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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 3, 1913)
Ill XHK UUKMiNU OKKtxOJM I A. WEDNESDAY. BEFEKiLBER 3, 1913. UIS HELP HOPS Delay Harvest, but Greatly Improve Quality. TOO EARLY START MADE Market .Is Inactive With Buyers' orfcrs Out of Itange With Sell ers' Ideas Crop Condi tions in Europe. If the rains do net last too Ions. and the growers do not fear this, the Oregon hop lt3 will be lncreajed In value by many thousand, of dollars. The Impression haa been general tor aeveral days that picking waa twins atarted too early, ao a law oajs .te-arn. of the harvest will to of material benefit. TThere yards wera Infested by red pliers tha rain will, of course, eraaiw them. Picking was under way In a large number of yarda Monday and more started on Tues day, but operations were stopped everywhere by noon. At most yarda tha pickers are well housed, and even If some of them should leave, their places will b quickly refilled. There Is nothing doing- on tha market. Some of the dealers have orders at IT to jt4 cents, but. of course, are making no effort to fill them now. The future course of the market la still uncertain, but the majority of the dealers take a bearish view. The followinr cable waa received from ironmonger, of London: "English crop proa, sects less favorable. Weather unpropltloua. cold and unsettled. On continent picking Is In full progress and expect quality to be good. Reports are crop will be much small er than expected. Markets firm and prices shade higher." A cable from Alost said: "Nureroburg Journal gives reports showing crop to be 1.S0O.00O cvl maximum for world. Bohe mian buyers In Nuremburg market. 6 marks higher." A cable from a Prague dealer, who last week raised his estimates for the continent from 600.000 to 700.000 cwt.. said: Quan tity and quality below expectations. Mar Vet firmer." Other cables received reported crop pros pects on the continent Improved and esti mated 7A0.000 cwt. for that section and "0.000 for England. UKCIT HRSETJIOLDD.fi ITS OWN Off-ring Are Moderate and Demand Is Not Brisk. The Northwestern wheat markets were steady yesterday. There was strength In .k- nrt In Eurooe. but weaker reports come from California, where, however, the buyers all are and have been In, a bearish I ni ood. There was not much business passing In the country market, although farmers, were offering f.iirly well. In the next 10 or 13 davs. If the weather holds off. the crop v. iil all be In and hauling will commence In earnest, when a more active market can t. looked tor. Club was quoted around 73 cents yesterday and red at 78 cents. Blue stem was more or less nominal, as but little of it Is changing hands. If a buyer wanted any bad be would have to pay 85 or Sd cents: but no great quantity could be sold at better than 84 or S3 cents. The barley market was quiet. Bids In the country have been cut down from the high level of last week. Oats aie also quiet with not much demand and not many comlne In. Local receipts. In cars, were reported by the Merchants' Eicbanso a follows: Wheat Barley Flour Oats Hay Monday. Tues... -7 6 10 Year ago Mon- dav. Tuesday. 2S5 31 1? " Season to date. 1441 :t " ar uo 15.il 3t.i 109 10 4 4 J 401 Foreign crop conditions are summarized by Broomhall as follows: United Kingdom The weather Is fine and harvesting is progressing with some early wheat being threshed and yielding mod erately. Arrivals show an unsatisfactory condition. Oats are generally poor. France The weather favors ' harvesting and this Is being pushed actively. Some threshing is being done and the quality la mostly good, but It Is believed that the yield will be moderate. Offerlnga are small, which necessitates continued buying of for eign wheat. The outlook for oats haa fur ther Improved. Germany The rain during the past week caused damake to the quality of both wheat and oats. The wetther has recently Im proved. The outlook for potatoes Is unsat isfactory. Russia Occasional complaints are heard regarding the unseasonable weather. It be ing rainy, otherwise the outlook Is main tained. The movement of new wheat con tinues Usht. The outlook for corn la fa vorable. Roumanla The weather is seasonable and the general outlook favorable. Bulgaria Our agent at Sofia cablea that the recent big- estimates must be reduced. Austria-Hungary The rains last week de layed harvesting and damaged wheat al ready cut. India. Beneficial rains have fallen In the I nlted Provinces. Wheat, however, is firm ly held by merchants. I IIINA FLOIR TRADE PROSPECTS POOR Outlook Net as Good aa Year Ajto, Says Consul-General. The outlook for a large flour trade with South China Is net bright, according to Consul-General George E. Anderson, who re ports from Hongkong under date of July 12 . as follows: "Prospects for the new season on the whole are not very satisfactory. While the Indications reported here are for a good crop on the Pacific Coast the high rates at which freights are now fixed are such as to j greatly restrict the trade, especially In view of the easy situation as regards the supply of rice. It Is expected also that competi tion from Northern Chinese mills will be much more serious than It has been recently. A good wheat crop In North China Is re ported and Shanghai and other northern mills are reported as being busy. Freight rates along the coast are much more fa- vorable. comparatively, than those obtain ing on American flour. With the reporta of good crops actually realized the Indica tions are that American flour will have to face the keenest competition It has had In the past three years at least. Stocks on hand at present are also uncomfortably large, amounting to something like 1.100.000 bags In this territory, aa compared with abount 1.400,000 bags at the same time last year substantially the same amount propor tionate to the volume of business transacted. The disposition of exchange to fall la a further deterrent to American trade, though this Is offset materially Oy Improving con ditions affecting provincial currency in China and the prospects that most of the provincial currency Issues will go to par In the course of the next few months. While the coming season will probably be a fair one there Is no prospect of It being more than that" PEACH SALES ESTABLISH NEW RECORD Front Street Iipoara of Eight Carloads During Day. More peaches were sold on Front street yesterday than on any one day in the history of the trade. Close to eight cars were dis posed of, according to figuring by dealers. Four cars of Elbertas came In from Yakima and two cars were received by boat and express. These, together with what had been carried over, were practi cally all disposed of by the close of bust ness hours. Prices ranged from 40 to 65 cents a box. The demand In other lines was good. The first car of Fayette cantaloupes waa re ceived and cleaned up at $1,75 6 3 a crate. Other cantaloupes were quoted at $1,259 1.50. Grapes wero active sellers. Tokays, of which a car arrived, going at S1.50 a crate. The best Barlett pears were in de mand at 1.50 a box. Canning stock sold at 2 cents a pound. The tomato market continues demoral ized by exceasive receipts. Sales were made yesterday as low as 28 cents a box. Country Produce Is Scarce. Arrivals of country produce were mod erate and the market was Brm. Large hens sold at 16 centa and small ones at 15 Vi cents. Springs held at IS centa. Dressed meats were quoted at Saturday's prices. Good eggs wero scarce and the market was firm. Butter and cheese were un changed. Bank Clearings. Bank clearings of the Northwestern cities yesterday were aa follows: Clearings. Balances. Portland -J,lJ.u0 53 601 Seattle a.Slo.SIO 45.J.MS Tacoma '8'5''.1 Spokane 770.S-6 v,o-t- SAN FRANCISCO PFODtCB EXCHANGE. rrlcaa Quoted at the Bay City for Vege tables, irult. tic. SAX FRANCISCO. Sept. !. The follow lng produce jrices were current here today Fruit AoDlea. Gravensteins. "scQSl.TS other varieties. 40c6l.i; Mexican limes. nominal: California lemons. SstfS; pine apples, Jl&i. Cheese -New. lSHeUc: Toung Americas. Hay Wheat, 1S50 0:0.50 : wheat and oats, 17is; airaiia. n)n. Butter Fancy creamery, 22c: seconds. 10c. F.n Fancy ranch. 114c: store. JSC Vegetables Cucumbers, S5(60c; green peas. &c; string beans, 24c; eggplant. 35 tl i &c n.in., vw vellow. yOeJTJl per sack. Potatoes New river whites, 85cfl.05; Merced sweets, lHdle. ....... Pirk. 13.15 It S.SO: 11 mas. la.50 5S0: sruall white. J4.505.0; large white. f4.S5Qt.65. Flour Family extras. 5.00: bakers extras. f4.S5tfS.20; Dakota, fu.4037.4l); Kansas. 6J.23. v.. Flour ouarter sacks: barley, 8?lo centala; potatoes. S130 sacks; hay, 1053 tons. Coffee and Sugar. vfw YORK. Sept. 2. While European coffee marketa made a fairly steady show in sentiment here was bearlshly influenced by favorable weather advicea and increase In visible supply. Selling was not aggres sive. Opening was steady at a loss of three to eight points ana me maxaei sum gradually lower, closing steady. Septem ber .:.8c: October. S.62c: December, 8.82c; January. S.BOc: February. 9.00c; March, .0c: May. a.21c: July ana August, h.oic. Rnnt. oulet. Rio No. 7. 81c; Santos No. 4. 1212Vc; mild quiet; Cordova. 13316c, nominal. iurar Raw. steady. Muscovado, 3.26c; centrifugal. 8.76V-; molasses. 3.01c; refined, stesdv; cut lost, $5.60: crushed, $5.00; mould A. 5.15c; cubes. 5.05c; XXXX pow dered. 4 9.1c: powdered. 4 80c; fine granu lated. 4.80c; Diamond A, 4.80c: confection ers' A. 4.63c; No. 1. 4.65c Metal Markets. ntw YORK. Sept. 2. Lead stesdy. 4.70; In London, iM 12s CM. Spelter steady, 5.3j 3 5.05; London, 21 12s 6d. Copper quiet. standard, spot ana eep tetnber, 15.25 bid; electrolytic, 16.25; lake, 1 ..".: rastlnar. 16.00. Tin quiet. Spot. 42.90343 20; September, October and November, 42.7543.25. Antimony dull, cookson's. 6.40 8.50. Iron steady. No. 1 Northern, 16.001U' 16.50; N.i. 2 Northern. ln.SO'cJ 16.25; No. 1 South ern and No. 1 Southern soft, 15.25 15.50. London closed as follows: ( opper steady. Spot, 71 12s 6d; futures, 71 Si 9d. a Tin steady. Spot, 195 Ss; futures, 104 15s Iron Cleveland warrants. 65s 10 d. . Cotton Crop Condition 68. S Per rent. WASHINGTON. Sept. 2. The condition of the growing cotton crop of the United States on August 25 was S.3 per cent of a normal, the Department of Agriculture an nounced at noon today. Condition by states: Virginia SO, North Carolina 78, South Caro lina 77. Georgia 78. Florida 81. Alabama 72. Mississippi 69. Louisiana 67. Texas 64, Arkansas 72. Tennesseo 80. Missouri 72. Oklahoma 45, California Si. Hops, Etc., at New York. NEW YORK. Sept. 2. Hops, quiet. State common to choice, 1912, 184j20c: 1911, 13 lc; Pacific Coast. 1912. lJ22c;. 1911. 16 "9 ISc Hides Steady. Bogota. 29 ffSOSo; Cen tral America. 30c Petroleum Steady. Refined. New York bulk. J5.00; barrels. $9.70; cases. $11. Wool Steady. Domestic fleece XX Ohio, 26g 27c Cotton Market. NEW YORK. Sept. 2. Cotton, quiet for spot. Mid-uplands, 13.00c; do. Gulf, 13 25c Sales, 2600. Futures closed firm, 67 to 71 points high er. September, 12.85c; October, 12.94c; No vember, 12.S7c; December, 12.91c; January, 12.79c; February, 12.81c; March, 12.86c; May, 12.93c. H0G5 OEGUi lUHIH ANOTHER 15-CEXT DltOP IX LOCAIi PRICES. Market Weakened by I It-cent Heavy Receipts Sheep and Cattle Arc Holding Steady. A further weakening of the hog market was spparent at the yards yesterday. Ar rivals for the day were nominal, but the recent heavy run took the snap out of the market and prices wera off 15 cents from Monday's level. Otherwise the market was without change. A few loads of cattle - were disposed of, but the steers and cows were of medium quality, and $7 25 was the best price paid for tlie former and for the latter. The hog market settled at a temporary level of is.ti for top lightweights, but only a few sales were made during the day. A few small lots were disposed of in the sheep market, wethers selling at $4.25, ewes at 33.75 and lambs at $4.50. Receipts for the day were 86 hogs, shipped by C. T. Brown, of Klmbcrley. Idaho. The day's sales were as follows: Weight Price. 79 lambs 64 f4.50 63 wethers 102 4.25 4 ewes 95 3.73 14 hogs 220 9.35 27 itora 10-2 7.23 7 steers .1 24 steers 1"32 6.S5 1 cow s0 5.50 3 cows st5 5.25 1 cow 110 6.00 3 Jiogs 261 S.S3 S3 hogs 210 S.35 The range of prices at the yards was as follows: Prime steers '. . .$8.00 J3.35 Choice steers 7.50O 7.75 Medium steers prime cows e.a 7.00 Choice cows 6.50 U' 6-7 Medium cows '-?S SiS Heifers 6.2 T.iS Light calves $.00 yi $.00 Heavy calves ' J5 Bulls 4-2? ' 5.50 Slugs ' liug Light -g Heavy i.COij 8.3s Sheep-. Wethers 3.Z0& 4.23 Ewes -50 V 4.00 Lamb 4.U0 5.25 Omaha livestock Market. OMAHA. Neb., Sept. 2. Cattle Receipts. 820o; market, lower. Native steers, $i J 10; cows and heifers, $5.S0'(7.6O: Western steers. $StfS-l; Texas steers, $5.50. .2.i: ranne cows and heifers, $5.507; calves, fu.5u99.50. , . , Hogs Receipts, 9200; market, lower. Heavy, $7.35i7.7o; lights. $7.7o 8.23; pigs. $718; bulk of sales, 7.60'f T.7o. Sheep Receipts, 2Sou: market, lower. Yearlings. J35M5.90; wethers, f 4.404T4.75; lambs, $7.25fr 7.73. Chicago Livestock Market. CHICAGO. Sept. 1 Cattle Receipts, 5000; market, slow and steady. Beeves, $7 Co) 9.10; Texas steers, $6.75J 7.75; Western steers, tHWWi: stockers and feeders, $..50 j 7 (-5: cows and hellers. $3,6548.60; calves, JK'a 12. Hogs Receipts, 16.000; market, steady to 5c lower. Light, $HT8.G5; mixed, $7.:;0'o) 8.B0; heavy. $7.15'o 8.30; rough, $7.157.45: pigs. 3.25a8.10: bulk of sales, 7.80&8.15. Sheep Receipts, 38.OO0; market, weak to 10c to 25c lower. Native, $3.754 80; West ern $4'it4 S: yearlings. 5 .2045 S5; Iambi, native. 5.73S7.T0; Western. $6.50diT.70. LIST IS ST UBBQRN Stocks Lose Little Ground spite Bear News." De- LONDON BUYING IS HEAVY Xew Haven Shares Severely Affected by Train Wreck Unexpectedly Poor Bank Statement of Saturday Is Factor. NEW YORK, Sept. 2. It was a formidable list of depressing influences with which tne stock market had to contend today. When trading was resumed after the triple holi day, there was an outpouring of New Haven following news of today's wreck, which de pressed the stock nearly three points, to 904, a new low recora. Another bear lac tor was the unexpectedly poor bank state ment of Saturday. July reporta of railroad systems emphasized that July results had been disappointing. Both Pennsylvania and New York Central reported Increases in gross earnings, but heavier operating expenses. As the day advanced, the market received a further setback from the Government cot ton report, disclosing a loss in condition larger than had been expected. Another move against the so-called anthracite trust by the Government, In the way of a auit against Reading, depressed the coalers. In the face of these influences the stock market lost relatively little ground. London buying, estimated at 20,000 shares, helped to put up prices. Canadian Pacific was marked up four points and the Harrlmans, Amalgamated, Chlno, Utah Copper and var ious other stocks a point or so. The rise as utilized to distribute stocks, however, and a reaction quickly came. Early gains wero lost, and as the day's unfavorable news developed, the tone grew heavier. New York Central was especially weak, falling back three points. T. be close found prices in most cases under Friday's last figures. Bonds were irregular. Total sales, par value, $1,650,000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Reported by J. C. Wilson & Co., Lewis bulluintf, Portland. Closing Sales. High. Low. Bta. Amal Copper .. 26,200 7 7 hi 76- 77 Am Beet Sugar Sort 26i 2tl 264 Am Can Co ... 4JX 35 H Si Si1 do preferred.. 1.100 964 95 y, 9.". Am Car & Fdy. luO 45 Vs 4hz 4oi Am Cotton Oil.. BoO 44 43 v, 4.HI Am Smel & Ref C.3UO 64 Vi til is 7H do preferred.. ...... ...... 101 Am Sugar 109tt do preferred Am Tel & Til.. 3u0 1S1 13054 3tf Am Tobacco 230 Anaconda 2,800 88 H 87'i 37 Atl Coast Line 121 A T & Santa Fe 4.600 96H Oiii 95 do preferred.. ..... 9tT4 Bait & Ohio ... 500 9tj 96 M Brook R Trsn.. Ton Sua,, MiV t.V Canadian I'ac. .3(m 222. 220", 2-'l C &0 2.O0II 6Ls r,. nll?s C A U W .... SU0 111 14 Vs 13 C Ac N W 127 C. M & St Paul. 300 ,J"7Vi 10i li'KVs Central Leather 3"M 24 23 is 23 Central of N J 285 Chino 4,3ii) 427t 4) 42'4 Col Fuel & Iron loo an. 51 ; ;i2 Col Southern . . 29 Consul Gas l 400 331 131 131 D L & W 400 U & R G 19 Distilling Secur. 13 Erie 1.700 29 28 28 General Elec .. 200 344. 144V4 H4" Gt North Ore 3414 Gt North pf 124 Interboro Met .. j.iuo Jti" i)'s J"v do preferred.. 4 01") US 02-i 2 K C Southern.. 2oO 25 25 Ihlgh Valley.. 1.2DO ir.rtH 155 l.V.',, Louis & Neh . . 400 13UVi 136'.i 136 Mexican Cent 15 M, S P & S S M 300 lB.rTi 13 Mo. Kan & Tex S00 23 22 M 22 '4 Mo Pacilic S.700 30 2014 National Lead 4S54 Nat Biscuit 126 do preferred -1J N Y Central ... 10.800 06 94"4 95 N Y. Out & W 300 29T4 29 204 Norfoik West 30414 North America . . 71 H Northern-Pac : 2.1o I12?i HfVi lll4 Pacific Mail .... 200 22 21 2Hi Pacific T & T -. 27 do preferred wo Pennsylvania ... 2.S0O J13H 312 112 People's Gas .. 1,200 118 118 US Reading 8S.0OO l3Vs 3" !! Republic S & I '" - - --' Rock Island Co. 4oO 17 17 17 '4 Southern Pac .. 27.9ol) 65 . '. Southern Ry .. 1.500 25"4 24 24 Union Pacltic .. IS.400 iwn lot- j; do orcferred. . ..... 81 United Rds S F 21 U s Steel Cor.. B7,r.nn 1.41, "-"s "-i do preferred.. 100 108 108 108 Utah Copper . .. 0.700 63 04 4 bi -it Wabash 20t 4 4 ',4 4 Western Union. 3X S 6S 6i Westing Elec .. 3.40O 73 T2 72 Wisconsin Cent. 40 Total sales tor the aay, ;i,iuu enures. BONDS. RKtinrlnd hv Overbeck & Cooke Co., Board of T.-ado building, Portland. Atchison general 4s 94 94 ; Atlantic Coust Line 1st 4s 91 B & O cold 4s 92 ?2 B R T 4s f5 Chesapeake & Ohio 4s 8!) C 51 & St P gen 4s loo 101 C R 1 col 4s 5i -' Cai Gas 5s 2 l2 C B Q joint 4s 94 94 Erie general 4s 74 76 Int M.t 4s T T;i Louisville & Nnsh unl 4s 9.1 9.. Missouri Pacific 4s 67 " NYC gen 3s 81 S2 N & W 1st con 4s 93 .... Northern Pacific 4s 94 4 Oregon Short Line rcr 4s 8:? w Oreron Railway Nav 4s 92 93 Pacific 'lei is i Penna con 4s 99 100 Readlne cen 4s 94 94 St I, & S F ref 4B 71 2 Southern Pacific ref 4s 90 91 Southern Pacific col 4s 8S 80 Southern Railway 5s 103 104 Southern Railway 4s 7o o United Railway Inv 4s 50 58 Union Pacific 1st and ref 4s. . . 92 93 United States Steel 5s 100 100 Wabash 4s 53 54 Westinithouse Elec cony 5s.... 9 91 Wisconsin Central 4s Sl 82 United States 2s registered 99 100 United States 2s coupon 99 100 United States 3s registered 102 103 United States 8s coupon 102 10S Unlted'States 4s registered 110 112 United States 4s coupon 110 113 Stocks at Boston. BOSTON, Sept 2. Closing quotations: Allouex ao.xonawK Amalg Copper. 7BNevada Con 16 43 First National Bank Capital $1,500,000 Surplus $1,000,000 Oldest National Bank West of the Rocky Mountains CORNER FIRST AND WASHINGTON STS. REDUCED RATES To Los Angeles and San Diego SEPTEMBER 5, 6, 8 Turbine Greyhonnd Steamships, Tale nnd Harvard, Coat 92,000.000 Each. Los Angeles all steamer !.,,?'55 Los Angeles rail and- steamer Sl- Los Angeles and return all steamer IM3..0 Los Angeles and return rail and steamer 3S.70 San Diego all steamer H8.00 San Diego rail and steamer 23.oo San Diego and return all steamer 32.o isan Diego and return rail and steamer 4-.w 8, F p. A. I,. A. SS. CO. FRANK. BOLLAM, Agent. (With Denver-Rio Grande R. It.) 124 Third St. Main 20. Nlpisslng Mines. 81 28 1 81 82 61 6 25 2 29 86 4T 9 54 1 44 :ortn ijucie..... North Lake . . . . Old Dominion... Osceola ........ Oulncy Centennial 13 Con Ran con Co eu (Shannon Superior E Butte Cop M. 12 Franklin 4 nup OZ DU. aim.. Tamarack ...... U S S R A M... do preferred... Utah Con Utah Copper Co. Winona ........ Wolverine Granby Con ... BS Greene Cananea. 34 I Royalle (Cop) 19 Kerr Lake 3 Lake Copper.... T La Salle Copper 8T4 Miami Copper... 23 Money, Exchange, Etc. NEW YORK, Sept. 2. Money on call, steady, 2j?3 per cent: ruling rate, 2 per cent; closing, 23 per cent. Time loans, firmer; 60 days, 4 per cent; 90 days, 4 per cent; six months, 5 per mercantile paper. 56 percent. Sterling exchange, steadier, $4.8275 for 60-day bills and $4.85S5 for demand. Commercial bills, $4.82. Bar silver. 59 c Mexican dollars, 46c. Government bonds, steady; railroad bonds, irregular. LONDON, Sept. 2. Bar sliver, steady, at 27 0-16d per ounce; money, 22 per oent; rate of discount In open market for short bills, 3 9-ltiw3 per cent; do, three months' bills. 3 11-163 per cent. SAN FRANCISCO, Sept. 2. Sterling on London Sixty days, $4.82 ; do, sight, $4.85. Silver bars, 50c. Mexican dollars, nominal. Crafts, sight lc, telegraph 4c. EUROPE NEEDS WHEAT XATIOXS WlLl; HAVE TO BUY FROM. AMERICA. Conditions for Seeding in Argentini Are Unfavorable Cables Put Chicago Market Higher. CHICAGO. Sept. 2. Belief that France .,!. Ahilu.rt to nnrchnse liberally from the United states had much to do today with causing an advance in wneat. ine market ctosd steady at a net advance 1 . -:j . . . ftnlahaH With tt. O H of of i;i0 to lMc; oats up c to lc and provisions varying irom -w CHUB lu it lira ui ..vt.. than expected gave the "wheat bulls aid from the start ana preveniea any imiiurwm reaction. Advices were at hand that the European crop, as a whole, wouia oe otii. moderate at best. In this connection it wa pointed out that field conditions in Argen Una- OBU Hot - c and that South American competition with the United States wouia oe miuuuucu u that exteut. Sharp falling off in primary receipt! twnHH to utrenirthen bullish sentiment re garuius - "etiu mo - - - but little more than half those of a year ago, and the two rjoutnwestern lermmaio received les than one-third as much at no corrtspwuuiiis ...... ... crease in the visible supply was another ele . . .1 1 I n. a mr-a .HT1 a OS- ment or strengtn ana so io " aa - pUII. I.ICOI ."VS.. -n . . V. n ...... frtns IHIWMnnHM V OfY rfccpiTin ni- nv- ...... --- hot weather sent corn to new high-price records for tne season in mo wbkouiuci May options. . September 3.000.000 bushels. The volume of trade was large, principally cuanging ui other holdings to December. In provisions the main feature was the selling of nearby and the purchasing of deferrea aenveries oy OCimUv. . , There were very heavy deliveries of lard and ribs, a fact which weakened both those commodities, but did not affect pork. The leading futures rangea as iou. WHEAT. Open. High. ..f .R6 $ .S7 . .90 .90 .. .95 .95 Low. f .8; .89 .94 Close. $ .86 .95 Sept Dec. May CORN. .74 .7) .72 Sept .73 . .70 .73 tj .69 .70 .74 .70ii Dec. May SHORT RIBS. .41 .41 41 Sept Dec. May . J.37 .45 .43 .41 -i4 .47 '.41 m -49 .47 OATS. ...21.40 21.50 '21.40 .'....19.60 19.72 19.60 MESS PORK. 11.15 11.17 11.02 .10.02 10.97 10.92 LARD. 11.20 11.22 11.10 ...'.. 10.32 10.37 ii 10.32 21.47 19.65 Sept Jan. 11.02 10.97 11.15 10.37 No. 2 Sept Jan Sept. Jan. Cash prices were: Corn No. 2. 757oc; 75 76c: No. 3, 7576c; No. 3 white, 75 is 76c: No. 3 yellow, 76976c Rye, No. 2, 6S6Sc. Barley, OS 77c. Timothy seed, $4.40 5.35. Clover seed, $10(8-12- European drain Markets. LONDON, Sept. 5. Cargoes on passage steady. w . English country markets easy; French country markets easy. LIVERPOOL, Sept. 2. Closing: Wheat Spot, steady; futures, strong; October. 73 ld; December, 7s ld; March, 7s 2d. Weather fine. Minneapolis Grain Market. MINNEAPOLIS, Sept. 2. Close: Wheat No. 1 hard, S7c; No. 1 Northern, 8oa 7c; No. 2 Northern, .88 5 8;c; No. a hard Montana, 83c; No. 3 wheat. 80 83c; September. S4c; December. 8S8 oS'-ic: May. 8e. Flax fl.45iirl.48. Barley 54 (&- 70c. Grains In Ban Francisco. SAN FRANCISCO. Sept. 2. Spot quota tions: Walla Walla, $1.47: red Russian, $1.47; Turkey red, $1.5501.67; blue stem, $1.5Cjt1.57: feed barley, fl.Sogp 1.37: brewing. $1.87i8U.42; white oats (1-5091.52; bran., $24.50625: mid dlings, $3132; shorts. $25 ii 25.00. , , . 1 1... tirh.,1 firm no trdlnr , tI-. 1 (I A.JL hlH tl .4.1 isariey, iirju, wci.oiiiuni . t asked; May, $1.47; October. $1.37 bid, $1.40 asked; September, new, $1.36 bid, $1.39 asked. i Pugrt Sound Wheat Market. SEATTLE. Wash.. Sept. 2. Wheat Blue fortyfold, 80c; club, 80c; Fife. 79c; red Russian. TSc. Yesterday's csr receipts, wheat 47, oats 4, corn 2, hay 13. flour 14. Duluth Unseed Market. DULUTH. Minn., Sept. 2. Linseed, $1.47; September. $1.46; October, $1.48. Elgin Butter Market. ELGIN. III.. Sept. 2. Butter, Arm, 80c per pound; market, higher K 4506. A Z L Sm... 21 Arizona Com . . 2 4 B & C C & 8 M. 1 Cal Sc Arizona.. 66 Cal & Hecla. 410 SOME dav you'll want to go into business for yourself if you are an ambitious young man and are saving a part of HUH is sa aa es sa bb as aa- be aa S3 53 S3 nn pa Will Air..ni 7A Future home of the Northwestern National Bank and Portland Trust Companv of Oregon. 'W ' ill and we can help you with advice and feel justified in extending more practical assistance loan you money on your real estate or handle your affairs in escrow. We Pay 4 DIRECTORS H.- L. Pittock, Chairman. J D Farrell Charles H. Carey Wm. D. Fenton F. W. Leadbetter John Twohy A. D. Charlton Dr A. S. Nichols U B. Menefeo Emery Olmstead Northwestern National Bank AFFILIATED WITH Portland Trust Company of Oregon EXPORTS FINANCED During the season of exporting Oregon's products to all parts of the world we are prepared to finance these ship ments and will quote best rates for the negotiation of prime documentary drafts in connection therewith. FOREIGN EXCHANGE DEPARTMENT. LUMBERMENS NATIONAL. P3AN& MILLIONS Corner Fifth, and Stark This bank offers to the public all the advan tages of an old, reliable, conservative and well connected institution. It seeks to characterize everv transaction with integrity, promptness and s courtesy. Security Savings and Trust Company Fifth and Morrison Streets Capital and Surplus - - - - $1,400,000 LADD &TILTON BANK Established 1859. Capital. ., 1,000,000.00 Brjiplu. 1,000,000.00 DejEdt. 14,000,000.08 Commercial and Savings Accounts OF-FICTIR9. TV. M. Laaa, President Bob rt B. HowarrL At CaaMrt Edward Cooklnham. Vlc.-Pras. 3. W laid. Aast f a.hlsr. W. H. Dqneklar. Caahler. Waitar M. Caok. Asst. Cashlar. Corner Washington ui TUrd Street. THE BANK OF CALIFORNIA NATIONAL ASSOCIATION of San Francisco Founded 1864 Capital Paid In $8,500,000 Surplus and Undivided Profits.. $8,050,061 Commercial Banking and Savings Departments PORTLAND OFFICE Third and Stark Streets your earnings now tor the time when you'll cast off the salary yoke. Place your savings account with this bank now build it up now and show us by your economy and persever ance that you are the kind of man that we can have confidence in. Then when you are ready to make a start you'll have an acquaintance and an es tiblished standing with a good bank. "The Bank That Can Serve You Best" Per Cent on Savings Third and Oak Streets Portland, Oregon RESOURCES 7- The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1807. general banking transacted. business Interest paid en tin deposits. Letters of Credit a2 Travelers' Checks Issued. PORTLAND BSANOH, Corner Second and Stark Sts. F. C. MALPAS, Manager. On slippery, rainy days horses and automobiles pay a silent tribute to the "clinging" quali ties which Eitolithio paving offers. J.CWILSON&CO. STOCKS. BONDS. GRAIN AND COTXOX. MEMBERS MEW YORK, blot st EXCHANGE. KKW YOHH. COrtOH KXCHANt. CUICAUO IIOAK1) OF 1BAUB, fHK 6IOCK ANU BOND EXCUAAOS 1 SAN FBASf CISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street. Phones Marshall 4120. A 4187. TRAVELERS' OTJIDK. HAMBURGV AMERICAN Largest SS.Co O-er400 Ships in the 1.306.819: TON? World's Lnrtrt Ship SAILS AUAIJf SEPT. iO, la JVOOX and ererr three weeks thereafter. Enabling pa&sengers to arrive in ! LONDON and PAK1S on sixth and in HAMBURG on seventh day Books now open for season. LONDON, PARIS, HAMBURG llVnnvIvanla...lSi-nt. 11. 3 l'.M. Victoria Lulse. . .Sept. 14, A.M. limirralor rirnt. SO, II "una UPatriela Sept. 20, IS noon Amerika Sept. 23, 10 A. M. I'.'d cabin only, t Hamburg dlrocu First cabin only. E78. S. Pennn.Tlrsnla and S. H. Pretoria sail from New Tier foot of 83d St.. South Brooklyn. All other Sailings In this servieo from our Hohoken Flers. MEDITERRANEAN ft Gibraltar, Naples and Genoa 7 All steamers la this aersles leave from NEW I'lER. 33d St., So. Brooklj-n. Take Sib St. it err. B. S. Uambars (11,000 Toas) Sept. 17, 10 Av M. 8. S. Moltke (12,o00 tons) trt. 7. 11 A. SL CRUISE AROUND THE WORLD. Through tho PANAMA CANAL, January 27, loin. BOOK3 NOW OPKX. K70nr Tourist Department a, ranees Tours by Kail or Steam er to all parts of the World, writs xor iniormauoo. HAMBURG-AMERICAN LINE 1 169 Powell st., San Francisco, CaL; i Hmiinnrn racmo uo.. su atn st is o.-w. it. in. L.O.. . or. vt. clxlc, u. & it. u. it. it.. uurungion nouie, sail' W. waukte A PuKSt Sound R. R., ureal North m Railway Co, bmitn. SYDNEY SHORT aB-FVinefatf A...triit IBrfauiTift HnnntlUU riH Ranvn. the attract itq and i a nr nimmsr finlnriiri 10.000 DCUaUt ruuKf ss lupj t ton itram.ni (classed by Bnluh Lloyds 100 A1). S110 MO.tOLKl.il liret-cln round trip S1INET J300 $325 GRAND TOUR SOUTH SEAS $325 Honolulu. Ssmos. Australia, New Zealsnd, Tahiti, etc R0U NO THE WORLD $625 1st saWn. S396 2n Vuitioz S continents and world'i (treat cities (itop-oren) Sailinss Honolulu July 29, Aug. 12, 26. etc Sydn srery 28 days, July 29, Auit. 26 etc Send for folder. Ocwao S. S. Co, 67S Marksl St. San Frmdwa STEAMERS FOR Baa Francisco and Los Annclos WITHOUT ClIANtiE. B. 8. BEAK. Sails 9 A. M Sept. 4. a c lirfwu rlTV. SalU Sent. 0. THE SAN FRANCISCO FOUTLAND il. 8 CO. Ticket Office, tt anu nasuina; ton, with O.-W. K. 'o. Phone Marshall 4i0Q. A 6121 San Francisco, Los Angeles and San Diego Direcl S. S. Eoanoke and S. S. Yucatan, bail Every Wednesday Alternately as f. SI. NORTH PACIFIC S. S. CO. IMA Third St. Phones Main 1314. A 131V NEW YORK -PORTLAND REOULAR FKttlUMl r.nvjvr tow Rates. Schedule Tlma, AMERICAN-HAWAIIAN S. S. ca tlS Railway Exchange Bld sTortlaad. Or. lasiat S7. " COOS BAY LINE 6TEA-MSHIP BREAKWATER sails from Ainsworth Dock, Portland. 8 A. at.. August 8. 13. IS. 23, XS. Sept. 3. 7. li. 17, 22, 20. Freight received until 6 P. id. except day previous to sailing, previous flay 8 P. M Passenger tare: First-class, cecond-ciass, tnciuains berth ana meais Ticket office Lower Ainsworth Dock. PORTLAND at tlKIH BAY B. b. LlnK, 1 U. KK.VT1NU, Agent. l'hono Hula 3690. A XS2. Drain-Coos Eay Auto Line Now Daily to Marshfleid. Wire reservatlona to O. Mattoon. Draln, Oregon H World's Lnrtrt Ship M H SAILS AUAIJf V If SEPT. iO, la JVOOX U h R. R., ureal North- j em Railway Co, fj V5 Dorsey B. Smith, f - 69 6th St., Port- jQf 1