Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 8, 1907)
THE MORNING OREGONIAN, FRIDAY, 'NOVEMBER 8, 1V07. 17 CANNOT IV1DVE HOPS Dealers Unable to Execute Eastern Orders. TRADE AT A STANDSTILL Prices Affected by the Situation. Downward Tenaxr?y of Values In the Produce Market. Mill Feed In Demand. A peculiar atata of affairs exists In the hop market. There are some ' orders on hand from the East and a good many more re expected soon, but dealers are at a loss to know how to transact the business. It Is customary In the hop market, when a'dealer is buying; hops and shipping them to the Knot, to sell his draft, with the necessary nipping document attached, to the banks, liut at the present time these latter Insti tutions are not taking such paper, even for collections, owing to financial conditions in the East. The result Is that trading In the Oregon market has practically come to a standstill at the very time of year wben business Is usually heavy. The members of the trade are trying to devise some plan by which operations can be carried on. It may be they will have to fall back upon express transportation aa a means of get ting their pay for hops shipped, that is. If the Eastern dealers or brewers have the cash with which to pay for the goods. The financial situation naturally has a weakening effect on hop prices. Not many growers are offering their hops yet. but the lew that are trying to sell are willing to take lower figures than they wanted last month. The only business reported m the past few days was the sale of a lot of 133 bales at 6 & cents and a 400-bale block at m cents. Neither of these lots were high grade goods. In the absence of any business In oholoe qualities, it is impossible to say what such hops would bring. The latest Issue of the Watervllle. N. Y., Times says of the market there: It has been rather quiet trils week in the hop market, caused perhaps by the money troubles in New York. There have reen a few sales at 15c down, the lower qualities being not in so much demand as the better grades, which a deuler said tnls morning were getting rather hard to find. The weekly report of Cattley, Grldley & Co., of London, received by mall, says:, A considerable trade has been done tn the new growth, the principal ealrs being or selected choice hops, and the healthy, bright qualities of Wealds and Sussex. General currency is unaltered, although somewhat 4 higher prices have been paid for besi quali ties. The scarcity of good choice East ana Mld-Kents Is very marked. Foreign markets are more active, and a fair burliness nas been done on the Continent for England in the choicer qualities. Their markets are somewhat higher for best hops. There Is lrttle doing on the Pacific Coast exceDt ror home consumption, and prices are firm, es pecially for the selected hops, which are ex tremely scarce again this year. CHICKENS DKCTJNE TO TEN CENTS. Slump Occasioned by Heavy Receipts and Blower Buying. The chicken market got down to the 10-cent basis yesterday. The slump was occasioned by large receipts and a very poor demand. Arrivals have been heavy for several days and when buying slowed down prices, of course, had to suffer. Even at the cut made yes, terday, all of the day's recelpte were not moved. The situation was not so bad In other lines, geese and turkeys even showing some firmness. The egge market was unchanged, with a fair amount of business passing. Butter wu quoted weak in some quarters, but In general the movement was fair. That country producers are engaged In 'turning their surplus produce Into cash as fast as they can la shown by the way that dressed meat Is being rushed to market. Ar rivals of both veal and pork are heavy, one Front street firm receiving 4T hogs yesterday pnd 80 the day before. With these large re ceipts, the market Is necessarily weak. Moderate Demand for Fruits. The fruit market presented no new fea tures of Interest yesterday. Business was only fair and prloes. as a rule, held steady. San Francisco advices Indicate a weak tone In the potato market due to liberal i arrival! of both Oregon and California po tatoes. Price here are unchanged, but the feeling In the market is easy. There were freer offerings of onions yes terday, both by growers and speculators, and quoted prices were therefore adversely affected. Oregon Wools la the Bast. Regarding Oregon wools In the Eastern markets, the latest advices from Boston ay: "The week has passed without any impor tant transactions m grease wools, the supply of which In staple Is practically sold out. No. 1 clothing wool sold in ama.ll lota at 20 to tie, to cost about 680, clean." Good Inquiry for 5011 Feed. No trading Is reported In local grain mar kets, and price are nominal. A brisk de mand for mill feed Is reported and as sup plies are light, the market is on a very firm basis. Hay is coming tn freely on previous purchases, but consumption Is large and prices are steadily maintained. Wholesale Grocery Trade Good. Wholesale grocers state that business con tinues good In their line ana some express surprise at the steady volume of orders coming in. No price changes of Importance have been announced this week except a de cline of 1 cent per gallon in coal oil. Bank Clearings. Bank clearings of the leading cities of the Northwest yesterday were: , Clearings. Balances. Portland 1.02.V-ll $140,RS1 Seattle . l,7ftu,ti:!2 361.4"4 laenma ........ Spokane 8117.1)78 00,230 70,102 1.021.241 PORTLAND QUOTATIONS. Grain, Flour, Feed, Fte. WHEAT Club, 87c; bluestem, 89c; Valley, 87c; red. 85c. MILLSTUFFS Bran, city, $20; country, $21 per ton: middlings. 1)27.50: shorts, city, $22; country, $28 -per ton; chop, $10 18 per ton. OATS Producers' prices: No. 1 white, 2I50; srray. $20.50. FLOUR Patent. $4 95; straight. $4.40; clears. $4.40: Valley, $4.40; Graham flour, $4.254.75; whole wheat flour, $4.50g5; rye flour. $5 50 BARLEY Feed. $28.50 per ton; brewing, $30: rolled 30tf31. CEREAL FOODS Rolled oats, cream. 90 pound sacks, per barrel. $8: lower grades, $8.507 50; oatmeal, steel-cut, 45-pound sacks, $ft.50'per barrel: 9-pound sacks, $4 50 er bale; oatmeal ground, 45-pound sacks, 8 per barrel; 9-pound sacks. $4.50 per bale; split peas, per 100 pounds. $4.234.80; pearl barley. $4CP4.50 per 100 pounds; pastry flour, 10-pound tacks, $2.80 par bale; flaked wheat, $8.23 pel case. CORN Whole, $32: cracked. $33. HAT Vallty timothy. No. 1. 1718 per ton: Eastern Oregon timothy. $23; clover. 815; cheat. $15; grain hay. $15 216; alfalfa, $14. Vegetable. Fruits. Ere. DOMESTIC FRUITS Apples, 75c S 2 per box; peaches, $1 per crate: watermelons, lo pound; pears. $11.25 per box; grapes, 75c$1.75 per crate; quinces, 50c$l pet box; huckleberries, 7$8o per pound; cran berries, $10 10 50 per barrel. TROPICAL, FRUI7S lUnuini, $5.50 T tr box; oranges. Valencia. S3.7no4.T5: navels. J4JM.5G; grape-fruit, M.nO; bananas, Be per pound, crated, Stic; pineapples, 94.00 per dosen; pomegranates, DS.23 per box. ROOT VEGETABLES Turnips. $1.25 per sack; carrots, $1.25 per sack: beets. tl.-t per sack; garlic, t0 per pound. FRESH VRfjrTT ABL.ES Artichokes. 0 Too per dos; cabbage, lSlHc per pound; raiilltlowi-r. 2ft irt 1.00 per doren: celery. B0c$1.00 per io-.-n: oorn. 85c $1.00 per sack; cucumbers, $1 per sack: egg plant. $1'.;v&0 per crate: tettuae. hothouse. $1. 251.B0 per box; okra, 1012c pound; onions, IB 3 20c dosen; parsiey. 20o Der dozen. v.t.i. m Rim 7n ner bound: numD- klns, lfclc per pound; radishes. 20o nar 4nn. inlnfl. BO Df DOUhd: SOUSSh. I ltvitto per pouna; tomatoes, sosyovo pr- oox. ONIONS Buying price, 1.76(&2 per sack. DRIED FRUITS Apples, StJSHo per pound; apricots, 18910c: peacnes. 11013: pears, im914o: Italian prunes. 2 sec. California figs, white. In sacks, 58e per pound; black. ettOoe; bricks, 76c4j2 2S per box. Smyrna. 18VO20o per pound; dates. Persfsn. flmtTc per pound. POTATOES Buying prices, 730830 per hundred, deilverod Portland: sweet potatoes, 24 0 per pound. Butter, Eggs. Poultry, Kte. , RI'TT K R City creameries: Extra eream ery, 32 Ho per pound state creameries; fancy creamery, 3032ftc; store butter, 17 22c. CHEESE Oregon full cream twins. 17c; Young America, 18o per pound. VEAL 75 to 125 pounds. TH8c: 125 to 150 pounds. 7c: 150 to 200 pounds, 6 3 9 Ho. PORK Block, 75 to 180 pounds, 77Ho; packers, 6H7c POULTRY Average old hens, 10c; mixed chickens, 10c; . Spring chickens, 10c; old roosters, 8c; dressed chickens, 129 13c: turkeys, live, 17 turkeys, dressed, choice, nominal; geese, live, per pound, 10c; ducks, 14c; plfreons, $1(81.50: squabs, t23. EGGS Fresh ranch, candled, 35o per dozen; Eastern, 24 28c per dosen. PORTLAND LIVESTOCK MARKET. Prices Current Locally on Cattle, Sheep and Hogs. The weakness that has been apparent In the hog market for some time past resulted yesterday In a slight decline on the top grade. Other livestock prices were un changed. Receipts were 220 sheep and 90 lambs. The following prices were current In the local market yesterday: CATTLE Best steers. $3.754: medium, $2.253.50; cows. $2.65.v; fair to me dium cows, $2 2.25; bulls, $1.50 2; calves, 415 4.50. SHEEP Good sheared, $4.505; lambs, IH. 50 5.25. HOGS Best, $66.25; lights and feeders, $5(tf 0. Eastern Livestock Prices. CHICAGO. Nov. . 7. Cattle Receipts, about 9000; market, steady. Beeves, $3.30 (97.00; cows, $"1.23g4.8.0; calves, $5.607.50; Texas steers, $3.40 4.75; Western steers, $3 5.40; stockers and feeders, $2.40 4.50. Hogs Receipts, about 18.000; market, steady, 15c lower. Light. $4.856.40; mixed. $4.8B5.00; heavy, $4,806-5.40; rough, 14.80 4.95; bulk of sales. $4.U58.10. Sheep Receipts, 12.000; market, 100 low er. Natives. $2.405.75; Westerns, $2,500 5.20; yearlings, $5f5.65; lambs. $498.70) Western lambs, S4&6.55. ' OMAHA, Nov. 7. Cattle Receipts. 800; market, active, 1015c higher. Native steers. $ 41) 6. 50; cows and heifers, $233.75: Western steers. S2.756; Texas steers, $2.75 4.25: range cows and heifers, $1.75 3.25; cannon, $l.502.25; stockers and" feeders, $2. 7 a4. 75; bulls, stags, etc.. $1.502.50. Hogs Receipts, 2700; market, 25o lower. Heavy. 4.83S 4.95; mixed, $4.854.90; light, $4,753 4. U0; bulk. $4.854.90. Sheep Receipts, 5000; market, steady. Yearlings. $4.604.90; wethers, J4.254.50; ewes. $434.25; lambs, $5.25 8. KANSAS CITY. Nov. ft Cattle Re ceipts, 6000; market, steady to lOo lower. Native steers, $4.25 6.25; do cows and heifers, $1.60 4.25; stockers and feeders, $2.754.t6; Western steers, $4.S04.60; do cows. $2 3.60. Hogs Receipts. 11,000; market, 1625a lower. Bulk of sales, $4.704.85; heavy, $4.654.80; packers, $4.854.90; pigs and light, t4.25S4.no. Sheep Receipts. 6000; market, lOo lower. Muttons. $4. 254)4.73; lambs, $56.10; range wethers. $44.W0; fed ewes, $3.508. QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce in the Bay City Markets. BAN FRANCISCO, Nov. T. The following prices were quoted in the produce markets today: Vegetables Cucumbers, BOSTSc; garlic, 6 8c: string beans. 24o; tomatoes. 60c$l; okra, 4006c; egg plant. 6075c. Poultry Turkey gobblers, 2122a; turkey hens, 1820c; roosters, old, $44.60; roosters, young, $57; broilers, small, $34; broilers), large, $484.60; fryers. $4.5085; hens. $4 T.50; ducks, old, $45; young, $G7. Butter Fanoy creamery, 31c; creamery sec ond. 26c; fancy dairy, 27c; dairy seconds, 25o; pickled, 2828c. Eggs Store, 2327o; fancy ranoh, 02 o; Eastern, 2224c. Cheese New, 14H16o; Young America, JBH5M6o; Eastern, 18c. Wool Spring Humboldt and Mendocino, 24 4123c; Nevada, 1518Hc; South Plains and S. J., I35Tl6c; lamba, 818c. . Hops Old, 35c; new, 7H10c, Mlltotufts Bran. $2627; middlings. $31S32. Hay Wheat, $1722.60; wheat and oats, $14821 ; alfalfa, $1114; stock, $812; straw, per bale, OSjTOOc. Potatoe Early Rose, 90c$1.10; river Bur basks, $11.20; Salinas Burbanks. tl.40jfl.65; sweets, tl.251.50; Oregon Burbanks, $1.103 1.85. Onions $2.202.26. Frultj Apples, choice, $1.75; common, 60o; bananas, tlii3.60; Mexican limes, $55.60; California lemons1, choioe, $5; common, $1.25; oranges, navels, $3.5004; pineapples, $1.75 2.6. Receipts Flour, 4108 quarter sack; wheat, 635 centals; barley. 2040 centals; oats, 1530 cental; beans. 1710 sacks; potatoes, 3420 sacks; bras, 180 sacks; hay, 220 tons; wool, S93 bales; hides, 98. Metal Markets. NEW YORK, Nov. 7. The London tin market was lower, with spot quoted at 135 and futures at 137 10s. Locally the mar ket was weak with quotations ranging from 2. 50 29. 80c. The London copper market was lower, with spot quoted at 60 5s and futures at 59 15s. Locally the market was weak and prlcca lost part of .their recent gain, with Lake closing at 1414.25c; electrolytic 18.78 iff 14c, and casting. 13.60 13.76c. Lend was lower in London, with spot quoted at 17 15s. Locally the market was weak but unchanged. Spelter closed lower, at 21 12s 8d In the London market, but no change was reported, locally. Iron was unchanged, with standard foun dry quoted at 49s and Cleveland warrant at 40s 10 lid In the London market. Locally no change was reported. - Dried Frnlt at Kw York. NEW YORK, Nov. 7. Evaporated apples are In light demand but prices are steadily held. Prunes are unchanged on spot and most of the trade are receiving enough fruit thrcugh deliveries on forward contracts to supply their present needs. Aprloots and peaches are unchanged. Raisins are in fair demand, but are of fered freely with loose muscatels quoted at TTi8Mc; seeded raisins, 7 14 11 Vic, and London layers, $1.75 1.85. Coffee and Sugar. NEW YORK, Nov. 7. CofTee futures closed steady, net unchanged to 10 points lower. D'-comber, 5.455.50c; March, C.Boc; May, 5. 705. 75c; July, 5.805.90c; September, quiet. No. 7 Rio, 6 He; No. 4 Santos, 80. Mild crffee, dull: Cordova, 9H12c. Sugar Raw, quiet; fair refining, 8.40a; centrifugal. 08 test, 3.90c; molasses sugar, 3.05c. Refined, qutet; crushed,' $5.70; pow dered, $5.10; granulated, $5. Dnlry Produce In the East. CHICAGO, Nov. 7. On the Produce Ex change today the butter market was steady; creameries, 2024c; dairies, 1922c. Eggs Steady at mark, cases Included, 17H C20Mic; flrsus, 22c; prime firsts, 24c. Cheese Steady. 12S4T14C New York Cotton Market. NEW YORK. Nov. 7. Cotton futures closed steady. November, 10.33c; December, 10.63c; January. 10.20c; February, 10.22o; March, 10.25c; April. 10.27c; May, 10.29c; June, 10.26i; July, 10.2Sc; August lOOBa, CHECK TO RECOVER! Rise in Bank of England Rate Hurts Stocks. WEAK TONE AT THE CLOSE Atchison Line and Industrial Re ports Also Bear Heavily on the Market More Gold En gaged for Import. NEW YORK. Nov. 7. Several important vent today served a an admonition that conditions are not yet ripe to remove defi nite Influences of the financial disturbances from which the country ha suffered. The action of the stock market indicated some disposition to contest the effect of these vents, but a heavy tone prevailed ulti mately. The rise in the official discount rate of the Bank of England to 7 per cent, while clearly foreseen yesterday, wo too Imposing an evidence of the strain now extending through the world' monev markets not to 'make a formidable Impression. It had been expected that the Imperial Bank of Ger many would be forced to further raise fts rate, but the Increase in the Bank of France rate to 4 per cent, bod not been so much considered and emphasized the Influence of the English bank's action. The 7 per cent rate of the Bank of England has no paral lel since the crisis of 1873. although the rate in that year went as high as 9 per cent. In the case of the 4 per cent of the Bank of France. It seem not to have been touched since the Franco-Prussian war period. The' decline of $15,000,000 in the bullion holdings of the Bank of England during the week and In the Bank of France of $6,225,000 ehow the reason of the solicitude which has prompted the rise In discount rate, although the Bank of France's position is reinforced by a heavy loan regu lation and a large contraction of outstanding note issues. Additional gold was engaged for New York today. In spite of these measures whioh may. In fact, serve to attract gold to London and Pari from other souroea, but some In fluences seem to obstruct the' withdrawals for New York. Foreign money markets have held a suspicious attitude towards New York's requests for credits all through the present year, - but in the marketing abroad ot our commodities and payments falling due, the action of the foreign bank ing corporations have no effect on the form of maturing loans of American borrowers. Our choice of payment in gold for our ex ports, therefore, leaves foreigners no alterna tive. Another installment of some $1,900,000 of gold arrived In New York today, with a $1,000,000 Installment close at hand and others to arrive before the week end. The effect of this was most marked in the fall of premiums which are being paid for currency by some usera The extent to which the money market was affected was a disappointment to those who had looked for prompt relaxation with the first arrivals of gold. The explanation is found in neces sary repair of the deficit below the legal re serve of the banks, and also of the urgent requirement of the Interior for currency to complete the movement of the crops, a pro cess of vital Importance In righting the situ ation, and In setting free means for facili tating the liquidation. The fine levied on the Atohison for rebat ing and the reports from various sources of shutting down of industrial operations bore heavily on the market and forced it to a weak close. Bonds were irregular: total sales, $2,284, 000. United States 4s advanced per cent on call. CLOSING STOCK QUOTATIONS. Closing Sale. High. Low. Adams' Express Amal Copper Am Car 3c Foun rsio.. 165 481,4 26 i 7S 21 70 170 11 10 7 18 89 89 6614 SR14 103ft 25 81 71 83 62 78 75 81t4 140 134 73ft 150 28 1833 101 5 10 4SH 45.600 600 4814 2694 '25 75 48 2Gtf '26' i 70 do preferred .... Am Cotton OH.... do preferred .... American Express. Am Hd & Lt pf.. American Ice . . ... Am Linseed Oil.. do preferred . . . Am Locomotive do preferred .... Am Smelt A Ref.. do preferred .... Aro Bugar Ref. . . . Am Tobacco ctfe. . 4,400 2,200 1.600 12H 10 8O0 200 8.400 40 S9H 3t4 8814 66 87 10314 roe 87 600 2,100 105 Anaconda Mln Co 9.800 Atchison . 16.100 do preferred 900 Atl Coast Line... 200 88 SOU 73 71 3 84 83V4 62 '4 801, 145 14 62 TS 139 14 .Bait at onio do preferred . . . Brook Rap Trnn. Canadian Pacific. Central Leather . do preferred 800 ' 2.30O 9,300 200 Central of N J Ches ft Ohio " 1,100 2RSi Chi Gt Western... 8,400 741 Chicago & N W... 800 lS3i C. M St P 7.500 104 Chi Ter & Tran do preferred C. C, C & St L. ... 200 60 2814 133 101 uiu ruei at iron.. tfuo It lti"4 Southern 17 do l.Tt preferred 44 ao za preferred. 900 3314 Consolidated Gae.. 800 eu Corn Product jo do preferred 62 Del, Lack ft West. Del & Hudson D ft R Grande... do preferred .... Distillers' Geouri. . Erie do 1st preferred. dp 2d preferred. -General Electric Gt Northern pf . . . Illinois Central .. 875 127 18 6 41 17 SR 27;J 110 112U 122 oVi 1 014 61 8 . 55 11 80 23 40 U 9414 14 24 71 115 55 23 53 38 40 97 30 63 65 42 10714 20 107T4 7414 52 14 ' 69 13R 76-4 73 66 15 67 131 84 2814 14 29 2.600 129 12714 400 18V4 18VJ "TOO '4214 '41T4 1,300 17 17 100 89 )9 "766 Hi" Hi" 9,900 114 112U, 500 124 123 1.6O0 9 5S4 800 17 16H i'.ioo "9" "'8H do preferred .... Int Paper do preferred .... Int Pump do , preferred .. Iowa Central do preferred K C (Southern .... do preferred Louis Naeh.... Mexican Central. . . Minn & St L M. St P & S S M. . do preferred .... Missouri Pacific . . Mo. Kan & Texas do preferred .... National Lead .... Mex Nat Ry pf. ... N Y Central N Y, Ont & West.. Norfolk & West... do preferred .... North American .. Northern Pacific... Pacific Mail Penneylvanla ..... People's Ga P. C C fit L. . . . Pressed Steel Car do preferred .... Pullman Pal Car. . TOO 95 94 !4 800 14 14 "m "i.iij '72" 2O0 116 116 TOO 55 Vj 65 9O0 24 23 8"0 66 55 1.60O 38 88 Sisoo 9R "974 300 8l(J 30U 800 63 . 63 '2H66 "43" -42'" 6.O0O 108 107 33.900 10flH 107i T4U 53 17 500 200 900 15 53 17 200 13914 138 Reading 19,600 do lrt preferred. 200 do 24 preferred is 76 764 76 Republic Steel . do preferred ... Sock Island Co.. do. preferred . . . St L ft S F 2 pf St L Southwest... 400 T6 800 68 1.RO0 13 200 84 t 200 80 18 87 13 84 do preferred Bloss-Sheffleld 8614 Boutnern facing .. n 4 ( 7 do preferred .... 1,1 no 103U 102 102 Southern Railway. 200 12 1214 1214 do preferred 30 Tenn Coal Iron.. 1.000 120 101 102 Taxaa ft Pacific..- 300 19 1814 18 Tol. St L West " 200 IPti IB 19 do preferred .... 400 34 34 3414 Union Pacific 66,400 111 10914 lon do preferred . . 77 lj IT S Express 70 V S Realty ... 87 U S Rubber . .,, 16U do preferred-.... 200 70 70 60 U S Steel 88.500 25 tZ 23 vj 23 H do preferred 18.10O R5MS 83 83 Va-Caro Chem 400 1414 14'4 14 do preferred 81 Wabash 8 do preferred 600 16 1514 1514 Wells-Fargo Ex 800 WestlnghnuBe Eleo 400 51 50 5014 Western Union 200 65 64 61 14 JVheel ft L Erie -. 6 Wisconsin Ceneral .. 1314 do preferred . 28 Total sales for the day. 381,600 shares. BONDS. " NEW YORK. Nov. 7. Closing quotations: TT. S. ref. 2b rer.108 IN Y C O 314.. 86 do coupon .... 108 INortn. r'acinc 3 00 North. Pacific 4a 95 South. Pacific 4s 75 TT'nlon Panlflo 4s 95 jwiacun Cent 4s 7i!a U. S. Ha reg 103 . do coupon. .. .103 U. S. new 4s reg. I SO i0 Atchison adj 4s 79 Japanese 4s 7T i K a is su 1 Stock at London. LONDON. Nov. 7. Consols for money, 8114: do for account, 81. Anaconda ... 6.02 14 IN. Y. Central . 1O2.50 Atchison 77.50 jNorflk ft Wes 60.00 do pref. ... 0SHl i do eref . . . . 83.05 1 Bait ft Ohio 82.25 JOnt ft West.. 30.5O Can Pacific. 14II.OO (Pennsylvania. BS.00 Ches ft Ohio 2D.0O Rand Mines.. 4.25 Chi Qrt West 7.50 ITteading 4O.00 C. M. ft s. P.10S.00 ISouthern Ry. 12.75 De Beers.... 16.87141 do pref.... 42.00 D & R G 19.00 ifouth. Pacific 8 8714 do pref.... 62.00 jL'nlon Pacific. 113.50 Erie 18.25 do pref. . . . 81. 00 do 1st pf. . 41.00 U. S. Steel... 25.6214 do 2d pf . . 29.0O 1 do pref 88.75 Grand Trunk 17.(i214;Wabash -00 IJI Central. . .128.00 1 do pref l O0 L N...'... 98.00 Spanish 4a... 90.25 M. K. ft T.. 24.50 1 Money, Exchange, Etc. NEW YORK. Nov. 7. Money on call. In strong demand, 620 per cent; ruling rate, 20 per cent; offered at 4 per cent. Time loans, dull and strong; 60 days, 10912 per cent; six months. 6 14 7 per cent Prime mercantile paper, nominal, at 79 10 per cent. ' ' Sterling exchange, firmer, with actual business In bankers' bills at $4.864.8650 for demand and at $4.78 for 60-day bills. Commercial bills. $4.77. Bar silver, 69 "4 c. Mexican dollars, 4714 c. Government bonds, steady; railroad bonds. Irregular. LONDON, Nov. T. Bar silver, dull, 2T 8-16d per ounce. Money, 6 per cent. The rate of discount In the open market for short bllla Is 67 per cent; for three months' bills, 67 per cent. SAN FRANCISCO, Nov. 7. Stiver bars, 09 e. - Mexican dollara, 52c. Drafts SigHl. Sc; telegraph. Sc. Sterling on London, 60 days, $4.81; eight, 4.8514. Eastern Mining Stock. BOSTON. Nov. 7. Closing quotations: Adventure ..$ 1.00 Alloucx 23.00 Amalgamated 48.23 Atlantic 10.00 Bingham . . . 6.25 Cal ft Hecla, 5O5.O0 Centennial . . 23.50 Daly West. . v 10.00 Franklin . 7.50 Granby 80.00 Isle Royale. . 15.50 Michigan ... 9.0U Mohawk 46.00 Mont. C. & C. 1.50 Old Dominion 22.50 Osceola 81.00 Parrot 10.00 iQuincy 79.00 iShannon ....101.1214 iTamarack ... 63.00 iTrlnlty 11.50 , United Cop.. 7.5o U. S. Mining. 32.0O lU. S. Oil S.0214 Utah 83.00 I Victoria 4 2.1 iWInona 2.50 jWolverlne ...IOS.00 (North Butte.. 40.0(i ; Butte Coal... 14.50 Nevada 70o iCal ft Art. ,.108.50 I Arts Com 10.00 I NEW YORK, Adam Con. . . Alice Breece Brunswick: Con N.ov. 7. Closing quotation: 5 1 Little Chief 6. 350 jOntarlo 210 17 lOphlr 103 50 (PotosI 13 , 21 iSavage 30 Comatock Tun. C. C. ft Va... Horn Silver... Iron Silver. . . . Leadvllle Con. . 43 .Sierra Nevada.. 35 .120vlPmall Hopes.... 18 . 100 1 Standard 150 . a 1 Wool at St. Louis. ST. LOUIS, Nov. 7. Wool Steady; terri tory and Western mediums, 2325c; fine me diums, 20Sf22c; fine, 1719c. NO TROUBLE, SAYS HAYASHI Japan Trusts America to Settle Im migration Problem. TOKIO, Nov. 7. The official silence so long consistently maintained by Japan on the subject of the relations of the United States and Japan In connection with the persistent reports of friction was -broken today by an Associated Frees interview with Minister ot Foreign Affairs Haya shi. He prefaced his statement by ex pressing the hope that a sincere pro nouncement by the Foreign Minister of Japan and its publication would prevent further misrepresentation and finally re sult, in discrediting those who are con stantly circulating false and harmful re ports. He spoke not only aa Foreign Min ister, but as representing the sentiment of the entire Cabinet and the public. Minister Hayashi then said that the re lations between Japan and America were as smooth and cordial as ever, and the cause of civilization as well as community of interest demanded their lasting peace and friendship. In order that full weight may be given this interview, it is proper to state that it was granted by the Foreign Minister only after lengthy consideration of the propriety of art official statement at this time. His pronouncement confirms the views expressed on every hand by poli ticians, newspaper men and others. Minister Hayashi admitted that the Im migration question was the most serious matter and was uppermost in the publio mind, but he was positive that it would be settled without friction. Already it prac tically has been decided. The Japanese government proposes to oontrol emigra tion in such manner as to benefit Japan and at the ' same time conform to the wishes of the American Government and is taking the most active steps in this direction. The Foreign Minister believes that Japan will be able to solve the ques tion in this manner, lt requiring only pa--tience of the peoples of both countries. One thing certain is that the Japanese government is not solicitous for the im migration of Its people into any country. During the interview Minister Hayashi Ball: " , , . . "The only thing causing anxiety in the minds of the public here is the immigra tion question, but, far from being unduly excited, the people of Japan are satisfied to rest the case, In full confidence that it will be adjusted in a manner worthy of both nations, by the fair-minded people of America, who have earned that name by a pre-eminently Just and liberal policty in the extreme East during the last half century. " According to reports from va rious sources dealing with what is called the Japanese situation, it appears certain that a portion of the press of the United States is bent on representing an ultimate conflict with Japan as inevitable, and in order, apparently, to subserve this special purpose, events of trivial Importance are magnified into matters portending grave consequences. Facts wthat can be ex plained easily and naturally by the com monest kind of common sense, are com mented on and called into question on some far-fetohed, impossible hypothesis, and the uninitiated .public gracfually is led into the vague belief that the relations of Japan and the United States are anything but smooth and cordial. These mis repre sentation a are incomprehensible, .and we are unable to explain them, except on the ground of a political or financial nature. "The repeated publication abroad of Intimations of strained relations is de plorable chiefly on account of the bane ful effect it cannot fall to produce upon commerce, a delicate plant, which thrives only in the genial atmosphere of mutual confidence and cordial inter dependence. "A relieving feature is found In the happy fact that these ominous state ments find no echo on this side of the Pacific Notwithstanding persistent re ports to the contrary, the people of Japan regard the situation with a sense of complete complacency and absolute confidence. It is true that at the time of the San Francisco troubles popular feelings of mortification and resent ment were aroused, but our people knew that the hostile "feeling in America was only local and temporary, and their confidence In the fairness and justice of Americans never deserted them, even in those trying days. Arrest 187 Saloonmcn. SPOKANE, Wash., Nov. 7. (Specials Wholesale warrants were issued this morning for the arrest of saloonmen who are alleged to have violated the Sunday-closing ordinance. In all 187 war rants were Issued. The move to enforce the city ordlnancs for the closing of sa loons on Sunday is backed by the Law Enforcement League, a quasi-secret or ganization composed of 16 members, whose identity Is withheld. WHEAT IS UNSTEADY Wide Fluctuations in the Chi cago Market. CLOSES AT SHARP LOSS Firm for a Time Because of Cold Weather In Russia Slumps When the Winnipeg Mar ket Breaks. CHICAGO, Nov. 7. The wheat market opened weak because ot a further advance In the rate of discount by the Bank of England. The opening declines here ranged from iiHc to lliic. There was general selling at the start, partly for liquidation and partly for short account. The markot. however, -soon became strong because of the cold weather In Southern Rus;a. An advance of 4 cents at Winnipeg, caused by active bidding by exporters, was an ad ditional bullish Influence. The market at Winnipeg later declined 2 cents and this re sulted in a break of more than 3 cents from the high price of the day In the local market. The close was weak. December closed at 90 34c. May closed at $l1.00tt. The corn market was- weak the greater part of the day. The market became strong In sympathy- with wheat and declined along with that grain- lRter In the day. December clo-ed c off at 67Hc. The oats market was dull. . December closed HH4c lower, at 477Hc Provisions were weak early In the day because of selling by packers and lower prices for live hogs. Later, the loss was nearly regained. The close was steady with January pork up 6c, lard was off 2Vso; ribs were 2 H 5c lower. The leading futures ranged as follows: WHEAT. -Open. Hlarh. I.OW. Cloee. December ... .91 -OH .Oor May LOSS 1.02 .9S l.OOMi July .95 .97 .94 .96 CORN. December ... .87 .BS .67 .67 May .rS .69 .62 .58ft July 67 .66 .67' .68 OAT8. December .4S .49 .47 .47 May .60 .61. .604 .50t4 July' 47 '. .47 V .46 .46 MESS PORK. January ....13.00 13.35 18.00 13.25 May 13.45 13.70 13.45 13.6714 LARD. November ... 8.12 8.1214 8.12 8.1214 January . . .-. 1.U5 .8.01) 7.82V4 7.9214 May 8.00 ' 8.1214 T 5 8.06 SHORT RIBS. January 7.00 7.10 6.90 7.0214 May 7.20. 7.35 7.15 7.2714 Cash quotations were as follows: Flour Steady. . Wheat No. 2. Spring, 989'$1.02; No. 3, 92 81.02; No. 2. red. 89'fr91c. Corn No. 2, 58!4S58c; No. 2, yellow, 609 6014c. Oats No. 2, 46',4c; No. 3, white, 460c. Rye No. 2. 76c. Barley Qood feeding, 63S70c; fair to choice malting. 70590c. Flaxseed No. 1, Northwestern, $1.1714. Timothy Prime seed, $4.80. Clover Contract grades, $15.26. Short Ribs Sides (loose), $7.25?r8.25. Mess Pork Per bbl.. $1.-W13.23. Lard Per 100 lbs., $8.2214. Bides Short clear (boxed), $7.60158.00. Whisky Basis of high wines, $1.38. Receipts. Shipments. Flour, bbls 33,500 36,400 Wheat, bu 88,000 247.4HS Corn, bu 141. 8.X) 176.700 Oat, bu 169,500 164,700 Rye, bu l.oOO 1,000 Barley, bu 41.2U0 22,400 Grain and Produce at New York. NEW YORK, Nov. 7. Floui- reoeipts. 24. 800;; exports. 4000. Weak and lower mar ket. Wheat Receipts, 216,600; exports, 184,700. Spot, weak. No. 2 red, $1.00 "4 eleSAtor and $1.02 f. o. b. afloat; No! 1 Northern Duluth, nominal f. o. b. afloat; No. 2 hard Winter, nominal f. o. b. afloat. From a weak opening, wheat advanced a cent on bad Russian crop news and reports of a big export trade last Tuesday. The close was heavy at 1K20 net decline. Deoem ber closed $1.0314; May, $1. 0714c. Hops, cteody. Hides, quiet. Wool and petroleem, firm. drain at San Francisco. SAN" FRANCISCO, Nov. 7. Wheat and bar ley, eaeler. Spot quotations: Wheat Shipping. $1.60(3 1,63 per cental; milling, $1.701.T5 per cen tal. Barley Feed, $1.661.60 per cental; brew ing, nominal. Oats Red. $1.60-2 per cental: white, $1.70 1.75 per cental; black, $2.752.90 per cental. Call board sales: Wheat December, $1.62 per cental; May, $1.69 per cental. Barley May, $1.67 per cental. Corn Large yellow, $1.701.7S per cental Wheat at Liverpool. LIVERPOOL, Nov. 7. Wheat December closed yesterday at 8s ld; opened today, 8s Tid; closed, 8s. English country markets. 6d cheaper; French country markets, dull. Minneapolis Wheat Slarket. MINNEAPOLIS, Nov. 1. Wheat Decem ber, 9RA98c; May, $1.0514; No. 1 hard, 9)(ir99T4c: No. 1 Northern, 98 (jt9814e; No. 2 Northern, 94 96c; No. 8 Northern, 8890a. Wheat at Taooma. TACOMA, Nov. 7. Wheat, unchanged bluestem, 88c; club. 86c: red. 84c NORMAL SCHOOL FIGURES Statistics Showing Actual Enroll ment at Pour Institutions. SAZjHM, Or., Nov. 7. (Special.) For the first time In the history of the state, offi cial statistics are 'available showing ac curately the condition of the several state normal schools and the work performed by each. Heretofore many of the students at some of the institutions have been do ing what b properly high school work or business college work. It is said, also, that student rolls were practically padded by the enrollment of students who took only one or two studies. Under the pres ent system of uniform control one course of study is provided and every student must take the prescribed studies, including the pedagogical work. Secretary C. L. Starr, of the Board of Normal School Re gents, today completed the tabulation of the reports sent in by the presidents of the normals for the month of September. One of the presidents' was exceedingly slow in filing his report, hence the Sep tember reports are not made publio until November. The number of students in each of the four normals and the number of pupils in the training department are shown In the following: Students Pupils in Normal in Training Dept. Dett. Ashland . 122 K3 Drain 6 144 Monmouth 120 107 - Weston 133 104 Total . , 461 438 - -Ashland and Weston are the only in stitutions having state appropriations. The number of instructor at each insti tution an the total payroll of each for the first month of the new school year, are as follows: Payroll No. of for the Instructors. Month. Ashland 15 $1345.00 Drain . , 5 360.00 Monmouth 10 750.00 Weston 15 1203.40 It should be explained that several In- DOWNING-HOPKINS CO, ESTABLISHED ISM ' BROKERS STOCKS, BONDS, GRAIN wht and MM oath maA em soaxctsw Private Wires ROOM 4. CHAMBER CF COIflMRCE Phone Hals 37 structors at Ashland and Weston, Ailing minor positions, are working for almost nominal salaries; so that the average Is not a fair indication of the actual salaries paid instructors giving full time to the work. The reports show that students range in age from 15 to 36, though a great ma jority are between the ages of J6 and 22. The amount of money collected or due and not collected, at each institution, is as follows: Collected. Due. Ashland $.'94.00 $i:ts.ou Drain 294.00 126.00 740.0(1 924.00 Monmouth Weston . . STOCKMEN VOICE PROTEST Continue to Demand More Kquitabla Grazing Privileges. JOHN DAT, Or., Nov. 7. (Special.) The advisory board of the Grant Coun ty Stockmen's Association made its first annual report at the recent meet ing of that body, from which the fol lowing points are taken: Our main contention has been that we have not got our rights in the allotment of range and we are sorry to confess that In this mat ter, which is of such vital Importance to us, we have got no further than the recognition of the Justice of our demand and general as surance from the Department . that there will be a gradual readjustment in our favor, how gradual and how long drawn-out we cannot say. We have accomplished some actual re sult, namely, an extension of time for stock to remain on the reserve in the Fall, which Is of considerable benefit to us, and the e tabllsbment of a third district with head quarter at John Day, which we hope may lead to much more favorable consideration at the hands of the supervisor who will live among -us, and which will enable us to bring our grievances to hie attention without the delays that have hampered us so much this year. We think wo may congratulate ourselves on the strong backing received for our petitions from our Senators and Representatives in Congress, who have taken up the audgeui for us in a very whole-hearted manner. In spite of the fact that while helping us they are working against the Interests of a larger number of their constituents, showing how strongly Impressed they arewlth the realities of our grievance. We certainly have gained for ourselves throughout the state a general recognition that we are fighting for our rights and that we are not the outlaws that we have been represented to be. That The Oregonlan has been won over by the Justice of our claims Is a subjeot of much satisfaction, seeing that lt is an organ of such weight and wide circulation. The resolution was heartily and unanimously approved. It was signed by the members of the advisory board. The Grant County Stockmen's Asso ciation has re-elected its officers, as follows: President, J. C. Moore, of Mount Vernon; secretary, J. E. Snow, United States Commissioner at Day vllle; treasurer, William Hall, of Prai rie City. The advisory board Is com posed of G. S. L. Smith, L. V. Stewart, R. Danby, Lawrence Sweek and J. B. Johnson. Every section of the county and both sheep and cattle interests are represented on this board. IDAHO LAW DIFFERENT Local Lawyer Takes Advantage of Fact to Collect Debts." Several debtors who were availing themselves of the bank holidays have lately been brought to time by a local lawyer who took advantage of a differ ence between the Oregon and Idaho laws. A corporation employing a large number of men laid off a number of them re cently, as its officers said lt had no more use for them, money being tight. The corporation refused, however, to pay the men until the holidays were over, know ing that no action could be brought against lt in the local courts. It was found that the company had assets In Idaho, so when one employe, in need of his wages, applied to a lawyer, the prop erty of the corporation in Idaho was at tached and suit commenced. The dis charged laborer received his cash within 24 hours. A mining man with large property in terests in Welser and other Idaho towns, who was renting a cottage in this city refused to pay the rent simply because of the long-drawn-out holiday. His prop erty In Idaho was attached. When he learned of the fact a few hours later he could not get the money Into the hands of his landlord quick enough. Holidays do not affect the transaction of legal business in Idaho. DAILY CITY STATISTICS Births. NORRIS At corner Fifth and Madison, November 3, to the wife of J. M. Norrls, a daughter. WALCH At 418 East Twelfth street. No vember 8, to the wife of Michael Walch. a son. FLANAGAN At 1088 Front street. No vember 6. to the wife of Joseph M. Flana gan, a daughter. WICKHAM At 204 East Thirty-fourth street. October 31. to the wife of John Os mond Wlckham, a daughter. FREDERICK At Good Samaritan Hos pital, October 26. to Patsy Frederick, a son. Deaths. MURRT At Valdez. Alaska. October 30, Hugh Murry. aged S3. Burial at Rlvervlew Cemetery. SINGH At Good Samaritan Hospital, No vember 5, Herman Singh (Hindu). BCERQERMEISTER At Rlsley Station. November 8. Julia Marie Buergermelster, aged 81. Burial at Lone Fir. ANDERSON At 875 Mllwaukle street. No vember 8. Annie Marie Anderson, aged 13. TOW At 62 V4 Second street. November 8, How Tow, aged 02. BUTTERFIELD At 209 ft Fourth street, November 6. William P. Butterfield, aged 79. M'NEILL At Good Samaritan Hospital, November 6. Elisabeth McNeill, aged 61. PERSONALMENTION. Isaac, Swett and wife have returned from New York City after a two months' trip in the East. Father Edwin O'Hara, of the Cathedral, delivered a sermon at St. Mary's Church, Astoria, last night, on the "Shlpberth." A fine eight-pound baby girl arrived at the home of W. B. Glafke. 1148 Thurman street, yesterday afternoon. Mrs. Glafke was formerly Miss Susie Fanning, of The Telegram force. Sydney A. M. Rose, member of the Australian Institute of Electrical En gineers, of Melbourne, Australia, is at the Oregon Hptel. Mr. Rose is an elec trical engineer and Is making a four of the world for the purpose of Investigating the latest electrical inventions, as well as for the purpose of interviewing the offi cials of the War Departments of the United States and England in regard to an automatic, self-registering target which he has invented. Mr. Rose has also taken out a patent upon a device for transmitting pictures by wire. During his visit Id Portland Mr. Rose has vis ited many of the power and telephone stations in Portland and expresses his wonder at the many labor-saving devices he finds employed. CHICAGO, Nov. 7. (Special.) Oregon people at Chicago hotels: From Portland H. M. Haller. at the Auditorium Annex; A. G. Laloupla, S. Solomon, at the Great Northern; Conrad Krebs, at the KaiserholT. rw vnT?tr ' Nr., 7 scinAs.iai tk following Northwestern people registered t aew lor.t hotels today: From Portland Miao S H FoHInc il the Buckingham: S. Mndplnnhn nnH wife, at the Broadway Central. From Seattle P. S. Cleedley, at the Herald Square;. B. E. Lewln, at the Hol land. LOSE LIFETIME SAVINGS Aged Couple From Countrr Robbed of $3000 in Spokane Hotel. SPOKANE, Wash., Nov. 7. (Special.) Henry Watt and wife, aged people of Okanogan County, while In the country today on their way to a health resort in the South, were robbed of a satchel con taining $U00 In cash, a certificate of de posit for $500 and sureties valued at $2000 their savings of life time. They have been staying at the Riverside Hotel for several days and the manner in which they guarded the receptacle containing their valuables attracted attention. While both were out of tho room for a moment this afternoon the room was entered and the satchel stolen. Waifs Will Go to the Theater. The manager of "The Sweetest Girl in Dixie" company, L. M. Boyer, has kindly invited the children at the Receiving Home of .the Boys' and Girls' Aid Society to the Saturday matinee of the above play at the Empire Theater. Mr. Boyer assured Superintendent Gardner that lt is a high moral play and one that the children of the society could bo benefited by witnessing. Mr. Gardner accepted the Invitation and. provided transporta tion can be secured, he will bring the wards now at the Receiving Home, who now are about 67 in number. The superintendent wishes to call the attention of those wishing to take chil dren on indenture or for legal adoption that they have at the Receiving Home a large number of little boys to be placed , out in family homes, aged from 5 to 14 'years; also girls ranging in age from-4 to II years. . Applications for these chil dren will be thankfully received at the Receiving Home of the Boys' and Girls' Aid Society, corner of East Twenty ninth and East Irving streets, or by call ing up East S or B 1404. Hood's Sarsaparllla keeps the blood pure and the whole system In perfect order. Take only Hood's. Every Woman 1 vm tslntanstad and should know 3 jiALTm about the wonnarral i.C-'S: MARVEL Hhirlina Snrsv iMftl tummnd Suctum. Theit 8 a roar iranUt for N. If he cannot supply the WARVKt, accept no o'her, but ftsnd stamp for Illustrated book m1. It gives fall usrtleulsri and dtr tntinna l n- valusbletn ladles. MX RVKI, CO., . JE. SBa. ST., ! W l OBM. For sale by Laue-Davls Drug Co., 6 stores Woodard. Clarke A Co.. and Bkldmore Drug .Co. TRAVELERS' GUIDE. THE WAY TOGO EAST NEXT TRIP TRY TUB ORIENTAL LIMITED THE GREAT NOR THERN'S SWELL TRAIN. Daily to St. Paul, Minneapolis, Duluth. St. Louis, Chicago and all points East. Crosses both mountain ranges by day light. Complete modern equipment, including Compartment Observation cars and elegant dining car servioe. For tickets and sleeping car reserva tions, call or address II. DICKSON, C. P. A T. A, 122 Third Street. Portland, Ore. Phones Main 680. Home A 2288. North Pacific S. S. Co's. Steamship Roanoke and Geo. W. Oder Sail lor Eureka, San 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. San Francisco S PortLand S. S. Co. From Alnsworth Dock, Portland, 4 P. M. : SS. "Panama." Nov. 13. 23, Dec. 7. 10, etc. SS. "Costa Rica," Nov. 19, Dec. 1, 13, 25, etc. , From Spear-street Wharf, San Francisco, 11 A. M. " SS. "Costa Rica." Nov. 14. 26. Dee. 8, 20. SS. "Panama," Nov. 20, Dec. 2, 14, 26, eta JAS. H. DEWNON. Agent. Alnsworth Dock. Phone Main 170. Columbia River Scenery REGULATOR LINE STEAMERS. Dally service between Portland and Th Dalles, except Sunday, leaving Portland at 7 A M-, arriving about 5 P. M.. carrying freight and passengers. Splendid accommo dation for outfits and livestock. Dock foot of Alder st., Portland; foot of Court st.. The Dalles. Phone Mala 91, Portland. CANADIAN PACIFIC Third-class ocean rates on "Empress" 520.75 to Htttnnurjr, Bremen, Antwerp. S?8.?3 to Liverpool, London, ;iafgow. 32.50 to Scandinavian common ports. $35.60 to Hadko, Abo, 1 If I Mug for. On regular steamers $1.25 lower. Two and four-berth rooms reserved. F. R. JOHNSON. GENERAL A(JENT, 142 Third St.. Portland. Or. '.. WILLAMETTE RIVER ROUTE Steamers Pomona and Orea;onm fos Salem and way landings leave Taylor-street Dock 6:45 A. M. dally (except Sunday). Oregon City Transportation Company Phone Main 4a A 231. COOS BAY LINE The Steamship BREAKWATER leaves Portland Wednesday at 8 P. M. from Oak street dock, for Empire, North Bend and Marnta field. Freight received till 4 p. M. oa day of sailing. Pasaenger fare, first-class, $10 : second-class, 97. including herth and meats. Inquire city ticket office. Third and Washington streets, or Oak-street dock. - .-mi-rrrsAanre35. ...