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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 9, 1908)
6 THE OREGON SUNDAY JOURNAL. PORTLAND. SIJNDAY MORNING. AUGUST B. 1008. WEEKLY BXVI3LW OF 'FINANCES' WEEK'S REVIEW -IHJLOML PIT Wheat Climbs Steadily T) .Market Ladder. Showing (Jain of : 1-2 (Ynts. Monday September whrat closed at S7c. Saturday September wheat closed at 91 Vic Gain for the week, 3 VJ cents. timiIi una nr two exceptions wheat roae steadily all week on the local ex change and at the close yesterday a net gain of J Vi cents over Monday's figures was noted. It Is significant that little or no wheat changed hands and that the Chicago market fluctuations have had merely a nominal Influence In the local heat pit. Showing how mue conu. tions In the northwest are changed by Hie flurries of the eastern exchanges, it well to note thnt while whent slumped yesterday In Chicago a cent and an eighth, the price here rose 2i cents when It touched the top notch of the year at 91 Vi cents. Oats and barlev also proved strong cereals, but although a 10-cent advance was offered yesteruay for September oats, no sales were made. Like tho wheat raisers, growers of these cereals do not seem disposed to let go unui even higher figures are reached. Prnvinlnns held tin well and avgratl fylng volume of trade for the week is rioted. FRORT STREET HAS A PROSPEROUS WEEK Prosperity is a word the meaning of which is realized bv the men of 1-ronl street without their seeking for It be tween the paces of a Webster. The week lust paused was one of the best for all lines of business ever seen In Portland. This. too. after nil the bad weather and off crops which have re sulted In a cutting down of produce. One of the largest firms on the street reports that It did the largest volume of business in it's history last month. Another firm stated that the week just ending was the banner one of the past decade. Everywhere the same answer Is given. Front street; quotations follow: Grain, Flonr u Kay. WHLAT Buying price, new Track. Portland Club. 91c; bluestem. 92o; red, 81c; Willamette valley, old, 91o bushel. FLOUR Selling price Eastern Ore- fon patents. SI. 85; straights, $4.05'dp 56; exports, $3. 403.60: valley. $4.4o; graham, Ha M-40: whole wheat, $4.(5; rye, 6s, $5.56; bales, t'i. MILLSTI'FFS Selling price Br 126; middlings. $30.50; shorts. 2C 18.50; chop, S2129 per ton. BARLEY Feed, $25.60; rolled, $27.60 28.60; brewing, $27. OATS No. 1 white. $27.50; gray, $27 per ton. HAT Producers' price Old timothy, Willamette valley, fancy. $lSai3.60; ordinary, $12.60 8 18; eastern Oregon, $1617; mixed, $1010.50; clover, $g 'Sj gram, fliuiz; cheat, tu; airajra. 10. Batter, Eggs and Poultry. BUTTER FAT Delivery f. o. b. Port- find Sweet cream. 26c; sour, J.ic per lb. BUTTER Extra creamery, 27c; fancy, 26c; ordinary, 26c; store, 16 17c. EGGS Select fancy, candled. 23Vi 24c; ordlnarv, 23 toe; eastern. 20c 21c; Oregon, 22 Vi (5 23c. CHEESE -Full cream, flats, triplets end daisies, 14 Vic; Young Americas. 16V4c. POULTRY Mixed chickens. 12 Ho ib; fancy hens. 12 Uc; roosters, old, Be; fryers, 14c: broilers. 15c lb.; geese. spring. 14c. turkeys, alive. 17c: spring ducks. 13ffl5c lb; pigeons $1.26 doz; dressed poultrv, IJjplVic lb hither. Hops, Wool and Hldea HOPS 1907 crop, first prime, Be; prime, 4Vic; medium to prime. 34c; medium, 2Vc lb; 19u6 crop, 23V4c lb; contracts, 9c. WOOL 1 DOS -Willamette valley, 13 15C. MOHAIR 1907 Nominal. ISVi'Oc SHEEPSKINS Sluarlng, 10 16c each; short wool, 25 40c; medium wool, 50c$l each; long wool, licltf $1.25 each. HIDES Dry hides. 3J14c lb; green. 66Hc; calves, green. 81 10c; kips, 6$ 7c lb; bull1, green salt, 4c lb. TALLOW Prime, per lb. 34c; No. I and errease. 2?2Vio. CH1TTIM P.ARK-3 ?f 4" Fruits and Vegetatiies. ONIONS California. $1.25; Walla Walla, $1.25 per sack; garlic, 15c lb. POTATOES -Niw. Belling. $1.1U ;(1 ::: buying, h'u '.'he per cwt. APPLES New. J10O IKESH Fi:l'ITo Oranges. t40"'? 4.50; liananiib. ." '.i : pvr If. f ra t i ;, lemons, $.",.2." . .x; grnpefrutt. J4 it 4 50; pineapples, Huwuian. $.1 jj 3.5v doz; cantalo.'i.ff, $:.",..:. airlcuts. 76cS$l: bln.-kr.-rrls. $;.5o. peach . vr.c Jjjl, pt-nrs, Jl ,'-j . tf rapes. Ji 50; raspberries, J ! uo 'i in, logariherrj'-s. n $1 l. cherries, li .yal Anr. :? Lamberts an jtit.c'n fjfin'. f- b"X. watermeluns, f. I ". .. cwt , curra nt $1 50 crate VEGETAHI.F.S -Turt.lps. new Orogon, I Op; beets. Joe; rarr"s, I! Kw sack; rarsnlps. 5.-'- il . - iljlnf. $i 2.'.. :itu os, , 5ct $1 0O box, beans, 7 (u,i. flower. California, crate. $1 75 3 2 00- i peas, Oregon. Ji-ii5', norseradlsh.' KtllOc; artlctokea (-1 dor wreen onions. 15'- r dn: peppers, bell, lie; Chile. - . h ad lttin-e. 25tf-f'c dox; cucumbers, lm-al. Kt .'do doz , radishes 15c doz. hunches. relery. T F. $1.25; gooseberries 5c, eepj.Imt Gft.-c; (freer! corn. 20c?2O .oz. Orooeries, Vnts. rnc 6 L' U AH Cal 1 f o r ri I a . Hawallar Tiy finer) Ciibe. lilv. powutreo $$45, terry. $..!. ilry gi.ir.L,:eJ JS26. XXX granulated. $6.18. corf A.. i5. tra H: .mi. go den tj . 16 jn. yellow. $5i5, beet granuln'ed. $06. barrels. 15e, half borr-!. Sue. boxes. 6ic ad vance un sack r.uti. (Above prlc are 20 days Def cash quoiatii rs lKi.N'KY- Nm r per )b COFFEE 1'ai-knff frn!, fl!$0 BALT "or - Hir ground. 100s. 'i I " in. owe. in in table, rtairy. J(i. $U5. 10s. $14 00. ha I -. $2$I;I By CITY MARKETS FOR WEEK SHOW BAR (Hearst Nw by Ixirtfnt Iaiiod Wire.) San Francisco, Aug. S Wheat - Lo cal conditions today remained precise ly a on the preceding dny. with a iulct market, unclianted jirlt-es and a firm t rif. 'I'll, -re i re no rH' lpti. In .Tul' th- fchliMiicnts froni thin port were only ok.'i centals. Other Grains. Harlcy, oals, etc. Spot barley was dull nt noniinnlly lini'h.'ingeil price I'ecemler sold c per cental higher. The local receipts wvre a.lti7 teii!al.H. and I.S.cuO sacks at Port Costa, oats remained firm, but oiilot, with no re ceipts. Peas and larwe and small white beans wero quoted higher. Tho re ceipts of hay were fu'iS tons. The mar ket wus practically unchanged and (ilet. Flour Exports Heavy. Flour The exports of flour In July were 19.250 bniiels Today's recelpta of flour were only &02 barrels. I he re ceipts of bran amounted to 7.064 sacks Including t.000 sacks from Japan. Batter Advances. Butter, cheese, eggs Butter wus ad vanced Vic per pound for extras, the market closing steady for creameries and flrtn for packing stock. Extra eggs were IVic per dozen higher for fresh and the market was firm all around. There was no change In cheese. Fruit Variations Tow. Fruit The market for seqsnnnble fruits showed but few and minor varia tions from the preceding day's prices. Most receipts were light and late, but there was generally enough of early ar rivals and carried over stocks to meet the demand. Figs came in from va rious sections and were mostly of poor quality. River cantaloupes in boxes sold at 667oo per box. Muscat grapes were received from Winters and Court land and offered nt 90cfJ$l per ciata. The seedless variety was still In great abundance nnd largely of poor quality. Other RraPes were dragging. Peaches and Pears. River peaches in lug boxes went at or about $1 per box. Newcastle peaches have been mostly small and slow Bale. It was stated that at Newcastle 55c per box was being asked by the carload. The receipts of Bartlett pears fell off to 33.000 boxes and came mostly to canners. wrapped Martietts were rirm er higher. Damson plums wore scarce an 1 wanted. Vegetables The market for potatoes assumed a firmer tone In the latter part of the week, there having been an active demand. Today's receipts were large, but prices were unchanged. All other articles were without any note worthy change. BANDER WEEK OH EXCHANGE Uusiness in Now York Stocks Greater Than Any Week Since Last 31 ay. (Spccbil PUpatcb to Tli Journal.) New York, Aug. 8 Huelncss on the stock ex. liuiiKe reached larger propor tions this week than for any period thin year, except the third week if May. Trading has gono on at crescen do, reaching at tho close of the week a state of excitement on the part of buy ers of stock which has not been wit nessed since the "bull market" of 1H06 Yet comment on the situation from day 10 day had observed a monotonous s.unenoss. Developments In outsido con dltlons have ln"n few. On the lech nlcal side, the changes which have cc curred In the market are not alto gether of reassuring kind. There will be no pretense even by the most en thusiastic critio that the buying of the last dax or two represented belated pur chases for Investment. Speculation Is Factor. No doubt the greater activity has reflected to some extent an Increased participation by the speculative pub lic. Tne testimony of close observers Is that tho main reason why transac tions have reached suah. big dimensions again Is because a comparatively few speculators of the plunging type have been carrying huge lines of stocks and trading In and out of them at a furious rato. A market developing on those lines, is of course, getting all the time more unsafe. The stage will ultimately be reached when those speculators will be anxious to secure their paper profits, Rnd it will then be found that real buyers are not golnit to come In and take the stocks. Whether the speculative position is not approaching some such state was a matter on which opinion differed con siderably at the close of the week There are other observers who have been "right" on the market all along, who expect to see the upward movement enrried pretty steadily through the present month. So long as confidence among specu lative Interests is unimpaired the pres- Apricots were In light supply and ent market Is one which Is exceptlon- rl.'e Very little has happened In the course of tho week to throw any further light on the general business situation. A few more Instances have been re ported of mills resurnlnr work on full time and orders for every equipment appear to be on the Increase. There are still a good many people who are In clined to look skeptically at the stock market's advance, saying that the sit uation In business does not warrant It. Two Movements Separated. This would be true If market move ments and trade movements always kept pace with one another, but as everybody oX experiences knows, Wall street prices always move far ahead They began to discount the panic of October. 1H07, a year in advanco; they are discounting now a trade reoovery. wheh is not expected to fully manifest Itself before next winter or spring. RMS CAUSE DROP Ifj PRICE Reports of Pillsbiiry Failure Exert Unsettling1 Condi tion in Chicago. Latest News of Oregon Crops Mules and Horses In Demand. Springfield, Or., Aug. 8. The demand for horses In this vicinity Is Increas ing. Despite the fact that the prices of almost all kinds of animals are one- third less than a year ago, the de mand seems to be as vigorous for work animals, and prices are expected to rise. Most of the heavy draft animals have been shipped to the cities for drayage purposes, leaving but the smal ler ones in an tne nine towns. An un usual number of mules were foaled this spring, breeders having more faith In these animals than In the horse market. Sept. Io May Kept Dec. May Sept Dec May Sept. Oct. Jan. Sept. Oct. Jan. Sept. Oct. Jan. WHEAT. Open. High. Low. r)S S5H 94 H 1C1S 1024 t'OHN. 7V4 76S 85 66 V 64 6:, OATS. 4SVi 9 4 49 60 V. 51 PORK. 1545 1556 1567H 1562 H 1550 1627H 1632 Vi 1630 LARD. 94IVi 950 62Vi 960 930 930 RIBS. 887V4 !R7Vx 897 V4 SU74 820 S'J5 96 V 101 75T, 64 G4S 47 4SVi 49',fc Close. 101 Vt 76 V4 A 6V A 65 A 48 48H 60V4 BULLS LAND III! HIGH WAVE J Wit Taking Docs Not Leave Buyers Stranded on Receding Tide. 1641H 1647V4 1560 1630 948 960 922V6 885 S9ft 820 950 957V4 827 H 887 897Vt 822 Vs XEW YORK STOCK MARKET Albany, Or, Aug. 8.- The average wheat yield in Linn county will bo about 22 bushels to the acre with grain of a first-class quality. Threshing the fall grain is in active progress and as far as can be determined the crops will be of about the same grade as to qual ity and yield as last season. The spring grain has suffered somewhat on ac count of the extreme heat of the sea son and will be short and hard to handle although it Is expected that the yield will bo up to the usunl standard. The greatest possible activity pre vails in the harvest fields in this vi cinity and from now on until th close of the harvest season every acailable man will l" needed to assist in gar nering the ripened grain. No man need be Idle In these parts and in addition to the demand for laborers, wages are far above the average. DESCRIPTION. 3 3- K : : : " Amal. Cop. Co.. S2Vi 83 9,1 81 82 Am. C. & F., o. 419j 42 41 H 41 Vi do pfd 103 RAX FRANCISCO MARKETS. San Francisco. Auk. 8. Wheat No. 1 California club, per cental. $1.62 1.67; northern bliu-siem. 1.01.72; northern club. $1 h2'!il.fif; inferior grades of wheat. $1.40fi 1.55. Barley. Feed barley, t J . 3 i. 1.40; common to fair. $1.30t 1.35 : brewing at San Fran clbco. nominal at $ 1 .45 '! 1 .55 : Chevalier, $1.65(3 1.85, according to quality. Potatoes. Per cental, river whites, (sacks), fancy. 70 f $1.00; poor, 50 & 65c; early ros", 75V 85c; sweet potatoes, 2 5c. Onions. per sa k, red onions, 7("U Tic. Eggs. l'er dozen. California f-esh. Includ ing onses, extras, 33c, first. -9''. sec onds, U4c; thirds, ea.-: rn S'-iec;. d. l.r.''. eastern f i r t . 23c, eastern sc inih, " , F'orage, J7c. Batter. per pound. California fresh, extras, f .ri. l'4i ; seconds, 22''. thirds. u ; p.-" king No. 1. 19 c, packing No. . Co. c. . 1 U SOc; yellow. Hew Cheese. .nd. California flat po .ml. i nlirornia Hats. Tav-v. 4 f'.r-t- 10c. MMonds. 10c. ca; 'i:a Yo;:i.g America. rancy, 1.?.-. r-:?. i 'i ( . eastern Cirepnn. fancy, i.'curn Oregon Young America, !. ! Orange. Per box, Yalericlas. $1 4 0rt 12c per lb: pickled tongues. 31 c. Iirr 111 00. 4, $lt.e. exr fine tarrl&. Ui erpool 7k (r cd 1 m $4 te i 10 lorr n rora. lie 6o rer on RICF. Imperial )irn No i. No. (9c. New Orleans, head. 7e . ( ): Owl. Iic FKAT-1nel) wnMe 14 7: larre wMte. 14 T: pink. It hvm. $X li Z,lm t$ I: Vxlcn r" ) acaata. risk aaa rwumu, DRiSSax. MluATS Moe nrwt Hosa. Uucy, m ; ordlcarr it. eitra. c ptt Ik. ordinary. r lb. heavy, f e l-r U; rauttoo. f r. 70 7Ve per lk; afnr( iairb. ; , h HAM. RACOX. rra Portia 4 btri "-! fcaa. t It lea. Ue rr lb o-li't baron. lf(fl$e-lb; rtcnW. 11 it ; ria t-olL In lt; r-ulr -a I J e lb; lrm. r. kV It-: inwt4 aHert rHar. It Is, t.M.itl. 1$ .a iMil ' 27N 2' 27 shouldcre, 7fc each. LOCAL LARD Kettle laf 10s. 1 4o pfr lb; 6s. 14'-tc p' lb 5n-h tins. 1? c per lb: steam ret-n red 10. lie r'-T !; 6s. 13 He oer lb; compound. 10s. U i- per lh FISH Rock l!Hc lb flounders, tc per lb: halibut. 6r jer Tb. striped bs. Ijc per !bt catfish, lie r-er lb. sal mon, chlnook. c lb. blucba ks. sc lb; steeihead. fcc lb. herrings 6c lb, soles. 7c pr lb; shrimp 10c rr lb' perch. c l-r lb, tomcod. 11c pe lb. lobster. 26c pr lb: fresh mackerel, c rr ib; crawfish. 70c per don. sturgeon, lle per lb; black buss, 2e r-er lb. sllvr 0(tm i smeiu tc per id. pick roi, i c id. shn-1 c sd ro. 1!r Ib OTSTKTR. Fnlitr P.r. rer aral- ! Ion. JJ5C. pr 100 lb M-k IS . Oiy TiiA r.r alon 19 Irt rr 1 A6 tH l0cecfft. Fue't .-:.rl fc run. $T0:Kity 4 Mexican Central d. Am. On. Oil, c Am. Loco, c. . . Ain. Sugar, c. . . Am. Smelt, c . . . do pld Anaconda M Am. Woolen At,-!)lKon do pfd B. & O c. ... do pfd B. 11. T Can. Pac , c. . . Cen. Death., c. do pfd C. & O. W.. c. . C. M. & St. P. . C. & N , t Ches. & Ohio . Col. F. & I., c. . . Col. So., c do 2d pf.l do, 1 st pfd . . . Corn Products, c do pfd Del. & Hudson . . D. & R., , c. . . do, pfd Erie, c do, pfd do 1st pfd . . . fit. Nor., pfil . . Ill Cen L. fc N .Manhattan l(v. .. Mtx. Cen. Ry M . K. V- T . c. do pfd Distillers Ore Lands M issourl Pac. . . National Lead . . N. Y. Central . . . N. Y., Ont. Ac W . Norf A; West, c do pfd North American. Northern Pac c Pac. Mall SS. Co I Dim. Kv ' ! o c; , L c . , i i Steel i '.i r. c . ' I'M R.-adlng c I d.i 2d pfd . . 1 do 1st pf.l I H-p I A! S. c . . . ! I f 1 I Ko k Dia nd c . . i .!'. jfd ... I St I. A S. F 2d p ! do lt r f d . . j St I. S W c I So I i ". . , . do pfl Soot!. H . c. i" rM Texas Pac T . St 1. & W . c 1 . pfd I ' n i on Pac. , c. . dn j.'fl . . 1' S Rubier, c d prd . . . I S St Co do pfd . Wal.asri. r do pfd . . W C Tel. . . Wl. C-nt . c . do pfd Wheeling-Lake Wastlmrhoase 34 85 HI 34 67 57 44. 58i 133Vil33il33V4 ,101,103,101 49: 50: 49 88 94 92 64 172 29 89 94 94 88 94 92 65 J 54 174 1172 29 29 66 Ji 183 1U2 VB 102" 49 2 hx i., 93 Vs 93 81 66 173 29 4h 97 6 7 I 614 6 i 144!l44-Tj,'143 143 ,103 -163 12 162 ! 43. 43 42l 42 83 34: 33' X&u 33 l 33 ' 33V 33 i 53 , 5J i 5.J i.. i 62, 62; 62; 62 19 1 2 1 1 72 ,171jlll 27 6S 6S 67 67U 24' 24 24, 24 3U ; 3U : 3U I 30 ; i 40 131 13!' 131 13:. . 13 1 40 .139 139 111 jlll 110 i 110 138 Chicago, Aug. S. The wheat prices opened In a dazed condition at substan tially the same prices prevailing at yes terday's close. There was a rumor from Minneapolis that one of the large flour manufacturing coiVerns, (Pillsbury Washburn company), of that city was In financial s'raits and likely to go into tho hands of a receiver. That was Bald to be the reason for heavy selling on orders from Minneapolis. It had an unsettling effect on the market and for the time diverted attention from the bullish findings of yesterday's govern ment report. Liverpool Either. Liverpool was from to Id higher. There was considerable reaction from the declines .throughout the session but the tendency In the main was toward lower prices. The weakest point of the dav was toward the clo.se. September left off lc below the final figures of the day before. Influence In Corn. The Influence of the previous day's report on corn was felt at the opening In further niodemte addition to prices of futures nt the start. There were liberal showers In some of the south ern sections of the middle region of the corn belt, and reports from Toledo of samples of corn from the new crop received there that promised from SO to 100 bushels to the acre. Sample market was firm until near the end, when It lost half its advance, at which the early offerings were dis posed of. Oat Crop Hot Much Larger. A crop of onta so lutle larger than fast year's as Indicated in the previous day's official report was the reason iftJ the sharp demand that put prices fsnarply up at tho start. Demand In the sample market was good at hair cent advance until near the end. when there was decline to the previous, day's level. The trade In provisions Was affected again by the surprisingly liberal run of holdings In the west, and price of the products suffered another sharp decline at the opening with no great quantity sold during the break and few sellers at the lower price that started the day's business. nolding prices were from 6c to 10c lower. Cash Sales. WTieat Winter No. 2 red, 96f 97c; No. 3 red, 949c; No. 2 hard, 95 ft 98c; No. 3 hard, 94 f 97c; spring No. 1 northern. $1.22 1.24; No. 3 spring, $1.081.14. Corn No. 2 yellow, 81c; No. 3. 78 578c; No. 3 white, 80c; No. 3 yellow, 80 (ti 81c; No. 4, 78 Vic. New Oats No. 2 white, 51 c; No. 3 white. 4950c; No. 4 white, 51c; standard, 50c. (Heant News by Longest Leased Wire.) By Thomas C. Shotwell. New i ork, Aug. 8. Although a wave of profit taking shaded quotations down In the last hour of trading; In Wall street today there waa a firm under tone throughout the session and abund ant evidence that the bull campaigners are not vet done. There was also evl donoe that the public Is beoomlng In terested more deeply every day The market la becoming very flexible, which Is a healthy sign. The big people do not seem to be so much afraid to let reactions come as they were a month ago. Money Is so cheap that they do not hesitate to put unlimited minions under the market on tho reactions and most Important of all the big people have not yet shown any wild desire to take profits. Lawson Hot Important. Thomas W. Lawson rocked the boat a little bit on Friday, but ho Is not Important enough to stop the bull cam paigners and his operations are un doubtedly confined to the manipulation a i i! .1 ... . 1 n.lilnh Ha rtn oi me (iiMcmiiuiioij. u,v, trols under the name of Bay State Gas. The Uuggenhelms deny tfcat they have taken him in as manipulator of their shares but that does not necessarily mean that he is not in charge of smelt ers for there are weird rumors of Im portant changes to be made In the di rectory of the smelting trust at Its next meeting. Smelters have been rehabili tated as a trading and Investment stock and all the Issues Identified with it are making good in the market. Even Yukon Oold seems to be pointing up ward as It is the least worthy of all the companies identified with the smelter trust. Beading Touches Xlffh Mark. Reading was one of the few stocks to touch a new high record today and it did so on the buying of one house closelv Identified with the Insiders. This Is the same house that bought the slock heavily last weok, claiming to have advance Information In regard to the decision on the commodity clause of the Hunburn law. Th V. ( nrar (.vpr.ltpfl t Oil V Wfl H Hft 1 ll to be for the account of a director of the company who trades Jn that house. Coal Shares Strong-. The fact that Delaware and Hudson and other coal shares were strong was used to give color to a report that some Important announcement was corning soon In regard to them. Strength of the copper shares was maintained un to the close. It has been nn omiKiinl week for the copper trade. The metal Is honestly In demand with an advancing price, mucn to tne sur prise even of the big producers. The onlv nbnfttlon Is that manufacturers In all parts of the world whose factor les have Deen oare oi raw maiei mi are buying In anticipation of a trade re vival and a boom In the electrical business. CHICAGO HOGS DROP FIVE CENTS LOWER Chicago, Aug. 8. Stockyards receipt tonay: hoks. Cattle. Bheeti. Chicago 17.000 800 1,600 Kansas City .... 0.000 BOO .... Omaha 11.000 100 Hogs open Bo lower. Laft over yester day 2,()0. Keclpts year ago 10,000. Mixed, $6.206.86; heavy, $8.6Biaitl.88; rough. $6.206.46; light, $6.10(96.80. Cattle Steady. Sheep Weak. Politics and Politicians OATS TAKE TEN CENT UPSHDOT Portland Market Shows Sur prising Strength in Face of Eastern Declines. i nomas tal, delegate to congress i rum AiBna, nas aecidoa not to be candidate for reelection. Judge Taft. the RenUMtruin nml dentlal nominee. Is said to nn.uMn wonderful memory for names and faoes. The Foreign Money Market 6RUNTERS HOLD FIRST PLACE AMONG STOCK New York, Aug. 8. Rents unchanged. Discount rates at Berlin hardened. For eign grain markets were generally higher. American interests were said to be In svmDathy with the rise In the local security market. London cables showed Americans with general fractional declines, more as to fear of speculative developments than as con sideration of the crop report, which had a favorable look. Consols rallied but Canadian issues were under pressure. Foreign government stocks were steady with Turkish bonds a strong feature. Sam V. Mathews. State banklnir nnm mlssloner, Is the new chairman of the Republican state executive committee of west Virginia. Tho Peonle's narlv of Tai Trill hni Its state convention In Fort Worth Au gust 11 to select an electoral ticket for waison and Williams. Thd Republican state convention In New York to nominate a candidate for governor will be held In Saratoga, nrob uuiy me seeona we.eK or September. The Prohibition party's notification meeting, at which Eugene W. Chafln, nominee ror the presidency, will be offl dally notified of his nomination, will bo Held in Chicago August 18. The Brownlow-IIouk fnctlon of tho Republicans of Tennessee will hold I state convention in Chattanooga, Au gust 10. to name candidates for aov ernor and other state officers. Second Assistant Postmaster General McCleary expects to receive the Repub lican nomination for congress In the Second Minnesota district at the pri maries to te neia September 15. The Arkansas campaign on the part of the Republicans will be formally opened at (Jzark. Saturday. August 8 with John 1. Worthington, the nominee ror governor, as the chief speaker. Dr. Martha Hughes Cannon, formerly a state senator In t'tah, has moved to California, and the women of that state expect her to be of great assistance to them In the right for woman suffrage 22. 31 i 37 ; 8 I 68 I 8 9 16 31 63 37 67 67 89 14 1 2' 85 38 I 37 iS. 68 6xi 58 90! 8S 108't(i9 10Sil08 4-' 43 41 HI 42 74 74 V 74 74 ' ! 90 I 65 ) 4 1 4 3 'A 1 4 3 -o 25 1 2--. 55 9;, 2.-, i :tn .1 97 L 127 V 85 84 24 81 18 37 29 54 IS '' 118 19 49 25 24 r 151 !157 82 82 J 5 I 3 5 ... ;iom 47 47 119 P9 i 12 24 , 37 2i' l : 24 -"4 8 2 1S: 36 29 1' 18 15 7' 'J 35 ' 1 9 i-, 5 0 1 9 f 0 Portland Stockyards Receipts. 4 Portland, Aug. 8. Today's 4) stock receipts: Cattle, 25: hogs, 4 none; sheep, none. Prices re- main unchanged. The market 4 as usual on Saturdays Is rather fc quiet. 4 Official stockyard prices to- day: 4 Hogs Best stuff, $6.75; block- ers and China fats. $6.006.60; 4 stockers and feeders. $5.006 50. Cattle 8elect eastern Oregon 4 steers, $4.00; medium, 13 00 3 4 3. 76; stockers and feeders, $3.00 4 3.25; medium steers, $3.601j 4) 3 75; best cows and heifers, 4 $3 00; medium cows, $2 60-g 4 2.75; stags, $2.50; bulls, $2,003 4 2.60. 4 Sheep Best wethers, $3 25; spring lambs, $4 26; straight 4 ewes, $2.252 75; mixed lots, 4 $3. 10. 4 Veal Choice yoong calves. 4 $5.00; heavier and rought, $3.60 4 6 4.00. Winnipeg Wheat Market, Wlnnlnea-. A UK. 8. December wheat opened at 96. Minneapolis Market. Minneapolis, Aug. 8. September, 103. New York Wheat. New York, Aug. 8. September wheat, 104. DtUuth. Duluth, Aug. 8. September, 104. St. Louis. St. Louis, Aug. 8. September, 96. Cotton Market. Chicago, Aug. 8. Following are to day's quotations: Open. Jan 936 Feb Mar 946 Aug 1009 Sept 973 Cict 9C6 Nov Dec 948 High. 937 94i 1010 978 966 943 Low. Close. 928 934 1008 972 963 930 Chicago nutter and Eggs. Chicago Aug. 8. Batter and unchanged. Receipts: Butter, pounds; eggs 6,04 7 dosen. 928 929 93 3 1008 970 91 929 931 23 5 6 1 o 10' 21 67 21 41 in 7 Total sale. liS.ibv shares. I'tah. 45t?46 Ixwi (Jon Stock CloefniE. London. Aug t I-:ini are AtrM sn Sd, preferre 1 1 Canadian Pn r.fic td. Denver preftrred , d, E S ll"n 2 4. per 10 lb Mrt L. 1. Illinois v er.irai o. i. A yi, 5n-T. m.frn In ehlL $175 r-' 14) d R. I d. 8 J. d So Psc v,,l CUM8 Hr'srt!l. per to. It,4;il Psc. d. I. 8 a. Meel preferred Aarances are- H Receipts of hogs at the stockyards for the week Just ending were some what less than the average, and as a consequence the prices at closing were strong. The market promises to con tinue active next week. Cattle stiffened a bit from the open ing Monday, but were still none too live ly yesterday, and sheep seem to have taken a lonr slide for the w-orse. There If ho prospect for any strengthening In the demand, either, at least for a long tlma, as receipts all over the country are daily over large for this season of the year. Northwest Wheat Receipt. Minneapolis, Aug. 8 Wheat receipts for the northwest today were 194 cars against 110 last year. Paris Market. Paris, Aug. 8 Wheat unchanged to 6 lower. Budapest quotations remain stationary. rasor clsrr II 10 per box. Je per doa TtMtm, Ooai. 0& Xo. ROPE Pur Manila. Hit. staadard. LI.fet-KD H, Raw hlim PV rs kc. bn!VM tic, ea, fie a gal; lota f U gallon, le leas; m) pa treai. $14 tns PEN7,lNE7-t e. lte per !. Wn Hti 114r pt tL T V RPKN7 1 X R I VeMS, TU per sal; ! t-Kj, ' Mr raj. L-Vb J-'Hf ' lk( lb. AO. t O W. d Er d. E. F 4. N Pacific d. Penn d. R. d. Bt Psnl d. Rest unchanged. San Franriaco Clmdn. ft Frenrlaoe Aua 1 Icrrber barley. 1J 6 l$f others oprhacgei. Chr4fT Botler and E?r fV, Ae I Batter and err RerHs: Batter, Mil North wet Rank Clearing", Portland. 1908. Cles rings trwlay $ M5.2?I2 Balances today 71 164 H Hearings for week ending today . . 5. 53. 575 $8 Balances for week ending today Mtll 11 Setl Today. Clearturs Bala noes Ta as Today. teartnrs $ t(9 aa Balances (4.11104) l(rT. $1.0I$,I0.$$ 0.I9I.II 6.II0.4IT 44 til. $11 IT $1,111 IIA.A 11I.4M 9 IJrerpool Grain Market. LlTerpooi. Aug I. Wheat cloved to i m nr- com h rtjther; bepten br wheat. s Sa. rcinr-T waaat. MourhhanJ, the Peacock Kingdom. The little native state Of MouftfhanJ. known as the "Peacock Kingdom." Is the most northerly of the tributary states of Orlssa. and native chronicles relate that the principality was founded more than 2.00" years sgo The chief emblem of signature Is a peacock, which is held sacred, and hence the killing of this heraldic bird Is strictly forbid den throughout the state The state has an area of 4,141 square miles, and the country la varied In soil and scenery. It abounds In rich -valleys, but a yast extent Is clothed in primeval forest. The maharaiah of MourbhanJ Is an enlightened prince, and administers Ms state on modern British lines, as the administration report for 101-7 shows. The government Is divided Into sepa rate departments, aa In British terri tory, and each department is under an officer who Is responsible for Its proper administration Sericulture Is being enrourered. and mulberry groves hsve been planted. The culture of Tsseer silkworms Is an Important Industry, and visitors to the recent Industrial exhi bition at Calcutta had a rnnd oppor tunity of a1ng the taasar" manufac tures of thla state. The rport re oorda however, that this Industry Is In a state of decadence. The emiatnf It Terr rich In minerals and forerta, but while the letter are being exploited th former still awaits the attention of tb mining expert. The state owns a light railway. Mnnrbhsn) offera first clam oriw tvnlUe for exploitation br mining en rlneera and manufacturers of various kinds ft so. a 11 machinery, awsalkS and Fred W. Uphatn of Chicago will be assistant treasurer of the Republican national committee, and will have charge of the campaign fund collec tions and disbursements In the western states. C. A. Johnson. Kepublicar nominee for governor of North Dakota, Is an attor ney at Mlnot. He Is a native of Wis consin, but lias lived In North Dakota about 20 years. The Democrats have renominated Governor John Burke. While It Is conceded that Governor John A. Johnson of Minnesota does not desire a renomlnation. It Is generally believed that he will accept ft at the hands of the Democratic state conven tion, which, Is to meet two weeks hence. United States District Attorney Har ry Skinner, who is somewhat famous for his ability as an orator. m.iv he honored with the Republican nomination for governor .of North Carolina when the state convention meets at Charlotte on August 26. j A recent election In Georgetown, which is located In the heart of the distilling section of central Kentucky, was carried by the antl-prohlbltlon ele ment by the extremely narrow majority of one vote. The contest was a most exciting one. The carnation Is the favorite flower of Judge Taft. as It also was of the late President McKinley. But while the latter favored the red carnation Juds-a Taft prefers the white variety of the popular flower. It Is estimated that 80.000 orthodox Jewish voters will not take part In the state primary In Illinois next Saturday Decause It is held on their Sabbath. Whether this loss will be an Injury to the Republican or Democratic candidates is a matter or conjecture. Charles N. Haskell, the new treasurer of the Democratic national committee, bears the distinction of being the first governor of Oklahoma. He was cnair man of the Important committee on resolutions at the recent Denver conven tlon. Earlv In life he waa engaged In railroad construction work. m Colonel Frank L. Smith, who I a can didate for the Republican nomination for lieutenant governor of Illinois, has sent an appeal to every voter in the state by the name of Smith asking for his sup port In the general primary which Is to De neia next oaturaay. Prasldian.t i Gompers of the American Federation of Labor. It is said. Is exert ing all hfs Influence to Induce the members of the Farmers' Educational and Cooperative union to support Mr. Bryan for president The union Is said to have a membership of almost 2.000, 000 throughout the country. i John A. Aylward, who is a candidate for the Demorcattc nomination for f'overnor of Wisconsin, Is well known In he politics of that state, having been a candidate for governor two years ago. He Is now serving his eighth term as rltv attomev of Madison. Mr. Al ward Is regarded as the leader of Bryan Ism In Wisconsin. Vrey Woodson, who has been reelected to his position of secretary of the Dem ocratic national committee. Is a Ken tucky Journalist, being editor and pub lisher of newspapers In Paducah and Owensboro. He was railroad commls-. sloner of Kentucky from 1891 to 1895. 1 and has been a member of the Demo cratlo national committee since 1816.1 I Among those mentioned on th Repub lican sloe to succeed United States Pen- ator 8tone of Missouri are Colonel Rich- , srd C. Kerens, one of th veteran lead- I rs of th party In Missouri; Lieutenant Governor Mckinley, former National I Commltteemsn Thomas J. Aklns. State , Chairman Walter 8. Dlcky and Joseph I Black of Richmond. ! Th national committee of th Bocla!- i 1st party I reported to b hard pot to It to find th wherewithal to conduct th coming campaign. It la desired to Bend Eugene V. Deb, th candidate for preal- Portland Board of Trad Beipts. Wheat. 10 cars, 1,613 sacks. Oats, 4 cars, 229 sacks. 4 Barley, 1 car. k Hay, 8 cars, 281 bales. 4 The following comparisons of yester day's quotations with today's will show the surprising Jump in both wheat and oats, especially oats, which went up 10 cents and found no sellers. Portland drain Uarket, WHEAT TODAY. Opn. High. Low. Sept. Deo. Sept. Dec. , Sept. Dec. Sent. Dec. Sept. Deo. Sept. Dec. Close, 91 L 9JU OATS TODAY. . 125B .' 126B .125B ' 12IB BARLEY TODAY 117B 117B 20U 120 WHEAT YESTERDAY. 89B 91B 91B 91 OATS YESTERDAY. 116B 117B 116 120B BARLEY YESTERDAY. .116B 120B 89B 91B 117B 120B 115B .117B 117n dent, on an extensive tour of the coun try Iti a special train, but the subscrip tions to the fund to be used for thin purpose are said to have fallen short of expectations. e Thomas L. Hlsgen, the candidate for president on the Independence party ticket. Is a native of Indiana, but has resided for many years in Springfield, Mmj.. where he has grown wealthy In the oil business In competition with the Standard OH company. Lns-t year Mr. Hlsgen polled over 75,000 votes as Independence league candidate for gov ernor of Massachusetts. Texas and Rhode Island, the largest and smallest states of the union, haco never given the nation a cabinet offi cer. Other states that never have been represented in the cabinet are Idaho, Montana, North Dakota, South Dakota. Utah, Washington. Nevada, Wyoming and Oklahoma. New York has fur nished the largest number of cabinet officers, with Pennsylvania second. John Temple Graves, the Independ ence party oandidate for vice-president. Is a native or south Carolina, in wnicn state he was born November 9. 1866. After graduating from the University of Georgia he adopted journalism as a profession, and has been employed as editor on leading newspapers In Jack sonville. Atlanta and other cities of the south. In addition to his work an writer Mr. Graves Is famous as a platform and after-dinner speaker. Looked Like a Leak. From the Chicago Tribune. While the market for Standard Oil stock has not been active, it has had advance of 48 points since last Thursday. The advance must havi been quite agreeable to John D.. for he Is credited with owning about $83,000, 000 of the $98,538,300 capital stock of the Standard Oil company, and the rise Is equal to a little market gift of $15. 840.0044 There was something about the movement In the price of the stock that suggested that some one had "leaked." Any one having acquaintance with 26 Broadway, New York, the main office of the Standard Oil company, can understand the resources for Informa tion which center at that particular lo cality. No one has Intimated that any one connected with the appellate court Is In the market, but court' Justices have friends, and the quick advance in Stand ard Oil stock would Indicate the latter were either In possession of definite In formation, or were good guessers of the Judicial mind. Since Its establishment the depart ment of agriculture has cost the United States more than $200 000,000. It has riven employment at different times to 8.000 experts and professors and Issued 17,676 publications. W pay you 4 pr oaat to sar A DOLLAR Starts an account in our Savings Departrrfent, which may lead to the road to wealth. Since nothing so fully demonstrates "how use doth breed a habit" as the practice of saving, so nothing yields the ten fold benefit cJitained by the saving of small money. We deem it a privilege to explain the advantages of our Savings .Depart ment to all interested. Two per cent allowed on checking accounts. AMERICAN BANK & TRUST CO. OF PORTLAND 00 Seventh St., Elks Tempi L. O. RAL8TOV O. L MAC GIBBON Pr. Cash tar. Overbeck & Coofce Co. Comatssiti Merchants, Slocks. Bonds. Cation. Grain. Etc. I16-J17 BOARD OF TRADE BUILDINO ktmters Chicago Board of Trade. CorVtipoodeoti of Log-so Bry Chtcag-o, New York, Bo t ton. We hare the only private wire connecting FortUnd with tke eaitera eacnacrea. MtrVBCR rORTUAXD BOARD Of TRADB. MLar4,
