The Oregon daily journal., July 19, 1908, Page 23, Image 23

THE OREGON ' SUNDAY JOURNAL', PORTLAND, SUNDAY MORNING. JULY 19, 1908.
WEEKLY REVIEW OF FINANCIAL DOINGS
TO BE II BEJII1
After Hop Shorts Force
Growers to Pick, Watch
for Chancre of Tunc.
Tly Hyman II. C"l""n.
Short Bcllern of Imps anil their allies
are dolns; everything In tliolr power to
force tho trrowr-rs to borrow money to
Dirk their comlntr eron. Thoy nro tell
tn.j of all worts of duinano and all sorts
of condition few of theni true to
bring; the (trowera Into line and compel
them to ItnrvfHt tht'lr crons.
Vermin, dronnht and whutnot have
been imrrt In thia mmnalicn of forcw
airalnst growers, who havu not the
means to harvetit their crops without
mortgaftlnjr their yards. Bands will not
furnish the necessary funds by taking
a morttraire unon the croo Itself, for
hops are not sufficient security In
these clays of extremely low prices,
prohibition and heavy production.
During the past 10 days there has
been n systematic movement upon the
prirt of the short sellers, their allies
and their hlrellnt? to force the price
of contracts to such a figure so that
the growers would be encouraged
thereby and mortgage their yards to
get the necessary funds for carrying
on the harvest of an unprofitable crop.
This is exactly what bus been foretold
time and time rkhIii In these columns
this veiir, last year and in fact for
three 'years. It's always the same old
trick and for two years It lias proven
most successful so Mimeessful, In fact,
that thi' manipulators are trying It
agiiln with the hupo of accomplishing
their purposes.
Costs Manipulators Little Money.
This method of putting up the price
of contracts costs the manipulators
but little money, for while the boosters
put up the price scarcely a hale con
tract do they write. (everything Is
done by mouth and print. Actual con
tracts are few and far between and
then onlv in Isolated cases where extra
select q a t lit v is used to boost the rest
of the market
During the week the trade In general
reporterl contracts at 1 e a pound, -but
none were Inlying ' this figure. In
order to forestall n'iv possible break
In the contract market, boosters aro
spreading ; round the report that Ore
gon hnps never had so many vermin
as this season. I to y Fcari eiy iigure
BETTER DEUI.
III IIQli MARKET
While Supplies Are Larger
Locally There Is a Short-
in the Country.
age
PORTLAND
Past week . . . .
I'revlous week
1 907
I Suit '.
11)05 .........
LIVESTOCK RUN.
Docs. Cattle. Sheer
Iocs.
4K
3 60
2K4
i r.n
164
1004
98.1
1 104
725
tcu6
6CI
2 4 HO
170!t
341.3
lly llymitn H. Cohen
Portland Union Htockyarda. July IS.
While the run of lions In the local
yards was greater. the past week than
either a week ago or tor any week
responding to ..lis during the years
1906. i)oi(i and 19i7. snptiiii'S were too
small for the trade and prices have
again started on tho up grade.
I hose most familiar with the situa
tion men who have been buying and
selling hogs for a uuarter of a cen
tury tell me that hogs are scarcer to
day (marketahle kind) than they have
ever been heretofore. The country hogs
fit for market have moHl ly been picked
up and thin accounts for the smaller sup
plies than the market demands. It Is
too hot to bring hogs In from the east
and make a profit so of course packers
are forced to pav local raisers what
ever price tliev ask.
Good price for Orass Cattle.
Considering this Is the very height of
the grass cuttle season tho present
strong tone of the Portland market Is
wonderful. Host grant -finished steers
are still finding an excellent demand at
it. which price in much better than for
this same period In recent years. The
thnf elon.iv
both be. ! s
enr weeks,
during hot
kills Iheni.
nnst have
ather and ruins huvo
nr.-e in this section Of re-
Yormin do not increa
weather, for hot weather
But anvwav the shorts
something to keep them
from purchasing the., contracts at tho
advanced t'lguies. Vermin talk Is the
last resort for them.
Will Advance Contract Price.
Ten cents Is not the limit these ma
niiiulators of the hop market Intend to
put the contract urice. Thev Intend to
move it up gradually to 2c, the higher,
the more growers will be induced to
gather their crops.
Spot Irop business during the past
week was fair, several lots being taken
In at priced that ranged from 5o down
wnid H seems ptraiiKO In view of all
this talk of vermin In the yards and
probable poor oualltv for the coming
rensoh. that the trade will pay no tr
t'cin 5e a pound evet for the best of
th- 1907 crop, which is said to have
uiiusmiIIt fine oualltv.
Pulling' Down V?fl Estimate!.
Not 041IV are the Imp sboris and theh
partners boosting hop contracts on
wind and putting all sorts of vermin
the yards, but they are cutting
the size of the coming yield at
nvming rate. It is anything to
th. grower to pick his crop with
and cutting down the estimated
is one of the ways they hope to
ouiplisli it. l'or Washington they
nil' figuring on a paltry 15.000
s. and before lotig they will cut the
goii estimates down to Mi. 000 bales.
acrce among themselves that Cal-
n;a is not gom to produce ne:tr
as many bales as had been expected
earlier.
What's What and Why.
There are eeiinin things that tho
shoi 1 sellers and tiianlpuhi tors of hops
do not figure upon In their campaign
of lal'se boosting. They full to aee
tlii! tic re is absolutely no demand for
spot hops In the eusl or in Kurope even
at present values. New York stands
to produtc one of Its best crops both
a.-- reagrds m 1 i ty and quantity, while
Kiropc, and especially Knglaud. will
pro luce almost as many baits as a
year ago. Hum present indications. In
lu-o
di u p
in a
f.O ' e
t hern
yield
a
c,l
On
TN
if '
great shortage of American cattle sup
piles is the cause of this and there
seems every reason at this time why
prompt values should bo maintained and
even better ones shown In the near fu
ture. During the week ordinary grades
of cattle snowed an advance of 25e.
Heavy Stun of Slieep.
A very heavy run of sheep, consisting
of fi.rtlS head compared with 2.1fio a
year ago 1,709 two years ago and 3.4511
head for tills same week three years
ago. was shown In the yards the past
week. Notwithstanding, this heavy run
and somewhat unexpected one too
the fcheep market has remained In u
very good position all week. At the
close of the week's trading prices show!
an advance of 26c over tics- that ruled I
during the previous six il.ivs
A year ago for this same week cattle
and eheep were showing lower values
but hogs were unchanged, although the
tone was easy.
Better Tono In Wool and Hides.
Hotn the wool and hide markets are
showing an improvement In tone for tile
past week. Wool, especially, is firmer
and late transactions' In eastern Oregon
have been at quite a rise over opening
Iigures. 1 nis has ran sect wool grow
era of the Willamette valley to hold
their supplies and local business is for
that reason quiet.
Tho first of the week there was an
advance of 4e In the price cf hides
in general because of the firmer tone
and better buvlng by manufacturers In
the east.
Official vard prices today:
Hogs Best stuff. Ifi.MiffR.7R: block
ers and China fats. $1; 00 'i 6.25; stockers
and feeders. Jfj.OOrilfi.KO.
t 'at tie First eastern Oregon steers.
J40o: medium steers. $.1.Mi if 3: ; prime
fat cowr, $3 ii"' medium cows, $2 SO;
stags. $2.50; bulls, $2.iwJ 2.60.
Sheep flest wethers. SS.25iffl3.50:
spring lambs. S 4.50 'it 4.75 ; st ralght ewes.
IS.nti y 3.25; mixed lots J3.2SW3.60.
v lf S ! Y;
i f J.'':' '- : '. i
V .' t 'li -! yt .till.
. 5 . ';
t ; v-
- Jt-M- :t
V ' :
. .
4
I 4
A 1
Ella M. Finney.
:lla 3r. flwky
OF HOPS
I HARRIMAN STANDARD OIL PUT
NEW HIGH RECORD ON SHARES
New York. July IS. A favor
able exhibit wan the report
of the number of Idle rail
road car. On July 8 these
mounted to 303,041, against
812,847 on June 34. The
year's maximum waa 413,338 on
April 29, and since that date
there has been an uninterrupted
decrease. Kor the week the
country's clearings showed a loss
of 7.1 per cent. All railroad
gross reports for the first week
In July showed a loss of 11.2
per cent, whereas In June the
loss was 19.8 per cent. There
was small feature abroad. Her
lln was quiet and at Paris there
was a small rally In rentes.
London was dull, with consols
and home rails heavy. Ameri
cans at London were steady In
tone, but with small and Irregu
lar price changes.
6 that June prnhahly marked the low
point In railway earnings, that tho ra'l
way exhibits and bank clearing i-
hILltB will from now on get steadily
4 better, ami that business generally.
I may look forward to a very fair de
gree of nrtlvfcy in the autumn.
These phopheslea urn uttered. of
nurse, with the provision that no up
set occurs at the November election.
Hoth in buslnesH and financial circles
however, the political situation deems
to he retarded with remarkable In.l.f.
Some of this feeling l due
FRISCO IMPORTS BRAN WHEAT CLOSES
ABOUT THE SAME
FROM JM MUS
Second Shipment Is Re
ceived and Is Said to He
of Good Quality.
lep-nco.
douhtleH to Its hoing too
In
feeling
o early
campaign to really get a lino on the
drift uf political sentiment.
Wall street, especially, is In a com
placent mood so fur as politics are con-
If
proof
came at the close
any nr
the
Heeded of
last week
stock e x -
Kr.irl.ind the growers: anticipale a tax
upon foreign hops and few of them
plowed up their vards despite the early
announcements of tlrt short sellers
here. While no tariff was put nn hops
the damage has been done for this sea
son at least.
It's a most rernatkible situation in
the hip market from all points of view.
Their is tho short seller who Is prl-
number of transactions were reported
early In the week but later snles were
small because producers were asking
better prices.
A few sales of new barley were re
ported but the volume of business Is too
small to base a quotation.
Receipts of new hay have been gener
ally unsatisfactory owing to hot weather
and buyers are adverse to entering the
market until nfter August 1.
IlK.MKi: PUK E OX ( IIEKSE.
Kinney, grower of the
Ps in the state of Or-
Klla M.
choicest h
egon.
That is the title tho trade has
given this woman, who herself
conducts a farm of 106 acres
near Brooks. Of this amount 40
acres are growing hops and
such hops they are too.
Miss Finney has had entire
charge of tho Brooks farm its
real name being "White Oaks
Farm'' for three years, and
each successive season she has
produced a better quality of
hops. Last year White Oak
Farm produced 171 bales of
choicest hops, besides much
grain and fruits.
Who says a woman can not
manage?
'
1006 crop, 2S 8H0
for three years.
-Willamette valley, 1
ily lnteiested In cutting down the
e of hops so he will make more
ev on his contracts, boosting the
market for all he Is worth. While
If at present Interested In getting
growers to pb-k their product so
can fill his sales at low prices, he
iuior.t; the leaders of the boosters,
en th" hops are picked and in the
that will be an entirely different
s:or . f.o- Then we w;l find the pres
et): lonster on the other side of the
market because that's the sldo his
bread Is buttered.
ma :
pri"
no 1
hop
he
all
he
is
Wl;
hnb
WHEAT MAHKKT FIRMER.
Now Crop St and Futures Find
ing Demand at Hetter Prices.
Port land Ho t r.
In 1 1
tv r s
d i: in
fori h
f
1 firmer tore
k t he pa st week
hlcher hids b'it
The rt.o 10s o'
hea 1 1 v oven!
w:";hoM1ng ;
The closing
board Monday
Pept.
Lee.
Fpt.
Per
Pnt
1 of Trade thfre
e wheat market
Futur s brought
no wheat was of-
,.fies 1 rop damage w hile
rnv. n had their r'fe.-t in
e:ie- fim the market
of train futures of the
and on Saturday show:
WHFAT
Another Advance Made During the
Week Only Best Mutter Firm.
Cheese market shows a still advance
again and dnlsb-s are being quoted as
high ns Hjc. The small nvsilahle sup
plies of unsold cheese at Tillamook are
the cause.
With a very heavy make, the rreamery
butter market Is weaker for anything
except select stock, but for this the
market Is firm because of the small
supplies of really first-class cream.
Kgg market, is higher because of small
stocks of No. 1 oualltv ami the ten
dency seems still higher.
Poultry of all kinds found a demand
during the week with advanced quota
tions on chickens.
FRO XT STREET REVIEWS.
Brief Mention of Many Imitortant
Lines of Trade for Past Week.
Local peaches are In larger supply and
quality and good fruit
Mo-. iv
"lt
- i
O Ts5
.... J 1 ISM
1 :"B
harm; v
. . . . Jl e;,H
. . . . 1 1 "li
Saturday.
HI H
S34I1
with better quality and
weather the market Is excellent
Local tomatoes are showing fine qual
ity and next week will almost replace
the article from California. Hetter
quality.
A drop of -,0c per dozen w:ts shown in
the price of Pioneer milk the past week
In following the move of Carnation some,
time ago.
New potato market Is holding quite
well, considering the larger supplies.
Cantaloupe market was advanced dur
ing the paf week hecause of th larc. r '
demand and smaller supplt-s. Heav ier I
receipts due tho coining week.
Watermelons are row quite plontlfnl j
but the first market quotation is still
being maintained. Sales are liberal with I
the hot weather. j
Run of salmon In the Columbia hss
decrease,! during the past week on ac- 1
count of the high tide. I
Best quality of dressed vesl was I lump
new
f 1 f? H
vv h e i t ran'.
finding
".:!-l P.
ket
d.
r'ln-
1
II
firmer
n i 1 a r .
bs s ;
l "Tt
1 f.M
1 'in
1 . Ti
s nd
und
scarce during the week and prices show 1
a higher range. '
Front street sells at the following
prices Those paid shippers are less
regular commissions:
Drain, rlonr and Hay.
WHLAT Roving price, new -Track.
Portland Club. Kiys2c, bluestem. s 3 ft
Me. red. TUdrSOr, Willamette valley.
Si'HZ- hush.!
FLCtm Selling price- Rasterr Or
medium. 2 Vic lb
contracts, H a 1 0c
WOOL 1MUS
1.1c.
SHEEPSKINS - Shearing, 10 g 15c,
each; short wool, ;,'e'i luc; medium
w ool, SOciiJl each: long wool, 75c 'ii
11.25 each.
M HAIR1I07---Nom!nal, 1 8 K -3 19c.
HI1F.8 Dry hides. 12V4 5lSc lb;
green, 66'tfcc; calves, green, S'SlOc;
kips, 5 'it 60 lb; hulls, green salL 4c lb.
TALLOW Prime, per lb, 3(g4c; No.
2 and grease, I'a-c-
CH1TTLM BAfiK-itf4e.
Fruits and Veg-etables.
ONIONS California O K, 1 1.25 fl. B0
per sacK; yenovv, i.,a per cwt.; garlic,
6c lb.
POTATOES New, selling, $1.1 5 f 1.25;
buying 90cu,$l per cwt.
APPLF.S New, SOc&Jl.
FRESH FIU'IT8 Oranges, $4.00
4.25; bananas, rVc'per lb; crated, 6c;
lemons, $3.76 u 4.76 box; grapefruit. Jt
di 4.50: pineapples, Hawaiian. $5 00 doz;
strawberries. Willamette valley, $1 . 00 tp(
1.50. cantaloupes. !i:jsi :.;.((, apricots,
$ 1 'y 110; blackberries. $1.25: peaches,
7.riii!oic; pears. $1.35; grapes. ( ): rasp
berries. $l.lu; loganberries, 76(a90c;
cherries, Koyal Ann. 4'6o lb; Lam
berts and Ulugs, 710e; watermelons,
2jf 2lc Jb; currants, $l.aO crate.
VEGETABLES - Turnips, new Oregon,
20c. le-ets. :.'; carrots. $1.50 sack:
parsnips. 5c $1 : cabbage. $1.752;
tomatoes. California. $ 1.30'cf 1.35 box;
Oregon. $1.50; beans. 6 & 7c lb; cauli
flower. California, crate, $ 1. 75 (if 2.00;
peas, Oregon. 3 4 di 5c; horseradish,
ntiilOo; artichokes. 1 doz; green
onions, lac per uoz; peppers, bell, Sc;
Chile, ( - i; head lettuce. 25 30c doz:
cucumbers, hothouse, local, 5075c do?;
radishes. 16c do bunches; rhubarb1,
( iregon. 2lj 'i3''; celery. 75c; asparagus,
California. S u 9c lb; gooseberries, 5c;
eggplant, i:'U,e; green corn. 40c doz.
Groceries, Nuts, Etc.
SPGAR Calif. a r.la - Hawaiian Re
f Int ry-- Cube, $6. fin; powdered, $6.46;
berrj. $6.25. dry granulated. $6.25; XXX
granulated. $oi"-. ennf. A., $6.25; extra
li . $S0; go. den C, $6.30: D.. yellow.
n ss; neet granuia eu, jti.ofi; barrels,
15c; half barrels. 30
vance on sack -basis.
1 Ahov e j rii es are
quo:atioijs 1
llo.V'EV S3 so per crate.
COFFEE --Package brands. $16.50
SALT -Coarse Half ground, 100s
JM 00 per ton. 5"c. ill 50; table, dairv,
$16 50. I'is. $16 at); bales, $2.35;
Imported Liverpool, fois. $20.00; 100s
Jl'.'OO; 4s. $l.sOo, extra tine barrels,
2s, 5s and pis (I 5"U6 i0. Liverpool
1 ock. -: " o" per ton
By Thomas C. Shot well.
(Hearat Ncwa by bungest Laaed Wire.)
New York, July 18 - Stocks became
buoyant In the lust few minutes uf trad
ing today and tho close showed the
leaders at new high records of the year.
I nlon Pacific and Steel were at the
front. Shorts in both were slaughtered.
Back of the movement all the powers
f the Standard oil forces and every
peclalty controlled by that group of
Inanclers Is being made to reflect their
market sentiment. So bold aro thesf
operators and so certain are they of
nelr position that thev let It be known
after the close today that they Intended
squeeze tho shorts In Pennsylvania
and New York Central the coming
eek. The advance of steel shares does
not entirely reflect trade conditions.
It Is true the trust Is getting more
business but the advance Is at the e.- I
ense of thousands of stockholders who
ent short of the trusts shares as a
edge against inactive issues that had
no market during the panic. 8t-d
shares were so easy to borrow that
everybody believed they could never be
cornered. It is understood that a huge
pool made up of the managers of trie
First National bank, purchasing "im
thlng like 1 OOO.oOu shares of Steel,
common, lending the stock to the sellers
who are tiow being compelled to buy it
back at tremendous losses.
Crops are so far along now that
something better than an average yield
Is certain. This Is enough to inspire
confidence In business everywhere. Can
ada cornea forward with promise of a
wheat yield of 70.000.000 bushels bet
ter than that of last year and Ca
nadian Pacific Is a. tins accordlngli.
The crop situation in Kapsas Is per
fect. The movement of crops already
harvested Is putting more freight cari
Into operation and the number of Idlo
cars Is being reduced at the rate of
5,000 a week. Tho total In idleness Is
now about 293,000.
The money situation Is intet est in,
but not important just now. That Is
to say, money cannot possibly lie put
into such shape that it will interfere
with the stock market movements al
ready planned. It must be remembered
however, that the strength of stocks
Is due only partly to the improvement
of business. Stocks have not increased
In value. It Is money that has de
creased In value as the result of the
new currency law. Wild Inflation is
an absolute certainty for the coming He
year ana me siock maraei is mipiy
raising quotations to the valuo or
ceriu d
this It
when a sharp reaction on th'
cnungfl set loose a lot of talk about
the possibilities of a political scare
On Monday morning when the mar
ket rallied In eusv fashion t,nlltieu
1 piompiiy oismissui irorn consideration
I nnl ,4,,..,.. ,V. . . . l - ,.
mi unlink mo iriti mi Been to,1
financial community gave its attention
entirely to other matters. Persons who
were Interested In the, dealings were
Inclined to think that around the week's
high levels a great many stocks hnd
been supplied, and henco that an In
terval of some backing and filling
might be expected, until this supply
was assimilated.
But the facts of the
being as cheerful as tin
indefinito continuation 1
low money rates being
lain, there was ltttle
doubt that the drift of
very strongly
of hesitation
do
red
days are
Range
beck & C
trade position
y are. and the
if the present
virtually cer
eilsposltion to
1 li h market li
upward and that periods
ui like that of the last few
inly temporary.
f Nr
oke
vv lurk pii'-..s by Ovor-
DKSCniPTION
t
3"
"3
n
I o .
1 ..
money.
New York. July is The
market has been governed this week
by the same hopeful feeling regarding
the general financial outlook that char
acterized the movement of the previous
weeks. In its main feature the out
side situation is very little changed. At
the outset of the week some conces
sion was caused by reports of damaue
to the wheat crop in the northwest,
but the later advices on the suhje't
were entirely reassuring. It turned out
thnt Injury from drought had been con
fined to a comparatively small ar.a.
This week's contribution in the way if
commercial news has come, however,
malnlv from the Interviews, of which
there have been un unusual abundance,
in which leading financiers and Tiu
Iness men have expressed their con
fidence in the future. The opinion uni
formly set forth Is that the country's
business Is well along on the upgrade.
Anial. Cop.
Am Car A;
do pfd
Am. Cot. oil. c. .
A ni. Loco , c . . . .
A m. Huga r. c . . . .
Am. Smelt, c. . .
do pfd
Anaconda M. t'o.
Am. Wooboi, c . .
Atchison, o
do pfd
Halt. v Ohio. c.
do pfd
I Brook, it. Tran .
jC.m. Pacific c '
1 I el: Leather, c .
do pi'd
I C. ,t ci. W , o
1 1 ' , M. fb St. P. .
jc. .v NW c...
I 'lies ,v ( lb o . . .
( ci J F. ft 1., c . .
C. S., second pfd ;
Lol. t Hud
I. & R. CI., c..
Erie, c '
(i, H,eond pfd.
do first pfd . .
1;. .Northern, pfd.
Illinois Central .
Louis. & Nash.
Manhattan Ry. .
M. K. & T., c.
1 list illei s ....
Oil Lands
Mo Pac
National Iad. . .
N. Y Central . . .
Nor. & West, c . .
do. pfd
North American.
Nor Pac c
,Penn. llv . . .
W-rT, ,.('.
P. Steel Car,
Reading, c . .
en. I. & S.,
-f,- r.f.i
the! Rock Island.'
do. pfd. . .
., S.L .vS V., 2d
security dr. st ,,fVr
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I'll 'lVt! 71Vt
63 I 63 74
. . . j 1 : s 40 v.j
. . .ll23Si;124S
Co.! i4 1 jtf, u.
30 S
114S
I 1'S
1 71
1 1 6 S T 1 4 7
3 7
133'..
134S
10iS
1 .'! 7
3u
3 3 S
01
! 61114
106 i.
: 7i-2
I 80
63 ! 63 '-i
1 3 M S 1 1 4 0 Hi
123U,:l;'4L
l 4 1 ! ji r,
30 S! 2!S
1 ;
1 01
I 5 2 Wl
(Meant News by Loosest Leaied Wire.)
Pan Francisco, July If. Wheat
Spot price per cental: California club
and whits Australian, nominal; lower
grades of California, 11.40 rr 1.50 per
cental; northern club, $1.40 1.65 ;
bluestem, $ 1 .67 V4 1.70; do Russian
$1.60l.fl2 Vv
There was no change whatever to
day In local wheat conditions. The mar
ket was quiet, with sellers firm. The
receipts were 24.4HO centals and all
but 30 centals beingf from Washing
ton.
Iieeeniber barley was strong and
moved tin 1 V e per cental. The spot
market was practically unchanged and
quiet. Some No. 1 f eed sold at $130
per cental. The receipts were 3,o:i0
centals. Choice oats were firm, but
there was very llttlu trading. The re
ceipts were 2,005 centals and all from
the north.
No .beans arrived. The market has
been In good shape lately and firm.
The hay market presented signs of set
tling to lower prices and which may
be more pronounced ort Monday. Some
dealers quoted 50c lower per ton.
The feature of the flour market was
the arrival by the last steamer of 10.-
TiSO sacks of bran from Japan to ono
firm, the same that handled the prev
ious quantity from Hongkong. The
quality of the latest arrival from the
orient was suld to be much better.
'I he receipts of flour were C.7P8 bar
rels, including 1.24 1 barrels from the
east and 2,h3.' barrels from Washington.
There was said to be an Improved de
mand for leading feedstuff s. The re
ceipts of flour were 1,156 barrels and
all from interior mills.
Butter was without any prleo changes,
with extras steady and other creum-
ery good and weak. There was a
steady tone for packing stock. Eggs
were unchanged and firm for all grades.
New California cheese was t,2c per
pound lower for fancy flats and firsts.
the 1 losing firm at the decline. Young
Aiiiei icu. was weak.
Business In the fruit lino was gen
erally reported good locally and It was
shipping day for the north", with good
quantities of seasonable varieties for
Victoria and the pound. The late ar
rival of the river boats caused no lit
tle annoyance to the trade, especially
as much of the consignments would
have to be carried over until Monday
and then sold at lower prices. The
abseneo of fresh fruits from the river
uihiticis in the early part of the day
however, afforded an opportunity to
work off a good part of the old stocks.
As a rule vegetable prices varied hut
lit 1 1 o from those of the preceding day.
Potatoes and onions were weak, also
tomatoes anil cucumbers. Hay green
u-.ri iiikiii'i, tieing fmtHiiv con
trolled by those who had purchased
In the countrv. Oreen peas were firm
er and choice. String Leans were well
sustained In price.
J.nt a
Shown
Fraction
Change
Friday :
and Saturday's Session.
CHICAGO WHBAT
July
Sept.
I ec.
May
Open.
. 0
. VI
. 03
. U7S
Close.
Hi'S
o
02 ',
117'
MARKET.
July 17. Loss,
80
2t
7
Wire.)
effect rf res.
business was
(United I-reea Leeer1
Chicago, July Hi. The
terday's heavy export
higher prices mportod from Liverpool
gave the opening tone to the Wheat mar- .
ket. Small world's shipment for the)
week were one of the reasons for onon-
Inn strength, with expectation of sta
tistics of the week's movement Monday
showing up bulllshly. Market con .
tinned to act turumr during the dav.
being sustained by knowledge of fton.1 ,
export dumand in addition to the larg
business uf the previous three days,,;.
Heavlnuss of primary western receipts)
was largely tho cause of resistance to '
further advance. At tho close prices'
nei.j substantially tho suno as y ester-
dav.
opening; In corn wan strong In sup
on with the higher prices for wheat,:
nit the oxcellont weather for the crop,
ve.ukeiied the more distant future, anil
some loosening- up ot September hold-
lags caused u retrograde movement In 1
thut delivery. Satnplu markets wars
jb ady with price) tho same as on th '
day pef,,re.
Higher opening In the other an In si .
had Its effect In inducing scalping pur-
lia.sj.us of oats at the same time, but'
the demand was not lasting and f lrm-
ss proved temporary. Reports front
this state were generally dlucouraglncf
ne to the crop prospect, but from other
sections tho outlook was Improved, by
recent rains.
Provisions opened sharply lower, but
prh es w. re only a poor sample of tha ;
weakness that underlay thd first hour's
c.i turn. letter t.'. selling; became gen
eral and buyers hard to find. Nothing
was changed in the general surround
ings but the price, but that was altered;
radically. Llverpoor reported 6A ad-'
vunce In short clears and hams, and 3d
advance In lard.
Cash sales: - w
Wheat -Winter No. 2 red, 91
2jc; No. 3 red. 90 '91c; 2 hard, 03VMl' '"
l'2c; No. 3 hard, oltfll'ja; sprinff
No. 1 northern, $1.17 LIS; No. 2
northern, il.ljiul.17; No. 3 spring",
11.02 1.12.
Corn No. 2 76(g76Vi:c; No. 2
"evswo tee; No. S, .5fe r7bc:
white, 77 ii 78c; No. 3 yellow, T i
No. 4, . 3 a t 4 'SC.
Oats No. 3 white, G7',4,l69c; No. 4
white, 57fl5Sc.
yellow.
NO. 3
1
19S
' 1 '2
If s
70S
:S
pfd 2ti
St. L. .t S. V.
IS
10 i
do. pfd 1
So. Pac.. c I !i(.H, J.J , o 'A
do, pfd ;
So. lly.. c i
d". pfd I 4'i. 46U- 41
Texac ,t Pac ...I 24".; 24S: 24'.
T.. St. L & W.. c1
do. pfd
Prion Pac.. e... 149 lai'S 149S
do, f ! d ;
1'. S. Hublier, c. . I j
I.'. S. Steel Co., c 4 2 4 1 ', 2
do, pfd :U'7S iosS'io7s
Waba.'h, c US 12 S 11 S
h". I f'! 2"! I 2-.iv :,
W. V Te! 1 55',' 55 S 55'.
Wis. ' "en., c . . . . ITS 1 ' 1 '
W estlng'lQ'ISe 5 S ).'! f,V
tl'l
116'.
19S
71 S
IBS
29 S
2 0
I 43
10
! 30
, tUS
' 17S
, 4'i
: 24',
I 21',.
' 47'4
:
27 S
4 4 '-;
1 e H ',
1 2 S
We're Extravagant Meat-Enters.
From the Philadelphia Public Ledger
The average American looks with con
tempt upon the elaborate menu of tha
French housewife, with its "courses"
of eggs and vegetables and occasional
scanty pickings of meat, with seldom a
good, honest Joint. The French hous-wlf-t
would think our great masses of
........... vYrton-im, uul uaioarous.
lthu iiiii lernneij lu IllHIta niiirfi of lit
tle, to put variety and delicacy of
flavor above mere rpiantftv. to brln;?
taste to the service of the slender
purse. This Is not wnolly from choke;
It is partly from necessity. because
beef an1 mutton are not as cheap In
France as they have been with us. We
need not lose our advantages, but some
part. Ht least, of the remedy for high
rices it is well to seek In the direction
which they have been found in other
ountrles.
t'hiengt
&. Cooka
maraet
Co:
range, by Overbeclc
prl
I n
An Age of Kfgness.
From the Louisville Courier-Journal.
"Sir. 1.764 people were Injured In the
Unite,! states on last Fourth of July.'"
"Wlui t of It?"
"Doesn't that figure startle you?"
"Not a startle. I would have guessed
It at treble yo-ur statement." !
"Figures in all lines is gdttln' too
ilui-ned hlg; In this country."" 'Complained
the party of the first part as Vie moved
away. "not so you hafter k'll off half
the population to arouse a little passln'
interest."
Wheat
Julv
Sept. . . ,.
1 lec
May .. ...
Corn
Sept 1 )ec
Mav
Oats
8ept
Dec
Mav
Pork
July
Sept
Oct
Lard
Julv
Sept,
Oct
Ribs
July
Sept. ... .
Oct
Open. High. Low. Close.
.90S 9 OH 90S 90 -
. .91 S 91 S 90S 9014
..93 93 S 92S 927s
. .97S 92 14 97 97
..70S 70S 7DS TCtfcB
. .62S 62 i 61 S. 6U
, .61S 61S 60S 60S '
..43 V. 43, 42 43
..43 43 '4 43 4IH
..4554 45 14 44 45
. .Ib.'O 16V 0 1ih2 1570
..1000 HilO 1565 1680
,.1600 1610 1570 16S7 '
927
. 949 947 932 937
. 1(55 957 942 945 .
867
. 895 900 880 883
. 903 902 S87 890
New York Cotton Market.
(Furnished by Overbeck & Cooke Co.)
High. Low. Close. Jly. 17
Jan 909 906 906 906
Mar 907 904 904 908
July 940 935 934 941
Aug 934 932 932 931
Sept 931 931
Oct 931 387 928 927
Dec 915 911 911 911
Total sales, 374.500 shares.
I.lreriJool Wheat Market.
Liverpool July IS. Close:
Wheat July, 7s"S3; Sept., 7s44;
December, 7s4d.
Corn Sept. 5s7Sd.
,L ..... ... - J
cases, 59c; belled. Mils.. 53c: cases, 57c
a gal' lots of 250 gallons, lo less; oil
cake meal. $34 ton.
BENZINE 86 deg . cases, 19)50 per
gal, iron bbls. 12S' per gal.
TUKrti.Vl l.Axi- in cases, , ic jci nn.
wood bbls. 69c per gal.
WHITE IfcAP ion 101s. 1 c pei
lb; 600-lb lots, 8c H: less lots. v. "
WIRE NAILS present oasis. . .as.
boxes, 65c ad
days net cajh
WEEKLY STATE3I EM
OF NEW YOKK BANKS
Tork,
July l"
cash
No.
Fn patnti, $4
Mine Prices
and Reports
-,eat.
Par silver. bZ '
w y.irk July
London. 2 4 S '
N'fw Terk. July 1 Mtl mnrVt
Copper - La k 1 2 1 2 S c electro
lytic 1! llV: casting. llStic
Lead $4 4 p 4 45
T1n$29. 26021" 5"
1
New Tork. Julv 1 -BrUlih roliim
bta Copper nnrr.psn report tst Jan"
oprstlon shew n r profit r-.f $24,4 '"
ii j u r c'.i cii proo ir'i'in ! e n pouno
$4
$4 5;
Prsn.
$2 li
$27 50
$27
Pr
dtierw' tier- oil t'mothv.
1 v all' v fan -v 113013 5".
$ 1 2 &n rr; i 3 en.tern Orcoi.
1. J '. '' S 1 50: rWer $
G12. cheat. 1 1 1 G 1 2 .
Boston. July
Alloni 31
Atlantir . . 1 4 S
putte Coala . J?,S
Cl He. 1 li
8mnbv ?
rn leV
N d Con. . . IIS
Purmt 24
fkrnrti 1$
Trtnttr lb,
W-olvrtBe . . .1$J
tth )U
Olrou i
-'"PPr hll
Yukon . .
Plsek Mt
C Kly
Vlpplsplng
i A Aris
Adventure
.Ar-disn
rp Rrr
M"hwk
N Butte .
"D'lnrr
price
S
. s
7S
7S
111S
4
s
74S
A V,
:1!
4 55: exports. J Sugj i
1 graham. S . $4 4". who!
rv e. 6s $5 50 bals. J ?
M 1 1 LST1 ' FFS - Seillng price -,
12? middlings, $.in.5it. shorts.
2k 5''- chop. $21 .j i) per ton
1 PARI. KY Feed. $25 50. rolled
fci 2' 5". hrewlr.g. JT7
OATS -No. 1 white. $27.5'V gray
rr ton
HAY
W'llSPK-
o-dirfirv
$113 17".
grrIn. $1
alfalfa. I'T 10
Bnttrr, Bm aad Fonltry.
BCTTTR FAT Jiellvery f o. b pert
Und -Bweet creajii. 21 Sc. sour. J1VC
per lh
BVTTER Fitrs creamery. JS-. fa
ey. ord.r.arT, :;i-r. it. .re. l4r
EOlf R"rt fine v. candied. 24c; or
d;nTv ?3Sc
CIIFEnr. Tull cresm. rt. triplets
snd daisies. 14J14Sr Toun Amerl
csrs l'fl.ir
h'lT.TRT - Mlxd ''Irhetn. i:vc lb;
fsncv hens ;S1V rooster old.
e lh. fri ers. I d S - bro11rs. 1 1 i
lIHe lh: rs. srlns. He; tur
keys. al!r. lTr spr nB H ick, 1 1 A 1 tc
lb, P'or, $1 dot; dressed ioultry,
1 6 1 Hf lb hither
op. Wool aad Kite.
Mors 107 crop. firt prtms. c;
prtjoa, e; isedlum to prima, Igtc;
lilt K Imperial Japan No. 1. 6c
- 5 ', ty r, N'-w t'rlcans, head,
AJax. i i . Cre. I... 5 c
BEANS -Smai; white. $4 75; large
white. $4 75; pink. $35; bayou, $3.85;
Lima a. $5 5; Mexican reds, i (.
Meats. rth snd Provisions.
I'RFSSKH MEATS Front street
Hogs, fHt" v, 7 S 'm rc lb. ordinary, 7c,
!vi, ' . veal extra. ( d S c per th;
rdlniry. 7 7 S' per lb. heavy, 7c per
io, mu'ton. fancy, s -.j SSc per ib; sprlne
;v"ih.
HAMS BKCi'S. ETt" Tortland pack
local i t.an-.s. lo to r: ins. isi,f per Ib
breakfast bacon. 15Ij23c per II. picnics
ttage toll, l.v :ti; regular
tucked, i;c per lb. backs.
t , smokfd short clears,
ar bellies, smoked. lJitr lb;
fr lh. pickled tongues.
New
ntent :
Members' dally
29.12 per cent.
Reserve
Less V. 8
Loans
Specie
Legal tender
Peposlts
Circulation
Members' actual
per cent.
Reserve
do less T". S
Loans
Specie
Legal tender
I'eposits
Circulation
Non-members :
Loans
Specie
I, .gal t-nl. rs ...
Total deposits
I 'ecrease
Total deposits. '
banks and trust compa'
c! t ' I decrea se i $ " M !
reserve on deposit imc
!VrcntagM of legal
36 3 0 per cent
-Rank state-
Weekly Report
of Wheat Crop
reserve average
Increase. ;
$ 5.675.150
5.0.16,5 7 5 I
S. 975. 500
8. 671. .",00
1.431,7"Oi
17.71 3,0(1(1
169.40i)
l reserve 29.03 I
During the past week the entire in
land empire was visited by heavy show
ers. While some silent d, image was
done ripened wheat, most of the grow ing
crop was i enefitci, epc - -: -1 1 1 thei
spring sowing. Harvest t 1 1. : :ia are;
most . r.cou ra c i r.p. l.r.v . ti.rv
come from sections , at vv . e sa ! 1 to
have had i i i:. d fp-!.' s. : ,! - . .-V. '
'UK'. id ' Ol !!:. ,.f .'" ! . -' ':-'..: 10
tli acre arc s;u,u u !:, ,s . , li ),! i
,d
ii'ii
Hi'in'M Amciiian.
r
7 5 ;
1.'6 37
1.422.32
S. '.79. ooo
3.901.800 i
1 . 2 1 . 6 0 (1 .
13,320 1 oo ,
141. 1"0 :
2 ..TOO ' i
2-.MI0 ,
i:4.in(i ;
5.342,200 i
of
P
m i na t In g
s in New
' ' ' ' , ST r;
:cof. :
tf uders
other '
York
Un l,:s fli st v s;i
rniau ii:.ic...:,o
kinsn,.iri ia
.-.i .'.irpr'-e v
i r r i a 1 I,.' s m
li'.'iiisi'h.'. t.
hlcl TO'WSSt 'I !.
v n the exai : ; ' :
- r s made c ,t ..
II ot! ers vv. kc
He w a.- : , !
, ;j. vv r.
a n k. h ,t t)
pay,
., denies m r 1 1
, st pe.'P'"
." t v ' A not' 1 ;:
it ir that da '.
! i were 1 1 r k : 1 c.v .
t l'
I I
COJTDEHrSElJ RXFOHT OF
The United States National Bank
Submitted to the Comptroller of the Currency
JTJX.T 15, 1903.
at the close of business
ASSETS.
Loans and discounts.,
t'. S bopds to secure c!
rulatlon
TiTABTTiTTDSa.
I". S
and
B nk
Hi"
hn ul
Cash
and
prem
fei:id
front
ter bonis
164.641"
;i.'i.46x
1 0
$3,8S8.73!.19
500.000.00
910.181. OS
125,000.00
3,678,108.53
Capital
Surplus
profits
Circulation
Dividends
Due to
banks . . $2.0
Individual
deposits 5.5
and undivided
unpaid . .
9.037
. B00.009.-W
496.827.17
47,4OOJ)0
1,346.90
38
.410. !3 7.61S.44S.19
$9. 102. 021. SS
$9,102,021.8
Attest correct: J. C, AINSWOUTH. President.
laid
v'.'3.':oo
reserv e
Ib. c
leflrf
1 lc per
short c
HTl' ked 1 7
1 2 V lh. cl
shoulders, 12
70e each
l.'H'AI. LA H D K.mt laf. 10s. 1Sp
per in. as. !..- r IP. fn lb tins.
1 3 S r Pr Ib, steam rendered. 1 ns ljc
per lh. fs ):", per lb, compound. 10s,
FISH- Rock rod. IJijc b. flounders,
6c p r lb. halibut. 6c per lb. striped
bas 15c p.r lh rmflsh, lie per lh; sal
mon, rhlnnok. 9c lb; hluebarks Sr lb:
steelhesd. c Ib. herrings 6c lb; soles.
7c per lb. shrimp l'1" per lb perrh.
4c per lh- tomeod. 11c per lb. lobsters.
I5r j.r lh. fresh markere?. fir pr ib,
crawfish, per rnir.n. -,i-geo-i. 12H--
pr lh. Msrk ba Jr .r lh silver
smelt. 7c pr lh. b'ark -.',. 7 r lb:
r-sb 11 t"l(il S" don. shad. 2Sr. TO
shsd c rb6 ro I2r lh
OTfTEH.o Phoalwater Rav pr fal
Inn. 12 6ft. fr HO Ib sark. $ eo: O'vm
r la. per fallon $2 4i. tr ln lh aark.
lnrVQff, Kag't canned. ran. IT 00
dsrn; easterw in shall. $1 76 rr 1""
n.AMU -f4rrahHl. rr box. $140:
sor dsm. $1 aft r bn. 10r pr dos.
rsat Coal. OU. Xte.
RirE Pure Mantis. 12e. standard
11 Vi sisal Uc, L B. slaai Hc
USUU OO. Raw. bbU, Ma,
Hogs ,re
Chicago. Jul;, 1
Hogs
Chicago ... 1 .
Karsaa City . 2 mid
(imaha 6.0no
Ixiwcr.
. 'ffi -'sl ri:
' Uttle.
2 ..oo
5. "00
600
s.i Id h.
-.a 1
a 1
S heep
1 '."'"I
3 oca I
500
Hogs --St rop g I.rft nvr vest
fi (.oo P.eceipta year ngo. ;i.a0.
no. pvy o'7 11..1
6 65 ligh, ,-, jo f, ol
attle. stendv. ahen steady.
HogS Closed ?r l WT
$ 40 a :
$6 35 $
erd a y.
M 1 x d
rough
pail
. as)
1 and
tls '
the i Jern,an ex
e,1
l.T
r. k.
re 1 1
' , ro s
S. (itirmtment Honrta.
York. July IS - d,n'trrmert
New
bonds
Twos. ry'tered
do cojpn
(Threes, reslatere-l
do rcup.'.n
P-nall bonds
Fours, registered
do coupon ....
Twos. Panama .
on ' 1 ne t
so o',.he,
ford "
The ta.
the girl
ot Slang.
...... i' ,.,k" a
. '1 ' V; j.ii "
S . - T e , e 1
: ! at S' e ti
hr:
! 1 n be t h w 4
i t- .itTle-1 si 1 caile 1 .
TO THE PUBLIC.
1
wish to state that I am tint now nor have I been
Fince the date of absorption ot the (Jregon Trust
ci Sa'inp. liank, conriec.eti in any capacity with the
ierman-Anierican r.avk ..f thi city, either as of
ficer, director or snvkhoMcr. am! I would ask that
a!l comHninicaiions relative to the business of the
bank be addressee to its .officers or to the'bank
direct instead of to me; also that all communica
tions relative to the h:itries.s of the Oregon Trust &
avinp li.irk
receive' ns'ri
louk j.
in i:ijti:.13th
of to i.e.
n. be addressed to the
WILDE.
ltU H
l...tS
1 no
,o,m4
l''i
llni
12Ii
OO. Raw.
f"hlc4fo
Chlrao. J.iij
ur rhanrd .
extras. Jlr .
Butler Market.
l. -Putter and
bitter, eitrss. 11 r,
flrata 1 S
1"4
1 01
l.."
M
111 ',
Vv h .
:i r t h r r
t '
h'-
Th
plr.."!-.
boo
wa
:n -t
and
t-t
Pari Wheat n1
Paris. July It. Whs.
Floor,
lie tlbr,
.on
'"ffrw h S ft V
P-adrJsw or T
TT,1 ffVTr..; mi;
Short bef-"' N cr'tfr
'c I m awf jily
rrt-rae it a nic tc 1
da ik.h'era. as i Vrm
coins the- srlvtes tf mre
xor got ur
b
Mr
1
,a
by aell'ni
r lr-r.li '
T.'Wrh Of
Tier, b t r'-
. hal a I h'
Amaricsjis b-
Overbeck & Cooke Co.
Commission Hercbasls, Stocks. Bonds. CcUon. Grain, tte.
, 216-217 BOARD OF TRADE BUILDINO
Membert Chicago Besrd of Trtde, Corrti-voodenti 4 Lcfia ft Erjrtn,
Chkago, Nw Voik. Boston.
V hart the em'y private wire cocectiii( Pojtland with tb MJtrra
exchafrs, . 1,
MEM BER8 PORTLAND BOAJm OF THATF-