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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 16, 1901)
THE MORNTNCT OBEGOTTTAN. THURSDAY, MAY 16 ' 1901. ' II G0MMER61AL AND In the local markets yesterday pack age coffee declined 12c per hundred. Bees -were weak and ''dull. Ketallers -would welcome lower prices, and .seem to be folding off in expectation of a. decline. Only small quantities are 'being- shipped out or stored, and as receipts are large the product falls heavily on the local market. Butter Tvas firmer, broken lots of best grade being quoted higher by several dealers. Potatoes -were steady. Best product are getting scarce and ship ments to California have been falling off considerably. Poultry was -firm, at a slight advance. The depleted xegetable market will be replenished this morning by fresh pro duce from California. Oregon vegetables are coming in more liberally, peas being the latest aeauisltlon of the market. Ore gon and California strawberries are in strong demand. Several crates from The Dalles" sold for 25c per box. Salem sent In asparagus that -was the best seen here this year. Navel oranges are almost out of market, and their place Is taken by Mediterranean sweets. Veal Is firmer Tinder5 a reaction from last week's sur feit. Clearing: House Statement. Clearings. Balances. Portland ?358'?S Tacoma .................... 179,585 Seattle 327,364 Spokane 279,324 ?S7,60i 19.642 87.176 68,070 PORTLAND MARKETS. Grain, Flour, Etc. The wheat market was showing consid erable strength in the East yesterday, New York gaining a cent on the day. Pacific Coast markets remain stationary, the strength In freights absorbing all of the advance which might otherwise ac crue. Quotations are nominal at 59c for "Walla "Walla, but there Is nothing selling at this figure and no particular Incentive for buyers to increase it. Forty shillings is now asked for new-crop ships, and this is inclined to hamper business. This figure may be justified by the statistical position, but exporters do not seem In clined to admit that it is. Crop prospects continue jexcellent in the Northwest, "Wheat Walla "Walla, nominal, E9c; bluestem, 6162c; Valley, nominal. Flour Best grades, $2 903 40 per barrel; graham, $2 60. Oats White, ?1 301 3$; gray, $1 27&1 30 per cental. Barley Feed, $1701725; brewing, 517 17 25 per ton. Mlllstuffn Bran. $17 per ton; middlings, $21 B0; shorts, $20: chop, $16. Hay Timothy, $12 5014; clover, $79 SO; Oregon wild hay. $67 per ton. Groceries, Xntm, Etc. Coffee Mocha, 23S2Sc; Java, fancy, 26 S2c; Java, good, 20(g24c; Java, ordinary, 1620c; Costa Rica, fancy. 1820c; Costa Rica, gooa, 16lSc; Costa Rica, ordinary, 10&12c per pound; Columbia roast, $11 75; Arbuckle's, $11 13; Lion, $11 13 per case. Rice Island, 6c; Japan, be; New Or leans, 45c; fancy head. $77 50 per sack. Sugar Cube, $6 50; crushed, 36 75; pow dered, $6 10; dry granulated, $5 90; extra C, $5 90; golden C, $5 40 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 25g2 50; fancy one-pound flats, J22 25; &-pound faacy flats, $110130; Alaska tails, $1125; two-pound tails, $1 902 25. Grain bags Calcutta, $7 per 100 for spot. Cool oil Cases, IS&c per gallon; barrels, 15c; tanks. 13&C. Stock salt 50s, $14 75; 100c, $14 25; granu lated. 50s, $20; Liverpool, 50s, $21; 100s, $20 50; 200s, $20. Nuts Peanuts. (7c per pound for raw, 9c for roasted; cocoanut, 90c per dozen; walnuts, 10llc per pound; pine nuts, 15c; hickory nuts, 7c; chestnuts, 15c; Brazil, llo; filberts, 15c; fancy pecans, 12 14c; almonds, 1517$c per pound. Vesrctobies Fralti, Etc. 'Vegetables--Onlons, Oregon, $3 504 50; California reds, $2, cabbage, $1 6031 75 per cental; potatoes, 90c$110 per sack; new potatoes, 242c per pound; celery, 75 S5c per dozsn; tomatoes, $22 50 per box; asparagus, $1 per box; rhubarb, l2c per pound. Fruit Lemwna, choice, $2; fancy, $2 50 2 75; oranges, $1 752 50 for navel. $1 50 1 75 for seedlings, per box; pineapples, $4(g'4 50 per dozen; bananas, $2 25(g'3 per bunch; Persian dates, 6c per pound; ap ples, $22 50; strawberries, California, $1 50 per crate; Oregon, 25c per box. JDrled fruit Apples, evaporated, 65c per pound; sun-dried, sacks or boxes, 2 4c; pears, S9c; prunes, Italian. 57c; sli ver, extra choice, 5(g7c; figs. California blacks, 5c; figs, California white, 57c; plums, pitless, white, 78c per pound. Batter, Egrgrs, Poultry . Etc. Butter Fancy creamery. 1517Jc; dairy, ISig'Wc; store. ll12&c per pound. Eggs 1213c per dozen. Poultry Chickens, mixed, $3 5034; hens. $45; dressed, ll12c per pound; Springs, $35 per dozen; ducks, $5 006 00; geese, $6(37 per dozen; turkeys, live, 10 12c; dressed. 1315c per pound. Cheese Full cream, twins, 1313&c; Toung America, lS&14c per pound. Meat and Provisions. Mutton Lambs, 4&5c per pound, gross; dressed 7Sc per pound; best sheep, weth ers, gross, witn w ooi, $ 2d&4 50: sheared $3 503 75; dressed, 67c per pound. ' Hogs Gross, heavy, $5 756; light, $4 75 Be; dressed, 77Hjc per pound. Veal Smal, Stg'SJic; large, 7JfSc per pound. "pf - " p Provision Portland pack (Shield Brand) hams. lc; picnic, 9c per pound; breakfast bacon, 15H:(gI6S4c per pound; ba con, 12c per pound; backs, U?ic; dry salted sides. ll?6c; dried beef, setts, 15c; knuckles. 17c; lard, 5s. 12c; 10s, llc; 50s, U&c; tierces, llttc; Eastern pack (Ham monds), hams, large. 12?Jc; medium 13o; small, 13&c: olcnic. 10&c; shoulders, 10&c; breakfast baron. 1416c; dry salted sides, 10;12c: bacon sides, lll3c; backs, 12Hc: butts, 21ic; lard, pare leaf, kettle rendered, 5s, 12c; 10s, llc; dry salted bel lies. ll&13c: bacon bellies, 12fc14c; dried beef, 1614c. Beef Gross, top steers, $55 25; cows and heifers, $4 504 75; dressed beef, SH Sftc per pound. Hops, "Wool. Hides, Etc. Hops 1214c per pound. Wool Valley, ll13cf Eastern Ore gon, 710c; mohair, 20fi"21c per pound. Sheepskins Shearlings. 15'S'20c: snort wool, 2535c; medium-wool. S050c; long wool. 60c$l each. Tallow 3c: No. 2 and grease. 24T2tc per pound. Hides Dry hides. No. 1. 16 Bounds and upwards. 1415c; dry kip. No. L 5 to 16 pounds. 14l5c per pound; dry calf No. 1, sound steers, 60 pounds and over, 7Sc; do, 50 to 60 pounds. 77c; do under 50 pounds. Gu.c: kip. 10 to 30 pounds. 6& 7c; do veal. 10 to 40 pounds, "c: do calf, under 10 pounds 7"Sc: green (unsalted), lc per pound less; culls (bulls, stags. moth-eaten, badly cut, scored, hair slipped, weather-beaten or grubby), one third less. Pelto Bearskins, each, as to size, $5 20; cubs, each. $2g5; badger, each, 1040o; wildcat. 2575c; house cat. 520c; fox, common gray, 3050c; do red. $1 502: do cross, J5515; lynx, $23; mink. S'cSTSl 26; marten, dark Northern. $6312; do pale pine. $1502; muskrat. 510c: skunk. 25 35c; otter (land). $5S7; panther, with head and claws perfect. $2r5; raccoon, 305?35c; wolf, mountain, with head perfect $3 50 5: prairie wolf or coyote, 6075c; wolver ine. $47; beaver, per skin, large. $56; do medium, per skin $37; do small per skin, $l2i do kits per skin, 5075c XEW YORK STOCK MARKET. Speculation Recovered From the De pression With Good Gains. NEW TORK. May 15. The stock mar Tt showed symptoms of relief late to-das- and recovered from its early acute oppression, rising strongly over last night's level and establishing substan- I FflNANeiAL MEWS tial net gains in the majority 'Of stocks. At-one tline- prices had declined In a fairly sensational manner, the loss from last night's level extending from, three to ten points in a large number of im portant stocks. Northwestern had lost. 9; General Electric, 9; Cleveland,. Cin cinnati, Chicago & St. Louis, 7: Lako i Erie & Western, 7; Union Pacific and Missouri Pacific, 6; Consolidated Gas, 5; Delaware & Hudson, 5; New York, Chicago & St. Louis second preferred and American Tobacco, 5; Amalgamated Copper, 5; Denver & Rio. Grande, 55i; Louisville, Manhattan and People's Gas, 3&, and many other of the standard railroad stocks as much as three points. The level of net gains at the highest Is the more remarkable considering the acute weakness earlier In the day. They reached In Rock Island, 7 points; St. Paul, 5; Atchison, W. Burlington, 4; Bal timore & Ohio, 3, while the net gains as a rule were all the way from a frac tion up to three points. These gains were only slightly yielded at the last, which was Ann and active at about the top. This strong recovery seems puzzling in face of the extreme sensitive ness of the early market. The progress of the liquidation which caused the early weakness wxs in itself a relief to the situation. It gave growing assur ance of the solvency of stock exchange houses who were emerging from any dan gers that may have beset them by the rapid conversion of their resources into cash assets. It was the fears that this could not bo safely done which overhung the mar ket yesterday. .The more of It that was accomplished the less remained to do. The fact began to grow clearer also that speculative accounts In the stock market In safety were all that had been affected by last week's slump. There remained some holders with borrowed funds whose loans were not sufficient to protect their holdings by additional security or to take them up outright. The selling out of this class was still In evidence this morning, and no effect ive support was in ihe market to help them. The opening gains in sympathy with the higher prices In London were quickly wiped out by this sudden liquida tion. The selling came at spasmodic in tervals, and for the greater part of the day no effective buying was evident. On the sucoes'slve down grades there were some buying orders, met, but they did not follow the market upward until the last rally set in. When it became evident that the urgent liquidation had spent its force and' that there was a large reserve force behind the rally, the buying orders grew in volume. The announcement of gold exports to the extent of $2,200,000 and the weekly crop bulletin of the government weather bureau reporting the growth of the crops retarded by the unseasonable weather helped the early depression. So did the rather alarming reports as to the outcome of payday today In the London Stock Exchange settlement. There was a call today for the payment of 10 per cent, of the $50,000,000 underwriting sub scription for the Burlington purchase, and next Monday there will fall due a 25 per cent. Instalment on the Union Pa cific bond subscription which will neces sitate provision for about $10,000,000. But these developments -were principally sen timental, as the money market showed growing ease with the progress of the stock market liquidation. The prospectus of the Russian loan Issued in Paris to day and providing for subscription by Installments gives some assurance against money market pressure on that account. There was a perceptible growth of con fidence also that the hostilities precipi tated In the struggle for control of Northern Pacific would be in some man ner adjusted. With the relaxation of the liquidation it was comparatively easy for friends of stocks to bid up their prices again without encountering im portant selling, and the iate recovery was largely due in its early stages to pure manipulation of this kind. The bond market did not fully recover from its early weakness. Business was moderately active. Total sales $4,900,000. United States threes advanced per cent on the last call. U. S. 3s, reg 109 do coupon 109 Northern Pac 3s.. 71 do 4s 103 Oregon Nav. lsts.. 109 do 4s 103 Ore. Short Line Os.127 do con. 5s 117 Rio Gr. W. lsts.. .100 St. Paul consols. ..100 ao new 4s, reg..l3S do coupon 138 do old 4s, res... 113 do coupon 113 do coupon 108 Dist- Col. 3-05s.125 St. P. C. & P. Istsll8 Aicmson aaj. s.. 03 C. & N.W. con. 7b141 do Os 11056 Union Pacific 4s.. .105 do S. F. deb. 5s.l20 Wis. Cent. lsts.... 8S"fc JJ. & it. U. 4S....101U) Gen. Electric Bs..l85 N. Y. Cent. lsts.107j West Shore 4s 114 Southern Pac 4s.. 02 STOCKS. TheTtotal aales of stocks today were 1,463,600 shares. The closlnr quotations were: Atchjfeon 70Wls. Central 18 do pfd 04 do pfd 40 Bait. & Ohio 08 EXPItESS CO.'S. Can. Pacific 103 M-dams 17c tw. soutnern ... 65 .American 185 Ches. & Ohio 47itJnlted States .... 70 l' . K JS- O IflJT.'WAlle.TT'at-c.A C, B. & Q 104 Wells-Fargo 160 Chi., Ind. & L.... 29 dp pfd 07 Chi. & East. 111.. 118 Chicago & N. "W..1D5 C, R. I. & Pac.148 C.. C, C. & St. L. 77 MISCELLANEOUS. Amal. Copper 109 Amer. v;ar t . zju do ufd 7G lAmer. Linseed Oil. 20 'a 00 pfd 48 Amer. Smelt. & R. 54 uoio. Southern .. 12 uu jbl pia. ...... 40 do pfd 05 do 2d pfd 20Amer. Tobacco .121 u. & Hudson... .154 Anaconda M. Co... 44 Brooklyn R. T 72 Del., Lack. & "W..200 Denver & RJn Or. 411 Colo. Fuel & Iron. 00 Cont. Tobacco ..... 63 I do pfd 105 Gen. Electric 21 do pfd .... OOU Erie 33 uo -i5i pia. ...... 00 Gr. North, pfd... 172 Hocking Valley .. 40 Illinois Central ..133 Iowa Central 26 Int. Paper 20 do pfd 7414 La Clede Gas 80 National Biscuit .. 41U uo pia ......... 00 Lake Erie & W... 53 do pfd 115 Louis. & Nash.... OOVJ Manhattan El ...110 (National Lead 15ft iu.uonai oait 4Z do pfd 75 Pacifld Coast 58 Pacific Mall 33 People's Gas 108W Met. St. Ry 157 aiex. central 2 Pressed Steel Car. 42 uinn. & fet- Louis 82 do pfd 2 Missouri Pacific .. OSVilPullman Pal. Car.lflR M.. K. & T 25jSugar 142 do pfd 54WlTenn. Coal & Iron. 53 New Jersey Cent. 155 jUnlon Bag 121 New York Cent.. .148) do pfd mil Norfolk & "West.. 49iU. S. Leather 12 do pfd S6 do pfd 75 Northern Paclflc.138 U. S. Rubber 20 do pfd 07 1 do pfd 01 Ontario & SVest... 30U. S. Steel 42 fcuutjivmua .,..njy( uo pia yuy ueaaing 3ivestern union ... 00 do 1st pfd 72ChI. Term. & T... 2H do 2d pfd....... 46l do pfd 42 St. Louis & S. F.. 43lBalt. & Ohio pfd.. 00 do 1st pfd SO IChl. Gr. "Western.. 10 do 2d pfd 63 do pfd A 76 St. Louis S. W... 31 I do pfd B 45 do pfd 68 JErle 2d pfd 40 CULLISONaCO. Board of Trade and SUck Exchange Brokers GRAIN PROVISIONS STQCKS'j COTTON IIOCGHT AXD SOLD FOR CASH CARRIED OX MARGINS OR 214-215 Chamber of Commerce Portland, Oregvn HocklBff Vy. pfd.. TS Hex. national ..... iwa southern pacinc. 4B Southern Ry 27 iTol.. St. L. & W.. 17 do PHI 32R P. C. C & St. X. 60 Con. Gas 206 do pfd 80i Texas & Pacific... 43 Union Pacific 106' do pfd DO: Wabash 17 Hocklnff Coal .... lu Republic Steel do pfd Kevr Tork Stocks. These quoations are furnished by R. W. McKlnnon & Co., members of the Chi cago Board of Trade: 8 Q Wo 8. a : STOCKS. Anaconda Mining Co. Amal. Copper Co .... Atchison com Atchison pfd Am. Tobacco com .... Am. Sugar com Am. Smelter com .... Am. Smelter Pfd .... 43 44 111 43 44 109 70 94 121 142 54 95 98 90 72 37 76 19, 29 67 111 101 65 92 71 95 65 90 va 122 142 116 1ST 138 56 96 99 80 50 96 96 88 71 95 Baltimore & Ohio com. 95 88 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. & Qulncy.. Chi., MIL & St. Paul.. Chicago & N. W. com. Chi., R. I. & Pacific. New Jersey Central.... Chesapeake & Ohio.,,. Canada Southern Colo. Fuel & Iron com. Cont. Tobacco com Cont. Tobacco pfd Delaware & Hudson.. Del., Lack & Western. . D. & R. G. com D. & R. G. Dfd 72 6S 37 76: 38 3a 76 76 19 SO 67 20 30 6S 17 65 5S. 195 ;1S9 194 164V 195 148 154 146 193 141 156 189 148 156 190 140 155 155 45 65 90 54 47 65 90 51 43 65 87 47 65 90 54 al 104 152 105 104 147 105 154 209 155 207 Z14 207 41 . 90 41 91 33 48 66 38 q 33 49 65 "Erie com 32 30 Erie 2ds pfd Erie lsts Dfd 47 63 46 62 Illinois Central Louisville & Nashville. Met. Traction Co Manhattan Elevated... Mexican Central By.... 132 133 130 95 153 105 133 99 9934 99 158 108 159 157 110 111 22 97 80 23 99 80 22 22 98 .Missouri .Paclnc Mobile & Ohio Mo.. Kan. & Tex com. 90 80 23 51 SO 25 54 24 25 54 Mo., Kan. & Tex pfd. 51 .New YorK central , Norfolk & West. com.. Norfolk & West, pfd.. Northern Pficlflc com.. Northern Pacific pfd,. North American new.. N. Y., Ont. & Western. O. R. & N. com O. R. & N. pfd 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 U. S. Rubber pfd U. S. Steel Co. com.... u. S. Steel Co. pfd.... Wheel. & L. E. com Wheel. & U E. 2ds.... Wheel. & L. E. lsts.... "Wis. Central com Wis. Central pfd Western Union Tel Wabash com Wabash pfd 148 149148 148 49 86 138 100 80 30 42 76 48 86 51 87 47 86 138 140 103 103 99 80 til 30 78 29 30 143 143 108 141 143 108 105 103 42 82 42 82 41 82 42 82 200 ZOO 198 199 33 34 32 34 44 33 37 46 72 27 80 46 43 63 SO 43 53 36 37 46 47 73 71 69 24 78 41 27 so 45 43 64 80 42 81 46l 43 41 62 80 64 81 43 53 m 52 Ml 95 88 11 105 106 106 90. 12 75 91 E0 12 75 20 61 42 90 15 30 46 lS-Ji 4t 90 18 12 74 20 74 18 61 39 88 20 61 42 90 15 29 47 62 43 91 16 30 48 19 15 23 46' 17 la 41 90 41 90 39 68 17 31 17 20 33 34 33 Total sales, 1,456,200 shares. Money closed at 34 per cent. Foreign Financial NeTr. NEW YORK, May 15. The Commercial Advertiser's London financial cablegram says: Though business was again on a small scale on the stock market here today, the tone was brighter and much more hopeful, The settlement, which Is con cluded today, disclosed nothing of a seri ous nature. Many lame ducks, have been helped and six small firms will probably" succumb yet, but no such differences as have been anticipated by pesismlsts have developed. .American shares hesitated to open and then developed much confus ion on account of the departure of brok ers from the usual rule, and their deliv ery of stock direct to dealers, The open ing began wide with differences of "live points In the high-priced shares and two points in the cheaper Issues, but gener ally well above parity. St. Paul was th leader with an advance of six points Business, however, was a matter of ne gotiation. When New Tork opened with acceptance of London's lead, arbitrageurs appeared for the first time since the crash and be gan selling specialties heavily on a ru mor that there was a hitch in the nego tiations for a compromise of the Northern Pacific troubles. The close was heavy and nervous, with practically no dealing. Money, Exclinngre, Etc. NEW YORK, May 15. Money on call, 16 Der cent: last loans, 6 per cent. Prime mercantile paper, 44 per cent. Ster ling exchange easier with actual business in bankers' bills at J4 874 88 demand, and at $4 84 for 60 days. Posted rates, $4 S54 89. Commercial bills, ?4 S34 84. Silver certificates, 60c. Mexican dollars, 48q. Bonds Government, strong; state bonds, Inactive; railroad bonds, weak. SAN FRANCISCO, May 15. Sterling on London, 60 days, ?4 86; sterling on London, sight. $4 89. Drafts-Sight, 10; telegraph, 12. Mexican dollars, 4950c. LONDON, May 15. Consols, 94 3-10d. Treasnry Statement. WASHINGTON, May 15. Today's state ment of the Treasury balances In tho general fund, exclusive of the $150,000,000 gold reserve in the division of redemp tion, shows: Available cash balance ?157,714,685 Gold 97.154,507 StoclcM nt London. LONDON, May 15. Atchison, 70; Ca nadian Pacific, 104; Union Pacific pre ferred', 92; Northern Pacific t preferred, 105; Grand Trunk, 11; Apaconda. 9; United States Steel, 43; United States Steel preferred, 93. Gold for Enrope. NEW YORK, May 15. Goldman, Sachs & Co., and Heldelback, Ickelheimer & Co. will ship ?2,220,000 in gold by tomor row'ssteamer. THE GRAIN MARKETS. Prices of Cereals at American and Forelgrn Ports. SAN FRANCISCO, May 15. Wheat and barle steady and quiet In the spot mar ket. Oats firm. "Wheat No. 1 shipping, 98c; choice, 9Sc; milling, ?1 001 02. Barley Feed, 7576c; brewing, 82 85c. Oats Black for seed, $1 201 30; red, II 321 45. Call board sales: Wheat Steady; December l 03; cash, ?100. Barley Steady; December, 70c. Corn Large yellow, $1 271 32. Chicago Grain and Provisions. . CHICAGO, May 15. Weather conditions constituted the dominating influences in the wheat market, aided by steady cables. Under a rush of yesterday's short sellers to cover their lines on the failucs of promised heavy rains In the Southwest, July wheat opened a shade to c higher here, at 7171c. Offerings were unequal to 'the demand, and, helped by advices of free buying for export, the market steadily rose to" 714c At this point there was a moderate movement In profit-taking, and a reaction to 7171c followed. There wae a quick recovery. BL Paul ..., 1SHUI do pfd ,..KU howeyer, .and .the dose, was stromr; c higher, at 7171c Phillips bulled May oats from the" start today, bidding them up to 31c, high price of the crop. Crops over the greater part ef the South and Lower Missouri Valley are saio to have suffered from ,drought. May closed 2c higher, &C 30c; July closed c higher, at 38(?$38c. Provisions were dull and fairly steady in sympathy with corn. July pork closed 7c lower, and lard and ribs unchanged. The leading futures ranged as follows: WHEAT. Openlntr. Highest. Lowest. Closing. May July .O 70 ?U 71'A ?0 70ft $U 71 71 71 71 719 CORN. .. 54 , 60 . 44 45 . 44 45 OATS. . 27 31" . 27 28 . 20 28 MESS PORK. .I'4 60 14 GO .14 60 14 72 .14 45 14 52 - liARD.- May July September 54 44 44 58 45 44 May July September - 27 27 14 57 14 00' 14 45 26 May ....'. July September 14 57 14 70 14-47 May July September 7 00 780 : 7 02 . '7 87 7 00 . 7 00 v 7 02 7 87 TOO - SHORT RIBS. May t 802 ...... July ..,..'... ..-7 85 7 85- September .... 7 80 , 7 80 ...l.. -8 02 -7,82 ,Z85 7 77H n J HO.. Cash quotations were-as follows; Flour Quiet and steady. - Wheat No. 3 Spring, 6971crNo. 2 red, 7071. , ., Corn No. 2, 5258c; No. 2 yellow, 55( 6Sc. Oats No. 2, 2930c; No. 2 white, 31c; No. 3. white, 29c, . , Rye No. 2, 52c. BarleyGood feeding, 4852c,; fair to choice malting, 5366c. Flaxseed-No. 1, $173; -No. 1 North western, $1 73. - Prime timothy seed $33 55, Mess pork Per bbl., $14 6014 65. Lard Per 100 lbs.. $7 907 95. ' . Short ribs Sides (loose), $7 908 10. Shoulders Dry salted (boxed), $6 757. Sides-Short, clear (boxed), $8 128 25. Receipts. Shlpm'ts. Flour, barrels 43,000 . 10,000 "Wheat, bushels 00,000 600.000 Corn, bushels .32J.O0O " 450,000 Oats, bushels .' 388.000 270,000 Rye, bushels 8,000 131,000 Barley, bushels , 8,000 3,0l On'ihe produce exchange today the but ter market was. steady; creameries,, 14(g) 19c; dairies, ll16c. Cheesej 9llc. . ..,..' t ,. Eggs, steady, llllc. ' New York Grain and Produce, NEW YORK, May 15. Flour Receipts, 12,751 barrels; exports, -7329 barrels. Mar ket quiet . Wheat Receipts, 109,250 bushels; exT ports, 40,184 bushels. Spot steady; No. ! red, 82c f. o. b. afloat; No. 2 red, 82c elevator; No. 1 Northern, Duluth, 83c f. o. b. afloat; No. 1 hard, Duluth. 90c f, o. b. afloat. , Options opened steady and thereafter developed a strong undertone and active trade pn a bull corn market, scattering reports of an unfavorable nature from the Southwest, a "vigorous adjustment of over-sold accounts and a sharp rise at Paris. Closed strong atlllc net ad vance. May closed 81c; July, 77"78c, closed 78c; September closed 75c. Hops Steady. Hides Steady. "Wool Quiet. Grain in Enrope. LIVERPOOL, May 15. Wheat snot quiet. No. 2 red Western, 5s lld; Kfo. 1 Northern Spring, s Id; No. 1 Califor nia, 6s ld. Futures steady, July, 5s 10d; September, 5s 9d. Corn Spot quiet; American mixed new, 4s d; American mixed old, 4s JJd, Fu tures steady. July, 3s lldr September. 3s lld. , t ' t Wheat and flour at Paris quiet; French country markets quiet and steady Weather In England fine. j LONDON,-- May 16.- Whcat-i-cargoes on passage rather easier; Engljsh country markets weak. CORN .REACHED 00 CENTS. Forced! by Phillips, the Price Was the Highest in Nine Years. " CHICAGO, May 15-. Strength 'and ac tivity characterized the corn ''market, July opened c higher, at 44?444c, and immediately the price broke to U 44c. Almost as quickly It reacted, sell ing to 45c. This loss, too, was partly recovered, and the close was strong, c higher, at,45c. Mav corn was theatrical in behavior under persistent prompting by Phillips, the bull leader, and broke all records for the last nine years. The opening price was unchanged at 54c. Phillips- bid and got but little, although he did not stop until 60 cento had been reached. At this price Phillips is said to have accepted private settlements -from three houses for an aggregate 950,000 bushels. After the high point had been reached a quick reaction to 56c was recorded. This was followed by a harp rally to 59c and the close woe 4c higher, at 58c. Despite the higher bids made by Phillips only 120,000 ousneis were sold to him, and this quan tity, it was claimed, would- be actually delivered. It furnished ' evidence of the bull leader's hold on the .market, how ever, and thiSi combined with the falling off in receipts of contract corn alarmed shorts, and accounts for the alleged pri vate settlements made with him. at the top price. NO OUTSIDE STEEL TRUST. Rnmors Denied by John" W. Gates and John Lambert. NEW YORK, May. 15, John W.. Gates and Mrs. Gates sailed for Southampton today on the steamship St. Louis. Be fore sailing, Mr. Gates took occasion to deny again that he had been- short on Northern Pacific. Mr. Gatps' attention was called to a dispatch from Chicago stating that he was promoting a com bination of the outside steel concerns. It was. said that associated with him were John Lambert and Isaac L. Ell wood, and that the new company was to be a competitor of J. Plerpont Morgan's big trust. "That steel story is another hot-air yarn," said Mr. Gates. "You can ideny that right off the reel. I know nothing about combinations or stocks." John Lambert, an associate of John W. Gates in the American Steel & Wire Company, also denies that he and Mr. Gates are trying to effect a combination of Colorado Fuel, Tennessee Coal & Iron and other kindred companies. He said: "The Intimation that we seek to fight the .United States Steel Corporation Is manifestly abBurd, for the reason that we are largely Interested "in that cor poration. The only one of the com panies mentioned In the Western dis patches in which we are interested is .Colorado Fuel & Iron." We are in that company to do business and not to, fight United States Steel or sell out tg itv" EASTERN LIVESTOCK. CHICAGO, May 15. Cattle Receipts, 19,900. Steady to slow. Good to prime steers, $5 106; poor to medium 45; stockers and feeders, ?35 10; cows and heifers, $2 854 S5; canners, J2 152 80; bulls, $34; calves, -S3 75(55 25; Texas steers, $4 25430; bulls, $2T53 80. Hogs Receipts, 27,000; tomorrow, 30,000; left over, 3000. Closed strong. Mixed and butchers', $5 605 87; good to .choice heavy, $5 755 87; rough heavy, J5 60 5 TO; light. $5 505 80. Sheep Receipts, 12,000. Strong to 10c higher; lambs, 1015c hjgher; top 'clipped lambs, 45; good to choice wethers, $4 25 4 50; fair to choice mixed, ?44 25; West ern sheep, $4 304 50; yearlings. $4 40 4 65; lambs, $4 405 50; Westerns, $4 50 5 50. " - OMAHA. May 15. Cattle Receipts, 2300; market, steady to strong; native J Downing, Hopkins. & Co, ESTABLISHED 1S83. WHEAT AND STOCK BROKERS Room 4, Ground Floor R. W. MeKINNON & CO. BANKERS AND BROKERS MEMBERS OF THE CHICAGO BOARD OF TRADE . -V 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 listed on the Boston Stock Exchange. - We buy and sell all oil stocks listed on the San Francisco Oil Exchange. Correspondence solicited. beef -steers, M 505 00; .Western steers. U 004 SO; Texas steers, ?3 254 50; cows and heifers, ?3 504 70; canners, ?1 75 3 40; stockers and feeders, -?3 405 20; calves, ?3 006 50; bull and stags, $2 75 4 25. Hogs Receipts, 0300; market, lower: heavy, to 675 77; mixed, So 655 67; light, $5 C05 65; bulk of sales, $5 655 67. Shqep Receipts, 5500: market, active and steady; yearlings, ?4 004 35; wethers, $3'754S0; common and choice sheep, 13 O0&3 75; lambs, ?4 00g5,10. ' ' KANSAS .CITY, May ,15.-Cattle-Re-ceipts, 4000; market steady to strong; Texas steers, $3 S55; Texas cows. $34 25; native- steers, 54 655 60; native, cows and heifers, $3 25(55 10; stockers and feeders, $3 S54 90;bulls, $3 254 75. ' Hogs Receipts, 2O.C0O; market 5lQc lower,; bulk of sales, ?5 505 75; heavy, $5 705 SO; packers. 55 60S5 75; mixed, fa 55 5;75; lights, ?5 ?i35 65; Yorkers, ?5 25& 5 65; piss. J45 20. Hrieep Receipts, 1600; market strong; lambs, $4 755 10; muttons, $3 754 75. ' SAN "FRANCISCO MARKETS. SAN FRANCISCO, May 15. Wool Spring Nevada, 1012c; Eastern Oregon, 1013c; Valley Oregon, 1415c; mountain lamB, 78c; San -Joaquin plains, '67c; Humboldt and Mendocino, 910c. Hops Crop- of 1900, 15tf?20c. Millstuffs Middlings, ?17 5019 50; bran, $16 5017. - Hay Wheat, $913": wheat and oats," J9 11; best barley. -SB" 50; alfalfa, 579 50: compressed wheat, ?8(gl3 per ton; straw, 4047c per hale. ' Potatoes "River Burbanks, 75c5x!$l 25; Oregon Burbanks, 1 151 50; sweets, 60 65c' Onlpps Australian, ?4 5C575. Vegetables Green peas, 75c$l; string beans, 2(3q per .pound; asparagus, $1 50 per box. r Citrus" fhilt Cpjrimon California lemons, 50c; choice, ?2 25; navel oranges, ?12 50 per box; Mexican, limes, $4 50. Bananas $1 502 50 per bunch. Pineapples $2g3 per, dozen. . Green fruits Apples', choice, $1 50 per box; common, SI per box. 1 Poultry Turkeys, gobblers, 910c; do. hens, ll12c per pound: old roosters. $4 4 25 per dozen; young roosters. $G7; fryers, $44 50; hens, $45: small broil ers, si loqpz: large do.. 534; old aucKs, $3 504r geese, $1 501 75 per pair. Eggs Store, 13c; choice, 14c. Butter Creamery, 17c; dairy, 16c. . Cheese California, full cream, Sc; Young America, 10c; Eastern, 1416c. Receipts Flour, qr sks, 26,706; do. Port Costa, 8248; oats,, ctls, 825; beans, sks, 73; middlings, sks, 35; do. Oregon, 1000; wdol bales, 157; do. Hawaiian, 20; wheat, ctls,' 60,313; barley, ctls, 9929; do. Oregon, 90: potatoes, sks. 2019; do, Oregon, 1837; bran, sks, 2497; hayt" tons, 297; hides, 24. The Metal Markets. NEW YORK, May 15. Tin again tooK a lower level, due chiefly to a. lack of speculative Interest here and In sympa thy with the weakness abroad. Valup.s In London declined l. droDDlnpr to 121 15s for spot and to 118 10s for futures. Before. the local market settled, a loss of 40. points was scored and the market closed weak at $26 1026 50. Lead and spelter were unchanged at ?4 37 and $3 054 00 respectively. CJopper was without change today, sell ing at ?17 for lake and- $16 58 for casting. Pig Iron warrants, $9 5010 50: North ern foundry, ?15 2536 50. Bar sliver, 59&c. SAN FRANCISCO,' May 35. Bar silver, 59c. .XONDON. May IS. Bar silver,' 27d. yool Ontlonk Better. BOSTON,- May 15. The American Wool and Cotton Reporter will say of the wool trade tomorrow. While the market has shown no pro nounced activity there are not wanting evidences of a manifestation of greater interest in the situation on the part of consumers and on Tuesday of this week a few of the large mills were represented in the -market and they are believed to have -taken on some wool. . . Coftec and Sngar. ' NEW -YORK, May 15. Coffee Spot dull; No. 7 invoice, 6c; mild dull; Cor dova, 812&c. Futures closed steady with prices net unchanged to 5 points lower. Sales, 5500 bags, Including September, ?5 50; October, $5 55; November, ?5 60; December, $5 73. Sugar Raw Arm but quiet; fair refin ing, 3&c; centrifugal, 96 test, 4 9-32c; mo lasses sugar, 3c. Refined quiet. ,! j London Wool Auction. LONDON, May 15. The number of bales offered today were 21,125. The selection was better and competition was more sphited.' The liome trade secured the bulk of the offerings. Germany bought quantity-of .superior -scoureds and meri nos. Crosa-breds were steady, while fine lambs' wool was steady for fine grades, with "the prices in" buyers'favor. Cotton Steady. ' NEW TORK, May 15. Cotton closed steady, unchanged to 4 points higher, v DO TEE COLUMBIA RIVER IN A DAY. Ask the Oregon Railroad. & Navigation Company's city ticket agent at Third and Washington for excursion rates and "other details. You cannot' afford "to miss 'the scenic wonders of the Columbia Riven Chamber of Commerce TRAVELERS' GUIDE. Going to Buffalo? Or any other point East? Call at our office or write us for .particulars as to pro posed low rates to be named in the very near future; they will interest you. TICKET OFFICE: Cor. Third and Stark Sis. R. W. Foster. Tickat Agent Time Card of Trains PORTLAND Leaves. "North Coast Limited" 2.00 P. IL Twin City. St. Louis & Kan. City Special. 11:30 P. M. Olympla. Tacoma. Seat tle, South Bend and Gray's Harbor Exp... 8:35 A. M. Arrives. 7.00 A. il. 8:00 P. M. 5:15 P. M. Two trains dally to Spokane. Butte, Hel ena, Minneapolis, St. Paul and the East. A. D. CHARLTON. A&st. Gen'l Pass. Agt 255 Morrison St. Portland. Or. Northern Commercial Co. Nome St. Michael Yukon River Sailing dates approximate only. From San Francisco. Conemaugh ..May 25 Portland May 20 From Seattle. June 10 St. Paul June 1 June Connecting at St. Michael for Dawson City and all Intermediate points. For rates of passage, freight and other par ticulars apply to Empire Transportation Co. Puget Sound Agent. Seattle, Wash. WASHINGTON & ALASKA STEAMSHIP CO Fast mall, express and passenger service tor SKAGWAY. calling at Port Townaend, Van couver, Ketchikan and Juneau, connecting with White P&H3 & Yukon Route for Dawson. Atlln and all Yukon River points. Through bills of lading Issued. S3. CITY OF SEATTLE. May 18 and 28. SS. VICTORIAN, May 13 and 23. From Seattle at 8 P. M. DODWELL & COMPANY. Ltd.. General Agents. 252 Oak St. Telephone Main 00. vmiflHy.'.'&'vS0K0MA avEfljuitt SS. ZBALANDIA (Honolulu only) Saturday, May 20. 10 A. M. SS. MARIPOSA, for Honolulu. Samoa. New Zealand and Australia Thurs.. May 30. 10 A. M. SS. AUSTRALIA, for Tahiti. ...About June 30 J. D.SPIiECKELS k BROS. CO , EsneraJ jganb, 327 Barhf St Gsn'I Pasinp- OfScs, 643 Mirtet SL, Fisr Ho. 7. Pscifctt eoce Strs. Altona and Pomona, dally ex. Sunday at 6:45 A. M. SUNDAY, to Oregon City, leaves 8 and 11 A. M.. 2:30 and 5:30 P. M. Office and dock foot Taylor st. WHITE COLLAR LINE ASTfORIA ROUTE. STR. TAHOMA (Alder-street dock). Leaves 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 331. WHITE COLLAR LINE STR. BAILEY GATZERT. DALLES ROUTE. Dally round trips. Leaves foot Alder street every morning at 7 o'clock, except Monday. Arrlvo at The Dalles 3 P. M. Leave The Dalles 4 P. M. Arrive Portland 11 P. M. Telephone Main 351. TRAVELERS' GUIDE. SillKl jffiKiiK Union Depot, Sixth ana J Streets. THREE TRAINS DAILY FOR ALL POINTS EAST "CMICAGO-PORTlVND, SPECIAL." Leaves tor the East, via Huntington, at 0:00 A. M.; arrKes at 4.30 P. it SPOKANE FLYER. For Spofcane. Eastern "Washington and Oreat Northern points, leaves at O P. JJ.; arrives at 7A.lt. ATLANTIC EXPRESS. Leaves for the East. Via. Huntington at 0;OQ P. M.; arrives' at 8:lu-A. M- THROUGH PULLMAN TOURIST J SLEEPERS. OCEAN AND RIVER SCHEDULE. "Water lines schedule subject to change--without notice. OCEAN DIVISION From Portland. leav Alnswocth Dock at 3 P- St.: sail every 5 days: s:rnm E?ti4 .nil. -Mfiv 1 fK fioamdr i Columbia sails ilay 7. 17. '27. Mom san. Francisco - sail every a oaya Leave Spear -street Pier 1U.. at 11 A. M.L Steamer Columbia sails May 3. 13; 2J. iteanter Elder sails May 8, 18. 23. COLUMBIA. KIVER DIVISION. PORTLAND AND ASTORIA. Steamer Harsalo leaves Portland dally, ex cept Sunday, at 8.00 P. M.; on Saturday at 10.00 P. il. Betumlnj. leaves- Astoria daily, except Sunday, at 7 OV A. M. WILLAMETTE RIVER DIVISION. PORTLAND AND SALEM. OR. Steamer Elmore, for Salem. Independence, and way points, leaves from Ash-stret Doclc at 6:45 A. M. on Mondays, Wednesdays and Frldajs. Returnlnj. leaves Independence at tt A. M.. and Salem at J A. M., on. Tuesdays. Thursdays and Saturdays. CORVALLIS AND ALBANY. Steamer Ruth leaves Portland at 0:45 A. It on Tuesdays, Thursdays and Saturdays. Ils turning., leaves Curvahla at li A. M. on Mpn- dajs, Wednesdays and Fridays. YAMHILL RIVER ROUTE. PORTLAND AND DAYTON.. OR. Steamer Modoc, for Oregon City, Buttevtllo. Champoeg. Dcyton and fay landings, leaves Portland Tuesdays. Thursdays and Saturdays at 7 A. M. Leaves Dayton tor Portland and Way- points Mondays. "Wednesdays and .Fridays at 6 A. M. SNAKE RIVER ROUTE. RIPARIA. WASH.. AND LEWISTON, IDAHO Steameis leave Rlparla at !:4l A. it. dally, arriving at Lewtston about i P. M. Returning, leave Lewlston at 8.30 A. M., arriving at Rl parla same evening. A. L- CRAIG. General Passenger Azt CITY TICKET OFICE, 254 "Washington St., Corner Third PORTLAND & ASIATIC STEAMSHIP CO. For Yokohama and Hong Kong, calllnr t Kobe. Nagasaki and Shanghai, taking freight via connectlnr steamers tor Manila. Port Ar thur and VladlvostocJc S3. CTO1UPUR.V SAITS JOT 3. For rates and full Information call on or address officials or agents of O. R. & N. Co. EAST m SOUTH (Depot Fifth ana ) I Streefa. Leave Arrive OVERLAND EX PRESS TxtALNs. for Salem. Ro3B- burg, Ashland, sac- r a m e n to. ugaen. San Francisco, Mo- 8:30 A. M. jave. 1.03 Ansaie-J, 7:20 P. M. El Paso. New ur- leans and the East. At W o o d b urn (dally except Sun day), morning train .-unnects with train for Mt. Angel, Slt- v e r t o n. .Browns ville. Springs aid: ind Natron, and vlbany Local for ill. Angel and SU .erton. Vlbany passenger... 'orvallls passenger, heridan passenger.. 4:00 P. M UTrSOA.'M. 4:50P. M. 10:10 A. M. 113.30 P. at. 13:23 A. M. Daily. Daily except Sunday. Rebate tickets on sale between Portland. Sac ramento and San Francisco. Net rates $17 flnt class and $11 second class, including slaoper. Rates and tickets to Eastern points ana Eu rope. Also JAPAN, CHINA. HONOLULU an4 AUSTRALIA. Can be obtained from J. H. KIRKLAND. Ticket Agent. 140 Third atreeu TAMHILL DIVISION. Passenger Depot, foot of Jefferson street. Leave for Oswego dally at 7:20. 0:4y A. St? 12:30, 1:35. U:25, 4:40, 0.23, 8.30. 11.30 P. M.; and 0:00 A. M. on Sundays only. Arrlvo at Portland dally at B:J5, b:J0, I0:5u A. M.; 1:35, 3:10. 4:30. 0:15. 7:40. 10.00 P. M.; 12.41 A. M. dally, except Monday, S:3v and 10,05 A. M. on Sundays oniy. Leave for Dallas dally, excent Sunday, at B,05 P. M. Arrive at P,ortlan& at 0 JO A. M. Passenger train leaves Dallas tor Alrlla Mon days. Wednesdays and Fridays at '3.30 P. M Returns Tuesdays, Thursdays and Saturdays. Except Sunday. R. KOEHLER. Manager. a H. MARKHAM. Gen. Frt. &Pass, Agt. Pacific Coast Steamship Co, FOR ALASKA. The Company's steamships COTTAGE CITY. SPOKANE. STATE OF CAL. and CITY OF TOPEKA leave TACOMA 11 A. M., SEATTLE 0 P. M-. May 5. 10, 15. 20,' 23, 30; June 4. 0. 14. 10, 21 24. 29; July 3. For further infor mation obtain folder. The Company reserves the right to ehangs steamers, sailing dates and .hour of salllna. without prevlqus notice. AGENTS N. POSTON. 240 Washington st. Pwttand Or. F. W. CARLETON, N. P. R. K. Doclr Tacoma: Ticket Office. 018 First avs.. Seattle. IL TALBOT. Comm'l AgJL. C.W. MIL. LEBL AssL Gen'l Agt. Ocean Dock. S.attJ; noobALir PERKINS CO.. G.a'l Aj.au. Esn Francisco. E Tickt Office. 122 Third 51. Phone 630 The Fler, dally to and ARRIVE from at. Paul. Minne No. 3 apolis. Dulutb. Chicago ( and all points Ease 7.00 A. M Throueh Palace and Tourist Sleepers, Dining and Biuret Smoktng-Ltbrarx Cars. JAPAN - AMERICAN LINE STEAMSHIP IDSUMI JVlARjU For Japan. China and all Asuitic- points wlU Itave Seattle About June 3d Astoria & Columbia River Railroad Co. Depot Fifth and I PtrcetK. IARRIVE3 LEAVES For Maysers. Rainier. ClatskonJe. Westport. Million. Asiooa. at- renton. Flavel. Ham (litJO A. M. 8:00 A. M. mond. Fore Steverw, Gearhart. Pic. Seaside. .Astoria and Seashore Express," " Dally. Astcrla JuxprMx. lHiy. 0:35 P. M. S:40 P. M. Ticket offlcc 2&3 Morrison st. and Union Depot. J. C. MAYO. Gen. Pass. Afft.. Astoria. Or. mmm QMEGdK " wi&e8 ;5j7 sunset -n O CCtEN 4 SHASTA Un routes In 1 ffife&w