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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 21, 1907)
THK JIUK.M.Mt UKttrUMA, TilUKSDAY, SOVEMBEK H 11KJ7. 1? PRUNE VALUES EASY Markets in the East on the Down-Grade. CONSUMPTION FALLS OFF Otter Dried Fruits Also Affcytc-l 1 the .Money Situation Turkeys Begin to Arrive for the ThniiksRlvins Trade. wir. advices lust received by the trade Indicate & weaker condition In the Eastern prune market. This Is of especial Interest in this state, as a part of the crop Is still . i i in Eastern prices Is the natural consequence of linhter buying, brought shout by the closing of mills and other establishments which has been going on since the finan cial trouble began. There are also re ports of a good many rejections In the East, and It now looks as If there would b a considerable stock carried over. The prune market advanced to an unusually high point in the Summer, and when the demand became restricted, weakness at once became apparent In values. There is no possibility of figuring what the final outcome will be. but at the present time the tendency of values is downward. The Oregon growers who sold their crops early can be congrat ulated i r,ettled tendency is also noteo m other dried fruits, a. Is the case with nearly all commodities, but this section will not be affected much by any change except In prune values. HOI'S ARE NOW MOVING FKEKI.Y Active Trade In the Oregon and Washing ton Markets. An active movement Is under way in the hop trade of this state and Waehlngion. It is estimated that 2300 bales hav. changed hands In Oregon so far thU week. Of this amount about 2000 bales were secured at prices ranging from 6 to 6 cents. . In spite of the low prices many growers are anxious to sell. Seven cents Is Quoted by dealens as the extreme .top for the boat aualll and although such prloes mean a loas to the growers, they seem .willing. In view of the uncertainty, that hangs over the market, to take this loss rather than the chance of a greater loas later. The present market is a fine thing for the shurt sellers, and It can be taken for granted that they are nq. missing the opportunity to cover their sales. Among the transactions reported yesterday was the sale by B. L. Young, of Independence, to Catlln & IJnn, of 150 bales of choice hops at a price reported to be either 6 or 1 cents. A telephone message from North Yamhill re ported that Jack Carmlchael bought an ex port lot of 80 bales there at 6 cents. In Washington. Carl Motter secured the Frey lot of 100 bales, choice at Ortlng at 8 cents, and McNeff Brothers paid the same price for the Black lot of 183 bales at Chehalls, and 4 centa for the Brownell lot of 120 bales at Puyallup. The hop movement In the United States for the fiscal year ended June 30 and the two previous years is given by the crop reporter as follows: Pounds. i903. 10O6. 1907. ., T .....88.822.039 41.820.172 44.294.830 Exports, domes. 14. b5e,12 13,028.904 16.S0U.S..4 Exports, for.... 17,600 82,434 7,921 Total, brewers' exporuP'n..and63.98.271 54.679.530 61.112,204 Imports 4,389.379 1O.11S.08U 6,211,898 Nmovement'"t!!49.8S8.8U2 44.565,341 64.900.401 The quantity of hors used by brewers has shown a steady gain, the Increase in the past fiscal year over .the previous year being 0.4 per cent- The effect on the market, how ever, haa been offset by the increased produc tion of hop!", and In rceiionae to this condl- . t ' v.. . ... . . vnVn Mnar hefnre the BBSS . 1 1 1 SS. ulBo .- . .- .. m present crop was harvested. The depression that now exists In the American brewery trade only aggravates the weakness. r ACKERS ARE IN A GOOD POSITION. -Better Able to Stand Tight Money Situation Than In Former Years. Eastern packers of tomatoes and corn have confidence In the future and many are said to be in better position to stand the strain of the tight money situation than has been the case In some of the former easonB. One of the most prominent Mary land pnekern is quoted an saying: I have looked over the situation among the packers carefully In the last few weeks and know for a Tact that they are as a whole In a better position to sit on their holdings until better times come than was the case last year or the year before. The , packers In the last few days have come to realize' that they can do nothing with the Jobber until the money stringency haa been relieved. This Is the explanation of the comparatively small offerings of corn and tomatoes now on the market. There is abso lutely no pressure to sell corn or tomatoes by the large packers. Here and there smaller concerns are willing to move goods to get a little cash, but these are isolated cases. "The pack of tomatoes for ths coun try Is estimated at Xrom 8.500.000 cases to 10.000.000 cases. Of this pack a very con siderable portion has been sold and a good deal of It has gone into consumption. The carry-over Into the new year will. I believe, v prove to be smaller than that last year, and some of the holders are confident that the market will advance to at least 93c per dozen on full standard No. 3s. UNITED STATES CHEESE SUPPLY. Reduction in Visible Warehouse Stocks Re T ported by Chief Webster. The compilation of cheese statistics by Chief Webster, of the dairy divlson of the Department of Agriculture, shows a sharp decrease In holdings In all American mar kets last month. The output for the win ter season is saiHSHn o i ov ucr cent short, due to the general scarcity of milk in most seotions. The comparative figures are as follows: Pounds Oct. 31 Cct. -06 Bept. '07. New England 1.512.818 1.730.744 1.303.992 Now York 2,198,541 4.378,880 4.128.031 Chicago 1.M8.3M 1.980.644 1.767,005 Wisconsin ... 3.802,896 3,860.132 4.808.392 Wast of Mis- Mi ; River. 2.3S.4l.j 1.M.V.IS3 2.636.310 3.093.313 Other states 2.430.473 2.633.763 Total ..'...13.133.491 10.437.176 1,001.245 HOLIDAY TRADE IN PRODUCE LINES. Ret Hers Expect Good Business. Judging From the Buying. The holiday trade In the produce markets Is opening up and sales, both to the city and country trade, are fully as good as ex pected. Figs, dates, nuts, imported grapes and cranberries supply most of the move ment in this line and the way the retailers , are buying indicates that they expect a first-class demand. A car of oranges arrived yesterday and found ready sale at firm prices The orangs market Is m good shape all over the coun- try. Prices are holding up well in Califor nia where difficulty la found In transport ing tlte crop. A car of bananas came in that was several days overdue. Three other cars were due yesterday, but have not been located THANKM.IVl.Nt; TIKKKVS APPEAR. Hut Sales are Made at 19 lo 20 Cents Eggs Firm and Butter Steady. A few shipments of Thanksgiving turkeys have come in. but the trade is not ready to take hold so easily and prices drag. Prices quoted yesterday range from 19 to 20 cents. From the advices the jobbers are receiving It Is now evident that the supply next week will be large. Live poultry of most kinds moved freely yesterday. Chickens were In demand at firm prices and ducks and geese also sold well. Live turkeys were the only weak spot In the market. There Is an active movement In eggs, as Is to be expected at this season, and ranch stock is very firm. Butter moves out well with the city creameries and prices are on a steady basts. The demand on Front street Is fair. Why Rice is Steady. There Is no probability of rice prices de clining much In the near future, accord ing to Dan Talmage's fions Company, the great authority on this staple, who say In their latest market letter: "Demand for the week has been fair. Buyers are taking freely for needs. The general distributive movement Is very near usual volume. This Is no doubt due to the unique position rice holds In comparison with other foodstuffs; not having been the football of speculation, prices have been maintained at about the normal range the past two years, hence rice la now about the cheapest food on the counter." Hank Clearings. Clearings of the Northwestern cities yes terday were as follows: Clearances. Balances. Portland S 719.423 1102.876 Seattle 1,319,373 107.890 Tacoma 663,014 43.841 Spokane 82B.360 72.811 PORTLAND QUOTATIONS. " Grain, Flour, Feed, Etc. WHEAT Club, 84c; bluestem, 80c; Valley. 84c; red, S2c. MILLSTUFFS Bran, city, 121; country f22 per ton; middlings, $28.50;, shorts, city. $23.00; country, $24.50 per ton; chop, $16 18 per ton. OATS Producers' prices: No. 1 whlto, $29.50; gray. $29.50. FLOUR Patent. $4.95; straight, $4.40; clears, $4.40; Valley, $4.40; Graham flour, $4.254.75: whole wheat flour. 4..." . .". rye flour, $5.50. BARLEY Feed, $28.50 per ton; brewing $80; rolled, 30Sp31. CEREAL FOODS Rolled oats, cream, 90 pound sucks, bcr barrel, $8; lower grades, $6.504?7.3O: oatmeal, steel-cut 45-pound sacks, $8.50 per barrel; 9-pound sacks, $4.50 per bale; oatmeal (ground), 45-pound sacks, $8 per barrel; 9-pound sacks, $4.50 per bale; split peas, per 100 pounds, $4.254.80; pearl barley, $4(&4.50 per 100 pounds; pastry flour, 10-pound sacks, $2.60 per bale; flaked wheat, $3.25 per case. CORN Whole. $32; cracked. $33. HAY Valley timothy. No. 1, $17 18 per ton; Eastern Oregon timothy, $23; clover, $13; cheat, $13; grain hay, .!.-. 16; alfalfa. Butter, Eggs, Poultry, Etc. BUTTER City creameries: Extra cream ery, 32tfcc per pound; fancy creamery, 27 H j32ic; store butter. 20c. CHEESE Oregon full cream twins. 16V4' 17c; Young America, 17 '"30 18c per pound. VEAL 75 to 125 pounds, 8J8HC; 125 to 150 pounds, 7c; 150 to 200 pounds, eO'.iC. PORK Block, 75 to 1.10 pounds. 014 7c; packers, 0V44i.7c. POULTRY Average old hens, 11 H u 12 He; mixed chickens, 10 11c; Spring chickens, ll12Hc-; roosters, 8c; dressed chickens, 12 18c; turkeys, live, 15 16c;. dressed, choice, 19 20c; geese, live, per pound, 0 10c; ducks, 121i13c; pigeons, $1.50; squabs, i'23. EGGS Fresh ranch, candled, 33 40c per dozen; Eastern, 23 30c per dfzen. Vegetables, Fruits, Etc. DOMESTIC FRUITS Apples, 7Sc2 p?r box; peaches, 75c$l per crate; pears, $1 1.25 per box; grapes, $11.25 per crate; quinces, 60c$l per box; cranberries, $9.50 12 per barrel. TROPICAL FRUITS Lemons, $5.50 7 per box; oranges, Valenclas, $3.754.75; navels. $44.50; grape-fruit, $4.50; bananas, 5c per dozen, crated, r ; . pineapples, $4.50 per dozen, pomegranates, $2.25 per box; persimmons, $1.60 per box. ROOT VEGETABLES Turnips, $1.25 per sack; carrots, $1.25 per sack; beets, $1.25 per sack; garlic, 8c per pound. FRESH VEGETABLES Artichokes, $1.18 per dozen; beans, 7 9c per pound; cab bage, 1 ; per pound; cauliflowers, 90c $1 doz.; celery. 50EOc doz. ; lettuce, hot house, $11.25 box; okra, 10 12c pound; onions, 1520c dozen; parsley, 20c per dozen; peppers, 817c per pound; pumpkins, ll4c per pound; radishes, 20c per dozen; spinach, 6c per pound; sprouts, 8c per pound; squash, llc per pound'; tomatoes, 25 f0c per box. ONIONS Buying price, $1.752 per sack. DRIED FRUITS Apples, 884c per pound; apricots, 10 10c; peaches, 11013c: pear6. ll14c; Italian prunes. 246c; California figs, white. In sacks, 5flVic per pound; black, 4H5c; bricks, 73c $2.25 per box; Smyrna, 18420c per pound; dates, Persian, 64 7c per pound. POTATOES Buying price, 60 75c per hundred, delivered Portland; sweet potatoes, 2,,42'4c per pound. Hops. Wool. Hides, Etc. HOPS 1907. 5Tc per pound; olds, 214 34c per pound. WOOL Eastern OreKon, average beBt. 13 per pound, according to shrinkage; Valley, 1820c, according to fineness. (MOHAIR Choice. 29 30c per pound. CASCARA BARK 5 14 6c per pound; car lots, 7c per pound. HIDES Dry. No. 1. 13 pounds and up. 14c Jfer pound; dry kip, No. 1, 5 to 13 pounds, 12c per pound; dry calf, No. 1, under 5 pounds. lCc; dry salted, bulls and stags, one-third less than dry flint: culls moth-eaten, badly cut, scored, murrain, hair slipped, weather-beaten or grubby, 23c per pound less; salted hides, 50c; salted kips, 50c; calf skins, 7Sc; green hide, lc per pound less. FURS Bearskins, as to size. No. 1. $5 20 each; cubs, $13 each; badger, prime. 2530c each; cat, wild, with head perfect, 30 50c; cat, house, 5 (3 20c: fox, common, gray, large prime, 50 70c each; red. $3 5 each; cross, $3 13 each; silver and black, $1000300 each; fishers, $3S each; lynx, $4.50 6 each; mink, strictly No. 1, accord ing to size, $18 each; marten, dark north ern, according to size and color. $10 15 each; pale, ptne, according to size and color, $2.30 04 each; muskrat. large, 12 13c each; skunk, 30040c each; civet or pole cat. 513c each; otter, for large, prime skins. $0010 each; panther, with head and claws, perfect. $20 each; raccoon, for prime, large, 50 75c each; wolf, mountain, with head perfect, $3.303 each; prairie (coyote), OOc$1.00 each; wolverine. $008 each. Groceries, Nuts, Etc. RICE Imperial Japan, No. 1. 614c; South ern Japan, 5!5c: head, 714c. COFFEE Mocha, 24 0 28c; Java, ordinary. 17020c; Costa Rica, fancy, 1802Oc; good. 10 18c; ordinary. 12 016c per pound. Columbia roast, cases, 100s. $14.50; 50s, $14.75; Ar buckle. $10.50; 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, 83c; red, 1-pound talis. $1.55; sockeyes, 1-poune) tails. $1.90. SUGAR Granulated. $5.60; extra C. $3.10; golden C. $5.00; fruit sugnr, $5.60; berry, $5.00; star, $5.50; beet sugar, $5.40. Advance sales over sack basis as folibws: Barrels. 10c; H barrels, 25c; boxes, 50c per 100 pounds - Terms: On remittances within 15 days deduct t;c per pound; If later than 13 days and within SO days, deduct He; maple sugar. 15018c per pound. NUTS Walnuts, 1514 020c per pound by sack; Brazil nuts, 19c; filberts, 16c; pecans. Jumbos, 20c; almonds, 1920c; chestnuts, Ohio, 25c; peanuts, raw, 64 08 He per pound; roasted. 10c; plnenuts, 10012c; hickory nuts, 10c; cocoanuts, 35 0 90c per dozen. SALT Granulated. $18.00 per ton; $2.23 per bale; half ground. 100s. $13.50 per ton; 50s. $14.00 p,er ton. BEANS Small white. 4c; large white, 4Hc; pink, 4.20c; bayou, 4c; Lima, 6Hc; Mexican red. lc. HONEY Fancy. $3.25 3 50 per box. Provisions and mined Meats. BACON Fancy breakfast, 23c pound; standard breakfast. 20c; choice, 19c; Eng lish, 11 to 14 pounds, 17c; peach, 15HC. HAMS lO to 11 pounds, 15 He pound; 14 to 16 pounds, 14Hc; IS to 20 pounds, 14 He; picnics. 10Hc; cottage, 12c; shoulders, HHc; boiled, 24c. SAUSAGIS Bologna, long. 8c; links, 7 He. BARRELED GOODS Pork, barrels. $20; half-barrels. $11; beef, barrels, $10; half barrels, $5.30. DRY SALT CURED Regular short clears dry salt, 12c; smoked, 13c: clear backs, dry salt, 12c; smoked, 13c ; clear bellies, 14 to 17 pounds average, dry salt. none; smoked, none; Oregon exports, dry salt, 13c; smoked. 14c. LARD Kettle rendered: Tierces. 124 c; tubs, 13c; 50. 13c; 20s. 13HC; 10s. 13Hc: 5s. 13Hc; 3s, I3"4c. Standard pure: Tierces, ll4c; tubs. 12c; 30s. 12c; 2s, 12Hc: 10s, 12Hc; 5s, 1214c. Compound: Tierces, 8Hc: tubs. Site; 50s, 814c: 20s, 8T4c; 10s, 9H'c; 5s, 9 c. ,i PORTLAND LIVESTOCK MARKET. Prices Quoted Locally on Cattle, Sheep and Hogs. The livestock market was unchanged yesterday. The day's receipts were 230 sheep and 240 hogs. The following quotations were current in the local market: CATTLE Best steers. $3.3004; medium, $2.2303.50; cows, $2.5003; fair , to medium cows, $20 2.25; bulls. $1.500 2; calves, $3.25 03.75. SHEEP Good sheared. $4 0 4 50; full wool, $4.2304.76; lambs, $4.505. HOGS Best, $5 5.50; lights and feeders, $4.505. , Eastern Livestock Prices. CHICAGO. Nov. 20. Cattle Receipts, 22. 000; market, shade lower. Beeves, $306.60; cows. $1.200 4.80; ' Texans. $3.254.40; calves. $5 7.23; Westerns. $3.1003; stock crs and feeders. $2.2504.45. Hogs Receipts, about 30.000; market, 10c lower: light. $4.5004.95; mixed. $4.555; heavy. $4.50 0 4.93; rough. $4.504.63; pigs, $3.750 4.65. Sheep About 15.000; market, steady. Na tives. $202.13; Westerns, $205.20; year lings, $4.7505.50; lambs, $406.50; West erns. $4 6.40. KANSAS CITY. Nov. 20. Cattle Receipts 0000. including 400 Southerns; market, steady. Nsatlve steers. $3.755.35; native cows and heifers, $1.6004.25; stockers and feeders. $2.7504.16; bulls, $2.103.75: calves, $3.500.2S; Western steers, $3,230 435; Western cows, $28.4B. Hogs Receipts, 9000; market, 5c lower; bulk of sales, $4.55 0 4.05; heavy, $4.000 4.70; packers. $4.400 4.65; pigs and lights, $4.25 4.65. Sheep Receipts, 3000; market, steady. Muttons. $464.7.", lambs. $4.90 0 6.20; range wethers, $3.7504.75; fed ewes. $3 8.45. SOUTH OMAHA, Nov. 20. Cattle Re ceipts. 4600; market, slow to 10c lower. Na tive steers, $3.25 0 5.50; cows and heifers, $2 0 3.60; Western steers, $2.7604.75; Texas steers, $2. 76 4. 25; range cows and heifers, $1.75 0 3.40; canners, $1.2502.26; stockers and feoders, $2.7304.60; calves, $806; bulls and stags, $1.5003. Hogs Receipts. 3500; .market, 1015o lower. Heavy. $4.508; mixed, $4.454.50; light. $4.3504.50; pigs, $404.40; bulk of sales. $4.4504.53. Sheep Receipts, 6000; market, active, steady. Yearlings, $4.6505.15; wethers, $4.25 0 4.65; ewes, $3.6004.15; lambs. $5.50 QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce In the Bay City Markets. BAN FRANCISCO. Nov. 20. The follow ing prices were quoted in the produce mar ket today : Vegetables Cucumbers, 60c$l ; garlic, 4 06c; green peas, 3Bc; string beans, 305c; tomatoes, 60075c; okra, 6075c; egg plant, 60075c. Poultry Turkey, young, 17J9c; turkey old, 18 20o ; roosters, old, $404.50; roost ers, young, $5 7; broilers, small, $3 3.50; broilers, large, $3.6O4.50; fryers, $4 5005; hens, $40 8; ducks, old. $405; young, $5 7. Buti.r Fancy creamery, 32o; creamery seconds, 26c; fancy dairy, 23c; dairy sec onds, 24c; pickled, 202Hci Eggs Store, 2327c; fancy ranch. 63c: Eastern. 23c. Cheese New, 13H014c; Youug America, 14H15c; Eastern. 18He. Wool Spring Humboldt and Mendocino, 2425c; South Plains and 8. J., 13016c; lambs. 813Hc Hops Old, 24c; new, 6H08o. Mirtstuffs Bran, $26.50027 50; middlings. $31832.60. Hay Wheat. $17022.60; wheat and oats. $144(21; alfalfa, $11014; stock, $8012; straw, per bale, 05090c. Potatoes Salinas Burbanks, $1.501.75; sweets. $1.4001.60; Oregon Burbanks, $1 01.25. Fruits Apples, choice, $44.50; common, 60c; bananas, $18.50; Mexican limes, $40 4.60; California lemons, choice, $6; common, $1.25; oranges, navels, $203; xdneapples. $204. Receipts Flour, 1345 quarter sacks; wheat. ,1405 centals; barley, 8620 centals; oats. 3835 centals; beans, 100 sacks: potatoes, 4940 sacks; hay, 1380 tons; wool, 6 bales: hides, 310. Metal Markets. NEW YORK. Nov. 20. The London tin market was lower today, spot closing at 135 5s. and futures at 130 10s. Locally the market was weak, with quotations rang ing from 30.23 to 30.75c. Copper was lower again in London with spot closing at 58 and futures at 57 15s. A reduction of He a pound on all grades of copper was made on the local metal ex change today. The new prices are: Lake, 12T413Hc; electrolytic, 12H12'4c. and casting, 1294 12 He Lead was unchanged in the English mar ket at 16 17s 6d. Locally the market was weak at $4.30 0 4.35. Spelter was unchanged at 21 In the Lon don market, but was lower and weak at $485 405 locally. The English iron market was somewhat irregular. Locally the market continued more or less nominal. Dried Fruit at New York. NEW YORK, Nov. 20. The market for evaporated apples continues firm, with fancy quoted at 12c, prime 9c and 1906 fruit at 8H 010 He. Prunes are without change, prices ranging from 4H to 18H 'or California fruit and from 64 to 7"4c for old and new Oregon up to 30-40s. Apricots are unchanged, with choice quoted at 21c, extra chloce 22c and fancy 24c. Peaches are quiet, with extra choice quoted at 12H13Hc. fancy 1313Hc and extra fancy 1414Hc. Rasins are rather firmer on spot. Loose muscatels are quoted at 7H4o; seeded rai sins, 7 j i 1 . and London layers nominal. Coffee and Sugar. N'BW YORK. Nov. 20. Coffee Futures steady, net 5 points higher. Sales were re ported of 78,250 bags, including December, 6.50c; March. 5 66 0 3.70c; May, 5.755.80c; July. 5.9000.93c; December, 5.956.O0; Oc tober, 6.0006.05c. Spot coffee Quiet; No. 7 Rio, 6c; No. 4 Santos, 74 c. Mild, steady. Cordova, 9H01314C . Sugar Raw. steady; fair refining, 3.30c; centrifugal 96 test, 3.80c: molasses sugar, 2.95c; refined, steady. Mill Feed Higher on the Sound. TACOMA. Wash.. Nov. 20. (Special.) The Puget Sound Flouring Mills sent out notices to the trade today of an advance of $2.50 a ton in the price of bran and shorts in carload lots. Bran is now quoted by this concern at. $22-50 and shorts at $24.50 si. ton. The demand is so heavy that the mills are behind with orders. Dairy Produce in the East. CHICAGO. Nov. 20. On the Produce Ex change today the butter market was steady. Creameries. 21H027c: dairies. 20024c. Eggs Steady at mark, cases included, 17H : firsts, 22c; prime firsts, 24c. Cheese Steady. 12H13Hc. New York Cotton Market. NEW YORK. Nov. 20. Cotton future opened firm at aa advance of 12 15 points and closed steady at a net advance of 7 12 points. November. 10.87c; December, 10.52c; January, 10.14c; February, 10.19c; March. 10.23c; April, 10.25c; May. 10.29c: June, 10.28c; July, 10.28c, and August, 10.20c. Wool at St. Louis. ST. LOUIS. Nov. 20. Wool Steady; ter ritory aad Western mediums, 2325c; fine medium. 20022c; fine, 1719c MATURING OF LOANS Causes Forcea Liquidation in Some Quarters. UNSETTLES STOCK PRICES Evidence That Interior Banks Are SlreiigthenlnK Their Position. Rise in the Premium on Currency. NEW YORK. Nov. 20. There was not the consistent weakness in the stock market today that was so conspicuous yesterday, but the course of prices was uncertain and fluctuating all day. Liquidation of the special kind that was evidenced yesterday was suspended for a time today. The per ception of this fact prompted some cover ing of shorts put out, during the decline. Hence the midday rally In the market. Suppositions as to . the source of yester day's rumors had crystallized Into rather definite information, pointing to the personal needs of an individual capitalist which di vorced the operation from any suggestion of any unfavorable comparison of develop ments. The rumors were taken to heart, however, as an evidence of possible inci dents to occur from time to time with the maturity of loans to Influential capitalists who no longer command the unlimited tol erance of banks and who may be. In conse quence, forced to similar expenditures to meet their obligations. There was a recur rence of such liquidation late In the day. The distinctly easier tone of the money market in the last day or two does not serve as an assurance against exigencies on the occasion of the maturity of time loans. The whole problem of outstanding loan obligations offers somewhat formidable pos sibilities for speculative conjecture, espec ially the conviction that nearly universal Indulgence has been shown during the pe riod of practical paralysis, from which busi ness has suffered. The usual outcome, when the business body begins to feel the cur rents of life circulate again and when, In consequence, liquidation must be renewed, is the subject of solicitude. It has been suggested that some of the occasional liqui dation of securities has come from savings banks which have placed the allotted period on the withdrawals of deposits, which no tice of Intended withdrawals will expire from time to time. The New York savings banks report, however, that a large pro portlon of such notices already have beon revoked and that newdeposlts are 'coming in to a large amount. Consideration was given to reports for warded to Wall street of the condition of Illinois 'banks and trust companies as of November 19, in response to the call of the state supervising official. The degree of re inforcement of position shown by the re ports was a matter of satisfaction and was regarded as confirmation of the Intention of the New York bankers to aid In the large fortification of the interior banks, which was being effected by withdrawals from New York. The development of the day which was least i liked was the renewed rise in the premium on currency, and signs of disorder in the foreign exchange market. The de mand which lifted the currency premium again seemed to be quite general, coming from widely different points and not due to any special need. Discounts rose In the London market and the continued with drawals of gold from that market seemed to oe viewed with some disquietude. The impression grew that obstacles might be found to the placing of the United States Treasury cne-year 3 per cent cer tificates, from which so much was hoped in the breaking of the deadlock. The ex tent to which bids were coming in for the certificates and the reports of the many questions raised by bankers concerning ths terms and the provisions of the issue, fos tered the impression of lack of smoothness in placing It. The calling of loans by the banks, which ran the call loan rate up to 13 per cent, was attributed in some quar ters to preparations by banks for subscrip tions to the United States Treasury cer tificates. The effect was to weaken the whole market again. Bonds weer Irregular. Total sales, par value. $3,722,000. United states 3s declined 4 and the 4s 1 per cent. CLOSING STOCK QUOTATIONS. ., . Closing Adama' Express TT' "W' HK" Amal Copper 26.800 46H ti" 464 Am Car & Foun. 900 267t lg do preferred loo 81 81 95 wuuu uii OUO 24 H 24 23 tt do nref erred ' Am Express " .2. Am Hd 4 Lt pf 7 American Ice 800 11 H 10; 11 Am Linseed Oil 11 Ji do preferred ; ag jocomotivs. . . 300 35H 35 do preferred inn on u 34 Am Smelt & Ref. 80,400 0114 59H HO do preferred 400 8514 84 84 Am Tobacco ctfs. 200 64 H 64 H 64 AtchT.nr i-T J.1 30 SH Atl Coast Line 2,200 03 60". 03 Bait & Ohio 16.700 7BH 7814 78 do preferred o Brook Rap Tran. 8,000 'si" 'Hk 30 Canadian Pacific. 300 141 1 ., m Central of N J " cht ftt ii CM Ter & Tran. ' s do preferred ' ' "15 Chicago 4 N w... I,8o0 1054 13014 182 -A. .n at at f 33,900 904 93 93 C. C, C St L... 400 49 49 49tZ Colo Fuel & Iron 400 15-4 1014 134 Colo & Southern. 700 1794 n n do 2d preferred 35 Consolidated Gas.. 900 864 83 82 vorn -roaucts ... 200 9H H 9H do preferred 100 1 61 62 Del & Hudson 9O0 1294 1284 129T4 riot t ... 1. . t. -. 1 . .. ' D & R Grande.. "406 H i.7H 17 do preferred eo Distillers' Securl.. 400 oP 404 39 E"ie 7,600 Mtt 13 13 00 16t preferred. 600 30 34 33 4 do 2d preferred.. 900 24 H 23J 23H vrct.tr.m cieunu.. wjo xui lODH 100H Int Paper g do preferred .... 200 68 H 68 57 , 1 w, u v do preferred 64 Iowa Central 12 do preferred . 35 K c Southern 20H uu i"cwou 40 T.nln f. Voshnlll. Q RAO no, c- . . . u. Ol 14 OWfil Mexican Central tMk Minn & St Louis 1 26' M. St P & S S M 704 U ,. . ii0 Muisouri Pacific. 800 63Vi 62 52 Mo, Kan ft Texas 2,200 23 21: 21 H do preferred 100 58H 6814 68 National Lead ... 900 85 34 84 H Mex Nat R R pf S3H - I .... 10.-"" !'. 9.1 v.i S Y, Ont & West 400 2914 29 29 Norfolk & West.. 200 62 61 H 01 H North American... 1,666 39 S8H 38 l -11 .1 .... OW . , Pennsylvania 25.800 108H 107H 18H reopie e tas .... i.ouu 14 -H P, C C A St L 56 Pressed Steel Car 200 17 16 164 ao prererrea 300 6iH 6i 70 Pullman Pal Car. 100 139 139 138 Reading 63,500 80 78 79 do 1st Dreferred. 100 75 75 75 do 2d preferred 67 Republic Steel 500 1314 13 13 do preferred 200 67 57 57 Rock Island Co... 1.000 12 12 12 do preferred 1,700 29 29 29 St L & S F 2 pf. 400 26 25 2i St L Southwest 13 do preferred 29 Southern Pacific .. 8,400 68 66 66 do preferred boo 103 10ZH 10Z Southern Railway. 800 11 10 10' do preferred 700 38 36 35 Tenn Coal & Iron T. 101 Texas & Pacific. 200 18 18 18 JUL St L & West 17 do preferred 200 33 88 33 Union Paclflc 60,800 110 108 109 do preferred 83 U S Express1 200 70 70 70 U S Realty .. 100 38 38 37 TT R Riihher 200 1414 14 15 do preferred 500 61 63 62 V S Steel 48.300 23 22 22 do preferred 27.900 80 79 79 Va-Caro Chem.... do preferred Wabash do preferred . . . . Wells-Fargo Ex. . . Westlnghouse Elec Western Union . . . Wheel ,v L Erie. Wisconsin Central. doi preferred Northern Pacific . . Central Leather . . do preferred . . . . 15 90 8 15 300 36 65 8 11 SO 104 13 69 31 111 5 15 300 15i 15H 600 200 34 63 33 s 63 7,300 1.600 300 700 5,400 600 100 105 104 13 13 71 33 112 70 Sloss-h. flield ... 31 109 5 Gt Northern Df... Int Metal .. do preferred . . . . 1! Total sales for th ft day. 465,000 shares. BONDS. NEW YORK. Not. 20. Closing quotations: U. S. ref 2s reg.104 IN Y' C G 3 . . . 86 do coupon. ... 104 iNorth Pacific 3S t. S. 3s reg. .. .100 North Paclflc 4c 90 do coupon .... too H South pacinc 48 to U. S. new 4s reg. 119 Union Paclflc 4a 95 ao coupon ....199 rsi iscon ll-qi i-i Atchison adj 4s 81 Ijapanese 4s 77 V & R O 4s ... . 88 London Stock Markets. LONDON, Nov. 20. Consuls for 81 ; do for account. 32. Anaconda 0.25 IN Y Cen... . 98.00 63.50 83.00 30.00 55.73 4.75 40.30 11.30 40.30 68.O0 112.23 82. 00 23.12 82.50 9 OO 17.00 90.00 Atchison ... 70.87 H : Nor & West do Dreferred 84.50 1 do pfd Tt O 81.00 Can Pacific .144.73 ont ft West Pennsylvania Rand Mines Reading ... Southern Ry Ches O. . . 20.30 Chi Grt W. . 7.30 CliiSt P.. 9900 De Beers 17.12 do pfd D ft R a 18.O0 South Pacific 60.50 union Pac . . do pfd Erie 14.50 I do pfd . . . do 1st pfd 88.00 IU. 5. S-teel. do 2d nfd.. 27.00 do pfd .. Grand Trunk 17.37 H 'Wabash ... Illinois Cent 123.00 do pfd ... Louis ft Nash 06.S0 'Spanish 4b . PC K 4k T . . 23.37 I Money Exchange, Etc. X.U.TTT vadi X7.-.T. " 1 1 M.inev on call. strong, 6 13 per cent; ruling rate, 7 per cent; closing bid. 6 per cent; oiiemi hi v per cent. T.I iAn..A . m Antra 1K nr cent! 90 days. 12016 par cent; six months, 8 per cent. Prims mercantile paper, nominally 8 10 per cent. Sterling exchange, strong, with actual business in bankers' bills t $4.86854.87 a. A a ... a n A AnA Af . 7Rrfi)4 79 for OO-dav Lllls. Commercial bills. $4.78H 04.79. Bar silver 59 He. Mexican 'dollars 47c. Government bonds, weak; railroad bonds. Irregular. LONDON. Nov. 20. Bar silver, steady. 27d per ounce. Money. 4 per cent. The rate of discount In the open market for short bills Is 7 per cent; for three months' bills, 407 per cent. SAN FRANCISCO, Nov. 20. Sliver bars, 69c. Mexican dollars, 52c. Drafts Sight, par; telegraph, 10c. Sterling on London, 60 days, $4.80; sight. $4.8". Eastern Mining Stocks. BOSTON. Nov. 20. Closing quotations: Adventure . . 87.60 IParrot 9.00 Allouz 22.00 jlQulncy .... 7S.30 Amalgamated 45.62 H 'Shannon .... 9.75 Atlantic 4.00. . Tamarack .. 57.00 BtaiKham 4.87 ITrlnlty 10.00 Cal & Hocla 573.00 United cop. . 7.50 Centennial .. 18.00 U. S. Mining. 82.00 Con Range.. 49.25 U. S. Oil 8.37 Daly West .. 10.87 !Utah 32.00 Franklin 6.75 Victoria .... 4.00 Granby 70.00 Winona 3.00 Ise Royale .. 14.75 Wolverine A 106.00 Mass Mining 2.25 North Butte. 35.00 Michigan .... 7.75 Butte Coal ..120.30 Mohawk 44.O0 'Nevada .r . . 6.02 Mon C ft C. . 1.00 fCal ft Ariz... 94.00 Old Dominion 21.00 tArl CAm . . 8 30 Osceola 76.50 v s NEW YORK, Nov. 20 Closing quotations: Adams Com.... 5 lLlttle Chief 6 Alice 400 Ontarl 200 Breece 35 Ophir 90 Brunswick Con. 50 Potosl 10 Con Cal ft Va. .30 Savage 25 Horn Stiver . . , . IOO Sierra Nevada.. 20 Iron Silver ....'.100 Ismail Hope ... 20 Leadvil!e Con. . . 7 (Standard 100 MAKE IDLE CAPITAL WORK Appeals to Citizens to Help Banks Resume Vsual Functions. PORTLAND. Nov. 18. (To the Editor.) Theorize as we may about the usolessness ox money and Its circulation, who will question that the threatened paralysis to business and the attendant suspension of Improve ments Is traceable to the change of attitude of banks to the people and of people to the banks? Not that money has left the coun try, but the tendency Is to refuse to circu late lt 'reely. A few months ago when the banks began to refuse to loan for Improvements, some critics said that the banks were blocking the growth and development of the country. Today bankers can Justify their course by pointing to the fact that they must keep the money in hand to meet tho demands of depositors. If a general settlement must be made with those who choose to own the money rather than Its equivalent In prop erty, the banker. It would seem. Is com pelled to clieck Improvements and deny applications for loans. Suppose, however, reaaonable loans had been made, the securi ties kept in the banks, and If the mon-ey employed in the transactions again flowed back to the vaults, who would have been Injured? The shaking up of the banks has demon strated thJ fact that the great majority are conducted honestly, with Intent to aid enterprising men to do business. In all classes of business engaged in for profit, men are found who overreach, and recent developments may be admitted as proving that for public safety and to promote pub lic confidence, there should be some method devised to Insure depositors against loss from a reckless or dishonest use of trust funds. Were it a mere matter of having safety vaults to preserve surplus money, forcing money to be locked up and kept out of circu lation. Uncle Sam could soon settle the question. But to keep the money safely and yet keep lt moving, la not so easy of adjustment. It is every man's right to claim his own. to demand that his prop erty be safely kept, no matter jvhat may be, the nature or quantity of the prop erty. On the other hand, it is the duty of every citizen to use his property with a view to subserve not only his private but public interest. How are we to prosper without any circu lating medium with which to do business ? Time will adjust matters, but "time I money" and the longer business is stopped the more will w ages be reduced, When business starts again. It is not only the loss of the time during suspension, but tf busi ness Is supended for any groat period, lt will require months and possibly years o get wages to tho point they were when sus pension began. A bank account of a few hundred dollars means much to Its pos sessor and Is as sacred as are the pos sessions of the rich. For that reason. It seems a shame to pursue, a course that will not only eat up the few hundred dollars, but will force us to start again at a much elower pac than when business was sus pended. No city In Union Is In better tfhape to grow during the coming year than Port land. The entire Pacific Coast haa certainly & bright future, and no other city here abouts has boomed itself less than Port land. None ether has better financial con dition, or so little cause to suspend Im provements, i- Angeles has passed through Presidential elections with her pay roll in go?d condition without half the re sources at her command now possessed by Portland. Tha latter city Is now on the map. Mare eyes are turned this way than aver before, and never was the way so clear for prosperity. Millions of dollars lie Idle, not evsn drawing Interest money that by proper use will draw many millions from distant flelds provided Portland moves on the coming year as It Is her privilege and duty to do. - Where did organizations ever have a better chance to .prove their usefulness? If banks are not to be patronized why not em ploy the use of the various organizations which bring men together in business rela tions to form combljies to use the money now Idle, either by forming Joint stock com panies or by IncorporatliTB;? If ever a time existed when organized efTort was invited to prove the efficiency 0t co-operation, that time Is now, and In Portland, Oregon. The fact that men go where something Is doing, and also because there will be an unusual number of men scattered throughout the Union next year looking foi-$a growing metropolis to which, they may gravitate, makes the field all the more Inviting. Time is the essence of oppor tunity. T. J. rORDNY. SEE RISER'S SCENIC PHOTOS. New store. 24b Alder street, OREGON SCHOOL BONDS We have several lots of very choice, seasoned, Oregon School Bonds which we are offering at particularly attractive prices. These bonds are in denominations of $500 and $1000 each, both principal and interest payable in GOLD, affording an abso lutely safe and profitable investment. MORRIS BROTHERS, CHAMBER OF COMMERCE, PORTLAND, OREGON ONLY BRIEF BULL! Wheat Market Is Weak Most of the Day. FURTHER LOSS AT CLOSE Bearish Sentiment Due to Decline at Liverpool and Listless Tone of the Stock Market Ex port Trade Is Slack. CHICAGO. Nov. 20. The wheat market opened weak and with the exception of a temporary rally In the middle of 'the ses sion, the sentiment -was bearish during the entire day. A decline at Liverpool was largely responsible for the Initial weakness here, while the listless tone of the stock mar ket contributed to a great extent to the heavy :.::..- which was manifested later In the session. A slack demand from exporters was an additional bearish factor. The selling was chiefly by Northwestern longs. The mar ket closed weak. December opened to c lower at 03 to 93SjC, sold between 92c and 933934c, and closed at 92c. May opened VdSHc to Vjc lower at 1.02i3$1.02. sold between $1.014 and $1.02 and closed at $101. The market was Inclined to be strong be causo of wet weather throughout the com belt. There was considerable selling of May by commission houses which was based on the weakness of wheat. On this account tne December option was relatively stronger than, the more distant delivery. The close was firm. December opened a shade to jbc lower at 64r9 to 54c, advanced to o54c and closed at Do&aC. May opened unchanged to c higher at 56 to 60Vc, sold between C5ic and 66U and closed at SC'i'Sta'fcc. Oats were bearlshly affected by the weak ness of wheat. A feature of trade' was selling of December by an elevator concern. Trade In general was small. December ooened a shade lower at 46o sold between 46H &nd 46e and closed at 46c. May sold between 40H9tc and 50c and closed at 60c. Provisions were weak early, rallied later on covering by shorts, the close belngt firm. January pork showed a net gain of 25c; lard was up 7c; ribs were al3o up 7c. The leading futures ranged as follows: WH EAT. Open. High. Low. Close. December ...K,W .93, .924 .92 May 1.02 1.02 1.01 1.01 July 96 .97 -96 .96 CORN. December ... .64 .55 .64 .55 May .56 .56 -55 oOy July 55 .56 .65 .66 OATS. December ... .46 .46 .46 .46 May 60 .50 .49 .50 July .44 .45 .44 .45 MESS PQKK. January 12.30 12.67 12.30 12.67 May 12.65 18.00 12.65 12.97 LARD. JanuaSjr 7.62 7.80 , 7.62 7.67 May 7.67 7.82 7.67 7.80 SHORT RIBS. January 6.72 6.90 6.72 6.82 May 6.86 7.02 6.85 6.95 Cash quotations were as follows: Flour Steady. Wheat No. 2 spring, $1.00$1.04; No. 3, 93clg$1.03; No. 2 red, 91930. Com No. 2, 68S58C. Oats No. 2, 46 e; No. 3 white. 46fe50c. Rye No. 2. 76. Barley Good feeding, 0268; fair to choice malting, 76988c. Flax seed Northwestern, $1.10. Timothy seed Prime, $4.20. Clover Contract grades. $15.50. Short ribs Sides (loose) $U.756$7.7G. Mess pork Per barrel. $12.50&$12.75. Lard Per 100 lbs., $8.87. Sides Short clear (boxed) $8.376'$7.e2. Whiskey Basis of high wines, $1.39. ' Receipts. Shipments. Flour, barrels .41,000. .'12,400 Wheat, bushels .19,300 53,000 Corn, bushels 275.000 J.:."w Oats, bushels 249,000 2.20 Rye, bushels 12.000 6.700 Barley, bushels 39,600 6,100 Grain asd Produce at New York. NEW YORK. Nov. 20. Flour Recepits, 19.300: exports, 6O00. Market, dull and unchanged. Wheat Receipts. 11.000; exports, 199. 200. Spot, easy; No. 2 red. 99 c elevator, and $1.01 f. o. b. afloat; No. 1 Duluth, $1.13 f. o. b. afloat; No. 2 hard Winter, $1.06 f. o. b. afloat. Trade in wheat was very slow all day and the market generally lower, due to the weakness In stocks, lower cables, absence of bull support and liquidation In Decem ber. The close was 2&2c lower. De cember closed $1.02 and May at $1.09. Hops, dull. Hides, dull. Petroleum and wool, steady. Grain at Ban Francisco. SAN FRANCISCO,. Nov. 20. Wheat and barley Quiet. Spot quotations: Wheat Shipping, $1.60 1.66 per cental; milling, $1.7001.76 per cen- m i, Barley Feed. $1.551.60 per cental. Oats Red. $1.602 per cental; white. $1.55 1.65 per cental; black. $2.7592.90 per cental. Call board sales: Wheat May, $1.7201.73 per cental; December. $1.68 per cental bid. Barley May, $1.66 per cental; December, $1.S11.52 per cental. Corn Large yellow. $1.7001.75 per cental. Kuropean Grain Markets. LONDON. Nov. 20. Cargoes, quiet; Cali fornia prompt shipment 42s; Walla Walla prompt shipment 41s 6d. LIVERPOOL Nov. 20. Wheat December closed yesterday at 8s d; opened today at 8s d: closed today at Ss d. English country markets some higher, some lower. Frenoh country markets quiet but steady. Minneapolis Wheat Market. MINNEAPOLIS. Nov. 20. Wheat Decem ber, $1.01; May. $1.091.9 : No. 1 hard, $1.05; No. 1 Northern, $1.04; No. 2 North ern. $1.011.01: No. 8 Northern, 969 98c. Wheat at Duluth. DULUTH. Minn., Nov. 20. Wheat No. 1 Northern. $1.02; No. 2 Northern. $1.00; December, $1.01; May, $1.08. Will Test All Locomotives. PITTSBURG, Nov. ZO.-Beginnlng next week and continuing for at leeat two weeks, the Pennsylvania Railroad will conduct the most exhaustive test of lo comotives ever made by a railroad com pany. The object is to learn the actual worth of each of the Ave types of locomo tlmes now in use on the system. The test will be made on the Crest Line division of the Pittsburg, Fort Wayne Sr. Chicago. At this time the first real teat of tha Pacific machine, the first of which was put in service several months ago, will be made. This is known as the largest pas senger locomotive in the world. It weighs more than 204,000 pounds. Dally Treasury Statement. WASHINGTON. Nov. 20. Today's; ftats tnent of the Treasury balances hi the general fund shows: Available cash balance $237,601,770 Gold coin and bullion 22.602,14 Gold certificates 70.998.00O WE WANT YOUR POULTRY EGGS and VEAL and HOGS Highest CASH PRICES Paid Prompt Returns Write Us SOrTlLKRN OREGON COMMISSION CO. 97 Front St., Portland. W. H- McCorquodale, Manager. C. GEE WO The Well-Known Reliable CHINESE Root and Herb DOCTOR Has made a Ills study nf mrttu an. I hartal, und 4 In that study dlsoovered and is giving 10 m" I world his wonderful I remedies. Drum Used H tuxes Without Operation, or Without the Aid of the Knife. He guarantees to cure Catarrh. Asthma. Lung. Throat Rheuma tism Nervousness. Nervous Debility, Stom ach. Liver. Kidney Troubles; also Lost Man hood. Female Weakness and All Private Diseases. a gcRj5 CACEU CURK Jost Received from Peking, China Sate, Sure and Reliable. IF YOU ARB AF FLICTED. DON'T DELAY. DELAYS ARB DANGEROUS. If you cannot call, write for symptom blank and circular. Inclose 4 cents In stamps CONSULTATION FREE. Xbe C. Gee Wo Chinese Medicine Ca, 162Va First St.. Cor. Morrison, Portland, Oregon. Please Mention This Paper. Hi n noti-sniseneoi I remedy for uonorrhtse Gleet. Saermatorrhcea, vr inrei, unnatural eia ' charges, or any la fla suns' ttis eiatestea. tion of mucous mem ITHeE? IH$ OHEMIiwlOti branes. Hon-estriafenfc 0ol4 by Druggists, or saot In plain wrapper, by szrss, prepaid, faf 1.00. or S bottles, $.7ti urtuiai ft- isnissni TRAVELERS' GUIDE. THE WAY TO GO BAST NEXT TRIP TRY THE ORIEIf TAX LIMITED THE GREAT NOR THERN'S SWELL TRAIN. Daily t 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 servloe. For tickets and sleeping car reserva tions, call or address H. DICKSON, C. P. A T. A, 122 Third Street, Portland, Ore. Phones Main 680. Home A 228t mm .s"tVs C2lsM T LU mmm. In ttrUlort fP-.miioiiwri.i.rl North Pacific S. S. Co's. Steamship Roanoke and Geo. W. Elder Sail for Eureka, San. Francisco and Los Angeles direct every Thursday at 8 P. M. Ticket office 132 Third St., near Alder. Both phones, AL 1314. H. Young, Agent. Sao Francisco & Portland S. S. Co. Only direct steamers to San FrancUco; only ocean steamers leaving Port land by daylight. Fat and Com m odious STKAMSIIIP SENATOR Sails from Alnsworth Deck, 4 P. M., Nov. 25 JAS. II. DJSYVSON, Agent. Alnsworth Dock. Phone Main 268. Columbia River Scenery REGULATOR LINE STEAMERS. Dally nerv.ee between Portland and Th Dalles, except Sunday, leaving Portland at 7 A M.. arriving about 5 P. M., carrying freight and passengers. Splendid accommo dations for outfits and livestock. Dock foot of Alder St., Portland; foot of Court st.. The Dalles. Phone Main 014. Portland. COOS BAY LINE The Stnamshlp BREAKWATER leaves Portland Wednesday at 8 P. M. tronT Oak street dock, tor Empire, North Bend and Marshflrld. Freight received till 4 P. M oa day of sailing. Passenger 'sr.. first-class, $10; second-class. 17. Including berth and meals. Inquire city ticket office. Third and Washington streets, or Oak-street dock. WILLAMETTE RIVER ROUTE Steamers Pomona and Oregona for Salem and way landings leave Taylor-street Dock 6:45 A. st. dally (except Sunday). Oregon City Transportation Company "none Main 40. A S3L i