19
THE MORNING OREGONIAN. WEDNESDAY. AUGUST 7, 1912.
HIDES STRONG EAST
Markets on Coast Have Not
Yet Responded.
SALES NOT EASY TO MAKE
Packer Stock Has Been Freely
Bought Up by Farmers In the
Eastern States at Generally
Advancing Prices.
The Coast hide markets have not re
sponded yet to the recent bulge In the East.
Dealers here have been trying to get prices
up. but tjhey have been unable so far to
make sales on the basis of Eastern prices.
Therefore, they" take the view that the
flurry In the East Is only temporary and
that there will be a reaction there. The
present condition is unusual, as the Coast
markets, until recently, have been firmer
than the markets in the East.
Although the market locally Is Veak and
sales are difficult, dealers continue to buy.
Offerings are on a larger scale, as country
butchers are killing more, as they always
do during harvest.
The strength of the Eastern market Is
attributed to the close clean-up of packer
stock. The packers have been forcing their
hides on tanners as -fast as taken off. The
advance there will depend on how high the
tanners can force up the price of leather.
I'nles they ran maintain a high leather
market, they will have to cut down their
hide purchases.
Mail advices received from Chicago say
of conditions In the hide market:
"Trading of late in the hide market has
been more active th'an at any previous time
in several years. As previously stated, the
sales of Chicago and other western packer
hides were large last week, but later de
velopments showed that the actual busi
ness had been underestimated and the total
footed up to close to "OO.OOO packer hides,
which, with over lOO.OOO moved the week
previous, made total transactions for a fort
night of over .100,000 hides. Advanced prices
were paid and the operations of the tanners
In buying resembled somewhat of a scramble
to secure supplies.
"Some further business has also developed
this week, but It is not expected that sales
will be as large as heretofore, aa many buy
ers are now fairly well supplied and the
Parkers have little to offer, unless It be
August bides ahead. One sale this week
of sn.ooo native bulls was made by one
packer of salting from last January up to
next January at prices ranging from 124
cents to 13 cents for previous to June take
off and from 14 i cents to 14 cents for
June forward salting. These prices repre
sent an advance of one-half cent over sim
ilar sales last week. Some July light na
tive cows have also been sold up to 17
cents, the highest price ever known to
have been obtained for this selection. Coun
try hides are also stronger, with sales of
buffs in Chicago running 60 per cent, short
haired at 14 cents and some previously re
ported sales of all short-haired up to 14
cents.
"The strength and activity In packer hides
have caused a firmer feeling In all of the
markets of the world and higher prices are
being asked In Europe and South America.
Latin -American dry hides are unchanged,
however. In the New York market, but
there are only limited quantities of these
being received at present.
TRADE LX WHEAT OF GOOD VOLUME
I Tier Are I'nrhanged, but Undertone of
.Market Is Weak.
A fair volume of buying was reported
from the interior markets yeaterday. The
, undertone of the market waa easy, but
there was no change In prices. Oats and
barley were steady and unchanged.
Local receipts. In cars, were reported by
the Merchants' Exchange aa follows:
Wheat Barley Flour Oats Hay
Monday :t! 6 1.1 .. 10
Tuesday . . .
n r. . . 4
Season to date. ..t'.S 37 22S 1J5
Year ago 2,;o 17 JUO 57 137
Foreign crop conditions are summarized
by the Liverpool Corn Trade News as fol
lows: United Kingdom. Owing to the continued
wet weather the wheat plant Is thin and
the yield may turn out to be a poor one.
The weather is weu
France. There are some reports esti
mating -the wheat crop fully equal to that
of last year, while other authorities state
that it will be smaller. Latest returns
s'ute that the yields are showing up poor,
with much damp wheat. The movement
is slow.
(iermany. There have been rains In some
parts and In other parts hut and drouthy.
end there are fears of the wheat shriveling.
The fodder crop has been damaged. The
outlook for the rye crop is good.
Hungary. According to an official report
the wheat crop will be 7.200.000 bushels less
than last year. The outlook for the corn
crop is good.
Koumania. The threshing of wheat is In
full swing and complaints regarding the
vield are fewer. Arrivals have increased.
According to some authorities the corn out
look has improved.
Russia. In the south the threshing of
wheat is being carried out under favorable
weather conditions. In the center the crop
outlook is generally satisfactory. In the
east the outlook is variable The officials
are optimistic regarding the crops, while,
ecrording to our reports, there will only be
about an average crop. Arrivals are In
creasing at the Port of Odessa.
Italy. Owing to the scarcity of supplies
native wheat is very poor and there ia an
active demand for foreign wheat.
Australia. The crop outlook continues fa
vorable. NO HEALING IN OREGON" HOP TRADE
California Holders Offering Spots at Re
duced Price.
No transactions in the Oregon hop mar
ket were reported yesterday. According to
a California wire spots were offered In that
state at reduced prices.
The following cable was received from
London :
"The weather Is cold and not favorable.
There Is no prospect for a bumper crop.
Prospects are for 10 cwt, to acre as max
imum yield."
The present condition of the New York
crop Is reported as rollowa by F. M.
Blodgett, of the New York Elata College of
Agriculture:
"The prospect for this year's crop seems
good at present. The dry weather early In
the season held back the growth of vines
to some extent, but since the recent show
ers the yards are looking better. The 'hop
borer has been quite plentiful this year,
and many yarda have been weakened by lta
attack. It seems to be one of the most
serious pests of the hopgrowers here at
present. The mold does not appear to be
spreading much except in a few exceptional
cases. Traces have been found In nearly
all yards, but sulphur has been applied so
repeatedly that It has spread little so far.
I'nless unusual weather prevails no such
general loss Is to be expected from mold,
either about Waterville or Mllford and Port
landvtlle. as occurred last year. The ver
min have decreased so that they do not
appear In any way alarming except in a
few cases of small acreage. Some growers
are still prepared to spray If there appears
to be any Increase In their numbers."
STRAIGHT CAR GRAVEN STEIN APPLES
First Large Shipment Offered at $1.75 a
Box Peach Market Firm,
Fruit trade was of good volume yesterday
and prices were generally firm."
Among the arrivals was the first straight
car of California Gravensteins. which were
put on sale at f 1.75 a box. A fine car of
mixed fruit' was also unloaded, containing
plums, prunes and pears. The plums and
prunes sold at $1 and the pears at J 1.50 a
box.
The peach market was In good shape for
good stock. Elbertaa sold at S0&S5O and,
Crawfords at 70 73c a box. L-fcal peaches
ranged from 40 & 60c
The cantaloupe market was well supplied,
but was steady at S2.2382.30 for the best-
Melons were firm. In response to the higher
market In California and the lightness of
stocks here.
Vegetables generally were in good sup
ply except, ripe tomatoes.
TmI T. Bmwm and High.
It has been a long time since supplies of
i ... mn .matt on Front street aa at
the present time. Fancy dressed calves
sold yesterday at 15 and 15 M cents. Other
meats were also firm.
There was a moderate supply of poultry
on hand, for which there was a fair de
mand at unchanged prices. - The egg trade
Butter and cheese moved well at former
quotations.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland 2,014.uu4 24ti.2
5,i,,r- 2.493.677 31S.243
Taroma. ... 64o,t59 24.4SU
Spokane 48.615 ,42
PORTLAND MARKETS.
Grain, Flour. Feed, Sto.
WHEAT Track prices, new: Club, T7c;
bluestem, 80c; ola wheat. nominal.
FLOUR Patents, J5.10 per barrel;
straights. $4.70; exports, $4.20; Valley. 15.10.
BARLEY New. brewing, 24; feed, $24
per ton.
MILLSTUFF8 Bran. $25 60 per ton;
shorts. $28.00; .middlings. $32.
BAY Timothy, $14(15; alfalfa. $1191$;
clover, $10; oats and vetch. $12; grain hay.
ft.
CORN Whole. $39: cracked. $40 per ton.
OATS New. 2526 per ton.
Vegetables and Fruits..
FRESH FRUIT Cherries. S7c per
pound, apples, old. $1'.503 per box; new,
70c4f$1.7." per box; peaches, 40gS3c per
box; plums. SOcfrJl per box; pears, $1.50 per
box; apricots, 7i90o per box; Tapes, $L75
4$2.2o per crate; blackberries. $1&1.25 per
crate.
TROPICAL FRUITS Oranges, Valencia.
$3.5094; California grapefruit, 94.50;
lemons, $5 06.50 per box; pineapples. c per
pound.
MELONS Cantaloupes. $2.252.50 per
cTate; watermelons, 1Mc(I2$1 per hundred.
ONIONS Walla Walla. 75c per sack.
POTATOES Jobbing prices: Burbanka.
new, 60 75c per hundred.
VEGETABLES Artlihokes. eHT5e per
dozen; beans. 2c; cabbsge, 1614 per
pound; cauliflower. $191-25 per doien: cel
ery. 85c$l per dozen; corn. 15825c per
dozen: cucumbers, 60c per box; eggplant.
109124c per pound; head lettuce, 203 25c
per dozen; peas, 89c per pound; peppers.
8 A 10c per pound: radishes. 1520o per
dozen; rhubarb. 2hkc per pound; spinach.
i(So per pound: tomatoes, 0cSU60 per
SACK VEGETABLES Carrots. $1.60 per
sack: turnips, $L23 per sack; beets, $1.60
per sack.
Dairy and Country Produce.
EGGS Case count. Sic; candled. S5o; ex
tras, 27c per dozen.
BUTTER Oregon creamery butter, enbea
31e per pound; prints, 32V,c per pound.
CHPSSE Triplets and daisies, l?c per
pound, young Americas, 18Vc per pound.
PORK Fancy, lOHtlllo per pound.
VEAL Fancy l4H'ir15Lic per pound.
POULTRY Hens, 13"?13c; broilers. 1454
(il.lc; ducks, young, 12c; geese, 10llc;
turkeys, five, 18 020c; dressed, 21 & 23c.
Provisions.
HAMS All sixes. 18 17 c: skinned.
l'Ail7c: picnics. 12c: boiled, IflVsc
BACON Fancy. 26 27c; choice, 20g21a
DRY SALT MEATS Backs, dry salt, 11
912ric; backs, smoked, 13014c; bellies, dry
salt, 134c: bellies, smoked. 15c
LARD Tierce basis, choice, lSc; com
pound. 9 He; leaf, three-pound palla, $S.su
per case.
MISCELLANEOUS Pigs" feet, kits, $1.83;
sliced beet. Insldes, $28 per case; lried beef,
Insides. 25c per pound; bologna, canvas
back. 10Hc; minced ham. 12c.
WOOL PRICES ADVANCE
TRADIXfi NOT SO ACTIVE, DUE
TO POLITICAIi CONDITIONS.
Movement in New Montana and
Texas Clips Fleece Wools
Changing Hands Freely.
BOSTON. Aug. 8. Trading In domestic
wool has fallen slightly, due, the handlers
say, to political conditions at Washington.
Values still show an upward tendency. A
go.Kl movement Is reported In fleece wools,
with Ohio washed selling at 34 to 35 cents.
Sales of territory stock have been fair, al
though new Montana wools are in demand,
fine staple being quoted at 25 cents. The
popularity of Texas products continues, with
12 months' selling at 20&2 cents in the
grease. California wools are dull.
Texas fine. B to 8 months, 5:1 tf 55c; fine 12
months, t0i62c; fine Fall, 454c "
California northern, ,Mi52c; middle coun
ty, 48j5oc; southern, 47 4i4.Sc; Fall free, 45
tg47c.
Oregon Eastern No. 1 staple, 62fi63c;
eastern clothing. 55 r 57c; Valley No. 1,
50 ! 52c
Territory fine staple. 64J!6c; fine me
dium staple, H2s76"c; fine clothing, 68
60c; fine medium clothing, ill to 57c; half
blood combing. Oo0li2c: three-eighths blood
combing. 38&itc; quarter-blood combing.
54 $ .5c.
Pulled fine A, 6S?S7e; A supers, 62833c
SAN FRANCISCO PRODUCE MARKET
Prices Quoted at the Bay City for Vege
tables. Fruits. Etc.
SAN FRANCISCO. Aug. . The follow
ing produce prices were current here today:
Fruit Apples, choice. 65c; common, 40c:
Mexican limes. $695.50; California lemons,
choice, $0; common, $2; pineapples. $1,600
2.50.
Cheese Young America, 15 Vi 6 16c
Butter Fancy creamery, ill be.
Eggs Store, 28c; fancy ranch, 26 He
Vegetables Cucumbers. 1535c; garlic,
zVj&SHc; green peas, $1.502.25; string
beans, 50c; tomatoes. 40&0(Jc; eggplant, 40 g-.
85c: onions, 6Otl70c.
Potatoes River Burbanks, nominal; Ore
gon Burbanks. nominal; Early Rose, nom
inal; sweets. 2"4c
Hay Wheat. $12W18; wheat and oata.
$121S.50; alfalfa, $11 13.60.
Receipts Flour. 2S0O quarter sacks;
wheat, 1030 centals; barley, 74l5 centals;
oats 2180 centals; potatoes. S1U3 sacks;
middlings, So sacks; hay. 610 tons; wool,
201 bales.
Metal Markets.
NEW YORK. Aug. 6. Copper dull. Stand
ard spot and August, 17& 17.50; September
and October. 17.206 17.ooc; electrolytic
17.75c: lake, 17.isc; canting, ii.i;iii..
Tin 'snot. 45.206 4J.S7 VjC : August, 45.1VO
45.37 He; September, 44-W-g 45.25c
Lead Quiet.
Spelter Steady. 8.905 Jr..
Antimony Quiet. Cookson's. 8.6008.65c.
Iron Steady, unchanged. .
Copper exports this month, 8606 . tons.
London copper steady. Spot, 78 10s; fu
tures, 78 15s. London tin steady. Spot,
r .A. in, futures ::o2 fis. Local sales. 25
tons. London lead, 1 6a London spelter.
2 5s. Iron, Cleveland warrants, ova in
London.
Naval Stores.
tia.. Aug. . Turpentine
firm. 42 Vic; sales. 54$ barrels: receipts. 1100
barrels; shipments, .v.v-n.n,
35.200 barrels. -
nr.. in firm- anies 2900 pounds: receipts.
3500 pounds: shipments. 1400 pounds; stocks,
11S. $00 pounds. Quote: B, $S.40; D, 16. 4o;
E. $n.30.5: F. $6.60tt.io: u.
$.70: H. $6.7v0.O; L $b.80.0; K, $6.90
,7: M 17.10ttl.15: SC. $7.1007.20; WO,
$7.35 J 7.40; WW, $7.60.
New York Cotton Market.
NEW Aug. o j .I ,o
quiet. Middling uplands. 12.75c; do, gulf, 18c
sales, luo Dates, rutum viiwru " 1 m
33 points lower. August, 12:01c- September,
12.07c: October, 12.20c: November. 12.22c;
. ... ) O . Idniioir 1 ' 1 1 !W- t tl rll -
ary. 12.26c; March, 12.80c: May, 12.38c
vrw -ORLEANS. Aug. - Spot cotton.
middling, 12c
Chicago Produce Slarket.
nwtrt A rr 4 .. v nutter Stead V.
Creameries. '2325: dairies. 21024c
Eggs Steady. Receipts, 15.117 cases; at
mark, cases Included. 15H18c; ordinary
firsts, 16c; firsts. 18c
cneese tsieaay. I'stani, ivivivi
twins, 144 915c; Young Americas, 15i4 to
15Vc; long horns. 15Vtei5Vc
European Grain Markets.
LIVERPOOL. Aug. 6. Close: Wheat. .Oc
tober, 7s 4fed; December. 7s SVsd. Weather,
rain. " .
English country markets firm; French
country markets firm.
N Wool at St. Louis.
ST. LOCIS. Aug. ft Wool, steady. Terri
tory and Western mediums, 204f21c; tine
mediums, 18g20c; tine. 13t17c
Hops at New York.
XJCW Ttncu- Aug. . Hops
TONE IS IRREGULAR
Early Gains in Stock Market
Are Not Maintained.
WEAKNESS AT THE CLOSE
St. Paul Noticeable for Its Heaviness
as "a Result of the Publication of
Poor June Earnings Steel
Is Also Under Press-are. "
NEW YORK. Aug. . The course of to
day's stock market was attended by con
siderable Irregularity and dullness after the
first hour. Opening prices showed many
small gains and losses, the former pre
dominating, but before noon the tone be
came reactionary with heaviness most
marked in St, Paul, on publication of poor
June earnings and pressure against Steel.
In the early afternoon some support was
offered to standard shares, which resulted
in short- covering and a return of the gen
eral level to about last night's close. This
was again offset In the final dealings by
heaviness in Union Pacific. Canadian Pa
cific and the sugar Issues, which sent prices
back to the low level and resulted in a
rather heavy close.
Throughout the session various special
ties were more or less prominent for thelr
confused movements.
On the other hand, American Tobacco,
American Agricultural Chemical and Texas
Company were inclined to ease off. Cop
pers were heavy In expectation that the
July report of the Producers Association
might show an increase of supplies.
In addition to the St, Paul statement for
June, which exhibited a net decrease of
$447,000. making the year's total net loss
$2,022,000, a few other Important railway
systems submitted June returns, that of the
Rock Island showing a net gain of $393,00 1
Bonds were irregular with some heavi
ness In 4 per cent issues. Total sales, par
value. amounted to $2,228,000. United
States Government bonds were unchanged
on calL
CTLOSINO STOCK QUOTATIONS.
Closing
Sale. Htarh. Low. Bid.
Amal Copper .. 7.200 S2 82 21
Am Agricult ... 1.H00 68 68 uS
Am Beet Sugar. 3.000 71
American Can.. 12.700 41 40 40
do preferred.. 2.100 120 120 120V4
Am Car & Fdy.. 2,000 5 5 58
Am Cotton Oil.. 400 5314 63 oj
Am I I'd Kecnr 25'a
Am Linseed ... 1H
Am lmnllvi BOO 43 43H 4M"4
434
84
126
146
307
41T4
108
102
141
108
37
P3
277
27
80 H
107
141
iii"
14
Am Smel & Ref 1,000 84 S3 834
do preferred. J"e
Am Sueur Ri.f.. 500 liRV. 125 126
Am Tel'A Tel.. 40O 148 145'e 16
Am Tnh,-rr ... KOO 207 U 306 30ofe
Anaconda M, Co 1.500 41T 41Va 41'
Atchison 2.700
1$8 108
102 102
do preferred.. 100
Atl Coast Line.. 100
Bait & Ohio ... 400
Bethlehem Steel 1.000
Brok H Tran .. 0.000
141
107
37
92
278
27
04
10614
1404
iii"
14
141
107
37
92
276
27U
80
17
107
140
30
144
14
167
19
85
324
35
53
434
1SOT4
142
43
132
20
80
124
17
15
20
Canadian Pac .. 3,800
Central Leather. 1.300
Ches 4k Ohio . .. l.ooo
Cht Gt West
C. M St Paul. 8.200
Chicago & N W 300
Col Fuel & Iron.
Consol Gas 100
Corn Products 300
Del & Hudson
D A R Grande ;
do preferred.. 200 36 "4
36
Distillers Secur
Erie
8.300
200
36
64
35 4
53-4
oo 1st pf ....
do 2d pf
Gen Electric . ..
Gt North pf ...
Gt North Ore . .
6.500
800
400
600
12,900
142
44
1S2
21 V4
81
124S
17
14,
43
132
20
80
124
17
Illinois Central.
Interbor Met . .
do preferred. .
Inter Harvester
OO
300
nter Marine pf
Int Paper
int pump
K c Southern . .
Laclede Gas 105
Lehigh Valley.. 4.100 171 170H 170"
Louis & Nash.. ftuo
M. S P & S S M 40O
Mo. Kan & Tex. 20O
160 hi
152
l.-.9
152
28
87
137
159
162
27
37
137 .
89
30
116
32
117
82
127
32
123
118
109
20
88
181
167
27
87
25
Mo Pacific 1.100
Nat Biscuit ... 500
87
1384
National Lead
N Ry Mex a pf
N Y Central ... 300 11714 117
N T Ont & Wes
Norfolk & West 2.300
North American. 300
Northern Pac . .. 9.000
Pacific Mail . . .. 100
Pennsylvania ... 2,500
People's Gas 300
P, C C & St L.. 300
Pittsburg Coat
Pressed S Car.. 200
Pull Pal Car ... 200
Reading 23.200
Republic I & S. 700
do preferred. . 500
Rock Island Co. 1K)0
do preferred. . 500
St L & S F 2 pf
Seaboard Airline......
do preferred.
Sloes Sheffield
Southern Pacific 1.500
Southern Ry . .. 1.100
do preferred.. 500
Tenn Copper . .. 200
118
82
12S
324
123
1184
1094
3"
161
188
2
874
28
62
117
82
127
32
123
116
109
160
167
28
87
25
51
51 H
35
24
63
55
111
112
29
77
42
111
29
77
4a
77
42
21
171
P0
83
52
71
112
81
48
4
14
58
81
81
Texas & pacific
Union Pacific
11.200
171
90
84
62
71
112
62
170
90
S3
52
71
112
62
do preferred..
U S Realty
U S Rubber ...
V S Steel
do preferred..
Utah Copper . . .
Va-Caro Chem..
Wabash
do preferred..
Western Md ...
Western Union..
Westing Elec...
200
!O0
2U0
82,200
8UO
1.600
100 14 14
500
1,900
81
82
81
83
Wheel L E
6
Total sales for the day, 227,400 shares.
BONDS.
Furnished by Overbeck & Cooke Co., of
Portland.
Bid. Asked.
Amer Tel A Tel conv 4a..
114 115
American Tobacco 4s 96
American Tobacco 8s 121
Atchison general 4s............ 97
Atchison conv 4s 108
Atchison adj 4s stamped 89
Atchison conv 5s 10$
Atlantic Coast Line cons 4s.... 94
At Coast Line "L N coll" 4s. 93
Baltimore Ohio 3s 91
Baltimore at Ohio 4s 97
Brooklyn Rapid Transit 4s 93
Can Southern first 5s.... 100
Chesapeake Ohio 4s 99
C B & Q gen mtg 4s 85
C BjJ joint 4S 96
C B & Q Ills 4s 99
Chicago R I P Col trust 4s.. 69
Colorado & Southern first 4s... 95
Denver & Rio Grande 4s 85
Delaware & Hudson conv 4s.... 85
Erie first cons P L 4s 89
Int Met 4s 82
Japanese 4s 86
Japanese first 4s 91
Japanese seconds 4s 90
Louisville Nashville nnl 4s... 98
Mo Kan 4 Tex 4s
Missouri Pacific 4s 70
New York Central 3s. 80
New York Central L S 8s 80
New York City 4s
ew York City 4a of 198T 106
Norfolk Western 4s
Norfolk & Western conv 4s.. ..117
N Y Ont A W 4s 92
Northern Pacific P L 4S 98
97
97
108
89
108
95
94
112
97
93
100
100
95
96
100
69
88' '
83
89
83
87
92
98
86
71
87
81
93
106
97
117
92
89
89
93
94
104
86
98
104
94
90
78
79
100
102
97
102
97
103
101
101
102
102
114
114
is"
98
95
82
100
Northern pacific 5s 63
Oregon Short Line 4S it
Oregon P.y A Nav 4s 93
Penna Ry 4s of 1948 103
Philippine Railway 4s
Reading general 4s 97
Republic of Cuba 5s 103
southern Pacific first 4s 94
Southhern Pacific col 4s
Southehrn Railway 4s 78
St L S F ref 4s 78
Union Pacific first 4s 100
Union Pacific conv 4s 11
l'ninn Palfio ref 4s 98
Union States Steel S F 5s 102
Union Paclflo ref 4a 96
United States Bteel s F rs joz'-
United Staes 2s registered 100
United States 2s coupon 100
United States 3s registered 12 .
f-ntr states 3s couoon....
United States 4s registered.
United States 4s coupon....
United Hallway at l.
Wabash first 4s
Western Union 4s
Westlnghouie conv 5s
Western Pacific 6s
West Shore 4s
Condition of the Treasury.
WASHINGTON, Aug. . At the beginning
of business today the condition of the
United States Treasury was:
Working balance in Treasury
offices .'.
In banks and Philippine Tress-
Si.61.t7
The total of the general
wu 1(2,789.828
Receipts yesterday were 968.464
Disbursements were . 1'2I.,e
The surplus to aate tnis iiscai year is
S746.797. as against a deficit of $14,998,044
at this time last year.
These figures exclude Panama Canal ana
public debt transactions.
Money, Exchange, Etc.
NEW YORK, Aug. 8. .Money on call.
steady. 2 93 er cent; ruling rate, z
closing bid, 3T4: offered at 2.
Time loans, steady; B0 days, 3Vi per cent:
90 days, 3 tti per cent; six months, 4
per cent
Prime mercantile paper closed at 5 per
exchange, firm, with actual busi
ness In bankers' bills at $4.8465 for 60-day
bills and at $4.8715 for demand.
Commercial bills, $4.83.
Bar silver, 60c.
Mexican dollars, 48c
Government bondS) steady: railroad bonds.
Irregular.
LONDON. Aug. 6. Bar silver, steady.
27d per ounce. Money, 1 per cent. The
rate of discount in the open market for
short bills is 2 15-10 per cent; fer three
months' bills, 3 per cent.
SAN FRANCISCO. Aug. 6. Sterling on
London. 60 days, $4.844; do sight, $4.874.
Drafts, sight, 8; telegraph, 6.
Stocks at Boston.
tlloues 4814 ILa Salle Copper 8'
Amalg Copper.. 82 'Mohawk 68
K Z L & Sm... 31 'Nevada Con 21"4
Arizona Com .. SttiN'ipisslng Mines.
B & C C A a M. 7 North Butte. . ... 30
Cal & Arisona.. 75 North Lake 514
Cal & Hecla 528 Old Dominion... 574
Centennial 22 4 jOsceola 115
Cop Ran Con Co 67"4'3ulncy 61
E Butte Cop M. 13"f4:3hannon 17
Franklin 11 (4 Superior 414
Qlroux Con .... 5H Sup & Bos Mln.. 46
Qranby Con ... 5341 do preferred... 4
Greene Cananea.-10 jutah Con 13
I Royalle (Cop) 344(Jtah Copper Co. 62
Kerr Lake 2 tt'inona 5
Lake Copper.... 364 Wolverine 107
Closing quotations: Miami Copper... 294
N0N00S ONTHEMARKET
GOOD SUPPLY OF CATTLE AND
SHEEP ARE OFFERED.
Best Steers Bring From $6.80 to
$7 Big Bunch of 700 Wethers
Sells at $4.50.
Another good bunch of cattle and sheep
reached the stockyards yesterday and trade
'was good throughout the day. The market
was in a firm position, hut there was no
change In prices.
About six loads of choice steers were sold
at $8.80 to $7, and this comprised the bulk
of the business in this line. Lower grade
steers ranged In price from $4.50 to $8.25.
Cows sold from $4 to $6, and a single choice
heifer, weighing 1160 pounds, brought $7.
There were no offerings on the hog
market.
The feature of the sheep market was the
sale of a bunch of 700 wethers at $4.50. A
smaller lot brought $4.80.- Good lambs sold
from $4.85 to $5.25, and a few ewes went
at $3.25.
The sources of the livestock received at
the North Portland yard In July was as
follows: '
Cattle. Calves. Hogs. Sheep.
Oregon 40-S 197 2793 22.027
Idaho 627 76 2065 . 765
Washington ... 300 ... 81 4.464
Montana 208 1
Nebraska 2018 .....
Texas 95 ...
California 994 143
Totals 8307 417 6957 26.196
Receipts yesterday were 326 cattle and
1381 sheep.
Shippers were E. T. Angel!. Condon. 2 cars
of sheep; George Nesblt, Weiser, 3 cars of
cattle; Sol Dickerson, Weiser, 1 car of cat
tle; C. A. Burdlck, Payette, 1 car of sheep;
J. T. Logan, Huntington, 2 cars of cattle;
Hugh Cummlngs. Corvallis, 4 cars of cattle;
A. R. Ford. Carlton, 1 car of cattle and
sheep; J. W. Sevier. Harrisburg, 2 cars of
cattle, and Smythe Bros., Lyle, Wash., 3
caro of sheep.
The day's sales were as follows:
Weight. Price.
1 steer 1380 $5.25
23 steers 110O 825
28 steers 1147 6.80
25 steers 1176 6.80
8 cows 84 8 5.25
1 steer - 1320 4.5n
2 steers 1075 0.00
1 steer 1050 8.00
17 steers 1025 6.80
1 cow 670 4.50
1 cow 980 4.00
4 steers 727 5.19
1 steer 910 5.00
1 bull 13(10 3.10
1 bull 1010 3.10
1 bull 840 3.10
25 steers .' 117 7.00
2 steers - 965 6.25
7 steers 1145 7.00
1 steer 1010 6.00
23 steers 1185 6 b5
1 cow 810 5.75
7 cows 1071 5.75
1 cow 1010 4.50
2 cows 1090 S.Otl
4 cows 980 5.35
2 cows 885 6.00
1 heifer .; U' 7.00
5 cows 870 5.2
1 calf .i 10 8-2r
I stag 1010 4-25
1 bulf WOO .425
24 lambs 85 5.25
1 lamb 50 4.2.
150 lambs 67 4.6u
501 wethers ,. 104 4.S0
100 wethers 108 4.50
5 ewes -
The range of prices at the yards was as
Choice' steers ' 'I 02
Good steers..... 8.00 6.50
Medium steers 6.7519 6.00
Choice cows i'lt"? ?:?
Good cows 5 ??2 i ii
Medium cows 5 :12
Choice calves 7.00g 8.25
Good heavy calves S 00!K S",'!!
Bulls 8.6H i 6.10
flags 600
Llght'tT. 800
HeavV .".
Yearling 8.000 4.25
wether. ;;;;.;;;;;:::;;:::: JrSog ill
umbi - 5.25
Omaha livestock Market.
SOUTH OMAHA, Aug. C. cattle Re
ceipts. 8600; steady to easier. Native steers.
$7 509.75; cows and heifers, $3.50i&-7.25;
Western steers. $5.258.25; Texas steers.
$4 508.80; range cows and heifers, $8i8.7;
canners. $2.754.20; stockers and feeders,
$3.75 5: calves, $4S.25; bulls, stags, etc,
$3.755.50. . . , .
Hogs Receipts, 10,700; market. 5c higher,
closed lower. Heavy. $7.75 8.10: mixed $1.80
8.10; light. $7.858.25: pigs. $8.o07.u0;
bulk of sales, $7.858.15.
Sheep Receipts. 13.200: market, steady.
Yearlings. $4.50 l 5.25: wethers. $3.75l34.50;
ewes, $34.10; lambs, $0.25 fe-7.50.
Chicago Livestock Market.
CHICAGO. Aug. 6. Cattle Receipts,
6500; market steady. Beeves, $5.75&)10;
Texas steers. $4.90(87.70; Western steers,
$5 158.10; stockers and feeders, $46.85;
cows and heifers, $2.75 8.86; calves, $8.i5
10. .
Hogs Receipts, 13.000; market, strong to
Oc higher. Light, $7.95ra'8.65; mixed, $7.55
8 60; heavy, $7.35S'8.40; rough, $7.S57.55;
pigs $6.908.35; bulk of sales. $7.858.45.
Sheep Receipts, 28,000; market, slow. Na
tive, $3.251? 4.75: Western, $S.504.65: year
lings. $4.405.63: lambs, native. $4.00 7.75;
Western. $4.50 7.80.
Changes in Available Supplies.
NEW YORK. Aug. 6. Special cable and
telegraphic communications received by
Bradstreets show the following changes in
available grain supplies as compared with
previous account: .
Bushels
Decrease.
-anient United States east of
Rockies .'.
United States west of Rockies 150,000
Canada .i5.ot
Total United states ana canaaa... it-v.vuu
Afloat for and in Europe $.700,000
Total American and European sup
ply ?-",7"'-"'"
rvrn united States and Canada. . ,l,48Z,ouo
Oats. United States and Canada 2St,000
'Increase.
Puget Bound Grain Markets.
TACOMA. Wash.. Aug. 6. Wheat Old:
Bluestem, 90c; club, 88c New: Biuesiem,
83c: club. 80c
Yesterday s car recevpus w neat, , o
ley, 2; oats. 1; hay. 88.
SEATTLE. Wash.. Aug. 6. Wheat Blue-
stem. 79c; fortyfold, 77c; ciuo, tic; nio. hc,
red Russian. 7oc
Yesteraay s car receipts wneaw ov, u-
ley, 8; flour, ; hay. 23: corn, 3; oats, l.
Grains In San Francisco.
. xr mtisnsiyi Anr. 6. Soot ouota-
tlons Walla Walla, $1.62 1.55 ; red Rus
sian. $1.65 1.67; Turkey red, vl.62
. Ti . . -I .nuAl A- f.cH harlev.
1.17 W l.Jvi wnite oais. ji.wtfi.vu, Mr:v
26.50SI27; middlings, $3536; shorts. $31
ci'n' board sales: Barley December,
$1.58; May, $1.21.
Minneapolis Grain Market.
wiwripm,i!i Aur 6. Wheat, close:
September, 91ci December, 92c; May.
96 c
Cash prices close: No. 1 hard, $1.06: No. 1
Northern. $1.03l.O4: No. 2 North
ern, $1.01 1.02; No. S wheat. 99c
$1.00.
tjariey, v ' j.
Flax. $1.82 0L94.
Dried Fruit at Nets' York.
NEW YORK. Aug. . Evaporated apples
quiet. Prunes steady. Apricots quiet-
KalSins unseiueu.
HITS LOWEST LEVEL
Wheat Price Breaks on Huge
Crop Estimates.
A
EXPERTS' FIGURE HIGH
Put the Total Yield of Spring and
Fall Grain at 800,000,000 Bush
els Minneapolis Receipts Ex
pected to Reach 1000 Cars.
CHICAGO. Aug. 6. Suggestions that the
wheat crop this Fall might amount to
800,000,000 bushels Jolted down prices today
to the lowest level this season.
Estimates put the Spring wheat yield at
350,000.000 bushels to 400.000.000 bushels,
and the Winter total at 400,000,000 bushels.
In this connection it was asserted that with
in a month receipts at Minneapolis would
be 1000 cars a day and would continue un
til next August. The movement in the
Southwest was said to be up to the limit
of railway equipment.
Despite a good deal of covering by shorts,
fnrn mind heaw. Further rains in Kan
sas and Oklahoma were said to have made
more certain the maturing or tne crop.
New low records for the year were made
In nntff
Much of the provision trade was in the
changing of September holdings to Janu
ary, packers taxing tne nearDy monino.
The leading futures ranged as follows:
WHEAT.
Wheat Open. Hlph. Low. Close.
Sept. 92 .82 .92 .92
Dec 92 .113 -92 .92
May 96 198 .96-. .96
CORN.
Corn
Sept ,
Dec
May
Oats
Sept .6R
.58
.66
.88
.58
.58
.85
.55
.55
.68"
.55
.56
OATS.
.81
.32
.34
PORK.
.81
.30
.31
.34
.30
.31
.34
Dec
.2
May 34
Pork
Sept. 17.80
17.82
17.70
17.85
1S.47
17.77
17.87
18.52
Oct. .
Jan. .
18.00 18.00
IS.57 18.57
LARD.
Lard
Sept
Oct.
Dec ....
Jan. ....
.10.55
.10.82
.10.37
.10.37
10.57
10.65
10.37
10.37
RIB3.
10.50
10.57
10.32
10.35
10.50
10.57
10.35
10.37
Ribs
Sept. .
Oct. .
.10.5.- 10.55 10.52 10.55
.10.52 10.55 10.47 10.52
. 9.S0 9.80 9.72 9.75
Jan
Cash quotations were as follows:
r lour steaay.
Rye No. 2. 6870c.
Barley Feed or mixing, 4550c; fair to
choice malting, 60574c.
Timothy seed $4(gS.
Clover seed $10J15.
Mess pork $17.7517.87.
Short ribs Loose, $10.55.
Total clearances of wheat and flour were
equal to 53.000 bushels. Primary receipts
were 522.000 bushels, compared with 1,011,
000 bushels the corresponding day a year
ago. The world's visible supply, aa shown
bv Bradstreet's, decreased 4.620.00O bushels.
Estimated receipts for tomorrow: Wheat.
281 cars: corn, 212 cars; oats, 307 cars;
hogs, 25,000 heatL
Dulutli Flax Market.
DULUTH. Aug. 6. Close: Linseed., on
track, $1.S0: to arrive. $1.77: September,
$1.78 bid; October, $1.70 bid; November,
$1.69 asked.
Street pavement
should not be too
rigid, or it is sure to
b e noisy, dusty,
scaly, brittle, bard
on horses' feet and
rubber-tired vehicles,
and almost impossi
ble to repair per
fectly. Bitulithic is
the opposite of all
these and at the
same time is non-
skidding.
J.C. WILSON &COJ
STOCKS, BONDS, GRAIN AND COTTON
MEMBERS
NEW YORK STOCK EXCHANGE.
NEW YOKlv COTTON EXCHANGE,
CHICAGO BOARD OF TRADE.
THE STOCK AND BOND EXCHANGE,
SAN t'RANCISCO.
PORTLAND OFFICE:
Main Floor Lumbermen Bank Bldg.
Fifth and Stark.
Phones Marshall 4120. A 4187.
MEDITERRANEAN
GIBRALTAR, NAPLES. GENOA.
S. S. MOLTKE
AUG. 20, 11 A. M.
S. 8. Moltke Oct. 1, 1 P. SI.
TWO IDEAL CRUISES
AROUND
IXLAND
EXCURSIONS
THF SIDE TRIPS
A I1U
WORLD
13 DATS IN JAPAN
IS DAYS IX INDIA
From N-w York From San Francisco
OCT. 19, 191. FEB. . 113.
?. S. S. CLEVELAND
DURATION OF EACH CRUISE
110 DAYS
$650
Including all neces
sary expenses aDoar l
and ashore, railway
hotel, shore excursions. cs..
guides, fees, etc
Writs for booklet of any cruise.
HAMBURG-AMERICAN
LINE
inn Powell t San Francisco, CaL
O -W R. N. Co.. Nor. Pacific
i R. G. R. Burlington
ound. R. R. C. FT Kluian
Mulkey bldg.. D. B. Smith
69 5th st. Portland. Or.
Ccpyr'.ght.
' : '
TRAVKLERS' GUIDE.
b London, Pans, f g.yg
M HsiTllllirff :;"E, Time has demonstrated its serviceability and
B liaiiUU15 ?rW--'r;-"-:..'Kf3 superiority. Thera'a every reason why the
11 btyi'Q&r'.V-ififfl streets adjacent to your property should be
B Amerika Aug. 35. 11 A. M. R&'J5S1 improved. W.
M -Pennsylvania. .August IT. 12 Noon 11 B B4.RBER ASPHALT. Bt
H Cincinnati August 22. 1 P. M. H Eg V'W'fMwMKiiTHSfa ,' Jif.'l
fj Kaioerin Atuj. VIcAuft. 29, 11 A. M. U K iMMiVMWJ' ' i II llllll jl nQirTiTTr1TW
I Hanthurs direct, second cab,, PM
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital $1,000,000
Surplus and Profits $ 1 ,000,000
V OFFICERS
" J. C. AIWSWORTH. President. n. W. SCITMEER, Cashier.
R. LEA BARNES. Vlce-Prealdent.
A. M. WRIGHT, AsaUtant Cashier. W. A. HOLT. Assistant Cashier.
LETTERS OF CREDIT AND TRAVELERS'
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on ALL FOREIGN COUNTRIES
lumbermens
National Bank
Travelers' checks offer the most convenient
way yet devised for carrying money safely
while traveling. The cost is trifling.
Capital - -
LADD & TILTON BANK
Established 1869.
Capital Stock
Burplus and Undivided Profits
Commercial and Savings Accounts
Letters of credit, drafts and travelers' cheeks issued, Avail
able in all parts of the rsorld.
OFFICERS
TV. SC. Ladd. Iel(lrnt. Robert S. Howard, Aset. Cashjetk
Edward CooklnKham. VlcoPrea. J- W. Ladd, Asst. Cashier.
V. H. DunekJey, Cashier. Walter M. CWak. Aat. Caahlea,
First National Bank
Capital $1,500,000
Surplus 900,000
Oldest National Bank West of the
Rocky Mountains
The Canadian Bank of Commerce
INCORPORATED 1887.
Head Office Toronto, Canada. Sew York 16 Exrhana-e Place.
London 2 Lombard Street.
Over two hundred other branches In the T'nlteil States and Canada.
Every care taken of collections. Xlraftg on all forelftn countries and
principal cities In United ritatea and Canada bought and sold, and a gen
eral banking: business transacted.
Interest allowed on Time and Special Deposit.
PORTLAND BRANCH, SECOND AND STARK STREETS
V. C. MALFAS, Manager.
D
I TRAVELERS- GUIDE. TRAVELERS' GUIDE. .
CYnNFV
m mm mm e
llnT I IMP
19 DAYS anwiii - 18 PAYS
The pleassntest and most comfortable of sll ocean Toy
ages a trip across the Pacific to the Antipodes. Splendid
steamers "SONOMA" and "VENTURA". 10,000 tons
displacement. 44 days San Francisco to Sydney, Australia,
and back, with a day st HONOLULU each way, stop, at
PANG0 PANG0 (SAMOA) and sixdaysat SYDNEY, the
most beautiful and healthful city in the world.
For rest, recreation and pleasure no other trip fompsres
with this. Stevenson said of Samoa, "No part of the world
exerts the tame attractive power upon the visitor.
Round trip rates, 1st class, from San Frarcuco:
HONOLULU $1 10' SAMOA $240; SYDNEY $300.
ROUND THE WORLD $600 1st cabin; JJ75 2d cabin,
via Ceylon Eeyp'. lu'V. l iberal stop-overs.
Sailings every two weeks: An. 13, 27, Sept. 10. 24. Oct.
8, etc. Write or wire N0U for berths.
OCEANIC STEAMSHIP CO. 673 Market St., San Fruwkco
NEW YORK -PORTLAND
REGULAR FREIGHT SERVICE.
Low Rates. Schedule Time.
AMERICAN-HAWAIIAN S. S. CO.
215 Railway Exchange Bldg.
Portland, Or.
Main 8378. A 3922.
Steamer Anvil
Safin from Couch-Street Dock W5nday.
August i. i sr. sn.
Fo? Newport, Florence and Bandon.
TCKainht nni4 DaniBTI ffari
Frank Bcllam. City Ticket Agent. 128 Third.
C. E. Brown, Frt. and Pass. Agent, Couch-
bu iOCK. .rnone. jaain oui, .a hj..
SI, 000,000
....$1,000,000.09
600,000.00
San Francisco, Los Angeiei
and San Diego Direct
S. S. Roanoke and S. S. Elder
Sail Kvery Wednesday Alternately at 6 P. M.
NORTH PACIFIC S. S. CO.
lit A Third St- Phones Main 1314. A 1311
COOS BAY LINE
STEAMSHIP BREAKWATER
Sails from Alnsworth Dock, Portland,
at 9 A. M July 24, 29; August 3,
8, 13 18, 23 28. Freight received at
Ainsworth Dock dally up to 5 P. M.
Passenger fare first-class, $10; second
class, $7, Including berth and meals.
Ticket office Alnsworth Dock. Phones
Main 3600. A 2332.
EXPRESS STEAMERS FOR
San Francisco and Los Anajeles
WITHOUT CHANGE
S. 8. BEAR Sails 9 A. M., Anmist 10.
THE SAN FRAN. PORTLAND S. 8. CO.
Ticket Office 142 Third Street.
Phone Alain 11605, A 14 W.
Drain to Coos Bay
Auto Every Day. Wire Reaervatlona to
O. MATTOON, Drain, Or.
4