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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 5, 1912)
WHEAT. HOT INJURED Banker Finds No Damage in Palouse From Rain. NEED FOR LIVESTOCK SEEN Offirfr or Lumbermen's National, Upturning From Montana Con vention, Makes Inspection in Inland Kiupire. Wheat growers of the Paloufe and the vast Inland Empire country have Buffered no 1 09 on account of the rainy weather." I; Mid Graham Dukehart. assistant rnsnirr i the I.umhermens National Bank, yesterday. Mr. Dukehart baa Just returned from a trip through that territory, having previously attended the convention of TfffMontana State Bankers- Association, held at Kalis pell. "In Colfax I called on the different bank ers and found that they are all satisfied with conditions and look for a prosperous year." he continued. "In company with one of the bankers. I visited the wheat fields around Colfax and saw them thresh ing an enormous wheat crop. The way the threshing crews unhooked from one setting and proceeded to another without loss of time was an eye-opener. It was just like a circus. Wheat growers In the Talouse are harvesting 43 bushels to the acre. The harvest la pretty far along, so rains should do little damage, if any. There is no dam age as yet from unfavorable weather, and little grain remains to be cut. 'I found some farmers beginning to raise stock. Some refuse to sell their grain, and are feeding It to hogs with marked success. As In ail other sections, a dearth of cattle la apparent. Feeders are hard to obtain at any price, and because of this condition the farmers are unable to grasp an opportunity for considerable profit. "At Toppenish. on the Yakima reserva tion, .all the land is leased, and the improve ments therefore are of a temporary charac ter. The principal crop is alfalfa, and the farmers were somewhat ca.eless In curing their hay. It Is not Al stuff, and contains weeds and some cheat. Here Is an example of alnppy farming. The average farmer is not going to-set enough above the cost of 1 I V. I hair rt HuV HnT feed in stock. It has oeen their practice In recent yearn wben hay was nign 10 aiF and sell even their yearlings, so now they have no stock to feed. peach orchards around North Yakima are In a hiph state of cultivation and are beau tifully kept. The Yakima Valley has an enormous fruit crop this year, and they are now marketlnjf their peaches and early op pies. Orchard investments around Yakima are brinKin satisfactory returns. North Yakima is a live, up-to-date town, with class A buildings, wide etreets and an automobile fire department. The Kennewick hth lands produce large crops of jrrapes and apples. SV'hlle I was there one train of 56 refriger ator cars of fruit pulled out of the station. "One opportunity that is being overlooked almost all alonit the line is that of raising hogs. Enough goes to waste on the average farm to feed a good-sized band of porkers. If farmers would only embrace this oppor tunity, they could clothe their families and have a substantial surplus from the profits of hogralsing. 'The convention at Kalispell was well attended, and after the business sessions were concluded the delegates were nter tained by a trip to Lake McDonald and Glacier Park. We also took a motor trip CO miles east of Kalispell in the Flathead Valley, where they are just harvesting a large grain and hay crop. Wheat and oats four feet high, with heads correspondingly heavy, were seen. There were enough dele, gates from Spokane and San Francisco to enable us to charter a special Pullman from Belton. Mont., to Spokane, and this mad it pleasant for all." . . j PURCHASING OF WHEAT IS CHECKED Bayers Apparently Are" Filled I'p and With draw From tlio Market. There was a decided slowing down of activity in the wheat market yesterday. A few buyers were still in the field, paying 80 cents, but the majority of the larger dealers have withdrawn temporarily. Wheat was freely offered at the old price and for the first time in two weeks the offerings were in excess of the demand. There were no changes in the barley or oats markets. Local receipts in cars were reported by the Merchants Exchange as follows: urn at Rsrlev Flour Oats Hay Monday-Tues.. Wednesday. . Vnr niro 25 31 13 13 10 82 13 4 6 go 3 6 U 2 Season to date. 1616 151 3T1 113 30. oj.l '.) 44S 141 437 Year ago. .ear s " i -nnriuinn sir Kummarized rurcign wk by the Liverpool Corn Trade News as fol lows: United Kingdom The continued wet weather which has prevailed for the past ix weeks has caused irreparable damage to the wheat crop and a considerable por tion of the new wheat is unfit for milling purposes, and nearly all of it unfit for im medite use. The. weather today shows im provement. France There are some complaints of sprouting and bad condition of wheat, owing to wet weather. Our own agent takes a more favorable view regarding both the quality and yield. The oats has suffered damage from wet weather. Uermanv Much of the wheat and oats crops has been damaged by the continued rains, and there is an increased demand for foreign wheat. There are many com plaints regarding the potato crop. Roumanta The outlook for the com crop has improved. Plowing for the new wheat crop is progressing under favorable weather condition. . Hungary The outlook for the corn and potato crop is good. ustralla The wheat crop shows a healthy growth, although it is somewhat backward. Russia Our agent at Odessa stales that the weather Is fine, although there has been some damage to the crops by rain. Arrivals are large. In the Volga region i v.. hinHoroH lt harveatlnK. and some e.mSc i rnnoil Arrivals are small. In the southwest the weather is unsettled after general rains, and harvest reports are un satisfactory. Arrivals are small. RECENT SALES OF OREGON WOOLS Oat Lot of 200.000 Pounds Brings 21 and Si Cents at Boston. Amonc the wool sales reported at Bos ton in the past week by the Commercial Bulletin was a lot of 200.000 pounds fine staple Oregon at :i and 12 cents, or about 2 and 65 cents clean basis. Original wools have sold to a considerable extent on the basis of about 60 and 6 cents. Mon tanas bringing about 14 and "5 cents for average wools in the grease. Orig inal lots reported include 125.DO0 pounds of Montana and a similar amount of Idaho. the latter at 21 and cents In the grease and about cents clean. Another lot of 75.000 pounds Montana brought about 61 and (- cents clean and some 325.000 pounds of the same grade was sold by another house at the same range of price. Graded wools have Included a sale of about 400.000 pounds of half-blood Montana and Soda Springs wools at a basis of 62 cents clean and upwards. This means a grease cost for the Montana of 26 cents. A sale of 1O0.O00 pounds three-sighths Soda Springs Is reported at cents to cost 57 and 3S cents clean. Fine staple Montana Is held at (5 cents and upwards. A lot of 200.000 ftr.e staple oda Springs was sold at 24 cents or 65 cents clean. TRADE IX PEACHES OF LARGE VOLUME With Strang Demand. Prices Are Firmly Maintained. Peach sales yesterday were of large vol ume. There was an ample supply on hand. but the demand was strong and prices were firmly maintained. A shipment of Lodl Tokay grapes arrived and sold at $1.75 in lug boxes. Good grapes of all Taneties wc"e firm. Melons and can taloupes were rather scarce, with a good demand for both, pears and apples moved wli. Prunes and plums were In oversupply and weak. . Sweet uotataes were scarce, but a carload is due today. Tomatoes were temporarily firmer and the best brought 60 cents a box. Th steamer due today will bring the usual assortment of southern vegetables. Improvement In Poultry Trade. Poultry receipts were fairly iarge yester day, but buyers took hold readily. Hens sold at 13 cents and Springs at 15 cents. There was also a better supply of dressed meats, but prices held firm. The egg market was steady with the sup ply and demand about equal. Butter and cheese were firm with a good demand for both. Sugar Market Is Firm. The sugar market is firm with good prospects of an advance today or In the near future. There was an advance in the Eastern market yesterday, the second since the last rise on the Coast. LARGE HHEEP SALES IN WALLOWA CO. Recent Transactions Involve Transfer of 28,000 Head. ENTERPRISE, Or.. Sept. 4. (Special.) A number of large sheep sales have been re-po-tod in Wallowa County in the last weV Fred W. Falconer, of Enterprise, is the largest buyer, having purchased about 12.000 sheep C P. Ragsdale has bought about 30 '0 head recently, and since July 1 has purchased SO00. Graves brothers have sold 30O0 sheep for the Eastern market. Mr. Falconers purchases included the fol lowing: 1300 coarso lambs, bought of Ernest Johnson; IOOO fine lambs, bought of Ray Johnson; 2000 breeding ewes and 1000 coarse lambs, bought of Walter Boner; 7H ewes and Iambs, bought of Pat Loftus; fiOO ewes and wethers, bought of Albert Morgan; 3300 ewes, wethers and lambs, bought of Schaef fer & Downard; 1000 fine Iambs, bought of Sheppard Morgan. Mr. Falconer will f"d part of these sheep, some on his ranches and some on farms in the lower part of the county, where he has bought hay. The ewts will be kept for breeding. If the market goes up. Mr. Falconer will be ready to take advantage of the advance and soil. Mr. KagFdale bought 2000 coarse lambs of Hanson brothers at $4.25 apiece for October 1 delivery. He also took all of Jud Tip pe't's coarse lambs. In July he purchased 5000 sheep of Peter Baudon. Graves brothers have sold to Charles Her shey MM t( coarse lambs for delivery Septem ber 27 at Enterprise. The price was a head. The sheep will be shipped to Gibbon, Neb., and there finished for the Eastern markets. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland Seattle . Tacoma Spokane , $2.7O!I,OU0 S441,(i20 2.100.573 222.772 734.2011 34.314 r. . 7GS,7t)S 05,035 PORTLAND MARKETS. Grain, Flour, Feed, Etc WHEAT Track prices, new: Club, 80c; blufstem, S2i S;ic; fortyfold. Sic; Valley, 81c. FLOUR Patents $4.40 per barrel; straiclits, $3.iK; exports, $3.60(53.70; Val ley. $4.40; graham, $4.40; whole wheat. $4.60. BARLEY Brewing, $28; feed, $25 per ton. M I LLSTUFFS Bran. $23.50 per ton ; shorts. $26; middlings. $32; rolled barley. $28. CORN Whole, $38.50; cracked. 39.50 per ton. 1 HAY Eastern Oregon timothy. $15; Val ley timothy. $1213; alfalfa. $1112; clover. $10; outs and vetch, $10011; grain hay. $1011. OATd Spot. $29 30 per ton ; futures. ?253 26. Vegetables and Fruits. FRESH FRUITS -Apples. 75e'ffT. $1.75 per box; peaches. 25fii65c pr box; plums, liglc p-r pound; pears, 2c per pound; grapes. $1 fc1 $1.75 per box: blackberries, SOcff. $1.25 per crate. $350f4; California grapefruit, $5; lemons. crate; watermelons. $1 1.25 per hundred; Cassabas. $1.5ff 1.50 per dozen. ONIONS walla waiia, 7oc per sac a. POTATOES Jobbing pices: Burbanks, itS75c per hundred; sweet potatoes, 2Uc . per pound. I VEGETABLES ArtlchoKesr- :ir toc - 'per ; aozen; Deans. e; csuuhsc n pound : cauliflower, $1 ft 1.25 per dozer.; cel ery. 50c 75c per dozen; corn,--lo 2e per j dJzen; cucumbers. 50c per box; eggplant. : 5i& 6c per pound; head lettuce, 2025c , per dozen; peas. 8.'ftc per. pound;- poppers. ! 5 'a 6c per pound; radishes, 15 20c per dozen; tomatoes. 5011 00c per box;, gariic. Of. lC pel jjuimu. SACK VEGETABLES Carrots. $l.o0 per sack; turnips, $1.25 per sack; beets, $1.50 per catv. Dairy and Country Produce, EGGS Case count, 2223c; candled, 25 2fic; extras. 27c per dozen. CHEESE Triplets. 17c per pound; twins, I7c; daisies, 174c; . Young Americas, 18c per pound. BUTTER Oreson creamery butter, cubes, 32c -per pound ; prints, box lots, 33c per pound. PORK Fancy. 11 iff 12c per pound. V3AL Fancy. 1415c per pound. POULTRY Hens. ISfcc; broilers. 15c; ducks, young. 10c; geese. 8 12c; turkeys, live, 1S1i2Uc; dressed, 24CT25c Staple Groceries. SALMON Columbia River. one-pound tails, $3.25 per dozen; eight-pound tails, $2.1)3; one-pound flats. $2.40; Alaska pink, one-pound tails. $1.25. COFFEE Roasted, in drums, 2640c per pound. HONEY Choice, $3.75 per case; strained honev. 10c per pound. NUTS Walnuts, 1616c per pound; Brazil nuts. 12Vfcc: " filberts, 14iS'15c: al monds. 17 21c; peanuts, 0flHc; cocoanuts, 00c & SI per dozen; chestnuts. 12c fer pound; hickory nuts, 6 10c per pound, BEANS Small white. 5.40c; large white. 5.20c; Lima, Oc; pink, 4.15c; Mexicans, 43tc: bavou, 4c. SALT Granulated. $15 per ton; half ground 100s. $7.50 per ton; 50s, $S per ton UGAR Dry granulated. $5.95: fruit and berry. $3.05; Honolulu plantation. $3.00, beet, $575; extra C, $5.43; powdered, barrels. $6.20: cubes, bare is. $0.35. RICE No. 1 Japan. 6c; cheaper graOes, SiffSc; Southern head. l7Hc DRIED FRUITS Apples, 10c. per pount ; apriocts, Uc14c; peaches, 8llc; prunes Italians, S10c; silver, 18c; figs, white and black. 6ttc$ 7c; currants, 0c; raisins. loose Muscatel. 67e; bleached. Thompson, 11 Wc; unbleached Sultanas. 8ic; seeded,7 & 8 4 c ; dates, Persian, S Vc per pound ; hard, $160 per box. Provisions. HAMS All sizes, 17H18Hc; picnics, 114c; skinned. IS 19c; boiled. 27c BACON Fancy. 2tl27c: choice, 17 22c. DRY SALT MEATS Backs, dry salt. ll 12c; backs, smoked, 12Vi313c; bellies, dry salt, 14 Vac: smoked, 16c LARD Tierce basis, choice. 13c: com pound, 9c; leaf, three-pound palls, $3.75 per case. MISCELLANEOUS Pigs' feet, kilts. $1.35; sliced beef, in sides, $23 per case; dried beef. In sides, 2-c per pound; sausage, cervalat, 20$ 25c; holsteiner, 13c; Italian ham., 20c; liver sausage, quarters, $5; Vienna sausage, quarters, $5. Hops, Wool and Hides. HOPS 1912 fuggles, 17 ftQ per pound; clusters, nominal. MOHAIR Choice, S2c per pound. PELTS Dry, 13c; full wool butcher pelts, $1 23t 1.75; searin.es, 25 50c WOOL Eastern Oregon. 14t?lSc per pound according to shrinkage; Valley, 21 tg1-22ttc per "pound. HIDES Salted bides, 11 -9 13c per pound; salted cr.lf, lS19c: salted kip. 11 12c; green hides, llci dry calf. No. 1. 25c; No. 2. 20c; dry hides, 20?22e; salted stags, Ihh g"8c; gre.n stags. C7c. CASCARA Per pound, 4 95c; carlo ts. 5 5c. , Linseed OU and Turpentine. LINSEED OIL Raw, barrels, 70c; boiled, barrel a. tlc; raw, c.ses. 64c; boiled, cases, TURPENTINE Cases, 63c; barrels. 0fcc per gallon. Coffee and Sugar. NEW YORK. Sept. -4, Coffee closed steady and within a few points of the best at a net advance of 36 to 42 points. Sales: 173 300 bags. September. 13.94c; October, 13.9;:c: November and December, 13.92c; January and February. 13. 94c; March. lS.7c; April. 13.90c; May. 14.olc; June and July. 14.t'0c : August. 13.93c Spot Firm. Rio 7s. 14,c: Pantos 4a l4c; mild, quiet; Cordova. lOfjlSc. nom inal. Sugar Raw. firm. Muscovado, W test. 3.c: centrifugal. Vst. 4.20c: molassea, .so test, 2.61c Refined steady. Sales, 22.WJ0 bags STOCK PRICES SAG Conditions In Money Market Are a Factor. CALL RATE 4 PER CENT Last Quotations Show Little of arljr Gains Except in a Few of the High - Priced Specialties. Bond Market Is Heavy. NEW YORK, Sept. 4. The most note worthy Mature of today's dull and irreg ular stock market was the growing im portance of money as a factor. For a time the list gave signs of an in clination to shake off the heaviness of the previous day although opening prices were generally lower. This was followed by a buying movement and short covering soon established gatM of a point or more In some of the n representative issues. In the earlyafternoon when call loans we're quoted at 4 per cent and time rates went higher the market sagged until lit tle was left of the gains except in certain of the higher priced specialties, notably the tobaccos, which repeated some of their spec tacular performances. Private advices from Berlin, where pri vate discounts were again higher. Indicated an early advanee in the bank rate. The bond market was again heavy with pressure against some of the traction issues. .Total sales, par value. l,850,O00. United States government bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Amal Copper .. 7.8(H) 86 SO 804 Am Agricult .. 3,IKX n SSH 08 54 Am Beet Sugar. l.!0l 74 14 7.1 hi 7:( tfc American Can.. 3,300 311 :ts do preferred.. JH US 118 lis Am Car it Fdy., full) 81 BO, 00 Am Cotton Oil. . "0 r.44 r.4 S4V4 Am Ice Securl.. l"t) -"'li " --4 Am Linseed UK) 13Vj lW 13 Am Locomotive. tlol) 44 4,"T4 435, Am Smel & It 1.UU0 65 do preferred lf'i Am Sugar Ri'f.. 1.100 lifi 125 1J."4 Am Tel & Tel.. 1.IMJ0 144 148 14454 Am Tobacco ... 1.700 24 2."i!vi i'li3 Anaconda M Co. 5,700 45 44 44 4 Atchison 1,601) 10Si4 107 Vi 107 7s do preferred.. 300 10:! 102 101 Atl Coast Line. 300 142ti 142 141 Bait & Ohio 1100 107 10694 10OH Bethlehem Steel .',00 30 54 '' 3 Brook R Tran.. 1,00 04 00 !Hli4 Canadian Far .. 2.000 273 18214 1S2V5 Central Leather. 2.700 29 2S4 2S' Chea & Ohio 700 71 81 8114 Chi Gt West 18 C. M St Paul.. 1,300 100 105 105 Chicago & N W 13SH Col Fuel & Iron. S.50I 34 32 S3 H Consol Gas 2.100 145 145 143 i:orn Products.. 200 15 15 15 Del ft Hudson 18 D ; R Grande 21 do preferred 38 U Distillers' Secur l.Ooo 33 33 3.1 Brie 4.500 3K 31! 30 lri 1st pf .... 300 53 35 53 do 2d pf 44 Gen Electric ... 2O0 1S3 182 182 Gt North pf 3.500 138 137 137 Gt North Ore .. 1,3"0 46 45 46 Illinois Central. 200 130 130 120 Interbor Met ... 1.000 10 10 10 do preferred.. 1.8'K) 38 5S 5t Inter Harvester. SOO 121 121 121 Inter Marine pf. 1.200 20 20 i 20 Int Paper 200 16 1UV4 1 Int Pump 'vt K C Southern 2(1 Laclede Gas ... 100 lor. 105 14 105 Lehigh Valiey. . 6.I00 1S 167 167 Louis & Nash .. 50" 162 162 162 M. S P & S S M 300 140 140 140 Mo, Kan & Tex 2S Mo Pacllic 4.400 39 3!) 30 Nat Biscuit 130 National Lead . SOO 00 5il 5 N Ry Mex 2 pf 30 N V Central ... 900 115 114 114 N T. Ont & Wes 300 37. 37 37 Norfolk & West. l.ooO 116 115 115 North American 3o0 85 85 S3 Northern Pacilic 7.500 127 V4 126 120 Pacific Mail 30 Pennsylvania ... 700 124 124 124 People's Gas ... 116 P CCSSll... 200 W! 109 108 Pittshure Coal.. 2.1C0 25 24 24 Pressed S Oar..' 2O0 37'4 36 36 Pull Pal car... "" i J( Reading ....... 35.600 169 16S 168 -Rapub t -St .. 601) 26 2ti 26. do prelerred.. 3''o 8'4 f's Rock Island Co 1.000 25 25 25 do preferred Til St L & S F 2 Pf 300 35 33 35 Seaboard Airline 23 do preferred.. 2O0 52 52 52 Sloss Sheffield .. 200 55 55 54 Southern Pac .. 1.000 111 111 110 Southern Ry ... 3,700 30 20 29 do preferred.. 200 80 so sn Tenn Copper ... 400 42 41 41 Texas & Pacllic. 100 23 23 23 Union Pacitic .. 18.10O 171 1704 11U4 do preferred.. 700 91 91 IU !4 C S Realty 100 S3 S3 S3 U s Rubber .... zoo nt ! "1 U S Steel 33.3flO 72 72 72 do preferred.. 700 113 112 112 Utah Copper ... 8.900 66 65 65 Va-Caro Chem.. 1.1O0 45 45 45 Wabash 400 4 4 4 do preferred. 16 Western Md ... 100 57 57 57 Western Union.. ; Sl Westing Elec .. 1,000 87 60 86 Wheel & LE 8 Total sales for the day, 230,000 shares. BONDS. Reported by Oyerbeck & Cooke Company, Portland. Bid. Asked. Amer. Tel. & Tel. conv. -4s 11.1 114 American Tobacco 4s 97 98 do 6s 120 121 Atchison Gen. 4s U6 97 do conv. 4s 106 110 do adj. 4s stamped S!l HO do eonv. 5s 107 110 Atlantic Coast' Line cons. 4s.. 94 95 do "L&Ncoir 4s 94 95 Baltimore & Ohio 3s 91 91 do 4s 97 97 Can. Southern first 5s 100 100 C. & 0. 4s 83 0" C. B. & Q. gen. mtg. 4s.,.,. 93 95 do joint 4s 96 90 do 111. 4s do Denver 4s 95 93 Central Pacific first 4s 94 94 Chicago & East. 111. 4s......,. 77 - 77 C. R.-I. & P. ref.. 4s 87 SS do Col. trust 4s 6S 69 Colo. & Southern first 4s 94 95 Denver ft Rio Grande 4s 80 90 Del. Hudson conv. 4s 97 98 Erie first cons. P. L. 4s S9 Int. Met. 4s SI 81 Japanese 4s 83 S5 do first 4s 91 92 do second 4s 91 92 L. & N. uni. 4s 97 97 Mo.. Kans. & Tex. 4s S3 86 Missouri Pacific 4s 75 New York central 3s 85 86 do L. S. 3s S0 81 New Tork City 4s -93 93 do 4s,of 1957 100 101 Norfolk & Western 4s 96 97 Norf. & Western conv. 4s. ...116 117 X Y. Ont. & West. 4s 92 92 Northern Pacific P. L. 4s 97 97 do 3s 68 68 Oregon Short Line 4s 92 92 Oregon Rv. & Nav. 4s S3 93 Penna. Ry. 4s of 1948 102 103 Phlliriine Ry. 4s 86 Reading gen. 4s 96 96 Republic of Cuba 5s 103 103 Southern Pacific first ref. 4s.. 3 93 do col. 4s 89 Southern Ry. 4s 78 78 St. L. S. F. ref. 4s 78 78 Union Pacific first 4s 98 99 do ref. 4s 95 96 U. S. Steel S. F. 5s 102 102 United States 2a registered. .. lol 101 do 2s coupon 101 lol do 3s registered 102 102 do 3s coupon 102 102 do 4s registered 113 114 do - 4s coupon 113 114 United Railway S. F. 4a 65 65 Wabash first 4 s 67 6.8 Western Union 4s 97 98 Westinghouse conv. 5s .. 9,i Western Pacific 5s 81 81 Wiicon.ln Central 4 91 92 Wet hoie 4s 100 Stocks at Boston. BOSTON, Sept. 4 Mining stocks closed as follows: Ailouex 46'Mohawk 68 Am. Copper ... 86 Nev. Con 22 A Z. L & S... 30iNiplsalng M. ... 8 Ariz Com 5 INorth Butte .. 33 B it C. S. M 6 North Lake .... 3 Cal 4 Ariz.... 82 iOld Dominion.. 59 Cal " A Hecla..545 Osceola 115 Centennial 22 Quincy 88 C R Con. Co... 58hannon 16 e" Butte C M. . 13 SuperIor 46". Franklin llw.2up- Bo- M" 1 Giroux Con. . fi 15-lo Tamarack 42 Granbv Con- ... 58 U.S.S.R.4 M. ... 45 Greene Can. 9 15-161 do pfd 50 Isle Rovale. C S5!utah Con. .... 11 Kerr Lake 2S I tah Cop. Co... 65 Lake Copper .. 3:Winona 5 La Salle Copper Wolverine 9S Miami Copper 29l Money, Kxchanre. Etc NEW YORK. Sept. 4. Money on call, strong. 3G4 per cent; ruling rate, 3: closing bid. .1: offered at 4. Sterling exchange weak, at S4.S365 for 0 dav Mils and at 14.8055 for demand. Time loans, strong ; 60 days, 4 ci 4 per cent: 90 days, 4 5 per cent: six month, 5 yer cent. t Prime mercantile paper, 5 per cent. ' Bar silver, 62 c Mexican dollars. 4Sc- Government bonds, steady: railroad bonds, easy. LONDON, Sept. 4. Bar silver, steady, 28 15-16d per ounce. Money !3f2 per cent. The rate of discount In th, open market for short bills ts 3 per cent; for three months bills, 3 per cent- ', SAN FRANCISCO. Sept. 4. Sterling on London. 60 days. 4.S3; sight, $4.86. Drafts Sight, lc; telegraph. 4c Condition of the Treasury. WASHINGTON. Sept. 4. At the begin ning of business today the condition of the United States Treasury was: Working balance In Treasury... gs.40o.i-o In banks and Philippines i?v-5'ii2 Total of general fund i- o?3 Receipts yesterday Vn'i'3ii Disbursements 4iV J-". The deficit to date this fiscal year 7-'-;-798. as against deficit of $20,642.o80 at this time last year. These figures exclude Pan ama Canal and public debt transactions. 'ew York Cotton Market. NEW YORK, Sept. 4. Cotton futures closed steady. 20 to 2T points higher. Sep tember, 11.09c: October. 1131c: November 11. 41c: December, 11.46c; January. 11.32c, February. 11.40c: March. 11-4..C'- May, .... -,, cn ..Inceri ntile.t-. Mid dling 'uplands, 11.60c; do, Gulf. 11.85c. No sales. - NEW ORLEANS, Sept. 4. Spot cotton middling. 11.25c. ALL LIVESTOCK HIGHER CHOICE STEERS SELL A QUAR TER BETTER AT STOCKYARDS. Advance of a Dime on Cows and Hogs and Sheep Bring Xickel More. There was a strong livestock market all around yesterday. The available supply was short of buyers' needs and except for a load of hogs everything was cleaned up by toe noon hour. Cattle, sheep and hogs sold at a higher range' of prices. A few prime steers brought $7.25. an ad vance of a quarter over the previous top price, bui most of the sales were at J6.65 to $7. A dime was tacked on the price of cows, two loads selling at S6.35. There was also a 10-cent advance in the hog market, tops bringing 9.35. at which figure two loads were disposed of. Another load sold at the old price of 9.25, and heavy hogs agam brought $8.50. The strength of the general market ex tended to the sheep division, yearlings scor ing a nickel advance to ?4.65. Lambs and ewes brought former prices. Receipts yesterday were 101 cattle, -7o hogs, 176 sheep and 26 horses. . , Shippsrs were: Flagg & StandNfer. Spo kane, 1 car of horses; G. W. Loveberry, Sa lem 1 car of horses; W. H. Steen, Blue Mountain. 1 car of hogs; G. W. Owen, Idaho Falls. 2 cars of hogs; W. O. Eddon. Terre bonne. 4 cars of cattle: A. B. Gale. Alrlie. 1 car of sheep and hogs, and B. Rose, Harrisburg. 1 car of cattle and sheep. The days sales were as follows: Weight. Price. j ho 336 SS.50 s E 2m 9.25 12 steers .. . 8 steers ... 29 steers . . . 6 steers . . . 13 cows .... 28 cows . . . . 2 bulls 1 bull 6 lamb. . . . 2 laml-s ... 22 ewes 1 ewe 51 yearlings 1 yearling . 1424 7.23 1105 7.00 1073 7.00 102S 6.35 11141 '6.35 1 390 4.00 1330 3.00 76 5.15 SO 4.75 108 3.75 ...... l'K 2.50 95 4.65 !Mi 4.63 19S 9.33 81 hogs 9.3; 2 hoi" 355 s..-.,, The range of prices at the yards was as Solteer. f'IP Good steers ? Medium steers - D i-'7 " Choice cows '-Z Good cows 2-oUW 5.5 Mdium cows .0 5.30 Choice calves 7.0OW 8. so Cnr.ll htavv calves ?. 00 6.50 1.30-S) 5.00 Bulls Stags 4.75 6.00 r ."h"."- 8.75 9.35 i&ivV s.oo s.so Sheep - . Yearling t" iiY'S, TVZ Wethers . i-5 5'?i Si 5:35 Omaha Livestock Market. OMAHA. Sept. 4. Cattle Receipts. 4400; market, steady to stronger. Native steers, $5.75 10.25: tows and heifers, J.i.i3, Western steers. 5r9: Texas steers. f4 S.ii0: cows and heifers. S3 0.50; canners, 2.Sj . . i,. fefders. 54 a 7.50: calves. $-!5UfeS.5o: bulls, stags, etc.. 4ig5.50 Heavy S&S.3o;' mixed, $3.1.W8.3U. Hht, S.0ii-8.45r Piss. $70$. buik of sales. S.la Sheep Receipts, 9600: market, active and stronger. Yearlir.es, $4.65 &, 5.23; aethers, $3.804.60; ewes. $354.10; lambs, t.ilO 6.90. Chicago Uvestock Market. CHICACiO, tfppt. 4. Cattle Receipts, 13.-000- market steady to 10c up. Beeves. J-.50 S 15; Texas steers, $4.75fc. 6.30; Western steers. $5.8o(&9.15; stockers and feeders, $4-2571. cows and heifers, $3(&S; calves, SHois Receipts. 19,000; market steady to 5c up. Light, tSOW.lO; mixea. it.wwv.yo. heavy i .uois is t o ; rvusu, .o "e-- 15 fi8.20; bulk of sales, $9.05(S-.0. Sheep Receipts. 34.000; market, steady. Native. $3.4O(?4.i0; Western, 3-50;4.to; yearlings, $4.50 "a 5.00; lambs, 4.bO(iJ .10, Western, $4. 60 ft 7.0. SAX FKAXCISCO PRODUCE MARKET Prices Quoted at the Bay City lor Vege tables, Fruits, Etc. SAN" FRANCISCO, Sept. 3. The follow ing produce prices were current here today: Fruit Apples, choice. 75c; common, 40c; Mexican limes, S5&5.50; California lem mons, choice. $oi common, J2; pineapples. $1 Hji2.30. Cheese Young America, 1516c. Butter Fancy creamery, 32c Eggs Store, 25c; fancy ranch. 31c. Vegetables Cucumbers, 0ig 40c; garlic, 23c; greeri peas, 43c; string beans, 2i53c; tomatoes. 20i&30c; eggplant. 35 60c; onions, 50tS70c. Hay Wheat, $2122.50; wheat and oats. VJ-20; barley. $1417; alfalfa, $U13.5. Potatoes Salinas Burbanks, $1.30; sweets, $1.75 2.25. . Receipts Flour, 2981 quarter sacks; wheat, 2031 centals; barley, 23.244 centals; oats, 4371 centals; potatoes, 8517 sacks; bran. 956 sacks; middlings, 110 sacks; hay, 2332 tons; wol, 203 bales. Metal Markets. NEW YORK. Sept. 4. Copper firm. Stand ard spot and September, 1 7.25 017.75; Oc tober. November and December, 17.32 17.73; electrolytic, 17i&17; casting, 17 W 6 174. Tin "easy. Spot, September and October, 47 947.37 fc. Spelter ilrm, T.25O7.50. Arrivals of copper at New York, 377 tons. Exports this month, 98 tons. Liocai sales, standard. 100 tons. London copper dulL Spot. 78 16 I 3d; futures, 79 7s. London tin easy. Spot, 216 5s; futures, 214. London lead 21 5s. London spelter 26, 15s. Iron Cleveland warrants, 64s 7d in London. Naval Stores. SAVANNAH, Sept. 4- Turpentine, 'firm. 38 38 ft c. Sales. 835 ; receipts, 6o3: ship ments. 1100; stocks, 37,800. Rosin Firm. Sales, 2434: recipts, 2417; shipments 3600; stocks, 9S.800. B, 16.30-a 6.35; D, $6-40: E, F. G, $6.45; H. 6.47 0 50: I. $ti.50(&6.52H: K. $6.65; M, $7.00; N, 17.25; WG. $7.75; WW, SS.20. Chicago Produce Market. CHICAGO, 1 Sept. 4. Butter Steady. Creameries, 23 2ftc ; dairies, 21 23c Eggm Steady : receipts, 14.133 cases ; at mark, cases included, 17Vfcc; ordinary firsts, 16c; firsts, 20c. Cheese Firm ; daisies, 15 16c ; twins, 1541314c; Young Americas, 15X10c; long horns. 15 16c. Dcluth Flax Market. DULTJTH. Sept. 4. Close: Linseed on track, $1.94; to arrive. $1.83; September. SI 82; October, 1.69 bid; November. $1.67 bid; December. $1.63 bid. Wool at St. Louis. ST. LOUIS. Sent. 4. Wool Steady. Ter ritory and Western mediums, '21 $j 25c ; fine mediums, .isftyuc; use, juiic. Dried Fruit at New Tork. NEW YORK, Sept. 24. Evaporated ap ples Quiet. i Prun es Fl rm . P each es S lead y. Hop at New York. NEW YORK. Sept. 4. Hops easy. State medium to choice . and Pacific Coast, 20 23c WHEAT RALLY DUE Market Turns Firm After Three Days' Decline. SUPPORT ON SOFT SPOTS Shipments Retarded by Wet Weather, AVhich Also Delays Harvesting in Canada Car Shortage Is Reported in Kansas. CHICAGO. Sept. 4. Firmnew In the wh.at arket today seemed to be based largely i n fHn that as the market had de clined three days in succession a rally was due. Closlne prices were lirm. Wheat finished at virtually the hiirh point of the day. There ras evident sup port on soft spots. Wet weather retarded shipments and delayed Canadian harvest operations. Owing to car shortage in Kan sas farmers there, it was said, were being advised to hold their wheat and stop thresh ing. ' This had considerable to do with pre venting the-market rrom aecunjng ai auj time more than c under last night. Corn closed g4c to IKe higher. " Oats closed at an advance of to c The outcome in provisions was a decline of 2MtC to 17c to 20c. The leading futures ranged as ioiiowb; WHEAT. Open. High. Ixiw. Close. Sept .92 f .2 .31 Dec .Kitt .2Vi .01 .82 H May 9(iii .9ti . .8614 CORN". Sept. '.... .72 .74'i .72 .T4H Dec 01 .5.-, .!4Wj .55 May ...... .03 .5414 .53 .o OATS. Sept. 31 .32 .31 .31(4 Dec 32 .32 .32 Vi .32 Vi May 34 .3i .31 .34 MESS PORK. Sept 17.70 17.70 17.30 17.55 Oct 17.S5 17.S5 . 17.60 17.6o Jan ll).32ii l!l.3." 19.15 1'J.li lard: Sent. .....'.11. 22 '4 31.22 11.15 H.l Oct. ..... .11.31' 11.30 11.20 11.22 Dec 10.95 lll.il.i J(J.Jt Jan 10.92 10.93 10.77 10.77 SHORT RIBS. Sept. 11. 00 11.00 10.95 10.95 Oct 11.12 11.15- 11-00 11.00 Jan 10.3.-, 10.37 10.15 IO.Ij Cash quotations were as ioiiowb: Flour Steady. Rye No. 2. 67 c. Barley Feed or mixing. 43g52c; fair to choice malting. 61itl7c. Timothy seed S3. 50 4.50. Clover seed X18fel7. Pork Mess. 17.62 17.75. I.ard In tierces, f.11.20. Short ribs loose. lUO-97. Grain statistics: Total .clearances of wheat and flour were equal to 767,000 bushels. Primary receipts were 1,979.000 bushels, compared with 1,244. 000 bushels the corresponding day a year ago. The world s visible supply, as shown by Bradstreet's, decreased 506.000 bushels. Estimated receipts for tomorrow: .Wheat, 297 cars; oats, 478 vara; hogs, 15,000 head. Minneapolis Grain Market. MINNEAPOLIS, Sept. 4. Close: Wheat. September. 87c; December, 90c; May, 94rfx94c. Cash: No. 1 hard. 90c: No. 1 Northern. SS89c; No. 2 Northern, IH9QS: No. 3 wheat. 81TaS4?i. Corn No. 3 yellow, 757tic. Oats White, 30&32c. ' Rye No. 2. 02C3C Flax J1.84. i Barl'y 34 (q 62c. Puget Sound Grain Markets. TACOMA, Sept. 4. Wheat, bluestem, 82 83c: club, 79&S0C. Receipts, wheat, 45 cars; barley, 1 car; corn, 1 car; oats, 2 cars; bay, 7 cars. SEATTLE Sept. 4. Wheat, bluestem, 83c; fortyfold. Sic; club, 81c; Fife, 81c; red Rus sian. 79c. Car receipts for the last three days: Wheat 112. corn 5, oats , barley 11, hay 40, flour 10, rye 2. Grains In San Francisco. SAN FRANCISCO. Sept. 4. Spot quota tions: Walla Walla, $1.00811.52; red Rus sian, $1.501.52: Turkey red, $1.55 1.57: bluestem, $1.55ft)1.574 feed barley, $1.451.47 ; white oats, $1.001.65; bran, $:M 57 24.50; middlings, $324(33; shorts, $27 627.50. Callboard sales: Wheat. December, $1.54 bid. Barley, December, 31.45; May, $1.48. T'.nrntann Grain Markets. LIVERPOOL, Sept. 4. Close: Wheat. Oc tober, 7s 7d; December, 7s 4d. Weather, cloudy. v English county markets, quiet. French country markets, weak. Change in Available Supplies. NEW TORK, Sept. 4. Special cables and telegraphic communications received by Brandstreet's show the following changes In available supplies es compared with pre vious accounts! Bushels Increase. Wheat, U. S., east of Pockies 1.216,000 Wheat. U. S., west of Roi.:-ies 241,000 Canada 2,123.0O0 Totals. U. S. and Canada . 'otib.ocru Afloat for and in Europe 900,000 Total American and European sup plies 1, 566, 000 Corn. U. S. and Canada 200,000 Oats U. S. and Canada 921,000 Decrease. MILLIONS ARE AT STAKE Possibilities ot One Washington County Pointed Ont. CHE HA LIS, Wash., Sept. 4. (Spe cial.) R. Green, of Bandle, was here Sunday, en route from Portland. On July 23 H. Johnson, a young civil engi neer of Portland, was drowned in the Cispus, his body Seing recovered but a few days ago. Mr. Green accompa nied the body to Portland. Mr. Green is interested in develop ment of extensive water power proj ects in Eastern Lewis County, on the Cispus River, and at PacKwood LaKe. Both are regarded as quite feasible and, when their development is finally ac complished, will require an investment of between $20,000,000 and ?25. 000,000. Eastern Lewis County, according to Mr. Green, and all who are familiar with its resources, is a treasure house awaiting rail transportation. Coal, Comparisons, as a rule, are odi ous, but there is an occasional exception. For example, com oare BITULITHIC pavement with other kinds. hj. INCORPORATED f) j . CONSULTING and PUBLIC SERVICE PROPERTIES . FINANCED and MANAGED SO Pine Street New York THE UNITED STATES NATIONAL BANK PORTLAND, United States Capital $1,000,000 NEW ACCOUNTS INVITED J. C. AINSW0RTH, President. R. LEA BARNES, viee-President R. W. SCHMEER, Cashier A. M. "WEIGHT, Asst. Cashier W. A. HOLT, Asst. Cashier National . Bank Capital, $1,000,000 Accounts Invited People new to Portland are cordially invited to discuss banking relations with us. A 0 Compound Interest ' Corner Fifth yO on Savings. and Stark. LADD & TILTON BANK Established 1859. Capital Stock . fl,000,0fi0.09 Surplus and -Undivided Profits 800,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, avail able in all parts of the varld. OFFICERS W. M . Lead, Pv-eetdcet. Robert S. Hownrd, A not. CeahieS shdward Conkicsbiuii, VteePre. J. W. Ladd, Asst. CaanSer. W. H. Dnackler. Caablcr. Waiter M. Ceek. Aat. Cmahle First National Bank Capital $1,500,000 .. Surplus 900,000 Oldest National Bank West of the Rocky Mountains THE LARGEST STEAMER IN THE WORLD New 45,324 Ton OLYMPIC AMERICAN LINE N. X. Plymouth, Cherbourg-, Southampton Atlantic Transport Line Mew Xork London Direct. RED STAR LINE New York Dover Antwerp Parla i WHITE STAR LINE New York Queenstown Liverpool N. Y.. Plymouth, Cherbourg, Southampton Boston Queen.town Liverpool Boston Mediterranean wj agriculture, mineral hot springs, gold, silver and copper mining, a wealth of timber and other assets are mentioned as Its main resources. The well-known tricolor of France date, from the revolution of 1783. New Calcutta GRAIN BAGS " Ready at PORTLAND. SEATTLE or TACOMA for immediate shipment upon receipt of order E.T.B. MILLS Agent for Importer Imperial Hotel, PORTLAND, OR. Write for Prices ESTABLISHED 1884 ' tfort). 'Macon & u?avia Railway, Lighting, Power, Water, Gas, Irrigation Construction Operation Reports 85 SECOKD ST.. SAN FRANCISCO. NEW YORK NEW ORLEANS J.C. WILSON&CO. STOCKS, BONDS. GRAIN AND COTTON MEMBERS NEW YORK STOCK EXCHANGE, NEW YORK COTTON KICHAXliE. CHICAGO BOARD OF TRADE. THE STOCK AND BOND EXCHANGE, SAN FRANCISCO. PORTLAND OFFICE: Main Floor Lumbermena Bank: Bldg. Fifth and Stark. Phones Marshall 4120. A 4187. TRAVELERS' GUIDE. AUSTRALIA AND NEW ZEALAND (rnion Line of N. Z.) SVDNETf VIA TAHITI AND WELLINGTOSj Direct through steamers, sailing from San Francisco Sept. IS. Oct. 16 and every a 8 days. The line to the Isles ot the South Seas. For reservations see Coupon Railroad Agents or address Hind. Rolph A- Co.. general agents, S7 Market St., San Francisco. Boston aieoiierraora" mwj i w . Company'. Office Boom "B" Bailer Building, Second and Cberry bta, Seattle, o loromw i .iwni Rallu-ar and SteamahiD Agent. OREGON Depository Surplus ' $1,000,00) SEPT. a vnnir Oct. 19-INOV. a Nov. 30 Dec 2 1 WHITE STAR-DOMINION Montreal Quebec Liverpool "MEGANTIC & "LAURENTIC" Larerst and Finest Steamer on fit, lAwreuce Koute Only Four Days at Sea TO EUROPE IN COMFORT AT MOD ERATE RATE3. Twin Screw S. S. "Canada" and "Teutonic" ONE CLASS (11J CABIN SERVICE THIRD CLASS CLOSED ROOMS Baggage checked through to Steamer In Bond. Embark night before laUlng, V-.. i-,r transfer HIl.Tllil 1 TRAVELERS' GUIDE. THINK OF IT $8.50 San Francisco to Los Angeles AND RETURN on Those palatial Steamers YALE or HARVARD Account O, A. R. Encampment. Sailings: September 8, 7 and 9. Tickets good until September 30. Ticket! now 00 sale. Make your reservations at once. Railroad or any steamer to San Francisco, the Exno City. Largest, fastest and the ONLY strictly Ilrst-claaa passenger ships on tho Coast Average speed 2S miles per hour; cost $2,000,000 each. SAN FRANCISCO. PORTLAND AND LOS ANGELES S. S. CO. I'ranlc Bnllam, Agent. Main 623. 128 Third Street A 4398. COOS-BAY LINE STEAMER BREAKWATER Sails from Alniworth Dock. Portland, at 8 A. M., September 2, 1, 12, 17, Tl, 27; October 2, 9, 10, 23. 30. Freight received at Alnsworth Dock dally up to 6 P. M. Passenper fare First-class, $10; second class. $7. Including berth and meals. Ticket office at Alnsworth Dock. Telephones Main 3000. A 2.1S2. Portland Coos Bay SS. Line, H. J. Mohr. Agent. EXPRESS STEAMERS FOR San Francisco and Los Angetea WITHOUT CHANGE 8. 8. BEAR, A. M., SEPT. S. THE SAN FRANCISCO & PORTLAND 8. S. Co. TUki-t Office 1.12 Third Street. Phone Main 2005, A 25.t). San Francisco, Los Angelas and Saa Diego Direct S. S. Roanoke and S. S. Elder Sail Every Wednesday Alternately at 6 P. M. NORTH PACIFIC S. S. CO. Ut A Third St. Phones Main Ul. A mi Drain to Coos Bay Auto Every Day. Wire Reservations te 0. MATT00N, Drain, Or. i