The Oregon daily journal., November 15, 1908, Page 37, Image 37

-- oKKGON SUNDAY JOURNAL, .? PORTLAND, SUNDAY, MORNING. , NOVEMBER 15, 1908.
V '.. " .. A. , . ' A .A " . - ... . ........ , " ' : - ! : ' . 1 . "r : : : : r-
WHEAT IS WITHIN A
PUBLIC IS RUNNING
N. Y. STOCK MARKET
Big People Start Upwaro Moyement but Outside Traders
Are Now in Full . Control Financiers Make ,
Several Attempts, to Get Full Swing.
WHEAT iilARKET
LIVESTOCK PERMEATED
UITU A DCTTCD TflftlC
Mi,
NOTCH OF HIGH MARK
DRIFTS EASILY
Willi ft DLL i I LI I I VI.L
, ; y .
Improved Feeling in All Lines and Especially for the
Better Grades Sheep Show First Brightness
for Many a Week in This Market.
.' ;I -.A ,v A .i ;; . -. j 1 11 1 ; y' '
Even Excited Values of the Early Season Only a Frac
tion Higher Than Trade Is Offering Now Ex
porters Are Buying Supplies Again. ,
Bull Interest Does Not Try
to Stop Short Sales and
a Lower Range.
Nov 14... 107
2 Oct. 81.... 40
m Oct. i4.... 44
Oct a...,.; s
m Sept. 2,..,72
JT " PORTLAND GRAIN BECEIPTa
The receipt of grain at Portland for
t tlj past week aa compared with previ
, oua weeks, a reported by . the board of
trade, snow in ears: -''u A
Jttriey. flour, nay. ura, w neni
78
26
SI
13
14
19
22
88
79
84
7
70
79
40
69
12
20
25
86
61
22
45
0
. 668
268
265
411
418
'178
472
749
, y Hymen H. Cohen. ..
Jf " During the past wee the wheat mar
is, ket touched within a fraction of the
hi eh est point reached during the pres-
ent aeaaon. Even the big and excited
figure that ruled at the start of the
J season owing to competition, were but
- m a wea bit advanced over present values
when they reached their high point..
At this time the market Is more
? healthy than previously. At the time
the record values were made at the
season's opening, the trade was feverish
T and there was no telling what the mar
. ket would do on the morrow. Now
tho market, has reached a calm, settled
basis and no serious inroads either one
way or the other are expected. in the
Z: prlee. In fact the market could scarce-
ly be steadier than at this- time and
m future values depend entirely upon out
" side conditions.
If California comes into the market
T, Tor liberal supplies in me near ruiure.
the indications are that the price will
do better for It is all the grain trade
i can do now with only a normal demand-
to hold advances in check. There, is
Z. a small amount of business showing
i- from the south, but the volume has
not yet reached big proportions. Ex-
porters were in the market during the
r week and their bids put tha price about
lc higher than a week ago. They are
m now frcelv offering on a basis of 90c
track Portland for club, or 94c and 96c
i for blueatm.
m The movement from the Interior to
- tidewater Is increasing in all lines, of
grain except oats. During the week
107: cars of barley arrived compered
with 76 a week ago. For the week
668 cars of wheat arrived compared
with 268 a week ago, 265 two weeks
ago and 411 three years ago.
S. On the board of trade during the
- week there was a bullish tone In wheat
r- futures. For the week there Is a gain
" of lUe i bushel In the bid for Novem-
ber and c for the December option.
Oats futures were firmer though
'4 trade waa slow during the week. The
. net advance for the 6 days amounts to
84c a cental In th bid for the No
id vember, and 2Vc ft cental in the Do-
cember delivery.
With advancing prices and a much
2 Improved tone In the south, port ana
II board of trade prices on barley fu
m ttires closed at an advance over last
' week. In the November option the bid
"? was me a cental higher than last Sat
is urdav and a like amount in the Decern-1
. Her
While the movement of flour goinc
forward to the orient is quite heavy
2 at this time, none "of the shipments con-
j slst of recent sales. wun ine price
of silver even at a lower price than
during recent weeks, the best prices
5! the local people can make Is a number
S3 of notches too high to suit the oriental
i trade.
Board of trade prices fot week:
T. CLUB WHEAT.
Nov.
3 Monday 0B
n Wednexrtay 9H4B
the trade is ' still at aea regarding t the
future of prices, i
Eggs are firm again, after temporary
weakness. .
The chicken market Is 'about lc
higher because of small arrivals.
Dressed veal was very scarce during
the week and prices show a rise.
Dressed hogs came In very freely
and for a while it looked like lower
prices.
Cabbage market ! Drm with tha re
cent Increase in supplies entirely sold.
Cheese is steady.
Refined susmr la down 20c for the
week on the ooast, owing to the fight
among the big refiners of the east.
The receipts of produce at Portland
ror tne past weeK compared wnn pre
vious weeks as compiled by the Port
land boarcKpf trade hows:
N Cream, Butter, Eggs, Chicks.
Nov. 14,
Nov. " 7.
Oct. 21.
Oct. 24.
Oct. 17.
Oct. 10.
Oct. 2.
Sept 26.
Sept. 1.
Sept. 12.
caln.
,...22,996
,...47,625
...21.152
,...23,946
,'...25,276
, . ; .26,787
26,199
26,892.
25.686
27,687
boxes, canes
461 2.70B
1,674
824
687
795
7r
1.191
617
640
637
2,035
4.972
2.691
1.469
1.459
1.998
617
1.387
1.740
COODS.
407
496
639
453
263
480
604
679
434
414
Dec.
91HB
91 B
91n
91 74 B
91 B
1 63B
1.65 V
1.55 B
1.67HA
1.55 B
1.32WB
1.35 B
1.37A
1.35 B
1.35 B
m Thurndav 91VB
iT Friday ' 92 A
'xC: Saturday .. 9H4B
' NO. 1 WHITE OATS.
Z Monday :.;1.62B
e Wednesday 1.53 B
Thursday 1.68 fcB
" Friday 1.55 A
Z Saturday 1.63 B
JJ . NO. 1 FEEDBARLEY.
m Monday 1.80 B
Wednesday 1.32
Thursday 1.86 A
5 Friday .. 1.32HB
m Saturday .1.32V4B
5 OREGON POTATO MEN
I HAVE COURAGE AND
REFUSE TO SELL
Z. Oregon potato growers at least have
m, the courage of their convictlona for
when they believe the market is going
higher there is absolutely nothing that
will force them to let go of their sup
J, plies. This fact is best illustrated In
a. noth the potato and onion markets at
tho present time. The illustration Is
good in both lines but is best in pota
'' toes.
IT While California ' trlces have been
showing an ebbing disposition of late
and there have been numerous declines
in Washington state values, owing to
r the shipment Into Puget sound ports of
large lots v-f cheap-quality Calif ornja
- river potatoes which of. courser went
into consumption and hurt the demand
ror tne Doner arson luimai,
Wlille an effort has been made to
do this same thing in Portland, the at
tempt has been far fom successful
11 thus far for Portland consumers know
full well that even t materially lower
values the river stocK is nigner man
" nur nntAtnes. 1
LI In the onion market even the threat
r T. nf Waw hlnmenla nf California Btook
to this market has failed to force
Jhe selling of home producers and be
cause flf this the price of onions is
t name as auring recent wernu.
Better, Egg and ronltry.
BUTTEK Extra creamery, 35 36c;
fancy, 12 He; store, 20c. '
BUTTER FAT Delivery f. o. b. Port
land Sweet -cream, 84Vc; sour, 82V4o
ri- IK
POULTRY Mixed chickens 1212Hc
rens, I2c; roosters, oia, iuc; iryers,
2Hc; broilers, 12V&c; geese, spring, 8
9c lb; turkeys, alive. 1S17hc; spring
ducks, 14c lb; pigeons, squabs, 12.00
2.60 per doz; old, 81.00; dressed poultry.
11V40 lb higher.
CHEESE Full cream, flata, triplets
and daisies. 14V4 15c; Young Amer
icas. 15Higil8c.
EGGft Local beaV.. v2yjic per "dos;
ea8terS ?T i4 S0C-. ,
Hops, Wool and HlaM. f '
HOP8-1908 crop, cholceSl4 8Hc;
prime to choice. 7h8c; prime, 77V4c;
medium. 6 He lb.
WOOL -1908 Willamette valley, 15o.
SHEEPSKINS Shearing. 10 16c
each short wool, 26c40c; medium
wool, 60c81.00 each; long wool, 76c
$1.25 each.
MOHAlK 1908 Nominal, 1819c.
TALLOW Prime, per lb, 84o; No,
2 and grease, 2 2 He.
CHITTAM BARK Old, 4H5c; new,
4H6c lb.
HIDES Drv hides. 1814c lb: green,
67c lb; bulls, green salt, 46c lb;
kips, 67c; calves, green, 810o per lb.
araia, riour and Kay.
WHEAT Buying price, new Track,
Portland Club, 90c; bluestem, 95c;
fortyfold, 92c; red, 88c; Willamette val
ley. 91c.
MILLSTUFFS Selling price Bran,
826,60: middlings, 233.00; snorts, 280.00;
chop, m.002.00; alfalfa meai, 218.00
PB AltLE Y Feed, 126.60; rolled. $28.60;
brewing, 27.
FliUUH selling price Kasiern Ore
gon patent, 34.80; straight, 83.904.55;
export, 83.4003.60; valley. 34.55; gra
ham s, 14.40; whole whoat,. $f.66;
rye. 6s. 15.60: bales. 83.00.
- i. . . ... . .
hai frooucers price imsw
tim
othy. WUlsmette valley, fancy, 814.00
' 16.00; ordinary, 312.60 18; east
ern Oregon. $16.60; mixed, 311.00 12.00:
clover, $16.10; grain, $11.00; cheat.
$11. on: $11.00: alfalfa, 810.00ll.00.
OATS Producers' price Track, No.
1 white, $S080.5O; gray. $29 29.50.
Fruits and Vegetables.
FRESH FRUITS Oranges, otd $4
4.60; new navels, $3.268.6o; bananas 6c
ib; lemons, $4.606.5 box; grapefruit,
$4.004.60; pineapples, Hawaiian, $4.25
doe. : peaches, 7690c; pears,. Bartlett,
Jl.TS; grapes. $1.00 1.65; baskets, 10
12Hc; huckleberries, 11c lb; cran
berries, local, $3,50410.60 bbl; eastern,
$11. 00 12.00.
ONIONS New Oregon, $1.101.2B
per 100; garlic. 7H8c "b.
POTATOES New. selling, $1.00
1.25; buying for shipment, per cwC.
fancy, 90c $1.00; ordinary, 70 86c;
sweet, $1.76 1.90.
APPLES -Extra select, 82.60i98.00;
fancy, $2.002.25; choice, $1.001.25;
ordinary, $1.00: poor, 6076c per box.
VEGETABLES Turnips, new Oregon,
76c31; beets. 3101.26; carrots. 60
75c sack; varsnlps, 86c1.00; cabbage,
$1.60$p$1.75; tomatoes, 60c per box;
California, $1 per crate: beans. 12c;
cauliflower. 76c$l; peas. 12c; horse
radish. 9 10c: artichokes. ( ) dos:
freen onlqns, 15o per dos; peppers, bell,
a: Chile ( ): head lettuce, 40a
dos; hothouse, 75c $1 box: radishes, 15o
dosen bunches; celery, 75c; eggplant.
100 40. ,
Orocerles, Wuts, Zto.
SUGAR Cube. 36.46: powdered. 86.80:
fruit or berry, $6.05; dry granulated,
$6.06; conf. A, $6.25; extra B. $6.65;
Golden G, $5.45; D, yellow, $5.36; beet,
granulated, $6.86; nrrel, 16c; half bar
rels, 30c; boxes. 56c advance on aack
basis. i
(Above prices are SO days net cash
quotations!
SALT Coarse Half ground. 100s,
311.00 per ton; 60s, $11.60; table, dairy,
60s. $16.60; 10s, $16.00; bales, $3.86;
Imported Liverpool, 60c. $20. Og; lOOs,
819.00; 40s, $16.00; extra fine, barrels.
2a, 6s and 10s, $4.60 5.50; Liverpool
lump rock, $20.50 per ton.
RICE Imperial Japan No. 1, 6Ho;
No. 2, 6 Vic; New Orleans, head. 6f 4c;
Ajnx l; Creole, oo.
HONET New. 16c per lb.
COFFEE1 Package brands. 816.80.
BEANS Small white, $6.25: large
white, $4.60; pink. 83.85; bayou. $3.76;
ijtiaas jo.va; Mexican seas, if.eo.
Meats, risk and Provisions.
MAMS, BACON. ETC. Portland pack
tiocaii nuns, iv to is ios, ivvsO per to;
breakfast bacou. 1622o lb: picnics.
lOo lb; cottage roll, 11c lb; regular
snort clears, stnoaea, iao id; oacks,
heavy smoked, 12o lb; light, smoked,
14o lb; bellies, smoked. 16o lb: pickled
tongues, 60o eack.
DRESSED MEATS Front street
j-iogs. tancy, 7c; orainarv, (Ha;
large, 6c; veal extra, 89e lb; ordi
nary, 77Ho lb; heavy. 66o lb; mut
ton fancy. 67e lb; spring lamb, 7
LhcAh LARD Kettle leaf, 10s. 14c
per lb: 6s, 14Hc per ,1b: 60 lb tins, lSHo
per lb; steam rendered, 10s, 18e per
ib; 6s, 18Ho per lb; compound. 10s, 8c
ir lb.
FISH Rock cod, 10b lb; flounders,
6o per lb; halibut. 7c per Jb: strlned
bass. 16o per lb; catfish, TOo per lb;
salmon, Chinook, 7c; sllverslde. 6c; her
rings. So per lb; soles, 7o per lb: shrimp,
5PURT OF BUYING
J CARRIES PRICE OF
I HOPS FRACTION UP
5' ' During the ' past week there was a
spurt of buying In the hop market
which carried the price He a pound
'- higher than previous quotations. Se-
lect stock was bought as high as 8 He
d- but the quality has to be good enough
r for export. While there was some buy.
f ilng of ordinary stuff, the principal in
v qulry was for best quality and -the
I trade is picking these up with all pos
' slble speed. in order not to excite grow
i ers. M
w-1 While it has been general rumored
s. In , V. a trmAa tViAt Mmim Immltn "Pinnnm
LjJl'eV Sons of Tacoma had settled their
numerous snori raprcn vj
cash; settlement the trade Is not talk-
ing about the Tacoma firm waiting for
the bullish wave to settle before get
2 ting Into the market to fill their con-
tracts. - So far as known none of the
v recent buying has been for Flncus.
5 BRIEF REVIEW OF
; WEEK'S TRADE ON
I : FRONT STREET
JT i! Creamery, butter - Is advanced to -a
pound because of smaller supplies of
K' honv gooda . f
Turkeys are corning rather freely, but
ltlZ.n lu, IK i,.h
v. vvivm, w V. Vcl V.ll 1 V, V7I I ,
lobsters. i6o per lb; fresh
!H
$2.40;
Be te lb: tomc-oS.
. - ... . - . . .
ivo tier id: lot
miltlrttMl
per dosen; sturgeon ( ) per lb; black
case, auo per id; sliver smelts,
id: black cod, 7 Ho per lb; craba.
1.7 per dosen.
CLAMS Hardshell, per box. 81.40!
raxor clams, $2.00 per box: lOo per doa.
Ion, $2.60; per 100-lb sack, $5.00; Olym-
pia, per gallon,', a. 40 ; per 100'IB sack,
16.00 &t.tor Eaxle canned 60a can. 27.00
dosen; eastern In shell, $1.75 per 100.
' ratats, Ooal, OQ, Xto. -:i '-, i- -
ROPE Manila, 10e sisal," tO lb. v
LIN 6 BED OIL Raw. bbla. EKn:
68c; boiled, bbls. 68o: cases, tin a )
lots of 260 . aallona. la lean: nil
meat-, $84 ton. , i . ;. -.u . ...
BICNZINK 86 deg., . caies. lJo V
o per sal. , y
ioiK t lie per
Iron bbls.. 11 Uo
JVH1TE LEAD Ton
er
By Thomas O. Saotwell.
(Betnt News by Losfest Leased Wire.)
New York, Nov. 14. Traction shares
were the strong feature of the market
today with general advances tinder
leadership of Third avenue, Soo, Vulcan
Detlnnlng preferred, Chicago and Alton
preferred and Allis-Chalmers and other
specialities were strong. , ;
The weakness in active stocks was
due entirely to an attempt of the pro
fessionals to force a reaction. Lead
ing spirits among the operators said
they would continue this attempt on
Monday. Commission houses were of
the opinion that the public would pur
chase stocks freely and prevent any
decline of importance. In the last hour
there was remarkably good buying of
stocks for investors. The Increase of
deposits and cash reported shows that
stocks are being purchased largely by
Investors. The market is in full swing
and there is no possibility of it being
stopped yet unless some calamity of
worldwide importance should frighten
the public. The big. people who worked
so hard to entice the publio Into Wall
street have lost control of the market
There is no telling where it will end
but It Is certain to go ,yery much
nlKher before It 1nn nri Tha Knntn
in the stock market has gone beyond
control of the high . financiers who
started It. Several attempts have been
made during the past week to get a
firm hold of it again but without suc
?.e,8?; Tne Plain people are running
Wall street Just now, and. much as
the blr men are ri11vht,1 at h. r,,,iu
appetite for stock they are worried over
the possible consequences.
Inflation at Securities.
Inflation is stsiki nflr ihfnail In tha
mna. i no yiaririi law made the bull
market by furlrfhlng 3500.000,000 more
rnnney . .than- eBuM possibly be " used.
Tberpresldential election has electrified
Investors. The people have not lost
any money of .consequence In Wall
street for eight years. The old wounds
are healed. The losses have been made
by years of , industry. Some of the
prophets who warned them to keep
away from the market have proved
swindlers SO that the nennla h. l.t
confidence in every person who sounds
a warning note. The s-rentaat nn..,,.
lktlve ot-ele In tha lllntnrv nf tha
I --. v. inn n wi iu
s In progress. In the last 10 years
of trading prices of securities dealt
in publicly by Wall street have ad
vanced 33.600.000.060. This Is at the
rate of more than a mininn hi i-
minute for the trading hours. Counting
from the bottom of the rnf a -
ago. American senirlHe a ..m..
an 01l,BnMA . 1 . . A . .
.... ..,v.3 ui ii lean i 2D,UUU,0U0,000,
PUBLIC HOPEFUL,
OF STILL FURTHER
GAINS IN STOCKS
(United Press Leaied Wire.)
iew xorK. Nov. 14. The . tide -of
local public enthusiasm in the security
market, which rose so swiftly after
election day, still shows no signs of
abatement. In the latter half of the
current week, more alma nt baaltatinn
appeared, and it was evident from the
great freedom with which stocks were
Jk that an increasing number of
uButua were tooKing ior the top and
i Minion iu iiuiik it was pretty near
But as yet, the great majority of those
who feel this way are operators of
the speculative class who find that they
cannot recover to advantage stocks they
have sold, the "reaction" theory with
these speculators . Is a case of the wish
being father to the thought.
The main Point about the markets
Is Its technical side continues to be
that a great flood of Investment capital
was let loose when the polltclal horl
son was cleared on November 3, that
this capital seeking employment, found
that the bond market had been swept
bare of Its attractions and prices in
many instances forced up to a well
nigh prohibitive leVel. and accordingly
turned Its attention to tha atv
ket. ,Th' new buy" power for the
past 10 days has virtually swept every
thing before it.
Enormous realising occcured. a good
ft.! .?fleCt1Tn,1f f.rom "Peculatlve cap
italists of the first rnnV hn t v, i u
the spring and summer consistently
hiSal. J tns Potlcal and
?hU:.'ne,1"h 'ui""Mi.?rl w reaping
h. j P.1' nwever, much
i,.t,amharket ' underl'ln" Position may
tiV Tan. w?ak8Ixl these distribu
tive tales, the main truth at the
moment is that the outside demand has
shown no signs of slackening and as
It Is now sufficient to abnorb with no
2 aaCtUltty. thRt ,lie Jnside Wall
street Interests care to offer. In fact
5 ,duti,Jg the week where large
operators have been so impressed lb'
ftltW th,elr ,tock" nv been takeh
that they have promptly bought back
again at a substantial loss.
wek ?t TiV?, rfcelvel l"Hng the
't . .true, leaves quite a little
to be desired. The iron and steel Jmir
rhaI' out. that, whlF,
t.I . lron an throuRTh
pt forttu,t"hXIMln,1eJ notab,y
gMtt 'X.0 .try
along wUh 'some increase rgUln.
orders, there has been a heavy spX!
tion and how far the recent sharp rise
In prices for the metal has resulted In
actual betterment and how far a purely
speculative demand. Is a debatable ques
tion. Nevertheless, all that these facts
signify is that In our trade revival we
ahould be satisfied with ' a moderate
pace,. The more the present Wall street
situation Is - studied, the clearer it ap
pears that the governing Influence Is
that of supply and demand To a large
extent we are witnessing tne Inverse of
the condition which existed in the high
tide of 1906, when the great activity in
all alines of Industry had so far pressed
upon capital resources that the balance
lert for investment purposes was rela
tively limited. Now, .on the contrary,
thers is a srreat surolus caDital and
Its eagerness to secure employment in
Income yielding securities, it is rush
ing ahead without sufficient regard for
the value of what it Is Investing In.
There is obvious danger, too, in the
fact that money is so easy and the
prospect for low rates so well assured
that the ordinary wholesome check
upon the speculative movement is
wholly lacking. There is need of re
calling past experiences where oppor
tunities or mis sort nave Deen abused.
People with average memories know
what the sequel has always been and
they can realise now that the pleasant
possibility in our present promising
ouuook is tne tenoency or an over
sanguine zinancial community to rule
to excess.
Range of New York finances
nlshed by Overbeck & Cooke Co.
fur
DESCRIPTION.
Amal. Cop. Co. . .
aot. c & jr. c. . .
do pfd
Am. Cot. oil, c.
Am. Loco. c. . . .
Am. Sugar, c. ..
Am. Smelt, c...
do pfd. ......
Anaconda M. Co.
Am. woolen, c.
Atchison, c.
do pfd
B. & O. c
" do pfd
Br. Rap. Tran..
Can. Pacifle. c.
Cent -Leather, c.
ao pra
C & 6. W. c. . .
v;. M. A St. p..
C. & N.-W. c.
Ches. & Ohio.
C. F. & I., c.
Colo. 8., c
do 2d pfd. . .
do 1st, pfd. .
Corn Products,
do nfd
Del. & Hud. ...
D. A R. a., e..,
do pfd.
Erie. c. . ,
do 2d pfd
do iBt'pfd. . . .
Q. N., pfd.
Illinois Central .
Louis. & Nash..
Manhattan Ry...
M., K. & T., o..
do pfd
Distillers
Ore Lands
Missouri Pae. . .
National Lead .
N. Y. Central . .
N. Y., O. & W..
Nor. & West., c
do pfd
N. American . . .
Nor. Pac., c
Pao. M. & S. Co.
Penn. Ry
P. G. L. & C Co
Pr. Stl. Car.,o...
do Dfd
Reading, c
ao za pro. . . .
n lot
feep. I. & 8., a '.
do pfd
Rock Island, o. .
do nfd
St L. ft S. F. 2pf.
ao 1st pra.
StLA 8. W.
do Dfd . . .
So. Pac, c. .
do pfd . . .
So. Ry.. c. . .
do pfd . . .
Texas & Pao.
T.,8t L. A W., c
ao pra
Union Pao., o. . .
do pfd
U . 8. Rubber, c. .
do pfd
U. 8. Steel Co., c.
do pfd
Wabash, c
do pfd
W. U. Tel
Wis. Cen., c
do pfd
W.. Lake
Westlnghouse
98U
108
64
464
40
46Vt
ft
85
40
49
141
147U
116
144
85
69
86
66
136
96 T4
107 J
6Z
85
4
c.
95
9S
106 W
:54
178
154H
30
130
100
140 140 138
28
23
ou
32
67
113
16
33
4
30
67
11
91
28
8
24
IS
"22"
54
117
120
26
60
32
'61
181
07
36
Total sales, 672,000 shares.
177
34
84
40
48
139
147
115
141
'73
62
84 V
114
44
83
163
29
129
100
89
28
89
23
49
32
20
53
116
119
.55
31
4 World's Wheat Prices.
May Option.
4 Portland 81 B" 4
4 Chicago ,.....107A
4 St Louis 107 4
e Minneapolis 104
4 Duluth 108 4
4 Winnipeg" 87 4
4 Ban Francisco.... ., 172 4
4 Liverpool 7s 8d 4
' 4
'December. 4
Dec.
Mav
July
CHICAGO WHEAT MARKET.
Open. Close. Nov. 18. Gain
103 103A 103A
..107 107A 107B
..101 101B 101
83
80
72
153
29
129
0i
(United Press Leawd Wire.)
Chicago, Nov. 14. There were rea
sons for weakness at the opening of the
wheat market, but they were Inoperat
ive on this occasion. Present holders
of wheat when not buying, do nothing,
letting the others who want to. do the
gelling. There appears to be enough in
present conditions of the local market
to prevent a material decline and when
active participation is Indulged In, an
advance Is easy. Drought In this coun
try becomes a Wore serious question
every day .of its continuance and there
was still no relief in sight this morn
ing. Liverpool reported futures from
to d lower, Antwerp was unchanged
Berlin c lower, Buda Pest c higher.
Argentine crop news was favorable
as far as concerned weather there, abun
dant rains doing good, although in the
south there were still droughty areas.
The market, while strong at the start.
was not pushed as It might have Deen
and soon became inactive at about clos
ing prices of the previous day.
('logins- nrlces for December was the
same as on the previous afternoon and
for May o higher.
Recelnts of onlv 137 Cars of corn and
many reports of disappointing husking
returns gave shorts In the cereal an
other bad turn and they resumed their
covering operations in a careful man
ner, the effect on the price being a
further sharp advance. Liverpool waa
firm at USUil rise In futures. Sam
ple market was rather easier and) prices
from to c below what they brought
the dav before. December closed at an
advance of ao and May c higher.
Oats oDservea a waiting poncy. r iuc
tuatlons were extremely light and slew
Infrequent. Receipts rather exceeded;
expectations but not sufficient to af-1
rat aneriiiflTive fenerations. oo-muia
market lost some of Its recent firmness,
prices paid for oar lot offerings being
4c lower.
Market for the hog products partook
of the general inaction in grain. Prloes
at the yards were from t to 10 cents
lower and the tendenoy of provision
prices was moderately In the same di
rection. .
Cash prices Wheat winter wo. i.
red 31.041.05; No. 8 red, fl. 0801.04;
No. 2 hard, 31.0401.06: No. 4 hard. 81.01
1.4. Spring samples. No. 1 northern,
$1.02(91.08: No. 8 spring. 98c31.06.
Corn ria. . J0- wun,
(12: No. 8 yellow, bsW4; no. 4.
6SOats No. 2 white. 61e: No. 8 white.
49(g61c; No. 4 white, 4849c; standard.
52c.
Ranae of Chicago prices, furnished by
OverpecK cooae cuniymj .
; WHEAT.
Ooen. High. Low.
PORTLAND LIVESTOCK RUN.
Hogs. Cattle. Sheen.
2945
...'..1776
1693
2593
2928
Past week
Previous week
November 1 . .
October 26....
October 18. . . .
979
930
1183
1693
1730
96(5
921
2301
1128
1135
By Hyman H. Cohen.
Portland Union Stockyards. Nov. 14.
There Is a much brighter outlook all
through the local livestock situation at
mis time. .
The Improvement has been expected.
but Its arrival has been delayed slight
ly because of the fact ' that supplies In
the hands of killers were greater than
had been expected. Packers' purchases
were especially heavy of cattle, and
this is the reason why they have so
feralstently discouraged shipments to
he market of late. Just now the pack
ers are beginning to inquire somewhat
for cattle, and while their wants have
been limited, they have -been more free
buyers during the past week. No
change is shown in cattle prices for the
weeK, out tne slla-htly heavier run than
last week was quite readily cleaned up.
Earlv in tha week there was a loss
of 26c In the price of hogs, owing to
the limited demand, but later in th
week with the Improved feeling all
through the livestock market the situa
tion In hogs was one of the first to
look brighter. At the close of the week
select east of the mountain stuff writs
ftndlna- a sale aa hlrh as 26.25. but little
of this class of stock Is available at tbe
moment, and the general run ranges
around 36.0006.10. y
rirst Change la Uteep noted.
For weeks and weeks In fact for
months the sheen market has drifted
about like a ship without a rudder, but
tne marxst took on a more pleasant hue
the first of the week; and has been Im-
firovln since. The cell at this time at
mproved prices Is principally for fat
stuff, and receivers are experiencing
no difficulty in moving this class of
stock at slightly higher values. While
the run of sheeo during the past week
was slightly greater than during; the
previous six days, the total run Is still
very light, and as soon as present sup
piles In the hands of packers are ex
hausted the trade looks for a stiff move
ment of quotations. According; to sell
ers, packers' tholdings are well nigh ex
hausted at this time, but they showed
but little Indication of this fact during
recent purchases.
xne past week s arrivals of livestock
compares with the same nerlod in re
cent years as follows:
Hos-s. Cattle. Sheep.
1907 814 900 865
1906 683 617 441
1905 431 249 3967
A year aa-o for this same period the
entire livestock market was permeated
with weakness, which resulted In a
generally lower range of values:
tne rouowing prices are representa
tive of the largest transactions In the
local .yards, and Indicated the extent of
the demand for the various grades and
weights, with the prices thereof:
CATTLE. . ' .fi" "
Weight
.,18,000
.,9.000
. . 2.676
, . 1.265
710
17 Steers ....
8 Cows
2 Bulls
1 Bull
3 Calves
18 Cows
18 Cows .....
34 8teers
7 Feed steers
2 Calves
11 Stags
1 8tag
6 Cows
1 Cow
2 Steers . . . . .
62 Steers
17 Cows
63 Stock cows.
27 Stock cows.
2 Cows
6 Cows
10 Feed cows.
2 Steers
13 Feed steers
18 8teers
Price.
$3.50
' , 2.76
2.00
, 1.60
' 4.50
2.60
' 8.85
8.85
8.00
8.7S
, 8.00
2.60
2.00
2.60
3.60
S.0
2.50
2.00
i 8.00
: 3.60
2.00
1.60
8.86
. 3.26
3.75
$8.00
6.00
.0
8.00
6.10
6.50
: 6.60
6.00
, 6.40
8.00
6.10
6.10
6.60
8.00
6.00
-6.15
6.10
8.00
6.00
ts'.oo
2.00
8.36
4.19
Following Is the general range of val
ues on stock ruling in the yards for
late shipments:
Hogs Best east of mountains. 86.00
6.25; ordinary 35.75; blockers and
China fats $6.005.60; atockers and
feeders, $4.755.00.
Cat,tle Best east of. mountains
steers, $4.00; medium steers, $3.76: best
cows, $3.00; medium cows, $2,609(3.75;
stags, $2.6003.00; bulls, $1.7602.00.
Sheep Best wethers, $3.6008.60; or
dinary wethers, $3.25; lambs. $4,000
4.10; straight ewes, $3.00(88.26; mixed
lots, 32.6002.76. 1 - .
Veal Choloe young calves, $4.50;
heavy and rough, $3.7604.00,
10,700
.......19,650
.'. 88,920
6.450
730
11.600
1.676
4,375
986
2.200
.......60.036
17,400
., 61.165,
26.000,
2,200
4.565
8,840
30,425
11.650
..19,100
HOGS.
6.280
8,460
22,150
34.550
36,865
... 859
4.800
19.525
9.SSA
13.230
16.960
).- t 1S 2 $0
1,800
16,210
...... .53.365
40.125
21.135
21,000
16,530
SHEEP.
600 Ewes 59,690
135 Feed ewes 12.110
40 Mixed sheep. .....41,080
189 Lambs .13,180
24 Hngn
8 Hogs
129 Hogs
115 Hogs
160 Hogs
4 Hogs
30 Hogs
86 Hogs
69 Hogs
63 Hogs
77 Hogs
79 Hogs
14 Hogs
82 Hogs
249 Hogs
189 Hog,
107 Hogs
104 Hogs
89 Hogs
lb: 600-lb lota. n nr ik. t., a,.
Per lb. ' ' V 0
gal
TURPENTINE In eases. 68 a per
'WIRE NAILS Present basis. $2.88.
News Gossip
of Finance
Portland Bancs.
Week's rlearinaa 47 997 7n m
Year ago 5,64l,7S4irt
Week's gain
Week's balance
year ago
$1,756,974.02
604.38t.13
666.478.77
New York. Nov. 14. Bar silver, 4e;
Mexican dollars, 45c
-Bar silver, 28 1-1 6d.
London, Not. 14.-
k. f
New , York. Nov. 14
bonus: Date,
Twos, registered ... 1930
do coupon 1930
Three, registered .. 1908
do couDon ...... 1908
Threes, small bonds . . .
Fours, registered . . 1925
ao COUDOn 1926
Twos, Panamas
ao cnunon -;.J
Fours,, Philippine ........
Government
Bid. Asked.
103 104
104
100
100
100
120
121
102
102
110
101
101
iii"
a
103
New York. Nov. 14. Metal Copper.
lake, 14 014c: electrolytic. 18 Q
14e; eastings, l314a
Tin 8O.208O.S7. 1
Lead $ 4.87 41 4 7 A
Statement of
N. Y. Banks
Brew Tor Banks.
New York, Nov. 14. The weekly re
port of the associated banks shows the
following changes:
Reserve on all deposits, decreased
$68,026.
Reserve on all deposits, other than
United States deposits, decreased $80,
760.
Loans, increased $5,006,200.
Specie, Increased 3791,200.
Legal tenders. Increased $611,200.
Deposits, increased $6,601,700.
Circulation, decreased $202,300.
Total loans. $1. 883.147,600.
The surolus of the banks la 13: Ell .
626. as- against a deficit of last year of
63,6S6,HbO ana a surplus two years ago
of $2,871.676.
BOSTON COPPER MARKET
(Furnished by Overbeck & Cooke Co.)
uoston, inov. 14. yinciai 01a prices:
AUoues
Arcadian . .
Atlantic . ..
Boston Con
Butte Coaia
Black Mt .
Cal. A Arts. ..125
Cal. Hecla.690 A
40 INorth Butte.
6!01d Dom. ..
18 lOsceola .. .
17 'Parrot
27
Centennial
Cop. Range
Daly West
Greene .. ,
Glroux w. .
Mass. t, .
Michigan .
Mohawk . ..
M lama .. .
Nev. Con."
Nipplsslng
Quincy ..
Koyale . .
Shannon . .
Supp. Pitts. 19
87
68
123
28
23
18
85Tamarack
81 Trinity .. .
10 United .. ..
11 Utah M. ...
4'Utah '
I Wolverine ..
14 .Winona . . :,
69 Yukon . . 7.
18 B. S., Oas...
20 U. 8, Oil....
111
83
Dec.
May
July
Deo.
May
July
Dec.
Mav
July
Jan.
May
Nov.
Jan.
May
Jan.
May
Open.
103
107
101
63
62
62
49
61
46
.1605
.1602
907
917
835
850
High.
103
CORN.
63
63
62
OATS.
49
61
46
PORK.
1802 1692
1612 1602
LARD.
915
927
RIBS.
837
866
Low.
103
107
101
62
62
62
48
60
46
907
917
881
86fF
Close.
Close.
108A
107 A
101B
63B
63B
62A
48
61
46
1602A
1610
950
915A
926
837
863
FALL GRAIN MADE A
VERY 600D GROWTH
Fsl sown grains made a good
growth In the Pacific northwest
during the past week according
to reports received by The Jour
nal from special correspondents
and the grain trade. There Is
considerable complaint In many
quarters regarding the continua
tion of the dry weather. While
about the usual amount of seed
ing has been carried on thus far
this fall a considerable amount
additional would be sown provid
ing weRther conditions are right
What is needed, Is more moisture.
4 FeHl sown grains made a good
4 growth In the Pacific northwest 4
4
Uses of Cement Increasing.
From Cement Age.
The nsst vear has witnessed no ces
sation In the use of cement which can
be Interpreted as reflecting upon Its
utility.- On the contrary there has been
a marked Increase In its use In many
branches of work. Occasions have even
occurred where popular demand has
compelled official recognition of the
economy of oemebt in public enterprises,
Indlratlnr that Its value in that re
spect Is pretty senerally understood by
the people at large. As a leading New
York dally recently expressed It. "ce
ment has become as much, a staple as
wheat or steel, and Is absolutely sasan
tla! in practically every Important con
structive and enaineerlng undertaking
at tha present time."
Coming and Going.
Man hollers all along the way.
With squirm and lusty shout; ,
He hollers when bis teeth come in
., And when his teeth come out.
. Houston Post.
Just So. ,'
From theilHouston Post.
"I wish vou wetild use your influence
to get Jinx to attend our poker party.
this evening " . '
jinx! wny, ties tne poorest poasr
CREAMERY ARRIVALS
IN PORTLAND MARKET
Receipts of Butter, Cream, Eggs, Milk and Cheese for
the Various Weeks Since July 4 More Milk Is
Now Coming to Portland From Country.
The following table of arrivals of
dairy products at Portland for the vari
ous weeks since July 1 Is of much in
Week endingr-
terest to the creamery trade, inasmuch
as it shows the flush and dry seasona
The list was complied by( the Portland
board of trade:
July
July
July
July
Aug.
Aug.
Aug.
Aug.
Aug.
Sept
Sept.
Sept 19
Sept.
Oct.
Gal.
Cream.
36,691
11 89.170
18...
25...
1...
8...
15...
22...
29...
6...
12...
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
3.,
10..
17..
24. .
81..
...85.169
...35,172
...82,076
...33,199
...33.200
...28.573
...26.228
...22,794
...27,687
...25.678
...26.060
...25,199
,..26,787
...25.276
.28,946
.21.162
7 20.625
14 , 22.996
GaT.
Milk.
1.324
1,390
1.341
1.439
2,755
1,701
1.846
1,918
2.623
2.816
1,983
1,466
2.178
2.190
2.875
8.260
6,682
6,940
7.506
6.686
Boxes. Cases. Boxes.
Butter; ggs. Cheese.
1,438
920
666
856
678 .
630
347
982
686
648
637
690
637
1.286
797
795
687
842
1,614
451
2,001,
1.232
1.427
2,623
2,896
1.742
1,491
1.591
1.421
1,178
1.740
1.847
1,62)
1,98
1,669
1.957
1.691
4,972
2.036
2,703
155
1,794
407
631
878
439
S
719
1,131
494
2.643
418
452
847
1.117
707
1.003 '
C A
' 409
1.018
. Liverpool Wheat Market.
Liverpool. Nov.- 14. Close: Wheat I player you ever saw !"
Msrclj, T73 4Hd; -May; 7s3ct "l know It"
RUBBER CRISIS
IS HOW SHOWS
Price Below Cost of Produc
tion Investigation Is
Now Being Made.
Lima, Peru. Nov. 14. A serious crisis
threatens the rubber producing regions
of the continent The great reduction
In the Income of the Iqultos custom
house and In fact all the customs of
our ooast demands careful considera
tion, to determine Its origin and causes.
It proceeds in great part, from the low
price received for the rubber product,
which has fallen below a supporting
figure In all the markets of the world.
A study of the faets reveals an In
crease In the production of the ma
terial, out of all proportion to the de
mands of the trade. Rubber has come
Into demand for so many uses In re
cent years, that it has led to exces
sive production. Thus the crop in
creased in 1907, seven per cent in Bra
U, 44 per cent in Ceylon, 122 per cent
in Malesla, reaching in the last two
districts 1,000 tons against 150 tons
produced in 1905. From 1905 to 1906
the area planted in rubber in Ceylon.1
Borneo and Malesla Increased 4$ per
cent, from 223.000 to 330,000. In Eng
land of 140 corporations organised in
1907. 61 were in the interest of rubber
production. . ,
In the French colonies, the movement
is similar; in 1902. of 8.217,000 kilos.
Imported Into France, 810,000 were- from
their colonies, while in 1906 of 11,
880,000 imported. 2,204,000 wera from
tbe same colonies. .
Thus it . Is seen that th Increase of
production has been universal and the
price has accordingly fallen below a
supporting- figure because of a glutted
market In 1907, the pries was SO per
cent below that of the previous year.
It is seen that a vast region of tha
continent Is suffering from this exces
sive production, and the attention of
government must necessarily be directed
to a protection of the important Inter
ests Involved. It is possible It may
be found expedient to abridge some
what the, right to export the article,
threatened by foreign composition, in
order to save the government losses
and save the rubber planters of all that
extensive region from catastrophe, now
easy to foresee.
Cattle Slow in East,
Chicago. Nov. 14. Hogs. 20.008; eat- :
tie. 7.000; sheep, 8,800. Hags are steady;
teft over yesterday. 8,900; receipts year
ago. 12.000. Mixed 15.26 ff 6.10, heavy
3a.90f6.16. rough 86.4601.75, light
$5.166.90. Cattle slow; sheep steady. .
Kansas City. Nov. 14, Hogs. 1,000;
cattle, 600; sheep nones
Omaha. Neb.. Nov. 1-4. Hogs, 1,000;
cattle. 100; sheep, SOO. - .-
The Argentine ant: which has wreught
havoc with the Louisiana sugar planta
tions, has now appeared on the I'aolflo
coast.
OverbeckCqokeCa
Commission Hirdiaiiiv Slocks. Bonds, Cotton, Crc'a fci:.
tlfl-217 BOARD OF TRADE BUILDING ,
Members Chicago Board o Trade, Correspondents of Logan fi trjatv.
Chicago, New York, Boston. !
Wt hire tb only private wlrs connecting Tortland with f. tur '
' - exchanges.
1IXMBER" PORTLAND BOARD OF TRACK, .
r
v