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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 16, 1900)
TIJE MOENING OREGOJNIAN, THUBSDAY, AUGUST 1G, 1900. 11 COMMERCIAL AND The volume of business la satisfactory -Jor the season, and, if anything:. Is larger than It was a year ago. The -wheat sit uation Is unfavorable, and there Is noth ing in the advices from Liverpool to give tone to the home market. Freights are firm. Shipowners are boldlng for 45 shil lings, and show -a. disposition to go high er. The San Francisco Commercial News reports that the British" bark Glcncalrd, Tiow at that port, has been chartered prior to arrival to load wheat at Portland for the United "Kingdom Havre, Antwerp r Dunkirk at 38s Sd. Nothing. Is Jcnown of the Glencaird at Portland,' and it is probable that the San Francisco paper tnado a mistake In reporting that the 'Vessel has been engaged to load here. At San Francisco the total tonnage due Is light, as at other points on the Coast, and there is nothing in the situation to warrant a decline beforo the holidays. Sugar was marked up 30 cents per 100 pounds on all grades this week. This is duo to shortage of raw material at San Francisco. The increase is entirely local to tho Pacific Coast, as there has been no advance in the East. All varieties oi vegetables, except cabbage, are plentiful. Supplies are now drawn from California, bat Oregon's second crop will soon bs coming in. Potatoes are in good supply, and the market lacks strength. Hops 6how no life. Contracts are on the basis of 9, 9V and 10 cents for this year's crop. Green and dry hides continue dull, with a tendency to lower levels. Veal and pork are steadY. During the week there was some skirmishing among exporters for new brewing barley, and as high as U7 was offered. The market closed soft, at $15 C0gl7. Oats are in good demand, and prices are Arm. "WHEAT The local market was dull and featureless all week. Whatever Hie tho market displayed was outside the city. Pendleton reported the sale of small lots at 49 cents, which was equivalent to about CI cents in Portland. Twenty farm ers of Marlon County pooled 000 bushels of wheat, and sold It to a mill at Stay ton for 56-cents.' This Is far more than the wheat -is worth In Portland In the present condition of the market In tho principal centers. Great Britain had fine weather, and, with the Improved prospects for the British crop, the dullness has been uniform. The big markets were offish throughout the week, Liverpool, Chicago and New Tork all showing de clines for September wheat. At Chicago, last Thursday, there was a moderate buy ing demand from local shorts, but the advance on the previous day's quotations did not result In any pronounced increase In the volume of trading. Most of the selling was in the nature of realizing by traders who had bought earlier in the week, but It was never heavy enough to cause real weakness. Opening price was 7GMsC? highest, 7Gc; lowest, 75c; close, 76VJc On Friday local traders were good buyers after the surprise occasioned by tho Liverpool decline had died away, .and in addition there was a fair demand through commission-houses. To offset the crop damage news was the estimate of 78,000,000 bushels of wheat as the crop In Kansas. These tremendous figures made a good many traders hesitate about getting on the long side of the market. Opening, 75c; highest, 76&c; lowest, 75c; close, 7Gc. On Saturday selling was quite heavy for some time, princi pally by local traders, who had bought wheat tho day before in the belief that the Government crop roport would show a big falling off in condition, and even often this liquidation had ceased the market showed little sign of recovery. Opening, 7Gc; highest, 7Cc; lowest, 75c; close, 75Vic. On Monday wheat began decidedly weak, under the Influence of wealc cables and heavy Southwest re ceipts. Liverpool was off, and the re ceipts at Kansas City, footing up 750.OWI bushels, broke all records. Influenced by this kind of Information, there were hosts of people with wheat to sell and few to buy it at anything like Saturday's closing figure. Covering by shorts for profits steadied tho market, and grad ually forced some recovery. Later re ports of damages from excessive rains in the Northwest from sprouting, and a prospect of more trouble should the rains continue, caused a further recovery. Cash sales of about 200,000 bushels were also nj help. Opening. 74V4c; highest, 75?gc: lowest, 74i4c: close, TB&c On Tuesdaj the market opened easy. The Northwest rains had about ceased, and the Illinois Etate report made tho yield 2,000.000 bush els, compared with the Government es timate of 3R.O00.O00. Theso considerations gavo the selling side a majority. Liver pool -meanwhile was showing firmness, opening tfd higher and advancing fractionally ialtfi -Xhls was encourag ing to tho bulls, and induced covering by scalping shorts. Trading was mostly local. Opening. 74ic; highest, 75c; low est, 74ic; close, 75c. Yesterday the mar ket opened a shade under Tuesday's close, at 7475c. and closed at 74ic. Fol lowing is the range of closing prices for September wheat at Liverpool, Chicago and New Tork from Thursday, August 3, to "Wednesday, August 15, both dates In clusive: Liverpool. Chicago. N. Y. Thursday 6s 2 d FrldRV c lHd Saturday Gs iud Monday 5s Ud Tuesday 6s i& "Wednesday 6s d 76Uc si U.P 76 c ToMo 7514c 75 c 74C Slc 6014c SOc TSSiC 7SC Great Britain is harvesting an early crop this year. "Wheat-cutting commenced In Huntingdon, July 25. the same day that the harvest began in the jubilee year, and only 15 days behind the earliest crop of the century 1S96. As early as July SL wheat-cutting had begun in many of the southerly counties, as far north as Hunt ingdon, and it was expected that by Au gust 4 it should be pretty general over a wide area, and that if the weather held fine and hot harvesting might be finished by the third week in August. According to reports received up to July SL the Eng lish crop was likely to yield a bare aver age, or say about 29 bushels per acre on an area less by 100,000 acres than last year. The crop, in comparison with for mer seasons, appears as follows: Bushels Total crop. .acreage, per Acre. nuneis 1900 2,009.000 3S9 2.6X,000 lS 2.156,001 IWT 1.9W,AS 3G 0.7M.K7S 3596 1.454.012 KS.O"i0,O00 32 3151 Gi.2S0.5tS 74.S5.2Se 6fi.36.535 5S.247.00 SS.2S5O00 3t2-3 266 "WOOlr-Thore appears to be little more disposition on the part of Eastern buy ers to Iceap la touch with market condi tions. This slight improvement has im parted a steadier tone to the local situa tion, but there has been no advance in price. At Boston, what inquiry there is. Is for all grades. The demand cannot as yet be considered as vary active, however, as consumers are still conservatively in clined, sad are not disposed largely to an ticipate future wants. They are gaugine their ptttettacs in accordance with actuaX FINANCIAL NEWS requirements and. are still disposed to do a good deal of "shopping" before finally purchasing. The manufacturers are espe cially looking for weak spots, but do not succeed in finding many. In fact, the tendency of prices is firm, and holders in some Instances have been able to get slightly better prices in some lines. In cluding B supers. A considerable line of speculative wool, -which had been depress ing the "market for some time having been worked off, the market has to that extent been, relieved, and members of the trade feel stronger and more confident as to future values. The feeling certainly appears less demoralized, and holders of territories, for instance. whoa few weeks ago would have willingly sold at 4Sc, are now strongly holding for higher figures. The "soft snaps" have apparently disap peared from the market, which, on the whole, may now be quoted as steady to firm. More wool could have been sold if holders had been, willing tp accept the bids of consumers. The American Wool and Cotton Reporter says the New York market is gaining strength undoubtedly, but the improvement is very gradual, and some dealers still cling to the opinion that the time has not yet come to expect bet ter things of tho near future. The vol ume of actual business Just now is very moderate, but conditions are such as to Inspire confidence in many wool men, for better weeks than the past one are near at hand. The woolen goods Spring sea son is now fairly well developed, and as soon as the manufacturer has had more time to consider conditions in his busi ness, he must enter the market to make whatever purchases he shall find neces sap The buying of light-weight goods by the clothier has not been notable for its brisk tone, and the conservatism pre vailing in the woolen district is reflected in the demand for raw wools. The manu facturer, like the clothier, is feeling a reaction from, the unhealthy speculative sentiment which has now departed, and will proceed with caution. This, however, is causing no alarm. Prices for woolen goods are established on a substantial ba sis and will probably be well maintained, and prices for wool are generally consid ered" sufficiently low to permit of activity in the market starting at the present ba sis. Dealers in wool realize that manu facturers have so arranged their prices as to allow for Increased cost of wool, and they are holding their own prices ac cordingly firm. A private circular " Issued under date of August 9, by Jacob "Wollner, thus re views the situation In San Francisco: The local wool market shows 'some signs of improvement - A good "deal of wool has'been ''selling at fftlr prices. The Eastern market is also reported stronger with larger sales, with prices from 20 to 30 per cent lower than prevailed in December last, but still from 60 to 75 per cent higher than In 1S9G. There are several reasons for the wool market be ing so dull the last seven moths. The principal ones are that manufacturers bought heavily In the spring of 1S30, when wools were low, and followed up the mar ket until they had nearly a j'car's sup ply of wool in their mills; European mar kets advanced more than those of the United States, owing to tho belief that there would not be enough fine wools to go around; when the beavy-welght sea son opened goods were in strong demand, but principally the cheaper kind. The manufacturers used from "50 to 73 per cent of cotton and shoddy in their fabrics and the coarser grades of wool which were imported as carpet wools under a duty of 4 cents per pound. The South African war and other political complications demoralized European trade Insomuch that the market dropped from SO to 40 per cent, making it possible for cross bred wools to be Imported to this coun try, and a great deal more fine wool showed up tnan was expected. GRAIN BAGS Generally speaiklng, farmers have completed their purchases for this season although some In Eastern Washington are "without supplies. Tho local market continues firm at i&g I2fe for spot Calcuttas. At a meeting of the Calcutta Jute Manufacturers Association June 29, it was stated that the consump tion of jute by the Calcutta mlll3 for the year ending July 31, 1900, would be 2,217, S70 bales, and for next year 2,3S4,442 bales. Arrangements have been made since by the mills In the combination to maintain the minimum price list on bags and bag glng until September 35. The effect of this agreement has been seen In the tem porary withdrawal" of all large buyers from the market. The history of pre vious Calcutta combines has not been such as to give buyers confidence in the long life of the present one. They re gard present prices as purely artificial, and will wait until the combine Is dls solved before placing contracts for fu ture delivery. FBiUTT-r-Keceipts were liberal all week but the demand kept tho market cleaned up and there Is no overstock. Peachea are in moderate ,supply and firm at 60 cents for choice. Roseburg and The Dalles are Ehlpping freely and If their stocks hold ouC dealers may not have to call upon California for Salways for tho local trade. Watermelons are arriv ing in large lots from Rogue River, The Dalles and Idaho, and California Impor tatlons have fallen off in, consequence. The Rogue River product has a fine flavor this year and is a favorite with buyers. Trade in oranges is largely for late Valencias and late navels. These are very good, considering the time of year. Notwithstanding the large stock of green fruit, a carload of bananas worked off readily and another carload Is on the way. POULTRY Any quantity of mixed Board of Trade and Stock Exchange Brokers GRAIN PROVISIONS STOCKS and COTTON BOUGHT AND SOLD FOR CASH OR CARRIED ON MARGINS- 214-215 Chamber of Commerce Portland, Oregon scrub springs came to market this week and sold at all sorts of prices, from $1 50 to ?3 25. Straight coops were in better demand at higher prices. Hens are none too plentful, but there Is not much in quiry for ducks and geese. Turkeys are scarce and not generally asked for. Good live sold as high as 1516c, this week, but prices are nominal at 1416c for live and 15S17c for dressed. BUTTER The supply of creamery la gradually decreasing and cholca is firm at 50c. The indications" are that stocks will further.decrease and prices strength fen. Store butter, is pretty well out of the market. EGGS Stocks have been plentiful dur ing "the week and fhe price has been fairly steady, at 17c. Some of the re cent Eastern' shipment is still on the market. There was no need of the ship ment as . local stocks axe sufficient "-to supply 'present demands. T : Bank Clearances. Exchanges. Balances. Portland , $274,801 $51,772 Tacoica , 213,404 - 31.12S -Seattle 2S5.342 03.015 Spokane - 150,030 2S.444 PORTIiAIOJ MARKETS. Grain, Flour, Etc. Wheat Walla Walla, nominal, 55c; Valley, 54 S 55c; bluestem, 58c per bu;hel. Flour Beat grades, $2 75JJ3 10 per barrel; graham, $2 50. Oats White, 3C37c; gray, 34(&35c per bushel. Barley Feed, $15315 50; brevflng, $10 50 17 aer ton. Mlllstuffs Bran, ?13 per ton; middlings. $20; shorts, $14; chop, $15. IlAy Timothy. $11CT12; vJovrr. ?77 50; Ore gon -wild hay. $67 per ton. Batter, Eire's, Poultry, Etc. Butter Fancy creamery, 4550c; store, 232 27&c per rojl. - Eggs 17c per dozen. Poultry Chickens, mixed, $34 per dozen; hens, $40; Springs, $23 50; ducks, $34; geese, $45 per dozen: ttirKeys, live, 1410c por pound; dressed, 1517c. , Cheese Full cream, twins, 1212VSc; Young America. 14c per pound. Vegetables, Fruit, Etc. Vegetables Parsnips, $1; carrots, 00c; tur nips, 75c per sack; onions, $1 251 CO for YqJ low Danvers; cabbage, $2 per cental; potatoes,- 4050c per sack; peas, 34c; beans, 07c per pound; cucumbers I015e pet dozen; tomatoes, 05c per box; ereon corn, 1012c per dozen. Fruit Lemons, $4 505; oranges, $3 504 per box for late Valencias; pineapples, $4 500 per dozen; bananas, $2 5Q3 per bunch; Per sian dates, 7c per pound; peaches, B0d0c; pears, 00c$l per box; apples, 30c$l per box; watermelons, $1 752 25; cantaloupes, $11 23 per dozen for California; Oregon nutmegs, $1 502 per crate; plum S and prunes, 4000c per crate; grapes, seedle&s, 75c per box; To kay, Muscat and Rose Peru, $11 25 per crate. Dried fruit Apples, evaporated, 07c per pound; sun-dried, sacks or boxes, 45e; peare, sun and evaporated, 50c; plums, pltless, 4 5&c; prunes, Italian, 3(0V&c; silver, extra choice, 5 0c; flgs, Smyrna, 12e; California black. 60c; do white, 10c per pound, Groceries, Xntn, Etc. Coffee Mocha, 2328c; Java, fancy, 232c; Java, good, 2024c; Java, ordinary, 184r0c; Costa Rica, fancy, 1820c; do good, lC18c; do ordinary, 1012c per pound; Columbia, roast, $13 63; Arbuckle's, $14 03; Lion, $13 03 per case. Sugar Cube, $6- CO; crushed, $8 00; pow dered, $6 30; dry granulated, ?0 10; extra C, $5 CO; golden C, $5 50 net; half-barrels, more than barrels; maple sugar, 1010c per pound. Beans Small whits, 3c; bayou, 4c; Lima, 6c per pound. Salmon Columbia River, 1-pound tails, $1 -23 1 CO; 2-pound tails, $22 50; fancy, 1-pound flats, $1 C51 75; J-pound fancy flats, 8595c; Alaska, 1-pound tails, $1 201 30; 2-pound tails, $1 0O2 25. Grain bass Calcutta, ?B0 12 per 100 for spot. , Nuts Peanuts, C7c per. pound 'for raw. 0c for roasted; cocoanuts. 00c per dozen; walnuts, 10 lie per pound; pine nuts, -16c; hickory nuts, 7c; chestnuts, 15c; Brazil, lie; filberts, 15c; fancy pecans, 1214c; almonds, 1517Ho per pound. Coal oil Cases, 20c per gallon; barrels, 10c; tanks, 14c. Rice Island, CVic; Japan, 6V4c; New Orleans, H5V4c; fancy head, $77 50 per sack. Meat and Provision. Mutton Gross, best sheep, wethers and ewi , sheared, $3 50, dressed, 6!i7c per pound. Spring lambs, 4e per pound gross; dressed, 8c. Hogs Gross, choice heavy, $5 005 75; light, $5; dressed. 07c per pound. Veal Large, 7&Sc per pound; small, 8 9$4c Beef Gross, top steers, $3 504; cows, $3 3 50; dressed beef, CTc per pound. Provisions Portland pack (Shield brand): Hams, smoked, are quoted at 12yc per pound; picnic hams, 0J4c per pound; breakfast bacon, 13&c; bacon, 10c; backs, 0&10c; dried beef, 17c per pound; lard, 5-pound palls, 10c; 10 - pound palls, Ojc; 50s, c; tierces, OJic per pound. Eastern pack (Ham mond's): Hams, large, 12tSc; medium, 12c; small, lSVic; picnic hams, flisc; shoulders, 0V,jc; breakfast bacon, 13c; dry salt sides, 304c; bacon Mde3, 9Ji10Vc; backs, 10c; butts, 0J4c; lard, pure leaf, kettle rendered, 5s, 10c; 10s, lO&c. Hops, "Wool, Hides, Etc. Hops 2Sc per pound for 1S00 crop, 3J10o for new crop. Wool Valley, 1213c for coarse, 1510c for best; Eastern Oregon, 1013c; mohair, 23c per pound. Sheepskins Shearlings, 1520c; shot-t-vi ool, 23 35c; medium-wool, 3050c; long-wool, 60o$l each. Tallow 55tc; No. 2 and grease 3Js4o per pound. ,Pells Bearskins, each, ats to size, '$5 15; cubs, each, $15; badger, each, 00c; wildcat, 2575c; housccat, 5JJ25CJ. fox, common gray, 4tic$l: do red, $1 753 50; do cross, $2 506; lynx, $24 50; mink, 40c$l 75; marten, dark Northern, $5 10; do pale, pine, $24; musk rat, 8 12c; skunk, SOg&Oc; otter (land), $4 S; panther, with head and claws perfect, $I3; raccoon, 2580c; wolf, mountain, with head perfect, $3 50 0; wolverine. $2 500; beaver, per skin, large. $S7; do medium, pr skin, S45; do small, per sHlu. $12; do kits, per skin $13. Hide Dry hides. No 1, 10 pounds and up ward, 1415e; dry kip. No. 1, 5 to 10 pounds, 16c por pound; dry calf, No. 1, under 5 pounds, 15G10c; dry salted, one-third less than dry flint; salted hides, sound steers, 00 pounds aud over. 7Sc; do 50 to CO pounds, 7c; do un der 50 pounds and cows, 7c; kip, 13 to 30 pounds, 7USc; do veal, 10 to 14 pounds. 7Vfcc; do calf, under 10 pounds, 7c; green (unsalted), lc per pound less; culls (bulls, stags, moth eaten, badly cut, scored hair slipped, weather beaten or grubby), one-third lew. XBW TOllK STOCK MARKET. Gold Shipments "Will Be More Than Offset by Receipts. NEW YORK, Aug. 15. Today's stock market was In many respects a counter part of the trading- of the week. There was, however, more uniformity to the ad vancing tendency, exceptions being: lim ited to only a few stocks. A distinctive broadening; to the dealings aroused op timism in some quarters as to possible early participation In the market by thu public. Some of the commission-houses reported Increased orders, and stress was laid upon the prominence of the dividend paying railroads in the rise. As an on set, the bears dwelt on the depletion or .New lork bank reserves, consequent upon the gold exports, and the usual contraction in general business in a Pres idential election season. While the banks on Saturday will have to reflect upwards of SU.000,000 shipped, it is expected that the loss in the surplus of the banks will be largely offset by the receipts of gold from Pacific C6ast points, interior cur rency movement and gains from tho Sub treasury. The latter institution will have to disburse to the banks later in the week somej 520,000,000 through the re demption of the old Governments. Money rates here today continued easy, but an easier tendency was noted in discounts in London, which caused long, sterling bills to harden here, and the posted fig ures were marked up $ cent. It was stated that further gold shipments at a profit are impossible at current rates for demand bills. The stock market in detail showed con spicuous" strength in many quarters, vrith tho tendency for spfeclai stocks Influenced by rumors. New Jersey jumped, over 5 points on reports of a change of owner ship of tho property and favorable de velopments in the anthracite coal bed. Other coal stocks sympathised, but the late reaction reduced, their gains to frac tions outside of Delaware and Hudson, which closed Utfc higher. Railroad Htocks, particularly the srapgers, ' re ceived good support, but they suffered in common with the general list in the sell ing movement toward the close. Profit taking was indulged. In .the late dealings, and, tho market gave, way all 'around, ending- under -pressure. . . -' More business was transacted in rail-4 road bonds today- than for-, some .time, and there was a decided upward tendency for. some issues, particularly Achlon adjustments, St Louis Southwestern lata and "Wabash debentures. Total sales, par value, $910,000. United States new 4s and the 5s advanced &c in the bid price. BONDS. U. S. 2s, ret. reg.l04V4Gn. Electric 5a...ll5U do coupon 104N. T. Cent lsts...l08ji do 2s, reg...i,..10O North. Pac. 3s.... 65H do 3s, reg 109H Co 4s 104 do coupon lOOHlOregoh Nav. Ists..l00 uo new 48, reg..mzi ao 4s ii do coupon 132 do old 4s, reg...J15H do coupon llSn do 5s, reg 113H do coupon 113 Dist. Col. 3-C5S...122 Atchison adj. 4s. . 65 C. & N.W. con. 7sl30 do . F. deb. 5s. 120 D. & R. G. lets. .102 do 4s .'07H1 Oregon S. L. 6s... 120 do con. os 112 Rio Gr. West, lsts 98 9t. Paul consols.. .167 St P. C. & P. letsllStt do 6s ..llfijl Union Pacific 4s. ..105$ Wis. Cent. lsts... SStt Southern Pacific 4s 79, West Shore 4s. ...1104 STOCKS. Tho total sales of stock? today were 533,000 shares. Tlje closing quotatIonsw.ere Atchison 23 Union Pac. rircf... 76H do pref 713 ttt.i ir ivuuuiju .......... 1- nan. &. onio 71 do pref 18k Ctui. Pacific OOMi Wheel. & L. E... oft 54 109 jan. soutnern . . .. juft Chca. & Ohio....: 23 Chi. Gr. Western. 11 do 2d pref Wis. Central ..... P. C, C. & St L., Chi.. B. & Q 127&1 Third Avenue Chi., ind. & Li.... do pref 52 EXPRESS CO.'S. Adams 124 American 156 United States .... 45 Wells-Fargo 123 MISCELLANEOUS. Amer. Cotton Oil;. '34 do pref :... 83 Amer. Malting ... 4 do pref 24 Aner. Smelt &"R. 37 do pref 8S5i Chi., & East. 111.. 00 Chicago & N. W..104Vj Chi.. R, I. & P. ..107 U., (J., U. & at. Li. 08 Colo. Southern .. C do 1st pref 41 do 2d pref 16 Del. & Hudson... 113j Dei,, LACK. & W..1SOJ4 Denver & Rio tfr. 10 co prci oa Ahier. Spirits 1 Erie 7 11 I do'pref 17 do 1st pref 33,Amer. aSteel Hoop. 20 Great North, pref.1531 do prel 67 Hocking Coal 111 nocKing umi .... aij-g, Hocking Valley .. 34 Illinois Central ..117i Amer. Steel & W. 35' do pref 75 As.ior. Tin Plate.. 20 do pref .......... 79 Amor. Tobacco ..'04 do pref 12b Anaconda Mln. Co. 4Q Brooklyn R. T....,59 Colo. Fuel & Iron. 30 Cont. Tobacco .... 23 do prf 78 Federal Steel 35 do pref 67 Gen. Electric 135 Glucose Sugar .... 54 National Biscuit .. 31 do pref S3 National Lead .... 18 do pref 91 National Steel .... 26 ' dopret .' 3 N. T. Air Brake. ..151 North American-..' 15 do pref 99 Int. Paper' 22 do pref '....'..... 05 f La Clcde- Gas 74 Pacific Coast ..... 52 do 1st pref 85 do 2d pref 63 Pacific Mall 31 Iowa Central 18 ao prci 40 Kav. C. P. & G.. 13 Lake Erie & W.. 20 do pref ..; . 93 Lake Shore ......200 Louis. & Nash... 72 Manhattan El ... 02 Met St. Ry......l55X Mex. Central .... 12 Mlr.tt. & St. Louis 03 do pref 04 Missouri Pacific .. 51 Mobile & Ohio.... 38 M K. & T 0 ao prec ai New Jersey Cent. 131 New York Cent. ..130 Norfolk & West.. mU ao proi to Northern Pacific.. 52 do pref 71V Ontario & West... '2l O. R.'&N 42 do pref ,. 76 Pennsylvania ....120 Readinff 17 do 1st pref."..... 00! do 2d pref 28 People's Gas .... 09 itio ur. western. 00 do pref 90 St. Louis & B. F. 0 Pressed Steel Car.. 39 do pref 71 Pullman Pal. Cr.lB6 uo 1st prer o( Stand. Ropo & T.. 5 do 2d pref.. 34,8us-ar 123 St. Louis S. W.... 12 do pref 28 St Paul 1148 do pref 171 St. Faul & 0 114 Southern Pacific. 33 Southern Ry .... 11 do pref 52)1 Texas & Pacific... 15 ao pret 110 Term. Coal Iron. 70 U. tS. Leather 11 do pref 03 U. S. Rubber SS do pref 04 Western Union ... SI Republic Iron & S..ll do prci DJft Union Pacific 00 ( NO DAtfGER IS GOLD EXPORTS. United Stnten Cnn Keep All the Gold It Needs for Its O-ivn Use. "WASHINGTON1, Aug. 15. Secretary Gage was askeji by a reporter If the outward gold movement was adversely affecting Treasury Interests, or was likely to trouble or Impair the gold reserve. The Secretary replied that he was suf fering no anxiety at all on that score. "Tho movement," he said, "Is entirely natural, and Nature always tends, to es tablish Just equilibriums. The negotia tion on this side of so large a part of the Engllshiloan fully explains the move ment. We have gold to spare, and It will go. and ought to go. where It can bo most profitably employed. We hnvs a' large supply of the yellow metal an- In creasing supply, when our domestic pro' ductlon Is considered. Beside, this, wo are buying a't our assay office's on tho Pacific Coast almost the entire product of the British Klondike region. With our great resources we can, as long as we maintain th g6Id standard and' keep the public credit good, retain for our own use all the gold' we need." Voreijm Financial News. NEW YORK, Aug. IB. The Commer slal Advertiser's London financial cable gram say3: ., Business continued to grow here bday, though the activity was virtually con fined to American and Canadian railroad stocks. The tone was firm, though tho transactions still were limited, but the early buying of Americans developed a bullish sentiment. Baltimore & Ohio shares were sold on the July statement of the company. Tlntos were liolated points, although the -Paris Bourse was closed. Anaconda follqwd the American, and its initiative operators began to put "Utahs and Bostons -also. It is undcrstpp.d here that the bank has begun to borrow in the open market to strengthen the money rates. Call money was cheaper on government disbursements. Money, Exclvnnec, Etc. SAN FRANCISCO, Aug. 15. Sterling on London, GO days, $4 85; do sight, $4 $9; drafts, sight, 7&c; telegraph, 10c. Mexican dollars, 4949iAc, NEW YORK, Aug. 15. Money en cajl, steady, at 1S per cent; last loan, 1 per cent. Prime "mercantile paper, 45 per cent. Sterling exchange, steady, with ac tual business in bankers' bills at 54 87 (Si 87 for demand, and at $4 84 for ft) days; posted rates, $4 S54 S5 and $4 & 4 S9; commercial bills, $4 834 83; sll ver certificates. 61e; Mexican dollars, 4c; Government bonds, strong; state bonds, inactive; railroad bonds, strong. LONDON, Aug. 15. Consols, 99c; money, 3H3 per cent. Stocks In London. LONDON. Aug. 15. Atchison, 29c; Ca nadian Pacific, 92?&c: Union Pacific, pre ferred, 78c; Northern Pacific, preferred, 73, ' ex-dlvldend; Grand Trunk, 6340 An aconda, 9c. THE GRAIN MARKETS. Prices for Cereals in European and American" Ports. SAN FRAKCLBCO, Aug. 15. "Wheat steady on call, and dull -in the spot mar ket. Barley Inactive for future, and-quiet for spot Oats strong.- ' Spot quotations were: Flour Shipping, Nb. .1, SI '05: milling. $107110, - . d $1 05; choice, Barley Feed, 76g785ic; brewing, 80 85c. . Oats Good to choice white,. $1 lr$&31 35; gray, good to choice, $1 1001 20; red, good to choice, $1 121 23. - - Call board sales: " Wheat Steadyr December, Jl-105i; May, fl 15; cash, $1 05. Barley Inactive; December, 7Sc. . -. Corn Large yellow, $1 171 20. Chicago Grain and Produce. CHICAGO, Aug. 15. Wheat was 'quiet and rather weak. The pit at times was half deserted, the traders giving their attention to corn. Liverpool was steady, but nothing more. Receipts were heavy, and the weather in the Northwest still dry and cooL The advices from the Southwest pointed to tho probable early loosening of the movement, quite inde pendent of Secretary "Wilson's prediction of dollar wheat in causing farmers to hold for. a rise. September opened at 74? 74c, advanced In sympathy with corn to 75o, then reacted, closing easy lsc to 4c under yesterday. Anxiety of corn shorts made that mar ket an aqtiyo one from tne start. Small stocks and a large" shortage for next month's delivery, with farmers' reserves at a low ebb, were caused by a general desire on the part of the September shorts to cover. Cables, weather, etc., cut "but little Ice. September openedat 37&3Sc, and amidst considerable excitement ad vanced to 33c. The bulge brought out considerable long stuff, and as the fears of the shorts gradually subsided, Beptem ber dropped back to 3Sc, at which the marked closed, compared with the pre vious close at 37TbC. Oats clung to the skirts of the corn L market, and in u quiet way managed to advance slightly. September closea i o up at 22c Provisions were quiet. Arm for lard but easy for pork and Tibs. Covering by ship pers against cash sales of lard gave that product comparative strength. Liverpool quoted another 6d rise ' in bacon. Sep tember pork closed 5c lower, lard a shade, up, and ribs 7;10c down. The leading futures rapged a3 follows: WHEAT. Onenlnsr. HIehest- Lowest. Close. August ... September October . . ,.$0 74 $0 74 $0 74. $0 74 70& ss 75 70 CORN. August 3S 40 3S 39S September ... 37 39 STf, 3S October 36 37 30 37 OATS. August 21 2156 2194 21 September ... 21 ri 21 22 October 22 r 22 22 MESS PORK. September ...1157 11 CO 1155 1155, October 1160 1163 1157 11 B7S n - LARD. September ... 6 00 6 67 0 00 0 65 October 6 67 6 72 0 65 6 70 January 6 45 652 645 647 SHORT RIBS. September ... 005 6tK 087 000 October 0 92 6 92 0 82 6 83 January 5 95 5s5 5 57 5 57 Cash quotations were as follows: Wheat No. 2 red, 76M79c. Corn No. 2, S9c; No. 2 yellow, 394c. Oats 22tf23c; No. 2 white, 21Mc; No. 3 white, 23(S4c. Rye No. 2, 51c. Barley Good feeding, 36c; fair to choice malting, 40(48c. Flax seed No. 1, $133; No. 1 North western, $1 3S. Mess pork, $11 5511 60 per barrel; lard, $8 62l6 65 per 100 pounds; short ribs Bides (loose), 56 85i7 10; dry salted shoul ders (boxed), C(ff7c; short clear sides (boxed). $7 457 55. Whisky, basis of high wines, $1 23. R'celata. Shirm- Flour, barrels 30,000 0,000 Wheat. busheU 373,000 291,000 Corn, bushels 152.000 752,000 Oats, bushels 115,000 2S8.000 Rye, bushels 70,000 Barley, bushels 29,000 5,000 On the produce exchange today the butter-market was firm; creameries, 16g20c; dairies, 14Uc. Cheese Firm; 10llc Eggs Firm; fresh, 13c. New Yorlc Grain nnd Prodnce. NEW YORK, Aug. 15. Flour Receipts, 19,947 barrels; exports, 9,019 barrels. Mar ket active. Wheat Receipts, 173,200 bushels; ex ports. 7774 bushels. Spot easier; No. 2 red. 78 elevator. Options opened 81 f. o. b. Options were steady at first and afterwards rather firm on persistent strength in corn, coupled with local cov ering, fairly large seaboard clearances and a small Southwest movement. They eased off with corn, and closed easy at c net loss. September closed 79c; De cember, S13c. Wool Dull. Hops Dull, European Grain Markets. LONDON, Aug. 15. Wheat Cargoes on passage, very Inactive; cargoes, Walla Walla, 29s 2d. English country markets dull. LIVERPOOL. Aug. 15. French country markets quiet: weather In England, splen did. Wheat Spot, dull. No. 2 red Western Winter, 6s 2d; No. 1 Northern Spring, 6s 3d; No. 1 California. Cs 4dg6s 4d; Futures, steady; September, 6s d. Corn Spot, American, new, 3s lid; do old, 4s d. Futures, firm: September, 3s lld; October, 3s ll4r No. 4, 3s lld. Tacoma Wlieat. TACOMA, Wash.. Aug. 15. Wheat quiet and unchanged. Bluestem, 59c; club, 56c. SAN FRANCISCO MARKETS. SAN FRAaCCISCoT Aug. 15. Wool Spring Nevada, H(gil3c; Eastern Oregon 1014c; iValley, Oregon, li18c Fall Mountain lambs. 9gl0c; Humboldt and Mendocino, 1012c. Hops 1899 crop, ll13c. Mlllstuffs-Mlddllngs, $1703); bran. $129 13 50 per ton. HayWheat, tSQlZ; wheat and oat, JS 11; best barley, ?8 50; alfalfa, JC7 50; com pressed wheat, $S12 per ton; straw, 23(3 37c per bale. Potatoes River Burbanks, 3OC0c; sweet, new, lKtStftc per pound; Salinas Burbanks, 7595c. Vegetables Green peas, 22c per pound; string beans. 23c; tomatoes, 2550c, asparagus, 75c(3$2 50; cucumbers, 2030o per box. Green fruit Apples, choice, $1 15; com mon, 35c por box. - Cltrns fruit Mexican limes, $67; com mon California lemons, ?1 50S2 75; choice, $33 50 per box; pineapples, $2 503 SO. Bananas $1 502 50 per bunch. Butter Fancy creamery, 24g25c; do sec onds, 2122c; fancy dairy, a22c; do sec onds, 170c. Cheese California flats, 9&10c per pound; Young America, 10c; Eastern, 13 14C. Eggs Store, 15lSc; fancy ranch, 25c J Eastern, lelSHc. Poultry Turkeys, gobblers, 95jl0c; do hens, ll13c per pound; old roosters, $3 59 gi4 per dozen; young roosters, $3 505; small broilers, $22 25; large do, $2 503; fryers, $33 0; hens, $3 504 oO per dozen; old ducks, S34 50; geese, ?1 25g)l 50 per pair. Receipts Flour, quarter sacks, 14S0, wheat, centals, 85,342; barley, centals, 9720; oats, centals, 2960; potatoes, sacks 4939; bran sacks 200; hay tons 710; wool, bales, 73; hides, 118S. WOOL QUIETER. Mills Buylnar Onlr in Accordance "Witli Present Needs. BOSTON, Aug. 15. The American Wool 'and Cotton Reporter will say tomorrow: To all outward appearance the market Is considerably quieter than It was a week ago. It Is Intimated in certain quarters that there has been more actual buying during the last week than appeared on the surface, a number of persons being engaged In picking up wool In the quietest manner possible. According to most ac counts, however, tho situation could not be much duller than It has been. The manufacturers have apparently been much In evidence. The mills appear to-be governing their purchases of wool en tirely in accordance with tholr present ac tual needs. Prices are steady. Sales of the week in Boston amounted to 2,212,800 pounds domestic and 25,000 pounds foreign, a total of 2,237,800, against a total of 3,345.600 pounds for the previous week, and a total of 5,366,000 pounds for the corresponding week last year. Tho sales since January 1 amount to 83,137,500 pounds, against 17o,S73,000 pounds for tho corresponding time last year. EASTERN IilVESTOCK. "CHICAGO,, Aug. 15. Cattle Receipts, 16,500, including 4000 Westerns and 1500 Texans. Choice steers, steady; others id Westerns, slow to 15c iiwer, Texans 9 Chicago Board of Trade New York Stock Exchange Room 4, Ground Floor BOTH TELEPHONES clfic Coast Steamship Co FOR THE NEW PALATIAL STEEL STEAMSHIP "SENATOR" Will sail from Seattle and Tecoma on or about September 1. The "Senator" has a capacity of 2300 tons. Her second cabin and steerage accommodations are superior to tho first-class accommodations of most of tha steamers advertised for Nome. The Pacific Coast Steamship Company . ... .. r. .... ... ir. .,.? tie frelKht and passenger rates apply from Portland. For further Information inquire of GOODALL. PERKINS & CO.; General Agents. 10 Market, San Fran cisco, or. N. POSTON, Agent. 249 Washington st, Portland, Or. 10c lower. .Good to prime native stcera, $5 305 90; poor to medium. $4 505 25; se lected feeders, choice, steady: steers, slow, HS-t 75;, mixed stockers, weak. $3 3 So; cows. $2S04 35; heifers. ?34 SO; canners, 22 70; bulls. $2 704 40; calves, $4 50S 70; Texans. fed steers. $4 256; grassers. $3 40 4 20; bulls. $2 503 35. Hogs Receipts today, 23,000; tomorrow,. 21,000 (estimated); left over, 6500. Good, light. Arm; heavy packing, weak; top, $5 37; mixed and butchers', J4 955 30; good to cholco heavy, J55 27i rough heavy. $4 7554 95; light, $5-0G5 07; bulk of sales, ?55 70. Sheep Receipts. 14.000; sheep steady to slow: lambs, 1015c higher. Good to choice wethers, $4 254 40; fair to choice mixed, $3 754 20; Western sheep, ?44 40; Texas sheep, $S4; native lambs, 54 236; Western lambs, $4 75 5 90. KANSAS CITY, Aug. 15. Cattle Re ceipts, 000; steady to lower; native steers, $45 75; Texas steers, $25 15; Texas cows, $1 C03 20; native cows and heifers, 51 755 23; stockers and feeders, $3 254'60; bulls. 52 854 15. Hogs Receipts, G00O; steady, X2&- h'sh er;bulk of sales, 55 1245 15; heavy, 55 0T& 5 0; packers, JS 1Q5 20; mixed, 53 05 513; light. 54 955 15; porkers, $5 10G 15; pigs, 54 50510. 1 Sheep Receipts. 2000; strong; lambs, 54 5 50; muttons, 53 50QS1 SO. DENVER, Aug. 15. Cattle Receipts, 250. Market steady; beef steers, 53 75 5 40; .cows, 52 234 50; feeders, freight paid to river, 53 254 40; stockers. dofc 53 50 4 40; bulls, stags, etc., 523 25. Hogs Receipts, 500. Market lower; light packers and mixed, C5 05; heavy, $4 53 5 00. Sheep Receipts, 10C0. OMAHA, Aug. 15. Cattle Receipts, 4700; slow. lOjtlSc lower; native beef steers, 54 605 75; Western steers, strong, 544 75; Texa's steers, S3 7C(J?4 30; cows and heifers, 10c lower, 534 23; canners,. 51 752 75; stockers and feeders, stronger, 53 734 65; calves. $33 75;' bulls, stags, etc., $2 25 4 25. Hogs Receipts 6500. Market steady; heavy. 54 9o6 05; mixed, 54 955; light, 54 P05 07; pigs, 54 E04 90; bulk of sales, ?4 S55. Sheep Receipts, 4000; strong; yearlings, 544 40: wethers, S3 73l 23; stock sheep, 53 233 75; lambs, 10c higher, 51 50 50. NOTHING IN OLIVE OIL. Frencn Growers Are Abandoning; Their Olive Groves. WASHINGTON. Aug. 15. French far mers are disposed to abandon the cultl vatlon of olive groves, as in recent years prices obtained for the oil have not beon satisfactory, according to Consul Skinner, at Marseilles, in a letter to the State De partment. Pure olive oil for ediblo pur poses is at present practically unknown In an3 Important market, according to the Consul, and the acreage devoted to olives In France Is annually becoming less. This year's crop of olives, It is expected, will be a disappointment, as It was last year, and on the whole the outlook for olives and olive oil in France Is not encouraging. Consul Skinner says in conclusion: "Even In France, the home of the olive, arachIdeoll, or peanut oil, 13 considered for some domestic purposes, and particu larly for frying purposes, superior to any other product." The Metnl Mnrkets. NEW YORK, Aug. 15. The feature of Importance in the metal market today was the break in Iron. Northern, as well as pig iron warrants, declined 50c per ton, with the undertone rather weak. North ern No. 1 is now quoted from 516 to 517, and No. 2 at 513 to 516, but sales have been made at the bid figures, and can still be bought at that. Warrants wero quoted at 511 nominal. Tin was a shade firmer here, but -ery quiet In sympathy with a 1 advance for tin In London and 10s for futures. The local market closed firm, at $31 E531, 75. Copper, both here and abroad, remains unchanged. Lead ruled dull at 54 25, and spelter ruled easy, though not quotably lower, at 54 17i4 22. Homo consumption was very small, as galvanlz ers have no orders to buy. The produc tion of copper for the month of July amounted to 23.012 tons, as against 21.423 for the same month a year ago. Tho brokers price for lead was 54 and for cop per 516 62. SAN FRANCISCoTAug. 15. Silver bars 61c. - LONDON, Aug. 15. Bar silver steady. 28 l-16d. NEW YORK, Aug. 15.-SIlver certifi cates, 61c. The Cotton Mnrket. NEW YORK, Aug. 15. The market for cotton futures opened barely steady, with prices 1 to 6 points lower, and ruled generally weak during the afternoon, ow ing to bear aggression and the absence of any bull defense. The close was steady, with August 1 point and other months 5S points higher. New York Fruit Market. NEW YORK, Aug. 15. Demand for evaporated apples continues light, but as there was very little disposition to sell the market retains Its steadiness of un dertone at the old basl3 of operations. Stato common evaporated apples, 3g5c; prime, 454c; choice, 56c; fancy, 0 7c. California dried fruits were inactive and nominal. Prunes, 37c per pound, as to size and quality. Apricots, Royal, ll14c; Moor Park, 15 17c. Peaches, peeled, 1418c; unpeeled, 69c. Coffee and SuRnr. NEW YORK, Aug. 13. Coffee options closed 510 points lower. Sales. 1675 bags, including August $7 55, September 57 50. October 57 60, November 57 70; spot, Rio, easy; No, 7 invoice,' Sc; mild, quiet; Cordova, nominal. Sugar Raw, firm; refined, firm. Politicians Are One-Sided. Saturday Evening Post. To the yqung man the question 'will present itself of joining one of the two great parties that practically divide the I American vote. It Is to be presumed that i he wishes to vote from knowledge and front reason rather than from sentiment I and the Influence of association. For the Mormon BlahODa Pllla Qutrca a tn Joiwwcn. Touureiy cures the wont ease In old tad jounx irWlar ftora effects of jeir-Uxue. duujnUon. exessa. or deareOMjaounj. CUT05 tCSt Manhood, lm potency) (jest Power, Might-losses, Opermatorrnoaa insomnia. Pains in uuu! eiii btoairoiH oominai uiiyr nancacnBiunnmeiia to marry, i-osa or or const ipatlorii Stops QuIcKnasa ,of DIs- VOUBrwItcnlng Of Eyelids, itfeca ire ircraoiu. oma. Stlmnlitn the brala nd nerve centers. ac i box. cr nraey refunded, with (nboxes. circuUr ftee. Address, For Bale by Aldrlcb Pharmacy. Sixth Hopkins &. Co. Chamber of Commerce has been running its steamers ubs ultii cunning 113 sieumurs n juxst- nnn IB mi n nnnai. nnMA i'iar rev mo. aoai- investigation that Is necessary he will f have a fair basis If he has retfti and, stud- leu American history and understands tho provisions of the Amerloan Constitution. The history of his own country, in tha narrower sense and it ia only in this light that it Is presented to him in school aid college will serve the young man only as a groundwork. Principles oply aro everlasting. Out of all the political dug mas of today ho must remember that those- only whfch are based upon the eter nal foundation of honesty, of purity and of truth will last. Onco a man is associated with a party ho rarely changes. Hence tha necessity for caro In the first Instance. There la much, of magic in tho party name. Tho view qf tho older men, thoso who hava affiliated with thoso of their political Hit for a generation, becomes necessarily one sided. Years in practical life have taught them that human ideals are worked for on.1 ythrough tho fallible human clay of expediency. And they have too long been accustomed to the handling of the tools in their own political workshop to judga whether or not they havo loat their metal. FOR SCIENTIFIC AGRICULTURE "What the Nation Might Do to Fur ther a Good Cause. Now Orleans Times-Democrat. "Thero is no country in tho world that Is doing mora than the United States to elevate agriculture and put it on a high, scientific plane," remarked a Government official who was In the city tha other day; "buo what wa need, and need badly, Jii3t at present. Is soma provision for a post graduate course for students from our different agricultural colleges a sort of agricultural West Point, where they could cross the Una between theory and practice and form a body from which fu ture college faculties might ba chosen. As things aro at present," ho continued, "theso Institutions aro turning out a lot of young men who aro splendidly trained as far as theoretical knowledge goes, but they don't know how to apply It to practical problems. What I would pro pose Is this: Tho Department of Agricul ture has, beyond all question, tho finest staff of specialists in tho world. Let theso gentlemen prepare a post-graduata course, open to a certain number of stu dents from the agricultural colleges throughout tho country. A few lectures by each wouldn't mako serious Inroads upon their time, but. In tho aggregate, would constitute the finest post-graduate Instruction In the world. At the same time tho students should be taken on as helpers, and they would emerge thor oughly fitted for practical usefulness. 1 would have each, man devote ona year to general - workt something- that should broaden him out, and then let him select his specialty and put In, say, two years at that. Thero should bo no charge of any kind for tuition. "Tho department fully recognizes tho value of such special training," continued the speaker, "arid to that end the secre tary Is now trying tho experiment of of fering scholarships which permit those graduates who secure them to enter tho different bureaus as assistants under tho experts In charge. About 40 scholarships have been given out. and the scheme Id working first-rate, although, of course, it hasn't tha elements of usefulness that a regularly organized post-graduate Gov ernment academy would possess. When the scholarship Idea was first suggested, somo time ago. It met with considerable opposition from tho scientists In the ser vice. They argued that they might bo undermined in their positions by tho very men they had instructed; but since then, it has beon so clearly demonstrated thxt politics has nothing whatever to do with tho personnel of tho Department of Agri culture that tho objection haa ceased to bo urged. The experiment Is, for a num ber of reasons, very Interesting and im portant. It has fully demonstrated, among other things, that the training re ceived at even tho best of our agricultural colleges does not fit a graduato for imme diate work In tho field. I am told by sev eral of the leading men in the department that their student helpers aro of no real assistance until after tho second year of their apprenticeship. Prior to that time they aro fully occupied learning to apply theory to fact. There is a continu ous demand for competent instructors on tha part of the agricultural colleges, and, if we had a great Government University such as I describe, it would furnish a magnificent body of man from which to draw. Tho Idea Is being seriously consid ered at Washington, and I woldn't be sur prised to sea it laid before the next Con gress." 0 The Trafllc in Noblemen. ' Louisville Courier-Journal. Tho Duko of Manchester 18 to wed an American heiress. There wore many peo ple who did not know that the Duke was not In easy circumstances. The purchase of foreign paupers ought to be subjected to a heavy tax. The following schedule would probably bo about right: For each Duke 51,000.000 For each Marquis 730,000 For each Earl 500,000 For each Viscount 250,000 For each Baron 100,000 Baronets, Knights, etc., might bo thrown In for good count. a3 they do not amount to much. The taxation on tho export of the purchasers of foreign pau pers with titles would have both a moral and economic effect. It would prevent silly girls from wasting their money In the purchase of foreign roues and gamb lers, and It would prevent the export of a great deal of good American money to pay the debts and sustain the vices of theso decayed specimens of an effeta aristo cracy. You have tried and were pleased with them. They stimulate the liver, regulate the bowels. Improve the complexion. Car ter's Little Liver Pills. OLDEST! SAFEST ! BEST! iMOOMES SHOW MONEY WILL EARN 10 A MONTH. The Investor's Fund pays semi-monthly. The oldest established in America. So certincate holder has erer Imz a cent. Payments made to all 5-sbflcriberseYery 15 days. No trouble. No delay. Money refunded on demand. Write to-day for par. tlculars. free to any address. ' C. E.MA1KEY & CO.. Bond DeT No. 100. Hudson Building, New York. bre beci la uk over o ?n br tha leaden of tha Mnrmmi smmionit unmo nacn, nervous uo- fiAtWAH- VfllMlia ill Pt1crS9 Stops er- L"JJ iraput rtior anu potency to 6 itr txro br malt. Restores small, undeveloped Bishop Remedy Co., Oan Francisco, CaU A wnrcea ffuirantre, & curs aad Was blnzton streets. Portland. Or.