Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 11, 1901)
THE MOKNTNG OTCEGONTAN, THTmRDAT APRIL- 11, 1901. 11 ft il if BMMERB1AL AND V SrMjs: weather -Jsejegis to havja opened up'ifp$a. protjaiotedSsngagenient, anii'un- .. r, . . - ' . local trade. Country orders lor season able staples are heavy, but -with soaauch izrai-o t- which! lias been TrafHiil for better -weather, there is a more'mader iftg fUstribuuouf oSmercfiandlse tfian was reported a "week earlier. The. average, run of business, however, in all lines -will sh6w a. much greater volume. than. on a corresponding: date last year. "Wheatland wool, 'the two great staples, are weak and inactive, there being but lew, .gales of. either during therpast week. Thxlemand ior o4tsnd "barley continues good, and prices are still at the best of the season, xiere fs a Iittfe btislness doing in new crop contracting for hops, but the strength of the market is sufficient to re strict operations of this sort. Butter and eggs are weak, and tending lower. Poul try continues steady, and pork is very Arm. Veal is easier, WHEAT One million bushels of -wheat (flour included) have, been floated at this port in the, -first JO, days of. the, current months This is a volume of business sel dom reached, even in the height of the season, bu, unfortunately, does not cut -much of-a figure in making an active - -market at the present time, as all of it "was on old account. "Exporters have -been very wary about placing themselves at the mercy -of the-farmers this reason, and no matterhowthlck the ships base "bunched" on them, the -wheat lias been waiting. It is this fact, -which is causing the -present deadlock. Shipowners are not disposed to accept the lower level "of rates war xanted by the condition of the "world's wheat markets, and wheatgrowers will not sell on the basis of freights as they are now quoted. A few straggling '.sales of Walla Walla have been made during the -week, at prices ranging from 56 to 58 cents, the latter being an extreme figure, 'which -was not obtainable yesterday. -The ruling c.uotation for the past fcwodays lias been 57 cents. Bluestem is nominal .at a pr-emium ot-2 cents. The Eastern market has shown consid erable -weakness for several days, and this weakness- has struck a responsive chord in the European market, which fol lows an American, decline with the speed of the hare, but trails in after American 'strength with the gait of a tortdlse. Per f ect crop conditions practically sill over the 'world eeem to be the great factors which are making such a weak market. There is a small-sized flea in the bears" good crop ointment in the shape of immi nent drought in California and the. Hes sian fly in Texas and Oklahoma., Aside from this, the American crop" Js about as near perfection as it ever appears at this date. ,. ' t There is a large eteamer and a large sailer-on the spot free list at this port atrthe present time, and two large sailers on Puget Sound. In a period of activity, these four snips would have but little effect on the freight situation; but, com ing M.t a time when there is no wheat celling, they are hanging like a dead weight on the market. With no trans actions 'recently -for a guide, an accurate Quotation on freights is not easily, made, but for spot tonnage, a nominal quotation of 35 shiningsto 36s 3d would not be far outof thVway. There Is nothing doing vin distantT-shlps, exporters being practical ly unanimous in the belief that they are dangerous things to handle at the present time. 'WOOIr-Shearing has not yet become general east-of the mountains, and there is alsp ponderable yet to be done in the Willamette Valley. This accounts in & measure for the lack of interest in the situation locally, and the only receipts of new-clip wool which "have been received are small lots taken from mutton sheep and a few consignments from the Valley, where shearing is earlier than it is east of the Cascades. The Eastern markets show a little better tone, but there is no increase in prices, and dealers predict that an attempted advance would check the small amount of business that is now be ing handled. With such a small amount of business doing, quotations given else where are to a -certain extent homhiai. HOPS Only a -limited -amount of new--crop contracting Is, reported, an growers are asking higher figures. The old -crop is practically all.oufc of the way In this state, and thereare very few left on the Pacific Coast." Conditions up to ihe pres ent time are quite favorable for the .grow ing crop, and tbe;fields are said to aggre gate fully 1000 acres more than those- for Jast season. Tl-evlnes aremuch farther along than they were at this date last 2ear, an$ ar,Jn.,perfect. condition.- j; BUTTEH-iFIensf fiflch grass "hnd fine weather have' resulted in increasing .!he receipts of butter tpa point where a 'de cline is again imminent. .Sales are still made at 22 cents tor best creamery, but trtocks will not clean up at these figures, andjwhen the accumulation reaches a cer alnfj5sInt,,,the$e muste a drop.- Dairy fcsW,eak at IB-" to 16 cents, with something choice occasionally brlnging-a cent- more, ptore is. In good, supply, hut finds apoor market at 10 and 12 cents, the" fatter being an extreme figure. EGGS The market has shown consider able weakness since Easter, and yesterday plenty of stock was offering In single case lots at 13 cents. Receipts are heavy, andas the price is still a. little "too high or cod storage purposes, a decline will be needed in order to move' all that are accumulating. But few wfll go into cold storage at present prices, as they have been very low in the .East. Demand for shipment to outside points is light POULTRY The market foe chickens is perhaps a shade easier than it was- last week, bat the difference is so slight as to be hardly noticeable, and no difficulty Is experienced in securing $5 .per dozen for best stock. SpringsJare in good demand Jor large, well-cbnditloned birds, and these will command 5 per 'dozen, with email and poorly fed offerings going at ?2 50 and 3 per dozen. Ducks are temporarily scarce, and sales are made at $6 and $6 50 per dozen. Geese are In nominal de mand only, a, $7 and ?S -per dozen. Tur keys are not wanted In very large num bers, and it Tequlresfancy slock to' bring more than'.K and 15 cents dressed. f Jennie Cleartngrs. ,.,. Clearings. Balances. Portland ..i $358,555 S5L20S Tawma ... 161.764 lo82 geaitl? ,...-. L. 450.773 871258 Spokane . J., .... 133.810 ' 20554 PORTLAND MARKETS. GraaiVFlonx, Etc. Wheat Walla Walla, 5657; Valley, nopnirija; -bluestem. '59c per bushel. J ' Flour Best grades, $2 703 40: per bar rel'graham, 5260. Oats White. II 25 per cental; . gray, fl 20$1 22 -per .cental. FINANCIAL NEWS &" Barlefc-Feed, 516'5017; brewing. fl6 50 17 per -ton. " Millstuffs Bran. $16 per ton: middlings, W. 50i. shorts, $17 50; chop, $16 Hay Timothy, $1212 50 r clover. $79 50; Oregon wild hayv $67- per ton. Hops, Wool, Hides, Etc. ,Hops 1214c per pound. f "Wool Valley, 1314c;- Eastern Oregon, &l2c; mohair, 2021c per pound. 4 Sheepskins j Shearlings,, 1520c; ,'short- woo 2535c; medium-wool, 3050c;' long .wopl, 60cR each,. ., . . j J Tallow 3c; No. 2 and grease, 22c .per ..poQnd. , . s ' glides Dry -hides. No. 1, 16 nounds and ,flpVard 1415c; dry kip. No. ,.1, 5 to 16 pounds, 1415c per pound; dry calf, No. 1, -sound steers, 60 pounds and over, 7Sc; dor50 to 60 pounds. 77c do. Under 50 4 poinds; 6(g7c; kip. 10 sq 30 pounds. 6 W7q; ido veal, 10 to 14 pounds. 7c: do calf. ;Unjer 10 pounds. 72Sc; green (unsalted). mc per pouna less; cuus luuus sags. .niopi-eaten. badly cut. scored, hair sUpped, weather-beaten or grubby), one third less. r Pelts Bearskins, each, as to size, $50 20;" cubs. each. $25: badger, each. 1040c; Wildcat. 2575c; house cat, 520c; fox, -common gray, 3&Q50c: -do red. $1 502; 4o cross, $5-5; lynx. $23j3; mink. 50c?l 25; marten, dark. Northern. $612; do pale .pine. $1 50S2; muskrat. 510c; skunk. 25 35cf otter (land), -$57: panther, with head and. claws perfect, $25; raccoon. 3035c; wolf, mountain, with head perfect. $3 50ffigi '.5j 'prairie wolf or coyote. C075c; wolver ine. $4g7; heaver, per sKin, large, jot; do medium, per skin, $37; do small, per skin, $12: do ltlts, per skin, 5075c. Batter. Ecss, Fonltry, Etc. Butter Fancy creamery, 2022c; dairy, 1518c; store, 1012c per pound. "Eggs Oregon ranch, 1313c per dozen. Poultry Chickens mixed. $3 505; hens. $56; dressed, 11 g 12c per pound; Springs, $35 per dozen; ducks, $56 50; ;geese. 56&S per dozen; tumeys, live. lOJp 12c; dressed, 13loc per pound. - Cheese Full cream, twins. 1313c; Young .America, 1314c per pound. Vesetnbles, Fruits, Etc. -Vegetables Carrots. TotgSoc per pack; onions, $2 353 50; cabbage. $1 401 50 per cental; potatoes, 5060c per sack; sweer potatoes, $1 75 per 100 pounds: new po tatoes, 22?4c per pound; celery, 80&90 per dozen; 'California tomatoes, $1 502 per box. Fruit Lemons, choice, $2; fancy. $2 50 2 75: oranges. 51 75SE 50.for navel: $1 50S -,75' for seedlings, per box; pineapples. $44 50 per dozen; .bananas $2 253 per bunch; Persian dates, 6c per pound; ap ples, $12 50. Dried fruit Apples, evaporated 506c1 per-pounds.-sun-dried, sacks or boxes. 34c; pears, 8Sc; prunes. Italian. 57c; sliver, extra choice. f7c; Rgs. California blacks, 5c; flgs, California white. 57c; plums, pitless, white, 78c per pound. Heat and Provisions. LIutton-TLambs, 10llo per pound gross; best sheep, $8; wethers, $5j, ewes, $4 50 dressed, 77c per pound. y Hogs Gross, heavy, $5 756;'llght, $4 75 5; dressed, 7c per pound. Veal Small, S8c; large, 9c per pound. Provisions Portland pack (Shield Brand) hams; 13c picnic, 9c per pound; breakfast" bacon, 1516c per pound; ba con. 12c per; pound; backs. llc; dry salted sides, 11c; dried beef, setts, 15c; knuckles, 17c; lard, 5s, 12c; 10s, llc; 50s, llc; tierces, Hc; Eastern pack (Ham monds), hams,' large, 12&c; medium, 13c; small, 13c, picnic, 10c; shoulders, 10c, breakfast. bacoh,,14(g16cJl dry salted sides, 105412c; bacon 'sides, H13c; backs, 12c; butts, llc; lard, pure leaf, kettle rendered, 5s, 12c; 10s, 12c; dry salt bel lies, lli1294c; bacon bellies, 1214c; dried beef, 15c. Beef Gross, top steers, t$55 25; cows and heifers, $4 E04 5; dressed beef, 78c per pound. " . , JipeerieauNntsf Etc. Coffee Moeb,R232Sc;"JaVa, fancy, 26 32c; -Java, 'good, 2024c; Java, ordinary. 1820c; Costa Rica, fancy, 1820c; Costa Rica, good, I618c; Costa Rica, ordinary, 1012c per pound; 'Columbia roast, $12 75; Arbuckles, $12 25; Lion, $12 25 per case. Rice Island, 6c; Japan, 5c; New Orle ans, 4g5c; aney head, $77 50 per Back. Sugar Cube, $6 25; crushed, $6 50; pow dered, $5 85; dry granulated, $5 65; extra C. $5 25; golden C, $5 15 net, half barrels c more than barrels; sacks, 10c per 100 less than barrels: maple, 1516c per pound. Salmon Columbia River, one-pound tails, $1 502; two-pound tails. $2 25250; fancy one-pound flats, $22 25; -nound fancy flats, $1 101 30; Alaska tails, $1 1 25; two-pound tails, $1 902 25. Nuts Peanuts, 67c per pound for raw, 9c for roasted; cocoanuts, 90c per dozen; walnuts. 10llc per pound; plQ nuts, 15c; hickory nuts, 7o; chestnuts, 15p; Brazil, lie; filberts, 15c; fancy pecans, 12 14o; almonds, 1517c per pound. Beans Small white. F5ic; large white, 6c; bayou, 3c; Lima, 6c per pound. Grain bags Calcutta, $6 506 75 per 100 for snot Coal oil-Cases, 19c per gallon; bar rels, 15c; tanks, 13c. NEW TORK "STOCK 5IARKET. ' "' I i Speculation Much. Resembled Opera tions of Last Week. NEW YORK, -April 10. Speculation for the advance was renewed in force today, and the market resumed much the same appearance as itriiad- during the excited speculation of last week. London helped to this result by some rather emphatic advances in the international stocks be fore the opening aere, which were, per haps, incidental to, the fortnightly settle ment now in progress on the London stockexchange. The market opened higher in a fairly j buoyant condition, the congested buying causing running sales of several thousand share blocks in a number of stocks at the opening at advances of from 1 to 2 points. This materially higher level of prices at tracted some.arge selling to realize, and the tone became rather nervous for awhile, as shqwn In the wide and frequent fluctuations in come of the prominent stocks. , But the speculative leaders seemed to be again well supplied with re sources, and they supported the market With great confidence and manipulated prices wlth much success. The sudden CULLISON&CO. Board of Tratfcand -Stick' Exchange Brokers GRAIN PROVISIONS, STOCKS a COTTON -flOUGHT, AND SOLD FOR- CASH OH 'carried on margins 214-213 Chsmbcrof Commerce Portlanrfi Oreaan and violent advances were well calculated to facilitate the multitude of outside spec ulators who were very evidently waiting to.,come Into the market on any definite elgns- of a further advance. . Monday's reaction and the subsequent recovery evidently served to convince many persons that no lower prices were to be expected for the present, and that further advances might be reasonably looked for, It -was demonstrated, In fact, that the public is still willing and eager to buy stocks, notwithstanding the high level of prices, measured by the earning power, so long as prices continue to go up Large speculative pools, therefore, And It woth while to support prices and to advance, the market, even In face of heavy t offerings, owing to the large out side demand attracted by the advance In prices. The'app'efir&nce 'bf -new lenders in the money market, includlngsome of the epeculators." interested In the rise, has served again to defer the exhaustion ot money resources. ' tt ' - TheMoney Market. But the ra,te f Or call money ran up above Monday's high level, "to 7 per cent, be cause of,,-"sme large financial operations, inpludlng" another- payment -of $10,000,1)00 installment on subscriptions to -the Union Pacific collateral bond Issue. The slight ly firmer-ton'S' of sterling exchange this morning Indicated that" any relaxation in the 'rate would lift sterling back to the gold export point. . Money .was no higher in Xrondon today, but payment must be made tomorrow there of an $l,OOtf,000 installment on the exchequer bond Issue, and Frlday-tethe payday for the stock exchange settlement. Some renewed pressure for gold on New York Is. therefore, to be expected. Mean time the Subtreasury continues to absorb caeh, and New York exchange at Chicago today fell to. 50 'cents discount marking the continued demand of the. Interior on New York for money. The advance'ln the call loan rate helped p precipitate a live ly realizing movement during" the last hour, which cut into prices all around and made the .closing 'easy. t The Burlington deal, and thetalk of a combination of Interests' with the smelt ing Interests looking to control of the gold, slaver and copper product, was the leading Influence In the day's speculation so far as it was due to any specific In fluence at all. Burlington rose an extreme 64 to a new record, price, at 192, , and Northern Pacific came within a 'small fraction ol.nar. The whole srranirer crrouo i was affecled In sympathy, andt the idith- west prforred mad a notable advance of 15 points, while St Paul & Omaha rose. S pointsj. Amalgamated Copper gained 5 or very large dealings, and Anaconda 41. Te:3B &. Pacific was largely bought at an advance of 2, on talk of an exchange of souri Pacific. As an outgrowth of these movements, the grangers and Eries were all strong and active. Special features of strength were Con solidated Gas, which rose 7; Brooklyn Union Ga.3, 4; General Electric,' 6, with a reaction of 5; Tobacco, 3?i. ex dlv.; Pull- Lman, 3, and Chicago Terminal Transfer Kpreferred, 4.. Evansvllle & Terre Haute jumped 5 point, allowing for a 1 per cent dividend. The bond market was moderately active and higher. Total sales, par value, $3,755, 000. United Statesrefunding 2s advanced and he; old 4s, registered; and the new 4s, Y. per cent on therlast call. v BONDS U. S. 2s. ref. reg.lOOyjN. y. Cent. lBts107W do coupon IOG'j Northern Pac. 3s.. 72-i do 3s, reg 111 do coupon ..1 ...lllVs do 4b 100 Oregon' Nav. lsts.109 do 4s "...104 Oregon S L. 0s..128 do con. 5s 117 Rto Gr. W. lsts... 10134 ao new 4s, reg-..i3'J do coupon 139 do old 4s. reff....liaVt do coupon 113Hi do 08, reg llli do coupon 111 St Paul consols... 189 S. P. C. & P. lsts118 JJlst. Col 3-U03...ia4 Atchison adj. 4s,: 00 C.&N.AV. con.7s142 do S. F. deb. Ost-124 D. & B. G. 4S..VC101A4 do 5a 120 Union Pacific 4s. ..100 Wis. Cent. lsts.... 89ft West Shore 4s 115 Southern Pac. 4s.. 02 Gen. Electric 5sV..l85 T . Bid. V. L .STOCKS v The total sates of stocks today were 1906,300 shares. The closing quotations were: Atchison , 02 do pfd 95 Bait. & Ohio 92 do ptd 90 Can. Pacific 04 Can. Southern ... 63 Ches. & Ohio 40 Chi. Gr. Western. 23 Wabash pf d 39 Wheel. & L. E., 19 do 2d pfd 3GVi Wis. Central 10 P. C, C. & St. L . 65 Third Avenue 123 EXPRESS CO.'S. Adams 165 u , a. & (.... Chi., Ind. &. L, 191 American 197 .Hftiunueu scales .... b'J do pfd 74Wells-Pargo 140 Chi. & East. 111.. 117U, XUi&U.fc;L.ijANJSOUS. Amer. Cotton Oil.. 20 do pfd 85 Am Malting. 5 do pfd 20 Amer. Smelt. & R. 01 do pfd 98 Amej., .Spirits 2 do pfd e. .. 17 Amer. Steel Hoop. 47 dtf pfd 90 Amer, Steel & W. 49 aJ Pfd S-T..111U, Chicago & N. W..199! -.. . l. & 'ac...l47 -.. v , u. & at. jl, si. Colo Southern ... 12 do 1st pfd 47 do 2d pfd 21 Del. & Hudson.... 177 Del.. Lack. & W..217& Denver & Rio Gr. 40 do pfd 95 Erie 38 do lsrpfd 70-"i Gr. North pfd. ...202 Hocklnjr Coal .... 20 Amer. Tin Plate... 79 ao pra ..119 ..128 ..144 .. 50 iHoeklng Valley .. 5394 flllinols Central ..142V4 Amer. Tobacco do pfd J Iowa Central'.''.... 34 Anaconda M. Co.. do nfd": ..... 63V, UiUUJUJU "At J-... Colo. Fuel & Iron 82)i X.ake Erie & W... 02 do pfd 124 Lake Shore 210U Louis & Nash...',104 Manhattan "El .'.'.128 Met. St. Ry 107 Hex. Central .,... 22 Minn. &. St. Louis 80 dofd -....112 Missouri Pacific ..103 iMobile &. Ohio.... 81 id Cont, Tobacco 4U uo piu 1U3J4 Federal Steel 55U do pfd Gen Electric ... Glucose Sugar ., do pfd Int. Papery.-... do pfd La Ciede Gas... NaUah&l Risdult - do pfd National Lead .. do pfd ,..n,w National Steel1 .. do pfd ... ..104 ..229 .. 49 .. 90 27 .. 70 .. 85Vi .. 39 .. 90 10 ., 83 .. 59 M.,'TC, & T 28 1 ao'pfd ...-. G0 New "Jersey Cent. 150 .New York Cent... 161 Norfolk & West... 50 do pfd 80 H8 ..Northern Pacific 98 N. Y. Air Brake. .154 North AmerlcsaiV.-fiS Pacific Coast j. ... 5a do pfd 00 Ontario & West... 34 O R. & N 42 do pfd 70 Pennsylvania v. ..150 Reading l 35 do 1st pfd. ."..... 75 , do 2d pfd 51 do 1st pfd..:... .. 00 do 2d pfd .'..'. 63 Pacific Mail 30Vi People's Gas llivi Pressed Steel Car.. 40 ao pra &: Pullman-Pal. Can215 iuo ur. western, iy do nfd 100 Stand Robe & T. . 4V, St. Louis & S. F.. ll,Sugar ...t.,. 14ltf do 1st pfd 82) do pfd 121 do 2d pfd 04Tenn. Coal & Iron. 04 St. Louis S. W.... 37T1. S. Leather.. .r. 13 do pfd 00 do pfd 7Hi St. Paul 155 U. S. Rubber 21 I Jdo pfd.. 01 Western Union ... 02 Amal. Copper ...J.113 National Tube;.. 08 do pfd .l.v,fc...ll8 do pfd 189 St. Paul & O..J..140 Southern Pacific. 45 Southern Ry 28 do pfd 79 Texas & facmc Union Pacific . . do pfd Wabash ....... Exdildend, 42 Republic Iron & S. 20 02V4 do pfd 70 84iU. S Steel 48 10 do pfd 04 Money, Exchange, Etc. NEW YORK, Aprfl 10. Money op call, 47 per cent; prime mercantile paper, 3 4 per cent. 4 v Sterling exchange steadier, with actual business in' bankers' bills at $4 STJs for demand and at $4 84 for.60 days. Posted rates, i S5 and $4 89. Commercial bills, $4 83?i44. Silver certificates, 5859c.J - Mexican dollars, 48c. .- Governinent bonds strong, state bonds -weak, railroad bonds strong. , SAN FRANCISCO,.AprIl 10.-SterlIng on "London 60 days, ?4S5$i; sterling on Lon don, sight, J4 S9. . Mexican dollars, 5051c. Drafts Sight, 12c; telegraph, 15c. LONDON, "April 10. Consols, 95. Mon ey, 33 per cent. Foreign Financial News. NEW TOPJK, April 10. The Commer merclal Advertiser's London financial ca blegram says: The stock market was generally Irregu lar. Interest centered in the American shares, which were active and buoyant from start to finish. The local , impulse to buy was encouraged when New Tork responded to the highest level of prices we had set before the opening in "Wall street. The favorite American stocks were Atchisons, Missouri Pacific, Louisville and Kansas & Texas, in which the contango rates at the settlement of today were 55. The rate for St. Paul, Denver & Rio Grande. New York Central, Illinois Central, and for Northern Pacific was 3 per cent. Northern Pacific Is scarce on account of the deposit of stock to be ex- changed for certificates. Anacondas were 10 on Boston advices. Money was steady. Stocks at London. LONDON, April 10. Atchison, 66; Canadian Pacific 98; Union Pacific pre ferred, 87; Northern Pacific preferred, 97; Grand Trunk. "8; Anaconda, 10. ?otton at New York. NEW TORK, April 10. Cotton closed "quiet. 3 to 12 points higher. THE GRAIN MARKETS. Prices of Cereals at American and European Ports. SAN FRANCISCO, April 10. Wheat Oulet on call and easier In soot market. Barley Futures steady; spot, barley quiet. Oats Quiet but Arm. . Spot quotations were: Wheat Shipping, No. 1, fl; choice, $1; milling, $1 021 05. Barley Feed, 777Saic; brewing S0 82c. Oats Black, for seed, $1 151 25;fed, ?1 251 45. - Call board sales: Wheat No sales: cash, $1. Barley Steady; J&ay, 76c; December 72c. . Corn Large yellow, Jl517. Government "Wlient Report. WASHINGTON, April 10. The April re port of the statistician bf the Department of Agriculture will show, the average condition of Winter wheat on April X to have been 91.7, against 82.1 on April 1, 1900, 87.0 at the corresponding date in 1S99, and 82.9 the mean of the April av erages of, the last 10 years, , . , The averages in he principal states are as follows: Pennsylvania, 89j Ohio,, 33; Michigan, 72; Indiana, S9; Illinois, 92; Tex as, 63; Tennessee',- 81; ilissourl. 98; .Kan-; sas, 105; Nebraska, 100; California, 100. and Oklahoma,. 97, While the general average of condition, 1.7, is the highest since 1891, 4;he pres-' ence of the Hessian fly Is reported from an almost unprecedeniedly large number 02 states, and serious misgivings prevail; even In states reporting a falriyr high condition on April 1, as to the possible de velopments of the next 30 days. The average yield of Winter rye on April 1-was 93.1, against-84.4 on April 1, 1900; 84 9 at the corresponding date in 1899, and 88.3 the mean of the April averages of the last 10 years. In New York and Pennsylvania It was 91; in Illinois and Kansas. 100; in Indlana,"98, and In 'Michi gan and Ohio, 90. New York Grnln and Produce. NEW YORK, April 10. Flour Repeipts, 13,400 bbls; exports, 1400 bbls.; market, quiet but steady. , Wheat Receipts, 76,000 bushels; spot, firm; No. 2 red, 78c f. o. b. afloat, 76c elevator. Options opened steady and later acquired positive strength on small Northwest re ceipts and strength In -cash property. Closed steady, net advance; July closed 76c; September, 75c; May, 76tbC. Wool Quiet. Hops Steady. Chicago Grain and Provisions. CHICAGO, April 10. Although the be lief that the government report, due after trading hours, had been discounted by recent heavy bear selling, 'there was a disposition td remain neutral until its contents were made known. May wheat opened unchanged" to c Idwer, at 70c to 69?4c, under heavy selling caused by rain in the Southwest, where it is most need ed. This pressure did not last long, and In Its absence the market began a grad ual recovery, touching 70c in the fore noon. Driblets of long stuff came out, and the market reacted to 70c, where it again steadied, this time on reports of a good export demand. Shorts bid the market up to 70c, but an easier feeling followed, as. only moderate cash sales could be connpned. May declined to 70c and closed steady c higher,-at 74 74c. Realizing sales involving considerable scattered lines gave the corn market a heavy aspect at the opening. Support from the bull following bf Phillips checked the decline and caused slow reactions. The close was -steady, c lower, at 43 43&c. Oats 'were depressed. May closed c lower, at 24c. Provisions were easier at the opening, but a good cash demand later caused a recovery. May pork closed 7o higher; lard 2c up and ribs 7c better. The leading futures ranged as follows: WHEAT. Opening. Highest. Lowest. Cloalne May July .?0 601 ?0 70 $0 60 0 70 701 71 " IU CORN. Anrii May July May July 43 43 43 43 43 43 4 43 42 OATS. 24 25 24 25 245 24 MESS PORK. May 14 20 14 45 July ...,.....1425 14 55 14 20 14 25 14 37 14 47 LARD. May 8 15 8 22 815 8 20 July 8 05 81C 8 03 810 September ... 8 05 8 B 8 05 810 SHORT RIBST. May 820' 8 22 815 &VS July ... 7 87 8 00 .7 87 7 95 September ... 7 87 7 97 7 85 7 00 Cash quotations were as follows: : Flour Easy. Wheat No. 3 spring, 6771c; No. 2 red, 6872c. Corn No. 2, 4343c; No. 2 yellow, 4343c. . ,. Oats No. 2 white, 29c; No, 3 White, 252Sc. ' Rye No. 2, 5254c. , .. , Barley Good feeding, 46c; fair to choice malting, 48&56c. . Flaxseed No. 1, $1 65; No. 1 Northwest ern, $1 56. Timothy Seed Prime, 4 10, Mess Pork Per barrel, $14 35. Lard Per 100 pounds, $$ 278 30. Short Ribs Sides (loose), $8 058 25; dry- salted shoulders (boxed), 66c; short clear sides (boxed), ?8 258 37. Clover Contract grade, ?10 75. On the Produce Exchange today the butter market was steady;. creameries, 15 20c; dairy, 1118C. Cheese Firm; ll12c. Eggs Firm; fresh, 12c. Receipts. Shipm'ts. Flour, barrels 44,000 38 000 Wheat, bushels , 141,000 115,000 Corn, busheln 252,000 03,000 Oats, bushels .... 289.000 285,000 Rye, bushels ....... :...-il. 19,000 0,000 Barley, bushols ....: ..20.000 4,000 v Grain, in Europe. ' LIVERPOOL, April 10. Wheat Spot quiet; No. 2 red Western Winter, 5s lld; No.- 1 Northern Spring, 6s Id; No. 1 Cali fornia, 6s 2fl. ' Corn Spot,,.Amerlcan mixed new, quiet, 3s lld; do 6!d, v sfeady, 4s Id. Futures steady; June,' 33 lld; -July, 3a 10d; Sep tember, 3s lid. LIVERPOOL, April 10. Wheat and flour In Paris dull; French country markets quiet; weather, In England unsettled. LONDONf April 10. Wheat cargoes on passage,4 quieter, 'hardly any demand. English country markets qufet. tVOOL TRADE LESS. Dut There Has Been No Weakening: . of Prices. BOSTON, April 10. The American Wool and Cotton Reporter tomorrow will say:, The wool market Is decidedly more quiet and a very marked falling off In the vol ume of business Is noticeable. The large consumers have apparently supplied their needs for the time being, and although a number of the smaller mills have been In, they have taken on only small lines, the aggregate of which Is figured at 3,603,- 000 pounds. This quieter condition of affairs was not unexpected, and lanot unnatural, after the enormous business previously trans acted. It would have been strange indeed if such a pronounced- activity has" been Downing, Hopkins & Co. ESTABLISHED 1803. ' WHEAT AND STOCK BROKER: Room' 4, Ground Floor R. . McKINNON & CO. BANKERS AND BROKE MEMBERS OF THE CHICAGO . "x .-,'. . .., BOARD OF TRADE 8 and 9 Chamber of Commerce, Portland We transfer money over our )WN wires, to all the important cities in the United States. We buy an sell cotton, grain and provisions, for cash or on margin, for future delivery. We buy and sell all railroad stocks listed on the New York or Chicago Stock Exchanges. We buy and. self all copper stocks listed on the Boston Stock Exchange. - We buy and sell all oil stocks listed on the San Francisco Oil Exchange. ' Correspondence solicited. longer maintained In view of that fact that the great bulk of purchasing, for consumption. Probably not a pound. of the large total gven last week was bought for speculation. Although there has been such a marked falling off In the volufhe' of trade there Is no weakening whatever in prices. The sales for the week' In Boston amounted to 3,393,000 pounds domestic and 215,000 pounds foreign, making a total or 3,608, 000, against a total of ll.fSo.OOO for the previous week, ,and a total ot 3,692,900 for the corresponding week last year. The sales since January 1 .amount to 68, 734,900 pounds, against 48,621,900 -pounds for the corresponding time last year. 1 PRICE OF'liEAD REDUCED. , Smelter Trust Lower Figure From ?4 to $3 OO. . . DENVER, April lO.-The News today says: The local manager jot the smelter trust has announced that 'vthe selling price "tofTeSa-has beenn-educed from $4 to ?3 90, and mine operators look for a Still further reduction. The price is fixed arbitrarily Tythe trust. The J4 rate has been in eTTect for over a year. The mine owners entered into an agreement with the trust to accept the $4 rate regardless of the maket price of lead, which at that time was above $4. The agreement ex pired January 1, and the trust now claims that on account of overproduction it is unable t6 maintain the ?4 rate. TWO CENTS FOR PRUNES. California Association Has Reduced Prices of All Siea. SAN' JOSE, Cal April 10. The direc tors of the Cured Fruit Association have reduced the prices on all prune sizes to a 2-cent. basis for a term of 15 days. They "have also decided to submit to the mem bers of the association the question of the further life of the organization. SAN FRANCISCO MARKETS. BAN FRANCISCO, April 40. Wool Spring Nevada, llg)13c; Eastern Oregon. 1013c; Valley Oregon, 1415c. Fall Mountain lambs. 78c; San Joaquin plains, 67c; Humboldt and Mendocino, 910c. Hops,, crop of 1900. 1520c. Millstuffs Middlings. $1719 50; bran, $15 5016 CO. Hay Wheat, S913: wheat and oats, 3 12- best "barley. $8 50; alfalfa, $7 009 50; compressed wheat, ?S13 per ton; straw. 4047c per bale. " Potatoes River Burbanks, 3o5oc; Ore gon Burbnnks. SOcigSl 10; Early Rose, 85c Si; sweet, 5O60c. Onions S3 504. Vegetables Green peas, 22c; string beans, 710c per pound; asparagus, si 45 2 per box. Citrus fruit Common California lemons. 50c; choice, $2; navel oranges, 75cS2 per box; Mexican limes, $5 506 00, Bananas SI 50Z 50 bunch. . Pineapples $34 per dozen. Green fruits Apples. r choice, SI 50 per box; common, 506 .per box. Poultry Turkeys, gobblers, 10llc; do hens, 1314c per pound; old roosters, J4 25. 4 50 per doz; young roosters, 56 507 50; fryers, S5(g5 50; hens. $4 505 50 per doz; small broilers, $2 503; large do, S3 504 50; old ducks, $5 5036 50; geese, $1 7502 00 per Butter Fancy creamery, 16c; fancy dairy, 15c. Eggs Store, 13c; ranch, 15c. Cheese California, full cream. 9&c; Young America, 10c; Eastern, 1416c. Receipts Flour, 25.130 quarter sacks; do Oregon. 41,263 quarter sacks; wheat, 7450 centals; barley, 3120 centals; oats, ISO centals; do Eastern, 1500 centals; beans, 605 sacks; potatoes. 3440 sacks; do Oregon, 4634 sacks; hran, 870; middlings, 206 sacks; hay, 320 tons; wool, 460 bales; hides, 510. Eastern Livestock,, CHICAGO, April 10. Cattle Receipts, 21,000. Including 2100 Texans. Good to choice steady; others weak; butchers' stock steady; Texans sold up to $5 20: good to prime steers, $5 00g6 00; poor to medium. S3904 90; stockers and feed ers, choice steady; others weak, S2 75 4 85; cows. S2 804 50; heifers. 2 804 SO; canners, 52 002 75; pulls, steady at ?2 70 4 50; calves. $4 25o 75; Texas fed steers, S4 25g5 25; Texas grass steers, $3 50 4 50; Texas bulls, $2 753 90. Hogs Receipts today, 25,000? tomorrow, 22,000; left over, 3,000. Opened weak, clos ing steady; top, S6 10; mixed and butch ers $5 756 05; good to choice heavy, $5 85 6 10; rough heavy, $5 705 80; light, $5 65 5 97; bulk of sales. S5 856 00. Sheep Receipts, 16,000; sheep steady; lambs steady to slow. Good to choice wethers, export sales, up to S5 25, S4 85 5 00; fair to choice mixed, S4 604 90; Western sheep, $4 855 00; yearlings, S4 90(g5 10; native lambs, clipped, $5 25 5 40; Western lambs, clipped, 55 255 40. KANSAS CITY. April 10. Cattle Re ceipts. SOOO. Market steady to strong: Texas steers, 54 255 00; Texas cows, 52 75 g4 00; native steers, 54 705 50; native cows and heifers, 53 254 85; stockers and feeders, 54 105 00; bulls, 53 254"50. Hogs Receipts, 18,000. Market. 57c ' MANHOOD rl bio Vltallzer.theprescrlpuoaofafnmona French physician, will qnlclcly euro you ofaU nervouaor di3ae3of the generatlre organs, such aa X1 Banhood, Inxoinrils, Pains In (he Back, Seminal Eiulaalons, Hertons Debility, IMmpleo UMfitBeai te Harrj, Kshaaatlnsr Urn In a, -Varicocele and Constipation. Ititojiaall losses by day or nigh t. Vreventa quickness of dlacbarge, which If not checked leads to Spermatorrhoea and all the horrors of mpotncy. CuPlnEJTE cleanses tea liver. th .Itinera and thn nrinanr oirrnrn of Jill Imnnrltfp. 4111 PinEME ntrenirthfiiis and restores small weak organs. xne reason sunerere aro not enrea by Doctors Is Address DATOE, JTEDIcrNi; CO., 1 O. Chamber of Commerce S lower; bulk of sales, 55 855 95; heavy, 55 9006 00; packers, 55 S5g5 95; mixed, 55 SO 5 95; light, 55 705 90; yorkers, 55 65 5 85; pigs. 54 505 50. Sheep Receipts, 7000. Market steady; lambs. 55 005 10; muttons, 54 255 00. OMAHA, April 10. Cattle Receipts, 2900 head; mprket active and steady. Na tive beef steers, S4 205 50; Western steers, 544 65; Texas steers, 53 254 25; cows and heifers, 53 304 65; canners. 51 503 25; stockers and feeders, S3 25 4 75; calves, '53 5056 75; bulls and stags, 52 S04 10. . Hogs Receipts, 9000 head. Market 5c lower. Heavy, 55 876 00; mixed, 5 S5 5 87&; light, 55 8Xg5 85; bulk of sales, 55 85 5 S7. Sheep Receipts. 7800. Market steady to shade lower. Fair to choice native year lings, 54 604 90; fair to choice Western wethers, 54 254 60; common and choice sheep, 53 S03 90; lambs, 54 2&S5 10. The Metal Market. NEW YORK, April 10. It has been an other day of small things In . the local metal market. Speculative dealings were conspicuous by their absence, "and trad ing was confined to meeting Immediate requirements. In tin holders reduced the price 20 points, but even this concession could not bring about business, as buyers considered rates still too high. In view of the bearish statistical position. The close here was dull, however, with prices more or less nominal on a basis of 526(326 30. London quotations were marked up 5s to 115 12s 6d for spot and 113 2s Gd. but this factor was thoroughly discounted. Copper ruled Inactive and nominally un changed, at 517 for lake and 516 62 for casting. The London market was also good at 68 12s 6d and 69 3s 3d for spot and futures respectively. Lead remains unchanged at 54 37. Spelter was quiet, but about steady, at old prices, closing at 53 923 97. Pig iron warants, 59 5010 50; Northern foundry, 515 25. Bar sliver, 59c. SAN FRANCISCO, April 10. Bar silver. 59c. LONDON, April 10. Bar silver, 27 3-16d. Rafslnn Are Cheaper. FRESNO. Cal., April 10. The new di rectors of the Raisin Growers' Association have taken hold of the problem presented by having over 1000 carloads of last year's raisins on hand with a possible market for only a third of the amount before the new crop come In. Under the circum stances, the directors have resolved to cut the price temporarily to 3 cents a pound for selling purposes, allowing the retailer to sell one-pound cartons for 10 cents, with the distinct understanding that such sales are to be solely for the purpose of advertising California raisins. Coffee and Sngnr. NEW YORK, April 10. Spot Rio. dull; No. 7 Invoice, 6c; mild, dull; Cordova, Si12c. Sugar Raw, Arm; fair refining, 3 17-32c; centrifugal, 96 test. 41-16c; refined, steady. Should Be Analyzed. BANDON. April 8. (To the Editor.) I would like some information in regard to a well which I dug on my place last Summer. There Is plenty of water In the well, and it is clear as crystal when first drawn, but after standing a short time gets so roily that you can not se the bottom of the pall. It has a reddish look, as though it had Iron rust In It, and a greasy scum forms over the top. It Is hard, and has a disagreeable taste. 1 as of rusty iron or some mineral. The ! subsoil here Is blue clay. Would the water be soft and good to drink If i should go below the blue clay? F. N. PERKINS. Only a chemical analysis will show the nature of the minerals In the water, al though It probably contains Iron. It Is Impossible, from the Information given, to say what you might strike by boring further. Oats. KING'S VALLEY, April 9. (To the Ed itor.) Please inform me whether there are 32 pounds of oats in a bushel; and Is this legal? SUBSCRIBER. Under the new law 32 pounds make a bushel. IT IS A CRIME TO BE WEAK. Everv Weak man or woman can be re stored to perfect health and vitality by proper application or ciectncuy. ur. Bennett.tbeereatElectrlcalauthorily, has written a book, which he sends free. oostDald. for the asklnr. His Electric Belt and Electrical Suspen sory are the only ones which do not bum and blister and which can be re newed when burned out. Guaranteed to cure Varicocele. Lost Vigor and VI t.ilitv. Jffdnnv. I.lver and Stomach Disorders. Constipation, etc. Write for book today DR. BENNETT Electric Belt Co. 8 to 11 Union Bloclc. Denver. Colo. RESTORED"?"p'Df.M.,EL because 90 per con tare troubled with I"rofSaMiJa. JBcc; 5078, San rraccbco, Cal SJSEcilp THE PALATIAL d&HN . BUILD Hot a dnrlc office In the Iralldiaal absolutely fireproof electric Hzata and artesian Traterj perXeet aanlta tlon and. thorough ventilation. Elo vatora ran day anil atlffht Boosts AINSLIB. DR. GEORGE. Phyatclaa...008-0f ANDERSON. QTJSTAV. Attornoy-t-La.Tr...U3 ASSOCIATED PRESS: E. "L. Powell. Mjrr.SOt AUSTEN. F. C Manager for Owstm aad TVashlnston Bankers IAS Association, ot Des Moines. la... 003-003 BANKERS' lFE ASSOCIATION. OF DE3 MOINES. IA.r F. C. Austen. ilr.. .002-001 BAYNTUN, GEO. B.. Manager for Chaa. Scrlbner'a Sons .... .............313 BEALS EDWARD A.. Forecast Official TJ. S. Weather Bureau ..313 BENJAMIN, R. "W.. Dantlat 314 BINSWANGER. DR. O. S.. Paya & Sur.alO-U BROOKE. DR. J. M.. Phya. & Surff...-708-703 BROWN. MTRA. M. D 3W-314 BRTJERE. DR. G. E.. Physician... 413413U cannino. m. j. eoa-aoa CAUKIN G. E.. District Ajtent Traralera Insurance Co ., ....713 CARDWELL. DR. J. R. 604 CHURCHILL. MRS. E. J. ....Tltf-71T COFFEY. DR. R. C... Phys. & Surson...700 COLUMBIA TELEPHONE COMPANT.... eo4-eo5-aoo-fl07-oi3-aH-na CORNELIUS, a W.. Phys. and Surxeoa...204 COVER. F. C. Caahler Equitable Lira 3CJ COLLIER. P. F.. Publisher; S. P. McGulr. Manager ......... ...............'...413 DAT, J. G. it X. N 313 DAVIS. NAPOLEON. President Columbia Telephpno Ccv &T DICKSON. DR. J. F.. Physician .713-714 DRAKE. DR. H. B.. Physician... 812-013-314 DWTER, JOE E.. Tobaccos 403 EDITORIAL ROOMS .......... ..Elihth Floo EQUITABLE LIFE INSURANCE SOCIETT. L. Samuel, Msr.; F. C Cover. Cashlr...30 EVENING TELEGRAM 323 Alder straot FENTON. J. D.. Physician and Sura-OOO-fllO FENTON. DR. HICKS C; Eye and Ear.. .011 FENTON. MATTHEW F.. Dontlat 008 UALVAN1. W. H.. Engineer and Draughts man ............................. ........000 GAVIN, A.. President Oregon Camera Club, 214-210-210-317 GEART. DR EDWARD P.. Physician and Stfrireoj. ....... . 213-213 GIEST. A. J.. Physician and Surgeon.. 7U0-71U GILLESPY. SHERWOOD. General Agent Mutual. Lift Ins. Co... 404-400-40(1 GODDARD. E. C & CO.. Footwear ... .Ground floor. 123 8beth street GOLDMAN. WILLIAM. Manager Manhat tan Ufa Ina. Co.. o New Tork......2U0-210 GRANTi FItANK S.. Attorney-at-Law....017 HAMMOND. A, B ., 310 HOLLtSTER. DR. O. C. Phys. & Sur.004-303 IDLCMAN. C. M.. Attorney-at-Law.410-17-13 JOHNSON. W. C aiO-31tl-3W KADI". MARK T.. Supervisor at Agents Mutual Reserve Fund Life Ass' n..'. .0)4-001 LAMONT, JOHN. Vice-Preatdent and Gen eral Manager Columbia Telephone Co GO LITTLEFIELD. H. R.. Phys. an Surgeon.2o0 MACKAY. DR, A. E.. Pnya. and Surg..711-7 MANHATTAN L'FE LSiURANCE CO.. ot New York; W. Goldman. Manager. ..200-210 MARTIN J L. & CO.. Timber Lands.. .Col McCOY. NEWTON. Attorney-at-Law 710 McFADEN. MlbS IDA E. Stenographer.. 201 McGINN. HENRY E.. Attorney-at-Law.311-U McKINNON'. J. D.. Turkish Bdtha.JOO-JOl-302 METT. HENRY 213 MILLER. UK. HERBERT C. Dentist and Oral Surgeon ......,....U0S-U09 MOSSMAN. Dlt. E. P.r Dentist... .312-3U-J14 MUTUAL RESERVE FUND LIFE ASS'Nj Mark T. Kady. Supervisor of AKenu.004-C03 Mcelroy, dr. j. g.. Phys. & aur.701-702-704 McFARLAND. E. B., flecTetary Columbia Telephone Co COtl McGUUtE. S. P., Manager P. F. Collier. Publisher 413 MUTUAL LIFE INSURANCE CO.. ot New York. Sherwood. Glllescy. Gen. Agt. . .404-5-0 NICHOLAS. HORACE B.. Atfy-at-Law..7li N1LES. M. L.. Caahler Manhattan Llfa In surance Co. of New York.. ....... .......200 OREGON INFIRMARY OF OSTEOPATHY; Dr. L. B. Smith. Osteopath........ .408-40 OREOON CAMERA CLUB 214-210-210-217 PACIFIC CHRISTIAN PUB. CO.; J. F. Ghormley. Mgr. .........203 PORTLAND EYE AND 'EAR INFIRMARY. , ,..j ...Ground floor. 14J 6 lath street PORTLAND MINING to TRUST CO.; J. H. Marshall. Manager ......819 QUIMBY. I- P. W.. Gama and Forestry Warden -..-. r ' ROSENDALE. O. M., Metallurgist and Min ing Engineer .....010-018 REED A MALCOLM. Opticians. ..133 Sixth st. REED. F. C. Fish Commissioner.... .....407 RYAN. J. B.. Attorney-at-Law ......417 SAMUEL. L.. Manager Equitable Life. ...304 SECURITY MUTUAL LIFE INSURANCE CO.; H. F Bushong. Gen. Agent for Ore gon and Washington ....801 SHERWOOD, J. W.. Deputy Supreme Com mander K. O. T. M... SIT SLOCUM. SAMUEL a. Phys. and Surg...70O SMITH. DR. L. a. Osteopath 403-409 STUART. DELL. Attorney-at-Law. ...017-013 STOLTE. DR. CHAS. E, Dentist.. ...704-700 SURGEON OB THE S. P. RY. AND N. P. TERMINAL CO... -70(1 STROWBU1DGE. THOMAS H.. Ezscutlva Special Agt. Mutual Life of New York.,408 SUPERINTENDENT'S OFFICE.. .301 TUCKER. DR. GEO. F.. Dentist 010-011 U. S. WEATHER BUREAU... 807-803-800-010 U. S. LIGHTHOUSE ENGINEERS. 13TH DIST.; Captain W. C Laagflt. Corps of Engineers. U. S. A 803 U S. ENGINEER OFFICE. RIVER AND HARBOR IMPROVEMENTS; Captain W. C Langflt. Corps of Engineers, U. 8. A. .310 WATERMAN. C. H.. Cashier Mutual Llfs of New York - 40 WILSON. DR. EDWARD, N., Physician and Surgeon ...............304-303 WILSON. DR. GEO. F.. Phys. & Surg.700-707 WILSON. DR. HOLT C Phys. i Surg.80T-003 WOOD, DR. W. L.. Physician. .....412-413-414 WILLAMETTE VALLEY TELEP. CO 013 A. few more eleffant oflleea may be had by applying to Portland Traat Company of Oregon, lOO Third at., o ot the rent cleric in the bnlldlnjr. MEN No Curs No ray THE MODERN APPLIANCE. A. puaJUjV way to tierfect mannoud. 'iho VACUUM TREATMENT cures you without medicine ot all nervous or diseases of the generative or gans, such as lost manhood, exhaustive drains, varicocele. Impotency, etc. Men are quickly re stored to perfect health and strength. Write tor circulars. Correspondence confidential. THE HEALTH APPLIANCE CO. rooms 47-40, Safe Deposit Hide. Srattle. Wash. jSWfi fa Si2SgH GARDUI