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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 1, 1911)
THE MORNING OREGONIAN, TRTDA.Y, SEPTEMBER 1, 1911. 19 PARITY WITH EAST Sugar Prices Are Advanced Ten Cents on Coast. MOW $1.55 ABOVE BOTTOM World's Markets Are Strong atad Higher Trices Are Expected. Better Demand for 'Wheat In Country. There was a 10-cent advance In refined sugar prices on the Coast yesterday. This was expected as the Eastern market had previously advanced. Yesterday's rise again puts the Coast on a parity with New York. The world's markets continue strong and further advances. ,are expected. The course r .local prices since the be ginning of the year has been as follows: January 1 S5.S0 February 2 B.SO March 16 B.40 June 13 . 6.80 July 7 . 6.70 July 21 6.85 July 25 6.95 July 27 6.15 July 28 6.25 August 11 6.15 August 23 6.45 August 24 6f5 August 24 ........................... 6.5 August 29 6 75 August 31 6.85 Commenting on the sugar situation. Wil lett & Gray, of New Tork, say in their lat est circular: "No one who is well informed predicts a smaller total outturn in Europe than 7,000. 000 tons of sugar, and if such a quantity Is made, along with Increased cane crops, the present prices more than discount the expected European crop shortage of 1.100, O00 tons, but prices may go still higher, as we have not enough sugar at present pro duced in the United States or Its possessions, or in Cuba, with whom we have a reci procity treaty, to successfully compete and keep prices within reasonable bounds. This is an indication of how we would be at the mercy of the European markets if all the duty is taken off sugar in the United States and our domestic Industry destroyed." COUNTRY WHEAT MARKETS FIRMER Large Bayers Offer 80 and 81 Cents for CInb. There was a firmer feeling In the wheat market yesterday. The larger buyers were firm in the country, and one of them bid op to 80 and 81 cents for club. Bluestem was quoted firm at 85 cents. There was some demand for wheat from the Orient and also Inquiry for flour. The barley market was strong at the prices that have prevailed for several days past. Oats were firm In sympathy with barley. , Local receipts. In cars, were reported by the Merchants Exchange as follows: Wheat Barley flour OataHay Monday ........ M Tuesday 37 Wednesday .... SB Thursday ...... 71 Year aiyo 4! Season to date..o Year ago 828 17 1 10 4 4 3 6 1 4 8 10 t 7 10 14 4 445 OA 814 63 4li9 221 446 1618c; pecans. 18c; cocoanuts, 90 SI per dozen; chestnuts. 12tto per pound; hickory nuts, 810c per pound. BEANS Small white, 4c: large white, 4c; Lima. 7c; pink, 6c: red Mexicans, 614c; bayou, 5c. RICE No. 1 Japan," 4e: cheaper grades, 83.506 4.35 Southern head, 647c- lm- ?orted Imperial, 6c; imported extra No. 1, 6 7 c. v SUGAR Dry granulated, 86.85; berry, 88.85; beet. 8D.65; extra C, 85.75; powdered, barrels. 87.05; cubes, barrels, 87.25. DRIED FRUITS Apples, 12te13o per pound; apricots, 16c; peaches, I013c; prunes. Italian. 10 11c: sliver, 18o; ngs, white and black, 6!a7c: currants, J0 11c; raisins, Ioobo Muscatel, ehi&lhic; bleached Thompson, 11 c: unbleached Sul tanas. 814c; seeded. ffOVic . Dairy and Country Frodace. POULTRY Hens, 1014c; Springs, 16c; ducks, young, 1516c; geese, 11c; turkeys, 1810c. I BUTTER Oregon creamery butter, solid pack. 31c; prints, extra. EGGS Fresh Oregon ranch, candled, 26o per dozen. CHEESB TtvItis. triplets and daisies, 15o per pound: young America, 16V4C POIVK Fancy, lOH'q-llc per pound. VEAL Fancy, 13V&14Hc per pound. Hops. Wool and Hides. HOPS 19U contracts, 35c; 1010 crop, nominal: 1909 crop. 27c; olds, 1720c. MOHAIR Choice, BO'S 37 Vic per pound. WOOL Eastern Oregon, 9 9? :16c per pound, according to shrinkage; Valley, lo0 17c per pound. PELTS Dry, 1014c: lambs. 2540c each: shearings. 10. 200 each. HIDES Salted hides, 10c per pound; salted calf. 16'17c: salted kip. 10 Vic; salted stags, 6?4o: green hides, 9c; dry hides. 18c; dry calf. lu20c; dry stags, 1213ttc ' Oils. LINSEED OIL Pure raw, in barrels, 91c; boiled. In barrels, 93c; raw, lir cases, 90c, boiled. In cases, 98c. TURPENTINE Cases, 76c: wood barrels, 73Vic; Iron barrels, 63c: 10-case lots, 72c. GASOLINE Motor gasoline, iron barrels, 17c; cases, 24c; 86 gasoline, iron barrels, 81c; cases.- 89c. COAL OIL Ordinary test, cases, 16c; bulk. In tanks, 9 He DRIFT IS, AIMLESS After Opening Changes, Stock Movement Becomes Narrow. Provisions, HAMS 10 to 12 pounds, 1920c; 12 to 14 pounds, 1919i4c; 14 to 16 pounds, 18i& 19c; 16 to 18 pounds, lSVjl'Jc skinned. 19ic; picnics, lllc: cottage roll, lttttc. SMOKED MEATS Beef tongues, 75c; dried beef sets, none; outside, none; insides. oc; Knucaies, 21c LARD Kettle rendered, tierces, 13c; tubs, 13 (4c; standard, tierces, 11c: tubs, llfcc shortening, tierces, 7c; tubs. 8c. BACON Fancy. 27c; standard, 25c choice. 22c: English. llH4i17c. DRY SALT CURED Kesular short clears, dry salt, 12c: smoked. 13Vic: backs, llclit. salt, 1314c: smoked, 14V4c: backs, heavy salt. Jitc: smoKea, Hftc; exports, salt, 13c smoaea, 14iC. BEARS ATTEMPT RAIDS ACTIVE CATTLE MARKE GOOT RO A XT) STEADY PRICES AT YARDS. INDEPENDENCE HOPS CONTRACTED Joe Hubbard Sells His Crap to Kola Jfeis at 85 Cents. Word was received, from -Independence yesterday that Joe Hubbard had sold his crop of new hops, about 100 bales, to Kola Nets at 35 cents. This is the only new transaction in the contract market that baa been reported this week. There were no other sellers in the Independence district at this figure. No cables were received yes terday. Beer sales In Great Britain for the six months ending June SO, 1911, according to Government returns, show an Increase of over 2 per cent, compared with the same period of 1910, and over 814 per cent com pared with 1909. Imports of hops Into Great Britain, less exports, for the months of September to July, both Inclusive, . were 175,345 cwts., which compares with 100,360 cwts. for the corresponding period a year ago, and with 161,739 cwts. two years ago. PEACH MARKET IS IN GOOD SHAPE Demand Takea Care of the Large Receipts Slump In Tomatoes. . The market took care of the large re celpts t peaches yesterday in very good shape and there was no material change in prices. Good cantaloupes continued scarce and firm. The melon market was very firm. A car of Malaga grapes arrived and all grapes were rather weak. Five cars of bananas came along in good condition. The tomato market has gone to pieeca. There were large receipts from Southern Oregon and other points and prices dropped to 4X35 cents. Local stock is supplying moat of the retail trade.. Hogs Are Lifted 15 Cents to $8.50 No Change In Sheep - Situation. . There was a good run of cattle, hogs and sneep at the stockyards yesterday, and trad' lng throughout the day was on an ac tive scale. The bulk of the business was in cattle. Nothing was offered equal In quality to the lots handled on the preceding day, but the market throughout was steady. A big bunch 01 220 steers was sold at 15.35 and other steer sales were at 84.75 to 85 25 and fancy calves were a half-dollar higher at 88. Heifers brought 14.60. There was an advance of 15 cents in the hog market on the sale of a load of top graae stun: at sb.oo. There was only one transaction in the sheep line, a bunch of 233 head, which brought 82.80. Receipts yesterday were 474 cattle, 104 calves, 019 sheep and 792 hogs. Shippers were Charles Smith. Shanlko, cars of cattle; H. s. Nell, Condon, 2 cars of cattle and calves; Aleck Llndsey, lone. z cars or sheep; J. o Brlen, Warwick, car of hogs; William Shepard, who drove In 25 sheep; D. L. Houston, Glendale, 2 cars or sheep; J. E. Pelton A Co.. Roseburg, 1 car of cattle; George Kohlhagen, Roseburg, 8 cars of cattle; W. W. Cooper, Union. 1 car of cattle and calves; Henllne ft Son. iseorasKa, s cars or nogs; R. Erlckson, Welser, 1 car of cattle and calves; McKln- non ft Chandler, Elgin, 1 car of cattle, and H. Blackwell, Ontario, 1 car of cattle. The day's sales were as follows: Weight. 10 steers 992 14 steers 725 2 steers 935 233 sheep 79 11 cows 1082 9 calves 270 Chickens Sell for Better Prices. The poultry market was firmer yesterday, Receipts were light and the demand strong. er. Hens and Springs sold at 16 14 cents. Dressed meats were scarce and firm. The egg trade was quiet and prlcea were unchanged. Butter and cheese were firm at the former prices. I Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $1,613,654 8264.043 Seattle 1,381,457 146.930 Tacoma 063,331 40.9 1 5 Spokane 684.539 105.011 PORTLAND MARKETS. Grain. Floor, Feed, Ktc nrnftv t . i . i 1 DiCn. club. 800 81c; red Russian. 79c; Valley, 80 81c VI nr"R Patents. 84.95 Ter barrel: straights. 83.85; exports, 83.60; Valley, 84.80; graham. 4.iu: wnoie wneat, .ju. AllLLai Lr rs ortin, e-9..'y,:o per ton. middlings. 832; shorts, S2J.50&26; rolled barle v. 132 ft 33. CORN Whole. 833; cracKea, 134 per ton. BARLEY New feed. 831S32 per ton; brewing. 130)937 per ton. OATS isew wnite. soizf per ton, HAY No. 1 E. O. timothy, $15 16; No. 1 valley. 814; alfalfa, $12; clover, $8.60; grain hay. 911. Vegetables and Fruits. TROPICAL FRUITS Oranges. 84.50'6 1.75 per box; California grapefruit, 83&3-7S; bananas, 5fc5Ue per pound; pineapples, 6c per pound; lemons, sow o.uo per dox. Ki.ll I- itLi i-i cantaloupes, tlV l.ov per crate; peacnes, per dox; watermelons, Hc peh pound; plums, 90o tvl.75 per crate: prunes, si.10 per dox; 2.25 per box; pears, $1.25 1.50 per box; grapes. 81 1-50 per box. VEGETABLES Beans, 610c; cabbages, 82 per hundred weight; corn, 259 300 per drxen: cucumbers, 81 1 1.25 per sack; egg plant. 6 a 8c per lb.; garlic. K4j 12c per ftound: lettuce, 3035c per dozen; hothouse ettuce. S1.2jal.7: per box: peppers, 810o per pound; radishes. 12'4c per dozen; toma toes, ouv o-'C per dox. SACK VEGETABLES New carrots, $1.75 per sack: turnips. $1.25; beets, $1.75. potatoes Oregon. Hie per pouna; sweet potatoes. 3o per pound. UMunti cauiornia, xpi.su per nunurej. Staple Groceries. SALMON Columbia River. 1-oound tails. $1.10 per dozen: 2-pound tails. $2.25; 1- pound flats, (2.40; Alaska pink, 1-pound tans. J I...). COFFEE Roasted. In drums. 23 3' 30c per pound. HONEY Choice, $3.75 per case; strained honey, 10c per oound. SALT Granulated. 815 per ton: half- cround. 100s, $8.50 per ton; 50s, $ per ton. NUTS Walnuts. 17H618a ner oound: .Brazil nuts, 14&16c; filberts, ltfo; almonds. J Price, $4 4.35 4.75 2.80 4.50 7.25 1 stag 1640 4.00 1 steer 1163 8.25 3 cows 1016 4.00 10 cows 7S0 . 3.75 3 calves aM. 220 6.00 15 calves 220 8.00 9 calves S06 v 7.00 1 can 130 C.50 6 calves 191 7.76 4 calves 607 4.50 13 calves -....1 425 6.50 8 calves Bl J 4. to 4 calves 430 4.50 1 calf 610 4.50 21 calves i6 7.73 " cows 953 4.75 6 cows 1012 4.78 2 cows 10S5 4.73 4 cows ....... ,. . 870 4.23 6 cows 822 4.25 I cows 870 4.83 8 cows 1206 8.50 cow 1150 8.50 .1 cow 9o 8.00 14 calves 338 , 6.5o 11 heifers 730 4 60 21 heifers 84g 4.b 81 heifers 930 4.60 10 cows , .. bio 4.50 1 "teer 10SO B.OOv steers 1095 5.35 72 hogs 180 8.50 Prices current at the Portland Union Stockyards for the various classes of stock were: Extra to cnoice steers ....... Good to choice steers Choice cows Good to choice cows Good, average 1050 pounds. Common cows Choice belfers Choice bulls Choice calves, 200 lbs. and under 7.25 7.35 viwu lu vuuice caivee ......... o.&Ofgi 6 00 Common calves 4.00( 5.00 Choice stags 4.60 4.75 Good to choice stags ......... 4.25o) 450 Hogs ' Extra choice light hogs 8.25 8.50 7.00 7.25 6.25 6.50 ..$3.50?5.75 .. 6.25$ 6.50 .. 4.50 4.'75 . . 4.250 4.50 .. 4.00 4.25 .. 2.75 3.00 4.90 6.00 8.50 3.75 Choice heavy hogs Heavy rough hogs Sheep Choice yearlings, wethers Choice two and threes. Choice mountain lambs , Choice Valley lambs Choice killing ewes 2.25 2.50 The following: Quotation ri-nrninnt n-ia. pn this market for the different classes of norses: Drafters, extra heavy, $300(3500; drafters. 1400 to 1700 lbs., $1500350; draft ers, 1290 to 1400 lbs.. $100250; chunks. $S015D; saddle horses, $60 and up. 8.25 8.50 3.00 8.15 4.60 4.80 4.00 4.13 Chicago Livestock Market. CHICAGO, Auj. 31. Cattle Receipts, es timated, 4000; market, slow. Beeves, $58; Texas steers, $4.406.80;- Western steers. $47: stockers and feeders, $35.50; cows and heifers. $2.256.25; calves, $69. Hogs Receipts, estimated, 17,000; mar ket, weak to 5o lower.. Light, $7.107.65; mixed, $6.959 7.85; heavy, $6.807.55: rough, $6.807; good to choice heavv. 17iffi7Kr.- Pigs. $57.5o: bulk of sales. $7.05 7.35. Sheep Receipts, estimated, 22.000; mar ket, weak generally, to 10c lower. Native. iS.60; Western. $2.25ffl8.fi0: Venning. 1f,4ii!:0lamb"' native, $4 6.65; Western, 4.50 6.60. Lehigh Valley and Amalgamated Copper Under Pressure Stand ard Oil and American Tobac co Securities Are Active. NEW YORK, Ang. 81. Following a sharp rise at the opening of the mark6t and subsequent recession, stocks moved in narrow range today. Trading was aimless and traders were indifferent. Business fell to the smallest proportions of several days. Pressure was again directed against Le high Valley to a marked extent and at one time during the day, the stock fell six points from the high mark of the session. It was said holdings of a large interest in the property had been thrown on the mar ket. Later In the day. Amalgamated Copper was attacked in much the same manner. lapsing nearly two points. The similarity in the two movements gave rise to the be lief that both were bear raids. Intended to facilitate short coverings. Lehigh Valley's bottom price of the day was the lowest of the year. Interest continued to turn largely on the prospects of strikes on the Harriman and other lines. Securities of both great corporations against which the Supreme Court entered decrees in the anti-trust suits were active today. Transfer books, of the Standard Oil Company closed today and transactions in this stock In the outside market were con sequently for cash only. An offer was made of 310 for the stock "ex subsidiaries," but traders refused to deal in the Issue on those terms until a better opportunity is presented of determining their value. Various plans were afoot today to prevent violent fluctuations tomorrow, but at the close of the day it was uncertain what course the trading would take. American Tobacco securities were strong throughout the session. Bonds were Irregular. Total sales, par value, $1,840,000. United States bonds were unchanged on call, CLOSING STOCK QUOTATIONS. Closing . Sales. High. Low. Bid. Aims Chal pf Amal Copper .. 12,500 6814 . 66T4 Am Asricult 182 91 844 103 J4 ioi S iooit 2i94 7554 281 2814 95 3414 JOSH 101 166 28 31 75 4 22914 2314 95 4,700 7114 70 100 87 l'.SOO iii 11814 13314 1214 2214 61 28 4814 153 122 14H 42 105 Am Beet Sugar. 600 5014 60 American Can Am Car & Fdy. 200 48 48 Am Cotton Oil.. 200 62 62 Am Hd & Lt Pf ..... ..... Am Ice S6curi.. ..... Am Linseed OIL ..... Am Locomotive. 300 8414 8414 Am Smel ft Ref. 6,300 6914 68 do preferred. ....... ..... ..... Am Steel Fdy.. 200 82 82 Am Sugar Ref.. Am Tel ft Tel. . 5,100 Am Tobacco pf. 1,200 Am Woolen Anaconda M Co 2O0 Atchison 2,900 do preferred.. 200 Atl Coast Line Bait ft Ohio ... 200 Bethlehem Steel 600 Brook R Tran.. 600 Canadian Pao .. 6,600 Central Leather. 600 do preferred.. 100 Central of N J. Ches ft Ohio . .. Chicago ft Alton Chi Gt West do preferred. . Chicago ft N W C, M ft St Paul. C. C, C ft St L. Col Fuel ft Iron ...... ..... Col ft Southern Consol Gas 800 134 Corn Products .. 600 13 Del ft Hudson.. D ft R Graned. 600 22 do preferred.. .100 61 Distillers' Secur Erie 2.900 28 do 1st pf .... 1.10O 48 do 2d pf General Eleo .. 2O0 153 Gt North pf ... 1,600 122 Gt North Ore Illinois Central ' Interbor Met .. 800 14 do preferred.. 400 4.1 V. Inter Harvester. 6.200 10714 Inter Marine pf Int Paper int fump .... Iowa Central . . K C Southern . do preferred.. Laclede Gas ... 100 104 104 Louis ft Nash .. 200 142 142 Minn & St L M, S P ft S S M 200 131 13014 Mo, Kan ft Tex 2,700 2914 29 do preferred. Mo Pacific Nat Biscuit National Lead ........ Mex N Ry 2 pf. 200 2714 27H N Y Central ... 600 10314 10314 N Y. Ont ft Wes Norfolk ft West North American Northern Pac .. 8,500 Pacific Mail 200 Pennsylvania ... 1,800 People's Gas ... 100 P, C C & St L.. 210 Pittsburg Coal . 200 Pressed S Car. Pull Pal Car . . 100 156 Ry steel spring Reading 46,700 141 140 Republic Steel . 300 26 26 do preferred.. ..... Rock Island Co. 1,500 24 24 do preferred.. 200 45 4814 St L ft S F 2 pf 200 4014 4014 St It Southwest. do preferred. Sloss Sheffield .. 300 88 88 Southern Pac .. 6.000 109 108 Southern Ry . . . 2,200 27 26 do Dref erred.. 4w 6714 67 Tenn Copper . . . 100 82 82 Texas ft Heme. lou 23 Z3 Tol, St L. ft Wes do prererrea.. 400 S9TA 89 Union Pac ... 68,600 167 166 do preferred.. 100 92 92 Tj s Realty IT S Rubber ... 1,000 87 87 U 8 Steel 79,200 70 70 do prererrea.. j.ouo 114 ( 114 Utah Copper ... 2,900 43 42 Va-Caro Chem . 200 62 5214 Wabash 100 13 18 do preferred.. Western Md ... 300 5714 57 Westlng dec .. 200 64 64 Western Union....... Wheel ft LB Lehigh Valley . 200 1714 17 1,800 40 ' 40 200 101 100 116 28 120 10214 91 18 116 28 120 102 91 18 is"" 23.000 15814 155 17 57 49 9 48 61 20 17 .' 8 84 8 104 31 115 133 91 29 84 103 10114 120 lOO 29 75 . 230 23 94 280 70 25 18 86 140 113 58 27 62 133 12 165 22 60 80 28 48 40 152 122 47 137 14 lot, 1-4 10 82 17 28 60 104 141 38 130 29 63 40 129 49 27 103 89 100 68 28 120 103 91 IS 30 155 30 141 a 89 24 48 40 81 68 88 108 26 67 Kl 23 17 89 167 91 66 86 70 114 42 13 56 64 .74 2 156 business in bankers' bills at $4.64.73 for 60 day tills and. at $4.86.05 for demand. Com mercial bills, $4.83. ' Bar silver. 62 o. Mexican dollars, 45c Government bonds steady; railroad, lrreg-nlar- . , LONDON. Ang. 81. Bar silver Steady, 24d per ounce. Money 11 per cent. The rate of discount In the open market for short bills is 2 per cent; for three months' bills, 2 3 per cent. . SAN FRANCISCO. Aug. 81. Sterling on London, 60 days, $4.83; do, sight, $4.86. Drafts Sight, 8; telegraph, 6. CHICAGO, Aug.' 31. Exchange on New York, 10 premium bid, 20 premium asked. Metal Markets. NEW YORK. Aug. 81. Standard copper, quiet; spot, August, September and Octo ber, 1212.15c. London, quiet; spot, 56 IS 8d; futures, 56 13s 9d. Custom-house re turns show exports of 26,217 tons so far this month. Lake copper, 12.6212.87c; electrolytic, 12.50 12.62 c and casting, 12.2512.50c. Tin. easy. Spot and August, 42.12 42.62e; September, 4I.5C41.5c; October, 4141.50c; No. 4. 41(6-41. 25. London, firm; spot, 1S9 15s: futures. 187. Lead, dull, 4.454.55c New York and 4.30 4.40c East St. Louts. London, 14 6s 3d. Spelter, irregular, 5.85 5.950 New York. 5.7565.82c East St. Louis. London, 27 10s. Sales in the local market, 60,000 pounds East St. Louis spot delivery at 6.82 o. Iron Cleveland warrants, 46s 10 d In London. Locally Iron was steady; No. 1 foundry Northern, $15.50 16; No. 2. $15.25 15.75; No. 1 Southern and No. 1 Southern soft. $15015.50. GABLES ARE HIGHER Chicago Wheat Market Gets Strength From Abroad. DECEMBER IS UP 5-8 CENT WHEAT IS HARD 10 BOY PRICES HAVE TO BE ADVANCED AGAIX AT SEATTLE. Peaches Are In Heavy Supply and Prices Are Cut 10 Cents a Box. SEATTLE, Wash., Aug. 81. (Special.) All varieties of wheat, except bluestem, were advanced a cent today, putting the market back-on the same basis lt was on Wednes day. Dealers found they were unable to obtain wheat at prices quoted yesterday morning. Barley was easier and a half dollar lower, at $9.50. Peaches were in such heavy supply that prices were reduced on an average of about 10 cents per box. Elbert as did not sell above 65 cents. Crawfords sold at 50 to 55 cents. The grape' supply was very heavy. The carload of Iowa grapes that arrived early in the week Is selling slowly. Th price was cut to 40 cents per basket. Tokays were quoted at 60a Tomatoes were a drug on the market and quoted at all kinds of prices. Veal sold a little better. small fancy veal was marketed as high as 14 cents today. The supply or poultry was ample for all requirements. Eggs sold slowly. The but ter market was steady and unchanged. Total sales for the day, 297,400 shares. PONDS. NEW YORK. Aug. 81. Closing quota tions: s ref zs reg.iuo ?r x c gn avis., ssvk do coupon" ...100 No Pacific Ss... 70B U S 8s reg 101 No Pacific 4s. 98B ao coupon .. .iui : union racmc 4s.ioi U S new 4s reg,118!4 Union Pacific .s.101 do coupon ...113 wis central 4a. 9214 & R G 4s 91 (Japanese 4s .... 68 Stocks at Boston. ROSTOV. Aua. 81. Closlne nuotatlons- Allouez 25 Mohawk 40B Amalg Copper.. 67 Nevada Con ... 17 ipissing Mines.. 7 North .Butte 23 North Lake 6 Old Dominion... 87 Coffee and Sugar. NEW YORK. Aug. 81. Coffee rutnres closed steady at a net advance of 8 to 7 points. bales. 47.2o0 bags. September, 12.19c: October. 11.83e: November 11 2o: December. 11.53c: Januarv. 11.43c: Feb ruary. ll.SSc; March and April, 11.82c; May and June. 11.31c; July. 11.30c. Spot coffee, auiet. steadv. Ttin Nn 7 13o: No. 4 Santos. 14M.C. Mild coffee. quiet. Cordova. 1416c nominal. Raw sugar, strong. Nothing offered at prices quoted. Centrifugal, '96 test, 5.36c; Muscovado, '89 test, 4.86c; molasses 'sugar. 89 test. 4.61c Refined strone. Cut lnaf 7.06c; crushed. 6.95c; bould A, 6.60c; cubes, 6 50c; powdered. 6.40c; granulated, 6.25c; diamond A. 6.25c; -confectioners' A. 6.10c; No. 1. 6.10c; No. 2. 6.05o; No. 3, 6.00c: No. 4, 6.95c: 6o. 6, 6.90c; No. 6, 5.85c; No. 7, 5.80c: No. 8. 6.75c: No. 9. 5.70c: No. to. 6.65c; No. 11, 6.60c: No. 12, 5.55c; No. 13. 5.60c; No. 14. 5.50c New York Cotton Market. NEW YORK. Aug. 31. Cotton futiirmi closed steady. 1 point higher to 2 points lower; September, 11.37c; October, 11.30c; November, 11.28c; December, 11.85o; Janu ary. lL30c; February. 11.33c; March. lL40o: May. 11.51c; July, 11.51c . Z L & Sm... 22 Arizona Com . . 1 &CC&SM. 4 Butte Coalition. 14 Cal ft Arizona.. 4 Cal ft Hecla...,405 Centennial 9 Cup Ran Con Co 61 E Butte Cop M. 10 Franklin 7 Glroux Con .... 4 Granby Con ... 27 Greene Cananea, 5 I Royalle (Cop.. 13 Kerr Lake 4 Lake Copper 23 La Salle Copper 8 Miami Copper... 19 Osceola 88 Parrott (S i CI. u V. 3ulncy 64 . shannon 8 Superior 23 Sup ft Bos Mln.. 8 Tamarack 25 USSR M... 82 do Dref erred . . 4As. Utah Con 12 Utah CoDDer Co. 42 Winona ........ 6 Wolverine ...... 99 Condition of the Treasury. WASHINGTON, Aug. 81. At the begin ning of business today the condition of the United States Treasury was: Working balance in Treasury offices $ 84.402,282 In banks and Philippine treasury 30,994.873 Total in general fund 142,014,563 Receipts yesterday were 2.240,581 Disbursements were 2,448.561 The dtflcit to date this fiscal year is $21, 965.316, as against a deficit of $14,179,114 at tbii time last year. These figures exclude Panama Canal and public debt transactions. - Money, Exchnngre, Ktc NEW YORK, Aug. 31. Money on call stesdy, 2 2 ; .ruling rate, 2; closing bid, 2; offered, 2. Time loans steady; 60 days. 23; 90 days. 8 8; six months, S4. Prime mercantile paper, 4. Sterling exchange, steady, with actual SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City for Vege tables, Fruits, Etc RAN 'FRANCISCO. Aug. 31. The follow- ina- Droduce prices were current here today VegetaDies tJUCUmDers. Dte'ovc; Kama, $35c; green peas. $1.262; string beans. lfj2c: tomatoes. 154uc; eggplant, 6!2 85c; onions, 65 & 75c. Butter Fancy creamery, aofia. Eggs Store, 28c; fancy ranch. 31c Cheese Young America, 14'15c. Trruit AnDles. choice. $1. 50: common. 85c: Mexican limes, $5.506; California lemons, choice, $2.50; comon, $2; pineapples. potatoes aaiinas ijummiju, i.vwi.tD w,prr S2 50 (ft 3.50. MlllstuXfs Bran, stfau; miaaiings, 34. Hay Wheat, $12 17; wheat and oats, $12 16; allaiia, sir?". Receipts Flour, 2056 quarter sacks wheat, 3765 centals; barley, 4370 centals Oats. 15G5 centals; potatoes. 7350 sacks middlings, 260 sacks; hay, 1357 tons. Chicago Produce Market. . CHICAGO. Aug. 81. Butter, steady. rvt.rr,rl. 20Ci25c: dairies. 18322c mark, cases included, .4 10c; nrsts, JL6c; prim, firsts, isc. twins. 1212c; loung America. iJ Ujfl3c; long noma, J.O Puget Sound Grain Markets. SEATTLE. Aug. SL Wheat Bluestem, 83 c; fortyfold, 79c; club. 78c; fife, 78c; red Russian, 76c Oats, $28 per ton; Dariey, S.3A ner ton: do. baes. S6.25. car receipts up to ouua ucm, o. w,u. B; oats, e; oariey, z; nay, ; nuur, o. TACOMA. Aug. 31. Wheat Bluestem. 84 84c; club, 7980c. uar receipts vneac 04; corn, o , u, Dried Fruit at New Tork. NEW YORK, Aug. 31. Evaporated ap ples barely steady. Inactive on the spot; new crop stock of Indifferent quality, 10 MI10U.O in hairs, and 10 w llo in eoxes. Prunes, firm in sympathy with the West, Quotations. 9MI4o tor caurornias up to 80-40s, and nominal for Oregons. Peaches quiet, steady. Choice, 1111C extra choice, 12 12 14 c; fancy, 12 c Naval Stores. SAVANNAH. Ga., Aug. 81. Turpentine firm, 61 c Sales, 350; receipts, 907; ship ments, 172; stocks. 84,340. Rosin firm. Sales 2300; receipts, 8500; hlrnnent. 700: stock. 111.100. Quote. B, $66.07; D, $.256.35: E, $6.47 " 6.60; F, G, H and I. $6.4714 6.50; J, $6.556.67; 7.15; WW. $7.300)7.35. . Dnlnth Flax Market. , DTJLTJTH, Aug. 81. Flax on track, $2.85 bid; In store, $2.45; to arrive, $2L34; Septem ber, $2.84; October, $2.1O2.1014 asked; No vember, $2.19 asked; December, $2.16. " i Advance In Sugar at New Tork. NEW YORK, Aug. 31. Standard granu lAtri Riie-ar was raised K and all other grades of refined sugar were increased 10 cents a hundred pounds today. Wool at St. Ixinls. ST. LOUIS, Ang. 81. Wool Quiet. Ter ritory and Western mediums. 17 20c; fine mediums, 17lSc; fine, ll15c e Hops at New Tork. (NEW YORK, Aug. 81. Hops Easy. ARCHITECTS TO BE HIRED First of Washington Capitol Group Is Soon to Be Erected. OLTMPJA, "Wash., Aug. SI (Spe cial.) Within a short time the con tract between the State Capitol Com mission and W. R. Wilder, of the firm of Wilder & White, New Tork archi tects, will be signed up, as all the main points in the agreement for the construction of the new Temple of Justice have been agreed upon by both parties. Under Its terms the architects will receive 6 per cent, the amount being fixed by statute, and as the building will cost not less than $300,000 the architects will get $18,060 for their work. This includes the drawing of plans and the superintendence. v The usual rate is 3 per cent for plans and 6 per cent for superintendence. The Temple of Justice is to be the first unit in the group for the new $5,000,000 capttoL Under the contract. the commission is not committed to any certain group plan, and "Wilder & White are bound only for the Temple of Justice. They will, however. In all probability be retained for the con struction of the entire capitol. Foreign Markets Are Irifted as a Re sult of War Risks' Having Been Advanced Reports of Drouth In Australia. CHICAGO, Aug-. 81. Unexpected strengtn In foreign markets, the result mainly o war risks having been advanced, brought about today higher prices for wheat. The decided change of the character of news from across the water would apparently have lent to a more radical upturn here, but for 1 Heavy liquidating .sales in tne septemoer nntinn Th, nnlniillti. nf that flitnre. thoueh. was not without some compensating effect being taken as a sign of light deliveries to morrow, and to that extent forming a bull ish influence Drouth in Australia was also counted as a source of the strength for prices. On the other hand, fine conditions for cutting and threshing in the Canadian Northwest were reported. December ranged from 94 to 94 o and closed o up at 94;ii4iic, with the final tone steady. Talk of a probable reduction of wiping out of the Germany duty on corn had much to do with a bulge in the market for that cereaL December fluctuated between 62 62c and 63c closing lo net higher at 63 c Cash grades were in good de mand. No. 2 yellow was quoted at 65 6514 c Oats also received an upward impetus from the shortage of feed In Germany. High and low points touched for the December delivery were 46c and 45o with last sales at 46c, an improvement of lo over last nicht. Packers bought on all sbft spots In the market for hog products. The end of th session left higher figures for the entire list. pork up 6c to 10c; lard, fio to 1091314c and ribs 25c to 10c The leading futures ranged as follows WHEAT. Open. High. Established 1886 Merchants National Bank Second and Washington Streets Portland, Oregon Capital and Surplus $600,000.00 DEPOSITARY FOR THE UNITED , STATES. DEPOSITARY FOR THE STATE OF OREGON. DEPOSITARY FOR THE COUNTY OF MULTNOMAH. DEPOSITARY FOR THE CITY OF PORTLAND. Accounts of corporations, firms and individuals invited. Four per cent interest paid on time deposits. First National Bank Capital $1,500,000 Surplus 750,000 Oldest National Bank West of the x Rocky Mountains Sept 8 -89 .90 Dec 94 .94 .May 1.00 1.00 CORN. Low. .88 .92 .99 Sept. . Dec. . May. . .64 .62 .64 .65 5 .64 .62 .64 Close. 8 .89 .94 1.00 -65 3 Sept. . Dec May.. Sept 15.70 Jan. 16.05 Sept Oct.. Jan., .63 .66 OATS. 4214 .43 - .4S 45 .46 .45 48 .49 .48 MESS PORK. 15.80 16.(5 16.20 16.00 LARD. 9.25 9.35 9 25 8.30 9.40 ' .27 8.02 9.07 8.00 SHORT RIBS. Sept 8.90 9.02 8.90 Oct. 8.90 8.97 8.90 Jan 8.30 8.36 8.30 Cash quotations were as follows: Flour Steady. Rve No. 2. S4rS86o. Barley eed or mixing, 7095c; fair to choice malting. 1. 14 1.21. Timothy seed J12.oU14.60. Clover 1 3. 0 0 1 9. 0 0. Pork Mess, per barrel, $18.11 g18.25. Lard Per 100 pounds. 89.32 9.85. Short ribs Sides (loose). $8.37 8.87, Short clear Sides (boxed). 29.12 .2S. Total clearances of wheat and flour were equal to 164,000 bushels. Primary receipts were 902,000 bushels, compared with 1,037, 000 bushels the corresponding; day a year airo. Estimated receipts lor tomorrow Wheat, 100 cars; corn, 422 cars; oats, 16 cars: harL 15.000 bead. Receipts. Shipments. .5 .4514 .46 .48 15.80 16.20 9.35 9.40 9.07 9 02 8.97 8.82 Flour, barrels , Wheat, bushels Corn, bushels . Oats, bushels . Rye, bushels .. Barley, bushels 23.000 .122,000 .884.000 .300.000 . 15.000 . 89,000' 40.400 12,000 819,000 232,000 Ye; 666 Grain at San Francisco, SAT FRANCISCO, Aug. 81. Wheat Steady. Earley Firm. SDot Quotations: Wheat Shipping. S1.451.47 per cental, Barley Feed, $1.60 per cental; brewing1, l.e3Q1.70. Oats Kea, si.OdCi3l.7V per cental; wmie. 81.67; black. 81.70. Call board sales: Wheat No trading. Barleys December, 81.64 per cental; May, European Grain Markets. LONDON'. Aug. 81. Cargoes, auiet but steady. Walla Walla for shipment, 8d lower at 3s 9d. Enclish country markets. 8d to 6d higher. nrm; f rencn country maraeta, quiet. LIVERPOOL. Aug. 81. Wheat Oc tober, 7s 2d- December, 7s 8d; March, is a. vveatner clear. Minneapolis Wheat Market. MINNEAPOLIS. Aug. 81. Wheat September. 81.00: December, $1.021.03; May. l.Vi f l."J; no, l nara, uu:: no. Northern. 81.01 1.04 ; No. 2 Northern. 8Tc$1.02: No. 8 wheat, 30ac TWO AGREE ON TRAIN WESTERN AND NORTHWESTERN IiEAGTjES at peace. "Governors Special" to Slake Tour TTnder Auspices of Both to Ex ploit West In East. Right-of-Way Slen Busy. FLORENCE, Or Aug. 81. (Special.) A great deal of Interest was aroused by the arrival at Mapleton of Engineer Ralph Hunt and a Great Northern right-of-way man. They have been purchasing right of way along the railroad survey from Mapleton toward Eugene, which Hunt made about a year ago. The fact that they are paying cash makes people feel sure that they mean business, and that railroad con struction will begin before long. After a series of meetings arrange ments were completed yesterday for the union of the Western Development Association and the Northwestern De velopment League in the big exhibit train which is to be run through the Eastern States for the purpose of ex ploiting the West. The last step in the union of the two organizations in this move was taken in St- Paul yes terday afternoon and Portland mem bers of the Northwestern League were informed of the action by telegraph. The action assures elimination of conflict between the organizations, which has heretofore threatened to in jure the efforts of both. The West ern Association was organized' at Oma ha last January and the Northwestern League at Helena in May, both with the same purpose in view. The West ern Association favored Omaha as the gateway and the Harriman system as the best railway line, while the North western League favored St. Paul as the gateway and the Hill system The special train will be called the Governors' Special" and will make a tour of 6000 miles in seven weeks, at an expense of 175,000. The train will leave Omaha at the close of the land show there, October 28, and will go through to New Torn, stopping at most of the way stations. After the New York land show the train will move westward to Chicago to be at the Chi cago show, and thence will go to St. PauL vhere the tour will be finished at the December land show. The train will consist of nine coaches five exhibit cars, two baggage cars and two sleepers. It will be run on a special schedule and will be under the direction of a general manager, who will have a carps of assistants. It will have many unique" features, among them being a dally newspaper pub lished on the train, and will be pre pared to give moving picture and stere opticcjn shows illustrating the re sources of the several Western States represented. It Is expected that the Governors traveling with the special will address the throngs of people sure to visit the train and opportunity Bank Notice Security Savings and Trust Company Corbett Building, Fifth and Morrison Streets Capital and Surplus $1,400,000 Invites Accounts of ! Merchants, Individuals and Savings will be given to meet the people of every community visited. The state exhibits probably will be arranged in groups of three to a car, except In the case of California, which may use a car jointly with the Panama Pacific Exposition. These Btates will be represented on the train: Washing ton, Oregon, California, Nevada, Utah, Idaho, Montana, North Dakota, South Dakota, Wyoming:, Colorado, Nebraska and Minnesota, "BEAUTY CITY" PLANS DUE Architect Bennett, of Chicago, Sends Drawing to Portland. Plans for the building of Portland from the present until the time when the population reaches 2,500,000, on a unified scale, harmonizing the practi cal with the artlstio and beautiful, have been completed by Municipal Architect Bennett, of Chicago, and are to be mounted at once. With the receipt of the drawings, 60 in number, by the Civio Improve ment League, letters were prepared and are to be sent to 100 civic and im provement league officers and mem bers asking them to appoint represent atlves to attend a general convention to perfect the drawings and establish a Dermanent organization. The date for this meeting has not been set, it beine thought best to wait until Mr. Bennett returns from Chicago that he may attend the meeting and explain the drawings in detail. The drawings were made as a result of a contribution of $20,000 made ovese a year ago by a number of prominent citizens who were anxious to see foundation laid for the future of the city. Cedar Valley Canal Rushed. GOLDENDALE, Or., Aug. L (Spe cial.) Engineer Lars Langloe left this city this morning with a party of men for Cedar vaney, wnere ne win esiaD lish a permanent camp on the right of way of the Klickitat & norseneaven ir rigation Company and begin clearing the right of way at once. It is planned to commence actual construction of one I of the large tunnels in that locality soon. Work will be continued' throughout Winter, and in the Spring) the crews will be Increased to complete' the canal. It is estimated that the I main canal will be completed In 1914. j TRAVELERS' GUIDE. Superior to others "I spent sev eral days care fully examin ing Bitulithic, and in my opin ion it is far superior to any other kind as laid in Mobile." Alderman E. W. Faith, Mo bile, Ala. WESTERN BOND & MORTGAGE CO. Capital Stock $100,000. Loans Made on City and Farm Eroperty. MORTGAGES PURCHASED 418 Commercial Club Bids, port land. Oregon. THE BARBER ASPHALT PAVING COMPANY Cooairucta Asphalt ana othar Ultm nlnous Pavementa. 05-60i Jaiactrta ttlac Portland, Or. Oskac iiub Manager. LONDON PARIS HAMBURG Cleve'd. Sept. 9, llamlBlueeher Sapt. 1 fAmerlka Sept. 12clnctnnatl Sept. 28 t Rltz-Carlton a la carte Kestaurant. OrBRAI.TAIt. A U. It li.S. NAPLES, GKNO. TS. . HAMItrUU.. Seut. i3. 1 P. M. S. S. MOLTKK Oct. 1 KWIII not call at Alclora. Duration 110 Days COST $650 AND UP Incliullug All NejHHary Expense Aboard And I Ashore. 1 TWO CKl'ISES I By the Steamship I (17.000 Tons) I The first to leave I New York October! 21. 1911. The ec-l ond to leava ban I Francisco Feb. 6. I 1012. Annual event I Tripa In Oct., 1012. 1 & Feb.. 113. by I large Cruising S.I S. Victoria X.ulse, I 16.500 tons. HAJIBUBG-AMUKICAJf LINK, 180 Powell st . San Franclaco. Cal., or?! Northern Pac. 0.-W. R. & N., Burlington, ' Chicago, Milwaukee A Puget Sound Rys., ana other R. R. offloes In Portland. Around THE WORLD OPEN BIVKR XBANSPORTATTOX CO. 1 STR.J.N.TEAL Freight received ' dally at Oak-L doc for The Dallas, j Hood River, Wb.lt Salmon. Umatilla. 1 Kennewlck. Pasco. 1 Richland. Haniord. I White Blufta, and) Intermediate point,.' FIRST-CLASS IASSEGfcll bfcKYlCtt. FARE SO CENTS THH ""I a. 1 TO HOOD RIVER. WHITE SALMON. Steamer leaves Portland Sun.. Tuea Thurs., 7 A. Id. Returning leavea The Dalle l ldon.. Wed., i rl., J A. M., arriving at fori land about 6 P. M. same day. W. 9 ! Buchanan, Supt,; W. 8. Smallwood, Ua'i. I Mar. Phone Main 2US0. A 26117. ' HONOLULU $110: FIRST CLASS KOCNO THIP , The moat delightful apot on entire world tour tor yuur vacation. lielittLUfui tea bain Inc t tne famous beach o WaiklkL Toe splendid tiS. Sierra HU.uOO tons displace- j ment) makes the round trip In Id days and 1 one can visit on a side trio the living vol ' cs.no of Kilauea which is tremendous.? o world creation. No other rlp compar with this for the marvelous and wonderful! In nature. Visit the Islands now, while you can do It so easily and quickly and while the volcano is active. Prompt attention to tele era ms for berths. Salllncs: Sept. SL Sept. 23, Oct. 14, etc. Ut UAISlU Om S. t'U. 7f Market btrevt. ba Kracctseet. THE BIG 3 BEAR BEAVER ROSE CITY EXPRESS STEAM KR-S FOB San Francisco and Los Angelas WITHOUT ltAN.K. 8. 8. Roae City Ball 9 A. M.. Sept. 5. BA. 1R.1M.1SI I) 1-OKTI.AM) Bd. CO. Ticket oince, 1 1 rnira ht. Phone Main 402 and A 1402. Str. MONARCH Astoria Centennial Leaves Portlanit I A. M. daily, arrives Astoria 130 P. M. Ieaves Afltorla 4 P. M., arrive Portland 11 P.M. FARE $1 Wash.-St Dock. Tel. Marshall 197. San Francisco, Los Angelea and San Pedro Direct. North Faclflo s. S. Ca,'i S. S. Roanoka anil 8. B. Klder aau every Wednesday auer uately at 6 F. M. Tltckat office 182 Third L. near Alder. MARTIN J. UIGI.ET, Faasenrer Area. ; W. K. SLUbMUK. Frelcht Aaent. 1 l'lionea il. 1814. A 1314. COOS BAY LINE BTEAHKR BREAKWATER. I Balls from Alnsworth Dock, Portland, , M.. Alls. 4. 9. 14. 19. 24. 29. Sept. S. S, IS. 18. 23. 28 and every 6 days. Frelcht r- eeived at Alnsworth Dock daily up to 6 Pa M. passenger rare, nrsi-ciass, iu; second clans. s7. including: meals and berth. Ticket offlc Alnsworth Dock. Phones Main Aula Ualn ITU. A 1234. NEW YORK-PORTLAND REGULAR FREIGHT SERVICE. Low Rates. Schedule Tims. AMERICAN - HAWAIIAN S. S. CO. 21S Railway Exchange Bid? Portland. Or. Ual 8378. A 892 V