The Oregon daily journal. (Portland, Or.) 1902-1972, August 30, 1908, Image 47

The Oregon daily journal., August 30, 1908, Page 47, Image 47

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Newspaper Page Textf ( THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. AUGUST 30, 1908 7 " ILKJLY REVIEW -Or ' 1 INANCES WJL FLOUR IIIDUSW HB FAST jMillfeeds Must Hereafter He Counted Upon in Putting a Trice on Make. of tin- Hy Hymnn II. Cohen. Looking backward, not so many years ko, It would have been Impossible for anv one to have predicted the present situation In inlllfeeds. In the, past It has been a problem at times to find A place to put the surplus supplies feeds: now It Is a problem to rina feeds to put In the place. Surely the millfeed situation Is as suming a new aspect, for conditions are entirely different In the milling business from what they were 15 or perhaps 20 years ago. Then there was practically no demand for bran and shorts, and millers did not know which way to gel rid of them except by dumping. In those days anyone who wanted mlllfecd could purchase It at whatever price was offered. A short time later the demand bcirnn to assume some slltht proportion and millers put price on their nroduot. At the start the feeds were slacked UP like straw In a pile and It brought from 35 to 38 a ton. Guile a Jump to the presen price of bran at $28, und shorts at 328. f0 with not half enough stock nmde to suni'lv the demand even at these flgun-s. However, , the enormous advance now being quiitod In nilllfeeris over what they were u score of years ago, was not made in a single season. From 35 a ton the price lumped to $8; then to 110 and n year or so after to 112 ton. Tlin bv ensv stages the prices moved upwards until It reached the highest price on record this season and the demand could not be satisfied at any time during tne year FOREIGNERS IN BEARISH r.lOOD Chicago Comes Off Sharply at Opening of the Wheat .Market Yesterday. World's Portlund . . . Chicago . . . . itew York . . Kansas City Winnipeg . . Liverpool . . Wheat Prices. f Sept. 4 3 .89H 94 1.01 Ts 4 7 74 9S 7s4d W The milling situation has undergone a eomidet.- t xa iinf orniat ion all the way thronirh for who would have thought 20 years so that middlings were to sell'nt a nr're hut a fraction less than the cheaper grades of flour -but that I- thn uhiMili.n :ii the. present time. Today (lie price on middlings would come to about IT. a barrel anil yet mil liru nvf (ill He freely offering their ex poii grades of fhn'r at Interior points u mi I Til I t?. 40 a barrel or shout $3.50 or ji.'i.fif. basis Portland delivery. The tune hns com" when millers must fig ure the mlllfecd price RJld prospects the K.imc ns ll.ev now count upon tne Tii-i. e of wheat before making a value I' 1 .1 O 1" i:eiv vesr there Is a greater awak ening of interest In the dairying bus lness and this means that much more demand for millfeeds. Without feeds the dairying Industry would be too costly to conduct as a popular business so there 1s Utile chance of this part of the miller' products not finding a KuitnMp demand. Kxpurt flour business has almost disappeared as far as a good oriental truile 1 concerned but the mlllfeed situation has stepped Into the breech and Instead of figuring what they can get for export flour the millers must anticipate what the rrlee of mtllstuffa will be. A change In the system of making flour seems at hand In the Pacific const states for unless the millers find knni(i other market to take their clears besides the orient triers will continue to bo a shortage each season in feeds. SOME CTTTIXfi BITTER. Trice Too High, Ray Some, md They Are Helling Stocks at Decline. The advance in the price of creamery butter recently Is not being maintained In some quarters One or two city mak ers aro Rtlll selling at old prices not because they feel the price cannot be se cured but because they believe the ad vance untimely Inasmuch as prices are on a lower parity both In the east and In the south and outside butter can be and Is being shipped to the Portland market and sold at a good profit under the values for the local product. Eggs are showing an advance for the week because of the cooler weather and somewhat better demand. With cool weather there will he a great Improve ment in quality and the local product will bo readily moved at a price consid erably over the eastern storage stock Willi which 11 is now selling on a parity. Chickens show breaking values for the past week. Receipts were very heavy and there was a disposition Rmong buyers to hold off until prices were modified. At the new values there was a better movement. MAJXTAIX SALMON VALUE. Sept Dec. May CHiCAGO WllK'AT MARKET. Open. Close. Aug. 29. Ixiss 4 'Z 94. 114 8! r 95 9. ft ) ' ' .s. rH ; , James H. New System of Fruit Inspection Reld. By the appointment of Leon B. Baum a new system of fruit inspection will . be Inaugurated In Portland and Multno mah county. Mr. Baum takes the posi tion formerly occupied by Inspector Deleh, who resigned recently. Ho will hereafter look after the fruit offered for 'sale In the grocery stores and by hawkers while Fruit Commissioner James 11 Reld will look after the ar rivals In the wholesale tnurket. Mr. Baum, the newly appointed Inspector, Is well known In Pert In ml business circles. He has already assumed, the duties of office, so venders of Infected fruits had bettor beware. REPRESEHTATIVE SALES TAKIII6 Leon S. Baum. B 55 6 H c : B4j7c lb: caJves. green, 8 10c; bulls, green salt, 4c lb. kips Chicago. Aug. 29. Opening of the wheat market was o.ulet at from Vt to 'Ac decline, largely the result of dis appointment In tone of the early cable news, j.lverpool was A lower for fu hires. Broomhall reported the decline there as being caused by report of large shipments from America to the United Kingdom. Antwerp was Unchanged and nothing of a striking character was beard from the other fflde. In the do mestic situation there was no new fea ture of consequence. Minneapolis report of wheat caused more weakness during the remainder of the session. September wheat declined to 94'Sc near the end and was 94fec at the close. I.ieeember sold as low as !)4kC und the end was 94Ve. Business In corn was affected by generous rains that had fallen since yesterday afternoon In northern part of Kansas, Iowa, Wisconsin and Illi nois, with indications of Its spreading eastward. Prices at the start had a de cline of about ,c. Cosh market was weak and prices from 'i to 1c lower. The market for oats was affected by the easier fol lowlng prevailing In other grains, but was enough to create a selling pressure that told on prices to their disadvan tage. Trade was brisk with not much doing for outside account, Demand was so brisk In the cash market, and prices were from 'j to o lower. With some further encouragement to buy hog products In the faco of the day's run of hogs being smaller than last year thero was no disposition to take ad vantage of that for further enhance ment of provision prices. Selling was sufficient In the first hour for the ses sion to hold the market down during that time to where it was at the close the day before, and even slightly lowe.- at Intervals. There Is so much talk In connection with the probable movement of spring wheat and the bearish factor In wheat values we think the following which we quote from the Minneapolis Market -Record, should be of intefVst: With supplies so low In the terminal elevators, the question of the probabla early movement or wheat and the re plenishing of stocks Is one of consid erable Importance.- it must be admitted that the Initial run of wheat can be of almost any volume Irrespective of the slue of the crop, depending almost whol- on tne disposition or tne rarmers to sell and the ability of the railroads to get the grain to market. In the long iuji, of course, the size of the production- will measure the offerings but even with a moderate outturn this sea son the high prices ruling are certain ly attractive enough to draw a liberal volume from the country. As far as the railroads are concerned it Is no great exasperation to sav that thev are stronir Ion the Job. In looking back for a num- ber of years the receipts during Sep tember in Hie local market show great variation, nor Is It always a safe prop osition to say that high prices bring In the grain. In the following table 1s given the local wheat received In- Sep tember and high and low prices: fon . 5 5 ; Columbia Hiver Fish in Better De mand nt Opening Quotations. Improvement Is noted In every line or the salmon market for the past week. While the total pack on the Columbia river the pnst season Is greater than expected, the domand which came to ward the close of the season easily cleaned up tho small surplus held by I'kers. While at first there was some Sept. rec'pts. iriOO 8,069,940 . . 1!I01 9.573.280 . . 1902 R,l 9-4.1520 . . 1903 10.fiX4.9SO .. 1904 R,92fi.l)10 . . 1905 12,725,310 .. 19011 fi. 914.1 70 1907 4.522.740 . . "IZ there Is any ments. as a basis possibility or any T,ow. 7s; l."9 V 7 si; 104H pad cut order to ifhload supplies tvam no npfiil nr it for di there was more demand for the canned fish than could be supplied even at stifflv maintained values. Cut'tlnsr In Alaska salmon values has ceased for the same reason and are the lafgest for some weeks. there quickly, during the -week sales COMPLAINTS HURT THEM. High ... 79S . .. 9 1; . . . 70 . . .- 9i; ...1.2?,l ... STi, ... 1 ...1114 value in past move- of comparison, the great accumulation of wheat In the local elevators between now and October 1. at least seems quite remote. Kven should arrivals run heavier than in 1 905, the mills would have to draw liberally upon the new run and this would keep supplies down. As a guess the first of October should show no greater Increase 'h; 6,000.000 or 7.000.000 bushels. The Ripply and de mand position of the northwest In spite of the enlarging receipts still nas an In real strain, of course. Is off the mar dlcatlon of continued acuteness but the real strain, of course. Is off the market, market. Range of Chicago prices, furnished Overbeek A Cooke company: I WHEAT. Grain, rionr and Hay. HI'.AT -Buy lug price, new Track. Portland Club, K9fi9uc; bluestem, VZ'U : rnru roid. ..-; red, 878Sc; Wil lamette valley 90c. FlAll it -Selling price - Eastern Oro- paierns, 4o; straights. t4,06W exports, t,l 00 (if .'1.70: valley. J4.46- granaiu u -s, H .("; wnoie wheat, $4.66 rye. os, $5.60; hales, $.1. MILLsTCKKS - Selling price Rran $26; middlings. $:io.fj(i; shorts, $28fe) ;o.uii, cuoo, ii'jija oer ion. BAULKY Feed. $21. &0; rolled, $26.50; orewing. HAY Producers' price- New timothy. Miuameiie vauey, jancy, ; n t ; or dinary. $14; eastern Oregon, $16 mixed $1010.60; rimer. $9, grain. $10 cheat. $10, alfalfa. OATS - Track, new No. 1 white, $28 SIS u; gray. $27,00 5( 28 per ton. Fruits and Vegetable . FRESH FRUITS Oranges, $4.00 4.60; bananas, 5"c per lb., crated, 6o; lemons, $4. bO'a 6. 2u box; grapefruit, $4 'a 4 to, pineapples, Hawaiian. $3S8.B0 uoz: cantaloupes, J i y l. , ,-; DiacKOerrles, $1; peaches, 0fioe; pears, $1.00,1.25; grapes i oc 5f 1 . j ; watermelons. $1.60(jp 1.75 owl; casabas, $2'if 2.25 doi. ONIONS New Oregon, $1.25 JM. 50 per hundred: Walla Walla. $Kal25 per sack; garlic, ye In. POTATOES - - New. selling, $l.ing 1.25; buying for shipping. per rut., $1.10; ordinary, SOftHOo; sweet. itfic. APPLES - New, 75o(y1.r,u box. VECiKTA Bi .ES -Turnips, new Oregon, $125; beets. $150; carrots. $1.251.50 sack; parsnips. sic $1 ; cabbage, $1.75 lfi$2.00; tomatoes, 30-jj'40o box; beans, 5c; cauliflower, California, crate, ( ; peas. Oregon, 5c; horseradish, SflOc; artichokes, ) doz; green onions, 16c per dor.; peppers, bell, 5c; Chile, ( .) ; head, lettuce, 25u30c doz; cucumbers, local. I0(g 50c doz; radishes. 16c dozen bunches; celery, 6R4J75C; eggplant, 6 &c; green corn. $1.50 sack. Groceries, Nuts, Etc. SI'GAR -California & Hawaiian Re fineryCube, $6.40; powdered, $6.25; berry. $6.05; dry granulated, $6.05; XXX granulated, $5.95; conf. A., $6.05; extra p., $5.60; golden Ci., $6.10; I)., yellow, $5.35, beet granulated, $5.85; barrels. 15c; half barrels. 30c; boxes, 65c ad vance on sack basis. (Above prices are 80 days net cash quotations.) HONEV- New, 15c per lb. COFFEE Packagebrands. $16.60. SALT Coarse Half ground, 100s. $11 per ton, 50s, $11.50; table, dairy, 50s. $16.5u His. $16.00; bales. $2.35; Imported Liverpool, 60s $20;B; 100s, $19.00; 4s. $18.00; extra Tine barrels, 2s, 6s and 10s. $4 50rtj5.50, Liverpool lump rock, $20 50 per ton. KICE Imperial Japan No. 1. fic; No. 2, 6V4'54c: New Orleans, head, 7c; Ajax, ( ); Creole, 544O. BEANS Small white. $4 75; large white, $4 75; pink. $3.M: bayou. $3.d5.; Llmas, $5. ST. ; Mexican reds, ). Meats. Fish and Provisions. BIG CROP MOVEMENT COMING TO PORTLAND Livestock People Glad Know Exactly What' What in ilarket Price. to PORTLAND LIVESTOCK P.CN. Hogs. Cattle Sheep. Past we.:k :" ! . 2 k k ."Mil.", ''Vi'ins week .... 9:M ;.,'i l.tio 1 ear ugo rial :i ; 7 8.m 2 ' ' " feu .".i!6 z on:t i 1.17$ yj ; 49; SOUTHERN PAC. IS BIG J70NDER Advances and 3Iake New JIirh Price Almost Every Ihiy During' the Week. It;. Ilyman H. Co'ii-u. I I'l.iml l.'nh.n Stockyards. Aug. 20. !. n.-w system i ( .uotlng livestock y in 1.- l.pi.il or r.presentativo sales i fast taking bold upon tiio local mur- I an I ju . ii 1 1 s (in tu rlglil many wrongs Board of Tnd Becelpts. Weci of Aug. 39. Aug-. 33. Aug-. IS. Barley Bl 59 Bay 103 81 13 Oats 15 4 12 13 WHeat 613 351 334 Py Hyman II. Cohen The bis wheat crop movement Is on In earnest In the I'a-iflc northwest and those who hHve pinned their faith in a very small production tins season, ar booked to a very glad disappointment. Portland Is now receiving the great est amount of wheat In her history. the movement yesterday alone amount- Ins; to 113 cars the greatest for on" day ever received here. The receipts for the week totaled 613 cars of wheHt as compared with Sol cars a week ago and 234 cars two weeks airo. From present indications the port of Portland will expert more wheat than ever before and will sately lead all American ports this season In the mat ter of domestic as well as foreign ship ments. The completion of the North Bank road next month will send heavier supplies to Portland for exporters would rather have supplies sent here because the grain can be received as well as dispatched with greater speed than would be the case were the cars pulled over the mountains to the sound ports and then loaded on vessels. At this time of the yeJr expediency in grettinR cargoes afloat, means much to the buyer as well and seller and for this reason the export sellers will ftive Portland the preference In making ship ments. Then again the railroads would rather bring; the grain to this city be-1 cause it is a down-hill haul from the lnierlor Instead of an up-hill one, a . to the sound ports. Wheat Baying" Is Resumed. During" the past week there was a re sumption of wheat buying at Interior points. Europe called for larc-r sup plies and wlille not all the bids were confirmed, considerable business was done. Most of the call Is for bluestem variety and for this reason the differ ential between that frrude and club lias been increased another cent, making the bluestem sell nt an advance of ic a bushel oyer club. Millers are. showing a disposition to purchase ss heavily as possible now. although they were doing- but little pur chasing a week ago. They seem to have come to the conclusion that the exporters will take all the wheat if they don't, so they have entered the market and are liidding" up prices The cash oats situation Is the firm est seen In this market for many a year. In fact tin' present situation is the .strongest eyer noted here fur this pe riod of the year In any previous season. S.iUs during the past week have been rather stiall and in conseouenoe prices have been bid up to J'J.s 7.". track here. I e card I n k flour there is nothing to report for the past six days. The ori ent Is showing hut little disposition to buy ber-anse of the continued low price of silver. Some sales have been made during the week In a small way around 13.5iVi 3. fin Portland. Hoard of Trade prices for the week: CI. PR WHEAT. Sent. Dec. Monday 8U P Pl'.A Tuesday SJ I! SO B Wednesday SO B Hn p, Thursday 0 II 01 A 1-Tl.iav 8f P. II 0 Vi B Saturdny SSI li 91 B . I s. ii. posed ones In the minds of buv- i - as well as producers. The 'iuoti:ig ui i epresen tat I ve sales Ki'e; M.j Hbipper an exact array of tlg nr.s i.'" tne market, while the bulk quo tM.i; d-i not. Among livestock, sell-i-t s without much exception, the move ment i-i i oiiPKl.Meil on., of the greatest " vvr u'al-rtak.-ii in thin market. While it 1h neli.-vcl that some Int. rests will light th.- n. w order of things, there will he a sufl b lent number of commission,, nii rehanis re y to support it; to make i he system a succcsh from every stand point. i.oi-' of the opponents of the new sys tem of quoting stales that the shipper nas no tight to know what stuff Is bringing outside -,i what lie actually bends himself, hut ihB general trade Is Inclined to the opinion that everv ship per has a light h know exactly weat the market .s .l'.r:K i,.f,,r,. and after making his own shipment. With such Information to hand l.e knows exactly the pulse of the marke'. but under the old system of bulk quoting be was al most completely In tho dark. I'lTlrr the new system of reporting prh-.s as Inaugurated ,y The Journal, no fills. quotations are s-nt out to mis lead the shipper In order to make him ship or keep his stock at home, as thd ras-i may be. When he sees that cer tain weights have sold for certain prices be knows within a fraction of what his stock should bring, providing the mar kets tone does not change. Hereafter the quotations printed will represent- the entire livestock market lns'.r.d of a branch or only possible thine; to old system. A.ng. 39. Jan-1. Amalgamated Coppsr . . . 80 7 1 American Sugar 135 "a, 101 , American Smelter 08 'j 734 Canadian 178 IBS St. Paul 1444 1UU northern Pactflo 143?i 181 1 Qreat Northern. 138. U7?i Southern Pacific 1054 .78Ts Union Paclfio 183H UHa tlleumt News My Tin New York, him) an' toduy, I'nlon l'acj!i- by Lougint Lenten" Wire. I onus C. Shotwoll. Aui;. 29. Stocks closed under the leadership of Southern Pacific and, Hte. l pi .-, t u e,. All of these mudt new- r.-cords for the y ar, and Southern Pacific, once more .sold at Its highest price. The ihii riinan people are maklnir g-ood their piomisn to lead the market with Houth.-rn pacific, and they havt promised alho th.-u it shall touch 125 111 tin- present campaign and that Union I'.iclllc shall t. uch ITS. The same peo ple are Hiking 200 for Consolidated," Oa.s. These liguios are given not an tips on the market, but as a matter oC news, to show Just how confident tho St uidard oil imople seem to be, and, how darltit ar.- their operations. Noth ing of news importance developed to ac count f"i- the advance of the marker. Tin- hank statement showed a largo Kain In Hwrjilus receipts, and the Lon don market was very strong in tb Amei lean department. on the ,-urb market stocks were verjr active, with investments being shifted from Nipissing to Larose and Cobalt Central. t wo, ns was the ' 0 obtain under the KINGS OF HOP WORLD CONFER BUT FIND NO SOLUTION HERE Front Street Commission Men Feel , ""Effects of Undeserved: Criticism. Commission merchants complain of the action of some shippers In condemn ing them for alleged practices for which they are In no wise resposible. For In stance if n man sends In a consignment of tomatoes on Monday It does not nec essarily follow that he is to receive the price ruling on that day. Wrin th market is full of supplies as during tne past week th shipment may not be sold nn the ilav of arrival ana tne next aay or so when the ileal Is actually closed the market may be considerably lower. This Is Injustice to the commission men FRONT STREET REVIEWS. of Itrief Mention of Many Line Trade for the Tast Six Dajs. Tomatoes are lower. Much heavier arrivals Cool weather ls all that saved the market from dropping; to 10c a box. 8ugar dropped JOc per hundred pounds durtnr the week on acount of the lower prlow in the east. Heavv Mressed veal Is hard to sell, even at lower prlc. hut fancy stock finds s call All dressed hos r irood. Peach market Is holdina quite steady, although prices are a fraction lower than lat week. Much heavier arrivals from all centers. Watermelon market Is slutted, but a few days of warm weather would clean up supplies. Same prices. Cantaloupes are eomlns; In so many tlre end arrades that prices are ranging from II to Jl,7t a crate. Alaska potato demand Is filled tem porarily, and the maiket Is doll, awalt in a rail from thf south which baa not yet materialised. ' Kay market shows heavier arrivals, and while the market Is somewhat coa ler prices are unchanged. HhJe market Is easier, although local refpl have- not yet made any change their prtra Front street sella at the following Fept. Pec. Pec , May Sept. Pec. May Sept. Pec. May Sept. Oct. Jan. Pent. Oct. Jan. Sept ct. Jan old. . Open. 94 High. 96 ' 98 V, SS CORN. 77 7S fif.S 66 a. 64 64 OATP. 4 9 U 4 9'-j 1 1 ' Low. 94S 94. 9S' ' Close. 94 94H 98 R 1 4 61 PORK. .3475 147K .145 Hi? .162 1620 LARD. . 93? 937 . 945 947 . 935 937 RIBS. 7 s 9 o !96 S7 8 4 0 8 4 0 66', 64 4 47 SO-, 77H 66 U A 64 i 41 A 61 A HAMS. KACoN, ETC Portland pack (local) hams, 10 to 13 lbs, 17c per lb; breakfast bacon. 16 0 23 Ho lb: picnics, 11c 11); cottase roll, 12c lb: regular short clears, smoked, 12 14c lb. backs, smoked. 12Vjc lb;, smoked short clears. 13"ije; clear bellies, smoked. 134c lb; should ers, 12c lb; pickle, I tongues, 70c each. DRESSED MEATS- Front street Hi(ts. fancy. 7 y Sc lb; ordinary, 7c; larjre, 6c; veal, extra, 8 4 'ct 9c lb; ordi nary, 1 He lb; heavy, (a-6o lb; mutton, fancy, 747Vsc lb; spring lamb, 7ij.7Hc ID. LOCAL, LARD Kettle leaf, 10s, 14c Fer lb; 6s, 14 'c per lb. 60-lb tins, 3 Vie per lb; steam rendeted. 10s, 13c per lb; 6s, 13Vc ptr lb; compound, 10s, 9 Vic per lb. FISH Rock cod. 12'ic lb; flounders, 6c per lb; halihut. 6c per lb; striped bass. 15c per lb; catfish. 11c per lb; salmon, chlnook, 9c tar lb, steelheada. 8Vc per lb; sllverside. 7c per lb; her rings. 6c per lb; soles 7c per lb; shrimp 10c lb; perch, fic jut lb, tomeod, 11c per ID; lobsters. 2ro per lb; rresh mackerel, 8c per lb; crawfish, I'm- per dozen; stur fteon, 12 He per lb, black bass, 20o per lb; silver smelts 7c per-Fb: black cod, 7Vic per lb; crabs. J 1.09 ift-1.50 dozen; shad, 2V4c per lb. rne (-had, 6c per lb; shad ro.-. 124c jar lb. OVSTKR8 Sboalwater Hay. per pal Ion, J2.60; net- l( 0-h s.i k. 00; Olym pta, per gallon. J2 4'h p"r P'O-lb sack, id 00 jj 6 fill, KaRlc canned. 6O0 can. J7.00 doien; eastern in shell, JI T.', per ion. CLARIS - Hardshell, p.-r box. $2.40; ragor clams. .'. 0 pi 1 ncx: 1 oc per dot. Paints, Coal. Oil, Etc. ROrK Pure Slmlia. b Hy Hymnn IT. Cohen The hop situation Is so thoroughly mixed at this time that not even the preat leaders of the market can gainsay what Is Koine to happen. liven Jim Plncus of Pincus & Rons of Tacoma, and.. Herman Klabor, now of this city, but formerly of the City of Destiny, are entirely at sea. The onjy thing either one of them can tell Is ihat all depends upon whether the growers pick the full crop or not If they do not It mav help the demand and crop the F t bi say o I Is R-ntbered even ti e shorts iorv will lie t.o s-a-1 to tell, tan dai Jim Pittciii has been in itv bobnobbine with tho hop trade In treii'-ral. and thf- leaders In partic ular. He says he is still in the market for contracts, but as no others are will ing to pay over 7 'so a pound, that's his limit. For several years the Plncus firm has made considerable money by speculating III Imps. Once nr twice 'he firm was caught barking up the wrong tree, so to speak, but generally speaking there has NEW YORK STOCK MARKETS. price a trifle by forcing short covers been a steak of lock running through to pay a higher price, hut If the foil I the veins of the Tacoma manipulators I of hops. I During the big comnlne or the growers a lew years ago i'lncus was a memh.' fjf the growers' trust, but when tho mar ket started to go entirely to piec-s the firm quit, after dulv giving notice of ll4 Intention, and took Its loses as soon as possible. Herman Klaber was an other one that was "wise" to the out look then, for he began to sell Jut before the market reached the top. .While both rincus and Klaber sr- dealers, they ere likewise extensive growers of hops, the latter having a large place from which he has Just re turned. DESCRIPTION. . Co. c. . SlS.! aw d 42 14 75 1607 935 94S 935 8S5 895 832 14W 1475 1610 937 945 935 85 8 95 832 11c, sisal. 9V4c. I H LINSKKD I'll. I ca si s, 5 hoi',. .!. !.'.. a gal; bits .-f ;i.i gai cake meal $.: t t c 1JKNZ1NK. '" gal . iroti l.t'N . 1 . '2 -TI HI'llN ITNK In wood t.hls t-V-c per Ka!. WHITK I.K V i ' ! -1 : ''. lb: 6ea-ih p,ts. (,, ; lot. WIKK SAILS- Pr- set. t basis. c, standard . 84 c. bhis.. 53c; : cases. 61c 1c less, oil Am. Copper Co.. . Am. Car & F., c. do pfd Am. Cot. Oil, c. Am. Loco., o . . . Am. Sugar, c . . . Am. Smelt., c . 1 do pfd Anaconda M. Am. Woolen, Atcntson, o do pfd . . . B. & O, o do pfd . . . Rrooklvn R. 1 an. i'ac, c . . . C. & o. V, c. C, M. & St. P. . N. W . c. . Ches. & Ohio . Col. F. & I , c. So , c S., 2d Pfd first pff . Prod nets. 1 Pf'i A: Hud. . . R. (i . c . So 41's 103 4 354! 67 4 136 V 98 4 4 I ' 101 ;i r o 103 "3 4 7 13 6 4.13 f. 4 9:4 6 - Tr. Col Colo. do Corn do Del 1 1 - I Krle. 1 ilo do f. N 48 4: 'flu"! 'f'3S '176 4 4 3,"i" 4s4: 91 ' 95 V' . . . . ! " I 7 6 6 4 4 8 9 0 1 0 4 i 411, 103 3 5 -'4 r. 7 4 13 ". 4 :.s4 1 0 8 1. j 4S 2 4 Poor Q nail try Affecting Cattle. Arrivals of cattle In the local yards or late nave not come up to the scratch of quality and buyers are therefore much more cereful In their selections. While the tone of the cattle market Is firm, the general arrivals are not of suf ficient qunllty to brlnfr oyer $4 for thn best steers, and this is now the highest value listed In the yards. Sheep market Is disposed to hold well, although receipts show a material Increase over those of a week ago. Feed Hogs Have Been Too Hlg-h. Feed hogs have heen too high, accord ing to the trade, and this Is tho cause of a dip of 2 fic in the price during the pa.-!t week The hog market In general is quite firm, with prices easily main tained at $7 for best east of t he moun tain stuff. Hogs are arriving quite freev from the east, but the market there remains in a very firm condition and prices here look quite respectable for the near future. Representatives Sales of the Week. The following are representative of the sales of livestock during the past week : K0T9. Weight. Av. 29 feed hogs 3,555 100 hogs 17.860 2 hogs 640 ri:l feed hogs 7.200 25 fee, I hogs 3.440 hogs 4,055 21 25 feed hogs 3.440 77 hogs 15,150 Sheep. Weight. 280 r. o F. welh.ers 1 4 lambs . I sheep 1.719 K O. lambs. . . 1 2 4 V.. 1 ' ewes e w . s . Prion. J.-. ;;. 7 00 6.1H) r, 75 5 5 0 7.01) 5.50 7.00 Market Program Changes. New York. Aug. 29. The sensational occurrences at the close of last week, IC Is now pretty clear, tsntlrely changed t he'-Juimc-dlate market program. Dis tribution of stocks went on last week until the abnormal situation which cul minated on Saturday, had begun to show with disagreeable plainness. Then sell ing from Important quarters ceased, and instead of letting the market take their stocks as ti would in a free and nat ural manner, tho leading Interests evl- ntlv md- op their minds that thl venturesome party on the "bear" slda must be taught a severe lesson. This change of plans necessitated that a great quantity of stocks be taken on supporting orders, which would not have been bought In the ordinary course of events. It necessitated, too. In natural conse quence, juiich more elaborate measures to permit these stocks to he sold again when the object for which thev wern bought was accomplished Thi failure) of A. O. Brown 1 Co. forced certain firms to which thev owed stocks for delivery to go into the market and buy them. This technical short Interest, along with a real short account, of con siderable proportions on tho outside furnished a very effective buying pow er to begin with. But In order to broad en tne trading surrielentlv to accom plish their purpose, the financial leaders ' appeared to bo taking only more an ac tive, hand In the operations for their rise. Activities were directed chleflv toward I'nlon and Southern Pacific and in other directions where buying asido from short covering took place, it was wholly in the nature of a side issue. Two points in the immediate status of tin- market affairs should not, how ever, be ignored. One Is that It is the "big iiit'-.ests. ' who have supplied the Mucks for this week's enormous eover irg movement, and to the extent this distribution has eono the technical posi tion has been weakened. The second is the time Is vrrv close at hand when the question of politics must enter promi nently Into the market calculations. If the September elections In the New Kncland states show their normal Re publican majorities, the chances of a I'.rv.-m scare later on will of course be lessened very ronslderabl v. Rut If Wall should read next Wednesday that maorlty had been heavily-. a week later that Mln i.een saved to the Republican result would not be pleasant. strwt the errnon t reduced and had bare party th 5 3 4 7.3 176 4 " 6 1 4 4 4 6 4 14 4 4 1 6 1 4 : 4 36 4 35 ' 4 -4 per per pal ims. 72c ppr gal , r pr 4.c 1 2 85. BOSTON' I'OITFR M RKET. prices. Those paid shippers are less regular ojunmlssions : Bntter, Bars ana Poultry. BITTER Extra creamery, 314e" fancy. 27 4c; store. 18c Hl'TTER FAT - Delivery f ob Portland 8weet cream, 30c; sour j per lb. KiGS Local bst. J5-3 2e; ordinary ?4y ;6c: large lot, lc less, eastern 24c local slorage 24c. CHKESK Full cream, flats. trlnlc and daisies,, 144c; Young Americas. 16 4c. ' POCLTRV Mixd chickens. 13c fancy hens, IJtf 134c: roosters, old. 9c. I "". 1. uruiirri, I.-.C per lt.. (rese "print;, 1 4c; turkeys, alive. 17c; spring ducks, lib 15c lb; pigeon. 11.25 doi dressed poultry. 1G14.C lb. higher, ops, Wool aad Klaea. HOPS 1907 cron. " flrat nrlme, $c prime, 4Hc; medium to prima, 3Q4c" medium I4c lb; l0f crop, !fi J'c lb' cortrscls, Sc. ' but-r-h-fMNH Phesrlng 10lSc each; short wool. lco)40c'; medium wool. SOcQll ch; long wool. 74c u ILli each. WOOL 10I Willamette Cite. WOHAIR 17 Nominal. TALLOW Prime, per lb. 1 and grease, Trl4c CHTTTIM BARK J4r liil K3 Dry hides, l$lto lb; reen, t F - rn ed t Huston. A.t A d '. nt ire Apex A llouej. . . A rrand Ian Atlantic Hir.ghsm Htltte ("nll.l . Black lit Cal A- Arli Cal A Heels Centennial Copper Range Cop Mt Daly W.st East Butt Ci ran by Greene r.lreill . . Mass .... Michigan ... t oh a k Nevada Cons . NlppUslrg 4 i 1 . s 0 4 . . S 4 -. 1 l I th v 1 til' I ot-b VI t"r-s u , i e- ire u !nor. a ) uim 10I I ooke Co I rid prices. 3 te ... S". .... 1 1 I n . . . 4., 4V- . s 24 . 15 V "3 'I'l . 204 . 1 1 4 4 4' 5 V 14SA Si 5V, . 4.-1, . 2. Second pfd first pfd irthern i.fd Illinois ( entraj. I-otiis. & Nash Manhattan Ky.' M . K A . T . c . . do pfd Distillers Ore Land Mo. Paoii ic National Lead N Y Central . N Y . 11 A- W. Nor West . c do pfd No American No Paclfl'-, r... Peru R'v . P U . K A- C Co Prefsed St ', c do rM r a, c :i pfd 1st i-fd I S . r I f i Iland. r ; fd , s r 1st pfd CM WHITE BEANS PRESS THE FRISCO MARKET (Hearst News by Ijon;et TaSFd San FranclS'-o. Aug. . -Wheat I'urlng the week the local market was without any qii.it.-d change and Inact ive. Today's receipts were 1.2s'"1 als. Including rentals fr : oust 1 k-ceniher bar al lilchet but I' II valley, imeie. I 4c; No. Hogs I'p Chicago. Aug J Chicago .' i"i Kan-. Cit ; 1 "'' Omaha b i Hogs are 5c h:gh tenlav, IfO r":r' B fonts. "ff-c!.! pur-: Fhe-p 1 E" mlxl li 1B7 ci rough, 14 ldu 40. Cattle and sheep .'. 4.0 l.-ft cVr ve t ear r 1 14 henvr. SB7 (ji. Pent, li IS u steady rarld tlit. UhlbeT. Pari. Aoa :t-Wbttt closed eeatlaes tig bar. 4 Read do i) Rep Ro. k do Ht I do ft L do South Pbc . do pfd S "it hern lb r dn pfd T Pactflr T .81 LA do pfd ITInri Pacific, c do pfd 1" S H'lt,t-r. r d" I fd . . 1" S Co . do r-ffl W abai . . d pf 1 . tVeet r Tel Wl Cent, e . n pfd vTetlrbeii Tb!lng Iak 13fS 3 J 3-S 7 f.' t, i 1M, 43 S 74 1 4 I w:S i ; :3 r. v 11 1. 1 74 -t 'and rfii'n in. 4 ? ' u. rf : 35 : 4 1 7 S S 4 U - f ! 14 1 : 1 ' . 4 : 103 11', 1 1 S 11 1 : 1 1 S 4 4'' N, 1SH I5 . . ' li .;. . . .1.. . .' i?v i: t4S KPtjuis I04 ; n ' 2" It I 1 "4 II?' 4 47 4 - 11 " V 111"", IIS 12 1 :4 1 . I 71 V J4H 4'i 11' ii'-j 44 I 73 V Total seiea 4vi.v share. 4! I, 34. In.. 47V. 111V lw J4 li 144 44H 74 ch inge.) an were 3 Port C'.Ma. ' in ' s uitc :i re". 1 pt ,,f .-.113 7, 7 - . . centals fr.o:i Te h.-ao murkf! na r-- espe. ai'i for- large whi' -I of whi. h Is x pry large an 1 ok on the market No guiding 'ions ia-: he g'ven nt tills wilt: n-' ci-.p ns i! oiaiket is rnth a specc:Mtive '.ara. ter. It was that f 1 -. r oarhia Is of ri. ,-r,,: heans w er.. r..i,: f..r m ij hio!.! :)r scut 1 Sonie Were rei-orte-1 : i-f-n t a 1 f . . h s. ,1: h. y k ldn v bea r s 1! t rh-.s -n fhe'n raie fjrrr:. I". fhair there were no ch-ir-.g ' I he re. e!i'ts were 1 a" H ;. cheese and egg murk C. T and Wl'.io-.'f :in o )Ote,l i . .a n ge I o rmi-i of .-o; I at 3e per dozer, but no :.. ot'talr.able at tha' price. " fruit market rondit'.n we-o I t'-e bu vlng a .is n't n i nere w er no ri.- t - and t-tM ers iM they pleased I'nder t q ic- Jt 4 f ' CCS Ht'P r h a n g e-1 a sma i 1 w a)' for freh fruits ao. nt hat -i rcims-rances onlv nit -nt t:rs can be given Pr-.'ts f-. rier section wcr vrrv lare. Xrw Vrk Rank Ststcnnnt New York. Aid If - Rank mnt AV. mce. : had barel 19,945 $2.7.1! 11-. A All ' 44.410 4 ; 2 i ' s- Government Rnnds. K 11,640 8.00 1 New Yor k. Aug. 29. Government 14,325 .25j bonds: J 30 lambs S.100 4 7.0 1 . , Date. Rid.- Ask. 4,p; sheep IS, 560 3.7.0 I wos. registered ... 1930 10$; 104H !' coupon 1 930 PH l,MU- Threes, registered . 19u? 101 102 Weight. Av. Price. do coupon 1908 101 102 1 row -j75 $3 00 Thr-es, small bonds. ... 100V4 1 cow 0n 2."i ! Fours, registered .. 1925 120i 121t4 1 cow 765 2.75 1 ',0 coupon 1925 1811, 123 20 .steers 21,715 3.75 j Twos. Panama 102 108 2 leiils 2.0S5 2.00 ! - , "H cows 3.225 " r' I OVWWWWWWWWWVWVQ ''" wra 2. H0 3.r,uj! We Pay Tou 4 P,r cent to Sara ! 1 7 st-rrs 16.S50 3.00 i im'cows is',565 !h75!! TP S-ff TP ! 2 cows l.SIa 2.25 C Jt 111- 2 cms 23,765 2.75 4f V i 3 1-'. steers 2.730 3.00 C nwrrtaa am Wire.) 1- , attie 7 S50 -. no C k:r.::::::::::::: VM SECRET 3 to.::s 4.285 2 oo I 5 ..VJm.JJ . . 2 ! :.ls 2.635 1 50 1 en: j , ,;s 4,645 3 00 l; I" stee-s 10,150 3 00 ' T ... , f h , ,,ws 1,2 SV' f 110 ? accurtuilating' a for- ,, 3 11V.. 2.40 2.2:. i tunc 1-4 in Knowing imri.,,,.,,.! w.--' ?"v.? -I-'- S a m ..it n t s earned ami snd m. 1.,.1,-g! . s-.. ............ 2V.,95 Tt50' ;;. t h tTH" ? then into I u nset 'e, 1 ' ,. o in. i i.i "i A.. J i . i , ... .. ii C ,, - .-2. snap.-. i 'ri- is;t unr uoi- . 1 -.v 4 ... .1 2 7- 0 f 1' ' . . 19.190 :: en ' Savin Do f"' - 2-135 - 7.n ; : .-T::iT.r ami p.. ice the ' . . i . v SH .-;. .; ..a 2 t .''; ' :' io..:7o . .. anTotin.: with it f ,, w t.05 -'-'"' ' tac!. w . fk or ninth and ',' ,'..-1 '. 2i,7i5 . fi fr!ji i wi'i find Li) ohject ! . . v ear ago for the past week- h"-gs ' J u' r" I',:rs!l!nrT' ... , asv i" iru , cattle were t:rm. J y ' . ,' .I''"'1' ,,"dy' wUh uncmviged Tvo p,r et allowed oa eheekla 5 '.'fe'.al yarj values todav: account. 4T fi i - Pest east of mountains. 7 r.;:r'Y' amcricn bank & trust;: :-.e J t,... o "medium steers. $.;, . I CO. OF PORTLAND ' ': ordinary. $3 T5f 3.54: lest . 41 t' I ,-at l .lfers. 2 75 S; medium c-w . no 5vcnth 51. tlkg Tempi "2 50. stags. 12 50 3 3. bul.s. I.'. n sih.-ep -Rest wethers, JJ.50: ordoarv . n batoTOV e-. we-he.-. 3 ii 3 25; lambs. II s'.ngi.t r- RALITO Frs i,w s j:5o mixed int. inne-- tl L MAC Ol 1 1UOI4. .Caahler VeJtl 4-hoice young calves" J50, t V.ov and rough, S3 4. "VWeAMArAMVi ey cloepd lr nr ' ie spit' market was i. ipiltst. The local rec. ij tital.s and 1 2 5-oi sacks s; i V S. Reerrvee do less Txians Spcie lnln 1h;k.11 Circulation Average cah Iecre.ee. .. !al yarj values today: k-.- Best east of mountains. ,ry. I 75 j 7; blockers and ., st .cn,.rs and feeders, 35. ect. east of tlltliinti:n "0" medium steers. '. ; ordinary. $3 T5f 3.54: lie.st 'iters. 32.76 93; medium r-ns. f I 50; stag. 3 2 50 f 3. bulls. -' -ep -Best wethers, J3 50: ord'enrv J3ti 2s: lambs, tt. si. iignt '32 50. mixed lota 12. 6002.75. YeJtl-"4'holc4 young calves. J150, mvv and rou;h. I1Q4. reer e 2 7 Ire ? 1.21 1.' ' 2.2a...:5 z r 4 ; i 2 S75 ;..' t 4 2. 4 "..l 4;o.....i per rent Hy-flreiphotiie, whick has rra-t!cllv ISoen stemped rut In Kr.gland. stiTl n.-mriehe n m"t continental cojntrin. Oermsrj- t'-pe the list with an annual sveraae , ot 2.11 tc unit eat. de sire Jed on account of fcydrepbebia. Overbeek & Cooke Co. Commission Merchants, Slocks. Bonds, (follon, Gnla, Etc 216-217 BOARD OF TRADE BULLDLNQ Urmbcra Chicago Board of Trade, Corrnpoedrcti ci Lcfaa ft rrjia, Chicago, New. York. Bottom. Wc hiT the only private wire connective Fortlatvci' with the eaitem exebaog-ea. UCMBCRJ POHTl-AD BUAKO OT TRAt&