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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 4, 1908)
THE MORNING OREGONIAN, SATURDAY, JULY 4, 1908. 13 INCLINED TO HOLD Valley Woolgrowers Expect Better Prices. EASTERN OREGON ACTIVE ev Wools From This State Attract Much Interest in Boston Slight Improvement in General Situation. Wool is now coming forward a little more freely from the Valley, though many grow ers show a disposition to hold back In view Of the recent advance In prices. The gen eral Quotation now Is 124 to 15 cents, the top price for the choicest No. 2. Very little wool was sold at the opening of the season, when the price was around 11 cents, and it Is estimated that over half of the clip i till in growers' hands. Eastern Oregon wools are pretty well .sold vut. Another sale Is scheduled for Monday at Shaniko, which will probably wind up th sealed bid sales. A considerable quan tity of the poorer grades are being sold East of the mountains at private sale on the basis of prices established at the public sales. Most of these are being taken by scourers'. Sales and contracts in Montana are re ported at 15 to 17c. including several well known but not particularly desirable clips at 15 He and the Balr clip of 1,300,000 pounds at 10c. The report is that growers are expecting 18 to 19c for good staple clips. Up to 1 and 17c has been paid in the Triangle section. Other sales In Idaho have been at s to lflc, including 700,000 pounds of Malad wools, the deal for which was closed some days ago. A strong ,Vc Is the estimated scoured landed cost in Boston of half-blood. Sales in Dakota are reported on the clean basis of 45c for half-blood and 42c for three-eighths. New Oregon wools are arriving at Boston and attracting a good amount of interest. A few sales are reported at 17 to ISc for staple. The scoured basis Is 55 to 57c. Re cent sales In the state Indicate an average price for good staple of 5-c landed. Reviewing the situation in the East, the Boston Commercial Bulletin says: The events of the week have caused a change In the outlook. Merchants are more Inclined to look favorably on the future though admitting that the market is to be .a ted wools and the best style of clothing are iiKfiy i meti wim a. guuu nenianu, out It is doubtful if prices can be established on a level high enough to i How of any great margin of prolit. There is no indica tion of any particular improvement in the status of strictly clothing stock. Therefore, 'while the sale of combing wools may prove reasonably profitable, there is the targe bulk of clothing wools, about the future of which there is much douht. In the mill situation Improvement is ap parently checked for the time being. Dupli cate ordering develops slowly. Some lines have taken fairly well, but there is no gen eral satisfaction in the amount of business accomplished. It is a problem to many manufacturers as to what they can do to keep machinery running. In the meantime mills that are running only part time and have no certain hope of Increasing their output will buy sparingly of raw material, no matter how attractive its price or quality. MOVEMENT OF CALIFORNIA FRUIT. Shipments of Cherries and Apricots Nearly at an End. The movement of California deciduous fruits in th past week is reported by the California Tuit Distributors as follows: Cherries, 17 cars There wtll only be a few more cars shipped ; practically at the end of the season. Apricots. cars The same condition ap plies to apricots ; the shipping season Is practically over and only those will be mar keted that are now en route. Peaches, 7H cars The bulk of the peaches going out the last week have been Triumphs The Hates Early are nearly done, as are also the Triumph. Shipment of peaches will decrease very considerably the next seven days and the bulk of those available for shipment will be the St. Johns. Pears, 6 cars The bulk of the pears that have gone forward have been of the earlier varieties. There have been a few scattered boxes of Bartletts. No considerable quan tity of Bartletts will be picked until after the Fourth of July and the shipment will be light until probably the 10th. The crop is coming on nicety. We are going to have ood. fair-sized, very clean, smooth and nice stock. Quality will be equal to any fruit of this kind that has ever gone out of the state. Remember this, there is absolutely no scab or smut on the Bartletts this year. Grapes Prospects are good for all varieties In all districts. Considerable num ber of Thompson seedless will go forward about the middle of July, with Malaga and other varieties following In their regular order. CAR OF LOGANBERRIES MONDAY. Shipment by the Brooks Association Wtll Start on Large Scale. The Loganberry season will open in earnest Monday when a carload will arrive from Brooks. F. M. Lick, manager of the Brooks Fruit .Growers' Association, has opened an office in this city to dispose of the crop, which, he says, will amount to 50 cars. Shipments will be made to Port land, Seattle. Tacoma. Spokane and other Northwestern points and the shipping season will last about three weeks. The quality of the Brooks fruit is said to be very good. A mixed car of watermelons, cantaloupes and tomatoes was distributed yesterday. The watermelons were soft and inferior In ap pearance and were quoted at 24 cents per pound. Other fruit was in fair supply and steady In price. Weekly Receipts of Produce. The reecipts of produce for the five busi ness days of the week are reported by the Board of Trade as follows; Apples. 142 boxes; apricots. 135 bpxes; as paragus, ,"i boxes; bananas. 2 cars; barley, 2 cars; beans, 30;i boxes; butter, 4:D boxes; cabbage, a crates; cantaloupes. tiO.:oi pounds; cauliflower, l box ; cheese, ir;t boxes; cherries, 1490 boxes; chickens, coops; clams, lSt boxed; corn, 1 car; corn, green. L77 sacks; crabs, 20 boxes; crawfish, ol boxes; cream. :tH.otl gallons; cucumbers, U;it boxes; currants, 17 boxes; ducks. 15 coops; eggs. SOI cases and 44,595 pounds; nsh. 2l:t boxes; Hour. S cars and 313 sacks; fruit, tW2 boxes ; geese, a coops; flgs. 34 boxes; gooseberries, )i boxes; grapefruit, 4044 pounds; hay, 203 bales and ;il cars; hugs. Hit; lemons, 1S! boxes and 85,444 pounds; limes, boxes; Loganberries. 44 boxes; greens, 2 boxes; meat. 3tit,370 pounds; milk, 1324 gallons; mutton, 3 and 27.H4S pounds; oats, 715 sacks and 5 cars; onions, tK.50rt pounds; oranges. 7 boxes and pounds; oysters. 40 sacks; peaches. o!S boxes and 3S.ti42- pounds; peppers, 21 boxes; pess. 7 sacks; pigeons, 4 coops; mo hHir. I sack; plums, jos crates and C9.rtl2 pounds: potatoes. 7il sacks and 122.i52 pminds; poultry. 4 boxes and 445 pounds: prunes. 45 boxes; rhubarb. 40 boxes; straw berries. ot:i boxes; tomatoes, "S5 boxes and lM'S pounds; veal. 2 1 u ; vegetables, 45 boxes; watermelons, rttWO pounds; wheat. 75 sacks and 37 cars; wool. 12 sacks; squabs, 2 coops; pineapples, 1 crate; pears. 1675 pounds. Bank Clearings. Cleartngs of the Northwestern cities yes terday were as follows; . , Clearings. Balances. Portland $ 22.2v3 f ts .!1 Seattle I.fift.YSr.rt 2S7.427 Tavoma Ki5,iH ,v; --'t Spokane 1.10.27 1.W.42C Clearings of Portland. Seattle and Tacoma for the five davs of the week and the cor responding week in former years follow: Portland. Seattle Tacoma. inns 4.flltt.20i J.OStiAM $T 7"" t.$ 1V iH.M2 P 2l.40O 4.5K1 034 100 5.H4,7.& Jt.55S.S8S 3,3ti5.420 Holiday In Wholesale Dfetrirt. The holiday will be strictly observed by the wholesale Lr4a today. Front sired houses will be closed all day. There waa no session of the Board -of Trade yesterday and there will be none today. Good Demand for Poultry. There was a good demand for poultry at firm prices yesterday and all the arrivals cleaned up. Eggs were firm and fairly active at the previous range of prices. There were no new developments in the butter or cheese markets. BOARD OF TRADE QUOTATIONS. Grain. Flour and Feed. WHEAT Track prices: -Club. 85c per bushel; red Russian, 83c; blues tem. B7c; Valley, 85c FLOUR Patent. 94-85 per barrel; Straights. $4.054 55; exports, $3.70; Val ley, $4.45; 14-cack graham, 94.40; whole wheat, $4.5; rye, 95.50. BARLEY Feed,' $24.50 per ton; rolled, . 927.5U2S. 50; brewing, 926. OATS No. 1 white, 926.50 per ion; gray, 926. MILLSTUFFS Bran. $26 00 per ton; mid dlings, f.)0.50; shorts, country, $28.50; city, 92S ; wheat and barley chop, $27.50. HAY Timothy, Willamette Valley, $15 per ton; Willamette Valley, ordinary, $12; Eastern Oregon, $17 50; mixed, $15; alfalfa. $12; alfalfa meal, $20. Bleats and Provisions. DRESSED MEATS Hogs. fancy, 7H per pound; ordinary, 6e; large, 6e; veal, extra, 8c; ordinary, 67c; heavy, 6c; mut ton, fancy, 89c. HAMS Hanu. 10-13 lbs., l6c per pound; 14-16 lb., lttc; 18-20 lb., 16c. BACON Breakfast, 16&23c per pound; pic nics. 10c; cottage roll, lie. DRY. SALT AND SMOKED Regular short clears, smoked, 12 Vic per pound; un moked, lls; unsalted bellies, smoked, 14 He, un smoked, 13Vjc; clear backs, unsmoked, llc; smoked, 12 He; shoulders, 12c. LARD Kettle leaf, JOs, 13 14 c per pound; 5s, 14 yt c; 50s, tins, 12 & c; S. rendered. 10s. 12c; 5s, 12 c; compound, 10s. 9&c. Butter, Eggs and Poultry. BUTTER Extras, 3c per pound; fancy, S4c; choice. 20c; store, 17c. EGGS Oregon, IS (ft 19c per dozen. CHEESE Fancy cream twins, 15 4c per pound; full cream triplets, 13 full cream Young Americas, 14ic POULTRY Mixed chickens, 12c lb.; fancy hens. 1212M!c; roosters. &c; Springs. 18c; ducks, old, 12i 13c ; Spring. 12 Va & 14c ; geeee, old, SljOc; young. 12f5!3c; turkeys, old, 16-gl8c; young, 2o&2Tic; dressed, 1719c. Fruits and Vegetable. APPLES Select, $3 per box; choice to fancy, $2; common. 75c&$l; new California, $1.50. POTATOES Old Oregons. 5075c per hundred; new, lrfflc per pound. FKESH FRUITS Oranges, Mediterranean Sweets. 93. 50 3. 7 5 per box; Valencias, $4 4.50; lemons, fancy, $4.75; choice, $3.50 4; standard, $3; strawberries, 7Vc per crate ; grapefruit, choice to fancy, . 2.50 3.50; bananas, 5V4tfc per lb; cherries, 2& 8c per pound; gooseberries. 5fee6c per pound; apricots, $1.25 per crate; canta loupes, 90r91.75; blackberries, 91 1.25 per crate; peaches, 6i&'85c crate; plums, 75eg$1.25 per crate; figs, $1. 25(8-1. 75 per box; watermelons, 2(3 4c per pound; grapes, $1.75 per crate; currants, 8c per pound; rasp berries, $1.25 per crate ."loganberries, 50c 91-25 per crate. ONIONS California red. $123 1.50 per sack; garlic. 15 20c per pound. VEGETABLES Turnips, $1 per sack; carrots, $1.30&) 1.75; beets, 91.50; parsnips, 91.25; cabbage, $1.50 per cwt. ; beans, 610e per pound; head lettuce. 25 33c per dozen; cucumbers. California, $1.25 per box; Ore gon, 50 75c per dozen; asparagus, 75c per doz. ; eggplant, 15c lb.; parsley, 25c per doz. ; peas, 2f54c per lb. ; peppers, 20c per pound ; radishes. 15c per dozen; rhubarb, 3c per pound; spinach, 3c per pound; cauliflower, 92.50 per crate; green corn, 40c per dozen; tomatoes, $1.23 3 per crate; artichokes, 50 65c per dozen. JOBBERS QUOTATIONS. Groceries, Dried Fruits, Etc DRIED FRUITS Apples. 7c per pound; peaches, ll(g12c; prunes, Italian, 56c; prunes, French, 3 5c ; currants, unwashed, cases, 9 4 c ; currants, washed, cases, 10c ; figs, white, fancy, 50-pound boxee, 6c. COFFEE Mocha, 24 (ft 28c; Java, ordinary 17 20c; Costa Rica, fancy, 18 20c; good, 16 18c; ordinary, 12 16c per pound; Co lumbia Roast, 14c; Arbuckle. 916.50; Lion, 915.75. RICE Southern Japan, 514c; head, 6H9 7c: Imperial Japan, ttc. SALMON Columbia River, 1-pound tails, $2 per dozen; 2-pound tails, $2.05; 1-pound flats, $2-10; Alaska pink, 1-pound talis, 95c; red, 1-pound tails, $1.45; sockeyes, 1-pound tails. $2. SUGAR Granulated, $6 25; extra C, $3.75; golden C. 95-65 ; fruit and berry sugar, $6.25; plain bag. $605; beet granulated, $6.05 ; cube (.barrels), $6.65; powdered (barrels), $6.50. Terms: On remittances within 15 days deduct c per pound; if later than 15 days, and within 30 days, deduct .c per pound. Maple sugar, 13 18c per pound. NUTS Walnuts, 16 16c per pound by sack; Brazil nuts, 16c; filberts. 16c; pecans, 16c; almonds, 16HlSc; chestnuts, Ohio, 25c; peanuts, raw, 6Sic per pound; roasted, 10c ; plnenuts, 10 ) 12c ; hickory nuts, 10c; cocoanuts, 90c per dozen. SALT Granulated. $15 per ton; $2.15 per bale;, half ground, 100s, $12 per ton; 50s, $13 per ton. BEANS Small white, 5c; large white, 4c; pink, 4c; bayou, 4c; Lima. 6c; Mexi can red, 44 c. HONEY Fancy. 93.503.75 per box. CEREAL FOODS Rolled oats, cream, 90 pound sacks, per barrel, $7; lower grades, $5.50 0.5O ; oatmeal, steel-cut, 45-pound sacks. $8 per barrel; 9-Ib. sacks, 9-1-25 per bale; split peas, per 100 pounds, $4.254.80; pearl barley, $4.50 5 per 100 lbs.; pastry flour, 10-pound sacks, $2.76 per bale; flaked wheat, $2.75 per case. GRAIN BAGS 67ceach. Coal Oil, Iinaeed OH, Etc. REFINED OILS Water white. Iron bar rels. 10c; wood barrels, 144c. pearl oil. cases, 18c; head light, iron barrels, 12c; cases, 19c; wood barrelB, 16Hc. Eocene, cases. 21c. Special W. W., iron barrels, 14c; wood barrels, 18c. Elaine, cases, 23c. Extra star, cases, 21c. GASOLINE V. M. and p. naphtha. Iron barrels, 124 c; cases, 19 c. Red Crown gasoline, iron barrels, 16 Ve c ; cases, 22 V4 c ; motor gasoline, iron barrels, 15 He; cases, 22V2C: 86 gasoline. Iron barrels, 80c; cases, 37Vac; No l engine distillate, iron barrels. 9c; cases, 16c. LINSET-TD OIL Raw, barrels, 51c; boiled, barrels. 53c ; raw, cases, 57c ; boiled, cases, 59 c. OIL CAKE MEAL Ton lots. $34. Hops, Wool. Hides, Etc. HOPS 1907, prime and choice, 56c per pound; olds, 2&2Vic per pound. WOOL Eastern Oregon, average best, 10 1640 per pound, according to shrinkage; Valley, 12il5 3-3c. MOHAIR Choice. 18lSHc per pound. CASCARA BARK New, 3Vac; carloads, 4c; old. 4c; carloads, 4J4c per pound. HIDES Dry, n12c; dry calf. No. 1, under 5 lbs., 14 Q1 16c; culls. 2c per lb. less; salted hides, offfS'ic; salted calf. 910c; green (unsalted), lc lb. less; culls, lc per lb. lews; sheepskins, shearlings'. No. 1 butchers stock, each, 25 ' 50c; short wool. No. 1 butchers' stock, each, 50ti0c ; me dium wool. No. 1 butchers stock, each, 75c & $1.00; long wool. No. 1 butchers' stock, each, $1.23 1.50; horse hides, salted, each, according to size, $2.00 2. 50; dry, accord ing to size, each, 91.00&1.50; colts' hides, each, 2350c; goat skins, common, each, 15&25c; Angoras, with wool on, each, 30c $1.50. FURS No. 1 skins. Bear skins, as to size. No. 1, each, $5.0010; cubs, each, $1 3; badger, prime, each, 25 50c; cat, wild, with head perfect, 3050c; house. 520c; fox, common gray, large prime, each. 40 50c red. each. $35; cross, each. $5U5; stiver and black, each, $100t& 300; fishers, each, $5S; lynx, each, $4.506; mink, strictly No. 1, each, according to size, $1 S; marten, dark northern, according to size and color, each, $10&15; marten, pale, ac cording to size and color, each, $2.50 4 ; muskrat. large, each, I23&15c; skunk, each, S0i&40c; civet or polecat, each, 515c; otter, for large, prime skin, each, $6(gl0; panther, with head and claws perfect, each, $23; raccoon, for prime large, each. 5073c; wolf, mountain, with head perfect, each, 93.5O0 3.00; prairie (coyote), 60c$1.10; wolverine, each. $0S.O0. Eastern Mining Stocks. BOSTON, July 3- Closing quotations; Adventure 4.00 (Mont c Sc C. . 60. Allouez 30 00v Old Dominion 33. Amalgamated 66 25 Osceola I05. Atlantic . . . 14.50 Parrot 23. Bingham ... 25.00 iQuincy 86. Cal & Hecla.65.00 '.Shannon 13 Centennial .. 26.00 Tamarack 64 00 50 00 O0 00 23 73 62 f4 Copper Range 7l."o ITrinity 12. Dalv West... lO.rti'i. to. Mining. 36. Franklin 9 23 r. S. Oil 24 Granbv 93 ( 'Utah . . 41. Isle Royale.. 10.73 -"Victoria 4 Mass Mining. 4.50 'Winona 5 00 .50 , .00 75 30 Miehicran .0O wolverine 1.75 Mohawk 58.37; NEW YORK, July 5 Closing quotations: Alice 200 :Leartvi:ie Con... 5 Breece 5 'Little Chief 7 Brunswick Con. 3 : Mexican 41 Com Tun stock. S 'Ontario 475 do bono 184 Ophlr 230 C C Va 34 iFmat! Hopes.... tS Horn Stiver. . . . 5t Standard 175 , liua SUver lul tYeUow Jacket... 42 AT A STANDSTILL Stock Market Breaks Its Rec ord for Inactivity. SMALLEST LIST OF SALES Appointment of Receiver for Box Board Company Creates a Bad ' Impression Bank Show ing Is as Expected. NEW YORK. July 8. There is nothing In the modern annals of the stock exchange to furnish a parallel to the diminutive figure of the day's sales, which amounted to only 71,000 shares. Many brokers absented themselves In .prolongation of the holiday which Is to set In tomorrow. Those who were present were on the floor from a sense of obligation and were disposed to ex aggerate the situation in a spirit of criti cism of the stock exchange authorities for the refusal to gran the petition of mem bers to close the exchange today. The appointment of a receiver for the United Box Board & Paper Company made an unpleasant impression of possible further mortalities to be recorded among embar rassed Industrial- corporations, but it was Ignored by the stock market. The bank statement for the five days shows the expected effect of the trust com panies' withdrawals to bring their propor tion of reserve up to the new 10 per cent requirement, which went into effect on July 1, the 11,3K).000 decrease in cash com paring with the known movement of money into bank reserves of over $3, 000.000. The considerable loan expansion ' is in conson ance with the heavy financing of the turn of the half year. Bonds were irregular. Total sales, par value, $2,050,000. United States 'Js regis tered have advanced H per cent on call during the week. CLOSING STOCK QUOTATIONS. Closing Sales. High.' Low. Bid. Amal Copper .... 1,700 6H'. 6tt 66 Am Car & Foun. 100 34 34 34 do preferred 97 Am Cotton Oil 100 30 30 30 Am Hd .& Lt pf. ..- 17U, Am Ice Securl 26 H Am Linseed Oil., 8 Am Locomotive S6Ji do preferred ... 300 102 102 101 Am Smelt & Ref. -10,900 77 H 76 77ig do preferred ... 900 10Hi 10014 llo Am Sugar Ref.. 100 125 125 125 Am Tobacco pf 89 Am "Woolen 22 Anaconda Min Co. 1,600 41i 41 41 Atchison 300 81 81 SI do preferred 92 Atl Coast Line ; 88 Bait & Ohio 500 87 87 do preferred 83 87 Brook Rap Tran. 600 48 47 48 Canadian Pacific 159 Central Leather .. 200 25 25 25 do preferred 92 Central of N J 195 Ches & Ohio 500 40 39 40 Chi Gt Western.. 2f0 B 6L4 k Chicago & N W.. 500 151 151 151 C, M & St Paul 1,800 134 133 133 Colo' Fuel & Iron '"i0 26 26 26 Colo & Southern.. 300 31 31 30 do 1st preferred. 38 do 2d preferred. 20O 49 49 48 Consolidated Gas.. 200 126 125 128. Corn Products 16 Del & Hudson 167 D & R Grande 24 do preferred 63 Distillers' Securl 33 Erie TOO 19 19 19 do let preferred 34 do 2d preferred. 100 24 24 23 General Electric 132 Gt Northern 'pf.. 1,100 131 131 131 Gt Northern Ore 58 Illinois Central .. 40 129 128 128 Interborough Met. 2oO 11 11 11 do preferred ... 400 30 30 30 Int Paper 9 do preferred 53 Int Pump 23 Iowa Central .... 100 16 16 1C K C Southern 22 do preferred 53 Louis Nashville 800 105 104 104 Mexican Central 14 Minn & St Louis 100 27 27 27 M, St P Sc S S M 108 Missouri Pacific. 100 48 48 "47 Mo. Kan & Texas. 500 27 26 27 do preferred 58 National Lead ... 600 . 65 65 65 N Y Ceenral 103- N Y. Ont & West. 100 40 40 40 Norfolk & West.. 1,200 70 69 69 North American 59 Northern Pacific. 1,100 137 136 136 Pacific Mall 24 Pennsvlvanla 300 120 120 120 People's Gas 300 92 92 92 P. C C & St L 75 Prepsed Steel Car 27 Pullman Pal Car ' 159 Rv Steel Spring 35 Reading 5.4QO 114 113 113 Republic Steel ... 200 18 18 18 do preferred ... 400 67 67 68 Rock Island Co.. 500 15 15 15 do preferred ... 1,800 29 29 28 St L & S F 2 pf 24 St 1 Southwest 16 do preferred 38' S;oes-Sheffield 200 51 51 51 Southern Pacific .. 1,900 86 86 86 do preferred 116 Southern Railway. 300 16 16 16 do preferred ... 100 44 44 44 Tenn Copper 35 Texas & Pacific 23 Tol, St L & West 19 do prfferred ... 400 44 44 44 Union Pacific ... 4,900 145 145 145 do preferred ... loo 82 82 82 U S Rubber 200 24 24 24 do 1st preferred. 2C0 91 93 92 U S Steel : 9.20O 38 38 38 do preferred ... 3.10O 103 103 103 I'tah Copper 600 34 33 33 Va-Caro Chemical 22 do preferred 90 Wabash 10 do preferred ...... 22 Westinghouse E'.ec 800 53 53 53 Western Union . . . 100 55 55 55 Wheel & L Erie 6 Wisconsin Central 16 BONDS. NEW YORK. July 3. Closing quotations: U. S. ref. 2s reg.104 ' D & R G 4s 89 do coupon 104 ! X Y C G 3s... 91 U. S. 3s reg....l00 ;North Pacific 3s. 72 do coupon. .. .100 'North Pacific 4s. 100 U S new 4s reg.121 i South Pacific 4s. 85 do coupon .... 122 4 'Union Pacific 4s. 100 Atchison adj 4s SS;wiscon Cent 4s. 88 Stocks at London. LONDON, July 3. Consols for money, do for account, 8SH. Anaconda ... 8.50 !N. Y. Central. 104. Atchison 83.62 !Norf lk & Wes 70. do pre'.... 94.50 ! do pref..... 83. Bait & Ohio. 8S.62!Ont & West.. 41. Can Pacific. .164. 02:Pennsylvania. 61. Ches & Ohio. 40.25 IRand Mines.. Chi Grt West 6.25 C. M. & S. P. 137.00 De Beers 11.00 D & R G 25.25 do oref 62.25 iReadln Southern Ry.. i do pref. ! South Pacific. 43 .30 50 37 no S7 73 on oo 75 75 (Union Pacific. 149. Erie 17.37'A do pref S6. do 1st pf.. 35.50 U S Steel. do 2d pf . . 25. 0O ! do pref. . Grand Trunk 18.25 (Wabash .. Ill Central. . .132.00 do pref.. L A N 367.50 'Spanish 4s 38. 103. . 12. 23. 92. Mo. K &;T.. 29.00 !Amal Copper . 67. Money. Exchange, Etc NEW YORK. July 3. Money on call easy. 191H per cent: ruling rate. 1 per cent; closing bid, 1 per cent; offered at 1 per cent. Time loans weak and dull; 60 days, 1 2 per cent: 90 days, 2 per cent; six months, 3 per cent. Prime mercantile paper, 34 per cent. Sterling exchange firm, with actual busi ness in bankers' bills at 54.8695 for de mand and at 4.8360ii?4.S37O for 60-day bills. Commercial bills. 4.SJ 4-85.- Bar silver. 53c. Mexican dollars, 46c. Bonds, Governments, steady; railroads, steady. SAN FRANCISCO. July 3 Silver bars, 53c. Mexican dollars, nominal. Drafts, sight, 10c: telegraph, 12 c. Sterling on London, 60 days, $4.86: light, f4.87. - LONDON. July S. Bur silver Quiet, at 24 13-16d per ounce. Money 1 per cent. The rate of discount in the open market for short bills is 1 per cent; three months' bills, 1 per cent. Sl'RPIAS RESERVE IS DECREASED Lose of 'Eleven Million hy New York Bsnki In tho Week. NEW YORK. July 3. The statement of clearing house banks for the week (five days, shows that the banks hold $54,693. 300 more thau the requirements of tlu 25 per cent reserve rule. This is a decrease of fll,403.5OO In the proportionate cash re serve as compared witlt last week. The statement follows: -- Decrease. Loans $1,241,096,500 $ 9.875.700 Deposits 1.320.470.SOO 294.400 Circulation . . 56.459,900 349.300 Legal tenders .. 78.1H9.4O0 1.2S3.3O0 Specie 306. 623.600 10.O46.600 Reserve ;'.S4.813,000 H,329.a00 Reserve required. 330.11T.7OOj 73.600 Surplus 54.695.300 11.403.500 Ex-U. S. deposits 58,191,673 ' ll,6ST,.05O Increase. The percentage of actual reserves of the clearing house banks at the close of busi ness yesterday was .28.98. The statement of banks and trust com panies of Greater New York, not members of the clearing house, hows that these In stitutions have: Aggregate deposits $993. 350.300 Total cash on hand S9.oS.SOO Loans 907,8-32,500 Dajly Treasury Statement. WASHINGTON. July 3 Today's state ment of the Treasury balances in the gen eral fund, exclusive of the $150,000,000 gold reserve, shows: Available cash balance $236,197,910 Gold coin and bullion 32.053.929 Gold certificates 34,426,360 New York Exchanges Closed. NEW YORK. July 3. Cowon. Produce and Coffee Exchanges were closed today. PORTLAND LIVESTOCK MARKET. Prices Quoted Locally on Cattle, Sheep and Hoe. There were moderate receipts c-f livestock yesterday and with a fair demand prices ruled steady In all lines. Dealers do not look for any further decline in prices unless shippers should dump inferior stuff on the market. Receipts yesterday were 85 cattle, 390 sheep. 50 hogs and 375 cattle. The following prices were current on live stock in the local market yesterday: Hogs Best, $6.256.50; medium, $5.73 6; feeders, no demand Cattle Best steers, $4.25; medium, $3:75 4; common, $3,2513.50; cows, best. $3 3.25; medium, $2.5002.75; calves, $4,500 5.25. ' Shee Best sheared wethers, $3.75; mixed, $3 23 S3. 50; Spring lambs, $4.50 4.75. Eastern Livestock Market. CHICAGO, July 3. Cattle Receipts, about 1500; market, strong. Beeves, $4.70 8.25; Texans, $4.156.40; Westerns, $4.60fe 6.70; stockers and feeders. $2.6o5.15; cows heifers, $2.406.15; calves. $4.50(6.25. Hogs Receipts, about 17,000; market, 5 10c higher. Light, $5.906.27; mixed, $6.256.30; rough. $6.05ig6.30; good to choice heavy, $6.656.67 ; pigs. $4.804P 5.80; bulk of sales. .S5 6 S3. Sheep Receipts, about $4010; market, strong. Natives, $2.754.50; Westerns, $2.754.50; yearlings. $4.5O5.40; lambs, $4'36.40; Westerns. $4i650. Hogs Heavy, $ 0.05a 6.65. KANSAS CITY, Mo.. July 8. Cattle Re ceipts, 1000; market, strong. Native steers, $5y8; native cows and heifers. $2.256.50; stockers and feeders. $35.25; bulls. $3 4.50; calves, $3.255.25; Western steers, $4.757.50; Western cows, $2.4.50. Hogs Receipts, 5000; market, 610c higher. Bulk of sales. $66.20; heavy, $620e'6.30; packers and butchers. $66.25; light, $5.90lS'6.20; pigs. $4.75 5.25. Sheep Receipts, 1000: market. steady. Muttons, $3.604.25; lambs, $4.50a6; range wethers, $3.504; fed ewes, $3.256 3.60. OMAHA. July 3. Cattle Receipts, 900; market, shade stronger. Native steers, $4.50T.6O; cows and heifers, $3S5.25; Western steers, $3.756; Texas steers, $3 5: range cows ani heifers. $2.75(4.75; can ners. $23.25; stockers and feeders, $3(&5; calves. $2.755.75; bulls and slags. $2.755. Hogs Receipts, 7600; market, 10c higher. Heavy, $6.056.15: mixed. $6-058.07: light. $5.956.10; pigs. $5.505.85; bulk of sales. $6.05 6.10. Sheep Receipts, 1300; market, steady." Yearlings. $44.50; wethers. $3.504.65; ewes, $33.75: lambs, $3 50 06.50. QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce in the Bar City Markets. SAN FRANCISCO, July 3. The follow ing prices were quoted .in tbe produce mar ket today: Vegetables Cucumbers, 50c$1.50; garlic 45c; green peas, 23c; string beans, 3 5c; asparagus, 2-5c; tomatoes, 75e(&$1.40; eggplant, 45c. Butter Fancy creamery, 22c; creamery seconds, 21c; fancy dairy, 20c; dairy sec onds, 20c. Cheese New, 10llc; Young America. 13 13c. Eggs Store. 21c; fancy ranch. 22c. Poultry Roosters old, $3.5o4.00; roost ers, ' young, $79; broilers, small, $22.50; broilers, large, $33.50; fryers, $5-$j5.50; hens. $4(S-8; ducks, old, $4(&5; young, $57. Mlllstuffs Bran, $3031; middlings. $3435. Wools Spring. Humboldt and Mendocino, 15c; Mountain, 48t:; South Plains and Sa Joaqln, 7(g9c; Nevada, 9(S'12c. Hops New and old crops, 36c; contracts. 93 10c. Hay Wheat. $1215.50; wheat and oats, $12(14.50; alfalfa. $913; stock. $89; straw, per bale, 55 90c. Fruits Apples, choice, $2.75; common, 40c; bananas, $13.50; Mexican limes, $5 5.50; California lemons, choice, $3.25; com mon. $1; oranges, navels, $2.306 3 30; pine apples, $1.504. Potatoes Early Rose, 8590c; Oregon Burbanks, 75 85c. Receipts Flour, 3356 quarter sacks; bar ley, 2155 centals; potatoes, 2443 sacks; bran. 15 sacks; middlings, 20 sacks; hay, 559 tons; wool, 10 bales; hides, 2805. Bank Clearings. NEW YORK. July 3. Bradstreefs bank clearings report for the week ending July 2. shows an aggregate of $2,485,774,000 as against $2,063,442,000 last week, and $2 791, 18S.0OO in the corresponding week last year. The following Is a list of the cities: Pet. . TKC. Jvew York $1,480,160,000 12.7 Chicago , 208.110.000 4.9 Boston 151,211,000 5.2 Philadelphia 123,467,000 19.2 .St. Louis 57,463.000 .2 Pittsburg 42,696,000 23.7 San Francisco 33.552,000 15.1 Kansas City ..; 28. .193,000 19.5 Baltimore 29,632.000 14.5 Cincinnati 24.238.000 9.1 Minneapolis 17.22S.OO0 5.2 New Orleans 11.949,000 22.8 Cleveland 13,303,000 27.3 Detroit 12.710.00O 4.5 Louisville 10,539,000 19.8 Los Angeles 9.73S.000 !.:! Omaha 10.524,000 12.1 Milwaukee 10.102.000 1.3 Seattle 8,041,000 St. Paul 11,543.000 43.9 Buffalo 9.338, 00O '4.5 Denver 7.758,000 17.3 Indianapolis 7.9S1.O00 7.2 Fort Worth 9,292.000 '100.2 Providence 6,320,000 14.2 Portland, Or 5.191.000 13.0 Albany 5.341, 0O0 18.0 Richmond 5.440.OOO 2.1 Washington, D. C 4,924.000 9.2 Spokane, Wash ' 5.682,000 11.8 Salt Lake City 4. 72S.O0O ' 36.7 Columbus 5.244.000 4.9 St. Joseph 4.844.000 4.9 Atlanta 3,428.000 6.3 Memphis ; 3.S74.000 "2.6 Tacoma 4,032,000 6.9 Savannah, 2.618.000 9.1 Toledo. O. s 2,982,000 31.6 Nashville 3.004.000 13.3 Rochester 4.000,000 1B.1 Hartford S. 598,000 "8.4 Des Moines 2.031.000 9.5 Peoria 2.008,000 15.1 Norfolk 2 425.000 1.8 New Haven 2,039.000 6.8 Oakland 1.4R7.0O0 33.0 Helena 656.00O Houston" 16.395. 0OO 7.1 Galveston" 12,557,000 25. 1 Sacramento 699,000 Increase. Not included in totals because contain ing other items than clearings. D-iry Produce In the East. CHICAGO. July 3. On the produce ex change today the butter market was easy. Creameries. 19 22c; dairies. 17 21c. Eggs Steady; at mark, cases included. 1415c; firsts,. 16c; prime firsts, 18c. Cheese Weak, 10llc. NEW YORK. July 9. Butter 8teady, unchanged. Cheese Weak; new state full creameries, 1112c; do small colored or white fancy, 11c: do large, 10c;.do good to prime, 910c; do common, 89c Eggs Firm, unchanged. ( New York Markets. NEW YORK. July 8. Grain markets closed. Wool Steady. 31c. Petroleum steady. Sugar Raw. firm; fair refining. 8.89 3 92c: centrifugal. 96 teet. S.9H 4.22c: mo lasses sugar. 3.643.67c. Refined, steady: crushed, 6.10c; powdered. 5.80c; granulated, 5.40c. Molasses Quiet: New Orleans. 2842c Wool at St. Louis. ST. LOUTS. July 3. Woel. firm; territory and Western mediums, 14 19c; fine medium, 10 & lie; fine, 9 12c WEAK ON SELLING Chicago Wheat Market Takes a Bearish View. . TRADE ON SMALL SCALE Good Harvesting Weather and De cline at Liverpool Are the De pressing Factors Flurry In ' the Provisions Market. CHICAGO, July 3. The wheat market opened weak and continued weak the great er part of the day, owing to scattered sales by commission houses. Trade was Inclined to be dull, owing to a short session of the exchange today and to the complete ces sation of business tomorrow. The principal bearish factors were a decline at Liverpool in the face of an advance here yesterday and the generally clear weather in the har vest fields In the Southwest. Crop news wae more meager than for some time past, and that from the Northwest waa of a bearish nature. The market closed easy. September opened c to c lower at 87 e to 87c sold at 87c and then advanced to 88 c. The close was at 87 87 44 c. The feature of trading In corn was active buying of July by shorts, which resulted in an advance of nearly 2 cents in that option. The market closed firm. Septem ber opened a shade to c lower at 71 71c, sold at 70c and, then advanced to 72c and closed at 7171ic. Oats were inclined to be weak at the start in sympathy with wheat and corn, but later prices rallied on buying by cash interests and commission houses. The close was firm. September opened c lower, at 4040c. advanced to 41 c and closed at 40 S 41c. Provisions were strong from start to finish, because of active demand by shorts and local packers. Pork was In especially good demand and showed the greatest gain, the September delivery closing with a net advance of 47 50c Lard was up 10c. at $4.87. Ribs were 17 20c higher, at $8.75. The leading futures ranged as follows: WHEAT. Open. Hlghl Low. Close. July $ .86 $ .87 $ .86 $ .86i September ... .87 .88 .87 .874 Dec, old 89 .89 .80 .89 Dec. new ... .89 .89 .89 .89 CORN. July 71 .72 .70 .72 September ... .71 .72 .70 .71 December ... .61 .61 .60 .61 May 61 .61 .61 .61 OATS. July, old 47 .48 .47 .47 July, new ... .47 .47 .47 .47V September ... .40 .41 .40 '.41 December ... .41 42 .4H4 .41 May 43 .44 .43 .43 PORK. July 14.82 15.30 14.82 15.30 September ...15.10 15.55 15.10 15.55 October 15.20 15.60 15.20 15.60 LARD. July 9.82 9.35 9.82 9.35 September ... 9.40 9.50 9.40 9.47 October 9.50 9.37 9.50 9.67 SHORT RIBS. July 8 50 8.57 8.50 8.57 September ... 8.60 8.75 8.60 8.75 October 8.65 8 82 8.65 8.82 Cash quotations were as follows: Flour Steady. Wheat No. 8, 85c$1.05; No. 2 red, 89 90c. Corn No. 2, 7273c; No. 2 yellow, 74 75e. Oats No. 2, 50c: No. 3 white, 5354c. Rye No. 2, 7576c. Barley Fair to choice malting, 6470c. Short ribs Sides, (loose) $8.258.62. Pork Mess, per bbl., $15.30S15.67. Lard Per 100 lbs.. $9.35. Sides Short, clear, (boxed $S.739. Receipts.' Shipments. Flour, bbls. 24.300 23,000 Wheat, bu 12,000 121,000 Corn, bu 184. 30O , 306,400 Oats, bu 222.000 427.300 Rye. bu. 1.000 1,000 Barley, bu 27.500 11,000 Foreign Wheat Shipments. Foreign wheat shipments for the week are reported by the Portland Merchants' Exchange as follows: Argentine shipments. 2.164,000 bushels; last week, 2,304.000 bushels. Australia, 32,000 bushels; last week, 4000 bushels. India, 208.000 bushels; last week, 136.000 bushels. European Grain Markets. LONDON, July 3. Cargoes, firmer pend ing American advices. .Walla Walla, prompt shipment unchanged, 84s 9d. California, prompt shipment, 33s 3d. English country markets some higher, some lower; French country markets, dull. LIVERPOOL, July R. Wheat, July, 7s 2d; September, 7 d; December, 7s d. Weather, fine. Grain at Satt Francisco. SAN FRANCISCO. July 3. Wheat, steady; barley, easier. Spot quotations: Wheat Shipping. $1.60t.65; milling. $1.65 1.70. Barley Feed, $1.251.30; brewing, nom inal. Oats Red, nominal; white, $1.401.50; grays, $1.42 1.50. No call-board session. Wheat at Tacoma. TACOMA. July S. Wheat Unchanged, bluestem, 88c; club, 86c; red, 84c. . Dried Fruit at Sew York. NEW YORK. July 3. No new features developed In evaporoted apples. Fancy were quoted at 1012c: choice, 89c: prime, 67c; common to fair, 36c. Prunes are offering rather more freely and prices may be shaded for Callfornias. which range from 3 to 13c. Oregons are quoted from 5 to 7 c. At the moment apricots are neglected, but with prices holding steady; choice. 10 10c; extra choice, llc; fancy, 1213c. Peaches also are moving very slowly and quotations are inclined toward irregularity: choice, 88c; extra choice, 914c; fancy. 1010c: extra fancy, 10llc. Ralalns continue quiet but steady with loose muscatels quoted at 46c; choice to fancy seeded. 6Tc; seeded, 5 6c, and London layers,. $1.25 1.35. Metal Markets. NEW YORK, July 3. Tin advanced in both the home and London markets today, the foreign gain amounting' to 1. spot closing at 125 and futures at 128 5s. Local prices gained 25 points, closing at 27.25 27.50c London copper closed unchanged at 56 12a 6d for spot and 2s 6d lower at 55 5s for futures. The local market continued quiet and easy unchanged at 12.62 12.75c for Lake; 12.37 12.62c for electrolytic and 12.25 12.87 c for casting. Lead was firm and up to 12 8s 9d for pot in London, but was unchanged at .424.47c locally. Spelter declined 7s 6d abroad to 18 5s and wae unchanged here at 4.454.50c. Cleveland warrants were unchanged at 51s 3d In London. The New York Iron market also remained quiet and unchanged. No. 1 foundry Northern, $16.50 17; No. 2 do, $15.7316.25; No. 1 foundry Southern and No. 1 foundry Southern soft, $16.50 17.25- Hope at London. LIVERPOOL, July 3 Hops at London, Pacific Coast, steady. 1 132 Se. MoBt of Stock Subscribed. NEW YORK, July 3. The Teadjust ment committee of the Westinghouse Electric & Manufacturing: Company has announced that subscriptions to the $10. 000,000 of stock offered to refinance the company amounted at present to $9,839, 967. Of this amount George Westlngr house subscribed $1,570,000. the stockhold ers $2,214,000, the Security Investment Company $1,325,000 and the company's employes $536,660. THE UNITED STATES NATIONAL BANK Portland, UNITED STATES DEPOSITORY Capital, $500,000 Surplus and Unaided Profits, $450,000 -OFFICERS- J. C AINSWOSTH, President R- LEA BARNES, A. M. WRIGHT, Ass't Cashier We Issue Direct LETTERS OF CREDIT FOR TRAVELERS Available All Over Europe and the Orient. Drafts Sold On FOREIGN COUNTRIES Portland Construction Company OF PORTLAND, OREGON ENGINEERS AND BUILDERS' OF ELECTRIC RAILROADS, POWER GENERATING PLANTS AND CONCRETE DAMS. CAPITAL STOCK $500,000 Par Value $100.00 Per Share. $100,000 PREFERRED, $400,000 COMMON This company has contracts for the construction of 200 miles of electric railway through Gilliam, Wheeler, Wasco, Crook and Grant counties; also contracts for concrete and steel dams on the John Day and the Deschutes rivers; also for concrete work on bridges and buildings amounting to over $6,000,000. These projects are being financed by a bond issue of the Wasco County Electric & Water-Power Co. to the amount of $15,000,000, and the money se cured from the sale of this bond issue will be de voted to the payment of the above-mentioned con tracts. We Offer $100,000 of the Preferred Stock of This Company, Paying 8 Per Cent Per Annum, at $92 Per Share; Guaranteed by contract with the promoters to turn over to a trust company twice the amount of the par value of this stock in bonds of the Wasco County Electric & Water-Power Co., to be held in escrow as security for the payment of this stock at the end of 10 years. A sinking fund to retire this $100,000 of stock at the end of 10 years being a stipulation in the preferred stock, which will pay, as above men tioned, 8 per cent dividends per annum. This stock controls the entire assets of the com pany. The money secured from the sale of this pre ferred stock will be used for the purchase of equip ment and for actual construction of 40 miles of grading and contractors' skeleton railroad to haul material for construction of power dam at the John Day river, and for all other purposes incident to the carrying forward of the work involved in these con tracts. "We can recommend this stock to be a first-class investment. COOK & S 1 1 Corbett Building TRAVELERS' GUIDE. PORTLAND BUOHTrOWIB CO. CABS LEAVE. Ticket Office and Waltine-Room. First and Alder Streets FOR Oreeon City 4. 6:30 A. M and every SO minutes to and li eluding 9 P. M . then 10, 11, P. M. ; last ear 12 midnight. Gresham. Borlnic. Kaele Creek. Estc cada, Caxadero, Falrview and Trout dale 7:15, 9:15. 11:15 A. M . 1:153:45. 6:15. 7:25 P. M. FOR VANCOUVER. Ticket office and waltlnu-rom Second and Washington streets. . A M. 6:15". 6:60. 7:25, 8:00. 8:80. :10. 9:50. 10:30, 11:10. 11.50. P M. 12:30. 1:10. 1:50, 2:30. 3:10, 8:50. 4:30. 5:10. 6:50. 6:30. 7:05. 7:40. 8:15. 9:25. 10:35. 11:45"'. On Tulrd Monday in Every Month the Last Car Leaves at 7:05 P. M. Dally except Sunday. ""Daily except Monday. SAN FRANCISCO PORTLAND S. S. CO. Only Direct Steamers and Daylight Sailings. From Alnsworth Dock. Portland. 9 A. M. S. S. Rose City. July 4, 18, etc. S. gtate of California. July 11, July 35. From Lombard St.. San Francisco, 11 A. M. 8. 8. State of California, July , 18, etc S. b. Hose City. July 11, 25, etc. J. W. RANSOM, Dock Agent. Main 2f',s Atr.sworth Dock. M. f. ROCHE, Ticket Agent. 142 3d St. Phone Main 402. A 1402- North Pacific S. S. Co's. Steamihip 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. Fast Chas. R. Spencer Steamer . 1 t ... n landings, leaves foot Washington at. 7 A. M.: leaves Astoria 2 P. M. FARF., 91.00; MEALS, SOc Sunday Excursions & A. M. l.O0 ROUND TRIP. Phone Main 8619. . 'i T WEEKLY SERVICE TO LONDON PARIS HAMBURG GIBRALTAR SAFLE6 GENOA by Large. Luxurious Twin bcr.w Steamers: all modern appointments. 908 Market St.. San Francisco, and B. & Offices in Portland, Agents. Oregon R. W. SCHMEER, Cashier Vice President W. A. HOLT, Ass't Cashier TRUBY Portland, Oregon TRAVELERS' GUIDE. 4- DAYS' VACATION CRUISE Around the Sound On the Big Ocean Steamers PRESIDENT GOVERNOR CITV OF PUEBLO " Visiting Tacoma, Seattle, Everett, Ana. cortes, Bcllingham and Vancouver, B. C. ASK ABOUT IT TODAY. Pacific Coast Steamship Co. E. F. D Grandpre. P. & F. Agt Main 229 or A 2293. 249 Washington St. SCANDINAVIAN-AMERICAN LINE 10,000 Ton Twin-Screw Passenger Steamers 1 Direct to . Norway. Swedes asd Denmark SailinR From New York, at Noon. United States, July 9 Helli Olav, Aug 6 C. F. Tietsen. July 2:ij United States, Aug. 20 Ealoon $75 and up; Second cabin $57.&0. A. K. Johnson Co.. Minneapolis. KECULATOR LINE. Fast Steamer Bailey Oatzert. Round Trips to Tiie Dalles Week Days, Ex cept Friday, Leave 1 A. M. Round Trips to Cascade Locks Sunday Leave 9 A. M. DAJ.LKS CITY AND CAPITAL CITY Maintain daily service to The Dalles, except Sunday. calUnff at all way landings or freight and passengers. Leave 7 A. M. Alder-Street Dock. Phone Main 014. A Ml 2. FOR WOMEN ONLY Dr. Sanderson's Compound Sav in and Cotton Root Pills, the best and only reliable remedjr for FEMALE TROUBI.K8 AND IKREbULAlUTIEel. Cure the most obstinate cases In 8 to 10 days. Price XI per box, or 3 boxes (5. Sold by druKslsts everywhere. Address Dr. T. J. PIERCE, 181 First St, Portland. Oregon. Phone Main 190b. CHICHESTER'S PILLS W,-- THE DIAMOND BRA.VB. I L11m1 AsU ?onr 1 rlst fir k t hl-ckos-ter s JHaBtona iirnnd 4.1 Tills la Rrd and Gold mttallfcVXrJ boxes. eled with EIuc Ribbon. VJ Take other. But f m.s V DIAfllO.N1 BRAND PILX8, for Sftj yora Known u oen. sucst. At wa KeilablQ SOLO BY DRUGGISTS EVERYWHERE