'.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.