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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 18, 1920)
THE OREGON DAT " "OURNAL, PORTLAND, OREGON SATURDAY, DECEMBER 18, 1020. MONTANA FLOUR IS TAKEN OFF BARGAIN COUNTER HEAVINESS IS SHOWN IN STOCK MARKET TRADING 12 PIIGR SOUND WEAK IN BUTTER TRADE Fuget Sound is the weak feature of the entire butter trade and in its de moralized state ia very liirely to fcrce Portland to follow a lower price level. Bo far as Portland Si concerned, the situation liere Li somewhat drprwied, but without tM nfln-nce this market would be considered iairly steady. . , t It ippnn to be history of the Puget Bound frrde that when conditions there are adverse the market jtoe to the bow-wowa. while Portland, with a mote emwervatife trade, is not inclined to shoot up or down with ao much speed. 1 bete has been a steady to hifher market for tiutter in the eastern trade of lata and this has been a saving influence aloof the Boast- Weather condition ere what ate affecting the Atlantic 0"' t in.rki.-L". No price chance was made in Portland for the Saturday trade. , Tbo desiring fecial information regarding an, market. Iiimlrt. write toe Jtarsei ti Oregon Juurnal. ecltiiig unm for reply. LOG FIUCES COMIME TO SLUMP i F.gg market prices alone Front street eon tinue their downward movement with extra to day quoted at 63c to 6c a dozen and the baying price for current receipts down to 65e to 80c dozen.: ,. ' jlEAVIEIl SL'PPLV OF CHlCKEJtS : liuring the 24 hour, there was a very liberal incres- in the arrivals of chickens from conn try points. Ifemand is generally favtabla and the rtctnt advance is being maintained. CnATTBKltnY MARKET VEIIY F1UM Market for cranberries Jl very lira- Kastsrn stock K selling at (20.00 in barrels and 22 e a pound in lev iota. Local stock b telling at $3.50 to $625 per box. or one third barrel. OUANGE PRICES SHARPLY OFF ; Further sharp reduction is showing in the price of oranges here with similar loenes in the Mouth. Fancy loo. Is selling from $4.00 to $4.78 generally. Small size are in beat supply. FEW 8PITZEKBERGS AVAILABLE Few Spitsenberg apples of quality and espe cially of large size, are now available in the local territory. This is shout the only variety that is hurt, although Delicious are none too plentiful. However it ia rather lata in the season for the Delicious, . ' BRIEF SOTES OF PBOBTCE TRADE Hice price sharply lower. Cottolene ia down Her pound again. Country killed mesU about unchanged. . Turkeys are steeriy with supply email. Sweet potatoes firmer and high at 6c for .best. Heavy Butter Oatpnf Winlock. Wh.. Dec. 18. With 24.000 rounds of butter to ita credit for the month of November, the Winlock Cooperative creamery has just completed another record-breaking month, an increase of from 6000 to 7000 loiyids over last yesr. The increase is due to the better snd larger dairy herds maintained by the farmers and to the fact that there are many new customers who are asking regular deliveries. A large nnmber of these are from the St. Urban and Toledo districts. Dried Frnlt and -Beans New York, Dec. 18. (I. S. 8.) Beans Market weak. Marrow, choice. SO.OO asked; pea, choice, $5.10 9 6-25; red kidney, choice. $10.00 asked. Dried fruits Market dull; 1920 apricots, extra choice to fancy, 27(8ttc; apples, evapo rated. U'c: prunes, SOs to 60s, 148-20e; AOs to 100. Unfile; peaches, extra, choice to fancy, 18&21e; seeded raisins, choice to fancy. 24 2 5c. K Apple Grading Plan Spokane. Wash., Dec 18. The three-grada plan of apple marketing in Washington for the year 1021 was adopted this afternoon at the an- ; mnl meeting of the Washington State Grade and I'sak conference. Washington apples next year will have three grades, extra, fancy, fancy : snd the C grade. MARK SHIPMENTS TO FOU HIOHCST PRICKS PROMPT PAT Writs for Prices DAIRY BUTTER CRIAM fOOt CCMPAKI POKTIANQ. OR. WE PAY CASH For Poultry, Butter and Eggs. 10 per lb. eo Hogs and VsaL S per cent emulation oa eora and other farm products. CAPONS Writo us regarding Capons. Top prices guaraateed. Ask for Shipping Tsrs. CRESCENT MARKET 244 FIRST STREET RIP. STATE BANK Ship us or write for prices on Egg, Veal; Hogs, PotitoeSi etc bet us quote you prices for groceries- Call or send us a list of what you want. We can save you money. ORIEN VAN SCHOONHOVEN 193-193 2nd. Cor. Taylor. Portland HIDES, PELTS,WQOL Casrara Bark, Sletals, Robbers : Writs for prices and shipping tags, L. SHANK & CO. 81S Tront MrttU Portland. Oregoi Writ, for Tags mi rresLal SULLIVAN HIDE & WOOL CO. 144 Front EL" ISSUE NO. 68 1 itjjwr-s iSU SaWatTses mi Price IM -311 A GOOD DEMAND FOR HOGS AND VEAL W V II r an ymAwwa - ii..Vt -2. J2S1Z i TS.... IRil T. i215gl POULTBV Heavy Hens lights i's a'dh'J Heavy Spring , .3ol5l Light Springs WE WANT Wrinc Trativ. . Sheridan-Beckley Co., Inc. ' . FBCITS A5D PROUCCB Phone Mam 7922 211 Washington St. serJsn, Pot.. b&TO'b: ,vy.a.u,a,:. When you ship your Dressed Hogs and Veal, Poultry, Eggs and Hides to us you can depend upon market price less 5 for selling. We are strictly a Farmers' organization and want your shipments. Write for quotations and shipping tags. TRI-STATE TERMINAL COMPANY Fourth and Couch Streets, Portland, Or. CMAR-ICET T ' rj BASK.ET UXTA1L. PRJCZJ. Oranges and apple are cheap, com paratively speaking, and within a few days retailer In" the down-town dis trict will be more cloaely following the sharp declines In the wholesale price of the former. On the basis of wholesale prices to day retailers should be able to sell very good oranges to consumers at 40 cents a dozen. One large apple house is advertising: the fact that it 1s selling extra fancy Spitsenberg apples at le each by the box. There are about 175 apples to the box, of this stock, just the size that the kiddies would appreciate most. , Columbia river smelt are being caught in slightly increased volume and the price is slowly dropping. Only the "seout" run has been in the river as yet, the., big school still being absent. Kggs continue to drop In price for fresh offerings and the difference be tween fresh and storage prices is there fore very small. ' ' The following pricw ruled generally in retail sltoiw for good Quality. Home values sre frac tionally higher , snd inferior stuff fraetioosJly lower:- Butter Bet creemery, 58 60c. KsS Fresh laid, extras. 70fe 85c per dozen; extra pullets, 75e. Poultry Chicken, dressed, 85 40c per lb. Fish Salmon. 25 80c lb; halibut, 80e per lb. .Flour Best local patent, $2.80 3.00 per sack. 40 lbs. Potatoes Barbsnkt, 2c. Onions 2c . , WIXLOCK EGO PKODLCERS - PROFIT AT LOWER PRICE Winlock, Wash.. Dec. 18. The Winlock branch of -the Washington Cooperative Egg and Poultry association held t eery successful meet ing here Wednesday afternoon. president Holt of the state association,' John Kreb, manager, and Mr. Ouffey. one of the directors, were preeent, h spite of the drop of 15c in the selling price of eggs for last month. pouLrymen sre making as much profit as last year at this time on account" of the decreased price of fevd. On Tuesday the first full car of extrs choice eggs to go direct to New York from here for several montli was shipped out. Local Manager Oodwin states that plun for greatly increasing the local branch will be announced shortly after the first of the year. Chicago Dairy Produce Chicago, Dec. 18 tt N. 8. ) Butter Ite oeipi6188 tuba. Extra firsts, 51c; tirts. 87 0 47c; packing stock, 15 22c - , Eggi Receipt., 1265 case. Current re ceipt., 57 4jp63c; ordinary flr.ts, 693e; firsts, 7tttc- extrs, 6t3 57c; check. 4147c; dirties, 45 g 54c. Chisee Twins, new, 21e; Daisies, 22 22 c; Young Americas, 24 Si & Ztci Long horns. 23(g24cj brick, lc ptr lb. Live Poultry Turkeys, 8c; chickens, 20 28a; springs, 28c; rixx-ler., ISc; gdee, -lc; ducks, 26c per lb. Will Advertise Apples Spokane," Wash., Dec. 18. Plans for s mem bership of 69 per cent of the Wenatcbee growers, a fundot $150,000 to be spent in advertising a standard brand, arrangements to create a work ing surplus large enough to meet all require ments, and the establishment of connections in the east to handle a Urge pereenuge of the tonnage, hare been completed by the Wenatcbee District Cooperative association, according to H. U, Bolke, president of the nevily turrutd Trait growers' association, who Is in Spokane. ailnneapolls-Dslntfe Flax Duhith, Dec 18. (L N. S.) FTsx Dec, 191; Jan., 182; Usy, 205; track snd arrive, 186. Minneapolis, Dec 18. Flax Track and ar rive. 195 H 196 Vs. . Cbleago Potato Market Chicago, Dec 18. IL N. 15. ) Potatoes Receipts. 15 cars. Northern Whites, $1.35 1.50; bulk, $1.45 (81.60; Idaho Rurals, $1.50. Naval Stores Market New York, Dec 18. (I. N. 8.) Turpen tine Savannah, 92 H : no sales. New York, 78. Rosin Savannah. 1100; Hew York, 850 875. . - Brown & Co. WHOLESALE PRODUCE ; 310 Hoyt St., Portland, Or. WE BUT Livestock, Hog, Cattle and Sheep, Dressed Hogs Butter and Eggs, Live and Dressed Poultry - Potatoes, Onions and' Grain All Kinds of Produce ; WIRE OR WRITE rs WHAT TOT HAVE WE ARE CLOSE TO ALL DEPOTS References: State Bank of SU Paul, Oregon Ship Dressed Poultry to or rive here not later than December 22 ' ' Gullickson & Co. ; Established 1912 109 Front St., Portland, Or J SAT.. DECa 18, 11920 vea . Kancy Veal. Heavy SCARCE l White Pekln "Ducks.' Colored Ducks 252Te .......SOf 35 .......2530 . 11'' 1 '1! LI 1' ' ' L! 'L "' 97 uecse XmasPowtry BIG SHORTS COVER IN WHEAT MARKET SATURDAY W BEAT M A EKE T Bid. Loss. Hard white Soft white '. White elnb . Hard winter or. spring Red Walla , $1.9 ; ic 1M Se 1.48 SOBTHWEST GKAI.V RECEIPTS i Wheat. Barley. Flour. Oata. Hay. PSrrUnd. Sat... 40 ... 4 8 Tear ago .... 8 1 13 2 10 Total this week.. 278 4 18 12 82 Year ago , . . , S3 8 27 5 18 Season to date.. 8245 ) 424 288 1114 Year ag ....4875 .125 2052 344 801 Tacoms, Friday.. 4 ... -4 2 ... Yesr ago .... 13 ...... Season to data. .8970 44 502 72 510 Yesr ago ....3614 60 ... 118 532 Seettie, Friday.. 12 ... 2 8 Tear ago .... 18 ... 3 4 ... Sesvm to date.. 2947 185 100 243 fl2 Year ago .,,,3443 170 408 410 747 By Hyman H. Cohen Word comes from Chicago, that the big interests, who were so persistently bearish for months regarding the wheat price, hav actually started to make a determined effort to get under cover. They are today gazing at the handwrit ing on the wall and are no longer selling short. Indicative of the somewhat better trend in the trade generally and especially so in the Pacific Northwest . as the fact that Montana flour, which has beerf the bugbear of Die local trade for some time past and has been sold at prices below the, local patent, is today removed entirely from the bargain counter. Such . action, can-' only indicate on. thing that the Montana product has been cold en tirely too cheap and that millers and grsin interests of tost state now realise it. In fact, it begins to look as if all flour is today t. Hi cheap and it would not be at all sur prising in view of the wtiest situation for the former to advance. In fact, I would go even farther than that I would ssy that ' were it not . for the fact that an advance in flour would greatly stimu late the demand and probably fore wheat much higher, millers today would b. quoting higher figures on the ground product. PLOl'H Selling price, rati! door: Patent, $9.8Q; Montana spring fvbeat, $10.20; Willam ette valley brands, $8.15: local straight. $7.00; bskrrs local, $8.75; granara. $8.00: whole wheat. $8.20- Pric. for city deliveries, 15c extra: suburbs., 20e extra, HAT Buying price, nominal. Willamette timothy, fancy, $20.00 80.00 per ton; -clover, $22.00; cheat, $23 00; straw, $13.00 914.00; grain, $25.00; alfalfa, $22.00 28 00 per ton. . UKAIN 8ACKH Nom naL So. 1 Cslcutta. 10c. domestic, lie, ia car lots; less asauuaU higher. UlLLaTrrrS Mill run at mill, sacked, ton lots, $37.00 pee ton: carloads. $5 A 00 OATS Per ton. buying price: Peed, $33.00 g 38.00. st ' HA U LET Buying price: Feed; $30.00; mill ing, $30.00. - SEED Buying price, ncmlnsl; no ''demand. Red clover, reclesned. ( 1 per lb.; alsiks t ) I vetch, t ). - , FKEDSTl'FTS P. O. B. mills: Boiled bar ley. $5100; atfalta meal. $32.00; cocoa nut meal, $37.00; cracked corn. $52.00; whole corn, S49.0O tun; hcrateh feed, $65.00; suy bean meal. $57.00; lin.-eed meal $74.00; whole oats, $50.00: rolled oats. $53.00 per ton. UOI.I.KIi OATS Selling price. $10.00 bbL Merchants Exchence bid-: WHEAT lec. Jan. 165 158 159 155 155 150 3200 3100 3200 3100 3400 3400 Feb. 105 157 157 155 154 130 3200 8100 8200 3100 8400 3400 Hard white . . v . Soft white White club . . . , Hard winter . . , .Northern spring lied jfc alla No. 2 white . ; . No. 2 gray . . . . Brewing Feed. , . . 110 158 ..... 1S8 ..... 155 155 1 50 FEED OATS 3t)'l St'Kl BAKLKY ..... 3200 R100 COR No. 8 eastern tilk),. 34s0 No. S local (bulk) 8400 WHOLESALE JOBBING PRICES These sre price, retailers pay wholesalers, ex cept as cthcrwis. noted: Dairy Products BETTER Selling price, box lots: Cream ery, textraa, parchment wrspped. S-tc per lb. Jobbing prices: Cubes, extras, 4 8 50c per lb.; deiry, buying price, 80e pee lb. BJ'TTElilAT Portland delivery basis. 50 65ie. nr-t gTade; country stations, 44 47c. CHEESE Selling price: Tillamook, fresh Oregon fancy triplets. 33e per lb.; Young Amer icas, 34e lb Prices to jobbers, f. o. b. Tilla mook: Triplets . 80c; Young Americas, 81a Selling price:. Block Swiss, 48 94 be; limburcer, 40 42c per lb. EGGS si- Buying prices: ; Current receipts, D53(56c doa.; csndled. telling price, 60(gb2c per dox. i eeleet, 6865o per doa. LIVE POULTRY Selling price: Heavy Hens, 27 28c per pound; light hens, 19 20c per pound; srftings, light, 24 25c;- heavy, 21e; old roosters. 12 14c per pound; turkeys, live, 85 37c; dressed, 43 50c; ducks, 30 35c; geese, 25c Fresh . Veastables and Fruit FRESH FBCIT Oranges, $3.50 4.75 box; bananas, 12 H 13 He lb : lemons, $4.7$ 5.25 a crste; grapefruit, Florida, $8.00 (a) 80: California. $3.u0; pears, $1.50&2. 80; grapee, 20c per Pa. ; Jap oransas, $3.00 bundle. APPLES New, $1.00 8.25. DRIED FRUITS Dates, Dromedaries. $7.88; rants, $3 60 per box; figs. $2.00 4.00. ONIONS Selling pnee to retailers: Local, $1.50; garlic. 16c; green onions. 40c doaen bunches. . POTATOES Bellini price: Oregon fancy. $1.60 1.75; sweets, 4fc6e per lb. BERRIES Huckelberries 18l8e lb.; cran berries, local. $6.00 g 6.25 per box; eastern. $19 00(8)20.00 bbL VEGETABLES Turnips, $2.00 per sack; carrots, $1.90; beets, $1.75; lettuce, $2,604 3.26 . per erst.; cucumbers. ( ) ; tomatoes, California. $3.50 94.00 per lug; egg plant. 15 fe20e; broccoli, $1.50 91.75; beU peppers, 15 lTHc lb ; celery. $1.00 per doa.; Hubbard aauash, 2 jp 2 H e per lb. Mast and Provisions COUNTRY MEATS Selling price: Country hogs. 16 B IS Ho per lb- for top blockers; heavy, 18 g 14c; veal, 15 Vk ft 1 tic lb.; heavy vssl, lc per lb. -m SMOKED MEATS Ham. 2633o per lb.; breakfast bacon, 81949c. LARD Kettle rendered, 26. ib.; tierce basis, compound. 18 He. Fish and Shaiflsh V FRESH F1S11 Froeen steelhead, 18e per lb.; frozen ehicook, 20c; bslifaut, fresh, S4e; sturgeon, ( ); black cod. 11 12c; kippered salmon, $2.50 per 10 -lb. , basket; kippered i-xi, $2.85; rsior elams, ( ); crabs, 12.79 01.71 per dozen; ling cod, 6 0 Bo per lb. OYSTERS Eastern, per gallon, $6.0t Ofempia. $5.60. , ' . Groceries SL'QAR Refinery basis: Cube, $10.75; fruit and berry, $9.00; D yellow, $8.40; gran ule ted, $9.00; extra C, $7.80; golden V, $8.50. , HONKS N.w. $8.00 per ess.; bulk, law par In. RICE Japan Tftyle, No. J, 4c; Blue Roae, 9c Per lb.; New Orleans hsrd. 11c. SALT Coarse, naif gronnd. 100s, $17.21 per top: 6 (is. $18.75; table dairy. 60s, $27.23: bales. (3.50 94.00; fancy table ' and dairy. $$4750; tump rock, $20.60 per ton. BEANS Bale by jobbers; Small whits, 6o lb.: large white, 6c; pink, 7a per ib.j limsa, 10c; .bayou. 8e; reds, 7 We; Oregon beans, buying prices, nominal, CANNED MILK Carnation, $4.00; Borden, $6.00; As tor. $5.90; Esgle. $12.50; Libby. $1.80; Mount Vernon, $6.90 par case. COFFEE c AuxL.trd. 190 42c Is seeks Of drams. SODA CRACKERS- In bulk, 18c per lb. NUTS Wslrmts, 23&26e per lb.; almonds, 27sc28e; filberts, 32c in sack lots; peanuts, 14 is tolWj ptcarto, 26c; Brazils, 85c, Rope, Falst, Oil ROPE Sisal, dsrk, IBg; whita. 18. per J..' standard -mantis, JJ8 c UNSEED OIL Raw, bbls., $1.01 gals ket tie boil.d, bbl., $1.08; taw. easss, $1.16; belled, case-. $1.18 par gallon. . COAL. OIL Pearl or water white, in dram er iruu barrels, 11 Ska galloD; oaaac, 30. p iASOUNE Iras barrels, 20; eases, 4 1 t a ' High Price for Eggs Ashland. Dec. 18-- The. Ashbelent Esg so ciety sold throogh the Ashland Fruit associa tion during the month of November ell eggs at an a versa" of 75c per dozen. There wsa a carctUr- of eggs in Ashland vicinity tbs past month caused by cold weather and rain. San Francisco Poultry Market Ran Francisco Dee. 18. (U, Y. ) Broilers, 40"jf60c; large hens, 33 9 36c; best duvks, 30 Iff 35c. - Xw York potato Market Now York. Dec 18.. (I. N. 8. t Potatoes (in bulk, barrel or bag) Market weak. Nearby white. $2.69 4.25; Bermudas. $7.0011.00: southerns, i50 9g.0o. SSlNAL SATURDAY HOO MARKET Tone Top Portland : ....Nominal ' 9iM Omaha . ? It lie higher $t.9 Chicago i. He lower Kansas City slow , 8.75 PORTLAND LIVESTOCK RUM Hoes. Cattle. Calves. Sheep. Can. Saturday . . ... .-. . ... aao 88 T . - . a I 6 .... . Week ago .... ... 2 weeks ago.. 4 weeks ago Year ago .... 267 2 years ago. . 841 5 years ago. , 883 4 years ago.. 117 100 ... ... 4 142 ... - 9 195 2 . .4 w 132 3 ISIS 14 18 ... 2 Again at the week-end there was prac tically nothing available in the North Portland .alleys to affect the livestock trade one way or the other. .Receipts went mostly td killers. While two loads of sheep went direct to killers on previous country purchase, there were only a bsndfuK of new arrivals available forthe opening market at North Portland Saturday. Trad, conditions appeared steady. (ienaraj sheep market rang.: East of mountain .lambs ..... Willamette vsOei lambs . T.00 8.00 . 6 00 9 7 00 . 6.00 9 6.00 , S.O0 9 6.00 . 6 00 7.00 . S.00 9 6 00 . 1-00 0 4.00 Cull lambs Feeder lambs ............... Yearlings .................. Wethers Ewes No Swine Arrivals In the- hog alleys there was nothing at all offering for the week-end trad, at North Port land. Trend of the market appears about steady at the previous price list. General hog market range: . . Prime mixed ...I .60910.85 Smooth hesvy 9.25 0 9.76 Rough heavy 7.00 0 8.85 Fat pigs 8.60 0 9.86 Feeder pigs , '.. 7.60 0 9.00 CaUla Also Absent No cattle came to the Saturday market at North Portland and that branch of the trade continues to reflect a steady tone with former prices remaining. General catue market rang.: Choice (teen ,........$ Good to choice steers ......... Medium to good steers. ........ Fair to food steers Common to fair steers ........ Choice cows and heifers ....... Good to choice cows and heifers. Medium to good cows and heifers Fsir to medium cows and beifece Common sows end heifers ..... Csnners 8.KO0 8.79 8 00 0 8.50 7.60 0 8 00 7.00 0 7.5f 6.00 0 7.00 6.60 0 7.00 6.00 01 700 4.60 0 6.00 00 0 6 50 4 00 0 8.00 2.60 0 8.60 6 00 0 6.00 12.000 13.00 6.00 0 7.60 10.00 0 11.00 0.00 0 10.00 6.60 0 7.25 6.75 0- 6.75 Bulls Choice dairy calves Heavy calves Best light calves ....... Medium light calves . . . . Choice feeders Fair to good feeders Friday ATtsraaen Sales COWS No. 1. 4. Ave. lbs. . . . 450 . .. 780 Price. I No. $ 6.50 I 1 Ave. lbs. . .. 860 Price. $ 3.00 2.00 1 CALVES f 4.00 I 2.. 10.00 I 3. . 1. . 2. . 1. . 11. . 4. . 173 80 195 $ 6.00 HOGS . 635 $ 7.25 A T. . . 870 8.00 7. . . 94 8.50 10.. . 125 0.00 1,. 245 $ 9.85 214 10.00 159 10.00 100 10.00 2. ... 230 8.00 I . Saturday Morning Salsa CALVES 2 119 $10.00 I 2.... 120 $13.00 YAKIMA POTATO MARKET SHOWING 2TO MOVEMENT Yakima. Dec. IS. With about 1600 cars of Yakima valley potatoes rolled to market, shippers in touch with the situation estimate that to ere still remain from 1350 to 1600 cars that are being held in common storage with the expecta tion that prices may be better alter the nrst oi the year. An average of $30 a ton is placed on that portion of the crop marketed, with a predic tion that the remainder will not maintain that avers tre in the clean-up of the crop. Last yesr the average pric. received to Iecember 15 was $40 a ton, with about the same amount market' ed; but the demand wsa strong and the pric jumping $10 to $20 a ton each week, the peak being reached at sales at $110 a ton. There is no market at the present time. Of the stock re maining about 40 per cent is No. 1 Yakima Gems and the remainder No. 2 on the government grade. AMERICAN LIVESTOCK PRICES Omaha Hog $9.00 South Omaha, Dec 18. tl. V. S.) Hogs Receipts, 3700: strong to lae higher. Bulk, $8.50 t 8.90; top, $9.00. Cattle Receipts, 150; compared with week ago: Beef steers and butcher cattle. 76e to $1.00 lower; veals. $2.00 0 2.50 lower; stack ers snd feeders, generally 50c lower. Sheep Receipts. 1800; today's trade nomi nally steady. Top lambs. $9.50; ewes, $4.00; compared with week S30 iamtis and yearlings $1.50 & 2.00 lower; sheep, $1.0001.25 lower; feeding iambs, 60c lower; feeding sheep, 60 0 75c lower. Chicago Hogs $9.80 Chlcaar.. Pec 18. (I. N. S.) Hon Re ceipts, 8000; steady to 10c lower; bulk, $9,00 0 9.25; ton. $0.50; heavyweight, $9.00 0 9.15; medium weight. $9 05 0 9.25; light weight. $9.1009.40; light lights. $9.2599.50) heavy packing sows, smooth, $8.75 0 9.00; packing sown, rough. $8.75 0 8 85; pigs, $9.00 0 9.50. Cattle Receipts, 1000. Sheep Receipts, 1000. Kansas City Hoot $8.75 Kansas City. Mo.. Dee. 18. (L N. 8.) CatUe Receipts, 600; dull. Steers. $8,40 0 13.00; cows and heifers, $6.00 010.50; stackers and feeders, $7. 0009. 60; calves. $6.0009.50. Hogs Receipts. 400; slow. Bulk. $8,50 0 S.75-. top. $8.75. Sheep Receipts, 500; dull. Lambs, $7,00 0 10.85; wethers, $4.50 06.13; ewes, $4,00 0 4.25. Denver Moss Nominal Denver. Colo., Dec. 18. (U. P.) Cattle: Receipts 50; steady. Steers, $7.00 09.60: cows and heifers. $4.50 06 60; stackers and feeders, $6.00 0 7.75; calves. 17.00 011-60. Hon Receipts, 150; steady. No quotations. Sheep Receipts, 20(1 steady. Lambs. $8.25 0 8 76; ewes. $2.7504.00; feeders, $8,000 8.73. aattl.Hoflil10.7S Seattle. Wash., Dec 18. (I. N. S.) Hogs Receipts. 170. weak: prims lights. $10.25 ia 10.75; medium to choice. $10.25 011:25; rough heavies, $7.25 0 7.76; smooth heavies, $9.25 010-25; pigs, $8.60 010.00. Cattle None. Sueep Nona. . . 4. DAIRY PRODUCTS OF THE COAST Seattle Market Seattle, Dec. 18. (U. P. ) Butter City creamery cube., 52c; bricks. 63c Eggs Fresh ranch. 66c; pallets, 4Se. ' Milk $1,70. Cheese Triplets, 30c. Los Angelas Market I xs Angeles, Cel.. Dec 18. (I. N. S.) Butter 34c Eggs Extras. 68e; case count. 66c; pullets. 64c; peese, 69c Poultry liens, SD0 33e; broilers. 404Se; frjers, 40c. i POTATOES ALOSO THE COAST Seattle Market Seattja. Dec 1$. (U. P.) Potatoes Yakima Gems, $40.00 0 42.00; local. $26,00 0 80.00. " San Franeisee Marts Ssn Francico, U. P.) River White, $1'.60 1.75; ttsliayu, $3.36; sweats, 14.40 per hun dred. . Onion, w Yellow and white. ' $1.80 0 1.76; Australian brown,- 90e to $1.25. Las Angeles Market Los Angeles, Cel., Dec. 18. I. N. S.) Potatoes Stockton Burbanka. $1.75 09.15, ac cording taw quality. Idaho Unseats, $1,85 0 2-00. local aosUy 90s 9 $1-00. ; Jfew Tork1 Butter snd Effg$ Sew York. Deo. 18. (L N. S.) Batter Market firm; ereamery extras. 65 0 674 0; creamery firsts, 430S3Hc; creamery higher scoring, 65 Vs 0 $9e; .state dairy tubs, 'i 0 52e; renovated extras, 40041c. Chassis Market eulet. 24 0 2 Sc. State Whole milk specials, 22 0 25c: wbpie milk fancy. 20 0 3 1 "s a. Wisconsin Whole I m!. fancy Youn$ Americas, 27 029c. State ETifms, spe cials. 1802Oe skims, choice, l017He; skims, choice to good, 12 014 Vo. E Market steady; nearby white, faacy, 84j86e; nearby brown, fancy, 17 0 Tie; ex tra, 7 c; firsts 73 0 74c. ew Yerk Rsgsr aad Colfes New Tor. Dec. 18. (U. P.) Sugar, aniet; raw. 4.63; refined, easier; granulated, 7.90 0 8.00. Coffee Spot a 7 Bio. OH 06 He; No. 4 Santos, 9 10c. , . 8a Fraaelseo Cash Barley Saa Francisco. Dec. 1 .. I U. p. ) Barley. Spot, feed. Nor Percental. $1.85 01.40: ahin- pw$. $1.65 01.60. HEAVY TONE IN F Xew York, Dec. 18. (I. K S.) The stock market closed weak today. Pres sure continued right up to the .cloge, although some Issues rallied from the. low levels. American' Beet Sugar, after selling down to 35, advanced to 8$. J Mexican Petroleum, after yielding to 165H. came back to 157 A. a loss for the day of over 3 point. TJ. a Steel held fairly wll. yielding only to 78. Baldwin fell 1 point to 86H- The rails were weak, Reading and Southern Pa cific falling over 1 point. Sears-Roebuck made a low for the year at SSVi. closing at 88. 'Houston Oil, after selling-up to 72, dropped to 65 and then rallied to a closing of 67. Government bonds unchanged ; rail way and other bonds weak. Total sales of stocks today were 526, 700 shares ; bonds, $9,181,000, Total sal.es for the week were 5,389, 300 shares ; bonds. 8125,831,000. ', New York. Dec 18. (L N. S.) The stock market opened steady today with fractional gains and losses being about equally divided. Steel common rose 8i to 794 and Crucible rose V to 8194. American Beet Sugar was again in supr ply. and after - advancing i to 3Ji4, dropped to 38. American Sugar sold off nearly 1 point to &ZA. Mexican Petroleum roe to 1 60 'A and then yielded to 1594. Pan-American Petroleum dropped H to 76. Royal utch fell to 88. . The railroad stocks were ia fair demand with some of them making moderate sa.i.t. Reading was np to 82 H aad Soutiurn Pa cific advanced "4 to 974. At the end of the first 15 minutes tli? mar ket turned heavy with Atlantic Gulf and West L under pressure, declining 2 H to 105. Amer ican Woolen yielded nearly 1 point to 60S, Furnished by Overbeck t of Trade building: Cooke Co., Bosrd SHARES IS ORCED Seles. I STOCK. 1 High. Low. 1 Hid. 400Alaska Gold ...... I i , 800 Alaska Juneau.. . . 1 Vi 1 1 2200 Albs-Chalmers .... 28 38 28 hi 3800 Am. Beet Sugar . . 89 Vi 85 80 700 Am. Can Co. . . . . . 22 22 22 Vi 12500 Am. Car . Fdy. .. 122 1204 120 H 200 Am. Cotton Oil .. . 17 17 164 100 Am. Express 112 112 112 300 Am. Hide A Leatherj 6 6 '.4 Am, Ic. , 80 2800 Am. Intl. Corp. .. 864 85 35 Am. Linseed 49 S600'Am. Loco . 81V. 78 Vi 79 900 lAm. Ship. A Com. . 84 8 a 84 SOOOiAm. Smelter ..... '894 39 Vi 30 Vi 300 Am. Steel Fdy 284 28Vi 28"4 1900 Am. Sugar .. 83 83 Vi 63 Vi 700 Am. Sumatra .... 684 68 68 1000 Am. Tel. & TeL... 98 974 9T 300 Am. Tobacco 111 1104 111 200 do "B" . 108 2500 Am. Wool .... 61 Vi 80 4 614' 200 Am. "Zinc .... ( 6 6 Anaconda 35 35 5 100 Associated Oil 87 1600 Atchison 79 "4 79 79 H Atl. Coast Line 86 7400 AtL Gulf & W. L . 106 Vi 103 103 4 6400 Baldwin Loco 87 86 Vi 86 Vi 8900 Balto. & Ohio.... 824 31 S1V4 Beth. Motors 24 Booth Fish 8 Vi 400 B. R.T 94 94 94 600 Butte C. eVZ 44 4Vi 44 800 Butte St Sup. 8 4 8 i 8 4 IBOOCaddoOil 12V 11S 114 1700 Canadian Pae. .... 1124 1114 1114 400 Cent. Leather ... . 35 4 35 35 4 2400 Chicago & N. W... 67 654 6 "4 400 Chicago (it. W... . 74 7 4 7 Vi 2300 Chile Cop. . 0 84 84 2300 Chino .'184 18 18Vi 7300 C, M. St- P... 26 25 25 8000,'C. & O 554 54V4 54 4 eOOIColo. F. 1 26 25 25 200Coh Southern 26 25 25 . Col. Gas tc Elec 54 V4 400!Con. Gas 774 774 774 2300!Corn Prod 64 H 64 v 64 200jCosden Oil ...... 27 2714 27 tt 1700 C. R. I. & P 29 244 244 1400 Crucible 824 81 81 -4 Dome Mines 10 . 400ID. A R. G. ..... . 1 1 Tt 1900 Eri. .i 12 4 12 Vi 124 ..... Fed. Min. & Smelt 5 ..... Gaston Wms. 2 Gen, Clgsrs 54 800 Gen. Electric 119 118Vi 1184 1000 ;en. 5Iotor 134 13 13 4600 Goodrich 33 Vs 32T4 82 tt Granby IS 900 Great Nor. Ore... 26 Vi 25 23 2200 Great Nor., pfd. .. . 72 Vi 72 72 100 Greene Cananea .. 17Vs 17 tt 164 600 Gulf S. Steel 80 Vi 294 284 Hask Barker 64 Vi 2000 Houston Oil ' .... . 73 65 67 Vi "00, Illinois Cent. .... 83 81 82 15 001 Inspiration 294 29 Vi 294 SOOilnterboro 3 4 800' Interstate Callahan. ( 5 tt 84 6 tt 1500IInt. Hare. . . . 95 tt 95 95 tt 300 Int. Mere. Marine,' 11 tt lltt 11 tt 2300Int Nickel , 12 tt 12 tt 12 4 2700IInt, Paper 474 464 47 tt 1100 Invincible Oil . , . . 22 Sltt 214 8 4 00 1 Island Oil ...... 4 4 4 4 4 tt 1!00K..C. Southern. .. . 17 16 164 4800jvrnnecott 17 164 -164 600Lbigh Valley 58 62 51 4 100IL. tc N ...... 97 tt 18200iMex. Pet. , 160 155 157 tt 800 Miami 15 15 tt 15 700 Middle States Oil.. 12 lltt 11 4000 Midvsle Steel 80 tt 80 30 700 M . K. & T. . . .. . 3tt 9 3 1800 Mo.. Pacific 17 "4 164 16 600 Montgomery-Ward . 14 tt 14 14 1400 Nevada Con. ..... H 84 8tt 2500 New Haven ..... . 16 154 154 1200 Norfolk & West... 9 4 9 5 "4 95 2900 Northern Parifte. . . 76 75 75 tt N. Y. Air Brake 81 1100 N. Y, Central .... 68 67 6 Okla. Trod. ref. . .. 8 500Ontario A West... 16 IStt 18 1100 Pacific Dev. 13 12 tt 12 tt Pae. Gas & Elec 47 4200 Pan Amn. Pat. ... 76 74 tt 75 2400 Pennsylvania 894 '39 89 2700 Peoples Gas .v 84 tt 32 324 800 Pure Oil . 32 82 82 ,200 Pierce 041 10 10 tt 104 BOO Pitts.-A West Vs.. 27 26 26 200 Pr. Steel Car...... 79 78 77 tt 8800 Pullman 99 tt 874 98 2200 Ray Cons. .11 11 lltt 5700 Reading , , 82 14 80 80 9000 Republic I. A S. . 69 tt 67 57 1200 Royal Dutch Oil.. 58 tt 55 56 800 Ry, Steel Springs.'. 79 79 78' 200 Shattack, Aris. ... 6 5 5 0900 Sinclair 23 23 28 5700 Southern Pacific .. 07 96 85 tt 15700 Southern Railway.. 20 10 10 280S8. L. A S..F. .... 20 18 19 2400 Studebaker 40 39 89 Swift A Co ..... 100 1900 Tenn. Cop. A Cham. 7 7 7 6900 Texas Oil , 42 41 42 tt 8200 Tex. Pac. C. 0-. 84 334 3-3 200 Tobacco Products , 50 . . Transcontinental Oil 7 6 6 Union OU Del. ... 20 20 tt 20 tt 2500 Union Pacific . 113 114W114tt . 16O0IU. S. Ind. Alcohol. 63 63 63' 2200 U. 8. Rubber ...i. 61 61 61 400 U. 8. Smelting .... 82 81 32 11700 U. S. Steel ,. 70 '78 7-8 2000 Utah Copper 484 47 47 200 Virginia Chem. ... 80 80 30 4000 Vanadium Steel ... 87 36 87 1800Vivandou ., 6 5 6 llOOiWabash .......... 7 7 7 2100 Western Pac 26 26 26 I Western Union 82 700iWotgh's. K. M. 1 41 . 'Willys-Overland 5 5 .5 800IW. A U E. 8 Sleo of stocs" ti.r the weea were o.aMI,;0( bares and bond eusines. reached $125,831,000. Xsw York Bond Market Punrished by Overbeck aV Cook Cc, ef Trade building; Bid. Baltimore A Ohio Oold 4s. ... , 64 Betil. Steal Ref. 5e 77 Central Iacific 1st 4 1 72 C, B. at VI. Col 4a - 95 St, Paul Gent 4tts $4 Chicago N-W. GenL 4s 70 L. K. TnL 4s 79 Mew York Ry, R 18 Northern Pac. P. U 4i 71 Reading GenU 4 ........... 78 Union Pac 1st 4s .......... 80 V. S. Steel 6s 90 Union Pac. 1st Ref. 6s , 73 Southern Pae. Cone. a. .... . 07 Southern Pac Con. 4s , 79 Penn. Cone. 4s .... 76 Vi . Pena- 1U llii K8V Chea. aV Ohio Cone. 5s . . . 80 Board Ask. 64 77 72 96 85 77 79 tt 24 74 79 80 90 73 97 79 77 04 ei w Yerk Bank Statement New York, Dec 18. L N. 8.) Btnk statement: Average Loans, Inrreabed $61, 620,000; demand deposits, increased $94,580. 0OO; time deposits, decreased. $6,198,000; re serves, increased $9,913,720. Actual Loans, increased $11(,576,000: de mand deposits, increased $12,464,000; time de posits, decreased $8,416,000; xnearvc. de creased $3,033,710. Chicago Wheat Is Hijhef at Start . Oi Saturday Trade '1 " r- ' Chicagip, Dec 18. L N. S.) Trade in the grain market was Inclined to be'list less today, with the market displaying a strong undertone early, particularly for the deferred months. Prices eased off some at the close, due to week-end even ing up sales and a falling off in cash premiums. Provisions rule lower on re ports that foreign countries were trying to resell previous purchases. Resting prices for December wheat were at Ideclines of e ;' March' dropped Vkc to 4c and May 04e higher. De cember eorn was V4 c lower. May 14 l4c Higher and July le advanced. December oats gained c, May 0 He and Jul c up. j - .1 - . Chieagot Dee. 18. ( I. N. 8.) Baying power in wheat '.was disappointing at the opening of the board of trade today and this attracted sell ing pressare, forcing- lower vslses after toe start. At the opening March was e higher to le lower and May to iie higher. Trad, kn eorn was l:ght and mixed. Decem ber wss to e higher; May, unchanged te e higher and July to higher. Sell ing increased after the opening. , Commission 'houses were the best' buyers of oats, firt prices being tt c higher for Decem ber, to ttc higher for May and e higher for July, i Provisions started dull and lower. i. Range of Chicago prices as .furnished by the United Frees: . I WHEAT Open. High. Dee. ...J.. 169 172 March . . . 163 166 tt May ...... 160 161 Low. 168 162 158 68 71 72 46 48 48 156 142 Close. 169 163 159 69 74 78 46 48 48 157 142 . . . . .. . 4. .. . ,1. . . . CORN 70 70 71 78 72 74 OATS 46 47 48 49 48 48 BYE 157 158 142 144 Dee. May July Dec. May July Dec. May Dec. May 4 BAULKY 67 ..... ..... 68 71 ..... ..... 73 i PORK Nominal Jan. . Jan. May 2240 1807 1832 1120 LARD 1340 1870 1342 1802 1823 1J20 1180 1370 RIBS 1142 1205 .2 hard Jan. ...... 114 May ...1.. 1205 1182 Cash Wheat No. hard. $1.76. $1.76; No. 8 Cash barley 79 002c. SOUTHER HEDGE SELLIXO IfORCES LOSS IN COTTOST New York. Dec. 18. L N. 8 1 A renew al of Southern hedge selling caused heaTiaess at the openuig of the cotton market toady. A de cline of 6 to 15 points in first prices was fol lowed by further losses so that at the end of the first '20 minntes the market wsa about 13 to 17 paints lower on active ooaitions. To some extent bearish weekly statistics op erated agamt new buymg and there was con. tinucd anprehension over outside conditions. Ad vices from the South again denoted a poor de mand fort the spot article. The market was weak toward the close under liberal offerings. The final -one was barely steady, with price, showing net losses of 10 to Ztt points. Spot eotton was quiet today, 85 points lower. at xa.oa; no sales. Jan. .4 1533 1540 1616 1616 Msr. ...... 1525 1530 1512 1516 May ...... 1530 1539 1622 1525 Jo'y 1537 1548 1580. 1830 Oct. ,.... 1544 1550 1535 1533 Dec. .4 1525 150 1513 1512 Standard Oil Stocks , Furnished by Overbeck It Cooke Co. Board of Trad bullaing: losin Bid. A"kedV "Rnglo .1 Borne Serjramer Buckeye t . . . . . . . Cbeesebmugh .. - do pfd Continental . . . . descent! Cumberland ......... . Eureka-. i. . ........... Galena c Galena tj'd pfd. ...... Oalono New pfd. Illinois jPipe Indiana rPipe Nationaf Transit New York Transit .... Northern Pipe , Ohio Oil International Petroleum Penn. Mex. , Prairie tl .. . , I'rairio Pipa Solar Refrigerator Southern Pipe . , South Pmn. Oil . S. W. Penn. Oil S O. .California ., S O. Indiana . . . S. O. Kansas .... S. O. Kentucky .. S. O. New York . S. O. Ohio 8. O. Ohio pfd.. . Swan At Finch .., Union Tank do ptd ....... Vaenunv Washington 8. O. Nebraska .. SHORT TERM "SOTES Quotations furnished by Clark. Kendall ak Co.. Inc. Maturity. 9- 2-24 10. 1.22 2- 1-24 12- 1-28 11. 121 11- 1-22 11- 1 23 4- 1-25 7-16-80 6- 1-45 1-1-21 1- 1-25 7- 15-22 7- 16-23 11- 1-21 11- 1-22 8- 1-21 5- 1-29 7-18-28 0- 1-21 7-10-25 Bid. 8i 08 91 tt 02 Vi 09 V9 90 04 07 99 89 97 04 07 04 01 87 98 6 74 Vi ' 89 tt 87 Aed. 85 04 02 94 H 100 100 . 00 954 07 86 07 04 tt 07 04 01 88 05 67 7 00 97 Am. Cot- Oil 6s . . . Am. T. A T. 6. ... Ant. T,'4 T. 4s .. Am, Thread 6s ... Am. Tobacco 7s... Am. Tobacco 7i . , Am. Tdbacco 7s, . . Angle-Am. Oil 7s Armour? Cenv 7s . Belgian; Gov. 7tt. Belgians Goe 6s . . . Belgian Got. 6s . , Itethl, Steel 7 Bethl, Steel 7a . . . British Kior 5 tt s. . British Gov IHl . CansdUn Gov 6tts Canadian Got 5 tt i Cudahw Packing 7s. Inter H T 7s Japanese Gov. 4 tt Kennecott Op. 7s. 2- J-80 T,isf. Uvers Tob. 6 12- 1-Jl Molin.iPlow 7s... 0-1-21 iloliiie t Plow 7s.. Moline Plow 7a,. Moline) Plow 7s. . Nor. Pae. 4. 7s. Pfcifici Gas 7s ., Swift 6s U. S. Rubber 7. . 1-23 9- 1-21 0- 1-24 6-15-23 1 25 8-15 21 12- 1-23 06 07 88 7 1 EbRElGN EXCHAWOE RATES Csrsectsd daily by the fore lira exchange de partment of the United Stats. National bank. Quotations below, except the pound starting. are quoted oa tb. basis ef 100 twits foreign cur rency i ; OpeSiBg nominal rates oa bant ' transactions - 17 is ...... 400 420 82 . 84 ...... 100 210 98 101 105 110 27 20 ...... 125 135 ' 8 OS 44 47 ...... 02 Prt ...... 93 97 158 158 ...... 83 P5 23 25 ...... -158 163 90 95 ...... 288 287 .. 16 16 ...... S3 38 440 "470 196 200 850 870 . 97 100 .......... 285 240 ! H 62 V. 805 210 67 60 .......... 580 600 420 460 820 325 . 403 420 100 105 85 fit) 100 104 94 97 ,. 280 290 80 35 . J10 430- ! Draft Cabl. Par London Checks. Transfers, Value. Lbs.: sterling. $ 3.49 $ 8.60 $ 4.866 Paris Francs . 8.91 j (.82 19.80 Hambuas-Bremen Marks .... 1.87 i t.3T 28.81 Genoa Ur. . . 3.44 !. 8.45 19.30 Athens Draamas. ... 7.50 ' 7.60 19.80 Copenhagen ' ' Kroner .... IS. 10 15.15 19.80 Christiania 'Krener- .... 14.90 14.03 ' 26.70 Stockholm Kroner .... 19.76 1980 26 70 Hongkong - Curteney . . . 65.25 85.75 .... Japan Yen . . 49.&0 . 40.75 48.84 Shanghai . Tscto ..... 76.00 78.80 . . Sew York Wool aad Hides New. Tor. D-e. 18. (L N S.I Wool Msrkett steady; domestic Oeec. XX OhU. 29 0 32c; eVmeetic pulled eooared bads, 30 0 75c; domestic Texsa scoured basis, 6O0 96e. Hidee Market fair demand; native steers, 18019c; brandad steers, 140l6tte. Stocks, Bos, Cottas, Onla, Ets. 118 jl!V Board sf Trsds BtOdlag Overbeck&CookeCo. DIRECT PRIVATE WIPaES TO ALL EXCHANGES i Members Cbicsgw Beard Trade Correspondgats ef Lags Bryaa .. , CkJeag Sew Verk ' SSn ' ' - t ..... . Pendleton. Dec. 18. Over 50 woolgrowers of the state assembled Friday in annual convention here and heard Jay H. Dobbin, presi dent of the state woolgrowers asso ciation, deliver his address urging stabilization of prices through pub lic channels In market and by legis lation. He denounced curtailment of clothing products and non-perishable food in-the present crisis. "If the wool industry Is to survive there must be an embargo placed on wool and woolen goods, he said, "and this action should be taken by congress Immediately until a fair protective tariff can be placed on wool and woolen goods." - .7 PRICES AB1? EXPLAINED President Dobbin also advocated the modification of the Income tax law. modification of railroad rates where the blanket rise made impossible the ship-' ping of necessary commodities; restor ation of former prices at selllna- center. for the handling of Stock, restoration of horses for hauling until market roads are improved, and a decrease In the fee charged for grazing on national forests, Keviewing the wool industry since 1897. the president of the state associa tion, : himself a prominent woolsrower. traced, the progress of the industry under a protective tariff until lower prices re- suited in 113 due to the removal of the protective tariff. During the war the big foreign demand for woolen goods kept up prices, but on the return to normal demand, woolgrowers all through the United States found their wool in warehouses unable to sell at anything Dut a loss. SEEK LEGISLATION F. TL Marshall, national secretary of the woolgrowers' association-, with head quarters In Salt Lake, reviewed the ac tivlty of the national association so far in this session of congress and described what the association was attempting to ao oeiore tne ways- and n.eans commit tee in congress to present the situation and secure an immediate embargo on wool and woolen goods, secretary Mar shall delivered a comprehensive address and reviewed all the situation of the wool producers caused by the removal of the protective tariff and explained what was needed in t.e way 'of congressional action to relieve the situation. . Vtv A vcrva Titr,r-iir'ri m, m a." J - .v m, ey w vv U7U sV t Frederick Greenwood, manager of the portiana Federal Reserve bank, in ad dressing the association on the subject of finances, stated that the present de cline in prices of various commodities indicated a general readjustment to lower levels and was the inevitable re sult of after-the-war conditions. "The wholesaler and . retailer," sard Greenwood, "In many instances have already taken their loss and are ready to resume on a new basis. .The con-' sumer should be content with moderate reductions and go "back In the market and the producer should be willing to take his share cf the loss and not tie up the business machinery of the country by withholding commodities merely with the Idea of boosting prices." Greenwood pointed out that there had been no restriction of credit, stating that the rediscounts of the federal reserve banks had Increased by over 8500,000,000 during the past year, and that there was every indication that the banks of the country had met the legitimate demands of business -and industry for credits and tw'. rwt'fn' to do eo -provided their customers met them halfway. "The financial condition of the coun try Is fundamentally, sound and as soon as plans re worked out to enable Kuro- Banking Service Your banking- requirements may be entrusted to. , this bank with every xonfidence that careful and ef ficient service will be rendered. THE CANADIAN BANK OF COMMERCE Portland Branch Fourth and Stark Sts. Building for Sale TEN YEAR LEASE TO NET 6 Modern brick buildine; In desirable whoIe$aIe location, occupied by Ions; established, responsible concern. Will arrange five or tn year Tease to net eight per cent. Prlce $65000. No. L-953, Journal. m l?4 Z. S u,Yettlr. -f. -ej -7ffff A.. a . ' KJ " w SHj-asi laTfl aT ' . -Tf 1ft I ' Jr Hf-ejf elaTJv sw I I l h aV i i . ,: TP;: pean countries to buy from us the roods that theyfjpeed, and people realize that a new eraTof prices has come, our pres-r ent temporary depression will give jilace te a healthy prosperity." he statexl. - . Other speakers at the convention were George A. Hartman. Pendleton mtyor elect who delivered the address of wel come; W. P. Barrett of Heppner, who responded, ana or. w. 11. Lytle. state veterinarian, who lectuaed on sanitary conditions. ! TELEGRAMS ARE SEXT I. A telegram as : follows was sent to Senators Chamberlain and McXary. Representatives McArthur, Hawley and .- Slnnott: "Oregon woolgrowers meeting In Pendleton are unanimous In commenda tion of 'i he efforts of the states repro- ' sentatives In congress to secure action that will . give ' American .wools a fair chance to sell in American markets In competition with those coming from other countries. ' Financial conditions are most tense and city and country bankers, -merchants and others Involved in the ; livestock Industry: cannot survive unless ., measures are enacted to permit the sale . of 1320 wool and restore confidence In ' clip now half made at high expense. This ; will atop the slaughter of breeding stock j and will greatly i relieve not only live stock raisers but financial institutions ,, ana ail other lines of business. "Oregon Woolgrowers'. Association." I Telegrams were also sent to Senators Smoot. McCumber and Kordney. urging: them to use their influence for the secur ing of an embargo of wool and woolen goods, pending the enactment of a com prehensive general tariff program. Criti cal conditions of the wool market In the state were emphasised,, and it was de clared that if Immediate action was not taken that the wool producers here would be forced out of business, j The annual banquet was held In the Elks' building, and while the solemn con sideration of the afternoon session kept a certain tenseness in the feelings of the woolmen, the feasting hour was filled with exchanges of repartee between the growers from .different parts of the state. Following the banquet, at which over 80 were seated, the Pendleton Commercial association entertained the visiting men with a smoker In the Commercial club? rooms. j . PACIFIC COAST BATCH STATEMENT Portland Banks Clearings " This Week. Tear Ago. I Monday ,8 8,741.615.42 . 6,488.787.17 , 10.410.861.21 , 6.672,609.08 . 6.07,9117.67 6.683,897.53 $10,602,110 23 8.611.386.81 6.820.355.43 4.486.103.20 6.46.430 4 4.896.211.59 Tnesday . ., Wednesday. . Thursday Friday Saturday . , Week .. Clearings Balances Clearings Balances Clearings Balance. Clearings Clearings . . . .$43,887,717 93 $88,101,756.74 8 so. an. Banks - Ssturdsy ..........$ 3.019.071.0 Saturday 911.780.00 Taooma Banks Saturday ..8 624.758 00 Saturday . ..... 87,807.00 . Seattls Banks Saturday ,$ 4.617.113.00 Saturday .......... 1.219.316.0O an Francisco Banks Saturday $23,800,000.00 Let Angelas Banks Saturday $14, 582. 155. 00 Forrlgn Exchange Market New York, Dec- 18. l P. I Sterling de mand opened todiy at $3.49, off. .0160; other Quotations were: Francs demand, .0595, off .0018; lire, demand .0846, off. U0U: marks, demand .0136. off .0002 ; Canadian dollars, dV nand .8506, unchanged; Dsnuh kronen, .111512. Foreign cxeltange closed lower today. Sterling demand was SI 50 snd cables $3.50, off 1 W .-" Other quotations were: Francs, demand. .0590. off .0018; lire, demand. .0340, off .0015; marks, demand, .0136, 'off ,0002; Canadian dollars, .8506, unchanged, - Hales It Cooke Co.) Iw . (IrK. 1 6990 9006 8810 .'. . . 8480 I 85fS0 8540 : 8460 8458 87i'0 720 ' 8310 8616 0500 0500 I 9500 0500 High Liberty. 8s 9014 Liberty, First 4s Liberty. Seoond s.... Liberty. First 4s ..."8580 Liberty. Second 4s.. 54 Liberty. Third 4 .. 8782 Liberty. Fourth 4 Vis.. 8640 Victory. 4s 9506 Victory. 8 s ....... 9600 Money and Exchange New tork. IVc.l 1 8. (1 P.) Money en call. 7 per cent; six months. 7 0 7; mercantile paper. 8-, bar silver, London. 41; New kors, 99; demand sterling. $3.60. - s.,1 e T r UCL iey . : m a aW aV With. ot hih It. L . "'bit. c tUr n Be a n. avwtar -vn . j. "CI ... Of 5f, fy it" you . X A . ?rt7... e JL'"t Of 4Viv ;h4 o . if" r.