Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 5, 1909)
17 THE MORNING OREGOXIAX. FRIDAY, EEBRUARY 5, 1909, THROWN ON MARKET Paul Horst Lets Go of His Big Stock of Old Hops. OFFERED AT 21 SHILLINGS Closing Up of the Biggest Specula tive Deal Ever Undertaken in the History of the Trade. Plnous' Prediction. A reminder of the big bull speculation in Imps three years ago. when Paul R- G. Horst tried to sorner the Oregon supply. Is found In the following letter by Hcrst to English brewers, which baa been published ky some of the English hop papers: Are you open to buy choice Oregons at 21s. cwt-T We have a large quantity of tne finest Oreron hops of the 11)07 and 19tm erops In London warehouses that are In Derfect condition and which we are In structed to clear quickly' at best "Ynarket price. The owners of the hops have .large Quantities still In America which they are tinabie to dispose of to United States brew ers, who are very fully stocked, and must hip to England In order to dispose of them. We, therefore, wish to clear as much of the stock that is now here as we possibly can In order to make room for them. The last two steamers bringing hop's to Iaondon carried a total of about 8000 bales, and our advices are that probably about lx.iXM bales altogether will come from America this year. Because of these conditions we can offer yon very low prices for choice hops and trust you will let us submit sam ples. Horst's holdings of "olds" fn London are aid to amount to 33.000 bales, and It Is reported he still has 12.000 bales In this country. The price at which he offers them In London is equivalent to 4 cents. This represents about what It cost to move them to London and carry them thore. leaving the original price, which was from 30 to 20 cents in Oregon, a complete loss. The throwing of this big Mock of hops on the- market and the assertion that more are' to follow have caused a renewal of the feeling In the English hop world against the "dumping" of American hops. As a proof, of this, the English papers cite a letter by Isaac Flneus & Sons, of Tacoma, dp ted December 23 and printed In the lat est Issue of the English Brewers' Journal, which says In part: Within the last SO days thousands of rales have been taken by exporters, who have serured these on consignment and otherwise, and are rushing the hops to England with tho h.'pe that English brewers wfll be compelled to buy heavily of Pacifies In January and I ' ruary. Most of the c insignuients have been se cured on the theory that there will be a irons demand within the next 30 or 00 days from British brewers, and these hops will command much higher prices than can be obtained here. Of course, should he expected demand from brewers not mater ialize, these hops will probably have to be slauchtered later In the season. Indications today are that the exports of the present crop to England will break all previous records. The English market will certainly be flooded with Pacifies, which should begin to arrive during the latter part of January and continue through at least February and March. The Tacoma firm concludes its letter by predicting an American crop' In 1909 of from 270.000 to 280,000 bales and says: "While the present ranee of values seem exceptionally low. It Is the general opinion Iters that prices will be much lower in the Spring unless, of course. England should get In the market for large blocks of Pa cifies and force ralues higher. Tbere Is no clanger of this market being affected by demand from American brewers. Many keen observers of the market In this coun try predict 8 cents and 4 cents prices In March for good grade Pacifies and scarcely anyone Is bold enough to forecast higher gtices than prevail today." ALL GRAIN MARKETS VERT FIRM. feeoad Steamer Chartered t Carry Wheat to Mexlca. Tb grain market were all firm yester day but without new feature. The prices of the former day were again quoted and trada was of llglit proportions. The char tering of a second steamer to carry grain to Mexico was confirmed. Rid and asked prices were posted at the tioaxd ef Trade as follows: WHEAT. Bid. Asked. February t f S .11 ft!arca 1.00 1.02 OATS. February 1 7 Uj 1 7ft .March '. 170 1.7114 BARLET. February 1 S4 1.41H March 1 1.42 Receipts In cars were reported by the Merchants Excbsngas followst Wheat Barley Flour Oata Hav January 80-at 43 . 17 .. 1.4 February 1 1 H 8 4 1 S February 2 1 4 lo 1 SO F-bruary 8 1 " . . . .1 Total last week.KO .. 3ft 6 64 IMTROTKMENT COfE9 SLOWLY. rendition of the London Market For Ore gon Apples. The latest circular of W. Dennis A Sons, of London, says: "We regret that we are unable to give you any more favorable report upon the apple situation here than our last advices contained. For some time past our market has been very heavily supplied with Hood River fruit, which buyers have been able to purchase at from 7s to 9s 6d per box tulte freely, and. In point of quality, it Is the best on the market "Any substantial Improvement In trade, which we are h"plng for. Is very slow In showing Itself, and while we should be only too glad to give shippers encouragement, we feel that It Is better for them to know the exact state of affairs as we find them than to be too optimistic Prices this week for Rogue Klver fruit ranged from 7s to 8s 6d per box." CALIFORNIA PROnrCE WILL BE SHORT Shipments Delayed by Washouts Down the Une. Another famine In fresh California pro duce Is Imminent because of washouts down the line. It Is not known how many cars for Portland are stalled, but there are sev eral cars of oranges among them. The railroad trouble has also checked operations In the potato market. Potatoes, however, are firmer at this end In response to the better returns made on recent ship ments to California. A mixed car of vegetables that was re ceived yesterday contained the first Los Angelee cabbages of the season. It was of fine quality and sold at S' cents. Hap Trade I Quirt. The hop market has been a very dull af fair since the opening of the month. The only business reported hss been between dealers, and tbta has not been extensive. Very fw Eastern orders are reported in the market. Futnre ef the F-gg Market. Egg declined again yesterday, most of the business on the street being done at 4S to cenra Some dealers look for a eonthnied drop, though It Is possible the market may become steadier because of the working off of the surplus of California and Eastern stock. This will depend, however, on the receipts of local eggs. There was a good poultry market at un changed prices. Butter and cheese were active at the former quotations. Bank Clearings. Clearings of the Northwestern cities yes terday were as follows: Clearings. Balances. Portland $ 1.02't. 1 27 i:il..l Seattle 1 S!.-,..-.-.! il':i.j Taroma 7."i."i.77u :0.ih Spokane !.;;. -.- PORTLAND MARKETS. Groceries. Dried Fruits. Etc. DRIED FRUITS Apples. 814c per lb.; peaches. 7Bc; prunes. Italians, 51itf0"4c; prunes, French. 46c; currants, unwashed, cases, 914c; currants, washed, cases. 10c: rigs, whltu faucy. iu-lb. boxes. 8 lie; date. 7 1 it 7 14 c. CUKrEE Mocha. 242Sc; Java, ordinary, 176 20c; Costa Rica, fancy, 1820c; good. lfleiSc: ordinary. 12tjlGc per pound. SALMON Columbia River, 1-pound talis. fl per dosen: 2-pound talis, X2.8S: 1-pound Bats. $2.10; Alaska pink. 1-pound tails. SSc: red. 1-pound tails, xi.40; sockeyes, 1-pound talis, fl. RICE Southern Japan, 414c; head, C4 0 7c. NUTS Walnuts, 1213c per pound by sack; Brazil nuts. 19c; Alberts. 15c; pecans, 7c: almonds, lj14c: chestnuts. Italian, 11c; peanuts, raw, .6c. p.nenuts. l-a '12c; hickory nuts, 10c; coco an u is. SOo per dozen. 6UOAR Granulated. $5.95: extra C. 85.45; golden C. 5.3.": fruit and berry sugar, S5.S5; plain bag. ."." 5: beet granulated, t.VTS: cubes (barrels), S8.33; powdered (barrel), 99.20. Terms: On remittances within 15 days, deduct 4C Per pound; If later than 15 days and within 30 days, deduct Ho per pound. Maple sugar. 1518c per pound. SALT Granulated. 813 per ton. 1.90 per bale; half ground. 100s. 17.00 per ton; 60s, $8 per ton. BEANS Small white. 69; large -white. Be; Lima, SVic; pink. 3 Ho, bayou, 4c; Mex ican red. 614 c Grain, Floor. Feed. Etc BARLEY Producers' prices: Feed, 2S per ton. WHEAT Track prices: Bluestem, $1.10; club. UTc&Sl; red Russian. USWDlc; turkey red, 97'e l'Sc. FLOUR Patents, $5 25 per barrel; straights. $4.20; exports. $3.0; Valley. 5: 4-sack graham. $4.60: whole wheat. $4.S. OATS Producers' prices: No. 1 white. 343I50 per ton. MILLSTL'KFS Bran. $2626.50 per ton; middlings. $.T3; shorts. $2Ktf30; chop, $2023; rolled barley. 21.in. HAT Timothy. Willamette Valley. $16 17 per ton; Eastern Oregon. S17018; clover. $1214; alfalfa. $U J 16: grain hay, $1213. Vegetables and trait. FRESH FRUITS Apples. $12.75 box: Spanish ma'Yisa graces, in per barrel; per simmons, $l'al.2i. POTATOES Buying prle. $1.10 130 per hundred; sweet potatoes, 214c per pound. TROPICAL FitUlTS Oranges, navels. $3 6 2.73 per box; lemons, $3'u'4; grape fruit. S4.254r4.7a per box; bananas. 6ft oic per pound: pineapples, $2.7tf 3.-5 per dozen; tangerines.. 11.75 per box. ONION'S Oregon, buying price, $2 per hundred. SACK VEGETABLES Turnips. $1.25 per sack: carrots. $1; parsnips, J1.50; beets, $1.50: horseradish, 10c per pound. VEGETABLES Artichokes. Jl 31.25 do.; cabbage. 330 lb.; cauliflower. $2 per crate; celery. $4.50 por crate; cucumbers. $1.7o2.25 dozen; lettuce, $1.25 & 1.75 per box: parsley, SOc dozen; peas, 15c lb.; radishes, 30c per dozen; spinach, 2o per lb.; sprouts, 10c per lb.: squash, 2140 per lb.; tomatoes, $1.752.25. Dairy and Country Produce. BUTTER City creamery, extras. , 31c; fancy outside creamery, 32?34c per lb.; store, lS'Mc. EGGS Oregon ranch, 40ff42.14c per doz en; POULTRY Hens. 13 13 He lb.; Spring, large. 12WU13c; small. 182lc; mixed. 1214 41 13c; ducks, lS2uc; geese, lUc; turkeys, 1(U 19c. ' CHEESE Fancy cream twins. 1514 918a per lb.; full cream triplets. 1514 916c; full cresm, Toung America, 1614 917c. VEAL Extra. 10l"14c per pound; ordi nary, 7 98c: heavy, 5c PORK. Fancy. 914a per lb.; large. 89 814C Provision. BACON Fancy, 21c per pound; standard. 18c; choice, 17c; English, 16 10c; strips, 13c. DRY SALT CURED Regular short clears, dry salt. 12c; smoked, l.'ic; short clear backs, heavy, dry salted, 12c: smoked. 13c: Oregon exports, dry salt. 13c; smoked, 14c HAMS 10 to 13 lbs.. 1414c; 14 to 16 lbs.. 14c; 18 to 20 lbs.. 14c; nams. skinned, 14c; picnics, 914c; cottage roll, 11c; shoul ders, lie: boiled ham. 192olc; boiled picnics, 17c. LARD Kettle rendered: Tierces. 1814c; tubs. lSc: 60s, 13c; SOs, 1374c; 10s, 14"4C; is. 14?4c; 3s, 14140. Standard pure: Tierces. 1214c: tubs. 12c: 69s. 12c; 20s. 125c; 10s. 13"ic; 6s. 13?c; 3s, 13'4c. Com pound: Tierces. 8c; tubs, Ifec; 60s, 814c; 20s. 8c; 6s, 8c. SMOKED HEKF Beef tongues,. each. 70c; dried beef sets. 16c; dried beef out sides, 16c; dried bee'f lnsides, 18o; dried beef knuckles. ISj. PICKLED GOODS Barrels: Pigs feet. $13; regular tripe, $10; honeycomb tripe, $12; pigs' tongues. $11130. MESS MEATS; Beef, specials. $11 per barrel: plate. $14 per barrel; family. $14 per barrel: pork. $21 per barrel; brisket, $23 per barrel; S. P. beef tongues, $20; pig snouts. $12.50; pig ears, $12.00. Oils. COAL OIL Pearl and astral oil. erases. IS 14c per gallon; water white. Iron barrels. 11c; eocene and extra star, cases 2114; head light oil. cases, 2uc; Iron barrels, 18c; elaine. casea. 28c. GASOLINE Union and Red Crown, bar rels. 15140: cases. 2:bc; motor, barrels. lc; cases. 231c; So degrees, barrels, 30c; cases. 371so; engine distillate, barrels, ic; cases. 16c. LINSEED OIL Raw. barrel lots. S5c; In cases, 71c; boiled, barrel lots. 67c; in cases. I3c. OIL MEAL Ton lot. $37. Hods, Wool. Hides, Etc HOPS lt08. 8c per pound; 1907, 29 3c: not, 1 ill lie. WOOL KasK-rn Oregon, average best. 10 914c per pound, according to shrinkage; Valley. lS&llc MOHAIR Choice. 203 21c per pound. HIDES Dry hides, N'o. 1. 16 & 17c pound; dry kip. No. 1, 1415c pound; dry calf skin, 17Hftl8c pound; salted hides, heavy. tilOc; light ana cows, VEtzs'c; saiiea calf skin, 146 15c pound; green, lc less. FURS No. 1 skins: Angora goat, $1 to $125; badger. 23'ai00c; bear. $3920; beaver. $6.50'38.50; cat, wild. 60c(if$l; cougar, per fect head and claws, $3 if 10; fisher, dark. $7.30311; pale. 4 wg : rox. cross. a to $5- fox. gray. 60c to 80c: fox. red. $2.2$ to $4: fox. sliver. $35 to $100; iynx. $109 11- marten, dark. $8-012: mink. 73ctf$4 30; muskrat. 10&13c; otter. $7; raccoon, 45c9 60c: sea otter. (1D2.W as to sizo; sxunKa 600 73c; civet cat. 10jl5c: wolf. $298; coyote. 70cQ$1.10: wolverine, aara. $393; wolverine, paie. s.-'u.uu. CASCARA BAKK Small lots. 414 0514c; old In carlots. selling at 7 14 6 8a Metal Markets. NEW YORK." Feb. 4. The London tin market had a sharp break, with spot quoted at fl24 17s 6d and futures at 126 15a The local market was weak with spot quoted at 27.3714927.6214c. Copper was lower In the London market with spot quoted at 59 Ss 9d and futures at 59 7s 6d. The local market was dull and a shade lower, notwithstanding reports of an improved demand. Lake Is quoted at 1324b13.8714c: electrolytic at 13.12149 13.3714c and casting at 13.00 9 13 35c. I,ead was unchanged at 13 in the Lon don market. The local market remained dull at 4.1094.15c. Spelter was unchanged at 21 7s Sd In London and remained dull at 5.02 14 9 5.07 140 locally. The local Iron market was unchanged. Coffee and Sugar. NEW TORK. Feb. 4. The market for coffee futures closed steady, net unchanged to 5 points higher. February, .10c; March. (.1596.20c: May. .206.25c: June. 6.10c; July. 6.109 6.20c: August. 6.00c; September. $.80ti 5.90c; October and November. $.75c; December. 6.70 g 6.75c. Spot. N'o. 7 Rio, 7Ve: Santos N'o. 4. 8ic Mild steady; Cor-, I dova. 9 6 1214c Sugar Raw, easy; fair refining. S.14c: centrifugal 96 test, 3.61c; molasses sugar. l.Sc. Refined, steady; crushed, 5 35c; pow dered. 4.75c; granulated, 4 Sc. New York Cotton Market. NEW YORK. Feb. 4 The cotton market opened steady at a dei-lino of 2 ftr 4 points and closed barily steady-at a net decline of ij 11 points. Weed at St. I .outs. ST. I.OUIS. b. 4 Wool Nominal; ter ritory end Western mediums. 17tt21c; flue mediums. lOu 17c; Hue, I2ffl4c BONDS ARE WANTED But There Is a Very Light De mand for Stocks. PRICE CHANGES NARROW fcteel Not Affected by Keports of I'oor Conditions in the Metal Grade Copper Industrials Go Lower Call Money Firm. NEW" TORK. Feb. 4. The professional limitations of the current etock market re strict the swing of prices to a comparatively narrow range. The difficulty of carrying an advance .further was becoming manliest before operations were concluded yesterday and the reaction natural under the cir cumstances followed today. These trivial fluctuations do not represent any significant change of opinions on values from day to day. The professional element carries op erations as far as they dare in one direc tion with a purpose to test the market and learn what results they may force by this process. The offering down of prices by bear op erators does not appear to dislodge any considerable amount of liquidation and the bears rind themselves obliged to buy In stocks to cover. A bidding up of prices, on the other hand, attracts no notable fol lowing, such as is stimulated by such a movement at times when the speculative spirit Is alert. The condition underlying the market Is clearly one of neglect and of waiting for clearer light on the situation. The Investment demand for bonds continues excellent. Call loans did not fall below 2 per cent today and the maximum rose to 3 per cent, which makes the record for the new year. The renewed call of the Secretary of the Treasury upon the-depositary bankB for the return of another $30,000,000 of Government funds by February 28, offered the ostensible reason for the lessened Inclination of lenders to accept bids recently prevailing for loans. There was some increase of demand on the part of the borrowers as well. With the effect of this hardening of money rates transferred to the foreign exchange mar ket, foreigners have shown Increased dis position to sell stocks In New York. Consolidated Gas exerted a depressing In fluence by a drop which established a new low price for the stock, seemingly prompted by the determination of the company to make a year s trial of the SO-cent gas law, without further effort to contest It In liti gation. " ' The suspicion and distrust with which yesterday's allegations of improvement In the copper trade were received resulted In a decline in the copper Industrials. Tho price'of the metal was reduced again here and in London. The uncheerful view of the iron and steel trade confirmed the feeling of dissatisfac tion with metal trade conditions and affect ed sentiment toward values In general, although with no special effect on the steel Industrials. The cheaper railroad stocks again supplied the sustaining points In the market on "deal" rumors, the Gould group being conspicuous. There was some growth in the influence on the general list of these special points of strength in the course of the day. Bonds were Irregular. Total sales, par value. $3.SS8.00O. United States bonds were unchanged. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Amal Copper ;S.W"0 75;4 74V4 7514 Am Car & Foun. 16.7i0 51 483i 60 - do preferred ... 200 111 Am ,Cottoa Oil.. 6i B21i 6l',4 51 1 Am lid & Lt pf. H'O 4(U 4! ' 40 Am Ice Securl... 4k 22i 22 21 Am Linseed Oil.. 14',4 1414 H Am Locomotive... 6tK 66 65i 65 do preferred HI Am Smelt ei Ref. 10,800 85 M'4 82 do preferred ... 8i) lt'2 102, 102 Am Sugar Ref.. 600 131 l.KHj 130 Am Tobacco pf. . 4o0 tl 1 81 80 Am Woolen "K) 28 28 27 i Anaconda Mln Co 2,5i0 4514 45 45? Atchison i'"0 Vi 80H do preferred ... 400 loin loll lols All Coast Line... 40 HIS", 10914 108V4 Bait Ohlo..r. .. 6.70O loKit, 107 1071s do preferred ... K'O 83 83 . 81 Brook Rap Tran. P,5"0 71 7" 70T4 Canadian Pacific. 1,400 173& 173H 173 Central Leather.. 300 311 31 80T4 do preferred ... .. . . . ..... 1019 Central of N J 235 Ches Ohio 43.500 67 C.1'4 W Chicago Gt West. 2,3i 8 7 7v, 4"hicagn 4- N W.. "') 177", 17rt 177 C. M & St Paul.. 4,100 1457, 14514 145 C, C. C ft St I.... 4l 7" 70 Colo Fuel & Iron. 1.000 3! R!!4 W.4 Colo Southern.. 00 6314 62 63 do lt preferred 82',j do 2.1 preferred 74 Consolidated Gas.. 8.I0O 117 m1 llfi'i Corn Products. ... 500 19 18 18',a Del Hudson 175 D R Gran.ie... 4.-..!Kio 4SI4 45ti 484 do preferred ... 4.4o0 8.". e-'!l 847s Hurt tilers' Securl.. Inn 38 37 Vh 37 ' Erie 1.800 S4 ', 30 do 1st preferred. 2oO 4R14 .40 45 do 21 preferred. K'O 31 3314 35 General Electric 153 it Northern pf... 1.3O0 142 141 14 14U4 Gt Northern Ore.. 4i0 71 71li 7114 Illinois Central X 142V, U 14114 Interborongh Met. 1.200 1514 1514 15s do preferred ... 1.400 41 '4 41 41 Int Paper K'O 1114 " do preferred ... K'O 51 5 5414 Int Pump ... 00 38"4 3814 SS4 Iowa Central , ifj K C Southern ... 2.400 414 41 ' 4114 do preferred ... 2'0 72'a 72"4 72 I.ouis & Nashville S"0 12.T, 122 122 Minn & St I, 1.400 07U 55V 65 M. St P S K M. oo 142 141 14114 Missouri Pacific... Jl.5i 72 7114 72'J Mo. Kan & Texas 6.300 42!, 4114 do preferred ..... 74 ty National I-ead ... 30 77'5 7714- 77!, N Y Central t.70 128 127 127.LJ N Y. Ont & West. ."XK 4K4 4714 47!j Norfolk ft West. l.JKO 81 fiovj fl North American.. 3O0 81 81 8104 Northern Pacific.. 2.30 13SV4 138 raolfle Mall 2"0 3! V4 31 81i Pennsvlvania 2,1"0 132 131 '4 1315, People'' a Gas 7"0 10814 1074 P. C C St L. .. 2.9"0 P P214 82i Pressed Steel Car 1.6O0 42 42 4214 Pullman Tal Car. ! 171 171 171 Ry Steel Spring.. 00 4714 4f.i 4Ri Reading 74.700 132U 1305, 13o Republic . Steel 24 do preferred . . . 200 83 85 85 Rock Island Co.. 1.7O0 24 24ft 2414 do preferred ... 8.500 6494 6314 63v4 St L ft 8 F 2 pf 40 St L Southwestern ..... ..... 2214 do pre 'erred ..... ..... 52 SloFS-Sheffleld 78 Southern Pacific.. 13,0"0 118V4 11794 list, do preferred ... 800 121 121 12114 Southern Railway.- 1,000 2.'.J , 25 251. do nreferred 61 Tenn Copper ... fi"0 40 V 40 40 Texas & Pacific. 11.600 33 3414 35 Tol. St L ft West. 2"0 48i 4114 47 . do preferred ... 2'4 60 69 AS Union Pacific ...27.200 17794 1769, 177'i, do preferred ... lt0 8514 85j,4 84 V 3 Rubber 3114 do 1 preferred.' 1"0 1"14 KU14 1"14 U S Steel 1 500 52 52 B21, do preferred ... 1.600 11314 112 113 Ftah Copper l.OoO 44 H 43 4314 Va-Caro Chemical. 3H) 4614 !4 457, do preferred ... 10 114 114 113 Wabash W 1-u4 "14 1814 do preferred ... 4.5"0 48 48 48V Westlnphouse Elec 5'' 81 SO 8OI3 Western Union ... K'O B8'4 14 Vhool a T. FTrle. 700 10 10 10 Wisconrin Central. 9.400 43Vi 3894 43 Am Tel Tel.... 1.5"0 127 127 12714 Total sales for the day. 472,300 shares. BONDS. NEW YORK, Feb. 4. Closing quotations: U. S. ref. 2s reg.102 N Y C G 314s.. 83 do coupon 102'j North Pacific 3s. 744 U S 3s reg .. .lon4 North Pacific 4s. 103 'do coupon lOOVSouth Pacific 4a. 02 V S new 4fl reg.lfOVi Union Pacific 4a. 103 do coupon 12m, IWiscon Cent 4s.. 84 14 Atchison adj 4s. 04 vk Japanese 4S 83 D ft R G 4S..... 88 I Storks nt London. LONDON, Feb. 4. Consols for money, 83H: do tor account, 834. Anaconda ... 3.37 V,!N. Y. Central . 1.11.00 Atchison 2.00 Xorflk ft Wes 83 .oO do pref 10:175 do pref 80.00 Fait ft Ohio. 111. 00 Innt ft West.. 40.00 Can Pacific. . 177.87 14 Pennsylvania. 67.50 Ches ft Ohio. 67.8714 Rand Mines.. 7 8, Va Chi Grt Wes S.73 I Reading . 67.75 C M ft S. P. 140 25 'Southern Ry.. 23 . "3 p'e ' Peers 11.37V4 do pref ."; r ft. R G ... 47O0 -South Pacific. 1'!0.62V, do pref ... 85. 00 Union Pacific. 181.37 14 EriB 31..-.0 I do pref 88.50 do 1st Pf.. 47 50 IU. Steel... 53.30 do 2d pf.. 3700 do pref Grand Trunk 1875 Wabash 1.J III central.. .146.00 I do pref Bo no j ft X ..12"50 'Spanish 4s.... 84 1 5 Mo K ft T.. 43.12tlAmal Copper. 76 6214 nally Treasury Statement. WASHINGTON, Feb. 4. Today's state- ment of the Treasury balances In the gen eral fund, exclusive of the $150,000,000 gold reserve, shows: Available cash balance $149.5S1.244 Gold coin and bullion 32.218.6a4 Gold certificates. 24,839,2a0 Money, Exchange, Etc. NEW . YORK, Feb. 4. Money on call easy at 23 per cent; ruling rate and closing bid. 2: offered at 214. Time loans strong; 60 days. 214 2 ; 90 days, 294 3; six months, 3Viy3'-4 per cent. Close: Prime mercantile paper. 314 6 4 per cent. Sterling exchange weak with actual busi ness in bankers' bills at $4.S3104.852O for 60-day bills, and at $4 8733 for demand Commercial bills, $4.84 :4 Sft.SS. Bar sliver, 52c. , Mexican dollara, 44c. Government bonds, steady; railroad bonds. Irregular. LONDON, Feb. 4. Bar sliver, steady, 21d per ounce. Money. 114'82 per cent. The rate of discount in the open market for short bills is 2 7-16 per cent; for three months' bills. 2 5-162 per cent. SAN FRANC18CO, Feb. 4. Silver bars. 52c. i Mexican dollars, 4514 c. Drafts, sight, 74c; telegraph, 10c. Sterling on London, 60 days, $1.S5; sight, $4.8S. EGGS LlERTsEIITTLE SHIPPERS NOT INCLINED TO HOLD BACK STOCK. Poultry In Actiye Demand and Firm Oranges Weak Under . Heavy Supply. SEATTLE, Wash.. Feb. 4. (Special.) Eggs were weak today, fresh selling as low as 46 cents. Local receipts are much heav ier, but are quickly absorbed by city gro cers. Dealers here do not look for shippers to hold stocks. The poultry market was active and firm. Good hens sold as high as 16 cents, or at about a par with Springs. Owing to the fact that no live Eastern poulfv has been brought In all Winter local shippers are hardly able to meet requirements. Cheese men look for higher prices the first of next week. Oranges are weak, receipts are heavy and the demand only nominal. Thirteen cars of bananas arrived today, but only five were retained. The others were sent on to "Van couver and Spokane. QUOTATIONS AT SAf FRANCISCO. Prices Fald for Psodnce In the Bay City Markets. SAN FRANCISCO. Feb. 4. The follow ing prices were quoted In the produce mar ket today: Onions $22.40. Millstuffs llran. 28.50S0; middlings. $33.50 35.50. Vegetables Garlic, 8 If 9c: green peas, BjilOc; string beans, 10fi'15n; asparagus, lS'20c; tomatoes, $lfl.25. Butter Fancy creamery, 8414c; creamery seconds. 3214c; fancy dairy, 28c; pickled, nominal. . Cheese New, 1214 1314c: Yoong Amer ica, liilg 1614c; Eastern, 17c. Eggs Store, 41c; fancy ranch. 43c; East ern, nominal. Poultry Roosters, old. $4S; young, $7 n. 1 ti.M .mail Cl.?. broilers. large. $56; fryers. $C7; hens, $5fc 9; ducks. old, 4'j o; young. u o. Wool Spring. Humboldt and Mendocino. 16' 18c; Mountain, atg 8c; Nevada, 914c. Hay Wheat. $1923; wheat and oats, $18322: alfalfa. $1518.50; stock. $1139 16: straw, per bale, 50850. Potatoes Early Rose, nominal; Oregon Burbanks. $1.75 92; sweets, $1.501.75. Fruits Apples, choice, $1.25; common, 60c; bananas, 75c 4i 2.50 : limes, $4W5; lemons, choice. $3: common. $1; oranges, $1.60 3; plneapploa. $1.SO2.50. . i. i,'i,,r limn miartor sacks: wheat. 70 centals'; barley, 61,934 centals; oats, 450 centals; Deans, win mum, toes, 1300 sacks; bran, 93 sacks; middlings, 710 sacks; hay, 355 tons; hides, 755. POBTLAXD' LIVESTOCK MARKET. Prices Current Locally on Cattle, ghefp and xiogs. - . . ., . 1- . . -1 , Vl 1 T -bIit,, Are in tne iiyeBtutu . - -- , depressed by the surplus of low-grade stock. DUl mere is a B"u u.. . 1 i. nnrl cheon ara also in active demand. Receipts yesterday were cattle. 680 sheep. 156 hogs and 20 horses. The current range or prices was as inf lows: , . , r-r t i.- at, .'.Ara t i 'n' .1 ' . i ' medium. mm n.A. r-,.. ...n.n.nn 1 r.ftttt 4- COWS. best. $4:" medium. (3.250-3.75; calves, (46. sheep. $3.504j)6.25; ewes, fi.bOU 4.75; lambs. (5.505.75. HOGS Best, $7; medium, o..Dia. Kastern livestock Prices. KANSAS CITY, Feb. 4. Cattle Receipts. 8000; market, steady. Native steers. (43 k native fowa and heifers. $2.25r5. i.; stockers and feeders. $3.20 5.5; calves, (3.50476.5O; Western steers. $4.506.2a; Western cows. $3& 5.25. jiog, Receipts. 11.000; market, steady. Bulk of sales, $5,801 635: heavy. tR.a& 5.45; light. $3,504(6.15: pigs. $4.50?5.50. ),eep Receipts. 5000; market, steady. Muttons. $4.235.40; lambs, $6.25 7 25; range wethers. $4 6.25; fed ewes, (S-SfS-lO. OMAHA. Feb. 4 -j-Cattle Receipts, 220O; market. 10c higher. Native steers, 4f5.2.i; cows and heifers. $.Vj 5; Western steers, $3.25a5.40; calves. $2. 2597; stockers and feeders, (2.754.25. Hogs Receipts. 70OO; market. IfllSc higher. Heavy. $6.10(&6.35; light. (5.80(0 6. 1"; pigs, $4.00(8 5.50; bulk of sales, (5.804P 0.15. Sheep Receipts. 2000: market. steady. Yearlings. $rt'ir 6.60: wethers, $4.80Sj 5.13; ewes, $44.BO; lambs. $6.507.30. CHICAGO. Feb. 4. Cattle Receipts, esti mated. 8000; market, steady. Beeves, (4.10 7: Texas steers, $4.20W5; Western steers, $3.B0(gS.5O; stockers and feeders, (3.15 5.4(1: cows and heifers, (1.80(i5.5O; calves, (5.50W7.75. Hugs Receipts, estimated, 43.000; mar ket, steady to shade higher. Light. $5.85- 6.30; mixed, (5.836.50; heavy. (46.55; rough. (Hi 6.15: good to choice heavy. (6 15 45 6.55; pigs. (4.75&5.7S; bulk of sales, (6.20 $6.40. Sheep Receipts, estimated at 8000; mar ket, weak; native, (3.25 5.05; Western, $3.235.60', yearlings, $3.907; lambs, na tive, $5.5U!S7.60; Western, $3.607.65. Kastern Mining Stocks. BOSTON, Feb. 4. Closing quotations: Adventure . .( 3.00 Ailoues . 3S.50 Amalgamated 73.00 Aria Com 34.00 Atlantic 14.00 lisle Royale. 20.50 5.00 .20 15.25 73.00 Mass Mining. I.Mont C ft C. . Ishannon .... 'Tamarack .. Butte Coal. 21.1214 'Trinity 15.00 Cal & Aril. . .100.00 Cal & Hecla. 643.00 United Copper 1:1. 7ii ;17. S. Mining. 41.50 Centennial .. 31.00 Copper Range 73.75 Daly West... 8 50 Franklin 13.00 Granby 100.50 Greene Can. . 10.50 ;U. S. Oil irtah Ivictorla .... 81.6214 40.50 4.62V4 5.50 144.1214 Winona . .. Wolverine . . NEW YORK, Feb. 4. Closing quotations: Alice 225 Little Chief 8 Mexican 73 Brunswick Con. o2 7u 70 4 Com Tun stock. do bonds. .-. . . Horn Oliver. . . . Leadville Con... Ontario 400 Ophir 145 Standard lYellow Jacket... 53 Dried Fruit at Mew York. NEW YORK, Feb. 4. The market for evaporated apples show no change. Fancy are quoted at 8Vif9Vc: choice, 71i7o; prime, 67c; common to fair, Glt-Olc. prunes are unchanged with new-crop Cali fornia fruit ranging up to 40-50s quoted at 4V4G'7!4c. and Oregon ranging from 40-50S to 20-30 at 614iW9o. Apricots are firm but quiet with choice quoted at 814?8'.c: extra choice, 144(10c, and fancy, 11141314c. Peaches are somewhat unsettled, with holders In the East asking higher prices than buyers are disposed to pay apparently, while there Is said to be some pressure to sell on the local market by second hands. Choice are quoted at Vi(7c; extra choice. 7 14 & Sc. and fancy. 8 14 'u 10c. Raisins are quiet with muscatels quoted at 4V4 4i5c: choice to fancy seeded, 6p6c; seedless. 35ViO, and London layers, (1.50 jfl.OO. London Wool Salea. LONDON. Feh. 4. A good assortment was offered at the wool sales today and the competition was more acttvo wuh prices showing the best of the series, the recent irregularity having disappeared.. The home trade and the continental buyers sought eagerly all medium merino greasy wool offered. Americans received good cross breds after strong competition with the home trade. Offerings today number 13,100. Flaxseed at Minneapolis. MINNEAPOLIS, Feb. 4. Flaxseed closed at $1.5. NEAR TOP NOTCH May Wheat -Scores a Further Advance at Chicago. STRONG AT THE OPENING Active Buylnglby EleYator Interests iStarts the Rise Prof it-Taking Causes a Reaction at the Close. CHICAGO, Feb. 4. The feature of trade In the wheat pit was the active buying by a leading elevator Interest during the first hour of the day. The demand brought out free covering by shorts -vi-hlch caused prices to advance to the highest point reached since the first part of December, when the May delivery touched (1.11. The high point today was recorded at (1.104. During the last naif of the day tbere seemed to be considerable Inclination on the part of leading longs to take profits and this caused an easier feeling. After ranging between (1.084 and (1.10. May Delivery closed at (1.08 tg. Final quotations on July were at 88 V4 a OS 14c. The bulge In wheat created moderate firmness In the corn market early In the day. but later an easier tone . developed. Cash houses were leading sellers during the last half of the day. A decline of 14 c in the price of the cash grain had a tendency to weaken options, as did also the con tinued absence of any export demand. The market closed easy with prices 14 to c lower than the previous close. May closed at 63 c. and July at 6314 c. Trade In the oats pit was extremely light all day and the market was rather weak the entire session. A slack demand from Eastern shippers was largely responsible for the weakness, although talk of Argen tine oats being Imported to this country had some effect. At the close prices were a Shade to v,i!Sc lower with May at 62c and July at 461440C. Profit-taking sales by the leading longs and some selling by local packers caused weakness, in provisions .throughout the greater part of the day. At tho close prices were 5714c higher to 15(ffll714c lower. The leading futures ranged as follows: WHEAT. ' Open. High. " Low. Close. May $1.09 $l.io?4 $1.0914 $1.09'4 July 98H .99 -98V4 .9S4 Sept. 944 .S4i .94?? .941, CORN. May 4 .84H .68 .63 July 63 .63 "r .6314 .6S4 Sept 6314 .6$ la -6314 .631. OATS. May 52 .52 .63 .82 July 464 .464 -4fi'4 -46 Sept 39? .39 .3914 .29Vi MESS PORK. May 17.02'4 17.0714 16 85 16.90 July 17.10 17.10 16.9714 16.9714 LARD. May 9 65 9.6714 60 962V4 July 9.7714 9.7714 9.7214 9.75 SHORT RIBS. May 8.90 8.92 8.82 8.8714 July 9.07 9.10 9.00 9.0214 Cash quotations were as follow$: Flour Firm. Rye No. 2, 76c. Barjey Feed or mixing, 60 & 63c; fair to choice malting, 62 & 64c. Flax seed No. 1, $1.62; No. 1 North western, $1.6014. Timothy seed Prime, JS.SOig-S.S! 14- Clover Contract grades, $9.20. Pork Mess, per barrel, $16.87 IT. Lard Per 100 pounds, $9.45. Short ribs Sides (loose). $8.87 8. 75. Sides Short, clear (boxed). $8.759. Total clearances of wheat and flour were equal to 31,000 bushels. Primary receipts were 462,000 bushels compared with 402.000 bushels the corresponding day a year ago. Estimaated receipts for tomorrow: Wheat. 7 cars; com, 186 cars; oats, 52 cars; hogs, 30,000 head. Receipts. Shipments. Flour, barrels.......... 24,10 0 " 2,600 Wheat, bushels 9,600 40,600 Corn, bushels 146,300 807.400 Oats, "bushels 83.500 189, 61(0 Rye. bust els 6,000 Barley, bushels 46,500 23,700 Grain and Produce at New York. NEW YORK, Feb. 4. Flouts Receipts, 13,793 barrels; exports, 24.675 barrels; firm, with a better Inquiry. Winter straights, $4. Toil 4. S5. Wheat Receipts, 14.400 bushels. Spot Arm; No. 2 red. $1.11 14 1.12 elevator: No. 2 red, $1.10 f. o. b. afloat; No. 1 Northern Duluth, $1.21 f. o. b. afloat; No. 2 hard Winter, $1.1714 f. o. b. afloat. In face of prospective big Argentine and Australian shipments, both foreign and domestic wheat markets were higher today, owing to bull support, unfavorable crop news from Kan sas, a fair demand and covering of shorts. Moderate reactions near the close loft final prices about vc net higher. . May closed $1.12; July closed $1.06. Petroleum Steady. - Hides Firm. European Grain Markets. LONDON, Fob. 4. Cargoes, firm; buyers show more disposition to operate. Walla Walla, prompt shipment, at 37s 9d: Cali fornia, prompt shipment. 3d higher, at 3Ss (id. English country markets. Ad dearer; French country markets, firm. LIVERPOOL. Feb. 4. Wheat May closed yesterday at 7s 8 d; opened today at 7s 8Td: closed. 7s od. Corn 'May closed yesterday at 6s 4d; opened today, at 5s 4d; closed, 5a Cd. Grain at San Francisco. SAN FRANCISCO, Feb. 4. Wheat and barley, Arm. Spot quotations: Wheat Shipping. (1.72 1.73: milling, (1.75 i 1.80. Barley Feed. Jl.37 81.41 ; brewing, (1.41fi4 1-45. Oats Red, (lOig'Z.lO; white, (L80 1.90; black, (2.252.60. Call-board sales: Barley May, (1.38; December, $1.18 bid. Corn Large yellow, (1.65 1.70. Dairy Produce In the East. CHICAGO, Feb. 4. Butter, steady. Cream eries. 2215 28c; dairies, 2125c. EgK-Vealt; at mark, cases Included, 2730c; firsts. 80c; prime firsts, 81o. Cheese Firm; daisies, 1514c; twins, 1414c; young Americas, ltic. NEW YORK, Feb. 4. Butter Higher and firm. Creamery specials, 31 c; extras, 30 30V4c. Cheese Firm, unchanged. EKgs Firm; Western firsts, 32S3c Wheat at Tacoma. TACOMA, Feb. 4. Wheat, l2c higher. Milling, bluestem. (1.10. Export, bluestem, 67c; club, 82c; red, pOc. SLEUTH FREES PRISONER Scandal in Butte Police Department Follows Action. BUTTE, Mont., Feb. 4. A scandal has been caused in the ' local police department by the unauthorized re lease last nlgrht of Jean DuBois by Detective Frank Bates. DuBois was under sentence from the local police court for procuring, and was being held pending action by the United States immigration authorities. Bates released the man from jail, and Du Bois at once disappeared. The pris oner was very wealthy and was said to be the head of the white slave trade in this country. Jacksonville Resident Dies. JACKSONVILLE. Or.. Feb. 4. Captain C F. Leavenworth was on the streets Tuesday evening at 7 o'clock in perfect health and died four hours later of hem orrhage' of the brain. He built the first telephone line from Portland to San Fran cIbco. For many years he was a resident of Portland and Seattle and he owned ex tensive mines in and around Yreka. Cal. He was a captain on the Columbia, many year. Lumbermens National Bank Capital Corner Second and Stark DOWNING -HOPKINS CO. ESTABLISHED IMS BROKERS STOCKS --BONDS --GRAIN Bought and aoM tor cash ana mm margin. Private wires Rooms 201 to 204, Couch Building HIGH-GRADE MUNICIPAL AND IMPROVEMENT BONDS We have several good issues on hand. Buy direct from contractor and save broker's commission. WARREN CONSTRUCTION CO. 317 BECK BUILDING, PORTLAND, OR. ! T DECLARES BRIDGE IS SAFE EXGIXEER HICHMOXO MAKES EXHAUSTIVE REPORT. Portland Railway, Light & Power Co. AVant9 Traffic Resumed Over the Condemned Structure. That the Madison-street bridge can be made perfeatly safe for traffic of all kinds with the expenditure of from $.00 to $L000 for new piling supports to take the place of those washed away, is the belief of Chief Engineer A. H. Rich mond, of the Portland Railway, Light & Power Company, who has just submitted a" report on the matter to President Ben age a Josselyn, of the traction corpor ation. The results of this investigation will be submitted to the county authori ties. Mr. Richmond's report follows: Bridge Report In Full. In order to thoroughly understand the pres ent condition of this structure, I might state that this bridge was first built in 1S02. The superstructure of the bridge was Tebuilt In 1SD0 and 1900. At this time the bridge con sisted of seven fixed spans and the draw span. In 1002 the two east spans ware burned. The first span was replaced by a trestle and the second span replaced by tne present span, which now constitutes the first or most easterly span of the present bridge, which consequently consists of five fixed spans east of the draw, the draw span and one fixed span on the west approach of the draw. Considering the bridge as beginning on the east side of the river and numbering the spans consecutively, we have the tirst span, rebuilt In 19(i2. which Is In good condition both as to the superstructure and substruc ture. The entire bridge was redecked In 1905. At this timR all new stringers were put under the O. W. P. Railway Company's rails, except under the first span on the eat end of the brldfge. These stringers over the entire bridge are ln excellent condition at this time. Span No. 2 Is In the worst condition. In my estimation, of any of the different spans. Including the draw. The lower chords of the bridge are packed chords consisting of three leaves each 8xlB. Our bridge superintend ent bao been keeping close watch on this span at the several chord points, ss lt was discovered last Spring that at several Of these points the chords showed a tendency to part. At this time the matter was taken up with the County Court and the pile bents that are now under the bridge were driven at each second panel point. In order to over come the possibility of a chord parting on this span. We did not think It was abso lutely necessary at this time to drive this false work under the balance of the spans, but as an extra precautionary measure It was done. During the recent high water a large amount of drift collected on tho Bouth side of span No. 2 and the pier between spans Nos 2 and 3. to such an extent that It has rauced this pier to lean slightly to the north, the bridge being out of Une at this point prohablv six Inches. It Is my opinion that when this drift Is taken away this pier will go back to place, as lt has done before un der the same conditions. This drift during the recent high water has carried away all the false work under spans Nos. 3 and 5 and one bent under span No. 4. These three spans show nq difference In the camber of the deck since these false work piles were washed from under thein. This la Itself shows that the spans are In fairly good con dition. The draw span and the Inst fixed span are In about the same condition relatively as spans Nos. S, 4 and 5. The floor beams under all of the bridge have recently been straightened by having 12x12 corbels placed under them and bolted to the lower chord. These floor beams were somewhat decayed, nurticiilarlv on the south ends, which were exposed to the storms. The placing of these corbels under these floor beams has strength ened them so there need be no uneasiness felt for the safety of the same. In our opinion the bridge can be made perfectly safe for car traffic by replacing me pnes unuer the several bents which are now washed out and, as an extra precaution, sash and sway bracing the entire, set of plies. In regard to the machinery of the draw, lt Is a known fact that this machinery Is somewhat Inadequate to perform the duties hat nrs Imnosed upon lt. but I see no rea son why. with careful operating of the draw, this machinery should not carry ua over the coming season, althoftgh probably light re pairs will have to be made upon the same from time to time. The probable estimated cost of redrivlng the piles that are washed away and the additional sway-bracing as noted above would be between J700 and J1000. This cost is figured on this basis, as to drive these plies tho sidewalk will have to be torn away at the panel points and replaced after driving. In event of the rebuilding of this bridge It does not seem to me that there would be any difficulty In carrying the car trafric over the bridge during the course of construc tion, as with the falsa work that we will then have under the bridge and additional false work for the new bridge, the stringer svstem under the track could be carried by theee additional bents and the rest of the entire superstructure. Including the chords, could be taken away. This would not pre sent a very serious feature In the building of the new bridge unless lt were that the grade of the bridge is materially changed. In this event the entire stringer system would bave to be raised enough to clear the new floor beams. In conclusion, I would call attention to the fact that lt Is not probable that we will have during the coming season any freshets that would seriously interfere with this pile work construction. We may look for high water as usual about June, but this water being back-water from the Columbia, would not carry with It any drift which we would have to contend with. I would also lay stress on the fact that the present drlrt under the bridge be removed as expeditiously as possible, before the water sinks to a lower level, as part of this drift Is already upon the bottom of the river and delay In this matter would make the removal mors diffi cult. Strict Marriage Llcense law. VANCOUVER, Wash., Feb. 4. (Spe- $250,000.00 cial.) City Attorney P. J. Klrwln haa forwarded to the Clark County delega tion in the state Legislature at Olympla a draft of a proposed amendment to tho state law regulating the Issuance of marriage licenses. The amendment pro vides that one of the parties making application for license to marry must have been a bona-nde resident of the State of Washington for at least 90 days Immediately preceding date of SHid appli cation. Under the present law no time limit -4s imposed and as a consequence, Van-, couver, being on the border line, has for some time been the gretna green for runaway couples. There is a feel ing in Vancouver that the law dealing with this matter should be stricter. BROKER COMMITS SUICIDE Chicago Man Ends Life for Xo Ap parent Renon. CHICAGO. Feb. 4. Bland Ballard, a local stockbroker and well known as a golf player, committed suicido at a hospital in Lake Korest today. Af Mr. Ballard's late residence it was stated over the telephone that Mr. Ballard ha not been ill and that no cause for the act was known. Ilarriman Plans Trip. SAX FRANCISCO. Fob. 4. According to a message received by V. II. Crocker, of this city, E. H. Ilarriman, tho rail way magnate, is coming here for a brief vacation next week. He expects1 to spend most of his time hunting ducks on his preserve, situated In tho Suisim marshes. He bought the hunting grounds from tho late Herman Oelrlchs several years ego. but this will bs tha first time he has ever phot there. Children's shoes at factory cost. Best makes at Rosenthal's. Bonds Stocks Securities For Sale by T. S. McGrath Lumber Exchange PORTLAND, OR. TRAVELERS' GtTIDK. SAN FRANCISCO PORTLAND 81 S. CO. Only direct steames. and daylight sailing. From Alnswortlt dock. Portland. 4 f. Jd.: tiS. Senator, Feb. 0, 19, etc. SS. Kum t'lt.v, l-'eb. 11, 26. etc. From I.ombard-st., San Francisco, 11 A. M. I 8. Kom- City. Feb. 6, 20, etc. ISS. Senator, Feb. I, 21. etc. J. W. Hansom, ljock Agent. Main 26H Ainsworth Dock. M J ROCHE, City Ticket Agent. 112 3d St. ' 1'hoiia Main 4Ui. A H02. NorthPaciri: S.3. Cd'j. Stsimi!..; loaooKd and Geo. W. Elde; Sail lor Eureka, San Francisco and Los Angeles direct every Thursday at 8 P. M. Ticket office ISi Third St., near Alder. Both jiboues, M. 3314. H. Young, Agent. COOS BAY LINE The steamer BREAKWATER leaves Port land Wednesday, tt. P. M., Kfbrusiry 10, from Ainsworth dock, for NortU Bend, Mursh fleld and Coos Bay points. Freight receive! till t P. M. on day of sailing. Passenger fare, first-class. $10; second-class, $7, In cluding bs-th and meals. Inquirs city tlckst oftico. Third and Washington strssts. ot Ainsworth dock. Phons Main 28. CANADIAN PACIFIC Weekly 9H.linic Montreal-ijubo to Liverpool. Two days on t h ma Jcatir St. Lawrnr and only four days a Writ for Humrner fcalHnjr 1 t an 4 rrnklti. F. R. JOHNSON. P. A., 142 Third Street, Portland. Or.