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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 2, 1901)
THE ItfOKNING OREGONTAN, THURSDAY, MAX 2, '1901. 11 GGMMEROIAL AND FINANCIAL NEWS Increasing- actH-ity In wool and -wheat are the oest features ol the trade-situation for the pact tveek, and some good sized" lots of Doth of these staples have oeen moved recently. There has been some improvement in the price of wheat, but -wool Is not doing much better. The run of salmon Is increasing, and Jtrade in any Tray connected "with that in dustry is excellent. Lumber business is booming, and more men are employed in logging and lumbering than ever De fore in the history of the city. There Is also plenty of work In all other Indus tries, and the effect of this prosperity Is quite noticeable in general trade. Pota toes are bringing the best prices of the season, and,' from the Quantities that are being marketed, growers here are far from being sold out. There Is a nrmer feeling In the butter market on account of the cold-storage demand, but eggs nre a shade weaker. Veal Is easier on heavy receipts, over 60 coming In on one train yesterday morning. Pork is still selling at the best prices of the season. The market is pretty well supplied with California garden truck at present, and prices are declining. The California steamer arriving- early yesterday morn ing brought a large consignment of vege tables, and. with the exception of pota toes, jirlces are a shade lower. California strawberries have been quite plentiful un til yesterday, but the rain in California Sunday and Monday has shut off the supply, and the few that came to hand yesterday sold at $2 per crate of 15 boxes. "WHEAT The wheat market, which was moving upward at quite a satisfactory pace last Saturday, received a "hard jolt on Monday through the Improved condi tion of the California crop, and the ap parent belief that the crop in that over estimated state -would supply too large a surplus for the world's consumption. There was a violent slump Monday, but some recovery since, and the market yes terday was fairly steady with the East showing a slight gain on the day's busi ness. The European market was higher yesterday on futures, but cargoes for prompt shipment were unchanged. The bulge last Saturday loosened up, consid erable wheat at full prices, 50 cents be ing paid at interior points, but the re lapse has carried the price down to a point where farmers are not inclined to selL Walla Walla in this market Is quoted at 59 and 60 cents, with a shade more possible for a round lot. Bluestem is easy at a. nominal quotation of 2 cents more than Walla Walla. There seems to be considerable underlying- strength in the wheat situation, but prices improve with difficulty. The wheat, market has never been so thor oughly abandoned by the speculative pub lic as it is at the present time, and this undoubtedly has some effect in keeping prices down while everything else Is going up. This feature of the situation is thus discussed by Paine, Webber & Co's New York Market Letter, under date of April Zii It lias been tlie "womlerlnsr comment of very many that wheat for many years, In fact, for all time past, a leadlng.artlcle on the world's speculative counter should thus far have failed to share In the un precedented boom enjoyed by almost everything ds& speculative. That a com modity possessing such absolute In trinsic value, affording to the purchaser of each bushel 60 pounds of flrst-ilass ma terial convertible Into product Indispens able to the life of man, a commodity possessing now and for months past a statistical position. In this country the strongest In recent years, that this com modity should be utterly Ignored in the speculative arena and entire preference .given to properties represented by paper certificates, and many of them of more or less uncertain value, is certainly a cause for just -wonderment. Material advances nave occurred In corn and provisions, while in the department of paper cer tificates the appreciation In values, very largely In many cases through bull spec ulative endeavor, 'rather than through real appreciation in merit, has not only surpassed all records, but has reached dizzy heights unavoidably suggestive of the precipice on the other side. If a fractional portion of this speculative sup port had been given to wheat, the whole of this greatest worlds agricultural country would have been benefited, and not a capitalistic few. We Are not sug gesting any such balloon-like elevation as In the Lelter wheat days of 1S98, but the return to a level approximating that ruling before the panic period of the arly '90s. WOOL Several good-sized lots of wool have changed hands within the past week, and the 1300 business may be said to be fairly under way, as a number of buyers are in the field, and there is more of a disposition on the part of hold ers to do business. Prices show no Im provement and the sales that have been made were at about 10 cents for Eastern Oregon and 13 cents for Valley wool. The New York Journal of Commerce prints the following regarding the situation In, the East: Reports from different quarters in the wool market are to the effect that prices which have been declining for the last weK on domestics have reached the stage where an upward turn is looked for, although the market during the week has been generally quiej, with sales at low prices- only. The demand for Australian meHnos, however, has been good and the market firm, with ' moderate sales of crossbred grades. The careful trade has put forward a fair demand for casket wool, and rather more has been done in these than of late at about previous prices. The market for territories has been slow in medium and low grades, with a moderate business in fine qualities, which, owing to ready supplies being limited, have maintained steady prices. HOPS The growing crop is still look ing well, and promises a large yield. New crop contracting which was quite brisk for awhile has made a pause, and no new contracts are reported. There is a good, healthy tone to the market in the East, and Kent and Sussex, Eng., mail advices to April 13 say that the mar ket has reopened with a. better tone and that there is more confidence. Continu ing the report says: "Although the de mand is very moderate. It Is more gen eral than before Easter, and the best hops cannot be so easily obtained at bot tom prices. There is some demand for old olds for mixing with cold-stored nops. Stocks are very limited, and' prices are expected to Improve when the demand revives. Prices to growers re main as under: East Kents, SOs, 100s to 120s; Mid Kents. 80s, 100s. to 112s; Wealds and Sussex, SOs, SOs to 100s; yearlings. 50s to 70s per ewt" POTATOES The potato' market ls booming, and, prices on best Burbanks have Boared up well above the dollar mark. As a matter of fact, some extra fine upland stock has sold as high as $125 per sack. This ls an exceptional figure,, however, and the average run of offerings sell around $1 and $1 10 per cen tal. The San Francisco market Is the center of strength at present, and it ls reported that frosts have materially in jured the growing crop. New potatoes from California arriving on the Elder J yesterday morning sold at ?2 and $2 25 per cental. The quality is improving. J BUTTER Any further decline in but- ter at the present time has been arrested J ft! by the demands of the cold-storage men. They are taking up all of the best cream ery stock that is offering at 1VA cents per pound, and this figure will accord ingly be the low-water mark for the season. Dairy ls easy at unchanged fig ures. Store butter is In poorer demand proportionately than the other grades, but there, is no accumulation of stocks. EGGS Lack of outside demand and fairly heavy receipts have caused an easier feeling in the eg gmarket, and, while some sales were made as high aa 15 cents for single cases yesterday, round lots were obtainable for 14 and 14 cents. The local demand Is smaller since fruits have began coming more freely. POULTRY Large-sized, well-conditioned Spring -chickens are In good de mand at good prices, and they come pretty near to being the only thing in the poultry line that Is wanted except at bargain prices. The market is . well stocked with "cultus" chickens of all ages and sizes, but the good ones are not too plenty. Young geese and ducks find some buyers at fair prices, but old birds are neglected. A few dressed tur keys are coming to hand and sell In a small way at 14 to 16 cents, according to quality. sound steers. 60 pounds and over, 7Sc; do. .50 to 60 poundS, 77c do. under 50 pounds, 67c, kip. 10 to 30 pounds. 6 7c; do veal, 10 to 14 pounds. 7c; do calf, under 10 pounds. 78c: green (unsalted), lc per pound less; cuhb (bulls sags, moth-eaten, badly cut. scored, hair slipped, weather-beaten or grubby), one third less Pelts Bearskins, each, as to size. $59 20; cubs. each. ?25: badger, each. 1040c; wildcat. 2375c; house cat, 5620c: fox. common gray, 3050c; do red. $1 502; do cross, $515; lynx. J2gZ; mink. 50cJl 25; marten, dark Northern. J612: do pale pine, $1502; muskrat. 510c; skunk, 25 35c; otter (land). J57; panther, with head and claws perfect. J25: raccoon. 30235c; wolf, mountain, with head perfect. $3 50 6; prairie wolf or coyote. 6075c; wolver ine. J47; beaver, per skin, larce. $56; do medium, per skin. $37: do small, per skin. $12; do kits, per skin. 5075c. NEW YORK STOCK MARKET. Attention Wai Fixed on Union Pa cific All Day. NEW YORK. May L Union Pacinc Ontario & We3t... 80HIU. S. Steel 54H Pennsylvania ....157M do pfd 101& Reading 44iUnion Bag pfd.... C9 do 1st pfd 70 Chi. Term. &. TT... 23JJ do 2d pfd....... 58 1 do pia 47 St. Louis ic S. P.. 40-i do 1st pfd 85 Mi ao za pia 7 St. Louis S. XV... 38 do pfd 07 sc x-aui uzfr ao pia mi: Southern Pacific. 57: Southern Ry 33 do pfd ..... 87 Bait. & Ohio pfd... 03 Chicago &. Alton.. 48H do pfd ai iChl. Gr. Western.. 21& do pfd 84 do pfd "B" 53 Erie 2d pfd 59 Hockinc vv. nia... st1 Mexican National.. 12 St. Xu & S. W 18! Texas & Pacific... 40-&I do pfd 4G Union Pacific ....12914'F. C. C. & St. L.. 68 do pfd .. 98 ICont. Gas 22o&" Wabash 21 Hocking Coal 18 do pfd 44Int. Power 84 "Whesl. & L. E... 18Republlc Iron & S. 20 do 2d pfd 35&j do pfd ,.... 77& Wis. Central 221 r- Ex dividerid. Clearing House Statement, ' Clearings. Balances, Portland .., S341.G10 Tacoma 168,0u2 Seattle ;.. 321.6o2 Spokane 183,505 PORTLAND MARKETS. $55,507 18,710 31.507 .24.270 Grain, Flonr, Etc. Wheat Walla "Walla, nominal, .59G0c; bluestem, 612c; Valley, nominal. Flour Best gradfes, $2 S0&3 '40 per bar rel. Rranam. a 60. Oats White, ?1 301 35; gray, 51259 1 30 er cental. . Barley Feed, ?1717 25; brewing, $17 17 25 per ten. Mills tuffs Bran. $17 per ton; middlings, $21 50; shorts, $20; chop, $16. Hay Timothy, $12 60H; clover, $73 50; Oregon wlla hay, t6foe7 per ton. Groceries, Nats, Etc. Coffee Mocna, Z3&2Sc; Java, fancy, 2C 32c; Java, good, 20624c; Java, ordinary, lS20c; Costa Rica, fancy, lS20c: Costa Rica, good, 16lSc; Costa Rica, ordinary, 1012c per pound; Columbia roast, $11 75; Arbuckle's, $11 25; Lion, $11 75 per case. Rice island, 6c; Japan, 6c; New Orle ans, 45c; fancy head. $7&7 50 Der sack. Sugar Cube, $6 40; crushed, $6 65; pow dered, $6; dry granulated, $5 SO; extra C, $5 SO; golden C, $5 30 net, half barrels Vic more than barreis; sacks, luc per 1U0 less than barrelc; maple. 1516c per pound. Salmon r Columbia Rtvei. one-pound tails, $1 602: two-pound tails. $2 25S250; fancy one-pound fiats, $22 25; -Pund fancy fiats, $1. 101 30; Alaika tails, $1 1 25; two-pound tails. $1 902 25. Beans Small whiter ic; large white. oc; bayo, 3&c; Llma.-TUc; pink, 2&c; red Mexican, 4c per pound. Grain bags Calcutta, $6 506 75 per 100 for spot Coal oil Cas.es, 18&c per gallon; bar rels, 15V4c: tanks, 13V4c Stock salt 50s, $14 75; 100s, $14 25; granu lated. SOs, $20 00; Liverpool, 50s, $21 00; 1'jOs. $20 50; 200s, $20. Nuts Peanuts. 6&7e per pound for raw, 8c lor roasted: cocoaniits, SOc per dozen; walnuts, MXfllc per ,poimd; pint nuts. 15c; hickory nuts. 7c: chestnuts, 15c; Brazil, lie; filberts, 16c;. fancy pecans, 12 QUc; almonds. 2517cper pound. Vesetables, Frnltn, Etc. Vegetables Onions, $34 50; cabbage, $1 401 50 per cental; potatoes, 90c$l 10 per sack; swet potatoes, $1 75 per 100 pounds; new potatoes, 22Uc per pound; celery, S090c per dozen; California tqma toes, $1 752 per box; asparagus, $11 25 per box; rhubarb, 22&c per pound. Fruit Lemons, choice, $2; fancy, $2 50 2 75; oranges. $1 752 50 for navei, $1 50 1 75 for seedlings. jen; box; pineapples, $4(j4 50 per" dozen; bananas, $2 253 per bunch: Persian dates. 6c per pound: ap ples, $1 C02 50; strawberries, 15c per box. DriPd fruit Appies, evaporated 54f6c per pound r sun-dried, sacks or boxes, 34c; pears, Sg9c; prunes, Italian. 57c; silver, extra choice, 57c; figs, California blacks, 5c; figs, Calllornla white, 57c; plums, pltless, white, 7Sc per pound. Batter, Erss, Poultry. Etc. Butter Fancy creamery, 1517q -dairy, 12&314c: store, 10llc per.pound. Eggs Oregon ranch, 1414&c perdozen. Poultry Chickens, mixed, $3 504; hens, $44 50; Pressed. ll12c per pound: Springs, $3o per dozen; ducks. $5 0O6 00; geese, $67 per dozen; turJceys, live, 10 12c; dressed, l315e per pound. , Cheese Full cream, twins, 1313&c; Young America. 13&14c per pound. Meat and Provisions. Mutton Lams, 4&&5C per pound, gross; dressed, lie per pound; best sheep, weth ers, gross, with wool, $4 25Q4 50; sheared. $3 5033 75; dressed. 7&c per pound. Hogs Gross, heavy, $5 75&o; light, $4 75 E; dressed, 77&c per pound. Veal Small, S"S&c; large. 67&c per pound. Provisions Portland pack (Shield Brand) hams, 134c; picnic, 9&c per pound, breakfast bacon, 1516c per pound; ba con, 12c per pound; backs, ll?ic; dry salted sides, Hc; dried beef, setts, 16c; knuckles, 17c; lard, 6s, 12c; 10s, llTic; 50s, 115ic; tierces, llUc; Eastern pack (Ham monds), hams, large. 12c; medium. 13c; small, 13J4c, picnic, 10c; snoulders. 10c, breakfast bacon, 1416c; dry salted sides, 1012c: bacon sides. ll?i13c; backs, 12c; butts, llc; lard, pure leaf, kettle rendered. 5s. 12Hc; 10s. 12c; dry salt bel lies. ll13c; bacon bellies, 12&14c; dried beef, 15Uc Beef Gross, top steers. $55 25; cows and heifers. $4 504 75; dressed beef, S4 8&c per pound. Hops, Wool, Hides, Etc. Hops 12014c per pound. Wool-Valley, 12&13V4c; Eastern Ore gon, 912c; mohair, 2021c per pound. Sheepskins Shearlings, logaoc; short wool, 2535c; medium-wool. 30ff50c; long wool, 60c$l each. Tallow 3c; No. 2 and grease, 22&c per pound. Hides Dry hides. No. 1. 16 nounds and upward 1415c; dry kip. No. 1. 5 to 16 pounds. 1415c per pound: dry calf. No. 1. CULUSOIN&CO. again furnished the sensation of the stock market today, and the moYenjent of mat stock and of stocks related with It in tbe speculation dominated the market practi cally all day. The stock showed a good gain at the opening, and was firmly main tained all throush the period of sharp reaction after the enormous 'profit-taking had borne down prices after the open ing. This reaction had become very general when Union Pacific began to advance by such strides and on such a succession of buying orders was a surprise In even the current deals. The advance was pretty steady by fractions up to about 123, but from that point the advance became wild, jumping a point between sales some times, and falling back as abruptly, but without any relaxation in .the character of the buying until the price touched 129. From that point the stock fell back by feverish fluctuations to 123, and then vibrated wide ly, as though the traders were attempting to find a level representing some undis closed offer, for .the stock. The violent "relapse In" Union Pacific came about toe same, time as tne an nouncement of the dividend action on the Atchison common. As there have been very demonstrative claims that this semi annual dividend would be 2 per cent In stead of per cent, there were some dis appointed traders who sold the stock free ly on the announcement, causing a re lapse of 3 points. The market looked at this time as though it would lose all the advantage derived from the spurt in Union Pacific, and a large part of the recoveries, which had reached 13 points from the 'low level, were lost again. The general move ment of prices were so erratic as to throw the speculation Into confusion, and operators refrained from taking action, leading practically the first period of anything approaching dullness for the week. In the course of the afternoon, however. Union Pacific renewed its ad vance In a much more orderly and well sustahied manner. than in the morning, and very notable buying of Northern Pa cific supplemented this movement. The great speculative movement thereupon re sumed full swing, the participants show ing undiminished Industry in seeking out new points of strength and bringing about a general resumption of strength. Union Pacific's late advance carried it up to 130, an extreme rise of 3 points, and New York Central touched 169V4, a gain of 54. Northwestern gained 5 on the day. These advances were apparently sympa thetic, and gave color to the supposi tion that'the Vanderbilts had secured con trol of the "Union Pacific. This supposi tion was commonly accepted this morif ing, but the-violent movements lri Union Pacific gave rise to surmises of a renewed contest for the. control of the- property. There ls an appearance of uncertainty among the insiders as to where the actual control lies, but that a bold contest In the open market for the control has been go ing on Is now' generally believed, and following- upon the accomplishment of the Burlington deal It makes the speculative public quite ready to jump at any sug gestion of a consolidation of whatever magnitude. The conditions precipitated by the Burlington deal, especially when followed bythe U.nlon Pacific -operatlon,-glve a very logical basis for the supposi tion that rival railroad systems are In a measure in an unprotected position unless they follow With similar consolidations., The Pennsylvania dividend was also a disappointment to a class of SDeculators. as they had predicted with great conn-, dence hat It would be supplemented by an extra dividend, but the effect on the stock was very slight, as It came after the market had fairly turned upward again. .-''. The additional engagements of $1,250,000 In gold for 'tomorrow's French steamer camels a surprise, and the earlier an nouncement wa's a large factor in the chilling Influences on the opening stock market, following as it did yesterday af ternoon's advance to 6 per cent in the call money rate. The rate ran up to 6 per cent again today under the demand from belated borrowers, but the speculative contingent was not disturbed. The dis bursement of interests and of corporation earnings incident to the first of the month are looked to keep the present needs of the money market supplied. There were periods of strength today among the coalers, especially the Read ings, railroads in the Soutnern region, the Wabashes, Mexican Central. B. & O., Illi nois Central, Western Union, United States Leather, Glucose, People's Gas, Hocking Valley, International Power, General Electric and a number of minor stocks, but none of these movements was explained by anything else than the gen eral speculative confidence. The day's business, though falling 500,000 shares be low yesterday's level, was still of abnor mal proportions. The United States Steel stocks, though continuing very active, moved very narrowly. The large business in bonds today was largely accounted for by the extraordi nary dealings and price movement In Union Pacific convertible 4s, in sympathy with the stock. Otherwise the prices were moderately active and strong. Total sales, par value, $11,995,000 United States 3s de clined 4 per cent on the last call BONDS. Kew Yorlc Stocks. These quotations are furnished by R. W. McKInnon and Co., members of the Chi cago Board of Trade: STOCKS. Anaconda Mining Co... Amal. Copper Co , Atchison com Atchison pfd Am. Tobacco com , Am. Sugar com Am. Smelter com Am. Smelter pfd Baltimore & Ohio com. Baltimore & Ohio pfd. Brook. Rapid Transit... Chicago & Alton com.. Chicago & Alton pfd.. Chicago &'G. W. com. Chi., Ind. & L. com.... Chi., Ind. & L. pfd.... Chi., Burl. & Quincy.. Chi., "Mil. & St. Paul.. Chicago & N. W. com. Cni., R. I. & Pacific.. New Jersey Central.... Chesapeake & Ohio.... Canada Southern Colo. Fuel & Iron com. Oont. Tobacco com Cont. Tobacco pfd Delaware & Hudson.... Del., Lack. & Western. D. & R. G. com D. & R. G. pfd Erie com Erie 2ds pfd Erie lsts pfd Illinois Central Louisville & Nashville. Met. Traction Co Manhattan Elevated.... Mexican Central Ry.... Missouri Pacific Mo., Kan. & Tex. com. Mo., Kan. & Tex. pfd. New York Central Norfolk & West. com.. Norfolk & West. pfd.. Northern Pacific com.. Northern Pacific pfd.. North American new.. N. Y.K Ont. & Western. Pennsylvania Ry People's G., L. & C. Co. Pressed S. Car com.... Pressed S. Car pfd.... Pullman Palace Co.... Pacific Mail S. Co Reading com Reading 2ds pfd Reading lsts pfd Southern Ry. com Southern Ry pfd Southern Pacific St. L. & S. F. com.... St. L. & S. F. 2ds pfd.. St. L. & S. F lsts pfd.. Texas & Pacific Tenn. Coal & Iron.... Union Pacific com Union Pacific pfd U. S.'Leather com U. S. Leather pfd U. S. Rubber com TJ. S. Rubber pfd- U. S. Steel Co. com.... U. S. Steel Co. pfd.... Wheel, & L. E. com.... Wheel. '& L. E. 2ds.... Western Union Tel.... Wabash com Wabash pfd S 51 122 3 103 128 147 61 106 93 85 49 81 23 37 TV 199 171 213 164 158 Mi 75 104 46 108. 180 218 46 93 42 59 70 J. 40 109 174 128 27 109 32 65 161 04 S3 114 101 88 37 156 117 46 87 211 39 43 57 77 32 86 56 48 73 85 49 66 118 97 14 78 62 21 54 101 19 3G 94 22 42 51 123 76 104 128 148 61 98 110 94 87 49 82 25 38 72 199 173 215 164 159 49 76 107 46 105 180 222 47 95 42 59 72V4 149 111 174 129 29 110 3A! 66tf 169 55 89 117 101 O So ft to E0 51 40 158 119 46 88 211 40 44 59 80 34 88 57 50 73 86 50 67 130 99 16 79 63 21 54 101 19 37 96 22 45 121 73 101 127; 146 60 97 103 92 86 48 81 23 37 71 198 170 210 162 158 48 75 101 45 104 178 218 46 94 41 58 70 144 108 173 128 25 109, 32 65 160 53 113 101 86 37 155 116 45 87 210 39 42 57 77 ?i 55 48 70 85 49 65 117 97 14 78 61 21 53 100 18 35 93 22 41 123 76 103 127 147 61 97 109 93 86 48 81 24 37 71 198. 172 213 163 159 48 76 105 46 104 179 222 47 95 42 59 72 147 110 173 128 29 109 32 65 169 55 89 115 101 88 39 157 119 46 87 210 40 44 5S 79 33 87 57 49 72 85 49 65 129 98 15 78 61 21 54 101'l 19 36 96 21 44 Downing, Hopkins & Co. I0KERS ' ' THE-PALATTAi; ESTABLISHED 1803. Room 4, "Ground Floor Chamber of Commerce R. W. McKINNON & CO MEMBERS OF THE CHICAGO BOARD OF TRADE ,8.and 9 Chamber of Commerce, Portland We transfer money over our own wires, to all the Important cities in the United States. We buy and 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 sell all copper stocks fisted on the Boston Stock Exchange. We buy and sell all oil stocks listed on the San Francisco Oil Exchange. Correspondence solicited. OREMIH BUlLDiNB Xot a. dark office In the building) absolutely fireproof; electric light and artesian -waterj perfect aanlta tlon and thoronsn -ventilation. Ele vators run. day and nlsht. advanced to 28c, the high price for the crop. The profit-taking caused a reac tion, but the close was strong, lc over yesterday, at 27c. Provisions were quiet, but strong, In sympathy with the corn strength ' and firmness of the cash market. Offerings were light, and local people bid the mar ket up. July pork closed 3c higher; July lard,. 10c up and July ribs 7c Improved. The leading futures ranged as follows: "WHEAT. Opening Highest. Lowest. Closing. May $0 72 $0 73 ?0 72 $0 T2 July 73 73 Total sales. 2,855,800 shares. Money closed 45 per cent. Money Exchange, Etc. NEW YORK, May L Money on call, 34 per cent; last loans, 6 per cent; prime mercantile paper, 44 per qent; sterling exchange, steadied, with actual business in bankers' bills at $4 88 for de mand and at $4 84 for sixty days; posted rates, $4 85, $4 86 and 14 89; commercial bills, ?4 S44 84. Silver certificates 60c. Mexican dollars 48c. Bonds Government, weak; state bonds, strong; railroad bonds, strong. SAN FRANCISCO, May 1. Sterling, on London, 60 days, ?4 86; sterling on London, sight, $4 89. Drafts Sight, 12c; telegraph, I5c. Mexican dollars-4950c. May July September May July 48 45 45 20 20 May July May ..... July September May July September 14 50 14 C5 8 02 7 07 7 02 8 20 7 87 7 87 40 45, 28 20 14 S5 15 00 815 8 07 8 05 8 30 8 02 7 07 U. S. 2s, ref. reg.100 do coupon 10G-;a do 3s. reg 110V4 do coupon lloy do new 4s. reg.. 1334 do coupon 138 ao oia 4s, reg. ..iid-fi, do coupon 113 do os, reg no do coupon ., . . .110 Dlst. Col. 3-C5s...l25! Atchison adj. 4s... !)3i C. & N.W. con. 7s140 do S F. deb. 5s.l24 D. & R. G. 4s. ...101 Gen. Electric 5s..lS5 N. T. Cent. lsts.. 107 Northern Pac. 3s. 73 do 4s inntf Oregon Nav. lsts.. 109 do 4s 104U Ore. Short Line 6s.l28 do con. 5s no Rio Gr. V lsts...l01; St. Paol consols... 192 " St. P. C. &'P. Istsll8 do 5s 120 Union Pacific 4s.. .105 Wis. Cent. lsts.... 91 West Shore 4s 114U Southern Pae. 4s.. 94 " Treasury Statement. WASHINGTON, May 1. Today's state ment of Treasury balances, exclusive, of the J150.000.000 gold reserve .in the division of redemption, shows: Available cash balance $156,494,20S Gold 96,767,053 THE GRAIN MARKETS. Prices of Cereals at American and European Ports. SAN FRANCISCO, May 1. Wheat and barley futures, steady; spot wheat, quiet; spot barley, easier; oats, quiet but firm. -The Produce Exchange had no afternoon session, owing to the funeral of a mem ber of the exchange. Wheat Choice, $101; milling, ?1 01 1 03. Barley Feed, 7577c; brewing, S0 83c. Oats Black for seed, $1 171 27; red. ?1 351 45. Call board sales: Wheat Steady; December, $1 05; cash, ?101. Barley Steady; December, 73c. Corn Large yellow, $1 171 20, Board of Trade and Stock Exchange Brokers GRAIN PROVISIONS STOCKS "J COTTON nOCGHT AKD SOLD FOR CASH CARRIED ON MARGINS OR 214-213 Chamber of Commerce Portland, Oregan Ex Interest. STOCKS. The total sales of stocks today were 2,750,000 shares. The closing quotations were: Atchison ..... do pfd .... Bait. & Ohio. Can. Pacific . Can. Southern 70 103 109 09: 70 48 1U8 37'i 71 I3Z ,Ches. & Ohio 'C. B. & Q Chi, Ind. & L... do pfd Chi. & East. 111.. Chicago & N. W..213 ., k. I. & .fac...n3 C C., C. & St. L. 85 v,oio. oouinern ... iu do 1st pfd 53 do -2d pfd 2G Del. & Hudson... .179 Del., Lack. & W..221". Dener & Rio Gr. 47 do pfd ,.. 95 Erie 41Glucose Sugar do 1st pfd 72 Gr. North, pfd.t.101! Hockine Valley .. 55 Illinois central ..147 Iowa Central 31 do.pfd ,-i 60 Lak Erie & W.... 66 do, pfd 124 EXPRESS on c Adams ...160 American igg United -fitates ... 87 Wells-Fargo ......147 MISCELLANEOUS. Ama, Copper 123V! Amer.. Car'&'F... 257 do pfd ....! 6 Amer. Lin. Oil..,. 13& do pfd gy Amer. Smelt. & R..81 do pfd 97a Amer. Tobacco '..127U. Cont. Tobacco do pfd Gen. Electric .40 .104 .220 63 Int. Paper 24 ao pia ..-..l.. 78 La Clede Gas 8414 National Biscuit .. 4t National Lead .,.. 1714 National Salt 44 do nfd ... ts INorth American .. 8794 Louis. & Nash HOUlPaclflc Coast an Manhattan El ... .12S Pacific Mail 40U Met. St. Ry 173 (People's Gas 118 iier. Central 28s: Minn. & St. Louis 86 ao pia - ..lua M.. K. & T 22-Ji do pfd era New Jersey Cent. 150 New XorKJCent...l09 Norfolk & West.. 54 do pia SB Northern Pacific. .115 Pressed Steel Car. 40 uu piu SU Pullman Pal. Car209 Union Bag & Pap. 13U. Sugar 147 Tenn. Coal & Iron. C5 U- S. Leather.,... 1S do pfd 78 U. S. Rubber..... 21 do pfd ...; 01 do pfd 101Western Union 80V. New York Grain and Produce. NEW YORK, May 1. Flour Receipts, 21,438 barrels; exports, 25,215 barrels; mar ket, fairlv steady. Wheat Receipts, 13,300 bushels; exports, 36,226 bushels; spot, steady; No. 2, 83c r. o. b. afloat; No. 2 red, '81c elevator; No. 1 Northern Duluth, 89c f. o. b. afloat; No. 1 hard Duluth, 91c f. o. b. afloat. Options opened firm and advanced on active covering, crop damaged rumors from longs, and hot weather, higher ca bles, big clearances, export rumors and outside buying. Closed c advance. May closed 80c; June, 79c; July, 79c; September, 77c. Hops Quiet. Wool Quiet. t'-2? Hides Steady. Chicago Grain and Provisions. CHICAGO, May 1. The movement of prices and the character of the trade ap parently confirmed the previously existing belief that May corn had been co'rnered. Phillips, who has engineered the deal, paid cash for 2,600.000 bushels, which were delivered to him on May contracts. Prices at the opening ranged from 49c to 4Sc, and in a few minutes touched 48c. Phil lips bia actively to check the decline re action. Scattered shorts, alarmed by this and further worried by strong cables, sought to cover and bid the market to 60 cents, "the high price for thedeflvery of the 1900 crop, by 11 o'clock. The bull lead er sold moderately at this jjrice; and . a sharp break to 49c followed,'' May closing lc higher, at 49c. Tne null .party nas been a heavy buyer of the, July option., and did much in advancing that delivery today. Jul' corn closed "c higher. An undertone of considerable strength' was observed in the wheat market, al though the best prices were'-npr. held Xo the end of the session. May was sold lib erally by longs, but their holdings went to strong hands. The advances tempted realizing, which accounted for the reac tions. July wheat closed c higher; May, c higher. The corn strength and the continued de mand from elevator Interests were fac tors In nats.. Trade wae active through out the day. May oats opened at 2627c, and under the frightened bidding of shorts 73 74 CORN. .. 48 50 .. 45 4G .. 45 45 OATS. .. 20 28 . . 20 26 MESS PORK. ..14 BO 14 85 ..14 70 15 02 LARD. . . 8 02 . 8 15 .. 7 07 8 07 .. 705 8 07 SHORT RJBS. ..8 20 8 30 .. 7 00 8 02 . . 7 87 7 97 Cash quotations were as follows: Flour Steady. Wheat No. 3 Spring, 7173c; No. 2 red, 7475c. Corn No. 2, 49c; No. 2 yellow, 49c. Oats No. 2, 28c; No. 2 white, 29c; No. 3 white, 2829c. Rye No. 2, 5354c. Barley Good feeding, 45c; fair to choice malting, 5157c. t Flaxseed No. 1, Jl 70; No. 1 Northwest ern, $170. Timothy seed Prime, ?3 75. Mess Pork Per barrel, $14 8514 90. Lard Per 100 pounds, J8 178 20. Short ribs sides Loose. '$8 15S 40. Dry-salted shoulders Boxed; 67c. Short, clear sides Boxed, $S 37g8 50. Clover Contract grade, $10 50. Butter Market easy; creameries,' U 18c; dairies, ll17c. Cheese Dulr. 9llc. v' Eggs Weak; fresh, llc. ' Receipts. Shipm'ts. Flour, barrels . 47.000 "Wheat, bushels 07.000 Corn, bushels 260,000 Oats, buhels 4461000 Re. bushels 12,000 Barley, bushels 23 000 41.000 317.000 186,000 308,000 2.000 14,000 I 11; best barley, $9 50: alfalfa; 79 50: compressed wheat, $Sgl3 per ton: straw. 4047c per bale. Potatoes River Burbanks, $11 25; Ore gon Burbanks. Jl 401 75; Early Rose, 85c$l; sweet, 50G3c. Onions $34. Vegetables Green peas. ?1 25 1 10; string beans, 6(g9c per pound; asparagus. ?1 S5&2 per box. Citrus fruit Common California lemons. 75c; choice, ?2 25; navel oranges, ?12 a per box; Mexican limes. $4 50. Bananas $1 502 50 per bunch. Pineapples $2 50S3 50 per dozen. Green fruits Apples, choice, $1 50 per box: common, tl 00 per box. Poultry Turkeys, gobblers, 9llc; do hens, 12ifl3c per pound; old roosters. $3 50 4 00 per dozen; young roosters, J7 0Ji 10; fryers. Jo Ki6 00: hens. $4 004 50 per 'doz en; small broilers, $2 252 75; large do, $4 4 50; old ducks. $56; geese, 51 251 50 per pair. Eggs Store, 13c; ranch, 15c. Butter Creamery. 16c; dairy, 15c. Cheese Calif orrjia. full cretm. ac; Young America, 10c; Eastern, 1416c. Receipts Flour, quarter sacks, 2045; Ore eon, 17.974; barley, centals. 1930; oats, cen tals, 500; corn, centals. 35; potatoes, saclss. 176G; bran, sacks, 2100; middlings, sacks, 175; hay. tons, 336; wool, bales, 139; hides, 183; wheat, centals, 360. Grain In Europe. LIVERPOOL, May 1. Wheat firm: No. 2 red Western winter, 6s; Northern spring, 6s ld; No.l California, , b ha's extended t0' about everything' -Spot. NO. 1 The Metnl Markets. NEW YORK, May 1. The local tin mar ket scored a further advance today. Af ter a slow trade the local market closed steady In tone at $25 7526 15. The stock of tin posted today shows the American visible supply to be 8332 tons. Copper was steady and a shade easier under liquidation, and closed at un changed prices. Exports of copper for the month of April amounted to 4923 tons, the smallest since 1893. The total for four months to date ls 28,987 tons, or 28,167 tons less than the same months for the same period a year ago: Lead was dull and unchanged he,re. Spelter was easier, closing at $44 05- Pig Iron .warrants, unchanged. Bar silver 59c. SAN FRANCISCoTilay 1. Bar silver 59c, LONDON, May 1. Bar silver 27 3-16d. "Wool Market Steady. BOSTON, May 1. The American Wool and Cotton Reporter will say tomorrow: The tone of the wool market has con stituted a quiet but generally very steady business. The demand, such as It has 6s 2d. Futures, steady; July, 5s lld; September, 5s lid. Corn Spot, steady: American mixed, new and old, 4s 5d. Futures, quiet; May, nominal: July, 4s d; September, 4s d. LONDON, May 1. Wheat cargoes on passage quiet and steady: cargoes Walla Walla, 30s; English country markets gen erally 6d dearer. LIVERPOOL, Miy 1. Wheat and flour In Paris quiet. French country, markets part cheaper. EASTERN LIVESTOCK. CHICAGO, May 1. qattle Receipts, 18. 000, including 300 Texans; steers, active to steady; good to prime steers, ?4 955 90; poor to medium, $3 904 90; stockers and feeders, $34; cows. $2 654 60; heifers. $2 704 80; canners, $22 60; bulls, J2 S5(ftf 4 40; calves, $45; Texas fed steers, $4 25 5 40; grassers. ?3 504; Texas bulls, ?2 75 3 85. Hogs Receipts today, 30,000; tomorrow, 25,000; left over, 3500; market opened weak, closed steady; top, $5 87; mixed and butchers, $0 555 S5; good to choice heavy, J5,65i?5 87; rough heavy, $5 505 60; light, ?5 505 77; bulk of sales, $5 705 80. Sheep Receipts, 1700; sheep, weak; Iambs, slow; clipped lambs, $4 75; good to choice wethers, 54 254 65; fair to choice mixed, ?4 104 40; Western sheep, $4 30(8- 4 65; Texas sheep, yearlings, $4 354 65; native lambs, ?4 355 25; Western lambs, J4 505 25. KANSAS CITY, May 1. Cattle Re ceipts, 6000. Market, steady to easy; Tex as steers, $4 155 00; Texas cows, $2 75 4 00; native steers, ?4 505 50; native cows and heifers, $3 755 CO; stockers and feed ers. $3 7S5 10; bulls, $3 404 80. Hogs Receipts, 17,000. Markt, 25c lower; bulk of sales, $5 60?5 10; heavy, $5 705 77; packers. ?5 655 75; mixed, .$5 605 75; lights, $5 S05 65; yorkers, $5,25 IBS 60: Digs. $.4 25S5 20. Sheep Receipts, 5000. Market, steady; lambs, $4 505 00; muttons. ?4 004 75. The sales for the week In Boston amount ed to 3,160,000 pounds domestic and 417,000 pounds foreign, making a total of 3,557,000, against a total of 3,281,000 for the previous week. The sales since January 1 amount to 79,800,000, against 53.6SO.000 for the corre sponding time last year. Decline In Iron. LONDON, May 1. A reduction of 1 per ton In South Staffordshire marked iron was announced today. The price ls now 8 10s, within 1 of the price before the boom. The step is attributed to the se vere depression in all branches of the Iron trade. The manufacturers are hopeful that the coal tax will reduce the price of local fuel. Coffee and Sugar. NEW YORK, May 1. COffee Spot Rio, steady; No. 7 Invoice, 6c; mild, dull; Cordova, 812c. Futures closed steady with prices unchanged to-5 points lower. Total sales; 12.000 bags, including May, $5 25; June, Jo 35; July, $5 45; August, $5 50; September. J5 505 60. Sugar Raw, strong; fair refining, 3c; centrifugal, 96 test, 4c; molasses sugar, 3c; refined, firm. Wool at St. Louis. ST. LOUIS. May 1. Wool Slightly low er; territory and Western medium, XVd 15c; fine, 1416c; coarse, 1013c. Cotton at New York. NEW YORK, May l.-Cotton closed dull, unchanged, to 3 points higher. Dental College Commencement. The sixth annual commencement exer cises of the North Pacific Dental College will be held in the assembly hall of the High School this evening at 8. The' pub lic is invited. Following ls the programme: Prayer Rev. "Irish Folk Song" Mrs. Annual address Dr. J. Mr. Simpson Walter Reed R. Cardweil Dom Zan OMAHA. May l.-Cattle-Recelpts, 3500; , ,fS " r,L .11 .market, steady to 10c lower; native beef 1 :...T.t. .."...PT H. OvConnoV;' dV'-M." D steers, $4 255 40; Western steers, $44 SO; I Valedictory.. Rudolph E. Schenk. D. M. D, Texas steers, ?3 504 25; cows and Heifers, I "Forgotten" Mrs. Walter Reed $3 404 60; canners. $23 25; stockers and feeders, $3 255 40; calves, $36 50; bulls and stags, ?2 754 75. Hogs Receipts, 11.600; market, steady: closed strong; heavy, $5 655 75; mixed, $5 62(g5 65: light, ?5 605 62; bulk of fsales, ?5 625 65. heep Receipts, 4200; market, weak to 10c lower; yearlings, $4 204 70; wethers, 44 204 50: common and choice sheep, $3 75 3 90; lambs, $4 254 95. SAN FRANCISCO MARKETS. SAN FRANCISCOT May 1. Wool Spring Nevada, 1012c; Eastern Oregon, 1012c; Valley Oregon, 1315c; Fall Mountain lambs, 78c; San Joaquin plains, 67c; Humboldt and Mendocino, 910c Hops Crop of 1900. 1520c Mlllstuffs Middlings, J17 5019 50; bran. $1617. Hay Wheat, J913: wheat and oats. 59(3 Benediction Rev. Mr. Simpson Members of the senior class are: Carey Howard Jenkins, Rudolph Edward Schenk. William Warjren Shartel. Nels Anton Swanberg, Achilles Shannon Esson, Will iam Cavanagh, Frank Q. Freeburger, Da vid Joseph Kertchem, Alfred Pitt Watson, James Henry Stewart. Class officers are: President, C. H. Jen kins; vice-president, D. J. Kertchem; sec retary, W. W. Shartel; treasurer, A. P. Watson; valedictorian, R. E. Schenk. BUSINESS ITEMS. If Baby Ii Cnttlnjr Teetb. Be sure and use that old and wtlMrled remedy, Mrs. "Wlnalow's 8oothlns Syrup, tar children teething. It soothes the child, softens the gums, allays all pain, cures wind colic and diarrhoea. It's a mistake to go on losing appetite apd strength. Hood's Sarparilla cor rects it. Rooms. A1NSLIE. DR. GEORGK. Physician.. .608-600 ANDERSON. GTJSTAV. Attorney-at-LaWfllS ASSOCIATED PRESS: E. L. Powell. Mgr..808 AUSTEN, F. C. Manager for Oregon and "Washington Bankers' Life Association, of Dea Moines. la. 002-303 BANKERS' LIFE ASSOCIATION, OF DE3 MOINES. IA.: F. O. Austen. Mgr.... 502-003 BAYNTUN. GEO. R.. Manager for Chas. Scrlbners Sons .....013 BEALS. EDWARD A. Forecast Official U. S. Weather Bureau 0W BENJAMIN. R. W.. Dentist 314 BINSWANGER. DR. O. S.. Pby3. & Sur.410-11 BROWN. MYRA. M. D 313-3H BRUERE, DR. G. E.. JPhyslclan... 412-413-414 BUSTEED. RICHARD SOS CANNING. M. J 602-603 CAUKIN. G. E.. District Agent Travelers Insurance Co ...................718 CARDWELL. DR. J. R 5W CHURCHIXL. MRS. E. J. T10-71T COFFEY. DR. R- C. Phys. and Surgeon...709 COLUMBIA TELEPHONE COMPANY...- , C04-605-60C-6O7-613-614-S15 CORNELIUS. C. W.. Phya and Surgeon...20J .COVER. F. C Cashier Equitable Ufa 306 COLLIER. P. F.. Publisher: S. P. McGulw. Manager .......415 DAY. J. G. & I. N 31 DAVIS. NAPOLEON. President Columbia Telephone Co 6T DICKSON, DR. J. F.. Physician 713-7M DWYER. JOE E.. Tobaccos -03 EDITORIAL ROOMS Eighth Floor EQUITABLE LIFE INSURANCE S0CD3TY- L. Samuel. Mgr.: F. C. Cover, Cash!er....30C EVENING TELEGRAM 323 Alder street FENTON. J. D.. Physician and Surg. .300-310 FENTON. DR. HICKS C. Eye and Ear...511 FENTON. MATTHEW F., Dentist... 009 GALVANI. W. H.. Engineer and Draughts man coo GAVIN. A.. President Oregon Camera Club 2U-213-21Q-21T GEARY. DR. EDWARD P.. Physician and Surgeon - 212-213 GIES1'. A J., Physician and Surgeon.. 700-710 GILLESPY. SHERWOOD. General Agent Mutual Life Ins. Co 404-405-400 aODDARD. E. C & CO.. Footwear....... ....Ground Floor. 120 Sixth street GOLDMAN. WILLIAM. Manager Manhat tan Life Ins. Co.. of New York 200-210 GRANT. FRANK S.. Attorney-at-Law BIT HAMMOND. A. B 310 HOLLISTER. DR. O. C. Phys. & Surgr.504-300 IDLEMAN. C M.. Attorney-at-Law..41C-17-M JOHNSON. W. C. 315-J10-31T KADY. MARK T.. Supervisor of Agents Mutual Reserve Fund Lite Ass'n.... 604-003 LAMOXT. JOHN. Vice-President and Gen eral Manager Columbia Telephone C0.....6M L1TTLEFIELD. H. R.. Phys. and Surgeon .200 MACKAY, DR. A E.. Phys. and Surg..711-712 MANHATTAN LIFE INSURANCE CO., or New York: W. Goldman, manager. ...200-210 MARTIN, J. L. & CO.. Timber Lands. ...C01 McCOY. NEWTON. Attorney-at-Law 715 McFADEN, MISS IDA E.. Stenographer..20l McGINN. HENRY E.. Attorney-at-Law. 311-12 McKINNON. J. D.. Turkish Baths..300-301-302 McKENZIE. DR. P. L.. Phys. and Surg.512-13 METT. HENRY 21S MILLER. DR. HERBERT C Dentist and Oral Surgeon 608-600 MOSSMAN. DR. E. P.. Dentist.... 312-313-314 MUTUAL RESERVE FUND LIFE ASS'N; Mark T. Kady, Supervisor of Agents. 604-603 Mcelroy, dr. j. g.. Phs. & sur.701-702-703 McFARLAND. E. B.. Secretary Columbia Telephone Co 60a McGUIRE. S. P.. Manager P. F. Collier, Publisher a MUTUAL LIFE INSURANCE CO., of New York; Sherwood Gillespy. Gen. Agt... 404-8-8 NICHOLAS, HORACE B.. Att'y-at-Law..715 NILES. M. L.. Cashier Manhattan Llfo In surance Co.. of New York 200 OREGON INFIRMARY OF OSTEOPATHY; Dr. L. B. Smith, Osteopath... 408-400 OREGON CAMERA CLUB.....214-215-210-21X PACIFIC CHRISTIAN PUB. CO.; J. F. Ghormley. Manager 013 PORTLAND EYE AND EAR INFIRMARY .-Ground floor, 133 Sixth street PORTLAND MINING & TRUST CO.; J. H. Marshall. Manager ......013 QUIMBY, L. P. W., Game and Forestry Warden 40T ROSENDALE. O. M.. Metallurgist and Min ing Engineer 510-010 REED & MALCOLM. Opticians... 133 Sixth at. REED, F. C. Fish Commissioner ....40T RYAN, J. B.. Attorney-at-Law .... 41T SAMUEL. L., Manager Equitable Life. ...308 SHERWOOD. J. XV.. Deputy Supreme Com mander K. O. T. M. .01T SLOCUM. SAMUEL C. Phys. and Surg.. .700 SMITH. DR. L. B.. Osteopath 408-400 STUART. DELL, Attorney-at-Law.... 617-618 STOLTE. DR. CHAS. E.. Dentist 704-705 SURGEON OF THE S. P. RY. AND N. P. TERMINAL CO .T00 STROWBRIDGE. THOMAS H.. Executive Special Agt. Mutual Life of New York.. 400 SUPERINTENDENT'S OFFICE 201 TONTINE SAVINGS ASSOCIATION, Min neapolis; J. F. Olsen. State Agent; S. M. Allen. Cashier - ..211 TUCKER. DR. GEO. F.. Dentist.. ....610-611 U S. WEATHER BUREAU... 007-008-009-810 u! S. LIGHTHOUSE ENGINEERS. 13TH DIST.; Captain W. C. Langfltt, Corps of Engineers. U. S. A , 803 U. S. ENGINEER OFFICE. RIVER AND HARBOR IMPROVEMENTS; Captain W. C. Langfltt. Corps of Engineers. U. S. A..810 WATERMAN. C. H.. Cashier Mutual Ufa of New York 400 WILSON. DR. EDWARD N.. Physician and Surgepn .............304-305 WILSON. DR. GEO. F., Phys. & Surg.700-70T WILSON. DR. HOLT C. Phys. & Surg.507-308 WOOD, DR. W. L.. Physician 412-413-414 WILLAMETTE VALLEY TELEP. CO. 6U A fe-rr more elegant offices may be had by applying to Portland Trnst Company of Oregon, 10O Third at., or of the rent clerk In the linildlnc. IT IS A CRIME TO BE WEAK. Pverv Weak man or woman can be re- ttnred to nerfect health and vitality b i Broner anolication of Electricity. Dr." Bennett.the great Electrical authority, has written a book, which he sends free, postpaid, for the asking. His Electric Belt and Electrical Suspen sory are the only ones which do not burn and blister and which can be re newed when burned out. Guaranteed to curs Varicocele. Lost Vizor and VI tHtv Ifldnev. Liver and Stomach Disorders. Constipation, etc. Write for took today DR. BENNETT Electric Belt Co. 8 to 11 Union Block. Denver, Colo. MEN No Curo No Pay THE MOUEUN APl'LIANlK. A pulUv way to Derfect munhoud. 'iba VACUOit TREATMENT cure you without inodlciaa of all nervous or di.-ira.-tca oL tbo generally or gans, such aa lodt- manhood. exhuutlvo drains, varicocele. Iinpotency, etc. Men arc uulckly re stored to perfect health And utrengtti. Writ for circulars. Correspondence confidential. THE HEALTH APPLIANCE CO. room 47-40, Baft Deposit Old:.. Seattle. Wh.