THE MOIHUfG OREGONIAN. FRIDAY, MAY 1, 1908.
19
L AT 11 CENTS
Limit Dealers Are Paying for
Valley Clips.
FARMERS NOT SELLING
Trade Also Dull in Eastern Oregon
and Idaho Deadlock Between
Buyers and Sellers in
the Middle West.
The wool market continues In a very
weak condition. Local dealer are now offer
ing only 11 cents for Valley wool and are
setting but very little of It. Some shearing
is being done, but the farmers are evidently
keeping their clips at home, a arrivals are
light. Shearing le under way In parts of
Eastern Oregon, but no sales are reported
from there. The Idaho market Is also quiet.
According to advices from the East,
dealers talk very conservatively about the
new clip. Most buyers have now gone but
their Instructions call for cautious action.
Some email clips In Southern Utah are re
ported to have been sold at prices ranging
from 11 to 13 H cents. Experts placed the
scoured landed cost In Boston at about 45
cents, and consider It too high. Good wool
from the 1007 clip Is selling there at 48 to
48 cents. Unless the doadlock between buy
ers and sellers Is broken the season Is cer
tain to be a long one. It will ake decided
Improvement in the East to encourage mer
chants to buy heavily.
The most favorable features of the situa
tion are the small mill stocks, the limited
engagements In foreign primary markets of
our Importers, and the fact that the cur
tailment la the production of goods now In
progress Is preventing any serious accumula
tions of the latter. When, therofore, there is
a change for the better. It Is likely to be
quickly reflected In a fairly active demand
for both goods and wool.
The Eastern market Is closely cleaned up
of both Valley and Eastern Oregon stock.
The only sales of the week are a few small
lots of No. 2 Eastern on the scoured basis
of 50ff52c.
In territory wools the aggregate transac
tions at Boston last week were less than a
million pounds, which In normal times
would be considered a moderate amount.
The only large transfer Is that In Wyoming
wool amounting to about 500,000 pounds.
The terms are private, but It is understood
the basis is not far from 50c clean. The
wool was In the original bags. Another trade
In Wyoming wool amounts to 50,000 pounds
half-blood on the scoured basis of 62 c.
Small lots of Utah and other clothing wools,
fine and fine medium, have changed hands
at prices In the range of 14 17c, the best
selling on the scoured basis of 505&c, and
good average at 454Sc.
Business in new Arizona clips is fair, the
sales of the week totalling about 126,000
pounds at 18 20c.
BUTTER tm BE IOWEK TODAY.
City Creameries 'Will Drop Their Price to
22V4 Cents Eggs Firm.
The city creameries will drop the price
of butter today to S2M cents. There has
been no serious accumulation of supplies,
but the production Is Increasing steadily
and a readjustment of prices was deemed
necessary. Some shading of the previous
price has been going on for a day or two.
On May '1 last year the market also de
clined to 22 uj cents, but in earlier years
this figure was reached eariier on April 9,
1806; April 20, 1903, and April 29, 1004.
Last year the lowest price was 22 cents,
but In the thTee preceding years the mar
ket touched 20 cents.
Eggs were generally quoted firm on the
street yesterday with the majority of sales
at 17 Vs cents. An attempt was made to put
the market to 18 cents, but It failed.
Poultry was firm all around. Live chick
ens were in better demand, as the warm
weather does not promote the movement in
chilled stock.
HOPGB.OWERS NOT READY SELLERS
Good Demand in the Country and Much
Trading Between Denier.
Hops are changing hands at a good rate,
but a considerable part of the local busi
ness is between dealers. There is a steady
demand in the country, however, and as
growers' offerings are by no means free!
the market has assumed a much steadier
'tone. It Is no longer possible to buy 'de
cent hops easily under 8 or 4 cents and
most of the growers will talk a nickel or
nothing. A deal at 6fc cents was reported
made yesterday.
According to the Kelsonlan, the Patter
son yard at Olequa, Wash., consisting of 70
acres. Is being plowed under and the Pat
tersons will go out of the hop business.
The Bertrand yard will be cultivated this
year and unless hops are a fair price this
Fall this yard will also be plowed up.
Strawberry Market Is Firm.
The demand for strawberries is greater
than the supply and the market is very
firm. Yesterday's receipts were 3-45 crates
an they sold readily at f 2 2.25. Unless
arrivals are unexpectedly large today, the
price may be advanced. Cherries continue
alow of sale. Three cars of bananas were
received In fine condition and one car of
oranges came in.
A shipment of peas was received yester
day in poor shape, having become heated in
the sacks, and they sold lower at 5(iftt
cents. The best of the lot brought 7 8
cents. Ripe tomatoes are scarce. A car of
Bermuda onions Is due today.
Board of Trade Transactions.
Offers and sales were posted at the Board
of Trade yesterday as follows:
Offer to buy 50 cases eggs, lfitsC f. o. b.
Portland.
Offers to sell looo pounds . first-class
creamery, 23o f. o. b. ; 10 cubes creamery
butter, 2."c
Sale 25 cases eggs, 17c.
Bitnk Clearings.
Clearings of the Northwestern cities yes
terday were as follows:
Clearings. Balances.
Portland $ 787,0i $117,545
Seattle 1,015.310 18S.0O1
Tacoma 05D.MS 60,723
Spokane ' 772,2:i8 97.613
The total Portland bank clearings in April
were $2',74,S13 as compared with $32,110,
626 In the same month last year. For. the
first four months of 1908 Portland clearings
amounted to 495,875,970, and in the corre
sponding period last year the total was
fllS.133.eu8.
BOARD OF TRADE QUOTATIONS.
Grain, Hour and Feed.
WHEAT Track prices- Club. 85Sc per
bushel; red Russian, 83 84c; bluesiem 7
88c; Valley, S586c.
FLOUR Patents. 14.03 per barrel;
straights, 3.854.35; exports. 3.503 C5:
Valley, 4 43; -sai-k graham, $4.15; whole
wheat, $4.40; rye. $2.25.
BARLEY Feed, $24 per ton; rolled,
$27 a 28; brewing, $20.
OATS No. 1 white, $26.50 27 per ton;
gray, $2H
MILLSTUFFS Bran, $2d per ton; mid
dlings, $30.50; shorts, country. $2.S 50; city,
$27; wheat and barley chop, $27.50.
HAY Timothy, Wlllamotte Valley, $17
per ton; Willamette Valley, ordinary, $15;
Eastern Oregon. $17.50: mixed, $16; clover,
$14; alfalfa, $12; alfalfa meal, $20.
Fruits and Vegetables.
POTATOES Select, selling price, 70o pt?
hundred; Willamette Valley, buying -price,
45o per hundred; East Multnomah, buying
price, 55c; Clackamas, buying price. 55c per
1
hundred; new California, 44Vso per pound;
sweet, 5He per pound- .
APPLES Select. $2.50 per box; fancy, $2;
choice, $1.50; ordinary, $1.50.
ONIONS Job price. $4.755 per hundred:
buying price. $4.254.50 per hundred: Texas
Bermudas, $2.76 per crate; garlic, 250 per
pound.
FRESH FRUITS Oranges, $2-753.25 per
box; lemons, $2.75 3.75; strawberries, $2
per crate.
VEGETABLES Turnips. $1 oer sack:
carrots. $1.601.75: beets. $1.25: parsnips,
$1.25 cabbage, $2.00 per cwt. ; - tomatoes,
Florida, $3.75 4 per crate; Mexican. $2;
cauliriower. local. 257oc; head lettuce,
40c per dozen; cucumbers, $1.75 2 dozen;
celery, 83c$l per dozen; artichokes, 50e
per doz. ; asparagus. 7 8c pound; beans,
20o per pound; egg plant. 25 30c per
pound; parsley. 25c per dozen; peas. 7 So
per pound; peppers, 20c per pound; rad
ishes. 15c per dozen; rhubarb. 34o per
pound; spinach, 85c per crate.
Butter, Eggs and Poultry.
BUTTER Extras, 25c per pound: fancy,
24c; choice,, 22 ; store, 10c.
EGGS I,oss and commission off. 17
17 He per dozen.
CHEKSK Fancy cream twins. lSVic per
pound; full cream triplets, lec; full cream
Young Americas, 16c: cream brick, 20c;
Swiss blk., 20c; llmburger, 22c.
POULTRY Mixed chickens, 13o per lb.:
fancy hens, 3413c; roosters, old, 9c; fry
ers, doz., $4; broilers, doz., $i.505; dressed
poultry, per lb., lc higher.
Meats and Provisions.
DRESSED MEATS Hogs, fancy, 7V4c
per pound; ordinary. 7c; large, 5Gc; veal,
extra, 88ttc; ordinary, UtTAc; heavy, 6c;
mutton, fancy, 10c.
rIAMS Hams, 10-13 lb., 15c per pound;
14-16 lb., 14c; 18-20 lb., 14 SC.
BACON Breakfast, 1322o per pound)
picnics, 10c; cottage roll, 11c.
DRY SALT AND SMOKED Regular
short clears, smoked, 11 He per pound; un
smoked. 10c; unsalted bellies, 10-13 lbs.,
smoked. 10 13c; 10-13 lbs., unsmoked, 13c;
clear bellies, unsmoked, 13c; smoked, 14c;
shoulders, lie; pig tongues. $10.60.
LARD Kettle leaf, 10s, 129ic per pound;
6s, 12TsC; 60s, tins, 12Vic; 8. rendered, 10s,
llc; es, 1134c; compound, 10s. 8c
JOBBERS' QUOTATIONS.
Fruits and Produce.
FRESH FRUITS Grapefruit. S2.T5
8.25; tangerines, S1.50 per box; bananas,
5Vac per pound; crated, 6c; cherries, $1.60
1.75 per box; strawberriee, $22.25 per
crate.
VEGETABLES Peas, 47c per pound;
beans, 22c; asparagus, 7 8c; head lettuce,
3540c per dozen; peas, 6 8c;-rhubarb, 2
3c; eggplant. Eastern, 1620c; Coachella,
15c; California onions, $2.75 per crate.
DRIED FRUITS Apples, loo per pound-,
peaches, ll12Vic; prunes, Italian, 66ftc;
prunes, French. 3 5c; currants, unwashed,
cases, 94c; currants, washed, cases. lOo;
figs, white, fancy. 50-pound boxes, CKo.
UGGS Oregon ranch, candled, 17 fcc per
dozen..
POULTRY Fancy hens, 1414c; mixed,
13 14c; roosters. 84 10c; fryers, 2526c;
broilers, 24 25c; ducks, 17 18c; geese, 8
9c; turkeys, alive, 14 15c; dressed, 17 18a
My DO NOT WANT IT
PRODUCE DEALERS AOT LVTER
, BSTE1 IX BOARD OF TRADE. '
Gratnmen, on the Other Hand, Are
Determined to Make Their De
partment a Success.
After one month's trial it must ba ac
knowledged that the produce department of
the Portland Board of Trade U sot a suc
cess. Lack of interest on the part of a
majority of the Front-street dealers and
open opposition by others has practically
put thto feature of the exchange out of the
running. When the Board opened for busi
ness on April 1 nearly all the produce job
bers of the city attended and for a time
it looked as if the movement would be a
success. The crowd grew smaller day by
day until finally sessions were held with
out a single produce merchant being present.
At the nooa call yesterday only two Front
street men were on the floor.
Before the Board was reorganized every
produce jobber and every creamery man in
the city expressed himself as in favor of
an exchange. With only a few exception
they all came to the front and subscribed
to the Board of Trade and paid up their
first quarter's dues. Tbea they quit. All
kinds of reasons are given by the creamery
men and the wholesalers for their non-attendance.
Some profess to object to the hour
of meeting and others are opposed to includ
ing in the membership out-otf-town mer
chants on the ground that this demoralizes
the arrangements they have already made
with shippers. There is also some complaint,
though not so loudly-ex pressed, of the pub
licity given the transactions. These and
other excuses are given, but it appears very
plainly that the jobbers and creamery men
do not want an exchange, notwithstanding
their past professions, and, therefore, will
not have one.
In every other large city of the country
similar exchanges, are maintained successfully,
as their convenience and necessity are re
alized. The local Board offers all the ad
vantages that the jobbers can desire and
practically without cost, but the dealers of
Portland have been doing business so long
without an exchange that they seem to pre
fer to go along In the old way. Two or
three Front-street merchants' have stood loy
ally by the Institution from the first, but
this number cannot make an exchange. Presi
dent Town send and Secretary Muller, how
ever, have not given up hope, andwill con
tinue to work for the Board in the hope
of bringing the commission men into the fold.
A different spirit prevails in the grain
department of the Board, and it is probable
that before long the InMttutfon will be known
solely as a grain exchange. Notwithstand
ing the luke-warm support given by the big
wheat firms, the other grain, flour and feed
dealers have shown a degree of enthusiasm
in direct contrast to the lack of Interest
displayed by the produce trade. A set of
rules for the conducting of grain business
on the floor is being prepared and will be
passed upon by the grain rules committee
at a meeting this afternoon. It Is the in
tention to have everything in readiness for
the operation of business by the time the
new crop comes on the market. All the
wheat merchants of the city, he millers of
Portland and many of the outside ''cities, and
the majority of local feed dealers have
their representatives on the floor at the ses
sion each forenoon. Owing to the scarcity
of supplies at the present time not much
business Is being transacted there, but mar
ket conditions are talked over and plans
laid for future operation a
A large number of era In sample tables
have been provided for the use of the mem
bers and dally quotations of Eastern and
foreign grain markets jare posted for their
benefit.
Eastern Mining; Stock.
' LONDON. April 30. Closing quotations:
Adventure ..$ l,ti2" Quincy 81.50
Allouez j .215.25 (Shannon 11.73
Amalgamated 59. 02 Tamarack ... 68 0O
Atlantic 9.87'ITrlnlty 13 50
Bingham . . . 30.00 ICnited Copper 6.50
Ca.1 & Hecla.e::7.00 U. S. Mining.. 8S.0O
Centennial .. 21.00 V. S. Oil 22 00
i.opper itange Ui.uu L lan .,
Daly West... S.C24'Victoria
SO.OOO
2.62
3.S7V
Franklin .... 7.M) Winona
Isle Royale. . 19.00
Mass Mining. 2.75
Michigan . . . 10.30
Mohawk .... 47.50
Old Dominion 84.25
Osceola 81. OO
Parrot 19.25
Wolverine
iNorth Butte.. 57.00
lButte Coal. . . 2.00
Nevada 11 25
Cal & Arte. . .102.00
Ariz Com. . . . 1S.OO
,Greene Cananea 8. 00
NEW TORK, April 30. Closing quota
tions: Adams Con 5
Alice 237
Hreece 10
Brunswick Con. 10
Comstock Tun.. 37
Iron Silver 100
Leadville Con.. 5
Little Chief....
Ontario.
Ophir
Potosl
Savage . . . , '.
Sierra Nevada.
Smafl Hopes. . .
Standard ......
.400
.2C0
- 8
. 25
. a.-
. IS
.150
FULLS OFF
Material Declines Are Shown
in Stock Prices.
TRADING BECOMES SMALL
Disclosures of Commission-House
Methods Have bad Effect Idle
Frelghtcars Accumulate Har
rlman Cuts Down Expenses.
NEW YORK, April 30. The shrinkage of
half in the volume of today's stock market
from that of yesterday was significant of
the abatement in the demand lor stocks.
The reactionary tone, at the same time,
was more' pronounced than yesterday, most
of the day's sales being effected at prices
below the closing of the day before, the last
prices showing material declines.
It Is well understood that the disclos
ures In connection with the two latest stock
exchange failures have served to force
covering by the bears to an unushual extenL,
many lenders of stocks making peremptory
demands for their return by borrowers for
delivery against short sales. These dis
closures have had a disquieting effect on
the speculative temper also, owing to the
fears that they would discourage operations
by the general public through commission
house. The practice by a commission
house of short selling of a stock which
their customers are long on is discounten
anced, and the suggestion that some of the
recent short coveroing was of this charac
ter has caused an unpleasant impression.
The net result has been an unusual ex
haustion of the short interest, and this
was held largely accountable for the droop
ing tendency of prices today.
Of more active factors, the most Impor
tant was the rapid accumulation of idle
freighfc cars reported by the American
Railway Association's committee. The num
ber of these on April 16 815.770 is pro
nounced the greatest total in the history
of American railroading, having risen from
297,042 on March 15. when the increased
freight movement had been bringing ad
ditional cars into service, and comparing
with 843,928 on February 5, the highest
figure touched in the depression following
the panic. 6o emphatic an evidence of re
newed trade reaction did not pass unheeded
In speculative circles.
Among -the less tangible Influences In the
day's market was an impression sought to
be created that powerful banking and finan
cial Interests, which have supported the
market, had achieved the desired purpose
of Insuring the underwriting of proposed
bond issues and saw no further necessity for
fostering the rising tendency of prices.
This view obtained added force from 'the
action of new Issues on the outside market,
where they are dealt in when issued. Quo
tations for the Pennsylvania Consolidated 4
per cent bonds and the Interborough Rapid
Transit notes both reacted In that mar
ket. The statement of March earnings of the
Harriman roads gave signal evidence of
the effective measures of. economy in force,
which overreached the Fall in gross earn
ings in the case of Southern Pacific and
went tar to meet it in the case of Union
Pacific. ' Copper receded In London again.
Crop news was favorable.
Bonds were irregular. Total sales, par
value, $3,170,000. United States bonds were
unchanged on call.
OU3SINO STOCK QUOTATIONS. -
Closing
Bales. High. Low. Bid.
Aaamr Express 175
Amal Copper .... 39,600 61 694 6a
Am Car & Foun. 4,3o0 35 846 8i
do preferred 90
Am Cotton Oil... 2,300 29K 28 27
do preferred ya
Am Kxpress .. lyo
Am Hd & Li pf. 400 19 19 19
American Ico .... 1,900' 23 2214 2214
Am Linseed Oil 8.'
do preferred 23
Am Locomotive:.. 1,1)00 47 4014 4014
do preferred . . . 200 loo loo 99
Am Smelt & Ret. 29.800 7314 70 7014
do preferred ... 300 97 9014 9t
Am Sugar Kef.... 0UO 120 120 120
Am Tobacco ctfs. Soo 91 9!4 90
Anaconda Mln Co. 1,400 38 38 37
Atchison . ....... 6,900 So; 7914 7914
do preferred go.
Atl Coast Line. . . 81O S3 81 81
Bait & Ohio 1.6UO 8014 8514 8S14
do preferred ... 500 82 82 82
Brook Rap Tran.. 6,100 4714 46U 4614
Canadian Pacific. . 2,100 15014 15614 15R14
Central of N J I80
Ches & Ohio 1.100 33 83 8314
Chi Gt Western.. K 6 '4 4"i 4a?
Chicago & N W.. 2,800 152 'A 149J4 150
C. M & St Paul. 33,900 19 127 127
Chi Ter & Tran 5
do preferred 5
C, C, C & St L.. 100 67 67 66
Colo Fuel AY Iron 1.100 25"4 24 24 '4
Colo & Southern. 32,01)0 SI "4 31114 3014
do 1st preferred. 100 6614 6SI4 68..
do 2d preferred 48 '
Consolidated Gas.. 300 12014 11914 11914
Corn Products ... 1V) 14 144 14
do preferred ... IOO 6014 6S
Del & Hudson... 600 109 168 15714
Del. Lack & West 490
V & B, Grande... 10O 20 20 20
do preferred ... 2ti0 54 14 04 4 65
Distillers' Securi.. 400 32 81 34
Erie l.iKvo 18 1714 17)1
do 1st prefererd. 200 S314 33 S3
do 2d preferred '
General Electric. 100 133 133 132
Illinois Central ... 1,00 135 13 133
lnt Paper 600 10 914 914
do preferred 52'
1st Pump 2314
do preferred ... 300 70 70 00
Iowa Central ... loo 15 15 14 ij
do preferred ... . 300 3214 32 U 32
K C Southern ... 200 2214 22,4 2214
do preferred . 54 '
Louis 4 Nashville 600 104 10314 10314
Mexican Central.. 81)0 15 14 1414
Minn 4 St Louis loo 2514 2514 24 li
M. St P & S 3 M ..... 111
do preferred 120
Missouri Pacific... 1,700 4814 4514 4814
Mo, Kan & Texaa 2.B00 211'.;, 25?4 25
do preferred ... 500 68 6814 6814
National Lead ... 2,600 6814 68 6814
Mex Nat R R pf 40
N Y Central 100 1X .99 Sta
N Y. Ont & West. 200 34 33 33
Norfolk & Western 400 6514 05 05
do preferred 80
North American... 800 56 6014 6614
Pacific Mall ...... us
Pennsylvania .... 1.4n0 120 117 llt
People's Gas 400 911, 91 ii 91 '2
P, C C & St Louis 75
Pressed Steel Car 7'X) 2914 2914 ' 28 '
do preferred ... 600 S 8414 8414'
Pullman Pal Car. loo 15S , 158 169 '4
Reading 119,700 1U) 108 H
do 1st preferred S2
do 2d preferred 80
Republic Steel ... 900 1 714 17 17
d7 preferred ... 9t0 07 6614 stil4
Rotk Island Co.. 2,7K) 1574 1514 15
do preferred ... 1,400 8214 3114 31 '4
fit L & S V 2 pf. 4J 28 27 27
St L Southwestern 2u0 14 13 lit 14-
do preferred ... loo 33 3:i 32
Southern Pacific .. 3,S"0 8t!4 78
do preferred ... l'K) 115 113 114
Southern Railway. 1,300 1514 14T4 J4
do preferred . . . 700 4014 39 3
Texas & Pacific. 000 18 184 18
Tol. St L & West . 1014
do preferred ... 200 41 40 40U
Union Pacific 114.400 137 135 135
do preferred: ... 800 80 8014 80
U S Express 85
U S Realty JOO 40 40 87
U S Rubber 200 21 2014. 2014
do preferred ... 2O0 83 82 82
TJ S Steel 80,000 S14 .IS14 8514
do preferred ... 6.400 101 I0014 loo
Va-Caro Chemical 400 21 20 2014
do preferred ... 100 93'4 9.H4 U14
Wabash 300 10 1014 10
do preferred ... 200 1914 19 19
Wells-Fargo Ex 800
Westlnghouee Elec 7,3l0 65 4A 4814
Western Union ... 300 60 60 60 14
Wbl L Erie.. 400 7 6 8
Wisconsin Central 36
do preCerred ... 200 40 - 40 39
Northern Pacific.. 32.100 132 131 14 331 H
Central Leather .. 700 24H 23 23
do preferred ... 100 90 90 91
Sloss-Sheffleld 4414
Gt Northern- pf. . . 9..10O-' 127 125, 125
Inter Met 900 1014 9-4 914
do preferred ... fioo 28 27 27Vi
Utah Copper 900 29 2914 29
Total sales for the day, 580,600 shares.
BONDS.
NEW YORK. April 30. Closing quota
tions: U. S. ref. 2s reg.l03!N YOG 3s.. 80
do coupon. .. .104 INorth Pacifio 3. 7114
U. S. 3s reg. .. .100'Xorth Pacific 4s. 100
do coupon. .. .10114 South Pacific 4s. 86
U. S. new 4s reg. 1 19 'Union Pacific 4s. 10(1 14
do coupon... . It714! Wlscon Cent 4s. 83
Atchlsoa a4. 4s 87 'Japanese 4s 77
D B 4s 94 I
Stocks at London.
LONDON, April 80. Consols for money,
b7-16: do for account, 8614.
1sdda ... 7.87V41N. Y. Central. 103.50
DEMAND
Atchison
82.87 14'Norf lk "Wes 67.7S
ao prei. . . .
81. 50 do prer 8 oo
Bait & Ohio. S3 00 JOnt & West..
85.00
Can Pacific. .159.6214 'Pennsylvania.
Ches & Ohio. 34.75 IRand Mines.
01.75
6.3714
56.50
15.8714
Chi Grt West 5.25 Reading
C M. & S. P. 131.50
Southern Ry.
De Beers
10.3T4& do nrer
41.7.1
D & R a. ..
do pref. ..
Krle
do 1st pf.
21.50 iUnlon Pacific. 140.50
56.50 do pref 83.00
19.6214IU. S. Steel.... 30.8714
34.75 do pref 103.6214
24.50 Wabash 11.00
ao 2a pr.
3rand Trunk 15.25 I do pref 20.00
111 Central. . .138.00 ?panish 4s... 92.75
L & N 107.00 lAmal' Copper. 62.50
Mo. K. & T.. 27.3T14!
Money, Exchange, Etc.
NEW YORK, April 30. Money on call,
easy, 16'2 per cent; ruling rate, 1 per
cent; closing bid, 1 per cent; offered at 2
per cent.
Time loans, quiet but firm; 60 days, 214
per cent; 90 days, 2 3 ' per cent; six
months, 3 per cent.
Prime mercantile paper,' 4-414 per cent.
Sterling exchange heavy, with actual bus
iness in bankers' bills at $4.874.8705 for
demand and at $4.S4504.S456 tor 60-day
bills. Commercial bills, X4.84U.
Bar silver, 62 c.
Mexican dollars, 47c.
Government bonds, steady; railroad bonds,
Irregular.
LONDON'. April 30. Bar silver, quiet,
24 d per ounce.
Monev. 22 per cent.
The rate of discount in the open market
for short bills is 2 per cent; for three
months' bills, 2 per cent.
SAN FRANCISCO, April SO. Silver bars,
52 o.
Mexican dollars, 51o.
Drafts, sight, 2 Ho; telegraph. 00.
Sterling on London, 00 days, 4.84;
sight, 4.8T.
Dally Treasury Statement.
WASHINGTON. April SO. Today's treas
ury statement shows;
Available cash balance 1230,801,928
Gold coin and bullion 16.071,937
Gold certificates 28,952.400
PORTLAXD LIVESTOCK MARKET.
Priors Quoted Locally on Cattle, Sheep and
Hogs.
Best gTades of hogs were advanced 25
cents a hundred yesterday. Cattle were
quoted easier because of free receipts and
It is probable the to'p oft. the market has been
reached for the present. There was a gen
eral advance In calves as a result of the
stronger demand. ' Lambs were .slow and
sheep weak. Receipts yesterday were 105
cattle, 900 sheep and lambs and 135 hogs.
The following quotations were current on
livestock on the local market yesterday:
CATTLE Best steers, 5; medium, J4.50
64.75; common, t3.504; cows, best, S4;
common, $3.503.7i5; calves, $4.5O35.50.
SHEEP Best wethers, J6; ewes, 55.50;
shearlings. $1 less; Spring lambs, $66.SO.
HOGfi Best, $6.256-50; medium, J6.75
6; feeders, 5.25 5.60.
Eastern Livestock Markets.
OMAHA. April 30. Cattle Receipts. 21O0.
Steady. Native steers, $5.006.75; cows and
heifers, $3-506-00; Western steers, S3.75&
5.50; range cows and heifers, $2-754.50;
canners. $3.003.25; stockers, and feeders,
$3.005..10; calves, $3.00igf 6-00; bulls and
stags, S3.OO5.0O.
Hogs Receipts. 8000; 10c to 15o higher.
Heavy. $5.45 liy 5.55; mixed, .405.5O; light
X5.355.60; pigs, 14.0064.75; bulk, 15.40 ftf
5.50.
Sheep Receipts. 4000. Steady. Yearlings.
$5.006.15; wethers. $5.005.Sj5; ewes, $4.50
65.50; lambs, 17.00(3 7-50. ,
CHICAGO. April 30. Cattle Receipts,
6000. Steady. Beeves, $4.507.2O; Westerns,
f 3. 506 5.05; stockers and feeders, 13.50
6.60; cows and heifers, $2.406.40; calves,
4.506.20.
Hogs Receipts, 10,000; marxet, 10c mgn
er. Light, J5.4085.85: mixed. $5.355.85;
heavy, 15.30 S. 86; rough. $5.3005.50: good
to choice heavy, S3.505.85; plgs, $4.40
5.20; bulk of sales, $5.658.75.
Sheep Receipts. 17,000; market, 10c low
er. Natives. 14.70 6. IS : Western, $4,75 3
6-20; yearlings. $6.256.80; lambs, $5.75
7.40; Westerns, $5.707.50.
KANSAS CITY, April 80. Cattle Re
ceipts, 40OO; market, steady. Native steers,
$5.256.90; native cows and heifers, $3,500
6.60; stockers and feeders, $3.40(35.75; bulls,
$3.405.25: calves, $3-756.25; Western
steers, $4.506.80; Western cows, $3.50
6.25.
Hogs Receipts, 8000; market, 10c high
er. Bulk of sales, $5.505.&214 ; heavy, $5.55
5.65; packers and butchers, $5.50 5.65;
light, $5.406.65; pigs. $44.50.
Sheep Receipts. 5000; market, steady.
Muttons, $4.756.25; lambs, $67.10; range
wethers, $66.60; fed ewes, $4.5063 50.
QUOTATIONS AT SAN FRANCISCO.
Prices Paid for Produce in the Bay City
Market.
SAN FRANCISCO, April SO. The follow
ing prices were quoted in the produce mar
ket today:
Venetables Garlic. 1825c: green peas.
flli 1.25; string beans, 81214c; asparagus.
30c; tomatoes, fi.oowz.oo; egg piani, izftc.
Poultrv Roosters, old, $4 4.60: roosters,
young, $7.60 10; broilers, small, $2.503.5O;
broilers. large, $4o; fryers. $78;
hens, $4.506' 9; ducks, old. $4o; young.
$5 7.
Butter r .mcy creamery, zo c j creamery
seconds, 2214 c; fancy dairy, 21c.
Eesrs Store. 1814c: fancy ranch, 2014c.
Cheese New, 1114 12c; Young America,
1214 13 14 c
MIR:
stuffs Bran,
$31632.50;
middlings.
$33ob.
Wool Spring, Humboldt and Mendocino,
20c; Mountain, 4 8c: South plains and San
Joaquin, 8llo.
Hops New and old crops, 1147c; con
tracts, 9 12c.
Hay Wheat, $16ig20; wheat and oats,
$1619: alfalfa, $914; stock, $810; straw,
per bale. 5500c.
prults Apples, choice, $1.75; common.
00c; bananas. $3T3.50; Mexican limes,
$5.506; California lemons, choice. $2.50;
common, 75c, oranges, navels. $1.85 2.75;
pineapples, $1.506.
Potatoes Sweets, $23; Oregon Bur
banks, 85c 1.60.
Receipts Flour, 4578 quarter sacks; bar
ley, 1203 centals; oats, 580 centals; beans,
245 sacks; com. 800 centals; potatoes, 2420
sacks; bran, 315 sacks; middlings, 160
sacks; hay, 190 tons, wool, 201 bales; hides,
702.
Metal Markets.
NEW YOPK, April 30. The London tin
market lost mest of yesterday's advance
with spot closing at 142 15s and futures at
142. The local market was weak in con
sequence, with quotations ranging from
Sl.so to 31.6214c.
Copper was lower in Iondon with spot
quoted at 57 10s . and futures at
57 2s 6d. Locally the market was
dull and unchanged with 'lake quoted at
12.6214 12-8714c; electrolytic, 12.30 13.75c,
and casting at 12.25 12.50c.
Lead was 6s higher at 13 5s in London.
The local market was firm, but no further
change was reported, quotations ranging
from 4.05 to 4.10c.
Spelter was unchanged at 21 In London
and at 4.606 4.05c In the local market.
Iron was lower In 'the English market
with standard foundry quoted at 49s 3d
and Cleveland warrants at 60s 9d. The
local market was unsettled with No. 1
foundry Northern quoted at $17.50018.00;
No. 2 do $16.50 17.00; No. 1 Southern soft,
$1(1.50617.25.
Dried Fruit at New York.
NEW YORK, April 30. The market for
evaporated applies continues quiet, but
prices seem to be steadily held for the
time being. Fancy are quoted at 10c; choice,
at 7oc; prime, at 77c; common to
fair, at 0 514c.
Prunes are firm In tone, although no im
provement Is reported in the volume of
business. Quotations range from 4c to 14c
for California and from 5o to lOo for
Oregon fruit.
Apricots are freely offered with the mar
ket weak and unsettled. Choice are quoted
at 14141514c; extra choice, 15616c, and
fancy at 19 21c
Peaches are weak with choice quoted at
914c; extra choice, 10c; fancy, 101410c,
and extra fancy at 1114 12c
Raisins are dull and more or less nom
inal, with loose muscatels quoted at 59
614c; seeded raisins, 5sc; London layers,
$1.251.35.
Dairy Produce in the East.
CHICAGO. April SO. On the produce ex
change today the butter market was steady.
Creameries, 1925c; dairies, 1824c-
Eggs Steady; at mark, cases included,
14; firsts. 15c; prime firsts, 15c.
Cheese Steady, 11 12c.
NEW YORK, April SO. Butter, steady,
unchanged.
Cheese EaBy, unchanged.
Eggs Easy; fresh gathered, 16141714o.
New York Cotton Market.
NEW YORK, April 30. Cotton futures,
firm. May. 8.59c; July. 8.85c; August, 8.69c;
September, 8.60c; October, 8.64c; November,
8.04c; December, 8.67c . .
Wool at St. Louis.
iST. LOUIS. April 30. Wool, quiet. Ter
ritory and Western mediums, 18(5l9V4c; fins
medium. 1517; fine, 12 a 15a.
Portland Railway, Light
and Power Company
ONE YEAR, SIX PER CENT, GOLD -NOTES
Dated May 1, 1908 Due May . 1, 1909
, Interest payable November 1, 1908, and May 1, 1909,
at the office of SECURITY SAVINGS & TRUST COM
PANY, PORTLAND, OREGON.
COUPON NOTES OF $1000 EACH
Both Principal and Interest Payable in Gold Coin.
i
TOTAL AUTHORIZED ISSUE $250,000
Secured by deposit with the Security Savings & Trust
Company, Trustee, of $375,000. Portland Railway, Light
& Power Co. sinking fund mortgage, 5 per cent bond3.
The Ponfcland Railway, Light & Power Company has provided over one
million dollars to be expended in improvements and extensions during the
calendar year, appropriating about five hundred thousand dollars alr&ady in
the treasury, and an equal amount out of earnings, together with proceeds
of this note issue, which expenditure is found necessary in order to properly
handle the rapid growth in the company's business, occasioned by continued
increase in population and development of territory Berved.
Having already placed a substantial part of this issue of notes, we offer
the balance, subject to prior sale, at PAR AND INTEREST, and UNHESITAT
INGLY RECOMMEND THE SAME AS A VERY SAFE AND EXCEPTION
ALLY ATTRACTIVE INVESTMENT.
The notes will be ready for d&livery to purchasers at our office on and
after May 1.
Full particulars upon application.
MORRIS BROTHERS
Chamber of Commerce
FIRM BUT NERVOUS
Bullish Sentiment Prevails in
Chicago Wheat Market.
Tnn.in k-r TIIC rl nor -
STRONG AT THE CLOSE
'-.
Improved Cash Demand and Liberal
Export Sales at New Tork Cause
Sbarp Bulge Cold Weather
in ' West and Southwest.
CHICAGO. April 30. Wheat was nerv
ous, but bullish sentiment predominated.
The market was Arm early In the day
because of cold weather In the West and
Southwest and for a time the market was
strong. A sharp bulge occurred during the
day on the Improved demand for cash
wheat, and liberal sales In New Tork for
export. The close was strong. July opened
994o higher at 884 08814c. sold off to
87?c and then sxlvcnced to 89!4c. The
close was at 88.
Corn, was strong the greater part of the
day and was Influenced chleflly by wheat.
Considerable weakness developed In the
first half of the session, owing to the gen
eral selling. The close was strong. July
opened M&ttc higher at 63 c to 63 c.
sold., off to 63 Vic and then advanced to
64 He. Tdk close was at 64 He.
Oats were quiet and steady. July opened
xinchanged at 45&C advanced to 45o
and then declined to 45H. where It closed.
Provisions were firm early In the day be
cause of a 10 15c advance in live hogs.
The cloea was steady with July cork 2Vso
higher, lard 2ttc lower and ribs a shade
higher.
Leading futures ranged as follows:
"WHEAT.
Open. Hiffh. Low. Close.
May f . .WVSi .0814 !
July KSV4 .Kthk .OT .87 'J
September ... .85 .HZYt .&4 .84 j,
CORN.
May
July
September
.7'4 .T"4
.ti.r .tuv
M ,.62i
OATS.
.flfi'A
."
61
.R7H4
Mi!
.62 Va
May. eld .MU .B3'4 314 .BS4
May, new ... .C2-"i .524 .o24 .63
July, old 4 .' Vs .44
July, new ... .4 .44 .& .43
PORK.
May 13.17 33.2TV4 13.16 13.15
July 13.65 13. 5 13.n0 13.50
Eeptamber ...13.90 13.65 13.80 13.80
LARD.
May 8.40 8.45 8.3214 8.35
July 8.60 8.6H 847V4 8.55
September ... 8.80 8.85 8.70 8.72V4
SHORT RIBS.
May 6.97V4 7-67V4 6.97V, 7.00
July .: 7.27Vs 7.85 7.27V4 7.27V4
Beptember ... 7.52V4 7.00 7.60 7.05
Cash quotations wera as follows:
Flour Easy.
Wheat No. 8, 6cff$1.10; No. 2 red, 9SV4
90c
Corn No. 2, 67 94 (868c; No. 2 yellow, 681P
69c.
Osts No. 2, 6274c; No. 2 white, 6SV4o; No.
8 white. 60e2Vic.
Barley Fair to choice malting, 70ff75c.
Flax seed No. 1 Northwestern, 11.21V4.
Timothy seed Prime. $4.25.
Short ribs Sides, (loose). .707.1o.
Fork Mess, per bbl.. tl3.2013.30.
Lard Per 100 lbs.. J8.35.
Bides Short. . clear, (boxed), J7.87V401.62V4.
Receipts. Shipments.
"Flour, bbls. 28.500 90,500
Wheat, bu 22.000 lll.Sno
Corn, bu 116.200 1!9,2(0
Oats, bu 226,500 806,200
Rye, bu. l.OuO
Barley, bu 49,500 47,700
Northwestern Wheat Markets.
MINNEAPOLIS. April" 80 Wheat May,
$1.061.06Vic: July, $1.05: September,
90c; No. 1 hard. 11.10: No. 1 Northern.
t 1.08c; No. 2 Northern, $1.05 91.0614 ; No.
Northern. 98c$1.03.
DULTJTH. April 30. Wheat, No. 1 North
ern. 1.07V4: No. 2 Northern, $1.03V; May,
$1.04V4: July, $1.04; September, 0c.
' Grain and Produce at New Tork.
NEW YORK, April 30. Flouf Receipts,
11,100; exports. 6100: quiet but firm.
Wheat Receipts, 4000; spot, firmer; No.
DOWNING-HOPKINS CO.
ESTABLISHED 1893
BROKERS
STOCKS--BCNDS- - GRAIN
Bonrht and sold for eaih and on maneta.
Private Wires Rooms 201 to 204, Couch Building
I 2 red' 106fto elevator and tl-OS'He t. o. b.
I afloat: No. l Northern Duluth. $1.1T0
f afloat; No. 2 hard Winter. 1.13o
f. o. b. As a result of higher cables and
continued cold weather West, wheat ad
vanced a cent before noon today. Reacting
on liberal Argentine estimates. It recovered
again on export purchases and a good mill
ing demand, closing V4Vo net higher.
May closed $1.06; July closed 97c; Sep
tember, 92 c.
Hides, wool, hops and petroleum steady.
Grab at Son Francisco.
BAN FRANCISCO, April 30. Wheat,
Arm; barley, steady,
foot quotations:
Wheat Shipping, $1.62V4 01.65; milling,
$1.6614 1. 70.
Barley Feed, $1.38 1.42V4 ! brewing.
$1.4f.1.52'4.
Oats Red. $1.42Vi 1.55 : white, $1.52V4
1.65; grays, $1.50 1.62V4.
Call-board snles:
Wheat No trading.
"Barley May, $1.40; December, $1.32
1.33..
Corn Large, yellow, $1.6501.70.
European Grain Markets.
LONDON, April 30. Cargoes steady.
Walla Walla, prompt shipment, 3d higher,
at 36s 9d; California, prompt shipment, 3d
higher, at 87s to 87s 3d.
LIVERPOOL, April 80. Wheat July.
7s 5d: September. 7s lHd.
English country markets, partially dearer.
French country markets, steady.
Wheat ait Taooma.
TAOOMA, April 30. Wheat, steady but
unchanged. Bluestem, 86c; club, 84c; red,
82c.
Coffee and Sugar.
NEW YORK, April 30. Coffee futures
closed steady, but a net decline of 515
points. Spot quiet. No. 7 Rio. 6c; No. 4
Santos, 88Vc; mild, quiet; Cordova, 9
to 13c.
Sugar (Raw, nominal. Fair refining,
8.80c; centrifugal. 96 test, 4AHc; molasses
sugar, 3.83c. Refined, quiet; crushed, 6.20c;
powdered, 5.60c; granulated, 5.50c.
GIVES COMMITTEE WORK
Major Refers Matter to Almost For
gotten Organizatoin.
At last Mayor Lane lias recognized the
fact that there is a Council committee on
parks and public property. He officially
acknowledged the members yesterday aft
ernoon during the special Council ses
sion by referring to the newly-discovered
committee the matter of securing a suite
of rooms In the City Hall for Park Super
intendent Mischo.
When a communication from Superin
tendent Mlsche was read, in which he
asked that he be given a suite of rooms
for the office o the Park Department,
Mayor Lane was puzzled. He did not
know what to do with the matter. Clear
ly it should not he filed, for It required
action. There Is no City Hall committee
of the Council although such a committee
has a place in the Executive Board.
After studying for awhile, a happy
thought struck the Mayor. He suddenly
remembered of a committee on "parks
and public property." To that committee
he quickly referred the matter.
Scrutiny of the official leaflet of the
Council discloses the fact that there really
Is such a committee. The Mayor's old
friend, M. J. Driscpll, is chairman, too.
And this is the first Job the committee
has had for, lo, these many months.
Try to Stop Rate War.
SEATTLE, April 30. In Its effort to
stop the present rate war between the In
land Navigation Company and the Can
adian Pacific Railway Company's steam
ships, a committee of the Seattle Mer
chant's Association today conferred with
officials of the Canadian Paclflc to learn
their side of the case. Tomorrow tha
same committee will confer with Joshua
Green, president of the Inland Navigation
a.
A2237.
Company, for a statement of his com
pany's Interest In the war. Today's con
ference was with W. H. Greer, M. B. Lan
nigan, assistant traffic manager, and E.
J. Coyle, assistant general passenger
agent of thiCanftdlan Pacific
BONDS
FOR INVESTMENT
PRANK UOBKIITSON
Falling; iWilif-,
Third and Wash." Sts,
TRAVCLKKS' .Lil)K.
PORTLAND RY., LIC.IIT ft TOWER CO.
CARS LEAVE.
Ticket Office and Walting-Room.
First and Alder streets
FOR
Oregon City 4. 6:30 A. M., and every
80 minutes to and Including 9 P. M.,
then 10, 11 P. M. ; last car 12 midnight.
(iresham, Btiring, Eagle Creek, Ksta
earia. Caiudvro, l"airview and Trout
dale 7:10, U:15. 11:15 A. M., 1:15. 8:45.
6:15. 7:25 P. M.
FOR VANCOUVER.
Ticket office and waiting-room Second
and Washington streets.
A. M. 0:l.-i. 8:50. 7:25. 8:00, 8:85.
9:10. 8:50. 10:30. 11:10, 11:50.
P. M 12:30. 1:10. 1:50, 2:30. 8:10.
8:50. 4:30. 6:10. 6:50. 6:30, 7:05, 7:40,
8:15, 9:25. 10:3.'ii, ll:45t
On Third Monday In Every Month
the Last tar Leaves at 7:05 P. M.
lally except Sunday. IDally exoept
Monday.
CANADIAN PACIFIC
Empress Line of the Atlantic
LESSTHAN FOUR DAYS ATSEA
The Empresses Bail from Quebec to Liver
pool In six days; two days on the majestic
St. Lawrence. Speed, comfort, elegance and
safety are combined In these splendid ex
press steamers. Ask any ticket atront for
particulars, or write J. K. HOHXSON. Pass.
Act.. 142 Third St., Portland. Or.
North Pacific S. S. Co's. Steamship
Roanoke and Geo. VV. Elder
Sail for Eureka, San Francisco and
Los Angeles direct every Thursday
at 8 P. M. Ticket office 132 Third
St., near Alder. Both phones, M.
1314. H. Young, Agent.
BAN FRANCISCO rORTLANO 8. B. CO.
Only LMrect steamers and Dayllsht Sailings.
From Alusworth Dock. Portland. 9 A. at.
B. S." Senator. May t.
b. 8. Ruse City, May 9, 23, June 6.
From Spear St.. San Francisco, 11 A. M.
6. S. Rone City, May 2. 16, 30.
8. H. STATU Ui" CALIFORNIA, tSaf 9,
23, June 6.
J. W. RANSOM, Dock Agent.
Mln 20S Ainsworth Dock.
M. J. KOCUE, Ticket Agent. 142 3d Bt.
Phones Main 402. A 1402.
COOS BAY LINE
The steamer BREAKWATER leaves Port
land every Wednesday at 8 P. M. from Oak
street dock, for Ariorth fiend, Marshneld audi
Coos Bay points. Freight received till 4 P.
M. on day of sailing. Passenger tars first
class, $10; sscond-ciass, $7, including berth,
and meals. Inquire city ticket office. Third
and "WashlOKtoB streets, or Oak-street dock.
Telephone MSI