Image provided by: University of Oregon Libraries; Eugene, OR
About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Oct. 21, 1906)
38 THE SUNDAY OREGOXIAX, PORTLAND, OCTOBER 21, 1906. SUPPLY NOT GREAT Cranberry Market Has an Up ward Tendency. PRICES ARE VERY STRONG Mocks in the East Are "ot Likely to Last Beyond the Holi days Advances in Lemons. CHANBERR1ES All markets are stronir. POTATOES Good .hipping de mand. CANNED GOODS Light delivery of solid pack tomatoes. PROVISIONS Advances In lams, dry salt and lard. FRUIT Lemons are higher. Despite attempts that are being made to depress the cranberry market, it can be stated positively that the price basis is very firmly fixed. If any change in values occurs, the trade expects an advance before a decline. All authentic advices from the East report a very firm feeling and this has been reflected by the advance announced a few days ago by the II waco Company. One of the leading authorities in the cranberry market places the total Cape Cod crop this year at not to exceed 200,000 to 215.000 barrels. Nearly three-fourths of the crop is composed of Early Blacks. Total shipments from Cape Cod in 1904 were 206,877 barrels, and in 1903, 204,000 barrels. With the Increased consumption this year the Early Blacks have been cleaned up and are now practically un obtainable. For many years there has not been a like situation, as Early Blacks from Cape Cod usually continue in sup ply until about November 1, and some times as late as Thanksgiving. The Jersey crop is reported to be fall ing short of estimates and may not ex ceed 100.000 barrels. The Wisconsin crop is about 38,000 barrels, and the bulk of it has been disposed of. In the opinion of the authority mentioned, if the percent age of increase in consumption that has been noted in the past 30 days continues, the supply of cranberries in the United States will not be equal to the demand sufficient to last beyond the holidays. LEMONS AGAIX SOARING. Good Shipment or Oregon Apples Forwarded to Shanghai. The lemon market is showing great strength. Wires .from the East report sales at New York and Philadelphia at $9 and $10 per box. The California mar ket Is consequently advancing. A car of Leffingwell lemons Is due here Mon day or Tuesday and will be quoted at $7.50 lor the X.X.X. and $7 for the E.E.E. A large shipment of Oregon apples was made to Shanghai yesterday, the lot go ing by the Portland & Asiatic liner. It comprised 145 boxes of Spitzenbergs and 105 boxes of Baldwins. Forty boxes of oranges were also forwarded. Three cars of bananas arrived yester day afternoon. Grapes were scarce. POTATO MARKET STRONG. Good Shipping Demand for Fancy Oregon Stock. There Is a strong shipping demand for fancy potatoes and an average of 40 cars a week are going South from Ore gon, a very good showing for so early in the season. Shippers are paying $1 and $1.05 for the best stock that will enter into competition with Salinas and about 75 vents for potatoes that will sell against rivers In the Southern markets. Light crops on the coast seem to assure good prices for the remainder of the season. The crop of early Oregon Burbanks, ,uch as are being handled now, has turned out short, while only an average crop of the later sorts is promised. Deliveries Will Be Short. Advices received from the largest packer of fine canned goods in California are to the effect that deliveries of solid pack tomatoes will not be over 60 per cent this season. In many instances it was Impossible to get tomatoes picked that had been bought, owing to the scarcity of labor. Advance in Provisions. Another marked advance in provisions is to take effect Monday morning. The heavy consumption and lightness of stocks is responsible for the rise In prices. In the new list half cent advances will be quoted on hams, dry salt cured meats and pure and standard lard. Country Produce Quiet. The market for country produce was quiet and unchanged. Very little poultry was carried over. Egg receipts were moderate. There was a fair movement in butter. Bank Clearings. Bank clearings of the leading cities of the KnnhwAst veaterdav were: Clrinsrs. Portland BS9.8M Seattle - l,4H2.Ml Taroma 7l.2v Spokane .- S2,2;l7 Balances. . 177.2.'17 ltU.051) 68.948 85.930 Clearings of Portland. Seattle and Tacoma for the week were: - Portland. Seattle. Tacoma. Monday fl.MO.4IH $2.K17.tS 94.401 Vumday I.1M.PM 2.22i.3 MJ.tWrt Wednesday ... l.llM.098 2.HB.702 SS1.871 Thurs.lay 1. 022. S3 1 1.7.19.22:1 77.VWO Fridav 1.0.V4.3.1S 1.272.IWO I i.V1.27 -aturiav S5B.859 1.432.541 72S.2SO Totals . . .$,7S.4P 1 11,674,444 f 4.776.813 Clearings for the corresponding week In for mer years follow: Portland. llKil f2.22S.87S I0O2 ;l.tvtti.228 loo; 3.9.7t8 11HI4 4.2.vi.oso 180&. 6.710.900 Seattle. Tacoma. f.i.o.M.8KT fi.nno.rjo 4.9S4.875 1.4B2..170 4.2.17.MI 4.M8.075 6.2J0.346 2.O04. 7S3 2.3V4.27 3.420,373 FOKTLAXD QUOTATIONS. Grata, Flour. Feed. Etc.. FLOUR Patent. t3.904.10 per barrel: tralghts. f3.103.eo: clean. f3.1O03.23: Val ley. $3. 40tf3. 60: Dakota and nard wheat, pat ents, f&tt6.60: clears, f4.103P4.SS; graaara. $3. SO: whole wheat. f3.?5; rye flour, local. $5; Cutern, fo49&.5; cornmeal. per bale, fl.soG 12. 2U. WHEAT Club, 64c; bluestem, 68c; Valley, 57c; red. 61c. OATti No. 1 white, $24 24.50; gray, $23 10 23. .10. BARLET Fee. 120. 00 per tea: brewing, 21. 0; rolled. $23. RYE fl.334rl-40 per ewt. CORN Whole, 20.30; cracked, $26.S0 per Ion. MILLSTUTTS Bran, city. 114 50: country, 115 60 per ton: middlings, $24: shorta, city, 116: country. fl7 per ton; chop, U. S. Mills, 115.60: llneeed dairy food, fl8; acalla meal. La per ton. CSREAL, FOODS Rolled eata, cream. 90 sound sacks, f7: lower grades. fo.5ifl&.73: tmeal, cut. 60-pound sack, fj per barrel; 10-pound sacks. f4.25 per bale; oat sieal (ground), to-pound sacks, $7.&0 per Oarral: 10-pound sacks, f4 per bale: split tta.3, fa per luo-pouod sacks; 6-pound boxes. tl.40; pearl barley. $4.28 per 100 pounds: 25 pound botes, fl.25 per box: pastry flour. Im pound sack. $2.50 per bale. HAT Valley timothy. No. I, $10911 per ton; Eastern Oregon timothy, $141: clo ver. f6.507: cheat. $77.50: rraln hay. 7; alfalfa, fll.50: vetch hay. $7 7.50- Vegetibleo, Fruits, Etc, DOMESTIC FRUITS Apples, common to Choice, 23$75c per box: choice to fancy, 76o rl.23; grapes. fll.oO per crate; Concords, Oregon, 27c half, basket. Eastern, 3035c per basket; peaches. 7ocfl: pears. 75c0f 1.23; cranberries, $8.509.50 per barrel; quinces, f 1 g 1.23 per box. TROPICAL FRUITS Lemons. $767.50 per box; oranges. Valencias, $35.50; grape fruit, $4 5; pineapples, $3&4 per dozen; ba nanas. 5c per pound. FRESH VEGETABLES Cabbage H4 lHc pound; cauliflower, $1.25 per dozen; celery. 75&8rc per dozen, egg plant, $1.30 per crate; lettuce, 'oead. 20c-per dozen; onions, 1012 4c per dozen; bell peppers, 5c; pumpkins, lc per pound, spinach, 4&5c per pound; tomatoes,. 3050c per box; pars ley, 10515c; squash, lc per pound; hot house lettuce, 25c per dozen. ROOT VEGETABLES Turnips 90c$l per sack; carrots, 90c $$1 per sack: beets, $1.2581.50 per sack, garlic. 7"410c per pound; horseradish, 910c per pound; sweet potatoes, 2Hc per pound. ONIONS Oregon, 90c$l per hundred. POTATOES Buying prices: Oregon Bur banks, fancy, 75c&$1.05; sweet potatoes. 2-24c per pound. DRIED FRUITS Apples, 6'4lS7c pound; apricots. 1619c; peaches, 1213c; pears. ltCM-lc; Italian prunes. 4tt(roc. California flgs. white, in Backs, 66 W per pound: black. 4Sc; bricks. 73B$2.25 per box, Smyrna, 20c pound; dates. Persian. 67c pound. RAISINS Seeded. I2-ounce packages. SO SHc; 16-ounce, 9V10c; loose muscatels. 2 erown. 6V,lg7c; 3-crown, 68H4c; :crown, Ttf7e: unbleached, seedless Sultanas, 697c; Thompson's fancy bleached, 10011c; Londoa layers. 8-crown, whole boxes of 20 pounds, $2; 2-crown, $1.76. Batter, Zggs. Foul try. Ete. BUTTER City creameries: Extra cream ery, 3032o per pound. State creameries: Fancy creamery, 25Gp.27Vc; store butter, 17c. EGGS Oreron ranch. 31S32Hc dozen: beat Eastern, 2027c; ordinary Eastern, 24&25c. CHEESE Oregon full cream twine, 149 14Hc; Young America. 1516VC. POULTRY Average old hens, 32S'13c: mixed chickens, 12124c: Spring, 12l.tc; old roosters. 0fpl0c; dressed chickens, 13 14c; turkeys, live, 17&17M.C; turkeys, dressed, choice, 21 22 He; geese, live, per pound, 8f9c: ducks. 1415c; pigeons. $1 &1.50: squabs, $23. Dressed Meats, VEAL Dressed. 75 to 125 pounds, 7 hi 9 8c; 125 to 130 pounds, 7c; 150 to 200 pounds, 6c; 200 pounds and up, 5"H 6a BEEF Dressed bulls. 2'&2c per pound; cows, 4g)5c; country steers, 55ttc. MUTTON Dressed, fancy, 7c per pound; ordinary, 5g)6c; lambs, fancy, 8c. FORK Dressed, 100 to 130 pounds, 8c: 160 to 200 pounds, 7-5 7 lie; 200 pounds and up, Groceries. Nats. FJte.' RICE; Imperial Japan No. 1, 6Hc; South ern Japan, 6.40c; head, 6.75c COFFES Mocha, 262ac; Java, ordinary, 1$ 922c; Costa Rica, fancy. 1820c; good, HV 18c; ordinary, 1822c . per pound; Columbia roast cases, 100s, $16; 60s, J15.23; Arbuckle. $17.25: Lion, 116.75. SALMON Columbia River. 1-pound talis, $1.75 per dozen; z-pound tails, $2.40; 1-pound flats, $1.10; Alaska pink. 1-pound tails, 90c; red, 1-pound talis, $1.25; aockeye, 1-pound Ulla .$1.70. SUGAR Sack basis, 100 pounds: Cube, $5.30; powdered, $5.65; dry granulated. $5.45; extia C, $4.90; golden C $4.85; fruit sugar. $5.43; P. C-. $3.35; C. C $5.35. Advance sales over sack basis as follows: Barrels, 10c: half barrels, 25c; boxes. 60c per 100 pounds. Terms: On remittances within 15 days deduct c per pound: If later than 15 days and within 30 day, deduct c. Beet sugar, $5.35 per 100 pounds; maple sugar. 15lSc per pound. NUTS WALNUTS. 17 Vic per pound by sack: Brazil nuts. 18c: Alberts, 16c; pecans, jumbos. 16c, extra large. 17c: almonds. 20c; chestnuts. Italian. 1214 lc; Ohio, 20c; peanuts, raw, 71fcc per pound; roasted, 9c; plnenuts. 10il2c; hickory nuts, 71ibc; co coanuta. 85900 per dozen. SALT California dairy, $13 ton;. Imita tion Liverpool, $13 per ton; halZ-ground, 100s. $9; 50s. $9.50. lumb Liverpool. $19.50. BEANS small white, 4c; large White, c; pink. 2". c; bayou, 3Tsc; Lima, 4?c; Mexican, red, 4c, HONEY Fancy. $3. 25 3. 50 per box. Provisions and Canned Meats. BACON Fancy breakfast, 21c per pound; standard breakfast, ltfHc; choice, 16'nc; English, 11 to 14 pounds, 1514c; peach, 1414 c. HAMS 10 to 14 pounds. 1614c per pound; 14 to 16 pounds. lHc: 18 to 20 pounds. 16c; California (picnic), 1014c: cottage, none; shoul ders, none; boiled, 24c; boiled picnic, boneless, 20c PICKLED GOODS Pork, barrets, $21; half-barrels. $11: beef, barrels, $11; half barrels, $6. SAUSAGE Ham. 13c per pound; minced ham. 10c; Summer, choice dry. 1714c; bo logna, long. 7c; welnerwurst 10c; liver, 6c; pork. 910c. headcheese, 6c: blood, 6c; bologna, link, 414 c. DRY SALT CURED Regular short clears, dry salt 1114c, smoked 1214c; clear backs, dry salt 1114c. smoked 1214c: clear bellies. 14 to 17 pounds average, dry salt none, smoked none; Oregon exports. 20 to 25 pounds average, dry salt 1314c, smoked 1414c; Union bellies. 10 to 18 pounds aver age, none. LARD Leaf lard, kettle rendered: Tierces 12c: tubs, 1214c; 60s. 1214c; 20s, 1214c; 10s, 124c: 6s. 12'ic. Standard pure: Tierces. Ho; tuba 1114c: 50s. lllic: 20s. 1114c; 10s, llc; Bs. 11 '4c. Compound: Tierces, 714c; tubs, 7c; BOs. 7?ic: 10s. Sl-ic; Bs. 814c. Hops, Wool, Hides, Ete, HOPS 1906, choice, 15frl2c; prime, 13"9 14c; medium, 12il214c per pound; olds, nominal. WOOL Bastern Oregon average beat. 13(S1Ka per pound, according to shrinkage; Valley, 0ii21c, according to fineness. MOHAIR Choice, 2o2i)c. HIDES Dry: No. 1. 16 pounds and up, per pound. 18S20C; dry kip. No. 1, 5 to 18 pounds. 18321c per pound; dry salted bulla and stags, one-third less than dry flint; culls, moth-eaten, badly cut. soured, murrain, hair clipped, weather-beaten or grubby, 2c to 3c per pound less. Salted hides: Steers, sound, 60 pounds and over, per pound, lOliyllc; steers, sound. BO to 60 pounds, 10llc per pound; steera. sound, under 60' pounds, and cows, 9Q100 per pound; stags and bulls, sound, 70 per pound; kip, sound, 15 to 30 pounds, 10c per pound; veal, sound, 10 to 14 pounds, llo per pound; call, sound, under 10 pounds, 110 12c per pound; green (unsalted), 1c per pound less; veals, 1c per pound less. Sheepskins: Shearlings, No. 1. butchers' stock, each, 259 80c; short wool. No. 1. butchers' stock, each, 6060c: medium wool. No. 1 butchers' stock, each, $1.253; murrain pelts, from 10 to 20 per cent less, or 1516c per pound. Horse hldea: Salted, each, according to size, $19 I. 50: colthldes. each, 25-if50c. Goatskins: Com mon, each. 15425c; Angora, with wool pu. each. 30cl B0. FURS No. 1 skins: Bearskins, aa to size, each, $5fl20: Cuba each, $13: badger, prime, each, 25&50c; cat, wild, with head perfect, 3O50c; house cat, 6ff20c; fox. common gray, large prime, each. 60(5700; red. each, $36$3; cross, each, $od$15: silver and black, each, each, $4.606; mink, strictly No. 1, each, ac cording to size, $103; marten, dark. Northern, according to size and color, each, $115; pale pine, according to size and color, each, $2.60i34: muskrat. large, cash. 12315c; skunk, each, 4Og60c; civet or polecat, each. BlBc; otter, large, prime skin, each. $6$flO; pantner, with bead and claws periect. each. $205; raccoon, prime, large, each. BO75c: mounla.n wolf, with head perfect, each. $3.50S5; prairie (coyote), 60cfffl; wolverine. each. fti&S; beaver, per skin, large. $56; medium, $37; smsll. $lffl.50; kits, 6075c. BEESWAX Good, clean and pure, 2225c per pound. , ... TALLOW Prime, per pound, 44c: No. 2 and grease, 2 3c. CASCARA SAGRADA (chlttam bark) New. 4c per pound: 1904 and 1905, cariots, 6c; less than cariots. 6?f5!4c. GRAIN BAGS 8!i814c each. Oils. TURPENTINE Cases, Sic per gallon. COAL Cases. 19c per gallon; tanks, 12140 per gallon. GASOLINE Stove, cases. 2414c: S6 test, 32c; Iron tanks. 28c. WHITE LEAD Ton lota lc; 500-pound lots, 8c. less than 500-pound lots, 814c. (In 25-pound tin palls, lc above keg price; 1 to 5-pound tin cans, 100 pounds per case, 214c per pound above keg price.) LINSEED Raw, in barrels, 47c: In eases, 53c: boiled. In .barrels, 50c; In cases. 05c; 250-gallon lots, lc less. BENZINE Cases, 19c per gallon; tanks. 1214 c per gallon. Coffee and Sngar. NEW YORK. Oct. 20. Coffee futures closed steady, net unchanged to 5 points Iowt. Sales were reported of 11.500 bags, including De cember st $6.40; March, $0.55; May, $6.70; July. $6.80; September, $8.90. Spot Rio, ateady: No. 7 Invoice, 814e; mild, quiet; Cor dova. 812e. Sugar Raw, quiet; fair refining. 314c; cen trifugal. 96 test. 4c; molasses sugar, 3t-ic. Refined. Steady: No. 6. $4.40; No. 7. $4.35; No. 8. $4.30; No. 2. 4.25: No. 10. 4.15: No. II, $4.10: No. 12. $4.05: No. 13. $4: No. 14. $.1.93; confectioners' "A." $4.70; mould "A." $5.23: cut loaf. $5.60: crushed. $5.60; powdered. $5; granulated. $4.90: cubes. $5.15. Metal Markets. NEW YORK. Oct. 20. There was no change of consequence in the metal markets, business being quiet as usual In the absence of cables. Tin Is quoted at $43.1543.30; lake copper at $21.75822.50; electrolytic, $21. 504100. and casting at $21.25921.75. Lead was quiet at $5.754j.95 and spelter at $6.20.3O. Iron was Ann aad T HRDWOVERSTQCKS New York Market Is Badly Demoralized. PANIC REIGNS AT CLOSE Further Consideration ot Xew Con ditions in Money Market Causes Indiscriminate Selling De clines Are Violent. NEW YORK. Oct. 20. The stock mar ket was thrown into demoralization to day by the further consideration of the new conditions in the money market of fered by the advance in the Bank of Eng land's rate to 6 per cent and by the heavy inroad on the surplus reserves of the New York banks as revealed by the bank statement. The conditions as the market closed were panicky, and stocks were be ing; thrown over indiscriminately and at swift concessions in prices. Some of the principal declines will sufficiently picture the conditions. Great Northern preferred broke 8. Anaconda 10, Reading- 614, St. Paul and Canadian Pacific 4?4, Union Pa cific, Atlantic Coast Line and American Smelting 4, Northern Pacific and Colorado Fuel 314, B. & O. 3, and Louisville & Nashville and Amalgamated Copper 3, and in 'the list generally wide declines throughout, ranging up to 2 points. There was evidence from time to time of vigorous efforts to support the market by taking over the offerings, but the flood of liquidation broke through all efforts to support the market and threw it into a demoralized condition, in which it closed. London was a heavy seller in this mar ket, and grave apprehension was reported in London for the consequences in the coming stock market settlement there. The violent liquidation of speculative ac counts was a demonstration that plans had miscarried' there through the change in the money situation. The attitude of the Bank of England makes it clear that no further gold . will be relinquished to foreign markets, and the necessity is rec ognized of attracting funds to London suf ficient to repair the reserves of the bank. Severe measures for the cutting down ot American credits in that market are looked for. The position in the stock market is generally understood to be maintained to ah important extent by credits thus held. The currency movement to the interior, especially to the cotton region, has been resumed in full force, and New York ex change has fallen back to 40 cents dis count at Chicago. The bank statement did not reflect all of the expected decline, on account of the Canadian withdrawals. But the $16, 700,000 loan expansion is clear notice ot the pressure for credits which the Lon don developments have thrown back upon this market. Reports were current today of some large time loans being negotiated here, and rates in that department were 6 per cent, strongly bid for all dates with an expectation of higher rates next week. Relief by stock market liquidation was thus plainly indicated. Its violence and precipitancy, -however, was unexpected, and left sentiment disturbed and anxious. Total sales of bonds, par value, $1,444,000. Exciting: Week in Market. The stock market was in a lethargic condition all through the week until it was thrown into disorder by the unex pected advance on Friday in the Bank of England discount rate. This action was a symptom of monetary disturbance that was not to be ignored. The instantane ous effect was world-wide. It is obvious that the extraordinary requirements of the United States and the resulting dis cussion of this country's accounts on the London market lie at the bottom of the condition into which' the English money market has fallen. The apathy of the New York stock mar ket during the week has been attributed more, in the common estimation, to the approach of the elections. The public has been out of the market and it is obvious also that market ope rations by the powerful combinations have been discontinued. The smaller class of traders have had the market to them selves. The restricted operations of this class served, however, to test the con ditions in the market. They demonstrated that the market was under intentional restraint apparently Intended to hold it in a condition of quiescence. Traders attempts to advance prices met with ob stacles In the shape of large offerings of stocks. On the other hand, such offerings were withdrawn when prices receded and when the traders tried to extend the decline by short sales, they found their offerings absorbed with determination. The action of .Amalgamated Copper was a conspicuous example of this tendency. Confidence was general in the advance in the dividend rate to 8 per cent, but all speculative movements in the stock to ad vance the price met with opposition in the form of sales of the stock In sufficient volume to check the advance. The same course was pursued on the aggressive ad vance in the stock when the directors advanced the dividend. It was the gen eral supposition that the purpose of this course was to keep the market quiet untfl after election, owing to the object les sons which" were being made of the movement of the stock market in the con duct of the political campaign. For the same reason various financial projects, which have been the subject of rumors, have been dropped out of the discus sion. England's Vnexpeeted Action. With the progress of the week the be lief grew that developments in the money market were having as much to do with the restraint on the stock market as the Dolltical situation. The week's downward course of Interest rates was first checked and then reversed. The mid-monthly period called for some large dividend and interest disbursements. Banking troubles in Toronto induced the withdrawal of about $3,000,000 from New York to fortify the banks there. There was a resumption in force of the interior demand for cur rency in connection with the needs of the harvest. At the same time the stream of replenishment of reserves, which had been coming to New York bank reserves by the importation of gold and by the de posit of Ji6.000.000 of Government funds with the banks, was ended. Sterling exchange had recovered with the cessation of selling of banks' bills against the placing of 'finance bills in foreign money markets and with the de mand for remittance to liquidate such bills that were maturing. With the rise in money rates again here there was a downward plunge in foreign exchange rates which wiped out its recovery and brought the rate back on Thursday morn ing to a level that promised to renew the engagements of gold. That a renewal of the gold movement was counted upon to relieve the local money market was suggested by the sharp response of the stock market and the money market to the action taken by the Bank of England to defeat the Inroad upon London money resources. It had been assumed that the replenishment already offered to New York bank reserves by the import of gold and by the deposit of Government funds was ample to carry the market through the needs of the Autumn and protect the stock market from disturb ance. It is evident that that assumption was shaken by the week's events in the money market and renewed resort of for- i a u k. . i , - i . eign gold supplies was hoped for. The action of the Bank of England has disap pointed that hope and the ulterior con sequences are not yet clear. Bonds have become duller again and weakened with the late break in stocks. United States 2s have advanced M and new 4s per cent on call during the week. v STOCK QUOTATIONS. Closing Sales. Hish. Low. bid. Adams Express i... 275 Amalgamated Cop. 91,900 113 11114 11114 Am. car rory.. a.4W 44 43 do preferred 200 lOl lOOTa 10014 Am. Cotton OH.... 800 34 3314 331i do preferred......... ..... 931s Am. Express 240 Am. H. 4 L. pfd. 2514 Am. Ice Securities. 3,100 S9'4 8914 89t Am. Linseed OH 17 do preferred ." 38 1 Am. Locomotive... 4.300 7414 7114 71i do preferred 1101 Am. Sin. & R. pfd. 30.600 155 155 15314 oo preierrea lod.zuo iiTt lli in Am. Sugar Refg.. 3,900 134V, 132 132 Am. Tob. pfd. cert. 200 S9 99 9914 Anaconda Mining.. 17.2UO 274 265 265 Atchison - 3O.2O0 101 964 99 do preferred 400 10111 100 100. Atlantic Coast L. 400 13814 135 135, Baltimore & Ohio. 18.3UO 119 116 11614 do preferred 100 92 92 91 Brooklyn R. Trans. 11.400 78V4 76 7714 Canadian Pacific.. 8,900 175 172i 172V4 Central of N. J... 100 222 222 220 Chesapeake A Ohio 6.500 59 56 5614 Ch. Gt. Western.. 2,200 17 1714 -1714 Chicago N. w... 1.700 206 204 204V Ch., M. & St. Paul 22.400 17214 16814 16S14 Co. Term. Tr. Jl do preferred..... ...... ..... . . 27 C, C, C. A. St. L. 1O0 93 93 93 Colo. Fuel & Iron. 13.700 53 50 50 Colo. Southern.. 2,000 38 " 37 37 14 do 1st preferred. 600 . 6S 68 674 do 2d preferred.. 400 54 Vi 53 5314 Consolidated Gas.. 1.000 138 138 1374 Corn Products .... 300 20 19 1914 do preferred . 400 . 7514 75 75 Del. A Hudson 900 217 215 21514 D.. L. & W 625 Denver ft R. G. ... 4O0 40 39 39 do preferred 100 8414 84ii 8414 Dlst. Securities 3.800 60 6714 67 Erie 15.900 44 43 43 oo 1st preierrea. 10m to'i to do 2d preferred.. 40O 68 6614 6614 General Electric .. 800 17514 174 17414 Hocking Valley 115 Illinois Central.... 100 172 ,172 171 later. Paper 1714 do preferred..... 81 Inter. Pump 100 43 43 43 do preferred . . . 81 14 Iowa Central 28 do preferred... 51 K. C. Southern 200 27 27 27 do preferred 1.2O0 5814 5714 OTla Louis. & Nashv 2.900 14514 143 143 Mexican Central... 1.400 2114 2114 21 Minn. & St- L 62 M.. S. P. & S.S. M. 100 147 147 146 do preferred... It Missouri Pacific .. 3,400 9414 9314 9314 M.. K. A T 1.00O 34 32 32Vj do preferred 1.000 69 68 67 National Lead 5,500 70 73 73 Mex. National pfd. ' 7ti0 494 49 49 N. Y. Central 2.300 13f4 129 129 N. Y.. O. & W 2.600 45'4 44 44 Nor. & Western... 3.300 9314 92 92 v4 do preferred . . 90 North American... 1.000 90 4 89 Pacific Mall 33 Pennsylvania 48.800' 141 14 139 139 People's Gas 700 8914 89 su T C C & St i lm 84 Pressed Steel Car. 4. 500 55 Vi 5314 5314 do preferred 200 9814 98 9814 Reading 199.8O0 1451i 14114 141 Republic Steel 2.600 36 3614 3514 do. prererred 700 9714 9GV4 SHi'-j Rock Island Co 12.800 27 26T4 26 do preferred 800 65 63 6414 S. L. 4 S.P. 2d pf. 200 4714 47 46 St. Louis S. W 2314 do preferred 300 5714 57 67 Southern Pacific... 49.900 82 li 90 90 ao prererrea i.hik 11814 11H lis Southern R- 4.900 34 3314 S314 do preferred 95 Texas & Pacific... 3.600 36 35 35 1 .. St. L. & W o3"4 do preferred 200 55 55 5314 Union Pacific ......166,300 183 180 181 do preferred..... 9214 I". S. Express 125 U. S. Realty 8514 U. S. Rubber 1.200 48 47 4714 do preferred 900 107 1(15 105 U. S. Steel.. ..... .111. lOO 47 46 46 do preferred 21.30O- 106 10312 lns Va.-Caro. Chemical 800 3814 3714 an preierrea..... ...... ..... ..... jwu, Wabash 700 19 19U 19"4 do preferred . 800 45 44 4414 Wells-Fargo Exo 285 Westlnghouse Elec. . : 152 western union 100 86 86 s Wheeling A L. E . . 17 Wis. Central 200 25 2414 2414 do preferred 50 Northern Pacific... ll.RoO 211 20BU 209 Central Leather... 1.100 36 3514 35 do preferred 10214 Gt. Northern pfd.. 4.6O0 324 319 319 Int. Met 1.10O 36 36 36 do preferred 1.100 76'4 75 73 Total sales for the day. 1.032.200 shares. BONDS. NEW YORK. Oct. 20. Closing quotations: U. S. ref. 2s reg.104 ID. R. G 4s...9U do coupon 104 iN. Y. C. G. 314s. 9414 U. S. 3s res. . . ,1021j!Nor. Pacific 3s... 76 do coupon. .. .103 iNor. Pacific 4s. .102 U. S. new 4s reg.130 So. Pacific 4s. . . 91 1'nlon Pacific 4s. 103 do coupon. ... 131 14 U. S. old 4s reg.102 do coupon .... 102 " Atchison Adj. 4s 9014 wis. central 4s. . ho Jap. 5s. 2d ser.. 97 Jap. 414s cer. .. 91 Stocks at London. LONDON. Oct. 20. Consols for 85; consols for account, 85 vs. Anaconda 14 IN. Y. Central.. .140 . 96 , 93 46 . 72 3T4 . 7314 . 34 .1O0 . 19 .18914 , 96 . 48 .109 . 21 . 47 Atchison 103 Nor. & west. j do pfd Ont. A West... Pennsylvania .. do pfd 105 B. A 0 123 Can. Pac 181 Ches A Ohio. . . 61 'Rand Mines.... Chi. G. W lSvjReadlng C M. A St. P.. 178 Southern Ry... De Beers 19! do pfd D. A Rio G 42 South. Pacific. do pfd. . 87 .Union Pacific... Erie 4514 do 1st pfd.. .. 7814 do 2d pfd 71 111. Central 177 'do pfd U. S. Steel do pfd.. .. Wabash Louis. & Nash.. 149 do pfd M., K. A T.. 34 PORTLAND STOCK EXCHANGE Sales and Prices Bid and Asked on the Local Board. Official prices on the Stock Exchange yes terday were as follows: Bank stocks Bid. Asked. Bank of California 364 370 Merchants' National 140 Oregon Trust & Savings... 150 United States National 200 Portland Trust Co . 120 Bankers' A Lumbermen's 105 Miscellaneous stocks Campbell's Gas Burner ... 5 Union Oil - 196 200 Associated Oil 3714 38 Alaska Packers' 52 53 Pacific States Tel - 101 14 . 104 Home Telephone 50 Puget Sound Telephone 50 Oregon Life Insurance ...... .... 1000 Cement Product .'... 50 J. C. Lee Co , 130 O. R. A N. Ry. 4 100 ' 101 Mining stocks Nicola Coal ; - 4 514 Pacific Metal Extraction 25 Alaska Petroleum .- -16 17 Alaska Pioneer 60 Standard Con. 914 1014 Oregon Securities 5 614 Snowstorm 265 285 Lee's Creek Gold 1 2 Tacoma Steel 11 14 12 Galice Con 4 Gallaher - S 514 Golden Rule Con 2 Bullfrog Terrible 414 Golconda .. 1 4 North Falrvlew 5 Le Roy 214 Hiawatha . 1 2 Cascadla 2K 31 Lucky Boy - 5 16 Hecla 325 350 Rambler Cariboo 30 35 Dixie Meadows 3 Great Northern - 6 Mountain View 10 Blue River Gold 930 1000 Garvin Cyanide Co - 1 . Ruth Consolidated 15 Sugar stocks , Hawaiian Com 84 86 Honokea 12 Hutchinson 15 ... Mskawell 36 Onomea i 38 3814 Union 50 Sales 3O0O Gallaher at 514c 20 Alaska Packers at ovjc Dried Fruit at T.'rw York. - NEW YORK. Oct. 20. The market for evaporated apples was steady, with choice quoted at 86c for high quality, and oral nary choice at 77Se: prime at 66c. Prunes are unchanged, with prices ranging from 3c to 814c, according to qualltx. for California fruit. Apricots remain more or less nominal, with choice quoted at 16c; extra choice at 10c; fancy. 18lS20c Peaches are firm, with old crop choice quoted at 11c; extra choice, 1212c; fancy, 12612c . Raisins, 'unchanged, with loose Muscatsls quoted at 67c; seeded raisins, 6814c; London layers, nominal. Wool st Pt. Loots. ST. LOUIS. Oct. 20. Wotl Steady; me dium grades combing and clothing. 23$2714c; light fine. 18.ff21c; heavy One. 15917c; tub hii a2&37 lie- ALL NEWS -BEARISH Chicago Wheat Market Weak All Day. ; NET LOSS HALF A CENT Depression Due to Lower Cables, Fa vorable Weather and Increased Shipments From India and Argentina. ' CHICAGO. Oct.' 20. The wheat mar ket was weak all day. Trading was very quiot and prices held within a narrow range. The news of the day was almost exclusively in favor of the bears and with no special demand the market showed no rallying: power. Prices were affected' by a decline on "Ad at Liverpool, favorable weather in the United States, Increased shipments from India and Australia and predic tions of a liberal increase in world s shipments. Local longs were the chief sellers and the demand came mainly from shorts. The market closed weak, with prices near the lowest point of the day. December opened 14 c to !c lower at 73c to 73c, sold off to 73c and closed off "Ac at 7314c. Trading: In corn was dull and- prices were lower In sympathy with tne weakness of wheat. The market closed weak, with prices near the lowest point of the day. December opened a shade to 14c lower at 42c to 4214 ! 4294c and sold off at 42c. where it closed, net c lower. The oats market was influenced al most entirely by the action of wheat and. corn. December opened sc lower at 3314c, sold between 33c and 3314c and closed off 14c to 14c at 3314c Provisions were quiet and easy. There was scattered liquidation by the buyers of yesterday, the offerings be ing taken by pit traders who were evening up trades.. A weak market for live hogs was largely influential in holding down prices. At the close January pork was off 2"4c at JI3.2714; lard was a shade lowcxat JS.20iS!8.22"4 and ribs were 214c lovrer at $7.45. , The leading futures ranged as follows: WHEAT. Orn. High. Low. Close. December .73 S .73 S .73 . 73m May 78 .7814 -77 .77 CORN. October 44 ' .44 .44 .4414 December 42 .42 .42 .42 May 43 .43 .4314 .4314 OATS. December , .33 .33H .S3 .S3'4 May a.34 .34"i .34 .34V, July .33 .33 .32 -32T4 MESS PORK. January 13.75 13.75 13.72 13.72 May 13.00 LARD. Mav 8.32 8.32 S-30 8.32 October . . 9.45 9.50 9.45 9.50 November ... 8.90 8.9214 8.87 8.92'4 January 8.20 8.25 8.20 8.2214 SHORT RIBS. October 8.20 January 7.45 7.45 7.45 7.45 May 7.6314 7.65 7.62'4 7.65 Cash quotations were as follows: Flour Steady: winter patent. $3.35313.40; straights, $3.20r3.25; Spring patents, f-i.fuxw 3.90; straights, $3.30(3.60: bakers, $2.30tfi:2.90. Wheat No. 2 Spring. 7680c; No. 3, 73 79c; No. 2 red. 71iS71c. Corn No. 2. 46c: No. 2 yellow. 4545e. Oats No. 2. 32c; No. 2 white, 331434c; No. 3 white. 3133c. Barley Fair to choice malting. 4632c. Flaxseed No. 1. $1.0614; No. 1 Northwest ern. $1.11. Timothy seed Prime. $4.05. Clover Contract grades, $13. Short ribs Sides (loose). $S.25(gS.75. Mesa pork Per bbl.. $16.50. Lard Per 100 lbs.. $9.50. . Sides Short clear fhoxed). $8. 62 $8.75. . Whisky basis of high wines, $1.29. Receipts. Shipments. Flour, barreia 28.200 53.700 Wheat, bushels 54.010 .17.800 Corn, bushels 356,400 405.200 Oats, bushels 34S,:too 398,100 Rye. bushels 14.000 3.000 Barley, bushels 98,900 47,500 rain and Produce at New York. NEW YORK. Oct. 20. Flour Receipts, 26. 300 barrels; exports. 15.800 barrels; sales. 4100 packages. Market steady, but dull. Minnesota patents. $4.154.40; Minnesota bakers, $3,400) 3.85; Winter patents, a $:i.754.10; Winter straights. $3.503.60; Winter extras, $3.20& 3.25; Winter low grades, $2.753.20. Wheat Receipts. 136.000 bu.: exports. 112. 900 bu.( sales. 600,000 bu. futures and 56.U00 bu. spot. Spot, easy: No. 2 red. 78c ele vator; No. 2 red, 79c f, o. b. afloat; No. 1 Northern. Duluth. 87c f. o. b. afloat; No. 2 hard Winter, 81c f. o. b. afloat. Sharp de clines were noted in wheat this morning, based on weak cables, prospects for heavy world's shipments and Increased Argentine offerings. A lata rally on big clearances left the mar ket finally c net lower. May closed 83c; December closed 81 c. Hides Steady; Galveston. 20 to 25 pounds. 20c; California, 21 to 25 pounds, 21c; Texas, dry. 24 to 30 pounds, 19c. Wool Steady; domestic fleece, 35?38c. Petroleum Steady: refined. New York, $7.50; Philadelphia and Baltimore, $7.45; Phil adelphia and New York, in bulk, $4.35. Grain at San Francisco. SAN FRANCISCO, Oct. 20. Wheat and "Barley quiet. ... Spot quotations: ' Wheat Shipping. $1.201.25; milling. $1. 2.1 r 132 Is. Barley Feed, $1.02 1.07 ; brewing $1.10&1.15. Oats Red. $1.17 V4 1.42 ; white, $1.32 S1.45; black. $1.600.2.10. Call board sales: Wheat December, $1.26. Barley December. $1.09; May, $1.14. Corn Large yellow. $1.351.40. European Grain Markets. LIVERPOOL. Oct. 20. Wheat December, 6s 4d: March. 6s 5 d. English country markets quiet. Weather In England today lj fine. LONDON, Oct. 20. Cargoes Pacific Coast, unchanged; cargoes 29s. 9d. Wheat at Tacoma. TACOMA. Oct, 20. Wheat lc lower on all grades. Bluestem, 68c; club, 66c; red, 64c. . ' SAN FRANCISCO QUOTATIONS. Prices Paid for Products in the Bay City Markets. SAN FRANCISCO. Oct- 20. The following prices were quoted In the produce market yesterday: - FRUIT Apples, choice, S5c; common 35c; bananas. 75S$3; Mexican limes, $3.754.50; California lemons, choice. $6.50, common, $5; oranges, navels, $38 4.50; pineapples, $1.7304.00. VEGETABLES Cucumbers. 2550c; gar lic, 23c; green peas, 24c; string beans, 2$ 4c; . tomatoes, 25 50c; egg plant, 33c; okra. 50 865c. EGGS Store. 2532c; fancy ranch. 44c. Eastern, 20 25c. POTATOES River Burbanks 83c ig $1.20; River Reds, 75c; Salinas Burbanks, $1.65 2; -sweets. lc. BUTTER Fancy creamery. 31c; creamery seconds. !3c; fancy dairy. 28c; dairy sec onds. 20c; pickled. 2021c. WOOL Fall. Humboldt and Mendocino, 10 14c; South Plains and San Joaquin, 7 8c: lambs, 813c. HOPS 12 15c. CHEESE Toung America, 1314 c; East ern. 17c; Western 15c. MILLSTl'FFS Bran. . $18.30ij?20; mid dlings. $26029. HIT Whwt (13&20. stul and. oats. DOWNING-HOPKINS CO. ESTABLISHED ISM BROKERS STOCKS, BONDS, GRAIN Bought and sold tor cash and on margin. Private Wires ROOM 4, CHAMBER OF COMMERCE $10&15.50: barley, nominal; alfalfa. $99 10.50: stock. $08: straw, 50060c per bale. FLOUR California family extras, $4,651? 5.10: bakers' extras. $4.3094.60; Oregon and Washington. $3.756 4.25. RECEIPTS Flour, quarter sacks, 26.519; wheat, centals. 15.662; barley, centals, 10. 3S5; oats, centals, 5737: beans, sacks, 227; potatoes, sacks 1070; bran, sacks, 5560; middlings, sacks, 200; hay. tons, 979; wool, bales, 43. ' THE 1JVE8TOCK MARKET. Prices Current Locally on Cattle, iSheep and Hogs. f The following livestock prices were quoted In the local market yesterday: CATTI2E Best steers, $3.503.75; medium. $33.25; cows, $2.50(fi2.65: second-grade cows, $2ji2.25: bulls, $1.50i2; calves. 4lfj5.50. SHEEP Best, $4.5tVff4.75; lambs, $4.755. HOGS Best. $6.306.65; lightweight, $0 6.25. Feeding Many f$heep. A. Smyths Son have 4000 ewes and 4000 lambs on the range In Gilliam and Klickitat Counties and 3000 head of mutton sheep which they are feeding on the home ranch In Kllcki tat.County, says the Arlington Record. Smyths & SmyChe have 2000 breeding ewes and 2000 lambs on the range In Gilliam County, and 3000 lambs on feed at Sunnsslde. Wash. Also A. Smythe and William Smith have 5O0O lambs on feed at Sunnyslde. A. Smythe claims that he has the best lot of lambs In Eastern Oregon or Eastern Washington. They are all half hlood' Lincolnshire. Thee men are in telligent . $heep raisers, having been in the business lor many years. They take no chances an don't trust to luck. They now have 1000 tons of hay secured and have their sheep where 'they, are well protected from the Win ter storms. EASTERN LIVESTOCK. Price Current at Chicago, Omaha and Kansas City. CHICAGO. Oct. 20. Cattle Receipts. 1500; dull; beeves. $3i4.70: stockers and feeders, $2.5o&4.60; sowb and heifers, $1.40jr6.30; calves. $5.258. Hogs Receipts today. 11.000; Monday. 33. 000: slow and weak: mixed and butchers. $6.10 (J6.60; god to choice heavy, $.306.60; rough heavy, $5.85.1u: light. $6.156.55; pigs, $5.80 li.20: bulk of sales. $6.256.50. Sheep Receipts, 2500; sheep, steady, $3.20 5.50; yearlings. $5.4or6.20; lambs, $4.50g5.75. SOUTH OMAHA. Oct. 20. Cattle Receipts. 4100; market, steady. 5loc lower: native steetr. $4.306.40: cows and heifers. .$2.50 4.50; Western steera $3ifc5.S0: Texas steers, $2.75ft4.o0; cows and heifers, $2iS'3.50; csnners, $1. 2562. 40: stockers and feeders. $2.754.50: calves. $36; bulls, stagey etc.. $2&3.50. Hogs Receipts, 4500; market, weak to 5c lower; heavy. $(S'6.25; mixed. $6.1506.20; light. $6.206.30; pigs, $5g-6: bulk of sales, $6. loji6.20. Sheep Receipts, 100; market unchanged. KANSAS CITY. Mo.. Oct. 20. Cattle Re ceipts. 2O0; market steady; native steers, $4 6.75; native cows and heifers, $24.75; stock- resand feeders, $2.754.73; Western cows.' $2.253.75; Western steers, $3.505.25; bulls. $2(9.3.50; calves, $366.50. Hogs Receipts. 2000; market steady: bulk ot sales. $6.256.3214; heavy, $6.20ii6.:i0; pack ers. $6.2596.35; pigs and lights., $5.7506.3214. Sheep Receipts, none; market, nominally steady. Money. Exchange, Etc. NEW YORK. Oct. 20. Money on call, nom inal: no loans. Time loans, strong; 60 days. 90 days and six months, 6 per cent. Prime mercantile paper 61z6!4 per cent. Sterling exchange, strong, with actual busi ness in bankers' bills at $4.8515fc4.8525 for de mand and at $4. 8015tff 4.8025 for 60-day bills: posted rates. $4.SOS4.81 and $4.85. Com. merclal bills. $4l79(fi4,70. Bar silver 70c. Mexican dollars 54c. Government bonds. Arm; railroad bonds, weak. LONDON, Oct. 20. Bar silver Steady, S2d per ounce. t Money 4(gi4 per cent. The rate of discount In the open market for short bills is 5cfr6 per cent. The rate of discount In the open market for three months' bills is f&6 per cent. San Francisco Silver bars, 70c; Mexican dollars, 54c. Drafts Sight, 3c; drafts, tele graph. 7c. Sterling on London, 60 days, $4.81; sight, $4.80. Mining Stocks. SAN FRANCISCO. Oct. 20. The official closing quotations for mining stocks today, were as follows: Alta $ .04 Justice $ .04 Alpha Con 06 Kentuck Con.. .03 Andes 18 Mexican 90 Belcher 21 Occidental Con. .70 Bullion 30 Ophir 2.93 Caledonia 38 Overman 10 Challenge Con. .11 Potosi 11 Chollar 10 Savage 1.00 Confidence ... .51 Scorpion 06 Con. Cal. & V. .84 jSeg. Belcher... .00 Crown Point.. .12 Sierra Nevada. ..":: Eureka Con... 8.50 , Sliver Hill 70 Exchequer 50 (Standard .03 Gould A Curry IS Union Con 41 Hale & Nor... l.no Utah Con .04 Julia 07 I Yellow Jacket.. .30 NEW YORK. Oct. Adams Con. . .$ .20 Alice 4.50 Breece 30 Brunswick C. . .50 Comstock Tun .17 Con. Cal. A V. .74 Horn Silver... 1.80 Iron Silver. . . . 5.O0 I-eadvllle Con. .03 20. Closing quotations; 'Little Chief. . .$ .05 Ontario 3.00 Ophlr 2.60 Potosi 10 Savage 1.1)0 Sierra Nevada. .50 Small Hopes. .. .30 Standard 3.00 BOSTON, Oct. 20. Closing quotations: Adventure Allouez $ 7.00 IMont. C. ft C$ 22.00 JO. Dominion. 55.50 Osceola 123.00 IParrot 27.00 'Qulncy 100.00 iShannon ... 14.25 Tamarack . . 103.00 (Trinity 9.75 United Cop., 63.30 38. OU 111.50 1.1.00 32.00 850.00 26.00 78.50 19.00 22.00 22.50 13.25 Amalgams td Atlantic Bingham . .. Cal. A Hccla Centennial .. Cop. Range . Dominion C. Franklin . . . Isle Royale. Granby .... Mass. Mining Michigan ... Mohawk ... IV. S. Mining U. S. Oil Utah Vlctorla . iWlnona .... Wolvrine . . 60.00 10.25 65.00 6.00 12.00 57.00 8.25 Tlalry Produce In the East. CHICAGO. Oct. 20. On the Produce Si change today the butter market was . steady ; creameries. 19(S25c; dairies. 18U.S22C. Eggs Firm at mark, cases Included, 191p 2lc: firsts, 22c; prime firsts, 23c; extras, 26c. . Cheese Steady. 12 (6.1314c. NEW YORK. Oct. 20. Butter and cheese. quiet, unchanged. Eggs, steady, unchanged. Imports and Exports. NEW YORK, Oct. 20. The total imports of merchandise and dry goods a the port of New York for the week were valued at $15. 180,803. Total imports of specie for the week were $90,205 sliver and $4,438,790 gold. To tal exports of specie for the week were $409,- 295 silver and $5,470 gold. ' New York Cotton Market. NEW YORK. Oct. 20. Cotton futures closed steady: October, 10.77c; November. 10.77c: De cember, 10.72c; January. 10.8lc; February, 10.89c: March. 10.96c: April, 10.99c; May, 11.04c: June. 11.06c; July. 11.13c. Daily Treasury Statement. WASHINGTON. Oct. 20. Todays statement of the Treasury balances in the general fund shows: Available cash balance $222,615,983 Gold coin and bullion 106.848.954 Gold certificates 38,387,200 Graceful Act Appreciated. NORFOLK, Va., Oct. 20. President Roosevelt has heartily approved the sug gestion that Georgia shall reproduce as its state building at the Jamestown Ex position the old colonial Bulloch Hall, at Roswell, Ga.. the birthplace of Martha Bulloch, the President s rcr-ther. . Phone Main 37 DECREASE IN THE SURPLUS NEW YOKK BANKS' RESKItVES SHOW FIRTHEH LOSS. Reduction in Cash, However, Is Less Than Was Expecteil-JJepos-its Aro Larger. NEW YORK, Oct. 20. The Financier says: The official statement of the New York Associated Banks showed a smaller loss of cash than was estimated upon the basis of the traceable movements of money. The exhibit was. however, not altogether unfavorable, considering the monetary conditions that prevailed dur ing the week incident to the unlooked for drain of gold to Canada. Such conditions may reasonably he expected to improve this week as the result of the satisfaction of the -Canadian demand. The cash loss reported by the statement was $3.934.30u: It was due as above noted, to shipments of $3,750,000 to Canada and to an Important movement to the Interior, the total of such movements being oniy partially off set by receipts from Europe and from our own sources of supply. Oeneral deposits increased $11,556,600, or about $1,200,000 less than the sum of the Increase in loans minus the loss of cash. so that the statement did not prove. The required reserve against general de posits increased $2,889,150. adding which to the decrease of cash made $6.S;3.450 as the reduction in the surplus reserve to $6,200,900. Computed uoun the basis of de posits, less those ot $26,369,000 public funds which it may noted were reduced $3,860,100 during the week the surplus is $12,793,200. Loans were expanded $16,700,700 in the week. " reflecting chiefly the taking over of foreign loans that were liquidated and were replaced with domestic institutions, and also new borrowings from the banks. The statement of the Clearing House banks for the week follows: Increase. Loans $1.0S2.3."7.500 $16,700,700 Deposits 1,062.3.12.600 11.55S.600 Circulation '.. 46.471,700 316.!H) Legal tenders 71.3)8.4i0 1.8lS..sfH) Specie 200.395.700 2.nr.r)t) Reserve 27l.7S4.no '.i.!W.o". Reserve reuuired. - 265.03.150 2.W.150 Surnlus 6.20O.950 6.82:i.450 Ex-U. S. deposits. 12,793,200 "7.78S.4i5 Decrease. INSPECTS ROUTE OF 0. & F. Engineer Waggoner Tells of His Trip In Interview at Lakevlcw. LAKE VIEW. Or.. Oct. 19.-(Special.V- T. L. Waggoner, engineer of the Oregon & Eastern Railroad Company, was in L.akevJew this morning on his return from Likely Cal., the proposed terminus of the Nevada, California & Oregon Railroad, where that road is now build ing to and where It expects to reach by Fall. Mr. Waggoner is on a tour of in spection of a route for his company's sur veyors to follow, and was much pleased with the route. The crew of surveyors, numbering 18, now at Alkali Lake, about 35 miles due north of Iakevlew, coming this way. They expect to reach hen; in about a morth or six weeks. Mr. Waggoner, while reticent as to the Intentions of the Oregon & Eastern Com pany, stated a few facts of importance to those Interested in railroad matters In this country. He stated that the road wast to leave the main line of the Ore gon & Eastern route across the stat at Wagontire Mountain, about 100 miles north of Lakeview, and a branch of the road would swing south and come as far as Lakeview. From Alkali L.ake, where the surveying crew is at present, the route will be down to Albert Lake and along the margin of the lake to a point within 10 miles of the nw mines recently discovered in the Windy Hollow hillst some 40 miles northeast of Lake view; then south to Crooked Creek Val ley and over a low divide into Goos Lake Valley and to Lakeview. When asked If the road would go fur ther south he said that it 'might go as far south as the state line. That would bring it to Pine Creek, the headquarters for the other rich mining district dis covered some months ago. Mr. Waggoner would not talk about his trip to Likely, but remarked about the slow progress being made on the exten sion of the Nevada, California & Oregon, alleged to be on account of the scarcity of men. He was much impressed with the beau tiful valley between Lakeview and Al turas, in Modoc County, California, f0 miles south of here, and said that all that was needed to make it a very rich country was a railroad to haul out tiie farm produce. He also suggested that some time the Southern Pacific might buy the N-, C. & O. road and standard ize the gauge. He would not state what connections the Oregon & Eastern in tended making on the east or south. TALK OF MEAT COMBINE Big Chicago Packing-Houses Said to Be Involved. NEW YORK. Oct. 20. Armour & Co.. J20.000.000; Swift & Co.. $50,000,000; Nelson Morris & Co., $30,000,000; the National Packing Company, $15,000,000; Schwarzs chlld & Sulzberger, $10,000,000, and the Cudahy Packing Company, nominal, are some of the subscriptions to the new packing trust said to be forming. Wall-street bankers were authoritative ly advised today that an English holdlns company was being organized to take over all the packing Interests of the country. Inquiry at the office of the firms which might undertake the financ ing of such a gigantic corporation. whne capital readily would run to $500,000,000. elicits almost no information. It was positively ascertained, however, from dis patches .coming- from packing-house In terests in Chicago that the protracted visit of Sir Thomas Lipton to that city has a significance more than social. Sev eral years ago the interests of Upton Ac Co. were taken .over by other Chicaso packing concerns, and the former head of the company, having retained securities represented by .the transfer, must be con sulted in any transaction. The volume of business handled by these big concerns probably runs close to $750,000,000. a year, ajid the capital neces sary to swing the business in all liklihood will be very close to the $500,000,000 BUg gesled. ' LOUIS J. WILDE HOME TELEPHONE BONDS BANK STOCK Corner 6th and Washington Streets, PORTLAND, OREGON member Portland Stock Exchange