Morning Oregonian. (Portland, Or.) 1861-1937, September 13, 1911, Image 21

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Morning Oregonian., September 13, 1911, Page 21, Image 21

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Newspaper Page Text21 THE MORNING OREGONIAN, WEDNESDAY, "SEPTEMBER 13, 1911, V. ORDERS NOT FILLED Strong Demand for New Hops ' at 35 Cents. ONE SALE AT 36 CENTS southern Oregon Fnggle Crops Are Bought rp at SO and 32 Cents. Interesting Circular From Manger & Henley, London. Th hoik nt the new Oregon fuggle crop Swss sold yesterday, about 800 bales char sine hand. Tiro crop sold at u emu others brought 82 cent. Klaber. Wolf Setter secured 181 bales at Harrlsburg; M Itchier Gribble bought three or four lota In tho same section, and the J. W. Seavey fop Company took 100 bales at Eugene. Thl nractlcally cleaned up the Southern Oregon district. In tho Salem section, B. O. Shuck ing bought three crop. Only a few scat tered lots of fugglea remain unsold. There was, no trading in clusters in this State, but there was a sale of 100 bales in Western 'Washington' at 38 cents. local dealers have several unfilled orders at 85 cents, some of them for largo quantities. It is now conceded by most hop men that the Oregon crop will turn out less than ex pected. The Portland dealers have reduced their estimates to 80.000 or 83,000 bales, and tome of the Salem dealers figure on a 76.000 bale crop. These estimates are based on the harvesting returns thst are being received. Reports from nine yards in which picking has been completed show an output of 12"'4 bales. These same yards last year had 2313 bales. The Independence section generally 's doing well, but elsewhere in the valley tho yield is a disappointment. The California crop, on tho other band, is larger than was expected. It Is now be lieved It will go S3.0UO bales, and possibly 90.000 bales. The following wire was received from a leading New York dealer yesterday: "New York crop will be under 20.000. Hops cannot be bought for less than SO cents. Quality generally poor with some prime." a .v..- v-.w Turk wire save 25.000 bales i . I n. , mnA rnnrtffl sales at l is a msiiiuuiii t '.ft mnA R1 rentl. The annual review of Manger Henley, of London, follows: For some years the average prices have been so unremuneratlvo that many growers ronld not continue to grow hops, and the position that we pointed out years ago has arrived. In which the supply is considerably below the demand and consumers have to face an unique fact that the world's stock is practically exhausted, with about a year's it-Id. and a tremendous risk In the future rr a still further shortage. Fortunately tho English growth Is of remarkable quality the best slnco 18S4 It having been grown in such abundant sunshine, which will make up. to some extent, for the high prices which must prevail. The continental crop is also not equal to its requirements, and their buyers are op erating on our market; already they have cleared off nearly all the old hops that re mained, and so stringent Is their position that their prices have trebled since they started contracting for 1911 hops. The New York State crop Is a failure. The Pacific roast crop Is being sold first hand at about fl per cwt. -The large increase of con sumption In America will preclude any Im portation other than that which is con tracted for. So It Is clearly the best policy of Brewers not to hesitate but secure as many as they can to tide them over a diffi cult situation. ti- ,i .um wUlrf will nmv trt be fi about SlW.OW) cwts. on, say 35.000 acres I rather more than half our annual consump ( tion. which Is still Increasing; tlie trade of tbe country being so good. . j no aspect iciiucrujr i " Wriould be In a position that ought to recom pense them to some extent for tho heavy losses in several recent years, and wo con gratulate them In being able to produce such splendid samplea as are now apparent in their gardens. JTI.L PRICES PAID FOB WHEAT Market Holds Vp In Spite of less Export Demand. Tho wheat market was quieter yesterday. Cables came through lower and tho export tona was' weaker. Thera was fair buying, however, for California and other account, and this, with the holding back by farmers, kept vtho market In a very steady position. Prices offered In the country for club were on the basis of 82 and 83 cents and .soma business at 84 cents was reported. The de mand from California was chiefly for blue stem and Turkey red. Oats were firm and barley was steady. Local receipts. In cars, were reported by tho Merchants Exchange as follows: Wheat Barley Flour Oats Hay Monday 224 Tuesday 57 Tear ago 43 Feason to da.te.1879 Tear ago 1331 11 18 22 15 5 6 6 8 13 5 4 7 B24 207 493 87 529 264 647 Foreign crop conditions are summarised by tho Liverpool Corn Trade News as fol lows: Tnlted Kingdom Threshing returns are showing op good. Rains are needed for plow ing. Franco Threshing returns are showing np sbovo expectations. Tho weather Is very ury. Germany The demand for native wheat rye is good, with offerings light. Tho outlook for tho potato crop Is rather worse and for fodder bad . 1 Russia Threshing results are poor, even in the best districts. Arrivals at tho ports sre very small. The outlook for tho corn crop is good. Roumanla Plowing for the new crop Is progressing satisfactorily. Arrivals at the port have Increased. Tho outlook for corn Is good. India and Australia Crop conditions In these countries are favorable. CHEESE STOCKS AGAIN CLEANED CP Local Market Is Higher at 16 Cents oa Twins and Triplets. The cheese market was firm yesterday and quoted higher on twins and triplets at 15915S cents. Young Americas held at 1H cents. A report front Tillamook was to tho effect that stocks were entirely cleaned np there. Tho local supply was very small. One of the largest handlers was 400 cases short on his orders. Butter was firm and unchanged. Tho egg market was quoted firm at 27 cents. There was a good demand for hens snd Spring chickens at-16 17 cents. Fruit Trade Is Light. The rain yesterday put a damper on the fruit trade. Receipts, however, were rather light and there was no material change In prices. Peachos worked off at former quo tations, as did grapes. Among the arri vals was a car each of Tokays and Malagas. Two cars of sweet potatoes also came in. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $2,263,144 $203,108 Feattla 2.320.G14 298.313 Tacoma 797.601 79.356 tpokane bl5.6'Al 73.279 PORTLAND MARKETS. Grain, Flour. Feed, Etc WHEAT Track prices: Bluestera, 860 ftc; club, S2&o4c; red Russian, SlOsSc; V'slley, tic: 40-fold. S3j84c; Me, 82c FLOUR Patents, $4.50 per barrel; straights, 84.U3; experts, $3.80: Valley. $4.50; graham, $4.65: wbo'.e wheat. $4.65. MILLSTUFFS Bran, $24.50023 per ton: MMrillnn ahnrta K RA A OX AO . Mllul bsrley. $33.50034.30. tuKS wnoie. $33; crarkeo. $34 per ton. brewing. $86.000 87.00 per ton. OATS New white, $La per ton. HAY No. 1 E. O. timothy, $1501$; No. 1 valley, $14; alfalfa, 812; clover, 88.50! grain hay. JUG 11. Dairy and Country Prod ace. POULTRY Hens. 16 17c; Springs. 16 17c; ducks, young. 16c; geese, ll&l-c: tur keys, is 19c . BL'TTER Oregon creamery butter, aoiio pack, sic: prints, extra. EGGS Fresh Oregon ranch, candled, -'c per dozen. ... . CHEESE Twins, triplets and lSjjlSVic per pound, young America, J.c PORK Fancy. 10ttllc per pound. VEAL Fancy, 13gl3tt per pound. Vegetable and Fruits. TROPICAL FRUITS Or'h!S?. 4.75 per box; California grapefruit. J -bannSl 65o per pound; pineapples. 60 per pound ; lemon 3& 5.50 per box. , i per crate: peaches. S0f85c per box; water- melons, i-wfi. . ' i per crate: prunes. 75c per box; pears. W6 per box; grapes, 75c 61.25 per box; apples, SI 2.30 per box. VEGETABLES Beans. S10c; eabbsge $1 50a per hundredweight: corn. JSjfduo dozen: cucumbers, 81 1-25 per sack: egg plant eSc per lb.; garlic 1012o per pound; lettuce. 4O50o per dozen; hothouse lettuce. 81.25S1.75 per box: peppers, 6oo per pound: radishes. 121io per dosen; toma toes, S5&73C per box. SACK VEGETABLES Carrots. 81.50 per sack: turnips. $1; beets, $1.75. POTATOES Oregon. Ittc Pr pound, sweet potatoes. 2Vso per pound. ONIONS California. $1.60 per hundred. Provisions. HAMS 10 to 12 pounds. 19lHc; 12 to 14 pounds, lSfrl9c: 14 to 16 pounds 1SW 194c: 16 to 18 pounds. 1818lic; skinned, lttc; picnics, lUtc: cottage roll. 16Vac SMOKED MEATS Beef tongues. 75c. dried beef sets, none; outside, none; lnsia,es, 23c; knuckles. 21c. LARD Kettle rendered, tierces. 13e; tubs. 14c; standard, tierces. 12e; tuns. 12Vtc: shortening, tierces, 8c: tubs, 9c BACON Fancy, 2Tc; standard, 25c; Choice, 22c; English, 166 18c. DRY SALT CURED Regular short clears, dry salt. 12Hc; smoked. ISttc: backs, light, salt. 13He; smoked. 14ic; backs, heavy salt. 12Hc: smoked. 14c; exports, salt, 14cs smoked. 15Vc Staple Groceries. ' SALMON Columbia Klver. 1-pound tails, $2.25 per dozen: 2-pound talis. $2.95; Im pound flats, $2.40; Alaska pink. 1-pounJ talis. $1.25. COFFEE Boasted. In drums. 23 80c per pound. HONEY Choice. $3.75 per case; strained honey, 10c per pound. SALT Granulated. $15 per ton; half ground. 100s. $S.50 per ton; 50s, $9 per ton. NUTS Walnuts, 17H18c per pound; Brazil nuts. 14916c; Alberts. 16c; almonds, 16018c; pecans, 18c; coccanuts. 90c$l per dozen: chestnuts, 12c per pound; hickory nuts, 810c per pound. BEANS Small white, 4c; large white. 4c; Lima, 7o; pink. 5c; red Mexicans. 654c; bayou, 5c RICE No. 1 Japan, 4c; cheaper grades. $3.5004-55: Southern head. 6 4 7c; im ported Imperial. 5c; Imported extra No. 1. 77 HC. SUGAR Dry granulated, $7.33; fruit and berrv, $7.35; beet, $7.03,- extra C, $6.15; powdered, barrels, $7.40; cubes, barrels, $7.65. DRIED FRUITS Apples. 124134e per pound; apricots, 16c; peaches, 10013c: prunes, Italian, 10 11c; silver, lfce; figs, white and black. 6tt7Hc; currants, 109 11c; raisins. loose Muscatel. 61tJ7V4c; bleached Thompson. ll'c; unbleached Sul tanas, 8i4c; seeded. 8 Vi S 9 H c Hops, Wool and Hides. HOPS 1911 contracts, 35936c; 1909 crop, nominal; olds, nominal. MOHAIR Choice. 363714o per pound. WOOL Eastern Oregon. 916o per pound, according to shrinkage; Valley, 150 17c per pound. PELTS Dry, 10Wc; lambs, 40360c each; shearings, 2540c each. HIDES Salted hides, lOo per ponnd; salted calf. 1617c; salted kip, lOVic: salted stags. 6ftc; green hides, 8c; dry hides. 18c; dry calf. 19620c; dry stags, 120 130. Oils. LINSEED OIL Pure raw, in barrels, 7e; boiled. In barrels, 99ee raw, in cases, $1.02; boiled, in cases, $1.04. TURPENTINE Cases, 76c; wood barrels. 71fec; Iron barrels, 64c; 10 -case lots, 70c GASOLINE Motor gasoline. Iron barrels, 17c; cases. 24c; 88 gasoline. Iron barrels, 81c; cases. 89c COAL OIL Ordinary test, cases, 16c; bulk. In tanks, ttic Stocks at Boston. Allonez 234 Mohawk . Amalgamated .. 66 Hi Nevada . Am Z L. A 6m.. H." , NlDixslntr 88 17 7 23 4 87 86 Ariz. Com 53 North Butte. B & c C & S Mg 4ii Butte Coalition. 15 , Cal A Ariz 49H Cal Hecla 410 Centennial SH Copper Range... 51 East Butte C M. 10 Franklin 6 Glroux Con. 416 Granby Con 2S Greene Cananea. 6 Isle Royallc 12H Kerr Lake 3 Lake Copper. ... 24 LaSalla Copper. 214 Miami Copper... 17 ri North Lake Old Dominion. Osceola ....... Parrott . . 9 .. 65 .. 84 .. 214 ..22 M 8214 .. 4t14 .. UK .-42 . . 5 .. 98 Qulncy ....... .shannon ..... Superior Sup & Boston. Tamarack .... U S Sm Ref A do jtd. . . . . , Utah Con..;. Utah Coo CO. . Winona Wolverine Condition of the Treasury. WASHINGTON. Sept. 12. At the begin ning of business today the condition of the United States Treasury was: Working balance in Treasury offices, $84. 619.823. In banks and Philippine Treasury, $30,- 297.593. The total of the general fund was $140, 820.307. Receipts yesterday were $003,971. Disbursements were $2,179,927. The deficit to date this fiscal year Is $22,179,034. as against a deficit of $11,102. 181 at this time last year. These figures exclude Panama Canal and public debt transactions. Coffee and Sugar. NEW YORK. Sept. 12. Coffee futures closed firm at sin advance of S points on Septembor and of 8?'13 points on later months. Sales 108.500 bags. September, li.3tc; October, 11.05c; November, 11.90c; December, 11.80c; January, 11.75c; Febru ary, 11.80c; March, April, 11.68c; May, 11.69c; June, July and August, 11.68c Spot coffee steady. No. 7 Rio, 184c; Santos -No. 4, 14ic Mild coffee dull. Cor dova, 144 616c nominal. Raw sugar Firm. Muscovado, 89 test. 5.25c; centrifugal. 96 test, 5.7ac; molasses, 89 test, 5c Refined firm. New York Cotton Market. NEW YORK, Sept. 12 Cotton futures closed steady. 1 to 6 points net higher. Sep tember, 11.38c; October. 11.32c; November, 11.84o; December, 11.43c; January, ll.40c; February. 11.44c: March. 11.54c; April, 11.35c; May, 11.62c; June. ll.0o; July. 11.61c Spot closed quiet, 5 points higher, mid-uplands, 11.85c; do gulf, 12.10c No sales. Naval Stores. SAVANNAH. Sept. 18. Turpentine ' firm. $0o; sales 464 barrels; receipts, 900 bar rels; stocks. 34,644 bar re la Rosin firm. Sales, 2180 pounds; receipts, 3857 pounds; shipments, 1180 pounds; stocks, 49.500 pounds. Quote:' B, $6; D, $6.85; E. $3.50; P. O. H. L K. $6.55; M. $6.65:. N. $6.80; WG, $7.10: WW, $7.86. Dried Fruits at New York. NEW YORK. Sept. 12. Evaporated apples firm at $)fc9c for October and November. Prunes quiet, but prices firm on small stocks. Quotations range from 916o for Callfornlaa up to 30-4US and nominal for Oregon a Peaches dull.. Choice, lllH4e; extra choice, 12121c: fancy, 12 He. Chicago Produce Market. CHICAGO, Sept. 12. Butter Steady. Creameries. 21326c: dairies. IS 24c I 2ggs Steady. Receipts, 6614 cases; at snar. cases mciuueu, nwic; iirsis, aoc; prime firsts. 19 Vic Cheese Steady. Daisies. 1318He: twins, 12612c; Young Americas, 13tt18Vc; Ionghorns, l3Kj13ttc Duluth Flax Market. DULUTH, Sept. 12. Flax on track. $2.32; In store. $2.62; to arrive, $2.50; September, $2.50 bid; October. $2.23; November, $2.23; December, $2.19. SMALL SHOT KILLS BEAR Hunter Downs Mighty Brnin at 40 Yards With Bird Gun. PENDLETON, Or.. Sept 12. (Spe cial.) To kill a bear with a shotgun loaded with No. 6 shot was the luck of Elmer Snyder.'of this city, who has Just returned from a hunting; trip near Dale. He was looking for grouse when suddenly he came across the bear at a distance of 40 yards. - Being; armed with a repeating- shot btoti, he began pulling the trigger and did not atop until the bear dropped. N DEMAND IS SLOWER Eastern Apple Buyers Critical as to Grade. BARREL STOCK PLENTIFUL Salesmen Find Difficulty in Trocar lng Orders at This Time for North Pacific Coast Fruit. Buyers Are Waiting. The Northwestern Fruit Exchange yester day issued the following bulletin: . Apples The inquiry for apples lor future delivery Indicates a disposition on the part of the buying trade to be critical as to grades and sizes. The exchange has been offered orders for, a total of 15 .oars, mostly Wlnesaps, Ganos. Black Twigs and Arkan sas Slacks, and some Jonathans, buyers wanting, the range of sizes confined within a very narrow range all 4 and 4 H -tier. Under prevailing conditions. It is difficult to Induce the trade to take the natural run of sixes and grades. This Is always tho case when tho supply of any given commodity Is large. ' The barreled apple sections are bidding hard for business, and Colorado, with her laws crop, is offering inducements to the trade, all of which tends to make the buyers more exacting than ther are when supplies are limited. The exchange is endeavoring to place the above orders with various of Its members, and upon consummation of the deals, details will be announced. Meanwhile, the exchange reproduces extracts from letters received from Its salesmen In various Eastern mar kets, whloh are submitted for the Infor mation of Its members, as reflecting the sentiment of the buying trade in the cities mentioned. ' "St. Louis, Sept. . I certainly regret that I have not been able to book any orders up to the present date. Yesterday I left the office determined to book something or at least get some offers that were In reason, but was Just a little crestfallen on returning to the office. Am keeping In close touch with every branch of the trade, from Jobbers to retail grocers, but find they are all counting on the auction for their supplies this FalL However, my mot to is 'Never Give Up.' and I hope to land some business yet." "Boston, Sept. 8. Tho market is glutted here with apples from Maine, New Hamp shire and Massachusetts and prices very low in comparison with past two seasons at this time. The demand Is very light. Grav ensllnes and Mcintosh are selling as low as $3.z5 to $3.60 And Pippins $2 to $2.60 per barrel. Maiden Blush bring $2.75 to $3. Native Bartletts in bushel boxes range from 75c to $L25 and many arrivals going into storage." "Houston. 6epL 8. Colorado shippers and New Mexico shippers -Quoting as follows: Fancy assorted Fall varieties $1.20 de livered Texas points; choice. 90c; fancy Western Slope Colorado stock, $1.26 de livered; fancy assorted New Mexico va rieties. $1.76 delivered." v "Omaha, Sept. 9. Trade- busy taking con tracts on their barreled stock, which Is costing them less than $2 per barrel, in some Instances, for hand-picked stock f. o. b. cars for such varieties as Ben Davis, Mis souri Pippins, Willow Twigs, N. W. Green ings, Genltons, etc, while fancy Wlnesaps running to good sizes are bringing a little more. Fancy Jonctthans, running to good size they are asking more money for, all the way from $2.60 to $3 per barrel o. b. cara The barrels all standard three bush els. We do not think this section of the country, ever had as perfect apples as this year. Just about the time the coddling moth was hatching this Spring we had a frost which killed them all. so , the apples are all practically free from worms, so much so that some of our largest growers have offered to pay $1 per barrel that can be found with a worm. The result la fruit that is healthy, good color and as near per fect as you could expect, and I have had occasion to examine orchards that have fruit that I consider equal- to any raised In the Western States. Under these condi tions you can see that It is a hard matter to Interest the trade in boxed apples. I have customers who expect to buy certain lines of boxed apples, but they prefer to wait until apples are ready for shipment, as they believe at that time prices will be much lower, and they give very little at tention to any argument I can put up to the contrary at this time." EUROPE BUYS HEAVILY STRONG DEMAND FOR SECTJRI TIES FROM ABROAD. I Prices Slowly Advance in the New Tork Stock Market Bonds Are Firm. " NEW TORK,. Sept. 12. Movement of prices on the Stock Exchange today Indi cated that, for the time being at least. Wall Street was In a cheerful mood. The market developed Its customary Irregularity, and there were no signs that any substantial sup port bad been tendered. But trading began with a higher level of prices, and during most of the session the list ranged some what above the previous close. At the end of the day small fractional gains were gen eral, with a few stocks a full point higher. The advance resulted largely from the covering of short contracts, on the part of persons who believed the market had been oversold. . - One of the most Important factors in de termining the market tone was the demand from abroad. Europe was a source f strength, the recent liqldatlon of shares tffo lng replaced by purchases of about 85,000 sharea Only a small amount of this was for London account, Paris and Berlin taking the larger part. Outside the market leaders there was much Irregularity. International Harvester lost about two points on circulation of a re port of approaching proceedings by tho Fed eral Government against the company. Pa cifio Mall was one of the strongest of the specialties, with an advance of two points. American Tobacco Issues were exceptionally strong. Heavy buying of these Issues was supposed to. be in connection with the ex pected early completion of the plan of re organization. The advance In the 4s and 6 per cent bonds, which later reacted, was the feature of the bond market. Bonds generally wen firm. Total sales, par value, $2,435,000 United States bonds were unchanged on call. CLOSINO STOCK QUOTATIONS. Closing Salea . High. Low. Bid. Allis Chal pf ; 17 Amai Copper . . 1J.100 67 55 68 Am Agrlcult ... KM) 63V, 53S, 6"4 Am Beet Sugar. 6,800 54 K 63 Vi 535 American Can .. 60O lO u 74 Am Car Fdy ; 400 47 H 47! .47V Am Cotton Oil.. 110 52 52 51V, Am Hd & Lt pf , 100 21 21 23 Am Ice Securl- ' 100 18 18 17 Am Linseed 1.0OO 10 9 V4 Am Locomotive. 800 35 34 Vi '34 Am Smel Ref. 12,100 874 B7V4 8 do preferred.-. 200 104 104 K 104 V, Am Steel Fdy 28 Am Sugar Ref.. 400 115V, 115 114 Am Tel A Tel.. 2.000 134 134 134V, Am Tobacco pf. 1.300 05 93 ii4"i Am Woolen 27 V4 Anaconda M Co 8O0 34 83 3 Atchison 6,500 103 101- 102 do preferred. 101 Atl Coast Line-' 100 120" 120 120 Bait A Ohio . . . 1,900 99 95 95 Bethlehem Steel 400 2 29 29 Brook R Tran.. W00 78 73 V 73 Canadian Pac .. 13,400 22.1 221 222 Central Leather. 600 22 22 22 Vi do preferred 95 Central of N J 270 ChesOhlo... 4,300 70 69 70 Chicago & Alton 23 Chi Gt West... 400 17 17 17 do preferred , 37 Chicago at N W 2O0 140 140 139 C Mi St Paul. T.100 112 111 112 C, C, C 4 St L. 62 Col Fuel & Iron 29 Col 4; Southern. 100 45 45 43 Consol Gas 800 132 131 l.".2 Corn Products .. 1,000 13 12 12 Del & Hudson.. 600 161 160 160 D t it Grandei. 400 22 22 21 do preferred.. . 700 - 46 46 4 lsUllers" Securi 200 81 81 ' 81 Erie 4.100 29 29 . 29 do 1st Pf 300 .49 8.49 do 2d Pf .... 200 40 . l 9 40 General Eleo .. 600 150 15' 151 s- t.- ,w e' 9AOA 12. Gt North Ore . . 500 47 45 46 Illinois Central. 10O 185 135 185 Interbor Met . . . 800 14 14, 14 do preferred, .t 600 42 42 42 Inter Harvester. 4.000 105 103 K4 Inter Marine pf...... 14 Int Paper ..... ...... ..... ..... v Int Pump 500 80 80 80 Iowa Central ... 200 19 18 18 K C Southern JT- do preferred.. 100 65 65 $5 Laclede Gas 7X MS Louis A Nash.. 600 140 140 140 Minn 4 St L 38 M. S P S S M 800 130 129 130 Mo. Kan A Tex. 600 29 29 29 do preferred. . Mo Pacific 4,500 86 35 Sn National Biscuit 800 128 126 129 National Lead .. 400 49 48 48 Mex N Ry 2 pf 28 NY Central... 8,000 102 101 102 N T, Ont & Weo 38 Norfolk West 800 101 101 . 101 North Am 7 Northern Pao .. 11.000 114 113 113 Pacific Mall .... 2.400 80 29 80 Pennsylvania ... 18,200 120 119 119 People's Gas ... 800 104 103 102 P. C C A at L. 1 Pittsburg Coal 18 Pressed S Car.. 200 29 29 29 Pull Pal Car 154 Ry Steel Spring. . . . . - 24 Reading ...110,200 139 138 139 Republio Steel .. 600 24 24 24 do preferred. , Rock Island Co. 200' 24 23 24 do preferred.. 200 47 47 47 St L A 8 F 2 pf 100 89 39 40 St L Southwest - ol do preferred.. 200 68 68 68 Sloss Sheffield 86 Southern Pao .. 8.900 108 106 107 Southern Ry ... 1.O0O 26 28 26 do preferred.., 800 66 .66 65 Tenn Copper ..... 82 Texas A Pac .." 200 23 28 .'23 Tol. St L. Wes 100 17 : 17 17 do preferred., 500 41 40 42 Union Paciflo .. 96,800 16a 161 102 do preferred.. 100 89 80 89 U S Realty . . . 66 U S Rubber ... 100 37 87 87 U S Steel 101.900 68 67 68 do preferred.. 1.0OO 114 114 114 Utah Copper ... 2,900 43 . 42 42 Va-Caro Chem . 200 62 61 62 Wabash 1.000 13 13 18 do preferred.. 800 27 27 27 Western Md 500 64 53 64 Westing Eleo .. 600. 64 63 63 Western Union.. 100 74 74 74 Wheel L E.. 1O0 2 2 2 Lehigh Valley .. 84.600 154 151 153 Total sales for the day. 503,200 sharea BONDS. NEW TORK, Sept. 12. Closing quotations; U S-ref 2s reg. . .100 X T C G 3. .s. . 88 do coupon.... 100 North paciflo 3s. 69B U S 8s reg 101 North Paciflo 4s. 99 do coupon. ...101 Union Pacific 4s. 100 U S new 4s reg. .113 Wisconsin Cent... 938 do coupon. .. .113 Japanese .4s.... 87 D A R G 4s 90 Money, Exchange, Ete. -NEW YORK, Sept' 12. Money on caft steady. 22 per cent; ruling rate, 2; closing bid. 2; offered, 2. Time loans steady; 60 days, 88 per cent: 90 days, 83; six months, 84; prime mercantile paper, 4. Sterling exchange steady. with actual business in bankers' bills at $4.8350 for 60-day bills and at $4-8615 tor demand. Commercial bills. $4.82. Bar silver. 52 Vic Mexican dollars. 45c Government bonds steady; railroads firm. LONDON, Sept. 12. Bar silver quiet, 24d per ounce; money, 11 per cent. The rate of discount In the open market for short bills is 8 per cent; the rate of discount, in the open market for three-months bills is 3 per cent. SAN FRANCISCO, Sept. 12. Sterling on London, 60 days, $4.83; sterling on London, sight, $4.86 ; drafts, sight, 2c; telegraph, 6c CHICAGO, Sept. 12. Exchange on New York, 20 per cent premium. SUPPLY NOT EXCESSIVE WORLD'S STOCK OF WHEAT LESS THAN EXPECTED. Prices Steadily Advance in the Chi cago Pit Early Selling- Is Overdue. ' CHICAGO. Sept. 12. Surprise at the scantiness of the Increase in the world's available . supply of wheat helped turn the market for that cereal today from heavi ness to strength. According to figures made public only 1,208.000 bushels were added to the world's supply of wheat dur ing the last week, although the grain at the corresponding time a year a?o was 9.811,000 bushels. Instead of being, as heretofore this season, greatly In excess of the totals for 12 months back, the world's stock is now but little more. It was also apparent that selling early had been overdone. Weak cables and heavy Northwestern receipts were the chief de pressing Influence at the outset. Unload ing of holdings by local leaders was on a decidedly liberal scale for a while, one operator selling out nearly one million bushels. December fluctuated between 95c and 96c, closing firm, c up at 96e96c. Corn was well supported. Decembei ranged from 63 c to 64 Vic and closed Arm, o net higher at 64c. Cash grade were dull. ' No. 2 yellow was quoted at 66e67c. A fair cash demand rallied oats before the advance in wheat and corn was fully developed. High and low levels toched by the December option were 4646o and 45c, with the closing at the top figures named, a rise of o over last night. The provision market was under pressure from longs. When the last gong sounded pork showed 2c to 20c fall and there was 2 Vic to 7c cut In the cost of other kinds of producta The leading futures ranged as follows; v WHEAT. Open. High. Low. Close. Sept $ .82 $ .92 $ .91 ,$ .92 Dec -96 .96 .96 .96 May 1.02 1.02 1.01 1.02 CORN. Sept .66 , .66 .66 .66 Deo. 64 .64 .63 .64 May 66 .66 .66 .66 OAT3. Sept 48 .4S .4$ .43 Dec. 46 .46 .46 .46 May 48 .48 .48 .48 MESS PORK. Jan. 16.03 15.90 16.0O LARD. Sept 82 9. $5 .$$ .S Oct....... 9.40 .9.40. 9.85 9.40 Jan. 8.27 8.30 9.22 .30 SHORT RIBS. Sent -8l 8.80 8.70 8.78 Oct. 8-80 8 82 8.27 . 8.80 Jan. 8.82 8.35 - 8.80 8.32 Cash quotations were as follows: Flour Steady. Rye No. 2. 86c Barley Feed or mixing, 70S5c; fair to choice malting, $1.12L20. Timothy seed $12.50 ffl 14.60. Clover $13(519. Pork Mess, per barrel. $15.25915.37. Lard Per 100 pounds, $9.35. Short ribs Bides (loose). $8.37 8.87. Sides Short, clear (boxed), $99.12. Grain statistics: Total clearances of wheat and flour were equal to 430,000 bushela Primary receipts were 1. 843.000 bushela compared with 988, 000 bushels the corresponding day a year ago. The world's visible supply, as shown by Bradstreet's. decreased 1,982,000 bushela Estimated receipts for tomorrow: Wheat, 161 cars; corn, 409 cars; oats, 218 cars; hogs, 22,000 head. V Receipta Shipments. Flour, barrel 24.500 20.000 Wheat, bushels 226.600 85.200 Corn, bushels 608.700 1.107.000 Oats, bushels 415.800 168,800 Rye. bushels 26.000 2,000 Barley, bushels 133.000 61,000 Grain svt San Francisco. SAN FRANCISCO. Sept. 12. Wheat Steady. r Barley Firm. Spot quotations: Wheat Shipping, $1.40 Ba?iey Feed, $L67L60; Brewing, lHRrfVVwOl.T0! whits, $L5T; blCaU Voir"? 'safes: Wheat No trading. Barley Deoember, 63 c; May, 71c bid; $L71 asked. European Grain Markets. LONDON, Sept. 12. Cargoes quiet hut steady Walla Walla for shipment at 37a English and French oountry markets firm, LIVERPOOL, Sept. 12. Close: Wheat October, 7s 3d; December, 7s 6d; March, 7s 6d. , Weather cloudy. Minneapolis Wheat Market. MINNEAPOLIS, Sept 12. Wheat Sep tember. $1.01; December. $1.03; May, $107- No. 1 hard. $1.06; No. 1 North ern, $1.03 ffl 1.04; No. 2 Northern, 09c $1.02; No. 3 wheat, 92c$1.00. Wool at St. Tuls. ST. LOUIS, Sept. 12. Wool Strong. Me dium grades, combing and clothing, 19i J9c; light fine, 1720o; heavy finer 14 15c; tub washed, 26 310. YARD TRADE GOOD Active Demand for All Classes 'of Livestock. GOOD QUALITY 'IS FIRM Choice Steer Brins $5.65 and Best ( Cows $4.80 Top Hogs Hold at $8.50 lively Trading in Sheep and Lambs. There was a liberal supply of livestock on the market yesterday, a good general de mand, and firm prices were realised for the best offerlnga Sheep receipts were not as large as recently, but there was a good run In other lines. The total arrivals were 1702 head. Eighteen loads of Montana cattle came In too late to be disposed of during the day. Choice steers touched the top of the mar ket, $5.65 and from this price sold down to $4.10 for lower grades. The bulk of sales were at $5 to $5.35. Cows ranged In price from $3.25 to $45. a small load of nine head bringing the top figure. Heifers brought $4 to $4.50, and calves $5.75 to $7.60. The hog market was firm at $8.50 for choice lights with heavy weights bringing $7.2S to $7.60. An active business wss done In the mut ton division. Wethers sold from $3 to $3.40, and ewes from $2.26 to $2.80. Lambs brought $3.75 and $4.25. A bunch of 227 Jefferson goats changed hands at $2.60. Receipts yesterday were 745 cattle. 62 calves, 248 sheep, 898 hogs and 249 goat Shippers were clayton-Murnan A Fitch, of Hillsdale, Mont., 18 cars of cattle; E. H. Hewlett, Baker, 6 cars of cattle; W. L Dish man. Enterprise, 1 cat; of sheep; C. C Clark, Condon, 2 cars of cattle and calves; A. Stroud, Condon, 1 car of cattle; H. F. NeaU Condoh; 1 car of cattle; F. B. Llbby, Jef ferson. 2 cars of cattle; James Owenby, Grldley. CaL. 2 cars of hogs; H. B. Thurman, Willows, CaL, 1 car of hogs; G. S. Brown. Corvallls. 1 car of cattle and calves, and W. T. Reed. Gardner, S3 hoga The day's sales were as follows: Weight. Price. 1 cow "20 $4jT5 4 heifers 15 heifers JteV" v.v.v.v.v.v.::::::::: 5:25 1 steer J 9 cows T 4.85 20 calves 7 6.25 13 Bteers J7 4.75 ' 2 steers 1 steer 14 steer f4 4.10 16 calve "a 7.50 20 calve. ,. S06 6.75 93 steers "fa .6o 10 steers 5'! 67 cows - "Of 227 goats "J 2.50 .;;;::::::.r.:::::::::::: 90-::::::::::::::::::::::: g Kf 14 hogs fi I t?. 87 hogs 1'3 00 S3 hogs 18 7.2o 67 hogs -',??! rSS 43 steers 111 J 0, 1 steer 11? 82 steers 'n1HI rS? 60 steers "JJSl 'k0 11 steers .114 O.W b .tees ::::: s-js 1 jiteer .1040 5.00 10 cowl ::....... - 103 -89 2 HZl ::::::. i o cows S4 4.70 1 cow 1020 3.25 1 cow .:.. 1W0 3.25 4 heifer.- " l'"" 2 heifers ' 4.60 1 Km, . ................... 20 O. IO 1 star ".::: ISOO S-OO 1 bull . l40 325 i bull :.. 1S40 3.50 i bui! :: - -'I'?0 g-gg 1 bull , -S'O 30 15 i-:::::::::::::::;:::: tZtl :::::::::;::::::::::::: II i& 81 wethers go 3.00 157 wethers fS 3.40 193 yearling wethers 81 3 55 178 yearling wethers 7o 8.00 98 lambs 5 -'5 37 lambs 67 8.T5 170 lambs - ; .B -iS Prices current at the Portland Union Stockyards for the various classes of stock were:N ' C attic- Choice steers J'S2S5'xS Good to choice steers 6 ?5' S ? Fair to good steers. .. 5.00(9 5.25 Medium steers i'I? f'Ux Poor steers f I?l f 52 Choice cows i ?Sf f ?2 Fair to good cows 8.85 4.10 Common goods ?-5? ?'5 Ex. choice spaved heifers 4.76 4.0O Choice heifers 4.60 4.75 Choice bulls 8-00 3.25 Good to choice bulls J.760 3.00 Common bulls 2.00 2.50 Choice calves, 200. pounds and under 7.25 7.50 Good to choice calves f-RS Common calves 4.00 B.oo Choice stags 4.50 4.7 Good to ohoice stags 4.25 4.50 Hogs Cholco -Hirht hogs SS? S'9 Good to choice hogs '?3 Fair to good hogs !'3M 2 S2 Common hogs 7.000 7.25 Sheep Choice yearling wethers, coarse WOol 8.35 8.83 Choice yearling wethers, east of .. mountains 8.85 3.65 Choice twos and threes 8.00 S.25 Choice mountain lambs. ... 4.50 4.65 Good to choice lambs -52 Culls 2.50 8.00 The following quotations represent prices on this market for the different classes of horses: Drafters, extra heavy, $300 500; drafters, 1100 to 1700 pounds, $150 250; drafters, 1200 to 1400 pounds, $100 250; chunka S0150; pluga $1040; driving horses, $75 and up;, saddle horses, $60 and up. " Chicago Livestock Market. CHICAGO, Sept. 13. Cattle Receipts, es timated. 6000; market, weak. Beeves, $5 8.10; Texas steers, $4.40S6.40; Western steers, $47; stockers and feeders, $85.50; cows and heifers, $2.2536-30; calves, $8.25 9.25. Hogs Receipts, estimated, 11,000; market, weak. Light, $6.90 7.60; mixed, $6.85 7.50; heavv, $6.507.40: rough, $6.6506.90; ?ood to ohoice heavy, $6.9O7.40; pigs, $4 .10; bulk of sales, $6.85 7.25. Sheep Receipts, estimated 35,000: market. "In my opinion Bitnlithie is the best for automobiles. It has enongh elasticity with smoothness, and is also . rough enough to Safe on Prevent skidding, i BituliAicJ always feel per-J?-- fectly safe in run ning on wet Bitulithio pave ment, which is ndt the case of asphalt' ' -S. F. Steere, Postmaster, Shreveport, La. THE BARBER ASPHALT PAVING COMPANY Constructs Asphalt and other Bltw ilnous Pavements). 405-608 Sieetria feidsT. Portland. Or. v Oskac. liu.be. alsiisgtr. SECURITY is the first consideration in choosing your savings bank. GOVERNMENT SUPERVISION offers protection of funds deposited in the w l.umbermens National Bank , Its million of capital and four and a half millions of good assets give further assurance of safety. 4 Per Cent on Savings THE UNITED STATES NATIONAL BANK PORTLAND, UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus a Profits $900,000.00 OFFICERS: J. C AIITSTVORTH. President. R. LEA BARAKS, A. M. WRIGHT Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES First National Bank Capital $1,500,000 . Surplus 750,000 Oldest National Bank West of the 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 wesk to 100 lower. Nstiv Jgf!'K: Western. 2.408.86: yaJ-nfJ'15J4 ' lambs, a.TS5.0: Western, J4.155.65. Hops t New Tork. NEW TORK. Sept. 12. Hops Firm. St common to choice. 1910. 29S2c: Ps rlflr Coast. 1911. 4n4fie: 1P10, nominal. TBAVEXEKS' GUIDE. LONDON PARIS HAMBURG rtvmr Bert 19. 2 PM.ItKsis'nAug.VicSep. 4S cinnnaU.Sepl M 'Pre Lincoln. .Oct. 3 tKits-Csrlton a U. CarteBestauranc. Will call at PLYMOUTH and CHER O&AB, ALGIERS, NAFIJCtL GENOA. s. s. moltkb 'ivvrr if IS. 8 CLEVELAND (World Cruise) Oct. 21 twill NOT call at Algiers. Jwill nave accommodation, , for i,mh. of nassengers to ITALY, via JiA . -r a mA ftTRRALTAH. AROUND . f K TTT SVQ Duration 110 Days COST $650 AND UP Including; All Necessary Expenses Aboard AVTV, - " By the steamship "CLEVELAND" (17.000 tons) mj first to leave THE WflRI D Wl YTesecond II UULlU t leave San fran- clsco FCD. O. 1W1 Annual event trips in Oct.. 1012 and Feb. 1918. by large Cruising S S Vic toria Luise, 16,500 ON AN OCEAN LINER A nil ore 160 Powell St., San Francisco. Cal., or Northern Pacific. 3. O. McMullin. agent; O. W R. A N., Burlington, Chicago, Milwaukee i'puget Sound Ry. and other R. R. oftlces. in Portland. OPEN RIVER TRANSPORTATION CO. Freight received dally at Oak-st. dock for The Dalles. Hood River. White Salmon. Umatilla. Kennewlck. Pasco. Richland. Hanford. White Bluffs, and Intorm.rt in!. nOlnU, FIRST-CLASS PASSENGER- SERVICE. FARE SO CENTS TO HOOD RIVER. WHITE SALMON, THB V DALLES. Steamer leaves Portland Sun., Tuea, Thurs., 7 A. M. Returning leaves The Dalles Moiu. Wed.. Frl.. 7 A. M., arriving at Port land about t P. M. same day. W. . Buchanan. Bupt.; W. & Smaliwood. Oss t Mgr. Phone Main S9. 862T. Steamer Anvil sails from AJbers Dock No. 3, Thursday, September' 14. 7 P. for Tillamook, Bay City, Newport, Florence, Bauuon and CoquiUe River points. Ticket office 128 Third st. Phone Main 628, A 4596. Dock phone A 1902. Main 151. Freight and passengers. Dill WW Corner Fifth and Stark OREGON R. W. SCHMEER, CasbJer. Vice-President. W. A. HOLT, Assistant Cashier, TRAVELERS' GCIDK. STEAMSHIP RESERVATIONS AND TICKETS DOPiSEY B. SMITH. MANAGER General Steamship Agents ALL LINES 09 Fifth Street l-ortland. On Phones Marshall 1979. A 1293. HONOLULU $110 FIRST-CLASS ROUND TRIP. The most delightful spot 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 tne round trip in lo days, and one can visit on a side trip the living vol cano of Kllauea, which Is tremendously ac tive, end see for himself the process of world creation. No other trip compares with this for the marvelous and wonderful in nature. Visit the Islands now, while you can do It so easily and quickly and while the volcano Is active. Prompt attention to telegrams for berths. Sailings: Sept. 23. Oct; 24, Nov. 4. Nov. 5, etc Book now. OCEANIC 8. S. CO., 678 Market Street, San Francisco. NEW YORK-PORTLAND REGULAR FREIGHT SERVICE. Low Rates. Schedule Time. AMERICAN - HAWAIIAN S. S. CO. 215 Railway Exchangs Bids Portland, Or. Main 8378. A 8023 COOS BAY LINE STEAMER BREAKWATER. Bails from Alnsworta Dock, Portland, t A. Ji.. Aug. 4. 9, 14, 19. 24. 29, Sept. 8. . 18, 18. 23, 28 and every ( days. Freight re ceived at Alnsworta Dock dally up to 8 T. M. Passenger fare, flrst-class, $10; seoono class. 87, Including meals and berth. Ticket office Alnsworth Dock. Phones Main 2dS, Main 170. A 1334. San Francisco, Los Angeles and San Pedro Direct. North Paciflo S. B. Co,'s 6. S. Roanoks anrt 8. a Elder sail every Wednesday alter nately at P. M. Tltcket office 182 Third St.. near Alder. . MARTIN J. HIGI.ET, Passenger Agsatt. IV. E. SLlftSER, Freight Agent. Phones &l. 1314. A 1814. THE BIG 3 BEAR BEAVER ROSE CITY EXPRESS STEAMERS FOR San Francisco and Log Angeles w;thct change. S. 8. BEAR Sails SAM. September 18V BAN IKANClSt'O A PORTLAND bS. CO. Ticket Office. 142 Third St. Phones Main 408 and A 1498, KAveqorEAU i