THE. SUNDAY OKEGONIAN, PORTLAND, AUGUST 13, 1905.
NEAR EXPORT BUS
Wheat Prices Decline in Amer
ica and Advance Abroad.
LOCAL MARKET VERY WEAK
Unsettled Conditions in the Butter
Trade First Car or Oregon Wat
ermelons ArrivesPeaches
Plentiful and Cheap.
"WHEAT Prices approaching an ox
port basis.
HOPS Growers decline to sell In
face or short crops.
FRUIT First Orogon melons arrlvo
by carlot. Pcaohcs are abundant.
BUTTER High prices bring In out
side makes.
EGGS Stocks large and buying lim
ited. POULTRY All receipts nro not
cleaned up.
"Wheat prices arc gradually declining to an
export basis, which brings the period of the
opening of the shipping movement apparently
close at hand. The Liverpool market of lato
has shown an upward tendency, while values
In the American markets have been lowered
In about the same proportion. Shippers yes
terday quoted club wheat at 71fJ72 cents.
Cargoes were Quoted In England at 31a Cd to
32s. At the latter figure, 71 cents here Is
practically the export value, but It is ex
plained that there 1a no demand abroad at
the top quotation calbed and no business on
foreign account is consequently being done.
Trading In bluestcm Is also light. Quotations
on this grade were made at 74676 cents. A
good deal of red wheat Is being offered on the
market on which values are quoted In come
cases at the priee of elub and In others a
full 5 cents lower. This wheat Is undesirable
for export and is in poor demand this oea
son. It fared well enough last year when
the Eastern movoment was en and Immense
quantities of It found Its way into Eastern
consumption.
A factor of muoh Influence on the world's
markets is the condition of the Russian crop,
of which contradictory reports are In circula
tion. A local exporter Is in possession ef
cable advices denying the ncv.fi previously
received of extonsive crop damage In that
countdy. Broomhalt's Corn Trade News of
July 25 says pf the crops In Russia and other
foreign countries:
Russia Unfavorable reports have been re
ceived this week In regard to the general
outturn of- the crops. A report from Odessa
referring to the crops in the south states that
a- fair average yield Is expected despite the
partial and total failures In some districts,
but returns received at St. Petersburg from
the local authorities In 26 provinces ray that
very poor crops are expected In various parts
of these districts. Latest advices from Rostoff
on Don 'speak of very large arrivals from the
Interior and a good business has been done In
hard wheats -to Italy.
United Kingdom The grain harvest is tread
ing "hard upon the hppls of the Haysel and
in some counties the ususual right, of hay
orks and grain sheaves can be een in ad
Joining fields. The cutting of wheat com
menced in several early districts last week.
In the Isle of Thanet on the 20th Inst., and
in Sussex on the 10th. If now, for once, we
could have a fortnight of settled fine -weather,
country millers would have a good supply of
natlvo wheat at their doors; but this would
be expecting too much. Judging from former
experience, a break in the -weather may be
confidently expected any day now and the
same tale of laid crops, drenched fields and
protracted harvesting will, In all probability,
have to be told again. The Mark Lane Ex
press looks for a crop of about 00,000,000
bushels off 1,800,000 acres.
Roumanla The weather for the harvest has
been ideal and a very fine wheat crop Is be
lieved to have been secured. In Wallachln
the yield la 150 per cent.ef an average; the
quality in some parts, however. Is not up to
the high natural weight expected.
Bulgaria A largo crop is believed to have
been ratbered.
Austria-Hungary Favorable weather has pre
vailed .for harvesting and threshing. In the
latter country the yield Is a good average,
but not up to the earlier expectations. The
corn crop is suffering from drouth.
India Reports of floods appear in the dally
press, but these arc probably of only local
Interest.
Australia The last reports received were
favorable, the new crop prospects being fa
vored by good rainfalls.
Argentina The weather continues favorable
for the new wheat and flaxseed. The Interior
and export movemont of wheat this week Is
emallcr, but corn Is moving very freely.
Prance Many complaints have been re
ceived this week of damage to the quality
by lodging and tho yiold In certain parts of
the south is rather disappointing and harvest
work is Blow from this cause. Tho Paris mar
ket has ruled firm this week, new-crop posi
tions being about lOd up on the week. A
correspondent at Dieppe says local millers are
not dependent on foreign wheat for grist and
should the weather hold fine the crop will
be gathered at the usual time and tho pros
pects are for a yield equal to last year's.
Italy The crop Is gathered everywhere and
with few exceptions tho result is regarded as
satisfactory. Com Is promising, but some
damage was caused by storms in Important
districts.
Spain The cutting of wheat continues, but
some Interruption has occurred in certain lo
calities, owing to thunder storms and hall.
Hopes of a fair yield have about vanlnhod;
the returns for some parts of Seville are caus
ing great disappointment.
Germany Harvest has been interrupted by
heavy rainfalls in parts and local damage
has occurred. Old rye Is now very scarce and
prices are advancing.
CONDITIONS IN BUTTER MARKET.
Importations From the East Already Offer
ing and More to Follow.
The butter market, while apparently strong.
Is beginning to show kn unsettled tone. High
prices In this city are bringing In the product
from outside the etate. Eastern' butter In
small quantities, brought In by way of Seat
tle, made Its appearance on Front street yes
terday. A full car from Minnesota Is due In
a few days, and a quantity of California but
ter will be on the market by Thursday.
One Front street, dealer, and about the only
one well supplied' -with state brands, jester
day quoted 30 centa on his goods, and the
agent of. a West Side Valley creamory put
out the same price. The city creameries are
all now on the 30-cent basl6. some of lhem
having advanced Thursday. The Eastern but
ter received yesterday was quoted, at 274
cents, but this price probably cannot hold.
The California butter, when It arrives, may
be put on sale at 25 cents, and If eo it will
bring down the price of Eastern, as the but
ter from the Southern State is fresh, while
the Eastern article s said to be storage but
ter. What effect these importations will have
on the price of the output of the local factories
remains ito be seen.
OREGON WATERMELONS SELLING.
One Car Arrive and Two More Will Be
on Sale This Week.
The delayed car of Oregon watermelons ar
rived yesterday morning from The Dalles. The
fruit sold Teadlly, although It was email.
averaging ten pounds. Two mere cars ef
fruit, averaging 20 pounds, were to ave left
The Dalles last night, and will be on sale
Monday morning. These tbreo cars are each
frem different shippers. One car of Ledl
melons arrived yesterday aftrenoon. and an
other car Is due today. These, with the local
shipments of Dalles melons, will aesuro a
plentiful supply for the early part ef the
week. Prices are unchanged at 1914 cents.
TIME TO CAN TEACHES.
Market Will Be Heavily Supplied. With Best
Grades This Week.
The coming week is the time for housekeep
ers to can their peaches fer Winter use. The
supply will be larger than at any later time,
and the quality of the fruit, the great con
sideration in this case, wilt be at Un best.
The market yesterday was heavily stocked a
full car from California arriving. In addition
to - big receipts frem local districts. Prices
had a wide range, running from 49 to 85
cents. Other varieties t fruit were in sut
flcJent supply and eold readily at former
prices.
Ceunty Fruit Inspector Reld yesterday con
dom nod two wagenleads ef diseased apples on
the East Side, and at the early market selred
ton boxes .and two sacks of apples and pears.
Some Poultry Carried Over.
Seme poultry was carried over yesterday.
The market was weak all the week. Re
ceipts were net unusually large, but for seme
reason the demand was net equal to that of
former weeks. Prices' yesterday were unset
tled by attempts to olean up, but actual
values show no change frem those quoted on
tho preceding day. '
Fresh candled eggs nro worth 22 cents, and
when the quality is all right there Is no ob
jection to the price, but buyers are not tak
ing any more than enough to fill their Imme
diate needs.
Grocery Notes.
Grocery jobbers do not believe that the re
cent advance in sugar marked the limit of
the upward movement and would not be
surprised If there was a further rise of 10
or 20 cents In the near future.
The outlook Is for a reduced output ef de
sirable grades of canned peas. Dry weather
In Michigan and Wisconsin has shertoned
the orep there and materially stiffened the
market.
There will also be a shortage in California
canned peaches and aprldet.
A local Jobber says: "People who don't buy
future corn and tomatoes at present prices
will regret it."
California advices report that fancy p4fk
beans are unobtainable.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $1)21.822 S 74.902
Seattle SSC.U70 16J.S64
Taoema 545.UDS 90,596
Spokane 578.355 115,735
Clearings of Portland, Seattle and Ta
ooma for the weok were:
Portland. Seattle. Tacoma.
Monday S06.S36 $ VO0.M4 $ 490.091
Tuesday .... 033.731 884.867 S17.61S
Wednesday '. 613.680 38,017 471.748
Thursday ... 711.102 727.840 442.18$
Friday 038.148 1)54.12 500.785
Saturday ... 021.S22 88S.W70 545,1)13
Totals ....(4,110,018 f5.lyC.40S f2.ttS0.31ff
Clearings for the corresponding week In
former years were:
. " ""'- Portland. Seattle. Tacoma.
1000 $1.889.10 $2,151,703 $ 874.163
1001 .., 2.002.43U 3,311.412 095.71)3
li)02 S-t 2.352.251 3.56S.0S5 1.S34.3S3
180S 2.S8S.7S2 8.8H7.710 ljS01.43K
11)04 X.24U,438 3.801.600 1.V07.209
PORTLAND QUOTATIONS.
Grain. Flour. Feed. Etc
FLOUR Tatenfs. J4.50ff4.H5 per barret;
straights. $'&4.26; clears. 3.7t.Q4; Valley.
$3.0u94.10: Dakota hard wheat. 1 tC.SWr.26:
Graham. $3.5004: whole wheat. $494.25; . rye
flour, local. (5; Eastern. $5.503. 00; comrocal,
per bale. $1.1)092.20.
WHEAT New club. 71972c per bushels; new
biuestem. 74g7Gc per bushel; new Valley, 78c
BAR LET Ol d feed. $21.1i0tf22 per ton; new
feed. ?202l; rolled. $23f24.
OATS No. 1 white feed. old. $28 per ton;
gray, old. $27; white, new, 323; gray, new, $22
per ton.
MILLSTITFFS Bran, $10 per tan: mid
dlings,, ( 21.50: shorts. 21; chop. U. S. Mills,
$10; linseed dairy feed, SIS; alfalfa meal. $18
ier ton.
CEREAL FOODS Rolled oats, cream. 09
pound Kicks. 46.75; lower grades. $696.23;
oatmeal, steel cut. 50-pound sacks, $3 per
barrel; 10-pound sacks, $4.25 per bale; oat
meal (ground), CO-pound tracks, 7.50 per
barrel; Impound sacks. $4 per bale; spilt
peas, $5 per 100-pound sack; 25-pow4 boxes.
$1.48: pearl barles-, $4.25 per 100 pounds; 26
pound boxes, $1.25 per box; pastry flour. 10
pound sackfc, $2.50 per bale.
HAT Timothy, old. $13915 per ten; new,
511 12.50; clover. $81). grata. $Sg9; cheat.
$7.5088.
Vegetables. Fruit, Etc
DOMESTIC FRUITS Apples 00 $2 per box;
peaches. 409R" per crate: plume. 76e9fl.09
per crate; blackberries, 596c Per pound; can
taloupes, $1.5tHf3 per crate; pears. $2.25 per
box; watermelons. 1?1Uc per pound; erab
appics, 50c por box; nectarines, 75c per box;
grape. $191.25; Casabas, $262.50 per dozen.
TROPICAL FRUITS Lemons, choice. $4.50
95.50; oranges, Valencia, choice $3; fancy,
$4 per box; grapefruit, $2.50$.ft per box; ba
nanas, 5 Vic per pound; pineapples, $2.5O3.50
per dozen.
FRESH VEGETABLES Artichokes. 50e
dozen; beans. l(?4c per pound: cabbage. If?
lfcc per pound; cauliflower. 75900c er dozen;
celery, 75tfS5c per dozen; corn. 5o975c per
bag; egg plant, l6l0c; peas, 25c per pound;
peppers. 15c per pound; tomatoes, 05ofi$l per
crate; equaeh, 5c pound.
ROOT VEGETABLES Turnip. $1.2591.40
per sack; carrots, $1.251.50 per sack; beets,
$191.25 per sack; garlic, 124c per pound.
ONIONS Red, $1.25 per hundred; yellow.
$1.25.
POTATOES Oregon, new, 65675c; Merced
sweets, 4c per pound.
RAISINS Loose muscatel. 4-crewn, 7"4e;
Mayer muscatel raisins. 74c; unbleached,
seedless Sultanas. 0c;, London layers,
3 -crown, whole boxes of f 20 pounds $1.85;
2-crown. $1.75.
DRIED FRUITS Apples, evaporated, Gg64c
per pound; sundrled. sacks or boxes, none;
apricots. 8469c; peaches, 09104c: pears,
none; prunes. Italian. 405c; French. 246fic;
figs. California blacks. 54c; do white, none;
Smyrna. 20c; Fard dates. 0c; plums, pitted. 6c
Butter. Eggs, roultry. Etc
BUTTER City creameries: Extra cream
ery. 274S30C por pound; state creameries:
Fancy creamory. 25Q30c; store butter, 14
154c
EGGS Oregon ranch, 22c per dozen; East
ern. 2021c
CHEESE Oregon full cream twins, 13c;
Toung America, 14c.
POULTRY. Average old hens, 124613c;
mixed chickens. 126124c; old roosters. 04
10c; young roosters, 116114c; Springs. 11,' to
2 pounds, 1401414c; 1 to 14 pounds. 1440 15r:
dressed, chickens. 13614c; turkeys, live, 180
19c; turkeye. dreseed. choice. 206224c; geese,
live, per pound. Gf?7c; geese, dressed, per
pound, OglOc; ducks, old, 13c; ducks, gray.
12c; white, 13c; pigeons, $16L25; squabs. $2
2.50.
Groceries, Nuts, Etc.
COFFEE Mocha. 20828c; Java, ordinary. 18
622; Costa Rica, fancy, 18920c; good, 169
iSc; ordinary. JO 12c per pound; Columbia
roast, cases. 100s, $13.75; 60s. $13.75; Arbuckle.
$15.25: Lion. $15.25. '
RICE Imperial Japan No. 1. $5.3715; South
ern Japan, $3.50; Carolina. 5664c; broken
head, 24c
SALMON Columbia River, 1-pound tails
$1.75 per dozen; 2-pound talis. $2.40; 1-pound
flats, $1.85; fancy, 1614-pound nm, $1.80:
14-pound flats. $1.10; Alaska pink 1-pound
talis. 85c: red. 1-pound tails. $1.30; eockeyes.
1-pound tails. $1.83.
SUGAR Sack basis. 100 pounds: Cube. $5.85;
powdered. $5.60; dry granulated. $5.50; extra
C. $5; golden C $4.00; fruit .sugar. $5.59; ad
vance over eack basis, as follows: Barrels.
10c; half-barrels, 25c; boxes, 50c per 100
pounds. (Terms; On remittance within 15
days, deduct 4c per pound; If later than 15
days and within 30 days, deduct 4c per
pound; no discount after 30 days.) Beet sugar,
granulated. $5.40 per 100 pounds; maple eugar,
ISfiISc por pound.
SALT California. $11 per ton. $1.00 per bale;
Liverpool. SOsf $17; 100s, $10.50; 20VS, $16;
halt-pound. 100s. $7; 60s, $7.50.
NUTS Walnuts. 13?ic per pound by sack, 1c
extra for less than sack; Brazil nuts. 15c;
filberts. 14c; pecans, jumbos, 14c; extra large.
15c, almonds. J, X. II, 16ic; chestnuts. Ital
ians. 15c; Ohio. $4.50 per 25-pound drum; pea
nuts, raw. 74c per pound; roasted. 9c; pine
nuts. 106124c; hickory nuts, 7c; cocoanutc, 7c;
cocoanuts. 35 90c per dozen.
BEANS Small white. 36Uc; large white.
314c; pink. 33Hc; bayou. 4e; Lima. 64c
Hops. W00L Hides, Etc.
HOPS Choice 1901, lTfiflflc per pound.
WOOL Eastern Oregon average best, 19
21c; lower grades, down to 15c according to
shrinkage; Valley. 25 6 27c per pound
MOHAIR Choice. 31c per pound.
HIDES Dry hides; No. 1. 16 pounds and
up. 106104c per pound; dry kip. No. 1. 5
to 10 pounds. 11 15c per pound: dry calf.
No. 1. under 3 pounds, 17 ISc; dry salted,
bulls and stags, one-third less than dry
flint; (culls, moth-eaten, badly cut. scored,
murrain, halr-cllpped weather-beaten or
grubby. 23c per pound less); salted hides,
steers, sound. CO pounds and over. 0010c per
pound; 50 tA 60 pounds. 8439c per pound;
under 50 pounds and cows. Sv9c per pound;
salted kip. sound. 13 to 30 pounds, 9c per
pound; alted veal, sound. 10 to 14 pounds.
0c per pound; salted calf sound, under 10
pounds. 10c per pound; (green unsalted. lc
per pound less; pulls, lc per pound lets).
Sheep skins: Shearlings. No. 1 "butchers'
stock. 25930c each: short wool. No. 1
butchers stock. 40630c each; medium, wool.
No. 1 butchers' stock. O0S0c; long wool.
No. 1 butchers' stock. $10L5O each. Murrain
pelts from 10 to 20 per cent less or 129
14c per pound; horse hides, salted, each, ac
cording to size. $1.503; dry. each, accord
ing to size. $191.50; colts' hides. 25650c
each; goat skins, common. 1015c each;
Angora, with wool on, 25c$1.30 each.
TALLOW Prime, per pound, 3Vi tMc; No.
2 and grease. 203c.
FURS Bear skins, as to size. No. 1. $2,500
10 each: cubs. $12; badger. 25950c; wild
cat. with head perfect, 25950c; house cat.
510c; fox. common gray, 50970c; red. $39
5; cross. $3015; silver and black. $1009
200; fishers $51? 6: lynx. $4.5096; mink,
strictly No. 1, according to size, $162.50;
marten, dark Northern, according to alzc
and color. $1015; marten, pale. -pine, ac
cording to Mxe and color, $2.5094; muskrat.
large. 10015c; skunk. 40 If 50c; civet or pole
cat, SQlOc: otter, large, prime akin. $6916;
panther, with head and claws perfect. "$295;
raccoon, prime, 30950c; mountain wolf,
with head perfect. $3.5063; coyote, 6c9$l:
wolverine. $09S: beaver, per skin, large $5
90; medium. $391; email. $19L50; kits.
50975c
BEESWAX Good, clean and pure. 200" 22c
per pound.
CASCARA SAGRADA (Chlttara bark)
Good. 3 3'. 4 c per pound.
GRAIN BAGS Calcutta. 774c
Irovlons and Canned Meats.
HAMS 10 to 14 pounds, 13Uc per pound;
14 to 16 pounds. 13ic: IS to 26 pounds.
13c: California (plcnlo). Oc; cottage hams.
9c; shoulders, 9c; boiled ham, 21c; boiled
picnic ham. boneless, 15c
BACON Fancy breakfast, 19c per pound;
standard breakfast, 17c; choice, 15c; Eng
lish breakfast, 11 to 14 pounds, Mtjc; peach
bacon. 13 Vic
DRY SALT CURED Regular short dears,
10ic dry 'alt, ll'-ic smoked; clear backs. 19c
do fait. ll?ic tracked; clear bellies. 14 to 17
pounds average, none; Oregon exports. 20 to
25 pounds average. llc dry salt. 12Xc
smoked: Union butts. 10 to IS pounds aver
age, none.
PICKLED GOODS rork. barrels. 1S: half
barrels. $9.50; beef, barrels, $12; half-barrels,
$6.50.
SAUSAGE Ham. 18c per pound; minced
ham, lc; Summer, choice dry. 174c; bologna,
long, Rac; welnerwurst. Sc; Hver, 6c; pork,
9c; blood. 0c; headcheese, 6c; bologna sau
sage, link. 4Vtc
CANNED MEATS Corned beef, pounds, per
dozen, f 1-25; two pounds, $2.85; six pounds,
$S. Roast beef fiat, pounds, f 1.25; two pounds,
$2.25: six pounds, none. Roast, beef, tall,
pounds, none; two pounds, $2.35: six pounds,
none. Lunch tongue, pounds, $3.15.
LARD Leaf lard, kettle rendered, tierces
lOKc. tubs 10ic: 50s lOKc 30s l"4c. 10s
HUc 5 U?t- Standard pure: Tierces 9HC
tubs Slftc; 5 Pfcc. 20 0V4C, 10s lSc 5s
10c Compound: Tierces 6c, tubs 6Uc; 60s
CVlc 10i Gftc, 5s die
Dressed Meats.
BEEF Dressed bulls, l2c per pound;
cows, 34c; country steers, 45c
VEAL Dressed. 75 to 12S pounds, 6tfi97c;
125 to 200 pounds, 46c; 200 pounds and up,
30 4 14c.
MUTTON Dreosed fancy, 6c per pound;
ordinary. fc
PORK Dressed. 100 to 150, 7fr7JSc; 150
and up. OS 7c per pound.
Oils.
TURPENTINE Cases, Sc per gallon.
WHITE LEAD Ton lots. 7e; 50-pound
lots. 7c; less than 500-peund lots, Sc
GASOLINE Stove gasoline, eases. 23Uc;
Iron barrels, 17c: S3 deg. gasoline, cases, 32c;
Iron barrels or drums, 26c.
COAL OIL Cases, 2014c: Iron barrels. 14c;
wood barrels. 17c; 63 deg.. cases, 22c; Iron
barrels. 15Uc.
LINSEEL OIL Raw. 5-barrel loU, 82c; 1
barrel lots. 63c; cases, CSc: boiled. 5-barrel
lots. Clc. 1-barrel lots, CSc; caces. 70c
MONEY GOES TO INTERIOR
NEW yV6RK BANK STATEJI EXT
'SHOWS LOSS OF GASIL-
Lonns Decreased by Cancellation!
Good Gain In the Item
of Circulation.
NEW TORK. Aug. 12. The Financier says:
This week's official statement of the New
York Araoclatcd Banks showed as eae fea
ture a greater Iocs of cash than was estimated
from the traeeabie movements of money. This
discrepancy was, however, looked for, because
of evidence during the week of an Indirect
movement of money, hence to the Interior
through operations incident to the transfer
by country hanks of excess collect ion j ef
internal revenue, which excess was paid over
by the eerrespendeat in this city of these
institutions to the local sub-treasury out of
their balances on deposit.
Another feature of the bank statement was
the dec rears of $6,272,300 In loans, which was
probably due to cancellations Influenced by
the comparatively low surplus reserves and
also for the reason that some Japanese money
that had been loaned In this market was re
mitted to London, thus causing paying off
of loans of these funds. The loss of cash re
ported In the statement was $1.KU.50. and
the reduction In reserve requirements, caused
by the decreaio of $10,(67,100 In deposits, was
$2,316,775; deducting from this sum the loss
of cash ns above, left $CS3,275 as the Increase
In Furplus reserve to $12,816,809. Computed
upon the basis of deposits, lees those of $5,433,
600 public funds, the surpluer Is 114.962.709.
It Is noteworthy that there was an Increase
of $977,200 In circulation, making for the
fortnight a sain in this Item of $1,662,900.
The statement did not show a good balance
the sum of the decrease in loans and of the
loss of cash being less by $2,201,300 than the
decrease In denoslts.
The statement of averages of the clearing
house banks of this city for tho week shows:
Decrease.
Loans $L138.S01.400 $6,272,309
Deposits 1,186.650.200 10.467.100
Circulation ... ... 50.467.500 877.200
Legal tenders S8.12O.6O0 1.220.200
Specie 220.391.000 718.300
Reserve 300.511. COO 1.933.500
Over required 396.664.600 2.616.775
Surplus 12.S10.S00 6S8.273
Deposits 14.932,700 6S2.500
Incrscse.
SUnlng Stocks.
SAN FRANCISCO. Aug. 12. The official
closing quotations fer mining stocks todav
were as follows-
Alta. $ -OajJustlce S .05
Alpha Con 05Kentuck Con 02
Andes lOlMexlcan LSti
Belcher MiOccfdental Cos... .87
Best & Belcher.. 1.25JOphlf 6.63
Bullion SSjOvcrman 10
Caledonia .'. 4lPotos! 0
Challengo Con... .lOlSavage .......... .60
Chollar lSjScorplon 10
Confidence .KSiSeg. Betcher. .... .00
Con. Cal. & Va.. 1.23'Slerra NeVada 3d
Crown Point OKjSllver Hill. 02
Rxchequer 50Unton Con 20
Gould & Curry.. .15Utah Con.... 05
Hale & Norcross l.eojYellow Jacket... .IS
Julia 07
NEW TORK, Aug. 12. Closing quotations
Adams Con $ .27Llttle Chief. .03
Alice
.55Ontario
2.00
Breece
Brunswick Con
.43 0phlr ..
.MiPhoenlx
C.50
.02
.06
.5S
.34
.30
L32
comstock Tun
OTIPotosl
Con. Cat & Va.. 1.201 Savage
Horn Silver. .
Iron Silver...
Leadvllle Con
1.75!Sicrra Nevada. .,
S.40lSmall Hopes....
.02Standard
BOSTON, Aug. 12. Closing quotations:
Adventure 4.7SMohawk $54.00
Allouez 34.00MonU C & C. . 3.00
Amalgamated. S3.C3lOlii numinisn c-r
Am. Zinc
10.001Osceoa 98.00
AtlanUc
Bingham
Cat. & Hecla. .
Centennial
Copper Range.
Daly West
Dominion Coal
Franklin .....
Granbr . .
Islo Royale...
Mass. Mining..
Michigan ....
IS. 00! Parrot rr.rjt
30.50jQulncy 103.00
675.00 Shannon 7.50
S5.25iTamarack 120.00
69.25Trlnlty s.30
14.00iUnlted Copper. 30.00
7S.00JU. S. Mining.. 33.13
1L73IU. S. Oil 10.23
7l.l3jUtah 43.23
225'Vlctorla 7.T
S.50fWlnona . 1L7.1
14-25( Wolverine .... 119.50
Wool at St. Louis.
ST. LOUIS. Aug. 12. Wool-Steady; Terri
tory and Wet tern mediums, 2SQ31c; flae me
diums. 23G20c; fine, ISflSo
WHY STOCKS SOARED
Wall Street Long Ago Dis
counted Crop Prosjxects.
BASIS OF THE PROSPERITY
Preparatory More f Speculators
Fully Warranted by Hcsult.
High Prices for Grain As
sured This Year. x
NEW YORK. Aug. 12. SpeolaL)-Wall
street speculation set out two months ago to
discount good crops and the rise In prices
that has occurred in this Interval looks for
Its Justification mainly in the figures given
out Thursday by the Government Bureau.
Undoubtedly the weight of Intelligent Judg
ment Is that the stock market's preparatory
move Is fully warranted by the result. It Is
now practically certain that a record crop
of corn will be gathered next Autumn: that
the wheat yield will have been exceeded only
once or twice before, and that crops of oats,
bay and minor grains will reach unusual
proportions. What Is of equal. If not great
er Importance, exceptional forces aro at
work to allow of these gigantic yields being
marketed at highly remunerative prices. Th
Eastern war has raised the demand for all
food 'products above the ordinary. Drafts
upon the Russian peasantry for military
servlco will be found to have curtailed th
wheat harvest of America's greatest com
petitor. At tho same time an unfavorable
season in India and on the continent of Hu
ropo threatens seriously to reduce the wbea
production of atl these countries. Adding to
this the depleted state of our own farm re
serves It 1 "easy to see why .prices In th
grain market aro maintained and this con
tinues to be in the face "of an even over
whelming new supply.
That the Western farm communities are
confronting another year of still greater pros-'
perity than those that have gone before -and
that the demands upon Eastern manufacturers
and upon railway facilities will reach new
high levels, are conclusions that are now
scarcely possible to avoid. In these general
facts Is the real reason why the question of
the denunciation of the trusts and other mat
ters of a possibly unfavorable nature have
failed to check the enthusiastic rise In the
stock market. In the presence of the tre
mendous crop figures, with all that they mean
for the future of the nation, other consid
erations have simply bad to stand aside a
being of inferior consequence. Conditions,
therefore, are of the brightest and there seems
little chance of any serious change In prices
for some time to come.
Disposition to sell and take profits, which
was manifest In the late trading of yesterday
on the stock exchange, continued today, and
an Irregular market resulted. The hesltaUon
ef the London market helped to this result.
The movement encountered good resistance at
the decline and was followed by an effective
reovery, but the realizing was renewed In the
late dealings and made tho dosing Irregular.
Some of the high-priced railroad stocks
which had made successful rocket movements
during the week fared rather badly In the
realizing .process, although their wide . declines
were not 'great compared with the preceding
upshoots. The selling seemed- to be prompted
by some uneasiness over the completion of
the bank statement. Judging by the re
purchases which set In after the appearance
of that document. It. showed all of . the ex
pected decrease In cash reserves, but the con
siderable contraction In the loan Item was a
total surprise. The demand ' for loans has
been sufficient, in fact. t6 resufc In hardening
the tone for money to carry out the end of
the year. It Is thought probable that the
irus, companies may have begun taking over
loans from the banks, thus accounting for the
reduction In the demand by the banks.
The reports from the peace conference were
also watched attentively, and the news that
the counter-proposition of the Russians was
taken under consideration by the Japanefto en
voys, which seemed to point today to further
negotiations, helped In the late recovery. The
large buying of Reading and Ontario &. West
ern kept up the tone of the market, but this
was offset at the last by the marked pressure
upon St. Paul and Amalgamated Copper. To
tal salts of bonds, par value, $SS5,MX.
Coafldence In the favorable outcome of the
grain harvests has been gaining strength for
some time past, but additional Importance Is
attached to the Government report of crop con
ditions as of August 1. as being the earliest
authoritative estimate which can be afely ac
cepted for the final marketing of the grain
crops. The showing of that statement, pub
lished at noon on Thursday, was accepted as
momentous In 1U extraordinary promise of the
agricultural prosperity of the season.
The Winter wheat crop now beyond dan
ger, and with the Spring wheat crop, which
remains exposed to only a modicum of dan
ger, promises a combined yield only second
to that of the banner year 1901. In ttjit
year It will be remembered thero was a seri
ous shortage In the corn crop, while the
estimated yield of com for this year Is of a
total far In excess of the largest previous
yield in tho country's history. The hazards
yet to come are greater for corn than for
wheat, but ths favorable weather conditions
reported from the corn belt go to strengthen
the opinion In favor of a record corn yield.
The outlook for cotton is more confused,
and fears persist of a possible shortage In
that crop. Reports of a bad outlook for
some of the foreign wheat crops aro factors
that Increase the promise of a favorable po
sition for this country In the marketing of
Its great crops and materially Increase the
feeling of hopefulness for the prosperity to
come.
Sentiment over the Iron and steel outlook
has been shaped by the statistical showing
of an Increase during July of the stocks of
pig Iron In spite of further curtailment of
output. The productive capacity of tho fur
naces rn operation In August has been in
creased nevertheless over that of July 1. and
this was accepted- as evidence of confidence
of the ironmakers In the maintenance of tho
demand. Largo orders are reported In the
meantime for all lines of finished products
and the United States Steel Corporation is
reported to be preparing to come ihto the
market for iron again next month. Copper
continues to advance in price and to be in
active demand for export.
News from tho peace conference at Ports
mouth has not affected stocks, but some of
the restraint on speculation is undoubtedly
due to the desire to await the decision of
the great questions thero being worked out.
The great accumulation of reserves in the
European banks is manifestly In preparation
for the capital requirements which may be
Involved in carrying out tho measures to bo
stipulated between the two governments in
conference or probably in part as a precaution
against the possible failure of the negotia
tions. Financial plans, tho outcome of tho
conference, it is felt, may well be reckoned
with as the deciding Influence in the course
of the markets thil Fall, and It Is not to
be hoped that any of the world's great money
centers will escape the effect of these causes.
The great ease of money In New York,
which has not been disturbed In the slightest
degree up to this time, is known to be owing
In no small part to the proceeds of Japanese
loans on deposit In New York.
Tho principal feature of the ttock market
was the new records attained of high-grade
railroad stocks. This movement Is suspected
of manipulative causes for effect on specula
tive sentiment But the fact is still recognized
that such manipulation must owe its success
to the tenacious hold of the great majority of
stockholders in these companies, who find no
temptation to part with their shares In any-
large volume even at the fancy prices to wmch
tho effective bidding in the market for smalt
quantities has carried their market quota
tions. The volume of the gold production as a
factor on high prices-' for shares and com
modities Is brought Into new discussion, and
the official -figures of the gold production at
the Rand In July, which has risen to 410,503
ounces, being in excess of the largest monthly
total received before the interruption of out
put by the .Boer war. The large output thti
Indicated Is to be reckoned with la Its effect
on the meaesure of values, with the fact that
tho rate of production la still r if Ins.
Bonds have been well absorbed during the
week, but the movement of prices has been
moderate. United States 2s advanced -s and
tho new 4s, "4 per cent on call.
CLOSING STOCK QUOTATIONS.
Closlns
Sales. High. Low. bid.
Adams 'E-rnrMji 235
Amalgamated Ca'nwr. 8 WO RtU. KtU MttVl
Am. Car & Founary-- 3.400 37 3d 3t?h
do preferred 200 904 90H iWi
American Cotton OIL 100 20Vi 23Vfc 20i
do preferred 92t
American Express 230
Am. Hd. & Lth. pfd. 300 "39ii 39Vv 3H
American Ice 200 2SU 23 Vi 27-i
American Linseed Oil - 17
do nrfrr? 40
L Art .... n T fWh iCV A Q itl
900 4SH 43 4a"
do TntTTA
100 111 111K 111H
Am. Smelt. & Refin.
do preferred
Am. Sugar Refining.
Am. Tobacco pfd...".
3,100 123Ti 129i 12Uti
-w jiUTt -.
100 144H, 144 144ii
700 09 DStf 9S
rA ii,t 11KU. lift
Anaconda Mining Co.
Atchison 6,000 S0i SOU SOU
do preferred 600 103li 103 103i
Atlantic Coast Line. 1.200 16SH 107 167,
Baltimore & Ohio... 9,000 llOVs USft
..... 1UU
Brook. Rapid Transit 2,600
ivdiu inumi ,cvi uTi iw;i wra
Canadian Pacific .... 11,300 159 15SU ISS?
Central of N. Jersey 300 2174 215 217
GO!
Central Leather
00 preferred
Chesapeake &. Ohio..
100 1041 lOtt, 104
8,700 561s 56 5tf
33
inicago ii. Alton
do preferred 78
Chlcaco Ht TV7trn K TOA 51U 21U 21 U
Chicago & Northwest. 900 223 222i 223
ChL, Mil. & St. Paul 8,300 1S3& 194& 184
Chi. Term. & Transit 174
do preferred 3S
a. c a & st. Louis 100
Colorado Fuel &. Iron 1,000 45 45U 455
Colorado & Southern 600 28 27& 27
do 1st preferred GUi
2f" 40 39T4
Consolldated Gas ...
Com Products
do preferred ......
Delaware & Hudson.
300 190i 190
200 0 0
i.500 217X5 213
190
S-K
41
216
460
32
87X1
it
S4H
75U
lS3i
200 4 fill 43
Denver & Rio Grande.
100 32&
700 S7Xf,
32
do preferred
Distillers Securities.
S7X4
42T.
48
84
300 43
Erie 22.800 4Si
co 1st preferred.. 2,700 S3
ao 'M prererred....
General Electric ....
Hocking Valley
Illinois Central
International Paper..
do preferred
International Pump..
300 75 7
75X4
500 1844 1S4
1.000 170 17S?i 175I
:i
200 SO 80
SO
53
do nreferrd '"
Iowa Central 2$u
do preferred so'
Kansas City Southern 2Gtt
do preferred ; 5Mi
Louisville &. .aehv.. 16,500 1504 1194 150H
Manhattan L 100 1664 1604 166
Met. Securities 100 S2V4 82 82U
Metropolitan St. Ry. 1.S0O 12S 127 127U
Mexican Onfral
1,100 224 22 22
200 1.T0U jsoIk isaxj
200 lOHXf, 1004 1B64
Ml. St. P. & S. S. M.
do preferred .v....
Missouri Pacific ....
Me., -Kans. & Texas
do preferred
National Lead
Mex. Nat. R. R. pfd.
New York Central...
N. Y.. Ont. & West.
Norfolk tc Western...
do preferred
North American ....
Northern Pacific ....
Pacific Mall
Pennsylvania
People's Gob
P.. C C. & St. L..
Pressed Steel Car...
do nrr Vi-r1
40U 1VZ lOIVi lOltfc
6.700 31H
304
314
t.-w u7a
3.100 49
1.100 30
S.700 154
2.000 55T1
2.500 S6i
100 01
604
33x4
153
54X4
86
6.4
4Si
304
1534
554
SOri
92
102H
2104
04
1.100 ire: 102
1,000 211H 200
10O 45V, 45-!
4-4
17.100 144i 14x4 144x4
iuu iuo liuta 1x0
100 SO SO SO
1.100 46X4 45S 74
95
2404 253
1074 109
Pullman Palace Car. 1.400 253
Reading 122.200 110
do 1st nrefrred
944
do 2d preferred....
Republic Steel
do preferred ......
Rock Island Co
do preferred
Rubber Goods
do preferred ......
St. L. & S. F. 2d pfd.
St. Louis Southwest.
do preferred ......
Southern Pacific ....
do preferred
Southern Railway ...
do preferred ......
Tenn. Coal & Iron...
Texas & Pacific......
Tel., St. L. & West.
do preferred ......
Union Pacific
do preferred'
V. B, Express
U. S. Realty ,
U. S. Rubber
do sref erred .
900
1.200
200
8,200
400
400
034
214
87
32T,
775i
35
924
214
S64
324
3o
3xi
214
S64
324
77-
33X4
104
63?i
24
eis:
600 6ST4 OS'S
600
624
60H
614
3.00O
65r
65T4
100 11ST4 1184 HSU
1.900 354 354 35
100
DO-H 0974 90X4
OOH 60V4 804
354 33 35
1,200
1,000
300
35x4 38 3
200
574 57X4
57Xt
18,700 133H 1324 1-124
as
123
93U
31.
1.100 034 934
110
U. B. Steel 17.100 364 3SU 36X;
do- preferred 14.500 101 104H 104i
nj.-uiro. .aemicau .
34
Wabash ............. '.'.Ill I'.'.'.'. 19X;
ao preierred
106
do PTf 1 !',
SCO 404 40
39T!
Wells-Fargo Express.
2(0
170
03S
16
284
SOU
v e-nungnouse Eleet..-
We stern Union
Wheeling U L. Erie.
Wisconsin Central ...
do preferred ......
700 i704 170
700 934 934
2.600
1.000
27 2x;
C6'l 56
Total ealea for the day, 410,700 shares.
BONDS.
NEW YQRK. Aug. 12. Closing quotations-
V. S. ref. 2s rcg.104
D. & R. G. 4s... 101
N. Y. C. G. 34s. 00 U
(Nor. Pacific 3s.. 7T
Nor. Pacific 4s..l03"i
do coupon 104
U. S. reg 103x4
do coupon 10R14
U. S. new 4s reg.!324lSo. "pacific 4s.'.'. 03
ao coupon u-iunion raciflc 4s.l0(
U. S. old 4s reg. 101 IWls. Central 4s.. 045
do coupon 104 JJajx Cs. -2d series 0l4
Atchison Adj. 4s 974'Jap. 44s, cer.... 02U
Stocks nt London.
LONDON. Aug. 12. Consols for money.
904: consols for account. 00 U.
Anaconda 6 "Norfolk & West. SS4
Atcnison i-l do preferred... 97
do preferred. ..10614
Ontario & West.
30
74 H
04
53t
4S4
Baltimore & O..1104
Pennsylvania
Can. Pacific 1624IRand Mines..
Ches. & Ohio... 574
Reading .
C. Gt. Western. 214
C. M. & St. r..lS04
DeBeers 17
D. & R. Grande. 334
do 1st nref
do 2d nref.... 4S
So.. Railway SOU
do preferred... 102
do preferred... SO 4
So. Pacific 6S
Erie 41liiUnIon Pacific. ..1304
do 1st pref-... 87 J do preferred... 100
do 2d pref.... 77 lu. S. Steel 374
Illinois Central. 1S44I do pref erred... 108
Louis. & Nash.. 154 4 (Wabash 20
Mo.. Kas. &. T.. Six. 1 do preferred... 42
N. Y. Central. ..15741
3Ioney. Exchange. Etc.
NEW YORK. Aug. 12. Prime mercantile
paper. 4fi44 per cent. Sterling exchange
firm, with actual business in bankers' bills
at $4.S670f4..S6SO for demand and at $4.84700
4.S4SO for 60-day bills.
Posted rates. $4.8348-1.874. Commercial
bill. $4.6444.S44.
Bar ellver, 55ic.
Mexican dollars, 46c.
Government borids steady.
Money on call nominal, no loans; time loans,
firmer; 60 days. 3 per cent; 00 days, 3x4 per
cent; six months, 4 per cent.
LONDON, Aug. 12. Bar sliver, firm. 274d
per ounce. Money. per cent. Tho
rate of discount in the' open market for
short bills Is 2 per cent; the ra.te of discount
in the open market for three-months bills
Is 2621-1C per cent.
SAN FRANCISCO. Aug. 12. Silver bars.
504 c. Mexican dollars, nominal. Sight
drafts. 3c; telegraph drafts. 5c Sterling on
London, 60 days. $4.83; sight, $4.87.
Dried Fruit at New York.
NEW YORK. Aug. 12. Evaporated apples
for future delivery are higher and spot quo
tations rclo strong. Common to good are
quoted at 5e8Uc; prime, 7c; choice. 74c;
fancy. Sc
Future prunes ore said to be on a 34c
basis and spot quotations range from 44
64c. according to grade.
Apricots are quiet but firmly held with
choice quoted at SSUc; extra, choice, 849
84c; fancy. 94 10c.
Peaches are in very small supply with
fancy abgut the only grade available on
spot. This is firmly held at II 4c
Raisins are firm. Loose Muscatels are
quoted at 440 64c; London layers, $19
L15; seeded raisins, 5U074c-
Dairy Produce In tho East,
NEW YORK. Aug. 12. Butter quiet. Cheese
and eggs unchanged.
CHICAGO. Aug. 12. On the Produce Ex
change today the butter market was steady.
Creameries. 1720c; dairies. 16lSc
Egga Steady at mark, 154c; firsts. 174c;
prime, lS$lS4c; extras. 21c
Cheese Strong. 11 6114 C
Metal Markets.
NEW YORK, Aug. 12. Business was very
quiet as usual in the absence of cables and
the markets for metals ruled generally Arm
on light offerings. Lake and electrolytic
copper was quoted at 154Q154c; casting.
154 6134c Spot tin firm at 32.50 S 33c.
Lead quiet at 4.6064.70c Spelter at 5.70
5.73c No change is reported in iron.
London Wool Arrivals.
LONDON, Aug. 12. The arrivals of wool
for the fifth series of auction sales amount
to 4S.115 bales. Including 10,100 AsierVcan,
Downing, Hopkins & Co.
Established 1893
WHEAT AND STOCK BROKERS
Room 4, Ground Floor Chamber of Commerce
M FROM START
Wheat Market at Chicago
Closes at a Loss.
ALL THE' NEWS IS BEARISH
Scmi-Offlclul Report on Russian
Conditions Contradicts Alarming
Rumors Favorable Weath
er in Northwest.
CHICAGO. Aug. 12. The wheat market
was weak from the start. With no news of
a character to inspire active demand, prices
grddually sagged. At the opening the Sep
tember option was pff VtQHc at S24&S24c
rit traders and commission houses were lib
eral sellers. The main reason for the sell
ing was a cablegram from an English crop
statistician stating that according to a semi
official report, the condition of the Russian
Winter wheat crop Is generally above th
average. This discrediting of alarming
rumors current yesterday developed a selling
movement. The domestic situation was con
sidered favorable to the bears, the majority
of reports from the Northwest giving glow-
ln-c accounts of the condition of tho new
crop. For September the lowest point of th
day was reached at SlUc. Late In the ss
slon prices rallied slightly on covering by
shorts, but the close was weak with Sep
tember at SlX4Slic.
The corn market closed weak with prices
at the lowest point of the day. September
opened unchanged to He lower at 3iy,1i
54c sold off to 53c and closed at th
bottom.
The oats market closed at 26&264c for
September, or about the lowest point of th
day. -
Provisions were a trifle easier. At the
close September pork was unchanged at
$14,274: lard was a shade lower at 47.7744?
7.S0: ribs were unchanged at $3,574.
The leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
September $ .824 $ .S24 $ .81 $ .81
December S3"i .S, .824 .83
May 864 .864 .85 .8514
CORN.
Sept. (old) 4?4 .54 .5 .54
Sept. (new) 54 .54 .5S .53
Dec (old) 4S"h -4Sh .47 .47Ti
uec wewj 41154 .4tt .46 .45
May 45 .45s .454 .454
OATS. '
September - 264 .264 -26" '.20
December 27 .27 ,26"i ' .27
May 20 .20 .2ST6" .20
MESS PORK.
September 14.25 141274 14.25 14.274
October 14.25 11.30 14.25 14.30
LARD.
September 7.524 7.S24 7.774 7.S0
October 7-024 7.024 7.87 7.874
SHORT RIBS.
September 8.574 S.574 8.55 8,574
October 8.674 S.674 S.624 8.674
Cash quotations were as fellows:
Flour Steady; Winter patents. $4.2i.30;
straights, $461.10; Spring patents. $4.8596.40;
straights, $3.5094.85; bakers'. $2.4093.40.
Wheat No. 3 Spring. 5905e; No. 2 red,
S04SSi;ic
Corn No. 2. 554c: No. 2 yellow, 56c
Oats No. 2. 26c; No. 2 white. 20iC3c; No.
3 white. 2627He.
Rye No. 2. 57Vi.
Barley Good feeding, SSfiOOc; fair ta choice
malting. 42$ 44c.
Flaxseed No. 1, $1.06; No. 1 Northwestern,
$1.16.
Timothy seed Prime, $3.35.
Mess" pork Per barrel, $14.2514.30. -
Lard Per 100 pounds. $7.75.
Short rih.i sides Loose. $S.45iS.55.
Short clear sides Boxed, $S.75S.S74.
Clover Contract grade, $12.25 .
Receipts, Shipments.
Flour, barrels 28.400 12,500
Wheat, bushels 234.800 70.400
Com, bushels 181.000 733,r00
Oats, bushels 485.800 241,100
Rye. bushels 8,000
Barley, bushels 16,500
Grain and Prod 11 co at New York.
NEW YORK, Aug. 12. Flour Receipts.
13.235 barrels; exports, 15,714 barrels. Dull
and barely steady. Winter patents. $4.30
3; Winter straights. $4.1564.40; Minnesota
patents. $5.255.75; Winter extras, $3
3.43; Minnesota bakers. $3.754.13; Winter
low grades, $2.0093.40.
Wheat Receipts. 43.000 bushels. Spot,
easier. No. 2 red, SO 4 c, elevator, and
S74c f. o. b. afloat; No. 1 Northern Duluth,
$1.10 f. o. b. afloat. Throughout the day
wheat was weak and heavy, the close being
lc net lower. May closed at 80. Septem
ber at 864c and December at SSc.
Hops Firm. Pacific Coast. 1004 crop, 20
23c; 1003. 1820c; olds. 1012c
Hides Firm. California, 21925 pounds,
10c
Wool Firm. Domestic fleece, 35630c
Grain at San Francisco.
SAN FRANCISCO. Aug. 12. Wheat, eas
ier; barley, easier.
Spot quotations Wheat: Shipping, $1,459
1.53; milling. $1.574 61.674- Barley: Feed.
$161.0354; brewing, $1.0561.074. Oats:
Red. $1.1561.40.
Call-board sales Wheat, December, $1,374.
Barley, December, $1. Corn, large yetiow,
$1.374 0L124.
Minneapolis Wheat Market"
MINNEAPOLIS, Aug. wl2. September
wheat closed at 836834c; December at
82U6S2c; No. l hard, $1.10; No. 1 North
ern. $1.03; No. 2 Northern. $1.03.
Wheat at Liverpool.
LIVERPOOL. Aug. 12. Wheat September,
6a 8d; December, 6s 7!4d; March, nominal.
Weather In England today was cloudy.
LIVESTOCK MARKETS.
Prices Quoted Locally for Leading T.lnca
Yesterday.
The following prices on livestock were quoted
In the local market:
CATTLE Beet Eastern Oregon steers, $3.00
3.25; good cows, $2.0062.50; common cows,
$1.5061-75; calves. 125 to 150 pounds. $5.00;
200 to 250 pounds. $3.3061.00.
SHEEP Best Eastern Oregon and Valley.
$3.25; medium. $3.00; lambs. $4.50.
HOGS Best large fat hogs. $6.2566.50; Mock
and China fat. $6-0066J!5; good feeders, $5.00.
EASTERN LIVESTOCK.
Prices Current at Kansas City, Omaha and
Chicago.
.CHICAGO. Aug. 12. Cattle Receipts 300;
market steady. Good to prime steers, $5.75
60; poor to medium, $3.80 63: stockers and
feeders. $2.2361.23; cows. $2.23 4.25; heif
ers. $2.2561-30; canners, $1.2562.10; bulls,
$266.50; calves. $3 6 6.50; Texas fed steers.
$3.30 4.-0; Western steers. $3.50 64.50.
Hogs Receipts today, 17.000; tomorrow.
17.000; market 10c higher. Mixed and butch
ers, S3.S0O6.374: good to choice heavy.
$6.1066.35: rough heavy. $3.73 6 6.05; light.
$666.40; bulk of sales. $5.93 6 8.30.
Sheep Receipts 1300; sheep and lambs,
steady. Good to choice wethers, $4.70 6 3;
fair to choice mixed, $161.50; Western
sheep. $465; native lambs, $3.2367;, West
ern lambs, $667.
SOUTH OMAHA. Aug. 12. Cattle Re
ceipts 1780; market steady. Native steers.
$3.5093.55; cows and heifers. $2-733.23.
Western steers. $666.43; canners. $1,756
3.30; stockers and feeders. $3.254.25;
calves. $3 93.30; bulls, stags, etc, $2.256
2.73.
Hogs Receipts 5100; market 3e higher.
Heavy. $3.5095.75; mixed. $5.70 95.05; light.
$5.0096.05; pigs. $4.7565.73; bulk of sales.
$5.009 6.
Sheep Receipts 700; market strong. West
erns, $5.05 9 5.50; wethers. $4.6095.10; ewes,
$4.2561-00; Iambs, $6.4096.S3.
KANSAS CITY. Aug. 12. Cattle Rscelpts.
100; market steady. Native steers, $9..76
5.50; stockers and feeders. $2.7394.25; Western
steers, $3.5064.00; Western coww, $2.6093.75.
Hogs Receipts, 2000; market 5c higher.
Bulk of sales. $6.0596.15; heavy, $5.059d.K;
packers. $6.0566.15; pigs and lights, $6,036
6.15.
VVHYHOP MARKET IS STRONG
BREWEIIS HAVE USED UP ALL
THEIR EXTRACT AND OLDS.
New Crop, n Light One In America,
"Will Come on n Practically
Bare Market.
PORTLAND. Aug. 12. (To the EdltorJ
After another week of hesitancy on my part
as to lowering my former estimates of the
American crop of bops. I now feel Justified
in believing that the existing light-crop condi
tions of New York. California and Oregon
will cause good prlees to rule here for the
1005 crop, rcgardlen of any oondttloos in
England or Germany.
There Is ono vital point, and one well
worthy of due consideration, which is this:
One year ago the first of May, there wer
old-oids and hop extracts, all equivalent to
30.000 bales of hops, mostly owned by brew
ers throughout the East. The brewers have
been working up this stock for the past vcar,
until today It is practically out of existence,
and the American brewers will have to havn
and will use 30.000 bales more of the 1003
crop than they did of the 1004 crop. Only for
this old stock of hops and extract in ex
istence last year, there would have been a
demand long ago for every bale of 1004 hops
now left here.
As to the size of the foreign crops, it mat
ters little how large or how small they are.
as far as 20 to 27-cent prices are concerned
here, taking our short-crop conditions into
consideration.
It is now becoming a well-known fast that
my reports of short crops In New York and
California of three weeks ago were absolutely
correct. I still adhere to my old tlgures on
New York State of 40.000 bales for 1DU5. 45.000
for California, and not to exceed 80.000 bales
In Oregon.' and 40.000 bales in Washington.
I am thoroughly convinced now. after per
sonally Inspecting a great many yards In dif
ferent sections of Oregon, that the dry and
hot weather of the post month has shortened
the crop roost seriously, and It will come dawn
away below the expectations of some who new
feel sanguine of 00.000 to 100,000 bales In tha
state.
The future Is very bright for good price
for the 1D06 and 1007 crops, as there wilt bo
no surplus carried over from the 1005 crop,
for. in fact, we will not have enough hops
for our own consumption. Accordingly, it 1
almost as strong a situation today as a year
ago. While dealers realize this fact, they
are In so deep on the short side that they
arc loth to acknowledge tho true oondltlene.
but are waiting for some unforeseen circum
stance to arise to turn tho tide In their favor.
The true conditions have become eo well
known here In America now that some of tho
shorts have turned their attention to Eng
lish cables from houses that are also en the
ehort side of tho market in England, and are
using them to force the market down here.
But It's all of no use. as our own crop con
ditions are so flattering for a decidedly short
crop that the large or small crop of potatoes
In Alaska Is uninteresting reading to we be
lievers of higher prices. Twenty cents is now
freely offered for 1005 contracts In New York,
and nothing can be done at this figure. Th
brewers of the entire world are devoid of
stocks of all ages and descriptions. Conse
quently we are approaching the 1003 crop
with the smallest surplus stock of bops in
evidence since 1870.
If the English market should open around
14 to 17 cents, tho English brewer would at
once lay In a two or three years' stock, there
by quickly absorbing the crop.
Do not offer your 1005 crop for sale until
October, la my humble advice.
E. J. SMITH.
HOr TRADING AT STANDSTILL.
Unfavorable Crop News From Various Sec
tlons Holds Growers Firm.
The bop market Is at a standstill In this
state, as growers, following closely the re
portt of short crops in other sections of
America, and knowing the actual conditions in '
Oregon, refuse to be attracted by the prices
offered by dealers. Some trading has been re
ported In Washington, but there is a. deadlock
between buyers and sellers In this state.
Only favorable reports have heretofore been
received from the English crop, but lower
estimates are now coming through. A cable
received from London yesterday said: "0ln
iens differ widely on estimates of English crop
from 400.000 to 500.000 hundredweight. Old
hops In good demand at 120 to 125 shillings."
A cablegram received from Nuremberg yes
terday said: "German crop no larger thaa
last year; probably & little less."
A wire from Watervllle. N. Y.. was as
follows: "Estimates steadily being lowered
on state crop, which In a top one flxureti
around 400O bales now freely discussed."
Another telegram from New York Citr said:
"Late estimates of state crop. 43.000 to 30.000
bales."
A report was received from California as
follows: "Nineteen hundred and fours la
strong demand, with advancing tendency.
Dealers offering to contract for 1005 crop at
16 cents, without suceess. Estimate of yield.
45.000 bales."
A letter received yesterday from Scth Par
sons, a large dealer" of Sharon Springs. N. Y..
says:
"New York State has a light top crap of
hops, fully one-third below tho 1004 yield.
But up to date in this Immediate vicinity thera
is nothing against the making of good quality.
If New York State puts out 50.000 bales In
1005 she will do a big thing. Personally I
do not think the crop will exceed that of 1003.
which 'was not over 40.000 bales."
A letter received from J. J. Slattery. a
dealer of Malone. Franklin County, N. Y..
eays:
"Hops are a top crop here, and my esti
mate of the state Is 50.000 bales for 1003.
There is a good sprinkling of lice and honey
dew, and many of the larger growers are
spraying.
Thomas Shields has contracted one-half of
his 1005. 1006 and 1007 crop to H. F. Fox. of
New York, at 20 cents for 1003, IS cents for
1C06 and 16 cents for 1007."
Coffee and Sugar.
NEW YORK. Aug. 12. The market for
coffee futures closed quiet, net unchanged
to 5 points higher. Total sales were 72,750
bags. Including: September. 7.05c: Decem
ber, 7.30c; January, 7.40c; March. 7.33c:
May, 7.03c Spot Rio, steady; No. 7 In
voice. Sc; mild, steady; Cordova. 10613c
Sugar Raw, Arm; fair refining, 34
3'17-32c; centrifugal. 06 test, 4c; mo
lasses sugar. 3x4 63 0-32c; crushed. $6; pow.
dered. $5.40; granulated. $5.30.
New York, Cotton Market.
NEW YORK. Aug. 12. Cotton futures closed
quiet. August, 10.30c; September, 10.3Sc; De
cember, 10.62c; January. 10.60c; May, 10.S2c