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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 29, 1900)
THE MORNING OREQONTAN, H'URSDAY, JfAKCH ' 29, " 1900. II COMMERCIAL AND A continuation cf the mild -weather, which Is specially adapted to the needs of the farmer, is one of the most encourag ing features of the business situation, al though It Is making matters temporarily Quiet in a few lines, as the farming com munity has too much work at home to ad mit of their going to the town to trade. During the -week there has been a slight decline in some lines of produce, potatoes being exceptionally dull in comparison with -what they were a short time ago. Kew potatoes are being received from Cal ifornia, and as they are of good size and fair au&llty. they sell quite freely. Sheepshearlng is progressing In gome lo calities, but as yet only on a limited scale, as most of the woolgrowers fear more cold weather. There 16 not much life in the wool market as yet, but there is some in quiry for mohair. Butter, eggs and poul try are all easier thl3 week, on account of heavy receipts.. in the grocery trade there is consider able activity,, with much firmness. Active preparations are under -way for fishing, down the river, and the demand for staples from that direction is heavy- Oats have been a little scarcer for best grades, with plenty of common stock offering. Pork Las stiffened up a little, and best block hogs have sold during the week as high a& C& cents. Veal is plentiful, but the demand is also good. "WHEAT There was decided evidence of strength fn the Chicago wheat jnarket 3-estcrday, prices showing a gain of over a ccr.t, as compared with Tuesday's close. In the local market, where the freight sit uation is the overshadowing factor, which for weeks has hampered buslners, there is not very much change. Any impres sion that may have gone out that export ers were In need of wheat, has certainly been corrected by the dispatch which is given ships. The Isle of Arran, which has been In the river but 14 days, three of which were spent In quarantine at As toria, finishes loading today, and Ihe Poseidjn, -which arrived a day ahead of the Isle of Arran, will lnlsh tomorrow, leaving enough wheat on spot to load half a dozen ships, wh'.cn at present are not obtainable. "There has been some active bidding for choice wheat during the week, but not so much as there was a few weeks ago, when the flour trade was more active. As to values, there is about as much latitude given 'figure as there has been at any time this season. Based en a 40 shllllng rate, which seems to be the limit which Portland exporters will pay, 53 cents Ls said to be an outside value for Is'o. 1 "Walla "Walla on track at Albina. It is perhaps needless to be stated that a cent, and even 2 cents, above these figures has been paid within the past week. This does not necessarily mean that there is a loss for the exporters, for, as has been previously stated, there are ships coming along during the next SO days which have been chartered at rates run ing over a range of nearly 7 shillings. This difference enables a man fortunate enough to have 'a cheap ship to throw away tho profit in an extra price for wheat, but it docs not contribute to the gaiety of his neighbor, who ls endeavor ing to do business under conditions as they now exist. The Valley mills seem to have the call on the most of the wheat still unsold in the Valley, and they are paying about a cent above the price usu ally quoted by exporters. The amount of wheat still on hand In Iho Pacific Northwest Is not as great as is reported in some quarters, although there Is still a largo surplus to come for ward. Owing to the diillculty in- securing accurate data regarding stoclts visible and invisible in the interior, all figures must be considered as approximate, but con servative estimates by well-informed grain men place the amount east of the mountains at between jO.O0O.O0O and 11, 000,000 bushels. As a large portion of this is certain to be carried over into next sea son, estimaters who place the surplus at a higher figure can keep the difference on tSie books as "carry-over stock" until a good opportunity appears, where a few million bushels can be dropped for hog feed. Under date of March 13, Broomhall writes as follows regarding the situation abroad: At last we have really Springlike weath er, and the tone of British agricultural reports ls much more cheerful. "With fine weather and March winds, the land is drying well, and a start at seeding has already been made. Winter wheat in general still looks well, but there ls some mention of thin plant. Notwithstanding large shipments and continued liberal de liveries of wheat from first hands, an un dercurrent of strength has pervaded the market during the past week, and prices can be called a trlfie better. Undoubted ly the chief sustaining influence of the market in the United Kincdom is the scarcity of good quality wheat on tho spot, and we hear from Antwerp that a similar scarcity exists there, prices be ing maintained In consequence. Shipments from Atlantic America con tinue quite moderate, which will keep the supply of contract grades in 'Liverpool and London in narrow compass; but, on the other hand, very large quantities of wheat continue to be put afloat from Ar gentina and the Pacific ports of the Unit ed States, whilst the movement from Rus sia last week was decidedly larger. We shall certainly have more wheat arriving "before long, but we still hold to the opin ion expressed a week or two ago, that a continued and liberal stream of arrivals cannot be exnected whilst Arirmtin a,,.- ica. and Russia hold back their stuff, or only ship sparingly. The latest crop news is somewhat variable, but satisfac tory in general. There Ls no doubt but somo of the American states have had their Winter wheat badly nipped, but. tak ing the situation in the United States as a whole, there appears to be little cause for complaint. In this country there has been a welcome cessation of rains, and tho weather has turned brighter, wlfti some drying March winds, so that spring seed ing ls now fairly started. Also in Franco the weather has turned more favorable, - "and most reports are of much more cheer ful tenor; but there are exceptions, and some writers speak as though the crop in their district was irreparably damaged There ls still little to be said regarding the Russian crop. "Winter Is slowly re laxing its hold of the land, but it must bo a few weeks yet before It will be xos sible to judge of crop conditions. How ever, we have a report from Berdianskl saying that frost without snow has-set In there, after several weeks of mild weather, and caused renewed fears of damage to the "Winter crop. The export movement last week was larger. It would be easy to exaggerate the significance of this, but we may at least assume that the fears of serious crop damage are not generally entertained. Navigation on the Azoff Sea Is due to reopen at tho end of March, and when this is an accomplished fact we may get a better idea of what the crops are like, and how the shipping movement is likely to be. The Cincinnati Price Current, reviewing its crop correspondence, for the week end ing lost Saturday, says: The past week has been unfavorable for the Winter wheat in that part of the Win ter wheat section east of the Mississippi Blver. where the plant was already in a weak condition: but in the Western states of Missouri, Kansas, etc., where the plant nme u. hcuiui Kiuniu, iiie vanaoie wcatn er of the past week or two has not yet shown any adverse eirect. in those sec FINANCIAL NEWS tions where the prospects of the growing crop are poor, there is a strong disposition among Jarniers who .still have Qld wheat on hand to hold on to it tenaciously. The movement of wheat In the Winter wheat states generally Is only moderate. In Ohio the condition of the growing wheat Is very discouraging; recent reports are as unfavorable as at any time this Winter; a considerable area will be plowed up and put to other crops. In Indiana recent weather conditions have not been favor able to tho growing wheat, and late re ports indicate that the crop generally is looking poorly. In Illinois the wheat slant has had somo trying weather to contend with during the past week or two. but how it will be affected is uncer tain. Up to the past week the prevailing condition of the plant was very good. In Kansas the growing wheat ls reported in fine condition, in spite of varying weather conditions of the past week or two. In Iowa the week has been unseasonable for farm work. Growing wheat In fair con dition. "In Missouri the growing wheat still maintains a good promise. Recent cold weather Is believed to have done prac tically no damage to wheat. Not much grain is moving. WOOL While shearing has been started in some localities, there is but a com paratively small umount of the fleece al ready taken from the sheep, and as yet no sales of Importance are reported. The wool east of the mountains, especially in the Wallowa country, ls said to be the finest that has ever been grown in that country, and somo of It will compare quite favorably with Valley, and will bring ex cellent prices. At present, quotations are largely nominal at 16 to 18 cents for Val ley and 12 to 15 cents for Eastern Ore gon. Buyers arc showing a disposition to wait, an easier tone in . the Eastern markets hampering business somewhat The New York Journal of Commerce, under date of March 24, has the follow ing: There is an undertone of weakness in trie local wool market, which Is not ob servable in quotations that are given, yet, notwithstanding the unusual dull ness, prices are firmer than might or dinarily be expected. The majority of owners are "holding at old prices, simply for the reason that they have not had any demand by which to gauge a lower level. The dullness which ls prevalent today has been in existence almost since the 1st of December, and, although there have been slightly more inquiries during the week and there are those who are watching the market closely, there are those who contend that the end of the present dullness lst not in sight, and that wool will show a considerable further decline before there is any general buying. There Is a great deal of speculation re garding the amount of stock In man ufacturers hands. Optimists are Inclined to believe that there Is not sufficient wool In manufacturers' possession to carry thorn beyond the loth of April, and at that time. If not before, general buying will be resumed. The statement ls made, on the other hand, that during the heavy buying in November, manufacturers bought sufficient to supply their require ments during the remainder of the season. Manufacturers are beginning to realize that buyers have over-purchased. In a speculative way, and that there ls likeli hood of cancellations beyond those which have been received. Manufacturers, however, are not anx ious to see lower prices, as It would give the buyer an additional excuse for crawl ing out of his orders. He does not care to pay any lower prices for wool, but simply wishes to 'be let alone, for the time being, at least. There have been some offers to take wool, which have been re fused, but they were so ridiculously low that the manufacturer himself never ex pected to have them, apcepted. Holders do not know exactly sit what to quote their wool, andtis long" as ihere. ls no demand, they believe that the best policy is to ad hero to old prices. This, creates a level which ls above that at which actual de mand would be satisfied, but which would prevent larger recessions than ore neces sary. FRUIT The stock of strictly flrst-class apples ls not large, and a choice article will bring good prices. At the same time, there ls still considerable "scrubby" stock on the market, which sells around $1 and $1 23 per box. Oranges and lemons con tinue In good supply, at quotations, with tho demand easier than it was a short time ago. The banana trust at New Or leans ls endeavoring to kill off tho large trade In that fruit by advancing prices whore the sale ls bound to be restricted. Two cars of very flne fruit came in this week, and dealers had hard work getting out even at 42 75 and ?3 per bunch. At this figure, the retailer was forced to ad vance prices to the consumer, and tho demand Is checked accordingly. The sea son will last but a few weeks longer, and by next Fall the trust may learn that there ls more money In large sales and small profits than by present methods. POTATOES The potato market Is 'de cidedly weak. Not only has the California demand slackened, under the appearance of new. potatoes, but there ls less call for shipment to the north, and, as tho local demand takes up only a limited amount, prices have weakened, and yesterday some of the dealers refused to quote over DO cents for the best that were offering. Others admitted that a fancy article would command 55 to CO cents, but the latter figure is believed to be the top. Onions are firmer again, and are selling freely at IVt cents per pound. New potatoes are plentiful at 214 cents per pound, and will probably be lower when the next steamer arrives. BUTTER After several weeks of droop ing, the butter market has at last settled back on a basis of 50 cents for fancy creamery, with plenty of good stock of fering at 43 cents. There is considerable California butter In the market, the re sult of holding the Oregon stock up to an extravagant figure long after the In ferior butter from the south began to -undermine the market Dairy Is weak at WHEAT! A Most Astonishing Record Purchases of wheat made In March in variably show a good profit during April and May, as the following table, compiled from the official records, will prove: Low In High Tear. March. An'l-Mav. ,v 1679 M 8S1S $1 01 I3V1 1SS0 ni2 125 li 1SS1 9SH 112G itf? 18S2 12414 140 IS? 1SS3 105 113 s5 1834 82 &i I2i: 18S5 73 933. ir 1886 75 S3Vi sli 1SS7 72 SMi lf?& 18S3 .-. 71 49 lSi 1SS9 9214 10GX 14 1SS0 76Vi 100 2ZK 1S91 9914 116 16fc 1892 771i 91 13a; 1893 7214 83 y 1894 55 Coll 9& 1895 518 S5?4 34 ISM 59T4 71 11U, 1897 CS& 97 2814 1893Leltor) 100 185 85 1899 6G 7914 13U. Take advantage of an exceDtional op portunity to increase your income. We have the facilities and solicit your busi ness. CULLISON & CO. Beard of Trade and Stock Exchange Brokers, 214-215 Chamber cf Commerce. PORTLAND. ... OREGON. 33 to 45 cents, and store ls nominally 25 to 30 cents. EGGS Receipts of eggs this week have been remarkably heavy, and this fact together with a slackening In the demand from outside points, has caused a .very weak market. Yesterday, round lots were selling as low as 11 cents, and stocks could not be cleaned up at that figure, while for single cases, 12 cents was an extreme figure, with some dealers glad to sell at 1114 cents. It Is believed that the price has neared tho point where .dealers will begin placing them In cold storage, and this will ease the strain on the market and hold prices steadier. POULTRY The high prices which pre vailed last week attracted some very heavy consignments of chickens, and, as a result the market ls In a fair way to be overstocked. Prices have declined until yesterday the best old hens and coops of large mixed chickens were slow at 55 to $5 50 per dozen, with $6 an ex treme figure for stock which last week would have brought over $7 per dozen. Mixed coops are selling down as low as JS DO again, and there -Is but little call for Springs, at $3. to J4 30 per dozen. Ducks, geese and turkeys are quiet at quota tions. Bank Clcarlnss. Exchanges. Ua'ancoj. Portland -Si 2H& Seattle 2C5.052 77.602 SpSlcano 1W.&W ,H3 Tacoma ... 100.7M - 1U.314 PORTLAND MARKETS. Grain. Flour. Etc. "Wheat Walla Walla. K$S&4c; Valley, 63I Wc; blue.tem, K25Go per bushel. Flour Bet grades, f2 703; graham, $2 50; juperflne. J2 10 per barrel. Oau-White. 300'37c; gray, 33&34c; stained, 2JVgOOc per bushel. Barley Feed, $1414 50; brewing, $1717 50 per ton. Jllllstuflfc Bran. ?12013 per ten: middling JlSfflO; shorts, 41315; chop. $14. Hay Timothy. $0010; cloer. $707 SO; Ore gon wil J. hay. ?C7 per ton. Vegetables, Frnlt, Etc. Vegetables Parsnips. $1; carrots. $1; turnips, COc; onions, $2 2 GO per cental; cabbage, IWcffSl per cental; potatoes, BOTGOc per sack; sweet potatoes. 21Cr3c; peas, 4VW?5c: beanw, lie; asparagus. 4c; new potatoes, 214c per pound. Fruit Lemons, $2 &03: oranges. ?2S3 per box for navels, $1 50Q2 for seedlings; tangerines, ?1 75; Japanese oranges. 75c$l CO per box; pineapple?. ?4 50 C per dozen; bananar, $2 50 3 per bunch; Persian dates. "HSfic Pr pound; apples, $101 CO; pears, 7CcG?l 25 per bJx. Dried fruit Apples, evaporated, IQSa pel pound; sun-dried, sacks cr boxes. 45c; pears, sim and evaporated. DS?0c; plums, pitlssa. 43 514c; primes. Italian. ofcrtfWc; silver. xtr choice, 5 Cc; flgs, Smyrna, 221c; California black, C6c; do white, 10c per pound. Butter, Errs, Poultry, Etc. Butter Fancy creamery. 40 C 30c; seconds, JOc; dairy, 30337540; store, 254j32l4c per roll. Eggs lllllic per dozen for Oregon. Poultry Chickens, mixed, $3 504 50; hens, $5u; ducks, S&8Q: geerc. ?0 GjS per dozen; turkeys, live. 10311c; dressed, 12&&Uc pel pound. Game Mallard ducks, ?3; widgeon, $1 GOQS; teal. 5101 CO per dozen. Cheese Full cream, twins, 32SJ13c; Touni America, 14c per pound. Groceries, Xuis, Etc. Coffee Mocha, 23g2Sc; Java, fancy, 20?32c; Java. good. 20324c. Java, ordinary. !Sg20c; Costa Rica, fanoy. 18$T20cr do good. 10318c; do ordinary. 10012c per pound; Columbia, roast, $12 75 per case; Arbuckle's. $14 25; Lion, $12 75. Sugar Cube. ?5 82; crushed. ?5 S2$; pow dered $5 S2: dry granulated, cano, $5 3216; beet $5 22&; extra C, 4 S2H: golden C ?4 70 net; half barrels. 14c more than barrels; mail( tmgar, 1510c per pound. Beans Small nhlte, 3c; bayou, 4c; Lima, C per pound. Salmon Columbia river. 1-pound tails. ?1Q 1 CO; 2 - pound tails, f 2Q2 CO; fancy, 1-pounO flats. $1 051 75"; Impound fancy flats, bZQOoc; Alaska. 1-pound tails, $1 205$ 1 30; 2-pound tails, 51 P0$2 25. Grain bags Calcutta, $7&7 10 per 100 foi epot $0 COflu C2H for July-August. Xuu Peanuts. Cltfl7c per pound for'Vaw. lOe for roasted: cocoanuts. 00c per dozen; walnut lOSJllc per pound; pine nuts. 15c; hickory nuts, 7c; chestnuts. 15c; Brazil, lie; Alberts. J3c, fancy pecans. 12 14c; almonds. 15 Q 1714c pei pound. Coal ell Cases, 21JSc per gallon; barrels, 171c; tanks. lC&c Bice leland. 0",ic; Japan, 51tc: Xew Orleana ilfcSOiic. fancy head. $77 CO "per sack. 3Icnt and Provision. Mutton Gross, best sheep, wethers and ewes. $44 25; dressed, 767c per 'pound; eprlng lambs, $22 50 each. Hogs Gross, choice heavy. Vi light ? CO, dressed, 54? Cite per pound. Beef Gross, top steers. $44 00; cows. $3 CO 4; dressed beet. CfcfFc per pound. Veal Large. CH7!$c per poUmi; small. 8?0c. Provisions Portland pack (Shield brand): Hams, emoked. are quoted at 13Hc per pound; picnic hams. 0!4c per noundL: breakfast bacon. 1314c; bacon, Olic; backs, OHc; dry salt sides, 81c: dried beef, 171c per pound; lard. 5-pound palUi. 10c; 10 -pound palls, liif,c; 50s. O-c; tlercv. 0J6c per pound.' Eastern pack (Ham mond's): Hams, large. 13c; medium, 13ViC pmall. 13)4c: picnic hams, 0ic; shoulder, Oc; breakfast bacon. 12Jic; dry salt sides, SliGafcc; bacon sides. OQlOVic; backs. 10c; butts. Sc; lard, pure leaf, kettle rendered, Cs, 1014c; 10s. 10c. Hops, "Wool, Hides, Etc. Hops 2Q6c per pound. Wool Valley. 12 13c for coarse. lCUlSc for best; Eastern Oregon, lOCTlSc; mohair, 2&82Sc per pound. Sheepsklnd Shearlings. 1520c; ahort-wool, 2J 035c; medium-wool, 30jjr50c; long-wool, tiOcQfl each. Pelts Bear skins, each, as to rtze, $515; cubs, each. $105; badger, each. 10J?14c; wild cat. 2&S40c; housecat C 10c; fox. common grar, -JOCJOOc; do red. $1 2561 75; do cross, $2 5-1 GO; lnx. $1 C0&2 CO; mink, 30c$l 25; mar ten, dark Xorthern, $48; do pale, pine, $1 2S Q3; muekrat, S Q 12c; skunk, 25M0c; ottet (land), $4&C; panther, with head and claws per fect $163; raccoon, 25QS0c; wolf, mountain, with head perfect, $3 505; wolverine, $2 50S5; beaver, per skin, large, $67; do medium, pet ekln, $465; do small, per skin, $lf; do kits, perskln, 50c$$l. Tallow 5S5Hc; No. 2 and grease, 3&4c pet pound. Hides Dry bides. No. 1, 10 pounds and up ward. lM?15Sc: dry klc Xo. 1. K tn in mnfi.t. 15c per pound; dry calf. No. 1, under 0 pounds. ioioc; ary sauca. one-third lees than drj flint; ualted hides, sound steers. 00 pounds and over. 8iiQ9c: do CO to CO pounds. 83S!Jc; d under 60 pounds and cows. 7e8c: kip. 13 to &4 pounds, 7HSc; do veal. 10 to 14 pounds, 7!c; do calf, under 10 pounds. 7Uc; green (unsaltedX lc per pound less; culls (bulls, stags, motb eaten, badly cut eored hair slipped, weather beaten or grubby), one-third less. NEW YORIC STOCK 3IAIIKET. Day of Furious Activity and Buoy. nney of Prices. NEW TORK. March 2S. Another day cf furious activity and buoyancy of prices marked the further progress cf the bull campaign in the stock market. The nroes of Hi.racinr. profits by selling cut on the upward course was soias on aii uie time, ana caused an appear ance of some irregularity by pulling back stocks here and there. But the buying demand and the absorptive Dower of thn mnrv.t -m.. not at all Impaired by this process'. The mar ket gave cery evidence of having ehaken off the control of the professional element Ma nipulation was in evidence in some Individual stocks, and the buying by profcwlonals on a largo wale emphasized the advancing tendency In seme caies. The proflt-taklng by the same element some time checked or prevented the advance in other stocks, but the large general demand for stocks from all sources carried everything be fore, it, and made the undertone of the, market aggressively strong throughout. There is man ifestly a large body of buyers seeking to secure stocks. Their orders are executed through com mission houses, and are received by wire from all Quarters. Other movements are Incidental, due to lndlidual causes In special stocks, or to the mownent3 to take profits above sug gested. There was a, point of weakness at dif ferent times during the whole day, and there was heavlnefls here and there in the steel stocks. There was some disposition to go con trary to London's lead, a number of stocks' which were advanced In that market being sold here, while others which fell In the early trading there were abruptly advanced here. This was nojably true of Reading and Penn sylvania, In which proflt-taklng was In evi dence In this market all day. There was some heaviness during the early hours In the Pacifies also, but as the day ad vanced the strength In this group became. ag gresslve. led by Northern Pacific, which ad vanced 2 to a record price. Union Pacific. Missouri Pacific, Atchioon preferred and South ern Pacific were all bought on an enormous ecale at advancing prices, the latter meeting the heaviest opposition in profit-takings Peo ple's Gas was also strong, and the strength was dUeemlnated all through the list The trading In Sugar was large, and the price be came feverish, the stock lcelnc at th lowest, having fallen an extreme 5H- cut In' price by a rival company was tbekuse of the weakness of the stock. Bk The special tnews of the day tH little re garded, as the whole movement Htocks Is1 based upon general conditions. TneRatements of rallroadet earnings for February pub-s Ushed duribie day was confirmatory of the Impression by the January statements of an unpreceaRRl level of earnings for rail-, roads. St Paul, wth its heavy charges for operating expenses and a resulting decrease la net earnings, was a. notable exception, but the price of the stock was not affected. A feature of the day was the further sharp advance in the rates of sterling exchange. The fact that London ls carrying stocks with money borrowed In New Tork serves to ex plain the apparent- -anomaly of a rise in ster ling exchance rates when London buys stocks here, and an easing of the money market when it sells. Another heavy day's business was done in railroad bonX and, with the exception of some proflt-taklng In speculative issues, prices were higher. Total sales, $4,480,000. United States 2s declined per cent In the bid price. BONDS. TT. S. 2s. ret 104 D. & Tt G. 4s 00ts Gen. Electric 5sf..ll0 N. Y. Central lsts.HOW North. Pacific 3s.. CSV do 4s 10C Oregon Nav. Ists..ll0 do 4s 104 Oregon S. L. Cs... 12S do con. 5s 115 Rio Gr. "West lsts. V0V, U. S. 2a, reg 1005i do 3s. reg. .1104. do 3s, coupon. ..110-m do new 4s, reg.,1341- cio new 48. coup.i.HVj do old 4i, reg...H5Vs du eld 4s. coup..HC do Cs, reg 1141a do t, coupon. ..114t U1SU 101. 3-UJS....IIU C Dm.I' w.nr1.. 1 A Atchison adj. 4s.. 84?ijSt P. C. & P. Istflll0& C & N.W. con. 7sl41 j do 5s 1204 do S. F. deb. 5s. 121 Union Pacific 4o.10'a P. & t G. lsm..l03iWls. Central lsts.. 02a When Issued. tOffered. STOCKS. The total sales of stocks today were 056,200 shafts. The closing quotations were: Atchison 2S"!il Union Pac pref..." 77Vi k. "" ivu;o,..iiv uy prei 1'A1 WaDOSH Bait. & Ohio SI .... 81. d CIS.' -I . do pref .... 227b 11 31 1&S4 G7 can. Pacific .. .... 0741( Wheeling & L. E. Can. Southern ... 521.! -do 2d nror ... i-rii "c Chfes. & Ohio 31VtiWisconsIn Central v.ui. r. western. lHy&ii. U., C. Si St L. ." oi i;siJ.aira Avenue 104 Chi.. Ind. & L.... 25i EXPRESS CO'.'S. ao pref C'JjAdams nc Chi. & East 111..10C JAmerlcan ..147 Chicago & N. W..1U3 J United States .... 48 C.. R. I & ac-lUUfWelts-Fargo 123 C.. C., C. & St L. 02- 1 MISCELLANEOUS. coio. boutnorn ... 7'siAmer. Cotton Oil., .tau do-1st nref 4GU! flr nmf L tin nrtt of dO 2d tirf fHl ! Amor- folflV 04 4 24 42- 00 " .uei. &. Hudson.... 117 Del.. Lack. A W..1K5U Til. X- TTi.rtonn lira'' J & Amer. Smelt & It do Tref Denver .fc nin f!r f-xv. do pref 74V Amer. Spirits 14 c-ne - n, ,do lst pref 42:4 Great North, pref. 103 Hocking Coal .... lyij, Hocking Valley .. 37 Illinois Central .,.110; do prer 17 Amcr. Steel Hoop. 30 ao prer .-. si Amer. Steel & W. 571& do pref DOli Amer. Tin Plate.. 33b auii vuiirui llryt do pref ........ 53Amer. Tobacco"." 107 Kan. C, P. & G.. 20s Lake Erie & V... 23 do pref SO do Tit-Pf in Anaconda. Min. Co. 40V1 Brooklyn .R. T 73 j-jiKe fa.iore 200 Louis. & Nash.. S5jCont Tobacco uojo. ioiei & iron.. &0 33- Manhattan El 84?; . 545 .130 521? . 0S& Met St. Ry 10014 WHt v JfiCi Federal Steel ... do pref ...... Gen. Electric ... Glucose Sugar .. do pref ....... Int Paper , .Mexican central.. i3Tt Minn. & St. Louts CSli do nref OOti Mlasaurl Pacific Mobile & Ohio., M.. 1C. & T.... 50-1, 4714 12k do pref CO do pref Ml-. T.i ftaAa nn ri New Jersey Cent.llSVt National Biscuit"." 30 New York Cent...l38"-4 do nref H Norfolk & West 30)4! National Lead .... 2414 do pref Northern Pacific GOft I National Steel TSI u prei. ... .....io-j-js 41U 41' do pref Ontario & West... 20 Vl UU I'lCl. ! N. Y. Air Brake. .134 O. R. & N. . 42 INorth American. .. 15 . 70 Pacific Coast . . . . . 52l do pref ... Pennsylvania ..i.u .Si ao ist prer... 82 .Heading , do lst pref , do 2d pref Rio Gr. Weetern., do pref St Louis & S. Fr, do lst pref , do 2d pref St Louis & S. W, 20 do 2d nref . 02 . 37 ' C314 Pap.lflo Mull 34 j People's Gas" IM7 Pressed Steel Car.. 53U do rf fin 01 lli Pullman Pal. Car.l84U 38-$! Sugar 10515. 12 do pref 11D do pref St Paul 124SJU. S.' Leather,...." 1311 do pref 172 do pref 734 Hi. rui tv j ii.i u. a. ituDoer aix Southern Pacific Southern Ry ... do pref ....... Texas & Pacific. Union Pacific ., 42!! do pref 0G , 1514J Western Union ... S3 ' GOV, Republic Iron &, S. 22 18'A do pref G5& Foreirrn Financial News. . NEW YORK. March 28. The Commercial Ad vertiser's London financial cablegram says: The activity In the markets hero was reduced today, but the tone was maintained, except for gilt-edged securities -which were heavy en tighter money, consols falling ?j. Americans were still active, but business today was al most all professional, and the market 'was weak until afternoon on profit-taking, when It be came strong, reaching the best point Just be fore New York prices came In. Baltimore & Ohio and Norfolk & Western were most pat ronized. New York hesitated, but bought In the street especially Northern and Southern Pacific and Ontario & Western. London be lieves the boom is simply resting before a fresh Jump. Paris hoisted Tint 03 to 58, and New York lifted Anaccnda to 10. London then began to buy, and talked of HVi- The bank bought iCO.000 gold In barn. Call money was In strong demand. Money, Excbnnfire, Etc. SAN FRANCISCO. March 28. Sterling on Loudon CO days, $4 S3; do sight $4 87. Mexican dollars IS&'JNOc. Drafts Sight 171c; do telegraphic. 20c "NEW YORK. March 23. Money on call. 33MU per cent; last loans, 4 per cent Prime mercantile paper ti01& per cent Sterling exchange Strong, with actual busi ness in bankers' bills at $4 8014 for demand and at $4 S214 Q 4 82 for CO days; posted rates, $4 8314 87; commercial bills, $4 82 4 SnVt SUer certificates COliSOlHo. Mexican dollars--nHc Bonds Government, easy; state weak; rail road, strong. LONDON, March 2S.-Consols 101. OTIE GRAIX MAHKETS, SAN FRANCISCO, March28. Wheat, easier. Barley neglected. Oats dull. Spot quotations were: Wheat Shipping. No. 1, OCUc; choice, OTlJc; milling, OSfccl 01K. Barley Feed, 7073e; brewing, 82!S5c Oats Gray, Oregon. $1 07il 1214; milling, $1 151 17H; red. 05c$l 15. . J Call board sales: Wheat Easier; May. OSlic; December, $1 05; cash, 0714c Corn Large yellow, $1 151 1715. Chicago Grain and Produce. CHICAGO. March 2S. News of damage to the French crop has become a bit of a routine, having been cabled with more or less persist ency since the beginning of the season. Some times it has been Ignored, and at other times given consideration. It was shelved the other day, but today It seemed freighted with Im portance, probably because, the damage report carrlod an estimate reducing the crop 04,000, OuO bushels. A mere liberal explanation of the causd of today's strength lies In the 54, 000.000 bushels In the visible, and the 41,000, 000 bushels on ocean 'passage. Which the bears have, oversold. Large as are these stocks, they would be of small account were millers the world over compelled to draw principally from the stocks mentioned from now 'until. -next harvest. The plausibility of the theory that the millers are In the position mentioned ls apparently borne out by the excellent demand from "Eastern centers of consumption", as well as from abroad. However that may"be, shorts certainly reft some strong Incentive for getting in a safe position. In this covering St Louis iana were leaders. ' The advanco latejn the session, was helped some by nervousness" over the possibility of war between- Russia and Turkey, 4n which other J nations might become Involved. May opened a shade over yesterday, at GCJgOSKc and ad vanced to 07c, closing strong; ll4?llic over jesterday. The provisions market set out early to shat ter records, and, according to old-timers, clam bered up to an eminence unknown during the corresponding month of any year since 1S05. The encouragement for the demand was In higher prices for hogs, but back of this in- fluence was the" 5ondltlon which has obtained for months-ran excellent demand for current consumption and prospects of diminishing hog supply. Since December 1 May pork has gone up -nearly $3, while May lard and May rlbi have gained a. -dollar and over. Today's mar ket was an outsider's market their demands overlapping even the pressing wants of the packer?. The lard advance was the feature, being, 50p per tierce. There, was some heavy profit-taking, which checked the advance for a time; but this opposition was swept away after a brief existence during tbQ mlddla of thelsslon. Opening prices, although oer yes terday's close, were the lowest of the day. May pork closed 45c higher. May lard 25c up, and May ribs, 171sjr20c up. The corn market as a "rival of wheat and provisions' for- the calcium, light and the cen Jterpf the commercial stage was a failure. Country Offerings were small, cables were not encouraging-. The market closed firm. May closed KS'JbO ovefr yesterday. Oats were strong for the July option. The marHetwas supported 'by the strength of wheat and provisions. May closed c up. The leading futures ranged as follows: Highest Lowest. Closed. .March .$0 CCK, $0 G0 $0 GOVS $0 OG-'h iiay K4 G. G& 07 July 07 08 07 03 CORN. March .- Sff May 83 88V4 S3 38 July 38 3S 38 35 September .... 39 30 80 301i OATS. May 2414 24 2414 24 July 23 23 23 23 MESS PORK. . May 12 15 1250 1215 124714 July ....11021$ 12 32 1102 12 27ia LARD. May 0 85 6 52 0 35 0 52 July 0 45 UG2 0,45 6 62 SHORT RIB3. May 650 C62 050 6C2i July 647 0 00 6 47 6 00 , Cash quotations: Flour Easy. Wheat No. 3 spring. C2-SCCc; No. 2 red, CS3C0c , Com No. 2. 373s57c. Oats No. 2. 24Q24c; No. 2 white, 2CQ 27c; No. 3 white. 2Gg-2CJlc Rye No. 2, 52c. , - f Barley No. 2. 30Q43c . . Flaxseed No. 1. $1 65. Timothy seed Prime. $2 40. Mefu pork $11 S512 CO per bbl." Lard $0 45 0 57 per cwt. "- - Short ribs Sides, loose, $0 55C SO. , Shoulders Dn? salted, boxed. ?0-256 CO. Short clear; sides Boxed. $G 85C 00. Butter Weak; creamery, 19?23c; datry, 10 C22c Cheese Firm, 1213c. Eggs Steady; fresh,. 10f,c Receiptii Shipments: Flour, barrels , 0.000 77.000 Wheat, bushels . C7.0O0 50,000 Corn, bushels.-,,.. 746.000 241.000 Oate. bushels 510.000 230.000 Rye. bushels 0.000 4.000 Barley, bushels CO. 000 22.000 Xcit York Grain and Produce. NEW YORK. March 2S. Flour Receipts, 5000 barrels; exports. 2G00. Market active. Minnesota patents,. $3 70tj3 05. Wheat Receipts, 34,400 bushels. Spot strong; No. 2 red, SOlic f. t. b. Options opened steady on war news. The strength. In provisions also helped bull operators Jby alarming shorts. The close was strpng atsllc net advancej March closed at 78c; Mar closed at 73c; July closed at 70c; September closed at 73ic. Wool Steady. Hops Steady. European Grain Mnrlcets. LONDON, March 23. Wheat Cargoes on 'passage, firm; Walla .Walla, 23s; English country markets, flrn. , LIVERPOOL, March 23. Wheat In Paris, firm; flour -In Paris, quiet; French country mar kets, quiet Wheat Nominal. Futures, Ann; May, 5s 9d; July, 5s 8d. Corn Spot firm; Americnn mixed, new, 3s lld; old, 4s d. Futures, Arm; May, 4s d; July. 33 lld. SAN FIIANCISCO MARKETS. SAN FRANCISCO. March 2S. Wool Spring Nevada, l2t?15c; Eastern Oregon, 1216c: Val ley, Oregon, 20U22c Fall Northern, mount ain, 10312c; mountain, 8I0c: plains, 810c; Humboldt and Mendocino, 1415c per pound. Hops lSOOfcrop. 11013c per pound for choice. Mlllaturtsr-Mlddllngs, $17220; bran, $12 13 per'ton. Hay-Wheat $0 CO-SO CO; wheat and oat ?8 00; best barley, $5Q7: alfalfa. $5G 50; stock. $53v 50; compressed wheat $710 per ton; straw, 2540c per bale. Potatoes Early Rose. G0Q'75c; River Bur banks, 40G75c: Oregon Burbanks, C530fic pet cental; sweet potatoes, $2 252 50 per cental. Vegetables Sllverskln onions. $2 25U2 75 per cental; garlic, 23'3c; green peas, llc; string beans GJJSo; dried okra, 32c per pound; asparagus, GJcJl 50 per box; egK plant, 810c per pound. Apples $1 23 for cholbe; common, COc. .Citrus fruIts-Oranges.. navels. $1 2362 60f Mexican limes, $5 COC; common California .'lemons, $1; do choice, $1 2531 CO per box. Bananas$162 CO per bunch. Butter Fancy creamery. lSS'lOc; do sec onds, 17'i?18c: fancy dairy, 1617c; do sec onds, 146'15c per pound. Cheese California, new, J3Sc; Young Amer ica, 069c; Eastern. 1617c per pound. Eggs Store, 1212c; fancy ranch, 1314c per dozen. ' Poultry Turkey gobblers, 10 12o; turkey hens, 12813c per pound; old roosters, $3 5004 per dozen; young roosters, $690 CO; small broilers; $2 5003 50; large do, $4p4-50; fryers. $56G; hens, $5QG 50 per dozen; geese, $262 23 per pair. Receipts Flour, quarter sacks, 31,128; do Or egon. 1024; do Washington, 7120; wheat cen tals, 72,754; barley, centals. 3140; oats, .cen tals, Washington. 2070; beans, sacks. 088; corn, .centals, 570; potatoes, sacks. 2100; bran, sacks, 1815; do Oregon, 1700; middlings, sacks. 500; hay, tons, 300; wool, bales, 402; hides, 2600. 'EASTERN IilVJCSTOCK". CHICAGO. March 2S.-7Cattle RecelptB. 11.500 head. Market generally strong to 10c higher for natives; best on sale today, $5 85; poor to medium. $464 85; selected feeders, $44 SO; mixed Btockers, $3 40S3 00; cows. $3S4 33; heifers. $3 204 70; canners, $2 102 70; bulls, $3 7034 25; calyes, $4 5O0 75. Texans Re ceipts, 1200; beat on sale tolay. $4 80; Texas fed steers, $3 00SO; Texas bulls, $3 20&3 00. Hogs Receipts. 2100. Market active and 10c higher; top. $5 37; good to choice heavy, $5 15 5 37; rough heavy, $31?0 10; light, $5 U3 5 30; bulk of sales, $0 20$0 30. Sheep Receipts, 11,000. Sheep and lambs, 10c higher; good to choice Westerns, $5 850 0 10; fair to Choice mixed, $4 755 70; West ern sheept $0 COSO 10"; yearlings, S6S6 50; na tive lambs, $5 5007 30; Western lambs, $03 7 35 per cwt OMAHA, March 28. Cattle Receipts, 1200. Market UQlOc higher; native beef steers, $40 5 30; cows and heifers, $3 25524 SO; canners. $2 253 10; stockers and feeders, $3 7(KJ4 00; calves, $3 CO?; bulls and stags. $3&3 SO. Hogs--Recelpts. 5500. Market 5i?10c higher; heavy. $5 02Wi? 12; mixed. $55 02; light $4 050-6 05; bulk of sales. 35-OG 05. Sheep Receipts. 2200. Market stronger; fair to choice natives. $5 750 15; fair to choice Westerns, $5 40 Q 5 85; common and choice sheep. $4 2fr5 25; lambs, ?07. KANSAS CITY, March 23. Cattle Receipts, 7000. Market 10c higher; Texas steers. $3 'OQ 4 CO; Texas cows, $3-j3 73; native steers, $3 74 5 50; native cows and" heifers, $224 70; Btock ers and feeders,. $3 805 50; bulls, $2 S5Q3 83. Hogs R&celpts. 10.000. Market &7c high er; bulk of sales. $&35 10; heavy. $5-i?5 17; packers. $535 15; mixed. $4 00-35 10; light $4 705?5 05; Yorkers, $4 1XVS5; pigs, $4 30(84 85. Sheep Receipts, 3000. Market firm; lambs, $5 OOffTj hiuttons, $3 705J5 70. The Metnl Markets. NEW YORIC, March 23. Business in the metal market" was slack today. Cables from abroad for tin were somewhat irregular, but had enough Influence to promote an advance of CO points In Our market Lake 'copper, $10 75; tin. $31 50; spelter. $4 504 CO; lead. $4 C77 4 72. The firm that fixes the selling price for miners and smelters quotes lead at $4 45 a: the close. Bar silver, 59c. SAN .FRANCISCO, March 23. Bar silver, per ounce. 59c LONDON, March 23. Bar silver. 27d. ' "offee and Sngnr. . NEW STORK. March 28. Coffee Options closed steady at net unchanged to 5 pointi higher; sales, 13,500 -bags. Including May at $0 C5; July. ?0 70; September, $6 80 JT 6 85. Sppt, Rio. No. 7, Invoice. SSc; No. 7. Job bing, $8c. Mild, steady; Cprdova, 0V"14c Sugar Raw. firm; fair refining. 3 l.V32c; centrifugal 00 test,'4 15-22c Refined, firm. Reduction In Sncnr.i. Is"ETr TORK, March 23. Arbuckte Brer, to- Downing, Hopkins & Co. Chicago Board of Trade New York Stock Exchange Brokers Continuous market quotations at principal centers of trade received overxour own -wires. Branch offices at Seattle. Tacoma, Spokaae, "Walla "Walla, Colfax, "Wash., Vancouver and Victoria, B. C. Room 4f Ground Floor, Chamber of Commerce. Both TelepfTones. LIVE STOC CAP The Iron Steamship "Willamette," 3000 Tons; WILL SAIL FROM SEATTLE FOR Cape Nome, June 1 ' The Willamette Is especially adapted for carrying livestock, her spacious decks afford ample room for feeding, watering and attention. Being a stanch, vessel, low rates of marine insurance are assured. Sails direct to Cape Nome without stop. Ample and safe lighters for landing have been provided. For rates and space apply at once to Telephone 229. IN. CAPE 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 Sailings $&Y FOR RATES AND INFORMATION APPLY TP CALIFORNIA & OREGON COAST S. S. CO. F. P. BAUMGARTMER, 253 WashinQton St. XV. A. Mitchell & Co., General AfzvntR, San Francisco. IC ScCape Nome Gold Fields THE NEW PALATIAL ETEEL STEAMSHIP Senator" will sail from San Francisco. May 14. Seattle, May 19. Subsequent trips will be from Seattle direct, namely:. June 21, July 21 and August 20. Tho "Senator" has a capacity of 2500 ton. Her secticd cabin anil eteerage accommodation! are superior to the first-clans accommodations of moot of the steamers advertised for Noma. Tho Pacific Coaot Steamship Co. has b:en running its steamers to Alaska winter and sum mr lor 23 years, and lo the pIoner Pacific Coast line. Seattle frelsht and passenger rates ap plr from Portland. For further Information Inquire of OOODALU PERKINS & CO.. General Arenta. 10 Market, San Francisco, or N. POSTON, Agent, ?49 "Wsjahjnstoa art., Portland, Or. dnj-j announced a reduction of 5 points In tin price cf all grades of refined sugars. BOSTON AVOOIi 3IARKET. Fair Business Dnlnir, lint ttt the Ex pense of Quotations. BOSTON. March '23. The American VToot and Cotton Reporter will say tomorrows x The wool market ha rulec weak and lower, especially on fleece. There has been a fair business done, but It has been generally at the expense of quotaUons. although attempts to break the market on certain lines of territories have not met with the measure of success an ticlpated. There can be no denylnp the fact that tho fleece market ls on a lower level, than current quotation) for the previous week would Indicate, and. generally speaking. It is dif ficult to move any llnce of wool except at' somo concession. The London sale.o closed last Saturday at a decline variously estimated ut from 7 to 16 per cent, except on such wooh as America has been In the habit of taking, which apparently show very little decline. Th wlthdrawala aggregated more than 1CO.000 bales, and the purchases for American account are given at somethlne like 10,000 bales. The eales of the week In Boston amounted to 2.075.000 pounds domestic and 307.000 pounds foreign, muklng a totnl of 3.012,000. against a total of 3,G05,000 for the previous week, and a total of 3,708,000 for the corresponding week last year. Sales since January 1 amount to 41.01C.000 pounds, ngainst 44.S32.SC0 pounds for the corresponding time laat year. Stocks In London. LONDON. March 23. Canadian Pacific. 100: Union Pacific preferred. 70; Northern Pacific preferred, 78; Atchison, 2S: Grand Trunk, S&; Anaconda. PTC. ALKALINE SOILS. Experiments R. C. Jndnon Is Mailing in Eiia turn Oregon. It. C Judson. the industrial agent of trio O. R. & N has just returned from the first, second and third divisions of the line. He reports the season as far ad vanced, and that fruit along the Colum bia River promises the largest yield ever known. In the Blalock orchard there is a solid maea of bloom a mile long and 200 feet -wide, of peach, apricot, plum and cherry trees, presenting a most beautiful sight, and looking not unlike huge bou quets. Mr. Judson say3 that C. "W. "Wade, of Pendleton, the banker and stockraiser, ex pects to have his Irrigating ditch, extend ing from the Umatilla River to Stokes, full of water next week. Seeding at Stokes will begin In a few days. 2.1r. Judson made an interesting report to Trafilc Manager Campbell, regarding a plot of alkali land between Foster and Umatilla, upon which he is experimenting. There are three of these tracts between Umatilla and Pendleton, also. The object of the experiment Is definitely to ascertain what quality of forage planta can be grown on lands of this class, of which there are betw,een 10,000 and 13,000 acres In that sec tion. "When Secretary "Wilson, of the. De partment of Agriculture, visited this sec tion last Fall, ho. expressed a. desire to have tests made of the various grasses to see just what an alkali-Impregnated soil would do. He has proffered the O. R & X. people such seeds as the depart ment has that will grow in such soils, and also any assistance the department can Mormon ClShOpa PUIS Church aad uieir jo.uwe. Toiimeiy srnf Evnllri; " erery raucuoc Ccni est dejpondeat. & organs, SuaoUtcs ths bnln and ncrre centers, joe a tir. craiwey refunded, with Mots. Circulars ftec AddfCSS, For 3alc by Aldrlch Pharmacy. Sixth potonsy, tost Power. WJrjht-loases, Sparm niprrhcaa 'insomnia, Vajns in pack, Evil Desires Seminal emissions, Lnmo Sack. Nervous Oe bllltr, Headacns, Unfitness to Marry, -os3 of 1FS? Samen. Varicocele, or constipation, stops QulCitno&o ,cf Dls- frY S S ctiarsal Stopo Ner: E NOME P05TGf', 249 Washington St. st Steaoisosp j render. Secretary Wilson feels much In terest, and will watch developments. Traffic Manager Campbell has instruct ed Mr. Judson to make a thorough Jest of tho different varieties of grasses and for age plants. As to dairying Interests, Mr. Judson said: "We are following up dairying matters with the same zeal as last year. Results so far are eminently satisfactory, and when the creameries and skimming sta tions have been located, we will furnish definite information as to what has been done, and not promlse3 as to what will bo done. "We have given out more than 0 pack ages of bromas inerraus, or brome grass, seed to farmers this year. This Is the Russian gra?s that Is taking the place, in the East, of timothy. The experiments of the company have proven this to bo tho coming grass. The farmers will make tests with brome grass seed In their sev eral localities, and. should they find it to ho nil thnfr Ik pxripotpd. lnriri areas will j be sown next year. This will lead up to j the raising of livestock, and the Intro duction of crenmerles. It means, too, a revolution In the old one-crop methods. "As to Institutes and lectures among tho I farmers of Oregon and Washington along the lines of the O. R. & X.. they have been productive of much- good. Large at tendance and f requcn interrogations hava shown how deep an interest Is being stimulated In diversified farming. It 13 safe to predict that In a few years East ern Oregon and Washington 'Will become as noted for their dairy products as they aro now for their cereals. "In the matter of Immigration, from present advices, r am satisfied that the O. R. & N. will have Its share. The clnsa of farmers we have room for are from the Middle West, and are all progressive men with capital." a Grain Wnrehonten Sold. Walla Walla Statesman. On Tuesday there was filed In the office of tho County Auditor a bill of sale of tho grain warehouses belonging to and oper ated by the Kershaw Grain Comaany. ia Washington and Oregon. It transfers them to R. B. Smith, for J26.O0O. The document transfers five grain warehouses la Wash ington and 12 In Urnatllla County, Oregon, all located en the lines of the Washington & Columbia River Railway, together with the ground leases from the railroad com pany and the tools In the warehouses. Possession is to be given next June. The railroad company consented to the cale. Internal revenue stamps to tho amount of 526 are canceled on tho Instrument. Tho purchaser is reported to be a Tacoma man. The deal is said to be made in the inter est of Balfour, Guthrie & Co., tho bis grain dealers, of Portland. a Ilnllj Treasury Statement. WASHINGTON", March 28. Today's statement of the treasury balances, ex clusive of the 5150,000,000 gold -reserve, shows: Available cash balance $1G3,595,C22 Gold OS.391,432 a "Tho best pill I ever used." Is the fre quent remark of purchasers of Carter's Little Liver Pills. When you try them you will .say the same. g c "Two jewels time and good advice." Two boon companions. Hood's Sarsapa rllla and pure blood. "e been la u orr 50 yean by the leaders of ths Moraoa .cuie the won: cues In old and rouor rlInr from fft cars U at hand, 6 Ar Ja 50 by mail. apart nzor ami peter CY I Restores i mall, underelqped Bishop Remedy C., 8art FranClSCO, CaU and TiTasblagtoa streets, Portland. Or.