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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 26, 1913)
mE MORNING OREGONIAN, SATUIirA"S JTJL.Y 26, 1913. 13 STOPS SALES Flour Business With South China Is Checked. FUTURE TRADE UNCERTAIN Inquiry 1-Vom Japan for New lixports Hinges on Settlement of Trans portation Problem Wheat Buy ing: In Country Is Increasing. There is some inquiry from Japan for new crop export flour, but the trade la retarded by the uncertainty u to future freight rates. The Japanese ehow a disposition to buy, and as soon as the transportation question Is settled one way or another, it la thought they will enter the market with liberal orders. As for business with South China ports, it Is out of the question for the present. There was a prospect of some orders being handled, but the revolutionary disorders stopped everything, and until the situation eleara in that part of the Orient, shippers have no hope of making sales. While the market for new exports has not been definitely established yet, it is understood the millers are favorable to prices of $3.65 and This is 80 cents a barrel under the quotations that prevailed in the latter part of the past season. A ittle more business is being transacted In the country wheat markets, but buyers are showing no rush to lay in supplies. It is understood that the latest purchases have been on the basis of 7T cents here. Farm ers are backward about accepting this price. Jt is not likely that much buying will be done before the first of the month. Weekly foreign wheat shipments were as follows: This wk. Last wk. Last year. Argentina .... 7110.000 t450,O0O ,829.01)0 Australia 480.000 712.000 3S4.000 India 1,312,000 2.7B2.O0O 2.504,000 Local receipts, in cars, were reported by the Merchants' Kxchango as follows: Wheat. Barley. Flour. Oats. Hay. Monday 1.1 2 .1 1 9 Tuesday .... 9 2 ft .1 H Wednesday .4 1 2 11 Thursday 4 7 5 Friday X 3 4 1 1 Year ago. ... 8 2 5 . . 4 Seas, to date.187 12B IS ! 132 Year ago 207 140 41. 94 WIDE RANGE IX CANTALOUPE PRICES Demand Is Good. Even Soft Stock Cleaning tp Melons Are Firm. Fruit buying yesterday was on an active scale. A car of meloiia was received and they sold firm at 3 hi cents a pound. There will be a slender supply of melons from now on, as they are scarce In California and high. The cantaloupe market was very firm. even soft stock selling well. Prices had a wide range of $1.25 to $2.75. according to quality. Two cars were due yesterday morn' ing. but were delayed. A car will arrive from Dinuba this morning. California peaches were scarce and firm. There was a liberal supply of local stock. but like most of the early peaches received so far. the quality was against them. Late Oregon peaches will not be on hand in quan tlty for two weeks yet. There were but few good, ripe apricots, though plenty of green stock was offered. Berries were In fair supply and rather slow. Loganberries sold on the growers' market at 90 cents, and raspberries at 75 to 90 cents. Good blackcaps were held at 11.25. COTTON OIL ADVANCING STEADILY Until New Crop Arrives Lower Prices Are Not Looked for. Cottonseed oil prices have advanced 3 cents in the past week. The present local quotation of 86 cents a gallon In barrel lots is 18 cents higher than was quoted In the early part of June. The comparative scarcity of cottonseed oil la now a definite factor in the present mar ket situation, and until the arrival of new crop oil there is nothing in sight to cause any alteration. It Is true that some traders with less courage than others fear that pres ent prices are topheavy, but on the other hand consumers who are in need of actual oil find it difficult to obtain except at a premium The strength In pure lard Is a factor that Is of immediate importance and any further rise In that commodity will, It Is believed, send oil to still greater premi ums. While there has undoubtedly been some outside speculation In oil, as a result of re cent market conditions. It has been only for the purpose of obtaining quick profits, . so that neither the long nor the short inter est has been materially Increased thereby. HOPS ARE FIRM AND ADVANCING Contract Closed In This State at 16V4 Cents. foreign Market Higher. - The hop market is firm, with evidences of some excitement, but no heavy buying Is being done yet. Several buyers are In the market with bids at full quotations, but in the present temper of sellers, business can only be accomplished by advancing limits. A contract was closed In this state yester day at 16V4 cents for 30,000 pounds, and it was rumored that 17 cents was also offered. The following cable was received from London: "Weather wet and cold. Partial crop failure reported causes market to ad vance. London 15s, Nuremburg 10s. Con alder situation warrants higher prices." According to a German cable, the esti mate of the Continental crop has been re .duced to 550.000 cwt. This Is the lowest esti mate by far thus received. The same cable said the Continental markets were advanc ing rapidly. LOCAL DEMAND FOR POULTRY BETTER Receipts Are Ample and Prices Are Steady. Meats Are Scarce. The demand for poultry improved con siderably yesterday, but a larger supply was available, and prices were no higher. Coun try dressed meats were very scarce. Veal was quoted at 15H cents and pork was worth 12 hi cents. The egg trade was moderately active, with some Increase In receipts, but the shrink age was heavy. Prices were not changed. Cheese was steady with supplies Just about . large enough to keep the trade going. With Eastern and Southern markets higher, there is a possibility of an advance here before long. Butter was active and quoted firm. Sale of Idaho Prune Crop. WEISER. Idaho. Julv 25: (Sr,eMl large sale of Idaho fruit Is reported by Miles Cannon, of this city. The sale, negotiated by Cannon's sales agents, the Northwestern riun cuhbiipc, ui j-rtiana, is or tne entire 19J3 crop of his prune orchard, and Involves a cash consideration of aDoroximatel v l.in - lOO. The price Is f. o. b. cars at the or chard. The buyer Is to have his representa tive at shipping point to Inspect and accept mi tun hb mcj K ' mrw aru. Bank Clearings. Bank clearings of the 'Northwestern cities yesterday were as follows: Clearings. Balance.. Portland J1.343.5S4 67.609 g1"1" 1,521.14 115,489 Tacoma 338,197 73,186 oputmue Ohd.yuu 07.910 PORTLAND MARKET QUOTATIONS. Grain. Flour. Feed. Etc. WHEAT Track prices: New club, 789 Tc; new bluestem, Slg82c; new forty-fold, SOTi'Slc; new red. 7o. OATS No. 1 white, 129 per ton; new, $25 9 .s.i.ou ipr ion. FLOUR Patents. $4.70 per barrel: straights. $4.10; exports. $3.5S8.65; va'ley, $4.70; graham. $4.60: whole wheat. I4.S0. CORN Whole, $32.50; cracked, $33.50 per ton. MILLSTUFFS Bran. $24.50 rjer ton shorts, $26.50 per ton; middlings, $31 per ion. BARLEY Feed. $24 24.50 per ton; brew ing, nominal: new feed, $23 j 23.50: rolled. $20.5027.50 per' ton. HAY Eastern Oregon timothy, old, $13; netv, $22 per ton; slfalfa, new, $13.50. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranges. $4.50 WAR 8' per box; lemons. $0010 per boxi pine apples. 67o per pound. ONION'3 California. $1.23 per sack; Wal la Walla, $1.23 per sack. VEGETABLES Boa no, 438o per pound: cabbage, l2a per pound; cauliflower, $2 per crate; oorn. 30o per dosen: ououmbcrs. $11.20 per box; eggplant. 12Ho pound; head lettuoe, 85$?40o per dozen; peas. 5327c per pound; peppers, 8g210o per pound; rad ishes, 10I&12O per dosen; rhubarb. l2o per pound; spinach, 75o per box; tomatoes. $l& 2 per box: garlic, 10c per pound. POTATOES New. Too $1.25 per hun dred. GREEN FRUIT Apples, new. $1.2502.25 per box; cherries. 412c per pound; apri cots. $1.351.50 per box: cantaloupes. $1.26 02.76 per orate; peaches, 35o$1.25 per box; watermelons. $2.50' per cwt.; plums, 75c)$1.8fi per box; raspberries, 75 ttvBQa per crate; loganberries, 90o per crate; pears, $2.25 per box; grapes, $1.50 per crate; casabas, $2.75 per doaen. Dairy and Country Produce. Local Jobbing quotations: POULTRY Hons. 14c; Springs. 19i20c; turkeys, live. 1820c; dressed, choice, 242Jc; ducks, 10gl2c; geese, young. l'lhic EGGS Oregon ranch, case count, 22 23c per dozon: candled, ?628o per dozen. CHEESE Oregon triplets, 16Hc; Daisies, 17c; Young Americas. ISc. BUTTER Oregon creamery butter cubes, 20o per pound; butter fat, delivered, 80c per pound. PORK Fancy, 1213lic per pound. VEAL Fancy, l&(&lbhic per pound. Staple Groceries. Local jobbing quotations: SALMON Columbia River. one-pound tails. $2. 25 per dozen; half-pound flats, $1.40; one-pound flats, $2.45: Alaska, pink one-pound talis, 85c; sllversldes, one-pound tails. $1.25. HONEY Choice, $3.253.75 per case. NUTS Walnuts. 18c per pound; Brazil nuts, 1215c; filberts, 13315c: almonds, ISc; peanuts, 55c: cocoanuts, 90c$l per dozen: chestnuts, 11c per pound; hick orynuts, s10c; pecans, 17c; pine. 17Vi20c. a t. .vis s small wnne, uc; large wnite. 5.906c; Lima. 6.H0c; pink. 4.15c; Mexican, fic; bayou. 4.15c. SUGAR Fruit and berry, $5.-95; Honolulu plantation, $5.40; beet. $5.25; extra C. $4 95; powdered, barrels, $5.70; cubes, barrels. $5.85. COFFEE Roasted, in drums, lS32c per pound. SALT Granulated, $14 per ton; half ground 100s. $10 per ton; 50s, $10.75 per ton; dairy, $12.50 per ton. RICE No, 1 Japan, 55Hc: cheaper grades. 4Vc; Southern head, 563fcc. DRIED FRUITS Apples. 100 per pound; apricots, 12 14c; peaches, 83llc; prunes, Italians. 8310c; silver. ISc: figs, white and black. &hi7c; currants, 9Vic; raisins, loose Muscatel, 6i&7'.?c: bleached, Thompson, llc: unbleached. Sultanas, ;4c; seeded, 7H&8ttc; dates, Persian, 7HSc per pound; fard, $1.65 per box. FIGS Twelve 10-ounce, 85e; 50 6-ounce 1.S3; 70 4-ounce, $2.30; 30 10-ounce, $2.25; loose. 50-pound boxes, 6fi)7c; Smyrna, boxes, $1.10 S 1.25; candled. $3 per box. - Provisions. Local Jobbing quotations: HAMS 10 to 12 pounds. 2223c; 12 to 14 pounds. 2223c: picnics, 15c; cottage rcll. 17 Vic. BACON Fancy. 3031c; standard, 25 26c; English, 21 22c. LARD In tierces, choice, 14Hc; com pound, 9c. DRY SALT MEATS Regular short clears. 14 f&'ltic; short clear backs, 12 to 16 lbs., 10 1014 c; short clear backs. 18 to 25 lbs., 1516Vic; exports, 15 17c BARRELED BEEF Extra mess beef. $20; mess beer, $20; plate beef, $22; rolled boneless beef, $30. BARRELED PORK Best pig pork. $27; picketed pork, $25. Hops, Wool and Hides. HOPS 1912 crop. 1416V4c per pound; 1913 contracts, 1616ttc per pound. PELTS Dry, 10c; lambs, salt shearling. 10CV35C. WOOL Eastern Oregon, ll16c; val ley. IS 19c per pound. GRAIN BAGS Selling price, 10 He Port land. HIDES Salted hides. lOJfllc per pound; salt kip. 12913c; salted calf, lfl18c; green hides. 1010!4c: dry hides. 2122c; dry calf No. 1, 25c; No. 2, 20c; salted bulls. Sc. MOHAIR 1018 clip, 31c per pound. Linseed Oil, Gasoline, Etc. LINSEED OIL Raw, barrels. 59c: boiled, barrels, 61c; raw, cases, 64c; boiled, cases. Ctfc. OIL MEAL F. o. b. Portland works: Car lots. $35; 6 and 10-ton lots. $34; ton lots. $35. TURPENTINE Barrols. S2',4c; cases. 63c. COAL OIL Cases. 17 hi 20 He; drums and barrels. 1013ic. GASOLINE Cases. 23c; bulk, 16c VALUES HOLDING WELL CHOICE LIVESTOCK SELLS AT TOP PRICES AT YARDS. Day's Run Is Light One Hog Mar. fcet May Equal Record of 1010. The livestock market held in good shape yesteraay wun a continuance of the light re ceipts that have recently made prices firm. There were no changes In Quotations. The bulk of the steers sold brought $7.80 and 7.8o. A few of better Kralie were laxen at s. cows sold at 6.50 to $7, ana cnoice light calves went at $9. No hoes were reported In durlnic the dav and those carried over from the nrecedinir day sold at the former high prices. 110 for Light and $9 for heavy stock. Commenting on the local hog market the ijivesiocK rte porter says: "The local hog market went wild again this w&?k, and if It keeps up the present pace will rival 1810 records. Bullish fac tors were light liquidation and keen buying demanded. Nobody looked for the sudden slump In receipts total. Sound packers and local killers had full force of order-buyers In the alleys bidding at a breakneck pace for swine arrivals and the competition sent prices soaring. Nothing except the descent of an avalanche of hogs will stop the present trend. Here's a chance for specu lators to gamble on hog futures. Will it go higher or lower before August 1?" Receipts yesterday were 130 cattle. 2 calves, 844 sheep and 20 horses. Shippers were: Wren & Greenough. Senn, Idaho. 1 car of horses; T. B. Lerwlll. Har risburg. 1 car of sheep; J. w. Hunt, Med ford, 4 cars of cattle; B. B. Haines, Rose burg, 1 car of cattle, calves and sheep, and Kay Falrchild, who drove in 10 cattle. The day's sales were as follows; Weight. Price. 27 steers 1078 J7-.85 steers .....iut4 26 steers 1070 26 steers 1070 12 steers 1120 8 steers 1136 5 steers 902 8 steers ..............1106 2 steers 1240 7.85 7.S0 7.80 7.S5 7.85 6.80 8.00 8.00 7.50 7.00 7.00 6.00 7.00 6.50 9.00 6.00 6.00 6.00 10.00 1 steer . 1 steer . 6 cows . 4 cows . 15 cows 1 cow . . , 12 calves 2 stags . 12S0 ....1310 1020 1192 ....1049 eeo 183 . . . .1055 1 bull .1400 bull 12S0 85 hogs ISO 4 hogs 325 9.O0 The range of prices at the yards was as follows; Choice stoers J7.75SS.ro Good steers 7.25 7.7.1 Medium steeri 7.00 7.25 Choice cows 7.00 7.0 Good cows 6.23 6.59 Medium cows 6.00 6.2 i Cholca calves 8.00 9.00 Good heavy calves 6.50 p 7.50 Bulls 4.00 6.00 Hogs Light 9.50rl0.O0 Heavy 8.50 B.00 She ?p Wethers S.25 4.00 Ewes 2.50 S.50 Lambs 5.0U 6.00 Omaha Livestock Market. ' SOUTH OMAHA, July 25. Cattle Re ceipts. 300; market, strong. Native steers S7.408.t0; native cows and heifers, $5.75 Q S.00; Western steers. tt.25 e S. 15 ; Texas steers. $$3P7.C0; range cows and heifers. $5507.25; calves. $7.10. Hogs Receipts, 7500; market, lower. Heavy. 8.805 8.75: light. $8.75 g 9.10: pigs. $7.5015 8.50: bulk of sales, 8.658.75. Sheep Receipts, 1500; market, active. Tearlir.ES. S4.-75S6.85; wethers, $4.304.90; lambs, $6.509 7.50. Chicago Livestock Market. rHTCAOO. July 25. Cattle Receipts, 1500; market, slow, steady. Beeves, $7.20 9.20: Texas steers, J6.90 3 8; Western steera, $7.10(6 S. 15; stockers and feeders, $5.50 7.73; cowp and heifers, $3.658.25: calves, $S. 25 3 -11.23. Hogs Recrlpts. 17.OO0: market, slow, 5c lower. Light. S9.10OU.50; mixed. SS.75' 9.45; heavy. $8.55 9.30 ; rough. $S.5!) 8.75 ; pigs. $7.509.25; bulk of sales, SS.9G(f!)30. Sheep Receipts, 8000; market, strong. Native. $4.305 3.SO; Western, H. 35 5.40; yarllr.frs. 5.6O''d-0.?5 : lambs, native, $5.55 Sj S; Western, $0.25 JS. ONEY NOT SO TIGHT Marked Change for Better in Trade Conditions. RETAIL BUSINESS LARGER Improved Keeling in Iron and Steel Markets and Healthier Under tone in Wall Street Hall road Traffic Is Increasing. KEW YORK, July 25. Bradstreet's to morrow will ay: - Crop newi, due to beneficial rains, Is more favorable, feeling in the Iron and steel markets 1 better, money does not appear to be so tight, thft stock market reflects a rather healthier undertone, favorable weath er has helped retail distribution, railway traffic Is enlarging- and conservative op timism seems to be spreading. On the other hand, trade with wholesale dealers and Jobbers reflects more or less Irregularity. Some of the irregularity may oe attributed to midsummer conditions,, to restrictions Imposed by high rates Tor money and to tariff uncertainties. That there are but few dissenting notes as to ex pectations of good business during the Fall and Winter Is significant. wnile the stock market does not manifest much activity, the undertone is stronger and realizing sales are quit ceadily absorbed. JHuslness failures for the week endinz July 24 were 234, which compares with 252 in 1912. Wheat, including flour exnortu frnm thp United States and Canada for the week end ing July 24, Oalveston not reported, ag gregated 3, 592.W01. bushels against 2,056,95S bushels last year. TREND OF BUSINESS IS FORWARD Volume of Transactions T.arge and Confi dence Sustained. NEW YORK. July 2ft. Dun'i Review to morrow will say: There Is the ctistomarv mldummr nainsn In mercantile and Industrial activity, yet the. volume of transactions continues large and confidence is fully sustained. Conservatism remains renerai fn mnut channels, but tempered with a degree of optimism that reflects favorable sentiment as to the future. That the trend of busi ness is still forward is evidenced by cur rent statistics of trade movements. The aggregate of foreign commerce for the latest week reported was smaller than for the same period of the two years im mediately preceding, the decline being due entirely to a falling off in merchandise ex ports. Kallurea this week numberM 2ts in k. United States against 2rt6 last year and 20 in Canada, compared with 30 a year ago. Bank Clearings. r " i cj7ui v iuf tii rj week ending July 24 shows an aggregate of $2906,2in.OO0, as against $3,043,200,000 last week and .?2,826.041,000 in the correspond ing week last year: Pet. Xew Tork Sl.nftrt fit ftrtn Chicago 299,972.000 10-5 ?i?i n ti 148.387,000 4.S Philadelnhia . i a a n j o - - - - - J V" ' t.x St. Louis 74.133 onn m? Pittsburg f7.748.0M 7.2 itansas City n5.OU8,00O 18.0 San Francisco 47.3o9.000 .3 Baltimom . . ntn i- Cincinnati 2."V6r;n'nno t'i Minneapolis 19,720.000 14.7 Los Angeles 21,082,000 4.B Cleve and 24.346. 000 14.0 Detroit 2o.l3tf,000 25.7 New Orleans 15.333,0oo 6.8 Omaha ia utt onn a a LOUlSVillA tn tKA n'. Milwaukee t . -no X Portland, Or 10,23 1 ,000 5.6 Seattle 11,427.000 12.4 at. faui RfU nnn a. Denver 7.748.0O0 5.4 . , , - - j ............. 4,( n-5,uuu "W.T Salt Lake City 4.929.000 40.0 J-o iimous 0.901,000 13.8 J,eAZ 6.131.000 2.6 DUlutn 4 l -i a r.. to. Dei MnlnM .r...,X" It. Spokane .". 3.SH5.000 8.8 Tacoma stq nri oo - ?.aiCl',d 3.21H.0O0 1A San Dieso 2,ir.9,000 2 0 Ogrden, Utah .7.7."." "ooolooo is? Per cent decrease. SAN FRAXCISCO PRODUCE MARKET Prices Quoted at the Bay Cltj for Vegeta bles, Fruit, Etc inf JRANCISCO. July 25. The follow ing produce prices were current here today Fruit Apples. Gravensteins, l1.6o; Ncwtowns. tl.752; other varieties, 50c Si; Mexican limes, nominal; California lemons. 6S.60; pineapples. $1.252 25 Cheese New, 14,15iic; Young Ameri cas. 18c ..?Vbeat' 2S35c; wheat and oats. 21J5022; alfalfa. 814.50O16. Gutter Fancy creamery. 30c; seconds. Vegetables Cucumbers, S060c- green B07Bc . eggpiant. Onions New. red. 90c1.10 per sack; yellow. $1.101.25 per sack ' Potatoes New River whites. 83cSl '5 Early Rose. 75c$l; Oregon. 85eSl: new' 1.25(gl. S; sweets, Mexican, 2&3ic; Mer ced. 45c. Eggs Fancy ranch. 80c. .?ecelpta Flour, 5904 quarters; barley 7330 centals; potatoes, 5753 sacks; hay. 1299 tons. Metal Market'.' NEW YORK. July 25. Copper strong. Standard spot to September, 14.50 3 14 75-elec-trolytic. 15.00; lake. 15.25: casting 1475' Tin weak. Spot to September, 3U.75S 40 25' Lead quiet, 4.30 bid. Spelter steady, 5. 35-5.45. Antimony dull. Cooksons, 8.40-55 Iron steady. No. 1 Southern and No. 1 Southern soft. 15.25 13.50. London closed as follows: 6Uler'cdteady" SPt 66 113 8d' futures Tin easy, "spot 183 5s; futures, 183 5s. Spelter, 20 15s. Lead, 20 17s d. Iron Cleveland warrants, 65s 4ua Lead quiet, 4.30; at London, 20 17s fid Spelter steady, 5.35 5.45; at London 20 15s. Coffe and Sugar. NEW YORK, July 25. The local coffee market opened steady at two points de cline to two advance. There was moderate liquidation, but the decline was checked by covering. The close was steady. July 9 Ode September. 0.22c; October. 9.31c; December' 9.49c; January, 9.58c; March. 7.70c: Mav' 9.80c: June. 9.81c. y' Spot, steady. Rio No. 7. 914c: Santos No. 4, llc; mild dull: Cordova, 1316c Sugair Raw Firm. Muscovado, '8 07c centrifugal. 3.67c; molasses. 2.82c; refined' steady. ' Cotton Market. NEW TORK. July 25. Cotton Soot lU!St-,.:llJIddlinK uplands. 12.06c; middling gulf. 12.30c. Sales. 800 bales. 8 Futures closed steady. 6 points lower to 2 points higher. July. 11.81c; August. 11 62c September. 11.37c; October. 11.29c: Novem ber; 11-"eJ December. 11.23c: January lV17c: February, 11.81c; March, 1127c May, 11.29c. " London Sheepskins Sale. LONDON. July 25. A sale of Cape of Good Hope and Natal sheepskins was held today. The offerings numbered 446.000 of ouju. coarse snort and shorn pelts were unchanged to 4d lower Other grades, ahid lower. Dried Fruit at 'ew Tork. NEW TORK. July 25. Evaporated apples quiet. Prunes firm. Peaches, nni.. steady. ' Dolnth Linseed Market. rrULTJTH, July 25. Linseed, $1.4Hi ; July 1.4014: September, $1.4214 bid; October; $1.4214 bid. Chicago Dairy Produce. CHICAGO, July 25. Butter Unchanged. Eggs Unchanged. Receipts. 8911 cases. C0NVENTI0NIS ARRANGED Evangelical Association to Be at Jennings Lodge Xext "Week, JENNINGS LODGE, Rlvervlew Camp Grove, July 25. (Special.) Prepara tions have been completed for the an- nual campmeeting and convention of the Evanxelloal Association of Oregon and Washington, which will open at the Klvervlew Camp Gtrove in this place Tuesday evanlng. The Rev. H. K. Hornschuoh, presiding elder, will de liver the opening remarks, and the Rev. P. Conkiin the sermon. Wednesday at 10 A. M. the Rev. H. R. Olel will speak on "Echoes of the Second World's Citi zenship Conference," sermon by the Rev. M. Heverling at 2:80 P. M., and at 8 P. M. by the Rev. G. W. Plummer. Thursday the Rev. E. D. Hornschuch will speak on "Modern Evangelism; Its Faults and Virtues." at 10 A. M. Friday at 10 A. M. the Rev. J. A. Goode will speak on "Modern Educational Tenden cies and Our Attitude Toward Them." The Women's Missionary Society will meet in the afternoon, with Mrs. N. Shupp presiding. The Sunday School League convention meets August 6. and the Conference Branch Young People's Alliance convention meets August 6. WHEAT PRICES GIVE MY BETTER SPRIXG CROP REPORTS START SELLING. Last Quotations at Chicago Reveal Declines Running Up to Full Cent Coarse Grains Lower. CHICAGO, Julv 25. Wheat prices gave way today under selling, due largely to im proved reports concerning the Spring crop Closing prices were steady at a decline of hi WHO to lc net. other leading t ap ples, too, showed a decline corn hi (0 v'le oats hi to o and provisions 5 to 30c. Bear presssure on wheat came chiefly from professional speculative sources. Lead ing experts touring in the Northwest had enlarged their estimates of the probable yiuld. Troubles on the bull side of the wheat market were emphasized by advices that weathur conditions in France and Rub sia had changed for the better. Argentine shipments on a glgantio scale tended to weaken the corn market. Flat tering crops from Iowa counted also in fa vor of the bears. Oats declined, owing to selling on the part of cash and elevator concerns that ex pect to have the handling of much of the northwest grain. Longs unloaded holdings of provisions. About the only support for hog products came from pit traders who had been pre vious sellers. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. July $ .85 $ .86 "4 $ .85 $ .8.1 W Sept 86 .87 .8t!t, .863. Dec .80 H .Mli .8?i CORN. July 61 .61 .60H .60fi Sept 62U .02 .6114 . I Va Dec. ..... .58 .59 .58 .58Vt . OATS. July 8 .38H .3H .38 Sept 4014 .40 '4 .39 9, .39 hi Dec 42V4 .42 .411s .41" MESS PORK. July 22.05 22.03 22.00 22.00 Sept ......21.3714 21.3714 21.23 21.30 LARD. July ......11.75 11.75 11.65 J1.70 Sept 11.80 11. SO 11.70 11.75 Oct "..11.85 11.85 11.75 11.80 SHORT RIBS. Jan 10.65 10.65 10.5714 10.60 Sept 11.80 11. SO 11.721 11.7714 Oct 11.60 11.60 11.5214 11.55 Jan 10.1214 10.1214 9.9714 10.0214 Cash prices were: Corn. No. 2, 61 i 62 H c ; No. 2 white, 62i (fi.63'4c: No. 2 yellow, 626214c; No. 3, 6114 6214c; No. 3 white, 62 14 4' 63 14 c : No. 3 yellow, 81 "S4 02 14c ; No. 4, 6014to61,4c; No. 4 white, 61(a62Hc; No. 4 yellow, 01 hi &6114C. Rye, No. 2, new, 6364c- Barley, 4S63c. ' Timothy, $3.75(q.4.75. Clover, nominal. European Grain Markets. LONDON, July 26. Cargoes on passage, very little Inquiry. . English country markets firm; French country markets steady. -LIVERPOOL, Julj 25." Wheat Spot steady. Futures easy. Julv 7s 514d; October, 7s 314d; December, 7s 3d. Weather, cloudy. . Minneapolis Grain Market. MINNEAPOLIS, July 25. Close: Wheat. July, S51c: September, 8714S794c; De cember, 90 14 c. Cash, No. 1 hard, 89 Vic; No. 1 Northern, 87S88?c: No. 2 Northern, 85148B14c; No. 2 hard Montana. 8514 c; No. 3 wheat, 84 (a 85 14 c Flax. $1.89 1.41V4. Barley, unchanged. Grains in San FrncUco. SAN FRANCISCO. July 25. Spot quota tions: Walla Walla, $1.5114 1.5214 ; red Rus sian, $1.60a1.51i : Turkev red, $1.60g1.65; bluestem, $1.55 1.60; feed barley. $1.30$ 1.3214; brewing, nominal; white oats, $1.50 1.52 14: brn, $25 Si 23.50 ; middlings, $31ji 32; shorts. ! , 7.50 til- 28. Call boa?- sales: Barley, s.aay. December. 11.3314 per cen tal; August. $1.29 hi per cental: September, $1.31 bid, $1.33 asked per cental. Puget Sound Wheat Markets. SEATTLE. July 25. Wheat New crop Bluestem, 82c; forty fold, 80c; club, 79c; fire, 7c; rea rtussian, 7c; 01a crop, nom inal, yesterday's car receipts: Wheat 1. corn 1. Hour 3. TACOMA. July 25. Wheat Bluestem. old. 92c; new, 84c; club, old.' SSc; new, SOc. car receipts, baney corn 1, hay Naval Stores. SAVANNAH. Ga., July 25. Turpentine firm, SSc. Sales, 97 -barrels; receipts, 1138 barrels; shipments, 842 barrels; stocks, 25, 560 barrels. Rosin firm; nominal. Sales, none. Re ceipts. 3472 pounds; shipments, 4401 pounds; stocks, 157.667 pounds. Quote: A, B, $3.90; C. D. $4.05; E, 4.10; F. G. $4.15: H. $4.20; 1. 4.io: iv, 4. 3u; ai, $4..u; N, $5.35; wu, $6.30; WW, $6.45. ENDURANCE TO BE TESTED 1 La Grande Motorcyclists to Race to Baker and Return. LA GRANDE, OrTTjuly 25. (Special.) A pathfinder car has blazed the way for the endurance motorcycle race from here to Baker and return Sunday. Sec retary SeCor, of the fair association. Is staging this affair, and has provided other races at the fair grounds to oc cupy the time of spectators of the en durance race, between the start and finish of the race. Mayor Hall, of La Grande, will start the racers, and Mayor Palmer, of Bake-r, will start them on their return trip. August J. Stange will be Dr. Hall's as sistant and Roscoe Neil will be head timer, with Larry Larrlson and T. J. Scroggin as assistants. Dr. P. A. Charl ton will be timer for the races during the wait for the return of the motor cyclists. Canneries May Remain Closed MARSH FIELD, Or., July 25. (Spe cial.) Owing to the low prices which Jobbers are offering for canned salmon, the canneries on the Sluslaw and Co- qullle rivers may remain closed this year. Manager Neilsen, of the Coquille Co-Operative Cannery, announces that It will not pay to open his plant, and Managers Kyle and Sanborn, of the Sluslaw canneries, make similar state ments. The run of salmon has been light so far this season, and it probably can be handled by mild curing and ice shipments. The salmon run on Rogue River, despite the two closed seasons, has been light. Railroad to Furnish. Motor Service. SALEM, Or., July 25. f Special.) As a result of an investigation by Com missioner Miller, the State Railroad Commission has been notified by the Corvallls et Eastern Railroad Company that, beginning next Monday, it wffl establish a motor car service from Mill City to Albany. The train will lea Mill City at 6:15 A. M.. making the trip to Albany in two hours, and will leave Albany at 5:30 P. M reaching Mill City at 7:30. The Investigation was made by Mr. Miller upon complaint of citi zens of Scio, who asked that a morn ing- train to Albany be ordered. STOCK GAINS WIDE Leaders Score Advances of One to Five Points. BOND MARKET IS STRONGER Furtber Ease In Time Money Ac commodations European Finan cial Situation" Improves Crop Advices Are More Favorable. NEW TORK. July 25. What promised to ne the most comprehensive movement in the local stock market since the abnormal dullness of the early Summer was witnessed today when leading issues and specialties scored aavances of 1 to o points. Factors that contributed to the market's improvement Included high prices for cod- per. a favorable general bank statement, an advance in French rentes, a prospective large local cash gain for the week, good Union Pacific earnings, further ease in time money accommodations and more favorable crop advices. In the face of this favorable budget Wall sireet was little Inclined to pay hed to re ports of a new antl-rrmtt nnllr-v hv TVn Vi ingtdn or the spread of the strike in the JUicnigan copper mines. The general bond market was strong for mo Kruaier part oi tne sessslon, but some of the Government issues were arain ornral. nent for their new low bid and axkert mm. tat ions, with actual sales of coupon 4s tin- uer me previous low quotation. Total sales. var vaiue, St.Wto.OOU. CLOSING STOCK QUOTATIONS. Reported bv T r- Ttmsnr. e. ( t ; - building, Portland. . "' Closing , Sales. High. Low. Bid. Amal Copper ... 26.600 7014 9hi fl91i Am Beet Sugar. SOO 2 25 S 5l4 Am Can Co l-.BOO 84 324 3214 do preferred.. 2,100 3 82 4 63 hi Am Car & Fdy. . 80O 44 43 44 '4 Am Cotton Oil. . 70O 384 37U 37. Am Smel & Ref. 4,300 6414 3'4 S3 do preferred.. 200 1001i 100 90H Am Sugar 8M 111 11014 110 do preferred.. loo 113 113 113 Am Tel & Tel.. ,000 12714 12H 12714 Am Tobacco .. . 400 222 hi 219 220 Anaconda 1,500 3514 . 3514 3511 Atl Coast Line.. 500 120 110 ll1j A T & Santa Fe 1,800 W 8814 98 do preferred.. 300 98 7 . 97 94 Bait & Ohio ... 1.300 SSt4 P711 8 Brook R Tran.. S.70O SS'i 8774 88 Canadian Pac .. 8.700 21814 21814 21"4 C&O 3.00O 5414 3314 5314 C & N W 20- 129 120 120 C. M & st Paul., ft.nno iuK7i ifii: Central Leather. 60O 24 24 24 Central of N J .' . 280 Chlno 1,800 3714 S714 37U Col Fuel & Iron. 1.5O0 32 31 14 81 Col Southern .. 30O 31 14 3114 30 Consol Gas 2.50O 1321 13114 13114 DL&W 385 D & R O 19 Distilling Secur. 100 14 14" 13 Erie 7.80O 2714 2 2fi Oen Electric ... 1O0 139 139 139 Gt North Ore .. 8.000 35 334 34 Gt North pf ... 2,800 12."i4 124 125 Illinois Central. 30O 113 113 113 lnterboro Met.. 1.900 1G i5 3514 do preferred .. 2,400 59 58 6814 K C Southern .. 800 27 27 27 Lehigh Valley .. 10,700 1T.014 14! 14914 Louis & Nash .. 00 134 133 133 Mexican Central. 200 11 11 10 M. S P & S S M. 70O 127 125 127 Mo, Kan & Tex. 3.300 22 21 4 22 Mo Pacific 4,400 33 3214 3214 Nat Biscuit 118 do preferred 110 N Y Central ... 2.900 99 98 98 N V. Ont & Wes 2914 Norfolk & West. 7O0 105 10514 105 North America. 6914 Northern Pac .. 3,500 100 108 109 Pacific Mail .... 10O 20 20 20 Pacific T & T .. 100 GO 30 2S do preferred 90 Pennsylvania ... 2,200 113 11314 113 People's Gas 113 Reading 47.800 162. 10 161 Republic S & I.. 1,500 25 25 2414 Rock Island Co. 4,600 17 17 17 Southern Pac . ..- 10, SOO 9314 92 9214 Southern Ry . 2.400 2314 23 . 2314 Texas Oil . .' 1.000 lO0" 105 106 Union Pacific .. 44.000 150 148 149 do preferred.. 100 84 84 84 United Rds S F. 1.00O 23 20 22 U S Steel 93.200 59 57 rS do preferred.. SOO IOTU lOfiU lOftii Utah Copper ... 8.500 4714 4 47 Wabash 2 Western Union . 400 64 VI 3T4 axi Westing Elec ... 2.000 63 2 14 62 Wisconsin Cent.. 20O 45 45 48 Total sales for the day. 400.400 shares. BONDS. Reported by Overbeck & Cooke Co., Board or Trade building. Portland. Bid. Asked. 94 04 8S 8814 89 87 87 87 93 94 92 93 70 92 92 65 67 61 6? 9214 9T4 93 94 87 87 01 92 7 974 89 99 . 94 85 89 89 874 88 102 102 73 73 91 92 99 09 94 49 49 88 87 8514 8 96 T 96 07 102 102V 102 102 11014 111 1104 111 Atchison ceneral 4s Atlantic coast Line 1st 4s B. & Q gold 4s B R T 4s , Chesapeake A Ohio 4a Cal Gas 5s Erie general 4s , Louisville Sc Nashville unl 4s. Missouri Pacific 4s NYC gen 3s N & W 1st con 4s , Northern Pacific 4s Oregon Short Line ref 4s....... Oregon Ry Nav 4s Pacific Tel 5s Penna con 4s Reading general 4s St L & San Fran ref 4s Southern Pacific col 4s Southern Railway 5s Southern Railway 4s Union Pacific 1st and ref 4s.. United States Steel 5s West Shore 4s Wabash 4s Westinghouse Elec conv 5s... Wisconsin Central 4s United States 2s registered United States coupon 2s United States 3s registered.... United States 3s coupon Money, Exchange, Etc. NEW YORK, July 25. Money on call, steady. 2 (g 2 V Pe" cent; ruling rate. 2 ; closinjr bid. 2-: offered at 2 V. Time loans, easier; Go days, 3y 4 per cent; U0 days, 4Vi5 per cent; six months. o per cent. Prime mercantile paper, 6 per cent. Sterling exchanzo steady, with actual him tness In bankers' bills at $4.835 for 00-day ouis una at -i.3o. ior aemana. Commercial bills, $4.82.. Bar silver, 69c. Mexican dollars. 47c Government bonds, irregular; railroad do ii us, strong. LONDON", July 25. Bar ailvsr steady, at 27 3-16d per ounce. Money, 2 per cent. The rate of discount In the open market for short bills Is 3 per cent; for three muntns' bins, 4&4i-ia per cent. SAN FRANCISCO, July 25. Silver bars, Mexican dollars, nominal. Drafts, sight 3c. telegraph Gc. Sterling; on London, 60 days, $4.83; slg-ht. Condition of the Treasury. "WASHINGTON, July 25. The condition of tne united btates Treasury at the beginning of business today was: "et balance in general fund. .. .$129,453,712 Total receipts yesterday 2.880.219 Total payments yesterday 1.721. 898 Tne aencit mis iiscai year is 115.054,489 acrainst a deficit of S6.676.236 last vear. ex. elusive of Panama Canal and public debt -transactions. IDAHO PROMOTER IN JAIL W. A. Matthews Mast Answer Charge of Swindling Denver Bank. BOISE, Idaho, July 25. (Special.) Another chapter In the case of w. A. Matthews, alleged defaulting promoter of the Overland Insurance Company has been auiei through the confes sion of Matthews that he swindled the First National Bank, of Denver, out of 1650. After organizing the Montana Fire Insurance Company, of Montana, Mat thews came to Idaho for the purpose of organizing the Overland Insurance Company. James E. Clinton, Jr., and F. F. Johnson, vice-president and cashier respectively of the Boise City National Bank of this city as president and treasurer respectively. Matthews also interested George Fletcher presl dent of the Idaho National Bank. He absconded before the company was or ganized and it was said -he took with him $20,000 collected for stock pur chased by Southern Idaho bankers and business men. Most of the payments made to him were in certificates of de posit and these he - had cashed at the Idaho National Bank. LADD &TILTON BANK Established 1859. Capital. ..$ 1,000,000.00 Surplus ; 1,000,000.00 Deposits 14,000,000.00 Commercial and Savings Accounts OFFICERS. W. M. Ladd. President. Robert S. Howard. Asst. Cashier. Edward Cookingham, Vice-Pres. J. W Ladd. Asst. Cashier. W. H. Dunckley, Cashier. Walter M. Cook. Asst. Cashier. Corner Washington and Third Streets. First Nationa Capital $1,500,000 Surplus 900,000 Oldest National Bank West of th Rocky Mountains C0ENI5B FIRST AND WASHINGTON ST3. " , ; i d n n m h h "i ji m. a l- "i turn n v a.iw till 6 3 & ' LJZs" ailings from NKXT 'LA "LA SAVOIE ...Aug. 13 ttKANCK (new) Aug. 20 LA lOlRAWE All. S87 " rwm-lcrew steamer. SPECIAL SATURDAY SAILINGS k fl Fi c mm 1 1 6 l.' -s r. i,Aao Atsxp ill) ana utiirtu-uiAs passengers only, tBOCHAMBEAU An. 16 CHICAGO C. W. Stinger, 80 6th St.; A. D. Charlton. 835 Morrison st.; J. O. Thomas. (. M. su I'. Hj.i Dorse? U. Smith. 69 6th St.: -V. C. Sheldon, 100 3d St.; II. Dickson. 122 ltd at.: North Bank Koad. 5th and Stark its., accnts, Portland. SHOP WORK DISCUSSED CONSUMERS' LEAGUE 13 URGED TO KEEP EYE OX FACTORIES. Miss Chamberlain Fears Canneries Will Try to Evade Laws as Industry Grows. Unhealthy conditions that have ex isted in the factories and canneries In New York were vividly described at a meeting of the Consumers' League at the Y. M. C. A. yesterday by Miss Mary Chamberlain, who urged members of the league to keep a close watch on canning and manufacturing in Port land. "Your laws regulating wages and san itary conditions are good." said Miss Chamberlain, "but you will have more large factories here soon and more canneries and I predict that as the latter industry grows, you will find that tha canners will go before your legislature in an eflort to chancre or evade the laws. They will ask for special consideration. Look out for the loopholes In the laws recrardlnsr child labor, wages and ceneral con ditions relating to the services of women and children." The speaker then told of her experi ences as t factory girl. Miss Chamber lain Is a Vassar graduate who studied ractory conditions by working for 10 cents an hour In a cannery and livinsr with the poor girls who were her co workers. Mrs. Henry Russell Talbot, president of the Consumers' League, gave a short talk explaining the object of the or ganization. Mrs. Millie Trumbull in a report on the conditions in the Oregon Packing Company's plant said: "Conditions there, of course, are not ideal but the place was not filthy, it was as clean as could be exDected. Some of the women were earning a miseraDjy small wage, but this was be. cause they could not work as rapldlj or accurately as others." ADVENTISTS MAKE PLANS Circulation of Litertaure Authorized at Medford Meeting. MEDFORD. Or., July 25. (Special.) The first important work of the ses sion of the Seven-Day Adventists of Southern Oregon now being held in Medford was completed today when the resolutions were adopted, calling for circulation of the church's literature and authorizing a levy on members to pay the expense. There are more than BOO peoole at tending the conference and they live in a. ieni cny near tne outskirts of One Big Merchant's Method "With the difference all in favor of the buyer." That is the way one large and immensely successful merchant headlines a special sale in a weli-known city. Then he goes on to say that having made an exceptionally large and advantageous pur chase of goods he is going to swing the difference the cus tomer's way, for he wants to prove to the public that he is building in a way that benefits his patrons as well as himself. In other words, on such an occasion he gives more than good measure. But that isn't such an un usual thing to do after all. Right here in our own com munity there are merchants who " right along give their buying public the best of a good bit of merchandisiug, who make the "difference in favor of the buyer. ' ' You will find this constantly exemplified in the columns of "THE OREGONIAN. It is a fine policy; it pays pays the customer and pays the merchant. i Bank CompeAnie Gener&le Transatlarrtique Direct Une to Harre-Parls (France) New Tork every Wednesday at 10 a.m. LORRAINE, Thursday, Aug. 7 LA FROVKNCB Sept. 8 fFRAXCK (new) Kept. 10 LA SAVOIL' Sept. 11 rvuaurupie-icrew steamer. KROM NEW YOI1K, 3 F. M, town. The meeting will be concluded at the end of this week. Arrivals today fncluded Professor E. C. Kellog, president of Walla Walla College, and W. P. Beatty, of Port land. Hood River to Muzzle Dogs. HOOD RIVER, Or., July 25. (Spe cial.) The judiciary committee of the City Council has been ordered to pre pare an ordinance providing for the muzzling of all dogs that are allowed to run free on the streets. J.G.WILSON & CO. STOCKS, BONDS. C.R AIN AND COT ION. MEMBERS NEW YORK STOCK. EXCHANGE. NEW YORK. COTTON EXCHANGE. CHICAGO BOARD OF TRADE. TELE bXOC'K AND BOND KX. CHANGE, SAN IKANClaCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street. Phones Marshall 4120. A 4187. TRAVELERS' iUIIL EXCEPTIONAL SECOND CLASS ACCOMMODATIONS BY BOSTON SERVICE The S. F. CLEVELAND AND CINCINNATI are ships of unusual tonnace, providing spacious cabins, staterooms, &nd deck space. The Second Cabin tccommoditloni compare favorably la comfort and luxury with the first cabins of ves sels of less tonnage. From BOSTON to LONDO.V 1 Alt IS HAMBCRU Cincinnati Auejust 16 f 1m Hand .npteniUer 1 Cincinnati. Cleveland .September 23 . .October Hamburg-American Line 160 Powell st., San Francisco, Cal.; German American Trust & Savings Bank, Spring and Seventh eta., Los Angeles, Cal.; Hugh B. Rice & Co. associated with Security Trust & Savings Bank, Spring and Fifth sts.. Los Angeles, Cal.; Thos. Cook & Son, 515 So. Spring st., Los Angeles, Cal.; California Savings Bank, Steamship Dept., 4th and Spring sts., Los Angeles. Cal.; and Railroad and Steamship Agents In Los Angeles. AUSTRALIA TAHITI AND NEW ZEALAND. Ronnd Trip Rates: 1st clans to Tahiti $133. to Wellington $'467.50. to Sydney 300. Special Pacific Ocean Tour (Including South Sea Isles) to Sydney via Tahiti. Raro tonga and New Zealand and returning to San lranclsco (or Vancouver) via Auckland. Fiji or Samoa and Honolulu. $35. 1st class. Stop-overs any point, good one year. Sail ings from an Krancisco June 25. July 'J. August 20. etc. Union Steamship Co. of New Zealand, Ltd. Office: S9 Market Street. San Francisco. BAHIA. SANTOS. MONTEVIDEO. BUENOS AYRESand ROSARIO. Large, Smt and Fsit lasensref steamers from New York every alternate Saturday. For rates, etc., apply local ticket Agents, or -BUSK Jb ItAMELS. General Acenta, 801 Produce Exchange. New York. KXPKESS STEAMERS FOR 8an Francisco and Los Angeles WITHOUT CHANGE. 8. S. ROSE CITY Sails 9 A. M.. July Z6. C. S. BEAVER. July SI. THE SAX FRANCISCO PORTLAND S. 8. CO., Ticket Office Sd and Wasbins ton. Witli O.-W. K. N. Co. Phone Marshall 4500. A 6121.- San Francisco, Los Angeles and San Diego Direct S. S. Roanoke and S. S. Elder. call Every Wednesday Alternately as F. M. NORTH PACIFIC S. S. CO. USA Third St. Phones Main 1314. A 1314. COOS BAY LINE STEAMSHIP -DKtAKWAIEK" sails from Albers Dock. No. 3, Portland, at 4 A. A. June 4. . 14. lit. 24. 29. July 4. . 14. IB. 24 29. thereafter every five days, i A. M. Freight received daily until S P. M. except day previous to salllns. previous day, 4 P. M. Passenger fares: First-class. 9lO; second-class, S7, Including berth and ma.a 1 icket office at Albers Dock No. &. PORTLAND at COOS BAY. a. 8. LINE. L. H. K LATIN t.. Agent. Phone Main 8SSJ. A 6141. Drain-Coos Bay Auto Line Now. Dally to Marshfleld. Wlra reservations to O. Mattoon, Drain. Oregon mmm. 1