The Oregon daily journal. (Portland, Or.) 1902-1972, August 16, 1908, Image 43

The Oregon daily journal., August 16, 1908, Page 43, Image 43

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Newspaper Page TextTHE OREGON SUNDAY 'JOURNAL. PORTLAND. SUNDAY MORNING. AUGUST 16. 1908 WEEKLY PREVIEW OF FINANCE (EDITKD nv JIMMY MTOOL) HAVE YOU Ally FANCr SPUOS? If You Have You Can Get . Fancy Trices From Alas ka Merchants. Not One Man Out of Ten on Front Street Favors Egg Grading WILLRAISEFIFTY MILUOII BUSHELS For the next three weeks Oregon farmers can Ret fancy prices for fanev potatoes,. Alaska la- supplied at this Benson of the ypr and Front street Is beslegetl with letters asking If the ! hinnd can be supplied from Portland. If there are enough spuds of the quality desired here in this slat local po tatoes will be eh'en the preference over those from SiiUnas, Oal.. which Is also In the market for a alice of the Alaska trade. Dealers of the northland prefer to pay more money and tct smoother stock, as they find this cheaper In the long run. When the nntato la not selected In uniform sizes the loss by peellnR and transportation damages amounts to mov man t lie extra price paid ror eveniy nriea sizes. The cron of snuds this year Is below the average In quantity and quality, and farmers who can supply marketable Ulllflllll'H Will CIIIIIUIH (Ml KIPIMI 1 lira. ' From $1.10 to $1.25 can he secured for the next three weeks until the ware houses of the far north have shipped enough to last over the long winter. Walla Walla Onions Klg-hsr. Produce houses In Walla "Walla have advanced the price of onions 15 cents but quotations on the street here re main unchanged tliougn very rirm. Tomatoes Scarce. Tomatoes are very scarce owing to the cool and rainy weather. Last week nearlv all the White Siilmon tomatoes ripened and the market will be pretty well cleaned up b- the first of next week. The price will probably go up by 1 per cent. Front street prices follow: Orain, Flour ana Hay. VVHtAV Kuyirif; price, new Track. Portland Club, 88c; bluestem, 90; red, 90. FLOUR Selling price Eastern Ore- fon patents, J4.S5; straights, $4.06(3 66; exports, $S.403.60; valley. $4.45; graham, H. $4.40; whole wheat. 4.(t; rye, 6s, 5 50; bales, $3. MILI.STl'FFS Selling price Bran, $26; middlings, $30.50; shorts. $283 18.50; chop, $215'29 per ton. BARLKY Feed, $25.60; rolled, $27. CO 28.60: brewing. $27. OATS No. 1 white, $27.60: cray, $27 per ton. MA i noaucers price uia uraoiny, Willamette valley, fancy, $1S13.60; ordinary, $12.60(313; eastern Oregon, $1617: mixed. $1010.60; clover, I ft 9; grain. $11 12; cheat. $11; alfalfa. Butter. Effir and Poultry. BL'TTSR FAT Delivery f. o. b- Port land Sweet cream, 28ftc; sour, 26c per lb. BUTTER Extra creamery, 37 He; fancy, 26 c; ordinary, 25c; store, 16 0 17c. EGGS Eastern, 18 21c; firsts T4c. "I think the Chicago system of grad Ing eggs for market Is here to stay The ruling Is arbitrary and was made by the committee. It can not be changed until the committee sees fit. It Is good system anyway and It ought to stay. I think It la perfectly fair. Sev eral dealers on Front street are making sales of 'extra' eggs at the prices quoted by the board of tradet Such In the statement . of Joseph Reed who was In charge of the board of trade during Secretary Muller a ab sence on a trip of Inspection through the grain country. "Of course," said Mr. Reed, "a few Front street merchants may continue to sell aa after n miscellaneous fashion as heretofore but that will make no dif ference with the quotations of the board of trade as established this week." The "few" merchants mentioned by Mr. Reed comprise such firms as those of Pryer .ft Bollam, Kverdlng fc f ar- rell. Al en & Lew s. Mason & F.hrman and nearly all the other large firms on Front street. In fact. If there are any merchants down on the street who like the new method The Journal s market editor did not hannen to see them. Following are the expressions of 10 merchants, members of the board of trade, when askod what they tnougnt of the board of trade's new scheme: W. L. Bartlett, manager of the Wil lamette Fruit and Produce company: "We are not in favor of the new meth od. With us there are only two classes of eggs, good and bad. We grade them as such and shall continue to do so. We handle nothing but Oregon eggs '' The Willamette Fruit and Pro duce company handles 30 cases of eggs a day. O. II. Pearson, of the Pearson-Page company: "We have always graded our eggs as extras and firsts, but It is doubtful if the method Is practicable by a majority of the Portland mer chants. The trouble with the system Is that .unscrupulous dealers can take advantage of it to sell inferior eggs as extras. The Pearson-Page company handles 3fl cases a day. J. M. Koskey of McRwen & Koskey "There are no seconds in our business. Rggs are either good or had and we grane mem accordingly. we nave no extras. Handlers of eastern eggs may pursue this method successfully but we can't." This firm handles 10 cases of eggs a day. Levy & "Speigle -"We onlv candle our eggs and don't have any extras. We Secretary Fred Muller of Board of Trade Estimates the Wheat 'Crop. hall continue to do this revardlesa nf iijr uunimions tne board of trade may see fit to make." Levy Speigle han dle very few eggn, averaging not more limn a iihii dozen cases dally. H. W. Graham of Tcinplcton Gra ham "We shall handle (n th. same old way. We haven't paid any at- t V'Al', " "k".,8-., pa: Secretary Fred Muller of the board of day. trade of Portland has Just returned Mark Levy of Murk Levy Co. "We from a trip through the wheat belt In. them" fni"?0"'! " ,Vl1" "! connection with this trip has the h3 v ii lj," classes, good or f0nwn(, to say about the conditions Th . f IT 'ifn "1, nth"r f '-"1""- as he found them at the different points -: i "'"i'rn live vi mijL i onrn 1 1 t.lt. a day. - ,..,,. E. H. Oajte of Oaze Co "I am r. VZ ''".J?'". Tr " .T fol nn t. m m . I "I IHfJ mill I il I Mil fl nil n, i inn'm e n .7.. . Hfiopung rne new thorough a canvass as my time would tit 11... V w r12t; Y,, 1ont, permit, of the grain situation, partlou- !?f. 1 v V !f 1KT.,h?t WU Pprmlt nf larly the section tributary to Tortland. mis. X e onlv deal In hnmn Brown eiro-M - r .,. ..),...- ..t(mllia . . ... 1 - r.- ---.- - pir.- ami) 1 lull! inni inn im.iwhh rniunai' n and at this Reason of the year It Is lm- of the wheat crop have been too low rosslble to make the grades asked for an(j while the results will not come by the local exchange. The eggs are ur) to last year's exceptionally large loo poor. .Now. for example, lust take t . in.i,, n ni.,i t K tntat a glance at this." nnd Mr. Gaze showed yield of Oregon. Washington and Idaho ..-(.... iiimiM nv him runnier wnicn close to 60,000,(1(10 nusneis. in raet, l nhowed thnt out nf a total of 0 doien shonM not be surnrlsed If the results EGG SUPPLY IS SHORTER Farmers Should ot More Money for Kffjjs Than Present Prices Allow. REFOBT BUTTER WEEKLY OREGON BARLEY III CALIFORNIA San Francisco Markets Sta tionary Heavy Receipts of Brewing 1 to dev. eggs rxr mined there were 69 1 .1 cracks and 40 "rots. "seconds," William firver of Dryer A Rollam- The old method has trlven satisfaction. notn to me rarmers nnn to the dealers. The new method Is Impracticable. Egg larmers are too scattered ana the out- In Idaho will bring the total figure above the 60.000.oon mark. 50,000,000 Biisnel Yield. I took occasion ter Investigate condi tions as closely as possible and from my observations I feel safe in putting put from each farm Is too small to duclng 31.000,000 bushels. Idaho will make it profitable for the farmer to produce everv bit of fi. 000,000 leaving waste time candling them. I nless he it im nun tr- Or.n candles them himself, mere would al- h Pnlnnsn nortlnn sufflelent ways be dissatisfaction at the figures threshing has been done to safely returned bv the commission merchant I ri q . tha ivn vieM at -la hiioholm ner to the shipper. The country merchants aore. Oats In this section also shows through whom the eeers are nurchased I .m n.h hoior than nnti.ina(ai rnnnins have no facllitieH f,lr handling the prod-I from 35 to 45 bushels to the acre. The uci in inis manner. in nicago or In countrv adjacent to the Northern Pacific Petaluma. down In California, condl- from Pullman south will, according to tions aro different. In those sections! all reports have a record crop, while the eggs n'e raised In largo Quantities the Pamns Prairie district in Idaho and are all of a uniform size and color! claims to show much better results than ecause eacn proiuccr has a certain last vear. I class of hens." Dryer & Bollam han die 50 cases of eggs dally. E. A. Banford of Page Son "We candle eggs after our own system. Wo pay no attention to the board of trade. Eggs are either first-class or seconds, which go to the bakers." Manager Bell of Bell & Co "I think lia ii ci t m ri t 1 1 nd la 1 m nraixHna Vila In Portland, althouch i' sanctioned it when wheat 20 bushels the hoard asked me If I thought It was In Columbia County, Wash. all right. bummer eggs are of such About Pavton nnd through Columbia an uncertain quality that they can not county, the' opinion now Ir that the ne conveniently cinsseu as me ooara or I crop will be verv mucli hetter tlinn was The predictions are that the vleld in the country tributary to the Northern Pacific will. If anything, be -increased. Around Coitonwood, Idaho, harvesting Is well underway and the farmers all predict a heavv yield of fall grain. The spring crop win ne a nine neiow nor mal. Conserative estimates place the vleld of barlev at 32 bushels, (lie spring AMD ZOOS. Boxes of butter 317 Cases of eggs i.v.11 Total for Xiait Week. Boxes of butter r,, Cases of eggs 174.' Week Before &a,st. Boxes of butter Cases of eggs :7V; ! 1 1 :i 1 1 1 :i trade says they should be.' BANNER FALL TRADE OUTLOOK PLEASES ALL CHEESE Full cream, flats, triplets rt Ail I uIpa IlUn: Vounflr American oung Americas, and daisies. 15Hc POtTLTRT Mixed chicksns. IS'e lb; fancy hens, 12 He; roosters, - eld, Pc; fryers, 14c; broilers, 15c freeae, spring. 14c, turkeys. alive, J7c; spring ducks, 13315c lb; pigeons. S 1.26 dox; dressed poultry, ll&c lb higher. Hops. Wool and, Hides. HOPS 1S07 crop, first prime. Be; prime, 4V$c; medium to prime, 3 4c; medium. 2o lb: 190o crop, 2 42 3 He lb; contracts, 9c WOOLc 108 Willamette valley. 13 16c. MOHAIR 1907 Nominal, 18H(310. SHEEPSKINS Shearing. 10 15c each; short wool,. 2540c: medium wool, 60c $1 each; long wool. 75c $1.25 each. HIDES Dry hides. 1314c lb; green. BiBc; calves, green, 8(g10c; kips, t7c lb; bulls, green salt, 4e lb. TALLOW Prime, per lb. S4o; No. I and greasa 2 & 2 He. CHITT1M BARK 3 0)4e. Traits and Tta"'Dla ONIONS California, $1.-5; Walla Walla, $1.5 per sack; garlic, 16c lb. rOTAlUr-a icw. selling, i.iu a i.iio; A rise of 2 cents per gallon on the syrup market Is about the onlv notice able feature of the week In the whole sals groceries and provisions trade. Dealers report a satisfactory though light volume of business. As Is cus tomary at this season of the year, trade Is somewhat quiet, but there have been more shipments than In past years during this period. . The large wholesale houses of the city are gratified at the prosrects for a greater volume of trade than ever be fore this fall. Their agents throughout the northwest have advised them that the trade Is preparing larger orders and are willing to pav better prices. The wheat crop has been good nnd the price Is better than it has been before in a decade. With the Influx of money for the crops will come a revival of other Industries and money made on the farm will be In vested in various enterprises. The building trades are in a flourishing con ditlnn and are deluged with orders which they canrjot fill for months to come. REACTION IS HOT SERIOUS Decline in Wheat Fails to Shake Loose Any Consid erable Holdings. buying, &5&90C per cwt, APPLES New, ' 11.00. FRESH FRU 1Tb Oranges. 14.000 4.60; bananas, 5V4c per lb., crated, 6c; lemons, $5.25(3 5.75 box; grapefruit, $4 41-4.60, pineapples, Hawaiian, $3Q3 50 doz. ; cantaloupes, $1.75C&2: apricots. 76c$l;. blackberries, $1.50; peaches, '85c jr$l: pears, $1.60jj)2, grapes, $1.50; raspberries, $1.00 1.10; loganberries, l0cf 11.00; cherries. Royal Ann, 3c; Lamberts and Blngs, fancy, $2 box; watermelons, $1.60ijl."5 cwt.; currants. $1.50 crate. VEGETABLES Turnips, new Oregon, 20c; beetB, 20c; carrots, $1 60 sack; parsnips, R5cW$l; -abbago. $2.25; toma toes, i6cf(i$1.00 box; beans, 7c: cauli flower. California crate. $1.763 00; teas, Oregon, 3 H (ft1 6c; horseradish, 10c: artichokes. ( ) dot; green onions, 15c per dor; peppers, bell, 8c; Chile. ( ); head lettuce. 20 30e dos; cucumbers, local. 20c4ffOc dos.; radishes 15c doz. bunches, celery, 76c(ff$1.26; gooseberries. 5c. eggplant. 88Sc; green corn. 20ci5SOc Coz. . Groceries. JTata, Eta. SUGAR -Californla' t Hawaiian Re finery Cube, $6.60, powdereQ $6.46: berry, $6.25; dry granulated, $6.25; XXX granulated. $6.15. conf. A., $6.26; extra B-. $5.80; golden G.. $6.30; D.. yellow. $6.55; beet granulated, $6 05. barrels, 15c: half barrels. 80c: boxes. 660 ad vance on sack basts. (Above prices are 30 days ner cash quotations. ) HONEY New. 15c per lb. COFFEE Package brands, $16.60. SALT- Coarse Half around. 100s, $1100 per ton; 50c, $1160: tsble. dairy, 60s. $16 50; 10s. $16 00: bal-s, $1 J; Imported Liverpool. 60s. $20 00; 100a, 11 9 00: 4s. $18.00: extra tint barrels. t. 6s arid 10s. $4 6095.50: Liverpool lump rock. 20 so per ion. RICE Imperial Jspsn No. 1. 6e- No. J. 6H?5c; New Orleans, head. 74c; A1sx. C : Creole, S,e REANS Small white. $4.76; lsrgs white. $4 75: r'n", baron. $3.86 Llman. $5 5: Mexican reds. ( ). Meats, ruk and Prorunoas. PRESStu MtATS "loot street Hogs, fancy. I'ltuto .0; ordinary, ic; large, ic, veaX extra, o per lb; ordinary. (?8Hc pr lb. heavy . Vo per lb. mutton, fsncy, 76 7Hc per lb; spring lamb. 7 j 7 4c lb. HAMS. BACON. ETC Portland pack (local 1 hama. 10 t.- 1$ lba. 17c per lb; breakfast bacon 15'3J3Se lb, picnics, 11c per lb: cottar roll. lc lb: regular short clears smoked. II He lb: backs, smoked 1!H It: smoked short clears. 11 He lb: clear bellte. smoked, llc lb: shoulder. Ho pr lb; Pickled tongue 70c each. LOCAL LARn Kettle leaf. 10a. lo rer lb; 6a, 14c per lb: 6-Ib. tins. I He per lb; steam rncerd. la, lt rer lb: 6. ltt per lb; compound. Its. vc p ib. . FISH Rock col. line to: nounaera. e per lb; bsllbut, 6c pr lb; striped baas. 16c ier lb: catfish, lie Pr lb; aal mon, chinoc. 9e lb. bluebacka. se Ik; tealhead, se H: htrrlngs 6e lb; solea. 7e per lb; shrleap lc per lb; prra, c per lb: tomr-od, lie par R: lobstsrs, 1 6c per lb: frh mackerel e pr ib, rrawfieb, lae per 4nan: sturreon, 1$S per lb; blsck base, JOc per U: slrr smelt, Te rr lb; Mack nrt. T He Ik: reaba. $1 r0J do; kNid, IVe: ro ah -1 e- had re. It He lb OTHTER- fbnalwater Bar. par rl $. Hit: re JM lb sack. I; 01yn- fla, per gaus. $1 ft; per lt-J (United Press Leed Wire.) New York. Aug. 15. This week's mar ket was a record of rapidly advancing prices for the first half and equally sharp reaction in the latter half. Neither advance nor decline had any ef fect or. the developments ip. tne outside news, t'ndoubtedly a less enthusiastic view of the progress made along the line of outside trade recox-ery had something to do witii the shift of senti ment In speculative circles. But no signs were observable of investment holders getting out of their stocks, and there was nothing to indicate any les sening of confidence in this quarter. In point of fact the market's swift relapse In the closing days of the week could be perfectly well explained on technical grounds. For over a month prices had risen with scarcely an Intermission. lhe In evltable weaknesses which result from a movement so prolonged were all pres ent In one or another degree. To be sure the outside participation revealed on the books of commission houses was comparatl velx- slight. But what was eiuallv effective In bringing the mar ket Into a vulnerable position were the operations of certain commission houses and traders of the plunging type, who by all Indications hud been doing very much more than their proper share in tne market or the previous rortnignt Wail Street Back of Mot. Rack of these sudden changes In the market's own condition was the fact that Wall street movement had gone ahead faster1 and probably further than the advance in outside Industry justi fied. For the present It can fairly be said that money Interest is very , low; there Is very little prospect of Its work ing appreciably higher, and that under these circumstances. while standard rallwsv and industrial shares continue to show a 6 to 6 per cent return to the buyer, they are not dear. The Invest ment body. Intrenched as It is behind the assurance that its stocks havebeen acquired so low as to make safety of principal a negligible consideration, can not be shaken out except for ime pro found and disastrous charge in the out side business outlook For tfce time being, it is quite likely that tf edge may have been taken off the movement for niftier prices. 1 ne elements or any such aecltne are wholly absent- BIG ROADS FACE FIIJANCICRISIS Powerful Systems Unable to Pay Dividends Except With Borrowed Money. fTiicniro Ch Kale. Chlcsro. Aug 15 No 2 Red, 44 6e, No $ Red. 3V,64Vte: No. 2 hard. 4Pic. No. $ hard. JtJic: No. 1 N 8 nothing Cash com No. 2 white, 7e; No 2 yellow, 7c; No. J white. 7r. No. 4 white. 77c; No. I yellow, 7$ OTc. Iltotyiio: Eagle canned, foe ran. 17. og oon; eastern in sneii. si.ts per le. CLAMS HarrfshelL per Pox. $1 4; rator clsma. $1 e ier bx- le per dos. atiata, CfeaJ. OO. Xto. ROPE Fur Manila, 11 Vc: standard, lie; BlaaL ic: I. 8 sisal. $.&. BENZINE 61 dg nmi, it par gal. Iron l?bls, lllte per gai. TURPENTINE la caaca, 7io par gal; rood bbia. $e per gX LINftED OIL Raw, bble. Me; raa, 6c; blld. bMs . 66c: ra. tie -gai; lots f 16 gallon. It leaa; mil cat tneal. $14 tea. WRITE LEAD To Iota. pr ft- Ik l-, tk: las lots. ie Ik. WIRE NaJitrwait kaak (L64. By Thomas C. Shotwell. (Henrst News by Longest Leased Wire.) New York, Aug. 15. Thomas W. Law-son continued his raid on the stock market today, paying particular at tention to smelters and Amalgamated Smelters sDld 17 points lower than the figure at which Lawson began his raid early in the week. The entire list of industrials was heavy. Railroads were held relatively firm. Best opinion in Yall street Is that the market will soon recover from the present decline. The decline was weak and at about the lowest prices of the day. Perhaps the most Important develop ment of the past week has been the real ization bx" railroad managers that it will be Impossible for them to make a radi cal advance In freight rates. Several have disavowed any purpose of doing so. They know even better than the public that the real reason so many railroad companies are In distress is that graft has been capitalized and sold to Investors. The railroads are earning enormous Incomes on the real Investments but hundreds of millions of stocks are outstanding and paying dividends although never a dollar ever came into the treasuries In return for tiiat stock. Suspicions of Railroad Stocks. Common knowledge that the railroads cannot honestly demand a freight in crease is making the public suspicious of the stock market. This fact was shown in the past week when the Wall street powers adopted sensational meth ods to draw the public Into the mark'. Kiev had advanced prices to a level where bumper crops, elections, cheap money and complete resumption or bus iness were apparently discounted. Rut the public had not taken enough In terest to suit the insiders, who still own the bulk of stocks. Ftart Brass Bands) Ootng. The hrsss bnd were started and the public immediately marched awav from Wall street. There Is everv in dication, however, that the music will be kept going until the mob Is at tracted back again, for, unable to raise freight rates the railroad muinn must unload stock before the begin ning of the period of receiverships and reorganizations with which the gret raiiroso systems are race to race. it Is time to talk plain English and the plain English of the situation 1 that not a railroad In America c6uld pay dividends without borrowing th money with which to pay them. The racis are not states so Muntlv wh-n the bonds are Issued, but that is whtt Is meant- New Tork Central la stag gering unaer a joaa or nonds and norm amounting 10 3SJ.O0 a mile. uniano western has I2.m0 a mile, the Nrw Haven $162. 900 Erie nil ana I Baltimore Ohio tllO.OO. Chesapeake xjnio tiva.vev, r-ennsy irania 114. 009. Reeding $245,000. Wabash 1101 000. Tha significance of these figures ran miiim nesi nernapa bt com paring them with Canadian Pacific wnicn ns a capitalisation or only 114, 09 a mile. One result of this over capitalisation Is that the export grata has been lost by New Tork becaus th railroads ara enable to com pet wi4.Jv -Canadian Use. Montreal has fal len "heir to this vsst commerce, The more tha railroad altuatlon U dissected. Us more reasons are 41a jwered for , being more careful and plng aa era on the ticker la tha big riii campaign uai mai I a krw Uf.- - - . The weekly reports of the prk nun lie; made out by the board of trade shew a decrease or l.zoo 111 tne number "r cases In the last three weeks. The weekly report of August 1 showed m celpts of 2,796 cases and that of Augnsi 15 showed but 1,591 cases. Not will standing the light receipts of the ween Just past and the heavy decrease nv. : three weeks ago, tne price mr i.-im-v candled eggs quoted by Front sti-e t merchants remains stationary at around 23c per dozen. At first glance It would seem that prices should be higher, hut when It in considered that tho record-breaking In flux of eggs three weeks ago glutted the street and that dealers have been forced to carry these over, liio dis crepancy In the price as compared to the supply will ne reaany expin-aiue. But the price snouia certainly go up soon, ror tne receipts nre growing lighter as the summer season wants and the demand is steadily growing,' Before tho end or next w eeK it iooki as though farmers should ho command ing at least 25 cents for their product. F at first estimated.' Wheat In that sec tion iroes all the way from 40 to 48 bushels ner acre and In many cases the results seem to Indicate hetter results by 20 per cent, than at first expected. From Endlcott the reports aro that fall eraln of good quality Is ax'eraglng close to 30 bushels per acre. Spring grain is not turning out quite so good In quality. Whitman County. "Around Colfax and Whitman county, the yield Is much better than was an ticipated. Retween 35 and 40 bushels Is considered a fair average yield per acre. Waverly reports a smaller yield than last year, estimating about 30 bushels to the acre. Around Moscow the average yield will be In too neigh borhood of from 30 to 35 bushels per acre for wheat. Oats hnve not been threshed to a large extent as yet. but It Is estimated the crop will run from 40 to bO bushels to tne acre. Farmers Worked Up. "Taking all In all, conditions through out the grain belt did not justify the Tears in tne beginning that the xvheat would run so much below the average as to force prices to a record break ing high level. It Is my personal opinion, based upon the Information gathered on this trip, that the prices paid last week in the country are higher than conditions lust if y, yet they have had the e,ffect of working up the farmer to an extent where he seems inclined to hold his grain rather than let it go very much below the figures paid last week. "The trip from the standpoint of the board of trade has been an Interesting one and has greatly stimulated the position of the exchange among the grain Interests. Several annllcntlons pfor membership have been filed ns a consequence or my visit, and otherwise the discussion of matters alone the grain line lias suggested to the man agement of the board of trade a number of features which we will endeavor to work out In the Interests of the grain J & Gt W trade. It Is too earlv to sav anvthlne ,-' r el o.' definite as to what these propositions I & 'j; yv ' are, but as soon as the details have!,, o (y been worked out thex- will be submitted ! ,' p & i 'p to the grain department fur careful , ! ' o ' Investigation. i v. 2,i'nf,i Other Cities Like JSgg Grading. do 1st pfd On tnls trip I also took occasion ; I orn Frod.. c EXCHANGE SHOWS CHEAPER TONE dlpir'1 Np' ttj fyingest tyaaed Wlr.) Sun FianciHvo, Aug. ID. Wheat The 'lay passed witlinut any price changes iud conditions were tho same as on 1-rl- n The s'pTt market was quiet ant ' .' -e was 11. 1 speculative business. The r.,.idx were ;t.iiipii centals and most 1 it 1 .imi' from Oregon. Barley and Oats. I ' --ember barley closed te same as "i I'.i'lav and the spot, jmalned the -.inic h-kI quiet. The local receipts mm re Ml.'i centals. Including Id. 0110 centals fn.in ( ireKoii, and the receipts nt I'orr i nsia we,-,, 22,400 sacks. Iterent aril-'-.lis from Hie north were said to ho on out r, icts nnd their markets were re ;!(.. 1 reliitlvelv higher than ours. I,o '"I s! in ping prices are now said to be '!"e ihe parity of the English mar 1" t a .-'d Unit recent prices cabled from I'-i" haw in. 1 met with a response. .Mi. .-h l.arh-y xxns bought ahead nnd at higher than now obtainable by 'i.ers to me.-.i expected foreign or- -i s in. I part of which may have to be f-.i-uardei 011 owiers' account, provided tie f nclisli market di.es not Improve. ("i.'S this season hsve ruled higher ''an at tie- en responding time last J . 11 r. 'ins remained firm, especially reds, vhi'li wit., held higher. There were 1.11 ie eipiv. Flour. No further changes were reported The i.-.eipts of flour were 2 23s bar i'is ,nd all from Interior mills. Hul'er, 1 1 rose and eggs -The rn- iciptH ,.f butler were quite large ai.d there w:-s a selling pressure. Extra and firsts receded 1U.C p,.r pound, and the market closet steady at 4ho decline. There were lit;lit receipts of eggs, with an advance of Ic per dozen for fresh extras and for storage extras. There was .1 steady t"ii" for all grades. Cheese was uneh.'nigej and firm for all California!!. Fruits. Considerable delheries of fruits were being made un shipping account, drupes have hern iin reusing at a good rale, with seedless and Itoso of Peru leading as to quantity. There was much, old stock lying around, and which was hard to dispose of at any price. Choice and crated for shipping command a pre mium on the regular trade prices. Figs were overplentiful. the quality being generally boor. A few crates of red i.ectarines were offering at 85c per crate. There Ls now hardly any call for tills fruit. Apricots In small boxes were offering nt 20-a-3ftc and 40 fq' fine for lest In large but the demand for mrlcots has practically ceased. Large PRICES DROP HT LIVEBPD01 AVhoat Advances in Chicago but Declines in 31 art Across Atlantic. (T'nlted PreM Leaned Wire.) Chicago. Aug I V - Liverpool was not affected bv the advance In wheat here surdav. but went exactly contrary. September future in Liverpool was d lower and lieceml.er without change. Tlo re was a contrary Influence on this mm k.M at the opening the rainfall shown 0:1 the weather map as haxMns 11. led on the spilng wheat harvest lasi .'4 hours, and an if equally bullish charac- as reported a fvw minutes opening, the two together ..very to a share over yes sing figures after an Initial (Hearst News by Longest Leased Wire.) New York, Aug. 15. Foreign exchange has tended downward, but the market has had a generally firm undertone. Banking Interests look for n heavy sup ply of bills against cotton and grain in the fall months. The London money ,dle,l with funds'" 1, is np.ed that 'f ' " ttinS in the iuriuer amounts ui tuu v u i io iu Berlin, tint the continental situation, according to later cables, ls not consid ered reassuring, security markets being somewhat nervous and Industrial affairs still in need of some straightening out. On the London market American Is sues were dull and practically un changed ns to the majority. Canadians were inclined to rally. -International stocks were neglected, on account of the holiday in Paris. pelaloCN ii ot hi r ma 1 1 . i t'-r that wa after lhe o causing terdm ' drop of Illinois Report Bullish. The other bullish Influence received '. was tie- report of Illinois, which esti mated lhe crop of the state at 1 9.000 000 bushels, compared with the Washing ton authorities- estimate of 30. 210. 000 bushels. Nothing was capable of over- coming tne ia.q mat export orders were not In the maik.-t at the advanced price of the day b...ie The resulting de cline, however, brought the export lim its In line so that peddlers of the grain got hu. Further rainfall over the mouthy corn country weakened the market for that commodity. There was as well some iiicr.-ase In farmers' de liveries thai the ttade expected to be enlarged on account of the Improved prospect (udu.-ed by the arrival of the needed moisture. The feature of Increased receipts had the gnat, r effect on September prices, which suffered a loss of 1 Vi cents the first half hour. New- crop futures were ' weak, but to a less extent. There Was no relief to the weakness that set in early in the dav and closing prices we're at only slight reaction from bot tom figures of the day. Loss in September price for the day was l', and in the later delivery from i to cents. Sample market was heavy and easily lower at t8 r$ cents. Active Trade In Oats. Active trade was done In oats at gradually declining prices. Weakness in corn and continued excellence of th4 grading of the liberal local receipts in cited sellers to extend tlp'lr operations. There was a firm start to the trad 4 In provisions because of the check to the holding, movement and higher prices reported from the yards. New York Cotton. New York. Aug. 15. Stock quotations furnished by Overbeck & Cooke corn- pan y : DESCRIPTION. O a r o G o K2. Amal. Copper Co.! 76 Am. Car & Fdy.,c. 40 1 do pfd 1102 Am. Cotton Oil, ci 34 Am. Loco., c 50 I Am. Sugar, c 133 ' 134 Am. Smelter, c.. 92 ',41 94 do prd Anaconda M. Co Am. Woolen, c. Atchison, c do pfd Bait. & Ohio, c. do nfd Brooklyn R. T. . . 51 i i 52 1 an. I'aciric, c Cent. Leather, "67S "S 76 40 : 39 7' 40 l1021i'li!2 102 ! 34 ; 33,; 33 5 b ' f) l 1 1 " e 4 1 0t !4 1 07 4 f. 34 46 26 96 92 26 87 ' 95 33 133 '2 90 ,4 106 45 86 94 Si; 9 2V2! 51 ,4 133 9 0 iu54 46's 25 k, XT' 94 H ; ;ij to visit the larger handlers In the prod uce line In Spokane. Tacoma and Seattle and among all of them the opinion pre vails that the recently Inaugurated sys tem of. grading eggs as firsts, seconds and thirds in Portland will greatly bene fit the trade and was a move In the right direction. "I am glad to say without any desire of self praise, that the efforts of the board of trade are followed everywhere with a keen interest and the quotations furnished through the newspapers as board of trade quotations are, . accepted as giving the correct tone of the market. "While fully appreciatix-e of tho com mercial importance and no doubt unre stricted expansion of such cities as Ta coma, Seattle. Spokane. Lewiston and others. I cannot help but make the as sertion that of all of these Portland In every respect can claim for Ifself a superiority as a commercial trade cen ter, which superiority is evidenced bv the calm, eonserx-at 1 e business-like way In which Portland develops its wonder ful resources and goes after new busi ness. do preferred. Del. & Hudson. D. & R. G , c. . . do priferred. Krle, c do 2d pfd . . . do 1st pfd . . . Gt. Nor., pfd . . 1 169 ilfiSVlfisu, 16'4 I 28S4, 2S 28 ; 2Ka c.. I ' ' 6 Si P.. .1 43 7i, 144 Vi's H4i c 169159V4,15 159 1 41 HI 42V 41 41Si 32', 33 14 32S 33U 53 V 63 I 62 62U I m i9 26 3S 32V 32 V 53 V 62 I 1S' 32 3 2", 5 3 62 IS. 26H! 22HI 22V . 16S I 26 U6S 13 3SV 38 Illinois Contra! .13613 Ixx-al Weekly M'heat Receipts. Receipts of gra'n for t! e xvcei jus' ended, as reported bv th" board of trade: Four hundred and snrnh- ack cf bran, 625 sacks cornmeal. 2 i76 sa. ks flour, 13 car" haw 3.1197 baies ha 1" cars oats, 2 sacks oats. 156 .-arr wheat, 36.234 sacks wheat PORTLAND FOARD OF TRADF. P.E CKIPTS. Portland. Aug. IS Receipt (Mav Wheat ; 26 ears 6 '; sacks Barley 4 cirs 6?o pa. -ks Flftur . 2.576 sacks Oats 5 cars 12 .-ks Hay 13 cars 49 bales Pept. Dec. Rrt. Lec. Sept. Dec. WHEAT. Open. High. R .... tt B ... Low. .IJrt .125 OATS 125 R 132 HB (140 p. PARLEY 1 :-i 125 .117HB .120 B l .ose B 3 H !?S R ; :r b 14 1 R , 1 1 " B 120 B L. ez X. Manhr.t Rv ... Mex. Cent." Ry . AL, K. &- T c . . do preferred. Distillers tire Lands Mo. Pad tic .... National Lead . N. V. Central . N. Y. O. A: W. . X fc W. c do pfd N. American , . N. Pacific, c . . . . P.ic. M. S Co. . . . I'enn. Railwav . . P. G L & C Co Pr! Steel I'ar, c. . do pfd Heading, c do 2d pfd Ren. I. fi . c . . do pfd Ii-.. k Island c . do pfd ... S I. . 8 F . 2d I'd do 1st pfd . . St L & S. W . c do pfd South Pac , r . . do nfd Southern Rv. c do pfd Texas pacific T , S L & W , c do pfd Fnlon Pac. c . . do pfd F S R . c . . . do pfd J- 3 ptnej Co . do pfd Wahash. c do pfd . . . . wr r Tei . . . Axis Central, c do pfd Wheeling Lk VMlngk -.je F'sh . . 136 136 6 6 22 4: 2-' "4 ZSSj 136 ' 136 ios4 1 3 s ; 16 30 V1 31 ! 63 S 36 I 35V 35i 66 V 65 V "5 ' 56 54 V 65 4 89 V1 84V1 S44 106V105 V106 42 I 41 4 41 74 73 73 4 I 79 63 V 3 S I 1V 61 'i H-"l,HJ'i:H:VH3 2 4 4 ' 2 4V 24V 244 124 yiL'5V!23 V124'. 95 I 95V' 95 j 954 3.1 V 34 4! 33 V 83 V ! 1 ' 95 123 4 1244 122-, 123-S 6 ! S6 4I S6 ! S64 22 .224 21 V 22 Th I 7S i 76l ;i ip" IS1,! l'S 33 j 33 4; 32 4 1 1 OS !l08H,10S 30 V1 31 35 V 66 41 55 4 85 106 41 4 ' 74 Berries keep along at quite steady prices, as any advance would shut off the demand. The apple market was un settled and weak; on even for best four-tier Gravenstelns $1 per box was more difficult to obtain, while the 4 4 tier were about neglected. There was a very liberal supply of peaches and prices were weak, especially for large and very small boxes. Nutmeg melons were In abundance and weaker. The weather being rather warm, watermelons sold well. Vegetables. Potatoes and onions remained as pre viously quoien. i,aie ooais inconveni enced the trade In other vegetables, as In a number of instances early buyers had to be satisfied with offerings car ried over from the preceding day. Choice string beans did better, and best qual ity tomatoes and green corn were firmer In the early part of the day. WEEKLY S TATEMEff T OF N.Y. ASSOCIATED BANKS New York, Aug 1 5. Quotations by Overbeck & Cooke Co: Open. High. Low. Close. January 837 903 895 903 Februa rv ... ... 904 March ' '905 905 905 906 August IOCS 1031 1000 1000 September 930 932 930 932 "October 91S 924 916 924 November ... ... 904 December 90'7 .906 898 9t)tf The Journal will hereafter make a regular feature of the associated banks statement for the Saturday report. (t'nltwl 1'rou Leaned Wire.) New- -York. Aug 15 The weekly statement of the associated banks issued today shows the following changes: Reserve on all deposits, decrease, 1 1 ,hl.l j.hnO. Reserve on deposits, other than T'nltcd States deposits, decrease, $1,608,650. Loans. Increase. J 14. 392.000. Specie, increase l. 844,200." Legal tenders. Increase. $903,100. Deposits, increase, $17,41 1,800. Circulation, decrease. $306. S00. Total loans. $ 1 . 290,0 1 3. 800. The surplus of tile hanks ls $59,924. 525. as against $ 9,294,075 last vear and 5 1 . , 1 hi .5ua two years ago. 1 ne per eentage of actual reserve Meld h; hanks is 29.43. an increase of .0 ceirt. th. per Xew York and Other Markets. New York, Aug. lS.-'-Wheat closed $1.01, here 934c nt St. Louis, 8740. at Kansas (ity, $1,024 at Minneapolis. A DoJiratP Touch In Alaska. Life In A-laska is uncouth in parts. , but it has its refinements.- In Valde there lived a man named "Jake" who kept a boarding house for dogs. When the prospectors returned from their sled trips they would place their teams in his charge until ready to start out again. As he fed his guests on garbage gathered by a house-to-house canvass he was known by ex ery one as "Slop Jak." Once upon a time he fell ill and thj newspaper wished to chronicle the fact. No one. however, knew "Jake's'' other name, and it didn't seem worth while to waste the time of the editorial staff on so insignificant a detail. So tha news was printed thus: "Our well-known fellow citizen, S. Jake, ls confined to his house with a severe cold. It ls hoped he will be out soon." American Fruits in England. From the London Telegraph. The habits and requirements of our , American visitors play a very import ant part In trade during the London sea son. Americans are noted fruit eaters, and much as they appreciate the de ' lielous products of our hothouses thsy lire very partial to something similar to what they have at home. Their faith! In grape fruit Is quite remarkable, and at hotels favored by our transatlantic cousins large quantities of this fruit ara consumed. especially at breakfast. These same visitors are likewise partial -to the large California seedless oranges. Portland ivestook Market. is -Receipts today 1 ! IS 1741 16. 32 26 4" 174 38 4 94-: Xorthweat Rnk Statement . PORTLAND CdVartnirs today Tear agt Balances today Tear aro SEATTLE Clearings today Balances today TACOMA Clearings td. Balances tedsy . $ 7n.43111 1.170. 7SS 41 144 Ce oe 1JHH1M I1.JJ4 lil on 115.41.00 I t4t17S' IS.911 f 93U 944 93 1 II 118 ,11741174 i 19 : ii. 19 -J84 49 j 484' 44 1 24V 25 I 24 4; !44 ' 26 4 4 ' 26 I 26 ":, : . . . I 56 154S 1SS4 1544 155 85 5 4! 85 f.5 1 33 1 33 41 32 V 33 I . . . . 9.1 4 4 4 4 4 5 4 4 4 4 4 4 104 io I084'iflt4 ! I 114 24; 24 26 ' tn ' B5 V 66 V 554" I ' ' l 424 424 42 4!S : 4 70 .70 4 ' 414 Total enles 43.'ft nhirMi. Tnited State Goternment Bonds. New York. A is 15 Quotations by UyerprxJ Grata Cloatn. UverpooL A ur 1 1 Wheat. nn- emr4 to & lewer; com. 44 higher: er'eraber - wbesc Ts4d. lVmt) I wheat. IsSHa; freptaastwr ora, lid. Oxerbck A Cooke Co ; PM Twe., reg1terd. !.... D-Jt. do coupon 10X4 Threes. regimrd. le....iee do. small 104 Fours, registered, lt'.h 1 Jn 4 do coupon 1214 Ak 1"4 104 114 1214 122 4 Portland Horses. 5". s.-eep. cattle. 50 Official stoi kyard prices today: Hogs Best stuff. J6 75 ; blockers and China fats, ifi'u 6 50; Muckers and feed ers $5 '3 5 .60. Cattle -Select eastern Oregon steers, $4; medium. $3'fT 3 75 mockers and feed ers. S3 Ji 3.25: medium steers, $3 50ttf 3 75: best cows and heifers. $3; medium cow s. $2.50 u 2 75. stags. $2 50; bulls, $2 'rf 2 50 Sheep Best wethers. $3 25; 6pring lambs. $45. straight ewes, $J. 25 'n 2 7 5 . mixed lot. $3. ! Veal -- Chofce vounr calx-es $5 00: heavier and rough, $3 50 5 4. f'hicajrn Stockyards Receipts. CbcflKo. Aug. 15 Estimated stocK yards receipts: llogi Cattle. Sheep. Chicago s ,100 1.000 2.000 1 Omah 2.300 100 Hogs opened 10 cents Mgher Ieft nx-er vesterdav J.3'10. mixed $66 65. heavv $6 416 65. rnush $ff 6 35, light, $6Jj 57 4. Cattle, steady. Sheep, strong 1 Primary Movements. Chicago-. Aug IU - Wheat. T-Ji.ooa . bushels sgalnsi fM w bushels last year Corn. J7 oeo bushels jurnlnst 43".-1 0O bushels, anipments of wheat. 5S4. OO11 bushels glrM 45 00 bushels. ! Com 25 7 ' bushels sgnlnst 111.00 1 bushels Clearsncee Wheat. 41.00 bushels: corn, t Oeft bushels: flour, 1 -f.fin bushels, wheil and flour. 470,680 1 bushei Wa pay you 4 per cent to sars TRY IT hard Bank start- The cr.ly real tiling about a Account is the in p. W hen once start ed it's like a snowball. Roll it gently and it get's larger and larger almost without you no ticing it. Start an ac count in our Savings Department. Once you get into the habit of depositing a certain sum each week or month, you'll see the advantage. , Two per cent allowed on .checking accounts. AMERICAN BANK & TRUST CO. OF PORTLAND " 00 Seventh t-, Elks Tempi U (X RAL8TOM Trm O. U MAC GIBBON-.. Cashier. Ran FYanrtoo Additkmal. Pn Frsncineo Axis 11 Willa Wtllv II 4 : red. II $ ; Turkey. $1 ;j 11-14; bluestem .11 724, hsr!;-. tecmbr. II II4. Others vrfehsnaed. t To keep r aptearaDe require a boraat utiuti Overbeck: & Cooke Co. CemmfcsioB Merchants, Stocks. Bonds, Cottoa. Cra'a LI:. 2XW17 BOARD OP TSADS BUILDIKO Members ChicafO Beard of Trade, CorreioodecU of Lot n & Zrji Chxtj-o, New Vork, Bottoft. We tive tle only private wire connectlnf rerUind w'uh, lit tiitef escharfea. , UtVSEM rORTUaXO BOARD CT TRAtE,