t4
o
1 THE OREGON ' SUNDAY, JOlRNAlA ' PORTLAND, SUNDAY MORNING, AUGUST 10.1913.
BEARS DO MUCH I N J U RY TO PAG IFIG NORTHWEST WH EAT M EN
SKSBlEttJir
LIVESTOCK TRADE IS
BIG MONEY IN LOGANBERRY CULTURE
: W PRICES HERE FRUIT ME AVAILABLE
BUT FAIL TO CONNECT FOR LOCAL PRODUCERS
FOR flAf: ARE SLIGHT M IN THE- YARDS
Market la Bearish but Growers Re-1 Best Season for Values in Many
New York Market Very Slow" With! Slarket at North Portland Is' Weak
- fuse to Sell at. Figures Named;
Years Is Promised for Present
Crop; Practically All Lines In
cluded in the demand.
little Meaning to Fluctuations;
for Practically All Offerings and
Price r Buffers-Cattle -la Greater
Than Waa Expected at First, '
' HnnnllM : SnM tn Jinan at. Hiffh I
Situation In Mexico Attract : At
Jr - x i
Prices Do Not Help Producers.
tention in the Trade.
EXCELLENT PRICES FOR
STOCK PRICES DROP AT'J
; OPENING BUT CHANGES
VERY BEARISH DURING
y11" "m in in 1 1 1 1 in I', ii' i H m i ii . in i j .1 1' 1,1 ..j . ' """J. ' '''! " ' 't. J- ' :
Awry1' MWW rW v h Xwj(y)wAwji,W'V'W Vl'','I',IP,IS;",'l",,w?"J
By Hyman H. Cohen.
On all sides good prices are being of
v-' 1 - By Hyman H. Cohen.
There ia not the slightest legitimate
excuse for most of the present bearish-1 ered for frult Jt Ja .afe t0 Bay at thi
"wTaVess at Thi." timeTs Sue prlnci- time that Oregon producer, of fruit as
tmuy . to tns lact mat some inier;sii i a, wnuie wiu receive oeuer prices ior
Lave-sold short and are doing all in j their product this season than during
p'reSeTtVsuch Sure that they can vlous year. At this time the
fcalelv cover with handsome profits to I trade is paying raucfi attention to the
themselves, pear market. The coast crop of Bart-
i' This bearishness is not due to tlielletts was below the average, although
fact that -wheat buyers have sold at ex- me output or uregon is quite gooa,
tremelv low Prices, ior such is not tne I vaiuee nave aarancea zoo a ooi wiinn
t-ase. They have sold the product . at I a short time and the prospects for con
price that wut easily auow mem 10
pay from 79o to 8oo a bushel for club
-wneat ax tiaewaier uuu oia&e verj
liberal profit.
tinued strength are rood.
Prune values are uniformly eood both
in California and at Pacific northwest
points. Values have recently shown an
crop that will be produced In Callfornt
tnis season. This has naa a very
stimulating effect upon values at Wll
V Short selling is one of the curses of j upward tendency owing to the smaller
the : wheat business - as tn otner lines.
" The. Wan -who sells a product before lie
Vri'. it tnvarlnrtlv artu aa a. bnjir a&ralniit
saluea and ia this way producers are lamette valley points.- Much activity
not able to secure what their product has been shown in the local prune trade
is really worth. While It IB true tnat I recently, uraer, irura aoruau are era-
ones in. awhile short sellers pay dearly ng .forward l-freely and there la every
: for their advance sales, still the bur- likelihood at this time that the Amerl-
.den. as a rule, is upon the producer. can demand for Oregon Italians will
.7. nK. th uiwhtut iiiu fur I break all previous records.
short selling outside of greed. Ever I ..Oregon peach growers will find, from
ciop that is sold short Is manipulated I an present inaieations. tne best .aemana
, by the sellers so that the producer can- for Beveral years this season for their
l i ..i hu noiiir hiinnn tn Vnm I late varieties. California has a short
IThatr short' selling is all wrong iB-now orP J Peaches this season and already
me opinion '01 ft large per cent 01 in "J ""'""
irixle . .-. - . . terests to secure contracts on the
. There are various methods by which peaches of southern-Oregon. The state a
fchort sellers beat down the market price peach crop this season indicates a nor-
o that they can cover. The principal ma output, therefore total values will
one is to offer supplies rather freely Db1e,ttr- , , . , .
to foreign interests. This -Invarlablj This promises to be a real harvest
stops either the buying or brings down 'or Oregon. Washington and Idaho
,jne price. . men tne won 01 u anorii .no ' " " , " v'S,
allr is easily accomplished. crop was one of the most disappointing
-While the American government re- in years and prices have been and are
"port ot the total crop or wheat this year unu,'f wun uipimri un-
-w a rather bearish feature in the I "-bl to Bupply the demand. The local
trade during . the week, such a report
ayas not unexpected. The government
forecasted' a combined production of
feprlngr and winter wneat or 4,uuu,ouo
Jiushels of' - wheat or just 4,000,000
lMisliel less 'than the greatest' crop of
vheaf ' produced in the country. . The
.latter -was m
crop is now besinnlna: to move and is
meeting with practically no opposition.
The same is true as regards the out
put of watermelons in the state this
season. Indications point to a fair
yield with a much better demand from
the market than normal.
Apple market conditions promise to
? This ireport of tne goverhmeht is notmke up for any deficiency In the de-
neariy as oearisa. as ixrst glance wouio ' "" 'y
-tndlcttte. Much can happen to the crop shortage apparent at all points in the
.Uefore it ' is safely garnered and as a country, strong efforts are being made
-rule, .many things do happen. The big t0, Purchase supplies. In fact early
estimate can therefore be safely taken tot, for?Ln Plnt r tully 100 Per
with a gram or sail. -I . j nau u iuq uo-
J The price of wheat this season wi'l I mand is somewhat like that shown a few
f V . . . .. . I vaa Vat n ss j
aepena mucn upon wnat crops Argen-i --
ftina. Kussia ana inaia win put lortn.
Ali the world is waiting to get more
Mermite ideas regaroing tneir crops and
iuntu they: are secured, it is hot likely
jtnai mucn pusiness'wui result.
; The coarse grain market was inactive
jquring tne ween, .in ere was scarcely
..sufficient business passing in either
'oats or barley to make definite quota-
WOOL MART MORE ACTIVE
Boston. Mass.. Aua. 9. Mora lnonlrv
'tious'ahd they are namlnally continued 1 has developed in the wool market dur-
ix tne same ranite as a weea aao.
I'.-Weakness has developed in the hav
trade owing to the abundance of offer-1 for light weight goods following the re
ngs, First prices were unusually high I cent openings by leading mills. Total
and there was very little likelihood, receipts are estimated at, fully i.OOO.OOt)
even at tnat time, tnat tney . would boipounas, tne ousiness Deing well distrlb
Continued for more than a , nominal utea among tne leading houses and cov
period. With' offerings noW'Very heavy, I -ering most of the desirable grades.
me maraet is ue(iuiiiu( io nag neaviiy I it t uncninieo,
.nrt nrlrpa or lower. Howntr. t hait I JiauiaatlOn or holdlns-a vhrvr a
Jre higher than normal at this time of I profit is shown is the policy in favor
.the season.. - i ana some transrers. it is said, have
i Ho business of , importance passed in I heen made at a very small margin.
ithm nnart flour market durinr I Holders here See a Possibility of tilirh.r
jbuyer and its 'wants were very limited. jet no-attempt to force more money
A -ctV,
" By Benjamin B. Bryan.
PORTLAND " LIVESTOCK t RUN.
Nsw.Tork, Aug. S.The stock market r,.K.enalI1--5iA Calves.ahsep,
durinr th.iftr.vi hour ,reced.4 , in: a Au SJ
iaiaueijrH manner on. a relatively iignt i ..assna - ivs : Z33 '
Volume of sales but towards tha close JSiJ "ri :i 117? ' lit
harden. , tU,..u 1 ViSL ?!? H 1173 - JSS
hardened;, somewhat. , though fluctua
tions as ' a Whole are meanlneless and
failed t(;i dsnote any ; particular trend,
ine. decrease In, ths unfilled orders
steel corporation was about in keep-
820J
7108
8203
4266
7127
year ago ,aJ4l-f 'rVi'. 4
I, years fo:.,,xl886 ,t UilJiai -
By Hyman H. Cohen.'
Sharp losses were forced in practical.
Q. .W. Stnrgis' loganberry yard of
3tt acres at Brooks, which will
net him $700. The lower picture
is a camp scene of loganberry
pickers.
Brooks. Or.. Aug. 9. This week will
practically end the loganberry harvest
In this section, and despite the lower
price paid to growers the figures will
be in excess of those last year owing
to the increased acreasa and ideal
weather conditions that have produced
a large crop. O. W. Sturgis of Brooks
will clear $700 from a small patch of
yard of 16 acres will bring close to
4200, the output being in the vicinity
tf 60 tons, for which the canneries have
paid 870 per ton. The operating ex
penses will reduce these figures some
what, as about 60 people have been em
ployed at picking for the season of five
weeks.
The Balem Fruit union has rented
many of the driers throughout the coun
try where the output from small yards
is cared for, the canneries taking the
surplus not ' In demand by the fresh
fruit trade.
't
f r 'i
ALL MONEY MARKETS SHOW IMPROVEMENT
lng .With expectations and exerted nollv every line of llvnatnMr xrr,v,
parucular influence. Today's reports arin- h wir Bi7,. , "
suggested - that, the agricultural com- lanf, aw"n tft Situation in tha
ntodity markete .mv h l.mnnr.riiv I cattle trade - was - unusually haarimh.
relieved Of that aitrain whlrh had h..n I Vlllora inn ilttha n .t.w -1 iij '.'?
fiirt-pVraJSr rro never, wssrled of their job, ,M.
owing to the fact that nin. .r. nn Keal good steers sold down to 17.60 flur. : '
; predicted in quarters of the belt where lng th week and this about represented
few.veV?ri.b asrhSn pi.oiaa:;
.;. will hava much to do with deter- top. . . f ., .. . - .r-,;.'',
mining, me course or the stocK market Tnere.wers to be sorersome saler of i v V
during August though perhaps av factor steers at 18.60 and down to-88, but -the r
which at present seems likely to over- amount, . that went at this figure was 1
shadow other considerations, is the Just about sufficient to give meat in-
stastus of affairs in Mexico whera con- terests a chance to hold the price of '
ditions seem to be reaching a point the dressed product at old prices. This
Where occurrences are llkelv tn hi nt a seemed la ha ahnnt tha nnlv aann- hv
i " iiwun iinwicmi maraets, i eyon a nominal amount or st ocx went
. J" persistent strength of tha market at the rormer high mark, General con-
I during the Dast week haa rraatlv an. I dltinna war aiwh that 'nnlv
couraged the element committed to thelprites were allowed to rule for the bullc
side of theadvancln prices, but still of the stuff. " "
the lack Of an aasrreaaiva niitMa In. I ThtM li nnw hnf 1IHU ilMiht !..
quiry is now being commented upon as will affect the price of tha dressed pro
it is realised that shorts have been the duct notwithstanding tha few sales St
mainstay of the current movement and old prices. Some, of the leading Xtlfers
that a new class of buyers will most of the Northwest are becoming? fright-
be essential to tha uim. tn fnrth.1 ened at tha ntnni'iAm...r i- .14.
rise. There Is no use denying the fact trade, therefore will llkety shade beef
that sentiment has Improved greatly and values within the coming week. As a
that fundamental conditions on the rule cattle market conditions were
whole appear satisfactory; also the ac- steady In the east, although soma
tlon Of the srovernmant In nrnnnalna- .i weakneaa anil unn nraaaura- a
deposit funds in order to facilitate the shown at the start of tha week at Kan
crop movement is favorable from an lm- sas City.
moi'.a.te.ylcwp11 Today's general cattle market range:
Still tha exlatlnr . laval nt aii4l iranrvyatanra . . . ;iQiua
Prices appears to measure in great part I Medium steers 7.607.75
oiine loregoing wnen it la con- urainary steers l.OOi
eiuercu mat tne real investor has so I f ancy cows ana neirers.
far failed to display a keen disposition I Medium eows
110 exenange liquid capital for obliga-1 ordinary cows 9.504
tions of fixed maturities which maana I Fancy calves omJ
that the investments markets so far! Ordinary calves 8iO0
enjoyea tne same ravor as I awins prloss Are Xadnoad.
te stock market Although .win. rSZTZi, i..
J'1
Situation Both at Home and Abroad Is Better, Writes Henry Clews, Noted New York Banker; Period of
, Intrenchment Considered Highly Beneficial to General Situation. "
Ran are of N. T. nrli furntafcal kv
Overbeck A Cooke Co., 216-217 Board of
'UUI OlOg.l
OE8CH1PTION
I'h. fMlffh. - rata ' mtaaMnn la atill tha
viominating xeature. or tne trade and
"until it la more generally settled, orders
from abroad are not likely to become
extensive. 1 ....
" WHKAT Nominal producers - prices,
'track basis! Club; 787c: milling
'bluestem,. 8283c; Turkey red, 8081c;
' -forty fold, 80c; Red Btfsslan and hy
.brids, 70ffl77c: Valley, 80o bushel.
J BARLEY Nominal producers' prices,
4track? basis. - Fped. 2S23,60; brewing
tit; rolled, $26 a ton.
OATS New feed, 825; milling 926.50
Iper ton,
f KLotiR Selang price: Patent, 84.70;
Willamette valley. 84.70- local. 'straight,
-iJ.64.10; export, $3.668.65; bakers,
JJ4.504.70. '
1 HAx Producers' prices: Willamette
valley - timothy, fancy, 814; ordinary,
.81816; eastern Oregon-Idaho fancy
Jtimothy. 1718i-alfalfa, 813 14; vetch
and oats. 810 H; clover, I89 per ton
J MILLSTUKFS Selling prices: Bran,
3824? middlings, $31.60; shorts. $26 per
Iton. .
. GRAIN BAGS No. 1 Calcutta, 9c
, jloC. -.. .
1 PORTLANib JOBBINQ PBICES
f. ': ,
J "jThete price are Umk at whlei wboleiilcra
, all to retailer, except aa otherwise titei-
2 BUTTER Nominal. Cremery enbea 32c
tats creamerr, 81t(il2c lb; ranch batter 22- '
. EGOii NomlnaJ. taudled total eitraVTssia
WVIS ruti,TKT Hena Uc; brolleri 9i
v.. V. .1 .
1 j.V Hapa, Wool and Hidaa.
' 2 . H0P8 Producera" price. 1812, 18uc- iota
eHtrcta, 20c. 54 ' wl
J -'WOOU-Nominal. 181S clip. WlUamette y.l
Jle, ooarae. Cot.wold. Ittc lb:; medium
Jablre, 17e; choice focr lot., isc lb .
. . JOrefon 10ai6c, according to abriukaite
r:CtUTTlM OB CASCAKA BAUK-ma car
, Jiotn, 6e; lea tban cir luU. 4c T
J k HIDK8 Dry bide. 2122c lb.: ereen. lie.
- aealled aide, llo; bulla, green alt; 8c: kili
- KlBe; cite, dry, 2.Ka23c; calk ailnV afiffi
r Jor (nen. 17ac; reen11id. lc le" tbin ..1
Jed; abeep pelts, salted, ebearluge, iuqus; &tf.
i ..U0BAIB 1913 Nominal 30232c
truita ud Vageteblea.
from unwilllntr muiufutnnn ! anio.
ipated. Quick turn over and small prof
its seems to be tha watchword for the
tuiiem campaign.
While no determined effort on the
part of the manufacturers to peg the
price of wool at any particular point is
evident values are slowly crystallysing,
in the recent light weight options, hav
ing done much to draw the line of de
marcation beyond which they hesitate
to go. Dealers recognise that the season
is a difficult one for all concerned and
are not trying to squeese out another
fraction by holding. Much of the ter
ritorial wool arriving from the west is
being turned over in the original bags.
On this basis manufacturers show a
great deal of Interest.
18c.
LARD
10c.
itii' rRBHH -FUUITS-Orangea ll.35i33.00
I saua, 4S5c per lb : lemcu,, 8SSoO; hJS
jlltf p-r lift grapefruit. CHlfornK.ri5.5o; plnjl
a,..
6cili.25; aprlcota ?Jk.I1: chTrri.
Jwatermelona, 2c.
. J BEUK1E3 Oooacnerrlea. 2Q3c; raipberrloe ti
$lti.2a Per crate; blck capi. $1.50: currautV
' ;1.25; Loganberriea, 1.00; blacktwrrlp, ii
, i$ssr -" .
' 4 . VaX!ETABUJ8 Tnrnlpa. 15c: beet.' is- D-w
. 'Jfiarrota loe doaen bmu-brs- annliw. $1 50 "VaVk"
;ubbage, f2.0t; California tomatic, si Zo
- jatrlny lea. 28c Ib.j green onion..
Per Ixii
12 He do.
tmncbea; pepper, bell. 10c; bead lettsce 25c
do.; celery, 1.00; egg plant, SQloe; cauU
flower. 8L20Q1.25 do.; rhubarb, ioc.l, 2 He
art lent ke. 75c dot.; aprouts, lOe lb.; aplnach
loeal,ac lb.; peaa, 6j7e; green corn. $i.50y
' POIATOES-Sellliig price: Extra cbolca
61.25; choice, 61.15; ordinary, 81.10 Mek; bar!
lug prlca, carloads, 7ftctj$l cooutry polatl
aweeta, to per lb. '
ONIONS-Jobblng price, $1.C01.75; garUc,
Haata, Fish sad Trorliloa,
DRESSKU MEATS Selling price Oonntrr
Willed: Hog, fancy, 12Vc; ordinary, ItWllHc'
rough and beayy, 0c; fancy yeala, U&lsZe'
ordinary 16c: poor, ll)12c; lambt, 10c; outtoi
lOe; goata, 84c. - ",
11AMS. BACON, BTO-Hama, Sl(t28c
breakfast bacon, 17M030c; boiled sam. Sue'
plculv. 12Hc; cottage. 18 e; picnic. 12 2c:
cottage. ISiic.
MKAT8 l'acklng bouse 8teer. Ko. 1 atock
13(&14c; cowa, Ko. 1 atock (-); ,wi, ni'
wetbera, 12c; yearling lambs, 15c; pork lout.
Tierces, 13fcc; rompoond Uarcea,
OxSTEBS Sboalwater bay, per gallon f 1
per 100 lb. Mek ); Olympi. 'per gilloi'
13.25; per 100 lb. .ck. 85; iaanedT e?ate?S
2 per 100; raaor clam.. g2(2.25 box.
riBH Nominal. Dreued flounder, 7c; bait-
' oci:, anivru uM, aic; cninook aalmon
12c; ateelbeada, 11c lb.: aolea. 7c lb.; starlmui!
12Hc; perch, 8c lb.; lobsters. 30c ib.j VuVk
auiru, Ot , iuiil ap; hlark (wl
Orocarlw,
ouiian Luije, u w: Dowaered. M TU.
, we;, rw, uwi, ao.oo; ary granulated
85.56; D yellow, 64.85. (AboVe U0Um, ar.
m aaja nei caso.)
iviv.iv japan .iyie no. 1, OHBSVe: Ma a
HONEY New. $2.75 per case? '
BliAf.8-8m.il white, 8c; large whlta
514c ' " " wraoia,
BALT-Coaree, half grounda. 100a. 810 m
ton; 50a, 10.75; table d.lry, 60., ,S
617.6c; bale. 62.25; extra floe IwrVela. 2a to
w. "uuip roc, azv.oo pee ton
Paint. Coal OIL Sta.
LINSEED OIL Kaw, bbla.. 58c nr gal.: ket-
(,-. a wlc b1 s8lW "aaa fJir
boiled case. Bttc g.llon; lou of 260 gallon'
3c leaa; oil cake uiral, 644 per ton. '
WHITE LEAD Ton lot. sTperlb.! 600 lb.
lot. He per lb.; la, lot., SVj-e per lb.
OIL MEAL Carkd lota, lfl4.
TUEPBNTINE-In cawa. 7V; wood barrela.
70c; iron barrela. boc per g.Uon; lHaiaToU.
Tha recent weakness of S per cent
srovernment bonds has attracted much
attention. Of course, these bonds sell
at- their present price largely because
of their circulation privilege. British
consols 1 per cents, which sell on an
Investment basis only, are quoted about
7 Tn rianriva our 2 rer centa of their
circulation rights without some form of
compensation, redemption or refunding
on the part or tne government wouiu
be an act of bad faith of which the
American public would certainly not
approve. In this connection x wien to
reiterate mt proposal nui mP
in these advices as a solution of the
currency, problem In case congress falls
to agree on a reform measure.
All the money markets of the world,
thoaa at home equally with those
arrna. ahnwr ImnrOTemenl and an eas
ier tendency. This must be attributed
a nntvaraal atranartheninr of banking
conditions by tne enrorcea coniracuuu
of loans. Tns latter was an unwel
come process, involving a world wida
slowing down of business activities, a
fall in values of both commodities and
securities, and a very pronounced check
upon new enterpries and new applica
tions tor capital. It Is now thoroughly
recognised tnat, as pointed out in these
advices weeks ago. the chief source of
trouble has been the Balkan war. The
cost and the losses of this bitter strug-
rlo are estimated to have been over
1.200,000,000, which fell upon money
markets already exhausted by an undue
expansion of credit and an enormous
demand for new capital. The period
of retrenchment thua enforced haa
proved highly beneficial; and now that
the main source of strain the Balkan
war is over, conservative recuperation
should be tha Inevitable sequence, and
may prove even more rapid than ex
pected or. desired; if unfavorable cir
cumstances do not intervene. The con
tinued belligerency of the various con
testants is having one good effect; it
is wearying European bankers of fi
nancing such petty warfare.
It Is exceedingly satisfactory to note
that the United States is exhibiting
greater recuperative tendencies than
any other commercial nation. This Is
but natural. Our losses from the war
were strictly Indirect, Instead of rev
eling in a trade boom such as England
and German1 have enjoyed for the last
four or fivs years, we have pursued
with some degree of restlessness a pol
icy of extreme conservatism, especially
the last two years at least, which disap
pointing as it may have been for the
time being, haa left the American busi
ness situation exceptionally sound As
a result we have passed through tha re
cent financial strain unsuccessfully, and
find ourselves really strengthened by
the ordeal.
There is no exaggeration in saying
that so far as Intrinsic business condi
tions are concerned, American affairs
have not in years been in a better posi
tion for responding to a fresh forward
movement Witness the extraordinary
ia,.l.... n
report of the United State Steel corpor- Ara C? Fdy., e.-
aiikjn, aiways a iair Darometer or trade I American tan, c
conditions; also the continued liberal A??l!S? 90.ti?n 0,L e
earnings of our. railroads proving that I African pSelt. i""::,
"aa vwtsn no important recession I am. xei. m Tel......
in traffic; also the satisfactory rertorta I ateniaos, c
issued from time to time by many of k?:-y T'",r
our lar irtrluatrloi ..t.ui. ,. I Brooklyn jupld Transit.
- uuuiura, i uanaaian racmc. c.
The most Important element in our I Central Leather, e
favor is the oroaoect of a flna hirvut I Chi. u. W., pf...
As USUal. thera nra Mmnl.lni. I Vl., MJlwatike Bt. Pj
Jury but these are generally local and I Oie.apeakiV 'ba'to. '.
uui ui a serious nature, ir present pros- uoioraao r. i., ....
pectsare realised, we may harvest a S0 Prodocta, c.......
bumper crop of over 8,000,000.000 bush- Erit. ...... ,.
els of corn; also a bumper crop of Erie! let "it'..
wheat, or about 760,000,000 bushels; also I G- Northern, ore lands,
the second largest yield of 'cotton. 19: Northern, pf
amounting to over !4 000.000 balea Aug- ,Ur.MMtroUtV'pf:
ust Is usually a month of deterioration I K. 0. Seatnarn.T;.....
for corn and cotton, so that no alarm I iisvllis 4t Nashville.
neea do reit at any moderate injury. But Su-ourl K. a V nf ""
the growing season la ranidlv r-achtne- -.iL' pr-
Its end; conditions are generally above I New York Central ...
the average, and making allowance for I Norfolk Wetern. e
customary deterioration, , we are almost PyWaiu? BaUwa'
sure to see a harvest considerably above Raycna7 Copper.
the average. It is unnecessary to dwell I Beading, c
upon this as a telling factor in our oon-1 5P"bijc Iron Steel, e
tinued prosperity. Tha only drawbacks Tl. is t
worth conslderlnr are the tariff hm I Sl'..rl o-.Vil
. . . owituniu CM.-UJ1, c....
which has been well discounted and will I Southern Railway, e
soon be passed; and the currency bill. I ?tnerJ Hallway, pf...
fca uKan;a
(Continued on following page.)
33
44
S2U
.5
8
2154
2HH
108?4
55'
ft
sa
88 tt
Ul4
113
19U
1684
S4H
2
84
7S
CUTTING SOME FIGURE THIS YEAR!
EvIEW OF FRON
T STREET PRODUCE TRADE
There wss a very quiet tone in the
jagg trarket during the week and In
-Vnfal prices are about . a v half cent
tU ' .v. .
' " Butter market was strong all week
tt the-advance pf 2c a pound quoted
Hit tha Start. There , has been a notice
able decrease , in the output, and east,
art) butter of first class quality is out
yt tha question., v ;.; , ,,.v .:
3 Chicken market suffered the loss of
about during; the weele but there
'M a very fair tone ruling for ducks,
iie first (hat has .been shown In .this
tin for months. .
','v,f?, ',;;,..,,( tfrx' :
J Country'ynaat'prlces'were fractionally
jraslr-during the week although little
liHtige :Wis made in quotations. The
rtrrn price of veal 'was J8c, but this
as not ot)tlned( generally, yhs lower
Phic for 5088 ,n Tn '"atockyards hurt
the dressed meattrade somewhat
m?.1ly a .very "mall amount of first
class potatoes is srrlvlng in the local
buy'eV5.1 wTiVU6?6 are vjny fltiSSg
f. " IHnK to pay 81 per cental to
F8r.mai;r.r,zVaock iB not ted-
.
ii.mh?Uent demn" showing for Co
lumbla river canned salmon, but al
rJfy. buyers are heavily Tversold and
Thi LaffW""1 to deliver pro-rata
Jh market for sockeyes has not vit
ul"". '.but will be helped some whit
by the shortage Of chinooks,
lyTtsSni!'!!:!!14 thlg Um '
fore VoId?nI?.??..ni pr,ce there
Vi 5 A".nBry-. The call is
. , e w-7i AUrfuQS till l)
.'am mi. fimM
, J fi.J UKHZVnVlTM
I U i I ML . UtbU CT ' . 'V IFl a
Union Pacific, c...
V. 8. Rubber, pf....
U. 8. Steel Co., e..
Utah Copper
Virginia Chemical .
Wabaah, e
Wabaah, pf.
Total sales 78,000 snares
89
29
108
40
82
106 V.
us
19 H
158 V,
24
824
102
104
OS
I out.
12H
45 U
82
reduced at North Portland during tha
week, the local market ia still paying a
much hlaher fla-U re for annnllaa tSmn
any other market in the entire country.
typeniHtaa i Low Bid . Toward the closing of ths week values
I 7l 72 I 71H 714 dro,p?ed 9:66.0 for top offerings.
mat me eastern markets were again
rising gave North Portland fra i.rnm.
R2tj. I ary hint to dron: condltlnna h.r. uhm.
0444 I ally belns- at variance with thna .hnw.
12 I at pointa eaat of tha Rockies.
Present indications point to a fairly
steady market for swine at North Port
land. Killers are so bearish in their
views that they do not care to take
hold at all. Even lower prices do not
seem to attract them because their feed
lotS arS Well filled, and their can talra
cars of additional supplies only at
heavy expense, which they do not con
sider Justifies them in buying a further
surplus at tha moment ' '
The mutton trade seema tn hava
4614 I fallen in a rut at practically all Ameri
can centers, mverywnere mere Is a lack
of snap to the trade and practically at
all points values are extremely bearish.
Conditions In the east are practically no
better than here; In fact the fluctuations
downward there are even mora severe '
man at xonn r-oruana.
Today's general sheep prices:
Lambs, best ;
Lambs, ordinary
Wethers, best
Wethers, ordinary J.I
uwes, oest. ....
Ewes, ordinary
Extra fancy 89.68 .Bn
Ordinary light 8.80
Fancv heavy i f.8J9.40
sow
16144
10414
1
60
26
6bU
110
113
ie4
15?
8
78
80
161
10414
Si
50
8?l 1.3
Money and Exchange.
London. Aur. 8. Consols 73 fad: all.
ver 27 8-lSd; bank rats per cant
Aug.
83 if;
8. Sterling ex
short 4.87; silver
New York.
change, long 4.
bullion B.
San Francisco. Aug. 8. Sterling ex-
ehanaa. 0 davs 4.824: stoht 4881:
doc. 4.81: transfers telegraphic, 6 per
cent premium; sight 8 per cent premium.
8.80
5.60
4.00
3.7K
8.60
8.00
Rough and heavy
Xeaday Morning gaits.
STEERS.
section No.
8.00
26
ns
IMIM TS
, 27
COWS.
22
a
BULLS.
1
HOGS.
84
New York Cotton Market.
Open. High. Low. Closs.
10V7 1081 1088084
1106 J093 10S94
1106 1097 1097098
1175 1167 1167059
1128 1117 1117018
1113 1096 109798
1107 1092 1094098
January, ....1096
March ......1104
May ...'....1105
August 1375
September ..1123
October ....1118
December. ..1105
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oree-on
Oregon
Oregon
Oregon
Idaho ,
un .......
Ore goo ,..,...,..
Oreaon
A, lbs.
1208
1110
1130
H- '.
1027
1240 ;
18S '
304
1T8 ..
301
148
173
17t
440
878
884 '
360
Section.
Oregon I
Oregon .
Idaho ..
Idaho
Oregon
Oregon
Idaho
Idaho
88
37
00
,. ia
.... 1
8
6
Xoaflay Af tsraeoa alss.
BU
No. Av. lbs.
1 1B80
1 1530
1 1470
1 1830
1 1000
3 - 1410
3 1410
1 1450
.................
Price.
88.50
8.2
T.75
.''V.7S
84.78
88.75
8.75
.T5
8.75
B.AO
8.l
8.60
, 8.78
880
" 8.60
...:m 1 1
Price.
85.78
8.00
6.00.
6.00
. 5.00
4.2S
4.25
4.00
(Continued on. following page.),..
WORLD'S HOP TRADE SHOWS EXTRi
r
Extreme strength Is showing In the
hon trade. Efforts of short sellers to
hit the market -have proven unavail
ing. At 80o quite a few growers were
arllllnir An hiialnafla for 1 "hlla but
when shorts began to talk lower values
the former decided that perhaps a 25c
market would suit them better after
all. , ' . ... -
Tha fact of the matter is that there
haa been aulte a liberal amount of bust.
ness available of late for hops at 20o
a pound net to grower, but' these facts
were not allowed to become publlo if
short sellers could help it.
Every effort is being made to con
fuse the minds of producers by sending
out reports or Digger crops tnan ex
pected abroad. The situation In foreign
countries is still as bullish as ever
and no change has been shown during
recent days..,. - '
Locally and in fact at most points
except California, most of -ths crop is
still to ba made. Considering the fact
that many farms have been, burned by
extreme hot weather It is likely that
some cut In the production will be
shown from what had been expected,
At the present writing the , prospects
are that the crop of Oregon., will be
about ths same as a year ago.
NORT1TWE8T BANK STATEMENT
Portland Banks. '
Tula week. Tear ago.
1.81,415.014.48 3M2M82 00
1,690.108.43 v 1,688.617.74
1.72S.01B.1S l.TM.198.82
Clearings-
Saturday .
Friday . , .
Thnraday , ,i,72S,uio.)s i.toi.ius.s?
Wedneday ....... n 1.014.908.81 1.601.4N1.24
Tuesday ....i....... 1,784,808.23 8,014.094.85
Monday ........ 2,245,500.21 1,860.085.12
Weekl V.310.724.8e2.75 10,842,808.97
Clearings
Balance
Seattle
.81.782.402.00
. -135.624.00
WANTED ,
1000 OLD ROOSTER3
At 114) par ponsd spot cash, -
J. SAVINAR & CO.
Mala 8488.
103 TBOBTT 8JT.
KaCWJTORKJITOCK SXCRAMOS
: KBW TORK COTTON BXCHANQ1 .
CHICAGO BOARD OB TRADB
1HB STOCK AND BOND KXCilANCfl
. . BAN FRANCISCO
POBTL4ND OFFICB .X-,
e oak BV Oreasi rioos, Ssirla aUd
hoaes asarshall 4100. MliT
f" .,A';;'-''RANSPORTATION-':?
saastaraaiiaaaaa, - t - , r -, gyg '
COOS BAYLINE v
Steamer Breakwater : w
" Balls ifroao Alnsworth Dock, Portland, 8 s.':,.
m. Aur. 8. 18. 18. S3, 28, Sept. 2, T. 12. IT". 22. ',
29. ' Freight received until 6 p. m., except day -previous
to calling; preTlona day, 8 p. m. Pat......
enger fare flrat claaa 10, aeoond elaaa IT.
Includlna berth and- meala. Ticket nfflea
Lower Alnawortk Dock. , Portland Oooa Bay .
SteaoKhlp Lln,'La .. aeatlng. Agent. , Mais . '
".UJ'Rfcasl STKAllaULffJ jrOB
Sah Francisco and LosAngele
a. Boss City flails a. m. August 10.
S. Beevss Hsus a. m.. August 15,
Tha Saa rrascisoo si Portland . a. Co.
Tlekst Offios SA and Wash, (with O.-W.'
a a i.v, awaaau mtfwv, .
St:
1 I