9
THE SUNDAY OREGOXIAX. PORTLAND, SEPTEMBER 13, 1903.
TVhat la the use of denying: the whole world Is stock gam
bling. It should not be so, but It Is so. Senators and ward politi
cians, bishops and curates, Judges and court criers, lawyers, doc
tors, tinkers, tailors and newspaper editors and all-round star
gazing moralists, and. and, and their mothers, wives and sweet
hearts, and Faro Jim and Race Track Dan and all the gang.
Some believe that the whole world is not stock gambling, but
I to whom they all come for a "heart-to-heart" "don't for good
ness sake give us away Investment" know that, broadly speak
ing all the world IS stock gambling. And why not? The age Is
a dollar age. a glve-me-ease-and-comfort-and-luxury-and-glve-lt-to-me-qulck
age, and the only respectable short cut to quick
and easy money Is a stock gamble. (
The bishop would not gamble In stocks or In anything else,
but his boy IS at college and his daughter MUST be brought up,
and while be and his good wife have oH and more to supply their
Individual wants, it is their duty "to Invest their little fortune to
the best advantage." Red Mike is "dead on to how the trick was
turned that shot Morgan and his pala to the top of life's ladder
and It is good enough for bis swag all right, all right.". From the
Indolent rooster on the top round to the one glued to the rung In
the mud and all the In-betweens, they are all gambling In stocks.
Few call their act gambling, but to us who have the hopper
end of the business, to us who look at the hopper's contents with
unshaded glasses, we know all the "Investments,'" "speculation.,"
"filers" and "business ventures" bear the same tag "stock gam
bling," "something for nothing." When the Philadelphia High
Church public purist was confidentially told that Harrlman was to
Jump the Union Pacific dividend to 13 per cent overnight and he
purchased- 5000 shares at 150 with his earthly all, jO,0)0, as
margin; and when Union Pacific Jumped to IBS. and his $50,000
turned Into 1:80.000, he knew he had only been Investing. But
when Union Pacific afterwards dropped like a bolt from the blue
to 100 and his. KtO.OJO had disappeared In pale yellow atmosphere,
and his Investment was a vacuum into which had been sucked all
the funds of Which he was Trustee, the Coroner found pinned to
his suicided remains this truth tag: "All that remains of a gam
bling thief."
All the world DOES stock gamble, as is evidenced by the un
blotoutable public records, which show
1st The Industries of the American people are represented by
170.000,000.000 of paper tokens, stocks, bonds, which are "dealt in"
on the Stock Exchanges.
Jd Tn purchase and sale of theae paper tokens each year
represent the employment of more money than all the manufactur
ing, all the farming and all the transportation business of the
American people.
3d The amount of deposited" money In the banks and trust
companies of America, which subsist directly and Indirectly on the .
business of ock gambling and which represents the capital and
savings of the American people. Is far greater In amount than that
employed In all other business.
4tb The amount of money taken each year for the living ex
penses of those directly and Indirectly engaged in the business of
stock gambling, not a man of whom ia a legitimate producer of
anything of value to hie fellows, is far greater-than that taken by
those engaged in managing any 10 lines of legitimate business.
5th The destroying-value and destroying-energy "effect on all
legitimate business of the American people by the rise and fall
of the price value of the $70,000,100,000 of paper tokens of wealth
produced through the agency of stock gambling -has been far
greater during the past 4) years than that produced by all the
earthquakes, floods, fires, famines, wars and labor unions.
6th The effect, the bad effect, the heart-depressing, soul
crushing, hope-destroying, energy-numbing effect on the American
people by the' accumulation of monstrously mammoth private for
tunes through the agency of stock gambling during the past quar
ter of a century is far greater than the ill effects of all the so-
clallstlc. anarchistic, laborlstic and professional thlevlstic preach
ings and practices of the past 200 years.
All the world IS stock gambling. If the American world
continues to stock gamble during the coming 10 years on the
Increasing ratio of the past 25, It Is Inevitable that the name
. "American" will hold but the same relation to human freedom as
the name Darwin does to man, as much, no more, i
No question, no combined 100 questions which will be asked
during the coming 10 years will carry the same vital Import to the
American people as the one. "How can stock gambling as at pres
ent conducted be stopped?"
There is but one way to stop stock gambling as at present con
ducted. And it is obvious to all students of affairs that there is
but one way possible, for all other ways have been tried, and have
failed, absolutely failed. Fearless President Roosevelt's efforts,
the efforts of Congresses, State Legislatures, the courts, the press,
the labor unions, the politicians and the muckrakers have abso
lutely failed. The recent past shows conclusively that In spite ot
the earnest efforts of these classes, stock gambling has not been
crushed out. but, on the contrary, mat It has flourished until today
it Is being carried on upon a 1000 per cent bigger basis than It was
25 years ago, and for evidence I point to the late October panic
where quicker, mightier and more dastardly brazen tricks were
pulled off with a 1000 per cent greater profit In money and "glory
than ever before.
The only way possible to stop stock gambling Is "National
Stock." -
1st Because "National Stock" Is already since Its recent
launching an assured success. It is now assured that the Ameri
can people, and Europeans will buy from its treasury unlimited
amounts of its unlimited possessions of "National Stock" until
2d "National Stock" will be possessed of at least, as much
cash for all practical stock market purposes as the System.
3d with this cash and its knowledge of the stock gambling
game and Its machinery for harnerslng this game, which knowl
edge and machinery Is as great as the System's, it will be able to
dominate the price of the J73,000,00j,000 of stocks and bonds aa the
System.
4th From the fact that it will never bring this cash, knowl
edge and machinery into play but on the RIGHT side of the
stock gambling game, and then only when the System is already
engaged on the WRONG side of the stock gambling game, it must
Inevitably have the System beaten to a shredded frazzle every
time it opposes them.
And now that "National Stock" has been successfully launched,
now that its pamphlets, reward blanks and orders, for stock are
rolling up an astounding success, and now that It Is patent to all
that "National Stock." in spite of the gigantic efforts of the System
through its. banks, trust companies, subsidized brokers and Stock
Exchange officials and that portion of the. press which Is in its
hire, has swept everything before it' until at present its fast in
creasing success is holding the attention of the whole thinking
world. It is meet that I should close the first chapter of Its history
and go to the second. " '
I can now say to the world what I could not say at its launch
ing without the danger of dampening the ardor of the scores of
thousands whose only enlisting motive was profit.
"National Stock's" foundation motive is to destroy stock
gambling.
"National Stock" will destroy stock gambling as at present
conducted, because it will first make so much money by making
at will the price of the $70,000,000,000 of stocks and bonds on the
Stock Exchanges, that the whole world will buy "National Stock,"
which in- turn will give "National Stock" such additional power
that It will either
1st Absolutely crush and destroy the System, or
. 2d Compel the System to abandon its present methods of
doing business. In which event "National Stock" will go out of Its
present business by merging Itself Into my final Remedy, and at
this merging it will return to all owners of "National Stock" their
original Investment plus the enormous accumulated profits.
In other words (I call the atteptlon of my most vicious critics .
to this most vital part of my pan), I knew before launching :
"National Stock" that If it once got the hold of the people It
already has secured that !t would quickly compel the System to j
abandon the methods by which the Synfem has been crushing the.
American people and adopt those employed by "National Stock," .
which acknowledgment of "National Stock's" success will In Itself
bring Into full play my final Remedy. It was for this great .
end more than the profit to Investors In "National Stock" that I;
tolled and schemed for 20 years to successfully launch my plan, j
because when once all the world realizes what has now become
risible to Wall Street that "National Stock" has the System on the
the realization will In itself fully bloom my final Remedy,
and my work will have been finished and the American people'
will have come Into their own.
Since the launching of "Naticnai Stock" the common rallying
ground of my critics has been "How can he be sure of success 1
when he enters the market against the System?" The answer j
should now be clearly vliible even to ordinary minds. Even If.
"National Stock" and the System were equal In cash, market!
knowledge and market machinery the System would go down be- ;
fore "National Stock" In every deal because "National Stock" will
never enter the market to oppose the System, but in cases where j
the. System Is engaged in one of its robbery-of-the-peopie cam-i
palgns, that Is, when the System has bid up stocks by dishonest I
methods to an artificial height for the purpose of unloading upon ',
the people, "National Stock, with Its newspaper advertising broad
Bides, will scream the dishonesty so fiercely and so shrilly aa to
produce a stock market panic, and In the inevitable tumble It will
make the millions the System loses. On the other hand, when thej
System, has dishonestly depreciated stocks to shake out the public,
as In the October panic. "National Stock" will raise the whole world j
to a buying movement which will make the combined efforts of'
Standard Oik Morgan, et aL resemble a cat-o'nine-tall dike in the
course of a Niagara.
The System can never corner or "panic-strike" "National '
Stock" in Its market operations,- because "National Stock's" opera- '
tlons will never be based upon a dishonest or artificial basts. And i
why should they be, when the System will supply It with all the:
opportunities it requires, or (and here Is the very nubblng of "Na-!
tional Stock's" reason for existence) the System will reform Its 1
methods and "National Stock" will have most gloriously fulfilled
its mission.
I will illustrate the" tremendous power of "National Stock t
make money and at the same time to crush the System.
AMERICAN
SMELTERS
The American Smelting Trust la probably the richest corpora
tion in all the world in its future possibilities for money making
for Its stockholders.
lst 14 hs great smelting plants scattered throughout the '
United States, Canada, Mexico. When business ia good it haa the
products of the richest of the continent's mines brought to its '
doors, and it coins money for its stockholders. When business Is
poor it takes out of the ground from Its owl mines their enormous
wealth, and coins money for Its stockholders.
' 2d Through It extraordinary opportunities for insight into
the best mines on the continent it has been able to buy the very
richest of them all and at bedrock prices, at bedrock prices because
It deals direct with the miners, and also because of this it has been
able to get together a band of the best engineers and experts, -which
in turn means that it will always have the best mining prop,
erties in he United States. Canada and Mexico.
3d ine business is In the hands of seven young, honest, able -men,
the Guggenheim brothers, who Inherited the business from
their father, who laid the foundations for Its enormous success.
These men are brainy enough to know that they can get more of
what is of value to humans out of their business by playing honest
and fair with the public than by doing otherwise.
4th The Guggenhelms from Inheritance and environment, and
business association trained with the System forces. They would
shudder at the idea of defying the System by affiliating with "Na
tional Stock." Therefore "National Stock," which haa no likes or
dislikes, but exists only, for the purpose of accomplishing its great
end in any legal'and .honest way. determined to connect up with
American Smelters without the by-your-leave of the Guggenhelms.
To that end, while Wall street wined and dined and carded and
mirrored itself into Its habitual state of "publlc-be-damnedness,"
"we-are-the-whole-shooting-matehness," "National Stock" burned
the midnight kerosene digging out the tacts and formulating plans
which when laid before him looked so good to one of the Rocke
fellers that he boarded the American Smelters express with the
determination to go through with It to Its plainly evident destina
tion success, tremendous success. It should be borne in mind, that
there is always some powerful member of the Rockefeller band
ready to board any Dollar enterprise which assures him big profits
for his capital. ' '
It should also be borne in mind that "National Stock" cares
not a finger snap who its fellow-passengers are in its market voy
ages provided It Is sure of" the honesty of the voyage and the
profits to be made from the trip.
The result: With Smelters selling at 57 I began an adver
tising campaign for its purchase, and it quickly mounted to 70.
where Its quick rise and my advertising arrested the attention
of two bold System plungers, who concluded that it had risen sole
ly because of my work and not because of the unlimited buying of
a Rockefeller.' These plungers laid out a campaign to sell Smelters
short. They were encouraged by certain powerful System men
who may or may not have been in league with the bull end of the
campaign but this is a story for future advertisement During
the past few weeks Wall street haa gazed open-mouthed at the
conflict which has waged around Smelters which soon became
evident to all, but which divided Itself to Wall street as the Sys
tem on. one side and "National Stock" on the other. The short
sellers have sold and sold and sold until at present time they are
probably short more stock than has ever been shorted since short
selling was invented. The paper losses to the two System plung
ers are enormous, for Smelters is now close to 100, but worse
than- their present paper losses is the fact that they know now '
that they can never buy back what they have sold without running
the price of Smelters into the. clouds. In the meantime the System
men who have encouraged them into slipping the noose over their
heads have consoled them and loaned them great blocks of Smelter
stock against the day of their final rounding up. In the meantime t
again "National stock"' stands ready awaiting the first sign of their
becoming panic-stricken and attempting to buy back what they
have sold when the stock will be Jumped so quickly and to such
heights as to drive another large nail in the coffin of the stock
gambling game, while Wall street is frenzledly guessing why
American Smelters Is acting so mysteriously.
I cite the above simply as an illustration of one of the thou
sands of possibilities of profits for "National Stack."
. The following is a morsel of reflection fodder for the shorts on Smelters. This one advertisement which goes all over the world and which will be read by probably 50,000,000 people will probably
create over 10,000 new buyers for Smelters. If they average 50 shares each their buying alone will cause the stock to advance $30 to $50 and the rise because of this buying should so panic strike the
lwu oystem piungers as to start them buying back the 350,000 to 400,000 shares they are now short, which in itself should carry the price to the 190 J. have Deen preaicung iur it, auuwmuu io n uicviwwo
it will sell at it sold last year at 175. Also by the way of comfort to the shorts. If this advertisement does not produce, the full effect it will be repeated until it does, for I have decided that one of my
duties to "National Stock" and the nuhlic is to r.rv t.rm merits of Smelters until I ha.va nlaned the stock in the hands of 100 times as manv stockholders as the Guirsrenheims and the System have been able
to secure for it by their combined ten years' efforts already I have probably more than doubled the number of its stockholders.
I ask again, as I did in my first advertise
ment, can any stock gambler intelligently an
swer this question "Why should he buy" 1000
shares of System stock, say Union Pacific selling
at 165, and put up $15,000 margin, which will be
lost in any of its numerous 15-point drops why
should he do this for the chance to secure a 10
point profit, or $10,000, when with the same
margin he can buy 30,000 shares of "National
Stock" at say $2, which in a short time will sell
at say $4, and thereby pay him $60,000 profit,
and at no time during the operation could he, in
all probability, lose his margin of $15,000, or 25
per cent on the price of "National Stock?" Jn
the first section of my campaign I did not en
courage margin-buying of "National Stock"
even by stock gamblers, but so great has become
the demand from this class that I now advise
all stock gamblers bear in mind I say stock
gamblers only; that is, those who insist upon
gambling upon margin in the System's stocks
to buy "National Stock" in preference to any
System stock, even Smelters, and I refer all such
buyers to the advertisement of C. C. Clapp &
Co., with whom "National Stock" has entered
into " arrangements for the handling of thi3
branch of "National Stock's" business.
THOMAS W. LAWSON
LEAD IN THE RISE
Harnimans . and Reading the
Strongest Stocks.
ST. PAUL IS THE WEAKEST
Wall-Street Traders Averse to Stay.
lag Short Over Sunday.
Trading on s Small
Scale.
NEW YORK, Sept. 11. The profes
alonal element in the speculation show.
ed some symptoma of disquiet over the
prospect of staying short of stocks
over Sunday. The day's short session
was dull and uninteresting and showed
no striking new phase in the situation.
The stiffening of the money market.
the omission of the American Loco mo
tlve dividend, the possibility of a sen
sational outcome of the Maine election
and the lack of proper moisture for the
maturing of the corn crop to the best
advantage were subjects under discus
sion. St. Paul was a weak feature of the
railroads and American Smelting and
some of the railroad equipment stocks
extended the decline in force when the
market closed yesterday. Remarks by
Influential capitalists, pointing to the
uncertalnness of politics, were Inter
preted as an admonition to conserva
tive action pending the result of the
Presidential election.
When prices started upwards, the
Harrlmans and Reading were found
again In their customary position of
prominence. The expectation of Harri
man's appearance on Monday In Wall
street seemed to have . a favorable
bearing on stocks bearing his namt.
Reading moved upwards anew on '.he
strength of winning by the coal roads
of the euit to test the validity of the
commodities clause of the Hepburn act
Money and exchange markets are lit
tle more than nominal on Saturday and
offered no important development to
day. The complexion to be shown by
the bank statement was considered
with Interest, but the statement, as is
now the rule, was not published until
after the stock market had closed. It
disclosed that the week's decrease of
cash had been closely gauged by the
preliminary estimates of between
$4,000,000 and $5,000,000. The heavy
expansion Dore on the reserve re
quirements as well as the net result.
there being a decline In proportion of
reserve to 38.72 per cent, bringing the
surplus to below $52,006,000, not an
aaequate supply for all normal necessl
ties ahead of the money market.
Bonds were Irregular. Total sales.
Pr vaiue, xi.gzu.uon. united States
unv;ija.nsea on can during
una ween.
CLOSING BTOCK QUOTATIONS.
Salfs. High.
14.8110 78
1.100 40
200 84
lit 2n
100 2i?4
.47 v;
Amal Copper . . .
Am Car A found
do pref
Am Cotton Oil .
Am Ha A- I.t pf.
Am Ice Scurlt.
Am Linseed .
Am Locomotive. .11.300
do Dref Si in Ins
Am 8melt Htt. .lg.200 8.1
do pref 700
Am Sugar Ref .. 400 13H4
Am Tob. pref
Am Woolen JJ
Anaconda Min Co 600 47
Atchison a.SHO JXH,
do pref auO Mil
Atlaa coast Lin 1110 torn.
Bait A Ohio .... l.luo luwZ
do Dref :
Brook Hap Tran
Can Pacinc
Cent LeaUier .
do pref
Central of X. J,
Chea A Ohio ..
Chi Gt Western .
Chi North wstn
Chi MM A St. P..
C. C. C. A St. L
Colo Iuei. Iron..
Colo A South....
do let pref .
do 2d pref . ,
Con Gam .-.
Com Product! ...
Del A Hudson ..
DenTer A R G- ..
do pref -
Distillers' Secnr.. 4.400 904
Erie 14.90O 30 1.,
do Jet prer .... 1.
do 2d pref ....
Gen Electric . .
Gt Northern pf.
Gt Nor Ore etf..
Ill Central ....
Inferbor Met ...
do pref
lnt Paper ...... ....
do pref
Tnt Pump .. !XV 24 V
Iowa Ceatral .... TOO 2ala
4.1(10 B.I
5"( 27
7u6
400 IRS
7.708 142
2.i(l6 S5i
ZKK) 37
co s
'boo' 172'""
200 27
SOO SAVi
6.V l.TT
2n
2."0 145
200 IIS
Cloelna-
Low Bid.
7(4 7S
3b 3
103
8414 35
20 20
2TH 27
102V4
45 4714
1V2 102',
t2ia vt
103 1M2-H
131 l.H't
94T4
24
4894 4714
M'4 aot4
US , 15
no .
11 '4
M
62 S2H
173 173H
-'7 27
2oS
4SH 43H
a
lea ie.i
14094 H2H
64i
8414 S5lJ
37 3H
BST4 6
BS M4
149 15114
IS14
172 171'J
27(4 2714
(W
2S4 S'VU
29(4 SO
43 -4 44H
8414 35
14.T
I.WS4 1374
! eo4
141 14"4
11 11.
3314
1
.... 87
234 24
18 27
Kan City So -
do pref 400 2!4
Loula A Naah 9u0 10914
Minn A St. L
M St. P A S S M
Mo Pacinc 80 6714
Mo K A T 1.300 3214
do pref 200 514
Nat Lead 1.400 S1T4
N T Central ... 1.700 107I
X T. Ont A TVeet. 500 4294
Nor A West ..
North Am
North Pacific .... 7,000 1434
Pacinc Mall "0 2A
Pennsylvania .... 8.700 1254
Peoples' Git .... 500 9694
P. C C A SL L..
P Steel Car ..... 1.10O 8394
Pull Pal Car
Rail Steel Spring 700 sn
Reading 81, TOO 133
Republic Bteei .. L300 23
do pref 300 HI
Rock Island Co .. 8.100 1
do pref 1.700 85 VI
St L & S F 2d If. 10b 2514
Su L Southwn
do pref
Sloes Shot SAL. 500 A3
So Pacific 29,100 10Si
do pref 300 119v
South Rr 400 23
do pref 7O0 ' M
Tenn Copper .... 300 8614
Texas A Pacific
Toledo St. LAW. 100 29i
do pref 200 57
Union Pacific ...T2.500 168
do pref 200 S4
C. S. Rubbar .... 1.20O 33
do pref 100 100
V. 3. Steel 17.800 47'4
do pref 1.100 UO
rtah CopiVer .... SOO 4494
Va Caro Cham .. 200 29
do pref 100
Wabaah Coo 12 -4
do pref 1O0 2S
Wee Electric ... SOO T4i
Wot Union 700 8094
TV: A L En ..
Wis Central '.... BOO 284 27
-Total SB Its for the day. 846.890 snares.
BONDS.
KKW YORK. Sept. 12. Cloalnr quotations:
62
10714
56
3194
RS14
. 81
10614
41
141 T4
2
124
9614
szii
35 i
ISO
22
7994
1RV4
33
2514
63
10S
11 94
2214
53
39
26H
'4
15 H
8IX4
3294
loo
44
10994
44
12
2fH
7414
60 14
2814
62,
108 is
28
121
57
3294
64
81 4
1071,
421J
74 V4
65
143 "4
214
3394
It
J.1-'
23
80 4
18"4
3514
25 "4
1714
444
63
10S4
119V4
22 T,
539i
38 'J
25
26
5614
167 H
S914
33
lOO
464
110
4414
28 '4
KW4
121
S6i
7414
60 li
S'i
2894
U. d. ref. 2s res;. 103 14
do eonpon. . . . 104
V. a 9a res; 101
do coupon . . . . 10 1
TJ 8 sew 4s re 1. 120 91
do coupon 12114
Atchison adj 4s. 24
D A R a 4s 92,14
N Y C G 31is... 92
North Pacific 3s. 7314
North. Paelns-4e.l0394
South Pacific 4s. 90
Union Pacific 4a. 103
Wlecon Cent 4s. . 87
Japanese 4s 60H
Storks at London.
LONDON. Sept. IS. Consols for
l 11-14: do for arcocnt, 8594.
Anaconda ... 9.6214 ;N. Y. Central.
Atchison 92.37 H'Norf lk Wei
da. pref. . . . 98. OO
Bait A Ohio. lOl.OO
Can Pacific. .178.00
Chea A Ohio. 43.50
Chi Grt West 6.75
C. M. A 8. P. 146.00
Da Beers 13.12 4
Z A R G 38.73
do pref.... 68(0
Erie 402.7
do- lst pf.. 43.50
do 2d pf . . 36.00
Grand Trunk 23.0O
III Cent 147.M
L A N ..1150
Mo. K A T. . 33.00
do oref
Ont A West.,
Pennsylvania.
Rand Minea. .
Reading
Southern Ry . ,
do pref.
South Pacinc.
'Union Pacific.
I do pref. . ...
V. 5. Steel...
do pref.....
Wabaaa. .....
(Spanish 4s. . . .
1 Amal Copper.
money.
109.00
1 77.00
83.00
43.25
64.00
7.25
67.00
22.62
54.50
108.25
163.1214
90 00
47.50
112.50
13.50
27.50
93.00
78.25
5
MARKET
F
Demand More Than Equal to
the Supply.
MOVEMENT BREAKS RECORD
Prices Are Strong All Day at Chi
cago and the Close Is Almost
at the Highest Point of
the Day.
CHICAGO,. Sept. 12. The wheat mar
ket displayed considerable bullishness
nearly all day, despite the record-breaking
movement of new wheat In the North
west. A slight dip occurred during the
first hour, due to selling based on the
liberal receipts at Minneapolis and Du
luth, hut the market soon rallied again
and continued firm the remainder of the
day. Arrivals today at Minneapolis were
636 cars and Dululh repo'rted receipts of
620 cars, while Winnipeg followed closely
with 337 cars, compared with 36 cars a
year ago. -This enormous movement
failed to affect the market to any great
extent, because of the fact that the de
mand for cash wheat In the Northwest
was more than equal to the supply,
and today's entire receipts were eagerly
taken by millers within an uour after
they were placed on sale. A few of tha
bull leaders who were free sellers yes
terday gave the market vigorous sup
port today and this buying was largely
responsible for the firm tone which pre
vailed the greater - part of the day.
Higher cables, continued dry weather in
the Southwest and firm markets for
cash wheat at all grain centers In this
country were factors that Inspired bny-
irur. Burnt export business was reported
today. 60 boatloads In all, with six loads
from Chicago. The market closed strong
at almost the highest point.
Heavy realizing sales caused weak
ness In the corn market early In the
day, particularly In the September de
livery, which declined lc during the
first hour. The market, however, be
came oversold and In an attempt to
cover earlier sales, pit traders bid up
prices. More reports were received
today telling of damage to pasturage
by the dry weather and many of the
advices claimed that green corn was
being cut and fed to Btock. The mar
ket closed steady with prices He
higher to Mo lower.
The early weakness of corn had a
depressing effect on oata but late in
the day the' market became quite firm
owing to buying- of the May delivery
by a leading cash interest. The mar
ket closed, steady with prices un
changed to He lower.
Trade In provisions was on a large
scale and the market displayed de
cided strength. The market closed
steady with prices at the top notch,
up 7 He to 25c compared with the
previous close.
The leading futures ranged as follows:
WHEAT.
September
December
May
Open. Hlrt.
Ixiw.
874s .US
1-0154 1.01
CORN.
September ... .81 .81
l-OO
Close.
-H
.98
1M
December
May ,
September
December
May
September
October ..
January .
September
October ..
January
September
October . .
January
.80
.68 4
.66 5k
.81
,H94
.6714
.48 14
4T
.62
.4914
-ooJ.4
J2H
14.99
14. 5
"10.90
15.00
15.0714
17.00-
1O.02V4 10.16
10.05 10.15
S.92H
.60
tt.65
8.9214
.64 .6054
... .67fc .67H
OATS.
... .494 .494
... .5(l4
... .0214 .52J4
PORK.
...14.95 16.00
...14.9714 15 '0
...16.90 17.00
URD.
...10.05 10.10
...10.0714 10.15
... .sa V.IWls v.u
SHORT RIBS.
... 9.57H 60 S.87H
... 9.5214 B-63 9.50
... 8.8714 8.95 8.85
Cash, quotations were as follows:
FIoui- Steady. Winter patents, $4.0043. 70;
straights, $3.90tT4.60; Spring patents. 5.10
5.40: straights, f45; baker's. I2.80e4.10.
Wheat No 2 Spring. 81.01; No. 8, 94cS
J1.06rNo 2 red. 98HSHe.
Corn No. 2. 8114081 Ho; No. a yellow,
81ttSlc
Oats No. 2 white. Sic; No. 8 white, 48H
5014c.
Rye No. 2. TBTSHe.
Barley Good feeding, 6o62e; fair to choice
malting, 63Q6flc
Flax seed No- 1 Northwestern. I1.25H.
Timothy seed Prime. 83.50.
Short ribs Sides (loose). $0.37H&-75.
Pork Mess, per bbl.. I16.0.V315-
lard Per 100 lbs., $10.0214.
Sides Short, clear (boxed), $9.509.70.
Whisky Basis of high wines, $1.37.
Receipts Shipments.
Flour, bbls.
Wheat, bu.
Com, bu. ..
Oata, bu. . .,
Rye. bu.
ItO.200
12O.WT0
2XH.400
377.500
6,000
Barley, bu 11.20O
26,500
7:t..io
222,200
225,500
2.7K)
44,000
Grain and Produce st New Tort.
NEW TORK. Sept. 12. Flour Receipts
14.400 bbls.; exports 10,000 bbls. Quiet, but
steady. Minnesota patents 83.35eo.75, Winter
straights $4.1094.25. Minnesota, bakers $4-209
$4.65, Winter extras $3.4O8.80. Winter pat
enta $4.40(64.76. Whiter low grades $3,309
$3.70. - - -
Wheat 'Receipts 76.000 bushels; spot barely
steady. No. 2 red $l.03!44)l.o elevator: No.
2 red $1.0414 f. o. b. afloat; No. 1 Northern
Dulnth I1.09T4 t. o. b. afloat; No. 2 hard
Winter $1.0H t o. b. afloat. After a steady
openlnic, based 00 Aim cables, wheat eased
off on Northwest selltar and with corn US-He
lower, September closed $1.05 H. December
$1.05H. May $1.07.
Hops Dull; Pacific Coast 1807 crop BTla,
1906 3W5c.
Hides Quiet; Bogota lSH319He; Central
America 20c
Woo) Steady; domestic fleece 301? 3214c
Petroleum Steady; refined New York $8.75;
Philadelphia and Baltimore $8.70; do In bulk,
$4.95.
Crsla st Seat Francises.
-Finn.
SAN FRANCISCO, Sept. 2 Wheat-
-Karlej.- t-.-y.
Spot quotations
Wheat (Shipping. $1.63 9 1.6614 ; milling.
$1.65 1. TO.
Barler Feed. $1.321401-33; brewing. $1.35
e 140.
Oats Red. $1. 6591-90; white, $1,609
I.7214; black. $2.40('2.50.
Call board sales Wheat No trading.
Barley May. $1.38; December, $1,339
1-S3H.
. Corn Large yellow, $1-85 L8714.
JSnropoaa Grata Markets.
LONDON. Sept. '12 Cargoes, quiet but
steady. Walls Walla prompt shipment, at
17s 6d; California, prompt shipment, at 3Ss.
English country markets, steady. French
'country markets, firm.
LTVERPOOU Sept. 12. Wheat Septem
ber. 7s 6d: December, Ts 614d; March, nom
inal. -Weather fine.
Wheat mt Tneonrn.
TACOMA. Wash.. Sept 12 Wheat steady
and unchanged. Milling: Bluestem, 9.1;;
club. 91c; red. 89c Export: Bluestem, 92c;
club. SSc; red, 86c
New York Cetioa Market.
XEW TORK, Sept. 12. Cotton future
closed steady. Closing bids: Septem
ber, 8.75c; October, 8.80c; November,
8.58c; December, 8.81c; January. 8.51c;
February, 8.53c; March, 8.57c; - May,
8.62c.
TRAVELERS' GITIDK.
PORTLAND KY LIGHT A rOHlB CO.
CARS lAAVK.
Ticket Office and Ws King-Room,
First and Aides streets
FOR
Oresron Citr 4. 6:30 A. M . and every
2r minutea to and lncludlug 9 P. M-.
then 10. HP if. ; last car 12 midnight.
Greeham, Horllig, Kagle Creek, Kate.
sada, Cazadero, Fairview and Troue
daie 7:15. 9:15. 11:15 A. M., 1:15, 8:45.
. 10, 7:25 P. M.
FOR VANCOUVER.
Ticket office and walttng-raom Second
and Washington streets.
A. M. :15. 6:50. 7:25. 8:00, 8:SS,
9 10. 9:50. 10:30. 11:10, 11:6a
P. M. 12 BO. 1:10. 1:50. 2:80. 8:10,
3:50. 4:30. 5:10. 8:50. 6:40. 7:05, 7:4
8:15. 8:23. 10:85", 11:45".
On Third Mondar In Every Month
the Lsat Car Leaves st 7.-06 P. M.
"Daily except Sunday. Dally except
Monday.
Cfias. R. Spencer
Fast
Steamer
Dally round trip, except Thursday,
Astoria and way landings, leaves foot
Washington St. 7 A. M.; leaves Astoria
2 J. M.
FARE.' $1.00 EACH VAY MsfiALS, 60s
Sunday Excursions 8 A. M.
$l.WO ROUND TRIP.
Phone Main 8618.
COOS BAY LINE
The steamer BREAKWATER Icavtw Port
land every Wednveaday at 8 P. M. from Oak
a treat dock, for Korth Bead. Mjirabfield mad
Cooe Bay points. Freight received Uli P.
M on dtey of salllnc Paaaenser fare. Arst
clasa, $10; Mcond-ciaa.. S7, Including bertlk
and. meals. Inquire city ticket oftice, Totrd
and Warning-ton streets, or Oak-street dock,'
KEG TJXsATOK UX.
Fast tiiiuaor Bailey UuUert,
Round Trips lo Toe Ualles Week Day Kx
cept Friday. ivave 7 A. H.
Round Tripa to Cascade .Locks Sunday
Leave tf A. M.
1ALLES CITY AM) CAPITAL CITY
Maintain, daily service lo The Ialles, eacept
Sunday, calling at all way landings tog
freight and. paaengera Leave 7 A. al.
Aldir-Street Dock.
Phone Alain l14, A 611
TOURISTS
Don't fall to im the Cascade Locks; enjoy
8 or 4 hours' rest and reereaation viewing
the arrandest scem-ry in the United States.
Vlsft the Mountain Ket Bungalow and par
take of the finest dinner served outside tha
City of Portland. Special rates on boat or
trains. oo ana one-nan nou-r rtde from
Portland- Take steamer Bailey Gatxert at
7 A. M., return by train arriving in Portland
at & F. M. Four hours at the Locks. .