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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 19, 1910)
THE MORNING OREGONIAN, SATURDAY, MAItCIJ 10, 1910. 19 WHAT STORAGE DOES Produce Prices Kept Near a Uniform Level. ARGUMENT FOR COOLERS Chicago Butter and Kffg Board Says the Institution Is a Blessing to Both the Consumer and the Producer. So much has been said for and against toM storage products lately that the Chl rairo Butter and Eff? Board has issued a pamphlet on the subject, which contain rm Information of general Interest. From the pamphlet the followlna; statements are taken: In these days of agitation against high prices of food products, the cold storage warehouses are often blamed for existing; conditions, but that they are really a bless ing instead of a curse to the consumer, la vmrv anmtront when one lfc mde ac quainted with the actual facts In the case. Cold storage warehouses are specially constructed buildings with up-to-date fa cilities for carrying perishable products. In the aftirreirate. they represent an outlay of many millions of dollars and they are really concerns of public utility, or com mon carriers, as but very few of them buy or own the coods stored. The rates of storage are uniform to all. No distinction whatever is made and anyone who wishes to do so. has the privilege to buy and store during the season of plenty that he may sell or consume In the time of scarcity. Everyone, therefore. Is Riven an opportunity tn deal In perishable products and a trust under these conditions becomes impossible. Cold storage houses have become a ver itable necessity to mankind, as they absorb large quantities of the finest perishable products in the season of plenty, when pro duction is heaviest, to take care of the ' consuming- demand in the time of light or no production, thereby maintaining to the producer a fair price for his output dur ing the flush, and preserving; to the average consumer many of the necessities of the table at a season when the fresh article would be absolutely beyond the reach of his purse. If indeed at all obtainable. - According to late Government statistics, the annual crop of eggs Is almost 60.000, 000 cases, of which less than 8 per cent 1 stored and the balance, over 92 per cent, roes direct to the consumer. In the City of Chicago, in 1909, there were stored ap proximately l.OOO. 000 cases of eggs, and a careful canvass of the leading houses showed that these eggs were owned by 019 persons or firms. This fact alone should be convinc ing as an argument, that no cold storage trint could or did exist. The highest wholesale price at which storage eggs sold In round lots was 23 4 cents, and that only for a short time during the severe cold weather, the latter part of . December and fore part of January- The average wholesale soiling price for the en tire holdings was not over 21 h cent. Only 10 per cent of the eggs stored made a profit for the holders, while 80 per cent showed a loss acd the rest broke about even. In the days before cold storage houses were In existence, the price o( eggs in the flush of the season often was as low to the farmer or producer as 5 cents to 0 cents per dozen, while in the Winter months 60 cents to 60 cents per dozen wholesale was not at all unusual. Under the same conditions today, the farmer, with his high-priced land and gen eral prosperity, would not bother td raise poultry, unless assured a fair price in the season of plenty. Of all. the butter produced in the coun try, not over 6 per cent is put away into storage, while 94 per cent goes Into im mediate use. Such a small proportion of the crop (as with eggs), could not control the market on the balance, that is evident. The top price for storage butter this season was 32 Mi cents per pound, while finest fresh butter, during the period of storms and unusually cold weather, did not go above 36 cents, yet we find, in 3882, be fore modem cold storage was known, that the price of butter at Elgin for the week of February 20. was 4S50 cents, and that the average price for the month was 45 cents. Getting down to the fresh meat problem, we find that over 97 per cent of the product Is for prompt use and that less than 8 per cent is placed in storage. While as to poultry, it Is difficult to arrive at actual figures, yet the best-posted men put the holdings on about the same basis as meats. It is certain that fair prices must be maintained in the season of greatest pro duction or else there would be no Induce ment for the producer to continue in thp business, and It is equally certain that un less we had some extra stocks to draw upon In the time of lightest production the aver age consumer would have to go without many table necessaries; therefore, the cold storage house Is an absolute necessity, stands as the leveler of prices the year through and makes for a fair deal to both producer and consumer. TRAIK tS ALL. GRAINS IS QVTET Stay Market Is Very Flrutv (Supplies Going to Eastern Oregon. The local wheat market was very dull yesterday and inclined to be weak. Former prices were quoted. Oats and barley were also slow. The hay market shows a very firm tone all around. Eastern Oregon timothy Is now Quoted at $2321 and alfalfa at $17. SO 1S.50, while grain hay is selling at $1719. Heavy shipments of California hay are still being made to this city and a good portion of it Is being sent on to points east of the Cascades. The weekly foreign shipments of wheat were reported by the Merchants Exchange as follows: This week. Last week. Last year. Argentina 1.3r.2.0oo 3.R4S.0OO R,224,oiv Australia 2.320.Om l.SSO.OOrt 2,600.000 India 224. 000 37G.0M Local receipts. In cars, as "reported by the Merchants' Exchange were: Wheat Barley Flour Oats Hay Monday 2.1 2 7 4 8 Tuesday 8 2 16 7 14 Wednesday 32 6 - 7 1 2 Thursday 17 1 3 6 7 Friday is v. . 4 4 i;i Year ago n 7 2 2 a Season to date.S372 llOO 1714 32S4 21 40 Year 450 10178 1472 1127 699 2243 AIM. COl'XTTtY PKOTHrCE SELLS WELL Prices) of Eggs. Poultry and Ireed Meats Maintained Butter Active. There was no apparent change in the egg situation yesterday. One or two dealers called the market weak, but others quoted it ail the way from steady to strong. The demand, both on local and shipping account, was good. The general quotation on the street was 23 cents, with the usual varia tion from this figure according to the mood of the seller. Poultry was scarce and sold at the usual high prices. There was a fair supply of dressed veal and pork available. The demand was not as keen as recently, but prices were well maintained. Butter moved out freely at the new price. Eastern butter Is being offered to the Job bing trade. BUSINESS rXDEB WAT IX HOPS. Some Trading for Both Export and Do mestie Account. A small amount of bujlnea Is passing In the hop market, buy em operating on both domes tic and export account. Among the late pur chases were the Joe Converse lot of 104 bales and the George 'Miller lot of 50 bales, at Reed vllle. both taken by IT. L Hart at 17 cents. J- I. Bents Is continuing hts shipment to London. .Hreha Bros, have shipped a large block of 1908s to the London market. The Wale lot of 93 bales, at Chethall. has been sold, but the price was -not learned. The Orton Bros. lot of 118 bales, at Sumner, has been consigned .to London on a IS-cent ad vance. Vegetables In Good Demand. Tbere was a good cleanup In most lines of vegetables yesterday' Asparagus was quoted Arm atf 12'jl5 cents a pound and rhubarb was higher at $3.50(g4 per box. Peas were the only weak feature in green truck, selling any where, from 6 to 10 cents a pound and slow at that. There is so improvement in the potato mar ket and not likely to be any. soon. Onions continue firm. Oranges and bona nas are in good demand, but apples do not move briskly. Mohair Growers Meet Today. The Polk County Mohair Growers JLasocla- Uon will hold a meeting et Dallas today to fix a date for the sale of the big Polk County mohair pool. Bank Clearings. Bank Clearings' for the Northwestern pities yesterday were as follows: Clearings. Balances. Portland ;.f l.ttltf.tiT.H $197.e59 meatus 2. Taooma 76.77rt 377,288 43.453 Spokane (.537 PORTLAND MARKETS. Grain. Flour. Feed. Etc WHEAT Track prices: Bluesteam, $1.08 (S1.10; club. 11.02; red Russian, 1; Valley, $1.03. FLOUR Patents, $5.75 per barrel; etraiglKS, $5.60; export. 4.30; Valley, 5.60; graham, $:v.Jk: whole wheat, quarters, $5.70. BARLEY Feed and brewing, $28&'28.50 per ton. CORN" Whole, $34; cracked, $35 per ton. HAY Track prices; Timothy; Willam ette Valley, $20 21 per ton; Eastern Ore gon $23&24; alfalfa, f 17.BO&18.&0; grain hay, $171W. M1LLSTUFF6 Bran. $2425 per ton: mid dlings, $33.50; jshorts, $25'&2t; rolled barley, $3V.59031.5O. OATS No. 1 white, $31 per ton. Vegetables and Fruits. FRESH FRUITS Apples, $1.25 3 box; pears, $1.50 1.75 per box; Spanish Malaga, $5, 50&7 per barrel ; cranberries, $StQ 9 dot barrel. POTATOES Carload buying prices ; Ore gon 50 60c per hundred; sweet potatoes, 8c per pound. VEGETABLES Artichokes. $11.35 per dozen; asparagus. IHISc; cabbage, $1.75 per hundred; cauliflower, $2 per dozen; celery, $4 per crate ; egg-plant, 23 cents per pound ; head lettuce, 75 &' S5c per dozon; hothouse, lettuce, $1.25 &)1 40 box; garlic, 12c lb.; horseradish, 6 10c per pound; green onions, 35 la; 40c por dox. ; peas, tiv&lOc poind ; radl sheer, 25c per doz. ; rhubarb. $3.50'i-4 per box: spinach, 50 4f75c per box; sprouts, 9c per lb.; tomatoes, Mexican. $3 per crate. TROPICAL FRUITS Oranges. $2&3; lemons, $2 4 ; grapefruit. $2.75 & 6 per box; bananas, 65c per pound; tanger ines. $1.75 per box. ONION S Oregon. $1.50 1.75 per hun dred. SACK VEGETABLES- Turnips, nominal; rutabagas, $1&1. 25; carrots, $1; beets, $ 1. 25 ; parsni pa, $ L Dairy and Country Butter. BUTTER City creamery, extras, 36c: fancy outside creamery. 343(icB per lb.; store. 20c. (Butter fat prices average lV4c per pound under regular butter prices.) KGG- Freah Oregon ranch, 22a'23c per dozen. CHEESE Full cream twins, 21c per pound ; young Americas, 22 22 He. PORK Fancy, 13rtjl3c per pound. VEAL Fancy. 12Q'13c per pound. POULTRY Hens, 19 l 19 tec ; broilers, 25 27c; ducks. 1Si3120c; geese. 12i?13c; turkevs. live. 22 25c; dressed. 25 29c; squabs. $8 per dozen. BETTER FEELING IX WOOL MARKET. Business at Boston Larger Than for Past - Two Month). BOSTON", March 18. The Commercial Bulletin will say of the wool market: With Increased buying of wools suitable for carded woolens, there Is a better feel ing In the market, and some leading houses report a. larger business than has been recorded for two months. The larg wor sted mills, however, are still inactive. Staple territory Is reduced to 70 to 72c. Ohio wash delaine is offering at 37c and other fleeces are similarly reduced in value. Australian clothing, 70s to 80s. are still be ing sampled, while cross-breds, 50s to 56s, are moving in a limited way. East India and China wools are selling steadily at a range of 35 to 40c, according to quality. The shipments of wools In Boston to March 17 Inclusive were 46.014,772 pounds against 53.919,593 pounds for the same time last year. The receipts to March 17 inclusive were 57.675.981 pounds against 69, 250,006 pounds for the same period last year. Wool at St. Louis. ST. LOUIS, March 18. Wool Unchanged. Territory and Western mediums, 23&2Gc; fine mediums. 18ff22c; fine. 1 13 5c. Metal Markets. NEW YORK. March IS. The market for standard copper closed steady with spot, March and April quoted at 12.95 Q 13.20c ; May, 13 & 18.20, and June at 13 fr l:i.3r on the New York Metal Exchange. The Eng lish market vas steady with spot quoted at 58 17s 6d and futures at f GO. luteal dealers quote lake copper at 13.37"1 13.62 c; electrolytic, 13.12 13-37 He; casting, 13 gf 13.25c. Imports at Atlantic ports by steamers since March 1 have been 3965 tons copper, 1 85 tons matte and 410 tons ores. Exports since March 1, 8718 tons. Tin closed firm with spot quoted at 31.15 & 32.10c; March, 81 & 32.10c ; April, 31.95 32.15c, and May, 31.95 $? 32, 25c. The London market was firm and higher, with spot quoted at 145 7s 6d and futures 147 lOs. Lead was easy with, spot quoted at 4.45 4.55c New York and 4.20r?4.324c East St. Louts. The London market was lower at 13. . Spelter closed easy at 5.605.73c for spot New York and at 5.40$?5.50 East St. Louis. The London- market was unchanged at 23. The English iron market was higher with Cleveland warrants quoted at 5s 10 d. Lo cally no change was reported. No. 1 foun dry Northern. tlSlS.SO; No. 2 foundry Northern and No. 1 foundry Southern and No. 1 foundry Southern soft, $17.75 18.25. Coffee and Sugar. NEW YORK, .March 38. Coffee closed dull net 2 points higher to 5 points lower. Sales. 8250 bags. Closing bids follow; March, 6.80c; April. 6.8."c; May, 5 00c; June, 7.00c ; July, August, September. Oc tober and November, 7.10c: December, 7.15c; January, 7.16c and February, 7 17c" Spot coffee quiet; Rio, No. 7. 8 11-16 8ic: No. 4 santos. 94 c Mild coffee quiet' Cordova, 9 4 124c. - Sugar Raw, steady Muscovado. .89 tost 3.86c; centrifugal, .96 test. 4.36c; molasses sugar. .89 test, 3.Glc. Refined. Bteady crushed, 5.95c; granulated, 5.25c; powdered 5.35c. ' Dried Fruit at New York. NEW YORK. March IS. Evaporated ap ples firm; spot fancy. 10tfrllC; choice, BHc; prime, 67Hc; common to fair G&AHc. Prunes steady; Callfornias up to 30 -40s. 2r4c; Oregons. 67c. Apricots steady; choice, 10nC; extra choice; 113&812c; fancy, I2l3c. Peaches about steady; choice. GOBc extra choice. 074c; fancy, 74474c. Raisins quiet. Loose muscatels, 3 5c choice to fancy seeded, 56-c seedless' 3 Vi &c; London layers, $1.15 1.25. New York Cotton Market. NEW YORK. March 18. Cotton Spot closed steady. ,5 points higher. Mid-uplands 15.20c; mid-gulf, 15.45c. Sales, 5455 bales. Cotton futures closed steady, 316 points higher. March. 15.07c; April, 15.03c; May 15.01c; June, 14.78c; July, 14.76c; August 14.26c; September. 13.34c; October, 12 9Hc November, 12.78c; December, 12.77c- Jan uary. 12.76c. London Wool Sales. LONDON. March 18. The offerings at the wool auction sales today amounted to 11.761 bales. Under an increased demand, fine merinos were advanced 5 per cent higher than the opening rates. Americans bought a few greasles. Continental buyers took scoureds eagerly. Americans fine, light haired cross-breds and the home trade coarse grades. Hops at LoMdoo. UPLIFT OF PRICES Buyers of Stock Take a Cheer ful View. IGNORE UNFAVORABLE NEWS Demand From Influential Interests Helps on the Advance New York Money Market Easier. XEW YORK. March 18. The steady up lift of price. In today's stock market and the indifference shown to any but favorable developments made an Impressive demon stration of hopefulness on the part of takers of stocks. Some part of the buying; was attributed to a short Interest overtaken by the con tinued recovery in prices. The persistence of the demand of the principal longs was taken to indicate satisfaction with condi tions on the part of some interest, welt equipped with resources to express their confidence. A further rise in American Tobacco stock in the outside market kept alive predic tions that the Supreme Court decision in the tobacco case would be In favor of tls com pany. Citation from the President's speech before the Traffic Club. In Chicago, were used as evidence of fairness Jn the attitude of the Government authorities towards the railroad corporations. Strength of special stocks traceable to Individual causes helped the general ad vance by sympathy. The rise In Norfolk Western was a noticeable case in point. This was accompanied by rumors of an increase in the dividend and of a guarantee by the Pittsburg. Cincinnati. Chicago A St. Louis. There was published during the day cheerful views of the, copper trade from the president of the Amalgamated Copper Company, which served as a stimulus to the buying of that stock. Rumors of divi dend increases applied to some other stocks, including United States Steel. Estimates of the week's currency move ment promised a gain in cash by the banks owing to excess of receipts from the In terior over shipments. The higher rates for time money during the week have op erated to attract funds to this center. There was a relaxation In the London discount rate from the violent advance caused by the rise in the bank rate. The call loan mar ket in Xew York relaxed slightly In view of the gain In cash indicated for the banks. Bonds were Arm. Total sales, par value, $3,155,000. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing Bid. Sales. Allls Chalmers pf High. Low 42 79 47 38 76 S 67 39 2 14 52 86 108 326 141 96 39 4914 115 103 132M, 11214 91 30 76 179 42 106 3i X) 87 67 1 155 14 80 40 62 80 78 146 18 175 42 80 3314 SOH, 9 38 154 136 69 11 22 56 92 21 13 46 24 38 69 152 4o 143 7o"4 72 J83 64 124 45 106. 78 134 31 V4 137-4 lo 44 194 44 18 39 101 49 l 29 73 78 l-'8 29 6 3214 30 4 08 188 88 S 78 45 86 121 49 59 "4 21 48 52 71 75 5 53 22 5914 117 IOI Amal Copper 28,500 Tij "-8 47 39 7li'i K, BS 4014 2li 14 62'4 108H 126 10 87 49 V, 115!4 132'" 112 "425, fviii Agncuiiurai .. rfou Am Beet Sugar . . 4 Am Can pf :ii Am Car & Foun. K00 Am Cotton Oil .. TOO Am Hd & Lt pf. 2k) Am Ice Securl... 6I) Am Linseed Oil . . 2iM Am Locomotive .. 7ix 4S 4014 27 14 M S7 1273, 141 f7 4!! 116 112'. sin '3 Am Smelt & Ref.. I6..K1O do preferred 2H Am Sugar Ref A m Tr-1 & Tel Am Tobacco pf . . Am Woolen ...... Anaconda MIn Co. Atchison do preferred Atl Coast Line Bait & Ohio do preferred ... Bethlehem Steel .. Brook Rap Tran . Canadian Pacifio .. Central Leather do preferred l.lOO 1,80 1O0 1,000 800 8,000 '366 1.500 20 6,lO0 600 42 Central of N J Ches & Ohio .19.500 Chicago & Alton 88 87 Chicago Gt West. Chicago & X W . . . C, M & St Paul . . C. C. C & St L . . . Colo Fuel & Iron. Colo & Southern.. do 1st preferred. do 2d preferred. Consolidated Gas. . Corn Products . . . Del & Hu(tfon .... D & R Grande .. do preferred . . . Distillers' Securt . . Erie do 1st preferred. do 2d preferred. General Electric .. Gt Northern pf ... Gt Northern Ore . . Illinois Central Interborough Met.. do preferred Inter Harvester Inter-Marine pf ' . . Int Paper Int Pump Iowa Central .... K C Southern .. do preferred . . . Louisville & Nash Minn & St Louis. M. St P e S S M. Missouri Pacific . . eoo 600 6.700 1. 800 SOU 31 IBS ".4 145 14. 82 Vi 41 30 1.15 14 0 2.300 200 20 l.lOO 1,100 61IO 2.300 SO0 "2O0 2,400 700 ' 6.2O0 4.8O0 100 145Vi 1S 17." 42 80 Vi 34 !K' 48-j. 14 is4 174 41 80 "i 33 3i 30 0 ISVi 154Vi 138V4 ISA 70 69 22 "22ti 57 V4 5H tti'n 92 24 "24 X 88:)i 38 153 153"' 41 41 144 144 70 "j, 70 U 43 42 '84 'siii 125 124 46 45 106 104 T8 78 135 14 134 137 137" 102 101 44 44 196 196 44 1K 17 39 39 "50 'ih 91 91 55 4 21 lO SO0 3O0 3X 300 Mo. Kan & Texasi ' 1.500 do preferred National Biscuit National Lead . . . 400 Mex Nat Ry 1st pf N Y. Central 4,400 N Y. Ont & West. 1.800 Norfolk &- West. 28.100 North American .. 100 Northern Pacific . . 2.600 Pacific Me.ll Pennsylvania 2O.1O0 People's Gas S.00O Pressed Steel Car. 1 it Pullman Pal Car. loo Ry fcitee! Spring.. 300 Reading ...119.5O0 Republlo Steel ... 700 do preferred Rock Iolanrt Co.. 17.3O0 do preferred . . . 700 St L & S F 2 pf. 3oO St. L Southwestern ...... do preferred ... ...... Sloss-Sheff leld Southern Pacific . . 19.8oO Southern Railway. 200 do preferred . . . SOO Tenn Copper .... loo Texas & Pacific . . 200 To I, St L West. 300 do preferred ... 500 Union Pacific ftl.B'Xl do preferred ... lOo 128 29 127 29 6 33 14 30 V, 45 3314 .TO 45 w"4 188 4 98 14 78 45 86 121 49 69V4 2iJ 48 M' 71 75 R8"i 186 88 78 4S 85 121 49 58 21 48 62 71 75 XT S Realty 200 U S Rubber ..... 500 U S Steel 141. TOO do preferred I.200 Utah Conner .... l.OOO vn-Caro Chemical. 2.700 wabash 300 do preferred 5.1O0 4.000 200 200 Western Md We.Ttlnghouse Eleo Western Union Wheel & L Erie.. Wisconsin Central. 100 Pittsburg Coal ... 3I0 54 60 lot" 54 Am &teel Fflv . . 2x TTnifed Drv Goods Laclede Gas 200 IOI Total sales for the day. 583.600 shares. BONDS. NEW YORK, March IS. Closing quota tions: XJ. S. ref. 2s reg.l0O!N. Y. C. gn 3s oou do coupon ...100 No. Pacific 3a. . 73a! U. S. 3s reg 10214 No. Pacific 4s.. 10l2 do coupon . . .10214 Union Pacific s.ioi U. S. new 4s reg. 114. Wis. Central 4s 94143 D. & R. O. 4s. .92V4B, I Wily Treasury Statement. WASHINGTON. March 18. The rnnrtltln. of the Treasury at the beginning of busi- .life iijuuj, . txa as tvilUWS; Trust funds Gold coin f Rr4.A3f rao. 489.290.000 Silver certificates outstanding... 480i26.OOO Standard silver dollars in gen eral fund . . a,'- i-s. Current liabilities . 86i83i'l53 Working balance in Treasury of- xices . - 21 00 302 In banks to credit of Treasurer ' of the United States 38 54.1 533 Subsidiary silver coin 9-i'nV'-irtT 1.166.223 Total balance In general fund. 82,902.350 Money. Exchange. Etc. NEW YORK. March is vnn.v .n firm, 24jS per cent; ruling rate. 2: clos ing, bid. 2 ; offered at 24. xune loans, very steady and dull; 60 days and 90 days, 4 4 per cent; six months, 4 6 4 per cent. - Prime mercantile paper, 4!3j5 per cent, cent. Sterling exchange steady, at a decline, with actual business in bankers' bills at f.8375S4.S3S5 for 60-day bills; and at $4.8705 for demand. Commercial bills, $4.83 4.84 . Bar silver. 51 c Mexican dollars, 44c. Bonds Governments, steady; railroads, firm. LONDON. March 18. Bar silver, steady at 23 ll-10d per ounce. Money, 33 per cent. The rate of discount In the open market for short bills Is 33 per cent; for three months bills. S1.$33 per cent. Consols for money, 81; do. for account. 81. SAN FRANCISCO. March 18. Sterling on London. 60 days. $4.84; sight. $4.87. Silver bars. 51 c. . Mexican dollars 44c. Drafts Sight, 7c; telegraph, - 10c. Eastern Mining Stocks. BOSTON. March 18. Closing quotations: Alloues 50B)Mlami Copper .. 23 Amalg. Copper.. 79 I Mohawk 61B A. V.. L. & Sm.. 30!Nevada Con. ... 2:! Arizona Com... 34 Nlpissing Mines. 104 Atlantic 95 INorth Lake 23 B C C C rets. 19y.;01d Dominion ... 43A B & C C & S M. 18 Osceola 153 .htutie coalition. jparroit ts a uj. i. "al. & Arizona. 73 IQuincy 8S Cal. & Hecla...620 (Shannon 14 Centennial 20!ISuoerior 56 Cop. Ran. C. Co. 7VjSup & Bos Min.. 13 J E. Butte Cp. M. 10Sup & Pitts Cop. 13 rranKiin 19 14 ' t amarack Glroux Con. ... 9Vi:U. S. Coal & Oil 3S Granby Con. ... R4AU. S. S. R. & M. 7 Greene Cananea. 1014! do pfd 51 I. Royale (cop.) 20 ll'tah Con 32 Kerr Lake 8Winona 10 Lake Copper ... 77 ! Wolverine 135 La Salle Copper 1S1 WHEAT COURSE DOWN MARKET WEAK SIOST OF DAY AT CHICAGO. Effect of Crop Damage Reports Off set Ty Ijarge Receipts and Poor Flour 'Demand. CHICAGO, March 18. Wheat was erratic the greater part of the session, but the volume of trading was not large, A further break In corn prices, liberal primary re ceipts and an extremely slack demand for flour In the Northwest offset the effect of additional crop damage reports. The mar ket displayed Its greatest strength on open ing transactions which were at gains of a shade to c. During the day May sold between $1.12 and $1.12, while July ranged between $1.07 and $1.06. At the close prices were almost on the lowest level. Final Quotations on May and July were in each case c below the pre vious close at $1.12 and $1.06 1.06 re spectively. An exceedingly poor demand for the cash grain, which resulted in declines of to 114c at the sample tables, inspired general selling of corn. Sellers centered their at tack on the May option and this delivery was the weakest of the list. No. 3 yellow corn sold at 5960'ic. The May delivery ranged between 62c and 63c. The market closed weak, with May at 62tfz62c. Oats were weak. The market was bear lshly affected by the heaviness of corn and by a -decline of c to lc in cash prices. The. market closed weak at almost the bot-tom-with May at 46446c. Provisions closed firm with prices near the top. Final figures on May products were: Pork. $25.95; lard, $14.12. and ribs. $13.70. The leading futures ranged as follows: WHEAT. Open. r High. Low. Close. $1.12 $1.12 $1.12 $1.12 1.07 1.07 1.06 M.06 1.04 1.05 1.04 , 1.01 CORN. .62 .63 .62 .62 .64 .65 .63 .64 .60 .65 -65 .65 OATS. .44 .44 .4SV4 .43 .42 .42 .41 .41 .38 .39 .39 .39 itept Ma v. . July. . Sept. . May July Sept. MESS PORK. May 25.87 26.02 25.77 25.95 July 25.95 25.97 25.75 25.9.1 Sept 25.70 . 25.70 25.50 25.65 LARD. May 14.15 14.20 14.05 14.12 July 13.97 . 14.02 13.87 13.95 Sept 13.90 13.95 13.80 13.90 SHORT RIBS. May 15.62 . 18.72 13.60 13.70 July 13.40 13.45 IS. 35 13.42 Sept 13.35 13.87 13.27 18.32 Cash quotations were as follows: Flour Easy. Rye No. 2, 79 80c. Barley Feed or mixing, 5759c; fair to choice malting. 63 & 69c. Flax seed No. 1 Southwestern, $2.15; No. 1 Northwestern, $2.25. Clover $12. , Pork Mess, per barrel. $2626.25. Lard Per 100 pounds, $14.32. Short ribs Sides (loose). $13.25 13.62 . Sides Short, clear iboxed), $14(14.25. Grain statistics: Total clearances of wheat and ' flour were equal to 62,000 bushels. Exports for the week, as shown by Bradstneet's. were equal to 1.281.000 bushels. Primary receipts were 656.000 bushels, compared with 662,000 bush els the corresponding day a year ago. Es timated receipts for tomorrow: Wheat, 81 cars; corn, 200 cars; oats, 160 cars; hogs, 7000. Receipts. Shipments. Flour, barnels 84,100 17,800 Wheat, bushels 96,000 32.400 Corn, bushels 335.300 277,200 Oats, bushels 455.400 175,900 Rye, bushels 2.000 7,600 Barley, bushels 215,500 47,900 Grain, and Produce at New York. NEW YORK, March 18. Flour, quiet and about steady. Receipts, 16,485 barrels; ship ments, 6400 barrels. Wheat Spot easy. No. 2 red. $1.25 J, 5f 1.26 cif. Wheat was inactive and without much feature with small price changes. Crop news was generally bullish, but cash markets were quiet and traders were wait ing for developments. At the close prices were lower to 14 c advance. Exporters took 18 loads. May. $1,22 , 1.22 ; closed. $1.22; July, $1.15 7-16'g 1.1 6, closed 1.15; September, $1.11 15-16g!1.12, closed $1.12. Receipts. 60O0 bushels; shipments 3000 bushels. Hops Dull. ' Hides Firm. Petroleum and wool Steady. European Grain Market. LONDON. March IS. Cargoes, quiet but steady, with more Inquiry. Walla Walla for shipment at 39s, 3d. English country markets, firm. French country markets, quiet. LIVERPOOL March 18. Wheat Msrh a. 8d; May, 8s d; July, 7s, lld. Weather rain. Minneapolis Grain Market. MINNEAPOLIS. March 18. Wheat May. $1.13 iB-1.13 ; July. $1.13 el. 13 at. Cash: No. 1 hard. $1.13 &1.15 ; No 1 Northern. $1.13 1.14 ; No. 2 Northern. $1.111.12; No. 3, Northern, $1.07 L10. Flax closed at $2.24. Corn, No. S yellow. 58ifi58c Oats, No. 3 white. 41t)41c Rye, No. 2. 7074c. - Grain at San Francisco. fAN FRANCISCO. March 18. Wheat barley firm. ' Spot quotations: Wheat Shipping, $1.B23 1.87 per cental. Barley Feed. $1 .40g'1.42 per cental; brew ing. S1.424?1.45 per cental. Oats Kea. $l.651.70 per cental: whlt $1. 651.70 per cental: black, nominal. ' Call board sales: Barley May, $1.36 per cental; December. $1.29(ff-1.30 per cental orn irsa yellow. i.KHff'l. iU per cental. Grain Markets of the Northwest. TACOMA, March 18. Wheat, bluestem $1.0951.12; club. $1.0201.04; red Russian $1.02. SEATTLE. March 18. Milling quotations bluestem. $1.10; club. $1.03; fife, $1.03; red Russian. SI. Export wheat, bluestem. 1.07. club. $1; fife. $1; red Russian. 97c. Tester- days car receipts, waeat one car; oats, five cara Dairy Produce tn the East- CHICAGO, March 18. Butter mv Creameries, 2631c: dairies. 22i&''7c Eggs Receipts 13,262 cases: steadv mt mark, canes included, 19c; firsts, 21c; prime firsts, 22c Cheese Steady. Daisies. 16fi16c: Twlna 15tH5c: Toung Americas, 16$jl6c' Long Horns, 16S16e. NRW TORK. March 18. Butter F.n-v grades, very firm: others auiet. , Prlc un changed. ' t heese Firm, unchanged. Eggs Firm, unchanged. . SHEEP ALSO HIGHER Market Has Advanced a Dollar in Few Weeks. SUPPLY IS VERY SMALL fifty-one Head Are Sold at tlie Stockyards at $7.50 Per Hun dred Cattle and Hogs Hold Their Own. An opportunity was offered yesterday to ascertain what sheep values are in the local market when a small bunch was disposed of at the Portland Union Stockyards. There were only 51 head In the bunch, but as no sheep have been sold here for some weeks, the sale was important. The price realised was $7.50 a hundred, wITich is an even dollar better than the price paid at the last sal The Impression prevails among livestock men that sheep will be scarce throughout the season, especially good sheep, owing to the hard Winter that has prevailed in Eastern Oregon' and Washington and the poor feeding facilities that many of the growers had. Cattle sold freely, six loads of extra good steers going at $6.50 and two loads almost as good at $6.35. The best price paid for hogs during the day was $11.10, but they were not equal In quality to those that lately brought the extreme price of $11.25. In a general way the local hog market can b classed as steady and it is not safe to make a pre diction that it is going either up or down. The tendency in the Eastern markets yes terday was strongly upward, after the two days' setback. Hogi at Chicago advanced 10 15c to $11.05 as the top, Kansas City had a similar advance to $10.75 and Omaha with the same top conditions, showed ad vances of 15&25c Receipts during the day were: 391 cattle, 31 calves, 61 sheep, 302 hogs and 8 horses. Shippers of stock were Thirman & Har ris, three cars of cattle from Dillon, Mont. ; J. J. Smith, of Pocatello, Idaho, one car of hogB; Carroll & Schaefer, of .Colfax, Wash., two cars - of hogs; C. S. Walker, with 13 cars of cattle and horses from Joseph and Ontario; S. E. Ferguson, of McMlnnvllle, one car of -cattle and horses, and M. Gale, who drove in 51 sheep. The day's sales were as follows: Weight. Price. 24 steers, extra good 1280 24 steers, extra good ..........125 25 steers, extra, good 1213 24 steers, extra good .......... 1275 26 steers, extra good ........... 1 179 37 steers ..................... .1259 6 steers 1241 1 steer .1200 2.3 steers 1258 22 steers .....1232 2ol hogs, good 184 101 hogs, good ................ ISO 51 sheep, good 105 $6.50 6.50 6.50 6.50 6.50 6.50 6.00 4.75 6.35 6.35 11.10 11. 0O 7.50 Prices quoted on the various classes of stocks at the yards yesterday were as fol lows: CATTLE Best steers, $6tj6.50; fair to good steers, $o5.75; strictly good cows. 35.50; fair to good cows, $4.75; light calves. $65j,tf.50; heavy calves, $405; bulls', $3.60ife4.25; stags, $34.50. HOGS Top, $11i8 '11.25; fair to good, $9.50 10. SHEEP Best wethers. $77.50: fair to good wethers. $5.50(5.75; good ewes, $6; lambs, $7.75. Kastern Livestock Markets. CHICAGO. March 18. Cattle Receipts es timated at 1500; market, strong, ioc higher. Beeves. $5.60ig;8,75; Texas steers, $5'jp6.30: Western steers, $56.80; stockers and feed ers. d.7aiteu.7-; cows and heifers, $2.73 7.10: calves. $S.25iil0. Hogs Receipts estimated at 1 l.OOO; mar nei. i i.ic nigner. llgnt, $10.45 (3 10.85; mixed. $10.550 11; heavy. 10.60(5 1 l.o.t ; rou-h, $10. 00 10.75; good to choice heavy, io. io s 1 l.Oi, ; pigs, $9.7510.6O; bulk of sales. $10.8OlO.90. Sheep Receipts estimated at 5O00: mar- ei. sieaay. jsative, a j.2."i ff 8.50; Western, $5.754j 8.50: yearlings. $s9.10; lambs, na tive, $8.50 10; Western, $9 10.35. OMAHA. March 18. Cattle Recetnr. firm- market strong to 10c higher. Native steers, $o.io(8.25: cows and heifers. $556.50; can ners, $3.2.-i4?5; stockers and feeders. $4n6 25 calves. $4'&8.25: bulls, staiis. etc.. 4 2.tfiiK.9. Hogs Receipts 50O0; market 15025c higher. Heavy, $10.60'SM0.75: mixed. lllin .10 ax- light. $10.30(8 10.501 pigs. $S.60(f.50; bulk of Sheep Receipts 6000: market steady. Tesr- niiKs. (ixaw.io; werners. $.yo(&s.9o; ewes $7.758.10; lambs, $9.60gi0.10. KANSAS CITY. March 18. Cattle Re ceipts looo: market stronar to lOc hlirh.p Mo tive steers. $6.408.50; cows and heifers, ' $3.50 Bi.itMria aim. teeners, a.oug2t).40; bulla $4.5(Vff.25: calves. $54)0.25; Western steers, $5. 757 8: Western cows, $4(g6.25. a Hogs Receipts 8000; market lOlSc higher Bulk of sales, $10. 30 10. 65; heavy, $10.60 10.76; packers and butchers. $10.4510 70 light. $10.20&10.56: pirs. $968.75. Sheer) Receipts 5O0O; ' market strong. Mut tons. J 7ft K. 2,,: lambs. $9ttl0.2O: r.H tvMBn. wether.x and yearlings. $7S8.40; fed Western e w , mo." V EGGS FIRM AT SEATTLE ALASKA ORDERS FOR 4 00 CASES ARE PLACED. Large Quantity Is Going North From San Francisco Stocks of Onions Heavy.1 SEATTI.E. Wash.. March 18. (Special ) Eggs were Until today. Alaska orders, ag gregating about 400 cases, were placed and addd to the strength of the market. Coun try shippers are still holding. It was said that shipments leaving San Francisco tomor row and the next day will be the heaviest of the season. Butter receipts on today's boat were 205 packages. A car of Eastern cheese arrived but sold during the day. Four carloads of onions have reached Western avenue during the past two daya Onion stocks are heavy in some quarters and as a result the market has lost some of the firmness noticeable for some time back. Prices, however, are unchanged with extra fancy stock commanding 2 cents. Potato receipts fell off to two carloads It is stated that few potatoes have been loaded out In the country since the last decline here. Celery stocks are plentiful and prices somewhat lower. There were no changes In hay and grain A shipment of 1000 tons of wheat goes South to Mexico on the next boat. QUOTATION'S AT SAX ITtANCISCO. Prices Paid for Produce in the Bay City Market. SAN FRANCISCO. March 18. The follow ing were the quotations in the market to day: , Mlllstuffs Bran. $25.6027.60; middlings. $3336. Vegetables Cucumbers, $1.251.50; garlic. 4S6c; green peas, 5S7c; string beans, 35c asparagus, 7c. ' Butter Fancy creamery, 28 c; creamery, seconds. 28c; fancy dairy, 27c . Kggs Store. 21c: fancy. 21 c. . Cheese .New, i-k 1 18ai9c. Toung Americas. Hay Wheat. $1419; wheat and oats IS S17c; alfalfa. $9 13; stock, $09; straw por bale, 50 75c ' Hops 1822o per pound. Wool Spring; Humboldt and Mendoceno. 13 13c; South Plains and San Joaquin. B 10c. Fruits Apples, choice. 75c $1; common. 50(5' 05c; bananas, 75c (to $3; limes $5.-o&i,6-lemons. choice. $L502; common. $10125; granges, navels, $1.20 (& 2.50; pineapples. 20 Potatoes Oregon Burbanke. $1(91 15 Early Rose. SlLlO; Salinas Burbanks! $1.351.50; sweets, 2.102.1'5. Poultry Roosters, old, J55.60; young $T C8; broilers, small, t3.50jH.60; large, $586: THE UNITED STATES NATIONAL BANK PORTLAND, OREGON UNITED STATES DEPOSITORY Capital . . . $1,000,000.00 Surplus and Profits $725,000.00 OFFICERS J. C. AINSW0RTH. President. B. W. SCHMSEB. Cashier. R. LEA BARNES. Vice-President. A. M. WEIGHT, Assistant Cashier. W. A. HOLT. Assistant Casldez. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS Driwn ON ALL FOREIGN COUNTRIES Combines the inherent stability of the mineral aggregate with the cementing qualities of the bituminous cement, and produces a smooth, dustless, waterproof pavement, makng ideal streets that beautify the city and enhanca the value of property. BITULITHIC has more intrinsic value than any other hard-surface pavement. AMERICAN BANK & TRUST COMPANY SAMUEL CONN ELL, President ' C L. MacGIBBON, Cashier CAPITAL, $150,000 Does a general banking business. Opens checking accounts without limitation as to amount. Pays Interest on time and savings deposits. COBXER SIXTH AND OAK. Buy Coalinga Crude Now We all know that Rood California oil stocks are appreciating rapidly in value. Coalinga Crude Is no exception to this rule, for it is steadily advancing in price on tha Los Angeles Stock Exchange, now selling around 30c, and surely going up to 40c to fiOc per share rapidly and much hig h-er. This advance Is fully juBtlned by the rapid progress being made In the development of the property, which is one of the choicest pieces of absolutely proven territory In the entire Coalinga field. The Coalinga 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 every possibility of rapid increase In value and early large dividends. The illustrated oil magazine. "Securities." tells all about this In Its latest Issue. Send us this coupon and lt will be mailed you free for six months. , COU POX. Pacific! Stat-es Guaranty Sc. Land Company, 501 First National Bank Bldg., San Fran cisco: Gentlemen Please send me, free of cost. Information regarding stock referred to above, also free copies of oil magasine, "Securities, for six months all this without any obligation whatever on my part. Street and No wmmmmmimm 309 East Washington, East 277 Telphones B2742 Honolulu SV.V Day 8 Froni S. F. Twin Screw 8. S. SIERRA OO.OOO tons under command of Captain H. C. Iioud lulu. March 26, April 16, May 7. The partments, two aets triple expansion e wireless. bOOK NOW, and secure the best b The volcano ivlluea is now unusual See It at its best. Line to TAHITI and NEW ZE ALA Union Line; sailings April 15, May 21, J class, js ew z,eaiana c Wellington), K. i . OCEANIC S. 8. CO., 673 Market fry-ers, $37; hens, $510; ducks, old, 95.60 C&'SO: young. $7 9. .sacks: bran. 205 sacks; middling, 4ix sacks; V. 43?fl nr. a nvinl Kn 1 o hi.Us 91 S. PORTLAND. SEATTLE, SPOKANE, TACOMA Downing-Hopkins Co. BROKERS Established 1803. Stocks, v Private train. Wires 201-3-3-4 Conch Bids'. TRAVELERS' GUIDK. Canadian Pacific Less Than Four Days at Sea Weekly Sailing Between Montreal, VlueDec and Liverpool. Two days on ths beautiful K' T..wvnf. Kiver and the shortest ocean route to Eu roxe. Nothing better on the Atlantis than our Empresses. Wireless on all steamers. Flist-dosss 90. second S51.2S. one rises cabin 947.60. sk any ticket n?.nt nf. .-it. ..fl ings, rates and booklet. F. B. Johnson. Gen eral Agent. 112 Ihird t.. Portland, Or. PORTLAND, (OREGON. City 5 Corner Water and First Sts. Write or Phone for Information $ 1 I U I FirTt - I Class displacement), claused by Lloyds 10OA-1. lette. will sail from San Francisco for Hono Sierra has double bottoms, water-tight com ngines. bilge keels, and Is, equipped with. erth. ty active. One of the world's wonders. ND, S. S. Mariposa and S. S. Mokola of une 21. etc. Tahiti and back. $12-5. first 9.4ft,a3, nrst class. St.. San Francisco. TRAVELERS' GUITJK. CCANDINAVIAN-AMERICAN LINE J 10.000 Ton Twin-Screw Passenger Steamers Direct to Norway, Sweden and Denmark C. P. Tleturen Mar. 24 Oscar II April I'nlted States. Mar. all C. F. TietKen. May 5 HelliK Olav.. April HiUnlted States. May 1J All steamers equipped with Wireless First cabin. $75 upward: second. $00. A. E. JOHNSON & CO.. 14 Washington ave.. South, Minneapolis. Minn., or Local Agents. SAN ITtANCISCO PORTLAND STKAM- hHlF COMI'ANV. Only direct steamers snd daylight sailing From AinBworth dock. Portland. 4 P. M. S.8. Ke City. Mar. 5. 4 P. M. Kansas City. Apr. 2. 9 A. M. ' From Pier 40. San Francisco. 11 A. M. KanMH City. Mur. 0, Apr. 10. b.S. Uoe Cltv. Apr. i. 16. etc. M. J. KOCH E, J. T. A.. 142 Third St. Main 402. A 1402. J. W. RANSOM. Dock Agent. Ainsworth Dock. Main 2 OS. A 1234. NORTH PACIFIC STEAMSHIP COMPANT. . b. banta Clara sails for Eureka and San Francisco March 12-20, at 4 P. M. 8. B. E'der mails for Eureka. San Francisco and Los Angeles. March 1. 15. 29. at 8 P. M. E. R. Rnnnr.tr.. ..M.n. San Francisco and Los Angeles, March 8. 22 at 8 P M. Ticket office 132 3d st. Phones Main 1314. A 1314. H. Youngs. Agent. COOS BAY LINE The steamer RAMONA leaves Portland every Wednesday, 8 P. M., from Ainsworth dock for North Bend. Marshfield and Coos y points. Freight received until a P. M on day of sailing. Passenger faro, first class. 10: second-olass. J7. including .berth ana meals. Inquire city ticket office. Third and Washington streeta or Ainsworth dock.