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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Nov. 3, 1907)
THE SUNDAY OREGOXIAX, PORTLAND, XOVEMHER. 3, 1907. LATE STOCK RALLY Operations Concluded Before Bank Statement Is Issued. VOLUME OF TRADE SMALL Cank showing an I'nfavorable One, as i;xt'ctecl explanation of tlie Heavy Loan Kxpansion The lUnul Market Is Weak. NKYV YORK, Nov. 2. The abstract or the statement of averafres made by the banks, to the clearing-house was rtM-orded on the tape today after all transactions at the Stock Kxchange had boon completed. Prices had been depressed early in the day to a slight extent, but had rallied with a show of considerable strength in the latter part of the session. It is not unusual for early estimates on Saturday regarding tlK! character of the bank statement to prove strikingly accurate, but no such estimates were circulated in the usual channels today. Operations at the Stock Kxchange were concluded in Ignorance of the conditions disclosed by the bank statement. ' The most vital fact regarding the bank statement is that the reserve Item is not made to show by anticipation any part of the enormous volume of goid now afloat for New York and destined to arrive and flow into' tho bank reserve before the next week has expired. Meantime fresh credits have been accorded with unstinted hand, as Is the proper method of meeting a crisis, approved by tried, wisdom. The $UO,741.500 loan expansion, how ever, must be interpreted in the light of the issue of clearing-house certifi cates, which has been in force and which is Included In this Item. Tho tress in which the trust companies have labored has caused the usual re sult, in an unusual degree, of transfer of loans from trust companies to Tiir.ks: a process which. It is perfectly evident, does not affect the total out standing volume of loans, although ex panding that item of the bank them selves. Tho figure of the deficit be low tho legal reserve requirement of the bunks is less enlightening than the proportion of the reserve to liability, which stands ut 21.30 per cent as against LM per cent in 1893. Tho bank Htatemcnt docs not include the separate statement of Government deposits, for which the. banks are exempt from the cash reserve requirement, according to a ruling of the Treasury Department, hut not by the rule of the clearing house. Bonds were weak. Total s.ales. par value, $1, 380,000. United States 2a have advanced the 3s i and tile 4s one per cent in the toid prices on call during the week. CLOSING STOCK QUOTATIONS. Clrwlng Sales. HIpTh. Low. Hid. Adams' Exprr 1WS .Atrial Coiner 15. (WO 411 4Sljt 48 Am Oar A Koun.. 1,-eO "."' -K1 lo pref'Tred .... 200 824 8L'i 8uij Am Cotton Oil ..... 2SV do preferred GO American Kxprexs 170 Am Htl & L.t pt 1114 American lie .... 2oO 1114 1114 11 Am LhiKcrd Oil.. 3UO 7 7 T do preferred . ... . 17 Am Ixicomotlve. . . floo 37.. 37 . . 3ft. do preferred ..... l:oo 84'i 84 M Am Smelt ,fc Ref.. 4,S0 ?, Kiia, 7 do- preferred .too H.V'i 84 85 Am Sugar Kef.... !MO loo", loO'J 101 Am Tobacco otfs. 2oo oi ii, bii'4 Anaconda, Mlh Co. 2.100 3:1 3;i"s Atchison 4.KO0 74l4 7-Ta 7.'!1.. do preferred .... iioO 84 i 84 84 Atl Coast Line... 4o0 61 f,t B014 Bait & Ohio ,900 80.. 00 8"" do preferred 75 Urook Hap Tran... 2.000 30? SO 30 Canadian Pacific.. 800 150 148 14flv Central of N J.... loo Ches & Ohio 100 2S. ' 28 28 'i Chi Gt Western., MO 74 7H ? Chicago & N W.. 3'K) 131 l.lUj III) C. M & St p 6,000 lol 98 '4 100 Chi Ter & Tran IS nVt preferred .... 10 C. C. C ft St L... 10 484 481.; 40 Col Fuel 4 Iron.. 8O0 IB, 15', In Colo- & Southern.. 200 18.. 18 184 do 1st preferred." 100 44 44 4'1S do 2d preferred. 4 S34 Consolidated Gu. . '100 82'4 824 82 Cora Products ... 600 9'i O'.j 4 do preferred 400 50 .10 so Pel Hudson.... 700 125 128 123 Iel, Lack & W'ea. too 40O 400 400 1 & It Grande... 2o0 18.. 18 18 do preferred 5tt rif tillers' Securi.. 2,r,oo 4" 30 3S Krlo ' no 18 17 17 do 1st - preferred. 400 4o 3t ' 3I do 2d preferred.. 1(K) 28 28 274 Onral Electric. 400 109 lo7i 107 Illinois Central .. Goo 121 12tnJ 120 Int. Paper 200 10 10 10 do preferred . 6t Int Pump 1,500 9 '9 9 do preferred 2iX) 62 ft2 B4 Iowa Central .... 400 II.. 11 11 do preferred .... .4 32 K C Southera 22 do preferred .... 5oo 40 48- 40 I-oula & Nash.... 80O 05 91 63 Mexican Central..; 700 14 14U 14 V. Minn St L . 25 M. St P ft R S M 100 72 72 72 do preferred .... 1O0 120 120 118 Miawuri Pacific .. 4110 52 61.. 61 H Mo. Kan & Texas 700 24 2.1 14 24 do preferred 55 National Lead :t5 Mex Nat It R pf ; 42 N Y Centrnl 4,300 9(1 94 tr,i NY, Ont & West ' 2O0 20 20 28 Norfolk ft West., 100 (15 6514 .' North American .. 500 43 43 . 43 racltlc M.i'l Pennsylvania 45.900 lo0 1074 108ii, People's Uns- .... 200 73 72 72 P. e c & St I, 50 Pri,od Sled Car SOO 17 17 ' IT. do preferred 300 71 70 7o' Pullman Pal Car.. ion 140 140 130 Reading 13.000 79 . 73 f do 1st preferred. ..... 73 do 2d prf erred ' 65 Ttepubllc Steel ... 300 .13 13 13 do preferred .... loo 55 55 55 Rock Inland Co... 1.20 13 13 13 do preferred 34 Ft L & S F 2 pf 2l'i St L Southwest 13 do preferred .... 2"0 29 , 20 28 1 Southern Pacific... 2.4oo 07 6rti.i do preferred .... 7oO 103 103 103 Southern Hallway. loo 12 12 12 do preferred S7 Tenn Coal & Iron 134 ' Texas & Pacific 18 Tol. St I. & West loo 1914 1914 jsv, do preferred .... 3oo ::t 3314 Union Pacific .... 18,400 109 109 108 do preferred 79' V. P. Kxpreaa 68 T". S. Realty 300 37 37 35 V. S. Hublier 17 do preferred .... 100 00 6R 65 u, 1'. S, Steel 15 0"0 2'!Ti lrt 2n do preferred .... 5,200 83 8J 83 Va-Cnro Chem.... ' 5o0 13 12 13 do preferred 75 Wabash 1,8.10 8i; s 8". do preferred . 2O0 14 14.. 14 WellKarn,. Ex ; 300 Wejtlnnhoiie Kleo 300 54 54 52 Western Vnlon ..." 100 2 82 61 Wheel ft L Erie li Wisconsin Central 21,100 14 14 Vl do preferred .... ; 28 Northern Pacific... 300 10... 105 I07 Centrnl Leather .. BOO 13 13 1:1, do preferred '' 74' PloFJt-Sheffleld 31 c.t Northern pf 7.800 lp lioi;. 111 )n' Metal '"o c -.v. do preferred 600 ltt'i 15 15 T.tal a!e for the day. 181.oM sh.-in-s. BONDS. NEW YORK, Nov. 2. Closing quotations: V. S. ref. 2 reij.lOT IN. Y. C. G. 3s 85 do coupon. .. .107 iNorth. Pacific 3s ill TI. s. .la reg. . . . 02iNorth. Pacific 4a P4?t do coupon .... 102 South. Pacific 4s 75 r. .. new 4s reit.ITS U nion Pacific 4a 94 do coupon .... !18 twisoon Cent 4a.. 7ft Atchison adj. 4s 73 f.lapanes 4s 77 V ft R G 4s 01 1 Mocks at I .on don. T.ONfSoN.' Nov. 2. Consols for money. 82; Afo' lor Reoont.".82.' - '. . Anaconda ... 7 O0 Mo. KT... 25.37 Atchison .... TT.12'N. Y. Cent 1(15.00 do prcf .". . . '" 'Norfolk ft W?s 05 011 Bait . Ohio. 83.75 I do prof 84.00 Can Pacific.. 154 Ches & Ohio, li'ii. Chi Grt Wes 7 M. ft S. P.105 De Beers. . R (i. .. pref . . . 17 It) 63. 18 1st pf . . 41 2d pf . . .10 Orand Trunk 18. Ill Central.. .127. L Sc N 08. D ft do Erie . do do OO .00 .30 OO .73 .50 OO 73 OO ihj .87 0O 00 !Ont ft West.. SO (Pennsylvania, tii IRand Mines.. 4 jReadinK 38. iSouthern Ry.. 13 T do pref 43 isouth' Pacific (18. lUnlon Pacific. 113. I do prat 82 U. S. Steel 24 do pref fco Wabash 9 do pref 10. Eastern Minlnr Stock. " BOSTON. Nov. 2. Closing Quotations: Adventure . .1 1.00 lParrot .. 10. Allouez 22.30 ltiulney 9 Amalgamated 48.30 ishunnon 10. Atlantic 10.00 ITamarack ... 02 BliiRham ... U.12tTrinity 11 cal ft HecIa.Con.no lUnired Copper 1 Centennial ... 2O.50 I7. S. Mining. 2!l Cop Ranee. . .52.50 S. Oil..... 8 Daly West... 10.00 llTtah 32 Franklin 7.23 1 Victoria 4 firanbv 8.oo jWlnona 2 Isle Roynle.. 15.S7;Wolverlne ...103 Mass Mining. 2.73 iNorth Butte.. 42 xiKican n Oil iRiittn Coal... 15 Mohawk 43.00 iNevada. . Mont C ft C l .il2 Oil & Ariz 108. Old Dominion 22 25 jAriz Com.,.. 10. Osceola 81.00 ! 50 25 50 37 00 02 23 o 37 23 00 no 50 00 00 50 ,0O 73 00 00 87 NEW YORK, Nov. 2- CloElna; quotations: Adams Con 5 ll.ittle Chief n Alice 400 1 Ontario 2"0 Breece IT tOphir ion Brunswick Con. 53 ;Potosi 13 Comstock Tun.. 22 (Savag '. . . 38 O C ft Va 55 Serra Nevada.. 44 Horn Silver. .. .125 Small Hopes 17 Iron Silver. . . .100 istandard 140 Leadville Con. . 7 I Imports and Exports. NEW YORK. Nov. 2. Import of specie for the -sort of New York for the week ending today were $49,199 silver and $130. 378 gold. Exports of specie from the port of New York for the week ending today were $S71,120 silver and $010,000 gold. Imports of merchandise and dry goods at the port of New York for the week ending October 20, were valued at 17.816.522- Money, Exchange. Etc, NEW YORK, Nov. 2. Money on call, quiet; time loans, nominal; 60 days, 15 per cent; loaned yesterday and 90 daye, 10 to 12 (per cent; six months, 8 per cent. Prime mercantile paper, nominally 710 per cent. Sterling exchange, erratic, with actual busi ness In bankers' bills at $4.8fl254.8(75 for demand and at $4. 8050 IN. 8 130 for 60-day bills. Commercial bills, $4.78-64.79 Bar silver, 5Bc. Mexican dollars, 47c. Government bonds, strong; railroad bonds, weak. LONTXIN', Nov. 2. Bar silver, 87 & per ounce. Money, 8Q4 per cent. The rate of discount In the open market for rhort bills Is SO- per cent; for three months' bllla,. 6S6 per cent. SAX FRANCISCO. Nov. 2. Sliver bars, 69c. Mexican dollars, 52c. Drafts Sight. !Sc: telegraph. Be. Sterling on London, 60 days, $4.79; eight. $4.88. - DOWNING-HOPKINS CO. Dally Treasury Statement. - WASHINGTON, Nov. 2. Today's state ment of the Treasury balances in the gen eral fund shows: Available cash balance $235, 818.516. Hold coin and bullion 13,519.9'. Gold certificates 75,064,180 FOBTLAXD IXVJESTOCK MARKET. Prices Current Locally on Cattle, Sheep and Hogs. There were no changes In local llvestook prices yesterday. Receipts were 80 cattle. The following prices were current In the local market yesterday: CATTL Beat steers, $3.754; medium, $2.27yu$3.r.0; cows, $2.5ST2.b5; fair to me dium cows, $2g2.25; bulls, $1.50(S2; calves, $44(4.50. SHBBP Good sheared, $4.60S; lambs, $4. 54)05.25. HOGS Best, $G!36.35; lights and feeders, $5fc. Eastern livestock Prices. CHICAGO, Nov. 2. Cattl! Receipts, 5000; market, steady. Beeves, . $3.60(3 7; cows. $1.204.90; calves. $4.507; Texas. J3.404.25; Westerns, $35.50; stockers and feeders. $2.404.50. Hogs Receipts, 7000; market, strong to a shade higher. Light, $S.7056.25; mixed, $5.006.80; heavy. $5.406.S0; rough, $5.40 5.0O; pigs, $4.605.70; bulk of sales, $5.70 5.93. Sheep Receipts, about 2000; market, steady. Natives. $2.50 5.25; Westerns, $2.50 5.20; yearlings, $3 a 5-75; Iambs, $4.83 (B8.83; Western. $4.2306.75. KANSAS CITY, Mo.. Nov. 2. Cattle Receipts, 2000; market, steady. Native steers, $4.303 6.40; native cows and heif ers. $1.504.25; stockers and feeders, $2.75. 5; bulls, $24j4.25; calves, $2.50 8; West ern steers. $3.354.40; Western cows, $2 8.83. . Hogs Receipts, 2300: market, steady. Bulk of sales, $5.7O5.80; heavy, $5.00 5.75; packers, $u.63C.S3; pigs and light. )3 69.85. Sheep Receipts. BOO; market, weak. Mut tons, $4.605.40; lambs. $5,65 6. 40; range wethers. $4.50l8!5.00; fed ewes, $3.503.25. SOUTH OMAHaI Nov. 2. Cattle Re ceipts. 100; market, unchanged. Hogs Receipts, 2100; market, shade high er. Heavy. $5.603.72; mixed. $5.02 & 5.70; light, $5.00' 5.70: pigs, $3.0O5.5O; bulk of sales. $5.G05.7O. Sheep Receipts. 100: market, steady. Yearlings. $4.755.25; wethers. $4.50S4.73: wes. $4,0044.50; Iambs. $5.25 6.25. QUOTATIONS AT SAN FRAJfCISCO. Price Paid for Produce In the Bay City Markets. SAN FRANCISCO, Nov. 2. The follow ing prices were quoted in the produce mark kets today: Vegetables Cucumbers. 00c$1.10; garlic, SSp7c; string beans. 14c; tomatoes, 50 85c; okra, 404TUOC; egg plant, 604TS5C. Poultry Turkey gobblers, 2224c; turkey hens, 18021c; roosters, old. $44. 50'; roost era, young, $5ig7; broilers, small, $34: broilers, large, $4 4.50; fryers, $4.50(5; hens, $4(37.50; ducks, old, $45; young, la 7. Butter Fancy creamery, 32c; creamery econds, 2Cc; fancy dairy, 27c; dairy sec onds. 25c; pickled. 274('30c. Eg-gs Store. 23ig27c; fancy ranch, 47c; Eastern, 22 ra 24c. Cheese New, 1616c: Young America, 1617c; Eastern. ltifelSc. Wool Spring. Humbo:-it and Mendocino. S425c; Nevada, 15a18c; South Plains and 6 J., Mitltlc: lambs, 813c. Hops Old, 3(33c; new, 7(d,10c. Millstuffs Bran. $25.5026.50; middlings. $30 32. Hay Wheat. $1722; wheat and oats. $1318; alfalfa. $Utfl3.30; stock, $8.oO; straw, per bale, 45(&'85a. Potatoes Early Rose. e0c'$l 10; river Burbanks. 85c4f$l.!0; Salinas Burbanks. $1.50191.05; sweets, $1.251.60. Onions $2.2tH&2.25. ' Fruits Apples, choice, $1.50; common, 60c; bananas, 12; Mexican limes, $5.00(9 ti.00; California lemons, choice. $5; common, $1.25; oranges, navels. $3.3004.00; pine apples. $2 Six Receipts Flour, 6110 quarter racks; wheat 825 centals: barley, 534o centals; oats, 916 centals; beans, 700 sacks; corn, 023 centals potatoes, 3000 xack6; bran, 80 sacks; mid dlings. 130 sacks; hay, 007 tons; wool, 22 bales; hides, 1327. Coffee and Sugar. NEW YORK. Nov. 2. Coffee futures opened steady at unchanged prices to an ad vance of 5 points, closed steady at a net ad vance of 5 points. Sugar Raw, quiet; fair refining, 3.40c; oen trifugal. 90 test. 8.90c; molasses sugar, 3.05c; retlned steady: No. n. 4. 60c; No. 7, 4.35c; No. 8, 4.50c; No. , 4.45o; No. 10. 4.33c; No. 11. 4.30c; No. 12, 4.25c; No. 13, 4.20c; No. 14, 4.15c; confectioners' A, 4.80c; mould A. 5.35c; cut loaf, 5.70c; crushed. B.7oc; powdered, 5.10c; granulated, 6c: cubes, 6.52c. lrled Fruits at New York. NEW YORK. Nov. 2. The market for evaporated apples was quiet and with no further change. Prunes were rather more active again, but prices are unchanged. Apricots and peaches are quiet. Raisins are in Jobbing demand and hold steady. Metal Markets. NEW YORK. Nov. 2 The metal markets were quiet as usual in tho absence of cables Tin was rather easy in tone, but prices were unchanged. Copper held tlrm at the recent advance. Lead and spelter were dull and un changed. - Iron was unchanged. ESTABLISHED ISM BROKERS STOCKS, BONDS, GRAIN wmht amd sotel fear estsk nasi ea sjisilIs) Private Wires . ROOM 4. CHAMBER OF COMMERCE Phone Hals 37 Invest Your Money in Good 6 First Mortgage ONDS Safe as Governments. Certified Checks on Portland Banks Taken in Exchange. FRANK ROBERTSON Failing Building, Third and' Washington Streets. A SHARP ONE Wheat Prices Go Off on Heavy Selling. CHICAGO CLOSES WEAK Feeling Is Good Until the New York Bank Statement Is Received, ' When liquidation Begins. Coarse Grains Lower. CHICAGO, Nov. 2. The New Tork financial situation turned a strong wheat market Into a weak affair today, and at the close wheat for December jdelivery waa lc lower. The wheat market opened firm, responding: to un expected strength at Liverpool. Later the New York bank statement waa re-' ceived, and It being; considered the worst on record, caused immediate and heavy Belling;.' Prices broke sharply and remained weak until the close. The rumors of shutting; down of mills also caused some selling;. The fact that some export business was reported from the East did not prove an offset to the financial situation. The close was weak. December opened "Mc to c higher at 96',sc to 96t4c, sold between 941fu941'ic and 96o and closed at 94c. The corn market was strong at the opening in sympathy with wheat and the reports of poor husking: returns. Considerable selling- of long corn came out on the advance, and then the break in wheat and the New York bank statement caused a sharp decline. De cember corn opened ',ic to 34c higher at 59 c to 60c, sold down tb B960c. and closed at 69c. The oats market opened strong In sympathy with wheat and corn, but later the attempt of prominent longs to unload, together with the decline in wheat and corn, broke the market sharply. December oats opened c lower at 9c, sold between 4Sc and 50c, and closed lo lower at 48c, the lowest point of the day. Provisiona weakened under selling by packers. July pork closed 17 c down, lard was down 1012V4c and ribs were 7o lower. ' WHEAT. Open. Hifrh. Low. Close. December ...$ UHi $ 1 mu mu May 1.04-T4 1.04 14 1.02 1.0ri July . 8S 98 06 CORN. December Mav July . ..... B0 60 674 r 1 1 6;l-!4 6!iTt 61 81 69 6054 OATS. December ... 40 fin 4KJ4 4S't May B2-Ji (.24 61 61', July .. 48k, 47 47 MESS PORK. January- 14.40 14.40 14 25 14.2714 May 14.77 14.80 14.60 14.024 LARD. November January 8.45 May 8.00 8.45 8.60 8.45 8.35 8.00 8.S0 SHORT RIBS. January ' 7.65 7.05 7.65 -7.57H May 7. DO 7.90 7.80 7. 85 Cash quotations were as follows: Flour Steady. Minnesota patents. 4.60 4.75; Straits, 3.o04.65; Spring; patents, $5.20 5.60; Straits, 4.50S5; bakers. 3.30g4.20. Wheat No. 2 Spring-, $11.08; No. 3, 92 1.02; No. 2 red. 9294T4. Corn No. 2, 69jj4c; No. 2 yellow, 60o. Oats No. 2, 4Mc; No. 8 white, 4514(&s4o." Barley Oooa feeding. 6305c; fair to choice malting, 77e90c FlRxeeel No. 1 Northwestern, 1.186. Short ribs Sides (loose). $7.378.25. Mess pork Per barrel, $18.62glS.78. Lard Per 100 lbs., 8.45. Sides Short clear (boxed), $T.75JT8.25. Whisky Basis of huch wlnes fl.35. Reccelpts. Shipments. Flour, barrels 31,700 31,000 Wheat, bushel 71.200 448.800 Corn, bushels ... '. .183.UOO 626.400 Oate, busels 2U4.000 287.O0O Rve, bushels 11.300 3.400 Barley, bushels . 82,100 9,000 Grain and Produce at New Tork. ' NEW YORK, Nov. 2. Floui' Receipts, 30,150 barrels; exports, 9900 barrels; quiet end barely steady; Minnesota patents. $5.45 5.75; do belters, $4.50&M.95; Winter patents, 4.90B.40; do straights. 4.604.80; do ex tra, $44.25; do new grades, 3. Six's. 15. Wheat Receipts. , 43.800 bushels: exports, 11,900 bushela. Spot easier; No. 2 red, fl.06 elevator; No. 2 red, SI. 0734 f. o. b. afloat; No, 1 Northern Duluth, nominal f. o. b. afloat; No. 2 hard Winter, nominal f. o. b. afloat. Although wheat had a firm opening on higher cables. It eventually broke a cent on unfavorable news from the stock: market and liquidation, closing c net lower. De oember closed at 1.08V. May SI. 11. Hops Quiet; Paclflc Coast, 190T ll13o; 19fl. 6gc. . Hids Quiet; Central America, lOflM-; Bogota, 19194c. Wool Firm; domestic fleece, 32Wt5o.. Petroleum Firm; refined. New York, 8.75c; Philadelphia and Baltimore, 8.70o; do In bulk, $4.95. Wheat at Taooma. TACOMA, Wash., Nov. 2. Wheat, nomi nal, nothing doing. Bluestem, 90o; club, 88c; red, 8c. . drain at Sao Fraoolscn. SAN FRANCISCO. Nov. 2. Wheat Quet. Barleys Stronger. Spot quotations: Wheat Shipping, 1.60 1.65 per cental; milling, $1.701.75 per cen tal. Barley Feed, $1.65gM.60 per cental! brew ing, nominal. Oats Red, J1.W2 per cental; white, $1 703 1.76 per cental; black. $2.7062.90 per cental. Call board sales: Wheat December, $1.70 per cental. , Barley December, $1.60 per cental; May, $1.5 per cental. Corn Large yellow. $1.T01.7 per oental. Minneapolis Wheat Market. MINNEAPOLIS, Minn., Nov. 2. Wheat December, $1.02i ; May, (1.0834; No. 1 hard, $1.03ir.Q1.03..; No. 1 Northern. $1.0214 1.0234: No. 2 Northern, 99lS$1.0034 ; No. 3 Northern, fMiitoOtttjc. ' FIRST A PEOPLE'S PARK Then a Boulevard if We Have the Money, Says Mr. Oberteuffer. PORTLAND, Or., Nov.' 2. (To the Editor.) Now that we have an au thority on parks and boulevards, with in our city, so kindly invited to come here, look around, a few weeks and then tell us what we want let's ' get busy and give him the necessary in formation. ' The authority In question Is from Boston, I understand, a town with parks and boulevards surrounding it and all are very pretty. The Metropol itan Park system, Blue Hill Reserva tion and the Arnold Arboritum, com pose probably the grandest idea in city parks ever conceived. More people ride, drive and affto through this sys tem of parks in a day than the entire population of this city. What we need and what we want here are two differ ent things. The taxpayers need a peo ple's park. The auto owner and driver of blooded stock want a. boulevard. Now, Mr. Boston Expert, after these gentlemen who so kindly Invited you to come here have treated you to a good time, and I assure you they can, and after you have heard all they want to say, just excuse yourself for a day or two and meet the average taxpayer and ask him what we need not what we want. I was familiar some years ago with Fairmount Park, In Philadelphia; Druid Hill Park, in Baltimore, and Central Park, in New York, and have lived in Portland about 10 years and observed the general public, regarding this very question of parks. Mr. Expert will no tice at once that the present City Park is not In any sense a people's park. It is a place to walk through, ride or drive through and to study the animals; is well kept in order, and is an excellent place for bronze statues. Signs "Keep off the grass" and hard green painted benches are not very Inviting to the people to linger, and as one person said after a visit, "Well, it's a nice park, but It's no wonder that the Indians stand up." Macleay Park can be found if you get a guide. I have never seen It. What is needed Is a people's park, where one can go on the grass, in tfhe shade under the trees, where people can play all manner of games, plcnio all day, with tables and benches well located for the noon and afternoon meal. I think that Blue Hill Reservation In the Boston system has more acreage devoted -to the people for picnic and play grounds, than all Portland's park acreage put together. Last Winter Mount Tabor was talked of as just such a place as the people of this city needed for a people's park. I think at that time there was a trifle over 125 acres that could have been had. Three . carllnes run within easy walking distance, and Bull Run water is piped all through it. A large house on the very top could be used for publio comfort and as a residence for the caretaker. The place is over 400 feet above tidewater. Th.e natural amphi theater on the west slope, when cleared of brush, will seat an audience of 3000 people. Baseball grounds, tennis courts and croquet grounds can be made at little expense, to accommodate all, while plcnio grounds can be had large enough to accommodate parties of 1000. I will ask Mr. Expert to come away from the Arlington Club, Portland Ho tel, his auto acquaintances, and with one day alone go to the managers of our churches, Sunday schools, Y. M. C. A., Y. W. C. A., lodges, G. A. R. bodies and ask these people what is needed In this city. And the answer? will be "A people's park first, and then a boule vard if .we have enough money." ' No one would object to a boulevard for the use of the few who would en Joy it. If we had plenty of money and a people's park. But I think I voice 95 out of every 100 people In the city when I say, "Give us first a people's park." W. G. OBERTEUFFER. PRINCESS SAVES MONEY Mary of Wales, Aged 10, Is a Bank Depositor. . ' LONDON,- Oct. 26.-(Speoial.) Prin cess Mary of Wales, aged 10, Is a de positor In the Postoffice Savings Bank, and is said to be giving the promise of much acumen and ability in the management of her Independent es tate. The fair-haired little girl is a fre quent visitor at the Postoffice near Marlborough House. She knows- exact ly what to do when paying In money. Walking to the counter, above which her head Just reaches, she bands in her passbook together with the amount she has saved up, and on receiving the book back, looks carefully to see If the entry has been oorrectly made and stamped. . The little lady, who is entered In the Postoffice as "Mary of Wales," is, of course, always accompanied by her governess. - ) in . BAMi PAIS iPER CENT INTEREST AND "RETURNS THE PRINCIPAL' ALL SAVINGS ACCOUNTS Honored in full-without notice SOME BANKS PAY PART OF THE TIME PART PAY SOME OF THE TIME BUT ONE BANK PAYS ALL THE TIME" THAT ONE IS THE GERMAN-AMERICAN BANK. Gor. Sixth and Alder Streets, Portland, Oregon S T A R KE -DEUTSCHE SPAR BANK Autriorized Capital 5500,000.00 Louis J. Wilde, President. S. A. Reed, Cashier. James O'Brien, Vice-President. We Burg, Assistant Cashier. AMONG DIRECTORS and STOCKHOLDERS TJ. S. Grant, Jr., Capitalist, Pres.1 Omaha Independent Tel. Co.. .Omaha, Neb. Perry W. Weidner, President National Securities Co. and Vice President Central Trust Co : Los Angeles, Cal. Wra. H. Allen, Jr., President Title Insurance & Trust Company. .Los Angeles, CaL Lou3 J. Wilde, President American National Bank San Diego, Cal. M. P. Snyder, ex-Mayor Los Angeles, Pres. Cal. Savings Bank.. Los Angeles, CaL F. F. Graves, Capitalist, President Union Construction Company. .Los Angeles, Cal. n James O'Brien, formerly County Auditor. . : . . . .St. Paul, Minn. S. A. Reed, Cashier First National Bank Escondido. Wm. Burg, formerly Cashier and Director Brown Co. Bank New Ulm, Minn. James Porter, Banker Kewanee, 111. Charles 0. Porter, Secretary National Securities Company Los Angeles, Cal. Samuel E. Faroat, Merchant - Los Angeles, Cal. Rnss Avery, Attorney Los Angeles, Cal. John H. Bartle, President First National Bank .Monrovia, Cal. Mrs. Frances Piatt.. Los Angeles, Cal. C. A. Bailey, Physician Los Angeles, Cal. R. H. Marsh, Capitalist Los Angeles, Cal. N. L. BiehL Merchant Tailor Los Angeles, Cal. E. T. Cook, Physician and Siygeon : Los Angeles, Cal. Senator A. T. Courier (retired)... Pomona, Cal. I. M. Hollingsworth, Real Estate........ Los Angeles, Cal. Arthur Wright, Lawyer Los Angeles, Cal. W. H. Hervey, Vice-President American National Bank.... Los Angeles, Cal. J. B. Berner, Merchant ) Los Angeles, Cal. W. G. Barnwell, General Freight Agent Santa Fe Railway Los Angeles, Cal. Elise J. Lawbaugh...' Portland, Oregon. Callaghan Byrne, Capitalist Los Angeles, Cal. I. Isaac Irwin, Wholesale Merchant San Diego, Cal. D. C. Collier, Real Estate..." San Diego, Cal. Geo. M. Hawley, Hardware. . . ; .Oakland, Cal. H. E. Anthony, Assistant Cashier Merchants National Bank San Diego, Cal. Dr. Edward Gr-ve, Physician and Surgeon San Diego, Cal. W. L. Frevert, Furniture , San Diego, Cal. John B. Osborno, Capitalist Sah Diego, Cal. Charles L. Williams, Cashier American National Bank San Diego, Cal. Hpn. John F. Forward,' Mayor, of San Diego and President Union I Title Insurance Company... San Diego, Cal. THE ABOVE LIST Of well-known people are interested in the German-American Bank, some as Direc tors and all as Stockholders. They represent an individual responsibility exceeding SIX MILLION DOLLARS Their moral responsibility and- integrity no man can question, and it is folly for any person or any of the banks in this community to speak disparagingly of this institution; and I openly challenge you all for genuineness of purpose or for soundness and safety. This is an independent bank for the systematic savings and the steady commercial accounts of industrious people, GERMAN - AMERICAN BANK LOUIS J. WILDE, President N. B. Minnesota and California Headquarters C. GEE WO The WeU-Known Old Reliable Chines Root and nrb Doctor, Cures ubt and all diseases of men and women. Cbron le disease a specialty. Jfo mercury, poisons, .1 m ir . ar ooerations. SA It you cannot call. j - Diana aiiu ZcjlZH i-lom 4 cents In stamps. COXSCLTATIO! FREE. The C. Gee Wo Chinese Medicine Co, 162V First St., tor. Morrison, forttand. Or. Please Mention This Paper. CHICHESTER'S PILLS W. THE DIAMOND BRAND. 1S1I AmK your urnffiM for . C til-ches-ler Diamond Urand rill. In Red and Void metilluW. boe, Med with Blue Rlbboa. V Take a other. Bnv ef Tonr " Drorsltt. AikforCiri.CIlKH.TEir DIAMOND F.RAM1 F 11,1.8, for US years known as Best, Safest, Always Reliable SOLD RV IWGfilSTS FVFRYWHERE TRA.YXXKXIS' GUIDE. CLARK'S CRUISE OF THE 4ARABIC.,, 16,000 tons, fine, largo, O THE ORIENT February 6 to April 17, 1908. Seventy days, costing only iUOU.OO and Tip, Including shore excursions. SI'WIAX I'KA TL'RES: Madeira. Cadiz, Seville. Algiers, Malta. 19 Da la gypi and the Holy Land. Constantinople, Athens, Home, the Kiviera, etc. Tickets good to stop over in Europe. Tours round th world and to Europe, Sicily, tc. V. C. CLAKK, Times Bid., New York. HAMBURG - AMERICAN Twin-Screw Express and Passenger Servtca. Kaiserln Augusta Vic toria (new) Oct. 61 Graf Waldersee Nov. 2 BJuecher Nov. 7 I Pennsylvania Nov. 0 'Pres. Grant new)..Nov. Ifl Pretoria Nov. 23 Kainerln .Augusta Vic- . toria (new) Nov. 23 Among the special features of these ves sels are: Grill Room, Gymnasium. Palm Gar den, Rltr-Carlton Restaurants. Elevators, Electric Baths. London via Plymouth. Paris via Cherbourg Hamburg First Cabin Rate $50 to Europe Gibraltar Naples Genoa Hamburg; Nov. 5 Batavla Nov. 21 i-Moltke Nov 28 Pres. Lincoln (new). Deo. 5 Hamburg Jan. 4 Alexandria Bpec!,aaln:rsp iJAS b?V ur via Gibraltar. To Italy in 8 Days Br Tlrer Deatschland, Feb. 6, 'OS. Grand Winter Cruises to the Orient, West Indies. Superb Nile Service by new steamers. Tourist Bureau for general information. Travelers' Checks Good All Ovsr tn World. HAMBURG - AMERICAN LINE 008 Market Street. Baa Francisco. TRAVELERS' GUIDE. COOS BAY LINE The Steamship BREAKWATER leaves Portland Wednesday ut 8 I. M. from Oak street dock, for .Empire, North Bead and Marslitteld. Freight received till A P. M. on dav of sailinK. Passenger fare, first-class. $10: second-class. $7, Including berth and meals. Inquire city ticket office. Third and Washington streets, or Oak-street dock. San Francisco & Portland S. S. Co. From AInsworth Dork, Portland, 4 P. M. : BS. "Panama." Nov. 13, 25, Dec. 7, etc. SS. "Costa Klca." Nov., 7, 111. Dec. 1. etc Prom. Spenr Street "Wharf, San Francisco, n A. M.: SR. "Conta Rica," Nov. 14, 26, Dec 8. SS. "Panama," Nov. 8, 20. Dec 2, etc JA8 H. DEHSON, Agent. Phone Main 208. 24S Washington SI. Columbia River Scenery REGULATOR LINK STEAMERS. Dally service between Portland and The Dalles, except Sunday, leaving Portland at 7 A M., arriving about 5 P. M., carrying; freight and passengers. Splendid accommo dation for outvts and livestock. Dock foot of Alder st.t Portland: foot of Court st.. The Dalles. Phona Main 9H, Portland. WILIA1V1ETTE RSVER ROUTE Steamers Pomona and OresTona lor Salem and way landings leava Taylor-street Dock :4C A. Jat. dally (except Sunday). Oregon City Transportation Company Phono Main 40. A 231.