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,