THE MORNING O REG ONI AN. FRIDAY, JULY 10,
1903r
15
.CAUSE 0FTHE8LUMP
Hops Go Down on Improved
Crop Prospects,
GROWERS WERE MISINFORMED
Uah FV Pox,- of Xe-iv York, Dlacnsse
the Situation in Europe Profit
In Raiaing Hops Even at
Low Prices.
In the Orst half of 1003, according to R. Q.
Dun & Co.'s report, there were 5628 commer
cial failures for $00,787,200 in amount of lia
bilities, compared with 6165 bankruptcies In
the corresponding months last year, when the
defaulted indebtedness amounted to ?G0,374,
S5C. "While the decrease In number was about
0 per cent, the sum Involved Increased a sim
ilar percentage. This is due to several large
failures.
Separating the half-yearly record Into the
three chief divisions. It Is found that there oc
curred 12S0 defaults in manufacturing, with
a total loss of $26,135,144, as compared with
1418 last year for $24,940,020. Traders sus
pended, to the number of 4038, against 4410
a. year ago, and liabilities were $30,544,443,
against $29,145,022. The third commercial sub
division contains brokers, transporters other
than railways, and similar concerns that can
not properly be Included In either of the two
principal classes. Of these firms 310 failed
with debts aggregating $10,117,073, as compared
with 305 In 1902 with liabilities of $0,249,435.
Banks and other fiduciary Institutions sus
pended with defaulted indebtedness of $0,
495.716, a most-gratifying return when com
pared with similar liabilities of $16,797,763
last year, or $15,83989 In 1901. There was
an Increase of ten in number over the bank
ing defaults last year.
On the Pacific slope the failure statistics
wro remarkably uniform with last year's.
Utah decreasing about as -much as California
increased. The record for the Pacific States
follows:
Number. Liabilities.
1003. 1002.
Vtah 25 35
Idaho 23 31
1903.
1902.
$163,461
65,800
40,176
761.091
216.754
2,614.200
200
$409,883
120,850
3,400
753,770
203,897
2.37S.810
57,000
Arizona
"Washington .. 77
Oregon- ...... 04
California ...187
Alaska 1
89
205
4
Paciflc 383 424 $3,870,582 $3.9S2.610
These statistics of commercial and financial
mortality are most encouraging, for the events
of the past six months were not such as to
encourage expectation of a small number of
insolvencies. On the contrary, while no great
crisis or widespread calamity'' menaced the
Nation's business, there were many exceed
ingly unfortunate occurrences, some of suffi
ciently disturbing character to produce ex
treme conservatism. Doubtless this very cau
tion is responsible for the comparatively light
insolvency returns. Disasters due to the ele
ments were more numerous than usual, floods
devastating many sections, while tornadoes,
fires and drouth caused havoc at other points.
Industrial wars were frequent and costly, a
vast army of wage earners voluntarily reduc
ing their purchasing power, and of necessity
curtailing the consumption of all products ex
cept the bare necessaries of life. Sensational
manipulation of the staple .commodities, not
ably cotton, exerted much influence beyond
the Immediate vicinity of the leading ex
changes. Liquidation of securities.- averaging
$15 per share for the CO active railways dur
ing the halt year, followed a Tall it about'
$10 a share during the closing months of 1002,
yet this enormous shrinkage in the market
value of stocks brought no such failures as
would have occurred under similar circum
stances In preceding years.
The number of failures and amount of lia
bilities during the first half of this year and
last In different sections of the country are
compared below:
Number. Liabilities.
1903. .1902. 1903. 1002.
New Eng .. 723 938 $10,309,069 $0,525,292
Middle ....1,132 1.193 20.779.806 19.286.182
South 1.135 1,244 7,665.173 8.812.747
So. West .. 650 620 3,866,627 3,467.822
Cent. West.l.TKSl 1,103 17.337,029 11.261.857
No. West . 651 643 2.902.974 4,038,346
Paciflc 3S3 424 3.876,582 3.0S2.010
V. S ,5.628 6.1C5 $00,797,260 $C0.374.85S
Banking ... 44 34 6,405.716 16,797.763
Canada .... 492 610 3,305.637 5,739,451
PORTLAND MARKETS.
Grain, Flour, Feed, Etc
The local wheat market Is dull and unin
teresting with no change In. local prices.
WHEAT Walla Walla, 7570c; bluestem.
FLOUR Valley, $3.503.80 per barrel: hard
wheat straights. $3.503.75; hard wheat pat
ents, $4.10fr4.50; Dakota hard wheat, $4.10
5.60; graham. $3.353.75; whole wheat, $3.55
4, rye wheat, $4.
BARLEY Feed. $19 per ton; brewing, $20:
rolled, S21g21.60.
OATS No. 1 white, $1.074: gray. $1.05 per
MILLSTUFFS Bran, ?23 per ton; middlings.
$27: shorts, $23; chop, U. S. mills. $18.
HA1 Timothy, $2u; clover, nominal; grain.
tutoao per ion; cneai, $iorit.
Butter, Esst Poultry, Etc
It was a quiet day In farm and dairy prod
uce and in view of the limited offerings of eggs
and poultry and the slow demand there was no
occasion to change prices.
xju iiLtt-r ancy creamery, zo$rzzc per
pound; dairy, nominal; store. 16 17c
POULTRY Chickens, mixed, llll4c per
pound; Spring, 1617ic; hens, llti2c; broil
ers, $23 per dozen: turkeys, live, 1012c per
pounu; aressea, i4(ffioc; aucKS, $ia per dozen;
geese. $506.50.
CHEESE Full cream, twins. 154c; Toung
juuericu, ioc; iactory prices, ldyie jess.
EGGS Oregon ranch. 202Ic
Vegetables, Fruit, Etc
No carl ota of fruit or vegetables were re
ceived from the South, but a sufllclent supply
of all varieties was on hand. Peaches are
a glut on the market, owing to the poor shape
in which the last lot was received.
VEGETABLES Turnips. $1.25 per sack;
carrots, California, $1.50; beets, $1.40 per sack:
cabbage, lilic; lettuce, head. 15c per dozen;
parsley, per dozen. 25c: ereen articholee
XSQiOc per dozen; asparagus, Oregon, 4050c
per dozen: California, $L50 per box': cucum
bers. 60c per dozen: tomatoes, $2.25 per
crate; cauliflower, $L10 per dozen; Summer
squash, $1 per box; beans, 5c; green corn, 35c
per dozen.
DRIED FRUIT Apples, evaporated, 64c per
juunu; eun anea, sacKs or ooxes, oc: apri--cots.
8ic; peaches. 509c; pears, 884c:
jiruuco. luman, -iwoc; ngs, caiuornia DiacKs,
c; do white. 74c; Smyrna, 20c; plums, pitted.
uuiiMnu i-KUlT Cherries, 57c per
pouna.- apricots. $i.i&i.25 per crate; new ap-
cantaloupes, $44.50 per crate; watermelons,
$3.5064.50 per dozen; plums, 90c5T$l per crate;
pears, f 1.50 per box; grapes, $1.50 per crate;
blackberries. $2 Der crate.
TROPICAL FRUITS Lemons. $3.505 per
oranges, sweets. 52.252.75; navels.
?sV-itiCUC,as oya.oo: at. aucnaeis,
$2 53.25; grape fruit. $2.50 ner box: ba
nanas. 5c per pound; pineapples, $3.504 per
dozen.
POTATOES Oregon Burbanks. 7585c per
aack. growers' prices; new potatoes, $1.50
RAISINS Loose Muscatel. 4 -crown 7c: S
crown, 7Vic: 2-crown, 6c: unbleached seedless
Muscatel raisins. 74c: unbleached seedless Sul
tans. 6c; London layers, 3 -crown, whole boxes
oi vi pounds, i.bo; z-crown, Si.75.
HONEY 15c per No. 1 frame.
UJUONS ew California Teds, 00c$l per
Hops, XVool, Hides, Etc
HOPS 1002 crop, 174819c per pound.
TALLOW Prime, per pound, 45c; No. 2
and grease 2t3c
WOOL Valley. 1617c; Eastern Oregon. 11
14c: mohair. 35374c
HIDES Dry hides. No. 1. 16 pounds and up
1515'iC per pound; dry kip. No. 1, 5 to 15
pounds, 12c; cry calf. No. 1, under 6 pounda,
10c; dry salted bulls and stags, one-third less
than dry flint; suited hides, steers, sound. 60
pounds and over, -8 9c; 50 to 60 pounds, 708c;
under 50 pounds and cows, 7c; stags and bulls,
c'qund. C5c; kip, sound, 15 to 20 pounds, 7c
veal, eound, 10 to J4 pounds, 7c; calf, sound
under. 10 pounds. 6c: green (unsalted), lc per.
oound less; culls, lc per. pound less; bonf
hides, salted, each $1.502: dry. each. $161150:
colts' hides, each, 25350c: goat skins, common,
each. 10315c; Angora, with wool on, each,
25c6$L
Oil.
COAL OIL Pearl or astral oil, cases. 2c
per gallon: water white oil, iron barrels, 15c;
wood barrels. 18c: eocene ell, cases, 24c;
elaine oil. cases. 27c: extra star, cases. 25c;
headlight oil. 175 degrees, cases, 24c; Iron
barrels. 17Hc
GASOLINE Stove gasoline, cases, 24Hc;
iron barrels. 18c: 86 degrees gasoline, cases,
8c: Iron barrels, 22c.
BENZINE 63 degrees, cases, 22c: Iron bar
rels, 15c
LiNSKED Boiled, cases. 56c: barrels, 51c;
Unseed, raw. cases, 54c; barrels, 49c; lots of
250 gallons, lc less per gallon.
TURPENTINE Cases. 70c: wood barrels.
66Hc: iron barrels. 64c; lO-case lots, ec
LEAD Collier Atlantic white and red lead
In lots of 500 pounds or more. Cc; less than
COO pounds, 6ttc .
Groceries, Nuts, Ktc,
COFFEE Mocha. 62Se: Java, fancy. 20
32c; Java, good, 20321c; Java, ordinary, 16
20c; Costa Rica, fancy, ISa 20c; .Costa. Rica,
good. 1618c; Costa Rica, ordinary, 10312c per
pound; Columbia roast. $16.75; Arbuckle's,
$11.13 list; Lion, $11.13.
SALMON Columbia River, 1-pound talis,
$1.65 per dozen; 2-pound tails. $2.40; fancy
1-pound flats, $1.80: -pound flats, $1.10:
Alaska pink. 1-pound talis, 75c; red, 1 -pound
tails. $1.20; sockeye. 1-pound tails, $1.60; 1
pound flats. $1.60.
SUGAR Sack basis, per 100 pounds; cube,
$5.774; powdered. $5.02Vi: dry granulated,
$5.52: extra C. $5.024; golden C. $4.92V4: less
Ucper pound for spot cash. Advances over
sack basis as follows: Barrels, 10c; Jialf-bar-rels.
25c; boxes, 50o per 100 pounds. Maplr,
lC16c per pound. Beet sugar, graulated,
$5.424 per 100 pounds.
BEANS Small white. 4V4e; large white. 4c;
pinks, 4c: tayou. 44c; Lima, 5c per pound.
RICE Imperial Japan. No. 1. $5.75; No. 2.
$5.374; Carolina head, 7.75; broken bead, $4.
NUTS Peanuts. 6c per pound for raw, SQ
S'4c for roasted: cocoanuts, 85390c per dozen;
walnuts, 134144c per pound: plnenuU, 10
124c; hickory nuts, 7c; Brazil nuts, 10c: fil
berts. 15816c: fancy pecans, 17c;. almonds, 140
15c: chestnuts. 16c
SALT Liverpool. ws. OC per buck; uau
t M Tier hale.
WHEAT SACKS In lots of 100. 6364c
Meats and Provisions.
BEEF Gross steers, $4-4.50; dreSsed. OQSs
per pound.
VEAL 74 8c per pound.
MUTTON Gross? $3: dressed, 54S?6c: lambs,
gross, $3.50; dressed, 7c
HnnR-r.rAM. 5.50: dressed. C4C?7c
HAMS 10214 pounds, 154c per pound; 14
10 pounds, 14c per pouna; layjtj pounus,
14c; California (picnic). 104c; cottage hams,
nnne: Union hams. 4S6 pounds average, none;
shoulders. 10Hc; boiled ham, -22c; boiled picnic
hams. Soneiess, lee
BACON Fancy breakfast, 18c; standard
breakfast. 18c; choice, 10V4c; English breakfast
bacon. llttfH pounas, ioc
DRY SALT MEATS Regular short clears,
i?Kf iaue smoked: clear backs, lllc salt.
I2e smoked: Oregon exports. 20S25 pounds
average. 124c dry salt, 134c smokd: Itnlnn
butts, lQtfio pounas average, i;jc ary stui,
lOVic smoked.
LARD Kettle rendered, tierces, llJc: tubs.
llc; 60s. llc; 20s. llftc; 10s. llc: 5s,
iitIc standard pure tierces. 10?c: tubs.
IOtjc; 60s. 10c: 20s. 10c: 10s. lie; 6s, HHc
Compound tierces. 8c; tubs, 84c
SAUSAGE Portland, ham, 13c per pound;
minced ham. 11c; Summer, choice dry. 174c;
bologna, long. 8c; Wienerwurst, 9c; liver, ic;
pork, 10c: blood. 7c: headcheese, 7c; bologna,
sausage, link, 74c
PICKLED GOODS Portland, pig's feet, i
barrels. $5; 4 barrels, $2.85; 15-pound kit,
$1.25. Tripe. 4 barrels. $5.50: H barrels, $2.75;
15-pound kit, $1: pigs' tongues. barrel. $6:
4 barrel. $3: 15-pound kit. $1.25. Lambs
tongues, 4 barrel, $8.25; U barrel, $4.75; 15
pound kit, $2.25.
EASTERN LIVESTOCK.
Prices Current at Chicago, Omaha
and Kansas City.
CHICAGO. July 0. Cattle Receipts. 15.000.
including 500 Texans. Market, strong to 10c
higher. Good to prime steers, $5$j6.50; poor
to medium. $3.9054.90; Blockers and feeders.
$2.50g4.50; cows. $1.504.25; heifers, $2.25
4.50; canners. $1.5032.75: bulls. $2.254;
calves, $2.5006: Texas-fed steers, $3.50g4.65.
Hogs Receipts, today. 20.000; tomorrow, 15,
000; left over, 8000. Market, 510c higher;
closed weak. Mixed and butchers, $5.455.75;
good to choice heavy. $5.005.75; rough heavy.
$5.25S5.50; light, $5.605.90: bulk of sales,
$5.555.65.
Sheep Receipts, 0000, Market for sheep and
lambs, steady Good to choice wethers, $3.75
4; fair to choice mixed, $33.50; Western
sheep, $2004.25; native lambs, $306.50.
KANSAS CITY. July 9. Cattle Receipts,
4000, Including 400 Texans. Market, stronger.
Native steers, $3.0005.10; Texas and Indian
steers. $2.8033.70; Texas cows. $2.5003; native
cow6 -and heifers. $2.5004.25; Mockers and
feeders, $304.30; bulls, $204.25; calves, $2.65
05; Western steers, $3.6604.65; "Western cows,
$2.8003.40.
Hogs Receipts, 8000. Market, steady and
strong to 5c higher. Bulk dt sales, $5,400
5.45; heavy. $5.355.474; packers, $5.3505.40;
medium. $5.4005.50; light, $5.37465.50; York
ers, $5.5005.75; pigs. $5.5505.75.
Sheep Receipts, 2000. Market, steady.
stront:. 10c higher. Muttons. $305: lambs.
$3.2006.25; range wethers, $3.1505.10; ewes.
$305.
SOUTH OMAHA, July .Cattle Receipts,
2700. Market, steady to strong. Native steers.
$4.2506.25; cows and heifers, $304.40; West
ern steers. $3.5004.25; canners, $L7502.75;
stockers and feeders, $2.5004.25; calves, $2.50
05.50; bulls, stags, etc., $204.
Hogs Receipts, 0500. Market, 5c lower.
Heavy, $5.4006.45; mixed, $5.42405.45; light,
$5.42105.50; pigs. $5.2505.40; bulk of sales,
$-.42tt&t-40.
Sheep Receipts, 3500. Market, lower: West
erns, $404.50; wethers, $3.5004; ewes, $30
3.75; common and stockers, $203.25; lambs.
$3.7505.
Mining; Stocks.
SAN FRANCISCO. July 0. The official clos
ing quotations for mining stocks today were
as follows:
Belcher $0,411 Mexican $1.05
Best & Belcher... l.wi (Accidental con .. 34
Bullion 5iOphlr 1.55
Caledonia 1.15; Overman
Challenge Con ... 47:i'otosi
Chollar
Confidence
Con. Cal. & Va
Con. Imperial .
Crown Point ...
Gould & Curry.
201 Savage
1.25Seg. Belcher ....
1.45 Sierra Nevada ...
4j Silver Hill
22i Union Con
40i Utah Con 22
55 Yellow Jacket ... 70
Hale & NorcrosSj
Justice IS)
NEW YORK. July 9. Mining stocks today
closed as follows:
Adams Con $0,101 Little Chief $0.06
Alice 20 Ontario o.W)
Breece 15;Ophlr l.oO
Brunswick Con .. 51 Phoenix 8
Com. Tunnel .... 7IPotosl 24
Con. CaL & Va.. 1.45 1 Savage 17
Horn Silver 1.00 Sierra Nevada .... 60
Iron Silver 1.23Small Hopes 25
Leadvllle Con.... 2Standard 2.50
BOSTON, July 9. Closing quotations:
Allouez $ 5.501 Osceola $54.00
Amalgamated... 62.621 Parrot 20.00
ttingnam zo.wmuncy uo.uo
Cal. & Hccla... 445.00
Santa Fe Copper. l.0
Centennial 17.75
Copper Range .. 62,25:
Daly West 41.O0!
Tamarack 100.00
Trlmountaln 85.00
Trinity 5.12
Dominion Coal.. 103.50
United States ... 21.00
Utah 28.50
Victoria, 4.00
Franklin s.so
Isle Royale .... 7.25
Mohawk 42.25!
Old Dominion .. 12.60;
Winona 8.25
Wolverine 65.00
New Yorlc Cotton Market.
NEW YORK, July 9. There waa a pro
nounced advance In cotton this afternoon on
fresh reports of damage to the crop from
Texas and continued support by the New
Orleans contingent. August showed especial
firmness, advancing about 58 points over yes
terday's finals, while the balance of the list
showed net gains of from 8 to 28 points. In
the last hour the advance continued, and Au
gust rose to 97 points over last night's close.
Spot closed quiet. 6 points higher; middling,
12.45c; sales, 1750 bales. Cotton futures closed
steady; July. 12.40c; August, 12.25c: Septem
ber, J0.75c; October, 9.00c; November, 9.04c:
December, 9.01c; January, 9.67c; February and
March, 0.03c
Metal Markets.
NEW YORK, July 9. Spot tin lost 11 7s 64
In London, closing at 122 10s, while futures
closed at 119 15s, a loss of 1 10s. The New
York market was also weak and lower, closing
at 26.80027.10c.
Copper declined 7s 6d in London, spot there
closing at 56 17s Gd, And futures at 56 -7s
6d. "Locally, copper was dull and nominally
unchanged. Lake and electrolytic are quoted
at 14.00c and casting at 13.50013.75c
Lead was unchanged at London at 11 Cs 3d,
and in New York at 4.124c
Spelter closing In London at 20 17s Cd, was
unchanged there, as It was also here, where
It closed at 5.87406-OOc
Iron closed at 52s 4d In Glasgow and nt 46s
44d in Mlddlesboro. Locally, Iron was dull
and lower; No. 1 foundry Northern, $1&50
19.50; No. 2 do. $17.50018.50; No. 1 foundry
Southern and do soft, $18018.50, .Warrants
were nominal.
MARKET TURNS WEAKER
PRESSURE TO SELL NEW YORK
CENTRAL AND STEEL STOCKS.
Further EnKaKmcnts of Gold for 12x
port Add to tke Weak Tone
Bonds Arc Heavy.
NEW "YORK, July 0. The stock market de
veloped rather acute weakness today, end, the
volume of sales rote to more than double the
recent average. The liquidation In New York
Central and the continued pressure to sell
United States Steel were the disturbing fac
tors. There was no definite news to account for
the marked weakness of New York Central,
but the tape was regarded as giving ground
for ominous conjectures. These took form
in various surmises, as to the measures to be
adopted by the corporation to secure the cap
ital which will be required to carry on the
vast terminal and other Improvements which
have been undertaken." The fact of this cap
ital requirement is well known, and the vari
ations In today's rumors had to do simply with
the manner of raising it. There were rumors
of a projected issue of new stock, of a bond
Issue and of a temporary loan on the secur
ity of notes. The recent experience of the
Pennslyvanla In floating its new stock does
not offer encouragement for a similar under
taking by other railroad corporations. The
usual parallels were also drawn between
Pennsylvania and New York Central, which
have- been selling near a parity, while the
former Is paying 6 per cent with the flotation
of Its new stock achieved and the latter is pay
ing 5 per cent dividends with the new capi
tal requirements yet to be met. The downward
plunge of nearly 4 points In New York Cent
ral was the event upon which the whole mar
ket hinged.
Selling of tne steel stocks was aggravated
by the Iron Age's showing of Incieased blast
furnace capacity on July 1, the Increasing rate
of accumulation of pig Iron and the slow re
cession In the steel market. Pig Iron was
marked down during the day and rumors wero
current of a cut in steel billets at Pittsburg.
United States Steel sold within a fraction of
its low record level, and the second 5s sold
lower than ever before.
The announcement Just before the close of
the market of the engagemnt of $2,000,000 In
gold for export SaturdaV helped the late weak
ness. With the movement of currency from
the Interior arrested and with a loss Indicated
already to the Subtreasury of $2,468,000. In
cluding payments for gold exported and a sur
plus reserve last Saturday of less than $S,000,
000 in banks, the influence of the future gold
outgo reported .may be understood. The con
tinued drain upon New York banks Is In
strong contrast to the prompt and enormous
recuperation shown by the Bank of England
and the Bank of France In their weekly state
ment today following the semi-annual settle
ments. Develonments in the cotton and grain mar
kets, the news of the crpps and statements of
railroad earnings' were entirely ignored in tn
day's stock market. Declines of 1 to 2 points
were quite general, and St. Paul. Reaaina,
Norfolk & Western. Colorado Fuel and Ten
nessee Coal suffered even more severely.
The bond market was heavier, and sharp
declines were scored In some Inactive mort
gages. Southern Railway, St. Louis Division
4s, dropped 251. Total sales, par value, $2,-
555,000. United States zs aavancea & ana
the 3s. old 4s, t per cent on the last call.
O
0
'STOCKS.
Atchison
40.9001 684
6C
92
85
674
018
do preferred
1,500 i)zyt
Baltimore & Ohio ....
7,225
b0
do preferred
.1.
935
123t
Canadian Pacific
8.020
125123,
Central of New Jersey.
Chesapeake & Ohio....
Chicago & Alton
do preferred
Chicago G. W
do- B preferred
Chicago & N. W
1U7
1.9001
3841 "374
374
J0
625
4.800
20Ji
69Y
19
36
26M 265
1831 18
400!
000
320
35!,: 354
1714
170
Chi. Term. fc Transfer.
13
23
13
23
13
22
do preferred
100
"Voo
C, C C. & St. Louis..
854
Colorado Southern ....
do 1st preferred
do 2d preferred
174
174
17
67
265
Delaware & Hudson....
172.
Del., Lack. & western.
Denver & Rio Grande,
do preferred .........
1.100!
2574
258
252
2S
80
100
24,430
3.500
700
82
33
684
82
324
67
56
Erie
32
do 1st preferred
do 2d preferred
Great Northern pfd...
Hocking Valley
do preferred
Illinois Central
Iowa Central
do preferred ,..i
67
50
&0
170
200
83
81
815
S5
13.130
133
1S2
100
28
2S?i
45
244
500
40
455
234
42 V
Kansas City 'Southern.
100!
200!
1.300
785
244
do preferred ,
Louisville & Nashville,
Manhattan L ,
Metropolitan St. Ry..,
Minn. & St. Louis....,
Missouri Paciflc
43
1 43
1114 HO
136 i 136
100k
1.750!
1224
1634'
120
1214
19406
102H
Mo.. Kan. &. Texas...
1.400
23
40
21
do preferred
500
485
8V6
National R. R. of Mex.
21
40
do preferred
New York Central..
3.295
2,730
1254
1214
65
121
Norfolk & Western....
67
do preferred
Ontario & Western...
Pennsylvania
00
4.300
19,800 J
46,250!
300
100
12.100
400
25
254
125
1244!
124n
PHts.. C C. & St. L..
it
50
82
68
33
Heading
do 1st preferred...
do 2d preferred...
Rock Island
do preferred
624
83
70
344
7254
60
82
70
32
72
11
St- Louis & San Fran.
il
73
do 1st preferred
do 2d preferred
St. Lous S. W
do preferred
St. Paul
do preferred
Southern Paciflc .....
Southern Railway
do preferred
Texas & Paciflc
Tol., St. L. & West...
do preferred
Union Paciflc
do preferred
Wabash
do preferred
Wheel. &. Lake Erie.
Wisconsin Central ...
do preferred
Express companies
Adams American
United States
Wells-Fargo
Miscellaneous-
614
604
605
lo
400
10,250
4.400
2.500
610
1.000
30
3SW
37
1495
151
177
50
4S4
23
4S
23,
24
89
74
294
28
244
200
1,800
260
700
3.000
100
100
434
43
80
88
2XU
43
805
874
88
24
234
43
21
20
204
20
415
221
250
190
100
168
107
185
Amalgamated Copper-
16,370
400
53
62
Am. car l Foundry
do preferred
374
3j
American Linseed Oil.
10
33
do preferred
American Locomotive,
do preferred
600
22
224
89
500
88
44
93
S5
Am. Smelt. &. Refining.
425
410
4.200
co preierrea
Ant. Sugar Refining.
Anaconda Mining Co.
Brook. Rapid Transit.
V6
117
1194
S3
56
8.695
5,600
5!
52
504
Colorado Fuel & Iron.
50
CO
Col. & Hock Coal....
Consolidated Gas ...
174
174
51
IVl
173
1005
General Electric ....
International Paper ,
700
175
n
CSL
do preferred
International Pump ...
do preferred
National Biscuit
National Lead
North American,
Pacific Mall 7r.
People's Gas
Pressed Steel Car
do preferred ,
Pullman -Palace Car...
Republic Steel
do preferred ,
Rubber Goods .........
do preferred
Tenn. Coal & Iron....
United States Leather.
do preferred .........
United States Rubber.,
do preferred ,
United States Steel....
do preferred .........
Western Union
I
200
084
es
12H
300
305
16
39
105
39
800
lb5
25
08
720
350
09
8
98
614
61
100
H7
so
208
1,100
400
310
"3.V06
13
74
13
74
22
"ii
7
40
5s
1.500
500
M
M
13
40
100
&280
1.210'
49
49
29
814
29
79
28
2
Total sales for the day, 465,400 shares.
BONDS.
U. S. ref. 2. reg.l0a!Atchlson adl. 4n ... un
do coupon 1055i'c J. W. con. 7s.l30
u. Q. ob, icb it7i u. at u. ... 87
do coupon 10S North Paciflc 3s... 72
U. B. new 4s, reg.136 do 4s 101
U. S. old 4s, reg..lll : Union Paciflc 4s. .100
do coupon Ill (West Shore 4s.. ..103
U. S. 5t, reg 103 Wis. Central 4s... 00
do coupon iim
Stocks at London.
LONDON. July 0. Consols for money, 02
consols for account, 02.
Anaconda 4
Atchison 704
do pfd 95
Bait. Ohio 88
Can. Pacific 128
Norfolk & West.. 68
uu flu ........
Ontario & West.
Pennsylvania ...
Readinr
Ches. & Ohio...
Chicago O. W.
Chi.. M. & St. P..156 Southern Ry
uu .u piu ....
D. & R. G 291 do pfd
do pfd 85; South. Paciflc
Brie 34'
Union Paciflc
.... 83
00;
do 1st pfd GSH
.. 69
.. 58
do pfd ..
U. S. Steel
OO 2d pfd.
wy
do pfd 82;
Wabah s.. 25
do pfd ...... . 45
Money, Exchange, Etc.
LONDON. July 0. Bar silver Finn, 27-7-16.
Money 1402 per cent.
The rate of discount In the open market, for
short bills Is 2 per cent.
The rate of dlsqpunt in the open market for
three months' bills at 24 per cent.
NEW YORK, July 9. Money on call steady
at 24634; closing 2403 per cent; time money
steady, 00 days at 34 per cent; 90 days, 4 per
cent; six months, S per cent.
Prime mercantile paper, .5054: sterling ex
change, easy, with actual business in. bank
ers' bills at $4.8720 for demand and at $4.85
for 60 days: posted rates, $4.8540-4.80 and
$4.884: commercial bills, $4.84464.84.
Bar silver 53c
Mexican dollars 414c
Government bonds, strong; railroads, heavy.
SAN FRANCISCO, July . Sterling on Lon
don, 60 days. $4.85; do sight, $4.SJ&
suvcr UWB wc
Mexican dollars-Hlc
Drafts Sight, 2Sc; telegraph, 5c
New Issue of New York: Central.
NEW YORK, July 9. The extreme weakness
today of New York Central stock, together
with a further decline In the company's 34 per
cent bonds, gave rise to all sorts of rumors.
some of them hlhgly Improbable, in the finan
cial district. From a semi-official source It
was learned that within the next three months
the Central directors will recommend an Issue
of new stock to pay for proposed terminal
Improvements In this city. It is not unlikely
that a holding company may be organized to
carry out these plans.
New Issues on German Bourse.
BERLIN, July 0. The Frankfurter deltung
says the new issues of stocks and' bonds on
tha German Bourse for the half year am
ounted to $277,500,000. against $384,500,000 for
tbo same period in 1002.
Bank . Clearings.
Clearings. Balances.
$600,929 $115,294
Portland
Seattle .
, W,itU
, 282.480
393.448
173.0S0
Tacoma ,
32,905
63,792
Spokane
Gold Engagement.
NEW YORK. July 9. Goldman, Sachs &
Co. have engaged $1,000,000 gold for export
on Saturday; Heldelback, cklehelmer & Co.
also ships $1,000,000 gold by Saturday's
steamer.
Dally Treasury" Statement.
WASHINGTON. July 9. Today's statement
of the Treasury shows:
Available cash balances $230,720,715
Gold 102.848.154
RUSSIAN CROP DA3IAGED.
One of the Bnlllsk Factors of tke
Chicago Market.
CHICAGO. July 9. Opening sales of wheat
were made at slightly lower prices, due to
lower cables and favorablo weather. Septem
ber being unchanged to 4c lower at 77774c
But In spite of these bearish conditions.
bullish sentiment prevailed among traders and
buying was of good volume. The market ad
vanced quickly In strength at St. Louis and
New York and on continued reports of a poor
leld, and shorts covered freely. There was
also good buying by the Southwest and North
west. After September had sold nn to 78c
there was a reaction on liquidation, but the
market at no time showed weakness. On1
of the bullish factors was the report from
Russia to the effect that the crop was badly
damaged by heat. The close was strong with
September lc higher at 78c
Unfavorable news from Illinois and Ne
braska. together with the strength In wheat
caused a strong tone In the corn market.
September closed c higher at 51c
Oats were extremely quiet, but prices weio
Arm In sympathy with the strength In other
grains. The close was firm with September
c higher at 31c.
Provisions ruled dull and featureless. Sep
tember pork ciosed 45c lower, lard was off
15018c, and ribs 12c lower. ,
The leading futures ranged as follows:
WHEAT.
Open.
High..
July (old) $0.78
U.7l:
juiy mewj...
78i 79
sept cold)...
77 781
Sept (new)...
77
CORN.
July
Sept
December
51
51
51
51
July
bept
Decembsr
July
bept
LARD.
July 7.85 7.85
7.80
7.05
7.77
7.80
7.05
Sept 8.15 8.15
October T.00 , 7.975
7.77
SHORT RIBS.
July 8.62 8.62
8.50
8.55
8.60
Sept 8.70 8.75
8.5f
Cash quotations were as follows:
Flour Steady..
Wheat No. 2 spring, 7870c; No. 3, 75078c;
No. 2 red. 7870c
Com No. 2, 61652c; No. 2 yellow, 613l'c,
Oats No. 2. 40c; No. 2 white, 43644c; No,
3 white, 3S42c
Rye No. 2. 51c.
Barley Good feeding, 40043c; fair to choice
malting, 47051c
Flaxseed No. 1, 00c; No. 1 Northwestern,
$1.02.
Timothy seed Prime, $3.40.
Mess pork Per barrel, '$14.75014.87.
Lard Per cwt., $7.8007.85.
Short ribs Sides, loose. $8.5008.62.
Dry salted shoulders Boxed, $7.0508.
Short clear sides Boxed, $3.8008.87.
Clover Contract grade $11.50011.70.
Reecipts. Shipments,
Flour, barrels 25.400
27.800
79.100
Wheat, bushels 25.500
Corn, bushels 177,100
71.000
oats, bushels 103,900
Rye, bushels 10,300
Barley, bushels 37,400
240.000-1
4.000
Grain and Prodnce at New York.
NEW YORK. July 9. Flour Receipts. 23.
408 barrels: exports, 17,190 barrels. Market,
active and higher; Minnesota patents, $4,400
4.70.
Wheat Receipts, none; exports. 40,000 bush
els. Spot, firm; No. 2 red. 85c elevator and
86c f. p. b. afloat. Options opened easier
on rains In the Northwest, turned strong about
noon on bullish crop reports, and closed 0
c net higher. September closed 82c; De
cember, 82c.
1I.r Ct.n 4
Wool Firm.
Butter Receipts, 0200 packages. Market.
steady to firm. State dairy, 1602Oc; cream-
-ery. common to choice, 1602Oc
Eggs Receipts, 7000 packages. Market. Ir
regular; Western seconds to extras, 14018c
Coffee Quiet; No. Rio. 7c.
Grain at &an Francisco.
SAN FRANCISCO, July 0. Wheat Steady.
Barley Steady.
. Oats Firm.
Spot quotations:
Wheat Shipping. $1.3501.37; milling.
$1.4301.45.
Barley Feed, $1.O301.O5; brewing, $1.12
1.15. ,
Oats Red, $1.1201.22; white. $1.22
1.32; black. $1.121.17.
Call-board sales:
Wheat Steady; December, $1.38; cash,
$1.37.
Barley Steady; December. "83c
Corn Large yellow, $1.270L3O.
Esrepcaa Grain Markets.
LONDON, July 9. Wheat Cargoes on pas
sage, quiet and steady; English country mar.
kets, partially dearer.
LIVERPOOL. July 9. Wheat, quiet; No.
standard California, 6s 7d; wheat In Paris
quiet. Flour in Paris, dull. French country
markets, steady. Weather In England, warm.
Fails on Bean Corner.
CHICAGO, July 9. A 'dispatch to the Rec
ord-Herald from San Francisco says: After
losing $45,000 In cornering the Lima bean
market and securing 6,000.000 pounds to find
nobody who wanted the beans, Lyden & Co,
have assigned. The liabilities will amount to
$300,000. The assets are estimated at $23,000.
Dairy Predace at Chicago.
CHICAGO. July 0. On the Produce Ex.
change today the butter market was easier
creameries. 15030c; dairies, 14lsc Eggs.
steady, 1314c marked cases Included.
Illinois Central ..1374
Louis At Nash.... 114
Mo.. Kan. & Tex.'22J
N. Y. CentraL"... 120
Low. Close.
ft ,.$0.7S $0.7B
78 79
77 78m
6 77 78?i
51, ,
::'S58 SB 88.
OATS.
.. 40 41 40 , 40
.. 34 35 34 34
.. 3ii ' 344 34 35
MESS PORK.
..15.17 15.17 14.70 14.75
..15.40 15.60 15.00 15.00
Checso easy, lO011c
Downing, Hopkins &Co.
Established IS93.
WHEAT AND STOCK BROKERS
Room 4 Ground Floor
HAS EASIER SYMPTOMS
POTATOES NOT IN SUCH DEMAND
' AT 5AN FRANCISCO.
All Leading- Cereals Arc Strong
Weather Too Cool for Active
Frnlt Trade;
SAN FRANCISCO, Cal.. July 0. (Special.)
The market was stronger for all leading
cereals. Farmers deliveries were small. Thu
wheat harvest returns reveal much deterior
ation of crop. Shippers were active buyers of
wheat and barley In the country. Low freights
are causing good Oriental movement In flour.
Bran was steady. Corn was higher. Hay was
firm for choice grades and easy for lower.
The market was. well supplied with Sum
mer fruits, though receipts from river dis
tricts were lighter. Bay counties are now
shipping apricots freely. Prices for nearly all
varieties of orchard fruits and berries were
easy, except fancy lots. Good shipping pears.
apples, peaches, plums and prunes were In fair
demand tor tomorrow's steamer for Sound
ports. Watermelons, cantaloupes and nutmeg
melons, chiefly from Southern California, were
In ample supply, but the weather was too cool
for active trade. Lemons were better cleaned
up and firmer. Other citrus fruits were un
changed. New potatoes advanced sharply on light re
ceipts and .'good shipping demand for Vic
toria. Old Oregon Burbanks on the Columbia
ore not yet unloaded, but the market has
weaker symptoms. Onions were easier. Other
vegetables, excepting fancy tomatoes, cu
cumbers and squash, were generally easier.
Poultry was In more demand and steadier.
Butter was In better outside demand and a
fraction higher, but the supply was ample.
Cheese was firmer, as the production is de
creasing. Eggs were strong and again ad
vanced. Receipts 15.000 pounds butter, 47,-
000 pounds cheese. 36,000 dozen eggs.
VEGETABLES Cucumbers. 60cS$1.25; gar
lic 203c: green peas, 394c; string beans, 2
4c: asparagus, $162.50; tomatoes. B0c$2; on
ions. 3565c; eggplant, 10yi2o.
BUTTER Fancy creamery, 24c; do seconds,
22c; fancy ranch. 22c; do seconds, 21c
EGGS Store, 17010c; fancy ranch, 23c: East-
em. 16019c
POULTRY Roosters, old. $4.6035: do young.
$8010; broilers, small, $2.50$3; do large, $3.50
4; fryers. $4.50S6; hens. $4.50g5.50; ducks.
eld, J3.50S4.50; do young. $425.
WOOL Spring. Humboldt and Mendocino,
18220c . .
HOPS Crop of 1002. 1820c
MILLSTUFFS Bran, $23.5024.50; middlings,
$2&g2S.
HAY Wheat. $9.5012.50: wheat and oat.
$0.50312; barley. $810.50; alfalfa. $8.5010;
clover, $8610: straw, per bale, 4560c
FRUITS Apples, choice. $1.25; do common,
35c; bananas. 75c$2.50; Mexican ilmes. $5Jfc0
; California lemons, choice. $3; do com
mon. $1; oranges, navels. 75c$2.50; pineap
ples, $132.50.
POTATOES Oregon Burbanks. $l.xi.io:
new potatoes, $1.101.75.
CHEESE Young America, 1212c; East-
em. 1415c
RECEIPTS Flour, 5043 quarter sacks; do
Oregon, 8479 quarter sacks; wheat. 1410 cen
tals; do Washington, 2744 centals; barley.
6210 centals; oats, 500 centals;- beans, 160
sacks; corn, 75 centals; potatoes, 2740 sacks;
bran, 1000 sacks; do Oregon, 5432 sacks; mid
dlings. 212 sacks; do Oregon. 537 sacks; hay.
57 tons; wool, 133 bales: hides, 322.
METAL TRADE REVIEWED.
Demand for PIsr Iron Not Keeping;
Pace "With Supply.
NEW YORK, July 0. Our monthly blast
furnace statistics show a considerable Increase
In the operating capacity from 3SS.000 tons a
week for the coke and anthracite furnaces on
June 1. to 403,833 tons on July 1, says the
Iron Age. The June production of all Kinds
of pig Iron was 1,717,000 gross tons, as com
pared with 1.756.000 tons In May, the latter,
however, not Including the steel works making
their own Iron. This would Indicate that
consumption Is not quite keeping pace with the
supply, which probably will be conceded Is
the case at the present time, when labor trou
bles are so much Interfering with the normal
use of material.
The pig Iron markets, although they show
& little more animation, are still In an unset
tled condition. There Is a good evidence that
a great number of makers In some districts
ore still hunting for orders, and melters are
regulating their orders accordingly. The out
side Southern furnaces have been getting
pretty close to the basis of $13 for No. 2 at
Birmingham, and there Is some curiosity to see
what the associated makers are going to do
about 1L A meeting Is to be held In Chicago
this week. In the East the Northern furn
aces have been leading the market, and some
of them are making lower prices than tho
Birmingham equivalent.
The steel market Is quiet and Is receding
slowly. An Increasing number of producers
who have until now needed all they made are
In a position to let the rolling mills have oc
casional lots, so that the offerings are mora
liberal. Production, however. Is falling ort.
The plate and beam associations have met.
but no change In prices has been adopted.
The smaller bridge and construction shops
seem to be making low prices to secure work.
this having the effect of causing buyers to
hold off.
Tbo amount of tonnage on the whole being
placed In the majority of branches of the nn-
nlshed iron and steel trade Is light, and soft
spots are appearing In a number of directions.
As an offset. It may be observed that output
will probably be light for some time to come,
since labor is difficult to keep longer In vaca
tion time, and many mills are In need of a gen
eral overhauling.
"Wool Markets.
LONDON, Jujy 0. The offerings at the wool
auction sales today numbered 12,310 bales.
Trading was brisk throughout. Merinos wero
in active request for the home trade and
the Continent. A large supply of cross-breda.
was offered, and France was a free buyer
with the home trade and the Continent taking
fair quantities. Scoureds wero in active de
mand at the highest prices of the series. Cape
of Good Hope and Natal greasy was not
wanted, and most of the offerings were bought
in. America took several lots of merinos and
good medium crossbreds.
ST. LOUIS. July 0. Wool, unchanged; ter
ritory and Western mediums, 1618c; fine me
diums, 14615c; fine, 13$15c.
Coffee and Snsrar.
NEW YORK. July 0. The market for tof
fee futures closed steady at a net advance of
ft320 points. Sales. 27.500 bags. Including
September. $4; December, $4.44; May, $4.60
4.65.
Sugar Raw, steady: fair refining. 3c; centri
fugal. 96 test, 33 9-16c; molasses sugar.
2KG2c Refined, steady; orushed, $5.40; pow
dered, $4.90; granulated. $4.80.
Don't Fear the Reaction.
Sllverton Appeal.
The wise old fellows shake their heads
when we speak of this rapidly growing
Cascade country and say that there will
be a reaction. They claim that after the
Lewis and Clark Fair everything will drop
out of sight again, but we think this an
extreme view. There may be a temporary
check to our rapid evolution, but that will
be all. Even if the Presidential election
brings another panic, as Is possible, we
havd no need to fear anything like a long
continued stagnation. Very active work
is now going on. Merchants, farmers,
traders and even newspaper men are
doing exceedingly well, and, though there
should come a severe reaction, we are.
even now, ready to meet almost any kind
Chamber of Commerce
of a panic, and bo ready to "go it"
again "when the times comes to 4bob up
serenely. Don't get frightened at pros
perity. A proper amount of caution Is
necessary, but fear is the worst kind of
reaction and is out of place In times like
these. Move up!
COMPLYING WITH THE LAW
StandardOil and Other Corporations
File) Articles at Salem.
SALEM", Or., July" 9. (Special.) The
Standard Oil Company, as It will be
known officially in Oregon, is an Iowa
corporation, with a capital stock 'of only
$1,000,000. This Is shown by its articles
of Incorporation and declaration of inten
tion to do business in Oregon, recently
filed in the office of the Secretary of
State. The name of John D. Rockefeller
does not appear in the list of officers or
directors, though the copies of articles
of incorporation show that at one time
John D. Rockefeller was a director In
the company when an Increase was made
In the capital stock.
The Standard Oil Company which ha3
filed articles In Oregon has its principal
place of business In Council Bluffs, la. It
is evidently a company organized to con
duct a pnrt of the great business of the
larger corporation of the same name. The
directors are; W. H. Tllford. of New
York, president: H. M. Tllford. of New
York, vice-president; C. M. Pratt, of
Glen Cove, Long Island; L. J. Drake, of
New York, E. C. Halsey, of Balmar, N.
J., and "W. S. Miller, of Council Bluffs,
la. The latter Is secretary and treasurer.
George C. Flanders, of Portland is agent
for Oregon.
One by one the large foreign corpora
tions are filing their declarations and
complying with the requirements of the
Oregon corporation law. Nearly 2000 do
mestic corporations have filed their an
nual reports, and more are coming in
everyday. Nearly all of those that are
actively engaged In business will have
complied with the law when the last day
of grace expires on July 20. Those that
have not -yet filed their reports are de
linquent, but they will not be subject
to a fine until July 20.
A few days ago the officers of an Oregon
corporation wrote to Secretary of State
Dunbar asking what they would better
do about complying with the corporation
law. They said that their attorney had
advised them that It Is unconstitutional,
and that they need not obey it. Mr. Dun
bar replied that It was not his business
to give advice for the guidance of others,
but he remarked that It is always best
for a man to follow the advice of his at
torney, first being sure, however, that he
has a good attorney. The Secretary of
State added further that the largest cor
porations in Portland, who employ the
best attorneys, are complying with the
law.
DATES ARE ARRAXGED.
Time for Holding; County Tencliers
Institutes.
SALEM, Or., July 9. (Speclal.)-Superin-tendent
of Public Instruction J. H. Acker
man has been notified of dates for coun
ty teachers institutes, arranged as fol
lows: Union, August 17 to 22.
Bandon. August 17 to 22.
St. Helens, August 18 to 20.
Wallowa County, probably at Enter
prise, August 24 to 26.
Burns, September 3 to 5.
Heppner, September 2 to 4.
Canyon City, September 7 to 9.
Vale. September 10 to 12.
County Superintendent E. T. Moores, of
Marlon County, says he expects to hold
the Marion County Institute immediately
after the State Fair. The dates will
therefore probably be between Septem
ber 21 and 26.
The annual session of the eastern divi
sion of the State Teachers Association
will be held at Baker City during the
Thanksgiving holidays, probably com
mencing November 2G.
Superintendent Ackerman will attend all
of these meetings, except those at Ban
don and Union, where he cannot go be
cause of conflicting engagements.
Leather waste Is used In a compressed form.
Instead of Iron, to make cogwheels.
Pogson, Pelontet S: Co.
PUBLIC ACCOUNTANTS.
New York
Chicago
St. Louis
Butte
20 Broad Street
- Marquette Building
Chemical Building
- Hennessy Bulldiag
AUDITS OP BOOKS AND ACCOUNTS.
SYSTEMS OF BOOKKEEPING OR COSTS.
FINANCIAL EXAMINATIONS. ETC.
TRAVELERS' UUIDK.
ITREATNQRTHERNj
Ticket Office 122 Third 5L Phone 688
2 TRANSCONTINENTAL O
TRAINS DAILY
Direct connection via Seattle or
Spokane, For tickets, rates and
full information call on or address
H. Dickson, C. T. A., Portland, Or.
JAPAN - AMERICAN LINE
AKI XARU.
For Japan. China and all Ailatlo points, will
leava Seattle.
About July 11.
S. S. "Ohio"
SAILS FROM SEATTLE
ON OR ABOUT AUGUST I,
FOR
(Nome and St. Michael
CQHHECTIX9 FOR ALL POINTS OX
Yukon, Tahana and Koyukuk
Rivers
EMPIRE TRANSPORTATION
COMPANY,
667 FIRST AVENUE. SEATTLE.
WILLAMETTE RIVER ROUTE
OREGON CITT THAKSPOaUIIOrf CI
Steamer POMONA, for Salem. Independence,
leave fl: A M. Tuesday, Tnuradar, Satur
day. Steamed ALTONA. for Buttevllle, Wilson.
Tllle, Champoes, Newbers and Dayton, leaves
1 A 3i- Monday. Wednesday, Frday.
Steamer LEONA. tor Orecon Cltr. leaves
dally, 8:30. 31:30 A. M., 3 and 6:15 P. ii.
Leaves Oregon City, 7. 10 A. iL; 1:30,
P. M- Round trip, 45c
DOCK FOOT OP TAYLOR STREET. Ticket
food on Oregon City cars.
Oregon phono Main 40.
TRAVELERS' UCIDK.
Oregon
Shoiit Line
an Union Pacific
3 TRAINS TO THE EAST DAILY
Througn Pullman standard and Tourist sleeping-cars
dally to Omaha, Chicago, Spokane;
tourist sleeping-car dally to Kansas City;
through Pullman tourist sleeping-cars (person
ally conducted) weekly to Chicago. Kansas
City. Reclining chair cars (seats free) to the
East dally.
UNION DEPOT. Leava Arrive
CHICAGO-PORTLAND 9:2U A. M. 4:30 P. M,
SPECIAL. Dolly. Dally.
For th East via Hunt
ington. SPOKANE- FLYER. 0:00 P. M 7:35 A- M.
For Eastern Waahmg- Dally. Dally,
ton. Walla Walla. Lew
Iston, Couer d'AIene
and Gt. Northern points
ATLANTIC EXPRESS 8:15 P. M. 10:30 A. M.
For the East via Hunt- Dally. Dally.
ington.
OCEAN AND RIVER, SCHEDULE.
FOR BAN FRANCISCO 8:00 P. M 5:00 P. M.
Steamer Geo. W. Elder, From
July 1. 11, m. 31; Alaska
Steamer Columbia, Jul lock.
6. 16. 20.
For Astoria and way 8:00 P. M. 5:00 P. M.
points, connecting with Dally ex. Daily
steamer for Ilwaco and Sunday, except.
North Beach, steamer Saturday, Sunday.
Hasaalo. Aah-st dock. 10 P. M.
POTTER saiHng-dates (Ash-st. dock) July
7, A. M.: July S. 7:40 A. M.; July 0. 8:30 A.
M.;July 10. 0 A. M.; July 11 (Saturday). 0:40
FOR DAYTON. Oregon 7:00 A. M. 3:00 P. M.
-lty and Yamhill River Tues. Mon.
points, Elmore, Ash-st. Thuu. . Wed.
dock (water permit- Sat. Frl.
ting).
For LEWISTON, Ida- 4:05 A. M. About
ho, and way points. Dally 5:00 P. M.
from Rlparia, Wash., except Dally ex.
steamers Spokane or Saturday. Friday.
Lewlston.
TICKET OFFICE. Third and Washington.
Telephone Main 712.
PORTLAND Jc ASIATIC STEAMSHIP
COMPANY.
For Yokohama and Hong Kong, calling at
Kobe. Nagasaki and Shanghai, taking freight
via connecting steamers for Manila. Port Ar
thur and Vladivostok.
INDHASAMHA SAILS ABOUT JULY 23.
For rates and full Information call on or ad
dress officials or agents of O. R. Sc N. Co.
EAST to
SOUTH
Leave
Union Depot
Arrive
OVERLAND EX
PRESS TRAINS,
for Salem. Rose
burg, Ashland, Sac
ramento, Ogden,
San Francisco, Mo
Jave, Loa Angeles,
ill Paso, New Or
leans and the East.
Morning train con
nects at Woodburn
Idally except Sun
day) with train for
Mount Angel. SU
verton, Browns
ville, Springfield.
Wendllnc and Na
tron. 8:30 P. M.
:4S A. M.
8:30
M.
7:00 P. M.
4:00 P. M.
7:30 A; M.
114:00 P. M.
Albany passenger.
10:10 A. M.
connects at wooa
burn with Mt An
gel and Sllverton
local.
Corvallla passenger.
Sheridan passenger.
5:50 P. M
U8:25 A. M.
"Dally. HDally, except Sunday.
PORTLAND-OSWEGO SUBURBAN SERVICE
AND
TAMHILL DIVISION.
Leave Portland dally for Oswego at 7:30 A.
M.. 12.60. 2:05. 3:25. 6:20. 0:25. b:30, 10:10
P. M. Dally, except Sunday, 5:30. 0:30. 8:33.
10:25 A M.. 4:00. 11:30 P. M. Sunday, only.
9:00 A. M.
Returning from Oswego, arrive Portland dally
8:30 A. M.. 1:55, 3:05. 4:35. 0:15. 7:35. U:53.
11:10 P. M. Dally, except Sunday. 8:25. 7:25.
0:30, 10:20. 11:45 A. M. Except Monday, 12:25.
A M. Sunday only. 10:00 A. M.
Leave from same depot for Dallas and Inter
mediate points dally except Sunday, 4:00 P. M.
Arrive Portland 10:20 A. M.
The Independence-Monmouth motor line oper
ates dally to Monmouth and A J rile, connective
with S. P. Cc's trains at Dallas and Inde
pendence. First-class rebate tickets on sale from Port
land to Sacramento and San Francisco: net
rate, $17.60: berth. ?5. Second-class fare. $15.
without rebate or berth; second-class berth.
S2.C0.
Tickets to Eastern points and Europs. Also
Japan China. Honolulu and Australia.
CITT TICKET OFFICE, corner Third and
Washington streets. Phono Main 712.
TIME CARD
OF TRAINS
PORTLAND
Depart. Arrive.
Pnget Sound Limited for Ta
coma. Seattle. Olympla,
South Bend and Gray s
Harbor points 8:30 am 5:30 pa
North Coast Limited tor Ta
coma, Seattle, Spokane.
Butte, St. Paul, New York.
Boston and all points East
and Southeast ..! 3:00 pm 7:00 acs
Twin City Expresa tor Ta
coma, Seattle. Spokane,
Helena. St. Paul, Minne
apolis. Chicago. New York.
Boston and all points East
and Southeast 11:45 pm 7:00 pa
Puget Sound - Kansas Clty
Kt Louis SDecIal. tor Ta
coma, Seattle. Spokane.
Butte. Billings. Denver.
Omaha. Kansas City, St.
Loula and all points East
and Southeast 8:30 am 7:00 am
All trains dally except on South Bend branch.
A. D. CHARLTON. Assistant General Pas
senger Agent. 2S5 Morrison st.. corner Third.
Portland. Or.
For South -Eastern Alaska
LEAVE SEATTLE. 9 P. M.
Steamships COTTAGE CITY.
CITY OF SEATTLE or CITr
OF TOPEKA. July 2, 6. 10.
14, 18. 22. 26. SO: August 3.
Steamers connect at San
Francisco with company's
steamers for ports In Cali
fornia, Mexico and Humboldt
Bay. -For further Information
obtain folder. Right is reserv
ed to change steamers or sailing dates.
AGENTS CHARLES H. GLEIM. 240 Wash
ington St.. Portland: F. W. CARLETON. 007
Paciflc ave., Tacoma: GEORGE W. AN
DREWS. N. W. Pass. Apint. Ticket Offices 113
James St.. and dock. Seattle. San Francisco
Ticket office. 4 New Montgomery St., C. D.
DUN ANN. Gen. Pass. Agent. San Francisco.
Astoria & Columbia
River Railroad Co.
iZSrt SUNSET T11
O 0GCENSHAST-2
Wn pcStes JO J
Leaves. UNION DEPOT. Arrives.
Dally. For Maygers, Rainier, Dally. '
Clatakanle, Westport.
8:00 a. m. Clifton, Astoria. War
230p. m. renton, FTavel, Ham- 11:10 s. a
(Sat. mond. Fort Stevens,
only.) Gearhart Park. Seaside,
Astoria and Seashore
7:00 p. no. JSxpress. Dally.
(Kscept Astoria Express. 0:4o p. m
Sat.) Ually.
E. L. LEWIS, J. C. MAYO.
Comm'l Agent, 24S Aider st. O. F. & P. A..
Phone Main 006. "