The Oregon daily journal. (Portland, Or.) 1902-1972, February 16, 1908, Image 54

The Oregon daily journal., February 16, 1908, Page 54, Image 54

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Newspaper Page TextTHE OREGON SUNDAY ' JOURNAt PORTLAND, SUNDAY MORNINO, FEBRUARY ' 18, 1908. 13 III . lJ 1 mi Hois Are Still MoTiHgr ln.; Oregon but 1 at . Very Low Prices Just at Present Time. , IN THE MMNCUil. WORLD Northwest Hust Eaiso Great Many More Hogs , to Make Packing Business a Success. ,6 Litest Market Reviews HOUR HOLDING HI DIZZY HEIGHT Despite7 Drop in Prices ; cWhich Occurs Tomorrow v Quotations Are High. : .1 - T Hvman II. Cohen. There ha been a tendency among Pacific roast flour millers to hold tho price of flour at loo men .""'"Y.V. slderlng the cost of the wheat With the wheat market at the present height .k. k.i rinnr i- aim too rreat The prlci could be reduced a J!"TJi?.9 barrel and even at that figure mUn ...... ij k. uttahle oroflt. pro viding they purehaaed their wheat at They could sell export flour today at, 83.(0 a barrel and meke-a profit. Up to yesterday tney naa o" ?" for this grade, bat at that time, they cut the price 10 oentsa parrei. grades Were out from t w i a a oarrei, but thle hardly aeema sufficient consid ering the great reduction In the price . or wdmlc . , . Flour price have been too hlgnall along during the present aeason. They atarted at the high figures which the old crop closed at. despite the fact that It la usually the rule for new-grade f Aur in ahow a reduction 01 irom iu I Do a barrel at the atart of the season. However, In a sense the millers seem to have been jusurtea in inn ur i time the wheat market was firm with prices Jilgh. However, considering tne price of the wheat the market stared too strong ana nas Deea neia n figure ail along. Drop is Too small. Whita tha dron of 20c a barrel In the price of export gradee is a very big one for normal times. It Is not suf- Iloient 10 allow me miiwn much business with the orient and es- eclally Japan, because or tne reiauveiy ow price of wheat and the dlscrlmlnat nc duty by which Japanese millers can undersell the American millers in tneir own territory. . . Thn itiln the millers here seem to be courting trade suicide for tney are giving the Japanese millers .lust the op portunity they seek to get the trade or the entire orient. Had millers here pot the price of export grade at relative y the same price of wheat, they would hv hn arila in IDT evtflll to l-uniycm miller for the trade rf China. Japan Is not forced to buy Its wheat In this country, a fact that the mining trad la well aware or just now. tfor of late It has purchased extensively ;in Other countries; especially Argnium, where wheat has been going for a song. I Again Japan Is not dependent alto "gether upon foreign wheat with which to grind Its flour for It raises about as K-lflc states combined do. Consul-Gener- al Henry p. Miller forwards rrom ioko hama the following newspaper an nouncement regarding cereal crops :n Japan for the past year: vKeturns mailt oy me aepnrtrneni ui agriculture and commerce snow uiu jlhe actual production of wheat and bar gley in the Kinplre for 1907 was 22.17, 'it Icnlrn Iknku about B bushels), show Ing an Increase of 1, 802.224 koku, or 8 per cent, on the figures for the preced ing year, and an .Increase of 2.6&4.01S koxu, or 13.6 per cent, as compared with a normal year.- Th success of the har vest Is ascribed to the regular weather which prevailed after the sowing. Over ai small portion of the empire the growth of the plants was Impeded by train, but thef weather improved again hortly. before the ear developed, nnd fine leather then continued. The actu.U iharveet slfowed an excess of over l.fiOO, ;000 koku compared with the foreoast Is sued In June. The wheat and barley harvest Is reported to be th highest on record In Japan." SCANT WHEAT UrSINESS. 0EEATEST.HESEE7E v v GAIN IN NINE YEAES ., (Bttrst Kew by Lesgest titased' Wire.) 4 Nw Tork Tab. H. Today stock market wer generally 4 dull and heavy. J though Amerl- can made . arly raillea in Lon 4 don. : Tha bank statement was e ' favorable., but by no . mean, a good a expected. The gain In 4 tha 'bank aurplua reserve wa $1,011,010. ,th Urgst'for the 4 period lnc 1I9S. A cash loss of 4 tXSO,IOO-wM shown. 'Loan rl- creased by 1507,500, while de- ' posit decreased 1640,000.. In th e report of the actual oondltloo of the clearing house banks at the e cloa of business yesterday, oora- e e pared with' a ' week ago, there was an. Increase In the percent- e age of feoclpta which now stand at IT.II per: cent. The aoa- ! e clearing house members showed 1 e reserve of. Jl.t per cent . e e e e FIRST CLASS CREAM CANNOT V BE SECURED WITHOUT WORK V rowers' are making contracts to shin the new crop on March 1. There waa a weaker tone and a lower Dries ran re In the -local potato market during the pasbweea. caurornia is out of the market for the time being and prices there have dropped to 76o for ITIONT STREET REVIEWS. 1 '. 'I'M -Y;- ' h ' it Apphs Morement la Larger but Jap Orange Are Hard to Sell. Apple movement Is much heavier Into as well as out of this market. Prices are holding steady. Jsd oransres are hard to move at any price because bf the fumigation process through whicn the fruit goes upon ar rival. Tomatoes are arriving from Mexico In very good shape. iocal commission men have received Information that shipments of aspara-a-us will soon start from Blalock. Salmon run is very light, with prices By Andrew Vetseh. of Damaacaa still high. I Creamery. Hop market wa rather dull during I The tendency among cream shipper the ween, although some falr-slxed I has always been toward the least ef- aales were reported at low levels. fort regarding care and cleanliness un- Pront street sells at the following til the advent of state dairy assocla- prices; prices paid shippers are less tions In all parts of the country atarted regular commissions: an educational campaign which proved . tfraln. nonr and Tee. V"ly, or "tempting 10 tne GRAIN BAGS -Calcutta. : large b'll lllJJ " - the' lots: mal lots. tVtO. Here and there the Anlrv aaanrlatlnna WHEAT Track prleeeClun, lie; wer9 materially aided by the Individual Andrew Vetseh. red Russian, 78c: bluestem, tlc; val ley, lc. . CUP N Whole. $32; cracked, ttl ton. BARLKT New Feed, 28 per ton; rolled $29 01; brewing, $1. Ki t; ..6t per cwt OATS New Producers' price No. white $27 per ton; gray, 2(O26.t0. efforts of creamery men who demanded cleanliness, proper feeding and dally shipments of first class cream and were willing to pay for the attention given by the shippers. Creamery men who Insisted upon dally shipments and absolutely refused cream older than two days found the education profitable ?-&.'tI?ka?r:f.j?--p'Rn.tft the long run. owing to the assured 4.16; straights. $4.50: exports. $3.90; allev. S4.suu4.bu; granam. hi. whole wheat $4.7S; rye, 60s. bales. $3. MILL STUFFS Nominal Bran. $25 $4.50: $6.60; uniformity of quality in their butter. To insure the beat results cream should be thoroughly cooled before be- Inr; poured Into a can. It la well to place a clean white cloth reasonably tne can until e cn cover off meanwhile. Cream hould always re Kept in a cooi. wen ventilated room by Itself. It certainly should never be placed In a room where onions, etc., are kent. givlns: the cream an op portunity to absorb additional but rath er undesirable flavoring. The nollrv of the wise cream shipper who provides a special milk and cream Foreigners Are Entirely Ont of tlie 1 Market for the Moment. I In wheat there has bsen but a scant Amount of trading during the week Juat ended. Prlues on the coast have hen quoted in a nominal way because there was neitner a aemana to ouy nor sen. Even at thia time there baa been no re ft urn of buyera to the market, although (nominally values are lo a bushel lower for all grades. The traae nere la await Ins: a steadier tone abroad before ven turlng Into the market Buying 1 toe risky at the moment because the for eigners are not disposed to do business nere until tney see wnai ineir own mar ket la going to do. EGGS SLIDE AFTER RISE. t Milder Weather Result In Reaction - lnf Local Market Quotation. The egg market again atarted on the .downward slide at the close of the week. ,.Hlder weather again contributed ' to tower values, after a temporary advance ue to a coia snap. Poultry price seem to have reached heir limits, at least for the ordinary run or stock, cnicxens came quite rreejy auring tne weeic, Dut stocus did 'not move off auite as well aa ex Dec ted. Had there been no outside call It is jllkely that prices would have broken. IThere is a scarcity of broilers and fry- rs and prices are nign. xnose printed 2 ton; middlings. $30WJ1; shorts, ,,v,7 h. th Vf wuntrv. $27; city. $26; chop, 2l24. J'-dy to shin leTvln th HA- Producer prlc -Timothy. " "Jiff" '??,VJ.n" Ik Willamette valley, rancjr is; ordin ary, $11; eastern oregwn ' $17, mixed. 1OWJ10.50; clover. $10ffl13: grain. 10O12; cheat, S10O12; alfalfa. MO 18. Batter. Egg and Fool try. BUTTER FAT F. o. to. Portland- Sweet cream. 2So: sour. 24c. BUTTER Extra fancy fresh frmii. rnnm nnva well ordinary, 32 Vic; best storage, 27j30c; second grade, 26c; store. 2o a pound. EGOS Extra fancy, candled. 23 24e: eastern storage, 1516o dozen. OHEESB New Full cream, flat", 15Vio per lb; Toung Americana, 17o per lb. POULTRY Mixed chickens, ISo per lb; fancy hens. 13 He per lb; roosters, old, 10c; fryers, 16o 1br broilers, 16c per lb; ducks. ( ); geese, old, 8l0c raaaed. 18177 lh! annaha 12 Kn A.lZ '. By Hyman H. Cohen. pigeons. $l!6 d6a.; dressed' poultry, 1 ' Bwlft & Co., Is doing all in Its power lio per lb higher; wild geese, ( ) dox. I to make PortUnd the leading livestock HOB. Wool and Hides. center In the united Buues wnicn aopa. wool ana maee. means the world therefore the matter HOPS 1107 crop, first prime, $; lis cow In th har.ds of the livestock prima, ic; medium to prime, oftc; inen or the facllic nortnwest. medium, 4tf6c lb; 1906 crop. ltt2o lb; I As fast aa mUlions of dollars of cap- contracts. .1908, ( ). I itai and an army of laborers can do n WOOL 1107 clit Valier. lfrtlvl'.ha hi a nrovlalon concern will con- eastern Oregon. llH18a struct the most modern packing-house MOHAIR t02Hc. in the United States on It great tract hides Dry Hides, 120 l$e Id: green, of land on the peninsula, xnis is ail 96o; calves, green. S0Tci kips, lo the company will be able to accomplish lb; bulls, green tait. 34o lb and the next atep must be taken by the SHEEPSKIN 8 Shearing. iBcO20o producers ttemselves. each; abort wool. 35c 040c; medium. It takes many hog, cattle and aheep wood, 60c $1 each; long wool, 76c 9 to feed such a plant a the Chicago con- 11.25 each. Cern Is starting at the northeast border tallow Prime, per lb. Ic4c; of Portland. Building alone wm not No. 2 and grease, 202Va make Portland a livestock center. It CHITT1M BARK to. take stock and nlenty of It to put ..a .-.v,. Portland In. the front rank of packing - citlea. At the present time me facinc POTATOES Select. 1Krm 80n an. northwest does not produce a sufficient lng; buying, Willamette valley, 4050c; I amount of hogs to feed its own people, eastern Multnomah and Clackamas. 60 ra I not alone starting out to supply th 66c per cwt; sweets, 3c. wants of Europe, Africa and Asia. More ONIONS Jobblnsr Drlce. $2.60 3.00: hoars are needed and thia la the proper buying, spot $2.25; garlic, 7c lb. time to start raising them. It ha been ArfLES Select. $2.00; fancy $1.75: many a year einee tne raciiio nonnwest sample of the cream let him.ust before shipping;, pour the cream on hand from one can Into another until thoroughly mixed, aay four or five times. A sam ple thua taken can alone be considered a fair average. Stirring In the original can la not aufftclent. Where cream has to be hauled any distance by wagon it Is advisable to use a special JO gallon cream carrier which is provided with a float keeping the cream in rirsi ciass condition and pre venting premature churning, hardly avoidable in ordinary cans unless they are brimful. It la the belief of the writer that where state dairy associations have been formed, existing evils regarding the -cleanliness of barns and milkers, etc., will be overcome gradually. But not until all butter manufacturers in sist upon dally or everr other dav "Mo ments can a uniformly high quality of Duuer oa produced, aitnougn price may be almost uniformly high. Old cream Is bound to be second rrnrte fin. daily since all fresh cream is not neo essaruy ail first grade, the auallty de pending upon tne reed, buildings, etc provided for cattle. If all butter makers refused cream older than two days there would soon be a acrambla among the cream shipper to produce tonly the best and to ship promptly to be Insured the highest mar- net price ror tneir nroduot. it wnnM also result in a more uniform butter HARRIMAN HAS CARDJJPSLEEVE Financiers Believe He Is About to Spring Some Sort of Sensation. STOCK MARKET LOSSES. unnc IIUI nmmn m IIC UCHIIIHU 10 FEAROFBEARS Although Liverpool Started Strong Chicago Prepared to Go Down. Amalgamated . .lt Sugar I'm. Brooklyn 1 People's Oas 4 V. a. Steel S,8. do pfd H U. Missouri Pa a. Penns. Reading Hock Inland . Paciflo . . . Pacific Atchison A. Smelter .. B. at O p.T. Central Canadian 1U N. Paciflo .. S. Northsrn ...lfi C. O Anaconda S Southern Ry. STOCK MARKET GAINS. Cola Fuel HI Erie ... ti ..lte . .1 ..I ..l Hi If a shipper wants a product of purity and quality. MAKE PORTLAND GREAT PACKING CENTER BY RAISING MORE HOGS ;ire nominal. Creamery butter market la holding tpetter wun supplies or mo. i stock not mo heavy ana nrsc grade readily clean ressed meat market had a very firm one. wun nirner prices during the week. Recelpta were short In both veal Mid hogs. Imr up. 1 Dl It ONION MEN NOT WORRIED. annot See Anything but Higher Prices Although Now Down. Oregon onion growers are not afraid Ibf the market, despite the lower prices n-uiing au over tne country. Tne ract mat several cars ui eastern onions were rejected at Seattle has given them k-ene'wed hope, but all this time the pnarket is dropping aoout bo a day in California, wnere tne eastern stock Is ald to be arriving In better shape. jta California the Cochella and Thermal H0PGR0WEKS FINISH OREGON ASSOCIATION (Special DiSDStcb to The Journal) Salem, Feb. 15. The Hop growera' association of the Pa ciflo coast completed its organi zation for Oregon this afternoon " with a large meeting at th city ;'hall. Organiser H. L. Bent re p ported 47 per cent of the Oregon acreage signed up, which with 78 per cent in California and the eame In Washington la said to bring enough Into the union to Insure success. An assessment of 25 cent per acre wa levied and 1 tt was voted to leave all ft "further atep In the hand of the director according to he artl $t Clea of the association. There were enthuslastlo speechea of approval from large growers like Horst ; Bros, and ' Kreb Broa, ' Frahbl Feller a-ftd others. choice, $1.261.60; ordinary, 90ca$1.00. FRESH FRUITS Orangea, new, $2.00 2.60: bananas, 6c lb; lemons, $34.ti0 oox; limes, Mexican t per io pineapples. $44.60 dozen: pears, fan cy. XI .60 (tp 1.76 ; ordinary. $i a box; tan gerines, si. ib a dox; Jap oranges, 4U( 46c a box; persimmons. $1.76. VJSJUttTAiU-ES Turnips, new, 60 raised enough hoga to aupply lta own wants all the time. More People and Xa Bog. Of late yeara there has been such a tremendous Increase In the population of this entire territory that local pack ing-houses have acarcely cut any consid eration in the trade. Most of the hog 60cl sack- cwrou 60c oer sack- beets: products consumed In the Pacific north tl1,fii$l Wcat of late y?jr. have bf brought bage. ftce ;$1.26: tomatoes,. exlcan. 'l? A JnTPJf. ?""h8.,! $8.60; Florida, $5.25; beans, 15c; cauii- P?.ce" n" fouia no1 ,DWn, BUP" riower UaUfornla, 41.1001.20 doa; local, 75c $1; peas, 10c; horseradish, go. - lb; artichokes, 60c$1.00 doz: green per lb; regular short clears, smoked, onions. Ho dozen; peppers, 17c; hot- h0 per lb; unamoked. lOo per lb; clear hpuse lettuce, $1.2501.60 box; cucum- backs, unsraoked, 10e; smoked, 11c; bers. hothouse, $1.25 doien- radishes, Tji0n butts, ,10 to 12o lb: unamoked. aosen puncnea; eggplant zoo id; m2o per lb: stacked. l$o per lb: clear 12H The fact la that a large per cent of the product put. up by Paclfio coast packers In late yeara has been made from eastern hogs, brought here from Nebraska markets at a great expense, while Pacific coaat raisers have been benefited somewhat by the shortage here which forced the packers to pay them not only the high prices that have been ruling In the east, but the great frelghfc4Cnd other charges which they would have to pay la bringing hog from the east to th coast, they could have made more by raising a larger amount of atocks. . Ju,t. D0W tne Packer are doing all In their power to encourage the raid ing of hogs here In the west. They are still payine- hlrh nrfna itunit. h. fact that hogs have recently shown It was not always thua. an tn .nm. extent the present lack of supplies of hogs can be laid at the doors nf th. packere themselves. In former years it wn ire riuucy 01 racmo coast packers to not only brine in hon fmm th. but they would not pay the local raisers vniio yiitn iuoy uaiu eastern rais ers even excluding the great freight charsrea thev were fnmmH n bringing west these ehlpmenta. At that time they oon tended that coast hogs iw u iiicuu dui tnis waa proven false on numerous rwa . even the packers themselves disproving their own statement. That th uaiiovou umi onuic wneat-reo nogs had ui uini iui was snuwn oy tneir lncreas ing want. ah this is cnanged, however, and the By Thomas C. Shotwell. (Hearst Mews t7 Longest Lwl Wirt.) Maw York. Feb. 15. Perhaps Edward H. Harrlman personally is not responsi ble for what his friends are dqlnn, but it la a fact that every broker and opera tor In Wall street, known to be friendly to tha Harrlman party, did everyunna Doaalble todav to break prices. Weird yarns were set adrift regarding some financing that la to be announced In a few days, urnciaia oi uie niinin.i lines deny that anything of the kind la contemplated. Their unfortunate record in denying things In the past makes the etreet believe that something really Is coming. If it had come with out warning it mtht have bien ac cepted In good faith when It came, but anvthina in tha way of financing by the Union Paciflo or Southern Paclnc as a direot blow at eonnoence anu aa pan of an attempt to make another object lesson. Bond sales xa a T'n.r tha InflllJinra of BU bSCT I D t lOTl t of $300,000,000 for the $50,000,000 of New York CKy bonds, stocks opened strong and higher today. Hetty Greens remarks about the poverty stricken rich caused much selling- n causea mucu weakness in New lork central pun- chasers. Purchasers of the new Donas put out by the city already have a pront or aoove I points, ior wiaiv an active market In them today at from 107 to 106 Vt- The average pata to io city was something udovb iwt. J. P. Morgan was expected to sail for Europe today but political complications and the mysterious rumors emanating from Harrlman neanquartera cauaca nai to postpone his departure indefinitely, Persons familiar with the stiuatlon said today that they expected to see a fierce attack on the market Monday and Tuesday with Morgan A Co. coming to the rescue. There waa even talk of a big failure. Western Union Telegraph continued heavy, ahowlng a net loss of above 2 polnta for the day. Affairs of that company have become desperate and the operating expenses are to ue reduced at the rate of $1,000,000 a quarter beginning Monday. It Is said this will mean the discharging of many employes. The Illinois Central fight Is at the bot tom of most of the trouble In Wall street Just now, that cannot be traced dlrertlv to nolitlcs. and even that fight Is in politics. The Harrlman party has done some remarkable things recently. It looks now aa though they were at tempting to force liquidation In Illinois Central. HEAVY PRICE CHANGES. packing Industry of the Pacific coaat is to be put on a business basis where supply and demand are to ha tha iiiiu imum. celery, $3,7644.00 crate; cronbeirles, eastern,-$9.00 10.50; sprouts, 8o per lb. Groceries, JCuts. Sto. SUGAR California and Hawaiian Cube, $6; powdered, $6.85; berry, $5.5; dry granulated. $6.66: XXX gran ulated, $6.40; conf. A., $5.66; extra B.( t bellies, unamoked. o per lb; smoked,. 13 Ho per lb;, shoulders. 10c; per lb; picKiea tongues, 700 oacn. LOCAL. LARD Kettle leaf. 10a, 12Ho per lb: 6a. 12o per lb: tO-lb. tins, lio per lb; steam rendered. 10a, 11 Uo per uiateo, o.4u; conr. A., $6.66; extra is., l"i jsv yvr iu, vwuiiivjtuu, ivm, $6.15; golden O., $5.05; D. yellow, 8HA'JKr i?" . .... $4.95; 1)eet granulated. $5.45; , bar- 4 FISll Sock cod. lHo lb: nounders. rels, 16c: half barrels. 0c: boxes. 660 " per lb; halibut, Jo per lb; striped advance on sack oasl Das". ep per io: catfish. 110 per in; ssi- (Above orlce ara so Aava nat cash mun. uimuv, iinoj aiacmcau. no auotations.) Pr . . iroaen, c; nernng, hvnils J3.60 per crate. I " u uv V" 18.68. SALT Coarse- Half. sis.du per ton: 6 us, 114.00; table, flairy f,r" '7;v mrl, ,i VAM.VV IUII. WVB, f ll.VV, IM Lf IS, IW1I J 60a. $19,00: 100a. $18.76; bales. $2.60; Imported Liverpool, 60s, $2u.oa: 100s, iiy.uu; 4s, jg.oo: extra fine earrela, 2a ts and 10s, $4.6006.60; Liverpool lump rut: o Ib; soles, To lb; shrimps, 100 per branda $11 880 ,bj Pefch. o per lb; tomcod. lie per lb; oranoa, is.bW iobster,f 25o per lb.: fresh mackerel. 80 round 100a Per loi crawfish. 25o per dosen; stur- 4.00: table, dairy Z' Pr ib: black bass. 20o lb; silver smelt, eo per lb; Columbia smelt, 6c; black cod. IMo lb: crabs. tx.ooiaii.&Q a oxen. OIBTEK8 stioai water Day, per gai ock, $20.(0 per to:' 6o'-lb ock. $18.50; Ion- U-60: per 100-lb sack. $5.00; Olym 100? $14.00. ". p, per Mjion, ia.40; per 100-lb sack, (Above prices apply to sales of less l 006.6; Eagle, cenned 0o an; $7 than car lota. Car iota at aneclal nrlces subject to flurtuatlona) Mien; imperial japan, no. 1, to: no. 6&lC: New Orleans, head. 7c: A lax, 6c: Creole, 6c BEANS Small white, $4.25; large Whit. 84.10: nlnk 14.10; havnu. ta.BO: liiiiihb, o.ou; Mexican reas, c. maL $6.50; Mexican reds, 4Hc i'Vw! NUTS Peanuts, Jumbo. To per lb: Coal Otlsr- dozen; eastern in shell. 11.78 per hun dred. " CLAMS Hardshell, per box. $140; razor clams, $1.00 per box: lOo per doa. Faints, Coal 0O Bta. ROPE: Pure maalla, lo; standard, nc: sisai, iue. Virslnia, io per lb: roasted. Be per lb; Japanese, J4 0H'c; roasted, 8M1O per id; walnuts, calixorula, iso par 10: fine nuts, 100 per id; nicxory nuts, Oo per lb: brasl! nut iso rr lb: fil berts. 16c per lb; fancy pecans. 160200 per ivi aunonas, iso. Meat, Tith and ProrialoBa. DHKSSED URATS Vmnt atriut Hogs, fancy, 7 too lb; ordinary, 6fcc; large, ft?7o lb; veal, extra, tt10o; fcrM lb; ordinary, o per lb: heavy, Hf oc per id; mutton, lancy, lie per lb. HAMS. BACON.' ETC Portlnn.i nark (local) hama 10 to 1$ lbs.. UUa ner th: 14 to 18 lb 12o oer lb! 18 tn SO lbs.. 12c; breakfast bacon,' 15H flo" per lb j ptetics, o per lb;. otu .roll,' J9 Iron Bbla. Cases. Wood'Rhla. water vvnue ..11 0 .... 15 c Pearl on 18Uo Head Light . .13o 19Uo lc Eocene ,....,. ..,.. 21Ue .... Special W. W..14H .... 18)4.0 Elaine ........ . ... , j e . ... Extra Star ...i ..4. IlHo .... Gaaollne . . . Iron Bbls. Cases. V.- M. and P. Naptha . ..12Ho lHo Red Crown Gasoline ...18 Ko 5Vo Motor Gasoline I8&0 25Uo 88 per cent Gasoline ...80 o tlU'c No. 1 Engine DlstHlate..i e 17 - e BENZINE 8 deg., caeea, t per galj Iron hbla JSc per gal - . . .. TURPEKTINBJIn cases, $$o per gal; wood bbU, no per l v:;v.;.; . b!9?1?? LHADTon lota. To par lb; fcJPJtA & Bp "' lsslots, 8Ue, WIRE NAILS Present basis at $ J. 10. PRICE OF NEVADA SHARES in FRISCO San Francisco, Feb. 18. Last night's closing prices: GOLDFIELD DISTRICT. Sandstorm 85c Red Ton ICxr iitn rvv lumbla Mt 24o, Jumbo Ext. 48c, Silver Pick 8c, Black Butte Ext. 4o. Atlanta PUn,1i. ? C?n5'. 19c- 9omb- frctlon 70c F. Mohawk 2So, Red Hill 83c, Lou Dillon 4c, Yellow Tiger 17c, Yellow Rose u uumi. uuni, ",ov. BULLFROG DISTRICT. Lfge Harris 1c. TONOPAK DISTRICT. Ton. Nevada $6.16, MacNamara 84c. .OIU Belmon.t ,1'4 Ton. North Star 16o, Jim Butler 42c. MANHATTAN DISTRICT. Granny 9c. SCATTERED DISTRICTS. Nevada Hills $2.90, Pittsburg Silver Peak $1.83, Kagle a Nest 28c. . ., i Chicago Dairy Market. Chicago, Feb. IB. Butter, creamery, izOiSc; eggs ateadier; prime firsts, JO lie; cheese steady. ll12c New York Dairy Market. New York. Feb. 15. Butter, creamery. IS & Sic; eggs easier, western firsts, 20 21c; cheese firm, unchanged. fhe mines of ' the world emfolov K A7IA AAA b t n. nr. tha. ,ivvvi,vv jv. wuw miv w 1 . v um u vuv third, 9t taem art la a SrlUab ampin. Important Fluctuations Shown in New York Stock Market. New York. Feb. 15. On the atock ex- rhann riurlna- the week there were im portant fluctuations which oontrlbuted more or less actively In special stocks, but a comparatively quiet market In inhere elnce the recent panic, however, Is gradually becoming a matter of his tory, and lta effects in the financial district' are disappearing by degrees. Confidence has recovered considerably and the money market has settled down Into more normal conditions. Loanable funds on good collateral are plentiful, and good borrowers find no difficulty in obtaining ail tne accommoumnon uiti need at comDarati vel v lower rates. The future of the market Is some what uncertain, with the proapecta of no extreme fluctuations. Raiirond values have already under gone severe contraction, ana uun ib but little room for further decline, even should unfavorable developments ma terialize. Decreased railroad earnings and poalbly decreased dividends have already been very largely discounted; so, also, have many troublea appearing from day to day aa aftermath of the Santo. Thia explains wny tne latest ank troublea had no effect upon the market It Is quite possibly, in view of the recent rally, prices may sag on for a period, especially should unfavor able newa transpire. The outlook Is for no decided reaotlon. Range of values: CHICAGO WHEAT VALUES. Open. CIriBe. Feb 14. Gain. May $Mi , 92 u!' July 90fe 80S Vk (Catted Press Lcaied Wire.) Chicago, Feb. 16. Alhough the for eign markets showed some strength, as cabled before the opening, the prevail ing sentiment here waa more inclined to th selling side than was the cane at the cloae Friday. Some features of the home situation prevented the bear lshness thus shown from becoming ag gressive. There was a good demand at the lower figures and ahortly after ward an Improvement In price to about the closing figure of the day before. Liverpool future war OHd. higher. Antwerp waa unchanged, Berlin -lo a bushel higher. World a ahlpmenta next Monday will be heavy on account of th enormous contribution to 'the total from Argen tina and th liberal export from this country and Canada, but other export ing countrie wiu do Utu toward add ing to the bulk. outside domestic markets were ahow lng more strength than prevailed here and the bear contingent were divided in tneir views as to the propriety oi loiiowing up their usual tactics. firmness in tone that succeeded the opening decline continued to the end of the session. May price got as high as vtftc. nnd at the close was i?o, or hc higher than It closed Friday. Oora Xeeetpts Smaller. Considerably smaller recelpta of corn than the estimate and the continued unfavorable weather for their future enlargement gave a firm tone to the opening Id that market and the buying was good, while offerings were not ressed with any degree of confidence, .iverpool reported a alts-tit advance In futures. The market became etronger as rha session approached lta end, the brisk demand for the small offerings In tne cash market at from lc to Ho over the previous day's prices commu nicating influence to the pit trade. Business in the oats pit waa a aught Improvement over what waa done in the brevloua days of the present week and the price was inclined to do better under the lead set by corn at the open- Hog receipts were so much smaller than expected that the provision market opened rather steady, but prices' soon began to drag. Strength of the grain markets late In the session caused all commodltlea to regain earlier lossea. ' Cash. Salea. Wheat Winter No. 2 red, 98 94c; No. 8 red, 91H092c; No. 2 hard. 9SH98c: No. 8 hard. 91ft ft) 98c: No. 2 spring, seal 1.08 Corn No. s, BfAc; iso. a wnue, ns 64 Hc: No. 8 yellow, b4 A fff t6c; No. 4 blc. Oats No. S white, 6052Hc; No. white, 4651Hc Range of prices: WHEAT. Open. High. 93U . 92 90 i, 90 CORN. ,.0H 61H ,.694 69 OATS. ,.60"t 60 .44 44li MESS PORK. .1125 1127 .1165 1167 SHEEP, SHEEP, POPULAR GRY Famine Exists in Coast Mar kets and Prices Arc Way 1 Up in the Air. I" PORTLAND LIVESTOCK RTJN. Hogs. Cattle. Sheep,; Pnst week 1!07 1908 1U5 ... .640 .628 ,. 17 ..269 278 1112 495 262 it 94a 881 i$a May July May July May July Low. 9314 90 60 59 It 60 44 Close. 93 90 ltt 69V4 DESCRIPTION. i J .f 1 ' I ' I , .1 48 Vi 48 47)4 7 , 112 112 Va 110 110 , 18 18H 17 IT" , 40 40 V4 88 29 , 86 86 84 84H 28H 28 27H 27 98 93 91 92 69U 6 67U tl 78 78 77 77 146 145 143 143 14 14 14 14 90 90 89 89 87 87 35 86 111 111 110 110 96 96 93 94 . ir 12 11 11 69 70 67 68 108 108 106 106 117 117 113 114 69 69 66 67 94 94 93 98 121 121 119 119 118 116 92 93 90 90 31 31 80 30 33 32 25 25 24 24 9 9 9 9 27 27 27 27 130 130 129 129 89 14! Amal. Copper. . 8ugar Colo. F. & I Brooklyn People's Oaa ... IJ. S. Steel, o. . . . U. S. Steel, p Atchison Bait. & Ohio Canadian Pac . . . Erie Louis. A Nash.. . Mo. Paclfio ., ... X-oiiii, .......... Reading Rock Island Southern Pac.... St. Paul Union Pacific. .. Am. Smelter. . . . N. T. Cen Northern Pao. . . . Great Northern. . Soo, o Anaconda Am. Loco. Cotton Oil R. I. p Southern Ry. . . . Ches. & Ohio. . . Soo. d Smelter, p Wabash, p Total aales, 449,600 shares WEEKLY STATEMENT OF NEW YOKK BANKS New York. Feb. 15. Bank statement: Clearing house members average: Reserves increased 31,018,050 do less U. S. Increased. 973,100 Loan decreased 4,607,600 Specie decreased 657,100 Legal Increased 406,300 Denoslts decreased 5.075.400 Circulation decreased 668,000 Clearing house memoers per cent- age 27.86. Reserve increased 12,113,500 do less u. s. increased. 3.067,600 Loans decreased 8,651,200 Specie Increased 469,000 Legale increased 2,062,900 Deposits Increased 1,688.600 Circulation decreased 275,800 Nonmembers percentage bf reserves 24.9: Loans Increased $3,689,500 Specie Increased 2,246,800 Legale decreased 191,200 Deposits' Increased 8.952,800 Deposits eliminating from other banks and IrusUcomDanles In New Tort City. ,8.400 tot tfve daya. . , ; Vt. ;; f May July 1100 1143 1127 1117 Liverpool Wheat Higher. Liverpool. Feb. II. May wheat closed at is fto. a net advance or d. Tacoma Wheat Market. Taeoma, Feb. II. Wheat, export ciUD, ic; oiuesiem, sic; reo, vvc. ARE MOVING HIGHER IN FRISCO EGGS (Besnt News by Longest Letsed Wire.) San Francisco. Feb. 16. Wheat car goes on passage were quiet, buyers being reserved. The English country markets were easy, and the ' French were quiet. Liverpool was steady for spot and nigner ror futures, in fans February closed higher and futures de clined, ine local maraet was practi cally at a standstill, even lower prices not tempting buyers. The receipts were l.zaft centals. May barley closed uncnana-ed. and uecemDer waa a traction lower, spot barley, oats, hay and beans remained as previously quoted. The receipts in eluded 3,360 centals barley 410 centals oats and n tons nay, also eou cen tals corn from the east. In flour there were no reported price changes. The receipts of flour were 692 barrels. There were lessened receipts all around In dairy products. Fresh extra butter advanced c per pound, and all fresh crades closed firm, also storage. with the exception of the ladles. There were no sales on change, fresh eggs advanced 2c per dozen for extras, 2c lor firsts, and lc tor seconds. ah grades closed firm. On 'change 40 cases of extra eggs sold at 25c per dozen. New cheese was lower for flats, fancy and firsts, declining c per pound. Flats and Toung America closed firm. On 'change 25 flats, fancy, were sold at 12 c per pound. Stocks of storage nutter and es;K8 nave been greatly re duced, large shipments of these having been made east lately. Five carloads of oranges arrived, making 40 for the week. This supply was quite well worked off, there hav ing been a larger demand on the re turn of clear and warm weather. Five SO-basket crates of strawberries were received from Los Angeles in bad con dition. They sold as low as 50c per crate and up to 13. Mexican limes were held higher. The market was lib erally supplied with fine bananas. Busi ness was unexpectedly quiet, consider ing the fine weather and the usual ex tra requirements on Saturday. There was no change in potatoes or onions, the market still having a weak tone. The first Cuban tomatoes ap peared in market, 10 crates of six bas kets each being received via New Tork. Some were sold at 36 per crate. The express charge from New Tork waa 13.75 per crate. The tomatoes were In first-class condition and of fine color. Those from Los Angeles recently hava been mostly poor and having no regular price. There were 38 sacks of green pea from the south, and only three sack of string beans. Rhubarb la be coming a little more plentiful, with some increase In receipts from across th bay. Only four boxes of aspara gus were received, beet Alameda bring ing 40o per pound, and 85 3 5o from elsewhere. -, ,. -;-t t ,vf,, .ii ii r AM The legislative campaign whieli the Worklngmen a Federation of New Tork atate has planned thia year will embrace some distinctive propositions, such aa the election of a labor commissioner in stead of his appointment by the. gov ernor. The establishment Of a minimum cale of 25 cents an hour for unskilled labor oa publia works la also proposed. By Hyman 11. Cohen. Portland Union Stockyard. Feb, "'f, yu ' a man who ha aheep to PJ bring him In; we must have them. This Is the situation at present ruling; in the lota livestock ultuatlon. Every one wants sheep; they are willing tO pay an unusually high prlc for It, but thus far their wants are unfilled. What has berome of all the sheep In the Ore gon country is a mystery that livestock men are unable to nnswt-r. Some aaxert that sheepmen are await Ing a more favorable market before letting go of their supplies, but this can scarcely be true, for never were conditions more favorable for a good aheep price than at the present mo ment. In fact this same sort of condi tion haa ruled locally for some week.-w It la getting; to be the general opinion of the trade that sheep are fast disap pearing from the ranges of the Oregon country, and that the year s count will prove the truth of this aaaertion. In any event livestock buyers who know every road and every Aheep camp this Id of the Rockv mountains say there are no sheep to be had in the vicinity of Portland. Bring ifattoa From riaewaere, . During the entire week Juat ended but a handful of aheep arrived II head in all. Killers are forced to bring the mutton from other section because of the scarcity of sheep here, and this ha resulted in some unusually nigh prices for dressed mutton. While the receipts of hogs are show ing a fractional Increase over th ar rivals of this same week a year ago the run was most dlsaoDiintina ta kill ers, who expected the recently ad vanced values here and the decline In the east to bring larger supplies to the home yarda. Not half enonah faoaa are at present coming to fill the de mand, and officials of the yards assert that had the receipts been several time as great as they were the prices would in all probability have held up. Booet Price of Cows. Because of the hlarh Price on steers " and the great shortage of low prioedv cattle, there was an upward tendency to cow prices in the yards durlna- the past week. Prices advanced 35o during ' that time, with the market strong at tne nign figures tne close or tne weeKj Only a small amount of cattle (came into the yards during the six days, the totals reaching 278 head, compared with, i.i iz neaa a year ago, 486 need two years ago, and 282 head three years ago for this same week. i A year ago for the current week all lines of livestock showed a firm ton' wlUi fractionally higher values. -; Official yard values today: Hogs Best stuff, $5.2505.85; stock ers and China fats. I4.50OS.00. Cattle Best eastern Oregon steers, 14.35 e 4.60; cows and heifers, I3.60O. 3.75: bulls. 32.0002.25 ... Sheep Best wethers, t5.75fjl.00j iaiuua, f a.uvip b-zd; ewe, I3.UVQP. STOCK OUTLOOK GOOD. Stockmen jLn Sluch Pleased With Present Feeding Situation. ; (BpeeU! Dispatch to The Joornal.) , - ' Pendleton, Or., Feb. 16. Stockmen of Umatilla and Morrow counties are . pleased with the outlook. So far this " has been an open winter and but little feeding haa been reoulred. Great stacka - of hay have been untouched and tt wilt -require a great deal of feeding to place ' the stockmen In any kind of rinna-ar. Stockmen who operate large, ranches lnt different parts of these ceunties say sheep are in excellent condition. Thai recent snows were of benefit to all' : , ranges. , - ;vs ITGHT RANGE LEASB BILL, V Oregon Wool Growers Want Pre.' cnt Conditions to Continue. " (Special Dlnpstcb to The Journal.) ' ' Pendleton. Or.. Feb. 1 S rian w ' - Smythe. secretary of the Oregon -Wool-' growers' association and a member of the executive committee of tha national. association, has been summoned to . Washington. D. C by President Frank Gooding of the National Woolgrowera' association to fight against the passage . , of the rana-e leaslnr bill to h intnw duced by Senator Burkett of Nebraska,1 The woolgrowers do not want the public domain leased or allotted, but prefer t ; let It remain open and free aa at pres ent. The Burkett bill proposes to lease and allot to stockmen every foot ot -public domain remaining In th west, -; .'v v STEADY TONE IN HOGS. 't Eastern Market Is Slightly Bette. Although Better Run Is'Hetrr.wev (United Press Lessed Wire.) ; Chicago, Feb. 15 Hogs 16.000. eattle .000. sheep 1,700. Ilora are ataajlv at yesterday'a close; left over yester day 9,200. Mixed I4.06O4.I0J heavy"-; rouan ana. neavy m.o4S,:, Cattle Steady. ' " : v Sheep Steady. '?.PT Kansas City, Feb. 15 Hogs 4.E00, eat-'" Ue 1,000. sljeep 200. . , w- Omaha. Feb. 15 Hoes 7.000. eattta none, sheep none. , :v W ? - yvtimm COPPER SHARES 111 THE BOSTOII MARKET (Furnished by Overbeck tt Cooke Cos, .dub i vii, tcu. io. ouicim prices; Adventure 2 V. Allouea ...... 27 H Atlanta 10 Brigbam ..... 6V4 Cal. A Hecla.687 Cop. Range 67fc Daly West 8 Dom. Copper.' 1 5- Kly.....' 7 uoia mu .... io a ,.843HPi ureene . . . North Butte Nevada Con.. 85 i Q roux ........ Old Dom. .... 14 Osceola ...... 79 Quincy ....... II i Shannon .. -,J0V4" Tamarack ;.,. I utan m. S Vlotoria ..... 4V4 Butte Otla.... 11 mtea ....... t . ' rlnity 4..,.. 1J arrot Ii '. Copper Ularket DeprWsedKf ; (Betrst Rewa by Longest LsssmI Wr. Boston, Masa., Feb. 15. The locnl copper market suffered from denresrit today and prices sold off freely after the opening minute. The downwnrl -movement waa caused by the .ru,i.. thetle . movemeat from New yorit n 1 partly through-the workings rf a kf clique In the market- who have ai 1 the copper metal market as -r"- for a reaction. , Amalf mated . to 47!' Boston Consulfdafed . , Calumet. & Arizona dm linel 1. Copper Kurtre was wtk it b 1 ' . cllning to 6it ; 1"1 Rofvl lot a i to l?'-i; North Butt !;---lln'l -CMd Dominion lost 2 point, .n-l , Ctrna, lost a point to ii. - , ''i-i':-'