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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 21, 1901)
THE M0HNTNG OBEGOtflA'S, tHUttSDAY, FEBRUAKY 21, 1901. II COMMERCIAL AND The market situation as usual at this time of the year, Is devoid of feature? of , special Interest. There Is a .fairly goort i trade in staples and an active movement in some lines or produce, but as It Is loo ; late for Winter trade, and too early for j much Spring business, excitement is lack- the bottom, and the week opened with the California markets at the lowest fig ure of the season, and with buyers and sellers in the Northwest very near at a deadlock. There was a slight improve ment yesterday, but the situation does not look very bright. Wool and mohair are in the dumps, and the hop business is at a standstill except for an occasional new crop contract. The Spring-like- weather has caused a material Increase in the receipts of butter and eggs, and there Is a weaker feeling in these commodities, with much lower prices for eggs. This Increase In receipts J .has had one good effect In stopping East ern butter and eggs from coming Into the Northwest, for even the Sound country Is now supplied by Oregon and Washington producers. Potatoes are still very weak, and the business is on a much more re stricted scale than last year at this time. Poultry is doing well this week, and veal and pork are selling at the best figures of the season, with supply hardly equal to the demand The grocery markets are steady, at unchanged figures. WHEAT. The amount of wheat actual ly changing hands within the past week or 10 days has been of very small propor tions, and the most of the sales thaT have been made have been at prices In excess of the export value, based on existing freight rates. Walla Walla is generally quoted at 53 cents per bushel, but during the week at least a cent more has been paid for it, and even at that figure but little has been moved. Some of the ex porters who are pretty well loaded up with wheat refuse to get their limits above 54 cents, but very little wheat has been purchased at that figure, and as the greater part of the stock still unsold is in strong hands, but little of the cereal will be moved until prices adance, or perhaps go enough lower to frighten the holders. The seat-on has got around to a point where it is becoming apparent that the crop of 1S00 was overestimated. Exact figures are not yet available, but enough is known to warrant the belief that the crop of the three states, Oregon, Wash ington and Idaho, is not in excess of 35, 000,000 bushels, and it may possibly fall to 35 000 000 bushels, the original estimate made by The Oregonian last AugusL These figures, of course, leave some al leged authorities with 5,000,000 or G.000,000 bushels of wheat in their mind, but as it can De ' sloughed" off without disturbing the world's markets, no harm can result. In fact. It might be termed beneficial to the situation, as it leaves 50 or CO ships Iree to engage in other business. The "Invisible supply" of wheat which is lugged around under the hats of some au thorities from year to year would feed and seed a continent, if there was not so much "hot air" mixed with it that evaporation is hastened as the season draws to a close. Freights are holding . their own fairly well, and have thus far resisted all efforts to hammer them down below 40 shillings. Two vessels arriving within the past week missed 4D-shHHng charters by failure to arrhc before Febmary 1, but have since been taken up, one of them at 40 shillings and the other at 41s 3d. A ship with a greater carrying capacity than both of these vessels combined has since been fixed in San Francisco at 3Ss 9d. These figures indicate a hardening market in California, and if their present fine crop prospects continue, the question of secur ing ships, will be a serious one before the new crop and the old are both moved. Very little new crop chartering is being done, but a ship for January, 1902, load ing is reported taken at 37s Cd, which is about the highest rate ever paid in this port for such a long shot. Later reports from the interior are to the effect that the growing crop is uninjured except on an occasional exposed point, and little or no reseeding will be needed unless more bad weather is encountered later In the season. WOOL AND MOHAIR.-The outlook for wool is not so pleasing as it might be. and most of tne dealers are proceeding with extreme caution and waiting for the mar ket to settle before entering the field. Mohair promises to open lower than at any time in the history of the industry in this state. Eastern advices report an utter lack of Inquiry, and state that the very moderate requirements have been met by extra fine Turkey mohair, which has been sold at remarkably low figures, while ordinary average fleece Is practical ly unsalable. The weakness is due to Ihc change in styles which has left mohair goods on the shelf. The wool situation in the East Is thus reviewed by the New York Journal of Commerce, under date of February 1G: The wool market Is In a very unsatis factory state, and prices are weak. From some of the seaboard markets reports of increased inquiry are received, but the transactions give evidence of very con servative ideas on the part of buyers. The situation of the woolen goods market makes buying as yet a good deal of a speculation, and although on certain lines the business which has been done would indicate pretty clearly the trend of de mand: ab a rule the season has not prog ressed far enough to form an estimate of what will be needed In the raw mate rial line. Dealers realize that it is of lit tle use to force wool upon unwilling cus tomers, and, as a rule, are holding their stock at substantially unchanged prices though there are Instances where it hat been necessary to move wool, and In such cares low prices have been made. With the exception of forced 6ales, the market Is substantially on the same basis as for the last few weeks. When a manufac turer is found who really wants the wool there is comparatively little trouble in se curing asking prices, when the stock is satisfactory, but where buyers are shop ping around the market to see what can be done, the deal usually fails of culmina tion. PORK AND PORK PRODUCTS.-Thc Hammond Packing Company reports the following regarding the Eastern markets: During the past week the supply of hogs has been quite liberal In Eastern packing centers: in fact, the largest weekly sup ply of the season. The market has been quite active on both packing and shipping account, and farmers have been willing to sill at ruling prices, which have been from 53 20fia 43 for lig.'it, and $5 255 50 fr heavy packing. Locally, the demand for hogs has been In excess of thp sunnlv. consequently the ma-rket has advanced from 50$75c per 100, and farmers are hold ing for higher prices. Provisions. Only a moderate trade has been transacted during the week, but the undertone of the market indicated more strength, and as the season ad vances higher prices on both cured meats and lard may be looked for. Lard. A fair business was reported in lard: prices a little unsettled. During the week prices advanced c. but the ad vance wrs again lost, although it closed 5 cents higher on the whole range, so that FINANCIAL NEWS should the supply of hogs fall off some what, a higher market would, doubtlets, follow, especially as the world's supply shows only half of that of one year ago. Dry-Salted Meats. Trade was a little slow In dry salted and smoked dry salted meats, but prices ruled firm. Both short clear sides and extra short clears were called for moderately. Heavy bellies were called for quite freely. Backs an butts in small request. Hams and Breakfast Bacon. Trade fair and feeling stronger, especially hams, for with hogs 75 cents higher than a year ago and hams from ?ic lower than at the same period last year, the situation Is somewhat extraordinary, and as hogs are not likely to go on a lower level, hams will naturally advance, so a higher mar ket would not be surprising. BUTTER. The receipts of butter are in creasing so rapidly that the market Is In clined to weakness. Best creamery 13 plentiful at 45 and 50 cents, although a few special brands are still held at high er prices. The output of the local cream eries has increased to such an extent that there Is but little demand for California butter, and receipts from that quarter have ceased. Dairy Is plentiful at 35 and 37 cents, with something choice occa sionally selling at 40 cents. Store In only nominal demand at 20 and 25 cents per roll. With a continuation of mild weath er and heavy receipts, still lower figures are expected. EGGS. Sales of eggs were made yester day as low as 13 cents, but the bulk of the offerings moved at 13 and 14 cents. Receipts for the first three days of the week were very heavy, and. while the distribution has Increased very material ly since the lower prices came Into effect, stocks were accumulating at 14 and 15 cents, and the figures quoted yesterday were made In an effort to cloan up. There Is but little outsde demand, even at these figures, but It is not thought that .the market will go much lower, as It would result In liberal quantities going Into cold storage. Thore are no Eastern eggs re maining in the market, and none will be needed for many months. POULTRY. The demand for poultry Is still excellent, and good prices are realized for all first-class stock. Best chickens sell at ti 50 and $5 per dozen, and thus far have cleaned up readily at these figures. Live turkeys are not doing so well this week, but dressed move fairly well at 10 and 11 cents. Ducks are wanted for the Chinese festivities, and sell well at quotations. Bank. Clearing. Exch&nces. Portland $313.G22 Tacoma 18(5,020 Spokane 140.340 Seattle 344,409 Balances. $83,207 2U.453 18.349 70,002 PORTLAND MARKETS. Grnln. Flour, Etc. Wheat Walla Walla, 5555c: Valley, nominal, bluestem. 57c per bushel. Flour Best grades. J2 80JT3 40 per bar rel: graham. $2 GO. Oats White, 44j45c per bushel; gray. 42043c. Barley Feed, $16010 50; brewing. 116 16 50 per ton. Millstuffs Bran, JIG per ton: middlings, $21 50; shorts. $18 50; chop. $16. Hay Timothy. $12012 50; clover. $7 9 50. Oregon wild hay. $67 per ton. Bntter. Ekk. Poultry, Etc. Butter Fancy creamery, Oregon. 43060c; do California, 40045c; store, 2O027HC per roll. Eggs Oregon ranch, 13014c per dozen. Poultry CiJickfln-5, mixed $3 50; uens, $4 5005 00, drecaed, 11012c per pound; ducks, $506; geese. $G07 per dozen: tur keys, live, 10011c; dressed, 12013c per pound. Cheese Full cream, twins. 13013&c; Young America. 13014c per pound. Vegetables, Krnlts, Etc. Vegetables Parsnips. S5c: turnips, 75c; carrots, 75c sack; onions, $2 2502 75; cab bage, $1 6501 75 per cental: potatoes. 400 10c per sack; sweet potatoes, $1 65 per 1O0 pounds; celery, SO0Wc per dozen; Cali fornia tomatoes. $2 50 per box. Fruit Lemons, choice. $2; fancy. $2 500 2 75; oranges. $1 7502 50 for navel; $L 500" 1 75 for seedlings, per box; pineapples. $4 04 50 per dozen; bananas, $2 5003 per bunch; Persian dates. esjtljjc per pound; apples, ioc0$l 25 per box. Dried fruit Apples, evaporated, 50Gc per pound; sun-dried, sacks or boxes. 304c; pears. S09c; prunes, Italian. 507c; sliver, extra choice. 507c: figs. California blacks. 5c; flg3, California white, 507c; plums, pltlcss, white. 70Sc per pound. Mcvt anil Provisions. Mutton GroES, best sheep, wethers, $4 75; ewes. $404 50; dressed, 6&0i7c per pound. Hogs Gross, choice heavy. $505 25; light, $4 7505; dressed. 607c per pound. Veal Large. 7g7fcc per pound, small, S&09&C per pound. Provisions Portland pack (Shield brand), hams, smoked, are quoted at 12Vic per pound; picnic hams, 9c per pound; breakfast. bacon, 14V4015H-C; bacon. 10& U&c; backs, lO&c; dry salted sides, 9JJ0 10c; dried beef, 15c; lard, five-pound palls, lie; 10-pound palls. 10hc; 50s, lOJic; tierces. 10c per pound; Eastern pack (Hammond's). Hams, large. 1214c; me dium. 12fe:c; small, 13c; picnic hams, 9Jc; shoulders. 9Vfcc; breakrast bacon, 13?i 15?ic; dry salted sides. 9&10Vic; bacon sides. lOVA011?i; backs. HUc; butts. 1014c; lard, pur eleaf, kettle-rendered. 5s. llc; 10s. He; dry-salted, bellies, lOVi011c; bacon bellies, mi12-3ic; dried beef. 1514c. Beef Gross, top steers, $4 5004 75; cows, $404 50; dressed beef, 70Sc per pound. Hops. Wools, Hides. Etc. Hops 12014c per pound: 185)9 crop, G07c. Wool Valley, 13014c: Eastern Oregon, S011c; mohair, 21023c per pound. Sheepskins Shearlings, 15020c: short wool. 25035c; medium-wool, 50050c; long wool, 6Oc0$l each. Tallow 4c; No. 2 and grease, 203c per pound. Hides Dry hides. No. L 16 pounds and upward, 14015c; dry kip. No. 1, 5 to 16 pounds. 15c per pound: dry calf. No. L under 5 pounds, 14015c: dry-salted, one third less than dry flint: salted hides. CULUSON&CO. Board of Trade and Slock Exchange Brokers GRAIN PROVISIONS STOCKS and COTTON nOUGIIT AND SOLD FOR CASH CARRIED OX MARGIXS OR 214-215 ' Chamber of Commerce Portland, Oregon sound steers. GO pounds and over, 7Sc; do. 50 to GO pounds. 7c; do, under 50 pounds and cows, 6c; kip. 10 to 30 pounds. 6(37c; do veal, 10 to 14 pounds. 7c; do calf, under 10 pounds. 7Sc; green (unsalted), lc per pound less; culls (bulls, stags, moth-eaten, badly cut. scored, hair-slipped, weather beaten or grubby), one-third less. Pelts Bearskins, each, as to size, $5315; cubs. each. $103; badger, each 25c; wild cat, 25075c; housecat, 5025c; fox, common gray, 4Oc0$l; do, red, $1 7503 50; do. cross, $203; lynx $204 50; mink. 4Oc01 75; mar ten, dark Northern, $5010: do. pale pine, $203; muskrat, S012c; skunk, 25060c; otter (land), $405; panther, with bead and claws perfect, $103; raccoon. 25030c; wolf, mountain, with head perfect, $3 5005; prairie wolf or coyote, G0S75c; wolverine. $2 506; beaver, per skin, large, $607; do, medium, per skin. $105; do, small, per skin, '$102; do kits, per skin, $103. Groceries, Nuts, Etc. Coffee Mocha. 23015c; Java, fancy. 263 32c; Java, good, 20024c; Java, ordinary, lS02Oc; Costa Rica, fancy, lS02Oc; Costa Rica, good, 160 ISc; Costa Rica, ordinary. 10012c per pound; Columbia, roast, $12 75; Arbuckle's, $11 75; Lion. $11 25 per case. Rice Island, 6c; Japan. 5c; New Or leans, 4V205"c; fancy head. $707 50 per sack. Sugar Cube, $6 45; crushed, $6 70; pow dered. $6 05; dry granulated, $5 So; extra C, $5 35; golden C. $3 23 nev. half barrels 4c more than barrels; maple. 1516c per pound. Salmon Columbia River, one-pound tails. $1 5002; two-pound tails. $2 2502 50; fancy one-pound fiats. $202 25; &-pound fancy flats. $1 101 30; Alaska tails. $1 4001 GO; two-pound tails. $1 900 225. Nuts Peanuts. G07c per pound for raw. 9c for roasted; cocoanuts. 90c per dozen; walnuts. 10011c per pound; pine nuts. 15c; hickory nuts. 7c; cbestnutsv 15c; Brazil, lie; filberts, 15c; fancy pecans- 12 14c; almonds. 15017"c per pound. Beans Small white, 64c; large white, 5c; bayou. 3 Vic: Lima. 6&c per pound. Grain bags Calcutta, $606 12 per 100 for spot. Coal oil Cases. 39"c per gallon: bar rels. 15Vsc; tanks, 13"4c. Stock salt 50s. $11 50 per 100: 100s. $11. SEW YORK STOCK! MARKET. Comlupr Protracted Holiday Cannes Wealtnoss and Lower Prices. NEW YORK, Feb. 20. The dread of the unknown was the depressing factor in the stock market today. Preparations were evidently being made for the In terim of three consecutive holidays by lightning speculative deals. The possibil ities of the three days' interval which were canvassed by the speculative public were by no means wholly on the side of depression, but whatever favorable devel opments seemed possible, have been so thoroughly discounted that the balance of chance Is considered clearly on the side of lower prices. The speculative world seems to have arrived at the conclusion that the completion of the details of the steel merger is not likely to be followed immediately by a campaign of manipula tion for higher prices In order to make a market for the new securities. It will be remembered that this was what hap pened two years ago when the newly fledged Industrials were first thrown up on the world. Indications seem to point clearly to a desire for a quiet stock mar ket conditions for the present on the part of tihe financial powers who are most largely concerned in the steel negotia tions as they have also been In the recent railroad consolidations. It is not hard to understand why, with colossal financial undertakings In em bryo, those concerned In them should de sire most of all quiet and stable condi tions both In the money and stock mar kets. The progress of negotiations Is necessarily involved In further complex ity by marked fluidity of market prices for stocks, and uncertain rates for money. This makes intelligible the evident de sire of the "financial powers to discourage further excited speculations at this time. Of course a violent break In prices would be equally at variance with their wishes. The certainty that powerful support would be accorded to' prevent a sudden and violent decline tends to repress bear activity. It is evident that every effort is being made to preserve the tranquillity of the money market by keeping avail able all possible resources and also by reassuring expressions of opinions as to the ability of the money market to meet future requirements. An effort was made during the after noon to turn the market against the shorts In the hope of driving them to cover, but the effort proved futile and the closing was weak with many stocks at the lowest. There was a significant break in the principal steel stocks at the last. Steel and Wire, Federal Steel and National Steel falling suddenly 2 to 2K- There was some show of strength In Steel and Wire preferred, but other wise the steel stocks were all weak, hoop preferred dropping 31. In the principal active railroad stocks there was at one time declines of 1 to 2 points. Meml3:rs of the Grangers, Southwestern and Pacific groups were notably affected. DcMware & Hudson was erratic but gen bllls, $1 S3VL to $4 S3SJ. Silver certificates, last night. General Electric was forced up at one time 12 points, but closed with a net gain of only V&. The level of activ ity in the market was lower than for many weeks past, the day's business fall ing to about the smallest for any full day since election. Bonds were reactionary in sympathy with stocks. Total sales, par value, $3,- 345.000. United States ref 2s advanced per cent on the last call. BONDS. U. S. 2s, ref. rcg.l054JGen. Electric 53...167 do coupon 1054 N- Y. Cent, lsts.,107 do 3s, res 110 Northern Pac. 3s.. 70& do coupon 110? J do 4s 105ft do new 4s, reg. .1374 Oregon Nav. lata. .109 do coupon 137?j do 4s 104 do old 4s. reg...ll3jOregon S. L. Gs.. .12754 do coupon 113! do con. 5s llO'i do Bs. res 110-' P.lo Gr. "West. Ists 08 do coupon HOVSt. Paul consols.. .184 DlsL Col. 3-G5S...123 (St. P. C. &. P. IstsllhV; Atchison adj. 4s.. t3 do 5s 120 C. & N.W. con. 7sl40 Union Tarinc 4s. ..100 do S. F. deb. 5s.l24 JWU. Cent. Ists.... 88V, D. & R. G. 4s.... 102 I West Shor 4s 115W STOCKS. The total sales of stocks today were 769,000 shares. Tbe closing quotations were: Atchison 54HWabash 10 do pref 87fe do pref 'JSK Bait. & Ohio 90 1 Wheel. & L. E... 13 do pref 80 j do 2d pref 30& Can. Paclnc S34jWls. Central 18 Can. Southern ... 50V-IP. C. C. Jt St. L.. 58 Ches. & Ohio 30tThlrd Avenue ....120 Chi. Gr. Western. lblNatlonal Tube .... 01 C., B. & Q 1431 do pref 104 Chi.. Ind. & L.... 2UVI EXPRESS CO.'S. do pref C7UtAdams 150 Chi. ii East. I11...100Amerlcan lbO Chicago & N. V..171i United States .... 50 C. R. L & Pac..l22ViVell.-FarKt 127 C. C. a & SU L. 7u'.5l MISCELLANEOUS. Colo. Southern .. S'ilAmer. Cotton Oil.. 28U do 1st pref 44WI do pref 80 do 2d pref I8V1 Amer. Malting ... 4 Del. & Hudson.... 1041 do pref 24 Del.. Lack. & W..194 Amer. Smelt. & R. M Denver & Rio Gr. 37& do pref iMVi do pref 87 JAmcr. Spirits .... 2 Erie - 27H. do pref 17 do 1st pref 03 JAmer. Steel Hoop. 27VS Gr. North, pref.. 180 1 do pref 70 Hocking Coal .... 15 Amer. Steel & W. 47Vi Hocking Valley .. 47V do pref 05b Illinois Central ..131i'Amer. Tin Plate... 02 Iowa Central .... 27 do prof Otiy. do pref 54Amer. Tobacco ...115 Lake Erie & W... 41 1 do pref 142 do pref HO (Anaconda M. Co.. 43 Lake Shore 210i Brooklyn R. T 75 Louis. & Nash... OOIColo. Fuel & Iron. 43 Manhattan El ...HUbjCont. Tobacco 43U Met. St. Ry lC2'4i do pref 05& ilex, central .... iov?jeaerai steel 4UVt Minn. & St. Louis 731 do pref 83Vs do pref io Missouri Pacific .. S5i Mobile & Ohio.... S4 M.. K. & T 1S do nref ........ 57 Q en. Electric Glucose Sugar do pref Int. Paner . . ..ZIO .. 45?i .. 02 22tf do pref 71 New Jersey Cent. 15:51 La Cledo Gas 73 New York Cent...l43,lNat!onal Biscuit Norfolk & West.. 40 j do pref do pref S4tJNat!onal Lead .. Northern Pacific. 81! do pref do pref S0 National Steel .. Ontario & West.. 31&I do pref 38 004 1C? &a 42Vi 03 O. R. & N 42 N. T. Air Brake.. 150 do pref 70 I North American .. 22U Pennsylvania ....nBiracuic uoast o ivciUiiiiK ......... y'liX do 1st pref SS do 2d pref G3 no im prci. ..... iut do 2d pref 40-)g Paclnc Mall 41 People's Gas 03& Pressed Steel Car. 30A Rio Gr. western. i do nref 03 St. Louis & S. F.. S-11 do nref iCi do 1st pref S2 Pullman Pal. Car.lOG do 2d pref.. wt Stand. Rope &. T.. 4 St. Louis S. W.... 24; Sugar 135,, do pref 54UI do pref 120Va St. Paul 147iTenn. Coal & Iron. 554 do pref l8tt;U. S. Leather 12 St. Paul & 0 125 I do pref 74V Southern Pacini.. 43;it7. S. Rubber IS So. Railway 21l do pref 60 do pref 73l! Western Union ... 8CVi Texas & Pacific... 27tf Republic Iron & S. 14h Union Pacific .... 025 do pref 63 do pref 88 I Foreign. Financial Nevrs. NEW YORK, Feb. 20. The Commercial Advertiser's London financial cablegram says: Business was much restricted on the Stock Exchange here tpday, and the tone was undoclded. The only exceptions were Investment shares, which were In good demand on the confident expectation that the bank rate would be reduced. Amer icans were the weakest In the market. There was very little speculative interest either way, but business from the start was dull. Prices sagged until Wall street opened. On sales from New xork real izing began here among tired holders. Some operators In London had a report today that J. P. Morgan Is about to go off on a yachting cruise, and they inter preted it as meaning that he Is unload ing, or has finished unloading, and that the boom Is over. Money wa3 tight, de spite the expected lowering of the bank rate. Sliver enjoyed a spurt on buying for the Indian government. Money, Exchange, Etc. SAN FP VCISCO, Feb. 20. Sterling on London. GO days, $4 S54: sterling on Lon don, sight, $4 S9i. Mexican dollars, 504 051c. Drafts, sight, 17c; drafts, tele graph, 22V2C NEW YORK, Feb. 20. Money on call. 1 a2 per cent; prime mercantile paper, 3l 04& per cent; sterling exchange, heavy, with actual business In bunkers' bills at $4 8704 SI demand, and at $4 S460 days. Posted rates, $4 8504 SSA. Commercial bills, $4 S3 to $4 S3&. Sliver certificates, GlCiS1,. Mexican dollars, 4S. Govern ment bonds, firmer; state bonds, Inact ive; railroad bonds, weak. LONDON. Feb. 20. Consols, money, 3V&04 per cent. 97 13-16; Stocks In London. LONDON, Feb. 20. Atchison, 57c; Ca nadian Pacific. 924; Union Pacific pre ferred, S9?c: Northern Pacific preferred, SSVic; Grand Trunk, 6c; AnacQnda,. 9c. , . t THE GRAIN MARKETS. Prices for Cereals In Enropenn and American Porta. . , SAN FRANCISCO. Feb. 20.' Wheat Steady; barley, quiet; oats, steady. Spot quotations were: Wheat Shipping, No. 1, S3c; choice, 93c; milling. 9Sic$l 02. Barley Feed, 7072&c; brewing, 77 S2Hc. Oats Black, for seed, $1 22&S1 32A; red, $1 25fil 45. Call-board sales: Wheat Steady; May, 09c; December, $1 04&; cash, 95c Barley No sales. Corn Large yellow, $1 151 17&. Chicago Grain anil Prodnce. CHICAGO, Feb. 20. Indifference of the Liverpool market gave rise to expec tations of lower prices for wheat here, but the tap of the gong found offerings valued somewhat higher than they were at the close yesterday. May opened un changed to "4c higher at 75&c. The first batch of buying orders being satisfied, the market became quiet but firm on moder ate Northwest receipts, and the fact that large areas of the Winter wheat belt are without snow protection. Buying by lead ing operators and soaboard advices of a better export situation caused a sharp bulge to 7C5c A profit-taking movement greeted the advance, but the close was strong, May s1" ' over yesterday, at 764c Corn relinquished the leadership' on 'Change after the first hour's trading, having- held- it undisputed for a week. The close was 48bC higher, at 40c. Oats were fairly active with a narrow range. May closed c higher, at 25c. The undertone of the provision market was strong, although business generally was quiet. Hog receipts were less than had been expected. a,nd this, combined with a good cash demand and the strength of the grain markets, resulted in an ad vance which was held. May pork closed 10gl2c higher lard 7"&ffl0c up, and ribs 5c Improved. The leading futures ranged as follows: WHEAT. Openlnt;. Highest. Lowext, Close. February March . May ... ..$0 73U, $0 74i $0 TA'A $0 74K .. 74y4 74 .. 75 7tfs CORN. 414 74 V4 70& 75& February March . . May .... 3S& 40& 24 25 13 82t-i 14 12Vj 7 50 755 700 . 30 20V4 . 4u?s 40? OATS. '.' 25 "255i MESS POKK. 30 40?s February May February May .... March . . May .... July .... .14 10 14 15 LARD. '. 7 52J5 Tss" . 7 55 TO) SHORT RIBS. 14 07& 7 47H 7 52H, February May . . . 7 05 710 7 22& 7 10 7 10 7 07V4 September 0 7 22tf 7 20 Cash quotations were as follows: Flour Dull. Wheat No. 3 Spring, 6572c; No. 2 red, 75S76c. ' Corn No. 2, 39tfc; No. 2 yellow, 39&c Oats No. 2, 25i26c; No. 2 white, 27&C; No. 3 white. 27iJS2Sc. Rye No. 2, 52c. Barley Fair to choice malting, 565590. Flaxseed No. 1, $1 00; No. 1 Northwest ern, $1 61. Timothy seed Prime, $4 35. Pork Mess, per barrel, $13 9514. Lard Per 100 pounds, $7 457 47. Short rib. Sides (loose), $707 20. Shoulders Dry salted (boxed). 6&fJ6c. Short clear sides (Boxed), $7 45Q7 65. Sugars Cut loaf, $6 29; granulated, $5 72; confectioners' "A," $0 59; off "A," $5 44. Clover Contract grade, $11. On the Produce Exchange today the butter market was active. Creameries, 14Q22c; dairies, lOglSc. Cheese Active, 10V4c Eggs Active; fresh, 16c. Receipts. Shlpm'ts. Flour, barrels 75,000 40,000 Wheat, bushels 83.000 84.000 Corn. buhels 508,000 110.000 Oats, bushels 528.000 2&0.000 Ryo. bushels 7.000 7.000 Barley, bushels 58,000 31,000 Xevr York Grain anil Prodnce. NEW YORK, Feb. 20. Flour Receipts, 14,277 barrels; exports, 42,603 barrels; mar ket, active and Bteadier. Wheat Receipts, 33.000 bushels; exports, 48,000 bushels; spot firm; No. 2 red, 81c f. o. b. afloat. Opflons opened 7914c ele vator. Options opened steady, and In face of very cold weather West were Inclined to yield at first, but on reports of Hessian fly In Nebraska and sympathy with corn and covering, closed firm at Vic net ad vance. March closed 79!c; May, 0&c; July. 79c. Wool Quiet. Hops Quiet. Cb.Ica.KO Grain Goip. F. G. Logan, of Chicago, wires R. W. McKInnon as follows: "Liverpool wheat was d higher. Pri mary receipts were 452,000 bushels, against 529,000 same date last year. Shipments, 22S.000. against S9.000 bushels same date last year. St. Louis reported an excellent milling demand there from the East. Lo cally, the tone continues strong. This is duo almost wholly to the fact that the long wheat is not pressing on the market. It is, apparently, not for sale at the price. Outfilde trade Is small, and, comparative ly, outside holdings are light. These facts, with other local conditions, seem to Indi cate the existence of large concentrated holdings In some quarters. Export de mand so far today has been very small. Estimated cars for tomorrow, 45." European Grain Market. LONDON, Feb. 20. Wheat Cargoes on Downing, Hopkins & Co. WHEAT AND STOCK BROKERS Room 4, Ground Floor DOTH TELEPHONES passage, quiet and steady; cargoes No. 1 standard California, 23s 3d; cargoes Walla Walla, 2Ss 6d. English country markets; quiet. ' LIVERPOOL, Feb. 20. Wheat Quiet; wheat and flour In Paris, quiet; weather in England, fine, but cold. Wheat-Spot, dull; No. ,2 red Western Winter, 6s 2d; No. 1 Northern Spring, 6s 2Vd; No. 2 red Western Winter, 5s lld. Futures Steady; March, 5s 103id; May, 5s lld. Corn Spflt, quiet; American mixed, new, 3s 10?id; do old. 3s ll&d. Futures Quiet; February, 3s 9&d; March, 3s 9d; May, 3s 9d. SAX FRAXCISCO MARKETS. SAN FRANCISCO, Feb. 20. Wool Spring Nevada, ll13c; Eastern Oregon. 1013c; Valley Oregon, 14Q15c Fall mountain lambs, 9gl0c; San Joaquin Plains, 6Q7c; Humboldt and Medoclno, lOSllc Hops, crop of 1900-, 1520f. Bran $1516 per ton; middlings. $17 50 (520 50. Hay Wheat, $913 50; wheat and oats, $9012 50; best barley. $7g9 50; alfalfa, $7 10; compressed wheat. $9013 per ton; straw. 3547i2C per bale. Potatoes River Burbanks, 255165c; Sa linas Buitianks, 75c$l 15; Oregon Bur banks, 65g$l 05; Early Rose, 375c; sweets. fi0ft$l. Onions $2 7&6'3 25 per cental. Vegetables Green poas. 5tf7c; string beans. lOfflSc per pound; asparagus, 25W 25c. Citrus fruit Mexican limes, $C SOftT; common California lemons. 50c; choice. $2 25; navel oranges, 75c6?2 23 per box; pineapples, $2 503 per dozen. Bananas 30c$l$l i nor bunchy Poultry Turkeys, gobblers, 1213c; do hens; 1314c per'pbund; old roosters,,$3 50 r4 per dozen; young roosters.. $4,5y&5; fry ers,"45; hens. $3 508'4 50 per down; small broilers $303 50; large do... $4&4 50; old ducks. $4g5: geese. $1 752 per pair. ""Green fruit Apples, choice. $1 23 per box; common. 30c per box. Butter Fancy creamery, 20c; seconds, 17c; fancy dairy, ISc; do seconds, 14c. Cheese California, full cream, llc; Young America. 12c: Eastern. 1516-. Eggs Selected. 14c; ranch, 14c. Receipts Flour, quarter sacks. 31S0; wheat, centals, 1770; barley, centals. 5337; beans, sacks, 720: potatoes, 17,740; bran, 654; middlings, sacks, 632. EASTERN' LIVESTOCK. CHICAGO. Feb. 20. Cattle Receipts. 11 500. Including 500 Texans. Good to choice steers. 10 to 15c higher; common, steady; butchers' stock steady; Texans, slow; good to prime steers, $4 SO1J6; poor to -dl-um,'$3 504 0; stockers and feeders, slow, $2 754 50; cows. $2 504 13; heifers. $2 503 4 35; canners. $1 52 50; bulls, slow. $2 50? 1 25; calves, steady to strong. $4i?6 35; Texas fed steers $4i?5; do grass steers, $3 303 SO: do bulls. $2 583 50. Hogs Receipts today 30 000; tomorrow, 35.0:0: left over. 3C00. Active. 5c to 10c higher: $. 50; mixed and butchers. $5 256 47f: good to choice heavy. $5 501 5 50; rough heavy, $5 25-S5 30; light, 5 25g 5 45. Sheep Receipts. 12.000. Sheep. jn ''-tier; fancy wethers, up to $5: lambs, strong to 5c higher: yearlings, up to $3; good to choice wethers. $404 CO; fair to choice mixed, $3 60lj4 10: Western sheep, $4-514 6'); Texas sheep, $2 503 Co: native lambs. $4 "1 5 25; Western Iambs, $5o 25. KANSAS CITY, Feb. 20. Cattle Re ceipts, 7000; market, strong to 10c higher. Texas steers, $3 704 70; Texas cows, $2 55 q3 50: native steers, $4 50575 50: native cows and heifers, $2 50tI4 45: stockers and feeders. $3 514 S3; bulls, $3 004 25. Hogs Receipts, 17,000; market, 5c high er; bulk of f-nles, $5 2&J75 33; heavy, $5 ZO6 5 40; packers, $." 23fi5 35; mixed. $5 20U5 33; I'.ghts. $3 105 30; Yorkers, $5 KNga 23; pigs, $4 505 03. Sheep Receipts, 2000; market, active to strong; lambs, $4 S0g5 20; muttons, $3 50S1 4 40. OMAHA, Feb. 20. Cattle Receipts, 1SC0; market strong to 10c higher; native beef steers, $45 30; Western steers. $3 704 63; Texas steers, $3413 S5; cows and heifers. $34f4 10; canners. $2g2 S5; stockers and feeders, $3 25i4 CO; calves, $47 25; bulls and stags, $2 5004. Hogs Receipts, 7300; market 5rl0c high er; heavy, $3 204J5 35; mixed, $3 30?r5 32; light. $5 25go 32; bulk of sales. $3 3005 32. Sheep Receipts, 9200; market slow but steady; fair to choice yearlings, $4 405? 4 75; fair to choice wethers. $44 50; com mon and choice sheep, $3 7563 5; lambs, $4 505. The Metal Markets. NEW YORK. Feb. 20. Tin in the local market for metals started In a somewhat depressed condition, as the result of un favorable information from London, where prices went off about 5s to 121) 12s 6d for spot. Later, however, a reaction set In, and prices recovered the early Iosi on a good general demund. Sales were made at $26 90 and $26 95 for spot delivery, clos ing at $26 90 bid and $27 asked. Future de liveries were weak and lower, March at $26 35S26 75, and May at $2626 20; trad ing In these positions being falr'y ac tive. On the other hand, however, the general list remains In a listless condi tion. Copper In London declined 5s o '1 2s 6d, but locally a dull and featureless market prevnlled, with prices nominally quoted at the close $17 for Lake Superior, and -$16 62 for casting and electrolytic. Lead ruled dull at $4 37 despite a fur ther loss at London, the close being weak, at 14 15s. Spelter was also quiet, though buyers and sellers were nearer together than, for some time past, closing prices being $3 97 04 02U. Iron continues dull, with an easy under tone prevalent, with no material change in prices. At Glasgow the close was at 51s 7d, and at MIddlesboro 46s 4&d. Bar silver, 61c. SAN FRANCISCO, Feb. 20. Bar silver, 61?ic. LONDON, Feb. 20. Bar sliver, 2S?fcd. Boston Wool Mnrlcet. BOSTON, Feb. 20. The American Wool &. Cotton Reporter tomorrow will say: The wool market has rather increased In activity the past week, and a large amount of stock has been moved. We figure the sales at over 6,000,000 pounds. Including which were some good-sized lines of territories, scoured and medium, fleeces. There has been considerable pres sure to sell, and as a result, consumers have In most cases been able to secure wools at pretty low prices, especially ter ritory wools, which are now selling very close to the level of values prevailing at the time when the boom In 1S99 was started. The wool sales for the week In Boston amounted to 5,303,200 pounds domestic, and 9C5.000 pounds foreign, making a total of 6,370,200 pounds. Coffee and Sugar. NEW YORK, Feb. 20. Coffee options closed steady, with prices 10 to 15 points higher. Sales, 25,500 bags, including March, $6; May. $6 05; July, $6; September. $6 20; Spot Rio, firmer; No. 7 invoice, 7c; mild, quiet: Cordova. S12c. Sugar, raw, steady; refined, quiet. Rcxtlcan Cotton Mnrlcet. NEW YORK. Feb. 20. Today's cotton market was a restless, erratic affair, with Chamber of Commerce the bears In control at the opening, and at the close, while friends of the staple were In possession throughout the time intervening. MONEY IN HAY. . An Exhibit of Result of Intelligent nud Patient Industry. PORTLAND. Or., Feb. 20. (To the Edi tor.) Mrs. J. M. Wilkinson, who lives with her husband on a farm In Benton County, near Corvallls, was stopping with a relative In Portland this week and in a casual conversation about their hay crop of 1900, made some statements that it seems are worth giving to the public. She and her husband own 26a acres of beaver dam hay land. A part of It has been In timothy seven years, and last year's was the seventh crop taken. The common impression Is that timothy will not do well continuously, for that length of time, but their crop last year was one of the best they have ever realized. They put over ICO tons Into one stack which they sold to a Government contractor here at Portland for nearly $1000, and a con siderable quantity was consumed on the farm. The yield .was over four tons to the acre, and they got $9 per ton for what they sold to the contractor. The hay was put Into so large a stack by a home-made Invention. Two large fir trees stood near the edge of the meadow, and a hundred feet apart. Between these trees, at an elevation of 50 feet, was stretched a wire rope, and suspended rrom tnis wire were ropes and pulleys by which the hay was carried to the top. I do not be lieve there was another $1000 haystack put up in the United States last year. Mrs. Wilkinson Is1 one of the best butter makers in the state, and has furnished one of the hotels in Corvallls with a most toothsqme; article In that line for 19 'years -without a 'break.' While' the world Is praising crowned heads and people .of renown, let us not forget those 'who by patient Industry, by faithfulness and skill, have added so much by example and worth to the sum total of human happiness and well-being. L. Yi M. BUSINESS ITEMS. If On by Is Cnttlns Tcetb. He sure and use that old and well-tried remedy, Mrs. Wlnslow's Suothin? Syrup, for children teething. It soothes the child, yottens the gums, ailays all pain, cures wind colic and diarrhoea. e It's a mistake to go on losing appetite and strength. Hood's Sarparllla cor rects it. MEMBERS OF CHICAGO BOARD OF TRADE 8 and 9 Chamber of Commzrct Wc are connected, through the firm of F. G. Logan, Chicago, with the following New York houses, who arc members of the New York Stock Exchange: Ladenburg. Thalman & Co. Walker Brothers Dick Brothers J. S. Bache & Co. "Write for our daily market let ters." i -C0' TRAVELERS' GUIDE. A Light e IT" n tvery There Isn't a finer train on earth than the Burlington's Limited be tween St. Paul and Chicago. It has all sorts of conveniences and comforts electric lights in every berth, steam heat, a library car, compartment sleepers every thing that any other train has, and some things no other train has. Best of all, no extra fares are charged. TICKET OFFICE t Cor. Third and Stark Sts. R. W. Foster, Ticket Agont. Pacific Coast Steamship Co POR ALASKA. The Company's steamships COTTAUt: CITY. SENATOR and AL.-KI leave TACOMA 11 A. M.. SEATTLE 0 P. M.. Feb. 4, 0. 14. ID, 1M. Alurch 1. 0. II. 111. 21. 20. 31. Apr. 5. Steamers leave every Attn day thereafter. For further In formation obtain Company's folder. The Company reserves the right to change steamers, tailing dates and hours of sailing without preious notice. AGENTS N. POSTON. 24ft Washlnston st.. Portland. Or. F. W CARLETON. N. P. R. R. Dock. Tacoma: Ticket Offlce. 018 First ave., Seattle. M. TALBOT. Comm'l Agt., C.W. MIL LER. Asst. Gen'l Agt. Ocean Dock. Seattle; GOODALL. PERKINS &. CO.. Gen'l Agents. Ean Francisco. WASHINGTON & ALASKA STEAMSHIP CO The fast mail steamship "VICTORIAN."' sailing from Seattle every 10 days for Skag way. calling at Port Townsend. Ketchikan and Juneau. Steamer "RUTH" will sail on Feb. 20 at 8 P. M. from Seattle, for Valde. Alaska, via Intermediate points between Ketchikan, Juneau and Cross Sound. For further particulars apply to DODWELL & CO.. Ltd.. 252 Oak St. Telephone Main 00. R. W.' rVkKinnon TRAVELERS' GUIDE. fiBt OREGON'' Saoip"LiNE AND Union .Depot, Sixth and J Street. THREE TRAINS DAILY FOR ALL POINTS EAST "CIIICACO-POIITLAND SPECUL." Leaves for the East, via Huntington, at 0:00 A. M.; arrles at 4. JO P. M. SPOKAXE FLYER. For Spokane. Eastern Washington, and Great Northern points, leaves at t! P. iL; arrives at 7 A. M. ATLANTIC EXPRESS. Leaves for the East, via Huntington, at 0:00 P. M.; arrUes at 8:40 A. M. THROUGH PULLMAN AND TOURIST SLEEPERS. OCEAN AND RIVEIt SCHEDULE. Water lines schedule subject to change with out notice. OCEAN DIVISION From Portland, leave Alnsworth Dock at S P. M.. sail every S days: Columbia, tun.. Jan. 27, Wed.. Feb. 0; SaL. Feb. ltf Tues.. Feb. 2l. Frl.. March 8. Geo. W. EIdjr. Frl.. Feb. 1, Mon.. Feb. 11; Thurs.. Feb. 21; Sun.. Mar. 3; Wed.. March VJ. From Sar Francisco Sail every 5 days. Leave Spear-street Pier 24 at 11 A. M.: Co lumbia. Sat.. Feb. 2. Tues.. Feb. 12; Frl.. Feb. 22; Mon.. Mar. 4. Thurs.. Mar. 14. Geo. W. Elder. Thuis.. Feb. 7. Sun.. Feb. 17; Wed.. Feb. 27; Sat.. Mar. 9. Tues.. Mar. 10. COL.UMHIA RIVER DIVISION. PORTLAND AND ASTORIA. Steamer Hassalo leaves Portland dally, ex cept Sunday, at b:0u P. M. ; on Saturday at 10.00 P. M. Returning. Ieavc3 Astoria dally, except Sunday, at 7.00 A. M. WILLAMETTE RjIVEIl DIVISION. PORTLAND AND SALEM. OR. Steamer Ruth, for Salem. Independence and way points, leaves from Ash-street Dock at U A M. on Mondays. Wednesdays and Fridays. Returning. leaves Independence at 5 A. M.. and Salem at G A. M.. on Tuesdays, Thursdays and Saturdays. COItVALLIS AND ALBANY. Steamer Modoc leaves Portland at C A. M. on Tuesday. Thursdays and Saturdays. Re turning, leaves Corvalll.i at 0 A. M. on Mon days. Wednesdays and Fridays. YAMHILL RIVER ROUTE. PORTLAND AND DAYTON. OR. Steamer Elmore. lor Oregon City. Buttevllle. Champoeg. Dayton and way landings, leave Portland Tuesdays. Thursdays and Saturdays at 7 A. M. Leaves Dayton for Portland and way points Mondays. Wednesdays and Fridays at 0 A. M. SNAKE RIVER ROUTE. RIPARIA. WASH.. AND LEWISTON. IDAHO Steamtn. leave Rlparla at 3:40 A. M. daily, arriving at Lewlston about 3 P. M. Returning, leave Lewlston at 8.30 A. M.. arriving at Rl parla same evening. A. L. CRAIG. General Passenger Agent. PORTLAND & ASIATIC STEAMSHIP CO. For Yokohama and Ilonff Kons. calling at Kobe, Nagasaki and Shanghai, taking freight via connecting steamers for Manila. Fort Ar thur and Vladlvostock. For rates and full information call on or dress ofHciils or agents of O. R. & N. Co. lAuI via SOUTH Depot Fifth and I Streets. Ax-rlvo OVERLAND EX PRESS TRAIN'S, for Salem. Rose bure. Ashland, Sao r a m e n to, Ogden. San Francisco. Mo lave, Los Angeles, El Paso, New Or leans and the East. At Wood burn (dally except Sun day), morning train connects with train for ML Angel. 311 v e r t o n, Drovrnj vllle. SprlngU eld. and Natron, and evening train for Mt. Angel and fill verton. Albany passenger Corvallls passenger Sheridan pass'gr .. 8:30 P. M. 7:43 A. M. 8:30 A. M. 7;20 P. M. 4:00 P. M 117:30 A. M 4:BOP.'lL 10:10 A 13 3:50 P. M. 8:2S A. M Dally. 1 Dally except Sunday. Bebatn tickets on ale between Portland, Sac ramento and San Francisco. Net rates 9 17 first class and $11 second class. Including sleeper. Rates and tickets to Eastern points and Eu rope Also IAPAN. CHINA HONOLULU and AUSTRALIA. Can bo obtained from J. B, K1RKLAND. Ticket Agent. 140 Third atraet. TAMHILL DIVISION. Passenger Depot, foot of Jefferson street. Leavi for Oswego dUly at 7:2o. 9t40 A. M.; 12-30 1:KJ, 3:25, 4.40, 0.23, 8:3u. 11:30 P. iL; and l:OU A- M. on Sunaays only. Arrive at Portland dally at U.35, 8:30, 10:50 A. M.; 1-35 3-10 4:30, C:13. 7.40, 10:00 P. M.; 12:4i A. M. dally, except Monday. 8US0 and loiOfi A, M- on Sundays only. Leave for Dallas dally, except Sunday, at B-0S P. M. Arrive At Portland at 0:30 A. M. 'Passenger train leaves Dallas for Air lie Mon days Wednesdays fnd Fridays at 2:45 P. M Returns Tuesdays. Thursdays and Saturdays. Except Sunday. R. KOEHLER. Manager. a H. MARKHAM. Gen. Frt. & Pass. Agt. Tickt Office, 122 Third St Phone 680 LEAVE. No. 4 0:00 P.M. The Flyer, dally to and from St. Paul. Minne apolis. Duluth. Chicago and all points East. ARRIVE NO. 3 7:00 A it Through Palace and Tourist Sleepers. Dlntnx and Buffet Smoklns-Llbrary Cars. JAPAN - AMERICAN LINE STEAMSHIP IDZUMI MARU For Japan. China and all Asiatic polnu will leava Seattla About March 4th Astoria & Columbia River Railroad Co. LEAVES UNION DEPOT. For Maygers, ltainler, Clatskanie, Westport. Clifton. Astoria. U'ar renton. Flavel. Ham mond. Fort Stevens. Gearhart Pk.. SeuMde. Astoria und Seashurr Express. Dally. Astoria Express. Daily. ARRIVEd UNION DEPOT. S:00 A. M. 11:10 A if. r:00 P. M. 0:40 P. M. Ticket offlce 253 Morrison st. and Union Depot. J. C. MAYO. Gen. Pass. Agt.. Astoria, or. WHITE COLLAR LINE STR. HERCULES takes the place of BAILEY GATZERT (Alder-street Dock). Leave.. Portland dally every morning at 7 o'clock, except Sunday. Returning, leaves As toria every night at 7 o'clock, except Sunday. Oregon phone Main 351. Columbia phone 351. Steamers Aftoraa and Pomona Dally (ex. Sunday) for Independence. Salem and all way landings. Leave Portland 0:45 A M.: leave Salem S A. M.; Independence, 7 A M. Odlco and dock, foot Taylor st. fg&U (pJ SUNSET -n O OCDEN SHASTA II Un routes In nREA?JGRTHRW