1908.
11
AS YOU READ THE FOLLOWING, REMEMBER ALL ENORMOUS AMERICAN FORTUNES HAVE
BEEN MADE THROUGH THE RISE AND FALL OF THE STOCK MARKET. AFTER EACH
FALL OF BILLIONS THE MARKET GOES UP BILLIONS TO MAKE MILLIONS IN
EVERY RISE AND EVERY FALL, ALL THAT IS NECESSARY IS THE TRAIN
ING TO KNOW WHEN TO BUY AND WHEN TO SELL, AND POSSES
SION OF THE MACHINERY TO BUY AND SELL. REMEMBER
THIS AS YOU READ, AND THAT SOME OF US
HAVE THE TRAINING.
LESS BUTTER
BEARS TAKE A
IP AT BAT
Wheat Market Drops Off
7-8 of a Cent as Result of
Favorable Reports.
Bf MARKET
Dow, Jones fc Co. Review
Conditions Having Bear
ing on the Price List.
HIGHER PRICE
That's What the Farmers
Say but Creameries Kefuse
to Tay Any More.
AT
THE OREGON -DAILY JOURNAX. PORTLAND, MONDAY EVENING, AUGUST 10,
1 LATEST MARKET NEWS 1
1
LAST
To raise the price of butter or not to
raise It. that la the question. Whether
It la htter to Buffer the etlnge and ar-
rowa of outraged farmers or thoae of
the groaning; conaumer are the aJter
natlvea the local creamerlee are con
sidering; todny. The price Of butter,
wholesale, la now 27 hi centa a, ound.
The cream producer are alwaye paid
a cent and a half undrr the wholesale
quotation and therefore are now Bat
ting 2V4 centa.
The reason why butter should he ad
vanced ft a a;iven by the farmera la that
the cream output thla aummer la ahort
owlni to the contlnusif hot weather
whli-h thfv uv linn dried no pastures
and cows, claiming mat me ouurr mi
aupply In thue reduced at least JO per
cent and some contend that 2B per
cent Is not too much at which .o put
the shortage.
The rrcumirles on the other hand
declare that there la no shortage and
that while th-re la a strong demand for
the product that the surplus left over
from Inst spring has not yet been sold
and that there Is enough on hand to
fill orders. Some or the creamery men
admit that there Is a slight shortage
but they say that the surplus on hand
offsets thin and refuse to raise on the
present price for that reason.
Thfr was soma talk Saturday of put
ting the price up but this was agitated
by a Corvallls man, say local cream
ery mRiiagers, and the raise by the
Corvallls concern only brings It up to
the Portland prices at that, as the in
land oomcanv hasn't been paying as
much heretofore.
Whether the farmer Is right or the
creamery men are rlRht. is a question
which Is lust now hard to determine,
hut It looks like the c.ublic. which is
generally the goat. Is In line again for
th henrtuslan honors. Whenever ine
manufacturer and the producer clash
ami either one wins out there Is al
ways room for missionary work of the
Citizen Klxlt order, but unfortunately
there are not enough Klxlts. Prepare
for a raise.
As usual. Monday morning Front
street orlces are considerably unsettled.
Ittle produce is nrougnt in locanv
ecausv the gardeners rest on Sunday.
Watermelons Firm.
The watermelon supply Is still short
and prices aro firm, cantaloupes rrom
California are jilentlrul and some are
comintr In from Oregon farms so the
price will prohnhly remain stationary
rur the week on me nreaKiast appe
tlzer.
Other Fruits Unchanged.
"PenrM. ffraoes. arples. plums, peach
ps. blackberries and other fruits, are
In good demand vet and the supply
seems to be plentiful. Prices are un
changed. I
Front street quotations follow:
Groin. Floor and Hay.
WHfcAT Buying price, new Track.
Portland -Club, 90c; bluestem, 94c; red,
94c; Willamette valley, old. 90c busheL
FLOUR Selling price Eastern Ore
gon patents. 14. 85: straights, $4.05GJ
4.55; exports, $3.40 (f 3.60; valley. 14.45;
graham. He, 14-40; whole wheat, $4 6;
rye, S,i, J5.S.0; bales. 3.
MIL.I.8TUFFS Selling price Bran,
26 middlings, J30.60; shorts, S280
$8.50; chop. $210 29 per ton.
BARLEY Feed, $26.50; rolled, I27.C0
028.50: brewing, $27.
OATS No. 1 white. $27.60; gray. $27
per ton.
Total Tlstble apply.
Chicago. Aug. 10. Wheat,
19,098.000 against 48.486.090 a
year ago. Corn, 1,84. 000 agatntt
6,638,000. Oatsl, 774,000 against
1.801,000. Increase In wheat
over last week, 824,000 bushels.
HAY Producers' price Old timothy.
Willamette valley fancy, $13 18.60;
ordinary, $13.50013; eastern Oregon.
$117; mixed. $10jJ10.60; clover. $8
9; grain. $113)12; cheat. $11; alfalfa,
$9 iff 10.
Batter, Egg and Foul try.
RUTTER FAT Delivery f. o. b- Port
and Sweet cream, 26c; our, 24o
per lb.
BUTTER Extra creamery, ZYtyc;
fancy, 26c; ordinary, Zbc; store, lbtjf
17c.
EGGS Extra, 26c; eastern, 20 21c;
firsts, 23(?-'5c; seconds, 20g23c.
CHEESE Full cream, flats, triplets
and daisies. 14 c; Young Americas,
16pOTLTRY Mixed chickens. 12 40
ih; fancy hens. 12Hc; roosters, old,
9c; fryers, 14c; broilers. 16o lb;
feeae. spring. 14c; turkeys, alive,
7c- spring ducks. lS'SMRe lb; pigeons.
$1 25 doz; dressed poultry, IQIHo lb
higher.
Bops, Wool and Hides.
HOPS 1907 crop, first prime, 6c;
prime, 4Hc; medium to prime, 84o;
medium. 2Vfec lb; 1906 crop, 2Sftc lb;
contracts, 9c.
WOOL 1908 Willamette valley, 11
e
Chicago, -Aug. 10. Reports Of rains
In the middle west, the Increase of near
ly a million bushels over last week In
the visible supply and marked slumps
on the leading foreign markets had a
somewhat depressing influence on the
wheat pit today, and as a result the,
exoected recuperation did not take place
On the contrary, September fell off
nearly a cent from the opening and De
cember tumbled even worse.
The report of crop experts who made a
250-mile auto tourney around the Mln
nesota wheat belt that there was no
startling conditions, and the recovery
of the traders from the black mat scare.
of last week also had a slackening ten
dency, but bull Interests are not dis
couraged at these setbacks, and are al
ready massing for a determined on
slaught by which they expect to push
the market back up to the high point
of last week and even farther.
WHEAT.
Open. High
Sept 94 94H
Dec 96 Va. 96
New Tork. Aug. 10. Dow. Jones 4
Co. send out the following bulletin to
day: Americans In Ixndon strong:.
Brazil's coffee valorization plan which
na Dcen tried less than a year seems
to be a Huccess. The government Is
now holding 8,000.000 bags of coffee,
having arranged that the supply shall
not fall below the demand. Eugene V
Debs, Socialist leader, says labor la
forced Into politics because the Inter
ests of labor and capital are not Iden
tical. Victories by radical Republicans
In Kansas, South Dakota and Illinois
alarm Republican leaders. Plllsbury
crash due to SDoeulation. Cona-ressmsn
WThamp Clark predicts a Democratic
uunjjrws next session.
Roosevelt acedes to request of
Texas In regard to freight rates and
turns over matter to the attorney-general.
Keven banks report less than 25
per cent reserve in Saturday's state
ment. Twelve Industrials advance 4 per
cent. Twenty active railways advance
.43 per cent.
May
Sept.
Dec.
May
Sept.
Dec.
May
Sept
Oct.
Jan.
Sept.
Oct.
Jan.
Sept.
Oct.
Jan.
.100V 100Ti
CORN.
. 7 48
. 64 64
, 64 65
OATS.
. 48 48 Vi
. 48 4 H
, 60 f.0
TORK.
, 1552 1565
, 1 566 1 577
1646 1645
LARD.
945 945
960 967
932 937
RIBS.
892 897
905 907
8io S35
Low.
93
95 Vi
100
Close.
3A
95
76
65t4
64 S
48
4' Vi
60,
1535
1517
1627
955
910
882
892
825
iooi
77A
66.B
64H
454HA
4S
60A
1537
1S60B
1627N
945A
952B
930A
?85
S92A
885A
Stock quotations by Overbeck & Cooke
company:
DESCRIPTION.
O
a
9
r
o
n
o
Amal. Cop. Co.
Am. C. & F., 0 .
ao pro
83
417, 42
82
41"4
82 74
41 4
102
35S,
58
Am. Cot. Oil, c. 35V&I 34i 3D
Am. Loco., c... 58 1 58 I 57i,
Am Hit trar 11J 1 .1117 13-, i. 'lid
...... ... n , . . . , . o t (4 a o J .1 i
Am. SinMt. c...'102 :102 99.mi4Z
do pfd illll lilt) 109 1110!)
nnnconoa M. CO. !)U to
Am, Woolen, c. I
9 H 89 H
93'! 5 H
9 4 I 95
67'; i 67 U
Atemson, c. . .
do pfd
B. t) . c. . .
li. R. T
I an. I 'ac, c . .
Cen. Jeather,
do Dfd
C. & O. W.. c
C. M. & St. P.
C. & N'., c.
Ones. t Ohio
C. F. & I., c. . .
Col. Southern
49
4i
26
88-l 89
93 1-4: 93 Vi
93 U! 95
51 I 564
173-4 IT.'!'-, 172S 173'i
30 I 291 29 i
9S 9S
61 6
1 44 74:1 47 1 44 1 1 46 4
163 163U162,5i!l63
j 4
.! 43 44
. 34H! 35H
. j 33 HI 34
63 Vi
62 K
CATTLE 10 CENTS UP
UN CHICAGO MARKET
Chicago. Aug.
celpts today.
Chicago
Kansas City.
Omaha
10. Stockyards re-
6 4
63
20
C. Southern 2dv).
C. Southern, lst.nl 62 i
Corn Products, ci 19 7i
Del. - Hudson. .'17SHUT4 1173 1173 i
1 I..M X II t OtaZ! o-tsz o-nf
Hen. & li. (T.. p. .1 I 68
Erie, c 24 24V 244 1 24'4
Erie. 2d p.'. 30 30 I 29V 297
Erie, let p i 4ft I 40U.i 3 9 7i I 403..
O. Northern, p.. 1 3 S : 1 3 9 1 1 3 S ' 1 3 S -
42H! 43'
33
53 4
62 i
19
35-H
33 Vi
63 H
63
0
Illinois Cen.
139V41S9
111 Jill
aiH 32
I 64
Hofrs.
.51.000
. 7.000
2.600
Cattle.
19 000
18.000
3,500
Sheep.
25,000
6,000
J1.U00
Hoes opened strong today at 10 cents
nigner than Saturday, lert over 5.000
Kecipts one year ago.
3 4.000. Mixed
are $8.15i?6.80: heavv come at J6.60!(i
6.80; rouirh. J6.15S6.60: light, $6,100!
6.70.
Cattle Strong-. 10 tents hljher.
Sheep 10 cents lower.
S 15c
MOHAIR 1907 Nominal. 18Haic,
curt-DUVTVQ BK.arlnv in Vt II.
each; short wool. 25(840c; medium Coal 28. Mohawk 69, North Butte S4Vn
Portland Iivestock Receipts.
Portland. A,lig. 10. Receipte today:
Cattle 60; hogs, none; sheep, none.
Prices remain unchanged, but cattle are
stiffening: slowly.
Official stockvard nrices todav
Hogs Pest stuff, t6.76; blockers and
China fats, $6.00ff 6.60; stockers Snd
feeders. JS.005-50.
Cattle Select eastern Orearon steers
J4 0.0; medium, $3.00(33.75; stockers and
leeaers, 3.oojS.26; medium steers,
$3 603.75; best cows and heifers. 13 00;
medium cows, $2 50J?2.75; stags. $2.60;
bulls, $2.00(2.60.
Sheep Best wethers. $3.25; spring
lambs. $4.26; straight ewes, $2.252.76;
mixed lots. $3.00.
Veal Choice young cslves, $5.00;
heavier and roufrh. $8.60 4.00.
68V 67V4' 67
69
90
110
43V4
74
64t
128H
87 7
25
82V4
19
3774
29V4
Boston Copper Closings.
Boston Maas., Aug. 10. -Copper quo
tations, furnished by Overbeck & Cook
wool,' 60o$l each; Ion wool. 76c
$1.25 eacn.
HIDES Dry hides,. 13g14c lb; green.
606V4c: calvee. green, 810c: klpe,
t7c lb; bulls, green salt. 4c lb.
TALLOW Prime, per lb. J04o; No.
i and grease. $2740.
CHITTIM BARK 8 0 4e.
Trulta and Terets'Dlea.
ONIONS California. $1.26; WalU
Walla, $1.26 per sack; garlic, 15c lb.
POTATOES New. selling. 11.1001-25;
buying, R5tfji90e per cwL
APPLES New, $1.00.
FRESH FRL'ITb Oranges. 14. COO
4 60; bananas, 67c per lb., crated. 6c;
lemons, $o.265.75 box; grapefruit, $4
0 4 60, pineapples, Hawaiian, $3 3.60
doi.: cantaloupes, ii'iZ: apricots,
76c $1; blackberries, $1.60; peaches, 85c
?$1: pears, $1.502; grapes, $1.60;
mrerrif, $1.00(01.10; loganberries,
90ff$100, cherries. Royal Ann, 3c;
Ijmibeits and Blngs. fancy. $2 box;
watermelons, $1.50 1.75 cwt. ; currants,
$1 60 crate.
VEGETABLES Turnips, new Oregon,
20c; beets. 20c; carrots, $1 60 sack;
parsnips. 1 5c (S $ 1 : cabbage, $2.26; toma.
toes. 75c(Jf$100 box; beans, 7c: cauli
flower. California crate. $1750100;
peas, Oregon, 3 74 0 6c; horseradish.
leiOc; artichokes. ( ) dos; green
onions, 16o per doi; peppers, bell, 8c;
PM1 I: head lettuce. 263300 dos:
cucumbers, local. 20clT60o doi. : radishes
He fin. Puncnes. cMry, fOC4Jl.za;
gooseberries 6c, eggplant. $8o; green
corn, lucpsuc not
Orooezlea, Vnta. n.
SUGAR California Hawaiian Re
finerytube, $60; powderea $1.46;
berry. $6.26; dry granulated. $(.$; XXX
granulated. $C.li: conf. A.. $.$; extra
B.. 85.80: golden u.. so L) yellow.
$6 66; beet granulated, $4.05; barrels.
He; half harreis. iuc; Doxee. c ad
vance on sack basts.
(Above prices are 10 dara net caaa
Quotations )
HONEY New 16c per lb.
COFFEE Package brands. Ill 10
SALT Course Half ground. 100a
$1100 per ton; 60c, 111.60; table, dairy,
60s, $1160: 10s. 11(00; hal-s. (lit;
company:
Olroux 4, Superior and Pittsburg
14 V Allouea 80, Atlanta 14 H. But'e
Old Dominion 41V Parrott 28 V Qulncy
96, Shannon 16, Trlnitv 24. Victoria
6, Wolverine 143, Vtah 46. Royal 22V
United Copper 1SV Black Mountain
3 74. Cumberland Ely 9, Dominion Cop
per 274, Nipplsslng 1, Lake 13. Ad
venture 974, Arcadian 4, Bingham 60,
Calumet & Arizona 127, Central 81, Cop
per Range 80 -Greene 12 7k. Michigan
13 7. Nevada Consolidated lf, Osceola
116, Tamarack 75, Boston Consolidated
14.
Xmt York Cotton.
New Tork, Aug. 10. Closing cotton
prices:
Open High. Low. Close.
Jan 924 929 908 909
Feb 911
Mar 928 928 91S 915
Aug 101 6 1016 994 995
Sept, 959 960 954 94S
Oct 951 965 933 933
Nov 926 927 920 91 7
Dec 929 929 913 914
25
23 Ti
5674
166 7,
82 74
S64
do pfd !101V102V11
129 74
8874
26.
827?
19
68 I 5874
87 I SS?I
1 0 K V 1 1 0
4 2
64
14274
26
126
96 74
36
L. & N 11117 11174
M.. K. & T , c. .1 32 ! 32 W
M K. & T. p. . .! 1
Distillers ! 3 S 74 ! 38V 38 38U
--.. t .i . . I uti.r ?oi 1
wic i,aiiiia 1 ni
Missouri Pac. . . . 68
National Lead . . 90
N. T. Central. . . 108 '4
N. Y., Ont. & W. 43 Vi
Norf. K- West. c. 74 74
ao irii
North American. 64 7i
Northern Pac. c. 143 H 1144
Pac. Mall SS. Co. 26 I 26 74
Pennsylvania Ry. 1 25 ll 26
l-'CO. ., I.. & .. 9Hi yn
Pr. Steel Car c. . 8 6 74 1 3 6 74
00 pra r
Readln- c
do 2d pfd . . .
do 1st pfd . .
Rep. I. & S. c. .
do pld
Rock Island c . .
do pfd ......
St. L. & S. F. 2d p
do 1 st pfd . .
So. Pau., c I 9 6 74 9 7
do pfd 111814)119
So. Ry.. c 20 V 20
no pta tu
Texas ' 'Pnc I 25
T., St. L. & W., c 24
do pfrt 56 V 68
Union Pac, c . . . !l 57 Vl 59 7
do pfd I 83 83
U. S. Rubber. .. .1 36 I 37
127
86
24
81 H
IS -4
3 7 74 ' 36
30
2974
95 "4
118V4
20
51 V4I 51
25
25 74 1
74 7?
80
64
144 Vi
25 74
126
964
36
96
128
8774
85
25
S2
18 74
37 W
29
50
96 74
118
20
6174
25
24
5774
159
8ZH
36
IT. S Steel Co.. ci 47; I 48
do pf1 11 1074'llOTi
Wabash, c I 14 I 14
do pfd I 28 I 28 14
W. U. Tel I 57 I 57
Wis. Cn., c .... 21 I Z2
an pril
Wheeliner. L. K
WeistlnghouFe
1101
47 47
109 110
27
67
!1
57
22
42 44l 42; 44
To the American People :
If ever In the pastT have earned consideration for truth toll
and wArnlngs flown r now demand for the statements that fol iw
your best thought and closest heed. This Is the first of thr,. nil
vertlsements displayed today In like space lr. the great newspapers
of the world, and to be repeated tomorrow and the day after in like
space In the same publications. I have never written, shall t,eor
write, anything: of graver Import to you and to myself.
I purposo to set down your actual financial condition, the un
derlying; moves by which you have been cornered, what ymir t.
tlon means to you, and the Inevitable, consequences alien. I. My fa tn
are too stern for breakfast-food smoothness. You must take straight,
strong man-faBhion talk If you would get good from what I v.. g.,t
to offer.
These three advertisements are preliminary to a fourth, In which
f shall put before you a proposition, the most startling ever man.,
by a responsible financier. A proposition radical a.s an airship,
though sound as a diver s bell. But to grip Its tremendous poten. j
you must follow and digest the A. B. C. s of my argument.
The situation: . .,, ,,
FIRST The reign of Roosevelt Is over. His eat-em-allve te"h
have been drawn by the system's expert painless dentistry. Ills pa
pier mache battering ram, which made echo for his war whoops,
has crumpled up against the hard, yellow metal bulwarks of the
dollar hordes. The muokrakers. having laid down their tools. ar
busy enameling the srlossy surfaces which they scratched, the dally
papers bulge with accounts of the charities dispense! by Morgan and
Rockefeller, with the peoples money; the weekltesHrlnt the photo
graphs of these financial guardian angels, and throughout the land
resounds the trusts' new slogan, "Let us alone.'
True certain of the system's petty officers are In Jail, a few
more Intermediaries have committed suicide and the system hns
been deprived of the services of some of those "Higher tips," who
prefer the European climate, but the system's banks and trust com
panies have been fumigated, the Standard Oils, steel trusts nnd
Union Pacific have been revarnlshed. the system having furbished
up its tools, sees it ooportunlty again at hand, and Is ready to get
back to its old business. I know the workings of the system. f
have complete knowledge of the methods by which, during: the past
60 years, the svstem maHter have appropriated to themselves thi
billions that belong to the people, the same methods by which they
now purpose to ann-x tho people's earnings In 1908. I know how.
by use of this stolen wealth, they have acquired authority to such
a degree.
FIRST. That panics which wreck system-opposed banks, trust
companies, railroads an.l Industries, wiping out In a day the peoples
savings of year", can be and are produced at the will of a few men.
SECOND. That Presidents can be, and are, forced upon the
people at the blddinsr of the system.
THIRD. That Senate, Congress and Courts can he. and are,
tricked and corrupted Into legally compelling the people to bend their
necks for ee.ch additional burden.
FOURTH. That the price of the necessities and luxuries of the
people can he, and are. mado and controlled by direct an.l BVitem
mnde taxation, Amounting to billions of dollars annually, which
billions go to swell the fortunes of those few whose only right to
this wealth Is their ability, by the use of those fortunes, to compel
the people to do the system's bidding.
Mv opportunity:
Realizing the power of the system, the means through which it
had been attained and how.lt Is even now being employed. 1 know
It would he frivolous for me to come before the people an.l request
them. In any ordinary way, to help me destroy the system
Years ago I began to n-arshal mv plans, and, single-handed. I
have hewn to the lines of them, now Inside, the system's camp, now
outside. In the courts- and Legislatures, then shoulder to shoulder
with the head of the Government. In the press. In magazines and
in books, sometimes apparently losing ground. I have made constant
headway until at last I have reached my objective point.
I have waited until men could Bee for themselves that these
financial potentates upon whom they looked as th great person
ages of the land were the meanest of thieves, that they daily com
mitted crimes worse than those. I laid at their doors years ago, when
the world exclaimed, upon reading them: "He must be crazy." and
that the mighty power thev possessed was superior to the will of
the people and overrode the law, institutions and government of our
country.
For vears 1 have maneuvered for the position which Is mine
todav. In that time the system has tried by all the ingenious, un
scrupulous tricks of which it is the master, and through all the de
vious, powerful agencies which are at Its call, to discredit and crush
me. At the cost of millions to Itself it has falsified my predictions
(as In Yukon), causing enormous temporarv losses to my friends
and bringing down bitter criticism upon myself
I am now ready with the Instrument by the direction of which:
Boston, August 10, 1908,
FIRST. The American people will come into the billions of
savings, out of which they have been plundered during the past half
f. ntury hy that adroit, monkey-.: nrisclence.1. all-powerful few whom
I hae lantern-sllded to the world a.t ti e svstem.
SECOND. Such robberies will be rendered Impossible for the
future.
THIRD There will be vi rested from Wall Street and the system
vast sums annuallv during the mtniin; years
FOl'HTU. These millions will po r., iiio people, from whom
they have been stolen by Wall Htreot and li e system
FJb'Tll. Every man and woman poKsesh.-.l .,t' a Mingle, dollar can
t'irn It first Into 12, then Into $10; every man and woman with $100
can turn It first Into $;rtrt, then into $i,.iOtj. This will be made so
plain that all will see and understand.
In the accomplishment of these 1 1 1 . 1 rr h this Instrument will be
come the most powerful financial .-nKine In The world.
It Rill make nnd uninak at w.ll the prices of billions nf stocks
and bonds which today represent tho practical ownership nf the
Nation. It will bernme a power in politics until scheming Presl
den's, mercenary Sena:es. venal on r-sses, gasplng Rockefellers,
unscrupulous Harrlmans and arrngaiu .Morgans ulil bo made by it
ill l.ct servants of the people.
All this sounds like a tale from the Arahlan Knights, but those
who real must bear in mind thet It Is put out by a sanr man who
respects the opinion of his friends and a. 1.1 t.-st.K th.se of his
cr'.t'os. by a business man who know s the value .,f the $ 1 50. '.no which
It. costs to print these advertls. ments by a man who Is not a
dreamer, but a doer.
Mv own equipment-
In demanding the attention of the American people to this series
of n . 1 ert Is, -merits. It Is necessary for me to Justifv mv own capacity
as the rlpht agent for the work. 1 denlr?. therefore to point to the
fulfillment of scores of startllrit;, nn.l. nt the tlnrtf thev were pub
llshe.l, apparently absurd predictions and to the accomplishment of
uianv seeming impossibilities In finance.
FIRST. I am the onlv man who has pnbllelv nnd world-wldelv
advised and predicted In finance who has ljved and remained solvent
long- enough to point to the fulfillment " his predictions In my
time three generations have come to Wall -Street, and two have gon'a
from It. nnd yet In the lat year, mv t hi rt v-f I f t h In finance 1 pail
to the press more money for advertising than any financial' adver
tiser ever paid 1 his lifetime. The amount of monev paid to the
piess l,v an established and continuous advertiser Is the best evi
dence of the soundness of his published advice.
SFCOND I have made mistakes, hut 1 have piloted the public
Into hundreds of millions of dollars of profits
THIRD. For almost 40 venrs I have been active In the finan
cial game, during tho last 20 of which, while playing for position
11 mVV 18 .Iay for lallnr,ln mv remedy, 1 have paVP,1 hob
. 1 " " ."-" "i nnanciai powers, producing bull
panics and bear panics, nnd, during that time, although opposed hv
the greatest power In finance. I have succeeded In selling to the
more dollars' worth of stock than anv other man or groun
publl.
of men.
. 'HRTH.- In that long time I have never once been cornered
by N all street, the system, or anyone. On the contrary, I have
made for myself sroiel of millions of dollars aiid attached to mvself
a personal stock market following of hundreds nf thousands of re
sponsible nnd Intelligent people located in all parts of the world
FIFTH. My iafct advertised campaign (Yukon Gold)', only 'four
days long, a!' hough opposed by the powers of Wall Street and. the
system, culminated In a whirl which monopolized the entire machin
ery of all Street. State Street and other financial centers and re
sulted In a volume of stock dealings which broke all financial
records.
SIXTH. At tho e.ld of 40 years' bitter warfare In Wall and
State Streets. I am now more closely associated with the directors
of finance, business and Industry than ever before, not because they
wont me. but because they need my help.
SEVENTH. In all my 40 years' work I have told the public
what I believed was for their ln'erest, regardless of Its effect on
myself, my associates or the system.
There's enough here to justify me In demanding that every
American who wishes to better his condition and make life mori
attractive to himself nnd those depending on him. should follow
with the closest attention the argument set forth In these adver
tisements. Then. I ask only that he study my Instrument, and If
satisfied, that he then tnke boldly Into his own hands the means
which will give him his just share of the vast wealth out of which
he has long been defrauded, of the richest and most productive land
the world has even known. v.nvj muu
MIND yor-my fourth last advertisement will contain tho
fJnanrfeV proposition ever made by a sane and responslbla
This advertisement will be continued here tomorrow.
THOMAS W. LAWwSON
AFTER YOU HAVE READ THE ABOVE, AND WHILE WAITING FOR THE NEXT CHAPTER REMEM
BER: THE MOST TERRIFIC BULL MARKET THE WORLD HAS EVER SEEN IS NOW ON
THE WAYS. WHEN IT IS READY TO CULMINATE ALL GOOD STOCKS WILL
HAVE DOUBLED THEIR PRESENT VALUES. ONE PARTICULAR STOCK
WILL HAVE MULTIPLIED ITS VALUE TWENTY TIMES.
Total sales, 917.100 shares.
Northwest Hank Statement.
PORTLAND.
Clearings today $1,082,776.65
Year ago
Balances today
Year ago
TACOMA.
$
1,678.783 30
87.4fi7.45
145,553 05
Clearings
Balances
Clearings
Balances
747.712.00
40.2S0.00
SEATTLE.
. ..$1.$78.869 00
217.137.00
Xorthwest Crop Weather.
Oregon and Washington Fair tonight
and Tuesday: northwesterly winds
Idaho Fair and cooler tonight. Tues
day fair.
t. S. Government Bonds.
New York, Aug. 10. Closing quota
tions:
?s Registered. 1930 1034'q;104
2s Coupon. 1930 103 .B
3s Registered, 1 908 lOOHtflOl
3s Coupon. 1908 10010174
Ss Small 1908 100 44ft
4a Registered, 1925 10H121
4S Coupon. 1925 ill hi
Panama 2s Registered 101
Foreign Grain Markets.
Antwerp. Aug 10 Unchanged.
Liverpool. Aug. 10 Closing: Wheat
to "d lower, corn. Hd higher; Sep
tember wheat 7s 6 74jd; December 7s
ASKING PRICE
BREAKS BADLY
Three-Ont Slump Marks
Closing of Session at
Board of Trade.
Imported Liverpool. Sfs. $20.00:
$11.00; 4s, $18.00; exira c
la, $e and 10a. $4 6001.50;
extra fine barrels,
LlTerpool
lumn rw-k. no 10 rer ton
RICE Imperial Japan No. . e: No.
I. 64 0SSc; New Orleans, bead. Tc;
Ax, ( ); Creole. ISf
BEANS Small white, $.7I; large
white. $4 7$: rink. IJ 16: bavou. $116;
Um as. $ 85; Mexican red a ( ).
Ma to, risk aaa FionaMSMl
rREd8a.O M&ATsl ryon street
Hogs, laser. lVeo lb; ordinary, te;
large, te. Teal, extra, c ear lb;
Ordinary, ieHo pr lb; heary. . Se per
lb; muttoa. fan or. 76 7 He per lb; spring
iamb. lUIHc lb
HAMS. BACO. sTTC rortlssd (tack
(Wftli hair. a. 1 to Ik lbs. 17c per la;
r-iwakfaet bwn UOzlfee lb; ptmts,
lie par rb; cottar roll, lis lb: res-alar
aort cieara mm 11 7 lb) baoas.
smoked. ItHc lb: smoked short clears.
UHC id: clear Deins.smoKea.i3Hc 'd:
shoulders, 12c per lb; pickled tong-uea,
70c each.
LOCAL LARD Kettle leaf. 10a. 14c
per lb; 6s. 14Te per lb; 60-lb. tins.
11 He per lb; steam rendered, 10s. 13c
per lb; 6s. 13 Tic per lb; compound, 10a
74C per lb.
FISH Rock cod, 1174c lb: flounders,
(e per lb; halibut, 6c per lb, striped
bs. llic per lb; catfish, 11c per lb; sal
mon, Chinook, o lb; bluebacks. sc lb;
?t eel head. 8c lb. herrings 6c lb; soles,
e per lb; shrimp 1 Oc per lb: perch,
(c per lb: tomcod. He per lb: lobsters.
l$c per lb: fresh mackerel. c rr lb:
crswfieh. 10c per dosen; sturgeon. 11 He
per lb; blsck bass, 10c per lb; allrrr
smelt, 7e per lb; black cod. 7 He lb;
crabs, $1.0001.60 dosen; shad. IHc; rot
snan ec; naa roe. iic id
OT8TER8 0hoalwatar Bar. oer rat
ion, $1 10; per 100-lb sack. $6 00- Olyra-
ria, per gallon, II. 40; per 100 ID sack.
14 0004 66; Eagle canned. 0c can. 17. u
dosen: eastern In shell. $1.76 per 10.
CLAMS Hsrcshell. pr twx. $140;
rasor clams. $1.00 lr box. lOe per doi.
raiata. Coal. Oil. m
ROPE IMre Manila. 11 e; standard.
lie. slsaL. 7c: I. B. sisal. IUa
Ll.N8E.ED OIL Raw. bbla.. n:
rases, 6c; boiled, bbls.. (c: ease. He
a rai: iota or Zk canons, is laaa: all
oak meaL $14 ton.
BENZINE It dec, eases. 1IH per
gl- Iron- bbla, llfec per gal
TURPENTINE lj caaea. fie per gal;
rood bb'-a. te per sal.
WHITE LuP Ton lota Ta er
lD;i"-!t tots. s i: ieee iota, lit in.
6'd. September corn, 6s Sd
Berlin
Aug. 10
higher
Budapest Aug, ln-lower.
-Wheat closed
Wheat closed
Trolley Accident in Canada.
(I'nltnJ PreM Lrtsed Wire.)
London. Ont . Aug. 10. Two are
dead, four are fatally Inlured and seven
are seriously hurt as me result or a
trolley wreck near here today. The car
was going st a high rate of speed when
Portland Board of Trade
Receipts.
Wheat, 41 cars 2,906 sacks
Barley, 4 cars
Flour 800 sacks
Hay, 6 cars 160 bales
FARMERS PLEASED AT CROPS.
rmatillans Await 5 Cents for Their
Rumper Yields This Year.
With wheat off two cents from the
high mark, but little has been sold to
day, although the gmin offices have
been thronged all day b farmers who
are now half through threshing and
who are watching the market ten
dencies closely says the Saturday Fast
Oregon lan of "Pendleton.
Farmers ' display a most optimistic
spirit, are pleased with the crop yield
and are most than pleased at the pros
pects of an advance ln the prle. and.
taken all together, the situation Is bet
ter ln this city and county new than
ever before at this season of the year.
The merchants also did an excellent
business today. Large quantities of
hurvest supplies were sent out, Indians
were In the city with monev with
wh-lch to pay old bills and do trading,
and a general aid of cheerfulness and
gno,l feeling prevailed as In the olden
days before the bugaboo of prohibition
spread Its wings over Oregon.
With the close of the harvest sea
son farmers will begin to move back
V,n.-,t n-1H nnan nn C.T,Uml,.r 7 o n, CrS refuse tO let SO at anv nrU.
so within a month practically all of I offered and if they" were to be threat-
tha farmers and summer resort camp- 7"" wim a aniiar a oushel at this time
ers will have returned, harvest will u Is doubtful if anything would be
hnv. been f n sherf and the fa sea- "i-ii iuubb.
son will have opened auspiciously.
Farmers are showing much Interest
In the fair, and the number and quality
nf exhibits will be better than ever,
ajid the fall season promises especially
well for Pendleton and Umatilla county
MILLERS OFFER 94 CENTS
Nothing Stirring at Loeal Wheat
Mart When This Price Is Quoted.
Portland millers are offering 94 cents
for bluestem and turkey red today and
90 cents for club. Little wheat fs be
ing delivered at these prices. The mtr.
n. i ia m a Btaiuiswu looay. The grow-
PORTI.AND GRAIN MARKKT.
Sept.
Dec.
Sept.
Dec.
Open
95 A
96 A
.1?? B
.1124B
High.
96 A
OATS.
12I4B
Low.
'92 A
122 B
Close.
95 A
92 A
122HB
122V.B
A break of S cents ln the asking
price for wheat was the feature of the
local market at the board of trade this
morning. Traders who scorned bids of
92 cents Saturday were willing t- s!l
at that figure today, but could get no
offers.
The slump in the markets of the east
it left the tracks at a sharp curve and I Saturday and rarge receipts of hnt
passengers into the here this morning are partly responsible
precipitated
streel
the
for the slackness in tho wheat pit.
.Vruia NAlLaWrsat baaX Ma,
Salaried Men and Women
We number jthtu -..,- rlrpntitor many men and women
w!io earn their !ivr!ihcH-vd and who appreciate the importance
of depoitir(t their alary and nijririg their living and -ether
rxpcnsei by check. Thu r'n coin nothing and enable them
in many cae to accumulate a competency, to pronde for
?tckni rt loi cf employmcrt. We give painstaking atten
tion tr ail account, whether large or malL
Merchants
Savings & Trust Company
247 WASHINGTON STREET
Paiu-Up Capital $150,000.00
Makes a special feature of trust business.
Holds titles pending sale or other disposition of prop
erties. Cares for estates under will, or for executor, administrator
or guardian.
Trustee in bond issues, escrow, etc
Xearlv four millions trusts now in charge.
Consult us upon any phase of our service.
Overbeck & Cooke Co.
CommkssJon Hercbants, Stocks. Bonds, Cotton. Cr&Ia. Etc.
116-211 BOARD OF TRADE BUILD IN Q
Urmbtri Chicago Board of Trade, Correspondents of Logma ft Bryma
Chcago, New York, Boitoa
W hart die only private wire connecting Portland with tkt esatera
exchange. ,
VXMBERS PORTLJLKD BOARD OF TRJLDaV '
We pay you 4 per cent to Bar
THE fIRST START
in life towards wealth and
case consists in saving a
portion of what you earn.
A homeless wanderer in his
old ape is likely to be the
fate the- man who is im
provident in his youth. As
sure yourself of a com
f rtnble old age by culti
vating the saving habit.
Our Savings Department
no: oniy guarantees abso
lute security for all money
deposited, but pays you4
per cent interest, com
pounded semi - annually.
You can open an account
with one dollar.
Two per cent allowed on
checking accouata.
AMERICAN BANK & TRUST
CO. OF PORTUND
oo Seventh 5t-, Elks Tempi
U a. RALTOM........rr.
a l MAC aiBBOM..Cahlsr.
sro rom Bvrtni catax.g-zzm
- -r- . e
Trees, Shrubs, Vines, la
" A04rM -