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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 18, 1909)
THE MORXIXG OREGOXIAy, FRIDAT. JUNE 18, 1909. 4 BARK COMPANY OUT Pacific Cascara Combination Quits Business. MEMBERS CANNOT AGREE Attempt to Control the Trade in Ore iron and Washington Fails. Active Demand for Produce. The Pacific Cascara Company. better known In tha local bark trade aa the "Cas cara Trust." Iiaa rone cut of business. In ternal dissensions In the oorapany are aald to have caused tha trouble. The Pacine Caacara Company ni or ganised last year by half a dozen Oregon and Washington dealers In this bark for the avowed purpose of handling cascara on a large acale. Merchants outside the combi nation declared Its purpose was to keep down the production of the commodity, so that the member, all of whom were carry Ins; larre stocks, oould dispose of their hold ings at a profit. The weak point In the scheme, however, was the fact that the oom pany could exercise no control over the small Independent bark dealers In the North west, and these Independents were enabled to dictate the price at which the caecara was bought, and at the same time the Kast ern demand, while the big" company was keeping; Its stock off the market. Some of the members of the company. It Is said, finding they had to pay good prices for new bark and being restricted by the rules of the concern from disposing of their supplies as they wanted to, under took to conduct selling operations on a private scale. This led to a disruption of the whole scheme and at a meeting recently it was decided to disband the company and go out . of business, which was done, reeling la under way now In the Coast districts, and a considerable quantity of new bark Is finding Its way to market, for which buyers are paying o cents a pound. The total peel will probably be of the aver age size. The Eastern and foreign demand continues slow. OFFERED IB CENTS FOR OREGON HOPS Bid Made on BOO' Bale of the New Crop Is Turned Down. Fifteen cents was offered yesterday to a local hop-dealer and grower for 100.000 pounds of 3009 hops, but the offer was not accepted. The 35-cent purchase In Califor nia, reported In these columns yesterday, was made by Richardson, of Santa Rosa, for Eastern account, according to telegrama received In this city. The quantity con tracted for was 520 bales. The following cable from Nuremburg. re lating to the continental hop crop, was re celvod by isrrc Plncus A Sons, of Tacoma: "Weather favorable for growing crop. Vermin neither increasing nor decreasing, but crop expected to be light" The Kentish Observer, of June 8, said of the condition of the English, hop crop at . that time: "The recent warm weather, with showers last week, has given the bine a good start, and tying is now well advanced. At places there Is a bad 'attack of wlreworm and the bine Is thin and weak. The acreage throughout Kent and Suae ex has again been enormously reduced." J. II. Meredith & Co., of Worcester, Bug., report, under date of June 1: A fair amov.nt of business was done right up to the holidays, and 43 pockets of new hops passed the publio scales last week, be sides 90 pockets of yearlings. Values re main at the recent low level, which Is much below oost of production. The young hop felno now makes rapid and healthy progress, and In forward grounds la one-half to two thirds up the poles and strings. A little blight may be found lna places. GRAIN OFFERINGS ARK S.MA1.U New Crop Hay Expected In About Two Weeks. Tha grain market was a dull affair all Bound yesterday. Offerings were very light and prices wera unchanged. Reports from the Valley Indicate a light crop of hay, but a good yield Is promised In Eastern Oregon. New crop alfalfa la ex pected to reach the market In about two weeka Local receipts. In cars, were reported by the Merchants' Exchange aa follows: Wheat Barley Flour Oats Hay 5 una ia-18 1 1 13 4 9 una 14 1 1 7 .. 4 June 15. B .. 7 .. 2 June 16 U 3 3 Total last week, lb .. 01 11 r0 KGOS ARB NOT CANDLING WELL. Shrinkage at the Present Time Is Largo Hens Are Lower. Tha egg market Is very dull and but for tha falling oft In receipts, present prices oould not be maintained. As It Is, the production now Is somewhat larger than Is usual at this time of year. Current receipts have to be candled closely and they show a considerable shrinkage. Candled Btock Is held on the street at 24 28 cents, accord ing to quantity. Seconds, resulting from oandllng operations, are being offered at a wide range of prices. Poultry arrivals yesterday were large and hens were quoted lower at 13$? 14 cents. XJressed meats were firm and veal was higher at B9H cents. The cheese and butter markets wera firm. STRAWBERRY SCFn.Tr: IS INCREASING. Prices of California Fruits Gradually De clining JBananaa Arrive. The strawberry supply Is rapidly decreas ing and very Orro prloes are maintained. terrles sold on th public market yesterday at tl.50 '1.75 per crate, and Front street quoted shipping stock at l,C0 jr$2. Apricots were easier at L10(B1.25. Peaches and plums were in light supply. Cherries were more plentiful and sold fair ly well. Cantaloupes were lower at 94 14.80. Three cars of bananas were re . oelved. There was a good supply of all kinds of vegetables, which generally sold at steady prices. Bank Clearings. Clearings of the Northwestern cities yes terday were as follows: ., Clearings. Balances. Portland 11.301.834 $182 641 Seattle 1.I-..-.4. -! 174!4i4 Tacoma 914. OM 49 591 &pokuue 1.370.679 7UJ5 PORTLAND MARKETS. Grain. Hour, Feed, Etc. WHEAT Track prices: Bluetem milling l.SOtf 1.8.1; club. fl.S0ei.22H: Valley $1.17. FLOUR Patents, $6.2.1 per barrel; straights. $5 SO; exports. $4.70: Valley, fyso; graham. $.1.I0; whole wheat, quarters, $3. SO.' CORN Whole. $35 per ton; cracked, $36 per ton BARLEY Feed. $S4C35 per ton. OATS .No. 1 white. $415)42 per ton. M1LLSTUFFS Bran. 2rt.30 per ton; mid dlings, $3.1; shorts. $29(9S; chop. $24tf30; rolled barley, $36&37. HAY Timothy. Willamette Valley. $17 BO per ton; Eastern Oregon, $20 23. Vegotablr. and Fruits. FRESH FRUITS Apples. $162.50 per box; strswberrles, $1.5092 per crate: cherries. California. figi.es per box; Ore- gen, S$T6o per pound; gooseberries, BO So per pound; peaches. 85c per- box; apri cots, 1.101.S5 per box; plums. S11.S0 per box; raspberries, SI per crate; black berries. $1.25 per crate; cantaloupes, S4Q 4.80 per crate. POTATOES Jobbing price. 1.252 per hundred; new California, SSSHc per lb. SACK VEGETABLES Turnips, S1.50 per sack; carrots, 11.75. TROPICAL. FRUITS Oranges, navels, 2-25S.25 per box; lemons, $3 4.25; grape fruit, 3.504 per box; bananas, 55c per pound; pineapples. S3 3.50 per dozen. ONIONS Bermuda, 1.25 1.80 per crate; red. $1.25 1.50 per sack. VEGETABLES Artichokes. B060c dox.; asparagus. 73 090c per dozen; beans 7 10c; cabbage. 2c per pound; cauliflower, $3 per crate; corn, 2oc per dozen; cucumbers, 50o 1.25 per dozen; lettuce, hothouse, $1.50 per box: lettuce, head. 25c per dozen; onions. 1214 15c per dozen; parsley, 35o per dozen; peas. 35o per pound; radishes, 15c per dozen; rhubarb, 83c per pound; spinach, 5c per pound; squash, 75c$1.25; tomatoes, $1.5001.75 per crate. Dairy and Country Produce. BUTTER City creamery, extras. 2GHc: fancy outside creamery. 2520c per lb.; store, 18c. (Butter fat prices average lfeo per pound under regular butter prices.) EGGS Oregon ranch. 24 25c per "dozen. POULTRY Hens, 13V. lie; Springs. 18c; roosters, 8&9c: ducks, young, 1718c; geese, 10llc; turkeys, 1820c; squabs, $2 2.24 per dozen. CHEESE Full cream twins, 18o per pound; young Americas, ITc. PORK Fancy, lOo per pound. VEAL Extras, 89o per pound; ordi nary. 7c; heavy, 6c. Groceries, Dried Fruits, Etc DRIED FRUIT Apples. 9c per lb.: peaches, T',48c; prunes, Italians, 54o4c; prunes. French, 4 80; currants, unwashed, cases, 9Hc; currants, washed, cases, 10c; figs, white fancy, 60-lb. boxes, 6H0; dates. SALMON Columbia Hlver, 1-lb., tails, $2 per dozen; 2-lb, tails. $2.95; 1-pound flats. $3.10H; Alaska pink. 1-pound talis, 90c; red. 1-pound talis, $1.45; . sockeyes, 1 pound tails, $2. COFFEE Mocha, 24 28c; Java, ordi nary, 17 20c; costa Rica, fancy, IS 20c; good, 1018c; ordinary, 1216o per lb. NUTS Walnuts. 12 13c per pound by sack; Brazil nuts, lac; filberts. 15c; pea nuts, 7c; almonds, 1314c; chestnuts, Ital ian, lie; peanuts, raw, S'Uc; plnenuts. 10 12c; hickory nuts. 100; cocaanuts, Uc per dozen. SUOAR Granulated. $6.05; extra C $5.55; golden C, $5.45; fruit and berry sugar, $6.05; Honolulu plantation, fine grain, $8; plain bag. $3.85; cubes (barrel), $6.46; powdered (barrel). $6.80. Terms, on remittances with in Its days, deduct 44c per pound; If later, than 15 days and within 80 days, deduct o per pound. Maple sugar, 15 18c per pound. 5A.LT Granulated. 1S per ton, $1.90 per bale; half ground, 100a. $7.50 per ton; 80s. $3 per ton. BEANS Small white, 8c; large white, 6'ic; Lima. 5!c; bayou. 6c; red kidney, 4ic; pink, 454C Provisions. BACON Fancy, 24o per pound; standard. 19Hc; choice, 18'Sc; English. 1618c DRY SALT CURED Regular short clears, dry salt, 1314 c; smoked. 14 340; short clear backs, heavy dry salted. 13 c; smoked, 14 c; Oregon exports dry salted. 14c; smoked, 15 He. HAMS 10 to 18 lbs.. 16Hc; 14 to 16 lbs.. 16 18 to 20 lbs., 164c: hams, skinned, 15c; picnics, lie; cottage roll. 12c; shoulders, llo; boiled hams, 2223c; boiled picnics, 19c. LARD Kettle rendered, 10s. 15 e; 5s, 15 He; standard pure: 10s, 14 He; 5a. 14 Tic; choice. 10. ISc; Bs, 134c. Compound. 10s. 914c; 0s. 9c. SMOKED BEEF Beef tongues, each. 60c; dried beef sets. 19c; dried beef out sldes. 17c; dried beef lnsldes. Sic; dried beef knuckles. 20c. PICKLED GOODS Barrels.: Pigs' feet. $13; regular tripe, $10; honeycomb trine, $12; pigs" tongues, $19.30. BARRELED MEATS Mess beef. $13 per barrel; plate, $14 per barrel; family, $14 per barrel: mess pork, $20 per barrel; bris ket. $22 per barrel. Hope, W00L Hides, Kto. HOPS 1909 contracts, 1314c per pound; 1908 crop, 010c; 190T crop, 65VLc; 1906 crop. 2 294c. WOOL Eastern Oregon. 16023c per pound; Valley, fine, 23c; coarse. 21 He. MOHAIR Choice. 2423o per pound. HIDES Dry hides. No. ' 1. 1617o lh : dry kip. No. 1. 1516o pound; dry calf skin. 18S19c pound; salted hides, 99Ho; salted calfskin, 13 15c pound; green, lo less, FURS No. 1 skins; Angora goat, $1 to $1.26; badger. 2550c; bear, $620; beaver, $.608.00: cat. wild, 75c1.60: cougar, perfect head and claws, $810; fisher, dark, $T.5011; pale, $4.90 0 7; fox. cross, $8 to $3; fox, gray, 6080c; fox, red. $35; fox. silver. $35 to $100; lynx. $8 15; marten, dark. $8 13; mink. $3.50 5. 50; muskrat, 1525o; otter. $2.604; raccoon, 6075o; sea otter. $100 250. as to size and color; skunks, 65fflS0c; civet, cat, 10 15c; wolf, $2 8; coyote, 76c $1.25; wolverine, dark, $35; wolverine, pale, $22.50. CASCARA BARK Per pound, 5 cents. PORTLAND LIVESTOCK MARKETS. Prices Current Locally on Cattle, Sheep and Hogs. Receipts of livestock yesterday were under those of Wednesday, but the market was so liberally supplied that conditions showed no Improvement whatever, particularly In the case of cattle and sheep. Hogs, on the other hand, continue In etrong and active demand. The receipts for the day were 223 cattle, 40T sheep and lUtJ hogs. Local urices quoted at the yarda yesterday were as follows: CATTLE Steers, top, 14.75; fair to good, $4.254.50; common, 44.25; cows, top, $4; fair to good, 3.B03.75; common to me dium. $2.80!3; calves, top, $5. 5.50: heavy, 3.r04; bulls and stags, $2.753.25; com mon. $2 2. 50. HOGS Best. $S8.15: fair to good. $7.60 7.75; stockers, 8.60: China fats, $6 78 U 1 SHEEP Top wethers, $4; fair to good, $3.50113.75; ewes. vc less on all grades; yearlings, best. $4.15: fair to good $3,750 4; Spring lambs. $4.755.25. Eastern Livestock Markets. CHICAGO. June 17. Cattle Receipts, es timated. 8000; market, steady. Beeves, 15 30,1 7.25; Texas steers, $4.a-8.26; West- steers. $4.756..HO; stockers and feeders. f.l.BOft S.uU- cows and heifers. $2.50C-3O; calves. $r.7Bi;7.75. Hogs Heci-ipta. estimated. 16.000: mar ket, steady. Light. 7.2oa 0.50; mixed. J7.40 418 05; heavy. J7.50 ,f S 07 V ; rounh. $7.50 T 70; good to choice heavy, $7.70 8.07 'm ; Pips. $6.207.10; bulk of sales. $7.60 Sheer Receipts, estimated. 12.000; mar t.f'j. -8te?)r- Native. $3.7606; Western, $.1.75 a 15.90; yearlings. ff.07: lambs, na f 'Ik S5.? ?'; Western. $5.758.23; Spring lambs, $t4 9.25. Ton tt lTY' Juna 17- Cattle Receipts ...... . .tv,.,. .-.aiive steers, so'n i; native cows and hetfers. $2.50'6 0O- stock ers and feeders. $3.1103? B.SO: bulls. $f5: calves, $3.i5mj.7; Western steers. $4.757 Western cows. $S.23(S5.25. "- " " Hogs Receipts. 10.000; market, steady. ByUk of saies. $7.S07.75; heavy, $7.70 PtITCk'r"-.and1 btchers. $7.507.SO; light. $7.1.V'tl 4.65; pips. $6(p:7. Sheep Receipts. 00O0; market, steadv. Muttons. 4.i5i!i 0.75: lambs,. $6.757 80 i''U wethers, S4.50i35.50; range ewes, $4. 5.2o. isS??Ai?A,LN?b -, Jun8 'J Cattle Receipts. 180O; market slow and weaker. Western steers. $3.0O5.85; Texas steers. $35 40 range cows and heifers, $2.73r.f 3 3.-,- can ners. $2 3.75; stockers and feedeKs'. $.ifl) 5.40; calves. $.c?i 7; bulls and stags. $3 as "3 sifiei ?:2o'S?:SS.s 5-"-"' Sheep Receipts. 3000; market, steady to stronger. Yearlings. 5.758.60; Wat h era $5.406.23; ewes. $5 6; lambs, $7l Copper Down in London. LONDON. June JT. Following the cut In American prices and a large Increase In London statistics, copper developed weak ness today and at one time showed a Ipsa of 12s 6d from yesterday's close, but on bear covering improved, and at the close prices were 10s id net lower for the day About 300 tons were sold. Wool at St. Louis. ST. LOUIS. June 17. Wool, steady. Ter ritory and Western mediums. 242oc- One mediums. 21 24c; fine, 13 22c BREAK IN STOCKS Market Demoralized by Gen eral Selling. COPPER CAUSES TROUBLE Manipulation in the Metal Trade to Keep XTp Speculative Values. Errect on the Steel Securities. NEW YORK. June 17. Speculative de flation, which took on the symptoms of col lapse, was effected in the stock market to day. The violence of the break camo as a surprise. As prices crumbled away, mar gins were wiped out and stop-loss orders uncovered and eoon after mid-day the mar ket was demoralized. Developments In the copper trade have Impressed sentiment very unfavorably In consequence of the suspicion that specu lative forces have been at work in the market for the metal to sustain the specu lation In stocks. European copper trade sta tistics show how a large part of recent and current American exports are going into warehouse stocks abroad. raUier than into consumption. ' This showing had an effect on sentiment regarding the steel trade where the cur rent active demand still continues, but with the possibility, as In the copper trade, of an accumulation of stocks that may prejudice later demand. Borne of the sellers expressed appre hension that President Taft's special mes sage regarding an Income and corporation earning tax might be a prelude to revival of agitation against corporations. The extensive covering by shorts in the process of realizing bear profits relieved a substantial part of the extreme declines, which ran from 3 to nearly five points of the stocks most acutely affected. Tha closing tone was unsettled. Bonds were Irregular. Total sales, par value, $5,042,000. United States bonds were unchanged on oall. CLOSINO STOCK QUOTATIONS. Closing Sales. Allis Chalmers pf 2. 900 High. 62 H S3 42 42 8a 56 42 Low. Bid. 5H4 79 41 40V HI 'A 64 Vi 71 41H as 17V4 67 o.ii 62 80 4214 42 W 81V, 64 Vi 71'i 41 39y 1 67 Atnai jopper .... 72,000 Am Agricultural .. 500 Am lieet Sugar .. 12,800 Am Can pf...:... 1.5O0 Am Car & Foun. 3,800 Am Cotton OH... 6.100 Am Hd 4fc Lt pf 1,000 Am 'Ice Securl. . 0,200 Am Linseed Oil.. 2.000 Am Locomotive... 2,600 Am Smelt & Ref. 20.000 tin f..,. Atti 40 T 171. 50 03 it OO'A 110 1." 100'J, Am Sugar Ref '.. '. 3.9O0 125 '4 I'M l'U -1 " 01 OC lot. ... O.DW Am Tobacco pf... Am Woolen 400 Anaconda illn Co. 8,000 Atchison 32,800 do preferred . loo 141 140 li Ml 34 34i,2 48 48 112U 113 35 H 49 ,4 114 105 ll5 104 Atl Cnaat Una IT 131 116 - 84 29 77 180 3 103 132 Bait & Ohio 12,200 117, do preferred ... 200 " 04 116 94 28 78 18" 31 K'4 293 75 CT 2 182 151 74 42 66 81 netnienem Bteel .. 5,100 Brook Rap Tran. 10,200 Canadian Pacific.. 1.300 Central Leather .. 23.S0O 70 182 31 do preferred ... 200 104 Vs Central of i J. . Ches A. Ohio 8,800 79 Chicago i& Alton 600 ' 8Va Chicago Gt West. 8,400 3"4 Chicago & N W.. 1.0OO 084 75 7 2 . 182 150 74 41 66 61 80 138 M s lit Paul.. 1S.90O 154 -:. u, J & St L. . . 6X Colo Fuel & Iron. 18,900 Colo & Southern.. 94 75 44 67 K1 flo 1st preferred . do 2d preferred. Consolidated dam. . Corn Products ... Del & Hudson.. Q & R Grande ... 600 eoo 600 11,800 90O 8,600 400 1. V u. 80 141 140 22 188 48 87 88 23 ISOTs 60 88 38 iW 53 43 187 47 88 68 Vi 34 Distillers' Securl. Bile '. 15,400 ao lt preferred. 1,800 do 2d preferred. 800 General Eleatrlc. 2,Ot0 62 62 tt 4J 100 101 147 147 it isiorthera pf... Gt Northern Ore.. Illnols Central Interborough - Met. do preferred Inter Harvester .. 7.20ft 1411U 6.800 76 2,000 148 8.1O0 10 13,600 48 14 13 10 16 48 147 16 47 84 23 15 39 29 44 inter-Aiai-lne pf Int Paper Int Pump Iowa Central . . K O Southern ... do preferred Louis & Nashville Minn & 8t L. . . . M, St P & a S M. tf iasourl PaMflr. . 600 2,3i0 4110 l,6oo 4,00O 30O ' 1.400 2 11 no 23 15 40 30 45 23 14 39 28 44 72 141 72 14 142 60", 65 138 137 138 75 72 73 ti 6.300 Mo. Kan St Texas Rwio 42 41 41 do preferred ... ...... National Biscuit National Lead . . . 8,300 Mez Nat Ttv 1 or nf 105 83 81 S3 'A 52 52 N Y Central 89.400 1H411 130S4 l'v'li 89 83 89 V. 83 15v 9 135 113 1 42 43 151 14 30 10 30 68 42 26 68 80 129 131 30 67 39 34 48 Northern .Pacific.. 18,700 151 'li 140 acltlc Mail 200 2 20 - w.. .,... un ..... xO.itVU People's Gas .... 1,700 P. C. C & St L. . . 300 Pressed Steel Car 1,000 Ry Steel Spring.. 300 Reading 160.400 Republic Steel .. 6,700 do preefrred ... 600 Rock Island Co. . 37 44K1 do preferred . . . 1.70O. St L & S F 2 pf. 400 Sc L Southwestern 900 do preferred 1 4uo Bloss-Sheffield 100 137 114 91 42 43 154 .30 1(16 31 0!) 43 26 08 135 112 91 41 42 150 20 105 , 20 s 43 2i 68 Southern Pacific .. 81.60O 130 128 do preferred ... 1.600 182 131 Southern Railway, a.7oo 80 30 wo prererreu ... 700 88 40 35 60U H 39 34 60 lenn copper .... 9n Texas & Pacific. 8,700 Tol, St L ft West I 300 ao preferred , 400 68 Union Psclflo ...103,600 192 189 190 do preferred ... 9 w ?? Si1 'iX 7 97 97 V S Realty ..... 'siM 97 82 81 K9 38 6T - 65 81 38 66 122 50 531I 22 57 IS 74 10 67 IT S Rubbar . . 1 on. U S Steel .2in'4fio do nrv. T-rm 8.0O0 123 122 Utah rnnn, 62 fiO J a-Caro Chemical. 9.oo Wabash 0,100 do preferred ... 61,800 Western Md 6 000 wertlnghouse Eleo 1,700 Western Union ... 300 Wheel Sc L Erie Wisconsin Central. 100 Total sales for the day. 54 23 () 19 85 74 51 21 66 18 63 VJ 74 B"Vi 67 1.250.400 aha: BONDS. NEW JORK. June 17. Closing Quotations: V. S. ref. 2s reg.1011 T C G 3s 0 do coupon 101 North Pacific 3s t"S II. S. 3s reg.... 101 I North Pacinc 4s 102 2 do coupon 102 Union Pacific 11 lrn V 8 nw 4s reg.118 Wiscon cent il Sl- rS,04-::::157z,j i Stocks at London. LONDON. June. IT. Consols for money, 84; do for account, 84 5-la. Ana5p"d!l ,,,.lN- Y Central... JST Atchison llONorfolk & West oiu d,? ?re': : 1"7 dopref...:..: 55 " Vi" ia Ont ft West,... 5511 Can Pacific 186 -i Ppnn.vtn.i. ' SX5 Ches & Ohio 779, Rand Mines....! 10V4 Reading . 17 fill Urt West... 3 C. M. ft S. P 157 De Beers 15 t & R G 52 do pref ei Erie SS do 1st pf 54 do 2d pf 44 Grand Trunk... 23 111 Central 152 L ft N 143 MO. K. ft T:... 43 Southern Ryll" 32 ao prer 70 South Pacific. . .131 Union Pacific..". 196 1 .100 u. o. ateei. . . . do nrnf Wabash ....!! a;i 61 97 84 do pref Spanish 4s . Amai copper. . Money, Exchange, Ktc. NETW YORK, June 17. Prime mercantile paper. 34 per cent. Sterling, exchange firm with actual busi ness In bankers' bills at $4.SO54.8610 for 60-day bills, and at $4.8790 for demand. Commercial bills, $4.85 Q 4.83. Bar silver, 52 c. Mexican dollars, 44c Government bonds steady; railroad bonds lrrec-ular. Money on call easy. 12 per cent; rul ing rate, 1 per cent. Time loans dull and steady; BO days. 2 per cent; 90 days, 23 per cent; six months, 3 per cent- SAN FRANCISCO. June 17. Sterling on London, 60 days. $4.86; sight, $4.83 Sliver bars. 52 c. Mexican dollars. 47c. Drafts, sight, 2c; telegraph, 4e. LONDON, June 17. Bar silver, firm, 24 d per ounce. ' Money. 5) 1 per cent. The rate of discount In the open market DMBBI LUMSEE for short bills Is 1 13-11 per cent; for threo months' bills, 1 13-1G1 per cent. Dally Treasury Statement. WASHINGTON. June 17. Today's state ment of the Treasury balances In tho gen eral fund, exclusive of the $150,000,000 sold reserve, shows: Gold coin and bullion ( 49,584.045 Gold certlflcates 23,660,260 Available cash balance 110.799,093 Metal Markets. NEW TORK. June 17. The London tin market was lower, -with spot closing at 133 7s 6d. and futures at 134 15s. The local market was lower In accordance, with spot quoted at 29.1 2 ft 29.87 c A very sharp opening; decline In the Lon don copper market was partly recovered, the close being lOa 0d lower, with spot quoted at 58 7e 6d. and futures at 50. Locally the market was weak and rather unsettled, with lake unchanged, at 13.37 H It 13.62 c and other grades still lo-wer, at 13.00 13 25c for electrolytic ajid 12.75 13.0Oc for casting. Lead was unchanged, at 13 Is 3d in the London market. Locally the market was quiet, at 4.35frM.45c. Spelter declined to 21 17s 6d in the Lon don market. Locally, the market was firm and higher, at 6.37 H 5.42c. Iron was higher in the London market, while the local market was steady at un changed prices. HEW CROP WHEAT SSLES CICB AT 95 CENTS AND BIUE. STEM AT $1.05 IN SEATTLE. Scarcity of Berry Pickers Reduces the Fruit Supply Inspection taw Causes Complaint. SEATTLE, Wash., June 17. (Special.) Several thousand bushels ot new wheat were sold on the Merchants' Exchange today at l-05 for blue stem and 95e for club and red. Grain men here frankly admit that wheat should be higher, but they do not dare to pay higher prices. Grain men and hay dealers are .expressing- dissatisfaction over the operation of the new hay and grraln law. A. meeting was held today at which lt was decided to have that portion of the. law relative to weighing of cars changed, if possible. Lack of berry pickers in the Lake Wash ington berry fields cut down the berry re ceipts today. Dealers were unable to get the price up much above yesterday's level. California grapes were offering today at Halibut was lower at 8c. The supply is commencing to Increase agaln Salmon are lower at 8o. QUOTATIONS AT BAN FRAfCISCX Prices Paid for Produce In the Bay City Market. SAN FRANCISCO. June 17. .The follow ing prices were quoted In the produce mar ket today: Mlllstuffa Bran. $28.5030; middlings. Potatoes Oregon Burbanko, $1.752: Salinas Burbanks, nominal; sweets, nom inal. Vegetables Hothouse cucumbers, SO 19 6Gc; garlic, 4?5c; green peaa. JIB 75 string beans, 2040; tomatoes, 405c egg plant, 710c; asparagus, 1(&2; red o'nlofts. 40 & 50c. Butter Fancy creamery, 26 Ho; creamery seconds. 25c; fancy dairy, 25c Poultry Roosters, old, J4l&'5; young, ISO 10; broilers. small. l.bQa3; broilers, large. 3.6O4.50; fryers, ?5.606.50; hens o10: ducks, old, 5(S6.60; young, 16g ' Y-SSB Store. 25c; lan.y ranch, 27c Cheese New, 12i413c; young Amer ica. 15l416Hc. Wool South Plains and San Joaquin ltlc; Mountain, 612o; Nevada. 1J J 200! Hay Wheat, 1819: wheat and oats J16(g'17.50; alfalfa, nominal; stock S8r9 barley, Jll14; straw, per bale, 6080c ' Fvults Apples, choice. J1.50; common, 2fic; bananas, 75c3.00; limes, 45: lomona, choice, $3; commons, $1; oranges, $1..1fia3; pineapples, i2-g3. Hops New crop, 1014o. Receipts Flour, 732 quarter sacks wheat. 70 centals; barley, 44rt0 centals; oats. 0:13 centals; beans, SU sacks; corn 380 centals; potatoes, 2370 sacks; middlings, 10 sacks; hay, 408 .tons; wool, 16 bales; hides Dried Fruit at New York. NEW YORK, June IT. "Evaporated s.p ples, firm; fancy, 8ViB14c; choice, 7 8c; prime, 6x4j"lic; common to fair. B 6H0. Prunes, firm and fairly active as compared with other fruits; California. 2Kllac: Oregon. 6 9c. -7v.. Apricots, unchanged; choice, lsfiouo: extra choice. 10i10c; fancy. ll13c Peaches, quiet; choice, CH6c; extra choice, 6H6c; fancy, T8He. Raisins, quiet but steady; loose muscatel 8tt4 l-8c; fancy seeded. 4 514c: seed less. 4945H; London, layers, 41.1591.20. Iiondon Sheepskin Bale. LONDON, June 17. A sale of sheepskins was held here today. The offerings num bered 9100 bales and they were in steady demand. Americans secured a good pro portion of medium and fine crossbreds. Prices generally were to 14 d lower. Lambs were unchanged, but half-wooled merinos declined 14 d. Xew York Cotton Market. NEW TORK, June 17. Cotton Spot closed quiet; middling uplands, 11.40c; mid dling gulf, 11.65c. No sales. Cotton futures plosed steady: June, 10 Mc July and August. 10.00c; September, 10 84c-' October and November, 10.Sc; December' lO.eoc; January, 10.85c; March, 10.8ttc; May Eastern Mining Stocks. NEW YORK. June 17. Closing quotations: Alice 200 Brunswick Con. 5 Com Tun stock. 28 do bonds 195 C C Va 05 Horn Silver..... So Icon Silver 150 Leadville Con.., 45 Little Chief. Mexican ........ S'l Ontario 350 Ophlr 10 Standard 17 lYellow Jacket 13 THE MENS HAS MOVED TO THE MEN; NORTHWEST CORNER FIFTH AND STARR STREETS PIKES SHORTS BUY Oversold Condition of Wheat Market Leads to Bulge. DAY'S NEWS IS BEARISH Fair AVeather Forecasted for the Winter Wheat BeltTennes see Already Selling New - Crop Grain. CHICAGO, June 17. Nervousness was manifested In the wheat market and prices fluctuated over a range of IVsle for the active months. Lata sentiment became bullish and the market closed at almost the highest point. An official forecast of gen erally fair weather for the Winter wheat belt and a report that new wheat from Tennessee had been sold to St. Louis inter-' esis toaay tor immediate shipment were motives for selling. The late bulge was due largely to an oversold condition, rather than to any bullish news. The July deliv ery displayed buoyancy and rebounded 114c from the low point, closing within 140 of the top at $1.1614. An advance of l4c In July was the fea ture of the corn market. Prices closed with net gains of c to 10. jiy ranged be tween 7114c and 72"4c, the latter price being the closing figure. Oats shared in the rally. Late July made the greatest gain, and after selling between 0014c and Bl4c. closed at the top. ,P.ovlllon were strong. Prices closed 1214 15o to 22o higher. WHEAT. T , Open. High. Low. Close. H3 U-15 1.1S J1.1514 HeDt 1. 07-54 1.08 1.06 1.08 Dec 1.06 1.08V 1.05 1.06 CORN. Ju,y T114 .72H .7114 .72 Deo 58 .614 .5814 .6914 OATS. -B1H .5014 .6114 SePt 43 .43i .42'4 43; MESS PORK. Ju'y 20.25 20.45 20.25 20.45 Sel" 20.45 20.65 20.45 20.65 LARD. 5I "-S 116714 11.85 feeP 11.75. 11.9214 11.95 11.9214 SHORT RIBS. Ju,y 11-05 11.15 11.05 11.05 kept 10.85 ' 11.10 10.98 11 10 tash quotations were as follows Flour Easy. R.' No. 2, 8 7c. Barley Feed or mixing, 7879o; fair to ohoice malting. 8081c . Flax seed No. 1 Southwestern, IL55: Jo. 1 Northwestern. 81.65 V Timothy seed 83.90. Clover 810.25. . Pork Mess, per barrel, $20.8714(8)20.50. Laid P.r 100 pounds. $11.85 Short ribs Sides (loose). $11(2)12.50. llt'4 Clear boxed. $11.60 Grain statistics: .Tofa! clneforaSel of wnt nd flour were equal to 108.000 bushels. Primary receiDts we 166.000 bushels, compared with SM.'foo 57.000 head. 1S CarS: ata- 84 h" Flour, barrel. 1 "'fsoo 'oTn'o g' b"fh6 196.300 433 800 Oats, bushel 172.500 348.100 Rye. bushels 4 000 J inn Barley, bushel, ""l: j;agj j00, Grain and Prodnoe at New York. NEW YORK. June 17. Flour Receipts. Wheat Spot, steady; No. 2 red, old, $151 elevator; No. 2 red. old. nomlnat 1.18H f. Si tTKa?at!No--1 MrUllra Duluth. old, ofn eiaSa- .b- ?float: - hard Winter, old. 1.84 f. o. b.. afloat. The wheat marl ket was irregular today and at times quite weak under heavy crop estimates from Kan sas and liquidation. Subsequent rallies were caused, y the strength of corn, bull support ,,,i,!JCTil,: ran" ln ,no Southwest, the market closing firm at 14 to 14 c net ad- ifI?S7i-JrJy CI?"1 at 1.23H: September, HopV-F!,Snm " 1"1S,i 11514. Hides Quiet. Wool Steady. Petroleum Steady. , Grain at San Francisco. SAN FRANCISCO. June 17. Wheat, un changed; barley, weak. Spot quotations: 2.Yohl!MShlPPinSr' 2102: "liilng. Barley Feed. $1.8711 1.-4214 Oats Red. $2.1O2.20; white, 2.13ffl2l20. Call-board sales: Wheat No trading. Barley December, 91.374 91.8814. . Corn Large yellow, $1.8714. 1 V European Grain Markets. LONDON, June 17. Cargoes easier: Walla Wallan passage, at 45s. English country markets steady; French country markets quiet. LIVERPOOL, June 17. Wheat, July Se lid; September, 8s 6Hd; December, 8s 314d Weather fine. - Wheat at Seattle. SEATTLE, June 17. No milling quota, tlons. Export wheat: Bluestem. 1124. club. $1.14; red. $1.09. Receipts? Oata, i cars. Wheat a Tacoma. TACOMA, June 17. Wheat Milling, blue-" NATIONAL AN K BUILDING THE BEST STREET INSURANCE IS THE BITULITHIC PAVEMENT It insures against dust, mud and street noises. , It insures against slipperiness and falling horses. It insures against craeks, disintegration and eostly repairs. It assures a sanitary and durable street. It assures conscientious workmanship and best materials. It assures perfeot satisfaction. BITULITHIC INSURANCE IS SAFEST AND SUREST WARREN COSTRUCTION COMPANY 317 Beck Building, Portland, Or. DOWNING-HOPKINS CO. ESTABLISHED 1883. BROKERS STOCKS--BONDS --GRAIN - nought and sold for Private wires Rooms 201 to 204. stem. tl.301.85: club. $1.14; export, blue stem, $1.24; club. 1.14: red, $1.09. Dairy Produce In the Eaat. CHICAGO, June 17. Butter, steady. Creameries. 232614o; dairies, 20142414o. Eggs, steady; receipts, 19,?94; at mark, cases included, 1014c; firsts. 20c; prime firsts, 2114 c Cheese, strong. Daisies, 14&1414c; twins, 14(14i4c; young Americas, 14Y414Ke; long horns, 14W14c , NEW TORK. June 17. Butter, barely steady; creamery extras, 26o. Cheese, steady. New state full cream. 1314l14c. Eggs, weak. Western extra firsts. 3114 22c; firsts, 20i21a (official, 2014c): sec onds, 1914 20o. Coffee and Sugar. NEW YORK. June 17. Coffee futures closed steady, net unchanged to 15 points lower. Sales were reported of 19.250 bags. Including July. 6.406.45c; September, 5.90 &o.95c; October and December, 5.75c. Spot, quiet; No. 7 Rio, 7T48c; No. 4 Santos, 9c. Mild, Quiet; Cordova. 9H121tc. Sugar Raw, weak; fair refining. $3.30(9 8.42c; centrifugal. 90 test, 8.83.U2c; mo lasses sugar, 43. 11C&8. 17c. Refined, steady; crushed, 5.85c; powdered. G.u5o; granulated. 4.95c. Flaxseed at Minneapolis. MINNEAPOLIS. June 17. Flax closed at l-74. CRITICISES RACE GUARDS Visitor Questions Authority for Call ing Ont State Troops Saturday. LA GRANDE. Or., June 14. (To the Editor.) On Saturday last, while .attending- your Rose Festival, with some friends who -wished to see a part of the automobile races, we took the car to Montavilla and then -walked to a point 400 or BOO feet from the corner where the .cars turned. At this point a rope was stretched across the road from fence to fence. At either end and at the center was sta tioned a soldier, armed and exercising authority. One of the soldiers at one end of the rope, which was dropped from a stake driven at outer edge of walk to fence, demanded and received 60 cents from every person who passed, or wanted to see the 'race. If one did not pay, or sumbit to being- held up at the point of the bayonet ln the name of our great state, he could not pass, although on a publio highway (a United States military road, I am told), from which people beyond and between the rope and the race course were not excluded who had submitted to the extortion. What we would like to know is: 1- What right has an officer, governor, or other officer to order a soldier to do duty in such a case? . 2. What right. If any, has a soldier, when on duty, and we assume these were under orders, to collect money (engage In private business or duty) on a public highway and -at the point of the bayonet not a figure of speech, but a fact? 3. At a place called Twelve Mile House I understand a farmer had a rope Btretched across the road some 500 feet from the corner where the cars passed and collected 60 cents from each person who passed at the point of the bayonets ln fhd hands of the soldiers. Isn't that highway robbery ln the name of your state? An early answer through your columns will be appreciated by your friends who possess the "Seattle Spirit" unaided by armed force In the name of the state CHARLES HALxl P. S. What did soldiers do with the money? Or, who was using the soldiers? From whom shall we demand a return of the 60 cents extorted? C. H. As to the authority of the Governor to call out the State troops for service ln guarding the race-course during auto cash and on margin. Couch Building Telephone M S35 A 2237 mobile road races, there can be no ques tion, under the State military laws. It was explained at National Guard Headquart ers yesterday. In this case the troops were called out at the solicitation of the County Judge, Sheriff Stevens concur ring, on the representation that there was danger along the Section Line and Base Ldne roads, where the, races wera held. Guardsmen explain that they were reluctant to turn out at all, hat the plea was made by the Portland Automo bile Club that no races oould be held without ropes to line the course and ward off danger. The only duty assigned the Guardsmen was that of keeping the people off the track. As to the charge that soldiers took money for passing people through the ropes lt is said by Captains and Lieu tenants ln charge of the patrols 'that eo far as they observed, nothing of tfie kind occurred. However. If the fact can be proven that any man did take money, either on his own-, responsibility, or as agent of the Automobile club, he will be prosecuted toy the military author ities, lt Is said. M'RAE STOCK DISBANDS Hard Iiuck Too Much for Company of Tacoma Players. TACOMA, Wash., June, 17. (Special.) Dissatisfaction on the part of the play ers and unprofitable business conditions i has caused the McRae Stock Company, which has been popular here for two years, to disband, leaving Tacoma with- : out a stock company. The first hard luck of the company was when the Star The ater, Its home, burned down. Mr. McRae is contemplating going to Bellinghara. The United Btates marketed clay worth $158.942.fl ifo7. according to th. logical Survey. More than three-fourths of lt was used for brick or tile. TRAVELERS' GUIDES. CANADIAN PACIFIC Less Than Four Days at Sea WEEKLY SAILING BETWEEN MONTREAL QUEBEC AND LIVERPOOL Two days on the beautiful St. Lawrence River and the shortest ocean route to Eu rope. Nothing better on the Atlantic than our Empresses, wireless on all steamers. Ilrst-cJass S80s second sso. n class cabin S4o. Ak any ticket agent, or write for sailing rates and booklet. , F. R. Johnson. P. A.. 14 Sd st. Portland. Or COOS BAY LINE Th. steamer BKAKWATK leaves Port land every WedneMlu,. 8 f. M., from Alns worth dock, for .Norm Uuid. Mtu-.nueld un4 Coos Bar points. Frelgat received uu 4 p. M. on day of sailing. Passenger tare. Orst-els-ss, 10; second-class. 7. Including berth and meals. Inquire city ticket office. Thlrs and Washington strMLs. or Alnaworta 4ms, Pacse Main SOS. NORTH PACIFIC S. S. CO. For Eureka, San Francisco and Los Angeles direct. The steamships Roa noke and Elder sail everv Tuesday at 3 P. M. Ticket office 132 Third, near A-lder. Phones M. 1314 and A 1314. H. YOUNG, Agent. SAN Only FRANCISCO PORTLAND B. S. CO, direct steamer and daylight sailing. Alnsworth Dock, Portland, 9 AM. Hose City. Jane IB. J.il, It From S.S. 8. IS. From S.S. 8.S. State of California, June 26. Lombard fcl., San Francisco. 11 A M. State of California, June 19. Rose City, June 2, July 10. J. W. Kansom. Dock Agent. Main 268 Alnsworth Dock ROCHE, City Ticket Agent. 142 Sd Bt. Phone Main 402: A 1402. M. J.