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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 9, 1900)
THE MORNING OREGONIAN, FRIDAY, MARCH 9, 1900. II COMMERCIAL AND There was not much of Interest In the market eltuatlon yesterday. The weather was unfavor able for liberal produce receipts, except by rail and ateamer. and, except for a brief period in the morning. Front street was rather quiet. Potatoes continue weak. In eplte of slack offer Ins, and some dealers are predicting a further j decline. The egg market Is steady, but there is hardly as much strength In butter at 55c as was expected when the price was restored to that figure. Poultry Is in rather light supply, and prices ar firm this week. Bank Clearing:. Exchange's. Portland $355,203 Seattle , 252.SC3 Spokane 1G0.W6 Taccma 151,145 Balances. ?S1.7S0 77.039 53.610 42,1)70 PORTLAXD MARKETS. Grata, Flour, Etc. The local wheat market continues to drag, in epltc of a showing of strength in the East, the May option in Chicago advancing nearly lc yes terday. In this port, buyers, who are in no hurry to cover tonnage eome distance away, are not quoting over 5152c for Walla Walla, but where wheat is wanted for special pur poses lc over these figures is sometimes offered. Valley is unchanged, at 516'52c, and bluestem 5304c Freights are firm but Inactive. The Cincinnati Price Current summarizes lto crop correspondence for the week ending last Saturday as follows: ''Weather conditions during the past week through the winter wheat section have been characterized by a comparatively wide range of temperature, but, as the wheat plant has been more or less protected by a covering cf tnow, which was beneficial to the crop, the pre vious conditions have been maintained. Outside of the fly-ravaged district of Ohio, Indiana and Michigan the situation la generally favorable In recard to the interior marketing of grain, very little change is to be noted. The moie ment of wheat in the winter wheat section continues light, and the disposition of fanners is to hold at current prices. "The wheat markets have been easy the past week, there having been a variety of Influences calculated to favor such a condition. The pec ulatlve interest regards the situation with doubtful sentiments, and the cash trade Is not of sufficient activity to suggest strength In the market. While the trade recognizes the fact that the period which is usually the most try ing on the winter crop is now at hand, the sit uation Is not yet disturbed in any appreciable degree beyond the effects of early adverse con ditions, so that it is regarded prudent to await developments before operating on the presump tion of crop-scare Influences." Wheat Walla Walla. Cl52c; Valley, 01 62c; bluestfm, 5354c per bushel. Flour Best grades, ?2 703; graham, $2 50; superfine. $2 10 per barrel. Oats White, 3530c; gray, 3334c; stained, 2330c .per bushel. Barley Feed, ?1415; brewing, $1717 50 per ton. Mlllstuffa Bran, ?1213 per ton; middlings, 1S19; shorts. $1315; chop. $14. Hay Timothy. $S10; clover, $77 50; Ore gon wild hay, $07 per ton. Vegetables, Fruit, Etc. Vegetables Parsnips, $1; carrots, $1; turnips, 00c; onions, $1 502 25 per cental; cabbage, 90c($l per- cental; potatoes, C065e per sack; sweet potatoes, 22YiC', peas, 0J4C! beans, 10c; asparagus, 12c; new potatoes, 3c per pound. Fruit Lemons, ?2 50 & 3; oranges, f 2 753 per box for navels, $2 for seedlings; tangerines. 1 75; Japanese oranges, 75c$l 50 per box; pineapples, $4 500 per dozen; bananas, $2 50 3 per bunch; Persian dates, 7isS,Sc per pound; apples, $11 50; pears, 75c1?! 25 per box. Dried fruit Apples, evaporated, 78c pel pound; sun-dried, sacks or boxes, 4Sc; pears, pun and evaporated, 5Gc; plums, pltless, 43 6V4c; prunes, Italian, 3Jfrg5c; silver, extra choice, 6 2 Gc; figs, Smyrna, 22V&c; California black, 6S0c; do white, 10c per pound. Butter, Egs, Poultry Etc. Butter Fancy creamery. 50 3 55c; seconds, 421MH5C; dairy, 3O0371&c; store, 2532c per roll. Eggs lie per dozen for Oregon. Poultry Chickens, mixed, ?3 50JT4 50; hens, $4 50&5 50; ducks, $50; geese, $0 50 S per dozen; turkeys, live, 10llc; dressed, 12&15o 2er pound. Game Mallard ducks, $3; widgeon, f 1 50(52; teal. $11 50 per dozen. Cheese Full cream, twins, 1213c; Toung America, 14c per pound. Groceries, Nuts, Etc. Coffee Mocha. 232Sc; Java, fancy, 2G32c; Java, good, 20g24c; Java, ordinary, 18Q20c; Costa Rica, fancy. 18Q20c; do good. 1618c; do ordinary, 1012c per pound; Columbia, roast, $12 75 per case; Arbuckle's. $14 23; Hon, $12 75. Sugar Cube, $5 72; crushed, $5 72; pow dered, $5 72; dry granulated, cane, $5 22; beet. $5 12; extra C, fi 72; golden C, $4 Ofl net; half barrels', Uc more than barrels; maple sugar, ISfrlCc per pound. Beans Small white, 3&c; bayou, 4c; Lima, Gc per pound. Salmon Columbia river, 1-pound tails, $1 1 50; 2 - pound tails, ?22 50; fancy, 1-pound flats. $1 C5S1 75; -pound fancy flats, 8595c; Alaska, 1-pound tails, ?1 0Q1 30; 2-pound tails, $1 00(g2 23. Grain bags Calcutta. ?77 10 per 100 for epotv $0 50 C2 for July-August. Nuts Peanuts. 67c per pound for raw, 10c for roasted; cocoanuts. 00c per dozen; walnuts, 10llc per pound; pine nuts, 15c; hickory nuts, 7c; chestnuts, 15c; Brazil, lie; filberts, 15c; fancy pecans, 12 14c; almonds, 15 17c pei pound. Coal oil Cases, 21c per gallon; barrels. 17c; tanks. 15c Rice Island. CUc; Japan, 5c; New Orleans. 0o; fancy head, $767 50 per sack. Meat and Provisions. Mutton Gross, best sheep, wethers and ewes, ?44 25; dressed, 77c per pound. Hogs Gross, choice heavy, 5; light, $4 50; drcosed, 5S0c per pound. Beef Gross, top Htfcers, $4&i 50; cows, $3 50 ?4; dressed beef. C7c per pound. Veal Large. 6$f7c per pound; small. S0c Provisions Portland pack (Shield brand): Hams, smoked, are quoted at 13c per pound; picnic hams, 0c per pound: breakfast bacon, 13c; bacon, 9c; backs, 0c; dry Bait sides, Kc; dried beef. 17c per pound; lard. 5-pound palls, 10c; 10 -pound palls, 9c; 50s, 0jc; tlerciv. 01c per pound. Eastern pack (Ham mond's): Hams, large, 13c; medium, 13Hc email, 13Xc; picnic hams. 0c; shoulders, 9c; breakfast bacon. 12?Jc; dry salt sides. 8V4ic: bacon sides. 9l04o; backs. lOo: butts, 8c; lard, pure leaf, kettle rendered, 5s. 10J4c; 10s, lOJic Hops, Wool, Hides, Etc. Hops 38c per pound. Wool Valley. 12313c for coarse. I320c for best; Eastern Oregon, 8Q14c; mohair. 27Q'30c per pound. Sheepskins Shearlings. 1520c; short-wool. 21 635c; medium-wool. 30&50c; long-wool. G0cg?l each. Pelts Bear skins, each, as to size. $5&15; cubs, each. $15; badger, each. 10314c; -r lid cat, 2540c; housecat, 5 10c; fox. common gray. 4030c; do red. $1 251 75; do cross. $2 50 6; lynx. ?1 502 50; mink, 30c$l 25; mar ten. dark Northern, $48; do pale. pine. $1 23 3; muokrat, 8 & 12c; skunk. 25Q40c; otte: (land), $40; .panther, -w Ith head and claws per fect, $168; raccoon. 2550c; wolf, mountain, with head perfect, $3 505; wolverine, $2 50fi; beaver, per ekln. large. $G7; do medium, pel ekln. $45; do small, per skin, $12; do kits, per skin. 50c$l. Tallow 55c; No. 2 and grease. 34c per pound. Hides Dry hides. No. 1. 16 pounds and up ward. l&frlSMc; dry kip. No. 1, 5 to 10 pounds, 15c per pound; dry calf, No. 1, under 5 pounds' 15810c; dry salted, one-third less than dry flint; salted hides, sound steers, 60 pounds and over. 8Qic; do 50 to CO pounds, Sgsc; do under 60 pounds and cows, 7fSc; kip, 13 to Zn pounds, 78c; do veal, 10 to 14 pounds, 7ftc; do calf, under 10 pounds. 7c; green (unsalted).' lc per pound less; culls (bulls, stags, moth eaten, badly cut. scored hair slipped, weather beaten or grubby), one-third less. XEW YORK STOCK MARKET. Demand Smnll, Although Reports Re- srardinfir Values W-ere Favorable. NEW YORK. March 8. The market was practically relieved tolay of all disturbing fac tors in the way of acute weakness of hpeclal eiocks. Reports all continued favorable regard ing the outlook for values, but the demand for stocks was almost unappreclable. Even the email buying for Investment, based on large earnings of railroads, which has been in evi dence for pome time past, dropped out of right today. Speculators are refraining -jntlrclj from commitments for the advance. On the other band, the bear operators of any considerable e&llbcr aeeraed to become discouraged by the FINANCIAL NEWS futility of their effort, and tbe culmination of events counted upon for a reaction. They made tome demonstration against People's Gas, Con solidated Gas and Metropolitan, but no effect wan produced on the general market. The room traders tried to set the sluggish train of prices in motion in vain. The price changes were scarcely sufficient to cover a broker's commission, and the Inertness of the market Increased In proportion to the distance from last night's level, the tendency being to ccme back to that level from either below or above it. The iron and steel stocks were gen erally firm on the encouraging opinions ex pressed by authorities In the trade. The main tenance of the St. Paul dividend at the exist ing rate found no response In the market, as it had been fully foreshadowed by the large absorption of gross earnings In operating ex pense. The reported agreement of Western railroad presidents' on a recommendation de signed to harmonize dlfferencces over freights, the determination to advance bituminous coal rates to the Lakes, and additional gains report ed in railroad earnings, were all without effect on prices. The published report of a proposed increase In the next dividend of the preferred stock of P. C, C & St. Louis was met by a drop in that stock of 3 points. Rio Grande Western was notable for a Jump of nearly S points. There maa continued doubt and apprehension over the capacity of the money market to get through I without a pinch to the period of relief by the operation of the currency bill. The possibility was canvassed of action by the Treasury Department to resume the de posit of internal revenue collections with the banks, but no authoritative sanction was given for such possibility. The absorption of funds by the New York Subtreasury since last Friday had already reached $5,631,000 up to the close of business last night. The total revenue sur plus taken up by the Government since the first of the month up to the same date amount ed to only $2,000,245. The special drain thus Indicated upon New York banks la due to the large customs payments by importers. Imports at present are running very high, as an Inci dent of the active demand for commodities, and the payment of duties is diverted from the New York banks Into the Subtreasury. The demand for loans for the purchase of Government bonds continues large. These two factors threaten the early obliteration of eurplus revenues of the New York banks. The bond market was ndt so active as yes terday, but prices were firmly held. The total sales were $1.5K,O00. United States 3s declined U per cent, and the 4s per cent in the bid price. BONDS. U. S, 2s, reg 103 iGen. Electric 5s...llG do 3s, reg 111 N'. Y. Central lsts.llOli do 3s, coupon. ..lll'fciNorthern Pacific 3s CO. do new 4s. reg..l36V do 4 104V do new 4s, coup.l3C'lpOregon Nav. lsts. .109 do old 4s, reg... 1171 do 4s 102 do old 4s. coup..llSi0rcgon S. L. 0s...jlZin do 5s, Tr 1164, do con 5s. ......113i do 6t. coupon. ..HOiRlo Gr. West. 1st. JiSJi Dlst. of CoL 3-G3all$r ISU Paul conBo!s....lG7 Atchison adj. 4s.. 82 St. P. C. i P. lBts.lll)N C. & N.W. con. 7sl41H do 5s 120 do S..F. deb. 6s.l21 iL'hlon Pacific 4s...l05-s D. & R. G. lsts.. 103 JWls. Central lstfl.. la do 4s Dsf STOCKS. The total sales of stocks today were 200,700 shares. The closing quotations were: At6hlson 22WUnlon Pacific do pref G5h! do pref Bait. & Ohio GlHiWabash 4S 73 J 20 104 20- CO Can. Pacific 0SIi do pref Can. Southern .. Ches. & Ohio 2S ChL Gr. Western. 13 I do 2d pref P. a. C. & St. L C, B. & Q Chi., Ind. & L.. do pref Chi. & East. Ill .122V., EXPRESS CO.'S. ... !!), Adams 114 .. 51( American 143 .. 05i United States 45 ..15ft WeUs-Far 123 Chicago & N. W C., R. L & Pao...l00W' MISCELLANEOUS. Z.. G. G & St. L. 581l,Amer. Cotton Oil.. 32 Colo. Southern ... 6 do pref 03 do 1st pref 43 Amer. Malting ... 3i do 2d pref lCVil do Pref 25 Del. & Hudson.. ..114,Amer. Smelt. &. R. 30 Del.. Lack. & W..180 do pref . 1(0 Denver & Rio Gr. lDVilAroer. Spirits 2 do pref 71Vsl d0 P1"" 17 Erie 12H Amer. Steel Hoop. 33 do 1st pref 37W do pref 80 Great North. pref.l5CViAmer. Steel & W.. 534 Hocking Coal 13i do pref 00 Hocking Valley .. 30 JAmer. Tin Plate... 30 Illinois Central ...112! do pref 80 Iowa Central l34jAmer. Tobacco ...10374 do pref 48 do pref 135 Kan. G. P. & G.. 12 Anaconda Mln. Co. 4(VJi Lake Erie & W... 20W. Brooklyn R. T 0C do pref saa. uoio. Fuel & iron.. zy Cont. Tobacco .... 2S Lake Shore 104 Louis. & Nash.... 81' do pref .- 83VI Aiannaiian t.1 ... V Met. St. Ry 167 Mexican Central .. 16 Federal Steel 50& do pref 72 General Electric ..125 Minn. & St. Louis 01 lGlucose Sugar 1 ao pref 81 do pref 00 .Missouri I'acinc .. 4i? Int. Paper 1 Mobile &. Ohio 44l.i do nref ! M.. K. & T 10ILa Clede Gas 74 do pref 32i,4 .National Biscuit .. 35 New Jersey Cent.,110 do pref 00 New York Cent...l33Natlonal Lead .... 23U Norfolk & West... 314 do pref 104; do pref 74tilNatlonal Steel 43 Northern Pacific .. 524.1 do pref 03 do pref 73U M. Y. Air Brake. ..125 23,Korth American ... 149i 42 Pacific Coast 40 70 I do 1st pref 80 134 do 2d pref CO 17 Pacific Mall 37 Ontario & West. O. R. & N do pref Pennsylvania ... Reading ao ra prer 29 iPeopie's aas V3 Rio Gr. Western.. 52 (Pressed Steel Car.. 52 do pref 01;i do pref 85 St. Louis & S. Fr. lOWPullman Pal. Car.182 ao isi prei...... oo jsuuic. itope cz xw. ojt do 2d pref... 34tSugar 07 St. Louis & S. W. 11V do rref 2SV do pref 100 Tenn. Coal & Iron. 01 St. Paul .. Ti... . .1U7U U. S. Leather 11 do pref 71 U. S. Rubber 31 do pref St. Paul & O Southern Pacific Southern Ry ... do pref .106 37 do pref 02 13 Western Union ... 82 57;Repabl!e Iron & S. 21 Texas & Pacific. Jfc'741 uu JJ1C1. ..... Ul Wisconsin Central. 17 Money, Exchange. Etc. SAN FRANCISCO. March 8. Sterling on Lon don CO days. $4 83; do sight, $4 87. Mexican dollars-48(ff49c Drafts Sight, 17c; do telegraphic, 20c NEW YORK. March S. Money on call, steady at 22 per cent; last loans, 2. Prime mercantile paper 0 per cent. Sterling exchange Firm, with actual business in bankers' bills at $4 S6 for demand and at $4 S2tf 4 82" for GO days; commercial bills, $4 81?4 82. Silver certificate COViSClc Mexican dollars 47c. Bonds Government, weak; state, strong; rail road, firm. Forelgrn Financial Xevrs. NEW YORK. March 8. The Commercial Ad vertiser's London financial cablegram says: The markets here were quiet and featureless today, and the tone was cheerful on Lord Rob erts' advance and rumors of peace negotiations. A story was current that SOOO Boers were of fering to surrender. The Queen's visit to Lon don affected business. There is eager bidding on the new war loan at 1T&62 premium, al though nothing Is yet known of the denomina tion or prices. Americans were Inactive and dull. The bank bought 5000 of gold in bars. Call money was firm, and bills were also firm. London Stock Marlcet. LONDON. March 8. Canadian Pacific. 101: Union Pacific preferred, 75: Northern Pacific preferred, 70; Atchison. 23; Grand Trunk, 8; Anaconda, 0-i; Rands. 37. THE GRAIN MARKETS. Prices- for Cereal In American and European Ports. SAN FRANCISCO. March 8. Wheat, steady. Barley, dull. Oats, strong. Spot quotations were: Wheat Shipping, No. 1, 05c; milling, 97c G$1 per cental. Barley Feed. 7275c; brewing, 823S5c Oats Gray. Oregon. $1 07-l 12; milling. $1 151 17: red. $1 121 20. Call board sales: Wheat Steady; May, 07c; December, $1 04; cash. 05c Barley No sales. Corn Large yellow. $1 031 05. Chicago Grain. Produce.. Etc. CHICAGO. March S. At the beginning of the session In the wheat pit there were two consid erations which were shortly afterward lost sight of easier cables and the Price Current assertion that the marketable available supply of wheat was larger than could be distributed before a new crop. With these things in mind, the market opened easier. May '.sffc down, at TB5&0C5c. to G5SfG56c The fac tors In the easiness were soon eliminated, how ever, by the strength of Liverpool fe spot wheat, under which the market here reacted. A5 the session proceeded the bull position was further fortified by the strength of New York for cash, talk of a big export business, and some uneasiness over report of .more plague en pea In Argentina. May advanced to C6c early, and clung around that figure for some time. Nesr the end of tfeo scKilon renewed buying pressure resulted In a bulge, which carried May to 06-c The close was strong. May ?ic over yesterday, at GOJJC'COHc The corn market was strong and fairly act ive. The openlnr was easy.. May e lower In sympathy with the early dip In wheat, but thereafter the course was upward. May closed 8c over yesterday. Oatfl were dull, but steady, with corn, and closed firm. May doted a shade higher. The provlcions market opened unchanged, but the development of a good cash demand, both domestic and export, together with light of ferings, and the strength of grain caused a rally and some activity. Liverpool was Od higher for lard and the demand here was es pecially good. May pork closed 1720c over yesterday; May lard, 5&7c up, and May ribs. 710c up. The leading futures ranged as follows: WHEAT. Opening. Highest. Lowest. Close. . $0 04 $0 65 ?0G4 $0 65 , G3i 6ni 05 60 March May , July . i w."s un CORN. CS 67 March .... May July September 34 85 35?4 30 34,4 35V4 35 34 35 35 1 35 30 S5H OATS. 23 23 22 22 May July 23- 22 23 22VI MES3 PORK. May 10 00 10 80 July 1005 1085 LARD. May 687 505 July 505 G05 SHORT RIBS. 10 57 10 80 10 62 10 85 5 87 5 05 505 COS May ..... July 5 82 585 5 02 5 05 5 82 585 5 02 5 05 Spot quotations were as follows: Flour Steady. Wheat No. 3 spring. 63ig57c; No. 2 red, csoeoc Corn No. 2. 34c Oats No. 2, 23e23c; No. 2 white, 26c; No. 3 white, 25(?20c Rye No. 2. 5550c Barley No. 2, 3730c Flaxseed No. 1, $1 CO. Timothy seed Prime, $2 3562 50. Mesa pork Per barrel, $0 S5&10 80. Lard Per cwt., $5 S25 83. Short ribs Sides, loose. $5 7536 05. Dry salted shoulders Boxed. $0 25ff0 50. Short clear sides Boxed, $&30 10. Butter Strong; creamery, 1024c: dairy, 1022c Cheese Firm. 12 13c Eggs Steady; fresh, 15S,15c. Reclrts. Shipments Flour, barrels 30,000 51.000 C3.000 Wheat, bushels G3.UUU Corn, bushels 310.000 Oats, bushels 271,000 Rje. bushels 0,000 Barley, bushels 64,000 1C1.O00 159.000 2.000 32,000 New Yorlc Grain and Produce. NEW YORK, March 8. Flour Receipts, 6004 barrels; exports, 63CI. Market firm. Wheat Receipts, 17,000 bushels; exports, 105,235. Spot, rtrong; No. 2 red. 76c Op tions opened steady, and advanced on strong cash position and alarm among shorts; closed at c net advance. May clcsed at 73c; July closed at 72: September closed at 72Jic Wool Steady. Hops Quiet. Liverpool Mnrlcets. LIVERPOOL. March 8. Wheat Spot, No. 1 Northern spring, firm, Cs Id. Futures, steady; March, 5s l0d; May, 5s 0d; July, 5s Sftd. Corn Spot, American mixed, new, steady, 3s Od; old, steady. Ss 0d. Futures, steady; May, 3s Ovid; July, 3s Od. SAX FRANCISCO MARKETS. SAN FRANCISCO, March 8. Wool Spring Nevada, 1215c: Eastern Oregon, 1216c; Val ley, Oregon, 2022c Fall Northern, mount aln, 10gl2c: mountain, S10o; plains, S10c; Humboldt and Mendocino, 15Q17c per pound. Mlllstufis Middlings, $17620; bran, $12013 per ton. Hops 1800 crop, ll13c for choice per pound. Hay Wheat, $760 50 per ton; wheat and oat. $70: barley, $5 607 50; alfalfa. $667 50; clover, $76S per ton; straw, 30642c per bale. Potatoes Early Rose, 756S5c; river Burbanks, 4O70c; Salinas Burbanks, S0c6?l 10; Oregon Burbanks, C5c6$l 05 per sack; sweets, $262 15 per cental. Onions $1 7562 per cental. Citrus fruit Mexican limes, $465; common California lemons. 75c6$l 50; choice. $1 752. Tropical fruit Bananas, $1 50 6 2 50 per bunch; pineapples, nominal. Apples $11 25. Butter Fancy-creamery, 21c; do seconds, 10620c; fancy dairy. 17018c; do seconds, 159 16c; pickled, 22624c; firkin; 2122c per pound. Cheese r-New. 860c; Eastern, 16617c per pound; Young America, 10610c; Western, 13 14c per pound. Eggs Store, llS12o; Easiern, cold storage, nominal; ranch, 10c per dozen. Receipts Flour, quarter sacks, 2S50; wheat, centals, 56,450; barley, centals, 57,707; oats, centals, 1105; corn, centals, 400; potatoes, sacks, 1350; middlings, sacks, 120; hay, tons, 450; wool, bales, 72; hides. 175. EASTERN LIVESTOCK. CHICAGO. March 8. Cattle Receipts. 12,500. Market opened generally steady; cloeed weak, with yesterday's advance lost; one load 1247 pound yearlings. $5 80; natives, good to prime steers, $4 1066; poor to medium, $464 80; se lected feeders, active. $4 1534 85; mixed Block ers, steady. $3 4063 00; cows. $364 25: heifers. $3 1564 65; canners. $2 403; bulls, steady, $3 64 40; calves, weaker. $4 756"7 75; Texas fed steers, $3 0064 00; Texas bulls, $3 2563 75. Hogs Receipts, 24.000. Market active. 10c lower; mixed and butchers, $44 87; good tc choice heavy, $4 0065; coarse heavy. $4 756 4 65; light, $4 7064 02; bulk of sales, $4 77 64 85. Sheep Receipts, 14,000. Market generally steady; lambs closed. 10c lower; good to choice wethers, $5 C065 05; fair to choice mixed, $t 73 5 50; Western sheep, $5 5065 00: yearlings, $5 06 40; native lambs, $4 5067 60; Western lambs, $67 40. OMAHA. March 8. Cattle Receipts, 1600. Market steady; native beef steers. $3 8585 50; cows and heifers, $3 2564 15; canners, $2 250 3: stockers and feeders, $3 6065; calves, $3 50 67 25; bulls and stags, $2 $064. Hogs Receipts. 7500. Market shade higher; heavy, $4 7264 82; mixed. $4 70 4 72; light, $4 506-1 77; bulk of sales, $4 7064 72. Sheep Receipts, 8100. Market steady to 10c lower; fair to choice native, $5 7566 35; fair to choice Westerns. $5 4065 00; common and stock sheep, $465; lambs. $6 2567 10. KANSAS CITY. March 8. Cattle Receipts. 7000. Market steady; Texas steers. $384 5; Texas cows. $2 5063 75; native steers. $3 70g 5 45; native cows and heifers. $2 2564 25; Blockers and feeders. $3 G565 50; bulls, $3 106 4 25 per cwt. Hogs Receipts, 12.000. Market strong: bulk of sales. $4 7564 87; heavy. $4 7764 02; packers. $4 7564 82; mixed. $4 G564 S3; light. $4 4564 77; Yorkers, $4 704 77; pigs. $3 73 64 55. Sheep Receipts. 2000. Market steady; lambs, $16-6 50; muttons, $36 20. Tlie Metal Markets. NEW YORK, March 8. Pig-iron warrants, dull. $16 25; lake copper, quiet; tin, advanced 25 points. $34 50; spelter, quiet, $4 70 4 75; lead, quiet, $4 7064 75. The firm that fixes the selling price for miners and smelter quotes lead at $4 45 at the close. Bar sliver, 59c. SAN FRANCISCO. March S. Bar sliver, 00c LONDON. March 8. Bar silver closed firmer at 27 0-16d per ounce. Iron May Remain Illgrh. NEW YORK, March 8. Discussing the condi tions of the iron and metal market, the Iron Age presents some interesting facts and figures, as follows: "The editor of the Iron Age made a call upon Mr. Carnegie today, and found him cheery over the business situation. He thinks that the passage of the gold bill. Inspiring confidence in the stardard and the inevitable expansion of currency following, must maintain prices, and probably cause a rise In securities. "The situation in pig Iron in the Central West, he thinks, must insure a continuance of present prices for finished product during the year." London Wool Auctions. LONDON, March 8. There was a good at tendance at the wool auction sales today. Greasy merinos were spiritedly competed for by French and Russian representatives. There were good Inquiries forscoureds by the home and Continent. Cross-breds were well repre sented. American buyers securing a good por tion. Cape of Good Hope and Natal wools were neglected. The number of bales offered aggre gated 10,045. London Sheepskin Sale. LONDON, March 8. A, sale of sheepskins was held today, and 39S3 were offered." There was an average attendance present, and about 2750 bales were sold. The general support of the sale was moderate, and the Continental buyers CAPE NOME S. S. GEO. W. ELDER, S. S. NOME CITY S; S. DESPATCH- . The above first-class steamers will sail every 10 days during the season for Cape Nome, York and St. Michael and Yukon river points. First Sailing, May 15 FOR RATES AND INFORMATION APP LY TO CALIFORNIA & OREGON COAST S. S. CO. F. P. BAUMGARTNER, 253 Washington St, W. A. Mitchell & Co., General Agcnti, San Francisco. Pacific Coast Cape Nome Gold Fields THE NEW PALATIAL STEEL STEAMSHIP WSEEzsft the "Senator will sail from San Francisco, May 14 Seattle, May 19. Subsequent trips will be from SeatUe direct, namely: June 21, July 21 and August 20. The "Senator" has a capacity of 2500 tons. Her second cabin and steerage accommodations are superior to the first -claw accommodations of moat of the steamers advertised for Nome. The Pacific Coast Steamship Co. haa been running its steamers to Alaska winter and sum merfor 25 years, and la the pioneer Paclflc Coast line. Seattle freight and passenger rates ap ply from Portland. For further Information Inquire of OOODALL. PERKINS & CO.. General Agents, 10 Market, San Francisco, or N. P03TON". Agent. 249 "Washington et Portland, Or. bought Iobs than usual. Australasian merino combing cross-bred9 sold d lower, and merino clothlne sold d lower. Coffee and. Sngrar. NEW YORK, March S. Coffee Options closed eteady, 0 points lower; sales. 14.250 bags. In cluding May at ?G 85; July, ?0 00; August, $6 05. Spot. Rio. quiet; No. 7, Invoice. Sc: No. 7, Jobbing. Sjic Mild, quiet; Cordova, OVi Sugar Raw, steady. RAILROADS IN A NE.W ROLE Resrardcd an Krlendn'of the People In Many 1'Inccn. Chicago Tribune. In many "Western agricultural state3 there has been recently a' most remark able change in the attitude of the peo ple towards the railroad corporations. This change has been brought about so quietly that It has almost escaped notice.' The fact remains, however, that many farmers who a few years ago regarded all such corporations as enemies of the people, and were doing what they could .to harass them by the passage of adverse legislation, are now convinced that, un der present methods of management, the railroad Is the farmer's best friend. This conclusion is not the result of the ancient argument that the railroad offers the hus bandman a quick and profitable market for his crops. It has been reached as the result of the intelligent application on the part of the railroads of the axiom that the prosperity of a. transportation company Is entirely dependent upon thl prosperity of the people living along its line. The great work done by many-railroads, of recent years in fostering-1 arid' directly increasing tho prosperity of the territory through which the tracks run Is by no means so widely known a3 it should be. Several roads, for example, employ sci entific specialists who are experts in the matter of soil, drainage, fertilizing and other factors in modern agriculture. It is the duty of these men to travel along A the line of the road which employs them, making a careful study of the soli and other natural conditions. If they find, for instance, that the soil in a particular section is best adapted to the raising of sugar beets they visit the farmers in the neighborhood and Invite them to attend a lecture, held perhaps at tho district schoolhouse. Here the subject of beet culture Is carefully explained, the natural advantages which the surrounding terri tory possesses for raising beets Is. gone into, and on behalf of the railroad com pany the expert urges the farmers to undertake the business, perhaps pledg ing the company to find a market for tho product. If a certain district is best fitted for the dairy business the expert holds a similar meeting and endeavors to Interest the farmers In the establishment of a co-operative creamery. In some in stances the railroad furnishes, free of charge, the services of an expert to su perintend the bullldng of the creamery and to manage It for the first month, or until a regular manager can be secured. In many other similar ways the railroads are now doing their part In putting agri culture on a scientific basis. That the work has passed far beyond the status of an experiment Is shown by the fact that onp railroad In Missouri' has established no less than 15 co-operative creameries along Its lines, in not one of which does the railroad company have any other interest than in the additional revenues thus secured for its freight de partment In each case, it also should bo stated, the railroad also guarantees a market for the product of these new en terprises. This it is able to do by the aid of its agents In the large cities. But the railroads In their new work do not stop with the farmer. A single in stance may suffice to show how they also are lending aid and comfort to the manu facturers along their lines. The commer cial agent of a Western road went to the proprietor of a flour mill In a small town and asked him how many barrels of flour he was making daily. He was. told that the output every 24 hours was 50 barrels, but that the capacity of the mill was double that amount. The mill was not worked to its full capacity because of the lack of a certain market. The rail road agent, after getting the miller's low. est price, found a firm in Brooklyn, N. Y., that was ready to huy the extra 50 barrels for a term of months. Thus at one stroke he benefited the miller and added 50 barrels of flour to the dally freight receipts of his road. It is worthy of tbe attention of sociol ogists and ministers alike that this new development in corporation management Is along the line of that Golden Rule which in the last analysis lies at the foundation of national and corporate as well as of Individual prosperity. o The Pity of It. , New York Times. What a pity It is that the name of Sappho, most perfect of lyrists, which sounds so sweetly in the ears of all schol- a byword and a synonym for Indecency i.VVKlUrl I O lnUlAli In the -minds of Ignorant thousands who; . VFfiPTARI P PIJ I have no knowledge of the classics or of, . v lhjs l -ii3ts l lllo any literature! To be sure, thero is a 4Are acknowledee by thousands of peasons who thf ?nVLl"te.nt "teratuxe about "SIaachE "SS'oSSgyTcOSS tho Burning. Sappho Qf tne ','lsles of tION. Torpid Liver. Weak Stoaiach Pimples. Greece," especially in the French Ian- I and purify the blood. guage, but it is all spurious and bears no sort of relation to the fragments es teemed by classical scholars.. Mprcover. .this sort of slanderous abuse ' pf the' woman of "Mytllene. which, probably orig inated with the gross authors of the "middle comedy," Is quite caviare to. tho general. Who In all the mob that hs ben standing agape at the door of the play house In which they have been exhibiting 'the crude, vulgar, perniciously adverfeed'l stuff called, from the lencn novel on which it is founded. "Sapho.- ever heara of Suldas, or-even of Phaon? The cmo Steamship Co.. of Sappho stands for them to represent only tho profitable dirt of this offering of the commercial theater. To well-read persons, of whom there are always very few in the crowds of a big town, whether or not they follow "Welcker and Muller In assuming the real Sappho, the poetess of Greece, whom the anqlents ranked with Homer, to -have been, the most exemplary of women; her name has always possessed the rare charm associated, with- perfection In poetry- and art. REASONS FOR FREE TRADE.'. UnansTreraTile Letter of Chairman Payne to -a Constituent. "Written to" "WV H." Curtis, of Palmyra, N. T January 24. Your- letter of January 19 received, in which you assert that free trade with Puerto Rico mcana free trade with Cuba and the Philippine Islands and a death blow to protection. If you are correct m all your assumptions, of course no Re publican would favor any such measure. Suppose we get down to the facts: Puer to Rico was ceded to us by the Spanish treaty, and wo accepted it without -a dis senting voice in all the United, States, so far as I know. In accepting it we cut oft their markets with Spain and with Cuba, in .both of which countries there Is now a high protective duty, which Is absolutely prohibitive so far as Puerto Rico Is con cerned. Puerto Rico produces 50,000 tons of sugar annually. No one believes it ever can reach 100.005 tons under the most fa vorable circumstances. "We Imported last year 1,340,000 tons of sugar. You see the Importation from Puerto Rica would be as a drop In. the bucket. We have had a treatv for a num ber of years with the Hawaiian Islands, where sugar can bo produced more cheap ly than In Puerto Rico, by which all sugar has been admitted free of duty. It Is pro posed to continue this by the enactment of law, and no one objects to it. We Import from the Hawaiian Islands 240,000 tons of sugar annually. In the face of this free sugar from Hawaii, tho produc tion of beet sugar In California has doubled and quadrupled from year to year. I am told that the production of the present year will more than double the large production of 1S39. Free sugar from Hawaii does not seem to affect the beet sugar Interests. You 'say that free trade with Puerto Rico means free trade with Cuba and the Philippine Islands. In this ypu are all at fault; Cuba Is not ours, but will have- an independent government. The most she can eyer hope for is a slight reduction of duty through a reciprocity treaty. You have been voting for reciproc ity for the last 15 years, as you say you have voted, the Republican ticket. Under the treaty tho Philippine Islands are to have free trade with Spain for 10 years. We could not extend, these tariff laws to the Philippine Islands, even If we would. To 'sum up, then, Puerto Rico Is our3 without a dissenting voice anywhere. Her people are Impover'ehed by reason of the hurricane which destroyed the greater portion of two annual crops. She has no markets, being deprived of them by an nexation to the United States. Commer cially and Industrially, without some aid from Congress, she Is without hope for the future. A free admission of her prod ucts of; the United States (which Is now accorded to every other state and terri tory and to Alaska, not organized Into a territory) would give her relief. It will not hurt us, but. on the contrary, will give us a market for $10,000,000 annu ally, largely of the products of our farms, which will Increase as American prosperity comes to Puerto Rico. I am heartily In favor of extending this relief to Puerto Rico, while" I do, not In any way commit myself to extend the eame privileges ta either the Philippine Islands or to Cuba. The advanced and chronic form of Nasal Catarrh Is the cause of other diseases, Ely's Cream Balm Is recognized, as a spe cific for diseases of the membrane in the nasal passages. Resort to Its use If you would be cured. Cream Balm Is placed Into the nostrils, spread orer the membrane and is absorbed. Relief li J Immediate, and a cure follow. It Is not dry- t ms-does not produce sneexlnr. Large sue. coc at drurglsts' or by mail. Trial size. 10c. by mall. ELY BROTHERS. 50 Warren Street. New York. H-MIDYX S Thssetinv Capsules are superior 19 uaisam ot uopaiDa,- CubebsorlnjectionsandfftlD'fj CURE IN 48 HOURS Zly the same diseases without inconvenience. Sold bv all drti-s$:t:. TRAVELERS'- GUIDE. CAPE NOME MARINE INSURANCE We are nrepareU to Insure cargoes to and from ali porta on the Paclflc at moderate rates. LSr'K"a,eS ,,iS0S Sf diilon to losses which may occur to goods. 31. C. HARRISON Jc CO., , . . 41C Chamber of Commerce. yn TRAVELERS' GDIDE. Union Depot, Sixth and J Streets. TWO TRAINS DAILY FOR ALL POINTS EAST '"FAST TCAlIi AND PORTLAND - CHI CAGO SPECIAL ROUTE." Leaves for the East via Spokane dally at 3.45 P. M. Arrives at 8:00 A. M. Leaver for the East, via Ptndleton and Hunt ington, dally at 8:00 P. M. Arrives, via-Huntington and Penaleton. at 6:45 P. M. THROUGH PULLMAN AND TOURIST SLEEPER3. Water lines schedule, subject to change with out notice: OCEAN AXD RIVER SCHEDULE. OCEAN DIVISION cteamahlps sail fr-m AInsworth dock at 8:00 P. M. Leave Portland Columbia sails Saturday. March 3: Tuesday. March 13; Friday. March 23: Monday. April 2; Thursday. April 12. State of California sails Thursday. March 8: Sunday. March IS: "Wed nesday, March 28: Saturday, April 7. From San Francisco State of California tall Saturday. March 4; Wednesday. March 14; fcat urday. March 24: Tuesday. April 3: Friday.. April 13. Cclumbl.-. sails Friday. March 0: Mon day, March 10; Thursday, March 20:. Sunday. April 8. COLUMBIA RIVER DIVISION PORTLAND AND ASTORIA. Steamer HRitr Iff.-tiM Portland dally, except Sunday, at 8.00 P. M.: on Saturday at 10:00 P. M. Returning, leaves Astoria dally, except Sun day, at 7:00 A. M. WILLAMETTE RIVER DIVISION. PORTLAND AND CORVALLI3. OK. Steamer Ruth, for Salem. Albany. Corvallla and way points, leaves Portland Tuesdays. Thursdays and Saturdays at C:C0 A. M. Return ing, leaves Corvallls Mondays. Wednesdaja ana Fridays at C:0O A M. Steamer Modoc, for Saiem. Independence and way points leaves Portland Mondays. Wednes days and Fridays at 0.00 A. M. Returning, leaves Independfnce Tuesdays, Thursdajs and Saturdays at S 30 A. M. YAMHILL RIVER KOUTE. PORTLAND AND DAYTON. OR. Steamer Elmore, for Dayton and way points, leaves Portland TU'-sdays, ThurMays and Sat urdays at 7 A. M. Returning, Haves Dayton fdr Portland and way points Mondays. Wednesday and Fridays at 0 A. M. SNAKE RIVER ROUTE. RIPARIA. WASH.. AND LEWISTON, IDAHO. Steamer Spokane or Keamer Lewteton leaves Rlparla dally at 1:20 A- M., arriving at Lewlston ot 12 o'clock noon. Returning, the apofcane fir Lewlston leaves LewUton dally at S:30 A. M.. arriving at Rlparla same evening. W. II. HUP.LEURT. General Pausengcr Agent. .V. A. SCHILLING. City Ticket Agent. Telephone Main 712. NewSteamsbipLinctotbeOrient CHINA AND JAPAN. FROM PORTLAND. -In connection with THE OREGON RAILROAD & NAVIGATION CO. Schedule. 1000 (subject to change): Steamer Leave Portland. Feb. 20 "ARERGELDIE" March 21 "MONMOUTHSHIRE" Aprils For rates, accommodation.", etc.. apply to DODWELL & COMPANY. Limited. Gereral Agents, Portland. Or. To principal points in Japan and China. THE FASTEST AND DIRECT l!NE -TO THE EASTANDSOUTHEAS IS THE PICTO The Direct Line to Denver, Omaha. Kansas City and St. Lou!;. Only 3)4 Days to Chicago, Only 4 Days to New York and other Principal Eastern elites Throurli Pnllnmn Pnlttcc Sleeper Tourist Sleepers Dlnlnc: Cars (mcnls it la enrte). nnil Free Reclining Clinlr Cnrii Operated Dally an Fast Hull Ti-nliu Through tickets, baggage checks and sleeping car accommodations can be arranged at CITY TICKET OFFICE 1 35 Third Siri Portland, Orea a.i J. H. LOTHROP. Gen'l Agent. GEORGE LANG. City Pass. & Tkt. At. THE DINING CAR ROUTE FROM PORTLAND TO THE EAST. THE ONLY DIRECT LINE TO THE YELLOW STONE PARK. Leave Union Depot, Fiiti ull St; Arrive No, 2. Fast mall for Tacc ma. Seattle. Olympla. Gray's Harbor and South Bend polnti. Spokane. Rossland. D. C, Pullman. Moscow LewUton. B u f f a 1 o Hump mining country. Helena. Minneapolis. St. Paul. Omaha. Kan i&s City. St. Louts. Chloago and all point east and southeast. Puet Sound Express for Tacoma and 6ea.i:U No. L 11:15 A. M. 5:50 P. M. No. 4. 11:30 P. M. No. a. 7:00 A. M. and lntermed.ate points ( Pullman flrst-dass and tourist sleepers to Min neapolis. St. Paul and Missouri river points, with out change. Vestlbuicd trains. Union depot connection 1 ell principal cities. Baggage checked to destination ot tickets. For handsomely Illustrated descriptive matter, tickets, sleeplng-iar reservations, ate, call on or writs A. D. CHARLTON Assistant General 1'nmcnBer Agent, 255 Morrljon St.. Cor. Third, Portland. Oregon. The Magnificent Trans-Pacific Passenger Steamship TACOfVSA Registered tonnage, 2S11 tons? capacity, 4000 tons; passenger accommodations. 10-3 first class, 300 second cla'ss. This steam ship has Just been released from the gov ernment service as a troopship, and has every modern comfort and convenience and Is the largest steamship In tho Cape Nome trade. "Will sail from Tacoma. and Seattle on or about the 25th of Hay. For rates and full Information apply to DODWELL & CO.. LTD. Telephone, Main, S5. 252 Oak Street. t TRAVELERS' GUIDE. FAST Sfc SOUTH Ip Leave Depot Fifth and I Streets Arrive OVERLAND EX PRESS TRAIX3 for Salem, Rose-7-OOP M burg. Ashland. Sac- .n.. , ..Wi-.il. raroento. Og-den. '0.15 A. M. San Francisco. Mo 8.30 A.M. 1 paso ;cw or- ':00P. at leans and the East At Woodburn (dally except Sun day), morning train. r connects t Ith train for Mt. Angel. Stl- " V v e r t on. lirowr.e- -v vllle. Springfield and Natron, and evening train for " Mt. Angel and SI- ., ertcn. $7:20 A. tj. Corvallla paasensr tS-.SO P. 24. M:50 P. M. Sheridan passenger $8:23 A. M. Daily. jDally except Sunday. Rebate tickets on sale between Portland. 'Sac ramt-nto and San Franclsi. Net rates S17 first cla and ?11 second class, including sleeper. Rates and tickets to Eastern points and Eu rope. Also JAPAN. CHINA. HONOLULU, and AUSTRALIA. Can be obtained from J. B. KIRKLAND. Ticket Agent. 140 Third aU. YAMHILL DIVISION. Passenger Depot, foot of Jefferson Street. Leave for Oswejro daily at 7:20. 9:40 A. M.; 12:30. 1:55. 3:25. 3:15. 6.23, 8:05. 11:30 P. M.: and 9 00 A. M. on Sundays only. Arrive at Portland daily at (T.35. 8.30, 10:50 A. M.; 1:35. 3-15. 4.30. 0:20. 7-40, 10-K) p. M..- 12:40 A. M. daily, except, Monday. 8.30 and 10:05 A. M. on Sundays only. Leae for Dallas dally, except Sunday, at 4:30 P. M. Arrive at Portland at 0;30 A. M. Tassenger train leaies Dallas for Airlle Mon dajn. Wednesdays and Fridays at 2:45 P. M. Returns Tuesdays. Thursdayu and Saturday. Except Sunday. R. KOEHLER. Manager. C. H. MARKHAM. Gen. Trt. & Pass. Agt. GO EAST VJA i(lft3 !llI HftjfeRgS), ON THE FAMOUS Chicago - Portland Special And Travel in Luxurious Comfort Dliilnur Curs. Service n In Carte LIIjrnry-HulTet Siiiokliifr Cn,r. Pnlnce and Ordlnnry SleepinK Car. Free Rccllulnjr Clrnir Cars. The only ttain running through solid from Portland to Chicago. No chnrgt of cars. Every ear Illuminated with l'lntsch sa.. Leavct S P. M.. Portland. Arrives 0:15 P. it. CITY TICKET OFFICE 124 Third St. Phone Main 563 V. E. COMAN. General Axent. J. K. NAGEL. City Ticket Aft. fkfMtMLMl f miwm s bOO PACIFIC LINE Offers the LOWEST RATES and TtEST SERV Ice to and from all Eastern points and Euros. Through ti-u:.: cars from coast to St. Paul. Toronto. Montreal anj Uastoa WITHOUT CHANGE. Direct Route to Kootenay Mining District British Columbia Canadian Pacific trjs! null i:ijiwj3:i, lines M rci lalts, and information, apply to H. H. AUHOTT. Agsnt. E. J. COTLE. H8 Third street, city. A. G. P. A.. Vancouver. C C SSreatNoktherh Ticket OJHcex I'Ji'Z Third St. 'Plionc CSO LEAVE. No. 4 3:J5 P. M. The Flyer, dally to an't from St. Paul. Minne apolis, Duluih. Chlca.fi and nil points East. ARIUVE. No. 3. 8:00 A. it Through Palace and Tourist SIsepers, Dining and Buffet Srcoklng-Llbrary Card. JAPAN - AMERICAN LINE STEAMSHIP KIN5HIU MARU For Japan. China and all Asiatic points will leave Seattle. , About March 12th. Pacific Coasi Steamship Co. FOR ALASKA TIIE COMPANY'S elegant steamers. Cottage City. City of Tojeka and Al - Kl leave TACOMA 11 A. M.. SEATTLE O P M TTaIk 4 ft It 1f Mar. 1. 11. 10, 21, 20. 31, Apr. 5, and every fifth day thore nffer. For further Information .Ktwlr m,mnftTlvB fftl.lr Th company reserves ma right to chanrv. steamers, sailing datea and hours of sailing without previous notice. AGENTS N. POSTON. 210 Washington St.. Portland. Or.; F. W. CAIILETON. N. P. R. H. dock. Tacoma: J. F. TROWBRIDGE. Puget Sound Supt.. Ocean dock. Seattle. GOODALU PERKINS Sc CO.. Gen. Agts.. S. 5". WHITE COLLAR LINE COLUMBIA RIVER & PUGET SOUND NAVt GATION CO. PORTLAND AND ASTORIA. BAILEY GATZERT (Alder-street dock) Leaves Portland daily every morning at T o'clock, except Sunday. Returning, leaves As toria every night at 7 o'clock, except Sunday. Oregon '"phore Main 351. Columbia 'phone 351. U. B. SCOTT. President. Astoria & Columbia River Railroad Co. LEAVES UNION DEPOT. 1 For Meygers. Rainier. ARRIVES Clatskan!?. Westport. Clifton, storla. War renton. Flavel. Ham mond. Fort Stevens. Gearhart Park. Seaside. Astoria and Scashora Express. Daily. Astoria Express, Dally. UNION DEPOT. 8:00 A- M. 11:13 A. M. 8:40 P. M.- :00 P.M. Ticket office. 235 Morrison st. and Un'on dtpou J. C MAYO. Gen. Pass. Act.. Attcna. Or. VANCOUVER TRANSPORTATION CO. Steamer Undine. Captain Charles T. Karam, leaves Vancouver at ti.iO A. M. and 1 P. M. Leaves Portland at 10:30 A. M. and 4:30 P. M. Sundays excepted. For freight or patoage ap ply on fcard, .fool of Taylor otrwt. Bound trlk 30c. - ll?iiw?fip K K2jjfcSU- Wmlm 3sjt- , ,-,,,