Morning Oregonian. (Portland, Or.) 1861-1937, October 08, 1909, Image 21

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Morning Oregonian., October 08, 1909, Page 21, Image 21

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Newspaper Page Text-21 TIIE MORXJXG OREGOXIAX, FRIDAY, OCTOBER 8, 1909. 1 ' ' " ' " r DATS AREABUNDANT Deliveries New on Contract Are Heavy. RECEIPTS ARE INCREASING Longs Find It Difficult to Hold Up Prices in the Face of the Free Arrivals Wheat Is Firm and Higher. The feature of the grain trade Just now la tha heavy movement of oata to thia mar ket. Tor the week to date the arrivals have been 69 care. Most of these receipts are understood to be contract oata It la said that fully 10.000 tons of oats wera con tracted !n the country for delivery this month. Some of these oata were bought on the basis of 430 and above, and under tha circumstances the holders are naturally doing their utmost to keep the market up. It la a difficult task, however, for In the face of the large receipts tne market Is beginning to show signs of weakness. While 129 was tha general price quoted yester day. It waa reported there were some sales at 127.50. Barley arrivala are also large, amounting to M ears so far this week, but prices are ' being maintained. Tha wheat market was firm and higher prices were quoted oy exporters. Bluestem waa advanced 2 eenta to 98 cent and club. Flfa and Turkey red 1 cent to 89 cents. Tha foreign demand was better. Walla Walla cargoes for shipment being quoted In cables as firm at 3Ss, while options were op 4d at Liverpool. The improvement abroad waa attributed to the fear that Rus sian shipments would be shut off by the 1 prevalence of cholera In that country. Local receipts. In cars, were reported by the Merchants Exchange aa follows: Wheat Barley Flour Oats Hay Monday 211 Tuesday ...... .13.1 Wednesday .... 2: Thursday' ' Year ago 2 Total last week 531 Incomplete. 8S. 1 22 8 9 .' 12 9 4 8 2 U 1 21 5 A 8 7 go 53 46 84 TWENTY -SIX CENTS B1I) FOB HOPS California Market Steadily Advancing Blocked in Oregon. It has become almost lmporsrhie to buy rots In Oregon at 25 cent, except the lower srad.s. and they have not reached that price yet. The result ir that the market has be coire very quiet, though nearly all the deal ers, want to buy. There is some business passing In WeMem Washington. Kiaber, Wolf & better yester day bought 140 bales la that section at 25 cent. A wire from California stated that M eenta tin being offered for Sonoma hops. The market was very strong and Sonoma growers refused to kU at any price. For good 6ac r.imentna 24 cenUf ws being offered. wJille In ferior hops were bringing 22 and 124 eenta in that section. New York telegrams reported very heavy business at 35 cents and fully three-fourths of the crop eold. English cablea reported the London market quieter, but gradually advancing. rain errors crapb shipments. (Season for the California Fruit la About at an Knd. A car of California grapea waa received yesterday and may be the last this season, aa wires reported rainy weather tn that state. The local grape market was steady, with aa ample supply. A few express shipments of peaches came . la and a car of Ashland Barraya la due early m the coming week. The three cars of bananas failed to arrive. Casabaa were freely offered and in fair demand at $1.25fM.r per dozen. Cantaloupes nave about disappeared. There are still some watermelons on hand. . but no market for them. Huckleberries were more plentiful aad Quoted at 99-10 cents a pouad. Sprouts are now coming up from California and sell for 839 cents a pound. POCX.TKY RECEIPTS ARE LIGHTER. Supplies) Clean T"p But Without Improve ment In Price). Keoelpts of poultry were light yesterday and t stocks cleaned up well, but without improve ment in prices. Eggs were firm at S3 cents, with a growing demand. There Is a better supply of cheese In the local market, but the tone of the market la firm and Is likely to continue so throughout the Winter. Butter is firm and unchanged. Tomato Crop Damaged. The canned tomato market, which has been firm for gome time past, was strength ened yesterday by wires received from Call- fomla reporting that the rains of the past few days have seriously damaged the to mato crop of that state. Bank Clearings. Bank clearings of the Northwestern cities yesteroay were aa iouo; Portland ....... ......Sl.472.5ftl S3.8H1 Seattle 2.1T2.93S 33.VH6 -r.. '.in 444 R2.SII8 Sookane S50.BU3 16S.5M) PORTLAND MARKETS. Grain. Flonr. Feed, Etc. WHEAT Track prices: Bluestem., PSc; club. t-9e: red Russian. S7ic: Valloy, 91c; Fife. S'.w; Turkey red. 8ik-: 4i-fold. 92c FLOUR Patents, S3 10 per barrel; straight. U 35;clears. S4.35; exports, S3."; Valley. J4.90: graham. S4.T0; whole wheat, quarters. S4.91. BARLEY Feed. $26; brewing. 127 per OATS No. 1 white. COKN Whole. 3i MILLSTUFK New ten; mid limps. $:12; j;7 ;8 per ton. ; cracked. 3 per ton. crop bran. $-6 per shorU. S27.50; rolled HAT Timothy. Willamette Valley. S141S 17 per ton: Eastern Oregon. SlSfjlO: alfalfa. S14: cl:.er. S14; cheat, S13 U.JO; grain hay. S14J13. Dairy and Country Produce. FUTTEK City creamerj, extras. 36c; fancy outside creimer). tZQZ&G per pound: store, 22'ji24c. (Butter fat prices ftverak lVic per pound under regular but ter prices ) P(',GK Oregon ranch, TWc per dozen. POULTRY l!.ns. 14'air.c; Springs, 14c; roosters, U31c; ducks. 13'16c; g.-e.-e, tt'i'loc: turkeys, lTildc; squabs, 1.7i ! per cicxer.. CHKESE Full cream twins. ITU, 6 18c per pound: young Americas. lsSifelUc. j-OHK Fancy. S v il !e per pound. VEAL Extr. loc ter pound. Groceries, Dried Fruits. Eta. DRIED FRUIT Appiee. ua per pound; peaches. 7V: prunes, Italians. 6 'c: prune. Frencn. 46c; currants, un- ashed, cases. v;.c; currants, washed, case. 10c: figs, white fancy. oO-lb. boats, c: dates. 7 U OJlic. SALMON" Columbia River. 1-pound talis, 92 per dozen; 2-pound talis. S2.U&; 1-pound data. 12. 10 to; Alaska pink. 1-pound tails, sue; red, 1-pound tails. L4i; sockeyea. 1-pourd tails. S2. COFFEE Mocha, 4 02c: Java, ordinary. 17w20c; Costa Rica, fancy. 18930c; good. IS "i lac; ordinary. 124tltc per pound. NUTS Walnut. 13HC14c'per pound: Brazil nuts. 13&14c; filberts. 15c; almonds. lc; chestnuts, Italian, 11c; peanuts, raw. ic; plnenuts. Ifl2c: hickory nuts. le; cocoa nuts. 1. 10 per dozen. BEANS Small white. THe; large white. tc; Lima. 5c; bayou. IsC; red kidney. rGAROran"uUted. 11.06: extra C. $5.55: olden C 16 45; fruit and berry sugar, JsoY- beet. $5.i5; cubes (barrel). 40; powdered (barrel). 30. Terms, on re mittances within 15 days, deduct e per pound: If later than IS days and within JO days, deduct c per pound. Maple sugar. 15618c per pound. SALT Granulated. S13 per ton. 1.90 per bale; half ground, 100s. 7.60 per ton; 60s. IS per ton. - Vegetables and Fruits. FRESH FRUIT? Apples, new. 1.23r 2.50 per box: p-ars. SI b 1.73 per box: Pec; T.H 61.23 per crate; cantaloupes. 1U1..)U per crate: watermelons, lc per pound; grapes. 75c SI. 10 per crate. lOfl-uc per basket; casxbas. 1. 23 ' 1.50 per doaen; miinces. 1.1.23 per box; cranberries. Ill B-10 per barrel: huckleberries. 10c per P"pOTATOES Buying prices: Oregon. 8065c per sock: sweet potatoes. 2c per pound. TROPICAL FRUITS Valencia 136 3.. w. lemons, fancy. S6-50: choice. S3-30; grapefruit. 4.o per box: bananas. 6S5c per sack: carrots. SI; beets. 11.25; ruta bKKas. el. 23 pei- sack. . SACK VEGETABLES Turnips. 75cl per sack : carrots, SI: beets, $1.25. ONIONS New, J1.23 per suck. VEGETABLES' Cabbage. 1 ff IK c per pound: cauliflower. Zmj SI per dozen: cel ery SOft 73c per dozen: corn, ti i 1-5 per dozen; eggplant, S12.-. per box: garlic. lc per pound; horseradlsji. lc per dozen; peppers. t'ac per pound; pumpkins. ljlVac- radislies. 13e per dozen; tprouts, S3 9c per pound; squash. lMUl'Hc; toma toes, oO'&aoc. ' Provisions. BACON Fancy. 27c per pound: standard. 22c; choice. 2Hc; English. 1S20HC. DRY SALT CURED Regular short cleara, dry salt. 13c: smoked. IBc; short clear backs heavy dry salted. 15c; smoked. 10c: Oregon exports, dry salted. 16ic; smoked. WHAMS S to 10 pounds. 18c: 14 ' to 1 pounds. 18e; It to 20 pounds. 18c: hams, skinned. lHc; picnics. 14c; cottage roll, lie; boiled hams. 23&2oc; boiled picnics 22c. LARD Kettle rendered, 10s. 164c: 5s, 16Hc; standard pure, 10s. lSc; 6s, 157c; choice, 10s. 14c; 6s, 14Tc Compound, lus, loc; 5s. lOHc SMOKED BEEF Beef tongues, each 0c; dried beef rets. 10c; dried beef outsldes, 17c: dried beef Insidas, 21c; dried beef knuckles, 20c. PICKLED GOODS Barrels: Pig feet, 11350; regular trlpa. S10; honeycomb tripe, 12; pigs' tongues. lt 30; mess beef, extra. 12; mess pork. 125. Oils, Turpentine. Etc. COAL OTL Pearl, astral and star, cases. 19c per gallon: eocene, cases, 22c per gallon; Elaine, cases, 2fc per gallon; headlight, cases, 200 per gallon; extra star, cases. 22c per gallon; water white, ' iron barrels. lHjc per gallon: wood barrels l.VAc per gallon; special water white,. Iron bar rels, 15o per gallon. GASOLINE Red crown and motor gaso line. Iron barrels. 1 c per gallon; cases. 23c per gallon ; Mi gasoline. Iron barrels, 30c per gallon: cases, 37 -c per gallon. BENZINE V. M. and P. naphtha, iron barrels, 130 per gallon; esses. 20Sc per gallon: engine . distillate. Iron barrels, 9c per gallon; cases, lrtc per gallon. TURPENTINE Iron barrels, 74c per gal lon; wood barrels. 7Hic per gallon; cases. 81c per gallon; aroturps (turpentine substi tute), iron barrels. 3Sc per gallon; cases, 43o per gallon. LINSEED OTI, Raw, In barrels, 63c; boiled. In barrels, A7c; raw. In cases, 70c; boiled, in cases, 72c. Hops, Wool, Hide. Etc HOPS 1909 crop, 22fi25e; 1908 crop. 17c: 1907 crop, 12c; 1HOB crop. Sc. WOOL Eastern Oregon. 16S'23o per MOHAIR 'Choice. 24c pound. CASCARA BARK 4(1 5c per pound. HIDES Dry hides. 184). 19c per pound; dry kip. 179 18c pound: dry calfskin, l'tf 21a pound: salted hides. lOHSllc: salted calfskin, 15 loc pound; green, lo less. FUItS No. I skins: Goatskins. 15c (9 11.23; badger, 23BOc; bear, IH'8'20; beaver, 10.504.8.60; cat. wild, 75cjSl-50; cougar, perfect head and claws. S3W10; filsher, dark, 7.60iWll; pale. S4.909: fox. cross. 35; fox gray. 61tSOc: fox. red. 3i'5; fox. silver, 35310o; lynx. 1815: marten, dark, S12; mink. S3.509 5.50; muskrat. 15Sj 23c; otter. 12.5034; raccoon. 6075c; sea otter, 8100230, as to size and oolor; skunks. So'fiSOc: civet sat, lO'fflSc; wolf, S3f3: coyote, 75c81.25; wolverine, dark, S35; wolverine, pale. 2 r0. TOP BLUESTEM PRICE DAVENPORT GROWER SELLS 25,000 BUSHELS AT 93 CENTS. Best Milling Held at Seattle at $1.02 Oats and Barley Firm in Northern Market. SEATTLE. Wash.. Oct. 7. (Special.) ftales of bluestem wheat were made here to day at fl.01. although most dealers held snot grain at $1.02. The highest price in the country reported paid this season was for 25.000 bushels of No. 1 bluestem. owned by a grower at Davenport, at 83 cents. In order to avail themselves of the 12V4 per cent lower freight rates on wheat, which will go Into effect November 1. shippers on the East Side are holding grain where possible. Oats eold at 828.50 today and barley was Hrm at J26.25. Eggs went up another cent today to 44 cents, making the highest price quoted here la many months. With the exception of Ban FrancuKO. thia mark is the highest out of 30 large cities In the country. Poultry dragged. Butter was firm and veal more plentiful and Grapes sold st 80 cents today, moving alow at that quotation. The first straight car of Jonathan apples' reached the market today and are held at 82.75. Sweet potatoes are entirely cleaned up to night. Top stock sold at 82.25 this morning. QUOTATIONS AT 8AJf FRANCISCO. Prices Paid for Produce In the Bay City Market. SAN FRANCISCO, Oct. 7. The follow ing prices were quoted In the produce mar ket today: Vegetables Cucumbers, 3380c; string beans. 2S3c; tomatoes. 25W50c; garlic, 4 9 6c: green, peas. 865c; eggplant. 40S65c; okra, 20S4OC. Mlllstuffs Bran. 828.30930: middlings. I3b.50W37.50. Butter Fancy creamery, 87c; creamery seconds. 31c; fancy dairy. 28c; dairy sec onds. 25c. Poultry Roosters, old. 84 05; young, $8 50gl0; broilers, small, 1393.50; large $9 85; frvers, sotio: nen UUv, old. $4tj3j young. 1.66 8. Eggs store, 43c; fancy ranch. 52c. Cheese New., 14ViS13c; young Americas. 15 w 17c. Hav Wheat. 815 20; wheat and oats, I14fe'17; alfalfa. J94jl2: stock. $7tfl0; bar ley. 810812.; straw, per bale, 50fc70c. Fruits Apples, choice, 81 1-30: common. 50t70c; bananas, 75cfi3; limes. St S it): lemons, choice. 3i 3.60; common. 81.60 (260: pineapples. 82i25tt3. Hops 12 23c per pound. Wool South Plains and San Joaquin. 8 10c; Spring Humboldt and Mendocino. 13'r 13C. Potatoes Oregon Burbanks, $1.00 1.15; Salinas Burbanks. $1.23ti1.30; sweets. $1.50. 1-73. . . Receipts Flour, 7510 sacks; wheat. 95 centals; barley, 04.005 centals; oats. 231)0 centals; beans, it 7.1 sacks; corn, 70 centals; potatoes, 4170 sacks; bran. 353 sacks; mid dlings. 4180 sacks; hay, 870 tons; wool, 69 bales; hides, 645. Dried Fruit at New York. NEW YORK. Oct. 7. Evaporated apples firm; fancy 10 S 11c: choice &9Vjc; prime 8s(Sc; commono fair 6H&KI4C. Prunes very strong. California 2'7c; Oregon cec. Speculative buying Is helping the apricot market and a strong feeling prevails. Choice ll'ulltc; extra choice lH4Hllc; funcy 12 M 12Sc. A better undertone prevails In peaches; choice 5 i i 5 c ; extra choice 3wlc; fancy 6Sf Raisins quiet, unchanged. Coffee and ftugar. NEW TOR K. Oct. 7. Coffee futuree closed firm, luff 23 points higher. Sales 64.250 bags Including Nov. 5.05.7Oc; March 6.73S5.5c; July 5.85Wc; sept. 6 5c. Spot firm; No. 7 Klo 7c: No. 4 Santos SVitfOe. Mild quiet; Cordova S 9 12c. Sugar Raw firm: fair refining. 3.i3Hc; centrifugal ! test, 4.23-e; molasses sugar. 3.4SHC. Refined steady; crushed, 3.iS5c; powdered. 3.23c; granulated, 6.13c. Wool at St. Louis. dt x rti-Tsj rw 7 Wool Firm: terri tory and Western mediums. 23$2Sc; fine modlums. 2224c; fine. 13ylc SELLING IS ENDED Pressure to Market Steel Stock Subsides. ENTIRE LIST IS HELPED Feature of Day In Financial Circles Is Advanced In Bank of Eng land's Discount Rate New i York Money Easier. NEW TORK. Oct. T. The stock market gave early evidences today that the liquidating pressure on United States Steel had sub sided and the tone of the whole speculation was shaped accordingly. United States Steel continued disproportionately prominent, but not as unduly so as yesterday. The money market showed signs of having been eased also by the substantial loan repayments which must have accompanied the stock market liquidation of the last day or two. Bankers closely associated with the United States Corporation offered large sums In the call loan market. The Immediate' effect of this development was the advance in the official discount rate of the Bank of England today from 2 hi to 3 per cent. The hardening of the private dis count rate In London and the steady decrease of the bank's bullion holdings, revealed by the weekly return published today, made it evident that the advance In the official rate was Imminent anyhow. With a further de mand on American 'account threatened, the governors evidently feet themselves con strained to the prompt step as a protective measure. The foreign exchange market in New York was greatly unsettled In its efforts at readjustment. The rise in United States Steel. Union Pa cific Reading and New York Central supplied the most substantial portion of the buying movement. The greatest fluctuations, other wise, were In a minor class of stocks, both railroad and industrial. The soft coal car riers were strong as a group, led by Pennsyl vania. . Private estimates gave promise o? a better showing for the corn crop In the forthcoming monthly Government report of conditions than was contained In last month's report. An Increase in the Rio Tlnto copper min ing dividend had les effect on copper securi ties than had the unfavorable statistical po sition of the metal. The reselling of stocks wiped out gains In the principal stocks be fore the day was over and made the closing weak. Bonds were Irregular. Total sales, par value. $4,680,000. United States bends, 2a, declined H on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Allis Chalmers pf 4i0 644 63 '.j 63 Amal Copper 4.boo 82!, BO- M Am Agricultural Am Beet Sugar 6,100 48Vj H Am Can pf f"0 83 W 3 Am Car St Foua. 10,800 71 t ;5 Am Cotton OU .. 1.10O 754 75V i5 Am Hd s Lt pf.. 700 48 4S4 48 Am Ice Securl.. DOU ZD to oe - 800 17',. 1H lOi Am Linseed Oil.. Am Locomotive . Am Smelt A Ret. do preferred . 1.600 80H 8,0iO Vi 3.0O0 112'A 112 112 Am fugar Kel.. 3.100 134 333 133 Am Tel A Tel 11.400 143 142H 143 Am Tobacco pf - 2O0 101 100 Am ooien "2., Anaconda Mln Co. 1.700 48 4i, 4.Vi Atchison 68.600 123 V22 122 do preferred ... 1.200 105 Vs 104 304 Vj Atl Coast Line... Bait & Ohio 8,000 118 do preferred ... '. 1M 117!4 H714 Bethlehem Steel 1.400 8514 Jtrook Rap Tran. l.doo Mi Canadian Pacific . 1,600 1HB4 186 185 Central Leather .. do preferred . . . Central of N J.. Ches A Ohio Chicago A Alton .. Chicago Ot West. 65,700 51 i 494 49"). 300 HUM 110?i 110H 10 6714 134) 190 14 159 7514 7 53 1.30O 3O0 2o0 8SH 67 i 87 Hi 6714 Chicago cfc w w 100 190"-i IflOij C, M A St Paul.. 18.600 160 109 C, C. C A St L Colo Fuel A Iron.. 1.600 45H 44 Colo A Southern .. 100 63 63 do let preferred, do 2d preferred. Consolidated Gas 800 145 1, IOO 23 400 191 Corn Products . . Del ft Hudson. . D ft R Grande . do preferred ... Distillers' Securl. . Erie do 1st preferred. do 2d preferred. General Biectrlc... Ot Northern tf 190 19014 46S 45 85 85 314 3614 50 4 300 831, 80O 7,4"0 8o9 H7 34T4 60 4 42 V, 7u0 1000 167 6.600 153t4 162V4 Ot Northern Ore.. 2,300 82 811 300 151 ij 151 li 151 liimois uentrai ... Interborough Met.. do preferred ... Inter Harvester ... Inter Marine pf .. Int Paper Int Pump Iowa Central .... K C Southern ... do preferred . . . Louisville Nash Minn ft St Louis. M. St P ft S S M. Missouri Pacific . . 1.800 4,300 "soo 100 600 8.900 16 49tt '2314 16H 47 29 i? 400 1 n 400 1531, 300 53 400 141 7C0 69 Mo. Kan A Texas 88,100 4.1 14 75 '89T4 do preferred ... . 100 National Biscuit National Lead ... 1,200 Mex Nat Ry 1st pf N T Central 24.400 140 139 N Y. Ont & West. 400 Nbrfolk West. 6.500 North American .. 7O0 48 48 9514 souj 15314 35 147T4 80 Nort hern Pac In c . . 7.200 15 Pselfle Mall 1.100 Pennsylvania SS.Sno 148 People's Gas .... l.o0 11 115H 11514 P, c c St 1... .900 Pressed Steel Car. 4.100 Pullman Pal Car. 1,000 Ry Steel Spring Reading 78.100 96H H4 4 HO 47t4 47 47 4TV4 411 48', 167H J6514 47 4614 Republic Steel .. 11.400 do preferred .. Rock Island Co. do preferred 1.1O0 1061-4 106 9.200 Kt'4 1.0OO SOO St L S F 2 pf. 58 14 57 3n 2fl 69U 67K 93 'i 92 V St L Southwestern 8.000 do preferred ... Stoss-Sheffleld 400 Southern Paclllo .. Southern Railway. do preferred . . . Tens Copper .... Texas ft Pacific. Tol. St L ft West. S8.1O0 1S2 131 2.200 .10 30 400 69 69 2.500 . 50O Sfil-4 51 do preferred Union Pacific do preferred T7 S Realty . IT S Rubber . TT 3 Bteel do preferred T'T n h Conner 1.OO0 14.300 2f'T'i 205 2.70O 107 li 3'4 lnH . 2.50O .313.40O 62 91 14 71.000 129 son 48'4 Va-Caro Chemical. 600 Wabash ROO do preferred ... 12,600 Western Md Wejitlnghous Eleo 600 Western Union 600 464 3 87 78 87 Wheel ft L Erie Wisconsin Central 63 Total sales for the day. 1.018,800 shares. BONDS. NEW YORK. Oct. 7. Closing quotations: U. S. ref. 2s rg.lOOlX T C G 8s. . . 90Uj do coupon 100 North Pacific Ss. 734 -'. s 8 reg.,..X01 North Paciflo 4s. 10m "do coupon 101'Unlon Paciflo 4s.l024 V. S. new 4s reg.11614 Wlscon Cent 4s. 95 do coupon 11714'Japanese 4s 8314 D ft R O 4S 93 Stocks st London. LONDON. Oct. 7. Consols for money, 63 1-16: do for account. 83. Amal Copper... 84!Mo K ft T 42 Anaconda 9'N. Y. Central ... 143 Atchison 12:Norfolk ft West. 99 eo pf 107l do pf Hi Bait ft Ohio 120 Ont ft Western.. 49 Can Pacific 192 Pennsylvania ... 71 Ches ft Ohio 0 Rand Mines t. Chi Grt West... 13lReadlng 85 C M. & S. P 164 Southern Ry 30 De Beers 18 I do pf 70 n ft R o 46'Southern Pacific 13". do pf 87 lUnlon Pacific. .. .2.12 Erie " 33 do pf 109 do 1st pf 5I14IU. S. Steel 92 do 2d pf 41' do pf 132 Grand Trunk... 23 'Wabash- 20 111 Central 135 do pf 30 L ft N 156ii!Spanlsh 4s 85 DISCOUNT KATB 18 ADVANCED. Bank of England Raises Bate to 3 per Cent. LONDON. Oct. 7. The governors of the Bank of England raised the minimum dis count rate today from 2 per cent to 3 per cent. This Is the first change since April last, when It was reduced from 8 per cent It waa decided to raise the rate to 8 per eent in consequence of the large upon the oana a reserve - .11 exports to Egypt for the financing of the cotton crop and by the Argentine with drawals. ... The governors were unable to offset tnese by fresh arrivals from the mines in con sequence of the sustained demand from Rus sia, which absorbed available quantities week after week, preventing, the bank build ing up the reserve. A fresh element In the situation, however, undoubtedly helping the directors to this decision, was yesterdays decline in New York exchange on London, the recent sharp rise In money and the calling of loans in New York which probably will necessitate the withdrawal of gold for that quarter against finance paper which has been placed here some time ago and the number of fresh bills still coming forward. The higher rate, although It was expected..soon, was not generally looked for today. The Increased rate had little effect on the stock exchange beyond a fractional easing in American securities, operators generally considering 8 per cent a good working rate. Money Exchange, Etc. NEW YORK. Oct. 7. Money on call strong, 45 per cent; ruling rate. 4 4 per cent; closing bid and offered at 4 per cent. Time loans firm; 60 days, 414 4 per cent; 00 days lending at 4, and six months' lending at 4 per cent. Prime mercantile paper. 4.$? 5 per cent. Sterling exchange weak, with actual busi ness in bankers' bills at $4.8330(84.8340 for 60-day bills, and at $4.8570 for demand. Commercial bills. $4.82 4.83 . Bar silver. 51 c Mexican dollars, 43c Railroad bonds irregular; Government bonds easy. SAN FRANCISCO, Oct. 7. Sterling on London. 60 days, $4.83; do, sight, $4.S5. Silver bars, 61 c. Mexican dollars, 45c. Drafts, sight, lc; do, telegraph. Sc. LONDON, Oct. 7. Bar silver quiet, 23 4 per ounce. Money, 11 per cent. The rate of discount in' the open market for short bills Is 2 per cent; do three months, 22 per cent. Daily Treasury Statement. WASHINGTON. Oct. 7. The condition of the treasury at the beginning ot business today was as follows: Trust funds Gold coin $865,356,889 Silver dollars 485,550.000 Silver dollars of 1890 4,339.000 Silver certificates outstanding... 485,550,000 General fund Standard silver dollars $4,953,254 Current liabilities 101,769.254 Working balance In treasury.... 241.439,726 In banks 37.S35.688 Subsidiary silver coin 20.796,028 Minor coin 1,900,934 Total balance 94,300,563 SHEEP MARKET STEADY GOOD PRICES REALIZED AC CORDIXG TO QUALITY, AVlth Limited Supplies in the North west, Prices Are Likely to Be Maintained. Most of the business ' at the yards yester day was lr sheep. Tha offerings did not grade high and $3.76 was the top price realized. The sheep market, however, was steady to strong in tone, notwithstanding the heavy recent arrivals, and full prices could be obtained If the right kind of stock were offered. The supply of mutton material in the Northwest is limited and good prices are assured for some time to come. Medium grade cattle and steers were not in such active demand . and an easier feeling was manifest also on the lower grades of hogs. The day's receipts were 178 cattle, 47 calves, 359 hogs and 27 horses. Shippers at the yards were Mike Monklln, of Toppenish, Wash., with one car of horses; A. S. Bennett, of Shanlko, one car of cattle: S. E. Bennett, of The Dalles, two cars of cattle: J. I. Williamson, of Weiaer, Idaho, one ear of hogs: B. E. Hartley, of Weiser, Idaho, one car of hogs; Lester Wade, of Condon, Or., one car of hogs, and Kiddle Brothers, of En terprise, four cars of cattle. The sales of the day at the. yards were: Av. lbs. Price. 33 cows J' 11 . 1 .-.a . ' -1 -".r 475 sheep . 70 sheep 84 bogs 95 3 75 . 95 3.00 .214 7.90 Prices quoted yesterday at the yards were "CATTLE Steers, top quality, $4.S54.35; fair to good, $4; ommon, $3.30 jTS.75: cows, top. $3.25(3.3.33; fair to good. $33.10: com mon to medium. $2.502.75; calves, top, $3 410.23; heavy, gj.juwi; puna, HOGS Best. JI.M; fair to good, $7.60 7.75; mockers, $Wg'7; China fats. $7.50ft8. SHEEP Top wethers, $44.2u; fair to good, $3.50 3.75; ewes, cent less on all grades yearlings, best, $4 (ii 4.25: fair to good, 83.50I&.3.75; Spring lambs, $o5.50. Eastern IJve Stock Markets. CHICAGO, Oct. 7. Cattle Receipts esti mated at 4000; market, strong to higher. Beeves, $4.208.80; Texas steers, $3.!)0 5 20; Western steers, $4t'; stockers and feeders. $3.20 5.30; cowa and belters, $2.20 &6: calves, $7139-25. Hogs Receipts estimated at 12,000; mar ket. 10c lower. Light. $7.208.50; mixed. $7.409.50; heavy, $7.238; rough, $7.25 7 45- good to choice heavy. $7.458; pigs. 14 756 6.20: bulk of sales, $7.60 S S.50. gneep Receipts estimated at 30,000: mar: ket weak. 10c lower. Native. $2-304.90; Western. $2.7504.90; yearlings, J4.60a5.50: lambs, native, $4.257.25; Western, $4.50 7.15. KANSAS CITY. Mo., Oct. 7. Cattle Ka ..., oit,to- market, steady to 10c higher. Native steers, $4.508.5O; native cows and heifers. $2.256.50: stockers and feeders. $Sf.5.23: calves, $3.758; Western steers. $3.6D(6.75; Western cows, $2.504.50. HoKfi Receipts. 11,000: 10c lower. Bulk of sales, $7.20S7.65; heavy. $7.607.75; packers and butchers, $7.35 7.65 ; light, $7 O7.70; pigs. $.W6.30. gneep Receipts, 6000; market, steady. Muttons, $45: lambs, $5.5007; range wethers and yearlings, $45 50; range ewes, $3.25 5. . SOUTH OMAHA, Oct. 7- Cattle Re ceipts. 6000; market, steady. Native steers. $4.60(38; native cows and heifers, $35; Western steers, $3.30625; Western cows, and heifers. $2.754.50: canners. $23; stockers and feeders, $2.75 5.25 ; calves. $3.256.23; bulls and stags. $2.7S(S4.75. Hogs Receipts, 4400: market. 10015a lower. Mixed. $7.50fi 7.55 ; light. $7.S0&7.53; pigs, $0.3013 7-25; bulk of' sales, $7.50 7.35. Sheep Receipts,. 16,000; market, steady. Yearlings. $4 7. jj7.25 ; wethers. $44.40; ewes, $3.7564.20; lambs. $6.256.90. Eastern Mining Stocks. BOSTON, Oct. 7. Closing quotations: Adventure 6 (Mohawk 60 Allouex 08 'Mont C & C 20 Amalgamated .. 80evada ..7 23 Ariz Com 45 Old Dominion... 53 Atlantic 8 Osceola 133 Butte Coal 25, Parrot 31 Cal A Ariz lOOVaQuincy 87 Cal & Hecla 660 .Shannon 15 Centennial ;'Trinity 11 Copper Range... 79 U. S. Mining 06 Daly West 8 U. S. Oil 36 Franklin 16 Utah 43 Greene cananea. 10V4 Victoria 3 Isle Royale 23'Winona 7 Mass Mining.... - 7 North Butte.... 59 Michigan 10 1 NEW YORK. Oct. 7. floslng quotations: Alice 175 Brunswick Con.. 5 Com Tun stock. 32 do bonds 19 C C Va 150 Horn Silver 63 Iron Silver 173 ILeadvllle Con... 3 kittle Chief 6 Mexican 130 Ontario 250 'Ophir 160 (Standard SO (Yellow Jacket . . IM . New York Cotton Market. NEW YORK. Oct. 7. Spot cotton closed quiet. 30 points higher. Middling uplands, 13.60c; do gulf. 13.85c- Sales. 2377 bales. ...... l . ( Ontnk nnfi XOVAIYI- ber. 13.22c: December, 13.31o; January. 13.29c; February, ta.-ic; atarcn, April, 13.38c; May. 13.39c; June, 13.35c; July. 13 33c; August, 13.03c; September. 12.32c. Dairy Produce In the East. CHICAGO, Oct. 7. Butter Steady; creameries. 29c; dairies. 26c Fri. Receiots. 4941 cases: steady at mark, cases included, 18c; firsts, 22c; prime firsts, 24c Cheese Strong: daisies, 16iffl6c; twins, 15ei5c; Young Americas and long horns, 15 6 16c RALLIES BUYING But Tone of Wheat Market Is Heavy Most of Day. CLOSES NEAR BOTTOM Depressing Factors In Chicago Mar ket Are Increased Receipts in the Southwest and a Forecast of Rain in the Wheat Belt. CHICAGO, Oct. 7. Increased receipts ill the Southwest, coupled with an ofTiclal forecast of rain in portions of the wheat belt, offset a number of bullish influences in the wheat market today, causing & heavy tone the greater part of the session. ' The market, however, experienced fair rallies on buying by an Influential commission house and by shorts. Trading during the greater part of the day was light and prices held within about lc range, December selling between $1.01 ig 1.01 and $1.02. The market closed only a trifle above the lowest mark, with De cember at $1.01. Anticipation ot a bearish showing In the Government crop report, to be published to morrow, prompted liberal sales of corn, re sulting in a weak market throughout the en tire session. The market closed weak, with prices o to o below the previous close. Selling of December oats by longs waa a feature of trading in that market. All prices were c lower than yesterday. Provisions were weak at the start, but quickly rallied and continued firm. Prices at the close were 2 to 15a higher. WHEAT. Open. High. Low. Close. $1.01 $ 1.02 $ 1.01 $ 1.01 1.04 1.04 1.03 1.03 CORN. .69 .5 .59 59 .67 .57 .67 .67 .60 .60 .69 ,7 OATS. .89 .39 .33 .38 .41 .41 .41 .41 MESS PORK. 13.05 11.12 12.05 13.13 18.17 18.30 18.17 18.25 LARD. Dee. May Oct. Dec. May Dec. May Oct. Jan. Oct. Nov. Jan. 23.00 11.62 10.72 11.50 "11.65 11.50 10.62 10.75 10.62 SHORT RIBS. Oct. .. 11.20 11.40 11.20 11.40 Jan. .. 9.55 3.62 965 .62 May .. 9.52 9.60 9.62 9.t0 Cash quotations wena aa followa: Klour Strong. Rye No. 2. 72 73c. Barley Feed or mixing, 48 50c; fair to choice malting, 5561c. Flax seed No. 1 Southwestern, $1.36; No. 1 Northwestern, $1.46. Timothy seed $2.60 3.75. Mess pork Per barrel, $24. Lard Per 100 pounds. $12.20. Short ribfi Sides (loose), $11.2511.50. Sides Short, clear (boxed), $12.37 12.50. v . Grain statistics: Total clearances of wheat and flour were equal to 4H9.000 bushels. Primary receipts were 2,042.000 bushels, compared with 1.613.000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat, 28 cars; corn, 246 cars; oats, 158 oars; hogs, 10,000 head. Receipts. Shipments. Flour, barrels 37,100 55,700 Wheat, bushels 201,200 66.201) Corn, bushels 337.600 337,500 Oats, bushels 302,400 J19.700 Rye. bushols 12,000 2.100 Barley, bushels 136.500 . 4,400 Grain and Produce at New York. NEW YORK, Oct. 7. Flour Receipts 23.000; exports 610; firm with a fair Job bing trade. Wheat Receipts 100,800; exports 130, 253; spot easy; No. S red $1.18 asked eleva tor and nominal f.o.b. afloat; No. 1 North ern Duluth $1.10 nominal f-o.b. afloat; No. 2 hard Winter $1.16 nominal f.o.b. afloat. After being sustained most of the session by less favorable Argentine crop news, light room offerings and bull sup port, wheat turned weak in the last hour n aetMncr hv commission houses and closed Pc net lower. December $1.09; May $1.10. Hops and hides Firm. Wool and petroleum Steady. Grain at San Francisco. t SAN FRANCISCO, Oct. 1. Wheat, firm er: barley, steady. Spot quotations, wheat, shipping, $1.70 1.75: milling, $1.75. Barley Feed. $1.35181.37; brewing, $1.37 IS 1.40. Oats Red. 1.601.70; white. 1.551.60; black. $2.352.70. Call board sales Barley, December, $1.40 1.41. Corn Large, yellow, $1.70(1.75. European Grain Markets. LONDON. Oct. 7. Cargoes firm. Walla Walla for shipment at 38s. English country markets quiet; French country markets, quiet. LIVERPOOL. Oct. 7. Wheat December, 7s 8d; March, 7s 6d; May, 7s 8L Weather, cool. Grain Markets of the Northwest. LEWISTON. Idaho, Oct. 7. (Special.) Wheat, bluestem, 78c; fortyfold, 75c; club, 73c; Turkey red. 73c; red Russian, 71c; oats. $1.05; feed barley, 92c SEATTLE, Oct. 7. No milling quotations. Export wheat, bluestem, t)7o; club, 89o; red Russian, 87c. TACOMA, Oct 7. Wheat higher. Choice milling bluestem. 99c; club and red Fife, 90c; red Russian, 88c. Flax; Seed at Minneapolis. MINNEAPOLIS, Oct. 7. Flax closed $L43. Metal Markets. NEW YORK, Oct. 7. Standard copper was again weak on the New York Metal Ex change today, closing at 12.25 ')13.60o for Spot, October and November; 1J.30 12.600 for December and January. There were no sales. London waa unchanged at 50 for apot and 2s 6d lower at o for futures. Sales for siot were S00 "tons and futures 6(H tons In that market. Local dealers re ported an asier tendency with lake quoted at 1818.a5e; electrolytic 12.62H12.87Hc, and casting 12.50- 12.75-c Tin declined a4out 7H points on the metal exchange, ruling easy without sales. Spots closed at 30.37 H 30.50c; November 30.371s 3O.50o and Jan. 30.4030.50c. Lon don advanced 2s 6d to 19tt 2s 6d for spot and was unchanged on futures at 140 7s ttd. Sales 250 tons spot and lo0 tons fu tures. Lead was steady and unchanged In both markets. Spelter waa quiet and unchanged at home and in London. Iron -was Arm locally without change In quotations and was aLso unchanged in Lon don. COOS BAY-BOISt RAILROAD Settlers Along the Proposed Line Urged to GiTe Right9 of Way. MYRTLE POINT, Or., Oct. 4. (To the Editor:) Coos County has -waited-so long for railway connection, waited and watched and suffered disappointment over and over again, that we have al most abandoned hope in our day of ever being relieved from Isolation and becom ing, in fact as well as in name, part and parcel of progressive Oregon. At this time the Coos .Bay & Boise Company are acquiring rights of way through this sec tion under the specific agreement that the road will be built within two "years; otherwise the grants revert to the grant or. Several neighbors and myself have given rights of way for a nominal con sideration. Cannot The Oregonian urge others along the proposed line to do like wise? Our needs are too well known to lumbermens National Bank CORNER FIFTH AND STARK STREETS Deposits October 1st, 1908 -Deposits October 1st, 1909 - Oregon Electric Railway Co. First Mortgage 5 Gold Bonds Dated May 1. 1908. Due May 1, 1933. DENOMINATION, ?1000 The Oregon Electric Railway Company owns and operates a high-speed electric railway of seventy miles, connecting Salem and other town with Portland, aud serving a com bined population of approximately 300,000. This road is recognized as one of the most favorably located, substantially built and effectively managed interur ban electric lines on the Pacific Coast. Earnings have been more than ample to pay operating expenses and all fixed charges from the first, and are now averaging net double the interest upon the entire bonded debt. We own and offer a substantial block of the above-mentioned bonds, which, are part of the original issue of $2,000, 000, recently offered in the East and immediately over subscribed. Price and further particulars furnished upon request MORRIS Chamber HIGH-GRADE AND IMPROVEMENT BOND We have several good issues on hand. Bur direct from contractor and save broker's commission. WARREN CONSTRUCTION COMPANY 317 Beck Building, Portland, Or. Downing-Hopkins Co. ESTABLISHED IS!) 3. BROKERS STOCKS BONDS GRAIN Bought and sold Xor cash aad on margin. PRIVATE WIRES Rooms 201 to 204, require that they be presented again. There is talk of an electric road from some point on the Southern Pacific to Coos Bay. I hav been reliably Informed that electric roads cannot be made to pay without a good-siaed passenger traffic and that lt requires a population of 1000 per mile to sustain a road. We have nowhere near such numbers. Any railroad in this section must depend on heavy freight. -Capitalists who are ex pected to put up the money for a rail road can see for themselves the resources that will furnish the traffic as soon as the road is built. "We shall then need not one, but several electric lines, which will serve as feeders to the main line. I do not presume to speak with author ity but I am given to understand that the men behind the Coos Bay & Boise road are reliable and ttiat they have ample means. Let them have the right ot way. They are willing to pay reason ably for lt. It seems to me that all of us should do what we can to get the railroad. A WAITER FOR TWENTY YEARS. MALIGNED FRYING PAN A Spirited Defense of a Great Amer ican Institution. Norfolk, iVa.. Pilot. When any man libels the frying pan he Is striking at that which Is most jealously enshrined in the palates and stomachs of millions of Southerners and Westerners who hav dipped their Binn ing blades in grease three times a day ever since they were weaned. The truly rural Georgian, South Carolinian. Texan or Kansan housewife has but three cook ing utensils the pot, for boiling collards.; the spider, for baking pone bread, and the pan wherein the meat of the hog is sizzled in its own gravy; and her good man would resent any Innovation upon her style of cookery as he would the sug gestion that a daily bath was conducive to comfort or promotive of health. The religious or political faith of the average man may be questioned safely If the method is stactful, but to attack the im memorial custom of a class is an act of temerity equal to that of questioning the preference of a mother for her worst and ugliest child. The "fry" is an Institution in the South and West not to be eneered at with impunity. It nourished the heroism of the pioneer, its fumes served, notice upon the lurking savage that his monopoly of the forest and prairie was past and gone; it was the pabulum on which the youth of Andrew Jackson and Abraham Lincoln developed hardy digestive powers which kept their brains on the level; it cultivat ed the cotton fields and kept in fighting trim the eoldiery of Dixie, and it cleared the wilderness of Arkansas and Michigan and builded the tracks o steel that con nect the Atlantio with the Pacific. Also $1,385,069.44 $2,146,821.59 BROTHERS of Commerce. MUNICIPAL Couch Building' Trlephoaea M A 2237 the muses of the Carollnas drew their luxuriant fancy from inhalation of the oleaginous vapors arising from the pans where the tidbits of bacon spat and sput tered protest against the l'lt-ry ordeal of being "fried to a turn." The broil and the roast only come along when civilisa tion grows1 effete and effumiuate. A race of mollycoddles may pine for refinement in culinary methods, but for men of strength and endurance the fry's the thing, and the iron dish swimming with lard on every hearth is the unfailing sign of a people with active appetites, stout stomachs and hearts, solid brawn, tough muscles and rough hands. Seattle, Oct. 7. Arrived, uhlp Ft. Paul, Wak; steamer Asuncion. Han Fraticlst-o: steamer Itoma. San Francisco; steamer Dol phin, bkagway; British eteamer i'rltan. Comox. B " ; United States meanier Heather. Columbia Klver. dalled, Nebraa kan, Tacoma; Brltlbh Kramer Keemun. Vic toria; United States Army transport Sheri dan. Pan Franctsco; steamer Watson. Stxn Francisco; steamr St. Hlens, Taooma. Los Anireles, Oct. 7. Arrived, uteam era Olympic from Portland; Alcatraz from Greenwood; Admiral Sampson from Seattle; Thomas L. Ward from Grays Harbor; schooners A, M. Baxter Irom Wlllaiia Har bor; C. A. Thayer from Columbia River. Cleared, steamer president for San Diego. Departed, steajners Daisy Freeman for Wil lapa Harbor; Olaon and Mahoney fur Grays Harbor: J. Ft. Stetson, Grays Harltor. TBiAVBLKita' GTJIBB. NORTH PACIFIC S.S.CO. For Eureka, San Franciscq and Loa Angeles direct. The steamships Roa noke and Eider sail every Tuesday at i P. M. Ticket office 132 Third, near Alder. Phones M. 1314 and A 1314. EL YOUNG, Agent SAN FRAN. A PORTLAKD S. S. CO. From Ainsworth Dock, Portland, P. M. SS. Kose City, Oct. 8. 22. eto. 8S. Kansas City, Oct. 13. 2U. eto. From Pier 40, San Francisco. 11 A. M. SS. Kansas City, 0t. 9, S3, etc. bS. Kose Ctty. Oct. 18. SO, etc. M. J. HOC HE. C. T. A.. 142 3d St. 3. W. Ransom, Dock Agent, Ainsworth Dock. Mala 402: A 1402. Phones Main 2: Al34. COOS BAY LINE Tha steamer BREAKWATER leaves Port land every Wednesday. 8 P. M., from Ains worth dock, for Korth Bend, .MantUtleld and Coos Bay points. Freight received until 4 P. M. on day of sailing. Passenner fare, first class, $10; second-class. $7. including- berth, and meals. Inquire city ticket office. Third and Washington street, or AJuswortU dock. Phone Main 284. CANADIAN PACIFIC WEEKLY SAILINGS BETWEEN MON TREAL. QUEBEC AND LIVERPOOL. Nothing- better on the Atlantio than ur Empresses. Wireless on all steamers. F. R. JOHNSON. P. A. 142 Third St., Portland, Or.