The Oregon daily journal., December 07, 1908, Page 10, Image 10

FH1L
WORLD
MARIiJLTS
SUGAR MARKET
1 0 HIMOWH
Kefineries Announce An
" other Declines-Onion Sit
uation Improving Here.
TODAY'S WHOLESALE MARKETS.
Sugar down 16c again. .
New situation shown in spuds.
Onions gain in flrrn"8" arVet
SilverslcS. salmon out of ma rlcet.
8telhead salmon Is Jl,Bbetjtol,
Mixed views on sweet potatoes.
Apples are cleaning up.
Low grade hops selling. -Egg
market Just about steady.
Chicken demand Btarts well.
Sugar Drops 10 Cents Today.
Local sugar prices are down 10c per
Jffi85f S&2S-
d and the new prices take eireci i
oSc While th. decline today was not
advance in sugar prices the trade has
locked I up heavily with sugar until at
fnls ti almost all the Jobber, a. well
as retailers have all the MPPllM 7
need. Most of them bought H (
value and it has been generally the
rule " that when everyone was full of
sugar the refiners began to cut prices
' In order to bring on more business.
Keavy Cro-o of Beet One Cause.
'" The heavy crop of beet sugar every
where the past season and the pros
pects for a still heavier production the
coming season is probably one of the
principal causes for today s sharp de-
' Sum! While the production of cane
sugar here Is not keeping pace with the
Increasing consumption, the added beet
supplies are more than sufficient to fill
In any shortage which may occur. Of
late years the discrimination between
beet and carie sugar by the general pub
Its has generally been wipe out and
today a large per cent of the urnes
is in the former. Pjiba had a larger
crop ot cane sugae- than expected thfa
' season, while in Hawaii the production
shows considerable increase.
More Beet Sugar In Europe.
Under date of November 14 a Euro
pean correspondent writes Smith &
Bchlpper: . .
The feature of the week has been the
publication of the figures of .October
production in Germany, showing 180.000
lout vear. mainly due to
thewqulte unprecedented richness Of the
'' roots. These returns rather staggered
the market, but even -on consideration
seem to be not Inconsistent with an
eventful shortage of perhaps 100,000
tons in .the production, seeing that there
were about 2.000.000 tons of roots left
over to grind less than there were last
year. The market has accordingly re
covered pretty much what It lost, actual
sugar being kept firm by the compara
w" tlvely email offerings rom the contl
v nent where the closing of the Kibe con
tinues to hamper the movement of sug
ar to Mta norts. both from Germany
and Austria. The peculiar character of
this year's beet .root crop, makes it a
profitable one for the fabricant, but
........ n- V. ?nrmA shn mttV Vi n
expected nexi spring 10 require sun
higher prices for roots, especially with
' wheat again so dear. Some Increase In
acreage seems necessary to provide an
adequate supply for the growing con
sumption, and the above situation, as
regards the cost of production Is cer
tainly a strong argument in favor of
the maintenance of a comparatively high
range of prices for suar for a consid
erable time to come.
- Stl-rersids Salmon Out of Market.
There Is practically no fresh silver-
aide salmon in the local market at this
time. Steelhead salmon Is the only
fresh variety now available and It Is
selling at higher prices. There are fair
supplies of slivers In storage, btit the
amount is not believed sufficient to sup
ply the future requirements of the
trade. None of the storage fish Is now
being sold for that reason. There Is
plenty of othcf fish how being offered.
Vised Views on Sweet Potatoes.
The course of the local market' for
sweet potatoes Is very erratic and the
trade, both wholesale and retail, la at a
loss to determine what the future will
bring. One day a number of the com
mission men will be offering sweets
freely at $1.75 while others will be firm
In their views at $2. The very next
day the conditions will be reversed. The
shrinkage in weight of sweets is said to
be especially severe this season and the
trade alleges that no profit can be made
at the lower figure.
Onions Gain In Firmness.
As has been recently forecasted in
this report, the onion market is gaining
in firmness and while prices are show
ing practically no change at the mo
ment, the tendency of values is up
ward. Growers are not offering stocks
so freely and as the market in the
south is now so high that shipments
cannot be brought in this direction, the
trade seems to be under the absolute
control of growers. Most of the latter
are very conservative In their views.
Brief Motes of front Street Trade.
Movement of apples Is quite good and
a large portion of the surplus is being
cleaned up at low prices.
At a recent meeting of the California
Walnut Growers' association it was de
cided to hold to the present price on No.
1 nuts after January 1. There is a
steady tone in the local market.
A number of sales of low grade hogs
are again reported around 5 a 8c a pound.
Eggs are holding Just about steady.
Monday Is always a quiet day in
chickens, but the market looks healthy.
, Dressed meats remain in excellent de
mand at top prices.
Front street nells at the following
prices. Those paid shippers are less
regular commissions:
Butter, Eggs ana Poultry.
BUTTER Extra creamery, 37c; fancy
IlHSc; store, 20c.
, JJUX 1 XLn J A - A ' 1. 1 tr.i y 1 . u. u. run-
land Sweet cream. SBHc; sour 830
per lh.
POULTRT Mixed chickens. 12c lb;
hens, 12 He; roosters, old 11c; fryers;
fine, uiwiiriB, RL-rsr, O'tp
-JOclb: turkeys, alive, lirlT'i-c; lressed.
152Sc; spring ducks, 14c lb; plg
" eons, squabs, $2. 00)32. 50 per doz; old,
11.00; dressed poultry, lull He higher.
SHEE8E Full cream, flats triplets
daisies, 14HlSc; Young Amer
icans, 15"le.
EGGS Local best, 424Dc per doz;
eastern, 10 3 4c.
Sops, Wool Hifles.
WOOLr 18o8 Willamette valley. 18c'
HOPS 1808 crop, choice, 8c; prime
to choice, 7 He; prime. 6 7c; medium,
K fit Li lh
SHEEPSKINS Shearing. 1015c
each; rhort wool. 25c40c; medium
wool, SOcOfLOO each; long wool, 'Sc
Sl.zS each.
MOHAIH 108 Nominal, 18 6190.
TALLOW Prime, per lb, J4c; No.
S and grease, 1 0 2 He
CHITTAM BARK Old. 4 5c; new,
fit lb,
Hl":8 Dtt hides. l14e lb- green,
f7c lb; bulls, green salt, if Se lb;
kips, Tc: calves, green, (SjlOc per lb.
Arain. Xlotuc and Say.
VfTIEA'l' Buying price, new Track,
'Portland Club, Sic; bluestem, 6c;
fortyfold, tc; red, c; Willamette val
ley, tc. ;
M rLLSTCFFS Sell In g price Bran.
US 6o: middlings, 121.00; shorts, $10.00;
t hop. ikll.00y2.ee: alfslla jBesj. Ji.00
ter inn.
UAHLET-r-Feed.' $14.50? rolled. $28
J; brewing, 127.
FLoi-'HFillng prleEater Orer
gon patent, 14.0Q; straight, I4.064.76;
mport, IS.JO; hakersY -Es0; val
). 14 5: graham. Mm, $4 40; whole
hrt, $4 S; rye. 6a, tl.SO; bales, f 1.00.
HAS" Producers price New tim
et' v. V,il"mette vl!y. fancy, Jlt.oO
ti ;. '",:r ordinary, 112.50'jtlJt east-
RAISE IN RATES MAY
HURT POTATO OUTLOOK
W. S. Broaddus has written The Jour
nal from Fort Worth, Texas, the fol
lowing view of the potato situation:
The Journal predicted very late ship
ments to California early in September
and called attention of the farmer to
the fact that owing to the large crop
In the Delta region. In California, there
could be no heavy movement of pota
toes south until after the turn of the
year or later. I'nder normal conditions
this surplus would have all been used
by March, and Oregon should then have
had a better market for her fancy lale
potatoes than for many years, but it is
always the unexpected that happens in
the spud business, and now we have it
again.
"California has no unusual surplus In
the Delta this year, and almost no crop
at all outside of there, but the railroad
company is going to raise the rate from
California and Oregon to "Texas and
soutnern points 16c per hundredweight
so we are informed and if they do,
it is goodbye to all prospects of clean
ing up In California, for that will give
all of the southern markets to competi
tive shippers and compel California to.
use all her own potatoes.
Fifteen cents per hundredweight
makes a difference of $70 per carload
and will turn all the trade away for at
least two months; It will then be too
late. If the rate is not raised the west
coast will clean up and Oregon will get
a fancy price for her late potatoes next
spring. If the rate Is raised then the
future is not certain."
WHEAT FUTURES
S L II
Ml
Bearish Government Report
on Crop Conditions Adds
to Our Dullness.
World's Wheat Friosa.
Dec.
Portland S .9 IVi
Chicago 1.04 HB
Minneapolis 1.08
Duluth 1.08
Winnipeg .99 4
Kansas City 98 H
St. Louis 3.08
San " Francisco 1.B5
Liverpool . - 8s id
Per cental.
BOARD OK TRADE RECEIPTS.
Wheat. Flour. Barley. Oats. Hay.
Cars. Backs. C ars. Cars. Cars.
Mon.
Sat. . .
Friday
Thurs.
Wed. .
Tuea.
.72
..
..23
..31
..68
..40
17,600
3,600
4.200
" jltr"'
2.310
8
4
9
12
16
A government report which gives a
larger crop thm expected, lower prices
In Chicago and Liverpool and the efforts
of the buyers to secure wheat without
paying such high prices, cauwed a
lower range of bids on the Portland
board of trado today, although there
was no change in the cash situation.
On the board of trade 91 He wns bid
for December wheat, as compared with
91 c on (Saturday, while the January
today showed bids of 914c.
The oats market Is quiet, both for
cash and future delivery, prices being
nractlcallv the same as on Saturday.
On the board of trade today there was
a sale of 300 tons of January oats at
$31.60 track. There was an offer to sell
BOO tons of January oats at $31.50 and
an offer to buy 600 tons of oats, prompt
shipment, at 31.25. This Is a decline
of 26c from previous figures.
Barley futures showed weakness to
day on the board of trade and both
bid and ask values are down 2 'Ac a
cental. A sale of 200 tons of January
February was made at $21.50, which Is
a decline of about 25c from former
trnnKnctinns.
There was an offer to sell 10,000 bush
els of fife wheat today at lHc, I. o. b.
warehhouse, Portland.
Board of trade prices today:
CLUB WHEAT.
Bid Ask.
91H 92S4
, 91 ?4 93
1 WHITE OATS.
BEST STEERS AT
R5MIHAIIDS
An Advance of 5c Is Shown
Today All Through the
Local Cattle Market.
PORTLAND LIVESTOCK RUN.
Hogs. Cattle. Sheep
Monday 7o
Saturday 166
Friday 880
Thursday 90
Wednesday 8 30
Tuesday 380
280
12
58
688
325
740
250
"23
460
December .
January . .
NO.
December . ,
January . . .
NO.
December . .
January . . .
1 FEED
. . . .1.65
1.67 Vi
BARLEY.
1.32V4
. . . .1.85
1.67V4
1.60
j. 35 :T
1.37Vi
ChlcaRo Eggs Higher.
Chicago, Dec. 7. Eggs lc higher.
em Oregon, $16.60; mixed, J11.001 3.00;
'tlover, Jl 0.1.0; grain. $11.00; cheat,
$11.00; alfalfa, $1212.60.
OATS Producers' price Track, No.
1 white, $30.60 31.50; gray, $29.0Oy
$0.60.
Fruits and Veg-etaDlos.
FRKbli KHUilS oranges, new
navels, $2,00 42.76 per box; Japanese
oranges 65c per box; bananas, bo per
lb; lemons, $3.256.00 box; grapefruit.
$4.00(4.60; pineapples, Hawaiian, $3.00
dozen; pears, Bartlett, $1.76; grapes,
$1.0091.50;' huckleberries, 10llc lb;
cranberries, loeak' $11.60 bbl; eastern,
$12 60 bbl. c
ONIONS New Oregon. $1.1001.28
per 100: California, $141.10; garUc
?H8c lb.
POTATOES New. selling, $1.00
1.10; buying for shipment per cwt.,
fancy, 60c; ordinary. 60(j70c: sweet,
$1.75 I SO.
APPLES Qood, $1(82; poor 6076o
per box.
VEGETABLES Turnips, new Oregon,
76c$l: beets. $11.25; carrots. 60 0
76o sack: parsnips. 85c 1.00: cabbage.
$1.501.75; tomatoes, California, $1.26
per crate; beans, 12c; cauliflow
er, 76c$1.00; peas, 12c; horserad
ish, 68c lb; artichokes. 65ft 7 So doz;
freen onions, 15c per doz; peppers, bell,
c; Chile ( ); head lettuce, 40c
doi: hothouse. 11 box: radishes. 15a
dosen bunches; celery. 4oy85c; egg
plant, 15c lb.
Oroesriet, Suxs, Etc.
SUGAR Cube. $6 35; powdered, $6 70;
fruit or berry, $.Y.!5: dry granulated,
$5.95; conf. A. $6.15; extra B $5.45;
Oolden G. $5.75; D, yellow. $5.25: beet.
granuated, $5.75; barrels, lor; half bar
rels, 39c; boxes. 65c advance on sack
basis.
(Above prices are 30 days net cash
quotations;) .
SALT Coarse Half ground. 100s,
$11.00 per ton; 60s, $11.50; table, dairy,
BOs $16.50; 10s, $16.00; bale. $2.36;
'.mporiea Liverpool, ouc hbdo; loos,
$19.00; 40s. $18.00; extra fine, barrels,
2s, 5s and 10s, $4.50 & 5. 5t; Liverpool
lump rock, $20. SO per ton.
RICE Imperial Japan No. 1. 5V4c;
No. 2, 5 Vie; New Orleans, head. 66Vc;
AJax f; Creole, 6V4-
HONET New. 16c per lb.
COFFEE Package hrandi. $16.60.
BEANS-j-Small white. $6 25; large
white. $4.50; pink.1 S3.S5; hayou. $S.75;
LImae $5.7;: Mexican reda. $4.75.
Ueata, rum ana -iTovnions.
H.:i$, BACON, ETC. Portland pack
flocal; hams, 10 to .13 lbs, 16c per lb;
breakfast bacon. 1321V4c lb; picuica,
10c lb; cottage roll. 11c lb; regular
short clears, smoked, 13o lb; backs,
heavy smoked. 12 Vic lb; light, smokeo,
13c lb; bellies smoked. 15c -lb; pickled
tongues, 60c each.
DRESSED MEAT -Front . street
Hogs, fancy. 7 it 8c;. Ordinary; 67c;
large, 6c; veal, extra, 9e; ordinary, 8c;
heavy, 7Hc lb: mutton, fancy, 6 7c lb;
spring lamb, 7 ?7V4e lb.
LOQAL LARD Kettle leaf. 10s. 140
per lb; 6s, 14Vio per lb; 60 lb tins, ISHo
ier lbs steam rendered. 10s, l$a per
ib; ts, 11 Vie per lb; compound, 10s, $
lfcr lb.
CLAMS Hardshell, per "box. 1140;
raxor clams, $3.00 per box; lOo per do.
Portland Union Stockyards, Dec. 7.
The cattle market is very stiff today
in fact an improvement is shown in all
livestock values. The best showing,
however. Is in cattle and sales were
made during the day as high as $4.50
for steers and $3.50 for cows. This
is practically an advance of 25c all
through the cattle market over Satur
day's prices. This advance has been
forecast by The Journal and indicates
that the situation In rattle, so far as
it concerns the immediate prices. Is
entirely in the hands of shippers.
The run of cattle over Sunday was
rather light and consisted of but 280
head. There was a large sprinkling of
buyera in the yards bright and early
this morning and each one was eager
to purchase supplies. Everyone wanted
cattle and this is what caused the small
arrivals to sell at a higher range.
"Great Strength" 1m K. Xracey.
"The cattle market Is showing great
strength tnls morning," says Lee M.
Lacey of Hunt & Lacey, "and every
thing moved off at higher quotations
Oood steers sold at $44.60; the latter
being the top for select -stock. This
compares with the previous top at
$4.25. v
"There Is a very good demand for
everything in the cattle line." says J
C. Lonergan, "and on this account prices
air. ui'imb nuiiiewuHi utiier. sneep are
firm with few offered. Hogs are about
i.ne same.
"Everything in the cattle market of
me yaruu is in good demand today
says S. P. Gould of Nenson & Gould to
day. "Prices are hither with the
er demand than supplies and taken al
together the situation Is in fine shape
There is no change of sentiment in
tanner eneep or nogs.
Change in X.ivetock Firm.
lousiness in livestock circles is
ppreauing ana lor mat reason new firms
are being constantly added to the local
livestock market. On January 1 the
firm of Benson & Gould will be
dioolved. Tom C Benson of the firm
will enter the trade on his own ac
count while S. P. Gould, the other
mcmuer, win iaKe up the old firm's
affairs. Both are verv nrnmln.nt in
livestock circles and the trade expects
both to make gmi.
Todav's arrivals of livestock In the
yarns compare witn this day In recent
years as follows:
Hogs. Cattle. Sheep.
' 1 IMF llll
1906 SO 173
1905 105 .
A year ago today there was a strong
tone In hogs and cattle and an ad
vance of 25c- in the former. Sheep were
uuu aim uncnangea in price.
Y "'s Bepresentatlva Prices.
The following prices are repYesenta
Uve of late transactions In the local
yard and indicate the extent of the
demand and prices for various grades:
CATTLE.
Weight Price.
110 cows 94,145 $2 90
2 bulls 2,450 2.25
Following Is the general range of
values on stock ruling in the yards for
late shipments:
Hogs Best east of mountains, $6.00
6.25: ordinary, $5.50 5.75; blockers and
China fats. $5 00fd'5.50; stockers and
feeders. $4.765.00.
Cattle Best steers, weighing 1200
pounds, $4. 26 4.50; medium steers,
$4.00ff4.26 ; poor steers, $3.25; best
cos, $3.25; m.edlum cows, $2.50 2.85 ;
staes. XI. 75 93.00; bulls, $2.002.2o.
Sheep Best wethers, ' $4.26 ft 4.60 ; or
dinary wethers, $4.25; Iambs, $4.50
4.75: straight ewes, $3.50; mixed lots,
$3.764.00.
Veal Choice young calves, $4.00
4.60; heavy and rough, $3.50 3. 76.
Sharp Drop in Hops.
Chicago, Dec. 7. Hogs. 78.000; cat
tle, $5,000; sheep, 45,000. Hogs are,
10 to 15 cents lower. Left over 4000.
Receipts year ago 57.000. Cattle 10 cents
lower; sheep 10 cents lower.
Kansas City, Mo., Dec. 7. Hogs, 14,
000; cattle, 15,000: sheep, 8000.
Omaha. Neb., Dec. 7. Hogs, 6000;
cattle, 6000; sheep. 11,000.
Northwest Crop Weather.
Oregon Rain west, rain or snow east
portion tonight and Tuesday; southerly
winds.
Washington Rain tonight and Tues
day, probably part snow east portion;
southerly winds.
Idaho Fair south, rain or snow north
portion tonight and Tuesday.
SHELTERS STILL
" VERY BEARISH
Report That Action Is to Be
Taken at Butte Causes ,
a Loss of Price.
New York, Dec. 7. Reactionary ten
dency was general in the Hat today, the
Sressure being most pronounced on
melters, which was liquidated, on the
report that action Is likely to be taken
In regard to operation of the company's
smelters, particularly In the Butte
camp, where complaint of the obnoxious
fumes and damage to adjoining proper
ty Is said to be made. Harrlman shares
were the steadiest of the list, but a
good tone was shown in Hill stocks.
The market In general shows but few
changes over Sunday,
T '
Range of New York prices furnished
by Overbeck & Cooke Co. :
43000
BUSHELS WHEAT
Government Crop Report In
dicates a Big Yield
Decreased Acreage.
DESCRIPTtON.
FISHk Bock cod, 10c lb; flounders,
6e per lb; halibut. 7c per lb; striped
bass, 15o per lb; catfish, 10c per lb;
salmon, -aulverslde, - 7c; herrings, 6c
per lb; soles, 7o per lb; shrimp,
12Vtc per lb; perch, c per lb- tomcod,
10c per lb; lobsters, 25c per lb; fresh
mackerel, ( ) per lb; crawfish, JOa
ger dosen; sturgeon ( ) per lb; black
ass, 20o per lb; silver smelt. 6c per
lb; black cod, THo per lb; crabs, $L2
1.76 per doxen.
OYSTERS Shoal water Bay, per gal
lon. $2 50; per 100-lb sack. $8.00: Olym-
?ia, per gallon, $2.40; per 100-lb sack.
7006.60; Eagle canned, 60c ran. $7.00
dozen; eastern In shell. $1.75 per 100.
. FaiaU, CoaO, OU. Xto.
ROPE Manila, c; sisal, 7 Vie lb.
LINSEEJJ OIL Raw, bbls. (go; cases,
4c: boiled, bbls. 60c; cases. 66c a sal: i
lots of 20 gallons, lo less; oil xaka
meal, $34 ton.
' BEWZUSTE-SI :',' cases, llo per
ral; Iron bbls.; 11 Vic per gal
WHITE LEAD Ton lots. Te per
lb;600-lb lots, lo per lb; less Jots, I Vie
PTURPENTINB ii cases, f$Vi per
'WTBB NAILS FTsal bs14 $!$(.
Amal Copper Co.
Am. C. & F., c. . .
Am. C. & F p. . .
Am. Cot. Oil. o. .
Am. Loco., c. . . . .
Am. Sugar, c. . . .
Am. Smelt, c. . . .
Am. Smelt, p. . . .
Anacon. Mln. Co.
Am. Woolen, c. .
Atchison, c
Atchison, p
B. & o., c
B. & O., p
B. R. T
Can. Pac. c
Cen. Leather, c . .
Cen. Leather, p. .
C. & O. W.. c
C. M. & S. P...
C. & N. W., c
CheB. & Ohio
C. Fuel & Iron, c.
Col. South, c. . . .
do 2d pfd. . . .
do 1st pfd. . . .
Corn Products, c.
no pro
Del. & Hudson . .
D. & K. G., c
do pfd.
Erie, c
do 2d prd. . . .
do 1 t pfd. . . .
Ort. North., pfd.
Illinois Central..
Louis. & Nash..
Manhattan Ry. .".
Mexican Cen. Rv
do Did
Distillers
Ore Lands
Mo. Pacific
Nat. Lead
N. ..Y. C
. Y., O. & W. . .
N. & W c
do nfd
Nor. Am
Nor. Pac, c
Pac. M. S. Co
Penn. Ry.
P. G., L. & C. Co
Press. S. C. c. ..
do pfd
Reading, c
do 2d pfd .....
do 1st pfd
R. S. & S , c
do pfd
R. I., c
do pfd
S. L. & S. F., 2 pf
do 1st pfd
St. L. & . W.. c.
do pfd i
So. Pacific, c. . . .i
do pfd ...I
So. Ry., o
do pfd
Tex. & Pa
To. St. L. & W., c
do pfd
U. P., c
do pfd
U. S. Rubber, c.J
do pfd !
U. 8. Steel Co., c
do pfd
Wabash, c
do pfd
W. U. Tel
"Wis. Cen., c
do pfd
Wheeling Lake. .
Westiiignouso
Utah Copper . . .
Third Ave
Big Four
Tenn. Copper . .
89
106
49
31
98
108
65
176
28
"ii
150
173
62
41
64
64
Kg
42Vi
55V4
90
106 Vi
49Vi
31V
98H
18H
35
80
33
39
49
143
147
121
17
38
71
34
74
65
81
117
46
142
38
129
100
108H
'66
177
28Vi
'H
160
113
53
41
68V
68
r
o
83 Vs
46V4
65Vi
89
106
49
31
97
1814
3v
80 H
34Vi
39Va
4H
143i
1 4 7 i
122 k
108
55 V
176
28V4
ii"
149
173V4
62
40
54 V.
64V4
18 Vs
18
3S
71
34
74
66
8214
117
46
35
80
33
39
48
143
146V148
121il21
I 49
17! 17
.37; 37
S3
83
46
107
41
55
131
89
106
49
81
97
101
107
91
55
176
28
100
11
149
173
52
40
66
68
71
18
75
176
35
79
33
39
48
143
7uVa
34 Vs
'.3
65
81
1 1 G V 11 6 4
46
140
23
54
117
122
25
68
34
39
64
180
142
38
130 V4
100
141
26
86
24
61
40
23
54
118
122
25
69
35
39
64
181
108
54
112
17
42
70
30
64
12
89
48
33
68
'110
55
112
18
45
70
31
S4
12
91
48
35
45' '
142
37
129
100
139Jl39
: 1
26
86
23
69
40
22
63
46
83
84
74
141
M8
129
100
38
97
87
26
85
23
60
39
63
22
63
U7
121
24
58
34
117
121
25
58
84
39 38
64 63
180 ISO
93
I 34
110 1107
64 I 54
112 V4'112
17 I 17
42; 43
69! 69
30! no
64 I 64
12 11
89 ( 90
48 47
33 I 33
I 68
44l 44
Money opened 2 per cent, hlirh 2
per cent, low 2 per cent, close 22
per cent, ruled 2 per cent.
News Gossip
of Finance
Portland Banks.
Clearings today $1,295,750.41
Year ago 874.605.16
Gain today .....$ 421.145.25
Balances today 154,300.68
Year ago 84,27637
Seattle Banks.
Clearings today $1,575,680
Balances today 180,968
Tuomt Banks.
Clearings today 857.013
Balances today 37,325
London, Dec. 7. Bank of England
rate is unchanged.
London, Dec 7. Consols for money
83 16-16; account, 84 3-16.
New York, Dec. 7. Bar silver, 4 8c
Mexican dollars, 46c.
London, Dec. 7 Bar silver, 22 3-16d
New York, Dec. 7. Government bonds
Date Ftlrl A.lftS
iwos, registered... 1930
do coupon 1920
Threes, registered.. 190S
do coupon 1908
Threes, small hnnd
Fours, registered... 1H25 120 i2l"
uu euupun ...... isza .121
Twos, Panama 102
do coupon ins
Fours, Philippine no
103
104
100
100
10"
104
101
101
Amal 83Newhouse
New York. Dec. 7 Metal Copper,
lake. 14Jf,Q'14"c; electrolytic, 14
14c; castings, 1414c. ,
Tin $29.4O29.70.
Lead $4.25 4.30.
BOSTON' COPPER MARKET.
(Furnished by Overbeck & Cooke Co.)
uueion, jjec. 1. -t.nnciai m,d prices:
. s
. 10
.85
8
. 58
.131
. 2H
. 60
. 96
. 24
. 18
. 18
.16
. 81
. 47
Government Wheat Report.
Washington, Dec 7. The flndr
lngs of the bureau of statistics
are:
Newly seeded area of winter
wheat Is estimated as S.C per
cent less than the revised acre
age In the fall of 1907, equiva
lent to a decrease of 1,7(2,000
acres and Indicating a total of
29,884,000 acres. The condition
of winter wheat on December 1
was 85.3 per cent, compared with
91.1 per cent a year ago, 94.1 per
cent In 1906 and a 10 years' aver
age of 92.2 per cent.
DUCK HUNTERS III
CLOSE
Steamer Columbia . Collides
With Ocean Vessel on
Way Home.
DEXSE FOG CAUSE
OF THE ACCIDENT
Nimrods Returning From Day's
Sport Narrowly Escape Having to
Float Ashore on Life Preservers
or in Tow of Trained Spaniels.
CHICAGO WHEAT MARKET.
Open. Close. Dec. 6. Loss.
Doc 106V4 104B 106VB 1
.May 110V4 108B 110 1
July 103 1014 103H 2
Chlcaao. Dec. 7. A report that prom
ises a crop of 439,000,000 bushels of
winter wheat compared with final crop
estimates of 4 87,000,000 bushels a year
ago was given out today by the bureau
or siausucs or me aeparuneni-ui agri
culture. The report was even more
bullish toward the growing crop than
even the more bearish had anticipated
and its effect upon the trade was not
in doubt for a single moment.
Nona of the trade had anticipated
such a large showing as made by to
dny's report of the government's statis
ticians arid selling pressure developed
In all markets at once. To some extent
the figures were forecast by Liverpool
for that market closed Vid below the
final figures of Saturday. This market
opened Vic lower all around and closed
1 to 2o under Saturday.
There was but one ray of bullishness
during the entire day. Cables from Liv
erpool stated that private advices from
Argentina said that the harvest there
was being Interfered with by rains.
Whether this will develop later into
something really bullish toward the
price the trade was unwilling to specu
dafe upon today.
Hange of Chicago wheat prices fur
nished by Overbeck 4 Cooke Co.:
WHEAT.
Open. High. Low. Close,
Dec 105 V 106i 104 304H
May 110V4 110 108 108B
July 103 103 101 101
COKN.
Deo 81 61 60 Vi 60
May 62 63 62 62 A
July 62 62 62 62A
OATS.
Dec 49 50 49 49
May 62 62 62 62
July 47 47 47 47
PORK.
Dec 1450
Jan 1600 1602 1580 1680B
May 1622 1627 1C07 1607
LARD.
Dec 910
Jan A17 922 915 915A
May 940 942 935 936A
RIBS.
Jan 830 832 822 822
May 855 857 845 847
Woodburn Hop Sales.
Woodburn. Or., Dec. 7. H. L. Bents
has purchased the following lots of hops
at from 6 to 5 cents per pound:
Bales
Dose & Co.
Albert Stone . .
William Fish ..
H. Kunze
Stanton Bros. .
Kilberg Bros. . .
Hochler Bros. .
Hayes & Dowd
O. A. Coon
W. Shauer
184
32
64
57
15
44
20
25
29
37
PORTLAND PRODUCE RECEIPTS
The Portland board of trade fur
niBhes the following list of produce ar
rivals from 11 a. m. Saturday until 11
a. m. today:
420 boxes apples, 10 boxes berries.
2 -cars bananas, 5 crates grapes, 3
crates cabbage. 47 sacks onion sets, 1
car potatoes. 367 sacks potatoes. 80
crates tomatoes, 17 sacks turnips, 1
cur vegetables, 62 boxes butter, 86
boxes eggs. 2 boxes cheese, 6654 gallons
cream. 1540 gallons milk, 44 boxes
clams. 14 boxes crabs, i boxes craw
fish, 115 boxes fish, 75 sacks oysters, 1
box frog legs.
SAX FRAXCISCO GRAIN MARKET
Adventure
Alloues ...
Arcadian . .
Bos. Cons.
Butte Coala
Cal. & Herla.675
Cal & Ariz... 119
Centennial
Cop. Mt. .
C. Ely ....
Daly West.
Franklyn .
uranby
9'- NiDDlssln
58fXo. Butte
95 IE. Butte , .
16i01d Dom.
26
3J
39
8
Osceola
Parrot .
Phoenix
Qulncy
Royale
Shannon
Green Can,
Oiroux
Mm.
Mich. . . , 14
Mohawk .,, -70
Miami ...... 12
Nev, 1J
. 10!Sup. & Pitts.
.-11fTrfnttr .....
.103 iTarharaek ..,
. llVtah Mln. ..
7
Spectacles $1 at Metrger'a
Ctslr .
Wolvertns
Winona ...... 6
Yukon . 4
u. s. 011 .... 19
Bay State O.. SS
-f - V
San Francisco, Dec. 7. Merchants'
exchange quotations:
Cash wheat Walla Walla white.
Jl.67; red Russian, tl.(3; turkey
red, J1.75; bluestem, $1.76.
Future wheat May $1.72 bid; De
cember, $1.66.
Cash barley Bright, $1.46; brewing,
$1.50.
Future barley May, $1.46 bid; $1.46
asked: December, $1.41 bid.
Mlllstuffa Bran. $29; middlings, $33;
shorts, $32.
Oats White, $1.76 per cental.
New York Cotton Market.
Jan. .
March
Mhv .
July .
Oct. .
Dec . .
Open.
.. 878
.. 881
.. 884
.. 879
, . 858
. . 820
High. 'Low.
881 870
881
886
880
858
920
871
878
872
850
907
Close.
871 73
87273
878(379
872073
86551
91314
Liverpool Wheat Market.
Liverpool, Dec. 7. Wheat closed V4d
lower. December, 8s d; March, 7s
d; May, 7s 9d.
TOM RICHARDSON
TAKES TRIP EAST
Manager Tom Richardson of the Com
mercial club left Saturday for Spokane
and the east. While he Is away he will
visit the national apple show at Spokane
and the commercial bodies of Winnipeg,
St. Paul, Minneapolis, St.' Joseph, Mo.,
and other places. He will be away
about two weeks.
Boy Sues Bakery.
In Judge Cleland's department of the
circuit courtt his morning a jury was
sworn to try the case of Philip Fischer
against the Butternut Bread company.
In which $750 damages are claimed for
injuries sustained by hlra In a collts
sion with a delivery wagon. The plain
tiff Is about 14 years old and Is sulnar
by his guardjan ad litem. S. A. Brandes.
He was riding a Dicycie at Third and
Salmon.. Streets when run down by the
wagon, and asserts that the accident
Was no fau't of his.
Sues for Notes' Amount.
C. A. Alisksr has begun suit In the
circuit court against William J. and
Georgia 8. Wllse, his wife,' to collect
$6468 alleged' to be due on two prom
issory 'notes amountlnsT-iO-.$7600 given
in March, 1J0S. . ' h
Returning to Portland last night from
the duck lakes along the Columbia riv
er and Willamette slough, some 160
hunters were thrown into sudden com
motion and a high state of excitement
when their steamer, the prbpellor boat
Columbia, crashed into the Portland
San Francisco liner. Homer, which at
the time had dropped anchor off fat.
.lohns. " . , ,
The colllsslon occurred at 9 o clock
during a dense fog. Fortunately the
Columbia struck the Homer a glancing
blow and so escaped serious injuries,
only a part of the starboard rail being
crashed in abaft the engine room, the
damages to the Homer also being nom
inal. But those on board the hunting
boat did not know the extent of the in
juries and so made a wild rush for
life boats and life preservers. Some
grabbed their bags of ducks, intending
to float ashore on them should the boat
have sunk under thair feet. Others re
lied on their trained water dogs to tow
them ashore. - .
The Columbia was in command of
Captain George Ooode and Herbert
Holman. one of the owners of the boat,
as chief engineer, with Fireman Burke
as assistant. But for the promptness
with which the signals were responded
to it Is said the collision would prob
ably have resulted in the sinking of
the Columbia in a few moments, and
the loss of several lives.
The Columbia was late coming up the
river and reached St. Johns while the
Homer, In command of Captain Dorrls
and a pilot, passed en route to Portland,
several hours late because of fogs on
the lower river. The weather at that
time was clear, according to the of
ficers of the Cpltimbta. but hardly, had
the boat pulled out from the St. Johns
landing before the river became over
hung with a fog so dense that It was
almost impossible to see a boat's length
ahead. It was supposed that the Homer
had continued cautiously on her way,
but instead her anchor had been
dropped as the fog fell and she was
drifting back on her anchor chain when
the Columbia approached. Captain
Ooode on the bridge of the Columbia
did not discern the Homer's stern until
within less than 60 feet and so. Instead
of trying to back, he ordered the en
gines full speed ahead, thinking thereby
to clear tho swinging stern of the
Homer. He succeeded in clearing the
forward part of the boat, but the stern
swung over and brought the Columbia's
starboard side up against the Homer.
The Impact was heavy enough to send
the Columbia on her port side until the
deck took water. This gave cause for
the greatest alarm, those on board
fearing the boat would capstan. But
she soon righted and Investigation
proved that no damage had been done
below the water line. j
Most of the hunters rode the balance
of the way with life preservers around
them, or within easy reach of the two
life boats on the upper deck.
"None of us saw the steamer until
within a few feet ahead, said one of
the hunters. In relating the details, "and
then It lnomed up like one of the big
Atlantic liners. To me the Homer
seemed like the Kaiser Wllhelm der
Orosse, and I thought the last chapter
of my career was ebout .to be enacted.
Evidently many formed the same opin
ion for simultaneously there was a wild
pcramble for preservers and the boats.
It took about a moment to clear the
cabin and I don't understand how the
fellows got out so quickly."
SEVERAL COASTERS ARRIVE
Oeorgo Elder and Eureka, are now
on the. way up the river and will reach
their respective docks late this evening.
The Breakwater, from Coos Bay; the
Homer, from Ban Francisco and t ha
Lansing from Port Oartford, were the
steamers that got here yesterday. Tha
Breakwater brought principally coal. .
6he reached Oak street dock at o'clock.
The Homer brought quite a quantity of
fenerai cargo from Ban, Francisco and
ha Lansing came up with a cargo of
Vll, 14IB ActUBiUg UUWtt CLKaU mil
morning.
The steamers that reached the river
today will be in the harbor late tooigtit,
the Senator at Ainsworth dock from
San Francisco; the Oeorga W, Elder,
from San Pedro and way ports, and the
Eureka, from Eureka and way ports, at
Martin's dock.
The steam schooners Tallac and R. D.
Inman are also in the river, the former
having reached Montgomery wharf No.
2 this morning to take wheat prepara
toryto loading lumber. Tha R. D. In
man went to Rainier for lumber. Both
are in from San .Francisco.
. CHARTERED FOR VHEAT .
British Steamer Strathnairn Will
Com Here From San Francisco.
The British tramp steamer Strath
nairn is reported chartered by Balfour,
Guthrie & Co. to come here from San
Francisco to load a cargo of wheat for
Europe. She will carry away about
6000 tons.
This Is the first charter reported for
wheat on this coast for several ways,
there having been a quiet spell of sev
eral days' duration. The Strathnairn
belongs to the Strath line,' many steam
ers of which have been here during tha
past three years. Among them were
the Strathord, gtrathenry, Strathblane
and Strathdale.
STEAMER GLENFAR43 FLOATED
Big Freighter Will Have to Be Re
paired in Drydock. r
Viotoria. B. C. Dec. 7. The British
steamer Glen far g, outbound from Van
couver to the orient, stranded yester
day In the Narrows, near Vancouver.
She was floated late! in the afternoon
and taken back to her 'wharf at Van
couver to discharge part of her cargo,
and will come to Esqulmalt to enter
the drydock for survey and repairs.
The Olenfarg is a vessel of 3647 tons
and Is 360 feet in length. She Is under
charter to the Canadian Pacific rail
way for freighting to the orient. She
was built In 1894 and was In the At
lantic trade for a number of years.
MARINE NOTES.
Fleet of Regular Boats and Lumber
Droghers Arrives.
A number of coasters reached port
during the past 48 hours from Califor
nia ports. Three of them, the Senator.
Astoria, Deo. T. Sailed at mlrtnlo-ht
mvaiuci Aiuaiiw, xor loos oay Ar
rived at 8:15 am. and left up,
steamer R. D. Inman, from San Fran
cisco. Arrived at 9 and left up at 10
a. m., steamer Nome City, from San
Francisco. Arrived at 9:18 a. m., steam
er Eureka, from Eureka and steamer
George W. Elder, from San Pedro and
way ports.
Ban Francisco, Dee. 7. Arrived at 6
a. m., steamer Roanoke, from Portland.
Astoria. Dee. 6. Arrived at 7 and
left up. at 8 a. m., steamer Breakwater,
from Coos bay. Arrived at 8 and left
up at 10 a m., steamer Tallac, from
San Francisco. Sailed at 10:46 a m ,
British ship Brodick Castle: at 10.-.55
a in., French bark Ville du Havre, for
Queenstown or Falmouth. Arrived
down at 7:30 p. m., steamer Nevadan.
San Francisco. Dec. 6. Arrived.
steamer Shoshone, from Portland. Ar
rived at 7:30 p. m., steamer Rose City,
from Portland.
Port Harford. Dec. 8. Arrived, steam
er Asuncion, from Portland.
Tuskar. Dec. 5. Fassert. Mritlsri
steamer Magdala, from Portland, for -United
Kingdom.
Yokohama. .Nov. 28. Arrived, ., Her
man steamer Nlcomedla, from Portland.
Astoria. Dec. 7. Condition at the
mouth of the river at 8 a. m., smooth;
wind southeast, 20 miles; weather,
cloudy.
Tides at Astoria Tuesday High wa
ter, 1:28 a. m., 7.2 feet; 0:47 p. m., 9.4
feet. IjOW water. cu a. m., a.u reel;
7:62 p. m., 1.1 feet.
ALONG THE WATERFRONT.
The steam schooner Carmel is load
ing wheat at Montgomery dock No.
2. She will take lumber for deckload.
The steamer Breakwater went to Da
vis street dock this morning to dis
charge a shipment of coal from Coos
Bay.
The British steamer Uganda is ex
pected to finish loading wheat and cloar
for Europe during the early part of
this week.
The Seamen's institute concert next
Wednesdpv night will be under the len
dershlp of George 8. Shepherd. The
program will contain a number of chan-
ties.
Eyes tested free at Metzger's.
MflllllllllinUIIIIinSGIBBEBKaiinBIIIIDIIBBIBBBIBil
H
! Real Estate I
H
I Department I
Owing to the accumulation of real properties placed with ' j
us through the Trust Department, it has been found neces- 2
sary to provide a Real iKtate Department. M
This department is in competent hands and will care for m
substantial properties only, and solely on a commission basis. JJ
Patronage is solicited both as to sales and rentals. u
Merchants Savings 1
& Trust Company
247 Washington Street Portland, Ore.
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PORTLAND OREGON
Our Invitation
This bank invites the accounts of all persons who use
discrimination in the selection of a bank through which
to transact' their banking business. We offer absolute
safety for funds, and our facilities are unexcelled.
Overbeck & Cooke Co.
Commission merchants, Slocks, Bonds. Cotton, Grain. 1.
216-2)7 &0 ARD OF TRADE BUILDING '
Mrmbers Chicago Board of Tnde, Correspondents of Logan & Bryan,
, - -; '-r;-ij.-r:- Chicago, "New York. Boston. : ; .
We bay the onfy private wire connecting Portland with the easterv
' ,.'....'' - exchanges. ; - '-y. ,lf -. -'. - .
MEMBERS PORTLAND BOARD OS TRADB. " '