15
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.