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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 2, 1907)
IT SAYS IT IS FOLLY T am also ndviseri ia haB most of his DOM V.a.,,4 nl V. Kid? rrt t 1 lfl SO overburdened with knowledge as he lndl- cates In his letters. I do not see why he has THE (held them until now when they are worth 2 to 4 cents less than he could have gotten United States a few weeks ago. I do not generally give advice, but I will take the chance to offer a little to the hop growers, not only or Oregon, hut or the whole Coast. "First Keep your hops at home where you have absolute control of them. "Second Don't force your hops on the market In unlimited quantities. Third To insure living prices lor the future, cut down your acreage. "Fourth Don't blame some one else for your own folly." Herman Klaber's Views on the Hop Consignment. THE 3IORNIXG OREGONIAN, SATURDAY, NOVEMBER 2, 1907. National Bank THIS BAM. PAIS OF PORTLAND U. S. DEPOSITORY J. C. Ainsworth, President. R. "W. Schmeer, Cashier. R. Lea Barnes, Vice-Pres. A. M. "Wrigl t Asst. Cashier. W. A. Holt, Asst. Cashier. FOREIGN DRAFTS The United States National Bank of Portland issues Foreign Drafts on 11 cities of the United States and Europe, Hongkong and Manila, payable in the cur rency of the country on which they are drawn. A PER CENT -11 INTEREST AKD "RETURNS THE PRINCIPAL' KILL ENGLISH DEMAND In Present Year of Overproduction, Foreign Outlet Is Necessary. Why Prices Have Been Low for Past Three Years. In regard to the ulan proposed for the relief of the hop market by consigning a large block of Pacific Coast hops to London. Herman Kia ber, of Tacoma, who is now In the city, makes the following abatement: "I have read the letters in The Oregonlan from Mr. Durst and Captain Pope and think that the Dunst plan Is ridiculous and Imprac ticable. The Durst plan i to ship over to England 50.000 to 75,000 bales of hops. He says that by so doing, the price will be forced op at least 8 cents per pound and that the short seller will have to pay 12 to 20cents for the hops which they require for their deliv eries; and that this will prevent them from doing the same thing in future seoaona. "We are now In a position to know the exact output of all countries in the world. It Is no longer a matter ot guess work and the figures that I can give are beyond any possi bility of contradiction. The 1907 crop of the United States la as' follows: Bales. Xew York. ..... ..-.-. 40,000 California 8-J.O00 Washington 35,000 Oregon .130,000 Total ...... 290,000 "We will reduce this to hundredweights of 112 pounds and figure each bale at 188 pound which shows about 480.000 cwt for the United 6tates. "In 1902-8-4 we had high prices. During these three years, the world's hop production was as follows: c 1902 ...... 1,402. 154 10D3 .... ... .1,603.488 1904 - l.&Ol.GWJ Or a total for the three years of 4,407,212 out., and an average of 1.500,000 cwt. per year. During the three years of 1902-3-4, we had very remunerative prices. "Now in the past three years, namely, 1905-6-7. we have had low prices and la these yeans the world's crop hoe been: 1905 -.. 2.349,141 lftrtrt l.lKld.826 1,800,000 Or a totol of B.777.907 cwt., or an average for the three years of 1,925.089 cwt. This shows thut during the past three years, when low prices obtained, we raised practically 425, DOO cwt. each year more than In the three pre vious years when high prices ruled. So much for statistics. "We will now take up the consignment mat ter as proposed by Mr. Durst. My experience In England, and I do not think any one can gainsay it has not been extensive, has taught me that Englishmen keep an excellent tab on conditions on the Pacific Coast, aa It stands them In hand to do so, since they are heavy purchasers of Paolfle hops. I never found the Englishmen asleep. "The United States has again this year pro duced more hops than they require, taking into consideration our crop of 290,000 bales. added to which are 60,000 bales of olds and possible Importation of the equivalent to 30, 000 and possibly 50,000 bales of Continental hop. This excess of supplies over require ment will probably foot up 100,000 bales, and If brewer are as well stocked a all my East ern correspondent write me, the supply in ex cess of the demand may reach 120,000 to 130, 000 bales, owing to the quantity In brewers' bands. "If we could not export our overproduction. or as you may term It our excess of supply to our only extensive customer England hops would not be worth anything. England will buy from o their usual quantity, which aver age from 60,000 to 100,000 bales, according to the season. The only business at anything like remuneration prices In the last three or four weeks has been for English account. Now Mr. Durst proposes to dletrurb this, our only outlet, by choklag the English market with a tremendous block ot hops, more, X aesure you. than they eon take care of In such a small space of time. Should the English buyers learn by cable that a large consignment is coming over, their market would immediately weaken and the chances are, tumble or col- lapse entirely. And American markets would respond In sympathy with this condition In Irfonoon. "Captain Pope' idea for the solution of the trouble, wherein he suggested limiting the acreage or destroying a portion of the output Is by far a better plan than any I have heard suggested before. Mr. Durst'a plan to ship 60,000 to 75,000 bale will have absolutely no beneficial effect on the market. The United States can spare 100,000 to 120,000 bales and possibly more and whether they are shipped out In one block or in small quantities makes DO difference and It will have no effect on the United States market at all. Far better If the growers would take half of their crop on the Coast and dump them Into the Paclflo Ocean. Then these bops would have no statis tical Influence. "As far a a pool Is concerned I need ay but little and can only refer to the re sults following pools formed In previous years, pools formed on the Pacific Coast have never been very strong since they per mitted some of the members to break their pledge. In England, a pool was formed in 11)04 when hops were scarce, and it was a strong Institution, yet It collapsed and ruined many men financially. You will never hear of a pool In England again. "I have not made any money in the hop business In the past two years. In fact, have lost money, but I take it philosophically and have no one to blame. "Mr. Durst seems to delight in abusing liop dealers. I can remember when Mr. Durst was not a millionaire and I know that directly or Indirectly he haa attained tne prominent position he occupies in the com mercial and financial world from his hop yards. I can further state that my asso ciates In business have paid Mr. Durst Hun dreds of thousands of dollars for hops and It seems to me quite out of place for him to attack and abuse hop merchants and par ticularly the firm I have the honor of be ing associated with. "Some time ago Mr. Durst referred to me by stating I did no manual labor. It is true I have not done any plowing the past few years, nor have I done any actual labor In my own hop yards. I can hire a man for $2 a day who can do twice as mucn work In one day as I can do In a week, t doubt whether Mr. Durst has done as mucn actual labor in the past eight years as I have. Most of his time has been consumed: In writing nice things to growers and tell ing them what to do and altogether posing as an apostle or the saviour of the hop growers. I notice that In 1904 he did not sell his hops when he had a chance but carried them over and probably they did not net him over 5 or 6 cents a pound. Last year he sold our firm about 2000 bales at low prices and then held the balance or them after the market advanced and I am Informed still bold a large quantity which on today's market are practically valueless. AFPLE PRICES ARE QUOTED LOWER Reduction Found Necessary In Order to Move Supplies. The large movement of apples to this market and the-unwillingness of buyers to pay high prices has led the trade to make a general cut in prices. The new range of quotations. It is hoped, will stimulate busi ness in this line. Another bad lot of grapes came to hand yesterday and had to be sacri ficed. Two cars of navel oranges are looked for early in the coming week. The local assortment of new-crop nuts has been Increased by the arrival of a ship ment of Ohio chestnuts. NEW BUTTER PRICES CO INTO EFFECT Another Decline of a Cent In the Eastern Market. The new butter price which went Into effect yesterday was satisfactory to tne trade in general. The movement was not affected one way or other. The Eastern market, as will be seen by reference to the Chicago quotations, declined 1 cent from Thursday's prices. Eggs held steady, but buying was not very brisk. A weak tone prevailed In poultry but as receipts were not very heavy, the previous day's quotations were maintained. Hop Buying Is Lifftit. Business in the hop market, as is to be expected with the present financial con ditions, is very light. Knowing the situ ation, few farmers are offering their bops on the local market. If buyers were In a position to operate they could buy with great freedom. The only transactions re ported yesterday were the purchase of two carloads by the J. "W. Seavey Hop Com pany at 84 and 8H cents. Recent lots secured by this firm were the following: From Frank V. Vincent, of Sherwood, 185 bales, at 8W. cents; from Frank Kirsch, of Mount Angel, 141 bales, at 0 cents; from F. K. Johnson and Sather, of Mount Angel, 109 bales at 8 cents. Grain F rices Nominal. Trading in wheat, oats and barley con tinues at a standstill, owing to the banking situation, prices are therefore nominal. Bank Clearings, Bank clearings of the leading cities of the Northwest yesterday were: Clearin gs. Balances. Portland $ 870,216 $110,473 Seattle l,647.2il 201,368 Tacoma 754,044 35,403 Spokane 1,110.334 110,323 PORTLAND QUOTATIONS. Grain, Flour, Feed. Etc. MILLSTUFFS Bran, city, $20; country, $21 per ton; middlings, $27.60; shorts, city, $22; country, $23 per ton; chop, $1G1S per ton. WHEAT Club, 87c; bluestem, 89c; Valley, 87c; red, 85c. OATS Producers prices: No. 1 white, $29 50; gray. $29.50. FLOUR Patent, $4.95; straight. $4.40; clears. $4.40; Valley, $4.40; Graham flour. $4.25(0)4.75; whole wheat flour. $4.506 rye flour. $5 50 BARLEY Feed, $28.50 per ton; brewing. $30; rolled $30 31. CEREAL FOODS Rolled oats, cream. 90- Found saks, per barrel. $8: lower grades, 6.&0Q7 AO; oatmeal, steel-cut, 43-pound sacks, $8.50 per barrel; 9-D0und sacks. $4.50 per bale; oatmeal (ground). 43-pound sacks, $8 per barrel; 9-pound sacks. $4.50 per bale; split peas, per 100 pounds, $4.25 4. 80; pearl barley, $4 4.50 per 1O0 pounds; pastry flour, 10-pound lacks, $2.60 per bale; flaked wheat. (3.2o pel case. CORN Whole, $32; cracked, $38. HAY Valley timothy. No. 1, 1718 per ton ; Eastern Oregon timothy. $23 ; clover, $15; cheat, $15; grain hay, $1316; alfalfa, $14. Vegetable. Fruits. Eto. DOMESTIC FRUITS Apples, 75c$2.23 per box; cantaloupes, $11.50 per cnte; peaches, 60cj$1 per crate; watermelons, 1c pound; pears, $11.23 per box; grapes, 75c $1.25 per crate; quinces, 50d$l per box; huckleberries, 78c per pound; cranberries, $10-10.50 per barrel. TROPICAL FRUITS Lemons. $5-50 7 per box; oranges, Vaienctas. $3.75 4.75; grape-fruit, $4.50; bananas, 50 per pound crated. 8Hc; pineapples, $4.50 per doxen; pomegranates, $2.25 per box. ROOT VEGETABLES Turnips. $1.23 per sack; carrots, $1.25 per sack; beets, $1.25 pr sack; garlic. 8c per pound. FRESH VEGETABLES Artichokes. C0 75c per do.; cabbage, 131c per pound; cauliflower, 25 &$ 1.00 per dozen: celery, 60c $1.00 per doi-on; corn. 85c & $1.00 per sack; cucumbers, $1 per sack; egg plant. $1'1.50 per crate: lettuce, hothouse. $l.23l.f0 per box; okra, 10 12c pound; onions, 1520c dozen; parney, 20a per doren; peppers, 8Jjj17c per pound; pump kins, lf&le per pound; radishes, 20o rer dozen: spinach, 6c per pound: squash, lc per pound; tomatoes, 2342500 per box. ONIONS Buying price. $22.50 per sack. DRIED FRUITS Apples. 808io per pound; apricots, 1(3 10 c; peaches, 11 13c j pears, 11 H IT' 14c: Italian prunes. 214 8o; California figs, white, in sacks, &09ttc per pound; black, 4 05c; bricks, 75c 12 23 per box, Smyrna, 184 20o per pound; -date. Persian. 6V.?To per pound. POTATOES Buying prices, 75ff83o per hundred, delivered Portland; sweet potatoes, 2c per pound. Butter, Eggs, Poultry, Etc. BUTTER City creameries: Extra cream ery, 82 He per pound state creameries; fancy creamery, 3032c; store butter, 17 i (5 22c CHEESE Oregon full cream twins, 17c; Young America, 18c per pound. VEAL 75 to 125 pounds, 8$8Hc; 125 to 150 pounds, 7c; 150 to 200 pounds. 6Tc PORK Block. 75 to 150 pounds, 74 So; packers, 7ff7c. POULTRY Average old hens, 1212Hc; mixed chickens, lli312c; Spring chickens, 1 1 H 12c; old roosters. 8 9c ; dressed chickens. 13 14c; turkeys, live, old, 19c; young. 18c; turkeys, dressed, choice, nom inal ; geese, live, per pound, 9g 10c; ducks, 14c: pigeons. $1150; squabs. $2g3. EGGS Fresh ranch, candled, 33c per doaen; Eastern. 27&30c per dozen. Hops. Wool. Hide. Etc. HOPS 1007, 79o per pound; olds, 4c per pound WOOL Eastern Oregon, average best. 16 C 22c per pound, according to shrinkage; Valley, 20 22c. according to fineness. MOHAIR Choice. 29 30c per pound. CASCARA BARK 5tt 6a per pound; car lots, 7c per pound. HIDES Dry. No. 1. 16 pounds and up, 15c per pound; dry kip. No. 1, 5 to 13 pounds, 14c per pound ; dry calf; No. 1, under 3 pounds, 18c; dry salted, bulls and stags, one-third less than dry flint; eullh, moth-eaten, badly cut, scored, murrain, hair-slipped, weather-beaten or grubby, 2fy 8c per pound leap; salted steers, sound, 60 pounds and over, 7 7 Vie pound; steers, sound, 50 to CO pounds, 7o pound; steers, sound, under 50 pounds, and cows, 7c pound; stags and bulls, sound. 55Hc pound; kip, sound, 15 to 30 pounds. 7c pound; veal, sound, under 10 pounds, luc; calf, sound, under 10 pounds, 11812c pound; green (un salted). lc pound less; culls, la pound lens; FURS Bearskins, as to size. No. 1, $5( 20 each; cubs, $13 each; badger, prima, 25 iS1 50c each; cat, wild, with head perfect, 80 30c; cat. house. 5 20c; fox. common gray, large prime. 507uo eacn; red. $3 5 each; cross, ?515 each; silver and black. $100 300 each; fishers, $38 each; lynx, $4. 00 0 each : mink, strictly No. 1. accord ing to size. SI 3 each; marten, dark north ern, according to size and color, $10 15 each; pale, pine, according to size and color. $2.504 each; muskrat, large, 12315e each; skunk. 80340c each; civet or pole cat, 6 15c each; otter, for large, prime skins. $ Oil1 10 each; panther, with head and claws perfect. $2r& 5 each; raccoon, for prime, large, 30 up 75c each; wolf, mountain, with head perfect, fft.ftOB each; prairie (coyote). COcl.OO each: wolverine, $698 each. Wool at St. Louis. ST. LOUIS. Nov. 1. Wool, quiet. Medium grades combing and clothing, 28Vt25c; light fine. 22a,22fec; heavy fine, 1718c; tub waahetV 2-..430C. Capital and Surplus Deposits .... Portland, Oregon. $ 900,000 7,000,000 Third and Oak Streets. Invest Your Money In Good 6 First Mortgage Safe as Governments. Certified Checks on Portland Banks Taken in Exchange. FRANK ROBERTSON Failing Building, Third and Washington Streets. WHEAT EASY ALL OAK Chicago Market Dull and Featureless. MOST ADVICES BEARISH Chief Keason for the Inactivity Is the Suspension of Export Busi ness at New ' York Because of the Financial Conditions. CHICAGO, Nov. 1. The wheat market eponed weak because of a decline at Liver pool and other European grain centers, and continued weak for the greater part of the day. Outside trade was exceedingly limited and the market was dull and featureless all day. The praotlcal suspension or export business in New York, because of the finan cial conditions, was the chief reason ror the Inactivity. Advices from Argentina ot exoellent crop oondltlons and general rains throughout the Winter wheat belt were ad ditional bearish Influences. The market rallied about lo from the lowest point In the last hour of buying by shorts. The close was steady. December opened c to c lower at 9&HS96Hc, sold off to 94c and closed at 95 Ho. May ranged between $1.03 and fl.MH and closed at S1.04H. The corn market displayed moderate weakness at the opening, but soon recoverea and ruled strong for the remainder of the day. The firmness was caused by reports of the poor condition of the new crop In many localities. The demand came chiefly from shorts. The market closed strong and near the highest point. December opened unchanged to Kc higher at 68SSc, sold off to 58Kc and then advanced to &9c The close was at 5959c. The feature of the early trading In oats vas th selling of May by longs, which caused a decline of nearly one cent In tne price of that option. later the market showed strength on a prediction of a light movement In the near future. The close waa strong. December opened Ho higher at e&Hc old between 48c and SOc and closed at 49 Ho. May sold between 01 o and 62c and closed at 02 Ho. Provisions were weak because of the sell ing of pork and lard by local packers. At the close January pork waa off 2 He at $11.45, lard waa 10c lower at $S.4TVs and ribs were unchanged at $7.67 H. The leading futures ranged as follows: WHEAT. Open. High. Low. Cloee. December ...$ .964 .9t5H .94 Hay ... 1.03 .1.04 1.08V, l.(i44 July 9754 .88H .97 .OSiJ CORN. December .67 .B8 .09 May B9i .60 .69 .(! July .5994 .80 .09 .00 OATS. December ... .4914 .00 .4834 .40T4 May 52 .62 .61 V4 .62H July 4S .44! .47 ' .481, MUSS PORK. January ....14.60 14.60 14.80 14.45 May 14.U2V4 14.92H 14.65 14.85 LARD. November ... 8.57ft 8.57 8.46 8.47H January 8.65 8.65 8.42 8.42 May 8.70 8.70 8.55 8.62 SHORT RIBS. January .... T.67 7.67 7.80 7.67 May 7.90 7.90 7.81 7.82 Cash quotation were as follows: Flour Steady. Wheat No. 2. Spring. $1.001.02; No. 3, 82fl.02; No. 2, red, 9294o. Com No. 2, 6980c; No. 2, yellow, 6 60ic. Oat No. 2. $1.18; No. S. white, 46'50c. Barley Good feeding, 635c; fair' to choice malting, 7592c. Flaxseed No. 1, Northwestern, $1.18. Short Ribs Sides (loose), $7.378.25. Mess Pork Per bbl., $13.8714.O0. . Lard Per 100 lbs., $8.50. Sides Short clear (boxed), $7.758.25. Whisky Basis of high wines, $1.35. Receipts. Shipments. Flour, bbl 21.300 47.100 Wheat, bu.. 63,000 102.800 Corn, bu 203,700 167.300 Oaxs, bu -.309.6O0 171. KOO Rye, bu 5.O0O 2,700 Barley, bu.. 63,500 29,800 strength In coarse grains and final prices were lc net lower. December, $1.08 1-16 1.09, closed $1.08; May, tl.1091.11, closed 1.11. Hops and hides, quiet. Wool and petroleum, firm. European Gruin Markets. LONDON, Nov. 1. Cargoes, easier; nom inal; buyers holding off. California, prompt shipment, at 42a 3d; Walla Walla, prompt shipment, at 42s. LIVERPOOL, Nov. 1. Wheat December closed yesterday at 6s 3Ud; opened today, 8s 2d; closed today, 8s 3d. English country markets 6d cheapen French country markets quiet but steady. Argentine shipments, 488,000 bushels; last week, 612,000 bushels. India shipments, 812.000 bushels; last week, 1,188,000 bushels. Grain and Prodnoe at New York. NEW TORE, Nov. 1. Flour receipts. 20, 100; exports, 12,600; dull and unsettled. Wheat Receipts. 114.300; exports, 110, 000. Spot, easy; No. 2 red, $1.05 elevator, and $1.07 f. o. b. afloat; No. 1 Northern Duluth, nominal f. o. b. afloat; No. 2 hard Winter, nominal, f. o. b. afloat. There was a 2-eent break in wheat today, resulting from weak cables, lessene. cash demand, weakness In outside markets and llqulda Mn, rally asar the dose followed Grain at Ban Francisco. SAN FRANCISCO, Nov. 1. Wheat and bar ley, depressed. Spot quotations: Wheat Shipping. $1.60J1.65: milling. $1.70 1.75. Barley Feed. $1.B38'1.60. Oats Red, $1.6082.00; white, $1.701.75: black, $2.76S2.90. Call board sales: Corn Large yellow, $1.701.75. Minneapolis Wheat Market. MINNEAPOLIS. Nov. 1. Wheat Decem ber, $1.04; May, $1.09; No. 1 hard, $1.05 1.05 ; No. 1 Northern, $1.04; No. 2 Northern, $1.00 l.Ol ; No. 1 Northern, 09Gc. Wheat at Tacoma. TACOMA, Wash., Nov. 1. Wheat Un changed; bluestem. 00c; club. 88c; red. 860. WHOLE COUNTRY ON CHECK BASIS Effect of the Money Stringency on Business in General. NEW TORS, Nov. 1. Bradstreet's to morrow will aay: The entire country may be said to have gone upon a check or credit basis, pending the passage of the uneasiness, which seems to have almost en tirely calmed down. Naturally there has been some dislocation of the country's busi ness, notably In the item of the domestlo exchange, which has reacted on the col lecting and forwarding forces, for a time stopping the buying of wheat in the North west and of cotton at the South, and there has also been a sensible quieting down of Jobbing trade activities, some reduction of forces in railroad Improvement work and other Industries, and some effect also upon retail trade, which, however, aided by fine Fall weather, has given a good account of Itself this week. Naturally collections have felt some effect of the disturbance. The iron and steel Industries report new demand quiet as a whole, with a tendency to ease in prices, and the leading interest notes a moderate reduction in the volume of unfilled orders. That there Is a very large business doing In many lines In the country is, however? evidenced by the wide spread reports of car shortage affecting the movement of grain at Buffalo, of coal at all leading points. Bast and West, and of lumber In the Pacific Northwest. Business failures for the week ending October 81 number 223 against 2S0 last week and 163 in the like week of 1906. Can adian failures for the week number 25 aa againBt 39 last week, and 21 In this week a year ago. Wheat, Including flour, exports from the United States and Canada for the week ending October 81, aggregate 4,792,349 bush els against 4,592,074 this week last year. For the first 18 weeks of the fiscal year the exports are 68,207,815 bushels against 62,666,601 in 1906. Bank Clearings. NEW YORK, Nov. L Bradstreet's bank clearings report for the week ending October 81 shows an aggregate of $3,021,754,000. a against $3,104,807,000 last week and $2,915, 223.000 In the corresponding week last year. Canadian' clearings for the week total $S2, 887.000, as against $98,922,000 last week and $M. 811,000 in the same week last year. The following Is a list of the cities: New York $l,845.fi?,0OO 7.0 Chicago 243.Sno.000 13.8 .... Boston 177.678.000 9.7 .. Philadelphia 161,94.0u0 . 1.4 .... St. Louis . 61,532,000 8.0 Pittsburg 62.092,000 2.2 San Francisco ...... 40,555,000 14.8 Baltimore 81.720,000 ' 8.2 .... Kansas City 39.460,000 86.8 Cincinnati 24.021.000 2.1 New Orleans 19,597,000 . 6.0 Minneapolis 29.225.000 29.9 .... Cleveland 17,361,000 7.2 Detroit 14.2S2.000 20.9 Louisville 14.383,000 11.2 .... Los Angeles . ' 9.029.000 9.6 Omaha 13.725,000 39.5 .... Milwaukee . 11,67(1,000 17.3 .... Seattle 11,253.000 15.8 St. Paul 13.4S3.000 39.6 Providence .- 7.466.0O0 3.5 .... Buffalo . '. 8.537.000 17.0 Indianapolis 7.466,000 9.0 .... Denver 8.483,000 23.8 .... Fort Worth 10,130,000 Richmond . 6,571,000 10.7 Albany 6.237,000 1.9 .... Washington 6.654.000 16.9 Salt Lake City ' 6,000.000 11.1 Portland, Or. ,.: 6,743,000 6 Columbus, 0 8.319.000 B.6 St. Joseph 4.213,000 10.4 Memphis. 6.9.15.000 8.2 Savannah 6.501.000 13.8 Atlanta 6.229,000 4.0 Spokane 7.921.000 47.3 Toledo. Ohio 4.035,000 8.3 Tacoma 4.951.000 9.2 .... Nashville . 4.3K7.ono .... .... Rochester . 2,412,000 15.4 ALL SAVINGS ACCOUNTS HONORED IS FULL WITHOUT NOTICE "SOME BANKS PAY PART OF THE TIME PART PAY SOME OF THE TIME BUT ONE BANK PAYS ALL THE TIME" THAT ONE IS THE GERMAN-AMERICAN BANK Cor. Sixth and Alder Streets, Portland, Oregon STARKE-DECTSCHE SPAR BANK Authorized Capital 1500,000.00 Louis J. "Wilde, President. S. A. Reed, Cashier. James O'Brien, Vice-President. Wm, Burg, Assistant Cashier. , AMONG .DIRECTORS and STOCKHOLDERS U. S.. Grant, Jr., Capitalist, Pres. Omaha Independent Tel. Co... Omaha, Neb. Perry W. Weidner, President National Securities Co. and Vice President Central Trust Co Los Angeles, Cal. "Wm. H. Allen, Jr., President Title Insurance & Trust Company. .Los Angeles, CaL Louis J. Wilde, President American National Bank San Diego, Cal. M. P. Snyder, ex-Mayor Los Angeles, Pres. Cal. Savings Bank.. Los Angeles, Cal. F. F. Graves, Capitalist, President Union Construction Company.. Los Angeles, Cal. James O'Brien, formerly County Auditor St. Paul, Minn. S. A. Reed, Cashier First National Bank ....Escondido. Wm. Burg, formerly Cashier and Director Brown Co. Bank r. .New Ulm, Minn. James Porter, Banker Kewanee, 111. Charles C. Porter, Secretary National Securities Company .Los Angeles, Cal. Samuel E. Faroat, Merchant Los Angeles, Cal. Russ Avery, Attorney Los Angeles, Cal. John H. Bartle, President First National Bank Monrovia, CaL Mrs. Frances Piatt Los Angeles, Cal. 0. A. Bailey, Physician Los Angeles, Cal. R. H. Marsh, Capitalist Los Angeles, Cal. N. L. BiehL Merchant Tailor .....Los Angeles, Cal. E. T. Cook, Physician and Surgeon Los Angeles, Cal. Senator A. T. Courier (retired) Pomona, Cal. 1. M. Hollingsworth, Real Estate Los Angeles, Cal. Arthur Wright, Lawyer .Los Angeles, Cal. W. H. Hervey, Vice-President American National Bank Los Angeles, Cal. J. B. Berner, Merchant Los Angeles, Cal. W. G. Barnwell, General Freight Agent Santa Fe Railway....... ..Los Angeles, Cal. Elise J. Lawbaugh Portland, Oregon. Callaghan Byrne. Capitalist .' - Los Angeles, Cal. I. Isaac Irwin, Wholesale Merchant san Djeo-0 Cal. D. C. Collier, Real Estate San Diego! Cal! Geo. M. Hawley, Hardware... Oakland, Cal. H. E. Anthony, Assistant Cashier Merchants National Bank San Diego, Cal. Dr. Edward Gruve, Physician and Surgeon san Diego, Cal. W. L. Frevert, Furniture San Diego) Cal! John B. Osborne, Capitalist san Diego, Cal. Charles L. Williams, Cashier American National Bank San Diego, Cal. Hon. John F. Forward, Mayor of San Diego and President Union Title Insurance Company San Diego, Cal. THE ABOVE LIST Of well-known people are interested in the German-American Bank, some as Direc tors and all as Stockholders. They represent an individual responsibility exceeding SIX MILLION DOLLARS Their moral responsibility and integrity no man can question, and it is folly for any person or any of the banks in this community to speak disparagingly of this Institution; and I openly challenge you all for genuineness of purpose or for soundness and safety. This is an independent bank for the systematic savings and the steady commercial accounts of industrious people. GERMAN -AMERICAN BANK LOUIS J. WILDE, President N. B. Minnesota and California Headquarters Hartford 8.2."iS.0OO 8-8 Peoria 2.f72.0 Ik! Molnee 2.U61.000 18.6 Norfolk . 3.125.000 14.1 New Haven . 2.27,O0O 8.3 Grand RapldB 2.8-U.oO 10.7 Iayton l,f8o.O(X .... Portland. Mo. ...... 2.2O8.000 18.5 Bloux City 2.1U7.000 21.7 Sprlnjfleld, Maas. ... 2.IX18.OOO 8.2 Eransvllle 2.0S8.0X 2O.0 Ulrmlngham 2,:H5,000 12.8 Fyracune 2.424.0H0 53.3 .Augusta. Ga. 2.371,000 0.4 Mobile . . 1.4S8.(Ki0 Worcester 1,815.000 41.9 Knoivllle 1.545,000 10.9 Wilmington, Del. ... 1,820.000 Charleston. S. C 1.758.0OO 27.3 Chattanooga 1.471.000 Jacksonville, Fla, ... 1.216,000 4.9 Wichita 1.440,000 21.9 Wllkesbarre 1,8.18.000 26.8 Daenport 1.704.000 17.6 I.lttle Rock 2.075.000 41.8 Wheeling. W. Va 2.210,000 28.5 Fall Klver 1,441.000 20.0 Kalamazoo. Mich. .. 1. 080,000 7.0 Topeka 981 .000 211.0 Spring-Held. Ill M3.000 4.8 Helena 1,249,000 90.6 Fort Wavne. Ind 84U.0OO 17.6 New BeiMor 8S1.O00 2.4 Lexington il.000 10.1 Youngetown 685.000 4.7 Erie, Pa 707,000 41.8 Macon 787.000 20.6 Akron 480.000 P.ockford, 111 B85.0O0 9.7 Cedar Rapids, la 72O.000 29.9 Chester. Pa. 541.000 13.4 Klnghamton 472.000 9.7 Fargo, N. D 7HO.0IK) 50.7 Lowell 607.000 36.8 Canton, Ohio 481.000 8.3 Bloomlngton, 111. ... 449.000 South Bend, Jnd 484.000 5.9 Oulncv. Ill 483,000 81.7 Springfield. Ohio 4O6.OO0 Sioux Fans, . u.... ozz.ikiu z-i.o .... Mansfield. Ohio 890.000 20.7 IX-catur, 111 BlO.Oro 1.6 .... Fremont. Neb 845.000 52.8 Jacksonville, 111 280,000 17.6 Lincoln. Neb 1.4O0.0UO 18.0 Oakland. Cal 2.053.000 42.4 Houston 20.S09 .... 10.1 Galveston 14,939.000 .... 24.. CANADA. Montreal 29,878,000 .1 .... 8.4 's.'t Toronto Winnipeg Ottawa Vancouver, B. C. Halifax Quebeo Hamilton St. John, N. B... London. Ont Victoria, B. C...; Calgary 25,555.000 12.014.OO0 2.245,000 8.300.000 1.617.0"0 1.843.000 1,31)3.000 8!0.000 994.000 1,039.000 1.442.000 9.1 3.7 28.7 16.6 12.4 1.0 8.1 10.8 8.8 QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce in the Bar City Markets. SAN FRANCISCO. Nov. 1. The follow Ing prices were quoted In the produce martc keta today : Vegetables Cucumbers, P0c1.10; garllo, 57c; string beans, m4c; tomatoes, 509 SOc; okra. 4Oi&fl0c; egg plant. G0(a'85c. Poultry Turkey gobblers, 22 'o 24c; turkey hens, 18!S)2tc; roosters, old. $4&4-.o; roost ers, young, $5l&7; broilers, small, 88194; broilera. large, $44.i0; fryers, $4.505; hong. $47.50; ducks, old, $4y5; young, so 7. Butter Fancy creamery, 81c; creamery Butter tFancy creamery, 30c; creamery seconds, 20c; fancy dairy. 27c; dairy sec onds. 2oc; pickled, 27Vs30a Eggw Store, 23if27c; fancy ranch, 43c; Eastern. 22f24c. Cheese New, lSlS'.ic; Young America, 1G Va 4i' 17e; Eastern, lOVi I&18V4C. Wool Jsprlng. Uumbuit and Menddclno. 2425c; Nevada, l5lStac; South Plains and s. J. 119111c; lambs, 813ttc. Hops Old. 35o; new. 7 'A 10c. MlllstulTs Bran, (25. 50 26. 50; middlings. 830 32. Hay Wheat. I1722; wheat and oats, $13518; alfalfa, J11S13.50; stock, S8$9.o0; straw, per bale. 45(g) 85c. Potatoes Early Hose, 90c$l 10: rlvsr Burbanks. 85c$1.10; Salinas Burbanks, $1.50185; sweets, $1.25 8 1.50. Onions $2.25 2.35. Fruits Apples, choice. $1.50; common, ISOi-: bananas, $12; Mexican limes. $5,000 6.00: California lemons, choice, $5; common, $1.25; oranges, navels, $3-50 Q 4.00; pine apples. $23. Receipts Flour, 8022 quarter sacks; wheat 600 centaie; barley, 79,169 centals; oats, 637 centals; beans 1719 sacks; potatoes 8800 sacks; bran, 800 sacks; hay, 461 tons; wool 270 bales' hides. 770. Metal Markets. NEW YORK. Not. 1. The London tin market was higher, with spot quoted t 140 10s and futures at 1148. The local market was easy and lower, however, quota tions ranging from Sl.SOo to 82c. Copper was higher in London, with spot closing at (67 and futures at 68. Locally the market was firm and higher, with the lake quoted at J4.2514.60c: electrolytic. 14914.250. and casting, 13.75 14c. Lead was unchanged both in London and New York. Spelter was unchanged at (22 in London, but was easy at 5.2ui3.33c in the local market. Iron was lower in the English market Locally the market was rather easier in tone. Dried Fruit at New York. NEW YORK, Nov. 1. The market for evaporated apples Is dull and easier with fancy quoted at 10 10 Sic; choice, 9 St 9c; prime, 89c, and common to fair at 88Hc. Prunes, quiet and unchanged. Apricots are dull but prices are main tained in the absence of offerings. Peaches are in moderate demand at re cent prices. Raisins are said to be In good demand, but buyers are awaiting consignments from the Coast and the spot market is a little easier In tone with loose muscatels quoted at 8 eiOc. Seeded raisins, 7S12c, and London layers, $1.751.85. WE WANT YOUR POULrftY KGGS and VEAL and HOGS Highest CASH PRICKS Paid Prompt Returns Write Us SOUTHERN ORKGON COMMISSION CO. ST Front St., Portland. W. H. McCorquodale. Manager.