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
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