HE MORNltfli OKJEQOmAN, THURSDAY, MAT 1, 1SKJ2.
13
COMMERCIAL AND
There have- been eoala marked changes la
agricultcrol products Within the post week, and
tho changes are not wholly to the advantage
of farmers. "Wool underwent a sharp decline In
the East Tuesday, and met with some sym
pathy locally, although there Is hardly enough
business doing as yet to make the matter of
serious Import xtnless It Is followed up as the
season advances. The cause of the weakness Is
said to be due to the strike In the East, and
as this Is something that can be remedied. It
Is not Improbable that there may be a favor
able reaction' by the time the clip Is ready to
go on the market. Potatoes are still boom
ing, and yesterday reached the highest polpt
of the season, atad fortunately, unlike wool,
they are movlne as rapidly as farmers can
get them to market.
Better markets abroad, and comparatively
low spot freights have brought the price of
wheat up to the best figures of the season, and
the late holders nave established a precedent
at last for making more than they would havs
made by selling early. Pork and pork prod
ucts are soaring, and dressed or on foot, bogs
are bringing more money than they have com
manded for many years. Poultry Is also very
strong, with supply Inadequate to the demand.
Weakness Is noted In butter, which declined
2Hc on Tuesday, and Is not too firm at the
reduction. Eggs are also a trifle unsteady, but
not quotably lower. There is but little doing
In hops, and quotations are nominally un
changed. Oats are easy under liberal receipts.
Groceries show but little change. There is
considerable firmness In somo lines, but prices
are the same as last week. Trade, as usual at
the close of the month, was Inclined to be QUlet,
but indications are favorable for plenty of busi
ness during the month opening today.
WHEAT The sal- of 175.000 bushels of blue
stem by a Eureka flat farmer, and of 30,000
bushels of Valley wheat were the two largest
transactions reported within the past few days,
and It Is hardly probable that so large an
amount of the respective qualities will change
hands again this season. The prices which are
now being paid are too attractive to be resist
ed by many of the farmers, and enough wheat
Is being dragged out to force exporters to take
up tonnage whenever It can be secured on a
reasonable basis. Prices, as usual, cover quite
a rangu The big lot mentioned sold
for GTHc, which Js said to be the top-notch of
the season, but yesterday the best open quota
tions that could be secured were G5Jic and 06c,
and some dealers refused to quote above 65c
for Walla Walla. As the differential between
Walla Walla and bluestem Is only about Jc a
bushel, It Is apparent that the big lot of blue
stem mentioned sold for pretty full figures.
Crop conditions are, on the whole, quite fa
vorable, especially In the river counties, and
while the crop will hardly, under any circum
stances, equal that of a year ago, It will stjjl
bo a big one, unless bad luck overtakes It
later In the season. The continued wet weather
Is making It bad for Spring seeding, and there
will be lss Spring grain in the Valley than
there has been at any time In the past 10
years. The weather Is also holding back the
crop so that a late harvest Is certain. Freights
have caused some stir In exporting circles with
in the past few days, and late last week there
was pretty free chartering for new-season busi
ness at 30s. "This seems to be the Tate on
which owners have settled, for exporters are
unable to get them below th,at figure, and &
considerable amount of business has been done
at 30s. Three spot charters have been report
ed within the week at 25a 9d, which is reason
able in comparison with new-crop ships at 30s.
For June-July loading one or two ships ark
offering at 27s Gd and 28s 3d, but the wheat
is becoming so well cleaned out that exporters
do not care to take anything without they
have the wheat where they can get It without
trouble. The Eastern market was steady yes
terday, and ihere Is considerable bullishness
rropping up whenever the weather conditions
sre lost sight of. Norton & Switzler's Chicago
train letter, under date of April 26, bus the
following:
We have had this week one of our sensational
bulges on dry weather, followed by a sharp
break on rains, which were, however, not gen
tral In Kansas, where most needed. Tlje "weath
er conditions temporarily obscured legitimate
considerations, which appear to us very im
portant, and, unless all signs are misleading,
likely to have a material effect upon prices.
We refer to the extremely small primary re
ceipts, and the prospect of their continuation.
All advices agree that Europe requires a large
quantity of American wheat, and tho question
arises is to what we have to spare, Tho
Southwest offers no quantity, and their primary
receipts do not exceed home requirements. Min
neapolis requires its stock and all prospective
receipts for milling purposes, the Mey price
in that market now ruling about lc under Chi
cago, as against a normal discount of about
BH& A leading wheat handier at "Minneapolis
and another at Duluth, both the heads of le
vator systems, agree that It does not seem
probable that Duluth will receive more than
3,000,000 bushels between now and July 31,
This Feems ery small, and If even approxi
mately correct makes the aggregate of Duluth
and Chicago wheat, plus Manitoba supplies
still unsold, aallaable to supply home needs
and an export demand of any -magnitude rath
er an insignificant quantity, with tho- bulk of
supplies In the "show windows" (the visible),
and very small reserves to draw upon, -as the
supplies now in sight disappear. At the de
cline yesterday and today, there has been about
250.000 bushels Chicago No. 1 .Northern taken
for shipment, showing that our market Is on
a healthy basis. Taking It altogether, we can
but reaffirm our opinion that the supply situa
tion warrants higher prices for the old-crop
wheat. Possibly we may have something sim
ilar to the experience in the Summer of 1887
with the tall end of the 1806 crop.
The Cincinnati Price Current, reviewing Its
crop correspondence for the week ending last
Saturday, says:
Weather conditions have been variable during
the past week, and on the whole unfavorable
for the growing wheat crop, with a moderate
decline In the prospects. The general condl-,
tlon of the plant, however, is fair. Warmer
weather has prevailed during the past few
days, which was favorable for the plant In
localities where there was sufficient moisture;
such localities were In the principal Southern
States and scattering over Ohio, Indiana and
Illinois. Over most of the Winter-wheat area
the warmer weather was accompanied by high,
drying winds, which, in connection with the
deficiency of moisture, was unfavorable. Late
mall advices from Europe suggest a favorable
outlook for the world's wheat crop this season.
The paBt week was favorable for farm work,
and much progress was made. Oats are prac
tically all sown now; the crop Is having a
rather poor start. Corn-planting has progressed
as far north as Kansas, Missouri and Southern
Illinois. The crop is doing well 4a the South
ern States, and conditions are favorable for
planting In the more Northern States. It Is
Intimated that there will be a large Increase
li the acreage of corn planted in the North
western States, where the grain has pot been
extensively grown heretofore, but, with an In
creased tendency to raise cattle and to diver
sify farming, there is more Inclination to en
larged production of corn. Pastures are mak
ing a slow growth. Meadows are In fair con
dition, but will need considerable more rain In
the Western States, for a favorable outcome
The Interior movement of grain Is light, large
ly because farmers are ery busy with field
work, while the weather is favorable for It.
WOOL The local wool market Is rather
quiet, but prices have Bhowed but little change.
With so little business doing, most of the deal
ers have paid but little attention to the tem
porary decline In the East, which Is due to la
bor troubles, and while quotations are to a
considerable extent nominal, they show no
change since last w eek. Prior to this week's
labor troubles, the Eastern market Is thus re
viewed by the New York Journal of Commerce,
under date of April 20
Reports from different quarters in the vool
market are all to the efftet that business Is
dull, and the market decidedly quiet. There
have been few sales of any sis. In the market,
as the majority of mill Interests lpi not appear
to be in any immediate need of supplies and
though representatives have visited the market
during the week, it has been mainly for the
purpose of keeping in touch with the trend of
the market.
Sales Xor the past week In pulled wools have
ben very moderate, B supers arc scarce and
firmly held at 35c Sample bag lots have bej
taken, but little, outside of Jhls hasVbeen cc
compllshod. The market for territories has
been slow In raedlun cd low grades, with a
FIHANG1AL NEWS
light demand for finer qualities, oa which,
owing to ready supplies being limited, firm
prices Have been secured.
Interest at present la turning to the wool
raising centers, and representatives from many
of the leading housts In this market have left
for these points in order to look after future
supplies. Carpet wools are decidedly slow, and
the market remains without change or develop
ment over last week's report.
HOPS The only business reported In hops
this week is In new-crop contracting, of which
a limited amount of business Is still being han
dled. Advices from the .East report a harden
ing market due to an Increase in the demand
from brewers. Advices received from Treasury
Department at Washington rtport that the
number of barrels cf beer on which tax was
paid during March was 3,357,009 barrels,
'against 2,883,000 barrels same month last year.
The total number of barrels of beer on which
the tax has been paid thus far In 1902 Is 8,603,
488 barrels. Including 2,822.852 barrels In Jan
uary, 2,486,527 barrels In Foruary and 3.357.
009 in March, last year the total for the same
period was 7.573,074 barrels, Including 2,3C7.
372 barrels In January, 2.813,032 barrels In
February and 2.603,570 barrels In March. The
total number of barrels of beer on which the
tax was paid during the calendar year 1001
approximated 42,500.000 barrels. Should the
present ratio of Increase as established by the
first three months of 1902 be continued. It Is
figured that the sales for this year will be In
excess of 46.000,000 barrels. This, If true, will
naturally mean a corresponding Increase In
consumption of hops, and was brought forward
as an argument by those who are believers In
the hop market.
The Watervllle Times, of the date of April
22, says:
There Is nothing new to report concerning
the yards, work In which is rapidly going for
ward. With the warm weather that seems to
have come the roots are starting nicely In the
newer yards. The old ones are not reported as
good. Last week the last lot of 1001 hops in
the town of Parlsjfcras sold. It was the growth
of E. & J, Hams, and brought 18c. This
week the last lot In the town of Brookfleld
was disposed of. It was owned by Ernest
Collins, and consisted of 21 bales, and was
sold for 58c
POTATOES Spirited bidding by local buyers
early In the week forced the price of potatoes
up to $1 75 per cental, and there are reports
that even this figure was exceeded. At the
time these prices were paid the condition of
the market hardly warranted them, but this
has been a very accommodating potato market
this season, and whenever a buyer has steppod
oer the bounds between profit and loss, the
market has followed Aim right up and saved
him. This It will probably do with the present
buyers who are now bidding up. Receipts are
very heavy, and It Is expected that the next
steamer to leave will take away a much larger
consignment than the 5000-sack lot which went
south on the lost steamer. New potatoes are
becoming more plentiful, and the price Is low
er, good stock now selling in a small way at
SSic per pound. Ordinary old Burbanks sell from
Wl 25 per sack, and are more plentiful than
the fancy upland Burbanks, which are selling
for the top figure.
GROCERIES AND PROVISIONS The sugar
market has remained unchanged for over threo.
weeks, and within the last day or two there
has been a little better demand locally, al
though most of the retailers are carrying such
large stocks that it will be ome time before It
will be necessary for them to replenish them.
Wlllett & Gray's latest circular has the fol
lowing "regarding raw sugars:
Tho past day or two, during which the bill la
In the hands of the Senate committee, has
given encouragement that action of a. desirable
kind Is not far off. We think It may safely
be said that more harmony. Instead of less,
will prevail, and that every effort will be made
to pass a bill giving some relief to Cuba
through a reciprocity treaty; without bringing
in othtr matters not connected with It Grind
ing will soon csase as a- result of present un
favorable conditions, and we have reduced our
estimate of the crop to 750,000 tons. The prep
arations for the next crop cannot, of course,
go on, and Indications now point to little Im
provement In that direction for the next sea
son, unless the situation is made to Improve
by prompt and conservative action, say 20625
per cent concession, If no more can be har
moniously agreed upon for quick final result.
The European markets are weak, being af
fected by Mr. Llcht's estimate of only 612"
per cent reduction In the beet sowings of all
Europe, Indicating but 380,000 to 830,000 tons
smaller crop next season, which is less" reduc
tion than bos been anticipated.
Other lines of groceries remain unchanged,
wtlh a good trad, reported In staples.
BUTTER The butter market has made a
rapid descent since Jt started down from firm
at 30c per pound a few weeks ago, and Is now
weak at 17Hc, with receipts pouring In at a
rate that causes dealers to wonder how much
longer they can stand the strain without put
ting It down mother notch. Every creamery
In the country Is Increasing Its output, and as
the outside demand is of only moderate pro
portions, and dealers do not like to put It In
cold storage. It requires great effort to prevent
It piling up and making trouble. Store and
dairy are .also weak in sympathy with fancy
creamery, and 20c and 25c per roll Is the best
price that can be secured for store. Since the
prico has dropped to 17Hc Portland dealers
have a better show to get Into markets that
have heretofore been securing supplies from.
"San FrancUeo, and some steadiness may fol
low the present stagnation If "this outside de
mand can be worked up.
EGGS The egg market Is drifting along on
even keel, with single-cose lots moving all
right at 16c and round lots available at from
le less. Receipts arc not hMtvy, but as the
demand Is also moderate,-there Is not much
.strength to tho market.
POULTRY Chickens-sxe so" scarce -that deal
ers have great difficulty to secure enough to
go around even on a scanty division among
meir customers. Airoosx. any Kina pf an xld
chicken will sell for ?55 BOper doien, and
large fat hens will bring as high as 87 per
dozen. Quite a Tew new-crop Springs ore com
ing In, and where they are of pood slse, they
sell at unusually high figures, one coop of
fine-looking birds, which must have been
I hatched about Christmas, celling yesterday- for
$7 per dozen. This Is an exceptional figure,
however, and most of the offerings sell around
$4 605 per dozen. Ducks and goese are In
fair demand at nominal quotations, and there
la very little demand for turkeys, the difficulty
In securing a turkey at this season of the year
being so great that most buyers do not try to
secure them.
Bank Clearings.
, . Exchanges, Balances.
Portland $301,553 f5.148
Tacpma 175.157 29,001
Spokane 211.018 20,700
PORTLAND MARKETS.
Grain. Flour, Etc.
Wheat Nominal; Walla Walla, 65365Hc;
tluesteme&etoHc
Barley Feed. 20C21; brewing. $2121 50 per
ton.
Oats No. 1 white. $1 20; gray, $1 101 15
per hundredweight.
Flour Best grades, $2 653 40 per barrel:
graham, J2 50S2 SO.
' Mlllstuffs Bran, S1G017 per ton; middlings.
510: shorts, 17 50318 SO; chop, 210.
Hay Tlmouiy. $12 15; clover,. $7 50&10 per
ton.
Potatoes and' Onions.
Potatoes Best Burbanks ?1 401 65 per cen
tal; ordinary, $1 25: Early Rose. $1 cog
2 per cental, growers' prices; sweets, 12 230
2 50 per cental; new potatoes, 34c per pound.
Onions f2 per cental, growers' pricts.
Butter, Effcs. Poultry, Etc
Btftter Weak. Creamery, l&SlTlic: dairy.
12ViS15e: store, 10ffl2Hc
rugf isaiBc
Cheese Full cream, twini. 12'aS13c; Toun
America, MitlSc; factory prices, ili4.c less."
Poultry-Chicken, mjxed. J4 0OS3 5O; hen.
fffn per doien,. llHHc per pound; Sprlnss.
UQ& Ptr dascn: ducks. $5r, per .doen
turkeys, livT 12(7180-; dressed, neiGe, per
pound: gtttt. $0"30T per dozen.
Meats and ProTlstonsY
Lard-Portland, tierces. 12fctfl2;c per "pound;
tubs. 13c; SOs, 13c; 20s, 13c; 10s, 13c; Cs,
lStfe,
Veal SHSc per pound.
Mutton Gross, 4 He per pound; dressed, 7Hc
Lamb Gross, 5c per pound; dressed, 8c
Hogs Gross, 6Hcper pound; dressed, 7$8o.
Beef Gross, cowz, 4iQ Pr pound; steers,
6c; dressed, S8Xc.
Lard Eastern, pure leaf, kettle-rendersd,
tierces. 1212Hc per pound; tubs. 12K13c; 50s,
12H13c; 20s. 12ft13Kc; 10s. 12K13Uc; 5s.
12ei354c; 3s, 13613fcc
Lard Compound, tierces, 8c per pound; 60s,.
SKc;. 10s, 10c
Hams Portland, 13ic per pound; picnic, 10c;
shoulders, 10c
Hams Eastern Best, JSHc per pound; smalt,
18Uc; large, 13c
B&con Portland. UQltMc per pound: East
ern, best, 16c; choice, lWUc: bellies. n
613c
Dry-salted meats Portland, clears, 11H9
I2Hc; backs. Uei2c; bellies, 12013c; platts.
10c; butts. 10c Eastern Clears, best, 12JIO
13Kc per pound; choice. llgi25io; backs,
ll12c; bellies, I213c; plates, ll12c
Vegetables, Frnlt, Kte,
Vegetables Tomatoes, SI 75JJ2 per cratej tur
nips, 63e75c; carrots. 05Q75c; beets, 60390c pr
sack; cauliflower, 753&5c per doxen; cabbage,
$191 25 per cental; celery, 75c per dozen; peas,
4c per pound; asparagus, 77J4e per pound:
bcaps, 15018c per pound: artichokes, 65673c
per dozen; lettuce, head, ptr dozen, 25c; let
tuce, hothouse, per box. $1 75g2; green onions,
per dozen, J520c
Green fruit Lemons, 3?3 50; oranges. 32 76
63 60 per box; bananas, 42 25$3; pineapples,
$5 per dozen: apples, J162 25.
Dried fruit Apples, evaporated, 7H310C per
pound; sun-dried, sacks or boxes, 67e; apri
cots, 11&135c; peaches, 8llc; pears, OQlOc;
prunes, Italian, JSoJ figs, California, blacks.
405c; do. white, 6c; plums, pitted, 45c
Hops, Wool and Hides.
Hops 12H15c per pound.
Sheepskins Shi snrgs, 1520c; short woo'. 25
35c; medium wcoJ, 30360c; long wool, GQcSfl
each.
Tallow Prime "pe pound, 45c; No. 2 aaJ
grease, 2HJ3-:
Wool Nominal; Valley, 12014c; Eastern Ore
gon, 812c; mohair, 23VJc per poundl
Hides Dry blues. No. 1, 16 pounds and Up,
I515Kc oer pound, dry kip. No. 1. S to 15
pounds, x2e: dry calf, No. 1, under 5 ptun-ls,
10c; dry sahrd, bull and stags, one-third ies
than dry flint; r sited hides, steers, sound CO
pounds and over, 80c; 50 to 60 pounds, 7fetf
Sc; under 50 pounds and cows, 7c; stags and
bulls, sound. 6GtHc kip, sound, 15 to W
pounds, 7c; veal scund, 10 to 14 pounds, Jej
calf, sounl, uudrr 10 pounds, 8c; green (up.
salted), lc prr porna less; culls, lc per pound
less; horse hide, salted, each. SI 5002; -iry,
each, S101 50; colts' hides, each, 25050c; goat
skins, common, each, 10015c; Angora, with
wool on, each, 25c0l.
Pelts Bear skins as to size. No. 1, each, 5
020; cubs, S205; badger, each, 10040c; wild
cat, 25050c: house cat. 5010c; fox, common
gray, each, 30050c; do. red, each, SI 5002; do.
cross, each. S5015; do. silver and black, each,
S1OO02OO; flsher. each, S506; lynx, each, $20
3; mink, strictly No. 1. each, 6Oc0$l 60; mar
ten, dark Northern, $6012; marten, pale, pine
according to slse and color, $1 5002; mUskrats,
large, each, 6010c; skunk, each, 40050c; civet
or polecat, each. 6010c: otter, for large prime
skins, each. $507; panther, with head and
claws perfect, each, $203; raccoon, for large
prime, each, 30060c; wolf, mountain, with
head perfect, each, $3 5005; wolf, prairie (coy
ote). with head perfect, each. 6Oc0$l; wojf,
prairie (coyote), without head, each 50080c;
wolverine, each, $407; beaver, per skin, large,
$500; do. medium, $304; do. small. $101 60:
do. kits. 60076c
Groceries, Jiuta, Etc.
Coffee Mocha 23028c; Java, fancy. 26032c;
Java, good, 20024c; Java, ordinary, 18020c;
Costa Rica, fancy, 18020c; Costa Rica, good,
16018c; Costa Rica, ordinary. 10012c per
pound; Columbia roost, $11; Arbuckle's. $ 63
list; Lion. $11 13 list; Cordovas, $11 63 list.
Rice Imperial, Japan No. 1, $5; No. 2. $4 60:
Carolina head. 7c
Beans Small white, 3c; large white, Sc;
pinks. 2Jic; Bayos, 3V4c: Lima, 4He per pound.
Salmon Columbia River, one-pound tails,
$1 7501 DO per dozen; two-pound talis, $3afsn
cy one-pound flats. $1 80; -pound fancy jlats,
$1 25; Alaska tails, 05c; two-pound tails, $2,
Sugar Cube. $t 70; crushed. $4 60; powdered.
$ 66; drj granulated, $4 33; oxtra C, $3 85
golden C, $3 75 net per sack; beet sugar, $4 30
per sack; half-barrels, q more than barrels;
sacks. 10c per 100 less than barrels raaple,
15016c per pound.
Nuts Peanuts, 6H06o per pound for raw, 80
8c for roasted; cocoanuU, 85000c per dozen;
walnuts, lli2Hc per pourid; pine nuts. 10
12c: hickory nuts, 7c; chestnuts. $3 O0B per
drum; Brazil nuts, 7c; filberts. 15016c; fancy
pecans. 14014Uc; almonds. 15H01&C,
Honey 124015c per pound.
Grain bags Calcutta, $0 12H06 23 per 100
for July-August,
Coal oil Cases, 20c per gallon; barrels, 16c;
tanks, 14c
Stock salt-oOs. $2u 65; 100. $20.15; cm ml.
Isted, 60s. $29 CO; Liverpool. 60s, $30 SO; 100s.
$30 40; 200s, $30,
GRAIX SfARKETS,
Fair Bnll Movement in Whct at
Chicago and Slight Advance.
CHICAGO. April 8a Considering tho fact
that this was the last day of the month, and
preceded one of the four big delivery days of
the year, there was a fair bull market In
wheat. Bullish news was present In good force.
Receipts were Arm; Kansas reports were still
complaining of Insufficient rains, and various
counties In Minnesota and South Dakota re
ported a decrease In the Spring wheat area
amounting to 20 per cent. Some fair early
buying by the leading corn bulls started prices
up well. There was the usual changing, how
ever. July being taken up for May at lUo
spread. The quietness of the market helpod
bears In their courage to sell the further op
tions, and tho advances were not held. July,
which sold early at 76Uc, closed a trifle better
than yesterday, HUc up, at 76?c .
Corn trade was quiet and uneventful. Most
of tho business was that of changing from May
to July. July closed weak, He lower, at C3H0
63-Sc
Oats were very dull. July closed Vsc lower,
at 38c
The leading futures ranged as follows:
WHEAT.
Opening. Highest Lowest. Closing.
May .$0 74ft $0 74 $0 74V $0 74
July ...a 75 76U 75 74
September ... 74 75ft 74 75
CORN.
May 62 62 61 0i
July 63 64U 63 63
September ... 62- 63 62 62
OATS.
May 42 42 41 414
July (old) ... 34 v 35 34 84
July (new) ... 80 36 86 86
Sept. (old) ... 20 31 20 29
Sept. (new) .. 31 31 31 Sl
M?SS PORK.
May 1067 1876 1665 10 65
July 16 00 10 95 16 80 16 80
September ...17 07 17 07 16 85 16 05
LARD
May 905 10.00 037 9 87
July 1002 1007 007 997
September ...1015 1017 10 07 10 07
SHORT RIBS.
May ,.037 037 935 0 35
July 942 047 9 40 0 40
September 0 62 9 65 0 60 0 60
Cash quotations were as fellows:
Wheat No. 3 Spring. 74c; No. 2 red, 82
084c
Oats-No. 2, 4242c; No. 2 white, 450
45c; No. 8 white. 44045c
Rye No. 2, 6905Oc
Barley Fair to choice malting, 67071c
Flaxseed No. 1, $1 67; No. 1 Northwestern,
$1 70.
Mess pork-$16 60016 65 per bbl.
Lard $9 9701O 02 per cwt.
Short ribs sides Loose, $9 3000 40.
Dry salted shoulders Boxed, $7 7508. """
Short clear sides Boxed, $9 90010.
Clover Contract grade, $8 35.
Butter Steady; creameries, 17022c; dairies,
17020c
Cheese Stead, 13c s
Eggs Firm. 15c
. Receipts. Bhipm'ls.
Flour, barrels 20,000 13000.
Wheat, bushels 61.000 47.000
Corn, bushels 73,000 88 000
Oats, bushels 210.000 170,000
Rye, bushels 3.000 1,000
Barley, bushels ............. 2C.000 2.000
Vevr York Grain and Prodnce.
NEW YORK. April 30. Flour Receipts, 10,
GCft barrels; exports, 7SC0 barrels. Market dull
and easier, being a shade lower to sell. Min
nesota patents. $3 0004 15.
Wheat Receipt, 227,175 bushels; exports,
15.998 bushels: spot dull; No. 2 red. STvc eje
atorNo. 2 red, 80a f. o. b, afloat; No, 1
No-thcm Dulqth, 34o X o. h. afloat; No, 1
hard Manitoba, 87c f. o. n. afloat.
Early in tho day and up tq 1 o'clock wheat
ruled quite firm on higher cables, dry weather
in TCansa, heavy decrease In visible supply
stocks. Subsequent realizing, however, aided
by predicted showers, the market eased off and
closed barely ctt&dy at 0c net advanC.
ilay, 8O081isc, closed Sic, July, S0igSlt,e,
closed Slttc; September, 80UCS6ll-16c closed
0tfc: December. SI ll-19f Ufa, closed ollfc
Hops Firm.
Hides Firm.
Wool-Quiet.
San FraBels Grata Markets.
SAN FRANCISCO, April 30.-Wheat steady.
Barley easier. Oats quiet, but steady.
Spot quotations;
Wheat-Shlpplngi $1 11; milling, $1 120
1 15.
3Jarley-yeed. 93K093c; brewing. 97c0?l.
OatsRed. $1 38! 40; white. $1 271 43:
black. $H60r27.
Call board sales:
Wheat Steady; May, $1 10; December,
$1 05 bid; cash. $1 11.
Barley Easier; May, 90: December, 77c
Corn Large yellow, $1 8701 45.
Changes la Available Sapplles.
NEW YORK, April 30. Special telegraphic
and cable advices received by Bradstreet's show
the following changes In tho available supply,
as compared with lost week:
Wheat "United .States and Canada, east of
the Rockies, decreased 6,878.000 bushels; afloat
for and In Europe, decreased 800,000 bushejs;
total supply decreased 8,878.000 bushels.
Com United States and Canada, east of the
Rockies, decreased 911,000 bushels.
Oats United States and Canada, east of the
Rockies, decreased 685,009 bushels.
T '
Earesean Grain Markets.
LONDON, April 30- Wheat Cargoes on pas
sage quiet and steady; cargoes No. 1 standard
California, 30s; Oregon, 80s. English country
markets strong.
LIVERPOOL, April 30. Wheat steady; No.
IV standard California, 6s 4d, Wheat and
flour In Paris quiet. French country markets
dull. Weather In England overcast.
SAX PRAXCISCO MARKETS.
SAN FRANCISCO, April 30. Wool Prices
have been withdrawn, as the market Is bare of
offerings.
Hay Wheat, $8011 60; wheat and oat, J8
11 60; best barley, $75000; alfalfa, $8010 60;
clover, $708 60 per ton; straw, 40060c per
bale.
MlUstuffs-Mlddllngs. $20 60021 60; bran.
$17 60018 per ton.
Vegetables Green peas, lc per pound:
string beans, 1012c; asparagus, $2 35; to
matoes, 75c$160; cucumbsrs, 35c0$125 per
box; garlic, 203$ per pound; tgg plant, 17o.
Potatoes Early Rose, $1 6001 70: River Bur
banks. $1 4001 60; River Reds, $1 6001 60; Ore
gon Burbanks. $1 6302; sweets. $2 per cental.
Hops New crop. 15017c
Onions $1 5002 60.
Bananas $102 76.
Citrus fruit Common California lemons, 73c
0$1; choice, $2 60; Mexican limes, $405; or
anges, navel, $102 75. .
Pineapples $304.
Apples Choice, $1 75; common, 60c per box.
Eggs Ranch, 16c
ButterFancy creamery, 18c; fancy dairy,
17c per pound: do seconds, 15c
Cheese Young America, 8010c; Eastern, 13
15e: new, Qc; do old. 8011c
Poultry Turkey gobblers, 13014c; turkey
hens, 15010c per pound; old roosters, $3 7604
per dozen; young roosters, $607 60; small broil
ers, $203; large broilers, $3 5004 50; fryers,
$4 6005 per dozen; hens, $3 5005: old ducks,
$4 6005; young ducks, $708.
Receipts Flour, 18,232 quarter sacks; wheat,
74.687 centals; barley, 1595 centals; Oregon
oats, 600 centals; beans, 3885 sacks corn. 170
centals; potatoes, 639 sacks; bran, J140 sacks;
middlings, 101 sacks; hay, 341 tons; wool, 650
bales; hides, 258.
EASTERN LIVESTOCK,
CHICAGO. April 30. Cattle Receipts. 1800,
Including 20 Texans. Market slow and 150230
lower. Good to prime steers. $6 7507 30; poor
to medium, $4 6006 40; stoakers and feeders,
$2 5005; cows, $1 4006; htlfors, $2 6006 25;
canners, $1 2502 30; bulls, $2 6005 60; calves.
$205 35; Texas fed steers. $5 2306 25,
Hogs Receipts todayj. 25,00Q; tomorrow, 28,
000; left 'over, 6000. Market JO015e lower.
Mixed and butchers. $6 7507 20; good to choice
heavy; $7 1507 30; rough heavy. $0 8507 10;
light, $6 6504 80; bulk of sales, $6 SO07 10.
Sheep Receipts, 1300. Market for sheep
steady; lambs, 10c lover. Good to choice weth
ers, $5 6006 10; fair to choice mixed. $4 750
& 50; Western sheep, $3 2606 10; native lambs,
clipped Colorado wooled lambs, $7 15.
OMAHA, April 20. Cattle Receipts, 3200.
Market slow, 10016c lower. Native steers,
$4 8006 85; cows and heifers, $3 7605 75;
Western steers, $4 6006; Texas steers. $4 25
5 CO; canners. $1 5002 75; stackers and feeders.
$2 7305 15; calves. $2 6006 60; bulls, stags,
etc, '$2 7605 60.
Hogs Receipts, 12,200. Market slow to 10c
lower. Heavy, $707 20: mixed, $6 8007; light,
$6 7007; pigs, $5 3006 60; bulk of sales, $6 83
7 05.
Sheep Receipts, 500. Market steady. Fed
muttons. $5 2506; Western, $4 4005 75; ewes,
$4 5005 60; common and stockers, $3 2506 83;
lambs, $5 5006 80.
KANSAS CITY, April 80. Cattle Receipts,
6000, Including 600 Texans. Market steady,
10q lower. Native, steers, $5 7007 25; Texas
and Indian steers, $506 20; Texas cows, $3 60
05 23: native cows and heifers, $3 6006 75:
stockers and feeders, $3 2305 60; bulls, $3 69
05 28; calves, $4 6006.
Hogs Receipts, 11,000. Market 5010c lower;
bulk of sales, $5 8507 10. Heavy, $7 1507.23;
packers, $8 8007 15; medium, $707 20; light,
$6 60$7 10: Yorkers, $707 10l pigs. $6 1306 60.
Sheep Receipts, 2000. Market steady. Mut
tons. $5 6005 80; lambs, $6 4006 85; ewes.
$5 6603 8a
Metal Markets,
NEW YORK, April, 30, Prices for tin wre
raised at home and abroad today. The gain at
London was 1 5s. with spot closing at 130
and futures at 127. At New York the gain
was close to c with spot closing at 23U0
28c
Copper was 2s 6d higher at London, where
spot and futures closed at 32 6s. The New
York copper market was quiet. Lake closed at
1131012c and electrolytic and costing at 11
11C. Standard copper for spot to August de
livery was quoted at 11011,16c.
Lead was steady, but Unchanged' here at 4c,
but London was Is 3d higher, at 1 13s.
Spelter ruled steady here at $4 42. and
gained Ss palif at London, closing at 18 2s Gd.
The New York iron market was steady and
unchanged. Pig Iron warrants nomlna. No. 1
foundry Northern, $18020; No. 2 foundry
Northern, $18010; No. 1 foundry Southern,
$17 '50018; No. 1 foundry Southern soft, $18.
English markets were lower, with Glasgow
closing at 63s 3d. and Middlesbqro at 48s 4d.
Bar silver, 61c
SAN FRANCISCO, April 30. Bar sliver, 31c
LONDON, April 30. Bar silver, 23d per
ounce
CoSCee and Sncar.
NEW YORK. April 30. Coffee Spot Rio
quiet; No. 7 invoice, 55 7-l&c; mild quiet;
Cordova, 8K012c.
Sugar Raw firm; fair refining, 3c; centrif
ugal, 80 test, 8c Molasses sugar, 2c; re
fined firm.
Coffee futures closed steady, net 6010 points
higher. Total sales were .10,750 bags, includ
ing: April, $4 69; June. $5 15; August, $3 35;
November.. $5 65; December, $5 5505 60; Feb
ruary, $5 75.
SAN FRANCISCO, April 30. Sugar and cof
fee quotations unchanged.
Cklcaee Previsions.
CHICAGO, April 30. Provisions were weak.
Influenced by liberal receipts at the yards, low
er prices and fair selling. July pork closed 20o
down, lard 12015c down, and ribs 10c lower,
Cetten,
NEW YpRK, April 30, The cotton market
opened firm, with prices 8011 points higher,
and closed steady, with prices 207 points
hirher.
Idaho Xeteq,
The Shoshone County CoramlEsIonara
issued 63 aaloon licenses at their last
session.
Amopg; the extensive Improvements to
be mads this Summer by the Ealzerford
Company at Its Rapid ljUver mlpes Is a
GcOO-foot tramway lor moving ores.
The Kootonal County Commissioners
met in Kathdrum Saturday and did some
salary cutting anions the county officials.
Tho silarlw for the next t,wo yoara are
as follows: Sheriff, reduced from $2000 to
$1500; Assessor, raised from 42500 to $3000;
Auditor. Cut from $2000 to $1300: Treasurer,
ha me, fiKO; Superintendent, same, $1200:
Probsts Judge, cut from $1200 to -JS00;
Coroner, raised from $3W to $200 Sur
veyor, same, $t00.
STOCK TAKES A BIG DROP
UCTBRX ATIONAL PO"WTBRS, NET DE
1 CL1NE 19 78 POINTS.
Develops a Servass and Feverish
- - Tone la Wall StreetStlffealBg
la Mon7 Kate. ,
TfEW TORK, April 30. A nervous and fever
ish tone developed In today's stock market, prln.
elpally as the result of the extraordinary move
ment In International Power, with several con
tributory causes, including a stiffening in tho
money rate, the uncertainty incident to prep
aratlos for May disbursements, tho outcome of
the anthracite labor conference, and renewed
reports of the need of rain in the Southwest.
International Power opened at 197, a decline
ofa point from yesterday's close. It recovered,
ard then slumped, by successive stages of 103
points, to 163. It then rallied 20 points. Jumped
as much as 5 points between sale, and fell back
again to 162. Apparently, no bids could ba
secured for the stock, and it was neglected for
an hour, until Just before the close, when a
sale was effected at 120. The day's net de
cline was 78 points. Yesterday the stock sold
at ISO, which was th- record price. For mapy
days previous, successive records had beert e
ablisbedv In February the -stock sold at 80.
ftrid In March tho present move started below
PO. -It has been accompanied, of late by many
outgivings of large acquirements of new prop
erties by the company, and by the payment
of 2 per cent dividend, whleh was called quar
terly, after providing for the preferred stock
requirements. The character of the movement
has bqen viewed with skepticism fof som time,
and has attracted very little outside following,
TVUbln a, day or two profits of many points
hivV been taken on a few light holdings. The
ofllcera of the company could give no Intelligible
explanation of today's happenings beyond the
obvious fact that supporting orders had been
withdrawn. The closing quotation for the
stock was 75 bid and 150 asked.
This movement had some sentlmentnl in
fluence qji the rest of the market which, nat
urally was most pronounced in industrlali,
especially In those regarding which little defi
nite Information la known. Tho declines run
ning front 2 to 5 points in the American Lo
comotive stocks, Railway Steel Spring, .Amer
ican. Grass Twine and Colorado Fuel may be
cited as examples. The higher-grade Indus
trials were not so much affected, although, the
United States Steel stocks, continued heavy.
Amalgamated and Sugar were higher, the- lat
ter rising 2 points at one time. Spirited buy
ing of Chicago Great Western, & rise of 4
points In Illinois Central, and over 2 points
each in St. Paul and Rock Island had a sus
taining Influence In the railroad list for a
time, but prices gave way there In the unset
tled state that developed. The effect of at
tempts to market stocks, which were previous
ly manipulated, as seen in the 6-polnt drop
lh Northwestern. 13 In Chicago, St. Paul,
Minneapolis & Omaha preerred, and 5 In
Keokuk &; Des Moines. There was some catl
ing of loans following the flurry in certain
stocks.
The resulting rise In tho money rate, and the
recovery In sterling exchange, at Paris, appar
ently, had the effect of further deferring gold
exports.
The bond market was active and prices were
jower, Jp sympathy with stocks. Total sales,
par Value, $3,800,000. United States bonds were
all unchanged on the last call.
Closing1 Stock Quotation's.
DESCRIPTION.
8
1-
Atehtsbn ex dividend).
do pfd
Baltimore & Ohio
do pfd ,.
Canadian Pacific
Canada Southern
Chesapeake it Ohio
Chicago & Alton,,...,.
do pfd ,...
Chicago, Ind. & Louts..
do pfd
Chicago & Eastern 111..
Chicago Great Western.
do A pfd. ............
do B pfd
Chicago & N. W
Chicago, R. L & Pac.
Chicago-Term. & Tran.
do pfd
C,; C,, C. & 8t Louis
Colorado Southern .,.
4o 1st pfd
fio2d Pfd
Delaware & Hudson...
Del., Lick. & Western.
Denver & R16 Grande.,,
At) pfd
Erie
do 1st pfd
dc 2d Pfd, ...
Great -Northern pfd....
Hocking Valley
do pfd
Illinois Cential
Iowa Central
do pfd
Lake Erie- & Western..
do pfd .,
Louisville & Nashville.
Manhattan Elevated ...
Metropolitan Street By.
Mexican Central ......
Mexican National
34.400
4.000
4.300
81
7?
80
08k
4P
96
1088
108
1001
96
95
126
&
76
8
10.100
127
126
2.100
00
48
4.100
1,800
37
7,0001
70
S1U
88
81i
200
400
71.000
106
1K
165
20
90
48T4
? w ?
SOO
88
88
2.200
4?
47
3.10Q
3,700
300
600
271
204
266
180
17T
38
105
178
,88
106
f&
177 M,
-tin
80
300
100
2,800
200
TOO
B.bOO
0U
500
9.20
2.100
600
31fe
74
45
K
43
179
43'
81
B
170
284
43;
43
91
39
60
54ft
ISO
of4
iw
87
07
1:3
70
65
84
0l4
800j
COO
83
53.S
163i
160
49
oy
200
07
67
'."lOO
16.700
127jl28
131
134
700
4.400
12.600
-1.200
3.0O
4,300
8,600
200
17,600
1.400
Iti
!X8u
lil 2S!
JV
io
Minn. & St. Louis
113H113
Missouri Pacific
Mo., Kansas & Texas..
do pfd
New tfersey Central,...
New York- Central ....
Norfolk & Western.....
do pfd
Ontario & Western...,,
Pennsylvania ..,.,....
Reading
do 1st pfd..., ,,
do 2d pfd
St. Louis & San Fran.,
do 1st pfd...,
' do 2d pfd
SL Louis S. W ,
do pfd
St. Paul ....-,
do pfd ,
Southern Pacific ......
Southern Railway .....
do pfd , ...,....,
Texas & Pacific
Toledo. St. L. & W...
do pfd
Union Pacific ,
do pfd
Wabash ,
'do pfd
Wheeling &. Lake Erie
do 2d pfd ,
Wisconsin Central ...,,.
do pfd
Express Companies
Adams ,....
American ..v
United States
Wells-Fargo ,
Miscellaneous
Amalgamated Copper ..
Amer. Car & Foundry..
do pfd ,....
American Linseed Oil.
do pfd
Amer. Smelt. & Refln..
do pfd ..; ,
Anaconda Mining Co..,
WftllWft
ZOft
07fe 6794
Ml
V4H
160,
100
68'
01
2001
00i 00
8.3U0
Wi 34
34,100;
161 ,
48.300
1,700
9.200
600
400
400
100
05
S3
TtJi
6IX
8Sfe
057
83'
73
73
zu
20
80a
172w
152,700
"1
2,200
12.000
101 192
0C 67-h
36V4 80
95 96
4 42
22 22
SiHii 30-k
103104
5I 7i
26-hl 2iU
14,500
1,1001
2.200
noo
2.000
32,600
1,000
13,600
21.600
45'sl 410lt
Si
I 22lkf 22-.
SHtl 35m SUV
13.000
3,200
2T! 26t 28ia
60
40J4
40
210
2J0
118
210
15.800
3,100
SOO
5,700
700
1.20U
300
.500
03
30
68
05
90
20
'
43j 43
05
95'A
111
68
106
111
69
106
Brooklyn Rapid Transit
14.100
Colorado Fuel & iron..
41.600!
Consolidated uaa
ConL Tobacco pfd....
General Electric
Hocking Coal .........
International paper ..
fdo pfd r.,
International Power ..
Laclede Gas
National Biscuit
National Lead
National Salt
7.100J227
225
226
Z,3UU
121
20
'74
75
121
1UUI
200
37
20
21
75
85
"400
1,700
300
1,100
50
50
60
20
iai
63
10J 10ls
....'
,. jM
U0 piu ....... a......
North American
;Ld??i
2.000
128
120
racznc coast, .
Pacific Mall .,......
People's Uas
Pressed Steet Car...,
do pfd
Pullman Palace Car.
Republic Steel .....
do pfd
Sugar
200
t
68
42
104
45
85 Vl
1,500
4,200
2,100
200
2.400
1,200
13,200
7,200
240
10
74
0s
8?
17
60
42
S
3d
04
26
50
Tennessee Coal & Iron.
Union Bag & Paper Co.
ZUU
100
do pfd ,,.
United States Leather
do pfd
United States Rubber.
do pfd
United States Steal...
do pfd ,
Western Union
American Locomotive
do pfd
Kansas City Southern
do pfd .,...,..
14,600
1.600
400
13,300
ll.lOOj
1.400
42
36
42
&
02
si
9d
SIS
65,600
000!
800
Total sales for the day, 1,057,000 shares.
BOND84
U
r. S. 2s. ref. reg.l00Atohlson adj. 4s... 04
do coupon .,.,..100HC. & JS.W. con. 7s.l30
do Ss. r MRS. 1 TV g- T n. tm i'
do coupon ...... 100N. Y. Central l'sts!l04
do new 4s, reg-lSS (Northern Pac 3s.. 74H
do coupon
do old 4s.
... 130ft! do 4s
..1054
reg...lll4
C.i,ak -r, . rt
do coupon
do 6s, rtg
do coupon
ouuiucni J ac. 40,, oj
111V)
105
107
union i-aciac 4...105
West Shore 4s 118
We. Central 4s.., 04
t
Stocks Ih LesdoB.
LONDON", April 30. Closing quotations:
Anoconua., ... .. a:-
Atchison 81
Norfolk & West... G0H
KB PiO ,, SO
Ontario West... 355
do pfd ,,,.101H
Bait, &. Ohlo.,...HlttPenn5ylvanla
fn.
jtakiuu iiimIoim
Reading
Downing, Hopkins & Co.
Established 1893.
WHEAT AND 'STOCK BROKERS
Room 4, Ground Floor Chamber of Commerce
THE
Marconi Wireless
Telegraph
OF AMERICA
has been organized to control the Marconi system of wireless teleg
raphy and ll inventions and patents relating thereto in the
"United States of America, and Cuba, Porto Rico, the Ha
waiian Islands, the Philippine Islands, Alaska, the Aleutian .
Islands, and all ships under the American flag.
$1,200,000
- of the $6,650,000 total Capital Stock of
MARCONI WIRELESS TELEGRAPH CO. OF AMERICA
is hereby offered at 65, parYahie 100.
The above is the only public Issue that will be made, and shares will
be allotted In the order applications are received, but we reserve the
right to allot or reject any subscription in whole or In part.
Of this capital stock $500,000 has been placed in the treasury of
the Company for future requirements.
We offer the shares at $65 each, but reserve the right to advance
the price without notice.
Payments to be made:
$10 per share to accompany application, to be returned if
shares are- not allotted.
$55 per share on allotment, when certificates will be issued by
the Morton Trust Co.
E. ROLLINS MORSE & BRO.
6 WALL STREET, NEW YORK.
43 STATE STREET, BOSTON,
BOARD OP DIRECTORS:
FREDERICK H. BETTS,
Of Betts. Betts. Sheffield & Betto. Lawyers.
WHTLLEYS ROSSETER BETTS.
JOHN W. GRIGGS,
Ex-Attorney-General of the U. S.
SAMUEL INSULL,
President of the Chicago Edison Company.
COMMANDER J. D. J. KELLEY,
Commander u. S. Navy.
EUGENE H. LEWIS. '
Of Eaton & Lewis. Lawyers.
H. H. McCLURE,
Of ths S. S. McClure Company.
Cho. & Ohio
Chi. Gr. Wast...,
Chi.. M. & St. P.
D. & R. Q
do pfd .........
Erie ,.
do 1st pfd
do 2d pfd.......
Illinois Central .,
Louis. & Nash....
Mo., Kan. & Tex.
do pfd
N. Y. Central...
401
20V41
1761
40fc
72'i.
153(4!
13041
27
BSgi
166
do 1st pfd 44
do 2d pfd 37
Southern Ry 30
do pfd 08U
Southern Pacific .. CO
Union Pacific 103
do pfd 90
U. S. Steel 435
do pfd 05
Wabash 2S
do pfd 47U
Spanish 4s .....:. 78b
FORBIGX FINANCIAL NEWS.
London Is Wagering Tvro to One on
Pence In Transmit! Soon.
NEW YORK. April 30. The Commercial Ad
vertiser's London financial cablegram says:
There was a scanty business on the stock
exchange today before tho holiday, but the tone
was confident on rumors that Generals Botha
and Delarey were more pacific li. their attitude.
The market Is wngerlng two to one on peace
before next Tuesday. Consols spurted from
94H to 05. Kaffirs were quietly buoyant and
Americans were Idle, and dropped on the ab
sence of support. In the street, St. Paul and
Illinois Central Jumped on New York's buying
orders In a narrow market. Atchison was sold,
and Canadian Pacific was heavy on consider
able selling against an option. Money rates
were unchanged, and tho market is still bor
rowing. Money, Exchange, Etc.
SAN FRANCISCO, April 30. Sterling on Lon
donSixty days, $4 8014: sight, $i 8SU.
Mexican dollars Nominal.
Drafts Sight, 15c; telegraph. 174c.
NEW YORK, April 30. Money on call steady
at 3 per cent; prime mercantile paper, 4jJ13i
per cent.
Sterling exchange steady, with actual busi
ness In bankers'-bills at $4 S44 88 for de
mand, and at $4 854 8Z tor 00 days; post
ed rates. ?4 86 and 34 8SW04 80; commercial
bills, 34 84X4 85.
Mexican dollars lie. '
Government bonds steady.
LONDON, .April 30. Consols for money,
01 11-16; do -for account, 04 15-16.
Money, ZMQi per cent; rata of discount
short bills, 2 13-16 per cent; for three-months
bills, 2 per cent.
Daily Treasury Statement.
WASHINGTON, April 30. Today's statement
of the Treasury balances shows:
Available cosh balances S184,60S,502
Gold 01,862.517
LIGHT ON LABOR PROBLEM
One Portland Firm' Sfethods of
Avoiding Strikes.
The prospect of a strike on the part of
the building: trades In this city, which
may becomeTnore or less general, through
sympathy of other unions, Is a very un
pleasant thing: to contemplate just at
his time when so much building: Is going
on and more la in contemplation than
'over before In the history of the city,
"Working men of all kinds have plenty of
work and some are Inclined to blame them
for contemplating or attempting to carry
out a scheme which may strike a heavy
blow at the city's prosperity. This Is
probably unreasonable, for the extremity
of employers is the opportunity of em
ployes. Any class of laboring men who
would strike when times were hard, work
scarce and wages low, would be merely
commltlng suicide. The times are good
now prosperity has returned, every one
says to stay. Great and numerous build-
ing and other enterprises are being
pushed to conclusion. There is work for
everybody who will work, and all who
work get their pay.
Some workmen have an idea that they
are not getting wages enough; that they
do not get a fair percentage of the profits
on their labor, and they combine to strike,
as the only way of securing attenUon to
their ideas or demands, and the increase
of pay they think they deserve. Every
body disapproves of strikes and every
body; disapproves walking delegates and
agitators, who are too often only jaw
smiths of the least desirable class. But
the laboring man apparently sees no way
of making hla desires known or attaining
his ends except through such fellows and
his union. ?Jo does not look tor or ex
Co.
JOHN J. McCOOK,
Of Alexander & Green. Lawyers.
G, MARCONI.
Inventor of the Marconi System.
E. ROLLINS MORSE.
Of E. Rollins Morse & Bro., Bankers.
CTRUS SWAN SEDGWICK.
Treasurer of the Hall Signal Company.
LOYAL L. SMITH.
SPENCER TRASK, N
Of Spencer Traslt & Co., Bankers.
pect much sympathy from his employers,
and probably does not receive as much as
he should, for after all In the end the in
terests of the employor and the employed
are practically the same. The good sense
and moderation of both employer and em
ployed have so far averted from thla city
anything like a general or prolonged
strike, and both classes should use their
very best endeavors to prevent anything
of the kind at the present time. In thi3
way, and probably only in this way, can
the city be paved from trouble, perhaps
great trouble and loss.
There Is another1 way of preventing
strikes, which has been tried by the Wil
lamette Iron & Stoel Works, through the
foroslght and business S2gaclty of Hon.
H. W. Corbctt. It has been found to
work well, and has proved satisfactory to
all concerned. The plan Is to share pro
fits with employes.
It io well known that through this ar
rangement the traveling delegates from
other cities who visited Portland last
year and used every means at their com
mand were unable to induce the employes
of the Willamette Iron & Steel Works to
go out on a. strike, and thus without
doubt prevented a general strike here at
that time.
If all large employers of labor would
adopt this system of sharing profits with
employes when there are any to rhare,
and carry It out In good faith, there would
be an end to strikes, or at least, there
would no longer be any need for the agi
tator and walking delegate, for the mem
bers of the company could arrange their
business matters without those function
aries. In regard to the dividends received by
the employes of the Willamette Iron &
Steel Works, while the details am not
given out, it Is known that the share ol
some of the men for the first year under
the arrangement was not less than JSQ
each. Of course, others received less.
One of the employes who Is something of
pessimist characterised the arrangement
as "throwing sop to the men." and
said it would amount to very little, and
that he would sell his share of the 23 per
cent of the profits to be divided among
the men for the year for HO. Two of his
fellow workmen bought his" share and
when It was figured up at the end of
the year it amounted to over $50.
A trial of Mr. Corbett's plan by some
or all of the other large employers of labor
would surely tend toward more satisfac
tory relations between employer and em
ploye. It Is not the amount of profits
shared, but the attempt in good faith to
recognize labor's rights, that makes good
feeling and probably operates to some ex
tent to increase the profits for alL It is
well to consider these matters before
there are breaches to close, and irrepara
ble injury to suffer.
.Jewelry Firm. Falls.
CHICAGO, April 30. The wholesale Jew
elry firm of Moore & Evans, one of the
largest in the West, was placed in the
hands of a receiver today. A statement
of liabilities and assets is being prepared,
but will take some time. The firm is said
to have done a business of $1,000,000 a
year.
Hearing: of Morse Salt Postponed.
LONDON, April CO. The hearing set for
today in the case brought by E. Rollins
ftlorso. of Boston, against the Montana
Ore Purchasing Company, to determine
the division of ownership In the Michael
Davitt lode, was postponed until May 20.
Petition in Bankruptcy.
NEW YORK, April 30. Edward Teich
man and H. D. Potter, who formerly com
posed the firm of Teichman & Potter,
builders, have filed ja petition in bank
ruptcy with liabilities of 8725,000, with no
assets. The firm failed in 1909.
j
forw
Barned Herself to Deatls.
DETROIT, April 30. Crazed by the
death of her 3-year-old child from scarlet
fever. Mrs. Adellna Sage this morning
poured a can of kerosene oil over herself,
ignited it and. wis burned to death,