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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 13, 1909)
.,- . THE MORNING OREGOyiAX, SATURDAY, yQYKSTBEB 13, 1909. 1 mru nr niiPftn mini iviHi uL dUuHn Rumors of Lack of Harmony Between Refiners. TRADE LOOKS FOR TROUBLE Wheat Holders Too Firm to Accept " Current Bids Hop Market Again Qnlet New Crop Navel Oranges Duo Today. People In the grocery trade aro looking for some Interesting development In the mItr market before Ion. Affairs seem to ne shaping themselves In the Booth for a rumpus between the bt refineries, and It Is not likely the trouble will be long delayed. When It comes there may be a shake-up that will make the recent unpleasantness that occurred In the local trade look like a mall matter. Men who are In a position to know the affairs of the California refiners say things are far from harmonious there. For the past two years, and up to a short time ago, there was apparently some kind of u understand ing between the Sprockets people and the California A Hawaiian, at least there was no open hostility ehown, aa waa the case prior ' to 1907. Blmlllar lists were Issued by the two refineries and so far as anyone could see. each was getting Its proper share of the business. Within the past few weeks, however, mat ters have taken on a different aspect. Identi cal prlcea are still quoted, but It Is an open secret that there Is not the harmony be tween the two big Interests there formerly was. In fact. It Is said that things are now almost at the breaking point, and It would occasion no surprise If a rupture occurred any day that would precipitate a very lively war. Just what the cause of the trouble Is, It Is difficult to say. aa the sugar magnates do not take outsiders Into their confidence, as a general thing. It is believed, however, that the California ft Hawaiian concern la at the bottom of It, and the surmise of the trade Is that this company believes It la not getting Its share of the business and la seek ing a lAuu to lncresse Its sales. What may have been a step in this direction was tho late move In this city when an effort was made to widen the California Hawaiian activities by the prlco-cuttlng method. As the local grocery men know, the trouble here began by one dealer Instituting a rebate system, which was followed by oped shading of list quotations by other firms, and then by a sharp cut by an outside concern. In the meantime, white things are In a shaky condition on the Pacific Coast, tho sugar market Is forging upward on the other side of the continent. Raws are strong and steadily advancing and they have carried refined sugars up with them In the Eastern markets. Whether this bulge will have the effect of delaying the break ing out of trouble on the Paclflo Coast re mains to be seen. HOP TR.UIE AWAITS DEVELOPMENTS. No Further Moves Made by tho Hop Ex porters. There' were no new developments in the hop market yesterday. The only purchases made by Carmlchael were the Cole lot and one other small lot. Pending further moves by the extorters, the other dealers are In a waiting attitude. Business continues under way in Wash ington, where McNeft Bros, have Just se cured 230 bales of Yakimas. The Kentish Observer, of October 28, said of the English market: A considerable quantity of hops have been sold during the last few days, and the mar ket Is now very brisk. Prices are harden ing, the hops now selling fetching as much money as those of better quality that were old a week ago: Quotations: Choice East and Mld-Kents. IT Ts to IS 15s; medium quality, io 13s to 7; inferior quality. Id to l 10a. The latest trade letters of the -London factors say: Wild. Neame A Co. Trade during the week has been principally confined to the larger growths of East and Mid Kent, which have met with a ready sale at full prlcea. W. H. A H. L May The trade noted In " our last continues. Moot of the Important growths are now sold, and the great short age is becoming more apparent every day. Manger A Henley The market la very strong, nearly fire-sixths of the hops hare been sold, and the demand for the Conti nent still continues. WHEAT IS IN' STBOXfl HANDS. Fellers Refu to Lt Go at Present Offered Price. Trading continued quiet in the locl wheat market, as sellers were few and far be tween. The feelins; was strong;, and while D5 cents was still quoted by the dealers on club and fl.03 on bluest em. it Is likely a premium over these prices would have been necessary to Induce holders to sell. It was difficult to vet a line on what was belnc done In the country, but it wss under stood the activity there had subsided. There were no wheat shipments from Argentina this week. The movement from the principal exporting; countries Is report ed by the Merchants Exchange as follows: This Wk. Last Wh. Last Tr. India .32a 34,0 Australia 6.000 S.0OO f6n,00 Argentina 3GS.0O0 504,000 The local market for oats nd barley was firm without change in price. Local receipts. In car?, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday 100 1.1 7 23 TuesdHV M 2 !. 8 lO Wednesday ... US 2 A 3 14 Thursday .'.7 4 & 3 2 Friday 20 2 2 1 5 Tear go H7 17 9 2 5 Peaaon to date RftTS 7tV Br2 MD 1531 Year ago 67.".$ 2-1$ 4M 1324 POt LTRY STEADY WITH FAIR DEMAND. Egg Firm at 45 Cents for Guaranteed Ore ron Stock. The poultry supply yesterday was large and with a fair demand prlcea field steady. Eggs were firm with guaranteed Oreiron stock selling readily at 426 45 cents. Re ceipts havs falton off so sharply that Front street is now getting only about half a dosen cases dally on the average. Most of the Oregon eggs that come to this city go on to Puget Sound. In spite of th-s In significant receipts, there are many cases of so-called "Oregon" eggs sold every day on the street, though for the most part at prices around 40 cents. There were no changes In butter quota tions. The city creameries are a little, bet ter supplied than they were a short time ago, but quote the market steady to firm. Cheese moves regularly at former prlcea CAR OF NAVEL ORANGES DTE TODAY. Cranberries Are Higher at AU Coast Points Except Portland. Except for apples. Front street was poorly supplied with fruit yesterday. Receipts from California were very small and prac tically all the grapes oa hand were cleaned up. A sample box of new navel oranges was received and the fruit waa very well colored for so early In the season. A straight car of navels is due today. The cranberry market is firm and prices have advanced at, all points on the Coast except Portland. The quotation here re mains at $9C$tO per barrel, A car ua- loaded yesterday cost the jobbers (0 cents a barrel more than the previous ear, so It Is likely that prices here will be raised I oon. v Bank Clearmes. Bank clearing of the Northwetaern cities yesterday were as follows: CleariEgs. Balances. Portland fl.SM.u&O ST.W9 Seattle 2.45.37 -'MS Tacoma - 1.068.121 ".230 Spokane TS6.847 44, b6 - PORTLAND MARKETS. Grain. Flour. Feed. Etc. WHEAT Track prices: Bluestem. $1.05; club. 5e: red" Russian. !o; VaUey, 119 5c; Fife, 26lc; Turkey red. c; 40-fold, 850940. BARLEY Feed. $272TM; brewing. 28 per ton. FLOUR Patents, 35.10 Ier barrel: straight, 94.33; clears. 4.35; exports, 94: Valley. $4.90: graham $4.70; whole wheat, quarters, $4.90. CORN Whole. 93S: cracked. $34 per ton. MILLSTt'FFS New crop bran. .28 per ton; middlings. $32; shorts. 127.50; rolled barley. $29 30. OATS No. 1 white. $2fl per ton. HAY Timothy. Willamette Valley, M9 IT per ton; Eastern Oregon. $18020; alfalfa, $15014: clover. $14; cheat. $13 if 14.50; grain hay. )U13. Dairy sad Country Produce. BUTTER City creamery extraa. SSc; fancy outside creamery. 32tte Pr lb.; store. 22 H 6 24c t Butter fat prices average lHc per pound under regular butter prices.) EGGS Fresh Oregon extras, 423 45c per dozen: Eastern. 30 34c per dosen. CHEESE Full cream twins, 17(4 18c per pound: Young Americas. 18 Mi 10c. POULTRY Hens. 13Vi14c; Springs. 1SH 14c; roosters. 9$fl0c; ducks, 1515e; geese. lOttc; turkeys, live. 1618c; dressed, 20311c; squabs, $1.756 2 per dozen. POPK Fancy. KPflViC per pound. VEAL Extras, 104-lOtto per pound. Vegetable and Fruits. FRESH FRUITS Apples, $192 25 box; pears, $101.00 per boa; grapes. 25c$1.25 per crate, 10c per backet; casabasv $1.25$1.50 per dosen: quinces, 11 !ii per box; cranberries, $99.S0 per barrel; per simmons, $1.50 per box. POTATOES Buying prices: Oregon. 50 90c per sack; sweet potatoes, li2o per pound. TROPICAL FRUITS Oranges. $803.50; lemons, fancy, $4; choice, $5.50; grape fruit. $3.504 per box; bananas. 55ttc per pound; pomegranates, $1.50 per box. VEGETABLES Artichokes. 75c per dosen; beans. 10c per pourd; cabbage. 4 0 1c per pound; cauliflower, 90c'$l per dosen: celery. 00985c per doxan; com. $19 1 26 per sack; egsplant, $1.50 per box; gar lic 10c per pound; horseradish, 910c per dosen; hothouse lettuce. $1&1.2S per box;, peas. 10c per pound; peppers, $1.50 per brx; pumpkins, 14ylo; radishes, 15c per dosen; sprouts,-8c per pound; squash. $19 1.10; tomatoes, 2560e. BACK VEGETABLES Turnips, 75c(9$l per sack; carrots, $1; beets. $L25; ruta bagas, $1.10 per sack. CNIONS Oregon, $191.25 per sack. Provisions. BAOOK Fancy, 27c per pound; standard, 83c; choice, 22! e; English. 20V42m. DRY SALT CURED Regular short clears, dry salt, 15Mic; smoked, 16ftc; short clear backs, heavy dry salted. 15 fcc: smoked, ISHc; Oregon exports, dry salted, loc; smoked. 17c. BAMS 10 to 13 pounds, lTtte; 14 to IS pounds, 17(io; 18 to 20 pounds, lTttc; bams, skinned. 18c; picnics. 13c; cottage rolls, 15c; boiled hams, 24625c; boiled picnics, 21c LARD-Kettle rendered, 10s, ITHe; stan dard purs, 10s, 161c; choice, lOs, 15ttc Compound. 10s 1H4C. SMOKED BEEF--Beef tonguee, each, 40c; dried beef sets, 19c; dried beef outsldes. ITc; dried beef insldes.' ale; dried beet knuckles, 20c. PICKLED GOODS Barrels: pigs' feet, $13.50; regular tripe. 810; honeycomb tripe. $12; lunch tongues, $10.50; mess beef, extra, $12; mess pork, 125. LIVESTOCK TRADE DULL RKCEIPTS ARE LIGHT AXD DE MAND IS SLOW. Top Price Paid for Hogs but Nothing Fancy Offered in Other Lines. Receipts of livestock were small yester day, the demand waa light and trade was of small volume. Arrivals for the day were only lift cattle and 94 hogs. The general tone of the market showed no change. A bunch of bogs moved at the top price, $8, but nothing of the best quality waa offered in other lines. Shippers were; Dug Taylor, of Halsey, one car of hogs and calves; C Lei for, of Coburg, Or., one car of cattle ; J. p. Nesblt, of Payette, Idaho, two cars of cattle, and M. M. Hochtor, of Goldendale. Wash., one car of hogs. The day's sales were: Weight Prlcel Weight Price 4 steers. 1037 $4-001171 wethers 100 4.00 27 cows.. 004 3 40 go hogs... 106 8.00 29 cows.. 1017 3.401 Prices quoted at the yards yesterday were as follows: CATTLE Best steers. 4.234?4.50; fair to good. :..8.4; medium and feeders. S3.50 f? ft. 7.5; beat cows, S3.&03.6: medium. S3.I.0 43.1t5; common to medium, f 2.50 2.7"; bulls, $2 42.50: stags, $2.503.r0; calves, light, $5.25(55.50; heavy, $4?4.75. HOGS Best, $7.85 9 8; medium, $7.50 T.T5; stackers, $44.75. SHEEP Best wethers. $4.25 4.50; fair to good. $3.75 4; best ewes, $3.754; fair to good, $3.003.73: lambs. Jr.? 5.83. Eastern Livestock Markets. COUTH OMAHA, Nov. 12. Cattle Re celptw. 700: market, steady to strong. Native eteers. $4.&0S; cows and heifers, $3.25?f5.25; Western steers, $3.3C6 25; cows and heifers, $2.Su4.50: cannera. $2.253.25; etorkers and feeders, $2. 75$ .1.25. calves, $3.5057; bulls, staff, etc., $2.7564.65. Hog Receipts. 2i"0; market. 5ffl0e high er. Heavy. $5.8t'h-7.SO; mixed. $7.SO?7.g5; light, $7.75?7.S5; piea, $6.5Jt7.60; bulk of ea,lpf. $7.807.85. Sheep Receipts. 5000: market, strong. Weth ers. $4.505.35; ewes. $4.254.85; lambs, $6.75 67.50. BOSTON1 WOOL MARKET QUIET. Manufacturers Buy Clothing Grade in Mod erate Quantities. BOSTON". Mass., Nov. 12. The Commercial Bulletin will say of the wool market Satur day: Business Is comparatively quiet, although a number of mills are in the market. Wool man ufacturers are buying clothing wools In mod erate quantities at top prices. whil worsted makers1 are picking up occasional lots to fill In with. The market le strong, with no ap parent relief from high pricest The shipments of wool from Boston up te November 11 inclusive were 231.278.064 pounds, against 161.5S1.1S6 pounds a year ago. The receipts) to November 11 inclusive were 278. 614. 2y3 pounds, against 266.334.217 pounds the same period last year. Wool at St. Louis. ST lOUIS. Nov. 12. Wool Unchanged; territory and Western mediums, 24 Q 29c ; fine mediums, 23 20c; fine, 14 20c. Dairy Prodooe tn the Fast. CHICAGO, Nov 12. Butter, steady. Creameries, 2430c; dairies, 24$2Sc. Eggs Receipts. 4701 cases; market Arm. At mark, cases included, 204 filoc; firsts, 27c: prime firsts, 2c. Cheese, firm. Daisies. 116 4c; twins, 15?l6c: young Americas, IdiJltiUc; long horns, 13 q 16c. . NEW YORK, Nov. 12- Butter, cheese and eggs steady, unchanged. Coffee and Sugar. NF7W YORK, Nov. 12- Coffee futures closed steady, net unchanged to 6 points higher. Sales; 28,000 bags. Including De ceber at 6 356l43c. March at 6.55i6.60c, May at a-656. 70c. July at 6. 755 6. Stc and Sep tember at 6.80$A.S5c. Srt. steady. No. 7 Rio. KfiSic nominal; No. 4 Santos, B9 S!c. Mild, qnlet. Cordova, 11 Uc. ugar-Raw. firm. Fair refining. 3.0594c; centrifugal. 96 test. 4-454.5-c; molasses sugar, $.70,3.73c Refined, (Steady. Crushed. G.frOe; powdered, 5 35c; graatsMted, 5.26c. AUTO TBJLOE BOOMS Manufacturers Far Behind on Orders. HOLIDAY BUSINESS HEAVY Iron and Steel Production In AU Its Forms Is Active Mild 'W eather Affects Retail Trade In Some Lines. JfaTW YORK. No. U. Bradatrsefa to morrow will aay: Continued mild weather la helpful to building and outdoor construction work and facilitates Kail plowing, but at tho same time It is a source of considerable com plaint as to its effect on ratal! trad and heavy dry (roods and clothlnc. heavy wear Ins; apparel, etc. In other wholesale lines, however, re ports are to a high dearee favorable. Holi day demand la especially active and Spring business Is being booked in good volume, except In cotton gooda, where high prloee and uncertainty aa to future prices of raw material check selling operations. The. gen eral tone of commercial affairs Is buoyant. Iron and steal production. In all Its forms. Is active, thoutrh the advanoe of tho season favors a slackening of the trade shown In October. Theautomoblle trada la far be hind on orders. Reports show gams in building expenditures over the large totals of a year ago. Commercial collections are good ss a whole, though feeling the restriction of re tall demand noted above. Commodity prlcea are still Inclined towaro) higher levels, and are now only a small percentaga below the highest record levels. Business failures in -the United Btates for the week ending November 11 were t21. against 220 last week. 167 in the correspond ing week of 190, til tn 1907, 222 In 1908 and lftS in 1005. Business failures In Can ada for the week number 14, which compares with 14 last week and 21 In the correspond ing week In 1908. , Wheat, including flour, exports from .the United States and Canada for the week ending November 11. aggregate s.636,474 bushels against i.29T,456 last week and 6, 029.480 bushels, this week last year. For the 19 weeks ending November 11, exports ara b8,244,108 bushels, against 81,776.776 In the corresponding period last year. Corn exports for the week are 28,818 bushels, against 304,996 bushels last week and 872,882 bushels in 1908. For the 19 weeks ending November 11 toe corn exports are t. 294, 156 bushels, against 2,371,(19 last year. IRON AJiD STEEL TRADE HSAVIKR. Better Teellng In the Dry Goods Market. Footwear In Demand. NEW TOHK, Nov. 12. R. G. tran ft Co.'s weekly review of trade will say tomorrow: Farther progress Is being made In the readjustment of the markets to the higher prices that are Inevitable In a period of big production, reviving Industry and active speculation. The recent quiet In the structural Iron and steel situation has been followed by the ap pearance of several Important contracts, and it Is estimated that new projeots con templated will call for over 100.000 tons of steel. The break and the recovery of cotton markets served ta make buyers more cautious, but at the same tlmted manu facturers of cotton goods to be more free In discussing terms of contracts.. Prlcea are being adjusted steadily to the higher costs of production. Higher costs of ginghams, openings of lfnlt goods for the Fall season, the preliminary showings of men's wear samples for Fall and a continuance of good reports from Jobbing and retail centers were some of the important features of the dry goods week. Footwear conditions continue to Improve and trade In all varieties la more general and of larger valurae. There is a good trade In lesther and prices rule very firm, especially union and oak sole. The hide market continues firm, but trading of late has been less aotlve. Bonk Clearings. Bradstreet's bank clearings report for the week ending November 11 shows an aggre gate of $3,599,822,000, as against $3,&44, 749.000 last week and 3,S69.0tl3,000 In the corresponding week last year. P. C. Inc. New York 2.277.8Sl,0OO 8.4 Chicago 275.181.000 10.1 foston 17S.2S3.0O0 4.2 hllatielphla 15O.198.O0O - 0.0 St. Louis 7S.190.000 6.4 Pittsburg 4S.9rtl.000 8.8 Kansas Cltv 67.927.000 270 Pan Francisco 42,173,000 " 8 Baltimore 30,129.000 29.6 Cincinnati 2r. 503.000 4.1 Minneapolis 30.RO2.000 5.8 New Orleans .... 2.78.0O0 S9.6 Cleveland 18.741.000 20.8 Detroit 15.538.000 5.2 Louisville 13.4Ti0.0oO 16.5 Milwaukee 13.25rj.000 .2 Fort Worth v 9.187,000 22.1 Los Angeles 13.775.0KO 19.7 Ht. Paul 13.O19.0O0 7.7 Seattle 14.'0i:7,OOO 32.3 Denver 10.357.000 66 Bultnlo . 9.828.000 6.0 Indianapolis 10.041.000 6.5 Spokare. Wash 5.466.009 40.8 Providence 10,201,000 25.5 Portland. Or 9.47SI.0OO .12.0 Richmond 8.047.000 10.5 Albany 6 903.0O0 .02 Washington. D. C 7."0.000 20.5 St. Joseph (1.903.000 38.6 Salt Lake City B.7f.8,0iM 7.5 Columbus 0.188.000 7.0 Memphis 9.308.000 22.J Atlanta 14.379.000 13S.0 Ta?oma 6.293.000 20.4 Oakland. Cal 1. 938.000 13.2 Sacramento 1.497.000 37.2 Helena 1.121,000 9-0 Houston 24.201,000 29.9 Galveston 17,652,000 17.7 Decrease. STOCK PRICES SHIFT ACT WITH THE FIXCTTJATIOXS OF THE MOXET MARKET. Prices Fall to JLowest of Day When Call Loan Rate Goes to Per Cent. NEW YORK, Nov. 12. The sluggish cur rent in the price movements In the stock market today shifted in consonance with the money situation. Supplies of money at 5 per cent and below gave confidence that the banks are within their reserve limit. Preliminary estlmatea of the week's cur rency movements and announcements of fur ther engagements of goid for export re rewed Inactivity ard the eal money rata stiffened. The demand for call money has been much larger than was supposed, the balance against New York on the express movement running apparently nearly to 4.500,KI0. Gold shipments to Brazil have taken f4.854.000. thus running .the cash loss on the known movements of money up to nearly $10,000,000, one of the largest cash losses for one week In the year. The date of shipment of the $1,500,000 gold en gagements today for South America in London is not known yet. Authorities differed as to the offerings of money from foreign sources. The spe cial demand for cash from Chicago Is con nected with the execution of an early call from the Controller of the Currency. The Imminence of this call found some of the Chicago banks below the reserve limit. A good portion of the New York clearing house banks were shown to be below the 25 per cent reserve limit, and their necessity for recuperation is a factor In the money market position. The rise In money rates applied not only to call loans, but to time loans. and the hardening tendency ex tended from the shorter to some of the longer periods. A feature of the narrow speculation was the division to low-priced stocks, both In dustrials and railroads. The limited re sources In the money market make opera tions in these low-priced Issues more feasi ble. In consequence of the smaller sums re quired 'by commission houses for holding them for customers. The sharp falling off In the week's export of copper, compared with several weeks past, gave an impres sion of a waning of the reported demand for that metal, although the price was ad vanced again in London today. Stocks tell to the lowest of the day when call loans rose to 6 per cent and then hardened when the rate eased off. Bonds were steady. Total sales, par value, $3,680,000. United States bonds were un changed on call. - CLOSING STOCK QUOTATIONS. Ckeing Bales. High. Low. Bid. Allia -Chalmers pf 1.HJ0 54 53 63 Amal Copper 47,800 89V4 bo Am Agricultural . . u . .. 48 Am Beet Susar .. 400 47Vs 47 , 414 Am Can pf 1B,9oO 85 844 . 841, Am Car ft Foun. loo 74T4 'lt Am Cotton Oil .. SO 73U 734 73 Am Hd ft Lt pf. 1,100 47?a 41M 47 . Am Ice Securl 300 24 Hi 24 Vj 24 Am Linseed Oil .. " 200 15;, 15 15 Am Iomocotive .. 100 B2 62 62 Am Smelt ft Ret. 400 98', $i do preferred ... 1O0 111 111 111 Am Sugar Ref.. 800 130 1 29 129 Am Tel ft Tel.... ,20O 141 140 1414 Am Tobacco pf - X1 Ara Woolen 3 Anaconda Min Co. 800 4-4 494 49 Atchisoa 8,800 119'J 119! H9 do preferred ... 500 104;, 104 104 AU Coast Line 4O0 137 lSBH 1S6 Bait ft Ohio 4V0 116 115 115 do preferred Bethlehem Steel .. 300 35 34 34 Brook Rap Traa. T.000 7H 75 16 Canadian Pacific .. 300 184 184 184 Central Leather .. 8.200 47 46 4ijs do preferred "S Central of N J g Chea ft Ohio .... 5, TOO 87 87 87 Chicago ft Alton J" Chicago Gt West. 200 21 20 20 Chicago ft N W... 4 186 186 185 C, M ft St Paul,. 600 156 155 15 C, C, C A St L... 300 78 77 m Colo Fuel ft Iron- 4,300 48 41 48 Colo ft 6outhern gS?? do 1st preferred. 2O0 80 80 0 do 2d preferred. 500 80 80 79 Consolidated Gas.. 400 144 143 143, Corn Products ... T.900 23 22 22 Del & Hudson ... 200 184 184 lf D ft R Grande ... 200 46 46 46 Distillers" dBecuri I. 'wx 36- 36 87 Erie ....T. l.on 82 32 321 do mt prererrea. ouo soi do 2d preferred ,J?.7 General Electric .. 200 162 162 161 Gt Northern pf ... 4.9U0 142 141 142 Gt Northern Ore .. 800 81 80 8" Illinois Central - , 1214 Interborpngh Met.. 93,000 23 21 23 do preferred 37,300 65 51 55 Inter Harvester .. 700 106 104U lot Inter-Marine pf .. 0 24 24 24 Int Paper 2.100 16 14 15 Int Pump 1.900 54 63 53 Iowa Central - jj K C Southern ... 1,000 43 42 42 do preferred . .. ; .j?,, Louisville ft Naeh 6V 152 151 152 Minn ft St Louis. 8O0 62 52' 62 M St P ft S S M. 2"0 135 135 1M Missouri Pacific .. 9"0 ! JH Mo. Kan ft Texas. 8,800 47 46 47-i do preferred ,? National Biscuit 'J5,, National Lead ... TOO 87 87 8. Mex Nat Ry let pf ,65 N Y Central- .n0 131 131 131 N Y. Out ft West. 2O0 46 46 46 Norfolk ft West.. 400 95 95 95 North American ; 78 Northers Pacific .. 4,9v 145 144 H6 Paclflo Mall 1.200 44 44 43 Pennsylvania 27,200 140 139 140 People's Gas .... 300 llssj 113 113 P. C C ft St I. . . 1.100 98 96 95 Pressed Steel Car. 300 52 51 52 Pullman Pal Car. 200 192 192 192 JXSvw i2 i" 1J Republic Gteel 2.300 47 4, 4i do preferred ... 10O 105 lnK'4 107 Rock Island Co... 4.1W 40 39 40 do preferred. . . . ' 1.000 81 SO 80 ft L I S F I pf 6fl St L Southwestern. T.000 31 30 81 do preferred ... 2.800 70 6S Bl Slosa-Sheftleld .... 1.900 92 91 91 Southern Pacific .. 2.600 129 12S 12? Southern Railway. 13.600 31 do preferred ... l.Soo JO 69 69 Tenn Copper .... 1.700 37 So 3. Texas ft Pacific. 400 36 34 34 Tol. St L ft West do preferred . . Union Pacific do preferred . . U 9 Renlty .... 63 xnn S0S ftfiS& 69 29 700 201 200 200 400 103 102 ..... unn ft' 82 82 XJ S Rubber 200 60 49 49 u s steeiT..:::r. n. do preferred ..r 7.500 12 KA 128 Utah Copper .... 8.700 53 62 62 Ta-Caro Chemical. 1,000 - 49 49 W Wabash 20 19 19 to preferred ... B.1" $ 62 Western Md 9O0 34 34 .... Wesllnghouee Elec 1.20O 84 84 84 Western Union ... S.300 18 i ? Wheel A L EHe Wisconsin Central 00 Total sales for the day. 674.900 shares. BONDS. NEW YORK. Nov. 12. Closing quotations: U S. ref. 2s reg.100 IN Y C S 91 do coupon 100 North Pacific 3a. 72 U. S. 3s reg.... 101 North Pac fie 4s.l02 do coupon 101 Union Pacific 4s. 102 U S new 4S reg.115 Wiseon Cent 4s. 95 do coupon. .. .116 Japanese 4s 86 D ft R G 4s 96l Stocks at London. LONDON, Nov. 12. Consols for money. 62:-do for account, 82 11-16, Amal Copper... 91 Mo. K ft T 48 N. Y. Central. . .134 Norfolk ft West. 97 do pf 92 Anaconda ... .. 10 Atchison do pf . ...... Bait ft Ohio.. Can Pacific... Ches ft Ohio. . Chi Grt West. C. M. ft S. P. . De Beers D ft R G do pf Erie do 1st pf... do 2d pf... Grand Trunk. Ill Central L ft N ..122 . .107 ..US ..180 .. 89 . .. 21 ..100 .. 17 . . 47 . . 86 .. 33 ..47 . . 40 . . 21 ..149 . .153 Ont & Western. 47 Pennsylvania ... oi Rand Mines 8 Reading 82 Southern Ry 32 do of 71 Southern Pacific. 206 do pf ! U S Steel 91 do pf 129 Wabash 20 do nf 52 Spanish 4s 95 Money, Exchange, Etc. NEW YORK. Nov. 12. Prime mercantfle paper, 05 per cent. Sterling exchange steady with actual busi ness In bankers' bills at $4.8290 4.8310 for 60-day bills and at $4.8725 for demand. Com mercial bills, $4.88 4.88. Bar silver, 60c. Mexican dollars, 43c. Government and railroad bonds, steady. Money on call, strong. 46 per cent: rul ing rate and closing bid, 5 per cent: offered at 5 per cent. Time loans firm: 60 days, 5 5 per cent; 90 days, 5 per cent; 6 months, 4 per cent. SAN FRANCISCO. Nov. 11. Sterling on London, 60 days, $4.83; sight, $4.87. Silver bars, 50c. Mexican dollars, 43c. Drafts, sight, 4c; telegraph, Tc. LONDON. Nov. 11. Bar silver,- steady, 23 d per ounce. Money, 44 per cent. The rate of discount in the open market for short bills Is 4ffl4 per cent; for three months' bills, 44 9-16 per cent. Dally Treasury Statement. WASHINGTON, Nov. 12. The condition of the Treasury at the beginning of busi ness today was as follows: Trust funds Gold coin ; $879,848,869 Silver dollars 488.276.000 Sliver dollars of 1890. . 4. 017.000 Sliver certificates outstanding.... 48S,275,000 General fund Standard silver dollars In gen eral fund 1.595,112 Current liabilities 111,663,441 Working balance In Treasury of fices 28,976.745 In banks to credit of Treasurer of the United States 36.688,094 Subsidiary silver coin 16,993,283 Minor coin 1.314.272 Total balance In general fund... 86,935,818 London Bullion Movement. ' LONDON, Nov. 12. Bullion amounting to 353,000 was taken into the Bank of England today and 10,000 was withdrawn for ship ment to outh Africa. , Metal Markets. NEW YORK. Nov. 12. The market for standard copper waa dull today, no sales be ing reported on the New York Metal Ex change. Spot, November and December closed at 12.60fil2.75c. January at 12.70 12.95c, February at' 12.80gl3.10c and March at 12.9013. 15c. London closed steady. Spot quoted at 58 17a 6d and futures at 60. Local dealers quote Lake copper at 1313.25c, elec trolytlo at 12.874jl3o and casting at 12.769 12-87c Tin was easy, with spot and November clos ing at 80.2630.40c. December at 30.25&36.60C. January at R0.30S30.60e and February at 30.40 30.70c. Sales on the New York exchange were 10 tons of spot at 30.40c. London closed firm, with spot quoted at 138 15s and futures at 141. Lead quiet. Spot. 4.37g4.45c New York. London unchanged at 13. fipelter. quiet at 6.256.30e New York and at 6 2O0.25c East St. Louis. London un changed at 63 6s. Iron unchanged in Xondon, locally closing steady. GOOD GASH TRADE Strong Demand for Wheat Southwest and Northwest. ADVANCE AT ST. LOUIS Options Rise Sharply at Chicago. Leading Short Buys Over Two Million Bnshels of De cember. CHICAGO. Nov. lfc lively demand for cash wheat in the Northwest and South west prompted urgent covering by shorts today, resulting In material gains. Corn, oats and provisions were a loo firm and closed at moderate advances. The wheat market was strong all day and prices moved over a wide range. One of the prominent shorts was said to have purchased more than 2,000,000 bushels of December wheat during the day. St. Louis reported an advance of 1 to 2 cents in red Winter wheat. Kansas City also regis tered a more moderate advance. Foreign news was mostly of a bearish nature. Tlfe rang on the December delivery was be tween (1.05 and fl.OT. The market closed active and strong. . December was at $1.06. Snipping demand for cash corn waa again brisk, but offerings were light, which re sulted In an advance of c The close was firm, with prices up H 4 to'4ic Oats were Arm. The market closed firm at net grains of a shade to He. Provisions closed strong with prices up to 35c. Ttia leading futures ranged aa follows: WHEAT. Open. Hlffh. Low. Close.. Dea. $l06tt 11.07 $1.05 $1.06 May 1.04 1.05 1.04 H 1.05 July .97 .97 .87 .7tt CORN. Deo. .59 .59 . .59 -E8 May 60 .61 .60 .fiOi July C0H .60 .60 .60 OATS. Dec. .19 .39 H .89 X .39 May l .41 T4 .41 .41 July 39 .39 .39 .39 MESS PORK. Jan 21.17 21.62 21.17 21.50 May 20.17 20.32 20.17 20.27 LARD. " , Nov 12.90 12.95 12.90 12.95 Jan 11.90 11.95 11.87 11.92 May 11.42 11.45 11.42 11.42 SHORT RIBS. Jan 10.65 10.77 10.65 10.70 May 10.50 10.56 10.45 10.47 Cash quotations were aa follows: Flour Firm. Rye No. 2, 7I74!. Barley Feed or mixing, 5266c; fair to choice malting, S7t6c Fiax seed No. 1 Southwestern, $1.66; No. 1 Northwestern. S1.76. Timothy seed 13.75. Clover 9.6014. Pork Mess, per barrel, $23.76 24. Lard Per 100 pounds, $13.16. Short rlbs Sides (loose), $1111.37. Sides Short, clear (boxed), $11 11.25. Grain statistics: Total clearances of wheat and flour were equal to 448.00 0 bushels. Exports for the week, as ehown by Bradstreet's, were equal to 5,635,500 bushels. Primary receipts were 169,000 bushels, compared with 981,000 bush els the corresponding day a year ago. Esti mated receipts for tomorrow: Wheat, 46 cars; corn. 196 cars; oats, 134 cars: hoes. 11,000 head. Receipts. Shipments. Flour, barrels 31.200 34,300 Wheat, bushels 75.600 76,700 Corn, bushels 200. 000 151,800 Oats, bushels 255,600 420.400 Rye, bushels 4,000 4 700 Barley, bushels 106,500 56iouO Grain and Produce at New Tork. NEW YORK, Nov. 12. Flour Receipts 29, 000. Exports 10,029. Firm in sympathy with wheat. Demand was slow. Wheat Receipts ' 127,700 bushels; exports 326,964 bushels. Spot strong. No. 2 red, $1.27 asked domestic elevator; No. 2 red, $1.26 nominal f. o. b. afloat; No. 1 North ern Duluth, $1.16 nominal f. o. b. afloat. The strong cash situation and fear of manipulation in December caused shorts to cover and December sold at a new high record for the season. There were good export orders and offerings were light. The market closed Arm, at a net advance of a c. December closed $1.16; May, $112 Hops Dull. Hldes Firm. Wool Firm. Petroleum Steady. Grain at gaa Franctscofl CAN FRANCISCO, Nov. "it. Wheat, firm; barley, steady. Spot quotations:' Wheat Shipping, fl.80ai.86; milling, $1.82. Barley Feed, f 1.43 1.46 ; brewing, $1.47 1.48. Oats Red, f 1.00 1.70; white, f 1.87 O 1.65; black, f2.40i65 asked. Call-board sales: Wheat No trading. Barley May, $1.61 1.61 ; December. fl.47ei.4T. Corn Large yellow, $1.70 1.75. Grain at Minneapolis. MINNEAPOLIS, Nov. 12. Wheat Decem ber, $1.04; May, $1.05; cash. No. 1 hard, f 1.07 1.07; No. 1 Northern, $1.06 1.07; No. 2 Northern, $1.04 1.05; No. 3 Northern, $1.03g1.04. Flax fl. 74. Corn No. 3 yellow, 6959o. Oats No. 3 white, 3S38c. Rye No. 2, 6869c. European Grain Markets. LONDON, Nov. 12- Cargoes firmer, Walla Walla for shipment at 39s 3d to 39 6d. English country markets, quiet but steady; French country markets, slow. LIVERPOOL, Nov. 12- Wheat December, 7s Hd; March, 7s 8d; May, 7a 7fcd. Wcather cloudy. TURKEY 'SUPPLY BETTER SEATTLE REPORTS THE HEAVI EST RECEIPTS OF SEASON. Dealers Gixe Up Ropes of Getting Cheap Birds This Year . Chickens Clean Up. SEATTLE, Wash., Nov. 1J. (Special.) About 200 turkeys were received here today, making the heaviest receipts of the season. Dealers have about given up hope of getting cheap t u rkeyA this year. Oregon sh 1 p pers are asking 23 cents t. a. b. shipping points) for dressed stock. Hens and Springs arrive in extra large quantities, but clean up. Con siderable poultry, including live turkeys, will be shipped to Southeastern Alaska oa a boat leaving November 16. Wild ducks are very acaroe again. A car of Malaga grapes arrived. They are held at $0:757.50 per barrel. Apples are weak under heavy receipts and only a fair demand. Buyers look for lower prices and are pounding the market hard. The most jobbers can get out of fancy Jonathans is $2.50. Ordinary varieties range from fl up. Potatoes are in over-supply. Oats are stiffer here at $29 for the best stock. The flour market la Jiull, most re tailers being well stocked. Little U doing In wheat. QUOTATIONS AT SAX FRANCISCO Prices Paid for Produce In the Bar City UarkeC SAN FRANCISCO, Nov. 12. The follow ing prices were quoted in the produce market today: Vegetables Cucumbers, 73e$l; string beans. 3(&-5c; tomatoes, 50ca$l; garlic, 44$ 6c; green peas. 35c; eggplant, 50 65c. Mlllstuffs Bran. $2a.5u30: middlings. $365037. 50. Butter Fancy creamery, 81c; creamery, seconds. 30c; fancy dairy, 29c Poultry Roosters, old, f45; young, i - THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY CAPITAL AND SURPLUS, $1,000,000 OFFICERS J. C. AINSWbRTH. President R. W. S0HMSES, Cashier. E. LEA BARNES, Vice-President A. M. WEIGHT, Assistant Cashier. W. A. HOLT, AssistantCasWer. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS Drawn ON ALL FOREIGN COUNTRIES Lumber mens National Bank CORNER FIFTH AND STARK STREETS TRANSACTS BANKING THE BEST STREET INSURANCE IS THE BITULITHIG PAVEMENT It insures against dust, mud and street noises. . It insures against slipperiness and falling horses. It insures against cracks, disintegration and costly repairs. It assures a sanitary and durable street. It assures conscientious workmanship and best materials. It assures perfect satisfaction. BITTTLITHI0 INSURANCE IS SAFEST AND SUREST. WARREN CONSTRUCTION COMPANY 317 BECK BUILDING, PORTLAND, OR. I6S BO: broil, small. $3S.60: large, 9H 4.50; friers, 55.50; hem M.SOSO; Uucka. old. 5; yoatig, 68. EBS3 Store, 45c; fancy ranch, B3c. Cheese New, X818c; young Americaar 16Har Wlieai ,1521; wht and oata, I14elT: alfalfa, 912; stock, 710; bar ley, 1013; straw, per bale. BOiSiTOc. Fruits Apples, choice, T5e90o; eotm mon. 4065c; bananas. 75c3.60; limes, 4 5085.60; lemons, choice, 3.604; com mon, 23: oranges. Navels. $2.60(03; pine apples, 1202.75. , Wool 6outh Plains and San Joaquin. 810c; Spring Humboldt and Mendocino, ia15a. Hops 1427e per pound. -,,. Potatoes Oregon Burbanks, T5ll, Ballnas Burbanks. sl.1591.3G; sweets. 7oc Receipts Flour, 2S60 quarter sacks; wheat, 785 centals; barley, 442D centals; oats 8S0 centals; beans. 5703 sacks; corn, M centals; potatoes, 1435 sacks; middlings. 3 sacks; nay, 500 tons; wool, 57 bales; hides, 1560. Dried Fruit at New Tork. NSW TORK, Not. 12. Evaporated apples quiet. Prime for November delivery quoted at 8M8Kc; spot tancy new crop quoted at 1111V4c; choice 1908 crop, 9Vt10Ho; prime, 8tt8c; common to fair, 648i4c. Prunes firm with a fairly active demand ito-y,, nffArlnm from the Coast. Quota tions range from 27c for' Calif omlaa W" . .n c A tAD. fni- nrrnni UP lO ,-dUB -J Apricots moderately active and prlcea steady. Choice quoted at 11 11 "4c; extra choice, llt4llc; fancy, 1212c. Peaches firm on the small stocks, choice quoted at 5 5t5'4c; extra choice, 6X6c; fancy, ',49ic. Raisins firm. Loose muscatels quoted at 45ttc; choice to fancy seeded, 5ttlc; seedless, SSibc; London layers, ll-20 1.25. New York Cotton Markets. NEW TORK, Nov. 12. Cotton Spot closed quiet, 20 points lower; mid-uplands, 14.75c; mtd-Gulf. 15.00c. Sales, 1000 bales. Futures closed steady. December, 14.34c; January, 14 4c; March and AprlJ, 14.87c; May, 14.79c; June, 14.70c; August. 14.31c; September. ltJ-HSc; October, 12.45c. Portland Spokane) Downing-Hopkins Co. BROXERS Established 1893. ROOMS 201 - 204 COUCH BLDO. STOCKS AKD BONDS PRIVATE GRAIN WIRES TRAVELERS' GUIDE. Mediterranean Service An excellent route to the Winter Kesorts of Southern Europe via Gibraltar, Naples, and Genoa with occasional calls at the Azores & Madeira Islands. The splendid, large steam ers CINCINNATI, HAMBURG. & MOLTRB sell Nov. 18 Dec. 9. Jan. 6, 29, etc. itop over allo-wed. Excellent connections from Italy for the Harobure & Anglo-American Nile Co.'s Service In Eg-vpt. I rf Utter and T" C Cunam .4 a. 'a 'a, JT i wu-a3crewa i itov ions THE CUNARD STEAMSHIP CO- ltd. c. Kw Tork. Boston. Chlesco, UlanesvoUs. niUdelphls,, St. Louis, 8a FnuMtseo, Toronto una Mo&itmI. or Xssosl Aa-eots. A GENERAL BUSINESS TRAVELERS QUIDS. $3Z3 JU13 ur Bsuumwi rrh Tnni Trrn II Effiaaagigjaa so DAYS I Goad Crabs by S. S. CINCINNATI sa N. Y- Jan. 39. t days la Eg ana He taad. Send fat fosmMd boos. I Hamburg Amerieanline ino PdFELI. PT.. PAN FHANCTSCO. The Pleasures of an Ocean Trip Are Assured On the steamers of the HAMBURG-AMERICAN LINE Hamburg Direct. NEXT SAILINGS S. S. Graf Waldersee, Dec. 4. Plymouth, Cherbourg and Hamburg. S. S. Amerika, Dec. 11. vrnr Jttl tvn New Service Ti Tahiti. HCII LLtlLniW Delightful South Sea Touts AINTRAIli or Rest Health and nUJlllrUJrl Pleasure. New Zealand, the World's Wonderland. Geysers, Hot Lakes, etc. The favorite S. S. Marlpopa sails from San Francisco Nov. 22. Dec. 28. etc., connecting at Tahiti with union Line for Wellington. N. Z. The only panarnjrer line from IJ. 8. to New Zeuland. Wellington and bai-k, $;u0: Tahiti and back, 12!S, 1st class. SOCTH SEA ISLANDS (all of them), three month" tour, $400. Book now for sailings of Nov. 22. line to Hawaii, 1110 round trip. Sailings every 21 d&fs. OCEANIC 8. 8. CO., 673 Market street, San Francisco. SAN FBAN. PORTLAND S. S. CO. From Ainsworth Dock, Portland, 4 P, M. S. S. Kansas City. Nov. 12, 20. etc S. S. Rose City, Nov. 19, Dec 3. From Pier 40, San Francisco, 11 A. M- 8 s. Rose City, Nov. 13. 2T. S S. Kansas City. Nov. 20. Dec. 4. M. J. ROCHE, C. T. A., 142 Sd St. t. W. Ransom. Dock Agent, Ainsworth Dock. Mala 402: A 1402. rhones Main JUS; A 1234. NORTH PACIFIC S. S. CO. For Eureka San Fran cisco and Los Angeles direct. Sail every Tues day at 8 P. M. Ticket office 13fe Third, near Alder. Phones M. 1314, A 1314. Send for folder. H. YOUNG. AffL - COOS BAY LINE The steamer BREAKWATER leVtt Port land eyery Wednesday 8 ! M., from Ains worth dock, for Nortn Bend, Miu-ahfleld and Coos Bay points. Freight received until 4 p. M. on day of sailing. Passenger fare, first class, 1 10; second-class. $7, including berth nd meals. Inquire city ticket office. Third and' Washington street, or Ainsworth, dock Phons Main 263- .1 i . . the unsurpassed m Luxurious Comfortable Ocean Travel Br the great 20,000 too steamers ' "CARONIA" Nov.27, Jan.8, Feb. M CARMAN 1A J an. zz, jviar. s . y ' Largest triple-screw turbine in the World 1 A ion . .P . 1