21
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