THE 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,