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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 12, 1910)
THE MORNING- OREGOMAN, SATURDAY, MARCH XX, iiu. 19 HIDE MARKET SLOW Local Prices Show a Declin ing Tendency. TRADE ON SMALL SCALE Eastern Markets Are Depressed and Leather Business Shows No Im prorement Foreign Trade Conditions. Acuta weakness pervades the iocal hide market. & reflection, of the depression that exists throughout the trade in the East. Buyer have lately reduced their offers from one to two cents all around and business has dropped to smaller proportions. Stocks on hand are said to be large and some of the hides carried by dealers show a marked shrinkage in value. Until there Is Improve ment In the East, there can be none here and dealers do not look for anything better in prices before May. A Chioago trade authority says of con ditions in that market: Packers are free sellers of hides at the best prices obtainable on February and March ealtlng. which are the poorest of the year, and one large packer is said to have moved a. line to a large tanner, of native and branded stock to April 1, at some decline from recent quotations. Exact prices are not noted concerning this sale. Country hides are slightly steadier of late, following a sale recently of Fall cows In all weights at 12 cents, but the market tends to weak ness. Tanners are not disposed to follow any advance, and inactivity prevails In about all raw stocks. Foreign dry hides are some what steadier on common stock as some out side tanners paid slight advances over the last decline, and supplies are very small. Latest cables from the River Plate show that some shippers there are stronger on Ruenos Ayres, asking up to 22 cets. as compared with last sales at 21 cents, but it cannot be learned that business las been consummated at the higher figure. Calf skins are generally unsettled and weak, with tanners and dealers very much apart in their views concerning quotations. Most holders have considerable supplies to market. In New York City a further decline of 2 cents per pound in the price of green skins paid to butchers is noted. Chicago cities on a veal selection, together with outside cities, are being quoted down to 154 cents. Large tanners state that sole leaher is generally dull. Buyers are operating close to actual wants and taking hand-to-mouth parcels. Quite some of the holdings of sole leather are In these strong hands. Hem lock sldos and bends are in an unchanged position. Union is quiet, but such demand as exists has shifted to light weights, and cow backs bring within 1 cent per pound of the rates on steer leather. Prime tan nages of scoured oak backs have continued ' steady. Regular tanners report fair-sized sales of. Philadelphia tannages of Texas oak sides, and are offering these freely at 82 cents, tannery run. Upper leather generally Is quiet and weak. Some of the Eastern producers have lately accepted cuts of one to two cents per foot to move accumula tions of old bark tannages,1 and shoe manu facturers have taken advantage of this to buy in some of this leather at concessions. UNCHANGED CONDITIONS IN GRAIN. Trading Is Quiet and Prices Are Quoted as formerly. Quiet conditions prevailed yesterday In the local grain markets. Wheat bnyerB were not disposed to operate except at low prices, and' there were ' no sellers at concessions. Other grains were steady in price. Weekly foreign wheat shipments were re ported by the Merchants' Exchange ai follows: This wk. Ij&nt wk. Last Tr. Argentine . 3.84K.0OO 4. 040.0OO 0.132,000 Australia 1, 880,000 1.760.0OO 1,320,000 ; India aTli.000 628.000 Local receipts, in cars, were reported by the Merchants' .Exchange: Wheat Barley Flour Oats Hay Monday ir. 2 IS 8 Tuesday .... T 1 1 Wednesday .... 3 .... 5 .... 2 Thursday .. .. 4 .... 5 4 .... Friday 13 18 2 4 Year ago .... It ... . 7 2 '9 Season to date 8255 318" 3670 1262 2002 Year ago ....10.118 14511 10U9 GUI 21SS ENGLISH AGITATION FOR HOP DUTY. Growers Again Ask for a Tariff of Not Less Than 40 (Shillings. The agitation has been revived in England this year for the Imposition of a duty of not less than 40s on all imported hops. At a meeting of the Hopgrowers League in London recently the following resolution was adopted: 'That the Hon. Secretary be instructed to write to every member cf Parliament rep resenting a constituency in any way con nected with the hop industry, requesting him to do all in his power to bring about the appointment of a committee of members of Parliament to watch over the Interests of the hopgrowino- industry and to press the hop question before Parliament at- every available opportunity, especially during the forthcoming debate upon the Address." LARGER RECEIPTS OF RANCH EGGS. Freer Arrivals Cause Weakness In Some Quarters. Egg receipts yesterday were the largest of any day this week and the Increased ar rivals resulted in & weaker feeling in some quarters. While 23 cents was generally a-ked in the forenoon, the same dealers were ready to sell, before the day closed, for 22 cents. The poultry supply, as uual, was light and the market was Arm. 'Dressed meats were also scarce and firm at the prices that have prevailed this week. There was nothing new in the butter or cheese market. The local output of butter Is slowly growing and the impression pre vails that prices will soon have to decline, but no announcement has been made yet of any proposed change. CELERY l'KOM NORTHERN CALIFORNIA First Shipment of the Season Arrives and (Sells at $4. There were light receipts of fruit and vegetables yesterday, but the supply on hand was ample' for the demands of the trade. Among the arrivals were a car of oranges and a car of celery, the first to come from Northern California this season. It was quoted at $4 per crate. Spinach is beginning to come from Walla Walla and' brings J1.4O01.5O per box. As paragus was quoted cheaper, at 1THI20 cents per pound. Prices on other lines were unchanged. Bank Clearings. Bank clearings for the Kothwestern cities yesterday were as follows: T, , , , Olearlnss. Balances. Seattle 2,tii4.M;2 4.-.7 617 Tacoma NW.S.i5 61 35 fepokane . ; 722.433 70;318 PORTLAND MARKETS. Grain. Flonr. Feed. Etc WHE,ATTrack Prices: Bluestem. Jl.10'9 $1.11: club . $t.ll.t.3t4: red Russian, 11.01 ii; Vallev, 1.04; 40-fold. SI. on. BARLEY Feed and brewing, S28.B0S29 per ton. FLOUR Patents. 6.15 per barrel; straights. $5.75: export. S4.50; Valley. $5.80; graham, Jo. io; whole wheat, quarters. 5.0. CORN Whole, 35: cracked. 38 per ton. M1LLSTUFKS Bran. 24(gi26 per ton; middlings. J34; shorts. 2528; rolled bar ley. J22S33. OATS Xo. 1 white. 31fi31.SO per tvi HAY Track prices; Timothy; Wiliam ette Valley. 20lif21 per ton; Eastern Ore--..n. J22&I3; alfalfa, J17&18; California al falfa, $1617; clover. 415013; grain hay. iesi8. Vegetables and Fruits. FRESH FRUITS Apples, JL2503 box; pears. 1. 5041.75 per box; Spanish Malaga. $5,0Xa:7 per barrel; cranberries, fS&a per barral. POTATOES Carload bnylng prices: Ore gon 60ti(S per hundred; sweet potatoes, 8c per pound. VEGETABLES Artichokes. J11.S5 per dozen; asparagus. 17iS20c; cabbage, 1.752 per hundred; cauliflower. $2fo2.25 per dozen; celery. J3.00!y 4.50 per crate; egg plant, 25 cents per pound; head lettuce, 75 fit 6oc per .dozen; hothouse, lettuce, SI. 2a ff1.40 box: garlic, 12c lb.; horseradish. 810c per pound: green onions. 350400 per doz.; peas. 17$ac per pound; radishes; 25c per doz.; rhubarb, 17iS20c lb. ; spinach. S1.4tK 1.50 per box; sprouts, 9c per lb.; tomatoes, .3fa'3.50 per crate. TROPICAL FRUITS Oranges, 2S; lemons, $3 a 4.50; grapefruit. $3.504 per box; bananas. 55&c.per pound; tanger ines, $1.75 per box. ONIONS Oregon, $1.50 1.75 pet- hun dred. SACK VEGETABLES Turnips. nominal; rutabagas, $1&1.25; carrots, II; beets. $1.25; parsnips, L - Dairy and Country Bntter.' BTTTTER City creamery extras, 39c; fancy outside creamery, 35 39c per lb.; store. 2023Hc (Butter fat prices average lVsc per pound under regular butter prices.) EGGS Fresh Oregon ranch, 22g23c per dozen. CHEESE Full cream twins, 21c per pound; young Americas, 22 22 He. PORK Fancy, 13 13 He per pound. VEAL Fancy. 12S.12?4c per pound. POULTRY Hens. 1819c: broilers. 25 27c; ducks. 20c: geese. 12013c: turkeys, live. 22 25c; dressed, 2529c; squabs. $8 per dozen. Groceries. Dried Fruits, Etc. DRIED FRUIT Apples. 10c per pound; peaches,. 7c; prunes, Italians. 45c; prunes, French, 45c; currants. 10c; apri cots, 12 He;1 dates. 78c per pound; figs. 100 half pounds. $3.25 per box: 50 six-ounce, $4.75 per box; 12 12-ounce, 75c per box. SALMON Columbia River. 1-pound tails, 2 per dozen: 2-pound tails, $2.95; 1-pound flats. $2.10 H; Alaska pink. 1-pound talis. 90c; red. 1-pound tails. $1.45; sockeyes. 1 pound tails, $2. COFFEE Mocha, 24ig2Sc; Java, ordinary, 1720c; Costa Rica, fancy, 18020c; good, 1618o; ordinary, 1216o per pound. NUTS Walnuts, 15c per pound; Brazil nuts. 12M15c; filberts. 15o: almonds. 16cpl7c; pecans. 156416c; eocoanuta, 90c& $1 per dozen. BEANS Small white, 6.60c; large white, 4Vc; Lima, 6iic; pink, fi.20c; red Mexican, He SUGAR Dry granulated, fruit and berry, Jfl.25; beet, $6.05; extra C. $5.75: golden C. $5.65; yellow D, $5.56; cubes (barrels). $a.65: powdered. $6.50; Doml.no. $10.40-510.90 per case. Terms on remittances, with in 15 days deduct 4e per pound, if later than 15 days and within 30 days, deduct He per pound. Maple sugar, 15 18c per pound. SALT Granulated, $14.50 per ton; half ground, 100s, $10.50 per ton; 60s, $11 per ton. HONEY Choice, $3.253.50 per case; strained. 7c per pound. Provisions. BACON Fancy. 25-io per pound; standard, 22Hc; choice, 22c; English, 20V.21c HAMS 10 to 13 pounds, lUc; 14 to 16 pounds, lc; 13 to 20 pounds, 19c; hams, skinned. 19c; picnics, 13c; cottage rolls; 16c; boiled hams, 2527c. LARD Kettle rendered, 10s, 1814c; stand ard pure. 10a. 17c; choice, 10s, lOfec. SMOKED BEEF Beef tongues, each 60c; dried beef sets. 19c; dried beef outsides, 17c; dried beef insidea, 21c; dried beef knuckles, 20c. PICKLED GOODS Barrels: Pigs' feet. $13.50; regular tripe, $10; honeycomb tripe, $12; lunch tongues. $19.50; mess beef, ex tra, $14; mess pork, $30. DRY SALT CURED Regular short clears, dry salt, 18c; smoked, 1714c; short clear back, heavy dry salted. 16c; smoked. 17c; Oregon exports, dry salted. 16Jc; smoked, liVac Furs. FURS Mink. Northwest Canada and Alas ka, $S.60; Colorado, Wyoming. Montana, Idaho and California, $435.60; British Co lumbia and Alaska Coast, $810; Oregon. Washington, Idaho and Montana, $7; Lynx, Alaska and British Columbia. $28; Pacific Coast, $22; Raccoon, 75cs$l. Skunk, Can ada, $2.60; Pacific Coast. 75cil.o0. Wolf and coyote, Canada, $4&o; Idaho. Montana, Wyoming, 2.753.25; Oregon. Washington, Utah, Nevada, $1.60 3. Beaver, Oregon, Washington, Canada, Alaska, $5.60 up 7; Idaho, Montana, $10, Utah, Wyoming, $6.60 y 7; cubs, $2&2.60. Otter, Canada, Alaska, $12.50iB14; Oregon. Washington, Alaska. Can ada. British Columbia, $34.50; Pacific. Coast, $1.75 2.50. Gray fox. Pacific Coast, 11.75 2.50. Bear, black and brown. Alaska, Canada, S16Q20; cubs, $1215; Pacifio Coast, $10(15; cubs. a7; grizzly, perfect. $2535. Badger, $2. Muskrat, Canada, Alas ka. 40c; $12i18; Pacific Coast, $1012. Fisher, British Columbia, Alaska. $16 0 20: Pacific Coast, $9 to 15. Wolverine. $6 8. Sil ver fox. $300 500. Cross fox, $1016. Sea otter, $20046O. Blue fox. $a10. White fox. $1220. Swift fox. 40c Ermine, 40c Mountain lion, $510. Ringtail cat, 25 0 76c Civet cat, lu30c. House cat. 6a 26o, Hops, Wool, Hides, Etc HOPS 1009 crop, 1820c. according to quality; olds, nominal; 1910 contracts, 16 cents nominal. WOOL Eastern Oregon, 1620o pound; Valley. 22S24c per pound. MOHAIR Choice. 26c p?r pound CASCARA BARK 46c per pound. HIDES Dry hides, 16a 17c per pound- dry kip. 16&17C pound: dry calfskin, MilRc pound-salted- hldee. T8c; salted, calfskin, 14o pound; green, lc less. Linseed OIL LINSEED OIL Raw linseed. In barrels, 84c; in cases. S9c; boiled linseed in barrels, 86c; in cases. 91c Raw linseed In carload lots: Barrels. 81c: cases. 82c FRESH MEATS SCARCE SEATTLE POORLY SUPPLIED AND PRICES ADVANCING. No Mutton Is Available lor a. Week. Demand for Eggs Is Stimulated. SEATTLE, Wash,, March 11. (Special.) Seattle people not only will be obliged to pay more for meat of all kinds next week, but an actual meat famine exists here to day. There is not more than a carload of mutton, all told, in the city. The Union Meat Company, of Portland, notified its connections here that It will probably be unable to make any mutton deliveries for a week at least. Smoked and bolted hams will be advanced a half cent Monday, and bacon will be advanced a cent. Choice beel will go to 10 cents, mutton to 13 cents and lamb to 15 cents. There is practically no veal In town. The high price of meat is stimulating the demand for eggs and prices hold firm. But ter is also steady. Advices from Portland are that no change is contemplated there until about April 1. Potatoes are lower. Little except fancy graded stock commands above $18. Apples were still a feature, extra fancy stock commanding outside prices. A boat arrived today from California with a small amount of green produce, but not enough to have any effect on prices. QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce In the Bay City Market. 8AN FRANCISCO, March 11. The follow ing were the quotations in the market to day: Mlllstuffs Bran, $25.60 027.60; middlings $38 (fl 36. - . Vegetables Cucumbers, $1.251.50; garlic. SiSoc; green peas. 5&7c; string beans, nomi nal. 20425c. , Butter Fancy creamery, 31c; creamery sec onds, 30c: fancy dairy, 29c. Esgs Store, 19VaC; fancy, 204c Cheeee New, ltfiic; Young Americas 18H19i4c. Hay Wheat. $14(S19; wheat and oats, $11 CP 14c; alfalfa, $912; stock, 6; straw, per bale. 50 75c Hops 18Gj)2 2o per pound. Wool Spring; Humboldt and Mendoceno, 1315c; South Plains and San Joaquin. bJ 10c Fruits Apples, choice, 75c $1; common. 60'j6oc; bananas, 75c'J3; limes, $5ii5.60; lemons, choice, $1.50g2; common, $101.25; oranges, navels, $L252.50; pineapples, (20 Potatoes Oregon Burbanks. $11.20; Early Rose. $1.351.40; Salinas Burbanks, 1 35 f 1-i.O; sneets, $2.10v2.25. Poultry Roosters, old. SSjfS.SO; young. $7 ?9; broilers, small, $3.504.60; la-te, $56: fryers. $6 7; hens. $5a10; ducks, old. $5.50 6.50; young. 7s7 Receipt;. Flour. 315 quarter mrka: wheat. 2182 centals: barley. 9570 centals; corn, 25 cental; potatoes. 390 aatks; bran. 133 sacks; middlings, 80 sacks; hay, 474 tons; ldea. 210 HOGS GO TO 11.10 Portland Again the Highest Market in Country. TENDENCY STILL UPWARD I'Lne Lot of Porkers Prom Haines Brings the Top Price at tlie X TTnion Stockyards Friday. Again Portland stands at the top of the list in the matter of hog prices. The rec ord quotation was made yesterday when flLlO a hundred was paid at the Portland -Union Stockyards. There seems to be no limit to tae advance In this line of live stock. It was evident when the market opened and good hogs were offered that the pre vious top quotation of $10.50 would be eclipsed. Supplies were light and the de mand - strong and a raise in values was inevitable. The first lot offered were light hogs of common quality, but they went qnickly at $9.50. Then a bunch of 82 head of prime quality Shaniko hogs were put on sale and they brought the extraordinary price of $11 per hundred. This was not the end of It. however, for later in the day another lot of extra good hogs, averaging 200 pounds, waa voffered, and they topped the earlier sale by 10 cents, bringing $11.10 per hundred. These hogs were shipped in by W. A. Cart well, of Haines. Or. Nothing except hogs were disposed of yes terday, but some cattle came in later for today's market. Cattle, like hogs, were strong In tone with the market showing an upward tendency. Che receipts for the day were Tl cattle and 188 hogs. The shippers of stock were: U. S. Grewell. Shanlko. one car hogs: A. L. Benarts. one car oattle from Lowden. Wash., and two cars of cattle from Touchet, Wash.; W. A. Cartwell, Haines, one car hogs. The day's sales were as. follows: . Wt Price. 1 hogs, common 97 $ 9.50 82 hogs, extra good 190 11.00 89 hogs, extra good.... 2u0 11.10 Prices quoted on the various classes of stocks at the yards yesterday were as fol lows: - CATTLE Best steers, $5.756.25; fair to good steers, $5 5.50: strictly good cows. $4.504.85 ; fair to good cows, $44.50; light calves. $ri.506; heavy calves. $4&5; bulls, $3.754.25; stags, $34.60. HOGS Top, $lllLla; fair to good, $9.50 10. SHEEP Best wethers. $e6.50; fair to good wethers, $5. 00 "a-0.75; good ewes. $6: lambs. $7.75. Eastern Livestock Markets. CHICAGO. March 11. Cattle Receipts es timated at 12.000; market strong and a shade higher. Beeves, $5.25(8.40: Texas steers, $4.75 4ID.90; Western steers. $4.80(&6.6U: Blockers and feeder. $3.606.25; cows and heifers, $2.65 j0.60; calves. $7.5O'fjl0. Bogs Receipts estimated at 11.000; market CSlOc higher. Light, $10.306 '10.65; mixed, $10.3O?T10.8O; heavy, $10.4l010.8O; rough, $10.40& 10.55; good to choice heavv, $10.55 1U.80; pigs, $9.4(Ji(10.20; bulk of eales, $10.60 6 10.70. Sheep Receipts estimated at 5000; market strong. Native. . $5frS. 10; Western. $5J50fS8.10; yearlings, 7.5ff.75; lambs, native, $8E9.60: Western, $89.65. KANSAS CITY. March 11. Cattle Receipts 1000; market strong. Native steers. $0QS; cows and heifers. $3.25'87; stockers and feed ers, $4.258.25; bulls. $4.405.85; calves. $4.60 69; Western steers, $5.50&7.50; Western cows, $3.5tKg(V Hogs Receipts 3000; market steadv. Bulk of sales, $10.1bg,lo-45; heavy. $10.40lO.55; packers and butchers. $10.25&'10.50; light, $10 felO.25; pigs, $8.50'rj9.25. Sheen Receipts 3otM; market steady. Mut tons, $6.5o7.7o; lambs, fed Western wethers and yearlings, $7&8.35; fed Western ewes. $G.507.50. OMAHA, March ll. Cattle Receipts 700; market strong. Native steers, $5.257.75; cows and heifers, $466.25; Western steers, $5.7&g6.20; canners, $3-4; stockers and feed ers, $4(36.60; calves, $14j.25; bulls, stags, etc, $4g5.75. Hogs Receipts 500; market steady. Heavy, $10.3(S 10.45; mixed. J10.2ikQ10.3o; light, $10.10 f 10.25; pigs. $559.60; bulk of sales, . $10.15(3 10.30. Sheep Receipts 3000: market steady. Tear lings. $7.90(&8.73; wethers. $7.508; ewes. $7.25(5(7.75; lambs. $9.1069.50. Metal Markets. NEW YORK, March 11 The market for standard copper on the metal exchange to day 'was Bteady. with spot at 12.S7 13.12c; March, ia.00 13.12 Vic; April, 13.00 (313.05c; May, 13.05 13.07 Vic; June and July, 13.07 Va 13.10c. English markets closed easy with spot quoted at f58 ISs 9d and futures at a3 ISs 3d. Exports reported from New Yorlttoday were 726 tons, making 5898 so far this month. Total imports so far this month, 2490 tons. Including matte and ores. Local dealers quote lake copper at 13.62 Vi 13. 87c: elsctrolytlc, 13.J7H 13.62 Vic. and casting at 13.12 M 13. 45c Tin weak. Spot, 32. 12(932. 20c; March, 32.1532.22c; April. 32.22 V4 32.37 He; May, 32.30 6 32.40c, and June at 32.32 Va (jjl 32.50c. Sales of three tons were reported for June delivery at 32.27 He. London mar ket opened weak and dull, but recovered part of the loss, closing firm with spot quoted at 146 10s 6d and futures at 148 7s 6d. Lead, easy. Spot. 4.55 4.65c New York and 4. 40(u-4. 45c East St. Louis. London market unchanged at fl3 3s 9d. Spelter dull, with spot quoted at 5. 5 6.70c New York, 5.50 4 6.60c East St. Louis. London market unchanged at 23. The English iron market was unchanged at 51s tid for Cleveland warrants. The lo cal market was quiet and easy, with No. 1 foundry Northern quoted t $18.0018.50 No. 2. $17.75(918.25; No. 1 Southern and No. 1 Southern soft. $17.7518.2o WEAKNESS IS ACUTE STOCK PRICES BREAK IX THE FIXAIj HOUR. Speculative Disquiet Reflected in tue Transactions, but Supporting Measures Are Adopted. NEW YORK, March llr-A certain amount of speculative disquiet was reflected in the stock market .today and the vigorous support ing measures from time to time were not sufficient to overcome the effects. Weakness became acute tn the final hour. The amount of important financing, which remains to be done, the hardening effect al ready produced on the money market, and the douMful absorptive power of the Invest ment demand for bond Issues combine to form a situation which is not viewed with entire eatisCactirn by the financial world. The anonuncement that the St. Louis & Sun Francisco had resorted to em issue of notes, secured by deposit of a proposed bond Issue, is a development taken to indicate a growing oversupply in the money market. An outlet for the oversupply is found In the considerable blocks of the new securities which are placed with foreign subscribers and which have served to keep down rates in the foreign exchange market and to avert an out go of gold. The effect upon the money market of the increased demand for credits is seen In the higher rates for time loans and in the decreased demand for mercantile paper The money outlook probably accounts for the recurrent depression in the stock market although various oHier causes were advanced" At first. It was fear of the labor situation at Philadelphia and the unfavorable copper sta tistics which were published yesterday. Re ports of crop damage came itno view later, alhtough the grain market indicates that def inite conclusions in the amount of Winter damage to wheat remains to be formed. The rumor of J. p. Morgan's death, origi nating in London, was circulated concurrent ly with Its authoritative denial. Belated sell ing of stocks front outside sources was at tributed, nevertheless, to this rumor. The principal support of the market cen tered in L'nlted States SteeL Southern Pa cific was the main point of strength in the railroad list. This did not prevent weakness in Union Pacific. Amalgamated Copper suf fered from the bad condiiton of the metal trade. Bonds were irregular. Total eales, par value $2,100,000. United States 2s registered advanced per cent on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. All Is Chalmers pf. 4O0 46 45 45 Amal Copper 55,200 81 78 784 Am Agricultural 40O 464 4.V4 4.M Jm jBeet augur ., l.tnjo 40 3ftl 39 Am Can Df 500 7S'4 77 1 77 Am Car & Foun. Am Cotton Oil .. Am Hd & Lt pf.. Am Ice Securi ... Am Linseed Oil.. Am Locomotive Am Smelt & lief. . do preferred Am Sugar Ref .. Am Tel & Tel .... Am Tobacco pf .. Am Woolen 7.5U0 66 64:S 2.900 69 67 'i 2.5UO 41 V 39't, 50O 26?s 25 64 !-4 67 'i, 39 25 Vi 15 51 4 1.700 54 51 V4 37.3O0 87 5i 400 103 1.100 125Ti 2.800 141 l-j 1,K 99 IOO 38 6.50O 50U !o8i I08 14.1 wTs 38 98 37 H Anaconda Mln Co 49 Atcntson . 11,300 117- . ll-Vi lli(. do preferred .1W Jl'-J l'M'Ji J'Ws Atl Coast Line .. Bait & Ohio ... do preferred 1.000 1331, 132 131 2.100 113V 11214 112H 91S Bethlehem Steel Brook Rap Tran . 6,700 ao 76V4 179 42 lotlVi 3oo 83 68 Vi 81 V 7n 75 179:t ( ansaiai Paclno Central Leather do preferred Central of X J... Ches A Ohio Chioago A Alton .. Chicago Gt West. tHH 179 Vs 3,200 43 100 10714 107 H 8,loO 8B 84 T4 IOO 69 59 80 31 3o l.SOO 158V4 15H 9.500 147 145 7,700 91 851s 90O 42 40 Va "SOO 148" 14i4 300 18 18 "Y.606 "42 4i ""ioo "si" "3314 3,400 3 2 31 Vs 1.700 61 61 4i 0 40 39 60 156 155VS 6.800 139 137 .1.300 70V4 6 "i.ioo '22'ii, "22" 300 57 Vi M 20O 92 Vi 9214 30 21 21 1K 13 Vi l.'tii 200 48 47V4 C, M & St Paul.. C, C. C SI L... Colo Fuel & Iron Colo & Stouthem... do 1st preferred. do 2d preferred. Consolidated Gas. . Corn Products ... Del & Hudson .... D A R Grande ... do preferred . . . lustlllers" Beeuri.. 89 V4 40 Vi 63 81 60 . 146 18V 176 41 3314 31 60 SH 155 137 69 1421,4 22V4 6rt 92 V4 21 13 47V4 24 3SV4 68 152Vi 42 143 70 43 V, 71Vi 110 do 1st preferred. do 2d preferred. General Electric .. Ot Northern pf . . . Interboroug-h, Met. . do preferred- ... Inter Harvester . . Inter-Marine pf. .. Int Paper Int Pump ........ K C Southern ... 1,3(V) 38- do preferred . . . 20O 69- Louisville & Nash 2,7oo 154 Minn & St Louis. 200 43 M, St P & B S M Missouri Pacifio .. l.SOO 71 Mo. Kan Texas 1.600 44 do preferred National Biscuit .. 1,300 111 National Lead ... 700 854 38 V4 9 152J 70 43 111 83 83 64 Vi jwex tiy 1st pc N Y Central 16.200 126'8 125V4 125V4 N Y, Out & West 1.700 45 45 Vs Norfolk & Vest 3.100 lo.TLj lll2Vi 112 North American .. 500 914 79 Northern Pacific 6.100 138 136 Vs 136 Pacific Mail 800 8314 82 32 i-ennsyivania ..... People's Gas . . M P. C C & St L. .. Preawed Steel Car. 21.100 i:i7 l.'16-i 1364. 200 114 novi 11014 800 102 101 100 1,000 45V4 44 4434 Pullman Pal Car. Ry Steel Soring.. 800 196 4514 45 44 Reading 104,400 169 Republic Steel ... 5o0 40 do preferred ... 400 10314 Rock Island Co.. 17,600 50 do preferred ... 1.3O0 90V4 ft L & S F 2 pf. l,600a 57V4 St L Southwestern 500 29 Vi do preferred . . . 2f 74 Sloss-Sheffield 1O0 81 Southern Pacifio .. 48.80O 131 Southern Railway. 2,000 29 167 34 168 103 48 89 66 28 73 102 49 9014 55 2M 73V4 8ft 81 1284 I2914 do preferred . . . Ten n Copper Texas & Pacific. Tol. St L West 9o0 68 68 34 30V4 46 8 Vi 66 2n0 700 34 81 46 68 3314 30 Vi 45 68 189 89 76 44 V4 800 600 do preferred . - Union Pacific .101.300 191 Vi 188 do preferred TJ S Realty . IT S Rubber , U S Steel do preferred TTtah Copper 100 00 y hiv 100 . 1,900 77 77 45 89 44 Vi .221.900 87(1-4 1,700 122 121 121 4,oo tiV8 oova ooa Va-Caro Chemical. 6.400 68 22 "4 49 51 73 76 67V4 22 48 61 72 75 57 22 48 51 72 75 5 64 21 " 118 102 Wabash do preferred Western Md 400 4.100 1.4410 Westlnghouse Eleo l.tioO Western Union ... 600 Wheel & L Brie Wisconsin Central. Pittsburg Coal .... Am Steel Fdy . . United Dry Goods Laclede Gas 3oO 1.000 4O0 55 54 22 21 6oV4 60V4 10O 118 118 1.200 103 102 Total eales for the day, 853.800 shares. BONDS. NEW TORK. March 11. Closing quota tions: TJ. S. ref. 2s reg.l00lN. Y. C. gn 3 Vis 90 do coupon ...100. No. Pacifio 8s... 73 U. S. 3s reg 102No. Pacific 4s. ..101 do coupon 102jCnion Pacific 4S.101U. U. S. new 4s reg.114 Wis. Central 4S.94V4B do coupon ... 114 14 i Japanese 4s .... 91 L. & R. 43. 4s..97KB Money. Exchange. Etc. NEW YORK. March 11. Prime mercantile paper. 4 to 5 per cent. Sterling exchange steady at decline, with actual business in bankers' bills at $4. 84256 4.8135 for uo-dtiy bills, and at $4.8675 for de mand. Commercial bills $4.834.84. Bar silver 51 c. Mexican dollars 44c. Government bonds firm, railroads irregular. Money on call, 2&3 per cent; ruling rate and closing bid, 2; offered at 3. Time loans very strong; 60 days. 3 per cent, and 90 days, 3 : six months. 4. LONDON, March 11. Bar silver, 28d per ounce. Money. 11 per cent. The rate of discount In the open market for short bills is 2 per cent; for three months' bills, 2 per cent. Consols for money, 81 7-16; do. for account, 81 9-16. SAN FRANCISCO. March 11. Sterling on London. BO days. $4.84 Vj; sight, $4.87. Silver bars, 51 c. Mexican dollars, 44c. Drafts Sight, 8c: telegraph, 7c. ' 1 iU 1 y Treasury Statement. WASHINGTON. March 11. The condition of the Treasury at the beginning of business today was as follows: Trust funds Gold coin $854,985.8119 Sliver dollars 487,674. OoO Silver dollars of 1890 ;:.822.ooo 6ilver certificates outstanding... 487,674,000 General fund ' Standard silver dollars in gen eral fund 4.059,282 Current liabilities 100,082,284 Working balance In Treasury of fices 20,234. 0S7 In banks to credit of Treasurer of the .United States 36,527,729 Subsidiary silver coin 21.261,642 Minor coin 1,131. S79 Total balance in general fund... 81,397,965 Eastern Mining Stocks. BOSTON, March 11. CTloslng quotations: Allouez 55AMohawk 63 Amalg. Copper.. 7S Nev. Con. ex-div. 23 Niplssing Mines. 10 A. Ya, l. & am.. Arizona Com.... 35 B O C & C rts.. 19 B Q C -C & S M. 16 Butte Coalition. 25 Cal. & Arizona. 74 Cal. & Hecla 6MOA Centennial . . .. 22 -op. Ran. C. Co. 76 E. Butte Cp. M. 10 Franklin 20 Glroux Con 9 Oranby Con. ... 87 Greene Cananea. 10 I. Royale (cop.) 21V4 :Norin .rsutte .... 4 1 North Lake .... 22 Old Dominion... 44 Osceola 155A Parrott (3 ft C) 20 Quincy . ....... 89 Shannon ....... 15 Superior 56 Sup & Bos Mln.. 13 Sun & Pitts Cop. 13.4 Tamarack 68 U. S. Coal & Oil 38 U.JJ. S. R. & M. 47 dT pfd 57 Utah Con 3:1 Winona . ....... 10 Wolverine . .....144 Lake Copper. ... 77 Kerr Lake -. 84 La Salle Copper 16 V Miami Copper... 23 WOOL DULL BUT PRICES ABE STEADY. Improvement in the Dry Goods Market Ex pected Soon. BOSTON, March 11. The Commercial bul letin will say of the fool market Saturday: The market is still dull, but prices on the best wools are being maintained steadily. Woolen- mills continue to take moderate quantities of suitable offerings, while wor sted manufactures are not m evidence at all. Fine clothing territory can be ob tained now at 60c, white average lots can be bought at 5 to 66c. An Insignificant quantity of California and Texas Is eelling at unchanged values. Merinos and Austra lian 80s are being sampled at 87 to J88c scoured, but cross-breds are about dull. No one can predict when business in the drygoods market will improve sufficiently to stimulate the wool market, although it is claimed generally that the time, Is not dis tant, - Dairy. Produce In the Eawt. CHICAGO, March 11. Butter Steady Creameries. 26ffl31c: dairies. 2lli25c. i-'-KK-V Receipts, 4215 cases. Easy at mark, rases Included, 21c; firsts. 23c; prime firsts 24c Cheese Weak. Daisies. J6(frl6c; Twins 16Vigl6c: Young Americas. iS16c' Long Horns. 16iaiCc. - VPW "VOtjtt 1 ( 1 . . . ..... ...a.v... ..1. ounrr Bnu cneess Firm, unchanged. unsettled, western firsts. 2&fi27c; recoil us. 25 c. BUY ROLLING STOCK Railroads in the Market for Equipment. STEEL TRADE IMPROVES Business In All Lines Well Above Last Year Bright Outlook for the New Season Ac tivity in Hides, NEW TORK. March 1L R. O. Dun & Co.'s weekly review of trade tomorrow will say: Nearly every report from the large trade centers records transactions well above last year and a bright outlook for the new sea son. Financial conditions are also much stronger and altogether a better sentiment prevails. This improvement, however, is in spite of considerable uneasiness on account of the strike in Philadelphia. The re-appearances of the railroads as ac tive purchasers of rolling stock and other needed equipment Is the important develop ment in iron and steel, while evidences that construction work will be pushed with vigor gives the situation, as. a whole, a decidedly Improved aspect. In lines other than cotton, goods, jobbers are doing a fair trade, but re-ordering in the primary markets is of a conservative char acter. Trade in boots and shoes is slightly better, but the question of value continues to limit new business as buyers and sellers do not agree on terms when negotiations for large sized quantities are involved. A marked increase in activity is noted In the packer hide market, but holders, in order to interest tanners, are compelled to name lower prices than have ruled since the decline that followed the panto of 1907. PACUTO COAST TRADtB IS GOOD. High Prices of Manufactured Goods Check Expansion in the East. . NEW TORK, March 11. Bradst reefs to morrow will say: Trade reports continue to display a certain degree of irregularity, a tendency particularly noticeable in the East, parts of the nearby touth, and In scattered sections of the West. Yet. on balance, trading with a majority of points is probably better than it was last week, the South as a whole reporting im provement, the Northwest showing up in good shape, the Far West good, with the Southwest satisfactory. though house sales there are lighter, while the West, except Ohio and parts of Iowa, reports progress. 4 High prices of manufactured goods -and un certainty as to their performance are the principal barriers against expansion in trade, but as the situation stands manufacturers find it difficult to reduce prices on a targe scale because raw materials are so high and because present profits are not normally re munerative. Retail trade has improved at a few points, but on the whole the week's developments have not been especially satisfactory. Collec tions are slow. Business failures for the week ending with March 10 were 250 against 184 last week, 254 in the like week of 1909, 278 in 1908, 186 in 1907. and 187 in 1906. Wheat, Including Hour, exports from the United States and Canada for the week end ing March 10, aggregated 1.679,453 bushels, against 1,845.807 last week, and $2. 280,847 this week last year. For the 36 weeks ending March 10v exports are 110,605,713 bushels, against 140,201,134 in the correspond ing period last year. Corn exports for the week are. 1,022.896 bushels, against 733.466 last week and 980,848 In I90H. FOr the 36 weeks ending March 10 corn exports are 19,663,583 bushels, against 21,762,600 last year. Bradatreet'g Bank Clearings. NEW YORK, March 11. Bradstreet's Bank Clearings Report for the week ending March 10 shows an aggregate of $3,287,689,000. as against $3,485,416,000 last week and $2,655, 234.0OO In the corresponding week last year. , Inc. New York $ 1,968,082,000 26.5 Chicago 32O.874.0OO 19.5 Boston 160,686,000 10.1 Philadelphia 139.567.ooo 23.6 St. Louis 77.37,0OO 18.4 Kansas City 60,328.000 22.2 Pittsburg 43,463,000 22.8 San Francisco 40.O76.O0O 34.5 Baltimore 31',o70.0o0 28,3 Cincinnati 24,r9,000 lnS.l Minneapolis 21.118.ooo 25.1 New Orleans . 21.314.000 31.2 Cleveland 16.S5.000 10.6 Detroit - - . 15,309,000 16.7 Omaha - 23.387.OoO 38.0 Los Angeles , 1 7.457, OOO 39.9 Louisville 14.019,000 11.7 Milwaukee 13.181. OoO 10.3 Portland, Or..... .. 9.561, OoO 19.3 Seattle 11,273,000 9.2 St. Paul 12,706,000 13.7 Buffalo 8,700,000 20 2 Denver 9.570.0OO 3.6 Indiaj-.apolls 9.225.000 24 O Atlanta lo.877.Ooo 12S.5 Providence 7.597.000 4 8 Memphis 7.11O.0OO 36 4 Richmond . 8.I67.0OO 35 S Washington, D. C 7,627,000 13.1 St. Joseph 10.445,000 19 0 Columbus 6,532,000 19 2 Albany .-. 5.220.000 .2 Tacoma . ,25o,ooo 26.9 Savannah 3.928.00O 32 Spokane. Wash. . 4,471. 000 33 0 Oakland. Cal. 3.512.0O0 83.6 Decrease. PORTLAND, SEATTLE, SPOKANE, TACOMA. Downing-Hopkins Co. BROKERS Established 1883. Stocks, Private Orain. Wires; 201-2-3-41 Conclt Bids. TRAVELERS' GUIDE. Canadian Pacific ' Less Than Four Days at Sea Weekly Sailing Between Montreal, Quebec and Liverpool. Two days on the beautiful St. Lawrence iiver ana the shortest ocean route to Eu rope. Nothing better on the Atlantie than our Empresses. Wireless on all steamers. 1'irst-cloess 00, second $51.25. one class cabin 947.60. Ask any ticket agent, or write for sail ings, rates and booklet. F. K. Johnson. Oen crai Agent, 142 l'bird St.. Portland. Or. NEW ZEALAND ""w Service via Tahiti. ..,r.trvi Delightful South sea Touri AUSTRAIIA ror Re" Health and .v i , Pleasure. New Zealand, the World's Wonderland. Geysers, Hot Lakes, etc The favorite S. S. Mariposa sails from San Francisco March 10, April 15. etc., connecting at Tahiti with talon Line for Wellington, N. Z. The only pasKenger line from U. S. to New Zealand. Wellington and back. $260: Tahiti and back. $125. 1st class. SOUTH SJEA ISLANDS ali of tbein). three months' tour, $400. Book now for sailings of Dec. 28 and Feb. 3. Line to Hawaii, $110 round trip. Sailings every 21 days OCEANIC S. to. CO.. 673 Market street, San Francisco. CCANDINAYIAN-AMERICAN LINE IktJP 10,000 Ton Twin-Screw Passenger Steamers xLrect ta Norway, Sweden and Denmark Oscar II ... .Mar. 17 I C. F. Ttetgen Mar. 24 United States. Mar. 31 Hfllllv Olav ln.l 1 , Oscar II April 28 - -vt 1 1 - .n.v.- r . 1 letgen. May o ' Dminori equipped W.I II WireleMS First cabin, $75 upward: second. $60. A. E. JOHNSON & CO.. 1 Broadway. New York, or Local Agents. COOS BAY LINE The steamer RAMONA leaves Portland every Wednesday, 8 P. M., from Alnsworth dock for North Bend, Marshfleld and Coos Bay points. Freight received until 6 P. M on day of sailing. Passenger fare, first class. $10: second-class. $7, lncludlUK berth and meals. Inquire city ticket office. Third and Washington streets, or Alnsworth dock. Phone Main 26S. Lumber mens National Ban CORNER FIFTH Capital g. k. went worth . john a. keating . geo l. Mcpherson . h. d. story- .... f. a. freeman . . . graham d ike hart DIRECTORS G. K. Weut worth ' Ctaas. S. Russell George G. Bingham Lloyd J. Wentworth Joan A. KeatliuE Robert THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital . . . $1,000,000.00 Surplus and Profits $725,000.00 OFFICERS J. C. AINSWORTH. President. R. W. SCHMEER, CasMer. R. LEA BARNES. Vice-President. A. M. WRIGHT, Assistant CasMer. W. A. HOLT. Assistant Caslder. LETTERS OF CREDIT AND TRAVELERS CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS Drawn ON ALL FOREIGN COUNTRIES Money-Making Oil California oil has become such a wonderful money-maker that It now ranks first among the wealth producers of our State: far ahead of mining, agricultural or mer cantile pursuits, California oil companies listed upon tho Los Angeles Stock Rxooanga and San Francisco exchange paying nearly Il.o00.000 Pr month in dividends. You must realize the truth of all this, for this information Is constantly repeated tn the daily papers, so why not join tlw ranks of the fortunate stockholders who ere re ceiving these profits? You can do so now by purchasing stock In the Coalings Crude Oil Company, now listed upon the Los Angeles Stock Bxchange. and being traded in quite freely at prices around 30c per share. These prices are exceedingly low and we predict a steady advance to 40c to EOc per share. The company owns one of the choicest pieces of absolutely proven territory in the entire CoaJinga Held. The Co alinga Crude is an exceedingly clean-cut organization, with a small capitalisation and no promotion stock; owns its land, which it Is actively developing. Investment in this stock Is In no sense a speculation, but a wise, conservative investment, with BvarJL.posslD,my ot raDid increase in value and early large dlvld-ends The Illustrated oil magazine. "Securities." tells all about this in its latest issue Send us this coupon and it will ba mailed you free for six months. COCPOX. Pacifio fitates Guaranty & Land Co., 501 First National Bank Bldg.. ftan Francisco O-antlemen Please send me, free of cost, information regarding stock referred to above, also free copies of oil magazine, "Securities," for six months all this without any obligation whatever on my part. ihwul Name ...... Street and No. ......................... city. .................. ..... . Combines the inherent stability of the mineral aggregate with the cementing qualities of the bituminous cement, and produces a smooth, dustless, waterproof pavement, mating ideal streets that beautify the city and enhance the value of property. BITULITHIC has more intrinsic value than any other hard-surface pavement. AMERICAN BANK & TRUST COMPANY SAMUEL CONN ELL, President G. L. MacGIBBON, Cashier CAPITAL, $150,000 Does a greneral banking business. Opens checking accounts without limitation as to amount. Pays interest on time and savings deposits. CORNER SIXTH AND OAK, 309 East Washington, 277 Telphones B2742 TRAVELERS" GCTDK. SAN FRANCISCO PORTLAND S. S. CO. Only direct steamers and daylight sailings From Alnsworth dock, Portland, 4 P. M. S.S Rom City, Mar. 1L. 85. S.H Kansas City. Mar. 18. J r"m Pler 40. Kan Francisco. 11 A. M. S.S Kansas City. Mar. 12 26 S.S. Rose City. Mar. 19, Apr. a. It. J. ROCHE. C. T. A.. 142 Third St. Main 402. A 1402. X W. RANSOM. Dock Agent. Alnsworth Dock. Main 26S. A 1234. mm AND STARK STS. $250,000 OFFICERS! . . President Vice-President Vice-President . Aaalatant Cashier Assistant Cashier P. S. Brumby Dr. It. A. J. Mackenzie J. E. Wheeler George L. BIcPherson 11. D. Story Treat Piatt ULITHIC PORTLAND, (OREGO.V, Corner Water and First Sts. t Write or Phone for Information TRAVELER GUIDE. NORTH PACIFIC STEAMSHIP COMTANT. s. S. Santa Clara sails for Eureka and &an Francisco Maroh 12-26. at 4 P. M. S. s. Eider sails for Eureka, ban Francisco and Los Angeles. March, 1. 15. 29. at 8 P. M. c- c . i , . . " "ancisco ana los Angeles. March 8. 2a. at 8 p M. Ticket office 132 3d at. Phones Main 131-4, A 1S14, H Xoujiss. A&ent, filly