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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 18, 1907)
THE MORNING OREGOXIAN, SATURDAY, MAY 18, 1907. 1? i A. V GOES UP STEADILY Local Wheat Market Contin ues to Advance. DEMAND IS VERY STRONG Eastern States May Call On This Section During the Coming Fall for Grain Supplies The Foreign Inquiry Is Good. The rapid advances III the Easter 'Wheat exchanges1 find a reflection in the course of "Hhe local wheat market, which Is steadily climbing up and may yet reach the dollar mark. Elgthy-elght cents was quoted yester day In this market on bluestem and for club wheat the price was, up to 85 cents. The de mand was very strong, both from the milling interests and exporters, and there was also a keen Inquiry from California, where prices have been advancing In proportion to the rnovement In other .markets. . The relative prices in this section and in the Kast are almost at a stage that would permit of shipping of grain Eastward over the Boekles, but there Is llttlo of the old crop available for such purposes. The coming sea son, however, may see a repetition of the movement of two years ago, when a great quantity of Oregon and Washington wheat found its way into the markets of the Mid dle Western states. If the present crop prom Lies in these sections are borne out, there will undoubtedly be a demand from there this Fall for North Pacific wheat. California will also want considerable supplies from this sec tion, and the Oriental inquiry likewise prom ises to be as good as in the past season. There Is also certain to be a good wheat market In Europe. Nothing seems to cloud the prospect for very remunerative prices being obtained by the farmers of the North Pacific Coast In the coming season. The indications are good for a big wheat crop in the sections tributary to this city, so there should be prosperity and plenty of It. - POTATOES ARE LIKELY TO ADVANCE tood Proportion of the Remaining Supply Will Be Sent to San Francisco. Something like 25 cars of Oregon potatoes will be forwarded to San Francisco, where changes for the better have taken place. These shipments will not affect the Califor nia market, but will materially stiffen the situation here, where the market is already very firm. No more Eastern potatoes are tomlng to this city, and higher prices are likely to rule during the remaining month of the old potato season. At San Francisco the leading receivers t. have formed a combine for their own pro tection and advanced the price of Eastern potatoes. At last accounts Oregon potatoes were in small supply there, and stocks of Klver potatoes were practically gone. The new crop from the River districts will be late in reaching market. GOOD MOVEMENT IN BUTTER MARKET Kggs Are Tending Downward Spring Chick ens More 1'lentlful. . . Considerable quantities of city-made but ter are finding their way Into cold stor age, and a good deal of outside butter is also being stored. At the same time, there is a first-class shipping demand, as well ns the customary local movement, and this keeps the market in steady trim. Eggs, after holding their own for several weeks, are tending downward again. Bb- 1 celpts are slacking up some'what. but th- outside Inquiry has fallen off, and specu lators have put away about all they want. Spring chickens are becoming more nu merous and buyers hesitate to pay the high prices recently asked, especially for the larger sizes. Other kinds of poultry are very slow. ALL, KINDS OF BERRIES ARE SCARCE But Supplies From California Will Be Heavier Today. Very few California strawberries came In yesterday, and Oregon berries were also scarce, but there will be a better supply today, 400 or 500 crates being due from the Southern state. Prices were very flim yesterday. Florin Jessies selling at $2, and Dollar berries at $2.25 per crate. Ore gon berries ranged from lliic to 25c, ac cording to quality. Two cars of navel oranges and one of lem. ons arrived during the day, and a mixed car of navels and sweets was due last night. Vegetables were in fair supply and sold well. NO COMBINE OF WOOL BUYERS. E. Y. Judd Declnres the Statement Is Ridiculous. PENDLETON, Or.. May IT "Nothing Is more ridiculous than the statement that the 16 or IS woolbuyers and the six or eight manufacturers who meet here every year at the wool sales day have, or will form, a combine to tlx the prices which they shall iay fr wool," declared E. Y. Judd, man. ager of the Pendleton Wool Scouring Mill, when npeaklng of the Eastern Oregon wool growers' plan to form a combine and ship their wool East to a competitive market, lie says that It would be impossible for the buyers to get together and agree on a price, or to hold together if they should agree on a price before making their bids. Mr. Judd maintains that- the price Is fixed by the supply and demand throughout the world anj that acH-oe trns buyers Knowing the market price, it is only natural that they should make about the BRme offer. 'Hut because half a dozen buyers bid the same Is no excuse for anyone declaring -if. that the buyers have formed a combine to bid the same and keep the price down," 8a.d the millman. t Bank Clearings. Bank clearings of the leading cities of the Northwest yesterday were: Clearings. Balances. Portland J l.:i"2.K4'J JIM. 721. Seattle l,A::i.04 .177.334 Tacoma SO!). 770 J27,si2 Spokane 1.1:15. 1S5 lu$,4dJ PORTLAND QUOTATIONS. Grain, Flour. Feed, Etc. MILL-STUFFS Bran, city 17. country f IS per ton; middlings, J4.5Oio.rf0; shorts, city 10, country $20 per ton: U. S. Mills dairy chop, fl5.00 per ton. WHEAT Chili. SIM S.lr; bluestem, 87 SSc: Valley, S3fg S4c; red. 82fi Stc. OATS No. 1 white, 28.00&2; gray, 2S 2. FLOUR Patent. S4.B5; straight, $4; clears, Hi Valley, X4.0oM.15; graham flour, f4(j4.30; whole wheat flour, 4.25ff 4.7.-1. RYE 11.45 1.50 per cwt. BARLEY Feed, S21.K0W22 per ton; brew ing, nominal: rolled, J23. f0 24.60. CEKEAL FOODS Rolled oats, cream, 90 pound sacks, $7: lower grades, $3.3013 6.50; catmeal, stee!-cut, 45-pound sacks, $3 per barrel; 0-pound sacks, $4.25 per bale; oat meal (ground). 45-pound sacks, $7.50 per barrel; l)-pound sacks, $4 per bale: spilt peas, per 100 pounds, $4.254.S0; pearl bar ley, $4f'4.50 per 100 pounds; pastry flour, 20-pound sacks, $2.30 per bale. CORN Whole. $20: cracked, $27 per ton. HAY Valley timothy. No. 1, $17 IS per ton; Eastern Oregon timothy, $2123; clover. $: cheat, 10; grain hay, $0010; alfalfa. $13ft 14. Vegetables, Fruits, Etc. DOMESTIC FRUITS Strawberries, Cali fornia. I-1 iv l.ic .per pound; Oregon. 121" 25c per pound; cherries, fl.lvtu U per box; apples, $1 2.50 per box; cranberries, $10.."0 11 per barrel; gooseberries, 10c per pound. TROPICAL FRUITS Lemons. $3.506.25 box; oranges, navels, 2 50i3 50; grape fruit. 3&.1. 50: bananas, 5c per pound. ROOT VEGETABLES Turnips, $l1.23 per sack; carrots, $1 & 1.23 per sack; beets, $1.25i3 1.S0 per sack; garlic. TfcSlOc per pound; horseradish. 7&Se per pound: chic ory. 30c. FRESH VEGETABLES Cabbage, Cali fornia, 4j3V,c per pound; cauliflower, $1 ff$1.25 dozen; lettuce, head. 3545o dozen: onions, 10W12&C per dozen: tomatoes. $2.25 ft 4 50 crate: parsley. 25 ft 30c: artichokes, 75S80C dozen; hothouse lettuce, $2 box: peas, 7fSc: radishes, 20c dozen; asparagus, la Sc pound; bell peppers, 3u335c pound rhubarb, 4c per pound; cucumbers, $1.30fd 1.75; spinach, $1.50 per crate; beans, lopHo per pound. " ONIONS Oregon. $22.50 per hundred; Texas, per pound. DRIED FRUITS Apples, 88Ho pound; apricots, 16&lwc; peaches. 114213c; pears, 11 tt ?? 14c: Italian prunes. 6c; Califor nia Jigs, white, in sacks, 5&6Sc per pound; Mack, 4tefr5c, bricks, 75e$2.25 per b)X; Smyrna, 1820e pound; daws, Persian. OH i 7c pound. a POTATOES Jobbing price: Oregon and Eastern, $2-00 per sack ; new potatoes, O&lrwc pound; sweet potatoes, 6c per pound. RAISINS Layers and clusters, 2-crown $2.15, 3-crown $2.25, 5-crown $3.10, 6 crown $3.50; loose muscatels, 2-crown 8c, S-crown Stic 4-crown 9Kc: seedless Thomp sons. 10 He: Sultanas. 8 12 He Batter, Eggs, Poultry, Etc BUTTER City creameries: Extra cream ery. 22 He per pound. State creameries: Fancy creamery, 2022Hc; store butter, 17 BUTTER FAT First grads cream, 210 per pound; second grade cream, 2o less per pound. CHEESE Oregon full cream twins, 189 17c; Young America, 17lSc per pound. POULTRY Average old hens. 14c; mixed chickens, 13Hc; Spring fryers and broilers, 20ifr23c; old roosters, DSJlOc: dressed chickens. 16&lTc; turkeys, live. 13 fj15c; turkeys, dressed, choice, 18HW20C; geese, live, per pound, 8c; young ducks, nomi nal; old ducks, lo;8c; pigeons, $191.60; squabs. S2&3. EGGS 17 H 18c per dozen. Dressea Meats. VEAL Dressed, 766123 pounds, 8c; 125150 pounds, 7c; 100(0200 pounds, c; 00 pounds and, up, 5Ht)c. BEEF Dressed bulls, 4&4'.Ac per pound; cows. 8??7c; country steers, 7ig8c. MUTTON Dressed, fancy, 1010Ho per pound; ordinary, 6Uc; Spring lambs, with pelts. 94 luc. . .,' PORK Dressed. 100f?130 pounds, 8H 9c; 1500200 pounds, 7ffi7Hc; 200 pounds and up, tt&OHc. - PORTLAND STOCK EXCHANGE. British Columbia Amalgamated at Decline From Last Price. British Columbia Amalgamated sold at 254 on the local exchange yesterday, the first trans action In this stock since .April 19, when It brought 314. Associated Oil was lower In the bidding and Alaska Petroleum was steady at 16 bid and 20 asked. t - Official prices were as follows: Bank Stocks Bid. Asked. Bank of California : 347H Bnnkers' & Lumbermen's..... 104 ... Merchants' National 185 Ofegon Trust & Savings 160 Portland Trust Company ... 120 United States National 200 .... LISTED SECURITIES. Bonds American Biscuit Co. 6a 98V& 100 City & Suburban 4s 03 Home Telephone 5s ... 85 O. R. & N. Ry. 4s , i7 100 O. W. P. & Ry. us 100 13H Pacific Coast Biscuit 6s 7 100 Portland Railway 5s 00 '4 Miscellaneous Stocks Associated Oil 3514 36 H Home Telephone 3S 42 H Pacific States Telephone 2 ... Puget Sound Telephone ... 40 Mining Stocks Lakeview ... 15 Manhattan Crown Point 1!'4 22H Fotlcte Mlnlns 1H 21 Washougal Extension 25 26 UNLISTED STOCKS. Yaquina Bay Telephone 5 Oregon City Mill & Lumber 4 Alaska Petroleum 16 20 British Columbia Amai '. 02',4 05 Cascadia 20 . 25 ',4 Mammoth t)t)H 1-1 Vi Morning 03 H 05 Standard Consolidated 07 11 Tacoma Steel 10 11 Coeur d'Alene District Bullion 0B 10 Copper King 13 14 Happy Day 04 H 0514 O. K. Consolidated 04 05 Vi Snowshoe 37 H 42 Snowstorm 2.82H 2.80 SALES. 1000 British Columbia Amai 02 H Eastern. Mining; Stocks. BOSTON, .May 17. Closing quotations: Adventure . .$ Allouez .... Amalgaraatd Atlantic .... Bingham Cal. & Hecla Centennial Cop. Range. Daly" West. . Franklin ... 3.00 48.00 04.50 12.0O 17.50 870.00 28.75 83.25 IParrot .$ 22. jQuincy ...... 123. 00 .50 73 Shannon '. . 17. Tamarack .. 115 O0 .50 .00 50 00 50 2H UO Trinity United Cop. . U. S. Mining lu. S..OIU.... I Utah IVIctorla .... IWinona 1H.25 17.00 130.00 18.00 11. SO 14.00 86.50 Granby .... iRle Royale. Mass. Mining Michigan . . , Mohawk Mont C. & C. O. Dominion Osceola .... Wolverine . . 162. 00 niH North Butte. IButte Coal... iNevada ..... . 76 14 H 00 00 3.12H 53.50 40.00 Cal. & Ariz.. 174 Ariz. Com... 2tt- Money, Exchange, Etc. NEW YORK. May 17. Prime mercantile paper, 5H Sterling exchange strong. with actual Business in bankers' bills at $4.86SO 4.SH83 for demand and at $4. 838004. filifco for 60-day bills. Posted rates, $4.844.841.4 and $4 87 4.87H. Commercial bills, $4.S3H F4.83. Bar sliver. G554c. Mexican dollars, 50Hc. Government bonds, steady; railroad bonds, heavy. Money on call, steady,. 2ft'2H per cent: ruling rate, 2H: closing bid. 2 '4: offered, at 2H. Time loans, steady; 60 days, 3 04 per cent; 00 days, 4 per cent; six months, 4H 4 per cent. - LONDON. May 17. Bar silver, quiet, SO 5-lMd per ounce.. Money. 2 14 8 2 per cent. . . The rate of discount In the open market for short bills is 3 1-16(35314 per cent:-for three months' bills, 33 per cent. SAN FRANCISCO, May 17. Silver bars. 63Sc. J Mexican dollars. 51c. Drafts, sight, par; time. 2Hc. Sterling on London. 60 days, $4.84H; sight.. $4. 8774- Dally Treasury Statement. WASHINGTON. May 17. Today's Treas ury statement shows: Available cash balance ......... .$251,973,807 Gold . coin and bullion 05.8S2.012 Gold certificates ' 4,U06,490 NEW PLAN TO, REACH POLE Peary lias Scheme by "Which He l-'eels Certain of Success. BOSTON, May 17. Commander Robert E. Peary has decided upon some changes in his next attempt to reach the North Pole, according to an interview with the explorer, published today. "The main Improvement over the last plan." said the explorer, "will be that I shall continue, farther to the westward along tha North Grantland Coast and then when I take to the ice I shall bear to the windwaxd and thus offset the con tinuous drift to the east, "The second great difference will be that I shall so arrange matters that there can be no recurrence of the unfortunate contingency that cost us the prise last trip. There will be no separation of the parties this time as there was last and I shall have the relay system so per fected that at that time, in any event. I can reload ample supplies and press for ward with the- pole party. For the rest, there will be the dogs and the Esquimaux just as upon the former expedition. This time I shal win." Commander Peary said that he thought the necessary $100,000 to equip the expe dition, half of which has already been subscribed, would be' forthcoming soon. He denied the reports that his wife would accompany him upon the next Polar expe dit'on Women from their sedentary Tiablts, are often subject to headache and con stipation. These are quickly removed by Carter's LJttle Liver Pills. Damascus creamery butter fat, f. o. b. Portland, 22'iic. FALL TRADE IS GOOD Wholesale Business Brisk, Ex cept Where Crops Suffer. PAYMENTS MORE PROMPT Breaking of Deadlock in Western TV00I Markets Indicates High er Prices for Early Part of the Season. NEW YORK. May 17. K. G. Dun & Co.'a Weekly Review of Trad tomorrow will say: Improvement in retail trade followed the advent of seasonable weather at many points and payments were more prompt as Spring merchandise was distributed, but conditions are still Irregular. Sensational advance in price of farm products. especially wheat, followed reports of extensive damage to ths crops, but frequent reactions emphasized the speculative nature of the rtoe in Quotations and tended to restore confidence. Wholesale trade In Fall goods is brisk at all points, except where the crops have been seriously Injured, and the net result of thlsj forward business makes the outlook for the future fairly satisfactory. There was large tonnage placed for struc tural shapes, chiefly for building at the West, although bridge work continues to take much steel. The only Changs In hides is the seasonable Improvement in shorter-haired skins of late saltings. MORE ACTIVITY IX WESTERN WOOL Large Primary Lumber Markets Report Good Pemand. NEW YORK, May 17. Bradstreet's tomor row will sayr Unseasonably cold or rainy weather is a subject of complaint through a wide area, checking retail trade and retarding collec tions, and renewed claims of damage to crops are forcing values for all agricultural pro ducts to higher levels. Taken as a whole, crop reports are a trifle more encouraging. The cold weather, however, prevents . growth In Winter wheat, oats and cotton, and re tards planting of corn, the last of the great crops to be seeded. . There is more doing in wool in the West, where the deadlock between dealers and pro ducers has been broken. Prices have been paid which Indeed indicate that Eastern quotations must advance to show profits for the dealers. There are reports that unsatisfactory weather has checked building in some sec tions. Large primary lumber markets re port a good demand and firm prices. Business failures for the week ending May 16, nunfber 184, against 154 last week, 161 in the like week of 1006, 181 In 1905 and 155 In 1803. Canadian failures number 21 as against 13 last week and 15 in this week a year ago. Bank Clearings. NEW YORK, May 17. Bradstreet's bank clearings report for the week ending May 18 shows an aggregate of $2,817,500,000, as against $2,855,497,000 last week and $2,95, 0&6.0O0 in the corresponding -week last year. . Canadian clearings for the week total $85, 86A.O00, as against $85,366,000 last week and $76,505,000 in the same week last year. The following la a list of the cities: P.C. P.C. Inc. dec. New York $l,flflS.92B.0O0 15.7 Chicago 262.4811,000 23.5 Boston - 161,810,000 4.8 Philadelphia 14O.06S.O00 2.2 St. Louis 66.4S8.uflO 1..7 .... Plttfiburg Bl.440.unO 12.1 .... Ban Francisco 43.433,000 .... Baltimore 28.683,000 3.7 .... Kansas City 33.7Si9,0OO 44.0 Cincinnati 28,11,000 8.0 New Orleans 13,153,000 .... 2.8 Minneapolis 24.324.000 44.1 .... Cleveland 18,346,000 4.6 .... Detroit 15,1.-7,M)0 6.0 .. Louisville 13.863,000 8.9 .... Los Angeles 12.256.ooo .6 .... Omaha 10,!H3.0o0 8.9 .... Milwaukee 10,747, 000 11.3 .... Seattle 11,301,000 1U.0 .... St. Paul Jt.... 9,464.000 24.3 Providence .. . 8,188,000 6.1 .... Buffalo 9.513.000 4.8 .... Indianapolis 8,5,-6.oO0 26.1 .... Denver 7.452.000 14.1 .... Fort Worth 7.8"3,ooO 35.6 Richmond 6.139,000 9.9 .... Albanv 8.35M.0U0 31.5 Washington 8.053.000 6.4 Salt Lake City B.718.O00 25. 6 .... Portland, Or 8.274.00O 44.4 Columbus. Ohio .... 6.6I7.0OO 2.7 St. Joseph 6,676,000 19.2 Memphis 4.196,000 13.3 Savannah 8.573,000 .... 2S.2 Atlanta 4.857.000 1.0 Spokane, Wash. 8.0&6.000 33.4 .... Toledo. Ohio 4.2S0.U00 7.3 .... Tacoma 4.924.000 22.0 Nashville 4.2ti9.000 12.7 Rochester - 3.726.000 9.2 .... Hartford 8.932,000 27.0 Peoria '2,934,000 15.4 .... Des Moines 3.172.000 6.2 Norfolk 3.233.000 17.6 .... New Haven 2. 677. oik) 13.0 .... Grand Rapids 2.547.0UO 8.9 .... Dayton Z.14Z.U0O la.i .... Portland. Me 1.874.000 2.0 Sioux City 2.254.000 28.5 Springfield. Mass. .. 2.3S9.000 25.0 fevansviue z.zna.ouo to. 4 ... Birmingham 2.137.000 12.8 .... Syraoufe 2.157.000 6.8 Augusta, Ga l.sso.ooo .... 16.7 Mobile - 1.34.i00 4.2 Worcester 1,038. 000 30.5 .... Knoxvllle 1.144,000 20.0 Wilmington, Del 1.317.000 2.1 .... Charleston. S. C... 1.317,000 13.2 Chattanooga ' 1,560.000 21.2 .... Jacksonville, F!a. ..- 1.637.0K0 13.0 Wichita- I.8B8.OOO 22.9 . . Wllkesbarre l.J'.e.lio 36.1 Davenport 936.000 19.9 .... Little Rock 1.3!W,000 8.3 .... Wheeling. W. Vs.... 1.258.0O0 32.7 Fall mver i.h'i.oiio .... jz.s: Kalamazoo, Mich 996.000 1 Topeka 1,041.000 18.9 Springfield, 111 745.000 .... 1.3 Helena 7u.000 .... 26.2 Fort Wayne, Ind.... Dol.OOO 14.6 New Bedford 797,000 16.8 .... Lexington (M6.U00 17.6 Your.gatown 613.000 .... 2.5 tne, i'a. ........... w.ihiu zi.x .... Macon (Hfi.OOO 13.9 Akron , 778.000 11.1 Rockford. Ill 655.000 8.2 Cedar Rapids, Iowa.. 624.000 .6 Chert er. Pa 507,000 .... 4.1 Binghamton 567.00O 3.8 Fargo. N. D 4t.-2.000 7.4 .... Lowell 690.000 82.5 .... Canton. Ohio 667.0O0 23.2 Bloomington, 111 39.000 23.1 .... South Bend, Ind 827,000 54.4 .... Qulncy. Ill 40).000 5.2 .... Siirlngfleld. Ohio 376,000 8.0 .... Sioux Falls, S. D.... 375.000 17.3 Mansfield. Ohio 258,000 Decatur. Ill 351.000 30.8 Fremont. Neb 274.000 56.5 Jasksonvllle. Ill 192,000 20.1 Lincoln. Neb. 1.811.000 21.2 .... Oakland. Cal 3.047.000 Houston 24.432.000 18.8 .... Galveston . 15.509.OSO 22.4 .... CANADA. Montreal . .". ..1 . . .. . Toronto Winnipeg Ottawa Vancouver. B. C..., Halifax Quebec Hamilton .......'.... St. John, N. B London. Ont. Victoria. B. C. - Calgary SMmonton 30.457.0O0 1.4 25.311. Ooo 4.3 12.564.000 34.4 .... 3.18H.000 26.1 .. 3.725.000 62.3 .... 1.759.OO0 4.2 .... 2.2O3.00O 83.7 .... 1.745.000 20.2 .... 1.203,000 9.3 1.291.000 16.3 .... I.077.OOO 48.9 .... 1.!W8.0im .... .... S80.000 QUOTATIONS AT SAX FRANCISCO. Prices Paid for Products in the Bay City Markets. SAM FRANCISCO, May 17. The following prices were quoted In the produce market yesterday. FRUIT Apples, choice, $2; common. $1; bananas, $1 2.50; - Mexican limes, $68; California lemons. choice, $5; common, $1.50; oranges, navel, $13.50; pineapples. $4 6. VEGETABLES Cucumbers, $1.2591.75: green peas, lH3c; string beans, 4 ifl 5c; 'as paragus, 51912c; tomatoes, $1.504. EGGS Store, 1518c; fancy ranch, 19ViC. POTATOES Early Rose, $1.60 1.75; sweets, $44.50; Oregon Burbanks, $1,75 0 2.25; Oregon seed Burbanks, $1.65 & 1.75; Eastern. $1'.601.76; new, 23c. ONIONS Oregon. $2g2.25, Australian, $4.25 (64.50: Bermuda. $2!g$2.25. a UTTER Fancy creamery 221c; cream ery seconds. 21c; fancy dairy. 21c: dairy seconds, nominal; plekled, 20c. WOOL Fall. Humboldt and Mendocino. 13&14c; Nevada, 15 16c; South Plains and Ean Joaquin, 6gSc; lambs. 7310c.. HOPS California, 7 10c. CHEESE Young America. 13H14c; Eastern. 12c. HAY Wheat. $17$?20: wheat and oats, $10 19.50; alfalfa, $SS 13; stock. $STJfO; straw. 4519850. MILLSTUFFS Bran, $2021.50; mid dlings, $27330. POULTRY Roosters, old, $4 94.50; young, $710; broilers, small, $2(g)3; large, $3.50 5; fryers, $67; hens, $59. Ducks, old, $5&6; young, $GS. FLOUR California family extras, $4.85(9 5.30; bakers' extras. $4.604.80; Oregon and Washington, $3.75g4.50. RECEIPTS Flour, 10,460 quarter sacks; wheat, 35 centals: barley. 2060 centals; oats, 635 centals; beans, 620 sacks; potatoes, 1O00 sacks; bran, 700 sacks; middlings, 20 sacks; hay, 937 tons; wool, 203 bales; hides, 580. Coffee and Sugar. NEW YORK. May 17. Coffee futures closed Bteady at a net advance of S points. Sales, 47,450 bags. Including: May, 5.60 5.65c: July, 6.40,fl.45c; September, 5.85: December. 5.35&5.40c; March. 5.405.45c. Spot closed steady. No. T Rio, 6Hc; 8antos, No. 4, 7c; mild, quiet; Cordova, 912c. Sugar Raw, firm; fair refining, 8.37c; centrifugal, 96 test, 3.37c: molasses sugar, 3.12c; refined sugar. Bteady. STOCKS ARE NEGLECTED SPECULATORS GO IN FOB COT TON AND WHEAT. Sagging Tendency of Prices in Ac cordance "With the Rising Values of Grain.- NEW YORK. May 17. The stock market today showed almost entire neglect on the part of the general world of capital and finance. Such speculative Interest as ex ists finds more attraction in the grain and cotton markets. - An important effect on the trading is produced also by the re tirement of some of the habitual trad ers -whose plunging operations In the past hare filled up the measure of stock market ac tivity.' There seems to be an entire pros-" tratlon of general demand for securities in the open market, and there Is almost as striking an absence of any large selling. The undertone of the market Is heavy, as is almost Invariably the case in periods of extreme dullness. The sagging tendency today was a sym pathetic reflection from the rising wheat market. The selling of stocks was traceable In part to sources which are active buyers of wheat.. This selling seems to be pro fessional, as all other transactions in the present ' market are,' and the growth of the short account is believed to keep pace with this selling. The upshoot In Canadian Pacific was an example of the danger of the short side of the market In Its present narrow condition. A published report at tributing to President Roosevelt an in tention to move for a commission to ap praise the- railroad property of the country and the belief that further action against some of the great corporations is Imminent at Washington were cited as grounds for discouragement of any active operations In the market. Bonds were heavy. Total sales, par value, $1,417,000. United States bonds were un changed on call. . .CLOSING STOCK QUOTATIONS. S Closing Sales. High. Low. Bid. Adams' Express 290 Amai. Copper 105.500 93 94(4 9414 Am. Car & Foun. 300 87 87 36 do preferred - 90 Am. Cotton Oil ... 400 81 30 30 do preferred .......... ..... ..... 87 American Express. ... ..., - ..... 205 Am. Hd. & Lt. pf 20 American Ice .... ...... ..... ..... 67 Am. Linseed Oil 11 do preferred - 256 Am. Locomotive .. . 4O0 61 "4 61 61 "4 do preferred ". 106 Am. Smelt. & Ref. 8,300 12!5i 128ft 129 do prererrea .... 400 li lvn hh ft Am. Sugar Ref... 200 125 125 125 Am. Tobacco 'ctfs. 3oo 92 924 92 Anaconda Mln. Co. 8.000 63 62 ",4 62'i Atchison 2o,5oo . 89 87 8i do preferred .... 100 94 94- 94 Atl. Coast Line... 300 loo" loot 100 Bait. & Ohio 8.700 96 95 96 do preferred 81 1 Brook, Rap. Tran. 6.000 59 58 58'i Canadian Pacific. 12,400 175 171 173'A Central of N. J... 200 183 183 180 es. & Ohio 4,500 37 36 36 Chi. Gt. Western 11 Chicago & N. W.. 900 152t4 151 151 C. M. & St. P.... 14,100 132 130 13114 Chi. Ter. & Tran 5 do preferred 16 C. a, C. ft, L.- 69V4 Colo. Fuel & Iron. 6.300 33 31 32 Colo. & Southern.. 500 24 24 23 do 1st prererrea ..... Ew do 2d preferred 45 Consolidated Gas 131 Corn Products ... 500 19 18 19 do preferred 75 ' Del. & Hudson 1,200 17614 175 175V4 Del., Lack. & Wes ... 468 D. & R. Grande 2714 do preferred - ,214 Distillers' Securl.. 500 8 68 67 Vj trie 1,900 234 2.-i 23 do 1st preferred. 6,000 65ft " 65 55 do 2d preferred 38TA General Electric .. 17100 145 143 143 Hocking Valley .. 200 140 140 138 Int. Paper 13 ft do preterred .... Jw 2014 24 23 Int. Pump 25 do preferred ..... 76 Iowa Central 500 18'4 18 18 do preferred .... 700 41 40 41 K. C. Southern 25 do preferred 700 69T4 69 " 59 '4 Louis, & Nash... I15I3 Mexican Central... 400 20 20 2uft Minn. St. L 49 M., St.P. & S.S. M . 100 do preferred . . zoo 131 130 128 Missouri Pacific... oo 75 73 74ft Mo.. Kan. ic Tex. 1.50 35 . 34 36 do preferred .... loo 4 4 04 National Lead ... 4,300 65 64 64 Mex. Nat. Ry. pf. 62 N. Y. Central 1,900 113T4 113ft 113ft N. Y.. Ont. & Wes. 600 86ft 86 35 Norfolk & West 76 do preferred 75 North American... 500 70 69ft n I'acinc Mall ZBft Pennsylvania 18,400 122 121 122ft People's Gas a ' 91 P.. C. C. & St. L 70 Pressed Steel Car. 400 84 34ft 84 do preterred . ..... ..... 91ft Pullman Pal. Car 165 Reading 114.100 108 107 107ft uo lm. preienru , do 2d preferred 81 Republic Steel .... 400 26ft 2 26ft do preferred 1W 85 S5 85 Rock Island Co... 2.5O0 21 20 20ft do preferred .. . 46 St. L. & S.F. 2 pf. 900 33 32 82 sit. L. Southwest.. 197,4 do preferred 54 Southern Pacific... 8.900 83 82 83 do preferred 5O0 113 112 112 Southern Railway, l.ooo 20 20 20 do referred 700 66 66U fiiA Tenn. Coal & Iron. 100 146 146 14ft Texas tt Pacific... ' 4"K) 28ft 28tJ 28 TOl., hl.L.. wes. wto 29ft do preferred 200 53 53 52 Union Pacific .... 9.1.B0O 144 142 143 do preferred ..... ..... 88 TJ. 8. Express ... 85 . U. S. Realty 300 60 60 n U. S. Rubber oOO--4" 40 40ft do preferred ..... looi-i U. S. Steel 4.300 86 354 35 do preferred 7.800 100 99 99 Va.-Caro. Chem... . 400 27 27 27 do nref erred 104 Wabae-h 800 13 12ft 13 ao prererrea .......... ..... ..... Westlnghouse Elec J44 western vnion .. iiu tu g2 82 Wheel. & L. Erie It Wisconsin Central it do preferred .... 100 4n 40 ST Northern Paclflo .. 8.50O 132 130 131 Central leather... 300 27 27 27 do preferred 94 floss-Sheffield .... 500 61 50 50 Int. Metal ....... 1.700 22 21 21 do preferred .... 2.80 56 53 55 Gt. Northern pf. . . 1.2u0 133 132 132 x uiul Mies . -kj,jv snares. BONDS. NEW YORK, May IT. Closing quotations: U. S. ref. 2s reg.104 'D. A R. G. 4s.. 94 do coupon 104 IN. Y. C. G. 3s 83 V. S. 3s reg 102 JNorth.'Pac. 8s.. 72 do coupon 102 (North. Pac. 4s.. 100 U.S. new 4s reg.129 'South. Pac. 4s.. 88 do coupon. .. .129'l-nlon Pac. 4s.. 101 TJ. S. old 4s reg.101 IWls. Cent., 4s... 80 do coupon. ... 101 'Jap. 6s 2d ser... 98 Atchison adj. 4s 90 IJap. 4fts ctf 92 New York Cotton Market. NEW YORK. May 17. Cotton futures closed steady at a net advance of 10 18 points. 'May. 11.03e; July, 10.98c; August. 10.99c: September, 11.04c: October, 11.19c; November, 11.20c; December, 11.25c; Janu ary. . 11.39c; February. 11.41c; March, 11.48c. NEIV HIGH REGORDS All Wheat Options Close Above Dollar Mark. BUYING ON IMMENSE SCALE Orders Poor Into the Chicago Pit From Ail Sections of the Country Corn and Oats Are Also Soaring. CHICAGO. May IT. New high-record marks for tha season on all the leading op tions of wheat were established on ths Board of Trade here today during a ses sion that for volume of trading eclipsed any previous session. Wheat for July delivery today sold at $1.02. more than 2 cents above ths former high-record point. Sep tember advanced to SI. 03, and ths De cember option to fl.03. Part of the gain was lost on profit taking, but the market closed 'trong with July showing a net gain for the day of lc. September was up lc. December was 1 e higher. Tne wheat market throughout the entire day was ex tremely nervous and trading was of such huge proportions that lt was almost Impos sible to. follow. There seemed to be no limit to the amount of wheat buying which came from all sections of the country. The market closed excited and strong. July opened 'c to 2c lower at 9698c, sold up to tl.02 and closed at $1.00. Sep tember opened c to 2c lower at 9799c, lumped to -SI. 03 and closed at $1.01. December opened lo to 2c lower at 99a to $1.00. fell back to 93c and then went up to Sl.03. Final quotations were at Sl-02. Corn prices also touched new high-record marks for the season. The close was strong. Trade In the oats pit was of enormous volume and prices advanced 2 to 3 cents a bushel. A report that the oats crop of California is almost a total failure was one of the reasons for the sharp upturn. The market closed strong. Active covering by foreign shorts and buying of ribs by South ern packers caused strength In provisions. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. May . S .95ft S .Oitft $ .95ft $ .98 July 98 1.02 .9ift 1.011 September ... .7ft 1.03 .9 1.01 December ... 1.00 1.03ft .98 102 CORN. May 63 .64 .63 S4ft July t .52 .54 -.52 .5.: September ... .63 .54 .52 .53 OATS. May 45ft .4834 ,45ft .47ft July 44 .47 .44 .46 September ... .37 .39 .36!i .39 MESS PORK. July 16.55 16.75 16.45 18.70 September ...16.60 16.80 16.50 16.77ft LARD. July 9.15 9.35 B.12 9.27 September ... 9.27 9.50 9.25 9.47 SHORT RIBS. July' 8.82ft 8.07ft 8.82ft 9.00 Septamber ... 8.97ft 9.22 8.97 8.15 Cash quotations wereas follows: Flour Firm. Wheat No. 2 Spring, $lSll.03ft; No. 3, 82c fl.02; No. 2 red, 95ft99ftc. Corn No. 2, 54ft(554c; No. 2 yellow, 84 r5c. Oats No. 2, 47ftc; No. 2 white, 46ftc; No. 3 white, 48ft46c. Rye No. 2, 8182ftc. Barley Fair to choice malting, 81 84c. Flax seed No. 1, S1.19ft; No. 1 Northwest ern, SI. 26. Timothy seed Prime. $4.30. Clover Contract grades, $15. Short ribs Sides (loose), S8.75fftS.95. Mess pork Per barrel, $16.5016.62. Lard Per 100 pounds, $9.15. Sides Short, clear, boxed), $9.129.37ft. Whisky Basis of high wines. $1.29. Receips. Shipments. Flour, barrels 25, 600 46,600 Wheat, bushels 46,2x 2.!,:mo Com, bushels 141.600 501,800 Oats, bushels 265. 80O 206.SO0 Barley, bushels 39,900 17,300 1 Grain and. Produce at New York. NEW YORK. May 17. Flour Receipts. 15.200 barrels; exports, 13,400 barrels. Strong and higher. Wheat Receipts, 160,000 bushels; exports, 17,360 bushels. Spot, strong; No. 2 red. $1.03 elevator; No. 2 red, $1.04 f. o. b. afloat; No. 1 Northern Duluth, $1.14 f. o. b. afloat. A weak opening in wheat today. In fluenced by fine weather and big Argentine shipments, was replaced by one of the most excited advances of the week. The close was strong 2 to 2o net higher. May closed at $1.06; July, $1.06; Septem ber, $1.06, and December at $1.08. Hops and wool Steady. Hides Weak. Petroleum Firm. Grain at San Francisco. SAN FRANCISCO, May 17. Wheat and barley, stronger. Spot quotations: Wheat Shipping, $1.42 ft 1.47ft ; milling. $1.50 1.00. Barley Feed, $1.23 1.26 ; brewing, $1.201.27. Oats Red, $1.451.75; white, $1.6O1.70; black, $1.85(62.23. Call-board sales: Wheat December. $1.58. Barley May. $1.27; December. $1.30. Corn Large yellow, $1.30 1.55. European Grain Markets. T,IVERPOOU May 17. Wheat May. nominal; July, 7s d; September. 7s ld. Weather In England fine. LONDON, May 17. Cargoes, firm. Cali fornia, prompt shipment, unchanged. 33s 6d; Walla Walla, prompt shipment, unchanged, 33s 3d. EngliBh country markets, firm. French country markets, firm. Minneapolis Wheat Market. MINNEAPOLIS, May 17. Wheat July, $1.01; September, $1.02: No. 1 hard, $1.04 1.04 ; No. 1 Northern, $1.03; No. 2 Northern, $1.01; No. 3 Northern, 97 88c. Wheat at Taconut, TACOMA. Wssh., May 17. Wheat, un changed. Bluestem, 86c; club, 84c; red, 81c. PORTLAND LIVESTOCK MARKET, price Current Locally on Cattle, Sheep and Hogs. The following prices were quoted in the local market yesterday: CATTLE Beef steers, $50i.V25; medium. $4.50r4.7ft; cows, $3.7ft4; fair to medium cows, $3.253.50; bulls, $1.5O2.30; calves, $4.P05. SHEEP Best, $6(gl6.2S; sheared. $o33.25; lambs, $66.50. HOGS Best, $7ifl-T.25; lightweights, $7g 7.50; stockers and feeders. $6 7597 23. Eastern Livestock Markets. BOUTH OMAHA, May 17. Cattle Re ceipts. 1600; market, strong. Native steers, $4.2.1iS5.75; cows and heifers. $34.85; Western steers, $3,504)5.25; stockers and feeders, $3 4.85; calves, $3 5.50; bulls, stags, etc.. $3 4. 75. Hogs Receipt. 8300; market, steady. Heavy, $6.10iS6.23; mixed, $6.1300.20; light, $8 25 6.35; pigs, $5.506. Sheep Receipts, 2500; market, steady. Tearlings, $5.7508.75; wethers, J5.50& 6.10; ewes, $4..50r5.75; lambs, $ 7. BO & 8.50. Metal Markets. NEW YORK, May 17. There was an ad vance of ls in the London tin market with spot closing at f 100 and futures at 4185 10s. Locally the market was dull and about 25 points lower with spot quoted at 43.50(9 44.75c. The spot situation is still much confused and quotations are little better than nominal. Vpp- r was a shade lower In the English market with spot quoted at 102 15s and futures at 101 IOs. Locally the market was dull and unchanged with lake quoted at J THE United States National Bank OF PORTLAND J. 0. Ainsworth, President. R. W. Schmeer, Cashier. E. Lea Barnes, Vice-President. A. M. Wright, Assistant Cashier. W. A. Holt, Assistant Cashier. Capital $ 500,000 Surplus and Profits 380,000 TOTAL RESOURCES 9,000,000 Transacts A General Banking Business Your-Account Is Invited Third and Oak Streets, Portland, Oregon Home i BondsHome Stock From the doable standpoint of safety and income, I strongly advise the purchase of HOME TELEPHONE BONDS. Around present prices, $87.5.0 to $90.00, these bonds net 6 per cent to investors. If you -want to speculate and double your money within eighteen months and secure a permanent dividend-payer, buy the HOME TELEPHONE STOCK; it will sell around $80.00 within the time mentioned. Watch the new Home) Telephone Directory grow and these securities advance. LOUIS J. Home Bonds, 6 Lafayette Building,- 24.7523.50c: electrolytlo at 2424.75; cast ing at 22.50 23.25c. Spelter was unchanged In London and locally. Lead was unchanged at 6S?6 05e locaily. but advanced Is 3d to 19 13a ud In the English market. - Iron was unchanged In the English mark et with standard foundry closing at 61s 4d and Cleveland warrants at 61s 6d. Locally the market was unchanged. Dairy Produce in the Last. CHICAGO, May 17. On the produce ex change today the butter market was weak. Creameries. 1822Vjc; dairies, 1721c. Eggs Easy; at mark cases Included, 15c; firsts, 14Vc; prime firsts, 15ftc. Cheese Steady, 1314Vc. Wool at St. Louis. ST. LOUIS, May 17. Wool Steady. Me dium grades, combing and clothing, 24 27c; light fine. 21i6'21ttc; heavy fine, l."17c; tub washed. 30Si37c. TRAVELERS' GUIDE. Jamestown Rates at Last CHEAP ROUND-TRIP EX CURSION RATES TO ALL POINTS EAST The Rock Lsland Lines an nounce special round - trip rate of one first-class fare plus $10 to OMAHA, ST. PAUL KANSAS CITY ST. LOUIS AND CHICAGO. Dates of sale: May 20, 21; June 6, 7, 8; July 3, 4, .5; August 8, 9, 10; September 11, 12, 13. Stopovers anywhere within limits going or returning; your choice of flutes. For further particulars call on or adilvess C. A. Hunter, -- Gen. Agent, 140 Third St.. Cor. Alder, Portland, Or. North Pacific S. S. Co's. Steamships Roanoke and Geo. W. Elder Sail for Eureka, San Francisco and Los Angeles direct every Thursday at 8 P. M. Ticket office 132 Third St., near Alder. Both phones, M. 1314. H. Young, Agent. BAN FRANCISCO PORTLAND B. B. CO. ONLY direct passenger vessels. Only ocean steamers affording daylight trip down Columbia River. From Alnirworth Dock, Portland. 9 A.' M. : S. S. Costa Rica, May 21. 31. June 10, etc. b. 8. Columbia May 26, June IS, Iff, etc. From Spear St., San Francisco, 11 A. M. : S. S. Columbia May 21. SI. June lo, etc.; S. S. Costa Rica. May 20, June S. 16, etc. JAB. H. DSWSOK, Asent. Phone Main 868. 24S Washington st. Columbia River Scenery XkaoULAlUU LUkK SlKsMKIti Dally service between Portland and TA Dallas, except Sunday, leaving Portland at 7 A. U.. arriving about 0 P -M., carrying frelsht and paaaensera. Splendid accommo dations tor outfits and livestock. Dock toot of Alder aL. Portland; foot ot Court St., The Dalle. Phone Mala 914, Portland. STR. CHAS. R. SPENCER Washington-street Dock. Daily, except Sunday, (or The Dalles and way landings, tt I A M., returning 1ft p. If. Fut time, best service. i' hones Alain, Home, A. 1L. U, WILDE Home Stock. x Portland, Oregon. TRAVELERS' GUIDE. Alaska 1907 EXCURSIONS 5 TRIPS S. 8. Spokane, June 14. 2E; July 12, 26; Aug. S. : , Queen, July IS. NOME nOCTG. S. S. Senator ,'june 1 8. & President June 4 S. E. ALASKA ROUTE. Skag-vray, Sitka, Juneau and way porta. Sailing; 9 P. M. H. S. S. Co.'g Humboldt May 2. 1. 23 Cottage City, via Sitka May 6, 19, SI City of Seattle. May 8. 18, 28 SAN FRANCISCO ROUTE. 1 Sailing: IA.lt From Seattle. City of Puebla I May 6.20 Senator May 10, It Umatilla. May 15, SO City Ofrice, 249 Washington St. IU1 rf; ii i itiii iui i inrni n . . !l"!l. 1. i . . I. 4 - - X j iiiiiliyilJilila'.!! i i!9ni;imu!niiimmiiiipi!i i!Snfili!!!Sii!:i::i!ii:.ii THE OWL The Swell Night Train. to "Vancouver, B. C, and intermedial points, carries standard sleppers Seat tle to Vancouver and Seattle to Bel lingham. Leave Seattle Union Depot 11:30 P. M. daily; sleepers ready tor occupancy 9:30 P. M. ; passengers re main undisturbed until 7 A. M. Con necting trains leave Portland at 2 P. M. and 4:30 P. M. dally. Two other good trains for Kyerett, Belllngham, New Westminster and Vancouver leave Portland Union Depot daily, 8:30 A. M. and ll:4o P. M. For tickets and sleep er reservations call or address f f. Uickson, C. P. & T. A., 122 Third St., Portland. Or. Telephones Pac. States Main 6S0; Home A 2286. forth (Jerman loyd. FAST EXPRESS SERVICE. PLYMOUTH CHERBOURG BREMEN. Kronprlnz.My21. 10AM Kaiser. July 2, 10 A M Kaiser, June , 10AMI K.Wm.II. Jalys.6 A M K.Vm.II..Junll,6 AMiKronprlns. July 16, 8AM ironprlnz.JunlS. lrtAMIKalsr-r. Julv SO, 10 AM TWIN-SCREW PASSENGER SERVICE. -"LYMOUTH CHERBOURG BREMEN. 10AM Rhetn May lrtl'Maln June 6 Frledrich May lSIRarbarosrta June 8 r. Alice May KliKurufurest ....June 13 Bremen May 2o, Frledrlch .....June 20 Bremen direct. MEDITERRANEAN SERVICE. GIBRALTAR NAPLES GENOA, AT 11 A.M. K. Albert. May IS K. Albert. .... .June 29 P. Irene June 1! P. Irene July 13 Neckar June SI'Neckar July 20 K. Lulse June lb,K. Lulse July 27 f Omits Genoa. From Bremen Piers, 3d & 4th Pts., Hoboken. North German Lloyd Travelers Chocks Good All Over the World. OELRTCHH CO., No. 5 Broadway, N. Y. ROBERT CAI'PELLE, O. A. P. C, 1M Vaa Ness Ave., baa Francisco, Cal. Ho! For Astoria FAST STEAMER TELEGRAPH Round trips daily (except Thursdays) 7 A. M. Landing, Alder-Street Dock. Phorre Main 565. SCANDINAVIAN-AMERICA!? IINE ltJMO Ton TwIn-Serew Passenger Steamers Norway, Sweden and Denmark Balling from New Tork at noon. Oscar II May 8C. F. Tletgen.Juna 18 Helllg Ulav...May 2iOscar II June 20 United States.. June 6;Helllg Oiav....July 4 United States, July 18. 8aloon. 70 and upward; second cabin, $56. A. J. JOH.NSOK CO. 1 liroadway. N. a". 100 Washington Ave. So. Mpla., Minn. WILLAMETTE RIVER ROUTE For corvallla, Albany, Independence. 8a Ism 8teamsr "POMONA" leaves :4S A, aC, Tuesday, Thursday and Saturday. For Salem and -fray landings ataamsa -OREGON A" leaves :45 A. St., Mondays, Wednesdays and Fridays. UtUkOOA CITY IK ASPORTATION CO. feel Xaylec Street,