11
THE MOUSING OKEGOX1AN, WEDNESDAY, JULY 21, 1909,
NEW WHEAT PRICES
Definite Values to Be Fixed
Within Few Days.
IMPORTANT DEALS PENDING
Preliminary Figures May Be but
Little Changed Actual Motc-
ment of Grain W ill Soon
Bo Cnder Way.
The consummation of Important deala tn
new wheat local exporters expect within the
next few day will definitely establish open
ing raluea on the comlnff crop. The figures
riven out by the export trade this week
were tn advance of actual business, and
were at best an approximate of real Taluea,
That they were not Tory far. however, from
the prices that will rule when the move
ment of the sraJn la actually under way,
is the belief of same members of the trade.
From this time on Interest In the wheat
market will be strong. While other grains
will en-ae the attention of traders In a
larr way. wheat will be the great factor
in the cereal trade. News from the inter
ior Indicate that the harvest Is well under
way and that tha farmers are as bullish as
ever regardma the futnio of the market.
That there la good ground for the position
taken by the producers la more or less
generally conceded.
The latest Issue of the Commercial West,
of Minneapolis says of the wheat situation
in general t
A Ftronir factor m th -tnt1on. H nmst
be confessed, is the big bull house In Chl
cajro and Its following that has so long
largely domtnated the market. Yet back
of their operations Is the world's position,
which must be conceded by every one as
being exceedingly strong. Thus consumption
of wheat the world over has overtaken pro
duction and It is already apparent that at
the end of the new crop season, or, say 12
months hence the world will not have a
surplus of breadstuff, and economy of con
sumption will doubtless have to be prac
ticed In some of the Importing conn tries
to prevent an actual shortage.
In this connexion, the irmortisg coun
tries of Europe have their attention cen
tered upon Argentina. For six years, up to
the last crop season. Argentina increased Its
wheat crop each succeeding year, and as
that country had previously been a very
uncertain one, owing to climatic conditions
and poor methods of agriculture, the grain
trade of the world annually erpected a crop
failure or serious crop shortage. Last sea
port came the flrwt intimation that the coun
try hud not become a reliable producer.
The drouth previous to and during the pres
ent seeding season, which has caused a
greatly reduced acreage, seems to indicate
that the long-expected crop calamity Is like
ly tn be a reality.
Sui-h a shortage coming at a time when
the world is already short of supplies, the
rrTeot on the Importing countries of Europe
Is almost sensational. Owing to Europe's
depending upon Argentina to piece out the
Interval between crops In the Northern
Hemisphere, a shortage there means more
than It would in any other country. It may
rvnwnRMv he expected that setback In
price from the present level will meet with
good buying from the United Kingdom, and
that when the movement of Winter wheat
Is fairly under way, Germany will be a
good buyer.
WATERMEI.OX TRAD IB DEMORALIZED
Fm It Now Selling Under a Cent a Found.
Cantaloupes Are Finn.
The watermelon market went completely
to the bad yesterday. Even with the weath
favorable It was Impossible for dealers to
move more than a portion of their stocks.
Liberal arrivals from the South were re
ported, and the prospect Is for heavy re
ceipts for at least a week to come. New
record low prices were made when one of
the leading dealers quoted 80 cents a hun
dren for small or large lota The betlef was
expressed that still lower prices could be
expected next week.
Cantaloupee held steady to firm at (S to
99 26 a crate for the best stock, and wtth
lighter receipts from this time on. the pros
pect Is for a well supported market to the
snd of the season. Probably not more than
three or four cars of cants are now rolling
this way.
More peaches came In Monday and yes
terday than durlnsT the whole of the preced
ing week, and Improvement In the quality
of much of the fruit was one of the features
of the market. California Crawfords were
much in evidence, selling at $1.10 to 11.25
a box, wh l le Boat h ern Oregon A lexan d era
tnoved from T5 cents to II. For the remain
der of the season there will be no scarcity
of peachea. Oregon Crawfords are not ex
pected before early in August.
Fruit-dealers estimate the peach crop of
the Willamette Valley this year at T3 to
0 per cent of a full yield, with quality well
up to the average. nK of the mountains
the prospect Is for a light output, and It Is
said that the state of Idaho will not ship a
carload of the fruit this season.
There were Loganberries enough for the
demand on the street yesterday, and the
be ofTerinrs mid at l.V a crate. Flack
caps, raspberries and other small fruits
moved at the last quotatlona
MARKET OVERLOADED WHU COWS.
Steen Hold Their Own Moderately Well
Hosts tn Good Desnaad.
Cattle rerelpta at the local yards for
some days have shown too large a proportion-
of cows, and the result Is a weaker
lone for the time In that line. Dealers
yesterday reported, steers holding thetr own
moderately well at the quotation that have
prevailed for aeveral days, wtth cows tend
ing to drag. No price changes, however,
were announced.
Beef material Is and for week has bees
plentiful, and one of the features of the mar
ket Is the abeence of quality stock. The
rattle at the yards today were for the most
part fair to rvii - nothing tn
sight that could be graded as prime. With
the ranges In this and adjoining states dry
ing up. there la little prospect of any ma
terial Improvement in the quality of the of
lerlnffs In the near future.
Sheep are doing slightly better than a
week or tuo ago. the result of Improvement
tn jhe quality of the late offerings. In both
theep and lambs. This Is usual at this time
Df the year. With the market well supplied,
prices have undergone no change as yet.
but the outlook for the future Is rather fa
vorable Livestock dealers report a marked scar
t!ty of hogs in all sections of the N'orth
fcest. and the few porkers that come In from
time to time are usually such as would not
be considered marketable In the Middle
ft' est. So far as known, no Important ship
ments of ' pork materials are headed this
aav at this time. The packers are bringing
In their usual shipments from the other side
f the Rocky Mountalna But for these
there would be a famine In the local pork
narket.
Receipts yesterday were ZS9 cattle and S5T
ibeep and lambs.
Local prices quoted yesterday were as
?oi!ows:
CATTLE Steers, top.- 4 50; fair to good.
?44?5; mmon. S3 75 4; cows, top. 13.30;
fair to good. S3 $3.25; common to medium.
$2 50 ft 2.73; calves, top. 455 Q 5-50; heavy,
l3.A0.f4-: bulls and stags. f J 73 8 3 23; com
mon, $;X50.
HOGS Beat. S? 2r. ft Sft; fair to good.
S7-75 tT : stockers. $ -tf 6 30; China fats,
SHEEP Top wethers, JM; fair to good,
a.30 33 75; ewes fee lean an all grades;
yearling, best, S4; fair to good, S3.503-75;
Spring lamba $5.25 5-35.
BUTTER WELL ADVANCE SHORTLY.
Conditions Ripe for Another Lift In Prices,
8o Maker Say.
The local butter market underwent no
change yesterday, but that quotations will be
lifted before the end of the week Is a mat
ter of general belief. Range conditions In all
the dairying districts of the state are stead
ily growing worse and production la natural
ly falling oft. Meantime there Is no appar
ent abatement In the demand.
The cheese market likewise shows
strength, but there Is leas likelihood of an
advance In this line In the near future.
Local dealers Incline to the belief that pres
ent quotations will hold for a week or two
at least.
Poultry dealers reported moderate re
ceipts yesterday and a fair movement of
stock, for the most part at last week's
prices. Fancy hens and good Springs were
moat In demand, but there was some Inquiry
also for young ducks and geese.
Eastern stock now figures largely In the
egg trade and will for the remainder of the
season. Fresh focal were quoted at 27 to
SS cents on the street yesterday and the
market on the whole was steady to slow,
with a decline In the near future predicted
In some quarters.
Dealers In country-dressed meats reported
a good demand for fancy pork and Teal, es
pecially the former, which Is now coming In
very sparingly. Best quality hogs moved at
10 to 11 cents a pound, and fancy veal at
9 cents.
Three Car of Bananas In.
Three cars of bananas were received yes
terday, the bulk of the shipment being In
good condition.
Some unusually fine apricots from Cali
fornia were a feature of the arrivals for the
day. They were quoted at $1-30 a crate.
There wore limited offerings of California
pears on the street, the best selling at $2 a
crop apples are coming In a fair
way, the bulk of them for the time from
California. Prices range from $1.50 to $2
a box.
Fancy Burbank plums moved in a moder
ate way at SJ.B0 a crate. Petite prunes
from the South sold at 91.10 to $1.25 a
crate.
Grain Movement Still Ugfat.
But little grain of any sort Is moving for
the time. Yesterday's receipts, according to
the Merchants Exchange, were 2 cars of
wheat. 8 cars of barley, 0 of flour, of
oats and 5 of hay.
PORTLAND MARKETS.
Grain, Floor. Feed. Etc
WHEAT Track prices: Blue stem nom
inal; club, L15; Valley. $L15; new crop:
bluestem. $1.06; dub, $1; Russian, 98c;
Valley, 8Tc , mnA
CORN Whole, S35 per ton; cracked, $38
per ton,
FLOUR Patent $6.25 per barrel ;
straights. $3 30; exports, $4.70; Valley,
$5.50; graham, $5.00; whole wheat, quar
ters. $3.fe0.
BARLEY New, $29030; September,
$26.
OATS No. 1 white. $42 per to.
MILLS TUFFS Bran, $26 per ton; mid
dlings, S.;3; shorts, 129032; chop. $24030;
rolled barley, $34 0 35.
HAY Timothy. Willamette Valley. $20
22 per ton; Eastern Oregon, $2123; mixed,
$16rZ0; alfalfa, $14.
GRAIN BAGS GHo each.
Vegetables and Fruits.
FRSSH FRUITS Apples, new California.
$1.50t3 per box; pears. $2 per box; Grav
en steins, $2.25 per box; strawberries. $3
per crate: cherries, 5 11c per pound; g;
berrlea, 6c per pound; peaches. 7aotftl.o
per box; apricot $1.2501.50 per box; canta
loupes. $8 3 25 per crate; currants. 8c per
pound; plum 1.25' 1.60 per box; nec
tarine $1.60; loganberries, $1.25 4? 1.60 crate;
raspberries. $l$pi.l6 per crate: blackcap
$1.50 crate; watermelons Oc$l hundred;
grape $161.50; blackberries. $2; wild
biackberrle 9tfl0e per pound; artichoke
eOc per doxen; celery, $1.25 per dozen.
POTATOICS Jobbing price, $1 1.73 per
hundred; new, 2'?2'ac per pound.
SACK VEGETABLES Turnip 11.2S
per sack; carrots. $1.60 & 1.75.
TROPICAL FRUITS Orsnge navel
$1..'0'& 1.75; Valencia $3(& 3.50; lemon
fancy. $6,509 T; choice. $5 6; grape fruit,
$3 per box; hananas. 6 tf 5 Ho per lb. ;
pineapples. $2 9 Pr down.
ONIONS New. $L25&I.50 per sack.
VEGETABLES Beans, 6c; cabbage, 1H9
1 H per pound ; cauliflower. $1 per dozen;
corn. 25 940c per doxen; cucumbers. 30Q40c;
White Salmon cucumber $1 per doxen; egg
plant. 12 Vt & 15c per pound; lettuce, hot
house. 75c 6 $1.00 per box; lettuc, head,
25c per doxen; onion 12fe015c per dozen;
parsley, .bbc per dozen; pea 69 7c per
pound; pepper 80 lOo per pound; rad
ishes, 15c per dosen; spinach, 5c per pound;
squash, 5c; to ma toe 6Oc0$l.OO; hothouse
torn a toe 6 8c
Groceries, Pried Fruits. Eta,
DRIED FRUIT Apples. 9o per Ib.j
peaches, 7H09c; prune Italians. 6090;
prunes, French, 4 6c ; currants, un washed.
cae 9 c; currant washed, case 10c;
fig white fancy, 50-lb. boxe Oc; date
k 9 ' c.
SALMOK Columbia River. 1-Ib., tall $2
per dusen; 2-lb. tall $2.05: 1-pound flat
$J10Vt; Alaska pink. 1-pound tall 90c;
red, 1-pound tall $1.45; sockeye 1
pound tails, $2.
COFFEE Mocha, 24 928c; Java, ordi
nary, 17 8 20c; COfta Rica, fancy, ISO 20c;
good. 16018c; ordinary. 12k 016c per lb.
NUTS Walnuts, 12 013c per pound bj
sack; Brazil nuts. 16c; filbert 15c; pea
nut 7c; almond 13 0 14c; chestnut Ital
ian. 11c; peanut raw, bc: oinenuts, 100
12c; hickory nut 10c; cocoanut 90o psf
ooree.
IS l' GAR Granulated, $5.75; extra C, $5.35;
golden C, $6.2i; fruit and berry sugar, $5.85;
Honolulu plantation, fine grain. $6.26; cube
barrel. $i.0; powdered (barrel), $s.fO;
Term on remittances within 15 day de
duct kc per pound; if later than 15 days
and within $0 day deduct Ho per pound.
Maple sugar. 15 13c per pound.
SALT Granulated, $13 per ton, $1.90 pef
bale; halt ground, 100 $7-50 per ton; 50
$S rer ton.
BEANS Small white. 7c; large whit
6kc; Lima, 5kc; bayou, 6 Vic; red kidney,
4fec; pink, kc
pro vision
BACON Fancy, 25c per pound; standard,
21c; choice. 20c; English. 18019c
DRY SALT CURED Regular short clear
dry salt, 14c; smoked, asc. short clear
black heavy dry salted, 15c; short clear
back heavy dry salted, 14c; smoked. 15c;
Oregon exports dry salted. 16c; smoked,
lHAMS S to 10 lbs., 17c; 14 to 1$ lb,
17c; IS to 20 lb. 17c; ham skinned. 17o;
picnic l!c; cottage roll. 13c; boiled ham
234y:44c: boiled picnics, 20c.
LARD Kettle rendered. It lHc; 6
lc- standard pure: 10s. ic; 6s. 15c;
choice. 10s. 14 c; 5 14 c Compound,
lus. 9c. 5 9c.
SMOKED BEEF Beef tongue each,
COc dried beef sets. lc; dried beef out
side I7r; dried beef Inside 2lc; dried
beef knu.kle 20c
PICKLED GOODS Barrels.: Pigs feet,
$13; regular tripe, $10; honeycomb trip
S12- rlK' tongues. $10.50.
BARRELED MEATS Mesa beef, $19 per
barrel ; plate. $ 14 per bArrel ; family, $14
per barrel, mess pork, $20 per barrel; bris
ket. $22 per barrel.
lalry and Country Produce.
BUTTER City creamery. extra 29c;
fancy outside creamery. 27 28c per pound;
store. 20c (Butter fat prices average lc
per pound under regular butter prices.)
EGOS Oregon ranch, candled, 27028c
per dozen.
POULTRY Hen 14014Hc; Spring 18H
019c; rooster 9ul0c; duck young. licy
1 'c- geese, voung, & ? 10c; turkey 18c;
squabs. $2tf2.25 per dozen.
CHEESE Full cream twins. 16H017C
per pound; young Americas, 17itTlSc.
PORK Fancy. 10ft 11c per pound.
VEAL Extras. c per pound ; ordinary,
7 0 8c; heavy, 7c. i
Hop Woof. Hide Etc
ttOPS 1D09 contracts. 15016c per pound;
110 crop, 11 9 lie; 1007 crop, 7c; 100S crop,
WOOI- Eastern Oregon, 1603o per
pound; Valiey. 23925c.
MOHAIR Choice. 24 ff 25c per pound.
HIDES Dry hides. 16 17c pound; dry
kip. 159 16c pound; dry calfskin. 18910c
pound; salted hide 9H9loc; salted calf
akin, 14 9 15c pound; green, lc less.
FURS No. 1 skins: Angora goat, $1 to
$1.23. badger. 23 9 30c: bear. $6920; beaver,
$6-50 9 8-50 ; cat. wild, 75c 9 1-50; cougar,
perfect head and claws, $3 910; fisher, dark,
$7 30 911; pal $4.&097; fox. eras $3 to
$3- fox. gray. t?0iS0c; fox. red. fo
silver, $'i' to $11K; lynx. $S9 15; marten,
dark. $$912: mink. $3.509 3.30: muskrat,
13 923c; otter. $2 50 9 4 ; raccoon, 00 975c;
sea otter. $ ! 00 9 as to size and color;
kimki. 5340180c: civet, cat. 10915c; wolf.
$293; coyote. woi veriua,
$3 9-5; weiverln pe, $292.50.
STEEL DRUGS
BACK
Unfavorable Rumors Cause
' Entire Market to Slump.
AWAIT MORGAN'S RETURN
Brokers Fear Hopes for Extra Divi
dends May Be Shattered, and
General Advance I
Checked. )
NEW YORK, July 50. The stock market
today miitht be aaki to bav. been waiting
on the return of J. P. Mown. whoM ar
rival from Europe la expected tomorrow.
The angrelv puihera ot the recent ad
vanoe in United 8ta.te. Steel were disturbed
by a .urse.tlon that the expected IncreaM
In the dividend had not been determined
on and might be considered aa Improbable.
Thl wa taken to mean that ml of the
Interest, believe postponing the contem
plated Increase of disbursement until the
working off of orders taken at the deep eut
In price, which went Into affect In Febru
ary may open the way to buslnesa on a
more profitable basla.
Holder, of United States Steel above T
do not view with equanimity the prospect
of continuing to hold the .tock aa a 2 per
ecnt dividend payer, and even the sugges
tion of a I per cent rate leave, a lack of
assuranoe among recent speoulatfre buyers.
Among these the assumption has been that
J. P. Morgan had committed himself to
the advocacy of a policy of Increased divi
dends In connection with the negotiations
o Introduce United States Steel to the
Paris Bourse.
The dragging tendency of United States
Steel proved an obstacle to the efforts to
advance prices, and more than once pulled
Uie market back after It bad set out for
higher levels.
Interest attached to the news that the
Union Pacific had sold its JIO.000,000 hold
ings of Atchison preferred to a syndicate
under the direction of Its own bankers. No
Information was forthcoming as to the In
tention of the company In disposing of the
proceeds of this sale. Union Paclflo sold
3, higher than Its former record.
The time money market held Its firm
tone, and foreign exchange rose sharply,
giving color to predictions that further
large shipments of gold to Argentina re
mained to be made.
Bonds were firm. Total sales, par value,
I4.020.O0O.
United 8tatea 4s registered deollned hi
per cent In bid price.
Closure stock quotations.
Closing
Bales. High. Low. Bid.
ATils Chalmers pf 300 f2 M 51 "i
Amal Copper .... 8,800 82U 81 829
Am Agricultural.. o
iculttmu.. 45
EUCW... 8000 4 Vi 44
pf S.SOO 824 Sl 82U
A Foun, .3O0 63 62 H 624
n OU.... 7.2O0 76Vi "4i "14
Am Beet Bugar,
Am tan
Am Car A
Am Cotton
Am Hd at Lt pf... 800 41 1J, 4H4
Am Ice Becuri... T.500 40 381, 39 7,
Am Llneeed OU 2O0 174 17 16(4
Am Locomotive. . . S,0 63 4 6Hi 63
Am Smelt A Ref . . 8,000 Mv, S;1 64U
do preferred ... 60 111 112 lllii
Am Sugar Ref.. 800 127 127 127
Am Tel ft TBI 1,600 140 140(4 1401,
Am Tobacco pf 10OT
Am Woolen 1.200 86 85 38
Anaconda Mm Co. 1.200 47 47H 7
Atchison 12,300 117 116(4
do preferred . 2u0 105 10S 104
Atl Coast Line. 131
Bait Ohio S.600 120 11 110
do preferred . . . &!(,
Bethlehem Steel - 881
Brook Rap Tran.. 800 78 78 78(4
Canadian Paclflo.. 4.600 187( 186(4 IMS'
Central Leather... 1,600 324 32 14 32
do preferred ... 300 105H 100(4 1(4
Central of N J 280
Chea 4 Ohio 81,100 78T, 78 i
Chicago A Alton... 2o0 69'. 68 68(4
Chicago Ot West. 900 1(4 1 1
Chicago N TV.. 1,400 1R4"4 1831 184
C. M St Paul.. 14.400 156(4 1B514 106(4
C, C. C St L... l'O 7S - 76 74
Colo Fuel t Iron.. 4.500 44 ;4 44(4 4454
Colo & Southern. 56
do 1st preferred. 2O0 81(4 81(4 81
do 2d preferred. 80(4
ConeolMated Ou.. 60O 1404 last 140
Corn Products ... 2O0 23(4 234 23(4
Del Hudson 192(4
D sc R Grande... 100 48l 4814 48(4
do preferred ... 100 85(4 WVi K4Hi
Distiller Securt.. 2O0- .18 87'4 37
Erie 27,300 S7i 36(4 37(4
do 1st preferred. 2.3O0 64 63T4 6
do 2d preferred. 700 44 43(4 44
Qen-ral Ellectrio.. 8.800 1ST4 167 167
Gt Northern pf... 7.70O 161 l, I6OI4 151
Gt Northern Ore.. 2.100 76 76 . 76
Illinois Central .. 1.80O 166 154(4 165(4
Inter-Met 800 15 15 15 14
do preferred ... 18,200 48(4 47(4 47
Inter Harvester 85(4
Inter-Marine pf .. 800 81(4 St-Vt 31T4
Lit Paper 100 16 16 16(4
Int Pump 3S
Iowa Central .... ZOO 29 28 294
K' C Southern ... 200 46 46 454
do preferred ... 200 72'4 71 72(4
Louis A Nalhvtll 3O0 1424 142(4 I4-
Mlnn k St L 2O0 66 56 65
M, St P ft S B M. 81IO 143(4 142 143
Mlssoart Paclflo... 300 73 724 724
Mo. Kan at Texas 1. loO 424 42 42
do preferred ......... ..... 73
National BlscuR 106
National Lead ... 100 86 86 86(4
Mex Nat Ry 1st pf 53
X T Ceatral 80,200 134 182 134(4
N T. Ont & West. 8 2"0 64 63 634
Norfolk West... 2.900 934 93 - 834
North American 1.100 MV4 83 83
Northern Pacific.. 10.10O 154(4 163 153
Paclflo Mall 2"0 30 30 24
Pennsylvania ,B1 138 138 138(4
Peoples Gas .... 800 116 116 "
P. C C St L... 82
Pressed Steel Car. 2.400 45 44 45(4
Pullman Pal Car 188
Ry Steel Spring.. 600 47 4614 464
Reading . B8.10O 15t 155 1554
Republic steel ... 1,800 33 4 .(3 33
do preferred ... 600 107 107 107
Rock Ialand Co... 72.100 31;, ' 85 36
do preferred ... 16,400 76 74 75(4
St L Southwestern 600 204 24 27
do preferred ... 800 65 65 65
Sloes-Sheffield 4O0 84 84 84
Southern Pacific-.. 29.500 134 133(4 134
Southern Railway. 45,100 31 31 31
do preferred ... 4H TO '10 iu
Tnn Copper .... 600 37 36 37
Texas Pacific. 400 35 34 34
Tol. St I. West. 500 49 49 49
do preferred . 300 69.j 69
Union Paclflo .... 81,6iK 198 197 198
do preferred . 700 106 105 106
V S Realtv 3O0 83 82 82
U S Rubber 200 39 38 38
U S Steel 88,500 72 71 71
do preferred ... 6,000 127 12K 127
Utah Copper 200 49 49 49
Va-Caro Chemical. 8,300 52 52 52
Wabaeh 1.5"rt 21 21 21
do preferred ... 6.40O 67 '66 57
Western Md 4.200 7 6 6
Westlmrhouse Elee 6.600 86 85 85
Western Union .... 1.000 73 72 72
Wheel ft L Krle.. 2UO 0 6
Wisconsin Central 65
Total sales for the day. 638,100 shares.
BONDS.
U.S. ref. 2s reg.lOOH'N.Y.C. gen. 8s. 92
U.S. ref. 2s cpn.101 NO. Pac 8s ... 74
U.S. 8s reg 101 No. Pac. 4s 103
U.S. 3s cpn' 101Jumon Pac. 4s ..104
U.S. new 4s reg.. 119, Wis. Cent. 4s .. 95
U.S. new 4s cpn..l 19 Japanese 4s .... 67
D. ft R. G. 4S-. 07!
Ptocks at London.
LONDON. July 20. Consols for money,
84; consols for account 84.
Amal. Copper... 84iM., K. ft T 43
Anaconda 84iN. Y. Central ..136
Atchison ...... .120 Norfolk ft West. 96
Do pfd 107 Do pref 90
Bait, ft Ohio ..123 Ont. ft wast. 55
Can. Pac 111 (a Pennsylvania ... u
Chea. ft Ohio .. 81 Hand Mines 10
Chi. Gt. West... 1
C. M. ft St.P...160
De Beers ..... 14
D. ft R- Q-. . .49
Do pref. 87
Brie 87
Do 1st pref. ..64
Do 2d Dref. . 44
Reading 80
Southern Ry. ... 32
Do pref 72
South. Pae. ....137
Union Pan. 203
Do pref ......109
U. a Steel .... 73
Do pref. .....130
Wabash 21
Grand Trunk ... 23
Illinois Cent 159
Do prer. AS
L. ft N.
14S!?panlsh 4s .
.. 97
Money, Exchange. Kto.
NEW YORK. July 20. Prime mercantile
paper, 8(j-4 per cent. Sterling exchange,
firm, with actual business in bankers' bills at
84.86S4.8610 for 60-day bills and at 84.8745
for demand.
Commercial bills. f4.8594.SS.
Bar silver, 61c
Mexican dollars. 44c.
Government bonds, easy; railroad bonds,
firm.
Money on call easy at 16"2 per cent; ruling
(CM. 1S2 per cent; closing bid, 1 per cent;
offered at 1 per cent. Time loans, rather
dull and firmer: 60 days. 162 per cent; 90
days 2 62(4 per cent; six months, 3 per
cent.
LONDON. July, 20. Bar silver, steady at
28 Hd per ounce. r
Money, feJ per cent. "The rate of dis
count tn the open market for short bills is Vi
per cent; for three months' bills, 1 6-16l
per c.nt.
F -N' FRANCISCO. July 20. Sterling on
London, 80 days. 84.86; sight, 14.87.
Silver bars, 51c.
Mexican dollars, 45a
Drafts Sight, 2c: telegraph. 60.
Dally Treasury Statement.
WASHINGTON. July 10. The condition
of the Treasury at the beginning of business
today was as follows:
Trust funds Gold coin, IS50.555.869; sil
ver dollars. 488,144.0O0 ; silver dollars of
1830, J4.1S9.000; silver certificates outstand
ing. '4S8,144.000.
General fund Standard silver dollars In
general fund, $3,957,363; current liabilities.
$93,749,311; working balance In Treasury of
fice, $3J,763,349; in banks to credit of Treas
urer of the United States. $45,699,711: sub
sidiary sliver coin, $28.529.711 : minor coins,
$2,417,401.
Total balance In general fund, $111,673,
795. spodsIelmattle
MARKET BADLY OVERSTOCKED
AND PRICES DROP.
Dairy Produce Holds Firm, With
Probable Advance Set for Sat
urday Eggs Scarce.
SEATTLE, Wasn., July 20. (Special.)
The heaviest shipment of produce that ever
reached Seattle In one day arrived today on
.. k,.i. from California. The principal
receipts were potatoes. 20.000" sacks having
, jt . . - TnirtriiA nf last week. The
potato market is badly overstocked, and
prices Uv dropped to as low as one cent a
mnnfi stock. ariB. few going above
1 cents. Western avenue has had mors
trouble wtth potatoes than any ra""
this year. No sooner was the old supply
cleaned up than new commenced to arrive
Jnexce,lve quantities
.Hemes wwo tu - .
cheaper at 81.23 for raspberries. Cherries
are Very scarce anu tu . " ,
All dairy produce la firm. The butter
market will probably be advanced Satur
day. Eggs are not arriving very freely.
Portland helped out some today by contrib
uting several large shipments of poultry.
Veal Is almost Impossible to obtain. Sales
were made at as high as 12 cents today.
QT.-OTATTOX9 AT SAN FRANCISCO.
Price Paid for Produce In n B C1
Markets.
SAN FRANCISCO, July 29. The follow
ing prices were quoted In the produce mar-
kIstufis i Bran, 821603180; middlings,
$36.50S7.50. - .,..
Vegetables Hothouse cucumbers, 26 5 00 .
garlic. 85c: green peas. $11.60; string
beans. J6c; tomatoes. 4065c; eggplant,
11.2601.60; asparagus. 60cl.
Butter Fancy creamery. 27 c; creamery,
seconds. 27o: fancy dairy, 25 c.
Poultry Roosters, old. $4.606: young. 87
8: broilers, small. $2.60S: broilers, large.
$S5034; fryers. $56; hens, $4.60S; ducks,
old. $5; young. $68.
Eggs Store, 29o; fancy ranch, Slo.
Cheese New. 13 14c; young America,
1415tto. '
Wool sooth Plains and San Joaauln. B5
ITc: Nevada. lS20c: Mountain, 6912c
Hay Wheat, $12if 18; wheat and oats. 812
17: alfalfa. $1014; stock. 8701O; bar
ley. 1014: straw, per bale. 6076o.
Fruits Apples, choice. $1.2501.60; com
mon. 0c; bananas, 76c$ 26; llrews, $3.50
6; lemons, choice. $46; commons, $l.o0
J; pineapples, $1.60 2.60.
Hops Contracts, 190 8. I60.
Receipts Flour. 2834 quarter sacks:
wheat. 98 centals; barley, 8130 .centals;
beans, 410 sacks; potatoes, 6308 sacks; hay.
60S tons; middlings. $24 sacks; wool. 3 bales:
hides, 849; oats, 2645 centals; corn, 43 cen
tals; bran, 213 sacks,
WOOI. MARKET 19 QUIET.
Lull Follows not Weather, and Prices Are
Finn, But Hot High.
BOSTON. July 20. The quiet usually re
sulting from the hot weather was notlceab,a
In most quarters of the wool market- Prices
were firm, but no higher than a week ago.
Domestic quotations follow:
Scoured values: Texas fine, II months,
7273c: fine, six to eight months, 6568c;
One, Fall, 68 0(00.
California, Northern, 6567c; middle coun
ty. 636c; Fall. free. 606c
Oregon. Eastern, No. 1 staple, 7t 73o;
Eastern, dotting. 768o; Valley, No. 1.
67 3 58c.
Territory, fine staple, 76 78c; fine me
dium staple. 6973o; fine clothing, 68 70c;
fine medium. 6466e; half blood, 67069c;
three-eighths blood. 66 67c; quarter blood,
$6 68c.
Extra pulled, 7074c; fine A, 66o; A
supers, C6&620. '
London Wool Auctions.
LONDON, July 20. The fourth series of
wool auction sales closed today, with a small
attendance. The offerings, which numbered
14.676 bales. Included many lots of good
quality, particularly scoured,. The latter
were in active demand at firm prices.
Eastern Livestock Markets.
CHICAGO, July 20. Cattle Receipts esti
mated at 30O0; market weak: beeves, $4.80
16 7.50; Teias steers. $4.506: Western
steers. $4.50(6; stockers and feeders. $3
6.10; cows and heifers, $2.40 620; calves.
$5.50 ft 8.23.
Hogs Receipts estimated at 13.000: mar
ket steadv; Utrht 87.45i 8 .05; mixed, $7.50
8.25; heavy, $7.60C?8.30; rough, 87.60 & 7.75;
good to choice heavy. $7. 75ft 8.30: pigs, $6.70
7.60; bulk of sales. $7,803)8.10.
Sheep Receipts estimated at 16,000; mar
ket, weak; native. 2.765; Western, S3
6 20; yearlings, $4.90a 6; lambs, native, 84.75
8.23; Western. $4.75S.35.
KANSAS CITY. July 20. Cattle Receipts
10.000: market steady: native steers. $4.7o
7.60; native cows and heifers, $2.40& 7.25;
stockers and feeders. $3.25a 4.55; bulls. $2.90
4S0; calves. $47.50: Western steers, 84.50
6.50; Western cows, $3ji5.
Hogs Receipts 9000: market steady: bulk
of sales. $7.05g8: heavy. $38.05: packers
and butchers, $7.80jjS; light, $7.607.95;
pigs, 6.5i!S 7.50.
Sheer Receipts 6000; market steady. Mut
tons. $4.2515.50; lambs, $6.50S?7.80; range
wethers, 4u5 75; range ewes. $34.75.
SOUTH OMAHA. July 20. Cattle Re
ceipts 8700; market steady to 10c lower;
Western steers, $3.506ri.50: Texas steers,
$36 6; range cows and heifers, $2.755; can
ners, $2 3.25; stockers and feeders, $3
6.25: calves, $3.5O6.50; bulls and stags,
83 5.
Hogs Receipts 600: market steady to 5c
lower; heavy. 87.75S7.90; mixed, $7.70
7 75: light. 87.6047.80: nigs. $67.25; bulk.
87.70 7.S0.
Sheep Receipts 5000: strong: yearlings,
856: wethers. $4.505.25; ewes, $3.75
4.76; lambs. 86.50 8-
Eastern Mining; gtoefca.
BOSTON, July 20. Closing quotations!
Arizona Com. . 40Mohawk 60
Adventure ..... 6 Mont C. ft C 25
Alloues 84Xevada 23
Amalgamated .. S2i01d Dom. ...... 64
Atlantic 8(Osceola 132
Butte Coal. ... 24!Parrott ....... 31
CaL ft Arts. . 103 Qulncy 57
Cal. ft Heela. ..635 Tamarack 66
Centennial 33 Trinity 11
Copper Range . 81 United Copper .. 9
Daly West
U. S. Mining .... 48
Franklin 16
Granby 99
Greene Cananea. 9
V. S. Oil ....... 31
Utah 42
Victoria ........ 4
Isle Rovale 25!Winona
.. 5
Mass. Mining... 8 Wolverln
. .147
Michigan
8, Nor. Butte
51
Coffee and Snrsr.
NEW YORK. July 20. Coffee futures closed
barely steady, net unchanged to 15 points
lower. Sales, 18.000 bags. July, 7.06c; Sep
tember. 6.055.75c; December, 6.35Q5.40c;
March. 6.405.45c; May, 6.40'6.6Oc.
Spot, quiet. No. T Rio, 77c; No. 4
Santos, Sc. - Mild, quiet. Cordova, 9
12c
Sugar Raw firm. Fair refining. 8.46c; cen
trifugal. 86 test. 3.85c; molasses sugar, 3.20c
Refmed, steady.
BEARS HIT WHEAT
July Option Forced Down to
$1,163-4 During Day.
LONGS START IN SELLING
Future Deliveries Remain Firm,
and Show Slight Gain Corn
- Heavily Bought Owing to
Reports of Crop Injury.
CHICAGO, July 20. Wheat for July de
livery was under heavy selling pressure,
almost the entire day, and at the low point,
$1.16, the price was two cents below the
closing figure of the previous session. Other
deliveries, however, were In good deraend
the greater part of the day and at the top
was llHo above yesterday. The feature
of trading In Jury was the heavy sales by
a leading long, which Induced considerable
selling by smaller holders.
The selling was prompted by the con
tinued favorable conditions for harvesting
In the Winter wheat belt and the constant
ly increasing volume of new wheat being
marketed as a result of the dear weather,
present and prospective.
Declines In the price of cash grain here
and In the Southwest also added to the
bearish sentiment In the July option. Re
ports were received from Minneapolis say
ing that the growing crop In South Da
kota and Minnesota was In danger by rust
and hot weather. These advices were chief
ly responsible for the strength of the future
deliveries.
Rumors of injury to the crop by hot
weather In Iowa and Kansas caused heavy
buying of corn, particularly the September
delivery, which resulted In a strong market
all day. The market closed strong, with
prices T4 He higher.
Oats were weak at the start, but later
the market developed considerable strength.
The close was strong, o higher.
Provisions closed 60 lower to 6c higher.
Closing quotatlona were as follows: '
WHEAT.
Open. High. Low. Close.
July............ 118 118 116 117
Sept. .... 110 111 110 lllU
Dec . 107 108 107 108
MajU 110 111 110 110
CORN.
July. 70 71 T0 Tl
Sept... 66 67 65 7
Deo.... ......... 66 66 66 66
May. 56 57 66 67
OATS.
July 46' 46 46 45
Sept 40 41 40' 41
Dec 41 41 40 41
May 43 44 43 44
MESS PORK.
July JO.87 20.87 30.85 ' 20.88
Sept 21.10 21.10 21.06 21.07
LARD.
July 1L70
Sept. 11-72 11.72 11.7 11.71
SHORT RIBS.
July....
Sept...... 11.4214 11.46 11.40 11.46
Cash quotations were as follows:
Flour Firm. ;
Rye No. 2, 3c, ,
Barley Feed or mixing, 6668c; fair to
oholce malting. 68 73c
Flax seed No. 1. Southwestern, $1.40; No.
I, Northwestern, $1.50.
Timothy seed $3.80.
Clover $10.86.
Mess pork Per barrel, $20.82 20.85.
Lard Per 100 pounds, $11.70.
Short ribs Sides (loose), $11.47
II. 67; clear sides (boxed). $11.87 13
Oraln statistics
Total clearance of wheat and flour were
equal to 11.000 bushels. Primary receipts
were 428,000 bushels, compared with 1.072,
000 bushels the corresponding day a year
ago. The world's visible supply as shown
by Bradstreets, 3,838,000 bushels. Estimated
reoelpts tomorrow: Wheat, 84 cars; corn,
173 cars; oats, 49 cars; hogs. 22.000 head.
Daily movement of produce
Articles. ' Receipts. Shipments.
Flour, barrels 21,600 25,800
Wheat, bushels 67,600 27,700
Corn, bushels ..868,800 194.400
Oats, bushels ....230,400 324,500
Rve, bushels 2.000 27,000
Barley, bushels 79,500 22,400
Grain and Produce at New York.
NEW YORK, July 20. FToum-Reeeipts,
20,667 barrels; exports, 637 barreSb. Steady
with a fair demand for new Kansas.
Wheat Receipts 47,800 bushels. Spot, Ir
regular. No. 2 red old. $1.42 nominal lm ele
vator and f. o. b. afloat; No. 2 red new,
$1.22 ; end August f. o. b. afloat; No. 1
Northern Dulirth. $1.44 nominal f. o. b.
afloat; No, S hard Winter, 81.86 nominal f.
o. b. afloat.
The wheat market was decidedly stronger
today, getting excellent support from bulls on
account of aa. improved cash demand, reports
of higher temperatures la the Northwest and
smaller receipts. Final prices showed a
net rise. July closed at $1.81, September at
$1.18. December at 81-16 and May at
$1-18.
Hops Firm. State common to oholce, 1808,
1419c; 190T. nomlnali Paclflo Coast. 1808,
lllfieo; 1907 812o.
Wool Steady.
Petroleum Barely steady.
Grains Show Decrease.
NEW YORK, July 20. Special cable and
telegraphic communications reoelved by
Bradstreets show the following changes In
available supplies as compared with previous
account:
Wheat, United States, east of Rockies, de
creased 1.259.000 bushels; Canada, decreased
779,000 bushels.
Totals, United States and Canada de
creased 2,088.000 bushels.
Afloat for and In Europe, decreased 1,800,
000 bushels. Total American and European
supply decreased 8. 888.000 bushels.
Com, United States and Canada decreased
623,000 bushels.
Grain at Saa Francisco.
SAN FRANCISCO, July 20. Wheat,
steady; barley, easy.
Spot quotations
Wheat Shipping, $2.058.07; millings,
$2.10.
Barley (Feed, $L451.48; brewing,
$1.50.
Oats Red. 11.801.0; white, nominal;
black, nominal.
San Francisco Call Board sales
Wheat December, $1.821.92.
Barlejr May. $1.51; December, $1-45.
Corn Large, yellow, $L801.82.
European When Markets.
LIVERPOOL, July 20. Close: Wheat,
July 9s 6d; September, 8s $d;' Decem
ber, 8s 4 d. Weather, fine.
LONDON, July 20. Cargoes: Walla Wal
la for shipments, quiet, 42s 6d to 42s vd.
English country markets, steady.
French country markets, quiet.
Wheat at Tacoma.
TACOMA. July SO. Wheat, milling, brae
stem, $1.30; club, $1.14.' Export, bluestem,
September delivery, $1.04; club, $li red, 98c
Wheat at Seattle.
SEATTLE, July 20. No milling quota
tions. Export wheat, bluestem. new crop,
$1.04; for Autumn delivery, club, $1; red
Russian. 98c
Car receipts: Corn, Ave cars.
BUTTER SOARING IN PITTSBURG.
Westers. Beef Packers Said to Have Engi
neered Corner In East.
NEW YORK. July 20. A Pittsburg dis
patch to the Press says:
Through a corner In butter manipulated
by the oleomargarine tnanufacturera. other
wise known as the Western beef packers,
the people of Pittsburg face prices ranging
from 30 cents to 38 cents a pound in Au
gust, and from 42 cents to 48 cents during
January, February and March. Pittsburg
Jobbers say the oleomargarine Interests 'have
been buying up the available supply of but
ter during June and July, paying 1 and 2
cents a pound in advance of the open mar
ket price.
It Is estimated by the butter men of
Pittsburg that the Chicago packers have
about 300,000 tubs of pure butter stored In
Chicago, And this Is La bo held either to t
THE UNITED STATES
NATIONAL BANK .
PORTLAND. OREGON
UNITED STATES DEPOSITORY
CAPITAL AND SURPLUS, $1,000,000
OFFICERS
J. 0. AUTS WORTH. President.
R. LEA BARNES,
A. M. WRIGHT, Assistant Cashier.
LETTERS OF CREDiT AND TRAVELERS
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS Drawn ON ALL FOREIGN COUNTRIES
LUMBERMENS
National Bank
CORNER FIFTH AND STARK STREETS
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 cracks, disintegration and costly repairs.
It assures a sanitary and durable street.
It assures conscientious workmanship and best materials.
It assures perfect satisfaction.
BITULITHI0 INSURANCE IS SAFEST AND SUREST.
WARREN CONSTRUCTION COMPANY
317 BECK BUILDING, PORTLAND, OR.
mix with the oleomargarine and to be sold
as pure butter, to force consumers to buy
oleomargarine, or to bring about a repeal
of the tax on oleo. Butter has been exceed
ingly high for several months, but, accord
ing to those In business here, these high
prices will not equal the prices which will
be demanded during the Winter.
Metal Markets.
NEW YORK, July to. The London tin
market was 7s lid lower today, with spot
quoted at 131 Us d and futures at 1133
2s 6d. The local market was quiet, but a
shade lower, with spot quoted at 18.90
39.10c -
Copper was lower In the London market,
with spot quoted at 58 lis 3d and futures
at 59 6s. The local market was steady,
with lake quoted at 18.26lS.S7o; electro
lytic, 12.7513.87iiO; casting, 12,2H
13,760.
Lead was lower, at IU fa ftd In London,
tmt remained at -4.So in the local
market.
Spelter was unchanged at home and
abroad.
The English iron market was a shade
higher, at 48s 4d for Cleveland warrants.
The local market was steady to firm; No.
1 fonndry. Northern, 17.2017.6oi No, 2.
ls.T617o; No. 1. Southern, soft. 10.TE
17.26.
Dairy Produce In the East. ,
CHICAGO, July 20 Butter, steady;
creameries, 22 2o: dairies, 202ttc
Eggs, firm at mark: cases Included. 18 io;
firsts, 20c; prime firsts, 21Mi.
Cheese, strong; Daisies, 16c; Twins, 14e;
young Americas, 1616c; Long Horns, 15
15!4o.
NEW TORE, July 20. Butter, strong; un
changed. Cheese, strong; new stats full cream spe
cials, 14Kei64;C; skims, full to special,
2lHe.
Eggs, firm.
Dried Frosts at New York.
NEW TORK, July 20. Evaporated apples,
quiet. Fancy, 8814o: choice, 88tto
prime, 77o; common to fair, 66o.
Prunes, unsettled. California. 2llJ4e;
Oregon, 69c.
Apricots unchanged. Choice, 1010o; ex
tra cboloe, 1010c; fancy, ll13c.
Peaches, unsettled. Choice, 666o; extra
oholce, e'A6a; fanoy, 78Vio.
Raisins, dulL Loose Muscatel, 34He;
cboloe to fancy seeded, 4o; seedless,
6Hc; Lmtdon layers. 1.151.20.
Cotton at New York.
NEW YORK, Jnty 10. Cotton Spot
closed qutet, 25 points higher. Middling
uplands, 12.65c; do gulf, 12.90c. Sales, none.
Cotton futures closed steady. July, 12.08c;
Bonds
Investments
CALL OR WRITB
T. S. McGRATH
l umber Exchange,
PORTLAND, ' OREGON.
E. W. SCHMEER, Cashier.
Vice-President
W. A. HOLT, Assistant Cashier.
August, 12.08c; September, 12.13c; October,
12.12o; November, 12.10o; December, 12.14c;
January, 12.12o; March, ll.lao; May, 12.17c.
Wool at St. Lords,
ST. LO0IS, July 20. Wool, steady; me
dium grades, combing and' clothing, 22
28c; light fine, 2026Hc; heavy fine, II
lOKc; tub washed, 2H 3c
Flax at Mlnneanolls.
MINNEAPOLIS, July 20. Flax, ILK.
Additional Delegates Named.
SALEM, Or., July 20. (Special.) Gov
ernor Benson today appointed throe ad
ditional delegates to the Prison Reform
Association at Seattle, August 14 to 19,
as follows: Dr. J. N. Smith and Rev.
W. H. Selleck, Salem; W. T. Gordon,
Portland.
TRAVELERS GCIDJ6.
CLARK'S CRUISES
OF THE "CLEVELAND"
(Hamburg--American Line)
R
18,000 tens, brand new.
superbly fitted.
D
OUNDtheWORL
From New York October 1, 109; from
San Francisco, Feb. 5, 1010, nearly four
months, costing only $650 AND UP, Includ
ing all expenses afloat and ashore.
SPECIAL .FEATURES Msderia, Egypt,
India, Ceylon, Burma, Java, Borneo, Philip
pines, Japan. An unusual chance to visit
unusually attractive places.
12th Annual Orient Cruise, Feb. 8, '10) by
North German Lloyd 8. S. "Grosser Kur
fuerst." 73 days Including 4 days Egypt and
Palestine. 400 up.
FRANK C. CLARK. TIMES BLDO.. If. Y.
C. E. Stinger, 254 Washington St., Pert land.
CANADIAN PACIFIC
Less Than Four Days at Sea
WEEKLY SAILING BETWEEN MONTREAL
QUEBEC AND LIVERPOOL
Two days on the beautiful fit. Lawrence
River and the shortest ocean ronte to JBu-
rope.
Nothing better en the Atlarrtlo than out
Elmpressea Wireless on all ateamera,
Flrst-oUM S90; eeoond $0. on cine
cabin S45.
Ask any ticket agent, or write for alUaa.
rates and booklet.
F. B. Johnson. P. A.. 149 8d at., Portland. Off
SAILING JANUAKl tw.itfiw
toMaJeirajJpain,Mediterrancan, Orient)
Costing on!y400and 'upfor73days.
Cruise foot. White 5tarLmg,N.T..oragertT;j
NORTH PACIFIC S. S. CO.
For Eureka, San Francisco and Los
Angeles direct. The steamships Roa
noke and Elder sail every Tuesday at
5 P. M. Ticket office 132 Third, near
Aider. Phones M. 1314 and A 1314."
IL YOUNG, Agent.
SAN FRANCISCO PORTLAND 8. 8. CO.
Only direct steamer and daylight sailing.
From Alnsworth Dock. Portland. 9 A- M.
8.S. Suite of California. July 24.
8.8. Rose City. July 81, August 14, eto.
From Lombard St.. San Francisco, 11 a. a.
8.8. Rose City. July M, Aug. 7.
8.8. State of California, July 81.
J W. Bauiom, Ijoek Agent.
Main 368 Alnsworth Dock.
U. J. ROCHE, City Ticket Agent. 142 3d St.
Phone Main 401 A 140.
COOS BAY LINE
The steamer BR.KAJCWATER leares Port
land avery Wedaeed,. V. from Alas
VTorth dock, for Sorts, Has. Marshflold mm
Coos Bay points. Frslght received till 4 P.
U on day of sailing. Passenger 1 are, arst
class lu; second-cTass. $7, Including bjrtj
and mlmll Inoulr. elty ticket oBice. Third
and Washington stIM AiaAWorU ,
rasas Mats XV