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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 24, 1909)
THE MORNING OREGOXIAN. SATURDAY, JULY 34, 1909 4 HOT KEEN TO BUY Easier Tone in the Local Wheat Market. BECAUSE OF SLUMP EAST Lrst Than Two Hundred Thousand BuheU of the New Crop Have Been Taken to Date For eign Hop Reports. With th TMrrn and foreign wheat market .nmp'jig. the tone of the local market ye tertiay tu rather weak. A little bustns waa reported la club wheat at M centa and In bTueetem at 91.03. Neither boy era nor aellera showed much keennees to operate. Moat of the dealer regard preaent price aa too hiah and declare their belief that values will e4Rk to a lower level. The farmer, on the other hand, are In an Independent posi tion, for the mont part, ar.d not Inclined to man Into the market. Whether or not there will be a free selling movement when harvest la over remains to be seen. It le believed that up to the preaent time iM than 2n0.vn buah e! of the new crop have changed owners. Quiet conditional also prevail In the barter and oata marketa and there Is some tendency toward weakneM In prices. The Merchant Exchange reports foreign wheat shipments frc the week a? follow: Argentine shipments, 2.oM.X0 bushels: last week, 1. 294.000 buehela: lapt year. 1.736.000 bush: Australian shipment, bushele: la At week, 3000 bushels: last year. 34.000 bushels: India shipment. 2.2O8.O0O bushels; lait year. 104.000 bushel. Loral receipts. In cars, were reported by the Merchants Exchange as fellows: Wheat Barley Floor Oats Hay Mrtrdav S Tueeilay 2 Wedne-day Thursday .......... i Friday . 2 La-et week 6 T 3 2 5 5 ft 2 2 2 6 2 4 3 !. 3 4 8 39 10 13 Et'ROFXAN HOP CROP FROSPTCT. Meyer Dtnkel Kstlmatea the Continent mt Half of ISMt Tear. A letter received by Ko!a Nets yesterday fmm Meyer Dtnkel. dted Mannheim. July 7, a!d that the Continent, under the most favor able conditions, would not produce over one r:f of last year's hop crop. Cable received th!s year, from Germany reported condition discouraging. The following plantation report), printed In the Kentlst Observer of July 8. are typical of condition In England: Blddenden CEVeald) The bine grow slowly and look a fair color where regularly waehed. Fresh T.j come daily, and to keep the hop, anything like clean they require washing every week. The weather la all against the crop and favors mould a well as vermin. The crop muat be small about here. Canterbury Hop are getting too much rain and not nearly enough sun. The btne grow, but doe not look very vigorous, and there Is a lot of vermin tn all ground. Some mould, too, la found hre and there. Llttleburne There ts a decided Improvement tn the appearance of the bine since the warmer weather set In. but the growth la backward and the crop must be late. Vermin still very persistent, tn spite of Washing. Paddock Wood (Weald) During the last few days the bine ha made rapid progress, but It rjulre much warmer weather and con tinuous sun. Waehtng haa to be done over and over again In order to keep the vermin from doing mischief. The general outlook 1 far from satisfactory. Ft. Stephen, Canterbury Fresh fly con stantly arrive and vermin 1 difficult to deal with, owing to showery weather. The bine here I very slack and uneven. One has to go back to 1S!M to And a parallel. Hops just paid for growing that year: 1 It too much to h-pe that they will do so thl season? W Ingham The hops have made but little pmgrea this week. Where the bine has been continually washed they have a healthier look about them, but the vermin la most persistent, and there la a continual crop of fresh fly daily. Pome few spots of mou!d to be found. North Hereford We still have a very heavy blight on the bine, and washing Is conetantly being done. The growth Is very slow on account of the low temperature. The crop cannot be an average one tn this district. North lam Wa sh In g 1 still necessary, a there Is plenty of vermin, to kill. The sunless day generally and cold night following are not favorable, although the growth h con siderable. WATEKICLONS ARE MOVING WFIL Bnt m Dowen tin Are Still ea the Local TrvU TV.t.rmon. w.r. tha actlv. f.atnm of th Front atrt tr1. yeetprviy and with th bttr drtnanil. prlc. w.r. T.ry .teady. Thr ar. Milt 10 or 12 car. cn th. track, but they will b. worV.it off. Three ct of cantaloupes a.-rlred and th. mark.t waa a Tittle easier at ICTSfS per crate. California la .ending up a good many ama'l peache. and two car. have already been turned down. Th. bet Crawford, brine 11.10. A car of California Elberta. la roiltnir. Farly Oreaon peache. ar. more plentiful and move at centa. Practically th. entire laipply of Oregon peachea thl. year will come from fdford. Berrle. wen tn fair jupply and mowtly firm. RajpberrT afilpment. ar. iMw!r down and thla week win ... the last of them. Five ear. of areen bananaa and one car of New castle tomatoew were received. The potato market ha been weakened by lanre reeelpta of very poor new potatoes from Kastern Oregon. CAR MM1VE IX CAIJFORNIA. 8rmrrlty .f Refrigerator. Pelay. Khlpmenta of Fruit. A car fanzine In Ca:ifornla Is lnterfertm with th. movement of decMuou. fruits. A circular from the California Fruit Distributors to the trade says: We have been ejrrerlencm a srest deal of trouMe during the raj ten day. to secure refnperator cars In which to ship our fruit. The situation has become acute in the last dy or two and It haa been a question from cay to day whether we would be able to se cure enough equipment to take care of our dally requlrementsL Shipments for the neat f.w days will be uncertain, owing to this fa-t. The car:lne lo making every effort to rush empties here from the East, and cn the suc cess cf their efforts will depend our ability to make shipments In customary volume. Un der thee c'.rciiretancea all orders for future shipment will have to be takeo subject to our ability to secure the cars. m-TTERM AKFRS ARE NOT 'TOGETHER. Tendency Is Ipwsnl. But There Ilus Been ao General Advance. Conditions are somewhat unsettled In the butter market. The tendency Is upward, but there haa been no general advance yet. Moat of the larger creameries ar. quoting 29 centa but some of the others ar. ask ing more. It la likely that by the first of the week, all of them will he together at a higher figure The egg market was about steady. The day's receipts were not heavy and most aales were reported at 2S cents. Poultry waa In fair demand, hena moving f at 15 cent and Spring chicken at HH The dressed meat market wa very strong. Hardly any hogs are coming In now and these offered are moved readily at ll12Vi cents. Fancy veal brings 10 centa Bank Clearing. Clearing of the Northwestern cltte yes terday were aa follow: , CK-wrings. Balances, Portland $ U1.134 79.544 Seattle - 1.M3.972 432.23a Tacoma Slo.iOJ 60.T59 Spokane U.ltiJ 66.619 PORTLAND MARKETS. ;raln. Flour, Feed. Etc. WHEAT Track prices: New crop, blue stem. 11.03; club. 9sc; Russian. 5Vc; al lev. 97c; Turkey red. SI; 40-fold. 11. CCj'.S Whole, per ton; cracked. $38 per r-m FLOt'R Patent. 6.25 per barrel; straights. $5.30; exports. $4.70; Valley. $5 30; graham, $5.0; whole wheat, quar ters. $5.80. BAR LEY Ne w. $29 S 30 ; September. '"OATS Spot, $39; September, $29 $29-50. MILLSTUFFS Bran. W Jr ion; dlinns. $.V.; shorts. $29332; chop. $24930. rolled barley, 334 36. , HAT New crop: Timothy, Illamette Valley $13 -SI p-?r ton; Eastern Orgon. $17 1$; mixed. 11617.60; alfalfa. $13 414. GRAIN BAGS 5c each. Vegetable and Fruit. FRESH FRUITS Apples, new California. $1.75 t -'.ZZ per box; iars. $2 per pox. cherries. 6 a 11c per pound : peaches. ec & 1.10 per box; apricots. 11.25 1.50 per box; cantaloupes. ll.Tajil per crate; currants. W per box; plums. 91.25 ? 1.A0 per box ; nec tarines. $l.60r loganberries. $1.2591-60 Pr crai; raspberries. $1,20 4 1.40 per crate; blackcaps. tZ.2S crate; watermelons. lllC jwr pound; grapes, life 1.60; blackberries. $j; wild blackberries, StflOc per pound; rrapes. $1.75 $2.26 per box. POTATOES New. $1.23 150 per hun- dr8ACK VEGETABLES Turnip. $191-25 per sack; carrots. l.o0 1. 76. TROPICAL FRUITS Oranges. nave's. $1.70.3 1.73; Valencia. $:.fi3.iU. lemons, fancy. $6.50 -g-7; choice. $56; grape frulr, $3 per box: bananas, 5 6 e per lb.; pineapples. $24 per doxen. ONIONS New. $1.20 i o0 per sack. VEGETABLES Beans, 6c: cabbage, 19 lHc rer pound; celery. $1.25 per doy.cn; cucumbers. $1 per dozen; egg-plant, 12ft 15c per pound; lettuce. hot rouse 73c $1.0O per box; lettuce, head. 2.V per dien; onions. lSlSc per dozen; parsley, 2&c per dozen; peas, 78c per pound ; peppers. 8 (of 10c per pound ; rad ishes. 13c per dozen; spinach, 5c per pound; squash, 5c; tomatoes, 75 90c Dairy and Country produce. BUTTER City creamery. extras, 29c; fancv outside creamery. 270 28c per pound; store. 20c (Butter fat price average lfcc per pound under regular ouiier prices. EGGS Oregon ranch, candled, 2 7 9 2 So per dozen. POl'LTRT Hens. 16c; Springs. HO 17c; rooster. 9 10c; ducks, young. 13 14c; geese, young, 11c; turkey. l8o; squabs, $2.5 per dozen. CHEESE Full cream twins. 169170 per pound; young Americas, 17 4 918c. PORK. Fancy, 11 11 He per pound. VEAL Extra. 10c per pound; ordinary, 7Sc; heavy, 7c. Groeerie. Dried Fruit. Etc DRIED FRUIT Apples. c per lb.; peaches, 7 V sc; prunes, Itallaus, 5 if :; prunes, French. 4 1tfttc; currants, unwashed, case. 9 Vjc; currants, washed, cases, 10c; (iS. white fancy, 30-lb. boxes, 6c; dates. 7!-tr7 H-c- SALMON Columbia River. 1-lb., tails, $2 per dozen; 2-lb. tails. $2.05; 1-pound flats, $2 10 4; Alaska pink. 1-pound tails, 90c; red 1 -pound tails, $ 1.45 ; sock eye. 1 pound ta'la, $2. COFFEE Mocha. 24 928c; Java. ordl narv. 17 20c; Costa Rica, fancy, r$920c; good. IOISc; ordinary. 12 918c per lb. NUTS Walnuts. 12913c per pound by sack; Hrasll nuts. 13? ; filberts. 15c; pea nuts. Tc; almond, 13914c; chestnut. Ital ian, lie; peanuts, raw, bc: nlnenuts, 109 12c; Mcaory nut, luc; cocoanuts, 90c per aozea. SUGAR Granulated. $5.T5; extra C, $5.85; golden C. $5.i'o; fruit and berry sugar, $5.85; Honolulu plantation, fine grain, $6.25; cubes, (barrel. $6.40; powdered barrel), $6.10; Terras, on remittance within 16 days, de duct ls per pound; if later than 16 day and within 30 days, deduct Ho Pr pound. Maple sugar. 15 18c per pound. SALT Granulated, $13 per ton. $2.90 per bale; half ground. 100a, $7-50 per ton; 50, $8 per ton. BEANS Small white. 7Hc; large white, 6fc; Lime, 3c; bayou, 6Vc; red kidney, 4 He; pink. 4Wc . Ups Wool. Hides. Etc HOPS HH9 contracts, 17318c per pound; los crop. llei:ic;. 1007 crop. 7c: 1000 crop. Gc WOOL Eastern Oregon. 16923c per pound; Valley. 23 3 2Jc. MOHAIR Choice. 24325c per pound. HIDES Dry hides, 1801. c pound; dry kip, IStfltlc pound; dry calfskin, 1819e pound; salted hides. DSlUc; salted calf aWin. Ha 15c pound: green, lc leas. Kl"Ri No. 1 skins: Angora goat, tl to II "5- badger, 23Jc; bear. $0320; beaver, I.j0 4i S 30: cat. wild. 75C01.3O: cougar, oe'fect head and claws, $3 310; Usher, dark. $7 403 11: pale. $4.03": fox. cross. $3 to $3- fox. gray. 60 u Sue; fox. red. $3 35; fox. liver. $15 to 1)0; lynx. $8 8 15; marten, dark $S312; mink. $3 50 f 5.30: muskrtt, 15 3 23c: otter. $2 303 4; raccoon, 60 375c; sea otter. $100 3 230. aa to alze and color; skunks. 55680c; civet, cat, 10315c; wolf. $23 3; coyote, 75c9tl.; wolverine, dark. $34 5: wolverine, pale, $232.50. Provlalone. BACON Fancy. 25c per pound; atandard. 51c- choice. 20c; English. 18lc DRY SALT CURED Regular short clears, do- salt. 14c; smoked. ic: short clear blacks, heavy dry salted. 13c; short clear backs, heavy dry salted. 14c; smoked, lac; Oregon exports dry salted, lie; smoked. 1HAMS S to 10 lbs.. 17c: 14 to If lbs.. 17c; Is to 10 lbs.. 17c; bams, skinned. 17o; picnics 12c; cottage roll. 13c; bolted hama, U'irmc: boiled picnics. 20c. LARD Kettle rendered. 10s. lHc; Is. l.c- atandard pure: 10s, I5c; bs, 16.c; choice. 10s. 14 He; 5s. 14c Compound, lus. S1c; 5s. !.c. SMOriED BEEF Beef tongues. each. SOc: dried beet sets. 10c: dried beef out sides. 17c; dried beef Insldes. 21c; dried beef knuckles. 20c PICKLED GOODS Barrela.: Pigs' feet. $13 regular tripe. $10: honeycomb tripe. $12; olK- tongues. $19. SO. BARRELED MEATS Mess beef. $1J per barrel: plate. $14 per barrel; family, f 14 per b-irrel. mess pork, $20 per barrel; bris ket $22 per barrel. HOO PRICES AKK STEADILY CLIMBING. Good Stock I. Xow on a Nine-Cent Basis. Other Lines Steady. The feature of th. livestock market la the strength shown In hogs. So acute la the scarcity that prices are hardly a con sideration any longer. Sales at the yards have been made, at J a hundred and one small lot brought $.05. Cattle moved well yesterday at the prices that have ruled this week, and offerings were light. Sheep and Iambi held their own at the former quotations. Receipts for the day were 5 cattle, C01 sheep and lambs and 87 hogs. Local prices quoted yesterday were aa follows: CATTLE Steers, top. $4.50: fair to good. $48 4 23; common. $3.7iS'4; cows, top, $3.50; fair to good. $3 a 3.23; common to medium. $2 5-vii2.75: calves, top. $3'i.V5o; heavy, $3 3 3: bulls and stags. $2.753.25; common, $2'.j 2 .W ViOilS Best. S 76 3: fair to good. $7.7& S.25; stockers. 6ff7; China fata. t.7i ii 7. SHEEP Top wethera. $4; fair to good. $3 5o'ii.l 75" ewes. .c le on all grade: year lings, best. $ 'lr to good. $3.50a3 75; Spring Iambi. $5.254i5.35. Eastern Livestock Markets. v-iNSAS CITT. July 23. Cattle Re. ceipts. 3oo0; market steady. Native steers. $4.50tj1 native cows and heifers. $2.23'g7 7- stockers and feeders. $3.305.25: bulls. $-tj 4 23: calves. Jiloo i a: western steers, $4.236 6 23: Western cows. $2,733 "Jog Receipts. 3000; market. 3c to 10c hleher. Bulk of sales. $T.53 T.S.; oeavy, $73t'T93; packers and butchers. $7,603 ; llgiit. $7.43TSo: pigs. $8.2537 25. Sh.cn Receipts. 1000; market steady. Muttons. $4,251,3 23: lambs. $&.Vej.T3: range wethers. $4 3 3 50; range ewes. $3.23 J3. OMAHA. July 23 Cattle Receipts. rtOO: mork.et steadv. Western steers. g3.5t'S' 5 30; Texas steers. (3S5 10: range cows and heifers. $-75W4.73; canners. $233 25; Blockers and feeders. $35 5.23; calves. $2 30 0 7. bulls and stags. $36 5. Hoes Receipts. 4S1K1; market for best stronger, others lower. He.vVy. $7.453T.80; ive.l 17 50S?7 6O: light. $7.4067 80; plga. j $6 23 11 T. S3: bulk of sales. $T.43ffT.0. fheep Recelpta 15x; market strong. ! Yearlings. $5f6: wethers. $4.25US.23; ewes, i $3.736 4 73: lambs. $73S23. ' Wool at rit. Louis. ST. LOl'IS. July 23. Wool Steady Me dium gradea. combing and'clothlng 22 3 2Sc; light line. ;0(jJiSe: heavy One, 133201.C. USE Business Confidence !s Devel oping Rapidly. NO UNHEALTHY BOOM Big Crops and High Prices Are As sured -Retail and Wholesale Trade of Satisfactory Volume. NEW TORK, July 23. The sluggish state of the stock market was indicative of a waiting mood on the part of the speculators. The event most awaited Is the meeting of the Steel directors Tuesday to declare the quarterly dividend. Speculative, opinion haa about reconciled Itself that no change will be made In tbe dividend rate. United Statea Steel was steady and quiet today. The rise In Amalgamated copper to above 84 caused It to be cited as evidence of what could be done with the price of an industrial security paying per cent and with proepecta. The immediate Influence in the rise of" Amalgamated Copper today was the active market at advancing prices for copper warranta in London. The loss of nearly $8,000,000 by the week's gold exporta to South America prom ises to be sufficient to leave only an Indi cated loss In bank cash of little over a million dollars. The London discount rate hardened again today. Bonds were Irregular. Total sales, par value, $2,958,000. United States 2s and 3s declined 4 per cent on call. . CLOSING STOCK QUOTATIONS. Closing Sales'. Allls Chalmers pf 2')0 Amal Copper 47.400 Am Agricultural... 200 High. Low. Bid. 52i 52 V. 61 84 H 44 H 4m 82 62 74 4' 404 40', 1644 62 V, 83 44 82 62 74 40 3K 1BW 84 461 82 H. 62 3, TH 40 054 16 62 "4 Am Beet Sugar (WIO Am Can pf . 00 Am Car & Foun. 4,5u0 Am Cotton Oil TOO Am Hd IX pf. two Am Ice Securt... 4.4IK) Am Linseed OH.. 299 Am Locomotive. . Am Smelt A Ref. 62 94 Vj 21.100 34 94 4 do preferred . . . Am Sugar Ref... Am Tel & Tel Am Tobacco pf . . A m Wno!n 400 111 1119s 11114 i'.ioo iioij ii64 14014 loo 101 lol loo'4 31k Anaconda Mln Co. S.000 49 1 48T 49 5 AtchUon do nreferred 4.800 11 1164 114 1,1.0 105 104 lOiUj Atl Coast Line ... 1.2O0 133 133 131 V4 12054 Bait & Ohio 8.200 UWik 12014 do preferred ... 10 95 95 30 VO 29 Vi Bethlehem Steel .. 100 30 Brook Rap Tran.. 1.200 78"4 Canadian Pacific. . 400 186V, 185 1S6I4 Central Leather... 8W z do preferred ... 500 106 Central of N J Che Ohio .... 2.S00 78'4 Chicago 4 Alton.. 200 6S Chlca.o Gt West. 1.7O0 1 32 "4 aTs 105 V4 288 78i 68 Vi 105 '7814 68 Vi '4 Chicago & N W.. 300 184 18314 I1. C. M St Paul.. 6,700 156V4 1&5V4 1334. C, C, C 4 St L. Colo Fuel ft Iron.. 1,SM 44 56 8! 4 80 "22'4 '4TV4 "8814 3"4 54 43 K 814 80 "22' '4.714 . 'S74 34 54 43;, Colo ft Southern .. 400 66 81 Vj 801. 139V4 22 190 IT 84 38 34 53 '4 do 1st preferred. I") do 24 preferred. 100 Consolidated Gas Corn Products ... S00 Del ft Hudson D ft R Grande ... 200 do preferred Distillers- -fiecurl.. 1.000 Erie 1.800 do 1st prefererd. 400 do 2d preferred. nit) 43 43 V. General Electric. Ot Northern pf.. 800 16TU 166'4 166V4 S.100 151 ISO Vt 150 Gt Northern Or... 10 75 Illinois Central .. 5"0 155 75 TO 15414 154 14 Interborough Met. 14.2o0 do preferred ... 19.800 Inter Harvester '. Inter Marine pf.. 900 Int Paper 2.600 Int Pump 1O0 Iowa Central .... TOO K C Southern 200 do preferred . . . 200 1514 13 14 4 47 '21 4 16 40 204 45 44 'ii" 16 40 29 45 45 85 21 16 39 29 T2 142 55 71 Louis ft Nashville 700 142 142 Minn ft St L . M. St P ft S S M, 300 144 Missouri Pacific... 1.5O0 73 Mo. Kan ft Texas.. I.O11O 41 ; 143 143 72? 72li 41 114 do 'preferred ... 100 i3 73 73 National Biscuit 105 V.tlonnl T.eAri 86 Mex Nat Rv 1st pf 8O0 54 53 N T Central 1T.600 135 134 53 135 53 93 83 153 SO 138 115 91 46 188 N T. Ont ft West. 8"0 53 52 93 Norfolk ft wee. North American... Northern Pacific... Pacific Mall Pennsylvania People's Gas P. C C ft St L Pressed Steel Car. Pullman Pal Car. 2.1(11 94 200 83 83 152 2,000 153 4.100 137 137 200 115 115 46- 46 Ry Steel Spring. . 100 4 4 46 Reading 46.000 155 154 lM'i Republic Steel ... 3.60O 33 33 33 do preferred ... 2.200 1i Rock Island Co.. 43.400 37 do preferred ... 5.500 75 St L 4 S F 2 pf. 2.SO0 56 St L southwestern 5fO 26 do preferred ... 200 64 RIoM-KherTlelri 108 36 74 64 108 37 75 53 Vj 2fl 64 82 5n..ih.n Pacific .. 15.700 133 132 133 Southern Railway. 2.000 31 31 31 do preferred . . . 1O0 Tenn Copper 1,400 Texas ft Pacific. 3u0 Tol. St L & West. 300 69 3!) 34 5 69 69 37 34 49 69 3S 34 49 69 Vi do preferred ... 69 Union Pacific 4T.100 198 197 198 do preferred l.WO ll'SSi 104 104 TT 9 Tl.ilrv 1.000 83 82 ai TJ S Rubber 38l4 U S Steel 60.400 71 T0 T de nreferred 500 126 126 126 T'tah Copoer 3.5.iO Va-Caro Chemical. 4oO Wabash 100 do preferred ... I.000 Western Md 21.000 Westlnghouee Elec 200 'eern Union 5o Wheel ft L Erie.. 200 Wisconsin Central 51 49 5o 52 21 53 6 84 '5 02 21 65 6 84 T1 6 52 20 55 6 84 55 Total aale. for the day. 454.200 share BONDS. NEW TORK. July 23. Closing quotations: U. S. ref. 2a reg.l00l,N. T. C. G 92 do coupon. ... aouia ..orin jracinu o.. 1 'M. U. S. 3s reg 101 North Pacific 4S.102 do coupon. .. .101 TJ S new 4s reg.117 do coupon. ... 119 D. ft R. G 9T Union Pacific 4a. 104 Wlscon Cent 4o. 95 Japanese 4a 87 Stocks at London. LONDON, July 23. Consols for money, 84 3-16; do for account. 8 3-16. . 1 Cnnur . SKVlMO K ft T 43 Anaconda . Xv l. I. central. . -uv s .119 Norfolk ft West. 96 .10T do pref 91 . .123J,-. Ont A western. 54 Atchison ... do pref Rnit - Ohio Can Pacific 190 IPennsylvanla Ones ft Ohio 80 Rand Mines.. il 10 rhl firt West. . . 8 Reading 79 C. M. ft S. P. De Beers.... D ft R G do pref Erie do 1st pf.. .low . 15 . 49 . T Southern Ry. . . 32 . 71 .130 . 20 .108 . T2 .129 . 81 . 6T . 9T do pref. . South Pacific. Union Pacific, do pref S7 . 35IU. S. Steel .45 1 do pref do 2d pf Grand Trunk... 23Wabash Ill central 158 do pref L ft N 147!Srnish 4s Money 'Exchange, Etc. NEW TORK, July 23. Prime mercantile paper. IH3 4 per cent. Sterling exchange steadv with actual business in bankers' bills at 4.SS 3 4.8610 for 60-day bills and at $4.87403 4. S745 for demand. Commercial bills. I4.85HB4.88- Bar silver 50 c Mexican dollars 44c. Government bonds, weak; railroad bonds. Irregular. Money on call easy. 1S per cent: ruling rate, 1 per cent; cloalng bid, 1 per cent; offered at 2 per cent. Time loans weaker; 0 days. 2 per cent: 90 days. 2 per cent; six months. 1 per cent. SAN FRANCISCO. July 23. Silver bara 60 c. Mexican dollars 46c Drafts Sight, 2c: telegraph. $c Sterling. (0 days. 14.84; sight. $4.(7. LONDON. July 28. Bar silver Steady. 28 d per ounce. Money per cent. The rate of discount In the osen market for short bills Is per cent; three months, 1 7-1S per cent. ' Daily Treasury Statement. WASHINGTON. July S3. The condition IS BASIS of the) Treasury at th. beginning of busi ness today was as follows: Trust funds Gold ooln $849,424,869 Silver dollars 487.790,000 Sliver dollars of 1890 4,185,000 Silver certificates outstanding... 487,790,000 General fund Standard sliver dollars In general fund 4.274.T49 Current liabilities 4.T36,622 Working balanoea at the Treas ury offices 34.193.434 In banks to credit of Treasury.. 44.495.941 Subsidiary coin 24.453.053 Minor coins 5.478.290 Total balanoe in general fund.. 109,866,453 .Eastern Mining; Stocks, BOSTON, July 23. Closing quotations: Adventure .. 6Mohawk 63 Allouea 44 Amalgamated .. 84 Aria Com 42 Atlantic 9 Mont C 4 C 20 Nevada 23 Old Dominion... 50 Osceola 132 Butte Coal 25 Parrot 32 Cal ft Aria 103.IQulncy 89 Cal ft Hecla 630 Shannon 16 Centennial 32'Tamarack 70 Copper Range.. 83'Trlnlty 12 Daly West T U. S. Mining 50 Franklin IT IU. S. Oil 30 Granby 102 lutah 43 Greene Cananea 10 Ivlctoria . 4 Isle Royale 26 IWlnona ... . 5 Mass Mining SWolverlne ......150 Michigan 10 North Butte 51 ILL STREET WAITING STOCK MARKET IS A SLUGGISH ' AFFAIR. No Inclination to Trade, Pending Action on the Steel Trust Dividend. NEW TORK. July 23. R. G. Dun ft Co.'s weekly review of trade tomorrow will say: .With the disturbing tariff question soon to be out of the way and with crops that give promise of aatlsfactory dimensions and an aggregate value of hundreds of millions of dollars In excess of the best previous record, business confidence la developing rapidly, although it is noticeable that en terprise Is not yet outrunning conservatism In buying for the distant future. Tanners are more encouraged over the prospect for free hides in the tariff bill and are more disposed to hold off from buying. Domestic hides, though quiet, are un changed in price and a further advance has been scored in foreign dry hides. Leather is quiet- Prices, however, are strong and de creased receipts offset the diminished de mand. Trade In shoes continued quiet. TRADE IS OF GOOD VOLUME. Firm Price, in All Pig Iron and Copper Markets. NEW YORK. July 23. Bradstraefs to morrow will say: Improvement in the crops, easing In the prices of breadstuffs consequent thereon, or because of a larger wheat crop movement, a good distribution at retail under the stimulus of clearance sales 4 and a slight enlargement of Fall trade with Jobbers and wholesalers, are the leading feature! this week. All pig Iron markets report firm prices, but business shows no especial activity ex cept in the East. Copper la firm, largely on operations In London. Business failures in the United States for the week ending July 22. were 239 against 206 last week. 263 in the like week of 1908, 155 In 190T, 171 in 1906 and 19T in 1903. Wheat. Including flour, exports of the United States and Canada for the week end ing July 22. aggregate 933,358 bushels, against 1.468.108 last week, and 2.529.923 this week last year. For the three weeks ending July 22, exporta are S.814.079 bush els against 6.793,886 In the corresponding period last year. corn exporta for the week were 32,092 bushels against 100.113 last week and 73 890 in 1908. For the three weeks ending July 22, corn exports are 179,673 bushels against 391.695 last year. Bank Clearings. - NEW TORK. July 23, Bradstreefs bank clearings report for the week ending July 2 shows an aggregate of 13.017,608,000 aa against $3,002,438,000 last week and $2,649, 169,000 In the corresponding week last year. The following la a list of the cities: New York Chicago Boston Philadelphia St. Louis Pittsburg Kansas City San Francisco ...... Baltimore Cincinnati Minneapolis New Orleans Cleveland Detroit Omaha Louisville Milwaukee Fort Worth Los Angeles St. Paul Seattle Denver Buffalo Indianapolis Spokane, Wash, .... Providence Portland, Or. Richmond Albany Washington, D. C. .. St. Joseph Salt Lake City Columbua Memphis Atlanta Tacoma Oakland. Cal SacranMnto Helena Houston Galveston Duluth ,880.508,000 18. 1170,831,000 20.8 155,728.000 8.6 128,760,000 13.5 64,844.000 17.5 48.659.000 23.6 41.527.000 20.6 37,292.000 14.2 28,009.000 8.0 27.791,000 9.0 16,238,000 1. 15,993,000 28.7 18,758.000 31.0 14,707.000 18.1 13.302.000 31.8 11,288,000 2.9 11,492,000 29.1 5.266.000 29.0 12.359.000 28.0 9.077,000 8.8 12.090.000 47.5 8. 680.000 6.2 8.414.000 9.9 8,345.000 7.3 6.868.000 17.7 7.473.000 20.0 6,687,000 30.2 7,107,000 20.3 6.106.000 13.9 6.836.000 30.3 6.039.000 16. 7.446.000 5.8 6.449,000 7.6 4. 097.000 27.0 6.984.000 98.4 5.316,000 29.4 1.851,000 32.4 1,068,000 25.6 905.000 3.4 32.992.000 31.8 8.671,000 52.0 2,875.000 .... Decrease. Metal Markets. NEW YORK. July 23. The English tin market waa higher today, spot closing at 133 6s and futures at 134 12s 6d. Lo cally tin was firm and higher 29.37 29.62 c. Capper had a sharp advance in th. Lon don market, spot being quoted at 59 17s 6d, and futures at 60 12a 6d. The local market was firm, lake 13.87 13.60o; electrolytic, 13.00 13.83 c; casting, 12. $7 613.000. Lead was a shade) higher at (12 lis 3d In London but remained steady at 4.80 4.85c locally. Spelter waa steady at 21s 17s 6d in Lon don and at 6.355.40o In the local market. Th. English Iron market was higher at 49a 10 d tor Cleveland warrants. Locally th. market was firm; No. 1 foundry North era, $17.201T.46; No. X, $16.75017.; No. 1 Southern and No. 1 Southern soft. $1C.76& 17.26. Dried Fruit a Mew York. NEW YORK. July 23. Evaporated apples steady; fancy. 89c; choice, Sfi'SViC; prime. 7g?Tc; common to fair, 56c. Prunes, unsettled; California, 26llc; Oregon, 6 9c Apricots, unchanged; choice, 1010c; extra choice, 1010c; extra choice, 10 10c; fancy. ll13c - Peaches, dull; choice, 6 V. 6c; extra choice. 666c; fancy, 78c. Raisins, dull; loose Muscatels, 34c; choice to fancy seeded. 46c; seedless, 35c; London layers, $1.15 1.20. Coffee and Sugar. NEW YORK. July 23. Coffee futures closed steady, net unchanged to 15 points higher. Sales, 24.230 bags, Including July at T.03T.10c; September. 5.T05.75c; De cember, 5.300340c; March, 5.35 85.45c; May. 5.50c. Spot, quiet; No. 7 Rio, 7c; No. 4 Santos. 9c. Mild, quiet; Cordova, 9 12 c "sugar Raw, firm: fair refining, 3.43 3.4Sc; centrifugal. 96 test, 3.953.9Sc: mo lasses sugar. 3.1763.20c. Refined, steady; crushed, 5.65c; powdered, 4.95c; granulated. 4.85c New York Cotton Market. NEW YORK. July 23. Cotton Spot closed quiet. 15 points higher. Middling up. lands. 12.35c; do gulf. 12:60c Sales, 1821 ac't'ton futures closed steady; July, ll.BTc; August 11.93c; September. 11.89c; October and November, 11.93c; December. 11.96-; January, 11.93c; March. 11.94c; May. 11.95c. Hop. at London. LIVERPOOL. July 23. Hops In London, Pacific Coast, steady: 28s J3. Flaxseed at Minneapolis. MINNEAPOLIS, July 2J. Flax, $1.53. RUSH OFNE WWHEAT Cereal Being Marketed in Large Quantities. PRICES ARE VERY WEAK Sharp Declines In All Options in the Chicago Pit Foreign News Is Bearish Coarse Grains Are Steady. CHICAGO. July 23. Pronounced weaknesa was manifested In the wheat pit nearly all day. The bearish influences were too over powering for the bulls to attempt to con quer and the supporting of the market was left almost entirely to tbose who had sold "short" the previous seasons. The first real rush of new wheat to market Is now on In earnest and the prospects are for a heavy movement for some time. Foreign news was bearish. July sold between $1.11 and l-1'. while September ranged between $1.06 and $1.08. Final quotations on July were $1.11 and on September at $1.07. Reports of damage to the new crop by hot weather In Oklahoma and Kansas had a strengthening effect on the com market. Sentiment was bullish all day. Prices at one time were about 1 cent above the low point of the session, but with the exception of the July delivery, all the gain was not re tained. The market closed strong. c to c abov yesterday. Oats held UP remarkably well considering the extremely favorable reporta which came In regarding the new crop. The market closed steady, with prices a shade higher to c lower. Provisions were rather heavy all day and closed unchanged to 10c lower. The leading futures ranged as follows: WHEAT. Open. High. Low. .Close. July $1.12 $1.13 $111 Sept...... 1.08 1.08 1.06 1.07 Dec 1 06 1.06 106 1.05 CORN. .Tlv 71 .72 .71' .T2 Sept tw Dec 66 .57 May 67 .68 .67 .56 .57 .67 :67 OATS. July 45 .46 .45 .45 Sept 40 .40 .40 .40 Dec 40 .41 .40 .40 MESS PORK. July. Sept. 20.85 21.05 31.05 21.05 21.05 LARD. 11.22 l'i.76 11.75 11.72 11.73 SHORT RIBS. July. Sept. July 11.40 Sept". '.'.".'.". 1L40 11 42 11.35 11.35 Cash quotationa were as follows: Flour Steady. ... Barley Feed or mixing, 65667c; fair to choice malting, 873c Flax seed No. 1 Southwestern. $1-36; No. 1 Morthwestern, $1.47. Timothy seed $3.80. Clover 810.85. Pork Mess, per barret $20.82 20.85. Lard Per 100 pounds, $11.82. Short ribs Sides (loose), $lL4011.60f S,des Short, clear (boxed). $11.87 12. Grain statistics: Total clearances of wheat and flour were equal to 50,000 bushels. Exporta for trva week, as shown by Bradstreefs, were equal to 93,000 bushels. Primary receipts were 963, 300 bushels, compared with 1. 094,000 bushels the corresponding day a year ago. Esti mated receipts for tomorrow: Wheat. 334 cars; corn, 240 cars; oats, 64 cars; hogs, 9000 bead. Receipts. Shipments. Flour, barrels 17,500 37,200 Wheat, bushels 284.400 26,500 Corn, bushels 252,500 196,800 Oats, bushels 127,000 . 187,000 Rye. bushel. z.ooo 2, Barley, bushels 30,000 14,500 Grain and Produce at New York. NEW YORK. July 23. Flour Receipts, 8800 barrels; exports, 10,100 barrels. -Market quiet with prices barely steady. Wheat Receipts. 28,800 bushels. No. 2 red sold $1.40; new, $1.30 in elevator; No. 2 red. new. $1.18 f. o. b. afloat: No. 1 Northern Duluth, $1.38 f. o. b. afloat; No. 2 hard Winter, $1.34 nominal f. o. b. afloat. A violent break occurred In wheat today, fol lowing heavy receipts, lower cables, bearish crop news and stop-loss selling. Prices dropped c and closed weak at c loss on July, c to c net decline on later months. July closed $1.29: September, $1.14; De cember, $1.12; May, $1.13. Hops, wool and petroleum Steady. Hides Firm. Bogota. 2122c; Central America, 22 c Grain at San Francisco. FRANCISCO, July 23. Wheat SAX Steady. Barley Steady. Spot quotationa Wheat Shipping, $2.0S2.07; milling. $2.10. Barley Feed, $1.4591.47 brewing:. $1.50. Oats Red, 1.861.95; white, nominal; black, nominal. Call board sale. Wheat No trading-. Barley May, $1.49 asked; December, $1.43. Corn Large yellow, $1.$01.82. European Grain Markets. LONDON. July 2S Wheat cargoes easier; buyers reserved. Walla Walla, on passage, nominal; for shipment. 42s 3d. LIVERPOOL, July 23. Wheat July, 9s fd: September. 8s 6d; December. 8s 3d Weather. cloudy Wheat at Tacoma. TACOMA, Wash., July 23 Wheat Mill ing: bluestem. nominal; old crop, $1.30; club, $1 14; export, bluostem, new crop, $1.05; club. $1; red. 98 Wheat at Seattle, SEATTLE, Wash.. July 23. No milling quotations; export wheat .bluestem, $1.04; club. $1; red. 98c. Receipts Oats, 3 cars. WINTER APPLES SHORT LIGHT CROP REPORTED FROM EASTERN' WASHINGTON. Seattle Dealers Drawing Egga Out of Cold Storage Cheese Market Is Weaker. SEATTLE, Wash., July 23. (Special.) Seattle apple dealers, from reports they have received from Eastern Washington, believe that the crop in this state will be fully 25 per cent short this season, with the shortage falling almost entirely on the Winter varieties of apples. Fall apples, will be as plentiful as usual, according to the growers and dealers. The increased acre age of apples Is not expected to counteract the decreased ylelda. Higher prices are expected to prevail. Peaches are In heavy supply here and quoted as low as usually quoted at this time of the year. The trade, however. Is withholding purchases, evidently In antici pation of a lower market, which commis sion men say will not be forthcoming. Watermelons are moving out briskly these tiot days, but prices do not advance above 1 cents. Poultry was scarce today and many or ders are unfilled. Dealers will be unable to handle tomorrow's business. Efforts were made to buy poultry In Oregon, but shippers reply that they can secure better prices at Portland. Seattle dealers are drawing eggs out of local storage at a rapid rate. While 35 cents is the exchange quotation, many sales were made today at 34 cents. The high price, however, is apt to be general next week. Cheese was not as firm today. Dealers and packers are not as eager biddera as they have been. Tillamook was only quoted at 17 cents on tbe exchange today. Butter is THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY CAPITAL AND SURPLUS, $1,000,000 OFFICERS J. C. AINSW0ETH. President R. W. SCHMEER. Cashier. R. LEA BARNES, Vice-President, A. M. WRIGHT. Assistant Cashier. W. A. HOLT, 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. BITULITHIC INSURANCE IS SAFEST AND SUREST. WARREN CONSTRUCTION COMPANY 317 BECK BUILDING, PORTLAND, OR. Arm on local and easy on Eastern, due to heavy receipts of the latter. Veal sold everywhere today at 12 cents and top stock would have sold even higher, had It been available QUOTATIONS AT SAN IHANCISCO. Prices Paid for Produce In the Bay City Markets. SAN FRANCISCO. July 23.-The follow ing prices were quoted In the produce mar- keMmstauffs Bran. $28.50 830; middlings. Vegetable Hothouse cucumbers, 25 50c. garlic. 35c; gren peas, 75c $1-5. string beans, l3c; tomatoes, la 30c, nanarasruS. 7oC1.0V. I Butter Fancy creamery, 27; creamery seconds. 27c; fancy dairy, 25 c; oairy sec- ""poultryRoosters. old, $4.5n5; young, $7 ffilO; broilers, small. $2.503.5O: broilers, large, $3.5004: fryers. $S10; hens, $4,509 10: ducks, old, $5; young. &S. Eggs Store. 29c; fancy ranch. 31c ChJeseX-ew, 1415c; young America, 14lSel old. 14 c Wool South Plains and San Joaquin. 9 0 17c: Nevada, 1820c: Mountain. 612c. Hay Wheat, $12HS; wheat and oats, $12, 17; alfalfa, $1012.50; stock. $7 10; bar ley. $1014; straw, per bale. 07oO. Fruits Apples, choice. $101.30; com mon. 30S5c; bananas. 75c6$2.2J; limes, $3 5096; lemons, choice. $4fS; commons. S1.50S3; pineapples, $1.502.25. Hops Contracts, 1908, 18c. Receipts Flour, 2323 sacks: wheat, 1.B4 centals; barley. 77,285 centals; oats. 2588 centals: beans, 480 sacks: corn, 14 centals, potatoes, 4115 sacks; bran. 57 sacks; mid dlings. 61 sacks: hay, 630 tons; wool, 12 balea; hides, 538. Old Hops Bring Higher Prices. HARRISBURG. Or., July 23. (Special. ) J. H. Cartwrlght and Barney May closed a deal yesterday with Hart & Wood, of Port land, for the sale of 209 bales of 1007 hops at 7 cents and 127 bales of 1906 at 4 cents. This is the record price so far this season for hops of either of these years. Cascara Peeling on the 8atop. MONTESANO, Wash., July 23. (Special.) The woods along the Satsop River are now filled with people gathering cascara bark. This bark is very plentiful In this part of ChehaJis County. - Mr. Wright, who has quite extensive holdings along the Satsop. has sold the stumpage on 200 acres to peelers. Kelso Would Improve Exhibit. KELSO, Wash., July 2S- (Special.) Citizens of Kelso, at the meeting of the Commercial Club last night declared their intention to have the Cowlitz County ex hibit at the fair at Seattle improved. R. W. Smits was appointed a committee to Bonds Investments CALL OR WRITE T. S. McGRATH l umber Exchange, PORTLAND, OREGON. meet with one member from each of the other towns, Castle Rock, Kalama and Woodland, and go before the County Commissioners with a petition for an ap propriation to be given to the various commercial clubs for effecting: these improvements. TEACHERS BADLY WANTED ! Josephine School Districts Compelled to Advertise for - Instructors. C5 RANTS PASS. Or.. July 23. (Spe- ! clal.) There is a shortage in teachers holding first-class certificates in this county who are willing to take hold of the country districts and teach from six to eight months at good wages. Some of the outlying districts are ad vertising for teachers. An advertisement of this character has been run by School District No. 11, at Leland, Or., for some time. This district is . in town and on the railroad. Dairy Produce in the East. CHICAGO. July 23. Butter Steady; creameries. 22(&26c: dairies. 2023c. Eggs Steady; receipts, 11.866: at mark, ircluding cases, 18c; nrsts, 21c: prime firsts, 22c. Cheese Strong; daisies, 15c; twins, 14c; vnung Americas, 1515c; long horns, IS (g 1 r c. TRAVELERS GUIDE. HONOLULU and back $110. First Class Beats Them All for sailing; surf boa ting.surf-board ridina. seabathing. swimming: and aquatic sports; fishing, base bail, tennis, golf, automobiling. Most at tractive spot on entire round the world tour. Five and one-half days from San Francisco by S.S. Alameda (wireless), sailing June 5. 26. July 17th, Aug. 7, etc. BOOK NOW and secure the best berths. Line to Tahiti. New Zealand and Australia S. S. Mariposa sailing July 1. Aug. 6. etc. Tahiti & back $125. Wellington & back $260. O. S. S. Co.. 673 Market St., San Francisco iamburg -Jrmerican. All Modern Safety Devices (Wireless, Etc) London Paris Hamburg. Cleveland(new)July31 PXlncolntnewrAug.lS P. Grant (new) Aug 4;Cincinnatiinew) Aug 21 Kaiserin Aug. TBluecher ....Aug. 25 Pennsylvania Aug." Ui'Amerika Aug. 2s Rttz Carlton a la Carte Restaurant. WT a via Gibraltar. X X . I Naples and Genoa. S. S. HAMBURG, S. S. MOLTKE. Aug. 11. Sept. 30. Sept. 9, Oct. 21. Tourist Dept. tor Trips Everywnern. Hamburg-American Line, 160 Powell St., San Franciaco, and Ixcal Agents. Portland. NORTH PACIFIC S.S.CO. For Eureka, San Francisco and Los Angeles direct. The steamships Roa noke and Elder sail every Tuesday at i P. M. Ticket office 132 Third, near Aider. Phones M. 1314 and A 1314. H. YOUNG, Agent. SAN FRANCISCO PORTLAND 8. 8. CO. Only direct steamer and daylight sailing. From Ainsworth Dock, Portland, 8 A M. S.S. State ol California, July 24. 8.8. Kose City. July 31. August 14, etc. From Lombard St.. San Francisco, HAM. S.S. Kom City. July 24. Aug. 7. S.S. btate of California, July 31. J. W. Ranbom. Dock Agent. Main 2S Ainsworth Dock. U. J. BOCUB, City Ticket Agent, 142 3d SL Phone Main 402. A 1402. COOS BAY LINE The ateamer &KiAJ WATalK leavea port laud every kuuww, K. from Alus worta dock for Nurtn Ifeuid, Mar.uuelu aal Coos Bay points. Freight received tlU 4 P. - - i I I 1 DaaaaADAP f B taa n Tft F class $10; aecond-claas. $7. lnclud.uf bsrta and meals. Inqu-rs city ticket office. Thir4 ana wininci" .- rtrtoa Main 26ft,