-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.