17
IS
THE 3I0RV-:"G OREGONIAX. TUESDAY, MARCH 24, 1908.
sg
BOOSTED
Coast Markets Advance 30
Cents a Hundred.
flNALLY FOLLOW EAST
Blank Brands Recently Put Out Are
Withdrawn From Sale Wheat
Is Selling Above Its
Kxport Value.
The Coast sugar warkPta took a sharp
lump of 30 rents a hundred yenierday. This
wss about what th trade has expected In
viw of thw strength lately ihown by the
Eastern market, where prices , have ad
vanced 50 centa in the past flve veeka. In
addition to raising their lists 30 centa. the
California rennrle took off the market
their various unmarked brands, which have
ben 1 1 nit 20 cents under standard granu
lated sugar. This makes the real advance
a 60-cent one to the majority of buyers.
These h Iff her prices are considerably over
due. In the natural course of things the
Coast markets would have kept pace with
the advances in the Eastern states. The
California au gar-makers, however, had to
reckon with the opposition of an Independ
ent Hawaiian refinery, which marketed its
product through a Jobbing firm. Because
of this complication, it is popularly sup
posed the refiners have been selling sugar
for some tlmo at a loss.
KEW YORK STATE HOP MARKKTS DIXL
Not Much Talk of Reducing; Acreage Around
WatervlUe.
Hop market conditions In the East are
thus reported by New York State papers:
The market still presents a very dull
appearance, and little, if any, business has
been done for the past few days. There
Isn't s. great deal of talk hereabouts o(
reducing the acreage, although without
doubt some of the smaller growers will
probably be frozen out on account of the
hlRh price asked for poles and the scarcity
and expenslveness of farm labor. Watervllle
Times.
The local market continues very quiet.
Probably less than 100 bales have been
bought during the week. Prices remain
unchanged.
One of the best records In O Lac go County
is that of Wellington L.. Morris, of Mllford.
Mr. Morris has 13.000 hills of hops, or 14
acres of land, that have yielded in the last
four years h0.0"(t pounds of hops. He sold
thfm fnr ll.73.ft0. His hop roots brought
$7:t J."i. makintt a total of $;i0.4tt.7r. All
the fertiliser used In the four years on this
hop land, outside of what was produced,
on farm, cost $165.75. Cooperstown Jour-
Kl 1.1- r RICES OFFKRRD FOR WHEAT.
Hut Sale by Farmer Are IJght Weekly
(.rain MatUtltn.
Local grain dealers assert the prices they
are paying for wheat are about 4 cents
above actual values. The market ts being
made by mmo of the exporters who have
phlps for which It la neoessary to supply
rarKoes, and they are compelled to offer
these full prices to farmers. Notwithstand
ing this, the amount of wheat being secured
is not targe, owing to the bullish, views
held by sellers.
The weekly grain statistics of the Mer
chants' Exchange follows:
Amerhan visible supply
Bushels.
Increase.
1.031,000
30U.OOO
B7.000
1.1AS.OOO
471.0(10
1.011, 01 K
1.O49.000
41O.0O0
1TT.0O0
75.0U0
March 23. 11
March 2X ITHrT....
March 2. UOrt. . . .
March 27. 10.V . . .
Waroh 21. WH
March 2:1. UMKl
March 24, 11)02....
March 2 H"H . . . .
March 2. lftOO....
March 27. lbu....
. .3i.ua.ooo
. .47.73.H,(K0
. .47.320.000
. .32.818,000
. .02 ,025.000
. ..1 ,006.000
. .oO.W8.0O0
. .M,7 14,000
. .IV4.0R9.000
. .80,007.000
Increase.
Ouauitltles on
ween wren nres
ending ending ending
March 21 March 14 Moh. 23 T
TJ. K A5, 000,000 A6.RO0.0tM) 33.040.4XK)
Continent ,23,S0.OOO 22.080,000 17.280.OO0
Totals ..R9.600.000
58.880.OO0 V0.ft20.0O0
world's shipment.
flour Included.
Week Week
ending? endlnc-
ween
ending
March 21
From Bushels
tX Vaus2.7tt3.000
Anrentlna . .fi.WW.OOO
Australia 300,000
India
Pan. porta. , lOO.OOO
Kuawla 232,000
March 14 Mch. 2307
Bushels Busheli
2,SM,004
7,376.000
33. cx0
48,000
520.000
830.000
1.870. 0O0
4.00O.OO0
1.7A0.OO0
tVM.IMH)
80.000
400.000
TotaJ ...v0,7(V,OOO 10.006.000 9.570.OO0
BANANA PRICKS WTLL BK HIG HK B
Half Cent Advance fa XjocmI Quotations
Produce Arrivals.
The local fruit Jobbers contemplate an
advance of cent tn banana, prices, making
the quotation 6H cents in the city and 6
centa crated. The Fruit Dispatch Com-j-anjr
haa advanced Its ''price 85 cents at
hipping points. Four cars of bananas are
due here Wednesday. Receipts yesterday
wsre three cars of oranges and one of
mixed vegetables. One or two cars of
oranges and another car of vegetables are
due today.
Sweet potatoes are practically cleaned up
on the street. A large shipment of rhu
barb Is due today, which will be offered at
$2.75 par box.
Eggs Shipped Through Portland.
There was not much animation In the
country produce market yesterday. Kgg
receipts were light and Saturday's range
of prices prevailed. A good many eggs are
going through from Valley points to the
Hound, having been bought direct by
Northern buyers.
Very little poultry was on sale and the
demand was slow.
Butter continues to clean up well and the
market Is In good condition.
Bank Clearings.
Clearings of the Northwestern cities yes
terday aero as follows;
Clearings. Balances,
Portland $i.o:t:...i4 24 sox
Prattle 1.232,i4S 147.524
T aroma 7"..NJ 57,301
.Spokane 1. UCtKU 103,412
PORTLAND QUOTATIONS.
Grain. Flour. Feed, Etc.
FLOUR Patent, 94.80; straight. 9400;
clears. 4; Valley. 94.45; graham fiour,
94 4&tf5; whole wheat flour. 94-7563.23;
rye flour, f". SO
NY H KAT t'lub. 82&83c; bluestem. 84 Q
Wc; Valley, 2ivlc; red. SO 4 Sic.
BAKLEV Feed. 9'4d per ton; rolled. 928
tf&O per tun.
M1LLSTIKFS Bran. city. country.
27 per ton; middlings. 930; shorts, city,
-"7: country. 924 per ton; chop. $2Q&2& per
ton.
OATS No. 1 white. 927 2 per ton.
CKHEAL FOODS Rolled oats. Cream. 0
pound sacks, per barrel. 97 ; lower grades.
(5 OOtf G 50 ; oatmeal. ateel-cut. 45-pound
lacks. S per barrel: ft-lb. sacks. 94. 25 per
bale; split peas. pr 100 pounds. 94 2504. 80;
pearl barley. 94 50tf3 per loo pounds; pastry
flour. 10-pound sacks. $2.7& per bale; flaked
-het. $2 75 per case
CORN Whole, $.i.t.. cracked, 934.00.
HAY Valley timothy. No 1. 9 17 ton
eastern Oreiton timothy. 910tf2O: clover.
114 ' 15; cheat. 915; grain hay, 914 15;
alfalfa.
Vegetables, Fruit. Etc
DOMESTIC FRUITS Strawberries. 96 75
pr crate; apples. 9i.OO4Ml.50 per box, ac
cording to Quality; cranberries, 9& 11 per
barrel
FRESH VEGETABLES Artichokes. 75
90c per dozen: asparagus. 12 c per pound;
beans. Wf per pound; caonage. ltflc
'gsplant, 20c per pound; lettuce, head. tt.lc
parsley. Sic per doien ; peppers. 2c per
pound; radishes. SOc per dozen: rhubarb. He
per pound; spinach. 85c per crate; sprouts.
tc pr pound; squash. 14JIVe par pound;
tomatoes. Mexii-an. crates, f u 250
TROPICAL FRUITS Lemons, 9 2-50 3-30
DOWNING-HOPKINS CO.
EhTABIJSHED 19S
BROKERS
STOCKS --BONDS--GRAIN
Bought and sold for cash and on inargin.
Private Wires Rooms 201 to 204,
per box ; oranges, navels, 92 Q 2.75 ; grape
fruit. 93.50; bananas. 554zc per lb., crated,
S4c; pineapples, 94 5.50 per dozen; tan
gerines, 91.50 per box.
ROOT VEGETABLES Turnips, SOc per
sack; carrots, 85c per sack; beets. 91-00 per
sack; garlic, lOc per pound.
ONlONSi Jobbing price. Oregon, 94 per
hundred.
POTATOES Buying price. 4065c per
hundred, delivered Portland; sweet pota
toes. 94 per hundred.
DRIED FRUITS Apples. 10c per pound;
peaches. Il'pl2c; prunes. Italian, 56Hc;
prunes, French. 35c; currants, unwashed,
cases. 9 He; currants, washed, cases. 10c;
flgs. white, fancy. 50-pound boxes, otic.
Butter, Kgg Poultry. Etc.
BUTTER City creameries: Extra cream
ery, 30c per pound; state creameries, fancy
creameries, 25 30c; store butter, choice,
16 1 7c. ..
CHEESE Oregon full cream twins. lSo;
Young America, 16c per pound.
POULTRY Average old hens, 14 15c;
mixed chickens. 12& 13c; Spring chickens,
10 20c; turkeys, live, 15 & 17c; dressed,
choice. l;i&20c; geese, live, per pound, 8df
10c; ducks, Q$ 17c; pigeons, 75c &91;
squabs. 91.50&2.
E(iGS Fresh ranch, 15 16c per dozen.
VEAL 75 to 12r pounds, fc⪼ 125 to
160 pounds, 7c; 150 to 200 pounds. 6?atC.
PORK Block, 75 to 150 pounds. 7f7foc;
packers. 5 to 6 He,
Hops, Wool, Hides. Etc.
HOPS 1U07, prime and choice, 405tte
per pound; olds, l&2c per pound.
WOoL -Eastern orugon, average best, 12
9 10c per pound, according to shrinkage;
Valley, ltilSc, according to quality.
MOHAIR Choice, 25c per pound,
CASCARA BAKK-aVitc per pound.
HIDES Dry. 12fcliic; dry calf, No. 1,
under 5 lbs.. 14<ic; culls. 2c per lb, leas;
salted bides, SrOc; salted calf, 0c; green
(unsalted), 1c per lb. less; culls, lc per
ib. less; 'sheep skins, shearlings. No. 1
butchers' stock, each, 2530c; short wool.
No 1 butchers stock, each, 50(jj 60c ; mo
dium wool. No. 1 butchers' stock, each. 75c
& 9 1.00; long wool, No. 1 butchers' stock,
each. 91.251.50; horxe hides, salted, each,
according to size, 92.002.50; dry, accord
ing to size, each, 9100(1.50; colt's hides,
each, 25tf50c; goat skins, common, each.
15 25c; Angoras, with wool on, each. 30c 9
91G0.
FURS For No. 1 skins: Bear skins, as
to alxe. No. 1, each, 95.001000; cubs,
each, 91 3; badger, prime, each, 2550c;
cat, wild, with head perfect, 30 50c; house,
520c; fox, common gray. large pilme.
each, 40&50c red, each, 33; cross, each,
9515; silver and black, each. 9lo0
S00; fishers, each, 95(98; lynx, each, 94-50
6.00; mink, strictly No. 1, each, according
to size. 913: marten, dark northern, ac
cording to size and color, each, 910013;
marten, pale, according to size and color,
each, 92.50 4 ; musk rut. large, each, 12 9
15c; skunk, each, 3040c; civet or polecat,
each, 5' 15c; otter, for Targe, prime skin,
each, 9o10; panther, with head and claws
perfect, each, 92 3 raccoon, for prime
large, each. 50g75c; wolf, mountain, with
head perfect, each, 93-50 5.O0; prairie
(coyote), 00c 9 1-00; wolverine, each, $&
800.
Groceries. Nats. Etc.
RICE! Southern Japan, 0?4c; head, Gft9
7c; Imperial Japan, 6c.
COFFEE Mocha, 24 28c; Java, ordinary.
17 20c ; Costa Rica, fancy. 18 3 20c; good,
16 18c; ordinary, 12 ffv 16c per pound. Co
lumbia roaet cases, 100s, 914.50; 50s, 914.75;
Arbuckle. 916.03; Lion. $15.75,
SALMON Columbia River, 1-pound taps,
92 per dozen; 2-pound tails. 92.!)5; 1-pound
flats. 92.10; Alaska pink, 1-pound tails, 05c;
red, 1-pound tails. 91-45; sockeyes, 1-pound
talis.' 92.
ST 'GAR Granulated. 9-Y35; extra C, 95.4v;
golden C, 95.35; fruit sugar. 95.05; berry,
95.05; beet sugar. 95-75; cube (barrels),
90.35; powdered (barrels). 90.20. Terms: On
remittances within 15 days deduct c per
pound; if later than 15 days, and within 30
days, deduct -Ho per pound; Maple sugar.
15&lSc per pound.
NUTS Walnuts, 164 618c per pound by
sack; Brazil nuts, 16c; filberts, 16c; pecans.
16c; almonds, 16t418c; chestnuts, Ohio.
25c; peanuts, raw, G g8e per pound;
roasted, 10c; plnenuts, 1012c; hickory
nuts. lOc; cocoanuts, 00c per dozen.
6 ALT Granulated. 918 per ton; 92.25
pvr bale; half ground. 100s, 913.50 per ton;
BOs. 914 per ton.
BBAN3 Small white. 4c; large whlta
4Hc; pink. 4c; bayou, 4c; Lima. 6c; Mexi
can red. 33o.
HONEY Fancy. 93.6008.75 per box.
Provisions and Canned Heats.
BACON Fancy breakfast. 22 He pound;
standard breakfast. lHc; choice, IS He;
English. 11 to 14 pounds, 14c pound.
HAMS 10 to 11 pounds, 12c pound; 14
tb 10 pounds, 12c; 18 to 20 pounds. 12c;
boiled, 24c.
SAUSAGE Bologna, long, 8c; links. 7Hc
BARRELED GOODcT Pork, barrels, 920;
half-barrels. 911, beef, barrels, 910; half
barrels. 95.50.
DRY SALT CURED Regular short dears
dry salt. 10c; smoked, lie; clear backs,
dry salt, 10c; smoked. 11c: clear bellies.
14 to 17 pounds, average, dry salt. 12Vic;
molted. 13 He; Oregon exports, dry salt,
12Hc; smoked. 13Vic
LARD Kettle rendered: Tierces. 12o;
tubs, 12Jc; 50s. 12c; 20s, 12c; 10s, 12c;
5s, 12 fcc; 3 s, 13c; standard pure, tierces,
11c; tubs. ll"ic; BOs. llfcc; 20s. llc; 10
1144c; 5s, 12 c Compound: Tierces, 7e;
tubs. 7c; 50s, 7c; 20s. 7 Ho.
Coal Oil and Gasoline.
REFINED OILS Water white, iron bar
rels. 11c; wood barrels, 15c. - Pearl oil.
cases. lSHc; Head light. Iron barrels, 124c;
cases. 19Hc; wood barrels, 10Hc. Eocene,
cases, 21 He. Special W. W., iron barrols.
14 vc; wood barrels, 18 Sc. Elains, cases.
28c- Extra star, cases. 21 He
GASOLINE: V. M. and P. Naphtha. Iron
barrels, 124c; cases, 194 c. Red Crown
gasoline, iron barrels, 104c; canes. 234c
Motor gasoline, iron .barrels. 164c; cases.
23 4c; 6 gasoline. Iron barrels, 30c; cases,
37 4c. No. 1 engine distillate, iron bar
rels. 10c; cases. 17c.
PORTLAND LIVESTOCK MARKET.
Prices Quoted Locally on Cattle, Sheep and
HORS.
Livestock prices continue steady to strong
at the range quoted last week. Receipts
yesterday were nominal. .
The following quotations were current In
the local market:
CATTLE Best ateers, 94.40'g'4.75; me
dium. 93.75t34.25: cows, 93.50ig3.75; fair to
medium cows, 92.753.25; bulls, 92275;
calves. 93.75 ti 4. 50.
SHEEP Good, 9530 if 0: lambs, 95,75
O50.
HO(W Best, 95.25if5.50; lights and feed
ers. 955.25.
Kaatern Livestock Market.
CHICAGO. March 23. Cattle Receipts.
25,000: strong; beeves. 94. 65 6.75; cows and
heifers. 92 & 5.50; Texans, 94.405.40; calves.
94.50 $10.50; Westerns. 94.65 5.50; stockers
and v-eders. 93.15ftj5.20.
Hor Receipts, about 45,000; market 5o
higher; lights. 94.85a 5.10; mixed. 94 85p
5.15; heavy. 94.6545.15; rough. 4.8."(jj 4.f5;
pigs. 94.oit,t6 50; bulk of sales, 95.00& 5.1O.
Sheep Receii-ts. about 17.000; Strong;
native?, 94 25 (i 6 65; Westerns. 94. 50 6185;
yearllncs. $6 -i 7.15; lambs, 95.857.65; West
erns, 90.75 6.80.
OMAHA. March 23. Cattle Receipts.
3000; steady to stronger; native steers. 94.50
6.50; cows and heifers, 935.45; Western
steers. 93 751 5.50; Texas steers. 936 4.50;
cow nd heifers. 93.754.35; canners, 92
3.25; stockers and feeders. $3 Hi 5; calves,
93i 6 25; bulls and stags. 933 4.75.
Hogs Receipts. 45O0; market 5a higher;
heavy. 94.75 'a 4.10; mixed. 94.7504 80: light.
94 70-a4.S5; pigs. 93.50&4.40; bulk of sales,
94.75ff 4.80.
Sheep Receipts. 14 000: steady; vearlings.
96i 6.7S; wethers. l.V7Sft600; ewes, 95
6.30; lambs. 9rto04j7.50.
KANSAS CITY. Mo.. March 23. CattUs
Receipts. 10.000, including l'KK) Southerns;
ktrong: native steers, 95j 6.6O; native cows
and hf Iter. 93.25 a 6; stockers and feeders.
93 5(1 5. 30; bulls. 93 505: calves. 94&A.25;
Western steers. 94-75 tj 0.35; Western cows.
93.7.-.B .V
Hogs Receipts. SOOO; market. 5c htg-her;
bulk of sales, 94.005.05; heavy. 95ft 5.10;
packers, and butchers. 94.&Ow50o; light.
94 SO; 5; pigs. $4.35 U 4.30.
Sheep Receipts. 7000; strong: mutton,
95.50fi 6.00; lambs, 96.757.75; rang weth
ers. 93.75V 7; fed ewes, 9-756 6.75.
New York Cotton Market.
NEW YORK. March 23. Cotton futures
closed steady. Aprti. 0.53c; March, 0.5oc;
May. .Ac; June. y.63c; July. D.tttc; August.
a.woc; October, .63c; DKmber, S.&ec
Telephone MS 36.
GfllfJ IN STRENGTH
Stocks More Active, Led by
Pacifies and Metals.
SENTIMENT IS BULLISH
News of the Day, However, Is Xot
Altogether Favorable Sugar
Refining Helped by Its
Annual Report.
Couch Building
NEW YORK, March 23. Irregularity
marked the movement of prices In the stock
market today. Business was in moderate
volume and, as has been the case for some
time past, almost wholly professional. There
is still a dearth of public interest, not only
in stocks, but in bonds as well. Sentiment
was bullish in the main, though developments
were not all of the eort to make for In
creased confidence.
The day's budget of news included fore-'
caste of President Roosevelt's forthcoming
special message to Congress, concerning which"
there was much diversity of opinion; the first
public report of the American Sugar Refin
ing Company, showing unexpectedly large
cash araets and cash surplus; advices from
the reading railway centers, which bespoke
a more cheerful view of general conditions,
despite fears of a coal strike;-a reported de
crease in the number of idle freight cars and
a good crop outlook. Dlsrpatches from New
England mill towns telling of further wage
"reductions served to call renewed attention
to the labor situation. Rumors of a strike
on the Reading system deprcwed the coalers
during the early session, the rest of the rail
way list falling In sympathy. . but later re
coveries were registered.
Locally the day was devoid of Important
Incidents, apart from the announcements that
two erstwhile financial Institutions the Ori
ental Bank and the Knickerbocker Trust
Company were about to merge from their
difficulties. The early movement of prtree
was more favorable to the Industrial, group
than to the railers. Except the statement
of the sugar company, which advanced that
stock smartly, thrre v.a little to account for
the strength of Industrial shares, though the
belief is gaining groirhd .that conditions in
the steel and iron and the metal trade gen
erally are beginning to take on a more hope
ful outlook.
The market developed increased activity
and strength under the leadership of the
Harriman and Hill issues and the steel and
copper shares, the movements embracing the
entire active Hat and some of the specialties.
Among the causes were the decision of the
Supreme Court which overturns the Minnesota
freight and paeaenger law. declaring the pen
alties Imposed excessive, and the introducing
of amendments to the Sherman anti-trust
law. The cloeing was strong at about the
high level of the day.
Foreign markets exercised little or no in
fluence here, although Americans rallied In
London, where business was restricted by rea
son of the approaching settlement. No Im
portant railway earnings were reported today,
but those of some minor roads were in line
with recent returns, virtually all showing a
marked falling off in gross.
The money market was without notewor
thy incident, rates for call and time loans
being practically unchanged, with little de
mand. The payment to Washington of a
final Installment of about 914,000.000 of Gov
ernment moneys was accomplished without
disturbance. The greater part of thto sum
was disbursed by local banks for their in
terior correspondents. ' Money is accummu
lating here In unwonted volume and the Sec
retary of the Treasury, according to trust
worthy reports, la likely, to make further
withdrawals on or before April 1.
In the bond market United States 4s, reg
istered, declined per cent on call. Rail
road bonds were irregular. Total sales, par
value, 92.411,000. '
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. Bid.
Adams' Express 177
Amal Copper 30.200 584 56T 584
Am Car & Toon. 3,000 31 31 31
do preferred ... 200 904 004 nuu
Am Cotton Oil... 2,3u0 20V 274 28
do preferred 85
Am Express 100 180 180 lo
Am Hd A Lt pf 14
American Ice ... 3,900 21" 20 20
Am Linseed Oil 9
do preferredd 17 4
Am Locomotive..- 8,80 414 39 41
do preferred ... 1,300 93 92 4
Am Smelt A Ret 30.300 71 694 714
do preferred ... 2M 94 94 94
Am Sugar Ref... 13,800 128 124 120
Am Tobacco ctfs 4
Anaconda Min Co 5.900 37", 37 37
Atchison 2.500 73 72 73
do preferred ... 4"t0 85 4 854 85 4
Atl Coast Line. . . 0K 70 67 4 70 4
Bait St Ohio 1,600 824 81 82
do preferred &2
Brook Rap Tran.. 8,500 47 46 46
Canadian Pacific. 11,5K 149 34rt 141)
Central of N J.. K0 1724 1724 176
Ches A Ohio 1.9U0 31 304 30
Chi Gt Western 44
Chicago A N V.. 3.000 1484 146 147 4
C, M & St Paul.. 12,300 117 115 117
Chi Ter & Tran 5
do preferred .- 20
C, C, C A St Louis 48
Colo Fuel A Iron 7.100 23 21 "22
Colo A Southern.. 1.80 24 24 24
do 1 t xpref erred. 1.200 55 54 M
do 2d preferred. 700 4 454 4rt
Consolidated Gas., ft, 400 loo 102 loO '
Com Products ... HiO 12 12 12
do preferred . . . 1 61 61 62
rel A Hudson 700 156 155 1C6
Del. Lack A West 485
I A R Grande 19
do preferred ... 100 50 50 49
TMstlllers' Securl.. 4.300 34 33 33
Erie l.S0 15 ' 15 35
do 1st preferred. 200 31 30 30
do 2d preferred. 2"0 21 21 21
General Electric. SO 123 122 123
Illinois Central .. 600 425 1244 1244
Int Paper 900 9 8 9
do preferred . . . 10O 57 57 56
Int Pump 8.500 26 24 26
do preferred ... 100 71 71 71
Iowa Central .... - 700 11 11 11
do preferred ... 800 31 30 30
K C Southern .... 300 22 22 22
do preferred 51
Louie & Nashville 1,400 ' 98 96 98
Mexican Central.. 20 18 18 17
Minn A St Louis. 200 22 22 22
M, St P A S S M. 900 104 103 104
do preferred l.V
Missouri Pacific... 2.8O0 39 38 39
Mo. Kan A Texa 3.3i0 23 22 23
do preferred ... loO 53 fi3 52
National Lead 8.600 08 56 58'
Mex Nat R R pf 48
N T Central .... T.SOO 100 Wi 100
N T. Ont A West. 4O0 32 32 33
Norfolk A Western 2,500 62 62 62
do preferred 80
North American .. 200 40 46 46
Pacific Mall 4,100 33 2 32
Pennsylvania 7.500 117 116 1174
People's Gas 6.40O 90 88 80
P. C C A St Louis 300 68 67 68
Pressed Steel Car 2.30 23 U2 234
do preferred 79
Pullman Pal Car. 300 152 152 152
Reading 131.400 104 103 104
do 1st preferred s 88
do 2d preferred 80
Republic Steel ... 4,2i0 19 18 19
do preferred ... 500 72 7t 72
Rock laland Co. . SOO 34 14 14
do preferred ... 2.UIO 26 25 26
St L A S F 2 pf. 100 26 26 26
St L Southwest.. 7,000 13 12 13
do preferred ... 7.200 82 29 3o
Southern Pacific. 12.300 75 73 76
do preferred ... 300 110 lo MbTs
Southern Railway. 4.1UO 13 124 13
do preferred ... 1.0O0 36 34 35
Texas A Pacific... 50 16 15 16
ToL St L A West. 80 15 15 15
do preferred ... 81 87 36 37
Union Pacific 1S2.200 126 1244 126
do preferred . 7ft
U S Express tJ
U a) Realtor 300 40 40 3 .
after that. ' What
time and my own.
plexing problems
Boston, March
V S Rubber 600 21 21 21
do preferred 200 84 84 8.1
U S Steel 87. Too S5ii XX .14
do preferred ... 7,31)0 90 U7 tWifc
Va-Caro Chemical 100 184 18i4 1HH
do preferred ....-. 914
Wabash 300 84 4 1)
do preferred ... 200 17 lBjj 1V)4
TVells-Fariro Ex 300
Weotlnghouse Elec 3on 4014 0 41
Weirtern Union ... 300 So 40 48
Wheel ft l Brie. 100 6 0V 6
Wisconsin Central 14
do preferred 40
Northern Pacific. 18.800 12S 12014 12
Central T-ealher .. 200 18V4 IT IS'i
do preferred 82!fc
Sloae-Sheftleld .... 4O0 S0?4 r.014 5'H
Gt Northern pf.. 9.800 12.1 121 123
Inter Met 100 Ti Tvj 7 '4
do preferred ... BOO 18 Wi 18
Total sales for . the dy. 718,800 shares.
BONDS.
NEW YORK, March 23. Closing quota
tions: U.S. ref. 2s res;.103'N. T. C. G. 3 8
do coupon. .. .104!Nor. Jac. Sc...... 70
V. S. 3s res; 101 Nor. Pac. 4s 100
do coupon. ... lOl Ifiouth. Pac. 4s... 85
U.S. new 4 reg.l20'T'nion Pac. 4s...loo
do coupon 12'Wis. Cent. 4. .. 82
Atohlson adj. 4s 60'japanese 4... 83
D. A R- G. 4s. . 01 1
. Money Exchanse, t.
KEW YORK, March 25. Money on call,
easy, l1.-, per cent; rullna; rate, 2 per
cent; closing; bid, 1; offered at 3 per cent.
Time loans, quiet; 60 days, 87Q per cent;
90 days, 3 per cent; lx months, 4r per
cent.
Prime mercantile paper, 6S6 per cent.
Sterling exchange, steady, with actual busi
ness In bankers bills at 4. 804.8630 for de
mand and at $4.8346&4.8.0 for 00-day bills.
Commercial bills, $4.ft34.83.
Bar silver, 53-c.
Mexican dollar. 47c.
Bonds Government, easy; railroad, Irrea;
ulan. SAN FRANCISCO, March 23. Silver bar,
66 c.
Mexican dollars, 63c.
Drafts Sight, 6c; telegraph, Tc.
Sterling, 60 days. 4.83: sight, 4.86.
Dally Treasury Statement.
WASHINGTON, March 23,-r Today's state
ment of the Treasury balances in the gen
eral fund shows:
Available cash balance $283,580,650
Gold coin and bullion 23.3O0.iVW
Gold certificates 20,S20t8&0
Min Ins; Stocks.
NEW YORK, Marco 23- Closing quota
tions: Adams Con $ ,05'L.lttle Chief g .05
Alice 8. 00 i Ontario 2 73
Breece lOjOphir 2-15
Brunswick Con. . -lO Potosl 07
Comstoek Tun. . . .50 Savage 27
Con Cal. & Va. . .21 Sierra Nevada... .32
Horn Silver 75 Small Hopes 18
Iron Silver 1.25'Standard 1.50
Leadvllle Con... -001
BOSTON, March 23. Money Call loans,
2 to 4 per cent; time loans, 6 to 0 per
cent.
Adventure . 1.50
AUouex 2500
Amalgamated 5S-23
Atlantic ... 10-00
Bingham . . -87
Cal. A Heel 035.00
Centennial . 22.50
I Parrot S 18.50
Qulncy 8200
iShannon 11.02
u. s. Mining 33. w
iu. s. on. .
(Utah.
'.Victoria
! Winona
Wolverine
North Butte.
lO.OO
40.12
3.50
5.00
121.00
54.02
22.02
11.73
1.03
Cop. Rang. 64.50
Daly West..
Franklin -..
Gran by ....
Mass. Min..
Michigan ..
Mohawk .
O. romlnion
Osceola ....
8.00
7.50
8800
2.50
10.50
8.00
'Butte Oolit..
INevada ....
Cal. & AHz..
Arts. Com...
19.62
8.50
.38.00'Gr. Cananea.
80.00 V
Metal Mark eta.
NEW YORK, March 23. The London tin
market was higher with spot quoted at 140
15s and futures at 138 2a 04. Locally the
market was nrVn with quotations ranging
from 30.76 to 31.2bc.
Copper was higher in the London market
with spot quoted at 50 10s and futures at
50 17s Od. Locally the market was firm and
higher oa the average with Lake quoted at
12 8713-12c. electrolytic 12.76tfl3.G0c and
cartlne at 12.ti2l2.67c
Lad was higher at 12 Is 3d In the Lon
don market. Locally the market was steady,
but unchanged at 3.00&4.00c.
Spelter was unchanged at 21 2s 6d In Lon
don. The local market was dull and a shade
easier at 4.604.70c.
Iron was higher abroad with standard foun
dry quoted at 60s Od and Cleveland warrants
at 62a. The local market was unchanged
with No. 1 foundry Northern closing at 318.25
918.75; No. 2 Northern. 317.73(518-25; No. 1
Souther- and Ka. X Southern soft, S17.75&
1S.5U.
FAIR FINANCE, NO. 1
To President Roosevelt :
I respectfully point to "Fair Finance No. 2" and "Fair Finance No. 3," which will be in this space
in the leading dailies throughout the world tomorrow and the tomorrow after. Also to the most ex
traordinary statement "Gold 'for sale," which will follow No. 3. The only reason flagging your atten
tion is that you may have positive proof of a result your work produced.
To the People:
I earnestly ask that every thinking man and woman throughout America and Europe will read
what will appear in this space in the press of the world tomorrow, day after tomorrow, and day.
you will rad will be mighty interesting otherwise
It will be even more than interesting; it will show
solved.
To Capitalists:
This is a notice to you, wherever located, that in this space in the press of the world tomor
row and the two following tomorrows, will appear news good news which will cause you to sit up
straight up and take notice. That these notices cost over $100,000 should be proof positive that the
news will be news. .'
, To the Press :
Reserve this space for tomorrow and the day following tomorrow and double this space for the
next day following. - '
Copy will be mailed to the Eastern press, telegraphed to the press of the West, South" and Canada,
and cabled to Paris, Berlin and London daily. This notice inaugurates a publicity campaign a
three-section campaign of $17,500,000, $60,000,000 and $225,000,000. It will call for an advertising ex
penditure of $1,000,000, and as it will convey to the people news of import you might print each day
on your front page a notice something to this effect: "No reader should fail to absorb and digest
Thomas W. Lawson's Fair Finance, printed on page ". If you decide the text merits, post it daily
on your bulletin boards. As to additional notice, reading or editorial comment, your decision will be
my conclusion.
24, 1908.
CUT DOWN THE HOP CROP
ONLY THIXG THAT WILL PUT
PRICES OX PAYING BASIS.
M. II. Iurst Does Not Believe Grow
ers in Europe or America Ileal ly
Intend Reducing Acreage. ,
ALAMEDA. Cal.. March 20. (To the Edi
tor.) In your Issue of March 17 it is stated
that the Oregon, Washington and California
organizers of the Pacific Coast Hopirrowers'
Union will hold a meeting in Portland
March 30th for the purpose of taking steps
to bring about a reduction of the hop crop
for 1008. Judge Power also has a letter
suggesting reduction.
It seems to me that all this talk of re
ducing production by agreement is futile,
and that the hop industry cannot be helped
out of Its present ruinous condition until
something besides talking, resolving and
agreeing can be done. - We have been
through the same things before and no good
result has ever come of them. -
This talk of agreeing to reduce the
acreage only serves to keep our competitors
in the business. In New York state, Eng
land, and on the Continent, hopgrowers are
watching us of the Pacific Coast closely
to learn If we are Intending to curtail pro
duction. Reports are being circulated that
England haa grubbed 8000 acres; that New
York will reduce 25 per cent; and we hear,
down here. In California, that Oregon and
Washington are reducing 21o to 30 per cent.
Those of us who have private means of
Information know that these reports are not
true. In England a big fight is being made
In the Interest of hopgrowing. A Parlia
mentary commission is now examining Into
the state of the industry. . The hopgrowers
are clamoring for a duty. I am informed
that the reduction of acreage is much
smaller than u expected earlier' in the
season.
I have a letter from Watervllle. N. Y.,
saying the New York acreage will be about
the same as last year.
In California reports are clroulated that
our 1008 crop will be 25 per cent short of
last year. I do not believe it. As far as I
can learn, the acreage will not be reduced
this season. Some few hundred acres are
going out and twice as many being planted
out by Horst and Li 11 en thai & Co. We had
a rather small crop last year tn California,
and. the chances are we will grow more this
year. I am giving growers this Information
for their own good. Those who propose to
go on growing hops should do so with their
eyes open.
These reports of reduction of production
are many of them not reliable and perhaps
may be circulated for the express purpose
of inducing hopgrowers to cultivate all tha
acreage, so the quantity of hops this Fall
will be large enough to allow the manipu
lator full sway.
We can remember how last August crops
the world over were to be very short, and
that Just as soon as the hops were picked
there was a terrible over production. It is
possible'' there may be "method" in these re
ports. Reduction of production Is necessary, but
lt can only be accomplished by two methods.
The natural one, in which growers reduce
acreage because they must, or because they
can make better use of their land and
money. Tha second method Is by a power
ful organisation securing co-operation of
growers, and contracts from all members
whereby a pro-rata reduction of acreage can
be decided on and carried out by the power
vested tn the organization. The adjusting
the supply to the demand was one of the
main functions of the Pacific Coast Hop
growers' Union, and it is only througn some
such organization that production can be
controlled. ,
The talk about agreeing to reduce acreage
will end in talk. Agreements don't hold.
Suppose a grower agrees to plow up or not
cultivate, but fails to live up to his agree
ments, who is to compel him to? And how
can the damages be assessed?
I went into an agreement In Oregon In
February, 1W)5, to hold hops, a good many
of us lived up to our words and held. It
cost Durst Brothers $70,000 to keep faith,
and hundreds of other growers in proporr
tlon.
When we go into any more propositions
there must be some holding force. All
other large growers feel the same way.
When growers get together and form, an or
ganization with powers enough to compel
people to live up to their agreements, then
there can be regulation of output.
1 believe this Coast is destined to grow
the hops of the world. It looks now as if
there would be a Ditier ngnt tasting several
years between this Coast and the world to
see who is to grow the hops. Until some
large reduction Is made In the acreage,
orlces must rule very low.
X toil my correspondents in England we
I would not consume your
one of the people's most per-
THOMAS W. LAWSON
first mortgage:
BONDS
Safe as Government.
FRAK ROBERTSON
Falling; 111 das.
Third nnd Wast. Sta.
are going- to grow a banner crop again this
season. Until we can organize our Hop
growers' Union on lines that can command
the support of the large majority of hop
growers, there is no hope for reduction of
production or of paying prices.
I have lett era from on e of th o 1 argest
brewers in the world stating they have
stocks on hand to last IS months. Also that
when their present contracts with dealers
at 15-17 cents expire, they do not propose
to renew them at any such figures, as they
find they are paying altogether too much
for hops. They are offered good hops now
at 4 to 6 cents delivered to their brewery,
so why should they pay 15 cents? In a few
years brewers will have no contracts, and
then they will be out looking for oheap
hops.
The outcome Is going to be that brewers,
finding they can buy hops for 0 or 7 cents,
are going to be on tha 'bear" side of the
market themselves.
We can reduce our crop all we Ilka, and
as long as we all want to sell In November
and December, we will find prices low.
Until we can control offerings, we may be
sure prices cannot be better.
M. H. DURST.
QUOTATIONS AT SAN FRANCISCO.
Prices Paid for Produce fat the Bay City
Market.
. SAN FRANCISCO. March 22. The follow
ing prices were quoted in the produce market
today:
Vegetables Garlic, ' 12 15c ; green peas,
4Oc; etring beans, 20c; asparagus, 40c;
tomatoes. J 1.25 2; eggplant, 10 16c.
Poultry Roosters, old, 44.60; roosters,
young, $6.60gO; broilers, small, 333.60; broil
ers, large, $4-60g3.50; fryers, $6.60t&7.60, beno,
JMif: ducks, old, $4g5; young, $537.
Butter Fancy creamery, 23c; creamery sec
onds, 22c; fancy dairy, 20 c.
Kg KB Store, 17c; fancy ranch, 18c.
Cheese New, 10llc; Young America.
12 14c
Mlllstuffa Bran, S3031.50; middlings, 33
36.
Wool Spring, Humboldt ana Mendocino,
20 22c; South Plains and San Joaquin, 6 7c;
lambs, ftigfl 0c.
Hops 1907, l96c; contracts, fe&llc.
Hay Wheat, $1216.50; wheat and oats. $11
616; alfalfa, $014; stock, $7.50&9; straw,
per bale, 005c. y.
Fruits Apples, choice, $1.75; common, 60c;
bananas, 76c$3; Mexican limes, $U507;
Cal I fornia lemons, choice. S2.50 ; common,
$1.25: oranges, navels, $1. 26422.25; pineapples,
$1.503.60.
Potatoes Early Rose, $1.35-31.60; sweets,
$3.258.50; Oregon Burba nits, 80c$l.
Receipts Flour, 4720 quarter sacks; wheat,
60 centals; barley, 2060 centals; oats, 1086
centals; beans, 784 sacks; potatoes, 8340 sacks;
bran, 00 sacks; middlings, 22 sacks; bay, 1140
tons; wool, 5 bales; hides, 170.
Grain and Produce at New York.
NEW YORK, March 23. Flour Receipts,
24,000 barrels; exports, 14.600 barrels; dull
and easy.
Wheat Receipts, 30,000 bushels; exports,
7O.30O bushels. Spot, steady: No. 3 red, 0c
elevator and $1-00 f. o. b. afloat; No. 1
Northern Duluth, $1.13 f. o. b. afloat; No.
hard Winter, $1.11 f. o. b. afloat. With
out being active, wheat was quite steady all
day, affected by drought news from Kansas,
a large visible supply decrease and the
strength of corn. Final prices showed $c
net advance. May closed $1.01, July 00c
London Wool Sales.
LONDON. March 23. A miscellaneous selec
tion of 11,018 bales was o tiered at the wool
auction sales today. Competl tion was oc
casionally quiet and offerings were officially
withdrawn. A large supply of medium greasy
sold fairly well, but low grades were weak.
Fine merinos ruled about ss good as last
week, Cross-breds war rather easier.
OCIOB.
forth (jermanJZlotd.
Fast Express Service
PLYMOUTH CHERBOURG BREMEN 10
A. M.
Kaiser Wra H, Mar 811 Cecilia (new), Apr. 1
Kaisar d. Gr., Apr. T Kronprinx Wm. Apr 31
Twin-Screw Passenger Service
PLYMOUTH CHERBOURG BREMEN 10
A. M.
Barbarossa . ..Apr. 91 Barbarossa ...'.Mar It
Kurfuerst . ...May 1 Kurfuenrt ....Juo. 11
'Bremen direct.
Mediterranean Service
GIBRALTAR NAPLES GENOA. AT 11 A. M.
I . Irene . . . Apr. 4 k.. i.uim ....Apr. is
Friedrleh Apr. Ill K. Albert May 3
North German Lloyd Tranters' Charka.
Orlrteha Co., Areata, 5 Broadway, N. T.
Robert CapeUe, Gen'l Paolfle Ooaet Ajraat,
San Francleco, OaL
Jfamburg-jPmerican.
REGULAR SAILINGS BT STEADY
MODERN. LUXURIOUS LEVIATHANS.
Patricia Apr, 41 Pretoria . ..Jfapfl 11
Amerlka (new), Apr. tlKatserln (new). Apt S3
01taraltai.Naplea-Oenaat
Hamburg . ..Mar. 811 Hamburg...... May 34
Moltke Apr. 22 Moltke J una 3
Norway, Sweden, Boaeia. Etc
Send for Illustrated pamphlets iliilll Hlllsj
Our famous Summer cruises.
HiMBI'Kfi-AMFJUOAV THHB
808 Market Street, baa Framciaca.
and R. R. offices In Portland (asenta).
SCANDINAVIAN-AMERICAN HNS
10,000 Too Twin-Screw Passenger St missis
kJU SVC TO '
Norway, Sweden and Denmark
Sailing- from New York, at noon. ,
United States, Apr 161 Hellls 01av...May M
C. T. Tletgen, Apr 3S 1
Saloon (To and np; Second cabin, 5T.oO.
A. E. Johnson Ck, MlnaeapoUa, Minn. '
rOBXLAND H. LIGHT A rOWEB 0t
CARS LKAVE.
Ueket Office and Waltfns-Boaas,
rtrat and Alder sHreata
ruH
Oretroii City I, 6:80 A. lc, and r
crery 80 mlnutea to and Including" p.
M., tban 10. 11 P. M.; last ear 12 mid
night. tareanam. Boringr. Kasjla Greek. Kara
cada. Caxadero. iairriaw and Xroaidala
U;3 A. M.. 1:14. :5, g.14,
1:26 ' FOR VANCOUYKB.
Ticket office and waiting-room Beeead
and washing-ton streets.
A. M. 0:16, 8: JO, T:J5. 8:00, :!
8:10. 0:50. 10:30, 11:10, 11:00.
P. M. 12:30. 1:10.. 1:90. :80. 8:10,
8:60, :80, 8:10, 8:60. 0:30. 7:0ft. T:0.
8:15. 8:25. 10:83). 11:43.
On Third Monday In Erery Month tag
last Car Leave. t 1 :0g p. ag.
rally except Sunday. IDally excoat
Monde
North Pacific S. S. Co's. Steamship
itoanoke and Geo. W. Elder
Sail lor biu'eita, ban irancisou and
Loa Angeles direct every Thorsdajj
at 8 P. M. Ticket office 132 ThirJ
St., near Alder. Both phones, M,
1314. H. Young. Agent.
San Francisco and Portland Steamship Company
Fast and Commodious Steamera Only Di
rect Sailings! Only Ballings by Daylight.
From Alnsworta Dock. Portland. 4 P. K.
Rose City, March 27, April 10.
&4juitor, April S.
From Spe-ir SL , San Francisco, It A. Mt
rv-nator, March 18, April 11 26.
Hose CUy, April 4, l. May 2.
J. W. RANSOM, Dock Agent.
Phone Main 2t. Ainsworth Dock.
COOS BAY LINE
The steamer B R IB AK WATER leaves Port
land every VVedneeday at P. M. from Oak
street dock, tor Dierta stead, MarshHeJ4 asd
Cees Bay points. Freight received till e p.
M. on day of sailing, passenger fare, flrst .
class, 10; sscond-ciass. 97. including herts
and meala Inquire city ticket efflce. Third,
and Washington streets, er Oak-street deehj
WILLAMETTE RIVER ROUTE
tHeasner Femena far Salem, Independence.,
Albaar and Cor.. Ills, leaves TueedarJ
Thursday and Saturday at 8:48 A. M-
bteamer uregonia ger eeiOM sag way laad-t
nia, leaves Monday. Wednesday and rndaa
at 8:48 A. M.
CBJCCOM C1TT TBAXaroKTATION CO.
1 OOloe and !ock Feet Taylor 81 1 SOL
8-kca.i Mala gOt A AMI