The Oregon daily journal. (Portland, Or.) 1902-1972, November 01, 1908, Image 55

The Oregon daily journal., November 01, 1908, Page 55, Image 55

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Newspaper Page TextI THE OREGON SUNDAY JOURNAL', PORTLAND, SUNDAY MORNING. NOVEMBER 1, 1908. a v. v. 4 H EGG PRODUCTION fffil 1 1 1 ' !',., lUDIFFEREUCE II BEAR FEATURE Foreign Markets Fail to Fol low Former "Wheat t Rise' "of Chicago; .This Hurts. TO GET TOGETHER AND HELP BOARD OF TRADE Grain Trade Votes to Support Old Institution as Well as Future Deliveries Outside Dealers Anxious to Hake Portland Board a Success. OCTOBER HMD FINANCIAL EUROPE'IS f AWAITING ELECTION Presidential Campaign Here Is to Have a Very Big In fluence Upon Securities All Over the World Eeac- v tion in New York During Week.. TO BE HEAVIER Oregon's Industry to See a Big Growth Within the , Next Year or So. : By Hymen SC. Oohen, Oregon' egg Industry is Just in Its infancy but tbe promise could scarcely bs better from a. financial point of view. Within a few years it will no longer be necessary for Oregon to send east ; for the larger portion of her egg sup plies. Of late the arrivals of eastern . egg here have averaged about a .'car a day so it can easily ; be seen how many thousands of dollar - nnually make their way from the pockets of Pacific coast people to those of the eaiiern yruuuucr. There are many portions 'of Oregon , and Washington where . climatic 'condi tions are ideal for the production not only of eggs but eggs that will com pare in flavor wltn any n the wona. j use ai preBoni egg producers are iook Ins toward eastern Oregon and Walli ington in the hope - of stopping this enormous outflow of money to the east ; em states. It has been found upon practical ex- . perlment that the egg produced in sec tions where there is little lime in the soil, will not show the keeping qualities thst do the eggs put forth from sections where lime Is plentiful ha the soil. .While an egg is an egg no matter where firoduced, the ones inat come rrom me ime sections are the ones sought ' for storing purposes for tney Keep wnere . there is little lime. For this reason it will pay Intending egg producers pick out sites wnere tne soil has plenty of lime and soil of this "6haacter is quite -easily found in Ore- - gon and more, especially in eastern Oregon.-; . ' TRADE IN GRAINS IS VERY QUIET ALL THROUGH WEEK PORTLAND GRAIN RECEIPTS. The receipts of grain at Portland for the Dast week as compared with previ ous weeks, as reported by the board of, iraae, snow in cars: , Barley. Flour. Hay. Oats. Wheat 31. 3 13 14 19 22 Oct. Oct. Oct. Oct. Oct. Sept. 3.. 24.. 17.. 10.. 8.. 26.. ,.40 ..44 ..41 ..69 ..85 ..73 4 76 70 7. 40 69 25 86 61 22 4S 60 865 411 416 178 473 -749 The movement of grain to market is decreasing. Farmers are not such free offerers of stock and there is little disposition among buyers to press pur chases. There was a quiet tone in all ' lines during the week, especially wheat There was no change at all In cash values and on the board of trade there was bnt a slight weakening of quota tions from those ruling last week. 1 While . the oata- market Is quiet, the -market is holding firm and producer f are not willing to sell unless offered an advanced price. With their ware rooms here filled with oats and prac tically no southern demand to speak of at the moment, buyers are Inclined to wait a 'while before entering .the market again. As far as barley was concerned the tone of the market during the past week, while quiet, was firmer because of the somewhat better tone in tho south. . Board of trade prices for the week: CLUB WHEAT. Monday . . . Tuesday . . Wednesday Thursday , Friday .. . urda Nov. P0HB 90VB 90 B 1A 90 B 90 B World's: Wheat Price.' -. 4. .vi . . , December. Portland ji.;..,...'...r.,,;. 0B Chicago 100 A Kansas City ...,., ti...; 83ft , St Louis .......... 99H ' ! "Winnipeg , , '. .'.;,.... St Minneapolis .,101 : Duluth J01 San Francisco ....... ...l$5 A Liverpool ...... 7s 8 d Per cental .... CHICAGO WHEAT MARKET. X)pen. Close.' Oct. 80. Lobs. .100 1UUA lUUH 108 1J?)A Deo, May July 96 97 104 98 Saturday NO. 1 WHITE OATS. Monday ...1.S2UB Tuesday 1.B2HB Wednesday 1.S0 B Thursday ,. .....1.55 A Friday .. 1.60 B Saturday 1.60 B , NO. 1' FEED BARLEY. Monday .. . 1.80 B Tuesday .. 1.32HA Wednesday .1.28 Thursday .. .....180 A Friday .. 1.28HB Saturday 1.30 B 1.52HB 1.65. A 1.62B 132a 1.36 A 1.30 B 1.33HB fh rm trf Clnt SI fMvArnnn1 fthnwAil indifference to 'the strength displayed here vesterday. That and - the absence of export demand for American wheat were the bearish features. Matters connected with the most vital features of the domestlo situation were bullish. There were only 645 cars at Minneap olis and Dulutli. compared with 604 the like day in 1907. Weather was frosty and favorable for marketing bv farmers if so dlsnosed. I but . haats on their part appeared .no I longer to exist The market was bear- ishljr affected by an Argentine- cable that said the frost damage to wheat was light and ' flu 11 v comoensated for by the increased acreage An estimate of the world's shipments for the week made the total 'about 9,000,000 bushels. Wire was no relief to the stagnation of business until near the end of the session when further pressure of offer ings was causing Increased weakness. December wheat closed, at 81 and Mav at 11.03, being about He .decline In each for the day. There was a firm feellnr in corn. al. though for some time past the trade was very small, Receipts continued light, but the weather .ldeiu for curing corn. With the early downward ten dency of wheat scalping operations In corn -rather favored the selling side, so mat early sngm gains waa soon con verts to Ions. Tlvemool wan frnm fen. changed to Hd lower, sample martet waa weak, and brices from 1 to to low er. Closing prices showed considerable loss, ana were at tne lowest point of the day. Sham decline In the cash market was responsible for the heavi ness or reeling: at the- close. In oats, there was dull buvlns and selling of no particular significance from- a speculative standpoint. Re ceipts . were moderate, and also ship ments. 'Prices were for the most part a trifle under the closing figures of the day Previous. Offerlnas in. Iha sam ple market were readily taken at prices or tne aay Deiore. i Depressive Influence of heavy re ceipts of hogs of very poor quality was the Dromlnent Influence on the tiro vis ion market There was no buvln of suinoiem volume or urgency to cnange tne general aireciion. . Cash sales: Wheat Winter No. 8 red, 31.01tt1.02: No 3 red, 31.0001.01; No. S, hard, 97cJl.00; spring, by sam ple, No. 1 northern, 1.041.05; No. 3 northern-tl.071.12; No. 8 spring. 31.03 01.04.. Corn No. I yellow. BJc: No. S white. 65H68c: No, 3 yellow, T4f Oats No. 2 white. 60 c: No. 3. white. 4749Ho; No. 4 white, 44 47c; standard, 4914c Range of Chicago prices furnished by Overbeck & Cooke Co.: DROP IN BUTTER IS CAUSED BY LARGER SUPPLY FROM EAST A small supply of cream and a drop tf 3o a pound in the price of local manufactured butter .was , one of ths freaks of the wholesale market during tne past week. During the week the total supply of cream arriving at Port land was 31,182 gallons, the smallest for over two and a half months. How ever, it was not tha local . supply of ciwuu uo uuur mac arieoiea tne mar ket here during the past week but the large influx of eastern manufacture which had been bought at low prices before the advanee In values. A large amount ui inis outter nas liKewlse come to the Puget sound markets and this has been brought in competition with the local product. .At tha great difference in value between local and outside butter the trade seems to have of lata given the preference to the eastern product, hence the drop in lo cal prices. . The height of the egg market seems to ' have been reached, for during the past wee. a ton easea considerably and prices reacted. While sales at 40a were quite general during the latter part of last week and the fore part of vne present period, me weaaness in creased as the days progressed until sales of strictly fresh local stock were made as low as 35c Chickens were in larger supply, the past weeK ana prices sunerea some, what on this account. Cheese market waa firmer but beyond a tightening of values there was no cimnge. . . . . The receipts of Droduce at Portland for the past week compared with pre vious wmm as com pi iea oy tne fort land board of trade show: - , . Cream. Butter. Eggs, Chicks. kbio. uuxeir cuci. coops. Oct. Oct. Oct. Oct. Oct. Sept Sept Sept. Sept 81.... 21, 162 24... .23.948 17. ..,25.278 10.. ..28,787 8. ...25,199 28,. ..26.893 19. ...26.685 1 2... i 27, 537 6. ...22,794 824 687 795 79T 1.191 M 640 687 428 4.972 2,691 .r.i 1.459 1,998 817 1,247 1,740 -.964 88 .458 53 480 604 679 434 414 423 ABSORBING OF HOPS -v - VERY PERSISTENT AT BETTER PRICES There was a fiulet though persistent absorbing of hops In the Willamette valley during the past week. Sales wer made from 7 to 8 Ho. the latter not being fully confirmed, however, Several, deals for small lots were closed at 8!4c, which in Itself was the highest figure for the market to attain during .the present season. Prominent among the .buyers this week were Harry L. Hart, with over 600 bales to his credit; CaUin Linn, Julius Wolf, Sea- WHEAT. Open. High. Low. Close. Deo. 1004 100 ' 99 100 A May ,103 1084 103 103A July 98 98 97 97 CORN. Deo 63 63 63 63B May ...... 61 63 62 62A July 62 62 62 62 OATS. Dac.l...... 48 48 48 48A May 60 ' 60 60 60 July 45 45 45 45 ' . PORK. Jao. .... .. ... 1440B an. 1612 1613 1600 1600B May 1693 1695 1686 1585 " LARD. Not. ...... 940 840' 987 937 Jan. 945 945 937 9S7A May 960 950 942 942A RIBS. Oct 887 890 885 - 885 Jan. ,.... 847 850 842 842 May 857 857 850 850 By Hymnn E. Cohen. Support tho Portland board of trade. That was the sum and. substance ."of the meeting of the grain Interest of tha board this week when the question came up for discussion. Continue future trading. This n . another opinion of the members- of the grain trade present at the meeting; only one vote being agftlnat-future transactions. ' wniie tne meeting was not auuuu by more than one' of the big interests, those present were amorig the best of the trade. The question of future trad ing was discusseu rrom an siu.es aim although there has been considerable talk from hostile interests as to the, propriety-of dealing In futures, none were on hand to present their sup. posed jtrlevancas and -the trade came to the conclusion that there wee rl firrlAvfl nnn to renort. ... . While an effort has been made by some of tha disgruntled ones who have always been DRposed to publlo quota tions that were real; to establish an other griin exchange; the grain trade In general, will mot surport it accord ing to the interests present at in meetinar thi week. The following from a representatlvi craln huver seems to hit the mark quick and squarely: Wheat Bayer Believe. ."rf a writer en -a morning - paper really wanted to establish a grain ex change here he could have done so a year o more ago befora. the Portland Board of Trade bCKan 'to deal In futures. There has been-a callfor. a grain exchange here for many years, but the bid people have had things their own way for so long that they discouraged any attempt to -establish an open market. In fact while some of these people Joined the Board of Trade they have been opposed to uall the time because they knew that If the board was a success the grain business here would be done on a smaller mar gin than ever before and the farmer would. In the end, receive more money for. hjji product. "Grain exchanges have proven a f reat help to farmers all over the coun ry. Within an exchange such as the Portland Board or Trade or the cnlcago Board of Trade, the farmer who did not want to sell immediately after har vest for whatever price the .big people wanted to pay, he was compelled to store It at heavy expense and take his 'ft r-v- '.- ;v:.V':-'-'::'-'''':: ' v. , . ' " ' i - . FOR SKIERS Livestock Prices Touch Bot tom in All .LinesOut look to Improve. Oct. Oct. Oct. Oct. Oct PORTLAND. LIVESTOCK RUN. Wek of J Hogs. Cattle. Sheen. 31. 24. . . 17... 10. .. 1,693 2.598 2.928 1,697 1,814 1,183 1.693 1.730 919 1,354- 2.301 1,128 1,135 930 1,480 T. S.' Townsena. s President" of the , Portland Board of Trade. Fred Muller, Secretary Board of Trade. Portland chances of a higher market later on In the season. "In an open market -like the Portland Board of Trade, the grain men buy and sell for future dollvery according to what they brlleve the market will do in after months. In this way a farmer could sell his grain for delivery later In the season and know exactly what price he"can obtain. The open market is, therefore, a good Uilng ror all in dependent buyers and sellers.'' Big People Deal In Futures. While maklnar all sorts of prnfes. slons to the contrary the big millers and exporters as well as the smaller Brain men deal, in future deliveries. All of them will sell or buy a cargo of wheat or flour for future delivery and this is exactly what the Board Kit Trade would allow the farmer to do. All transactions on the Portland Board of Trade are for actual delivery. One or the large gram firms in Kan Francisco has presented the following reasons in favor or tne worit or the Board of Trade. , . "ilrst The gram business in Ban Franclsao conducted along similar lines since 1882, has proven to be, quite a success, ana we ran to see wny, it should not be equally "successful in Portland If the members support the exchange as they should. mturs Trades Legitimate. . "Second Deals In futures can be used In a legitimate way by grain deal ers who make contracts for the future delivery of grain with their customers, and. bv the purchase of time contracts can then .insure themselves- against loss, and in this way tbe value of time contracts establishes the price of act ual grain that may be contracted 'for by buyers to fill their needs. "Th(rd We have found In Cali fornia that many growers prefer to soil their grain and get the use of the amount rather than to hold the grain In the warehouse and pay warehouse. Interest and other charges and not have the money to use in their legiti mate business, and by selling their cfops and buying time contracts, they make or lose what they would make or lose In -carrying the actual grain, so that where farmers feel disposed to speculate, they are enabled to speculate to a much better advantage in time con tracts than they could in holding the actual grain. ' , . Depend on Portland. "Fourth The daily quotations made by buyers and sellers are of value, not only to the grain dealers In your sec tion, but also to the dealers here, and such quotations are supposed to repre sent the opinion of the majority of your dealers as to the value of grain for future delivery, and we certainly hope that the members of your grain exchange will get together and sifp- ?ort the Institution, and we consider rom the large volume of business done In the north in wheat, barley and oats, It Is evident that a board of trade Is needed In Portland more than in Pah Francisco, and tf ,we can make a suc cess of our Institution here, you cer tainly can make a success of a similar Institution In Portland If there Is suf ficient public Interest to warrant Its maintenance." ray Bros., Wahlburg, and Klaber, Wolf & iNeiier company. LOCAL GBAPES GLUT AND SOME' ABE IN FROM THE EAST, TOO - Cabbare was in larger supply during the week, and prices are down. Same In cauliflower. , Dressed hogs were weak and lower. with heavy arrivals for the week along irront street. Dressed veal was steadr. but over- firm, owing to the soft weather. New crop naval oranges are due dur ing the coming week. Cranberries are higher in- the east and here again, owing to the smaller crop. ' Local Concord rraoes are in very heavy supply, and still one of the local nouses recenuy orougni in a car or eastern stock to further depress condi tions. Potato growers are not offering so freely since the publication of tbe gov ernment report which showed a heavy decrease in the croo. Onion growers are not offering sup- ?llea to any extent, and in order to fill he wants of the trade, - some were forced to brlnir stocks from California, Latter not as good a ours, by any means. J Front street sells at the following prices. Those paid shippers are less regular commissions: , wmut, errs ana Pusnry. BUTTER Kktra creamery. 24c: fancy 32Hc; store, 20a BUTTER FAT DellTsry fcgV b.1 Portland Sweet cream, . 8IUe: souV. SIHo per lb.' . E3lG8-Local, beet, 7H 88e?dosen: eastern, 3082Uc; local storage, 8tfc. POULTRT Mixed, chickens. 12 Ue: henst 13ttei3c: roosters, old, 9i0e; fryers, it ci broilers, 13 fce; geese, soring. 809oi turkeys, alive. 17o: BDrin ducks, Mlo lb; pigeons, squabs, 8292.60 n-r doi; old,l; dressed, poultry, i nd daisies, UHOlSo; Toung Americas. r mo Wool and 3Bee T- HOPS 1808 eron. choice. tUnr rlm to choloe. - TJ48c; prime.. T&lUc: medium. 6tte.i lb, ; s 8H-PSKIN8 Shearing iVaii each; short wool. 36e0o; , medium wool. iOoQU each; long wool. 74c 21. t eaco. ... - MOHAIR 1908 Nominal, 9 KQlSo. TALXAJW Prime,-per lb, 3 04c; No, 2 and grease, 2SHe- CHITTIM BARK Old. Be; new. 6o HIDES Dry hides. 13 14s lb: green. 6 7c 1b; bulls green salt. 46o lb; kips. 4 7c; calves, green, 8 10c per lb. , drain. Plow and 3Say. WHEAT Buying price, new Track, Portland Club, 8990c; bluestem. 949 95c: forty fold. ilSaac; red, tiOS7c; Wlflaniette valley, 30o- slILLSTUFl'B Selluik price Bran, 126.60: middlings. 833: shorts. 830; chop, $2129: alfalfa meal, 818 per ton. BARLEY Feed, 826 026.60; rolled, 328.60,; brewlni. f27. . FLOUR Selling price Ssstern Ore- fon patent, 34.80; strslaht. 38.900 65; export, 33.60; valley. - 84.65; graham Vs. $4.40; whole wboat, $4.41; rye. 6s, $6.50; bales. 33- OATS Track, new No. 1, white. $30; gray. $2929.60. HAT Producers price New timothy, Willamette valley, fancy. $134214: or dinary, $13.60; eastern Oregon. 318Q16; mixed $1010.60; clover, $9; grain, 110; cheaCr$10: alfalfa. $10911. Fruits and TerettMss. FRESH FRUITS orange $4,009 A Ail' honnnaa Ke tu 1U lnKAi. 34.6096.25 per box; grapefruit, $4 94.60; pineapples, Hawaiian,. $4.26 doi- en; canteioupes, n.ZbMJl-bo; peaches. 60 76c; pears $1.26 91.60; Jtrapes. 76cfu) $1,26; baskets, 10912Hc; huckleberrlev ivaiip id; oranoerrles 3. 50410. 60 bbl. ONIONS New Oregon, $1.25 per 100; garlic. 7J4 9 80 lb. APPLES 60c $1,60 per box; fancy, $2.6093 per box. POTATOES New. selling. $191.26; buying Jor shipment, per cwt, fancy. 099oc; ordinary, 70986c;. sweet, 39 E?ETABLES Turnips, new Orepon. 76c9$l; -beeta, 31Ti.25; carrots, 609 76c .sack: parsnips, 86c9$l-0o; cabbage. $1.2591.60; tomatoes, local. 60o per box: California $1 crate: beans. 10r: cauliflower, 35c931: peas, 10c; horserad-ish,-910c; artichokes, t ) dos; green onions, loo per oos; peppers, bell, tu 10c; Chile, ( ); head lettuce. 26920 dos; bothouse. 60 9 76o box: radishes 16o dosen bunches; celery. 650 700. eer- plant, id ' Oroeeries, ITuta, Eta 8 DO AR Cube. $6. 66: ttOwdered. 18. 60: fnlit or berry, $6.26: dry granulatel, t.2; conr. a.. 8.it; extra v. $5. it; granulated, 36.Q6; barrels, loo; half bar rels. 80c: boxes. 66o advance on sack basis.- . (Above prices are 30 days net cash quotations - SALT Coarse Halt ground," 100s, 111 per ton; 60s, $11.60; taolv dairy. 60s. 116.50: 10.. 116.0n- bales, it IS: imported Liverpool, . 60s $20.00: 100a, i.uo;.s, it(.oi; extra nne barrels. Is, 6s and 10s. $4.6096.60; Liverpool lump rock, $20.60 -per ton. ' RICE Imperial Japan No. L loi No. 3. 6 9614c : New Orleans, head. 7o; AJax, ( ); Creole. io. HONEY Now, 16o per lb. COFFEE Packagebranda, 816.60. BEANS Small white,. $6.26; large white, $4.50; pink. $3.86; bayou. $3.35; Ltmas, .75: Mexican reds. $4.50. Xsata. Pish and PVOTEsaitis. HAiiS. BACON, ETC Portland pack (local) hams, 10 to 13 lbs, 16o per lb; breakfast bacon. 15922c lb; picnics, 10c lb; cottage roll, 11 Ho lb; regular short clears, smoked, 13o lb; backs. heavy, smoked, 13c id; light, smoked, 14o lb; bellies, smoked, 15c lb; pickled tongues, oc eacn. DRESSED MEATS Front street- Hogs, fancy. 7c; ordinary, 66c: large, 6c; -veal, extra, 8c lb; ordi nary, .7 7 He lb; heavy, 696c lb; mut ton, fancy. 697o lb; , spring lamb, 741 7Hc lb. LOCAL LARD Kettle leaf, 10s, 14c per lb; 6s 14 He per lb; 60-lb tins, 13V40 per lb; steam rendered. 10, - lSc per lb; 5a. 13 He per lb; compound, 10s, io per lb. FISH Rock cod, lOo lb: flounders, 6c per lb; halibut, 7c per lb: striped bass, 15o per lb; catfish. 10c per lb; salmon, chinook, 7c; silverslde, 6c: her rings, 6o pei lb; soles, 7o per lb; shrimp, 12sc Id; perch. 6c per lb; tomcod, 10 per lb; lobsters. 25e per lb; fresh mackerel, ) lb; crawfish, 20c per dosen; stur geon ( ) per lb; black bass, 20o per lb; silver smelts, 6o per lb; black cod. per lb; crabs. $1.2691-76 dosen. STERS Rhoelwater Rnv. imp Ion, $2.60; per 100-lb sack. $5.00: Olym- pla,.per gallon, $2.40; per 100-lb sack, $6.0096. 60; Eagle canned. 40o can $7.01 dosen: eastern In shell, $1.76 per 'leg. CLAMS Hsrdshell, per box. $2.49: raxor clams, $2.00 par box: 10c per dos. Paints, Coal. oil. ste. ROPE Manila, 10c; BlsaL 7Hq lb. LINSEED OIL Raw. bbls.. ; 62o; cases, 68c; boiled, bbls., 54c; cases, 40c a gal; lots of 250 gallons, lo .less; ell eake meal $34 ton. BENZINE 86a deg., cases, lie pr gal; Iron bbls., HHo per gal TURPENTINE la cases. 68Ho Der gal. per Ik 96, . By Hyman Cohen. Portland Union fitorkvarrla rvf 11 Today esds a month that has been of great trial to me livestock Industry. Luring that period prices have gone to the bow-wows on several occasions, and u took a strong heart to remain Arm. Steer prices, ,and In fact, all cattle prices struck the bottom of the well; the price of steers being weak even at the low lfvel. While from this there hus been no advance up to present time, tha indications are that conditions will improve somewhat before long. To the shipper of hogs October has oeeiva montn run of sorrows, for while prices never really touched a ruinous figure, values are considerably below the high market, from where the slump started. Already there has been a slight improvement In the price of hogs, but It la. not now expected that any further Improvement of n.dte will be shown In mac ime ior several weeks or a month. Yvulle the run of hogs was not so liberal as . last week, when the price touched me Douom, u just about suited the da mand. , Steer Market Zs Very Slow. To the steer market there seems not the slightest show for Improvement In the near future. As long ss grass-fed stuff is shoved onto1 the ntarket. there will be a lack Of suDDort to nrlct-a Packers' requirements In the steer line at this time are very small, because most of tnem are already filled un with cheap-priced stock. This will cause the improvement to be postponed for a longer time than would have otherwise been the case. Among the livestock com mission handlers the opinion Is general that the market for steers will not do mucji better ror fully a month, or ufttll the grass-fed stuff Is out of the way. While there Is a slow call f&r steers, the demand for cows and heifers is liberal,- but prices are not of the best. There is an especial good call for speyed heifers because of ilieir low price, considering the quality. Sheep market showed more liberal arrivals during the past six days; total arrivals reaching 2,801 head, compared with 1,128 for last week and 1.135 for the Drevlous six davs. During the oast ween mere was not tne sugntest cnange in sentiment in the sheep market from what ruled the previous six days, and ail prices are unchanged. This week's arrivals In the local yards compare with the --me period of recent years as louows: ogs. uattie. eneep. 07 527 511 - 148 1906... .. ... 806 660 2.041 1905 1.025 359 687 Following Is the general range or values on stock ruling In the yards for late shipments; Hogs Best east of mountains, $6.25; ordinary,. $tj; blockers and China fats, $56.60Vstookers and feeders, $4.75 6. Cattle Select east of mountains, steers, J3.76 medium steers, J3.25iffiJ.60; ordinary, 33.26; medium cows, 12.009 2.25: stags. $2.5693; bulls, $1.75 9 2. Sheep Best wethers, $3.50: ordinary wethers, $3.26; lambs, $3.9094: straight ewes, $3; mixed lots, $2.5092.76. VealsChoice young calves, $4.60; heavy and rough, 33,6094.. Yard Bepressntatlre Sales. The fo Wowing prices are representa tive of the largest transactions In the local yards, and indicate the extent of the demand for the various grades and weights with the prices thereof: 1 HEIFERS AND COWS. Weight 7 cows..... 6,670 24 cows 24,330 84 cows 36,775 2 heifers 2fi,36 25 cows 23,295 cows 19,020 26 cows. . , 1 cow. . . , 24 cows... 1 cow.... 76 cows.;. 2 cows.,, 6 cows.,, 117 cows... 1 cow..., 2 cows.., 8 cows... 2 cows... 4 cows. . . 23 cows... 34 cows.., 4 cows.., 15 cows.., 8 cows... 118 cows... 39 cOws.t. . 25.990 . 1.000 . 23.115 965 . 73,845 . 1,945 . 26,145 .175.365 . 1,000 . 1.920 . 6.R00 . .1,775 : 4,030 . 23,530 . 34.420 . 4.175 . 12.600 . 2,945 . 98,925 . 40,120 WHITB LEAD Ton lota Ta lb: 50-lb lots, 8o lb; lees lota, U WIRJ8 NAJLS Present hasli, $f I Jan. ........ March ....... May ........ July Deo. New Tor Cotton. . Open. High. Lv. --Close. 891 891 887 .. 887 885 881 8S3 884 878 882 880 872 887 903 902. 905 882 878 " 872. 903 ' v Liverpool Wbeat Market. Liverpool. Oct 31. Wheat close cerober 7a, tftd, March 1 7?d, May . 9 a. . .... De. W. T. Turner Co. have opened up a wholesale poultry, butter and egghouse, 141 Front st i Fresh eggs a specialty. Telephone Main 1801. BULLS AND STAGS. 1 bull 1.050 6 bulls 3,780 6 bulls 8.430 4 bulls 6,475 23 bulls and stags.. 29.270 1 stag 1,075 3 bulls 4,625 STEERS. 27 steers 31.420 108 steers 130.220 1 steer 1.190 19 feed steers 19.850 26 stock steers 25,310 CALVES. 5 calves 2.0S0 26 calves..., 5,270 HOGS. 60 hogs 10,180 8 hogs 775 16 hogs ;. 3,635 78 hogs 18.520 71 hogs.. 14.975 16 hogs 2.110 6 hogs . . 1.750 10 hogs 2.463 16 hogs 8.255 80 hogs 6. OOS 8 hogs. 1,694 87 hogs 18.600 87 hogs 19,000 68 hogs 16,970 38- feed hogs.. 4,660 86 hogs 19,205 69 hogs 14.160 27 hg-"- 8. 960 860 hogs .. 77,620 SHEEP AND LAMBS. sheep............ 23,315 276 68 106 251 lambs. ...... sheep. . . sneep 276 feed sheep 1279 thin ewes 4.870 11.625 27,880 23,315 23,235 Price. $2.76 3.15 3.00 3.60 2.7S ,2.60 v2.75 2.25 2.75 2.25 2.75 2.76 2.75 2.76 2.25 2.60 2.75 2.26 2.75 8.00 8.60 3.00 2.25 1.60 2.66 2.80 1.78 1.75 1.75 2 00 2.00 1.50 1.75 3.86 4.10 8 60 3.36 3.00 3.50 3.50 6.60 6.00 6.10 T 10 6.10 - 6.00 6.25 6.25 6.00 6.00 6.00 6.20 6.25 6.25 4.60 6.10 6.10 6. 6.00 ""2.J5 8.95 S.25 3.13 2.25 2.00 M7oitd Press Lu4 Wire.) New- York. Oct 31. The Dresldentlal election has. of course, been the entire subject of concern tn the local dealings this week, and It has been the upper most consideration by which American securities sre dealt in the markets aerflss the ocean. To ad 'extent rerhaps greater than ever before fmanc fal Europe Is holding itself In check until the result of next Tuesday's voting Is known. The reason for this seems to be appreciation that a powerful impulse exerted either for good or bad upon American business lust now will pro foundly influence the ' whole world's trade. For these reasons It Is easy to understand why financial cables from the other side this week have referred to the uncertainty of the American po litical campaign as the chief restraint upon the general markets. With Europe doubt as to who shall be chosen president is the real point of concern; with our stock market on the other hand, the question is not so much who will be elected as it is bow far a favorable Issue of the contest has been anticipated by the market movement of tne last-few months, it IS admitted on all sides that the rise in prices since last June has gone a great deal ahead of the actual advance along Industrial lines. It, therefore, may be said that there is two sides to the Immediate outlook for the security market, and that the Question whether the advance has gone far enough or whether It will go rartner arter election depends, nrst, on the attitude of investment capital, and,, secondly, on the extent to which expectations of a sudden and powerful uplift to trade are realized. Signs 'have been plainer, perhaps, this week cnan they were In the weeks preceding that merchants and manufacturers have been doing some discounting of the election outcome on their account At least buying of an anticipatory nature Is the main force behind the livelier movement In the steel and copper Industries-. . Railway earnings for September are measuring up fully to the most sanguine predictions. TO LET GO NEW YORK STOCKS. (Hearst N'evt hy Loneeet Leased Wire.) B TkomM 0- Shotwell. New York Oct 81. Stocks were for sale during tha entire session today, but the leading bankers were of tbe opin ion that the sales were chiefly for the account of nervous traders: and small Investors who did .not want to carry thm nver the lection'. There waa no evidence of Important liquidation, al though every one admits big' people would rladly sell at these -prices If they could do so without hurting nh mar ket. Unless there Is treachery in the high places, the market will continue to advance after election, and the big peo ple say they are not concerned about the present liquidation. Union Pacific News Gossip of Finance and Southern Paclflff having been the leaders on the advance, were naturally affected most by profit-taking. A few specialties broke rather sharply, notably Utah Consolidated. Other specialties were firm and inactive. Range of New Yrk prices furnished by Overbeck A Cooke So.: DESCRIPTION. Amal. Copper Co Am. C. & F c . . . do pfd, Am. Cot Oil. c. Am. Loco., o. ... . Am. Sugar, c . . , Am. Smelt, o... Ana. Mln. Co... Am, Woolen, o. . Atchison, c. . . . . . Baltl. & Ohio, c-. . do pfd Brooklyn R. T. . Canadian Pac, Cent, Leather, o. do pfd. Chi. & Ot. W., c. Chi.. M. 4 St. P.. Chi. Sc N. W., o. 161 Colo. F. & I., o. Col. South., c. do 2d pfd.... do 1st nfd. .. Corn Products, c ao pro. i . . . . Del. & Hudson Erie, c. . do 1st pfd. . 1. art North, pfd. Illlnols Cent . Louis. & Nash. Atanh. R'y Mex. Cent R'y.. m. xv. & t a. . . Distillers Ore Lands ..... Mo. Pacific Nat'l. Lead...... N. Y. C. N. Y O. ft W... N. & W;, e. ...... N. & W.. p...... N. American. . . . . N. Pacific, c... Penn. Ry. . , P. O., L. & C Co. P. Steel Car c . . . P. Steel Car, p... Reading, c..., .. R. I. & Steel, c. . R. I. & Steel, p. . R. Island, c Tra.hln.tnn rv-t 9 1 T" Vi tr.o m rv statement today shows: Receipts, 1,675,SZ. Disbursements, $2,018,000. tuw York. Oct 31. Bar silver. 60c; Mexican dollarB, 45c. London. Oct. $1. Bar stiver, 23 a. 31. Government Date. Bid. Asked. 1930 103 104 104 100 101 York. Oct. New hAnrlstr Twoh. registered. do coupon. lsdu Threes, registered.. 1908 do coupon. . . k ... . idos Threes, small bonds .... Fours, registered... 192S do coupon iyza Twos, Panama..... do coupon "Fours, Philippine 100H 1202 122 1024 102fi 110 , 100 ioiS 121 K. Island, p. . St L. & S. F.2d n. St L. & 8. F.lstd Ot L. K B. VV., O do pfd South, pac., o.. oo pra. . . .. . . South. Ry., c. . . do - T)fd. Texas A Pacific. To., 8. L. & W dO Df d Union Pac, o. . do prd..... U. 8. Steel Co c no pra... Wabash, o. do cfd... W. U. Telegraph wis. uentrai. o.. do pfd..,.,... Wheeling Lake.. Westlnghouse .. 79 42fc 67 167 31 43 T& 133 140 i 132 4 81 5S5 29V ii 49 174 132 J 90 J. 45 & 67 65H 166 30 80 63 66 82 106 41 146 3 19 I 18H ,93 47 110 11 28 69 107U I3 Total sales. 291,900 shares. Statement of N. Y. Banks BOSTON COPPER MARKET Furnished by Overbeck & Cooke Co. Boston, Mass.. Oct. 31. Official bid prices: Amai. ....... Adventure . . . AJloues ...... Arcadian . . . . Atlantic ..... Boston Cons.. 79 9 ST 75 18 14 Butte Coala. 26 CaL & Arls...ll9 Cal. & Hecla.660 A Centennial ... 34 Cop. Range ..76 Daly West ., 9 Franklyn .... 8 Granby . .. ..; 98 Greene ....... 10 Mans. 6 Mich. 13 Mohawk 66 Miami . v. . . ., 11 Nov. Cons.... 17 Nswhouse ... 4 Nlppisslng , No. Butte.. Old. Dom..i Osceola .... Parrot . .... Qulncy .... Royals .... Shannon . 83 . 63 .117 A . 27 . 93 Sud. & Pitts.. 17 Tamarack 7 Trinity 17 United ...... v-l$4 Utah. M. .....47 Utah. , 42 Victoria ..... 4 94. Wolverine ....140 Winona 6 Yukon , 4 Bay SA a..... 2 U. S; Oil ...17 New York, Oct 81. Metal Copper, lake, 189Uc; electrolytic, 13 9 1S0; castings. 13ffll8c. fin $29.87 9 29.62. Lead $4.37. , Neir York, Oct 81. Sterling: Cables, 486.2D9486.25; demand, 486.06; 60 days 483.75 9483.80. i ' RAN FRANCISCO GRAINT MARKET San Francisco, Oct. 81. Merchant exchange quotations: .Cash wheat Walla Walla white, $1.62; red Russian, $1.68 H; Turkey led. $1.71: bluestem, $1.71. Future wheat May, $1.70 bid, $1.71 usked; December, $1.66 asked. Cash barley Bright. $1.42 bid; brewing. $1.86. Future barley May, $1.44. bid, $1.45 asked; December $1.48 bid, $1.42 asked. MlliPtuffs Bran $30.00; middlings, $34.00,- shorts, $33.60. Oats-Whlte. $1.68 per, cental. Korean Rice Crop. Consul-General Thomas Sammons ' of SecA'1, reports that Japanese officials employed in the Korean department of agriculture, commerce, and Industry es timate the rice crop for 1908 at 30 per cent greater than for numerous prev ious years. The details follow: An estimated total yield of 2,720, 000.000 pounds is based On the presump tion that Korea contains 65,000,000 acres and that 10 per cent of the total area is under cultivation. It Is further es timated that hall or the total area under cultivation consists " of paddy fields and that each chd, or 2.8 acres, produces In Japan 60 bushels, or 3,200 pounds, and in Korea 42.6 bushels, or 2.720 pounds of rice. Korea's average annual rice crop is placed at 2,560,000, 000 sounds. On the basis of the average annual consumption of one koku, or 330 pounds of rice per person in Korea, this consulate-genera has; estimated the coun-, try's rice crop at 3,200,000.000 pounds per annum. In 1907 only 6.25 per cent of Korea's Hoe crop waa exported. Hogs Steady In tbe East. Chicago. Oct 81. Official run: . Hogs. Cattle. Sheep. Chicago 15.000 400 2,500 Kansas City .... 9,000 5,000 2,000 Omaha... 3600 600 .... ' Hogs are steady; left over yesterday 5,800. Receipts a year ago 8.900. Mixed. !H2??U0S: heavy. $6.656.05; rough, $5.3096.66; light, 15.0596.80. Cattle steady. -- Sheep strong. 1 New Tork,,Oet 81. The weekly stater ment of the associated banks Issued to--day. shows the following changes: -Reserves on all deDoalta- increase. $703,125. . Reserve on deposits other than United States deposits. Increase, $710,826. 1 Loans, decrease, $3,061,300. , Specie, decrease, $1,127,800. Legal tenders. Increase, $157,900. Deposits, decrease, $6,716,100. Circulation, decrease, $212,400. ' Total loans, $1,333,365,600. The surplus of the banks is $35,903. 376, as against a deficit last year of $38,838,825; and a surplus two years ago Of $3,049,776. . BrWrWWWVa i We pay yoa pec eesi t Mrs jE WHAT ARE YOU DOINQ Every person should have an ideal, a standard, a goal of achievement toward which he should constant ly strive. Place your earnings in our Savings Department and use all , your efforts to accumu late a fortune. A dollar starts 3'ou-t the rest is easy. Two per cent allowed on checking accounts. - - ' - - AMERICAN BANK & TRUST CO. OF PORTLAND oo Seventh SU Elk Tempi Ii O. RALSTON. ...... .Prea . O. 1 MAC GIBBON., Cashier Overbeck & Cooke Co. Commission Merchants, Stocks, ' Bonds, Cotton, Crab, E':. . ' "216-217 BOARD OF TRADE BUILDING 'Metnberi Chicago Board of Trade, Correspondents of Logan & Bryan, Chicago, New York, Boston. We nave the only private wire conceding Portland with the eattera exchanges. - - s ' .. ' JMKMBERS PORTLAND BOARD OF TRADB.