The Oregon daily journal., March 29, 1908, Page 57, Image 57

THE OREGON. SUNDAY JOURNAL, T PORTLAND, - SUNDAY MORNINOv MARCH 29, 1608. .
Despite TJearish Dealers the '
Price of Eggs Has Made an
Advance During Past Week.
INWHE FINANCIAL WORLD
Hops "Were Sold During the
Past Few Days at Remark
able Price, of 1 Cent Pound,'
laesf MarfaJ Reviews'.
iVh Ac Trade
13
CROP PROSPECT
0
NEWS GALORE
FOR MISTS
All Sorts of Ammunition
Now Being Distributed
by Hear Forces.
YUKON GOLD IS
JIT HIGH POi
FORCJU DROP
Jscver Too Much Good, Cream Will It Be Worth Picking or
Wliile Wheat Opened Strong
Promoters Keep Security
From Going Too High. :y
Likewise Too Low. ,
and Fancy Butter Always Not That Is the Ques-
It Was Sold Heavily and
Lost Heavily Later.
:l ; v ;, Sells ItifflL tion Just Now.
DUG HAS HOP Mil, WHAT
HOST PROFITS OF THE PRICE?
.,.:' '' ' ' . - ''mm. 1
B Erall Held. Publicity Man for tne By Ilyman II. Cohen,
n.Muin t rMmcrf. i wnai is 10 dmoria or tne non in'
oi,.. ,,, nnftrunlt. I would urgeir":.f wl m,II ". lu """-
f. very eas tern farmer to come
rloue
rovers s
lor win tney continue to hold on men-
noaas to the grindstone aa long as there
it Paclne (north ""I J-niC business Uay 'don. In vrl
:f.d",r?.trTJ5!L - M&J!.nd fo I'lJJd loctlltlei because of financial rover
butter cannot now be met and probably
t waver will be met. aa long as the sup-
niv, la nrotHirtlonaUly limited, aa has
1
f V '
t
i
-ewW:
Emll Held.
bean the case for several years past.
kThera waa featir .expressed only a few
years as;o that-the business would be
erdone. and Tt Is true that some
I'creamerlaa have failed during that pe
rlod. But these failures were due to
the lack of cream and In some Instances
to lack of exDorlence and business in
. tklJIaence. rather than to the fact that
the supply of Rood butter exceeded the of business.
demand, in tne years aurina; wnicn i
. ttava evnlnlted Increasing oroducts it
has been my experience that the public
, .wants the price ror it. r resn, nrsi-
.till JIML...H aV.a.m
Class cream is siau ujii iu ufiam.
j as many shippers would rather avoid
the extra care Involved than accept the
higher price offered for the product
'When promptly and properly shipped.
la any nose to arrlndT
Thaae are questions that hopsrowera
ara asking themselves and deajors are
anawarlna- both In the affirmative and
negative. The sum and substance of
the hop situation at the present moment
la that too many bales of hops are be-
ina- produced. All interests agree to
this. About half the acreage should
H Allt fllir .VA llla tm ..linrullu
.M bmu ujl.. Mm .1 "il "l J
agreed to by the various Interests. Hut
who la to cut out their acreage? That
is the question. Everyone Is playlnu a
waiting game and each grower la will
ing to allow hla neighbor to cut up his
yards and right there and then that
same neighbor Is awaiting plowing ac
tion or tue otner reiiow.
At the nresent time there are about
30,000 acres devoted to hopgrowina In
the state of Oregon. At least 10,000 of
these acres should be cut up 15,000
would be better. Ud to this time there
have been practically few plowuns and
within a few weeks It will be too late to
In
Interviewa with various dealers both
bulls and bears I have noted that
these Interests are of the opinion that
the man who has a small honvard ami
no dryer should be the man to engage lu
other business.
lhe situation is verv desnerntn at
this time for all concerned and nil are
looking for a plan of escape. During
the past week 1J06 hops wore sold al
11.60 a bale, Julius Wolf of, Sllverton
taking In several lots at this nrlre
Herman Klaber purchased 15 bales dur
ing the week of old hnim at II". dot
II a bale. That Is the record low price
for hops.
At tins time those who do not want
the growers to nlow un their fd.liU re
offering the best producers from 8 to
no a pound ror one-year contractH al
10c a pound for three ve.irs Kvtn
those who want the growers to nlow
re buying contracts at these figures
The latter say they have the orders to
buy. but are not speculating on their
own account. Then again piactlcally
every dealer is cultivating his own
yards. Most of them have sold their
crops ror a term of years so must do
liver the goods. In any event thesi
contracts are profitable so the dealer
growers have no Intention of going ou
GOIXG l
BIG HOP DEALERS GIVE THEIR
VIEWS ON PRESENT OUTLOOK HERE
According to the best Informed men
In the trade tnere will be a sufficient
amount of hops to tide the brewers over
the ooming season if not a single bale
of hops was raised In the world this
season.
That there will be a big croD cro
lAThese are the men who claim there is duced everywhere the coming season i
quin uaeiy. At tne nresent time Ore
on s lands to produce a crop of almost
uu.uuu Daiea during isus. Knar and v.
not cutting out her acreage to any ex
tent and the same Is true of other hop
producing sections.
At this time there are still helrl on
Pacific coast 76.500 bales of ISOBs. 19CG;
and 1907s. It Is estimated that the con
sumption In the United States was 250,
uuu Dales, rractlcallv everv rltv now
naa a fctunoay closing law for the sa
loons so one seventh of the conmimn
to call aecond-grade cream, which it is will be cut out by that fact alone
no orotit in the business and retl
let us hope to make room for the more
particular and pusiness-iiKe snipper,
v But the market in general needs lm
rrovement by more earnest efforts on
he part of creameries wnose manage-
rnent will accept cream oi any age ana
in any condition. To my mind. It is
only oroper to make one kind of butter,
and that la the best. If all the cream
eries will bear that In mind they will
not even to accommodate their regular
shippers accept what aome are pleased
Then the prohibition area is yearly in
creasing and this will likewise cut off
a portion or the former demand. It is
now stated that 80 per cent out of 5
counties in Ohio will go dry at the next
election and that in Kentucky 97 out of
13B counties have already colsed up the
saloons. The brewers already have
their warehouses full Of honn because,
or tne very low prices and Indications
point to their waiting awhile before
venturing in tne market again.
presumed la used In making a second
vrade butter. If the manufacturers had
been making a uniformly first-grade
"butter right along there would have
been no need for the recent drop of 10
centa In the market price, even wun
the threatened Influx of California prod
cta into the Portland Tnarket. The 8e
attle market was higher at the time
and Los Angelea quoted still higher.
but did not flood the local market and
.left the demand for local butter in the
same accentuated condition prevalent at
the time of the decline. Meanwhile. Se
attle invades the Oregon cream ship- r . . r. , .
trritnr with n offer of hio-her Market inner ana
prices for cream to supply the home
demand for ita higher priced butter.
r The present market conditions justify
the belief that while the drop has not
. pressed every creamery so hard ror its
nroduct as It has aome. the older cream
eries suffer proportionately, because
UPWARD SUING TO EGGS.
they should have been able to hold the
local market against any outsider
If their goods were up to the very best
standard, uood butter win remain in
condition for some time with reason
able care, yet in Oregon It seems most
(BMpugh best to go around. This will
I be different from year to year, as the
Btate Dairy association supplies valu
able Information to old residents and
newcomers who are Interested In the
nrotits derived from the butter and
cheese-making Industries whose product
goes out from the Portland market to all
parts of the world.
. I therefore unqualifiedly recommend
the adoption of dairy farming in Ore
gon as the best means of living a
healthful life, while enjoying business
profits.
v In advertising butter be -sure that
you can back up all you claim tor your
brand.
POTATO DEMAND IS
I GETTING A MOVE ON
Higher With
Storage and Northern Call.
During the past week there was an
upward swing to egg prices, as was ex
clusively lorecasted in this report
week ago. The bears were unsuccess
ful In their warfare against the market
simply because the producers and ship
pers w.ere quite aware of their curves.
Receipts of eggs were liberal, but the
cold storage and northern demand en
abled the holders to obtain steadier and
in soma, instances, higher values. With
the near approach of Easter the mar
ket is not likely to show much loss.
Chickens ruled quite firm in, the Port
land markets during the past six days,
For one thtng the arrivals were not
near as liberal as expected and the de
mand showed an Increase. Present in
dications are for good movement during
tne coming week at very liberal prices.
creamery butter was very scarce
during the week and prices held stiff at
unchanged figures. Of the better prados
there was not half enough to nil the
demand.
Cheese market is firmer because of
the smaller supplies of first quality.
Most of this is In very strong hands.
which are not willing to let go at former
ngures. xnis applies to the flats. There
are no Toung Americas to bo had.
FRONT STREET REVIEWS.
; ! Ban- Francisco, March 28. There Is a
tnore active demand for potatoes, with
no change in prices. Onions were a
little easier. Another carload of east
ern arrived.
While the receipts of asparagus were
not excessive, much had been carried
over from the preceding day and the
demand was not particularly active.
Canners were not buying, and their ab
sence was felt by the trade. Some poor
and thin sold as low as 76c per box and
irery little extra sold above 8c. Rhu
barb was slow' and weaker, with con
siderable on hand at the olose of the
day. Borne of the green . peas that
have been received from the south.
Ventura, for Instance, have been sell
ing up to the best price for Bay, being
equal in quality.
The receipts of butter were very
large and more eggg arrived. The only
changes were in eggs, firsts and sec
onds being advanced He per dozen.
Extras and dirties closed-firm and all
othier grades were steady. On 'change
14 cases of extras sold at ic per
jozen and 10 cases of extras at 16c,
('losing at 17c bid and 18c asked. But
ter was nrm lor me leauing graces anu
steady for packing stock. On 'change
10 cases of . extras sold at 22c per
pound and ltf cases of extras at 21c.
Extras closed at 23e bid" and 24o asked.
Cheese, was steady for new flats and
firm for all other listed grades.
Six carloads of oranges, one of lem
ons and a mixed carload of oranges and
grape fruit arrived. The market had
an overstocked appearance for oranges,
but on account of the prevaUings at
the south local dealers have had to
maintain corresponding, values. . A half
chest of Longworth strawberries was
received from Palo, Art n3.wre
at 75c and II per drawer. If they toad
een in good condition they would have
brought somewhat better prices. Inv
bus, limea aad apple war UBClianxed. ,
Dressed meats are holding firm.
Potatoes are rather slow, with price
unchanged.
Onions broke a few records during the
week, the price advancing fully la a
pound.
Wheat market is very dull, but at
present unchanged.
No smelt are ahown In the local
market.
Front street sells at the following
prices. Prices paid shippers are less
regular commissions:
Orals, rlour and JTeed.
GRAIN BAGS Calcutta. o: larst
lots; small lots, 9 Ho.
WHEAT Track nr1n Club, tin
82c; red Russian, 8081c; bluestem. 82
HP 8c; vauey. oituioic
cwi'in wnoie. cracked, ill ton.
BARLEY New Feedi lit nar ton:
rolled $2981; brewlng$2.
tlx in .ob per cwu
OATH New producers' price No.
1 white (27 per ton; gray, $2802.bO.
FLOUR Eastern Oregon patents,
14.80: straights. $4.85: exnorts. 13.70:
valley. I4.4f; graham, Us,. $4.80;
whole wheat. $4.78 ryv oos, t.So;
bMltL STUFFS Nominal Bran, 2I
27 ton; middlings, $30.60S1; shorts,
country, $28.60; city, $27; chop, $2124.
HA Producers' price Timothy,
Willamette valley, fancy tlS: ordin
ary. $12.50012; eastern Oregon, $le
17; mixed. 410010.60;. clover, $10012;
grain, (- ); cheat, ij alfalfa. $120
18.60.
Batter. Ttz and 2ftrartrr.
BUTTER FAT F. o- B. Portland
Sweet cream. 2SHo; sour it Mo.
BUTTER Extra fancy fresh cream
ery. 10c: fancy 27H90o; choice, a? ftci
store. 20o a, pound..
EGGS Extra fandy. candled, 16 0
itc. - .
CHEESE Fiill cream, flats, 1 B 1 8 U 0
lb.; Young Americas. 17e per lb.; Cali
fornia, Toung Americas, 16c; flats, 14
14UC lb. : - ' .
POULTRY- Mixed ehlckena.l4014c
If the hopprowers of Oregon do not
plow up at least 10,000 acres this sea
son, hops won't be forth the cot of
Dlcklne them at harvest time." State
ment of Herman Klaber, of Klaber.
Wolf & Netter company, of this city
and Herman Klaber & Co. of Tacoma.
"If rrowers can osnlhly do so I
would advise them to hold on to their
hopyardu as long as possible for It looks
rh it me marKei i buhui iu ttunm.
The contracting looks like this." State
ment of Hurry Plncus of Isaac Pincus
& Sons of Tacoma.
11012c: frvers. 14. 6006.00 doz: broilers
S4.OOil5.00; geese, old. 8f!ic lb; turkeys.
alive, 1416c per lb: dressed. 18020c
lb: eauabH. 12.5!) dozen: pigeons.
uzen: dressed poultry, ltflfto per lb
higher.
Hops. Wool and Hides.
HOPS 1907 crop, first prime, 4V4Se
nrlme. 4 Vic: medium to prime, 4c: me
diuin, 3&4c lb; '06 crop. 102o lb;
contracts 1908. 8 4J9C lb.
WOOL 190k Willamette Valley, 16
01 7c.
MOHAIR 1908 Nominal. 250.
HIVES Dry hides, izoile lb: green,
4 & 6c: calves, green. 6 0Tc; kips, 6c
lb: bulla, green salt. 2!4S3U0 lb.
8KEEP8KINS Shearing. 15020c
each; short wool. Z6cotc; medium.
wood. 6Oo0$l each; long wool, iticdj
tl 25 each.
TALLOW Prime, per lc. 3c04o;
No 2 and grease, 2 01H.
CHITTIM 1ARK 3 03V4C
Fruits and Vegetables.
POTATOES Select. 60 075c, sell-
eastern Multnomah and Clackamas. 450
60c per cwt; sweets, 3 04c; seed stock
r. o. o. Portland, American wonaers,
$l; Early Rose, $l; new potatoes, 6V4
06c.
ONIONS Jobbing price, best, s-i.zt tB
4.60; seconds, $3.500 S4. 00; garlic, 7c lb.
APPLfc.S Select, $3; fancy, JZ.ZftffiP
2.50; choice. $2.00; ordinary. $1,25 0
1.60.
FRESH FRUITS Oranges, jz.oora
2.76: bananus 6c per lb: crated, 6c;
lemons $2 0 3.60 box; grapefruit, $2,600
$.60; pineapples. $4 0 6 dox; pears, fancy,
$1.6001. o; tangerines, ti.za a oox.
VEUETAJiLta Turnips, new, oo
10c sack: carrots. 60c per Sack: beets.
C6 0 76o per sack: parsnips, 6sc0$l;cab-
gabe, $1.5001.60: tomatoes, Mexican
$2.760300; beans, 15c:
r r 1 1 1 fl n jt! r
Oregon, $1.0001.25 per dot; peas,
12 014c; horseradish. 78o lb; ar
tichokes, 76c0$l.OO doaen; green
onions, ,40o dozen; peppers. bell,
26c; Chile. 16o lb; hothouse
lettuce, $1.26(3)1.60 box; head let
tuce, 6Bc dozen: cucumbers, hotnouse.
r.Rllfornia. tl.75 dozen, radishes, 25c
dozen bunches; eggplant, 20c lb.; celery,
.5004.75 crate; crnnoernes, eastern.
010.50: sprouts, 80c lb; aspara
gus, 11012c lb; spinach, 90c box.
Groceries, Stats. Eta.
SUGAR Western Rellnery Cube,
$6.60; powdered, $6.45; berry, 6.5;
drv eranulated. S6.45: XXX granu
lated, $6.06; conf. A., $6. 25; extra B.,
5.80;. golden G., JB.ao; u, yeuow,
$6.55: beet granulated. $0.05; bar
rels, 16c; half barrels, SOc; boxes. 66c
advance on sack oasla
(Above prices are se aays net casn
quotations.)
MUINtl a.ou per cms.
COFFEE Package Drands, $16,880
18. . ...
SALT Coarse Hair ground, lues,
13.60 per ton; 60s. $14.00; table, dairy
n. lluU. Iflfta US 7L. nul 11 In-
Imported Liverpool, 60s. $2u.oe: 100a
lS.uu; 48, lK.uw; extra una varreis, z
Is and 108, $4.6005.60; Liverpool lump
ock, 120.60 pwr to; w-io roca, !.;
100s. $13.00. . ,
(Above prices apply to saies oi jess
than car lota Car lots at special prices
subject to fluctuation)
KlUiir imperial japan, no. i, c; rxo.
tU0(c: New Orleans, head. 7c;
AJax. 6c; Creole. 614a
U&lAiNS nmaii wnuo, .io; large
white, $4.10; pink, $4.10; bayou, $3.80;
Limas. $6.60; Mexican reds. 4Vo.
NUTB reanuts, jurano, tc per id;
Virginia. 6Vlc per lb; roasted, to
per lb; Japanese, 614 06 He; roasted, 8 o
per lb; walnuts, California, 16" ner lb;
pine nuts, lfto per id; nicaory nuia
liin tter lb: brazil nuts. 16e per lb; fil
berts. 16o per lb; fancy pecans. l20c
lb: aimoncs, lee.
lb; perch, o per lb; torn cod, llo per lb;
lobslers. 25c per lb.; fresh mackerel. 8
per lb: crawfish, 26c per dozen; atur-
feon, 12 He per lb; black bass. 20o per
b; silver smelt, 607c per lb; Columbia
smelt, 3c: black cod. 7o, lb; crabs.
$1.(1001.60 dozen; shad. 10c.
OYSTERS Shoalwater pur. per gal
lon. $3.60': per 100-lb sack. b 00; Olym
pla per gallon, $2.40; per 100-lb sack,
$6.0006.60; Eagle, canned, lOo can; $7
dosen; eastern In shell, $1.76 per hun
dred. CIAMS Hardshell, per bog, $3.40;
razor clams $2.00 per box: 10c per doa
Paints, Coal oil. rta.
ROPE: Pure manlla. 13c; standard.
llHc; sisal. c; L B. slsai. 8Vc.
Coal Oils
Iron Bbia casea vvooa udu,
Water White
Pearl Oil
Head Light
Eocene
Hpeoial W. W
Elaine
Extra Star .
Gasoline
iivio
14 0
18 o
19V4C
21 c
28
21
14C
IS
(Coiled Prws Leaied Wire.)
CHICAGO WHEAT MARKET.
Open. Cloftu. Mar. 2i. Loss
SUVl kv k9t h
Mav
Juiy
Chicago, March 23. - With somo points
of encouruguinuut to bulls in the early
news rcgurdlng wheat, the price at the
opening was a blight lmprovoment on
cioslna figures on the day before. Re
celpta in the uoi iliwcst were very small
and there' was no ruin in Kansas,
far as shown on the official weather
map. These influence.! were of very
short duration, for the trade lias abou
concluded there Is to be no bug damage
to winter wheat in the southwest, and
they are advised by the crop examiners
that no harm will come to wheat In
Kansas if there should be no rain in the
next ten days. Soun selling became gun
oral on the crop prospects taken alto
aether. Liverpool reported futures hd
lower and spot wheat without cnange.
There was a recovery or hc in way
wheat from the lowest Dolnt on the day,
but that still left a loss of Sc. July
and September were much more steady
Decline for the day in juiy was 'ac
anil In Seotember l-16c.
Hell ng of corn became popular arier
the ooenina. the price of Mav In conse-
uuence taking a slump or a cent in in
tie more than half an hour. Liverpool
was Ud lower for futures.
Helling was general, in wnicn orrer-
Inas were heaviest for May delivery
which lost more heavily than the later
months. The net decline shown in the
end for May was lc. whereas July and
September only showed declines of Vic
euch. Hamnle market was very sloppy
and prices released were from IVic to
2c under yesteraay,
Market for oats could not wholly
overcome the Influences or a bearish
kind that were emanating from the
other grains. Compared to weakness
shown bv wheat and corn, however, oats
might almost be called firm. Short sell
ing of July and September was encour
aged and both had half cent decline the
first hour May showed a decline of tyc
and September of c. Sample market
was weak and prices naid from He to
lc lower than was current yesterday
Trading was good In the nog products
and at tho start prices had a sharp rise
Subsequently, the strength displayed
was trimmed down a little by the lnflu
ence of the bearlshness prevailing In
grain markets.
( A Rfl R3ltB'
Wheat Winter No. 2 red. 6i
P7'ic; NO. 3 red 93H97He; No. 2 hard
95i fr$1.02: No. S hard. 91H$100; No.
spring, !7& $1 07.
Corn No. 3. 62V4c: No. 8 white. 620
62c; No. 3 yellow, 62 6 64c; No. 4. 69
0 60c.
Oats No. 3 white. 60521ic: No. 4
white, 49ff 61 i c.
Range of prices:
(Range by Pownlng-Hopklns Co.)
WHEAT.
Open. High.
94 H 94
89V4 89
CORN.
66 .
64 VS
OATS.
62
45
MESS PORK.
.1315 1322 1307
.1367 1366 1345
Mav
July
May
ulr
Mav
uly
66H
64
62V
45 '4
Low.
Si
8SH
63 V4
62V4
45 'J
Close.
93 T4
89
66V4
63 3
62
45
May
uly
1317
1257
Casea
i9Vic
22Vic
22Vic
o
c
87 (
16
Iron Bbli
V. M. and P. Naphtha ...12V4c
Red Crown Gasoline 15Vio
Motor Gasoline 16 Via
86 per cent Gasoline ...10 o
No. 1 Engine Distillate.. 9 o
BENZINE 66 deg., cases. 26c per gal.
Iron bbli zsc Der sax
TURPEN.' INE In casea 72o per gal;
wood bbls, 69 Ho per gal.
LINSEED OIL Raw, bbls 62e, cases
68c; boiled, bbls 54c cases eOo a gal;
lots of 250 gallons lc lesa
WHITE LEAD Ton lots. 7Vtc per lb;
600-lb lots, 8c per lb; less lots. 8e.
WIRE NAILS Present basis at $l.lt.
TOiPAH SHARES 60
- TO A HIGHER POINT
San Francisco. March 28. Last
night's closing prices:
GOLDFIELD DISTRICT.
! Sandstorm 35c. Red Ton Ext. 15c. Co
lumbia Mt. 20c, J umbo Ext. 33c, Silver
Pick 24c, Black Butte Ext. Ec. Atlanta
24c. Great Bend 41c Florence $4.12.
Oomb. Fraction 70c, Ited H1U 24c, Lou
Dillon 4c. Goldf. Cons. $5.20.
TONOPAH DISTRICT.
Ton. Montana $ l.ST. MacN'amara 43c,
Ton. Belmont $1.17, Ton. North Star 14c,
JJm Butler 31c.
MANHATTAN DISTRICT.
Jumping- Jack, 4c.
SCATTERED DISTRICTS.
Nevada Hills $2.sn. Pittsburg Silver
Peak $1.10, Kaglea' Nest 16c.
San Francisco Grain Market,
San Francisco. March 28 Official
prices:
Open. Close.
. WHEAT.
May 158 B 158B
BARLEY.
IT'S n JUST
MOW FOR SHEEP
Fatal Number Arrives in thd
Yards During Week
What Is to Happen?
STOCK MARKET LOSSES.
Amalgamated. .
Sugar
People's Gas . .
L'. S. Hteel
do pfd
Atchison ....
B. A O
Canadian
L. N
Mo. Pacific . ..
1 Pennsylvanla
. 1 V Heading . . . .
. 1 lhe. Padno . .
.1 St. Paul . . . .
. U. Pacific . . .
A. Hmeuer
.1 N.
-1 IN.
1 I J.
HI
V. Cent
Pad tic
North, pfd..
.
: 4
- S
.
Rv Thnman C. Shotwell.
New York, March 28. Passage of the
AMrirh hill bv the senate had a very
depressing effect on the stock market
toiiHy because it will ultimately create
a frightful nunle if It becomes a law
The wild excitement over Lawson's
Tukon Gold was another restraining In
fluenoe. for it was a popular Impression
thaA I.awson had to take a great aeai
of niHljc.'(mated mid Smelters to ma
nipulate the mnrkrt up for effect on
Yukon. Knowledge that the l nlon ra-
elflc e.-iriilnaH m-xt week would make a
verv bad allowing and that the Erie dl
rectors munt decide within a week
whether to let the company go Into the
hands of a receiver caused apprenen
slon.
The market is over-bought and Is top
heavy with little traders who are ntng-
gerlng under the high loads at hlgn
prices The big people have been sell
ing freelv the last week, and simply
because they believe the market will do
Detter later in the year, tney are wui
Ing to see a setback now. For sucb t
llttln thing as a reduction in the price
of steel the trust Is liable to start a
belling movement. Liquidation of the
J3ii.uuu.uuu French loan might ao it.
Hall Reports Axe Bad.
Railroad reports were uniformly bad
Reading showed a decrease for Febru
ary of $218,736. In spite of Its splendid
business. The Atchison foreshows a
reduction In gross of $674,107, and In
net of $182,063. Union Pacific will
make lis new bonds only 4 per cent but
as it already has borrowed and Is pay-
ng interest on X35.UUU.UUU and it needs
at least tiiat much more, the Issue will
be nomethlng like $76,000,000. Inter
borough Rapid Transit stockholders nu-
horlked the creation of a mortgage ror
(50,000,000.
A flood of bond issues Is expected.
for the money market Is so easy and
the stock market has been so excited
that every corporation Is reaching out
for cash. The last of the clearing house
certificates Issued by New York banks
were retired today when the National
Bank of North America turned in $260,-
000 in settlement of its Issues. A loan
of $800,000 for six months Pt 4 per cent
on stock exchange collateral Is reported
from the First National bank. Ttiig is
new low price for time money and
Indicates the banking situation.
In spite of heavy selling of Amalga
mated which seemed to come from Law
son brokers, the Insiders are talking
about a short Interest of 300,000 shares.
They say they are going to put It to
par. Another bit of business on the
other side of the market la reported by
nternatluial brokers, who say they are
sending a remarkable lot of stocks to
prance, the stocks in many cases be
ing transferred to many shure holdings
In tho names of farmers and small
merchants throughout France.
Price range:
DESCRIPTION.
O
V
a
a
PORTLAND
Past week
1907
llHiS
19U5
LIVESTOCK
Hogs.
.. 386
.. 995
.. 400
.. 491
RUN.
Cattle. Sheep.
289 23
710 217
435 222
875 613
May" 134 HB
December 114B
186V4
116 (4
lb; fancy bens, JtViife; roosters,, old,
per
.Meats. Tlih aa Provisions.
DRESSED MEATS rronl street
Hogs, fancy, 7V4c lb; ordinary, 7c;
large, 646c; , veal extra, 8Vx9o per
lb; ordinary 8Ve per in; neavy.
7 ft) So per lb; mutton. lancy, juc per lb.;
spring p-ir , jitc
HAMS. BACON. ETC. Portland back
(local) hams. 10 to 12 lbs., 13o per lb;
14 to 16 lbs.. 12Vo per lb;- 18 to 20 lbs.,
12Vc; breakfast bacon. 16V422V4o per
lb; picnics, vo per iu. coiiage roil. 190
lb; regular uhort clears smoked, 11 Ho
per lb; unsmoked, lOVio per lb; clear
backs, unsmoked, lOVsc; smoked, HVic;
Union butts, 10 to 13a lb; unsmoked.
12c per lb; smoked. 13o par lb; clear
bellies, unomoked, 12Hc per (b; smoked,
l$Vo per lb; shoulders. . 10c; par lb;
pickled tongues, 70a oacb.'
LOCAL LARD Kettle leaf. 10a 13 Ho
per lb; 6s, 13ft per lb; 60-lb. tins, 12o
per' lb; steam rendered. 10s. 11 He per
lb: 6 11 0 per lb; compound, lua,
l4e per lb.
ISH Rock cod. MHovlb; launders,
to per lb; halibut, 6c per lb; striped
baas, 16q per lb: catlUh. llo per lb; sal
mon; qhinoolc, 12 He lb; steelhead ( )
Kr "lb; froaen, v c; . toerrlnga,
lb; aolea. 2o ib; sJulmps, J.8Q vtt
Money and Exchange.
London. March 28 Consols, 8711-18
silver. 26Vc; bank rate, 3 per cent
New York. Marcn 28 sterling ex
change, long 4.84 He, short 4.87; silver
ouinon, B 4C.
San Wanclsco. March 28 Sterling t
change, 60 days 4.82, sight 4.86.
documentary 4.S2 Vi ; transfers, tele
graphic 12 ft per cent premium, sight
lt per ceni premium.
Australian Wheat Shipment.
Chicago. March 28 Australia shin-
mentg this week: 668,000 bushels; last
week, tu,uuu Dusneis.
New York Metal.
New York. March 23. Copper metal,
18H13Ho.
- Liverpool Wheat Market.
Liverpool, March . 88. May wheat
closed at 6s 11 a, a net loss of V4d
from Friday.
Tacoma Wheat Market.
Tacoma, ' Wash., March 2$.-Wheat
exports Club, 82c; bluestem. 84c; red.
SOc. ; -.
Metallne and Idaho stocks.
Mammoth. Morning and American lead
stocks are active traders. We will buv
any amount of Mammoth at the mar.
fret nrlcit The L. Y. Keadv Investment
09antatuu SSl-Sii. Cbamhex t flommarcaj
By Hyman II. Cohen.
Portland Union Stockyards, March 2$.
That future events cast their, shadow
before has sometimes been foretold as
certain. Perhaps this applies to the
sheep market for that market jumped
Into the slang class during the week
with arrivals of Just 23 head. Whether
Its twenty-three so to speak for the
present price of sheep, livestock han
dlers are unwilling to say, but It cer
tainly looks as If something was about
10 transpire in tnat line.
Receipts were very small In all lines
auring ine past week and on this ac
count prices were held stiff all through
mo yurua. i nere was an aavance or 16c
In cattle which put the top to $4.75,
wnne nogs went up an equal amount
indications seem to point to a higher
price lor ooiu nogs ana cattle.
Dealers Ara Bearish.
Just at this time dealers are very
bearish regarding the future of prices
In both wool and mohair. Some few
purchases of the latter have been re
ported during the week at 26c, but busi
ness as yet Is nominal and Is likely to
days.
A year ago for this same week hogs
were weaker and lower while other lines
were firm.
Official yard values:
Hogs Best stuff, $5.605.75; stoek
ers and China fats, $5.25; block, $5.26.
. Cattle-Best eastern Oregon -"-steers.
$4.504.75; medium. $4.2544.85: best
cows . and heifers, $3.764.00: medium
COWS, 3.2D03.6U; DUI18. 1Z.Z6SVZ.60.
Sheep Best wethers, $5.75 6.00:
lambs, $6.256.50; ewes, $5.005.60;
mixed, o.uudjo.DU.
Amal. CoDDer .
Sugar
Col. F. & I...
Brooklyn
People s Gas. .
U. 8. Steel, c.
U. S. Steel, p.
Atchison
Bait. & Ohio..
Can. Pacific . .
Erie
Louis. & Nash.
Mo. Pacific . .
Penn
Reading
Rock Island...
Southern Pacific
St. Paul
Union Pacific.
Am. Smelter. .
N. Y. Central.
Northern Pac.
Anaconda 40
Great Northern. .1124
Ches. & Ohio 1 33 I
Southern Ry. . .1 151 1
Am. Locomotive. 45
Cotton OH I 2S
Smelter, pfd 1 97
Central Leather.
Rock Isl.. Dfd. . . 2SU
Norfolk 1 65 V!
Ontario I I
800, c 1
do pfil !
"62T
62
23
47
89
36Vfc
89 V4
76V4
83
153 '2
17Vk
100
43
117l
52
60 H
124
nn An . - I
46 46
89 Vi 89H
24Vi 34H
98 98
74H 74
83 83
1514 1617
16't IS
99 99
42
U6V4
107jl05105
15 la4 15
I 0 1 IS", 10 il
119 119 118 V 119
12812S!126 12671
73 73 71H
99
TTXOJr OOL9 COXVAjrr. ' '
On the Jfew York curb today Take
Oold oomnanv'a tlti-i.Mm i
charge opened at 17.50, which was the
feign point for the day. It dropped back
to $8,88, the low pout, oadet maaipn
lating Influence and closed at 9XM bid
and 8.75 asked.
Overbeck A Cooke company, local.
brokers, have the following regarding '
Lawson's Yukon Gold company's shares '
from their eastern representative! ' -, ; ;
New York, March 28 It it stated
ner that Thomas W. Lawaon la very'.
Z.Xl'tl,r'l .Vth ,he "cepUon given
.1 i?k?" o!d eompany's stock, even
though the securities were extensively
advertised in the leading papers of the
country. The flotation of these securi
ties is said to be a succesa from every
standpoint the response of the publlo
being much heavier than anyone had
expected. ;
There 'was evidently a dlaposiUon
among the promoters of the security to
eP ih? Prlce ,rom getting beyond
their height, and whenever U reached
the dangerous point they sold, and when
any outside pressure materialised they ,
? Vn 'nu;, upporting It aroun ,
$6.50 The public have been so thor
oughly excited over the Issue that the
speculative trade here believes lt will
reach a higher point during the coming .
week aa forecast by the printed an
nouncements of the Boston financier.
While no definite news can be asoer- '
tained at this time. It Is stated that
the securities have already been fully
subscribed for. ' .
STIARl' RISE IS HOGS. -
Eastern Price is 10c to 15c Higher
Other Lines Are Steady.
Chicago. March 28 lfna 11 ana-
tie. 300; sheep. 4.000. Hogs ara lOo tn
16o higher. Left over v-utonln v it AAA
Mixed. $5.60iij6.00; good and heavy,
I5 80W5.95: rous-h nn,l h.v in sum
6.70; light. $5.605.95 ' "
Cattle and sheep steady.
Cltr, March 2. Hogs, 4.000;
; sheep none.
cattle. 300
Omaha. Neb.. March ? .
cattle, 300; sheep. 1.000. '
-Hogs, 4.J00;
PUT PORTLAND
III Ffiillll Ril(
Board of Trade to Open April
1 With Quotations Ser
vice Every Day.
ii.&
1128 127
J 40 39H
'33 'S2H
16 15
97 '97"
I
Total sales. .199. .100 shares.
WEEKLY STATEMENT
OF NEW YORK BANKS
York, March 28. Bank state-
New
ment:
Members daily
28 34 per cent.
Kesen 0
do less V. 8. . . .
Loans
8pecle
Legal tenders . .
I'l-posits
Circulation
Members'
per cent.
Reserve . .
Less U. S.
average cash reserve.
Increase.
$ 2,364,075
1,440.276
2,8X6,100
3,220,100
967,500
7.254,100
... 202.700
reserve 28.18
actual cash
BOSTON COPPER MARKET.
(Furnished by Overbeck & Cooke Co.)
nosion, Aiarcn 28 uriiciai prices
Adventure ... 1V4
Aliouez 26
Atlanta 10
cal. & Hecia.636
Copper Range 66
uaiy west
Dom. Cop.
C. Ely
Gold Hill ...
Greene
Michigan ...
Mohawk ....
No. Butte ...
Nevada Con's.
Bingham
8
Z
11
31
66
12
i
Sup. & Pitts. 13
Glroux 4
Old Dom 8754
Shannon 12
64
M
(Julncv
Tamarack . .
Viotoria
Butte Coala.
United
Trinity .....
rarroi .....
Nlpplssing ..
Ely Cons. ..
Osceola ....
Winona ....
Wolverine . .
.'15 ft
19ft
83
6ft
128
Republican experts on national con
vention matters are of the opinion that
from present Indications the seats, of
300 -delegates - to the Chicago conven
tion are to be contested. The import
ance therefore of the control of the na
tional committee before which the pre
liminary hearing on these contests are
had and the fact that the national com
mittee practically controls the tempo
rary deliberations of th convention
when the committee on credentials is
annum. aa, sua juu, uat iuuu .. . ...
3,644,425
4.837.250
Loans 15,354,000
Specie 896,800
Legal tenders 1.477.nno
I''posits 16,898,500
Circulation 146.900
Other banks loans Increased 137.642.-
000; non-members' specie increased $3
037,300: legal tenders increased $711, 4o5
Total deposits Increased $47,571,800.
Total deposits eliminating other banks
ana irusi companies in New York in
creased $39,646,600. Aggregate reserve
on uepomia increased tf3, 268,600. Per
centage of legal reserve 23.40
Decrease.
Cargoes Are, Dull.
ionaon, aiarcn zs Cargoes dulL
Walla Walla prompt shipment at 85s
9d; California at 86s. 1
English country markets firm. French
Y. A. CHEESE OUT
OF PORTLAND MAHKET
There is no Tonne America'
4 cheese for sale In the Portland A
markejt todayt This la the first
W iima in umny years mat Such an
v occurrence nas oeen known
There Is also a, tnuci firmer tone t
e in "twins- and most ef the hand-
lers have put their prices to a
4 higher basia- SuppUes of first-
e ciasa Oregon cheese are limited ;
e and; the trad does not take to e
4 the California product ven .
though bffered at lower figures.
A ft 4 Ikl
Portland will take Its place among the.
more important commercial and finan
cial centers of the country the coming
week when the board of trade begin
operations. The first class will be Wed
nesday. April 1. All plans for the open- .
uig nave oeen periectea.
The opening of the exchange will be
celebrated by a smoker next Friday
evening and a select program haa been -announced.
President T. 8. Townsend and Secre
tary Fred Muller of the board of trade
of Portland returned last night to the '
city after an absence of five days, -vis- -ltlng
the east side valley towns tribu
tary to this city. Both officers ex"-,
pressed themselves as highly gratified
with the support received at the various
places visited.
"In discussing the work of the board
of trade now undertaken bv that y
change along commercial fines , with
these country interests." said Secretary
Muller. "we found every leading; busi
ness man whom me atinronche.l thor
oughly in favor with the proposition. ;
The desire of the merchants everywhere
Is to get in closer touch with Portland
and every one realizes that this can ba
best brought about through such business-like
efforts as ar now being 1 put
forth by the board of trade. The remi-.
latlon of market auotatlons, buying and
selling on 'change, and the various Oth
er strictly commercial features appeal
to the country merchants.
Wnlle during the hort nertnrl nf flva
days, it was only possible for us to
cover 12 towns, yet In all, with the ex
ception of one, the business men re
sponded readily to the nronosttlnn
vanced. The work undertaken h the
Officers must be conatdertul
efforts and it goes without saying that -:-the
ultimate results from this work will
be far reaching. , .
Anyway, this Is th rnncnm m
opinion wherever the proposition has ,
been laid before the hiislnniui interna. '.
and with the Wonderful resources anit .
possibilities for development and ex-
panslon. such
work can't help but stimulate trade re-
latlons and business expansion.
re . v. n .a . " . . . . - .
" irauj response up to mis ;
time Is a Criterion nf tha nnnHmnt
throughout the state of Oregon, the ef,
forts of the board of trades' undertak--lng
will result in lastlmr heneflfn. not .
only to those who have Joined as mem
bers, but to the commercial interests at
large. .7 v
It is antlelrjateil that a number at
country members will be on hand on '
the night nf tho mnlror Tnvitattnna
have been extended to nil! s ; f 1 -
r 1 he Com inc. weelc will Ka a. vftftt hiisir
one for the hoard nf trails hM-miHUV.
erythlng will be put in readiness to start '
wi quoiaiion market and the other
functions. During this trip, the same
as previous ones, we again learnea a
number of grievances and also received -some
good suggestions which it will be
the endeavor of the hoard of trade to ;
work out to the best interest Of all. -
'Through the courtesy of the Port
land newspapers the country had gath
ered considerable information about the ,
proposition advanced by the- beard of ,
trade. Everywhere we called we found
that the commercial work' proposed had
furnished the subject for : discussion -among
the business people. " '
"Publicity along commercial . lines
seems to be something the country mer-
chants are following very closely In the ;
Portland newspapers and we hear more
than one comment upon the desirabil
ity of such data.- The newspaper is one
Of the greatest educators along com mer.
Plnl lines whenever It 'gives reliable in
formation of abuslness character.
, "Business mm throughout the sta's
are eager to learn more about the mar
ket conditions of other trade centers
and are pleased to -take hold of the oi.
portnnitv offered them by the fcr4 i,f
trurte. The results as stated before, cf
this tr!t have Indeed been vrv jiratifv
inm and as fnon a some of the iiii !
work on the flonr of the echariRa ) o
tended to. another trin will l. un.i
taken 4 eovr the balance nf th l.-!r-
tory which still needs to hf seen "
Chicago Cmtt l;,tr' y.
CMcato, Jl.
:i
X