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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 22, 1907)
TIIE MORXIXG OREGOXIAN, WEDNESDAY, MAT 1907. 17 ON HIGHER OASIS Steep Opening Prices Named on California Asparagus. DUE TO THE SHORT PACK Canned Goods Generally Firm All Markets Guessing at the Prune Output of the Southern State This Year. Opening prices on the 1907 pack of Cali fornia asparagus have been named by the Central California Canneries. The prices fixed are on a much nigher basis than those named on the 1906 pack, but occasioned no surprise in the trade in view of the very liKht pack. The Increase over last year's price follows: Mammoth white, $1; mam moth white peeled, $1.30; mammoth green 6.'c; mammoth green peeled, 80c; large white, 1.10; large white peeled, $1; large green, 00c; medium white, 15c; medium sreen, 10c; small- white, $1; small green, 40c one-pound tips, white, $1.10; one-pound tips, green, $1-10. In the Eastern markets, nearly all canned goods are on a very Arm basis. Spot to mato prices have been advanced there with offerings of full standards very light. Spot corn in the East is alno quoted firmer. The prune market has a decidedly strong tone, both on the Coast ana m the Bast. A California packer who a short 'time ago estimated the prune crop of that state at BO per cent of last year now writes that It is not probable that the output will ex ceed 23 per cent of the 1906 crop. Another packer estimates the outturn at 35 per cent of last year's. Another statistician esti mates the Santa Clara yield at 42,0007001) pounds, as against 1 20.000,000 pounds last season, and the yield of other California districts at 30,000,000 to 35,000.000 pounds, as compared -with 35.000,000 in 1906- Not all the California packers, however, take such extreme views of the situation. Referring to a recently published state ment to the effect that the 190T California prune crop would he no larger than that of J90fl, when the production ran short of 150,000. 000 pounds, a VacaviUe, Cal., packer. In a letter, expresses the opinion that any one giving out such Information must be long on prunes. "While we have undoubt edly a much lighter crop than last season In this state," he writes, "we have every reason to believe that the output without the carry-over will reach nearly twice the above figure. "We do not believe it is of benefit to the fruit Industry of this state to wilfully misrepresent existing .conditions." hop Brvrxu small. Much Crop Talk Is Heard, but Few Care to Make Estimate. The hop market presented no new fea tures yesterday. Some small buying was reported at the prices that have been ruling lately, but the demand was not strong. A good deal of crop talk was heard, but few of the dealers cared to venture an opinion as to what the yield would be. It is generally acknowledged that the crop will be less than last year, but how much less no one can predict. The latest reports received by mail from the English hop trade are as follows: Wild, Xeame & Co., London: There has freen a fair inquiry for useful brewing qual ities . during the week, though the actual tusinfsg taking place Is somewhat limited. Values remain without alteration. Manger & Henley, London: There is a pteady demand for good copper hops, which ire now getting into a small compass. Values remain unchanged; some fair bids are refused. W. H. and H. Le May. London: The de mand for low-priced English hops continues, with the result that any parcel which is offered at prices that have been current for the last three weeks finds buyers, and the marke is kept cleared. The Exchange & Hop Warehouses, Lim ited. London: There is considerably more buying passing In all classes Of hops, but at prices greatly in favor of buyers. Some long lots hav. been cleared ofT during the past week, and stocks are now beginning to get very confined. J. H. Meredith & Co., Worcester: There has been a little more inquiry on the local market, and although no growers' hops passed the public scales last week, several mall transactions have taken place out of merchants' stocks. Values remain fairly Steady at the recently reduced level. Sup plies in first hands are very limited, and the present un remunerative values do not Induce much pressure to realize. BERR1KS AKRIVK IN POOR ORDER. Delayed Shipment 1-ittposed of at OeneraJly Lower Prices. California strawberries were in plentiful supply yesterday, but as the shipment was p, delayed one, the quality proved far from good. As on the preceding day, yesterday" regular supply was also late and did not get In until after business hours. The fruit hat was offered brought from $1.50 to $2.25 $er crate, according to Quality, and all of it y as disposed of. There was only a mod erate quantity of Valley berries and these were quoted at 17622c per pound. A few crates of Hood Rivers came in and sold at 35 cents per pound. Gooseberries were In better supply and were quoted lower at 7 cents. There was I fair supply of cherries, which were In good demand A shipment of Florida tomatoes, received via Seattle, turned out In poor condition. Asparagus was fairly plentiful and cucum bers were more abundant. The market for old Oregon and Eastern potatoes was very firm and several hand lers were holding their light stocks at $2.15. New potatoes were in strong demand. Local Wheat Price Again Advance. The growing scarcity of wheat to fill or des of shippers and millers and the urgent character of the demand has resulted In a further advance in prices in the local market, which are almost up to the 90-cent peg. and It is probable a pood round lot of spot wheat would command that figure or better. Many sections have been drained of their supply and practically nothing Is left In the country In first hands. Turkeys Are Not Wanted. The poultry market was liberally supplied yesterday and the demand waa good for everything except turkeys, a number of coops of which could not be disposed of at any price. Eggs held steady in spite of somewhat more liberal receipts. The butter market was firm and ' active for all creamery grades. Shearing Half Over In Morrow. HEPPNER. Or., May 21. (Special.) "Wool is coming Into the warehouses here fast and is much lighter than last year. The shearing is fully half over and unless the present wet spell hangs on, will bo finished by May 25. Two train loads of sheep have been shipped cut of Heppner the past week and two or three will be sent out this week. . White Salmofi Berry Season.. WHITE SALMON. Wash., May 21. (Spe- .1 ctat.) The berry season Is now on In full blast In the White Salmon Valley. Whll some early berries were shipped last week, the bulk of the crop Is now ready for ship ment. The crop will be one of the largest ever harvested In White Salmon and the berries are of an extra good quality. The weather conditions are Ideal. Bank Clearings. Bank clearing of the leading -cities of the Northwest yesterday were: Clearings. Balances. Portland 11,506,070 1!),3!3 Seattle 1,031.144 220.479 Tacoma ....... 7H9.5S9 79.544 Spokane 807.008 61.876 PORTLAND QUOTATIONS. Grain. Flour, Feed. Ete. MILLSTUFFS Bran, city 17, country $18 per ton; middlings. $24.5025.50; shorts, city 19. country J20 per ton; U. S. Mills dairy chop, $15.50 per ton. WHEAT Club, 8BS87; blueotem. 88389c; Valley. 85c; red. 85c. OATS No. 1 wnite, $28.50 29; fray, $28 29. FLOUR Patent, $4.55: straight, $4; clears, $4; Valley, J4. 03 4.15; graham flour, $4$4.S0; whole wheat flour, $4,250 4.75. RYE $1.45 1.80 per cwt. BARLEY Feed. J21.50&22 per ton; brew ins. nominal; rolled, $23.50 24.50. CEREAL FOODS Rolled oats, cream, 90 pound sacks, $7; lower grades, I5.508.50; oatmeal, steel-cut, 45-pound sacks, $8 per barrel; 9-pound sacks, $4.25 per bale: oat meal (ground), 45-pound sacks, $7.50 per barrel; 9-pound sacks, $4 per bale; split peas, per 100 pound. I4.25tf4.80; pearl bar ley, $4(0)4.50 per 100 pounds; pastry flour, 10-pcund sacks, $2.30 per bale. CORN Whole, $26; cracked. $2T per ton. HAY Valley timothy. No. 1. $17 18 per ton; Eastern Oregon timothy. $2123; clover, $; cheat, $9&10; grain hay, $B10; alfalfa. $1314. Vegetables, Fruits, Eta. DOMESTIC FRUITS Strawberries. Cali fornia. 10tffil5c per pound; Oregon, 17!ig'221,4o per pound; cherries, $1.50471.75 per box; apples, $17-2.50 per box; gooseberries, 7aC per pound. TROPICAL FHU1TS Lemons. $i.50jtt.25 box; oranges, navels, $2.503.50; grapo fruit. $3&3.50; bananas. 5c per pound. ROOT VEGETABLES Turnips. $2 per sack; carrots. $2.50 per sack; ' beets, S1.250I.SO per sack; garlic. JH10o per pound; horseradish, 78c per pound; chic ory. 30c. FRESH VEGETABLES Cabbage. Cali fornia, 33Ho per pound cauliflower, $1 Q $1.25 dozen; lettuce, head. 35&45o dozen; onions, 10Syl2c per dozen; tomatoes. $2.25 64 AU rrflt, ' nn rl e v iia fHHflf. ctrtlrhnlr,. Cj?i75c dozen; hothoucte lettuce, $2 box; peas, 7-4lt'loc; radishes. 20c dosen: asparagus. 6c pound; bell peppers, 3035c pound; rhubarb, - 4c per pound; cucumbers, 50cfc$1.50; spinach, $1.50 per crate; beans, 15c per pound; squHKh, 5orj$l per box. UMUKa Oregon. per nundrea; Texas. He per pound. - DRIED FRUITS Apples, 88Ho pound; apricots. 16i&19c; peaches. ll13c; pears, llH914c; Italian prunes. 2ffi6o: Califor nia figs, white. In sacks, 56Hc per pound; (lack. 4 65c; bricks. T5c$2.25 per box; Smyrna. 18'420o pound; dates, Persian, r 7c pound. POTATOES Jobbing price; Oregon and Eastern. $2(ri2.15 per sack; new potatoes, ota&oc pound; sweet potatoes. 6c per pound. RAISINS Layers and clusters. 2-crowa $2.15. 3-crown $2.26. 5-crown $3.10. 6 crown $3.50; loose muscatels. 2-crown 8c, 8-crown 8i4c 4-crown 9Hc; seedless Thomp sons, 10 He; Sultanas, 9 12 He. Butter. Eggs, . Poultry. Etc BUTTER City creameries: Extra cream ery, 22 He per pound. State creameries: Fancy creamery, 20B22Hc; store butter, 17 17Hc. BUTTER FAT First grade cream, 21o per pound; second grade cream, 2c less per pound. CHEESE Oregon full cream twins, 160 17c; Young America, 1718c per pound. POULTRY Average old bene. 14c: mixed chickens. 13Hc; Spring fryers and broilers, 'roac; old roosters, W(3).iuc; dressed chickens. 164il7c: turkeys. Jive, 10 612c; turkeys, dressed, choice, nominal; geese, live, per pound. 8c; young ducks, nomi nal; old ducks, 16S18c; pigeons, l1.50; EOGS I8fc'18Hc per dozen. - Dressed Heats. VEAL Dressed. 75&125 Bounds. 8c; 325150 pounds, 7c; 150 & 200 pounds, 6c; 200 pounds and up, 5H&6c. BEEF Dressed bulls. 4a-4-Ac Der pound: cows, ftfi7c; country steers, 78c. MUTTON Drejwed,- fancy, 9c per pound; or dlnaryS&oHc; Spring lambs, lmglOVsc ruHh oressea. 1UUCS13U pounas, o-io 9c: 150200 pounds. 7(0 7 He; 200 pounds and up, 8a8Hc Groceries, Nuts, Etc. RICE Imperial Japan No. 1. &c: South ern japan, o.-9oc; neaa. e. idc COFFEE -Mocha, 24&28c; Java, ordinary. 17S20c; Costa Rica, fancy, 18&20C; good. 18 lhc; ordinary, 12&16c per pound. Columbia roast, cases. 100s, $14.50; 60s, $14.76; Arbuck le. $165(1; Lion. $15.75. SALMON Columbia River, 1-pound talis. $1.75 per doz. ;. 2-pound tails, $2.40; 1-pound flats, $1.10; Alaska, pink, 1-pound tails, 95c; red, 1-pound tails, $1.25; aockeyes, 1-pound talis, $1.70. SUGAR Sack basis. 100 pounds, cube, $6.o2H; powdered, $5.92H; granulated, $5.77H; extra C. $5.27; golden C, $5.17H: fruit sugar, $5,821,; berry. $5.82H: XXX. $5.67- Ad vance sales over sack basis as follows: Barrels, 10c; barrels, 25c; boxes. 50o per 100 pounds. Terms: On remittances within 15 days deduct l,c per pound; If later than 15 days and within 30 days, deduct He; beet sugar, $5.67 per 100 pounds; maple sugar, 15&18c per pound. NUTS Walnuts, ltilS20o per pound by sack; Brazil nuts, 19c; Alberts, 16c; pecans, jumbos. 2oc; extra large. 21c; almonds. 189 20c; chestnuts, Ohio. 17c; Italian. 14g15c; peanuts, raw. 68L.'.c per pound; roasted, 10c; plnenuts, 10gl2e; hickory nuts, 10c; cocoanuts, 35(?i90c per dozen. SALT Granulated, $14 per ton; $2 per bale; half ground, lOos, $10.50 per ton; ous, $11 per ton. BEANS Small white, 3c; large white, Sc; pink, 3c; bayou, 3c; Lima, 6c; Mexicans, red. 4c. HONEY Fancy. $3.253.50 per box. Metal Markets. NEW YORK, May 21. The London market showed comparatively little change compared with the closing prices of last week, spot closing 5s lower at 189 15s and futures unchanged at 185 lOs. Locally, the nfefket-was quiet and unchanged with spot quoted at 43.00& 44.00c. Copper was lower In London with spot quoted at 101 12s 6d, and futures at 100 7s 6d, a decline of 1 2s 6d, from the last quotation. The local market was dull and Inclined to bo easier with Lake quoted at 24.50 25.50c, electrolyte at 23.75 24.75c, and casting at 22.50 & 23.25c Lead waa unchanged at $6.00 6.05 in the local .market, but advanced 3s 9d to 10 17s 6d In the English market. Spelter was unchanged at 25 15s in the London market and at $8.406.50 in New York. Iron was 6d lower In the English market at tios Id for Standard foundry and 61s for Cleveland warrants. . Locally the market Is unchanged. Coffee and Sugar. NEW YORK. May 21. Coffee (Futures closed steady, net unchanged to 10 point lower. Sales were reported of 19.750 bags, including May at 6.60c; July, 6.40i5.45cJ Sep tember. 5.35$r5.40c; December, 5.40c: March, 5.40j5.40c; April, 6.50c. Spot, quiet; No. 7 Rio, 6c; No. 4 Santos, 1c. Mild, quiet; Cordova, BiS12Vic Sugar Raw, Arm: fair refining, 3.37c; cen trifugal, 96 test. 3.92c; mola-ea sugar, 3.50c Renned, steady and unchanged. New York Cotton Market. NEW YORK. ' May 21. Cotton futures closed weak at a net loss of 14&19 points. May and June 10.73c; July, 10.7c; August. 10.75c; September, 10.S3c; October, 11c; No vember, 11.03c; December, ll.OSc; January, 11.19c; February, 11.21c; March, 11.27c Dairy Produce In the East. CHICAGO, May 21. On the Produce Ex change today the butter market was steady. Creameries. 18 22c; dairies, 17 20c. Eggs Easy; at mark cases Included, 15c; firsts, 14 He; prime firsts. 15 He Cheese Weak; 13 14 He. Wool at SV Louis. ST. LOUIS. May 21. Wool steady; medium grades, combing and clothing, 2727c; light, fine, 21621 He; heavy, nne, 1517c; tub washed, 8uig37c. Transferred to San, Francisco. NEW YORK, May 21. The Sub-Treasury today transferred $200,000 by telegraph to Ban Francisco. Hop at London. , LIVERPOOL, May 21. Hops at London, Pacific Coast, quiet, 2 18s f S 5s. Damascus creamery butter fat. f . o. b, Portland. 22e. TOSS STOCKS OVER Large Lines Unloaded in New York Market. AGGRESSIVE BEAR TACTICS Sharp Drive Made at Prices, and Steel, Smelting, Union Pacific, Brooklyn Transit and Amal- samated Are Sufferers. NEW YORK, May 21. The weakness which developed In the stock market today came rather as a surprise to the financial community, notwithstanding the symptoms of yielding yesterday. The source of the extensive selling of stocks was mysterious, and the motives which accompanied the outpouring, after such a period of quiescence in the market as that of last week, were nut clear, as.no immediate development in conditions was known which would- change the situation so abruptly. Surmise Inclined to the Interpretation that an aggressive bear party had been organized to attack the market. This interpretation of the day's movement was favored by the recent return to the financial district of indi viduals who were credited with the leader ship of the smashing campaign against prices which culminated in the March panic, and who have been absent on long vaca tions since that occurrence. The action of the market for some time past has reflected the entire lack of any absorptive demand for securities, but occa slonal tentative operations upon the short side of the market have been so little suc cessful In dislodging large liquidation that a period of dullness and neglect for stocks was anticipated, rather than any active selling or buying. The more aggressive plans upon the bear side have gained im petus from the violent movements in the wheat market. The leaders of the bull speculation In wheat undoubtedly play a large Dart in the bear movement in stock. There Is additional incentive for the bear movement In stocks in .the renewal of anx iety over the conditions of capital supply. Lack of support for some of the stocks which are usually most carefully guarded against declines by inside interests is due to the fact of the lerre commitment by those interests in new securities of the com panies. Stockholders stand committed for periodical Installments of subscriptions on new issues which have been offered to them on attractive terms, and they have no re sources to buy offerings of their own stocks in the open market. Some speculative buying of Union Pacific lately was based upon the assumption that the stock would be supported to facilitate the sale of the convertible bonds. Instead of that, the bonds have declined to quo tations below the price offered to stockhold ers, and speculators in the stock have failed to find opportunity to realize a profit. Successive new offerings ot securities are made on such terms and offer such a rate of return as to afford greater attractions than existing securities, and thus indicate that even at the low prices recently pre vailing, quotations are out of line with the level of attraction- for Investment. Such scanty . developments today as of fered any explanation ot the weakness of the market had to do mostly with rumors of still further bond and note Issues to be expected. Some of these were denied, but without relieving the depression of the stocks concerned. The heavy liquidation in United States Steel was - accompanied by such a rumor, which was repeatedly denied, without relieving the stock from its depres sion. The fall In United States Steel had a pronounced sympathetic effect upon the whole Hat. American Smelting, Union Pa cific and Brooklyn Transit were other cen ters of depression, as was also Amalga mated Copper. The money market was unruffled and no action was taken towards export of "Void. It was not until stocks had weakened ef fectually that wheat became strong again. The heavy liquidation of stocks, which un doubtedly occurred, seemed to be prompted by a gradual accumulation of Influences for some time past, rather than any event which has occurred recently. Short cover ing caused some wide rallies, but the mar ket closed unsettled and feverish. Bonds were feverish. Total sales, par value, $1,174,000. United States twos, regis tered, advanced per cent on call. CLOSING STOCK QUOTATIONS. Closing ' " Sales. Hl-h. Low. Bid. Adams' Express 203 Amal. Copper ....107,500 VI 874 S8 Am. Car & Foun. 3,100 35 34 34 do preferred 9h Am. Cotton Oil.. 1,000 30 29 2!i4 do preferred .... ..... 87 American Express. ...... ..... 205 Am. Hd. & Lt. pf. 100 184 lohi 18 American Ice 67 Am. Linseed Oil.. 11H do preferred ..... ..... 25 Amb Locomotive . 3.800 59 67 58 do preferred ....... 105 Am. Smelt. A Ref. 93,600 122 113 115 do preferred .... 1.100 106 105 104 Am. Sugar Ref.... 3,400 121 121 121 Am. Tobacco cefs ..... ...... 91 Anaconda Mln. Co. 13.400 61 58 5! Atchison 28,600 87 80 87 do preferred f 93 Atl. Coast Line... 1..KJ0 loo 9 w) Bait. & Ohio 8.900 9o 94 95 do preferred .. . . 86 Brook. Rap. Tran. 26.400 55 61 53 Canadian Pacific 15.8"0 171 108 170 Central Leather... 4,100 25 20 22 do preferred .... 000 92 01 91 Central of N. J 175 Ches. & Ohio 2.000 35 34 34 Chi Gt. Western. 1.000 10 10 lo Chicago & N. W.. 4,200 f2 147 148 C. M. & St. P 18.000 128 125 126 Chi. Ter. & Tran 5 do preferred ..... i.... ..... 15 C, C, C. s St. L , 65 Colo. Fuel & Iron 8.100 2ti 27 28 Colo. & Southern. 1,700 23 22 21 do 1st preferred. ...... ...... ..... 67 do 2d preferred. . . 42 Consolidated Gas.. 4,500 1S5 128 130 uorn froaucts ... wio 8 18 17 do preferred .... 500 74 72 72 Del. & Hudson S.60O 176 173 173 Del.. Lack. & Wes. 460 D. & R. Grande.. 600 27 24 24 do preferred . ... 67 Distillers' Securl.. 6.000 64 y 62 62" Erie 7.300 23 22 22 to lat preierrea. ...... ..... ..... do 2d preferred 36 General Electric. 400 142 140 140 Gt. Northern pf... 1,300 128 124 125 Illinois Central 000 136 135 136 Int. Metal ...... 8.500 20 18 18 do preferred 6.100 53 62 61 V Int. Paper 1,100 " 13 12 12 do preferred .... 1,100 73 70 70 Int. Pump 400 24 23 22 do preferred ..... ..... 76 Iowa Central ..... 400 18 18 18 do preferred .... 300 40 snu 40 K. C. Southern... 600 24 23 24 do preferred .... 800 69 68 69 Louis. & Nash.... 1,300 113 112 112 Aifxican venirai w i 18 18 Minn. & St. L 800 40 48 48 i M.. St. P. S. 3 M. SO0 loo B8 95 do preferred .... 3"0 127 12 125 Missouri Pacific... 8.30 72 72 72 Mo., Kan. & Tex. 2,fM'0 32 31 81 do preferred .... SOO 62 V. 2 2 National Lead .. 4,300 62 60 60 Mex. Nat. Ry. pf. 40 62 62 60 N. Y. Central 11.700 113 112 112 N. Y., Ont. ft Wes. 1.800 34 ' 83 34 Norfolk & West... 800 75 76 75 North American .. 1.600 86 65 65 Northern Pacific 22,700 125 121 122 Pacific Mall 1.200 24 22 22 Pennsylvania 69.SO0. 120 118 118 People's Gas 8,200 90 89 90 P., C. C. & St. L. . 200 68 68 68 Pressed Steel Car. 2,700 31 30 30 do preferred 88 ' Pullman Pal. Car 164 Reading 814,100 108 100 101 do 1st preferred 83 w u yt."cu.. ctf Republic Steel ... S.200 25 . 23 23 do preferred .... 600 84 81 82 Rock Island Co... 6,200 18 I815 10 do preferred .... 800 48 44 44 1 St. L. & S.F. 2 pf. 900 30 29 29 St. L. Southwest.. 800 19 19 19 do preferred .... 100 60 50 60 Sloss-Sheftieldl ... 1.00O 56 53 R4U Southern Pacific 24,300 81 78 TB do preferred .... 6"0 112 111 112 Southern Railway. 8.100 19 19 19 ! w preierrea .... oou tK 64 64 Tenn. Coal St Iroa 600 140 138 138 Texas & Pacific... 1,100 27 25 25 Tol.. St.L. ft Wes. 300 29 28 28 do preferred .... 300 61 51 61 Union Pacific ....248.400 139 132 134 do preferred ..... 86 U. S. Express . (M II. B. Realty 100 81 61 68 U. S. Rubber .... 40O 39 38 39 do preferred 400 loo jno 100 U. S. Steel 132.1O0 34 31 32 do preferred .... 22.AO0 90 " 97 98 Va.-Caro. Chem... 20O 25 25 25 do preferred .... 100 104 104 104 Wabash 6"0 12 12 12 do preferred .... 1.800 24 22 22 Welis-Farao Ex . 270 Weetlnghouse Elec. 10O 143 148 143 Western Union ... 800 82 8i 81 Wheel ft L. Erie 10 Wisconsin Central. 200 16 16 1 6 do preferred 300 37 37 37 otal sales for the day. 1,351,700 shares. BONDS. NEW YORK. May 21. Closing quotations: U. 8.' ref. 2s reg.104 D. ft R. G. 4s... 93 do coupon. . .104 N. Y; C. G. 3s 93 U. S. 3s reg. .102 North. Pac 3s... 71 do coupon. .. .102 North Pac 4s... 100 U. S. new 4s reg. 121114 South Pac. 4s. . . 8S do coupon. .. .128 U. S. old 4s reg.101 Union Pac. 4s... 100 Wis. cen. 4s 85 do coupon. . . .101 Jap. 6s 2d se- .. 98 Atchison adj. 2a 90 I Jap. 4 Ha ells... 92 Stocks at London. LONDON, May 21. Consols for money 84 15-16; do for account, 85 1-18. Anaconda ...... 12 N. Y. Central ..116 .. 77 .. SB .. 85 .. 61 .. 6 .. 53 .. 19 ..67 .. 82 ..141 .. 90 35 ..101 .. 13 .. 26 95 Atchison 90 Nor. ft West do pfd 97 I do pfd B. ft 0 98 Ont. ft West.. Can. Pac. ..... .175 Pennsylvania , Ches. ft 0 85 Rand Mines.. Chi. G. W 11 Reading C. M. ft St. P.. 131 Southern Ry., De Beers 26' do pfd , D. & R. G..... 28 South. Pac do pfd 74 Union Pac 4s Erie 23 do pfd...... do 1st pfd.... 56 U. 8. Steel..., do 2d pfd ;i do pfd , Grand Trunk... 29 Wabash ...... 111. Central 143 I do pfd lxmis. ft Nash.. 116 Spanish 4s.... M. K. ft T 32 Money, Exchange, Etc NEW YORK, May 21. Prime mercantile paper, 6 per cent. Sterling exchange, easier, witn actual business in bankers' bills at $4.8680134 8685 for demand, and at $4.8395 424.84 for 60-day bills. Posted rates, $4.84 and $4.87. Commercial bills, $4.83. Bar silver 66 c. Mexican dollars 51c, Bonds Government, firm; railroad, easy. Money On call, steady, 22 per cent; ruling rate, 2 per cent; closing bid, 2 per cent, offered at 2 per cent. Time loans, firmer, 60 days, 34 per cent; 90 days, 4 per cent; six months, 4 per cent. LONDON, May 2.1. Bar sliver Steady, 30 Hd. Money 2 2 per cent. The 'rate of discount In the open market for short bills is 3 3 3-16 per cent. The rate of discount in the open market for three months' bills is 83 8-16 per cent. SAN FRANCISCO, May 21. Silver bars 66c. Mexican dollars Nominal. Drafts Sight. 2c; telegraph, lc. Sterling on London. 60 days, $4.83; ster ling on London, sight, $4.87. Dally- Treasury Statement. WASHINGTON. May 21. Today's state ment of the treasury balances in the general fund shows: Available cash balance $253,850,342 Gold coin and bullion 95.478,942 Gold certificates 42,612.470 PORTLAND STOCK EXCHANGE. No EsJea Recorded on the Local Board Quotations Hold Steady. -There were no sales on the local stock ex change yesterday. Official quotations were as follows: Bank Stocks Bid. Arte Bank of California .....34.- ' 350 Bankers and Lumbermen's 104 .. Merchants' National 185 Oregon Trust ft Savings 160 Portland Trust Co 200 LISTED SECURITIES. Bonds American Biscuit Co. 6a City & Suburban 4 Home Telephone 6s... O. R. ft N. Ry. 4s.. . , O. W. P. ft Ry. 6s , Pacific Coast Biscuit 6s Portland Ry. 5s .... Miscellaneous stocks Associated Oil ..... Home Telephone Pacific Tel. ft Tel. (pfd.) Puget Sound Tel ........... .... Mining stocks Lakevlew ,, Manhattan Crown Point Potlcle Mnling r Washougal Ext UNLISTED STOCKS. Yaquina Bay Tel , Oregon City Mill & Lumber , Alaska Petroleum . . ...... British Columbia Amal Cascadta Mammoth .............. Morning Standard Con . Tocoma Steel Coeur d'Alene District Bullion Copper King.... Happy Day . ........... O. K. Con .. 98100 .... 93 .... 87 Jon 100 97 103 loo 98 85 38 3 42 10O 40 IS 22 21 26 21 19 6 10 4 25 6 25 15 3 11 12 10 14 . 6 6 45 300 . 22 . 9 . 3 . 1 . 9 . IO . IS . 4 . 4 . 40 .285 Snowshoe Snowstorm Eastern Mining Stocks. BOSTON, May 21. Closing quotations: Adventure ..$ 2.87 Allouex .... 48.00 Amalgmtd .. 88.12 Atlantic 11.00 Bingham ... 17.00 Cal. ft Hecla 835.00 Centennial .. 28.00 Cop. RangeJ. 7950 Daly West. . 16.2.1 Franklin ... 18-00 Granby 140.00 Quincy $117.00 .Shannon .... 18.12 Tamarack .. 113.00 Trinity 21. OO United Cop.. 58.00 U. S. Mining. 51.00 U. S. Oil 10.00 ICtah 60.12 Victoria .... 7.75 Winona ..... 8.00 Wolverine .. 150.00 V. Bntte Sri (Uk Isle Royale.: 1H.75 Mass Mining Michigan w 5.87lButte Coalitn 2.V00 13.00 I Nevada 13.50 Mohawk S.. 83.00 Mitchell 25.00 166.00 23.00 Ol. Dominion 49.50 Osceola .... 133. 0O Parrott .... 21.50 Cal. ft Arix.. Ariz. Com.. . , PORTLAND LIVESTOCK MARKET. Prices Current Locally on Cattle, Sheep and Hogs. The following prices were quoted in the local market yesterday: CATTLE Best steers, $4.85 5; medium. $4.504.75; cows, $3..M)3.75: fair to me dium cows, $3.25350; bulls, $1.502.50; calves, $4.50(95. SHEEP Best woo! sheep, $6 6.25; sheared. $5: lamhs. $66.50. HOGS Best, $77.25; lightweights. $7 7-50; stockers and feeders, $6.75 j 7.25. Eastern Livestock Prices. CHICAGO. May. 21. Cattle Receipts, 2500. Market, steady; beeves, $3.505.60; good to prime steers, $5.456.50; poor to medium, $4.30 5.40; stockers and feeders, $2.90&S.20; cows, $1.804.90; heifers, $2.75 5.40; calves. $4.506.50. ' Hogs Receipts today, 13,000. Market, 60 higher; mixed, $6.30 6.00; 'heavy, $6.05 6.42; good to choice heavy, $a.S56.47; rough, $8.056.25; light, $6.406.62 pigs, $5.806.50. Sheep Receipts, 10,000. Market, steady; sheep. $4.606.70; lambs, $6.758.60; West, ern sheep, $3.50&6.15; yearlings, $0.00 6.40; Western lambs, $6.258.75. SOUTH OMAHA, May 21. Cattle Re ceipts, 5500. Market, steady; native steers, $4.255.85; cows and heifers, $3.00 5.00; Western steers,' $3.5005.20; stockers and feeders. $3.00 4.80; calves, $3.005.50; bulls, stags, etc., $3.254.75. Hogs Receipts. 3500. Market, steady; heavy. $6.158.2,1; mixed, $6.20136.25; light, $6.256.40: pigs. $5.506.10. Sheep Receipts. 4000. Market, steady; yearlings. $3.75 6.75; wethers, $5.506.10; ewes, $4.505.75; lambs, $7.50 8.60. KANSAS CITY, May 21. Cattle Receipts, 9000. Market, strong to 10c higher; native steers, $2.255.90; stockers and feeders, $3.25 5.00; Western cows, $3.254.75; West ern steers, $4.005.60; bulls, $1.25 4.60; calves. $3.505.75. Hogs Receipts. 17,000. Market, strong to 5e higher; heavy. $6,27 6.35; packers, $6.306.45; light, $6.4O6.50; pigs, $5,500 6.00. Sheep Receipts, 6000. Market, steady; muttons. $5.2566.75; lambs, $6.508.50: range wethers, $5.00 7.00; fed ewes, $4.25 H.o0. Dried Fruit at New York. NEW YORK, May 21. The marled for evaporated . apples is quiet and unchanged. Fancy are quoted at 88c; choice, 77c; prime, 6c: poor to fair, 6(fic. Prunes are firm, owing to bullish crop re ports from the Coast. Quotations range from Sty.o to 12o for California fruit and from 5c to loo for Oregon. Apricots are quiet and unchanged. Peaches are .quiet, but firm, wltlt choice quoted at IKSllHc;, extra choice, 1212c; fancy. 1213c. and extra fancy, IS 15c. Raisins are firm in tone and lt is reported that some packers are turning down orders for future delivery. Loose Muscatel are quoted at 810c; seeded raisins, 7llc, and London layers, $1.50 1.65. WHEAT IS CLIMBING Big Jumps in Prices in the Chi cago Pit. THE DEMAND IS ENORMOUS Alarming Reports From the Grow ing Crop In This Country and Europe Corn and Oats Also Advance Very Sharply, CHICAGO, May 21. The price of all lead ing cereals advanced sharply today upon the Board of Trade, because of alarming reports concerning alleged serious ' damage to the grftwlng crop by drouth, green bugs and cold weather. All deliveries of wheat, with the ex ception of July, touched new high record marks. At the close July was up 3c. September showed a net gain ot 4c and De cember a gain of 3c. July corn was lo higher, oats were up lo and provisions 1517o to 25c higher. The wheat market opened excited and strong, with prices ranging from c to lc higher than yesterday's final figures. As trading progressed, prices continued to go higher until all deliveries, except July, had sold at a higher price than previously record ed this season. Even May, in which there Is very little trading, advanced to the dollar mark. September at one time sold at $1.04 and December at $1.04. The high point for July was $1.02. Commission houses and shorts were eager bidders and the large part of the selling came from big holders. The market was influenced chiefly by crop news, the" reports today being of a more serious nature than those previously received. Advances occurred on account of weather conditions, which told of great dam age by drouth and cold weather. In addition to the domestic damage reports, there were numerous unfavorable reports from abroad particularly from Hungary and Southern Rus sia, where the crop is also suffering because of lack of rain. The market derived additional strength from a message from New York, which claimed that Europe purchased about 2,000,000 bushels of American wheat on passage today. The market closed exceedingly strong, with the demand still apparently unsatisfied. July wheat opened to higher at 98 ?98c advanced to $1.02 and closed at $1.01. September opened c higher at 9999c. sold at $1.04 and closed at $1.03. December was lc higher at $1.00(? 1.01, advanced t $1.04 and closed at $1.04. Commission houses and cash Interests were eager bidders for corn, which caused an ad vance of over lc In all deliveries. Strength 'of wheat was partly responsible for the sharp upturn, but continued small receipts and de layed seeding were more potent Influences. The market closed strong. July opened a shade to c lower at 53 53c, advanced to 64 and closed at 6454c. Oats shared in the general advance in prices, September being especially strong and closing at a net advance of 2 cents, compared with the previous close. Advices from Kansas, Ne braska, Iowa and Illinois, - claiming that the crop in those states had been injured by green bugs and cold, dry weather, were the chief cause of the advance. July opened c higher at 4647c, advanced to 48 and closed at 47c. Trading in provisions was quiet, but the market was strong. The sensational advance in grain was the main reason tor the firmness of provisions, although a 5c advance in live hogs helped to some extent. At the close July pork was up 25c, lard 1517c higher and ribs 17c up. Leading futureF ranged as follows: Open. High. Low. Close. WHEAT. May $ .96 $1.00 $ .98 $ .99 July 98 1.02 .98 1.01 September . .99 104 .99 1.03 December .. 1.00 1.04 1.00 1.04 CORN. May .64 .56 July 63 .54 September . .63 .55 OATS. .54 .66 .53 .54 .63 .65 May 47 48 .47 .48 .46 .47 .39 .41 July .47 .48 September .39 .41 MESS PORK. July 16.77 16.92 lfl.77 16.92 September -.16.95 17.05 16.95 17.02 LARD. July 9.25 9.40 9.25 9 40 September ... 9.87 9.55 9.37 B.09 SHORT RIBS. July 9.05 9.16 9.05 9.15 September ... 9.15 9.32 9.15 9.32 Cash quotations were as follows: Flour1 Firm. Standard hard patents, $5.80. "Wheat No. S Spring, 85$1.02; No. 2 red, 971.00. 1 Corn No. 2, 66c; 'No. 2 yellow, 66c. Oats No. 2, 4344c; No. 2 white, 4S 48c; No. 8 white, 4447o. Rye No. 2. 803c. Barley Fair to choice malting. 7680c. Flaxseed No. 1, $1.20; No. 1 Northwest ern. $1.27. Timothy seed Prime. $4.30. CloverContract grades. $15. Short ril Sides (loose), $8.65&8.70. Mess pork Per barrel, $16.75- 16.87 . Lard Per 100 lbs.. $9.27. Receipts. Shipments. Flour, barrels 29.000 39,1100 Wheat, bushels 311,000 . 22.000 Corn, bushels ..... .142,000 2K,000 Oats, bushels 272.0OO ' 265.WO Rye. buxhels M 8,000 90.000 Barley, bushels 61,000 l.iJ Grain and Produce at New York. NEW YORK. May 21. Flour Receipts. 33,200. Exports, 6800. Market, stronger and higher but dull. Wheat Receipts, 234,100 bushels. Ex ports, 17,100. Spots, strong. No. 2 red, $1.04 elevator and $1.05 f. o. b. afloat; No. 1 Northern Duluth $1.14 f. o. b. afloat; No. 2 hard elevator $1.10 t. o. b. afloat. After a quiet opening wheat advanced sen sationally to .new high levels. The upturn was accompanied by disastrous damage re ports from the Spring and Winter wheat belts and from Europe, promoting renewed l.eavy outside speculation. Late realizing brought the prices up- a cent and the close 8c higher, as follows: May closed $1.07; July closed $1.07; Sept. $1.07; Dec closed at $1.09. Hops. Wool and Petrollum Steady. Hides Quiet. Changes in Available S,upplies. NEW YORK.' May 21 Special cable and telegraphic communications received by Brad street's show the following changes In avail able supplies as compared with previous ac counts: . V Bushels. Wheat, United States east of the Rock es. increased oit.uuo Canada, increase 46,000 Total. United States and Canada, increase w,wu Afloat for and In Europe, decrease.. 1,100,000 Total American and European sup ply, decrease 206,000 Corn. United States and Canada, de creased 1,418,000 Oats, United States and Canada, de crease wi.vw Grain at San Francisco. BAN FRANCISCO, May 21 Wheat strong; barley steady. Spot quotations: Wheat Shipping, $1.451. 50; millings, $1.65 1.65.- Barley Feed, $1.2S1.26; brewing, $1.25 1.27. Oats Red, $1.451.7&; white, $1.601.70; black, $1.852.25. Call-board sales: Wheat May, $1.48 bid; December, $1.59. Barley May, 1.26; December, $1.29. Corn Large .yellow. $l.661.60. Wheat at Tacoma. TACOMA. Wash., May 21. Wheat Un changed. Blueetem. 86c; club, 84c: red, 81c. Europena 2nUa Market . ., LONDON, May 21. Csrjroes, firm, "rail fornla, prompt shipment, Od higher, 33s Vd -THE United States National Bank OF PORTLAND J. C. Alnswortli, President. R. W. Schmeer, Caslier. E.' Lea Barnes, Vice-President. A. M. "Wright, Assistant Cashier. W. A. Holt, Assistant Cashier. Capital $ 500,000 Surplus and Profits 380,000 TOTAL RESOURCES 9,000,000 Transacts A General Banking Business Your Account Is Invited Third and Oak Streets, Portland, Oregon American National Bank SAN DIEGO, CAL. CAPITAL (paid up) $100,000. SURPLUS AND UN. PROFITS, $40,000 Officers and Directors : Louis J. Wilde, President ; R. M. Powers, Vice-President; H. E. Mills, Vice-President; Chas. L. Williams, Cashier; L. J. Rice, As sistant Cashier; E. Strahlman. Send I's Your Faclflo Northwest Items. SEND US YOUR VISITORS TOR GOOD TREATMENT SAN DIEGO'S CLIMATE Four times In the history of San IMcgro lias the tm- fciature touched 32 degrees, but has never fallen ower The temperature of Kan TJleg-o has exceeded 90 de grees but nineteen times in thirty-two years. AValla Walla, prompt shipment, Is higher, SUs 6d. French country markets Holiday. Minneapolis Wheat. MINNEAPOLIS, Minn., May 21. Wheat No. 1 hard, $1.06t4i1.06 : No. 1 Northern, 1.0S: No. 2 Northern. 1.023,l.O ; No. 3 Northern, 88c6l.' QUOTATIONS AT SAN FRANCISCO. Prices Paid tor Products in ths Bar City Markets. SAX FRANCISCO, May 21. The following prices were quoted In the produce market yesterday. FRUIT Apples, choice, $2; common, $1; bananas, S12.S0; Mexican limes, S608; California lemons, choice. $3; common, $1.50; oranges, navel. tl3.S0; pineapples, 46. VEGETABLES Cucumbers. 81.25 01.75: garlic, 84c; green peas. lK3c; string beans, 88c; asparagus, 6llo; tomatoes, tl.504. EGGS Store, 15U18c; fancy ranch. lc. POTATOES Early Rose, $1.601.T5; sweets, $4(94.50; Oregon Burbanks, $2ia2.75 Oregon seed, Burbanks, $L85&1.75; Eastern, $1.751.0O; new, 2jj'2'.4e. ONIONS Oregon, $22.25. Australian, $4.25 4.50; Bermuda, $2i&$Z.Xo. BUTTER Fancy creamery, 22c; cream ery seconds, 21c; fancy dairy. 2iuc; dairy seconds, nominal; pickled, 20c. WOOL Fall. Humboldt and Mendocino, 13014c; Nevada, 15018c; South Plains and Ean Joaquin, Uffi&c; lambs, 7 10c HOPS California, 610c; . contracts, 10 lie. CHEESE Young America, 13V414c; Eastern. 12c. HAY Wheat, $18324; wheat and oats. $15 T21; alfalfa, $11(&13; stock, $89; straw, 80 90c. MILLSTUFFS Bran, $20 21.50; mid dlings, $27 030. POULTRY Roosters, old, $4(3-4.60; young, $3 (!10; broilers, small, $34; large, tSfie; fryers, $.507.50; hens, $4.508; young. $&3S. FLOUR California family extras. $4,859 S.30; bakers' extras, $4.604.80; Oregon and Washington, $3.7584.50. RECEIPTS Flour, 1908 quarter sacks; wheat, 1200 centals; barley, 2075 centals; oats. 880 centals; beans, 100 sacks; potatoes, 1450 sacks; bran, 667 sacks; hay, 871 tons; wool, 131 bales; bides, 0. Boston Wool Market Quirt. BOSTON, May 21. The wool market Is showing little sign of activity, and recent transactions have not been on a large scale. Australian stock figures as the most active gradasr--but t some d&mestlc wools have bad a share In the sales. Prices remain steady for practically all grades. Leading quota tions follows: California scoured basis. Northern choice, 6768c; Northern good. 6667c; middle country, 65 08c; Southern, 6263o; fall free, 575Sc; fall defective, 40 if 4 5c. Oregon, scoured Eastern No. 1 staple. 70(9 72c; Eastern No. 1 clothing, 6870c; Valley No. 1, eOgS62o. Territory, staple, scoured basis, fine 70(9 72c: fine medium, 68 70c; medium, 65 68c; ordinary, scoured basis, fine, 68(J70c; fine medium. 65(367c; medium. 6264c VICTOR MANGANESE STEEL BANK SAFE. NEVER BURGLARIZED GLASS & PRUDH0MME CO., AGTS., PORTLAND, ORE. TRAVELERS' GUIDE. Ho ! For Astoria FAST STEAMER TELEGRAPH Round trips daily (except Thursdays) 7 A. M. Landing, Alder-Street Dock. Phone Main 005. j 9 TRAVELERS' GUIDE. Alaska 1907. EXCURSIONS 5 TRIPS 8. 8. Spokane, Juna 14, 28, July 12, 2H; Aug. 9. Queen. July 16. NOME3 FjOVTB. 8. B. Senator June 1 a S. President June 4 - B. E. ALASKA ROUTES. . Skagway, Sitka, Juneau and way porta. Sailing; I P. M. H. S. a Co.'a Humboldt May 2, 12, 22 Cottage City, via Sitka May . 1. 31 City of Seattle May 8, 18, 2( BAIT FRANCISCO ROUTE. Sailing; 9 A. M. From Seattle. City of Puebla May S, 28 Senator .....................May 10, 25 Umatilla. May IS, 30 City Of.lce, 240 Washington St. "THE OWL The SweU Night Train. to Vancouver, B. C, and Intermediate points, carries standard sleepers Seat tle to Vancouver -and Seattle to Bol llrifcham. Leave Seattle Union Depot 11:80 P. M. daily; sleepers redy for occupuncy 9:30 P. M.; passengers re-, main undisturbed until 7 A. -M. Con necting: trains leave Portland at 2 P. M. and 4:30 P. M. daily. Two other (rood trains for Everett. Bellingjham, New Westminster and Vancouver leave Portland Union Depot daily, 8:30 A. M. and 11;45 P. M. For tickets and sleep er reservations call or address If. Dickson, C. P. & T. A., 123 Third St., Portland. Or. Telephones Pac States Main 6S0; Home A 2286. CANADIAN PACIFIC inpreM Line of the Atlantte. Our express steamers, "EMPRtSS OP BRiTAIN" and "E in pre, of IreUuid" (14.-. BOO tons will sail from Quebec to .Liverpool In six days; two days on the majestic St. Lawrence and only four days at sea. They possess every known device to Insure safety speed, comfort and luxury. JT. R. JOHNSON'. Fas. Aft 142 Third at., Portland, Or. Columbia River Scenery Lfe.UllA'10J9 LI -Si. KTKAMKHH Dally servlcs betwe.n Portland and Ths Dalles, except Sunday, leaving Portland at freight and pasengers. Splendid accomsAO Oatlons tor outnts and livestock. Pock foot of Alder su, Portland; foot of Court st. The Dalle. Phoue Mala 1, f Portland. SIR. CHAS. R. SPENCER Wuhlngton-street Dock. Dally, except Sunday, for The Dalles anal ' way landings, at 7 A. M.. returning 1 P. 1 H. Fast time, best service. Phoacsi Main. glMt Home, A. 11. f. North Pacific S.S. Go's. Steamships ' Roanoke and Geo. W. Elder Sail for Eureka, San Francisco and ' Los Angeles direct every Thursday at 8 P. M. Ticket office 132 Third St, near Alder. Both phones, M. 1314. H. Young, Agent. SAN FRANCISCO PORTLAND S. S. CO. ONLY direct passenger vessels. Only ocean steamers affording daylight trip down Columbia Kiver. From Ainsworth Dock. Portland, 9 A. M.: S. S. Columbia May '-'il. June a. 15. etc. S. A. Costa Rica May 31, June 10, 20, etc. From Spear St., San Francisco, 11 A. M.: S. S. Costa Rica May 26, June 5, IS, etc. . S. 8. Columbia May .11, June 10, 20, etc. J AS. ri. utrtSU-N. Agent. Phone Main 268. 248 Washington at. WILLAMETTE RIVER ROUTE mr Corvallls, Albany. Independence, as. lera Steamer "POMONA" leares 6:4 A, L, Tuesday. Thursday and Saturday. For Salem and way landings Bteeraee "OREGON A" leaves 4 A. M Mondan. Wedeiays and Fridays. OttJbUVJI UXI XKAASl-OHTAXIOll GO. root Tartar tree.