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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 2, 1909)
THE 3IORXIXG OREGOXIAX, FRIDAY, APRIL, 2. 1909. 21 HOP CRISIS IS PAST Hopeful View of Future Taken by Krebs. BREWERS' SUPPLY SHORT Next Crop Will Come on a Bare Mar In Indications of Lighter Yields in England and Germany. That th crisis In the hop market has passed and that an era of higher pricea than have prevailed for aeveral ye&ra la dawning la the opinion of Conrad Krebs, of Ralem. who was at the Belvedere Hotel yes terday. Mr. Kreba aald: "The estimated output of the American breweries for the year la Sd.OOU.OOO barrels f beer, and as Government reporta show that three-fourths of a pound of bops are required to a barrel of beer, this Indicates a consumption of 42.OUO.000 pounds, or 227. ooo bales of hops. The United states crop in 1SMJ8 as 210.000 bales. Imports were 8O00 German bales. equivalent to 20.000 American bales. From this total we must deduct 60.0U0 bales exported, leaving a supply of 170,000 bales on hand for brew ing, but 33,)0 bales of this quantity are till In .he bands of growers and dealers In this country, showing- the brewers have "nly secured 1:15,000 bales of the 1909 crop to date. If they buy all the hops left In Prowers and dealers' hands, they would still be short B7.OO0 bales of their annual requirements. This shortage must be sup plied from stocks of old hops they have In cold storage. This would Indicate that the brewers will enter the 1H0H crop with a smaller vis-It-ln supply than for the past three years. It will be seven month before the new crop Is retUy for use, consequently It looks as If those who have hops on hand will be amply rewarded for their patience. a Uh such conditions confronting us. to which may be added a probable llKht yield lit looti. the market certainly looks more ,'uu, man ir tne last tnree years. 1 would estimate the coming crop In Oregon at iio.oiio bales. California at 60.000, Wajsh iiiKion at l.l.iioo and New York at 2T..000. a total of no, otto bales In the United States. EtiBllsh growers will probably plow up MKMi aires, leaving them only 80.000 acres, and that will not grow more than 300.000 " wt. at the best. The requirements of Eng land are .-itm.ooo to 000,000 cwt. Germany lias had two large crops In succession, for which the growers received practically noth ItiK: t'l-nxoiut'utly Germany will plow under tousldt-rahle hops, and their soil does not .vle'il three large crops In succession. 1 am satisfied the crisis In the hop mar ket Is past and that the sky begins to i l.-ar for a better market." tiH.tlN orttRIXOS ARE VERY SMALX, Local Trade Is Quiet, but the Market le Mtrona;. The local grain trade takes a decidedly bullish Mew of the future of the wheat mar ket, and of the scanty stocks that are left hardly anything Is offered for sale. The murkct Is. therefure, dull, although there Is a considerable demand from the South. lTlces as quoted yesterday showed no change. Bid and arked prices at the Board of Trade were as follows: WHEAT. Ar,ni nid- Asked. AtrH '-vi i.i's ii. ia OATS. Apr" l.97'4 12.00 BARLEY. A'.r.il : l..".o i.r,2u uereipt. in cars, as reported by the Mer chants tixchanse were as follows- March S7-SS. . "fTl" " T iT HS M n rc h ! ; . 4 2 N i S -March 10 a 8 IV March .11 1 ? 1l Total last week. 4 T 33 10 7 ACTIVK TRADE y Kli() MARKET. I-rge Receipts Clean Vp With Good Loral and Shipping Demand. Kgg receipts were of the average volume and with a good local and shipping demand, everything worked off. Practically all the business of the day was done at si cents Arrival, ot poultry were larger than usual, hut there was a strong demand for all de scriptions and firm prices were obtained. 1 he butter market holds about steady, but as production continues to Increase, a fur ther lowering ot values tn the near future Is probable. tiood Demand for Oranges. Two cars of oranges were received yes terday and found a ready market. The two ...,. , ov(,r Ine north Wank lino were In ttne condition. They litloans transit from New lit'i-etnta ., . . - w 1 w.;i i. . were small and al- homlt business was not heaxy. practically '-v si-vauy prices. Bank Clearings. 1'lrartnga of tVo Northwest cities yester day were as follows: ,.,., Clearings. Bslanees. K?I .7 $1.41..378 $:tB7--J I.aHS.7a 57.17S 'P"n M).7S7 100.S5J rORTLAND MAKRETS. Vecetablee and Frnlt. R.S" 'RLTS Apples. cjil. pwr hundred; sweet potatoes, Uc per Dound new California. 7So per pound ,ou1. CK VEGETABLES Turnips, $1 per sack; carrots, too; parsnlpa, $1 50; beita. V1?horri"11"n- 1Uo P pound. -,T"f lCAl- FRl ITS Oranges, navels, $2.2S ?r-'.1!:i'V, ',".1.l-75e: grape fruit. !i"iV p" box; bananas. 5fewoo per ffnrn..,,'5,,TPilM' " doaSn' hunar.laNS"r"OU- buJlnr Tlca- '" P" VEGETABLES Artichokes. 55o dos. ; ."II!!' Uu.1- r P'und; besns. 2.V-; fc..-,'84a..ll' P"nJ: cauliflower . 60. celery $4.;5 per crmte: cucum- rliS. V' u2 V.,r ,: lettuce, hot house. $1 ,yi per box; lettuce, head, h.v per SvTW, S"'"""- 'io Per do.en; parssy' Ao per dose..; Peas. 15o per pound: ridlshei V doaen; rhul.arb. 5c per pound- spinach. $i; tomatoes. $13.50. Puna- Grain. Hour, reed. Etc .,''LE,TrTr,cJ Pces: Bluestem milling, ft 1 --.club, 1.10; red Russian. $l.oS: Ul'o ,lll,l"n' MTV1.1; Valley. Kl.OCR Patents. $5 K per barrol straights. $4.45: .xWts. $4.10; Valley. Wli" $5 40!""" h0' wne,lt auaxiera. wt.ll.lns. ehort. S2jao- cnun X90s"&- rolled barley. $31jjjst) ' P" -4' 1JA?1-V Fee1' Per ton. iimotny. t ll,amette Valley 131S r-r ion: Eastern Ore.ln cimmw. -1 1,1 IS: alfalfa. IHIS;' grain hay. $184114: chat. $14 50014.50: veteh. $1.504l4.au. Orocerlee, Dried Irults. Eta. fnitu ertwilB Apples. $Ho per lb.' teaches. Tlttfto; prunes. Italians, tVstc' v-runea, rrench. 4ttc; curranta, unwashed! rasea c; curranta aashed. cases, lool tl7fee MCJr ,b- " :i salmon Columbia River, 1-pound tails. I per dosen: 2-pound tails. $2.95; l-poood nets. $a 10: Alaska p.nk. 1-pound tails, 95o; red. 1-pound lajla. $1 45; sockayea, 1-pouai CPFFEB Mo,-ha, HO 23c; Java, ordinary 17(20c; Costa Rica, fancy. lg20c; geodl 11 -: ordinary, 12V 4 lea per pound ' NIT8 Walnuts. UOllc per pound by nrasi. buii. isc; niberts. leo; Mesas no; peanuts, raw. s6c; plneauts 1 l?c: hickory auta. eocoanua. soo urns dosen. bCviAR Granulated, ia.05; es.tra C. 15 J5; golden C, (5.43: fruit and berry sugar. 18.05 ". o.to: oeet granulated. 15.85; cubes (barrel), 16.45: powdered (barrel). s 30. Terms: On remittances within 15 days, deduct He per pound; If later thaa 11 days and within 30 days, deduct fee pet pound. Sdapla sugar. 15918c per pound. SALT Granulated. SIS per ton. Sl.M oer bale: half ground. lOOs. $7.50 per tan; SOe. 8 per ton. BiSANS Small white, fiie: large white, J4c; Lima. 6c; pink. c; bayou. c; Max lean red, ftKc. Dalry and Country Produce. - BUTTER City creamery, extras. arc rancy outside creamery, 3032e per lb -i.allfornla. 230c; store, 18&20C. (Butter fat prices average 1 i-i cents per pound under regular butter prices.) EGGS Oreiroh ranch. 21c per dozen. lOULTRi" Hens. lQls.c; broilers. "4 -c; fryers, lgfOc; roosters, old. lOfillc; young. 14ftl5c: ducks, 2022kc; geese, 10c; turkeys. IS 19c; squabs. I2.I0S1 per dozen. CHEESE Fancy cream twins. 1717e per lb.; full cream triplets, 1717c; full cream. Young America, lS18fec. VEAL Extras. 10&10ic per pound: ordi nary. isc; heavy. 5c . J'i IR K Fancy, 9!b.Wc per lb.; large. tV 7S C. Fro visions. BACOX Fancy. 21Hc per pound; stan artl, 18c; choice, 17c; English, 15;4ilbi-c; strips. 13c " " DKY SALT CURED Regular short clears, dry salt. 12Vic; smoked, 13V4c: short clear backs, heavy dry salted, 12 c; smoked. 13 fee; Oregon exports, dry salt- lihka smoked. 14 fee. HAMS 10 to 13 lbs., 14c: 14 to 1 lbs. 14c; 18 to 20 lbs., 14c; hams, skinned 14c: picnics, 9fec: cottage roll, 11c; shoul ders. 11c: boiled hams, XsZOc: boiled picnics, 17c. LARD Kettle rendered: 10s. 14 ic: 5s, 14Tc; Standard pure: 10s. 13fec; 5s, 13c. Choice: 10s, 2c; 5s, 12 j c Compound: 10s. i'ic; os. 9c. SMOKED BEEF Beef tongues, each, 60c; dried beef sets, 17c; dried beef out aides, 16c; dried beef insldes, 19c; orbed beef kunckles. 18c. PICKLED GOODS Barrels: Pigs' feet. 913; regular tripe, $10; honeycomb tripe. (12; pigs' tongues. $19.50- MESS MEATS Beef, specials, $11 per barrel; plate, $14 per barrel; family $14 per barrel; pork, $20 per barrel; brisket. $22 per barrel. 'Hope, Wool, Hides, Etc. HOPS 1909 contracts, fl!a10c per pound; 1S08 crop. 747fec; 1907 crop, J'a4'fec; 1904 crop, lfe2c. WOOL Eastern Oregon, contract, lotjp 18c per pound; Valley, 1617c. MOHAIR Choice. 23jafec, Portland, per pound. HIDES Dry hides. No. 1. lG16feo lb.-, dry kip. No. 1. 14 15c pound; dry calf skin. 17H 18c pound ; salted hides, 9&9ftc; salted calfskin. 14 felloe pound; green, lo less. FURS No. 1 skins: Angora goat. $1 to $1.25; badger, z5$F0c; bear, S520: beaver, S6. 50(38.50; cat, wild, 60c$l; cougar, per fect head and claws. $36)10: fisher, dark. $7.50011: pale. $4.807; fox. cross, 13 to 15: fox. gray. 60c to 80c: fox, red, 82.25 to $4; fox. silver, $35 to 8100; lynx, $105 15: marten, dark. $S12; mink. 75c$4.50; muskrat. 10loc; otter, $7; raccoon. 45ca COc; sea otter, $12.50. as to size; skunks 50t3)75c; civet cat. logslGc; wolf. $23 ooyote. 70cSl.10; wolverine, dark. )nE wolverlne. pale. $22.50. CASCARA BARK Per pound. 4c. CEREAL PRICES RAISED GENERAL ADVANCE IX THE SE ATTLE MARKET. Twenty Carloads of Canadian Oats KeceiTed 1'akima Potatoes Sell at Top Price. SEATTLE. Wash.. April 1. (Special.) Prices on nearly all cerenla wr here, the advance ranging from 15 to 20 cents per hundred pounds. Twenty carloada of Canadian oats reached here today. It is expected that the Government will call for bids on the coming season's requlretments in the Philippines the latter part ot next month. The supply of Mexican tomatoes Is so heavy and the quality so poor that the price has dropped to $1 to $1.25. Large quantities ot poor potatoes are of fering, recent receipts having been off-grade "",ck- A cr of fancy Taklmae were sold thla afternoon at $37. the highest price quoted thiseason. . The first shipments for Dawson and Fair banke, via Skagway, the Yukon & White Pass Railway and Lake Lebarge. left to night. The city creamery men have left the local produce exchange and will organize a new exchange to which only bona fide butter manufacturers will be admitted The split was due to the present flghi over but ter prices. SHORTAGE IX POTATO SIPPCY. Seattle Dealer Sara Supplies will Have to Come from ast. NORTH YAKIMA." Wash.. March 81 The supply of potatoes In the Pacific Northwest is several hundred cars less than what it should be at this season of the J'ear- according to Jamaa Qourley. a well known commission trjn. of Seattle, who la in the valley looking into the situation Mr. Gourley says there Is no question that the supply of potatoes in Washington is short l'O0 cars this Spring. He says that ?h1nVt?L.be?-t '"formation he can obtain, the laktma -Valley, the White River Valley and the sections ot Oregon that usually ship to this market have not over 450 cars of potatoes available for Seattle and Ta coma, while Kverett and Belllngham and other small towns are away short on the upply they should have at this season of the year. nc"Y appears that potatoes will have to be shipped in from Minnesota and other Lastern points, and from present Indications .4,.'" eT- ",id dowa ,n Seattle. rom 41.50 to $43 a ton. Mr. Gourley says he C.'.Tr." from tn" Pts-to states of the Middle West that the supply of total o there 1. much shorter than i. u?JalPat ,n1. season of the year. From the bes? Ind " cations It would appear that the Paclno Northwest will have a decided shortage of potatoea until the new crop comes In. QUOTATIONS AT SAN 1UAX CISCO. Pricea paid lor Produce In- the Bay CUl Markets SAX FRANCISCO, April 1 -The fol mZSSt "ESS?: qUOUHl ,ha K.!CtVtJ"on Burbanks. $1.401.75: SaMnas Burbanks. $l.oei.Si; sweets. $1.75 vf'10!"7,10"el'S per cental. t!?!&:BnU- middling esceSV5.fr'!!,VGar,lc' "iOc: Teen peas. 4 Kt?-' fiZZ f bi?s. nominal; asparagus. 2 i ,om""' 7oc1.25; egg-plant? 20 Butter Fancy creamery, 25c: creamerv seconds. 24c: fancy dairy jc creamery i0hI!t,r&Soo"tt'rm'.old- '5: young. I99 J-u5ro'J - ,m". 3B5.0; brolters, large. old. $5w; young. ig9 e.ChwiTNeS' 13liHc: Toung Ameri ca. 14415c; Eastern. 17c Eggs Storey 2ic; fancy ranch,. 23c. e,!f00Uth . Plain San Joaquin. 8 15c; Mountain. OtflOc; Nevada. 124T15C sn?la.yr'VV,''f?' wheat and oats, $21824; alfalta, 14 17.60; slock. $11.50ltt; straw, per bale. 085c ' oFrltApp.";".cholce' 17: common, euc; bananas. $lfflS.50; limes, $S.50?9- lem-"i.n;';ho"-'' 3; commons. $1; oranges. $1.23 1 2 SO; nneaj..ples. $-'tt 4. Receipts Hour, sacks. 7208; barley, cen t .Is, 42 Jo; oats, centals. 1145; beans, sacks. ,?otloM- acks. 4540; bran, sacks. 30 middlings, sacks. i45: hay. tons. $02- wool bales. 494; hides, 405. Baatent Mining Stocks. BOSTON.-April 1. Closing quotations: Adventure 8 fMont C ec C . 3i S Nevada . 76 I old Dominion . 40 ". Osceola . . 85 . . 20 .. 51(4 . . 130 . . S4 .. 8S .. 14 . . 7 Ailouex Amalgamated . Arii com Atlantic 13.4 t'arrot Huue Coallttoa. 24:'uincy .. Cal 4s Arlsona..lol ;hannon ! Cal ia Hecla .OO .Tamarack CTentennlal 30 Trinity roiper Range 77 Icniied Copper. t C r.aly West 10HIC S Mining 4Tt hranklln 15:1' S Oil 3214 Granby 97 ll'tah 41 V Sreene Cananea. 10 Victoria 4v Isle Rnyale 28 ti Winona ' uTi 14i ..'.US ... " tlVMCIlUC ... Michigan 11 iNorth Butte . Mohawk tj- ! .144 . 724 NEW TORK, April 1 losing quotations: Alice 175 Brunswick Con., a Com Tun Stock. 20 Coin Tun Bonds 15 Con Cal . Va 4 Iadville Con . . 45 Little Chief in Mexican . a JClntarlo S0O Kphlr 10s Horn Silver .... rts standard 1 Iron Silver 100. Yellow Jacket ". . 5 Wool at St- I.oui. ST. T.Ol-IP. April 1. Wool Steady: ter ritory and Weatera mediums. 18ef25c; fine mediums. 17q:vc; fine, nulla STOCKS MOVING UP Investors Believe General Business Will Improve. DEMAND IS BROADENING Harrlman Interviews Used In Far- therlnjr the Advance Reduction In English Bank Rate Causes Foreigners to Buy. NEW TORK- , - " " - rnce movements " ,'oc,k market developed a mixed , lo KIlns ana iOSSM ,how- r tl,1ef U';rlty dur,nB th Progress of most or the trading tki- ,4. . .. . not, however, obscure the absorptive power Or the mai-tai . i -. .. , - " eiiecttve character of the new demand which has come Into the market In the last few days. The high 2f which prices were started today. TZ the h"-P advances scored ye.terl ,y and combined with the material broad . .'J" P'c'Patlon from mlsoellan eous outside sources offered . geous an opporunlty to convert profits Into " was taken advantage of. action or the market In the last few days had its effect in bringing in some in crease of buying orders at the outset, but 1 concentrated character of the dealings and the concerted operations of the advance gave evidence of an organized speculative party in the market at work. These rumors were of great effect in shaping speculative sentiment. nevertheless. The professional element viewed then, were constantly testing the market for a " . l w i l ii u ij i success. The basis for the movement continued to be the conviction that th bottom of the business depression had been - touched and tnai improvement is to follow. Some of ...o uj a news confirmed the views of an upward trend of hiiRlrwxi , i fesslon of confidence by E. H. Harrlman to this effect was one of the Items of this news. So. also, was the announcement that the Ensley steel plant of the Tennessee Coal Iron Company had not shut down on April 1, as had been previously determined, in consequence of the receipt of enough orders to extend the active period of opera tion. The large businesa booked in March for structural steel -or am nft.,H - auence of the inwi- -- i - . - ' " LUMl 11 Hilt;. Notice of wage reductions failed to cause uisturoance, in consequence of the apparent acceptance by workmen of the situation The action of United 'States Steel in the late market In its aggressive advance through enormous sales made at BO to a top price of 61. was of material sentimental effect on the whole market. Newe from Washington of formidable opposition form ing to some ot the proposed tariff reduc tions, seemed to be accepted with quanlm Ity If not with satisfaction. February earn ings reports of railroads are regarded as satisfactory evidence of Improving traffic conditions. The reduction in the Bank of England dis count rate, although expected, gave tn Initial Impetus to the rise and was an in fluence in Inducing continued purchases of stocks by foreigners. Use was made by the speculative element of words and phrases In the numerous -interviews given out by E. H. Harrlman to push upward movements In special stocks. En couraging reports of the condition of the Winter wheat crop mado a substantial basis for much of the hopefulness over businesa prospects. The market was strong and the most ac tive at the close o,f the day. Bonds were. firm. Total sales, par value, $6. 466.009. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Amal Copper 14.5tio 7tts 75 7ttB Am Car Ac Foun. 2.70O 50 -41 48 do preferred . . ..... llo1.. Am Cotton Oil.... 1,300 53 52 62 Am H1 & Lt pf. ., 39H Am Ice Securl... 13,700 34Ts 33 34 Am Linseed Oil.. 14 Am Locomotive... 1,700 55 64 64 do preferred 114ai Am Smelt & Ref.. 26,900 m 87 S8' do preferred ... H 104, 1U4 I0414 Am Sugar Ref 1.500 12 132 132 L Am Tobacco pf.. 31K) 514 5 9514 Am Woolen 3O0 33 .,33 33 Anaconda 51 in Co. 3,100 45t 44 46 Atchison ltf.SOO 108 loij 108 do preferred 104 Atl Cuaet Line... 4.2u0 123 121 12214 Bait & Ohio 2o,ooo 113 112 112 do preferred 94 Brook Rap Tran. 17.O0O 7tt 74 75 Canadian Pacific. I6.800 177 173 17.. Central Leather.. 3O0 29 29 29 do preferred ... - lol Central of N J 235 Ches & Ohio 68,400 71 6 7o tmcagt ut west. iAi 5 5 5 Chicago A N V.. 400 181 181 181 C. M & St Paul.. 23.2UO 150 140 140 C, C, C t St L... 500 76 75 76 Colo Fuel & Iron.. , loo 37 36 36 Colo & Southern.. 60O 64 64 64' do 1st preferred ..... 82 do 2d preferred 77 Consolidated Gas.. 3,700 139 138 138 Corn Products ... 800 18 18 18 Del & Hudson 1.6t)0 179 178 178 U & R Grande... 32.200 49 47 48 do preferred ... 2.100 08 87 87 Distillers' Securl. . 800 86 36 36 Erie a, 00O 30 29 29 do 1st preferred. 1.6.H) 45 45 45 do 2d preferred. 2tK 35 35 85 General Electric. I.OCO 158 157 157 Ot Northern pf... 7,000 14 145 145 Gt Northern Ore.. 5oO 68 68 68' Illinois Central .. , loo 147 146 146 Interborough Met. 1,9"0 13 12 13 do preferred ... 11.300 4U 38 39 Int Paper ..... V do preferred ... 20O 52 51 61 u Int Pump 300 ;t.s 38 38 Iowa Central .... 5nO 29 29 29 K. O Southern ... i.ThiO 47 46 46 do preferred ... 400 73 73 73 Loula Sc. Nashville 4,8i0 135 134 1:14 Minn & St L lOO 56 56 55 M. St P & S S M. 1.5DO 145 144 1451? Missouri Pacific .. 7.200 73 72 72 Mo. Kan & Texas. 9.30O 43 - 42 42 do preferred ... 2O0 74 74 73 National Lead ... 7. 8O0 82 81 82 N Y Central 20.4H0 181 130 130 N Y. Ont & West. 6.200 47 47 47 Norfolk West. 13.400 92 90 tK. North American.. OOO 82 81 80 Northern Pacific.. 13.300 144 143 144' Paclno Mall 31 Pennsylvania 45.30O 135 133 133 People's Ga 10.3'X 114 113 114 P. C C & St L. . ::. B.1 93 82 Pressed Steel Car. 400 38 SS 38 Pullman Pa Car 171 By Steel Spring.. 1.100 39 S 38 Reading 131.900 137 135 13 Republic Steel ... 2.700 23 22 22 do preferred ... 1.800 74 74 74 Rock Island Co.. S.900 25 24 24'm do preferred ... 4.400 64 64 64 St L & S F 2 pf. 2ix 3i 38 y3H St L Southwestern 600 24 24 '24i1fc do preferred ... 5'K. 56 5ft 56' Sloss-SheffleM .... 3CO 74 73 74 Southern PaclBc. 27,300 1 23 122 122 do preferred ... 800 125 125 125 Southern Railway. 9,9no 26-?s 26 26 do preferred ... 3. 000 65 64 64 Tenn Copper .... 6.700 41 41 41 Texas 4b Pacific 6.4X 34 33 34 Tol. St L & West. 2.700 62 61 61 do preferred ... 1.0O 71 71 70 Union Faclflc ...116.700 187 185 186', do preferred ... 6n0 95 85 ' 94' U S Rubber 2u 32 .12 32 do 1st preferred. l.OOO 104 103 lo3 U S Steel 189.800 51 49 50 do preferred ... 8.300 1131 113 113 Utah Corper 600 44 43 43U Va-Caro Chemical. 4.900 45 44 44 do preferred 11 j Wabash 800 18 18 18 do preferred ... 8.20O 48 47 47 Westinghouse Elec l..iM 83 82 82 Western Union 4.w 67 67 ' 67 Wheel A L Erie. L40o 10 9 10 Wisconsin Central. 7l 49 4S 49 Am Tel & Tel.... 6,500 131 131 131 Total sales for the day. 1.021,500 shares. BONDS. NEW YORK. April 1. Closing quotations; U S Ref 2s Reg.ini:N Y O Gen 3s. 93 do coupon ....lol Nor Pacific 3s... 74 S 3 Reg H1! do 4s 102 do coupon . . . .101 Ifnlon Pacific 4s. 102 C S new 4s Reg. 119 Wis Central 4s.. 95 do coupon . 120 I Japanese 4s .... 86 D 4b R a 4a SS ! Stocks at London. LONDON. April, 1. Consols for money. 84; consols for account. S5. Anaconda '.IN Y Central .133 At. hison 1141 Norfolk A W Ptd 107 I do pfd ....... 90 Bait Ohio. ...115 nt Western.. 40 Can- Pacific 17S Pennsylvania ... 6 Ches St Ohio 71!Rand Mines 8 Chic Grt West.. 5 Reading 60 - - . ! - HVUIUSI II XV . .... I De Beers - 33! do pfd 67 D 4b R G 49 Southern Pacific. 1 25 1 do.bfd - DilU, ITnlnn ln.ft lOA Er'e 3!VI do Dfd - SW ' do 1st pfd 47 V S Steel 50 dO 2d Tit ft .trt t Ha . 1 Grand Trunk'... 20hvabash .'. 18 Illinois Central.. 150 do pfd 4S .outsvtiie & N . . 13S ISpanish Fours 96 M K 4b T ... 4-4 lAmal CODDer 77 e M(Micy, Kxchange, Etc. NEW TORK. Anrll 1 Mnnfv on ell easy. lr2 per cent; ruling rate and elos- ng Dta. 1 per cent, and offered at 2 per cent. Time loans dull, and easv- 60 davs. 2 per cent: 90 davs. tlxi. npr rpni - six months, 3 per cent. Prime mercantile paper, 31-I&4 per cenu Sterling exchange, steady, with ' actual business In bankers' bills at $4.S6? 4.S610 for 60-dav bills, and t 14 R70.1 for ri.mTu Commercial bills. $4 75 4.73. "oi silver .'l, (-. Mexican dollars 44c. Government bonds Steady; railroad bonds firm. LONDON. April 1. Bar silver steady, 23 d per ounce. Money 12 per cent. The rate of discount in the open market for short bills is 1 rer cent: fn- thr.n months' bills, 1 9-16 per cent. SAN FRANCISCO. Anrll 1 v. 50 cents. Mexican dollars 45 cents. Drafts Sight. 4c: telegraph. Be. Sterling on London 60 days. $4 86 sight, $4.87. ' Bank of England Bate Reduced. LONDON, April 1. The rate of discount of the Bank of England was reduced today from 3 to 2 per cent. The erteady influx of gold from all quarters decided the directors of the Bank of England to reduce the rate. The prospects all point to a plethora of money throughout the Summer, and in some quarters' a further reduction of 2 per cent i zorecasted. . Dally Treasury Statement. WASHINGTON. April 1. Today'a state ment of the Treasury balance in the general fund, exclusive of the 1 $150,000,000 gold re- wos, snows: Available cash balances $133,934,071 toia coin and bullion 42,511,528 Gold certincatee 47,661,660 PORTLAND LIVESTOCK: MARKET. Pricea Current Locally on Cattle, Sheep and Hogs. There was no material change in the llve- iock marKet yesterday. Cattle were quo ted at the former nrli-cn hut ri..!.,. , - ri different opinions of the real condition of the market, some considering it weak and others were inclined to take a mors bullish view. Hogs were in strong demand and sheep also moved well. Receipts for the day were 250 cattle. 203 iurs ana da norses. Recent representative sales were: 33 sheen, nvprnpln. m nn..nB at $6.25; 33 feeder hog-). S7 pounds, $6.G0: 4- hogs. 164 pounds, $7.25; 10S sheep, S3 pounds, $6. The quotations of the Portland Livestock Exchange were as follows: "-Alibis Tap steers, $5.25 5.50; fair to good, $4.755.00: comrmon to mii.im e-i .-. tfSA cow8' top'' '25: alr to good,' $350 " cuinmon to medium, $2.50Q3 50 Calves, top. $5.005.50- heav-v 4-t mai nrt. 2 00a75 "taB"' rat' 3-003-5O; commonl .JiP?2rBest' 7.20 7.50; fair to good, Z . tockers, $5.50ig.6.50; China CO. 1 .,. sixccc j op wetners. $5tff5.75; fair to Sood. $4.50tg4.75; ewes, c less on all S is , . -S!' top' 8u -'5rg)6.50; fair to t.ww.w; spring lambs, $9 10. Eastern Livestock Markets. ivaasas CITY. Mo.. April 1. Cattle Re ceipts, 2000: market strong to 10c higher t,io.ca; native cows and heir ers. $4!: stockers and feeders, $45 60 calves. 375g7.50; Western steers. $4.8086.30 Western cows. $3.2565.25. HogsReceipts, 12.O0O: market. 5c higher. .u.iv in saies, so.omu6.9o: heavy. $6.85 packers and butchers. $o.75.B5; light. $6:40 lugs. eoo. Sheep Receipts, 4O00: market, strong. Mut 10110 .zDfq.z5; lambs. $6.5&8.15; range -- ' . it , . o , iea ewes, 1 i o. O.MAHA. April 1. Cattle Receipts. 1SOO; eieaay. . estern steers, $3.50S5-75 Texa'Lstc'ers' 3B6; range cows and heif ers, z.u8tz.so: canners. S2.25R3.25: stockers and feeders. JSWS.SO; calves. $3.257.25; bulls B.1U BLntSB, .1(1 . mi. Hogs Receipts. 650O: msrket.' 5c higher, closed weak. Heavy, $8.75lg6.85: mixed. $6.60 -86..0; light, $.256.90; pigs, $4.75g5.75: bulk or sales, $B.606.70. Sheep Receipts 5000; market, steady. Yearlings. $6.5o7.35: wethers. $3.756 50 ewes, $5.25S.lo; lambs.- $7.25S8. CHICAGO. April l. Cattle Receipts, esti mated at 500O; market, steady. Beeves, $4.707.10; Texas steej-s. $4."405.5O: West ern steers. $4.00 5.50; stockers and feed ers. $3.505.50; cows and . heifers, $1.90 6.63; calves, $5.75 S.00. Hogs Receipts, ll);000: market generally 5c higher. Light. $6.u0ji6.5; mixed. $0.63 W7.10; heavy. $6.737.12; rough. $6.75 6.85; good to choice heavy, $6.S5$i 7.12 ; pigs. $5.60e.4O: bulk of sales. $6.S07.05. Sheep Receipts. ll.OOO; market steady. Native, $3. 75 Si) 6.40; Western. $3.756 50; yearlings, $6.30S7.40; lambs, native. $6.00 8.25; Western. $6.008.35. Metal Markets. NEW. YORK. April 1. The London tin market was unchanged at 134 7s 6d for spot, while futures were a shade higher at 135 10s! The local market was quiet at 29.4529.65c. Copper advanced to 57 12s 6d for spot and 58 5s for futures In the London market. The local market was quiet and unchanged, with Lake quoted at 12.87ai3.12c. elebtrolytlc at 12.5012.75c and casting at 12.37a 12.62c. Lead was unchanged at 13 13s 9d In Lon don. Locally the market was steady at 4.07 ti4.1fif. Spelter was unchanged In both markets, be ing quoted at 21 7s 6d in London and 4 77? 4.82c locally. The English Iron market was reported lower, with Cleveland warrants quoted at 47 3d. No change was reported locally. No. 1 foun dry Northern Is quoted at $16.75. No. 2 at $13.7516.25. No. 1 Southern and No. 1 South ern soft at $15.75916.25. Dried Fruit at New York. NEW YORK. April 1. The market for evaporated apples continues very quiet, with fancy quoted at 89c; choice. 7 7c; prime. 66c; common to fair, 56c. Prunes are quiet, but prices are main tained, as stocks are evidently well con trolled. Quotations range from 37Uc for new California fruit up to 40-50s and from 6 9c for Oregons. 40-50S to 20 -30s. Apricots are unchanged. with choice quoted at 9 ft 10c; extra choice, 10 9 10 "Ac. fancy. 11 13c. Peaches are quiet on spot, and demand Is light, with choice quoted at 66c- extra choice. 66c: fancy. 76Sc. Raisins continue dull. wlth loose muscatel quoted at 84c; choice to fancy seeded 4'6c: seedless. 35c; London lay ers. $1.20 1.30. Coffee and Sugar. NEW YORK. April 1. Coffee futures closed steady at a net decline of 5 to 20 points. Sales were reported of 19,000 bags including May at 6.957.0(V- September .156.30c; December. 5.906.00c; January' 6.00c; February and March. 6.05c c0t qUiet; No- 7 R1' 8c: Santos No. 4, Mild quiet; Cordova. 13c Sugar Raw firm; fair refining, a 5c centrifugal M test. 4.02o; molasses sugar 8.27c Refined steady: crushed. 6.65c- pow dered. 5.05c; granulated. 4.95c P Dairy Products In the East. CHICAGO,. April I. Butter Creameries, 2229c; dairies 25c. steady. 20 ESe"" Steady at mark, cases Included; firsts. 19c; prime firsts, 20c. Cheesa Firm. Daisies. 15 16c; twins. 15c; Young America, 15c. NEW YORK. April 1. Cheese, firm, unchanged. changed1. Butter, steady. Eecs. steady, tin- w York Cotton Market. NEW YORK. April 1. Coitpn Spot closed quiet 10 points higher; middling uplands. 9. 93c: middling Gulf. 10.20c. No sales. Futures closed steady. June. 9.40c; July, .50c; August. 9.34c; September and October! 9.$4c; November and December. .l;c; Janu ary and March, 9.27c: May. 9.58c ITnx at Minneapolis. MINNEAPOLIS. April 1. Flax closed at 1.61. There are In all 35 electric furnaces In operation in this country and Europe for steel production. NEW HIGH LEVEL Wheat Prices Break Record for Season at Chicago. DONE WITH NO EXCITEMENT Sharp Advances In Europe, Brisk Demand for Cash Grain and Crop Damage Reports Aro the Bullish' Factors. CHICAGO. .n.tl - I -v. - . Th" prices to a high level was made --- - ..in luci l loaay. 1 ne market was strong with the exception of a brie? ntrlmi ....!.. i . . . . ' " - -' ' n " .oe oay, wnen a mod erate reaction occurred on liberal sales by - iiau.HB nu.oer. uemand by this same trader was partly responsible for the ad vance later In the session., which carried pricea beyond the previous best mark. Sharp u'a"t" nearly atl tne leading grain centers nf C .. . . - - " , -1 " 1'"' uneK uemana tor tne cash grain in this country and fresh re- , , ko o 1110 grow-ing crop, par ticularly in Ohio and Indiana, were the chief reasons for the bullish sentiment which prevailed throughout the day. The range on May was between $1.19 and $1.20. while July sold between $1.06 and $1.08. Tha '"'"-- t'""" strong, wnn May at $1.19 1.20. and July at $1.07 1.07 . Thd eot,,. n . 1 . , - - , ii,-i 1 "ii in corn was Tne buying of the May delivery by cash Interests which caused considerable ftrmrfess in the market in general. The market closed firm -,1, ""v r 1.1 11 a or a snaae to jpc. May closed at 67 c and July at 8666o. Trade In oats was quiet and the market was barely steady. At the close prices w.ei?. ?- shad lower to e higher, with May at 54 c and July at 47 c. The provision market was heavy nearly all day. At the close price were 2o higher to 6c lower. WHEAT. Vtn. High. Low. Close i"'y. 107 1.08 1.06 107 September 1.00 . 1.00 " .s! 100 4 December . .si 100 CORN. 7 .7 .S7 .7 July . ... .S . .66 .66 .66 September .66 .66 .s !e OATS. 'r M .54 .54 .$4 July ...... .475 .47 : .47 i? September .40 .40 .$ .397J m:ess PORK. Ia.'r "?5 17.83 17.72 17.72 July 17.73 17.80 17.72 17.72 September 17.80 17.80 17.72 17.72 LARD. May 10.07 10.07 10.02 10.05 '"ly 10.20 10.00 10.02 10.05 September 10.32 10.32 10.25 10.25 SHORT RIBS. May 9. SO 9.30 .!5 ,15 July 9.42 9.42 9.37 9.40 September 9.57 9.57 9.52 9.52 Cash quotations were as follows: Flour Easy. Rye No. 2. 78 79c. Barley Feed or mixing. 6! 3 63c; fair to eholo malting. 6165c. Flax Seed No. 1. Southwestern, $1.58; No. 1. Northwestern. $1.68. Clover Contract grades, $9.10. Mess pork Per barrel, $17.65017.70. Lard Per 100 lbs., $9.97. Short ribs Sides, loose. $8.759.15; short clear sides, boxed. $9.37 9.50. Total clearances of wheat and flour were equal to 143,000 bushels. Primary receipts were tss.uuu ousnets. compared with 382 000 bushels the corresponding day a year ago. risumaiea receipts lor tomorrow: Wheat. 29 cars: corn, 90 cars; oats, 30 cars; hogs, 34,000 head. Receipts. Shipments. Flour, barrels 31.800 25,000 Wheat, bushels 50.400 22.400 corn, nnsnels s. 128. S00 228.100 Oats, bushels 163.400 - 208. 500 Rye. bushels .......... 4.000 4.000 .Barley. Dusnets 87, 000 $0,500 Grain and Produce) at New York. NEW YORK. April 1. Flour Receipts. 1600 barrels; exports, 7276 barrels. Flrmly neta. Wheat Exports. 6100 bushels. Soot firm: No. 2 red. $1.27 1.2S elevator: No. 2 red. $1.28 f. o. b. afloat; No. 1 Northern Duiuth, $1.67 r. o. b. afloat: No. a Winter. $1.27 f. o. b. afloat. The wheat market was vesy nervous all day and sensitive to bull support. It had one sharp reaction un der pront-taklng. but speedily rallied and wound up the day with May lc net high er and July unchanged. cables were strong, offerings light and the cash situation bull ish. New high records were made on July. May closed at $1.23 and July at $1.13. Hops Dull. Hides Stesdy. Wool Steady. Petroleum Steady. Grain nt Ban Francisco. SAN FRANCISCO, April 1. Wheat Arm. F.arley Firm. s Spot quotations: Wheat Shipping. $1.97 g 2.05 per cental; milling. $2.1018.2.15. Barley Feed. $1.471.B0 per cental; brewing. $1.501.55. Oats Red. $1.65 2.05 per cental; white, $1.972.12. Call board sales: Wheat No trading. Barley May, $1.48 per cental; December, $1.27. Corn Large yellow, $1.67 CI. "5 per cen tal. European Grain Markets. LONDON. April 1. Cargoes, firmer, with more Inquiry. Walla Walla, prompt ship ment, at 40s 6d; California, prompt ship ment, 41s 6d. English country markets, firm; French country markets, steady. LIVERPOOL," April 1. Wheat, May. s Slid: July. 8s 6d: September, 8s ld. Weather, cloudy. Wheat at Seattle. SEATTLE. April 1. No milling quotations Export wheat: Bluestem. $1.15: red, $1.03; club, $l.t5. Car receipts: Wheat. 4 cars; oats. 7 cars: barley. 2 cars. Total car re ceipts for the month of March: Wheat 266 cars, eats 60 cars, barley 99 cars, rye 8 cars. 'Wheat at Tsooma. TACOMA. April 1. Wheat, milling, blue tem $1. 2281.24. Export, bluestem. $1.15; club, $1.05; red. $1.02. FACTIONS CLASH IN RIOTS What "Was Reported as Indian Vp ristag Really Political War. EL, PASO. Tex.. April 1. What was at first declared to be a revolt of Indians at San Andreas. Mexico, against the payment of taxes on cattle. Is now de scribed by the officials at Chihuahua as a riot resulting from a clash between political factions. In tha fight a tax col lector was killed and several deputies were wounded. Some of the leaders fled to the hills, but the authorities dsny that they are rallying the Indians of the neigh borhood to give battle to the troops, who have assumed control of the situation. A number of ringleaders were arrested and put In prison. From a semi-official source lt Is learned that the political dif ferences which resulted in the fight orig inated in divergent views concerning the cattle tax levy, and that one faction was protesting against tha manner In which the officials were enforcing the tax. There has been no further rioting, so far as learned. YOKOHAMA HAS BAD QUAKE Ground Trembles for Eleven Min utes and Eight Seconds. VICTORIA. B. C. April 1. The worst of the many earthquakes that have oc curred in Yokohama since the disaster I OUR SAVINGS If you desire to be come independent your surplus money should be invested where it will earn as much tor you as it would for a savings bank. Call or Write T. S. McGRATH Lumber Exchange PORTLAND, OREGON LUMBERMENS NATIONAL BANK Second and CAPITAL OFFICERS. Vi "Senh - M-PHBRSON. Vlc.-Pr.sldent. JUfcLN A. I.E,ATIISG, Ice-President. H. . STORY. Cashier. FREEMAN, Ass't Cashier. THE BEST STREET INSURANCE IS THE BITULITHIC PAVEMENT It insures against dust, mud and street noises. It insures against slipperiness and falling uorses. 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 COSTRUCTIGN COMPANY 317 Beck Building, Portland, Or. DOWNING-HOPKINS CO. ESTABLISHED 1893. BROKERS STOCKSBONDS GRAIN Bought and sold for cash and n. margin. Private wires Rooms 201 to 204, Couch Building m of 24 years ago, when a severe quake took place, was felt at Yokohama shortly before the steamer Kaga Maru left Japan. There was little loss of life; one Chinese boy being killed and a Japanese and his wife fatally Injured. For 11 minutes and e'ight seconds Yoko hama's buildings shook, and considering the violence and prolonged character of the disturbance, it was considered Yoko hama had a narrow escape from great disaster. Considerable damage was1 done, and reports from Toklo, Azabu and other places ahow that much damage, though without loss of life, occurred there. Not since the great Gifu disaster in 188, when the destruction was Immense and 20,000 lives were lost, had Yokohama been so severely shaken. It was on the bluff, the higher section, where the foreign houses are located, In cluding many fine structures, nearly all of foreign style, that the greatest dam age was done, the office buildings on the Bund and In the business section, and the mass of wattled houses of bamboo, mud and paper In the Japanese section on the flat, escaping with slighter Injury. The steamers in the harbor were all severely haken. - TO DISSOLVE TERMINALS St. Louis Association Is Alleged to Be Monopoly. ST. LOUIS, April 1. Arguments were begun here today in the United States Circuit Court in the Government's suit to dissolve the Terminal Railway Asso ciation, which is alleged to be a monop oly. Chester II. Krum and E. II. Crowe, rep resenting the Government, asserted that by the imposition of unreasonable charges upon freight a loss of J2.000.000 annually has been caused to the merchants of St. Ixruis, and that many large manufactur ing establishments have been driven out of the city. The Terminal Association was capital ized at $7,000,000 and now has a capital of $50,000,000. Its organization was perfected by Jay Gould. Agreements were made by the railroads entering St. Louis to use the Eada bridge forever for all business be tween St. Louis and the East. Steamer Yfsnts Right of Way. San Francisco steamship owners have sent to the County Court a letter in which they ask that all three bridges across the Willamette River be opened simultaneously when signalled for by their steamers. As the closing of the Stark Streets $250,000 Madison-street bridge has already caused a congestion of traffic to the East Side the County Court will not make any change at present unnecessarily to blockade it. Paper Chase for Women. The first ladles' paper chase of the season will be held by the Portland Hunt Club tomorrow, and will be run for a handsome cup offered by R. B. Lamson president of the club. This e-ent Is an innovation and already 12 or 16 of the fair sex have signified their Intention of riding in this race. The start will be from Elmhurst. on the Sandy Road, while the finish point is not announced. Dr. "William Wood and Mr. Lamson will act as hares in spreading the trail. TRAVELERS OUIDK. CANADIAN PACIFIC Less Than Four Days at Sea WEEKLY SAILING BETWEEN MONTREAL QUEBEC AND LIVERPOOL Two days on tha beautiful St. Lawrencs River and the. shortest ocean routa to u- rope. Nothing better on ths Atlantic than our Empresses. Wireless on all steamers. First-class 0t second too. one class cabin 945. Ask any ticket agent, or write for sailings, rates and booklet. R. Johnson. P. A., Ut Sd St.. Portland. Or BAN FRANCISCO PORTLAND 8. 8. CO. Only direct steamer, and daylight sailing. From Alnsworth Dock, Portland, 4 p. M. S.S. Senator, April 2. 8.8. Rose City, April 9. From Lombard St.. San Francisco, 11 A M K.S. Row City. April S. 17, etc. 8.8. Senator, April lo, 24, etc J. W Hansom, Dock Agent. Main J3 Alnsworth Dock. M. 9. ROCHK. City Ticket Agent. 14 Sd St. Phone Main 402. A 1403. NORTH PACIFIC S. S. CO. S. S. Ceo. W. Elder Sails for Eureka, San Francisco and Los Angeles March 18, April 1st, loth, 29th. Ticket office 132 Third street, near Alder. H. YOUNG, Agent. COOS BAY LINE j Ths steamer BKEAKWAIEH isaras Port- 1 land every HedaeiHiajr, a P. M-, from Alns- '. worth dock, for orui Bead. Marhl!el4 auft Coos Bay points. Freight received till 4 p 1 M. on day ot sailing. Passenger rare, first- ! class, 110; second-class, 7. Including berth 1 and meals. Inquire city ticket office. Third I and Wsshlngton streets, or Alnswort slack. Phone Main 208- I
