TILE MORNING OREGONIAN. WEDNESDAY, MAY 5, 1909.
17
EGGS HIGH liJ FULL
Storage Stocks Lighter Than
in Former Years.
PRODUCTION IS SMALLER
Fnrinors -Find It 3torc Profitable to
S3l Their Flocks Than Feed
Them Oregon Slrawber
. ries in Market.
Kg ft a are one of the articles of food that
will probably sell at high prices in the com
ing Fall. This Is Indicated by the small
Quantity being put away In cold storage
throughout the country. Prices now In all
markets are much higher than they have
been for many years and this has had the
effect of frightening speculators who usually
buy heavily In the Spring for storage.
In all the great egg sections of the Middle
West the production this year Is much be
low normal. Statistics compiled by large
operators show that flocks of hens are
smaller than they have been for years. This
Is accounted for by the high cost of feeding
and also by the high price of meats, which
ha made It profitable to farmers to eell off
their poultry.
Commenting on the close of the April egg
deal, the Chicago Packer says:
After all the estimates and reports are
tabulated and boiled down it Is quite certain
that the combined storage holdings through
out the country will be found lighter than
last year and lighter than the average, but
these figures are only approximate, and des
pite the fact that no other egg can quite
take the place f an April, still In the opin
ion of many experienced egg men the pre
vailing shortage may or may not cut much
figure In the final wtndup of the 1909 egg
deal as far as prices are concerned.
Last year in Chicago at the close of April
there were estimated to be from 400,000 to
600,000 cases held in the combined local
storages. This year estimates vary all the
way from a third to a half of the holding
at this time a year ago.
The Portland egg market has held steady
for several days, with sales at 24 to 25
cents. Supplies clean up regularly. Ship
ments to the Sound were renewed yesterday.
LOCAL GRAIN MARKET IS SLOW.
Although Demand is Slack, Holders Ask
.Former Price.
The local grain market was dull yester
day. There was but little demand for
wheat, oats or barley. Holdovers, however,
were not disturbed by the inactivity and
former prices were asked.
Foreign crop conditions, according to
Broomhall's latest report, are:
United Kingdom The weather continues
favorable and the outlook for the crops Is
good.
France The weather continues favorable
but there "are rather more complaints being
heard, as the plant In some places Is thin.
Germany The weather Is favorable. Crops
are very backward. An unofficial report
states that there will be considerable re
plow ing. An official statement Bays : "There
has been only moderate Winter killing and
Spring sowing is making good progress."
Austria-Hungary The weather Is unsea
sonably cold and the soil very dry. The out
look for the crop Is poor.
Ifoumanla There are soma complaints be
ing received as a result of dryness, but on
the whole the outlook is favorable.
Turkey In Europe The acreage planted to
wheat is short, but the condition of the crop
is good.
Asia Minor The outlook for the crop Is
unsatisfactory and the acreage is a short
ne.
Italy The weather Is seasonable and the
Outlook la fair.
Spain The condition of the crop is good,
tut the weather now Is too dry and rain
Is wanted.
India In the North there has been
further rains, which will delay harvesting.
The wheat crop, however, has suffered less
damage than was feared early.
North Africa Rain is wanted in parts. On
the whole the outlook is satisfactory.
Sweden The seeding of Spring wheat is
very late. The crop of 1908 has been greatly
er-estlmated.
Germany Native wheat Is very scarce
and stocks light. It La generally predicted
that there will be Increased buying of for
eign wheat very soon.
Local receipts. In cars, are reported by
the Merchants Exchange as follows:
Wheat Barley Flour Oats Hay
May 2 . . 11 a 11
May 8 12 14 T 2
Total last week. 28 9 . 88 20 46
POTATOES HIGHER IN BAT CITY.
San Francisco Market Advance to 93.50
Per Hundred.
The Jump In the San Francisco potato mar
ket yesterday to $2.50 showed that the Ore
gon buyers who paid 2 at the opening of
the week did not make a bad bargain. The
market at this end Is naturally very strong
and no surprise would be occasioned If prices
went even higher. That potatoes are needed
In the South is shown by the purchases made
at Seattle yesterday by San Francisco deal
ers.
In the meantime, the close approach of the
new crop season Is indicated by the liberal
arrivals of new California potatoes, which are
now being wld by Jobbers at 4 to 44 cents
a pound. Los Angeles is preparing to make
bigger shipments, as the hot weather in that
lection is rapidly maturing the crop. Some of
the new potatoes shown on the street yes
terday were as large as old potatoes.
According to the latest Eastern reports,
nearly 2.000.000 bags of foreign- potatoes have
been Imported Into this country since the be
ginning of the season. This peculiar move
ment was due to the short crop in the
United States and the large crop and low
prices In Europe.
COVNTRY (RKAMKKV BITTER WEAK.
Poultry Prices Gradually Ieclining Cheeso
Is Kirnier.
The city creameries reported a good
movement In butter at the n?w price. The
decline, however, did not relieve Front
street from its weakness, as outside cream
ery was offered there as low as 45 cents
a rolh
Cheese maintained Its former strength In
c-tew of the light stocks at the disposal of
ttie trade.
The poultry market was weak. Some
coops of hens were sold at 151 cents, but
more at 15c. and even this pries Is said to
have been shaded.
FIRST CHERRIES OF THE SEASON.
Small Shipment .Cornea From California.
Oregon St raw berries In Market.
Cherries were added to th list of fruits
tn the local market yesterday. Eight boxes
were received from California, black cher
ries coming from San Jose and .Sacramento
and whits cherries from Vacavllle. They
were of good quality and sold at $3 per
boa.
The first Oregon strawberries also made
their appearance, six crates arriving from
Douglas County. Part of the shipment was
In good shape and brought 25 cents per
pound, but others were not so good and
were quoted at 20 cents. There was a fair
supply f Florin berries, which sold at $1.40
1.50 per crate. The only Los Angeles
berries on salo were carried over from
Monday.
A car of Mexican tomatoes was put on
sale at 91.75 per four-basket crate. Peas
were plentiful and quoted at &&5hb cents.
Green beans sold at 1 2 cents and fancy
wax at 25 cents. Hothouse lettuce was
very weak, at 1191.25 per box.
CofiTee and Sugar.
NEW TORK, May 4. Coffee futures closed
steady, net 5 points lower to 5 points higher.
Sales were reported of 2000 bags, including
May at 7.05c, July at 6.60c. September at
6.10c and October at 5.80c Spot, quiet. Rio,
No. 7, 8c; Santos No. 4, 8Tfr9c Mild,
dull. Cordova, &12c.
Sugar Raw. strong. Fair refining, 3.36c;
centrifugal, 96 test, 3.86c. Molaeves sugar,
steady. Refined, steady. Crushed. , 5.75c;
powdered, 5.15c; granulated, 5.05c.
Bank Clearings.
Clearings of the Northwestern cities yes
terday were as follows:
Clearings. Balances.
Portland 81,450.777 9171.490
Seattle l,776,.It'S 125.165
Tacoma 8 13.2MS 82.780
Spokane 1.204,067 56,856
PORTLAND MABKJETS.
Ormln. Floor, Feed. Etc
WHEAT Track prices: Bluest em milling.
91.4104? 133; club. S1.2vo1.23; Turke red,
J1.J6: Valley, $1.17; 4t-fold. 91-26; red
Russian. $1.17 & 1.20.
FLOUR Patents, $6.05 per barrel;
straights, $5.10; exports. 84.70; Valley, J5.30;
graham, $3. CO; whole wheat, quarters, $5.80.
CORN Whole, $35 per ton; cracked, $36
per ton.
BARLEY Feed, 834 3 35 per ton.
OATS No. 1 white, $40 41.
MILLSTUFFS Bran. $26.50 per ton; mid
dlings, $33; shorts. $29&32; chop, S2025;
rolled barley. 836(9 37
HAY Timothy. Willamette Valley, $149
18 per ton ; Eastern Oregon, $17.5019.50;
clover, $1112; alfalfa, $13 5 14 ; grain hay,
$1314; cheat. $1414.50; vetch. $1414.0.
Vegetables and Fruit.
FRESH FRUITS Apples. 63r$2.50 per
box. Strawberries, Oregon, 20 25c per lb. ;
California, 81-40 fa 1.50 per crate. Cherries, $2
per box.
POTATOES Buying price, $1.85 2 per
hundred; new California, 44c per pound.
SACK VEGETABLES Turnips. $1.S5 per
sack; carrots, $1.25; parsnips. $1.50; beets,
H-7&; horseradish, 10c per pound. v
TROPICAL FRUITS Oranges, navels. $2 25
$3.25 per box, lemons, $1.754; grape fruit.
$'i.504 per box; bananas, 64 Gc per
pound; pineapples. $2,764(3.25 per dozen;
tangerines $1.76 per oox
ONIONS New, $22.60 per crate.
VKGETABLES Artichokes. fltf 75n dnz;
asparagus, Oregon, 75c per dozen; California,
4 (a 6c per pound ; beans, 3 2 (S 23c ; cab
bage. 3c per pound; cauliflower, $11.5
per dozen; cucumbers, 73c $1.50 per dozen;
lettuce, hothouse, $1 1 .25 per box; lettuce,
head. 20i&5Uc per dozen; onions, 12
co ioc per dozen: pare ley, .ioe per anzen;
peas, Rf&Sc per pound; radishes, 1520c
per dozen; rhubarb, 2 M; GtZ-c per pound;
spinach, 90c ! $1 ; tomatoes. Florida. $2.50 2
S per crate; Mexican, $1.73' per crate.
Dairy and Country Produce.
BUTTER City creamery, extras. 24c;
fancy outside creamery, 221624c per
lb.; store. 18(320c. (Butter fat prices aver
age 1 St cents per pound under regular but
ter prices. )
EGGS -Oregon ranch, 24 25e per dozen
POULTRY Hens, 1515i,c; broilers. 25
28c; fryers. l(g'22c; roosters, old, loffllc;
youn g, 14 15c ; ducks, 20 22 c ; geose. 10
llc; turkeys. 20-; squabs. $2.50&3 per
dozen.
CHEESE Fancy cream twins, 17 17 Ha
per lb. ; full cream triplets. 1717Hc; full
cream. Young America, IS 18 c
VEAL Extras, 9Vi &' 10c per pound ; ordi
nary. 8ij?flo: heavy. 7(i-sc.
PORK Fancy. O''flMOc per pound.
POTATOES GOING SOUTH
SEATTLE DEALERS FILL ORDERS
FROM SAX FRANCISCO.
Decline in Butter at Portland Causes
Weakness In the Sound
Market.
SEATTLE. Wash., May 4. (Special.)
For the first time this - season, San Fran
cisco potato buyers purchased Washington
potatoes for Immediate shipment South.
Four carloads were taken. The same buyers
are In the market for 100 tons for ship
ment at once. Seattle dealers have po
tatoes to sell and are glad at this time to
unload.
Owing to liberal shipments of straw
berries and a poor demand, prices dropped
to $3 for the best stock today. Local
berries are expected to be late In getting
on to the market, owing to the cold and
cloudy weather that has prevailed for some
time.
Good cabbage Is scarce at from 3 to 4
cents. Bananaa are In over supply.
Eggs sold generally today at 28 cents, al
though some houses had a 27-cent quota
tion out this afternoon.
The recent cut in butter at Portland
has had a disconcerting effect on this mar
ket. Considerable Portland butter Is being
forced onto this market and is causing
marked weakness.
Heavy shipments of Oregon live poultry
today resulted in weakness.
QUOTATIONS AT SAX FRANCISCO.
Prices Paid for Produce In the Bay City
Markets.
SAN FRANCISCO, May 4. The follow
ing prices were quoted in the produce mar
ket today:
Onions Oregon, $2.40g2.50 per cental.
Mlllstuffs Bran, 28.50($3O; middlings,
$330 35.
Potatoes Oregon Burbgnks, $2.25 32.50;
Ba linns iiurbnkA. nominal; sweet. S1.5U
& 1 65.
VegetablesHothouse cucumbers. 401? 70c;
garlic, St0c; green peas, $1 1-75; string
beans, 1020c; asparagus, 75c&$1.50; to
matoes, 75c 1.23; egg plant, 20&25c.
Butter Fancy creamery, 24c ; creamery
seconds, 23 H c ; fancy dairy, 22, c.
Poultry Roosters old, $4 (& 5: young. $ia
12; broilers, small, $2.603.60; broilers,
large, $45.60; fry-ars, $76 8.50; hens, J5
10 ; ducks, old $6 & 5.50 : young, $6 8.
Eggjt Store, 25c; fancy ranch, 26c.
Cheese New, 14 14 young America,
16 ? 17c.
Wool -South Plains and San Joaquin. 10
4P15c; Mountain, 610c; Nevada, 1317e.
Hay Wheat. $22!ff24; wheat and oats,
S20ru; 22.50; alfalfa. $14 17; stock, $7 11;
straw, per bale, 60& 75c.
Fruits Apples, choice. $1.50: common.
60c; bananas. 75c$;t; limes. $4.505;
lemons, choice, $3: commons. l: oranges.
$1.501.75; pineapples, J34.
Receipts Flour, 2560 sacks; wheat, 825
centals; barley, 4825 centals; oats. Ill cen
tals ; beans, 1130 sacks ; corn, 45 centals ;
potatoes. 1680 sacks; bran. 10 sacks; mid
dlings, 1150 sacks; hay, 160 tons; wool 657
bales; hides, 1715.
Dried Fruit at Xew York.
NEW YORK, May 4. Evaporated apples
unchanged. Fancy. 84CUo; choice. 7
7jc; prime. S$Hc; common to fair, 6
6c.
Prunes In moderate jobbing demand.
New crop California. 24c to 12c. Oregons.
SVic to a for 40-SOs to 20-303.
Apricots unchanged. Choice. 103!lO4e:
extra choice, 10H10c; fancy. Ill3c.
Peaches are somewhat unsettled, owing
to reports that quotations are not being
fully maintained on the Coast. Choice.
jGitf 6 tic; extra choice. 6 14 6 6 lie; fancy, 7
Raisins quiet. Loose muscatel. SHIHe;
choice to fancy seeded. 4 3i&6c; seedless,
SVd&Hc; London layers, $1.201.30.
Dairy Produce In the East.
CHICAGO. May 4. Butter Firm. Cream
eries. 234i2Tc: dairies. 19424V5C.
Bggs Steady. Firsts, 21c; prime firsts,
22c.
Cheese Steady. Daisies, 15 15 He: twins,
Htlloc; Young Americas, 14 V. liic;
long horns. 14gfl4 Vc.
NEW YORK. May 4. Butter Firm.
Creamery specials. 29gj29Hc; third to ex
tras. 22 a" 28 He
Cheese Easy, unchanged.
Eggs Firmer. Western storage packed.
23 S3 23 feC.
London Wool Sale.
LONDON, May 4. The wool auction sales
opened today with a large attendance of
buyers. Including many Americans. There
was a strong demand for all selections of
fered. Cross-breds fine, sold 5 per cent and
coarse 54? 7 H Per cent higher. Mediums
sold 10 per cent and IS per cent over the
last series. The American buyers bid for
all suitabKa grades and their purchases for
the day numbered 600 bales. The total
offerings today were 11,670 bales.
PATTEN FREE BUYER
Credited With Heavy Pur
chases of July Wheat.
PRICE ADVANCES 4 CENTS
Market Has Now Recovered 10 Cents
From the JLow Point Touched on -the
Recent Slump Crop
Xews Is Bullish.
CHICAGO, May 4. The sharp upturn In
wheat came late today, although the July
delivery showed moderate gains early.
The action of the market seemed to dis
credit the rumors set adoat at the time of
the severe slump in prices two weeks ago
that the Patten interests had abandoned
the deal, owing to adverse publicity. This
house today was credited with heavy pur
chases of the July delivery, while at the
same time it was a moderate Beller of the
May option. At the high point today,
July sold at $1.16. four cents above the low
point of the session, and more than 10c
above the low point touched on the recent
sensational break. May at the same time
sold at $1.28, a gain of 0c above the
low mark of April 26, when the tide turned
in favor of the bulls. The deferred futures
snowea gains of nearly 3 cents from the
low point, September advancing to $1.03
and December to $1.03.
The principal bullish influences were the
Oklahoma and Ohio State reports. The
condition of the crop of the former state Is
officially estimated at 74, compared with
78 a month ago, while in Ohio the condi
tion of growing wheat was placed at CO,
which, although representing an Improve
ment of four points compared with last
month, is 26 points below the condition of
the crop a year ago. Western Kansas also
sent in more emphatic reports of damage
to the new crop by high winds and .dry
weather and in a few instances by the
green bug. The foreign weekly crop sum
mary also indicated that the European
wheat crop ha'd not shown the gains gen
erally expected since growing weather set
in. The Northwestern markets failed to
follow closely the advance here, the situa
tion there being somewhat depressed by the
more favorable weather for farm work on
both sides of the international boundary.
The price of corn made only moderate
gains and final figures showed a rise of
only c to c compared with the previous
close. During the day July sold between
68 60c and closed at 6Svs$?69c.
Trade In oats was dull. The range on
July for the day was 4'.) c to 49 c. At
the close prices were c to c higher with
July at 40c.
The provisions market became weak dur
ing the last half of the day and closed at
declines of 2c to 7c.
The leading futures ranged as follows:
Open. High. Low. Close.
Ma,v $H7 1-28 l-2tt $1-28
Jiy i.i2 i i.i i.i2 - i.i
PPt 1.03 V 1.05 1.03 1.05
Lec 1-01 1.03 vs 1.01 1.03
CORN'.
May 71 .71 .70 .71
July 68H .69 .68 .69
Sept 67 H .67 .7 .67
Dec 58 .58 Va .58 .6814
. OATS.
May 56 .56 .5 .56
July 49 .49 .49 .49
Wept .42 -4 2 .42 .42
IC 42rm .43 .43 .43
MESS PORK.
May 17.80 17.80 17.72 17.77
July 18.02 18.05 18.87 18.00
Sept...... 18.00 18.02 17.97 17.87
LARD.
May 10.85 10.37 10.80 10.30
July 10.47 10.47 10.40 10.42
Sept 10.65 10.65 10.52 10.55
SHORT RIBS.
May 9.90 9.90 9. 80 8.82
July 9.95 9.95 9.85 9.87
Sept 10.05 lu.05 9.96 9.97
Cash quotations were as follows:
Flour Steady.
Rye No. 2. 838i84c.
Barley Feed or mixing, 6666c; fair
to choice malting, 66 (a 67c.
Flax seed No. 1 Southwestern. $1.58;
No. 1 Northwestern, $1.68.
Timothy seed $3.80.
Clover $9.50.
Pork Mess, per barnel, $17.75(9:17.85.
Lard Per 100 pounds, $10.32.
Short ribs Sides Uoose), $9.7510.
Sides Short, clear (boxed), $9.87 10.25.
Grain statistics:
Total clearances of wheat and flour were
equal to 155,000 bushels. Primary receipts
wera 286,000 bushels, compared with 351,000
Dunneis me correspona) ng day a year ago.
The world's visible supply, as shown by
Bradstreet's. decreased 7,944,000 bushels.
Estimated receipts for tomorrow: Wheat,
4 cars; corn, 77 cars; oats, 114 cars; hogs,
27.000 head.
Flour. barrels 24.700 18.600
Wheat, bushels 15,600 58.800
Corn, bushels ..186.800 122.000
oats, Dusneis 333,500 215,600
Rye. bushels 3,000 6 800
Barley, bushels. 79,500 is 400
Grain and Produce at New York.
NEW YORK, . May 4. Flour Receipts,
1.538 barrels; exports, 16.250 barrels.
Quiet, but held higher. Minnesota patents.
S6. 20436. 50; Minnesota bakers, $4.80(5.30;
Winter straights, J5.904JS.20; Kansas
straights. $5.806.95.
Wheat Receipts. 87,200 bushels; exports,
73.4 10 ousneis. spot strong. No. 2 red.
si.43rl.4b elevator; P.O. z red, 11.45 nom
inal f. o. b. afloat; No." 1 Northern Duluth.
$1.356 f. o. b. afloat; No. 2 hard Winter.
$1.35 f. o. b. afloat. Options opened un
changed and eased off but later ad
vanced sharply on strong late cables. de
creased visible supply and bull support In
July. The ciose was strong at l?6p2Ho
net advance. May closed S1.32H; July,
SI. 21 4 ; September. Sl.iz1.
Hops Dull.
Hides Firm.
Wool and petroleum Steady.
Grain at San Francisco.
SAN FRANCISCO, May 4. Wheat
Firm.
Barley 9sler.
Spot quotations
Wheat Shipping. $2.10 2.15; milling,
$2.152.20.
Barley Feed.- 81.674 1.60: brewing,
81.624 1. 65.
Oats Red. $202. IB; white. $2.1002.15;
black, nominal.
Call board sales
Wheat No trading.
Barley December, $1.36.
Corn Large yellow, $1.701.75.
European Grain Markets.
LONDON, May 4. Cargoes, firmer. Walla
Walla on passage, 42s d.
sEnglish country markets, steady; French
country markets, quiet.
LIVERPOOL, May 4. Wheat May. 8s
10d; July, 9s ftd; September, . 8a
Weather, Hue.
Wheat at Seattle.
SEATTLE. Wash., May 4. No milling
quotations. Export wheat; Sluestem, $1.23
red, $1.08; club, $1.13. Receipts: Wheat,
one car; oats, one car.
Wheat at Tacoma.
TACOMA, Wash., May 4. Wheat Mill
Ing: Bluestem, $1.251.30; club, $1.14. Ex
port: Biuestem, $1.23; ciud, Jl.ia; red, $1.08.
PORTLAND LIVESTOCK MARKETS.
Prices Current Locally on Cattle, Sheep and
Uog-s.
There were very light offerings of live
stock yesterday, the total arrivals of the
day being 9S hogs. The hog market waa
strong in tone, as was the cattle market.
Sheep were weak, and Spring lambs were
quoted lower.
Joe Hayes, the Heppner sheep buyer, I
spending the week in Long Creek, accord
ing to the Long Creek Ranger. He has
purchased between 4000 and 5O00 head of
yearling and two-year-old wethers in the
Mt. Vernon country, paying $2.50 and $3
respectively. The sheep are to be delivered
at Monument alter shearing. He also pur
chased 400 head of yearlings from William
Chapman and 60O head - from the Mulkey
boys, of Long Creek, for $2 50 a head, to
be delivered at Heppner after shearing.
This is' an advance over the price paid
last season ana sneepmen generally an
greatly encouraged -oer present condition
and prospects for the future, hoping to
secure even ociier pncwi ueior in- season
closes. Mr. Hayes will ship the sheep frons
Heppner to Idaho, whre they will be put
on Summer range and fattened for the
Fall market.
Prices quoted at the yards yesterday
were:
CATTLE Top steers, $5.505 75; fair to
good. 55.25; common to medium. $4.50
4.75; sows, top. $4.254.50; fair to good.
83.75&4.25; common to medium, $2.503.50;
calves, top, 54? 5. 50; heavy, $3.50&4; bulls
and stags, fat. $3'jy3.M; common. $2 2.75.
HOGS Best. $7.50 & T.75 ; fair to good.
$7.25 7.50; stock era, $6 9-50; China fats,
6.75?7.
SHEEP Top? Wethers, $4 4.50: fair to
gocd. $3.504; ewes. He less on all grades;
yecrlings, best, $4.504.75; fair to god.
$4 (4.25; Spring lambs. $55.50.
Eastern Livestock prices.
SOUTH OMAHA. May 4. Cattle Re
ceipts. 6300; market, steady. Western steers.
x.oui&o; cows and heifers, $3a; cancers,
Kir&.tii. stocKers ana reeoers. s wa.es:
calves, $3g6.75 bulls and stags. $3.25 4
ou.
Hoks Recelnts. 10.000: market. 5c hither.
Heavy, $7.05(&7.30; mixed. $6.O07.O5; light,
$6.80427.15; pigs, $5&6.50; bulls, $6.907.13.
aneep receipts, o-iuu; marxei, iuc nign
Yearllnss. $6.75 (a 7.65 : lambs. S7.50 &
&50.
CHICAGO. - May 4. Cattle Estimated re
ceipt b, 2000. Market, strong. Texas steers,
$4.6Utfr5.75; Western steers. $4.705.75: stock-
ers and feeders, $3.6t5.60: cows and heif
ers. $2.40&.25; calves, $5.507.5O.
riots estimated receiots. li.oun. Market.
5c higher. Light. $ft.857.30; mixed. $7.00U
w; neavy. St rough. St.waiT.io:
good to choice heavy, $T.15-37.45; pigs, $5.75
SheepEstimated receipts. 12.000. Market.
strorg. Native. S3.80iSA.30- Western, 3.XH
6 35: yearlings, $6.2507.25; lambs, native, $6.00
(&o. id; w esiem. t.ziK0t.oo.
MERGER TALK REVIVED
HOLDING COMPANIES MAY FOIi.
LOW SUPREME COURT RULING.
General Upward Movement of Stocks
With Reading Again the Cen
ter of Speculation.
NEW YORK. May 4. An animated and
varied ffpeculatlon waa carried on in the
stock market today and the uplift of prices
waa comprehensive and marked. The strength
was uneven and the movement In a few
stocks overshadowed the whole market. Read
ing held the most conspicuous place in the
transactions and the Supreme Court decision
on the commodities clause of the Hepburn act
was the continued subject of most earnest
discussion.
For months Reading had been picked as the
medium for expression of feeling on this sub
ject and its violent oscillation today was the
Index of speculative operations and was fol
lowed in close sympathy, but in widely vary
ing degree by the whole list.
No small part of the speculative enthusiasm
that found expression in the operations in
stocks was based on the most liberal con
struction of the recent decision on its bear
ing on the whole situation of corporation
control.
The comment about the financial district
construed the new permission toward hold
ing companies as reviving the possibilities of
great railroad mergers by a revision of the
methods by . which the Northern Securities
Company was formed to effect the combination
of the Northern Pacific, the Great Northern
and the Chicago, Burlington & Quincy Rail
roads.
An application of the new conditions to th,e
Union Pacific and Its large holdings of stocks
in other railroad companies was seen in the
conspicuous activity and strength of that
stock. Outside of the numerous applications
drawn from yesterday's Supreme Court de
cision, there were not many motives apparent,
despite greatly increased activity.
The rise in the country's bank clearings for
April last was looked upon as good evidence
of trade expansion. Estimates by officials of
several states of the progress of the crops
during April were not convincing and the
Government crop report on Friday is looked
to with special interest. Industrial stocks
were especially strong again, led by United
States Steel preferred. This movement seemed
due to a belated recognition of the security
enjoyed by this class -uf snares and the high
income return in comparison with other in
vestment securities.
The firm tone rt the foreign exchange mar
ket, hardening of the private discount rate
ia London and. a fall in the Paris exchange
on London united to foreshadow a further
outgo of gold from New vurk. There was a
deposit aLsu of 500,000 at the Sub-treasury fur
telegraphic trahster to an h rancisco.
lianoa were irregular, total sales, par
value, 012.00U. Cnlled blutes 4a, coupon,
auvuncei 3 per cent-on call.
CLOSING STOCK. QUOTATIONS.
Allts Chalmers pf l.UOO
5vi 60 K
50
Anial tamper .... zi,oo
e-a
IB
Am Agricultural. . I.000
Am .Beet felugar. . 4, Too
31
1
10
62
41
41 i4
. lU-a
bt-u
37
34
7s
61 Ik
4J-4
lb
do -. a
WO1.
lu
133 Vs
HO
HI ft
34
38
3iyn
78
61
Am Can pi 2.4U0
Am Car & Foun. is.ouo
Am Cotton 011.. 3u,woo
Ain Ha Lt pf. 1.000
Ul
40 Ti
4U
Am lee hecuri....
Am Lmeeed Oil . .
Am Locomotive. . .
Am Smeit & Kef.
3,ouo
000
l.oo
z.zuo
. 10
Ki
los
133
do preferred . . .
4,000 HO',
Am Sugar Kef...
1.4UO 134 9s
Am Tel Sc Tel..
23,000 142
141
Am Tobacco pf... 4,8u0
08
OS
34
40
107 'A
Am woolen . 1 , sou
Anaconda Mln Co 3. 000
4 1. 7
40 Vk
Atchison
14,700 lOSla 107
do preferred
OUO AOl 1U4
104
128
115 a
At; Coast Line
l.OOO 12H
120
Hi
23
78
180
us
101
2H2
76 V
70
. 4
Bait & Ohio U.OUO 115
do preferred loo 05
va
24
Bethleaem Steel.. 1,4A 24fei
Brook hap Tran. 18.800 70
78
180 Va
28
IOI
Canadian Pacific. 2,loo 181
Central Leather... - ouo 29
do preferred ... 2oo lol
Central of N J.. duo 205
Ches & Ohio 10,100 7-4
Chicago & Alton.. 6O0 70
Chicago Gt West. 2oO 6
Chicago & N W.. 1,000 101
ZU4
75
CO
4
IWJit.
181
C. M & St Paul. 16.200 161 16o 150
t;. t;, & at x.... 000 10 o
Colo Fuel & Iron. 4.4UO 40 86U
74
38
66
84
81
137
Colo & Southern... 1,000 67 07
do 1st preferred. 400 88 84
do 2d preferred. t"0 82 82
Consolidated Gas.. 1,800 138 137
Corn products ... x, luo xx
Del & Hudson . 2, 400 180
D. R Grande... 6,300 62
do preferred 6u0 88
184
183
El
87
38
32
48
40
159
145
68
146
16
46
83.
25
12
39
33 .
44
72
138
68
137
73
43
01
87
88
Distillers' Securl.. oO 38
Erie ll.aoo 82
do 1st preferred. 1,400 60
do 2d preferred. 4o0 40
General Electric.. 400 160
Gt Northern pf... lO.OOO 146
Gt Northern Ore.. B 68
Illinois Central ... 8.7O0 147
84
49
40
169
146
6
146
16
46
82
25
12
39
33
44
72
139
68
187
73
Interborough Met. 10.4O0
17
do preferred
6,300
47
83
25
13
39
83
Inter Harvester . .
Inter-Marine pf...
Int Paper
Int Pump
low Central ....
K. O Southern . . .
300
2,600
91 10
ooO
1,000
1.000
40
73
do preferred . o
700
Louis A Nashville 2,100 140
Minn & St L
600 58 T4
M. 8t P i S S M.
Missouri Pacific...
Mo, Kan & Texas
do preferred . . .
National Biscuit . .
National Lead . . .
3. BOO
9.0OO
74
44
43
T4
900
74
14
1,000 104 104 104
6,700
88 88
Mex Nat Ry 1 pf
N Y Central 22.3O0 132
60
130 130
Is V. Out & vet.
Norfolk & West. l.OOO
North. American.. l.OOO
50
82
49
49
81
82
144
30
137
91
82
145
80
138
114tJ
91
39
185
40
152
25
84
29
70
45
24
60
78
120
123
29
68
41
33
52
83
Northern Pacific. 18,600 148
Pacific Mall 200 30
Pennsylvania 4.700 130
Peoples Gas . z.lou
P. C C St L
Pressed Steel Car 1,800
116 114
40i
39
185
40 -
150
25
84
28
70
46
24
o
Pullman Pal Car.
Rv steel Spring..
?W 186
300 4014
Reading 265.300 1 54
Republic Steel ... 8.100
do preferred ... 2. OOO
Rock Island Co.. 13.100
do preferred" . . . 2,Ooo
St L & 8 F 2 pf. BOO
St L Southwestern 400
do preferred ... 1.600
Sloss-Shettleld .... 700
25
85
29
71
45
25 61
79
i 8
Southern Pacific.
do preferred . . .
Southern Railway.
do preferred ...
Tenn Copper
Texas & Pacific.
Tol. St L West.
do preferred ...
49.700 121 Ts 120
ow i-t -r ti:4
8.600
1.310
2,300
l.OOO
600
30
29
68
41
33
52 Vi
42
34
52
1.500
69
69
69
Union Pacific 129.200 19o
do preferred ... 2.400 07
TJ 8 Realty
1R7 189
96 96
80
33
U S Rubber 2.0"0
II 8 Steel 11.100
34
!W
S3
55
55
do preferred ... 13.7rtO ll
117 118
ftah Corper 30 48
Va-Caro Chemical. 8.700 48
47i
4T
-
T
Portland Gas Company Stock
Par
"We are receiving subscriptions for
AND INTEREST FROM MAY 1, and
opportunity to take advantage of the o
sold to any one purchaser.
PORTLAND GAS COMPANY ST
rate of 6 per cent per annum; is intrin
manded a good premium
handstand affords an unusually profita
HAVING- ALREADY SOLD AN
$92,700 OF THE ISSUE, AVE SUGGE
SAME AT AN EARLY DATE.
Further particulars may be secure
19
49 Tt,
22
82
73
9
68
Wajbash
8.400 19 19
4.200 61 49
3.1O0 23 22
200 83 83
l.gno 76 74
400 lO
, 300 68 68
oo prererrea . . .
Western Md ....
Westinghouse Elec
Western Union ....
Wheel & L Erie.
Wisconsin Central.
Total sales for the day. 1.126.200 shares.
BONDS.
NEW TORK, May 4. Closing quotations:"
V. B. ref. 2s reg.l01'N Y C G 34s... 93
do coupon 101North Paclflo 3s. T4
U. S. 3s reg 101
North Pacific 4s. 95
do coupon. ... 102
South Pacific 4s. 91
U S new 4s reg. 119
i nlon pacific 4s.iu
do coupon. ... 12U
Wlscon Cent 4s. . vn
D & R O 4s 96 jJapanese 4s
83
Stocks sit T Hindoo.
LONDON,' May 4. Consols for
money,
85: do for account, 85.
Anacondtr 9 IN. Y. Central ... 132
Atchison 110 Norflk & West.. 94
do prer los do nret
90
Bait & Ohio. .. .118 Ont & Western
51
70
83
77
Can Pacific 185
Pennsylvania . .
Rand Mines.
Reading
Ches & Ohio.... 77
Chi Grt West.
6
C. M. & S. P..
De Beers
. .154
. . 12
. . 53
. . 90
. . 33
. . 51
. . 40
. . 19
..149
Southern Ry. . . .
30
do oref 71
D & R O
South Pacific. .. .124
do pref
Union Pacific. .. .183
Erie
do nrer v '
do 1st pf...
do 2d pf . . .
U. S. Steel 57
no orex.L xo
Grand Trunk.
Wabash 19
Ill Central
do pref l
L or N
. . .142
Spanish 4s
Mo K st T 45)Amal Copper.
79
Money Exchange. Etc.
NEW YORK. May 4. Prime mercantile
paper, 34 per cent.
Sterling exchange steady, with actual
business fn bankers' bills at 14.8635(94.8624
for 60-day bills and at $4.8760 for demand.
Commercial bills, 14.85 4.86.
Bar silver, 63 c.
Mexican dollars, 44c.
Bonds Government, firm; railroad. Ir
regular. Money on call easy, 12 per cent;
ruling rate, 2 per cent; closing bid, 1 per
cent; offered at 2 per cent.
Time loans firmer, 60 days, 22 per
cent; 90 days, 22 per oent; six months.
33 Pr cent.
SAN FRANCISCO. May 4. Silver bars,
63c.
Mexican dollars, 4?c.
Drafts Sight, 2c; telegraph, 6c.
Sterling,' 60 days, $4.86; sight. $4.87.
LONDON, May 4. Bar silver Steady,
4 ll-16d per ounce.
Money, per cent.
The rate of discount In the open market
for short bills Is 1S-161 P cent; three
months, 16-161 per cent.
Dally Treasury Statement.
WASHINGTON, May 4. Today's state
ment of the Treasury balance in the gen
eral fund, exclusive of the $160,000,000 gold
reserve, shows:
Available cash balance $125,414,990
Gold coin and bullion., IMSi'SiS
Gold certificates 40.422.990
Eastern Mining Stocks.
BOSTON, May 4. Closing quotations:
Adventure 9 IMohawk 61
Allouez 40 Mont C C 25
Amalgamated .. 78, Nevada 20
Aria Com 45Oid Dominion. . . 53
Atlantic 10 lOsceola 133
Butte Coal 23Parrot 32
Cal Ariz 100iQuincy 88
Cal & Hecla. . . .610 jShannon 15
Centennial 30 framarack, 69
Copper Range.. 77Trlnlty 14 .
Daly West 10 IU. S. Mining.... 45
Franklin 15U. S. OU 33
Granby 99Utah 40
Greene Cananea 10jVlctorla 6
Isle Royale 27 Iwinona S
Mass Mining.... 14 Wolverine 146
Metal Markets.
NEW YORK. May . 4. The London tin
market waa higher today with spot quoted
at 130 7s 6d and futures at 131 10s. Lo
cally the market was quiet at 28.7528.95e.
Copper waa lower in the London market,
with spot quoted at 57 12s 6d and futures
at 58 7s 6d The local market was steady
and unchanged, with lake quoted at 12.87
13c; electrolytic at 12.S0 12.62 c ; cast
ing at 12.37 012.50c.
Lead advanced Is d to 18 Is 3d In the
London market. Locally the market was
quiet and unchanged at 4.20 4. 26c
Spelter unchanged, at 21 15s in London.
The local market waa quiet and unchanged
at 5.02 7 e.
Iron was higher In London. Locally it
was unchanged.
New York Cotton Market.
NEW YORK. May 4. Cotton Spot closed
quiet. Mid-uplands, 10.85u: do. gulf. 11.10c.
Sales. 400 bales. Futures closed barely
steady. May, 10B3o; Juna, 10.S6c; July,
10.S3c; August. 10.26e; September. 10.19c;
October; 10.17e; November and December,
10.13o; January, lo.usc; aarcs, au.ujc.
Decline tn Crnde Oil.
PITTSBURG, May 4. A reduction of S
cents a barrel .was announced today by the
Standard Oil Company In the price of all
Bonds
Investments
. CAUL OR WHITE
T. S. McGRATH
Lumber ExcBasge,
. PORTLAJVI1, OREGON.
$150,000
Value, $100 Per Share
the above-mentioned stock at PAR
in order to give the public generally an
ffer, not to exceed fifty shares will be
OCK pays quarterly dividends at the
sically worth, and has uniformly com
t; is held almost entirelv in verv stronsr
on the marke
ble investment of unquestioned merit.
D RESERVED FOR CUSTOMERS
d upon application at our office.
MORRIS BROS.
Chamber of . Commerce.
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
CAPITAL AND SURPLUS, $1,000,000
OFFICERS
J. C. AINSWORTH, President. B. W. SCHMEEE., 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
CORNER SECOND AND STARK STREETS
THE BEST STREET INSURANCE
IS THE BITULITHIC PAVEMENT
It insures against dnst, mud and street noises.
It insures against slipperiness and falling horses. ' v'
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
AVARREN COSTRUCTION COMPANY
317 Beck Building, Portland, Or.
grades of crude oil except ragland, which
is unchanged. This is the first change in
the Pennsylvania field and most of the
other grades, since March 9, 1907.
Wool at St. Louis.
ST. LOUIS, May 4. Wool Firm. Terri
tory and Western - mediums, 1925c; fine
mediums. 18-f?lc: fine. 12gl7c.
TRAVELERS' GUIDES.
CANADIAN PACIFIC
Less Than Four Days at Sea
WEEKLY SAILING BETWEEN MONTREAL
QUEBEC AND LIVERPOOL
Two days on the beautiful St. Lawrenc
River and the shortest ocean route to Europe-No
thin better on the Atlantic than our
Empresses. Wireless on all steamers.
First-class second fdO. one class
cabin 4&.
Aslc any ticket agent, or write for sailing's,
rates and booklet.
F. R. Johnson. P. A- 14 Sd at.. Portland. Ot
NORTH PACIFIC S. S. CO
S. S. Geo. W. Elder
Sails for Eureka, San Francisco and
Los Angeles May 13, May 27. Ticket
office 132 Third street, near Alder.
H. YOUNG, Agent. '
COOS BAY LINE
The steamer BREAKWATER leaves port
land every Wednesday, a p. AL, from Alas
worth dock, for 24orta bend. Marshneld and
Ceoa Bay points. Freight received tiU 4 P.
M. on day of sailing. Passenger fare, first
class, $10; second-class, $T. including berth
and meals, inquire city ticket office. Third
and Washington streets, or AJnawortls deck,
phone Main 26.
ST PLACING ORDERS FOR . THE
TRAVELERS GUIDE.
SfortfiqermanJyoid.
FAST EXPRESS SERVICE.
Plymouth Cherbourg Bremen, 10 A. M.
Kais. w. II... May 4TCecllle. . . . . . . .May 18
ICronpr-, W.. May ll)Kais.W. D. Or. May 2S
TWIN-SCREW FASKKNGER SERVICE.
Plymouth Cherbourg- Direct, 10 A. M.
EL J dW- May o;Prlnsess Alice, May 27
Fried. D. Gr., May 13 1 Bremen !june 3
MEDITERRANEAN SERVICE.
Ciibraltai Naples Genoa.
Sailing; at 11 A. M.
Barbarossa. May 8K. Luise May 22
Berlin (new). May 15,Prinzess Irene, June S
North German Lloyd Travelers' Checks.
Oelrich A Co., Agents, 5 Broadway, N. Y.
Robert Capelle, 250 Powell St., (jen'l Pacino
Coast Axent, San Prancisco, CaL
Steamer Chas. R. Spencer
rORTLAMVASTOKIA.
Round trip daily except Monday, for As
toria and way landings: leaving Portland
at 7 A. M-, arriving Astoria 1 P. M. Return
ing, leave Astoria 3 P. M., arrive Portland
9 :45 P. M. Sunday excursion, Astoria and
return. Leave Portland 8 A. M. ; return 9
P. M. ; fare $1.00 round trip. Portland,
Wahlngtoa-St. doak. Phone Main 8619. Ca
lender dock, Astoria.
SAX FRANCISCO PORTLAND S. 8. CO.
Only direct steamer and daylight sailing.
Prom Ainsworth Dock. Portland, ft A. .
8.8. Koee City, May 8, Hi, etc.
8.S. State of California, May 15, 2ft, etc.
From Lombard St.. San Francisco, tl a.- M.
6.S. State ef California, May 8, 2, etc
b.b. itoee City. May 15, 28, etc.
J. W. Ransom, Dock A rent.
Main 2S Ainsworth Dock.
M. J. ROCHE, city Ticket Agent. 142 84 L
Phone Main 402, A 1402.