19
THE MORNING OREGONIAN, SATURDAY, MAY S, 1909.
1
' MAY BUY.INTHEEAST
Dealers Looking Around for
- Potato Supplies.
LOCAL STOCKS RUN LOW
Only 95 Cars Left in AH Hands In
Oregon Higher Market a Certainty-
Plenty of Straw
berries Today.
Where to get potatoes to supply the
local trade during- the remainder of the
season 1 the question that Is now con
fronting Portland dealers. The supply that
Is left In the state Is no more than Is
needed at home, yet It Is probable that a
good part of it will be sent to the Cali
fornia markets, as prices In the South are
now better than here.
A list of potato holdings compiled yes
terday showed that Oregon farmers still
iave 25 cars, while Portland and Valley
dealers are holding 70 cars. It ta likely that
fully 70 cars will be shipped south, leaving
n Insufficient Quantity for home consump-
tlon.
To make up the deficiency here, the
, local trade will have to bring in potatoes
from the East or from Washington. Sup
plies are light In the Northern atate, while
tock brought from the. East would have
to sell at about 8 cents. To check the
movement to California of home-grown po
tatoes would mean putting this market on
parity with San Francisco.
In whatever light the matter Is regarded.
, It means higher prices on old potatoes un
til the new crop can take their place. The
Oregon market yesterday .was firm on a 2
cent basis to growers. San Francisco prices
were unchanged at 12.33 2.70 per hn
red. A feature of the local jobbing trade
was the shipping of potatoes from this city
to Valley towns.
CALIFORNIA IS BUYENO WHEAT.
Xemand From Interior of Barley TSovr at
Tidewater.
There Is a fair demand for wheat for ship
ment to California at the prices that have
prevailed for some time past. Otherwise
the wheat movement is light.
Barley la Arm, with an upward tendency.
Proof of the lightness of stocks In the coun
try is shown by purchases by Interior deal
ers of barley now at tidewater. Oats hold
steady, with an average volume of trade un
der way.
Weekly foreign shipments of wheat, aa re
ported by the Merchant Exchange, were:
Argentine shipments, 2,704,000 bushels; last
week. 1,77a. 000 buaheLs; last year, 1,744,000
hush els - Imtla shipments, 60,000 bushels;
last week, SttS. 000 bushels; let year, none,
Tjocal receipts. In cars, were reported by
the Merchants' Exchange was as follows:
Wheat Barley Flour Oats Hay
May 1 and 2 2 .. H 2 11
May S 12 . . ' 14 ' 7 2
May 4 2 2 3 . S 8
May 5 -...4 1 6 5' -..
May 6 8 1 7 6 0
Total last week 28 9 33 0 43
HOP CROP IVEKOS RAIX BADLT.
Vmnold Stocks In Tnlted State In Firs
Hands.
Unless the Oregon hop belt Is visited by
good rains In the next two weeks there may
not even be a fair crop. All hope of a
large yield has long since been abandoned.
- In some sections the situation Isextremoly
serious. - -
A list of the unsold holdings of 190S
tiops in Oregon, revised yesterday, showed
C001 bales. California has 8500 bates of
last year's crop In first hands. Washington
1000 bales and New York 1800 bales, a
total of 13,30) bales. A year ago the stocks
of 1907s unsold was estimated at 40,000
tales. With the small present supply and
the poor crop prospects, the market should
t better than It is.
McNeffP Broa. yesterday bought a 5T
ale lot of lOOSs from a dealer at 7 cents.
Miller & Meechler, of Aurora, bought the
roorman lot of 74 bales of 1906s at Wood
burn. The price was not learned.
TjOG BI YEK3 , DEMAND CONCESSIONS
Northern Trade Affected by the Weakness
In the Baat.
The local egg market Is wavering. Re
ceipts are diminishing and a firmer tons
naturally would be expected, but the
Seattle and Taeoma buyers have become
bearish and will not take hold of supplies
here except at concessions. The weakness
in the North Is but a reflection of the lu
cent break in the East. Local street quo
tations were 24 (if 24 H cents.
A large shipment of cheese is due on to
day's steamer from Tillamook, but it is
nearly all sold to arrive and the market
will therefore continue firm at least until
the arrival of the next boat.
The city creamery market Is steady. Some
storage demand haa developed.
Frost Damage In Lane County.
EUGENE, Or.. May 7- (Special.) It is
as yet impossible to determine the full ex
tent of damage done to the fruit crop oy
the recent frosts. The damage varies with
different localities, the greatest being In
the valley orchards while the uplands are
not damaged at all. But the valley orchards
did not all suffer to the same extent,
as the .cherry orchards on the west side of
the river have suffered from 25 to 60 per
cent, while those on the east are prac
tically unhurt. It Is thought that the first
reports are exaggerated, but it is said that
the prune crop will be about 60 per cent
short, and strawberries 75 per cent.
Frofesaor Lake's Views.,
CORVAI.LJS, Or.; May 7. (Special.)
Professor Lake, of the Oregon Agricultural
College, says the Spring frosts have inflict
ed considerable damage to all varieties of
fruit. It Is expected that the apple or
chards of Hood River and Wenatchee will
yield only about half a crop. Cherries,
prunes and strawberries throughout the
country are considerably damaged and
loganberries In places will be almost a
total failure.
Plenty of Strawberries Today.
Strawberries were In fair supply yesterday
and will be very plentiful today. Oregon
berries are Improving in Quality and sold at
1620 cents. Florin berries brought $1
1.75 per crate, the latter for the Dollar va
riety. Cherries were slow eale at $1.252
per box.
There was a good demand for most klnde
of vegetables. Beans cleaned up well and
good peas were scarce. Hothouse lettuce was
a drug.
, .i ,
Bank Clearings.
Clearinss of the Northwestern cities yes
terday were as follows:
Clearings. Balances.
Portland .$1,100,461 $ 9O.440
Seattle 1.810.3-14- 143.233
Taeoma 7S3.576 43.14.1
Spokane 1.134, ti'2-5 11S.994
Mohair IuU in the East
The latest Eastern mail advices say of
the mohair market:
Manufacturers conttnuu to show little in
terest In the offerings of mohair and prices
are nominally steady. New clip hair is
selling In growing sections at higher rvalues
than generally obtained at seaboard mar
kets. Domestic combing, 6$j2Sc; carding1
(choice), 2225c; carding (average), 17
18c; inferior, 14 lfte; Nolls (first comb
ings). 16(g) 18c; Noils (second combings),
19 20c.
PORTLAND MARKETS.
, Grain. Flour. Feed. Etc
WHEAT Track prices: Blues tern milling.
1. 30 1.35; club. $1.20; Turkey red. J1.26;
Valley, $1.17; 40-fold. $1.26; red Russian,
$1.17 iST 1.20.
FLOUR Patents. $6.05 per barrel;
straights, H 10; exports, $4.70; Valley, $5.30;
graham. $3 00; whole wheat, quarters, $5.60.
CORN Whole, $35 per ton; cracked, $36
per ton.
BARLEY Feed. $ru?35 per ton.
OATS No. l white, $40 per ton.
MILLBTUFFS Bran. $2'V50 per ton: mid
dlings. $33; shorts, $29(&32; chop, $24 30;
rolled barley, $3o237
HAT Timothy. Willamette Valley. $14
18 per ton; Eastern Oregon, $17.5019.50;
clover, $1112; alfalfa, $13fi:i4; grain hsy,
$1314; cheat. $14 -5' 14.50; vetch. $1414 50.
- Vegetables and Fruit.
FRESH FKL'iTS Apples. 65c(tf$2.50 per
box. Strawberries, Oregon,- I5(&;20c lb.; Cali
fornia, fl.25&2 per crate. Cherries, $1.20&2
per box.
POTATOES Buying price, $3 per hun
dred; new California, 44Mtc per pound.
SACK VEGETABLES Turnips, $1.25 per
..ack; carrots. $1.23; parsnips, $l.nQ; beets.
$1.76 ; horseradish, 10c per pound.
TROPICAL FRUITS Oranges, navels. $2. 23
$3.25 per box. lemons, $1.754; grape fruit.
$3.50ar4 per box; bananas. 5 Vi 6c per
pound; pineapples, $2.764P3.26 per dozen;
fcaaserlnes $1.75 per dol
ONIONS ;New, $22.50 per crate.
VEGETABLES Artichokes. 6'6 7c doz;
asparagus, Oregon, 75c per dozen; California,
4 (tyGc per pound ; beans. 12 Vii tfi 23c ; cab
bage. 3 hie per pound ; cauliflower. $1 g 1.35
per dozen; cucumbers. 75c4jp$1.50 per dozen;
lettuce, hothouse, $11.25 per box; lettuce,
head. 20 50c per dozen; onions, 12 H
&15c per dozen; parsley, 33c per dozen;
peas. 8H5c per pound; radishes, 1320o
per dozen ; rhubarb. 2 V 3 He per pound ;
spinach. 90c ? $1 : tomatoes, Florida. $2.50
8 per crate; Mexican, $1.75 per crate.
Dairy and Country Produce,
BUTTER City creamery, extras. 24c :
fancy outside creamery, 22V 24c per
ID. ; store, isc. tutter rat prices aver
age 1 Va cents per pound under regular but
ter prices.)
EGOS Oregon ranch, 24 24 c per
dozen.
POULTRY Hens. 15?15c; broilers. 28
30c; fryers. 22((il'5c; roosters, 10c; ducks,
1819c; geese. 10(ollc; turkeys, 20c; squabs.
$2. SO 3 per dozen.
CHEESE: Fancy cream twins. 1717o
per lb.; full cream trinlets. 17g17c; fuii
cream. Young America. lS8il8c.
VEAL Extras, 9 V4 g 10c per pound; ordi
nary. 8Mt-!o: heavy, 7ac.
PORK Eancy, i0c per pound.
Hops, Wool. Hides, Etc.
HOPS 1909 contract, 9c per pound; 1908
crop, He; 1907 crop, 34c; 1906 -crop, 1C.
WOOL Eastern Oregon, 16rq20c per
pound; Valley, fine, 22 c; medium, 21c;
coarse, 20 Vic.
MOHAIR Choice, 24 25c per pound.
HIDES Dry hides. No. l, ltil7c lb.;
dry kip. No. 1, 16 (jy 16c pound ; dry calf
skin, IS 19c pound; salted hides, 9 9 He;
salted calfskin, 13 14c pound ; green. 10
less.
FURS No. 1 skins: Angora goat, $1 to
$1.25: badger, 25&50c; bear. $6&20; beaver,
$G.50(&S.5O; cat, wild, 75c$1.50; cougar,
perfect head and claws, $3 10; fisher, dark,
$7.5011; pale. $4.90ffj7; fox, cross. $3
to $5; fox. gray. G08Oc; fox, red. $3 5;
fox, silver. $35 to $100- lynx. $8& 16;
marten, dark, $812; mink. $3.50 5.50;
mukrat, 1525c; otter, $2.5034; raccoon,
60 75c; sea otter. $100250 as to size and
color; skunks, 55 SOc; civet, cat, 10 13c;
wolf, $23; coyote, 75c$1.25; wolverine,
dark, $35; wolverine, pale. $22.50.
- CASCARA BARK Per pound. 5Vo.
ALASKA ORDERS BUTTER
LARGE SHIPMENTS WILL- BE
MADE FROM SEATTLE.
Good P rospects for Norther n Pro
. duce Trade Enforcement of Hay
Inspection Law Postponed.
SEATTLE, Wash., May 7. (Special.) Or
ders for 100 tubs of butter were placed here
today for shipment north on the boat leav
ing for St. Michaels and Nome about June 1.
This' Is the first large Northern order closed
thLs year. Dealers estimate that the ship
ments on the first three sailings will aggre
gate about 700 tubs, to be distributed about
equally at Nome and Yukon River points.
Later reports from the North are that pros
pects) for the butter, egg and produce trade
are brighter than they were six weeks ago.
Veal Is very weak. While quotations are
nominally unchanged, considerable price-cutting
is being done. - Veal Is not selling above
11 cents. The market Is badly overstocked.
Commencing June 12 milk produced in this
state must come up to a standard of 3.25
per cent butter fat, instead of 2.8 per cent,
as at present, according to a ruling of the
State Dairy and Food Commissioner.
The Impression prevails among hay dealers
that the enforcement of the new hay Inspec
tion law will not be put in operation in June,
but will be postponed for several months.
Strawberries were in over-supply today,
although the demand was much improved.
Prices ranged from $1 to $2.
QUOTATIONS AT SAN FRANCISCO.
Prices Paid for Produce In the Bay City
Market.
BAN FRANCISCO, May 7. The follow
ing prices were quoted in the produce mar
ket today:
Onions Oregon, nominal.
Mlllstuff liran. $2S.50&3O; middlings.
S!tM Cii) 3A
Potatoea OreKon Burbanks, $2.35 2.60;
Salinas .Burbanks, nominal ; sweets, $1.50
6165.
VeEetables Hothouse cucumbers. 40 & 70o;
garlic, olOc; green peas, 75ci$1.25; string
beana, tt-12 ci asparagus, ;oc(j fi.o; toma
toes $lril.2.i; egg niant. 20725c.
Butter Fancy creamery, 24 tec; creamery
seconds, 24c; fancy dairy, 23 Vic.
Poultry Roosters, old, $4 (a 5; young, $9
12; broilers. small, $2.5O3.50; broilers,
large, $4&.S0; fry-ars. $7 8.50; hens, $5
10; ducks, old $5 5.50; young. $60.8.
Eies Store. 20 ht-C i fancy rancii, -J ' c.
Cheese New, 1314c; young America,
lettfiTc.
Wool South Plains and San Joaquin. 10
6-lOc; Mountain, fi-ixlOc; Nevada, 1318c.
Hay Wheat, $22a26; wheat and oate.
$20(ii2-4; .alfalfa. $7SU; stock, $711; straw,
Der bale, GOtgisVc.
TTniits Annies. choice. S1.G0: common.
60c; bananas. 75c4($3; limes. $4.fi05;
lemons, choice. $5.2u; commons, $1; oranges.
$1.25(&3.00: Pineapples, i(&)4.
Receipts Flour, 3436 sacks; parley, 4405
centals; oats, a'Jii centals; Deans, ata skckb;
mm. fift rentals: notatoes. 2440 sacks: bran.
200 sacks: middlings, 315 sacks; hay, 3a3
tns; wool, 704 bales; hides. 12S0
Metal Markets.
NEW YORK. May 7. The London tin
market was hifrher today with spot quoted
at 133 12s 6d and sutures at 134 10s.
Locally the market was quoted at 29.50
29.60c.
Copper advanced to 5 5s for spot and at
60 for futures in tne London marKei. une
local market was Arm and higher, with
lake quoted at 13 13.23c: electrolytic at
12.62 (0 12.5! c, ana casting, l2.ou
-12.75c.
Lead was unchanged at 13 5s. The local
market was firm and a shade higher at
4.2Sfi4.2TiC.
Spelter was unchanged at 21 17s 6d in
London. Locally the market was steady at
6.02 5.0. c.
Locally iron was ateady.
Eastern Mining Stocks.
BOSTON, May 7. Closing quotations:
Adventure W (Mohawk i44
Atloues 42 Mont C & C 2.
Amalgamated .. K3IXevada 214
Arts Com.. .. 45V!01d Dominion... 544
Atlantlo lOHlOsceola 135Vi
Butte Coal 27iParrot 34
Cal & Aris 104HlQuincy .V . 2
Cal & -Hecla. . . .030 Shannon ....... lti
Centennial 31 4 lamariclt IS
Copper Range... S0iTrlnity 144
Daly West HiiU. S. Mining.... is
Franklin io u. s. uu ... 33
firanbv 102 Utah 42
Greene Cananea 11 'Victoria .... . 5.
Isle Rovale 2St!Winona 5
Mass Mining is wolverine i4
Michigan 12 iNorth Butte.... 67 4
Coffee and Sugar.
NEW YORK, May 7. Coffee future
closed dull, net ten points lower to five
points higher. Sales -were xvorted of 6250
hags. Including May, 7c; June, 8.75c; July
6.60c, and December, 5c. Spot, quiet; No. 7
Rio. sic; No. 4 Santos, s 9c. Mild,
steady; Cordova,
Sugar Raw, steady; fair refining, 3.36c;
centrifugal. 96 test, 3.86c; molasses sugar,
3.11c. Refined, steady; crushed, 6.75c; pow
dered, 6.15c; granulated,, 6.05c
WILD OW IBM PIT
Extreme Fluctuations in Wheat
Prices.
JULY -HAS 4-CENT RANGE
Market Slumps Violently Just Before
Appearance of Crop Report and
Then Regains All
the Loss.
CHICAGO, May 7. It was a day of wild
and Irregular price fluctuations In the wheat
pit with trading also erratic, business dur
ing the first half of the session being rather
limited, white extreme activity marked the
final hour.' One notable feature was the J
relative strength of the distant futures, par
ticularly the December option, which closed
at a net gain for tho day of S?ic, while
tne May and July deliveries showed gains
of only ?c each.
Trading today centered around the Gov
ernment crop report, and as It was not
made public until noon, Chicago time, the
period to that hour was lacking in features
with the exception of a severe slump In the
price of the July delivery Just before the
appearance of the Government statistics.
The market opened weak with prices a
shade higher to lc lower, compared with
the previous close, the heaviness at the
start being chiefly due to an unexpected
ucuno oi m to lVdd at Liverpool. Prices,
however, quickly advanced on an active
demand for the deferred months, based
mainly on the continued absence of rain
Jn Kansas and on the official rnrAd nf
small likelihood tor showers in that state
xoaay or tomorrow. Toward the middle of
the day the July delivery slumped violently,
owing to general selling, much of which was
f Stop-loss character. nrnmntoH a
large extent by a I-eent hronk It,
July dropped to $1.13, after having sold
at 1.17i4 earlier In the day. The more
deferred futures declined more than 2 cents
irum tne previous hiph point of the ses
sion, selling off to 11.04 and (1.03V4 for
September and December respectively. Pol
lowing the publication of the Government
report. July advanced again to $1.1794 Sep
tember to $1.08 and December to $1.07.
According to the official statistics, the
condition of Winter wheat during April 1
appreciated less than 1 per cent, which
was a much smaller Improvement than had
been anticipated. The report also showed
a reduction of 7.2 per cent of the total acre
age seeded last Fall.
Sentiment continued extremelv hnln.h ,.
remainder of the day, and the market closed
strong, with July at $1.17 S 1.17. Sep-
L i.ur w.l.us. and December at
$1.07. During the day May sold between
$1.27 and $1.29 and closed at the top.
Corn advanced to new high records for
the season early In the day. Mav neliinr
up to 73c and July to 70c. The upturn
brought out liberal realizing sales, which
resuitea. m a snarp reaction. May dropping
to 71o and July to 6891c. The Tnirk.i
closed about steady, although prices were
Ik c to fif.c below yesterday's final
flgures. May being at 73 c and July at
69 o. '
Oats also scored new high record's early
In the session, when May sold at B9r. mil
July at 52c. The market closed steady
with prices unchanged to c lower com
pared with the -previous close. Final flgures
on May were at 58 c and on July 61
51 c.
Provisions were easy early In the day, but
later became quite Btrong. Prices at the
close were'25c to 12c higher than
yesterday's close.
The leading futures ranged as follows:
WHEAT.
Open.
High. Low.
$1.29 $1.27
1.17 1.13
1.08 1.04
1.07 1.03
Close.
$1.29
1.17
1.08
1.07
May..;... $1.28
J-uiy 1.1614
Sept 105
AJec 1.03
CORN.
May 7S"A .7341 .71 K
.72
.69
.67
.53
July 70 .701 ,68a.
aept .68 .68 .66
Dec 59 .59 .68
OATS.
May..;... .59 .59 .58
July 51 .52 .61
Sept 44 .44 .43
Dec 44 .45 .44
MESS PORK.
.68
.51
.44
.44
May. ...
July
Sept. . . .
17.90 . 17.95 17.80
18.02 18.12 18.02
17.97 18.10 17.97
17.95
18.12
18.10
- LARD.
May 10.32 10.40 10.32
10.40
10.60
10.62
July
10.40 10.50 10.40
Sept 10.57 10.62
10.57
SHORT RIBS.
M' 9.92
July 9.87 9.95 9.87 9.95
Sept 9.97 10.05 9.97 10.05
Cash quotations were as follows:
Flour Strong.
Rye No. 2, 86c
Barley- Feed or mixing, 6S69c; fair to
guuivb mailing, Dvtgitvc.
Flax seed Ko. 1 Southwestern, $1.56;
No. 1 Northwestern, $1.66.
Timothy seed $3.80.
Clover $9.50.
Pork Mess, per barrel, $1818.05.
Lard Per 100 pounds, $10.42.
Short ribs Sides (loose), $9.9510.05.
Sides Short, clear (boxed), $10 10.25.
Grain statistics:
Total clearances of wheat and flour were
equal to 49,000 bushels. Exports for the
weeic, as snown oy .tsraastreet s, were eaual
to 1,453,000 bushels. Primary receipts were
si.vuu Dusneis, compared Wltn 4u2.000
bushels the corresponding day a year ago.
Estimated receipts for tomorrow: Wheat,
cms, lurD, vara, unis, x4 cars; nogs.
11,000 head.
Receipts. Shipments.
Flour, barrels 21,200 11,700
VV heat, bushels 6.000 38,100
Corn, bushels... 75,000 97,700
Oats, bushels 176,600 221,500
liye, bushels..- 2,000 1,000
Barley, bushels 46,500 43,400
Grain and Produce at New York.
NEW YORK, May 7. Flour Receipts,
1O.000 barrels; exports, 8204 barrels. Mar
ket firm with a moderate inquiry.
Wheat Receipts, 124,800 bushels; ex
ports, 7900 bushels. Spot, firm: No. 2 red.
$1.43 1.45 elevator; No. 2. red. (1.45 f. o.
b. alioat; No. 1 Northern Duluth, $1.36 f.
o. b. afloat; No. 2 hard Winter, $1.36 f. o.
D. afloat, w heat opened barely steady at
unchanged prices to a decline of c under
disappointing cables and ruled very nerv
ous and unsettled.- An early advance to a
new high record for the season in May was
followed by a sensational break of about
2c In July under general liquidation, before
the Government report was published, but
Immediately ' afterwards there was an
equally violent advance with prices reach
ing the best point in the afternoon. The
close was firm, net 2-c higher. May
closed (1S5; July. $1.22; September,
(115.
Hops Dull.
Hides Firm.
Wool and petroleum Steady.
Grain at San Francisco.
SAN FRANCISCO. May 7. WTieat -irm.
P.arley-Easier.
Spot quotations:
Wheat Shipping, (2.102-15 per cental;
milling, (2.10 2.20.
Barley Feed, $1.521.6S' per cental;
brewing, (1.62 i 1.65.
Oats Red, (1.97 2.15 per cental; white.
$2.1592.25; black, nominal.
Call hoard sales:
Wheat May, $1.85 per cental asked. (1.73
bid.
Barley May, (1.57 per cental asked, (1.55
bid; December, (1.38 asked, (1.37 bid.
Corn Large yellow, (1.70(1.75 per cental.
European - Grain Markets.
LONDON, May 7. Cargoes strong; Walla
Walla, on passage. 2s dearer, at 4s 6d to
45s. ,
English country markets, 6d to Is higher;
French country markets, firm.
LIVERPOOL. Mav 7. Wheat May. 9s
2d: July. 9s 2d; September, 8s 6d.
Weather, fine.
Wneat at taeoma.
TAC.QMA,, Hay J. WTieat .Milling, blue-
stem.. $1.23 1.3ft; club. $1.14; export; blue
stem. ,$1.24; club. (1.14; red, (1.09.
Wheat at Seattle.
SEATTLE, May 7. No milling quotations.
Export wheat: bluestem, $1.24; red, (1.09;
club, $1.14. Receipts Wheat. 4 cars; oats. 1
car.
OREGON CLIP ALREADY SOLD.
Activity of Buyers Necessitates Cancellation
of Sales Days in Eastern Orejroja
PENDLETON. Or., May 7. (Special.)
From present Indications there will not be
a single wool sales day in Eastern Oregon
this season. Owing to the activity of the
buyers and the seeming competition, praotl
cally the entire clip is being rapidly con
tracted for in advance. Secretary Smythe,
of 'the State Woolgrowers' Association, said,
today that possibly one sales day would be
observed at Pendleton. Shanlko and Hepp'
ner, but that there was nothing sure about
either.
The contracting spirit did not reach this
vicinity until recently, but th.ousan.ds of
pounds have been contracted for daily
during this week. As high as 21 cents has
been paid and It is said that none of the
local growers has accer.ted or will accept
anything lower than 20 cents. Practically
everything in this vicinity, with the ex
ception of three or fo ir large clips, has
already been disposed of.
Owing to the high prices prevailing for
wool In the grease, the new scouring mill
just erected at Echo will probably have less
than 200,000 pounds to scour this season.
BOOM IN COPPER SHARES
WORLDWIDE DEMONSTRATION
IN AMi CliASSES.
Strong Speculative Party Bulling the
- Market Money Supply at
New York Increases.
NETV YORK, May T. There was a world
wide speculative demonstration In Minn..
metal and copper Industrial securities today.
.tnie movement formed the central force In
the day's market In New York. in Pan.
and In London, copper mining shares of all
classes and conditions displayed extraordinary
brlllianay. The strength of these stocks in
New York was partly on buying Orders, nomi
nally from foreign sources.
ine great Influence of speculative sentiment
of thle copper demonstration was due to the
supposition It caused that active operations
were going on by the group of capitalists of
most pronounced speculative proclivities and
credited with powerful resources.
The Conner Mtw-lrn am, a r.. . . .
of speculation with this group, owing to their
in.oieaLH in mese securities. . It was notable,
however, that the railroad stocks, which are
supposed to be the favorite medium of specu
lation by this same group, shared but mod
erately In the upward movement and had a
period of reaction.
London prices for copper shares were ad
vanced. Increased activity by various steel
mills was reported. These stimulating In
fluences Stirreri im M, q .-.,.,'...1 ... .
coppers to the boiling point and had a lifting
die. iuo wumg maraet.
Preliminary estimates of the week's cur
rency movement had some sustaining effect
on prices, with Indications of heavy receipts
from the Interior, brought out by the harden
ing interest rates in . Mew York. . The Sub-
tneamiT-v nnemtlnna tam 1 . 1 , i . i
(1,000,000 to the banks, owing to payment for
gold bars exported,, but the excess of receipts
on the Interior movement appears to. have
urougnt tne casn gain to upward of (7,000,000.
Thn ihflKffin. nhaus I.. . t 1 I .
versV in Pmnra hail nn annaHn. .1 i ....... 1. 1 ..
effect on the securities market. Stocks were
""i iiLuie auectea oy tne heavy decrease in
Winter wheat acreage indicated by the Gov
ernment crop report. More attention was
paid to the Improvement In .the condition of
Winter wheat and the forwardness of the
Spring planting reports. - . .
Bonds,- firm. Total sales, par value;
(6,816,000. United States bonds, unchanged
on -call.
CLOSING STOCK QUOTATIONS.
Closing
Sales.
nign. LOW. iiia.
Allls Chalmers pf 1.200
50
81
40
35
78
53
60
42
41
17
67
93
109
60
84
Amal Copper .... 66,300
Am Agricultural. 8O0
Am Beet Sugar. . 8.300
Am Can pf 3,000
Am Car & Foun. 1.200
Am Cotton Oil 13,4tH
Am Hd St. Lt pf. 1.6O0
Am Ice Securl .... 1,200
Am Linseed Oil.. 400
Am Locomotive 2,300
84
40
36
7tf
66
67
42
41
17
6S
94
40
35
78
55
67
42
41
16
68
84
Am &meit & Ke. 23,400
do preferred
Am Sugar Ref
3,100 110
110
800 134
134
134
Am Tel & Tel 7.800 141
140 140
Am Tobacco pf... 2,700 101
lOl
ami rvuuieo ..... aw
Anaconda Mln Co. 16,500
Atchison ll.SOO
360i
35
36
61
61
108
60
107
108
14
12651
do prererred ...
Atl Coast Line
300 104 104
Bait & Ohlo.... 8.2O0 115
114 114
ao preierrea ... ......
Bethlehem Steel .. 3,800
94
7
26
24
78
180
30
102
293
77.
70
4
181
150
"b"
M
82
82
137
23
184
Brook Rap Tran.
Canadian Pacific.
Central Leather...
do preferred . . .
Central ot N J.-
Ches & Ohio
Chicago & Alton..
Chicago Gt West.
Chicago & N W..
i,inju is
4,100 181 H
3,000 30
2,700 104
300 293
181
30
H4
293
77
70
8O0 77
700
70
300
4
' 4
181
151
74
40
65
300 182
C, M & St Paul.. 13,100 151
C. C. C & St L
Colo Fuel & Iron 8,200
40
66
84
Colo & Southern..
do 1st preferred.
do 2d preferred.
Consolidated .Gas..
Corn Products ...
Del & Hudson....
D & R Grande ...
do preferred . . .
Distillers' Securi.
Erie ...
do 1st preferred.
do 2d preferred.
General Electric. .
400
800
Bl
81
300
700 137.
137
5,700 24
3,800 188
4,700 62
61
,51
200
87
39
87S 87
2.600
4,000
600
3S 39
32
49
31
48
31 -Si
4
38
1,900 160 159
loll
Gt Northern pf 5,400 145
144 145
tt iNonnern irre.. su.dvu iz
B9 11
Illinois Central . .
Interborough Met.
do preferred ...
Inter Harvester ...
Inter-Marine pf ..
200 14614 14li
14B
10"4
a.ouu 1I)M Jtt
5,800
l.OOO
3O0
40
83
24
45
45
81
24
82
24
mi paper
Int Pump 6,900 41 40
Iowa Central 4O0 33 3:1
K C Southern ... 3,100 46 45
do preferred
Louis & Nashville 1,800 140 138
13
40
33
45
72
minn sr. at jj
800 69
58
58
M, St P & S S M.
Missouri Pacific.
Mo. Kan & Texas
do preferred ...
National Biscuit..
National Lead ....
N Y Central
N Y, Ont & West.
Norfolk & West..
North American . .
Northern Pacific..
200 137
136 136
9.9IK)
75
3 .4
8,800
43
43
105"
88
130
48
1
82
145
29
135
114
'ii
42
151
25
85
28
70
45
24
59
79
122
124
28
68
42
34
50
43
73
105
8
1.40O 106
4,900 89
600 132
lil
49
2,4110 49
400
600
91
82
91
82
145
20
4.4O0 145
Pacific Mail
500
30
Pennsylvania 7,100 135
185
People's Gas
1.100 114
114
P, C C & St L
Preesed Steel Car
80
42
2,700
1.200
42
Ry Steel Spring..
43
42
'rteadlng
Republic Steel
..121,000 153
132
26
85
l.OOO 26
do preferred . . .
Rock Island Co..
do preferred
OOO
9.200
5.700
86
29
29
71
45
251
St L & S F 2 pf
600
45
25 Tj
St L Southwestern 1,300
do preferred . . . 700
60
80
60
80 V.
122
124
Sloss-Sheffield 1.600
Southern Pacific. 16,600 iaa
do preferred 600 125
Southern Railway. 1,000 29
29
68
45
34
51
69
do preferred
Tenn Copper
Texas & Pacific .
Tol. St L & West.
400
7,500
7.300
1.800
500
45
34
62
do preferred
69
Union Pacific
do preferred
U S Realty ..
U S Rubber .
U S Steel
do preferred
.. 67,300 189
1S8 189
500 9i
97
S6
80
400
.. 10.000
80
79
30
66
118
49
50
19
60
27
82
75
IO
38
67
38
57
120
52
20 '
52
27
85
12
1O.70O
14,800 120
Utah Copper -.
15, 700 63
Va-Caro Chemical. 12.900 61
Wabash 7.700 20
do preferred ... 34.8O0 62
Western Md 18.500 28
Westinghouse Elec 3,500 85.
Western Union . . . 700 78
Wheel & L Erie 3,800 12
Wisconsin Central. 300 68
68
5S
Total sales for the day. 956,600 shares.
BONDS.
NEW YORK. May 7. Closing quotations:
U. S. ref. 2s reg.101
do coupon. .. .101
U. S. 3s reg,...101
N T C a 3s. . . 93
North Pacific 3s. 74
North Pacific 4s. 102
South Pacific 4s. 91
do coupon. .. .ioz
TJ S new 4s reg.119 ITJnlon Pacific 4s. 103
do coupon. .. .120 !wlscon Cent 4s.. 95
Atchison adj 4s. 101 jjapanese 48 85
D & R a 4s 96
Money. Exchange, Etc.
NEW YORK, May 1 Prime mercantile
THE PORTLAND, BAKER CITY & BUTTE ELECTRIC
RAILROAD CO. WILL PAY 8 INTEREST
We offer $150,000 of the Two Year Coupon Notes of this Company
in amounts of $200 or $1000 each at 10 per cent discount, and paying 8
per cent interest semi-annually. These notes are secured by the control
ling; interest of the stock of the Portland, Baker City & Butte Electric
Railroad Company, amounting to $1,005,000, which stock is fully paid
and non-assessable by -bonds. When this control is sold, $150,000 is to
remain in the hands of the American Bank & Trust Company, which is
now the trustee for the controlling stock which is held in escrow,. to be
sold in conjunction with a bond issue which is now being negotiated .with
a large Eastern syndicate. . '
These notes will prove a safe. and profitable investment, as the money
derived from their sale will be used entirely for engineering and the se
curing of rights of way which will also be a valuable security.
For sale at the offices of the Portland, Baker City & Butte Electric
Railroad Company.
303-305
paper. 8 84 -per cent. Sterling exchange,
steady with actual business in bankers' bins
at (4.8615 4.8625 for 6u-day bills and at
(4.8755 for demand.
commercial dui
Bar silver 53 c
Mexican dollars 44c
Bonds Government, steady; railroad, firm.
. . ..ii irirm ''.i 2 U. ner cent: rul
ing rate and closing bid. 2 per cent; offered
at2 per cent.
rime loans r inner uu
Sixty days, 2 2 per cent: 80 days, 2
g2 per cent; six months. 8 3 per cent.
LONDON, May 7. Bar sllrer' 6teady,
24 do per ounce.
Money 2 per cent.
The rate of discount In the open market
for short bills is 11 6-16 per cent: for
three months bills, 11 6-16 per cent.
- RAN -FRANCISCO. May 7. Silver bars
63 c.
Mexican dollars io.
Drafts Sight, 2c; telegraph. 6c.
Sterling exchange on London 60 days,
(4.86; sight. (4.87.
Dairy Treasury Statement.
WASHINGTON, May 7. Todays state
ment of the treasury balances in the gen
eral fund, exclusive of the (160,000.000 gold
Gold coin and bullion ( f4.S3S.9S8
Gold certificates .S? 000'???
Available cash balance i,oob,oti
Dried Fruit at New York.
NEW YORK, May 7. Evaporated apples,
unchanged; fancy. 8c; choice. 7
7c; prime, 66c; common to fair, 5
5c.
Prunes are rather easy. Quotations range
from 2c to 12c for new crop California
fruit and from 6c to c for Oregons, 40
BOs to 20-SOs. ,
Apricots are in moderate .demand. Choice,
1010e; extra choice. 1010c; fancy,
11 13c.
Peaches are selling steadily In small lots.
Choice, 6'56c; extra choice, 66c;
fancy. 78c.
Raisins are dull. Loose muscatel. 8&
4c; choice to fancy seeded, 46c; seed
less, S5c; London layers, (1.201.30.
Dairy Prod nee In the East.
CHICAGO. May 7. Butter Easy. Cream
eries. 2226c: dairies, 1924c.
Eggs Steady. Firsts, 20c; prime firsts,
21 c
Cheese Steady. Daisies. 15c: twins,
14y.15c; Young Americas, 1414c;
long horns. 1414c.
NEW TOIHC. May 7. 'Butter Unsettled
and lower Creamery specials, 2828c;
thirds to extras, 22 27c.
Cheese Weak and lower. New state full
cream specials, 13 14c.
Eggs Easy. Western storage packed, 22
22c.
Flaxseed at Minneapolis.
MINNEAPOLIS. May 7. Flaxseed closed
at (Low.
Bonds.
Investments
CALL OR WRITE
t. S. McGRATH
Lumber Exchange,
PORTLAKD, OREGON.
TRAVELERS' GUIDE.
NOME
8. S. Senator, from Seattle direct,
June 2.
S. S. Umatilla, from San Francisco
via St. Michael. June 1.
Wireless Telegraph, .on Roth Steamers
Through- tickets to Fairbanks and
points on Yukon, Koyukuk, Innoku
and Tanana Rivers.
Rates (35 up, according to accom
modations; ask for free "Nome
Folder."
. Reservations for above sailings
should be made at once.
B. F. DEGRANDPBE, Agent.
Pacific Coast Steamship Company,
249 Washington St., Portland.
Steamer Chas. R. Spencer
PORTLAJfD-ASTORIA.
Hound trip daily except Monday, for Aa
toria and way landings : lea vine Portland
at 7 A. M., arriving Astoria 1 P. Jd. 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,
Washfngton-St. dock. Phone Main 8619. Cal
lender dock, Astoria
SAN FRANCISCO PORTLAND 8. 9. CO.
Only direct steamer and daylight sailing;.
From. Alnsworth. Dock, Portland, 9 A
S.S. Rose City, May 8, 22, etc.
8.8. State of California, May 15, 29. etc.
ITrom Lombard St.. San Francisco. H A. M.
6.8. State of California, May 8, 22, etc
S.S. Rose City, May 15. 29, etc.
J. W. Ransom, Dock Agent.
Main 2C8 Alnsworth Dock.
M JT. ROCHE. City Ticket Agent. 142 8d St
Phone Main 402, A 1402.
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.
Beck Building, Portland, Or.
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
CAPITAL AND SURPLUS, $1,000,000
OFFICERS
J. 0. AINSWOETH. President. R. W. SCHMEEB, Cashier.
B. 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 dust, mud and street noises. f
It insures against slipperiness and falling horses.
It insures against cracks, disintegration and costly repairs..
It assures a sanitary and durable street.
It assures conscientious workmanship and best materials.
It assures perfect satisfaction.
BITULITHIC INSURANCE IS SAFEST AND SUREST
WARREN COSTRUCTION COMPANY
317 Beck Building, Portland, 0rf
TRAVELERS' GUIDE.
forth (jermanJZloyd,
FAST EXPKESS SERVICE.
T'lvmmith Cberfoonrs- Bremen, 10 A. M.
Kronprlns W-. May 11K. W. D. Gr., May 25
Cecllie May 18Kals W. II June 1
TWIN-SCREW PASSENGER SERVICE. .
Plymouth CberbourB Direct, 10 A. M.
FYd D. Or., May 13!Bremen June 8
FrlnieM Alice May 27Prln P. W...June 10
MEDITERRANEAN 8KRVICE
Gibraltar .Naples Genoa.
Sailing at 11 A. M.
Barbarossa. . . .May 8 K. Lulse May 22
Berlin (new). May 15lPrlnzess Irene June 6
North German Lloyd Travelers" checks.
Oelrlcb, Co., A (rents, 8 Broadway, N. Y.
Robert Capelle, 250 Powell St., Gent PacUo
Coast Aft-ent, San Francisco, Cal.
SCANBL1AVIAN-AMEEICAN LINE
10,000 Ton Twin-Screw Passenger Steamers
' Direct to
Norway. Swedea and Denmark
C. F. Tietgen. May OlUnlted States, June 10
Helllg OIav..May 13C. F. Tletgen, June 17
Oscar II May 27Helllg OLav . . June 24
All Steamers Equipped With Wireless
First cabin, f75 upward; second cabin, $57.50
A. B. JOHNSON i CO., 100 Washington ave.
So.. Minneapolis, Minn., or to Local Agents.
COOS BAY LINE
Tb t earner BREAKWATER luvtt Port
land every Wednesday, 8 P. from Alns
worth dock, for fiortta Send. Jitisranileld and
Coo Bay points. Freight received till 4 F
M. on day of ailing. Passenger far, first
class, $10; second-class, 47. Including berth
and meals. Inquire city ticket office. Third
and Washington stresU. or Alnsworth doeJft.
IMiene Main 2o&
TRAVELERS' GUIDE.
Hamburg American.
London Paris Hamburg.
Bluecher May 12'K. Aug-. Vic. May 29
Amerika. . . .May lojPennsylvania. . June 3
ilevel'd(new)May 22Oeutchland June s
P.Grant(new) May 26:P.Llncoln(new)June S
Rltz Carlton a la Carte Restaurant.
Irr A T V vl Axores Gibraltar,
M. M. --1 M. Naples and. Genoa.
S. S. HAMBURG t'May 11. July 1.
" BULGARIA, JMay 27, July IS.
" BATAVIA, JJune 3, July 2.
Gibraltar, Naples and Genoa.
Summer Holiday Cruises
XO NORWAY, SFITZBKRGKN,
1CKLANI), BALTIC SEA
By superb twin-screw cruising steamers
Oceana, Bluecher, Meteor, Koenlg Wllhelm
II, during June, July, August and September.
Travelers' Checks Issued.
Tourist Dept. for Trips Everywhere.
Hamburg-American Line, 160 Powell St.,
San Francisco, and Local Agents Portland.
NEW ZEALAND HIIL Delightful South
III0TOIIII 8e Tours for Rest.
AUOlKALlA Health and pleasure.
NEW ZEALAND, the
world's wonderland. Geyser,- Hot Lakes, etc.
The favorite 8. 5. Mariposa sails from San
Francisco May 21. July 1, etc.; connecting
at Tahiti with Union Line for Wellington,
N Z. THE ONLY PA8SKNUER LINE FROM
TJ. 8. TO NEW ZEALAND. Wellington and
back, $260. Tahiti and back. J125. 1st class.
LINE TO HONOLULU Special round trip
$110, 1st class. S. S. Alameda sails May 15.
June 5, 26, etc. Address.
OCEANIC LINE. 673 Slaxket St.. San Fran.
Cisco. . . , r