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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 26, 1913)
DIM Ifl MARKET California Wheat Demand Is Earlier Than Expected. GOOD BUSINESS IS WORKED Trices Firmer With Opening Coastwise Trade Bluestem Vp of Sells Vp to 0 6 1-2 Cents Supply Is in Strong Hands. California com to the front aa the nrininal hniR of ht In tha Notthmtt. . . rf.a ' hava bea DUt lroush and whlit the bualneaa 1 not h-mry jet. It la sttadlly Increasing- mt'vm hnvlnr from tbat Quarter In March, bat tne trad baa rovlv-xl aooner than expected. w flfmM wtih tfi onenlnr up of eouthern trade. Blneatem aold yeeter- ay on tne ! or t ana t M.. f mmimh in the eountnr are In irons hands and It ajain looka as If the Jt mark would eventually Be rearnea. n wheat was Quoted at ;9S6 eenta. Not much waa available at the lower flimre. O.'ferlEca by fartnere of all kinds were light. Trad In i In the other grain departments waa limited. Oats were held firm, but the demand waa not brisk. Barter Ixcal receipts. In cars, were reported by t ie Merchants' Kxenange as "Wheat. Barley.Flour.Oats.Har. Monday 1 it Tll-vday 1 It Se'"on"0oiU-13.I 1M K Hjj " year ago 10.7:3 3u l.t.0 1.17 21' Foreign crop conditions are summarized by the Liverpool Cora Trade News as follows: I'nlted Kingdom Owing to continued wet . . . -.Ill X.. , r. mnriM of lOSS OI oolor to the wheat plant- The weather has, owew. Improved now and Is seasonable. f France The wheat crop In the west Is rather poor: elsewhere the outlook Is satls- factory. Native supplies are liberal, but mostly of poor quality. The weather Is sea sonable and shows much Improvement. Oermany Crop conditions are unchanged. Offerings of native wheat are more liberal and the quality better, although millers need heavy wheat for mixing purposes. The weather la mild. Rutiria There are complaints of crop damage In the south as a result of lackor snow cover, with low temperatures. The acreage sown Is small. Arrivals from the Interior are small. The weather Is cold. Roumanla the crop outlook Is generally favorable. Supplies of native wheat small. The weather Is frosty. "Hungarjr There are some complaints as a result of unfavorable weather conditions. Australia The official standards of con tracts for the new crop have been fixed at a hlrh weight. Italy The crop outlook la favorable. It Is expected that Importa will continue on a a-ge scale. The buying of foreign wheat Is now slow. The weather Is generally favor able. 1IUF.I FOTATOE9 A3 FOOD FOB CATTLE German Process Is Reported to Be Suc cessful. ' The Pacific Coast Is becoming a great potato growing section and some trouble may be found m the future In disposing of the surplus. The experience of growers In the present season hss shown that It Is easy to overstock the market rn a fruitful year, and ; unless a place can be found for the surplus, the Industry cannot be made profitable. In Germany they have a way of drying potatoes for cattle food. Consul-General Cklnaar, at Bamburg. sends a report on the subject, which will Interest Oregon farmers. He says: "The growing recognition of the value of dried potatoes for cattle-feeding purposes Is reflected In the Increase In tha number of establishments In Germany In which the var ious potato products are prepared. At the end of the business year on July 11. 1S10. there were "57 such estabishments In this country nearly all of them being operated In connection with large agricultural onder t.kinra. Tha amount of raw material treated In the year 1J0O-I0 was SS:.t tons and In .10-11 It waa 417.641 tons. The use of dried potatoes as food for rsttle arose from the Impossibility of feed 4 lr.g raw potatoes without causing certain forms of sickness. It was equally impossible to boll large quantities without heavy In vestment for specially constructed boiling ap paratus, and In any event raw potatoes can be preserved during a limited time only and are subject to deterioration toward Spring, sometimes being a total loss. These several Inconveniences are avoided by drying po tatoes according to processes which appar ently originated In 102. By feeding swine and aheep with six different kinds of dried potatoes It hss been proved that the food la digestible. e DEMAND FROM F-NGLAND FOB HOPS Farmers' Stack la Oregon Keduced to 138 Bale. The unsold supply of 112 hops In Oregon was checked up again yesterday and found to total CMS bales. The bulk of tha stock 1 low grade. There was Inquiry on the market fnr ex port account, but not so much demand from the East as wa -the case a short time ago. Sales reported " yesterday were the Joe Cawrse lot of tti bales, at HUIzooro, to A. J. Ray Sob; A. Relchel lot of 48 bales, at Woodburn: ganders Brothers, 43 bales, at Kubbard. and the iloore lot. IS bales, at Hubbard. A California .wire announced the sale of tot bales of Sacramento at 1'4 cents. Beer business Is apparently in good condi tion. The preliminary estimate aa compiled br the Western Brewers" Association shows Inr m a a In f Ti . uIm In lha ITnlt..! Stiia, January, 1J13. of a little over SO per aa compared with January, 1912. ECUXZ IN EGG I'KICT.8 19 CHECKED 6uppUea Are Rradlly Hosed at Current rrlocs ' foul try Firm. There was no change in the egg situation yesterday. The market was steady, as no difficulty was found in disposing of re ceipts. Candled stock sold at lSHttlSe and current receipts at 17HflSc The Cali fornia market has ceased Its downward course, and there is do occasion for a fur ther decline here. Poultry was In moderate supply, and a sharp demand made a firm market. Good hens sold readily at IS cents. No broilers or fryers were to be had. but If any were offered they would have brought 20 to 23 cent. Dressed meats were firm. Butter and ctrees were fairly steady with a normal demand. . Mohair Supplies Cleaning fp. There continue to be a fairly good de mand for domestic mohair of fair to good slaplo at firm prices, but supplle are rap Idly being cleaned up. says the Wool and Coton Reporter. Soma Interest In foreign pair Is shown, but not much has been sold In the local market aa yet. Some business has bees placed abroad quite recently, and receipts of these purchase should be In hand soon. The foreign mohair yarn spinners are fairly well employed at the moment, - and have been buying with fair freedom In Bradford, while further purchases In Con stantinople are also reported. Compara tively Utile hair Is left In Port Elisabeth, and prices there are firmly maintained. Orange Quoted at New Price. A car of oranjes was received yesterday jt ... .. ,aa it tha ativmneen nrlne or lmprov. Apple continue to sell fairly well lm at at steady prices. Rrpe bananas are still scarce. Among yesterday's -vegetable receipts was a shipment ef new sweet polstoes from 6outhera California. They were quoted at 4 cents a pound. A ear of celery and let tuce is due today. Baak Clearings. Bank clearings of the Northwestern cities yesterday were as follows: , ' . Clesrtngs. Balances. Portland 1,1S.1U8 -3J.?Sii Seattle 2.537.1S2 176,173 Tom, ... SM.KOl 72.719 IpcST". 7,142 83.115 PORTLAND MARKETS. Grain. Floor, Feed. Etc. WHEAT Track prices: Club. Boffiec: bluestem, 0690CV.C; 40-fold, 86c; red Rus sian. Mc; valley. 86i"a 87c. BARLEY Feed. S23.&0 per ton; brew ing, nominal; rolled, 2S.60-3r 26.00 per ton.' CORN Whole. 27; cracked, 23 per ton. FLOUR Patents. 84.70 per barrel; straights. $4.10; exports. J8.S5 J3.93; val ley. 4-70; graham, 14.60; whole wheat, 4 80. MILLSTUFFS Bran. 2ie21. Pr ton; shorts. ii(C-i0 pe.- ton; middlings, J0 per ton. HAY Timothy, choice. 1SJ1T; mixed. Eastern Oregon timothy. I1012.50: oat and vetch. Ill: alfalfa. J11.5U; clover. 1; Straw, $89 T. OATS No. 1 white. J7?27.S0 per ton. Fruit and Vegetable. APPLES Kpitzenberg, era fancy, $1.25 1.50; choice. Tor-ril. Yellow Isewtown. extra fancy. 1.25a 1.60: .choice. ...c a U. Wlnesap. extra fancy. 1.25fa l-SO. Red Ch-ek Pippin, extra fsocy. V - t Ttd" kaiuai Black, extra fnncy. Bald win, extra fancy, in LIS: choice. .5cfcl. Home Beauty. 1.25wl.50. Ben Davis, etc., common park. POtM'W. ...- TROPICAL FRUITS Oranges, Navels. 12.7543.2.-.; Florida, 4.50; California grape fruit. 2-7.'.rS.25; Florida grapefruit, 5: lemons. I7U7.5" per box; pineapples. ic per pound: tangerines. (2.29 . VEGETABLES Artichokes. 81.60 per dozen: cabbage, lo per pound: cauliflower. 22.2B per crate: celery, 2.0O4.50 per i rrw t m, rim,n: exe crate; CUCUiaiiaia, " ' - plant. 10c pound: head lettuce, 50 per crate: peppers. 2Sc per pound; radishes. 35c per doxen: rhubarb, 2.50 per box; .,. iru.. tomatoes. 82.2502.73 per box; garlic 6 8c per pound. ,, BACK VEG61ABLM '""'l-i per sack: parsnips. OOcSU Pr sack; oar rots. 90c 1 per sack. ONIONS Oregon. $1 per sack. POTATOES Jobbing prices: Burbanka, r.Oo per hundred; avreet potatoes, 4c per pound. Dairy and Country Produce. POULTRY Hens, 13 16c: broilers, nominal; turkeys. live. 20c: dressed, choice, 25c: ducks, lrtai ISc: geese. 13"l-c-,, i i a-,h lrw-la candled. 184flycper doxen: current receipts. 17Sl(c. CHbESti uregon wipuio, Americas, nominal. t . - i - n n.,.nn iremer butter CUDSa, 87V4 Pr pound prints. 3o per pound. PORK Fancy, i"'U""'Au pr v""" VEAL Fancy. 1414Ho per pound. Staple Groceries. SALMON Columbia River, one-pound alt . 12.23 per dosen; half-pound flats. 91.su, one-puuu . ... , . - one-pound talis. Sic; sllversldes, one-pound talis, Jl ij. HONEY Choice. $3.2503.73 per case, vf-c n-.innt. lfif. n,r nound: Brasll nuts, 12H16c; filberts, 14dlSc: almonds. 18c; peanuts, ovroc; cutun""!". v , doxen: chestnuts. 11c per pound; hickory nut, sesiuc: pocans. 17c; pine, 17tt920c. ........ . .11 HI., Atf Inr,. whit. D&A.a oiu', " - 45c; Lima, 6e; pink. 4.70c; Mexican. 5c; bayou, tuc SUGAR Fruit and berry, J5.25; Honolulu powdered, barrels, 3.50; cubes, barrels. lo.tro. COFFEE Roasted, in drums, 240400 pet pound. SALT Granulated, $14 per ton; half ground 100s, 110 per ton; 60s, 10.75 per ton; dairy. 112.50 per ton. n.nn w , 1 .. rdiRU.. ,Kna Ir.iles, 4 fee; Southern head, S8l apricots, 12614c: peaches, 8illc; prunes, t . J Guirv. allva, 1 fln. fla whltft M fl linn i&iia, on, iw, .' -.a. hlack, 6H7c; curranu. 9Hc: raisins, loos n i 11 1 w T l r - KlAa(.tie1 ThomDHn. ll'ic; unbleaced Sultanas. 8c: seeded, TriiiSVic; dates. Persian, TVso per pbuad; fard. fl.CS per box. FIGS Twelve 10-ounce. 86c; 60 6-ounce, tl 85; 70 4-ounce. 2.50: 30 10-ounce. 12.26; loose. 60-pour.d ' boxes, 614 1 7c; Smyrna, boxes, Xl.10ttl.25; candled. 3 per box. ProvisloB. HAMS ! to 12 pounds, 18ttlo; U to 14 pounds, lS&li4c; picnics, lxc; cot. ;nje roll. 13c BACON Fancy. 2"i?2Sc: standard. 22 (P23c; English. 10 to 12 pounds. 21c; 12 to 14 pounds, 20c LARD In tierces, choice, 14o: com pound. 94c. DRY SALT MEATS Regular short clears, 13fl4Hc; snort clear backs, 12 to 16 I be., l4Ui?13c; short clear backs, 18 to 25 lbs. lSVifil5c; exports, 14c BARRELED BEEF Extra mess beef, 14. mess beef. 13; plate beef. 820; rolled bone, less beef. f3u. BARRELED TORK Best pig pork, (24; br.sket pickled pork. 823023. Hops, Wool and Hides. HOrs 1012 crop, prime and choice, 189 lie per pound; 1113 contracts, Htf lie per pound. PELTS Pry, 1213o; lambs, 23 35c; full wool, $1.2rrl-35. WOOL Early shorn, east of . mountains. 13 Si 20c per pound. HIDES Halted hides, HHS12s per pound; salted calf. ld18c; salted kip. 12914c; green hides. 11c: dry hides. 2122c; dry calf No. 1, 23c; No. 2. 2uc; aalted bulla, 8c CASCAEA Per pound, JKtMKc: car lots, 4 trie. GRAIN BAGS C'ki0c, according to de livery and terms of sale. Linseed Oil and Turpentine. LIXSEED OIL, Raw, barrels, 58c; boiled, barrels. .VHc; raw, cases, 61c; boiled, cases, 63c OIL MEAL Carloads. 837.30 per ton; less than carload. $40 per ton. TURPENTINE Barrels, 61 He: cases. 64c. GASOLINE Naphtha, In Iron barrels, 10c; la cases, 23c; motor gasoline, in iron bar rels. 17c: cases, 24c; engine distillate, in iron barrels, bc; In cases, 15V.C SAN FRANCISCO PROnrCK MARKET Price Quoted at the Bsy City for Vege tables. Fruits. Etc. SAX FRANCISCO, Feb. 25. The follow ing produce prices were current here today: Fruit Apples, choice. 60c; common, 40c; Mexican limes, nominal; California, lemoaa choice, 17.00; common. 84.00; navel oranges, $l.2ij.J; pineapples. H,iDZ.i9. Cli.'cac 1 oung America. loMsc Butter Fancy creamery. 34c: seconds. 32?c. Ksss store, 16c; fancy ranch. 17c. Hay Wheat, tzittli: wheat and oats. ;:i.5u23: ailalt. 812.50315.50; barley, 318 (tl. Potatoes Oregon Burhanks. 75'UOc: Sa linas Buroank. tlvl.2r: sv.eetd. 81.83-;.. VcgftaMrs Cucumbers, 1f 3.25; green Seas, 3u) 4oc; string beans, 25c; tomatoes, 5tf 60c; eggplant, 25c; onions. 6Vfc 73c. Receipts Flour, 6S2 quarters; barley, OG. centals: potatoes, 7425 sacks; hay, 211 tons. CUauges in Available Supplies. NEW YORK. Feb. 25. Special cable and telepgraphlc communications received by Bradfetreets show the following changes In available supplies as compared with previons account: Wheat Bushels. United States, east of Rockies, de- . creased 982,000 United States, west of Rockies. increased in.tii'o Canada decreased 1.417,000 Total U. . and Canada decreased 2,2W-.'"" Afloat for and In Europe Increased 700.000 Total American a.ld European supply decreased i.5b2.uou Corn U. S. and Canada Increased 2,483,000 Oats V. S. and Canada Increased 1.16S.O00 The leading, decreases reported this week follow: Manitoba, 1,311.000 bushels; Fort Worth, 50.0m). Metal Market. NEW YORK. Feb. 23. Copper steady. Standard spot, 14.07 bid; February, 14.05 bid; March and April. 14.12 & 14.62: May and June, 14.' & 14.50: electrolytic, 15.00; lake. 15.25; casting. 14. 44. Tin steady. Spot 47.7548.00: February, 47.2394S.00; March, 47.05347.37; April, 46.50 46.87. Lead steady, 4.-t". ;... . Spelter quiet. .23 6.35. Antimony dull. Cookson's, 9 25 9. 40. Iron steady, unchanged. CouDer exports this month, 24.04T tons. London copper quiet. Spot. 164; futures. 64. Local exchange sales tin. u tons. London tin strong. Spot. 213: futures, T .on don lead. 16 7a 6d. London spel ter. 25. Iron, Cleveland warrants. S9s 9d la London. , Minneapolis Grain Market. MiNVKAPOLIS. Feb. 25. Close: Wheat. May, 8c; July, 89.CS?c; Sept.. 8?.c SE a . L. . DaHl, 00 -e., -.v. 7i,K4i.. No. 3 Northern. 85fl?S4c: No. 1 hard. Montana. 88c; No. 8 wheat. 83 IS 84. uran, 1 1 i.ovxf-a.ww. Flax. S1.S1S. Barley. 42 & 55c Dried Fruit a New York. -.-ii,. vnsir treH 2.V Kvanorated aonles. quiet. Ciolce. '9lSc; prime, OiitrSixc. Prunes, steady. Peaches, dull. STOCKS RALLY LATE Recovery at Close After Se vere Drive by Bears. MARKET STILL UNCERTAIN Xew liow Points Are Touched in Quotations of Many Leading Is ' ijsnes llarrlman Biasolatlon Question Principal Factor. NEW YORK, Feb. 23. After another bear drive had forced quotations of many stocks to new low points fo. the long decline, tho market rallied today. The market wa still uncertain and at tlmca decidedly unsettled. New low prices were recorded pr Union Pa cific Amalgamated. Steel, St. Paul. Erie, Atchison, the Hill stocks and a long list of less Important Issues. Activity on the short side was confined principally to the first hour of trading. Selling of inactive stocks continued, losses runnliig up to five points. The one new factor of genuine interest was the decision of the California Railroad Commission that where the Southern Pa cific granted to the Central Paciflo use of tracks and terminal facilities, the same priv ileges should be extended to other compet ing lines. In the opinion of the heads of the Harriman lines this ruling, If sustained, would Interfere seriously with the proposed dissolution plan, and might even cause its failure. There waa some selling of Union Paciflo when tbe significance of this ac tion became known and the price fell under 153. The most effective support, however, was upon Southern Pacific, which was bought on the theory that the company would be benefited by upsetting of the dissolution plan. Southern Pacific became the strong est of the leading issues, riving more than a point above last night's close. Weakness of the copper group reflected a further decline in the metal market, Lon don quoted lower prices and In the do mestic market, sale of refined metal for future delivery were reported at under 15 cants. The recent heaviness In bonds, in sym pathy with stocks, was unrelieved today, quotations making further progress down ward. Total sales, par value, 82.2SC.0O0. United State 2s declined H on call. CLOSI.NO STOCK QUOTATIONS. Repo,rted by J. C Wilson Co., Lewis builuing, Portland. Closing Sales. High. Low. Bid. Amal Copper .. 27,5iR ou1. 65 66 Am Beet Sugar. oOO 34', i4 M American Cu.n.. 21,14H :4 ttlft 3x do preferred.. 2,100 lm 118 lit) Am Car Fdy., 1,000 4W 47 H 48 Am Cotton Oil.. 100 4b 4b:fc 48 Am amel A Kef 4,M0 67 n 66 67 do preferred.. W) lviit 108 1 103 American Sugar 7U0 115 114 1 114H ao preferred.. 114fe Am Tel & Tel.. 1,000 182 131 131 Am Tubacoo ... 1,500 2o7tt 2U4ft Anaconda 2,to) 84 Va ': 33 Atl Coifct Line.. 3UO 123tt 123 120 AT Santa Fe 5,000 lou5 loo lWi do preferred.. Too lot) loo Bait A Ohio ... 2,3KI 10Oi i'VM ! Brook R Iran.. 1,300 87 87 Vs 7Vi Canadian Pac .. 4,500 230s 22 22Un C tk O L2V0 72- 71. 71 is OiGW 1,000 14' 13 13is C & N W W) 133 332 132 l M St Paul 4.7001 107 . 106 106H Central Leather 2.0OO -ili 25 26?a Central of i J 245 Chino 2,5lM) 87H 36 SOTi Col Fuel 4c Iron 1.4O0 33 V. 31b "1 Col Southera -7 Consul Uu .... 1.200 128ft 12T 127 D L 02 W 3ll D ts R G 300 1DV 18?, 1SH Distillers Secur 300 17 17 I f Kilo 28.100 !?, 25S 25T Cieu Electric ... 20O 138 5i 133 5 135 ix Gt North Ore .. 600 31 33 S3 Gt North Pf ... 4,500 125H 124 ' 124 hi Illinois Central. 6oO 122V, 121 12li intcrboro Met .. 3,.10O 16 16 10 Vs do profetred.. a.100 57 5. 57 ie 57 "4 Inter Harvester 500 107 106 106 H K C Southern.. 100 t3 2S"4 23 Lehigh Valley.. 2,700 l,v I5a 153- Louis A Nash.. 2,700 18iH 129V. l-'-O Mexican Central 100 23 23 22 M. S 1' & ti S M 100 134 134 132 'A Mo. Kan & Tex 2.000 25 i 24 24 Mo Pacific 3.700 30 30 B6V, National Lead.. 40 4Kfc .47 'i 4Sj Nat Biscuit ... 200 HiiTs 112 3i:i!4 do preferred 116 N Y Central ... 700 105H 104 105 ' N T, Ont & Wes 600 2 20 20 Norfolk & West 2IHI 106 ii lo6ii 106ik Northern Pac .. 4.000 115 114 114 Pacino Mail .... S00 26 25 20 Pacllio T & T.. 600 27 S6'.4 36 do preferred.. P2 Pennsylvania ... 6,100 118!. 117i 11774 People's Gas 10! Reading 7f.2tH) 155 153, 153 Republic S & I.. 1.500 24 23-4 24 Kock isiand ... 2,500 21 21 21 'i Southern I'ac .. 2;.5o 1"0 l! Pl Southern Ky ..." S.iOO 25 24 '4 24 V- Union Paclllc .. 73..VO 154 152 152 do preferred.. 200 87 86 80 United Kds S F 24 u s steel 113,400 o r.n r.o do preferred.. 1.40O 107 107 loT Utah Copper ... 3.0(H) 51 50'i 61 Wabash 300 3 3 3 Western T nion.. l.OOO 7 .. 66 Wasting Eiec .. -70O 6$ (IS (W Wisconsin Cent 47 Total sales for the day. 534,500 shares. BONDS. P.eported by Overbeck ft Cooke Company, Board of Trade, Portlaud. Bid. Aske.l. Amer Tel ft Tel conv 4s 104 105 American Tobacco 4s 06-?i ..... American Tobacco 6s 120 Atchison general 4s VH Atchison conv 4s l,(o Atchison adj 4s stamped "7 Atclilson conv 5s 100 11 Atlantic Coast Une cons 4s.. U3 "4 At Coa.t Line "L ft N coll" 4s t0 Baltimore ft Ohio 3s M M) Baltimore ft Ohio 4s ll 1'7 lti-ooklvn Kapld Transit 4a . . . K7 87 Canadlnn Fouthern first Cs . . . . lOO 10'. C & O 4s 0S 100 C H & Q gen mtg 4s 4-) I'.i C B ft G Jolt-t 4s . "5, C B ft Q Hi 4s !63i C H ft Denver 4s 4 Central pacific first 4s !" Chiooso ft Eastern 111 4s 75 Chicago K I ft P ref 4s 86 vi 80 C II 1 ft P Col trust 4s 62 63 Colorado Southern first 4s .... J3 !'4 Denver ft Kto Grande 4s 87 88 Ieiaware ft Hudson conv 4s ... t7 07 Kile first cons P L 4s 85 Wl Int Met 4s 70 70 Jnranese 4s .....81 83- Japanese first 4s 88 8K Japanese second 4s 87 . 87 L ft N uni 4s !6 HUi Mo Kan ft Tex 4s SO "0 Missouri Paciflo 4s 01) 74 New York Central 3s 84 8S N T Central L S 3s 77 77 New York City 4a of 1057 ...104 104 Norfolk ft Western 4a 6 6 Norfolk ft Western oonv 4s ...105 106 'i N Y Ont ft Western 4s 2 Northern Pacific P L 4s 9" 17 Northern Pacific 3s 67 67 Oregon Short Line 4s "0 Oregon Ry ft Nav 4s 0354 l5 1nna Rv 4s of 1018 .....104 1 04 Philippine Ry 4s 8" licadin gen 4s 6 16 Republic of Cuba 5s 101 102 Houthern pacific first ref as ... 02 3 Southern Paclfio col 4s 05 Southern Hallway 4 77 77 St L ft S F ref 4s 75 75 ITion Pacific first 4 W Union Pacific conv 4s !24 fi-Vl Union Pacific ref 4s 83 . 3 United States Steel S F 5S ...100 1 United States 2s registered ...100t United States 2s coupon 100"i United States 3s registered ..102 103'i I'nlted States Ss coupon 102 103 . United States 4s registered ...113 114 I'nlted Stales 4 coupon 113 114 United Railway S F 4s 62 03 United K. St L 4s ( Wabash first 4s 56 . Western Union 4s 94 fij Westlnshouse conv 5s 81 2 Western Pacific 5s 86 86 l, Wisconsin Central 4s 80 81 West Bhore 4s 7 98 Boatoa Mining- Stocks. BOSTON, Feb. 25. Closing quotations: Allouex. 34 Mohawk 47 Amal Copper.. 5T4 (Nevada Con 1 Am Z L ft Sm. ils.Mpissing nines, on Arizona Com.... 3 North Butte 4 B ft C C ft S M 5J4 Cal ft Arizona. 50 f-m T Jt. TTMrlA. 435 North Lake Old Dominion.. Osceola ....... 4 85 64 10 24 44 Centannla 13 -'Quinc. Cop R Com Co 43 (shannon B Butte Cop M 114 .Superior 5Sup ft Bos Mln 3 rrankiin Glroux Con ... Granby Con .. Greene Can . . . Isle Roy Cop) Kerr Lake . . . Lake Copper . . La Salle Cop.. Miami Copper . 2 .Tamarack 25 56 U S Sm R ft H 38 7! do r'd , 8 24'. .Utah Con S 3 Utah Copper Co. 50 14 V4 (Winona 2 a1-, Wolverine 64 511 Money, Exchange, Etc. NEW YORK, Feb. 25. Money on call. steu-- -"-r-. W caiu (tOotf rat gar cent; closing bid. 3 per cent; offered at 3 per cent. Time loans, easier; 60 day, 4i4Q4 per cent; 90 davs, 4i 4 per cent; six months, 44 per cent. prime mercantile paper, 4 per cent. Sterling exchange steady, with actual bus. Iness in bankers' bills at $4.8325 for 60-day billa and at $4.8760 for demand. Commercial bills. $4.82. Bar silver. 604C Mexican dollars, 48& Government bonds, easy; railroad bonds, heavy. . LONDON. Feb. 25. Bar silver, easy, at 27 15-1 8d per ounce; money, 44 per cent; rate of discount In the open market for short bills, 8 per cent; do, three months' bills, 4T4 per cent. " SAN FRANCISCO, Feb. 25. Silver bars, 60?4. Mexican dollars, nominal. Drafts, sight, .02; do telegraph, .06. Sterling on London, 60 days, $4.83; do sight, $4.874. Condition ef the Treasury. WASHINOTON, Feb. 25. Tho condition of the United States Treasury at the begin ning of business today was: Working balance $ 77,463,888 In banks and Philippine treasury 43.9b7,8J0 Total in general fund H6,8;4.4i6 Receipts yesterday i'SiS';ss Disbursements The surplus this fiscal year Is $7,120,401. as against a deficit of $23,815,531 last year. Tho figures for receipts, disbursements, etc., exclude Panama Canal and public debt transections. MUTTON TRADE SLOWER PRICES AKB EASIXO OFF WITH LIGHTER IKLT AT YARDS. Day's Receipts Are Small and Trad ing; Is JIainljr In Odd tots of Cattle. Receipts at the stockyards yesterday con sisted of a single shipment of Central Ore gon sheep, but there wa some stock car ried over from Monday to be disposed of. rtie sales were mainly of odds and end, and the offerings brought going prices. In the cattle market there wa not much of top quality to be had. 8teers sold with in a range of $7 to $7.85. Cows brought from $3.25 to $6.25 and bulls from 4 to $8. The demand for mutton stock Is slowing loan. Wethers sold at $6.15 and lambs at f7, both prices under those recently pain. Receipts yesterday were 716 head of sheep, shipped by Morrow ft Keenan, of Madras. Th day's sales were es. follows: Weight. Price. S steers I'KW $7.65 i Steer! 7.00 6 steers J 18 steers "1 7.50 5 steers - S 7.8.. 6 steers "SJ 1 steer ........--...- S"1 ' lowers 1 cow "''O "4 cow '.II .." .JO" 6.00 loco's ::: .p jSc-wr1. 1:::::::::::::::::::: s o 1 oalf 820 7-7n 1 stair 930 5.00 i Sum w g- bulls rnS l bull 17H0 5.00 1 bul 13' 6" 1 bu 1330 6.00 1 bu "50 4.60 1 Sul 1030 5.00 lb"!! i3 oo 220 vearllng wether ' -; 42 lambs I '-2 42 yearling wethers v 6.1.1 The range of prices at the yards wss as follows: Choice steers ..$1.508.25 Good steers 7 00 7.30 Medium steer .. .50s 7.00 Choice cows Good cows 6.00 6.30 Medium cows 0.509 6.00 Choice calves ." W0g 9.00 Good heavy calve iiS, Bulls - 5.504 . VightT -6 Sln Heavy 7.10 Sheep - Yearliner wethers S.nn 6.15 Bwes 4.00 5.15 Lambs 6.00 W 7.00 Omalia Uvestock Market. SOUTH OMAHA, Feb. 25. Cattle Re ceipts 6000; market stead?-. Native steers, $76,8 50; cows and heifers. $aSi7.50; West ern steers, $5.75S8; Texas steers, $36.50; cows and heifers, $4.505; calves, $68. Hogs Receipts- 16,800; market steady, Heavy. S8.2u; liRht, $.S.15.25; pigs, S6 7.KO.T.75: bulk. $8.15i S.20. Sheep Receipts 1O.300; market steady Yearlings, 6.75f(7.75; wethers, $58.60; lambs, $7.75 U 8.75. Chicago livestock Market. CHICAGO, Feb. 25. Cattle Receipts 45uO; market slow. Beeves, $6.7568; Texas steers, $5.256; Western steers, ao.-wio' i.io; Blockers and feeders, $6.15&-8.50; cows and heifers, $3.15T.50; calves, jiwio.zs. Hogs p.eceipts 18.O00: market firm. Light, 8.40i88.72; mixed. S.4O8.70; heavy. $8.25MS70; rough. $8.2." 8.35; pigs, $6.60 S.45: bulk of sales, $8.50if 8.05. Sheep Receipts 20,000; market steady. Native, $5.3006.80; Western, $5.657; year, lings, $6.85(98.10; lambs, native. $7.50sa 8.75; Western, $7.608.65. , BIDDING FOB WOOL MORE ACTIVE Montana Grower Receive 18V4 Cent for New Clip. BOSTON, Feb. 25. A decline in nearly all nidn Is the feature of the domestic wool market. Trading continues light, although some fair-sized lots of territory wool in the grease, both In staple and fine medium clothing, have changed hands. Bidding in the West 1 becoming more ac tive and 18 is said to bave been paid in Montana. Leading domestic quotations range as fol lows: , Missouri blood, 80331c; Quarter blood, 30ft 31c Scoured basis Texa fine, 12 months, 63 ffi04c; fine six to eights months, 5557c; fin Fn.Il. 40ift50c. California Northern, 52(B'53o: middle county. 6052c; Southern, 48'a49c; iull free, 48 50c. Oregon Eastern, No. 1, staple, 63 05c; Eastern clothing. 58 6 00c ; valley, No. 1, 35 cents. T,rriimv Fine stanlo. 63 S C5c i fine me dium staple. 63c; fine clothing, 006lc; fine medium clothing, o.wuac: nan oiuua tump ing. 6061c; three-eighth blood, combing, 57 B 58c; quarter blood, combing. 63SS5c. Pulled AA, 5862c; A supers, 644J58C. Nenv Vork Cotton Market. vr-.w TfiRK. Feb. 25. Cotton. Spot closed quiet. Middling uplands, 12.50c; do gulf, 12.75c. NO sales. Cotton futures closed firm, 13 to 22 points net higher. February. 12;25c; March. 12.25o; April. 12U4C: May. 12.05c; June, 12.00o; July, ii n-. Anunst. 11.28c: September. 11.57c; October, 11.64c; December, 11.54c; January, 11.50c NEW ORLEANS. Feb. 23. Cotton Spot steady, unchanged. Middling, 12 c Naval Store. PAYAnArJ, a. reu. . - firm, 424c. Sales. 8": receipt. 80; ship ments, si; stocks. 18.800. n . . , . -, I 1 CO. H..lnl, 1 O .riosin linn. ''"IC", , . . shipments. 357: stocks, 122.600. Quote: A. -- - . . . . .1 . . T.. tui'lU. E H r. O $6.50; H, $6:0; I. $6.75; K. 6.85; M. $7.00; N. $7.05; W-G. $7.10; WW, $7.15 7.50. European Grain Market. LONDON. Feb. 23. Cargoes on passas steady. Knk-l:"h country market quiet. rrenca country markets firm. . LIVERPOOL. Feb. 23. Wheat: Spot, steady. Futures, steady. March, Ts 6d; May, 7s. 4d: July. Is. 3d. Tuget Sound Grain Markets. SEATTLE. Feb. 23. Wheat: Bluestem. 95c; fortyfoM. 85c; club, (So; fife, 85c; red Russian. S3c. Yesterday's car receipts, wheat 84: oats.ll; barley, 12; corn, 6; hay, 65; flour, 6. TACOMA. Feb. 26. Wheat: Bluestem, 95c; fortyfold, 87c; club, 87c; red Russian, 84c Yesterday's car receipts, wheat, 68; bar ley, 2; .corn, 1: oats, 3; hay, 89. Grains in Saa Francisco. KAN FRANCISCO. Feb. 55. SDOt Quota tions: Walla $1.55 1.07; red Russian, $1.62 1.55; Turkey red. $1.70 1.72 ; Bluestem, fi.ivqp l. rj'ts. reea oaney, ii.du i .i,i' . l. .... In. ftl uTIf i1 .O. hi, a natm $1.46 ($1.47 ; bran, $23& 23.50; middlings, $3031: shorts, $'25 Q 25.50. Call board sales: Wheat Firm. No trading. Barley Easy. December, $1.2794; May, $1.26, Election Day at Chicago. CHICAGO. Feb. 25. Because of a local election the Board of Trade was not in ses sion today. Primary receipts of wheat were 679,400 bushels, against :50,000 a year ago; clearances of wheat and flour equaled 430,- 000 bushels. . . SLUMP IS CHECKED Coffee Bulls Again Their Power. Assert STIFF ADVANCE - IN EAST Xew York Market Closes S6 to 4' . Points Higher on tighter Offer ings, Covering and Strong Hamburg Cahles-. NEW YORK, Feb. 25. The coffee market developed pronounced strength today and re covered from 36 to 47 points of Its recent losses. . , Within tuo last three or four weeks the market has suffered a decline of nearly two cents a pound, owing to general liquidation and aggressive selling. which would seem to have been encouraged by larger esti mates of the coming Braxillan crop, mora generous current crop receipts than expect ed, the comparatively large sales of valoriza tion coffee this season, and a slack demand from roasters. There appeared to be no Important change in the general average of the new today, but the offerings were much less aggres sive than recently, while there waa active covering by recent sellers and a renewal of bull support, which sent price higher, after a somewhat Irregular opening. Private cables from Hamburg said tnai leading bulls were accepting all coffee de livered on contract there, and In addition to European and local buying, there was a considerable aernano irom unuii wi. m Coffee futures opened firm at a decline of eight points on March, which responded to lower European cables, but generally 6 to 19 points higher on covering and foreign buying. Later cables from Europe showed sharp recoveries from the lowest. The closa here waa firm and from 36 to 47 points net higher. Sales, 124.O0O. atarcn, Jr.ii IKV.-.MIV. 12.48c: June. 12.53c July,' 12.60c; August. 12.66c; September. 12.72c; octODer, J , ,, u . - ...u. . , - . ...... H. flnd January. 12.60c. Spot, steady. Rio, No. 7, 12c; Santos, No. 4. 14 c Mild, null; Cordova, 15 17c, nominal. . . . c.nnr. atead-r. Muscovado, 89 test, 2.88c; centrifugal. 86 test. 8.48o; molasses sugar, 88 test, a.Tac iteimro. Chicago Dairy Produce. CHICAGO. Feb. 25. Butter Steady, f-w OOSSC. EKgS steady. Receipts 9563 cases, at mark, case mciuaeu, aif.oi-; lUc. Wool at St. Iul. v rttrro ox .wool steadv Ter ritory and Western mediums. 2125c; fine mediums, isa-zoc: nne, jogno. Duluth linseed Market. DTTLUTH, Feb. 23. Linseed, 1.30 to ll.nn: May. $1.824: July. $1-84. The street pavement is a most important factor in the up building of cities. BARBER ASPHALT has, in every progres sive city through out the country, and under the most ex acting tests, demon strated its durability and economy. , The Canadian Bank of Commerce HEAD OFFICE. Toronto, Canada. , . Established 1367. Sir Edmund Walker, President A general banking business transacted. Interest paid on time deposits. PORTLAND BRANCH, Corner Second and Stark Sts. F. C. MALPAS, Manager. That prop erty of yours would be more valu able if there were a splen did bitulithic street in front of it. J.CWILSON&CO. STOCKS, UO.NUS. GKAIX A.i lOtiU UBMBBRS KEW TURK STUlfc. KXCHAPfGB. hEW IUHK COTTUM sCXCHAIstiB, rnirifio BOARD OF THAOB. TRK I'ltlCK A.D BO.U Kiaii66 SAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120, A 4187. Portland Cement Concrete as a binder for road foundations HAS PROVEN ITS STABILITY AND STAYING - POWERS has proven itself to be a material im pervious to water or any weather conditions, and equal to the increased and heavy traffic of the present day. PORTLAND CEMENT CONCRETE is tbe only material which has given any real permanency in road bases. L. W. Page, Director of the Office of Public Roads, Washington, D. C, says: "For some years the best practice in citr street construction has called for PORTLAND CEMENT CONCRETE FOUNDATIONS. Used for this pur pose, Concrete has proven more satisfactory than any other material, and. no improvement could reasonably be expected." "ROADS AND PAVEMENTS" tells about different typos of roads and gives good reasons -why every tax-payer should take an interest in this subject. "PERMANENT CONSTRUCTION" teaches how to improvise tools and how to manufacture and lay Portland Cement Con crete for permanent improvements around the house and on the farm. Both sent free upon request. Address : Cement Information Bureau 421 Globe Building, Seattle The Association of Western Portland Cement Manufacturers. 708-709-710 Rothchild Bldg., Portland Or. The Strength That Lies Behind This Bank Is that of Its officers and directors. Tears of .service have resulted In addins constantly to their efficiency in serving their patrons. J. C. Atnsworth, President. R. Lea Barnes, Vice-President. R. W. Schmoer. Cashier. A. M. WriRht, Asst. Cashier. W. A. Holt, Asst. Cashier. Paul S. Dick, Asst. Cashier. UNITED STATES NATIONAL BANK Surplus and Capital S2.000.000. Third and Oak. Foreign Exchange Department lumbermens National Bank PORTLAND, OREGON Kesources 6 Millions LADD&TILTON BANK Established 1850. Capital Stock $1,000,000.00 Surplus and Undivided Profits 1,000,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, availabU in all parts of the -world. OFFICEIIS. tv xi TnrM President. Robert S. Howard, Asst. CashlM KdwardCooWnlham. Vice-Pre J. W Ladd Asst. f ashler W. H. JDunckley? Cashier. Walter M. Cook. Asst. CasnUr. First National Bank Capital $1,500,000 . Surplus 900,000 Oldest National Bank West of the Rocky Mountains THE BANK OF CALIFORNIA NATIONAL ASSOCIATION of San Francisco Founded 1864 Capital Paid In. $S'529'25? Surplus and Undivided Profits. ... .$7,851,751 Commercial Banking and Savings Department PORTLAND OFFICE . Third and Stark Streets effects mail and cable transfers, negotiates approved for- elfjn paper, undertake forelgrn collections, estab lishes Documentary Credits, generally con ducts any form of For eign Banking Business.