Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 13, 1910)
THE MORNIXq , OREGOXIAN, WEDNESDAY. JUL.Y 13, 1U1Q. 17 MARKET M STAKE Oregon Hops Must Be Picked Clean or Will Not Sell. EASTERN TRADE'S NOTICE Reputation of This State Almost Ixst by Last Year's Slovenly Pick ing Crop Conditions .Are Good. Julius Wolf, of Silvcrton. hop dealer and fcrower, returned yesterday fmm-a month's v!sit to New Yprk and other Kastern cities. Mr. Wolf saw a large number of brewers and dealers on his trip and without excep tion they complained to him of the poor manner In which Oregon hops were picked last' year. Mr. Wolf said: "The Kastern people gave me plainly to understand that unless Oregon hops are picked clccuaer this year, there will be no market for them. They are going to dis criminate against the slovenly packages of loaves and stems which some of the Ore gon growers put up as hops. Salesmen that I met told me that as soon as they men tioned Orcpon hops there was nothing doing, yet they found no trouble in interesting; the brewers in California or Washington hops. The time has certainly come this year when the Oregon hop growers must pay attention to this matter, for with another dirty crop like that of last year's put on the market, Oregon's reputation, for hops will be entire ly gone." Crop conditions the world over are in the main favorable. In .Oregon the yards conld scarcely look better than they do today and in the other Coast districts the prospects are generally good. - The Kew York crop does not appear to have suffered much from the hot wave, according to advices re-, ceived yesterday. Cables from Xrondon were to the effect that the weather in England and on the Continent has again become fa vorable. There was some inquiry in the local mar ket yesterday for 1909 hops and several lots were reported to have changed hands, but the particulars were not made public The demand for contracts was slow. LE.MOX SUPPLY IS KCKXIXG LOW. Stocks Will Give Oat Before the Week Is Over. There Is going to be a lemon famine in this market before the week is over, -regardless of the weather. At the advanced prices yesterday business was heavy and stocks were reduced to small compass. The demand was active for all lines of fruit, and supplies were rather light. A car of watermelons arrived in the forenoon and sold quickly and three more cars dame in last night. The street was bare of canta loupVs. Berries were also in light supply. The first straight car of Elberta peaches was received from California and sold at $1,25 in large boxes. Crawfords were steady at 75jS5 cents in regular boxes and Oregon clings- were plentiful at 4073 cents. A car of fine Hartlett pears arrived from the south and were put on sale at $2.25 Q? 2.50 per box. A circular letter from the California Fruit Distributors says of Cali fornia pear shipments: "The heavy move ment of Bartlett pears from the Sncramen to River is now on. Xext week will see the height of the movement, after which a de cline may be expected, followed closely by shipments from Suisun and Vacaville." The fruit is cf fine quality this year, of good size and free from defects and is giving universal satisfaction wherever received. Grape crop prospects in California are re ported by the Fruit Distributors as follows: "Four or five days tof unusually warm weather have undoubtedly reduced the grape crop somewhat, some localities reporting a loss of 23 per cent. This is not. . however. In sections that are noted as heavy pro ducers and while there has undoubtedly been some loss there will be plenty of fruit left. Fontainbleau is the only variety now being offered, but black grapes should put in an appearance within the next ten days." EXPORT KLOI R IS 20 CENTS HIGHER. Patents Are Not Advanced, but Market Is Very 'lrm. Export flour prices were advanced 20 cents a barrel yesterday to $3.80. Xo change was made in the price of patents, but as unfavorable reports are coming from some sections of the interior as to the condition of the wheat crop, it is possible that the price of patents will go higher before long. There is a fairly good foreign demand for flour, but the buyers are offering lower than going prices. A good business could have been done yesterday at the old quo tations. The wheat market was very firm and very quiet. Farmers were not in the mar ket at the current quotations. ' Local receipts, in cars, were reported by the Merchants Exchange as follows: Wheat Barley Flour Oats Hav Monday 25 2 -jo a j Tuesday lo 12 12 Year ago . . 4 Season to date. 12a 3 5 105 2:t 5:t Year ago 35 3 47 14 20 VOLUME OF HIDE TRADE IS LAftOER. But Prices Show No Improvement and pros pects Are Not Bright. There has been no improvement in the hide myket since last week; advices from the East being discouraging, and holding out no prospect of better prices in the immediate future. There is & more active movement locally, however, as butchers have begun to let go more freely, and some of the local dealers have also been selling on a large scale. The market for pelts holds about steady, local dealers paying 10 cents for dry pelts laid down here. Very little business is passing In the Valley wool market. Farmers and other holders are not disposed to accept the prices offered. Xot over a third of the Valley clip has been sold to date. Canada Buys More Eggs Than Country Sella. According to Vice-Consul-General P. Gor man, of Montreal, last year the Dominion of Canada exported 552.850 dozen eggs, while there were imported from United States, Russia. China and Japan 1.136,120 dozen. It is estimated that with an average of 75 birds per farm, or 60.000,000 for the whole of Canada, there would be a profit of $60,000,000 a year, which shows the great Importance of this Industry. At present there are said to be less than 25,000,000 fowls In the country. In fact, wheat and cheese appear to be driving meat produce off the farms. , Chickens Strong at 20 Cent. Keceipts of chickens were large yesterday, two Arms alone receiving over 40 coops, but the supply was not .equal to the demand. Hens sold readily at 2b cents and many more could have been disposed of At that jprtce. Springs brought 23 cents. Eggs were moved with difficulty, but stocks on the street were not large enough to depress the market. The butter market was very firm with the available supply light. 1 Bank Clearing. P.&nk clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $ l.:2.f.S $ 1 H0.95 Seattle 2,475.44: 209,095 Tacoma. i'52,727 71.11K Spokane 754.991 9S.G15 rORTLAND MARKETS. Grain, Floor, Feed, Etc. WHEAT Bluestem. S7?Sc; club. 83-84c; red Russian. 8tc ; valley. 84c. FLOCR Patents. $3. 13 per barrel; straights. $4.54.75; export. $:.0; Valley, $5.30; graham, f4.8Q; whole 'wheat, quar ters. $5. BARLEY Feed and brewing. $19?0 per ton. -. HAtw-Track prices; Timothy,. Willamette Valley. $20 21 per ton: Eastern Oregon, $2224; alfalfa, new, $13 14. CORN Whole. $32; cracked, $33 per ton MILUsTUFFS Bran, S20 per ton; mid dlings. $.'0; shorts, $2122; rolled barley. Jli4.5025.50. OATsi Xo. 1 white. $26 (3-27 per ton. Dairy and Country Produce. BUTTER City creamery. extraus, 3c; fanry outside creamery, 2!i3r30c per pound; store, 2:ic. (Butter fat prices average Xhk per pound under regular prices. 1 EtldS Oregon casdled, 2c per do.; Eastern, 23c CHEESE Full cream twins, 1717c per pound; Young America, 1818c POULTRY Hens, 20c; Springs, 22 f$ 23c; ducks. 1 4 fa 1 5c : geose. i Q& 1 lie ; turkeys, live. 2ic; dressed, 22 a &25c; squabs, $3 per dozen. $ PORK Fancy. 12130 per pound. VEAL Fancy, ll&ll&c per pound. Vegetables and Fruits. CREEN FRUITS Apples, Oregon New town, $2 per box; new. $1.75'&2 per box; cherries 5U 12 V.c per pound ; apricots. $1.25:51.50 per box; plums, $1 1.25 per box; pears, new, $l.502.50 per boxj peaches. 40cU $1.25 per box; grapes, $1.7a per hox. BERRIES -Raspberries. $1.25gi 160 per crate ; loganberries, 75c $1.25 per crate ; blaskberries, $1.75ii 2.25 per box. MELON'S Watermelons, 2c per pound; cantaloupes, $3. 503.75 per crate. TROPICAL. FRUITS Oranees. $2.504; lemons, $7Crf8; grapefruit, $3.25iS per box; bananas. per pound; pineapple. 7tfac per pound. VEGETABLES Artichokes. OO0i75c per dozen; beans. Iff-3c per pound; cahbage. 2 i ;2'.:C per pound; cauliflower. $2 per dozen; celery. 90c per dozen ; corn, 45c per dozen ; cucumbers, 80 1 00c 'per box; egg piant. 12 Vic per pound; hothouse lettuce, 50cti J per box; garlic, 10(6120 per pound; horseradish. 8 )) lic per pound ; green onions, 15c per dozen ; peas. 2c ; peppers. 75c per dozen ; radishes. 15 0:20c por dozen; rhubarb, 2c per pound; squash, 75c per crate; tomatoes, 75c& $1.50 per box. HACK VEGETABLES Carrots, 85c $1; beets, $1.50; parsnips, 75c$l. POTATOES Old Oregon. 75c$l per hun dred; new, lc per pound OXIO.NS Walla Walla. $2.50 per sack. HEAVY TRADE IN FRUITS MELOX SUPPLY AT SEATTLE IS XOT SUFPICIEXT. Cantaloupes Weaken in Anticipation of Larger Keceipts Ejgs yFirm but Not Likely to Advance. SEATTLE. Wash., July 12. (Special.) Although cantaloupes held steady today at $3.50 (ft 4 for good stock, the market had a weak undertone, due largely to the ex pectation of more liberal receipts during-the next few days. Watermelons moved with great rapidity today. Dealers could have disposed of two more carloads had they been available. The price held at 2 cents per pound. , Peaches and other small fruit moved bet ter and prices were not materially changed, although freestone peaches did not sell above 90 cents. The presenc on th market of much off-grade stock is depressing prices! A new method of selling pineapples has been adopted by several firms. The fruit Is sold by the pound instead of by the dozen. lemons were quoted higher at $8. California celery was offered i' $1.50 per dozen. Produce receipts tts T.Tlivy, aggre gating 9 straight carloads. Poultry was very scarce. Receipts were nowhere near equal to the demand. Farm ers appear to be too busy to ship. Eggs were iirm, but there Is a strong sentiment against advancing the price at this time. Butter was steady at the new price. Veal receipts were ' large, but the demand was brisk. Wheat was not as strong, but yesterday's prices prevailed. Barley dropped back to $21. but oats held at $23.50 as the top. SAN FRANCISCO QUOTATIONS. Produce Prices Current In the Bay City Markets. SAN FRANCISCO. July 12. The follow ing prices were current lu tho pruauc mar ket today: Butter Fancy creamery, 20Vc; creamery seconds, 28c; fancy dairy, 27c Cheese-:-New, lofil3!c; Young America, 15310c Eggs Store; 27o; fancy ranch, 2S',f;C. Poultry Roosters, old, $5Zrru: roosters, young, $710v broilers, small, 2.25(J. 3.00; broilers, large, $3.253.5u; try era, $5ga; hens, $5& 10; ducks, old. $4.50&5; ducks, young, Vegetablej Cucumbers, 1575c; garlic, 3 4c ; green pea. 3a 4c ; string beans, 4c ; asparagus, nominal; tomatoes, 2ocfc 41.25; egg plant. UrGc. Hops California. llt?14e. MillmufEs Bran, $32&33; middlings, $28 31. . Hay Wheat, $914; wheat and oats, 99 12; alfalfa, $7& 10; stock, $5&7; straw, per bale. 404&65c Fruit Apples, choice, T5cff?$1.25; apples, common, 35a5uc; bananas, 75c4$3; Mexican 1 imes. $66.5u ; Ca 1 if orn ia lemon, $2&4) ; or angea, navels, nominal; pineapples, $2.5T3j 3.50. Retfelpts Flour, quarter sacks, 5132 ; Wheat, 1105 centals; barley, 0245 centals; oats, 10 centals; corn, GO centals; potatoes, 3525 Eacks; bran, 50 sacks; middlings, 3400 sacks; hay, 280 tons; wool, 200 bales; hides, 320. Metal Markets. NEW YORK, July 12. The market for standard copper was weak, with spot. July, August, September and October closing at ll.50foll.00c. London, weak; spot, 52 ls 3d; futures. 53 8s 9d. Arrivals at New York, 2220 tons; custom-house returns showed exports of 2105 tons, making 8207 so far this month. Local dealers report no change in market for spot copper, uuoting Lake at 12.024 S 12.87 hzc; electrolytic at 12.25')12.50c; casting at 12.12 V2 fci 12.25c. Tin. dull; spot. 32.25 32.50c; July, 32.20 (f?;:2.50c; August and September, 32.20 S2.35c; October, 32.2032.5Oc. London, easy; spot, 147 15s; futures. !4'.l. Lead, steady. 4.35 iv 4.45c New York ; 4.20 fr4.27c East St. Louis. London, spot, 12 lis 3d. Spelter, dull. 5.505.00c New York; 4. 05 (ff 5.00 East St. Louis. London, spot, 22 7s 6d. Iron, 4Ss 10l4d for 'Cleveland warrants in London. Locallv iron was quiet: N'o. 1 foun dry Northern, $10.5Ofi) 10.75; No. C. $10.u0 (&1G.25; No. 1 Southern, $16.2510.75; No. 1 foundry Southern soft, $16.00& 1G.25. Oally Treasury Statement. WASHINGTON, July 12. The condition of the 1 reasury at the beginning of busi ness today was as follows; Trust funds Gold coin $SG3,S27,S.9 Silver dollars 401,0';0.0eO Silver dollars of 18iH :i,6ft.0o0 Silver certificates outstanding . . 401,000,000 General fund Standard silver dollars in gen eral fund 505,657. Current liabilities 103,143,021 Working balance In Treasury offices . . 30,177,723 In banks to credit of Treasurer of the United State 30,722.401 Subsidiary silver coin, 3 0.748. 1S5 Minor coin 1.2o;,;5! Total balance in general fund . .102,342, M)tf Dairy Produce in the Fat. CHICAGO. July 12. Butter, firm. Cream eries, 24'tz 2Sc; dairies, 2320c. Eggs, steady ; receipts, 18,315 cases; at mark, cases included, 2Qq 14c; firsts, 15c; prime firsts, 17c. Cheese, steady. Daisies, 15 H ? 15 4 c ; Twins, 1 5 15 H c ; Young Americas, 15 , 4? ltt.; Long Horns, lSCslGc. NEW YORK, July 12. Butter, firmer. Creamery specials, 29&30c; extras, 23i C 20c. Cheese, firm, unchanged. Eggs, firm. State, Pennsylvania and near by hennery, white, 27(tfiiic; do, gathered white, 24 211 c. Changes in Available Supplies. NEW YORK. July 12. Special cable' and telegraphic communications received by Bradsu -ee.t's show the following changes in avallablesupplies as compared with previous statement; . . , Bushels. M heat, l.nited States east Rockies, decrease . . . B4 5,OOu Canada, increase . " yiij00 Total United States and Canada in crease 4S3.000 Total American and European sup ply, decrease 3.701,000 Corn, United States and Canada, de crease ....... 647. 00O Oats. United States and Canada, de crease 304.000W New York- Cotton Market. NEW YORK. July 12. Cotton Spot closed quiet. Mid-uplands, 13.45c; mid-gulf, 16.70c. Sales, 2200 bales. .Futures closed easy. Closing bids: July. 15.43c; August, 14.04c; September, 13.30c; October. 12.65c; November, 10.51c; December. l2.4Sc; January, 12. -14c; February, 12,44c; March, 12,4.6c; May, 12.0, RAiNS ARETQO LATE That Is the Verdict of Wheat Traders at Chicago. PRICES ARE PUSHED UP September Closes Over a Cent High er Experts Ketluce Their Ksti- niatcs of the Outturn In the Spring Wheat States. CHICAGO. July 12. Unresponsive to ram was the verdict today against Spring wheat. Expert opinion to that effect turned tho market here topsy-turvy and resulted In a clear advance of to 1-ic a bushel. Corn and oats became firm in sympathy and closed at prices varying from last night's level to c hiffher in the case of the former and to c up for the latter. Hog products swung in tho opposite direction, finishing 10 to 22HjC down. Latest quotations for wheat were the top most of the dny. One expert, who is trav eling in the Northwest for a Chicago firm, reduced his estimate on the North Dakota yield 10,000.000 bushels and indicated "that with the crop- in outh Dakota and Minne sota, the total would be only 140.000,000 bushels as against 103,000, OOO bushels, the inference from the Government figures. The output of the Canadian. Northwest was put at 75.000.000 bushels, compared with 147, OOO.ooo bushels, the officia total last year. Early news had been quite . he other way. Keceipts at Winnipeg were mere than twice as large tsls on the corresponding day 1 months ago. Primary receipts were large, especially in the Southwest. Country sales of new. wheat here were liberal, too, and there were rains over night in the Spring wheat states. The report of the North Da kota Commissioner of Agriculture was in terpreted as meaning that rain had bene-lit'-id wheat there materially. All these Influences, thoueh, seemed to count for nothing. A sharp decline in val ues that had taken place early in the ses sion was wiped out and quotations were chalked upward almost constantly the rest of the dav. September ranged between Jl.01 and $1.03, closing lc to lH4c net higher, at $1.03 to $1.03. September corn fluctuated from 58 to 59rj4,c, finishing at 59c, a gain of c. The cash market was steady. No. 2 yel low closed at 01 s & 61 c. In cats, covering by yesterday's sellers was a feature. The low and high points on September for the day were 3Sc and 38 vc. at the close He net higher, at the last-named figure. Final sales showed pork off 22ic: lard, 10 to 12V.C and ribs 12 to 17Vsfi'20c. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. July $1.04 $1.05 $1.03 $1.05 .Sept 1-01 1.03 1.01 1.03 Dec 1-02 1.04 V. 1.02 1.04 May...... 1.06 1.07 1.05 1.07 CORN. July .57 .58 .57 .54 Hept 5 .59 .53 .59 Dec 57 .57 .56 .67 May 58 .59 .58 .59 OATS. July 40 .41 .40 .41 Sept 33 .38 .38 .38 Dec ' ,39-. .39 .39 .39 May 41 .41 .41 .41 MESS rORK. Sept 21.65 21.65 21.45 21.50 LARD. July 11. SO 11.80 11.65 11.57 Sept 11.85 11.85 11.72 11.75 Oct 11.72 11.72 11.60 11.62 SHORT RIBS.' July 12.25 12.30 12.20 12.20 Sept 11.S0 11. SO 11.62 11.65 Oct 11.17 11.20 "11.05 11.05 Total clearances of wheat and flour were equal to 32,000 bushels. Primary receipts were 355,000 bushels, compared with 146, 000 bushels the corresponding day a year ngo. The world's visible supply, as shown by Bradstreet's, decreased 3,716.000 buBhels. Estimated receipts for tomorrow: Wheat, 9 cars; corn, 91 cars; oats, 61 cars; hogs, 20.000 head. m Receipts. Shipments. Flour, barrels w 13.00 12.900 Wheat, bushels 25.800 125,200 Corn, bushels 315.000 190.150 Oats, bushels 245,600 321.400 Rve. bushels 2. 0O0 Barley, bushels 45,000 6,400 (ruin and Produce at New York. NEW YORK, July 12. Flour, quiet and steady. Spring patents, $."". titKq5. 85; Spring clears. $4.35 ?i 4.60. Receipts, 40,784 barrels; shipments, 4340 barrels. Wheat opened easier under commission house selling on confirmation of the reports of good rains iri the Northwest, but the market developed decided firmness on the strength in the outside markets and re duced crop estimates in the Northwest, clos ing at 1 'filmic net advance. July closed $1.11 ; September, $1.08 : December, $1.4W. Receipts, 51,200 teushels. Hops Dull. ' 3 1 ides Easy. JVtrolium Steady. Wool -Quiet. Grain at San Francisco. SAN FRANCISCO, July 12. "Wheat Firm. Barley Firm. Spot quotations: Wheat Shipping. $1.55 r.57 per cental. Barley Feed. $1-02 Q 1.05 . per cental; brewing, $1.07 & 1.10. Oats Red. $1. 1 7 1 -32 per cental ; white, $1.45 rtx 1.50; black, nominal. Call board sales: Wheat No trading. Barley December, $1.10 per cental. Corn Large yellow, $1.57 t 1.60 per cen tal. Minneapolis Grain Market. MINNEAPOLIS July 12. Wheat July closed $l.ol; September, $1.11; December, $i.ou. Cash: No. 1 hard. $1.10; No. 1 N'orthern, $1.17 i 1.19 ; No. 2 Northern. $1.1514 1.17; No. 3 Northern, $1.12 1.14 . " Flax closed $J.1'J. Corn.'Xo. 3 yellow, 57'?i;5Sc. Oats, No. 3 white. 4344C. Kye. No. 2, 72 73c. European Grain Mivrkets. LONDON. July 12. Cargoes, quiet but steady. Walla Walla for shipment, la high er. 34s 6d. English country markets, firm; French country, markets, quiet. LIVERPOOL, Jtfly 12. Ctcse: wheat July. Os 1ml; October, Gs lld; December. 7s d. Weather - warmer. Grain Markets of the Northwest. TACOMA, July 12. Wheat: Rliiestem. SSc; club. 83c. Receipts of yesterday: Wheat 4 card, -oaui 1 car. SEATTLE. July 12. . Milling quotations: Biuestem, 85c; forty fold, S5c ; club. 84c; Fife, 84c; red Russian. 81c. Export wheat: Rlue tem, 62c; forty fold. S2c; club, 81c; Fife, 81c; red Russ-ian, 70c. Yesterday's car re ceipts, wheat 9 cars, oats 2 cars, barley 4 car GOFPER STOCKS WEAKEN FOLLOW DOWNWARD COURSE OF THE METAIi MARKET. German Foreign -Office Statement , Produces an Unpleasant Sensa tion in Wall Street. NEW YORK, July 12. Stocks suffered re action in today's market after rifting In tho early dealings to about the high level re wound which had been in progress for sev eral days. 1 he movement was not accom panied by any notable change in the news of conditions. tut there was distinct decrease In demand at the higher levels, incident to he reduction of the short interest and the disinclination of tmyers of a more substantial kind to folKiw tho rise in prices in face o the uncertain views of the conditions in dicated by the six months of falling prices of stocks. The copper stocks were the vulnerable spot in the list, AmalKanmted Copper falling to a new low level for the year in consonance with a further decline o the price of copper in London. This special weakness had sym pathetic effect on the general list, but the nal ftblich..ry"lt1 f a downward tendency In the price movement had the effect of re vivin some feeilng of disquiet over the general business situation. The tone of a statement, said to .have been issued on behalf of the German Foreign Of fice regarding diplomatic relations in Cen tral and Soutn .Vuierica was the decisive in uence In shaping the later movement of stock prices. The tall in prices of copper metal to new low levels in Jondon and reports of price concessions also in the New York copper market put a bad face on the situation in that Industry and on the earning prospects of -jompanies concerned in tile mining and sale of the metal. The weakening erlect of the liquidation in the coppers ana the hesi tation of buying on account of tho extent of the rebound, made tho market -sensitive to the reported . utterances uf the German Foreign Office. The report was so circuinr stantial in giving official sanction to the statement and the statement itself was, at the same time, so provocative in tone, as to throw some feeling of consternation Into the market and there was some hasty throwing over of stocks. The direct contradiction in the toneof tho utterance to the conciliatory statement on the subject from the same source earlier in the day served to throw suspicion on It and the lack of reliable continuation left the report discredited and induced the shorts to cover and rally the market. The earlier de clines were only partly recovered, leaving last prices below last night, but with the tone o.uite steady. Crop news, money market conditions, the gold import prospects and other factors which have figured in the late market-w ere supplanted by the technical position and the German senbation. Bonds were irregular. Total sales, par value, 1.4t3.oJ0. Lnited States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Allla Chalmers pf -'i Anval Copper .... 53,500 5sji 50 5i Am Agricultural .. lot) w 4 aa-Ji Am Iieet Sugar .. 4U0 ol SlVa s1' American Can .... 1.2TO Vj SJs Am Car & Fdy .. l,4(rt SOJs 4l 4t7. Am Cotton Oil .. 1"0 iiK'.i Am Hd & Lt pf. loo 30i KlBi ".U Am Ice Securi .. 4uo 1'4 i4 -3 Am Linseed Oil -. Am Locomotive 3il Am Smelt t Kef.. 15,5.30 B!4 do preferred ... loo 101 101 101 Am Steel Fdy 5- Am Sugar Kef .. . 118 118 is 118 Am Tel & Tel l.aoo 133V& 13i 13Vi Am Tobocco pf Am Woolen 2o0 28 27 Anaconda iiin Co. 1.SOO 3ii4 :i5K :i5:1s Atchison Io,5l0 !! UT !)? vs do preferred 2oo lotiVs !'-Ts H AM Coast Line ... 100 111 111 10U Halt & Ohio 1,'JoO lOTJs 107 l"'7Vi Lethleheni Steel 22 lirook linn Tran. 1.1 !MlO 78ti 78 70 Canadian Pacific .. 2 7u 18Si-j lbiia 1ST Central Leather 600 33 32 32 Vi do preferred lol Central of N J.. 400 270 2Hf 2u." Ches & Ohio .... 6,000 74!i 72 72.i Chicago Ac Alton.. 100 24 24 22la Chicago Gt West. 300 24 23 ii 23 do preferred ... ' 40 Chicago & N W ... 1.5IM) 142 141 140 V, C, M & St Paul ... 12.SOO 123" 120 12t C, C, C 4 St L 76 Colo Fuel & Iron.. 500 32 32 31 -5i Colo & Southern.. - 54' Consolidated Gas.. 67BOO 134 131 14 132 Corn Products ... ooO 141 14 14 Del & Hudson l.COO 15'J 150 103 S L & R Grande ... 000 30 VJ 30 30 do preferred . . . 3U0 71 70 70 Distillers' Securi.. 2i 0 28 Ji 28 4 28 Krie 1.4O0 25 24 Vj 24 !a do 1st preferred 40 do 2d preferred - 30 General Electric .. 3oO 141 141 140 - Gt Northern pf ... 6;40O 123'5i 122 1224 Gt Northern Ore .. 1,600 51 50 61 Illinois! Central ... li:0 13o 13o 12SU Interborough Mg., 2.700 18'4 17 ' 17 Vi do preferred . . . 6,S0 52 Do";, 50 v,, Inter Han-ester .. 7i o 94U 0,'iv-j 03 Inter Marine pf . . 300 171 17 lti Int Paper - 10 Int Pump 200 43 43-ii 43 Iowa Central lOVi K C Southern .. 10O 28 V 28 !i 27 do preferred ...... .v 01 .j Laclede Gas 1.7o) Ss 9tt U0T,4 Louisville & Nash 1.100 143 141 M. 141 Vi Minn & St Louis 2!'4 M. St P & S S M. 10O 127V4 127U 125 Mo. Kan & Texas. l.oOo 32 31; 32 do preferred 03 Missouri Pacific .. 1,100 5 ort'i 57U National Biscuit .. 100 los 103 lo2Vi National Lead ... 500 i!U 08 OS Mex Nat Ry 2d pf 300 274 27 27 N Y Central 2. TOO 114 112 112Vi JN Y. Ont & West. 30O 42 42W, 42 Norfolk & West. 400 7 JtC.l, illi'i North American .. 100 0vd 6tiV 60 Northern racific .. 4,600 117 110 116V& Pacific Mall 300 25 24"4 24 Pennsylvania 9.20O 12tsT, 127VJ, - 127TS People's Gas 400 105 Vi 105 105 P. C C AV St L , - iil'i Pittsburg Coal 15Ui Tressed Steel Car. 300 31 31 Vi 31 14 Pullman Pal Car 155 Ry Steel Spring.. 2)0 32S 32'i 31 Reading 129, 7O0 140K, 142, 14314 Republic Steel .. 200 20 2!) 2!t do preferred ... 2O0 1', 91 Bl Rook Island Co.. 10.700 33 3rt 31 "-i do preferred ... 500 74 71 Vi Tl 14 St L & S F 2 pf 40i St L Southwestern 300 20 S 2(1 2S do preferred ... 800 69 09V1 00 Stars-Sheffield 07 Southern Pacific .. 22,400 114 111 112'i Southern Railway. 8"0 22 22 22H do preferred ... iVO 54 Vj 5.1 V4 r2 Tenn Coprjer .... 200 21 20 201.", Texas & Pacific .. . 7O0 28VA 27 27 Tol, St L & West. 200 23 Vi- 23 Vi 21 do preferred 4714 Union Pacific ...112.700 102 151 J- do preferred ... 100 90 Vi 90 V4 9o TI S Realty 70 IT 9 Rubber 2O0 361$ 364 36 IT S Steel 126.S0O 71 68 . 60(4 do preferred ... l.ono 116 114"i 114 TUah Copper 1.000 41 ' 4i;. 4V, Va-Caro Chemical. 3. POO 601 ; fiOVi Sft'J Wabash 300 1T 17 17 do preferred ... 3.000 3BV4 34ii s. We.otern Md 2O0 44.V3 44 TV. Wostinghouse Eleo 700 60 50 sii Western Union ... ion 61 61 60 14 Wheel & L Brie.... 600 4'4 4 4' Total sales for the day. 660,300 shares. BONDS. NEW YORK, July 11. Closing quota tions: U.S. ref. 2s reg.lOOVilf Y C G 3Vjs.. S7 do. coupon. .. .100lNorth Pacific 3s. 71 U.S. 3s reg 101 14 j.North Pacific 4s.l0O" do. coupon. .. .101V4 Union Pacific 4s.100t U.S. new 4s reg. 114 I Wiscon Cent 4s. HO -i do. coupon .... 114 Vi jlapanese 4s .... D & R G 4s. . . . 92 RESELLING AT LONDON AMERICANS DISPOSE OP WOOL BOUGHT EARLIER IX YEAR. X"oreign Demand Is Good Boston Market Drags With Xo In ' qulry From Mills. LONDON. July 21. A large number of buyers attended the opening of the fourth aeries of wool auction sales today. There was a Btrong demand for the WtiWi bales of fered. Merinos and fine cross-breds were un changed and Cape of Good Hope and Natal and coarse cross-breds ranged from un changed to 5 per cent, higher. Americans sold 500 bales bought earlier In the year. American Mills Not Interested. BOSTON. July 12. General dullness con tinues in the local wool market. Business the past week was limited to purchases of clearly Indicated wants. Prices are nom inally steady, but the majority of transac tions are said to be at a loss to dealers. New wools are arriving slowly from nearly all growing sections, the total receipts to date being considerably smaller than a year ago. Manufacturers are showing no interest either in new wools or unsold old fleeces. Prices of "Western wools range as follows: Territory wool, new clip Arizona, one sale of oOOO pounds in the original bags at 55 to 57c. Oregon wools, nominal. Texas wool: Twelve months' wool nominal, at 58 to IOc and eight months' stock at 54 to 50c. Cali fornia wool: Prices nominal, with Northern quoted at 53 550 and Southern at 45 to 47c. pulled wool: "A" supers nominal, at about fiO to 57c; "B" supers. 47 to 40c : fine comb ing. 53 to 55c: medium combing, 4S to 50c: coarse combing, 40 to 42c. California finest, G3 to 65c. Wool at St. Iuls. ST. LOUIS. July 12. Wool Steady. Ter ritory and "Western mediums. 1S22VJ:C; fine mediums, 16lTc: fine. 12 14c. Coffe and Sturar. NEW YORK, July 12. Coftej closed 2 910 points lower. Sales. 22. COO bags. Closing: bids follow: July. 6.76c; "August, 6 SOc; Sep tember, October and November. 6.00c: De cember. 6.05c; January. 6.9Sc; Kptruary, e.0Sc; March, 7.01c; April. 7.03c; Msfy. 6.05c; June 7.00c. Spot, steady. No. 7 Rio. 8"jc; Santos. No. 4, 94c. Mild, quiet; Cordova, 10ffll2V4c Raw sugarr quiet; Muscovado, 9 test, 3.S3c; centrifugal, SO test, 4.:i3c; molasses sugar. 8 test. 8. SSc- Refined, steady; crushed, 5.86c; granulated, 5.15c; powdered, 5.25c. Dried Fruit at New York. NEW YORK, July 12. Evaporated apples, steady. Spot, fancy, lOSJiiHtc; choice, 8H&9c; common to fair. 6&6&n. Prunes, steady; California, up to 30-403, 3S8!4c: Oregons, 4Vi9,AC yl HIGH PRICES HELD Hogs of All Weights Sell at $10.25. SUPPLY IS INADEQUATE Lambs Are 5 Cents Higher at S3. 90 lor Choice Values Are Well Maintained In the Cattle Line. The remarkable strength shown by hogs is still the feature of the local livestock market. It is purely e. question of supply and demand here, and the supply has proved to be a long way under the requirements of the local market. Six lots of hogs were sold at North Portland yesterday at fl0.25. the high mark that was set Monday, and the weights ran from 195 to 440 pounds. Some good cows have been showing up this week and the sales have been on a very sat isfactory basis. There was not much doing In steers yesterday and the few sales ranged from J4.S0 to ?5.10. Good calves brought $0.75. Umbs are also gaining in strength. A big bunch of 20S head of choice quality were sold at $5.00. an advance of 5 cents over last week's best price. Another lot went at $5.75. Sheep sold at $3.50. Receipts yesterday were 167 cattle, 361 hogs and tki horsea and mules. Shippers of the stock were Twohy Brothers, of Shaniko, four cars of horses and mules; W. A. Fields, of Idaho Falls, two cars of hogs; Franz Thompson, of Newport, by boat, 46 hogs; H. S. Nelll, of Condon, four cars of cattle; 1. A. Miller, of Condon, one car of cattle and J. C. Persons, of St. Johns, Wash., two cars of hogs. Weight. Price. 60 hogs , 4.. '05 $10.25 4(1 hogs '. . 195 10.25 20H lambs 71 50o 72 lambs 5-" lit pheep 94 3-50 0 steers 1019 5.10 2 cows TOO 5.10 3 cows 713 4.50 9 cows Oil 3.75 2 bulls 1325 3.75 1 cow !0 4..JO 1 cow S,'0 3. ,5 20 cows 02S 4.0O 31 cows 904 4.10 S-4 hogs 220 Ki.2ii SO hogs 224 lo. 2o 1 hog 440 10.25 39 cows 934 3.0O cows 07 3.00 1 cow 1O50 2 50 52 steers 0 calves . . . . . - 8 calves 1 calf 1132 4' 320 4.7." 125 K.7.- llO 6.75 232 in. 25 CJ hoes 236 10.25 Prices quoted on' the various classes of stock at the yards yesterday were as follows: Beef sneers, good to choice Cali fornia $ 5.25fr$ 5.50 Beef sleers, good to choi'-e East ern Oregon and Valley 4.75 5.25 Beif steer:-, fair to medium 4.'ti 4.50 Cows and heifers, good to choice 4.25 fa' 4.05 Cows and heifers, fair to medium 3.5off 4. no Bulls 3.O0-W 4.0O tajrj, 3.O1W1) 4.IK Calves, light 5.0.i 6.75 Calves, heavy . 4.0..i 5.25 Hogs, top - -. 9.75W 10.25 "Hogs, fair to meditim.... S.ntVa1 9.50 Sheep, best wethers 4.25? 4.50 Pheep, fair to good wethers.... 3. 3oi 3.75 Sheep, best ewes 3.75f 4. 00 Lambs, choice 5.503 5.90 Lambs, fair 4.5u'a- 6.00 Kastern Livestock Markets. OMAHA. July 12. Caf.le Receipts 3100; market active to strong, 10c higher. Native steers, $ 1. 75dt 7. SO ; cows and heifers. $3.2.V; 0; Western .steers, $3.75(0.55: range cows and heifers. $2.75fr4.75; canneis. $2.50',t 3.75: stockers and feeders, 3.251i'5.75; calves. $47; bulls, stags, etc., $3Si;5.25. Hogs Receipts 6100, market 5l0c low er. Heavv. .s. 1048 35; mixed! $3.25 il S.35 : light. $S.40''j' S.70; pigs. $7.5t.'((iS; bulk of sales, $S.20.'f S.40. Sheep Receipts 11,000; market steady. Yearlings. $4.40415.25; wethers, $3.50& 4.25; ewes. $3.254: lambs. SO.So'a 7.50. Sloney, Exchange, Etc. NEW YORK. July 12. Money on call, Kteatlv. 2fi3 per cent; ruling rate. 2?i per cent; closing bid, 2,?i per cent; offered at 2:4 per cent. N Time loans, firm; 60 days, per cent; 90 das, 4f(t'4,.i per cent; six months, 5 5 '4 per cent. Prime mercantile paper closed at 5Q'5Mi per cent. Sterling exchange steady, with actual business in bankers' bills at $4.8340 4.8350 for 60-day bills and at S4.S550 for demand. Commercial bills, $4.8275 qi 4.S323. Bar silver. 54 c. Mexican dollars, 44c. Government bonds, steady; railroad bonds, irregular. PAN FRANCISCO, July 12. Sterling on London. 60 days. $4.8358; do, sight, $Ft3;. Silver bars, 54 ic. Mexican dollars. 45c. Drafts, sight, 2fec; telegraph, 5c. LONDON, July 12. Bar silver, steady at 251, d per ounce. Money, lVil'i per cent. The rate of discount in the open market for short bills Is 2g2V per cent; do for three months' bills. S'il'U per cent. Consols for money, si lo-lG; do for ac- . . .-. counii 82. CHICAGO, July 12. 15 premium. -New York exchange. Dill lit h Flax Market. DULUTH, July 3 2. Flax on track and to arrive and July. $2.19; September, $2.13 bid; October, $1.0: November. SI. 97 bid. For strength, "wearing prop erties and all other require ments that go to make up an ideal pavement Holds the PRIZE t' :1L m-S TRAVELERS' GLIDE. COLUMBIA RIVER SCENERY Fast Excursion Steamer CHAS. R. SPENCER Leiives dallv except Wednesday, 8 A. M-, for 1-ioud River and way landings and re turn leave Hood River, 2:30 P. M.; arrive Portland 8 P. M. 6UXDA1 EXCURSIONS. Leaves a A. M. ; return;. 5:3o P. IS. First-class Meals Served.. Fare. One Dollar Bound Trip. Up-town Office, 09 5th St. " Phones Marshall 1979, A 1293. Landing and Office. Foot Washington St, Phones Main 8019, A 2465. Lowest Rates to Picnic Parties. K. W. BPENCEE. OWNER. THE UNITED STATES NATIONAL BANK PORTLAND. UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus and Profits, $725,000.00 OFFICERS: J. C. AIXSWOItTH, President. It. W. SCHMEER, Cashier. It. LEA BARNES, .Vice-President. A. M. WKIGHT, Assistant Cashier. W. A. UOLT, Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES LUMBERMENS National Bank CORNER FIFTH AND STARK STREETS PORTLAND, OREGON Capital OFFICERS. G. K. TVentworth John A. Keating; Vice Geo. L. MePberson. . II. I. Story E. A. Freeman Graham Dukehart Assistant Cashier tSiWm HMtiWSi: MSMMi OLDEST BANK. ON THIi PACIFIC COAST CAPITAL $1,000,000 SURPLUS and PROFITS $600,003 OFFTCTERS- W. W. I, ADD. President. EDW, COOKINGHAM, Vles-PresUsnt W. H. DUNCKLET, Cashier. R. S. HOWARD. JR., Ass't Cashier. J. "W. LADD, Assistant Cashier. YV-S-l-'Xiiit At. COUJi. Ass't Casalsr. Interest Paid on Savings Accounts and Certificates of Deposit We Issue Letters of Credit, Foreign Drafts, and Travelers Checks Bank Notice Security Savings and Trust Company Corbett Building, Fifth and Morrison Streets Capital and Surplus $900,000 Invites Accounts of . Merchants, Individuals and Savings First National Bank Capital $1,500,000 Surplus 750,000 Oldest National Bank West of the Rocky Mountains TRAVELERS' Ol'IDK. San Francisco and Los Angeles DIRECT North Pacific S. S. Co.'s S. S. Roanoke and S. S. Elder sail every Wednesday alternately at 6 P. M. Ticket office 132 Third st.. near Alder. JIAHTIX J. HIGLKV, PMiwngfr Accnl, V. II. SLtSStil, FretBlit Afseut. l'liones M. 1314, A 1314. SAN FRANCISCO FOBTLAND S3. CO. Xew service to Los Angeles, via San Fran cisco, every five days. Krom Ainsworth Dork, Fort!and. 0 A. M. S.8 Braver, July 17. Bear it, Ke City 27. From San Francisco for Portland. 1U M. S.S. Bear -Iul 1-V lte City 20, Beaver 23. ' Fro'n San lrtro Northbound. S.S. Bows City July 18. Beaver 23. Bear 28. M. ti. Smttli, C. T. A., 142 Third St. J. V. BanMom, Agent, AinHwortli Dock. Fhone3 Main 402. 2!S; A 1402. COOS BAY LINE 6-DAY SERVICE. Steamer Breakwater leaves Portland A M. July 3. 8, 13. 18. 23. 28, Aug. 2. 7, 9. 14, IV. 24, 20 and every five days, from Alnsworth Dock. . for North Bend, Marsh flelrl and Coos Bay points. Freight reweived until 5 P. M. daily. Passenger fare, first class, $10 ; aecond-class, $7. including berth and meals. Inquire City Ticket Orfice. ad and "Washington eta., or Alnsworth Dock Main 2i6. OREGON $500,000 President - President 11 RECTORS. G. K. Wentm-orth ( tins. S. KiiMtell P. S. Hmmby r. K. A. ,1. Mackenzie Vlre-Presldrnt Georsjeti. IHnalnlm IJoyd J. W ent vortl Cashier J. E. Wheeler Geo. I.. Mel'herson ..Assistant Cashier John A. Keating Kobert treat mitt It. 1). Slory 1 directors. edward cookin-oham, henri l. corbbti. william m. ladd. ,; i CHARLES E LA DO. J. WESLEY LADD, ,' i E. B. LINTH1CUM. ' ' FREDERIC B. PRATT. 1 THEODORE B. WILCOX, TKAVLXDKS' .VIUE. AU Modern Safety IJevlces (Wireless, litcj LONDON PARIS HAMBURG 5) a M. Ir'"f "Waldersee. Aug. 17 Cleveland' . .July 231 "Cincinnati.. . Aug. 2u VKais. Au. Vic. July 3D Tennsylvania Auk. H Prej I.lr.cohl Aus. lo;"Kais.A'jg.Vlc. Sept. 4 tAmerll-.a ...Auk. tUnexcellcd Kltz-Carlton a la Carts Res taurant. "New. Hamburg direct. ITALY VIA CI BR ALTAR. NAIi,h.H and 8.S. IIAMKI'KG .. t August 8 S.S. MOLTKK Aujjust Ju Hamliurg-Ameriraii. I.lno, 160 l'owell bt.. tun I'ranclsco, Cal. and Local K. H. Agents in Portland. SEASICKNESS Will be prevented and relieved by uetn TOMQLE M.AL 1K A1KR, a safe and relia ble remedy. Take a bottle with you and in sure yourself all pleasures of an ocjan voy age. Sold by leading druggist. Price & cata. or mailed, postpaid, by NEPTUNE KKMEDY CO., Sole Manufacturers, Phone Main 2207; A b&lA Portland, Or, U