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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 30, 1910)
1 THE ' MORNING- OREGONIAX,' WEDNESDAY, MARCH SO, '1910. 19 BOTTOM FOR HOPS Dealers Believe That Prices Will Go No Lower. WORLD'S SHORTAGE CLEAR Jiut for Selling Pressure on This Coast, Valued Would Xo Ioubt Have Been Well Main tained All Season. The conditions that noxr confront the hop trade are such as were never known before, and In view of all the statistics, the present dullness in the Pacific Coast markets is al most incomprehensible. Now and then there Is a little buying flurry, but it soon plays out and leaves the market stagnant. Last week there was such a wave, but this week the market is again lifeless. There are in dications, however, that the market has seen its lowest prices and the dealers believe the future will show improvement. The dealers and growers of the Pacific Coast have only themselves to blame for the present condition of the market, for almost since the beginning of the season some of them have shown weakness and they have steadily played into the hands of the East ern and Knelish bears. The English and American brewers have been well coached by those whose Interests it "has been to keep the market within a- low range and by their conservative operations a-nd band-to-mouth buying in conjunction with more or less pressure to sell at this and have forced prices down almost 10 cents a pound from the top quotation of the season. English bops find an active demand at London around 130 and 140 shillings, while Pacifies bring only 95 to 110 shillings there. New York States are selling at 25 cents. German hops sell readily at the equivalent of 61 to 55 cents first cost to grower. In Oregon. Washington and California, how ever, hops can be bought at 15 to IS cents. That the underlying conditions of the market are strong can be easily proved by statistics, just as the weakness of the East ern and foreign markets can be proved by the selling pressure of Coast hops. The imports into England for the six months to the end of February were 83.405 cwL, against 144,081 .cwt. in the corresponding period last year and 142,521 cwt. two years ago. England's exports for the first six months this season were 16,000 cwt., leav ing the net Importations into England about 6S.00O cwt. This, added to the crop of 214. 000 cwt., gave an available supply of 2S2.000 cwt., against a consumption of about OOO.OOO cwt. Here is a deficit of 318,000 cwt- that has to be made up from brewers reserve stocks, quantity unknown, and hops still In growers' hands, of which the only large available supply is on the Pacific Coast. The total American crop last year was 209,5rt3 bales. Exports to date axe about 40,000 bales and imports eoout 10.0OO bales, t'nsold stocks in America are about StO.OOO bales in growers hands and 15.000 held by dealers and speculators. The American brewers have, therefore, taken only 135,000 bales, against a consumption, as shown by Government returns, of 225,000 bales. There fore, there is a deficiency in this country of "5.000 bales, which the brewers must make up from their surplus stock of olds and from purchases of 1909 hops yet to be made. Last year the American brewers used only 165.0O0 bales, out of the 1O0S crop, so they must have used olds also in that year. Con sequently, It seems safe to reason that they will go Into the 1910 crop without any carry-over hops from the old growths. A New York letter received yesterday eald: "We believe the trade In the East now feels that the bottom has been reached for Pacifies and states and with the next de mand from brewers, which Is sure to come after the present prohibition flurry has sub sided, prices are bound to advance some what FIRM MARKET FOR COCNTRV PRODUCE Eggs, Poultry and Meats All Clean lp Readily. There was talk in some quarters on Front street yesterday of raising the price of eggs, but so far as could be learned no business was done over 23 cents. The talk of bigher prices was occasioned by the firmness of the market and the readi ness with which the large neceipts clean up. It would be decidedly unusual for egg prices to advance at this time of year. Poultry is so scarce, especially chickens, that it Is difficult to quote the market. A const derabf-s supply of dressed meats is coming in, but the demand is good and prices hold steady. Butter is moving out well and -up to th present time prices have been main tained. ABSENCE OF DEMAND IN GRAIN TRADE Hover I Folding Off for a Further Decline In Prices. Dullness and weakness are still the only features of the wheat market. Prices were quoted unchanged yesterday, but there did not appear to be any demand, especially for blues tern, at any price. Some of the deal ers believe that prices will have to get un der the dollar mark for ail grades before there will be any business of consequence. No changes were reported in oats or barley. Local receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour. Oats. Hay- Mnndpy ... 23 3 5 Tuesday .. 0 15 2 5 Tear ago... 4 2 8 3 10 Season to date .... f,024 1,200 1.785 1.305 2 174 Tear ago.. .10.251 1.48S 1.100 714 2352 Good Supply of Green Produce. Front street was well supplied with all seasonable varieties of vegetables and fruits, for which there was a fairly good demand. Asparagus was In large supply and still sold at 5 8 cents, although the Cali fornia market has advanced, as canners are now operating then?. Rhubarb was also plentiful and brought 5 cents. Bell pep pers are now offering at 40 cents a pound. Head lettuce was weaker, 60 cents being the top. Small Trading In Wool. Wiro and mail advices from the Eastern wool markets note an easier feeling, be cause of the slow buying by the mills. Con siderable stocks of Oregon wool" are being carried by dealers there. Aside from a lit tle buying of early shorn wool In the Yak lma section, no business Is under way in the Northwest. Mohair is being sold rather freely by valley growers at 25 and 25 Vi cents. Bank Clearings. Bank clearings for the Northwestern cities yesteraay were as iuuows; Clearings. Balances. Portland $1,420,955 $164,311 Seattle i 1,654,147 19S.505 T acorn a ................ 782,908 43.413 tpokan 632, 722 4 9,982 PORTLAN D MARKETS. G rain , Flour. Feed. Etc WHEAT Track prices: Blues tern. J 1.011 1.03; club. 07 !c; red Russian. 00c; Val ley. $1. BARLEY Feed and brewing, $27917.00 per ton. T1 jOVR Patents. $5.75 per barr? straights. $4.754.5.5": export. $3.004.M; Vallev. $5.o: graham, $5.50; whole wheat, quarters. 5.7ft. CORN Whole, $34; cracked, $35 per ton. HAY Track prices; Timothy; Willazn ette Valley. $2021 nr ton; Eastern Ore gon $i:3&24; alfalfa. $17.5018.60; grain hay. WILLFTUFFS Bran 24S25 per ton: mid dlings. 33.50; shorts, $2526; rolled barley. $30.50$ 31.50. OATS No. 1 white, $2030. Vegetable and limits. FRESH FRUITS Apples, 91.23 3 box; pears. $1.50(Uf 1.7a per box; Spanish waiag. H rUi(b7 n- hflrrnl: frit rUrTW'fi Hhil'J VGT 6&d per barrel. POTATOB3 Carload buying prices; Ore gon 50fe Oik; per hundred; sweet potatoes, -1 VzG per pound. i VEGETABltij Artichokes. 83cU per doz : asparagus, 5fJ 8c; cabbage, 1 (if-c per pound; cauliflower, $1.70 fr 2 per dozenj celery, $4 4.50 per crate; cucumbers, $2.2-j per dozen; egg-plant, 25 cents per pound; head lettuce. 50 r 60c per dosen ; hothouse lettuce, 50c r $ 1 . 25 box; garlic. 32Vc pound; horseradish, fctfr. 10c per pound; green onions, 35ft40c per dozen; peppers. 40c per lb; rhu barb. 5c per pound ; spinach. $1 per box ; sprouts, 9c per pound; tomatoes. ? 2.75 5.."0 per crate. TROPICA L FRUITS Oranges. 2. 25-32. 75; lemons. $2 i 4; grapefruit, $3.25 6 per box; bananas, 65c per pound; tanger ines. $1.75 per box. ONIONS Oregon, 1.50 1.75 per hun dred. SACK VEGETABLES Turnips. $11.25 per sack; rutabagas, $1&1.25; carrots, 85c & $1; beets, $11.25; parsnips, 75c$l. Dairy and Country Produce. BUTTER Cnty creamery, extras, Sflc; fancy outside creamery, - 34 36o per lb.; store, 20c. (Butter fat prices average .e per pound under regular butter prices. f EGGS Fresh. Oregon ranch, 22 ft & 23c per dozen. CHEESE Full cream twins. 2!o per nound : vonnr Amprlras. ?2 (fi) " 2 XLc oiviv .f ancy, lais'tc per pouna. VEAL. Fancy. 1112&c per pound. LAMBS Fancy, 1518c per pound. POULTRY Hens. 20&21c; broilers. 27Q 8c; ducks. 22 b fit, 2-lc; geese. 27 '0 28c: tur keys, live, 22 25c; dressed, 25(a2yc; squabs, $5 jjer dozen. Groceries, Dried Fruits, Etc. DRIED FRUIT Apples, 10c per pound; peaches,. 7c; prunes, Italians. 435c; prunes. French, 4g5c; currants, 10c; apri cots, 12c; dates. 76c per pound; figs, 100 half pounds. S3.25 per box; ou six-ounce. $4.75 per box; 12 12-ounce, 75c per box. SALMON Columbia River, l-pouna tans, S2 ner dozen: 2-nound tails. 2.93: 1-pound flats. $2.10 H ; Alaska pink, 1-pound tails. 90c; red, 1-pound talis, $L45; sockeyes, 1 pound tails. $2. LUttLE Mocha. 24&28C; Java, ordinary, 1720c; Costa Rica, fancy, l82Gc; good, 1618c; ordinary, 12 loc per pound. NUTS Walnuts, 15c per pound; raxu nuts. 12 15c; filberts, 15c; almonds, 1617c; pecans, 15 16c; cocoauuts, &Qc& $1 ner dozen. BEANS Small white. 5.60c: large white. 4c; Lima, 6&c; pinK, 6.2uc; red Mexican, 1 14 c. SUGAR Trv granulated, fruit and berry. 8.25; beet, $0.05: extra C. $5.75; golden C, $5.65; yellow I), $5.65; cubes (barrels). $6.65; powdered, S6.&0; Domino, iu.iufa iu.au per case. Terms on remittances, with in 15 davs deduct c ner Dound. If later than 15 days and within 30 days, deduct o per pound. Maple sugar, l5$)'lSc per pound. SALT Granulated, f L4.50 . per ton; nan ground, 100s. $10.00 per ton; 00s, $11 per Con. HONEY Choice. S3.25G 3.50 Pr case; strained, 7c per pound. Linseed Oil. LINSEED OIL Pure raw in barrels, 90c; kettle boiled, in barrels, 02c; raw, in cases, 95c; kettle boiled, in cases. 07c Lots of 250 gallons, i cent less per gallon. ( Provisions. BACON Fancy, Grtc per pound; stand ard, 234c; choice, 22c; English. 2122o. HAMS 10 to 13 pounds. 2Uc; 14 to ltt pounds, 2c ; 18 U 2 pounds, 20c ; hams, skinned. 20c; picnics. 14c; cottage rolls, none; boiled hams, 27(&2Sc. LARD Kettle rendered, 10s, 19c: stand ard pure. 10s. ISc; choice. 10s, 17c. SMOKED BEEF Beef tongues, each eoc; dried beef sets. 19c; dried beef outsides, 17c; dried beef tnsides, 21c; dried beef knuckles, 2Cc. PICKLED GOODS Barrels: Pigs' feet. $16; 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, 17c; smoked, 18 Vic; short clear back, heavy dry salted, 16Vac: smoked, 18c; Oregon exports, dry salted, 17 &c; smoked, 10c Fur. FCRS Prices naid for crime No. 1 skins: Mink. Northwest Canada and Alaska. $8ip 10; Colorado, Wyoming, Montana. Idaho and California. $5 Si 7.50; British Columbia and Alaska Coast, $St? 10; Oregon, Washington, Idaho and Montana, $7. Lynx. Alaska and British Columbia, $35; Pacific Coast, $28. Kaccoon, sii&i.du. fa k unit, tanaaa, 2.ou; Pacific Coast. $V2- Wolf and coyote, Can ada, $5 & 6; Idaho, Montana, Wyoming. Ne vada. S1.50&8. Beaver, Oregon, Washing ton, Canada. Alaska. $5.50 ii 1 ; Idaho, Mon tana, $10; Utah, Wyoming, $6.5U4x 7 ; cubs, $2&2.50; Otter, Canada, Alaska, 512.50&14; Oregon. Washington. Alaska. Canada, Brit ish Columbia. $34.50; Pacific Coast, $1.75 dt 2.50. . Gray fox. Pacific Coast, $1.50 2. Bear, black and brown. Alaska, Canada, $16 6i2u; cubs. $12&15; Pacific Coast. $11K15; cubs. $5 (& 7 ; grizzly, perfect, $25 35. Bad ger, $2. Muskrat, Canada, Alaska. 80c; Pa cific Coast. 30&60c. Fisher, British Colum bia. Alaska. $l.Va20; pacific Coast. $0u 15. Wolverine, $6 & S. Silver fox. $30" v 5oo. Cross fox, $10 15. Sea otter. $20Op45O. Blue fox, $8&lO. White fox, $12 0$ 20. Swift fox, 40c. Ermine, iOr. Mountain lion, $5fi) 10. Ringtail cat. 25'75c Civet cat. 100 0c House cat. 5 It 25c. Hope, Wool, Hide, Etc HOPS 1009 crop, 16? 18c; according to quality ; olds, nominal ; 1910 contracts, 15 (& Itkr. WOOL Eastern Oregon, 16&'20c pound; Valley, 225x24c per. pound. MOHAIR Choice, 25g25c per pound. CASCARA BARK Mr "c per pound. HIDES Dry hides, ifj17c Per pound; dry kip; 16(&'17c pound ; dry calfskin, 3 4 & 15c pound; salted hides, 7 V ( Sc; salted calf skin. 14c pound; green, 3c less. BUY GHJFQRNH EATS SEATLE IS GETTING ITS SUPPLY FROM THE SOUTH. Stocks of Vegetables Are Heavy and Prices Are Weak Eggs Go ing Into Storage. SEATTLE, March 20. (Special.) In spite of heavy receipts of beef, wholesale prices rule firm. A carload of California dressed beef has been purchased and is due here some time next week. It is said this beef was purchased at 8 He below. California boats arriving last night brought a supply of both mutton and lamb. Veal is higher at 15 cents. Stocks of green goods were heavy and prices held at the bottom. The supply in many lines is larger than warranted by the demand, but lower prices fail to move the surplus. There is a good demand for staples for the Alaska trade, but xnis does not help present prices much. Quite a number of poor California eggs are offered. A liberal shipment or Southern eggs arrived by last night's boat. All sur plus eggs are going Into storage. Storage stocks are now quite extensive. Cheese was offered on the Exchange this morning. Indicating a better .supplied mar ket. A fresh car or Kastern arrived today, prices, however, are unchanged. QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce in the Bay City iuarKets. SAN FRANCISCO, March 29.-j-The follow ing were the quotations in the produce mar kets today: Mlllstuffs Bran. $26 27.50 ; middlings, Vegetables "Cucumber. $l.251.50; garlic, 3fc 5c ; green peaa. 4 6c ; string bearur, 35c; asparagus, 4&t Butter Fancy creamery, 26c ; creamery ecomU. 25Hc; fancy dairy. 25c. Eggs Store. 21 c; fancy, 22c. Cheese New, 15& ISo; Young Americas, Hay Wheat, $141; wheat and oats, $18 17; alfalfa, iz; sigck, aw; straw, per bale. 50975c Hops 17 4 ISc per pound. Wool Spring; Humboldt and Mendoceno, 13 15c; South Plains and Ean Joaquin. 8(9 10c Fruits Apples, choice, 75c ; common. 50 65c; bananas, 75c & 3; limes, $5.506; lemons, choice, $2 4 2.50 ; common. 41. 2 5 fi l.T; oranges, navels, $1.252.50; pineapples, $2& 2.50. Potatoes Oregon Burbanks, 80c (&$1; lSarly Koe. xi&i.io; Ktilmas Bur&anKu, $1.25& 1.5o; sweets, $2(52.40. Receipts Flour, 1340 quarter sacks; wheat. 70 centals; barley, 1 1.225 centals; oats. 230 centals; beans. 10 X sacks: corn. 45 rentals; potatoes. 4720 sacks; bran. 434 fcacks; middlings, 03 sacks; hay, 200 tons; wool, 223 bales; hides, 1040. CATTLE ARE STEADY Former Prices Rule at the Union Stockyards. DAY'S RUN IS HEAVY ONE Hogs Move Readily at the Quotations Irately Current Xo Sheep or I,nnibs Disposed of Dur ing the Day. Trade at the stockyards yesterday -was prin cipally in the cattle line. The market held its own in good h&pe throughout without any material change in prices. There waa a good run of cattle and hogs. The best price paid for steers was $6.75, while a large bunch of 616 head moved at $8.e0. Cows eold at o.50S5.75 and bulla went as There were several sales of good hogs .t . $11 end $11.15. Jfo sheep were disposed of during the day. Receipts for the day were 974 cattle and 446 hogs. Shippers of stock were O. D. Jones, of Ga zelle. Cal., 10 ear, of cattle: P". R. West, of Idaho Falls. Idaho, one car of hog; 3. C. Reynolds, of fSianilco, one car of cattle and hogs; Carroll & Schaeffer. of Colfax, "Wash., two cars of hogs; C. C. Clark and Son. of Nicolo, Or., one car or hogs, and Kidwell ft Caswell, with 25 cars of cattle from Logan, Richmond and Ogden. Utah. The day's sales were as follows: Weight. Price. 265 steers 10S9 SS.75 616 st-eers 1021 6.60 5S cows 9:S 0.50 1 stag ..1400 5.50 8 bulls .....T..1500 5.25 9 steers S56 4.25 1 bull 1260 4.25 1 calf .... 440 5.75 1 cow 3120 5.75 93 steers 1076 6.75 1 hog 420 10.50 81 hogs 225 11.15 84 hogs 182 11.00 10 hogs 115 10.00 Prices Quoted on the various classes of stock at the yards yesterday were as follows: CATTLFJ Best steers. .2oiS8.75: fair to good steers, $5.506; strictly good cows, $5.50 fciH; faxr to good cows, jv5.aj; light calves. calves, $6 7; hoavv calves, $4t&:5; bulls. $4.(5-5.25: stags. $4.5O(?f5.60. SHEEP Best wethers, $7.508; fair to good wethers, $6.507; good lambs, $S 12. HOGS Top, $11.25; fair to good, $1011. Eastern livestock Market. CHICAGO, March 29. Cattle Receipts es timated at 3000; market weak. Beeves, $5.75 (?iS.70; Texas steers, $5tfHJ.5t; Western steers, $."6m: stockers and feeders. $3.8fzi. 75; cows and heifers. $2.8,"j7.23: calves, $SS25. Hos Receipts estimated at ll.OoO; market steady. Light, $lo.65'&10.a5; mixed. $10.70 11.06; heavy. $10.754fl 1.10; rough, $10.75 10.S5: good to choice heavy. $10.8511; pigs, $U. Wi'lO.70 : bulk cf sales, $10.a0ia,l 1. Sheep Receipts estimated at 1O.00O; market steady. Native. $.-.&0ii8.10; Western, $5.70 .10; yearlings. S.25.40: lamia, native, $8.60S'10.2o; Western. $.40a-lO.4O. KANSAS CITY. March 29. Cattle Re ceipts 8O00: market steady io weak. Native steers, $6.2TtfiS.40; cows and heifers. $3. 50 7.25; stockers and feeders, $4. 507; bulls, $4.5i(g-0.2r, calves, uii: Western steers, $6 ii8.25: Western cows, $4'0.5O. Hogs Receipts 12.000; market steady to weak. Bulk of sales, $10.70(5 10.9O; , heavy, $10.90'10,95; packers end butchers, $10.76 lo.9o: light, $10.56'10.e5; pigs, $&.&0glo. Sheep Receipts 7J00; market steady. Mut tons, $7ig'.; lambs, $991 0.15; fed Western wethers and yearlings, $7.5069-50; fed West ern ewes, $7c&8.25. Money, Exchange, Etc. SAN FRANCISCO, March 29. Sterling on London, 60 davs. $4.&44 ; sterling on Lon don, sight. $4.87. Silver bars 52c Mexican dollars 45c. Drafts Sight, 3c; telegraph, 6c. LONDON. March 29. Bar silver Steady; 24 1-ltid per ounce.. Money 3Vi3 per oent. - The rate of discount in the open market for short bills is 3 J3-16i&3i per cent. The rate of discount in the open market for three months bills is 3 per cent. NEW YORK. March 20. Money on call closed steady, 2fe a 3 per cent; ruling rate and closing bid, 2Ts per cent; offered at 3 per cent. Time loans, very soft and dull. Sixty days, 3 per cent; 90 days and six months, 4 per cent. Sterling exchange, long, $4.S4i: sterling exchange, short, $4.8S; silver bullion, 52& Eastern Mining; Stocks. BOSTON, March 2".. Closing quotations: Allouez 44 (Miami Copper 244 Amalg. Copper.. 73 Mohawk 53 A. Z. U. & Sm.. 2i.evada Con. ... 21 hi Arizona Com 23 Nipisslng Mines., 10? Atlantic 84iNorth Butte ... 35 B O C & C rctst. 17 I North Lake ..... 17 B V C C 4 S M. :'Old Dominion... 38 Butte Coalition. 23 Osceola 143 Cal. & Arizona. t!ft jparrott (S & C) 17U Cal. & Hecla...600 (cjuincy 81 Centennial lSlsannon - ...... 12L Cop. Ran. C. Co. 72 Superior 49 E. Butte Cp. M. SVilSup Bos Mln.-. 13'4 Franklin 14tiMup & Pitts Cop. 13 Glroux Con 8V4Tamaraek 63 Granby Con. ... 45 tlT. S. Coal & Oil 35H ?reene Cananea. OSfciU. S. S. R. & M.435 Royale (cop. ISVi do pfd 50 Kerr Lake s.utah Con. ...... 2! Lake Copper ... 67?i'Wlnona 9 '4, La Salle Copper 15 IWolverlne 131A BONDS. NEW YORK. March 29. Closing quota tions: U. S. ret. 2s reg.l00iN-. Y. C. gn 84c S9H do coupon ...W0i No. pacific 3s 72 U. S. 3s res l'i No. pacilic 4s...lOO4 do coupon . . .102TJnlon Pacific 4S.100 tj. S. new 4s reg,1141i IWls. Central 4s. 73H do coupon .. .114 'Japanese 4s .... 924 D. & R. G. 4s... 96 4 1 Stocks at London. LONDON, March 29. Consols for money, 80; consols for account. 81 1-16. Amalg. Copper.. 70 (Mo.. Kan. Tex. 42 Anaconda ...... 9 N. Y. Central 126 Atchison 115 Norfolk & West.lOett do pfd 94 Ont. Jfc Western. 46 do pfd 106"i Bait. & Ohio. . .1134 Can. Pacific . . . . 1834 Pennsylvania . . 6n4 .. 9 . . S4V. . . 2SH . . 65 . .127 . .1S74 . .100 4 . . 84 . .122 Ches. & Ohio... 87 Rand Mines . Chi. Gt. West... 294iReading C. M. A SU P. .144 "'Southern Ry He Beers ISH do pfd 1. & R. G 41 ISo. Pacific .. do pfd . K- 81 I Union Pacific Erie . MH1 do pfd do 1st pfd 40 ',4 U. S. Steel... do 2d -nfd 39 do pfd Grand Trunk... 25 Wabash 223 Illinois QBptral.144 I do pfd 47 H Louis. & Xash..154;Spanish 4s 95Vi BW1JSE IX PRICES OF WOOL. liemand Falls Off and Values Drop in the Eastern Market. BOSTON. March 29. Decided falling oft In demand in all lines and a. drop In values is a feature of the local wool market. The fleeces are particularly easy and territory wools find few inquiries. Some fine terri tory staple sold at 70 cents and Ohio quar ter ttlood was marked down to 33 cents. Local dealers, while Interested in the new clip, still are loath to pay Western asking prices and buyers have delayed starting. Business In pulled wools is dull, but there is some interest In foreign products. Wool at St. Lools. ST. LOUIS. March 29. Wool Dull. Ter ritory and Western mediums. 23 26c: fine mediums. 18 "9 22c; fine, ll(g18o. Grain at San Francisco. SAJT FRANCISCO. March 29. Wheat, steady. Shipping. $1.8r 1.82. Barley, steady. Feed, $1.35-9 1-374 ; brew ing. . $1.37(8.1.40. Oats Red. $1.451.60; white. $1.60 1.67: black, nominal. ' Call Board Sales Wheat. no trading. Barley May. $1.31: June. $1.25; July, $1.22 W. December. $1.21. Corn Large yellow. $1.64 1j 1.70. New York Cotton Market. NEW YORK. March 29. Cotton futures closed steady. March. 15.16c; April, 15.1Sc May, 13.13c; June. 14.93c; July. 14.90c August, 14.43c; September. 13.61c; October. 13.28c: Kovember, 13.10c; December, llt.lOc; Spot clcsed quiet, five points decline. Middling uplands. 15.30c; middling Gulf, 15.65c. Sale. TOO bales. lried .Fruit, at New York. NEW YORK. March 20. Evaporated ap ples quiet; prices nominally unchanged. Spot fancy. l(c; choice, Sj Scc prime, 8174; common' to fair, ti'jztiWc. - Prunes, dull and easy: quotations ranee from 27i?r:tVic for Calif ornias, 2us to 30s 40s. and 5fijc for Oresrons. Apricots, inactive, " barely steady; loSfc&llc; extra choice. llUfel:Jc; 12il 13c. reaches, dull; ch.o'ice. 6'.46?ic choice, fancy. extra cnoioe. o.rd7c; fancy, 7 sr 7 c. Raisins, dull and unsettled: looso Musca tels, 35?ic; choice to fancy seeded, 7tb Hc; seedless, 3'4c; London layers, U.14S1.25. Grain Markets of the Northwest. TACOMA, Wash.. March 29. Wheat Milling: Bluestem. $1.03: club. 9590c. Ex port: Bluestem, $1.00; club, 99c; red Rus sian. 96c. SEATTLE. Wash March 29. Milling quotations: Bluestem, $l.o; clu. 99c: fife. 99c: red Russian. 97c. Export wheat: Blue stem, $1.03; club, 96c; fife. 96c; red Rus sian. 94c Yesterday's car receipts: Wheat 40 cars, oats 4 cars, barley 11 cars. European Grain Markets. LONDON", March 29. Cargoes, quiet but steady. Walla Walla for shipment. 6d high er. 39s 9d. English country markets, firm; French country markets, quiet. LIVERPOOL. March 29. Wheat March. 8 3d; May. 8s; July. 7s UTid; October, 7s 10d. Weather cloudy. PRICES TURN UPWARD SUBSTANTIAL KALIXT OCCURS IN STOCK MARKET. But Operators Are Uncertain as to the Permanency of the Advance. IJonds Are Heavy. NEW YORK, March. 29. The irregular and shifting movement of the stock market today left some uncertainty as to whether its action dimply measures the completion of steps in the progress of speculation or whether an un usual change in opinions on the outlook was being reflected. The upward turn in prices was coincidpnt with a fall of a cent per bushel in the price of wheat, on news of showers in Kansas and weather predictions of sufficiently general rains to promise the breaking of the drouth. The sudden death of Justice Brewer in view of the vital interest of great corpora tions in cases pending before the court, had some Influence. Opening prices of stocks today dropped un der a renewal of free offerings of the same kind that were in evidence yesterday. The principal changes were in ' the specialties. Mocking Coal -and Colorado Southern first, pre ferred declined 2. the common 1. Westing house Electric 14 and St. Paul, Amalgamated Copper, Union Pacific preferred, and Central leather large fractions. The first sale In United States Steel was 15,000 shares, at a decline of . Later in the diay there was a substantial rally. The bond market did not improve today. Some of the high-grade bonds acted badly. Total sales, par value, $3,77.'i.OO. United States 3s, coupon, advanced per cent on call. Metal Markets. NEW YORK, March 2ft. The market for standard copper was weak- and lower, with spot and all deliveries up to end of May quoted at 12.75 13.0Oc. The English mar ket recovered part of the early loss. Spot was quoted at 58 7s 6d, and futures at foi 10s. Jjocal dealers report a slow demand and unsettled tone, with Lake quoted at 18.00c; electrolytic at 1 3.0(& 13. 25c. and casting, 12.756j: ltt.OOc. Arrivals of cop per at New York were 50 tons today, mak ing 10.783 so far this month. Tin was firm but quiet, spot and March quoted at 32.87 4 Sltll'Uc; April, Sll.Wuffcp 33.10c; May, June, 32.9033.12. Lead dull, with spot quoted at 4.404.50c ft New York and 4.20ft 4.25c at Cast St. Louis. Spelter dull. Spot. 5.50(35.60c at New York; 5. 6 Ofq 5.g2t'C at East St. Louis. GROWERS OF OPIUM REBEL Chinese Troops Hurried to Front and Thirty Are Killed. VICTORIA, B. C, May 29. (Special.) In the country between Amoy and Canton there have recently been serious riots al most amounting to armed rebellion, ac cording to advices from- China by steam ers just arrived. The cause of the outbreak has been the efforts of the Chinese g-overnment to com pel the people to abandon the growing of the opium poppy. On the first out break 260 troops were sent into the dis trict, but 30 of these soldiers were killed. Other troops are now being hurried to the front. On many of the Chinese one-man farms ft Is very difficult in a poor season to make a living at all. When the crop fails, as It frequently does, there is fam ine. Now that the price of opium iiaa soared beyond all thoughts of the grow ers, they are very severely tempted to continue the business, but the govern ment officials are firm. It was hardly to be expected that so sweeping l reform could be introduced without some trouble of the kind. A telegram received at Yokohama short ly before the Just-arrived steamer left that port stated that about 1000 refugees had arrived in Hongkong from the neigh borhood of Canton and that 60 people had then been executed. The telegram fur ther intimated that the trouble was practically made an end of. WIRE NAILS UNITE BONES Surgeon Fails, to Clinch Ein, and One "Works" Out of Leg- GHESHA1I, Or., March 29. (Special.) Because the wire ,-nails used to unite the broken bones of his leg were not properly clinched by the surgeon who performed the operation, they "worked" out, and- F. M. Morgan, tie inspector for the O. Ft. & N., at Boring, is confined to his home, and it is feared a second operation will be necessary to mend the injured limb. The -break is not a new one, the injury resulting several years ago in Colorado, Mr. Morgan says the physician who at tended htm at the time drove two ordi nary wire nails through the splintered one ind then wired the break together. The bones grew together all right, but left the leg shorter than its mate and Mr. Morgan suffered no great inconveni ence until lately when one of the nails, which the doctor had forgotten to chinch, worked loose and was Kticking through the flesh. -The refractory nail was pulled out with a pair of pinchers and the leg is getting well again, but Mr. Morgan is not sure that the other was clinched or that the wire was twisted properly and is in dread of having to- undergo another sur gical operation before he will be eatis tled that he is entirely sound and well again. A Booklet for Investors. The Harriet Trust & Savings Bank. 204 Dearborn street, Chicago, has is sued a booklet entitled "Bonds for Safe Investment," intended for the use of persons planning to invest in bonds for the first time. It's , aim is to explain in simple terms the purpose of various classes of bonds, and to indicate the value of bonds as safe investments for individuals, as well as institutions. Copies may be had free upon request. London has 2151 miles of streets and 800 miles o tramways. IS With Rain in Southwest, Wheat Prices (Jive Way. HEAVY CLOSE AT CHICAGO Large Quantities of Grain. Are Thrown on the Market by Longs and There Is Also Free Sell ing for Short Account. " ' CHICAGO. March 29. Likelihood of a general break in drouth conditions South west and literal sales of wheat today re sulted in declines ranging from Hie to lC''l'c, compared with yesterday's finat figures. At the close the net- decline was from (fp?ic to lc. Corn and oats fol lowed Wheat' In the downward plunge, but regained ail loss, closing figures on each being 14c to Vic above previous close. Pro visions closed heavy. The official Federal forecast of precipita tion in the Southwest Induced liberal sales today, and resulted in declines. At the close the net decline was from $ilc to lfic. A great amount of wheat was thrown on the market by leading longs and there was also free selling for short account. Selling pressure centered In September, although there was also liberal selling In July. The decline was helped along by In creasing receipts at all primary points. Late in the day a fair rally occurred on cover ing by shorts and on buying, based on re ports which belittled earlier dispatches tell ing of rain In Kansas. September, after selling off to Jl.04. closed at 1.04T4. No. 2 red. 41.1716! 1.20: Xo. 3 red, $1.131.17; No. 2 hard, $1.12 Hl-lr No. 3 hard. $1.07 1.13. Mav opened at $1.13 to 1.13H: high, $1.13i; low, $1.12; closed, $1.13ii; July. $1.47s. After an early decline, the corn market rallied 011 buying by shorts, who were forced to cover, owing to brisk demand for corn by prominent lonprs in wheat. The adva-nee was lc above the low cclnt. Cash corn was in poor demand and declined k,-?c to lc. Options closed firm near the hih point of the dav. OlftKUic: No. 2 white. :iai4c: No. 2 yellow. 62S2'Ac; No. 3, HO 060 He; No. 3 white. 61 4 62c: No. 3 yel low. Hlc. May opened 620 to G2c: high, tio'.ic: low, 02-74,c; closed 63sC. July, en' c. Buying of May oats by elevator interests caused a suhftantlal rally following con siderable weakness at the start. The close was firm. No. 2 white, -itic: No. 3 white. 42-if45c: standard. 43 H 045 c. May opened at 43 high, 44c; low, 43 kc; closed. 44c. July. 42 c. The leading futures closed as follows: WHEAT. Open. High. Low. Close. May U.13 1.13 1.12 1.134 July 1.08vs l.OTii Sept 1.05 rs 1.04 CORN. ; May .S2i .631,4 .624 .SC July 65',, ..... ....... .3Vfc OATS. May .44 .43H .44 July .399s 42'4 Receipts. Shipments. Flour, barrels 32,900 . 24.500 Wheat, bushels 56,400 17.500 Corn, bushels 210.000 271.500 Oats, bushels .'TiS'.OOO 197,100 Rye. bushels 5.00O Barley, bushels ....... .160.500 50,900 FAullNE DUE III CHINA AVITH CROPS SOW FAILURE ' 1,000,000 MAV SUFFER. Floods o Month Ago Wash Out Paddies and at One Place Riot and Bloodshed Have Resulted. VICTORIA. B. C, March 29. Captain Wilcox Smith, for many years a navi gator in Chinese waters, says that fam ine will stalk at the headwaters of the Yangtse this season, probably 1,000,000 Chinese being affected. The crops have been a failure, the floods of some months ago having washed out the paddies, and already the shortage is being severely felt. At TunkchianghBien the impending famine has already resulted in rlotin and bloodshed. It had been anticipated that there might be trouble when he government granaries were opened for the receipt of the tax rice. The people sought to have the tax remitted on ac count of the failure of the crop. The of ficials agreed to remit the tax of those who had no crop at all, but demanded that those who had any crops should pay. When the day for payment arrived, crowds of the destitute began to gather, clamoring for food. Soon there was a "great mob jammed outside the city gate. which was closed and guarded by the soldiers brought in by the local magis trate in anticipation of trouble. After some rioting the soldiers fired blank cartridges to frighten away the mob. The rioters responded with brickbats, stones, etc., and the troops then opened fire with ball. At first they fired above the heads of the people and one man was wounded. Then they fired to kill. The magistrate then appeared on the scene and ordered a cessation of hos tilities. Me told the people to come to the Yamen and state their grievances and they would be heard. They did so. bringing the men killed and wounded by the soldiers and laying them on the floor before the magistrate. One man was called upon to speak for all. He shouted. ranted and suddenly called upon those present to seize the magistrate. That official escaped by a side door, and tbe throng then ransacked the Yamen. The rioters afterwards attacked some river gunboats and burned one. They did not have charge long, however, reinforce mentg of troops arriving and putting down the uprising the following day. , There is much grievous poverty and as is usual, shortage of food Is followed by troublous times. A writer in the Shanghai Mercury says: '"There is plenty of poverty In the district, and starving people are coming in daily from the north and northwest Our man serv ant came in yesterday from the street describing a heart-rending case of a boy having been frozen to death during tho night near a temple close to our house. Rolled up in a mat ready for burial, with the motiier weeping and entreating by the side oC the body, wearing the white mourning cloth for her son, it seemed truly an object to move passers-by to compassion. She collected substantial help, but after some time the poor 'body in the mat got hungry, sat up, and said he wanted something to eat, too. And so the ruse was disclosed." RICE TALKS AT ASEDFORD Manager of National Apple Show Seeks Oregon Exhibit This Fall. MEDFOED, Or., March 29. (Special.) Ren H. Rice, of Spokane, manager of the National Apple Show, will address the fruitgrowers of Rogue River Valley at the Commercial Club rooms tonight and try to interest them in the matter of exhibiting at the National Apple Show at Spokane next Fall. Some disappointment is felt by the of ficers of the Rogue River Valley Fruit DROUTH BROKEN THE UNITED STATES "NATIONAL BANK PORTLAND. UNITED STATES DEPOSITORY Capital . . . $1,000,000.00 Surplus and Profits $725,000.00 OFFICERS J. C. AINSWOETH, President. B. LEA BARNES, A, M. WEIGHT, Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS Drawn ON ALL FOREIGN COUNTRIES TOMORROW, Is the last day that the stock of the Necarney City Hydrocarbon Oil Stock can he bought for $2.50 per share. After that date the price will be $10.00 per share and the eompam still reserves the right to withdraw the unsold stock from the market at anv time. "We predict that this stock will lie selling for at least $500.00 per share wihin i)Q days. N. C. H. OIL CO. BTULTHC Combines the inherent stability of the mineral aggregate with the cementing qualities of the bituminous cement, and produces a smooth, dustless, waterproof pavement, niakng 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 CONNELL, 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. CORXCll SIXTH AND OAK. & Produce Association on account of tha lack of Interest taken in the project. Subscriptions are slow in coming in. none of the orchardists of Ashland or Grants Pass having signed. The object of the association is to secure a more equitable -return to the growers of the valley than they have been getting from commission men and buyers. EIGHT GIRLS TAKE ICY DIP Portland Academy Students at Sea side Bathe in Xecanicnm. SHASIDK, Or., March 29. (Special.) Eight plucky little girl students of Port land Academy, passing Easter week at Seaside, bathed end swam in the icy cold waters of the Necanicum River, about a mile above Seaside, yesterday afternoon. Auburn-haired Zola Parker made the suggestion and the octet, gathering as sorted bathing suits, pattered through the meadow and dived into the chilly waters. Not one flunked, and, though their teeth chattered with the cold, they remained in the water until they finally said they were enjoying, themselves. While swimming In the sea Is not un pleasant at this time of the year at Sea side, the eight young women are the first known to have tackled th Neranl- Bonds Investments Timber Lands McGrath & Neuhausen Co. 701-2-3-4-5 Lewis Bldg. PORTLAND, - OREGON OREGON R. W. SOHMEES. Casiier. Vice-President. W. A. HOLT. Assistant Caslder. MARCH 31st POHTLASD, (OREGON. cum River, at any rate this early In the season. Zola Parker, Margaret Malar key, Catherine Hart, Mary Brownley. Linette Ferjju.'yin, Martha Whiting and Sara McCulley made the dip. All are under IS years of age. Stliool District Divided. OREGON CITY, Or., March 29. (Spe cial.) The district boundary board this afternoon divided the Maple Lana school district, creating a new district out of a portion of Maple Lane, Mount Pleasant, Iceland and rienrici districts. This means that there will be a new schoolhouse in the new district. The people of Maple Lane will also con struct a new building, as originally planned, bonding the district for that purpose. TRAVELERS GUIDE. All Modern Safety Devices (Wireless, Etc.) IXN DON PARI 8 HAMli L KG A. M. ffGrf "W'aMersee Apr. Cincinnati. . .April 23 IKals Aug Vic. Apr. 10 tAmerika. . . .April 'M Blueolier . .. -April 2! "Pre. (Jranl. . ..May 4 ires. Lincoln-Apiil 23!IHennsylvanla.May li tRltz-Carlton a la Carte KttstauranU Hamburg- dirct. I TP A t "V GIBRALTAR. 1 AL Y "tS" 8. S. HAMBI'KG March. 2i, 12. noon S. S. MD1.TKK April IB S. S. BATAVIA (Naples only) May S Hamburg-American Line, lfiO rowell St., San ! ranciheo, Cal. and Local R. K. Aeenta in Portland. SAN FRANCISCO PORTLAND STEAM- BH1F W.MrA.W. Only direct steamers and daylight sailings From AinswoVth dock, Portland, U A 11. 8.K. Kanttas City. Apr. 2. IB. S-S. Hone City. Apr. B. 2Si. Krom Pier 40, San Francisco. It A. M. 8.S. Koiw City. Apr. , 10. S.S. Kansas City, Apr. 9. 23. M. J. ROCHE. C. T. A.. 142 Third St. Main 402. A 1402. J W. HANSOM. Dock Agent. Alnsworth Dock. Main 268. A 123. San Francisco andlosAogeies Direct North Pacific S. S. Co.'s steamships Roan oke and Bluer sail alternately every Tues day at 8 P. M. S. S. Santa Clara sails for Kiireka and San Francisco March 2K April fl. 23, May 7. 21. at 4 P. M., from Martin's Dork, foot of J7th St. Ticket office 132 :fd ml. Phones M. 1 3 14: A 1314. H. YOUNQ, Agent. COOS BAY LINE The steamer RAMONA leaves Portland every Wednesday, 8 p. M. from Alnsworth dock for North Bend, Marsh field and Cooa Bay points. Freight received until 0 P. M. on day of sailing. paascnger fare, flrat class, $10; second -class, $7. including berth and meals. Inquire city ticket office. Third and Washington streets, or Alnsworth. dock. Phone Main 203.