAST
aan Prsnclso Market :
Ban Francisco. Dec- 20. (0. P.l PntatnM
..Rive whit. Ba ones aa. sun.. a J
sweets. 84.00 0 5.00.
Onions TsUow and white, 4.28 0 4.50;
Australian brown. $3.00 06.25. .- , . .
Los Anaeies Market . '
Lo Angebe. Deo. 20.(I, N. 8.) Pota
t.ie New stock. Stockton BurbsnBi, fancy,
83.0043.211; Salinas Burbanks finry, 88.00;
RvuwetU. 34.08 6.00: bakers' 85.60 0 6.00;
local in boxes.. 81.66 91.75; loaal Whit
Boss. 64.60 m 4.75.
- , -' i ... i J - v V
- Ratter Cah drain
dticago, Cah com, No, 8 white,' 81.43
1.48; No. A white, 31.48; No. 2 yellow. 81.59.
Oaf No.-3 white, 8587e. No. 2 rye.
61.77; No. 4 ry. 81.75.. . t- , ,
. Minneapolis CJ corn. No. 8 whit. 81.41
Q 1.44. Oats, Nn 3 white, 82 8, .
" f. v TTew1 Tork. London 8IlTr
New Tork.. tee. 20. H N, ,S ) Commt-
dal bar sUvr was He higher at 81.88. - '
lndon. Dae. 20-(I. N. f,) Bar. sUver
was d lower today at 9TL .
Tenn. Copper
Texas Pacific.-. . . .
Tcbseoo pmducta . .
Onion Pacific, . .
United Fruit ....
V. S. Rubber. C
.tT.-S.-Sml, - 1L.
I'. 8. Steel C ..
t'tah Copper . . . . .
Vt. Cheaa., .....
Wabash ........
Western Union,..
Wert, Electric ...
WUly Overland
48
91 V,
123
126
106
72
86
28
High
"46 ft"
60
84
5
65 .
189 '
48
28
8
6
68
45,
'87
na u
1X9 1
84
111
82
96
18
2
138
5.
66 ,
89
87
18
86 -8
08
86
217
13
78
Tow"
eat.
339
41
37
78
83
III
io
52
v . . . .
186'
49
16
28
87
,42 .
838
B9
22
48 H
86
ss
15
27
66
93
81
40
85
101 H
m
'78
103
22
106
17
19
10
48
2
124
126
105
78
67
28
50
94
95 '
54
139
47 -
24
08
95
6
44
95
98
127
10
58
83
109
81
96
18
36
182
04
65
88"
et
16
80
2,
62
86
118
13
J8
333
49
87
78
88
76
66
1103
02
.i. ,.
133
49
16
86
8
42
8
22
4
26
81
14
27
68
08
81
40
83
101
30
6
26
72W
103
it
108
16
135
43
01
123 .
124
i64
72
7
63
28
Cloy
48
50
94.
95
54
188
47
24
68
93
08
48
186 :
95
98
270 -
127
58
88
110
82
06
18
26
182
94
66
8
88
81
18.
88
83
85.
;21R
13
71
185
386
49 H
87
78
83
70
87
105
18
131
49
16.
28
86
42
88
221
59
22 H
49
26
82
14
27
89 .
98
81
40
33,
100
20
3
11
72
104
22
104
17
135
10
48
01
128
199
125
74
Stories of the Street"; ii
. - Paul TV Deppo . ,
Introducins Paul T." Deppe; -Born
December Kt 18S1, t Mitwatf
kee, 'Wla.--- ,
Seesaw, a gnember C the neUinsr forcna
ot Everdinjr A Farrell a few days After
ha arrived from his home town.. ,
Owns a Ford and uses it ' . - ,
Alter lha -oroduon Irasineiia nt tnWv.
dintT V,FarreU crew . to aucb rreat pro
portions. Pnnl Depp wan put In ntlru.
ebArtre of the -el liny; end. '-v'-'". :
' XCrery ' butcher and , poultry ' dealeri
knows Paul.' even - though . few are
aware o his last namev ; . Zyy. ' '
Paul in married, too. and has a home
on tha east aide, His "boss." : Totn Far
roll, rive him fall swine In the mak
ing And unmaking of prices and-as he
has been At the arame tor many ye ara,
h has evidently Atlsfled all concerned;
Wheat Planting 1
Is Good, but
Below That of. a -Year Ago
lournaTs Flgares m . Well as Those
Gathered by -the Government
show
and
' By Hymen H. Cehea
Flrurea of - tho Oreron. Idaho
WaxbiDA-ton whiter wheat aroa, secured
uirough the coopeniOon of over 800 uri
st correspondents of The Journal, ln
dlcate a decrease in tha planting for the
coming crop of 12,4 per. cent, as com
pared with , the " bumper and record
planting of a year ago. '. '
That such a good showing . In . the
planting should he made in the! face of
the tact that last saaeon's big winter
wheat area was induced hy the necessi
ties of war.v; and ?. that the-eeason for
planting wa ideal, is ' probAbiy due
mostly to the fact that farmers generally
expect' a hlgn , price to continue , for
wheat at kt&st for another year, and
they hare accomplished wonders in the
far of ruch an adverse condition as
th great shortage of farm -.labor.
Perhaps ont Very good reason for the
excellent area planted this season in the
lace or adverse conditions waa that laat
summer there was a greater volume of
ground . prepared for seeding than the
three states have ever known with the
exception of a year ago.
The showing of the winter wheat areA
Of the Northwest for the 1920 crop as
compared with the final revision of The
Journal's last year's figures show:--
-Acres-
1919-20 . 1916-16
076,000 1,000,000
1.207.000 1,450,000
676.000 . 700.000
Oregon .........
W sahington ......
Idaho ..........
Total 2.758,000 8.150.000
GOTERKHKNT FIGURES OF O REG OX
During the week the figures on winter
wheat production were made public by
the government.
Estimates of the. acreage ana pro
duction of the principal crops of Oregon
by counties for the year 1619 Are pre
sented herewith.' Late In February, 1919,
WEATHER STOPS
the Oregon Ieginlatare passed A bill re
quiring the various county Assessors to
collect crep acreage daU for their re
spective counties and rteport , same to
thtt atate tax commiselon. Owing to
the late date of passage of the. law,
many of the assessors had covered a
large portion ' of their : territory 'before
receiving their instruction from the
tax commission, i hence the data ; fur
nished by some ef the Assessors was fat
from complete, and in a-few counties
no . return what ver was mad. Bow
ever. In several counties the assessors,
consider - that - they secured practically
a complete - ennmeration ef th f erop
acreage. In other counties the onseieor
hsva estimated the percentagA of the
total erop. acreage represented by their
returns.. :.':?.'- v. A .vi'."''
With this daU "for 'comparison with
the last census. And with a large num
ber of reports from individual-f Arms,
w believe our. Acreage, figures Are not
f Ar from correct;.; The yield per act-
was estimated from a large -number of
reports from individual, farms, v county
agricultural agents, mill and elevator
operators, and other sources. ' The total
production therefore, while probably les6
accurate than the acreage data, is the
most authentic Information available on
the subject, 8orn rather markd changes
have been made in the earlier estimates,
made while the crops.' Were growing, due
both to ohanges In condition and revised
acreage estimates. Chief among the ro
vts4 acreage estimate ar a eotwlder--able
inerease in. the spring wheat and
rye Area And marked decrease in that
of bArley. , - '. - - r "
WASHijroTOir shows loss
Winter WheAtThe December l' esti
mate of the area sown to wihter what
In Washington is 916.000 . acres. ' -The
crop report -just issued by G. 8. Bay,
field agent ' for the federal bureau ot
crop estimates, tndioAtea that this acre
age Is approximately 100,000 acres lees
than that of last fall, when 1,021,000
acres were planted. This year's acreage
Is but" slightly : Above - the usual area
of 610.000-acres. - ; , -j--
North fortlsndMarkel U UlfhepOP
! tth : Uogs AoiLJCattle During the
iVVeewlns Hit $18. -
.JU PORTLAND UTtSTOCK RtJN
1 ' ' .,,. on Cattl. Calve. Sheep.
Thfc week ;..... 1864 1806 138. 8951
Weak- -ago--..' 2186 . 371.. 829 . 8100
2 .weeks ago...., 4S1S -. 2859 224 S9S
4 wesax .., (16044 ,264. ' l4 8666
Tear ago.,. v., 8471 1 13T1 - . i3 83W8
8-y .;. 6492 : SOas 46 8063
3 years agoVU.. 8656 -1868 68 6684
- .11.166 '1176 - , . 8 4949
' TotAl ran of livestock; In: ths North
Portland alleys - for.! the week was , 64
cats compared with 137 last week. 1S8
two weeks Ago, 158 four weeks Ago, 141
A year are and 141 cats two veers Aaro.
Hogs were firmer And higher. 'cattle ad-
vartcea and there) was a higher vprioe for
eheep and lamba:;-:; ".';;.;'-:,.,(.
s" Generany diaappornting "ynn of hogs waa
shewn Ja th North Portland yards for the week
vith a total supply of 1864 head nsanpared with
8136 week o, 4813 th prsrioo week nd
71 htsd a yr ate. 1 - 5-- -
AUller ware Quick and etreng bidden tot
gwin in the alleys because of the small supply.
am to im inr weatner last week, and this
feroed extreme tops to th lis stork, Ooataf
trad was firn at thgt, ;- ., -
General ho market ranea- -
Prime mixed 818.28 818 60
Medium saixea . . . . a. . . 14.76 16.26
Bough aeavi hiiniiTi
pis ..,:. . : Kii iui
WhDe on the closing day of lb wek thw
wa raueetou at JtorUt Portland a rather dull
feetnur-wKh aa andermmerit of wMknam. th
cattle nmrket was etrb nod about 26e to 80a
higher throngh tn remaining portion of th
penoo. - .. . v 4
BQ shewed a vry serfetn
General sattle' saarkat lanfei : - -
Beat steers ....... ...iituisi
,wa b eonat Heere. . .. , , , . , .
awaium-to g0d storM.. . . . . . . ,
Pair ta od steers,..,.,,....
Commonto fair teer. . .,.-,.
Choice now and nelfem., . . . ,
Good to ehoi cows a ad belrer.
Medium to good sow and aotfera
Fair ta medium sows and keifsrs
Cannera ,,....,., . . .....
a.. ..... -. . - - - - . - - -
: . .........
Beat light calves ....
near . heavy eaivaa'..
Stookars and feadmrs
Muttoo . Situation
: In general with a ra thr w
aecreased , from r0rt , week, th niarket for
mutton and lambs was of satisfactory oharaster
at noni roraann tor too set . ..'? j
- General gnttoj market rassei ' .
nest ea of onnUln ...... t, 318.00 S) 18.56
emaesa nam jeaoeie r. 0.e m 1 3.00
wJIny lambs ,.,., J 0.60 1 1.60
Light vaUsy lamb 11. 6oSl2.n
Tsartlng B.oO A) 10.66
wtuwra ;. f.OOfS 9.5
. i.i : .... i . , . . .... s so 9 t .6
American Eggs Considered v s
Poor; tack ; off Grajding
Canada' is complaining about the lack
of grading of American egg The fol
lowing editorial from V the Canadian
Form, Toronto, for, October 15, 1919, ex
plains "why . American gs bring lower
prices on th British markets than those
from Any other principal exporting coun
try, except China:
There le no reason why on eggs -with proper
selection and grading should not bring fully as
good prices in Great Britain aa egg from Can
ada. A a matter of fact, ontiUe of egg
bought In th United State ar being exported
by Canada to the mother onntry. .
... "On of the most sncceasful developments in
rceent years in nr trad Abroad that f ens.
Daring th seven months of th jprasent year
Canada'a export trade in eageha equaled in ex
tent th whole of the export trade in fids par
ticular Un in 1918. This Is not do to greatly
increased production of sggs, but to the better
methods in which the business is being handled.
All eggs tor export are graded and standardised
by government experts, so that th buyer ta
Britain know ynat what no is getting when a
buy Canadian ggv. This Asa lasalled in an ns
precedentod demand for Canadian eggs in th old
land, which is only limited by th jnpptty. It
hat aiven Canada the preferenaa ever American
ear, and areatlv infireased-. osf eauort . timda in
Britain. To such an extenv b this trn that -the
Canadian oonsnmer to a large vextent has to de
pend upon American egg for the home supply.
In fact, with their product losing ground in th
Britinh market owang to the snperior nalrty at
Canadian graded ogga, th Americans ar seeking
in outlet for their surplus in Canada. Or tn
thr words, dealer In Canada ottering to the
home trad hav bad to buy in th, American
market. The roan? of this is that a sirs quan
tity of Americas egg ar coming tn that are not
standardised and ar sold as th Canadian prod
net. In the interest of th Canadian ocnmmst
steps should b taken to v , this Amartea
prodnet graded befora. being- placed upon th
Canadian market. It is not fair to th hem
consumer that Canadian eggs should be graded
and shipped ant of th aountry sad their plao
taken by an ungraded Atnerioan supply."? if .
.&oti
ie.6O0ii.38
9.36 4 10.64
8.60) 9.60
-e.e s.06
k . 4 . f
. . , ,':
s zaey 9.60
7.60 6.76
A50 T.60
4.50 5 6.00
..00 4.00
' 8.00 8) f .60
12.66gfl4.es
7.00 13.00
8.60 10.96
Ewes
Chlratw PetAts Mirkft
Cfuoaan, Dee. 20 L N. I..
osipta. it eant flnesota and
63.00 03.16..
PafcaSa, Oalos.
Sterol g Exehaate Steady
New Tork., Deo. 20 (L N. S.) Bterllng
Ullst 68.79 for deauind. v
' . ; ' Ssgeae 1rkey V arket ' '
rJngea, - Vr., . Dee. CO. Da
iroe ana
two years, and is anxious that, their
owners, who were given ' interim cer-
tiflcAtAs In lieu of th bonds during the
first Ioad. surrender the certificates At
ones in exchange for the bond a :
At the time of the First Liberty loan
the Actual bonds - were not ready for
distribution. ; and Interim eertlficateo
were issued. These, nowever. oesr no
interests so that persons throughout the
twelfth federal reserve district who dire
holding Interim certificates should com.
muntaate with tan Pwdnr al Beserv bank
tn order that the exchang can be made
at onoe and the interest Accrued on the
bonds paid. ' -
if a subscriber has lost the sertineate.
the Federal Beservs bank should b no
tified, and," upon request, procedure to
he followed in presenting claim fof re
lief, will he furnished. : " -
. rwnuhed by Overbeck Oooks Co.)
Financial News Bull trAdlng teadeae
cies sre expected. The steels, oils, pack
tng houga stocks and erugara Are In tine
ior higher prices. - The mors f Avorable
Washington new on rAiis may stirntt
late short' covering In that group. It is
understood to be oversold. Predictions
are made In welt informed Quarters that
retail OAndy will Advance to much higher
level. : The outlook for - tncreastng de
mand a oa Cuban sugar is causing large
speculative 'Investment fn - companies
producing la that field. Brokerage loans
Are estimated to have been reduced over
40 per cent xrom the peak ot uotooer,
Equitable Trust Co, Announces thet
when RoysJ Dutoh dividend ot IV per
cent has been received notice will be
vea to holders of New Tork And Amer
An shares as to record dat And date
of distribution of dividends. According
to : tryst-company's cable advice, divi
dend Js payable JanUAry SB 1x8 Holland.
104
m
28
PCULTRYMEH AND SKIPPERS
V We pay Highest Cash Price for
TURKEYS. UEESE A SID CHICKE5S
. - Send us your Xmti shipment' - ,
'- --And bo convinced. - iS
v Cash Produce Co,
206 EAST JT0RHIS0X STREET .
; Under Sew HAnagemest ' .
Tout sales, stocks. '461,800 shares.
-Total sales, bonds. 818,417.000. ,
WHOLESALE FRItES IJT FORTLAXD
Thee are price retailer pay wholesalers,
exoept as otherwise noted:
. i Dairy Predseto
B UTTER Selling price, box lots: Creamery
prime, parchment, wrapped, 70 per lb.: prime
firsts. 680 -lb.; rsts. 67o lb.; smaller
lots at an. advance. Jobbing prioeat Cubes ea
tra, S8o; prim firsts, 64; Mrtonv' le extra.
No. 1 storag batter, 60; eft grade, 66 5 to
per lb. iv-;,- -
' BTJTTERFAT Portland delivery bads. 74 8
7 7e; country itatlons, 78 074c per lb.
OtdOMABGABiNS Bast brands, 40a; ordi
nary, S3 ei bakers. 8to; Nutairgsrii. 1 Pa
cartons, 82c par-lb. .
CHKKSK Uelltna prices Tfflameek fresh Oss-
gon fancy ere am Ariplets. 3S036e Bv; Touns
Amerioa, 86037o. Price to iabbers, f. o.-b.
Tillamook, tripku, 82c; Toun Amrrioaa. 33c
SelUns price: Cream brick. 40 4 2c j buying
price f Coos' and Curry triplets. 31e; Young
America. 82 He lb., Lab. Myrtle Point selling
price: block SwUs, 486 49oj Lis burger, 406
42 lb. .... - ,V . '-
EGGS Buying price: ! Current receipts, 60c;
candled, selling price, . 6 7e; select, 70;' No. I
storave. 67c. - -v. ':- ' . i ;
LIVE POCLTRT Heavy hens. SSc lb,; light
hens, 80c: spring, - light, 85c; heavy, ' 80o
lb.; old roosters. 15 01 So th.; sQuabs, 68.00;
dressed ducks, 45. lb.; pigeons. 41.60(2.00
per dosen; torkeya, live, 45 Jb.r drewed, 50 S
68q per lb. i dreoed seeae. 45 per lb. .
Fresh Veoetable and Fruit ;
FRESH WH PIT Omng, 84.2508.60 per
box; banana. 10 011c par lb.; lemons. 66.60
06.76 per orate; Florida grapefruit; 83.764
A25t California era pat nut, . S.7 ante;
pears. 82-25 0 8.60; grapea, mmrior, 12gf
1 fta Ih. . - ..
BEBRIESCranberries, 14.76 pgr busbei
oox; eastern, sia.vvsyie.no ant,
APPLES Varioua varietiea. local, 81.00 6)
8.50. 'iy-v..,.:. .
- DRIED FRB1T Dates. DromedarteaTI 9 . OO :
Fards, 88.75 per box; raisin. 3 crown, loose
UuscateL la per lb.; figs, 33.80 6.60 hex.
ON IONS Selling price to retailers-Oregon.
66. OO tier ewt.: amnf iatrd aalliiie seine- ear.
load. 85.00 f. . o. b. eountry; garlic, 26 0 50
per jlo.j creea oniona, 40a per dosrn brmches.
otatues seiiint prw. 54.00 a 4.60 per
ewt.; buying price for fancy tares die. 33.25 0
SOU j ordinary,. .oi per cental; sweet, 4H
5Ue ner lb.
VEUKTASLES Turntpa. 33.50 pay sack;
earrota, . 82.00 0 2.25 ( beete, 68.80: ' cabbagt,
Oregon, ; 60 per lb; lettuce, 61.50 . doaan;
cucumbers; California.': 63.50 hie; tomatoes,
62 600 3.00 per lug; egg plant. 20e lb.; caali
flower, 83.00 0 8.25; beU peppers, 25c; cpronts,
17 lb.; Hubbard squash. 6 lavi parsnip, 68.00
era-ov sacs. " -' ; -
MS W. I.M T. f .11 n
COtTNTRT klEATS HSelllag price: Countr
hogs, 22 028o lb. for top blockers: beat vL
26c lb. s heavy veal. 18c Ua. - -
SMOKED MKATa Ham. 26S4 per ft.;
breakfast bacon. 83 0 80c: pjenica, 26; eottaga
rolL S0e Ux. -J.. ... - .-.., v -.
LAUD Settle rendwred. 88 He lb. t standard.
axe; uam. oana. compound, zee.
Flab and ShellTlsn
FRESH PISH Salmon, fall, 21e Tb.; sOvvr.
aide. 19 lb.: halibut, fresh. 25o lb. sturgeon,
20c lb.; black cod, 10 011c lb.; silver smelt,
10c lb.: salmon trout. 20026 lb.; kippered
salmon. - 32.63 - par 10-lb. , basket; kippeved
od, -. v ' v. v .At :a .
- gHLUJflBH Crab. : 38.00 t per dosen;
suriiup meava turn per csn; loosrer. ove in.
- Qreoerics
- SnO AR Cube. 310.81; powdered, 310.26 :
fruit and berry, 88.77; yedow, 69.08; granu-
Uted. 88-7T: beet. 31127; extra C 39.26:
golden C, 89.1A t
HONB3T New. 88.80 TJC case. -
RICE Japan style. Ko. 1, 14c: New Or
leans, bead. 16e; Blue Roae. 15c per tb.
tj Ai. 1 J)oa rse, nau gTouna, xvus, sii.vv
per ton; oos, sm.ao; tsuie aairy. ova szv.anj
biles, 88.15 08.53: fancy- tebls and dairy.
632.00; lump rock, 326.00 per tea.
BEANS Oreron (sslVs bV iobberl) 1 Lady
yrashington. 7 08c per D.t pink. Sc; hmag.
5o; bayou. 10 He; Oregon beaaa, buy lag priee.
nominal, 6 He per in. ..... ...- , H
CANNED MILK CarnaUen, 87.25; Bordta,
37.40 AsteT, $7.18 f Eagle, fll.86t Ubby.
87.15; Teloban. 57.05; Mount Vernon, 87.16;
Basel wood, 87.15 per eaae.
COFFEE Boasted 87061a In , aaeks r
drums. .
SODA CRACKERS In bslg, 176 per lb.
NCTS Walnuta. 88 0 40c oar lb.: almonds.
S60; filberts. 68 tn seek. Ms; peannta, 166)
ieo; paeans,' s; awaau, .
pea, pelnts, Oils .
HOPE Steal, dark. 18 c; whK. 20 Bv:
standard manila. 23.
LINSEED Oil. Raw. bbh. 82.06 gal; ket
tle boiled. bbL, 83.08: taw. oasea, 32.16; boiled,
gaes 62.16 per gal - j
- COAL OIL Water white, la drag or boa
bbhv. 18Hc gaX; ease, 24 gal.
GASOLINE iron bblv, tet case. 85 Ha
engin dwtiUate, iron tM.. leei caaea. 30 Ha
WHITE LEAD Ton lota. IS He; 500 lbs.,
18 e per lb. - ' , :;
TUHPENTINr! Tanks, 61-91; eases. $2.01:
10-case lots, le less.
Wire Naila Saaia prices, 3S.16.
H, bVoel and Hide
. H0PrVNoinltuuV 1918 crop, 80 per lb. !k'
HIDES Green, 17 018; salted. 18 0 20
kips, 35er ealfskina, 56 060; ball, 14 018c lb.
Pelts Dry leas wool pelts, per lb.. 3O083e;
dry medium wool pelt, per lb., 25 0 28c; dry
shearing, pelt. 62.00 0 2.50 aebi salt long woo
pelts. 810 02.00 eh; eatt shearing, pelts,
5Oc0 61.00 each. - . : j, ., ..
MOHAIR Long staple, 40 per lb.; short
staple. 28 0 80 per lb. .
TALLOW AND GREASE No. 1 UIloW, lie-,
No. 2, 10; No. X grease, 9e; No. 2 grass. 7
per lb. . - - r -
CHirrnf or cascaba bark Nsw paai.
lie per lb.
WOOL Valley half blood Merino and Rhrep
shire, 60t Cotswold and Lincoln, 40 044c;
matted Cotswold. 80 0 84c; timber stained.
per lb. tea: lambs' wool, 4e per lb. lean
Eastern Oregon. Eastern Waa Mae-ton and Cali
fornia Wool Merino and Shropshire, 85 04Oe
hall-blood- nterrnw ana tjotswoia, S(043r
Shropshire, Sl43ct Cotswold nd Lincoln,
straight and mixed. S2eS3i bnrry, 5 per lb.
less; lambs. 4a per lb. less. : .
Fine Wools Marin crushing and . Hlwg
grades. 80085c
- -' Sew Tork Bask Statemeat
' Nw Tork. Don SO. (L N. 8.) Bask
statement:
Average Leans. Increased, 854,728,000; de
mand deposits, increased, 887,925,000; time de
posits, increased. 3400,000; reserve, increased,
818.004.440. a
. Actual.- Loans, increased. 646,301,000; de
mand deposits, decreased, 82.488,000; time de
nositB. Increased. 84.682.000l rsservs. decreased.
840.648.890. . 1
AmIrICAX LITE STOCK PRICEi
CAieaaw Ho Si.S0 - - '
Chicago, Dec. 20. (L N. 8.) Receipts.
15.000; weak. . Bulk, 813.90014.15; top,
814eS0; heavy weight, 313.90014.16; me
dium weight, 818.95 14.20; light weight,
813.80014.16; light llgbte. .613.00014.00;
heavy a packing sows, smooth, 8ia.83 018.76;
packing sows, reugh. . $12.75 18.85;, pigs,
812.76 0 13.78. " - ; . , ,
' Cattla Reaeipts. 6500, Usrks oomparad
with week ago: Beet steer and she stock steady
to 50 lower; aannera, 26 lower; veal calves,
31.50 0 2.00 lower! bulk, 25 higbt:? stock
era and feeder. 26 w 50e lower.
Sheep Beeeipta. 2600; weak. Compared wtth
weak ago, lamb ataady to 86 kOghe Cat
yearlings and hep gtrady to,lowr. .
Omah, Mm 613.76 J- '
' Omaha. Deo. 20. Tl. N. S.) Booeipts,
12.000. steady J balk, 8V8-36 18,66, tops,
18.70. ' e . - ' x
Cattl Reoaipt. 1800,, tteady. -- j, .
ShiapReceipta, '8OO0, steady te treg. .
Raw OKy Ms Sld-00 '
Xanss Ciw. Dea. 20. (L N. S) CAtUe
Reeetpta. 600. no market.;-... . . "' '
- llofs rterwipW. i8000. fnBy steady; top,
i.w: bulk. 318.76 8)li96. ' ;
Sheep Beoeipta, BOO. -no market. . - ; ,
- Dnw M SIS.yS ---, .
Denver. Dec. 30 (TX, P. ) Cattl B-
seivts. 2000; steady, steers, 810.00 9 U.ov
eows nd heifem. $7.6008.50; stock
feeders, 6. 010.25: ealves. 611.601
' Hon Receipts, 400: 10 higher,
618.76; bulk. 818.40 9 is.u. . - l
Sheep Mtipt, , 13.000; steady. Lambs,
114.78 015,70 T -w, . $7.75 0 8JIO: .feeder,
Uinbav. $14.00 4 14.76. ,
v, , ' -Set Hoe aiajek '
SeAOe. Dee. 20. (I N. S.) HogeRe-
elptv SOOj stisnf.. Prim Bgjitt 818.750
1A28J medium to ' ehotoe,- 614.75 016.76 1
rough, hcavka, 318.75 0 14.26 s pisa.NH6.00
C15.0Q. -
Cattl Receipts, 166: strong, bast steers,
11 ASail.Ifl' anedinm to rhoioa. . 69.00 0
10.60; ectnmon to good. 66.000 A26' bat
y.
'A
4.00.
Tops,
In BtrOfUC demand with liva bint. au.
and draased 45 a pound, ' , . .
""'.''"'L''v: ' " nr g i s , y
4.. Minnenpoiu Flax Market
Oregon Bankers and
SchooKOfficial Are
To Plan Tlirift Work
CervalllA, : Dec. lOy The Oregon thrift
movemnt will be considered by Oregon
bankers nd the state scjiool superin
tendent, J. A.-1 Churchill, At Farmers
week, December 8L j Professor Churchill
will Address the eountry life conference
on the thrift movement la Oregon Id the
afternoon. And speak before the general
assembly on -the ' evening of ih i.M
raay. - -
"Group XI or tha Oregon Bankers as
sociation lias UD to thin time nMI
movement in Oregon by conducting the
annual inrm conerence at Farmers'
week nd contributing prises for educA
tionai 'llteratur,' says Dean J. ,-A.
BexefJ ?ln making the Announcement
rroti are now kindly invited to send one
or mors dslegates from every bAnk. thus
stlmulaUng one of the most far-raching
economlo and sooIaI movements la the
country.-; - . ... :w
Eightfui Owners
0fDLil)r3rl
" ; Now Being Souglit
JJV?tc CaS Dei 20v-More
Oisn $11,000 worth of First Liberty loan
bonds,, wlih Accrued vinterst amount
ing to nearly 800. Is going bagging for
rightful owner In the Federal Keserv
bank of San Franoisoo, ei;-, "
The bank. hAS had the bonds for over
sera, iai,eiv Mf
cows, . 85. 50 0 7.60; bulla. ' 86.50 0 8.00 ; ealvaa.
eow nd heifers, 68,71
3 7.00 16.-00.
Sheep Nona
5
.V' ?7fw York Batter and7 Egg
New Tork. Dec 20. L N.- A) Uv pn
try firm, 28S)28-
' Bnttet ntarxet strong, creamery wxxraa, i
s W Tc; - creamery
75; creamery firsts,
stat dairy tubs.
ti(l,e unrin. ' 11 it A 78e
520 fie; ra nova ted extras, 6869c; lauta-:
tlon areaasery, 64066. " - 1 '
Ckeese lnetuiar,. ; tower groan.
260801(6.
Eggs Market eteady, nearby whit fne, tie;
nearby browmt, - firsts . 86 0A8ej extra. - 4
66ct firsts. 8061.- . ... - , - . ,
MJU6S.0S
ft
.RAvaI .Stores KArket
' Tfew Tork, Dee, 80. (L- N. S.) Turpe-
Ha Savannah. 61.B4 J Hew. xoryv ILt
Rosin Aavanaah. 316.15 A) l.36f NewTfork,
617.00. . ,v-
WILSON-HEILBRONNER CO .
BROKERS s
t ... . 7
4"
- a. ' 291-2-3 Railway Exchange)
DIRECT ; PRIVATE WIRES TO ALL. EXCHANGE .
STOCKS
BONDS
GRAIN
COTTON
Service Tliat's AD
Telephcntj
ffcia233
Main2S4
errwpndnte K.- P. Button Co, Hear Vrt cifrhni60u(ti Cw CHlcagoj Mgyr-ten
. W Aaston , ' .. v
- Speoial roeetlng-of Ohio Cities Oas
tockhc4drs January 1 to act on recom
meridatlon of directors to increase Au
thorised preferred stock , tu : Xrom
IW.WW.M0. to 190,000,000.' i':-t.i !
- Duns reports 131 'ootnmerotal failures
In the Vnltad 8tato this weak, Against
116 last week and no uurt-ysar. s. -a
r BraAtreet's Aays resumption .of eoal
production enlsjrged. fust shipments, re
mo v sJ of lighting restrictions, active
buying of iron and 'steel want psasage
of Edge bill Among outeUndlng events
making for usuaI Activity At this season
ex tneyeAT. . j-r-- '-':. '.
' (Furnixhed b Wilson-Hflbronnr Ce.) -
Chicago Tribune says:. Rates of tn
terest to commercial borrowers continue
to role rather firmly Around per cent.
Some Accommodation is hAd at a lower
QUotAtlon. but-it concerns special con-
aideraUon Apart from Or feneral going
PAte. ' .d - ":' -t
The merchant who may wish to be
guided in his borrowings by the prob
abU future oeurso of money has pre
sented to him a situation" the outcome
nf which Is not SAsily foreseen. - While
to the main tt Is suggested by facta on
the present h orison, atlll xpertenoe has
shown the fsvlllbillty of money predlcv
tlons covering oonsidsrAbrS periods of
American holders of Anglo-American
Oil comDAny stock will receive payment
of the interim dividend of I shillings a
share at the exchange rat of 33.7 y, per
pound sterling., thus making the i divi
dend iA this country equivalent to about
per sent. r a
Due to heavy demand for steel product.
various steel compAnles will elimlnste
customary holiday suspension of opera
tlons. The eteel oompanlee ara far be
hind In deltveriea, with no Indications Of
catching up with orders for A long time
to come.- " . . ;,. ,s
South America ' Gets :
itrdd Coin Shipineiit
The withdrawal .of 10.600,O00 In gold
coin from the subtreasury Deoember I
for shipment to South Amerioa. was' the
largest withdraws! for thAt1 destination
li) some time. v---.-'.it j-Ac-; v
The government figures up to th last
'any of October -shew thst our ..'total
ports for th caienaar yeAr up to ; mat
dat amounted . to $270,076,000, which
Compares with a high record for a siml
Ur period of $860,122,000 made in 1917.
Th exceee of exports over. Imports for
th 10 months, however, was $208,847,000.
This Is a high record for All time. - .
DLPf(EC!Ai:i-i&.o;:E..
CAUSE OF THE FALL OF
' RATES: OF EXCIIAilGE
V"
Money of foreign Unds ; Merely
Irredeemable Paper;. Gold "'
Standard Siiipended.1-,1
The , depreciation , In t foreign . exchangt
Is due not merely to th heavy : trade
, . m , ... . .1 . t a,.Hi. . .
nausuiceax, aocmros xuo suuqm aiuis
Commerce m New Tork In th Deoember
issue ef Its magaslne. Commerce lionlh-
ly. It is also due to the fact that foreign
uwHv .wv :wrfwm;a, v,uv . . - .
gold standard hA8 been suspesdod in
most' Buropeen countrUa and the money
is merely Irredeemable paper. Ko rtor
mal exchange conditions cad be expect
ed until the gold' standard Is restored.
"How far the exchange rates will fan, .
when they will recover,- how "? rapidly
Ihttf avlll MMDsathus ara nuaatlnna ta '
which no pne. can give, confident an
swers.' the bnk,sAys;;vTt is the gon
ers! expectation that . so long as the
heavy excess . of Imports over exports
continues, for the European ' countries,
their ..exchanges .wIHgo.lower,:.
i! . m HwwsBi siaiu, v.ca rvui, vw-
.m - 'wk'i.SvnttM. nnlnmn trmt
. v . .v. a V...W. . . . WW. ...V. ' v
much of this has already been discount
ed In the existing exchange - ratea by
short selling, and that the demand from
thee short sellers theraseivee . will take
np the ndw supply of foreign exclieng
growing out of the export for a oon
eiderable period. Other 4bservers, how
ever, maintain that , the , general tend
ency or apecuiatron has oeen puinsn
rather than bearish., This view Is
Strongly buttressed by. statistical argu
ments i The long-time loan to f urope
In the past year f All far short of the
balance of Europe's current debt to the
out Id world, and speculation ef one
kind or Another must have absorbed th
difference, either by buying exchange, or
W . ...!.. ... 1 ...... . . tM . I.",
vy letting wauiiiuv, awx.wiiiwia.tw ,u avi-
roPeaa . banks, or by . withholding - ex-
ohAnge from the market, end Allowing
Vuim . aiwiiint.1 tn run. . Thar-a . wrmiki
thus be n enormous volume of ex
change hanging over the market. Defi
nite preaieuon is aangerous wnere so
many unortalntle exist.."
Warburg Advocates
Weekly Settlement
- 0n Stock ExchanGo
Pau M. WArburg, ; formerly vice gov
ernor of the federal sery board end
a recognised authority Nn banking, in
his report to the AineTtcan' acceptance
council; came out-strongly for a system
ot weekly or fortnlshtly settlements on
th stock exchange, instead -ot the pres
ent system or Mining balances uauy.
' Recent experience' tends to confirm
Wnrbursr contention , that no lonsr a
banks in other cities dump their sur
Pub funds Into Wan street and as
suddenly null, them out . when' they need
them, so long will th market be in an
unsound position. " ".. . .
tits remedy would he to develop th
aeoeptano And " discount , market to a
position where the banks would regard
their investments In Acceptances, instead
of their Investments In call loans, as
their secondAry renerve. This sort of re
serve would be thoroughly liquid, since
the paper could be rdlsoountd At tb
reseirs bank.-.". - '.i-:'-1 ?y
EeunBylvaniar Lin
Rfeacfi: 12,000 Miles
.,.,'"-r . - - aA-,;-' '' . '.j ' ...
. . V-.-: ' .. '' ' ''.''.' -r-.v .'.
Tha' PennsylvanlA system- has , paid
stii. aa .. . ,
ujviuviiuo lur e insnwtiuTv years. ' ata
Investments in sffiliAted oompanlef total
$214,000,000 and ether investments $65,
000,000. - It serves tha richest ' part of
the United States, the great .steel pro
duclng territory and the largest . cost
mining ' regions, operating 12,000 miles
of rails And transportation cotnpanl.
The net operating Income is three times
the bond Interests. Experts calculate a
book value of $66 for the stock. Ninety
five per cent -of the stock s now owned
by- AmerkrAne.-:-. & ': fs ' a " v ,
BONDS
v- n ? es must salt n tSterif Vteteff tendi, n t st, It ys 8ef lleetiy e
. Viator kwrtda, buy rear s. W buy wdr sail liberty end WltHery bend at the inart,
' . tT- (Oil MKMT H ITTIS-TOII Sf OO WOMI. . '
On Daoembor 8 0th, 1618. tb eiosin New Tork market prices ware as given below.
They ar the roverning prion for Liberty and Victory bond U ever th world, asd tbe
Mfboit. w mwH
Tork saarket sad tk
'j -: .. , ;
sfarkct prieea'..,..
uteres) aKi....
these ptiots dally ha order that yon may always know th Xr
Vara of year Liberty and Victory bonds: ':
' ' . . . , m-M ' B.J .... ,d Ik Vl.li Q I ill i '
. sea IN - : , - n -. mrm .. - , --"1
.V&o .V.V .4 X oUS foVVV iM
S MJ1-.A y-.T .';.. j. Ll$ '..IIJt.-.M ;':.;
.1 --Total '.i'..'.5.V.:. -99.0 93.88 S1.T3 68.87 81.87 94.7T 62.28 98.96 98.9
When bavins, w dsduet 87 n 880 bond and 83,60 . a 81000 bond. W sil
t tb Nw fork msrket, pin th teemed Interest. k - . --
sBlp ans flrnsreef Sets peeh) gel for irtse tstS s. m, ) Setsreayt.
MORRIS BROTHERS? INC.
T "wmlsf Muni teal Sewn uses sjssimi eye wrinia)ssnere gmavw -se
BJOaaii ki, HH(t Stert, a, ftth and Sth. .. TalaiMsan
81 81,
V
" tXEtAPT FROM ALL' TAXATION OP THE GOVTJWMENT UNDER THE
AUTHORITY OF WHICH THE RESPECIIVE BONDS ARE ISSUED
tV
' Wywxk nad offAr th foJUwiag grtipW Cjanadsani Provincial antl Foreign v ,
Boads to yield investew. fratai 0.1070 t w.80; Tk rw nwAlly attrectivn. v
bonds in ss much as th lnter6t yield U.vwry blflt and tb security bshind tka'
Iroads Aafla to fUAtwA tatair tsyssiL. . iV ; ' ":1k( - , ' ,'"
v -
-
"S, 8.000 Alberts, Prpvlncs f..i..V, '
s 20,000 "British Columbia, Province of !.,.,....,,... 4V
- 26,oootBritih Columbia. Province of ,..., 8 .
i .
Rat. - Maturity,
MAN 1823
JAJ
. , aaa ili..i..t. . ti.Mi.u e e r a . -1
,j,ww -siailiwua, rrvTinuv vi,.....,,....,!..., .... v nitv
s t 28.711 IManltoba. Provinoa of, Ouarsnteed .,,ii.., 4, 'Jl
' 1 000 tKawfnundland. aovernmnnt of . ...... 6U .JAJ
-..';228.00O OntArio, Province ot ........ i...k.t.t. ...... 64 JAU
68.50(1 I Saskatchewan, Province . of, OuArAdtoed...4"4 , ,
" . v303.00 lSaskatchewan. Provinc of ............. .v.... 4
182,900 fUnited Kingdom of Great Britain and Ireland SH
' j 'r 76,800 United Kingdom ef Great strltAln And Ireland ih
" , 49.000 tHordeaUX. CMtV of. Fvarton ......... ......
'- 38,000 t Lyons, City of. France ........................ 6
445,000 tMArsellles, City of, JTrAnee ...,.,,..,.,......
HAW
; JAJ
-FfeA '
FAA
MAM
nfAJ
AldtN
arseiues, uiy ,ei, stibi ...,....
'Barlar And Fire-Proof Saf Deposit Boxes (pr Rent
Price. Tleld.
: 04.14 0.25
12 '84.04 6.80 '
193 98.46 6.5S
1920 , 89.00 6.25
1930 ' 81.16 .;
18 100.00 50
1828 . 84.84 6.20- ,
1638 76.48 .6.1 0
182$ 03 67 6.23 ,
1638 At MktV 6.00
1922 AtMkt,.25-.
1934 93.60 689
1934 ' 92.60
1934 .; . 6AM,
'6.80
A60
-MORRIS '.BROTHERS,-: liic;
t J
'.THE PREMIER MUNICIPAL BOND" HOUSE i,
CAPITAL ONE MILLION DOLLARS .
" " Morris Enildlag. 309-11 Stark Straws. Betweem Filth and Sixth
ATelephonet Broadway . 2 1 5 1 - " . tiUblisned Over s puarfer Century;
T