Morning Oregonian. (Portland, Or.) 1861-1937, August 12, 1908, Image 15

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Morning Oregonian., August 12, 1908, Page 15, Image 15

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Newspaper Page Text15 THE MORNING OREGONIAN, WEDNESDAY, AUGUST 12, 19Q8. 777 . ,v.ia or. viVVi ViAvnnd romnutation. The few have read the following rememoer me pcupic ' STOCKS SET BACK As you reaa inc iuuuwu.6 "r.r r- , - - iu u.,a. f mUlinns from the bushel; fortv-fold. 93c: red Russian, 87c; bluestem. 9:1c : Valley, 89c. FLOUR Patents. I4.8S per o'",! straight 4.054.SS: exports. I3J0; Val ley, 4.45; It-sack graham. 54.40; wnoie wheat. S4.8S: rye. O-0. BARLET Feed S2S-S0 per ton; - rolled. 1264 26; brewing. 28. MILLETUFFS Bran. 200 per ten; mid dlings. S30..M): shorts, country. $28.50; city. $28: U. S. Mill chop. $22- OATS No. 1 white. -8.50 per .on; gray. ,2JAT Timothy. Willamette Valley, $14 per ton; Willamette Valley, ordinary. $lli Eastern Oregon. $16.80: mixed. 13; clover. $9; alfalfa, $11; alfalfa meal. $20. Vegetable and Fruit. FRESH FRUITS Apples, new California. 12,ltilSl per box; cherries. 3H 10c per lb; peaches. 5 'ii 90c per box: prunes. $1.2.1 per crate; Bartlett pears. 1.50 1 5 r.r ? Plums. 4nfi.vc per box; grapes. $1.25 l.sn BUTTERftT30 GENTS hundreds of millions each, the many a fevv dollars eacn. xne lew gut ; " rmers could through the working of the "Stock Game." it coudt arises rccai '7mAr.A.nt many their wneat. jKocKeieucr aim vAuigi. rmllfons to buy for 50 cents stocks which they had sold to the people a short time before for a dollar. General Reaction Carries Prices Downward. City Creameries Advance 2i Cents in Price Today. SUPPLY IS UNDER DEMAND Hgg Markt Also Working Toward Higher Level Wheat Trading on Smaller Scale Cascara Bark Is Firmer. The rftv trmrti will this morning ad Tan oe tbir butter prlcea 24 centa, making the prtee of the top grade SO enU The advance Is the mult of the heavy shrink age In production which always occurs In the midsummer mioi. While the supply be fallen o. the demand ha kept np to lt normal proportion and the creamer! are finding much difficulty In Ailing their orders. The Puget Sound markets are also at SO centa. and the supply there la likewise under the demand Prices In the East have an upward tendency. The local egg market Is steadily working toward a higher level and some of the lead ing handlers believe that the 30-cent mark is not far ofT. On Front street, strictly fresh eggs are held at 25 cents, but only a small proportion of the current receipts will grade aa such, and the others range down to 22 centa, according to quality. The city cream eries and some of the up-town Jobbers are quoting fancy stock at M cents and one house at H cents. These firms candle their eggs closely and are now grading them, aa Is done at Seattle and San Fran cisco. The question of grading eggs Is likely to receive more attention tn the future, on the part of the trade In general. Heretofore, many of the Johbere have worked on the prlnelr'e that saga are . regardleaa of their quality, and have had but one price for everything In stock. The result has been that shippers have shown an Indiffer ence aa to how or when their eggs reached market, and In the Summer months port land haa been filled with eggs anything but fresh BT the new order of thing, the country shipper will soon And that It Is to hi advantage to ship his eggs In while tney are fresh and not hold them until he has a big supply on hand. LARGE AMERICAS APPLE CROP. yield Greater Than Last Veeur and Buyer Cautions. Among yeeterdajr-s fruit arrivals on Front street were two cars of California Graven tteln apples, which compare well In quality with anything seen on this market In a long time. It haa been known that Cali fornia will produce a large crop of apples, and If the ahlpment received Is a fair sam ple of the rest of the yield, there will be no complaint of quality. The Gravenstelns were offered at $12511-50 per box and California Alexanders are held at the same price. A few small shipments of early Oregdn apples have been received, a few boxes of Astrachans coming from Hood River i yes terday. They were very good for early ar rivals and were quoted at $1.256150. An Eastern correspondent In close touch with the apple situation has furnished ahe California Promotion Committee with a re port, according to the California Fruit Grower, regarding the prospecta for this season's crop throughout the country. He writes: , The New Englsnd Statee will have a total crop about equal to last year. In Maine and Connecticut the crop will be lighter. In Massachusetts about the same and In New Hampshire and Vermont heavier. New Tork promises another good crop. In the valley nf the Hudson River proper the quantity estimated Is less than last year, but the western nirt nf the state shows a big In crease. The crop In Pennsylvania la the same as last year. In Ohio, Michigan and Wisconsin It Is slightly heavier. The Middle Weet. where the principal shipments are Ben Davis, had very few apples last year and the prospects this season are no better. Virginia. West Virginia and Maryland will do aa well or better than last season. Cali fornia promisee a big Increase and Oregon. Montana. Washington. Idaho. Mexico. Utah and Oklahoma will have twice aa many as laat season. The crop In Canada does not at present appear to be aa large aa last year, but If the fruit reaches normal slxe they will probably ahlp as many barrels. Nova Scotia had a large crop last year and this year It will probably be leaa. Generally the Quality of the different kinds promises good with the exception of Ben Davis, on which there la reported to be considerable acab. Taking the country as a whole, the pros pecta are that there will be more applea than there were a year ago. These com parisons of prospecta are baaed on the pros pecta of a year ago. and while we would pot venture an opinion at the present re garding market values thia Fall. It would appear that apples will have to be pur- rhased on a. much lower basis than they vera last year to allow speculators to realise any profits. The general tenor of the Eastern trade reports Is bearish. In view of the reported large crop, but thla Is usually the case at tha beginning of the season, and until buy In. beglna for Eaatern ahlpment It cannot be said positively whether prices will equal laat year'a or fall below them. MELONS A"D PEACHES IS DEMAND Front Street Well Supplied with Fruit, for Which Demand la Strong. Four cars of watermelons were received yesterday and two cars passed through the city In transit to the north. The local de mand waa strong and prices were firm. Cantaloupes, of which one car arrived from California, also, moved freely at good prices. Oregon cantaloupes are now In good supply and large receipts are promised for today. Among the other arrivals were two mixed cars of peaches and peara. Peaches of all kinds are In strong demand, Callfomlas be ing quoted firm at 90 cents, and Oregons at 65090 centa Tomatoes are cleaning up well and the market has become firmer at 75 cents to $1 per crate. New potatoes are coming In more freely. WHEAT MARKET SOT SO ACTIVE. But Finn Prlcea Are Quoted by the Local Buyers. The wheat market waa quiet yesterday, little buying being reported from the coun try. Prices aa quoted by the Portland trade were unchanged from Monday. December wheat was offered at the Board of Trade at from 92 to 94 cents, but the beat bid was 90 cents. For December oats 1 W4 waa asked and $1209125 bin. Receip'e for the day were 31 cars and 317 sacks of wheat. 75 sacks nf oats, 2 care of barley. 410 sacks of flour and 11 ears and 55i bales of hay. Frank E. Ford, of the W. A. Gordon Company, grain dealers, haa gone to San Francisco to open a branch office of the Arm In the Mercantile Exchange building. FIRMER TONE IS CASCARA BARK. Holders Asking Higher Prices) Because of Lighter Peel. Because of the light peel of Cascara bark this Summer the market showe a somewhat firmer tone. Four cents has been paid for new bark and 5 centa offered for a carload of old bark, but holdere In the country gen erally want higher prlcea. The New York Journal o( Commerce of August 6 said: Cascara sagrada waa In a much firmer position yesterday. None was offered from the Coast, and It was a matter of surmise whether the supply there had been brought under a single control or whether holders bad agreed to withdraw for the time being. At any rate thearftect of the altuatlon was manifested In this market In a fractional advance, no bark being available below 71 fee, aa to quantity and seller. PQRTLA1 MARKETS, rtaarw of Trade Grain Quotations. WHEAT Track prlcss: Club, 89o per per crate; apricots. $1; blackDerries. ai.iuv J' L? .nmrs rwanaaa Mediter ranean sweets. $363. is per box; Valencia lates. $3.50 4.50 per w; .-w. ' " :' T . i M standard. KUiisit ner hnx: choice. .0U'8j. sisnuiu. $3 30 per box; grapefruit, choice to fancy. $3 50 per box; bananas, SH66c per pound. POTATOES Buying price: nocflll per hundred; sweet potatoes. 5c per pound. MELONS Cantaloupes. 2..-03 per crate; watermelons. $1 .50 per 100 loose; crated. V.c ner pound additional: casabas. $2.5 per dox. ONIONS California, $1.50 ner sack. Walla Walla, $1.1561.25; garlic, 10c per PORobT VEGETABLES Turnips. $1.80 per sack: carrots. $1.75; parsnips. $1.75; beets. ''VEGETABLES Beans. 5c per pound: cabbage. 22tc per pound; corn. 2530c per dox : cucumbers, hothouse. 25 a 30c per doien; outdoor, $1.00 per box; egg plant. 10c per pound: lettuce, head. 15c per dozen: parsley. 15c per dosen; peas. 6c per pound: peppers. 8ffl0c per pound: radishes. 124c per doien; spinach. 2c per pound: tomatoes. 75cfil per crate; celery, 90cj$l doxen: artichokes, 75c doxen. Dairy and Country Produce. BUTTER Extras. ROc per pound; fancy, 27 4c: choice. 25c; store. Inc. EGGS Oregon extras. 2.-.2flc; firsts. 23 ?24c: seconds, 21t22c: thirds. 15620c, Eastern. SlfiStr per doaen. POULTRY Mixed chickens. lltfllttc lb. fancy hens, 1212jc; roosters 8 9c. . Spring. 14c; ducks, old. 8!c; Spring. 109 11c- geese old. 8c; goslings, 100 lie; tur keys, old 18S 19c; young. 20c. CHEESE Fsncy cream twins. 144c per pound; full creejn trlplele, 14Vc: full cream Young America. 154c ., VEAL Extra. 9S4c per lb.: ordinary. TVoRK-F.nycV.S7c per lb.; ordinary. 6c: large. 5c. MUTTON Fancy. 8ff9c. Provisions. HAMS 10 to 13 Iba 17c; 14 to 16 Iba. 16U IS to 20 lbs., 16c; hams, skinned, loc; picnics. 10V,c; cottage roll. 12c; shoul ders. 12c; boiled ham.' 23c; boiled picnic. 18c b'aCON Fancy. 23c per lb. : etandard. 194c; choice. 184c: English. liSlittc; stripe. D.ck,. dry salt. 12Vc; n,k,di135i?r'J" .on export bellies, dry sail. Uc. smoked. LARD Kettle rendered: Tierces. lSUc; tubT 134c: 60s. 134c; 20s. 13c: 10s. 14c; 6. 144c; ia. 14c. atandard. pure Tierces, 12 4 c: tubs. 124c; 50a. 124c; 2os. 124c 10s. 13c; 5a. 134c Compounds: Tierces. b4c; tubs. 84c; 50s. 84c; 2US. S'c: 10s, 8ic; 5s. 9Hc. SMOKED BEEF Beef tongues, each. Hr Mti iac: dried beef out- side's, 15c; dried beef insldes, ISc; dried best PICKLED GOODS Barrels: Pies' feet 813- regular tripe. $10; honeycomb tripe, $1S; Digs' tongues. $11)50; lambs- tongues. $25; S. P. beef -ongues. $20; pig snouts. $12.50; nl. ears. 112.50. SlESS MEATS Beef. specials. $13 per barrel; plate. $14 per barrel; faniiiy. $14 per barrel; pork. S31 per narrei; u(iah. w w- barrel. Groceries. Dried Fruits. Etc. ' DRIED FRUITS Apples, Tfto per pound; MihM lialMi:: muues. Italian. 5&6VsCI prunes. French. 30 5c; currants, unwashed, cases. 9VaC; currants, washed, cases, luc; hit rancv. 50-Dound boxes. 644.0. RICE Southern Japan, ofcc; bead. 8c; Imperial Japan. 6to. COFFEE Mocha, 24 328c; Java, ordinary 17l20c; Costa Klca, fancy, ijk; gooa, taniHc: ordinary. 12iilttc per pound; Co lumbia Roast. 14o; Arbucitie. $16.50; Lion. 1Kit.nN Columbia River. 1-pound tails. $2 per doxen; 2-pound tails. $2.95; 1-pound ... .... . 1 1. .. -. i .. 1. Innn valla ULf! ... s- in- Alaska nink. 1-oound tails. 95c: red. 1-pound tails. $1.45; soceyes. 1-pound '"suGa'r Granulated. $6 25; extra C. $5 75; aoldeu C. $5.65; fruit and berry sugar. K.t'- nintn ba. gti.05: beet granulated. $a!o5; cube tbarrels). $6.05; powdered .!...)) 1A Ml Terms; On remittances .iihin t'x dav. deduct lie per pound; If i.t.r than ia days, and within 80 days. deduct Ho per pound. Maple sugar. 150184 per pound- . . NUTS Walnuts. 16Va(M6c per pound by sack; Braxll nuts, 16c; BiWts. 16c: pecans. loc: almonds. l4lBc; cnestnuis, jnio o-! neanuts. raw. 6aSic per pouna; roasted. 10c: Dinenuis. ivvi, muu nun loc: cocoanuts. 90c per dosen. SALT Granulated, xn.su per ion. a. per bale; half ground, loos, iu per ton; ous. BEANS Small white. Slic; large white. 614c; pink. c; oayou, c; ima, oo, can red. ... hiinkv fancy. ij.dub. a ner uu CEREAL FOODS Rolled oats, cream, 90 pound sacks, per barrel, $7; lower grades, x.vMjessO: oatmeaL ateel-cut. 45-pound sacka, $8 per barrel; 9-lb. aacka, $4 25 per bale; split peas, per 100 pounds. $4,2634.80; pearl barley, $4.50 5 per loo lba.; paatry flour, ju-pouuu Hwna, w..-. wheat. $2 75 per case. GRAIN BAGfl 6Vo each. , Hope, Wool. Hldea, Etc UOPS 1907, prime and choice, 4H5a per pound; olas, za.c per pouna; con tracts 9l 10c WOOL Eastern Oregon, average best. 10 6164e per pound, according tc snrtnkaga; Valley, 10Ol0Vc MIIHA H LDO C. ISWlOlaC ner DQIllia. HIDES Dry hides. No. 1. 14c pound; dry kip No 1. 13c pound; dry saltca. one-tnira le6s'- dry calf. 15c pound; salted steera, 7fc a- nniind: salted cows. 6c p uind: stags and bulls. 4c pouna; kij.. k vuullu w pound; green siuc-a. i iw, uvpajviiia, ahearlinae. 10 25c; short wool, 304,401:; medium and long wool, actotding to qual ity Sua 90c; dry horses, OricSj 1.50; dry colt. 25c; angora. b0cb$l; goat, common. iu(i 2llc FURS No. 1 skins Bear aklns. as to ize. No. L each. $5.00610; cube. each. $14 3; oadger. prime, each, 25950c; cat. wild. with head perieci. avvouc; nouse. vvwe. tor common gray, large prime, each. 40 60c red. each. $365; cross, each. $5015; silver ard black, each. $1008300; nshers, each. $508; lynx, each, $4. 50406; mink, atri. tw No. 1. each, according to else. $10 8; marten, dark northern, according to alas and color, eacn. iuio; marten, paie, ac cording to alia and color, each, $2.5004; muskrat. large, each, l015c; skunk, each. 30:31 40c; civet or polecat, each, 5015o; otter, or larse. nrlme akin, each, $6010; panther. with bead and claws perfect, each, $2tf3; raccoon, for prime large, each. 50075c; wolf, mountain, with head perfect, each. 63500500; prairie (coyote), 80co$l.l; wolverine, each. $6 08.00 CASCARA BARK New. 4e; carloads. 4ijc; old, 44c; carloads, sc per pound. Coal OH, Linseed Oil. Etc. REFINED OILS Water white, iron bar rels. 10c: wood barrels, 14 He Pearl oil. cases, ISc; head light. Iron barrels. 12Vic; cases. lUVic; wood barrels, 16 He Eocene, eases, sic SDOclal W. W-. Iron barrels, 14c; wood barrels. 18c Elaine, cases. 28a. Extra star, cases, 21c. GASOLINE V. M. and P. naphtha. Iron barrels, UHc; cases. 19 toe. Red Crown gasoline. Iron barrels, IOVjc; cases. 22 He; motor gasoline. Iron barrels, l&Vic; casea, 22 sc: S6 gasoline. Iron barrels, 30c: cases, 37Hc: No 1 engine distillate, iron barrels 9c; cases. 16c LINSEED OIL Raw. barrels. 55c: boiled, barrels, 57c; raw, cases, 6lc; boiled, cases, 63c. Bank Clearings. Clearings of the Northwestern cities yes- arrfav m-ere AS follOWS: Clearings. Balances. Portland $ 997. 65 $ 40.9S3 Seattle 1.654.812 1MB.056 Tacoma 694.VH 42.1.-.7 Sookane 974.777 142.SS2 Pleads for American Fruit. WASHINGTON. Aug. 1L Ambassador ! White at Paris hag addressed the French government with a view to the suspension of the decree prohibiting the Importation of aulnhured fruit, with particular rei- erence to California dried fruits, pending the report of the American board which is to Investigate the whole subject of the importation of preserved fruit and other edibles. Otherwise, It Is said, the Importations of French fruits Into this country may be seriously affected. Japan la making an attempt at locomotive construction. As an experiment five engines are being built at the Hyogo Railway woraa ones is completed and in use, giving satisfaction. FALL NOT UNEXPECTED Decline Is Xot Marked by Disorder at Any Time Crop Sews Is Generally Favorable and Bonds Irregular. NEW YORK. Aug. 11. The stock market todav had a more distinct reaction than has occurred for many days. The recent rise in the market, starting early In July, has been remarkable for ill freedom from the usual setbacks and pauses which usually characterise a speculative movement. Di gestion of pronts at intervals ana a re action over part of the upward course of prices Is considered necessary to preserve the health and undertone of the market. The conviction that such a reaction was overdue had more to do with today'a re action than any news of condition.". The selling which carried prices downwsrd was as concentrated as much of the buying which has preceded it. and which caused the supposition of the largely professional character of the recent market. Notwith standing the sentimental influence of this seeming fact, the absorptive powers of the market were good and the downward move ment gave every Indication of being In good condition. Buying ana oiaaing up or sepa,rie were employed to sustain the list and to at as a lira on the decline. Northern Pacific waa the conspicuous instance of ttiia kind and showed marKea sirer.gm. even when the general market was the weakest. The sensational uo'.nt at which the cam paign for the rise haa reached and the ad vertising devices used to foster It were the cause of some uneasiness, and aroused sus picion of the artificial nature of tne strengm of stocks of late. One of the tcature. of the more recent speculation from which excess and bad censequences Is feared is the number of obscure and low grade storks which have come Into activity. Money markets offered no new feature, except for a recession In the discount rate at Bernn in response to tne sirongwr posi tion of tn Imperial Bank. Crop advices were mixed, but In the main were favor able. Bar sliver today receded to tjitsc, the price touched In April. 1003. and not since then. The clrsing prices were at the lowest of the day. . Bonds were Irrepuiar loiai sales, par value. $4,162,000. United States bonds wera unchanged on call. CLOSING STOCK QUOTATIONS. Closing ld. 8H 81 t 102 34 21 30i 12 564 107 99 108'j 135H 93 264 451, 8k. 94 H 94 'i W, 87 1721. 20 n-.u, 200 42 B 161 J45 59 35 83 62 tj MU 139 19T 172 274 68 37 23 H 39 211 V 145 13 66 1 4 13S 12 35 'i 11 57 25 17V 25 57 16 29i 119', 57',, 32 4 4 86 108 43 74 H 64 Mi J 125'.j 9 78 35 165 44 126 Am Car A Foun. do preferred . . . Am Cotton Oil Am Hd A Lt pf Am Ice Securi... Am Unseed Oil. A m Iicomot 1 ve . . do preferred . . .m Smelt & Ret. do preferred . . Am Sugar Ref... Am Tobacco pf. Am Woolen .... Anaconda Mln Co Atchison do preferred . . Atl Coast Line.. Bait A Ohio. . . . do preferred . . Brook Rap Tran. Canadian Pacific. Central Leather . do preferred . . . Central of N J... Cr.es A Ohio Chicago Gt West. 8.000 43 43 . 6 161 145 600 7 Chlcaso At N w .. 2.600 163 C. M A St Paul.. 13.900 147 I C C. C & St L. Colo Fuel A Iron 26.200 374 34 4 354 33 624 53 13S 19 1724 27 4 '87 23 4 39 4 2!4 145 1384 664 138 12 36 114 5S( 26 17 Colo A Southern... 2.5O0 I J- 1 tA 9 1.1 do 1st preferred. 300 61 do 2d preferred. 2O0 53 2.4O0 1394 2.500 20 8on 174 700 274 Consolidated Gas.. Corn Producte ... Del & Hudson . D A- R Grande... do preferred . . . Distillers' Securi.. S.ROO 384 8.600 24 60O 40 9oO 30 400 146 4 Erie do 1st preferred, do 2d preferred. General Electric Gt Northern pf... 32.4O0 Gt Northern Ore.. 6X 139 134 374 II 58 4 27 4 17 llllnole Central .. lnterborough Met. do preferred ... Int Pa per do preferred . . . Int Pump Iowa Central .... K C Southern ... do preferred . . . Louis & Naohvllle Mexican Central.. Minn A fit Louis M. St P A S S M. Missouri Pacific. 3.200 6.500 3.900 SO0 1.2(10 500 500 400 111 17 HO 16 29 118 57 31 84 84 108 42 74 65 144 2o0 2" 10 29 l.ftoo 1194 130 584 Mo Kan Tex... 14.000 324 65 88 110 44 754 do preferred.... 80O National l.ead ... 14.0OO N V Central 4.fio N Y Ont A West, lo.loo Nor A West 2 600 North American.. 2oo 6.1 Nor Pac 77.400 1454 Parlflc Mall 200 n Pennrvlvanla ll.ooo 12fi 1254 People s Gas 1.800 87 964 P C. C A St. L Pressed Steel Car 1,!W0 Pullman Pal Car. 2O0 Ry Steel Spring.. 700 Reading 125.30O Republic Steel ... 1.300 do preferred.... 2.100 Rock Island 700 3 1664 46 128 25 82 I84 37 354 166 43 126 4 24 4, 80 4 18 30 'ii' ' 394 B3 95 II84 20 50 .19 25 25 58 4 1574 83 354 IOI 46 1094 44 4 294 24 SOU. 18i do preferred .... a.BOO 35 St L & S F 2d pf. 28" St L S W 600 700 900 18 4o 64 06 ITSi 39 M 63 do preferred .... Sloss-Shef S & I. 80 Pac 20.0o0 951, do preferred .... 200 1.200 1184 11H 20 So Ry 20 51 40 25 27 4 59li do prererrea . . . . BOO 11.200 60O 1.70O 1.200 49'4 24 Lj Tenn Copper ..... Tex A Pac Tol St L & W do preferred 25 , Cnlnn Pac 113.200 159 700 83 90l 36 '4 6.000 102 105.1O0 48 4.100 110 4.3IO 46 300 29 167 1.4 do preferred.... V S Rubber do preferred.... V S Steel do preferred.... Utah Copper .... Va-Caro Chem do preferred.... Wabaeh do preferred.... West In gh Rlec.... Weotern Union... W A L. B Wis Cent 82 4 35 46 ii.(m, 44 Vi 29 105 13 400 SOO II") 400 100 1,900 134 28 58 10 23 IS 27 75 584 10 27 4 74 4 57 10 22 Total sales for the day. 886.600 aharea. BONDS. NEW TORK. Aug. 11. Closing quotations U 8. ref. 2s reg. 10-1; N T C G 34s. . 91 do coupon. ... I03 North Pacific 3s. 724 IT. S. 3s reg. ... 1W4 North pacinc 4S. joz do coupon nniouin racinc 4S. pi tt new 4s reg. 1 2(1 4 . Un ion Pacific 48.102 do coupon 121Wlscon Cent 4s. 83 784 Aicnison auj . (n . " D A R u 4s... z 1 Storka at London. LONDON. Aug. 11. Consols for money, 86 9-16; do for account, 80. Anaconda ... 10.124 N. T. . Central . 112.50 Atchison Vi.vu jortia wes I I " do pref 7.uu ao prei e.j.uu Bait A Ohio 97.50 jOnt A West.. 44.50 Can pacinc . . 1 1 o.r-i : remiaj ivwiiiai. w.vn -ha .a- Ohio. 45.00 iRand Mines. . 6 50 Chi Grt West 7.00 iReadlng 65.624 C M & S. t.t." -" oiiuiuciii i . . i.w De Beers 12.374 do pref 52.50 D a R G 28.624 South Pacific. 99.00 do nref 69.75 Union Pacific. 162.75 irri. 24 .124 do pref 86.00 do 1st pf.. 41. .-.0 U. S. Steel 48 874 do 2d pf.. 3100 ao pret 114.7s Grand Trunk 18.25 Wabash 14.00 in ciral .114.00 do nref 29.00 I, a N 114.00 Spanish 4s.... 92.874 Mo. K A T. . 32.8741 Amai copper. 94.00 Money, Exchange, Etc. NEW YORK, Aug. 11. Money on call easv 1014 per cent; ruling rate. 1 per cent; closing bid, 1 per cent; offered at 1 4 Time loana, easier; 60 days, 12 per cent: 90 days. 24 P c"nt: lx months, nafVUK ner cent. Prime mercantile paper closed at 84 si.riiaa ,iriinf steady, with actual bus iness In bankers' bills at $4.8510 for 60-day bills and at $4.8655 for demand. Commercial bills. $4.84 4 04.85.. Bar silver, 51c. Mexican rinllars. 45c. Government bonds, steady; railroad bonds, Irregular. IXJNDON. Aug. 11. Bar silver, steady, 2:; 13-16d Dtr ounce. The rate of discount In the open market Sales. High. Low. . 41.300 8i:u 804 . 2,5 42 41 200 1034 103 Klrt 36 35 100 22 22 . 7.8"0 314 30 loO 13 13 . 6,2"0 58 57 100 108 108 58 1O0 1014 99 . l.fjOi) no 109 . 4.600 136 1354 4O0 934 93 4 300 26 V 28 . 8.2C0 49 48 . 8.000 89 88 4 100 944 44 4O0 92 94 . 8.9(-0 934 100 83 S3 . 20,200 57 4 55 4 . 1.900 173 1724 . 12.600 30 294 (3) To the American People: If my facts have been grooved together aright, I have made abso lutely plain your powerlessness against the system. I have shown how a few men have fashioned out of the honest Joists and timbers of your civilization an ingenious machine that enables them to siphon Into their coffers the profit of your labors. I have shown these men, becoming billionaires by the manipulation of this process, how one by one tney have captured the Innermost stronghold of Government until the very Constitution which our fathers believed would Infallibly bulwark your liberties has become the Gibraltar of special privileges. Today this A-merican Government is the System1, not yours, and the laws devised for yi-ur protection are construed for the justification and defense 01 their usurpations. - . This Tuither proof of your Impotence wefe necessary, the failure 01 Roosevelt, the acquittal of the big life Insurance grafters, the grabbing of the Equitable Life Assurance Society by the boldest of all System masters Tom Rvan, and the reversal of the Standard Oil $29,000,000 fine and the skinning of the public and pickling of the people's judge who dared decree it by some other judges who. when President Roosevelt proclaimed their action an outrage of Justice contemptuously replied. "Roocevelt Oh. he doesn't count," must have proved to you that neither In the Jaw nor in the Government is the virtue to banish or punish these vultures of finance. If the Government is powerless to check or alter the conditions that have left you prostrate beneath the claws and teeth of the plunderers, and if the law licenses the plunderer and his plundering, then there must be found gome new way to cope with the enemy of the common weal. The weapons of the System must be turned against the System, and the prop osition I shall fully disclose to you In my tomorrow's advertisement is the one to accomplish this purpose. To recapitulate: These were my conclusions in 1890, after .0 years of bouts with the System had convinced me of the facts: First That any band of men who could control the banks and trust companies, thereby for all practical purposes controlling the money of the country, would be able to fix and sway the value of the stocks and bonds of the country now $70,000,000,000. Second That the' power to fix and sway the prices of stocks and bonds would give such a band the power to make take from the people unlimited money. - Third That with the power to make unlimited money, this band must absolutely control all the affairs of the people and make business "good" or "bad," at will every kind of business. In 1890 with a full knowledge of existing financial conditions, I con cluded that' the creation of a certain type of corporate instrument a way could be found to enable the people to do those very things for themselves. I planned an institution directed to accomplish the purpose I had in mind, but as I added, one by one the factors requisite I despaired of uniting the combination In one Institution. My plan called for a corporation, with a perpetual charter, allowing It to engage In anv business, own banks and trust companies and railroads, operate manufactures and mines, buy and sell stocks and bonds, that it Should have a large capitalization, expandable to any degree and free from taxation and that lt should already have complete corporate existence with a large list of stockholders, and its stock established on the leading American markets. .... To perform the functions I had designed for my Institution lt was necessary that the System be in ignorance of its possibilities and plans, so at its inception 'the grantor state should not insert prohibitions tend ing to nullify the latitude of those using lt. without freedom from taxation it would be impossible to pay taxes on its great capitalization; if there was not a large body of stockholders it would be possible for the System to purchase a majority of Its stock, once its menace was realized. Above all the complete control of the affairs of this Institution must be In the hands of some one man, in whose ability and honesty of purpose the stockholders should have sufficient faith to vote as he saw fit at Its meet ings And that this one man should be fully empowered to Issue and sel to the public any amount, of stock, so it would have In its treasury at all times any amount. of cash independent of the System's banks and trust companies, or of the Government Itself. My corporation was an Ideal one. It did not seem possible that any corporation In all existence met all these requirements. In 1894 I found that there actually was such an institution in being the Bay State Com pany, of Delaware. ".. This corporation was the offspring of an up to that time unheard-of combination of conditions. J. Edward Addlcks. controlling the State of Delaware for purposes of his own, in no way related to my plans, had pro cured from the Legislature of Delaware Just such a charter as my plans Canjd entered into an alliance with Addicks, and he delegated to me the financial management of his institution. At no time up to the publication of this statement has Addicks, or anyone pther than Standard Oil Rogers had any Idea of my plans, and Rogers was acquainted only with a part of them When I took charge of Addicks' company's affairs, and while I was still In ignorance of his character. I inaugurated a widespread and far reaching system of disposing of its stock. By 186 Bay State had become one of the most active properties of After you have read the above, and while waiting for the next chapter, remember: that the Stock Game is the one game which never lets up in its milking of the people's savings. In the reign of Repubhcamsm tt was good fn the Cleveland Democratic times which followed, it was better, in McKmley times better still, and in the Roosevelt big stick period, stock exchange seats, the infallible barometer, sold at the highest price since stock exchanges were created. The volume of business of the stock exchanges will not be lessened a fraction during the coming four years by the election of Bryan, Hisgen or Debs instead of Taft. Prices will be influenced, of course, by the elec tion of Bryan, Hisgen or Debs, but the same ups and downs will be applied to the seventy billions of stock-it is the ups. and downs that for short bills it lS-18tHs Pr cent; for three months' bills 1H1H P cent. Money, 9 Per SAN FRANCISCO. Aug. 11. Silver bars. Mexican dollars, nu........ Drafts slfcht. IOC: telegraph. 12ie. Sterling; 80 days. $4.85; sight, I 8TH. Dally Treasury Statement. uTAouivrvrriN-. Aug. 11. Today's state ment of the treasury balancea shows: Available cash balance i"''"" Gold. coin and bullion 4t.249.8S5 34,430,860 Gold certincaies PORTLAND UVBWOCK MARKET. Prices Current Locally on Cattle. Sheep and Hogs. Livestock receipts yesterday were fa'Jly ,,, ,. expected, and with a good de large, as H h.althv hasls for I .. a u-nrA on S manii. .., ttl. nnrl hogs alt choice otrerinaa. ---- , the undertone is very firm, while sheep and Umb. continue to hold their own The re ceipts yesterday were 2.5 cattle, 0 calves. 600 sheep and 145 lambs. The following prices were current on live stock In the local market yesterday : CATTLE Best steers. $:l..5S4; medium, 3 253 50: common. 8i:t.2i; cows, best, ll'sols medium, 12.25 2.S0; calves. 145. SHEEP Best wethers, 13.50; mixed. 3; ewes. 2.502.75: lambs, best trimmed, 4; untrl'mmed. $S.50'3.7.. .,-.. HOGS Best. 6.30gT; medium. 15.756. feeders. $5.50 IS 5-75- Eaatern Livestock Markets. OMAHA. Neb. Aug. U. Cattle Receipts, n..r2.75; -tockers and feeders. ,2J5 4.80: calves, aa.ijw.w 2Hotsi?Recelpt8. 6000; market. 10c higher. Heavy8 47 tt .65; mixed. 6.47V4 S 6.50: ughJ. ' $1.35(8 .; pier. s-506; bulk of Phseo-ReVelpt' 12.000; market, slow and t,8.T5; ewet,. .. ". ...... . KANSAS CITi-. Aug. J11'-a"le?.V eelnts. 11 000- market steady to loo lower. Sicker, and "feeders. $304.75; bulla, $2 1.30 5 a. ir,-. -mia 5 50: Western steers, $3.505.oO: Western cows. $i.2o!3.60. Hogs Receipts, 12.000; market. 5rl0c h gher. Bulk ot sales, " ,' Ti." o-xa-ann. n..lr.n and butchers. $6.40.? 6.g5 ; light.' $6.2o0-7O; pigs. So.? 39 5.75. w ,' n.Lir... ftnun- market, weak. Mut- ton $3.60e4.50: lambs, 4.Wr; range wethers, $3.504.25;fed ewes. $3.254. -..t. . nr a... 11 Cattle Receipts, about 4000; market, steady. Beeves. $3.75 9f7.75: Texans $3(85.20; Westerns. J.606: Jtockers and feeders. $2.404. 50: cows and heifers. $1.503.60: calves. $..607.Jo. Hon Receipts, about 0000; market 10o higher. i.ignis, e--vwv-w. . ... . AT - LAST do American people out ot .90; heavy. $(1.2596.1)5; good to choirs heavy. 6.456.05; rough. $8 25'S'6.40; pigs. $5.40(86; bulk of sales. $6.55(56.65. Sheep Keceipis, aooui i."w, "''"' weak. Natives, $2.2594.15; westerns. a.i.u 4.10: yearlings. $4U4.a; lamos, eo.ijw 6; Westerns. $3.75 6. QUOTATIONS AT BAN FRANCISCO. Prices Paid for Produce In the Bay tits Markets. sih p-RAN-CISCO. Aug. 11. The folio-w ing prices were quoted In the produce mar ket today: . f MlllstuHs Bran, s:vii. """"" ! $32.50ffi36. nm,n. Vegetables i- ucumot-i . a.-wov-. - 45c; green peas. 23c; string beans. 20 6c: asparagus. 3Sc; tomatoes. $11.&0; eggplant, 50&5c. R.itt.r vanrv creamery. 25Wc: creamery seconds, 24c; fancy dairy. 22c; dairy seconds, 20c. Cheese New, 10lli.c; loung America, 12H&13C- Kggs Store. 31c; fancy ranch, 35 He. Poultry Rooe-tere, old, $2.604; roosters. young $5(&i: broilers, smun, ..ovtho. ur-u-ers. large, $3: fryers. $4; hens, $48.5; ducks, old. $4'&5; young, $3.50(34.50. Wool Spring, HUmooidl ana monuwiw 15018c; Mountain. 48c; South Plalna ana San Joaquin, Tf9c: Nevada, 912c. Hav Wheat, $14 18; wheat and oata, $1216; alfalfa. $11913.50; stock. 18310; straw, per bale, SOSTSc. Fruits Apples, choice, $1.00; common. 40c- bananas. $13.60: Mexican limes. $4 :'; California lemons, choice, $5.50; common. $1.0O; pineapples, $1.50(3. Receipts Flour. 18.222 quarter sacks: wheat. 158 centals;, barley, 2118 centals; oats 290 centals: potatoes, 2258 sacks; middlings, 810 sacks; hay, 757 tons; hides, 869. - Metal Markets. NEW TORK. Aug. 11 There was quite a sharp advance In the - London tin mar ket, with spot closing at 138 and futures at 13 10s. The local market was easy at 30.37 M & 30.75c. Copper was lower In London, with spot quoted at 61 5s. and futures at 62. The local market was firm tnd unchanged. Lake was quoted at 13.7514.00c; electrolytic at 13.62 V-& 13.87HC, and casting at 13.3H4 13.62c. , Lead was higher In the English market, with spot quoted at 113 15b. The local market was quiet at 4 57 hi 4.62 tic Spelter advanced to 19 12s Bd in London. The local market was steady, but unchanged at 4.70(a4.75c. The local Iron market waa quiet and unchanged. Dried Fruit at New York. new YORK. Aug. 11. The market for evaporated apples Is quiet for both spot and futures, with prime fruit for Novem ber delivery quoted at 6"c. Fancy are quoted at lOglOVsC on spot; choice, 8&9c; the New Tork and Boston exchanges, and lt had. through the sal of It stock, become possessed of some $10,000,000 of cash and valuable ho'a'ngs. At this stage I was planning to acquire its absolute control, when tr. o peculiar coincidences Junctured. Addicks conceived the Idea of Joining with Rogers and Standard OH and Rogers determined to corral the Bay State Company The result was the now historic warfare between Addicks and Stand ard Oil. ' ,,. UK Out of this war. and because Of it. I entered into an alliance with Rogers and Rockefeller with the intention of ultimately acquiring through them the control of the Bay State Company, holding out to Rogers and Rockefeller that through it we could consolidate the entire copper companies of the world. - The following figures present an Instance of the possibilities for money-making of such a corporation as my plans had called for. because If such' a corporation handled the have made the Drofits named, but .oa h.arti. ih. hi fniriv Notwithstanding double dealing smashing of the Amalgamated Copper project at Its very beginning, the Bay State Company made over ,4.000.000, Addicks over J3.000.000. Rogers. and Rockefeller over $50,000,000 and I over $10,000,000 in a short time, and with never over $1,000,000 risked. In the working out of this deal Rogers. Rockefeller and myself, as is known to the world, fell out. and as part of my punishment Rogers swore 1 should never secure control of the Bay State Company. The world is familiar with the fight which grew out of Rogers de termination to balk my plans. Rogers and his Standard Oil associates used every means known to man and possibly to money to first crush me, and falling in that, to compel me to Join with them. I used "Frenzied Finance" and my following amongst the people to maintain my existence and position. The first step in the fight was the throwing of the Bay State Company, with its then twelve to fourteen millions of assets, first into the hands of a receiver, the Intention of my adversaries being to wind up the company and thereby destroy its charter, well knowing that such another could probably never again be secured. For five years, and up to 1908, "the Bay State Company remained in the hands of the Federal dourts of Delaware, Pennsylvania. Massachusetts and New York, and kicking of Its affairs between .pillar and post its assets were shrunk to $1,750,000 cash $750,000 of this amount was eaten by the lawvers. the receiver, and the expense of courts and legal processes. "Rogers at the beginning of the fight, had become possessed of knowl edge enough of my plans to realize how badly I wanted the Bay State Company that I was prepared to pay millions for Its charter, provided its organization and flfty-and-odd thousand stockholders were kept Intact. and he directed all his resorts to the end that the charter would be destroyed and the organization scattered. At the beginning of the fight. I caused it to be known that I was through with the Bay State Company and wanted nothing more of It, and trained all my guns against the copper interests of Rogers and Rockefellec and their Standard Oil associates. The public and every one interested,' excepting Rogers, accepted as fact the idea that I had given up all hope of acquiring control of the Bay State Company, and after a tortuous career In the courts, the Bay State Company, shorn of all its assets but $1,000,000. and apparently all of its power, was about to be wound up by the courts and its charter killed. Had this been accomplished, the only Instrument in America today capable of opposing and destroying the System's machinery for plundering the people would have disappeared. At Just this stage came the day I had waited so long for the System s deviltry had culminated in disastrous panic and the American financial structure was swaying like an oriole's nest in a nor'west gale, and It is not my intention or desire, nor is It at all necessary to my work, to tell "what happened" between the System masters and myself during the conflagrated days and nights of the panic, or how it "happened." It Is sufficient to say that lt was In my power to dictate terms, and I did so, forswearing things very dear to me that I might, be In the position I am today to carry to a successful completion the result J have been planninK a lifetime for. In winding up the general educational part of my work, aa I do wltn this third advertisement, I would .ay to the public! . Don't fool yourself Into the belief that I mm any more faarlnated with thla many-word effort than you are. I'm not'. Thla sort of advertising means lota of work and heaps of money to print It. I much prefer the kind of advertisement you ' will read after tomorrow, brutally brief and mercilessly to the point of -Bualneas Is Bualncse," but It was necessary absolutely neeeeaary for me to show at length and In detail, as I have done In these three advertisements, just how the people's billions have been tricked Info the hands of the few. before I set forth In my final one tomorrow how the people cap regain the billions of which they have been plundered. THOMAS W. LAWSON Boston, Aug. 12, 1908. This advertisement will be continued here tomorrow. their savings. prime. 6? 7 He. and common to fair, 6Vc. Prunes are quiet, with quotations ranging from 4c to 18c for i allfornla. and from 6"4c to THc for Oregon fruit. Apricots are quiet and without further change, choice being quoted at 8 W Sc. extra choice, tt10c. and fancy. 10(&llc. Peachea are somewhat unsettled, with choice quoted at 7Hc; extra. 794 8c; fancy. 848 4ic; extra fancy, OSflOc. Raisins are firm in tone, with loose mus catel quoted at 4.iHlc; choice to fancy seeded. 67c: seedless, 5jj6c, and Lon don layers. $1,60 1.65. New Tork Cotton Market. NEW TORK, Aug. 11. Cotton futures closed barely steady. Closing bids: August. 9.83c; September. 9.30c; October. 9.24c; No vember. 8.08c; December, 8 99c: January. 8.c; February. 8-98c; March, 8.07c. Wool at 6t. Louis. ST. LOUIS. Aug. 11- Wool, firm; medium grades combing and clothing, lOlSOc; light THE UNITED STATES NATIONAL BANK PORTLAND, OREGON UNITED STATES DEPOSITORY CAPITAL AND SURPLUS, $1,000,000.00 OFFICERS J. 0. ALNS WORTH, President. E. W. SCHMEEE, 'Cashier. R. LEA BARNES. Vice-President. A. M. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Cashier. TRAVELER'S CHECKS Issued for use on the AMERICAN CONTINENT or in any FOREIGN COUNTRY, cashable without charge or identification. (3) Amalgamated aeai ii wuuiu because lt would much greater ones. and the nr,. nain.f heavy fine, utilize; tuu washed, 20 S 27c. Dairy Produce In the East. CHICAGO. Aug. 11 On the produce ex change today the butter market waa steady. Creameries. 19 (g 22c; dairies. 17 20c. Eggs Firm; at mark, cases Included, 15 l.-)Vc; firsts. 18Vc; prime firsts, 20c. Cheese Steady, llttS13c. NEW TORK. Aug. 11. Butter Firm I creamery specials. 2.1Hc; extras, 23a. Eggs Steady; unchanged. Coffee and Sugar. NEW TORK. Aug. 11. The market for cofTee futures closed steady, at a net ad vance of 6Srlo points. Sales were re ported of 19.730 bags. Including Septem ber 5 65c; October. 5..W: December, 5.45 0 5.50c: March, S.C5& 5.6ic. Spot steady: No 7 Rio. 6Vsc; No. 4 Santos, &:ttc; mild dull; Cordova, 912Hc. Sugar Raw steady; fair refining. S.62tto; centrifugal. .96 test. 4.12 ; molasses au ger. .!t2V.e8.aTtte. Refined qulr.l.