The Oregon daily journal., July 26, 1908, Page 24, Image 24

.
THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING, JULY tt. "1808
o
WEEKLY REVIEW
FIN AN C
OF
WHEAT MARKET
IS BIG WONDER
Much Greater Strength Is
Shown Than Anticipated
by Buyers or Sellers.
SEIHIT IS
NEW PORTLAND WHEAT TO BREAK
RON TO COVER
EARLY III DAY
c
Those Who Fail to Get Ad
vance Tip on Tuft's Speech
Are Rrowned to Turn.
terior centers at n even greater rate
than previous, while the large dlahurs
ment of treasury funds to meet ttin
annual appropriations, no longer IHi,k
offset by drafts on the public di'pisit
monsy, nave added heavily to thu bal
ance of local banks.
Range of New York prices furnished
hy Orerbeek A Cooke Co;
HOGS-SHEEP
COM SLOWLY
Hotter Tone Noted in Both
J j'ims With So Slight
Advance in Values.
ALL RECORDS FOR PRODUCTION
SHOWING CHANGE
81 WB
84 B
Board of Trad Prloas.
Sept Dec.
Monday 81B
Tuesday 82B
Wednesday SOB
Thursday 80B
Friday 84B
Saturday 83B
84
84
84
By llyman II. Cohen.
The great strength of raw wheat fa
the wonder of the buyers aa well a the
pioducers. Purine the past week ther
w.-8 a very firm tone for both cash and
fiHure delivery In the Jooal marke;, but
even at mean rigures me i uvera rinu
the growers are not over Anxious ro
let go.
On the Ipoal board of trade there wrs
a disposition to bid up oar'y dollvenri
of wheat even at the start of the week.
On Monday club wheat Tor September
oe.'ivery made nn advance or iv in Tie
bid at Rio a bushel while the deferred
option I December), lost 1c, wlt.i -.IVic
bid during the day.
While there was even a elurp-r R.iln
In the December option than in Sep
tember on Tuesday and on Wednesday
the early delivery losing -c :i bushel
with the attempt of the trade to stem
the bullish tide, the market showed a
sharp advance on Friday, recovering
not only ihe former los.i 'ut ma'.cing an
other net gain of 2c a bui.i:l over the
previous high price of the week. Yes
terday of course there was seme reac
tion due and September cluu closed at
8.1c a bushel bid, a net ran of 3c a
bushel for the week In t lie offer J
price.
However, while the bid price was
higher than previous offri'irs, It
scarcely reflected the full strn-jt'i of
the market, for but a small arooun. of
wheat could be obtained at the prices
bid: At the close of the week thaie
was a disposition among ootr.l of trade
sellers to ask 8 7c for Seair; i'-T and
none rouM b sauureil unJer tills bais.
Boom In Cash Wheat.
While a very liberal advance was
shown In t lie price of fut'J-vn in ;,e
board of trade, the cash whc.i" situi
tlon was tlie firmest during the past
week In fact the past veiks opera
lions were the firmest of any -:lmilnr
period at the start' of the season for
several years.
While there was but a nomli-nl trado
In cas.'i wheat at the start of h3 week
buyers were eagerly blddl ig y2c for
club on Monday and gradually they ad
vanced their prioa until yesterday at
some points In the interior they were
treely ofrerlng 84 and xbc tor ciuli lasts
Portland delivery within the next few
weeks. Quite a .fair bunch of wheat
was purchased ny export .ireti .3 nuiim;
the week and prices paid wore g.?parally
tUp top.
While there lias been a disposition
anions exporters to talk lower prices, it
Is-a noticeable fact that nuns jf :nem
really believe the market is -oln;r down
very fast because their sales were nil
made around the present lop figurtt.
The advanced values have not stopi ed
foreigners from buying thir r.irly le
quirements and in anticipation -if this a
number of ships were couriered to
carry grain to Europe during the ran
few weeks.
Outlook for Flour Market.
With an unusually high price at the
start of the season for wheat, con.ll
tlons are not of the best from a mill
lug point of view. It Is generally the
rule for new crop to open from 20 to
3"c a barrel under the quotations ruling
on old crop make, but with cha price
of new wheat as at present op- r.ins
values will he Just as high ss at pres
ent. If not higher. With this belief in
view there has been a disposition among
some of the larger buyers to purchase
quite liberally of old flour during re
cent days.
As far as export business Is con
cerned, millers are all at sea. They are
not disposed to offer stocks under $3.50
and 13.80 a barrel, while the oriental
buyer believes that a lower price should
rule. With old crop flour at this same
range the oriental buyer who still has a
little ready cash, has recently pur
chased a fair block of old flour for
July-August loading.
What About ths Mlllfasds?
Interests on the buying side have re
cently talked of lower prices for mill
feeds, but Just how they are going to
get the reeds at any price not alone at
a decline is a mystery to makers.
With practically no export demand In
sight and feed sunnlles mo small that
millers are almost ashamed to ask any
higher prices, the situation In mlll-
stuffs is the firmest ever noted in the
Pacirio northwest and unless conditions
In export flour trade show a radical
change for the better there's no tell
ing how high stuffs will go during the
coming crop vear.
New hay that has arrived here thus
far has generally been In very poor
condition because of the sweat and
buyers in general are not making of
fers for supplies until thev know thev
will be able to secure first-class de
livery. While the future grain department of
the Portland board of trade has re
ceived practlcallv nil the attention of
late, the cash department will receive
more In the future and a number of ad
ditional tnbles have been ordered for
the samples by Secretary- Muller. who
states that the demand Is already
greater than the supply. During the
past few days a large number of appli
cations for membership have been re
ceived hv the board from various points
on the Pacific coast.
Invigorating Rains and Lib
eral Receipts Put Chicago
Wheat Lower.
World's Whaavt Prices.
Sept.
Portland
Chicago ,
New York
Minneapolis
Bt. Louis
Kansas City
83 B
90, B
K9 4
K9 4
85
Winnipeg: X9"!4B
Duluth 89 B
Liverpool 7s 4id
December.
CHICAGO WHEAT MARKET.
Open. Close. July 24. Loss.
July 904 S0U 91B J
September ...90 vn 9IA
December ...92 92 4 B 93 A
May 9H 4 97 4A
fltnited I'resa Lcaawl Wire. I
Chicago, July 25. Invigorating rains
Hi tho northwest ana nuerai receipts
of new grain of fine quality caused n
cnange or sentiment in wueai touay.
Floor traders who have been bullish
on wheat of Jato Joined in a rusli to
sell out their lines on the opening and
the demand was not sufficient to pre
vent a lowering of prices. The bulk
of the crop is now nearly ready toi cut
and It will not on many aavs uemio
the Dressure of offering from the north
west will be added to the weight of
the winter wheat. There was some ae
Fresslon In the market near the end
ruin the report of only 11 loads nt
the day's export takings. Liverpool
was Sid lower.
Corn was dull but held steady, In
snlte of the decllno In oats. The con
gested state of the September delivery
exerted a restraining lnnuence upon
selling, though sentiment in regard to
the deferred futures was more or less
bearish on account of fine weather for
the crop and Indications of inrge yields
If present prospects are realized. Liv
erpool cables were" 4d lower.
"The natural corner" In oats came
to a Sudden and timely end today.
Prospects for a run of new oats within
the immediate future officially silenced
talk of scarcity. Prices slumped violently
and a good many eleventh hour bulls
had things to say about their luck that
need not be repeated. The pit was
flooded with offers and the suppqrt was
extremely frail. Over on the cash side,
prices were even sicker than in the pit.
Provisions were neglected but prices
were firmly held. Scalpers were try
ing to cpver their short sales and even
tip for the week and there was some
scattered Duying oy commission nouses.
Offerings were exceedingly light. Cash
Winter wheat No. 2 red, 91T4. ijj92e;
No. 2 red. 9092c: No. 2 hard, 93W
944c; No. 2 hard, 9293c. Spring No. 1
northern. $1.18; No. 2 northern, $1.16;
No. S spring, $1.051.10.
Corn No. 3, 77 4 r77 He; No. 3 yel
low. 78 4 a 79c; No. 4. 75c.
Oats No. 2, white, 57(f60c; No. 3.
white. 5S'q'61c; No. 4. white, 67fi60V.e.
Mi nil' 3fc sr. - s- "M hi
m V- it m mi 4w3&mwM hi)
r w'' W;
DESCRIPTION.
Amal. Cop. Co..
Am. C. & F. c. .
do pfd
This is a life-size picture of Portland wheat and it's easy to see what
wonders it will create when generally introduced among the Pacific
northwest grain producers.
Range of Chicago prices furnished by
Overheck & Cooke Co.:
July
Sept.
Dec.
May
Sept
Dec.
May
Sept.
Dec.
May
Sept.
Oct. ,
Jan.
Sept.
Oct. .
Sept.
Oct. .
Jan. .
WHEAT.
Open. High. Low. Close
. .9(14 91 9114 90 B
. .P0 9H4 90 li 90 B
. .92 H 93 92 '4 9 2 II
,.96 97 9Gs 96
CORN.
. .76'i 77 764 76H
, .fil"4j 62 fil 62
.61 61H 60t 60 Ts
OATS.
.45 45 H 43U 44H
.44 44i 43H 43H
.46 46 45v. 45H
PORK.
.1547 1665 1547 1565
.1552 1 6(55 1 662 1565B
.1630 1630 1625 1627
LARD.
. 920 927 920 927B
. 930 935 927 926B
RIBS.
. S67 872 867 872
. 880 882 877 8S2
. 830 830 825 827
A new wheat grown for the first time
In this country this season and named
after this city will yield an average of
anout d'l bushels tu the a.rc In the
Pacific northwest.
The new wheat Is of the bearded va
riety and at first glance nine out of
ten grain people would say that it was
barley. On second glance they would
come to the conclusion that the sam
ple was oats and scarcely any one
would believe it was wheat until after
a thorough examination.
Portkuid wheat somewhat resembles
the club variety lifter being harvested
only the kernels are larger, plumper
and much heavier. The samples shown
In the 1 rintcd picture are rully twice
the size of the ordinary club variety.
Most Interesting is the story of this
new wheat which will be more thor
oughly Introduced into the Pacific
northwest during the coming season.
Ilruce C. Van Voorhis, a salesman for
the Portland Flouring Mills company,
and residing near Woodlawn in the
northwest portion of the citv, received
the wheat from a friend while at Til
lamook. This happened less than a
year ago. Mr. Van Voorhis explains
tho circumstance this way:
"I met n friend of mine. M. W. Hunt
no relation to the head miller of the
Portland Flouring Mills Co.) at Tilla
mook and knowing that I was interested
In wheat he gave mo a teaspoonftil of
the weed which upon being sown
brought about two quarts of the seed.
He said the seed came from the ruins
of Pompeii and I suppose it was grow
ing wild there In tho lava herta r
planted the seed in March of this year
at the rear of my " residence and it'haa
done well and 1 intend to raise more
seed for the coming year. The wheat is
of the seven-header! variety."
The samples exhibited hy Mr. Van
Voorhis created much favorable com
ment among those who viewed It and
all agree that if It is sown here the
wheat yield of the threo Pacific north
west states will ne doubled.
Rv Thomas C. Shotwell.
IHparat Nfi liy lxinjEcat (.runrd Wire.)
New York, July 2.,. rnfortunate
traders who did nut get udvauce copies
of Judge Taft's speech of acceptance
until today were badly twisted In the
stock market when they took flight and
began to sell. They discovered that the
big politicians nnd bankers had already
discounted whatever bearish arguments
there might be In the address. Belling
of the previous day had created a weak
short Interest which ran to cover quick
ly today after the first few minutes
of trading. In the last hour stocks bo
camii absolutely buoyant and net gains
of from one to three points were ro
enrrio,i aa result of the day's transac
tions. The advance was helped by the
announcement that the Calumet &
liecla company had increased the price
of copper Vc a pound. This sent
Hmelters up two points nnd Amalga
mated and Anaconda were purchased
furiously. Although denlnl was made
at E. H. Harrlinan s orrico on fnuay
night that he Intended to go away from
Wall street It was officially announced
today that he had planned to make a
trip of Inspection of tho Union Paclflo
railroad about August 1. mere nas
been heavy selling of active stocks in
behalf of the Harrlinan followers and
tho announcement that William Rocke
feller will also go away from here leads
the professionals to believe that what
ever It was too nianuuru v
to accomplish in the stock market It
lias been done. A very irregumi umi :.
is therefore expected after this week.
History teaches that stocks advance
during August if crops are in fair con
dition, and they are In more than aver
age good shape this year. Because of
this many oldtlmers look for a con
tinued advance for the next five weeks.
These persons, however, do not seem to
realize that siockb ma ""'
price that only complete reaumimuu
could Justify.
Great stores of money have been ac
cumulated in the banking centers of the
or,H mrtniv miflrht not to rise
above six per cent at any period of the
crop movement season. J. no
ergency currency can bo Issued wltn
profit in Wall street as soon as the
rate crosses five per cent. The bank
statement of today showed a runner
increase in surplus reserve. It Is almost
Impossible for small business men to
get money with which to undertake new
enterprises or resume old ones, but
there is an abundance of cash for stock
market purposes and big trusts are able
to resume operations with an abundant
supply of cash and credit in tho banks.
Resumption of steel mills and iron
furnaces In the Pittsburg district has
discounted any fear caused by possible
tariff revision. The heavy shrinkage
of government revenues will make dras
tic revision impossible so that tho steel
trust's stock is Ignoring this feature
a v,.v Blt tiotlnn.
Persistent manipulation -of the copper
stocks and the metal continues. Mys
for v of Where the metal produced is go
ng to has not yet been solved, but It
does not seem to be in the hands of the
American consumers.
Am. Cot. Oil. c. .
Am. Loco, c
Am. Sugar, c. . . .
Am Smelt, c. . . .
do pfd
Anaconda M. Co
Am, Wool, c
Atchison, c
do pfd
Ti. & O. c
Br. Ran. Tran. . .
Can. Pacific, 0. . .
Cent. Leather, r
C. (i W., c . .
C. M. A: St. P
O. A N.-W. c
C. A O
Col. F. A I. a. . .
Col. Southern, o. .
do second pfd
do first pfd.
Del. & Hud. .
Erie, c
do second pfd
do first pfd.
Q. N., pfd
Illinois Central,
louis A Nash.,
M. C. Ry
M. K. & T.. o..
do pfd
Distillers
Ore Lands
Mo. Pacific
National Lead . .
N. Y. Central ..
N. Y., O. A W...
X. & W.. e
do preferred . .
Nor. A merican . .
Nor. Pacific, c . ..
Van. M. H. Co
Penn. Ry
P. O.. L. A C. Co.
P. S c . . .
Reading, e
do 1st pfd
R. 8. A I., 0
do preferred. .
Rock Isl., e.
do preferred . .
S. L. & S. F.; 2 p
8. L. & B. W
80. Pao., o . .
do, pfd . .
So. Ry., o .
do, pfd . .
Tex. A Pac.
T.. St. L. A VT..F
no, prei
Union Pao., a. .
do, pfd
t. S. Rubber, c
V. 8. Steel Co., c
do, prd . . . .
Wabasn, c ...
do, pfd ....
W. U. Tel. . . .
Wis. Con., 0 .
do. nfd ....
W., Lake Erie.
Westlnghouse .. 7S
T3Tn
ft
7:t
39V 3Si, .nil,
I ,lu2
I I n
63 521-,!
133'il31,!l.12
K 7 V I S4' 7
10S 107 1 0 7 ,
41 1 U 46
!. ...I 234
8'4j 871 86 S74
! 92
93 U I 91 I 92 7,
52 t -141 5 2 1,
189 V. lt.v "!16'.l
27 I 1 271,;
62 62
166 167 4
114 22
'87" 39'
1.15 136H
18 1424
1 oa i09
so ni
8o 364
63 65 4
64 65
804 714
107 4 108 4
44Vj 424
ItV. .al
13S1 tl V.
K7 4 il 5 ,
42V 43
31V 3 2 '4 I
PORTLAND LIVESTOCK MARKET.
Ib'gs. Cattle. Sheep,
Past week I'HI 1,414 1.943
i-revioua ween .. 4si 1,004
if"? no i,H7
I'ooi 17",
19u6 35
327
600
6.619
1,663
1,124
4.205
By Hvman 11. Cohen.
Portland I'nlon Stockyards, July 25.
(Itnerally speaking this was a week of
very abort supplies In the local live-,
stock market. M he principal decrease
L 167
4i 22
r. a 1
S9Hi 16
in -4
96
33
117
83
20 '4
734
174
24
27
37 ; 38
134 VI 36 '-4
139 1142 4
108;109
14
30 3H4
6 3
35Hi 3tiU
63 6.r,
64 1 66
69 41 71
107i loV
!!&
I 80
66'4 66
1394i14'IJ,
4i 26
124T4!1Z4 124
964 96 ; 96
33 32 ! 324
1 1 8 1 1 6 4 1 1 8 4
82 81 41 81 4
20 Vi! 21
17J
324
26
17 4
91
18 Ti
234
60
162
83
28
44
107
12
25
66
20
174
93 4
194
23
60
164
834
28
45
1084
124
264
66 4
21
784
31l 324 I was In the run of sheep which showed
total arrivals of 1,940 head, compare
with 6,619 head a week ago. However,!
as compared with last year's arrivals
for the cm rent week at 1,852 head. tl '
receipts of the past six days were not,'
so bad after all. The sheep market
was firmer In consenunce of thor '
smaller run, and for wethers the prie )
Is advanced 26o over the figures which. ',
ruled a week ago. It looks as if thai
hlv rilll rf sheen la ,,vor fnr tea m.iamnn i
nt least, for about this time In pre
lous years the sheep run begins to SHOW.!
signs of fatigue. "r
jromlnal Ron of Hog's Shown.
But a nominal run of hogs was shown )
In the local vards during the past six!,
days, and even after showing an ad-:
vance of 25c in Blockers, the entire mar-e.
ket Is firmer. Arrivals for the weedt
totaled 261 head, compared with 486 a J'
week ago. 180 a vein agiT. 275 111 1901, '
and a nominal .15 bend for the entlra !'
week compared to this In 1905. Whllfli
packers are not vet willing to pay any''
advance fur ho's. t iey are very eager to
buy. and a small siege of arrivals as ;
had been doled out tu them tho past , '
week, combined with the hot weather
in the east, which makes niirh Imnns- 1
' slbie the bringing of Nebraska hogs to ' -
v ,,aesi. tn an prouaoillty
force them to r-av more In order to en-i
courage shlpmer.ts.
Run of cattle was so liberal In thi '
yards during the past week that It was (
with difficulty receivers upheld last 1
week's quotations. Despite the heavy'1
17
73
17 4
33 4
26
46
17
904 93
118 4
18
234
48
167
83
274
484
1074
12
25
66
20
73
194
48
Total sales, 28,500 shares.
Oil Decision Helps Market.
n nfted Press Leased Wlr.
v York July 25. The Important
N eWf .he'week In financial markets
wsBthI decision P .blfshed by the cir-
sTandTrdll l L1 .5?
sure had previous to mm . .... - j
been verv strong and in all llkfl nooa
would have given
I". S. Government Bonds.
New York July 25. Government
bonds:
' Bid.
103
10.1
100
1 00
100 4
120'4
1224
102
Twos, registered .
do coupon
Threes, registered
do copuon
Small bonds
Fours, registered
do coupon . . . .
Twos, Panama . .
Ask.
104 4
104 4
100
101 V,
a good account of
Hut a very
in size the new Portland wheat Is I ,,hm,r this help
tTthe forces ni--Vyworkingfor higher
prices. In all respects the verdict is
ThM a"l,l,!no'";iJSnT I powerful 'addition was thereby furnished
inches in each direction.
FROM STREET REVIEW'S.
of
Brief Mention of Many Lines
Trade for the Past Sit Dars.
Dressed meats show a slightly weak
er tone but values are unchanged for
nest stun
Hon market was quiet but steady
during the week Prices unchanged.
Run of steelhead salmon In the Co
lumbia is the heaviest on record, al
though a smaller number of Chinook
are reported.
Announcement of the Pacific Cn
Condensed Milk company that the prl e
of Carnation would be put bark to 4 05
the same price as previous to the
wr cur. nas excited considerable at
tention from the trade. Unable to sup
ply tbs demand, say the makers.
Kgg market was firmer and then
eastsr during the week with first
depress nd then Increase In arrivals.
Eastern stock becoming quite plentiful,
too
Chicken market shows a sharp ad
van for the week the rise occurring
during the first few days. Later Jn
the ek the tone bertmi heavier with
some of the larger buyers out of the
.in.
Chees Is much firmer with most
sliers asking 14c a pnun-1 for small
ioxnnt flata, triplets and daisies.
Creamery batter market Is holding
Its own with decreasing surpllea. Ab
Jnc of outside demand Is ths only bad
fee'ure of ths market.
V'chrn ram mn rant anting the past
lhat rW went down very ast
riums sre haM to sell at any price
bjau of tn giat cf ohr frails. 1
trabrry seaaoa U about otot aad
quotations are nominal. Raspberries
are holding steady but logans are hard
to move except for most select quality.
Local tomatoes are in somewhat more
liberal supply and quality Is much bet
ter than California arrivals. Price ex
pected to show quite a drop the coming
week.
Market for new potatoes Is holding
quite well with best quality selling in
a Jobbing way along Front street from
SI to $1.60.
Cherry market is glutted with poor
?uality and this hurts the sale of best
rtilt to some extent.
Kront street sells at the following
prices. Those paid shippers are less
regular commissions:
Grain, Flour and Kay.
WHEAT Buying price, new Track,
Portland Club, 83864c, bluestem, 85$
86c; red. 81fl82c: Willamette valley,
S3 H 84c bushel.
FLOUR Selling price Eastern Ore-
fon patents, $4-85; straights, 14 05
55: exports. J3 .503.60: valley. 14.45;
graham. 4 s 4 .40; whole wheat, $4.65;
rye. 6s, $5 50; bales, $3.
MILLSTUFFS Selling pries Bran,
2: middlings, $30.60; shorts. $28(tf
28.50: chop, J21 0" 2 9 per ton.
BARLEY Feea. 125.60; roijea. 127. to
4f2S.60: brewing. $27.
OATS No. 1 white. J27.60; gray. $27
per ton.
HAY Producers' price Old tlmothv,
Willamette valley, fancy. $13013. GO;
ordinary, $I2.60ifl3; eastern Oregon,
$1617: mixed. $10010.50; clover. $8
if! 9; grain, $U12; cheat. $11; alfalfa,
$9 I
attar. Err and Foul try.
BUT'l Kit PAT Delivery f. o. b. Port
land Sweet cream. 23c; sour. 214c
per lb.
BUTTER Extra creamery. 25c: fan
cy. 23 4c; ordinary, 221sc; store, lt
17c.
EGOS Select fancy, canlled. 24c; or
dinary, 23 c.
CHEESE Full cream, fists, triplets
and daisies 1414 4 c; Young Ameri
cans. 16iil54c
POULTRY Mixed chickens. IJHc
lb; fancy hens, 13 4 014c; roosters, old.
9c lb; fryers. 10c; broilers. 18610c lb;
fees, spring. 100114c; turkeys, alive,
7c: spring ducks. 11 4 16c lb: pigeons.
IMS doc; dreised 'poultry, Iglvic lb
higher.
Xopa, Wool aad Sldsa.
HOPS 1 07 crop, first nrtme. Be:
prime. 44c: medium to prime, Qtc;
medium, 2Hc lb: ltO cror. iblUc lb!
contracts, 9 0 10c for threa year.
niML iub Willamette valley n
9 1 c
SHEEPSKINS Shearing. II 0 lie
each; short wool. 25040c; medium
wool, fftcefl each; long wool. lieQ
tl IS each.
MOHAIR HOT Nominal. leic
rwunc L'ry mom. lIHvllc lb;
J4.E0; pineapples. Hawaiian. $5 00 doa:
cantaloupes. $2.50 'if 2.75 ; apricots, 754.
hOc; blackberries. $1.50; peaches, 60
85c; pears, $.50Ti2; grapes, $1.75;
raspberries, 76c4i$l.O0; loganberries,
75c '.til. 00; cherries, Royal Ann,
S5c per lb; Lamberts and Blngs,
7 4 10c lb, watermelons, 14 6!lc
lb; currants, J1.50 crate.
ONION'S California. 1.261.60;
Walla Walla, $1.35: garlic, 15c lb.
POTATOES New, selling, 111.50;
buying, 80c a 90c per cwt.
APPLES New, 90c 11.
VEGETABLES-Turnips, new Oregon,
20c; beets. 20c; carrots, 11 60 sack;
parsnips. 8;,iii$l: eibbage. 11 75; toma
toes, $1.25(5 1.50 box; beans, 6 7c; cauli
flower, California, crate, I1.75iZj2.00
peas, Oregon, Sbbwoc
KM1 10c; artichokes, ) aoz; green
onions, 15c per doz; peppers, bell, Sc;
Chile, ( ); head lettuce, 25 80c dor;
cucumbers, hothouse, local, 60 76c dos;
radishes. 15c dox bunches; rhubarb,
Oregon. 24 n 3c; celery. 76c; asparagus,
California. 8fl9c lb: gooseberries. 6c;
eggplant. 124c; green corn. 40c dot.
Groceries, Hats, zto-
SL'GAR California Hawaiian Re
finery Cube, 16.60; powdered 16.45:
berry, $6.26; dry granulated. 16.25; XXX
granulated, $6.15, conf. A., 16.25; extra
B., 15.80; golden O., 16.30; D., yellow,
$6 55; beet granulated, 16.05; barrels,
15c; half barrels, 30c; boxes, 65c ad
vance on sack basis.
(Above prices are 30 days net cash
quotations.)
HONEY $3.60 per crate.
COFFEE Package brands. $16.50.
PA I.T Coarse Half ground, 100s.
$11.00 per ton; 60c. $11 60; table, dairy.
50s. $16.50; 10s. $16.00; balrs. $2 15;
Imported Liverpool, , 6fls. $20.00; 100s,
J19.00; 4s. $18.00; extra fine barrels.
2s, Ba and 10s, $4.605.50; Liverpool
lump rock, $20.50 per ton.
RICE Imperial Japas No. 1, 6c: No.
2, 6 45o; New Orleans, head, 7c;
Ajax, ( ); Creole, 6c.
BEANS Small white. 14.76; large
white, 14.75; fink, 13.85; bayou. 13.85;
Llmas, 15.86; Mexican reds. ( ).
Meats, Fish and Provisions.
DRESSED MEATS Front street
Hogs, fancy, 74c lb; ordinary. 7c;
large, 6c; veal extra, -SaSijc per lb;
ordinary, 774c per lb; heavy, 7c per
lb; mutton, fancy, 774c per lb; spring
lamb. 77c lb.
HAMS, BACON, ETC. Portland pack
he most decisive yet added to the pop
ular craze against corporations. IT H
is significant at all of the temper of
the judiciary generan. 11 '"";, ,
whether all the harassing and persecut
ing started under the Roosevelt regime
has not received Its death blow.
Meanwhile no week since the pan c
has brought such clear evidence as this
week has of reviving activity In trade
As vet the actual business volume has
not notablv increased, and while banK
clearings and returns of railway traffic
are making a better showing than they
were a little while ngo. this Is not the
wav In which Improvement is mainly
apparent. Tho more important proofs
at the moment are the starting up ot
Ills and factories ail over rue cumin
(local) hams. 10 to IS lbs. 17c Der lb
horseradish short clears smoked 13- . Th h.;u ' hours at plants wnicn nave o, ; .u
Dreagrast bacon .16Sf234e lb; picnics ""V thA resnn ntlon of full working
11c per lb; cottage roll. 12c lb; regular
Weekly Report
of Wheat Crop
smoked. 124c lb: smoked short ci ea rs
1340 lb; clear bellls. smoked. 13 4c lb;
shoulders, 12c per lb; pickled tongues,
70c each.
LOCAL LARD Kettle leaf, las, 14c
per lb; 6s. 14 4c per lb; 60-lb. tins.
13 4c per lb; steam rendered. 10s, 13c
per lb; 6s. 13 4c per lb; compound. 10s,
54c per lb.
FISH Rock cod, 12Vc lb; flounders.
6c per lb; halibut, 6c per lb; striped
bass, 15c per lb; catfish, 11c ppr lb; sal
mon, Chinook. 9c lb: bluebacks. 8c lb;
oieeineaa. e lb; herrings 5c lb, soles,
7c per lb; shrimp 10c per lb; perch,
6c per lb- tomeod, 11c per lb. lobsters.
26c per lb; fresh mackerel. 8c per lb;
crawfish, 20o per dozen: sturgeon. 124c
per lb; black bass 20c ner lh: ullver
smelt. 7c per lb; black cod. 7 4c lb; I
f.vuiffi.6u ooxen; shad. 2"c; roe
shsd 6c: shad roe. 12c lb
OYSTERS Shoalwater Ray. per gal
lon, 32.60; per 100-lb sack. 15.00; O vm
pla, per gallon. 2.40; per 100 lb sack.
$6.006 50; Eagle canned, 60c can. 17.00
dozen; eastern In shell, li 76 per 100
CLAMS Hardshell, per box. 2 40;
razor clams, 12.00 per box. 10c per doz
been running on part time. If a census
on the subect were possible, it would
undoubtedly be found that a larger em
ployment of labor exists at present than
at any period since last autumn. What
this testifies to. however. Is not so much
the increase of orders on. the books as
the growing confidence among business
men that active times are In store for
trade next autumn and winter.
For the fTrst time in a very long
while the money market has begun to
show some signs of returning activity.
Tills Is due not to any change In the
banking position. On the contrary, cur
rency has continued to flow in from in-
1 2 1 1,
1 2 3
102
Xew York Bank Statement.
New York, July 25. Bank statement
Average cash reserves, 29.35 per cent.
r..,,, Increase,
xteserves 9 -c-,
... o X in? son
6,23.1,10 1
Loans
Specie
Legals
Deposits .,.
Circulation .
6,447.300
584,000
12.975.000
68,200
best stuff at $4 all through the week,'
and it was the poorer stuff that did not'
wove so readily. Arrlvala-of rattle-fos I
the week were 1.415 had. compared. I
with 1.004 n week ago. 1,147 a year ago, ',
327 two years ago. ami 600 for this sartia'
week in 1905.
Wool Market Is Very Good.
While only a small number of trans
actions were reported In the wool mar
ket during the past six days, the tona 1
Is showing a wonderful improvement.
In the Willamette valley there are still
many scattered lots of small size, but
the lareer hits have mostlv been picked
up. although a few are still held back
because of unacceptable values. For
valley wools the trado is paying an ad
vance of 4c a pound and buyers ara
much more eager to purchase.
A year aro for this same week all
lines of livestock were holding better,
although there was no change fit values
during the entire week. '
Official stockvard prices today:
Hogs Rest stuff $6.506.75; block- '
ers and China fats. 16ff6.25; stockers
anil feeders, $5.25 ( 5.50. '
Cattle Best eastern Oregon steers,
$4; medium steers. $3.50 3.75: prime
fat cows. J3: medium cows, 12.50 2.75:
stags. !2.503; bulls. $2Jf'2 50.
Sheep Best wethers. $3.50; spHnjf
lambs. 14.60 r-i 4.75; straight ewes, $3
3.25; mixed lots, 13.25 ffi 3.50.
Liverpool Grain Market.
Liverpool, July 25. Close:
Wheat September, 7s44d; Decem
ber 7s 3 rid.
Corn September, 6s8d.
NORTHWEST WEATHER FORECAST
Oregon and Washington Sunday fair,
warmer near coast, northwest winds.
Idaho Sunday fair, warmer north
portion
During the past week no damage was
done the when crop of the Pa-lfc
northwest except in a few sections auj
then the lo nas only nominal. The
latest reports of the harvest confirm
previous reports to the effect tnsl
practically no damage was done by the
hit weather this summer and that tie
loss from last year s crop . the renult
of a very late spring.
Paints, Coal. Oil. Ztc
ROPE Pure Manila 1 il,,,!
11 4; sisal, 94c; I. B. sisal. Sic
LINSEED OIL Raw. bbls . 5lc;
cases. 59c; boiled, bbls.. 63c; cai(. 67c
a gal: lots of 250 gallons, lc ices, oil
cake meal, 134 ton.
BENZINE 86 deg . rases. 19c per
Mine Prices
and Reports
l!Iecll Pluplitrh ti The Joiirnl
Grants Pass, Or, July 2 5 .--There Is
a re Ival of mining operations, both
quartz and placer, in the old Steamboat
district on Applegate rlvtr It was In
thin district that the famous Fitter-
man pocket, from which over 510.000
1 in pure g.l ! was taken in a few weeks.
I was uncovered nail a rer.uiry uu. me
h strikes has
TI'RPE'TlVPln .. .i 1 caused a small siAinp"ne ni" in' 010
h hk:. ..... ' 1 ' ' ( district and it Is believed that at least
WHITP' ' -1- (200 men will be in the camp by the
lb; 600-lb lots. 8c lb: less lots Sie lh close of this montn. A njmDer or
WIRE NAILS Present basis, 12 85. I claims have been located, and much
j development work is being done on
REPORT OF THE CONDITION OF
s
I he German-American Ranlc
.merican
AT PORTLAND. IN THE STATE OF OREGON,
AT THE CLOSE OF BUSINESS JCLY 15. 1908.
SESOUBCmS.
Loans and discounts $293,435.07
Overdrafts. secured and
unsecured . 2.911.28
Bonds, securities, etc.... 96.270.00
Other real estate owned.. 6,250.00
Due from T. C. Devlin, re
ceiver O. T. & S. bank.. 192,752.04
Due from approved re
serve banks 10.266.02
Cash on hand 86,873.04
Total
.$687,727.43
LIABILITIES.
Capital stock paid in $287,400.00
surplus rund 29,910.98
Due to banks and bankers. 16,763.87
Individual deposits sub
ject to check 133.S09.10
Demand certificates of de
posit 20,093.40
Time certificates of de
posit 165.347.67
Certified checks 530.2Q
Cashier's checks outstand
ing . 1,446.03
bavings deposits 33,426.98
Total
.1687,737.43
State of Oregon, County of Multnomah, ss.:
I, Thomas C. Devlin, cashier of the above named bank do solemnly swear
that the above statement Is true to the best of my know ledge and blief
THOMAS C. DEVLIN. Cashier.
(SEAL)
Fubscrlbed and sworn to be- Correct Attest:
fore me this 23th day of July, I s G REED,
1?0S. A. B. MASON. OR ANPHEQLET.
notary .fublie. 1,
Directors.
Boston topper .Market.
(Furnished by overbeck a- i"ooke Co
Boston. July 2p Hid prices
Freewater. July 25 During an
electrical storm which passd over th'
section yesterday, the wheat field be
longing to Morris Wood ws str.irk by
lightning. The entire field of 300 acres
was burned, and l" acres adjoining,
which belonged to Walt Preston TO--Woods'
land is known aa the old Griffin
farm Mr. Wood said had It not ben
for the heavy rain his farm build
ings would have burned. Tha grain
was Insured
sTn, ffMHc; ealrea, green. H0c;
'C"i yc i; nun", grn sail, 40 16.
TALLOW Prims, par lb. I 4c: No.
I and rrwasa. leme.
CHITT1M BARK 1 9 .
r raits) aaa Yarstaalaa.
FREH mtlTH Oranges, 140J
4 11; bananaa. (ue vr lb; era 14. ;
lanoM, li,U6M boa; (rap fruit.
Pendlton. or., July IS. The wheat
ylelj of I'mstliia county Is running
just shout 1 bushels below ih
usual crop, so fr this yemr. Fields
ordinarily gno1 for from 40 to 60 bush
els ar ardog 19 bushels to the acre.
HowTr. th high prtc will brng the
farmrs' profits up to the u id atand
r1 , Rurlev is ieldlng rm.ch better
thsn wheat Much of th barley la
go eg as etch as Ti buahals U lb I
acra,
' " - . . ' " sa
Apex
Adventure . .
Butte Coaia.
Cal Ar:i
Centennial . .
1 "op Range .
Granby
Mohawk
No Butte . . .
"ild Dom. ..
Parrot
Qulncy
Tamarark
United
4 iWidvertne
Sup. ar Pitts
1H N'ippUs'ng
25 Cl- Hecla.
' ' 4 N'e ad . .
10n 1 ,-,. la
1 iShannon . . . .
7 Utah
J4lRovale
; (- "Fiv
V2 New hmiw
70 V..k Ti . . .
118
10
i4
7 4
,
13 4
111 U
144
4
II 4
:i S
4 4
quartz proportions two hydraulic
Placer mines have also been developed
and equipped in the distrl'-t. an! will
start tip this fall.
Manager J T l'tn brcuph In the
final cleanup for 'he season from the
hydraulic placer mines "t the Ixigin
Cameron properties of Waldo th.s
wk. The total cleanup of -h-.a prop
erty will be something near IM.OOO for
the season. Th mine shut down Its
monitors on July 10. having run day
and night for over seven months The
water rights of this mine are splen
did, being derived from tea headwaters
cf Illinois liver, and cone':1r.g of 1;
00" miners' Inches. Th mine has been
a steady producer for over 14 year'
and Vs ground emugh to kp t1:
present battery In operation for oeri
n U. J41SMllsaV WSj IIL.1 1. x mm
mmm
HSIH
PORTLAND OREGON
MUTUAL CONFIDENCE
It i the constant purpose nf the management cf this bank to
come into cloe personal contact with its depositor. Thus the
ripe experience of this institution, as well as the unquestioned
'security which it affords, is made available for the depositor of
moderate resources and every courtesy and attention ire ac
corded to thote who patronize this bank whether their ac
counts are large or small
J
.1
V-
j
Buys Itiff Ranch.
Cova, Or, July 25 Tom Jhison has a quarter of a century longer
J-:t purcnaei jn acres cf fre lard
near Cove, for wblrh h paid I1M
This ytr there i a p!endi.1 rop ijv
i'r narveiing: :fti acre tr. Krain
TV prooe'-tlea of th Gold Hill "ana1
ccmpsnv wlp b d-spfia.! of at piibli
al The Marion Trust rompant
tn hay, and th rest in r-a-tur la-id I truateea. has f rrlr,ai a mortgage
and two dwelltnaa on the rlac u r hld ot the rorrr-any !n the !nltd
Johnson has rljed at La Grande for i Ptats court. It Is powalbl that the
some years, and has lorg hn In poll- trust eomrxsy will bli the property in;
tics in tha county This farm la and If It does, will n otibt take Un
known aa th Vivian Kennedy ranch. ' md!st tpa f"' the development f
m nrerpr:e ti original puf-pos of
Tarts Vbat Market.
rarla. July ?1. Wheat rinJ .
I Cianged to 1 cmUsh fr
lh ooirtr-aey wa ") supplr water for
Irrigation and mining, and a portion f
the rasas was excavated, aaa a tawar
paat ilL - ,
Overbeck & Cooke Coi
CommlssloB Kercliaa!s Slocks. Bonds. Cof.cn. Cra!n, Et
BOARD OF TRADE BUILDINO
Mtmber Cfcicafo Bord of Trtte, Corretpofrdenti cf Lofin A Eryan,
Caicajo, New Y&rk. Bostoav
We hare the only private wire eonnetttna; Portland wi: tt
cschacfet,
MEMBTRJ rOXTUAKD BOARD, Cr TRA1 n '