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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 26, 1903)
THE MOKNING f OREGOKIAN, THUBSDA:g. MAE OH 26, 1903. 15 PLENTY OF PRODUCE Market Liberally Supplied With All Varieties. GROCERY TRADE PICKING UP Grain Markets Dull WItk Xe Per. eisn Inquiry Hops Q,alet Here and in the Eaat Facts About T&g. Cereal Wheat, quiet, -weak; bailer oats, dull; flour, weak; jnlll feed, steady. Hops Dull, weak and uncertain. Wool Oregon nominal In the But. Country Produce Eggs, plentiful and weak; poultry, firm; butter, steady. Green Produce Oranges, firm; ap ple, steady; potato? . steady; onions, weak; early truck, plentiful and gener ally lower. Groceries Package coffee, ( lower. Meats Beef and mutton, scarce and higher; pork, unchanged. Provisions Hams, higher; shoulders and bacon, lower; lar unchanged. Jobbers In produce lines report a continuance of the good business that began with the return of Snrimr weather. In groceries and mercnan dlse. a fair trade Is under way, with prospects of a good Increase as soon as country roads have Improved. The grain markets are dull. with few offerings, and those taken by millers at reduced prices. Hops are lifeless. Business Is fairly good in live and dressed meats and provisions. WHEAT There Is no Inquiry for wheat. either from Australia or the Cape. What few sales are made are to millers within the range of quotations. "Very little wheat remains In the country, and holders, as a rule, are not willing to let go at ruling prices. Less than a dozen cargoes will be despatched during the rest of the season. The fleet in port numbers only three vessels, of 4676 tons. At this time last year the tonnage In port was 42,622 tons; in 1001. 23.G20 tons, and In 1900. 5745 tons. The fleet cn route consists of 26 vesesls, aggregat lng 40,610 tons as compared with 33,010 tons at the same time last year, 62,760 tons in 1901, and 70,273 tons in 1000. The position of the world's wheat markets is stated by J. W. Bush, of London, in the North western Miller of March 18, as follows: There has been a slight Improvement in the. wheat trade this week, but not much activity. The shipments from Russia have fallen off ma terially, and as wheat seems difficult to obtain from America In any large Quantities, me market views the large shipments from Argen tina, which is now the leading source of sup ply, with a certain amount of equanimity. It is obvious, however, that these large Argentine shipments, 810,000 quarters during the past five weeks, against 300,000 quarters in the cor responding period last year, serve to check any disposition to buy at all freely or to speculate in forward purchases. It Is probably true that all over Europe there is, and for some time has been, a disposition to buy only for Immediate requirements, owing to the expectation of these heavy exports from Argentina. The result la that stocks every where are small, and prices have exhibited a degree of firmness -which .has, been quite unex pected. The probability is that buyers will ad here to this attitude of reserve until something definite be known with regard to the growing crops concerning which it may safely be said that the present prospect is for smaller yields than last year in France and Germany, and a decidedly smaller crop in Russia. Some very good samples of new La Plata wheats are obtainable, but these wheats lack the strength which is so much a desideratum in London and the south of England, so that the prices obtainable are relatively low, vis., 28s per 4S0 pounds c 1. f. for 61 pounds up to 29s 3d for C3 pounds guaranteed. On the other hand, London millers are paying Sis 3d per b0 pounds c 1. f. for No. 1 hard Manitoba wheat, and 20s Cd 31s per 402 pounds c. i. f. for Rut elan wheats. The stock of wheat in London remains very email, being on March 1 about 80,000 quarters, against 125,000 quarters last year, while of flour the stock is reduced to 175,000 sacks, ' against 325,000 last year. Liverpool's stock of flour Is 73,000 sacks, against 191,000 last year; and Glasgow's stock 63,650 sacks, against 127, 735 last year. The smallness of the present stocks of foreign-made flour in our ports is In deed remarkable. It may be Interesting to you to know that the council of the National Association of British and Irish Millers at their meeting last week re eolved to draw the attention of the Chancellor of the Exchequer to a paragraph which ap peared in the Northwestern Miller last Sep tember, to the effect that, owing to the repre sentations of the American export millers, the American railway companies had agreed to car-, ry flour destined for export at 2Vio per 100 pounds less rate than that charged for flour destined for tho home markets. The council argues that this proves that the American rail way companies are paying part of the duty, which Is M per hundredweight, and that there has been no rise in the price of flour as a direct consequence of the duty. It will also be pointed out that the British im ports of foreign flour this season are only 8 per yea! th&Q la MrresPoa4l15 Period last All Oils Is. of course, intended to counteract any effort which might be made to Induce the Chancellor of the Exchequer to suspend these duties. The general opinion in Partiament! fh!TTL??m? t0 8tay- a. a fact, part of the "widening of the basis of taxation" Afloat for- United Kingdom "am Continent ToS Port stocks. U. K..... Stocks in French ports 1T Paris .. . cf Antwerp . A Four German centers! I l&o Russian ports 3,200 Total, Europe 0,632 Argent ?Jig Grand total. March 1.. 17 207 ,,n -- .. i....i(.ss 21.355 20 700 ataSl""'1 f 1-.20-.000 quarters is eSrf totaYt ?Martera below th rgest coraea total at this season, vlr.. In igoj weifI" ETC-The flour market is ZlTJZ thy w,ta undertone of the wheat market, a decline of 35c was recorded grades remaining unchanged. There has been no alterauon in the foreign situation, th. de mand from the Orient remaining even. The China steamer due the latter part of the .week lll take out the customary amount The market for mill feed remains quite steady, and despite the weakness in flour and wheat It is not difficult to maintain previous Quotations. In oats and barley the tendency 1. toward softness, but prices are not yet mate rially lower. HOPS-The market Is very dull, and dealers Quote it weak. Trading Is practically at a standstill. A few growers appear anxious to sell, but buyers' are out of the market. The predicted improvement at the close of the month has failed to materialize, and the trade takes & pessimistic view of the outlook. Stocks in dealers' hands in the East are small. Brew ers in many instances are reported as poorly supplied, not having more than sufficient sup plies oa hand to meet their Immediate wants: 1902, leoi, qrs. qrs. 3.075 f,25 2.045 T.070 1.700 2.000 123 75 355 610 140 175 200 235 050 1,100 .S.590 9.090 11.230 10.960 320 420 0.470 0.660 still f eariar a- deelise In prices they prefer to bold off tmtn forced Into the market as buyers by their actual necessities. Mail advices re ceived from England reported a very similar situation existing there. The New York Jour nal of Commerce of March 21 says: An unchanged, quiet and steady market "was reported locally. Buyers generally were re ported as holding off. but offerings were small, due to light stocks, and prices were well main tained op the basis quoted. No new develop ments were reported from up the state or the Coast. Hugh F. Fox, in a letter of recent date to the trade, says of hops: "New Tork buyers have been taking a census of the hops still in the hands of growers and dealers in the Pacific Coast on March 1. The result is surprising. Here it is: Oregon. 18,000 bales: California, 14, 000 bales; Washington. 5000 bales. Add to this the stock in the hands of New Tork growers and dealers, and the total supply is easily 45, 000 bales." Other firms, in commenting jipon the above figures, say fh&t since March 1 about 2000 bales have been marketed on the Coast, and that they place the stocks now in growers' and dealers' hands on the Paclflo Coast at 14.000 bales In Oregon, 10,000 bales in California, and 5000 bales In Washington a total of 20,000 bales. Stocks In New Tork growers and dealers' hands are estimated at 000 bales, making a grand total of 37,000 bales. WOOL The mohair market will open this year at about 30332c No business of Import ance Is expected before the sale of the pool at Dallas. April 11. The American Wool and Cotton Reporter of March IB says of Oregon wools in the East: Oregon wool has attracted but little attention, and prices are nominal in the absence of trans actions. No. 1 clothing Is quoted at 50c, clean, and staple wools about 53c Eastern Oregon clothing, good stock, is quoted at 1516o in the grease. California wools have been almost neglected. A few small lots for piecing out purposes have been sold, but the business has no significance. Prices are unchanged. Defective stock has sold around a third of & dollar, clean, and nice northern wool at 52c, clean. Good free Fall has been taken at 45c, clean. Sales of new wools in California -are reported, at 912o for southern wool's. San Joaquin wools are report ed to have sold at 12?13c Tho Reporter quotes Oregon wools at Eastern seaboard markets: Eastern staple, 1718c per pound; Eastern Oregon choice clothing, 156160; do average, 1314c; do heavy. 12313c; "Valley Oregon.' No. 1, 2021c; do No. 2, 2021c; do No. 3, 19g20c; do lambs, 16017c. FRUITS AND VEGETABLES Citrus fruits, bananas and apples furnish all the r"rlffll available in the fruit market at present. The supply of tropical and semi-tropical products Is ample for requirements. Oranges are firmer In the San Francisco market, but the local sup ply is too large to admit of a corresponding advance. Apples are quite plentiful, two or three carloads arriving during the week. The quality Is good for tie time- of year. Receipts of garden truck from the south are again coming to hand regularly, and the mar ket is sufficiently supplied with all early -varieties. Asparagus and a few other articles have a downward tendency. Cabbage Is again In good supply, but is firmly maintained by rea son of & strong, steady demand. Potatoes are steadier at San Francisco, which helps the tone of the local market, but does not improve prices. Choice potatoes aro in good demand, but Inferior stock is hard to dis pose of. New potatoes are in market but meet with slow sale. Sweets are scarce and higher. Onions are quiet and unchanged, The San Francisco market gave promise of improv ing. but was depressed by the arrival of two rarlots from Nevada. COUNTRY PRODUCE The principal Interest centers in eggs. The market Is heavily stocked and is undeniably weak, but the situation is not hopeless, as fair orders from the north have aided somewhat to keep down the accumula tion. It is also reported on good authority that a considerable quantity Is going Into storage, though It is rather early for this. Exact quota tions are difficult to obtain. The market ap pears to be M14tic but even the lower price has been shaded. On the other hand, one or two large sales have been made at 15c Poultry has been In liberal supply, but a steady Inquiry, especially for young chickens, has kept prices even during the week. There is no change to report In butter. Offer ings of Oregon fancy creamery have been light. but regular receipts of choice California butter have operated to hold values at a steady basis. GROCERIES, MEATS, ETC. The staple gro- ery lift has undergone no change during the week except a decline of He in Arbuckle's cof fee yestorday. The cut was not met up to the close of business by the Lion people. Lire and dressed meats have moved freely. The scarcity of beef and mutton resulted In an advance of Uc In the former and c in the latter. Pork is in better supply. In provisions, the changes of the week were declines of He each in shoulders and breakfast bacon and an advance of lo In hams. t EASTERN LIVESTOCK!. Prices Current at Chicago, Omaba aad Kaaiai City. CHICAGO, March 25. CatUe Receipts, 24, 000. Market CQlSc lower. Good to prime steers, $5S5.E0; poor to medium, J3.7C24.60; stockers and feeders, J2.75g4.S5; cows, $1,503 4.C0; canners. $L502.75; bulls, $2.2524-50; calves. $3Cf3.65; Texas fed steers, $4tj?S0. Hogs Receipts today, 27.000; tomorrow, 20, 000: left over, 7000. Market 15 20c lower. Mixed and butchers, $7.307.5S ; good to choice heavy, $7.557.70; rough heavy, 47.255J7.55; light. $767.40; bulk of sales. $7.S57.55. Sheep Receipts. 15,000. Market for sheep steady to strong; lambs steady to 25c lower. Good to choice wethers. $6.706.50: fair to choice mlved, $4505.60; Western sheep, $5.25 06.50; native lambs, 15J2&27A0; Western lambs, $5.5037.55. KANSAS CITT, March 25. Cattle Receipts. 6000, Including 1000 Tcxans. Market steady to lower. Native steers, $3.2565.25; Texas and Indian steers, $3.5034.40: Texas cows, $263.25; native cows and heifers. $1.5034.50; stockers and feeders. $3.2004.50; bulls. $2.5064.50; calves, $267; Western steers, $365; Western cows, $1.9063.05'. Hogs Receipts. 8000. Market 10615c lower: bulk of sales. $7.257.37V&:. Heavy. S7.so 7.37H; packers, $7.1567.80; medium, $7.2567. 40; light, $7.i03jii.3o; 1 oners, s.3067.35; pigs, $6.1567. Sheep Receipts. S000. Market steady. Mut tons. $3.8066; lambs, $467.25; range wethers. $3.5066; ewes, $3.7565.90. . OMAHA, March 25. Cattle Recelps. 5500. Market slow and 10c lower. Native steers. $465.30; cows and heifers. $3.2564.15; canners. $263: stockers and feeders, $364.70; calves. $366.50; bulls, stags, etc., $2.5064. Hogs Receipts. 11.000. Market lOfilSc lower. Heavy, $7.2567.35; mixed, $7.2067.25; light. $767.20; pigs. $0.5037; bulk of sales. $7,202 7.25. Sheep Receipts, 500. Market strong. Fed muttons. $666.65; wethers, $5.5066.40: ewes. $465.80; common and stockers. $264.75; lambs. Mining; Stocks. SAN FRANCISCO. March 25. Official closing quotations for mining stocks: Belcher $0 56Mexlcan Si as Bertt Belcher... 2 OOjOccidental Con 40 uumon ?Ophlr ........ 3 US 50 33 34 24 90 Caledonia 1 40 Overman Challenge Con ... CliPotosl Chollar 39 Savage Confidence 1 50ISec. Belcher . Con. CaL & Va... 2 05Slerra Nevada Crown Point .... 37Sllver Hill ... 62 Gould & Curry... 3ii Union Con 1 05 .tiaie et orcross. oiutan Con ....... 2S Justice 12)Yellow Jacket .... 45 NEW TORK, March 25. Mining stocks todav closed as follows: Adams Con $0 20!Little Chief $0 09 Alice 25iOntario 5 50 Breeos 25OphIr I 35 Brunswick Con .. SiPboenlx s Comstock TunnoL 10 Potosl in Con. Cxi. & Va 1 90lSavage S2 Horn Silver 1 25Slerra Nevada ... S3 Iron Silver ...... 1 05!SmaI Hopes ..... bo Leadvllle Con ... 3 Standard 3 10 BOSTON, March 25. Closing quotations: Adventure .....$ 10 OOjOseeola. $ 70 00 Amalgamated . 67 S7iParrott ........ 30 00 utny i esi .... wiwuincy 117 00 Btnrham ..... 33 50) Santa Fe Cm... ? vi Cal. 4; Heels.... 530 OOiTamarack 103 00 Centennial .... 26 25 Trlrcountain ... rvi v Copper Range . CS 50jTrtnity 11 00 Dominion Coal. 114 50'Utta .......... 23 25 Franklin 11 Victoria. 6 75 Isle Royal 12 OOJWlnona 01 23 Mo&awic 53 soj Wolverines .... 73 50 Old Domtoloa . IS 501 APPLES QUIET AND EASY CITRUS FRUITS IX FULL SUPPLT AT SAN FRANCISCO. Old Potatoes Slevr and "Weak, "With Excessive Stoclts Batter Lew Pleailfal aai Firm. SAN FRANCISCO. March 25. Special.) Flour Is steady. March exports will eaxeed 70,000 barrels. Wheat opened weak, but closed firmer, in sympathy with Chicago. OatB are dull and easier. Bran is dragging, bat middlings are firm. The feature of the fruit market was the auc tion sale of 11 carloads of navel oranges at lower prices. Fanciest Red land navels brought only $2.15. and poor standards went aa low as 40c This- had a depressing influence on the open market for .oranges, which Is overstocked. Other citrus fruits are in ample supply and quiet. Poor bananas are offering freely, but nice stock is scarce. The apple market Is quieter and a shade easier for general offerings. Old potatoes are slow and weak, with stocks excessive. Arrivals of new potatoes are still light. Another car of sweets Is expected to morrow. Onions are slower and easier, with moderate arrivals from Nevada and New Zea land. Rhubarb had a further decline under receipts of 1100 boxes. Asparagus Is In liberal supply and easier. Green peas are steady un der moderate receipts. Other green vegetables are scarce and firm. The poultry market was scantily supplied with desirable stock and firm. Another car of Eastern is due tomorrow. Butter Is in less sup ply, most dealers asking lc advance. Fears are expressed that a further rise will check the outside demand. Cheese is weak. Eggs are cleaning up well, with prices higher. Re ceipts, 39,200 pounds of butter, 1900 pounds of cheese. 46,560 dozen eggs. Quotations were as follows: VEGETABLES Cucumbers, ?5&$2; garlic 262Hc per pound; green peas, 567c per pound; string beans, - I5o; asparagus, 368c; tomatoes. $262-50; onions, 20635c. FRUITS Apples, choice, $1.75; do common, 60c; bananas. $1.2562.50; Mexican limes, $46 4.50; California lemons, choice, $2.50; do com mon, 75c; oranges, 75c6$2.25; pineapples, $3514. POTATOES Early Rose. $1L15; river Bur- banks, 05650c; river reds; 30635c; sweets. $1.S5: Oregon Burbanks. 556S5& POULTRY Turkey gobblers, 15617c; do hens, 15617ct old roosters, $565.50; young roosters, $768; small broilers, $464.50; large broilers, $566; fryers, $67; hens, $566; old ducks. $566; young ducks, $668. BUTTER Fancy creamery, 26c; do seconds. 25c; fancy dairy, 24c; do seconds, 23c J3GGS Store, I4H615c; fancy ranch, 17c CHEESE Toung America, 13H614c; East. am. 16617&C. HAT Wheat, $1114; wheat and oats, $110 13; barley. $10613; alfalfa, $10612; straw, 45 S52Hc per bale. MJLLSTUFFS Bran. $20021;. middlings. $23 627. HOPS 22ff2c per pound. RECEIPTS Flour. 20.05S Quarter sacks; wheat. 30 centals; barley. 4063 centals; oats. 450 centals; beans, 2391 sacks; corn. 1250 cen tals; potatoes. 1310 sacks; bran. 1615 sacks: middlings. 655 sacks; bay, 53S tons; wool. 329 bales; hides, 3S5. PORTLAND MARKETS. Grain. Floar. Feed. Etc. WHEAT Walla Walla. 78c; bluestem, 3c; valley, 76Q7c BARLEY Feed, $23.50 per ton; brewing, $24; roned. $23. OATS No. 1 white, $L15L20; gray, $1.124 Wi.10 per cental. MILLS TUFFS Bran, $10 per ton; middlings. ii; snorts, iiw; cnop, sib. HAT Timothy, $11612 clover, $S3; grain, per ton. " FLOUR Valley, $3.6063.70 per barrel; bard wneat straights, $3.5063.65; hard wheat pat' ents, $3.9564.25; Dakota hard wheat, $4,106 l; uranam. $3.4563.85. Batter. Eggm, Poaltry, Eto. BUTTER Fancy creamery, 3032o pound: dairy, 20622Hc; store, 15618c pet iruuijiiti imcKena. mixeo, lzzjiza per pound; young. 13614c; hens, 12613c; turkeys, live, 10 17c; dressed, 20622c; ducks, $7g7.50 per aozen; geese, $538. CHEESE Full cream twins, 16017i4c; Toung America. 17H618Hc; factory prices 1ft lc less; Eastern, 17617tfe per pound; Cali fornia, 1661SHC Errs Oregon ranch, UQlVfai. "Vegetables. Frait. Etc VEGETABLES Turnips, 8090o per sack; carrots, 80600c; beets, $1 per sack; parsnips, $1 per sack; cauliflower, $1.65 per crate, cab- uages. g per pouna: rea caDoage. zc per pouna; ceiery, $3..o per crate; lettuce head, 35c per dozen; hothouse, $1.75 per box; green onions, per dozen, 12Hc; Brus sels . sprouts, 6a per pound; squash. 2c per pound; peas, per pound, 10c; parsley, per dozen. 25c; radishes, 25c; green artichokes, S0cg$l per dozen; asparagus, 12c per pound; rhubarb, 7Hc per pound; cucumbers; $2 per dozen; tomatoes, $3.50 per crate. DOMESTIC FRUIT Apples, table, $162 per box; -cooking. 75g85c; cranberries, Jersey, $11. TROPICAL FRUIT Lemons, $2.75g3.25 per box: oranges, navels. $263 per box; tanger ines, $2; grape fruit, $2.50 per box; bananas, $2.2563 per bunch. DRIED FRUIT Apples, evaporated. TUc per pound; sun-dried, sacks or boxes, 566c; apri cots, S3 10c; peaches, 76ic: pears, ?&8BKc; prunes, Italian. 4H66c; figs, California blacks. 6c; do white. 7Hc; Smyrna, 20c; plums, pitted, 4V45c RAISINS Loose Muscatel, 4-crown, 7&o; 3. crown, TKc; 2-crown, 8c: unbleached, seedless Muscatel raisins, 7Hc: unbleached seedless Sal tans, 6c; London layers, 2-crown, whole boxes of 20 pounds, $1.85; 2-crown. $1.75. HONEY 15c per No. 1 frame. POTATOES Best Burbanks. 50660c per sack; ordinary, 40650c, growers' prices; new pota toes, 4c per pound; Merced sweets, 363Hc ONIONS Oregon and Washington, 40650c per cental. Groceries, ShU, Etc COFFEE Mocha, 23623c; Java, fancy, 244 32c; Java, good, 20624c; Java, ordinary, l&a 20c; Costa Rica, fancy, 18620c: Costa Rica, good 16618c; Costa Rica, ordinary, 10612c ter pound; Columbia roast, $11.25; Arbuckle's $11.75 list; Lion. $11.75. SALMON Columbia River, 1-pound tails, $1.65 per dozen; 2-pouad tails. $2.40; faacy 1-pound fiats, SLSO; H-pound Cats. 11.10: Alaska pink, 1-pound tails, C5c; red, 1-pound tails, $10; sockeye, 1-pound tails, $1.50; 1 pound flats. SI. 60. BEANS Small white, 4Hc large whits, 4c; pinks, 3?c: bayon. 3?ic; Lima, 5Kc per pound! RICE Imperial Japan. No. 1. J5.62H: No. 2. $5,124; Carolina head. $7.26; broken head. $4. euuAit-oicK oasis, nei casn, per 103 pounds; cube. $5.SS; powdered. $5.20; dry gran slated. $5; extra C, $4.50; golden C 34.40. Advances over sack basis as follows: Barrels. 10c; half -barrels. 25c; boxes. 50c cer 100 pounds. Maple. 15616c per pound. Beet sugar, granulated. $4.90 per 100 pounds. NUTS Peanuts, 6c per pound for raw, Sff SHc for roasted: cocoanuts. S5390c per dozea: walnuts. 13H614Hc per pound; pins nuts, 109 12Hc; hickory nuts. 7c; Brazil nuts. 16c: fil berts, 15616c; fancy pecans. 17c; almonds, HQ 10c; cnesmuis. idc SALT Liverpool. 60s, 45c per sack: bsJf ground, per ton. 50s. $14.50; 100s, $14; "Worces ter salt. bulk. 320s. $5 per barrel; linen sacks. 50s. SSc per sack; bales. 2s, 3s, 4v. 6s and 10, $2.10 per bale. OILS Coal oil. cases, 23c per gallon: Iron barrels. 16&c; wood barrels, lBc; linseed. boiled, cases. C9c; barrels. 54c; linseed, raw. cases. 57c; barrels. 52c; gasoline. Iron barrela. ID Vic; cases. 28c: turpentine, cases. SSc: wood barrels. S4Hc; bulk. S2c; 10-case lots. 87c Collier and Atlantic white and red lead, in lots of 500 pounds or more. 6c; less than 500 pounds, 6Hc. Meats aad FrovialoH. BEEF Gross, cows, $3.2564; steers. $4.2535: dressed. 6Lg7iic per pound. VEAL S60c per pound. BACON Portland. 15617He per pound: East. era, fancy, 17 Vic I standard, heavy. 15V4; bacca bellies. 15Hc MUTTON Gross. $563.50; dressed. 6H69c HOGS Grots. $767.25; dressed. 7H6Sc HAMS Portland. 14615tfc per pound; picnic lOHc per pound; Eastern, fancy, 145?lVic LARD Kettle rendered: Tiarces. 12ie: tubs. ISc; 50s. 13c; 30s. 1354c; 10s. 13ic; 5s. ISHc Standard pure: Tierces, 12c; tubs. 12Mc; 50s. 12Vic: 38b. a2Hc: lOs. 12ic; 5s. 12c Cos- pound lard, tierces, SSc; tubs, 9c SAUSAGE Portland, ham, 12V per petiad: oea batss. )&e; ganaaer. eafttce- dry, lTUr. bologna, leag. Se; wetaerwwsts, 9e; Hrer. 7c: perk, Se: Meed, 7e,' bead efeeeee, 7e; betegaa sausage link. 7V4c- PICKLKD GOODS Portland, pigs feet. Vr rrels, $; U-barrels, $2.88; IS-psaas kit, J1-26- Tripe, Vi-barrel. $5.58; -barrels. $2.75; 15-pound kit, $1; pigs tongues. J4-barrel. $. DRT-SALTSD MEATS Portland dears. 12 13ttc; backs. ll12c: experts. 28C2 pounds average. 12H913Kc; bsttx. Sgiec, Hops, tVooI. Hides, Etc HOPS 1802 crop. 21628c per poaad. HIDES Dry hides. No. 1. 16 pounds a&4 up, 15615H per pound: dry kip. No. 1. 5 to 13 pounds. 12c; dry calf, Nol 1. under 5 pounds, 10c; dry salted bulls aad stags, oae-thlrd leas than dry flint; salted bides, steers, sound. 69 pounds aad over, S9c; 50 to 60 pounds, 78e; under 50 pounds and cows, 7c; stags and bulls, sound, 5fKc; kip, "sound. 15 to 20 pounds, 7c; tcu. aouuu, tv iu yuuaux, ic; call, SOUBd, under 10 pounds, Sc; green (unsalted). la per round less: culls, lo per pound leu- hides, salted, each, $L502: dry, each. $1 common, each. 10615c; Angora, with wed oa. each. 25c$l- ' TALLOW Prime, per pound, 45c; No. 2 aad grease. 2H?3c WOOL Valley, 12Vi15c; Eastern Oregoa. Sffl&c; mohair, 3032c REACTIOX IX "WHEAT. May Option Closes Strong: and HlBh- er at Cklcaeo. CHICAGO, March 25. There -was a reaction in sentiment in tho wheat pit. and during the greater part of the session the market exhib ited considerable strength. The opening was weak, with an apparent pressure to sell by the professional outside holders. Influenced by the lower cables and the favorable weather. May being a shade to HSHc lower, at 7151672c Covering by shorts- and small asa receipts caused a rally early in the day, after which the -market held fairly steady until late, when the buying of May by commission .houses lent additional strength, and May sold up to 72Vgc The close was e up, at 72672Tc There was n cofeature to the trading In corn, and- the volume of business was.ru. ther light. The close was strong. 4SVc higher for May, at 43V&C Contlnued liquidation in oats by outside hold ers was the feature of the early trading, but the late strength in wheat caused the early sellers to turn buyers. The close Was at the top. May being V46Ho higher, at 32V4c Provisions were dull, with trading confined largely to local Interests. Opening prices were lower on increased bog receipts and -a decline in prices at the yards, but the market received good support from packers, and prices soon rallied. The late strength in grains added to the advance, and closing prices were strong. with May pork 15c higher. May lard 10c higher, and ribs were up 2VJc The leading futures ranged as follows: WHEAT. Opening. Highest. Lowest. Closing. Mar ?0 719i $0 72 $0 71 $0 72 0 70U 6S September CSV. 69 CORN. May ;.. 42 43U 424 43tt July 43 43g 43 43$ OATS. May ........ 31V4 32tf 31M 32U July 3014 30Vi 29. 30j MESS PORK. May 17 65 17 95 17 65 17 95 July 16 90 17 15 16 90 1715 September ...16 70 16 87t 16 70 16 87H LARD, May 0 90, 10 10 July 9 65 9S2W September ... 9 67yS 0 S2t SHORT RIBS. May 9 70' 9 78 July 9 40 0 52V. September ... 9 35 0 42 090 965 0 674 9 70 030 035 10 10 9 82V. 0 82 9S5. 9 52V 9 42V Cash quotations were as follows: Flour Dull and easy. Wheat No. 2 Spring 75676c; No. 3, 73c; No. 2 red, 7071c Corn No. 2 and yellow, 41c Oats No. 2, 31ic; No. 3 white, 32634c Rye No. 2, 49c Barley Good feeding, 41c; fair to choice malting, 47650c Flaxseed No. 1 Northwestern, $1.10? Mess pork-$17.9017.95 per bbl. Lard-$10610.12V per cwt. Short ribs sides Loose. $9.759.65. Dry salted shoulders Boxed, $10.37310.&0. Clover Contract grade. $12.50. . Receipts. Shipments. iour, Darreis 54.000 25,000 Wheat, bushels C2.000 27.000 Com, bushels .161,000 21C.000 uats, Dusnels 408,000 314,000 S"; 61.000 4.000 Barley, bushels 82.000 9,000 Grain and Produce "at New Yorlc NEW TORK. March "V TnntitwTj-.int. 30,265 barrels; exports. 13,686 barrels. Market quiei ana Dareiy steady. Minnesota patents, $3.9064.20. 1 Wheat RecelDtS. 30.100 rmnheln? rrJifl, Trt 000 bushels. Market for spot firm. No. 2 red. 0-7,1 w, o. aiioai; ro. 1 HOTlflern DUIUth, 86Vic f. o. b. afloat. Options declined slightly after the openlrur. on lower cahl. Ymt thia oa covering, and were Arm all day. After noon. iao uemanu was cnieny lor May, and. Impelled by reports of liberal export sales, the market closed firm, at 4SV4e advance. 81VSc; May closed 77Hc; July closed 75VSo; Sep- lemoer ciocea infta. Butter Receipts. 9200 naekae. nrT-vf settled. State dairy. 17e27e: pfm, n. June creamery, 19628Hc ' ' i-BSs Receipts. 23.500 packages. Market firm. State and Pennsylvania lit:. tTr.. un candled. 14V4c Hops, hides and "wool Quiet. Grain at San Francisco. SAN FRANCISCO. MaroH TV,. , Barley stronger. OaU quiet. apoi quoiauons: Wheat ShiDDlnr. ii.:tMjiu, n.. $1.47V461.57H. " ""Ulas' Barley Feed. $1.12401.15: brtrinD. ti -ici 1 o. ' Oats Red Si.lTilfftii an. -n.vi .. black. $1.12V561-20. can board sales: Wheat Weaker: Mnv 'si n t , $1.20 bid; cash. $i42Vi; uariey Stronger: Mav. 31.GTU w- n S7c Corn Large yellow, $1.3531.37K. Earopean Grain Markets. LONDON. March 25. Wheat pa sage, rather easier. English country markets quiet and steady. eu LIVERPOOL. March M Tn,..tn..i... 1 standard California. Oa ti ...V ' - , -iiucm aj2a nour In Paris quiet. French country markets steady. icawue. iu au(iiuu use. Wheat at Tacoraa. TACOMA. March 2SZ-XTh i t bluestem. which sold today at 80c; club un- Metal Markets. NEW YORK. March 25. Declining . - London, where spot was quoted at 134 7s 6d and futures at 134 17s 6d, tin locally was Quiet, but firmer, at 29.25629.75c Copper prices in London declined about 1 7a 6d to 63 15s for both spot and futures, and the New Tork market, reflecting the foreign weakness, was also easier, but dull and nom inal. Standard Is onotn! it nn.. t . electrolytic at 14.50015c and casting at 14.25 QJ4C Lead was unchanged In xor vn.i, n, 1 and in London at 13 5s. ' Spelter, decllnlnir 5s to 1?? ir. i r - - Miuuuu, re mained easy here at 5.65c Iron closed at 67s in Ghjrnw an in Middles boro. Locally iron was aut xr 1 foundrv Northern Is mint o nsx 2 foundry Northern. $22622.50; No. 1 foundry cxjumciu aiiu. .-.u. j. lounary southern soft. $23.50624.50. Warrants are nominal. Car Shortage in CItras Belt. LOS ANGELES. Cal.. Mnrr-h r ri the shortage of transportation facilities, grow ers of citrus fruits in Southern California are confronted with a. srirm mntittA. m j mand for refrigerator cars was never more urgeni iran at present, ana the shortage never more nronounced. 'Vhll wth ,k- and the Southern Pacific have ordered 1000 or more new cars, mis rolling stock will not be available for serried rlnrtnc th r -vj yiuicui SCOn. The dally offerings to the railroads are nearly jw dox cars, ana only BDOUt JTO cars can be moved In any one day. The. result f t-. there Is a congestion of fruit In all the trv. Ing-houses. with no Immediate prospect ot-re-Tlef. It la estimated hv mm. r-m.. .1 - uiAi U1G existing condition may entail a loss of $1,000 -000. ". ' Dairy Pro dace at Chicago. CHICAGO, March 25. On the Produce Ex change today the butter market was firm creameries, 18f27Vsc; dairies, 14624c Eggs Steady: fresh. 1 3c Cheese Steady, 13413Xc SHARP BREAK IN PRICES U2VSTEADT STAXD AGAINST RKAC TIOX IX stock: MARKET. Indications of Organized Bear Lead ership en .he Decline Money. Oatlook Xot Satisfactory. NEW TORK. March 25.-The stock market made an unsteady stand against reaction for a time today, but before the closing, discourage ment had apparently overcome the speculative mind again, and prices broke sharply to the lowest of the day. There were Indications of well-organized bear leadership on the decline. The early resistance to reaction was sustained principally by Pennsylvania and New Tork Central. No other cause was apparent from this but the publication of revived assertions that the control of New Tork Central was vir tually lodged In hand3 friendly to the Pennsyl vania. This assertion was met with denials of varying emphasis, but nevertheless the price of these two stocks rose about a point over last night- This was after the pressure of trade selling was over for the day. The per sistent weakness of the London market Is hav ing a strong sympathetic effect here, and the late upward reaction, in consols was considered a reassuring factor.. But this was not until tho price had broken through 90 earlier In the day. As many British financial transactions are based upon a theoretical possible minimum, of 90 as the price for consols, the fall below that level today was regarded as deeply significant. in our own money market, the feature of the day was the shipment of $500,000 gold to Bue nos Ayres. The usual explanations were forth coming as to the special character of this trans action, but the fact was not altered thai New Tork bank reserves are reduced by that much. With tho renewed demand from the Interior for currency and the continued drain on the Subtreasury. this is the dominant factor in the situation that confronts the financial world. which Is finding continually new requirements for credits at every turn. A Subtreasury credit balance at the Clearing-House this morning for $3 1 1 .747 foreshadowed another heavy with drawal by that Institution to be figured oa to morrow's statement of operations. The decision of the Pennsylvania directors to issue about $83,000,000 new stock at once at $60 per share was "the occasion for the late drive against tho market. There was severe liquidation in Amalgamated Copper, another unsettling Influence. The stock was carried down an extreme of 3V4 In the late dealings on the selling Induced by the violent break in the London copper market. An incident of the day was the selling on the curb market of United States Steel 5s at 86. which was on a parity with the low price of the day for the, preferred stock on tho exchange. The demands formu lated by the employes of the Manhattan El vated Railway kept alive the disturbance of sentiment over the labor outlook. The bond market was irregular. Total sales, par value. $2,130,000. United States 3s, regis tered, old 4s, registered, and new 4s. couDon. advanced V4. and the old 4s, coupon and the new 48, registered advanced Vs on the last call. NEW YORK STOCK MARKET. STOCKS. Atchison do pfd Baltimore & Ohio.... do pfd Canadian Paclflo .... Canada Southern .... Chesapeake & Ohio.. Chicago & Alton do nfi 23.4001 100 9,0001 I 8.900 130 129 1.600 1,200 300 46 46Vi 32V it? 69 Chicago Great Western! 70 1,000 24 24t$ ao a. pia do B pfd. Chicago & N. W Chicago Term. & Tran do pfd C, a, C & St. Louis. Colorado Southern .... do 1st pfd do 2d pfd Delaware & TTitrffuvn 400 100 100 "106 200l 1 26 Del., Lack. & Western! 2001 160 169 uenver & mo Grande do pfd "Erie do 1st pfd do 2d pfd....' Great Northern pfd.., Hocking Valley ...... do pfd Illinois Central Iowa Central do nM 100 700 10,600 1.500 3,900 300 102V, 101 1,600 600 100 36$ Lake Erie & Western!! do pfd Louisville & Nashville. Manhattan Elevated ... Metropolitan Street Ry. 200 42 2.500 5,300 7,200 2,500 100 119VS 133 VI 134 V4 .jieijcau i;enirai ..... Mexican National ... Minn. & St. Louis... Missouri Pacific M.. K. -& T do pfd , New Jersey Central.. New Tork Central... Norfolk & Western.., do pfd , Ontario & Western... Pennsylvania Reading , do 1st pfd... do 2d tiM 13,200 400 500 55H iobo 2.800; 70& 3.200 sow 30U 47.200 18,600 100 14314 1"H 8i St. Louis & San Fran".! 800 SOW! 79 ao 1st pia do 2d pfd..... St. Louis S. W do pfd St. Paul do pfd Southern Pacific Southern Railway ..." do pfd ............. Texas & Pacific. Toledo, St- L. & W3t do pfd Union Pacific do pfd Wabash do pfd Wheeling & Lake Erie do 2d pfd Wisconsin Central ... do. pfd Express Companies Adams American United States Well's-Fargo 100 69 cof. 600 60W 56 44,700 200 166 185r 164 VI 185U 14.300 6255 4.800 600 ran 82 200: 300, 36,300 300 . 800! 9,000 26V1 42 90 43 91 2S4 w 28 OOft 494 700 25VJ 300 4B 48 Amalgamated Copper . 93.300 68 Aiucr. var r ounury. do pfd , American Linseed Oil., do nfd 700 Amer. Smelt. & ReflnV 4.300J 4SV4 4IH ao pia ............... Anaconda. Mining r 100 2.300 Brooklyn "R.mM ts-oLI. 116 114 1.000 Colorado Fuel & Iron.. 66 66 C5V4 1.000 consolidated Gas Cont. Tobacco pfd General TTIivfiH,. UO 1.300 207V4 206 100: 200 113Vs 103 113U Hocking Coal International Paper ... International Power .. Xatlonal mnft 1UI 200 20Vi 2oy4 53 300! 100 "300 400 17 53 Vi National Lead ...."...! 26 isorth American Pacific Coast Pacific Mall . 1U3 102 People's Gas Pressed Steel Car ', do pfd Pullman Palace Car... Republic Steel , do pfd Sugar Tennessee Cnn! X. 400102 102 100 93K 93js 400 300 78 8,600! 4.300 Union Bag & Paper Co! ao-pia United States Leather. do pfd United State Rubber.! do pfd United States Steel.... do nfd LOOO! 100 600 5,300 4.900 500! 300! 33 80 S3 274 04 30Vi 53 43M 76 1 W'f T p rn TTntn-i American Locomotive V ao pia , Kansas City Southern. do pfd , Rock Island , 300 800 300! 32.300! 12,300' 44 2.3001 76Vi! do pfd , Total sales for the day, 49S.90O shares. BONDS. U. S. 2s. ref, reg.107 AtcMuon adj. 4s. ., 00 13n 98$ 103H 89H 101H 110 91Vi uo coupon do 3s. reg. do coupon do new 4s, do coupon do old 4a, Act ivmrwin ae . w. con. -xortnern r&c 3, I da 4i Southern Pac4sV union pacific 4s.. West Shnia lm do 5s, reg. Wls. Central 4s."! ao coupon CONSOLS BELOW 00. Drop Creates Consternation ia Brit. ish Financial Circles. LONDON. March 25. Th rh!f fT. ..- transactions on the stock exchange today was the continued selllmr of consols, whfeh ihmu a further sharp fall. During the morning con sols fell to SO. and even a shade below that figure. There was practically no home support, but the Continent kept buying small lots. The possibility of consols being In the 80s has created consternation, not among specu lators and investors, but in the great banking Interests, who for years have written down their consol holdings at 90, though the market price was considerably above par. 90 being con- was likely to go to. Should cotuoia go down reg..l35 138? reg...l0S 110 103 103 Vl aad remala below SO every British, bank will be, obliged to reorganise its reserve and get out new balances upon a. fresh basis. Such, a se rJoas eonilngescy, however. Is scarcely be lieved possible. A report is current that the Government may step in aa a buyer of its own securities, which would Immediately restore the National credit. The stringency in the money market is not expected to be alleviated, for If the Bank of England eases its conditions, the Continent, which is a big lender, will withdraw' loans In order to get more favorable terms elsewhere. There was some slight Americas buying to day la the belief that rock-bottom bad been reached. One purchase of $75,000 for an Anglo American firm caused a temporary rise of Vs. which, however, was soon obliterated by In vestors ' selling. NEW TORK. March 25. Foreign bankers said today that Instead of American holders of British consols having sold their bonds recently, there had been some purchases here at the de cline. A very large portion of the allotment placed here at the time of the last British loan had been marketed last year In London, following the cessation of the South African hostilities. As a matter of fact, the bankers say that American subscribers really made money on their bonds. Those who still hold their consols are Indisposed to reallxe on them at the present low figure. Money, Exchange, Etc. NEW TORK. March 25. Money oa call steady, at 686 per cent; closing, 55Vi per cent, time money steady; 60 days, 55Vi per cent; 90 days, BH per cent; six months. 55V4 per cent; prime mercantile paper, 556a per cent. Sterling exchange heavy, with actual business in bankers bills at $4.8695S4.87 for demand and at $4.837564.84 for 60 days; posted rates. $4.84Vi and $4.88; commercial bills, S4.S3V&8 4.83. Bar silver. 4S?ic Mexican dollars. 3SUc Government bonds strong; railroad bonds Ir regular. LONDON, March 23. Bar silver steady, 22Sjd per ounce. Money, 3Vi4 per cent Rate of discount for short bills, 34 per cent; for three months' bills, 3S per cent. SAN FRANCISCO, March 25. Silver bars. 48ie per ounce. t Mexican dollars. 39c. Drafts-Slght, 12Vic; telegraph. 15c Sterling on London Sixty days, $4.84; sight. $4.88. Stocks at London. LONDON, March 25. Closing quotations: Anaconda ........ 6 Atchison ........ 84 Norfolk & West... do nfd do pfd 97 Ontario & Western 31 73 433 36Vi iaic & onto iMVa Can. Paclflo 133 Ches. & Ohio 47 ChU Gr. Western. 24 Chi., M. & St. P.174 Denver & Rio Gr. 3794 Pennsylvania Reading do 1st pfd do 2d nfd (Southern Ry do pfd do pfd 89Vi Southern Pacific .. 64 Vi 93V& 379 29& 61 Vi .ne ai do 1st pfd 6S- do 2d nfd- 57 union Pacific do pfd U. S. Steel Illinois Central ...142! Louis. & Nash. ...123V! do pfd Wabash xl., iv. s x New Tork Cent. ..140 do pfd Basic Clearlngra. Clearings. Portland $803,009 Seattle 483,556 Tacoma 281.561 Spokane 343,505 Balances. $2S9.724 84.851 45,638 35,318 Dally Treasary Statement. WASHINGTON. March 25. Today's Treasury statement shows: Available cash balances.... .......$222.275. 731 Gold 122,901,560 DAILY CITY STATISTICS. BIrtas. March 21 To wife of Walter Klett, 871 Front, a girl. March. 17 To wife of Egbert Henry, 81 East Eighth, a girl. March 5 To "wife of William Vigors, 304 Stanton, a boy. March 19 To wire of Antonio Marrorcchlo, 653 South Fifth, a glrL Contagious Diseases. Ruby Deschner. 604 Corbett street; diph theria. Adolph Kagreser. .84 Wood street; measles. Konstantlne Kagreser. 84 Wood street; meas les. Edgar Wood. 667 Taggart street; measles. Gladys Wood. 607 Taggart street; measles. Carlton Ye rex, Kern and East Thirty-fourth street, measles. Ellen Dickson Wood, 1236 East Eighth street; measles. L. McDonald, 532 East Fifteenth street; meas les. Miss Palmer, Seventh and Ash streets; small pox. Ruth Htrkman, 801 East Taylor street; whooping-cough. Schmidt, Columbia Slough; diphtheria. Mrs. J. Shaney, Rosedale .Annex; smallpox. Marriage Licenses. Walter Turner, 33; Irene E. Brown. 32. Frank M. Rankin, 27; Gilliam County; Alma J. Fenebach. 26. fc Edgar A. Kersey, 23; Sallle McDonnell, 24. James D. McKay, 41; Beatrice Crouse, 26. J. R. Hudson, 28; L. M. Devoy, 20. Frank Caramanlca, 21; Wasco County; Pas qua De Falco, IS. Baildlngr Permits. C J. Cook, First and Oak, excavation, $1500. H. Brieter, Russell and Delay, repairs. $800. Columbian building. Stark and Third, repairs, $000. Lutheran Church. Rodney and Irby, school bouse, $2400. Kelly 3s Plummer, East Twentieth and Ash, dwelling $2500. Peter Jefferson, East Eighth and Burnslde, dwelling, $7000. Mrs. L. G. Reed, First and Ankeny, repairs, $50. Cement Sidewalk: Permits. S. Sllverfleld, Twelfth and Clay. 200 feet. J. M- Strowbridge, Fifth and Oak. 100 feet. L Gevnrtz, Fifth and Sherman, 42 feet. B. Westerfelder. Fifth and Madison: 100 feet. H. W. Fries. Fifteenth and Raleigh; 224 feet. H. W. Fries, Eleventh and Washington; 65 feet. City & Suburban, Twenty-fourth and Raleigh; 324 feet. Charles Lucas, East Sixth and Harrison; 200 feet. A. E. Roper, East Eleventh and Clay; 224 feet, W. E. Miller, East Tenth and Clay; 124 feet. A. W. Lambert, Knott and Williams; 50 feet. Real Estate Transfers. J. W. Newklrk to Henrietta E. Falling et aL, undivided Vi Interest In lot 1, block 80. city $10,000 Same'to Amanda W. Reed, same 10.000 John H. Mitchell, trustee, to J. W. New- KirK. same -v.uw Portland Lone Fir Cemetery Company to Hessls J. Shane, lot 67, block 36, Lone Fir cemetery 35 Mary L Mason to Charles Van Winkle, parcel land, section 38. -T. 1 N., R. 1 E. 150 Oregon Homo Missionary Society to Jo seph Reidel, lots 1, 4. block 102, Couch Addition 4,500 Mary L Mason to Charles Van Winkle, parcel land, section 36, T. 1 N.. R. 1 E. 50 Charles W. Green to Mary M. Green, parcel land beginning S. corner ot lot 9. block 17, Elizabeth Irvlng's AddlUon 1 E. E. Merges to Curtis Wall, lot 4, blocK 21, Sherlock's Addition 2,000 C A. Aylsworth and wife to William Wlllard. 40 acres, section 27, T. 1 N., R. 5 E.. ........................ ....... D. C O'Relliy to John H. Peterson! lot 3, park block 1, city 30,000 Margaret C. Charlton to Thomas T. W. Moar et aL, NW. H of D. L. C. of Joseph and Margaret C. Charlton.... 1.600 Fanny G. King et aL, to Annie T. Park- nurst, 40.2a acres, Amos .x. King o. L. C. 1 G. F. Bell and wife to M. A. Goethe, 60x100. feet, beginning S. boundary line Jefferson street, city 1.275 A. A. Kratz to Atlas Milling Company. lots, biocic s: lot 3. diock v. Dunn s Addition; also parcel land' In Mabelville Addition 5.000 Laura B. Weeks and husband to J. C Alnsworth, 80 acres, section 14, T. 1 N. R. 1 W. - l.OOO E. E. Brown to M. Segal. W. 60 feet, lot b, biock lid. uarutners- Aaaiuon...... l.soo Paul Johnson to Sonke Bahnsen, lot 2. block 2. Center Addition 140 Ray Headley to H. J. Rupert, lot 65, block 35. West Portland Park 60 C. N. and J. Kuetemeyer et aL to Joseph Faquet, parcel land, sections 8, 0, IS and 17. T. 2 N.. R. 1 W 3.000 W. M. and Dora Kllllnsworth to M. Toung. lot 2. block 30. Central Alblna. 440 James W. Coles to Marjorle Coles, lots 6, 7, block 7. Mount Tabor Villa 625 for Guaranteed Titles See Pacific Coast Abstract, Guarantee & Trust Co.. ZW-5-6-7 Falling building. If you are tired taking the large, old fashioned griplns pills, try Carter's Little Liver Pills and take gome comfort. A man can't stand everything-. STOCKMARKETUNSETTLED SERIES OP COVFXICrrXG IXFLU EXCES IX WALL STREET. Seathera-TJHlon PaciKc CeHtreveriry, Prefaces Kccllas of Decided Uhi. easiness Other Festares. NEW TORK, March 21. Henry Clews' week ly Wall-street letter la as follows; The stock market has been unsettled by a series of conflictlns influences. While an easier monetary situation contributed towards im provement the Southern-Union PaclSo contro versy produced a feeling of decided uneasiness that quite offset all other' favorable develop ments. As a result, there was little if any increase in public buying of stocks, aad. the Investment- demand is, of coarse, still held In. check by the comparatively high rates for money and the relatively small returns which good securities bring at present high-level prices. The knowledge also- that heavy new security issues are pending for the Imperative purpose of enlarging terminal facilities of the great trunk lines, as well as Increasing their general equipment, acted as a damper apoa the general market. Already there is a sur plus of securities hanging over the market, and the certain prospect of a further big increase Is anything but a bull argument. Still another movement exciting distrust is the speculation in copper and cotton, both ot which are ex ceedingly high. A great deal of uncertainty is also felt over the Southern-Union Pacific con test, which, as It Involves a struggle for con trol, unpleasaantly recalls the consequences ot a similar contest ia Northern Pacific. While no such consequences aa followed that mem orable occasion seem probable, still the possi bilities of disturbance discourage stock market activity, and the outcome ot the suits Involv ing the rights of one corporation holding stock in another will be watched with parUenla? concern. Another suit of great importance aj tor active consideration is that of the State of Minnesota against the Northern Securities Com pany: and, since a whole series of important negotiations hang upon this one suit, it is easy to understand the significance attached to Its progress. With so many serious coatlngeactea to be faced, the market really showed surprls--lng strength and resistance. Considerable ot the buying, however, was on short account: and while there 'was a somewhat better under tone resulting from recent liquidation, the un certainties above referred to effectually chlHecl all serious operations for the rise. Our foreign trade just now is In very health); condition, last month being the heaviest Feb ruary on record in both imports and experts. During the month there was an Increase oi $14,000,000 In Imports, chiefly due to our largs takings of raw and semi-manufactured mate rials which our own mills and mines are un able to meet. These large imports are a dis tinct result of high prices and trade activity on this side of the Atlantic; and they promise to continue until values recede and our own capacity becomes able to satisfy our own needs. Our exports during the same month were $15, 000,000 ahead of the same time last year; the increase here being chiefly due to heavy ship ments of cotton and corn. This result is ex ceedingly satisfactory. Inasmuch as these ar ticles furnish a good supply of exchange when the latter Is most wanted, thus materially strengthening our financial status abroad. The local money market has shown slight Im provement. This was due partly lo diminished drains by the Treasury, partly to tha currency movement being less unfavorable, Tut chiefly to a transfer of our demands upon foreign 'mar kets. As a result the latter are slightly firmer, while rates here are somewhat easier. There Is less apprehension abroad now concerning tha situation In New Tork. the liquidation ot tha last few months having done much to restore confidence In our finances; and. aa funds are plentiful in Berlin. Paris and London, there Is every probability that we will be able to com mand all the accommodation that may be re quired for perfectly legitimate operations. Any outbreak ot speculation on an extensive or reck less scale would,, however, materially weaken our credit In Europe. At present, foreign bank ers are probably obtaining better rates oa American loans, and this would appear to ex plain the delay In placing the Transvaal and, other government loans, which are probably awaiting easier conditions. Outside ot the stock market, the situation continues generally satisfactory, the only ex ception being the prospect oC further labor troubles, which are already increasing the costs of production to a point that is checking new enterprise. Railroad earnings continue large, and the Iron trade boom shows no signs of cessation. The phenomenal demand for Iron Is one of the wonders of the age, and Is to ba attributed to Its Introduction Into many new fields of usefulness, as well as the enosnous consumption for .structural purposes In, build ings, railroads, etc. The demand on the latter accqunt Is sure to continue for some time to come, and both Germany and England are be ing urgently called, upon to satisfy our re quirements, notwithstanding the tariff. The Immediate future of the market is, as already stated .exceedingly uncertain. Natural conditions should favor some improvement as soon as the stringency Incidental to- April I la passed, but the serious contingencies referred to above, especially the danger of awkward complications arising from" the Southern-Union Pacific quarrel, emphasize the necessity for caution In speculative operations. Although, in some respects, the market is In much better shape than for several months, we should ad vise taking profits on all sharp rallies, at least until the differences between Messrs. Keene and Harriman are adjusted. The interests repre sented by these gentlemen may, however, sett! a the dispute when least expected; hence tha high degree of uncertainty. , New York Cotton Market. NEW TORK. March 25. The cotton market opened quiet and unchanged to an advance of 3 points, and closed steady, net unchanged to 3 points lower. Futures March, 9.92c; April. 9.93c; May, 9.95c; June and July, 9.76c; Au gust, 9.43c; September. 8.85c; October. 8.62a J November. 8.42c; December. 8.40c; January, 8.38c. Spot Middling uplands, 10.15c; do Gulf 10.40c The Cotton Exchange will be closed oa Frta day and Saturday, April 10 and 11. Coffee and Sugar. NEW TORK. March 25. Coffee Futures closed unchanged to 5 points higher. Total sales. 14,000 bags. Including: May, $4.2004.251 June, $4.35; July, $4.45; September, $4.60; No vember. $4.70; December, $4.95; January, $5, Spot Rio quiet: No. 7, 5Vc; mild steady. Sugar Raw steady: refined steady; fair re- fining, 3UcVs centrifugal. 96 test, 3 ll-16c; mo lasses sugar. 3c; refined steady; crushed. 95.40 powdered. $4.90; granulated. $4.80. Tobacco Trast Dividends. NEW TORK. March 25. The American To bacco Company has declared the regular quar terly dividend of 2 per cent on its preferred stock, and a dividend of 3 per cent oa Its com mon stock. This is an increase of 1V4 per cent on the latter issue. Wants to List Bonds. NEW TORK. March 25. The Central Paclflo Railway Company has applied to the New Torlc Stock Exchange to list $2,000,000 flipt refund ing mortgage 4 per cent guaranteed bonds o2 1924. St. Lonls Wool Market. ST. LOUIS. March 25. Wool Unchanged; territory and Western medium, 15$17c; fine, 1516c; coarse, 1213c Gold for Bnenos Ayres. NEW TORK, March 25. The loc4 agent ot the London &. River Platte. Bank will ship $500,000 in gold to Buenos Ayres tomorrow. Many actors and singers use Plso's Curs to strengthen the voice and prevent hoarseness. P0GS0N, PEL0UBET & CO. Public Accountants New York Chicago St. Louis Butte 20 Broad Street - Marquette .BaHdlng Chemical BsIIdlBg iiemaessy BaiMIsj