The Oregon daily journal. (Portland, Or.) 1902-1972, July 12, 1908, Image 38

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The Oregon daily journal., July 12, 1908, Page 38, Image 38

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Newspaper Page Text'.J : 6 : THE OREGON SUNDAY ' JOURNAL, PORTLAND. SUNDAY MORNING, JULY 12. 1008. WEEKLY REVIEW OF FINANCIALS'- OOINQ s AHOTHER BOOST BIOVESCHEESE Flats Will fio to He Straight JTomlay Morning Sup plies (letting Short. ! Ilyman H. Cohen. On Moruiuy iiiorulii tl - looal cheese jnnrket will advance fm:ily to ic a nounri for flats. Willie this advsnco lias r-oen expect-. ed. It was not CHHHO.l l y l;-oiu con . tlons. an.i l-.en.-e ll 1 '!' scarcol .h.rt unvl miiK i" w or i ne of" ; S. 8 S. ME ABOUT 10 BUILD Preparing1 Plans for New Packing1 House and Kids Will Be railed For. TREES CANNOT HOLD CHERRIES THE CROP IS SO VERY HEAVY Because mako of o!.e so -rtiiumook this sen bun the unco tf i- "hid the ..pinion that ffU-es would l.e . .corenondluKly low. In securln,; this estimate tl.oy did not fljfur- tho i "id H c.mpled with the supply, for It take, both of these to make marke .prices and one without the other would 'fitocka of"cliese In storage here were .;: never ao light for this time of year an ' , Itist now. The reason was tha belief or i the big buyers that the market would go 'to a l'wer point, and they held off the r purchases for ao long a period that It ' -la now impossible for thorn to greatl) increase their holdlnga without paying too high a price. While the receipts of cheese at Port land during the past week were small. they were Increased over those of a week ago, but still a fraction more than J half of what they were for the week ending June 27. Too late the trad here realized that ' 'cheese was advnn. ing at a rapid rate. ' -for by the time they discovered the de- .-- tnand. the price had advanced to a con- .aiderable extent. Kv.-n at the advanced ' values there was little cheese offering .at Tillamook, for practically the entlid - June make had been purchased by Cal ifornia and Washington parties alone. . The present season has been the most '.erratic In years and the course of the '.market has been quite mystifying to the ' ' - trade. When the reason should have been at Its height, the production of cheese was around the smallest total of .! aensnn The season was about ii " 'month later than usual because of cll- matio conditions, and this threw the flush of the season well over Into the latter part of June and the fore part of juiy. Heary Volume of Butter. '" Those who are disposed to try to boost the price of creamery butter had better take a look at the output before Indulging In ome of the mistakes of formai- fears which not only cost the "creamery men some money, but also 1" soma patronage by forcing the public Into the storage product. For the week ending yesterday the arirvals of cream at Portland njrpre rated 43.165 gallons, compared with 36.- k 691 gallons a week ago and 49.P02 gal lone two weeks ago. While showing an Increase ;over last week's run, cream .euppllea are still a trifle under those ' of twos weeks ago. The season Is just . f. passing its flush nd the market haa i more.l?resh butter than the makars know Just what to do with except, per "haps.to put Into storage. However 26o 'butter Is not considered the best sort " ' -.of storage Investment. The country creameries are making more butter at i "this time than ever before the present " 'season, and It would be foolhardy for " .anyone tq attempt to boost prices un der these, conditions. For the week the Portland totaled 1,001 boxes compared .with '467 boxes a week ago and 665 .boxes two weeks ago. More Egg's and Higher Prices. While Front street merchants can 'Bcarcely believe that more cases of " 'eggs arrived at Portland during the ipast week than during the previous two weeks. It is nevertheless a fr.ct for the 'official statistics of the Portland board ...i 'of trade show that 1.239 cases of epgi i arrived during the past week compared .with 891 a week ago and 1,215 cases two weeks ago. While more eggs arrived here during -the week, the demand was much ln- . creased, and arrivals were scarcely ip to the call. This forced prices up sud- denlv, and a gin of nearly 4e is shown .for the oast six days. One of the features of the egg market the past week was the arrival In bad condition of so many cases of esgs. . iConntry shippers seem to have bren speculating upon the situation bv hold .lng their eggs for an advance. The re sult was that, when the eirirs finally arrived In market, many of them were .rejected, and therefore the aggregate price secured by the shippers was not as great as If they had sent the stocks .to a lower market. POHTUND LIVK8TOCK llt'N. Ho; c-attl fhecp 3 6 il 47 4 f' S 1 i 1 Last week . . . Previous week 1 y7 19..6 1SU5 t' H.I 7lii) 1,096 1.274 s 1 6 WHEAT HOLDING WELL. While Bayers Reduce Hidi Market ... la Still in Quite (Jood Shape. While fractionally lower prices are offered for wheat futures on the Port land board of trade for the past week, 'the market Is by no means a weak one. At the start of the trading on July 1 it was believed that much more damage liatl Deen none the crop than Is now ex--peoted.and for this season buyers are tak ing down their bids. likewise sellers. A small amount of nw crop wheat Jias been sold at Interior points during the past week on a basis of SI'S 82c for club Portland. There are signs of a slight revival of Oriental flour trade, although onlv e. small amount of business Is reported for July-September loading. Hay market Is quoted firmer for old crop becaUEo of scant supplies, and the talk of a small new crop. Pome new timothy and clover la offertnir h-,t buyers do not want to take hold until the hay has aged 1.HK3 1 . 5 h 7 !,108 1.403 ! 2, 83 5 j By Jlyman H Col.cn On quite good authority I am told that SchwartKschild At Su Uburgor will within a very short time have "11 plans pre pared and contractors) will be given an opportunity to bid upon the work of constructing one. uf the most modern packing establishments on the Pacific coast. Just whether this plant will be lo cated on the peninsula or not the man agement refuses to eay In fact. It has nothing to say regarding the matter at this time not until the pluns are com pleted. However, the management states that the peninsula Is being fig ured upon as an appropriate place for the packing plant and this Is very likely where It will be located. Other news of Importance that Is go ing the rounds of livestock circles la the report that Armour & Co. has been allotted a tract of land adjoining Swift & CO. on the peninsula and the diisv ones are now predicting that this surely means the coming of this big firm. Packing Business Is Growing'. The packing business of the Portland killers is growing at a very rapid pace They are now Invading every part of the Pacific northwest with their ments. . Since S. & K. secured active control of tha old Zimmerman plant the business has doubled several times and is still ' growing. Since tJie firm of twin In itials engaged the services of a govern- i inent Inspector a large amount of terrl- j tory ha been added to the firm's busl- ness. Hranches have neen opened else where and several more aro con t em- l plated. Hushing work is shown on the site of Slft & Co.'s plant on the renlnsula and the task of constructing tha huge I buildings will be started at once. Hog Market Is Firmer. While onlv a minor price advance was shown , In the hog market during th("past week the indications are for a still greater rise. Receipts of hogs aro decreasing in the local yards, while de mand continues to show up quite well. This week's arrivals of hogs were the smallest for a like period during the past three years. While me catxie mantel is not iirin. It is not weak. Still the price of steers shows a slight decline, ror tne past six- days of trading. The trouble d"es not seem to be with the demand. It's thi quality or lack of It that causes lower prices, (rood Btuff Is wanted and pack ers, say they are quite willing to pay a premium for it, for it means money in their pockets. Best wethers took another slide down (he price hill the past week, although KUppliejs were but fractionally In.rciscd ever those of" the previous six days. The sheep market in general was steady, with values outside of wethers un changed. Wool and Hides Firm. Several slight advances were shown In the hide market during the past 10 days, and even at the advanced value3 the market seems in a better position than It was at the lower range. Wool Is steady to firm, although only nomi nal transactions were reported at for mer prices during the week. Thero was nothing reported in mohair. A year ago for the past we.-k live stock values Just about held tht-lr own, no changes being shown In prices. Official vard prices: Hogs Host stuff, f, 25 -T? block ers and China fats, I S.SOjf 6.00; stock ers and feeders ( ). Cattle Kest eastern Oregon steers, $3.70 (ij-4.00; medium steers. $3.25 3.50: prime fat cows, $2. 7 5 Q .1,0" : medium cows $2.25 tg 2. GO; bulls and stags, $2.00 iff 2.60. Sheep Tlest wethers. (3 P; spring lambs, $1 .1044.76; straight ewes. $3.00 (13 50; mixed lots, $3.25 i Z. 50. DC r '"wrwm- v- i7 Cat K? '- I if' M tr m : f i v x t ' s '"fait '4k ( fc'l TRADE AFRAID Of COilTIOIIS ' Weather Uncertain and Chi- cngo Wheat Market Re sponds to Covering. CHICAOO WHEAT MARKET. Onen. Close. July 10. Gain. July 89 8tt Sept. 90 0 H9H I'eo. 1U IM II A H May & 66 94HA wmwm o t-- Ait mm ! tf t.". 'iW' - .s 1 N V t v "VI- , for,. A 1 V' V 'VP s . ' F K i HblRs. I i j ft :, 4 Bome Oregon Cherries. While the first cherries received in the market were of poor quality. a.n im provement Is shown among late arriv als. The eherrv trees everywhere are full of fruit, and the sizes are quite able to compare with the fruit a year ago. The cherries shown In the above picture were from the orchard of It. Schneite.r, northwest of Woodlawn, Just outside the city limits. Two small limbs weighed five pounds each, and were so heavy that they broke from the tree. HOT WEATHER HAS NOT HURT WHEAT CROP OF NORTHWEST (United Ptm Leuad Wire.) Chicago. Julv 11. In the wheat mar ket at the opening there was from hi to o advance, which was solely the result of continuation of dry hot weath er 'in the shipping districts of the wheat country. Futures at IJverpool were from Hd to Hd higher. Berlin was a half cent lower and Budapest un changed. Follow nr the initial advance tnere was much realising of long wheat as a precaution against weather possiDin tles between todav and Monday. Belling of that kind clipped Ttc off the highest price reached around ins opening. Waathur for Btimulatlna it row til Of backward certain crop could not be bet ter and could not have been more ut terly disregarded as a market tnxiu ence on Drlce. The scarcltv of old corn and tha anx lety of consumers to get some of lit without regard to price, caused m firmness. Trade was extremely nervous, with a strong upward tendency. Sen tember corn at the ODenlna- price sou as high as 74'ic, the closing figures . . , . .. 1. I - 1 ,.3lft T Id. erpool futures were 'id higner and Ar Eentlne corn on the spot w a up. Weather so extremely not couiu no. be otherwise than bad for ripening oats, was the evident conclusion of lo cal traders and the material advance Immediately nt the opening attested the bullish significance ascribed to the heat. The close was strong with a good demand at lVc to lHo hightr than yesterday. Hlahcr holdings and advancing grains pave provisions moaerate aavances ear ly and the market maintained a firm front most of the morning. Prices are considerably higher for the week. ( ash nrices: Winter wheat No 2 red. 90a,91c; No. 3 red. 8!rn90c; No. S hard, 94cji.iu; No. 1 northern 11.16: No. 3 northern, $1.12; No. 3 spring, 95cfT$1.06. Corn No. 2 yellow, 767o; No. 73(fT-74Mic; No. 3 white, .376c; No. 4, 705f 73o. OatsNo. 3, Blc; No. 3 white, 63OT68o; No. 4 white, 49HIU54C. Chicago prices furnished by Over beck & Cooke Co. WHEAT. Open. High. Low. Close. . 89 9 ?9 89 Vk . 90 90H &9 90 S1H 92 91 91 06 55 96 HOLD MARKET in Cannot Afford to Allow h Decline fn Stocks Spoil U. P. Bonds. ted .. U STOCK MARKET LOSSES. Amalgamated looomotlve A. Smelter B. & O... St. Paul H C. O Colo. Fuel ft Erie 4 111. Cent ft STOCK MARKET GAINS. Katy Ma Pac... North. JPao Penn Heading ... S. P N. P U. S. Steel i Sugar Brooklyn ...... , Canadian Great North. ... V O. & W Nat. Lead U. 8. Steel, pfd.. July Sept Poo May July Sept Deo July Sept May 86 CORN. 744 75 744 75 S 634 OATS. 484 494 41 42 '4 44 44 "i PORK. July ...... 1615 1650 Sept ....... 1620 1650 Oct 1630 1650 LARD. July ... ... ... Sept 962 967 Oct 970 977 RIBS. July Sept 903 910 Oct 912 917 744 74 61?i 4S4 41 43 1615 1620 1625 96S 970 900 907 74 " 92 '49 41 Ti 44 1630 1645 1645A 957N 965 972 897 910 917 09; grain, $1112; alfalfa, JSWIO. cheat, $1112; FRONT STRKET REVfEW. of Rrlef Notes of Various T.lnc-s Trade nt Wholesale for We k. Loganberries came so fast dur:ng the Fast we. If tha p-l.e.1 wen' as ,-.-, a.s ih. a erne. C,c:'-:al,'y speaking rilled, bow. er. between 75c.;iJ. iittho lat'er quot.-.tinn Was bard to obtain. Strawberry season Is funt coming to an end nrd prt-es ere advancing. Qual- Hntter, Egga and Pomtvy. BUTTER FAT Delivery f. o. b. Port land Sweet cream, 23 4c; sour, 21 4o lb. BUTTER Extra creamery, 26c; fan cy, 23 4c; ordinary, 14 22 4c; store, 16 & 17c KUI.1S Select fancy, candled. 23 'g 24.-; ordinary, 224'- CHEKSK Full cream, frets, triplets and daisies. 13414c; Young Ameri cas. 1 4 4 a 1 6c. POl'LTRV Mixed Oil. kens, 12c (& 124c lb; fancy li. ns. J24 ; rooster.-;. old, 9c lb; fryers, ISc lb, broilers, l sc lb; geese, spring, 13c; turkeys. a!Un 17c: spring ducks, I3 4iir,c lb, pigeons! $1.25 doz.; dressed poultry, 1 jj , c lb. higher. Hops, Wool ana Sides. HOPS 1907 crop, lirst prtme. 5c, prime, 4 4c; medium to prime. 4c; me dium. 3 4c lb; li(0t crop, 2 'a 3 4c lb; contracts, 9c and lOo for tnree years. WOOI. 190S Willamette valley. 124 U 1 3c. SHEEPSKINS Shearmg. 10 16c each. Hhort wool, 25340c; medium wool, 60rj$l each; long wooi. 75c 11 ..j earn. MOHAIR 1907 Nominal. l?419c. Hir.'ES Dry hides. 12.4 ffj 13c lb; gn-en, 5f6 4c; calves, green. StMOo, kips, s'jte lb; bulls, green salt. 4c lb. TALLOW Prime, per lb. 3 4c, No. 2 snd grease, 2 ft' 2 4c. CHITTIM BARK 3 4 4 4 c. Fruits and Tefetatoies. ONIONS California r.-d, 11.251.6") per sack, yellow. $1.75 per cwt., garlic, He lb POTATOES-- !d. selllr.g. sw-'el, 5'y54c, new potatoes, 1.5" AI'PLES New C'all fornla. $1.50 KltEii I'ltl'll 'a - " .ranges, H003 4 25. I.ajiwpas. 5 4c p. r lb. . rate !. 6c. By Hyman H. Cohen. While rains would be quite welcome In practically every wheatgrowlng sec tion of the Pacific northwest at this time, the lack of them has not seriously' (".amaged the crop. The deficiency from the normal rain fall for the various sections, as com pared with the normal fall for the 10 months from September, 1907, to July 1, 1908, Is thus given by Edward A. Beals, district forecaster of the United States weather bureau: Walla Lew Walla. Spokane, iaton. 0 2S' 0.33 0.24 1907 Boise. Baker. September 0.09 0.34 I'-tober 14 .4S .87 1 07 .86 November .19 .73 .35 .64 77 Dei ember 1.06 .16 .12 27 25 10S January 1.26 .92 1.27 .41 65 February 1.13 1.01 .88 .63 '.0C March 42 .54 .18 .89 .09 April 89 .01 1.20 .65 .20 May . . 13 .58 .79 .05 25 June 1.83' .66 .35 1.11 .90 Totals 0.78 6.41 6.07 $6.48 .1.65 CALIFORNIA HARVEST IS FULLY MONTH LATE By Thomas C. BhotwelL New York. July 11. Although the stock market broke sharply during the second nour today and although the close recorded net losses In tho active issues the volume of trading was very small and the decline was looked upon only as the reaction which had been ex- eoted for several days. Some of the est speculative authorities are of tho opinion that the decline now in prog ress will be stopped very soon, per haps Monday, but most certainly on Tuesday. The Harrlman party has pledged Itself to support the market for at least tow weeks longer in order to accomplish certain things In connection with the Union Pacific bond Issue. No Important Interest is anxious to break stocks Just now and It Is only logical that a quick recovery will be seen: This is not saying mat tne deal, Dig swing ing bull market has begun. Indeed It would seem that stocks are rather high for tho beginning of such a thing and especially so in view of the fact that odd lot Investors are taking profits. Perhaps one reason for a limit of two weeks being placed on Harrlman's active support is due to the desire of the Standard Oil party to test out this Investment soiling movement. If the small Investors who are the backbone Portland 9c. Cracker Jack Be. Francis Mohawk 16e. Red Hill 18o. Mohawk Ext. 80, Lou Dillon 2c, Y. Tiger 8c.A, Grand ma 4a S. Pick Ext. ZcA. 1. Rose lc. Col. ML Kit 2cA. Goldf. Cons. $6,87 4. New York Cotton Market. (Furnished by Overbeck A Cooke Co.) July September October ... 922 902 919 920 903 916 945 940 946 943 930 941 934 930 934 941 924 938 931 912 928 of the market Intend to take profits from this level upward, even Harrlman will not be able to see any virtue in an advance. It Is well known that the in vestors would purchase on a decline and the Standard Oil people so love the dear public that they will try to give the people what la wanted. It Would be just as well therefore, to view the advances of the next two weeks with some suspicion, bearing In mind that Standard Oil Is acting in per fect good fulth and that it Is really mak ing an experiment. Sometimes the pa tients do not survive experiments In vivisection. Many more Wall street rabbit haa died on the financial Ing table by inoculation of the very bull germs that later meant the hre.it I, of life to his surviving comrades. Out Politics Out. (United Prm Leased Win.) New York, July 11. Undoubtedly the most striking feature of this week's fin ancial aeaiings nae oeen the slight con cern displayed over political matters. A month ago the common impression was that the week of the Democratic con vention would be a week of nerti bntb.n In financial affairs. According to the popular forecast tb nomination of Taft at Ch! cairn wool,! l, accompanied by rising prices, while the nomination or jiryan at Denver would be attended with uneettlement and ri... cllne. The prediction haa aone as f.r astray In the one case as in the other. ine marKoi nas demonstrated this week no less than it did a fortnight ago that proceedings ,of party conventions which have been thoroughly out nd dried, and the outcome Dlainlv nubllstmri beforehand, are certain to exert their Wall street Influences ahead of time. In fact, recognizing that lessening nf uncertainties over the presidential con test was a powerful Influence in tha market's previous recovery. The dis position to Ignore politics and to b-Ivm other consideration the precedence has already been clearly manifested this wek. The buying movement had set In be fore the July crop figures appeared on Wednesday afternoon, but there ia no doubt that these estimates of the gov ernment lent strong encouragement, to subsequent operations for the rise. A wheat harvest the ihird largest on rec ord with the second largest yield of corn are what tha conditions and acre age statistics Indicate. As It looks the recent additions to operating cost are likely to be of a permanent nature. The attempt to force restrictions In wage scales whether or not the political situation has been the motive, has been abandoned. The man agements have been content with cut ting down working forces and the hours of labor. In another end equally Im portant detail the burden of the rail roads seems to have been sermanently Increased, ; that Is in the item of local taxes. Oppressive state laws are, of course, responsible for this, and partic ularly the south and southwest. Fig ures published during the week showed Union Paclflo and Southern Pacific, taken together, are paying fully $2,000, 000 more In to state treasurers this year than they did last year. If gross earn ings get back to their last year's volume them should be an amnla martin to sustain developments and provide for the increase in operating charges at 908 907 940 9S5 931 927 916 the same time. Increase. Tli" of fblal report of Mr. Beals re- S-iriiii: w-atber conditions follows: January, March and April were dry months and the rainfall naa lighter than usual. In northeastern Oregon and eastern Washington the deficiency In rainfall sin. e tlie beginning of last September Is over five Inches. During May and June the deficiency was proportional! y great er than during the winter months. In the Il'dse basin tho June rainfall was much ereat.-r and the May rainfall slightly greater than usual. The above data Is up to June SO, In clusive. No rain of consequence has f.iM. n east of the Cascade mountains during the month of July. There have been few years heretofore when there has been such at' small amount of damage to the wheat from hot w inds as thus far t his-, season While there has been a deficiency In rainfall. It is not the lack of rain that plays havoc with the growing wheat so such as a hot wind, and for this reason the former estimate of The Journal of 58.500.000 bushels of wheat for the three states stands. While some interests believed great damage was done a week ago, examina tion of the fields In various districts by competent men falls to disclose su.-h damage. In fact, this summer there has been practically no damage to wheat. What damage was done to the present crop was Inflicted during the spring months by the cold weather. white. $4 75: pink, 'IS 85: bayou, $3.81; LImas, $5.85: Mexican reds. ( ). Meats, nu and Ptottstobs. DRptsbED MEATS Front sireet Hogs, fancy, 7o lb; ordinary, 4c; large, 6'6c; veal, extra, 80 per lb.; ordinary, 774c per lb.; heavy, 7o per lb.; mutton, fancy, I84c per lb.; spring lamb, 7c. HAMS. BACON. ETC- Portland pack i 1 is breakfast bacon. 16 w 23c per lb. pjcnlcs. lie per lb, cottage roll 12c lb; regular sHort cleais srnoKeo. 1 -c pr 10; Dacas. smoked. l:'4c lb; smoked short clears. 12 4c lb; clear bellies, smoked. IS 4c lb lty Is n.-t f" p .01 i-!r!r r hcs. s are !r henvy supply, b'it . . '-cer quality trade If again ). mons. $S 75 4r 4 box . grapefruit. $4 I 5 shoulders, 12c per lb; pickled tongues, i'c each. $4.50: pineapples. Hawaiian, $4.00 doz; etrawberiles. Wlliamette valley with i... bet'er n.ialtfv tiii t. '.',(.. ' ! '"3 1.25; ntunloupes $1.7092. a-- lirirrt v'-g , rb-ot. 90c& $ 1.15c; bla- kbrrries. SI 26, ........ P n-irr-: -s r:rmer with . '"" , ' .V ' , '.. r " " 9 V c rr lb aave.nce U th s." :h. I rn .,. r.i . neir.et. i;eui Dressed meats did not arrive In the i "' - ' ' we terme.ot.s, -.' lb. est of shape during the past week anl In mnrvm , compelled to dump them. Good ntialltv i b ' ;"'':ii' L' was In demand and readllv mov. "."i -I'WJl lonner oetaUnr ...ThA Bor?n M!!l' company thN week rut the price of Pioneer 4V a re,. .I, nalbTn0 th T,ue rulln or.' Car- "th run In t eint... cult rood: th. pec b.lns ,he h" New notatnes . arrivals from lo-l mi.t onalitv. Kales were made 2e ( rHce. TmrA u-et n, tt ttl following rriws Tho p i.i shippers arJ regular eommlsstoBs ' fln. Mm mtut Kay. v litAT Buylsg price Tr-h JrVrtlardClub tc: blii.tm. tc 15 4r; Wlllasn.tte valley.Ue buihlT' LOCAL LARD Kettle leaf, 10a 134c per lb. 6a, 18 4c per lb; 60 lb tins, 12 4c per ib; steam rerdered. 10s. 124c per lb; M, 12 4 per lb. compound. Its, t c rr lb. L'TC U t. .L. . . Ik- H4da .J Uo per lb; ha.lbut. 6y6c per lb, striped 1 mor., Chinook, 9c lb; bluebacks, 8c lb; I steelhead be lb, herrings, 6c lb; soles. 7o per lb; shrimp 10c per lkr, perch, I c per lb; tomcod. He per lb; lobsters. i.. 1 vi jo, iirin iiiKi&ervi. in, eu. Oregon. 3 W it y ' " " " "-''' "".R7'". i-T S:0c: srtichokes. ( -. ' ;3 - Ifr"v, "w KZa "V- 091 EO dos: shad. 24c; roe News Gossip of Finance London, July 11. Silver. 24 9-16d. New York, July 11. Bar silver, 63 4c Chicago, July 1! Inter-ieean savs; San Francisco, July 11. Spot wheat prices per cental: California club and white Australian nominal; lower grades of California. $1.40fr 1.50 per cental; northern club, $1.601.66; do bluestem, $1,6741.70; do Russian rea, l.eo 3 1.624. Harvesting Is about a month late this season and so far only samples of the new crop have been exhibited on the exchange. The receipts In this market will probably be small for some time arter the lirst arrivals at tiae water Inasmuch as the interior millers will Immediately require most of the available supply. Quantities however, will continue to arrive sufficient to meet the local requirements. Th spot market today was quiet and without any quotable change. The receipts were only 476 centals. December barley closed c per cen tal higher. Tho receipts of barley were only 960 centals. The butter, cheese and egg markets have been dull of late and the business on the exchange has simply been a re flex of fhe same conditon. The only change In butter today was a decline of 4o per pound for creamery firsts. Extra eirars were Ac ner dozen cheaper. The market closed firm for creamery butter, and steady for packing stocK. Eggs closed steady for extras and firm for other grades. New cheese was steady for flats, and firm for Young America, Only 10 cases extra eggs sold at 23o per dozen. In fruits there were a few days this week on which the demand for season able stuff was quite active. Logan berries are nenrln the end of their season, and of late the prices for them have been extremely low. It may also be said that other berries have, as a rule, been going at hardly remuner ative prices With the great variety of other fruits, berries have become b ss attractive Currants have held out better than expected and today 29 chests arrived. They were slow sale. Prices ! realized fpr cantaloupes this season aro : $1 I 1. TABLES Turnips, new Oregon. carrots. $1 50 sack; par- itll: cabbage. $1 a", tomatoes iorne. 1 ;5 box; i'r,g.,n J3.... 1 n s. fc :j .c lb. canlfiO crate. J1..&41 2 00 t.orsrruais,. mjc: artirhoaes. (- "Accord ng to advb-es from oflclal ' K?'IZ7U r 1 a,'la"luP" ,,. , ,,,i I. ....,.. said to have been unremuneratlve to R Rtl.1 J,t,,JL i P l ,U; ' 'he southern growers, both at the east L h '5"Vd U!e ln "id here. The season Is now drawing the month will show unfUed orders ; to rf08. There was a demand for aggregating 3,500,00u tons 1 peaches, but mostly for the cheaper . , . ,, ! kinds. The trade is not taking crab- New York, July n.vall Street Rum- apples, but runners have been buying mary says: "Norfolk Western R!l-!!:t lc per pound. Three earloals of wav earned about 4 per cent on mm- ' cntral American bananas were due this mon sto. k. as against per cent a j afternoon, year ago.'" New York. Julr 11. Copper producers are declining offers around 13c a pound. New York. July II Total bonded iniebteflne or the U. 8. Steel corpora tlon exceeds 1602. 000 000, against $365 000,000 ln 1901. TKICE OF NEVADA SHARES IN FEISCO 1 i.7r. irrfi on nr.- F.r t t r r . r-. a i OW ' j ' . t t j , mh.m.A Kr mhA rrtm lfU Ih in , .t'???:"- '1U" ... OTSTERS-sho.lw.te; B.7. uer .ml- dividends .e. .... j . . . ..... 1 . u 1 uuni ne. . 1 . ., ,. ihaik ..-h i. 11 rvtwn. ' "r in. iir.i u monins pr tne year are hw v.. ! rl.i.barb. Orecr.-, 5U.fr ?.e- -n.i'On. $20. Ler lM-lb sack. $5 to, Olyra- K., - ,..''.... J 'r U,Mr.irt California' .b , r; per gallon. $2 40; per 10-1 sack, " --.. wr.cr ,-L. . r. : . .. ' IISO04iS!.u nnnH Ikru till . at -.. . ' r K L a ri iuu l&e: er.n . . 1 . . . . V . r . 1 . w Tftrlr Julv 11 z.--- r 1X1 UK f!!lnr prloe- Kj..n, rw ra patents. $4 15; straight. ijo ilil XpertS. $H0'.e0, v-lley.!,? mhtm. Vs. 14 41: vhnU w. mlii- ire. is, tt n; rale.. 13. XllUri I f m elll-,. f;: midd.'irrw. IJ ; sWta. nS .. . . ' , s PAKLETed. $2.; fx lie. $7j. Ct bowleg. 127. OaTi Ne. i waits. JM; gray. $17 pe ten. I" r-"Prodnerrr1e-!! Tlmm).. TT' mtt v.l r, fssrv ll$p$I8(' er'-rv, HI t )Q If; earfem Orgt' $iti,', n'.iri. I.ijljf.?, clover. $1 corn. 25c doz eocenes, smta. Ete. (t'OAR c::fornla Hawaiian Re rlnerr Cub It r.nmAr 1.41 J berry. dry granuiatod. $ $; XXX ar.nui.xea. Si6; A- $ 35: extra oi,in O.. li: yellow. tt'V ltrnuU" : barrels. 15; half bnls, $e: box, ie axl v.ne on gsck haia (Above prices are It days Bet cask quntatlora ) HONKT 1 ter erat, COFKEE Package braads. Illil. BAITT Coarse Half rrouod. lea. IU.04 per toa; . $11 Ut d.1rr - - - .sv.v. . . lit.. nr. izMb lTiprted Liverpool. . lees, files; 4a. Illt: enrtr fine Urrela. $. aa nd,l. 4tet.tt; Uverpeul lurrp ncX pr ton. RICK Imperial Jsea M. 1. ; ?. 8 4W$: New Orleans, be te; Ax. t ); Tri. I j r - tEANS abite. $t TI; large CLAMS Hardshell, per boa. $$.4; rasor clams, S 2 00 per box. lOe er 4oa Palates Coal OQ. xmv ROPE Pure Manila. 12xc; standard, 114c tiul, 94c; 1 B sisal, 14c LIN8KEi OIL Kaw, bbl lie; caesa, tire, boiled, bbls, tic; cee. $7e a gal: lots of 2i (aJona. le leas; eU cake mral, $14 tea. BENZLNE e, him. II He Br gsl iron nWi, 134c per s.L TlHPENTINE-U emattm. lie per nl. wol bble, e per gal. WHITS LiuAO Tea lota Te mt lb; HO-le tota, le lb: 1m lota. fe la. WIRE NAIL Preeeat buis $X.li. Ltrrrpool Vbtml rteC - L!verpoeL Ja!y 11. OTTV4J prleee: hKt i'j'r Tf 4V4; eptembet. 7s Corn July, ia t4; September. Is 4L . . bonds: Twos, registered . . do coupon Threes, registered do coupon Small bonds Ftura. registered . do coupon 103 S lf3 4 ino If V 1004 121 4 1:24 104 4 144 1614 ii?4 134 New York, Joly 11. Metals Copper Lake, 1 4 n ?4e; elertrolytle, II 4 i:c: eaetir.gs. lJSMl4e Lead. $4 44 94 414. tin. $40 75Q4H. New York. Joly II. Sterling ex change: Cablea, 47 10447 II: !mn4. 444Q4I4I; day. 411610414.71. Soimrtimexsi thm Way. . There be mm H i'dn t-awecee la bvsineee tor b1mJf 7" ' a. wea i.rK to take - ad vealeg of aa easy Wea' 'Furnished bv Overbeck Cooke Co.) Saa Francisco. July 11. Bid prices:. BI LLFROO DISTRICT. Original 11c. Bullf. M. C. 4c, Mont Rullf IcA. Gold Bar 3c. Hcnnle Clare 7c. 4 I Mayfl. Cons tr. Monty. Ohio Ext IcA. I . Bceptor lc. Monty. Mt. c. Homestakel Com 40c, Yankee Qiri 3c, Tramp Cona lie TONOPAHS. Ton. Nrr. $ P0A. Ton. Ext ", Mae Namara lie. Midway lie Ton. Belmont Mc. Ton. No. Star Sc. Ohio Ton. lc. West End Cons. 40c. Rescue 4c, Ton. A Calif. IcA, Golden Anchor lc, Jim But ler 23c. Tbn. Home 2c Ooldea Crown 7c. OO LD FIELDS DISTRICT. Fsndstorro 24c. Celumbla Mt 1 6c. Jwmbo -Ext 3 7c, Vernal c Pefinsvl vanla 2cA, Kendall lie A, Booth 16c. Blue Bull lc, Adams ec Silver Pick 17c Nv. Boy 2c B. Ii. Ext le. Bine Bell 4C Dlsle lc O Columbia IcA, Hlbvrnla lc. 8U Ivea 10a, Conqueror 4c Blk. Rock le. I one gtar IcA. U- Wonder IcA. Oro -C Kendall Ext. IcA. Bandet Vxt teA. Mayne lc Atlanta 17c Great Bend tlcH. Empire IcA. Red Top ExL'la Florence II II. Florence Est 1 4c Diam'f B. H Cn. le, O. Daisy ll, Taruna 11.14. Comb. Fract f. Ot. I'-d txt 4r, Or. P1 A rx. e. Millitnrm . B. B. Bo na 11 1 lc Kewaaos 31c Esmeralda IcA. Portland Construction Company OF PORTLAND, OREGON ENGINEERS AND BUILDERS OF ELECTRIC RAILROADS, POWER GENERATING PLANTS AND CONCRETE DAMS. CAPITAL STOCK, 5500,000 Par Value $100 Per Share 9100,000 PREFERRED, $ 100,000 COMMON This company haa contracts for the construction of 200 miles of electric railway through Gilliam, Wheeler, Wasco, Crook and Grant counties; also contracts for concrete and steel dams on the John Day and the Deschutes rivers; also for concrete work 5n bridges and buildings amounting to over $6,000,000. "These projects are being financed by a bond issue of the Wasco County Electric & Water-Power Co. to the amount of $15,000,000, and the money se cured from' the sale of this bond issue will be de voted to the payment of the above-mentioned con tracts. We Offer 5100,000 of the Preferred Stock of This Company, Paying 8 Per Cent Per Annum, at 592 Per Share; guaranteed by contract with the promoters to turn over to a trust; company twrice the amount of the par value of this stock in. bonds of the Wasco County Electric & Water-Power Co., to be held in escrow as security for the payment of this stock at the end of 10 years. A sinking fund to retire this $100,000 of stock at the end of 10 years being a stipulation in the preferred stock, which will pay, as above men tioned, 8 per cent dividends per annum. This stock controls the entire assets of the com pany. " The money secured from the sale of this pre- ferred stock will be used for the purchase of equip ment and for actual construction of 40 miles of grading and contractors' skeleton railroad to haul material for construction of power dam at the John Day river, and Tor all other purposes incident to the carrying forward of the work involved in these con tracts. We can recommend this stock to be a first-class investment. COOK S: TRUBY 511 Corbett BIdg. Portland, Oregon A-2181 Overbeck: & Cooke Co. Commission Mcrchanls, Stocks, Bonds, Cotton, Grain, Elc 216-217 BOARD OF TRADE BUILDINO 4 Member! Chicago Board" of Trade, Correspondents of Logan & Brrta, Chicago, New York. Botton. Wt bar th only private wire connecting Portland with tit east era .'- - exchirfe.