Morning Oregonian. (Portland, Or.) 1861-1937, August 06, 1908, Image 15

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Morning Oregonian., August 06, 1908, Page 15, Image 15

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Newspaper Page Textlo THE 3IORXIX6 OREGOXIAN, THURSDAY. AUGUST 6, 1903. r heat IS BOOMING Portland Exporters Buying Heavily at High. Prices. EL'JESTEM QUOTED AT 93 Orer Three Million Bushels Said to Have Changed Hands In the Past Week Reasons Given for the Hurry. Th boom In the wheat market show no Ign of an erly subsidence. The scramble to get hold of grain Is participated In by nearly all th member of tha trade, but by far tha heavleat buying, according to re jMJrt. la by the Portland Flouring Mill". Kerr. Gtfford Co. and Balfour. Guthrie Co. It la said that over 3.000.000 bushels have been bought since the present flurry began, about a week ago. It was thought that yeMerrtay might bring about some abatement of the activity, on the assumption that the buyers had their fill of wheat purchased several cents above the market, but with the receipt of higher rabies and the phenomenal advance In the East, the local traders again went at It hammer and tongs. Everyone Is accusing tha other fellow of bulling the market, but It Is noticed that when one Arm puts out a higher quotation In any section, the bid is promptly met or exceeded by other buyers. Local track prices quoted by ex porters yesterday were 90 cents for club. 01 cents for forty-fold and S.I cents for blue st em. The reason for the bulge In the Pacific Northwestern field Is still more or less of a myetery. One of the explanations offered Is that the buyers are seeking to fill their warehouses at this esrly stage and are bid ding up prices to establish a reputation among the farmers. It Is also said that one of the large exporters has made ton nage engagements for six big cargoes and his competltora are forcing him to pay excessively for his supplies. A more plausi ble reason advanced Is that the buying, on th part of one of the firms at least, has been of a speculative character, and the bullish turn taken by the world'a markets Is responsible for Its continuance. Th highest bid for December wheat at th Board of Trade yesterday was 92 cents, an advance of one cent over the top price of the preceding day. Sellers, however, were not In evidence and no business was trans acted. September wheat was quoted nom inal at 9 cents. Oata were unchanged at fl.15 for Septem ber and fL20 bid for December. Barley ahoVed much strength. 11 20 being offered for both deliveries. At a meeting at noon, the following new member were elected: Independent Ware house Milling Company, of Wasco; Pen dleton Roller Mills, of Pendleton; Glrvln Eyre, of San Francisco; chllcott. Wright A Co.. of Portland; J. H. Klosterman, of Portland: E. H. Harding, of the Gaston Milling Company; Carlisle. Kain A Co.. of San Francisco and Portland; Olobe Grain Milling Company, of San Francisco. Receipts for the day were 7 cars and 5.V1 sacks wheat. 120 sacks barley. 1S55 sacks flour, 58 sacks bran. 175 sacks shorts. 70 aacks middlings. 10 cars and 759 bales hay. The range of futures waa as follows: WHEAT. . . Ooen. High. Low. Close. Sept. Dee. . .1 . ... . ..- .. .90 .92 . - r.82 OATS. Sept. 1 1 MS .... 120 Dec l BARLEY. Sept. I.... MO HO ;hs Dec 1.2Q 1 - OREGON HOP MARKET IS LIFELESS Crop Report From the State Are Con flicting Conditions Elsewhere. Th hop market Is almost stagnant. Only ona or two small lots of l07s and a single lot of olds changed hands during the. week at th old prices, while In contracting nothing at all was reported. Crop reports from the atate are conflicting, but it Is generally agreed that the yards are In need of moisture. The Waterville Times of July 31. said of th New York eropr Th tremendously hot weather of the past few days has again checked the growth of the vine, but hop are not suffering to the extent of other crops. The opinion still prevails that there will be a light crop, variously estimated from a quarter to one half short of former years, but of excellent quality. Official report at hand aliow the net lm porta of hops Into England from August 31. 1907. to June 30, 1908. amounted to 138.841 American bales (l5 pounds a against lli99 bales last year and 93,000 bales the year before. New Tork advices are that late cable Teported unfavorable weather In some aee tlon of Europe and former estimate might have to be reduced. The latest English trade report received by mall follow; Wild, Neame A Co.. London The growing crop promises well, hut there Is still a prlnkltng of vermin to be found In placea. ,W. H and H. I. May. London There Is about th usual trade doing for this time of th year, and prices are at last quota tion. Exchange and Hop Warehouses. London There la very little business passing Just now. the demand being only for Immediate needs, to carry on. Plantation reports show that the hops continue to grow well, not much vermin being reported. Cattley. Grtdley Co. London The heavy rains that have fallen during the past week have to some extent benefited the plantations generally, but it Is desirable that we have a resumption of fine, bright weatbeT to properly develop the burr, which at this time of year, is Just coming out. and. consequently, is In a very sensitive condition. The market remains quiet, with price unchanged. Foreign reports and cables from America all mention that crop prospects are satisfactory. Manger A Henley, London The very un seasonable weather we have experienced lately has had Its effect on the plant, and the prospecta for a crop are fast fading away. There is more doing In the market than for some time past. J. H. Meredith & Co., Worcester Except In the best cultivated plantations, the bine has not made quite so good progress re cently, and a return of more settled weath er is desirable. Adolf Heller writes from Prague under date of July 20; I'nder the influence of favorable weather the hops are doing very well, and It is ex pected. If warm weather continues, that picking In this country (Bohemia) will be commenced early next month. There Is all probability of the proper growing out of the hops, and In this case the yield will be a heavy one and above last year'a. and an other season of unremuneratlv prices will be Inaugurated- The quality and condition of the Bohemian hops, especially the Saas hops, promises to become excellent. In the other Austrian districts the state of the plantations has not much Improved, as the drought has continued. In the southern districts the picking of the earlles has al ready commenced: the yield Is a poor one only, but th quality and color are first rate. In Germany the plantations made good progress, and the estimates of a good crop are upheld. MOST LINES OF f KI IT ARE WARCE First Car of Sweet Potato Start North From Merced. There was an active demand for fruit yesterday, but supplies In most lines were scarce. Three cars of peaches arrived and they cleaned up well at 85 cents to f 1 per box. A single car of watermelons waa re ceived and the market waa very firm at 14, cents loose. Cantaloupes, peara, good auolef and bananas were also scarce. A few Wenatchee apricots were received and sold at fl.2S per crate. Tomatoes were In oversupply and weak at 80S; 90 cents for average offerings. Summer celery is quoted at 90 cents to $1 per tfosen. The first car of Merced sweet pota toes was started for Portland Tuesday. fcPRINti CHICKENS QUOTED LOWER Eggs Hold Steady and Butter and Cheese Are Finn. The poultry market I "till sluggish, with Spring chickens about the weakest Item In the list, springs sold yesterday at J4 cents, while hens were in some demand at 12 cents. Ducks continue slow with old quo'I at 12 cents and young at 1314 cents. There Is Inquiry for young turkeys, of which few are to be had. The egg market held steady yesterday at unchanged prices. Receipts were 315 cases. Butter snd cheese were firm'. Butter re ceipts were 101 boxes. Bank Clearings. Clearings of the Northwestern cities yes terday were as follows: Clearings. Balances. Portland 9.S0.234 1143.072 Seattle ." I.33S.S1W Tacoma 723.5.V2 fDOkane I.OIS.542 147.4t! 36.o7 6V.309 PORTLAND MARKETS. (loard of Trad Grain Quotations. WHEAT Track prices: Club, 90c per bushel: forty-fold, 91c; red Russian, 88 c; biucstem. 9.1c; Valley, 90c. . FLOUR Patents. 14.65 per barrel; straights, ft.O0Sf4.55; export. f3.T0; VaV ley. 14.45; i-oack graham, 4.0; whole wheat. H 5: rye. $5.50. BARLEY Feed 123.50 per ton; rolled. 1256 26; brewing, f26. MILLSTUKFb Bran. 120.00 per ten; mid dlings, f M 50; shorts, country. $28.50; city. f2S; U S. Mill chop. (22. OATS No. 1 white. 26.50 per Ml gray. 126. HAT Timothy, Willamette Valley. $14 per ton; Willamette VaHey, ordinary. $11; Eastern Oregon. $16.50; mixed, $13; clover, fu; alfalfa. $11; alfalfa meal. $20. Vegetable and Fruit. FRESH fRUITS Apples, new California. $1,2511.75 per box; cherries. 3610c per lb.; peaches. 75cfl per box: prunes. $1 per crate; Bartlett pears, $1.75 per box; plums. 4(Ka30c per box: grapes, $1.33(31.50 per crate: apricots, $1.25. BERRIES Raspberries. $1 per crate; loganberries. $1 per crate; blackberries). 60c fail. TROPICAL FRUITS Oranges. Mediter ranean sweets. $:i3-7.- per box: Valencia dates. $484.25 per box: lemons, fancy. $5 5.5U per box. choice, $4.5ujo; standard. $2 per box; arapefruU. choice to tancy. $3.50 per box; bananas. per pound POTATOES New. $1.15(91.25 per 100 lbs; sweet potatoes. 7c per pound. MELONS Cantaloupea. $2.30(82.73 per crate; watermelons. $1.23 per 100 loose: crated. Wc per pound additional; casabaa, $2..'o per doxen. ONIONS California. $1.50 per sack; Wa:i Walla. $1.15610; garlic. 10c per pound. KUOT V12GETABe.ES Turnips. $1.50 per sack; carrots, $1.75; parsnips. $1.75; beets. $1 30 VEGETABLES Bears. 7c rer pound; cabbage. 2c per pound; com. 251j30c per do.; cucumbers, hothouse. 8540c per dozen; outdoor, $1.00 per box; egg plant, loc per pound; lettuce, nead. 13c per dozen; parsley, 13c per doxen peas. 4c per pound; peppers SglOc pe. pound: radlrhe. 12H-C per doxen; spinach. 2c per pound: tomatoes, tiOc&fl per crate; celery, 90c$fl doxen; artichokes. 73c doxen. Dairy and Country Produce. BUTTER Extras. 27Hc per pound; fancy.-25c: choice, 20c; store, 18c. EGGS Oregon extras. 23c; firsts. 22S23C; seconds. 21622c; thirds. 15620c; Eastern, 23$ 24c per doxen. CHEESE Fancy cream twin. 14Hc per pound; full cream triplets. 14Hc; full cream Young America. 15 Ho. POULTRY Mixed chickens. 11c lb.; fancy hens. 12c; roosters, 9 10c; Spring. 14c; ducks, old. 12c: Spring. 1314c; geese, old. Sic: goslings. lOl&llc; turkeys, old, lb 6 lc: young. 2pc. VEAL Extra. 88Hc per lb.; ordinary. 76 7uc; heavy. 5c. PORK Fancy. 7c per lb.; ordinary; 6c; large. 5c. MUTTON Fancy. 899c. PORTLAND LIVESTOCK MARKET. Prices Current Locally on Cattle, Sheep and ' - - ' Hogs. Livestock receipts were better yesterday but there was no change in quotatlona. Hoga continue Arm under a good demand, and but for the fact a large part of the arrivals are stockers and feeders, the mar ket would show Improvement. In cattle and sheep the tone was Inclined to be weak, but everything moved at previous prices. Th supply of lamhs was heavy and th de mand only moderate. The decision of buy ers to discriminate between trimmed and untrlmmed lambs is causing protest on the part of shippers, but the trade declares that the practice will be followed, both here and on the Sound from now on. Receipt yesterday were 127 cattle, 250 aheep, 150 hogs and 350 lambs. The following prices were current on live stock In the local market yesterday: CATTLE Best steers. $3.63 ft 3.73; me dium, f 3.253.50; common. f 3ft 3.25; cows, best. $2.30-8 3; medium. $2 23&2-50; calves. $4 3. SHEEP Best wethers. $.1.30; mixed, $3: ewes. $2 30412.75; lambs, best trimmed. $4: untrlmmed. $3.50$ 3.73. HOGS Best. $6.50177; medium. $3.75 6 6; feeders, $5.30(93.75. Eastern Livestock Market. OMAHA. Aug. B Cattle Receipts. 2000; market, steady to 10c higher; Western steers. $3,509,140; Texas steers. $3 4.65; rows and heifers. $2 509 4 40 canners. $1.75 2.75; stockers and feeders. $2. 754. 75; calves, $2.505 5.50; bulls and stage, $2,239 4.25. Hogs Receipts. 8000: market, steady; heavy. $rt.35'B rt 60; mixed. $8.35'? $6.40; light. f30i40; pigs. $3.50g 6; bulk of sales. $H.:i.'.j B.4(. Sheep Receipts. 1O.0OO; market, steady. Yearlings. $4.4"4.75: wethers. $3.S5a4.23; ewes. (.!: lambs. f4-8 8. 50. KANSAS CITY. Aug. 5. Cattle Receipts. 7nn; market steady. Southern steers, $3.40 4s 4.50: Southern cows. $26 3.40; stockers and feeders. 34.75: lulls. $2.5093.30; calves. $3 306 3: Western steers, $3.75'$ 5.50; Western cows. f 2.50 3.75. Hnfi Receipts. 0OOO; market, strong to 3c higher. Bulk of sales. f 6.50 ?r 6.75. heavy. $6 751i 6.X3; packers nr.d butchers. f ri.60 6 80; light. $6 4X0 6.73: pigs. $. Mi 5.60. Sheep Receipts. SO00: market. steady. Muttons. $4M.: lambs. $5j SO; range Mothers. $3.80&4.90; fed ewes. $3.25tT4.25. CHICAGO. Aug 5. Cattle Receipts, about IH.ooO; market, steadv to a shade lower. Beeves, $3.70SP7.75: Texan. $3.5iis 5.50; Westerns. 3.6ofc 5.8(: stockers and feeders. $2.4g 4.40: cows and heifers. $1.50 &.Y50: calves. $5.5t''ft 7.25. Hogs Receipts. 22.000; market, steadv to strong: light. $ 13i 6.83; mixed. $6 20 6 95; heavy. $6.15fJ 6 93;. rough. $615tp6.4; good to choice heavy. $6.44)6.95: pigs, $3.HOTi6.13; bulk of sales, $6 45fe0 75 Sheep Receipts, about 20.0on; market, steadv to 10c lower. Natives. $2.50i4.5O; Westerns. $2.30: 4..-.0: yearlings. $4.50 5. IO; lambs. 14.501 6.60: Western. $4.25(9 6.70. QUOTATIONS AT SAX FRANCISCO, Price Paid for Prodnc la th Buy Clt Market. SAN FRANCISCO. Aug. 6. The follow ing prlcea war quoted In th produc mar ket today: Mi!'iu(Ts Bran. $28931; middlings, $32,504(35. Vegetable Cucumbers, 25fl60c; garlic, 465c; green peas, 2tj3c; string be ana, 3 6c; asparagus, 3j.Sc: tomatoes. 50ciS$l; egg plant. 65675c. Butter Fancy creamery. 23Ho: creamery econds. 22c; fancy dairy. 20Vac; dairy seconds. 20c Cheese New, lOHSHHc; Young America, 12 4 u 13c. Eggs Store. 29c: fancy ranch. J3Hc Poultrv Rooetere. oid. $2.6"S4: roosters, young ,$5r7: broilers, small. $2.503; broil ers large. $3: fryers. $465: hens. $465; ducks, old. $45; young. $3.6fS4.&0. Wool Spring. Humboldt and Mendocino, UjjlSc: Mountain. 4S8c; South Plain an San Joaquin. 7 6 9c; Nevada. 9 12c. t wheat, $14' IS; wheat and oats. $12-316: alfalfa, $U13.50: stock, $8610; straw, per bale, 506 75c. Fruits Apples, choice, $1.00; common. 40c; bananas. $163.50; Mexican llmea. U 65 California lemons, choice, $4; common. $1.25; oranges, navels. $2.503.50; plneapplea. $1.50 8. Potatoes Early Rose. T5S5c; sweets. z 64c. Receipts Flour. 0S8 quarter sacks; wheat. 642 centals: barley. 3S34 centals: oats. 408 centals; beans. 213 eweke. potatoes, 1474 sacks: bran. 213 sacks: middlings, 140 sacks; hay. 631 tone: hides, 652. New York Cotton Market. NEW TORK. Aug. 5. Cotton, spot closed quiet. Ave points lower. Middling uplands, 10.75c; middling Gulf, 11c. No sales. E Advance in Prices Hampered by Course of Wheat. CAUSES EASY CLOSING Industrials, However, Are Not Seri ously Affected and Metals Are All Xotably Strong Good Tone in Bond Market. NEW YORK, -Aug. 5. The speculation for th advance In tock wis hampered again today by th disquieting buoyancy of the wheat market. Speculative operations? are discernible as partly responsible for the spec ulative Jump which have occurred In the wheat market In the last few days, and al lowance 1 made for this fact In estimating the significance of the price movement a an Index of crop conditions. The financial district has not relinquished lu comfortable faith that prosperous crops for the year are already practically assured. The new of the high temperature of the last few days, however, hss not been without disturbing effect, coming at a period recognised as criti cal for the Spring whesit crop. Private ex perts in the employ of speculative house both in grain and stock, have added the burden of alarming report of the extent of the harm don to Spring wheat by rust. These Influence were at work at full force In toiZay'a financial marketa. With the tem perature at the excess of discomfort In Wall atreet Itself, the profeeeional profit-taking speculators were more than ever Imjirewed with the posslbliltle of burning up of the corn crop before It la garnered. The Gov ernment crop report to be published on Fri day Is awaited with more than usual inter est. The sinister Import allowed for the ri In the price of wheat was of effect In cur tailing rather than In preventing the ad vance. Prices In many Instance. In fact, rose to new high levels for the present year, although yesterday' record were not greatly bettered in that respect. Of the stock which are favorites with the professional traders this im generally true. The group of metal Industries were all notably strong. American National Lead and American Smelting es pecially were buoyant and outstripped their companion in the group. Some of the rail road running through territory. In the South west took up the advancing tendency after reaction set In for the Spring wheat roads. The spurt In Rock Island preferred waa given some speculative significance as a pos sible reflection of the entry Into, the move ment of the group of capitalists In control of the property. Among the factor making for restraint were the preparation made by the Interstate Commerce Commission to Investigate the pro posed Increase In freight charges. The news of activity by the Department of Justice In seeking evidence to prosecute the suit against the Harriman railroad merger was regarded as a possible disturbing factor as it shall de velop. The resort to flamboyant advertising to Incite a speculative furore In stocks was looked at askance as likely to arouse dis trust rather than to Inspire a following. The sustained strength of whtat told on the speculative tone of stocks as the day wore on and helped to make th closing easy. Bonds were strong. Total sales, par value. $3.916.O0O 1'nlted States 3s. registered, ad vanced H and the 4s, registered, 4 per cent bid price. CLOSING STOCK QUOTATIONS. . Closing Sale. High. Low. Bid. Amal Copper 38.2O0 80 71)', 71H4 Am Car & Foun. 6.0U0 40 40 40 do preferred ... 100 103 103 102 1 Am Cotton Oil... 1.400 35V4 34 34(4 Am Hd & Lt pt M Am Ice Securl... 1.2O0 1!84 2i4 -'H Am Linseed Oil.. WO 1 1 ! 10 11 Am Locomotive.. 8.000 67 66 56 do preferred . . . '. 107H Am Smelt A Ref. 43.5O0 P4j P2i-i S do preferred ... 1.000 110, l!a Am Sugar Ref... 8.10O l.'!3H 14H, 132 Am Tobacco pr. . SCO 83 83 Am Woolen 800 23 25 25 Anaconda Mln Co. 13.0O0 40 48H 48 Atchison 8.700 " 88 87 87 do preferred 8'0 04 04 93 Atl Coast Line.. .600 02 K2 62 Bait & Ohio ,000 82 91 91 do preferred 83 Brook Rap Tran. 95.0u0 53 52 52 Canadian Pacific.. 1,700 173 172 172 Central Leather .. 1X 29 28 2S do preferred 97 Central of N J..- 200 Ches & Ohio 2.70U 44 43 43 Chicago Gt West. 2.2oo 7 4 6 Chicago A N W.. 1.600 161 160 160 C. M A St Paul. 62.500 143 142 142 C, C, C a 8t L 65 , Colo 'Fuel A Iron. 6.800 , 34 33 . 33 Colo A Southern.. 900 82 32 32 do 1st preferred 62 do 2d Dreferred. 1.600 63 52 62 Consolidated Gas.. 1.3"0 130 138 138 Corn Products ... 1.4W xiHi lw l Del A Hudson 1,100 170 170 168 D R Grande 26 do nref erred 60 Distiller' Securl.. 4.300 38 37 37 Erie TOO 24 i!4 .'4!, do 1st preferred 40 do 2d nreferred. 3O0 80 29 29 General Electric. 200 146 146 145 Gt Northern pr.. Il.WHI Ii 13, J.uvi Gt Northern Ore.. 5.700 68 67 'i 67 Illinois Central .. 6."0 130 139 Interborough Met. 4oo 11 11 11 do preferred ... 9o0 32 32 31 Int Paper loo 10 10 10 do preferred ... 100 56 56 55 Int Pump 12.300 26 24i 24 Iowa Central 17 K C Southern ... . 100 26 28 25 do preferred ... 2i'0 58 67 57 Loul & Nashville 60 111 109 .109 Mexican Central U Minn A St I-oul 200 30 30 29 M. St P A S S M. 1.400 117 116 117 Missouri Pacific. 4.400 67 63 66 Mo. Kan & Texa 2"0 82 31 31 do preferred ... 100 R4 64 63 National Lead ... 28.SIX) 83 78 82 N Y Central 1.400 ll 107 107 N Y Ont West. 3.800 43 42 42 Norfolk West. 600 73 73 73 North American.. 1.900 66 66 63 Northern Pacific. 14.000 143 142 142. Pacific Mall 3" l x"t 24-v Pennsylvania 4.4O0 126 126 125 Peoples Gas uu w) P. C C A: St L 72 Pressed Steel Car 6"0 34 34 33 Pullmsn Pal Car 164 Ry Steel Spring.. 1.000 48 45V 45 Reading 114.600 1 24 1 22? 122 Republic Steel ... 1.400 21 21 21 do preferred ... 2.2O0 7 74 73 Rock Island Co.. 4.SO 18 18 18 do preferred ... 27.6O0 t!6 33 35 St L A S F 2 pf. 1,600 28 28 28 St L Southwestern 30 17 17 18 do preferred ... 40O 41 40 40 Slose-Sherrield .... I.6O0 63 62 62 Southern Pacific, .. 28,800 85 94 94 do prefered ... 2K 119 118 118 Southern Railway. 2.5"0 20 19 ; 19 do preferred ... 1.300 51 60 60 Tenn Copper 1.2"0 39 38 3S Texas Pacific, l.loo 26 25 25 Tol. St L or West O0 23 22 23 do preferred ... 3.4"0 52 50 51 Union Pscillc ...101.200 156 155 155 do preferred ... 100 83 83 82 U B Rubber 4.300 35. 34 34 do 1st preferred, l.ooo lol ion loo U S Steel 63.300 48 46 46 do preferred ... 14.100 111 111 111 Utah Copper 3.000 40 40 40 Va-Caro Chemical. 200 28 27 28 do preferred 105 Wabash 1.000 14 13 14 do preferred v 28 Westlnghouse Elec 500 77 77 77 Wheel A L Erie 10 Wisconsin Central. 700 21 21 21 Total sale for the day. 778,800 shares. BONDS. NSTW TORK, Aug. 5. Closing quotation: U. S. rf. 2s reg,103'N T C O 3 91 do coupon. ... 103 .North-Pacific 3s. 72 U. S. 3 reg 100 'North Pacific 4s. 102 do coupon 100South Pacific 4s. 86 TJ 8 new 4s regr.120 Union Pacific 4s. 101 do coupon. .. .12-1 iWlseon Cent 4s. 83 Atchison ad J 4s. 90 'Japanese im 78 D ft R G 4s 92 I Money. Kxcbange, Kt. NEW TORK. Aug. 6. Money on call easy. 161 per cent: ruling rate, 1 per cent: .closing bid. 1 per cent: offered at 1 per cea. Time loans, dull and slightly firmer; 60 day. 2B2 Ter cent: 90 days. 2(ff2 per cent: six month. 89T-4 per cent. Prim mercantile paper, 84M per cent. Eterjing exchange weak, with actual business CHECKS STUCK RIS In bankers' bill at $4.844.85 for 60 daya and $4.8650 for demand. Commercial bills, $4 &384.83. Bar silver,-52c. Mexican dollars, 45c. Government bonds, strong; railroad bonds, strong. LONDON. Aug. 5. Bar silver, quiet, 24 d per ounce. Money. S per cent. The rate of discount In the open market for abort bills I per cent. The rate, of discount in the open market for three months" bills Is 1 per cent. ' i SAN FRANCISCO, Aug. 5. Silver bars. 62c; Mexican aorta, sight. 10; telegraph. 12. Sterling 60 days' $4.85: sight, $4.87. Stock at London. LONDON. Aug. 3. Consols for 86 8-16: do for account, 85 5-16. 987VWN. T. Central money. 111.50 Atchison 90.23 IsNorfik A Wes 75.73 83 00 do pref 96.00 do pier... si.it A nhlo. 95.00 Ont A West 44.00 64. SO 6.50 63.73 20.75 52.50 97.12 160.50 SS.00 47.62 114.12 14.23 29.30 92.50 81.62 Can Pacific. 17.02 Pennsylvania. Ches Ohio. 45.0O Chi Grt West 7.50 c. M. S. P. 16.50 be Beers.... 11.25 n A R a 28 73 Rand Mines. Heading Southern Ry. . do pref South Pacific. Union Pacific. do pref U. 8. Steel do pref Wabash do pref Spanish 4s. . . . Amal Copper. do pref. . . HS.3U 25.37 41.87 81.50. Erie do 1st pf. do 2d of. Grand Trunk 18.2$ 111 central. . .143.30 I. A N.s ... .113.00 Mo. K ft T.. 33.12 Dally Treasury Statement. WASHINGTON. Aug. 5. Today's state ment cf the Treasury balances in the gen eral fund, exclusive of the $150,000,000 gold reserve, shows: Available cash balance 22V2?5-i Gold coin and bullion SlllVoiS Gold certificates t.m.sou WHEAT HIGHER AT SEATTLE STEADY ADVANCE HAS STIMU ' LATED BUYING, Traders Believe It Is Runaway Mar. ket and That Values Will Recede. SEATTLE. Wash.. Aug. 5. (Special. 1 Wheat jumped up here two cent today on the Merchants' Exchange, and at the close NO. 1 bluestem was quoted at 93 cent. The teady advance of the last few days has stimulated buying remarkably and there is more activity than is usual at th!etlme of the year. While trading Is heavy, several large buyers believe this is a runaway mar ket and that values will recede Adylct! received here today state that 63 cents s being paid for wheat at Krupp. which la the highest price of the season Apple receipts today were 1066 boxes, the heaviest of the season. Heavy receipts of Bartlett pears broke the market and prices went off 50 cents a box, to 1.' Applcs are from 25 to 50 cents lower all around. . , Tha deputy fruit Inspector today caught 450 boxes of fruit, principally apples, plums and pears, which had been condemned at Vancouver. B. C, and had been recon slgned to Seattle commission men. The trull was burntd. All dairy produce was steady, except but ter whtch is strong. The market is likely to go up 2 cents on Saturday afternoon. Metal Markets. NEW YORK. Aug. 6. The London tin msrket was higher today, with spot closing at 137 12s 6d and futures at 13S 17s 6d. Th local market was quiet, but higher, with pot quoted at 30.62830.82c. Copper advanced over 1 In the London market, with spot quoted at 61 1 6d and futures at 62 5s. I-ocally the market was firm and a slight further advance was re ported. Lake being quoted at 13.37ai3.62e. electrolytic at 13.25?13.50c and casting at 13 13.25c. . Lead advanced to 13 10s in London, but while firm, was unchanged at 4.5054.53c lo cally. Spelter was quiet. Coffee and Sugar. NEW YORK. Aug. 5. The market for coffee futures closed barely steady at a net de.-llne of 5(6' 10 point. Sale were report ed of 20.230 bags, including August. 5.63c; September. 6. 55 (& 3.60c ; October. 5.3c; De cember. S40(R 3.43c; March. 5.45(S 5.55c: May. 5.50c. and July. 5.60c. Spot, quiet; Rio No 7. 6c; Santos No. 4, 8c. Mild, dull; Cordova. 912c. Sugai1 Raw. quiet; fair refining. 3.70c. centrifugal. 96 test. 4.20c; molasses sugar. 3-403.45c. Refined, quiet; crushed, 6c; powdered, 5.40c; granulated. 5S0c. Wool ait St. Louis. ST. LOUIS, Aug. 5. Wool, quiet: territory and Western mediums. 1518c; fine mediums, lCS15c; fine, 9 12c. Dairy Produce In the East. CHICAGO, Aug. 5. On the Produce Ex change today the butter market was firm. Creameries, 1820c; dairies. 17(ifl9c. Eggs steady, "at mark case included. 14(B15c; firsts 17c; prime firsts. 20c; extras, steady. Cheese, firm. ll13c; NEW YORK, Aug. 8. Butter, firm: cream ery specials. 22c; extras. 22c; third to first, 18521c. Cheese Dull. Eggs Unchanged. DAILY CITY STATISTICS Death. MENOES At 370 Chopman. August 2. JaCOO Mengr.. nmivr v 1 J - - DENNMEIR At 410 North Twenty-first. August 3. M. N. Dennmelr. native of New Y(pOPEAt Forest Grove. August 2. James V Pope, age 71. A G1LROY At 818 Morris. August 2. F. S. Gllroy. native of Oregon, aged 20 DICK At Cryatal Spring Sanitarium, Augut 4. Bill Dick, aged 25. Birth. SERENBERG At Portland Sanitarium. July 20. to th wife of August Serenberg. CHAKLET-At 818 Pine. July 26. to th wife of Charley Lum. a son. MTLVHE At 11 East Thirtieth. July 25, to the wife of E. E McClure. a daughter. DONOVAN At 614 Cottage i-lace. Au gust 2. to th wife of John Donovan, a son. BROWN At 281 Eugene. July 6. to th wife of T. P. Brown, a daughter. Building Permits. A OEISTEL To erect two-story frame on East Twenty-third between Hawthorne and Clay: $4000. H H. FLOWER To erect tw6-story frame on East Sixteenth, between Bras.ee and Knott: $2800. ADA L. SIMPSON To erect two-story frame on Northrup. between Twenty-first and Twenty-second: $10,000. JOHN HORN To erect two-story frame on East Thirty-first, between Hawthorne and East Main; $2000. j price To erect one-story frame on navel, between East Twelfth and East Thirteenth: $190O . - W T DUNSMORE To erect one-story frame on Sumner, between Denver and Gay; 1F" H. KEARNEY To erect two-tory frame on Morrison, between Jessup' and Church: $161(0. J R MAGUIRE To erect one-story frame on East Flanders, between East Seventeenth and East Thirty-first; $1500. . Marriage License. PATERSON-COLEMAN Fred C. Peterson. 23 city; Haxel J. Coleman, 21. city. EIVE-RS-SCRIVEN A. L. Elvers. 26, city; Vie Scrlven, 19. city. GOODNOW-HOBAN Cleon C. Goodnow, over 21. city; Sadie Hoban. 22. city. KETCHUM-GOODWIN Reuel K. Ketchum, 19. city; Esther Marie Goodwin, over IS, city. HUGHES-VOLMARI Paul R. Hughe, 33, Hood River; Marie Volmarl, 26r city. BU-CHER-RESNER John R. Bucher, 66, city: - Ida May Resner. 44. city. LBNC-WHITEHURST Thomas F. Lenc, over 21, city; Ida M. Whltehurst, over 18. city. MYERS-M'CLINTOCK B. F. Myers. S2, city Sarah Elisabeth McCUntock. 26. city. HOUSTON-BARTLETT N. F. Houston, 32, city; Maud R. Bartlett. 30. city. Wedding and visiting cards. W. G. Smith ft Co.. Washington bldg., 4th and Wash. Olympla Malt Extract, good for grand ma, or- baby. Only 15-100 of 1 per cent alcohol. Phones: Main 671, A 2467. A Remarkable Record - THE Gained more business in Oregon in 1907, than any other Life Insurance Company. Up to THE POLICYHOLDERS' COMPANY Oregonfifc Dividends to Policyholders SSr-oS.fi??.: 0 fA.fYnTli iCKUllillC THE rULit l M.J.Lr.n-."v iu.uc-a m. Not Even One Death feSSFSVSjFS iSSE w are in "Purely Oregon" securities and All Our Investments is. the upbuildins of a Greater f There is no other Life Insurance Company as good as tJJrCgOIl i if C THE POLICTHOLDEKS' COMPANY Home Office : Corbett Building, Cor. Fifth and Morrison Sts., Portland, Or. A. L. MILLS. Prwldent; U SAMCEL, Gfm eral Mannirers CLARENCE 6. SAMUEL. Assistant Manager. THREE-GENT J Wheat Prices Are Soaring at Chicago. FEARS FOR SPRING CROP Black Rust Reported Spreading In Northwest ; Serious Shortage In France Oats and Corn Higher. CHICAGO, Aug. S. Feara for the Spring wheat crop, due to the protracted period of high temperatures and, to th spread of black rust In the Northwest, kept the wheat market In an extremely bullish condition all day and enabled several of the leading longs to un load" large lines of wheat at steadily ad vancing prices. Commission houw had been swamped over night with buying orders, and when the market opened the demand for wheat was so great that price advanced by leaps and bounds, the Initial quotations on all de liveries showing gains of one cent or more, compared with yeMerday'a final figure. An unexpected advance of Id at Liverpool and a report that Fraace, having failed to raise sufficient, wheat this season for her own needs, will have to import about 20,000.000 bushels, lent additional Impetus to th up ward trend of values early In the day. As trading progressed, fresh report were re ceived telling of Injury to the growing crop In the Northwest by rust and hot weather, which caused still greater aggressiveness among buyers. As -a result, prices con tinued to advance until all deliveries were more than three cents above last night' closing price. The high point for Septem ber was reached at 96Ttc. December soared to IWHc, and May at the same time sold at $1.08. Bullish enthusiasm showed little abatement as the session drew toward a close, and at the finish prices were, only a trifle below the best records for the day.- September wheat opened H'ff'c to ric. higher, at MM to Wc. advanced to 6SC, and closed at 96Dc. December ranged between Mc and Pftftc, and closed at nST, 90c. May sold between 1.00g$1.00T4 and 1.0S4 and finished at I1.03ti. Mlnenapolis, Duluth and Chicago reported receipts of 350 cars, against 449 car last week and 495 cars a year ago. The. corn market was also strong the greater part of the day, although rain in the Ohio Valley last night and showers in a few places In Iowa. Kansa and Missouri, partly relieved the drought fears. The bullish sentiment was due in a large part to the big advance In wheat and oats. The market closed strong at the high point of the session. September opened ttSJic to 3c higher, at 75c to 7S4c. sold Off to T3T5c. and then ad vanced to 70c, where lt closed. Oat displayed a strong tone throughout and closed at the. high point of the day. Sep tember opened 1o to c higher, at 45'Jic to 4fic; advanced to 474c and closed at the top. Provisions were buoyed up by the strength of grain and ruled strong all day. Septero. ber pork was up 20c at 15.80; lard was ad vanced 7c to n.B7ti, and ribs were 10jjl2h higher, at I8.7!4ao. Leading future ranged a follows: TVHEAT. Open High. September .. 94 1 9T December old. 9V 99 Dee'ber new 9.(5, 99?fc May 10H4 103, CORN. September . . . T8 T December ... 64& 65 ! I.ow. Close. 94 1 9i 97 97 91 99 100' 103 H T 6&S. 64 3 UMP POLICYHOLDERS' COMPANY July 3 1 st, Had produced a much larger amount of business than in the same period of 1907. Is the cnly Life Insurance Company which confines its operations ex- clusively to healthy Oregon. May 64 Mt4 OATS. 65 .4 September . Pecember .. 40 i 47 H 47 47U 4T MESS PORK. September ...15.B5 15.R5 15 "5 15.S0 October 15.75 15.95 15.75 15.90 LARD. September ... B.S5 9.571, 9 5214 9 S71J October .l2 9H7i 0.64 9.67H SHORT RIBS. September ... 8.974 9.00 8 95 9 co October 9.02Vj 9.07 .fi2V4 07Vj Cash quotations were ss follow: Flour Firm. Wheat No. 2 Spring. 11.1061.17; No. 3. 11.01)61.10. Corn No. 2, 79879ljc; No. 2 yellow. mvtS 80ic. Oats No. 2. 47c. Rye No. 2. 70c. Barley Fair to choice malting. 2'Se.'c. Flaxseed No. 1 Northwestern. 1.3.5. Short Ribs Sides (loose) S.7.Vo9.05. Mess Pork Per bbl.. f15.T516.8tl. Lard Her ino lbs.. f.50. Short Clear Sides (boxed) fa9.25. Whisky Bast of high wines, f 1.S5. Articles. Receipts. Shipments. Flour bbls. 40.CC0 27.W0 Wheat, bushels 5M.0k SihvMiO Corn, bushels 348.0CO :i21.oio Oats, bushels 455,000 2U).OO0 P.ve. bushels .on .i.imhi Barley, bushels !,nr 22.000 Grain and Produce at New York. 21.100 barrels; exports, 10.100 barrels. Firmer, i with a quiet trade. Minneapolis patents. f5.4lX65.75. ' 1 Wheat Receipts. 131. 8T0 bushels. Spot, j strong. No. 2 red. fl.OSTs f- o. b. afloat: No. 1 Northern. Duluth, fl.SOti f. o. b. ! afloat; No. 2 hard Manitoba, fl.08 f. o. b. I afloat. Another excited advance took place in wheat today, based on further sensational damaging new from the Northwest, strong cable, higher outside markets and heavy covering of shorts. The market closed 3ic net higher and within ie of the top. Sep tember closed at fl.04c, December at fl.07 and May at fl.10. Hops Quiet. Hides Firm. Petroleum and wool Steady. Grain at Kan Francisco. SAN FRANCISCO. Aug. 5. Wheat strong. Barley, easy. Spot quotations Wheat, shfp ping, fl.BTHei.A2H: milling, fl. 65(31.70. Bar ley, feed, fl.32Hfil.35; brewing, f 1.4091.45. Oats, red, fl.85ffl.52H; white, fl.40fi1.B2H: Ladd & Tilton Bank PORTLAND, OREGON Established 1859. Oldest Bank on the Pacific Coast. Capital fully paid - - - $1,000,000.00 Surplus and undivided profits $500,000.00 OFFICERS "W. M. Ladd, President. Edward Cookingham, Yice-Pres. V. H. Dunckley, Cashier. Interest paid on time deposits and savings accounts. Accounts of banks, firms, corporations and individuals solicited. We are prepared to furnish depositors every facility consistent with good banking. 1 for Oregonians to insure in. gray, f 1.4061. 47'i. Call board sales Wheat, no trading. Barley. Derrmber. f 1.354 4 1. Si Co, large yellow, f l.S.Vq 1.90. European Grain Markets. LONDON. Aug. 5. Cargoes firmer. Walla Walla, prompt shipments, at 37s M to 3s; California, prompt shipment, at 3?s 3d. EnRllsh country markets some higher, some lower. French country markets, firm. LIVERPOOL. Aug. IS. Wheat: September, 7 fid; December. 7s 5'3d: March nominal. Weatfaer, light rauv Dried Fruit at New York. NEW YORK. Aug. 5. The market for evaporated apples continued quiet but firm, with fancy quoted at KiSlOtjc. choice at Sit prime at UT!,Sj7Uc. common to fair at 5Hi''iiC. Prunes are firm and a shade higher on the intermediate and smaller elzes. with quota tions ranging from 4 to l.lc for California, and fl"i to 7'ic for Oregnns. Apricots are slow, with choke quoted at 87'69c. extra choice at 9Htrl0c and fancy at loHSllc. Peaches are dull, with choice quoted at 8H"8Ric, extra choice at 99M,c. fancy at loioc and extra fancy at lH6'11e. Raisins are qult, with loose Muscate'.a quoted at 4-y,(65',4C, choice to fancy seeded at 6Si7Hc. seedless at 5Sc and London lay ers at fl.6Cei.65. Kastern Mining Stocks. BOSTON. Aug. 5. Closing quotations: Adventure . f 8.62H' Parrot 2f 50 Alloues 39.00 Qulncy - u. Amalgamated 79 2r. .Shannon Atlantic 15.50 'Tamarack ... J.V00 Bingham ... ."I Trinity 'i.i rkl & I ecla.69.Voo U nited Copper T OO Centennial .. mlSS.r. 8. Mlnln, 2.50 Copper Range 79 7.'. I. S Oil 24.00 Dalv West... I0.TV I'tah 4S .U H Franklin 103.no Victoria 5.i5 Granby 105.00 Winona "h. T.I Rovale . 23 50 Wolverine ...144 01) S.MRM n&: 7.00 North Butte.. 84 50 Michigan ... 13 25 Butte Coal... 20.00 Mohawk . 09.00 evana i.v.:. Mom r 7S leal Ar.l..l2S.S7 Old Dominion 42.25 Arlz Com. J4.i Osceola 114.50 :Greene Can.. IZjO NEW YORK. Aug. 5 Closing quotations: ...22. il.enavine con... o iLlttle chief 8 Mexican 83 Breece Brunswick Con Com Tun stock. 23 Ontario 400 do bonds 817 'Oj.hlr .MO CCA Va 83 ismall Hopes.... n Horn Silver 50 :-tanOarcl .185 60 Iron Silver. 1O0 I Yellow Jacket . . R. S. Howard, Jr., Asst. Cashier. J. W. Ladd, Assistant Cashier. Walter M. Cook, Asst. Cashier.