The Oregon daily journal. (Portland, Or.) 1902-1972, May 17, 1908, Image 26

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The Oregon daily journal., May 17, 1908, Page 26, Image 26

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Newspaper Page Text' THE ( OREGON SUNbA't JOURNAL," PORTLAND,' SUNDAY - MORNING,-' MAY 17, 1908 11 , V " I, a ; ) Latest Market Reviews , r i ' i 'I jp.ii . i ii ' ATTEMPT 1 0Ff EASTERN EGG HANDLEES ; IIKRE: 'FAILS TO MIX OREGpXS With the Trade KNOCKER'S CLUB GS I. J-' .IT n 1 jf . ' , r, Extern IlHndleiVIIcrfc il. -Jri-nl- V'l n5 -i 'rfty flyman -.H, iCeh'en Ifyettf yaV thia .tfine.thelre la n atremn? b'v, a.' oerthlrf clloiie eastern itfempt egjr handlers. mr (ftpd hci( JUUes' to ruUfl htpuUtlohf th'ft quality Of oAnrwpriHtUaea eggs I-1 i ,t'M ledrfc tn4VtrK. ofgjBegorV a Mot, between- f thV yesBtarted'qv.rlng :;the pajrt wesk"but thus fa? baa proven n ucriL owing to. 4b- tmblielty- give thjtf from fxt ti'mtyi stages- by tfhe journal ? i '. , v' , I f thli-chem- to reclti''ttie:"rpulatlonr of OtOB'ksy('VojiJl undoubtedly put, at tew )ioIitirpwiiQ'pcKe(tooks or tnoe her0yfjr yar Jt,-wflttrr mean more One it tjl. c Ifvef wy th RhOcker hav ;Of, doing , their IworW- la : to tat laM-the itrthut When. thy racl the) VHy 'the commfaston hoOn" ' tak iiut 4he ;heat nualltv. .Cor miaraire am Dutvthn renialnlni alowlT'Of oortaUaJlty- not-flurhaj Qrefon gea ,lB th-(tfocvry Btof. Init woula ,tsk for tha eastern Ktia la ' vf6tXwhjifc, - the astrn egrg' tianDJarir areTiraymg ror ana tney r -nHJinB i&Wft' DiiWIct Ion-'they , can .1 n TbaXJIrttCO iffa are vr lust , aa, (frtod 1rsron 4ga are vr Just aa, wrt e4i'.' b prducefl anywnera ouniHtr eAo..' ba produced anywnera liafi.een told, and retold" tlma an4' time nfdria by peftROrtr fact, not avi export an ten an trwgg rxnx. a eaatclrfl p'tu'.Vnor it te put-tn the case. To bi- avwa tni eeat ar morW carefully K-rided tiir. trmiftasf BildcHe -Mf Fhati lier-traUi' tie, br.0W fgga: helnl toaeinar and tne svacioua aizea aesre Irakoh-'fionltry,-and e Industry nneds njoj:carefuV. aupcyvlaltr in the vaekntt. lflrttna and, uhlppln f easra, lut jlftwh- e.thwe ba better tjuailty mnriyni nra-p.,: r Hrnnin cnnoi tlona . muohr .hetur than anywnera. elme In the country there aeema no rood reason whv If anv nlace waa to pro duce the best eaira that thla place anould nor be tirenon. EGGS FIRil AXP HIGIIER. Attempt to Hurt Imputation Only Sf-n-ea to Help Market Along. There were very liberal auppllea of , dreaaed meata rn the local marKeta aur ina the nasi week and the trade was ao well filled that It did not care to Viuv except at a reduction In values Thla Included both veal and hog al though In the latter market the pressure waa not nearly eo severe. The run of flah In the Columbia river continues vpry maJl and local arrivals are nominal. . Few of the canneries are oneratlng; at all and' cold storage rilanta are helne run at a loss. Tree1 eg market 1 firmer 'with higher prlcea mllnar notwithstanding the at- teftipt or the eaatern ,anaiej-a to nun the rraalitv. Receipts ate quite fair .' . . . a a i i . . ' i Thicken market la "rathe dull al ! thourh nrlcea were not shaded from the figures jthat-uled a week apft. How ever receipt-- during the weR were futlv up to the., requirements of the trade. ( freamerv butter market la steady to flam at an advance or lc the past wek. Supplies are IncreaslR" and there has been a disposition amnna some makers to cut their price a fraction In order to keeo- the ehannl of trade clear. Cheese market is holdlnr ateady al- trrtugh prices are flown a rrnctlon. Al though supplies; are, somewhat more lib eral, the extra demand la taklpg care of holdings oulte well. BEST HOrS ARE SfOVrtG. t ForefiTiipra Are Buying Afl lRV Will Bell at .These Prices Just: Kow There was a fair showing .of xuslnest I. 4LL 1. h .1. . I V. foMlgn account ajirt In most Instances tha lots purchased were or beat quality. Europe Is after eiir best hops and is willing to take all that remains beeauso of' the very low figures ruling. The hop market In general la quiet, howevert but the short sellers are mak ing eery effort to ' boost prices at tha moment In order to force the rrow- ers to cultivate their yards. These same dealers who are telling the grow ers to nut their yards In shape beennse t of , the prospect for higher prices and ! a greater demand, are themselves sell- j Ing- all the hops they can possibly find j a tlace for at 8 and 9c a pound f. o. h. Portland. Of course they are not tell- 1 Ing the growers this but they are mak- i Ing these offers direct to the buyers. ! Hops are very backward In growing j this season: Uie unusually cold weather , fof this period hqldlng the vines In i check. The yards do not present the name good appearance of several weeks : ago and unleBa the weather changes ; tha prospective yield will be conslder- aby Increased. , MOHAIR AM) WOOL DOWN. Top for Valley Wool Is Only 12c and f. Most of It Brings Only 10c. Both mohair" and wool prices are lower owing to the smaller demand WMln one nool was recent lv sold at UUc for mohair, this value is believed' t fce V4c above, the market and local U buyers are not offering over that flg- Wool Is down to 10 and -12b a ponnd fo valley stock with the trade not anx ious to buy even at these figures. There Is .much complaint from buyera re garding; the use of sisal twine in tyine. wool, and hereafter they say they will not purchase slsal-tled wool at any price. It is claimed that the sisal is very , hard 'to remove frsra tha wool. r , FRONT STREET REVIEWS, , I Brief Mention -' of Many Lines of iii Trade for the Past Week. A decline of 14c In sisal and Ue Manila rope was shown this week. ic In Receipts of local strawberries were shut off the latter part of the week owing to the rains. Price lower the first of the1 week owing to larger sup plies. California berries not as good as local fruit and will probably disappear from the market within a short time. Heveral nsrs of Bermuda onions ar- 7,rited ,durln; the week and found a good 71nlnand because of flna nunlltv. r.ower prices, however. Because of tha poor quality California red onions are, dull with prices considerably lower. Bet ter' quality promised next weak, .gome expected from Walla "Walla abort. - Asparagus market Is tn fins shape because of the small offerings by lo cal growers. . Supplies were. held back by vool weather. Only a? small amount coming from Walla Walla or the south. Hereafter Front street commiaslon housea will (Close their doors at 3 'clock Saturday afternoon. ' 7 Rhubarb' Is in. so liberal supply that stales have been made during tha' past few days as low as 1 He for good tfcir .-,.iv U .t j ,vl- j.-vv- - h, iv v - Jmaad ron potatoes from Arlxona price, up iff and 16c, par Jlundfe pounaa (luring ."theweek.' Thla. U Jselleved t ba tha top..,' v - , f: ij ... ( ..y v ; : y Tlouf t Birie't "la miletl 1ocallV':wlth prl maintained. At adVanoa ot-Wa per - earre la mu u export ' graaea !' Miystnff ;ta , firmer," jrlthj.anorta, "ad Tnod '0a a -..ton. .'; . .,w" .: -V tohtfctreeti Ba'liaA't-,'tlie followloif fpr1ceai;;,'Thetai'!d,liJppt ar Uas, regular 'paran)laalQnv. M, "'WHEAT'-Pdartl l f Tf ade crub, S'cj- Woaatem.Sloi: f a(i SBjicf Wlllam- eii vfiiey,c ouaneir . vy' V - - ti atralehtdi , 13.86: eiporraj 13. 60S S.7:;'Vaiere'$4.4 :. grttianf. ? M45; MlUfcSTVFF6 HSoard' ofv traHfc-, ran., $26;.' mttidnnira- . ffOV. 'shortaJ i.uo p.wr, vutftri r.uv :ncr." Kvit 'WiHamtte"BUey.fancjr UiV. 0rdrh ary; tl i.69 II ; eastern Oregon. -1 1 n Hit BiKatl, Wiatej . clow. SieHi BAHlV fS'oard ef ! trader Feed. 1344(0,; Tolledi iJT!8 brewing. I2r - 'OATS-Board of Trade-Nov 1 WSiltp; If i nvaii; ;grgyr ..aa;r jnqr.fon. . ,, : CHITTlk BABit-mltml- ' .' BnttarJ'Xggs anaV PeWtrr.. ' GUTTER !faT bellrerr 1. 0. "b. Port- lahd; sweet reacri,' -2He; aour 2QUC Jb. BUTTER f-r Extra.; dreamery. Ur, : EGGS-Extra fgncy,i andle4,. i9cS - CHEESB-rFutl cream: f hits. 14 & U Me, half eklra medr ISO' Jb : Young Americas. isP'f per i ; -vanrornia. xoung Am ericas; IBs: flats. le lb. V ' " POULTRY Atlxeii . ehlckeaa. ' vlJrt 144c lb; isuUyt hens, U 15e;f ODlters, old, ''10';per vlb; fryers, 2026o lb; broilers 20Mo' lb: gaeso, old, 3ehlb; 1920e lbt equaba, 92.60 doien; pigeons. tUSt dozen dressed poultry, llo .B0M.1 Wavl iti TXlflns. HOPS 1897 crop,' first prime, SUc prime, 4Me; meditim 10 prime. 4e; m- oium. 4C id: ibub rroo. Uiiiur lb eontractaXl0.- gSHo lb. vywMU-i-ius Willamette valley, 10 MOT ATT? H.lS-lMnmln.l tl . HllJE87try.aifres, 12M13c lb; freen 4Dfic:. CaJvea. arreen. h&lc: klus 6c lb bullsV irreen: saltf 1U AiUn lb - SHE3PSKIN w'Shearlng. JOlSe faonyeiton'srotiLisfceTyi. rjjec ! Wool, 60off ,ach; -long wool. 76c iUt (ten. . f--ir - ' ALMiff'rteJi fmi iw. 3i?. ijS. a fittq grfS,-ZfjlK. v . ' Traits acd Tegttlaa- , POTATOES SalecL.rtc. selllna: buy ti ' U'JIl.MAft. ... 1 ..... r, t ct. T... ., r Multnomah. kiud Clackamas, KOfflBftc'ner cwr; sweets, J&4c; new potatoes, "OrJlOKB-BerAiudaJ4 12,60 rper la b erate; 6-crata luf,' 12.25- per'Trat",-val trornla red. 12.75 per cwt: rarllc. 2ip lb. . APPLES Seleot, $3; fancy, tt.269 2.50. choice. 12.00: orrllnsrv II. B0. FRESH FRUITS Oranges 13.000 j.dv; Dananas, vc per id: craiea, i.c; lemons, 133.TS box; vrapefruit, t2.SbS 3.50; plneappLps, I4.6Q a 5.60 dos; straw berries, California, 11.6001. 65 per 16- vGuisTAbiitB Turnips, new Oregon, uwc ouncn: oeets, i.uu saca parsnips.. S6cQill: cabbage. 11.762 tomatoes, Florida, $4.004.50; Mexican. z.(O02.i; beans, uttfizc; cauliflower. uregon, t ) jer dox: peas, Oregon, 7 4i 8c; California. 66ci horseradish, tm 10c !b; artichokes'. 50ti75c doa: irreeu nnlAHM 1 Vkn if9 r u KaII ) Art - "hlle, l'Bc lb"; hothouse lettuce, 76c$1.26' oox; neao lettuce. Zftiauc aoa; cueum bers, hutUouse, local, $ l fft 1 . 50 dx; rnd' lshes, 15e ilox. bancnea; rhubarb, Ore gon, 214; celery, ( ); cranberries eastern. J9 10.56:- ebrouts. So -lb: as paragus, Oregon, 70ra75c dox bunches; Walla Walla lift 1. 25 box: spinach. 80 rsto oox; gooseberries, l&c; egrr plant. Orooaiics. Ha. XTta. SUQAR nalifornlal A HlnlUn It. finery Cube. J6.K0; powdered. 1166: berry, $6.45; dry granulated. 16.46: XXX granulated, $6. So, conf. A., $6.45; extra a., ., goiaen u.,' o.au; u., jretiow, $6.75; beet granulated. $6.26: bar rels, 16c; naM barrels. 30c; boxes, bto kuyuuca uo sc.s . '( (Above prices are 30 daya net earn quotations.) COFFEE Paokage brandail6.60. Air Lduu naif aroaiia. 130a. IH.00 per ton; 60s, $11.60; table, dairy 60s, 1.W; 100s, $1.00; bales. $2.36; n:iuria juiTsrpwoi, bus, iw.tf: w's. ttx.vwi s.vv, e&irs xiae nBrrvfa, iSj s and lus. $4.t0tt.6tf: Uvsruool lums rock, $20.60 per tan. I 1 luau car ota i;ar iota ai special pnoss uoject to rlurtuatlons.) .. , FUCK ImcHrlsl Jsiian. No. 1. Im Ki. X Mi 050 New pj-leana. head, tfco; illSAMS Small WllltB, $4.75; large Liimas, o.so; Mexican reds, -t feanuis. jumoo, ic par lb; Co par lb; roasti 4a uwml f eittc: roasttxl. tUi per lb; walnuts, CalTforula, lo oar1 is; ine nuts, loo per id; nicaory nuts, Oo per lb: brasil nuts. 16o per lb: fil berts, 16c per lb; fancy pecans. ltf3vt tr lb; slmouae. iso. Maaia. flu saa ProTlsUwsw DKi-iSrfli.Li aiEAiTB rroo I ktrett Hoga, tancv, kc lb; ordinary, 7 43 He; large, 6uv6c; veal, extra, 7Htc per II.- ... .. .... r I, '1 . . t0 r IK' hAO.'V 6Vi7c per lb; mutton, fancy, liiio per lb; spring lamb, with pelts. Itlu; without Dolts. 11&X14C. r hams, bAOON, nic Portian.1 pack (local; bams, lu 10 u ids ioc per id.; 14 lo 16 IDs., 14 toe per lb.; 1$ to .0 lbs., 14Vkc; breakfast bacon. 144j'3.o per lb; picnics, 10c per lb; cottag roll. Ho ID; regular nurv viuri uu.sa. li feu uer lb: unsinukcd. lUHc per lbi, clear backs,' unSmoxtxl. lOftc; auioked. lliio, union butts, tu to ju id, unsmuaau, 12o per lb; smoked, 13c per :b; clear bellies; -unsmoked, 13c per lb; smoked. 14c per id; Boouiuers, n ur le; pleklea touguca, oo ssch. LOCAU LAitl Kettle leaf, 10a. 12o per lb; 6s, 13T.C Jr lb; 60-ib tins, 130 per lb; steam rendered, 10a, lllto pur lb; 6s. llu per lb; conipouuu. lua, c per lb. Ibtl noes coo, it c iu; tiounaers. 4c lb; ballDut, b6c per lb; striped bass, lu per tot cm run. lie ir lb. sal. mon, chlnook. c 10; Diueoacks, c lb; iteelneao, c id; nerringa, oo id; soiea, o , per lb; surimpB, lo per lb: pefen, Co p.r lb. lumcud, lie per iu, lobs'.ers. Zo pet lu.; iresa mackerel, sc per lb, era us a, i toe per uoxn; siur itan. 12 "c per lb: bmck buss. 30c out lb; silver smelt, CO 7c per lb; sturgeon. 13c lo; DiacK coo. io ic; craus, 11.00421.60 doz; shad. 2C: roe shad. tic; shad roe, 12c lb. UlblGKA uiiiMUwaier nay, per gal lon. $3.6o; per lOU-lb sack. .00; Olym pla, par gallon, $2.40; par 400-lb sack, $6.o6tf4.iu; Kagla, canneo, 0o can; $J dosen; sastero in afteli. $1.76 per buo dred. . CLAMS HSTdanelL par pox. I14: rasor clams. $1.04 per Boas lac pcr-dos. mints, Ooal OU. Cta. ROPE Pure manlla, 12c; standard. 11c; siaal, Wc; 1. B. sisal, .c, Iron Bbla. Case ka Wood Bbla, Water White . 10 Ho i4to marl UU Head- Light .. IX too Eocene bi eclal W. W.. 14 4 Elaine . Extra Star ... ..... 18 6 l Ho Ii e sets 18 18 11 Qasollne Iron Bbla Cases. lltoe "toe 2WC 7Vk 14 a V. M. and P. Naphtha ...12 too Red-Crown Gasoline. . .j. too Motor tiasoline ......... 16 too ' 84 per cent Osaollne .. .14 e No. 1 Engine Distillate.. o BENZINE 88 des- cases. II Uo Per gal; Iron bbls.lttoc per gat TURPENTINE In cases, 7 la per gal; wood bbla, 63c per tat UNSHED OIL Haw; bbla 48c; cases CSc; boiled, bbls 61c; cases 67c gal; lota of 3e0 gallons lo less, - WHITE LEAD Ton tola, 74o Mr Ik; 404-lb'leta. 6c per lb Ims lots, $to - 1MRE t4Ail Preseat basts at $344. whole. whaat 4.4; ry toa, tb.eUi I . i I - Tl C03IEON;0 ' r--vt. -f - . v - ' ' . i 'iii ' . ' . . . . WT.y :-V!;--i(-- ' - V BRING IN YOUR COMPETITORS, TOO. RULES GOVERNING ON PORTLAND 't, ..- Tha" following rules 'governing "the buying. and, seeing f grain on the'Port land board of trade were adopted by tW 'grain committee, approved "by" the board p.f, dlrjiclors Iay 7, and confirmed by te gralh interests of the board of trade May 15, 1908:' Rule2. section .1 Grain standards es tablished by the Portland Chamber 'of Commerce drain Standard ' Committee shall govern all transactions. Rule J. section 1 The committee on grain maj' with the approval of the board of directors, provide for an In spector and such assistants as may be nei'esaarv. In the meantime the inspect or of tho Portland Chamber of Commerce alia 11 ba the official- inspector ana weigher of the grain department of the board of trade. The grain committee shall have supervision over the chief tnepeotor and the subordinate inspect ors, regulate their salaries, appoint and discharge, and issue such Instructions as may be deemed proper. Rule 5, section l. tne inspection iees shall bo fixed from time to time by the committee on grain; they shall be col lected by the secretary of the board of trade In such manner an the committee may designate. The fpe fixed . under those rtlles shall he two (2) dollars per car for lnapection and one (1 dollar per car 'for checking weights. Any country shipper can demand official in spection, by the chief Inspector of the exchange at his own (ahipper) expense. In such cases notice must be given to hj ivinalirnM at the time of shipment and expense of Inspection Is to be -settled by the receiver for account of tne shipper. Rule 8. section 1 The duty of the chief Inspector shall be to supervise the .,! w.i.hinr nf o-m I n whon requested, and he shall furnish eertlfl-1 cafes of Inspection when desired. He shall keep or cause to be kept In a book provided for that purpose, an ac curate record of the kind of , grain re ceived and delivered. m . Rule 7, section 1 Certificates of In spectlon shall be issued according to a-rsita. When reauested. Inspectors shall not issue certificates for grain "on ship board" unless the quantity called for by-.tha certificate is. complete ana nas beea delivered under the supervision of the Inspector and refcordedl All eertlfl- the inspector ana recoraea ah certui iti shall he slaned by .the chief in spector and countersigned ,by the secre rv nf thl hoard of trade. - who has authority' to overrule the grading of the other inspectors subject to' an appeal to the grain committee. V "Rule' "S. section 1A11 omplaint In regard to the grading or classification of grain snail oe reierrea 10 iiih vuicf in spector, or during his absence to the assistant chief and a re-lnspection called for whether tne original inspec tion be sustained or reversed, an appeal can be made to the grain committee. The decision of the grain committee shall be final. Rule 0. section 1 If required by , the purchasers all tenders of grain "on Mp-ooard must oe Hci-umpann-u uj an official certificate or inspection ui the exchange. The cost or inspection to'be'T-a.l'l by the seller. Re-inspect!' , when. "demanded, shall be at the cost if tha party requiring the same, providing th: nrisnnai inspection is iouna correct otherwise the party in error shall pay the expense. Rule 10 In case of sales made f. o. b- vessel or cars loading within a given period, should buyer ran to tenner nis tonnage wunin ine supuiaiea iimn, n. hall devolve upon the seller to make proper tender of the grain in ware house on the last cay or nenvery. it shall he further Incumbent upon tho buyer .to pay seller for the grain within banking hours on that day. Rule 12 Grain must be delivered In sound sacks and In good condition (un less otherwise specified at the time of the sale). Delivery of araln slightly Inferior in quality to selling sample shall not war rant a rejection. ine gram tenoereu must be accepted and proper allowance made for difference In value due to the light difference in quality. Delivery f Brain more than slightly Inferior to the selling sample shall warrant the buver in rejecting the tender. ir parties to a sale cannot agree as to the proper allowance to be made for" the difference in value due to a slight inferlorltv In the tender, or If thev are at variance as to whether the difference between the selling sample and the tender- is sufficient to warrant rejection, they shall submit the question to the committee on grain. That committee shall have power to find that the differ ence In quality was sufficient to war rant a reieetlon f the tender: or that the difference waa not sufficient to war rant rejection, and that the grain must be accepted by the buyer at a certain specined allowance, iixefl py tne com mittee. Tn event of the committed find ing the difference in ouailtv was large nough to warrant a relectloa, It shall be In -its power to find that the sale shall be filled by replacement of grain of proper quality- or that the seller shall become liable to the buyer for damage In an amount represented by the difference between the price of sale and the price prevailing at the time of the tender. Any damage so determined shall become due and payable Imme diately. . On a delivery of grain trie tender of a higher grade of the same kind than that contracted for shall be deemed sufficient. At isny time a car Js delivered the seller may at his notion have one o' more representatives to sample and weigh the grain while the car Is be ing discharged. . On-dclirerter or grain and grain prod nets where definite quantities are not mentioned the word "about'' - shall be eonstmed tt mean A variation of five r cent on lots of 100 tons or less, and EN'f LEHEJT GRAIN SALES BOARD OF TRADE . i ..... two per cent on quantities lb excefis xjf 100 tons. " Terms of psilTe'ry. ; ' Rule 13 In grain sold' to arrive seller has the right to make delivery (within specified . time,) by separate tenders, each tender to be treated, pdjuated and settled- separately. On, sales of grain "to arrive" Where nothing Is mentioned, a to time of de livery, it shall mean that the grain Is to arrive or be ready for delivery with ing 30 days from date of sale. Where grain la sold for "prompt ship ment" it shall mean that the shipping receipt or bill of lading must be signed within 16 days, and the date of said document, in absenre of proof to con trary, shall be considered proof of ahlp ment. Where goods are sold on track for future delivery, 90 per cent must be paid on demand upon shipper's weights. The balance to be settled for when weighed. Unless otherwise specified and agreed upevi at the time of making the trans action, all sales of grain and grain products made between members of tl)e exchange, shall be understood to be for cash on delivery. Rule 14 All notices under theeie rules must be serveiHn writing at the place of business of the. member. In case of his having no regular know.n place of business, a written notice left with the secretary of the exchange shall be deemed sufficient. "Every member of the exchange must notify the secre tary of any change of his business address. When any member shall order sates or Purchases through the secretary for "account of whom It may concern," they shall give their order In writing to tne secretary and state therein who . the Interested partv is. a 1 give official number of nd if possible f contract or contracts i in i question, and the party so interested shall be not! fed of such pur- chase or sale by the secretary. Whenever a written complaint shall be filed with the secretary of this ex change . by any member of the grain department, deeming himself aggrieved, charging that any other member of the department has failed to comply promptly with any contract, either oral Or written, wlileh he has entered into In the 'connection with, or by virtue of. his membershit) In this exchange: or that he has neglected or refused to com ply promptly ,wlth any award of the poara or arbitration committee, rendered In substantial conformity to tho riiUs and regulations; or that he has refused or neglected 'to submit to arbitration any matter or difference arising in any transection- Into which he has entered in connection with, or by virtue of, his membership in this exchange, It shall be the duty of the grain com mittee to consider said complaint at any regular, adjourned or special meet ing ot said committee. The person making the complaint and the accused shall be given at least six days', notice In writing prior to the meeting, to attend the am-. if the charges made in said complaint shall be sustained by an affirmative vote of not less than three members of the grain committee, the member so found to be in fault shall, by virtue of such vote, stand suspended from all privi leges of membership In the grain de partment until the matter complained of shall have been satisfactorily settled In the Judgment of the grain committee. Should, however, the gravity of the offense be deemed such as to merit ex pulsion from the exchange, the grain committee shall report the facta of tho case to the board of directors of the exchange. The member In fault may be expelled by vole of two-thirds of the directors considering this com plaint, provided, however, that no mem ber shall be expelled exrept by the vote of at least seven directors. Rule 15 The commlltee on grain shall constitute a quotation committee, whose duty it shall be to establish dally quotations to be placed on the blackboards of the exchange; such quo tations to become the official market prices of the board of each day. Rule 16 Members only shall be allowed to transact business on the floor of the exchange. LO. R. & X. PLAXS DEMOXSTKATIOX FARM 4 Pendleton, Or.. May 16. Ac- 4 4 cording to reports of officials 4 4 the Oregon Railroad A Naviga- 4 4- tlon company will likely estab- 4 4 lish a demonstration farm of 4 4 320 acres to work out the prac- 4 4- tlcal ideas offered the public in 4 4, the series of lectures In Wash- 4 4 ington and Oregon. Enthused by 4 4 the splendid success of the third 4 4 demonstration train, the com- 4 4 pany expects to carry on the 4 4 good work. 4 4 4 GRAIN IN SAN FRANCISCO. San Francisco. May 16. Merchants Exchange prices: Wheat May, $1.66 to; December, $1.67. Barley May, $1.48; December, $1.33. Cash Wheat White Walla Walla. $1,70; red Russian. $1.67 to I, turkey red, $1.76; bluestem, $1.73. Cash barley No. 1 bright, $160; brewing. $1.60. Cash oats No. 1 white, $1.33. Millstuffs Bran. $J1.50; midUllB8$, $34; aborts, 131.60- per ton. WEATHER HITS ' HI PRICES tfine Growing Weather and Poor Cables Add to Pres sure in Chicago. e44444444 4 BLUESTEM WHEAT SCARCE. 4 .There Is a great scarcity of 4 bluestem wheat in the Portland 4 market and In, consequence a 4 4 premium of 4c a bushel was of- 4 4 , fered for a supply of 200 tona 4) on the board of trade yesterday. 4 4 ' The regular quotatlens on the . 4 board of trade is 91c for blue- 4M 4 stem, but one miller Was so 4 4 anxious to secure a stock of No, 4 4 1 wheat that he offered 95c a 4 4 bushel for a round lot. His 4 4 offer was not accepted, for there 4 4 waa no wheat for sale even at 4 4 that high figure. Other grade 4 4 of local wheat are firm and 4 4) higher for the week following 4 4 the sharp advance abroad. , '4 4 - CHICAGO WllEAT VALUES. Open. Cllose. Mav IK. Loss. May 99 U 100 100i 4' July xa 8i 4 Sept 86 85 V ' (United Pre Leaied Wire.) Chicago," May 16. Good Weatber for growth of everything fr6m the groun-1, Started wheat lower again. There was no assistance in the cables to help prices and receipts at Minneapolis and Dulu'th were larger In proportion to those of last year than has recently been received. Liverpool futures were from Vid to d lower. Trade was of tne same local character as of late, and no great volume at that. There was nothing In the lato session on change, .the bearishness existing earli er. Only a small trade was done In corn. The Influence of the May corner was aetrlmental to speculative activity. Prices the first hour of the session were very little changed from what prevailed at tne end or yesterdays session. Liverpool reported futures Id lower. Sample market offerings were ausorned at previous davs prices. May at tne close was c higher, July made some gain and September was belter to the extent or He and fec. Business in oats was of insignifi cant extent, with feeling Inclined to tne near side but courage lacking to go up against the bull leader, except in a small way In the July and Septem ber deliveries. It was very dull in the provision market, although there was a falling off In the hog move ment for the day, the large number marketed during the week still was In mind. The tendency or prices was slightly downward but offerings at the deoilne were light. lash sales: Wheat No. 2 red. 99V4o$11i; No. 3 red. ft&SKc; No. 2 hard, 99c(rf $1.03; No. 3 hard. 90c$l.O3; No. 3 spring. $11.08. Corn No. 3. 7373Hc: No. 3 white. 73c; No. 3 yellow. .3973 toe. uats No. 3 white. tWb3c; ,o. 4 white, 600620. Range or prices: WHEAT. Open. High. Low. Close. 100 99 100 S9ii 88 Ts fi 86 ' 86 85 'i CORN. 6 65 i 66 6.1 H 63 62 OATS. 45 V4 45 1, 45 37 to 37 to 37W May 9V July Sept. 89 86 July .. 65 to . . 63 to .. 45 to ,. 37to Sept. July Sept, MESS PORK. ..1340 1342 1335 ..1365 1367 1360 July 1342 1365 Sept. Liverpool Wheat Market. Liverpool. Mav 16. Julv wheat closed at "a 6i, a net loss of d from Friday. Chicago Cash Barley. Chicago, May 16. Cash barley 63 76c. Taoonm Wheat Market. Tacoma, May 16. Wheat export: club 86c; bluestem 88c; red 84c. WEEKLYSTATEMEXT OF NEW YOiff BANKS New York, May 10. Weekly bank statement: Members dally average cash reserve, 30.06 per cent: reserve, increase. 8723.- 776; reserve less V. S., decrease, $1,143,- 1 lb; loans. Increase, $4,777,600; specie, Increase, $676,000, legal tender, increase. $1,621,700; deposits. Increase, $5,896,700; circulation, decrease, $131,400. Members' actual cash reserve, 29.88 percent;' reserve, decrease. $3,111,600: less U. 8., decrease, $4,508,375; loans, in crease, $10,965,200; specie. decrease, $274,000. Noi-members' loons. Increase, $8,805, 300; specie. Increase, $1,150,800; legal tender, decrease, $176,200. Total deposits, increase, $10,301,000; total deposits, eliminating other bunks -nd trust companies. In New York City, Increase, $1 20, 808, ("00; aggregate re serves on deposits. Increase. $1,600,700; percentage of legal reserve, 32.30 per cent. NEVADA MIXING STOCKS. Ban Frnnclsco. May 16. Noon clos ing prices: OOLDF1ELD DISTRICT. Sandstorm 26c, Red Too Ext. 12c, Co lumbia Ml. 17c, Jumbo Ext. 31c, Sliver Pick. 18c. Black Butte Ext. 2c, Atlanta 21c, Grfat Bend 33c. Florence $3.67 to. Diam. B. B. Cons. 17c. Comb. Fraction 54c, F. Mohawk 15c, Red Hill 21c, Lou Dillon 2c. Yellow Tiger 11c. Yellow Rose lc. Col. Mt. Ext. 2c, Goldf. Cons. $5.66. BULLFROO DISTRICT. LIge Harris lc. TONOPAH DISTRICT. Ton. Nevada $7.96. Ton. Montana $1.62to, MacNamara 26c, Ton, Belmont $1.07to. Ton- North Star 12c, Jim But ler 28c. . MANHATTAN DISTRICT. Little Jo 2c, Granny 60, Jumping Jack 4c. SCATTERED DISTRICTS. ' Nevada Hills $2.20, Pittsburg Silver Peak $ 1 2 7 to . Ea gles' , Nest 12c ; - BOSTON COPPER MARKET. (Furnished by Overbeck & Cooke Co.) uoston, miy 1 Tr1"""" prtces: Adventure . . 2 lOld Dom. 86to Alloues SO Atlantic 1 to Cop. Range . 73 shannon . .., Tamarack -. , Victoria ... si dodi, tjopper. 1 f W Inane, c Kiy 8 to 1 Wolverine ., .187 T Gold H UU S Hutte Coala... 25 to Greene 9 I Trinity . ,,.. 14 Aticnigan ... . nuea Mohawk . 68 Parrot- Nev. Cons. .. 13to!Nippisslna- .. 7 No.'Butte... 66 jMass. i,, .... 3 Cal. Hecla.170 (Osceola '...". 0 Bingham .... 60 (Qulncy ...... 84 Glroux 1 STOCK TWET SHOT UPWARD Advance Is a Harriman Af fair Entirely Advance to Save Big Ones; (Hearit News by Longest Leased Wire.) By Thomas C. Shotwell. New York, May 16. The stock market rushed on upward toda,y, nearer to the catastrophe of higher markets.- The promise in for a wildly excited market next week. A stubborn shoit interest refuses to cover and some of the great est financiers of the United States are plunging on the bull side In the hope of advancing stocks to a level at which they themselves -can liquidate without severe losses. It Is a Harriman market from begin ning to end, but great as the advance has been not a dollar of profit is shown yet for the aggressive party because they bought their stocks laat year far above the present levels and took such iaivere losses during the panic that it would be impossible for them to liquid ate at a profit. On the other hand the Morgan- party Is doing nothing except selling a few thousand shares now and then of the stock purchased at the bottom of the panic. No opposition Is being made to the Harriman campaign but the losses are being scrutinized with ex treme care for a disposition is grow ing on the part of those in charge of the market to spread out and accelerate Kubllo opinion by wild advances in the ope of being able to unload before the thing that Is inevitable thla sum mer comes to pass. Attempts or the bears to make cap- Ital uuv 01 uie expuri gmu ih ui no avail, because there is such an abun dance of the metal. The banks are In particularly good shape In regard to the gold because they have been enabled to transmute nearly $60,000,000 of bank notes Into gold because of the col lnpse of the local force in the bureau of redemption. The unreasonable ac tion of congress In deliberately leav ing the country at the mercy of the panic-makers by refusing to provide for a safe currency system is a danger point of the situation. If congress were anx ious to cause a wild panic and wide spread ruin It could not promote such a thing better than bv doing exactly what It is doing. Cotton advanced fur ther and wheat was fractionally lower. X)n the curb market the copper stocks were strong and active under Influence of the bid for Cumberland Ely and Nevada consolidated. Discounting the Future. (United I'reu Lriwd Wirt.) New York, May 16. In explaining the week's renewed advance on the stock exchange there Is little to add to what The Journal has said for a month or six weeks past. The market luis tieen discounting at rapid strides a sat isfactory ending of next month's Repub lican convention. It has been discount ing a favorable outcome of the crop season, and most of all It has been discounting the stimulus which Is felt which Is bound to give to general busi ness by these and other hright features now in view. There Is no need of emphasising what It means to the recovery In the Investment markets to have the choice for president upon a man of Judicial temperament with a record for conserv atism and fair dealing in the past. In the financial district there Is a widespread confidence which certainly did not exist at the outset of the year, that the nominee of the Chicago con vention will he a man of this type and that he will be elected next November. Return of good growing weather af ter the unseasonable cold a fortnight ago has been a welcome incident of the week. The facts as they now stand are that the winter wheat indications are for an exceptionally large yield, that the acreage sown to this and other crops Is unusually large, and that farm operations are further advanced than they are ordinarily at this time of the year., Stock market values: O a X v DESCRIPTION. Amal Cop. Sugar 68 1304 28 80 to 92 88 68H 131 28 to 52to 92 88 102 84 93U 159 67 to 130 2680 92 38 6 8 to 131 Colo. F. & I. . 28 61 92 to 38 Brooklyn . . . People's Gas . t. S. Steel, c. do pfd 102 102 Atchison I 83 to 83to 92 159 109 20 61to 121 117 18 87 134 145 00 1 93 tau. onio .. 93 to uan. racinc . Louis. & Nash, Erie Missouri Pao. Pennsylvania Reading ... . Rock Island . Southern Pac. St. Paul .... Union Pacific Am. Smelter N. Y. Central. . Nor. Pac Anaconda Southern Ry . . Great Nor. . . . Wabash, pfd. . Soo, o Smelter, pfd . . Ches. & Ohio .. R. I, pfd Am. Loco Cen. Leather . Norfolk Ontario Am. Woolens . Metropolitan .. Denver & Rg. . Soo, pfd 169 159 110 109to Ulto 61tol 62 tV74 51 121122 117to 118to 121 117 18 18T4 87 87to 134to 136to 18 87 135 146 77 106 137 146to'147to 77tol 77K 106V106to!106to 137V138to!137to 45 18to 24 45 4I 17 1 I Iiiito 24 24to USto 114to 13 113H115 99 45 39to 99to 44 88 99to 44 38 27 73V4 41 24 28 26to 26 26! 26 . .. .1134 Total sales. 689,900 shares. WILL HOLD TSTOCK SHOW. Elgin Men Plan a Market Sales Day for the Near Future. La, Grande, Or., May 15. Encouraged by the success of the stock show re cently held In La Grande on a market day, the business men and other clti xens of Elgin are preparing for asiml lar event in their town. Report? com ing to La Grande say that every prepa ration Is being made to Insure the suc cess of the show, and in addition to the horse show proper, an auction of both stock and other property will be held. Elgin recently raised several hun dred dollars to devote to publicity work, and has lost no time in making a be ginning. . SHEEP WEAK IN THE EAST. Receipts Xot Heavy but Killers Feel Rather Bearish Just Now. Chicago. May 14. Hogs. 10.000: cat tie. 300: sheen. 12,000; boas ODened steady at yesterday's close. Left over yesterday. i,tnu. allied. f5.l5tfs.43; heavy, $6.80 5.44; rough. $6.105'5.2J; light. $5.16 65.40. Cattle steady ami sheep weak. - Kansas City. May 16. Hogs. 11.000: cattle, 1,000; sheep, 1,000. . - Omaha. May 16. Hogs. -70.000; cat tle. 100; sheep, 1,600. Sea Gull Caught in Ohio. ' ' piqus. Correspondence Ohio 81m. ' Herman Kuth and' Harry-1 Kuhlnran captured a sea gull at Swift Rati lake here ttday. The bird was wounded an I could not fly and the soys caught Tt iii the- water by means .of a boat , It put up a tlff fight. - . -- The gull stands 18 Inches high and measures 84 laches -from tip to tip. Such birds -were never known .tor be Mils far Inland before. . . ,, ( S. & S. HAKE HEW ERA HERE Lack of Competition ' Has Kept Market Back Great Depression in Sheep. Hogs. Cattle. Sheep. 770 814 4,473 1,140 2,302 6,71t 248 779 2,06s 162 1,834 4,515 Past week 1907 1906 1905 By Hyman H. Cohen. Portland Union Stock Yards, May 14. Last Monday morning, bright and -early, the Chicago oackiria firm - of Schwarzschlld & Sulxburger began pack ing operations in Portland. On that day its buyer made its first purchase of livestock in the western country. - At me start or tne past week, the livestock industry of the Pacific northwest en tered upon a new era. Competition has been practically a thing unknown in the markets of the Pacific northwest up to this time and although the situation has not been materially changed as yet, tho : fact that the big independent packing -firm Schwarxschlld & Sulxburger Is here, will give hope: to .livestock Inter. ests that have been crying for a square deal when It came to marketing their proouct. While It will be some time before tha S, & S. people will be in a position- to do much slaughtering here, the fact that they have started killing operations win oe a neip towara maintaining a better market and more fair values to the producer. Sheep Glut Xs Complete. The history of the sheen market during the past week is a oulte fair sample of what has heretofore ' hap pened here. With arrivals of but 4,47 head here to surlv the entire Paclflo markets durtne- the week, killers have all the stock they need In fact their pens are already filled to overflowing and they caij buy no more. At ths close of thefweek the sheep market is demoralized, with supplies of poorly fed stock in great numbers, and the trade not wanting to nuy at anv price. What the market will open at on Monday morning Is a mystery, but everyone ex pects a sharp Recline in values and !t : ia generally the rule that what every one expects actually materializes. Even Cattle rind Ho Payor. The depression in the market over the arrivals of sheep is so heavy that even cattle are not finding any welcome at mis tune ana prices are- nareiy main tained. Arrivals for the week were but 814 head, compared with 1.078 head a week ago, 2,302 a year ago, 779 two years ago and 1.834 three years ago for this same period. Hogs Are nrm But Vo Higher. While but small arrivals were shown In the hog market during the past week, the tone was not any too firm and prices are barely maintained. This was due to the weakening tendency of the east ern market at thla time. Arrivals of hogs for the week totaled but 770 head, compared with 1.140 a year ago, $44 two years ago and 162 head for this same week in 1905. A year ago for this same week there was serious depression in the livestock market In fact the conditions of th past week were a duplicate of what ruled in 1907. All values were lower for this week in 1907. hogs, cattle and sheep Joining in the slaughter of prices. Offcisl yard values today: Hogs Best stuff. $6.26616.85; China fau. $6(96.26; feeders. $66.25. CSattle Fancy eastern Oregon steers, $5; medium. $4.600 4.75; best cows. $3.50 3.75; bulls. $2.503; stags, $34. Sheep (nominal values) Best weth ers, $4.604.76; soring lambs, weighing ,t pounds, 1&.6VW5.7&; ewes, $404.26; mixed. $4.264.60. Weekly Report of Wheat Crop The heavy showers which fell through out the Pacific northwest during tha last days of tha week were very benefi cial to the grain crops, but fruits wera held back somewhat by the downpour. According to the government flaruren Issued a few days ago there never was a time when prospects for the wheat crop in this section of the country were so good. The abandoned area of wheat in the state of Oregon reached but 1.8 during the winter, leaving an estimated ' area of 388,000 acreg to be harvested nere. . , - The largest abandoned area of wheat lands was in California this season, where J5 'per cent of the acreage waa unfit for the harvest. Of the western ' states Oregon has the best showing, for' in wasnington tne abandoned area amounts to 4 per cent, or almost twice that of this state. The goyernment report gives tha abandoned area of the various states, with the acreage to be harvested, asj lotiows: 7 Abandoned Remain Acres. Acres. Kansas 2.6 6,783,004 Indiana . 2.1 ' 2,711,004 ' Illinois 2 4 2,324.000 ' Nebraska 4.0 3.265.000 . Missouri . 2.0 2.226,000 " Ohio . 2 0 2,083,004 Pennsylvania 2.2 1,590.000 . California 35.0 987,000 Oklahoma 2.8 1,147,000 Texas 4,8 , 924.000 , Michigan 1.5 874,000 . Tennessee 2.9 , 814,000 ', Kentucky 2.5 758.000 Maryland 1.0 766.004 Virginia 2.5 651.000 North Carolina ....... 2.5 668.000 Washington 4.0 449,0011 New York 2.S 448.004 Oregon 2.5 888,000 West Virginia v 1.1 381,000 All other .. 3.4 1.424,000 United States , . 4.2 2,7Sl,(r00 Condition May 1. 10-Year 1908. . . .84 Kansas Indiana Illinois Nebraska . .. Missouri . .. . Ohio Pennsylvania California -j. ........40 Oklahoma . ....91 , Texas Michigan . ........ . Tennessee . ....... Kentucky , ........ M Maryland . Virarlnia . ..........95 North Carolina.. .41 Washington . ...... 97 New York ........84 . Oregon ....... . . .91 " '.'. West "Virginia ..4 1 f Aw others . . . . . 90 , ; 81,1 15.1 - To Turn England From Tea, From th-Springfield Republican ' The state of 8v I'avilo. In Rrifii. troubled by an overproduction of efT, -has had a company organized tn ... duct a propaganda j on behalf 'df rnir.. ' drinking in Europe. . 'it','WlH- he dlr-vted arstnat especially, which Is given to t rtu,-' than eoAVe. In lindon the eoffi h.n,-. which so flourished in the (ghtr.r. century have become tea hmtu-o. ,1' 11 is prooably not an 4rrtwlrii t t ii turn them back to coflte again. 1907. Av. 81 - 8T ' 74 . ,- 78 88 ' 88 91 . 48 84 88 ' 77 f::-'-:- 84 ; 91 S " j.n jji.. st ... 73 t 41 77 7$ . 74 : i . 84 - 88 It '' 41 : .--"to-! tZ 89 : 87 : tl. ' ;' 94 V ft - 76 17 ' ' 84 l 84.. W 40 i.