lo
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.