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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 29, 1907)
I TUB MOKJMWix unBUUMAJS, TUESDAY, OCTOBER 29, 1907. 17 HOP MARKET FLAT Demand From the East and Europe Falls Away. . BREWERS WILL NOT BUY Overproduction Makes Itself IFelt Unusually Early In the Season. Stocks on Hand on the Pacific Coast. The hop market, after a brave show of strength for a rood part of the month, has again flattened out. The demand, both from the East and Europe, has fallen to mall proportions, and with holders offering freely all along the Coast, a weakened con dition has become- inevitable. It may be that something will occur later to help the market, but as things stand today It must be acknowledged that the prospect Is not bright. This may not be palatable news for the hopgrowers, but the fact speak for themselves. October, which Is regarded as the busiest month of the year in the hop trade, is now almost gone and there Is left on the Coast approximately ieT.500 bales of hops of the 190T crop, as follows: , Oregon . . . , California . nro.hln rrtn-n 100.000 60,000 " " 17.300 Total .167,500 Ttii. 1T.Kw hales is not the only weight on the market, as about SO.000 bales of last year's crop remain In growers or dealers hands In the United States. This great amount of hops would not look so alarming. In view of the yearly re quirements of the brewing trade, but for the fact that the brewers profess to be amply stocked with hops of prevlou years' growths. Whether they are actually sup plied as well as they say Is something only the brewers themselves know, but it Is a fact that the Eastern dealers are pestered by Paclflo Coast dealers ottering hops, yet no business results. It Is malt that the brewer Is worrying about now. rather than hops, according to the reports sent in by hop traveling men. With the American barley crop 81.000,000 bushels short of that of 1908 and 1 per cent lower in quality, the brewer has something else to think about, evidently, than hops. The financial condi tions In the East are another factor that has to be reckoned with. If there were fair chances of hop prices advancing, there would certainly be specu lation In the market. Last year the strong est bull manipulative movement ever un dertaken In the hop martoet was carried on by Paul R. G. Horst. but it was unsuccess ful, as everyone knows. Prices eventually tumbled because there were too many hops, "and but for Horst's strong buying they would probably have tumbled sooner. This year there are no Horsta to boost prices. The law of supply and demand. In spite of all manipulation, is certain, sooner or tn nniki Itself felt. Last year the enforcement was delayed, but this year it has come sooner. It Is the customary thing for growers to blame dealers for bringing about low prices There are certainly some short sellers in the trade who would be Interested in seeing low prices, but these shorts most assuredly can not b controlling all the big dealers In the worm, ana meee Dig uomci n, wn.u iwuuij .TMnHATi Iiilva forecasted low rrlces for this season.. ' Every candid observer must acknowledge that what the world's hop trade Is suf fering from is overproduction. The evil is the direct result of the high, prices of a few years ago which Influenced American growers to extend greatly their hop acreage. Short selling, which the keenness of compe tition in the trade has produced. Is but a aide issue. The growers themselves are to blame for the overproduction and they can only right the market In future years by crowing fewer hops. Most of them realize this, but they want the other fellow to do It. IRONMONGER'S VIEWS ON HOPS. Gay the Consumption In Europe Decreasing. Practically no encouragement for an im provement In the hop market Is held forth to the growers by Thomas Ironmonger, who s regarded as one of the best posted hop men In London. Mr. Ironmonger, who Is secretary of the English Hopgrowers' As sociation, in a letter received by Isaao Plncus & Sons, of Tacoma, says that brew ers in England are heavily stocked with hops. After discussing the size and quality ot the English crop and the 'unsatisfactory opening of the market, Mr. Ironmonger writes: The main, question is: Do the brewere want the hops? There Is a certainty that the consumption of hops in England la decreasing, and I think the same move ment Is taking place throughout Europe. ' The other day I went through some cold hop stores which were, tilled completely, and when I asked to whom the hops be longed. I was told that over three-fourths of them had been long ago sold to brewers, who did not yet require them. This, I con sider very significant, and putting; together II T ViawA - n. hH.X T am null. PDBV to agree with you that the outlooa favors the continuance ot low prices during the (uimlnv i on vear. I am frequently blamed by growers when I put these apparent facts In the columns of the Mark Lane Express, to which I con tribute a weekly report on hops and the trade. But I tell them that nothing can be gained by concealing the truth, which must prevail; though It Is frequently un palatable. Some growers believe that by making a noise they can regulate the sup ply and demand, with their everlasting re sults; therefore I am not altogether popular with them, although occasionally one has the honesty to admit that I am rlsht and that It would have been more profitable If they had followed my lead. However, I am satisfied that facts will beat theories In the long run, and shall persevere In my course without bias, desirous as I am to assist our growers by all legitimate means. SOT MUCH POULTRY IX COUNTRY Present Receipts Indicate Supplies Are Be ing Cleaned UP. Receipts of poultry yesterday were some what larger than is usual on Monday, but the demand was fair and they sold within the previous range of prices. The indica tions are that supplies In the country are being well cleaned up and that prices will be good during the remainder of the Winter except for occasional brief periods when there may be an excess of receipts. The poor quality of the chickens coming to hand shows the cleanlng-up process on the farms. There were better receipts of eggs yester day, but the demand waa active and the market was firm. The city creameries report a steady but ter market and the dally make Is disposed of without trouble. On Front street, on the other hand, the tone is weak with the sup ply heavier than the demand. ONIONS FIRM AND POTATOES WEAKER 2To Trading Reported Under Way In the Former Product. There were no new developments In the onion market yesterday. No business was rnnnrti4. HftmiiflA thai oi-na. 4ii-a a sell. The buyer who on Saturday made a bona fide offer of J 2. 50 for 50 carloads made the statement yesterday that he would pay Tea more for 100 cars If he could get them. This shows his faith in the future or the onion market. The potato market was quoted weak with SI as the top. Idaho Is reported to be shipping heavily to Los Angeles, where it Is said the Idaho potatoes can be laid down at $1.20 per hundred. Potatoes are selling now at 70 cents f. o. b. Idaho Falls. It is said there are over 1000 cars in that sec tion to be disposed of. The only outlet for them is Texas. Arizona and Southern Cali fornia points. As for the alleged shipments being made from Idaho and Eastern Oregon to Kansas City. It might be remarked that the Kansas City market is quoted at $1.15 and as there is a freight rate of 70 cents, the supplies would have to be bought around 45 cents for the shipper to come out even. As the growers in the section named are asking 70 and 75 cents, It is difficult to see how such business Is possible. Weekly Grain Statistics. The weekly grain statistics of the Mer chants Exchange follow: American visible supply Increase. 371.000 S9.000 1.12D.00O 1.840.0OU 189.000 2.264.000 1.311.000 1.4BO.OOO 1.000,000 628.000 Oct. 28. 1B07 Oct. 2n. l'jOt) Oct. .30, 1003 Oct. 31, 1004 ... .42.243,000 37.O76.O00 . .. .28.330.01 K) . . . .2U.41I8.O00 Oct. 28, 11HJ3.. 22.374.000 Oct. 27. 1902 . 20.018.000 Oct. 2S. 1001 40.704.000 Oct. 2, 11)00 59.773.000 Oct. 30. 1899 48,562,000 Oct. 81. lel'S I5.47o.000 Docrease. - Quantities on passage Week Week v ending ending Week ending For Oct. 26 Oct. 19. Oct. 27-06 United King. .15.840.000 15.840,000 12.800.0Oy Continent .. .13.440.000 18.OSO.000 17,360,000 Total 31.280.000 31,920.000 80,160,000 World's ' shipments principal exporting (flour included) countries Week Week Week ending ending ending Oct. 23 Oct. IB. Oct. 27-00 4.70S.OOO 4.944.000 8.188.000 From U. S. & Can. Argentine . . Australia ... India 512.000 820.000 548.000 480.000 280.000 1.120.000 1.312.000 3.112,000 80.000 240.000 1. 664 .OOO S, 280,000 l.lSS.OOO Danublan p'ts 1.024.0O0 fiusma 2,880,000 Total ...10,090.000 11,316,000 10.932.000 Fruit Trade Is Slow.. "The fruit trade was without feature yes terday. Business waa only fair In the tore noon while the rain in the afternoon further checked buying. Supplies generally were light. Grapes were quoted steady at last week's prices. A greater variety of ap ples Is being offered, but the movement Is slow. A full car of California walnuts was received. Wheat Weak and Dull. The wheat market was easy In tone yes terday, and prices quoted were one cent lower all around. Buying was reported light. Oats and barley were quoted firm. Bank Clearings. , CTearings of the Northwestern cities yes terday were as follows: Clearings. Portland $1,393,977 Seattle 1.965.370 Balances. $183,667 263,691 64.649 95,170 Tacoma 1,035,042 Spokane 1,435,022 PORTLAND QUOTATION-. v . Grain, Flour, Feed, Ete. MILLSTUFFS Bran, city, $20; country, $21 per ton; middlings, 127.50; shorts, city, $22; country, $23 per ton; chop, $1618 per ton. WHEAT Club, 87c;'bluestem, 89o; Valley. 87c; red, 85c. OATS Producers' prices: No. 1 white, $29 50; gray. $29.50. ' FLOUR Patent, $4.95; straight. $4.40; clears, $4.40: Valley. $4.40: Graham flour. $4.25io4.75; whole wheat nour, $4.5005: rye flour. $3 50 BARLEY Feed, $28.50 per ton; brewing, $30; rolled $3031. CEREAL FOODS Rolled oata cream, on. pound sacks, oer barrel. S8: lower rrmliii. $0.50 7 50; oatmeal, steel-cut, 45-pound sacKs, s.au per barrel: B-pound sacks, $4.60 per bale; oatmeal (ground), 45-pound sacks, $8 per barrel; 9-pound sacks. $4.50 per bale; spilt peas, per 100 pounds, $4.254.80; pearl barley, $44. 50 per 100 pounds; pastry flour, 10-pound facks. 12.60 Der bale flakil who. $3-26 pel case. CORN Whole, $32; cracked, $3S. HAY Valley tlmothv. No. 1. JITBU ton; Eastern Oregon timothy. $23; clover. $18; cheat. $13; grain hay. $131314; alfalfa, $1314. Vegetables, Fruits. Etc DOMESTIC FRUITS Apples. lllHiKft nar box; cantaloupes, $1.0001.50 per crate; peaches, 60c a $1 per crate; watermelons, lo pound; pears. $11.75 per box; grapes, 75c $1.75 per crate; quinces, 50c(J$1.00 per box; huckleberries. 7a8e Der nound: cranberries. $10 10.80 per barrel. TROPICAL FRUITS Lemons. $5.50 OT Per box: oranges. Valenclas. X3.7nr4 7. grape-fruit,. $4.50; bananas, 50 per pound crated, 54c; pineapples, $4.50 per dozen; pomegranates. $2.25 per box. ROOT VEGETABLES Turnips. $1.25 per sack: carrota Si. 25 Tier fMolc: beets. SI 25 nr sack: garlic 8c per pound. FRESH VEGETABLES Artichokes flOflft ?5o per dos.; cabbage, llc per pound; cauliflower. 25 $ 1.00 per dozen: celery, 50c 11.00 per dozen: corn. 85c $1.00 ner sack; cucumbers, $1 per sac!:: egg Plant. Sl'rfl.fiU Der erntflt lettuaa. nnlhnnx. $1.2591.60 per box; okra. . 10 12o pound; onions, 1520c dozen; parsley. 20c Der dozen; peppers, 817o per pound; pump kins, 1 lc per pound; radishes, 20c per dozen; spinach. 6c per pound: squash. l144a per pound; tomatoes, 2550o per box. ONIONS Buying price, $22.60 per sack, DRIED FRUITS Apples. 808US oer pound; apricots, 1619c; peacnes. 11013o; pears, lite 14c; Italian prunes. 2H6o; California figs, white. In sacks. (etUo per pound; black, 4Vi05c; bricks, 75c $2 25 per box. Smyrna. 18tt20e per pound; dates. Persian. AHflrTc per pound. POTATOES Ttnvlnnr Tiriz.es. AflcriS1 nMF hundred, delivered Portland: sweet potatoes, 2 o per pound. Batter, Eggs, Poultry, Etc. BUTTER City creameries: Extra cream ery, 85c per pound State creameries: Fancy creamery, 30635c; store butter, 17H0Z2O. 22c. CHEESE Oregon full cream twins. IToi Young America, 18o per pound. v &AL 70 to 123 Pounds. 8O80: 125 to 150 pounds, 7Hc; 150 to 200 pounds. 670- i-uk. fiiocK, 70 to 160 pounds. iv.un So: packers, 77tec. POULTRY Average old hens. 124 miac: mixed chickens, 1212i4c; Spring chickens. 12jl2Hc; old roosters, 89c; dressed chickens. 13 14c; turkoys. live, old, 16c; young, 18c; turkeys, dressed, choice, nom inal; geese, live, per pound. 9Zrl0c: ducks. 14c: pigeons, SIS 150; squabs, $2S. lccjus Fresh ranch, candled. '85c tier dozen; Eastern, 27 ft ft 30c per dozen. Hops. Wool. Hides. Ete. HOPS 1907, 7Val0o per pound; olds, 49 4 He per pound. WOOL Eastern Oregon, average best, 11 0 22c per pound, according to shrinkage; Valley. 20cg22e. according to Oneness. MOHAIR Choice, 29 30c per pound. CASCARA BARK 5Vi6o per pound; car lots, 7c per pound. HIDES Dry, No. 1, 16 pounds and up, 15o per pound: dry ktp. No. 1, 5 to IS pounds, 14o per .pound; dry calf; No. 1, under 5 pounds. ISc; dry salted, bulls and stags, one-third less than dry flint; culls, moth-eaten, badly cut, scored, murrain, halr-sllpped, weather-beaten or grubby, 25? 8c per pound leap; salted steers, sound, 60 pounds and over, 77fto pound; steers, sound. 50 to 60 pounds, 7o pound; steers, sound, under 50 pounds, and cows, 70 pound; stags and bulls, sound, 55Ho pound; kip. sound, 13 to 80 pounds, 7c pound; veal, sound under 10 pounds, luc; calf, sound, under 10 pounds, ll12o pound: green (un salted), lc pound less; culls, le pound let,a; FURS Bearskins, as to else. No. 1, $5tf 20 each; cubs, $18 each; badger, prime, 25a 50c each: cat. wild, with head perfect, 8030c; cat, house. 620c; fox. common gray, large prime. 6070o each: red. $8t each: cross. $515 each; silver end black. 100F300 each; fishers, $58 each; lynx, 4.608 each; mink, strictly No. 1. accord ing to size. $13 each: marten, dark north ern, according to size and color, $10 18 each; Pale, pine, according to size and color, ti 50r4 each: muskrat. large. 12 15c each: kunk. S040c each; civet or pole- c!f 5';neaenJ otter- toT ,arK. Prime ekins. BG 10 each; panther, with head and claws perfect. $2 5 each: raccoon, for prime, large. 6075c eacn; wolf, mountain, with head perfect, $3.605 each- Dralrla (coyote), eocffil.00 each: wolv.rlna, P6 8 New York Cottoa Market. NEW YORK. Oct. 23.' Cotton futures closed barely steady. October, B.85o; No vember. O.SSc; December, lO.08c; January 9.89c; February 8 83c; March. 9.8Ac- April' BHSc: May. lTj.oOc: June. 10.01c: July' 10.03c; August, 9 Tc. Wool at St. Louis. ST. LOUIS. Oct. 28. Wool, steady; terri-' tory ana western mediums. 2025c; Has lucuiuju, xuidc; nne, LidiM STOCK TRADE LIGHT Business on a Small Scale and Prices Higher. - BUT CLOSE IS IRREGULAR Dissolution of Bankers .Pool Causes General Readjustment of Loans. Rise In Price- of Copper on , Heavy Foreign Buying. NEW YORK, Oct. 28. The stock market was in & condition resembling suspended animation at times today, owing to the re straints placed upon the flow of banking credits. The higher range of prices pre vailed In spite of the scanty volume of the transactions, and was an expression of the confidence generally felt that the financial crisis Is now under control. This Influence, derived from the general situation, waa modified to some extent by the readjustment of loans on the stock ex change, necessitated by the dissolution of the bankers' pool, which supplied $30,000,000 to be loaned on the stock exchange last week. The result was some dislocation In the existing arrangements, which produced an effect on prices of stocks, late in the day. The dissolution of the bankers' pool was deolded upon hecause the plan to Is sue clearing-house certificates waa consid ered to have done away with the require ment for it. This was a matter the Im portance of which was considered strictly localized in the stock market, and It did not modify the feeling of relief over the measures taken for meeting the crisis In Its larger field. In parts of the country where currency Is In active circulation now In the movement of crops, the greatest disturbance occurred, the wheat market being one ot its reflections. Another development which came Into in creased promtnence today, is the heavy for eign purchases of copper, which have been going on and which have wrought a re covery from the long-continued decline m that metal. Prices were marked up lo per pound, both in the bid and asked prices at the New York metal exchange today, and there was a violent rebound in the London copper market. The foreign demand ror copper la reported to continue on the rising prices and reports from the copper trade to day alleged a substantial reduction In the surplus domestic supply as a consequence. This is accepted as an important Index ot a basis having been reached for new business in the copper industry, -and the additional supply of exchange It promises gives en couragement of the confidence that the gold import movement, now Inaugurated, will amount to large additional sums over those already engaged, which have reached $18,000,000. London and Continental discounts rose in response to our takings of gold and the Continental exchanges turned strongly In favor of London. The Bank of England did not officially advance Its discount rate, but was reported to be making no discounts under s per cent. The stock market closed irregular. Bonds were irregular. Total sales, par" value. $3,804,000. United States bonds were unchanged on calL CLOSING STOCK QUOTATIONS. Closing Low. Bid. Sales. Adams' Express) Amal. Copper ... 38,200 Am. Car & Foun. 4,700 do preferred .... 100 Am. Cotton OH... 1,200 do preferred . . . Am. Express Am. Hd. & Lt pf. 200 American loe .... 2.000 Am. Linseed Oil. 300 do preferred Am. Locomotive ., 1,300 do preferred afto High. 83 25 37H 86 8 85 102 65 81 i 75 8S 63 i 8114 Am. Smelt. & Ref. 15,000 do preferred . . 1.100 8644 Am. Sugar Ref. . Am. Tobacco ctfe. Anaconda Min. Co. Atchison 1,000 104 1 800 66M 8.400 83I 6,600 - 77 800 . 88 do preferred .... Atl. Coast Line. ... Bait. k Ohio .... do preferred Brook. Rap. Trail. Canadian Paclflo. . Central of N. J.. Chea. & Ohio Chi. Gt. Western.. Chicago & N. W.. C, M. ft St. P... Chi. Ter. & Tran. 8W do preferred C C. C. St. L. mo 100 x.100 00 100 1.100 1,000 600 .000 Colo. Fuel Iron. Colo. & Southern. do 1st preferred, do 2d preferred.. Consolidated Gas.. Corn Products M . do preferred DeL A Hudson .... Del. .Leek. & Wes. D. & R. Grande.. do preferred Distillers' SecurL. Erie eo 1st preferred, do 2d preferred.. General Electric - Illinois Central .. Int. Paper do preferred .... Int. Pump do preferred Iowa Central .. do preferred K. C. Southern... 400 100 8O0 600 do preferred . Louis. & Nash,... Mexican Central.. , Minn. A St. L 200 100 M.St.F. & S B. M. 7014 do preferred 111 Missouri Paclflo... l.fXV) ISS 51 ti 62 Mo., Kan. & Texaa l,8O0 2fltt 25 25 do preferred .. 400 5714 6fl 66 National Lead ... TOO S914 3814 87 Mex. Nat. ft. pf. N. Y. Central ... N.Y., Ont. A Wes. Norfolk A West. . 7,400 10014 300 29lJ TOO 63 . ""166 -4S" i&ioo iis4 do preferred North American .. Paclflo Mall 4B 4714 21 114Si TS 58 1814 Tl 140 76 73 T2 1414 6314 14 8,1 r& so lH 134 18 15 3?- 109T4, 77 14 70 80 1614 86 23T4 83 H 15 80 0 14T4 800 64 68 T 12 30 in4 1114 13 T4 81 614 1714 Pennsylvania People's Oaa .... l.WO 744 P., C. C. St. L. 100 Pressed Steel Oar. 1.6H0 do preferred 200 Pullman Pal. Car Reading 27,000 79 ,7614 do i?t preferred. ...... do 2d preferred. Republic Steel .. (V0 15H 60 15 8514 80 'ssii 69lf 105 J3 4214 134 10 20U 83l 111H T7lJ '8014 IT TO 24 U K4Q4 1614 81 10 1514 ism, 6414 4414 85 29 '2714 6T14 108 12 42 134 ' 1814 20 32 100 1 T714 "soii IT Rfttt 23 K, 83 it, 1514 80 18 'rii" 68 do preferred 600 Rock Island Co... 2,000 do preferred 200 PtL. S. F. pf. 1 200 St. L. Southwest. . . . . do preferred 800 Southern Paclflo. 8,800 BOO 1,200 000 BOO 700 600 do preferred . . . . Southern Railway. do preferred . : . . Tenn. Coal & Troa Texas ft Pacific... Tol.,St. L. ft Wes. do pre f erred .... 800 .... 48.000 .... 200 "'ioo . TOO .... 800 2T.40O Union Paclflo .... do preferred .... TT. S. Express .... TT. S. Realty .. TJ. S. Rubber do preferred TJ. S. Steel . do preferred .... Va.-Caro. Oh era. . . do preferred .... Wabash 15,100 ino 800 400 3,300 do preferred Welle-Famro EJx. Westlnghouse Kleo. I, BOO 6714 Western Union . . 600 60 Wheel, ft L. Erie Wisconsin Central. 200 12 12 do preferred Northern Paclflo, do preferred . 8.700 107 10014 0,8no lis 111 Central Leather .. 100 18 13 do preferred ..... ..... Slosa-ShefTleld .... POO 82 8ll4 Int. Metal l.ono 6 6 do preferred .... TOO 19 1T14 Total tale for the day. 878,800 share. BONDS. NEW YORK. Oct. 28. Closing quotations: TJ. S. ref. 2s reg.mii'N T C G S14s. . 8T14 do coupon. ... 104HI North. Pacific 3a 8T TJ. S. 8s reg. .. .101iNorth. Paclflo 4s 95 do coupon. ... 10214 South. Paclflo 4s 76 TJ. 8. new 4s regllT itlnlon Pacific 4s 8114 do coupon. .. .118 iWlscon Cent 4s T6 D ft R G 4a.... 08 Uapanese 4s 75 H Stocks at London. LONDON, Oct. 2a Consols for money, 82 7-16; do for account, 8214. Anaconda .. 6-75 JN T Cent. .105.00 Atchison ... 79.57 14 N I Norflk ft West 05 00 do nref. ... K.00 1 do nref . . . . R4.00 Bait ft Ohio 85.75 Ont & West.. 2950 Cans- Paotflc 16.6214!Pennsylvanla. 8975 t?hes ft Ohio 19.50 IRand Mines.. 4.59 Chi Grt West T.50 IReadlna 41.00 J C. Sf . ft 6. P.110.00 iSouthern Ry. 13.8TH X.r 18.50 I do pref. ..j 45.00 iSouth. Paclflo 71.62 5 1 lUnlon Pacific. 115.12 1 do pref. . . . 82.O0 iTJ. S. Steel... 25.0O I do pref. . 87.75 1 Wabash 9.50 f do pref. ... 10.25 ISpanlsh 4s.. 91.25 I Eastern Mining Stocks. BOSTON, Oct. 28. Closing quotations: Adventure . .$ 1.00 Allouez 22.50 Amalgamated 50.00 Atlantic .... 0.50 Bingham ... 6.23 Cal ft Hecla. 605.00 Centennial . . 20.50 Cop Range.. 60.25 Daly West . . 10.00 Franklin ... 6.73 Granby 70.00 Isle Royale. . 14.25 Mass Mining. 2.75 Michigan ... 8.00 Mohawk .... 42.O0 Mont. C. ft C. 1.23 Old Domin. . 22.50 Osceola .... 78.00 NEW YORK, Oct. Adams Con.... 5 Alice 400 Breece 33 Brunswick Con. 30 Comstock Tun. 21 C. C. ft Va 95 Horn sUver 123 Iron Silver w Leadvllle Con., a IParrot $ 9.50 iQuincy 79.00 (Shannon .... 10.50 (Tamarack ... 67.00 I Trinity l.so lUnlted Cop.. T.50 lU. S. Mining 27.73 TU. S. Oil T.1214 lUtah ... 3150 Victoria 4.00 Winona 3.23 jwolverlne . . .105.00 tNorth Butte. 38.50 1 Butte Coal.. 14.50 Nevada T.8TH iCal ft Ariz. . . 96.00 I Ariz Com.... 10.00 J 28. Closing quotation: I Little Chief Ontario 250 lOphlr 120 Potosi 3 t&avage 44 iSlerra Nevada. . 47 1 Small Hopea ... 20 I Standard 250 I Dally Treasury Statement. - WASHINGTON, Oct. 28. Today's statement of the treasury balances in the general fund shows: Available oash balances . $285,094,653 Gold coin and bullion 76.495,941 Gold certificates 82,736,220 PORTLAND LIVESTOCK MARKET. Prices Current Locally on Cattle, Sheep and , ' Bogs. Weakness continues in the market for hogs, but other kinds of livestock are steady. Receipts yesterday were 240 hogs. The following prices were current in the local market yesterday: CATTLE Best steers, $3.75 4; medium, $3.253.50; cows, $2.00,92.85; fair to me dium cows, $22.25; bulls. $l.SO2; calves, $44.5C. SHEEP Good sheared, $4.505; lambs, $4.5005.25. . HOGS Best. $0.25 36.50; lights and feed ers. $5(36. Eastern Livestock Prices. ' CHICAGO, Oct. 28. Cattle Receipts, SL OW; market, steady. Beeves, $3.00 7.10; cows, $1205: calves. $4.506-75; West erns. $3.205.7S; stockers and feeders, $2.40 4.50. Hogs Receipts. 16.000: market, 610o higher. Light, $5.65 6.20; mixed. $5,800 6.25; heavy. $5.356.20; rough, $5.355.60; pigs. $4.50l3i5.65; bulk of sales. $5.6O5.90. Sheep Receipts. 40,000; market, weak. Native. $2.700 6.45; Western, $2.705.40; yearlings, $5. 20 5. 90; lambs, $4.50 7. 20; Westerns, $4. 50 5.15. OMAHA. Oct. 28. Cattle Receipts, 8500; market, slow, 10 15c lower. Native steers, $4.20 6.50; cows and heifers. $2.254.25; Western steers, $3.50 5.40; canners, $1-75 31 2.50; stockers and feeders, $2.75 5; calves, $3.75 5.50; bulls, stags, etc, $2 4.50. Hogs Receipts. 1000: market, 610o higher. Heavy. $5.45 5.60; mixed, $5.50 6.55; light, $5.505.65; pigs, $4.75 5.C0. Sheep Receipts. 23,000; market, 1015o lower. Fed muttons, $5.25 5.50; wethers, $4.755.10; ewes. $4.404.75; lambs, $6 6.78. . KANSAS CITY, Mo.. Oct. 28. Cattle Receipts, 12,000; market, stidy. -Native steers, $4.50 6.40; Southern steers, $2.75 400; Southern cows, $23.10; cows and V. .If... ei irKfif.A ok. ..a.)..,. finil f . nr. $2.754.60; bulls, $2.25 3.60; calves,. $2.'75 5.76; Western steers. $3.403.60; West ern cows, $2.258.50. Hogs Receipts 6000; market, 610o .tKAV T41lr nt .al.l K KK frft ft 7K TlaW. $5.505.70; packers, $5.6005.80; pigs and light, 30.80131 0.80. Sheep Receipts, 6000; market steady. t,....t,i 11 FUlnAflf lnmha 3.7.163 7.1! range wethers. $4.7506.60; fed ewes, $4.25 (ff o.o. QUOTATIONS AT SAN FRANCISCO. Prices Paid lor Produce In the Bay City Markets. .-i- - . BAN FRANCISCO. Oct. 28. The follow ing prices were quoted In the produce mar kets today: Vegetables Cucumbers, sigyi.zo; garllo 414 05c; string beans, 1143c; tomatoes, 25 060c; okra, 40060c; egg plant, 400 75c. . Poultry Turkey gobblers. 20022c; turkey hens. 17020c; roosters, old, $4 4.50; roost ers, young. $607.60; broilers, small, $303.60; broilers, large. $404.50; fryers. S3s.50; hens. $4.600 8; ducks, old, $406; young, $6 7. Butter Fancy creamery. 81o; creamery seconds, 28c; fancy dairy, 30c; dairy sec onds 2714c; pickled. 2714 030c. Eggs Store, 23027c; lancy rancn, WttCi Eastern, 2314 0 27c. Cheese New. 1614 (EP1714C: loung Amer ica, 161401714c; Eastern, ISc. Wool spring, numooiui tuo jnenaocmo. 2425o; Nevada, 1601814c: South Plains and 8- J-. 13016c: lambs, 801314c Hops Old, 3oc; new, Mlllstuffa Bran. . $240 25; middlings! $29 030. Kay Wheat. $170 22.50; wheat and oats. $13018; alfalfa, $11018.60; stock, $809.bO; straw, per bale, 45 0 85c Potatoes Early Rose. 90c$110; river Burbanks. 85c0$l.lO; Salinas Burbanks, $1.5001.65; sweets. $1.2501.60. Onions $2.25 02.35. Fruits Apples, choice, $1.60; common. 60c: bananas, $102; Mexican limes, $3,000 6.00: California lemons, choice, $5; common, $1.25; oranges, navels. $3.50 0 4.50; pine apples. $2 03- Recelpts Flour, 13.4T5 quarter sacks; wheat, 90 centals; barley, 6694 centals; oats, 64T centals; beans, 8941 centals; potatoes, 630 sacks; bran, 630 sacks; hay, 2700 tons; wool, 23 bales; hides. 1210. Metal Markets. NEW YORK. Oct. 28. The London tin market had a sharp advance with spot olos ing at fl48 15s and futures at 149 15a Locally the market was quiet but higher with quotations ranging from 82.60c to 33c Copper was higher In London, also with spot closing at 01 16s and futures at 62. Locally the market was reported strong with Lake quoted at 180 13.25c; electro lytic, 12.75 013c and casting at 12.50 013c Lead waa unchanged In this market, be ing quoted .at 4.5504.76c and was un changed In London at 18. ' Spelter was unchanged at 21 15s In Lon don and at 6.4006.50c locally. Iron was unchanged In the English mar ket with standard foundry quoted at 53s and Cleveland warrants at 64a Locally the market waa unobanged. TREATS CHILD LIKE DOG Long Island - Woman's Antipathy , Finds Outlet in Brutality. NEW YORK, Oct. 28 The caso of Mrs. Annie Mohr, of Corona, L. I., charged with compelling her 7-year-old daughter to Bleep in the basement with a mongrel house dog. and with other wise illtreatlng the child, la attracting attention because of the unnatural treatment by a mother of her own child. Her family Is in comfortable circumstances, and there are two other children, both of whom are well kept and well clothed. Martha, the abused child, Is the second child of the three in the family. Both the elder and younger sisters were In court when the mother was arraigned, happy and smil ing. Peter Mohr, fhe father, In testifying, said his f wife took a strange, unac countable dislike to Martha, and alt efforts to overcome it were unavailing. They finally gave the child out for adoption, but Its foster-mother soon died, and they were compelled to take Martha back home again. No amount of persuasion could in duce Mrs. Mohr to accept the little one as her own, and since then the child has simply lived like an outcast. When she appeared In court, her body was oovered -ylth bruises, the marks of re peated beatings, while she cowered in fear every time an unexpected move was made. In noticeable contrast to her two sisters, Martha's clothing was coarse and ragged. The case Is still pending In court, but meantime a children's society la caring for Martha.. D ft R G 20.25 do pref.... 62.00 Erie 19. SO do 1st pf . . 41.50 do 2d , pf . . 31.00 Grand Trunk 22.00 111 Central. .130.00 L ft N 101.00 Mo. K ft T-. 26.75 FOUR GENT SLUMP Chicago Grain Traders Have Another Scare. ALL TRY TO SELL AT ONCE Rumors Current Xbat Banks Were Calling on Elevator Interests to Market Their Holdings. Part of Loss Regained,- CHICAGO. Oct. 28. Heavy liquidation, due to the stringency of the .money market, caused a 4-cent decline in wheat prices on the local exchange today. The break came in the first 15 minutes of trading, and was followed by a quick rally of more than lc, after which the market held fairly steady. The early decline was caused by heavy sell ing, brought about by the financial situation. Rumors were current thaf banks all over the country were calling on elevator Interests to market their holdings and take up loans which had been made on grain. During the last half of the session cash houses and ele vator Interests were active buyers of the De cember option and this steadied the market. The close was steady. December opened 24 to 8 a lower, at 96 to 8Sc. sold off to 96o and closed 2c down at 87c The corn market fell sharply at the opening because of heavy selling by holders, but be came steady late In the day on buying by shorts. The close was steady. December opened H to o lower, at 57 H to 67140, sold off to 66Mc and closed down o at 0114c. Oats deollned 1 to 2o early in the day, because of the weakness In wheat and corn. The market showed little recovery from the low point of the day and closed weak. De cember opened to lHo lower, at 80 to 6OH0, broke to 48o and closed 2o lower at 49c. Provisions were weak in sympathy with grain and because of the 60 decline in the price of live hogs. At th close January pork was off 22Ho. lard 714 to 100 lower and ribs were down 10c . The leading futures ranged as follows: WHEAT. Open. High. Low. Close. December ... .Oii .1)8 .06 .97 May 1.053 105H 1.03 ft 105 July 99 1.004 -99 1-00 CORN. December . .67, .67 .6H .57V May 69vl .69U, .5SV, .5SV July 6894 .59 Vi .6854 .69 OATS. December ... .6014 .604 .48 . May 63 .64 .62V4 .52 July 4714 .4814 -4714 -8 MESS PORK. January ....14.75 14.75 14.60 14.674 May .. 16.00 16.05 14.8214 15.00 LARD. December ... 8.4714 8.5214 8.4714 8.5214 January 8.50 8.6214 8.60 8.6214 May 8.70 8.70 8.6714 8.70 SHORT RIBS. January .... 7.6714 T.67t4 7.00 7.65 Ueiy ........ 7.9214 7.9214 7.8714 7.9214 Cash quotations were as follows: Flour Weak. Wheat No. 2, Spring, 81.021.06; No. S, 80$1.00; No. 2. red. 93fi95c. Corn No. 2, 6667c; No. 2, yellow, 6T14c. Oats No. 2, 48c; No. 3, white, 4248o. Rye No. 2, 73c. Barley Good feeding, 6660o; fair to ohoice malting, 7076c. Timothy Prime seed, $4.70. Clover Contract grades, $16.00. Short Ribs Sides (loose), 7.608.8T14- Mess Pork Per bbl.. $13.871414.O0. Lard Per 100 lbs., $8.5214. Bides Short clear (boxed), $8.0038.50. Whisky Basis of high wines, 41.85. Receipts. Shipments. Flour. bbla.. .. 24.100 38,500 Wheat, bu.- 79.000 70,900 Corn, bu 428,600 708,4iK Oats, bu 4,76.200 120,900 Rye, bu 13,000 7,600. Barley, bu 136,400 48.700 Grain and Produce at New York. NEW YORK. Oct. 28. Flour Receipts, 23, 200; exports 10,000 dull and easier. Wheat Receipts, 182.800; exports. 840,500. Spot weak; No. 2, red, 81.06; nominal eleva tor. No. 2.' red. $1.08, f. o. b. afloat; No. 1, Northern Duluth. nominal f. o. b. afloat; No. 2, hard Winter, nominal f. o. b. afloat. Fol lowing the Minneapolis crash, wheat broke S cents a bushel today after which prices ral lied a cent on better Wall street news. Spec ulative trade was light all day on account of financial fears. Final prices showed lo net decline. December $1.0814 1. 10 1-1S, closed at $1.10; May, $1.111.12; closed $1.124. Hops Steady. Hides Easy. Woll and petroleum Firm. Grain at San Francisco. ' BAN FRANCISCO. . Oct. 28. Wheat, easier; barley, steady. Spot quotations: Wheat Shipping, $1.65 91.70; milling. $1.75 1.80. Barley Feed, $1.60 1.65; browing, nom inal: Oats Red. $1.652.0O; white, $1.7214 0 1.85; black, $2.762.90. Call-board sales: Wheat December, $1.73; May, $1.7914. Barley December, $1.65; May, $1.72. Corn Large, yellow, $L701.76. - European Grain Markets. 4LONDON, Oct 28. Cargoes, easier owing to American decline. California, prompt shipment, at 42s 6d aBked, buyers holding off; Walla Walla, prompt shipment, at 42s asked buyers holding off. LIVERPOOL, Oct. 28. Wheat December closed Saturday, 8s 7d; opened today, 8s , 7d; closed today. Ss 6d. English country markets, steady; French country markets, firm. Visible Supply of Grain. NEW TORK. Oct. 28. The visible supply of grain Saturday. October 26, as compiled by the New York Produce Exchange, was as follows: Bushels. Increase. Com . ... .4.070.000 os.ooo Oats 7,126,000 606,000 Rye 1.0S6.000 SO.OOO Barley 6,887,000 264,000 'Decrease. Minneapolis Wheat. Market. MINNEAPOLIS, Oct. 28. Wheat Decem ber, $1.04; May, $1.10; No. 1 hard, $1,053 1.0514; No. 1 Northern, $1.04S1.0414: No. 2 Northern, $1.00141.0114 ; .No. 8 Northern, 6414 (S-9614C Dairy Produce In the East. CHICAGO, Oct. 28. On the produce ex change today the butter market "was easy. Creameries, 23iS2614c: dairies, 2014 32414c. - Eggs Steady; at mark, cases included. 17 20c; firsts, 22o; prime firsts, 24c; extras, steady. Cheese 151514c. NEW TORK. Oct. 28. Butter, steady. Cheese Irregular; state, full cream, small colored and whKe. September, fine, 16110. Eggs Firm. . Groceries, Nats. Ete. RICE Imperial Japan. No. 1, 614oi South ern Japan, 5!45c; bead, 714c. COFFEE Mocha. 24628c; Java, ordinary, 1720c; Costa Rica, fancy. 18Q20c: good. 18 C18c; ordinary, 1216c per pound. Columbia roast, cases. 100s. $14.50; AOs. $14.76; Ar buckle. $16.60: Lion, $15.73. SALMON Columbia River, 1-pound tails, $2 per dozen; 2-pound tails, $2.95: 1-pound flats, $2.10; Alaska, pink. 1-pound tails, 95c; red 1-pound talis, $1.56; sockeyes, 1 pound tails, $1.90. SUGAR Granulated, $5.65; extra C, $6 15; golden C, $5.05; fruit sugar, $5.65; berry, $5.45; star, $5 45; beet sugar, $3.45. Advance sales over sack basis as follows: Barrels, 10c; 14 barrels, 25c; boxes, 50c per 100 pounds. Terms: On remittances within 15 days deduct 14c per pound; if later than 15 days and within 30 days, deduct c; maple sugar, 15 13c per pound. NUT8 Walnuts, 15142Uc per pound by sack; Brazil nuts, 19c; filberts, 16c' pecans, umbos, 20c; almonds, 19 20c; chestnuts. Ohio. 1714c; Italian, 1414 6150; peanuts. DOWNING-HOPKINS CO, BROKERS STOCKS, BONDS, GRAIN sssnaHs sad soisl far asslt sad eei anaucta. Private Wirei ROOM 4. CHAXSIR OF COMMERCE Phone Main 31 German -American Bank PEOPLE'S BANK AND INDEPENDENT DEPOSITORY FOR SAVINGS OR COMMERCIAL ACCOUNTS C0ENEE SIXTH AND ALDER STS., PORTLAND, OR. Absolute New Management and Complete Reorganization, Modest . Furnishings Low Expense, Careful Bankers. Authorized Capital $500,000.00 r LOUIS J. "WILDE, President. JAMES O'BRLEN, Vice-Pres't. S. A, REED, Cashier. WM. BERG, Asst. Cashier. Among Directors and Stockholders: U. S. GRANT, Jr., Capitalist, President Omaha Independent Tele phone Company. PERRY W. WEIDNER, President National Securities Co., and Vice-President Central Trust Company, Los Angeles. WM. H. ALLEN, Jr., President Title Insurance & Trust Company, Los Angeles, Cal. LOUIS J. "WILDE, Pres. American National Bank, San Diego, CaL M. P. SNYDER, ex-Myor Los Angeles, President California Sav ings Bank. F. F. GRAVES, Capitalist, President Union Construction Com . pany, Los Angeles. JAMES O'BRIEN, ex-County Auditor, -"ex-Deputy Clerk, County and United States Courts, St. Paul, Minn. , S.v A, REED, President First National Bank, Escondido. Let Us Understand Each Other in the Beginning NOTICE This bank will not promote, underwrite or entertain any speculative proposition, nor will it bid or make excessive loans to get business. It will not permit overdrafts or make any loans whatever without approved indorsement, ample collateral or real estate security, acceptable to the finance committee. "When local directors have been selected, this bank will insist upon their attend ance and will pay a reasonable compensation for their guidance. The management will insist upon having directors who direct. No officer or director can, under any circumstances, borrow money without proper collateral; in that case they are able to borrow elsewhere. Under no circumstances will any person -or corporation be favored "for old time's sake." Do not ask us to do something not consistent with sound banking, for WE WILL NOT. A plain, open understanding NOW will save much embarrassment later on. This is an independent bank for the systematic savings and the steady commercial accounts of industrious people. There is no red ink about the premises. GERMAN-AMERICAN BANK, L. J. WILDE, President. , . N. B.: Minnesota and California Headquarters. raw. 6&814c per pound; roasted, 10c; pine nuts. . io12c, hickory nuts. 10c; cocoanuts, S500c per dozen. SALT Granulated, $18.00 per ton; $2.25 per bale; halt ground, 100s, $13.50 per ton! SOs. $14.00 per ton. BEANS Small white, 4c; ' large white, 4'ac; pink. 4.20c; bayou. 4c; Lima, 614c; Mexican red. 4c HONEY. Fancy. $3.25(3.00 per box. Provisions and Canned Meats. BACON Fancy breakfast, 22o pound; standard breakfast. lOVsc; choice. 18!4ci English. 11 to 14 pounds. 1014c; peach, 16 14 c. HAMS 10 to 11 pounds, S14o pound; 14 to 16 pounds.' lftd: 18 to 20 Dounda. 15c: picnics, 1014c; cottage, 13c; shoulders, 121-c; boiled. 25c. , SAUSAGE Bologna, long, 8c; links, 714 BARRELED GOODS Pork, barrels, $20; half-barrels, $11; beef, barrels, $10; half barrels. $5.50. DRY SALT CURED Regular short clears cry salt, ize; smokea. 13c; clear backs, dry salt, 12c; smoked. ISc: clear bellies. 14 to 17 pounds average, dry salt, none; smoked, none; Oregon exports, dry . salt. 13c; smoked. 14a LARD Kettle rendered: Tierces. 1214ei tubs, 12c; 60s. 12c; 20s. 1214a; 10s. 18Hc; 5s. I3Hc; 3s, 1314c Standard pure: Tierces. 11c; tubs, 1114c; 80s, 1114e; 20s, 1114c; 10s, 1114c; 5s, llc. Compound: Tierces, 9c; tubs. S14c: 60s. Olio; 20s, 9o; 10s. ec; 5s. 9o. Dried Fruits m Xnc York. NEW YORK. Oct. 28. The market for eryaporated apples Is easy In tone and prime ..!. iui .-.uvemuer ueuvery is saia to De ob tainable around 8o. Spot quotations fol low: Fancy, 1014c: choice. 9ic; prime, 9c; common to fair, 88!4c. Prunes are In fair demand, -with niintjitlonH ranging from 414 o 13140 for California and from 614 to 81o for Oregons up to 40-S0s. Apricots are steady, with choice Quoted at 21 o. extras 22c and fancy at 2224!4c Peaches are quiet, with choice quoted at 12 Bii'tc extra cnoice at 1ZM.W1314C, fancy at 1361314c, extra fancy at 141414a. Coffee and Sugar. NEW TORK. Oot. 28. Coffee futures, closed dull, net unchanged to 10 points lower? Sales were reported of 16.000 bairs Including De cember at 5.T55.R5c; March at 5.80c; May at o.i.utB'o.vvc; juiy, o.woc; July. o.V5c and Sep tember, 6.068 8. 10. Spot quiet. No. 7 Rio. 614c; No. 4 Santos, 8c; mild coffee, dull; Cor dova. 944 1214c. Sugar Haw, steady; fair refining, 3.40c; centrifugal, 96 test, 3.90c: molasses sugar, 8.05c. Refined, steady. Crushed, $5.70; pow dered. $5.10: pramilated. $5.00. C. GEE WO The Well-Known Reliable CHINESE Root and Herb DOCTOR Has 'made a Ufa study of roots and herbs, and In that study discovered and is giving to the . world his wonderful remedies. no Aicrcury, poisons or Drugs Used Me Cures Without Operation, or Without tbt Aid of the Knife. He guarantees to .cure Catarrh. Asthma. Lung, Throat, Rheuma tism. Nervousness, Nervous Debility, Stom ach. Liver. Kidney Troubles; also Lost Man hood. Female Weakness and All Private Diseases. A SURE CANCER CURE Just Received from Peking. China Safe, Sure and Reliable. IF you ARB AF FLICTED. DON'T DELAY. DELAYS ARE DANGEROUS. If you cannot call, write for symptom blank and circular. Inclose 4 cents In stamps CONSULTATION FREE. The C. Gee Wo Chinese Medicine Cov. 16214 First St., Cor. Morrison. Portland, Oregon. Please Mention This Paper. TRAVELERS' GUIDE. Str. Breakwater FOR COOS BAY Leaves PORTLAND. Wednesdays at 8:00 F. M., from Oak -street Dock, for - EMPIRE, NORTH BEND AND MARSH FIELD Freight Received Till 4 P. M. on Day of Sailing-. FARE From Portland, 1st - class, $10.00) 2d-claas, 7.00. inclndins berth and meals. Inquire City Ticket Office, Third and Washington sta., or Oak-street Cook. EGGS and VEAL and IIOGS Highest CASH PRICES Paid ' Prompt Returns Write Us SOUTHERN OREGON COMMISSION CO. 91 Front St.. Portland. w. H. McCorquodale. Manager. TRAVELERS' GTJTDK. LOW RATES FROM THE EAST. ., During September and October the! Great Northern Ry. will sell colonist tickets from all Eastern points at greatly reduced rates. NEW YORK TO PORTLAND. . . .AH0.00 BOSTON TO PORTLAND S48.43 CHICAGO TO PORTLAND S33.0O ST. PAUL TO PORTLAND 25.00 MINNEAPOLIS TO PORTLAND. B30.0O DULUTH TO PORTLAND 933.0O SIOUX CITY TO PORTLAND.... 935.00 Proportionate reductions from other points. Now is the time to send for your friends. Orders for tickets will receive prompt attention. Additional Information on application to H. Dick aon. C. P. & T. A., 12a Third St.. Port land. Or. Phones, Main (80, Home A 2286. EGYPT & THE NILE SPECIAL SalLIROt FROM MEW YORK TO ALEXANDRIA BY THS LtrxUSIODSLT AFPOIimrO 6. 8. HAMBURG SPPIRB BinTICS TOR TRIPS ON TBI Illl IT III aKBURO A aSL0 aJERICR RILI CO. auo imman jmb szrticbs to tb ORIK1T, WFST INOTE-9, JAMAICA. ITALY. MRDI. TF,RRAKCA A ADRIATIC, BBKJI1DA AND NASSAU. Hamburg-American Line SB ass 7 Breadwsy.'Rew Tsrk. i8 Market St., San Frannlses, CaL, or any local agents. San Francisco S Portland S. S. Co; From Alnsworth Dock, Portland, 4 P. M.: 6S. "Panama," Nov. 1, 18, 25. etc. BS. "Costa Rica." Nov. T, 19, Dec. 1. etc From Spear Street Wharf, San Francisco, 11 A. M.: PS. "Costa Rica," Nov. 2, 14. 28, a to. r SS. "Panama," Nov. 8, 20. Dec. 2, ete. J AS II. DEWBO.N. Agent. Phone Main 203. 248 Washington St- North Pacific S. S. Co's. Steamship Roanoke and Geo. W. Elder Sail tor Eureka, Sua Francisco and Los Angeles direct every Thursday at 8 P. M. Ticket office 132 Third St., near Alder. Both phones, M. 1314. H. Young, Agent. Columbia River Scenery REGULATOR LINK 6TEAJULER8. Dally service between Portland and The' Dalles, except Sunday, leaving Portland at 7 A. M., arriving about P. M.. carinas freight and passengers. Splendid accomma datlona lor outfits and livestock. Dock toot of. Alder sc, Portland: root of Court su The Dallas. Phone Mala lit,. Portland. WILLAMETTE RIVER ROUTE , Steamers Pomona and Oregona for Salens and way landings leave Taylor-street Dock 8:49 A. M. daily (except ban day). Oregon City Transportation Company s-nona si am 40. a 331,