COFFEE MAY GO UP
THE MORNING OREGOXIAN. WEDNESDAY, MARCH 24, 1909.
Effect on Tariff Legislation on
the Market.
EXPORT DUTY PLAYS PART
Ccneral Advance in Spices as Result
of the Changes In Payne Bill.
Local Oraln Trade Quiet.
Foreign Hop News.
Coffee win ot he entirely on the free
list. If the Payne tariff bill, ae Introduced
in the house, become a law. The bill pro
vide, for a countervailing duty on all coffee
brought from countrle. which lmpo.e an ex
port tax on thl. article. The passage of the
hill a. Introduced will mean higher prices
in the coffee market.
The following telegram was received yes
terday by Closest A Devers. of thl. city,
from c. B. Blckford & Co.. of San FTan
claco: "Congreaaman Needham. of the way. and
mean, committee, telegraphed here that the
Payne bill provide, that with any country
Imposing an export duty or charge upon
coffe. exported to the United States, a duty
equal to euch duty or char.. .hn k
iected. Santos- export tax la equivalent to
a cent and a half, excluding the 20 per cent
surtax, that of Rio half a cent. Guatemala
one cent. Salvador halt a. cent. Coata Rica.
?h "."J" Colombia free, and Venesuela
three-eighth, of a cent."
dOM ,h market feel the
ir. k th' chKO. but there ha.
also been a general advance In aplcea
5"" tock' " hand, of Pacific Coaat
Importer, are concerned, ha. been advanced
i;"1 talent of nearly the entire 30 per
with ,hU , P'C 'n '" touch
711 I fading Importer, .tate that aplcea
can probably be bought now at an average
advance of 13 to 20 per cent over the pric"
t"" ag0' but thre "em doubt
1,." wh,en th anff question 1. settled and
Porter. 0r,nth' "W e" lnt
porter, will exact the whole 80 per cent
kl'f"."" 'n nM Lll" Deen Quoted
by moat of the jobber, equivalent to about
83 per cent of the propoaed duty.
1'IJ.CCS BUYS THE Ml'ECRE HOPS,
large Lot at Aurora I. 8oId at Sevea and
One-Half Cents.
The .ale of US bale, of Aurora hop. by
Mu'c to Jullu. Plncu. at T)4 cent,
was reported yeaterday. This wa. the only
mark"" Pt h0f" dne lD th6 l0Cal
kof rtCM".f0rn" le"er that mar
ket dull for apota and contracta. The root,
are .aid to have wintered satisfactorily
New York advice, reported aale. of .tate
hop. at 15 H cent, and one very choice
"t at 14 cent.. Ttvese. It 1. said. prac
tically cleaned up Schoharie County "
A cable from Iron Monger, of London
to laaac F Incus Son. said-
'Market dull, with only few buyer.. No
improvement anticipated In the near future.
Common to medium hop., market ha. de
clin.d; good medium to prim hop.. m.rket
Arm but unchanged."
Klaber. Wolf & better'. London cable
aid : "
"Market continues In very quiet state."
LOCAL. ORAIS MARKET IS QUIET.
Mce. Ar. rim nt the Previous Quo
tations. a but firm all around. The price, of th.
prevlou. day were quoted.
Bid and asked price, were quoted at the
Board of Trade- aa follow.: .
WHEAT.
::::::::::::::::::::;i;0
OATS.
ApH,h. ::::::: i.-o
BARLEY,
Msrch ...
April 3 BO
Receipt, In c.r, were reported by the
Merchant. Exchange a. follow.:
March 20-81. Vl'y "iV 0a."
March S2 i? . '2 4 2S
Total la.t week. j !.f - B J
Supply f Vegetable.
California vegetables . wene In full .up.
Ply yeaterday and In ,om. line, price, were
lower. Rhubarb wa. e.pec.a.ly weak It
1 per box. owing to the advance of the
oc.l artlc.e. A.par.gu, .OId fneely t
cent,. The .Earner brought up arti
choke., asparagus, rhubarb. r.dlahe..
lemon, and pineapple.. a car each of
celery and lemons also arrived. The Florida
tomatoe. will be In Thursday night.
Mutter Market Very Active ,
At the reduced price of s4 cents the city
butter market wa. very ctiv. nd Mm, o
the creamerie. were unable to nil all tlwlr
;t c.n""forn,a but,er w"
Kgg receipt, were very large, but all
cleaned up at unchanged price.
Foultry was scarce, active and nrm.
Hank Clearings.
Clearing, of the Northwestern cltle. v,a
terday were a. follows:
rortland fr'- Balances.
eait". 1.1M.144 111H.2.S4
r "" l,S4.;l0s lS'l V"
la.-j.ma M..1.407 J- s??
fORTLAXD MARKETS.
Grain. Flour. Feed. Etc
..'iTrW rFSKxflVVE1 H-u'sslan-I'lVaUey.
W'"- "
KI.OIH 1'ntents. 5.6K per barnel
straights. 4.US: exiorU. ,4.10: Valley. s li"
W'Vo"'"' whol" wheat, quarters
OATS No. t white. S40 por ton.
MILLSTl'PFS lilan, l-,u;.6i per toal
m ?di'"f " ,:t3; h,r- 2jo: chop, 20ca:
rolled barley, $31 u 32.50
LtARLKY Feed. 31 per ton.
H.W Timothy. Wlliaiiiette Valley, $13013.
ET,r lon,:. Kastarn Oregon. lrt4T18: clover. 1J
13: alfalfa. 14Si4lo; grain hay. $1301;
theat, SVX Vl14.50; vetch. 13.60j 14.au.
Dairy and Country Produce.
BI'TTER City creamery. extras. 34c:
fan.-y outride creamery. U'J34c per lb -'aii:ornla.
aiiSJIl'Ho; store, 1SiU'20c Ttut
ter fat prices averaxe 1 cents per pound
unrior regular butter prices 1
r.i,.i-urtftm rancn. iowile per doxen.
4.rlfa.h.ffc. hancy cream twins, nftni..
per lb.; full creum triplets. 17174c- full
cream. Young America. ISSfJSSc "
KAL Kxtras. loyllc per pound: ordl.
ary. lc-. heavy, to. -
PORK Fancy. SVuBlOo per lb.; large.
IffiiS'l.
anparegua. 12He per pound; beans. 2Sc;
cabbage, J"4jJi,c per pound: cauliflower, i
: celery. J4.75 per crate; cucum- J
rhubarb. $2 per box; aplnach, $l1.2o; I
Groceries. Dried Fruits Etc
DRIED FRUITS Apples. 8c par lb.;
peaches. 7 14 ii 8cr prunes. Italians. SaarCo;
prunes, French. 4-Jtic; currants, unwashed,
cases, 8S4c; currants, washed, cases. 10c;
ngs, whito fancy. 50-lb. boxes. 6'Ac; dates.
IxdT Vac
tiALJdON Columbia River. 1-pound tails.
.2 per dozen; 2-pound talis. $2.05: 1-pound
aala, $2.10; Alaska pink. 1-pound talis, 5o,
red, 1-pound tails. $1.45; sockeyes. 1-pound
tails, $2.
COFFEE Mocha. 24 028c: Java, ordinary
17 0 20c; Coata Rica, fancy. ISO 20c; good. -ICtrlSo:
ordinary. 12 HQ 18c per pound. I
NUTS Walnuts. 12 V 12c per pound by 1
sack; Braxil nuta. 16c; fllbsrta. 15c; pecans. 1
7c; almonds. 13 Ho: chestnuts. Italian. 1
11c: peanuts, raw. 14 etc; pinenuta, lea i
12c; hickory nuts. 10u; cocoanuts. too per
SITQAR Granulated. $5.80; extra C, $5.40;
golden C, $5.30; fruit and berry sugar, $5.90;
plain bag, $5.70; beet granulated, $5 70;
cubea (barrel), $6.30; powdered (barrel)
$6.15. Terma: On remittances within 15
days, deuuet 4c per pound; if later than la
days and within 30 days, deduct He per
pound. Maple sugar. l5 ISc per pound
SALT Granulated. $13 per ton. si B0 per
bale; half ground. 100s. $7.50 per ton; 50s,
$8 per ton.
..PA1?'8-SmaU whlte, 14c: large white.
Bc: Lima, 60; pink. c; bayou. 4c: Mex
ican red. 5 c.
PORTLAND LIVESTOCK MARKET.
Prices Current Locally on Cattle, Sheep and
Hogs.
There le a stronger tone In the market
for hogs and cattle. The best grades of
the former were advanced a quarter of a
cent yesterday because of the light supply
and strong demand. Cattle prices were not
changed. Sheared sheep are now beginning
to arrive, a shipment coming In from Echo,
and this was one of the factors In an easier
sheep market yesterday. The receipt, yes
terday were 217 cattle and 527 sheep. Late
representative sales were: 25 steers, aver
age 1U0O nounds. M 2S- "1 .i.... AuracA
1110 pounds, $3.40; 3 steera. average 4175
pounds. $3.25; 27 steera, average 1140
5"unds. $5.40: 26 steers, average 1 130 pounds,
$3.30; 1 bull, 1350 pounds. $3.25; 1 cow.
1300 pounds. $4; 238 alteep, average 88
pounds, $5.50; 24 sheared sheep, average
US pounds, $5; 263 sheared sheep, average
IOO pounds. $3; 712 sheep. average 8G
pounds. $3.25; 30 steers, average 8!) pounds.
$4.30; 2S steers, average 1050 , pounds, $4.55
18 steers, average 1013 pounds $5.
The official quotations of the Portland
Livestock Exchange were as followa-
CA.TTLE Top steers. $5.255.50; fair to
good. $4. 5 s5.fto ; common to medium, $3 23
a 4.50; cows, top, $4.25; fair to good. $3.50
4.00; common to medium, $2.51(53 50;
calvesr top. $5.00(g5.50; heavy, $3.50(iiJ4.00;.
bulla and stags,' fat, $3.00 a 3.50; common,
$2.00(h'2.75.
HOGS Best, $7.25rgi7.5fl: fair: to good,
$0. j (81 7 no ; stockers, $5.506.50; China
fats. $rt.75.
SHEF.P-rTop wethers, $5f5.75; fair to
good. $4. 50 l. 73; ewes. c less on all
grades: lambs, top. $6.506.75; fair to good.
$6.00)6.60. '
WHEAT GAINS A CENT
War Talk and Export Demand
Lift Chicago Market.
TRADE ON ACTIVE SCALE
tal; beans. TOO sacks; corn. 13B centals;
dlings, 10 sacks: hay, 540 ton.; wool 293
baits; hides. 14SO.
Vegetables and Fruit.
FRESH FRUITS Apples. 65cf$;.S per
box.
POTATOES Buying price. $1.40 ig 1.50 per
hundred; aweet potatoes. SWtf3tac per
pound.
SACK VEGETABLES Turnips, $1 per
sai-k; csrrota. 90c; parsnips. $1.50; beets.
$1.75; horseradish, luc per pound.
TROPICAL FHCITS uraniei. ravels. $1
4)2.75 per box; lemons, $1.7Cxg4; grape frutt.
$4.23)4.73 per box; bananas, 5ikj6c per
pound; pineapples, :.oul.3i per dosea;
tangerines $1.7$ per oox-
ONIONS Oregon, buying price, $1.7S per
hundred.
VEGETABLES Artichokes, 76QOo do..;
Never Knew Cattle to B So High.
WESTON, Or.. March 23. (Special.)
J. F. Thompaon, who haa followed the
stock business for 25 years in this localltv,
and la ranging about 300. head of cattle on
the breaka of the Umatilla River, says he
haa never known beef cattle to reach such
a high figure as at present In the local
markets He find. It difficult to evade buy
era who are offering 4 cents for cows and 5
cents for steera. Mr. Thompson has a car
load of beeves engaged for shipment April
1. hut beyond' this has made no contracts.
He Is In the market for stock cattle, but
finds little or no stock offering. He looks for
continual good prices in view of the big
packing-house enterprises now under way at
Portland. He Intends to remain In the
stock business, having much range of his
own at his ranch on the Umatilla, apd be
llevea that the future offers more profit than
ever before to the stockman who Is well
equipped for his industry.-
Eastern Livestock Market.
SOUTH OMAHA. March 23. Cattle Re
ceipts. 2S0O; market. 10c to 13c higher. West
ern steers. $3.50(85.75: range cows and heif
ers $J5: cannera, $.-..253.25: atockem and
feeders $3(55.4(1: calves, $3.507.50; bulls and
stags. $2.75(84.85.
Hogs Receipts, 13.200; market, steady to
Sc higher. Heavy, $8. 6t(ff. 80 ; mixed $8.75
6.NI; light. $0.30(86.65: pigs. $4.505 75
Sheep Receipts. 80O0T market, -steady to
strong; market. 10c higher. Yearlings. $6.25ia
7; lambs, $7(7.75.
CANNOT LIFT THE PRICE
effort to advance eggs at
Seattle fails.
Washington Creamerymen Slake -No
Change In Butter Quotations.
Potatoes Are Weak.
SEATTLE. Wash.. March 13. (Special.)
Although strong efforts were made , today
to force the price of egga up to 25 centa,
the movement waa unsuccessful and the
price remains at 23 and 21 cents for locals
a?nd 22 and 23 cents for Eastern.
Receipts of asparagus are so heavy that
prices have dropped to 8 cents. New po
tato quotations have also -been cut to 8
centa. , Rhubarb has declined to $2.50 per'
crate.
The potato market is weak, with moat
commission dealers overloaded. Few are
asking more than $33 and much good stock
la sold aa low as $30.
The supply of ripe bananas ia so liberal
that dealers have cut the price to & centa
a pound.
Although Portland has cut butter prices,
creamery men here state that there will
be no change until next week and pos
sibly not until the first of next month.
The Supply of butter ia not heavy and the
demand is brisk.
The orange market is firmer, ' with the
ripe stock well cleaned up. The price on
fancy haa reacted to $2.50.
Expresa atrawberrlea aold today at 25
centa a box. The fruit waa in bad ahape.
Eastern Mining Stocks.
BOSTON. March 23. Closing quotations:
. 7Va!Mont C & Ct... 23
. 3 I.Nevada S
. 89 Old Dominion 4S
Adventure . .
Allouez
Amalgamated
Aria Com. . . .
Atlantic .
Hutte Coal. . .
Cal & Ariz..
Cai gc Hecla.
Centennial . .
Copper Range
35 lOsceola 120
. 13 1 Parrot aii
. 23HiQuincy so
.l"0Va, Shannon 14
.620 Tamarack 77
. 29 Trinity l:t4
. 75 United Oooper... lti.
wwij vi io-aiL a Alining 4
Oranby 94 ;l S Oil 30li
(Sreene Cananea. OiUtah 4i '
26 V I Victoria 4
i'H;Vlnon 34
9 n Wolverine 139
62 INorth Butte BS
Isle Royale.
Mass Mining.
Ml.l(Kan ...
Mohawk
Money, Exchange, Etc.
NEW YORK. March 23. Prime mercantile
paper. 3 & 4 per cent.
Sterling exchange steady at declines, with
actual business lu bankers' bills at $4.b6'
4.S610 for 60-day bills, and at $4.8K10 for
demand: commercial bills, $4.854 (M 4 8314
War sliver. 50 Sc.
Mexican dollars. 44c.
Oovernment and railroad bonds steady.
Money on call steady, l ft 2 per cent
ruling rate and closing bid. 14 per cent;
offered at 2 per. cent. Time loans firmer;
60 days per cent; 90 davs, 24f2?i
per cent; six months, 3 per cent.
LONDON-. March 23 Bar .liver, steady
23 W d per cunce.
Money, 2(o3 per cent.
The rate of discount in the open market
for short bills is 2tf2 per cent; for
three months bills la 2 3-10(4 24 per cent.
SAN FRANCISCO, March 23. Sliver bars.
50Sc
Mexican dollars, 45c.
Drafts. Bight, 5c: telegraph. 7 He.
Sterling on London, 60 days. $4.864;
sterling on London, sight. $4.88-
5"ew York Cotton Market.
NEW YORK. March 23. The cotton mar
ket opened ateady at an advance of three
points to a decline of one point and closed
ateady at a net advance of five to aeven
points. Spot closed quiet, ten pointa higher.
Mld-uplanda, 9.70c; mid-Gulf, 9.95c -No
ealea.
Close Is Strong for Both Deliveries.
Short Covering Advances Prices
in the Corn Pit Oats
Is Also Firm.
CHICAGO. Mirck 3 '.
over the Balkan situation and an Improved
export demand caused strength in the wneat
market here today, prices at the close being
up ?4c to mc. compared with yester
days final quotations. Trade In wheat was
active and the market was firm and prices
moved over a range of nearly' 1 cent. Mav
ranged between $1.15V4 and $1.1. while
July sold between $1.154 and- $1.164, while
July sold between $1.02 and $1,033. The
market closed Wrong, with May at 1.16
1.16H and July at $1.03.
Notwithstanding liberal receipts and a poor
demand for the cash grain by shippers and
exporters, the corn market waa firm all day
,"C"Te biddln by h"- Thi
strength of wheat was an Important factor.
clo 0rn "P lc- The market
pared with' fh.w'l,' Jim:
, r.n , . ' -y oeing at
6Hi4g66ae and July .at 65(S65c. ,
i. m on ouyinaT of the May de
livery by cash lntereata. At the close prices
Jul? .UtP4st?c'4C l Ma" " "
Provisions were firm. At the close prices
were 58,!c to 17?ic higher.
The leading futures ranged aa follows:
WH EAT.
Onan T,i,
CORN.
Jy-153 . .6614
OATS..
Mav. 1 K.A r .
.40 .40
MESS PORK"
bept "80 17.90 iii7 if.io'
LARp.
"ay 10.171.4 10.2714 10 1214 loTti.
ia'y- 10.35 10.40 lo'l'li . lo ll
SHORT RIBS.
Y,"iZ -5 ?? 9.4714
sept:::::: ..j-ji .
FtoSrSW" were M foliow,:
Rye No. 2, 78 c. '
Barley Feed or mixing, 6306314c- fair
to choice malting. 44oc. W " Ialr
,x sed No. 1 Southwestern. $15414
No. -1 Northwestern, $1.6414 i.oa4,
Timothy aeed $3.80.
Clover $9.
f2!:5"Mss;per arrel, $17.70 17.75.
Lard Per 100 pounds. $10.17K
Ihrt0r15 Blde lce $8.759.37H.
Girae.n-t,atr.tt.c,,ear 'b- ..
eqa,,atoC1?.Ceou.he7.h"pramaryUrecr;rt.
Whei"7600 bushel- comparecfwlth"?!,PM
bushels the eorreapondlng day a year aurn
stJet Increased 327.000 bushels. Es
timated receipts for tomorrow: Wheat B7
sd."0 cara: oa"-104
i-,,, K. , Receipts. Shipments.
corn, busheia. .:::::::::4o3:soo $i.9-2
t- i" , 334,000 291.000
Rye busheia 8,000 6 000
Barley, buahela 114,000 S-JOO
Grain and Produce at New York.
ao15?'VrOR,K- March 23 f,"t Receipts
2.900 barrels; exporta, 2400 barrels Dull
and barely steady.
Wheat Receipts. 2600 bushels; exporta. 63.
aoo Duahels. Spot firm. No. 2 red. $1 22iio
1.2214 elevator and $1.234 f. o. b. afloat; No
1 Northern Duluth. $1.2494 f. o. b. afloat:
No. 2 hard Winter. $1.23 f. o. b. afloat.
Sharp advances were scored In wheat today
as a result of higher cables, export talk
higher outside- markets and adverse crop re
ports from the Winter wheat belt. Commis
sion houses and shorts were good buyers all
day and last prices showed ,c net advance
May closed at $1.19ft and July at $1.1114
Hops and hldes Dull.
Grain at San Francisco.
SAN FRANCISCO, March 23. Wheat
steady, barley, strong.
Spot quotatlona: Wheat Shipping. $1,900
ta' CeIUal; mllllnK. l-87542.02 per cen-
Barley Feed. 1.47i41.50 per criBM.
brewing. $1.501.55 per cental
,aRed' ls2l-5 Per cental; white,
51.90ftf2 per cental: hlnnlr
Call board sales: Barley May. $1.4614 per
I, ' i-- per cental Did; December,
$1.254 per cental.
Corn Large yellow, $1.87141.7S per cental,
European Grain Markets.
LONDON. March " t r-,, ,
, - J- iinnor ten
dency; buyers, reserved. Walla Walla, prompt
40s 9d -aiuornia, prompt shipment
English country market., quiet; Fren-1
country markets, quiet.
LIVERPOOL, March 23. Wheat May. 8j
- . o .i.u; eeptemoer, 7s lOd.
Weather in England today, cloudy.
Wheat at Seattle.
SEATTLE. March 23. No ' milling quota
tions, export wneat: Ulueytem. $1.15-' red
$1.03; club. $1.05. Car receipts today, wheat
, mint j , a- car.
Dried rruit at New York.
NEW YORK. March 23. The market for
evaporated apples continues quiet, with
fancy quoted at 814914a; choice at 714
7,c: prime. S6c. and -common to fair
at 56e.
Shipments of California prunea frdm- the
Coast are about due in., the local market
and the tone seems somewhat unsettled.
although primary advices are firm. Quo
tations range from 6c to 714c for new
crop prunes up to 40-50s and from 614c to
c for Oregon prunes 40-SOs to 20-30s. I
Apricots are moving steadily into con- ;
sumption with choice quoted at V-10c;
extra choice. 10 1014 c; fancy, 11 li (j 13e.
Peaches are In light supply with choice
quoted st 56c; extra choice, 4HSr6Vc
and fancy, 7814c ,
, Raisins are dull with loose muscatel quo- t
ted at 214ti?4!4c: choice 1 n fun.. B ;
4614c; seedless. 3514c and Lon
don layers at $1.20(91.30.
Dairy Produce in the, East.
CHICAOO, ' March 23. Butter-Steadv.
Creameries, 22142914c; dairies. 20K.i25i.'.c.
EgBs Steady; at mark, 'cases included,
firsts, 18c; prime firsts, 19c.
Cheese Firm. Daisies, 1514c; twins! ISc;
Young Americas. I6I4C.
Wheat at Tacoma.
TACOMA. March 23. Wheat Milling, blue
stem. $1.22: export, blueetem, $1.15; dub
$1.05; red. $1.03.
Daily Treasury Balances.
WASHINGTON. March 23. Today's state
ment of the Treasury balance In the general
fund exclusive of the $150,000,000 gold re
serve shows:
Available cash balance ". $133,643.2.19
Oold coin and bullion............ 41 4u -N
Hold certificates U.414lu66
Chaoses in Available Supplies.
NEW YORK. March 23. Special cable and
leiegrapntc communications received by Brad.
street's show the following changes In aval'.-
aoie supplics.as compared with previous ac
count:
Bushels.
Wheat, fnited Ststes. east of Rock-
lcs. decrease 405.000
Canada, increase 232 O00
Total. United States and Canada, de
crease .175,000
.i.-cbb kiiu in (Europe, lm. reaee . . . . ow, 000
Total American and European supply.
Increase 327,000
Corn. United States and Canada, de-
crease 90.000
Oats. Lnited States and Canada in
crease ' 634,000
QUOTATIONS AT SAX FRANCISCO.
Prices Paid for Produce la the Baur Cits
Markets.
SAN FRANCISCO. March -23. Th. ml.
lowing prices were quoted In the produca
utfti&vt luuay:
Potatoes Oregou Burbanks, $1.0091.85;
Oniona $1.75(3 1.90 per cental.
Mlllstufte Bran. $28.0O&30; middlings.
Vegetables Garlic. 910c; green peas. 8
10c; string beans, nominal; asparagus, ' 8
65c; tomatoes, 75c$L25; egg plant, 20
25c.
Butter Fancy creamery. 28c; creamery
seconds. 2614 c; fancy dairv. 26c.
Cheese N ew. 14 Sr 14 14 c ; Young America,
14'&141c: Eaatern. 1714c
Ess Store. 22c; fancy ranch. 23c.
Poultry Rooatera, old. $305.50; young.
$810: broilers, small. $4.SO5; broilers,
large. $5.508.5O: fryera. $S.50!jj 7-30; hens.
$3'ff9: ducks, old. $4.505.50; young, $08.
Wool Spring. Humboldt and MenOocino.
163 19c; Mountain. 6-alOc; Nevada, 12l.-c
.P;7Yneai- 232: wheat and oats,
$22 25-50; alfalfa. $1518; stock. $12816;
straw, per bale, 60i85c.
Fruits Apples, choice. $1.50: common. 60c:
bananas. $13.50; limes, $7.50r8; lemons,
choice, $3; common, $1; oranges. S1.O0Q3;
pineapplea. $23.
Receipts Flour. 7404 sacks; wheat SO
centals; barley. s'JIO centals; oats. 630 cen-
STOCK OFFERINGS URGE
REDUCTION OF SftORT INTER
EST IN NEW YORK MARKET.
Iiondon a Seller Because ot Latest
Turn In Balkan Situation.
Money Is Firmer.
NEW YORK, March 23. The stock 'mar
ket tOdaV Showed thn ATsot . V. n . 1 .
f , the ahort lntereat which has been
brought about by the driving ' to cover ot
tariff revision bill. Some attempt was made
today by the professional element to ex-
- .... .a ... . . IJ ,1 L Uin BUlDUni Or KIOCK
for sale at the higher-price levels proved an
. . nr, ueeuH v, i l n snorts seemea
not to he so urgent and the market lapsed
Into dullness.
. There was some revival of uneasiness over
the Balkan situation abroad and London
was a seller of stocks here on a moderate
scale.
Discouragement professed, by various au
thorities in the steel trade is calculated to
arouse some caution among professional
speculators, who take these statements as
confirmatory of Information on which stock
market action has already been taken.
Due notice was ; taken of the decision of
the trunk line railroads to reduce the rate
on grain for export to meet the competition
offered by the Canadian lines. The strength
of New York Central wa. ascribed In part
to this news.
Advlcea from the copper trade were of a
more cheerful Import. Amalgamated Cop
per was one of the heavy features of the
market. Reading also was a drag on the
attempt to lift prices and the drop In the
price of that stock directed attention to the
reassembling of the conference over anthra
cite coal miners' wages.
o- A. fator of dePreMio'i came from the New
York Traction group, in which liquidation
and an unsupported state was again evident,
following the decree of forecloseure sale of
the Third-Avenue Railroad. The slump in
local traction and the perception that ad
vances brought increased offerings of stocks
for sale undermined the market"
The money market waa appreciably firmer
in response to the continued withdrawals of
IV, i",l,52n- The forel" "change mar
ket yielded somewhat In response to the
lessened demand for remittances with the
Increased demand for funds -
?ndS were ateady. Total sales, par
7VX? 2.sa6.000 united States bonds w;re
unchanged on call.
. CLOSING STOCK QUOTATIONS.
High.
7o?4
4ST4
ii'.i
41
3894
200
300
1.6O0
9414
29
.42
I OOO. 1(W.v.
, 800 10314
U 119
6,000 108
7114
167
owir:
100 10214 10214
Amal Copper tiltsoo
Am Car & Foun. 500
do preferred ... .
Am Cotton Oil... 766
Am Hd & Lt pf. sou
Am Ice Securi... 6,100
Am Locomotive .. 700 52"
do preferred ... 200 114
Am Smelt & Ref . . 19,2(0 87'4
do preferred 300 10314
Am Kit... u r . -
Am Woolen
Anaconda Mln Co.
Atchison
do preferred ,.
Atl Uat Line..
Bait & Ohio ,
Brook Rap Tran'. " 8,100 ' Vz'si
Canadian Pacific 50O 168
-enirai Leather.. 900 29 4
Central of N .J. . .
Ches & Ohio 18.200
iucago ut west.
( 'h 1 ltv jr. XT W
C. M. & St Paul..'.' 4,700 14514
, I K i3L X I . . . ...... .
Colo Fuel A Iron 2.300 33
Colo & Southern 100 63
00 isi preferred. .
Consolidated Gas..
Corn Products . . .
Del Hudson
D & R Grande . . .
do preferred . . .
Distillers' Securi..
Erie
do 1st preferred.
do 2d preferred .
General Electric.
Gt Northern pf . . ,
Gt Northern Ore..
fllinllB P.nt1
-' ... . . . . ,1 , . . uw
Interborough Met. idkki
do preferred ... 37,000
JiiiL raper .......
do preferred . . .
Int Pump
Iowa Central ....
K. C Southern....
do preferred . . .
Louis & Nashville
Minn & St L
M. St P & S S M.
Missouri Pacific...
Mo. Kan & Ttxas. a.znn
do preferred ... 60O
National Lead S 100
N Y Central 13,400
N Y. Ont & West. 7O0
Norfolk ft West.. 40O
North American
Northern Pacific
Pacific Mall
Pennsylvania
People'. Gm .
P. C C ft St L... 1,004)
Pressed Steel fur Kirt
Pullman Pal Car BOO 171
Ry Steel Spring.. 21X1 3714
Closing
LOW. jtliU
48
'si 14
40 V4,
30
- 6114
114
85 U.
103 14
60
4814
HO
5114
40
30
1314
6114
114
8614
111314
129 'A l.'iO
9414 m
29 29
41
102 14
JIM la
70
200
1,300 17974
40O TH 7Z.
3,400 131
40O 18-J4
i.iw 110
102
11814 1184
10814 118.
9314
71 14
167
2S14
101 n
235
6874
414
178
144
74
32
6214
8OI4
T8
130
1814
1.500
5K)
300
3, hi M
5O0
!00
441
8514
3514
25
3814
30
6814
414
179
144
32"
63 ,
'78
130
18U
17414 174
800
400
2,500
70O
,900 1434
50O (ARH.
BOO 143 T4
14
4214
814
"2914
45 4
7.1 a;.
o". i:.'
300 53'4
6iO 14514
4.800 70
4114
73?4
77
127
45
88
24,800 141
2O0 32
0.8O0 132
a.lOO 112T4
92
.to
44
85
35
2414
87 74
3014
153
141-5
66
142 4
' 11
33
914
28
44-is
73
129
53 "4
I4514
681
40 14.
73 3
70
126
4r.
87
140
3114
131
11014
91 T
38
44(14
85
35 14
24
37
iff
5
142
12
37
Vj
48
1714
2814
129
55
145
6814
40
73 14
76
78 li
140
31
131
111
9114
25
1714 170
3
Republic Ste'eV ..'.y. . . . ... .Z,. ..
do preferred "
Rock Island Co.. 5,700 2414 23
do preferred ... 8,800 6414 'v63
St L Southwestern
do preferred ...
oinss-isnemeid
Southern Pacific 35.1 00 120
do preferred ... 7'K) 122
Southern Railway. 3.1O0 24lJ
- do preferred . . . 500 62 1
Tenn Copper . 1.11(0 41 14
Texas ft Pacific 1.000 32
Tol. St I ft West. 600 47
do preferred ... 1.2O0 7014
union r-actnc . . .
do preferred . .
U S Rubber
do let preferred
XI S Steel
Utah Copper .
Va-Caro Chemical.
do preferred . . .
Wabash
do preferred . . .
Westinghouse Elec
Western Union ...
Wisconsin Centrai i.Soo 49
Am uei & xei.... l.zou 130
300 C3
83.9 "J 181
6C0 9514
S4i80O 'is"
1.40O 110
63
ii'8'4
122 4
23
62
41
31 T4
47
7014
3614
1.10 u,
70-4
23
63
22
?2
322
61
41 4
31
46
(1
316,000,000
PACIFIC TELEPHONE & TEEGRAPH CO.
First Mortgage and Collateral Trust 5
30-year Gold Bonds, Denomination 31000
The Pacific Telephone & Telegraph Company owns and operates what is
known as the Pacific States Telephone & Telegraph Company properties
throughout California, Oregon and Washington, both local and lon- distance
. including exchanges at San Francisco, Oakland, Los Angeles, Portland, Se
attle, Tacoma, Spokane and about one hundred smaller cities of the Pacific
Coast. .
The above-mentioned bonds are part of an original issue of $35,000 000
of which $10,000,000 hare previously been sold and are now outstanding.
These bonds have been placed on the market heretofore at better than par
and interest, and are recognized as a safe and exceedingly attractive invest-
ment, both for banking institutions and individuals.
Applications will be received at our office for the above-mentioned,
bonds at special price of 9514 and interest, the right being
reserved to allot the bonds in lesser amount than that sub
scribed for, and to withdraw the offering at any time. Full in
formation relative to the same may be obtained on application at
. our office. Orders may be wired at our expense.
MORRIS BROTHERS
CHAMBER OF COMMERCE
Public subscriptions for the bonds are being received in the
East by J. P. MORGAN & COMPANY, New York City, and N
I W. HARRIS & COMPANY, New York City, Boston and Chicago.
DEMAND EXCEEDS SUPPLY
ALI KINDS OP WOOIj STRONG AT
BOSTON.
Twenty-three Cents Paid for New
Montana and Dakota Clip.
Prices at London.
BOSTON-, Mjch 2J. In the absence of
heavy domestic stock, the local wool tran
sactions are confined to the foreign pro
duct, while in both lines the demand ex
ceeds the supply. Dealers are - eaeerly
awaiting; the arrival of -the new clip and
advices from the West show an advance
to 23c for Montana and Dakota wool on
the sheep's back. v
Very litqe of the old stock is available
and transactions are confined to small lots.
There Is a steady demand for pulled wool
at firmer prices for all grades. Some lead
ins; domestic Quotations range as follows:
Texas Fine. 12 months, 6265c; fine, t
to 8 months, 52 55c; fine. Fall, 4850c.
California Northern, 6862c; middle
county, 50G2c: Fall free, 435e.
Oregon Eastern No. 1, staple, C2g3c;
Eastern clothing, N6557o; Valley No. 1
staple, 48'&0c.
' Territory Fine staple, 635c; fine me
dium clothing, 565Sct Half-blood, 6063c-.
three-eights blood, 6658o; quarter blood,
61053c. '
Pulled Extra. 63S5o; fine "A," 68
62c; A-auper, 505&c.
London Wool Sales.
IXJXDON, March 28. The offerings ! at
the wool auction sales today were largely
crossbreeds and amounted to 14,379 bales.
The demand was animated. Americans
bought 1000 bales of medium fine at prices
from 10 to 15 per cent above the January
sales. Home -buyers paid 7 to 10 per
cent advance for some grades. The new
merinos were In brisk demand, advances
ranging from 10 to 15 per cent.
Wool at St. Louis.
ET. LOUIS, March 23. Wool Firm. Ter
ritory and Western mediums, 18 & 23c; fine
mediums, 1720c; fine. 11 17c. -
New York Sugar.
NEW YORK. March 23. Sugar Raw.
steady; refining, 3.42c; centrifugal, 96 test,
3.92c: molasses sugar. 3.17c. Refined, steady.
17i
95 93 4
21)
2,900
60O
"Alio
6,200
31 )
600
42lJ
'isii
45
7H
65
110 4
41
4214
"is"
a
65
491
103
441-i
H04
41"4
42
US
it
79
9
uoiai saies tor tne clay. eiz.7UO shares.
BONDS.
NEW YORK, March 23. Closing quota
tlona: U. 8. ref. 2s reg.101 N Y C G 3Hs 93
do coupon .101 North Pacific 3s 74 XC
U. S. 3s reg 101 North Pacific 4s. 103
do coupon. . . . 10Hi South Pacific 4s. 91
U. S. old 4s feg.119 Union Pacific 4s.loo5
do coupon. .. .12044 wlscon Cent 4s.. 94!
Atchison adj 4s. 100 IJapanese 4s
& R Q 4s 9T j
Metal Markets.
NEW YORK. March 23. Spot tin was
higher at 129 7s 6d in London, but futures
were unchanged at 130 17s 6d. Xocally the
market was dull.
Copper was lower in Ixmdon with spot
quoted at 56 Is 3d and futures at 56 15s
61. Locally the market was firm with lake
quoted at $12.75 12.87 H ; electrolytic.
12.37 hi 912.50. and casting at S12 2oia
12.37 H.
Lead was 2s Bd higher at 13 3s 8d In
London. The local market waa quiet and
unchanged, 3.07 cij 4 02 Sc.
Spelter was unchanged at 21 7s 6d In
London. The local market waa quiet at 4.75
Q 4.77 ft c
BONDS
VESTMENTS
Call or Write
T.SMcGRATH
Lumber Exchange
PORTLAND, OREGON
THE UNITED STATES
NATIONAL BANK
PORTLAND, OREGON o-
UNITED STATES DEPOSITORY
CAPITAL AND SURPLUS, $1,000,000
OFFICERS
J. C. AINSWOBTH. President. . R. W. SCHMEER, Cashier.
R. LEA BARNES. Vice-President.
A. M. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Cashier.
DRAFTS ISSUED ON ALLFOREIGN COUNTRIES
PAYMENTS MADE BY POST TO PARTIES
ABROAD WITHOUT COST TO RECIPIENTS
LUMBERMENS
NATIONAL BANK
Second and Stark Street
CAPITAL $250,000
OFFICER S.
?A?" WentworTH, President. GEO. L. M'PHERSON, Vice-President.
JOHN A. KEATING, Vlce-Prestdent. H. D. STORY, Cashier.
K. A. FREEMAN. As't Cashier.
THE BEST STREET INSURANCE
IS THE BITULITHIC PAVEMENT
It insures against dust, mud and street noises. v v
It insures against slipperiness and falling horses.
It insures against cracks, disintegration and costly repairs.
It assures a sanitary and durable street.
It assures conscientious workmanship and best materials.
It assures perfect satisfaction.
BITULITHIC INSURANCE IS SAFEST AND SUREST
WARREN COSTRUCTION COMPANY
317 Beck Building, Portland, Or.
TRAVELEKS' GLIDE.
A BROAD HINT
To -wise depositors. Bankers are making-
oil investments. Why not invest
your own money direct with practical
oil operators and make the banker's
profit? Booklets showing how and why
free upon request.
MARK E. DAVIS.
1004 Broadway, Oakland. Cal.
NORTH PACIFIC S.. S. CO.
S. S. Ceo. W. Elder
Sails for Eureka, San Francisco and
Los Angeles March 18, April 1st, 15th,
29th. Ticket office 132 Third street,
near Alder. IL YOUNG, Agent.
COOS BAY LINE
The steamer BREAKWATER leaves Port
land every Wednesday. p. M., from Aim
worth dock, for Korto. Bend. Marshneld and
Coos Bay points. Freight received till 4 P.
M. on day of sailing. Passenger fare, nrst
class. $10; second-class. $7. including berth'
and meals. Inquire city ticket office. Third
and Washington streets, or Ainswortn dock.
Phone Main 268.
CANADIAN PACIFIC
Les Thar Four Days at Sea
WEEKLY SAILING BETWEEN MONTREAL
QUEBEC AND LIVERPOOL
i0.yu0n fh1 beaut"ul St. Lawrencs
ropa. shortest ocean routs to Eu-
Nothing better on the Atlantic than our
Empresses. Wireless on all steamers,
cabin sTs!1" 84s con'1 " elass
ra.kaanYbtook!eta8ent- F Wrlt' 'r VLllin"'
h. B. Johnson. P. A.. 14S Sd St.. Portland. Or
SAX FRANCISCO PORTLAND S. 8. CO.
Only direct steamer, and daylight sailing:
From Ainsworth Bock. Portland. 4 p m"
8.8. Kose City Mar. , Apr. . etc.
U.S. Senator. Apr. g, et.
From Lombard St.. San Francisco. 11 1 m
S.8. Senator. Mar. i7. Apr. 10. -6.8.
Kose city. Apr. . J7. eto.
J. W. Ransom. Dock Agent.
Main 28 Alnsworth Dock.
M. J. ROCHE. City Ticket Agent. 142 Sd BU
Phone Main 402, A 1402. -
s