I
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.