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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 27, 1902)
ME MttttKlJSG OREGOMAB; TfiOlDAY, PEBEUAllY 27, 1&02. V 13 iOMMERCIAL AND The usual cnd-of-the-roonth dullness is ao iceable to a certain extent In trade circles. sut when the business of the closing days of the month Is averaged up with that of the entire month, the showing Is a very satisfac tory one, and complaints are few. There Is but little weakness shown In agricultural prod ucts, and wheat In the Portland market Is ctlU selling at the highest prices of the season, with oats and barley also bringing full fig ures. The latter has weakened a little In sym pathy with the California market, which eafed up under an improvement In tho weather con ditions. Potatoes suffered a small decline on account of overloading tho San Francisco mar ket, and onions ore easy, but not quotably lower. Butter Is firm, and best grades are selling about 5c per roll higher than last week. Pork Is scarce and firm, and veal Is plentiful. Hops are selling at the highest price of the season. In groceries, sugar continues uneasy, but quotations are unchanged. Retail ers are holding off, hoping for lower prices, and, from present indications, will not be disappointed. Corn syrups have advanced slightly, and rice -nd cheese are fractionally lower. WHEAT The wheat market for the past few weeks has presented no new features In this port. Chicago took a violent slump on Mon day, but has been gradually recovering by easy stages since that time. Fine rains and at tendant improvement in crop conditions in California cut down prices In the Ban Fran cisco market about 6c per cental, but locally there have been but few changes. As a mat ter of fact, on more than one occasion during the past week, when other markets were al lowest ebb, the highest prices have been paid In Portland. Yesterday tho ruling quotations were about 65C6c, but there were well-authenticated reports that sensational figures had been paid at one or two competitive points In the Interior. Some Btorles placed the amount as high as 6Tc for "Walla Walla, while others gave CWtc as the top figure. It Is believed that this buying was done on milling account, for the pricea named are far In excess of any export value, even at present low freight rates. The shipments for the month will be much smaller than those for January. This, however, has no special bearing on the wheat movement, as the falling off in shipments is due solely to the non-arrival of tonnage which had been provided, and which would have been loaded had it reached port in time. Tho Valley mills continue to pay so much more for wheat than exporters can get out of It that very little Is bomlng In. East of the mountains, the clean-J Pup, except In one or two localities, has been so thorough that there is less wheat on hand In proportion to tho size of the crop than there has been at a similar period for many years. The situation is rapidly nearlng a point where tho freight boomers with their 53,000,000-bushel crop estimates will be forced to admit that at least 10,000,000 bushels of this amount was padding, and. there there was never a time since the crop was planted when It Justified any such wild estimates as have been put forth for the purpose of keeping freights up six months after they were down everywhere else In the world. The industrious circulation of these misleading figures by the wheat bears on the Pacific Coast has undoubt edly had a weakening effect on the market as soon as they got beyond the zone in which their Inaccuracy was understood. This being the case, operators who have witnessed the sudden vanishing of 10,000,000 bushels of wheat in thin air are wondering whether or not it is possible that the same species of misinforma tion has not pervaded other parts of tho coun try. If the crop of the rest of the United States has been as badly overestimated as that of Oregon, Washington and Idaho, Instead of having a record-breaker. It will do well If tt pulls up to 550,000,000 bushels. That, of course. Is too low a figure, as It Is hardly possible that there Is any other part of the country where such monumental blunders could be made a have been made by the "experts" who made the crop In Washington, Oregon and Ida ho 53,280.000 bushels, and are still trying to "make good" on the estimate. Freights continue weak, with more tonnage In sight than is needed for immediate require ments, and not much disposition on the part of exporters to force matters. Spot ships can be secured for 25s, and there Is some near-by tonnage offering at the same figure, if there was very much wheat to be moved, and the market took a strong spurt, these rates might be improved on, tut there Is nothing very hopeful for tho shipowner In the Situation as It now appears. The Australian wheat crop is falling below expectations, and many of the ships chartered to load In the Antipodes are being offered for recharter at rates 5s lower than the rate originally paid. It was reported yesterday that two of the disengaged ships now In port would lay up in preference to ac cepting 23s. Among exporters there Is a gen eral feeling that nothing will be gained by this, as the outlook for good freights for next season Is not much brighter than It Is for the remainder of this season. Two or three specu lative charters were made for next season's business several months ago at 32s 6d, but no such rates could be obtained at the present time, and It is probable that the next new crop charters that will be reported will be In tho neighborhood of 25s to 27s Cd. Tho followlhg is a summary of the North west wheat situation, as noted by tho Min neapolis Market Record: Receipts since August 1 of this crop year have been approximately 91,000,000 bushels In Ilnneapolls and Duluth, against 55.000,000 the cvious season. Notwithstanding the dlffer- ffe of 30,000.000 bushels more this year, how ir, the amount in store in these two mar ts Is much less than that above last year's l-ed supply, showing a much larger quantity te to consumers. On the average It Is found farmers In the Northwest had In January !.t 40 per cent of last year's production. e seems iO be no valid reason why the aunt this year should not be up to the usual ira.ee. It Is to De remcmDerea that some XK.000 bushels of that has to be consumed r seed and other uses on the farm. Still there Is enough back In farmers' hands for a con tinuance of a good business during the re mainder of the crop year. On August 1, 1000, farmers carried some 15,000,000 bushels on tho farms. On August 1, 1001, they carried less, according to the usual estimates, by some 10,000.000 bushels. HOPS Hops still unsold in the Willamette Valley are now commanding the best price of the season, and this week sales have been re ported at 14315c per pound. Dealers In this city state that 15c is above the actual value of tho hops, but that such prices are paid by buyers who are forced to secure the hops in order to fulfill contracts. Sales are being made all the time, out the amounts Involved arc of only moderate proportions. There Is more new crop contracting than usual, In spite of the prevailing good prices and general belief that they will continue for another season. Most of tho contracts reported this week have been from lie to ll4c. The situation In New Tork is thus reported by a leading trade Journal of New York City: No business of consequence Is reported trans acted, but the tone of the market is held firm. February contracts. It Is understood, have been fairly well completed, but with March close at hand, it is expected that the short interest will soon have to obtain supplies to meet these contracts. Demand from Western brewers was light, they being fairly well sup plied, but Eastern brewers, it Is expected will soon have to do some buying, as their holdings are understood to be comparatively limited. As to th future of the market, the majority of the trade seemed to be confident. The gen eral feeling appears to be that Congress will make some reduction In the beer tax. and with the general labor situation a healthy one the outlook Is considered promising for a good consumption for brewers' products as the sea son advances. The Watervllle Times of February 18 says of the Watervllte hoD market: r "Since the sale of the growths of J. J. Mont gomery, ay Dales at ioc: Hugh Green, 72. at lGVic, and that of Isaac Clark, of 85 bales, at lGc, we have heard of no other transactions. Most of the other holders have been offered as gooa as these prices, but have declined. Coun try roads are again blocked by the storm that has been raging since Monday noon." WOOL Whllo tho wool clip of 1802 will re FINANCIAL NEWS main on tho backs of the sheep for a few weeks longer, there Is already considerable in terest in the outlook for Slices, and unless there Is a change In the situation, the market promises to open at higher figures than were In evidence last year. Eastern buyers arc making inquiries as to the tone of the market here, and the probable clip, and there will probably be plenty of buyers in the field when the clip begins to move. The condition of the Eastern market Is thus reported by the New York Journal of Commerce, under date of February 22: The wool market during the week Just past has remained In a rather quiet condition, and, although inquiries have been fairly numerous, the actual amount of business transacted has been small. From some of the seaboard mar kets reports of Increased Inquiry are received, but the transactions give evidence of very con servative Ideas on the part of buyers, who '.seem to be making Inquiries more for the pur pose of keeping track of the market than for any actual needs they might have. The situa tion of the woolen goods market makes buying as yet a good deal of a speculation, and, al though on certain lines the business which has been done would Indicate pretty clearly the trend of demand,- as a rule the season has not progressed far enough to form an estimate of what will be needed In the raw material linn. Dealers realize that It Is of little use to force wool upon unwilling customers, and are hold ing their stocks at substan&ally unchanged prices. When a manufacturer Is found who really wants the wool there Is comparatively little trouble In securing asking prices, but where buyers are shopping around the market to see what can be done the deal usually falls of culmination, owing to the firmness of hold ers' ideas. Although the volume of business has been small, there Is no lack of strength to the market, as holders without exception are firmly holding to asking prices. On pulled wool the market continues quiet, with transactions of moderate proportions only. Inquiries, however, are numerous, which goes to show that manufacturers are keeping In close touch with the market. Good A supers are quoted at 40943c, and lower grades at from 395?41c per pound. For a good staple straight B a sale is reported at 3Gc but this wan of a small lot for a special purpose. In Texas wools a rery fair amount of Interest Is manifested, while some fair-sized deals are reported to be pending, but as stocks are short and dealers Ideas somewhat above purchasers', little sur prise will be felt should these "reported" deals fall through. Fine 12 months' wool is being firmly held at from 4750c For Fall wool 40fi-13c is the average range, while for a medium grade Fall wool 38ff43c Is considered a medium range. POTATOES The steamer sailing for San Francisco last evening took out about 7000 sacks, leaving about 5000 sacks which were ready for shipment, but which were held bock In the hope of Improving the situation in tho Bay City. Recent heavy shipments from this port have overloaded the California market, and the feeling is weak all along the line. In this market $1 15 per cental Is the top quota tion, and thero Is considerable hesitancy shown by some dealers about doing anything so long as the market is In Its present uncertain state. The steamer took away a small consignment of Early Rose potatoes, which are wanted In Cali fornia for seed purposes. They aro selling here In a small way at $1 201 25 per cental, but supply and demand are alike limited. Ore gon Is still shut out of any territory but Cali fornia by the Colorado growers, who are now dumping their big crop on the Arizona and Texas markets. BUTTER There Is still an excellent demand for select brands of creamery butter, and In a small way. 80c per pound Is being exacted. This figure, however. Is not a general quotation, and there are large quantities of first-grade stock obtainable at 2715c, and, from present Indications, that figure will be the limit for tho present season as a general quotation. The demand for store butter Is slightly better on account of the commencement of a considerable number or Industrial enterprises, which require large forces of men In railroad, logging and timber camps. California butter Is more plen tiful, and prices are weakening, but as yet very little from the Bouth has found its way Into this market. EGGS The egg market has followed a very erratic course for the past week, for In the face of very heavy receipts, prices have held up to good figures until a day or two ago. The primary cause of the strength In the local mar ket was due to a great scarcity and high prices In the East. This prevented the shipment of Eastern eggs Into any territory west of tho Rocky Mountains, and, as a result, the Pacific Coast markets have had to supply the shortage. The period of high prices Is apparently over, however, for; San Francisco has rushed largo (taantttles of eggs 'into the Puget Sound mar kets, and there is no longer any shipping de mand in that direction. "The price has fallen away from 25c per dozen last week to 10tf?20c, and some weakness shown at the latter figure. With continued mild weather, much lower prices are expected. POULTRY Receipts of chickens were' very light yesterday, but they came in more plentl fully than usual on Monday and Tuesday, and the market is only fairly steady at quotations. The demand at present runs more to old hens than .anything else, and young chickens are inclined1 to weakness as the time for "new crop" broilers draws near. Geese are a drug on the market, and are difficult to move at very low prices. Tho Chinese are still buying a few ducks, and this demand keeps prices fairly steady, but hardly firm. Turkeys are In poor demand, cxtfept In a small way, when choice dressed stock will sej.1 at 14 15c Live are not wanted except at low figures. Bank Clearings. Exchancea. Balances. $333,903 $ 50,420 ,....... .... 402.255 121.419 Portland Seattle .. Tacoma ... 172,800 30,078 Spokane 300,4 SO S3.04C PORTLAND MARKETS. Grain, Flour, Etc. Wheat Walla Walla, 65H66Gc; bluestem, CCV5C7c; Valley. 65660c Barley Feed, $2021; brewing, $21021 50 per ton. , Oats No. 1 white, $1 I5l 25; gray, $1 103 1 20. Flour Best grades $2 80(33 40 per barrel; graham, $2 50 2 80. Mlllstuffs Bran, $19 per ton; middlings, $21; shorts, $21 50. rnop, $17 50. Hay Timothy, $12 13; clover, $7 5008; Ore gon wild hay, $50 per ton. Potatoes and Onions. Potatoes Best Burbanks, $1 1001 15 per cen tal; ordinary. 75085c; Early Rose. $1 2001 25 per cental, growers' prices; sweets, $202 25 per cental. Onions $1 5001 90 per cental, growers' prices. Bntter, Eggs, Poultry, Etc. Butter Creamer9-2503Oc; dairy lB022Hc; store. 13015c p Eggs 19020c "ft Oregon. Cheese Full cream, twins, 13013$5c: Young America, 14015c: factor prices, ll$c less. Poultry Chickens, mixed, $3 5004 50; hens. $55 50 per dozen. 10012c per pound; Springs, lie per pound. $304 per dozen; ducks. $506 per dozen; turkeys, live. 1213c; dressed, 14015c per pound; geese, $0 per dozen. Vegetables, Fralts, Etc. Tomatoes, $4 50 per crate for Mexican; tur nips, 05075c; carrots, 65075c; beets, 8090c per sack; pumpkins, $101 25; squashes, $l 1 25 per 100 pounds; cauliflower, 750S5c per cental; celery, 75c per dor en, peas, Sc per pound. Green fruit Lemons, $203; oranges, $202 75 per box; bananas, $2 25gr3; pineapples, $5 per dozen; apples, 6Oc0$l 50; cranberries, $11012 per barrel. Dried fruit Apples, evaporated, 70Sc per pound; sUn-nrltd sacks or boxes, 405c; apri cots, HU012c; peaches, 8011c; pears. 60Sc; prunes Italian. 204c; figs. California blacks, 3H04CJ do white, 5c; plums, pltless, white, fc Groceries, Xtats, Etc. Coffee Mocha, 23028c; Java, fancy, 20032c; Java, good 20024c; Java, ordinary, 18020c; Costa Rica, fancy, 18020c; Costa Rica, good, 16018c; Cost Rica, ordinary, 10012c per pound; Columbia roast, $11; Ar buckle's, $1175 list; Lion, $1125 list; Cordova. $12 63 list. Rice Imperial, Japan No. 1, 54c; No. 2. 54c; New Orleans 507c Salmon Columbia River, one-pound tails, $1 85; two-pound tails, $3; fancy one-pound flats, $2; H-pound fancy fiats. 31 25; Alaska tails. 05c; two-pound tails. 12. Sugar Cube, ft 85; crushed. ?4 S3: powdered. $4 75; dry granulated, fl CO; extra C, ?4 35; golden C. $4 net per sack; beet sugar, $4 50; per sack: half barrels, Uc more than barrels: sacks, 10c per 100 less than barrels; maple, 15210c per pound. Honey 12HG15c per pound. Grain bags Calcutta, ?0 12J$0 25 per 100 for July-August. Nuts Peanuts. CH7c per pound for raw, Sf$ B'.ic for roasted: cocoanuts, 65390c pert dozen; walnuts, lOSiCJllc per pound; pine nuts, 10p 12,ic; hickory nuts, 7c; chestnuts. $3 6035 per drum; Brazil nuts 7c; filberts. 15318c: fancy pecans. 1414&c; almonds. 12410c Coal oil Cases, 20c per gallon; barrels. 10c; tanks, 14c Stock salt 50s, 519 75, 100s, $19 25; granu lated, 50s, $23; Liverpool, 50s, ?2S; 100s. $27 50; 200s. $27. Meats bhS Provisions. Mutton Grosi, 4c per pound; dressed, 77c per pound. Hams, bacon, etc. Portland pack (Shield brand) hams. 13&13&c; picnic. 0c per pound; breakfast baron. 15HlC&c per pound, bacon, 14c per pound: backs ,llU12Vic per pound; dry-salted s!d-3, lie per pound; dried beef, tetts, 10c; knuckles. 18c per pound; Eastern pack bams, large, 12&c; medium. 13c; small. 13Hc; nlcni 94c: shoulders, &&c; breakfast bacon, liQKMc: dry-salted sides, HUc; bacon sides. 1215c: backs, unsmoked, HVIc; smoked, 121ic: butts, 9ei0c per pound; dried beef, 15O3017Uc per pound; dry-salted bellies, HJiO 1214c; bacon bellies. 1253ilc per pound. Hogs Gross. 554c; dressed. 0Ht?7c per pound. Veal S3SHc for small; 7Tic for large. Beef Gross, cows, 34c; steers, 44Jc; dressed. C'.iQKc per pound. Lard Portiand (Shield brand), 5s, ISc; 10s, 12ftc; 50s. 12Hc: tierces, 12Jfcc; Eastern, pure leaf, kettle rendered, 5s. XZ-ic; 10s. 12"ic: Via. 12iic. Hops, Wool ami Hides. Hops 12013Hc per pound. Wool Nominal; Valley, 13015c; Eastern Ore gon 8012Ho; mohair. 2102115c per pound. Sheepskin Shearings. 15020c: short wool. 5035c; medium wool, 30060c; long wool, 60c $1 each. Tallow Prime per pound, 404J5o; No. 2 and grease, 2H03c Hides Dry hides. No. 1, 16 pounds and up, 1501515c vex pound; dry kip. No. 1, 5 to 15 pounds, 15c; dry calf, No. 1 under 5 pounds, 16c; dry-salted, bulls and stags, one-third leas ban dry flint; salted hides, steers, sound, CO pounds and over. B09e; 50 to CO pounds. "JaQ 8c; under 50 pounds and cows, 7c: stags and bulls, sound, 5QSHc; kip. sound. 15 to 30 pounds 7c: veal, sound, 10 to 14 pounds, 7c: calf, sound, under 10 pounds, c: green (un salted), lc per yound less; culls, lc per pound less; horse hides, salted, each. $1 5002; dry, each, $101 50; colts' bides, each, 25050c; goat skins, common each. 10015c; Angora, with wool on, sach. 25c6$l. Pelts Bear kins as to size. No. 1, each, $5 020; cubs, $205; badger, each, 10010c; wild cat, 25030c; house cat. 5010c; fox. common gray. each. 30050c; do red. each. $1 5002; do cross, each $5015; do silver and black, each, $1000200: flsherc. each. $504J: rynx. each. $203; mink, strictly No. 1, each. 3Oc0$l 25; marten; dark Northern. $6012; marten, pale, pine, ac cording to size and color. $1 5003; musKrats, large, each. 5010c; skunk, each. 25035c; civet or polecat, each. 5010c; otter, for large prime skins, each. $507; panther, with head and claws, perfect, each. $205; raccoon, for large prime, each, 30035c; wolf, mountain, with head perfect, each. $3 5005; wolf, prairie (coy ote), with head perfect, each, 40000c: wolf, prairie (coyote), without head, each. 30035c; wolverine, each, $407: beaver, per skin, large, $500: do medium. $304; do small. $101 50; do kits, 50075c GRAIX MARKETS. Wheat Opens AV'cnlc nt Chicago, lint " Sees a Firm Cloftlng. CHICAGO. Feb. 26. Wheat ruled weak ear ly and sold lower. Several bearish factors were at work, such as unresponsive, though slightly higher, cables and fair weather. Liquidation was rather general early, and the outside mar kets were all somewhat lower. Gradually, however, the liquidation ceased, and the crop klller had a chance tb get in his work. Dam ages were reported from Kansas, Indiana, Oklahoma and Nebraska, and tho outside mar kets began working upward. This frightened shorts, who covered eagerly as the Western report? came in more frequently. There was decidedly more snap to trade than, for come time, and the relatively stronger position of the coarse grains helped wheat. May opened 0c to -0Hc down, at 76075c, and sold off to 75c The reaction took May up to 76Sc and the close was firm, ?c higher, at 76076c Corn held firmer than wheat all through tho day, and was somewhat more active, though It sold lower early, and turned strong late, the same as wheat. Oats opened strong and higher, but turned dull until a prominent long holder went Into the pit and bulled tho market. May closed 01c higher, at 430435c The leading futures ranged as follows: WHEAT. Opening. Highest. Lowest. Closing. May $0 70 $0 70 $0 75ft $0 70 July 70 77 75 70',S September ... 751i 70& 75ft 70 CORN. May 60 00 50 CQ- July G34 GOyJ 09', GO- September ... ZS 59 SS& 50 OATS. May 425 434 421& 43U July 35A 35 34 35jt September ... 30H 30 30 30 MESS PORK. May 15 25 15 43 15 15 15 17& July 15 45 15 CO 15 S3 15 35 LARD. May 0 30 0 35 0 20 9 20 July 945 U45 0 324 0 35 SHORT RIBS. May 8S5 8 375 8 SO 8 30 July 8'45 845 840 8 40 September ... 8 CO 8 60 8 524 8 55 Cash quotations were as follows: Flour Steady. ' Wheat No. 3 Spring, 72,ic; No. 2 red, S0?ic Oats No. 2, 42i043c; No. 2 white, 4340 45c; No. 3 white, 43044c. Rye No. 2, CSc Barley Fair to choice malting, 590C3c Flaxseed No. 1, $1 644; No. 1 Northwest ern, $1 604. Timothy seed Prime, $6 3006 35. Mess pork $15015 10 per bbl. Lard $9 07409 10 per cwt. Short ribs sides Loose, $8 150S 35. Dry salted shoulders Boxed, $7 12407 25. Short clear sides Boxed, $8 5508 65. Clover Contract grade, $8 80. Butter Easy; creameries, 16"402O4c; dairies, 18024c Cheese Strong. lO?i012Uc Eggs Firm; fresh, 25402Oc Receipts. Shlpm'ts. Flour, barrels 54,000 30,000 Wheat, bushels 138.000 48.000 Corn, bushels 100,000 9,000 Oats, bushels 179,000 107,000 Rye. bushels 5,000 1,000 Barley, bushels 69,000 53,000 Xcw Yorlc Grain and Produce. NEW YORK, Feb. 20. Flour Receipts, 14. 200 barrels: exports, 20,491 barre'r). Market fairly active and steadier, with wheat. Wheat Receipts. 78,850 bushels; exports, 208,127 bushels: spot flrm; No. 2 red, 87c f. o. b. afloat; No. 2 red, 884c elevator. From ear ly weakness. Influenced by favorable weather news, liquidation and liberal receipts, the wheat market was suddenly turned about after midday, becoming strong and closing U05c net higher. March closed 82Sc; May, S24c; July, 82iic Hops Finn Hides Steady. Wool Steady. San Francisco Grain Markets. SAN FRANCISCO. Feb. 26. Wheat quiet. Barley quiet. Oats dull. Spot quotations: iVJieat Shipping. $1 OS-401 10; milling, $1 11U01 124. Barley Feed, S7408S5ic; brewing. 92!40O5c Oats Red. $1 22401 i2J5; white, $1 250 1 424: black. $1 1501 30. Call board sales: Wheat Quiet; May, $1 10U; December, $1 0814; cash, $1 10. Barley Quiet; December, 70ic Corn Large yellow, $1 3501 40. XEW YORK STOCK MARKET. Proceedings a Repetition of Those of the Last Ferr Days. NEW YORK. Feb. 23. Tho proceedthgs In today's stock market were practically a repe tition of those of the last few days. That is to say, the Important railroad and Industrial stocks of the light capitalization, which usual ly take the lead In market movements, were allowed to slumber, while various obscure and rarely active stocks were take up one after another and pushed upward in more or less sensational movements. This order of things was varied In the last hour by a sharp raid on the part of professional bears. Tho ostensi ble reason for their selling was the announce ment of engagements of gold for export by tomorrow's steamer to the amount of $2,400. 000. The persistent dullness of the whole market, and Its refusal to advance under the efforts to stimulate by marking up Individual stocks Im pressed the professionals with Its vulnerable position, and the announcement of the gold exports was rathor a signal than a motive for the attack. The announcement of gold ex ports was hardly a surprise, as sterling ex change has hovered about the export point all week. The -money market In New York has not shown the slightest reflection of any strin gency, yet the Subtreasury operations have already taken up nearly $1,000,000 since the last bank statement, and with Naw York ex change at Chicago down to 15c discount the interior movement of currency is probably away from New York. An early response In the local money market Is highly probable The advances In today's market were almost universally without explanation. The minor roads based their advance on the supposition that absorption of the smaller by the larger systems is manifest destiny. In the more prominent stocks there was strength In Penn sylvania,, the Eries, Wabash preferred and Illi nois Central. Copper was active and Irregular. Tho bond market waa firm. Total sales, par value, $4,800,000. United States bonds were all unchanged on the last call. Closing Stock Quotations. U s e DESCRDTTION. R r P Atchison do pfd Baltimore & Ohio do pfd Canadian Pacific Canada Southern Chesapeake & Ohio Chicago & Alton do pfd '.... Chicago, Ind. & Louis.. do pfd Chicago & Eastern III.. Chicago & Great West. do A pfd do B pfd Chicago & N. W Chicago, R. I. & Pac... Chicago Term. & Tran. do pfd C, C. C. & St. Louis.. Colorado Southern .... do 2d pfd Delaware & Hudson.... 7.700 1.000 75 96 2.000 103 3,500 S00 500 2.300 2.400 5S 200 2.000J 19.C00 800 SCO 200 1,100 800 700 200 6.000 14,400 1.200 "4100 172 DcL, Lack. & Western. Denver & Rio Grande.. do pfd j.. Erie do 1st pfd do 2d pfd .Great Northern pfd.... Hocking Valley ....... do pfd Illinois Central Iowa Central .. do pfd Lake Erie & Western.. do pfd Louisville & Nashville. Manhattan Elevated ... 45U 434 33 6S 2.000 13.200 93Vi 39 63 57 1.000 COO 5Gi 200 185 185 200 R1V. 84 2.500 500 200 100 "i,"i66 9.100 6,900 4.400 11.700 54700 900 1,300 i.465 139 434 794 67$5 48 70 074 1044 134 mi 104 133 1684 Metropolitan Street Ry. Mexican central .... Mexican National ... Minneapolis & St. L.. Missouri Pacific Mo.. Kansas & Texas do pfd New Jersey Central.. New York Central.... Norfolk & Western... do-pfd J 174 284 10 09 24 55(1 KB 1624 300 " i.566 27.500 3.900 SO) 3l" 5C Ontario & Western Pennsylvania Reading do 1st pfd do 2d pfd St. Louis & San Fran do 1st pfd do 2d pfd St. Louis S. W do pfd St. Paul do pfd Southern Pacific Southern Railway ... do pfd Texas & Pacific 1W HMJVl 50 C6W 81 694 604 1,900 81 11.600 1,100 69 60 1.600 734 724 200 3.700 20.800 50U 50 164V, 163 05 33y4 100 1.200 1.100 TO1. 41 Toledo. St. Louis & W. 4.200 4,700 do pfd Union Pacific do pfd Wabash do pfd Wheeling & Lake Erie do 2d pfd Wisconsin Central .... dq pfd 1.01 2.900 7.G00 COO 500 4.000 4,000 express companies Adams American United States Wclls-Fargo Miscellaneous Amalgamated Copper .. Amer. Car & Foundry do pfd American Linseed Oil.. do pfd Amer. Smelt. & Reflh.. do pfd Anaconda Mining Co... Brooklyn Rapid Transit Colorado Fuel & Iron.. Consolidated Gas Cont. Tobacco pfd...... General Electric Glucose Sugar Hocking Coal ... International Paper ... do pfd International Power ... Laclede Gas National Biscuit National Lead ......... National Salt ... do pfd North American . Pacific Coast Pacific Mall People's Gas ., Pressed Steel Car.... do pfd Pullman Palace Car.... Republic Steel da pfd Sugar Tennessee Coal fc Iron. Union Bag & Paper Co. do pfd United States Leather do pfd United States Rubber.. do pfd United States Steel do ifd Westerti Union American Locomotive .. do pfd 50.C00 70 900 900 2.S00 000 800 ) RR .234' 53 46 200 98: 33 04 86 219 700 12,500 400 1,100 100 2034 20: 600 20 204 47 18 900 93 400 464 101 46 09 2,000 300 83 800 700 11,400 13.400 "l 00 1,200 1.200 100 1.700 14.700 30.100 200 2.400 300 104 70 129 70 80 11 81 10 59 44 04 $4 00 31 92 Total sales for the day, 614,800 shares, BONDS. U. S. 2s, ref. reg.109 I Atchison ad). 4s 93 I39ih 102 JS.8 105 94 106 112 00 do coupon ion. i c & N.w. con. s do 3s. reg 108 D. & R. G. 4s do coupon 108N, Y. Cent. lsts.. ao new -is, reg..ix,J'A do coupon 139i Northern Pac 8s.. do 4s Southern Pac. 4s.. Union Pacific 4s... West Shore 4s do old 4s. reg.. .112 do coupon 112 do 5s. reg 1004l do coupon lOtih I Wis. Central 4s.... Stocks at London. LONDON, Feb. 26. Closing quotations: Anaconda 6 Norfolk & West... 5S Atchison ......... 7'A do pfd 99V5 do pfd 02 Ontario & West... 34 Pennsylvania 77 Reading 20 do 1st pfd 42 do 2d pfd 35 Southern Ry 33 do pfd 9St Southern Pacific .. 60 Union Pacific 104 do pfd 01 U. S. Steel, i 45 do pfd 97 Wabash 24 do pfd 4. 44 Spanish 4s ..... 77 Bait. & onto iuti Can. Pacific 118 Ches. & Ohio 47 Chi. Gr. Western. 25( D. & R. G 44 do pfd 94 Erie -a do 1st nfd 70' 70 57V5 do 2d pfd. Illinois ccnirai ..ijvi Louis. & Nash. ...106 M.. K. & T 25 do pfd OT N. Y. Central.. ..167 Money, Exchange, Etc. SAN FRANCISCO. Feb. 26. Sterling on London-Sixty days. $4 85; sight, $4 8S04 89. Mexican dollars 45c Drafts Sight, 12c; telegraph. 15c NEW YORK. Feb. 20. Money on call steady, actual transactions running from 202c per cent; prime mercantile paper, 404 per cent Sterling exchange Firm, with actual busi ness In bankers' bills at $4 87 for demand, and at $4 S504 S5Vi tot CO days; posted rates. $4 86 and $4 88; commercial bills, $4 840t 4 85. v Mexican dollars 43c Government bonds steady; state bonds easy; railroad bonds strong. LONDON, Feb. 26. Consols for money, 04; do for account, 04. Money, 203 per cent. Rate of discount In the open market for short bills, 2 per cent; do for three months' bills, 2 per cent. Foreign Financial Jfevrs. NEW YORK, Feb. 26. The Commercial Ad vertiser's London financial cablegram says: The stock market gives evidenco of returning to its former lethargic condition, nlthough a respectable bull account In South African shares still exists. The quietness was assisted by the Victor Hugo centenary holiday In Paris. The market opened firm, but relapsed in the afternoon on military mishaps in South Africa. American stocks were firm on tho exchange, but there was a fractional reaction In the street. SAN FRANCISCO MARKETS. SAN FRANCISCO, Feb. 26. Wool Spring Humboldt and Mendocino, 15016c; Nevada. 10012c; Eastern Oregon, 1013c; Valley Ore gon, 13015c Fall Humboldt and Mendocino. lO012c; mountain, 809c; south plains and San Joaquin, 638c; lambs. 6Sc , Hops New crop. 12$17c Hay-Wheat, 1013; wheat and cat, $109 Downing, Hopkins & Co. Established 1893. WHEAT AND STOCK BROKERS Room 4, Ground Floor Chamber of Commerce The BEST of EVERYTHING. YES, that Is just (h!cat e H nijo n T" l G By way of the TWO BIG OWES Minneapolis and St Paul. All Thro' Trains from North Pacific Coast connect with trains of this line 1 In Union Depot, St. Paul. M 1 CALL OR WRITE i W. H. MEAD. Genera! Agent, - agrHw-MTiW'S 13; best barter. $S10 50; alfalfa. $0911; clover, $768 50 per ton; straw, 45060c per bale. Vegetables Green peas, 5$7c per pound; string beans. 10915c per pound; asparagus, 10 025c; tomatoes, $11 75; cucumbers. 30c$l 25 per box; garlic, liiQ2Hc per pound; egg plant, 20025c. Mlllstuffs Middlings. ?18ffl0; bran, ?1617 per ton. . Potatoes Early Rose, ?1 5051 75; River Burbanks. $1 101 35; River Reds. ?1 501 00; gallnas Burbanks, $1 50(01 85; Oregon Bur banks, JJ1 3001 70; sweets, $1 40 per cental. Onions ?1 502 10. Poultry Turkey gobblers, 13914c; turkey hens, 15&16c per "pound; old roosters, $494 50 per dozen; young roosters, ?0 50fJ7 50; small broilers, 4f84 50; large broilers, $505 50; fry ers, $5 50$0 per dozen; hens, $4 5080; old ducks. $560; young ducks. $0117 50. Eggs Ranch. 16c Bananas $102 75 per bunch. Citrus fruit Common California lemons, 50c; choice, $2 50; Mexican limes, $5 50?0; oranges, navel, 75cg$2 75. Apples Choice, $1 25; common, 50c per box. Pineapples $34. Butter Fancy creamery. 2Se; do seconds, 25c; fancy dairy, 27c per pound; do seconds, 20c Cheese Young America, ll;c; Eastern, 13 15c; new, HHc; old, lie Receipts Flour, 14,915 quarter sacks; wheat, 103,520 centals; barley. 5CS5 centals; oats. 1420 centals; beans, 1600 sacks; corn, 530 centals; potatoes, 302 sacks; do Oregon, 272 sacks; bran, 49 sacks; middlings, 3S3 sacks; hay, 140 tons; wool, 10 bales; hides, 4 SO. EASTERN LIVESTOCK. CHICAGO. Feb. 2C Cattle Receipts. 15,500. Market active and 10 15c higher. Good to prime steers, $6 C0f?7 35; poor to medium. $4Q 6 50; stockers and feeders. $2 50ff4 75; cows, $1 25G5 25; heifers, $2 5035 50; canners, $1 25 62 SO; bulls, $2 504 CO; calves, $2 50(30; Tex as fed steers. $4 6005 75. Hogs Receipts. 44,000. Market 5c lower. Mixed and butchers. $5 S0Q0 CO; good to choice heavy, $6 1580 35; rough heavy, $5 000 10; light, $5 C0S5 05. Bheep Receipts, 2000. Market shade lower; lambs, 10g25c lower. Good to choice wethers, $4 25gS 25; fair to choice mixed. $3 S04 CO; Western sheep and yearlings. $4 3030; na tive Iambs, $3 756 40; Western lambs, $3 250 6 50. OMAHA, Feb. 28. Cattle Receipts, 2000. Market active and higher. Native steers, $4 0 50; cows and heifers, $335 15; Western steers, $3 8025 25; Texas steers, $3 G04 CO; canners, $1 50JJ2 SO; stockers and feeders, $2 73 04 65; calves. $3 5030 75; bulls, stags, etc., $2 C04 15. Hogs Receipts, 12.000. Market 510c lower. Heavy. $3 903G 10; mixed. $5 $035 90; light. $5 505 00; pigs, $4 2533 25; bulk of sales, $5 7535 00. Bheep Receipts. 4000. Market steady to 5 10c lower. Fed muttons, $55 SO; Westerns, $4 5035; ewes, $44 65; common and stockers, $2 7634 75; lambs, $538 50. KANSAS CITY, Feb. 28. Cattle Receipts, 5000, including 1000 Tcxans. Market active. Natlvo steers, $538 50; Texas and Indian steers, $3 2535 50; Texas cows, $3 2534 50; native cows and heifers. $304 75; stockers and feeders, $3 2334 SO; bulls, $334 75; calves, $4 6036 60. Hogs Receipts, 12,000. Market 5c lower; bulk of sales, $3 0066 20. Heavy. $0 1386 30; packers, $3 0030 25; medium, $080 20; l!ht, $5 4030; Yorkers, $5 5035 00; pigs, $4 5065 80. Sheep Receipts, 8500. Market steady. Mut tons; $4 7535 65; lambs. $G 4036 70; range wethers, $4 8035 50; ewes, $4 1535 50. Metal Markets. NEW YORK. r"eb. 23. In the copper trade there were no developments or special interest, as the demand was light, and .prices stood as before quoted, with Lake at 12S312'4c, elec trolytic at 124012Xc and casting at 12H6 12"J4c At London prices were 2s 6J lower, closing at 55 17s 6d for spot, and futures at 155 12s Cd. Tin was about ttc lower at New York, closing with spot at ?25 25825 40. London prices broke 1 15s to 116 for spot and 111 5s for futures. Lead was firm here and unchanged, at ic London lead was Is 3d lower, at 11 13s Od. Spelter ruled steady but unchanged at home and abroad. Iron was firm; Glasgow unchanged at 54s; Mlddlesboro a shade lower, at 47s 10"5d. Pig Iron warrants here closed at $11 60312 50; No. 1 foundry Northern, $17 5018 50; No. 2 foun dry Northern, $17618; No. 1 foundry Southern, $1C 60317 60; No. 1 foundry Southern soft. $16 5017. Bar silver, 554c SAN FRANCISCO, Feb. 28. Bar silver, 55c LONDON, Feb. 26. Bar silver steady, 23 5-lCd per ounce. Chicago Provlnlons. CHICAGO. Feb. 28. Provisions were weak and much lower throughout the session. Short ly after the opening a hard raid was made on pork and 'lard and ribs followed. A little buy ing was done by the packers, but not enough to cause a good recovery, and tho late grain strength helped a little. May pork closed 33c depressed, lard 1517Kc down, and ribs 10c lower. Coffee and Sugar. NEW YORK. Feb. 2.-Coffee-Spot Rio dull; No. 7 Invoice. 654c; mild dull; Cordova. 8612c Futures closed steady; March, $5 20; May, $5 40; September, $5 7585 80. Sugar Raw steady; fair refining, 3"rjc; cen trifugal, 00 test, 3c; molasses sugar, 2c; refined quiet. Dally Treasury Statement. WASHINGTON. Feb. 28. Today's statement of the Treasury balances shows: Available cash balances....: $173,675,403 Gold 88,245,810 "Wool at St. LouIk. ST. LOUIS, Feb. 28. Wool Firm; territory and Western, 18318c; fine, 12317c; coarse, 12 61Cc Cotton. NEW YORK, Feb. 28. The cotton market closed steady net 467 points higher. Miners' Wage Scale la Illinois. PEORIA, 111., Feb. 26. The joint ses sion of coal operators and mine workers has resulted In a fruitless attempt to adopt a scale for the state outsido the Danville district, and the whole matter was referred to a Joint scale committee. The operators at the start served notice that they would resist any attempt to increase the scale in any district, and Harry Taylor, of Chicago, painted a gloomy picture of the condition of the coal trade In Illinois, which he declared had been gradually supplanted by the prod uct of mines In the Hocking Valley, Ohio, and "West Virginia. The powder question threatens to split the convention. The miners adopted a resolution, and later incorporated It in their scale fixing- the maximum price of powder at $1 75 per keg and providing that mmers be allowed to buy In the open Bimmgfwse& Sn what you get if you travel bj the florth-Western Line to Chicago FOR INFORMATION. 248 Alder Street, PORTLAND, 0SE. markets. The operators put the price at $2 In their scale ahd Incorporated a clause compelling the miner to buy of the opera tors. To-ivn Without Officials. DANVILLE. 111., Feb. 26. The town of Sidell. this county, finds itself in a pecu liar predicament. It is without town offi cers, laws or ordinances. Mayor Goof died a few days ago as the result of a gunshot wound accidentally received while huntlns: George Clarkson, the town Treas urer, has resigned and left for Oklahoma, while In a recent fire the city offices were destroyed, together with all the town rec ords and ordinances. A committee has been appointed to pre pare new ordinances, and- at the next meeting of the town Council a Mayor and Treasurer will be appointed. The predic ament of Sidell is unique In the history of municipalities. Renounces Ills Vow. DUBUQUE, la., Feb. 26. An event un precedented in the history of the Trap pis t Monastery in this county is made public. Brother Eugene, for 23 years an Inmate, fcas deliberately renounced his vows, which he took nearly a quarter of a century ago. He has left the monas tery and Is now looking for eomo means of earning a living. His name Is Joseph Graham, and he came from Illinois- when 23 years old. The Trapplst rules are the most rigid of any monastic order, and Brother Eugene got tired of them. He wants to see the world. It is stated that his permission to leave the monastery came from Rome. Grading Chicago's Mlllc Supply. CHICAGO, Feb. 26. A resolution grad ing the milk supply disposed of to con sumers In Chicago by farmers within 100 miles of this city has been passed by the Milk Shippers' Union. Heretofore one price has been charged the dealers by the shipper for milk, roor or good. Now milk will be divided into grades accord ing to the amount of cream it contains, and a lower price will be paid for the low er grade milk. This resolution was passed unanimously 'and will go into effect on May 1. "Woven Wire Trust. NEW TORK. Feb. 26. Arrangements are being perfected, according to the Jour nal of Commerce, for the consolidation of a number of prominent concerns which make a specialty of woven wire products, such as baskets, kitchen utensils, etc The corporation will have a capital of $S, 000.000. The headquarters will be in this city. "The best pill I ever used," l the fre quent remark of purchasers of Carter's Little Liver Pills. When you try them you will say the same. TRAVELERS' GUIDE. "LIKE STERLING ON SILVER" Some one name and whereabouts unknown wroto this on the back cover of a Burlington menu card: "The word 'Burlington' Is like sterling on sliver." Reread that, please. Again. NOW! Do you realize that this is the greatest compliment that could be paid a railroad? Omaha, Denver, Kansas City, Chicago, St. Louis. TICKET OF rICEs Car. Thlrf an Stark Sta R. W. Foster. Tiokat Agent TIME CARD OF TRAINS PORTLAND Leaves. Arrive. Overland Express 2:0o P. M. 7:0o A. M. Twin City. St. Louis & Kan. City Special.. .11:30 P. U. 7:45 P. U. Puget Sound Limited, (of South Bend. Gray Harbor, Olyrnpla, Ta coma and Etattt. 8:33 A.M. 0:20 P. It Two trains dally to Spokane, Butte, H!na, Minneapolis. St. Paul and the East. A. D. CHAIILTO. AsaL General Pass. Art., 253 Morrison street. Portland. Or. Salem, Independence, Albany Corvallis and McMinnvillc, Steamer POMONA, for Corvallis. leaves C:-J3 A. M. Tuesday. Thursday and Saturday. Steamer ALTONA, for McMInnvllle. leaves 7 A. M. Monday. Wednesday and Friday. OREGON CITY TRANSPORTATION CO.. Office and dock, foot Taylor tu Phone 40. 05k TRAVELERS' GUIDE. IECIFi Hosp Line union Pacific AND THREE TRAINS DAILY FOR ALL POINTS EAST UNION DEPOT. Leave CHICAGO-PORTLAND 8PECIAL. For th East via Hunt- Ington. l:oo A. M. Dally. 4:30 P. U. Dally. hPOKANE 1TLYE1L For Eastern Washing ton, Walla Walla. Lew Utcn, Coeur dAIen and Gt. Northtrn Points. C:15 P. M. Daily. T:0O A. M. Dally. ATLANTIC EXPKESS. ior the East via Uuat- 'ncton. 8:00 P. M. Dally. 8:lo A. M. Dally. OCEAS AND IllVEU SCHEDULE. FOR SAN FRAN CISCO. SS. Columbia Feb. 0. 10, 28. BS. Geo. W. Elder Feb. 1. 11. 21. From Alnsworth Dock. 3 -00 P.M. 8:00 P. M. FOR ASTORIA and 3:00 P. M. 0:00 P. M. Dolly. way points, connecting with str. for llwaco and North Beach, str. Has ato. Ash-street Dock. Dally x. Sunday. Sat. 10 ex. bus. P. M. FOR CORVALLIS and (5:45 A. M. Mon., C:00 P.M. way points, str. MO- Tues.. JJOC. Aah-street Dock. (Water permi;inr.) Wed, FrL Thurs., Sat. FOR DAYTON. Oreson City and Yamhill Riv er points, str. Elmore, 7:00 A.M. Tues.. 3:00 P. M. Mon.. Wed.. Frl.. Thurt, ,-. cwfcAm;K. bat,. iwaier prmlttinfr.) TICKET OFFICE. Third and Waablnxton Talephone. Main 712. PORTLAND & ASIATIC STEAMSHIP CO. vFu T?kohaIna and Honr Kons. calllnr at Kobe, Nasaiakl and Shanghai, taking Irtlgbt via connecting steamers ror Manila. Port Ar thur and Vladlvostock. THYRA SAILS ABOUT FEB. 28. For rates and full Information call on of ad dress cnlcials or agents of O. R. Je N. Co. EAST SOUTH' Leave Depot Fifth nml I Street. Arrive- OVERLAND EX PRESS TRAINS. for Salem. ltosa burg. Ashland, tiac r a m e n to, Ugden. San Francisco. Mo Jave, Lod Angeles, El Paso. Nw ur I eons and the East. At W o o d b ura (dally except Sun day), morning train connects with train for Mt. AngtI. SU rer ton. Browns ville. Springneid. and Natron, and Albany Local for Mt. Angel and SU rerton. Albany passenger ... Ccrvallis passenger. 8:30 P. M. 8:30 A. M 7: A. M. 7:00 P. M. :00P. M. 7:30 A. M. IU:50P. M. 10:10 A. M. 3:10 P. M. aherldan passengr. 3:25 A. M. Dalty. IIDatly except Sunday. Rebate tickets on sale between Portland. Sac ramento and San Francisco. Net rated $11.50 first class and $14 second class. Second claa Includes sleeper; first class docs not. Rates and tickets to Eastern points and Ea vrope. Also JAPAN. CHLN'A. HONOLULU and AUSTRALIA. Can be obtained at Ticket Of fice, No. 254, cor. Washington and Third. YAJiniLL DIVISION. Passenger Depot, foot of Jefferson street Leave Portland dally 7.20 A. M 12:30. l!03, 3:25, 4:40, C:5, 8:30 P. M. Daily except Sun day, 5:30, 0M0 A. M.. 0:00. ll:3u P. M. Sun day only, 0 A. M. Arrive Portland dally, 8:30. 10S00 A. M.. 1:33. 3:10. 4:30, C:1S. 7:40. 10 P. M. Daily ex cept Sunday. 0:30. 0:30. 10:00 A. M.; except Monday, 12:40 A. M.: Sunday only. 10:08 A. M. Leavo for Dallas dally except Sunday,- 0:05 p. M. Arrive Portland 0:30 A. M. Passenger train leaves Dallas for Alrlie Mondays, Wednc. days and Fridays al 3:00 P. M. Returns TUj day and Saturdays. Except Sunday. V. A. SCHILLING. City Tkt. Ast. R. B. MILLER. Qen. Frt. & Pass. Agt. Pacific Coast Steamship Co. Far South-Eastern Alaska Leave Seattle O P. St. Eteamshlps COTTAGE CITY, CITY OF SEATTLE or AL KL Feb. 4. 14. 10. 1S. 28; Mar. 1. 0. 12, 10. 21, 24, 31, For 5on Francisco Leave SEATTLE at 0 A. M. every nfth day. For further Information, obtain folder. Right is reserved to change steamers or sailing dates. AGENTS N. POSTON, 240 Washington at.. Portland: F. W. CARLETON, N. P. R, r! Dock. Tacoma: Ticket Office, 113 James it.. Seattle. M. TALBOT, Comm'l Agt.; C. W. MILLER. Asst. Gen'l Agt., Ocean Dock. Seat tle: GOODALL, PERKINS & CO., Gen'l Agta,, San Francisco. Ticket Office 122 Third St. Phone 630 LtfAVlS No. 4 0:15 P. M. The Flyer, daily to and! ihmvi. from St. Paul. Minna- va spoils. Duluth. Chicago Tln .' w xnd all points East. T:t0 M" Through Palace and Tourist Bleepersv Dining and Buffet Smoklng-Llbrary Cara. JAPAN - AMERICAN LINE .STEAMSHIP SHINANO MARU For Japan. China and ail Asiatic points tfiH leave Seattle About March Hth. Astoria & Columbia River Railroad Co. Depot Fifth mid 1 Street. LEAVES ARRIVES For Maygerj. Itatnter. Clatskaui. Westport. Clifton. Astoria. War renton. Flavcl, Ham mond. Fort Steven. Gearhart Pk.. Seaside. Astoria, and Seitior Express, Dally. Astoria Express. Daily. 8:00 A.M. 11:10 A.M. 7:00 P. M. f:40 P. M. Ticket oflle 205 Morrison t. and Unloh Depot. J C MAYO. Gen. Pass. Agt.. Astoria. Or. WHITE COLLAR LINE b.U. IaIIuMA. DALLES ROUTE. Winter schedule Lea-.es foot Alder street every Monday. Wednesday and Friday morn ing. 7 A. M. Leaves The Dalles every Tuesday Thursday and Saturday morning, 7 A. M Stops at all way landings for both freight and passengers. ASTORIA ROUTE. STR. BAILEY GATZERT (Alder-st. Deck.) 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 331. Columbia pbca 3tL O CGCEH&SHASXfJ-l! cr g5s 10 riRSATpRTHEBW) 1 V?l V 'J s