THE MOENING OBEGONIAN, THURSDAY. MAY 30, 1901.
II
COMMERCIAL AND FINANCIAL NEWS
A holiday In the English market, ex
tending: from last Friday until yesterday,
made a Tery ojaiet wheat market In this
city, -and there .was not very much activ
ity In other directions. The end, of" the
month is so near at hand that local re
tailers are not buying- anything ahead of
their immediate. ,needst and matters "will,
he Inclined to "drift" for the remaining
day of the month. Produce receipts yes
terday were quite liberal, and, for the
first time this season, Oregon, strawber
ries were plentiful enough to make an
impression on prices. The quality of the
Hood River berries received yesterday
was never surpassed, the weather appar
ently being admirably adapted to bridging
the fruit to perfection-. Best stock sold
at $3 50 per crate, and but few of the
Oregon berries were sold for less than $3
per crate of 24 boxes; California, berries
have been driven cut after a. long and
profitable season, in which they arrived
in better shape than ever before.
A. fewsales of wool are reported east
of the mountains during the week, but
the movement has not yet reached pro
portions of any consequence In compari
son with the amount to be haddled. A
little new crop hop contracting is reported,
but most of the growers consider the out
look for prices too flattering to render
such business very alluring. Oregon Bur
bank potatoes still find a. good market
for the best stock, although prices are a
shade weaker than they were a few
weeks ago. New potatoes from San Fran
cisco are plentiful, and some of the stock
aow coming to hand Is very well ma
. tured for so early in the season. Eggs con
tinue weak, but poultry is doing a little
better this week. Groceries are unchanged
with a good trade reported by all of the
jobbers.
WHEAT Foreign wheat shipments from
Portland for the month of May are about
1,000,000 bushels, and there is still con
siderable on spot to go forward. There
is very little doing In the way of new
business, however, and it will require
something better than present export val
ues to bring out much of the stock still
held until later In the season, when the
proportions of the growing crop can be
more accurately gauged than they can at
the present time. Freights continue to
harden, and, as the "English market does
not strength proportionately, prices re
main unchanged. While the foreigners
were observing a protracted holiday last
week, and In the early part of this week,
the American market showed quite an
improvement, but the only gain made In
futures In Liverpool for the four days
in which the markets were closed was
of a penny.
While there is not much demand for spot
tonnage, the steady advance In tonnage
for new crop loading has had a sympa
thetic effect on near-by ships, and so
thoroughly imbued with the belief that
freights will go higher have the foreign
shipowners become, that they will un
doubtedly keep their ships idle until next
Fall rather than accept a rate which
would admit of business for the ex
porter under existing- conditions in the
wheat market. At least two fixtures have
been made this week as high as 41s 3d,
and one small vessel Is reported to have
refused 41s 3d for December loading. Tak
ing the statistical position of ships and
the splendid prospects for a crop and
these rates do not seem very high, but,
at the same time, there is yet such a
large element of chance in the matter
that some exporters are holding back
awaiting further developments. Experi
ence has taught them that the wheat
seller will show them no mercy when
they are caught with high-priced ships
and no wheat with which to fill them,
and there Is a mild objection to standing
up to be shot at by the men who will not
sell wheat at Its market value. Up to
date, signs of crop damage or failure
are vers few In the Northwest, and the
prospects for a bumper yield are splen
did. A few reports of damage by Insects
in the Willamette Valley have come to
hand, but the affected area thus far Is of
small proportions, and the damage hot at
all serious. Tar weed is bothering some
east of the mountains, but not seriously.
Crop conditions throughout the rest of the
United States are thus reported by the
Cincinnati Price Current:
Timely rains during the past week have
been of vast benefit to growing crops by
preventing deterioration, which would
have resulted if dry weather had con
tinued much longer, over a large portion
of the country. Winter wheat Is maintain
ing a high condition. In portions of Kan
sas more rainfall -would be desirable.
There have been more reports of fly and
chinch bugs In the wheat, especially from
Kansas and nilonls, this being a conse
quence of the recent dry spell; but gener
ally there has been no material change
from -a week ago in the condition of the
growing Winter wheat. The Spring wheat
crop of the Northwest Is making satis
factory growth: general rains would be
desirable, but the plant Is not suffering
from dry weather.
In Ohio there has been ample moisture,
and the wheat plant Is progressing nicely.
Prospects for timothy and other grass
crops are very good.
In Indiana rains have come opportune
ly, being especially beneficial to oats in
western counties. Wheat continues In
promising condition.
In Illinois the past week was very dry.
need of rain being especially urgent In
western counties.
In Iowa Fall grains were benefited by
last week's weather conditions.
In Missouri wheat has suffered from dry
weather, and insects in some central and
southwestern counties, but on the whole
prospects still favor very good yield. Oats
crop is in poor condition. Corn has been
planted generally under favorable condi
tions. In Kansas rains the past week have been
beneficial to growing crops, but In some
localities the amount was not sufficient
to relieve the droughty situation. There
is a little complaint of insects in the
wheat, but it is not at all general, and
prospects are still very good, though not
equal by probably 5 per cent or more to
what It was several weeks ago.
The wheat situation from a European
standpoint is quite bulllshly discussed by
the Liverpool Corn Trade News in the
following language:
J.t is a. point well worthy of considera
tion whether the present favorable crop
prospects have not already exerted their
influence, therefore any change in the
price level should be In an upward direc
tion, for It is hardly reasonable to sup
pose that everything will go well with the
"prorjd's harvest Of the Important French
crop reports are contradictory, but there
Is no doubt that some of the fields have
only a. thin Ipl&nt. and that it is pos
sible speculators will get scared some
time and rush to buy. In fact, very fair
quantities of -wheat have been taken
lately, but these are no doubt for the
"temporary " admission" trade, which has
been interfered with by the Marseilles
strike, and the smallness of stocks at the
Russian Winter ports. This trade, too, is
threatened with Interference from another
'quarter, for French Senators and Depu
ties will shortly be called upon to discuss
schemes which aim at curtailing very
considerably the .privileges at present en
joyed. If Importers thought there was
reasonable ground for fearing they would
have to pay full Suites, (to be refunded
on re-exportation) on all wheat lmpprted
after a certain "date not far distant, they
would naturally try to secure as much
B 1ossTbIeon the present 'much-more
Xavwable terms and bid up strongly for J
all near cargoes, whether owned in the
United Kingdom or Germany.
We have beside the German deficit still
with us. The diversion of off-coast car
goes last week Is now a matter of his
tory, and, although there may be a pause
I in the movement, yet the damage was of
so serious a character that much more
wheat -will have to be taken in order to
make good the prospectice harvest deficit,
and the sight of Continental buyers taking
the half or more off-coast cargoes is well
calculated to keep the tone of the mar-
-ket up to concert pitch. Any weakness
wrncu may aeveiup in ine near xuiure
is likely to arise from liberal shipments
drawn forth by recent advances, but
these are bound to meet a- good demand.
and, what Is more, an all-round demand
from British buyers, from Germany and
Belgium, from Mediterranean countries,
and lastly from the west coast of South
America, South Africa, West Indies and
China. There seems to be evidence of
comparative shortness of native supplies
in the chief importing countries. This
fact will have its due influence we venture
to think throughout the concluding weeks
of the season and perhaps well on Into the
new season, should harvest take place
during rainy weather.
OATS AND BARIiEY1 The big crop of
barley in California is having a weak
ening effect on both barley and oats, and,
while there are but light stocks of either
of these cereals in the Northwest, the
demand Is also light, and any further
advance would admit of California barley
being shipped North. Oats are nominal
Is about $135 for the best white, witn
gray selling at $1 271 30 per cental.
POTATOES San Francisco demand is
easier on account of improving condition
of the new crop. The bulk of the sales
now made are around $1 per cental for
best, but some fair stock was sold yes
terday at 90 cents, and It Is doubtful about
anything commanding more than a cent a
pound.-
WOOL The wool market In this state
continues to move very sluggishly, with
most of the sellers not yet disposed to
accent nrlces which buyers are willing
to pay. A few round lots have been
shaken loose eaBt of the mountains, but
In comparison with the amount on hand
there has been, but little doing Blnce the
season opened. The warehouses In many
of the principal wool points of the Inte
rior are well filled with last year's clip.
The situation in the East Is thus reported
by the New York Journal of -Commerce:
In the wool mark'et more of a disposition
to buy has .been displayed during the past
week, with prices holding firm. The de
mand has Inclined more toward fine grade
wools. A and fine A supers being the
better sellers. General Inquiries nave also
been made for combing wools. B supers
have moved fairly well, but prices of
fered to holders are said to be too low,
being about 30c per pound for this grade.
Sales of a few hundred bales at this fig
ure are reported, but the wool supplied Is
thought to have been high C supers, as
the present prices quoted for B supers In
trnnA white srrades are from 32c to 34c
per pound. Offers of 30c per pound on
lines of scopred B supers are stated In
some quarters to have been refused, own
ers of this grade holding off for bet
ter nrlces.
Manufacturers are stated to have re
ceived better orders of late, and buying
for this reason has been more general
and well distributed, with the outlook for
business ahead more favorable than pres
ent market conditions Indicate. - Sales for
the past week are reported by one firm
to have been 50,000 pounds of domestic
scoured at prices ranging from 35c to
48c per pound, with As and fine As in
good demand.
BUTTER By keeping the price of but
ter at a point where a large portion of
the surplus can be dumped on the out
side markets, there is a good healthy tone
to the market, and no accumulation of
stocks. There are times when a tempo
rary scarcity might admit of some of the
selects moving in a small way at a slight
ly higher figure than quotations, but the
wisdom of attempting an advance which
would shut Portland out of the markets
on Puget Sound Is doubted, and no ad
vance Is probable -under present condi
tions. Store butter Is a shade easier, but
not quotably lower.
EGGS The ruling quotation on eggs Is
about 12 cents per dozen, with some sales
made at 12 cents, and a report that round
lots can be secured at 11 cents. Puget
Sound secured a few'carloads of very good
Eastern eggs when Portland advanced
prices on Oregon stock to a high figure,
and apparently all of the Imported stock
has not been sold, as there Is no demand
for eggs from that quarter, which here
tofore has been a Very good point for
working off surplus stocks. Receipts con
tinue large, and it is reported that coun
try merchants have been holding back
stocks in the hope of better prices. If
this has been clone to any extent, there
will be a demoralized market for several
weeks yet.
POULTRY For first-class chickens
within the age limit the market 1b in
better shape, butthe amount of "cultus"
stock on the street is somewhat larger
than last week. Large chickens in-good
condition sold yesterday as high as 15 50
per dozen, and some peepers, which wore
down instead of feathers, "peeped" In
vain -for a buyer at $1 50 per dozen. Young
ducks and geese In moderate demand at
$6 and $7 per dozen. Old ducks and geese
nominal. Very poor demand for live tur
keys, but dressed move to a limited ex
tent at quotations.
Oats White, $1 32gl 35; gray, $L30
132 per cental.
Barley Feed, $1717 50; brewing. $17ig
17 50 per ton.
Millstuffs Bran, $17 per ton; middlings,
21 50; shorts, $20: chop, $18.
Hay Timothy, $12 5014; clover. $79 50;
Oregon wild hay. $67 per ton.
Vegetables, Fruits, Etc.
Vegetables Onions, California red, $1 50
cabbage, $1 50 per cental; potatoes, SOc
$1 10 per sack; new potatoes, 22c per
pound; celery, 75S5c per dozen: tomatoes,
$1 50Q1 75 per box; asparagus, $1 per box;
rhubarb, llc per pound.
Fruit Lemons, choice. $2; fancy, $2 50
2 75; oranges. $1 752 50 for navel, $1 50
1 75 for seedlings, per box; pineapples,
$44 SO per dozen; bananas, $2 253 per
bunch; Persian dates, 6c per pound; ap
ples, $22 50; strawberries. California; $1 50
per crate; Oregon, 12c for Southern Ore
gon, 15c for The Dalles.
Dried fruit Apples, evaporated, 56c
per pound; sun-dried, sacks or boxes, 3
4c; pears, 869c: prunes, Italian, 67c; sil
ver, extra choice, 57c; flgs, California
blacks, 5c; flgs, California white. 57c;
plums, pltless, white, 7Sc per pound.
Groceries, Nuts, Etc.
Coffee Mocha, 2328c; Java, fancy, 26
32c; Java, good, 2024c; Java, ordinary;
18620c; Costa Rica, fancy 1820c; Costa
Rica, good, 1618c; Costa Rica, ordinary,
1012c per pound; Columbia roast, $1175;
Arbuckle's, $12 65 list: Lion, $12 65 list.
Rice Island, 6c; Japan, 5c; New Or
leans, 4gf5c; fancy head, $77 50 per sack.
Sugar Cube, $6 50; crushed. $6 75; pow
dered, $6 10; dry granulated. $5 90; extra C,
$5 $0; golden C, $5 4ft net. half barrel, 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, $2 252 50;
fancy one-pound flats, $22 25; -pound
fancy flats, $1 101 30; Alaska tails,- $1
1 25; two-pound tails, $1 902 25.
Grain bags Calcutta, $7 per 100 for spot.
Coal oil Cases, 19c per gallon; barrels,
15&c; tanks, 13c.
Slock salt 50s, $14 75; 100s, $14 25; granu
lated, 50s, $20; Liverpool, 60s, $21; lOOs,
$20 50; 200s, $20.
Nuts Peanuts, 67c per pound for
raw, 9c for roasted; cocoanut, 9c per
dozen; walnuts, 10llc per pound; pine
nuts, 15c; hickory nuts. 7c: chestnuts; 15c;
Brazil, He; Alberts, 15c; fancy pecans, 12
14c; almonds, 1517c per pound.
nored. Gold engagements, ran up at one
time to $4,650,000. They 'Were later re
duced to $3,950,000, to comply with insur
ance requirements. The present move
ment of gold may very probably be in
liquidation -dro'bllgatlbns Incurred "a Tew
weeks ago.
There was some Irregularity in the bond
market on a fair volume of-deallngs. To
tal sales, par value, TTo.OOd." United
States bj0nd3, unchanged. l
BONDS. i
Gen Electric Cs...l85
Nl T. Cent. lsts....l85U
Northern Pac 3s. . 71 Mi
17. S. 2s, ret. reg.I
do coupon .....!'
do 3s, reg.......lOO
do COUDOlf 100
do new 4s, reg'..13S
ao coupon ...... liiSVi
do old 4a rejr...ll3W
do coupon H3J4
ao os, reg 10S
Dlst Col. 3T-e5s...l25
Atchison ad. 4a.. 05
C. & N.W. con. 73142 j
do S. P. deb. Bs.121
U. 6Z .K. li.
Oregon Nav. lsta.,109
Ore Short Line Qa.l27ii
do con. 5s ..... 116
kio ur. w. ists...ioo-)
St. ir-aul consols.. .183
do coupon lOSHISt. P. C. & P. Istsll8
d6 5s 110
Union Pacific 4s.. .105
Wis. Cent. lsts.... so.
West Shore 4a 113
4s.. 04
lsts...l02Southern Pac,
STOCKS. -
The total sales of stocks today were 880,000
The closing-, quotations were:
f est in American shares, -which iwereaealt
in more freely than for some time. The
Americans were bought steadily, particu
larly Atchls6n and Erie. The closing was
strong at top notch of the day. The feat
ure was one bid for 5000 shares of South
ern Pacific. This was regarded as a sig
nificant sign, since no one had bid for
more than a 1000-share lot for three weeks
past
God for Europe.
NEW YORK, May 29. Goldman, Sachs
& Co. will ship $1,000,000 gold to France
tomorrow. There is $700,000 additional gold
ordered at the assay office for export by
the National City Bank. Muller, Schall
& Co. also engaged $350,000 for export,
making the total $3,950,000.
At one time today the engagements for
shipment of gold by tomorrow's steamer
aggregated $4,650,000, but as the Insurance
companlse objected to taking a risk In ex
cess of $4,000,000, the National City Bank
canceled half its order.
shares.
Atchison 78
uu pm a
Salt. & Ohio 104
do pfd 04
Can. Pacific inxv.
.can. Southern ... 07 1
unes. is unio..... 48
t-nicago & Alton.. 4194
uu pm ,m,
C. B. & Q 103
Chi., Jnd. & L.... 3UV4
do pfd ....- 73
-uj. 6C .aSL 111...12i
Chi. & Or. -Wear.. 21
UU .rt. piQ. ....... U
do B pfd 44
Chicago & N. "W..197M
a, R I. & Pac...l54Vi
Chi. Term. & Tr.. 22ii
do Dfd aqu.
c.,c. c. & st l. sifi;
-uiu. oouinern ... la
do 1st pfd 51
do 2d pfd., 23
D. & H (ex dlv.)lC5
D.. L. & W ..241
Denver & Rio Gr. 48
d PM 03
Erie ... 41
do 1st pfd (58
do 2d pfd; 04V.
Great North, pfd.,170
Hocking Valley .. 52
do pfd 77
I llnois Central-.. .140
Iowa Central asvilGeneral'Electrlc
pia 03Hlu,cos8 sugar
Southern Pacific. 524
Southern Ky 30
do pfd 84
Texas & Pacific-... 46
Tol., St. L.. &.W... 21V,
dq pfd ..,., 36
Union Paclfld 103
uu jjiu .......... o
Wabash 24V4
do pfd 43k
Wheel. & L. E 17
do 2d pfd 31
Wis. "Central 20
do pfd j.. 44
P. C. C. & St. L . 74
EXPRESS CO.'S.
Adams ...., 175
American .ioj
United States ..... 81
Yells-Fargo 140
MISCELLANEOUS.
AmaT. Copper 116
Amer. Car &. P.... 27
do pfd 82
Amer. Linseed OH. 17
do pfd 46
Amer. Smelt. & R. B5
do pM 00H
Amer Tobacco ....135
Anaconda Mln. Co. 404
BrooTtlynR T. ..-. .- 78
Colo Fuel & Iron. 04
Con. Gal 220
Cont. -Tobacco? :... eoii
do pfd 110
58
Butter. Effss, Poultry, Etc.
Butter Fancy .creamery, 1517c; dairy,
1314c; store, li12c per pound.
Eggs 1212c per dozen.
Poultry Chickens, mixed, $3 504,' hens,
$4 B05 50; dressed, ll12c per pound;
Springs, $1 503 per dozen; ducks, $5 for
old, $67 for young; geese, $67 per
dozen; turkeys, live, 1012c; tdressed, 14
16c per pound.
Cheese Full cream, twins, 1213c;
Young America, 1814c por pound.
Meats and Provisions.'
Mutton Lambs, 4c per pound, gross;
dressed, 7Sc per -pound; best sheep,
wethers, gross, with wool, $4 254 50;
Sheared, $3 603 75; dressed, 67c per
pound.
Hogs Gross, heavy, $5 756; light, $4 75
5; dressed. 77c per pound.
veal Small. 7S8c; large, 67c per
pound.
Provisions Portland pack (Shield
Brand) hams, 13c; picnic, 9c pdr pound;
breakfast bacon, 1516c per pound;
bacon, 12c per pound; backs, llc; dry
salted sides, llc: dried beef setts, 15c;
knuckles, 17e; lard, 5s, 12c; 10s, llc; 50s,
ll&c; tierces. llUc; Eastern pack (Ham
mond's), hams, large, 1251c; medium, 13c:
small, 13Hc; picnic, lOftc; shoulders, 10c;
breakfast bacon, 1416c; dry salted sides,
1012c; bacon, sides, ll13c; ' backs.
12s; butts, 11C, lard, pure leaf, kettle
rendered. 5s, 12c. 10s, llc; dry salted bel
lies, ll13c; bacon bellies, 12&14c; dried
beef, 1514c.
Beef Gross, top steers, $55 25; cows,
and heifers, $4 504 76; dreseed beef, 8U
8e per pound.
Hops, Wool, Hides, Etc.
Hops 1214c per pound.
Wool Valley, ll13c; Eastern Ore
gon, 7llc; mohair, 2021c per pound.
Sheepskins Shearlings, lf20c; short
wool, 2535c; medium-wool, ?060c long
wool, 60$1 each.
Tallow 3c; No. 2 and grease, 22c
per pound.
Hides Dry hides. No. 1, 16 pounds and
upwards, 1415c; drv kip, No. 1, 5 to 16
pounds, 1415c per pound; dry calf No. 1,
sound steerst 60 pounds and over, 78c;
do, 50 to 60 pounds, 77c; do under 50
pounds, 67c; kip, 10 to 30 pounds, 6
7c; do veal, 10 to 40 pounds; 7c; do, calf,
under 10 pounds, 78c; green (unsalted)
lc per pound less; culls (bulls, stags,
moth-eaten, badly cut, scored, half-
slipped, weatfner-beaten or grubby), one-
third less.
Pelts Bearskins, each, as to size, $5
20; cubs, each, $26; badger, each, 1040c;
wildcat, 2575c; house cat, 520c; fox,
common gray, 3050c; do red, $1 502;
do cross, $515; lynx, $23; mlnkBOc! 25;
marten, dark Northern, $612; do pale
pine, $1 502; muskrat. 510c skunk, 253
35c; otter (land). $57; panther, with
head and claws perfect, $25; raccoon, 30
35c; wolf, mountain, with head perfect,
$3 SOS'S: prairie wolf or coyote, 6075c;
Wolverine, ?17;, beaver, per skin, large, ?5
6; do medium, per skin. J37: do small,
per skin, $12; do kits, per skin, 5075c.
Lake Erie & w... 65 f Hocking Coal
do pfd 120 tint. Paper ...
Louis. & Nft9h...rl03TI do pfd
Manhattan El ...115 lint. Power ..
Met. St. Ry lB8V,iLaclede Gas
ilex. Central T25&
Mex. National ... loS
Minn. & St. Louis 0SU
Missouri Pacific ..100
M. K. & T 28M.
do pfd 58
ew jersey uenr-ins
-New Tork Cent. ..152
Norfolk & West.
do pfd
National Biscuit"'
National Lead 181
national Salt 441
ao pm .... 70
North American .. 88
Pacific Coast 60
Pacific Mall 37
peoples Gas 1141
51Pressed Steel Car.45?
87$
Northern Pacific. .145
do pfd 07 1
Ontario & West.. 33
Pennsylvania . . . .1445
Reading 42
do 1st pfd 76k
do 2d pfd.......:- 53
St. Louis &. B. F., 4D4
. do 1st pfd 83i
do 2d pfd..' 68
at iouists w.... .i.i
do pfd 03
St. Paul 10O do nfd
do pfd ..: 183 1 Western Union
do pfd
Pullman Pal. iCar.205
Republic Steel ...-. 18
do pfd .., 73l
Sugar 146
Tenh. Coal & Iron. 57
U. Bv& p. Co.... 12
do Dfd ... lav.
U. S. Leather...... 14
do pfd 79
U. S. Rubber...... 20
do nfd "' . filV.
iu s. steel,., 40
Cotton.
NEW YORK, May 29.-Cotton The open
ing was steady, though prices were off 2
to 9 pofnts, under active selling for local
and foreign account. The close was steady
Avlfh "prices 14 points higher.
Stocks at London.
LONDON, May 29. Atchison, SI; Cana
dian Pacific, 105; Union Pacific preferred,
90; Northern Pacific preferred, 102;
Grand Trunk, 11; Anaconda, 10.
I
New York Stocks. - ,
These quotations are furnished by R. W.
McKlnnon & Co., members of the Chicago
Board of Trade:
STOCKS.
SEW YORK STOCK MARKET.
but
$44,650
37,300
81.S6S
22,540
Clenrlng-House Statement.
Clearings. Balances.
Portland $295,570
Tacoma 237,957
Seattle 455,307
Spokane 159.844
PORTLAND MARKETS.
Groin, Flour, Etc.
Wheat Walla Walla, export -values,
5S59c; bluestem, 6061c; Valley, noml
jial. Flour Best grades, $2 903 40 per barrel;
graham, $2 60.
CULLISON&CO.
Board of Trade and
SUck Exchange Brokers
GRAIN
PROVISIONS
STOCKS a4
COTTON
&
nOUGHT AND SOLD FOR CASH
CARRIED ON MARGIN ,
214-215
Chamber of Commerce.
Portland, Orcg an
Business Somewhat Improved,
Still Largely Professional.
NEW YORK, May 29. There -was addi
tional activity In the market today, and
considerable strength and variety, but
the dealings were still evidently In large
part professional, and the points of
strength were, somewhat scattered. It
was noticeable also that profit-taking was
going on In stocks which have recently
advanced, under cover of the new points
of strength. Thus while Atchison, Penn
sylvania, Southern Pacific and the South
ern Railway stocks were moving upward
today, the Tobacco stocks, Eackawanna,
Wabash, Erie and American Car were
held back, although they were less active
than during the time of their recent ad
vance. The strength shown during the day
seemed to be largely due to special
causes, but the favorable progress made
on the London Stock Exchange settlement
and the hope that Its completion will clear
the way for a growth of confidence, was a
favoring factor. Something was made of
the absence of Northern Pacific stock
from the list of collateral for the new
Union Pacific convertible bonds as lndl.
eating a prospect of a settlement of the
Northern Pacific dispute. This bond Is
sue is supposed to provide means to pay
for the Northern Pacific stock Dought, as
well as for the Southern Pacific, which
Is Included in the collateral. A clause in
the mortgage leaves the power unim
paired to use the proceeds or the mort
gage for the Northern Pacific purchases.
Union Pacific stock did not move de
cisively, although It recovered well from
a period of weakness, not holding the en
tire recovery. April net earnings were an
element In the strength of a number of
railroad stocks and were supplemented by
other explanations, possibly to further a
speculative movement. Atchison's state
ment, published previously, was a con
tinuing Influence. The advance In Penn
sylvania was made to appear In sym
pathy with a revival of the old rumors of
a union In retaliation for he project of
a Wabash trunk line outlet. The halt In
the upward movement of Wabash &
Lackawanna may have been significant
In the same connection. Southern Pacific
presented a very strong statement of net
earnings, and Southern Railway, Union
Pacific and St Louis & San Francisco also
made good showings for April. Reports
were current that Union Pacific was ex
tending Its holdings of Southern Pacific
so as to secure absolute control. Pacific
Mall rise was In sympathy with Southern
Pacific The rise In Denver & Rio Grande
was unexplained.
The unfavorable features of the Gov
ernment's weekly crop report and the un
Anaconda Mining Co...
Amai. uopper Co
Atchison com
Atchison pfd
Am. Tobacco com ..'...
Am. Sugar com ....'...,
Am. Smelter com .....,
Am. Smelter pfd .....
Baltlmore-& Ohlo-.com
Baltimore, & Ohio pfd.
tirooK. jtapia Transit.
Chicago & Alton com.
Chicago & Alton pfcL.
unicago & e. w. com.
Chl Ind. & L. com....
Chi., Ind. & L. pfd....
Chi., Burl. &-Quincy...
Chi.. Mil. & St. Paul..
Chicago & N. W. com.
Chi. R. I. & Pacific...
Central Ry. of N. J
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.'pfd
Erie com .,
Erie 2dB pfd
Erie lsts pfd
Illinois Central
Louisville & Nashvllle.-
Met. Traction Co
Manhattan Elevated...
Mexican Central Ry....
Missouri Pacific
Mobile & Ohio
Mo., Kan. & Tex. com.
too., Kan. & Tex. pfd
New York Central. 1...
Norfolk & West com.
Norfolk & West. ,pfd.
Northern Pacific com.
Northern Pacific pfL.
xvurtu .A.jnt:rii;iin new, .
N. Y., Ont.-& Western.
jrennsyivama xvy........
People's G . L. & C- Co
Pressed S. Car -com...,
Pressed. S. Car -pfd....
jf unman jfaiace co ...
Pacific Mall S. Co
Reading com
Reading 2ds pfd
Reading ISts pfd
Southern Rjf. 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. & I. E. 2ds....
Wheel. & L. E. lsts....
"Wis. Central com
Wis. Central pfd-
Western Union Tel....
"Wabash com
Wabash pfd
a
1 1-
58 99W
138n3Sft
146&
56
104,
3m,
76
42
22
3S
734
195
160
152
159
48
654
94
68U
111
166
243
44
93
41
55
68
140
103
168
llo
26
106
SO
27
57
151
50
Si
97
89
00 ji
1434
118
46
86
205
35
53
76
29
83
48
44
69
83
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57
101
88
13
79
21
147
56
96
104
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.79
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?1
195
1W
198
154
lb9
49
-67
94
68
J-12
166
243
t49
94
41
56
68
140
103
169
115
26
107
80
58
152
'Si
&
THE GRAIN MARKETS.
Prices ot Cereals at American and
European Ports.
SAN FRANCISCO, May 29. Wheat
steady. Barley, quiet. Oats firm.
Wheat Shipping, No. 1, 97c; choice,
97c; milling, 9Sc$l 02.
Barley Feed, 73l75c; brewing, S082c.
Oats Black for seed, $1 2S1 30; red,
51 321 45. (
Call board sales:
Wheat Steady; December, 8. 03; cash,
97c. (
Barley No sales.
Corn Large yellow, $1 401 45.
Chicago Grain and Provisions.
CHICAGO, May 29. The higher cables
from Liverpool, where the market had
been closed since Friday, were supple
mented by reports of continued dry weath
er in the West, Southwest and North
west, and these conditions, coupled with
rumored damage by . fly, stimulated a
strong demand at the "opening. The In
itial price of the July delivery of wheat
was a shade to c higher, at 7474c.
Under the execution of numerous outside
orders, the market advanced steadily to
,74c. A good part of the trading was
said to be for the export account. Re
ports of heavy rains In the Dakotas
caused a 'decline to 73c. Some former
sellers then became buyers,, and a rally
to 7374c followed, but this was only the
forerunner of another decline resulting
from a desire on the part of various trad
ers to even up over tomorrow's holiday.
The close was heavy, c lower, at 73
73'Sc.
The corn market was firm and moderate
ly active. Julv opened higher on Im
proved, cables and light- receipts, but re
covered under a good demand by profes
sionals. The close was firm, c higher,
at 44c.
The oats market was steady, though
trade was not so active as yesterday. July
closed uncnanged at 2828c.
Provisions were firm. In sympathy with
higher hogs. Trade was moderate. July
pork and lard closed 5c higher and ribs
unchanged.
The leading futures ranged as follows:
. , "TVHEAT.
Opening:. Highest. Lowest. Closing".
Downing, Hopkins & Co.
ESTABLISHED 1SOO. - ;
!.'r WHEAT AIVI) STOCK BROKERS .
Room 4, Ground Floor
Chamber, of- Commerce
R. W. McKINNQN & 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 listed on
the Boston Stock Exchange.
We buy and sell all oil stocks listed on the
San Francisco Oil Exchange.
Correspondence solicited. . T
Maj ' 80 74
juiy .
May
July
May
July '
September
44
93
17
31
51
20
42"
92
24
43
7
CQl
'33
145
114
r6
86
2(5
3S
431
B3
76'
30
fco
52
45V4
3j
a
58
1W
89
,14
79
21
33
143
113
45
86
205
35
42
76
29
8
44
6b
83
46
5A,
102
88
13
79
20
43
93
17
30
68
83
46
103
89
14
79
20
61
-45
94
17
31
51
20
42
92
24
43
SO 74
73
43
44
m
20
14 07
14 05
14 75
8 20
8 17
817
700
7 87
785
SO 74
73
43
44
31
23
20
14 67
14 07
14 75
8 22
8 20
8 22
7 00
7 00
7 87
$0 75
73 74
CORN.
43 43
44 44
OATS.
30 31
2S -28
20 28
MESS PORK.
May 14 70 14 70
July 14 67 14 70
September ... 14 75 14 177
LARD. .
May 820 8 22
July ..j .8 17, 822
September ... 8 20 8 25
' SHORT RIBS.
May .-705 7 05
July - 700 700
September ... T87 J 00
. Cash. Quotations were as follows:
FlourQuiet.
-Wheat No, 3 Spring, 6972c; No.2 red,
7475e.
-Corn No. 2, 4242c; No. 2 yellow, 42
42c.
Oats No. 2, 3030c; No. 2 white, 30c;
No. 3 white. 2829c-
Bye No, 2, 52c.
Barley Good feeding, 4046c; fair to
choice .malting-, ,50(gS2c,
Flaxseed No. 1, $172; No. 1 North
western, 51 72. ,
Timothy seed Prime, ?2 503 20.
Mess Pork Per barrel, $14 6514 70.
Lard Per 1Q0 pounds, $8 208 22.
Short ribs Sides (loose), $7 858 05.
Shouldersr Dry salted (boxed). ?6 757.
Sidea-Shori, ..clear (boxed), ?8128 25.
, Receipts. Shipments
Flour, barrels 32,000 10,000
Wheat, bushels :.. 143,000 235.000
Corn, bushels 1,140,000 624,000
Oats, bushels 074.000 474,000
Rye. bushels 0.000 8,000
.Barley, bushels . 15,000 1.000
On the Produce Exchange today the
(butter market was- strong-. Creameries,
1418o; dairies, ll16c; cheese. Arm, 9
10iC, eggs, ll'ic.
year, Boston gaining 3 per pent, Philadel
phia 3 per cent, and Newport .News 2 per
cent, while Baltimore, New Orleans and
Galveston show losses of 1 per cent, 3
per cenl and 2 per cent-respectively.
In" corn," New York shows a gain of 3
per cent, Philadelphia 3 per cent and New
Orleans 1 per cent, while Boston, Balti
more, Newport News and Galveston show
losses of 1 per cent, 3 per cent and 2 per
cent respectively, thus, with the exception
of Philadelphia, which seems to have en
joyed unusual advantages as to rail
rates, the losses and gains have been
about equal In the aggregate of grain ex
ports.' In the total value of -all exports
this city shows a loss of 1.70 per cent; Bal
timore, 1.17 per cent, and the Virginia
ports .69 per cent; while Boston shows a
gain of .98 per cent; Philadelphia, .11 per
cent; New Orleans, 2.22 per cent, and Gal
veston .25 per cent.
WOOL IS YET DULIi.
Aggregate of Business Is Lens Than
in Preceding "Weelc.
BOSTON, May 29. The American Wool
and Cotton Reporter will say tomorrow:
, There Is as yet no Increase to be noted
In the amount of business In the wool
market. In fact, the market has ruled
lower; heavy. $3 62(9o 72; mixed, $5 6C
a 62; light; $3 605 62; bulk" ofv sales.
?5 605 62
Sheep Receipts 200';, market ' Bteady;
yearlings, $i204 65-t wethers. $3,S04 20;
common and stock sheep, $3g3 73; lambs.
$4 50g5 60.
KANSAS CITr,rMay 29.-Cattle-Re-celpts,
5CC0; market, stiting. Texas steers,
$4 404 90; Texas cows, $3 404 00; native
steers, $4 75g5 85; native cows and heif
ers, $3 335 25; stockers and feeders, $3 75
(&5 03; bulls, $3 25$4 50.
Hogs Receipts, 17.000; market, strong.
Bulk of sales. $5 655 85 heavy; $3 80
5 90; packers, $5 70(55 85; mixed. $3 655 75;
light, $3 355. 70; yorkers, $5 355 70; pigs,
$4 503 30.
Sheep Receipts, 5000; marker, steady.
Lambq, $4 705 60; muttons", $3 75ga 00.
The JHctnl aiarlceta.
NEW YORK, May 29. A slightly higher
level was maintained in the local and for
eign metal markets today. The cause ojt
the strength was attributed largely to a.
renewal of the speculative market, to
gether with a better turn to the statistical
reports in that market. In London tin
closed steady, with a rise at 15s spot,
quoted at 128 15s, and futures, at 127
10s. After a quiet day the local market
quieter the past week than during the I Was finally firm at $2S 122S 35. Copper
previous week, and w$ figure the sales ( at London was 2s 3d higher, today, owlnff
at only 2,290,000 pounds, against 3,527,000 to an absence of sellers, the close, belnK
pounds a week ago. Some of the large
mills are reported In the market, but with
only one exception they have taken very
small Quantities of wool.
The trend of the goods market Is part
ly toward an Improvement, but the cloth
ing trade s still buying goods In a con
servative way, which is reflected In a
very quiet demand for wool. Prices con
tinue In favor of the buyer, except on
fine wools, which are firmly held In view
of the strength shown In the country, and
the relative firmness of fine stock at the
London sales. The excitement In the
West has abated. Two of the largest
dealers in the market have bought no
wools in the West, believing that the
prices which have been paid there are not
warranted. Not over 25,0O0,Oi50 pounds of
new wools thus far this year have been
bought .out there, and "conservative deal
ers are of the opinion that new wools can
be bought at more favorable prices later
on at any rate, they are willing to take
their chances of securing wools later at
as favorable terms as are now quoted.
Sales for the week at Boston amounted
to 2,135,000 pounds domestic and- 155.000
pounds foreign, making a total of 2.290,000
pounds, against a total of 1.150,000 pounds
for the corresponding period last year.
The sales since aJnuary 1 amount to 91,
127,900 pounds, against 61,466,900 pounds for
the corresponding time last year.
Ex div. 1 per cent.
Total sales, 855,000 shares. Money closed
23 per cent.
Money, Exchnnge, Etc.
' NEW YORK, May 29. Money on. call,
steady at 2g3 per cent; last loan, Z per
cent. Prime mercantile paper, 44 per
cent.
Sterling exchange Firm, with, actual
business In bankers bills at $4 884 88
for demand, and $4 854 85 for 60 days;
posted rates, $4 85 and $4 89; commercial
bills, $4 844 84. '
Sliver certificates Nominally, 60c.
Mexican dollars 48c.
Government bonds Steady.
State bonds Inactive.
Railroad bonds Irregular.
SAN FRANCISCO, May 29. Sterling oil
London, 60 days, $4 86; sight, $4 89.- "
Drafts Sight, 12c; telegraph, Joe.
Mexican dollars 1950c.
LONDON,- May 29. Consols
money, 23 per cent.
D3a;
Treasury Statement.
"WASHINGTON, May 29. Today's state
ment of , the Treasury balances an, the
general fund, exclusive of the $150,000;000
gold reserve In the division of redemption,
shows:
Available cash balance ,.$161,537,693
Gold 92,823,024
Foreign Financial News. - ..
NEW YORK, May 29. The Commercial
Advertiser's London financial cablegram
says: ""
The stock market vfas idle "bub firm to-
Hcvr Yorlc Grain and Produce.
NEW YORK, May 29. Flour Receipts,
27,933 "barrels; exports, 12,129 barrels. Mar
ket quiet and barely steady.
Wheat Receipts, 192, S50 bushels; exports,
133,289 bushels. Spot easy; No. 2 red, 82c
f. o. b. afloat, 79c elevator. Options
had a strdng, active forenoon on bullish
home crop news, higher Continental ca
bles, covering and freedom from offer
ings. But a subsequent rumor of rain In
the Northwest caused heavy unloading,
which broke the top market. Closed c
advance on May, and unchanged other
wise. May, 81c82c; closed, 81c;
July, 79 5-16S0c; closed 79c; Septem
ber,; 7677 3-16c; closed, 76c.
Wool Quiet.
Hops Quiet.
Hides Steady.
Grain in Europe.
LIVERPOOL, :May 29. Wheat Spot,
steady; Np." 2 red Western Winter, 53
lld; No. 1 Northern Spring, 6s d; No. 1
California, 6s ld. Futures, quiet; July,
5slld; September, 5s 10d.
Corn Spot, quiet; American mixed,
new, 4s d; old, nominal. Futures, steady;
July 2s. lifts; September, 3s Ha.
CONDON, May 29. Wheat Cargoes on
passage, quiet and steady; No. 1 standard
California, .29s 6d; Walla Walla, 29s 6d;
English country markets, quiet and
steady. Wheat -and flour on passage to
United Kingdom, 330,000; wheat and flour
on passage to Continent, 1.900.0CO; Indian
shipments wheat to UnitecUKIngdom, 7000.
LIVERPOOL. May 29. Wheat at Paris,
steady; flour at Tarls, quiet. "Weather In
England, fair and cloudy.
EXPORTS OF 'GRAIN.
In
day, except for consols, the "new Issue or
which is at a quarter of a pound discount.
expectedly large gold exports were ig- I There were evidences of a reviving- Inter- j a loss of 4 per cent, as compared with last
Leading Ports Show a Decrease
Volume of Snipping.
NEW YORK May 29. In his review of
the year, submitted at the annual meeting
of the New York Produce Exchange, Pres
ident BarrOws, in discussing trade con--dltlon's,
say3 that special Interests on the
floor have shared In the general prosperity
of the country; but that the individual
business, pf. the exchange at large Is not
fii a satisfactory condition. In the report
of wheat, he continues, New York shows
SAN FRANCISCO MARKETS.
SAN FRANCISCO May 29. Wool
Spring Nevada. 1012c; Eastern Oregon,
1013c j.Valley Oregon, 1415c; mountain
lamb, 7Sc; San Joaquin plains, G7c;
Humboldt and Mendocino. 910c.
Hops Crop of 1900. 15p20c.
Millstuffs Middlings, $1820; bran, $17 50
1S.
Hay Wheat, $913; wheat and oats, $9
12: best barley. $S; alfalfa. $7g9; com
pressed wheat, $S13 per ton; straw, 40
47c per bale.
Potatoes River Burbanks, 7ocl 15;
Oregon Burbanks, $1 2:1 CO; sweets, 65
75c; Early Rose. new. $1 501 5.
Onions Australian, $44 50.
Citrus fruit Common California lemons
75c; choice, $2 50; navel oranges, 75c$2 73
per box; Mexican limes, $4 50.
Vegetables Green peas, 90c$l 25; string
beans, 5g6c per pound; asparagus. $1 75
1 85 per box; tomatoes, 50c$l; cucumbers,
40c$l per dozen.
Bananas $1 502 50 per bunch.
Pineapples $22 50 per dozen.
Poultry Turkeys, gobblers, 9310c; dou
hens, ll12c per pound; old roosters, $4p
4 25 per dozen; young roosters, $6 507 50;
fryers, $4 505 50; hens, $4g5; small broil
ers. $23; do large, $3 504 25; old ducks,
$3 504; geese, $1 25gl E0 per pair.
Eggs Store, 12c; choice, 14c.
Butter Creamery, 17c; dairy, 16c
Cheese California, full cream, 8c;
Young American. 9c; Eastern. 1516c.
Receipts Flour, qr sks. 9400; wheat,
ctls, 670; barley ctls, 14,200; pats, ctls,
270; beans, sks, 2400; potatoes, sks, 22C0;
Oregon, 118; bran, sks, 1175; .middlings,
sks, 425; hay, tons, 300; wool, bales, 494.
EASTERN LIVESTOCK.
CHICAGO, May 29.-CattIe-Receiptst
2900; choice, steady; others weak; good to
prime steers, $5 356; poor to medium,
$4 353 25; stockers and feeders, $3 25
5; cows, $2 934 90; heifers, $35; canners,
$2 25(52 90; bulls, $34 40; calves, $46 25;
Texas fed steers, $4 255 40; lulls, $2 75
3 90.
Hogs Receipts today, 34,000; tomorrow,
30.C00; left over, 4003; market opened strong
to 5a higher; closed easy; top, J5 95; jnlxed,
and butchers. SS 655 SH); good to choice
heavy, $5 75o 95; rough heavy, ?s 605-70;
light. $5 60g5 So; bulk of sales, $5 77&
5 87.
.Sheep Receipts, 15,000; sheep and lambs,
about steady; shorn lambs, up to $5 15;
good to choice wethers, $4 304 50; fair to
choice mixed, $4 104 30; Western sheep,
$4 254 50; yearlings, $4 504 63; native
lambs, $45 60; Western lambs, $4 835 60.
OMAHA, May 29.-Cattle Receipts 4500;
market, best steady, others slow; native
beef steers, $4 405 60; Western steers,
$44 SO; Texas steers, $3 504 40; cows and
heifers, $3 604 60; canners, $23 50' stock
ers and feeders, $3 255 10; calves, $3 BOfJT
6 75; bulls and stags. $2 S04 40.
Hogs Receipts 15,300; market shade
steady at 9 3s 9d for spot, and 9 15s
for futures. Lead ruled quieter, steady
at unchanged prices, both here and
abroad. Spelter was steady at $3 954,
nominal. Domestic iron markets were
also dull and featureless. Plg-lron war
rants, $9 5010 50; Northern' foundry, $15 23
. 50; Southern foundry, $1415 50; and
soft Southern, $1315 50. Glasgow war
rants closed quiet at 51s 6d, and Middles
boro, 45s 3d. Bar silver. 59c.
SAN FRANCISCO, May 29. Bar silver.
59C -
LONDON. May 29. Bar -silver, 27d.
Coffee and Sngar.
NEW YORK, May' 29. Coffee options
closed easy, with prices net 510 points
lower. Sales, 12.000 bags. Including July,
$5.40; September, $5 55; October. $3 60; De
cember. $5 73; spot. Rio, dull; No. 1 In
voice. 6 5-16c; mild, quiet; Cordova, 8
12Ac.
Sugar Raw. quiet; fair refining, 3c;
centrifugal 96 test, 4 9-32c; molasses
sugar, 3c; refined, quiet.
COMING NORTHWEST EVENTS
I. O- O. F.,
Washington grand lodge.
Spokane. June 4.
Annual reunion of Lane County Vet
erans' Association, Eugene, June 4-6,
Meeting of Linn County Pioneers,
Brownsville-, June 5-7.
Grand Commandery, Knlght3 Templar,
Tacoma. June 5-6.
Meeting of Adams County Pidneers,
RitzvMe. June 6.
Wnshlneton County Sunday school con
vention, Forest Grove, Junee8;'i
Grangers' picnic, Lyle's Groftefc "Onion
Flat, seven miles west of Pullman June
0, 7 and 8.
Grand chapter. Royal Arch Masons,
Tacoma. June 7-8.
Grand council, Royal and Select Masters,
Tacoma, June 10.
Grand council of Masons, Portland,
June 10-11.
Grand lodge. Free and Accepted Ma
sonr, Tacoma, June 11-13.
Grand Army encampment of Eastern
Washington, Farmlngton, June 11-13.
Tournament of Eastern Oregon and
Washington Firemen's Association, Hepp-
ner, June 11-13.
Encampment of Whitman County, Vet
erans' 'Association, Farmington, June 11-13.
Meeting of "Wheeler County Pioneers,
Richmond, June 12-13.
Nez- Perces County Pioneer Association,
Stltes, June 13.
Oregon pioneer reunion, Portland, Juno
14.
Grand chapter, Order of the- Eastern
Star, Tacoma, June "13-14. y
Idaho Grand Army encampment, Coeur
d'Alene, June 20-23. t . . ,,
Washington State ,BankersV, Association,
Spokane. June 20-23. . r,
Railway engineers picnic, Salem, June
21.-
f Union County Pioneer Association,
Union, June 21.
Oregon encampment, G. A R., Forest
Grove, June 25-23.
Convention of Northwest Sportsmen's
Association, Walla Walla, June 25-29.
Washington Grand Army encampment,
Tacoma, -June 2S-27. - -
International Mining Congress,' Boise.
July 23-25.
Religion.
Convention of Mid-Oregon Baptists, Tho
Dalles, June 5.
Idaho State Sunday school convention,
Lewiston, June 21-23.
Moscow district Epworth League, Lew
iston, June 13-16.
Moscow district campmeeting, Meth
odist Episcopal Church, Colfax, June 20-30.
Oregon Christian Missionary convention.
Turner, June 21-July L
THIRD AND WASHINGTON
Is the place to get tickets at greatly re
duced rates., This offer 13 forMay SO
only. Three trains dally via thY O. R.
&N.