IX THE MORNING OKEG0NIAN, THURSDAY, FEBRUARY 28, 1901. GOMMERGIAL AND FINANCIAL NEWS "With the wheat market as flat as a flounder, and wool unsalable at anything like the prices expected by growers, the shortest month of the year is drifting out to slow music. "Warehouse receipts on both of these commodities are still as good as the regular coin of the realm, but holders buy with caution so long as they are carrying the product of their flocks and llelds without an accumulating gain in value. Potatoes and onions have helped matters some in the country near by Portland, the former advancing fully 10 cents per cental, while onions are soar ing up near to record figures. In smaller products there is considerable firmness in poultry, veal and pork, all of which are selling at the best prices of the season. The egg market has held around 14 cents for nearly a week, and for anything that is sold Tn this city, this figure is still ob tainable in small lots, as it permits the retailer to sell at 13 cents. For shipping to outside points, however, a concession of from M to 1 cent per dozen is made. OrVgon apples are still in 'good supply, and for fancy stock good prices are real ized. The grocery markets are steady, with no changes in prices. Flour is weak in sympathy with wheat, but oats and barley are steady at quotations. "WHEAT The greater part of the wheat that has changed hands during the past week has been sold to millers, and as even the demands of the latter are very moderate on account of the demoralized flour trade In the Orient, the business is on a restricted scale. The prices war ranted by the European markets are not sufficiently attractive to induce holders to let go, unless they are so situated that they must sell, for whatever is offered. A choice grade of "Walla "Walla for milling will command better than 56 cents, but for export no one will quote over 53V4 cents. The freight situation remains unchanged. There is very little tonnage offering, and owners have not yet got down below 40 shillings for anything this side of April. Some new crop tonnage is offering, but It is held at rates which exporters do not care to pay. The longest shot thus far re ported is a January, 1901. ship at 37s 6d, but this was done when the spot situa tion was firmer, and it is very doubtful about Us being obtainable again for at least several weeks, when something more definite can be learned regarding pros pects for the coming crop. The weather continues highly favorable for the grow ing crop, and. unless a March frost inter feres with matters, it will have a very early start. The foreign crop conditions are on the whole favorable, so much so. that they are having a bearish effect on the market. The Argentine Republic, in spite of the reports of a crop but little over half as large as that of a year ago, continues to put out enormous shipments, and these aid in making a weak market weaker. The American visible is still very ponderous, but European stocks are not unwieldy. They are so moderate, in fact, that such an eminent authority as H. Rider Haggard declares that wheat in Liverpool would advance to $3 per bushel within 10 days after a declaration of war between England and any of the big powers. Mr. Haggard's forte is romanc ing, however, and his bullish prediction may not carry all the weight that It oth erwise might. There are other eminent English authorities, however, who are of the opinion that the cereal is in line for a "boost" and the Corn Trade News, under date of February 15, says: It is likely, we believe, that both France and Germany will be active buyers of foreign wheat in the concluding weeks of the present season, which,, will help tp bring the figures into line with expecta tions. There is no doubt but that the revival of the past few days upon the Continent is due to the Increased likeli hood of the proposed measures for rais ing the price of wheat ultimately be coming operative. French and German Importers in ant'eipation of the fiscal changes, may some day enter the mar ket and stock up in a wholesale man ner. WOOL No sales of wool of any im portance have been reported for the past week, and the market remains in a very weak condition, with a strong probability that lower prices will prevail before the opening of the new season. Mohair is In worse shape than wool, and Eastern -dealers are refusing to put out figures un til the market settles. The mohair clip In this state will be much larger than ever before, and growers are Inclined to be gloomy over the outlook. The unsatisfac tory condition of the Eastern wool market is thus set forth by the Boston Herald: Prices are still unsatisfactory: In some cases very unsatisfactory. Owners of wool In some instances have come to the point where money must be had, and they have met manufacturers with offers to sell wool that have tempted them to buy. In some Instances these offers have hurt prices a good deal, for they have heen used to break down the Ideas of other holders of wool. The other holders have felt that they must have some of the trade that was passing, and they have been constrained to beat the other low prices, in order to secure the trade. It is very plain that at the rate manufac turers are running there is not trade enough for all, and in the struggle for trade, prices have declined. POTATOES AND ONIONS Every steamer sailing south carries from 2000 to 5000 sacks of -potatoes for the San Fran cisco market, and the rail shipments are also heavy. The California market has Improved slightly, and there has been & corresponding advance locally, and, dur ing the week, as high as 65 cents was paid for fancy Burbanks, although the greater part of the stock goes at less money, most ly around 60 and 55 cents. Onions have been booming, but the high prices paid brought out such liberal offerings that the price received a temporary setback a few days ago. The best stock is now held at ?4 per cental, and there Is nothing ob tainable under $3 per cental. Holders ex press the opinion that the temporary weakness will be followed by an advance which will carry the price above $5, as It is still two months before there will be any California onions In the market. BUTTER Steady with supply and de mand about equal, and most of the cream ery selling at 50 cents, exccpt for some select brands with an established trade. These are bringing 55 cents, not because they are worth any more than the other, but because dealers succeed In securing It. The California market continues weak, and some of the surplus stock from the south Is still dumped on this market. Store butter is weak in price, principally because the greater part of the receipts are strong otherwise. EGGS For single case lots. 14 cents is generally quoted for eggs, but stocks are accumulating, and when they are shipped to outside markets it is necessary to cut prices in order to work 'business. Sales were made yesterday as low as 1313V cents. They will hardly go much lower without bringing the cold-storage men Into th.e market. POULTRY But few chickens have been received this week, and the . price is firm In consequence. Best coops will readily command ?5 per dozen, and mixed in fair condition soil at $3 50 and $4 per dozen. Ducks are In good demand on ac count of the Chinese festivities, but geese are not wanted at very high figures. The demand for turkeys is nominal. Dressed will sell In a limited quantly at 14 and 15 rents, and live at 10 and 11 cents. Dank. Clcarjnxa. Exchanges. Balances. Portland $213,107 $ 33.545 Spokane 12C.750 Seattle 820.732 20.411 111.1&5 PORTLAND 3IARKETS. Grain, Flonr, Etc. Wheat "Walla "Walla. 55g56c: Valley, nominal; blueetem, 57&C per bushel. Flour Best grades. $2 SOftS 40 per bar rel: graham, $2 GO. Oats White. 4445 per bushel; gray, 42 43a Barley Feed. ?16 0016 50; brewing. ?16 00 16 50 per ton. Millstuffe Bran. $16 00 per ton; mid dlings. $21 50: shorts. 1S 50: chop. J16 00. Hay Timothy. $12 0012 50; clover, 7 00 &3 50; Oregon wild hay. $6 007 00 per ton. Hatter, Eggs, Toultrr, Etc. Butter Fancy creamery, Oregon, 45 50c; do California, 4045c; store, 20327&C per roll. Eggs Oregon ranch. lS14c per dozen. Poultry Chickens, mixed, $3 504; hens. $4 5CS5 00; dressed. ll12c per pound; ducks, $5 00ft6 00; geese, IS 00g? 00 per dozen; turkeys, live, lOffllc; dressed, 12 13c per pound. Cheese Full cream, twine, 13gl3Hic; Young America, 13&14c per pound. Vegretnbles, Fruit, Etc. Vegetables Parsnips, 85c; turnips. 75c; carrots', 75c sack; onions. $3 04 00; cab bags, $1 C5l 75 per centul; potatoes, 45 60c per sack; sweet potatoes, $1 65 per 100 pounds; celery, SOJ?90c per dozen; Cali fornia tomatoes. ?2 50 per oox. Fruit Lemons, chblce, $2 00; fancy. 52 50g2 75; oranges. $1 7&j?2 50 for navel; $1 50fl 75 for seedlings, per box; pineap ples, J4 00&4 50 per dozen; bananas. $2 50 L3 00 per bunch; Perslaa dates, OgCVsc per pound; apples, 75cil.25 per box. Dried fruit Apples, evaporated, 5c per pound; sun-dried, sacks or boxes, 34c; pears, S9'c; prunes. Italian, 5fr7c; .silver, extra choice, 5g7c; figs, California blacks, 5c; figs, California white, 5lg.7o; plums, pltless, white, 78c per pound. Meat and Provlnolna. Mutton Gross, best sheep, wethers, $4 75; ewes, $44 50; dressed, 67c per pound. j Hogs Gross, choice heavy, $5t?5 25; light. $4 75S?5; dressed, G7c per pound. Veal Large, 776c per pound; small, S&SS&c per pound. Provisions Portland pack "(Shield brand), hams, smoked, are quoted at 12a: per pound; picnic hams, 9c per pound; breakfast bacon, 14V415c; bacon, 10Vi ll&c; backs, 10Vc; dry malted sides. 9V4 10c; dried beef, 15c; lard, five-pound palls, lie; 10-pound palls. lOftc; 50s. 10'fec; tierces, 10c per pound; Eastern pack (Hammond's) Hams, large, 12Vic; me dium, 12Vjc, small, 13c; picnic hams, 9J,jc; shoulders, 9Vic; breakfast bacon. 13Ji 155ic; dry salted sides, 9JjlH4c; bacon sides. 10A115ic; hacks, lll4c; butts, lOtfc; lard, pure leaf, kettle-rendered. 5s. U&c: 10s, lie; dry salted, bellies, 1014ffllic; bacon bellies, HU125ic; dried beef. 15lic. Beef Gross, top steers, $4 504 75; cows. $44 50; dressed beef, 7Sc per pound. Hop, "Wools, IUdcn, Etc. Hops 1214c per pound; 1S99 crop. G7c. "Wool Valley, 14(S15c; Eastern Oregon, 912c; mohair, 21023c per pound. Sheepskins Shearings, 15tfT20c; short- wool, 25&35c; medium-wool, 30Q50c; lopg- wool, G0U each. Tallow 3c; No. 2 and grease, 202J4c per pound. Hides Dry hides. No. 1, 16 pounds and upward, 1415c; dry kip, No. 1. 5 to 16 pounds.14S15c nee nound: dry calfNo. 1. Vnder ""a-pounds. 1415c: dry-salted, one- third less than dry flint; salted hides, sound steers, 60 pounds and over, 7Sbc; do. 50 to GO pounds, 77iic; do, under 50 pounds, G7c; kip, 10 to 30 pounds, 61407c; do veal, 10 to 14 pounds, 7c; do calf, under 10 pounds, 7(gSc; green (unsalted), lc per pound less; culls (bulls, stags, moth-eaten, badly cut, scored, hair-slipped, weather beaten or grubby), one-third less. Pelts Bearskins, each, as to size, $5?20; cubs, each, $2$F5; badger, each, ldjHOc; wildcat, 2575c; house cat, 5J?20c; fox. com mon gray, 3050c: do red, $1 502; do cross, $515; lynx. $23; mink, 50$1 25; mar ten, dark Northern, $612: do pale pine, $1 503; muskrat, 5gI0c; skunk, 2535c; ot ter (land). $57; panther, with head and claws perfect, $2 5; raccoon. 30Ji35c: wolf, mountain, with head perfect, $3 505; prairie wolf or coyote, G075c; wolverine. $45f7; beaver, per skin, large, $5fi; do medium, per skin, $37; do small, per skin, 12; do kits, per skin, 5075c. in the stock market, while quite largo, was very much congested in a few stocks. There was continued strength In St. Paul, and a late buoyant rise In Sugar, and notable gains by some of the less prominent high-priced industrials, but the general market was not much inclined to respond in sympathy, although the de pression which existed In some parts of the list early in the day was partly re lieved. The speculative tone was more in clined to sympathize with the continued heaviness of the steel stocks than with the strong features of the market. The inclination of the steel stocks to gravi tate to a lower level Is a distinct dis appointment to the speculative world, as It was hoped that when the .doubts and uncertainties attending the period of ne gotiations were cleared up and the great consolidation of control fully assured, prices of the securities would reflect the hoped-for advantages to the owners of the properties. There was large trading again in the stocks of the group today, but It was In large part on arbitrage op erations from one stock to another. The discrepancy in the prices of the stocks and their privileges of conversion into the stock of the United States steel corporation forms the basis of these op erations. They consist in the purchase of such members of the group as are pro portionately low. and the simultaneous sale against these purchases of stocks which are high. The natural tendency of these operations is to bring the prices of the various stocks to a basis consistent with their relative claims for the new stock. For the purpose of accommodating these arbitrage operators, there were also dealings on the curb In contracts to de liver when issued the new United States steel corporation stock. The common demanded 40J4 at one time this morning, and preferred 84. but before the close the quotation for the common stock had receded to below 3S, and that for the pre ferred to about S2. The transactions amounted to only a few thousand shares, but the quotations were accepted on the stock exchange as a basis of operations. These securities are expected to be listed ultimately on the stock exchange, but It Is not unusual that securities so transferred from the curb to the exchange sell lower after the change. An example Is that of the New Union Pa cific convertible 4 per cent bonds issued to provide for the Southern Pacific pur chase, which sold in the unlisted depart ment of the exchange for the first tlme today over two points below the outside' quotations. The strength of St. Paul to day was accompanied by assertions that the dividend will certnlnly be increased at the approaching meeting. The movement of sugar was attributed to reports that the import duty on Cuban raw sugar is to be remitted. The 'money market continued easy today. Bonds became somewhat Irregular on a fair volume of dealings. Total sales. $2 8G0.O0O. United States new 4s advanced . and the refunding 2s per cent on the last call. EONDS. U. S. 25. ref. reg.lOojfcjN. Y. Cent. lsts.107t; do coupon lOjjfciJCorthern Pac. 3a.. 70 do 3v reg Ill do 4s 70i do coupon Ill (Oregon Nav. 1st. .110 do new 4s, reg. .133 I do 4s 104 Vt do coupon 13S Oregon S. L. OS. ..127 do old 4. res.. .114 do con. ."s 110 do coupon 114 (Rio Gr. W. lsts...inoJ do 5s. res Ill St. Paul consols.. .184 do coupon Ill ISL. P. C. & 1 IstsllSi; Dlst. Col. 3-OT...123 I do 5s 120, Atchl.on adj. 4s.. 02 Union Pacific 4s. ..100 C. &. N.W. con. 7e141 IWK Cent, lets SS;i do S. F. deb. 5s.l24 I West Shore 4s 113 B. & R. G. 4s 102 iSouthcrn Tac 4s.. 2Vi Gen. Electric 5s.. .1514, STOCKS. The total sales of stocks today were 074, GOO Shares. Th closing quotations were: Atchison K5i Wabaph do pref J7V do pref Bait. & Ohio S8 j Wheel. & L. E do pref jsm.i do 2d nref Can. Pacific pni-iWls. Central .. j.oiixnira avenue steadied and reacted to 76c, on reports of a strong cash market at Minneapolis and the engagement of four loads of wheat for Lisbon. This advance failed of sup port, and the market dropped back to 75hc Heavy seaboard clearances and lib eral export sales caused moderate cover ing, under which the market reacted to 768c and closed steady at that figure, He under yesterday. Corn opened easier under the influence of the better grading of the cereal re celved today. The bears asserted them selves and caused a decline, but the close was steady under covering jfrom the wheat strength. May left off Vc lower, at 40ic. Oats were fairly active and followed corn. May closed HStic, lower, at 25'.4c Provisions were quiet. The market opened easy, but rallied later on a good outside demand. May pork closed 7&c higher, lard ZM'Soc down and ribs un changed. The leading futures ranged as follows: WHEAT. Openlntf. Highest. Lowest. Cloe. Downing, Hopkins & WHEAT AND STOCK BROKER TRAVELERS' GUIDE. Room 4, Ground Floor BOTH TFXEPnOJiEJ Chamber of Commerce February $0 747s $0 74 March 74? 74 May 76 7GH CORN. February 38 3S March May 40-X 40 OATS. February May 25 25?i MESS POP.K. February May 14 021 14 15 LARD. March 7 40 7 45 May 7 474 7 52H July 7 52h 7 57b SHORT R1U3. 73T,' 73 V4 3s; ""Vo-s H02& 7 40 7 45 7 52H February May ... September 74S, 7UVi 3S 40 24" 25i 13 95 14 15 7 45 7 52 j 7 57fc: 705 7 10 common California lemons. 50c; choice, $2 25; navel oranges. 75c'g$2 25 per box-, pineapples. $2 50g3 per dozen. Bananas 50cSi$l 75 per bunch. Poultry Turkeys, gobbler. 10Ul2c; do hens, 121T13c per pound; old roosters, $3 50 04 per dozen: young roosters, $4 50(35; fry ers. $45; hens, $3 5034 50 per dozen; small broilers, $33 50; large do, $4&4 50; old ducks. $4-55; geese, $1 75j2 per pair. Green fruits Apples, choice, $125 per box; common, 30c per box. Butter Fancy creamery, 19c: eeconds, 17c; fancy dairy, 16c; do seconds, 13c. Cheese California, v full cream. 10c; Young America, 12c: Eastern. 15? 16c. Eggs Selected. 12c; ranch, 13c. Onions $14 50 per cental. Receipts Flourt 15,400 quarter sacks: do Washington 3200 quarter sacks: wheat. 159.700 centals; barley, 3700 centals: Wash ington oats. 403 centals; beans. 2300 sacks; potatoes, 5300 sacks; bran. 1200 sacks; hay, 200 sacks. OREGON1 the explorations govern pro rata the dis tribution of the antiquities among our museums." ARMY REORGANIZATION. JrYKSxFFl SliOiLlHfi AND L'nlou Depot, Sixth and. J Street. lCli .. 14 .. 30 !& ..110 55 GrocericH, Nuts, Etc. Coffee Mocha, 2302Sc; Java, fancy, 260 32c; Java, good. 20324c; Java, ordinary, lS1X)c; Costa Rica, fancy, 18C0c; Costa Rica, good, 16?lSc; Costa Rica, ordinary. 10312c per pound; Columbia, roast, $12 75; Arbuckle's, $11 75; Lion, $11 23 per case. Rice Island, 6c; Japan. 54c: New Or leans, 4&(?5Ac; fancy head, $737 50 per sack. Suear Cube. $6 43; crushed. $6 70; pon dered, $6 03; dry granulated. $5 93; extra C, $3 35; golden C. $5 25 net, half barrels ic more than barrels: maple, 15316c per pound. Salmon Columbia River, one-pound tails, $1 5032; two-pound tails. $2 2532 50; fancy one-pound flats, $232 23; it-pound fancy flats. $1 1031 30; Alaska tails, $1 403 1 60; two-pound tails, $1 9032 23. Nuts Peanuts. GVvSc per pound for raw, 9c for roasted; cocoanuts, SOc per dozen: walnuts, 10SHcper pound; pine nuts, 15c; hickory nuts, 7e; chestnuts, 15c Brazil, lie; Alberts, 15c; fancy pecans, 12 14c; almonds. 153171&C per pound. Beans Small white, 6Uc; large white. 5c; bayou, 3&c; Lima, 6&c per pound. Grain bags Calcutta, $636 12&c per 100 for spot. Coal oil Cases. 19c per gallon; bar rels. 15c; tanks, isiic Stock salt 50s, $11 50 per 100, 100s, $1L Can. Southern Ches. & Ohio -ifiuiXatlonal Tube Chi. Gr. Western. 1Ssi do pref loi C., B. & Q 1444, EXPRESS CO.'S. Chi.. Ind. & L... Ml, Adams i&o do pref en JAmerlcan lw) Chi. & East. Ill..l(Mil4,L"nlted State 57 Chicago & X. W..172 WelI-Farco 138 C.. R. I. & Pac 12.5?,. MISCELLAXEOUS. C. C. C. & St. L. 75 jAmer. Cotton Oil.. 2S4 Colo. Southern .. 8 do pref gs' do lut pref 42'jlAmer. Malting: .... 4-t do 2d pref 18 I do pref 24 D01..& Hudjoiu...l044;Amr. Smelt. &. R. 41M4 "Del.. Lack. Jt "W..19.l(4 do pref jui? Denver & Rio Gr. 30 Amer. Spirits 2 do pref StSTil do pref it Erie 274Amer. Steel Hoop. 30 do 1st pref 3! do pref siVi Gr. Xorth. pref....l04UlAm". Steel & W. 404, Hocking Coal 15',$ do pref oiju Hocking Valley .. 48 Amer. Tin Plate... 63 IlllnolA Central ...131 do pref Iwi'A Iowa Central 267iAmer. Tobacco ....12o do pref 53 do pref 140' Lake Erie &. "W... 41'Anaconda M. Co... 44?i do pref Ill iBrooklyn R. T 74S Lake Shore 2104fColo. Fuel A. Iron. 4:i)l Loul? & Xash 2V, cont. Tobacco 47 .. 44Vi 27 -.213 .. 45U .. 02 .. 21U .. 73 7 05 7 10 7 02W 7 17V4 7 22 7 17b 7ZS14 Cash quotations were as follows: Flour Dull. Wheat-No. 3 Spring, 70S73tfc; Nd. 2 red, 74&376&C. Corn No. 2t 39c; No. 2 yellow, SOc. Oats No. 2. 25V4c; No. 2 white, 27327i; No. 3 white, 25;c. Rye No. 2, 50353c. Barley Fair to choice malting, 4S353c. Flaxseed No. 1 Northwestern, $1 65. Timothy seed Prime, $4 40. Mess pork Per barrel. $13 S5314. Lard Per 100 pounds, $7 421437 43. Short rlba sides Loose, $737 23. Dry-salted shoulders Boxed, SViffSUc. Short clear sides Boxed, $7 357 55. Clover Contract grade, $11. Butter Market quiet; creameries, 133 23Vfcc; dairies. 10319c. Cheese Quiet; 10V43H?4c. Eggs Quiet: fresh, 16Vc. Receipts. Shlpm't.. Flour, barrels 02.000 55.000 Wheat, bushels 103.000 38-?JS Corn, bushels 032.000 197.000 OaVs. bushels 520.000 275.00-J Rye. bushels L000 . .00o Barley, bushels 50.000 12.000 Gnropean Grain Market. TOVDON. Feb. 27. Wheat cargoes on passage, quiet and steady; cargoes No. 1 standard California, ss jjiu;. cargu Walla Walla,. -2Ss 9d; English.- country markets firmer. LIVERPOOL, FcbT 27. Wheat Firm; wheat and flour In Paris, barely steady: French country markets, dull; weather In England fine. Wheat Spot, dull; No. 1 California, 6s 6d; No. 2 red Western Win ter, 5s lUid; No. 1 Northern Spring. 6s 2VSd. Futures quiet; March, 5s lid; May. 5s IPjb. Corn Spot, quiet: American mixed new. 3s 9d; do old. 3s lid. Futures quiet; March, 3s 9d; May, 3s 9d; July. 3s 9d. Xevr Yorlc Grnln anil Proilnce. . NEW YORK, Feb. 27. Flour Receipts, 3296 barrels; exports, 19,630 barrels; mar ket quiet and easy. Wheat Receipts, 41.400 bushels; exports, 323.S26 bushels; spot fairly active: No. 2 red, SO&c f. o. b. afloat; elevator. 79c. Options opened easy under good cables, and declined on general liquidation and short selling. Closed steady at U3Hc net decline. March closed 795c; May, 80c; Ju.y, 79V4C. Wool Quiet. Hops Quiet. Money Exchange. Etc. SAN FRANCISCO, Feb. 27. Sterling on London. GO days. $i S5&; sterling on Lon don, sight, $4 SSI4. Mexican dollars, 30V351c Drafts-Sight, 17&c; telegraph, 22c. NEW YORK. Feb. 27. Money on call, quiet, 1&32 per cent; prime mercantile pa per, 3434U per cent. Sterling exchange Arm, with actual bus!, ness In bankers bills at $4 S7Vi34 S7 for demand, and at $4 8334 S4 for GO dajs; posted rates. $4 SH434 S5 and $4 SS; com mercial bills, $4 S3t34 S35J. Sliver certificates. GV.tfittc. Mexican dollars, '49c. Government bonds 6trong state bonds Inactive; railroad bonds irregular. LONDON, Feb. 27. Consols, 9i 9-16. Money, "4?i35 per cent. Boston "Wool Mnrlcct. BOSTvN, Feb. 27. The wool market has been fairly active this week, although the deallnes show that manufacturers are only buying to fill orders. Market gener- J any iavors me ouyer in me tumiuu grades of territory wools, but the weak ness does not extend to choice wools. The sales of territories continue to head the list. Fleece wools attract but little attention. Australian wools are steady. Territory-scoured bnsis. Montana fine medium and fine. 15316c; scoured. 44345c; staple. 4734Sc; Utah 'and Wyoming fine medium and fine, 14Jtl5c; scoumi, liiM3c: staple. 4546c; Idaho fine medium and fine, 13314,,2c; scoured; 4234-c; staple. 453 46c. ' - Australian Scoured basis, spot prices combing superfine nominal, 7071c; good, 65367c; average, C3t'G5c. Progress Beinjc Mnile By the "War Department. NEW YORK. Feb. 27. Progress Is being made by the War Department in the or ganization of the additional troops au thorized by the recent Army reorganiza tion law, says a Herald special from Washington. Adjutant-General Corbln said that one battalion of the Twenty sixth Regiment and one battalion of the Twenty-seventh Regiment of Infantry are now en route to Manila; one battalion of the Twenty-eighth has been organized at the Presidio, San Francisco; one bat talion of the Twenty-ninth will be filled at Fort Sheridan on Saturday night and other battalions are rapidly forming. Equally good progress Is being made In recruiting the new regiments of the Cav alry arm. The organization of one squadron of the Eleventh Cavalry has Just been completed; a squadron of the Twelfth Cavalry will be organized at Fort Leavenworth by Saturday and a squadron of the Thirteenth Cavalry at Fort" Myer will be ready for service next week. Cap tain W. P. Newcomb and Captain O. I. Straub will organize the Eighty-third and Eighty-fourth Batteries at Fort Hamil ton, N. Y.; Captain George W. Gatchell will organize the Eighty-fifth and an of ficer to be selected the Eighty-sixth at Fort WacLsworth: Captain E. F. McGlnch Un. Jr., will organize the Eighty-seventh Battery-at Fort Slocum; First Lieutenant F. G. Jenkins the Eighty-eighth Battery at Fort Trumbull; Captain S. S. Jordan the Eighty-ninth Battery at Fort Banks; Captain W. E. Ellis the Ninetieth Battery at Fort McHenry: Capaln J. T. Mhrtln the Ninety-first Battery at Jackson Bar racks; Captain R. P. Davis the Ninety second Battery at the Presidio, San Fran cisco; Captain D. J. Rumbaugh the Ninety-third Battery at Fort Stevens, and Captain E. L. Wilson the Ninety-fourth .. 3lh .. !2h .. 15V, .. 45U .100 Manhattan El 117 I do nref . Met. St. Ry HKiVi Fedeial Steel .. Mes. Central 17 I do pref Minn. & Su Louis 77s,Gen. Electric ... MI.ourl Pacific .. SSVii Glucose Sugar .. Mobile & Ohio.... 7SVi do pref M.. K. & T 20tilnt. Paper do pref 53 i do pref Xew Jersey Cent. 155 jLa Clede Gas... Xcw York Cent...l41- Xatlonal Biscuit Xorfolk Jfc West... 45.. do pref do pref S2lXatIonaI Lead ., Xorthern Pacific S3Vi do pref ........ do pref S7V Xatlonal Steel . Ontario & West... SIM do pref O. R. & X 42 IX. Y. Air Brake. .153 do pref 70 jXorth American .. 21U Pennsylvania 14SUl'acMc Coast 52 Reading H0V do 1st pref S8 do 1st prer 7J-r4' do 2d pref 02 do 2d pref 40VPaclfle Mall 3S Rio Gr. Western.. 65 I People's Gas 101:4 do pref 93 (Pressed Steel Car.. 35"6 St. Louis & S. F.. 35511 do pref 74jt do 1st pref SllPuHman Pal. Car.lOS do 2d pref m: Stand. Rope & T.. 3?i St. Louis S. W 25 iSugar 142-, do pref 55! do pref 121 SL Paul IMtsiTcnn. Coal & Iron. 53 do prof 190VU. S. Leather I7s St. Paul & 0 120 I do pref 7.Ti Southern Pacific. 43u U. S. Rubber 19Vt Southern Ry 24! do pref GO do pref 77-j Western Union ... 8GV, Texas & Pacific. ShSiAmal. Copper 91 Union Pacific .... S7 Republic Iron & S. 14 do pref S3Vil do pref 62fi P. C, C & St. L.. 5S NEW YORK. STOCIC MARKET. Trading WaH Large, but Wan Con fined to a KeTT Specialties. NEW YORK, Feb. 27. Today's trading CULLISON&CO. Board of Trade and Stock Exchange Brokers GRAIN PROVISIONS STOCKS an J COTTON nOCGHT AXD SOLD FOR CASH OR CARRIED ON' MARGINS . ForclRii Financial Xcw. NEW YORK, Feb. 27. The Commercial Advertiser's London financial cablegram says: There was no improvement In business on the stock exchange today, but the tone was steady. There was news of gen eral French's victory at Mlddleburg, the capture of 3X) men, three guns and a great quantity of stores, but It reached London too late to affect anything except the street market for Africans. The American department was more cheerful than it has been for some days In the earlier hours, but when New York opened and sent over heavy selling orders In Union Pacific, the market here broke badly. There was a general rally, how ever, in the street after our close on pur chases for New York account of St. Paul Issues and the circulation again of reports that the Hill deal was being re vived. The Bank again bought CO0O of gold In bars. Money rates were unchanged. Chi en go Grnln Gossip. F. G. Logan. Chicago, wired as follows to R. W. McKlnnon & Co.: "Wheat ruled soft during most of the session, and local traders have liquidated their holdings to a large extent, we think. The break had the appearances of being forced by important interests to relieve the market of the holdings of the tallers. It was difficult to see where this wheat went, although we think shorts, as a rule, covered freely at the bottom, and there was also scattered commission -house buy ing on the break. Legitimate conditions, as we see them, are getting more healthy. The primary movement Is getting moder ate, and the milling demand Is fair. We still think wheat should be purchased on the soft spots, lor the time being, at least. Estimated cars for tomorrow, 43." Crucible Stock in Deninnd. PITTSBURG. Pa.. Feb. 27. Ten thou sand shares of Crucible Steel common stock were sold at the first call of the Pittsburg Stock Exchange today at ZdS i7. as against 25V2 yesterday afternoon. The demand for the stock was due to a report that the Crucible Steel Company probably would be included in the great steel deal. Negotiations. It Is said, are under way which It Is thought will end In the company becoming a part of the Morgan giant combination. The Cru cible Steel Company controls Do per cent of the output. The capitalization Is 525. CCO.000 each of the common and preferred stock. For tlie Cure of Consumption. CLEVELAND. O.. Feb. 27. It Is stated that a company will be organized here within a few days, composed of Cleveland and Eastern capitalists, and capitalized at $1,000,000. to erect a system of sanitariums In the largr cities of the country for the cure of consumption by electricity. It Is said that a positive cure for the disease has been found. THREE TRAINS DAILY FOR ALL POINTS EAST "CHICAGO -PORTLAND SPECIAL." Leaves for the East, via Huntincton. at 9:00 A. M.; arrives at 4:30 P. M. SFOKAXE FLYER. For Spokane, Eastern Washington, and Great Xorthem points, leaves at UP. M.: arrlvea at 7 A. M. ATLANTIC EXPRESS. Leaves for tho East, via Huntington, at 0:00 P. M.; arrives at S:40 A. M. THROUGH PULLMAX AXD TOURIST SLEEPERS. OCEAN AND RIVER SCHEDULE. Water lines tchedulo subject to chacgo with out UUtlCtf. ot-r.A.-. DiVISIOX From Portland, leave. Ainsworth Dock at 8 P. M.; sail every 5 days: Columbia, bun.. Jan. Zii W'ea., a en. o; aau. Feb. Its Tues.. eb. 20. Frl., March b. Geo. W. Elder. Frl., Feb. 1; Alon., Feb. 11; Thura.. Feb. 21. Sun., ilar. 3; Wed.. March 1J. From San Francisco Sail every 5 days. Leave Sear-street Pier 24 at 11 A. M.: Co lumbia, sat.. Feb. 2; Tues.. Feb. 12; Frl.. Feb. 22; Man., Mar. 4; Thura.. Mar. 14. Geo. W. Elder. Thurs.. Feb. 7; Sun.. Feb. 17: Wed.. Feu. 27; Sat.. Mar. 0; Tues.. Mar. 10. COLUJI11IA KIVEU DIVISION. FORTLAXD AXD ASTORIA. Steamer Hasalo leaves Portland dally, ex cept Sunday, at a:tw P. M.; on Saturday at 10.00 P. M. Returning, leaves Astoria dally, except Sunday, at 7.00 A. M. WILLAMBXTE RIVER DIVISION. PORTLAND AXD SALEM, OR. Steamer Ruth, for Salem, Independence and way points, leaves from Ash-street Dock at 4 A. M. on Mondays, Wednesdays and Fridays. Hotiirnlnir. leaves Independence at 5 A. M.. and Salem at 0 A. M.. oa Tuesdays. Thursday and Saturdays. CORVALLIS AXD ALBANT. Steamer Modoc leaves Portland at 6 A. iL on Tuesdays. Thursdays and Saturdays. Re turning, leaves CorvallU at 6 A. M. on. Mon days, Wednesdays and Fridays. YAMUILL RIVER ROUTE. PORTLAND AXD DAYTOX, OR. Steamer Elmore, for Oregon City. Buttevllle. Champoeg. Dayton and way landings, leaves Portland Tuesdays. Thursdays and Saturdays at I A. II. Leaves Dayton for Portland and wa points Mondays. Wednesdays and Friday at 6 A. M. SXAKE RIVER ROUTE. KIPAR1A. WASH.. AND LEWISTON. IDAHO Steamtn. leave Rlparla at 3:40 A. M. dally, arriving at Lewlston about 3 P. M. Returning, leave Lewlston at S:S0 A. M.. arriving at Rl parla same evening. A. L. CRAIG. General Passenger Agent. The Metal Markets. NEW YORK, Feb. 27. Dullness pre vailed In all the American Iron markets today. Prices were unchanged. In Eng land, however, the market was weak and a fraction lower. Tin ruled weak, clos ing at 526 50t?2G 75. Copper continues dull, lake, 517; casting. $16 2'. Lead very dull. 54 371.-. Spelter weakr but not lower, closing at 53 90jT4. Bar sliver, CO&c SAN FRANCISCO, Feb. 27. Bar silver, 6P,ic. LONDON. Feb. 27. Bar silver, 2S',8c. R. W. McKmnon & Co, MCM3ERS OF CHICAGO BOARD OF TRADE 8 and 9 Chambzr of Commercs Wc arc connsclcd, through the firm of F. G. Losan. Chicaso. with the following New York houses, who are members of the New York Stock Exchange: Ladenburg. Thalman & Co. Walker Brothers Dick Brothers J. S. bache & Co. "Write for our daily market letters." PORTLAND & ASIATIC STEAMSHIP CO. For Yokohama and Hong Kong, calling at Kobe. Nagasaki and Shanghai, taking freight via connecting steamers for Manila, Port Ar thur and Vladlvostock. For rates and full Information call on or dress oillcIaU or agents of O. R. & X. Co. EAST SOUTH jf SUNSET -tll O CGCEN 4 SHASTA) 1 UnV "fugs joj Depot l-'lltli and I Street. Arrive S:30 P. M. 8:30 X. M. Coffee ami Snprnr. NEW YORK, Feb. 27. CofTee Closed firm 510 points lower. Sales, W.000 bags. Including March, $." 90; May, 56 20; July. 5S 10g6 25; November. 56 2T; spot Rio. easy; No. 7 Invoice. 7c; mild, quiet; Cor dova, S12c. Sugar Raw. quiet and steady; fair re fining. 3 ll-16c; centrifugal, 56 test, 4 3-lCc; refined, quiet. Stocks In London. LONDON. Feb. 27. Atchison. 57; Can adian Pacific, 93; Union Pacific preferred, S9i: Northern Pacific preferred, S9V4; Grand Trunk, 7; Anaconda, 9Vi. THE GRAIN MARKETS. Price for Cereals in Enropenn and A.nericnn Port. SAN FRANCISCO, Feb. 27. Wheat on call steady and quiet In the spot market. Barley quiet. Oats steady. Spot quotations were: Wheat Shipping No. 1 95c; choice. 95c; milling. 9S?4ce51 02U. Barley Feed, 70S72s"c; brewing, 77Vi S2c 'Oats Black for -seedr 51 22&ffl 32&; red, 51 25gl 45. . 214-215 Chamber of Commerce Portland, Ores en Ch I en pro Grain and Produce CHICAGO, Feb. 27. February Is down on the wheat speculator's calendar as a bear month, and possibly a desire to sup port this allegation moved the bear con tingent to accept easy cables and rotse colored Kansas crop tidings as sufficient ly Important factors to Justify letting out short lines. May opened at 76&'76Kc, a shade under yesterday. Wheat came out on a constantly Increasing scale, until I May reached 75H1l"5ic, "where the market EASTERN LIVESTOCK. CHICAGO. Feb. 27. Cattle Receipts, 17,000. Choice steers, strong; medium, lower. Good to prime steers, 54 S0g6 CO; poor to medium. 53 40JJ4 80; stockers and feeders, 52 754 50; cows. 52 KV54 20; heif ers, 52 G54 50; canners, 52 002 GO; bulls, 52 40ff4 15; calves. ?4 XXg5 25; Texas fed steers, 54 0004 90; grassers. 53 35fT4 00; bulls, 52 503 50. Hogs Receipts today, 42.000; tomorrow. 33.000; left over, 5000. Generally 10c lower. Top. 55 55. Mixed and butchers. 55 35fjo 0; good to choice heavy, 55 455 55; rough heavy, 55 205 40; light, 55 355 45; bulk of sales, 55 40JJ5 0. Sheep Receipts, 14.000. Sheep, strong. Lambs, steady to slow. Good to choice wethers, 54 25S"4 75; fair to choice mixed, 53 75r4 25; Western sheep. 54 25ft4 75; Tex as sheep. 52 503 50; native lambs, 54 CO 5 25; Western lambs. 55 0035 25. OMAHA. Feb. 27. Cattle Receipts, 2SU0; market, active and steady; native beef steers. 5-1 4085 35; Western steers, 53 70 4 50; Texas steers, 53 00g3 S5; cows and heifers, 53 10JT4 23; canners, 52 00g'3 00; stockers and feeders, 53 254 50; calves, 54 00g7 25; bulls and stags, 52 5004 25. Hogs Receipts. 13,300; market. 5c lower; heavy. 55 275 32; mixed, 55 2505 271.4; light. 55 1505 25; bulk of sales, 55 250 5 27. Sheep Receipts, 2400; market, strong and active; fair to choice yearlings, 54 358 4 65; fair to choice wethers, 54 0004 40: common and stock sheep, 53 o03 S5; lambs, 54 0005 CO. KANSAS CITY. Feb. 2L-Cattle Re celps. 7000; market, strong to steady; Texas steers, 53 7504 50; Texas cows. 52 75 03 50; native steers. 54 5005 50; native cows and heifers. 52 3504 60; stockers and feeders. 53 9004 85; bulls. 52 6004 25. Hogs Receipts. 17,000; market, weak to 5c lower; bulk of sales, 55 3005 40; heavy. 55 3505 0; packers, 55 3005 45; mixed, 55 SO05 40; lights, 55 SO05 35; Yorkers, 55 1005 30; pigs. 54 6005 50. Sheep Receipts. 20,000; market steady; lambs, 54 750o 00; muttons. 53 7004 So. SAX FRANCISCO MARKETS. SAN FRANCISCO, Feb. 27. Wool Spring: Nevada, 11013c: Eastern Oregon. 10gl3c; Valley Oregon, 14015c Fall: Mountain lambs, 9010c; San Joaquin plains. G07c; Humboldt and Mendocino, 10011c Hops Crop 1900, 15020c. Hay Wheat, 59013 50; wheat ana oats. 59012 50; best barley, 5709 50: alfalfa, 57J 10: compressed wheat, 59013 per ton; straw, 35047c per bale. Potatoes River Burbanks, 35065c; Sa linas Burbanks. 75c01 15; Oregon Bur banks. 65c51 05; Early Rose. 60073c; sweets, 5Oc051. Onions 5304 per cental. Vegetables Green peas, 507c; string beans, 10015c per pound; asparagus, 250 25c Citrus fruit Mexican limes, 57 50SS 00; DISCOVERED IN EGYPT. Valnnblc Papyri of the First Second Centuries. nnd - TRAVELERS GUIDE. BOSTON. Feb. 27. Rev. Dr. C. Wins low, of this city, vice-president of the Egypt exploration fund, today announced the discovery of a most valuable trophy among tho large number of papyri re cently received by Dr. Wlnslow for dis tribution among several universities, 29 of which went to the University of Penn sylvania. It Is the oldest fragment of the gospels now in this country. Dr. Wins low states that the papyrus contains a large part of the first chapter of the gos pel of St. Matthew. It was found at Oxyrhyrnchus, 140 miles south of Cairo, near the famous "Logla" or "sayings of Jefius," and Its date is placed by some experts at 150 A. D., and by the editors of the societies' publications at 50 or CO years later. This papyrus of St. Matthew belongs to the same class as the famous Sinailc and Vatican codices, and of course Is a re markable corroboration of those texts and the present accepted version. On an Im portant doctrinal point It declares in com mon the exact language : "Joseph, thou son of David, fear not to take unto thee Mary, thy wife, for that which Is con ceived In her is of the Holy Ghost." This papyrus is the oldest fragment of the gospels, or, indeed, of the New Testa ment. Dr. Wlnslow states that valuable papyri of Homer. Thucydldes and Euclid are ateo In the collection. The papyrus of Thucydldes contains no less than chapters xxvl-xil of his fourth book, which dates from the first century". "Very fortunate, too," says Dr. Wlns low, "Is the" University of Pennsylvania to possess a splendid papyrus of a large part of the fifth book of the Iliad In very good text- It dates a little later than 200 A. D. The accentuation Is full and somewhat unique. "The petition of DIonysia to the pre fect, dating ISO A. D., Is a legal document of many pages, full of just such refer ences to precedents as one finds In peti tion and argument to our Supreme Court , of 1901. DIonysia claims her right to property conferred by her marriage con tract, and enjoy the Income of it, without the Interference of Chaeremon, her father. "A bit of Euclid of the third century Illustrates proposition five of the second book, and papyrus 930 reveals the fact that private syndicates existed at S3 A. D., for It states how a company of residents got together to do some banking at the village of Tuxls the banking of the Nile, not of funds. Is meant In order to keep their lands from being too much watered. "All In all. these papyri form a won derful collection for any library or mu seum to possess. A Phlladelphlan last season sent to the Egypt exploration fund office In Boston a check for 5750, and Dr. Wlnslow says that is why Philadelphia reaps .so handsome a return.. in papyri, as well as antiquities. All subscriptions to SUSHI mSmm A Night hair Ca You can sleep like a top In a Bur lington chair car. The air Is good; the car Is not TOO warm, and your seat, when ad justed at the right angle, is nearly as comfortable as a couch. Cover yourself with an overcoat or shawl; get a pillow from the porter and there you are, rcatiy for a comfort able night. At 10:30 the lights are lowered, and from that time until morning the car Is almost as quiet as your own room at home. Omaha, Chicago. Kansas City, St. Louis and EVERYWHERE beyond. T1CKETOFFICE: Cor. Third and Stark Sts. n. W. Foster. Ticket Agent. 4:00 P : 117 SO A- M OVEKLA.NO KX Pl'.Esa TKAl.Na. tor iSalcm. i;oa burg. Ashland, sac ra m e n to. ugden. San Krtncisco, Ho jave. Los Angeles. t;i Paso. Xcw Or leans and tho Kast. At Wood burn (daily except Sun day), morning train (.ounccu Willi train for ML Angel, all- e r i o n, Uruwm vllle. Sprtngtl eld. and Nitron. and eenlns train tor Mt. Angel .nd all- erton. Albany passenger Corvallls passenger iU:50P. M. shrridan pass'gr '1:43 A. M. 7:20 P. M. 10:10 A. M 5:50 P. M. S:25 A. M Pacific Coast Steamship Co, FOR ALASKA. The Company's steamships COTTAGE CITY. SEXATUK and AL.-K1 kave TACOMA 11 A. M.. SEATTLE 0 P. M.. Fob, 4. 0, 14. IK, Zi, March 1. 0. 11. 10. 21. 20. 31. Apr. 0. Steamers leave every nun day thereafter. For further In formation obtain Company a folder. The Company reserves the right to change steamers, sailing dates and hours of sailing without previous notice. AGENTS K. POSTOX. 249 Washington St.. Portland. Or. F. W CARLETON. N. P. R. R. Dock. Tacoma; Ticket O.'nce. 01S First ave.. Seattle. M. TALBOT. Comra'l Agi.. C.W. MIL LER Asst. Gen'l Agt. Ocean Dock. Seattle; GOOPALL. PERKINS & CO.. Goa'1 Agents. San Francisco. wmrn ' MflWi Dally. UDaliy except Sunday. Kcunt" tickets on a.o uetween Portland, Sac ramento at.U au raiii-j8.u. fet rules $17" Urn v.lw and $11 stcouu clu-ss, including sleeper. lt.it.s una rickets to Eastern ponus ana u rope Also IAHAN. CHINA. HONOLULU and AUSTRALIA. Can oe obtained trora J. B. 1C1KKLAND. Ticket Ac-nt. HI) Third streic YAMHILL DIVISION. Pwsenger Ueptt. tool or Jetleraon street. Leavf for usweo dahy at 7.2i. '0:40 A. M.; i- m loo. o:2S. -t.-lo. "&. a-3u. ll.oU P. M-; auii y-uu A M. oa aut.uajs only. Arrive at vortl.-uid uall at U.aS. a.Jo. 10 50 A. M.; 1-35 1 10 4:.. '15. " lo:wo M-J 12:4(' A. M daily, escept Monday. s:30 and lu:05 A. M on Sundays only. Leave for Daliaa dally, except Sunday, at .P m. Arrive U Portland at 1):30 A. M. Pnmtrit-r rala leaves Dallas for Alrlle Mon aS Wednefdays nd F.ldajs at 2.45 P. M. Returns Tue-las. Thursday and Saturday. Except aunuajr. C. H. MARICHAM. Gen. Frt. & Pass. Agt. 1L iCOKHLFR. Mar.ajer RIsMBweatNobthebhI if. a Tickit Office 122 Third 5t ' Phone 680 LEAVE No. 4 rt.00 P.M. The Kl er. dall7 to and ARRIVE from si. Paul. Mlnne- . 3 Rpolls. Duluth. Chicago and all points Easu 7.QU a. ai Through Palace and Tourist Sleepers. Dlnln snd Buffet Srnoklng-Llbrary Cars. JAPAN - AMERICAN LINE STEAMSHIP IDZUMI MARU For Japan. China and all Asiatic points will leave Seattle About March 4th Astoria & Columbia River Railroad Co. LEAVES UNION DEPOT. 8:00 A. M 7:00 P. M For Muygers. Ualnlei, Clatskauie, Westpurt. Clifton. Astoria. War renton. Flavel. Ham mend. Kort Stevens. Gearhart Pk.. Seaside. Astoria and Seashore Express. Dally. Astoria. Express. Daily. ARRIVES UNION DEPOT. 11:10 A.M. 0:40 P. M. WASHINGTON & ALASKA STEAMSHIP CO Fast mall, express and passenger service .for SKAGWAV. calling at Port Townaend, Van couver. Ketchikan and Juneau, connecting with White Pass & Yukon Route for Dawson. Atlln and all Yukon River points. Through bills of lading Issued. SS. CITY OF SEATTLE on March 0. 10 and 20. PS. VICTORIAN on March 3, 13 and 23. From Seattle at S P. M. DODWELL & COMPANY. Ltd.. General Agents. 252 Oak st. Telephone Main OG. Ticket office 255 Morrison at. and Union Depot. J. C. MAYO, Gen. Pass. Agl., Astoria. Or. WHITE COLLAR LINE STR. HERCULES takes the place of UAILEY GATZERT tAlder-street Dock). Leate. Portland dally every morning at 7 o'clock, except Sunday. Returning, leuves As toria every night at 7 o'clock, except Sunday. Oregon phone Main 351. Columbia phone 25L Steamers Altona and Pomona Dilly tex. Sunday) for Independence. Salera and all way landings. Leave Portland 0:45 A. M.: leave Salem b A. M.; Independence, 7 A. M. Office and dock, foot Taylor st. .