THE OREGON DAILY JOURNAL PORTLAND. TUESDAY EVENINO, AUGUST 11, 1908.
13
LATEST MARKET NEWS
OREGOli "BUT
AT LAST
HT STARTS
BULLISH TONE
CROP COMIFIG
. ft
UP OlipORE
Traders in Chicago Tit Look
Oil ALL STOCKS
London Trices Hold Firm
Joy for the Consumer Who
Is Tired of Tasteless,
California Fruit.
Cantnlnupe eaters this memi every
body are anxiously waiting for nont
week to happen. For next week the
long-hernlded home-grown musk melons
are to begin arriving on the local mar
kets. And then w won't have to leave;
fh.. Iirnnli Ci.it tnl.lo with n "HUIIKlll
taste. In our mouthH. Cantaloupea this
yuar huvo been unumially poor, owing
to the dry weather and the fact that
they are picked for transportation fro
California while they are green. The
llttlo melon needK plenty of sunshine
while It Is growing and when It Is
plucked before ripening the fruit loses
Its naturally flmt flavor
The price will nlso go down -with the
advent of the Oregon crop and this will
not lessen the appreciation of the con
sumers. Watermelons are still scarce, although
scattered cars are. receive! every week.
TheYe will be few matermelons from the
Oregon gardens this year but the alien
fruit Is of very good quality and tho
puhlln Is satisfied.
The poultry market Is strong this
woelf as receipts have been more than
ordinarily light and the supply Is abort.
Eggs have gone up from one to two
cents too, dealers having reduced the
heavy surplus acquired during the sum
mer. Provisions and fruits remain station
ary. Seemingly the supply or siapien
and vegetables Is quite plentiful and
prices are reasonable.
Grain, Floor ana Say
WHliAT Buying price, new Track,
rortland Club, 89c: bluestem, 93c; red,
8c: Willamette valley, old. 89o bushel.
FLOUR Selling price Eastern Ore-
rsn patents, 14.85; straights, 14.05
B5: exDorts. $3.40 0 3.60: valley. $4.4
graham, J4s $4.40, whole wheat, $4.l;
rye, 6s, $6.60; bales. $3.
MILL8TUFFS Selling price Bran,
$28; middlings, sau.ou; anoria, iianf
11.60; chop, $2129 per ton.
BARLEY Feed. $26.60; rolled. IJT.C0
28.60; brewing, $27.
OATS No. 1 white. $27.60; gray, IS7
per ton.
HAT Producers prices Old timothy,
Willamette valley, fancy, $18 9 13. CO;
$U17; mixed, J1010.60; clover, li
; grain, lll12; cheat. $11; alfalfa.
tt(10.
Butter, Egr and Poultry.
BUTTER FAT Delivery f. o. b- Port
And Sweet cream. 26c; sour, !4o
tier lb.
BUTTER Extra creamery. J7c;
fancy, 2tic; ordinary, zao, store, ity
J 7c.
EGGS Extra, 28c; eastern. 2021c;
firsts, 28 26c; seconds, 20 y 23c.
CHEESE Full cream, flats, triplets
and daisies. 1414c; Young Americas,
16Hc.
POULTRY Mixed chickens, 12 Ho
lb; fancy hena. 12'4c; roosters. c!d,
9c; fryers, 14c; broilers. 16o ;
geese. spring. 14c; turkeys, alive,
17c; spring ducks, 13!15c lb; pigeons.
$1.25 doz; dressed poultry, llV4c lb
higher.
Hops, Wool end Hldea.
HOPS 1907 crop, first prime. Be;
prime, 4 He; medium to prime. 84c;
medium, 2Hc lb; 1906 crop, iiQiSttc lb;
contracts, 9c.
WOOL 1908 Willamette valley. IS
16c
MOHAIR 1907 Nominal. 18V4$J'9c
SHEEPSKINS Shearing, 10 rf 16o
each; snort wool. 2fii;p40c: medium
wool. DOiifil each; long wool, 76ctf
$1 15 each.
HirES Pry hides, 13g14c lb; green.
6 fi Vi . calves, ureen, 810c: kips,
6?r"c In; hulls, green salt, c id.
TALLOW Prime, per lb, S4c; No.
2 :nd crease, SiffZHc.
Cl'lTTIM TtARK 3 (it 4c. "
Fruits and VagataVlaac
UNIONS CulUorniH, II. "6; Walla
Walla, $1.25 per Mick; garlic. 15c lb.
POTATOES New. selling, I1.10U'1.25;
buviM;. x " fti i'ue per cwt.
Ai'PI-ES New. $1.00.
MtiCSH FH U I Tt. Oranges. 14. 00
4.50; hammns, 640 per lb., crated, fic;
lemons, $i.2:((?.-.."5 box: grapefruit, $4
bi 4 50; pineapples, Hawaiian, $3S3.f0
doz.; cantaloupes, 2.76i!3; apricots,
7 5c fff S 1 : blacklierrles, $1.50; peaches, S5o
('til; pears, ii.hdfaJi; grapes, $1.50;
raspberries. $1.00 ji 1.10; loganberries,
90c j $1.00; cherries. Royal Ann. 3c;
Lamberts and Bins, fancy, $2 box;
watermelons, Sl.&OJj 1.75 cwt.; currants
$1.50. crate.
VEGETABLES Turnips, new Oregon,
tOc; beets, 20c; carrots, $1 60 sack;
parsnips, S5c&$1 : cabbage, $2.25; toma
' toes, 7&cfe$1.00 box; beans, 7o; cauli
flower, California crate, $1 76 3 2 00-
feas, Oregon, JV46c; horseradish.
H 10c; artichokes, ( ) dog; green
onions, 16c per dox; peppers, bell, 8c;
Chile. ( ); head lettuce, 2530c dox;
cucumbers, local, 20c(fff0c dox.; radishes
16c doz. bunches; celery. 75cBS1.25:
gooseberries 6c; eggplant. 6 8c; green
corn, zucttrsuc uoz.
Groceries, Sata. xno.
SUGAR California & Hawaiian Ra
flnery Cube. $6.60; powuerea $6.45;
berry, $6.26; dry granulated. $6.26; XXX
granulated. $.15; conf. A., $6.25; extra
t., a.u; goiaen (j., 16.80; u.. yellow,
$6.66; beet granulated, $6.05; barrels,
15c; half barrels. 30c; boxes, 66c ad
Vance on sack casta.
(Above prices are $0 daya net cash
quotations.)
HONEY New. 16o per lb.
COFFEE Package brands, $1.B0.
SALT Coarse Half ground. II
for Continuation of To
day's Movement.
Chicago. Aub- 11. Bullish reports to
day from the northwest caused a Jump
or half a cent over yesterday s close
hub morning at tue opening, ana snori
to cover forced tho nrloe no from 9314c
mi ine opening to 1)440 at me ciose.
uooa cuying at these prices resuiiea.
Inside traders aro preparing for tt bull
advance of from 2 to 8c on the slightest
unravorable reports.
The slumn of last week and yester
day was without sufficient foundation
to warrant Its continuation, and the. out
look at the closing today Is good for
ine expected dollar mark. 1 ne ena 01
next week should see wheat soiling at
a figure-well above the century.
Chicago. Auar. 11. Quotations
nished by Overbeck & Cooke Co.:
WHEAT.
fur-
Sent.
Pee.
May
Sept.
Pec,
May
Sept.
Pec.
May
Sept.
Oct. ,
Jan. .
Sept.
Oct. .
Jan. .
Sept.
Oct.
Jan.
Open.
93 hi
96H
10034
77
66
64
48Vi
60H
High.
94
96
J015
CORN.
78H
64
OATS.
48i
4NV
BOH
Low.
93 Vi
100 V'
77H
65H
64
474
47
49 Ts
Close.
94 hi
96 A
1014
78Vi
66
64
48B
48
60
PORK.
1B45 1555 1542 1550
1660 1565 1555 1562
1645 1650 1642 1642N
LARD.
947 962 947 947
965 962 955 967
937 937 935 937
RIBS.
890 895 887 8K7
9')0 905 895 897
825 836 835 830
and Give Incentive to
Buyers on This Side.
Dow Jones A Co.'s Bulletin.
New iork, Aug. 11. American stocks
In London this morning are steady with
some strength In Heading. Governor
Hughes will stop gambling at Saratoga
Prohibition r'nndl.lulii ft- r..l,ti..,t
C'haflu. nearly drowns. Governor of
llioama culls Out (rnnni tn rnrn
strikers. Modification of the Sherman
law to be the basis of the freight rt
J A luiinress mis winter. nana
01 uermany gains canh In week end
lianks of New York will anneal to con
gress to modify the currency law. Can-
unjan facmc shows enormous gross
cmiiiug over inoae or last venr.
Twelve Industrials advanced 51 per cent.
New York. An. 11. Following Is the
list of todays stock find untionn us
rurnisnefl by Overbeck & Cooke Co.:
DE3CRIPTION.
O
o
LOCAL WHEAT MARKET
II LETHARGIC STATE
An effort to ret wheat at 90 cents on
the board of trade market this mornini;
failed. Ninety-four cents asked at th-
opening brought no response and at the
noeo oners to sen at S2MiO were mada
uiu not eonsiiieren. Nothing mr.vod.
There was absolutely nothing dolnir in
inn oariey mnrKei.
Oats tumped b v cents from the onen
Ing but this high bid had no effect in
"ringing out any grain.
PORTLAND BOARD OF TRADE RE
IKI PT8.
Wheat, 81 cars, 2.317 sacks. '
Barley, 2 cars.
Oats, 75 sacks.
Flour. 410 sacks.
Hav. 11 cars. 557 bnles.
PORTLAND GRAIN MARKET TODAY.
Wheat
September None.
December Opened 94 bid 90 asked:
high, 94 nsked. 90 bid: low. 92 asked,
90 bid; close, 92 asked, 90 bid.
Oats-
September None.
Pecember Opened 120 bid: hieh. 126V4
bid; low. 120 bid ; close, 126V4 bid.
Latest News of
Oregon Crops
Amal. Cop. ("o. . .
Am. Car & . p.
Am. Car & F., n.
Am. Cot. Oil. c. .
Am. Loco., c. . . .
Am. Sugar, c . . . .
Am. tSmelt.. c. . .
Ame. Smelt., p. .
An. Mln. Co
Am. Wool., c. . , .
Atchison, c
Atchison, p
B. & O., c
B. & O., p
Br. Rap. Tr
Can. Pac, c
t en. lea., c . . . .
C. a a. W.. c
C, M. & St. P.
C. & N. W.. c . .
Cites. & Ohio . . .
Col. F. A 1. c
Co!. Southern, c
do 2d pfd
Corn Products, c
do pfd. ......
Pel. & Hudson. .
1). A R G. c
do pfd
Erie, c
do 2d pfd
do 1st pfd
G Northern, p. . .
111. Central
L. N
Mnnhat. Ry.
Mex, Cent. Ry. .
M. Iv. T. c. . . .
do pfd
Distillers
Ore Lands
Mo. Pacific . . .
National Lead .
N. Y. Central . .
N. Y., O. & V..
N. & W.. C
do pfd
North American
N. P..
I . M
82
42
103
36
58
136
101 Vi
49 V
2M,
89
95 Vi
172
29 -
146V
163 Vt
4 3 -"Vi
35 i
3.')
53
20
a
82H
42
108V4
36
58
136
101H
49
26 V,
89
95 Va
80 hi
41
103
35
67
135H
99',i
48
26
88
94U
to
67H 55tt
173 172tt!
3JH 29V.
7 en
147H 145
163V.I161
4.'
37 4.
34
5 4
20
1 72 Vi 174
7
24
30
40
24
30
40
43
35H
80
41H
102
34 hi
66
135H
99
108 Vt
48
26
88 v;
84Vj
94 V
81
65H
172
29Vi
145
161
4 2
35 1;
3 3 ' 3 1 14
53
19 tt
53
V- hi
78
172
27
G8
23 ! 23
29 29
39 I 39
172
27
13S?ii139ll3S!l3R'li
139:4139I138
111
17
32
64-V.
38
68
68
87 Vi
110
4 24
11!
17
32
65
38
68
58
88
110
44
75
110 I
.
31
64
37
138-
109
139
16
32
64
37
66 - 66
67 57
86! 86
108'lOSa;
42
74
riuci iLau.:
C !144;145'144
S, Co 1 21 I 26! 25
43
74
80
64
144 '4
5 U
Pennsylvania Ry.il2'i il 2 II 25 1
P. L. & C. Co. 961 97 96l S6r'i
36
128
1 . K. C., C.
r..o,llr.n. f
,il ..UlM, V 1
do icotwl pfd.1 . . .
do first pfd. .1 85
R. I. & S., c. . . 25
do rfd 81
Rock Island, c! 18
36
128
83
25
82
18
85
24
80
18
an pra 1 ii 30
i,l.ss. n. 2(ir ;a
Oregon and Washington Partly
cloudy wst, fair east portions tonight.
Wednesday fair. Northerly winds.
Idaho Fair tonight and Weinesday.
New York Cotton.
Open. High. Low Close.
Jan 904 s09 8;i7 S!i6
Fob M'8
March 910 91:1 902 9(2
Aug 991 995 9SS 9S3
Sept 93S S43 933 f30
Oct 925 940 924 9T4
Dec 916 913 899 8J9
100s.
lu.vu per ion: owe, li.oo- lahle, dairy.
Ida, 116.60; iOa. $18.00: balss, IJ.3J;
W pay rn 4 per oent t Hn
You Owe It
To yoarself and should be
paid as conscientiously as
you have paid all your
other debts. II you are a
wage-earner or a business
man you owe yourself and
family protection, comfort
and care in case of sickness
or distress. Our SAVINGS
DEPARTMENT solves the
problem by accepting small
amounts weekly or monthly
as you like,
.Try this plan start an account
with a dollar the first week,
two dollars the second, three
dollars the third and four dol
lars the fourth week and you
have ten dollars saved. Start
with a dollar again, and so on;
and at the end of the year you
have flSO to your credit. Part
of the debt you owe yourself
will have been psld. Try It.
Call at our Savings Depart
ment this week.
Two per cent allowed on
checking accounts.
AMERICAN BANK & TRUST
CO. OF PORTLAND
99 eventh 5L, Elks Temple
L. a RALSTON Pre.
a L. U1C UIEBO .V.. Cashier.
Brndstrwt's Visible Supply.
Chicago, Auk. 11 East of Rockies
Increase, 1.765.000. Canada: Pecember,
3 87,000; Europe and afloat, decrease,
500.000; total decrease, S7S.00u; corn,
decrease, 6S4.000; oats, decrease, 393,000.
Nominal Prices Only for Wheat.
Nominal prices merely were quoted
ror wneat hy Portland millers toUuy.
The quotations show a drop of 1 cent
below yesterday's market, but had any
one shown a desire to sell the old figure
could have been obtained.
do first rfd.
St. L. S. W., c.l IS
do pfd 38
So. Pac, c I 90
So. Pac, pfd !11S
Southern Ry., c. 20
Southern Rv.. pfd 51
Texas & Pacific. 25
T.. S. L. & w.. c. 25
T.. S. L & V., pf. 69
I'nlon Pac. c . ..1158
I'nlon Pac. pfd . . j 83
P. S. Ruhber. c.l 36l 36
I. S Rubber pfd.il . '102
f. t Steel Co,, c.1 47 48
I", S Steel Co., pf'110 '110
Wabash, com....! 13l 13
Wabash, pfd.... 28 28 I 27
18
40
96
118
20
51
25
26
59
159
8.1
28
35 35 VA
126!126
! 88
85
24
80
1 8 U.
a r. v. I
28
60
17
39
95
118
20
49
24
25
59 1:
18
S8
95
118
20
50
25
25
59
157 15
82 82
35 35',
101 101
46 46
10H lOH
1 s
West I'nlon Tel.
Wis Cen., c . ...
Wis. C.-n.. pfd. .
Wheel Ing-Lake
Westlnghoune
13
27 rs,
58 58 58 59
22! 23 22 23
44 44 43 ! 43
! io
77 77 75 I 74U
Total sales. 910,400.
Foreign Grain Markets.
Liverpool, Au( 11 W beat d to Id
lower; corn. d hlpher: September
wheat, 7s 4d: Pecember, 7s 4d; Sep
tember corn, 6s 8d.
Imported Liverpool. 60s, $10.00;
IlK.oo;
Mine Prices
and Reports
Grants Pass, Or., Aug-. 11 On ac
count o. being unable to keep the
smelter supplied with coke, the Takilma
Smelling & Penning company has been
obliged to close down Its copper redac
tion plant on the Waldo mines. The
long haul between Grants Pass and Tu
kilnta required a train of 125 horses and
mules, and It was Impossible for t he
company to secure enough teams. The
smelter has operated only two months,
turning out 1.500 tons of matte. The
ore reduced was exceptionally good and
the Queen of Uronze, I.yttle properties.
have larfje bodies of high-grade ore ex
posed. 1 he company maintains a crew
on the properties, arid will continue the
development work. It now seems cer
tain that the electric railway projected
from Urania Pass to Waldo will he built
before another season.
For reasons known only to the man
agement the old Praden mine of Gold
Iflll district has1 been closed down. J
V. Opp. manager of the mine, does not
100s.
4s. $18.00: extra fine barrels.
2s. 6e and 10s. $4.50 95.50: Llverrool
lump rock, $20.50 per ton.
RICE: Imperial Japan No. 1. e: No.
2. 66c- New Orleans, head, 74c;
AJbi- ( ); Creole, 6c
BEANS Small white. $4.75: large
white, $4 75: Pink. $3.85; bayou. $.8S;
Llmas. $5 85; Mexican reds. I ).
It eats, risk and Ptotisiobb.
DRiidiiliU M&ATS front street-
nogs, xancy. i u sc id: oramarv. ic: state tho ran mm for ih. ,1nr,.inn
s. v rc io; , oustness. out Intimates that It Is
ordinary. 88c per lb. heavy. . e peri through no fault of the property Itself I
It Is believed that the troubles are "in
ternal," and that they will tie complete
ly adjusted alter a few months. The
1-radvn is one of the n'.dest qurt mines
of the Gold Mill dls'rlrt and has always
To tbe American People:
r -
If ever in the rt I hve earned consideration for truths toft an tr.
warnings flown, I now demand your beat thought and closest heed i
for the statements that follow. This is the second of three adver
tisements displayed today in like space in the great newspapers of
the world, and to be repeated tomorrow in like space in the same
publications. I have never written, shall never write, anything of
graver import to you and to myself.
It would be frivolous for me to come forward at this juncture
with any ordinary proposition.
The instrument by whose agency I propose to reverse the condi
tion of servitude to which the system has-redticrd the American
people is an extraordinary instrument. But before its potency can
be grasped there must' he a thorough understanding nf the farts
and manner of the situation at hand.
Each year the American people produce billions of dollars over
and above what labor and capital are used up in the process of pro
duction. These billions should be the property of the people who
produce them, but the working of a financial trick each year puts
this tremendous profit all in the hands of a few men, the Rockefel
lers, the Harrimans, the Morgans-Smalls system. In the hands of
these few men these diverted billions become the greatest rower
in all the land, a power so absolute that it
Controls the ballot box,
Creates Presidents,
Harnesses the Senate and Congress,
Directs legislation,
Manipulates courts,
Dictates to labor,
Regulates the prices of necessities and luxuries and makes the
American people as so many dumb beasts of burden. The reason
why it is 4o&ibIe for the few to take from the many their savings
and use. ihein. for a harness that they may drive the people to
earn jiiore, just as the slaver drives his human property, is because
there has come into existence during the past 50 years a power
greater than that of the people, the power of manipulated dollars.
This power today is in the hands of a few men the system who
wield it remorselessly against the people. My purpose is to put this
power into the hands of the people to use unsparingly for the
destruction of the system. ...
The instrument through which this will be brought about is no
mysterious, complicated mechanism, but a simple device, easy to
understand, ready to wield and certain in result, a device which will
do for the people exactly what the system's machinery has per
formed for the benefit of the few, now the 100-time millionaires,
who a brief while ago, before they became possessed of their won
der power, were just ordinary, every-day Americans.
Fifty years ago there were but few American storks and bonds in
existence, they represented the ownership of a few railroads and
industries which really belonged to the people.
The annual earnings of these railroads and industries, over and
above the legitimate expenses of conducting them, went to the
people.
At that time there were no 100 and 500-time millionaires no
few men who ran the whole country, no trusts, no system.
The prices of necessities and luxuries were made and controlled
by the legitimate demand and supply.
There were but few banks and trust companies, and these insti
tutions loaned the people's deposited savings to the people at rates
of interest which were regulated to earn only the expenses of legit
imately conducting said banks and trust companies, plus a fair divi
dend on the capital actually employed in their banking business.
The New York and other stock exchanges were but small affairs,
conducted" for the purpose of enabling the owners of stocks and
bonds of legitimate corporations to sell their holdings to those who
might wish to invest in them.
Out of this necessary and legitimate condition of affairs was
hatched the monster fraud that today dominates the American
people, thwarts their will and directs their affairs.
A few financiers, the founders of the system, contrived a trick
device, to-wit: 1st They created gigantic new trusts to control the
railroads, banks, trust companies and industries cf the country.
2d They bought privately conducted enterprises, institutions and
industries from their owners, the people, at one price, consolidated
them intt the trusts and issued to themselves in stocks and bonds
of the new trusts new stocks and bonds representing 1,000 times
the purchase price.
3d-This they did to such an extent that todav there are $70,000,
000,000 seventy thousand millions of such stocks and bonds.
4th They then established ,all ox er the cour.try thousands of
banks and trust companies, into which the people (because they
had no other facilities for doing business) were compelled to de
posit their savings for the use of which they have been paid an
nually 3 to 5 per cent interest.
5th The Government was tricked into depositing the Govern
ment's money in their banks" and trust companies at a nominal
rate of interest, often without interest return at all.
nth - With these vast amounts of money all tbe money of the
country in their control, the system started its trick machinery
of making and controlling the prices of the $70,000,000,000 of stocks
and bonds on the stock exchanges.
7th Then they proceeded to manipulate the prices of stocks and
bonds, and, through false reports circulated in the press, directly
and indirectly controlled by the System, and through daily artificial
?tock Exchange activities and false sales and purchases led the peo
ple to believe that the inflated prices thus made were legitimate,
and induced the people to invest their savings at this preposterous
valuation. After luring the people in, they reversed the process.
Press stories of depression replaced those of prosperity, then Sys-te'm-conti
oiled banks and trust companies called In the illOllry 1 h,lt
had been loaned to the people to buy these stocks and a panic was
on. during the progress of which the people were frightened into
throwing over their stocks and bonds at slaughter prices, which
the System repurchased at billions of dollars less than the victims
had been induced to pay for them.
Hy this trick thee few men, the System, have been able at will to
make for themselves profits of $5,000,000,000 to $10,0OO.fXXlOO0 in
each of the market swings that they have engineered. Think of it,
$5,000,000,000 to $10,C)()0,000,000 or 2y2 to 5 times the worth of the
entire annual wheat, corn, and cotton cropi of n eoOnfryv !!
Nation' proudest boast
The amount the System has been able to make hat been limited
only by the amount of surplus the people have accumulated during
their periods of prosperity between each going and coming pania.
The supremacy of the System over the President, Government
and all the institutions of the country was burned into the minds ol
all last October, when, in spite of President Roosevelt's almost su
perhuman efforts to bring the dollar lords within the grip of the
law, the System deliberately precipitated the most disastrous pania
in the history of all the world.
Over one hundred banks and trust companies were wrecked, over
165 men and women committed suicide and over 100 were turned
into convicts. Thousands were thrown out of employment; cash
payments by banks, trust companies and corporations to labor and
depositors were suspended, and the produce of farms was allowed
to rot because no money could be had to move it
During this destruction the System, with the cash that it had ao
cunningly withheld from the people, laid up for themselves, at
slaughter prices, billions of dollars' worth of stocks, bonds and
property, which the panic-crazed people were compelled to throw
over to meet loans they had been led to believe would take care ol
themselves, and to protect their business, farms and homes.
During this panic the System dropped prices over $10,000,000,0001
For instance. $300,000,000 Union Pacific, from 196 to 100; $130,
000.W0 St. Paul, 176 to 90; $155,000,000 Amalgamated, 120 to 40, and
so on through the list of hundreds of railroad and industrial stocks.
These enormous losses were made by the people. The sole gainer
was the System. The property and securities which were gobbled up
during the panic by the Rockefellers, Morgans, Harrimans the
System already show the System, by the rise in stocks and bonds
which has occurred since th,e October panic, a profit of $2,000,000,
000. Is is not time for the masses the American people to cease
playing the role of asses to the System? Yes, asses. They will tell
von, these otherwise intelligent people, that the price of stocks and
bonds is no affair of theirs, because they never buy or sell any.
Let me boil this tremendous question to an A B C point.
A certain west-rrn banker had a large amount of the deposited
savings of western farmers. This bank loaned its deposits to a
New York bank. This New York bank loaned them out to System
victims, taking as collateral Union Pacific R. R. stock at 150, Read
ing R. R. stock at 150, Steel Trust stock at 50, and Tennessee Coal
& Iron stock at 160. In the panic the New York bank could not
sell its colbteral and it "busted and the System bought from it
Union Pacific at 100, Reading at 70, Steel Trust at 20, and Ten
nessee Coal cV Iron at 80, and the western bank lost a vast sum of
the farmers' money, which the farmers will not hear anything about
until the next panic, when, because of these secret losses and others
of a like nature, the western bank busts.
Now, my intelligent western friends, you who never buy or sell
stocks and bonds and, therefore, are not interested in the doings
of Wall street, who do you guess got the money you lost?
Let us see.v
The Union Pacific R. R. stock, which the System bought at 100,
they can sell today at 157; the Reading they bought at 70 they can
sell today at 127; the Tennessee Coal & Iron they bought at 80,
they can sell at 140; the Steel they bought at 20 is very active today
at 47, and to quote from a leading New York daily: "The trustees
for the widows and orphans of different estates all over the country
are flocking to Wall street with the proceeds of their July dividends
and coupons and putting them into Steel at 45, and it looks like a
good investment, too, although it would have, perhaps, been wiser
if these trustees had bought at 20."
The widows and orphans did not buy at 20. No, they sold at 20
to Morgan and his associates what they had bought from Morgan
and his associates at 50. and they are again buying from Morgan
and his associates at 47 what they sold to Morgan and his asso
ciates at 20, and in the next panic they will again sell at 20, and
Morgan and his associates will again buy and be hailed by the
people as the panic-stopper, the people's savior. And there you are.
Four years ago, in "Frenzied Finance," I warned the American
people of what was coming, and, though they read, understood and
were on their guard, down they went before this financial blast
like spears of wheat before the reaping machine.
There is no power on earth to prevent these few men, the Sys
tem, from working this trick in the future, as they have in the past,
the people remaining as powerless to help themselves as they art
today, for, when any few men in America can possess them
selves at will of the billions of the people's savings, nothing is be
yond their power, and all the people can do is what they are doing
now, frantically wringing their hands during panic times and thank
ing the Lord, when panic times are over, it was no worse; while
the System builds up another period of prosperity preparatory to
another shearing. I repeat, no power on earth can prevent these
men. but the power of the people to take the System's game into
their own hands to be worked by them upon the system.
The motive power today in America in all the affairs of the pecK.
pie is the capacity of a few men to raise and lower the price of the
$70 000,000.000 of stocks and bonds, for, through their rise and
fall, the price of necessities and luxuries and labor and interest are
controlled, thereby creating "Prosperity" and "Hard Times." If
the few can control the price of the $70,000,000,000 of stocks and
bonds, the people will for all time be robbed of their savings.
If the people can control the prices themselves, they will not onfy
be able to get back the billions of which they have been plundered
and turn the 100 and 500-time millionaires, the Rockefellers, Harri
mans and Morgans, into ordinary Americans. With the instrument
of which I have at last gained possession I propose, after twenty
vears of active plotting, scheming and maneuvering, to place in the
hands of the people the power to control the price of the $70,000,
000,000 of stocks and bonds, that they may bankrupt and destroy
the System and come into their own.
(Signed) THOMAS W. LAWSON
Boston, August 11, 1908.
This advertisement will be continued here tomorrow.
lb; mutton, fancy, 70 7 Vic per lb; spring
lajno. i b i c id.
HAMS, BAto.N. tru Portland rack
(local) nama. io n is ins. lie per lb;
brsakfast bacon. 1 i -f r 2 3 V c lb: nlcnics.
11c pr lb; cottage roll. Mr. In: renular I " a s'r,rI na nns always
short clears smoked. i:Se lb; backs. 1 befn Hood rro'lu.-er It Is now de-
oi"i"u i, n i,riin 'ii null irl. A year
io us oia mm wa torn down and r
smoked. HHo lb; s.-nokerl short clears.
llHe lb: clear bellm. smoked. HHc 'b:
shoulders, 12c per lb: pickled tongues,
70c eacrta.
LOCAL LAJtn Kettle lesf. 10s. 1 c
rer lb: 5s, 14 4e oer lb; RO-lb. tins,
IHc per lb: steam rendered. Ids. lie
er lb; bn. uc por id; compound. 10s.
IVe pee lb.
riSH f
EASTERN HOGS 60IH6
UP 10 CENTS A DAY
Rock col. lUit lb; floimders.
io per lb; halibut, Sc pr lb; striped
Mil, jec tier id, ratxin. 1 ic per :p; nai
man, chlnook. c lb: bluebacks. tc lb;
steclhead, Sc lb: herring lc lb; soles,
"c per lb; shrimp 10c per lb; perch,
e per H; tomroi, lie per lb: lobsters.
tic per lb; fresh mackerel. e per lb;
crawfish, JOc per don; sturgeon. lH4c
per lb: black buss, tOc per lb; silver
melt, "c per lb; Mark cod. 7Ho Ik;
crabs. 11. 0001. IS docen. shad. le; roe
shud e, shad roe, II He lb
OT8TERS Phoalws'er Bar. per -l-
Iam II KA tNr ISA. IK mW ft AS -
pla, per rallon. II 40: rer 100-ln urL
If 00e 60: EafU canned. 0e ran. IT.
doen: esetem In shell. 11.71 per 100.
CLAVS-nsrshelL per fcoi. It 40:
rstor clams. 1100 -rr box. lOe per do.
Mata. OoaX OO. m,
ROPE Purs Manila. llc, standard,
lie; Uni- H sisal. IVe
BENZINE J-. raeea. It He PT
ftl. iron bbla. llc per ai.
TVRPEXTIXB In cum, t ft rU.
wood bb.a. (tc per sraL
Li.VScbD OiL Raw. bJ rie;
cases. ir; kMtUed. M).. Ik, case. !
a J: lets er II (ailona, Is lm; 4J
cake treat. 114 ton.
WH1TK I-KAr T Iota 1t r't
ft)- Bf-ll lot. e lfc; leva loti I We t.
WIRE NAILS rraaest basis, Uu
placed by a larger one. Other Improve
ments were mi le nn the property, and
it has been operating; for several months I ceipta today
on a lnrge scale
The etrike made by Wintering; s Os- Chicago ...
good on thetr (juarti claims located on ' Kama City
tr.e ireg.-in- aurornia rtlvloa. Is develop- Omaha
;ng into one ni tne Diget and richest
Chl-aa-o, Aug. 1 1. Stockyards ra-
Hogi. Cattle. Sheep
B.nOO 4.000 11.000
12.0i9 17.000 0 000
6."0 1.400 12.600
Hos opened 10 cents higher. Iyeft
from the strike are thtrkly peppered heavy. liii&tHH rough. 16 26 600
alth gold Conservative estimates i light. $ :03 &2. cattle, steady; sheep,
placed cn the ore tvw1 give It values of I weak.
from I0 to .0 a ton.
propositions found on the SIsk'vons for oer reter-!ay s.500. Keceiptr year
Samples .or ore brought ago la uc" iiiea am
everai ears
.Northwest Ra jk Statement.
POR.TLA.Vr.
Clea-lngs today I 7 SS It
Tear ago l.l'I Irl II
Ba:anres to!ay 40. M! 51 '
Tear igo 174 414 74
SEATTLE .
Clearings toav 11.(14 1 1 so '
Balanrea todar 111.01(00'
TACOMA.
Clearings tetay I
Balanrea today
Xo Hog Received.
Portland. Aug. 11. Raeefpta
livestock at the Po-tlaml sto. kvards to
dsy were as follows. Cattle. 350: sheep.
750; hogs none. The market contiues
at tho same prices whlrh ruled yester
day anj las' week !! nr are firm, as
arc cattle. Sheep uie ik
Official ftockvat-i prlees today:
Hogs B"St Mtuff. I75. ( lookers, and
China fats, 00 m 6 60, stackers and
feeders, 6.00 ft 6 fin
Cattle Peleet eastern Oregon steers.
14 00; medium, S3.0ftfi3.76. stockers
snd feeders. 13 000.125. medium steeri,
IJ.SOtiS.76; best cows and heifers. 3 00,
medium cows, 12 50 92. 76. stags. 12 50.
bulls. 12 00 0 2 50
Bheep Besi wethers. IJ25. spring
lambs. 14 26 ; straight ewes. I2 25 ir2"5:
mixed lots. II oo
Veal Choice young rslves. S6 00;
heavier and rough. 13 50 4 ('0.
Foreign Kxrhange.
New York. Auir 11 Cables. 4 5:
of demand. 4 46 4 S 10 : (0 days. 4S
W" M Lao Paca
4 (05
42,151 t
CTitrairo Butler and Egg.
Chicago. Aug 11. Patter, lc higher.
Eg richer d Receipts: Butter.
MM; egga. s.l
8aa FYajtrlwco Barley,
fan Pxw'ea. Aag 11. Parley. D-e-wrer
II It bd. t4laaad, Others
u nc bac ( ed.
TT To B Wmxo V P.
PORTLAND OREGON
Salaried Men and Women '
We number tmongr our depositors many men and women
who earn their livelihood ind who appreciate the importance
of depositing their jalary .and paying their living- and Other
expenses by cheek. This plan costs nothing and enables them
in many canes to accumulate a competency, to provide for
sickness los of employment. We give painstaking atten
tion to all accounts, whether large or amalL
us:.
A r. LOCK WOOD.
Gen art' Manager.
IASIRJUCE 11 FORCE $1,491,609
.INSURE I1N A HOME COM PA IN Y
Overbeck & Cooke Co.
Cmrntssloa Kerch ants, Slocks. Beads. Coltca. Cnta. Eli
XIM17 BOARD OF TRADE BUILD INQ
Members Chicago Board of Trade. Correspondents of Logaa ft Erysa,
Chicago. New York, Bex too.
We hart the oaly pr irate wire coanectirg Portland with tie :rr
egchiPi-ea.
KEarpntS PORTLAND BOARS CT TRAf