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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 9, 1911)
TV THE MORNING OKEGONIAN. SATURDAY, SEPTEMBER 9, 1911. COFFEE IS SOARING Price Is Higher Than for Six teen Years. TOP NOT YET REACHED Dealers Are Working From Hand to Month Another Local Advance Expected Next Week Causes of the Scarcity. Contlnnlnc It upward tendency, coffee during the month of August advanced about SO polnta and la today higher than It has been In 1 years. Early In tha year everybody that waa Interested In coffee waa of the opinion that coffeea would decline aa eoon aa new coffeea wera available, which, under normal conditions, would be July 1. Soma few aold short but practically every roaatar throughout tha country allowed hla stock to run down, having- this In view, with tha result that everybody Is and haa been working on tha hand-to-mouth basis for some time In hopes that coffees would be cheaper. While picking- and curing wera In progress In Brastl that country waa suffering from severe rain storms, so that the earlier ship ments were not only delayed, but were very undesirable coffees on account of the ex cessive rataa This and the fact that Eu rope haa been buying- heavily since June continues to force the market up and the American roaster Is naturally forced to watt until he thinks It would be a more favor able time to buy. which from the present outlook will be put off a long time, possi bly three or four years. The crop now being harvested was also supposed to have been a very liberal one. estimates running aa high as 4.000.000 bags over last year, but owing to the excessive rains above mentioned, it Is unlikely that the crop will run. If any. over lest year. If this should materialise, coffees will have to advance quite a little under the old law of supply and demand. By a good many of the jobbers It Is ar gued and considered that we are now In what Is known as the higher circles and that coffee will keep advancing until we again have a large surplus hanging over the market. While there Is plenty of coffee for Immediate wants It Is so taken care of by the Brazilian government under the valori zation scheme that It doea not appear to be any menace at the present time, and with only a fair crop tor this year and prospect not overly bright for next year's crop, everything Is favorable for higher prices. Only a few montha ago the roaster waa figuring how to get out a coffee to be re tailed at 25 centa. while now It begins to look as though It were going to be a hard matter to get one out to enable the grocer tj retail It at 80 centa Washed coffees of all klnda are also high, showing an advance of from 8 to 4 cents over prices ruling a year ago, which at that i - ki.h Am these coffees time were cuujivo are not raised extensively, they naturally follow In the wake of Brazil coffeea Local roasters have generally advanced a to 1 cent according to grade. The pre vailing opinion Is that there will be another advance next week. n-HMT STEADY. FEWER OFFERINGS Oats and Barley Flrmat Coast and Coun try Points. The wheat market waa steady yesterday, but there was not aa much buying reported from tha country as earlier In "e week. Dub. fife and Turkey red were quoted at J cents, blueetem at 86 cents. 40-fold at 83c Dale at 81 and red Russian at 80 centa Oats and barley were firm, For the Ut ter there were bids of 2S snd $29, In the Valley. A report from the Pluse was of the sale of a large lot of oats on tha coast basis of $3450. Tha export flour market was active and firm at 13.80. Weekly foreign wheat shipments were as follows: This wk Last wk. Last yr. Argentina ora'ooo 89.1.000 1.600.000 LoValrwelpts. in cars, were reported by ,h. Merchant. Exchange a. fol ow. Mon. Tuea. . Wednesday. . . . . Thursday . Friday 14T 1 14 51 14 S K .1 4 69 80 11 5 24 172 249 2 17 13 18 472 BIO AA 29 KA m B10 Tear ago Bxinn to date. 1041 Tear ago 1169 ' JTO TRAOTVO IV OREGON HOP MARKET yorembor Cable Quote. German Market Firm and Unchanged. The hop market continues vary quiet, and In the absence ot business prices are entirely nominal. w . A cable received from Nuremburg yester day quoted tha German market firm and un changed. The total crop of Europe ws es timated at 800.000 owt The following hop oontracta have been filed to Polk County: W. H. Matney to Conrad Krone, entire crop of 25 acres. 1911 and 1912. at 12 cents; A. J. Brown to Talk Wormier A Co.. 18.000 pounds. 40 centa; A. O. Brown to same. 23.000 pounds. 40 centa TWENTY-CENT ADVANCE IN SUGAR. MarM la lifted Just Before the Closer of the Day. Just before the close of business yester day, the wholesale grocers were advised of a 20-cent advance in the price of refined sugar. This rise had been looked for throughout the day. aa the Eastern market had gone up 20 cents since the preceding advance here. The new price of standard granulated sugar Is $7.30 a hundred. This figure rep resents a total advance of 12 a hundred In sugar over the low price of the year. PEACHES SELL AT STEADY PRICES Good Demand AU Day- and Supply Is Adequate. There was a good demand for peaches all day yesterday and the market was quite steady at the prices that have prevailed for several days. Grapes were In large supply and moved fairly well. Another car of Tokaya In lugs arrived from California. They were quoted at Sl.1391.25. A large stock of cantaloupes was on the street. They sold at a wide range of prices, according to quality. Melons were slow. . 8 mall Receipts of Poultry. The poultry market was firm, with re ceipts of chickens below requirements. Veal was easier. 14 cents being the top. Receipts were heavier, particularly of the larger slses. There was a good demand for eggs and not many offered Butter and cheese were unchanged. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland 81.770.71 1174.S2J Seattle 2.275.485 171.70J Taeoma 777.114 77.410 .Spokane 74S.ISI 147,se PORTLAND MARKETS. Grain, Flour, Feed, Etc WHEAT Tracf prices: Bluestem. 86c; ehib. 82c; red Russian. (Oc; Valley. !2c; u-fold. S3c; life. 12c. FLOUR Patents, $4 5 per barrel; tralgbta. tS.85; exports, 1 80; Vslley. 14.10; - graham. 84.50; whole wheat, $4.70. MILuLBTUrra Bran, $24.50025 per too; middlings. $32; shorts. $25.606 6.00; rolled barley. J33.50 g34.50. CORN Whole. $33: cracked. $34 . per ton. BARLEY New feed. $31632 per ton, brewing. 38.00S7.00 per ton. OATS New white. 12802 P ton- HAT No. 1 E. O. timothy, $15 16; No. 1 valley. $14: alfalfa. $12; clover. $8.50: grain hay. $9 OIL Dairy and Country Produce. POULTRY Hens, 16Hc: Springs, ljttc: ducks, young. 1616o; geese, llffllltto, turkeys. 19619c- ... BUTTER Oregon creamery butter, soua pack. 81c; prints, extra. .. EGGS Fresh Oregon ranch, candled, 24 O 21a per dozen. CHEESE Twins, triplets and daisies, 15c per pound; young America, 16Ho. PORK Fancy. 10H611O per pound. VEAL Fancy. US Ho per pound. Vegetables and Fruits. TROPICAL FRUITS Oranges. $4,500 75 per box; California grapefruit. $3 3.75; bananas, SGSHc per pound; pineapples, 6o per pound: lemons. $3 & 3.50 per box. FRESH FRUITS Cantaloupes, 83c2-"o per crate: peaches, 65 0 85o per boa; water melons. l4o per pound; plums. 7r per crate; prunes. IOC per oox; pears, -r: 'if per oox; grapes. 73c W ii-i-a per SI ff 2 Ml ,r hnr VEGETABLES Beans, 8910c:' cabbages, $2.00 per hundred weight; corn. 26SOo per dozen: cucumbers. $113 1.25 Per sack; egg plant 6ffSc per lb.; garlic. 1012o per pound: lettuce. 300 35o per dozen: hothouse lettuce. $1.2561.75 per box; peppers.. 8 loo per pound: radishes. 1214o per dozen; toma toes, 85 50c per box. , SACK VEGETABLES New carrots. L75 per sack: turnips, $1.23; bests. $1.73. POTATOES Oregon, H4o per pound; sweet potatoes. So per pound. ONIONS California. $1.50 per hundred. Staple Groceries. Rat vft Columbia River. 1-bound talis. $2.25 per dosen; 2-pound tails, $2.95; 1 pound flats, $2.40; Alaska -pink, 1-pound talis, $1.25. COFFEEr Roasted, in drums, 286300 per ponnd. HONEY Choice, $8.75 per ease; strained honey, 10c per pound. SALT Granulated. 818 per ton; half- ground. 100s. $8.50 per ton; 50s, $9 per ton. NUTS Walnuts, 17H18o per pound; Brazil nuts. 1416c; Alberts. 16c; almonds. 16?18o; pecans. 13c: cocoanuts, 90cil per dozen; chestnuts, 12c per pound; hickory nuts, 810c per pound. BEANS Small white, 4c; large white, 4c; Lima. 7c, pink, 6c; red Mexicans, i4o; bayou, 6c RICE No. 1 JaDan.--c: cheaper grades, $3. 50 a 4. 55: Southern head. 5V47c; Im ported Imperial, 5fcc; Imported extra No. L 7a 74c. SUGAR Dry granulated. $7.80: berry $7.30; beet. 7; extra C. $8.10: powdered, barrels. $7.30: cubes, barrels, $7.60. DRIED FRUITS Apples, 1213Vio per pound; apricots. 16c; peaches. 10isc; prunes, Italian, 10llc: silver, 18c; figs. white and black. 6H7ttc: currants. 10 11c: raisins. loose Muscatel. 6tt7ttc; bleached Thompson, lHic; unbleached Sul tanas. 8Vsc; seeded,-?tt9c. Hon., Wool and . Hides. x HOPS -1911 contracts. 85 37c; 1910 crop, nominal; 1909 crop, 27c; olds, 17c MOHAIR Choice. 863374c per pound. WOOL Eastern Oregon, 916o per pound, according to shrlnkagsN valley, 10a 17c per pound. PELTS Dry. lOHc; lambs. 3540o each: shearings, 1020c each. HIDES Salted hides, 10c per pound; salted calf, 1617c; salted krp, lotto; salted stags. 6Hc; green hides, 6c; dry hides, 18c; dry calf. 19 20a; dry stags, 12 13 is c. Oils. LINSEED OIL Pure raw, In barrels, 7o; boiled. In barrels, 99c: raw. in cases, $L02; boiled. In cases. $1.04. TURPENTINE Cases. 78c; wood barrels, 71Vic; iron barrels, 64c; 10-oase lots, 70a, GASOLINES Motor gasoline. Iron barrels, 17c; cases, 24c; 86 gasoline, iron barrels, 81c; cases, 39c COAL OIL Ordinary' test, cases. 16c; bulk, in tanks, 9 Vac Provisions. HAMS 10 to 12 pounds. 19H02Oc: 13 to 14 pounds. 1919Vic; 14 to 16 pounds, 18ft 19c; 16 to 18 pounds, 18ilc; skinned, 19 "4 e; picnics. 11 He: cottage roll, 16tc SMOKED MEATS Beet tongues. 75c; dried beef sets, none; outside, none; lnsldes, 23c; knuckles, 21c. LARD Kettle rendered, tierces, 13c; tubs, 18c: standard, tierces, 11c; tubs. ll!4c; shortening, tierces, 7c; tubs, 8c BACON Fancy, 27c; standard, 25o; choice. 22c; English. 16 ft 17c DRY SALT CURED Regular short clears, dry salt, 12Hc; smoked. 13ttc: backs, light, salt. 13e: smoked, 14ftc; backs, heavy salt, 12ttc; smoked. 14ttc; exports, salt, 13c: smoked, 14Vsc GOOD SUPPLY OF HOGS RtTX OF OTHER KIXDS OF XjIVE STOCK LIGHT. Market Is, Therefore, Quiet and Values Hold Steady Through out the Da v. There wa rood run of hogs at the yards yesterday, but the supply of ether klnda. of livestock was light, and trading, accordingly, waa not heavy. Only two load, of cattle were moved, good grade steers, which brought $5.85. A load of choice hog. wa. .old at $8.50. Sheep ranged from $175 to 13 60 and lamb, brought $4.25. Receipt, yesterday - were 128 cattle, 10 calves. 983 hogs and 698 sheep. Shipper. Included F. A. Canfleld, Carlton, 1 car of hog.; R. J. Allen, Dallas, 1 car of cattle and calves, and C. C Miller. Lyle, 2 cars of eheep. The day's sales were aa follow.: Weight. Price. 54 steer. 1177 $3.35 20 ewe. 8ft 2.75 80 wether. 93 3.50 187 lambs 65 4.25 75 hogs 157 8.40 1 hog 340 7.00 Prices current at the Portland Union Stockyarda for the various classes of stock were: - i Choice steers $5.65 $5.80 Good to choice steers 6.25 5.&0. Good to choice cows 4.25 4.50 Good, average 1050 pounds.... 4.00 4.25 Choice heifer. 4.75 5.00 Choice bulls 3.50 8.73 Choice calves, 200 lba and nnder 7.75 8.00 Good to choice calves 7.25 7.50 Choice heavy calves 0.75 6.60 Choice stags 4.50 4 75 Good to choice stags 4.25 4.50 Hogs Extra choice light hogs 8.50 8.60 Choice heavy hogs 7.00 7.26 Heavy rough hogs $.2 4.60 Sheep Choice Spring lambs 4.25 4.50 Choice yearllnga wethers 8.25 8.50 Choice two and threes 1.0U 8.15 Choice mountain lambs 4.50 4.75 Choice Valley lambs 4.00 4.15 Choice killing ewes 2.25 2.50 The following quotations represent prices on this market for the different classes of horses: Drafters, extra heavy, $300500; drafters. 1400 to 1700 lba, $16050; draft era 1200 to 1400 lba, 100250; chunks, $403160; saddle horses. $60 aid up. -Chicago Livestock Market. CHICAGO, Sept. 8. Cattle Receipts, es timated, 1000; market, steady to strong. Beeves. $5(3 S.IO; Texas steers. $4.406.40; Western. $437; etockers and feeders, $3 6.5o; cows and heifers, $2.256-S0; calves. $6.259. Hogs Receipts, estimated, 10,000; market, generally 15c up. Light, $0.967.55; mixed, $tV907.55; heavy, $tf.737.45; rough, $6.75 HtS. 95; good to choice heavy, $6.537.45; pigs, $4.757.3t; bulk of sales, $4.57.80l sheep Receipts, estimated, 10,000; mar ket, steady to shade higher. Native, $2.25 8.90; Western. $2-60'S4; yearlings. $3.90 4.70; lambs, native, $3.76 0 6; Western, $4.2 66. Coffee and Sugar. NEW YORK, Sept. 8. Coffee future, closed steady, net 2 points to 9 points higher. October. 12-08o; November, 1L98C: Decem ber, lL96c; January, lL84c; February, 11.80c; March, April, May. June, July-and August, 11.77c Spot, steady. Rio No. 7, 13c: Santos, No. 4, 14Sc Mild coffee, quiet. Cordova, 14 ! 9 16c, nominal. Raw sugar Strong. Muscovado, '89 ft. S 25o; Centrifugal, '9 test, 6.7oo; molaases. 89 test, 6.OO0. 6alea, 60,000 baga, February and March shipments new crop Centrifugal at 4.85o; refined strong: cutloaf. T.40o; crushed. 7.S0o; mould A. .95c; cubes, ,S5c: XXXX powdered, 6.85c; powdered. 6.70c; granulated, 6.60o; diamond A. 6 60c; confec tioners A. 6.45c; No. 1. 6.45c; No. 3. 6.40c: No. 8. 8.35c; No. 4, 6.30c: No. 6, 8.23c; No. 6. 6.20c: No. 7. 6.15c: No. 8, 6.10o; No. 9. 6.05c; No, 10, 6. OOo; No. 11. 6.95o; No. 12, B.90OS No. 13, and No. 14, 5-ASa. TRADE IS FEVERISH Stocks Are Unsettled and Fluctuations Sharp. DRIFT IS DOWNWARD Several Issues' Fall to New Low Points for the Tear Heavy Selling of United' States Steel. Bonds Are Heavy. NEW YORK. Sept. 8. Trading that was unsettled and at times feverish resulted In sharp fluctuatlona today on the Stock Ex change. The drift was downward, although there were several sharp rallies which tem porarily reduced losses. Several Issues, In cluding Missouri Pacific Baltimore Ohio, Denver A Rio Grande preferred and Amal gamated Copper fell to new low points for the year. Union Pacific. Southern PacHlc Reading. United States Steel, Northern Pa . . . Liw 1r.11.. vnrir Ontral ana American Smelting came within tmstlont of the years low marrc a.wow 1 to 2 points, with a partial recovery at ine enu. , . Operation, were governed to .ome extent . . 1-- .n..nn nntnr re- ny mo crop report, viw . "" " i Tnnn.rs statement. Copper fharea sold off before e publica tion or the report ana wi . report was considered favorable. In connection with the heavy selling of United Statea Steel and the obviouslybear lsh attitude of many traders tow ard the stock, tnere was notea wu . falling off In steel mill operations, compared ... -. inntlt. The United States Steel Corporation wa re- portea 10 do si p""" "w ' per cent of It. capacity, a decline of about B per cent. Reports of National bank. a. of Septem- York bank, did not reduce their holdings of stock during the August aeo.iuj . . 1 cvn ot the largest as imam - - . National banks show a total decrease in holdings of securities between June 7. tne date previously reported, and September 1. of only about $3,400,000. The bond market was heavy. Total sales, par value, $1,862,000. United States bonds unchanged on call. ' CLOSING STOCK QUOTATIONS. Closing Bales. Bid. 18 56 50 63 10 48 51 1 'It 84 -68 104 2 116 186 98 27 84 lollH 101 121 95 29 74 224 23 95 280 70fi 25 18 88 140 112 55 28 46 138 12 160 22 47 30 29 48 40 J51 121 47 186 14 42 106 14 10 81 19 27 69 103 141 42 129 29 64 . 34 127 49 29 102 39 70 115 28 120 108 93 18 29 155 80 140 25 89 24 48 41 29 es 87 107 26 67 33 23 88 16 9L - 67 86 68 114 42 68 ' 13 28 65 65 74 OA. Allla Chal pf .. Amat Copper .. Am Agrlcult Am Beet Sugar. American Can .. Am Car 4 Fdy.. Am Cotton Oil. Am VtA Ar. T.t Of 11,700 200 10.900 700 500. 1,200 Am Ice Securl Am Linseed Am Locomotive. 10O Am Smal A Ref 17.600 do preferred 800 700 600 700 Am Steel Fdy.. Am Sugar Ret. Am Tel & Tel.. Am Tobacco pf. Am Woolen . . .. Anaconda M Co Atchison ' do preferred. . Atl Coast Line.. Bait ft Ohio ... Bethlehem Steel 6.200 ""ioO 8.60O 200 1 imt Brook R Tran.. r.DBfllBr PftG 15,800 Central Leather 70O 100 'Y.S06 "'466 do preferred. . Central of N J. Ches & Ohio .. Chicago & Alton Chi Gt West . . . do piererrea. . Chicago & N W ... ... C. M & St Paul. 16.600 C, C, u t l... Col Fuel & Iron Col & Southern. Consol Gas .... Corn Products . Del ft Hudson.. D ft R Grande.. do .preferred.. Distillers' Secur Erie do 1st pf .... H n A Df .... 100 100 500 100 "'soo 900 ' "e',400 700 """766 6.800 200 100 8O0 800 3,600 '"206 800 General Eleo . .. Gt North pi ... Gt North Ore .. Illinois Central. Interbor Met . . do preferred.. Inter Harvester. Inter Marine pr . Int Paper Int Pump ,..t lowa Central'. . K C Southern .. do preferred.. t . fi r;. ... 600 600 'ioo Louis ft Nash, .. Minn ft St L .. M, S P ft S S M Mo, Kan ft Tex. do preferred.. UTa Pnclflc 1.000 ""eoo 400 ' '166 100 600 i',760 400 Nat Biscuit .... Nat Lead Mex N Ry S Pf . XT V rantrnl . - N Y, Ont ft Wes Norfolk ft West ! 11,000 Northern Pao Paclno Mall Pennsylvania ... People's Gas . .. P. C C ft St L.. Pittsburg Coal . Pressed S Car.. Pull Pal Car .. Bt..l finrlnff 21MJ 8,800 400 ""3OO 100 100 Reading 128,700 Republic Steel . do preferred.. Rock Island Co do preferred.. St L ft 8 8 3 Pf 6t L Southwest. 800 1.700 700 100 eioss oneixieia Southern Pao . 400 18.100 - 2,700 1.100 Southern Ky . . H n nref erred.. Tenn Copper ... Texas ft Pac . . 100 20O Tol, st u ft wes 100 Union Pacific ..146,000 do preferred.. ...... U S Realty U S Rubber . . . 700 87 69 115 42 63 13 23 66 65 86 68 115 42 63 13 29 66 65 U 8 Bteel 118.900 do preferred-. ouu TTtah Copper . . 1,60 Va Caro Chem.. Wabash do pief erred.. Western Md . . . Westing Eieo Western Union . 900 200 200 600 800 Wheel ft L B.. 168 f 165 Lehigh valley .. 0 Total salea for the day, 69T.B0O shares. BONDS. -NEW YORK, Sept. 8. Closing quotations! s ref 2s reg.100 XT -v r Sa RS No Paciflo 8s... 69 No Paclflo 4s... 99 Union Paclfio 4al01 Wis Central 4s. 98B Japanese 4s .... 87 do coupon ...100 s 8s res- u'm do coupon 101 new s reg.uo-. do coupon ...118 ft R Q 4. ... von Condition ef the Treasury. m.BTTTvnTAu Cant R A t the herln- m Aoaj,ui v.., r ---- nlng of business today the condition of the United States Treasury was: Working balance in Treasury of- flees 88,462,288 t. hunks In Philippine Treasury 30,499.492 Tntl B-nneral f und. ............ 143.184.768 Receipts yesterday 8,108,011 Disbursements L518.3SI The deficit to date this fiscal year is $20,- 013.281. aa against a deficit of $12,120,937 at this time last year. These figures exclude Panama Canal and publlo debt transactions. BOSTON, Sept 8. Closing quotations .. OK IU.ha.7l, 25 T,r.Bla7ir 38 23 4 87 58 9 65 8 24 2 23 82 46 12 42 5 Amalg Copper.. 58 ,A Z L Sm... 22 xArlsona Com . . 80 BftOCftSM. 4 Butte Coalition. 14 Cal ft Ar ex-div 49 Cal ft Hecla. ...410 Centennial ..... 9 CROC ex-dlv 81 E Butte Cop M. 10 Franklin T Glroux Con .... 4 Granby Con .... 29 Greene Cananea. 6 I Royalle (Cop). 13 Kerr Lake 8 Lake Copper 24 La Salle Copper 8 Miami Copper... 18 Xlplsaing Mines., INOrLn XJULLfa., ... North Lake..... Old Dominion... Oaoeola Parrott (S ft C). Qulncy Shannon Superior Sup ft Bos Mln.. Tamarack U 6 6 R ft M... do preferred .. Utah Con Utah Copper Co. Winona Wolverine .. .-M Money, Exchange, .Eta NEW YORK, Sept. 8. Money on call steady, 2 62 per cent: ruling rate 2: oloslng bid 2; offered at 2. Time loans steady. Sixty days 2 08 per cent; 90 days. 68; six months. 8 f 8. Prime mercantile paper, 44 per cent. Starling exchaus siaadx. with, sntiial busi High. Low. 'bl'. 664 , eiH 60 63 62H 10 10 48 7, 4&U 51. MM 'H" 85 ' 69H 68H1 10& 104 80 29 116 115 185 185 e e . e e e 'MM ioi' iii" 122" 9ft 74 9514 19 29 74 74 226 4 224 2Sft 23H 95 90H 71 "to" "isii 'isvi iii ii2 'isH '2814 464 48V 183 133 12 12 22 i "22 48 47 29 '29" 60 49 isii isi" 122 121 47 4 136 13t! 15 15 43 42U 106 Vs 104 'io'" "wi 82H 81 22 19H 28H 28 108 108H 148 141 H isi" " 129 29 T4 29 "38 86 127 127 5CV4 49 109' 102 39 89 69 68 116 115 28 2 121 120 103- 103 "l8 "l8 80 80 30"- "SO-" 142 187 '90 "o" 24 24 49 48 "69" 69" 88 88 108 107 27 28 67 66 ll 1 40 40 167 166 ness in bankers' bills at $4.8325 for 60-day i bills and at $4.6605 for demand. Commercial ' bills, f.an. Bar silver. 62 C Mexican dollars, 43c. Government bonds .teady; railroads heavy. LONDON. Sept. 8. Bar silver steady. 24 d per ounce; money, 11 per cent. The rate of discount In the open market for short bills Is 8 per cent; the rate for three months biU is 8 3 per cent. SAN FRANCISCO, Sept. 8. Sterling on London. 60 days, $4.83: sterling on Lon don, sight, $4.86. Drafts, sight, 5c; tele graph, 2c CHICAGO, Sept. 8. Exchange on New York, 5 cents premium. BOSTON WOOL MARKET IS QUIET Sales for Week Light and Prices Generally Maintained. ' BOSTON, Sept. 8. The Commercial Bul letin will saj of the wool market:- Quietness has succeeded the flurry which agitated the Boston wool market for the last two or three weeks. The week has seen a light turn over of wool, although prices are generally maintained on a steady basis. Transactions of the week have been al most wholly of domestlo wools and Include fair proportions of both territory and fleeces. Combing and clothing wools have shared very evenly in the demand. The only change noted In prices for the week la a drop in the asking price for Missouri quarter-bloods from 25 to 24 cents. ' Wool at St. Louis. ' ST. LOUIS. Sept. 8. Wool Steady. Terri tory and Western mediums. 1720O( fine mediums, 1819c: fine, ll15c. ' Grain at San Francisco. SAN FRANCISCO, Sept. 8. Wheat Steady. Barley Firm. Spot quotation.: Wheat Shipping, $L42 1.45 per cental. Barley Feed, $1.631.B7 per cental; brewing. $1.62 1.67 per cental. Oats Red, $1.65 1.70 per oental: white, $1.67 per oental; black, S1.70L75 per cental. ' Call board sales Wheat, no trading; bar ley, December, $1.62 per cental; May, $1-69 per cental. Metal Markets. ' NEW YORK, Sept 8. Standard copper, dulL Spot, September, October and Novem ber, 12.00 12.10c London, steady. Spot, 155 15s; futures, 56 8s 9d. Arrivals re ported at New York today, 200 tons; exports so far this month, 4619 tons. Lake copper, 12.62 12.87c; eleotrolytlc, 12.50 12.62o; casting. .12. 25 12.50c. Tin, weak. Spot, 41.000 bid; September, 40.754L25c; October, 40.60 4LOOc; No vember, 40.65 40.75c London, weak. Spot, 185 10s; futures, 183 15a Lead, dull, 4.454.55o New York; 4.85 e.45o East St. Louis. London, 14 8s 9d. Spelter, dull. 6.90 6.000 New York; B.80 05.90c East St- Louis. London, ill ids. Antimony, dull. Cooksons, 8.20 8. 30c. Iron Cleveland warrants. 46s 9d In Lon don. Locally Iron was quiet.' No. 1 foundry Northern. $15.2515.73; No. Z, $15.25aio: No. 1 Southern and No. 1 Southern soft, I16.00gi5.60. GABLES ARE BEARISH DECEMBER WHEAT CLOSES SLIGHTLY IO WE K AT CHICAGO. Government Report Turn Out -to Be Bullish, but Selling Is on Large Scale. CHICAGO, Sept. i- Although the Gov ernment figures today on the wheat crop turned out to be bullish, the market here closed easy o lower to o up. Latest transactions showed corn o to o under last night, oats down 0 toc, and hog produota varying from unchanged prices to !2o decline. Bearish oables made the wheat market weak. Liverpool sent word of a probable Increase In Russian shipments, and predicted that forwardlngs from India would be larger than had been looked for. Supplies from the Argentine proved also quite liberal. Be sides, there was disappointment here that outside buying, though improved, was not so great as many tradera had expeoted. De cember wheat ranged from 96 o to 87 c with last sales o net lower at 96 96C December corn fluctuated between 88 $3o and 64c closing easy o oft at 8 63c Cash grades were steady. No. 3 yellow olosed at 66 66 a Top and bottom prices touched by De cember oats were 46o and 45c The close. 4644o showed a net loss of o. Selling by packers tended to pull down provisions. In no case, however, did the decline at the finish exceed 12& The leading futures ranged as follows: WHEAT. -... ui.li T-iw ITlnsA- Sept $ .93 -92 .92 $ .92 Dec...... .96? .97 .96 .96 May 1.03 CORN. Sept . .5 -5 Dec 84 .44 .68 .43 May ' -64 .6 .5 -65 OATS. gept Ja .48 .42 .4$ Dec 4 .48 .45 .48 May 48 .49 .48 .48 MESS PORK. jan, 14.35 16.27 16.17 16.17 LARD. Oct....... 9-60 9.62 9.65 $.65 JanV...... 9-45 9.45 9.87 9.87 SHORT RIBS. Sent 8.95 3 96 8.90 8.96 Oct....... -07tt 8 07 $.97 9.00 Jan 8-47 8.47 8.42 8.46 Cash quotations were aa follows: Flour- Flrni. Rye No. 2. 85 86c Barley Feed or mixing, 6585c; fair to choice malting, $1.07 1.18. Timothy seed $12.60 014.50. - Clover $18 19. pork Mess, per barrel, $15.75 15.87. Lard Per 100 pounds, $9.60. Short ribs Sides (loose), $8.50g9. Sides Short, clear (boxed). 99.25. Grain statistics: Total clearances of wheat and flour were equal to 204.000 bushels. Exports for the week, as shown by Bradstreet's, were equal to 8,682,000 bushels. Primary receipts were 1,074,000 bushels, compared with 1,308,000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat. 101 cars; corn, 447 cars: oats, 142 cars; hogs, 8000 head. Receipts. Shipments. Flour, barrels 86.600 13.900 Wheat, bushels 97.000 46,000 Com. bushel. 529.000 248,000 Oats, bushel. 877.O0O 158.000 Rye? bushel. 15.000 6.000 Barley, bushel. 188.O00 39.000 European Grain Markets. . LONDON, Sept. 8. Cargoes quieter. Walla Walla for shipment at 87s 3d. English coun try markets firm, 8d dearer; French coun try markets steady. LIVERPOOL, Sept. 81ose: mestOc tober7s 4d: December, Ts 5d; March, 7. 6d. Weather clear. . Minneapolis Wheat Market. MINNEAPOLIS, Sept. 8. Wheat September. $1.031.03; December. $105: May, $1.091.09: No. 1 hard. $L06 No. 1 Northern, $1.04 1.06 ; No. i Northern. $1.00 1.04 ; No. 8 wheat, 96c$1.01. Puget Sound Wheat Markets. TACOMA, Wash., Sept. 8. Wheat, blue stem. 86S7c: fortyfold, 82o; club, 82o; red Russian, 80c . ReceipU Wheat 7T cars, oats 5 cars, hay 14 cars. SEATTLE. Wash., Sept. 8. Wheat, blue stem. 86c: fortyfold, 82o; ohib, 81c; fife, 81oj red Russian. 79c r Oats $29 per ton. Barlejr 630 per ton. Bags $6.30. Car receipts up to noon Wheat 35. oats 8, hay 6, barley L Dried Fruit at New York. NEW YORK. Sept. 8. Evaporated apples, quiet, steadier, with forward shipments quoted at 8c ... Prunes, quiet, about steady, owing to Ir regular market, on the Coast; quotations. 9160 for Calif ornlas up Co 80-40. and nominal for Oregona. Peaches, quiet and barely steady; choice. llUo; extra choice, 1212o; fancy, 12. ' Naval Stores. SAVANNAH. Ga.. Sept. 8. Turpentine. 5061c; salea 466; receipts, 6S6; ship ments. 440; stocks. 84.700. . . T-.J CI. at ftinO. v...! tit. IKOft! shipments. 315: stocxs, i,w. vjuote. a. $6; D, $8.80: E, fl.606.55; F, O. H and I, sa.ovvo.oo.: n. eo.oa'O'o. iu; a-, u.ivVy.i,. N. $08630.80; WO 87-2047.21 WW, $7.4i GAIN IS STEADY Business Growing at Most Trade Centers. INDUSTRIES MORE ACTIVE Enlarged Operations in Pig Iron. Improved Demand for Dry Goods . at Primary Matets and by Job bers Shoe Trade Better. - NEW YORK, Sept. 8. R. G. Dun & Co. weekly review of trade tomorrow will aay: Steady Improvement In business condi tion, ts Indicated by most of the report, which come from the leading Industrie, and from trade centera. The enlarged operation. In pig iron are indicated by retnrns covering the production during August, which rose 183,669 tons. Most of last month's expansion wa. due to the Increased turn over the leading Interest, whose bookings and shipments In that period were heavier than in any preceding month thi. year. In finished line, the existing price situation lnducea consumers generally to oonflne purchase, to aotual neede, Competition for new buelnes. ha. become keen and buyers accordingly find it easier to obtain concessions. An improved demand for drygoods Is noted, both In the primary markets and by Jobbing houses. Retailers purchase steadily for current needs, especially of novelties and specialties and goods required for Fall distribution, but there Is little activity for future delivery. Trade In footwear shows further improve ment, but buyers still display conservatism and purchase only such quantities aa can readily be moved. Trade in leather con tinues to Improve slowly and prices are firmer. Upper leather Is firm, although some concessslons are reported in combina tion tannages of calfskins. Further activity has developed In packer hides and advance, ranging from to cent have been e cured. RAILWAY TRAFFIC IS BETTER. Fewer Idle Freight Cars Than at Any Time Since December. NEW YORK. Sept. 8. Bradstreet's to morrow will say: Three factors helped to expand trade In a moderate way this week Fall festivals, the advance of the season and the ending of the vacation period. On the whole, re cent developments are relatively more favor able, but still conservatism In buying Is everywhere visible and final purveyors of goods display no particular tendency to for sake the policy hertofore pursued, that Is, to buy frequently and In small lota, rather than liberally at any time. This attitude is superinduced in a large degree by the Inability of retail distributors of wearing apparel, furnishings and the like to measure the probable effects on their sales of ascending prices for food. In industrial circles the drift haa been in a more favorable direction, owing ohlefly to diminished fears of Immediate strikes of railway shopmen on Western lines and to the resumption of some New England textile mil la In iron and steel the long-expected Fall buying of finished material has not ap peared as yet. The railways are doing more in consonance with the aeason and there are fewer idle oars than at any time since December. Collections range from about alow to fair. Business failures In the United States for the week ending . September 7 were 194, against 164 last week, 178 in the like week of 1910, 191 in 1909, 191 in 1908 and 182 in 1907. Businsss failures for the like week In Canada number 22, which contrasts with SO last week and 13 in the corresponding week of 1910, Wheat, including flour, exports from the United State, and Canada for the week end lng September 7 aggregate 2,642,848 bushels, against 8,073,751 bushel, last week and 1,611,068 bushels this week last ysar. Corn exports for the week are 211.259 bushels, against 120,773 last week and 276, 452 bushel. In 1910. Bank Clearing!. NEW TORK. 8ept. 8. Bradstreet's bank clearing, report for the week ending Sep tember 7 shows an aggregate of $2,433,- 160.000, as against $2,435,806,000 last week and $2,279,815,000 In tha corresponding week last year. P. C. Inc New York - $1,836,239,000 7.5 Chicago 253,583,000 14.8 Boston 130,123,000 6.5 Philadelphia .......... 121.789,000 1.6 St. Louis 74.471.000 10.8 Kansas City 44,801,000 "4.8 Pittsburg 8S.842.000 1.5 San Francisco 42,761.000 2.4 Baltimore 36,090,000 18.7 Cincinnati 22.893,000 t.l Minneapolis ' 19,293.000 21.2 Cleveland 17.777.0M 17.6 New Orleans 15.958.000 12.$ Detroit 15.202,000 10.4 Omaha 13.357,000 16.4 Los Angeles 16,031,000 26-4 Louisville 9.699,000 -2.9 Milwaukee 13.006,000 2.8 Portland, Or. 10,053,000 14.7 Seattle 9,482,000 6.4 St. Paul - 8.351,000 13.2 Atlanta 8.673,000 28.7 Buffalo 7,893.000 1.1 Denver 8,846,000 .8 Indianapolis 7,865,000 "6.2 Providence 6.450,000 14.8 Richmond 7.256,000 3.4 Washington, D. C....- 8.834.000 7.2 St. Joseph 6,837,000 14.8 Fort Worth 4,715,000 13.7 Memphis S. 897,000 8.8 Salt Lake City 6.123,000 1.2 Columbua 4.778.000 11.5 Albany - 4.163,000 '12. 8 Tacoma 8,740.000 30.7 Savannah 5.858.000 40.7 Spokane, Wash 8,295,000 19.0 Sacramento, CaL 1.802.0O0 4.0 Helena nui.ouv -l.b Houston 25,553,000 14.7 Galveston 23,4 9 7,000 3 7.6 Duluth Flax 'Market. DULTJTH. Sept. 8. Flax on track and In store, $2.63; to arrive and September, $2.62; October, $2.88; November, $2.84: December, $2.83. Finest In Cincinnati "I have been over Llnwood ave nue aa construct ed by you, and take pleasure In writing- you that It la the finest piece of road in Cincinnati." Ar thur Stem, Presi de n t the Good Roads Improve ment Company. THE BARBER ASPHALT PAVING COMPANY Constructs Asphalt and other Bltsx alliums Pavements. 806-808 aUeotxle bias, Portland. Or. Oskar lube Manager. TKAYELERS' GOD TO. Str. MONARCH Astoria Centennial Leaves Portland 7 A. M. daily, arrives Astoria 1:89 P. M. Leaves Astoria 4 P. M., arrive Portland 11 P. M. FARE $1 Wasb,-St.' loclc. TeL Marshall 117. Statement of Condition of TfeiBank of California National Association SAN FRANCISCO Including Its Branches in Portland, Seattle, Tacoma and Virginia City AT CLOSE OF BUSINESS September 1, 1911. ASSETS. Loans and Discounts.... $27,824,566.90 Bank premises (San Francisco and branches).... ...... 1,170,269.45 Other real estate 480,000.00 Customers' liability under letters of credit 3,917,438.99 Sundry bonds and Btocka.. 4,070,098.56 United States bonds to secure circulation. ...... 5,050,000.00 Other United States bonds...-. 285,000.00 Redemption fund with U. S. Treasury. ... . 250,000.00 Cash and sight ezcliange.M.Maiia....mv...w 14,855,696.27 $57,903,07017 LIABILITIES. Capital paid in gold coin .. $ 8,500,000.00 Surplus and undivided profits........ ............... 7,841,963.31 Circulation 4,098,150.00 Letters of credit 4,021,157.89 Other liabilities ................'..... .-... 425,413.23 Deposits .., nr.Mx 82,116,380.69 $57,903,070.11 PORTLAND BRANCH Third and Stark Sts. WM. A. MACRAE, J. T. BURTCHAELIi " Manager. Assistant Managua THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus Profits $900,000.00 OFFICERS: J. C AUTSWORTH. President, R, W. BCHMEER, Cashier. R. LEA BARJfES, Vice-President. A. Ma WRIGHT, Assistant Cashier. W, A. HOLT, Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES LADD & TILTON BANK Established 1859. Capital Surplus and Undivided Profits Letters of credit, drafts and able on all parts of the world. Corner Washington First National Bant Capital $1,500,000 Surplus 750,000 Oldest National Bank West of the Rocky Mountains XBAVBLEtacS' GUIDE. OPEN BITSB TRANSPORTATION CO. bTR. J.N. TEAL Frslsht received dally at Oak-st. dock for The Dalles, Hood River. White Salmon, Umatilla. Kennewlck, Pasco, Richland. Hanford, White Bluffs, and intermediate pelnta ZTRSX-CXASS PASSENGER BERTICJfc FARE SO CENTS TO HOOD RIVER. WHITB 6ALMON. THB DALLES. Steamer leaves Portland Sun., Tuea. Thurs., A. M. Returning leaves The Dalles VI on.. Wed., FrL. 1 A. M., arriving at Port land about t P. M. same day. W. S. Buchanan. Supt.; W. 8. Bmallwood. Gea 1. Har. Phone Main 2960. A 8627. . Ask about "Olympic" Largest Finest Steamer in the World. American Atlantic Transport ! Red Star White Star White Star-Dominion T. H. LARKE - US Second Are, Seattle, Wash. Willamette River Route Steamer Oregon for St. Paul and way landings. Dally, 8:8 A. M. Steamer Pomona for Oregon City dally. S A. M-a a P. M-; Sunday 9 A. M, la and 8 OBEOON CTTT TRANSPORTATION CO. Taylor-Street Dock. Phone aula M. .'i .$1,000,000.00 800,000.00 travelers' checks issued, avail and Third Streets. TRAVELERS' GUIDE. THE BIG 3 BEAR -BEAVER -ROSE CITY EXPRESS STEAMERS FOR San Francisco and Los Angeles WITHOUT CHANUE. S. S. Beaver Sails 9 A. M. September 10. BAN !KCI8tO A PORTLAND bS. CO. Ticket Office. 143 Third St. Phones Main 409 and A 1408. $1 TO ASTORIA Via O.-W. R. ft N. Steamers. T. J. Potter leaves Ash-st. dock.... SAM. Saturday 1P.M. Hassalo and Harvest Queen P. M. Saturday 10 P. M. gee Astoria's Centennial Jubilee and en joy a delightful river trip.- Same price for return passage. This privilege expires with Saturday, September 9. Wm. MeJdnrray, Pen. Pass. Agent. San Francisco, Los Angelea and San Pedro Direct. North Paclno S. B. Cn'i & 8. Roanoke an S S. Elder sail every Wednesday alter. . P. It Tltcket office 142 Third "j. Ald"- A t W. E. BLUS8ER, Freight Agent Phones M. 1314. A COOS BAY LINE STEAMER BREAKWATER. Sails rom Alnsworth Dock. Portland. A. S " Aug. A . 14. 1. S4. 2. Sept. a V AJA. 15, 28, atS Kill ,. j . - -- eelved at Alnsworth Dock daily up to 5 P.. . . , CIA- lauinn. M. passenger wt, . . - , - class ST, including msali and berth. Ticket office Alnsworth Dock. Phones Main iM. Main 170. A ia4. NEW ZEALAND AND AUTSRAUA (Union Line of X. Z.) VIA TAHITI AND WELIXNOTOX. . a. tv....-k sta4l1n m frflm ft prancUco Sept- 30 and vry 28 day. Wll4 in k ton Ana baeic, i oiui, w(.Mr rmt. For rsrratloni Coupon Ballroad Ant, ... a-w .U B CI I7a Can 17ran(lKA,