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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 23, 1900)
..THE tlORNIKO OBEGOSIAK, THURSDAY, 'ATOPST 23, 1908. li COMMERCIAL AND This Is the Tieight of -the Summer season at Portland, and "business reaches the volnme usual lor the time of year. Thou sands of people arc away" In the mount ains or at the seacoast. In general trade, the commodity of Interest is sugar. which 5s steadily- advancing. Yesterday prices were marked up 10 cents a hundred for all sxades, making a net Increase of 30 cents a. hundred -within twoveeks. The market 3s strong at the mew figures. There Is -nothing of Interest in the wheat situation. In the country the farmer is contentedly cutting his crop and dreaming o nights of tho bank account that -will he his when Secretary "Wilson's prediction of dollar "wheat comes true. Meanwhile, the ex porter confronts the farmers high -views on one band and an established 45-sh'lllng ate, and one ship asking 46s Sd, on the other, -while he awaits a brightening of the situation In England and in the East. There fcs no movement to report la wool or'ln hops. Receipts of fruit have been liberal all week, and at the close there is an accumulation of stocks, particularly in watermelons and peaches. Both have tome from every point of production. The northern outlet Is practically closed be cause of the rather rigid enforcement of horticultural laws at Seattle and Van couver, B. C Shippers here complain that Tihe Seattle Inspector uses no judgment in the matter Of Inspection. If one box of bad apples or peaches appears In a. ship ment he orders the entire lot thrown into the bay. Gravensteln apples are plentiful, fine In flavor and slow of sale. Grape sup plies aro principally drawn from Califor nia, but Sweetwatcrs, grown in the east ern section of Oregon, have made their appearance. They are the forerunners of tho juicy grapes from Forest Grove and other Oregon points which -will sqpn be here in large quantities. Bartlett pears are coming in freely and yelling readily at from 75 to SO cents. Notwithstanding the abundance of green fruit, a carload of fine Central American bananas -was cleaned up verjv-nlcoly and at prices at asfaotory to dealers. Poultry. cept tur keys and old hens, is plentiful, wlth no special demand except for old hons. .Receipts are principally mixed lots of youngs. Ducks and geese oro not -wanted. In eggs, supply and demand have about balanced each otifer all week, and at the close the mar ket Is Arm at 37c. though choice lots to meet an urgent call -would fetch cent higher. Fancy creamery butter is Arm at iG50c, tho market not being overstocked. Oats are strong. California Is supplying the 6an Francisco market with the great er part of the receipts, shipments from Oregon being limited. Nearly" all grades are strong at San Francisco. Our own Government Is doing an active business, and the German Government will un doubtedly make large purchases for its transports. The decrease in the freight rates will probably act as a check on. a very decided advance, but it seems not to De doubted that slightly higher prices will bo asked befqro long. During July 21, 930 centals- wore received at San Francisco, en route from Chicago to Japan. Brew ing barley presents a soft market. Lib eral buying stiffened growers during the week, and they asked 517 GO. X.irge buy ers then withdrew from the market, and the price reacted to $1". for best, with no business undor way. Cheese is plentiful and lower, and veal weak. Good hogs aro scarcer, but there has been no advance In price. "WHEAT Throughout tho week the lo cal market has reflected the dullness that has prevailed abroad and in the East. There have been no heavy transaction. Exporters are not disposed to do much business, merely buying small lots so as not to get entirely out of the market. Quotations are nominal at Mc for "Walla "Walla, M4f55c for Valley, and 0G57c for bluestcm, although slightly better has been obtained for a few small lots. Liv erpool has reported spot wheat generally easy and dull and futures quiet and fea tureless, but yesterday spot was firm. At London cargoes arc easier and lower. England has steadily reported fine and splendid weather. Saturday, though, was sultry- New York has drifted along in a lifeless sort of way with a net decline of jgc for September. Chicago was dull near ly all week. There was little cash demand Thursday, and trade was principally in the hands of scalpers. Bull traders made an effort to hold the market, but they got no support. Friday the habit of liquida tion had a hold on local traders and Sep tember was forced down. Saturday,, scat tered liquidation. Including selling on stop-loss orders, was tho order of the day. Monday. September opened a shade high er than Saturday's close, but the increase in tho visible supply and heavy receipts at primary points caused a reaction. On Tuesday prices closed "fcc higher in the face of considerations that were undenia bly bearish. Yesterday the market gained c on reports of large cash sales. Following is the rango of closing prices of September wheat at Liverpool, Chicago and New York from Thursday, August 16. to "Wednesday, August 22, both dates in clusive: Liverpool. Chicago. N. Y. Thursday . Cs 73ic TSTtc Friday 5slld 74 c 7840 Saturday Es.lOd 72H,c YT&c Monday .... ,.f... 5s JlUd TTiC 7714c Tuesday 6s 10Hd 73 c 78 c "Wednesday SslOd 73?c 7S&c The range of cargoes at London for the week has bees: No. 1 California. 'Walla "Walla Thursday Slslid rSslOd Friday Sis 29s 6 d Saturday - &s 4Hd :9-23s Z& Monday . SOs 6 d Ss 5 4 Tuesday TOs 9 d Hs Wednesday SOs e ISs 3 d Offiolal statistics of the wheat crops of the world, compiled by the United States Department of Agriculture, show that in tho countries of the Southern hemi sphere, whose wheat crops are commonly Included in statements of the world's wheat crops, the production will hardly fall loss than lflfl.K3.OX) bushels. This is 10000,000 bushels short of last year's pro duction. Australia and Chile are the only countries showing any material reduc tions. Th crop in Argentina lost "Winter Is believed to b about lOS.CKtt.OX) bushels, about equaling last year's large figures. In 1WS-18W Vruguay's wheat crop ex. ceeded T.OCtt.OflO bushels. The only depart ment of Uruguay ytt officially reported has $i crop over S per cent smaller than the previews yoar, but it is thought un likely that' fmch a reduction was general throughout Uruguay. Figures for Australasia Indicate a de ficiency et about C.000.0W bushels. The Chilean crop of 1S9S-1900 was so small as to be Insufficient for home requirements during tho current year. Indeed. Chile was said te be importing wheat as early as May last, or within a few months after tho completion uf her harvest. Notwithstanding the Indiaafamlne, tho FINANCIAL NEWS 3S0O wheat crop in Bengal, Northwest Provinces and Oudh and the Punjab was above the average, taking these three divisions together. Elsewhere the crop has been a lamentable failure. The In dian wheat crop, as a 'whole, amounted to 182,5S2,000 bushelst against 23C.679.000 bushels in 1S93. and an annual average of 223,4SS bushels for the preceding live years. Accounts from the Southwestern gov ernments are unfavorable as regards "Winter wheat, which, during the years 1S94-1S93, formed on an average over 93 per cent of the total crop of these three governments. The Russian wheat crop, as a whole, Is anticipated at somewhat below rather than above the average. The small amount of Spring wheat was expected to ylefd- about an average crop. The South- Russian yield will not be so large as expected. Eastern Russia reports are- quite favor able, and a report from Riga indicates that the crop in the provinces bordering the Gulf of Finland was making good progress. A report from Poland repre sents Its wheat crop as the worst In many years, Implying a deficit of several million bushels as compared with 1S9S or 1SS9 in "that division of Russia. More than an average crop Is indicated for Central Sweden. In Germany somewhat above an average yield and good quality are Indicated. The Austrian wheat crop Is rather poor and thin in some districts. The last fig ures received in the United States put the Hungarian crop at ISo.OOO.ODO bushels. Roumanian reports generally are favor, able, but the total area is somewhat reduced and the total outturn may b'e below the average. The Bulgarian crop is "reported unusually good, although it, as .well as, the crop of European Turkey, suffered somewhat from rain .during har vest About an average crop Is Indi cated, with generally good condition In Italy. Switzerland and Spain. France In dicates a crop slightly above the average for the years 1BS9-1S9S. but recent bad weather may make the actual outturn a little smaller. Favorable reports come from Belgium and the Netherlands. On unofficial estimates a deficiency of about 9,503,000 Winchester bushels In tho wheat crop, as compared with 1899, is indicated for Great Britain, and about 4,780,000 Winchester bushels less than the average for 1SSS-1897. tW North Africa crop is reported better than the poor one of 1899. The Mexican crop Is unusually h'avy and of good quality, and a large Increase In area is reported. The Mani toba crop Is very deficient and the latest estimate for the province, as a whole, puts it at a little less than 11,000,000 bushels. Secretary Wilson has got himself into a deal of trouble by his prediction of dol lar wheat before the end of the year. His reasons for predicting this high price were thajt the supply would be, short, "While the general prosperity of the coun try "would permit the people to eat all the wheat bread they desire, and so the consumption would Increase. "Whatever may be the outcome of the wheat crop, Secretary Wilson certainly had no trust worthy Information $tpon which to esti mate a shortage of 103,000,000 bushels. The average crop, according to official statements, for the five years, 1S95-1890, was E0,477,C00. The average crop for 10 years, 1SS0-1S99, was 503,077,800 bushels. The July condition report pointed to a crop In 1900 of 510,000,000 bushels, and that of August to a crop of 513,000,000. The Government figures for the last crop were D47,O.O00. There Is 'nothing tJ Indi cate that the crop is going to be 100,000, 0CO short of the last crop, or of any recent averages. The New York Journal of Commerce reminds Secretary Wilson 1 that it Is a small part of the American population that cannot afford to eat wheat bread, and adds: It is probable that during the worst of the business depression, between 1893 and 1S93, enough people economized on wheat bread to affect pcrceptl51y the average consumption. But no one sup. poses that during tho past two, or even three, years any considerable number of people have refrained from eating wheat bread freely. In this country bread is. not a luxury to be Indulged in freely only when wages are high. If the work ing population Is extremely prosperous it is likely to cat less bread and more meat. It has been conjectured that the growing use of oats and corn as break fast foods was reducing the consumption of wheat, and the people have been so well fed during the last two years, at least, that $an Increase of prosperity Is more likely to reduce than to Increase the consumption of sd common an article of food as wheat bread. FREIGHTS No new business was reported this week. The British ship Rlversdale, the only disengaged vessel In the river, is reported to be holding for 4s 3d. The Italian ship, Ellsa, which arrived at Astoria Saturday, was char tered prior to arrival by ilcNcar, at a private rats. Grain vessels In tho river aggregate 17,273 tons'; on the way. 91,561 tops; In Puget Sound ports, 11,185 tons, en route to Puget Sound; 89,593 -tons. Nine vessels, aggregating 19.S15 tons, are on the disengaged Jljt it San Francisco. HOPS The Portland .market Is quiet and prices aro nominally the same as last week. Coast erops this year promise to be as lagge as last year, thbugh the yield in CalIforn,ta may fair pff So far the quality is promising. The San Francisco Commercial News says: The outlook for tho hop market Is de cidedly brighter than at this time last year, owing to the probabilities of a gen eral reduction In the yield of the coun try: the shortage has been estimated at 50,000 bales. New York is expected to Board of Trade and Stock Exchange Brokers GRAIN PROVISIONS STOCKS and COTTON BOUGHT AND SOLO FOR CASH OR CARRIED ON MARGINS 214-215 Chamber of Commerce Portland, Oregon CULLISON&CO. produce a very light crop. Up North the situation is .generally firm; the crop will be below that of last year as the result of a reduction in the acreage; the yards are generally in good condition, however, and there will not be as much poor stock" put on, tho market as last season. Contract prices range from & 9&c with a few going as high as 10c The yield in this state" Is estimated at about 20 per cent below that of last year, but of -good quality. The contract price for new crop averages about 10c The market is still rather quiet, with sellers showing atendency to hold oft for a while. Considerable Interest Js being- shown throughout Oregon. Washing ton and California in the proposition of a firm 1'n this city to finance this season's crop. A large percentage of the hop growers are compelled to borrow money for operating their yards, and as a rule tljey are forced to dispose of their stocks at unsatisfactory prices. Tho proposition is that in case 75 per cent of the acre age of the three states Is signed, a guar antee of IS cents per pound for all good hops, provided a reduction 'of 25 per cent of the output is made In the three states. Various meetings have been held through out this state and tho North, and the result willprobably be a season's supply more nearly approaching the demand. At present there are about 4500 or 5000 bales still on hand. Last year the Coast pro duced about 175,000 bales; this gear's yield will probably fall about 20,000 bales short, the greatest percentage of the loss being In this state, where cold weather did great damage. WOOL The local market continues quiet, with little business doing. Prices are steady. Boston reports small de mand, as manufacturers are buying only to supply present needs. The wool mar ket there Is waiting for the goods mar ket to move. The latter is progressing very slowly, and though the manufactur ers are hoping that a good business will eventually result they are not speculat ing on that possibility. When they re ceive good-sized orders for their goods they will place Vood-slzed .orders for wool, and apparently not before. In order therefore Intelligently to forecast the wool situation it is necessary to make a careful study of the general business' conditions of the country.- Just at pres ent wool is sharing the common lot of general commodities. Like everything else wool has passed through a condition of violent speculation; prices rose to figures which now Eeem to have been unduly high, and during the last few months have been seeking their normal level. The secret of the entlro situation now Is, no one is anxious to buy until he Is convinced that the normal level hns been actually reached, but It Is just there that the greatest uncertainty ex ists. Wool has been going down so stead ily for so many months past that it; would seem as if it must have reached bed-rock. In fact, prices have held quite steady for several weeks past, which raises the hope in many minds that the full extent of tho decline has been real ized. But though this hope Is getting to be quite wide-spread among the dealers in (wool the manufactures are not en tirely without 'their fears. The orders for the finished product have been com ing In so slowly, and the clothiers evince such a disposition to confine their at tention to sample pieces of goods, that the manufacturer ltf in some doubt as to what to expect. The clothiers, of course, are backward in their orders because they are still uncertain regarding the purchasing power of the masses, and that is a problem which time only will solve. At New York manufacturers are cover ing the small sales of lightweight goods so far effected, but they are doing little more than this. There is extremely little speculative, or anticipatory buying such as is being indulged in by numbers of dealers. The average manufacturer, says the New York Journal of Commerce, does not look for an early advance In wool, and is not .anxious to add to his financial burden, if manufacturers were certain that their mills were to be fairly well employed for the season, the situa tion would be entirely different, but many are facing the necessity of whblly or partially closing their plants, while less than 50 per cent of the maximum productive capacity of tho Industry is employed at present. Besides, no radical advance is expected In wool, even if an active lightweight trade develops later. Tho wool market Is at present supported by the finances of dealers and growers, rather than by the small current sales. The latter, however, are of sufficient volume- to correct the few weak spots that develop. There Is a remarkable ab sence of weak holdings, considering the protracted dullness of trade. SALMON Just now tho commercial world Is Industriously striving to arrive at a correct estimate of the shortage of this year's pack in Oregon, Wash ington, British Columbia and Alaska. Es timates run all the way from 000,000 to 1,000,000 casest of which the Columbia River contributes 14,000 cases, and Puget Sound approximately 323,000 cases. The Alaska Packers' Association has made a price of $1 10, per dozen on 1900 pack, Red Alaska salmon. This prlco applies only to orders for straight, cars of one brand; formless than carload lots or cars of assorted brands the price Js $1 12 per dozen, f. o. b. coast. Prices have not been named on Medium Red or Pink Alaska, owing to the heavy shortage. The present conditions warranted the Alaska packers naming a pride of $1 20 per dozen on Red Alaska. Their Idea in naming a price of $1 10 per dozen was to enable the big cities to retail the salmon at 12&c a can and the country to retail It at 16c a en. The associa tion only gives Eastern buyers a short -tlon to confirm sales at the opening price, as the English market Is ready to take the entire pack at this price. Tho freight rate to all points except Southern territory is, via rail, 13c per "dozen; via Panama steamer to New York, lljc per dozen via sailing vessel to New York, 13c per dozen. All sales are made f. o. b.- coast. ' Bank Clearings. ExchanpeS. Balances. $35,035 26.S44 Portland ?385,2S0 Tacoma 160,310 Seattle 3S7.039 Spokane , 1,484 POirTIiAJi'D MARKETS. 82.270. 12,820 Grain, Flour. Etc. Wheat Walla Walla, nominal. C4c; Valley. 5tQ55c; bluestem, 65J57c per bushel. Flour "Best grades. $2 75Q3 10 per barrel; graham, $2 50(73. Oats White. 3637c: gray. 3ff35c per bushel. Barley Feed, $1515 50; brewing, $17 per ton. Mlllstuffs Bran, $13 per ton; middlings, $20; shorts, $15; chop. $15. HA Timothy. $U12; Uovrr. $77 60; Ore gon wild hay, $037 per ton. v Butter, Efirsrn, Poultry, "Etc. Butter Fancy creamery, 4350c; store, 25-fi? 27Si per roll. Eggs 17c per dofen. Poultry Chickens, mixed. $3Jj4 per dozen; h5. $4 50: Springs. $2; lueks, $3&4 geese, $4g5 per dozen; turkeys, live. 14l6c .per pound; dressed, 1317c Cheese Full cream, twins, ll12c; Young America, 12413c per pound. Vegretables, Frnlt, Etc. Vegetables Parsnips, $1; turnips, $1; car rots. $1 per lack; onions. $1 23ffl 50 fox Cal ifornia. Yellow Danvers. $1?1 23 for Oregon Yellow Daavers; cabbaje, i 752 per cental; pdtatoes, 4050c per sack; peas, Sff4c; beans, 4c per pound; cucumbers. 1015c per dozen: tomatoes. C5c per box; jrreen com, 1012JSc per dozens sweet potatoes. lc pet; pound In sacks. ' Fruit Lemons, i?4 S05; oranges, $3504 per box for late Valenclaa; pineapples. $4 0OS per dozen? bananas. $2 503 per Tjunch; Per sian dates. Tc per pound; peaches, 4555c; pears, 7590c per box: apples. E0cQ-?l per box; -watermelons, $1 752 23: cantaloupes, ?11 25 per dozen for California; Oregon nutmegs. $1S?1 50 per crate; plums- and prunes, 4650c per crate; grapes, seedlfs?, 75c per bex;,Sweet water, 50c; Muscat, 753S5c; black, 75SS5c; Tokay, ?1 per crate. Dried fruit Apples, evaporated. CS'e per pound; sun-dried, sacks or boxes. -3e; pears. mm and evaporated. 56c; plums, pltleoa, 4 6$Jc; prunes. Italian. 3H?T3Hc; silver, extra choice, 5 CcJ n&8, Smyrna, 12jc; California black. 66c; do white. 10c per pound. Groceries, Nuts, Etc. Coffee Mocha, ,232S'j: Java, fancy. 20a32c; Java, good, 2024c; Java, ordinary. lStfiOo: Costa Rica, fancy, lSQZic: do gooa!6lJ5c; do ordinary, 1012c per pound; Columbia, roast. $1S 63; Arbuckle's, 514, 13; X.lon. $13 13 per case. v Sugar Cube. $0 00; crushed, $0 90; pow dered,, ?G 50; dry granulated, $0 30; extra. C $5 80: colden C. $5 70 net; half barrels, Uc more than barrels; maple sugar, 15$lUc per pound. Salmon Columbia River, 1-pound tails, i zo 01 00 2-pound talts, ?22 W: fancy. l-pouad Cats, 1 C5l "5; W-pound fancy, flat-, 85itecr Alaska. 1-pound tails, $1 201 30; 2-Round tails, $1 D02 25. Beans Small white, 3?4c; bayou, 4e; Lima, 6c per pound. , 9 Grain bacs-Calcutta, ?GS 12 per 100 lor spot. Nuts Peanuts, 67c per pound for raw, 9c for roasted; cocoanuts, 00c per dozen; walnuts, 10 lie per pound; pine nuts, 15c; hickory nuts, 7c; chestnuts. 15c; Brazil, lie; Alberts, 16c; fancy pecans, 1214c; almonds, 15SJ17&5 per pound. Coal oil Cases, 20c per gallon; barrels, 16c; tanks, 14c. Rice Island, 6Uc; Japan, 5c; New Orleans, 43,5c: fancy head, $707 CO per sack. 3Icnt and ProvlBion. Mutton Grosi. best slieep, wethers and ewi 15, sheared, $3 60; dresseO. 67c per-pound, Spring lambs, 4c per pound gross; drqsscd, 8c Hogs Grois, choice heavy, $5 C0S5 75; ligjit. $5; dressed, 0c per,pound. Veal Large, C&8c per pound; smalU 8& 0c ner pound. Beer Gross, tor steers, $3 C04; cows, $30 3 50; dressed beef, C7c per pound. Provisions Portland pack (Shield brand): Hams, smoked, are quoted at 12c per pound; picnic hams, 9c-per ponnd; breakfast bacon, 13He; bacon, 10c; backs, OHJplOc; dry salt sides, 9&c; dried beef, 17c; -lard, 5" - pound palls, lOo; 10 -pound palls, 9c; 60s, l)c; tierces, OJJo pec pound. Eastern pack (Ham mond's): Hams, large, 12c; medium, ISftc; small, 13V4c; picnic bams, 0c; shoulders. Oc; breakfast bacon, 13c; dry salt sides, 39i:; bacon iides, 0Ji10c; backs, 10ic; butts. 0o; lard, pure leaf, kettle rendered, 5s, 10?ic;' 10s. -lOc. Hopn, Wool, lliaen. Etc. Hops 20Sc per pound for 1800 crop, DSUOo for new crop. Wool Valley, 12i313c for coarse. lCgiCc for best; Eastern Oregon, 1013c; mohair, 20c per pound. Sheepskins Shearlings, ,15g20c; shon-wool, 25 35c; medium-wool, SOftSOc; long-wool, 00ctf$l oach. " Tallow 55Jc: No. 2 and grease 3h4c per pound. Pelts Bearskins, each, as to size, $5(313; cuba, each, $105: badger, each, 60c; wildcat, 2375c; houocat, 625c; fox, common gray. 0na$l; do red. $1 75B'3 50; do cross, $2 60'fG; lynx, $24 60; mink. 40c?l 75; marten, dark Northern, Sg-lO; do pale, pin", $24i musk rat. 8 2 12c: skunk. 500'SOe; Otter (land), ?4 US; panther, wltfi. head and claws perfect, J $1$3; raccoon, 2550c; wolf, mountain, witn head perfect. $3 60 5; wolverine. $2 50$jG; beaver, per skin, largo, $07: do medium, per skin. $5; do small, per skin. $lij?2: do kits, per skin $13. Hideo prv hides. No 1. 10 pounds and up ward. 1415e; dn; kip. No. 1, 5 to 10 pound. 15c per pound; dry calf. No. 1. under 5 pounds, 15I0c: dry salted, one-third less than dry flint; salted hides, sound steeps, CO pounds ax.d over, 78c; do 50 to 60 pounds, T'ic; do un der 50 pounds and cows, 7c; kip, 13 to 30 pounds. 7H4?8c: do veal, 10 to 14 pounds, 7c; do calf, under 10 pounds, 7c; green (unsalted), lc per pound less; culls (bulls, stars, moth eaten, badly cut, scored hair slipped, weather beaten or grubby), one-third les. COTTON CLEARING-HOUSE. Modern Methods of Bnatncss Pro poned In New Yorlc. NEW YORK. Aug. 22. President. Hub bard, of the Cotton Exchange, has , ap pointed, a new committee to carry on the work of devising a plan whereby cotton contracts for future delivery can be cleared at once without waiting for the time of delivery to arrive; In oth$r words, to prepare and present to tho board of managers and members of the exchange a modern clearing-houso system for such contracts. The committee, it was learned, consists of Daniel Odell, chairman; Charles W. Ide, Paul S. GalattI, John A. Hartcorn, Jr.,, and Edward S. Scott. Tho proposal to inaugurate a now sys tem of clearances has been talked over for some time by members and officials of tho exchange, and" early last Fall the matter assumed definite shape when Thomas M. Robinson, who was then pres ident, was authorized by tho managers, at the request of several prominent mem bers, to name a committee of Ave .to "In vestigate and report to the exchange, for subsequent consideration and action, the practicability and advisability of the adop tion of such a system, and if In their Judgment found advisable, to prepare . plan which to thorn shall seem most de sirable to that end." Although that com niitteo spent much time, no conclusion was reached up to the time oftho annual election of the officers of the exchange. The board of managers, however, were In favor of continuing the" Investigation and President Hubbard was accordingly authorized to appoint a new committee, the membership of which is now en nounced. The appointment of this commltteo re vives Interest in a. subject that is of much Importance to members of tho Cotton Ex ohange, altpugh there is still arwlde dif ference of opinion among them as to tho successful outcome of the undertaking. There la a very large eloment In; the ex change that strongly supports the pro posal Itself and believes It possible to de vise a satisfactory working plan for the immediate clearance of future contracts. There are not a few members, on the other hand, who are unqualifiedly opposed to the principle itself, and will probably nof'support the movement, although much depends, of course, upon what plan tho committee may ultimately decldo upon. Avooii pmai. SnlerfyXot So Xjixrse nn at This Period a Year Ago, BOSTON, Aug. 22. The American Wool and Cotton Reporter will say tomorrow: The wool market has shown more ac tivity the past week, although the busi ness reported has been in spots, not be ing at 'all well distributed among the mem bers of the trade. Many of the latter re port absolutely nothing 'doing, while a few others report some good-sized sales, which swell the volume of .transaction for the week 'under review to about3,500,0OQ pounds. Last year, al this tlme the weekly sales were close to ,000,000 pounds. Some fair-sized lines of territories and Texas wools have been disposed of. Tho feeling among the trade is pretty firm. COFFEE REDUCED. Cut May Bring on Renewal of the Rate War. NEW YORK, Aug. 22. Considerable sur prise was shown today In lower Wall Street as a result of the announcement of the Arbuckles that they would pay their customers cent per pound additional rebate on all roasted package coffee pur chased from them that shall be 10 per cent or more In excess in pounds of the amount purchased In the year ended July L This is supposed to indicate the trou ble over coffee Is likely to be renewed at any time. The American Sugar Refining "Company recently began allowing an extra 1 per jceat discount to tfcfilr CffgtamgXS S&V have- Increased their purchases. This is said to be done to offset tho extra 1 per cent, allowed by- the Arbuckles to whole salers on sugar, and In retaliation the Ar buckles have made the announcement re garding -purchases of coffee. -. Arbuckle Bros, and the Woolson Spice Company have both reduced their quotations "on package, coffee & cent per pound. J. N. Jarvle, of Arbuckle Bros., said today that tho recertt reduction In coffees; was not significant. It was due, he said, to trade dullness and low prices for green coffee. SEW YORK. STOCIC MARKET, Small Trading and No Material , , Changes In Prices, i ' -NEW YORK, Aug. 22. The level of prices was not materially chrfnged as a result of today's trading in sticks. In "fact, the fluctuations In tho .most promi nent railroads did not exceed 2 per cent and. in only; a few specialties was the Tange a point. Conditions underlying the general situation are the main topic of discussion In the street and It apparently requires unusual developments to extri cate the market from the rut Into which it has fallen. With operations pretty generally limited to the trading element who" close their contracts from day to day, not much importance can be at tached to current market movements, Some effort was made at the Opening- to continue yesterday's late reaction, " but 'suportlng orders appeared in Brooklyn TYanstt and People's Gas, which strengthened- the entire list. Consolidated Gas was In extreme demand 9nd rose almosf 2 points on buying, inspired by Its early restoration to an 8 per cent annual divi dend basis. A subsequent attack was made on People's Gas, the prices going down 1, and remaining under last night until the final dealings. No definite news has been developed tt account for the re cent pronounced pressure against " this stock". Business was at a standstill dur ing the greater part of the afternoon, but toward the close there was a slight spurt and prices rose to the' best figures of the day on, shorts covering. Cana dian Pacific yielded a point on apprehen sion of labor' difficulties, and Western Union almost as much , on unusually .heavy transactions. London traded on both sides of the account, but their trans actions were small. v ;, The bond market was Irregular today on moderate" dealings. Tqtal sales , par vajue, $735,000. United States refunding ,2s when Issued advanced & In the bid price. BONDS. U..S. 2s, ref. re.104 do coupon .......104 do 3s, reg 100 do coupon 109 do new 43, rcg..l33 do coupon 133 do old 4s. reg.. ..115 do coupon ......115 Gen. Electric Bs..ll6 N. T. Cent. Ists..l03,ft Northern Pac. 3s.. 6ih do 4s 104 Oregon Nav. Ists..l03 "flo 4s 102 Oreson S. L. 0s...l2GS do con. Ss .112. Rio Oh. West, lsts 08i do 5s, ng 112'4! ao coupon 11 St. Paul consols.. 16S Dlst. Col. 3-G5S...120 ISt. P. C. & P. IsLsllO Atchison adj. 4s.. 85 do Bs 118 J. & w.w. eon. 7S133 do S. F. deb. 5s.l20 D. & R. G. lsts.102S do 4 OS Union Pacific 4s...l05Vt Wis. Cent. lsts.... &&h West Shore 4s Ill Southern Pacific 4s .7SJ, STOCKS. The total sales of stocks today were S5.800 shares. The cloying quotations -nere: Atchison 275i Union Pac. pref 70Vs 0 17 8 23 14 54 do pref TO Wabash .. Bait. & Ohio 71$ Can. Pacific 8'J Can.SSouthern ... 40 00 prer Wheel. A 1j. E... do 2d pref Wis. Central .... P. C. C. & St. Za Ches. &r Ohio 27 Chi. Gr. Western. 10ft Chi., B. & Q 12514 Third Avenue 110 EXPP.ESS CO.'S. Adams 123 American 155 United States 45 Wells-Fargb 12J MISCELLANEOUS. do pref S3 Chi. & East. 111... 0fl Chicago & N. W..1C2W Chi.. R. I. & P...106 C. C. C. & 8t. L. 58V Colo. Southern ... Ok A.mer.N Cotton Oil.. 33W 311.. 33ft :::." di 1st Dnf 42 I do tJrcf do 2d pref ill rAmr. Maltincr Del. & Hudson.. ..112 d6 pref 2oj Del., Lack. & W..177Vj Amer. Smelt. & R. 37U Denver A Itlo Gr. 18k do pref 88U ao prei wvji Amer. Spirits 1 Erie k... 10-, ao prer ' 17 Amer. Steel Hoop. 10 do pref 60 Amer. Steel &. W.. 35VA do pref ,. 74 Amer. Tin Plata?.. 24 ao 1st prer 33 Great North. Drei.152 HocKlnp Coal .... H&! iiocxing vauey .. Zi.fi Illinois Central ...lUft lowa central IV da Dref 4.t do pref 77 Amer. Tobacco. . 0.1$4 d6 pref 128 Anaconda MIn. Co. 45 Brooklyn B. T 57 Colo. Fuel & Iron. 34 Kan. 0., P. & O.. 15j L.a.K.0 Jne & w.. : do pref 01 Lake Shore 200 Louis. & Xeh.... 71ji; Manhattan El ... 02 Met. St. By 1MV Mex. Central .... 11 Minn. & St. Louis 55 do pref 03 Cont. Tobacco'..... 26 do pref 77 Federal Steel 34 qo prct u)i General Electric ..138i Glucose Sugar 62 i Missouri Pacific .. 51 I do prec Int. Paper do pref La Clede Gas... .. 08 .. 2.5 .. tUI .. 75 .. 37 .Mobile & Ohio.... 37 I at.. .. &. x si-ji do Dree 30-11! New Jersey Cent..l3tSiij National Biscuit do pref National Lead . Norfolk & West.. 33 is ao.prei tfi Northern Pacific. 51 do pref 9U National Steel .... 25 ji do pref 84 N. T. Air Brake 130 North American .. 15 Pacific Coast 55 do 1st pref 80 do 2d pref , 64 Pacific Mall 31 People's Gas 0511 do prer 71 Ontario & West.. 21 O. It. & N 42 do Dref. 76 Pennsylvania. ....120VJ Reading 10 do 1st pref 63 do 2d pref 2Si, Rio Gr. Western.. 60 do Dref 00 Bressed Steel Car.. 3S',t do iiref 71 Pullman Pal. Car.186 Stand. Bone & T.. 5Vi St. Louis & S. Fr. 09S do 1st pref 00 I do 2d pref 3.TJ4I Susar 123'A Bt. Louis S. W... 12 do pref 116 Tenn. Coal & Iron. 60V4 U. S. Leather 10-jj, do pref ... 63Vi do Dref 28'4 St.Jaul 113 do pref 172 St. Paul & 0 110 u. s. ituoDer vtu do pref 04 Southern Pacific.. 33X4 Southern Ry ll do pref 52H 'Texas &. Pacific. 14ft Western Union ... 70-1 Bcpubllc Iron & S. llVi do pref 53 Union Pacific .... ou STAGNATION IX iiONDON. ' Spread of Railway Troubles n Cause of Dullness. NEW YORK, Aug. 22. The Commercial Advertiser's London cablegram says: There was downright stagnation in the markets here today, the spread of the railway labor troubles being a special cause for dullness. Americans were al most wholly neglected. The bank bought 122,000 gold in bars. Money rates were again unchanged. Money, Exchnnffe, Etc. SAN FRANCISCO, Aug. 22. Sterling on London, 60 days, $4 84i; sterling on Lon don, sight, $48&: drafts, sight, 7i,c; telegraph, 10c; Mexican ddllars, 4040VAC. NEW YORK, Aug. 22. Money on Call. l&3lVi per cent; prime mercantile paper, 46 per cent; sterling exchange firmer, with actual business In bankers' bills at 54 87 demand, and at M'S4i GO days; posted rates. $4 854 83tf and 54 SSV4&4 S3; commercial bills, 54 S3144 84; silver cer tificates, 61ViG2c; bar silver, 61c; Mexi can"' dollars, 45c; Government bonds, strong; state bonds, ' steady; railroad bondsi Jrregular. LONDON, Aug. 22. Consuls SS&, money 2V4 per cent. Silver for Europe. 1 NEW YORK, Aug. 22. The steamship Fuerst Bismarck, sailing for Europe to morrow, will take 146,000 ounces of silver. Stocks In London. LONDON, Aug. 22. Atchison, 2S&; Ca nadian Pacific, 91;. Union Pacific pre ferred, 78; Northern Pacific preferred, 73 Grand Trunk, 6; Anaconda, 01: Rand' Mines, 33. THE GRAIX MARKETS. Prices of Cereals In European and American. Ports. SAtf FRANCISCO. Aug. 22. Wheat and barley, steady on call and quiet In the spot market. Oats steady. Spot quotations were: , Wheat Shipping, No. L 51 02; choice. 51 02tf; milling, 51 051 07. Barley Feed, 7375c; brewing, SOftSSc. Oats Good to choice white, 51 lTSl 33; gray god to choice, 51 101 20; red good to choice. 51 1241 30. Call board sales: Wheat Steady; December, 51 101 10; cash, 51021A. Barley Steady; December, 77c Corn Large yellow, 51 17)1 20. J'exv Torlc Groin nnd Produce. W YORK. Aug. 22, Flour Receipts, 15.01S barrels; exports, 10,783 barrels; mar ket steady.-Whiajt-Receipts, a7il25 JbiiFheln; esufftg, Downing, , Hopkins- & Co. Chicago Board of Trade New York Stock Exchanac Room 4, Ground Floor BOTH TElEPnOXES 0,119 bushels; spot. Arm; No. 2 red, TSe elevator; options opened T9c f. o. b. Op tions were slow all day. At first a lUtfe higher on foreign buying 'and firmir cables, they subsequently eased oft! through extreme dullness of, trade and weakness In Duluth.- Prom this they had a final sharp rally on export develop ments and heavy- covering of shorts;' closed strong at c net decline. Hay closed. -S2c; September, TSfcc; October TOJsc: December, SO&c Chi en pro Grain nnd Produce. CHICAGO, Aug. S. Trade In wheat tha first part of the session was quf.'t, al though there were periods of consider able activity,, especially near the end. lAjr erpool showea only a slight advance com pared with the bulge here yesterdnyv and the market opened rather easy in conse quence. September J,c lower at 7727:s. An early advance to 73kc was followed fcy a reaction to 72Tfi73c Up to tho last hour fluctuation were narrow wltc the undertone Arm. Southwestern receipts showed a decrease; rains in the North west were reported as Interfering with the harvesting, and cash 'bids were fully as good as yesterday. Foreigners were, still buying and local bulls lent some support. Near the end talk of- big cash sales caused a sharp" rally nd Septem ber, " which had been hovering between 72 and 73c shot up to TSc and closed strong at that figure, ic over yester day. Corn started higher, but broke on the rains in the West. Trade was quiet. Sep tember closed He lower at 38e. Oats were active and lower. September closed at 21c. a loss of c. There was a narrow range In provis ions. Pork was easy on local selling, "but lard and ribs were steady, sustained by n good 'cash demand. Foreigners Dought lard. Trade was quiet all th session, and near the end It was noarly deserted. September pork closed 2&5c lower, lard a shade lower, and ribs 5c higher. -The leading futures ranged as follows: WHEA.T. Opening-. KlKhest. T.owrt. '('. August ... September O.ctober . . n -o'a n 7"ji n rvzi sn -nsi 2tt jw, 721& 73TS 73 74 COBN. iMT$ .. 3ML 2Ti 73',& 71 214 m August .. September October SS 3S OATS. SS15 August ... September October ... . 21 21 . 22 22$ . 22H 22i MESS POBIC. 40 SO 10 00 21 21 Sentembcr 10 .SO 10 00 1100 woo 10 0714 1103 October 10 00 January 1100 luuiii 11 C5 LABD. September October .. January . 0 70 6 7215 G70, 0 72 6 45 C7ft 73 0 43 G 72H 6 6 47A 0 47 SHOBT BIBS". September ... C 05 7 00 0 03 October ....... 6 87 January 5 S7 5 85 5 82 7 00 C'J3 5S5 Cash quotations were as follows: Flour Steady. Wheat No. 2 red, 741c. Corn No. 2, 40c; No. 2 yellow, 40c. Oats No. 2, 22V;c: No. 2 white, 244$26c; No. 3 white, 2423Uc. Barley Good feeding, 36c; fair to choice malting, 4146c. Flax seed No. 1, 5140; No. 1 North western, 51 40. Prime timothy seed. 53 53 03. Mess pork, 510 S010 05 per barrel; lard, 5C 7036 72 per 100 pounds; short ribs des (loose). 56 0O.-3123; dry salted shoul iTlrs (boxed). GK'GCiLc; short clear sides (boxed), 56 43sJ6 5. On the produce exchange today the butter market was firm; creameries, 16(Jp 20c; dairies, I4lSc. Cheese Steady. lOftllVlc. Eggs Firm; fresh, 12'c. v Reclpts. Shipm'ts. Flour, barrels 31.000 12.000 Wheat, bushels B57.000 142.000 Corn, bushels 2K5.000 00,000 Oats, buxhels 343.000 CSO.OOO Bye. bushels 6.000 Barley, bushels li.OOO 24,000 European Grain MnrUets. LONDON, Aug. 22. Wheat Cargoes on passage, firm, inactive, 3d higher; car goes No. 1 Standard California, 20s; car goes Walla Walla, 29s 3d. LIVERPOOL, Aug. 22. Wheat and flour in Paris firm. French country market? dull. Weather in Ireland unsettled'. Wheat Spot, firm; No. 2 red Western Winter, 6s ld; No. 1 Northern Spring, Cs 2&d; No. 1 California. 6s 3dfi6s 3Hd. Futures quiet: September, 5s lCd; De cember, 6s d. 9orn Spot, firm; American mixed, new, 4s Vd; do old, 4s i$d. Futures quiet; Sep tember, 4s id; October, 4s d; Novenfber, 4s ?id. SAX FRAXCISCO 3IA11KETS. SAN FRANCISCO, Aug. 22. Wool Spring, Nevada, ll13c; Eastern Oregon, 1014c; Valley, Oregon. le-SlSc. Fall Mountain lambs, 910c; Humboldt and Mendocino, 1012c. -Hops 1899 crop, 813c. Mlllstuffs Middlings, $1720; bran, 512 f 13 50 per ton. Hay Wheat, 5S12; wheat and oat, 5x& 10-50; best barley, 53 50; alfalfa, 507 50; compressed wheat, 5512 per ton; straw, 25i37c per bale. Potatoes River Burhanks, 33fc'C5c; sweet, now, llc per pound; Salinas Burbaiiks, 70c51. Vegetables Green peas, 24c; per pound; string beans, 23c; tomatoes, 15 40d; asparagus, 75c52 50; cucumbers, 20 30c a box. Green fruit Apples, choice, 5115 per box. Butter Fancy creamery, 24S23e; do seconds, 2223d; fancy dairy, 21(522c; do seconds, 17U20c. Citrus fruit Mexican limes. 536; common California lemons, 51 50f82 75j choice, 53J 23 per box; pineapples, 52'$3. Bananas 51?2 30 per bunch. Cheese California, flats, 10ffil0''c per pound; Young America, 10gl0c; Eastern, 13&14a Eggs Store. 1515&; fancy ranch, 25c; Eastern. 1720c Poultrj' Turkeys, gobblers, 9H10c; do hens. ll13c per pound; old roosters, 53 0 4 per dozen; young roosters, 53 50ft5; small broilers. 51 75522 50; large do. 52 503; fryers, 533 50; hens, 53 50(0:4 0 per dozen; old ducks, 534; geese, 51 251 50 per pair. Receipts Flour,. 9642 quarter sacks; do Oregon, 840; wheat, 65S0 centals; barley, 71,515 centals: oats. 2670 centals; do Ore gon, 650; beans. 285 sacks; potatoes. 7279 sacks; bran. 925 sacks; middling?, 40 sacks; hay, 899 tons; wool, 253 bales; hides, 294. 1 EASTERN LIVESTOCK. CHICAGO. Aug. 22. Cattle Receipts. 25,000, Including -4000 Westerns and 900 Tex ans. Generally 10-glSc lower. Natives: Good to prime steers, 55 4016 00; poor to medium. 54 C05 30; selected feeders steady 54 004 S5; mixed stockers slow. 53 253 90; cows. 52 65JT4 25; heifers, 53 C04 90; can ners, 52 00g2 CQ; bulls. 53 50g4 40: cajves. iraBwwf-TrMM h CTHaaagataa 'Mormon BIshOPS PI I IS J" be or J0 j-mj by tlw ledcr of tha iiormoa dorch a totwwen. I olneiy caret the wnnt ease In old n& youn jr arising frora effect of seUibase, dlsslpttioa, ezecses, or dzirettt-aaofcioj. Ourec 1-OSt Manhood. m B8WS 0 Hfo..TOaor XSEIWi!lUi2f25 "; onus, Sumolates the bnin ad nerre eenten. 5oc tax, cratoey refolded. ith44oxei. Orccisrs tee. Address, t.. To? sals by AlJjlch. Pharmacy, Sixth Chamber of Commerce J I aftgC 50; Texas fd sttrars. W,l&f3C0; 4W: bulls. $T SOfiS 2L g?sK steers. J8 15424 Hog Receipts today. 25.000; tomorro-wv 31.KO (etimated;.-1er. ovSr. SOW. Light awl butcher strong, heavy slow; top, $5 37Uj mixed and autchere. $5 006 Wftl good to' chce heavy. $&05iS 40; rough heavy, $4 S05 10; bulk of sales. ?5 10 5. Sheop Receipts. 3S.00Q. Sheep and lambs, choice about steady; others 1016c lower. Good to c!lolee wethers, $ 65 00; fair to choice mixed. $3 3598 6O4 Western shep, $S 30S 7; Texag sheep. $2. 303 EO; native Vambs, 4 165 25; Western lambs. 51766 15. OMAHA. Aug. 22.-:atticRecelpts. E50O kad MnrKt, 19c hwr: riatlvS beef steers. St'COTS;' Western' steers. '5 15 fj4 7Q; Texa!-steers', J3 754 40; cows and phclfers, $3$W: ea'in-rs. Jl W&i SO; s'tockera and feeders. $3 10H3 85; calves. J3.10O&H).' bulls and stags. $i jQ&i SO. Kegs Receipts, SXQ head. Market, steady; heavy. $4 3S4$ 3 OR; mixed, 54 9? C5. light. J4 P0$S3 10; bulk of sales, $5. Shep Receipts. 11.CC0-. Market. 35c low er than Monday: wethers. JS SESQO 83 f yeirllngs, ?3 33& 65; common stock sheep, $3 2Sf J 50; lambs, 5 Wt 90. -KANSAS CITT. Aug, 23, Cattle Re ceipts. 13.0C0: market, steady: u;exa3 sters. J2 SXpS 9: Texas, cows, $103,: native steers, jl 135 SO; natlye cows and heifers. S.4P0; stoekers ana reeoers. v 4r wi bulls, $2 65&5 33. Hog" Receipts. 7X: market. . steady! bulk of sales. $3 l'xgS. 3D; heavy. $ 105 20; packers. S3 17SS 25: mixed. $31005 20: llsthts. $4 756 27; yoekers,. ?5 25fo 27; pigs. 54 am 25. Sheep Receipts, 5000; market, lawerr lambs, JM?5 50; muttons, $3g4 25. The Metnl Mnrlccts. NSW YORK. Aur. 22 Tho weakness of the metal market grows daily. A bad turn of the London market today Intensi fied the heaviness here and pnfavorabla news from the West added to the general depression. ,At the close the Metal Ex change called pig Iron warrants very weak at $11 nominal; Lake copper quiet at SIC 62: tin considerably lower and very week at 530 12H30 15: lead dull at 54 23; spelter easy at Jl lftff 1 13". The brok ers' price for lead Is $i and for copper 516 73. SAN FRANCISCO, Aug. 22. Bar silver, 61c. . LONDON. Aug. 22. 2S$4d per ounce. -Bar silver steady a Cotton. NEW YORK. Aug. 22. At the .opening th general feeling In the cotton market was barely steady with prices lower. 4 Toward the elope the market weakened badly Under heavy liquidation and bear hammering and closed stendy. 3 points higher on August, but S10 points lower on other months. Coffee nnd Snsmr. NEW YORK, Aug. 22. Coffee options closed steady: net 515 points higher. Seles, 50,000 bags, including September, ?7 307 35; October, $7 40; December. 57 55; February, 57 65. Spot No 7 invoice, S?gC; mild, quiet;, Cordova, nominal. Sugar Raw. steady; refined, steady. Moody iritd Bet ofIt. Youth's Companion. It is sometimes necessary to burn tho candle at both ends, but he Is not a widtf man who continues doing It after his at tention Is once called, to the wasting thereof. Wlien Mr. Moody was in London, ho made a visit to the celobrated. physician. Sir Andrew Clarke, who told him that there was an alarming irregularity In tha action of his heart. "How many tlmps a day are you In tho habit of 3peak!nT?" asked Sir Andrew. "O. I usually areach three times a day." "How many dnvs In the week?" "Flvo days In the week. On Sundays I speak four or five times." "You're a fool. sir. you're a fool!" was the brusque response. "You're killing yourself!" "Well, doctor." mid Mr. Moody.. "I take Saturday to rest. Now. may I ask you how rannv hours a day you work?" "Sixteen or 17." "How many days a wek7" "Every day. sir, every day." "Then, doctor, you're a bigger fool than I am, and you'll till yourself first." With these pleasantries they parted Sir Andrew to ll-e little more than a year, while Mr. Moody lived, seven tunes as long. Edneatlon and Success. New York Herald. The fact that brilliant success has been, can be and will be achieved in business without a college education 13 patent. But does It follow that such education Is useless and the time spent In ac quiring It wasted? Is the chief end of education to enable one to make money and beat his competitor In business? Do the enjoyment and other advantages that come from a cultivation and broadening of the mind go for nothing? That Is evidently not , tho view of the many thousands of young men who are"seeklng a higher education as a preparation for business, careers, nor is It the view of tlio universities that are sending forth, .such graduates In ever Increasing num bers. PRISU3T, SECONDARY OR TERTIARY BLOOD P0IS0.1 Permanently Cured. Vou can be treated At home under same guaranty. If you have taken mercury, iodide potash, and still havo aches and pain. Mucous Patches In- Mouth, Sor Throat. Pimples. CoppT-Colored Spott, Ulcers on any part o tho body. Hair or Eyebrow falling out. write COOK REMEDY CO. 1530 Masonic Temple. Chicago, HI., for proofs o cures. Capital. 5500,000. "We solicit th most obstinate casei. We have cured the worst cases in 15 to 35 days. 100-paso Book Free. Bl.r C is a non-voisoaotf TTnrlY for Oonorrh 4. CUUS. I ninnt .iirinit(irrh. aitrJ White., unnatural dhr t u sulatirt. cnargeu, or anj muiamv (PrjTssu eoausiso. tlon of mil conk meat ,iTH)lsOHEUICJU.C3. branw. Son-utrtnccnC. k0ISCt!CUTI,0.rT3 Sold by Srugglats B.3.A. y for sen la plain wrapper. br exprwr, prepaid r VO U ' TO or 3 ' ?z.w "- Circular sent oa zvpnau apormatorrnoea insomnia, ins TTtrSSS: fs&& ZSi&ESZSkZ t fit f J by roait. UuAlAij A written guarantee, to cur. Bishop ftomody Co., 3an 7ranclcot Cat, and W- hasten stretta, yortiand, Qt, 9 1