Morning Oregonian. (Portland, Or.) 1861-1937, May 21, 1908, Image 17

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Morning Oregonian., May 21, 1908, Page 17, Image 17

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Newspaper Page TextTHE MORNING OKEGONIAN, THURSDAY, MAY 21, 1908. 17 E Eastern Markets Affected by Coast Crop Reports. POOR OUTLOOK IN SOUTH Foreign Demand Opens Up for Spot j Prunes Slow Buying in Local Market Strawberry Ke cefpts Are Insufficient. While the Eastern market for spot Italian prunes continues slow, according to the latest mail advices, there has been some stiffening in the market for old California prunes as a result of the poor outlook for the current season's crop. With normal busi ness conditions, both Oregon and California prunes would doubtless be much higher. It Is now said the damage to the California crop has been much greater than was at first believed. It is estimated by some au thorities that the output of the Santa Clara Valley, the great prune growing center of California, will not exceed 10,000,000 pounds, which is about 10 per cent of a normal season's yield for that section. While this may be exaggerated, the report has, nevertheless, stiffened the vws of holders in the East- The demand for spot goods In New York, while not active, is increasing as prunes are one of the cheapest of food products now on the market, and the neces sity for exercising economy in purchases In clines consumers more and, more to such relatively cheap commodities. Greater interest Is being shown in futures though as yet It Is confined to inquiries for prices on the new crop. Packers as a rule are reluctant to commit themselves to defi nite quotations, but In some quarters busi ness could be done on a 4c f. o. b. Coast bag basis for Santa Claras and 3 flic f. o. b. base for outside fruit. These prices, how ever, seem to be above the views of buyers, but It is reported that exporters are show ing a willingness to meet the Ideas of pack ers. Sales for Europe on 3c f. o. b. Coast ffasls are reported. The last stock report Issued by the London Dried Fruit As sociation showed a very heavy shrinkage In the supply carried there, as compared with that at the same time last year. On April 30 the stock of California prunes In London warehouses was 2O.0.14 boxes, against 62.441 boxes at the same time in 1907. STROXO EXPORT DEMAND KOR HOPS J-oreign Buyers Alw Operating in California and New Yorv. Business in the local hop market Is on a small scale. Buyers and sellers are apart In their views and as yet show no disposi tion, to come together. In the meantime the dealers are busy getting their recent pur chases off and welcome the breathing spell. According to advices received from Cali fornia, the. market there has likewise been active as a result of the export demand. The representative of a New York house purchased about l.MM) bales of Sacramentos at 4 4 4 'cents cars, and there is an unconfirmed rumor that 8 cents was paid for a' small lot of Sonomas. There has also been export buying In New York State re cently, where 600 to 700 ttaies have been picked up quietly at prices ranging from 6 to 11 cents to the grower. LKiHT LOCAL ARRIVALS OF XXKiS With a Good Demand Market Has an Vp wwd Tendency. Eggs are very firm under continued light receipts. Offers to bay 50 cases at IS cents and to sell 100 cases at 19 cents were posted at the Board of Trade yesterday. On the street the general quotation on candled stock was 19 cents, with a few dealers hold ing at 20 cents. Poultry arrivals -were larger than usual, but the market held steady. Butter cleans up promptly at the recent advance and the tone of the market, eo far as the city creameries are concerned. Is firm. Steady conditions prevail on Front street. There was no further change In the cheese situation, which is weak as a result of large local stocks and a subsidence of the shipping demand. LOCAL RECEIPTS OF PRODUCE. Board of Trade Statistics Hereafter Will Be Available to Members Only ob Floor. Produce receipts for the 24 hours ending at 11 A M. yesterday were reported by the Board of Trade aa follows: 2 boxes aspara gus, 4 sacks beans, 3 beeves, 1 12 boxes butter, 1 box clams, 2 boxes cabbage. 65 cases cheese, 68 boxes cherries, 80 coops chickens, 6&1 gallons cream, 7 boxes crabs, 248 cases eggs, 1 case eggplant, 2 boxes crawfish, 50 boxea flsh, 8 boxes gooseberries, . 109 hogs, 151 boxes lemons, 168 gallons milk, 25 muttons, 8 sacks oysters, 1 box oranges, 213 sacks onions, 84 sacks peas, 165 sacks potatoes, 4 boxes dressed poultry, 17 boxes rhubarb, 504 crates California straw berries, 66 crates Oregon strawberries, 164 veals, its boxes vegetables, 153 boxes honey. The officials of the Board have decided that in the future the miscellaneous produce receipts will be available to members only on the floor. STRAWBERRY RECEIPTS INSUFFICIENT Market Cleans Up Promptly at Firmer V Price. Strawberry receipts were lighter ' than usual yesterday and the market was very firm. Only Co" crates of Oregon berries came In and they cleaned up quickly at 15 17 Ho per poaind. Receipts from Florin were 504 crates, Jessies sold at $1.401.50 and Dollar berries at $1. 60 1.75, Three cars of bananas and one car of navel oranges arrived. Express shipments of California cantaloupes will be along in a week or ten days. Brawley shipped its first crate of cantaloupes to Chicago May 14. Vegetables were in good supply, the de mand was active and prices were generally steady. P E N I LETON READY FOR WOOL SALES Outlook. 1m Not Promising from Sellers' Point of View. PKNDLETON, Or May 20. (Special.) TVltn approximately 2,000.000 pounds of the finest wool ever jrrown in Eastern Oregon offered lor sale, the wool-selling season will be opened m this city Monday, May 20. At prseent the outlook is not very promis ing from the sellers' standpoint, but hope o better prices has not yet been abandoned. It looks now "as if there would be only the usual number of buyers here and these all declare they cannot pay anything like former prices. Flock owners are still hoping, however, that the Idaho buyers will again Invade this market and cause the regulars to bid up. Last season a number of Idaho buyers happened In a few days before the sa'.es dates with the result that the market was sprung all the way from 1 to cnts per pound. Without exception the quality and staple of this year's clip is better than that of sny former year. in addition to the fact t:,at the hocks are of better grade, the sea son has been perfect for the proper devel opment of the fleece. There have been no sales made in this virinity this season and the only one re ported In Eastern Oregon was the one made at Heppntr Junction last week when the Le Yops clip of 1J.(KN pounds was purchased by the Dalles Scouring Mills Company at 10 cents. Steady Inquiry for Wheat. There Is still a steady demand for wheat for shipment to California, but quotations have mt been raised above i)2 cents for blue- S FIRMER tem and S9 cents for club and some buyers are Quoting & cent under these prices. There Is a little Inquiry- by some of the local mills for strictly choice bluestem In small lots, for which a high as t" cents has been offered. Th'e California demand for oats has about subsided and local prices are no more than steady. barp Decline in Condensed Cream. A reduction of 40 cents per case In con densed cream, announced by one of the Coast companies, was the only development of importance in the grocery trade yester day. This sharp decline is expected to start price cutting: by other condensing Interests. Bank Clearings. Clearinps of the Northwestern cities yes terday were as follows: Clearings. Balances. Portland . S 0;,7i9 $110,214 Seattle lt2:2.0iKt 19S.0; Tacoma H4.O.t7 4K.074 Spokane , S2,Sl0 79,415 BOARD OF TRADE QUOTATIONS. tiraln. J-lour and Feed. W H EAT Track prices : Club, S9c per bushel; red Russian, $7c; bluestem, 91c; Valley, Sftc. FLOUR Patents. - S4.65 per barrel; straights. $3.83 4.35 ; exports, $3.70; Valley, $4.4r; i -Back graham. $4.15; whoel wheat, $4.40; rye, $5.25. BARLEY Feed, $25.50 per ton; rolled, $27&ilS; brewing, $J6. OATS No. l white, $27.50 per ton; gray, 27. MILLSTUFFS Bran. $25 per ton; mid dlings, $30.50; shorts, country, 2S50; city, $27.50; wheat and barley chop. $27.50. HAY Timothy. Willamette Valley, $17 pei ton; Willamette Valley, ordinary, $15; Eastern Oregon, $18.50; mixed, $16; clover, $14; alfalfa. $12; alfalfa meal. $20. Meats and Provisions.. DRESSED MEATS Hogs, fancy, 884J per pound; ordinary, 7&7c; large, 6c; veal, extra, 8c; ordinary, 7c; heavy, 6c; mutton, fancy, 10c. HAMS Hams, 10-13 lb., 15c per pound; 14-16 lb.. 144c; 18-20 lb., 14VsC. BACON Breakfast. 1522c per pound: picnics, 10c; cottage roll, 11c. CRY SALT AND SMOKED Regulai short clears, smoked, HHc per pound; un smoked, 10c; un sal ted bellies, 10-13 lbs., smoked, 10 13c; 10-13 lbs., un smoked, 13c; clwar bellies, unsraoked. 13c: smoked. 14c; shoulders, lie; pig tongues $1950. LARD Kettle 'leaf, 10s. 12c per pound; 6s, 12 lie; 50s, tins, 124c; S. rendered, AOs, Ufec; 5, 11 c; compound, 10s. bfcc Fruits and Vegetables. APPLES Select, $2.50 per box; fancy, $2; choice. $1.50 : ordinary, $1.25. POTATOES Select, selling price, 75c per hundred; Willamette Valley buying price. 50 i t."c per hundred; East Multnomah, buying price, 55(&70c; Clackamas, buying price, 5-5 tg70c per hundred; new California, 314c per pouna; sweei. otc per pound. FRBSH FRUITS Oranges, fancy, $3 25 3.75; choice, $2.5003.25; lemons. $3,7544; strawberries, California, 1.40 1.75 per roiB, vregun, idn ,1 C per pouna; grape iruit,. $z. io(g4.'Zo per box; bananas, 6 6c per oound; cherries. $101.25 ner box. ONIONS California red, $2.5002.75 per sack; Bermudas, $2.25 per crate; garlic, 250 per pound. VEGETABLES Turnips, $1.50 per sack; carrots, $1.501.75: beets. $1.25: parsnips. fi to: cabbage, 51. ton 2 per cwt; beans, wax, 7(g.Sc per pound; head lettuce, 12c per dozen ; cucumbers. uO 87-c doz"n ; celery. $.ic per dozen ; asparagus, $1.5i per box ; egg plant, 20c per pound; parsley, 2oc per dozen; p?as, 67c per pound; peppers, 2 Ue per pound: radishes. 15c ner dozen: rhubarb, 3c per pound; spinach, 3c per pound, crate. Batter, Eggs and Poultry. BUTTER Extras, 25c per pound; fancy 24c: choice, 20c; store. IGc. EGGS Candled, 10f2oc per dozen; un candied. lSUc per dozen. CHEESE Fancy cream twins, 13c per pouna; mil cream Triplets, 13c; run cream Young Americas, 14&14c; cream brick, 20c; Swiss blk., 20c; iimburger, 22V-C. POULTRY Mixed chickens, 14&14&o lb.; fancy hens, 14 Mi (i 15c; roosters, 10c; fryers. 25c; broilers. 2o; duckt, old, 17 18c; Spring, 2Ti 25c; geese, 89c: turkeys, alive, 16lSc for hens, UlGc for gobblers; aresseu, I7tfic JOBBERS' QUOTATIONS. Groceries, Nuts, Etc. DRIED FRUITS Apples, 10a ner pound peaches, lltalVc; prunes. Italian. G6q; prunes, French. 3 5c; currants, unwashed, cases, 64 c; currants, washed, cases, 10c; Des. white, fancy, oi)-pound boxes. 044a COFFEE Mocha, 24 28c; Java, ordinary 17 ii 20c; Costa Rica, fancy, 18 & 20c ; good io o isc; orai nary, it& ioc per pouna; Ar buckle, $10.50; Lion, $15.88. RICE Southern Japan, Sc; head, 6tt 7c; Imperial Japan. 6 'Ac. SALMON Columbia River, 1-pound tails, $2 per dozen; 2-pound talis, $2.95; 1-pound flats, $2.10; Alaska pink, 1-pound tails. 5c; red, 1-pound tails, $1.45; sockeyes, 1-pound tails. $2. SUGAR Granulated, $6.45; extra C, $5.05; golden C, $5.85; fruit and berry sugar, $$.45; plain bag. $G.35; beet granulated, $025; cube (barrels), $6-85; powdered tbar rels), $6.70. 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 18c per pound. NL'TS Walnuts, lSlSc per pound by sack; itrazil nuts, 10c; filberts, 10c; pecans. Hie; almonds, 104 lSc; chestnuts, Ohio, 20c; peanuts,- raw, 68Hc per pound; roasted, 10c; pinenuts, l0tg12c; hickory nuts, 10c; cocoanuts, 90 c per dozen. SALT Granulated, $IS per ton; $2.25 per bale; half ground, 100b, $1 per ten; 50s, $11.50 per ton. BEANS Small white, 4.75c; large white, 4.75c : pink, 3.S5c; bayou, 3-S5c; Lima, Cc; Mexican red. 4 Vac. HONEY Fancy, $3.503.73 per box. CEREAL FOODS Rolled oat, cream, 90 pound sacks, per barrel. $7; lower grades, $.506.50; oatmeal, steel-cut, 40-pound sacks. $8 per barrel; 9-lb. sacks, $4.25 per bale; spilt peas, per 1O0 pounds, $4. 25&p4. 80; pearl barley, $4.503 per 100 lbs; pastry flour., 10-pound sacks, $2.75 per bale; flaked wheat, $2. 75 per case. Coal Oil and Gasoline. REFINED OILS Water white, Iron bar rels, lOVzc; wood barrels, Pearl oil, cases, 18c ; head light, iron barrels, 12 hk c ; cases, ly V.c; wood barrels, Itffto. Eocene, cases, -21c Special W. W., iron barrels, 14c; wood barrels, ISc Eialns. cases. 2dc Extra star, cases, 21c. Q ASOL1 N E V. M. and P. naphtha. Iron barrels, l21sc; cases, 19 Vic. Red Crown gasoline, iron barrels. 10c; cases, 22Vic; motor gasoline, iron barrels. 15 Vsc; cases, 22Vsc; 80 gasoline. Iron barrels, 30c; cases, ST Vic; No. 1 engine distillate. Iron barrels, 9c; cases, 16c Fresh Fish and Shell Fish. FRESH FISH Halibut, 6c per pound; black cod, fcc; black bass, 20c; striped bass, 13c ; herrings. 5 Vc ; flounders. Oc; cat neb., lVo; shrimp, 10c; perch, 7c; sturgeon. 12c; sea (rout. 15c; torn cod, lOc; salmon, 10; shad, iHsc. CLAMS Little neck, $2-50 per box; razor clams, $a per box. OYSTERS Shoal water Bay. per gallon. $2.-5; per sack, $4.50; Toke point, $l.tiO per 10O; Olympla (120 pounds). $0; Olympia, per gallon. $2.25. Lumber. ROUGH Dimensions, 2x4 to 14x14 to 32 feet. $10; 34 to 0. $11; 42 to 50. $13; 52- to 00, $ltl; lxS to 1x12 rough, $11; 2x3 to 2x13, lncl., 10 to 24 sized random, $10; 1x4 com. sis, $10; lx-S com. sis., $11; cull, 1x6 and wider, sis.. $7; cull. 1x4, sis., $0; cull, 2x4 to 2x12 sized, $7; ship lap, com., $12; cedar, com. rough, $12. FLOORING 1x4. No. 1 V. G., $27; No. 2 V. G i2; No. 3, $14: No. 2 slash, $1S; 1x6 slash. $1S; 1U inch flooring, $4 extra. RUSTIC 1x0 and 1x8 No. 1. $25; No. 2 V or chan., $18; No. 2 special pattern, $20; No. 3. all patterns. $14. CEILING 1x4 and 1x0 No. 1, $25; No. 2, $18; No. 3. $12; 1x3 No. 2, $10; No. 3, $12; B-lnch, $2 less. FINISH Up to 12-inch, No. 1, $26; No. 2, $20: No- 3. $14. STEPPING Up to 12-lnch4 No. 1, $32; No. 2, $28: No. 3, $15. LATH IH-inch, $2: -inch, $1.75. MOULDINGS 2 Inches wide and under, per linear foot, fee; over 2 inches In width, pet linear foot, each Inch In width, c. DOOR JAMBS, casings, etc., $10. Surfacing $1 extra. European Grain Market. - LONDON, May 20. Cargoes, firmer; quo tations, nominal. Walla Walla, prompt ship meat, 57s tid; California, prompt shipment, as. LIVERPOOL. May 20. Wheat. May. nom inal; July, 7s 7fcd; September, 7s, 3lBd. Wool at St. Louis. PT. LOU 1, M a y 20. Wool, dull; terri tory and Western mediums, 12 15c; fine mediums, 10 4f 15c; fine, i)llc. Wheat at Tacoma. TACOMA, May 20. Wheat, unchanged. Bluestem, S9c; club, S7c; red, 65c CHANGES ARE SHARP Violent Fluctuations in the Stock Market. BY 'BOLD MANIPULATORS Sensational Advance in Missouri Pa cific on Rumors of New Alliances for the Gould Roads Clos ing Tone Is Strong. NEW YORK, May 20. The violent and feverish action of today's stock market served to confuse greatly the views of the speculative element, and in consequence served to Intimidate the less powerful class of operators who saw prices moving in mer curial fashion apparently ai the will of hidden forces. That operators of powerful resources were using violent manipulative measures to effect the wide and sudden fluc tuations in prices was patent, even to super ficial observers. The early part of the day was given over to a laborious repair process of the Inroads on. prices effected yesterday and early today. The sensational advance in Missouri Pacific and the response by sympathy of the whole Gould group, was the effective medium for supporting prices during the day toward a rally. Mysterious allusions to new alliances for the Gould railroad enterprises, involving financial support from the wealthiest Indi vidual American capitalists, made up the motive power of this movement. Efforts to secure authentic confirmation or denial of these rumors were fruitless and the news to account for the break in prices was of a similarly shadowy kind. Last prices were generally below those of last night, but the closing tone was strong and at substantial recoveries from the lowest prices of the day. Bonds were easy. Total sales, par value, $3,440,000. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing. Sales. High. Low. Bid. Adnme Etxpreas : . . . . 181 Amal Copper 61,100 67 OTi t4 Am Car & Foun.. l.tHXJ 37 30 36 do preferred 97 Am Cotton Oil.., 2,300 31 30 30 do preferred K0 Am Express 200 Am Hd & Lt pf.. 1O0 19 10 18 American Ice .... 1,000 27 2U4 26' Am Linseed Oil.. 400 11 11 . 10 do preferred - 24 Am Locomotive.. 2,700 60 40 4y do preferred- 300 108 loa 102 Am Smelt & Ref 121,700 73 t 70 do preferred.... 2.000 7 tw 0i Am Sugar Kef... 2.0O0 130 128 129 Am Tobacco ctfs. 2O0 8tf il Ul Anaconda Min Co 10,500 46 42 43 Atchison 10,34iO 83 So v 82 do preferred.... ttoO H2 92 92 Atl Coast Line.. 1,200 92 91 91 Bait & Ohio 7,000 92 90 90 do preferred ..... ..... 87 Brook Hap Tran 22.000 52 49 50 Can sPac 3,200 159 157 1NK Central of N. J. 188 Ches & Ohio 24,800 45 42 45 "h I Gt Western . . 1 , 7oo 7 6 0 Chi & N. W 6,000 150 153 163 C. M. & St. P GG.5O0 136 134 130 Chi Ter & Tran 10 do preferred 25 C. C. C. & St L 59 Col Fuel & iron. 8.8'H) 31 38 3 Cal & Southern.. 1,9"0 31 31 31 do let pref 200 69 59 59 do 2d pref 49 Consolidated Gas. v&GO 027 121 126 Corn Products .. 100 10 10 10 do preferred. ... 2O0 71 71 70 Del & Hudson.... 7o0 104 102 102 Del, Lack & West 640 D &'R Grande.. 27 26 26 do preferred.... 2u0 07 &" til Distillers' Securl. 2.WK) 3 36 25 Erie 33.8(X 23 21 21 do let pref 5,WK 41 .19 41 do 2d pref 2,000 30 9 29 Gen Electric .... 1.6O0 140 139 136 do preferred.... 800 59 67 07 Illinois Central., l.loo 141 13 . 1C9 Int raper 300 11 10 10 do preferred-. . . . tHM E9 57 57 Int Pump 100 22 22 22H do preferred.... 100 72 72 72 Iowa Central 600 - 18 17 17 do preferred. ... "0 30 36 ' 34 do preferred .... 460 67 50 U 5ti Louis & Nashville 1,200 109 108 ns Mexican" Cen l,2iK 16 16 16 JUin AC Dl JjOUIB .. Jl M, St P & 8 S M, 200 112 112 112 ao preierreo j;it Missouri Pacific.. 49,600 64 5S 61 Mo, Kan & Tex.. 12.SO0 30 29 , 29 do preferred .... TOO 62 y. v 14 6i a- National Lead .. 9,0tM) 61 61 64 X Y Central .... 4,000 106 104 105 NT, Ont & Weet. 3.0OO 41 39 40 jtorioiK vesx.. i.-'w 41 J yj 0 do preferred 80 North American. 1.90O 60 69 69 Pacific Mail .... 1,900 29 27 27 Pennsylvania .... 82,600 122 120 121 People's Gas .... 9u0 93 91 92 P. C C & SL.L 74 Pressed Steel Car 1 . 1 00 29 28 2R 00 preienta .... ts Pullman Pal Car 100 159 159 158 Reading- 224,100 117 116 114 do 1st pref 8 do 2d pref S"ti Be publ 1c Steel ... . 1 , 400 1 9 1 8 18 do preferred 2.4O0 70 69 4 69 Bock Island Co.. 3,9oO 18 17 18 do preferred 6.00O 38 36 37 St L & S P 2 pf 4K 32 31 30 St L Southwestern 400 . 16 16 16 ao prezerrea. . . . w o Southern Jae 65.200 8 85 86 do preferred l.OOO 119M. lli. 119 Southern Railway 8.9u0 18 4 17 17 d o preferred 6 10 46 46 46 ifxas f&O ,IOO . Z i4 , 24 101, M L West .JW 4 JH do preferred. . . . 600 46 45 44 Union Pacific . . .272,000 10 146 147 ao preierreo.,.. iw o-i V U S Express S5 U S Realty 47 u o rtirouer ..... i,w 'jfe ' do preferred 500 93 92 93 V S Steel 133.100 38 37 : do preferred 5,9oO 1U1 102 lo2 va-uaro 5nmicaa - -? do preferred 7fl 99 98 U 98 Wabash 900 13 yw. i8T4 do preferred 6,900 27 25 25 vteus-rirgo xux ss Westtnghouse Elec 1.600 63 60 51U Western Union... feOO 59 58 6fi W heel ft L ri 400 lo 9 9 wis jenrrai lo-j is iv!i do preferred-. . . 42 .sarrnern rac. . . itti y& itb ! Central Leather.. 1.400 26 26 25 do preferred.... 20 95 96 1 94 biosip-&nenieia ... r" jreei isortnern.. jv.swi i.'i xcnj 130 Int Met 1.700 11 11 1114 do preferred 2JOD 31 29 29 Utah Copper ... 4.4'0 32 T.1 31 Tennessee Copper. 600 37 36 3G Total sales for the day, 1,412,300 shares. BONDS. NEW YORK, .May 20. Closing quotations U. S. ref. 2s reg.!03!N T C G 3s...(M do coupon. .. .103. 'North Pacific ss. 75 X. S. 2a reg.... 100 North Kacific 4s. 101 ao coupon. ... nru aoum h'acinc 49. Jvi U. S. new 4s reg.120 :union Pacific 4s. 101 do coupon. ... 122 iWlscon Cent 4s. 8.1 Atchison adj. 4s m Japanese 4s 75 XJ OE . . . . ( Storks at London. LONDON", May 20. Consols for money, S6 3-16; do for account,-80 . Anaconda ... 9 00 Mo. K. & T.. N Y. Central 30.62I Atchison . 84.75 do pref 95.50 Bait & Ohio. 94.00 Can Pacific. .163.12 Ches a. Ohio. 44.25 Chi Grt West 7.50 C M- & S. P.14O.50 De Beers 10.62 D & R G 27.00 do pref.... 69.50 Erie 23.25 do 1st pf.. 43.00 do 2d pf . . S0.OO Grand Trunk 17.75 III Central.. .145.00 L. & N 145.00 L & X 112-.0 Norfik & we 73.00 ao pref Ont & West.. Pennsylvania. Rand Minos. . S3.no 41.60 62.75 512 Heading Southern Ry . . do nref 18.12 48.00 84.50 151.50 80.00 ISouth Pacific. L mon Pacific ao pref. . . . V. S. Steel... 104.S7 vv abash 1.1. ,XJ 2S.O0 do nref . . Spanish 4s. . . Amal Copper. 92.H2 Money, Kx change. Etc. NEW YORK, May 20. Prime mercantile paper 3 4 per cent. Sterling exchange steady, with actual Business in banners- on is at 94.8740 for de mand and at S4.8535 for 60-aay bills. Com mercial bills, f4.84. Bar silver, 53c. Mexican dollars. 47c. Bonds Government steady, railroad easy. Money on call easy. Ham per cent ruling rate, 1 per cent ; closing bid, 1 per cent: onrerea at 14 per cent. Time loans firm and quiet; 6$ days. 2 per cent; vv aaya, a per ceni; six montns. per cent. LONDON, May 20. Bar silver, steady 24d per ounce. Money. 13?1 per cent. The rate of discount In the open market for short bills Is 2"2 1-1 per cent; for three months" bills, 2&2 1-16 per cent. SAX FRANCISCO, May 20. Silver bars. 531 c. Mexican dollars, nominal. Drafts, sight, "He; telegraph. 10c. 1 Sterling on London, 60 days, $4.85; sight, 14.87. Dally Treasury Statement. WASHINGTON, May 20. Today's state ment of the Treasury balances in the gen eral fund shows: Available cash balance $242,11,046 Gold coin and bullion... 12.754.176 Gold certificates . . 29,24,050 PORTLAND LIVESTOCK MARKET. Price Quoted Locally on Cattle,. Sheep and Hogs. Sheep prices were cut yesterday because nf th -weakened condition of the market. Arrivals have been very heavy for several weeks and proved to be more than could be readily absorbed at the lately current prices. Lambs also declined, a good deal of Inferior stock in this line having lately come In. Cattle continue rainy strong ana nogs bold at steady rates. Calves were quoted lightly lower. The following ouotatlnns were current on livestock in the local market yesterday: Cattle Best steers. o; medium, 4.-''a' 4 ?." ; com mon, $ 3.50 4 ; cows, best . 1 4 'ffl 4.25; common, $3-503.75; calves, $4.50& 5.00. Sheep Best sheared wethers, $3.754.25; mixed, $3.503.7o; Spring lambs, $5. Hog-iest, so ffftJ.zo , meaiums, so. t a iy 6.00. Eastern livestock Markets. OMAHA. May 20. Cattle Receipts. 4OO0. Native steers. $4.757; cows and heifers. $3.256.10; Western steers, $3.505.75; Tex ans. $2.75(5)5.25; stocKers ana reeaers, 5.25: calves, $3. 25 6. 25; bulls and stags, $3 ft) 5.50. Hoes Receipt s, 12,500; market shade to 5c higher Heavy, $5.37 5.42 ; mixed, $5.35('5.40: light, $5.305.37; pigs, $4.65 42 7.10; bulk of saies. o.soib.. Sheen Receipts. 8000; market, slow and lower. Yearlings, $5&5.65; wethers, $4.75 5.40; ewes, $4.655; lambs, $66.75. KANSAS CITY. Mo.. May 20. Cattle Re ceipts, 5000; market, strong to 10c higher. Native steers. $5.257.10; native cows and heifers. $2.65$' 6.40; stockers and feeders, $3.255.50; bulls, $3.255.25; calves. $3.63 0; western Steers. t ; western cut, $3.25(5.25. HOgs rteceipts, jo.vvu; iumi kcv, bit'jiik iw 5 cents higher. Bulk of sales. $5.405-50; heavy, $5.455.S5; packers and butchers, $5.405.55; lights, $5.30 5.45; pigs. $4 4.50. Sheen Receipts, oooo; marKet. steaay. Muttons. $4.25-35; lambs, $5.756.40; range wethers, $4.254.75; fed ewes, $44.60. CHICAGO, May 20. Cattle Receipts, 15,- 000; market, steady. Beeves, $4.25 7; Tex ans. $4.t05.6O: Westerns. $4.505.85; stockers and feeders, 3.oubi;.4j; cows ana heifers, $2.306.15; calves. $56.50. Hoes Receipts, aoout zo.tioo; marxet, a S 10c higher. Light, $5.30 5.60; mixed. $5 30 5.65 ; heavy, $5.25 5.62 ; rough. $o.2ai 0.0; gooa 10 cnoice neavy, fo.ww 5.62; pigs, $4(3 5.15; bulk of sales. $5.45 5.5. Sheep Receipts, about 11,000; market. steady.. Native, $3.75(&J5.40; Westerns, $3.30 5.60; yearlings, 9o. 1 0'S lamos, 94.00 7.20; Westerns. $4 50'a 7.20. QUOTATIONS AT SAX FRANCISCO. Prices Paid for Froduce In the Bay City Markets. SAN FRANCISCO, May 20. The follow ing prices were quoted in the produce mar ket today: Vegetaoies uarnc, otg1 c; green peas. $1.50(2.25; string beans, 57c; asparagus, 3 (ffi'&c; tomatoes, i.ou g . eggpiani, ysn 20c. Butter Fancy creamery. &c: cream ery seconds, 22 c; fancy dairy, 22c. Cheese New. ll12c; Young America, 1313c. tLgga store, zuc; rancy Tancn, zzc. Poultry Roosters, old. $3.50(3-4.50; roost ers, young, $7.6010; broilers, small, $2.50 0 3.50: broilers, large, $3.50 4.50; fi-yers. JtKfi'7; hens, $4(57; ducks, old, $4&; young. t58 T. Miustuns xiran, 933; roiaaiinga, 36. Wool Soring. Humboldt and Mendocino. 20c: Mountain, 4Sc; South plains, and San Joaquin, Sllc. Mops n e w ana 01a crops, luttc; con tracts, 812c. Hay Wheat, $1620; wheat and oats, $1619: alfalfa, $914; stock. $810; straw, per bale, 55 90c. f ruits Appies, cnoice. i.jj; common. 60c; bananas, $14? 3. 50: Mexican . limes. $5(6.50; California lemons, choice, $2.50; common, 75c; oranges, - navels, sO'2.7a; pineapples, $1.50 6. potatoes Hweets, .ovo3 uregon iitr- banks, $1.101.35. Receipts Flour. 6146 quarter sacks; wheat, 675 centals; barley. 40ft,T centals; oats. 480 centals; beans. 106.3 sacks; corn, 45 centals; potatoes, 43.10 sacks; bran. 1O0 sacks; hay, 773 tons; wool, 270 bales; hides, 527. Metal Markets. NEW TORK. May 20. The London, tin market was considerably lower today with spot quoted at 135 15s and futures at 134. The local market was weak with quotations ranging from 2.7o to ao.zoc. Copper had quite a sharp break, closing at 57 15e for spot and 53 10s for futures In the London market. Locally the market was quiet and unchanged with Lake quoted at 12.75ic; electrolytic at iz.62tt 12.870 and casting at 12-50 12.62 c. Lead was unchanged at 13 5s In London and at 4.226 4.25c In tne local market. Snelter was unchanged In both markets. being quoted at 20 5s in London and at 4.50 fa 4.65 locany Iron was lower in the English market with Cleveland warrants quoted at 40s 74d. The local market was steady with No. 1 foundry Northern $16.25 17.50; No. 2. $16 16-75; No. 1 Southern and No. 1 Southern soft at Ki.L'Om1 17. Dried Frirlt at New York. NEW YORK. May 20. The market for evaporated apples openea quiet witn fancy quoted at iota mc; cnoice, w 'c; prime. 77c, and common to fair, 54 RU n prunes are firm for future delivery, but no change is reported In the spot market. Quotations range from 4 to 14o for Cali fornia and from 5 to XOc for Oregon fruit. Aprlrctts are unsettled on spot, but stocks are slowlv cleaning up. Choice are quoted at l313c; extra choice, 1414c; fancy, 15 10c. Peaches are unchanged with choice quoted at 9c; extra choice, 9c; fancy, 10c and extra fancy, llllc. Raisins are dull and weak with loose muscatels quoted at 564c; seeded raisins, 5 8c; London layers. $1.25 1.35. London Wool Sales. LONDON. May 20. The offerings at the wool auction sales today amounted to 11,004 bales. Competition was strong at extreme rates. A small supply of fine, light greasy merinos was in keen demand for America and Germany and occasionally 5 per cent advance was had. New Zealand greasy combing realized 11 c. Most offerings con sisted of crosahreds, for which there was a strong request from all sections, and lota suitable for America advanced. Dairy Produce In the Boat. CHICAGO. May 20. On the produce ex change today the butter market was firm. Creameries, 17'i22c; dairies. 1620c. Epgs Firm; at mark, cases included, 14, 144c; firsts. iSHc; prime firsts, 17c. Cheese lOH12Hc NEW YORK. May 20. Butter firm; creamery specials, 23c ; Western factory firsts. 17 c Cheese Steady, unchanged. Eggs Firm, unchanged. Coffee and Sugar. NEW TORK. May 20. Coffee futures closed barely steady at a net decline of 5 15 points. Sales were reported of 33,750 bags, including May, 6.156.20c; July, 6.15S6.20c; December. 6106.15c; March, 6.10c; April, 6.20c. Spot, steady; No. 7 RIo, 6c; No. 4 Santos, 8c Mild, quiet; Cor dova. 012c Sugar Raw, steady; fair refining, 3.74c; centrifugal, 06 test, 4.24c; molasses sugar, $.4.c. Refined, steady; crushed, 6.20c; Pow dered, 5.50c; granulated, 5-50c. J . Northwestern Wheat Markets. DULUTH, May 20. Wheat, No. 1 North ern. $1.07; No. 2 Northern, $1.04; May, $1.04 ; July, $1.044; September, $1.09. MINNEAPOLIS, May 20. Wheat, May, tl.OA: July. $104 104tt ; September, &0c; No. 1 hard. $1.08 LOO ; No. 1 Northern, $1.07; No. 2 Northern, $1.044 1.05. New York. Cotton Market. NEW TORK, May 20 Cotton futures closed barely steady. Closing bids: May, 9 62c; June, 9.S7c; July. 9.52c; August, 9.36c; September. 9.20c; October, 9.10c; November, 9.02c; December. 5.99c; January, February and March, 6.94c WHEAT PIT BEARISH Favorable Weather Reports Weaken Prices at Chicago." JULY IS OFF ONE CENT Scare of the Cora 61iorts Abates as Offerings Become Larger Oats Are Dull Without Change at the Close. CHICAGO. May 20. The wheat market opened weak, due to- weather reports, and continued weak all day. The close was weak. July opened &' c lower at 0V4f 0c, advanced to 91 He and declined to SO 4 c. The close was at $9 c. There was little activity in the Patten corn corner today and prices eased off laC from the closing price of yesterday. The anxious demand which came from the shorts yesterday was not in evidence today. Offer ings of May corn were In greater volume than yesterday. May opened c higher, at 7Sfcc, and sold down to 77Hc, where it clow d at the low .price of tne day. Several of the leading commission houses and one in which Patten Is a partner were free sellers of May corn. Reports from the country were to the effect that liberal ship ments were being made to apply on May contracts. The control of the market which Is possessed by Patten at present consists of his possession of large amounts of cash corn and with liberal shipments coming In the market today showed a tendency toward a lower level. cats were auii. juiy ooenea uncnangea at 6c, sold off to 46c and clo&ed at 46 467fcc. Despite a 7 to 10c advance in live hogs. provisions were inclined to be weak. Final quotations on July pork were off 12c; lard was down 5c and ribs 74c lower. Leading futures ranged as follows: WHEAT. Open. High. ..$1.02 $1-03U . .90 .91 . . .87 .87-Jb CORN. -.TS .79 . . .60 .664 .. .64 .04 OATS. ,. .55 .KS .64 .64 ... 46 '.46 .. .45 .45 ... .37 .37 PORK. ..13.75 13.75 ..13.97 14.00 LARD. Low. $1.01 .K0 .86 !4 Close. $l.oi -!' -86 May July September May .77 .66v; .64 -R4 .64 46 .45 . .37? .77 .60 July September 64 May. old . May, new .55 July, old . July, new September .45 .37 13 62 13.87 July September 13 62 13.87 July 8 2 8.62 8.77 8.52 8.6714 8.B2H 8.70 September SHORT RIB3. July 7 42Uj 7.4214 7.35 7.35 September ... 7.85 7.85 7.5754 7-60 Cash quotations were as follows: Flour Steady. Wheat No. 3 92ci5il.07; No. 2 red $1.0314. In Tuesday's issue of this paper at about the same location in the financial page as this article appears I ran an advertisement of the Coal Creek Coal & Mining Company. I tried, in a brief, concise way, to state the facts as they actually exist. I had some favorable comment on this part of the article, but evidently the advertisement as a whole has not appealed to the right party. To such an individual I will 'say that this is the ONE OPPORTUNITY of a lifetime. To the man or woman with five to ten thousand dollars there is an opening to get into a business that the future oifers possibilities that can be reckoned, not only in tens but in hundreds of thousands of dollars. This is no idle dream, as the dreamer of today is often the powerful factor in the business of tomorrow. "We will go to the mine as it is today. There we find. 2700 acres of one-time timber land. The heaviest and best merchantable timber has been cut and shipped, but there still re mains sufficient to last the mine for ages, and at the same time build a respectable-sized town. Under these 2700 acres we have proved that there is one vein of coal 105 feet below the surface that averages . by feet in thickness. This is good lignite coal, suit able for domestic use. Suppose we were to install a core drill and sink 1000 feet and demonstrate that there were foiy or five, or even six veins of coal . underlying this one? Can you imagine the possibili ties of a field like this? This coal was formed from peat, and of course, the lower stratas or veins are older, have been under . greater pressure, and are more highly 'carbonized, hence of more value for steaming and coking purposes. From Coos Bay north through Centralia, Chehalis, back of Tacoma and into British Columbia, this field of coal can be distinctly traced. At every point on this belt where deep mining has been done veins of coal of high commercial value have been found. This is a project the Chamber of Commerce or any public spirited man should take a hand in. Think what it means for the Port, of Portland. Our new bunkers will be on the Columbia River, where any ship that can come over the bar can load. Perhaps Captain Jones and his son thought as much about personal gain as they did about public spirit when they put up $50,000 to develop this property, but suffice to say they did it, and have brought the project that much nearer a point where it will start on a broad career. The water power, in connection with the coal de posit, is perhaps as valuable as the coal itself. Prop erly developed, it will furnish power for the mine and railroad, light the village and mine and thereby cheapen the cost of production. To anyone at all .familiar with strictly coal camps, there are many features of the business that will appeal to them which come directly under the management of the mine and produce a revenue. These include fur nishing homes for the miners, company stores, the marketing of coal, etc. Every feature of the busi ness here set forth is feasible and practicable, and when it is accomplished, as it surely will be, it will simply be history repeating itself in a coal camp. The man or woman broad enough to view this propo sition in its true light will be the one to whom the reward will be given. BERT D. WHITE, Suite 31, 268 Stark Street. For the COAL CREEK COAL & MINING COMPANY. Charter No. 4514. CONDENSED THE UNITED STATES NATIONAL BANK Submitted to the Comptroller of the Currency at the Cloe of Busineu, May 14, 1908 ASSETS Leans and Discounts. 3.746,648.99 c. . Konas lo secure Circulation U. S. and other Bonds and Premiums Bank Building Due from Banks.. .H.073,429.74 C.'.sh .. 2.698,764.48 505.000. 00 878,149.20 12.000.00 3.772.194.22 Total 9,021.992. 41 Attest Correct: BOARD OF I. W. HELLMAN. President Vells-Farg:o Nevada Na tional Bank. S. F.t Union Trust Co., S. F.. and Farmers & Merchants National Bank, Ixs Ang?eles. . PERCY T. MORGAN. President of the California Wine Assn., S. F. RITFUS MALJJDRY. of the Law Firm of Dolph, Mal- lory, Simon & Gcarin. D. W. WAKEFIELD, of the Real Estate Firm of Wake field, Fries & Co. Corn No. 2 T7541f77c; No. 2 yellow 77 11c. Oats No. 2 65c; No. 2 white GMgTOftc; No. 3 white 5ie39ic Barley Fair to choice malting; ea70c. Flax seed No. 1 Northwestern $1.21. Short ribs-Sldes (loose) 10.8787.25. Fork Mess, per bbl.. S13.BO13.(i2tt. Lart-Per 100 lbs., 8.45. Sides Snort clear (boxed) S7.50S7..,S. Receipts. Shipments. Flour, bbla. 3.8"0 32.2U0 Wheat, bu. So.HW 4S.200 Corn, bu 421MXK) IHN.900 Oats, bu. 620.m 2U4.3O0 Bye, bu H.0UO 3.4U0 Barley, bu 73,800 21.400 Grain and Produce at New York. NEW YORK, May 20. Flour Receipts, 82.000 barrels; exports, 12.SO0 barrels. Mar ket, dull and unsettled. Wheat Receipts, 183.000 bushels; exports, 75.451 bushels. Spot, easy; No. 2 red. SI. 05 elevator; No. 2 red, 9Vjc; late July, f. o. b. aboat No. 1 Northern Duluth, 11.137 t. o4 b. afloat; No. 2 hard Winter, 11.12ft f. o. b. afloat. On better crop news from the South west and a pooc export demand, bears made a raid on the wheat market today that un covered a lot of stop-loss orders and broke prices fully a cent per bushel for the new crop, although May was c higher on manipulation. May, $1.0714 01. 08 ; closed $107: July, 8c1.00. closed 9Sc; September, 495f4c, closed. 944C. Hops, petroleum and wool Steady, Hides Firm. Grain at San Francisco. SAN FRANCISCO, May 20. Wheat, firm; barley,, steady. Spot quotations: ' Wheat Shipping, $1.6714 1.70; milling. $1.701.7214. Barley Feed, $1.45 1.47 14 ; brewing, nominal. Oats Red, nominal; white, $1.5214 1.6714; grays, $1.5214 16214. Call-board sales: Wheat December. $1.60. Barley May, $1.4-9; December, $1.8214 1.33. Corn I.nrpe. yellow, si . i. 'rr i.iy. REPORT OP LIABILITIES. Capital Surplus and Undivid ed Profits Circulation Dividends Unpaid Due to Banks.. .52160,557.81 I n dividual Deposits 6,399.837.33 $ 600.000.xl0 471.114. 27 600.000.00 483.00 7,550.395.14 Total 19,021,992.41 J. C. AINSWORTH, President. DIRECTORS. GEO. E. CHAMBERLAIN, Governor of Oregon. R. L. MACLEAY. President of the Macleay Estate Company. R. LEA BARNES, Vice-President. J. C. AINSWORTH, President, Also President of the Fidelity Trust Co. Bank of Tacoma, Wash. TRAVELERS' GUIDE. Eastern Excursion Rates June 5, 6, 19, 20; Julv 6, 7, 22, 23; August 6, 7, 21, 22. Chicago and return $72.50 St. Louis and return $67.50 St. Paul, Minneapolis, Duluth, Superior, Winnipeg, Port Ar thur and Sioux City and re turn $60.00 Ninety-Day Limit Stopovers Allowed. 2 TRAINS DAILY 2 THE ORIENTAL LIMITED THE FAST MAIL For tickets and sleeping-car reser vations call on or address H. Dickson, C. P. and T. A., 122 Third St., Port land, Or. Tel. Main 680, A 2286. PORTLAND XT., LIGHT POWER CO. CARS LEAVE. Ticket Office and Waiting-Room, tint and Alder Streets FOR Oregon City 4. 8:80 A. M., and err SO minutes to and including 9 P. then 10. 11 P. M ; last car 12 midnight. Gresham, Boring, Kagle Creek, Kata cada, Cazadero, Fairview mad Trout dale T:1S, 9:15. 11:15 A. at., 1:16. a: 45. 6:16. 7:25 P. M. FOR VANCOUVER. Ticket office and waiting-room Second and Waahlngton etreeta. A. M. 0:1a, 8:60. 7:25, 8:00. 8:39, 9:10, U:G0. 10:30. 11:10. 11:50. P. M 12:80. 1:10. 1:50. 2:80. 8:10. 3: 50. 4:80. 0:10. 8:60. 6:30. 7:05. 7:40. 8:15. 0:25. 10:851 11:40(. On Third Monday In Krery Month the Last tar Leaven at 1:05 P. M. 'Daily except Sunday. JDaliy ex0ept Monday. REGULATOR LINE FAST STEAMER BAILEY GATZERT Makes round trips week days, except Friday, to The Dalles, fare 32.10. Leav ing Portland 7 A. M., leaving The Dalles 3 P. M., arriving- Portland 9 P. M. SUNDAYS Round trip to Cascade Locks, leaving Portland 9 A. M-, ar riving DacK o f. M. Dare Jl.oo. Steamers DALLES CITt and CAPITAL CITY Operate daily, except Sunday, between Portland and The Dalles, calling at all way landings for freight and pas sengers. First-class accommodations for wagons and live stock. Phone Main 014. A 5113. Pacific Coast Steamship Co. SAILINGS FOR NOME AND ST. MICHAEL S. 8. "SENATOR," June lt S. S. "I'M A- TIl.I.A," Jnne 4th. Alao SAILINGS FOR SOUTHEASTERN ALASKA, DAWSON, CHEN A, FAIRBANKS. Re serve passenger accommodations and freight space now. E. F. DE GRANDPRE, P. and F. Agent. Main 229 or A 2293. 249 Washington St. forth qermanAloyd. Fast Express Service PLTMOUTH-CHEKBOUKG-BKEMBN.10 A.M. Kaiser d Or. ..June 2 Kronnrlnz Wm, Jun 19 Cecllie June 6, Kaiser Wm II, Jun S3 Twin-Screw Passenger Service PLYMOUTH-CHEKUOUKU-BREMEN.IO A.M. Derfllnger ....May 28 Kueriuenst ...June 11 Luetzow June 4jHremen June 18 Mediterranean Service GlBRALTAa-NAPlKS-OENOA, at 11 A af. K. Luise May 30j P. Irene June 20 L Albert June 8!K. Lulse July 4 North German I.loyd Travellers' Checks. Oelrlrhe Co.. Agents, S Broadway, N. Y. Robert Capelie, Gen'l Pacific 'Coast Agent. San Francisco, Cal. JfamburgStmerican. WEEKLY SERVICE TO LONDON PARIS HAMBURG -GIBRALTAR MAl'LLS GENOA by Large, Luxurious Twin ticrew Steamers; all modern appointments. 80S Market St., San Francisco, and R. B. Offices In Portland. Agents. SAN FRANCISCO PORTLAND S. 8. CO. Only Direct steamers and Daylight Sailings. From Alnsworth Dock. Portland. 9 A. M. S. S. Rose (Jlty, Slay 23, June 6, 20, etc. S. S. State of California May 80. June 18. 27. From Spear St.. San Francisco, 11 A. M S. S. State of California, May 23, June 6. etc. 8. S. Rose City May 30, June 13, 27. etc J. W. RANSOM. Oork Agent, Main 201i Alnsworth Dock. H.' J- ROCHK, Ticket Agent. 142 3d St Phones Main 4012. A 1402. STR. CHAS. R. SPENCER FOR ASTORIA Monday, WeUuraduy nnd Friday, 7 A. M. Returns U P. M. THE DALLES Tueaday, Thursday and Saturday, 7 A. M. Returns 10 P. M. Landing, Washington-Street Dock. FARE 91.00. MAIN Sail. North Pacific S. S. Co's. Steamship koano&e and Geo. W. Eider Sail ' for Eureka, San Francisco and Los Angeles direct every Thursday at 8 P. M. Ticket office 132 Third St., near Alder. Both phones, UL 1314. H. Young, Agent. COOS BAY LINE Th eteamer BREAKWATER leaves Port land every Wednesday t 8 Jt. M. from Oak btreet dock. Xor JSortb i5end, ManbHeld and Cooa Bay points- Freight received till 4 P. M. on day of ailing-- Paawenger fare flrat class, $10; cond-ctaes. S7, Including bertta and meala Inqulra city ticket office. Third and Waahlngton street, or Oak-sueet dock.