September.
THE WEST SHORE.
--HNANOAL AND COMMERCIAL.
The fail me of the Bank of California, which
occurred on the 20lh of last month, it the moat
fixeltlag topic of the day and tu the severest
hock ever experienced in commercial circle on
the Coast. It was on of the oldest banklnaes-
taBllshments in San Francisco, and in the vol
ume of 1U transactions, one of the largest Id the
United States. Premonitions of Its shaky con
dition nao oeen apparent for some days, but the
general publlo as. well as its managers and trus
tees hoped that tu strenuous efforts to "bridge
over" the period of the cola scarcity now pre
vailing In Son Francisco would be successful and
that It would pull through all right. Many
ports concerning the cause of Its downfall ere
afloat, but the reason assigned as the moat plaus
ible hi, that It was carrying a large amount of
mining stocks, which depreciating greatly on Its
hands, U could not convert them, and the ship-
menu of gold toNtsw York by men-hunts tluoir-
r -out of realising the high premium, together with
the demand for coin to move the California
.wheat crop bad so depleted the San Francisco
, .market of ready money t hat even the actual as
sets of the bauk could not be made available In
the hour of Its extremity, and on the 26th at halt
past two o'clock, afternoon, a run on 1U vaults
- having been kept up tor the space of Ave or six
tiours In which about one and a half millions
tad been paid out over Its counters, the doors of
jthls gigantic corporation were closed In the face
of hundreds of depositors clamoring for their
money, and pnyments by It declared suspended.
The news spread consternation In all Han Fran-tt-claoo
and was flashed along the wires north and
south aud for the space of two days checked bus
.4 lncss operations, and sent a thrill of fear through
"tcornmercliil circles all over the Pnclflo Coast.
''Even to the heart or Wall Street, New York,
word was flashed on the wires, and for the hour,
ksold rose 2 percent., while In London serious
j fears are said to have been entertained that most
f, disastrous results would follow. The crash of the
. fall of the bunk had scarcely ceased to souud
inrough the land when news eame that Its
founder, manager and President, Win. C. ttals
ton, was dead, and a tort of horror took the place
of surprise In the public mind.
The Bunk of California was founded In 1838 by
Mr. Halston and others, with a capital of two
millions. This was subsequently Increased to
five millions, the stock being owned by some of
the wealthiest men of California, and until very
receutly the bank was regarded as one of the
soundest moneyed Institutions In the land. Its
deposits at the time the run begun, which cul
minated In the suapenslon, are said to have been
from 3 10, 'X, 000 to 118,500,000, and Its loan and dis
count transactions about of equal magnitude, but
00 statement having yet been made publlo, It Is
Impossible to tell Juat what Is the condition of its
Affairs. The latest San Francisco advices credit
. O. Milis.a wealthy stockholder, with the state
ment that stockholders will oome to the relief
and that the bank will resume; but the report
lacks details and confirmation, and It Is more
than likely that the days of the Bunk of Cali
fornia are over.
The eflect, as far as Oregon Is concerned , la not
serious. Business matters were somewhat re-
JJARDWARE, IRON, STEEL,
HUBS, SPOKES, RIMS,
OAK, ASH AND HICKORY PLANK
JMUKTIIKUf THUMI'SON,
Cor. Front and Yamhill, Portland.
J, MoCRAKEN & CO.,
Importer,
SHIPPING COMMINNION MERCHANTS,
w, k, - auu w florin rrniii ni., rurttatitl, Urasnn,
AQRiVTH FOK UIMtOY'M M!NIKK RAMS
mill Himiflnn: Mi'Miirmvuml W z iii.
A iiroit.' case Uonih; Okwi'ko "Klnjisfonl stim-li:
liunneweil's Hpii-pn, Cnwiu Tartar and CrjHUtl
llneOll: (Iron A Cn't .111,1 k'lin.rvv ,,., 1-
dies; Kalem l,ead Co.' White lWd.
aiko, ror tne rollnwitig Klmirtmt Mills: Mug.
nolla, .Standard, Ltdmntin, Amunvllle & Mission.
N. It. Hlteclal rittcrillim nnitl In Rhln'a l.n.inn..
and purelmitlng func-p" of Wheut and Flour.
. sroi
wraeu, ana tor a wblle transaction! of a oomitfeT- Ltbenrt -birth Advances on Consignments'
vtnt rnnrtwair i mull ceaseu in our local market;
but when the smoke cleared away and It waa
fouud that no one here was klllod, or even crip
pled, things at once settled back Into their nor
mal condition and are at this time moving for
ward encouragingly and smoothly with no mate
rial pressure In the money market or derange
ment In values, and Portland and Oregon may
be congratulated that business here Is conducted
on such sound and substantial principles that a
fearful crash so near our doors has disturbed the
serenity of our affairs so slightly.
The aspect of monetary affairs In our mldit has
changed but little, and any Increase in the de
mand which has accrued bus been freely met by
the local bunks at former rates. Outside parties
are also ottering to loan very considerable sums
In this market, the shrinkage In business else
where having thrown a great deal of capital out
of active employment. Our State, which hus gen
erally stood In need of capital to aid the develop
ment ol her great resources, Is receiving a fair
proportion of that which falls to dnd profitable
Investment elsewhere. For the first lime In
many months our home money market Is uow
In easier condition than that of Ran Francisco,
where a manifest disposition toward a state of
stringency la shown. This result from the fact
that while a general repose in business here has
been the ruleduring the summer months, the ac
tivity in trade circles there has been kept up and
the liquidation of Eastern and European Indebt
edness for heavy Importations has drawn very
heavily on the financial resources of thut Slate,
added to which the Government has been a large
purchaser of specie In that Slate, having takeu
at one time five million dollars In silver for the
purpose of coinage to provide a fund for the re
demption of the fractional currency. The pro
visions, however, to meet the demand for money
to move the grain crop of California are quite
ample, and with their wonderful power of recu
peration, there Is no likelihood that the apparent
pressure now felt there will be continued or seri
ously retard the progress of trade.
In imported goods, Portland merchants have
njoyed as full a share of activity the post month
as was anticipated, August being always a month
In which the main object Is to H bridge over " the
season which Intervenes between the business of
toe summer and the autumn trade. In fact, more
activity has been displayed in the month, In the
preparation for the fall business, than In any
other direction. All our Importing houses have
made heavy orders, but have with greater ears
than Usual confined their purchases to goods
suitable to the actual wants of 1 he trade. Im
ports during the last half of the month will foot
up lareely, and by September 1st, most of the
wholesale Arms will be In receipt of full stocks.
There has been no special change in quotations
10 manufactured goods since our last Issue.
A continued firmness tn the leading groceries
- iHM-cw wim an advance of ai ceuts per lb.
in Coflees of all grades, cent per lb. on tfugars
aad cents per gallon In My nips.
In the line of produce, some more noteworthy
fluctuation hava taken place, aud during almost
the entire month so far, the market for bread
stuffs has been In a feverish and excited condi
tion, both at home and abroad, owing to the al
ternations of rain and sunshine In the grain
growing sections of the globe. At the close, we
quote Wheat at 11 HOuJl peroental, and Flour
at 96 pei bbl. In jobbing lots for standard brands.
The reports from the interior of the State con
cerning the harvest are slightly conflicting, but
the predominant opinion Is thnta full yield as to
quantity will be the result with some slight de
preciation In the average quality as compared
with former years, and thut at a low estimate the
surplus wheat crop seeking a market through
this city will be 125,000 tous. The tonnage neces
sary to carry this away la only In small part eu
gaged as yet, but the supply on the coast or
headed in this direction Is ample, and freights j
are ruling unusually low, the highest rates being
U inrnx tills port lor Liverpool, aud U 7s. tkl.
from-Hnn Frauolsco, with 00 disengaged vessels at
the latter point, having an aggregate tonnage of
nearly TO.0O0 registered tons and a carrying ca
pacity of fully 100,000 tona. There are two vessels
now In the Columbia river, the harks Elektra
and Dllharreo, awaiting engagement, both sullu
ble for the grain carrying trade. -The bark Cusma
Is here already loading and will huve quick dis
patch at the hands of Messrs. Hewett A Co., who
have the Ailing of her. She will be the first ves
sel foreign , bound to leuve our port the present
harvest, but before Its close we hope to see ut
least a hundred like her depart Inden with the
golden grain now being gathered, In return for
which our people may receive a bountiful reward
lu glittering gold uud the wealth and ability to
develop the resources of our State be greatly In
creased ou this westoru shore and be founded
and built up one or tho great cpmmorclul centers
of the Hi'utiblio.
Office of the Singer Manufacturing Company,
Ho. XOJ Third Strart, VorOmni, May 87, 187k
Hm ol Company and Machine. "H.m'SSV' I I, 1
-r - , : 21 a "old IKT4. Increase or Poena.
The filnger Manufacturing. Co.. 31:11.44, .iTn.n :
Bo H M, Co. (estimated) ZZ.... lstJil! &"V "".'I"
Wllco Glfahs " IS MB
'as" rr WX tai
AAn I. E. Brmq-sdorf Co fro" tKS " jj&j
8ti.fr 8EWINO MACHINES gold Not. r Monthly Is.UUmt PUa, and a Uberal
dUeont mails for tuub.
New 'VwkT -- i-jfo A1- -uuer nasi rraneUeoi 4 VnUm. f4quar,
STOCK BOARD OF SAN FRANCISCO.
ON AND AFTER TlIW DATR I AM PRR-
quoted ut tho ubove board, thereby olTe'rluK to
tlioau desirous of
Investing Honey in Stocks
Facilities superior to any heretofore obtainable
in Uregon.
Throug-h Tickets sold to and from and
Sight KxcJmnirv Drawn
On all the principal European cities.
Loans and Discount., mmlo nn Mnnl
sotiul oecurlty, ou advantageous lerms.
Collections attended to throughout the United
Slates and BrltUa Provtuces, aud proiiiit rcturui mads.
HoUr.r Publlo and CoiiiiiilMlnnrr of Dfd fcr all ths
States aud Turrttorle. fuuvevuiuiug in all lit brauutius.
A. 8. CROSS, General Broker,
sgunt lr tbu Hhttn Une Ku-iiiuililp Co.,
Puot ut siark 8U, I'oriluud Oregon.
Dowlb kUcLkUT, Xrhxrtk HtCLSiT. Portland.
m. uhbitt, wt ntiuraiufiiiu bl, Ban rranclsoe.
CORBITT A MACLEAY.
1J 18 Front St., and 10 A la, FirstBt., Portland, 0.
WHOLESALE GROCRR8,
Shipping and CommlssloB Jferehsmts.
Importer i of
TEA, TOBACCOS LIQUORS.
Hi port tin of
Wheat. Floor, Wool, and all kinds of Ora-
srraunc. -
W. JACKSON & CO.,
Importers.
Wholesale and retail denlen In first quality
CROCKSKY, OLAHSWAHK, FRENCH CHINA,
PLATKU WARK,
8ETR THOMAS' CLOCKS,,
and a general sMnrtntent of
House Furnishing Goods.
PAINTS, OILS, &0 AC,
No. M Front Street, - Portland, Oregon.
JAMES LAIDLAW A CO.,
COMMISSION MERCHANTS,
' T, Pint StrMt, Portland.
SOLE AGENTS FOR GIANT POWDER,
Lea A Perrln's Worcestershire Sauce;
Agents for Dundee Grain Bag Manufacturers,
And Exporters of
GRAIN, WOOL and SALMON, and other OR
T.A. DAVIS CO.,
11 Front Btreot, Portland, Orevon,
INrORTEHS AMD WHOLKHALlk OP
DRUGS, PAINTS, OILS,
QLASS
DRUGGIBTBBUNDRIES.
Role Aijents for the
AVERILL CHEMICAL PAINT.
J. KliAEMER CO.,
Importers of
Boots & Shoos,
47 FROST STREET,
Portland, .... Oregon.
J. KRAEMER. . EAimX. F. t, AE1X.
Oregon Iron WorlisAlbina.
Portable, Stationary, High and Low Pre it re Enatiiv ami
Jiotlcm, House Casting,
Machine- for Crist Mill, and Saw Mill. Ornamental Fenoe Work, Iron and
Brass Castings of every description.
THB BEPAUUNO OK HVCMNERY AND BOILKKS PIIOMPTLY ATTfetNDKD TO.
LARQE 8T0CK " PATTKRN8 OS HANn, which I. UnMolll Ibr Vnrlcly .nil Oaalllr.
POKTLANO, MICK BO I SIM. JOUJI NATION, 8u,Wlnl.,iont.
n, o
e m c
Ifew Improved Latest and Best,
""ICE 113 TIUUU HTKEET,
Local Agonu Wimt.il,
POItTLANU, Ulll'UUN.
J. B. LOOMItl, Oenornl ARcnt
N El M EYER & UTTER
O i c- a
The only fasliionable MercliaiU Tail
oring Establishment
IN PORTLAND.
G. H. MEUSSDORFFER,
Ill Front St., Portland, Oregon.
iSTNEW STYLES tan
Received by each Steamer.
HACHENEY & STEMir
Corner First and Taylor, Portland, Oregon,
Dealers and Josban la all klads
FIRST CLASS GROCERIES,
Prodnoa, Etc., Etc.
Full slock constantly on bund.
floods delivered In any part of the city free
of clmrgo.
Call and examine our slock.
WHEELER I WILSON
Improved Draw-Feed
Sewing Machine
FIRST P BE BID HI, 1874.
Oregon Stnto Fuir;
Washington County Fair;
AND AT
ALL tho Fain in California,
LONDON, 1862
PARIS, 18G7;
VIENNA, 1873.
R W. If JURAL,
Uoneral' Agent,
Cus. Hirstel & Co.,
IMPOBTBES A DB-LBBS IX
BOOKS $ STATIONERY,
NOTIONS, TOYS, ETC., ETC.
Subscriptions received Tor all Eastern Publications
No. 71, Front St, Portland, Oregon.
R7-BLOK BOOklTlmiK TO 0KDKB.
J. A. STRO WBRIDGE,
IMPORTER AND DKALRR IV
141 Front St., Portland
S OOKV. J. L. BOIKItr.D.
COHN k ROSENFELD,
Commission Merchants,
Oregon and California Produce of all kinds,
Front ai, bet. NonlMn Mid Yamhill, rortland. Of a.
Cash paid for Buttar, Exit, Poultry and Hides.
itV COXSIOMHKNT BOLICITKO.
GEO. W. VOLLUM,
Book Binder, Paper Ruler
BLANK BOOK
9
Manufacturer,
No. 6 Washln-ton Htreet,
PertJaad, O-a.
Blank IJuoks mads to
order, and ruled to any
desired pattern.
Newspapers, Magailnee,
Husle, Etc,
Bound la any style with
Rnliw tit liiptta,
At greatly reduoed prices
95 Third Street, Portland.
U. tXM. I, MILLS If I Si 9, UM
zaiv mturii. at co.
Mu ufa? turera uf
Brooms, Brimfies and Wisps,
Wlitilt-uls thn In
WOODEN AND WILLOW WARE
Alsu, HsaulVlHi-n of
Patent Corrugated. Spiral A Socket Brooms,
111 ead 119 Davis ., Ran frnnelsm, Cal.,
No. I MOUTH FRONT ATRKKT.
I'ortluud, UruKoQ.
OREGON BAKERY,
Ol'ITZ k W1NTTEB, l'roprietorn,
Vtrst St., aezt la oor. f Plaa. Portland,
Manufacturers of all kinds of
Crackers, Bread, Cakes,
AND PASJT11Y.
PILOT, SHIP AND NAVY BREAD
Always sold below Hun Kronelsco prlco.
BUCHTEL & STOLTE,
or Tints BTATD,
Are now csublislicd at their
HEW AID ELEC1HT BOOMJ,
OX Till COkSH Of
hi d Morrison Street:,