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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 20, 1912)
17 THE MORNING ORJfiGONIAN, SATURDAY, JUIY 2Q, 1913 HEV WHEAT AR1IVES Two Cars Are Brousht In From Blalock. SEASON EARLIER THAN 1911 J-'lne Quality of Bluestem Received ty Balfonr. Guthrie & Co. at Pceanlc Dock Trading Up to Date Has Been Light. The first new crop wheat ras reached Portland. Two ears of fine 1012 bluestem were received' by Balfour, Guthrie Co. at Oceanic dock. Toe wheat wa shipped by S. q. Bunch A Son. of Blalock. liarveit li becoming general In the early districts In Walla Walla, rmatllla and the Columbia River counties, and the yields are fully up to expectation. Quality, as well aa nuantitv la satisfactory. OTlnf to the great !se of the crop, fears are beginning to be felt of the ability of the railroads to nanaie it promptly. The early baying Is of moderate propor tions, and 80 cents for club and S3 cents for Muestam are quoted as full prices. Export values are S cents under these figures. There is some demand for spot wheat for feed, but the availahle supply is limited. Weekly foreign wheat shipments were as follows: This week. Lest week. I.st yesr. .nrentlna... 2.U44 OOQ 1.SS2.1H10 1.40.l00 Australia ... 44O.O0" 3-.4.UOO l.SSS.000 l.oal lecelpts. in cars, were reported by fie Merchants' Exchange, as follows: . Wheat Barley Flour Oata Hay Monday IS 1137 Tusdar - S - " - Wednesday 6 1 r 1 J Thursday 11 fi ? Friday 8 r , Year ago IS .. 8 5 J reason to date..l..O 4 ! '2 -year ago 1M 11 l-'O 3 SEW HOP BCVTNG FOB FORF.IGNERS Contnu-ts Wrlttea liTTalley Sections at 20 to 21V4 t ents. Contracts for between 600 and TOO bales of new Oregon hors were reported yesterday. Joe Harris was the principal buyer. He purchased 40.00 pounds from McKay, of Ft. Paul: 40.00" pounds from Uoop. of Mc Mlnnvllle. and 20.000 pounds from Bishop A Daniels, of McMlnnvtlle. all at 21 cents. Ralph Williams bought 20.000 pounds from Bishop & Daniels at 21H cents, and E. C. Kirkpatrick secured 10.000 pounds from Fink, of Dallas, at 21 cents. Recent operations In the Aurora section sre shown by the following special dis patch: "Aurora. Or.. July 1!. H. U Bents yes terday pin-chased the last lot of local hops of the 1011 crop from Fred Gergen. 1 bales at 24 cents. He also secured a contract lo cally for several thousand pounds of this year's crop at 20 cents early In the week. These purchases were for Strauss A Co.. of London. Mlshler ft Gribble secured 4T bales at 22 cents or better this week, which were resold to H. L. Bents, for Strauss & Co. Seven bales came from J. H. Sanguineus, of Hubbard, at 22 cents, who was offered 43 cents last October by the same firm for the same hops. Forty bales were the Jansen lot at Sllverton. What these cost is not known, but 22 cents was probably the price. "The current reports that there are less than SOO bales of unsold mils is without doubt far short of the true figure, as there are known to be 2tO bales In this section, vis.: 20 at sllverton. 20 at New Era and ;n near Woodburn. There are also nearly 4i hales more owned at Sllverton by dealers." FROST STREET FRl'IT SALES HEAVY Nine Cars of Melons Sot Snfflrlent for the Demand Local Fruits Coming Front street is moving mose fruit this week than ever before In Its history. Same lines, especially watermelons, are continually short. Nine cars of melons came in yes terday, and the supply was practically ex hausted by the close of the day. Local melon prices were unchanged, but the Cali fornia market was firmer, as stocks in the early sections are playing out. Deciduous fruit prices held steady. Ore gon peaches were quoted at 0$f75 cents and California at S0s5 cents. Peach plums from The Dalles ranged from 75 cents to $1.25. Summer apples of the Early Harvest and Yellow Transparent variety, also early peaches and apricots, are coming from the Yakima section. Hop Grower Ask Lower Freight Rates. CHICAGO. July 19. Hop growers on the Paclflo Coast have threatened to cease planting the vine, so essential to the manu facture of beer. If transcontinental freight Tates . on hops are not reduced. The fear of a scarcity of the domestic product was Imparted today to Chairman Charles A. Prouty. of the Interstate Com merce Commission, by the general freight sgent of the Northern Pacific Railroad, who said that the growers of hops had protested in a body at the transcontinental freight convention and had threatened to discon tinue the cultivation of hops If the rales were not lowered. The present rate on hops from Pacific Coast points to the Eastern brewing mar kets is I1.7S a hundred In carload lota and V23 in smaller loads. The rates are de clared to be much too high. The Association of Hop Growers com plained to the Interstate Commerce Com mission after their plea was refused by the railroads. The growers assert that their profits are so small that the freight rites are killing the industry. The Pacific Coast growers raise the prin cipal supply of hops grown in this country. Fine Quality of Hops Assured. AVRORA. Or.. July 19. l Special.) Many growers estimate that the hop yield this ear will be 60 per cent or more larger than in 1911. Conservative estimates now place the 1912 crop at 1U.00O bales. Nearly all growers are preparing to spray or are now spraying. L. L. Gribble. who has been visiting a large number of yards In this section during the past week, states that spraying Is well under way. Prospects hava never been better for a full crop of fine quality. He estimates the Oregon crop at well above 100.00 0 bales. It Is probable that ;5 per cent of the crop will have been contracted by August 1. Freh Eggs Are Becoming Scarce. Small receipts of eggs, particularly fresh stock, contributed to a firm market for that sort yesterday. Poultry cleaned up fairly well, but without Improvement in price. Dressed meats were steady. " There were no changes In dairy produce. Butter and cheese were quoted firm. Bank Clearings. Back clearings of the Northwestern cities yesterday were as follows: Clearings. Balance!. Portland SI. 575.512 K0O.47T Seattle 1.726.i4S 12H.500 Tacoma til. Iu9 41.9SS Spokane 55t.4e 108,417 PORTLAND MARKETS. Grain. Flour. Fred, Etc. WHEAT Track prices, new: Club. 80c: Mueslero. 3e. Old: club. 846 S5c; red Russian. 84S5c: bluestem. SS o S9C FLOi'R Patents. 3.Y10 per barrel: straights. t4.70; exports. 14. '.'0: Valley. 15.10. HAY Timothy. 14 16.30; alfalfa. 112.50; e'over. S10; oats and vetch. $12; grain bay. S3. M1LLSTVFFS Bran. $23.50 per ton: shorts. $JS.."t: middlings. ::.. CORN Whole. S:i0; cracked. S40 per ton. OATS No. 1 white. $34 5 33 per ton. Vegetables and Fruits. ' FRESH FRUIT Cherries. Sa10c per .,nm old. S1.50e3 per box: new. $1.5061.75 per box; peaches, Oe85c per box: currants. $1.6081.75 per box; plums. 75cf1.25 per box; pears. $l.7esj per ooi, apricots. $1.23 per box: grapes. $2.50 per crate: gooseberries, a O BERRIES Raspberries, $1.50 per crate, loganberries. $1.50 per crate; black cape. $1.75: blackberries. $1.50 per crate. TROPICAL FRUITS Oranges. Valencia, s T1 raltfarnia erapefruit, $4.50: lemons. $5 S.5S per box; pineapples. o per pound. MELONS Cantaloupes, $2.T5 per crate: watermelons. 1H61V.C per POUhd. i VEGETABLES Artichokes. 5"5c per dozen: asparagus. $1 per dosen; beans. Bfl c: cabbage. 191c per pound; cauli flower. $1.25 per dozen; celery. $3 per crate- corn. 30c per aoxen; cicinu per box; eggplant. 25c per pound: bead lettuce 12vfcc per dozen; peas, S9o per wmi' nenners. 1214 613c per nound: rad ishes. 15520c per doxen; rhubarb. Shie per pound: spinach, effoc per pouno. $101 25 per box; garlic 8S10c per pound. POTATOES Jobbing prices: Burbanks. old. SIS 1.25 per hundred; new, per pound. ONIONS California red. $1-25 per sack: ullnw t1 Kit .1-f flf SACK VEGETABLES Carrots. 1.T5 per rack; turnips. $1.25 per saca. Dairy and Country Produce. EGGS Case count. 23e; candled. tic; ex tras, 2741 2&c per dozen. BUTTLR Oregon creamery butter, cubes. 30c per pound; prints. Sic per pound. CHEEJC Triplets and ualales. lie per pound. PORK Fancy, lOeiHic per pound. VEAL Fancy, lV4l4c per pound. POULTRY Hers 12c: broilers. lie: ducks, young. 12c; geese, lOftllc; turkeys, live. ISc;. dressed, 24&25C 6taple Groceries. SALMON Columbia River, one-pound tails. $2 23 per doxen; eight-pound talis. $2.5; one-pound flats. $2.40; Alaska pink, one-pound tails, $1.35. COFFEE Roasted. In drums. 265440e per pound. NUTS Walnuts. 164J18HO per pound; Brazil nuts. 12c: filberts, 14 15c; al monds. 17021c: peanuts, 18e: cocoanuta, 80c W$l per dozen; chestnuts, 12?4c per pound; hickory nuts. AS 10c per pound. HONEY Choice. $3.73 per case; strained honey. 10c per pound. SALT Granulated. $15 per ton; half ground. lOOa. $8.50 per ton: 50s. $9 per ton. BEANS Small white. 5.40c; large white, 5.2"c; Lima, 8.60c; pink. Sac; Mexlct-na, 44c; bayou. 454c. RICE No. 1 Japan, 6c; cheaper grades. SS?5c: Southern head, j7ttc. SUGAR Dry granulated. r..93: fruit and berry. $3.95. Honolulu plantation. $5.90; beet, $.".70: extra C. $5.45; powdered, bar rels. Srt.O; cubes, barrels. $6.35. DRIED FRITH S Apples. 14c per pound; apricots, 141'18ttc; peaches, 1214c: prunes. Italians, 104ai01c: silver. 18c; figs, white and black. 6ViTc; currants, lite; raisins, loose Muscatel, IHoHio; bleached Thompson, 1114 c: unbleached Sul tanas, SHc: seeded. THCStec; dates, Per sian, ttic par pound: Fard. II. CO per box. Hops. Wool and Hide. HOPS 1912 contracts. 2021c; 1S11 crop. 22 iji, 2oc. MOHAIR Choice. 32c per pound. WOOL Eastern Oregon, 14 19 He per pound according to shrinkage: Valley. 21 0 23c per pound. PELTS Dry. 13c; full wool butcher pelts, $1.25M.75: shearings. 10030c HIDES Salted hides, 1144c per pound; raited calf. 20c: salted kip. ll12c; green hides. 11c; dry calf. No. 1. 25c; No. 2, 20c; dry nldes. 19 fr 20c; - salted stags, 7 14 8c; green stags. 6i 7c CA8CARA Per pound, B5ic; carlota, 3!45Hc. GRAIN BAGS In car lots. 10c Linseed Gil and Turpentine. LINSEED OIL Raw. barrels. 89c: .oiled. barrels, ttlic: raw, cases, 93c; boiled, casea. 95c TURPENTINE: Cases. B9c; barrels, esttc. GOOD CATTLE DEMAND STEERS SELL READILY AT LOW ER RAXGE OP VALUES. Cows Bring Former Prices Hog Market Is Firm and Shetf) Are Steady. Cattle were the active feature of the livestock trade yesterday. There was a good supply at the yards and the market was brisk throughout the day. The tendency of values waa a little easier and former prices were not realized. Hogs continued tlrm and sheep were steady. ' A small load of steers sold at $.90. six loads went at $.S5 and other sales were at $0 to $.75. Cows, however, held up well, a load of choice quality bringing $-1.25. There was not much doing in the hog market and the quality of the day's offer ings was not high. A few wethers and lambs were sold at former prices. The first sale of mutton sheep In the Lakeview section, according to the Lake view Examiner, was msde last week when Felix Green, of New Pine Creek, sold to A. G. Swanson, the mutton buyer from Sac ramento, 1M0 head of slock. The yearlings in the band sold for $2.70 per head, while the 2-year-olds brought $3. The sheep were all loaded into stock cars Monday and shipped to Reno, at which point they will be transferred to the main line for ship ment to California points. It is expected that some of the other sheepmen who have been holding their mutton for better prices will sll within a few days. Receipts yesterday were 593 cattle, 2 calves 153 hogs and 444 sheep. Shippers wero John S. Brysnt. California, 2 cars of cattle; T. Topham. California, 2 cars of cattle; William Shepard. by boat. 151 sheep: C. F. Cussldy, Gazelle, Cal.. II cars of cattle; Ed Knorr, Crangevllle, Ida ho 2 cara of cattle; J. E. Reynolds. Con don. 6 cars of cattle and boga; F. B. Decker, Sllverton. 1 car of sheep and hogs; Hugh Cummingg. West Sclo. 2 cars of sheep; H. Prefry Great Fails. Mont., 4 cars of cattle: Sevler'si Wesd. by boal, 42 hoss, and H. F. Harbor, who drove In 25 hogs. The day'a saies were as follows: Weight. Price. 6 steers . p $0 50 20 steers ' J7'- ' 5 cows 11 14 0.-0 1 eow 90 5. no 27 cows" 10NJ 5.90 2 steers 1 1"- 8.00 .... steers 1144 .8o "l ca!f 10 S.-J0 3 he,fers 12" 6.25 1 cow 90 3.50 1 cow 20 3.00 ' : w 4.00 1 steer li.it 6.?o to steer. I 110T J.00 4 Sleers iV-f. 23 steers - ?' '1 steers 1 I ' o.s.i "3 stee " 1-'15 "S steers """'III f " I .lllrl l........ ...1232 6.00 1 cow III... ! 5- 1 cow " 1270 5.40 l! SST :::::::::::::::::::::USi S:S8 s? Er.:!::::::::::::::::::::::t 8 A-lllVA :::::::: ;?. T teers 110d " ' H s'tee'r? llllllllllllllllllllll to iteerJ 1421 .0 20 "owi ii 0.25 mwi ......a.. .. W 6.33 2 cows 105 5.00 9 cows "..I.... 898 1 civ ...III... 900 4.30 : buns s 3.23 I bull 14 S.00 in iambs 84 5.25 5S" i jhg 4 boS 2 '00 -A EoSs : ja o The range of prices at the yards was as follows: Choicr steers Good steer. J.00 $.50 Medium .teer. '? J- Choice cows s i'JS r?- Good cows $.0 8 5.7j Medium cows $.00 ..60 Choice calves T-2.25-t? Good heavy calvas i tJtTffi Bulls $.50 6.10 Stag. -7 Llht'TT. Heavy -S5 ' 00 Y.arfingT f.09 4.15 Wethers S.OOiT 4.33 Swei ? . llllllllll". ........... 3.00t 3.50 LVinbs 4.00S 5.25 Omaha Livestock Market. SOUTH OMAHA. July 1ft. Cattle Re ceipts 1100; market, steady. Native steers, Si5e9.65: nativa eows and heifers. $3,309 7 40 Western steers, $5 07.75; Texas steers, $4 56-25: range cows and heifera. $396: ca'nners. 2.734.23; siockers and feeders, ei.75i?S.75; calves. $4 68; bulls, stags, etc '"ofs-Receipts, 10.T0O: market, strong to Jc higher. Heavy. $o.9097.25: mixed. $7.10 8T.23; jlent. $7?T.43; pigs, $687; bulk of She-?Rece"ipts. 100; market, steady. Yearlings. $4.7345.33: wethers, $464.73: Hops at New York. - NEW TORK. July 18 Hops Easy. State, common to choice. 191L 25330; PaciUc Coast, 1911. 30O33O. MEAT PIT EXCITED TRADE BASIS GOOD Growing Spirit of Optimism In All Sections. . , CROP PROSPECTS FINE Iudustrial Activity In the Largest Trades Is Assnred--Distribntion of Merchandise in the West Greater Than Tear Ago. NEW TORK. July 18. R. G. Dun : Co.'s review tomorrow will say: A noteworthy Incident this week Is the decline in prices of sll grains, especially whest, Wiuci. was sharply depressed by re ports of exceptional crop advancement in the Northwest. Ten days will place the Spring vrueat crop beyond danger from drouth. D.srrihu'lon in that section Is In excess o a. year aao and In important departments of trade iiom 15 to 30 per cent greater. Th.) Western manufacturing plant, are busy ... i.hn. im w.l 1 Amnloved. Higher wages, ltrger payrolls and great activity In industrial lines mara mo ji"s r. nf evetw. in the Pittsburg district, and stimulate h'i branches of business In that section. With Industrial activity in the largest trades assured, agricultural prospects au- nlrlnna and mercnntllA conditions SOUhd. there Is -icss concern regarding those economic and social problema which have In the past served to unsettle business con fidence and fl.terprise. A widening spirit nf nnrlmUr.i Is crowing In all sections of the country. In spite of the fact that this is a irs'dfftial year, wnen oruuiarnj some reduction In the volume of exchanges might be expected. HEAVIKR DEMAND FROM NORTHWEST Dnslness In Northwest Influenced by Bright ' Crop Outlook. NEW TORK, July 1. Bradstreet'. I morrow will say: The keynote of this week's developments is epitomized In the phrase -ravoraoie crop prospects." As a result optimism as re gards future trade has increased and some redaction already has been experienced in a heavier demand from the Spring wheat sections Northwest, where crops are prom ising. There Is somewhat more doing In dry goods, though demand has not yet expand ed in a noteworthy way. In fact, visiting representatives of jobbing houses are not taking hold freely, though purchases cover a wide range of goods, with staples receiv ing the best call, while buying of novelties apparently will be deferred until drumnrers make their visits. Prices of textiles are firm and tend high er, with some lines in scant supply and thi strike of operatives In New Bedford mills generates concern aa to deliveries of fine goods'. Leather Is strong and new buying of shoes is moderate. It is said that purvey ors of relatively low-priced shoes have sub stituted cheaper grades In preference to In creasing prices, which ae deemed legiti mate because of the high cost of labor and raw materials. Collections vary, but It is probable there has been a little betterment, except at Southern points, where payments .continue slow. Business failures In the United States for the week ending July 13 were 23, against 252'last week. 239 in tfle like week of 1911, 213 In 1910, 239 In 19U8 and 263 In 19C3. Bank Clearing. NEW YORK. July 15. Bradstreet's bank clearings report for the week ending July 18 shows an aggregate of $.1,103,750,000. as against $3,440,513,000 last week and $2,994.- 348,000 In the 'corresponding week last year. I'.tj. Inc. New York $1.7S0.24S.OOO 0.4 Chicago 2110.193. 0 1.2 KOSton H,U42.UUU S-U Philadelphia liB.Odrt.OOO 6.9 St. Louis i 77.862.0O0 4.6 Kansas City 4. 527,000 1.8 Pittsburg S7.561.00O 16.2 San Francisco 115.151. 0O0 12.4 Baltimore 36.OOS.000 '9.9 Cincinnati 29.113.000 - 23.9 Minneapolis 20.110.oo0 19.1 New Orleans 17.732.0oO 4.6 Cleveland 26.043.00O 22.3 Detroit 23.994.000 29.4 Los Angeles " 25.131.000 7.7 Omaha 16,279.000 13.6 Milwaukee 4 14.569.000 16.2 Louisville 12,531.000 10.T Atlanta 10.9O.-..000 42.1 Portland 13.4S,0O0 S5.9 Seattle Il.6s7.000 21. 5 St. Paul.... 9.729.000 "8.0 Buffalo 11.443.000 19.9 Denver 8,6X6.000 5 6 Indianapolis 10.SK2.noo 6.t Providence 8.033.000 15.6 Richmond 8.915,000 23.5 Washington. D. C T.5S2.000 7.0 Memphis 7.992,000 48.0 St. Joseph 6.699,000 9.9 Salt Lake City 6,733.000 e5.3 Fort Worth 5.667.000 12.S Albany 6.727,000 .7 Columbus 5.922.000 "8.4 Savannah 3.399.O00 12.8 Toledo 5.758.000 10.0 Nashville 4.233.000 8.7 Hartford- 4.729.000 .7 Spokane 4.403.0O0 6.7 Tacoma 1 4.235.000 11.2 Des Moines 4.424.000 15.5 Rochester 4.638,000 4.0 Duluth 3.101.000 7.0 Macon 2.827.000 13.0 Oakland. Cal 3,6.-2.000 10.7 San Diego. Cal 3.0611,000 106.5 Sacramento, Cal 1.722.000 17.9 Helena 1,012.000 "1.9 Stockton. Cal 826.0O0 33.3 Boise. Idaho 7O2.00O 15.0 Ogden. Utah 682,000 14.0 Decrease GAINS ARE INCREASED GRADUAL RISE IX STOCK PRICES AT NEW YORK. Movement -Apparently the Result of Expert Manipulation Bond Market Is Steady. NEW. TORK Jnly 19. To the accom paniment of greater activity, today's stock market Increased Its recent gains. The rise was so gradual as to be almost Imperceptible and gave color to the belief that the move ment was deriving Its chief impulse from expert manipulation. The same conditions that served earlier In Uie week the crop outlook. Increased activity in various fields of Industry and easier money were again contributing factors. . United State. Steel wa under pressure, but moved forward with other speculative fa vorites, although In lesser degree than Union Pacific. St. Paul. Amalgamated Copper and numerous specialties. Some of the latter advanced a to 5 points. Reports of general betterment In most lines of trade found confirmation In the Increased bank exchanges, although this gratifying condition is nullified by poor col lections. . Local banks continue to gain from the Interior, this week's cash Increase being es timated at ne less than ja.OOO.OOO. Bonds were steady, with total sale, par value, of 1,985.000. United States Gov ernment bonds were unchanged on ealL CLOSINQ STOCK QUOTATIONS. uiosina Allis Chal pf .. Amal Copper .. 23,800 Am Agrlcult . . .500 Am Beet Sugar. 1.400 Am Cotton Oil Am Hd A Lt pf Am Ice securi.. 200 Am Linseed ... 100 Am Locomotive 500 Am Smel a Ret 2.700 do preferred.. ...... Am Steel Fdy att. Sugar Ref.. 100 Am Tel Tel.. 1.000 Am Tobacco pf. Am Woolen .......... Atl Coast Line.. Central Leather 1.100 do preferred.. 300 Central of N J High. Low. "siia" S3i4 61 60H 74 73 4, ST . asvj 58 5T 'ie" "isU IS 13 43 43 84 S3M 128 128 145 114 '" "" 10.x 10S 103 102 140 140 iou ios 30 33 92 92 206 266 27 27 95 94 "81 '' '80 52 24 107 34 109 2 Chicago 4 Alton .- J Chi Ct West 100 1T 17 J do preferred.. 100 33 33 .J? Chicago 4 N W 600 13S 138 U;- C. M & St Paul. 8.3 00 104 ICS 1M C. C. C ft St L 59 Col Fuel 4 Iron. 100 31 81 30 Col 4 Southern. Consol Gas 2,600 146 14.1 145 Corn Products . 800 15 . 16 15 Del ft Hudson lb' DARGrande.. 400 19 19 19 Erie 2.600 35 84 ..... do 1st pf .... 700 53 53 52 do 2d pf - 42 Gen Electric ... 1.800 1 80 179 1 Gt North pf 7,300 13S 137 13 1 Gt North Ore .. 200 43 43 43 Illinois Central. lOO 130 130 130 Interbor Met .. 2.600 20 20 20 do preferred.. 4.3(10 59 58 nS Inter Harvester 600 120 120 119 Inter Marine pf ' 800 16 V 16 ' 18 Int Paper ..... 15 Int Pump ? 26 Iowa Central . ...... ..... ..... 43 K C Southern jH do preferred. 57 Laclede Gas ... 100 106 106 108 Louis ft Nash.. 1.000 15S 157 157 Minn 4 St L 181 M. S P ft S S M 1.300 147 146 14 Mo. Kan 4 Tex . 26 do preferred. 59 Mo Pacific 1,300 36 35 Sfl Nat Biscuit .... 500 146 145 145 National Lead.. 600 59 58 08 N Ry Mex 2 pf. SOO 31 31 81 N T Central ... 200 116 115 116 N T. Ont ft Wes 100 32 32 82 Norfolk ft West. 900 17 116 116 North American 1.10O SI 81 81 Northern Pac .. 4O0 122 121- 121 Pacific Mail 200 32 31 31 Pennsylvania ... 1.T0O 124 123 123 People's Gas .. 300 116 116 116 P. C C ft St L.. 500 10S 108 107 Pittsburg Coal.. 100 21 21 21 Pressed S Car Pull Pal Car 161 Ry Steel Spring Reading 42,800 166 164 13 Republic Steel 26 do preferred.. 400 85 85 84 Rock Island Co. 800 24 24 24 do preferred.. 40O 48 48 48 St L ft S F 2 pf 20 0 87 87 87 St L Southwest 32 do preferred... 100 78 73 73 Sloes Sheffield .. SOO 55 55 65 Southern Pao .. 2.300 111 1110 110 Southern Ry .. . 1,200 29 28 29 do preferred.. 300 77 77 7i Tenn Copper .. . 600 48 48 43 Texas ft Pacific 22 Tol. St L ft Wes 100 14 14 13 do preferred.. 1.000 31 29 81 Union Pacific .. 38.SOO 169 167 16S do preferred.. 600 91 90 90 U S Realty 900 83 84 84 U 8 Rubber ... 12,400 63 52 'i 52 U 8 Steel 60.200 71 9 70 do preferred.. 200 112 112 112 Utah Copper ... 4.500 62 61 62 . Va-Caro Chem .. 900 30 49 49 Wabash do preferred .. 400 13 13 18 Western Md 5i Westing Elec .. 900 7T 76 76 Western Union .. 800 83 82 82 Wheel 4 L E 6 Lehigh Valley .. 5.0OO 168 167 167 Chino Copper .. 3.800 32 81 i 32 Ray Consols ... 1.800 21 20 20 Am Tobacco ... 1.400 299 296 297 Seaboard Airline 200 23 23 23 do preferred.. 900 63 53 53 Total sales for ths day. 299.400 shares. BONDS. Furnished by Overbeck ft Cooke Co., of Portland. Bid. Asked. American Te ft Tel eonv 4s. ...114 115 American Tobacco 4s 96 .... American Tobacco Ks 120 121 Atchison general 4sV ........ .. 98 98 Atchison conv 4s...-. 108 108 Atchison adj 4s stamped 90 91 Atlantic Coast Line cons 4s 94 At Coast Line "L ft N coll" 4s. 93 94 Baltimore ft Ohio 3s 91 91 Baltimore 4 Ohio 4s 87 98 Brooklyn Rasid Transit 4s 92.. 92 Can Southern first as 101 101 Chesapeake ft Ohio 4s 100 100 C B ft Q gen mtg 4s 95 96 C B ft Q Joint 4s 90 9 C B 4 Q Ills 48 99 99 C B-ft Q Denver 4s 95 ! Chicago 4 East Ills 4s 78 80 Chicago R I ft P ret 4s 88 88 Chicago R I ft P Col trust 4s.. 68 08 Colorado ft Southern first 4s... 94 95 Denver ft Rio Grande 4s. ...... 85 86 Del 4 Hudson conv 4s 98 Sn Erie first cons P L 4s 89 89 Int Met 4s 82 84 Japanese 4s So 87 Japanese first 4s 8'1 .... Japanese second 4s 90 .... Louisville ft Nashville unl 4s... 98 99 Mo Kan 4 Tex 4s 87 88 Missouri Pacific 4s 71 il New York central 8. 87 87 New York Central L S 3a 81 81 New York City 4s 92 93 New York City 4s of 193T 106 107 Norfolk ft Western 4s 98 88 Norfolk ft Western conv 4s H' N Y Ont ft W 4s JLJL... 93 94 Northern pacific P L 4. . . rT. . 99 09 Northern pacific 3s 8 69 Oregon Short Line 4s 93 94 Oregon Ry A Nav 4s... 84 9j Penna Ry 4s of 1948 103 104 Philippine Railway 4s 86 Reading general 4s 97 97 Republic of Cuba f.s 103 104 Southern pacific col 4s 90 90 Southern Railway 4s 78 78 St L ft S F ref 4s 78 79 i nlon Pacific first 4s 100 100 ITnlon Pacific conv 4s -..111 111 Union Pacific ref 4s 97 97 United States Steel S F 3s 102 102 United States 2s registered 10 101 United States 2s coupon loo 101 United States 3s registered 102 1025' United States 3s coupon. ...... .102 102 United States 4s registered 113 114 United States 4s coupon 113 114 United Railway S F 4s.. 66 6i United Railway St L 48 73 .... Wabash first 4s 68 69 Western Union 4s 97 88 Westinghouse conv 5s 94 !to Western Pacific 3s 83 8o Wisconsin Central 4s 91 91 West Shore 4s 99 100 Stocks at Boston. BOSTON. July 19. Closing quotations: Allouez 46 IMohawk 69 Amalg Copper-. 83 Nevada Con 20 A Z L ft sm. 31'Nipisslng Mines. 72 Arizona Com .. 6,North Butte. 30 B ft C C ft S M. 7North Lake 5 Cal ft Arizona.. 75,01d Dominion... oi Cal 4 Hecla 524 Osceola 117 Centennial 24!Quincy H";A Cop Ran Con CO m vb wannon jot E Butte Cop M. 13 Superior 48 Franklin llSup 4 Bos Mln-. 2 Glroux Con 4 Tamarack 42 Granby Con ... 84 U S S R ft M... 46 Greene Cananea. 9 do preferred... 49 I Royalle (Cop) 83 Utah Con 11 Kerr Lake 2 Utah Copper Co. 61 Lake Copper.... 3T Winona 5 r.a Suite Conner 7 (Wolverine 109 Miami Copper... 29 Money, Exchange, Etc NEW YORK. July 18. Money on call steady, 2&3 per cent; ruling rate. 2: closing bid. 2; offered at 2. Time loans steady; 60 days. 3 per cent; 80 days, 8; six months, 44. Prime mercantile paper, 4 per cent. Sterling exchange firm, with actual busi ness In bankers' bills at $4.85 for 60-day bills and at $4.b770 for demand. Commercial bills. $4.84. Bar silver, 60c Mexican dollars. 48c. Government and railroad bonds steady. T.ONDON. July 10. Bar silver, steady. 27 13-16d per ounce. Money, 2 2 per cent. The rate of discount in the open mar ket for short bills and three months' bills is 3&3 per cent. ha V FRANCISCO. July 19. Sterling on London, 60 days, $4.85; sterling, sight, $4.87. ..... . . . 1J raltS Slgnt. gc; teiegrapn. ov. Condition of the Treasury. wiRTtrvRTOX. July 19. At the begin ning of business today the condition of the United Statea Treasury was: Working balance In Treasury of- ' rices i. . .-..vi, in hnmir and Philippine Treas. . 36.311,632 Total of the general fund 158.274.024 Receipts yesterday 2.496,379 Disbursements yesterday 1,133,009 Deficit to date this fiscal year.. 7.615,330 liencii vnwo : V. , These flsures exclude Panama Canal and public debt transactions. SAN J-' RAN CISCO PRODUCE MABKET Price. Quoted at the Bay City tor Tec. . tables. Fruits. Etc. SAN FRANCISCO. July 1. The following produce prices were current here today: Fruit Apples, choice, $4.50; common, $1; M.-rlrfvn limes. $667: California lemons. choice, $4.30i common, $1.60; pineapples, $2 3. Cheese 15 017c. Butter Fancy creamery. He Eggs Store, 23c; fancy ranch. 24c Vegetables Cucumbers. 25i40c; garlic 26 3c; green peas. $12; string beans. 14 4c; . . . - A 1 n ..rnlant 9o4e Potatoes River Burbauks 75ctjtl.l0; Ore gon Burbanks, nominal; Early Rose, nom inal. Hay Wheat. $1621: wheat and oats, I124J19: alfalfa. $13013.50. - Receipts Flour. 2468 r. sks.; wheat, 1600 ctls.' barley, 13,406 ctls.; oats, 1000 ctls.; potatoes. 6705 sks.; bran. 1080 sks.; mid dlings. 160 ska; hay, $19 tons. WOOI. TRADING IS OP FAIR VOLUME Prices Hava Been Fully Maintained With Some Advances. BOSTON. July 1. The Commercial Bul letin will say of the wool market, tomor- TOAfair volume of business ha. been trans acted this week at prices which have been fully maintained with slight advance, in a few instances, notably on the quarter and three-eighths blood fleeces, which are now quoted at 80c. The bulk of the business has been for territory wool In original bags at firm and unchanged prices. ' At London, prices have continued-andt an advance of fully -10 per cent is noted. Liver pool has shown a rtse of five per cent with American purchases of Jorias good. V Closing of Dardanelles Causes Sharp Advance at Chicago. SEPTEMER UP 2 CENTS Reaction In the Middle of the Day Is Followed by a Rally on News or Big Export Sales at New York. " CHICAGO. July 19. The closing of ths Dardanelles by Turkish-Italian hostilities brought about much excitement today in the wheat trade and caused the market to fin ish at a net advance of 1 to 2 points a bushel. Every foot of space In the wheat pit was Jammed and broaers were shriek ing and beckoning like madmen when the opening gong struck. The news from Constantinople that all cereals from the Black Sea district one of the principal granaries of the world had been tied up Indefinitely was public long before business h6ura No one stopped to take 'breath until there was an unconfirmed rumor tbat the clos ing of the straits had been revoked. Re action from the extreme advance carried wheat values back almost to yesterday's xlnjitnp ffiriire.- As the session progressed big export sales were reported, some estimates being as high as 55 boatloads to go from New York to Europe in consequence of the embargo on traffic southward from the Turkish capital to tho Mediterranean. Corn bulged with wheat, forcing shorts to cover and enabling large holders to unload at a 2-cent advance. Fltghtlness had a greater hold on oats than other cereals. Trie presence oi a mitnreirheil war OOSBibilitieS. Although provisions at one stage sold off nnder liquidation, there was a subsequent upturn, influenced largely by higher prices for hogs, as well as because of the advance of grain. Fork, wltn a rise oi uss-.a'. led the way. Leading futures ranged as follows: WHEAT. Open. High. Low. July $0.97 $0.98 $0.86 Sept. Dec. May July Sept. Dec May July Sept Dec. May Sept. Oct. Jan. Sept. Oct. Jan. .95 .97 1.01 .71 .65 .66 .67 .42 .33 ..14 .37 .17.65 .17.73 .17.85 .10.55 .10.60 .10.20 93 .98 1.01 CORN. .72 .66 .67 .07 OATS. .43 .33 .35 .37 PORK. 17.72 17.80 18.10 LARD. 10.62 10.67 10.27 RIBS. 10.60 .93 .96 .99 Close. $0.97 .94 .97 1.01 .69 .64 .56 .56 .42 .33 .84 .3(1 17.42 17.60 17.85 10.50 10.55 10.20 .69 .65 .56 .67 .42 .33 .34 .87 1T.6T 17.75 18.07 10.62 10.67 10.25 Sept. 10.47 10.60 10.42 10.50 Oct. 10.42 10.42 10.7 10.42 Cash quotations were as follows: Floui: Steady. T,- V, '1. 74e Barley Feed or mixing, nominal; fair to choice malting, nominal. Timothy seed 6.507.60. Clover seed $15&j18. Pork Mess. S17.37 17.50. Lard In tierces. $10.47. Short ribs Loose, $10.37. n.aln .tftrtstics: Total clearances of wheat and flour were eaual to 2S2.0O0 bushels. Primary receipts were 883.000 bushels, compared with l,5o9. 000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat, 89 cars; corn, 131 cars; oats, 108 cars; liogs, $000 head. Minneapolis Grain Market, MINNEAPOLIS, July 19. Wheat July, 81.05; September, 96c: December. 9697c i . - . , i. .. .1 . 1 ta ii . x'rt 1 VnrthM tl i asn ;o. a iau, . vj n . ... -- $1 ofl; No. 2 Northern, S1.04; No. 3 wheat, $1.02. Flax, si.w-. Barley, 45 95c. Rye. No. 2, 70c Bran, In 100-pound sacks, $20,621. European Grain Markets. LONDON, July 19. Cargoes, steady. Walla Walla. September-October shipment, at 38s. rtiEiiKh country markets, firm; French coun try markets, quiet. LIVERPOOL, July 19. Close: Wheat July. 7s 7d: October. Ts 3d; December, 7s ld. weather, clear. Pug-et Bound Grain Markets. SEATTLE. Wash., July 18. Wheat Blue stem, 92c; fortyfold. 87c; club, 87c; file, S7c; red Russian, STc. TACOMA, Wash.. July 19. Wheat Spot: Bluestem. 95c; club, 91c September deliv ery Bluestem. 85o; club, 81c Yesterdays car receipts Wheat, 20; hay. 4. Grain In San Prancisco. SAN FRANCISCO. July 19. Walla Walla. $1.60 01.62; red Russian, $1.65 L70; Tur key red. 1. 706.1.75; bluestem, $1.6501.67: feed barley, $1.371.40; white oats $1.40 bid; bran, $288 28.50; middlings. $36l&37; shorts, $33. - Call board sales: Wheat, no trading. Bar ley, May, $1.37 L88 ; December. $1.33. Metal Markets. NEW YORK, July 19. Copper firm. Standard, spot. 176 17.23; July. 17.12 17.37: August, 17.25gl7.S7 ; September, lT.lo' 17.25; electrolytic, 1717; lake, 17 17; casting. 16 17. Tin easy. Spot 43.40 ffl 43. TO; July. 43.20 43.50; August, 43.26 43.O0. Lead quiet. Spelter firm, 7.20&7.40. Antimony dull. Cookson'a, 8.25. Iron steady, unchanged. Copper arrivals at New York today. 750 tons. ExDorts this month, 18,372 tons. Lon don copper steady. Spot. 77 8s 9d; futures. 77 I3S Ua. locai sales ui iin, iuii.. London tin easy. Spot, 198 10s; futures, 195 15s. London lead, 18 10s. London spelter, 26 5a Iron, Cleveland warrants. 7s so, Chicago Livestock Market. CHICAGO, July 19. Cattle Receipts 1000; market, slow, strong. Beeves. T5.509.45; Texas steers, $4.907.05; Western steers. 5&07.8O; stockers ana ieeaers, kojo .50: cows and heifers, $2.0067.50; calves. $3.5068.50. .. . ,0 MOgs Iteceipta. ll,wui ma..i,c, a.,v,.a, . j cents up. Light, $7.3597.85; mixed. $7.25 t G.i- h.avr X7.10(7.80: rough. $7.107.80; pigs, $5.707.50; bulk of sales, 87.45 7.80. jneep rteceipia, ivr.ww, --.. b.wuj a shade down. Native, 83.1585.25: West ern. S3.40S5.25: yearlings. $4.1505.75; na tive lambs. $4T.40; Western lambs, $1.25 7.40. - Coffee and Sugar. closed, steady. 4 to 10 points net higher. July 12.95c; August, 13.02c; September, DecemDer, w.iw, '. . . . 13 29c; March. 13.39c; April. 18.40c; May and June. 13.44c. Spot steady. Rio. No. 7, 14 c; Santos, No. 4, 16c. Raw sugar eieauj.. 3.48c; centrifugal, 96 test. 8.88c; molasses. t test, o. , . ...... ... j. London Wool Sales. t Avnnv Tnlv 19. A fine selection of 11 079 bales was offered at tho wool auction saies today. The demand continued brisk from all sections, and prices were generally firm but the recent extreme rates were not paid' owing to buyers having filled their most pressing requirements. Queensland scoured clothing sold at 2a $d. Dried Fruit at New York. x-c-to- -votitcl July 19. Evaporated apples. steady; fancy. S10c; choice. $9c; prime. 7Oi'Hc tnin steady: California, 39c up to 30-40S. and 9c for Oregons. Peaches easy; choice. 6c; extra choice, 77c; fancy. 7e9c Naval Store. EtVA.v.VAn, W., -uir iutuiuua firm 43c Sales, 1139 bbls.; receipts, 962; shipments. 0T; stoclts, 35 009. . KOSin iirm, "'t , . . . . ... 4Ui. ...u.1. mi nnn ...a.a. 2S00: inipmeuw. s.to. xuu.d. B 11H' D, $.50.65; E. $6.75; F, G. H. I $7- K. $7.05&7.10; M. $7.107.25; N. Wg $7.50; WW, $7.5087.65. Wool at St Ixrais, ST. LUUlSi JUIJ A . , VVI M.t. w . . I i rltory and Western mediums. 2024c: fine meaiuma, jqw Chicago Plod nee Market. f-TTTnuoo. July '19. Butter Steady; creameries. 23 35c: dairies, 21 24c THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital ..... $1,000,000 Surplus and Profits $ 1 ,000,000 OFFICERS J. C ArNSWORTH, President. ft. W. SCHMEER, Caaaler. R. LEA BARNES, VIee-Prealdent. A. M. WRIGHT. Assistant Cfeahler. .. . W. A. HOLT. Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on ALL FOREIGN COUNTRIES lumbermens National Bank Savings Accounts Large or small are invited, and 4 per cent interest is paid on balances. Capital - - $1,000,000 LADD & TILTON BANK Established 1859. Capital Stock Surplus and Undivided Profit.. as AAA AAA AA 800,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' check issued, avail, able in all parts of the world. OKFTOSRS W. M. Ladd, Pi widen. Robert S. Howard, Asst. CasTllea Edward CMklsfbu, ViosHPXM. J. W. Ladd, Asst. Cashier. V. II. Daacblrr. Caablar. Walter M. Caek, Aat. Caakieo. First National Bank Capital $1,500,000 ' Surplus 900,000 Oldest National Bank West of the Rocky Mountains The Canadian Bank of Commerce INCOKFORATSO 1807. bead Office Toronto, Canada. Hew Tor 18 Bzckana-e Plaea, London 2 Lombard street. Over two Hundred other branches Jn the United Statea and Can ad s Erery care taken ot collectlona, Drafta on all foreign """tf1" ? principal cltiea In United Statea and Canada Bought and sold, an general banking- business transacted. Interest allowed on Tim and Special Deposits. PORTLAND BRANCH, SECOND AND STARK STREETS V. Cm MALFAS, Mansuc- . t afl?Vv If Tears of continuous service under the most IViS :K?J D8 exacting traffic and other conditions Is the Rf.; ( Bia;i v''--'sr!vM supreme test of tho street pavement , c KaM5 BARBER ASPHALT SMf&M Withstands this test. Demand lt In your EPS street Improvements. ' fc-f Eggs Steady: receipts, 11.015 cases; at mar It. cases included. 16ttlSlc.; ordinary firsts, 16c; firsts, 17 c. ..,,,,. Cheese Steady; daisies. 15Jt15c. twins, lattc: Younir Americas, lii&lo1c, long horns, 15VlSc, New York Cotton Market. .An? . i .. in Cnttnn futures closed steady, 1 point higher to 1 points fowen July and August, l-21c; September 1" 31c: October. 12.43c: November, 12.44c, December and January. 12.43c : February. liiScl March, 12.54c; May 12'60J;,,,,,SPnoJ closed aulet 20 points higher. Middling Spends, lli "soc; middling gulf. 13.05c Sales, 100 bales. Dnluth Flax Market. DTXL.UTH. Minn., Juij seed, on track, to arrive and July. Il.. September. il.87K bid; October. Ltt bid. Bntte Saloonkeeper Charges Graft. nTYnvrri-c TLTnr. Tillv 1 9 flwen MC- DUllEi .... ... j Caw, a saloonkeeper whose license waa revoked yesterday because he permlt- ted gambling in his place, today told Mayor Duncan that he had been paying 25 a week for "protection" to a go between who acted for certain city of ficials. Other saloonkeepers. McCaw declared, also paid tribute. An Inquiry has been ordered. - J.C.WILSON&CO. STOCKS. BONDS. GRAIN AND COTTON UKn ir. iv- NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANCI CHICAGO BOARD OF TRADE THIS STOCK AND BOND EXCHANGB SAN FRANCISCO. pnnTLAirD OFFICE: Main Floor Lumberaens Bank Bldg. i'Utn ana siarK. Phones Marshall 4120, A 1137. BITULITHIC PAVEMENT ' cleans just as thoroughly . in warm weather