Morning Oregonian., June 13, 1907, Page 17, Image 17

THE MORNING OREGOXIAN. THURSDAY, JUNE 13, 1907- IT
HOP HOLDERS FIRM
Mot Ready Sellers at Current
Prices.
ORDERS HARD TO FILL
Remarkable Growth of a California
Yard Crop Generally Backward
the . World Over Produce
Markets Are QuieU ' '
The most noticeable characteristic of the
nop market at the present time la the firm
ness shown by holders. This is the result
largely of the active buying that has been
going on recently. Influenced by the crop
news received from different parts of the
world. A ejood many dealers are supplied
-with orders, but because of the stiffness of
the growers. It Is exceedingly difficult for
them to do business.
An Interesting exhibit was made at the
office of Klaber, Wolf & Netter yesterday.
It consisted of a sample of the hop growth
v California, containing arms and burrs
already formed. The vln showed a prog
ress fully a month earlier than usual. The
sampte was sent from the San Francisc
office of the firm. The California crop, as
a whole, however. Is backward, as it is In
the East and Europe. Tha plant is also
behind time in this state, but where the
vine is healthy the time lost will be re
gained If the weather continues favorable.
The recent rain storm is eald by growers
to have been of much benefit. While reports
from the state at large are contradictory,
most of the dealers are inclined to believe
that the crop will be larger than some
time ago estimated.
A special dispatch from McMlnnville says
of conditions in that section:
The old hopyards in and about here pre
sent an exceedingly poor showing. Some are
not cultivated at all and some have re
ceived some cultivation while other growers
who were more hopeful of a better price
cultivated and as a reward they have a
"half stand or the yard is very spotted. Old
yards that last year produced 1200 and 1500
pounds this year will not bring down more
than half an average yield. There are none
' of the old yards that show up under good
cultivation.
While the two and three-year-old yards
Will produce a satisfactory crop In most
rases, there are some that are not up to
standard. Many of the old hopgrowers are
much discouraged on account of the poor
Showing of the yards and the present prices,
the price being much lower than cost of
production. Last night! wind storm played
havoc with many yards The ends of vines
and arms were whipped off. The damage
done the yards at present cannot be esti
mated, but Is causing much alarm among
the hopmen. In most yards the wind broke
the vines off at the wire.
Holders of hops are now determined to
e the game out to the end as there is
not much to lose and all to gain. Offers for
old hops of 8c and contracts at 11c have
been made, with no takers.
E(iC8 PEL LING AT ONE PRICE.
No Quotations Vnder 20 Cent Except by
Those Who Have No Stocks to Offer.
Twenty cents was the ruling price In the
Kg market all along the line yesterday.
One or two dealers quoted less, but they
had nothing to offer. The demand was
generally strong and stocks were light. It
is probable there will be no more low egg
prices this season.
Poultry receipts were unusually liberal,
hut the city demand was good and there
w ere also fair shipping orders, which held
pricey steady. If arrivals continue as large
today and tomorrow, prices on some lines,
Npeclally young chickens, may decline.
Broilers are no longer wanted.
There were no new features in the cream
ery butter market. Country store butter ad
vanced on a better inquiry.
Poor Dfmand for Summer Fruits.
The fruit market was again dull yes
terday, because of the sXormy weather
which checked the sale of Summer fruits.
The best demand was for oranges and
bananas. Strawberries were very scarce and
sold at tha previous day's prices, $1.50 to
$2 per crate Apricots were quoted at the
wide range of $1.251.75 owing to the dif
ference In quality. Peaches were lower at
11-401.50, and plums were steady at $1.73.
Old rotators Are Firm.'
The local potato market Is very firm In
sympathy with the advances in other Coast
markets. Stocks remaining In the state are
very light and the holders are confident of
realizing still better prices before the new
crtp comes on.
Ten-Cfnt Contracts In Washington.
TAOOMA, Wash., June 12. (Special.)
McNeff Bros., of Puyallup, have contracted
for the hone of Lewis Gouter and Anderson
llley, of AJderton, at 10 cents. This la
roneldered a good price.
v .
Bank Clearings.
Rank clearings of the leading cities' of the
Northwest yesterday were:
Clearinps. Balances.
Portland ...$t,rt.V,o:5 $143.4143
H'M'.Ue H J,0St.HH 4iO,iS5
Taoma ... . h,V '29 75, 710
Spokane l.litxi.Jvil tN.tiLD
PORTLAND QUOTATIONS.
Grain, Flour, Feed, Etc
MILLSTUFF8 Bran, city $17, country
$1S per ton; middlings, $U4.&0($2d.M; shorts,
city $1!, country $'u per ton; U. S. Wills
dairy hop, $13.50 per ton
WHEAT Club, 8iic; bluest em, SSS S0l:
ValUy. bUc; red, 84.:. r
OATS No. 1 white, $2Sj?29; gray, nom
inal. FLOUR Patent, $4.80; straight, $4.25;
Clears. $4.5; Valley, $4.304.40; graham
flour. $44.50; whole wheat flour, $4.2djr
4.75.
BARLEY Feed. $2222 50 per ton: brew
ing, nominal: rolled, $-3.:0 24.60.
CEREAL FOODS Kolled oats, cream. 96
pound sacks, $7; lower grades, $5.50 6.5u,
oatmeal, steel-cut, 45-pound sacks. $S per
barrel; 0-pound sacks, $4.25 per bale ; oat
me I (ground), 45-pound sacks, $7.50 per
barrel; 9-pound sacks, $4 per bale: split
peas, per 100 poumJw, $4.250 4.80; pearl bar
ley, $4 itf 4. 50 per 1 uo pounds ; pastry flour,
10-pound sacks. $2.30 per bale.
CORN Whole, $26; cracked. $2T per ton.
HAY Valley timothy. No. 1, $17018 per
ton; Eastern Oregon timothy. $21 23;
clover.- $i; cheat. $D?10; grain hay, $u10;
alfalfa. $13jl4. -
Vegetables, Fruits, Etc.
DOMESTIC FRUITS Strawberries, $1.60
2 irr tvate; cherries, 40cm J 1.05 per box;
apples, $3(U3.30 per box; New California
gooseberries, 5y 6c per pound; cantaloupes,
ipt'ctais, $2.50. cratrs, $lV$H.5u: apricous. $1.25
61.75 ,er orate; poach?, fl.404jl.5o per box;
alums, $1 75 per box.
TROPICAL FRUITS Lemons. $4.5006 TO
bx; oraajes, navels, $2.r0 ij 3.50, sweets,
i:l 253.50. Valencia $3.5ov 4; grape-fruit.
$2.503.50; bananas, 5c per pound, crated
5Wc
ROOT VFuETAFLES Turnips. $3 per
lack; carrots. $2.50 per sack: beets,
$2 r0 per sack; garlic, 8c per pound.
FKEhH V EG ETA H LBS Artichokes. 500
MVi Pt dozn; asparagus. lOe per pound;
beans. 12 at 15 per pound; cabbage. 20
per pound; corn, 3Hi40c P"r dozen;
cucumbers, 75c per doxen; lettuce. head,
I5c per, dosen: letture. hothouse, $1.60
per box; onions, 15ti20c per dozen;
parsley. 20c per dosen; peas. 2?gOa
per pound: peppers, bell, 4c per pound;
radishes. 20c per doxen; rhubarb. 3Wc per
pound; cplnach. Or per pound; squash. 50c$
$L per box; tomatoes, $3.00 4 4 per crate.
ONION'S Texas, $2-25 it crate; new
California. Huiic per pound
DRIED F 31 ITS Apples. 8!4o pound;
apricots. IBalftc; peaches. 11 13c; pears,
11M cflec; Italian prunes, 2Vttc: Califor
nia ngs, white. In sacks, R&uc per pound;
Mack. 4H5c; brlcas. 7 6c Wt 2 25 per box.;
Smyrna, 1S4 &20e pouua. am. Persian,
HtfTc pound.
fOTATOttS Jobbing prices Oregon and.
Eastern, $2.25 per sack; new potatoes,
4 (a 5c pound.
Batter, Eggs Poultry, Etc
BUTTER City creameries: Extra cream
ery. 25c per pound; State creameries:
Fancy, creamery, 22a25c; store butter, IS
11k:
CHEESE! Oregon full cream twins, 154 4
16c; Young America. lfiSlTc per pound.
POULT R 1" Average oia bene. 14c;
mixed chickens. 13c; Spring fryers and
broilers, 17 rc; old roosters. 10c.
dressed chickens, 1617c: turkeys, live, 10
1 2c ; turkeys, dresaed. choice. nominal ;
geese, live, per pound, 8c; young ducks, 15
16c; old ducks, 13c; pigeons, $ll-50;
squabs. $23.
EGGS 18fc20c per dozen. ,
Dreesea Meat.
VEAL Dreesed, 75&125 pounds, 8c;
125100 pounds, 7c; LUtf200 pounds. 6c;
200 pounds and up. 5&ttc
BEEF Drefsed bulls. 4$41c per pound;
cows. 617c , country steers, 7&8c.
MUTTON Dressed, fancy. c per pound: or
dinary. 8&8Wc; Spring lambs, lO&lUfec.
PORK Dressed, 1O0&130 pounds, 84 O
0c; 150200 pounds, IQVAc; 200 pounds
and up, 6&6hc
Groceries, Nats. Eta.
RICE Imperial Japan No- 1, 5c; South
ern Japan, 5 40c; head. 7c.
COFFEE Moeha, 242tw ; Java, ordinary.
17j20c; Costa Rica, fancy, lScf20c; good, 16
lhc; ordinary. 12 if 16c per pound. Columbia
roast, cases, KK)s, $14.50; 50s. $14.75; Arbuck
le. !0.'j; Lion. $15.75.
SALMON Columbia River, 1-poundr tails,
$1.75 per do.; 2-pound talis, $2.40; 1-pound
flats, $1.10; Alaska, pink, 1-pound tails. 95c:
red, 1-pound tails, $1.25; sockeyes. 1 -pound
talis, $1.70.
SUGAR Back basis, 100 pounds, cube,
$6.u23; powdered, to.t2A; granulated, $6.77;
extra C, $5.27; golden C, $5.17; fruit sugar.
$5.77!: berry. $5.77; XXX, $5.67. Ad
vance sales over sack basis as follows: Barrels,
10c; y barrels, 25c; boxes, 50c per 100 pound.
Terms: On remittances within 16 days deduct
yc per pound; If later than 15 day and within
3j days, deduct c; beet sugar. $5.67 per
loO pounds; maple sugar, 156lbc per pound.
NUTS Walnuts, ltlfeS20c P pound by
sack. Brazil nuts, 19c; Alberts, 16c; pecani,
jumbos. 23c; extra targe, 21c; almonds, 18iJ
20c; chestnuts, Ohio, 17c; Italian, 14015c;
peanuts, raw, 6 j 8 c per pound ; roasted,
10c; plnenuta, lo12c; hickory nuts. 10c;
couoanuts, 3500c per dozen.
SALT Granulated. $14 per ton; $2 per bale;
half ground, loos. $10.60 per ton; &usv $11
per ton.
BEANS Small white, 3c; large white, 8c;
pink, 3c; bayou, 8c; Lima, 5c; Mexicans,
red. 4c.
HONEY Fancy. $3.2533.50 per box.
Hops,. Wool, Hides, Etc.
HOPS 6$8c per pound, according to qual
ity. VO)l Eastern Oregon average best, 18
622c per pound, according to shrinkage; Val
ley, 20(3'2c, according to fineness.
MOHAIR Choice, 2litf30c per pound. -
CASCARA BARK Old, 65c per pound.
HIDES Dry, No. 1, 16 pounds and up, 1S
per pound; dry kip. No. 1, 5 to 5 pounds, 19
tf 16c per pound; dry cali. No. 1, under S
pounds, 20c; dry salted: Bulls and stags, one
third leas than dry flint; culls, moth-eaten,
badly cut, scored, murrain, halr-sllpped,
weather-beaten or grubby, 2c to 3c per pound
lees; salted steers, sound, 60 pounds and over,
8c pound; steers, sound, 60 to 60 pounds, bt&OQ
pound; steers, sound, under 50 pounds, and
cows, 8 tic pound; stags and bulls, sound, 6
t?6c pound; kip, sound, IS to 30 pounds, 80c
pound; veal, sound, under 10 pounds, 11c;
calf, sound, under 10 pounds, ll'12c pound;
green (unaalted), lc pound less; culls, lc pound
less; sheepskins, shearings, No. 1 butchers'
stock, 25'u-3uc each; short wool. No. 1 butch
ers' stock, 5060c each: medium wool. No. 1
butchers' stock, $1.25&1.60 each; murrain pelts,
from 10 to 20 per cent less, or 13140 pound;
horse hides, ealted, according to size, S2&2.50
each; bides, dry, according to size $1 41.50
each; colts' hides, 25(3 5oc each; goatskins,
common, lov25c each; goatskins. Angora, with
wool on, 30c 5j$ 1.50 each.
FURS Bearskins, as to sire. No. 1, $59
20 each; cubs, $163 each; badger, prime, 25
tiSOo each; cat, wild, with head perfect, 30
5oc; cat, house, 6 20c; fox. common gray,
large prime, B)70c each ; red, $&5 each ;
cross, $5fl5 each; silver and black. $100
&X each; Ushers, $5&8 each; lynx, $4.506
each; .mink, strictly No. 1, according to size,
$lt&3 each; marten, dark northern, according
to size and cvlor. $1015 each; pale, pine,
according to sixe and color, $2.5o54 each;
muskrat, large, 1215c each; skunk, 30i&40a
each; civet or polecat, 515c each; otter, for
large, prime skin, Srt'S'lO each; panther, wjth
head and claws perfect, $2&5 each; raccoon,
for prime. Marge, D0S75c each; wolf, mountain,
with head perfect, $3.505 each; prairie (coy
ote). 60c4j$l eacb; wolverine. $68 each.
Provisions and Canned Meats.
BACON Fancy breakfast. 22c pound; stand
ard breakfast, 19c; choice, 18c; English,
11 to 14 pounds, ltic; peach, 15 c
HAMS 10 to 11 pounds, 164 c pound; 14
to 16 pounds, 15c; 18 to 20 pounds. 15c;
eicnlcs, 12c; cottage, 12c; shoulders, 12c:
oiled. 25 m
BARRELED GOODS Pork, barrels, $20;
half-Uarreia. $11; beef, barrels, $10; half
barrels, $5.50.
SAUSAGE; Bologna, long, 8c; links, 7e,
DRY SALT CURED Regular snort clears,
dry salt, 12o: smoked, 13c; clear backs, dry
salt, 12c; smoked, 13c; clear bellies, 14 to 17
pounds average, dry salt, none; smoked, none;
Oregon exports, dry salt, 12c; smoked, 13c.
LARD Kettle rendered: Tierces, 12c;
tubs, 12Vc; BOs, 12c; 20s, 12c; 10s, 12ie;
6s, 13 c; Standard pure: Tierces. 11 Wc;
tubs, llc; 60s. llc; 20s. llc; 10s, 12c;
6s, 12c. Compound: Tierces, ttc; tubs. 9C0:
60s, l4c; 10s, 9c; 5s. 9c.
QUOTATIONS AT SAN FRANCISCO.
Price Paid for Products in the Bay City
Markets.
PAN FRANCISCO, June 12. The following
prices were quotea in tne produce market
yesterday:
FRUIT Apples, choice, $1, common 50c;
bananas, 41&3.50; Mexican limes. $4; Cali
fornia lemons, choice, $5; common, $1.50;
oranges, navel, $13.50; pineapples, $2.503.
VEGETABLES Cucumbers, $11.75;
garlic, 34c; green peas, 3c; string beans,
Sji4o; asparagus, 412c; tomatoes. $1.504.
EGGS Store, 1719c; fancy ranch, 20c
POTATOES Sweets, $44.60; Oregon
seed, Burbanks, $1.651.75; Eastern, $2S
2-15; new, 2c; Oregon Burbanks, $22.65.
ONIONS Australian, $3.253.50; Bermuda,
$2f2.25; young. $2,15S2.25.
BUTTER Fancy creamery, 25o; creamery
seconds. 23c; fancy dairy. 24c; dairy sec
onds, 22c; pickled, 224i22c.
WOOL Fall, Humboldt and Mendocino.
13y 1 4c ; Nevada, 15o 18c; South Plains and
San Joaquin, 63Sc; lambs, 710c; eprlng,
Humboldt and Mendocino, 21 23c; Eastern
Oregon, 2023c.
HOPS California, 6- 10c; contracts, 109
lie.
CHEESE Young America, 14Hc;
Eaetern, Ic.
HAY "Wheat, $1824c; wheat and oats,
$14&21; alfalfa, $1112.50; stock. $S&9;
straw, S0g&0c.
MILLSTUFFS Bran, $2022; middlings,
$27(630.
PO V LTRT Roosters, old. $4 ; young, $7
$0; broilers, small, $2-252.50; large, $34:
frers. $57; hens, $4.507.50; ducks, old,
$4ig6; young, $53.
FLOUR California family extras, $4.85
6 30; bakers' extras, $4.60-6 4. 80; Oregon and
Waphington. "$3.754.50.
RECEIPTS Flour, 5734 quarter sacks;
wheat, 5640 centals; barley, 9365 centals;
oats, TOO centals; beans, 160 sacks; corn, 75
centals ; potatoes, 1 200 sacks ; bran, 2245
sacks; middlings, 95 sacks; hay, 515 tons;
wool, 42 bales; hides. 1726.
Metal Markets.
NEW YORK June 12 The London tin
market was Irregular, with spot closing
higher at 185 10s and futures at 180 10s.
Locally the market was steady and about
ten points higher on the average, with spot
quoted at 41.7542.23c. "
Copper was lower In the English market,
with spot closing at 06 5s, a decline of 1,
while futures were 15s 6d lower at 93 5s.
Locally the market was dull and nominal,
with Lake quoted at 24 24. 50c; electrolytic,
22.7523.25c; casting, 21.7522.23c.
Lead was unchanged at 5.75 5. 85c In the
local market, but advanced 2s 6d to 20
7s Od lu London.
Spelter was unchanged at 24 7 6d in
London and at 6.40S6-5Oc locally.
Iron was lower in the English market,
with standard foundry Quoted at 57s 6d and
Cleveland warrants at 57s 0d- Locally the
market was unchanged.
Pried Fruit at New York.
NEW YORK. June 12- Evaporated ap
ples steady on spot; futures slightly easier;
fancy, 85 84c; prime, 6c; poor to fair,
5 dii 6c.
Prunes are less active, prices firm; Cali
fornia, 4 3 12 He; Oregon, 6 lOc.
Apricots, quiet ; choice, 18 19c; extra
choice. 19tf2uc; fancy, 20 iff 21c-
Peaches, Arm; choice. llc; extra choice.
Raisins. Arm; loose muscatels, 8Q 10c;
seeaea raisins, iwiic; jjonaon layei
Dairy Produce la the aat
CHICAGO. June 12. On the Reduce Ex
change today the butter market was firm.
Creameries. 1923c; dairies. WTi21c.
Eggs Steady at mark, cfjy&s included, 13H
14c; flnsts. 13c; prime fljts, 14c.
Cheese Steady, 12b1Rc.
NEW TORR Jtrtfe 12. Butter and
Unchanged.
Damascus creamery butter fat f. o. a
rifutuiu, A
WOOLAT 00 PRICE
Two Million Pounds Disposed
of at Shaniko.
GROWERS ARE SATISFIED
Bids Range From 17 l- to 21 1-8
Cents Baldwin Clip Taken by
Botany Worsted Mills at
v 20 3-4 Cents.
SHANIKO. Or., Jun, 11. (Spell.) At th
sealed bid wool sale, here -yesterday and to
day about 2,000,000 pounds were disposed of
at price, varying from 1TH to 21tt cents.
These prices were satisfactory to the growers,
although slightly lower than last year. Seven
teen buyers representing Eastern dealers and
manufacturers participated in the bidding-, in
dicating active competition for the desirable
lots offered. Although price, were somewhat
lower than last year, yet in the case of the
Ewen McLennan clip of 100,000 pounds, which
was in choice condition, the price was prac
tically the same as last season.
Ths principal purchases at the first day's
sale were as follows: William BUery, for
HaUowell Jones Donald, of Boston. 271,000
pounds; F. L. Orcutt, for a Boston dealer,
218.000 pounds: E. W. Brlgham, for Farns
worth, Thayer Stevenson, of Boston, 125.000
pounds; S. F. Frankenstein, for Hecht, Lieb
man 4 Co., of Boston, 119.000 pounds; Thomas
Ross, of Portland, for a Boston dealer, 112,000
pounds: Charles Green, for Koshland & Co.
and Jeremiah Williams, of Boston. SS.OOO
pounds: J. M. Russell, for The Dalles Scour
ing Mills, 76.000 pounds; B. T. Judd, for the
Pendleton Scouring Mills, 36,000 pounds; J.
Patterson, for Cavery & Co., of Boston, 21.
000 pounds, and J. P. Dufur, for the Lafayette
Worsted Mills, of Woonsocket, R. L, 24.000
pounds. Otto Kuhn, of the Botany Worsted
Mills, and M. Craig, of E. Shlllard Smith, of
Philadelphia, were in attendance at the sales,
but made no purchases.
Among ths largfwt clips sold were: Charles
Hilton, 70,000 pounds at 19c; Thomas Bro
gan. 70.000 pounds at 19c; H. Wakerlig, 30,
000 pounds at 20c: Farquhar McRae, 60,000
pounds at 19c; Frank Gable, 60.000 pounds at
20c; Ewen McLennan, 100.000 pounds at
21 He, which was the top price at today's
sales; C. A. Buckley, 37.000 pounds at lBVic:
Cartwrlght'ft Kitchlng, 50,000 pounds at 184c;
Maxwell. 20,000 pounds at 2014 c
At today's sales about 1,000,000 pounds were
offered and sold at prices ranging from 17
to 20 cents. The competition today on the
various lota was as acute as It was yester
day and prices ranged fully as high. The pur
chasers were Botany Worsted Mills. New
Jersey, 850,000 pounds: F. Orcutt. 100,000
pounds; E. W. Brlgham, for Farnsworth,
Thayer & Stevenson, 100,000 pounds; J. Pat
terson, for Caverley & Co., Boston, 85,000
pounds: Charles Green, for Koshland & Co.
and Jeremiah Williams, 95,000 pounds: William
Ellery, for Ballowell, Jones & Donald, 60,000
pounds; J. M. Russell, for The Dalles Scour
ing Mills, 50,000 pounds; Lafayette Worsted
Mills, K. I., 25.000 pounds: E. Y. Judd. for
Pendleton Scouring Mills, 20,000 pounds; S. F.
Frankenstein, for Hecht, Leebmann & Co.,
10,000 pounds.
The largest sellers were: Baldwin Sheep &
Land Company, 220.000 pounds at 20c; R. R.
Hlnton. 90.000 pounds at 20Hc; "K. F. McRae,
75.000 pounds at lOTsc; Morrow & Keenan,
60,000 pounds at 18c; W. R. Mosell, 60,000
pounds at 20c: T. A. Connolly. 50.000 pounds
at 19c: Durbin & Son. 40.000 pounds at
20?(,c; Reeder & Fisher, 60,000 pounds at 20c.
Otto Kahn, of the Botany Worsted Mills,
bought the famous Baldwin clip at 2flc.
That the prices paid give general satisfac
tion is evident by the fact that not a single'
lot was withdrawn and all lots that were
anywhere near complete were offered.
The next sales for this point will be on
June- 26, when It is anticipated about 1,500,000
pounds of wool from the Upper John Day and
Prlnevlll, ranges will be complete and ready
for sale.
PRICE DRIFT
SHIFTING SENTIMENT IN NEW
YORK STOCK MARKET.
Long Periods In the Session When
Trading. Is Stagnant No
Gold Exported.
NEW YORK, June 12. The . constant
changes in tha course of prices today seemed
to represent nothing more than the shifting
sentiment of the room traders, who had
ths day's transactions to themselves. There
were some individual points of strength and
soma of weakness, and these had varying
sympathetic effect on the list as a whole.
The general drift, however, was very nar
row, and operations outside a half dosen
stocks were very scanty. There were long
periods, in fact, when tha market was prac
tically stagnant.
With the subsidence of ths Japanese war
scare, the bears were inclined to fall back
on inferential deductions from the diffi
culties of a great firm of building contrac
tors announced yesterday A minor failure
announced this morning, affecting building
operations, gave point to tha expected anx
iety over a possible condition of over-extension
which might bring similar embarrass
ments from difficulty of obtaining working
capital in other fields.
Tha supposition that there might be a
resumption of gold exports was not fulfilled
today, although conditions in the foreign
exchange market were slightly more favor
able to the operation than they were on
Monday. Discounts were rather easier at
Paris, as they were also at Berlin, and
the money market here was appreciably
firmer.
Ths rate for call money advanced slightly,
tfnd funds were scarce in the time-loan
division of tha money market.
News from the wheat crop was consid
ered encouraging, and helped to sustain tha
grangers. decline in the London price
of copper was a factor in the market. The
indecisive tons was unchanged throughout,
as shown by the small mixed net changes.
Bonds were irregular. Japanese 4s and
4s declined a fraction further. Total sales,
par value. JU8U.OO0. United States bonds
were unchanged on call.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. Bid.
Adams' Express 2U5
Amai. Copper 36.300 8 8314 84
Am. Car & Foun. 2.100 & 40 40
do nreferred 100 1 971 97 1
Am. Cotton Oil ..
do preferred
American Express.
Am. Hd. & Lt. pf.
American Ice .... x00 71 68
Am. Llnseea uu. .
dd nreferred . . . .
Am. Locomotive 1,800 "SH4 66
do preferred J 103
Am. Smelt. &.tt. 18,800 117 116 116
do pref errecr . ... . . KiS
Am. SufraryVUf 120
Am. Toba.-O ctfa. 9214
Anacond?' Mln. Co. 2,800
AtchlsV.
4,700
doV?referred . . .
A US Coast Line..
lit. & Ohio
An nreferred . . .
1,200 84 93
Brook. Rap. TTan. 2.700
6414 5314
Canadian facinc
Central of N. J...
Chea. & Ohio
Chi. Gt. Western..
Chicago ft N. W..
C. M. & St. P
Chi. Ter. & Tran.
do preferred .
C. C, C. & St. L.
Colo. Fuel & Iron
Colo, s: Southern..
do 1st preferred.
do 2d preferred..
Consolidated Gas..
Corn Products . . .;
6,800 170 167
84
141 142
4.400 127 126 128
5
15
65
29
23
00
600
80
23
29 .
23
44
its
16
72
500 119
100 16
117 .
16
AO nreferred ....
166- 166 I
Del. ft Hudson SCO 16S
Del.. Lack. & Wes.
D. it R. Grande.. 200
251, 2514
24
do nreferred .... . . . .
70
63t4
22-4
661,
Distillers' SecurL. 800
63
63
22
Erie 1.900
do 1st preferred. ......
do 2d Dreferred.. ......
36
14014
80
1364 135K 13514
General Electric.
Hockinc "Valley
Illinois Central 200
Int. Paper ....... ......
13 i
do nreferred .... ......
..... ..... TZ4
22
68
17
s
24s
69s
111 111 111
20 20 20
43
Int. Pump ....... ......
do preferred
Iowa Central ... ......
do nreferred .
K. C Southern.. .
do preferred ....
Louis. & Nash.... 600
Mexican Central... 5u0
Minn. & St. L.... ......
M..St. P. & S.S. M
102
75
75
32'4
14
48
112
SShi
73 Vi
6S
23
120
9014
G8
90H
S
ISO
103
80
80
25
tan
2014
4l
82 y,
20
4
7i
111
19
60
140
26
49
134
85
98
59
36
9914
S314
97
25
103
13
2314
270
14214
80
11
IB 14
12414
23
90
65
127
1614
46
do Dreferred 400
7554 741
'33"" 'J2V4
Missouri Pacific
Mo.. Kan. & Tex. 2.800
do preferred
National Lead
Mex, Nat. Ry. pf. ,.
N. Y. Central 400
N.Y.. Ont. & Wes. 300
112H 111
86 36
Norfolk & West. t
North American...
Pacific Mall 100
Pennsylvania .. 19.500
People's Gas ...... 1,100
P.. C. C. & St. L.
Pressed Steel - Car. 800
do preferred
Pullman Pal. Car
Reading 93,400
do let preferred.
do 2d preferred..
Republic Steel ... 300
do preferred . .
Rock Island Co., 3.500
do preferred .... S,2-K)
St.L. 4 S. F. 2 pf. 4O0
St. L. Southwest.
do preferred ....
Southern Pacific... 9.1O0
do preferred . 3O0
Southern Railway. . 6o0
do preferred
Tenn. Coal & Iron ......
lexas A Pacific -
Tol., St.L 6c Wes.
Union Pacific 106.600
do preferred
U. S. Express ... ...
IT. S. Realty
V. S. Rubber
do preferred
U. S. Steel 23,000
do preferred .... 4.100
Va---aro. Chem... ......
do preferred ....
Wabash 200
do preferred .... 300
Wells-Fargo Ex
Westlnghouse Elec
Western Union ... 1.9GO
Wheel. & L. Erie
Wisconsin Central
do preferred
234 2314
I2014 119-lj
0T4 9
'96 "8""
104 102
25
"2614
4314
82
20
42
82
"7514
111
18
7H
113
10
134 133
33
06l
33 it
i?2
9
23"
13
23
8014 80
Northern Paelflc. ,
Central Leather..
8C0 12514 124
do preferred
Sloes-Sheffield
Gt. Northern pf... 6,800
Int. Metal 100
do preferred 2tK
127T4 126
17 .17
4614 46
Total sales for the day, 404,000 shares.
BONDS.
NEW YORK, June 12 Closing quota
tions:
U S. ref. 2s reg.l0414!N. Y. C- O. S!4s 92t
do coupon. .. .104 INorth. Pac. 3s.. 70
U. S. 3s reg 102 INorth Pac 4s.. 100
do coupon. .. .102 South. Pac. 4s.. 78
U. S. new 4s reg.l28TtlUnion Pac 4s.. 101
do coupon. ... 128 'Wis. Cent. 4s... 8514
U. S. old 4s reg.l00Uap. 6s 2d ser. . 98
do coupon 100!Jap. 4s ctf.... 91
Atchison adj. 4s 9014!
Money, Excnange, Etc.
NEW YORK, June 12. Prims mercantile
paper. 5514c
Sterling exchange. Steady, with actual busi
ness' In bankers' bills at J4.STiSr4.8706 for de
mand and at 4.83704.8375 for 60-day bills.
Posted rates. . 4.84 and S4.88. Commercial
bills. S4.8314.
Bar silver, 66c. '
Mexican dollars, 61 e.
Government bonds, steady; railroad bonds,
irregular.
Money on call, steady, 2 per cent; ruling
rate. 214 per cent; closing bid, 2 per cent; of
fered at 2 per cent. Time loans, stronger;
60 days, 24 per cent; 90 days, 4 per cent;
six months, 46 per cent.
LONDON, June 12. Bar silver, steady,
30 13-16d per ounce.
Money. 3S3 per cent.
'lhe rate of discount In the open market for
short bills Is 3 9-163 per cent; for three
months' bills, 3 per cent.
SAN FRANCISCO, June 12. Silver bars,
667i,c.
Mexican dollars, 62c
Drafts Sight, par; telegraph, 2!c
Sterling, u days, 14.84; sight, f4.87.
; PORTLAND STOCK EXCHANGE,
Associated Oil and Tacoma steed Lower,
But Standard Consolidated Advances.
Associated OH dropped to 83 on the local
exchange yesterday. Tacoma Steel was off
one point at 11, but Standard Consolidated at
9, showed a gain of a point.
Official prices were as follows:
Bank 8tocks Bid. Asked.
Sank of California 330 840
Bankers' & Lumbermen's..... 104 ' 112
Merchants' National 180
Oregon Trust & Savings 160
Portland Trust Company.. 120
United States National 200 ...
LISTED SECURITIES.
Bonds
American Biscuit Co. 6s 98 100
City & Suburban 4s -13
Home Telephone 5s ... 80
O. R. & N. Ry. 4s 96 99
O. W. P. & Ry. 6s 100 103
Pacific Coast Biscuit 6s 97 100
Portland Railway 5s......... ... U9
Miscellaneous Stocks
Associated Oil 82 84
Home Telephone 38 42
Pacific Tel. & Tel. (pfd.) 75 5
Pacific Tel. & TeL (com.).... 7 15
Puget Sound Telephone. .. .... ... 40
Mining Stocks
Lakeview ... 15
Manhattan Crown Point 20 22
Poticle Mining 19 21
Washougal Extension 25 26
UNLISTED STOCKS.
Yaqulna Bay Telephone 6 8
Oregon City Mill & Lumber... ... 4
Alaska Petroleum 15 25
British Columbia Amal 01 03
Cascadia 20 27
Mammoth 07 11
Morning 03 05
Standard Consolidated 04 10
Tacoma Steel 10 13
Coeur d'Alene District
Bullion 08 09
Copper King 09 10
Happy Day 04 OS
O. K. Consolidated 04 05
Snowshoe 40 47
Snowstorm 2.89 2.92
SALES.
10 Associated Oil 33
1000 Standard Consolidated 09
3000 Tacoma Steel 11
Eastern Mining Stocks.
BOSTON, June 12. Closing quotations:
Adventure . .S 2-50 (Parrot f 19.00
Ailouei 44.00
Vjumcy
14.0O
Amaieamatd 84.00
Atlantic 11.00 '
Bingham ... 15.00
Cal.-& Heo.. 785.00
Centennial . 35.00
Cop. Range.. 77.00
Daly West. . 76 00
Franklin ... 13.37
Granby 120.00
Isle Royale. . 15.50
Mass Mining 43.25
Michigan .. 12.50-
Mohawk . . . 84.00
Mont C ft C 2.50
Shannon .... 17.50
iTamarack .. 103.00
Trinity 19.75
United Cop.. 64 SO
U. 8. Mining 49.0O
U. S. Oil 10.75
Utah
65.75
6.25
700
150.00
80.00
24.50
Victoria . . . :
Winona .....
.Wolverine . .
North Butts.
Butte Coal...
Nevada
13.00
Cal & Ariz. . 153. OO
Arls Com.... 21.00
O. Dominion 45.25
Osceola.
120.00 I
Coffee and eVturar.
NEW YORK, June 12. Coffee futures
closed quiet, net unchanged, to nvs points
lower; sales, 9500 bags. June 6.50c; July,
6.45c; September, 6.30c; December, 6.35c;
March, 5.40c. Spot, quiet; Rio No. 7, 6c;
eantos No 4, 7c Mild, dull; Cordova, 99
12 c
Sugar Raw, quiet; fair refining, 8.31c;
centrifugal. 94 test, 881c: molasses sugar,
8.06c. Refined, quiet; crushed, 85.70; pow
dered, 85.10; granulated. f5.00. ... -
Pendleton People Prosperous.
PENDLETON, Or.. June 12. (Special.)
As an indication of the amount of busi
ness transacted In this city, the 6 per
cent of the cash sales of 100 business
bouses of all kinds, for the two days
preceding the dedication of the new
Methodist Church, which was given to
assist in paying the balance due on that
structure, amounted to VXO. This shows
that cash sales amounting to X1S.000 were
made in this city during lajt Friday and
Saturday. Another Indication of the
prosperity of this section is the fart ibal
during last Sunday, more than 113,000 was
subscribed to finish pay-n? in full for the
erection of the J33.000 513-1-9 church, which
is conceded to be one of the finest edi
fices in Eastern Oregon.
BEAR RAID IN PIT
Wheat Prices Break Sharply
at Chicago.
BIG HOLDERS CLOSE OUT
Selling Induced by Lower Cables and
Fine Weather In This Country
and Europe for the
Growing Crop.
CHICAGO, June 12. The wheat market
was somewhat unsettled at ths opening with
prices ranging from. o below to c above
the closing qoutatlons of yesterday. Pit
traders were moderate sellers because of
lower cables and fins weather in this coun
try and Canada for the growing crop. Shorts
were good tauyors, however, during the first
hour, and this held the market nrm. About
noon the market broke sharply on active
selling by prominent holders who were dis
posed to close out. The market closed with
the bear raid apparently unchecked and
with prices at the lowest point of the day.
September opened c lower to c higher
at 95 9ftc, advanced to 96 c and then
declined to 92 c The close w as at 92
93c July ranged between 82 a and 94c and
closed at ths bottom.
Ths corn market was firm early, but
later ths wheat weakness caused some re
cession. The market closed easy. Oats
were firm early in the day, but eased off la
sympathy with ' wheat. Provisions were
weak.
.Leading futures ranged as follows;
WHEAT.
Open. High. . Low. Close.
July $ .03 ( .94 8 -90 f .90
September ... . .96 .92 .92
December ... .97 .98 .94 .94
CORN.
July 63 .63 .62 .6T
September ... 53 .53 .62 .63
December ... .61 . .51 .50 .61
OATS.
July 43- .43 .41 .42
September ... .36 . -3. .35
May . ... .88 .3&X .37 .38
MESS PORK.
July 16.85 15.8.1 15.60 15. 70
September ...16.02 16.02 15.75 15.77
LARD.
July 8.70 8.70 8.55 8.55
September ... 8.87 8.87 8.72 8.72
SHORT RIBS.
July 8.57 8.57 8.40 8.60
September ... 8.72 8.72 8.55 8.62
Cash quotations were as follows:
Fiour Steady.
Wheat No. 2 Spring, 96cfijl; No. 8, 92c
$1; No. 2 red, 8993c
Corn No. 2. 53c; No. 2 yellow. 83c
Oats No. 2. 41c; No. 2 white, 41045c;
No. 3 white, 42c
Rye 86c.
Barley Fair to choice malting, T275c
Flax seed No. 1 Northwestern, $1.31.
Timothy seed Prime, $4.75.
Clover Contract grades, $15.25.
Short ribs Sides (loose), JS.2:,fjS.50.
Mess pork Per "barrel, $15.6016.70.
Lard Per 100 pounds, $8.47.
Sides Short clear (boxed), $8.7509.
Whisky Basis of high wines, $1.31.
Receipts. Shipments.
Flour, barrels 37,000 30,000
Wheat, bushels 67,000 77,000
Corn, bushels H ........ .1,0K,000 700.000
Oats, bushels 400.000 859,000
Rye, bushels 1.000 1,000
Barley, bushels 13,000 10,000
Grain and Produce at New York.
NEW YORK. June 12. Flour ReceiDts.
13.300 barrels; exports, 4100 barrels. Dull
ana lower for top patents. Minnesota pat.
ents, $55.50.
Wheat Receipts. 101. 9O0 barrels: exports,
207,100 barrels. Spot. weak. No 2 red. 95c
elevator; No. 2 red, 97 c f. o b. afloat; No.
Z Northern Duluth, $1.05 f. o. b. afloat
No. 2 Winter, $1 00 f. o. b. afloat. Opened
easier under unsatisfactory cables, foreign
selling and favorable crop news; rallied on
exports sales of Manitoba wheat; broke
sharply to a new low record, and closed
weak. 22o net lower. July, 98c
$1-02, closed, 98c; September closed
lic; December, $1.01.
Hops Quiet
Hides and wool Steady.
Grain at San Francisco.
SAN FRANCISCO, June 12. ?Wheat
Quiet.
Barley Easy.
Spot quotations: Wheat Shipping, 81459
1.60: milling, $1.551.6S.
Barley Feed, $1.201.21; brewing, $1.2314.
Oats Red. $1.4631.76; white, jl.8O9i.7O;
black, $1.85ff2.25.
Call board sales: Wheat December, $1.55
bid; $1.66 asked.
Barley December, $1.23.
Corn Large yellow, $1.551.7.
European Grain qfarkets.
LONDON, June 12. Cargoes, easier; nomi
nal in absence of transactions. California,
prompt shipment, 86c; Walla Walla, prompt
shipment, 34s 9d.
English, country markets, easy. French
country markets, steady.
LIVERPOOL. June 12. Wheat July, Ss
lldi; September, 7s ld(; December, noml-
Minnea polls wheat Market.
MINNEAPOLIS. June 12. Wheat July,
95c; September, 94 c; No. 1 hard, 98
99c; No. 1 Northern, 9798c; No. 2 North
ern, 95 096 c; No. 3 Northern, 93 94c.
Wheat at Tacoma.
TACOMA. June 12. Wheat One cent lower.
Bluestem. 85c; club, 83c; red, 81c.
PORTLAND IJVKSTOCK MARKET.
Prices Current Locally on Cattle. Sheep and
Hogs.
The following prices were quoted in the
local marke yesterday:
CATTLE Best steers. $4.254.40; medium,
$8.7&4.25; cows. $33.50: fair to medium
cows, $22.60; bulls, $2tf2.60; calves, $4
6.60. t
SHEEP Best, sheared, $4.254.60; Iambs,
$6.756.
KOGS Best, $6.7Se.86; light fats and
feeders, $9.2536.50.
Eastern Livestock Prices.
CHICAGO, June 12. Cattle Receipts,
18,000; market, steady to shade lower.
Beeves, $4.508.70; good to -prime steers,
$4.505.70; poor to medium, $4-505.50;
stockers and feeders, $35.50; cows, $1,459
1.75; heifers. $2.604.40.
Hogs Receipts, 80,000; market, 5c lower.
Mixed, $5.95622; heavy, $5.756.17:
rough. $5.755.95; light, $66.22; pigs,
$5-65 36.15.
Gheep Receipts, 20.000; market, 10 to 15c
lower. Native and Western sheep, $4.10
6.50: yearlings, $6 25 6-90; native and
Western lambs, $6 a 8-
SOUTH OMAHA, June 12. Cattle Re
ceipts, 5500; market, steady to easier. Na
tive steers, $4.506.40; native cows and
heifers. $2.754.85; Western steers, $3.50
6.30; Texas steers. $3.254.oO: Texas cows
and heifers, $2-504.70; canners. $23;
Stockers and feeders, $35; calves, $3,500
S75-. hulls, stars, etc.. $3.2534.83
Sheep Receipts. 6O00; market, slow to
shade lower. Yearlings, $67: wethers, $6
6.60; ewes, 3-zogo.4u; lamDs. Sls.zs.
Hogs Receipts, 15.000; market.' 5 10c
lower. Heavy, $5.956.10; mixed, $3.906;
light. $66.10; pigs, $5.506; bulk of sales.
$5.90tt.
KANSAS CITY, June 12. Cattle Receipts
lO.OOO; mantel, sreaay 10 juc lower, soutn
ern steers, $4560; Southern cows, $2.75
4.00; native steers, $4.756.30: native cows
and heifers. $2.70 5 60; stockers and feed
ers. $3.75'4.90; Western cows, $3.254.60;
Western steers. $4.256.10; bulls. $3,500
B.OOr calves. S47.
Hogs Receipts. . 20.000: market, SglOo
lower. Bulk or sales, $890.12; heavy,
$3.956.05; packers. $8.12; light, $6.05
&6.17i; pigs. 85.75S6.10.
Sheep Receipts. 6000: market. 5 9 10c
lower. Muttons, $5.75 05.7; lambs, $7,509
9-00; range wethsra, 85.257; fed ewea,
$4.26 ft 6.ia , '
American National Bank
SAN D1EQO. CAL
CAPITAL (paid Dp) $130,001 SURPLUS AND UN. PROFITS. $40,003
Officers and Directors: Louis J. Wilde, President; R.
M. Powers, Vice-President; IL E. Mills, Vice-President;
Clias. L. "Williams, Cashier; L. J. Rice, As
sistant Cesshier; E. Strahlman.
Send ll Your Pacific Northwest Items.
SEND US YOUR VISITORS FOR GOOD
TREATMENT
SAN DIEGO,
SILK ltfDUSTRY :'
In Silk Culture California will surely take the
lead, and San Diego, on account of climatic condi
tions, will be the- center of this what is bound to
become great Industry.
HOP CONDITIONS IN EAST
HAXS C. WAH1BERG WRITES OF
CROFS AXD MARKETS.
New York Held May Be Short, but
Brewers Are Indifferent Are
Flooded With Cheap Offers.
NEW YORK. Jons 6. (Te the Editor.)
The hop market here is very
prices remain steady, within the "mits of
last month's quotations, which were from
6 to 9, and in single cases, 10 cents, accord
ing to Quality. ' .
Reports from the state's main hop-produo-ing
sections, Schoharla and Otsego Coun
ties, are not very promising of a good crop,
as the season has been very backward and
about six weeks behind the average. Cold'
and Inclement weather of the last two
months have caused the hop plants to malts
very poor progress, hardly enough above tne
ground by this time to need training, be
sides a considerable number of missing nms
are In evidence. Although much Improve
ment can be made In this discouraging con
dition to the farmers by warm and season
able weather from now on up to picking
time, lt is hardly possible for ths yards to
recover to such an extent as to warrant an
average or good yield, quantitatively. Old
timers in the hop trade here claim, however,
that they remember years in which the sea
son has been very backward and conditions
of the hopyards Just as unpromising as at
present, and still New York State has come
forward at harvest time with an elegant
crop, both In quality and quantity. Old Sol
seems to have a good reputation here for
doing tine work at times, when most needed;
Just as he does regularly in Oregon, as a
matter of course.
The cold atmospherlo wave that has lin
gered over this coast for some time appears
also to have struck the English hopyards
from where, in 'consequence, come reports
of a somewhat similar nature, adding that
they are also bothered with lice over there.
In face of these unsatisfactory reports
from both sides of the Atlantic, as in regard
to the growing hop crops, markets are un
disturbed! and brewers uninterested; the, rul
ing quotations for all kinds of American
hops are more nominal than real, and values
have a hard time to hold their own. The
reason to account for this is that our do
mestic brewers' trade has been flooded with
very low offers of "spot" goods as well as
of contracts for future deliveries of new
hops. Brewers have laid in heavy stocks
to last them for a long time and wherewith
to meet emergencies should growers here or
on the Pacific Coast assume a stubborn at
titude when expected to market their hops
at reasonable and paying prices.
One large brewer said to me the other
day, when we were discussing the firm tone
of the hop market in Oregon and the expec
tations of the growers there, to realize big
prices for their hops, owing to poor crop
outlook In this state: "Well.what do I care?
I have plenty of hops, both Coast hops and
New York State's, to last mo for another
year, amply; and on top of these I have
contracted with responsible parties who will
deliver the goods under any circumstances,
best kind of brewing hops from any Pacific
Coast State I prefer, at 13, and some as low
as 12 cents delivered right here la my
brewery."
As In this particular brewer's case, so
with most of the brewers I have talked to.
and I am convinced of the truth of their
statement. Therefore, the only way I can
see open for my friends on the Coast to get
what they call a good price for their hops
Is that England has a short or small crop
this year, in which event she is bound te
buy heavily on this side, and, thereby, give
a much desired stimulation to our domestic
hopmarkets. In another month or two we
shall know better. It is too early yet for
anybody to foretell what ths ultimate out
come of the growing crop, anywhere, will
be. Let us hope for the best.
HANS C. WAHLBEBO.
Wool at' St. Loirls.
ST. LOT5IS, June 12 Wool, steady; me
dium grades, combing and clothing, 24
27c; light fine, 21 21 He; heavy fine, 16 4p
17c; tub washed, S0 37c.
BRYCE TALKS TO STUDENTS
British Ambassador-Shows Relation
of History to Politics.
TJRBANA, III., June 12 James Bryce,
the British Ambassador to the United
States, was the chief speaker at the
University of Illinois commencement
exercises this .afternoon.
In his address Ambassador Bryce con
sidered the relation of history to politics
and the value of history to the
citizens and statesmen, saying there were
two general conclusions which public
spirited citizens of the United States who
wished to serve their city or state or
country, might draw from the political
history of other countries. He continued:
One la that no on who, seeing the faults
that belong to popular government and the
difficulty of bringing it up to the ideal
which the theory of democracy sets up,
need be disheartened, no, not even by re
peated failures, to effect the reforms which
good citizens desire. History has comfort
for him. It will show him that other
forms of government, autocracy and oligar
chy, have their faults also, and graver
faults. You may find now and then a wise
and hlgh-souled despot who will do his best
for his subjects, but there Is no security,
there Is not even a probability, that he
will be succeeded by other despots of like
virtue. Tou may have a prudent and skill
ful oligarchy, government which will ex
tend the power of the nation in the world;
but lt Is certain to govern in Its own class
Interests, not In that of the people at large.
This was the fallacy that led even so
eminent a writer as the late Sir Henry
Main to do Injustice to democracy. He
pointed out Its faults. Ha omitted to jrolnt
out the faults of other governments. All
governments have their defects. As the
scripture says. " There Is none that doeth
right, no, not one." It is only a question
of which does less well than another; and
the general lesson of history la that the
government of one or of a class is far
worse than the government of the whole
people.
The other conclusion Is that although the
best institutions and the best administra
tive system are worth planning for and
striving for, although they make an Im
mense difference to the welfare of the
country, there is another thing even more
Important. That thing is the participation
in the work of government of the whole
body of the people. Leaders, honest, ca
pable, courageous men, are necessary. Just
as necessary in a democracy as in other
forms of government. The people muBt
seek them out, must honor them, must give
If their honesty is proved. Its confidence.
But the whole people must continue to
watch everything they do and never sur
render its'' judgment or .its votes into their
hands.
lt was said by them of old that eternal
CALIFORNIA
vigilance Is the price of freedom. It M
the price of other things also. It Is tha
price of pure government and efficient gov
ernment. No cltlsen In a free country can
scape or decline his responsibility for the
conduct of his government. He ought to
respect the judgment of those whom he
knows to be wiser than himself. He must
avoid the error of those "cranks. as you
call them, who set the particular Question
In which they are most interested above
the general lines of a sound national policy.
But the history of free governments shows
that when things go wrong, lt is not so
often from errors of judgment on the part
of the people as It la from an excess of
party spirit which has led them to follow
blindly an unscrupulous leader, or from aa
indifference and negligence which has en
abled unscrupulous and selfish men to pur
sue their own advantage at the expense of
the public good.
The most successful of all democracies,
tha of Switzerland, has been that In
which the whole people have most con
stantly exerted themselves to watch and
to take part in the conduct of their gov
ernment, and the result has been .te pro
duce in the mind of the Swiss people an
Intelligent . comprehension of public affairs
which it must be hard to equnl elsewhere.
TRAVELERS' GUIDE.
Alaska 1907
B TRIPS
8. 8. Spokane, June 14,
28. July 12. 26; A us. S.
Queen, July l.
HOMO IXETB.
& B. President sails 2 P. M June 4
8. E. ALASKA ROUTE.
Slcagrway. Sitka, Juneau and way ports.
Balling- P. M.
H. S. 6. Co.'s Humboldt June 2, 12, 22
Cottage City, via Sitka June IS, 80
City of Seattle June T, 17, 27
BAN FRANCISCO ROUTE.
Sailing: A. M. From Seattle.
City ot Puebla... June 4. lt
Sonoma .June 11, 24
President .lane 27
City Of "Ice, 24S Wuslictos St.
Jamestown Exposition
Low Rates'
tember 11, 12, 13.
Chicago and return, $71.50.
St. Louis and return, $67.50.
St. Paul, Minneapolis, Duluth, Su
perior, Winnipeg and Pt. Arthur and
return, $60. j
3 TRAINS DAILY 3
Kor tickets, sleeping-car reserva
tions and additional information, call
on or address H. Dickson, C. P. and
T. A., 122 Third St., Portland, Or.
Telephones Main 680, Home A 2286.
Ho ! For Astoria
FAST STEAMER
TELEGRAPH
Round trips daily (except Thursdays)
7 A. M. Landing, Alder-Street
Dock. Phone Main 565.
SAX FRANCISCO PORTLAND 8. 8. CO.
Only ocean steamers affording daylight
trip down Columbia Klver.
From Ainsworth Dock, Portland, 0 A. M.
8. 8. "Columbia," June 15. 25, July 5, eta.
8. S. "Costa Ktca," June 20, iO, July 10, ete.
Prom 8pear-6treet Wnart, San Francisco,
11 A. M.
8. 8. "Costa Rica," June 15, 25, July 5, eta.
8. S. "Columbia," June 20, SO, July 10, eta,
JAS H. DEWSON. AKent.
Phone Main 208. 248 Washington at.
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.
STR. CHAS. R. SPENCER
Washington-Street Dock.
Daily, except Sunday, for The Dalles and
way landings, at 7 A. M., returning 10 P.
M- Fast time, best service.
Phones: Main 8184; Home, A, 11, 24.
Columbia River Scenery
REGULATOR LINE 8TEA3IER8.
Dally service between Port laird and The
Dalles, except Sunday, leaving Portland at
7 A. M... arriving about fi XL M., carrying
freight and passengers. Splendid accommo
dations for outfits and livestock.
Dock foot of Alder sC, Portland; foot ot
Court St., The Dalles. Phone Main 914,
Portland.
anchor like steamships.
new york. Londonderry, Glasgow,
new york. gibraltar and naples.
Superior Accommodation, Excellent Cuisine.
The Comfort of Paesentfer Carefully Consid
ered. Single er Round Trip Tickets tassued be
tween New York and Scotch, English, Irish
and all principal Continental points at attrac
tive rates. Send for Book of Tours. For tick
etc or general information apply to any local
agent of the Anchor Line or to '
HENDERSON BROS.. Gen'l Agent Chicago.
WILLAMETTE RIVER ROUTE
BTKAMKR POMONA for Salem, Monday,
Wednesday and Friday, 6:45 A. M.
STE.VMKB OKtOONA for Balem, Albany,
Corvallls and way, leaves Tuesday and
Saturday. 6:45 A.M. Returning, leaves
CorvalUs Wednesday and Sunday. X0:Q
A. U.
OREGON CITY TRANS. CO.
HHP
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