21
MUKSiac OKEtiOAUN. iltlDAY, SEPTEMBER' 8, 1911. ZL
" " .
f Unnni'i uni nn nm i
hubb A HULUb oAU
WHEATBUYI
NGGQQD
Five Million Bushels Bought in
Northwest to Date.
MARKET IN FIRM POSITION
Everything Offered for Sale Is
' Taken Buyers Bid 82 Cents for
Club and - 85 Cent
for Bluestem.
The wheat market wu strong snd active
yesterday. Full prices were quoted all along:
the. Una. buyers offering 82 eenta lor club
and as cents for bluest em. The amount of
business transacted was only restricted by
the Tolume of the offerings. Everything put
an the market being taken.
The buying was understood to be largely
for milling account, here and on the Sound,
and to view of the large amount of export
flour business now being worked. It Is likely
the burins- will continue for some time yet.
It la estimated by dealers that B.000.000
bushels of wheat have been bought In the
three states sine the season opened. This
la about a tenth of the crop and show a
vary active market for the early part of
the year.
Alter being Quiet for several days, busi
ness was resumed in the barley market yes
terday, fresh inquiry coming from the East.
where prices at several points were higher.
Tha setback, given the Eastern barley mar
ket at the opening of the week was due to
large deliveries.
Oats were firm, with good demand.
Some business at 2 was reported. Wil
lamette Valley farmers are holding back.
Local receipts. In cars, were reported by
the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
aConday
and Tuesday. 147 a 14 21 14
Wednesday .... 85 5 11 9
Thursday 6e 5 B IT
Tear ago 83 2 10
Season to date.1012 64 48 149 45V
Tear ago 1113 7 601 248 492
DECTDFOrS FRCIT MARKET IV EAST
o Improvement fat the Pear and Oreen
Frana Situation.
Ths Northwestern Fruit Exchange reports
Eastern market conditions as follows:
On the 29th car Medford Bartletts, sold
In Boston. -Red Triangle Brand." averaged
1.32. On the 1st, one car Mosler Italians
and Bartletts sold Philadelphia auction,
Bartletts 1.40. L45; Italians. U to $1.20.
mostly II and $1.03. On the 1st, in Cleve
land. California Bartletts sold 23c to 65c
averaged 44c; fruit ripe and soft. Car Mil
ton Italians, same day. averaged 11.20. Cin
cinnati. 1st. averaged 11.11 for California
Bartletts.
Omaha. Sept. 2. '"Good many individual
shippers In Idaho quoting prunes as low as
55 cents and several of our larger buyers
hsve placed orders at this figure, and as
long ss they can buy for lesa,money from
these fellows than from the exchange they
will continue to patronise them." "Pears
growing worse; receivers breaking cars and
jobbing Colorado Bartletts. $1.25."
Denver. Sept. 2. "One car pears sold Au
gust 29 to Lawrence-Hensley by Stewart
Fruit Company, loaded at Walnut Creek,
CaL; fancy Bartletts at 83c f. o. b. Milton
p. cL Association had tramp car Italians m
the city yesterday, but no offer was made,
as there Is m movement on Italiana Bla
lock FrulfCompany had a car of Italians
In her last Monday which was rejected and
finally bought at a discount."
In New York, on the 81st, Oregon Bart
letts averaged $1.29 at auction; Italians.
S3c: Philadelphia, 81st, car W. P. Sawyer's
(Wapato, Wash.) pears sold auction $1.13
to $1.45. mostly $1.30 to $1.43. Chicago re
ports under date 31st: "Prune market
weak; dealers taking heavy losses; market
flooded domestio stocks."
The exchange reports sale of one car
Italian prunes for account Kmmott Fruit
growers Association, at 75a, and several
cars for Welsar River Fruit Association at
TOc, all f. e a. shipping point.
FOREIGN 'HOP MARKETS ARB STRONG
Bean Trjlng tm repress Prices a This
End.
"English, market firmer, with more tn
utry. Continental markets firm and ad
vancing tor all qualities.
Tha above cable was received from Lon
don yesterday. The news was encourag
ing to holders here and they are satisfied
- that the effect of the foreign strength will
Soon be felt on ths Pacific Coast. Tha
matter rests largely with the growers of
Oregon, as tha hulk of tha unsold hops of
the new crop are In this state. There are
a good many ordera now on the market at
low prices and If the growers will not al
low them to be filled the buyers will have
to raise their bids.
Determined efforts are being made In
soma quarters to depress the market and
get It back to the 25-cent level If possible.
One method of the bears Is to circulate
false reports as to the quality of the Ore
gon and Washington hopa Wires received
yesterday from Eastern dealers stated that
they had been advised by certain Coast
firms that the quality of the crop had been
damaged by rain and wind. This Is un
true, as It is known by everyone In the
Kerthwest that the quality of tbe crop this
year Is much better than usual. Some ex
perienced hopmen declare that the quality
sraa never better than this year. The East
ern buyers, however, say they will wait
Until they see samples, but in the mean
time the bearish Influences wil be at work
and every attempt made to check the de
mand. '
BUG Alt STTXX ADVANCING IN EAST
standard. Granulated Cp to Cents la
New York.
NEW TORX. Sept. T. The price of sugar
sontlnoes to advance, owing to the reports
sf a serious shortage In the new crop, and
the market has now reached the highest
level since July, 1999. Sales of raw sugar
were made here today, establishing a price
of 8 cents a pound for the grade known
as Cuban centrifugal, and' this advance was
accompanied by an announcement of another
10-point rise In the price of refined sugar,
with standard granulated quoted at H
cents, while people In the raw sugar trade
reported a very strong market, with little
or nothing offering even at the new high
prices.
The advances have been chiefly due to
the sensational strength of the European
markets and unfavorable ports from the
European beet crop, although Cuban crop
prospects are also said to be under the
average.
V
PEACH MARKET IN FIRM SHAPE
Car of I.ng Tokays Arrives Eight Cars of
pnsnss
Tha peach market was fairly firm yes
terday, with a good demand and moderate
receipts. Prices were unchanged.
Grapea were In large supply. A car of
Tokays In lugs arrived and they were quoted
at $1.25.
Good cantaloupes were firm and poor stock
weak. There' was a better Inquiry tor mel
ons than for several days. There are no
cars of melons rolling, but there axe enough
on the street to last for several days.
Eight ears of bananas arrived yesterday.
There will be no more la until next Thursday.
Better Demand for Eggs.
With a better demand for eggs and so in
crease In the supply, the market has become
firmer. - Prices quoted on the street yester
day were 24 and 2T cents. ' Markets In tha
East and la California are slowly advaao-
tag. .
Poultry was scarce yesterday and firm.
with a good demand.
There were no new developments yester
day in the putter or cheese markets.
Advance la Linseed Oil-
Unseed oil prices have started upward
again after a steady market tor Dearly three
months. A d-cent advance was announced
yesterday which puts the raw quotation at
9T cents for barrels and $1.02 for cases, ana
the boiled price at 99 cents In barrels and
$1.04 in cases.
Turpentine declined 2 cents a gallon.
Bank Clearings. .
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland 2.027.70S $132,884
Seattle : $.114. 7 87
Tacoma 773.868
Spokane 816. 3
$88,510
84.654
121.68$
Vic:
solid
0
PORTLAND MARKETS.
' Grain. Floor. Feed, Etc.
WHEAT Track prices: Bluestem, 5e
ciuo, si'c; rea Kussian. isc; vauey,
FLOUR Patents, $4.5 per barrel;
straights. J3.85; exports. lS.oo; valley. .
araham. Z4.SO: whole wheat. $4.70.
it .t .RrTT pps Trn K24.50fi25 ner ton;
middlings. $32; shorts. $25.50020,00; rolled
barley. 133.50 034.50.
. CORN Whole. $33; cracked. $34 per ton.
BARLEY New feed, ViUl per w.
brewing. $38.00037.00 per ton.
OATS New white. t28 0 2 oer ton.
HAT No. 1 E. O. timothy, $1518; No.
I valley. $14; alfalfa, $12; clover, sa.ov
grain hay, 9jlL
POULTRY Hens, 18Hc: Springs, lj-ie;
Atirlr vMinv -inflitfte: reese. HOllVlC.
turkeys. 18919c. "
BUTTER Oregon creamery butter
pack. Sic; prints, extra.
EGGS Fresh Oregon ranch, candled. 26
a t u per uuzca.
CHEESE Twins, triolets and daisies.
lBo per pound; young America, 18"o
PORK Fancy, 10Villo per pound.
VEAL Fancy. 13ViC14Vio per pound.
Vegetables and Fruits.
eoriDTriT. worrm nrane-es. $4.50
4.76 per box; California grapefruit, $3 8.75;
bananas, 505V.O per pound; pineapples. So
per pound; lemons. $5 3.50 per box.
FRESH FRUITS Cantaloupes, 85cLTo
per crate: peaches. 585o per box; water
melons, liio per pound; plums, T5e per
crate; prunes, 750 per box; pears, 40c 1.25
?er hox; grapes, vocitf.i.io per .,
1S2.50 per box. .
VEOF.TABI.HS Beana BSlOe: cabbages,
$2.00 per hundred weight; corn. 2530o per
dozen: ncumhera. $1(91.25 ner sack; egg
plant 68c per lb.; garlic. 10012c per
pound; lettuce. 80035a per dozen; hothouse
lettuce; $1.25 1.75 per box; peppers. 8 10a
per pouna; raaisnes. I2nc per uoaeu;
SACK VEGETABLES New carrots. LT8
perSBack; turnips. $1.25; beets, si.a.
POTATOES Oregon. lVJc per pound
sweet potatoes, 3a per pound.
ONIONS California, $1.60 per hundred.
Staple Groceries,
SAT MAW Columbia River. 1-nound tails.
$2.25 per dosen; 2-pound tails, $2.95; 1-
pouna nats. z.4o; AJaana pin, i-jiu"
tails. $1.23.
COFFEE Roasted, In drums, 23 30c per
pound.
HONET Choice. $8.73 per ease; strained
noney. 10c per pouna.
SALT Granulated. $1$ per ton; half-
ground, 100s. $8.30 per ton;. 60s. $9 per ton.
NUTS Walnuts. 11 Viae per pouna;
Brazil nuts. IOISo: filberts, 16c: almonds.
18018c; pecans, 18c; cocoanuts, 90c$l per
dozen; chestnuts, 12 Ho per pound; hickory
nuts. 8010c per pound.
BEANS Small white, 4c; large white.
4c; Lima, 7c; pink. Bc; red Mexicans, 6$0;
bayou, 5c.
RICE No. 1 Japan. 4ie: cheaper grades,
$3.6004.65; Southern head. 6H07o; Im
ported Imperial, $c; Imported extra No. 1.
707HC ,
SUGAR Dry granulated. $7.10; berry.
$7.10; beet. $8.70; extra C, $3.60; powdered,
barrels. $7.10; cubes, barrels, $7.80.
DRIED FRUITS Apples, 12tt13tto per
pound; apricots, 16c; peaches, lOfilSo;
prunes, Italian. 10011c; silver. lso; figs,
white and black, 6&1o; currants, 100
11c: ratline. loose Muscatel. 1o;
bleached Thompson, 11 He; unbleached Sul
tanas. SMo; seeded. 9Hfe9c
Bops, Wool and Hide.
HOPS 1911 contracts, 85 087c; 1910 crop.
nominal; 1909 crop, zc; olds, 17c
MOHAIR cnolce,. B0WB7H0 per pouna.
WOOL Eastern Oregon. 9016o per
pound, according to shrinkage; Valley, 15
17o per pound.
PELTS Dry, lOUe; lambs. 250400 each;
shearings, 10 20o each.
HIDES Salted hides. lOe per pound;
salted calf. 16017o; salted kip. lotto; salted
stags, 6Vac; green hides, 9c; dry hides, 16c;
fry calf. 19020c: dry stags. 12 q 13 Ho.
URGE FLOUR ORDERS
TEX THOUSAXD TON'S BOOKED
FOR SHTPStEXT FROM SOUND.
Wheat Market Strong and Millers
Paying; Higher Prices Grain.
Bag Quotation Lifted.
SEATTLE. Wash., Sept. 1. (Special.)
There Is authority for the statement that
orders for no less than 10,000 tons of flour
have been booked for shipment to Shanghai
and Tientsin during September and Octo
ber, and that practically all the available
space on vessels operating to those ports
has been taken. The demand from South
ern China is also good. Recent floods are
said to be partially responsible for the
heavy demand for flour. Japanese millers
have reoently contracted for oloee to 100,000
bushels of wheat for shipment from Puget
Sound, and the end of the movement Is not
yet In sight. An advance of 20 cents per
barrel on export flour went Into etfeot this
morning. The base price of export flour
is now $8.80.
The local wheat market was very strong.
Millers had to pay 88 cents for bluestem
and (83 cents for club. The price of 1913
grain bags was lifted to $6.S0.
The first carload of New Jersey sweet
potatoes of the season reached Western ave
nue last night and was distributed this
morning at $4.50 per barrel.
White potatoes were easier. Dealers were
able to buy good stock on track as low as
$28.50.
Peaches were steady. The rush appears
to be over. The top price, however, today
was 80 cents. Cantaloupes were In good de
mand. Pears ware still a drug on the mar
ket. Two carloads were on track. One of
the cars was to have been sent to Vic
toria, but were diverted to thie market
The top price was $1.
Demand for butter, eggs, cheese and poul
try was fair.
Recent activities of the health department
In forcing butchers to keep their markets
sanitary has curtailed the demand for live
poultry somewhat, but increased the de
mand for dressed stock.
Metal Markets.
NEW YORK. 6ept. 7. Standard copper
dull; spot, September, October and Novem
ber, 12 312.15c. London dull; spot 58, fu
tures 56 13s 9d. Lake copper, 12.&2H 9
12.87Hc: electrolytic 12.J0412.63Ho; cast
ing. 12-25 6 12.60c
Tln easy; spot. 42.25o told; September,
41.25041.75c: Ootober, 41.25041.75c: Octo
ber, 41041.50c; November, 4O.7504L25c
London weak; spot. 187 15s; futures, 1SS
6s d.
Lead dull. 4.4504.5OO New York. 4.350
4.45c East St Louis. London, 14-8s 6d.
Spelter dull: 6.9006a New York, 6.800
5.90c East St. Louis. London. 27 13a
Antimony quiet; Cookson's, 8.30 8.50a.
Iron. Cleveland warrants, 46s lOd in Lon
don. Locally Iron was quiet. No. 1 foundry
Northern. $15.25 15.75; No. $15.25016.50;
No 1 Southern and No. 1 Southern soft. $10
016.60. '
Chicago Produce Market.
CHICAGO , Sept 7. Butter Steady.
Creameries, 25 26c; dairies, 18022c
Egjs Steady. Receipts. 7648 cases; at
mark, oases included. 11015o; firsts, 17c;
prime firsts, ISHc.o
Cheese Steady. Daisies, 18018HC; twins,
12H12c; Toung Americas, 13!4018Ho;
long horns. 13K013HC
New York Cotton Market.
NEW YORK,- Sept. 7. Cotton closed
steady at a net gain of 4 to 10 polnta
6pot closed quiet, 10 points higher. Mid
uplands, 11.70c; do gulf, ll.SOo. Sales 170
balea
Dulnth Flax Market. '
, DULUTH. Sept. 7. Flax, on track and In
store, $2.66; to arrive, $2.62 H: September,
$2.62 bid; October, $2.44 aaked November,
$2.44 asked; December, $2.40. nominal.
PRICES GO
DOWN
Stock Market Recedes to
Former Position.
SECURITIES ALL SAGGING
Gains of the- Past "Week Are "Wiped
Outr-pAcUve Selling Followed
try Bear Attack Cause of
latest Slump.
vrw T-nnv Rent. 7. After a week of al
a.. -.-.. ...ncjis. in which stocks won
back a part"of the heavy losses of the An-
gust decline, the market suaaeniy
its position today. Prices went tumbling
downward until a large proportion of tne
recent gains had been eliminated. Some
stocks, including Baltimore Ohio and Mis
souri Pacific, fell to. the lowest points of
the year. Such prominent Issues as Atch'
Ison. Caradian Pacifio. Lehigh Valley,
Northern Pacific Reading and Union Pa
cific fell back two or more points, unitea
States Steel lost 14.' Its heaviest decline
for soms time. This rapid- shifting of post
tlcn seemed to be mystifying to the traders.
The market opened irregular, with a pre
ponderance of small losses. During the
morning traci ng was' unusually listless ana
chances were smalL In the afternoon aeu
lng became more active, culminating in a
vigorous attack on the list.
Stocks of the Hawley roads moved against
the market. Iowa central common jjr-
fArrMl tnal-ln esrjeciallv B-Ood SainS. The
movement was due to announcement of ths
expected leasing of the road to tne juin
n.aniiTiii Jk At. l.nuta as a nart of a plan for
a new route from Canada to the Gulf of
Mexico-.
The marked weakness of ths Gould
stocks was explained as being due to
fore-knowledge of the character of Missouri
Pacific's forthcoming annual report.
Several Western roads announoed the re
sult 1 of their July operations, and In some
eaaea abrupt decreases in earnings were dis
closed. The combined net returns of 43
railroads in July showed a small increase,
amountlna to slightly over 2 per cent.
Bonds were heavy. Total sales, par value.
$2,028,000. United States bonds were un
changed on call - ' -
CLOSING STOCK QUOTATIONS.
uiosing
100
9,800
700
2.100
4.9O0
300
200
600
8,600
AlUs Chal pf ..
Amal Copper . .
Am Agrlcult ..
Am Beet Sugar.
American Can..
Am Car & Fdy.
Am Cotton Oil..
Am Hd & Lt pf
Am Ice SeourC.
Am Linseed . . ..
Am Locomotive.
Am Smel & Ret
do preferred..
Am Steel Fdy. .
Am Bugar Kef..
Am Tel & Tel. .
Am Tobaooo pf.
Am Woolen ....
Anaconda M Co
Atchison
do preferred. .
Atl Coast Line..
Bait a Ohio . . .
Bethlehem Steel
Brook R Tran..
Canadian Pao ..
Centra! Leather
do preferred..
Central of N J..
Ches A Ohio ...
Chicago 4 Alton
Chi Gt West ..
do preferred. .
Chicago & N W
C, M A 6t Paul.
C. C, C St I
Col Fuel & Iron
Col tc Southern.
Consol Gas ....
Corn Products ..
Del & Hudson..
D & R Grande..
do preferred. .
Distillers' Secur
Erie
do 1st pf ....
do 2d pf ....
General Elec ...
Gt North pf ...
Gt North Ore . .
Illinois Central.
Interoor Met . ..
do preferred..
Inter Harvester
Inter Marine pf
Int Paper .....
Int Pump
Iowa Central ..
K C Southern
do preferred..
Laclede Gas ....
Louis A Nash..
Minn A St L . .
M. S P & S S M
Mo, Kan Tex
do preferred.
Mo Paclno 18,900
Nat Biscuit .... 800
Nat Lead 100
Mex N Ry 2 pr. .
Norfolk & West
North Am ...
Northern Pao ..
Paclno Mall ...
Pennsylvania ..t
People's Uas ...
P. c C A St L
Pittsburg Coal 200
Pressed S Car.. 100
Pull Pal Car
Ry Steel Spring.
Reading 97.800
Republlo Steel .. 100
do preferred..
Rock Island Co.
do preferred. .
St L A S F 2 pf
8t L Southwest.
do preferred..
Bloss Sheffield M
Southsm Pao ..
Southern Ry . .
do preferred. .
Tenn Copper . ..
Texas & racino
Tol, St L & Wes
do prexerreo. .
Sales. High. Low.
- 500 18 18
B.&00 69 &7
"U66 'ikM "wM
joo IWn luVs
700 4014 49
400 53 H 61 4
1U0 21 21
00 lti 18
'""ioo 'im 'ih'hi
.100 70 i 6V
100 105 105
800 80M SO
V,800 135 1354
LOO 96 94
4,000 'S5vi 'HM
7,2tfO . 104 102
122
ws
2U
77
22944
24
6U
400 74
600 'H'hi
141
115.
122
96
2U
75
S27
23
72
i8
140
113
100 28 28
80O 135
200
400
1,500,
4.900
1,900
100
800
2,100
HK
2O0
1,500
1.80O
2.20O
100
16S
23
60
80
Jig
153
124
48
13S
15
43
107
15
134
162
22
46
"29
i?
152
122
48
137
15
43
106
15
100
3,700
100
700
800
100
800
700
100
7.800
600
8,700
100
33
22
29
143
42
131
80
'ii'"
128
61
102
69
118
29
121
103
"18
. 80
83
20
29
142
42
181
29
"88
127
61
ioi"
69
120
103
'l8
80.
s
155
80
144 141 141
25 25 24
SOO 82 Z
1,900 25 24
200 60 60 -
100 1 41
'"206 69"' 60"
8.800
2,200
900
1,700
800
200
800
Union Pao .....105.200
do preferred.. 1O0
U S Realty ... 100
U S Rubber ... 100
V B Steel 67.700.
do preferred.. 1.700
Utah Copper ... .2O0
Va Caro Chem . 200
Wabash
do preferred. . - 40U
Western Md 80O
Westing Eleo . . 400
Western Union. 200
Wheel ALE
Total sales xor tne aay, i.iw uarta
BONDS.
virw YORK. Sent. 7. Closing quotations!
TJ S ref 2a reg.l00K Y C gn 8a..87B
110
27
8
84
?
89
170
92
68
87
71
116
a
"29 66
6.-.
.75
108
26
67
83
24
18
89
167
92
68
37
69
115
42
63
'29
66 .
66
74
Bid.
1 17
t 67
60
62
1U
48
61
21
17
8
v 85
69
104
80
115
135
92
27
84
102
101
121
96
20
75
227
28
95
870
72
. 25
518
88
140
113
65
28
47
134
12
102
22
48
80
29
49
41
152
122
47
187
14
43
106
15
10
82
20
28
69
103
142
42
130
29
64
88
127
60
89
101
68
115
29
120
108
93
24
8
24
49
41
29
69.
8S
108
26
67
83
24
17
89
167
92
6S
89
69
115
42
63
18
29
66
65
'ft
167
do coupon ...100
TJ S 8s rsg 101
do ooupon . . wl n
U 6 new 4s reg.113
do coupon ...113
D$RO 4s. .. 91
No Pacifio 8s... 70
No Pacifio 4s... 99
Union Pacifio 4a,100
Wis Central .a.. 98B
Japanese 4s .. 47 3
Stocks at Boston.
BOSTON, Sept. 7. Closing quotations:
Allouaa 20
Amalg Copper.; 57
A Z li Ill . . .
Arizona Cora .. 1
B&CC&SM. 4
Butte Coalition. 16
Cal A Arizona. . 60
Cal It Hecla. .. .410
Centennial 9 .
Cop Ran Con co ex
E Butte U0P M.
Franklin S
Glroux Con .... 4
Oranbv Con ... 29
Greene Cananea. 6
I rtoyaiie -uop;
Kerr Lake 3
Lake Copper. ... 24
la bane copper on
Miami Copper... IS '
Mohawk 38
Nevada Con .... 17
Nlplssing Mines.. 8
North Butte..... 23
North Lake 5
Old Dominion... 88
Osceola 83
Parrott (S A C). 9
Qulncy ......... 65
Shannon . 8
Superior 24
Sup St Bos Mlru. 2
Tamarack 23
USSR AM... 82
do preferred .. 46
Utah Con 12
Utah Copper Co. 42
Winona 5
Wolverine ...... 99 -
Condition of tha Treasury.
WASHINGTON. Sept. 7. At the begln-
nlnr of business today the oondltlon of ths
United States Treasury was:
Working balance in xreasury 01-
ricea $ 84.983.46W
In banks and Philippine treasury 80.149.678
Total of the general fund 141.55S.6S5
Receipts resterday 2.220.421
Disbursements . 2.008.850
Deficit to date this fiscal year Is $21,698,
061. as against at deficit of $11,685,304 at
this time last year.
- These figures exclude Panama Canal and
publlo debt transactions.
Money, Exchange, Eto.
NSW YORK. Sept. 7. Money oa call
steady at 22 per cent; ruling rate 2
pgr cent; closing bid. 2 per cent; ottered
at 2- per cent. Time loans steady; 60
days, 2 $3 per -cent: 90 days. per
cent; six months. a48 per cent. Prime
mercantile paper. 4 to 4 per cent.
Sterling exohange steady, with actual
business la bankers' bills at (4.8320 for 90-
day bills and at $4.8506J4.8905(M.8S10
aemano. iomm aiv... "..
Bar silver, 62c
Government bonds, steady; railroad bonds.
nsavy.
LONDON, Sept. 1. Bar stlvev, steady at
a per ounce.
, 1 ioiu i Mint.
The rate of discount in the open market
for short bUls is 8 per cent; for three
months bills, 8ga per cenu.
SAN FRANCISCO, Bapt 7.-terlng
London. 60 days. $4.83; sight. $4.86.
Drafts Sight, 2c; telegraph, 60.
CHICAGO. Sept. ft- Exchange on New
York, par. .
"SAVANNAH. Sept. 7. Turpentine firm;
Blo; sales, 783; receipts 9.4; shipments
Rosin firm: sales, 8356; receipts, 2900;
shipments. 128: stocks. 96.200. Quote: B,
eeoUOc; D. 6.306.40o: E. 6.50fl.55e: F.
6 52 6.55c: G, 6.65 6.60c: H, 6.65 9
6.67o: L-e.55 06.6Oo: K. 6. 60 ft. 65c ; M,
6.662 6.7001 N. 6.90c; WQ, 7.15c; WW, 7.40c
SAN FRANCISCO PRODUCE MARKET
Prices Quoted at the Bay City for Vega-
aV.lVs.aas- tTsfrtlf 41 Vtgtl
SAN FRANCISCO. Sept. 7. The follow
ing DrOCIUCe prices we 10 cuiicui . . " f -f..l.
"ITrl.,,hr. , 2Sfl)50c: arlio.
sl25a2.00: strina beans.
tomatoes. 15&40c; egg plant. 500
75c
Batter Fency creamery, 28c
Eggs Store. 80c; fanoy ranch, 82c
- t-oeese xouna aukhi, , - -
Fruit Apples, choice. $1.5: caanmon,
85a: Mexican limes, $5.50 6; California
lemons, choice, $5.50; common, $1.50; pine
apples,' jaws. -
potatoes Salinas , Burbanks, $L0QL85
sweets mip'4o.
Mlllstufls Bran, $29030; middlings, $33
Hy Wheat. $123'18; wheat and oats, $13
Onions 66 80c . .
Receipts Flour, 2670 quarter sacks
wneat, centals; uni , o,oj w v.u-." .
oats, l&oO centals; potatoes, 7350 sacks;
1. kk 1. n . w.v TH4. tnnl
Puxr Sound Wheat Market.
TACOMA, Sept. 7. Wheat Bluestem, 85
c8c; oluh, sac; xortyioia, oiic; rea -xv-slan,
80c Receipts, wheat 84 cars, oata 4
cars, hay IS cars. - "
btcstti.tc. Kent 1. Wheat Bluestem,
85c; fortyfold, 81c; club, 80c; Fife, 80o; red
Russian, 78c Oats, $28 per ton; barley, $30
per ton; Dags, $o.zr.
GOOD SUPPLY AT YARDS
TRADE tX AITj I.IA'ES OF liTVE-
STOCK IS ACTIVE. .
Steers Move at $5.6 and Cows at
$4.65 Large Bunch of Wethers
43oe9 at $3.45.
There was a fairly large supply of live
stock on the market yesterday and trading
was active.. The prices paid showed no
material chanee in conditions either way.
Steers ranged from $5 to $5.65 according
to quality and cows brought from $4 to
$4.65. The best calves on offer sold at
$7.50.
The top price paid for hogs during too
day was $8.50. while stocker sold at ii.do.
Several larare lots of sheep were movea.
One bunch of 747 head of wethers brought
$3.45. Ewes sold at $2.60.
The Portland Union Stockyards Company
has prepared a statement showing the
sources of the livestock receipts m Au
gust, 1911, and in the same month last
year aa follows:
STATES.
a
S3
Oregon .
Idaho
Washington
California ..
Nebraska .
Montana ...
15429,5859
Hfl40J28
170
131
1247
977
Totals
'twill
86901778616248:6416188.006
CD ?
27(H 184
IB
867
446S
T
11733,25,686
1.444
6,676
183
43S6
15.402
3".671
19,073
Receipts yesterday were 489 cattle, 70
calves. 439 hogs and 1287 sheep.
Shippers were: Baker & Frost, Nampa, 4
ears of sheep; William Shepard, who drove
In 88 sheep; Jake Kaser, Shanlko, 1 car of
sheep; F. C. Oxman, Durkee, 6 cars of cat
tle; Davis & Clark. Dubois, 7 cars of cattle
and calves; is. tt. wuiara, aioniaa, nunu,
8 ears of cattle; Lynch A Pozler, Corning,
CaL. 2 cars of hogs; MoFadden & Bar
clay, Corvallls, 1 car of nogs; i. neison.
r.ntpBiiA wash.. 1 car of hogs; E. W.
Krail, Lyle, 1 car of cattle and G. S. Bent-
sey. Berry. 1 car or catuc
The day's sales were as follows: -'
Weleht. Price.
s l.i-O
8.35
7.60
4.40
4.25
4.00
4.40
6.60
5.60
6.A5
6.00
6.50
6.00
4.09
4.65
4.65
4.65
4.65
4.00
4.65
4.60
4.25
4.00
4.50
4.65
7.00
. 4.50
6.00
7.50
3.25
8.45
3.45
3.35
2.50
8.50
8.25
8.25
Uitlon
BO hogs ..........'.... J2
to hogs 825
27 hog "o
27 cows Jl42
26 oows J048
5 cows 113?
23 cows 9t)4
27 steers 1J
27 steers 1
2 steers J1JS
5 "eer 1010
6 steers 1112
8 steers 1003
23 cows 8r
3 cows 1020
1 cow 1230
4 heifers 1010
9 heifers 918
2 cows 885
29 cows 1086
29 oows 1077
28 cows 942
3 cows 1038
19 cows 9u7
69 cows 1146
82 calves 235
2 calves .......-... 545
4 calves 8H7
82 calves 271
2 bulls 148a
243 wethers 101
747 wethers 106
62 wethers , i'"
197 ewes e
115 hogs 15a
60 nogs
108 hogs : 129
Prices current at tne roruanu
Stockyards for the various classes of stock
were:
Extra to choice steers.......
Good to choice steers ......
Choice cows
Good to choice cows
Good, average 1050 pounds.
Common cows
Ch.A. hffrfl
Choice Duns o.oum .iu
Choice calves, 200 lbs. and under 7.25 7.35
Good to choice calves 6.(0 6.00
Common calves 4.00 5.00
Choice stags ' 4.60 4.7E
Good to choice stags
Hogs
Extra chotoe light hogs...
Choice heavy hogs .....
Heavy rough, hogs ......
Sheen
Choice yearlings, wethers.
Choice two-- and threes. .
Choice mountain lambs ...
Choice Valley lamps ....
Choice killinar ewes
XOe XUliUWing quuiauuui represent. piii,c
en this market for the different classes of
horses: Drafters, extra heavy, $300 $00;
drafters, 1400 to 1700 lbs., $150350; draft
era 1200 to 1400 lbs.. $100250; chunks,
$0 0150; saddle horses. $60 and up.
, Chicago Livestock Market.
CHICAGO, Sept 7. Cattle Receipts es
timated at 600O: market, steady to strong.
Beeves. l-.l3A.10: Terns steers. $4.406.4O;
Western steers. $4 7; stockers and feeders,
$38.50: cows and heifers, $2.25 6 4.30;
calves, so.zDifftf.
Hogs Reoelpts estimated at 12,000; mar
ket, ataadv to shade UD. Light. $6.85
7.40: mixed, $6.75 7.40; heavy, $6.60 7.30;
rough, $6.60 6.80: good to choice heavy,
$4.807.80; pigs, $4.767.20; bulk of sales,
$6.857.15.
Sheen Rscelnts estimated at 27.000: mar
ket, strong. Native, $2 0 8.85; Western, $2:40
4; yearlings. $3.904.SO; lambs, native,
$4 6.10; Western, $4.256.10.
.$5.50$3.80
. 6.25 5.60
4.50 414.75
4.25 4.60
4.00 4.25
2.75 8.00
4.80 9 5.00
4.25 4.50
8.25 8.65
7.00 7.2S
$.25 $.60
8.25 8.85
$.003 3.15
4.60 4.75
4.00 4.15
2.25 8.00
MONEY
to Loan on City and
Farm Property
Western Bond & Mortgage Co.
416 Commercial Club Bids
Portland, Oregon.
Tel. Mala 7231, A 7231.
Failure to Offer Wheat Stimu
lates Market.
CLOSE AT'CHICAGO HIGHER
Rumors of Suspension of French
Import Duties Heavy Buying
, of American - Futures -try
Foreigners.
CHICAGO, Bepti 7. Snort crop scares at
tracted non-professional speculative buying
of wheat today and lifted the market, not
withstanding heavy soiling on the part of
owners. It was a day of much nervous
actlo'n in the wheat pit. with the volume
of business considerable -wreater than for a
long time. Most of the sales were In the
nature of profit-taking In advance of the
Government crop report at the close tomor
row. On the other hand, there was con
tinued buying on orders from sources not
usually active, notably purchasing of fu
tures here by foreigners. Most of the in
centive on the bull side of the market came
from the failure of Russia to offer wheat
for sale. In some respects the situation
in Germany was represented as hardly less
serious and there were rumors of a sus
pension of French Import duties, a measure
Intended to appease publlo clamor about
scarcity of supplies. December ranged
from 96Hc to 97c closing a net
higher at 97o even.
Good rains made corn weak, but the mar
ket rallied when cables reported that the
French Cabinet had agreed to remove duties
on fodder. December fluctuated from 63io
to 64&o and closed firm, but it Ho net
lower, at 634c No. 2 yellow was
quoted at 66 to 66 hi a. Cash grades were
weak.
Selling by longs had a bearish Influence
on oats. High and low points on the De
cember option reached were 46c and tSHe,
with the close Just at last night's level.
4614c " '
Bmallness of hog reoelpts gave steadiness
t4 provisions. At the last gong pork was
unchanged to 2o up, lard the same as
last night to 7tto higher and ribs 2 Ho
lower to So advance.
The leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
Sept V 93' -93 --H
Dee. !. .97 .97, .97
May LOSS 1.02 '1.02 L02H
CORN.
Sept . .661,4 .66U .65H .6H
Dec 64 Vi .64Vi ' -S3H .64
May 6644 -66K .65 .6614
OATS.
Sept 43 'i .43 .42 H .4$
Dec 46 At Ai .464
May 49 .13 .49
MESS PORK.
Jan.... 16.S'21i 16.32H 16.274 16.86
. LARD.
Sept...... 9.56-.... 9.55 .8$14 t.55
Jan. i. 9.45. 9.46 , 9.35 8.42H
Oct....... 8.634 8.62' .57l 9.62
SHORT RIBS. '
Jan. 8.47 8.47 8.42 8.47
Cash quotations were as follows:
Rye No. 2, 85 86c -
Barley Feed or mixing, 65 85c; fair to
choice malting, 'LOoig 1.17.
Timothy seed $12.50 14.50.
Clover $13 19. ,
Pork Mess, per barrel. $15.75 16.87.
Lard Per 100 pounds. $9.52.
Short ribs Sides (loose), $8.60 9.
Sides Short, clear (boxed), $9.12 9.25.
Grain statistics:
Total clearances of wheat and flour were
equal to $41,000 bushels. Primary receipts
were 1,298,000 bushels,' compared with 1,
$34,000 bushels the corresponding day a year
aro. Estimated receipts for tomorrow:
Wheat, 182 cars; corn. 415 cars; oats, 164
cars; hogs, 9000 head.
Receipts. Shipments.
Flour, barrels , 42.700 $7,600
Wheat, bushels 878.000 13,000
Corn, bushels 1,168,000 567,000
Oats, bushels 657,000 $65,000
Rye, bushels 80.000 , $.000
Barley, bushels 173,000 $,000
European Grain Markets.
TiKnnN. Rent. 7. Careoes. firmer. Walla
Walla for shipment at 87s 8d to 87s 6L
Hmglisn country inar&oia, urju, 'raiw
country mar&eis, sieuay.
LIVERPOOL, Sept. 7. Wneat October,
- J . ' . . I Tm Ri J. vr-K Tm AiLA
Minneapolis Wheat Market.
MINNEAPOLIS, Minn., Sept. 7. Wheat
September. $i.03t; ueoemoer. $x.iah w
1.05; May. $1.091.09: No. 1 hard.
$L06?4; No. 1 Northern, $1.05L064; No.
4 Northern, $L00 L04 ; No. 3 wheat.
95c$1.02.
Grain at San Francisco.
SAN FRANCISCO. Sept.. 7. Wheat steady.
barley easy.
Spot quotations: Wheat Shipping, $1.69
1.55 per cental.
Barley Feed. $1.52 1.65 per cental!
brewing. $1.621.67 per cental.
Oats Red, $1.551.70 per cental; white,
a. . , K1..T. 1 lev ........
Call board Bales: Barley December,
$1.60 per cental; May, $1.63 per cental. ,
Hops at New York.
NSTW YORK. Sept. 7. Hops Steady.'
"We consider
that Bitnlithio
is an excellent,
attractive,'
noiseless and dur-
Excellent, D P-Ve-
attractivo merit, in
durable".', fact the
I b e s t '. pavement
tnis - city . has
ever enjoyed."
J. K. Snllivan,
Street Commis
sioner, Newport,
R. L
THE BARBER ASPHALT
PAVING COMPANY
Constructs Asphalt and other Bit.
miaous Paveinenla. 06-60s Kleccjla
bldsT Portland. Or. Oaa-ar iutas,
Manager.
TBJLVELEKS" GTJTDB.
HONOLULU $110
FIRST-CLASS BOUND TRIP.
Tiik mflii ilellffhtftil snot on entire world
tour for your vacation. Delightful sea bath
ing at the famous beach of Walklki. The
splendid SS. Sierra (10,000 tons displace
ment) makes the round trip in 16 days, and
one can visit on a side trip the living vol
cano of TCll&uea. which is tremendouslv ac
tive, and see for himself the process of world
creation, no otner trip compares wnn tnis
for th. marvelaufl and wonderful In nature.
Visit the Islands now, while you can do lt
so easily and quickly and while the volcano
Is active. Prompt attention to telegrams for
berths. Sailings: Sept. 28. Oct- 24. Nov. 4.
fiov. 25, etc Book now.
678 Market Street, Ban Francisco.
$1 TO ASTORIA
Via O.-W. K. v N. Steamers.
T. J. Potter leaves Ash-st. dock .... $ A. 'M.
Saturday 1 P. M.
Hajsalo and Harvest Queen 8 P. M.
eaturaay 10 P. Jo.
See Astoria's Centennial Jubilee and en-
Joy a delightful xiver trip. Same price for
return passage. This privilege expires with
Saturday, September 9.
Win. atcMnrray, jen. lass. Agent,
STATEMENT OF CONDITION OF
LUMBERMENS NATIONAL BANK
OF PORTLAND .
Corner Fifth and Stark Street
AT THE CLOSE OF BUSINESS SEPT. 1, 1911
RESOURCES
Loans and discounts -
Overdrafts
TJ. S. bonds to secure circulation
Other bonds and premiums
Furniture and fixtures
Customers' liability under letters of credit....
Due from TJ. S. Treas t 12,
Cue from banks 604,
Caen on hand. .. 680
S2.896,
" 250i
240,
25,
600.00
327.38
126.80
493.08
554.70
000.00
990.84
,000.00
431.20
LIABILITIES
Capital '
Surplus and undivided profits
Circulation....
Dividends unpaid
Drafts accepted Under letters of credit
Deposits ... r ........ . .... . . . r.
1.096.954.18
$4,511,423.61
.$1,000,000.00
83,320.84
250,000.00
75.00
431.20
. 3.172.095.47
$4,511,423.51
Established 1886
erchants National Bank
Second and Washington Streets
Portland, Oregon
Capital and Surplus 8600,000.00
DEPOSITARY FOR THE UNITED STATES. v .
DEPOSITARY FOR THE STATE OF OREGON.
DEPOSITARY" FOR THE COUNTY OF MULTNOMAH. J
DEPOSITARY FOR THE CITY OF PORTLAND. -
Accounts of corporations, firms and individuals invited.
Four per cent interest paid on time deposits.
First National Bank
Capital $1,500,000
Surplus 750,000
Oldest National Bank-West of tho
Rocky Mountains
Bank Notice
'Security Savings and Trust Company
Corbett Building, Fifth and Morrison Streets
Capital and Surplus $1,400,000
Invites Accounts of
Merchants, Individuals and Savings
. af?fl!s'
North Coast Tourist Route "Norway of America"
STEAMSHIPS
"PRINCE RUPERT" AND "PRINCE GEORGE"
Leave Seattle, Wash.,
Wednesaay and Sunday at 12:00 o'clock Midnight for
Victoria, Vancouver, Prince Rupert, Stewart.
Connecting at Prince Rupert with S. S. "PRINCE ALBERT Xor Queen
Charlotte Islands and local points.
GRAND TRUNK PACIFIC RAILWAY
(mocntaiw nrvisioi)
Trains leave Prince Rupert every Wednesday and Saturday at 1:00 P. M.
for Copper River, B. C. (100 miles) and returning; arrives Prince Rupert 6:20
P. M, every Thursday and Sunday.
Through tickets and baggage checked from Seattle, Victoria or Vancouver.
GRAND TRUNK RAILWAY SYSTEM
(Double Track Route)
Four Through Trains Daily No Excess Fare
To all points East: standard and Tourist sleepers, ' dining-cars senrlag meals
a-la-carte and club break fast
Low SO and 60-day round-trip Tourist Tickets. Send for free booklet giving
routes and rates.
J. H. BURGIS. General Agent, Passenger Dept.
First Ave. and Tesler Way. Seattle, Wash.
TB-yll-mt1 GUIDK.
iiiWl
LONDON PARIS HAMBURG
Bluecher Sp. M i P MKirs Mr. via op
Cincinnati ...Sept. 23Pre. Lincoln Oct- 8
tftitz Carlton a la Carte Restaurant.
11 - . th . , . V. anH f ' H .. r h ."i 1 1 TV
-Will Call t . . mi -i. ... . - , , .
GIBRALTAR AJXilElW. AtLtS, ltOA.
IS. 8. M-UUllIVU V' - -
S. S. C1XVELAND '(World Crulii) . ".Oct. 21
number of passengers to ITALY, via MA
DEIRA and GIBRALTAR. . '
1W1U tail n.. "'ft'
! TWO IKllBM
By the Steamship
Urt.v.w.l.x vrk"
ri7.ooo Tons)
The nrst to leave
.New York Octooer
21. 1911. The sec
ond to leave San
1912. Annual event
Trips In Oct., 1912.
large Cruising S.
S. Victoria Lulse.
16.500 tons.
TRAVELERS' GUXOE.
UWlli XSVJ.
CRUISING
Around
THE
WORLD
Duration
110 Days
COST
$650
AND TP
Including
All
yec(ttary
Expenoet .
Aboard
And
HAMBURG-AMEKIOAN LINE.
iAn Pnwli mt . San Francisco. CaL. or
Northern Pac, J. A. McMullen, agent; O.-
Sa Puget Sound Rya and other R. K. office
In Portland.
NEW YORK-PORTLAND
REGULAR FREIGHT SERVICE.
Low Rates. Schedule Time.
AMERICAN - HAWAIIAN S. S. CO.
215 Railway Exchange Bids
Portland. Or.
Haln 8378. A 882a
COOS BAY LINE
STEAMER BREAKWATER.
Balls from Almworth Dock. Portland.
A. M.. Aug. 4. 9. 14. 19. 24. 29, Sept. , S.
li. 18. 22. 28 and everv 5 dava Frelcht re
ceived at Alnsworth Dock dally up to S P.
af Pasaena-er fare, first-claaa S10: second-
class, 7. including meals and berth. Ticket
office Alnaworth Dock. Pbones Msia 263,
liala 170, A 1284,
OFEX BXVEB TRANSPORTATION1 CO.
STR.J.N.TEAL
Freight - received
daily at Oak-et. dock
tor The Dalles.
Bood River. White
Salmon. Umatilla.
Kennewlck, Pasco,
Richland. Hanford.
White Bluffs, and
intermediate polnse,
FIRST-CLAM PASSE.VL.tK bRVlCJS.
FARE SO CENTS
TO HOOD RIVER. WHITE SALMON, THB '
DALLES.
Steamer leaves Portland Sun. Tnea.
Tbura., 7 A. M. Returning leaves Ths Dalles
Won.. Wed., Frt, 1 A. M.. arriving at Port
land about 6 P. M. same day. W. S
Buchanan. 6upt; W. S. Small wood, aea'l.
Mgr. Phone Main 2960. A 8627.
Str. MONARCH
Astoria Centennial Leaves Portland
7 A. M. dally, arrives Astoria 1:30
P. M. Leaves Astoria 4 P. M., arrives
Portland 11 P. M.
FARE $1
Wash.-St Dock. TeL Marshall 17.
San Francisco, Los Angeles
and San Pedro Direct.
North Paclno B. S. Co.'a 8. S. Roanoke
and a & Elder sail every Wednesday alter
nately at P. M. Titcket office isa Third
BL, near Alder.
MAKTIX jr. HIGLEY, Passenger Agent,
W. E. 6I.USSER, Freight Agent.
Pbones M. 1314. A 1314.
THE BIG 3
BEAR BEAVER ROSE CITY
' EXPRESS STEAMERS FOR
San Francisco and Los Angeles
W'THflCT CHANGE.
8. 9. Beaver Sails 8 A. M. September 10.
BAN FRANCISCO PORTLAND 6S. CO.
Ticket innce, 143 'intra bu
Phone Alain 403 and A 140A