."I
'I
THE OREGON SUNDAY JOURNAL, PORTLAND: SUNDAY MORNING, OCTOBER 20, -1807,
SI
u
.1
By Tpolliii? Tlieir Hops vthe '-
r Growers May Be " Able to
Save 'Some of Their Money,'
AVheatJrakes a ScnsatlonnJ
Advance Again in. the East
ern and Liverpool Markets;
, , 1 f ' "i " 1
Latest Market Reviews
; . n . Ml
;; t - v ! :
W WE HNMCIAL WORLD
W1 he Trade
IIHIE FEAR
OF WHEAT DROP
Shortage is Proven1: and Too
Much demand Is Shown
for, Growers to Worry.
"W ... "
, -v
- By Hyman It. Cohen.
S fully three quarters of the total
wheat produotlou of th north coast
ha been void by producer at the belt
prior they ever received fur their
product.
All through the week there continued
henry selling! of wheat and even Wits
Urge volume pf purchase! did Dot keep
, I. . ... I. . M ' J I 1111.11.
iu miiAti nurn wavancing. yvhui
there was a temCorury check In opera
tlona due to the sharp declining prices
In domestic and foreign markets, values
held remarkably well throughout the
Pacific noithwoxt. Kurlj- In the week
growers were paid on a uasis or ic a
ousnei icr piuestem ana sue lor ciuu
track coast.
Much the larger per cent ,of the pur
chases were for foreign account tho
fore part of the week hut with the lat
ter flump abroad, this buying ceased
temporarily and millers took (he place qf
uie roroigncra in tne ouying Held. Ttw
purchuses of the latter were curtulled to
some extent by the lack of demand or
even Inquiries for flour from the orient
because of the record-breaking figures
quoted on mat product thin ween. How
ever, there Is little frar expressed by
producers that the market will go much
lower, simply because a shortage In the
world's supply is proven and if the lo
cal market should happen to go it frnc
lion lower tlio eastern millers are very
anxious 10 ouy. I hen again it is not
a sure thing (hat we have not already
sold and contracted to outsider more
wheat than we can spsre.
The barley and oats markets continue
to excite wonder from the dealers be
cause of their great strength. Both of
these products are still tielng purchnsed
py .me esstern iraae nut this movement
Is likely to Stop because there 1m every
Indication at tnls time that the coast
market will go beyond an eastern-ship
ping basis because we need tint rest of
tho supplies ourselves.
MANCHURIA FLOCH MAUKKT.
Much Competition Is Shown Between
American mid KumnIuii Products.
A report from Consul General W. I.
Straight, of Mukden, nays, in the Dully
Consular Reports, that it Is staled that
Russian flour from the Harhln mills
will shortly be placed on the south
Wanrhurliin market to compete with the
American article, of whloh during 1906
274.191 plculs, valued et 8H1.124 halk
wan taefs, or about S 86 S.rt43 gold, were
Imported through Newchwani:, with un
sverag larger amount through Dalney.
Mr. Straight continues:
Russian flour Is to be purchased by
local dealers through the Kusko-CIii-nese
bank and will be sold t Mukden,
wholesale, at about $2.30 small culn or
ippmxlmately $1.1 0 United Slates old
rer bag, (49 pound). American flour
s now selling wholesale at about $2 50
small coin per Uik. but owing io the
rise on the American market this price
can h"UJ only while storks ordered prior
to that rise are obtainable. Jn les than
six months there has ljen an Increase
of 80 gold rents per bnrrel In the c. 1. f.
price at Yokohama and Kobe, virtually
the same rate holding nt Dalnv. Amer
ican sales would therefore seem to be
serlonsly menaced by probable Husslnn
eompetlt'lctn. The nblllty of the Harbin
millers to undersell the dealers In our
flour will be Increased bv the Improve
ment, shortly to be effected, of fa
cilities lor transhipment from the Rus
sian tn tho Japanese railway systems.
It should be remembered. In connection
with tills desire of the Russian Inter
ests to enter tho field. tht the Harbin
mills were considerably nlarged during
the inte war to supply the Manchurian
armies. Owing to the withdrawal of
me troops, nowever, they are now
forced to seek their markets elsewhere.
The Kuaso-Chlnese bank Is reported to
have advanced considerable sums to the
mill owners, and it Is largely to protect
their own Interests that the bankers nro
Interesting themselvejt In extending the
Hour nusinesa in southern Manchuria
American millers piny bo Interested to
jearn mat the Chinese prefer their na
tlve flour, ground by hand or by horse
or mula power, to the foreign product, on
account or the greater proportion ot
gluten Contained in the former. They
state that the native article, which mav
be likened to the American graham or
whole-whcaf fliur, possesses more "li.
Or strength. It sells for about $6.90
amall com per 100 catties, or about 15
cents (silver) on a 49-pound bag higher
than American flour. An attempt to
pot graham flour on tho market In
Manchuria might be attended with ex
cellent results, and millers interested In
making a trial shipment should com
municate with firms trading In this re
gion addresses on file at bureau of
manufactures), one of which during the
past year Imported large quantities of
American riour.
CHEE8B New Full cream, flats.
ic per id; young' Americana. 17 J
per lb. ' J
. POULTRT Mixed . chlckena, II i
id; rancy nana. lZfMZHn roosters,
old. lOo lb: fryers, lltff TlUo lb: broilers.
Jl12H; ducks, M Ibi geese, old. 8f
10c lb; turkeya. lfillo lb for old:
VMuaun. ta.uu qui, pigeons, fl.ID uos;
dressed poultry. ll,',io per lb higher
Xopa, wool and Hldea.
HOPS-1907 crop Choice. $Ho
prime to choice, be; ordinary. 7j'Hc
III", riiuivw, vv I
WOOtr-1907 clip Valley, 20I1C
aairrn orffun, lew. JO.
MOHAIR New 07 20lUe.
SHEKrflKINB Bhearlng. ltfliJOc
escn; rnori wool, ztiw4Uc; medium
wool, bontibo each; long wool 76411
each. -
TALLOW Prima, par lb. $V44c:No.
t nnu grease, ZCTZftC
CH1TT1M BAHK e7c
rrulta and Tagetablea,
POTATOES Fancv. II. 0001. it. aell
lng; buying, white, SOtyg&c per aack
aweets. !Uc per lb.
viaiu.-Mt jonoing price Oregon. IZ.oo
yit zd; Duying. ii.60i8P j.es; garlic, 7c lb.
ArrL.1,3 nw ll.Q0CH.7b. ,
FREKH FRl'lTS Oranaes. tS.KOvba
nqnas, fo per lb; lemons. $6 96.60 box
limes. Mexican ti ner 100: nineaonles.
- ..... r. , ' ' - ' C. "If..'
i.iit.u anz; grapea, 76c"i 11.76
Concords, He: peaches, 80c$1.00
ftlinll imnAi If r.. Bl.,ni.UnB Hi.
crabnpplea, 'e ib;'Hnrtlett pears, fl.ZlS
i'iv iier dux: casaDas, 11 uoc
VEOKTAULK8 Turnlna new BOcffl
$1.00 ss;k; currots, $1.00 per aack;
beets, $1.60 per sack; parsnips. ll.OOijy
i. to, eaoosEe, ic id; tomatoes ur
fon, JiXttibc; beans, icrqic; green
4?i$c; per lb; cauliflower 11.00 Dei dot
peas, Ec; hnrscrudish. 8c lb; srtlchokes,
S6fi)76c dox; green onions, 15c per dozj
iteu peppers, 7pc per lb; hothousa let
tuce. $1 box: eucubibers. hothouse. 18
4f2le dot; radishes. 15c dox bunches:
eggplant. $1.6001.75 box; green corn,
7Gc sack; celery. 75c$l; cranberries.
t.outrj B.uu per uox.
Orooerlaa, Mnts, Sto.
Bi OAR California and Hawaiian
tune, 16.12: powdered. $5.7H: berry,
o(Ji; dry granulated, $5.87Vi; Star,
oil'; conr. A.. Io.KT": extra ki.
$5 S74: aoldcn (1 16.27 U: I) vellow
$e.l7H: best granulated $5.714; bar
rets, ivc na r barrels. 2&c: boxes. bUc
advance on sack basis.
(Above prices era 20 davs net cash
quotations.
HONKi $$ 80 per crate.
C'OFl''KE Package brands. $15,88 3
16.63.
BALT Coarse Half (round. 100s.
$12.50 per ton: 60s $13 00: table, dairy
bOH, $17.60; 100s. $17.25: bales. $2.26:
mnorted Liverpool. 50s. $20.00: 100a.
$19.00: 4s. $18 00: extra fin barrels: Is.
5s and 10s. $4.606.50; Liverpool lump
rock, $20.60 per ton; 60-lb rock $11.00;
UUS, 110.60.
(Above prices apply to sales of less
than car lots. Car lots at special prices
ubjeet to fluctuations.)
KICK Imperial Japan, No. 1. 6c; No.
SViftotc; New Orleans, head, 7c;
AJax. Ec; Creole, 5 He
M is A Na Small white. 14. Z5: largs
white. $4.10; pink, $4.10; bayou. $5.80;
Umas. $6.60; Mexican reds, 4 He.
N UTH Peanuts. Jumbo, se per id;
irglnla, 1c per lb; roasted, 9w9V4c
er lb: Japanese. 7c: roasted. 7(oc
per lb; walnuts, CaJIfornla, 17 He per lb;
pine nuts. 1415c per lb; hickory nuts,
10c per lb: Brar.ll nuts 18c per lb; fil-
erts. 16c per lb: fancy pecana, 184J20C
per lb; almonds. 19c.
Meets, Pish and Provisions.
FRESH MEATS Front street Hogs.
fancy, 8c per lb; large, 78c per lb;
eai, extra, khwhc per id; ordinary.
8c tier lb: heavy. 64f7c uer lb: mutton.
farfcy, 8 9c per lb,
HAMS. BACON. ETC. Portland pack
(local) hams, 10 to 12 lbs, 16c per lb;
14 to 16 lbs. 16o per lb; 18 to 10 lbs,
15c; breakfast bacon, 16H22c per lb;
picnics. 10c per lb; cottage roll, lie
per lb; regular short clears. un
smoked, 12c per lh; s. loked, 12c per lb;
clenf backs, unsmoked, 12c; smoked. 13c
per lb; Union butts, 10 io 12 lbs, un
snoked. 12c per lb; smoked 13o per lb;
clear bellies, unsmoked. 11 He per lb:
FIFTEEf DOLLARS A BOX FOR OREGON APPLES.
i ' , r Y 1 v,
N ..' V N Y;
1
Wtfo CjETLEY APPLES
SOME OF HOOD RIVER'S BEST.
Oregon's apples are acquiring new
reputation every day In every section of
the world. A year ago Andrew Carne-
le. tho former steel magnate, purchased
0 boxes of Wlnt- Banana apples fnm
local firm and was so greatly pleased
hat other shipments were made. Yes
terday Dresser & Co. of this city
shipped five boxes of Ortley apples to
Pittsburg which will cost too receiver
$16 a box, or nearly 20 centa for each
nnple. The fruit was grown by Peter
Moore of Hood Hlver and are said to be
among the best applca ever grown In tno
world.
ROWERS HAVE SOLUTION OF
HOP PROBLEM IN THEIR GRASP
By Hyman H. Cohen.
Perhaps the present hop market will
teach the producers a lesson and per-
ans It won't.
ihere have been otner nop manteis
imllar to the one now ruling, und the
eesons so received nave in most m-
tances been wasted, simply because
hopgrowers tire Just human. They, like
almost every other mortal thai ever
lived, want to obtain as hi:i a price. lor Uty. . Latcri lnjthe .week pric
their labor as possible, so they uMjTAfjVf Jt., JtfrlylbJn.afli cftVBl ky I scarce
smoketl, 13 He per lb: shoulders, 18
pe'lb; pickled tongues. 70c each.
LOCAL LARD-Kettle leaf, 10s. 13U
par-in; as. 3c per in; bo-id Tins. iz
per lb; sleam rendered. 10s, 12Vic per
id. os. iitc per id; compound, los,
FRONT STREET REVIEWS.
in
Brief Rejorts of Various Lines
the Local Markets.
8uppllea of salmon are better but
demand la so good that prices are easily
maintained.
Apple market Is steady but sales are
remarkably small for this time of yenr.
Shipments of grapes arc decreasing
and prices are holding better.
Tomato market dropped very low the
past week. This market has been slow
lor some time under heavy nrrlvals and
the trude tried to hold up values.
Potatoes sold " quite freely to , tho
aouth this week at a fractional advance
In prices; onion market is stronger with
very small offerings and prices tend
higher.
Dressed meats sold well,the past week
at printed prices-.'
Chicken market is In fair shape with
all arrivals being picked up.
Celery supplies are Increasing with
prices easier. .
Egg market 19 holding very firm for
tnr.nl mtnnr hut Almtpm flrfl eimler OwfllfT
to the heavier offerings.
Flotir advanced 15c per barrel the past
week with the higher cost uf wheat.
The Western Sugar nfrflnery ad
vanced all its prices on sugar 10c to
; meet the advance made by tne tan
fnrniu ft, T-iawotlnii eoiTinanv.
Front street prices:
Ce-roln, Tlour and reed.
" GRAIN BAGS Calcutta. S
lots; amall lots, 9 He.
WHEAT New Club, 87c: red Rus;
elan., 84c; bluesUro.- 8c;..vallty, 86c.
CORN Whole, $S2; cracked. $33 tori.
BAULKY New Feed. $21 4f 27..50 per
ton; rolled, $8031; brewing. $2'J.
RYE $1.65 per cwt. , .
OATS New Producers' price No. 1
white, $28.01 per ton; gray, $27.50.
v t'LUUK Kaatern urcgon puiems,
$4.95; atraigbts. $4.50; exports. $4.10;
valley, $4J.60; graham, fcs. $4.50;
whole wheat. $475; rye, 60s, $5.i0:
bales. $3.00. . .
MIILSTUFFP Bran. $19.00 per ton;
middlings, $28.60; shorts. country,
$22.60; city, $21.0; chop. $16.00210O.
HAY Producers' price Timothy, Wil
lamette valley, fancy, $17.0018.00: or
dinary, $12.00M4.00; eastern Oregon,
$18.00 M9.0o: mixed. $10.00 010.80; clo
ver, $12.00013.00: grain, $1200013.00;
fheat. $12.0013.6o. T
- Better. Znt and Fonltry.
"i BUTTER FAT F. o. b. Portland
Sweet eream, I3H6S flnr, $!HcA ,
v lJUTTER Extra fartcy cw-amr)r. 85;
'fnhcy,-32V4c; orditiaryv S031 c: east
rn, 244c: ator Oregon, 20a 22 &c: ,
taatero gtorage, 27 28c ,, , -
11 Tie per lb.
FiKH Rock tod, 7c per lb; flounders,
c per id; nanuut 7c per lb; striped
nasa, jdc per io; catnsn. li per lb sal
mon, fresh Columbia Chinook, 8c per
id; silvers, io per id; herrings, fic pe
lb; soles. 6c per lb; shrimps, 10c per
io; percn c per id; lomeoa, c per in;
lobsters, 25c per lb; fresh mackerel, 8c
per id; crawnsn. zdc per doien: stur
geon, 12c per lb; black bass, 20c per
in; snver smeu, ic per lb; rroxen shad
6c per in; Diacg cod, 7Vtc per lb.
OYSTERS Shoal water bay, per gal
Ion, $2.r.0; per 100-lb. sack. $5.00: Olym
pla, per gallon, $2.40; per 100-lb. sack,
$. 00(06. 50; Eagle, canned. 60c can; $7
ciozen; eastern in sneu, i.7& per hun
arcd.
CLAMS Hardshell, per box. $2.40
razor clams, $2.00 per box; 10c per doi,
Paints, Goal Oil, Etc,
ROPE Fure Manila, 144c; standard,
12c; sisal, lOHc
COAL OIL Pearl or Astral Cases,
19Uc per gal: water white. Iron bbls.
14o per gal; wooden, 17c per gal; head-
jignt. 170 deg.. cases. zic per gal.
GASOLINE 86 deg., cases, 24c per
gai; iron hbis, ic per gal
BENZINE 63 deg.. 'cases, 26c per gal
Iron hhls. 23c ner u-al.
TURPENTINE Id cases, 96c per gal;
wood bbls, 93c per gl.
WHITE LEAD Ton lots. 7 Sic per lb:
bixi-io lots, sc per id: less lots, sv.c
vv jke NAlLo- 1'resent basis at iz.zo
per keg.
PRICE OF NEVADA
SHARES IN FRISCO
large
(Leased Wire Overbeck & Cooke Co.)
San Francisco, Oct. 19. Although
the mining marKet has held steady
during the past week In face tf the
weakness in eastern stoexs. it 18 not
likely to advance In face of that sltua
tion. The temperature of the local
traders Is to await a more settled con
dition though. This market was sold
out in advance of the Wall street break.
Bid prices:
OOLDFIELD DISTRICT.
Sandstorm 18c. Columbia Mt. 22c.
jumbo Kit, Sdcs vernal 8c. Pennsyl
vanla 3cA. Booth 22c. Blue Bull 18c.
Adama 8c, Silver Pick 25c. Nev. Boy 3c,
m. is. u;xi. 4c, uiue wen sc. Dixie c,
O. Columbia 25cA. Hlbernia 3c, St. Ivea
4 0c. Conoueror oc. hik. Kock 2c. I.one
Star 12c, O. Wonder 2e, Potlach 40cA.
Oro 8c, Kendall Ext 2cA Mayne 3c,
Atlanta 25c, Great Bend 29c, Simerone
7c, Jimplre Be, Ked lop Jxt. 16c, Flor
ence 2.00. Dlam'f B. B. Con.'. 16c, G.
Daisy 52c. Commonwealth 19cA. Comb.
Frnct. 94c. Or. Bend Ext. 6c, Gr. Bend
Anx. 7cA, Millstorm 25c. B. R. Uonanri
3c, Kewanos 2zc, Esmeralda 6cA,
Cracker Jack 8c. Red Hill 24c, Mohawk
Ext. 6c, Lou DiRon 7cA, Y, Tiger lOcA,
Oiandma 7c, 8. Pick Ext, 4c, Y. Rose
6c, Col. Mt. Ext. 3c. Goldf. Cons 4.95,
Diam'f. Triangle 6c.
BULLFROG DISTRICT .
Bullf. M. C. 6c. Mont. Bullf. lc, Nat.
Bank 9c. L. Harris lc. Amethyst 10c,
Oold Bar 40c. Steinway 5cA. Denver'
Euf. Anx 3cA. Bonnie Clare 24cA. Mayfl.
Cons. 19c. Monty. Ohio Ext Sc. G.
Scepter Eci Monty Mt. 4c, B. Daisy 8c,
Homes tnke. Cone. 65oA, Yankee Girl 24c,
Nugget 4cA, Tramp Cons. 19c, Victor
Jc. North Star 2cA.
TONOPAHS.
Mont. Ton 175. Ton. Ext l.STH, Mac
Namara 22c. Midway 60c. Ton. Boll
mont 1.16, Ton. No. Stur 10c, Ohio Ton.
3cA, West End Cons. 40c, Reacua 8c,
Ton. A Calif. 7, Golden Anchor 6c, Jim
Butler 52c, Ton. Cash Boy 3c, Tbn:
Home 2c. Monarch Pitts. Ex. 4c. Mont
Mid. Ext. 2c. Golden Crown 4cA.
S-Vvt' "vVARIOUa' ,PI3TBJCTS.:
"t FalrTl Silver : King ItcA. FalrV. TOc,
Nevada HIUs. $.60, Tlttsburg Sliver
Peak 1.15, No. Star Wonder 3c, Eagla'a
Nest S3c, Ruby Wonder 2.40. . v
to pick their hops, aome of them going
to the extent of mortgaging their yards
In order to let tho bears make more
money. The money borrowed is being
rnllod in by the banks, Hnd the result Is
that growers thus placed are getting on
the anxious seat.
During tho past.week a few sales were
reported as high as 10c a pound, bu
this was nearly In the period and wa
mane only ror lots or exceptional qua
DECLINE MARKS LIVESTOCK IS
STOCK MARKET HOLDING SAME
Past Week Shows Feverish
. Trade With Sharp Losses
in All Shares.
(Hearst News, bv Leased Wire.)
New York. Oct. 1 Today s V
stock market showed Improve-
ment, although Berlin was weak
and dull. Paris was firm and
London was strong and narrow. 4
Americans In London niad' Ken- 4
era I rallies. The bank state- 4
ment Waa fully as favorable as
expected or predicted by the
most optimistic. Surplus re-
serves were more than d.iu- 4
bled, the Increase in this lii-m 4
amounting to $6,527,200. The f
cash Item dlsclosol a net pain of 4
$6,443,100. Loans decreased $6,-
666,300. while denoalla made only 4
a nominal contraction of $336.4011. 4
Not a Single Change Made
in Values in Local Yards
During Past Week.
PORTLAND LIVESTOCK RUN
Hogs. Cattle. Sheep.
STOCK MARKET LOSSES
Amalgamated .2fe8t. Paul
SI Colo,
Fuel . . .
V Erie
IUt. Northern.
VijL. A N ,
H Katy
ti Nat. Lend ...
1 ac. . . .
Car Foundry.
Locomotive .
Sugar
Smelter ,
Atchison
B. & O
Missouri Pac. 1 la i North
N. Y. Central. VS. I'
Penn L P
People's Gas .. V l 8. Pteel .
Reading 24 do pfd ....
Brooklyn .... 1 i
STOCK MARKET GAINS.
111. Cent lH!Canudlan ...
C. & O Vi
14
'
1 Hi
IS
Vi
H
Past week
Previous week
Year ago
Previous year.
. .1906
. . 701
. . 259
. . 985
962
1030
608
440
88
1961
6117
904
eager to grasp at anything that prom
ises them something butter thuu ihei
other fellow Is offering. I J
For this reason tney so eagerly
grasped at the report of Pincus and
other bear leaders lhat the crops would
be considerably short of what tney were
expected to produce tins Derore tne
harvest had started, when growers were
down on their luck and most of them
were talking of abandoning their yards.
According to reports then spread
Just for the purpose of catching these
same growers tne near lesaers saia
that Washington and Oregon, and, In
fact, the entire Pacific coast hop crop
as Dicked. would not be hair or me ex
pected production, and for this reason
growers could sareiy nguro on outain
lng at least 12c a pound for tho best
product, ftiind you, this was oil before
the harvest.
Note the result: The growers, seeing
these reborts of a great shortage caused
by their determination not to pick, rinai
lv changed their minds, tlio result
being that while not all the hops were
picked, the major portion of them were
gathered, and today tne growers race a
situation that may yet mean lower
firlces. As soon as the hops were safe
y gathered these same bear leaders, who
were bulls for the moment in order to
force the growers to commit commercial
suicide, withdrew from public gaxe, their
next appearance being In their true role
a Dear, and noining dui a Dear.
It has only been a few days that the
chief of these bear leaders made the
prediction that It would not be long be
fore hops would go begging at 6c und fic
pound. mis is a most remamaoic
change In sentiment, but not so much a
change as appears nt first sight. At
heart Pincus is a bear. He was a bear
until he thought the growers would not
fiick, and then became a bull temporar
ly, so the report goes. Just in order
that he may more easily make more
money out of the ruin of the growers
and the hop Industry.
At this time tne nop wiarKet is very
dull, with growers crowding the offices
of the dealers In their anxiety to sell
before the price goes still lower and
they obtain tht much lese than plcklnp
money. iJvery day anus to tne numDer
of grower anxious to sell. Many of
them are forced to take this course be
cause they accepted the advice of the
temporary bulla and borrowod money
dealer
could
be found
WiJd:lu .wininR-Agbufl at 8ti
Uiett( UHHt IMUDJUnme sales
good quality were reported ut KCi an
m'Hf rtyWt,MiTria,'k(t ruled ,down
WBTW"'
I nterests are at work to get the growers
or tne tnree roast states to pook thel
rons mis year in uie pope. or seeurln
a better rlcp than Is" now llng.nal
Wiiue tne project is being kept as quiet
as possible In the ronr of being side-
trai-Ki'd nv tne bears nerora it assumes
better shape. It is stated that those
growers who have not already sold are
to hold for 15c, and next year they are
not to cultivate their yards at all in
the hope of reducing the acreage. Th
growers who havo already sold thel
hops are to cultivate but a fraction o
their yards the coming season. Then
the growers who are badly pushed for
funds antl will be forced to let go are
to be taken care of iy purchasing thel
hops nt tho rullnn. price and then hold
nig tnem ror nn advance
While lion nools as a rule are not ten
erally n success, the latest project looks
more capable or pulling through than
any other. The only thing that would
mar the efficiency of the proposed pool
woui'i oe tor me majority or tbo grow
ers to hold back and not enter. At this
time It does not seem possible for rrnm
ers to lose anything bv entering such n
pool, because from present Indications
the market will drop to a much lower
levei unless tney nem tnemselves. There
Is the chance a very long one, perhaps
mr inity lun-K prices nigner
If the growers can hold together until
shorts must deliver their sales. It may
help them to elevate nrlens. heenimo it
is understood that fully 75 per Cent of
me erop was soui in advance
Just whether there Is n ahnrlnnt In
the world's supplySno one can say with
safety, guesswork not solving the prob-
I'-m m mi. ii mere is a snoring? the
pooling of hops will allow the growers
to secure their fhare of tho higher
prices that would "be forced. If, on the
oiner nann. tnero is n sprplus, they will
we urn- in accept tne lower prices of-
lereo. nut tnese prices could scarcely be
uctir lenders say tne
market will go to In a short time. The
entire solution rests with the growers
'"V1". ' tney stand together
well and good. If they rush to sell at
pncFH mat s tneir lookout
WHEAT IVES HIGHER
l;J FRISCO MARKET
(Besrat News br boncest Leased Wire.)
San Francisco, Oct. 19. In the local
market spot wheat prices were un
changed and firm, but there was a
dearth of tradingw The receipts were
990 centals. December closed 4 per
cental higher.
There was a sharp advance In barley
futures and the spot market was firm
er. The marKet nas oeen a peculiar
nna of late, and each day s uncertain
tie hnn kf nt the trade guessing. Tho
eastern demand is expected to continue
for some time. The day s recipts were
K66 centals, exclusive of Z3,6S cen-
tJa hrevlouslv cleared for New York.
Oats remained firm at the preceding
day's advance. The receipts were i,stu
centals. ...
California fresh butter declined
cent per pound for extras, 2H cents for
firsts and 1 cent for seconds. These
and thirds closed steady and other
gradea firm. There was no change In
cheese. California fresh extra eggs
were 1 cent per doxen higher and firm
at th advance.
A oarload of eastern cranberries ar
rived" In poor condition Prices were
lower for both eastern and Oregon. A
box of new crop navel orange the first
of the season, arrived from Tulare
county. They were not well colored,
but sweet, tn the coming week the
new crop will be received from other
aectiona. The market was bare of un
sold Valencia oranges, but five car-
pected to wind up the season for the
",''. """J"3 "ave "een coming in
f owly, but the demand has also been
slow. The market was gutted with
wine grapes and prices were much low
er. Choice table grapes were compara
tively well sustained in price, but there
was much rather poor quality
Potatoes were without any quotable
change and steady to firm. Onions
were firm at the quoted prloes. There
was n perfect tlut of tnmo. -J
wero mneh mm.. nten,i..i . . ' 1
yiTnuum una cneaper.
Boston Copper Market.
Boston, Oct. 19. Bid prices-
Adventure ... 1 lOld Dom
Arnold 40 Parrot ,.,
Atlantic 7 CJulncv
Bingham .... 5!ahannon
uiie coaia..
Cal. & Arizona 91
Cal. & Hcc.la.5.95
Centennial
Cop. Mt. . ..
Cop. Range
Daly West
Franklyn ..
Mass
Michigan ..
Mohawk ...
Nevada ...
N. Butte ..
15
, 25A
45
, 9
7
, 3
,3 1
1
S44
Tamarack . .
Trinity
Ctah
Nlpplssing .
Victoria '.
Wolverine . . ,
uoyal ,
V. K. Mine .,
Balaklala
Apex ,
Ely
Dom. Copper. ,
Sup. JV pitta..
19
9', 4
72
754
64
nH
26
5S
J
93
14
32
3H
24
4
(tolled Treu Leed Wire.)
New York. Oct. 19. The week has
been period of feverlshness and uu-
ettlemrnt In the stocK marKet. At
Imes the street was full of disturbing
rumors and the embarrassment of one
Important operator In copper added to
ne prevailing demoralisation. mis
continued liquidation was, of course.
part of the general reaction which
began with contraction In the money
market, was accelerated by various ex
posures and legislative attacks, and is
now causing a wholesale and somewhat
radical financial housecleanlng.
Many of the rumors In circulation
were gross exaggerations and tliut
there is no need for any repetition of
the financial hysteria which maikfl
the Attgust break In the stock market.
Since January many good railroad
hares have had their values cut in
alf. The Industrials have sulfered
ven moro drastic declines, being cut
Into thirds and quarters. After such a
tremendous shrinkage It is almost folly
to talk of panic. Violent breaks may
be possible but the chances of a genu
ine panic with all the disaster and de
rangement which that means is exceed
ingly remote.
Losses have been enormous. but
they have been admirably met, nod con-
ldcrlnr their extent, tne disasters fol
lowing have been remarkably few.
The following are the bid price or
October 19. 1007. as compared with
those of the same date a year ago.
This shows the full extent of the se
vere liquidation through which the
slock market has passed within 365
days:
By Hvman IT. Cnhsn
Portland Union Stockyards, Oct. 19.
There was not a single price change In
the local market this week. Receipts
were snove tne average for this time
of year in all lines, and packers took
advantage of this, and tried to dress
values. While tho receipts of cattle
were not so great as a week ago. the
run wa sufficiently heavy to allow the
inn-Hem 10 ouy at rormer prices, wnne
In reality the market should have been
higher. The reason why no greater
price Is shown In cattle is the enormous
amount or contract stuff now being re
celved bv killers who are using this
ract ns a club to curb the market.
While the run of sheen was not so
great as last week. It wss larger than a
year ago Despite this the market held
well, because killers on the coast neg
lected to buy sheep for fall delivery for
too long a period, and therefore were
short of supplies when the amall ship
ments began.
Hogs arrived much faster during tho
six days, the total run reaching 1905
heod. compared with 259 head a year
ago. Market held oulte firm all week.
A year ago for the past week sheep
advanced 60c while hogs were moved up
25c. Cattle Just held their own.
With the Incorporation of Swartachlld
Sulzberger, the Chicago packers In
this city today, Portland la assured of
another packing house with up to date
facilities. While the Incorporation pa
pers call for a capital stock of but $50,
000, this is taken to Indicate that the
capital will be Increosod when tho real
building of the large plant begins. It
Is stated that the company has for some
time controlled a parcel of land adjoin
ing Swift A Company's proposed site
on the Peninsula, and plana are now
being prepared fn the east for a modern
packing plant. While nothing of a defi
nite nature Is given out by the company.
It Is understood that the plant will cost
about $500,000.
Official yard prices:
Hogs Best eastern Oregon. $6,500
6 76; Blockers and feeders, $2.60; China
fats, $6 00W6.25.
attle Best eastern Oregon steers.
$3. 75i3. 85: best cows and helfera. $2.75
rJ.O0; bulls. $1.76i 2.00.
Sheep Best wethers. $4 76if?5.00:
mixed. $4. 264. 50; lambs, $4.7506 00.
Arrival of th Witt
Oct. 19
1907 1906
4 1
63
lortH
26
78 V4
3 (H
156
101
1 1 ft
1144
157",
134
684
7S
177fc
54
17.14
171b
40
146
94
131
141
147
92 1
18444
4
106
Official range of New York prices
yesterday over the private wire of
Overbeck A Cooke Co.:
Amalgamated
8melter & Rcf
Sugar Refinery
Anaconda
Atchison
Brooklyn
Canadian Pac
Colo. Fuel
St. Paul
Illinois Central
Erie 1S
L. A N 98
Missouri Pacific 62
New York Central 1004
Penniyl vanla 115Vi
Reading 82
Southern l'aciric
Union Pacific 113
U. S. Steel, common 22
do preferred l 74
o a Q
DESCRIPTION. 2 5 58
p- : 3
Amal. Cop. Co.
Am. C. A F. com 28 H
Am. C. A F. pfd
Am. Cot. Oil com
Am. Loco, com . .
Am. Bug. com. . .
Am. Smelt, com
Am. Smelt., pfd.
Anaconda M. Co
Am. Wool, com
Atchison, com.
Atchison, pfd .
B. & O. com .
B. A O. pfd . . .1.
Brooklyn R. T..I 39H
Canadian P. comir6
4Mrf 4fiv
United States Government Bonds.
New York, Oct. 1J. Government
bonJs:
Bid.
104
105
101
10
loads ara to arrive, and these are ex- Philippine 4.
Twos, registered . .
do coupon
Threes, regtatarad .
do coupon .......
Threes, small bonds
Dls. Columbia. l-65a. ... .114
Foura, registered, new
Twos, Panama
Twos, Punaiita
1014
Hi
1204
.122
.10
losvs
Asked.
105.
105 4
102 H
103 V
13J
124
10
Cen. Lenth. com
Cen. Leath. pfd
C. A O. W. com.
:hl. M. A St. P.
ft N. W. com
Ches. A Ohio
Colo. F. A I. com
Colo. South, com
Colo. S. 2nd pfd
Colo. S. first pfd
Dela. A Hudson
Den. A R. O. com
Den. A R. O. pfd
Erie, com
Erie, 2nd pfd . .
Erie, first pfd .
G. North, pfd..
111. Ceritral
L. A N
Manhattan Ry .
Mex. Cen. Ry . .
M.. K. A T. com
M.. K. A T., pfd. .
Distillers
Ore Lands
lr. Chemical . .
do preferred
Mo. Pacific j
Nat. Lead
N. Y. Central .
N. Y O. A W.
Nor. & W., c
do preferred . .
N. American
N. Pacific, c. . . .
Pac. M. 8. Co. . .
enn. Ry
n 1 X, c C n
Reading, c
do L'd pro. . . .
do 1st pfd. . . .
ep. 1. s., c. . .
do prererra . .
Rock Isl.. c
S. L. S- F.. 2 p.
do 1st pfd. . . .
S. Pacific, c.
do preferred . .
Southern Rt., c.
do preferred
Tenn. C. A I. .
Tex. A Pac. . .
T.. S. L. A W..
do preferred
ir. Pacific, c. .
do- preferred
1'. S. Rubber, c.
do preferred
U. S. Steel Co..
do preferred
Wabash, c. ...
do preferred
W. Union Tel.
W, Central, c,
do preferred
14
43 H
28Vb
S3
2 y
44
103 '4
63'.,
83
26V4
'78V4
83
19
1874
634 52
39 A 39 V 3d
luOVjilftl jlOOH K'O
Alton. C.
53
116
16 14
63V4
15 U
70V4
1174
12?
45
2ii
214
1154 115 1124
!4
82
is'
i3-
1 18 '4
79
84
1614
63 4
15 i
0
107 '-4
12
45
50
1 13 'i
115
79
69 ii
16
is'
Tho following arrivals were shown In
the yards the past week:
Sunday J. Armstrong passed through
the yards with horses, which lie shipped
to Emeryville, California; J. C. Loner
gan shipped in two cars of cattle from
Echo, consigned to FryVBruhn Co.;
Frank Kirk of Halaey, sent In horses
for Frazier A McLean; L. E. West
brought in two cars of hogs from Drain.
Monday 11. Falrehlld of Heppner
shipped In two cars of cattle; H. U.
Mulkey passed through the yards with
horses en route to Los Angeles; J. C.
Sabln of Harrlsburg was In with a car
of hogs and calves mixed.
Tuesday Becklev Bros, shipped In a
carload of hogs from Oakland, Or.f I.
P. Reese of McCoy had in a car of hogs;
F. H. Ferguson ct Amity was in with a
car of hogs.
Wednesday J. Kinsman of Heppner
shipped In a car of cattle; Madden A
Goff sent In two cars of cattle from Ar
lington, A. C. McDonald passed
through the yards with horses and
cows, going to Shedds; Steve Smith
shipped In a car of sheep and hogs
mixed; 8. Ban had in a few head of
cattle from Qulncy; J. 8. Flint of
Junction City had in two cars of sheep
and one of hogs; S. L. Overton of
Brownsvillo waa In with a car of hogs:
C. H. Vehrs of Lebanon brought In three
cars of hogs; L. T. Berry of Plalnsvlew
came in with a car of hogs; L. E. West
shipped In a car of hogs and calves from
xoncalia.
Thursday William Matlock shipped
in six cars or cattle rrom Shanlko; u.
II. Pauley had In eight cars of cattle
from Shanlko for the Carstens Packing
company at Tacoma; Mr. Murphy came
in rrom snaniKo with a car of cattle;
J. W. Redd of Carlton shipped In a car
of hogs; Boothby A Lewis of Independ
ence sent in a carload of hogs; W. W.
Perclval of Independence had In two
cars of hogs; Mr. McFadden had in two
cars of sheep from Corvallls, going to
Branstetter A Carr at Sauvle s island
J. C. Davis of Shedds sent In a, car 01
hogs; B. J. Hecker of Albany was In
with a car of hogs; J. E. Zeigler of Ger
vais brought In a car of hogs; D. S.
Fountain and W. Cain each bad In six
race horses from Lewlston. Idaho.
which they shipped to Emeryville. Cali
fornia.
Friday L. II. Pauly sent In four cars
of cattle from Shanlko. going to Cars-
tens Packing company; Grant Foster
brought in two cars of sheep from
Troutdale and shipped them by boat to
Ilwaco. Washington. Grant Hyland had
In one car of cattle from Eugone; C.
Berghelm came In from Eugene with
two cars of cattle, which he shipped by
boat to Kelso; 8. L. Overton of Browns
ville was in with a car of sheep and
hogs mixed; O. A. Wlthee brought In a
car of sheep, also one of hogs from
Amity; I. P. Heese of Mcuoy waa Born
In the yards, having brought In a car
of hogs for the market; C. II. Farmer
came In from Derrv with a car of hogs;
F. Bodlne was in from Corvallla with a
car of hogs.
Saturday H. r . 1'utnam orougnt in
three cars of cattle from Elgin for the
Zimmerman Packing company; C. M.
Twltehell came In from Colorado with
horses and cows, going to Rainier.
11
REM 0
."V..
Ill WHEAT PIT:
Sharp Chango in Sentiment
of Chicago Trices on Ac
count of Crops Abroad, i.
JTorthwest Crop Weather.
Western Oregon and western
Washington Probably fair Sun
day; easterly winds. ,
Eastern Oregon, eastern Wash
ington and Idahe Probably fair
Sunday.
4
CHICAGO WHEAT VALUES.
Oct. 19. Oct. 18. Gain. 108.
December 104A 101 3
May 1U I
luz '4
July
1004 24
IIVQi v
Total sales for dev. 463.701k
Call money cloaed at 401 per cent-
Butter Creek Feeding.
Echo, Or., Oct. 19. Several thousand
head of cnttle arc belnx fed in the
Butter Creek country at this time.
Among these about 2.000 head belong to
he Frye-Bruhn company or Seattle,
which company recently purchased
many hundred neao or came in tne
John Day country, most of them being
fed here for the winter. Several Indi
vidual growers have a few hundred
head feeding hero., This week about
44 carloads will be received here from
Elgin these cattle being mostly from
Wnllown. county points, and they will be
fed here bv the different growers. Thou
sands of tons of alfalfa are raised in
the Butter Creek country, most of
which is fed to the catthk during the
winter.
(UnltMl rrew l.wd Wire.)
Chicago, Oct. 19 There was a radical '
revolution in the wheat market at the '
opening from the semi-panicky weak
ness prevailing the day previous. LlT
erpool was from V4 to d higher. The
feeling of confidence arising from the
feneral firmness abroad increased dur
ing the first hour, in which time there "1
waa an advance of 2c over final nrlcea
of the day previous. From Australia
came a tale of drought and ruined
wheat crop. Confirmation was forth- '
coming from Russia of the heavy short-
sge 01 that country's wheat crop com- .
fiared with last year, the deficiency be- ''
ng placed at 46.000,000 bushels.
Local receipts were 86 cars compared "
with 41 last year and shipments 640.00O
bushels against 28.000 bushels a year
ago. Minneapolis and Duluth receipts
compared with last year's were (47 to
103 cars.
Export Business Excites.
The advance became excited near th
end, as the reports came in from the';
seaboard of the amount of the day's e v
port business. Four hundred boat loads
were reported sold ror foreign sntpmenl.
Seaboard clearances amounted to 609,001) :
1 h. 1 r
There was considerable Irregularity la
the course of corn. It was atrong In
sympathy with wheat at the start, but
that was succeeded by a weak spell,
which was overcome in a very short ,
time, and the Influence of the rising .
wheat market had the last say with
corn traders. Local receipts were 1.126
cars, and shipments 1,076,000 bushels.
Liverpool reported futures 4 to u -
lower. Demand for shipment east was
poor. Export clearances were 116,000 .
was 696 cars.
Firmness was the general characteris
tic of the trade In oats, but there d.t ,
not go with that any material Increase
In the volume of trade. Local receipts
were 237 cars, against 261 last year.
Shipments hence were 416.008 bushels,
as compared with 298.000 bushels last
year. Estimate of Monday's receipts
was 445 cars.
Provisions In sympathy.
Prices in the provision market were ' ,
affected by the advance In grain, but
buying at the advance was not large. .
Local run of hogs for the day was 13,
000, and for the week 131.000. Estimate .:
of next week's local run of hogs wa. -130,000.
of which 34,000 are expected ,
Monday.
Cash sales: Winter wheat. No. 2 red,
$1.02 1 04; No. 3 red. 1.00I.OJT4:
Na 3 hard. $1.02 & 1.06 ; No. 3 hard,
$1.00 1. 05; No. 3 spring, $1.02 91.12.
Corn No. J. 6S4fr6Sc: Na 2 white,
64c; No. 2 yellow, 64c; No. 2 .
corn. 634 4? 63 c; No. 3 yellow, 63 c;
No. 4. 62 63c.
Oats No. $ white. 60$52e; No. 4
white. 49504c; standard. 63c.
Official range of Chicago prices over
private wire of Overbeck A Cooke Co.;
WHEAT.
High Low.
1044
Open.
Dec... 1 1014
May... 107i
July... 101
Dec.. .
May. .
July. .
Dec
May.
July.
Jan..
May..
Oct..
Jan. . .
May.-
109
174
101
1074
101
Oct. . . ,
Jan. . . .
May . .
,.1685
, .1612
,. 917
. . 897
910
7TB
805
827
1027H
CORN
60 ,
624 '
61 .
OATS. 1
53
664
4t4 .
MESS PORK.
1590 1680
1630 1610
LARD.
17 1T
922 897
17 910
SHORT RIBS.
77 775
813 805
840 827
59
814
60
53
614
494
Close.
194 HA,
109
102 Ti
0B
.J2B
1: -
63 T4
6574
4974',
1680
1615
917
895A
915
775
810
839
Liverpool Grain Market.
Liverpool, Oct. 19. Official price: ,
WHEAT.
Oct. 19. Oct. 18. Gain.
December ... Ss 5d 8s 3d l4d
May Sa 5d 8s 3d ld
CORN.
October 6a lid 6a 11 d
January 6s 7d Ss 8d ftd
Loss.
New York Cotton Market.
Jan 1080
Feb 1082
March 1081
April
May 1077
June 1071
July 1072
Aug
Oct 1103
Nov 1103
Dec ill
Open. High.
1087
1082
1081
1079
1071
1073
ii6a"
110$
1119
Low.
1077
1080
1070
i074
1070
1070
1098
1191
1114
Oct-',
19
1077"
1077
1076
1076
1074
1070
,1071?
1103 I 110a
1103 i. not.
1117 . nn
IS
1088
1088
10S7
1086
1084
107
Hogs 5c OS In East. ,
Chicago, Oct. 19. Official run:
, Hogs. - Cattle. Sheen,
Chicago ........12,000 ' 1.600 9,000
ivansas vuy . s,vv j.duo 7,000
Omaha ......... 4,500 50O 1600
Hogs s.r 60 lower. Left over from
yesterday. 3,100. Receipts a year ago
were 12.000. Mixed, 6.1I06.75; heavy.
S-if-"i ; rough. J.10.J5; llghti
Q.auut, '
Cattle Steady,
s j-Bheep-i-steady.;
New York Bank fetatement.
i'ew Tork, Oct. 1.-Bank statement:
; increase, . increase.
! less U. . iVi.ov?
tan -it'ti j ,656,600
Specie ., ., . . ..... . v
Legale . i. . . . r 351,400
Deposits , 838,400
Circulation
6,527.200
6.TGJ,-'6
6,Y4,60d
610 6
Liverpool Cotton Market.
LlvernooL Oct. 19. -Cotton futures- "
opened quiet and steady, closed barely
steady. w 1 point lower. spots t
points lower. -.. .n .sVn.i-.l :;,; ;;.-;,;.:',
f Excellent Sugar Beets..
Blamata FaIl.Or., Oct 19 -Reports
have beew received from Corvallls In
reference to the samples of sugar beets
sent to be analysed. The. .beets were
raised in- Klamath comity, ,aud the re ,
port I to the effect that they are
above the average in sugar and purity,
considering their stae, -and would rank
with the very best for the production
ot sugar. The beet were sent to the
Agricultural station before they were
fully matured, as it was aeslred to get
the report before the county fair, which
will be held the latter pan ot this
week. In order to reach the highest f
state of perfection, the beet nedel
Just the kind of weather that Klsmsti
county if having now, bright, warm an 1 v
sunshiny and the -test r- would hv
shows still better had the beets vol
been pulled so soon. A sugar beet far.
tory In this section Is concedel by S'l
to be one f the great fmure indusrrw.
Stoc!:::cnd.rc:iL:
Bo'ttf'mihm ad Indv
Bfl(j on committors. 1
big- or sennig :
exchange.