; i f ..
...', '.,
V
THE OREGON SUNDAY JOURNAl PORTLAND, SUNDAY ., MORNING, - JANUARY 8, 1003.
LIVESTOCK MARKET IS
"TSTARTINO : NEW YEAR
WITH IMPROVED TONE
I 1 ''
tales! Market Reviews"
mMcimmRL
FAKERS CAN NO LONGER
DO BUSINESS IN Till!
FRONT STREET DISTRICT
: ' " Wift the Trade t
LAur 'J'Y
aeslaeaw' -
TRADE FAKERS
ASIDE
Legitimate Front Stree
. Commission Houses Will
Go It Alone Hereafter.
' t ! By Ilyman IL Cohen. '
, ; it's human for people to make at
- i ' much money m possible and yet the
' " men who wauta too much sometimes re
' telHr none at alL . This la shown par-
tloularly In the mart of trade, r ln the
r produce markets there are men who in-
, h. a. h nhteat of pretext They
, ur they do this for the good of the
nipper, dui xew nti who mm
' i of one eet of men will not. take
T . ' - attoH A A MUa a
t Of Ute tt hae been noticeable that a
Vlletlnct line hae to be drawn in making
rating upon ma returning uavmir w
lV'yront street houses. Front atreet le
V. mostly good. - Ite merchanta aa a rule
' tire among the beat to be round in any
city. - The treat majority of them
make the growers and shippers full re-
turns but there are a few who make
i""sv practice of holding up the price on
. the reUller and reporta Indicate that
; they do not make idih aame returns to
,. ui snipper. ; .
A I '
f Even thou ah ahlppera were to recelye
ti trna rturna tha anlaa at hlffh nricee
. enUUea them to. it la queationable If
they are aa well off financially aa If
uejr anippea to a nouaa mi mu
practice of aelllnc goode at the real
: market value and making returne) ac
cordingly. Tne nouee tnei nun
' practice of holding op Ha cuatomera la
.invariably the one that the trade doea
not purchaae good! from when eupnliee
re good. Buca a houae ia ahunned by
" the legitimate trade aa aoon aa the
regular dealera have euppllea. In a
glutted market the ahlpper to auch a
home auffera because It la then that
' the buyere who were "neia up- oy un
uaual prlcea, go elaewhere for their
, koppllea. .
Thla claaa of men oo not make the
hfgheat returns to the ahlppera becauee
tney allege mat toe real roarnni. ia
el way a aeveral cent a under the figure
tbey receive. Thua do the ahlppera not
miW loaa tha hlah nrlce obtained In the
tlmea of scarcity but when the market
Is overloaded tney loeo again oecaaee
the trade will not buy from auch a firm
xoept at figures lower than the reet of
, the trade charges. Thla haa been noted
on various occasions. The legitimate
heuse does not send out fake'quotatlons
In order to get shipments ana men arier
getting them, write the ehlpper that
unforseen events have caused a rapid
decline In prlcea. In this connection it
ahould be etated that fully it per cent
of the Front atreet houaea ao- not aena
out auch Quotations.
- It Is the rule of auch bouaea to ret
the newspapera to quote aa low a fl
vre on the products sold by It aa can
be obtained. This does not mean that
they eeU at the price In selling they
' caet newspaper quotations to the wind
' they merely get the low prices printed
o that the returns they make to tho
shipper4 can 1e cut: -
Buch houses always watch the news
papers -and aee that their return do
not go above those printed, except per
ha pa when the house desires to make a
verv good Impression upon a new shlp
- per.' Then It will send the shipper a
larger return than It received for Its
foods. .Strange but true, nevertheless,
.egitimate houses pay no attention to
. what the newspapers quota except, per.
hapa, to note them. The latter make
, returns on the basla of actual aalea.
C A favorite wav of some commission
V houses to drag shippers Into their net
, is to copy tne name or emppers irora
the packagea eetrt to rival firms. Then
h Mnvinr firm will rlffhtawav send
that ahlpper a letter etatlng that the
aemana ror mat certain proauc amppaa
Is unueually great and the price is very
Mgh. It usually quotea a figure far
above the actual price received by the
; firm' receiving the shipment The
. ahlpper la dieeatlsfled and the nest
shipment he makea to the houae quoting
We nign price. lugmawaj- m
bumped, for hla returne from theiijew
i found friend are generally lower than
the onea he received from hla old. firm.
Thla haa been practiced time and time
again In thla aa well aa other markets
so aniDDors snouia am qui
when receiving such letters.
guotfttlong are club. .83 Ito; bluestem,
StHi&in. : .
The local flour market la Improving
In tone with business, on a better basis.
KDort trade remains slow with millers
holding prices stiff. The recent ad
vance In the price of wheat and tha
pronpects for further riees have caused
millers to go alow In cutting down val
ues and no change le thua far reported,
either for local or export graoas.
" FRONT STREET- REVIEWS,'
Brief MenUon of. Manx . linog of
! Trade fn tlie Produce Dutrlct.
Potatoea are again dull after a tempo-
rarr snurt In buying of beat araaea.
' Onlona ahow a -firmer tone; price un
changed. ,""'.-!"' 'v; "-'-,' v -''. t .
Poultry remains acaroe; all grades be
ing quoted very hiKh. fcl ,
. breaaed meata of all kind ara high
er with eroair euppllea. ...
Creamery butter market J"mB
with a temporary Increase i In npplto
One or two outside creameries made a
alight conceaalon in price,
Kgga are holding fteady with moat
aalea around tZHC fcecelpte quite lib
eral. Eastern egga dull locauy.-
Run of ColumBla araelt ao great that
yeeterday prlcea were cut to Jo pound
to the wholeaale markets. - ' .
Ancle market la beginning to ahow a
slightly Improve tone puj prwes r
raVeflrmowto
tone in tne sou in, irv v
mi arrivad here yesterday. Orangee
.f rin. Auaiitv and were packed la
blue colored boxes with blue wrapper.
PAnt mtvMM Vltl! . ' 1
drain. Flower and Toed.
oraIN' BAGS Calcutta, lc large
tflV rarloea-auN 12 O
IScj red Russian. 0Klc. .bluestem, 4
BARUCT-New-keed, jil O i 7.60
sar ton: roiiea.
RTBJ ll.M per ewt. .
oiiBV-.New Producer Price No.
1 rrR.Utrnn.i gV". .
vaiiev.
whole wheats 4.7;.rye. eua, to.ew.
JACK AND JILL UPTONOW.' '
iV Wit.
balee. II.
M1IU
STUFFS Bran, 121 per tons
middling". : ehorts, country. - an;
WUUmetU vaUey. tancyl; ordln-
lvolio.ew; cjover, ,ivwi, S'u". I
10ll; cheat. Iieffll.
Batter. Xgg and Tonltrr.
BUTTEB FAT F. O. b. Portland
Sweet cream.. Ic: sour, 140.
BUTT KB Extra fancy creamery
ITHci fancy. JJ7He; jtora w
tie: etore Oregon, 1 20c.
H.UUS JUCira raney, canoiao, uav
lie: eastern atprage, zc.
llOUHo per lb; Young Americana. 17
POui'fRY Mixed ehlckena, 14c
fier pound; xancy nens, mtwioo per
b: rooetera, old; -lie; fryers, 12VsO lb;
broUers. UUo: lb; ducks. 150: aweee,
old, llo per lb; turkeys, alive, ixo id;
A;'A';-,A.-AC)
AA-::A?:-,
Jack and Jill went np a bill, ,
To get somo high-priced water.
Jack fell down and broke his crown
And Jill came tumbling after him.
RAINS AND MILD WEATHER
IN WORLD'S WHEAT DISTRICTS
Vary mild weather during tho past
week in ntfaT sectlona of tha Faciflo
dressed, "210210 lb; equabs, $2.60 doa; J northwest waa a boon to the growing
- An effort la being made by legitimate
Front street houses to weed out the
fakers. There is talk rf organising and
exposing tneir metnoas oy me ooay
ta1lKlA txtnui An not like to be as
:. aoclated with such grafting Institu
tions. '
nOP FAKERS SCREAM.
- Shorts Cry targe Sapplles but Are
Willing to Buy, i Aevertneieas. ;
' Nature fakers are not in W with the
httiatinni tuVnrm m the hhn market
Hop ahorta have a way, of gathering
and sroduclna atatiatlca that entitle
, them to the. grand priae in oriental
fakery. - Soma of them now make the
assertion that there still remain unsold
: of this year's crop of Oregon some 60,
"' 00 bales when it has been proven be
yond a doubt that there are less than
half that amount of balea unsold in the
hands of producera or the 1909 ana iot
crops-combined.-
purine; the past week the transactions
were quite liberal, but the 'volume of
business cannot be compared with that
.of a week ago. Lack of ordera or trade
is no reason for It the secret Is grow
ers are holding better. Tbey seem tired
ef allowing short sellers to take their
pops at Twnaiever pries iney- enuuus vt
give, no matter how low, and art deter
mined to wait f while and aee what Is
about to happen. v fs-: '
SomO v of the locl4pebple consigned
their hops and while the prices they re
ceived were not high, nevertheless they
: were better than those . obtainable at
home; contrary to all the talk and argu-
menta ox inewiiun iu. .nm mu
far returns Tiave not been made on many
lot because of the holidays, some are
? BOW beginning to arrive. c. j. omiin
r.nnrt. trf 'rha Journal that he haa Just
made returns to O. P. Gilbertson, of
Barlow, and Frod Anderson or Aurora,
on the sale of their hops in the east at
10H a pound. These figures net the
grower Bc here. These two lots were
tof medium to prime quality, making a
ull carload and going direct to, brew
ers. Mr. Smith also, reports the sale of
100 balea of 1006 hopa at Ho, netting
the grower 4c here, v v ,
t The amount or cnoioa or n prima
.hniM hnn avntinbia here 'is-small com
h nared to what the trade realy believes
I Jhere Is; - Even the common grades are,
fVPiarder to secure than formerly. .With
hopgrowers' association the kvallable
supplies at present low prices Will U
come .anialer.vi v i f,?:;-;-'';:;:r'5f'''l!-'".'
WHEAT BtARKET IS HIGHER.
Another -'Advance of lc' Shoi In
. f Portland City Leads North.- '
. i The wheat market is In quite good
shape locally. : t Another advance' Of a
cent Ia ahown ' for the week,-- higher
prlcea . in eastern markets and abroad
Inf luencing the prices , on 1 the t north
coast and especially In) Portland. This
! market continues to lead alt other north
.coast porta in the price of wheat, and
not only, are prices hero -higher,- "but
more-business Is being done both by
export agents and by. miners, .. .Latest
wheat eron. In some few nlaoea In
eastern Oregon, Washington and Idaho
there waa quite a heavy snowfall during
tne early part or tno ween ana in grain
la now vrv well nrotected.
Broomhafl thus reports the . World's
crops in the latest issue of the Liver
pool Corn Trade News:
. United. Kingdom.
The soil in the United Kingdom Is
still In a very wet condition, tne Agri
cultural Oasette describes it aa thor
oughly water-logged, and there can be
no question oz any more wneai sowing
until the turn of the year. If the
weather la favorable during tha latter
part of January and in February, grow
ers may then sow more wheat, but gen
erally such Sowings are unimportant
and It is a rainy saie conclusion mat
tha reduced wheat acreage of 101-7 will
show no recovery in II07-I.. The weath
er this week started with a moderate
frost and It has since Been rainy ary,
hnt tha tftmnerature Is again very mild.
H.7S; aariie! The supply of native wheat is still gen
' - ' ' I 11 J ... Al.hA.ih tit,-
nimona. SI. IS do.: dressed poultry, 1
HO per id mgner; win geeoo, iw ov
Slopo, Wool ana auaea.
HOPS Contracts 1908 crop. 1010c
107 crop, choice, ftp 8c; prime, to
choice, 7c; ordinary 10 So; 1I0S,
eastern Oregon, 12 ip.
MOHA1H ID1IC
HIDES Ory hides, 12 126 lb: green,
ffiScr calves, green. 6 4J7e: kips, to
IK- hull. rrMn aalt. S(ffi4o lb.
SHEEPSKINS Shearing. JBcOIOo
each; -short wool, 26c04Oo: medium.
wood, eoc0i eacn; long wooi, ibcv
I1.2B aanh. -
TALLOW Prime, per lb. Ie04c;
No. I and grease, ioio.
CHIT XI M BARK ic.
Fmits and Vegetables.
POTATOES Fancy. 600780 sell
Ins: buying, white. 4060o- per ewt:
sweets, io per id.
oniunb jouoing price uragon.
A PPT WiMmlT 11 TKfffllZ nO? TflllCT I TKriskllUU aVvTWia Mv. vm
but tha temperature la ffln very mil
94 9K hit vlfi ar .nftt II 7K aflfli( Tlld UDOiy OI MTf WDWl. II iUU
ijijWlLOli.il oTdlKary. t.?'
FRESH FRUITS Oranges, new S20
12.78: banana, in lb: lemons. 8304.60:
box; llmea. Mexican i 1 ter 100:
plneapplas,. tttplS. dozen; grapes, $1.60
Vi.tt; pears, rancy, i.zoni.o; orai
nary, 76c$l a box; tangerfnes, $1.60 a
dox; jap oranges, eucyi&o a oox; per
Simmons, $1,767
, VEQKTABLES turnlDS. new. 80o
sack: carrots, 0c$l per sack; beets,
80086c per sack; carsntps. $1; cab
bage, 8Sc$li tomatoes, California,
$2.26; beans. l7o; cauliflower, $1.10
$1.28 dos; peas, 10c; horseradish, 8o lb;
artichokes, t I'm 1.10 dos: creen onions.
ido aoen; peppers, l(c: notnouse let-
markets have been mostly quiet, and
lower prices have been mentioned la
several instances. ' "
Argentine.
There have been reports of rains dur-
inr the naat week, but today our agent
at Buenos Ayres cables that harvest re
ports are satisfactory and that the
general estimate of the exportable
wheat surplus Is 128,000,000 bushels,
which compares with some 104,000,000
bushels from the laat crop. We need
hardlv say that a total of 128,000,000
bushels eclipses all previous records,
but it Is 16.000,000 bushels smaller than
tuce.TuW75 box;' cmbersT hot- earlier 'oreewta; on theother hand.
houV $lJoV box; .radishes.. 15c dor W?!! TMS
bunchea: aaa-nlant. lSe lb: eelerv. 7Bc(S
85o; cranberries, eastern, $10911.60;
sprouu, Va o par ID. ,
, Orooerlaa, Huts, Etc
SUGAR California and Hawaiian-
Cube, $6.96; powdered. $6.80: berry,
$5.60; drygranulated. $6.80: XXX gran
ulated, 86.40; conr. A., iB.eo; extra a.,
86.10: lolden O.. - iS.OO: D. yellow.
$4.80; beet granulated. $5.46; bar
rels. 10c: half barrels. 15c: boxes. (Oo
advance on sack basis.
(Above prices are $0 days net cash
Quotations,; 1 '
wi-wm-ar al at at A J a
uinc I s.u par craia.
COFFEJC Packaze brands. $15,880
16.88.
HALT Coarse Half ground, loos.
$18.60 per ton: 60s, $14.00; table, dairy
60s. $19,00; 100s, $18.78; bales, $2.60;
bushels are now inclined to talk of 128,
000,000 to 188,000,000 Dusneis,
Australia,
watna ranorted from various narts.
and where the fall is light it will prob
ably do more good than harm, but Syd
ney reports heavy rains, and these will
certainly not be welcome In the harvest
fields, '
xnaia.
Thur ti nir MM of any lmorovement
In the altuation, and any export business
in wheat is at present quite Impossible.
Sussla. "
Tha officials have lasued revised es
timates of this year's spring crops and
we print tne xigures. wun "OBO
wm, ..-v.. 90.,v, w , I winter crops, in iuuhji i ..
Imported Liverpool, 60s. ' $20.00; 100s, wneat crop is shown about equal to last
'J I year's and aitnOUgn Iiua lurgcr , man
at any time estimated, still it really in
dicatea auppllea on quite a light scale.
$18.00: 4s.M8.0ft
6s and ivs, 4
K K A 1 luarnnnl Itimit
rock, $20.60 per to; 60-lb rock, $12.60;
(Above prices apply to sales 'of less
tnan cart iota. war ioi at special yriwi
subject to fluctuations.) '
RICE Imperial Japan, No. 1, o; No.
2, 5H6c; New Orleans, bead, 7c;
Ala. Ec: Creole. IVe. -
uuiA.ua Bmau wnite, si.zo; iars
oa you,
Tha light crop of 1901 followed a big
crop and yet It ran very short In the
closing months of the season and, more
over severe xamine conditions practical
ly prevailed throughout. In tha eastern
region. Tha crop ef 1807 has followed
the small crop of 1808, ao there have
been no liberal reserves of old grain to
help to make good tha deficiencies of
the new crop; thus the pinch of scarcity
has been felt earlier, although happily
very iittie nas oeen neara or xamine.
The unfavorable outlook for the new
winter sowings must also have had an
Influence In Inducing holders to keep
back their grain. Latest reports' from
our own agents describe the outlook as
rather more hopeful owing to a spell
of mild, rainy weather, but a aeml-of-ficlal
bulletin dated December 8, de
scribee the condition of winter wheat
bad In general and winter rye poor.
And not only is the condition of the
new wheat crop bad, but the acreage is
much smaller. Some of the loss may be
made good by spring aowlng, but it ia
extremely unlikely that there will be a
full area under wheat for the 1808 har
vest, because spring wheat in the south
west does not do well and generally
growers prefer to put the land under
parley, corn or aome otner crop,
2oumanla.
Favored by a period of mild weather,
the backward crops have made good
progress, and are npw In condition to
withstand a moderate winter. Our
Bralle correspondents consider that the
acreage la bound to be much less than
usual, but some people think there Is no
decrease, supplies or wneat snow a
small Increase, but holders are Inclined
to keep back their grain. Supplies by
barge continue to come dowy very slow
ly, for tne water is low.
. Turkey.
Lataat' renorts from European and
Aslatlo provinces report favorable seed
ing.
rranoe.
Tha aanact of tha new winter seed-
ings continues to gv" uKivi
a-rowera would now like to see a period
of drier and colder weather. The mar-
keta have latelv exhibited more stead
iness, and this is ascribed to the unseas
onably mua weatner.
Italy and Spain.
Cren and weather reports continue
favorable. Native wheat In Italy is still
freely offered, but semi-official Indica
tions of harvest results do not show the
out-turn much bigger than last year's.
Germany.
Tha weather ia unseasonably mild and
wet, which greatly facllitatea interior
navigation, mere m
about tha cropa.
irortlt Africa,
Renorts of the new crops are favor-
able, and an increased acreage is men
tioned. ....
IIP
Oil PAY MK
FIRST WEEK'S
TONE BETTER
Unofficial ; News i of Extra Livestock Market Improved
, Dividend Forces Trice Up
; Three More Points.
- (Hearst Kews Berrlce.y i . e)
e ' Kew Tort Jan. ((.--Today's. .
4 foreign stock markets were en- )
eraUy heavy, tha mala inf luenoa 4
.belpg the newa that Germany -e)
wUl iesue $55,000,000 in about
' two weeks. The bank statement 4)
4 was even more favorable than e
4 expected and with another sub-
sUntlal eut in the deficit Tho
4 ehsngea In the various items were , 4
4 regarded as very favorable. Tho 4
4 reduction In the deficit amount- 4
4 ed to "$$,650,800. Thla is the 4
4 seoond largest weekly reduction 4
e since tha deficit waa first re- a)
4 , ported, on October 26. The to- 4
4 Ul deficit now amounts to $11,- e)
e $0(.66O. ..;
:.'
in All Lines Should
; Eaise More Ilogs.
PORTLAND LIVESTOCK RUN.
.- -. ,i- . Mors.
Psst week ,.,,, tii
Year ago ....... 852
1908. ........ ....1038
10$ .... .1218
Cattle. Sheen.
280
481
668
4U8
1827
164
661
4641
wheat up, oon;:
IIP
i
Erratic Trading in Chicago
During the DaySharp
Advance at the Close. ;
By Hyman IL Cohen.
Portland Union Stockyards. Jan. 4.
xne xirst weex in tne new year ends
with a better tone displayed by the en
tire livestock market. Chief causes for
the improvement are tho very small ar
rlvals for some time and the fact that
prlcea are low and consumption has
been greatly increased, especially la
hogs and its products.
During the first week of the year
tne totaj receipts -ox nogs were out as
head a nominal amount compared with
the demands of a greatly Increased pop
ulation. This compares with 862 head
year ago, 1.088 two years ago, and
1.218 head thla week In 1906. With the
establishment- of tho Swift plant at
Portland. Willamette valley and eastern
Oregon and Washington producers have
but little time to get Into tha hog rais
ing business.
During the week tho hog market held
firm with values about the aame as a
week ago.- - - -
cattle run for tne week was nardiy
By Thomas BhotwelL
. (Hearst Na br Loosest Leased Wire.)
T . . A TT..a ,t.A InIll.
encV of a bank sutement "that show, fjff ' .LA0. 2P
the New Tork institutions are rapiaiy "'Zi a.J.T i. tl.. Tn4 vl.i
making up tha deficit, the etock market P!,," itfli'i66Lh?52
was bild firm throughout the seeslon thef 'J'- ISSL 5d 'pm!
today. The money situation Is cleered week tjr 9"''
and from now on other conelderaltons prices held steadier during the week.
a bein, taken into account by- Wall out fao
The one which had most Influence to- ru b4" or. A". reler . .ae"na
pdu-cti-by thVsueTt.tT'Tfiir;ii5 vj? jrtiMM.
fnfluer.oed London. The Inspiring fact fTff" JJtVT irV'J !.r5?
waa that Investors stood ready to Uke market, remained stationary as regacds
ot.A.. I nrlca.
Biivii. r-,
jl year ago .or me Hma ynuuu ui
arkets were firm although a some
what duller tone ruled In sheep.
urnciaj yara prices:
Hogs Best eastern Oregon. $5.25:
China rats, 54.TbOt.ue.
Cattle Best eastern Oregon steers,
$2.7604.00: beet cows and heifers, $2.78
fjl.OO; DUUS.ll.7BOil.0Q.
Sheen Best wethers. $4.6004.78:
a a4vi w J wi - . a .
dividend. The experience of New Tork mixed ana nest swea, ft.oe; lamos, s.eo
proves that no dividend increases are
not popular Just now. Wall street re
called today that the Baltimore A I WOOL FIBER 13 FIXE.
vuia west inio vum unnua ui receivers
bootkUplg su7piuswof $44.000.000 1 and Prospect for Fine Qnmlltr Next Sea-
every share of atock offered.
but when they dlaoovered the profit- mar!'e',wr t,aitb2u5!L
takin in Heading. Union Faclllo ana
Steel, they recovered from their fright
Northern Pacific waa the strong fea
ture with an advance of almost 9 points.
The unofficial Information on this stock
is that it will receive an extra dividend
within a few days. It has a very large
aurplus and can afford- to pay an extra
not enough cash to operate its trains.
Not that there is the slightest suspicion
aa to tho Northern Pacific's surplus, but
that surpluses are not regarded with
veneration by practical atock market
men.
Purchase by M. C. D. Borden of a
large quantity of cotton waa hailed as
a sign- of business recovery. The fact
tnat ne is willing to take cnances on
such a large order indicates that stocks
are low throughout the country. It la
possible that more spindles may be set
at work as a result and a revival in
New England would be ax Dec ted to
spread rapidlz westward.
Favorable tetums were made by the
Illinois Central and the Delaware A
Hudson. The net lncrese of the former
was $44,212, out of a gross Increase
son Are Very Good.
fflpednl DhTltch tt The Journal.
Pendleton. Or.. Jan. 4. The sheep
men of all eaatern Oregon are delighted
with the wool and sheep prospects lor
the coming season. The winter has
been mild and open and the wool fiber
Is exoeuent; while tbe prospects ror a
heavy lamo crop are aiao nigniy satis
factory. Little hay has ' been fed as
ret and aneep are in excellent condition,
t la now predicted that wool will sell
in the nubile sales to be held In eastern
Oregon next spring for from 22 to 25
cents. The quality will be excellent
owing to the uniformly good weather,
which has given an excellent growth
and texture to the wool. The grade of
sheep In eastern Oregon nas been lm
CHICAGO V7HBAT MARKET. '
Open. . Clone. ," Jan. I. Oaln.
May ..,107' . 148 4 " WA 1",
July ... 9t : lOOS w' -Iti
' (United Press Leased Wire.) '". A
Chicago, Jan. Tha wheat market
opened at from H to Ho higher than
the previous day's close, but the de
mand waa only for email lots and the
offerings at the alight Improvement
larger, so that the tendency was re-:
active almost at once. Local receipts
were 18 cars, compared with 86 cars th
same day last year. Minneapolis and
Dulutn had 189 cars, compared with.
362 a year ago. It waa reported from
Duluth that Minneapolis was paying
from 1 to to more for wheat In the
country than Duluth. . Liverpool was
ltd higher. The easier feeling follow
ing the initial advance waa again suc
ceeded y greater strength and a rte
of greater proportion than at first The
market became very strong near the
end. getting as high as $1.08 and the
final quotation was $1.0801.08.
Trading In corn lost some of the spir
it that characterised It for a few. days,
but at the opening on tho smallness of
the receipts compared with a year ago,
thrre was more for sale et the Imnrove
ment that the buying orders could ab
sorb. 1 Receipts were 141 cars, while the
like day in 1907 reported 688 received.
Liverpool reported futures Kd lower
and American corn on the spot np d
and Argentina Ud higher. With the
final rise in wheat the market for corn,
was benefited to the extent of recover
ing Ite previous slight decline and leav
ing off for May delivery HOVkO higher
than it did the day before. . , , -Nothing
of the kind haa tn be re
ported of the trade in oats. The buy
ing waa encouraged by the strength in
wheat Firmness of wheat and torn
toward the eloee of the market caused
a little buying that lifted , prices fco
higher than Friday's close.-...
Trading In the hog products was fair- '
ly good the first half hour, with liberal
offerings and also commensurate pur
chases at the decline. , ,
Cash sales:
Wheat Winter. No. I red. $t.0u.
1.08; No. S red, 99ev$1.02H No. I,
hard. $l.O201.Oi; No. 8 hard. 990
O$1.06: No. Fapring, 81.08fl.12.
Corn No. yellow, l7Hl8a; No.
620640.
Oats No. I white. 4S61c: No. I
white, 4861c; standard, 11. r , ?; ,
Official range:
WHEAT.
Op
Open.
May 107 Vk
July .
l8H
of $227865. Delaware & Hudson showS tll It is estimated the , clip
white. 84.10; pink. 84.10: bayou. $3.90:
Llmas. $6.60; Mexican reds, 4 Ho.
NUTS-iPeanuts, Jumbo. 6tto per lb;
Virginia, 60 per lb; roasted, 80
per it; Japanese, 6 06c roasted, 79o
per lb; walnuts, California, 16o per lb;
nine nuts. I60 per id: nicKory nuis,
per - lb: almonds, 16c.
Vsats, Tlsh and novislons.
FRESH MEATS Front streetHogs,
fancy, 7c - per lb; large, 7c .per
id; veai, extra, swiuo in; oramary,
V,&ia per lb; heavy. 07 tto P lb;
mutton, fancy, 89cper lb. . , i
HAMS. BACON, ETC. Portland pfeck
(local) hams, 10 to 12 lbs; 13tto per lb;
11 1 Ik. 14. -L- Ik. 11 l A Ik.
13c: breakfast bacon, I6k Si22tto per
lb; picnics, 9 He per lb; cottage roll, llo
per . id; regular snort clears, aiuupru,
12o Per ibt unsmoked. 12 Ho per lb:
clear, backs,- unsinoked, -11 He; - smoked
12HC;,ynlon butts, 10 to IS lbs, un
smoked, Uc per lb; smpked, ISo per lb;
clear -bellies, unsmoked, - 13c per lb;
smoked, 14c per lb; shoulders, 12Ho
per 10; pickied tongues,, 7e eacn.
LOCAL LARD Kettle leaf.
PRODUCE DISTRICT TRADING ,
IS GOOD ENOUGH TO COMPARE
' . . a. a
Trefle along tha "produce street is
I60 per lb; braxir nuts, 15c per lb; t- oegmniog .yw T,;.m
berts! 16c per lb; fancy pecans, 16 200 ness is Assuming the normal condition
and Bales at tnis time couipaw r -vorably;
with those, of a. year ago' or In
fact any other season. ;
The present stage of dullness, is au-
Sllcatea every year ,r
anuary and the Slow trade generally
continues uuring nm --""
Produce Row there has hardly been any
diminishing of business.
Retail grocers report trade fully, up
to the average and none of them have
any complaint to make on this score.
Most of them transacted more- business
around New Tear's than they did In
any previous year. All of them are
buying their accustomed supplies and
prices are being quite well maintained
in nil lines wnere mere are no giuueu
stocks to take -care or.
dosen; eastern in Shan, $1.79 per nun-
drcLAMS Hardshell, per box, $2.4;
rasor warns,. .vw per
Palntsr Coal oil.
ROPE Pure manila, 14c; standard,
12 He; slsaKlOKo.
COAL
los. 11a
per lb: 6s. IS He per lb: 60-lb Una. 12 Ho
per lb; steam, rendered, 10s, 12o jer
as, a in9 yer iu, , vuuiyuuuu, fvi,
9Hc per lb. s . -
FISH Jlock cod, 12 He lb; flounders,
60 per lb: halibut 80. per lb: striped
bass, 16c per Ibt oat fish, llo per lb; sal
mon, ' fresh, IOC frosen, c; herrings,
6 lb; soles, -Ve lb; shrimps, lOo per"
lb: perch, 60 per lb; tomcod, llo per lb;
lobsters, 26o per lb.: fresh mackerel. 80
per lb: crawfish. 25o per dosen; stur-
Reon, 12Ho per lb: - black bass, 20o per
i sliver - smelt, 7c per, lb; Columbia
smelt, 80 lb; black -cod, f Hc lb; crabs,
$1.001.60 dosen. ' -'! '. ..'-. .
. OYSTERS Shoalwater buy,, per gal
lon. 82.50: per 100-lb sack, $5.00; Olym-
157004,6.60; liagle, caimed." $0o can; $71 union.
OIL water white, tanks, 12Hei
case,. 18Hc; . neaaiignt, cases, sucj
Elane. cases. 28c: Eocene, oases, II Mo
gallon. - f
GASOLINE 81 degi caees, 24H per
gal; Iron bbls, Me -per gaL 1
' tUtilVXiliNlV B UBS., vuva, .WW Ifwm a
Iron bbls. 230 per gal.: " ,
, titrpentinb In cases. 860 per gal;
wnn., hhl. Hilrt rt.r rfll
WHITE LEAD Ton lots, Tfca 1 per IbH
800-Ib lots, so Per id; Jess wa, o.
WIRE NAILS Present basis at $.l.
' SUverton Hop Dejegato, .
' Woodburb, :Or. Jan.. 4, Hopgrowers
rrom ; Woodburn, SUverton, ; Monitor,
Gervals and ML' ArtgeJ districts met In
this city ' today. FrancHt Feller mi a
elected director to represent Oregon
in ; the iHclXlo 1 Coast ,. ttopfrowers'
COPPER SHAKES AEE
, ACTIVE AND HIGHER
(Heant Xewe by Loegeit Leased Wire.)
Boston, Jan. 4. Copper shares were
active and higher for the most part in
the local market today and other local
specialties participated in the improve
ment Allous was up H at 80 ; Bps
ton Consolidated was, H at 12 Hi
Butte Coalition at 16 ?4 ; Calumet
A Arizona one point at 108; Copper
Range H at 60H'J Greene H at- 7Ht
Isalle H at 14 Hi Michigan. H at 8;
Mohawk at 49; North Butte 1 at ; 44:
Old Dominion 1 at 81 Hi Shannon at
11; Utah H at $1. , A
SUytr Market Higher. V At
Beartt News bf Leaf est teased Wire.)
- new ivra, b i,-.umujeivw .
silver this morning was- quoted at
66 c. an advance or no irons yester
day's price, and Mexican dollars at 44&
an advance of He . v"7
Bar silver in London. 5 Sid. an ad-
initMaaa, a 11 KA at O tt ..- a
ca uo, iiiui ooasj va w a wv.vd 0 vu w VA,
gross Increase of $248,691. This sur
prising difference is due to the new
management that has charge of Dela
ware tt Hudson.
Prussia haa announced a new loan of
$50,000,000 to be offered on January
14. Foreign exchange advanced sharp
ly, xne return now or currency rrom
the west has begun In heavy volume.
much earlier than usual. Speculative
wan street is mucn interested in tne
announcement that John W. Gates will
be back from Texas in a few daya and
pernaps get ouay witn tno markets.
Expeot Business Adjustment.
New Tork, Jan. 4. The year opened
with our leading business men In a so-
oer xrame or mini and generally antic!
will yield about 8 H or 9 pounds per
head this year.
1 1 1 1 in 11 i:
HOGS DROP 5 CENTS.
Eastern Price Is Lower Sheep and
Cattle Remain Steady.
(United Press teased Wire.)
Chicago. Jan. 4. Receipt hogs, 28.-
000: cattle, 4,000; sheep, 89,000.
Hoes are 60 lower. Left over from
yesterday, 2,000.
Mixed. $4.804.62U; heavy. $4.2504.
62H; rough. $4.160UO; light. $4,100
4.50....
catue Bieaay.
Sheep Steady.
Kansas City, Mo., Jan. 4. Receipts
rating some trade reaction. This Is Hogs, 10,000; cattle, 1,009; aheep, none.
u
ue to recognition of the fact that tha
liquidation and readjustment which
has taken place In the stock market
must to some degree be expected in
mercantile and Industrial affairs and,
while nobody expects such a severe re
action in the latter circles as has taken
Place in Wall street, still It is now ad.
rented that the mercantile credit situa
tion Is badly strained and that a lower
level ror commodities must be attained
before general business can show any
BUDH-wnuai lenaency toward recovery.
That the process of readjustment in
mercantile and industrial affairs has
Omaha, Neb., Jan. 4. Receipts-
Hogs, 11.000; cattle, 300; aheep, nona
Livestock for Portland.
(Special Dlptch to Tbe Journal.)
F.le-ln. Or.. Jan. 4. A shipment
four carloads of cattle thought, to be
the heaviest in average weight ever
made from Wallowa county has Just
bean aant from this place to Portland.
The shipment consisted of 110 dry cows
1,Z74 pounas. xney
May ..,
July..
o5
106. 108H,
' 98 ' . 100
1H-60?s'
9&V
High.
'108H ,
loo'.;-
CORN-.
61 H
60
OATS.
E3H , ISH
- 44H 4VS
' ' k ' . HESS PORK. f ''
May ....1825 1827- MIT . M8T
July ....1265 1272 1263 1271
May...; 68
July ..... 46
fS'
61 '4
46
Tacoma TVheat Market. '-3 J
Tacoma, Jan. 4. Wheat (export)-
Club, 82c; bluestem, 84o. . ; '
Liverpool Wheat Market, 'A s
Liverpool, Jan. 4. Wheat closed un
changed at 8a d. ry ?,...; -
SPOKANE MIXISQ EXCHANOE.
Paohandle, Certie and ' Snowstorm:
' Are the Good 8tUer$.iUf :.:; ;
(Furnished by Downing-Hopklna Co.,
Members Spokane Mining , Exchange. )
Spokane, Wash, . Jan. , 1 4. Official
prices..'- .;.. . '"r.-r..,i.-;
Ala
Alk
ax
ameda .................
Alhambra ............. .
Alberta. Coal 4b Coke.....
Bell .....................
Bullion ...... r i , .......
Charles Dickens i.i.......
Canadian Cons, Smelters .
Dominion Copper 180 ' t26
KvoluUon llli'liaf
. Bid. v Ask.
: 1 ' IW-
6H Hj-
2 -
.a 8 a '1'1;;' g C
'y 9 10
5 95 -
averaging 1.273 pounds. They were
nnrehaaed hv E. L. Wiley from N. U.
bearun. Is evident, and hnw Inn a- l will I fnafellow. E. T. ROUP and" son and
continue depends upon how far cor- Alex Gillespie. They were consigned to
rectlve influences are allowed to have!
free play.
. Wall street waa oblla-ad tn endure
nine months of acute reaction, and It
is possible that the period of readjust
ment in mercantile affairs may occupy
the Portland
pany.
Union Stockyards corn-
months to fully straighten things change 40 P
permanent basis. It does not neo-1 .
a few
on a permanent oasis, it does not neo
essarlly follow that the stock market
Hcouia uecime in svmnatny with de
presslon elsewhere. Wall street haa
orten been notable for anticipating the
future and running counter to condi
tions prevailing elsewhere The panic
Dftgan ana t-naea oerore general business
felt its effect: the security markets.
therefore, are entitled to recovery while
the storm-- is expending its force else-
n.av.V. .... . .. .1,0 .l., 1. UIH(. I I
ket has performed its worst blows and I i0.
is now on-tne road to recovery.
New York Exchange.
New Tork. Jan. 4. New Tork
I Calbraltb. Coal 34
ox, Gertie , ................. v ; Z
Happy Day .....tt...... 1
Holden O. a . i . .. . , . , i '. S
Humming Bird ........ v 4
Hypotheek -- , .-.-. crj -Idaho
Giant .. ............ . 6
IntL Coal & Coke........ 79
Kendall ....i K
Lucky Calumet . ., ,. , , . . i 13 i( ):; Jg.
raiaouu.a. VAippvi-. .,.. ; ' S S ....
Mineral Farm ........... -It . .X'Qj
Moonlight .i.,.. ....,.;'. 1 - iu
Nabob .m-.. .. .--- r l: B-1.!-Nlne
Mile ... ,"r 1
M. COnS. ,......,,,,,.. i 9
er cent discount.
ex-
Worth Seeing.
TTrAtn T.lnnlnrott'i
CninrmA nennla are proverbially fond
of funerals, and Mrs. walker's cook was
trying to make her mistress realise
what ahe had missed by not attending
the funeral 01 a prominent ciusen 01
their village. ....
"Mis' Fanny," sne said, -tou Bnoiy
orto hev beerr thsr. I ain't nevvah seen
a Pig runru in ais neaa town.
Dontcher know dey hed all de kerrldges
moa ail tne
New York range:
DESCRIPTION.
o
Amal. Copper. ...
Am.s Sugar c...
Am. Smelter . . .
do ' preferred . .
Anaconda M. Co.
Atchison c
B. at O
Brook. Rap. Tr.
Canadian pae. c
Great Northern..
C M. & St. P..
Ches. Ohio '..
Uoi. Fuel e ....
Erie c .........
L. aV N
Missouri Pac. . .
N. y. Central...
North Pac, c. . .
Pennsr Ry, v. . . .
People's Gas....
Reading Ry., c.
Rock Island, c
Rock Island, p..
800, c..........
Boo, pv
So. Pac..- c
So. Railway, c.
Union Pac. e...
V. S. Steel, e....j
ao p.
3
or.
Til"
108U
78
80
873
41H
158
107
30H
27
"47
ies
72
e
29H
49H
82
40
167 ,
106
29
93 &
44
ex
111
80
97
73
12H
119 .
89
fnm hnfe liberty stables.
nrlvate conveniences, an dat new
fambly from de Nawth was dare In, a
two-seatea syringe: -
Headwork.
Wnm the Chicago Tribune.
"What are you here for?" asked tha
philanthropic visitor. t
"Pur dn winter. I hope." chuckled
Tuff old Knutt. who had seised the op
portunity one coia morning, wniie.a
policeman was watching mm. to sny
a dornick through a large plate-glass
window and naa peen nurriea oix to
a warm and comrortaoie iock-up.
28
Mrt . ..
J-r. s .
1'
IB. .
95
Oom Paul '.4, ,,.... - 6 ,!
Panhandle Smelt ;,.,., V $ v 2
Park Copper . .-..,. ; 1 ;
Rambler Cariboo 20 S2H
...... . 7. . , . A,
Rex (18 to ,.... ,ii.M147 l. 17
Sonora .'.. ;-:ii. ,. 1 ;,
Snowsho i. ... .... .... .i"V 10
Snowstorm . , ; , ..- 114 116
Sullivan i..i.Vi.ii....t Ifl''
Sullivan Bonds 60.,,:75v
Stewart
84
100
i- a
Wonder . t
Bales 7,000 Gertie at c; 13,000 PanJ
handle at 8Hc; 11,000 Panhandle at
2 He; 100 Snowstorm at til 1,000 Sulli
van at -Be. & . "t-'r-'-kf;"!-
One of the most intereatlnr noTlttrnl
contests the south will have to ottr
next year will be that for the seat of
Governor Glenn of North Carolina, A
number of aspirants are already in the
field nd the f tght promisee to be a .
llvelv nn. nnvatm.. m.nn wVa t.
prohibited ; by - the constitution of Me
state from . succeeding himself,' will
probably try for the seat of Senator
Overman, -whose term in - the '.Unite I
States senate , will -expire a .year fron
next March. ,
.' Total salesL 283,800 shares...
' New York Bank .Statement.
New Tork, Jan. 4. Bank statement:
'..':-? s':; i. i;. '-Increase.
Reserve! ...................I 8,660,809
Less U, a 8,016.225
Ppecle. . ..4 r . iTT 4,245.600
Legal . . . ... ii. ..... i . 1.799400
Circulation , .. . . . . .......... ' ' 579.700
Deposits ...... "8,469.00
Loans ....., ..M 4,822,600
6-INVESTTiIErJT .D0IJD3
We are offering an attractive and one of the very best
investments which can now be purchased si the lowest
prices.. These bonds are ia denominations of $100.
With every sale of bonds ,
100 PER CENT. STOCK BONUS IS GIVEN
YOU GET $200 FOR EVERY $100 INVESTED
V; i. "farther inform tiori. upon "request. . ,
ST. JOHNS OAS LIGHT AND HEAT COMrAIIY
206-7-3 Cooch Eld Tortland Ore jon. '