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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 25, 1905)
THE MORNING OREGONIAN, FRIDAY, AUGUST 25, 1905.
HOPS AT L Q W IRK
Efforts to Depress Market
Further Meet With Failure.
GROWERS LINE UP STRONG
Unfavorable Reports Continue lo
Come In From New York State.
Latest Sales In Local Mar
ket Produce Prices.
HOPS Bottom of market reached.
Discouraging crop news from other
FRUIT Market ell eupplled, but
BUTTER Various opinions as to
state of market.
CHEESE Strong at recent advance.
EGGS Higher prices arc looked for.
POULTRY Moderate receipts quick
ly clean up.
COFFEE Lower grades tending up
CANNED GOODS Advance In fu
It Is the opinion of all conservative men
in the hop trade that the bottom of the mar
ket has been reached. Despite the long con
tinued efforts of the bears to hammer down
prices by frightening holders Into a etampede,
values have not receded a fraction of a cent
elnce the present level of prices was reached
early In the Summer. Never before In the
history of the market has such a persistent
campaign been waged by dealers bearlshly
Inclined, but It has been without effect, ex
cept upon growers of Washington. The ma
jority of these have parted with tholr holdings,
but the Oregon and California growers have
ftood firm and only sold when they could
get their own prices. The future of such a
market Is easy to foresee, unless history
nhould fall to repeat Itself. It Is plain that
buyers must ralee their bids or do without
The stiffness of the Oregon growers is due to
the discouraging condition of the crops In
most parts of the United States, with which
they are entirely familiar. Instead of im
proving, conditions are becoming less favor
able, particularly In New York State. The
New York Hop Reporting Company, under
date of August 23. wired, the following report
on the crop of that state:
"The warm, eultry rains of last week has
caused an Increase of vermin, and former
estimates of the crop will have to be re
duced." The same company reported the following
from North Yakima, Wash.:
"After careful Investigation we would say
that an estimate of 45.000 bales for Wash
ington this year Is too large by 5000 bale.
We have had a vory long hot spell and such
weather always reduces the yield."
A letter received yesterday by a Portland
dealer from Charles S. May & Co., of Al
bany. N. Y., said that Mr. May, on his ar
rival home, reduced his estimate of New
York State 10,000 bales. Mr. May left Port
land for the East about two weeks ago.
Seth Parson;, a large dealer of Sharon
Springs, N. Y., writes to a hopman here:
Lice are here in large numbers again.
Weather Is sour and wet. Blighted burrs
In evidence everywhere. Think New York
cannot get out now with over 40.000 bales."
Another letter received from a Waterville
"We have a new phase aside from the
increasing vermin to contend with now. It
Is a fire rust which has made Us appearance
in the past week, and is running rapidly and
doing serious damage. Three days after It
strikes a burr the hop Is eaten up and drops
off Roy Lamb, who Is a large grower at
Madison, has notified his pickers and .dryers
that he will not need their cervices this year,
as he does not expect to set a box In hi?
yards. There are many other reports of this
nature coming In from other sections."
A communication from Oneida, N. 1., was as
"Rust and lice are general throughout the
state. Leyland & Tanney are trying to
contract at 1820c with no success. Tanner
thinks prices are going higher. Do not see
bow New York can get out with over 40,000"
to 45,000 bales this year."
It Is believed by men in the hop trade
that Ironmonger, of London, is now on the
short side of the 1005 crop, by which they ac
count for the continued bearish reports that
he is sending out of the market and crop
conditions In England. If this is the case,
hopgrowers will make due allowance In read
ing his cables, which certain dealers have
been spreading broadcast on this coast. Iron
monger was formerly the manager of the
English Hopgrowers Association and Is said
to be now In league with English brewers
In trying to break the pool In that country.
A number of small transactions were re
ported in this market yesterday. Egan &
Mathena, of Wapato, sold 71 bales to McKln
ley Mitchell at something better than 17
cents. Mitchell also bought another carload
at the same price. Maurice Relnsteln bought
23 bales of C. D. Wilson, of Aurora, at
17Vi cents and the Carsten lot of S3 bales at
Forest Grove was sold at the same figure.
BUTTER MARKET UNCERTAIN.
City Creameries Quote It Firm, Front Street
Bays It Is Weak.
There is another of those periods in the
butter market when conditions ' on Front
street do not agree with the feeling in the
city creamery trade. While the local manu
facturers generally report a scarcity and
a strong market. Front street commission
men quote the market easy and less active.
In the latter district, the trouble Is due
to full stocks of Eastern and California but
ter, which make the sale of Oregon butter
at top prices a difficult matter. While the
best state creamery brands are held at 30
cents, good butter from Idaho and other
points Us selling for 27?4. California Butter
for 25274 and Eastern butter for 25026
cents. Many buyers are not particular as to
the name of ,the brand and are more con
cerned about the price and consequently are
using the Imported article.
The shortage of the city creameries' sup
piles is due largely to the Increased use of
Ice cream at a time when the supply of
fresh cream Is at a minimum. Some of the
factories therefore have difficulty in filling
their butter order.
The cheese market is reported very strong
at the recent advance and Jobbers look for
still higher prices.
EGGS ACTIVE AND FIRM.
3fo Uniformity In Prices Quotcd--Good In
quiry for Poultry.
An active movement and a firm market
was reported by egg dealers. The price gen
erally quoted was 23 cents, but some dealers
asked 21. This latter price was an awk
ward one for retailers, who would probably
complain less if the quotation was raised to
25 cent. It looks as if that figure will
be reached before long.
The poultry receipts were moderate and
cleaned tip well. The demand was principally
for old hens, and as not enough of them
came in, buyers had to resort to Springs.
Fruit Plentiful but Quiet.
The fruit market was liberally supplied
yesterday, but the demand was not quite as
strong as usual. There was a large ship
ment of black California grapes which were
quoted at $101.25. Cantaloupes were a drug
on the market and moved at buyers prices.
Peaches were fairly plentiful and sUll ruled
high for the beat offeringi, 70 cents being
the average price, but there was much in
terior stock that cold as low as 50 cents.
Coffee Market Strong.
r The coffee market is vory strong. It s
ctated In the trade that this Is the first
time in years that the consumption has been
larger than the production. The decrease in
the visible supply Is about 1.000,000 bags.
If the scarcity continues, it Is probable that
there will be no coffees left to retail at less
than 25 cents. The shortage is principally In
low grades and in Brazils. The New York
market shows dally advances and a further
.rise in packages Is looked for at any time.
Future Tomatoes Advance.
A five-cent advance was quoted yesterday
in future tomatoes, owing to the blight in
Colorado. . The market on futures Is very
strong, both on the Pacific Coast and in the
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland $511.S49 $ 46.119
Seattle S80.120 214,452
Taoema 608.729 28,870
Spokane .x 409.190 32,494
Grain. Flour. Feed. Etc.
FLOUR Patents, S4.5034.95 per barrel:
itralghts. $464.25; clears. $3.7504: Valley,
$3.9004.10; Dakota hard wheat. $8.5037.25;
Graham. $3.5004; whole wheat, $404.25; rye
flour, local. SS; Eastern. $5.5005.00: cornmeaL
per bale. $1.9002.20.
WHEAT Club. t5907Oc per bushel; blue
stem. 7273c; Valley. 75c
BARLEY Feed. $20.50 per ton; brewing.
$21; rolled. $22023.
OATS No. 1 white feed. old. $2S per ton;
gray, old, $27; white, new, $23 023.50; gray,
new. $22 per ton.
MILLSTUFFS Bran, $10 per ton; mid
dlings. $24.60: shorts. $21: chop. U. S. Mill.
$19; Unseed dairy feed, $18; alfalfa meal. $18
CEREAL FOODS Rolled oats, cream. 90
pound sacks. $6.75: lower grades. $504.25;
oatmeal, steel cut. 50-pound tacks. IS per
barrel; . 10-pound sacks. $4.25 per bale; oat
meal (ground). 50-pound eacKS. $7.50 per
barrel; 10-pound sacks. $4 per bale; spilt
peas. $5 per 100-pound eack; 25-pound boxes.
$1.40; pearl barley. $4.25 per 100 pounds; 25
pound boxes. $1.25 per box; pastry flour. 10
pound sackk. $2.50 per bale.
HAY" Eastern Oregon, timothy, $14015 per
ton; Valley timothy. $11012; clover. $8Q9:
Vegetables. Fruit, Etc
DOMESTIC FRUITS Apples. 9Oo0?1.5O per
box. peaches, 5080c per crate; plum. 75o0$l
per crate; blackberries. 56c per pound: can
taloupes, 75c0$1.5O per crate; pears. $1,250
1.50 per box; -watermelons, 101Uc per pound;
crabapples, $1 per box; nectarines. 75c per
box; grapes. 90e$1.75; Casabas. $202.50 per
dozen; prunes. 70080c
TROPICAL FRUITS Lemons, choice. $4.50
03.50; oranges, Valenclas. choice. $3.50:
fancy. $4.50 per boxj grapefruit, (2.50 0 3
per box; bananas, 54c per pound; pineap
ples. $2.5003.50 per dozen.
FRESH VEGETABLES Aftlchokes. 60c
dozen; beans. 104c per nouna; cabbage. 10
lUc per pound: cauliflower. 75290c per dares:
celery, 75065c per dozen: corn, 609c per dozen;
cucumbers, 10015c per dozen; egg plant, $1.66
per crate; peppers, 708c per pound; tomatoes.
60075c per crate; squash, 6c pound.
ROOT VEGETABLES Turnips. $1.2501.40
per sack; carrots, $1.2501.60 per sack; beetv
$101.25 per tack; garlic 12c per pound.
ONIONS Red. $1.25 per hundred: yellow,
POTATOES Oregon, new. 75080c per eack;
Merced sweets, 3c per pound.
DRIED FRUITS Apples, 79c per pound;
apricots, 120121.4c; peaches, lOH012Vic;
pears, none; Italian prunes, none; California
flgs. white. 4 0'Uc per pound; black. 4 05c;
bricks, 12-14-ounce packages. 75083c per
box; 5S-ounce. $202.40; Smyrna, 20c pen.
pound; dates. Fard, 6c.
RAISINS Seeded. 12-ounce packages, 708c;
16-ounce. 6i0Oc; loose muscatels. 5U8
"He; unbleached, seedless 'Sultanas. G?ic:
London layers, 3-crown whole boxes of 20
pounds. $1.85; 2-crown, $1.75.
Butter. Eggs, Poultry, Etc.
BUTTER City creameries: Extra cream
ery. 27&0Oc per pound; state creameries:
Fancy creamer". 27 V4 0 30c; store butter. 14
taloupea, 75C01.6O per crate; pears, $1.25g
16c; Eastern creamery. 2502Cic; California
EGGS Oregon ranch. 23c per dozen.
CHEESE Oregon full cream twins, 130.
lSc: Young America. 14 014&C
POULTRY Average old hens, 13014c;
mixed chickens. 12Vi013c; old roosters, 10c;
young roosters, ll'40l2c: Springs, 14 to 2
pounds. 14014Vc; 1 to 1& pounds, 14H016c:
dressed, chickens. 13014c; turkeys, live. 180)
22c; turkeys, dressed, choice. 19023c; geese,
live, per pound. 809c; geese, drecsed. per
pound, 9010c; ducks, old, 13c; ducks, gray.
12c; white, 14c; pigeons. $101.25: SQuabs. $2
Groceries, Nuts, Etc.
COFFEE Mocha, 26028c; Java, ordinary. 18
22; Costa Rica, fancy. 18020c: good 1G5J
18c; ordinary. 10012c per pound: Columbia
roast, 'cases. 100s, $14.25; 50s. $14.25: Ar
buckle. $15.75; Lion. $15.75.
RICE Imperial Japan No. 1. $5.374; South
ern Japan. $3.60: Carolina. 52314c; broken
SALMON Columbia River, 1-pound tails.
$1.75 per dozen; 2-pound talis. $2.40; 1-pound
flats. $1.85; fancy. 101-pound flats, $1 80--pound
flats. $1.10; Alaska pink l-pund
tails. 85c; red. 1-pound tails. $1.30; tockeves
1-pound tails. $1.85. '
SUGAR Sack basis, 100 pounds: Cube $5 S5
powdered, $5.60: dry granulated, $5.50: extra
C. $5; golden C. $4.90; fruit sugar. $5.50; ad-
vuicc wver huk uaBi. as iouows: Barrels.
10c; half-barrels, 25c; es. 60c per 100
pounds. (Terms: On remittance within 15
lays, deduct lie per pound; If later than 15
uays and within 30 days,, deduct ic per
pound ; no discount after SO days.) Beet sugar,
granulated, $5.40 per 100 pouncs; maple sugar
15018c per pound.
SALT California, $11 per ton. J 1.60 per bale;
Liverpool. 60s, $17: 100s. $16.60; SuOs. $16:
half-pound. 100s. $7; 60s. $7.60.
NUTS Walnuts. 135Jc per pound by sack, lo
extra for lets than sack: Brazil nut. 15c;
Alberts. 14c; pecans. Jumbos. 14c; extra large.
15c. almonds. L X. L.. 10e; chestnuts, Ital
ians. 15c; Ohio. $4.60 per 26-pcund drum; pea
nuts, raw. 7Hc per pound; roasted. c; pine
nuts. 1001214c; hickory nuts. 7c: cocoanuta. 7c:
cocoanuts, 35090c per dDzen.
BEANS Small white. SaiMe: large white.
Sc; pink. 3Vi34c; bayou, 405c: Lima,
Hops. Wool. Hides. Etc.
HOPS Choice 1904, 17019c per pound.
WOOL Eastern Oregon averags best, 199
21c; lower grades, down to 15c, according to
shrinkage; Valley. 25027c per pound.
MOHAIR Choice. 30c per pound.
HIDES Dry hides: No. 1 16 pounds and
up. 16V4017C per pound: dry kip. No. 1, 6
to 10 pounds, 14016c per pound; dry calf.
No. 1, under S pounds. 17015c; dry salted,
bulls and stags, one-third less than dry
flint; (culls, moth-eaten, badly cut, scored,
murrain, halr-cllpped. weather-beaten or
grubby. 203c per pound less); salted hides,
steers, sound, 60 pounds and over, 9010c per
pound; 50 to 60 pounds. 8Vi09c per pound;
under 50 pounds and cows, S09c per pound;
salted kip. sound. 15 to 30 pounds. 9c per
pound; salted veal, sound. 10 to 14 pounds.
0c per pound: salted calf sound, under 10
pounds. 10c per pound; (green unsalted. le
per pound less; culls, lc per pound lets).
Sheep skins: Shearlings. No. 1 butchers
stock. 25 0 30c each; short wool. No. I
butchers stock. 40 0 50c each: medium, wool.
Np. 1 butchers "stock. 60080c; long wool.
No. 1 butchers stock. $101.50 each. Murrain
pelts from 10 to 20 per cent less or 120
14c per pound; horse hides salted, each ac
cording to size. $1.5003; dry. each, accord
ing to size. $101.50; colts hides. 25050c
each; goat skins, common, 10015c each;
Angora, "with wool on. 25c $1.50 each,
TALLOW Prime, per pound. S03Hc; No.
2 and grease. 203c
FURS Bear skins, as to size. No. 1. $2,509
10 each; cubs $102; badger. 25050c; wild
cat, with bead perfect, 25050c: house cat,
5010c; fox. common gray, 50 070c; red. $30
5; cross, $5015; silver and blaek, S1OO0
200; flshers $506; lynx. $4.50 0 6: mink,
strictly No. 1, according to size, $102.50;
marten, dark Northern, according to size
and color, $10015; marten, pale. pine, ac
cording" to size and color. $2.5004; xnuskrat,
large. 10015c; skunk, 40 0 50c; civet or pole
cat. 5010c; otter, large, prime skin. $6010;
panther, with head and claws perfect, $205;
raccoon, prime. 30 050c; mountain wolf,
with bead perfect, $3.50 0 5; coyote, 60c 0$1;
wolverine. $08: beaver, per skin, large, $5
06; medium, $304; small. $101.50; kits.
50 0 75c
BEESWAX Good, clean and pure. 20022c
CASCARA . SAGRADA (Chlttaa bark)
Good. 303Uc per pound. v
Provisions sad Caaacd Meats.
HAMS 10 to 14 pounds. 13ic per pound;
14 to 16 pounds. 13ic: 18 to 20 oounda. iavr-
y California (picnic), 9Vic; cottage hams. c;
shoulders, 0c; boiled ham. 21c: boiled picnic
bam. bonelMs. 15c
BACON Fancy breakfast. 19Hc per pound:
standard breakfast, 17Hc; choice. 15Hc; Eng
lish breakfast, 11 to 14 pounds. 16c; peach
bacon. 14 c
DRY SALT CURED Regular short clears,
11c; dry salt, 12c smoked: clear backs, 11c:
dry salt. 12c smoked: clear bellies. 14 to 17
pounds average, nose; Oregon exports. 20 to
25 pounds, average. llic; dry salt. 12c
smoked; Union butts. 10 to 18 pounds aver
PICKLED GOODS Pork barrels. $18; half
barrel. $9.50; beef, barrels, $12; halt-barrels,
SAUSAGE Ham, ISc per pound; minced
ham. 10c; Summer, choice dry. 174c: bologna,
long. 54c; welnerwuret. So; liver, 6c; pork.
9010c; blood. 6c: headcheese. 6c; bologna sau
sage link. 4 Vic.
CANNED MEATS Corned beef, pouncs. per
dozen. $1.25; two pounds, $2.35; six pounds.
$8. Roast beef flat, pounds, $1.25; two pounds,
$2.25: six pounds, none. Roast beef. tall,
pounds, none; two pounds, $2.35: six pounds,
none. Lunch tongue, pounds. $3.15. Roast
mutton, six pounds. $8.60.
LARD Leaf lard, kettle rendered, tierces
lie tubs llXc; 60s 11UC 20s HHc 10s
lHiC 5s HUc Standard pure: Tierces, 10c
tubs lOc 50s lOUc 20s 104c 10 10c 6
10. Compound; Tierces 6c, tubs OUc 60s
6KC 10s O&c 6s 6T4c
TURPENTINE Cares, SOc per gallon.
WHITE LEAD Ton lots, 7tfc; 600-poan8
lots. 7)ic: less than 600-pound lots. Sc.
GASOLINE Stove gasoline, cases. 234c;
iron barrels, 17c; 86 dec. gasoline, caws. S2c;
iron barrels or drums. 23c
COAL OIL Cases, 20Ac; Iron barrels, 14c;
-wood barrels. 17c; 03 deg.. cases. 22c: Iron
LINSEED OIL Raw. 6-barrel lots. 69c:
1-barrel lots. 00c: cases. 65c: boiled, 5 -barrel
lots. 61c; 1-barrel lots. 62c; cases, 67c
BEEF Dressed bulls. 102a per pound;
cows. 3&0Vie; country steers, 405c
VEAL Dressed. 75 to 125 pounds. C0??&c:
125 to 200 pounds, 40Cc; 200 pounds and up,
MUTTON Dressed fancy, 04 C7c per
pound; ordinary. 4 05c; lambs. 707HC
PORK-Drwed. 100 to 150. 7H0Sc; 150
and up, G07c per pound.
WHEAT BJISAT KO
I-ARGE ARGENTINE SHIPMENTS
Prices Show Evidence of Strength
Until Xews Is Received From
CHICAGO. Aug. 24. Wheat opened easy
with eeemlngly nothing In the news to Jus
tify the sentiment except a modification of the
previous bullish undertone In Northwestern
markets. On the contrary, there were ele
ments of strength in the situation which be
gan almost Immediately to have effect. There
was an apparent reluctance on the part of
farmer to accept prevailing prices as evi
denced by small receipts. September which
was freely offered at the outset by leading
pit traders at SOHc to 8054c found ready pur
chasers In local shorts who were becoming un
cus over the outlook. Weakness was suc
ceeded almost Immediately by strength and
buying orders from the outside began to come
In. September quickly made up the Initial
loss and continued to advance until It reached
8114c At thus point reports of Argentine
shipments aggregating 3,000.000 bushels,
against half that quantity a year age, caused
a revulsion o feeling and a quick reaction
in prices. The market soon became over
sold. September broke to SOc and doted
weak at SO&c ' (
Corn was firm. September started with a
gain of He at 63 Vic, advanced to 64 Vic and
closed firm at 54 Vie.
The cats market showed a steady under
tone. September closed at 26c after having
sold up from 23Kc at the start.
Pro visions were given good support by
packers. September pork is up 7H: lard
gained 2Uc, and ribs closed 2 Vic higher.
The leading futures ranged as follows:
Open. High. Low. Close.
sept, $ .son $ .sm $ .80 $ .S0V4
Dec 82i .82. ,81i .81
May 83 Vi .85H .64 S -SI K
Sept. (old). .54 H .54ft .63Ti -51 H
Sept, (new) .53 Vi .54 Vi .33 Vi .54 Vi
Dec (old). .43 K .46 H .454;' .46
Dec (new) .44H .44 .43 .4fi
May 43T4 .44 Vi .43;i .44
Sept. .25i .20H .25 i .2$
Dec 2(iS .27 .20 H .28 Ti
May 28; .29 .28 H -25 Ti
Sept. 14.53 14.72V4 14.53 14.57H
Oct. 14.5714 H."5 14.57 14.60
Sept, 7.95 8.00 7.95 7.67
Oct 8.02 8.10 8.00 8.02
Sept, S.97 9.03 S.97 8.97
Oct. 9.42 9.12 9.02 9.05
Cash quotations were as follows:
Wheat No. 3 Spring, 90c 0$ 1.03; No. 2 red.
Corn No. 2, 55 Uc: No. 2 yellow.- 35 Vic
Oats No. 2. 25c; No. 2 white, 27c: No. 3
white. 26 Vi 027c
Rye No. 2. 5Sc '
Barley Good feeding. 37037c; fair to
oholce malting, 42047c
Flax seed No. 1, $1.05; No. 1 Northwest
Timothy seed Prime, $3.60.
Mess pork Per barrel. $14.55014.60.
Lard Per 100 pounds. $7.07.
Short ribs sides Loose. $8.90 0 0.
Short clear sides Boxed, $3.87 09.12.
Flour, barrels 36,200 14,000
Wheat, bushels 51.000 103.200
Corn, bushels 316.000 427.800
Oats, bushels 350,700 303.600
T3 k...l.t, J AAA
Barley, bushels..... 6,500 29,600
Grain and Produce at New York.
NEW YORK, Aug. 24. Flour Receipts.
10.336; exports, 17.200; steady but quiet.
Wheat Receipts. 27.000: spot, easy; No. 2
red, S6c elevator and S7c f. o. b. afloat;
No. 1 Northern Duluth. 2 Vic to arrive f. o.
b. afloat; No. 1 Northern Manitoba, SO Vic to
arrive f. o. b. afloat. Early firmness in
wheat today, influenced by frost talk in the
Northwest and the strength of corn, was re
placed later by a cent break under big Ar
gentine shipments and liquidation. The close
was Tic to IVic lower. May closed at S9c;
September closed at &6c; December cloned at
Hops, hides, wool and petroleum Steady.
Grain at Sax Fraaclsoo.
SAN FRANCISCO. Aug. 24. Wheat and
Spot quotations Wheat: Shipping. $L460
1.55; milling, $L5701.67. Barley: Feed.
$101.O3X; brewing. $LO70L1O. Oats: Red,
$1.1501.40; black, $1.40.
Call board sales Wheat: December,. $1.33.
Barley: December, 99lc bid. Corn: Large
MiaoeapoUs Wheat Market,
MINNEAPOLIS. Aug. 24. Wheat Septem
ber, 8Sic; December, SlHc; May, S4Vic: No.
1 hard. $1.C9; No. 1 Northern, $1.07; No. 2
Northern. J 1.04.
Wheat at Liverpool.
LIVERPOOL. Aug. 24. Wheat September,
6s 6d: December, 6s 7d.
Weather in England, fair but cloudy.
Wheat at Tacoma.
TAOOMA, Aug. 24. Wheat one cent lower.
Bluestem. 72c: club, 60c; red. 65c
Dried Fruits at New York.
NEW YORK, Aug. 24. The market for eva
TKiraled annlea la oulft but hnM.ru hv- n
.signs of weakening. Common to choice are
and fancy. Sc.
Prunes are said to be firmer on spot owing
to light susslr but Quotations still rasr from
4V4c to 6c according to grade.
Apricots are pernaps a snade easier In tone,
but show no quotable change. Choice are
held at S0SVic; extra choice, 60S$e, and
Peaches continue quiet with fancy quoted
Raisins are firm with supplies small and
a moderate demand. Loose tnuaate!s are
quoted at 4ti6Ue: seeded raislnc KU.f'n i-
and London layers."$10L15. -
STOCKS Aflf STRONG
Wall Street Ignores Rumor of
Hitch in Peace Negotiations.
NEW HIGH RECORDS MADE
Sensational Advances In Union Pa
cific, Steel Preferred and Read
ing Fear of Corner Later
NEW YORK. Aug. 24. The faith of a large
part of the financial world In a happy solu
tion of the proceedings at Portsmouth seems
to be so strong that It ignored all rumors of
another serious hitch In the negotiations to
day and continued to establish new high rec
ords In the stock market. The issues which
came in for this distinction Included three of
the market leaders. Union Pacific United
States steel preferred and Reading. In Its
auttude the local market had the encourage
ment of London and other European financial
centers where American securities with but
few exceptions were generally strong.
Aside from the situation at Portsmouth,
other considerations such as favorable weekly
retumc by the Bank of England and the
Bank of France were Impelling factors. Lon
don bought liberally here and German bank
ing Interests took a large amount of Penn
sylvania, which it is authoritatively stated
is to be listed on the Berlin Exchange Penn
sylvania was the roost conspicuous feature
at the opening, which was broad. The stock
advanced easily on heavy trading, gaining
not quite a full point. Amalgamated Copper
shared honor with Pennsylvania and greater
gains on smaller transactions were scored at
the outset by Louisville tc Nashville. Colorado
Fuel, Metropolitan Street Railway and some
less prominent lesues.
Prices yielded tome on heavy profit-taking
shortly after the first outburst. Union Pacific
Missouri Pacific St. Paul, Reading and Atchi
son falling below the previous day's closing
prices and the tone of the market became
relatively quiet. The movement in Pennsyl
vania found many followers, however, and
commission houses and traders bought this
stock, also Southern Railway and the United
States Steel Issues. Union Pacific soon re
corded more than Its loss. The strength of
this issue is partly explained by the near
approach or the closing of the transfer books
which may cause the calling of a lot of stock
now out on loans.
It was not until after midday that Reading
once more assumed the leadership, advancing
rapidly on heavy buying of the character here
tofore noted from J 1.15. Its low price In the
memlng, to $1.22. a new high record. For
a time at least, the rest of the list showed
little sympathy with the renewed strength
of Reading and the market again developed
an Irrlgular tendency, until Union Pacific
established Its new high record, from which
attention was again diverted by a fresh ri
in Reading to $12U This sensational move
ment created fears of a corner" and un
settled the general list to the extent of wip
ing out practically all of the day's sub
stantial gains, and In some instances send
ing prices below the previous day's close.
Reading mads a net gain of SVi points. ' Amal
gamated Copper made a one point response
to a further rise In the price of the metal,
the third reported this week, but its gain
was lost In the final decline. Close observers
reported considerable realization throughout
the day under cover of advances In Reading
and Union Paclfl. but under the scare created
by the final movement in Reading offerings
were freely absorbed. The volume of business
was again very large, making the third day
that transactions have been In excess of n
Bonds were Irregular. Total sales, par
value. $3,160,000. United States bonds were
all unohanced on call,
CLOSING STOCK QUOTATIONS.
Sales. High. Low. Bid.
Arnsl Copper.. 71,900 88i 88
Am. Car & F. 900 38 37
do preferred.. 100 101 1014
Am. Cotton Oil. 100 29 20
200 11 Vi
A. H, & L. Bfd
American Ice 000 2S
Am. Linseed Oil
Am. Smlt, & R. 30.900
do preferred. . 300
Am. Sugar Ref. C.900
A. Tob.. pf. cer. 1.000
Anaconda M. Co. 1.000
do preferred . . 500
Atlantic C. L. 1.100
Baltimore & O. 15.600
Brk. Rap. Tran. 25.600
Can. Pacific... 6.100
Central of N. J.
Ches. &. Ohio..
Chicago & Alton
C Gu Western 8,000
C. & Northwest. 300
C M. & St P. . 13.300
C Ter. & Trans.
C C. C & S. L.
Colo. F. -& I...
Colo. & So
do 1st pref...
do 2d pref.. j.
DeL & Hudson 2.300
D.. Lack. & W. 300
D. ti R. Grande. 400
do preferred.. 1.200
do 1st pref...
do 2d pref...
Internl. Pump. ...
do preferred. .
K. C Southern
Louie. & Nash. 12.700
Metro. Securities 13.200
Metro. St. Ry.. 39.100
Mexican Central 3.000
Minn, at St. L. 600
M. S P & S S M. 700
Missouri Pacific 12.100
Mo.. Ka. & T. 4.SOO
do preferred.. 2.600
National Lead.. 2.300
N. R. R. M. pfd. 100
N. T. Central.. 6.400
N. Y.. O. & W. 9.200
Norfolk & West- 14.100
do preferred. . 700
N. American... . 400
People's Gas..-. 9.500
P.. C C & St, L-
Press. Steel Car "500
do preferred.. 100
Pull. PaL Car
do 1st pref.... ......
do 2d pref.... 400
Republic Steel.. 1.100
do preferred.. I.300
Rock Island Co. 8.800
do preferred.. 900
Rubber Goods.. ......
S L & 8 F 2d pf. 200
S. L. Southwest, 600 27
da preferred.. 1.100 64
So. Pacific 23.900 68
do preferred.. 300 119
So. Railway.... 23.300 36
do preferred.. 900 100
Tenn. C. & Iron 7.900 91
Texas & Pacific. 1,300 37
T.. St, L. & W. 200 37
do preferred.. 200 58
Union Pacific... 14.900 138
oo preferred. . 200 OB
U. 8. Express.. .
do preferred.. 200 110
U. S. Steel..... 72.300 37
do preferred.. 3S.700 103
Vlr.-Car. Chera. 400 32
do preferred.. 100 106
S. Rubber.. 1.200 53 52 52
Wabash 3,000 22 22 23
do preferred.. 400 44 43 43
Wells-Fargo Ex 240
Westlnghouse E. 100 170 170 170
Western Union. 300 94 91 93
Wheel. & L. E.. 300 18 18 19
Wis. Central.... 1.200 31 29 29
do preferred.. 300 60 59 39
Total sales for the day. 1.229.300 shares.
NEW YORK. Aug. 24. Closing quotations:
U. S. ref. 2s reg.104 D. fc R. G. 4s
do coupon 104
V. S. 3s reg....l03
do coupon 103
U. S. New 4s reg.133
do coupon 133
N. Y. C. O. 3s. 99
Nor. Pacific 3s.. 77
Nor. Pacific 4s.. 103
So. Pacific 4s.. 93
Union Pacific 4s. 105
U. S. old 4s reg.104H.Wls. Central 4s.. 93
do coupon 104 'Jap. 0s. 2d series 90
Atchison Adj. 4s 09 'Jap. 4s. cer... 90
Stocks at Londoa.
LONDON, Aug. 24. Consols for money,
90; consols for account, 90 13-16.
Anaconda. 6 'Norfolk &. West. 88
do preferred. ..107
Baltimore & O..IIS
Can. Pacific 102
Ches. & Ohio.. 50
C. Gt, Western. 23
C M. & 8t, P.. 192
do preferred... 0415
Ontario i West. 58
Pennsylvania ... 73
Rand Mines 8
Reading y 01
do 1st pref.... 49
do 2d pref.... 48
DeBeers 17 So. Railway 37
D. & R. Grande. 37i do preferred. ..102
jkj. ... -i flou'e. t . .1,. ar --
do 1st pref.... S7
do 2d pref.... 80
Illinois Central. 182
Louis. & Nash.. 155
Mo.. Kaa. & T.. 34
N. Y. Central... 139
do preferred... 100
U. S. Steel 38
do preferred. ..103
Hi do preferred... 45
(Spanish Fours... U2J1
Money, Exchange, Etc.
NEW YORK. Aug. 24. Money on call easy.
Hi2 per cent; closing bid. 2 per cent; offered
at 1 per cent. Time loans easy and dull;
CO and 90 days. 3fJ3 per cent; six months.
4 per cent. Prime mercantile paper. 4tJ4
Sterling exchange easy, with actual business
In bankers' bills at $4.803094.6065 for demand
and at $4.S473 for CO days. Posted rates,
$4.S534.87. Commercial bills. $4.84
Bar silver. 01c
Mexican dollars. 40c
Government bonds steady; railroad bonds Ir
regular. LONDON. Aug. 24. Bar silver, steady.
25 7-164 per ounce. Money, 1 per cent. The
rate of discount In the open market for short
bills, 1(?1 per cent. The rate of discount
in the open market tor three months bill,
l?t81 cer cent,
SAN FRANCISCO. Aug. 24 Sliver bars.
61c; Mexican dollars, nominal. Drafts, sight,
3c; telegraph, 6c Sterling on London. 60
days. 4.5lc: sight, 4.87c
Dally Treasury Statement.
WASHINGTON. Aug. 24. Today's statement
of the Treasury balances In the general fund,
exclusive of the $160,000,000 gold reserve
Available cash balance .
Gold coin and bullion
HAY MARKET OVERSTOCKED
SAX FRANCISCO WAREHOUSES
FUIiIi TO OVERFLOWING.
Dealers Take an Unfavorable View
of the Future Wheat Weak
ened by Northern Offerings.
SAN FRANCISCO. Aug. 24.-(Speclal.)-Whlle
the local market for leading feedstuff!
Is very firm, with bran quoted at $22.50-323.50,
middlings $26?29. nd rolled barley $21023.
the bay market is overstocked with ordinary
grades and Wry weak. Leading hay dealers
take an unfavorable view of the future, and
say there Is enough hay still out of doors
to keep this market overcrowded for the next
two months. All the local hay warehouses
are full to overflowing.
The option market here for wheat Is still
being weakened by large offerings of Northern
grain far future delivery. December fell to
$1.32. with very little rally. Qash wheat'
was ea-iy, following futures. Barley continued
to strengthen. Available receipts were light.
Grain freights at this port are Inactive and
Grapes attracted Increased atentlon In the
fruit market. Arrivals were light, and choice
muscat, black and tokay. brought full prices.
Seedless were scarce, owing to light rains In
the principal growing districts. The first
Isabella grapes of the season arrived, and sold
for $1 per crate Choice peaches, plums, pears
and apples and all citrus varieties were firm.
Receipts of potatoes were much smaller, and
the market remained steady. Sweets were
lower, with liberal offerings. The onion mar
ket was -steady.
Butter was firm. Cheese was quiet. Eggs
were easy; Receipts, 78.300 pounds butter.
62.400 pounds cheese. 30.210 dozen eggs.
VEGETABLES Cucumbers. 20230c: garlic,
66&c; green peas.2G0c; string beans. 1
7c; tomatoes. 7 Set? 1.25; okra, 60-8 75c; egg
POULTRY Turkey gobblers. 19S21c; roost
ers, old. $434.50; rooster, young. $4.6005.30;
broilers, small. $2?2.50: broilers, large. $2$
2.60; fryers. $333.50; fryers, young, $3-4. ,
EGGS Store, 16323c; fancy ranch, 30c;
BUTTER Fancy creamery, 20c; creamery
seconds. 23c; fancy dairy. 22c; dairy seconds,
WOOL Spring. Humboldt and Mendocino. 23
630c; San Joaquin. 12gl5c; Nevada. 13819c
MILLSTUFFS Bran. $22.50623.50; mid
HAY Wheat. $7813.50; wheat and oats. $0
12.60; barley. $039: straw. $09; clover. $79
10; stock. $4.500; straw. 30050c per bale. '
POTATOES Salinas Burbanks. 90cfJ$1.15;
CHEESE Young America. ll12c; East
FRUITS Apples, choice. $1.23: common. 40c;
bananas, $ig2; Mexican limes. $3.50UO; Cali
fornia lemons, choice. $4.60; common. $2;
oranges, navels. $284; pineapples. $1.753.
HOPS 1 0 1 9c per pound.
RECEIPTS Flour, 8360 quarter sacks;
wheat, 500 centals; barley. 4274 centals; oats.
1000 centals, beans. 10 sacks: potatoes, 32SS
cacks; middlings. 60 sacks; hay. 1212 tons;
wool. 31 bales; hides. 722.
SAN FRANCISCO. Aug. 24 The official
closing quotations for mining stocks today
were as follows:
Alta $ .03iJustlce $ .04
Alha Con....... ,05Kentuck Con 01
Andes 22Mexican 1.13
Belcher lS.OccIdental Con.. .87
Bst &. Belcher.. l.I3Ophlr
Challenge Con.. .17
Con. CaL & Vs.. 1.15
Crown Point 07!
Gould & Curry.. -Ill
Hate Sc. Norcroas 1.231
Union Con.. 44
Utah Con 04
Yellow Jacket... .13
NEW YORK. Aug. 24.-ClosIng quotations:
Adams Con $ .23
Con. CaL & Vs.
Little Chief $ .03
Potosl , 03
Sierra Nevada. . . .29
Small Hopes 30
BOSTON. Aug. 24 Closing quotations:
Adventure ....$ 0.25Mont, C tc C..$ 3.30
33.73'Old Dominion. 20.50
uocroia ....... jii.au
Bingham . ...
CaL &. Hecla..
Isle K ovale....
MasSL Mining. .
u. h. awning.
U. S. Oil 10.33
Victoria ' 4.73
Wolverine .... 123.00
Wool at St, Louis.
ST. LOUIS. Aug.-24. Wool Steady: medi
um grades, combing and clothing. 29f31c;
light fine. 2120c; heavy fine. 13822c; tub
Downing, Hopkins & Col
WHEAT AND STOCK BROKERS
Room 4, Ground Floor Chamber of Commerce
OREGON HOP CROP
M. H. Durst Estimates It at
80,000 to 85,000 Bales.
CAUSE OF THE SHORTAGE
Almost Entirely a Top Crop Without
Hops Under the Foliage Un
even Development of Yards.
Looks for High Prices.
ALAMEDA. Cal.. Aug. 24. (To the Editor.)
I have Just returned from my annual trip
over the hop districts of the Willamette Val
ley. I spent four full days driving over the
country with Mr. H. L. Beuts. We took in
the following places and district: Wood
burn. Mount Angel. Silverton. Howell Prairie.
Brooks. Salem, East Salem. Independence.
RIckreall. Dallas. Bolston. Whlteson, McMmn
vllle. LaFayette. Dayton. North Yamhill.
Carlton. Newberr. Chamfoeg, Buttevllle. Hub
bard and back to Woodburn. The territory
covered grows nearly seven-eights of the crop
of Oregon. We talked with growers, dealers
and disinterested parties; we Saw some of the
best and many of the poor yards.
My opinion us that If ,Oregon harvests an
many hops as last year it will be all she
can do, under the most favorable conditions.
I think the crop will be from 80.000 to 85.000
bales If the weather does not turn more
unfavorable. There Is the best growth of
vines, taken ae a whole. I have ever been
and before the bloom came out and the liee
ravaged the yards It must have promised a
Estimated of 110.000-120.000 bale a month
ago might have been Justified: but today it
Is different. Like last year this will be a
season for bottom land yards. These are
perhaps one-sixth of the total acreage. Owing
to the dry weather the conditions have been
very favorable to bottom land yarda, and
this largely accounts for the exceptional con
ditions In the Independence district. Mr.
Rose has the best yard I saw In all the trip,
and Mr. Ottenhelmer' yard comes next. They
are yards that will do credit to the owners
and L congratulate them on their good pros
pect?. There are. of course, other good yards
many of them but the majority of the yards
we saw were blighted, come ruined, some
to the extent' of half the crop, but all to
some extent. I should say that the best yards
we w would not grow an excessive crop,
probably 1600 to 1700 pounds per acre as
against 20 per cent more grown formerly.
The upland yards many of them looked very
poor. The lice and the continued heat and
dry weather have sapped the vitality of the
vine, and the continued dry weather will not
help them. An Inch or so of rainfall fol
lowed by 'warm and dry weather would help
the hops to All out. but continued wet weath
er would be disastrous. If the weather clerk
should try to moke up In September the de
ficit of 12.3 Inches, he would be doing the
hopgrowera a great Injury.
The crop Is almost entirely a "top crop."
Few arms are well fruited. No hopa are un
der the tollage. When picking begins we will
most probably hear a universal) cry of "short
crop." Another bad feature Is that In many
of the best yards are blooms, burrs and hops
In all etages of development. How many of
these will reach maturity Is a question only
time can -tell. It seems to me that the hops
will not begin to be as good as hoped for.
Some eay the small vines blossomed too early,
and that many hops were unfertilized. This
would mean few seeds and light fluffy hops.
The prune crop, the fruit crops and the farm
crops have been almost a failure In the Will
amette Valley this ason.
It Is not reasonable to suppose that the
climatic conditions, pests, etc.. which caused
these crop shortages will also effect the
I can see no need for the long-drawn out
exclamations some of the dealers are Indulg
ing In about big crops and low prlcea. Why
are most dealers so anxious to predict "big
crops" and low pricea? It does not alter the
ultimate yield one bale, nor does It effect the
There is not a dealer In Oregon who does
not pretend to be the "hopgrowers friend"
and yet there la hardly a dealer, with one or
two exceptions, who Is not ranged on the
"bear side" of the market and le glibly pre
dicting "bumper crops' and low prices. As
I heard it stated several times "the dealers
are all against the market." Why should
they be,- and why should they be so wolflshly
glad when they think growers "can be forced
to accept low prices? It seems to me that
the genuine hopdealer. as distinguished from
the gambling speculator, would rather see
high prices than low prices.
Of course we all know why many dealers
bear the market. It 1 merely so they can
load up on low prices. When they get all
they can "carry." then they are ready for
prices to go up. and things look different to
them then. Some of. them grow horns and
we call them "bulls." When their stocks
are sold, or1 their bankers call for cover and
force them to realise, then they eell out and
"pocket their losses." and their horns begin
to grow out again from In front of their ears.
I have heard It said by some growers that
they believed some of these fellows (devils,
they said) have perhaps rudimentary tails and
cloven hoofs. Anyway this changing from
bull to ba.r. and bear back to bull Is &
trying business for growers to keep track of.
Personally. I am friendly to all honest legiti
mate hopdealers. I have never sold a bale
of hops to a brewer In my life. I am will
ing to have dealers make a good fair com
mission off our hops. I do not think, growers
should cultivate an antipathy to dealers. But
we certainly do not want to be enslaved by
a class of dealers who are not straight com
mlssion men. but who many times make
their money by "doing up" the grower.
I believe the dealers who will stand up for
straight above-board business with the hop
grower is the hopffrowers" friend. While the
other fellow who Is always trying to "work
the grower" into selling cheap by peddling
out to him false reports about crop outlook
and what other growers are doing, should be
shunned by all self-rtepectlng growers. The
Oregonlan's late advice to hopgrowers on one
of this last class of dealers promises to be
useful and t trust the Oregon and Washington
growers will bear It In mind for their own
It will be Interesting for hopgrowers tonote
that estimates are being reduced on the New
Tork crop. Weather conditions are bad there.
Last year's crop -was almost a phenomenal
one. There Is every reason to expect a much
lighter crop this season than last.
It seems to me that at this etage of the
crop the outlook Is that we will not grow
within 30.000 to .35,000 as many bales In
the United States as we had last season, and
unless the weather remains grand In September
In Waohlngton. Oregon and New Tork. we
may even grow 60,000 to 70,000 bales less.
We are not "out of the wooda" by any means
Why should any one get nervous and anxious
to sell even ;1904's now? Is It not almost
the universal experience that hops are lower
in July and August than at any other time?
The exceptions are so rare as to prove the
rule. Is it not true that in 1902. 1903 and In
1904 hopa were lower In July-August by five
to' ten cents per pound than they were In
September-October? The advance Is not o
apparent this season because the change In
the crop conditions from good to bad came
30 to 45 days later this season then last: but
the chanre is coming as fast as It can and
within the next 30 days we will have ocular
demonstration that the 19C5 crop is even small
er than either of the last two crops.
The talk of 15 to 16 cents for 1005 crop un
der present conditions Is ridiculous. The
grower who sells at such a price will regret
It later on. If It was not that nearly every
dealer In the trade Is hammering prices down
as hard as he can. which means that many
have eold short and wish to cover as cheap
ly as possible. 1005 hops contracts would be
quoted at 20 to 23 cents per pound and 1004
hopa at 25 cents and upward.
It seems to be generally conceded that few
er hops are contracted this season than usuat
by growers to dealers, also that dealers have
more hops sold short than usual. If these
conditions are true we will necessarily have
an active early market.
If crops turn out as it now seems probable,
the new crop will start at 20 cents or mare,
but It will not stop there long and 25 cents
will be only a moderate price again this
season. m. H. DURST.
Prices Quoted Locally for Leading Lines
The following prices on livestock were
quoted In the local market:
CATTLE Best Eastern Oregon steers, ZQ
3.25; good cows. J2S2.50; common cow.
1.501.75: calves. 125 to 150 pounds, ?3;
200 to 250 pounds. $3.504.
SHEEP Best Eastern Oregon and Valley,
33.254J0.30: medium. S3; lambs. S4.604H.73.
HOGS Best large fat hogs, S6.50Q8.73:
block and China fat S00.25; good feed
Prices Current at Kansas City. Omaha and
CHldAGO. Aug. 24. Cattle Receipts
9000, Including 2000 Westerns. Market
steady to strong. Good to prime steers.
$5.30 0; poor to medium. $4 5.30; stoqk
ers and feeders, $ 2.25 g 4.33; cows. S2.30
4.00; heifers. $2.233; canners, S1.502.40:
bulls. 32.234; calves, J37; Texas fed
steers. 33.404.30; Western steers. $3.30 S3.
Hogs Receipts today, 15,000; tomorrow.
20,000; market 20c lower. Mixed and butch
ers. $3.75G.3o; good to choice heavy. $3.10
0.30; rough heavy. $3.73 0; light. $5.00
G0.40; bulk of sales. $5.0500.30.
Sheep Receipts 13.000; sheep and lambs,
steady to strong. Good to choice wethers,
$5.253.50; fair to choice mixed. $4.50j
5; Western sheep. $4.503.40; native lambs.
$3.507.30; Western lambs. $07.60.
SOUTH OMAHA, Aug. 24. Cattle Re
ceipts 2000; market steady. Native steers.
$4.S55.75; cows and heifers, $2.7504.40;
Western steers, $364.50; Texas steers, $2.73
3.83; cows and heifers. $34.43; canners.
$1.50 2.50; stockers and feeders, $2 Q 3.50;
calves, $2.7505.30; bulls, stags, etc.. $24.
Hogs Receipts 8500; market steady.
Heavy. $3.S05.05; mixed. $5.8505.90; light.
$3.000.10; pigs, $3 $5.75; bulk of sales,
Sheep Receipts 3000; market 10c higher.
Westerns, $5.3005.00; wethers. $3(3' 5.23;
ewes. $4.505.S0; lambs. $6.30 7.23.
KANSAS CITY. Mo.. Aug. 24. Cattle
Receipts 10.000; market steady. Native
steers, $4 3.75; native cows and heifers,
$ 1.73 5. 23; stockers and feeders, $2.13
3.75; bulls. $2.233.30;. calves, $2.50 3.75;
Western steers. $3.40 4.50; Western cows.
Hogs Receipts 0000; market steady tc
strong. Bulk of sales. $8.030.20; heavy, $e
0.10; packers. $0.Q50.23; pigs and light,
$0.05 S 6.27
Sheep Receipts 5000; market strong.
Muttons, $i.405.65: . lambs. $3.75 3.05:
range wethers. $4.505.S5; fed ewes, $4.3
NEW YORK. Aug. 24. Tin added to Its
recent gains In the London market, closing
at 152 7s Od for spot and 151 17s for
futures. Locally, buyers did not seem to .be
following the advance to any considerable ex
tent, but holders were firm and spot was
quoted at 33.3533.55c
Copper continues strong. A gain was re
ported from the London market which closed
at 72 5s for spot and 72 for futures. Local
ly lake and electrolytic are quoted at 10.00
10.50c; casting at 15.024O16.12VaC-
Lead shared in the general advance aboard,
closing at 14 Is 3d and locally spot Is now
quoted at 4.554.00c
Spelter continued quiet In the local market,
with spot quoted at 3.6305.75c, but was high
er at 125 In London.
Iron was firm to higher abroad, closing ' at
50s Od tor Glasgow and 47s 9d for Middles
boro. Locally the market is firm In tone and
some dealers are holding Southern grades tor
3. little higher prices. No. 1 Northern foundry.
$16.2517; No. 2 do. $15.7510.50: No. 1 rdo
Southern, S10.2510.75; No. 2 do do. S15.50
Yakima Sheepmen Make Big Purchase.';
Coffin Brothers, the big sheep breeders and
dealers, of North Yakima, recently bought
14,000 head of sheep of John McCreedy and
4000 head of Dan Goodman, at $2.50 per head
all round for ewes, wethers and Iambi, says
The Dalles Chronicle. These sheep will ,be
delivered about September 1. when they will
be driven to their big ranch in Chelan Coun
ty, bought last Summer. This will make a
total of 25.000 sheep on this farm, where
they will be fed this Winter, and next Sum
mer they will be put out on the range. They
use Cotswold rams almost exclusively In their
extensive breeding flocks.
Coffee and Sugar.
NEW YORK. Aug. 24. The market for cof
fee futures closed steady, net unchanged to
10 points higher. Total sales were reported
of ICS, 250 bags. Including September. $7.20
7.25; December, $7.557.60; January, 7.03;
May, $7.80; May. $7.907.95, and July, $3.03.
Spot Rio steady. No. 7. THc; mild, steady.
Sugar Raw. ffeady; ifalr refining, 3"-ic;
centrifugal 90 test. 3 3-323c: molasses su
gar, 34,c; refined, steady; crushed, $0; pow
dered, $5.40; granulated. $6.30.
Dairy Produce In the East.
CHICAGO, Aug. 24. On the Produce Ex
change today, the butter market was steady;
creameries, 1721c; dairies, 1018VsC.
Eggs steady at mark, cases Included, ZiQ
Cheese Strong, 104llic.
NEW YORK, Aug. 24. Butter, eggs and
New York Cotton Market.
NEW YORK. Aug. 24. The cotton market
opened firm, unchanged to seven points higher
and closed at the lowest of the session. Au
gust, 10.71c: September. 10.72c; December,
11.00c; February, 11.19c; May. 11.05c
Sues Over 3fap Infringement.
T. J. Geisler, attorney for Colin "H.
Mclsaac in the suit brought by him
against A. Humllsch and the J. K. Gill
Company for alleged Infringement of
copyright, states that the J. K. Gill
Company Is Involved In the case only
Indirectly. Humllsch published a map
of the streets of Portland -which the
complainant claims is modeled on one
Issued and copyrighted by him. The
firm of stationers had the Humllsch
maps on sale and so are necessarily a
party In the case, but Mr. Gill states
that he had no knowledge otvthe maps
made by Mclsaac, and he has volun
tarily withdrawn the maps from sale
since being informed of the alleged In
fringement. Mclsaac claims that Humllsch Is not
the only offender and-yesterday filed a
complaint against Alvln S. Hawk on
the same charge. In this case the J- K.
Gill Company Is also Involved, but only
Incidentally, according to Mr. Geisler.