f (
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&