THE OREGON SUNDAY JOURNAL. ' PORTLAND. SUNDAY ' MORNING. NOVEMBER 8, ' 1908.
WfJLKLY K1LVIBW
or
BAD FRUIT TO
BE HIDttlD
' ':yr.i ..... " -l
rure Fruit Law to Be Strict-
ly Enforced Will Save
; Growers Much Money. '
Jfure 'Truit Ltw.
A law passed by the last Ore
gon legislature to protect the'
fruit and hop Industry:
"Section 6. Every person who
packs or prepares for shipment
to any point without the state,
or who delivers or causes to be
delivered to any express agent,
or other person, or to any trans
portatlon company or corpora
tion for shipment to any point
without the state, any fruit or
fruita, either fresh, cured, or
dried, that is Infected with in
sects, pests, or diseases injurious
to trees, shrubs, plants, fruit, or
vegetables. Is guilty of a misde
meanor. "Section 7. Any person, firm,
or corporation violating any of
the provisions' of this act shall
be deemed'"' guilty of a mtsder
meanor, and upon conviction
thereof shall be punished by a
fine of not less than twenty-five
($25) dollars nor mofe than one
hundred ($100) dollars."
FALL WHEAT ACREAGE
PROVES QUITE HEAVY
Sowing Is on a More Extensive Scale Than a Year Ago
Because of the Better Returns From Winter
Planting Plants Are Already Showing.
By Hyman K. Oofcen.
Every means that can be legally, ap
plied will he urnred at the disposal of
the Multnomah county fruit inspector
in order to rid the state of infected
fctork and eventually save the fruit
Industry from ruin.
With that view In end Fruit Inspec
tor Baum has add mi quite materially to
the revenues of the Standard Oil com
fiany of lnie for more infected stock
a been condemned during the past
few weeks than ever before. This In
crease in Infected,, stock Is not due to
anv decreise In WWtlment In favor of
clean orchards but to the fact that the
fruit inspector Is now doing his full
duty.
Hereafter the official will condemn
snd confiscate all Infected and diseased
fruit no matter where found; the per
son buvlng such stock being the loser.
According to Mr. Baum everyone has
had plf nty of time to become acquainted
with the law and while the provisions
have not been fully enforced hereto
fore because of the hardship It. would
work ui.on nom producers, the law will
be carefully followed hereafter and the
inspector therefore notifies everyone to
steer clear. While heretofore it has
not been the custom of the fruit Inspec
tor to cause the arrest of anyone found
delinquent, that course has been de
cried upon for It has been found that
whenever a violator of the law has
been turned loose simply with a notice
nef U do it again, no eure ha been
effected. '
Infected and diseaeeased fruita are
causing the loss of many Hundreds of
dollars annually to the fruit growers of
this countv alone and the aggregate
losses suffered by Oregon state growers
by reason of infection will run way up
among the thousands.
GRAIN mTrKETS ARE
QUIET BUT FIRMER
THAN A WEEK AGO
PORTLAND GRAIN RECEIPTS.
. The recelp'ts'of grain at Portland for
the past week .as compared with previ
ous weeks, as reported by the board of
trade, how In csra: .,
Barley. Flour. Hay. Oats. Wheat
Nov . j7 7 2 "9 20 268
OCt - SI 40 81 34 25 85
Oct. 24 .... 4 1 7 36 411
Oct. 17 41 14 -70 51 418
Oct. 10 59 18 79 22 178
Ott. $ 35 22 40 45 478
Sept. 28. .. .72 9 69 60 749
This; has been a very quiet week in
the local grain markets. While the tone
was strong- in wheat,- there wag practi
cally nothing doing In the entire Paclflo
northwest. Prices are showing ft frac
tional advance over a week ago because
of the sharply advanced figures alse
where. However, this market baa not
followed the advance abroad .to any ex
tent. There is a revival of Interest in the
local oats market and some buying of
cash stuff was reported auring me
week at a slight advance over previous
week's figures. There was not a single
rhan In futures on the board of trade
during the period. The barley market
is higher In the south, but no change la
noted here. Most supplies are out of
the hands of producers, and holders'
views have been somewhat above what
the south hag been willing to pay for
some time.
There is no Improvement to note In
the flour situation, export demand being
nominal.
Board of trade prices:
CLUB .WHEAT.
Nov. Dec.
Monday 0 B 80 B
Tuesday (holiday)
Wednesday 90 HB 90TB
Thursday 90 KB 91 B
Friday 92 A 92A
Saturday 90B 91 B
NO. 1 WHITE OATSx
Nov. Dec,
Monday 1.60 B 1.62 WQ
Tuesday (holiday)
Wednesday ;..1.60 B 1.62B
Thursday 1-60 B 1.62 B
Friday . 165 B 1.67HA
Saturday 1.50 B 1.62HB
NO. 1 FEED BARLET,
Nov. Dec.
Monday ISO B 1.82ftB
Tuesday (holiday)
Wednesday 1.30 B 1.82 HB
Thursday 1.30 B 1.82 B
Friday 135 B 1.S2HA
Saturday ...1.80 B l.J2B
HEAVY INCREASE IN
SUPPLY OF CREAM
SHOWN IN PORTLAND
By Hyman, K. Cohen.
More fall wheat seeding has been
completed In Oregon Idaho and Wash
ington during the past week than in any
similar period in tne ntstory or me in
dustry. Conditions never looked more prosper
ous for the wheat crop of the three
states than at this time, while a few
weeks ago It was feared that the fall
planting of wheat would be smaller
than usual because of the unusually
dry weather during the months of Sep
tember and the fore part of October.
In a few sections the wheat growers
became fearful lest tho dry season be
continued for a much longer period and
they therefore sowed their wheat under
difficulties before the heavy rains set
in and made the work easier.
Some of this wheat is now coming
up and reports indicate that it la
showing unusually good growth. .The
rlante are healthy and they seem to be
nicker than usuat Especially In the
Walla Walla, Umatilla and Klickitat
counties, the plants are looking well but
In no section is a bad showing noted.
The sections which scarcely produced
enough wheat for home consumption
the past season are showing among the
best ones thus far for the 1908-9 sea
son. It is expected that the 1908-9 wheat
crop In the Pacific northwest will show
fully 75 per cent fall or winter sowing.
It has been found that for several
years the spring wheat sowing has not
produced nearly as well as the fall-1
winter sowing because the late planting
is generally hurt by the dry weather If
f u'um appears, wniie tnere is scarce
ly ever any damage shown fron too
much rainfall.
In the Condon section this year moat
of the wheat was of spring planting
and the result was that the plants
scarcely started to grow before there
was a anoriage of moisture and atunted
growth was generally the result From
iaie reports from that section, however.
it is stated that a much larger per
centage of fall-winter ..jrheat will be
i. , , , ...
WALLA WALLA BOWING
AVheat Acreage Is Folly That of
lear Ago- 60 Per Cent Completed.
Walla Walla, Wash., Nov. TThe
bright sunshiny weather prevailing for
the past two weeka has riven the far
mers of the Walla Walla valley ra
diance to get In their fall grain crops
and this class of farm work is being
rushed to completion as fast as possi
ble. About CO per cent ot the acreage
to be sown to fall wheat has already
been seeded down, and all the workv.ln
this valley will be completed within an
other 10 days. The ground Is In prin-re
condition for work, the late raina hav
ing soaked down from 12 inches to 3
feet. Hundreds of teams are at work
on Eureka Flat and the name is true
of the foothill district The fall acre
age will be fultj as large aa last year.
scarcely entered the market during the
six days. This caused prices to drop as
low as 11c.
Cheese market Is firmer but prices
are unchanged.
The receipts of produce at Portland
for the past week compared with pre
vious weeks as compiled by the Port
land board of trade shows:
Cream. Butter. Eggs. Chicks.
gals. poxes, cases, coops.
Nov
Oct.
Oct.
Oct.
Oct.
Oct
7.
31.
24.
17.
10.
3.
Sept. 26..
Kept. 19. .
Sept. 12. .
Sept,' 6..
.47.625
. .21.162
. .28.946
. .26.276
, .26.787
. .25.199
,.26.892
.26.685
.27.637
. .22.794
1,574
824
687
796
797
1,191
617
640
637
423
2,035
4,972
2,591
1.459
1.469
1.998
817
1.347
1.7 401
964
496
639
463
353
480
604
679
434
414
423
POOR ArPLES COME
TOO FREELY TO BE
AN AID TO PRICE
There Is a sharp advance in local
hay values owing to the smaller offer
ings here and the expectation of a heavy
demand from I ho south. -
Dressed veal market Is firm but
dressed hogs are easy.
California grapes ere higher with
praotlcallv no offerings of borne sup
plies except Concords. Latter are a
glut on the market.
Cabbage market la lower owing to.
larger offerings.
urowers are noiaing oom potatoes
and onions and both markets are dur.
Armle market shows heavy arrivals
of poor quality especially from upper
Columbia points. Good quality finds a
sale t favorable prices but ordinary
stock Is dragging.
Peaches are cleaning, up and with the
smaller supplies there is a slight im
nrovement in the crlce.
Front street sells at the following
prices. Those paid shippers sre less
regular commission:
Butter, Eggs and Poultry,
BUTTER Extra creamery
34c
If butter prices follow the trend Of
conditions there will be a decline in
creamery prices during the coming
week. The arrivals of cream at Port
land during the week according to the
board of trade, were over double what
they were a week ago. Then again the
arrivals of country-make of butter "was
about double of eastern butter, too, is
arriving quite freely. To some extent,
however, the market's future depends
upon values in the east. ,
Local egg prices are down $e for
the week and the prospects are for a
further decline unless receipts fall off.
While the total arrival of eggs In Port
land the past week shows a decrease
from a week ago, there wa an actual
Increase in the supplies of home pro
duction, r Tp. decrease .was in eastern
arrivals. . , - -- '
While aupplies of chickens were
mailer than a week ago, the big. dealers
.badv lenty of . stock and therefore
finrv 32 Uc. store. 20c.
BUTTRR FAT Delivery f. o. b. Port
land Sweet -cream, 82 He; sour, 81c
rmr lh.
POULTRY Mixed chickens, 11c;
hens. llc; .roosters, old. SOTlwc;
fryers, lle; broilers, 11 He; geese,
spring, 8$ 9c; turkeys, alive, 16
17 He; spring ducks, 14c lb; pigeons,
squabs, $2.O02.60 per dox; old. $1.00;
dressed nnultrv. lffll'Ac lb hlarher.
CHEESE Full cream, flats, triplets
and daisies, 14 H 16c; Young Amer
icas, I6jlc.
HGOe Local, best 787o per doi;
eastern, 2527Hc; local storage, zao.
Mops, Wool and Hides.
HOPS 1908 crOR. choice, 8c; prime
to choice, . 7 Hc8c; prime. 77e;
medium, sue lb.
WOOL 1908 Willamette valley, 15c.
SHEEPSKINS Shearing, 10016c
each; short wool, 2 6c 4? 40c; medium
wool, 60cti$1.00 each; long wool, 76c
81.25 each.
MOHAIR 1908 Nominal, 1819c.
TALLOW Prime, per lb, S4c; No.
2 and grease, 2fi2Hc.
CHITTAM BARK Old. Be; new,
6c lb.
HIDES Dry hides. 1314c lh- green,
6S7o lb: bulls, green salt, 4 5c lb;
kips, 67c; calves, reen. 8 10c per lb.
Qraln, Tlour and Kay.f
WHEAT Buying price new Track,
Portland Club. 89c; bluestem, 94c;
fortyfold. 9191o; red, 87c; Willamette
valley, 90c.
MILL8TUFF8 Belling price Bran,
826.60: middlings, $35.00; shorts, 130.00;
chop, ai.O029.00; alfalfa meat. $1800
per ton.
BARLEY Feed, $26.00 26.B0; rolled,
$28.60; brewing. $27.00.
FLOUR Selling prloe Eastern Ore
gon patent, $4.80; straight, $8. 9004.65;
export, $3. 4008.50; valley, $4.65; gra
ham. s. $4.40; whole wheat $4.65;
rye, 6s, $6.60; bales. $3.00.
OATS Producers' price Track, No.
1 white. $30030.60; gray, $2929.50.
HAY Producers' price New tim
othy. Willamette valley, fancy, $14.00
016 00; ordinary, $12.60(313: east
ern Oregon, $16.60; mixed $11. 0612.00;
clover, $10.00; grain, $11.00; cheat,
$11.00; $11.00; alfalfa, $10.00011.00.
rrnits and Vegetables,
FRESH FRUITS Oranges, old $4.00
4.60; new navels, $5.00; bananas, 6c
lb; lemons, $4.606.25 box; grapefruit,
$4.004.60; pineapples, Hawaiian, $4.26
dox; cantaloupes, $1.35; peaches, 60
80c; pears, bartlett, $1.75: grapes, 7 bo
6 $1.26; bskts, 10Ol2Hc; huckleberries,
Has, 10llo lb; cranberries, $9.60
10.60 bbl.
POTATOES New. selling, $1,00 0
1.26; buying for shipment per cwt.,
fancy, 90cO$1.00; ordinary, 70085c;
sweet $1.76 1.90.
ONIONS New Oregon. $1.101.J5
per 100; garlic, 7H8c lb.
APPLES Extra, select. $2.50(fS.OO;
fancy. $2.002.26;' choice, - $1.00.01.25;
ordinary. $1.00 ; poor, 50a 75c per box.
VEGETABLES Turnips, new Oregon,
76c$l; beets. $11.26; carrots. 60
76c sack; parsnips, 85c31.00; cabbage,
11.76; tomatoes, 85o per box;
California. II nee crate: brans. 10c:
cauliflower, 76e$1.25: peas, 10c: horse
radish, 9' 10c; artichokes, ( ) dox;
freen onions, 15c per dox; peppers, bell,
c; Chile ( ); head lettuce. 630o
doz; hothouse, 75c!ff$l box; radishes, 15c
dozen bunches; celery, 76c; eggplant
6c.
Groceries, STata, ste.
SUGAR Cube. I8.66J powdered, $.oft;
fruit Mr berry, $6.15; dry granulated,
$6.26; con'. A., 18.26; extra B, $5.75;
Golden Q, $5.66: D, yellow, $5.65: beet,
granulated, $6.05; barrels, 15c; half bar
rels, 80c; boxes, 6oo-advance on sack
basis.
- Above prices are SO days net cash
Quotations.) .. .. t i
SALT Coarse Half ground. 108s,
$11.00 per ton; 60s, $11. SO; table, dairy,
60s, $16 50; 10s, $16.00; bales, 18.81;
Imported Liverpool, 60s $20.00; 100s,
$19.00; 40s, $18.00; extra fine, barrels,
2s, 6s and lOs, $4.60 5.60; Liverpool
lump rock, $10.50 per ton.
RICE Imperial Japan No. i, tcr No.
2. h6c; New Orleans, head. 7 c;
aJ"xj Ir-): Creole. Hie.
HONEY New. 16e per lb.
rOFFEE-rPackage brands. $18.80.
BEANS Small white. $6.26: Jarre
white, $4.80; pink. $3.86; bayou.""! J.B0;
I.lmas $5.76; Mexican reds, $4.60.
Meats, risb. ana Provisions.
HAMS, BACON, ETC- Portland pack
(local) hams, 10 to 13 lbs, ItHo per lb;
breakfast bacon, 1522o lb; picnics,
10o lb; cot tag, roll lio, lb; regular
short clears, smoked, 18e lb; backs,
heavy smoked. 12c lb; light, smoked,
14c lb; bellies, smoked, 16c lb; pickled
tongues, 60c each.
DRESSED MEATS Front street
Hoks. fancy, 7c; ordinary. Ho'
large, 6c; veal, extra. 8o It; ordi
nary. 7rd7Ho lb; heavy, RiSclh; mut-
VA'o lbnCT' 7 lb' "prln ,ftn' 7
LOCAL LARD Kettle leaf, 10s. 14o
per lb; 6s, 14 Ho per lb; 50 lb tins, l8 Hc
per lb; steam rendered. 10s, lie per
lb; Rs. 13 He per lb; compound. 10s, 8V c
per lh.
FISH Rock cod. iOo lb; flounders,
6c per lb; halibut 7e per lh; striped!
bass. 15c per lb; catfish, 10c per lb
salmon, chlnook. 7e: sllernlde. cv
rings. 6c per lb; soles, 7c per lb; shrimp,
12Hc per lb; perch. 6c per lb: tomcod.
10c per lb; lobsters. 25c per lb; fresh
mackerel, ) per lb; crawfish, J0
per dozen; sturgeon ) per lb; black
bass. 20c per lb; silver smelts, 6o per
lb; black cod, 7 He per lb; crabs, $1.23
1.76 per dozen?
OYSTERS Shoal water Bay, per gal
lon, $2.60; per-100-lb sack, $5.00; Olyin
Pi"s per fHo". $2.40; per 100-lb sack.
$6. 0046.50: Eagle canned. 0o can it ha
doxen; eastern In shell, $1.75 per 'l 00
CLAMS Hardshell, per box, $2 40
razor clams, $2.00 per box; 10c per doz!
Faints, Ooat Oil, Etc
ROPE Manila, 10c; sisal. 7He IB'
LINSEED OIL Raw, fcbla.. 62c; caee
wuv, yt.'.c.u. uuio., ttiu, nDfB, uuc a gai ;
lots of 250 gallons, lo less; oil caae
mem, iof ion.
BENZINE 86 deg.. cases. 10
gal; Iron bbls.; HHc per gal.
iLnroniinn, in cases. osHe per
gal.
WHITE LEAD Ton lots, 7 Ho per
io; ouu-io iois, c per id; less lots, 8Ho
WIRE NAILS Present balls, $2.85.
a buyingIlurry in
S. F. STOCK BIURET
Fnltd Prna T.m1 VIm
San Francisco, Nov. 7. A small flurry
nit the stock and bond exchange this
,n. ,iu. UK ana wnen tne trading bad
ended, nearly every stock showed an
advance of several points. The volume
or iraue was the largest handled on
oaiuroay i0r months.
Associated oil advanced to 88; Ha
wanan commercial was utrnmr at iaix
and 97. Pacific TeleDhona nreferr.S
Old at 31. The bond marVat wnx
cqumiy acuve. tspruig valley 4s sold
at at ana L'nued Railroads sold at
ivey route soidfat $1.05.
BOSTON COPPER MARKET
(Furnished by Overbeok Sc Cooke Co.)
iuoiuu, iiui. i. rniciai Dia prices
There Are Thirteen Known
Enemies to Stored Grain
((Vote The'bther'rwo refuted to poiT)
i-iof:e careful
f
c
Top Hogs, Must Be Keal Ar
ticle to Bring $6.25 in
Yards Just Now.
Week of
Nov. 7
Oct 81 ;
Oct. 24
Oct. 17
Oct.
Oct.
Hogs.
1,776
1.693
2.593
2,928
10 1,597
3 1,814
Cattle.
930
1,188
1.698
1,730
919
1,351
Sheep.
921
2.801
1.128
1.135
930
1,480
From Chicago 'tribune.
A NEW HIGH RECORD
BY SOUTHERN PACIFIC
ffarriman Issue and Steel Shares Touch the High Mar
. of History Rumor of Retirement of Calumet & '
Hecla From the Market Helps Copper.
STOCK MARKET OA IK.
Amat. H
Locomotive .. . 2
Smelter ...... 1H
Brooklyn ..... l
Can. Pac
St. 'Paul .
Gt. Nor. ..
L. A N li
Sugar
111. Cen H
H
13
R. I., pfd. ....
Mo, Pac ......
Nora Pae. .....
Reading
So. Pac
Union Pac. . .
It. S. Steel....
Erie
Penn
U. 8. Steel, pfd.
per
Amalgamated 87
Adventure ... 9
Allouex 41 U
Arcadlah .... 4i
Bost. Cons.... 16
Butte Coala.. 28 H
Black ML.... 8H
Centennial ... 86
Cop. Range... Si
C. Ely 9
Daly West... 9H
Greene 12 H
Oiroux 4
Mass. ....... $H
Michigan .... 16H
Mohawk .... 72
Miami 13 Vi
Nev. Cons.... 19H
Nlppisslng
xn. Butta
E. Butte
Old Dom.
Osceola .
Parrot . .
Qulnoy .
shannon
Tamarack
Trinity .
united . .
Utah Mining.' 42 H
Utah jv.
Victoria su
Wolverine ...151
Yukon 4H
u. s. uu 29
10
H
. ?H
iiH
2H
. 98
18
. 87
20H
16
8AN FRANCISCO GRAIX BIARKET
San Francisco. Nov. 7. Merchants ex
change quotations;
casn wheat walla walla white,
81.63; red Russian, $1.60; turkey
d, 11.73: bluestem, 81.714.
Future wheat May. 81.70 bid. 31.71
aaked; December, $1.65 asked.
Cash barlev Brlsrht 31.43V bid!
brewing, $1.36H.
f uture Dariey way, i 46i bid;
$1.60 asked; December, $1.45 bid;
$1.47 asked.
MUlstuffs Bran, $30; middlings. $34;
shorts, $33.50.
Oats White. $168H per cental.
By Tbomaa O. sbotwelL
(Hearat News by Longest Leaned Wire.)
New York. Nov. 7. In the midst of
the greatest excitement that Wall street
hA vnerlenced for 10 Tears, stocks ad
vanced today to new high records In
nearlv everv active Issue. The steel
shares and Southern raclflc sold at the
highest figures they ever have touched.
Their advance created limitless enthus
iasm. These stocks and Amalgamated
Copper were tho leaders.
Announcement that the Calumet A
Hecla had retired from the market
stirred all the Coppers to renewed ac
tivity. New York Central astonished
the street by advancing four points.
Just at the close Krle made an im
pressive swing upward. Northern Pa
cific, which has been lacking since the
declaration of the extra dividend, gained
two points In the last rive minutes or
trading. This dragged Oreat Northern
higher. First class specialties were ac
tive and strong.
On the ciyb market the feature of
trading was the new high record at
seven for La Rose mining. Cumberland
Ely closed higher. Gold stocks became
aottve just at the close and after the
official close business of the curb Daisy
had an excited market en the Baa Fran
cisco exehsnge.
The bank statement was disregarded
because there Is more money than any
one can nosslblv use anyhow and in
addition $500,000,000 more can be print
ed if needed. The unfortunate feature
of the situation is that the foundation
of the bull market rests on the Ald
rlch law which has Indirectly abolished
the gold standard for money in the
United States and substituted any
standard that the secretary of the treas
ury may be In the humor to permit
bankers to establish. Of course, he
would not permltihem to Issue cur
rency aga
permttihem to Issue cur
Inst derWKits of Bay 8tat
Gas, but be has legal authority to do so.
There is no danger that he will per
mit them to issue money against any
worthless security, but the mere fact
mat 8600,000.000 or currency can be Is
sued if desired with no basis except
the debts of corporations makes the
big Interests eerfeotly free handed with
What money there is In existence. There
is no bottom to their purses and their
confidence is Inspiring the public to
pick .no the few dollars that are not
already In the banks and put them In
circulation.
ket would act aa it often does when
"good news" long awaited is finally out
has In this instance been badly upset.
An analysis ef the buying and selling In
the furious whirl of the laat few days
Is, of course, a matter of the utmost
difficulty. If the truth were known,
It would probably be found that the
process known as "distribution'' has
gone on very extensively during the ex
cited rise since the middle of the week.
But what the Wall street community
has underrated Is the enormous Influ
ence upon the market conditions of the
flood of Investment capital loosed when
the significance of Tuesday's voting was
fully grasped.
This Inrush of Investment capital has,
without question, been the chief feat
ure of the security dealings In the lat
ter half of the week. It has been enor
mous and irresistible and for the time
being, at least, haa taken the market
out of speculative hands. There will
be more or less violent reactions on the
stock exchange, and, indeed, it is dif
ficult to understand how some such re
vulsion can be much longer delaved.
The business movement, too, for the
next month or so, will doubtless have
its disappointments. Those who have
looked for an Instant restoration of the
prosperous times of a year ago find that
their calculations have been deceived.
But it can be said with confidence that
financially and industrially both the
foundations are sound and strong and
that we shall move ahead with no very
serious or lasting Interruption. The
one element of danger is that our busi
ness community will attempt to hurry
the pace, where all the conditions re
quire that it should be slow.
Range of New York prices furnished
by Overbeck A Cooke Co.:
DESCRIPTION.
Amal. Copper Co.
Am. Car & F. c. .
do pM
Am. Cot. Oil c. .
STOCK ADVANCE A
BIG SURPRISE TO
WALL STREET MEX
(United Preu Leased Win.)
New York, Nov. 7. The course of
events, even In the brief interval since
Tuesday's election, seems to have an
swered very effectually the question how
rar tne wtshed-for outcome has been
"discounted", on the stock axchanra.
Expectations commonly entertained In
speculative circles that a spasmodlo rise
would greet the news of Republican
victory; that stocks would then be
brought out In great quantity by the
larger speculative holders, and that a
reaction swift and sharp would follow,
have come very far from realization.
in a wora. the theory that the mar-
Cattle Strong in East.
Chicago, Nov. 7. Run:
. Hogs. Cattle. Sheen.
Chicago ,,.,,,..17,000 800 S;000
Omaha 3.100 100 800
Hogs are steady. Left over yester
day, 4,800; receipts year asro, 6,000;
mixed, $5.406.80; heavy, $6.056.36;
rough, $5.6665.96: light, $5.S56.lO.
Cattle and sheep strong.
Mverpool Wheat Market.
Liverpool, Norw 7. Market at close.:
Wheat December, 7s 10 Hd. s .
Corn-December, 6s St -
News Gossip
of Finance
New York. Nov. 7.
Mexlcan dollars. 45c.
London. Nov. 7.
-Bar silver. 49c;
-Bar silver, 22 15-ld.
New York, Nov.
bonds:
Twos, registered
do, coupon
Threes, registered..
do, coupon
Threes, small bonds
Fours, registered...
do, coupon
Twoa. Panama ....
' do, coupon
Foura, Philippine...
New York..' Nov.
lake, 14Htil4Hc;
14c; castings, 1SH9
Tin $2rf29.75,
Lead 84.27H4.40.
7. Government
Date. Bid. Asked.
1930 103H 104
1930 104
1908 100 101
if IUUV4 1U1
100
1925 122 122
1925 121
102 10$
101
.... 110 .....
7. Metal Copper
electrolytic.
13c
1S
'Washington, Nov. 7. the treasury
statement today shows:- Receipts, $1,
8j3.3 43: expenditures. $2,080,000. 1
- -
Am. Loco., c
Am. Sugar, c...
Am. Smelt., c
do pf,l
An. Mining Co..
Am. v oolen. c
Atchison, c
do pfd
Bal. & O., 0
do pfd
Brooklyn R. T. .
Can. Pac, c
Cen. Leather., c
do pfd ......
C & Gt. W. c. .
C. M. & St. P..
C. & N. W'., c.
Ches. & Ohio. .
Col. F. & I., c.
Col. South o...
do 2d pfd. . .
corn .rrouuets, o.
do pfd
Del. & Hud.....
D. A R. O,. c...
do pfd.
Erie, c.
Erie, 2d pfd....
Erie, 1st. pfd. . . .
Qrt. North., pfd..
Illinois Cent
Louis. A Nash. . .
Manh. R'y
Max.. Cent, R'y..
M. K. & T., c...
do Dfd.
Distiller
Ore Londs
Mo. Pac
Nat Lead
N. Y. Cen
N. Y.. On. & W..
Nor. & W. c . . . .
Nor. it W. p . . . .
North Am
N. Pac. c
Pac M. S; Co...
Penn. Ry
P. O. L. & C Co.
Pressed S. C., o. .
Pressed 8. C. p..
Reading, com. . .
Reading, aeo. p. .
Reading first p. .
Rep. I. & 8., o..
Itep. 1. & S., p..
Rock I., c
RorJr I., n
8t U. S. F. 2d P
81 L. 8. F. 1st p
bt. U a o, w.. c
do., pfd.
8. Pacific 0....
do., pfd.
Southern Ry.. c.
do., pfd
Texas & Pacific
T., St. L. A W., o
do., pfd.
U. Pacific, e
do., pfd
U. 8. Rubber, o.
do., pfd.
ft Steel Co., c
ao., pfd. . . . . .
Waba'ah, com. . .
do., pfd
W. V. Telegraph.
Wis. Central, e..
do., pf d.j . . .
Wheeling Lake..
1 Total sales." (H,
f S ST g
l :
87HI 88 87fcf 87
46 47 46 46H
108 108 107H107H
40 40 40 40
67 68 67 68
136, 188 136 134
98 99 98 1)8
109 109 108 108
62 62 61 62
27
94 96 84 94
9 99 98 98
103 106 103 105
-6i '62 '51 62
175 175 175 175
29 I 29 29 29
99
7 Si 7 ' 7 7
il47 148 146 147
169
45 46 46 46
40 40 39 40 ',3
43 43 43 43
60 61 60 61
19 19 19 19
76 76 76 76
174 174 172 173
30 80 80 80
72
32 33 82 83
37 87 37 87
46 47 46 46
138 139 138 139
144 144 143 143
114 116 114 116
189
..... ...v. ..... 17
32 33 82 32
67 6H 66 6"H
35 36 35 35
78 78 72 72
69 60 69 60
86 86 86 85
,112ill7 112 115
43 43 43 43
8U 81 1 80 81
1 84
I 69 70
By Hyman S. Cohin.
Portland Union Stockyards, Nov. 7.
During the past week packers were very
discriminating in their purchases, and
when they paid for quality, the quality
must be right up to the handle. For
Instance, while it Is quite likely that
as high as $6.26 could be obtained for
select Eastern Oregon-Washington hogs,
none of this class of stock arrived, and,
therefore, for the s-tock that, came
Willamette valley stuff the price did
not reach over $6. While as high as
is. ze was recently recerven ror vauey
hogs, killers would not pay that price
during the past week. While the re
ceipts were a trifle heavier than last
week, this was not what kept the mar
ket down. The killers have quite a large
nomber of hogs on hand, and they have
been using from this store of late, and
have for that reason been rather Inde
pendent of the market. While they still
have hogs to draw from. It Will not be
long before they must enter the mar
ket and pay the price.
Eaatern Prloe Affects Ours,
The price of our hogs is now being
governed almost altogether by the val
ues in effect irt the East. With Eaitern
and Western provisions in actrfre com
petition In this and other paclflo coast
markets, the price of live hogs for pack
ing purposes on the Pacific coast must
of necessity be governed by what Is
transpiring In the East or Middle West.
Oattle Bun Is mailer.
There was a smaller run of cattle In
the yards during the past week, and this
helped the tone for a while. Several
loads of select fed stuff from California
sold at $4.?5, but nothing over 4 was
obtainable for best steers outside of
that. Packers claim to be well supplied
with steers, and will be for a week or
so. On this account they are not willing
to pay high prices for the surplus. Low
prices are holding back the reeetpts
because interior cattlemen believe thy
will be able to secure a higher price.
With weather conditions Ideal for this
time of the year, It is quite likely that
grass-fed stuff will continue coming for
several more weeks, and as long as (his
class of cattle Is put on the market
higher prices are not likely.
Sheep Market Is Nominal.
The run of sheep .was not liberal
enough to notice during the past six
days to cause much attention, to be
turned that way. Buyers are showing
but little inclination to purchase sheep.
The larger killers are still slaughtering
their contract stuff, and the arrivals
are, therefore, fed out in small bands to
the smaller operators.
The past week's arrivals In the local
yards compare with the same period in
recent years as follows:
Hoars. Cattle. Sheen.
1907 716 120 1,799
1908 683 617 44i
1905 1.116 281 2.172
A year ago for the past week all lines
of livestock were weak at lower prices.
Following is the general range of val
ues on stock ruling in the yards for late
shipments:
Hogs Best east of mountains, $6.00
06.25; ordlnal-v, $5.75; blockers and
China fats. $5 6.60; stockers and feed
ers, $4.76fii5.00.
Cattle Select east of mountains.
steers, 14.00; medium steers. $.1.75; beat
cows. $3.00; medium cows. $2.5092.75:
taes. 32.50?8.O0; bulls. $1.75 tu 2 0V
Sheen Best wethers, $3.50; ordinary
wethers, $3.25; lambs, $3.90 4 00 ;
straight ewes, $3.00; mixed lots. $2.50
2.75.
Veals Choice young calves, $4.59;
heavy and rough. $3.50 4.00.
Yard SepreaentatiTe Bales.
The following 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:
HOGS.
Weight.
87 hogs 19.400
EUROPE CAUSES
A WHEAT RISE
mm si isfcsaa.aMsssasaaa.sssa' f
Sharp Advance at Chicago Is
Due to Unfavorable Grow
ing Weather Abroad.
4 World's Wheat Prloea, 4
Deo.
Portland f .9IA
4 Chicago 1.01HB
New York 1.11 4
Winnipeg 99
4 Minneapolis 1.02 4
4 Duluth 1.02
4 San Francisco 1.65A
Liverpool 7s 10d
4 Per cental.
0 ' ""
Dec.
May
July
CHICAGO WHEAT MARKET.
Open. Close. Nov. 6. Gain.
101 101HB 100 A 1H
...104 106 A 108 1
... 99 100 A 98 1
(United Pt4 LeA wlre.t .
Chicago, Nov. 7. All foreign market!
for wheat were higher at the opening
here and the local trade acted under
suggestions thereby covered. The fact
of receipts at Minneapolis and Duluth
numbering 631 cars had no immediate
influence on prices. Strength displayed
the first hour In the face of domestlo
and argentine news of a bearish char
acter indicated the tactics in the market
of some influential party probably al
ready oommltted to the bull side and
determined to keep buying on a suffi
ciently large scale to Impress the crowd
favorably to their side of the argument
Complaints from. Europe of unfavorable
weather became the leading motive for
buying that advanced the price of De
cember to .$1.01H and May to $1.05.
Closing . price were $1.01 and $1.08
respectively.
While weather was still of a very fa
vorable kind for marketing corn, the
general report from receiver waa. that
the country waa selling none. Receipts
were still light. Recent bear pressure
In the market for next month's delivery
was retaxed. Hample market was firm
at from yesterday's prices to half cent
over. Bids for export from Chicago
were within half cent of working basis.
Pecember and May each closed.
higher for the day.
There was some indication In the
Oats market of enlarging Interests and
that had the effect of stimulating de
mand and adding a little to the price.
Sample market was firm at from yes
terday's prices to half a cent higher.
Hog receipts continued , to be very
largely in excess of a year ago, but
there were buyers of the moderate of
ferings at better than the prices of the
previous day. Hogs were 6 cents higher
than yesterday.
Cash sales Wheat No. t red $1.02
1.03: No. 8 red, 8-.00H 1.02H ; No. 8
hard. $1.02 1.03. Spring wheat No.
1 northern, $1.06 1.06; No. 3 northern,
$1.0391.05: No. $ spring, 87c$1.04.
Corn No. 2 yellow, 63c; No. 8. 62
2c; No. 3 yellow, 6263c; No. i.
61c.
Oats No. 8. 46e; No. 8, white, 48
50Hc; No. 4, white, 4548e.
70
149
29
128
97
39
isin
27
87
21
48
31
20
49
113
24
68
28
70
151 !14I151
29 29 I 29
129 ,127 128
97
40
137 137
28
87
21
49
31
20
50
113
'24
Si
59 69
179 179
94 94
36 3
104 104
64
113
13
29
67
28
65
2
98
187
55
113
14
29
64
' 9
66
'ii"
000 share.
10 hogs 1.600
89 hogs 19,150
6 hogs '!
92 hogs 19,245
80 hogs 19.450
96 feed hogs 17.790
21 feed hogs 3,785
90 Work hogs 15.150
87 hogs 21.750
83 hogs 18.190
168 hogs 86,600
90 hogs 15.150
93 hogs
74 hogs
12 hoss
87 hogs .......
10 hogs .
BULLS
46 cows
28 cows
33 cows
25 cows
22 cows
SO cows
BO cows
18 cows
18.440
16.460
1.735
19.400
1.500
AND COWS.
46.335
26,1 sr.
83.065
2S,n;,i
12.152
30.2S5
60.135
15.585
22 cows 20.865
1 bull 1.050
14 calves 6.230
STEERS.
16 feed steers
28 steers
25 steers
72 steers
25 steers
18 steers
11 steers
28 steers
52 steers
1 5 steers
23 steers
3 steers
75 steers
26 steers
1 steer
17.000
28.980
28.070
84,160
28.700
6,600
12.325
29.885
69,800
16.350
25.545
3,333
90,650
29.110
1.160
SHEEP.
96 sheep and lambs.. 9,615
Price.
$6.00
5.25
6.00
6.25
6.00
6.00
6.00
5.00
6.60
6.00
6.95
6.00
6.60
6 00
6.00
5,00
.oo
6.25
2.90
2.S5
2.90
2.90
8.00
8.00
3.00
2.75
2.75
1.75
8.75
2.85
8 15
4 ?5
8.70
4.25
4-00
3.75
8.55
8.75
3.55
8.60
8.40
4.00
8.70
8.50
8.25
Range of Chicago prices
by Overbeck & Cooke Co.:
WHEAT.
Open. High.
...100 101
...104 105
... 99 100
CORN.
...61 61
... 61 62
... 61 61
OATS.
... 48H 48
... 60 60
... 46 46
PORK.
... 147S 1483
. .. 1602 1615
. .. 1592 1607
LARD.
... 940 942
. .. 930 935
... 937 942
RIB8.
... 850 852
... 86S 862
Dec,
May
July
Deo.
May
July
Deo.
May
July
Deo.
Jan.
May
Nov.
Jan.
May
furnished
Low. Close.
100 101B
104
98
61
61
61
48
60
46
1470
1605
1690
940
930
937
106
10
A
A
Jan.
May
84T
865
61B
62 B
61A
48
60
46
1480
1610
1602
942B
S$A
84)
880B
860
LIGHT TRADE IN HOP
MARKET DURING WEEK
There was a small amount of busi
ness in . the local hop market during
the past week but nricea naM warn
not up to the averages or the previous
week. Now that the election is over
and the trade has found Just how many
districts were placed in the prohibition
WHEAT PRICE AIDED
GY DAMAGE REPORTS
Ban Francisco, Nov. . 7. Following
cable and tdegraphlo dispatches that
the condition of winter wheat through
out the middle west would be poorer
on DecemDer rirst tnan 11 naa oeen
for years, December wheat sold up 1 He
and May wheat lc.
In the local rit grain reatures were
brick and the volume of trade unusually
large. Both December and May barley
options advanced a large fraction. De
cember barley opened at $1.44 and
closed at $1.45 as compared with the
last closing at $1.44. May barley opened
at $1.46 and closed Rt 1.47. as against
the last closing at $1.46. . -
Statement of
N. Y. Banks
New York, Nor. 7. Tha weekly state
ment of the associated banks today
hows the following changes;
Heservts 041 all deposits, decrease,
$3,309,150.
Reserve on all deposits, other than
United States deposits, decrease, $3.-
810,000.
Loans, decrease, $10,223,600. ; t
' Legal tenders, decrease. $2,$37,f 00.
Species, decrease, $4,045,600.
Deposits, decrease, $14,496,40,0.
Circulation, decrease, $849,400.
Total loans, $1,323,142,100.
The surplus of the banks Is $32. 611.
87S aa against a deficit of $51,924,424
of a year ago and a deficit Ot $1,614,
J25 two years ago. ,
column the expectation" fe that there
will be a resumption of demand. Dur
ing the week practically all the busi
ness reported waa in good quality; ordi
nary stock not being wanted.
Overbed & Cooke Co
Commission1 Merchants, Slocks. BondsJCoUcn. Grata. El:.
7 J14-417 BOARD OP TRADE BUliblNQ '
Members Chicago Board of Trd, Correpondentt of Login & ryv
: We bare the only private-wire connecting Portland with tb inKn
. : - exchanges.
. . MEMBERS PORTLAND BOARD OF THAI K.