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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 5, 1910)
1910. 1 big bull ifi game Paul Horst Again Loading Up With Oregon Hops. NO DOUBT ABOUT IT Apparently Accaranltiny Supplies In the Belief That He Can Sell Them Later at Better Prices. No on In th hop trm-l now doubt that Ismyilm Lachmonit has d buying hop for Paul R- a. Hort. Mr. Uchmuad do not Mjr m BlntMlf. In fart, sivas oat tho ten pr!m that him pure bo bar boon for ether dealers. bJl It la botlcroil by bop m la Nw Tora. aa vU mm tn Portland, that t aecumulatloa U for Mr. Horst'a account. Thia fact b!n Mtt.xl to tho aatltfartlon of atl coacvnMd. the nxt qaootTon la. What im ha going to do with them? Tho Hont procramma this year la laid alorr dtffcrant lines from tha famoua cam- paJrn of 1M(. when thero wm paJpabla ooatlas of prlca to protect aariy pur c h aaera and c hea p cun t ra-o to. Th la year Ho rat baa bo much atork of eontmota. cor baa bo gxmm short on tha market, ao far aa anyone know, Hi baying aeema to bo lCttlinate aad purely for apoculatlro pur poeea. bol on the apparent aoundnaao of the market. Kervral Idtt.nnoJ lota hare bn ooevrod br Mr. Lnchmund ainc thoao laat reported. He booa-ht 0O bale In tha Independence ectton yeeterdar. but tha name of tha rower or tho price were nt divulged. Ha :eo boosht from McOellan 1HO he lea fwn en th Charles UvMiey place at a price of IS cents or a fraction better. Amooi the other buyer In tha market jreaterday waa If. I. Hart, who bought a B amber of lota acra;atlnc balea at price rangic from It to I- coots CAUrUHMA POTATOM IX MARKET Krrev Hoek Can Bo Laid Dewt Hera (hemprr Than Oregon. Caiifmrta potatoe are bin; offered on th W-al asarket an It t poibl that hoary hlpmenta will t dumped her In th feat fw week. They ran be laltt down at a prl. a kso fhsj. Oream and that la why they are ccmtn. Th lanled price of thee Cali fornia potato I cent to 91 pefJiondred. wh.l good trvrn roiuvn bo boubt In the ewr.'ry for I- than 91. r;!f.,.a ha a big crr of rrrer pntato thl year an 1 ha to aril them pretty quick. Trie acre la (ljrired at 4.0"0 and tt pro- a full mm. Tb Texao and Arisona mtrket hare been ftlfed up and tb California Tfer rrnwer. castlr about for an outlet for the urn.'us. ft and tfcy could rnd them aero r.t aril th-m at a profit under th piic of i rrc a It I nut ao much a queatlon of. prU-e a of getting lit of t.h.o goU. a river potato! are not ioeg keeper. They bar to be :i worked off in th nest 90 day ThTeVr tt ta likely that the local market will b weak ant oat tied for that length af time. There 1 a reoa. howoear, wby tro la: pot,t market ebouid sot be a good on. UJT CAR OF VALENCIA ORAMiES Zme f rlorida Cirawefrult Kw faa Transit to Thi ity. In aplt of the rain, a very fair amount of r-ualue waa don In th fruit market jeteMay. The demand waa principally for grape. which wer firm. Toka wer quoted, up to $1.73 tn crate and 91 S3 tn lues. Concorde oid at 13 cent. A car of Valencia oranga la dua tonight aad will protaMy b th lat car oC th eaeon. A car of grapefruit 1 out from Florida for thl market. Th apple trade I beginning to Improve aa th eson for Summer fruit pa. Cool we trier always stimulate tb demand for app:e. A tine shipment of Gravenstelns waa on display on Front street. They cam from tho well-known larina farm. In Clark County, owned ty Albert Hawklna. Mr. Hawkins ha established a reputation for th fin quality of bla fruit and tha acteatlfic manner In which It la packed. Ther waa a good demand for aweet pota toes, which were firm at 3 tf 2 centa They wtu b acaxca th latter part of tb week. fHWC I'fUCfcS MFLL MAINTAINED Froductlcm 1 Good, bat roalltoa of Markef is Itna. Cheese price or maintained on a steady bast a Ther t no likelihood of an advance "- n. nor la ther any c banco of a decline. Seattle dealer are trying hard to get th market down, but are not meeting with any ejece. Th Oregon make la large, a thia ta th flush Fall month, but tha trad la absorbing ail the offi-nns. aa It la recea aary to accumulate supplies now for th inter month, when production wltl be light. Seattle dealers ha been In th nurkft recently, but wer unabl to get chees at concvtna Ther waa another advance of 1 cent In butter at fan Francisco yeatenlay, making th board prit e JM, centa. Thia Southern rts will diminish the selling prcsauro from that Q-jarirr un the local market. City creamery t-uttT la in light supply, but plenty of tu!trn la offering. IVuItry aikd crga wer firm at unchanged prtccs. Milt AT 1'KJCEA HOIJ THEIR OWS Urary Haying Would Be u a Lower Baaia. a bHght Hare AdTared- Whrat Is seiiiog in a reasonably free way la many etlons of th Interior, but tb demand 1 not brjk. Th underton of th market 1 steady on th light trading, but price would Uoubtles bat to sett I to a loaer casta If th Northwest wer act Ire, aa freight rave a .1 a need lately, whll th toreicn market ha shown no gain. There wre no changea In oata or barly. Hotb line wer quiet. Local recent, m tara. wer reported by Uxm Merchant rlachange as follows: Wheat Parley Flour Oat Hay M wider 21' 3 JT 11 19 Tuesday TT . . 9 a 30 Tear ai 1:3 S 13 12 Reason to date 2- 1-17 6s) 373 m car aa -.vi 4W 303 31 H? Bsak Clemiiacm. Bnk cleartrgs of th Northweatem cttlea yesterday ere a follow: Clearlnca. balance. rortiaiul 1 m 9 y;s7 ba:tl 1.171 7 TO 1474 lacoooa l.l4tf.Uo ,opoklD t43.::73 3,vr3 rOKTLAND MARKETS. tegtahlr aad IniKf. URLKN KKflTi Apple, new. a0c991-30 per box. p-r. flu jr box; peaches. y SC'C per , ratr. gra; es. "wc Q tl.TS per box. Ic prr tket; cranberrlea 9x109 a M per barrel; huckleberries. 7 09c per p?ur J. M IA W atermelons. 91 per hundred; ranta.oupee, 9 1 V l- Pr crate; casaba. j ;.) per dsn. IRol'KAL KRl HS-Orange. Valencia. 9. ". rt 4 7'.; lrmor.a. tioli; grapefruit, 9-1 w t : per rox; barwui, j'iC pr pound; pineapp c p-r pound. VK;KTAHKK'S Heana. Z . pr pound; i-jt;t-e. 1 v - lf pound, cauliflower, W$l C3 r t l'x-; celery. ToiHV per dot; com. 1. per dt, rucumtn. r.'tfe per box. kplant. $1 l."0 per crate; garlic, lvc per lb.; green oniuna, lie par doaos; pepper. e per pound; pumpkin. IH par lb.; rrtthe. j:gic per dosen; aproeta 7c: aquaah. lWttlc per lb.; tomato. 13 a !T per bor. PACK VEtrTTABI,E Carrots. $11.2: hundred, 91-30: p rani pa, 1L: turnip. POTATOES Oregon. 91. 1.1 q S.33 9 bua dred: iwwt potatoe. 24'( Pr pound. ON JONS Oregon, buying price. 31-H par bunared. Grain, llewr. Feed. Etc. W H FAT Track prt-e: Blueatm. t r, club. Sc; red Huslan. c: 'alley. d: 4-fnld. HSe; Turkey red. J a Sc BARLEY Feed. 92 per Mr; DTW,n 12.1 per too. MILLFTCFFS Bran 9 per ton; mld dttrcv. 113; ehorta. 9-f; rolled barley. 9--30 w 23 ; FLOT'R Patent. $3.35 per barrel, tralght. 94..10ir4V3: export, l-i-70; Valley. 9V4H; graham, 3; whol wheat, quarter. 93.3. HAT Track prtcea: TJmothy. "Willamette ValJev. 9lft20 per ton; Eastern Oregon, 121 H22; aUalfa. new. grain hay. ''(ORX-Whole. 9: cracked. 933 per ton. OATP white. IJT per ton; gray. 92; Cali fornia red. 93 w 2T. Dairy aad Cow try prodore. POI.LTKT Hen. loc; Pprlna;. lftc; da.-ke. white. 17 17 He: geee. llulSSe; turkey. Ile. I've; dressed. 22 V tf23c; aqu.iba. tZ per doxen. HITTER City creamery. aolld pack, 3o per pound; prima. 3T?37He Pr pound; outaide creamery. 36r3c per pound; butter fat. 3o per pound; country ator butter. 74 f IVr per pound. CHEFTSE Full cream. twin, ITHO'k per pound; young America. lHfJlc. E-;f;S Oregon, candled. 34 ft 35c per flom n; Eiuitcrr. 2dQn2e -per dosen. pOKK Fancy. HVc per jmand. VEAL Oood. aeerage. 10r I lc par pound- BUYERS HOLDING OFF LESS 1XQCIRT FOR APPLES IX THE EAST. , Trade I More Exacting as to Va rieties, Sire and Grade The Foreign Market. f Th dally market bulletin of th Northwest ern Fruit Exchnng follow: Apple Ther I a perceptible falling off ta th inquiry from th trade nd a tendency on th part of buyer to b more exacting In re gard to varieties, aire and grades. This may MMwhlr be a teinDorarr coodUion. but w think it 1 largely due to th fact that price have been pushed upward until they ar too far out of line with buyers Idea of valu. The balance between upply" and "demand" always rprnt "true value. aad w think the sttuaclon will find a new adjustment b.-tly. which hou!d lndur rreer trade. Foreign mark eta 'm would Ilk our mem bers 10 give some tbooght at this time to th question of export. We are In the beat pneM ble position to take care of th export buH be, having Mills bl connections abroad. Th foreign market bare already taken nm of th erly varieile of boxed apple at very satisfactory nefs. Wern Gravrnstein ld In FicUb markets netted In New York 91. 0 to Western King void In ElglLeh mar ks: netted 92 to 93 in New Tork; Western Wealthlra netted In New York $'Z S3 to 92 7ft. Tho inllcatn awn farnrxb for fruit which 1 carefully packed aad graOd and only aua fruit vhouUl be ooasMered for export. V would like deflnlt aft-lot from all Interested a to whether It la dealred that any ahtpmenta be mad abroad. Eastern selling price At auction tn CM cago yesterday Holae. Idaho. Jonathans ld a f:ke: Fancy. 91. to choice, 91. 0. North Yakima, W a ah., Jonathan a sold at 91. Ta. New Flymoutb. Idaho, choir Jona than sold for 91 3 California Belineura aold at 91.13 to ?1 .'ft. FOREIGN DEMID DULL SALKS OF WOOIi FOR LOXDOX ACCOtAT ALMOST CKASK. Buslneaa In the lioMon Market Drops to Small Proportion Prices Are Maintained. BC9TON, Ort. 4. Bustneaa In tba local wool market baa dropped off decidedly dur ing th last few day, although price ar wU maintained. Large manufacturer ar said to be fairly wall stocked, while th for eign demand baa almost ceased. Transac tions -ar confined to odd Iota. Fleece wool ar In light demand and trad tn California In both grasy and acoured la only fair. Montana ataplo aella at S3c In great with 33c for half-blood cleaned. Som a lea of Ohio unwashed d-'laln at 26fec to 27 o ar reported, but medium fleece woo la ar In lla-ht demand. There la aome activity In local circle la foreign wool, but pulled wool continue dulL v TLoadoa iTot Pale. LONIOX. Oct. 4 Th offering a( th wool auctl.ina today amounted to ji.103 balea of good quality. Good merino were firm, but poor sort, aa weii aa greasy crosa bred, declined 3 per cent. On thousand bale ar withdrawn to date. Money, Exchange, Etc NEW TORK. Oct. 4 Money on call rtfady. 2u-H per rent; ruling rate. L'V per rent; closing bid. per cent; offered, -a per cent. Tim loan firm. 60 day. 4-4 p- cent; VO day. 4 4i)l per cent; aix, men tha, 4 il 4 S per cent. Prim mercantile paper. 5i96 per cent. Rifriine firhunia steady with actual business ta bankers' bl'i at 94 S3 13 S 4..S.WU tor ao-dsy Mil and at 94 .So-10 for demand. rommi-rfiai tnis. t w -- Par allvcr. 53 V c M'xlran dollars. 43c. i;orrnment bonds, steady; railroad bonds Irregular. LONIxN. Oct. 4. Bar silver steady at 4 13- l'Vi ir oun,-. Money. -u per cent. Th rste of diiwount in the open market for short bills la 3S per cent; for three month1 bil'. per cent. ietoM for money, 601; do for account. W 1-19. PAN' FRANCISCO. Oct. 4 Sterllrg on Lon don. tk day. S3; aight. 4.fitV rilver Dare fv -tc. Mexican dollar 45 He Iralta eight. 3c; telegraph. To. CHICAGO, Oct. 4. Exchange on New Tork. 3a d.scouct. Stocks at Boston. BOSTON. Oct- , drain g quotatlona; AUo-jri 44 M:aml Copper 19 Amalg. Copper.. A. Z- L. sm. Arizona Com. AtlttUttC 65V Mohawk 41 U7 Nevada Con. ... 2D1 m'yiiiirf Minea. lo, rt iNortb Butt..... 2l h a c c a s m. .North Uk jx Eutte Coalition. 1U Kta Dooiinion... 37 1. A Ariaona. -w n-eeeois. Cat a Hecla...33(l 1 arrott (3. a C- Z Centennial 1 kjuincr 73 Cop. Ran. C Co, 6. F- Putt CP- VL T Shannon ........ 10 H isuierlor 31 Vx Franklin U Glnux Con. .... 7 sup a ifoa Min.. sup A rttta cop. 12 noy Con. ... 3 Tamarack 3P Greene Cananea. S C. C. C. R. a 3a. SK do preferred .. 4S1 I. Koyale 1 Cop. 2-T Kerr Uk.... flHirtah Con. 23 H Lak Copper. . 31 , winona 9 Hi La Sali Copper 10S . U'olvwln ...117 Coffew aad 6 NEW TORK. Oct. 4. Coffee futures closed dull at a net decline of Vt 20 point. Sales wer reported of 17.730 bags. Cloaing bil: tv-tober. 8.73c; Xovtmber. December, S hoc: Mm irch, S;c. April. I VOc; May. S-lc: June. 2c; July. .y."c; August. !.ft4c: Septem- fi. '.' rnff. - n,.Iar t V... T tX 1 1C Santo No. 4. 11 V & 12c ' Mild "cuff quiet; t orcioT. hi u Raw auaar aieaay: siuacovaao. cn- fined sugar ateady. Dairy Prodoo bx tha Eaa. CHICAO. Oct. 4. BnttT ataady; cream- r e 24i av ; oaines, san - c. Ftga Recetpta. fm casea; steady at mark. ease inciuoeo. ie ic; nrsi. ac; prim flrscs. 23c. rt-e-e Steady: oaiaie. iftcyisve: twma. 14VBi3c; V-uns America. 131tfr.de; long bora. 16Stl5V". NStl" TORK. Ort 4. T4nttr Pteady ; creanvry xc:a !. 3os - ext ra. 2s S Vc Cce aad ggs icaay. aacaaagwo. CATTLE SELL Good Steers Move Readily at $5.50. COWS GO AT FIXED PRICE Day's Receipts Are Light, bnt a Mod erate Supply Is Carried Over From Monday and Trade Is -Active. Ther wit not mock new stock offered at th yard yesterday, only two cark-ad arriv ing, but a fair aupply had been carried over from the preceding day. enough to mak an active, market In th forenoon. A very good cattle market ! Indicated by th day" aale. Top grade steers mwd at 93 SO. three load at 9.1 23 and two at 95. Cow went at 94 to 94. V). the bulk of sale at the former price. Heifer ol1 at 9-23 and 9.W and heavy calve at 94 SO. Car! it inn at th yard In th past week wer summarised by th Livestock Reporter aa follows: Seasonable upheaval a occurred during th past week in cattle and rwin trao. an aupply continued enormous, due to persistent llouidatlon and wblk tho market on gooo tiers remalaed firm at 93-50 the bulk of the run com prised f - lr to medium t u If. A , wide range In th batcher catti division wun a very fair average tn th balk. Cow and heifer wer In demand and the market on inert tab la a he muff waa ateady. Som good bull were offered for the flrat tlm In aeveral week and th market Immediately advanced to the former top of 94. The demand for veil waa exceptional. Tie hog market fa considered steady to lower, with a demand good enouRh to keep it from taking any big drop. Receipts have been very good, both from th East and West. The mutton mar ket had a very Interesting session and waa featured by the lara number ox cnoic moun tain yearling In the heavy run. Price re mained firm on good stuff, but wavered on tha medium kinda. The day's receipt ware: 63 cattle. 14 calvea and 30 sheep. They wer ahlpped In by K. T. Rioe, of ebndan. - Th sale of th day were aa follow: "Welrht. Price, 13 ateera lt73 9o.O 2d steers 1I3H 6 30 r3 steers IMS 5 25 M fleers U.V 6.25 2H steers - ; 1 1 JH 6 ..1 M ster 113 5.y 31 cow a &7 4 0i 43 ouwa I." 4.W 1 cow 130 4.(K 25 cow 1120 4 25 2 cow a 1170 4 on 13 cows tK3 4 00 3 cow a 98 4.0O 21 cow H4'5 4f0 41 CL-w or'S 4.30 5 Cowa 1013 4 CO 27 heifera 877 4 23 34 heifer K;l 4 30 82 calvea , 2U 4.M 1 Mxt ..1310 4.00 1 bull 1400 9.UO Pricea current on th various clasiee of atocJt at t h Portland L nlon Stock yard a wer aa follow: Beef tem, good to cholc. ...1 S.OO-ffl 3.30 Hee-f ateers, fair to medium.. 4.30f 3.00 1. nine spayea netrer .uw Good to choice beef co. . . . 4.23 1 4.80 3teltum to good bef cowi..., l.Sy-ij 4 00 Common beef cowa 3.00 I 60 jtuiia 0 uv Stana good to cholc 4.0j 4.0O Calvos. iieht 7.ota 7.5 Calves, heavy 1.75 -ti 6.0ii Hoka too lO.OOtf 10.25 Hogs, fair to medium B.2.'id 10.00 Sh"p. bnt alley wethera.... S.2ao 3-30 She p. fair to good wethera.... 3-00 0 3.25 Sheep, best Mt. Adama wethers 4.oa q) 4. .i Sheen, best Valley ewes...... 3.00 1.54 Larrb, cholc It. Adama .... 323 tf 3.50 Lambs, cholc Valley 5.00 O 5.25 Kastora IJvevtock Market. CHICAGO. Oct. 4, Cattl Receipts. et! matd, 9Mi; market, teady. Reeve. 94. 609 7 : Texaa steera H.lwj5 w: W estern steer. 94frHL?0: stork ere and feelers, 93.4Oti5.70: cows and btUene. X30d3O; calve. 97.50Sr .75. liogn Receipts, estimated. 12.000; market, a'ow. Light. s.5: mixed. 4.1 &j4f9; heavy. .;Ofi8.ii: rotirh. 31't'H30; good to choice hvy. 9 .tW4iM.su; pig 9.1o8.SO; bulk of ulrA gS.4t',if.?n. 8hep Kecelpt. estimated. 45.000; market, ateady to shade lower. Native, 92.4Mj4.2u; Weetern. 92.7Mi4.lft; yerllnga, $4.30 a 5. 40; Lambs, native. 94.tfT; VS enern. S4-3u.Bu. OMAHA. Oct. 4. Cattle Receipts. 1?00 market. s(adv. Native eteera. 93.5&4 30; rows and heifers. $3i6 30; Western steer. $39 6.40; Texa ster. 94j3.30; range cow and hWfere, 9-.Sf-44 ti: cannera. 92 73(03.40; stock- era and feW-. $34id; calvea, 3tT7; bulla. stagi. etc.. .tf4.. ilnga (receipt 4200: market, shad lower. II raw. SH.2iK;H.56: mixed. 98.30640: light, 9 3"S.75; pigs, 98ii.75; bulk of aalea. $6-26 tsh-ep Ttecelpta 35.000; market. steady. Yearlings. 94 3t'f5 40; wetner. Xd OU04 wes, $3.25ta.b5; lambs, $6. 44 7. KANSAS C1T. Oct. 4. Cattle Receipts 15oO; market, steady. Natlv steers. $4. 739 7.73: natlv cow and heirera. I2.wti2.: stoker and feeder 33.40t5.75; bulls. 93.2f3 4 23: calvea. 94do; western ateers, JJ. ;.'!. oao Weetern cow. .7Mr-.T5. Hogs Receipts, Sh; msrket. weak. Bulk of sale. $H.3otiS.73; heavy, S-238.45; packers and butcher. xM.40erH.75; light. 3H-oVfiS.90. Sheep R'-ceipts. in0; market, steady. Mut ton. 9.-5Hi4 25; lambs. 95.71a-&75; fed weth ers and yearlings. $3.6X6; J Western we, $3.504. NO Mm SHORTAGE CASH WILL BE PLENTIFUL IX rXITED STATES THIS FALL. Oops Are Good and Balance of Trade in Favor of This Country. New York Pally Banker. It la unlikely that ther will be any shortage of money thia Fall anywhere In th I'nited States. This la not to h con at rued aa a promise to any particular Indi vidual, but la th large. Impersonal view of th Treasury Department, whose hand la on the puis of th Nation' financial and busi ness life, and represents the opinion of offi cials who constantly watch for symptom of any stringency. In their opinion, th dan ger mark. If ther haa actually been on durln th several months past, haa been left astern. They glv the reasons for their prediction of plentirul money: Primarily, tha banka aaw what looked like a money short g coming several month ago. They knew they oould expect no help from th I'nited State Treasury, auch a they got in and prepared themselves. They have piled up gold, built up reserves, cut down risky loans and turned Into money securities which might not b eaay to sell. New loan have been cloaely scrutinised. By doing all thl th banka hav fortified tharaaelvas against an emergency. How well they did It waa ahown last week, when $10,000,000 was moved out of New Tork to other bank without difficulty. Panic foreen never come, financier aay. Money I plentiful in England and on th continent of Europe. That la aald to b alwaya a good alga In making a prediction for thl country. Nearly avery crop In thl country thia year la reported to be a bumper on. Corn will aet a nw record. Four-fifths of th crop has been gathered, so tb chanc of loss from fro is small. Th oat crop la tba greatest tn years. Tha cotton crop will be l.OOO.OOO balea greater than It waa last year. Nearly all other crop ar reported very large. t In October. It 1 estimated. Investor all over th country will receive nearly 9170, OOo.OOO In dividend checks from Industrial, railroad and other corporation. That will add. of coura. to th money In general cir culation. The record crops ar on argument agamat a money shortage, because they mean that th United States will hav a great amount of food and manufacturing materials to aell to Europe. Kurope, In th meantime, will b soiling material to America, but undoubtedly not to tb extent It did last year, and, therefor, will owe Americana money. Thia will n paid In gold, which will com across th ocean tn bars. Th banks will tak It to tb United States mtnta or aub-treasuriea to g stored away in th vault and gold er- tlfleate will be Issued to represent It, tbus several more million of dollars will coma Into circulation for business. This Is what financier call th balance of trad, and In such an tnataoce It would h In our favor. If th reverse were true. If crop bd been poor and Europe aold th United State more than it bought, the United State would hav to pay th differ ence In gold, a It did In August, to the extent of 93.000.OOO. and th balanc of trad would b against us. Th question may bo asked why the Treasury Department could not help the bank now as It did In lOS. The reason Is that il ha not the money.. The expense of digging th Panama Canal la from $2. 000. OOu to 9 1.O00.00O a month and Is a great drain on the Nation's ready cash. It waa th Intention to build th canal with bor rowed money obtained from sale of Panama Canal bonds. But for many reasona bonds could not be sold on favorable terms, and Uncle Pam haa been paving canal workers out of hi cash drawer until now th canal owe the Treasury $125,000,000. On of lb beet reason why Treasury officials believe there will be no money stringency la that the National banka them selves are prepared to lsue $500,000,000 ex tra currency, as th emergency currency law per nil ta If they have to. Through the ef fort of Secretary MacVeagh. bank In most of the large cities have prepared themselve and other ar getting ready. Mr. Mac Veaxh believes the common knowledge that such an Immens sum la available would atop any general movement to tak money out of banks and hoard It in stockings. ADVANGElsluT RAPID UPWARD COURSE OF STOCKS RECEIVES A CHECK. Operators All Conservative In Deal ing on the Long Side of the Market. NI7W TORK. Oct. 4. Without esMntl.l chAD(. tn th. vlewl MtertaUwl tn jrtock mar ket clrclM of the prospect, for value, there developed today a note of conirvatlm In pursuing- operation on the long side of .the market. The motlvea for the changed attitude of the speculator were found largely In technical const deration. Operator, themselves said the advance xu In danger of overrunning the rat. of the Improvement discerned In financial and business affairs. Strength In the cop per electrical, and Hawler stock sustained the later market today. The reactionary ton. was connected with fur ther consideration of one or two factor that seemed to be Ignored yesterday, such as the weaker bank position and the cut In prices of pipe. The knowledge that specification on contracts In the steel trade in September were larger than new order buitnesF. point to an other eductkn In the volume of unfilled or der on hand on October 1. In the report to be made next week by the United States Steel Corporation. A decline In the quarter's net earnings and a poor prospect for the new quarter's earnings will be the inference from such a showing. There was a constant sup ply of United States Steel for sale today from tbl cause. Th Indifference of the call loan rate to the shrinkage In the supply of bank credits loses some of it effect In face of the decided hard ening of th rate demanded for time loans. Discount rates In LrfMidon hold Arm. hut the discount rate ylekled In Berlin owing to the troubled labor situation In Germany. Th show of itrength In th. copper Indus trial grew out of the higher price for the metal in the London market. The strength of cotton and corn kept opinion open on the crop results. Bonds were Irregular. Total sales, par valu. 1.U.VI.0O0. I'nited States bonds were un changed on call. CLOSING STOCK QUOTATIONS. ' Closing Sale. High. Low. Bid. am. rh.liMi. nf too 34 a 32 Amal Copper .... lino eT. 64i 63 Am Agricultural .. loo 1 Am Beet Sugar .. 1,3K 3U 34 3 American Can 4UU HI. Am Car 4 Fdy .. Am Cotton Oil .. Am Hd Lt pf. . Am Ice Securt . . Am Llnaetd Oil.. 4f 4S1, 48 it K-'i 21 2K IHlfc 1M, 18 2M 12 12 11 Am Locomotive 3S Am Smelt 4 Ref.. 14.non !i (M'i (W do preferred ... Suo lt.2 milt Am Steel Fdy 434 Am Sugar Ref .. 1!K 117 1 15 llti Am Tel Tel .... l.oort l.T7' 1.174 i:!7. Am Tobacco pf .. f4 Am Woolen 4iO SO 214 IK'. Anaconda illn Co. .too 4o 4o( 4l4 Atchison 6.!i KH ll)o luui do preferred ... HO l"o 4 1"04 I? Atl Coast Line ... :") 114 114 113 Bait ft Ohio J.oO- lo7ti lo"i Bethlehem Steel .. am 2.x 28 27 Brook liau Tran. 2.2 77l 76 H Canadian r-aclno . . Hon mi ll . llt.iS Central Leather .. l.HO 35 344 do preferred . 100 104 105 I'M Central of N J SO" Ch.s & Ohio 10.3UO 81T l SIS Chicago Alton S." Chicago (It West. 31 24 24 24 do preferred ... 2'" 4((. 4H 47:, Chicago X W ... .".' 14.S 148 147 C. M & 8t Paul .. 12U 12274 J23 c, c, c a L "5 Colo Hue! & Iron. 5o0 S2T .124 S24 Colo Southern.. WO 5 51 oti'.i Consolidated Gas.. Uli 133V4 134 Corn Product ... t0 IS 15 l."i Del i Hudson 105 4 1 R Grande ... 5 32 32 314 do preferred ... lvO ":!(. 73i; 72 Distillers' Securi.. 3 So 2!I4 2t4 Erx 3.9.K) 274 27V. 27 do 1st preferred, l.ino 44 4S 44 do 2d preferred. :ii 0 34 3 34 General Electric .. 2.4.0 14S4 144 143 Gt Northern pf ... 1.7. 12s 1274 128 Qt Northern Ore .. "0 57 .VJv, 57 Ullnoi Central ... 2 1.13 l: 132 Interborough Met.. 1.") 21 2iii 2 do preferred ... 1.4 5il 5rt 5U Inter Harvester .. 6fu 994 M Inier-Marln. pf 17 Int Paer 3"" 124 124 124 Int Pump S"0 42 42 42. Iowa Central ) 17 174 17V4 K C Southern ... 5" 314 30 31 do preferred ... !" 44 44 H44 Laclede Gas 2 1"4 l'A'.k Ijoulsvllle & Nash .v 118 1454 145 Minn St Louis. " 2- 24 244 M. St P S S M. e 132 131 131 Mo. Kan Texas. S.') 334 32 324 do preferred tl34 MlMOUrl Pacific. .. 00 04 544 54 4 National Biscuit K'!4 Natlonul ld ... I.""" 53 53 53 te X.t Rv 2d of 7w 32 .( 1 M 32 N Y Central 2..".i 1144 113 113 N Y. Ont & West. 1 41 41 414 Norfolk & West.. 1.200 P9 S4 8S Nonh American 6-8 Northern Pacific .. B..VO 11 1174 1! Pacloc Mall 2"" -' 3"?a 32 Penrsylvanla B."" 13'J 13" l.'lotj, People's (ias Jtv io. n iui 4 P. C C & St L ." Pittsburg Coal 300 17 17 17 Pressed Ste.l Car. 100 34 34 344 Pullman Pal Car 161 By steel Spring .. 3"0 34 334 34 Reading 10S.I0O 148 147 148 Republic steel .. o"0 4 t it2 tin n referred ..... H3T4 Rock Island Co.. i.SPO -32 31 314 do preferred ... 1" 44 644 M St L S F 2d pf 2 404 40 404 St L Southwestern 3O0 294 29 4 28 do preferred ... io o.t. a. 4 t? Sloss-Sheffleld So 584 57 . 54 Southern Paclflo .. 7.2. ili 115 1154 Southern Railway. 200 24 23 244 do preferred 044 Tenn Copper .... i.0f0 JH S3 344 Texa A Pacific. 20 274 274 274 Tol. S L West. 3-0 264 2." 2.". do oreferred ... i- '. o Unlun Pacific 48.7O0 ltw 167 lrt4 do preterrea ... i.wv sir 92 V S Realty 674 U S Rubber 600 37 36 364 U S Steel 10S.1.O 70 69 704 do ore r erred ... .wv ii9 Jltv4 iik Utah Conner 12.2'MI 4 474 48M V-Oaro ChemlcaL f 59 59 66 Wabash 4"0 17 16 16; do preferred ... WW XV Si 4 37 Western Md 3.0 48 474 474 Weenlrghouse Elec T l 7" 67 704 Wsstern Union 1.4".) 74 73 4 74 WSel L Eli.. 100 5 5 5 Total sale for tb day .442.900 shares. BOND?. NEW YORK. Oct. 4. Closing quotations: U. S. ref 2s reg.lO0N. Y. C. gn 34 S6B ao coupon ...iuv .o. r-aciric 3S. 7115 C. S. 3 reg 101 So. Pacific 4. ..1!1 ao coupon . . . lui it nion racuic 4x.loi4 U. S. new 4 reg. 114! Wis. Central 4.. B4 do coupon ...115 Japanese 4 .... 89B D. A R. G. '4s. . . 93 I Daily Treasury Statement. WASHINGTON. Oct. i-TTii condition of th Treaaury at th bcflnning of busineaa today wai aa zouowa: Truat lunda Gold coin $4.ft03.4R9 Silver dollars 773,n"J Silver dollara of 1S& S..p42.0o0 Silver certificates outstanding--'- 464.773.000 Oenerai runa Standard sliver dollars In general fund D.9WJ.T77 Current Ilabilltlea 101.603,01a Working baianca in i reaaury oi- fica . 33,0S,71l In banka to credit of Treasurer of the United Statee S4.7W Subsidiary alWer coin 1S.7.7M Minor coin KA3...3) Total balanc In general fund... 03,296,051 DANUBE BY DROUTH Crop News From Argentina Sends Up Wheat Prices. SHORTS RUSH TO COVER All the Xcws or the Day Is Bullish. Flour Business Also Showing Improvement Material Gains at the Last. CHICAGO, Oct. 4. The wheat market was In prime condition for a rally, when the drouth-damage new from Argentina, came out. Considerable wheat had been old short here of late at low figure and the seller were nervous . about It. Report of a. IRO.UOO-bushel decrease In the European vis ible supply formed a strong contrast with an Increase of 1,400.000 bushels year ago. Primary receipts only half those of 12 month previous added to th tension on the part of the ahorta. Then, too. flour business waa exhibiting improvement and European markets were generally higher. Th. bulls got a little comfort from a gain of S.2SS.O0O bushels In the world's stocks, as during the same week laat year there had been an in crease of 17.360.000 Vaahels.. Each dip In pricea was followed by an upturn until the tone of the trade changed and a genuine buying flurry had control of th. pit when the gong shut off the eager bidding. De cember ranged from 9t4c to 1)7 Vo and closed 14c up at 87474c, with the feel ing decidedly firm. The corn market showed strength all day. December selling between 44c and 504c and closing ateady. 4 6 4c up at 5Ujj5V4c. Cash corn finished firm, with No. 2 yellow at 514 32c. December oats fluctuated 324c and 384c and In the end waa at 324 6 4c, Q ofHWSc over last night. Short sellers of provisions were made cau tious by the strength In the grain list- Lat est figures left pork 74c to 30c dearer; lard unchanged to Sc up; rib at an advance of 3c to 15c. The leading futures ranged as follow: WHEAT. Open. High. Low. Close. Dec. I .964 .97 4 $.964 ' May 1.0:4 1.0SH l.3 1.03 4 July. 1 .98 .; .98. CORN. Dec 11H -34 May 364 -S'ts slESS PORK. Dec 17.40 17.674 17.374 . 17.674 May 16.90 17.00 16.60 17.00 LARD. May 10.02 4 10.15 10.02 4 10.15 Oct. .. 12.6i 12.55 12.50 12.06 Nov".: : 11.60 11.65 11.674 11 65 Jan IDS 10.52 4 10-47 4 10.63 4 SHORT RIBS. Oct. 11.00 1107 4 "00 "O'V. Jan 9.25 9.35 9.25 5 May.!.... ! -30 1.2 9.J0 cash quotation were aa follow: Flour Steady. H v o 2 .14 if 75c SirFeed or mUitf, 0(9i5c; fair to choice malting. 7ffl7Jc ..... Flax eeU .no. 1 .Southwestern, $2.57. No. 1 Northwettern, $2.70 Timothy seed .60.tO. Clover $8 0 14. 60. Pork Mess, per barrel. I1818.Zo. Lard fer lou pounds. 812.05. Short ribs Sides (loose). li . 5 011. 60. Sides short, clear tboxed). $11.. 5 11.H74- Gram statistic: Total clearance of wheat and flour were equal to 59,000 bushels. Primary receipts were l.ias.Ouo bushels, compared with , "kS 000 bushels the corresponolng day a year ago The world's visible supply, as ilwwn by Bradstreet s, increa.eu. ...oo.vuw "r."""' Kstlmated receipts for tomorrow: Viheat, 84 cars; corn. 260 cars; oats. 140 cars; hogs. 10 head. Receipt., Shipment. Flour barrel 38.700 17.S0O Wheat. bul.e". 84,000 83.700 bushels 450,000 811.000 S busi.e,, ::::: 2S8..oo 197.800 SarWhel.- """i:: lltSi lV.360 Grain and Produce .t New York. NEW TORK, Oct- 4. Flour was quiet and bSWhyeaBt-?pyot .teady; No. 2 rej. 11.02 elevator and $1,014 f. o. b. afloat; No. 1 Northern Duluth. 1.204 f. o. b. atloaV Market was Ilrmer on covering by horts. Influenced by better cable than expected and report oi cruj u..i..c ... 5 "! SJ!J!''L "SSST iSS! j. imua, i'..'" - 810'JS- Receipts, 4..WU. Hops dull. Hioes strong. 1'etroleum steady. Wool Quiet. Grain at San Francisco. . SAN FRANCISCO. Oct.- 4. Wheat steady. basp?i uoatlons: Wheat Shipping. l.o 1.55 per cental. j.; i' .t 07 Uc tier cental: brewing. 81 02M.wl.074 per cental. bats Keu. Sl.15ei.274 per cental; white. 81.5"4.1.oO per cental; black. $1.351.50 per 1 Call board sale: Barley December, $1.02i per cental bid. 1.034 asked; May $1.08 per cental bid. $1.0S4 pr cental aked. Corn Large eliow. $1.0248 05 per cental. f Minneapolis Grain Market. MINNEAPOLIS. Oct. 4. Wheat Decem ber l.t'S4 4rlos4; May. S1.124W1 124 CashNo. 1 hard. $1,114: No. 1 Northern. XI 104W110S: No. 2 Northern. 61.Ua ;. W 1.V.S4: No. 3 Northern. .1.034 tp 1.00 4. . Flax' closed at $2.70. Corn No. 3 yellow. 51.114c Oats No. 3 white. 31,324c Rye No. 2.. 7QS71C Kuropean Grain Markets. LONDON, Oct. 4. Csrgoe steady but In active. Walla Walla for shipment 37s 8d; buvers reserved. English and French country markets, quiet. LIVERPOOL. Oct. 4. Wheat October, 7s 4d; December. 7s 44d; March, as 44d. Weather, fine. Iruluth Flax Market. DCLUTH. Oct- 4. Flax on track, to ar rive $2 6: October. November. $2.6 asked; December. $2.64 asked; May, 12.64. Grain Market of the Northwest. TACOMA. Oct. 4. Wheat Milling: Blue stem. 9t4i&te; club. 83c. Export: Bluestem. tine: club, b3c; red Russian, blc; fortyfold, 65 lRecelpts. wheat. 108 cars, barley, 8 .cars; corn. 2 cars; oat. 3 cars; hay, 1 cars. SEATTLE, Oct. 4. Milling Quotations: Bluestem, bc; fortyfold. 84c; club. 83c; Fife, fc-lc: red Russian, blc Export wheat: Blueatem. 85c! fortyfold, ile; club. Sue; Fife, sue: red Russian, 78c Yesterday car receipts, wheat 38 cars, oats 9 cars, barley 6 cars, hay 37 car. Change, in Available HuppUea. NEW TORK. Oct. 4. Special cable and telegraphic communication received by Bradstreet how the following changea la availab'e aupplle as compared with previous accounts: Bushels. Wheat. United States east of the Rockle. Increased 2,004.000 Canada, Increased S.884.000 Total United State and Canada, Increased 6,48.000 Afloat for and tn Europe, decreased 200,000 Total American and European aup ply. Increased 6.28S.0O0 Corn. United Statea and Canada, increased 111,000 Oats, United State and Canada, de creased 865.000 fVool at St. Louis. ST LOUIS, Oct. 4. Wool Unchanged; ter ritory and Western mediums. 184l23c; fine me diums. 17620c: foe. 14617c. TBAVELEBS GUIDE. O. R. & N. Aetoria Route. STEAMER HASfiAtO Leavea Port! a l A daily except Saturday at 8.U0 P. M. Ifake all way -andfejes. Arrives at Astoria at 6:00 A. il. Leaves Astoria dailv. except Sunday, at T:(K A. M. Arrivee port laivd an :00 P. M. Makea direct con nectloa vrAi itrimer Xabcotta for Megler. Iiwaco. Lon Beach, and ail polnta on thm II w a oo Railroad. THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus m Profits, $800,000.00 OFFICERS: j c. AI59WOHTH, President. R. W. SCsTMEER, Cashlev. K. LEA BARHKS, Tice-PrealdenC Jv. M. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Canter. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES lumbermens National Bank CORNER FIFTH and STARK STREETS PORTLAND, OREGON Capital Portland Trust Company BANK . Oldest Trust Company in Oregon Capital $300,000 First-Qass Mortgages for Sale Corner Third and Oak Streets First National Bank Capital $1,500,000 Surplus 750,000 Oldest National Bank West of tha Rocky Mountains Bank Notice Security Savings and Trust Company Corbett Building, Fifth and Morrison Streets Capital and Surplus $900,000 Invites Accounts of . Merchants, Individuals and Savings HAMBURG - ORIENT An Oriental Cruise leaving New York January 28, 1911, by the S. S. CLEVELAND, for Madeira, Spain, Italy, Greece, Turkey, Egypt, Holy Land, etc Duration of 80 days. Rates from ?325 up, includ ing " landing and embarking ex penses. ALSO CRUISES TO THE WEST INDIES, SOUTH AMER ICA and AROUND THE WORLD. osj fm- II I it it rated book. HambuTg-American Line, ISO Powell SL XBA VKLKim CCIDB. SAN FRANCISCO PORTLAND 88. CO. New service to Los Angeles via San Fran cisco, every five days. From Alnsworth Iock. Portland. 4 P. M. S3. Rose City Oct. 9, Beaver 14. Bear 19. From San Francisco northbound, li M. SS. Beaver Oct. 8, Bear 13, Rose City lo. Frorft San Pedro northbound. S3 Bear Oct. 11. Rose City IB, Beaver 2L it. U. Smith, C. T. A... 142 Third St. j w. Ransom.- Aarens. Ainswortn cs phones: Main 402. 286: A 1402. San Francisco, Los Angeles and San Diego Direct North Pacific 8. S. Co-" S. B. Roanoks and S S. Elder sail every Wednesday alternately at P. sL Ticket oftica laa Third st., near Alder. MARTIN filGLEY, Passenger Aseat, Vf. H- SLLSSLR. FrelgUt Aseat. phones M. 1814. A Wit. COOS BAY LINE 6TEAMER BREAKWATER sails from Alaska dock. Portland. S P. M., October 4. 11 18 23 and every Tuesday night. Freielt received at Alaska dock until 5 P. U. dai'y. Passenger fare, first-class, $10; second-class. ". Ineludln meals and terth. Tickets on sale at Ainsworih dock. Phones Kain 2SS: A 1234. $500,000 AMERICAN LONDON PARIS HAMBURG Deutschland Oct. 8, 8 A. M. Bluecher .... Moltke Pres. Lincoln ...Oct. 12 12 noon ....Oct. 15, 12 noon .. .Oct. 18. 10 A. M. GIBRALTAR, NAPLES. GENOA 8. 8. CLEVELAND. October IS, 11 A. M. 8. 8. CINCINNATI. Nor. 3. 10 A. SL 8. S. BATAYLA Not. IS. 1 Noo S. Si CI.EVELAND ....Dec. 6, 10 A. M. New 17.000 tons, elevator, electrlo baths, e-ymnaslum. etc. Guide and Travel Books on Sale. San Francisco or Local R. R. Agts, Portland BITULITHIC Makes good streets. Property owners who have paid for it know this. Ask them about BITULITHIC