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