It
THE MORNING OREGON"! AN, '"WEDNESDAY, MARCH 23, 1908.
BARK NOT WANTED
Eastern Trade Not Interested
in Cascara.'
ALL ARE WELL SUPPLIED
Iriiff Manufacturers Will Not Con
aider Offers at Any Price Peel
ing Will Probably Be Aban
doned This Year.
The Cascara bark market wears a very
1ck appearance and there seems no possible
chance of speculative holders getting profit
able prlres this year. Consequently they are
not in the market as buyers and If any is
jteeled It will likely go hexing.
One of the I a rice st cascara handlers In the
Northwest has been sounding the Eastern
markets and he has received a pile of most
discouraging letters for his pains. Without
xceptlon the Eastern manufacturers write
that they are well stocked with bark, and
they will not consider offers at any price.
tttll lower prices are anticipated by the drug
trade in the Kait as a result of the failure
rf the Btatlman A. Fulton Company, of New
York, whose stock of 130 tons of bark.. It is
expected, will be dumped on the New York
and Oondon markets and It Is evident that
If any of the manufacturers are short of
supplies, they are waiting until this big
quantity of bark is offered by the receivers
of the failed Arm.
At the price nominally quoted here, 3
cents a pound, there is no profit for the
peeler, and as It looks as if the market will
go lower. It is probable that but little If
any will be peeled In Oregon or Washington
this Spring. Some authorities on the sub
ject predict that even if no bark is peeled
for two years prices will have to rule low
until the big surplus la absorbed. If this is
the case, it would be well for those who
have cascara groivlng on their lands to al
low It to grow for a few years until the
market Justifies peeling.
HAN(iK IN THE LOCAL HOP TRADE.
Harry Hart Will Ajrain Conduct His Busi
ness Alone) Demand for Contracts.
A matter of much interest to hopgrowers
as well as dealers in the Northwest Is the
announcement that the partnership that ex
isted between Harry 1 Hart and T. H.
Hubbard, under the firm name of Hart &
Hubbard, has been dissolved. Mr. Hart has
been much dissatisfied with the way things
have been going and decided that In the
future he would conduct the business alone,
as he formerly did. Harry Hart has been
Identified with the Oregon and Washington
hop trade for many years as a broker and
denlrr and has built up a large business.
Contracting Is again a feature of the
h"p market, and many have been signed In
the past week, though but few have been
rirortled Prhes at;reed upon are 8 to 11
cents tn five-year and 9, I and 10 cents
on three-year contracts. A fair trade Is
under way In spot hops with most of the
Kales at 3 to A cents.
ADVANCE IN BANANAS TODAV.
Follovlng Higher Prices at Mhimlng Points,
I.onW Market ioe l'n.
At a meeting of the Wholesale Produce
Association yesterday, it was decided to put
the new banana price into effect today. Fol
lowing the higher prices charged by the
Fruit Dispatch Company, the local Jobbers
will advance their quotations H cent, mak
ing the city Trca or bananas Hhi eents and
the crated price cents per pound. Four
cars of bananas are due today.
One car each of oranges and mixed vege
tables arrived yesterday. Green truck of all
kinds cleaned up well and prices were gen
erally maintained, except on rhubarb, which
on a big shipment, declined to $2.73 per
crate. Sweet potatoes are now practically
out of lbs market.
San Francisco advices note an easier
feeling in the potato market, largely as the
result of the arrival of heavy shipments
from the North and the free marketing of
supplies In the Interior of California.
tXhii M'RPM'S BEING PITT AWAY.
Limited Storage Operations Keep Loral
Prices rnchanged.
The egg market was dull yesterday with
out change In price. What the future course
of values will be Is hard to determine, but
the dealers who were looking for a very low
market soon do not feel so .sanguine now.
Storing of eggs Is not being generally car
ried on, but some of the larger houses have
been putting away their surplus and this,
more than anything else, has kept prices
from declining.
Receipts of poultry were small, but were
equal to the demand and there was no
change in quotations.
The butter men are enjoying a first-class
business now and some of them find it diffi
cult to keep up with their orders. Some
California butter Is coming along and but
for this there would be an actual shortage
in 'the local supply. The market Is quoted
firm at last week's prices.
Decline in OUs and Gasoline.
A new price list Issued by the Standard
OH Company quotes declines In all refined
oils except headlight and Elaine, which are
unchanged. Red Crown and motor gasoline
and No. 1 engine distillate are reduced 1
rent. The new quotation on motor gasoline
Is 13 cents In iron barrels and 22 4 cents
in cowi.
1 lour Prices Are Sliuded.
The local t'.our market is very weak.
While no change has been made In the
printed lints of the mills, it is understood
that prirea are being generally shaded 13
cents a barrel.
Elgin Butter Market.
Kl-tJIN. UK. March 24. Butter, firm at
fctc. Sales for the week, 43i,0H.
$4.50 per crate; cucumbers, 2 75 per dozen;
eggplant. per pound; lettuce, head. 65c
per dozen; hothouse. l.001.25 per box;
parsley, 2"rr per dozen; peppers, 20c per
p,,und; radishes. 30c per dozen ; rhubarb,
$2.75 per crate; spinach, S5c per crate;
sprouts. lOc per pound; squash, lflc per
poulid- tomatoes. Mexican, crates, $2 2.50.
TROPICAL FRUITS Lemons. S2.30O3&O
per box; oranges, navels. $22.75; grape
fruit, bananas, H & &o per lb.; crated,
5lr; pineapples, $4 & 3-30 per dozen; tan
gerines, 1.30 per box. .
ROOT VEGETABLES Turnips, 85c per
sack; carrots, 5c per sack; beets, $1.00 per
sack; garlic, lOc per pound.
ONION'S Jobbing price, Oregons, 94 per
hundred.
POTATOES Baying price, 4063e per
hundred, delivered Portland.
DRIED FRUITS Apples. 10c per pound;
peaches, ll12&c: prunes. Italian. 5 6 Vic;
prunes. French, 3 5c; currants, unwashed,
cases, 9c; currants, washed, cases. 10c;
figs, white, fancy. 50-pound boxes, 6Kc
Bank CI wiring.
t'lparinns of the Northwestern cities yes
terday were as follows:
riearings. pa lances.
Portland 9 7M.om $ (i.lSti
Seattle l.iNit.lLM M.1.V
ruom I'.ii.N'.S it 7. .Ml
Spokane S44-OS3 SO.tilftf
rOKTLAND QVOTAT10N8.
t; m In, Hoar, Feed. Etc.
FLOUR Patent. Ji SO; straight. $100
clears, $4; Valley, $445; graham flour,
)4 45tt3; whole wheat fiour. $4.75 (F 3-3
rye tl;ur. $S.30.
WHEAT Club, e s;ic; bluest em. 84 6
C-... . VuM.i V'm h:tf" rr-A tsaiinVl.
BAULKY i'eed. $26 per ton; rolled, $28
MIl.LSTl'FKS rn. city. country.
27 per ion; niiaaunas, .iu, snorts, city.
$27; country. $2S per ton; chop. $2023 per
ton.
OATS No. 1 white. $27 (f 2H per ton.
(.fc.Kr.Aij r.fKL'o nun co oaia, cream,
pound sacks, per barrel. $7; kwer grades,
$5 5otf 0 50; oatmeal. steel-cut. 45-pound
bale; split peas, per 100 pounds, $4 23 4.80;
pearl barley. $4 50y J per 10O pounds; pastry
flour. 10-pound sacks. $2 73 per bale; fiaked
wheat. $2 73 per case.
CORN Whole. $::;150; cracked, $"4.50.
HAY Valley timothy. No 1. $17 ton;
Eastern Oregon timothy. $llttf 20; clover,
$144X13; cheat. $13; grain hay, $14 415;
alfalfa, lSvlJ.
Vethlea, Fruit. Etc.
DOMESTIC FRUITS Apples. per
hex. according to quality ; cranberries, $Sfc
11 per barrel.
FRESH VEGETABLES Artichokes, 73
WW? per dogen; asparaxus. 12Wc per pound:
beans. 2e per pound; cabbage, 4Ufrlc
per pound; cauliflower, $2 2.25; celery.
Butter. Kgg. Poultry. Etc,
BUTTER City creameries: Extra cream
ery, 30c per pound; state creameries, fancy
creameries, 20 iiOc ; store butter, choice,
ltijjl7c.
CHEESE: Oregon full cream twins, 15o;
Young America, ltfc per pound.
POULTRY Average old hens, 14 15c;
mixed chickens, 12 13c; Spring chickens,
16 20c; turkeys, live, 15 17c; dressed,
choice, 16US-0c; geese, live, per pound, 89
10c; ducks, IttiflTc; pigeons, 75c $1;
squabs. $1.5032-
KfrGS Fresh ranch, 13 16c per dozen.
VEAL 75 to 123 pounds. S(eHc; 123 to
150 pounds, 7c; 150 to 200 pounds, SOOtte.
PORK Bloca. 75 to 150 pounds, 77fcc;
packers, 5jj6c.
Hops, JVool, Hides, Etc.
HOPS 1W07, prime and choice, 495
per pound; olds, 1(4 2c per pound.
WOOL Eastern Oregon, average best, 13
l(Jc per pound, according to shrinkage;
aiiey, luaj-toc. acevrumg 10 tjuii.
MO HA IK Choice, aoo per pouno. .
OAHCAKA BARK :c per pound.
H I LKH Dry. 12U l24c; dry calf, No. 1,
under 5 lbs., l4pH5e; culls, 2c per lb, less;
salted hides, 3c; salted calf, 9c; green
(umulted). lc per lb. less; cuiia, ic p
ib. less; sheep skins, shearlings, wo. 1
butchers stock, each, 25 4tf30c; snort wooi,
'n 1 hutchers stock, eaoh. BOWtJOc; me
dium wool. No. 1 butchers stock, each. 75c
$1.00; long wool, ho. 1 butcners noes,
ah 11 M1&1.50: horse hides, salted, each.
according to size, $2.002.50; dry, accord
ing to size, each, $l.00ca1.50; colt's hides,
each, 23 4 50c; goat skins, common, each.
15 23c; Angoras, wun wooi on, eacn, ow
$1.30.
FURS ror ISO. I BKinn; near miui, m
to size, NO. 1, each. $5.00010.00; cubs,
each, $13; badger, prime, each. 25 30c;
rat. wild, with head oerfect, 80 (2) 50c; house.
5 20c : fox, common gray. large pi Ime,
each, 40 w wc rea, eacn, ty ; c jd, a-u,
$513; silver and black, each. $1000
800; fishers, each, $5S; lynx, each, $4. 500
6.00; mink, strictly No. 1. each, according
to size, $13; marten, dark northern, ac
cording to size and color, each, $10015;
marteu, pale, according to size and color,
each, $2504; muskrat, large, each, 120
15c; SkunK, eacn, jvupwc; civm jr poiocai,
earh. 5) 15c: otter, for targe, prime skin.
each, SGffflO; panther, with head and claws
perfect, eacn, Zfaa raccoon, ior prime
laree. each. 50 0 75c; wolf, mountain, with
head perfect, each, $3.5005.00; prairie
co vote), 0OcF$LOo; woiverine, eacn. $60
8.00.
Groceries. Nuta, JTCte.
RICK Southern Japan, 5c; head, 6H 0
Te; Imperial Japan. CHc.
COFFEE Mocha. 24 ji2Sc; Java, ordinary,
176 20c: Costa Rica, fancy, 18 0 20c; good.
lfi; 18c; ordinary, 12S-16c per pound. Co
lumbia roast cases, 100s, $14.50; 60s, $14.75;
Arburkle. $16.63; Lion. $15.75.
SALMON Columbia River, 1-pound tails.
$2 per dozen; 2-pound tails. $2.05; 1-pound
flats, $2.10; Alaska pink, 1-pound tails, 96c;
red, 1-pound tails. $1.43; sock eyes, 1-pound
talis. $2.
SUGAR Granulated, $5.3o; extra C, $55;
erolden C. $5.35; fruit sugar, 93.B5; berry,
$5.5; beet sugar, $3.75; cube (barrels),
$it.S3; powdered (barreln), $t.20. Terms: On
remittances within 15 days deduct Vie per
pound; If later than 15 days, and within 80
days, deduct He per pouna ; AXapie .sugar,
15 6' 18c per pound.
NUTS Walnuts, 16lSc per pound by
sack: Brazil nuts, iuc; niberts 10c; pecans,
16u; almonds. 16 0 18c, chestnuts. Ohio,
23c; peanuts, raw, 0 (ff8'c per pound
roasted. 10c; pin emits. 10 13c; hickory
nuts, 10c; cocoanuts. 90c per dozen.
SALT Granulated, $18 per ton; $2.25
j,er bale; half ground. 100s. $13.50 per ton;
00s. 914 per ton.
BEANS Small white. 4e; large white.
4Hc; pink. 4c; bayou. 4c; Lima, 6c; Mexi
can red, 6 Tie.
HONEY Fancy, $3.5003.75 - per box.
Provisions and Canned Meats.
BACON Fancy breakfast. 22Vio pound;
standard breakfast, luftc; choice, lotto
English, 11 to 14 pounds, 14c pound.
HAMS 10 to 11 pounds, 12c pound; 14
to 10 pounds, xc; It to 20 pounds. 13c
boiled, 24c.
SAUSAGE Bologna long, 8c; links, 7c
BARRELED GOODS Pork, barrels, $20;
half-barrels, $11, beef, barrels, $10; half
barrels, $5.50.
DRY SALT CURED Regular short clears
dry salt. 10c; smoked. He; clear backs.
dry salt. 10c; smoked, lie; clear bellies.
14 to 17 pounds, average, dry salt, 12ftc;
smoked, 13c; Oregon exports, dry salt,
12 'ic; smoked, 13C-
LARD Kettle rendered: Tierces, 12e,
tubs, 124c; 50s. 124c; 20s, 12Ho; 10s. 12c;
Cs, 12 aj c ; 3s, 13c ; standard pure, tierces,
lie; tubs, llc; 50s. llc; 20s, llc; 10s
1134c; 5s, 12c. Compound: Tierces, 70;
tubs. 7c; oos. 7c; 20s. 7e.
Coal OU and Gasoline.
REFINED OILS Water white, iron bar
rels. 10 c ; wood barrels, 14 c. Pearl oil.
cases, isc; head light, iron barrels, 12c;
cases. It He; wood barrels, 16 He, Eocene,
cases, 2ic. Special W. W., iron barrels,
14c; wood barrels, 18c. Elalns, cases, 2Sc.
Extra star, cases, 21c.
GASOLINE V. M. and P. Naphtha. Iron
barrels. 12 He; cases, 19 He Red Crown
gasoline, iron barrels, loHc; cases, Z2Hc
Motor gasoline, iron barrels, 15 He; cases,
22Hc; Srt gasoline, iron barrels, 30c; cases,
87 He No. 1 engine distillate. Iron bar
rels, 0c; cases, iuc.
QUOTATIONS AT 8 AN FRANCISCO.
r rices Paid for Produce in the Bay City
Market.
SAN FRANCISCO, March 24. The follow
lng prices were quoted In the produce market
today :
vegetables Garlic, 12H15c; green peas.
47c; string beans, 2ic; asparagus, 310c;
tomatoes, $1.252; eggplant, 10016c.
Poultry Roosters, old, $44.30; roosters.
young. $6.50&9; broilers, small, $33.60; broil
ers, large, $4.50tr5.50; fryers, $0.507.60; hen.
$5Si9; ducks, old, $4tSJ3; young, $5(7.
Butter Fancy creamery. 23c; creamery sec
onds, 22c; fancy dairy, 20 He.
Eggs Store. l"c; fancy ranch, 18c.
C hee se N ew, 1 1 & 1 2c ; Young A merica,
12i'14c.
Milfstuffs Bran, $3i31.50; middlings. $33
e;(5.
Wool Spring. H umboldt and Mendocino,
20tr22c; South Plains and San Joaquin. 6 7c
lambs. 6tilvc.
Har im7. lUff5V,c: contracts. Sllc.
Hay Wheat, $12&lo.50; wheat and oats. $11
ffltt; alfalfa. $14; stock, $..509; straw,
per bale, 60tf65c.
Fruits Apples, choice, $1.70; common, wc;
bananas, 75cli$3; Mexican limes, $6.5007;
Caltiornla lemons, choice, $2.50; common.
$1.25: oranges, navels. $1.232.26; pineapples,
$1 5t.uQ3.5o.
Potatoes Early Rose. $1.3501.50; sweets.
$3,234)3.50; Oregi5n Burbanks. 8ocfe?l.
Receipts Flour, 3724 quarter sacks; wheat.
615 cental; barley. 2370 centals; beans, 728
sack; potatoes. 2450 sacks; bran, 85 sack;
middlings. HO sacks; hay. 207 tons; wool, 03
bales; hides. 1130.
TAKE ON MORE LIFE
Stocks Are Traded in on a
Broader Scale.
GOOD GAINS AT THE CLOSE
Metal Market.
NEW YORK, March 24. A considerable
advance was reported In the London tin
market with spot closing at 143, and fu
tures at 14 13s. Locally the market was
firm and higher in sympathy with quota
tions rnngtn;? from 31.23c to 32c.
Copper had quite a sharp advance in the
lndon market with spot quoted at 00 12s
dd and futures at UM. The local market was
firm and higher with lake quoted at 13
13 23c; electrolytic at 13& 13.12HC. and
casting at 12.75;u 12 S7Hc.
Lead advanced lis Od to 14 5s in the
London market. Iocally the market was
steady and unchanged at 3.(H$?4c.
Spelter was unchanged at 21 2s M in
London, but ruled dull and unchanged at
4.60 ii 4.70c in the local market.
Iron was higher in the English market
with standard foundry quoted at 51s and
Cleveland warrants at 32s 4Hd. The local
market for iron was unchanged,
mvbgkq cmf shrd cmfw shrd cmfw cmfw m
Supreme Court Decision In Minne
sota and North Carolina Rate
Cases Has Good Effect
on Speculation.
NEW YORK, March 24. There waa in
creased appreciation In the financial world
today of the importance of yesterday's Su
preme Court decision at Washington against
the validity of the Minnesota and North Caro
lina railroad rate laws. The late advance
In the market yesterday waa traceable to this
influence, but not enough wns known to per
ceive the scope of the decision.
The principles laid down In the decision
are felt to provide material safeguard In a
situation which waa viewed with much so
licitude for many months past. Not only
in the force of existing laws has there been
subject for timidity on the part of capitalists
and security-holders, but still more so In the'
threat of an extension of the campaign
against corporations which would leave. In
the troubled apprehension of their owners, lit
tle chance for life. The reassert ion of the
principle that eufficiency of rates fixed by
law to enable the company to obtain some re
turn for the stockholders for thalr Invest
ments le subject to declstom by the courts as
security against a violation of constitutional
rights waa a comforting assurance to security
holders.
The special application of the decision was
seen in the marked response of certain stocks.
Consolidated Gas, for instance, has threshed
out In the state courts the 80-cent gas law
on the claim that It was confiscatory in its
effect. This company was an intervening
party in the case decided yesterday. Stocks
of railroads in some of the Southern States,
which have been most stringent in their reg
ulation of railroads, were prompt to reflect
the significance of the case. Northwestern
railroads, although they seem to have an equal
Interest in the question, were less affected.
This was undoubtedly because of the promi
nent place those stocks have held In the pre
vious advance In the market. There was,
in fact, very extensive digestion of profits
effected la the course of the day and the
price movement was. In consequence, uneven
and irregular at times.
The President's forthcoming message was
a subject of discussion among those about
the Stock Exchange professing- to know its
contents. The amendment offered by Mr.
Hepburn to the Sherman anti-trust law was
assumed to direct the course of the President's
sentiment. An amendment of the present
law so as to restrict its inhibition of agree
ments in restraint of trade to those only
which are unreasonable would be received
with gratification in the financial world and
apparently throughout the railroad world. The
Involvement of that subject with the elab
orate plan for Federal registration and ex
tended control of corporations by the Gov
ernment authorities does not awaken en
thusiasm among those having to do with the
ownership and. sale of corporation securities.
Profit-taking' took a good) deal off the top
prices la the late trading, but the market,
on the whole, showed greater breadth and
strength than for any day this year.
Bonds were firm. Total sales, par value,
$3,210,000. United States 4a declined per
cent on call.
New York Cotton Market.
NEW YORK. March 24. Cotton futures
closed steady; closing bids: March 9.42c.
April 943. May it. 33. June 9.30. July 9.53.
August 9 43. October 9.51, December 9.54.
CLOSING STOCK QUOTATIONS.
Ooen. HIch. Low.
Adams' Express
Amal Copper .... 39,6u0 59 68
Am Car & Foun. 3.7O0 33 U2
do preferred ... 100 91 H Dl1
Am Cotton Oil. . 1,300 28 28 Vi
do preferred ......... ..... ......
Am Express
Am Hd & Lt pf
American Ice .... 4,700 21 2u
Am Linseed OU.. ..... ......
do preferred .....
Am Locomotive.. 8,200 43 41
oo preierrea . . . ouu
Am Smelt & Ref. 51,7uo
do preferred- ... 400
Am Sugar Ref.... S.2O0 1274 125
Am Tobacco ctfs. 4O0 85 S4t$
An aeon aa, juin k,o. j.ouu
Atchison 10,9o0
do preferred ... 600
Atl Coast Line.... 1,700
Bait & Ohio 6,100
do preferred
Brook Rap Tran. 20,900 47 40Vi
Lanaaian racinc.
93
72
ye
3U$s
75
$5
83 Vi
93
72
95
38
74
5H
71
82
Closing
Bid.
177
30
32
94 '
28
85
190
14
21
9
1T
43
92
73
90
126
85
38
74
85
73
83
83
Central of N J...
Ches & Ohio.
Chi Gt Western.
7.70 160 . 149 150
8O0
600
31
4
Chicago & N W.. 1,900 149
31
148
31
C, M & St Paul.. 32,800 119 117 119
Chi Ter A Tran 6
do preferred 20
C, C. C & St Louis 300 49
Colo Fuel & Iron. 3,300 23
Colo & Southern.. 5,800 25
do let preferred. 1,800 56
do 2d preferred. 1,400 47
Consolidated Gas.. 7,800 111
Corn Products
do preferred . . .
Del & Hudson. . . .
Del, Lack & West
D & R Grande...
do preferred . . .
Distillers Securl..
Erie
do 1st preferred.
do 2d preferred.
General Electric.
Illinois Central ..
Int Paper -
do preferred . . .
Int Pump
do preferred
Iowa Central
do preferred . . .
K C Southern ...
do preferred .
400 13
300 63
1,100 151
600
100
S.O00
3,600
2,900
1,200
20
60
35
10
33
24
49
22
24
55
46
106
ISO
"io"
31
16
31
23
49
224
25
66
47
109
12
62
167
485
2UH
60
34
16-
22V
3.&00 129K 124 lWt,
2.200 127
1.6U0 10
1.000
2oO
2.100
4.000
900
1.800
28
72
12
33
23 Mi
63
Louis & Nashville 6,200 10 1
Mexican Central. .
Minn & 81 Louis
800
200
18
23
126
"25"
72
12
30
22
61 Vi
9SH
17
126
66
24
71
12
32
23
52
18
25
M. St P & S S M. 1.300 106 104 105
do nreferred.
Missouri Pacific. 6.200
Mo, Kan Texa. 6,700
do preferred. ...
National Lead . .
Mex Nat R R pf.
N x Central
700
7.3O0
8.600
N T. Ont & Wet 1,000
Norfolk ic v'eu.,
do preferred . . .
North American..
Pacific Mail
40
24
64
60
34
64
74
48
K3
30
23
63
68
'98
33
63
74
48
31
140
40
23
54
58
4S
'
h
63
80
48
31
i.o
100
300
2.700
Pennsylvania 28.300 118 117
PeODle's Ga 4.000 90 J 80
P, C C St Louis SoO 6 68
Pressed Steel Car 4,400 25 23
do preferred ... 600 80 79
Pullman Pal Car
Reading 179.300 106 106
do 1st preierrea.
do 2d preferred.
Republic steel ...
do preferred . . .
Rock Island Co. .
do preferred . . .
St L Southwest.
do preferred . . .
Southern Pacific.
do preferred . . .
Southern Railway.
do preferred . . .
Texas & Pacific.
Tol. St L ft West.
do preferred
6.000
4,100
8. 2O0
9,000
9O0
800
2.2O0
19
73
10
2S
14
32
76
700 111
5.100 .14
72
14
27
13
30
75
61)
24
80
152
105
88
80
19
72
16
27
13
32
76
110 110
3,600
1,300
eoo
1.600
39
17
16
14
s
16
16
37
14
3
17
16
38
Union Pacific ...141.900 128 126 127
do preierrea .....
U S Express
U 8 Realty 100 40
U S Rubber 600 22
do preferred -
TJ S Steel 109.100 S6
do preferred
16. 30O 100
V-Caro Chemical. 2.800
300
40O
800
93
17
do preferred
Wabash
do preferred
yi'aI It-tTarsn XTx ... . .
Wettlnghouse EXec' 1,500 49
VTeetern Union ... 200 5o
Wheel ft L Erie .....
Wisconsin Central. 200 15
do preferre. ... 100 39
Northern Pacific. 27. 8.0 129
Central Leather .. 4.10O 19
do preferred ... 3u0 84
o,.cv,.fTl.M ... 800 62
Gt Northern pf. 12.5O0 124 123
40
21
"is""
98
1S
92
9-
16
41
49
"io' '
39
127
1S
83
90
3
21
84
35
99
20
92
9
16
30
47
60
6
15
39
12S
16
84
M
123 V.
Inter Met
do preferred
Total
700 7 7
X.4O0 19 18 18
le. for the day. 954.900 shares.
BONDS. .
NEW YORK, March 24. Clo,in quota
tions: V. S. ref. 2s rei l0S'N T C O 3s.. 89
do coupon 104'North Pacific 3. 70
V. S. 3s re....101 North Pacific 4.-100
do coupon 101 'South Pacific 4s. 84
TJ. S. new 4s ref 120 IVnlon Pacific 4a.loo
do coupon....! 22 iWiscon cent 4s. 82
EAR
FINANCE
NO.
To Every Man and Woman With Savings:
Up to four years ago the people of America invested their savings in Wall street or in stocks created in, or
controlled by Wall street. They bought what the captains of finance told them to buy. They were not equipped
to know the worth of what they bought. The result: The people annually brought to Wall street millions of
their savings and left them there. A further result : A few score of men became possessed of fabulous wealth.
During the past four years the people' have been taught "Finance," they withdrew their savings from
Wall street. A result: Wall street had the stocks, the people the money. A further result: A deadlock be
tween Wall street and the people. This deadlock benefited no one if continued, it meant death to Wall street,
disaster to the people. That this deadlock would be broken was inevitable."
Wall street has tried its every expedient to bring back the people with their millions of savings. The people
would not come.
At the beginning of the tussle between Wall street and the people, I predicted the outcome that Wall
street would be compelled to guarantee the people a square deal for the future.
After every effort had been exhausted to bring the savings of the people into the stocks of the prosperous
industries of the people and after a violent panic bad resulted, because the people refused to further entrust
their savings to Wall street until it reformed its methods of dealing with, the people, some' of the great captains
of finance asked my advice and, upon receiving it, my co-operation.
I said to the captains of finanee:. "The people have been educated to the old game. They will not again,
blindfolded, send their hard-earned savings into your market place. If the people will not buy their flour,
their sugar or their woolens without first being shown they contain no chalk, no sand, no shoddy, why should
they buy grossly adulterated stocks or good stocks-at grossly manipulated prices? They have awakened to the
fact that they have been buying stocks, the purity, and legitimacy of the price of which should be of far greater
import to them than the quality of their food and clothing, without any real knowledge of their construction and.
consequently of their worth." .
The answer was: "Times have changed. We recognize the change. Wall street must have the people's
piled-up savings; Wall street has good goods to give the people in exchange for their savings.
"If we cannot trade with the people upon our terms, we must upon theirs.
"How can we get to them with our goods in a way which will convince them it is safe, best for themselves
to trade?
My answer was: "Publicity; there is no reason why the old-fashioned horse sense methods by which people
do all their other business should not be applied to their investments and speculations. From now on display
your stocks to them as the merchants do their soaps, shoes and clothing. Tell them what they are, tell them
honestly. Submit testers for your statements and give them a square deal."
Then I agreed to act as salesman, but upon my terms, which were that I be first actually shown the value
of the goods to be offered, and in a way that would enable me to prove the values to the people, so that they, too,
could actually know them.
My condition that I be allowed to "paw over" the goods of "the street" was conceded, and I quickly found
enough rare good ones for a test. I thereupon asked that the public be given such bargains on the first selected
lots that the people would fall over themselves to buy when they were offered. The result: t
There will be offered to the investors of America and Europe: First Millions of gold. Second Scores of
millions of copper. Third Hundreds of millions of (To be named later).
Of offers two and three I will not not now treat, that is, not until after first has been presented and bought.'
"Fair Finance 3." Tomorrow will treat in detail of gold. I will touch upon it here, with the following per
haps unusual statement: "Men and corporations of great wealth and business responsibility have been induced
to contribute 20 per cent of one of their most important investments to the public at 50 per cent of its actual
sure worth, or 25 per cent of its perhaps worth, for the purpose of proving to the public, in an unmistakable way,
that from now on the people are to get a square deal in American finance.
' ' That this offer is a most extraordinary one, and possibly only because of the remarkable conditions which sur
round finance at this time, can be seen in the light of the following:
"In 38 active years in finance, I have never known of an investment which combined safety Government bond
safety with unusual dividends or unusual profits."
In that time I have never known of any investment where large dividends were combined with sufficient
safety to justify an honest man, who really knew finance, in advising, say a woman of ordinary means, to exchange
her Government bonds or savings bank deposits for it.
In that time I have never known a sure, safe investment stock which could be bought at even 60 per cent
of its investment return worth which was allowed by the captains of finance to get by them to the public.
In this gold case. All the above heretofore unmet-with conditions surround and control the investment which
will be offered. , '
This remarkable investment, which is to be offered to the people, is really free from any hazard. It could
have been sold at any time during the past two years, and can be sold now, to Wall street itself at much more
than the price at which it is to be offered to the public. It is as safe as aiiy investment can be. It represents one
of the greatest successes of its present owners, who are in the very front rank of the world's greatest captains of
industry.
The enterprise represents an expenditure of probably the largest amount of capital, $12,000,000, and time,
three years, and successful effort ever expended by one g roup of great capitalists before allowing the public' to
participate. .
It has been impossible until these owners consented t o this offer to the public, for anyone, public or capitalists,
to secure any direct share in the property. The other four-fifths of the property, amounting to $14,000,000, which
is retained by the owners, cannot be bought, even now, by the public or anyone at even double the price at which
the public are to be allowed to come in on this one-fifth.
In other words, in my chapter tomorrow, I will demonstrate absolutely, that this remarkable offer is really
what it appears upon its face to be. An opportunity for the people to accumulate millions, and that this opportunity
is given to them solely for the purpose of most successfully inaugurating a new system of finance.
THOMAS W. LAWS0N
Boston, March 25, 1908 .
Atchison adj. 4. SftH ! Japanese 4 77
D ft R G 4 91 I
Stocks at London.
IXN"EON. March 24. Consols for money,
87 7-16; do for account, S7 V4 .
Anaconda . .
Atchison . . .
do preff . . .
Bait &f Ohi
Can Pacific.
Ches & Ohio
Chi Grt West
C. M. & S- P. 124.00
87V4IN". Y. Central. 103.50
6.50 Norflk & Wes 65 00
. 8S.00
. 84.75
.154.50
31.75
De Beers
D & R G...
do pref...
Erie
do 1st pf.
QO ifu pf . .
Grand Trunk 15.75
11 Central.. .129.50
L. A N 101.50
Mo. K. & T. . 23.75
20.25
52.23
ia.87
do pref
Ont A West
Pennsylvania,
Rand Mines.
Read In it
ISouthern Ry.
ao nrer. . . .
Pouth Pacific. 7.25
Union Pacific. ISO. 50
S3.00
34.00
60.23
4.87
54.25
14.50
38.00
do nref.
C. S. Steel..
do pref. . .
Wabash . . .
do Dref . . .
Spanish 4s.
Amal cop . .
84.00
. 36.12
.101.75
. 9.50
. 17.50
. 92.50
. 60.50
Money, Exchange, Etc.
NEW YORK, March 24. Money on call,
easy, 132 per cent; ruling rate, 2 per
cent ; closing bid 1 per cent ; offered at
2 per cent.
Time loans, quiet and steady; 60 days,
3 per cent; 90 days, 3 per cent; six
months. 44 per cent. t
Prime mercantile paper, 56 per cent.
Sterling exchange, easy, with actual bus
iness in bankers' bills at $4.85954.86 for
demand and at $4.8345&4.S350 for 00-day
bills.
Ccmmerclal bills, $4.83 4.
Bar silver, 55 He.
Mexican dollars. 47c.
Government bonds, easy; railroad bonds,
firm.
LONDON, March 24. Bar silver steady,
25 9-lCd per ounce. Money, 23 per
cent. The rate of discount in the open
market- for short bills m 2&27 per cent.
The rate of discount in the open market
for three-months' bills Is 2 per cent.
SAN FRANCISCO. March 24. Silver bars.
d5Hc; Mexican dollars. 53c; drafts, sight,
5; telegraph 7. Sterling. 60 days, S4.82;
sight. $4.S5l4.
Daily Treasury Statement.
WASHINGTON. March 24. Today's state
ment of the Treasury balances In the general
fund shows:
Available cah balances $259,957,727
Gold coin and bullion 24,008,592
Gold certificates 30.171,740
Coffee and Sugar.
NEW YORK, March 24. Coffee futures
closed net unchanged to 10 points higher;
steady. Sales were reported of 34.750 bags.
Including May at 5.705.7-5c; July, 5.75c;
August, 5-7ftc ; September, 5 80 5.85c ; Oc
tober, 3.85c ; November. 5.85c; December,
5.90c. Spot, steady; No. 7 Rio, 6c; No. 4
Santos. SeSStC. Mild coffee, dull; Cordova,
1013c.
"Sugar, firm; fair refining. 3-Srtc; centrifu
gal. iA test. 4.30c; molaswes sugar. 3-ttl-c; re
fined, steady; crushed, 6c; powdered. 5.40c;
granulated, 5.30c.
Dried Fruit at New York.
NEW YORK, March 24. The market for
evaporated apples continues steady with
rTHE UNITED STATES
NATIONAL BANK
Portland, Oregon
UNITED STATES DEPOSITORY
Capital, $500,000 Surplus and Undivided Profits, $400,000
OFFICERS
J. C AINSWORTH, President R. W. SCHMEER, Cashier
R. LEA BARNES, Vice President
A. M. WRIGHT, Ass't Cashier W. A. HOLT, Ass't Cashier
BOARD OF DIRECTORS
I. W. Hcllninn President Wells
Fargo Nevada National Bank.
S F. : Union Trust Co.. S. F.;
and Farmers & Merchants Na
tional Bank, Los Alleles.
Percy T. Morgan- President of
the California Wine ' Associa
tion. S. F.
Rufna Marlory Of the law firm
of Dolph, Mallory, Simon &
Gearin.
George K. Chamberlnln Gover
nor of Oregon.
K. I.. Mncleny President of the
Macleay Kstate Co.
R. Lea Barnes Vice-President.
J. A. Alnaworth President, also
president of the Fidelity Trust
Co. Bank, of Tacoma, Wash.
D. W. Wakefield Of the real
estate firm of Wakefield. Fries
& Co.
faAVELERJ'
SAN FRANCISCO S PORTLAND STEAMSHIP CO
Ticket Office Ainiworth Dock
FaretoSanFrancisco$5.00
INCLUDING BERTH AND MEALS
S. S. SENATOR
Sails From Ainsworth Dock March 20th, 4 P, M.
Phone Main 268
fancy quoted at 10Hllc; choice. V&
He; prime, 6 7Hc, d common to
fair. SVigBHc.
Prunes are dull and unsettled with prices
rang-tn from 4Vic , to 14c for California,
and from Gc to JOc for Orepon fruit.
Apricots are in moderate demand with
choice quoted at 18tf20c; extra choice, 19
21c, and fancy, 20&24c.
Peachee continue steady with choice quot
ed at lOCIOSc; extra -choice, llS'ltc;
fancy, 11 12c, and extra fancy, 13 6 14c
TRAVELERS' GUIDE.
WILLAMETTE RIVER ROUTE
Steamer Fomra, for Salem. Indepond.n-,.
Albany and Corvallla. Imth TuMdajt.
Tburaday and Saturday at 6:45 A. If.
Meamer Orrjonia for balam and way land
Jnga, Imvn Monday. Wodnaaday and Friday
at e-S A M.
ukcoun crrr transportation ' co-
Ofl-oa and Dock Foot Taylor Strea
Vbonm: Main m; a tut.
PORTLAND KT I.IOHT A POWEB CO.
DABS LKAYK.
Xlckei Office aad WalttBS-Boam,
First aad Aider Streets
FOR
Oregon City . 6:30 A. M . an
every ao minute to aad including- 9 P.
M.. then 10. 11 last car 12 mid
night.
Greabam. Boring. Eagle Creek. Ksfea.
eada. Caxadero, i-alrrtew and Troaulale
:!a7ll.li A it.. 1:16. SMS. 6:18.
1:20 P. M.
FOB VANCOUVER.
Ticket oflic, and waiting-room Second
and Washington (treats.
A la-6:15. 6:50. !:. 1.-00. a:SS.
a 10. :DO. 10:30. 11:10, 11:50.
p 11.-12:30. 1:10. 1:60. J:30. 1:1a,
1-60. 4:30. 5:10, 6:60. :. 1:06, 7:40.
6:16. :26. 10:351 11:461.
On Third Monday In Etcit Month lat
taet Car leaves at 9:06 P. M.
Dally except Sunday. XDally except
Honda v
CANADIAN PACIFIC
Empress Line of the Atlantic.
LESS THAN FOUR BAYSATSEA
During the Summer season, the Empreseee
aall from Quebec to Liverpool; fast and lux
urious; 900 miles in sheltered waters of the
St. lawrenee River and Uulf. Short ocean
trip Use this route and avoid seaalcltneae.
Summer sailing lists and rates now ready.
Apply to any ticket agent, or F. R. Johnson.
Pass Agt.. 142 Third St., Portland, Or.
North Pacific S. S. Co's. Steamship
koaaoxe and Geo. W. Elder
ban lur uiua, oau l'lanciaoo and
Lo Aiigeies direct every Thursday
at 8 P. M. Ticket office 132 Third
.St near Alder. Both phone, If,
1.114. H. Young. Accent
San Francisco and Portland Steamship Company
Fast and Commodious Steamer-. Only Di
rect' ballings! Only ballings by Daylight
From Ainsworth Dock, Portland. A p. M.
Rom City. March 27. April 10.
feenator, April 8.
From Hpear sit. San Francisco, 11 A- It.
Senator. March 8. April 11, 25.
Kom City, April 4, 18, May Jt.
J. W. HANSOM, Dock Asnt.
Pbone Main 2S. Ainsworth Dock.
COOS BAY LINE
The steamer BREAKWATER learea Port
land every WetfneeOMj ac 4. M. from Oak
street dock, for Muria siead, Jklarshlleid and
Ceo Bay points Freight received till 4 f.
M on day of sail lng. passenger fare, first
class, 910; second-class. 97. Including; berth
and meals. Inquire city ticket office, ThlrJ
and Washington street, or Oak -street daaJs,