THE MORTfl OT?FfinVTAV SiTTrpn Ar t7ttt?tt ta- t mm
WILLTAKE OFF DUTY
Mexico Will Remove Wheat
Tariff February 15.
Back: carrot. $1.55; beets. 1.50; parsnip J.
OXIOXS Oregon. $1.S0 par nek.
FOR A LIMITED PERIOD
Buying in Preparation for Thie
Event Is Under Way in the North
westCoarse Grains Weak. .
Country Produce Higtu
Tli Mexican duly on imported -wheat will
be removed on February 15. according to
advices received by local grain men. It 1
not known for how long wheat can be Im
ported Into that country free, but it Is
probable the period will be 60 to- 90 day.
This practice ol taking off the wheat tariff
In the late Winter months has become com
mon with the Mexican government. That
-country, with its primitive farming methods,
ia incapable of raising enough wheat for its
home requirements, which are increasing
year by year, as the country grows in pop
ulation, particularly the Northern Emotions,
which Americans are developing. "When the
crop yield proves to be less than usual the
situation Is further, aggravated, and In re
sponse to the request of the Mexican, mil
lers, the government for a fixed period ad
mits wheat duty free.
The Mexican government has also un
dertaken the sale of corn at cost to the
poor of that country. Consul L. J. Keena
writes from Chihuahua that in accordance
with the policy of the Mexican Fed-aral and
ttate governments of relieving the suffering
caused by the partial .failure of the corn
rrop of the past year, the State government
of chin uahua has entered the market to
save the poor people from prices which
they could not pay. The Junta Provedora
de fcemlllas d-a Chiluahua reports the re
ceipt of ten carloads of corn, which will be
sold to the poor at cost.
In anticipation of the removal of the
wheat duty, buying for shipment to Mexico
Is Increasing in the Northwest. In addl
1 1on to the bustn-ess done at Vancouver,
"B. C, a few days ago, there were reports
from Seattle yesterday of buying at that
point. The lots taken for this purpose
were email ones, but in the aggregate the
fjuantity was fairly large. The shipments
will go forward next week and will reach
the Mexican ports about the time the duty
Is taken off.
Portland, so far. has not shared in this
business, owing to the lack of a direct
steamer line between this city and Mexico.
The (Sound has such lines and the Xorthern
dealers are, therefore, enabled to make
small h Ipments whenever the opportunity
offers, whereas Portland can only get in
when there is a chance of shipping an en
tire cargo by tramp steamer. In the same
way, by having no direct line to the Philip
pines. Portland loses much business with the
Islands that the Sound ports enjoy. .
The local wheat market altogether was
quiet yestenlay. but did not display the
weakness of other markets. Bluestem, par
ticularly, was held firmly as ths supply on
the O. 71. & IS. has been reduced to small
compass. The coarse grains were inclined
to be weak.
Weekly foreign wheat shipments, as re
ported by the Merchants Exchange, were:
This Wk. Last Wk. Yast Yr.
.Argentina .... "J. HSS. S 2 4.0O0 6 112 00O
Aiiff ralia l.SKU.OuO S.l O.OUO 1.U60.U00
India tU.UOO I Jl'.vOO 8.000
l.ucal receipts. In cars, were reported by
the 'Merchants Exchange, as follows:
Wheat Barley Flour Oats Hay
.Monday 40 1 20 4 "0
Tuesday -Jl - 13 11 Is
Mednesniay ... I'l 7 4 1
Thursday 5 2 11 5 14
J-'i May ti u 3 4
Tear 'ago "J L' . . 14
t-ason to dale. 77J4 1141 1423 1044 1 sj,o
' ar afi. U0ad 134J 71 $j& iai9
YKt.KT.UlIJC M HI'lAS BKINti KKIUCi:i
fr ruit Trade of Fair Proimrt Ions, Considering
the Went her.
The accumulation of green produce on
3ront street in gradually cleaning up, not
withstanding the rather poor demand. The
Jobbers, in order to work off the surplus,
ordered sparingly for this week's delivery,
and aside Irom a few necessary shipments,
little has been received from the South. An
effort will he made to keep down the ar
rivals. to proper proportions as long as the
cold weather lasts. Except for cabbage,
practically all vegetables are firm in price.
Th fruit business is of fair proportions,
considering tho weather. ranges are
paining in favor as the quality improves
and the market is very firm in response to
the advances in California.
;;. S VKRY .X'AKCK ON THE STREET
Hut Demand From Retutler Is Ught and
No Shipping Inquiry.
Stocks of rggs on Front street are lighter
than they have been for several weeks.
Ranch etctfs are coming in very slowly and
nearly all the Eastern eggs have been
worked off. In spite of the bare condi
tion of tho market, however, it is not firm,
as there is but little demand from retailers
and no shipping Inquiry. The retailers are
getting what they want direct from the
country, and prices are still too high to
tempt Northern buyers.
Poultry holds up at the top level, as re
ceipts are meager and not likely to Increase
oun.
The butter market Is firm
price.
the old
Bank Clearing.
Bank clearings for the Northwestern cities
esierdsy were as follows:
Clearings. Balances.
. . .il.31 ;.LL'7 "1185.465
... 1 . ? K . 7 3 2 2S5.550
... 68.96$
... 641, 1 73 o6,0i)0
Portland
Seattle
Taeoma
Spokane .
TO BTLAXD MAR K.ET&.
Grain. Flour. Feed. Etc.
VHKT -Track prices: Hlutem, 1 IT
club. S 1 . tw: red Russian, S. I.04 ; Valley,
Jl.ntl; 40-fold. St. 10. -
KAR1.KY Kee.t and brewing. 2S per ton
FI.OVH Patents. J.13 per barrel;
straight, $."..75; export. $4.."0; Valley, 0;
graham, t 70; whole wheat, quarters. $5 90.
COKN Whole. :."; cracked. 36 per ton.
Ml LlTl'FKS Bran. :!4'(f26 per ton;
middlings, $3-4; shorts, f2d& 2S; rolled bar
ley. U3.
No. 1 white. $31 jer ton.
rLY Track pHces: Timothy: Willam
ette Valley. $ I S i IMt per ton; Eastern Ore
gon. :'lfc2!; alfalfa, I17&18: oiovsr. 16;
grain hay. $16(117.
Vegetable and Fruits.
FRESH FRUITS Apples. II 91 box;
Tears. 1 1.50 per box; Spanish Malaga,
$o.5ti6 per barrel; cranberries, $S(o9 rxsr
barrel.
POTATOES Carload buying prices: Ore
gon, Tory SOc per sack; sweet potatoes, t V ai
2Se per pound.
VEGETABLES Artichokes. $1 01.2$ per
dozen; cabbage, $1.7A$?2 per hundred; cauli
flower. 1.74 per dozen ; celery. 4.00 per
crate; eggplant, ,1.75 : hothouse lertuce
l.2jal.bu box; peas. o lb,; garlio.
lb.; horseradish. SylOc per pound; green
visions. Sic per dozen; pumpkins, H 3 Hc;
radishe. ic per dozen ; sprouts. 7p ic per
lb ; squash. 2c; tomatoes. $4.11 per crate
tropical FRUITS Oranges. V 73
lemons, fancy, Jo. 25 ; choice. $4.50; grape
fruit $3 60$ 4 per box; bananas. 5 ;ff 5 we
I r pound; Japanese oranges' $1.6501.75 Der
bun.l; tangerine.-". $1.75 per box.
SACK. VEiiETABLES Turnips, $1.50 per
Ialry and Country Frodac-a.
BUTTER City creamery extras, 8739c;
fancy outside creamery, S5 37c per lb.;
store. 20fe22ijc. fButter fat prices average
Hc per pound under regular butter yrice.
EGGS Fresh Oregon extras. 32 '4-32 fee
per dozen; Eastern, 17 V. & 22c per dozen.
CHEESE Full cream twins, lSi19o
per pound; young Americans. 19 fe 520c
PORK Fancy, 11c per pound.
POULTRY Hens. 17&l&c; Springs, 170
ISc; ducks, 21 22 He; geese, 121? 14c; tur
feeys, live. 2225c; dressed, 22 30c;
equabs. $3 per dozen.
VEAL- Extras, 1213c per pound.
Groceries, Xrled Fruits. Etc.
DRIED FRUIT Apples, 10c per pound;
peaches. 7c ; prunes, I talians, 4 Qr 5c ;
Drunes, French. 4 oc; currants, 10c; apri
cots, 12c; dates, 7fec per pound; fige. 10O half
pounds. $3.2o per box; 5o six-ounce. $1.75 per
box; 13 12-our.ce. 75c per box.
SALMON Columbia River. 1-pound tails.
12 per dozen; 2-pound talis, $2.95; 1-pound
flats, $2.10 fe ; Alaska pink, 1-pound talis.
l0c; red. 1-pound taUs, $1.45; sockeyes, 1
pound talis. 12
COFFEE Mocha, 24028c; Java, ordinary.
17 20c; Costa Rica, fancy lS20c; goou.
ISS'lSc; ordinary, 123&10c per pound.
NUTS Walnuts, lac per pound; Brazil
nuts, 12 a lac; filberts. 15c; almonds,
Id&lTc; pecans, 15loc, cocoanuts, dOc$l
per dozen.
BEANS Small white, 64c; larg- white.
4 c ; Lima. 6 c; bayou, a c ; pink 4 fee;
rea Mexican. 7c.
SUGAR Dry granulated, fruit and berry,
$6.05; bet. $5.85; extra C, $5.55; golden C.
$5.45; cubes barrel). $U.45; powdered
ibarrel), $6.30. Terms oc remittances
within 15 days, deduct per pound, if
later than 15 days and within 80 days, de
duct He per pound. Maple sugar, 150 ISc
per pound.
SALT Granulated. $14.50 per ton. $1.00 per
bale; half ground, .100s, $10 per ton; 60,
$10.50 per ton.
HONEY Choice, $3.25 0 3.50 per case;
strained, 7c per pound.
REACTION
SETS IN
Stock
Prices Rally When Sell
ing Ceases.
ADVANCE STARTS ABROAD
Provisions.
BACON' Fancy, 27c per pound; standard,
22c; choice. 21c; English. 20&20fee.
DRY SALT CURED Regular short clears,
dry salt, 15fe,c; smoked. lGc; short clear
back, heavy dry salted. 15fec; smoked.
1 hz c ; Oreson exports, dry salted, 16c ;
smoked. 17c. .
HAMS 10 to 13 pounds. 17c; 14 to 16
pounds. 17U.c; 13 to SO pounds, 17 He; hams,
skinned, 13c; picnics. lSc; cottage rolls,
15c; boiled hams, 24. 25c: boiled picnics,
31c
LARD Kettle rendered. 10s. T7Hc; stan
dard pure, 10s, lftuc; choice, 10s. 15 fee;
Compound. lOs. 11 14c.
SMOKED BEEF Beef tongues, esch, 60c;
dried beef sets, 19c; dried beef outsides. 17c;
dried beef lnsides. 21c; dried beef knuckles,
20c.
PICKLED GOODS Barrels: Pigs' feet,
$13.50; regular tripe, $10; honeycomb tripe,
12; lunch tongues. $lo.50i mess beef, ex
tra, $12; mess pork, $25. '
Furs.
The following prices, based on the London
January sales, are for large, full-furred skins
well handled:
FURS Mink. Northwest Canada and Alas
ka, $6.50 y; Colorado, Wyoming, Montana,
Idaho and Utah, $5.50'57; Oregon, Wash
ington and California. $45.50; British Co
lumbia and Alaska Coast. $45. Red fox,
Canada and Alaska, 10; Oregon. Wash
ington. Idaho and Montana. $7. Lynx, Alaska
and British Columbia, $28; Pacific Coast,
$22. Raccoon, 75c tyl. Skunk, Canada, $2.50;
Pacific Coast. 75c $1.50. Wolf and coyote,
Canada. $4a5; Idaho. Montana, Wvoming,
$2. 75 S.25 : Oregon. Washington, Utah, Ne
vada, $1.AO03. Beaver, Oregon. Washing
ton. Canada, Alaska. $3.50&'7; Idaho, Mon
tana, Vtah, Wyoming, $6.50 'S 7; cubs. $2
2.5b. Otter, Canada, Alaska, $12,50014;
Oregon, Washington, Idaho. Montana. $10
0 13. Wildcat, Alaska, Canada, British
Columbia, $3fa"4t50; Pacific Coast, $1.75'
2.5. Gray fox. Pacific Coast, $1.75W2.50;
Bear, black and brown. Alaska, Canada, $16
"i'20; cubs. $12 4t)15: Pacillc Coast, $10(3; 15;
ubs, $5 m 7 ; g rizzly, perfect, $25 4r 35.
Radger, $2. Muskrat. Canada. Alaska, 40c;
Paritic Coast. SOc, Marten. Canada, Alaska.
S12'i;iS; Pacific .Coast, $t0 4i-12. Fisher,
British Columbia, Alaska, $15(20; Pacific
(V-ast. $9(15. Wolverine. $6'n H. Silver fox,
$300 & ."O0. Cross fox, $ 1 0 15. Sea otter.
$2O0fc-4G0. Blue fox. $810. White fox,
$12ra20. Swift fox, 40c. Ermine, 40c. Moun
tain lion. $5010. Ringtail cat. 35&75c. Civet
cat, 10050c. House cat. 50 20c.
Hops, Woo, Hides, Kte.
HOPS 1H09 crop, prime and choice. 20i
21fec; lPOSs, 17fec; 1907s, llc per pound.
WOOI- Eastern Oregon, 16 23c pound;
olds, nominal.
MOHAIR Choice, 25c pound.
CASCARA BARK ic psr pound.
4 HIDES- Dry hides. 1S01SUC per pound;
dry kip. 18018c pound; drv calfskin.
-lc pound ; salted hides. io 10V4c; salted
calfskin, 15c pound: green, lc less-
EGG SUPPLY IS LARGER
SEATTLE MAKKET IS XOT QUITE
SO FIRM.
First AVimiingstartt Cabbage of the
Season Arrives Grain Mar
ket Ta Dull.
PRATTLE, Wash., Feb. 4. Several lota
of turkeys were offered today in the prod
uce market. Dressed etock sold at HO cents
and was in excellent demand. Fresh eggs
were in increased supply, and not quote as
firm at Sii cents.
The California butter market is of more
interest at present than the local situation,
inasmuch as local prices depend for their
strength largely upon the California mar
ket. Cheese was firm with all good stock
commanding Iftt cents.
Twenty-eight dollars was bid for barley
today with $28.50 asked. The market was
dull.
Another rule was posted today by the
grain committee providing that the discount
on bulk oats and barley over sacked shall
be $ L.25 Instead of $ 1 . as proposed by a
member a few days ago.
The first now Winningstadt cabbage of
the season reached the street today. It
sold at 3 cents. New turnips were also of
fered for the first time. They were held at
$1.25. Rhubarb is now regularly offered on
Western avenue and was qnoted today at $2
a case, or 9 cents per pound. - Ceierv was
steady at $X75, although in some quarters
an effort was made to secure a higher
price.
QUOTATIONS ATSAy FRAjiClSCO.
Prices Paid for produce in th Bay City
Market.
SAN' FRANCISCO. Feb. 4. The following
were the quotations' in the market today
-...AHotuff3 Bran $25,504! 27. 50; middlings,
iKi'ii 31.
VejtatRble-s Cucumbers, $lf?1.50; garlic. 4-a
Gc: green ptas. S-&-15C; string bean., nnmlnal.
Butter Fancy creamery, 3jc; creamery
second, ittc; fancy dairy. 2c.
KgKa Store, 80c; fancy, 3::c.
n,"e New-, 17fclWc; Young America.
18(7
Hay "Wheat. 143rl!: wheat and oatj. J12
flirt; alfalfa. 0al2; mock, 79; in raw! per
bale. r.iK&7.c
Krulu Apples, choice. Tftcgll: common 50
tfi'ioo; banana. TZetiSil; limes. $4fr4.5; lem
on choice. $i4i'2..v; common. ii?fl.S- or
aiiKes, nave!,. $1.7i'?f2.&0; pineapple 22.."i.
Wool South Plains and Am Joaquini fe3?
10c.
Hops 18"a22c per pound.
"Potatoes Oregon Burbanks, $1.151.25; 8a
Unaif iiurbanks. $1.3Tti 1.5." : fweets, el.Soii.
Poultry HooMem. old. $,1l7fl.,'iO; voung $7
S: broiler,, small. $3ig-t; larne, J4.5'?r5: frxers.
tWj: hen,. 5'g lo; ducks, old, $o.30!gi 50;
your.K, 7'a9.
Receipts Flour. 2S20 quarter sacks:
wheat. 24.50 centals; barley. 720 centals;
beans. 27v" sacks; corn. 675 centals: pota
toes, 21(H) sacks; bran. 20 sacks; middlings.
SIO Backs; hay, 41 tons; wool,' 4 barrels:
hides, 1WO0.
KaMtern Minins; Storks.
BOSTON, Keb. 4. Closing; quotations
Allouex .- 4s IMiainl Copper
A mn lit. Copper. Tti -Mohawk
A. Z. I & Sra- :to Nevada Con. ...
Arixona Corn.... 41 iNipissins; Mines.
Atlantia SfeiXotth Mutte .
B C O A C rts.. 18 North lke ..
B O O S XI. lsv'oid Rominion...
Butte Coalition. 23'Oeceola . L.
Cal. & Arizona, tiit :parrott (S4fcC)
Cal. & Hecla. . .ti-t!B Quincv . ..
Centennial . ... Shannon '.
C. Kan. Con. Co. 7". Sup & Bos Min
E. Butte Cop M. 97,'superior
Kranklin 1HK. Sup & Pitts Cop!
Olroux Con. ... 9 Tamarack
Oran-oy Con. ... S I. S. Coal A Oil.
Greene Cananea 9 TJ S S R M
3. Royalle tCop) 1",! do preferred
jverr .... ,l tan con 37
Lak. i'opper .. T;Winona
La Salle Copper 13 Wolverine 133
Dairy Produce in the
OH1CAOO. Fen. 4 Butter steady. Cream
eries. 2o 4r ttV: : dairies. .24rpc.
ES5S. easy: receipts, cases; at mark,
rases included, 19i2oc; firsts, 27 He; prime
firsts, sc
Cheese, stesrty. Daisies, 17ai7'c: Twins,
5Wi7c: Vciuns; Americas, ItiWeiSVc:
Ion ilorns, ltii,aiac
22 .
B4
20 s
:
S.I 14
IBS.
401,
14C.B
19 V
SO
144
i:i
51 v,
IS',
7',
00
BeUef That Xew York Banks' Posi
tion Is Stronger Has ElTect
in Checking the
Liquidation.
NEW YORK. Feb. . Speculative senti
ment remained much unsettled today as an
after effect of the violent declines effected
in yesterday's market. There was no re
sumption of the heavy liquidation which
broke the market yesterday, and this left
the way open to some recovery. The bear
interest left uncovered after such a spasm
as occurred this week insured a potential
demand for stocks sufficient to carry prices
away from the low level.
The rapidity and the extent of the . de
cline which has occurred point to a cul
mination of an ordinary market cycle.
Foreigners expressed this view of the sit
uation before business resumed on the New
York Stock Exchange, by advancing the
prices of Americans. It was not surpris
ing, therefore, that a -rush of bears to cover
shorts should have made opening; prices
well above last night's closing.
The violence of these movements proved
disconcerting to all but the most -highly
speculative element in the market. ''and the
recovery eliminated some of the substantial
buying which was perceived at the lower
prices. The bears rallied their forces when
any signs of that sort appeared 'and made
fresh attacks. These attacks were most
effective in the copper group and especially
American Smelting. The position of the
proposed merger, as well as the recent state
ment of annual earnings of the company,
wete assigned as reasons for its vulnera
bility. The tone of speculative sentiment was
kept shifting throughout the day. The pre
liminary estimates of the week's currency
movement pointed to ar.other notable ad
dition to he surplus reserve of the banks.
The likel.hood of loan contraction to be
shown in consequence of the heavy stock
market liquidation added to Jhia proba
bility. This had its influence in checking
the liquidation by the prospect that the
banks would be experiencing difficulty, be
fore long, in finding employment for their
surplus funds.
One of the day's upward movements was
in progress at the closing, which was strong,
with net gains for most stocks.
Bonds were irregular. Total sales, "par
value. 3.41.0OO. United States bonds were
unchanged on call.
CLOSING STOCK QUOTATIONS.
' CIoj.no-
Iw. Bid.
37 X,
T7Js
41
34 "i
74
r,?i
&
K4
13,
4S
106
11!
ft:
49
, Sales.
Allis Chalmers pf. 700
Amal Copper .... 51.6V0
Am Asrrlcultural
Am Beet Sugar ..
Am Can pf ..
Am Car & Foun.
Am Cotton Oil ..
Am Hd & Lt pf.
Am Ice Securl ..
Am Linseed Oil.,
Am IjOoj motive
loO
8.2O0
9"0
8.8O0
1.6O0
5(H
l,4i0
3"0
2.200
Am Smelt & Ref. 64.700
do preferred ... 1,300
Am Sugar Ref 500
Am Tel & Tel .... 4,200
A m Tobacco pf . . 700
Am Woolen 300
Anaconda. Min Co. V&o0
Atchison 26.O0O
do preferred ... JOO
All Coast Line .-. 8K
Bait & Ohio 32,900
do preferred ... 5O0
Bethlehem Steel . . S5X
Brook Rap Trail. 3.800
Canadian Pacific .. 3O0
Central Leather .. 8.8CO
' do preferred ... 1 00
Central of N J... 100
Ches & Ohio 27.900
Chicago & Alton . . 1.3O0
Chicago Gt West. 1.SO0
Chicago & N W... 1,81-0
C M St Paul T.Oc-O
C. C. C & St L. .. floo
Colo Fuel & Iron.. 2.500
Colo & Southern... 1,200
do 1st preferred. 7l-0
do 2d preferred. 2"0
Consolidated Gas .. 8.4O0
Corn Producte ... 2.fttK
iOel & Hudson BOO
U & R Grande ... l,"oo
do preferred Rno
TMwtillera" 6ecuri .. 1.4O0
3.10I
1,000
P -0
1.3O0
8.400
4.ROO
f-OO
.oO
4.3O0
2O0
1.4"0
SIX)
TOO
1.4O0
2,300
Erie
do 1st preferred .
do 2d preferred.
General Electric
Gt Northern pf ...
(it Northern Ore ..
Illinois Central ...
Interborough Met..
do preferred . .
Tmer Harvester ..
Inter Marine -pf..
Int Paper
Int Pump
Iowa Central ....
K C Southern .,
00 prererrea
Louisville & Nash 2.900
Minn & St IjouIp. , 80O
M KtP&SSM. 400
Missouri Pacific .. J, Boo
Mo. Kan & Texas 4.000
High.
78
42
34 -li
74 i,
BO:ls
59
20S.
14
48'i
1"
121
136
91,
33
49
115
102s
126
Hois
90
24
70
179
38
1"
293
1
66
31
lfio
14,
SO
3H
r
81
!
144
. 18
172
39
77
29
27
44
34
149
135
69
139
IB
49
86
19
13
47
21s
35
75
42
33
73 -St
08
57
33
20
13
47
lo5 aj
119
134
81
32-S4
113 114
102 102
125 126
109 1(19
2
69
179
37
K-6
293
7
54
29
15.4
145
79
34
56
f
79 li
27
70
178
Si
105f
292 -Won,
6f.---i
3014
154
14
79
as
tw.
8o
141 142
ITS 17
lTOif, 17
3l
27
27
43
3.1 T4
148 149
13 134
38
1
28
27
42
i
139
18
48
86
18
12
20
S5
68
1O0
3.0OO
4.3O0
300
9.1O0
8;0
10 eoo
2.6f!0
24.200
I.700
100
1.SOO
900
400
lTT.Sno
2. Boo
20f
16.100
2.30O
do preferred
National Biscuit ..
Natkmal Iad
Mex Nat Ry 1st pf
N" Y Central
X Y. Ont & West.
Norfolk & West, l.ioo
North American .. 1.300
Northern Factfle ..
Pacific Mail
Pennsylvania
People's Gas
P, C C ft St L. . .
Pres-eed Steel Car.
Pullmiui Pal Car.
Ry Steel Spring..
Re-adlng
Re-publlc Steel
do preferred
Rock Inland Co . .
do ore f erred
St T, S F 2 pf. 0,oO
St L Southwestern 500
do preferred ... ......
Slos--hefrield 1.200
Southern Paclnc .. 82.2oO
Southern Railway. I.81H)
do preferred ... 8t0
Tenn Copi-er . 1.900
Texas & Pacific. . l,fl-o
Tol. St I, t: West. 2o.
do preferred ... 800
Tnlon Pacific ' 116.200
T'nion Pacific ..a. ao
I" S Realty 3O0
f S Rubber l.BOO
IT s Steel 274.400
do preferred ... 5.1O0
T'tah Copper fi.flOO
Va-Ouro Chemical. 6.1 00
Wabash 3.400
do preferred 10. 600
Western Md S.200
Westinghoujse Elec S.fK'O
"Western t'nion
Wheel Ar L Erie..
Wl9K-onsiTl Central.
Pittsburg Coal . .
Am Steel Fdy ..
1'nlted Irv Goods-,
Xacleoe Gas ....
I.IOO
IOO
loo
810
2.2io
100
11.8O0
Total sales for the day
BONDS.
141
44
134 ?4 -67
40ai
n
kvs
97
61
116
44 ,
97
76T4
135
29
131
los
95
39
193
38
159
B4T
99
431
83
49
26
"73-14
2
64U
Sl
29 1
43
64
184
97
74
.38
SOti
12-1
47
49
19
43
47
67
69 a!
s
45
2"
56
119
im
990.400
18
49
86
19
12
46
2')
i42I4 143
43
134
66
39
71
IOI
78
60
116
44
05
76 V,
133
29
13"
107
95
38
191 4
37
1571
31
99
40
82
46
26
'SI
40-
71
104
78
eo
116
96
71!
134
29 i
131
107
95
38
191
.17
159
$
49
26
T2 -73
123 124
27 28
64 x 64
30 31
28 28
43T4 4334
62 Uj 64
182 1R3H
i-1
74
fin
119 120
07 li
74
7f2
46
48
1RJ4
41
46
R4
69
r-
45
20
54
119
97
shares.
46Tt
48
19
43
46
66
69
S
45
.20
55 Vi
11814
88 -K
NEW YORK. Feb. 4. Closing quotations:
T. S. ref. 2s reg.tooN. Y. C. gn. 3 90
do coupon ...!oo No. Pacific 3s.. 73
V. S. 3s reg. ...101i'No. Pacific 4S..10H4
do coupon . . -1Hi '.Union pacific 4S.101
t. S. new 4s reg.114 Wis. Central 4s. 94B
do coupon . . .1 1 4 . 'Japanese 4s.... 90
D. & R. a. 4s.. 96 I .
Daily Trewiury Statement.
WASHINGTON, Feb. 4. The condition of
the Treasury at the beginning of business
today was as follows:
Trust funds
Silver dollars aSA4.966.869
Silver dollars of 1S90 485.3-ll.ooo
Silver certificates outstanding S.SSZ.OOO
General fund
Silver dollars in. general fund... 5.742,071
Current liabilities 9s!741.159
Working balance in Treasury of
fices 22. 724.042
In banks to credit of Treasurer -
of United States 35.38-fc2.89
Subsidiary silver coin 20.00.988
Minor coin - I.I65.971
Total balance in general fund... SI, 793, 734
Money, KxchaiMre. Etc.
NEW YORK, Feb. 4. Money on call easy
2&2 per cent; ruling rate, ? V per cent:
closing bid,- 2 per cent; offered at 2
per cent.
Time loans easier; 60 days. 3 per cent
90 days. 3 per cent; .six months, 4 per
cent.
Prime mercantile paper closed at 43
per cent
Sterling exchange easy, with actual busi
ness in bankers' bills at $4.8370f?4.8380 for
60-day bills and at 94.8615 for demand.
-Commercial bills, $4.63 tj 4.S3
Bar silver. 51c
Mexican dollars, 44c
Government bonds, steady; railroad bonds,
irregular.
LONDON. Feb. 4. Bar sliver, steady.
23 i d ner ounce.
Money. 1 q 2 per cent.
The rate of discount in the open -market
for short bills is 2 per cent.
The rate of discount In the open market
for three months bills is 2 per cent.-
Consols for money, Sl.
Consols for account, 61.
SAX FRANCISCO. Feb. 4 Sterling on
London. (SO days. 14.84; sterling on Lon
don, sight, $4.86.
Silver bars. 51c-
Mexican dollars, 43c.
Drafts Sight. 6c; telegraph, 10c.
I
New York Cotton Market.
NEW YORK. Feb. 4. Cotton Spot closed
quiet. 15 points higher; mid-uplands. 14 i.-c:
do gulf. 15.15c. Sales. 28 bales.
Futures closed steady. Closing bids:
February. 14.61c; March, 14.64c; April,
14.62c; May, 14.70c; June. 14.62c; July, 14.61c
Ail-rust, 14.14c; September. 13.17c; October
12.Tfic; November. 12.65c; December, 12.61c;
January, 12.58c.
WHEAT SLIDING DOWN
AX'OTHER DROP OF A CENT IX
CHICAGO PIT.
Weak Cables, Tjarge Arrivals aiiil a
Slow Demand for Cash
Grain.
CHICAGO, Feb. 4. Trading in wheat
started with a. moderate decline, followed
by a slight rally, despite the preponderance
of bearish factors, notably foreign weak
ness, large arrivals and a slow demand tor
cash wheat. The- temporary strength wa.
insufficient to hold the market at the high
levels, and prices slid down gently from c
to lc, the decline being stayed at differ
ent points by buying activity. May retro
graded from 1.101.10 to 1.09
1.09, the other features traveling over a
shorter fall. The close was c removed
from the low points of the day with May
at 1.08 1.09,' lc lower than the
final figures yesterday.
May corn prices suffered in comparison
with the July figures! Early symptoms of
strength, which carried May up to 66c,
were unable successfully to resist the down
ward trend induced by weakness in the de
mand for cash corn. Through most of the
session, July prices kept above May, the
distant month fluctuating from c to c,
while May fell off He to c from the high
point. All the futures made a weak close
at the low points, with May at 66(i06c.
"iic lower, while July at 6c was c
lower.
Trade in oats followed that in corn, the
variations being from c to c. Mav
touched 4B4C and fell off to 46c, cloBing
9, j c lower.
I n provisions, pork closed unchanged to
2c higher while lard and ribs were un
changed to 7c lower.
The leading futures ranged as follows:
WHEAT.
Open.
May J1.10
July 1.0l
S-ept 86
CORN.
May .si .66
July .
Sept 66 .66
OATS.
.46
High,
f 1.10
1.00
-9
Iw.
$1.09
1.00
.95
.66
.66
.66
Close.
$1.09
IOO14
.6
66
66
6
May.
July.
Sept.
May.
July.
May.
July.
.46
.43'-.
-40J4 .40
MESS PORK.
21.60
21.7S
11.90
11.90
21.82
21.75
12.90
11.95
.46
.43
.40
21.60
21.60
11.90
11.87
SHORT RIBS.
.46
.43
.40
21.75
21.67
1197
11-92
May . .. 11.67. 11.67 11.5714 11.60
July 11.57 11.67 1L55 11.57
Cash quotations were as follows:
Flour Steady.
Rye No. 2. 81a.
Barley Feed or mixing, 62 Q 65c; fair to
choice malting. 67 i-71c.
Flax seed No. 1 Southwestern, $2.05 No.
1 Northwestern, $2.05.
Timothy seed $4.15.
Clover- $13.85.
Pork Mess, per barrel, $21. 50iji 21.75
Lard PervlOO pounds, $11.97 V- e 12.02
Short ribs Sides tlooeel. $11.37 IS, 11.67 .
Sides Short, clear (boxed), $12 61 12.12 W.
Grain statistics:
Total clearances of wheat and Hour were
equal to 93,000 bushels. Exports for the
week, as shown by Bradstreet's, were equal
to 2, 466,000 bushels. Primary receipts wore
600.000 bushels, compared with 463.000 bush
els the corresponding day a year ago. Esti
mated receipts for tomorrow: Wheat 8 cam
corn, 394 cars; oats, 153 cars; hogs, 20 006
head.
Receipts.
Flour, barrels.......... 19,500
Wheat, bushels......... 32.400
Corn, bushels. .......... 500-500
Oats, bushels. ...... .300.000
Rye. bushels ' a. 000
Barley, bushels 129,000
Shipments.
23,700
46.900
173.200
159,500
2.000
46.D00
Grain and Produce at New York.
NEW YORK. Feb. 4. Flour Quiet and
nominally lower. Receipts, 18,350 barrels;
shipments, 10,010 barrels.
Wheat Spot steady. No. 2 red. $1.30
sales elevator domestic and $1.30 nominal
f. o. b. afloat; No. 1 Xorthern Duiuth and
No. I vard Winter, $1.23 nominal f. o. b.
afloat. There was an easier market in wheat
under selling on the cables, poor cash de
mand, predictions of large receipts and lib
eral world's exports. Offerings were not
large, however, and shorts covered on the
decline. At the close prices were o
net lower. May closed $1.17; July $1.07.
Hops and wool Steady.
. Hides and petroleum Steady.
Minneapolis Grain Market.
MINNEAPOLIS, Feb. 4. Close Mav
fl.09 1.09 -July. $1.08. Cash wheafll
J,-i',i1fVjv1-2,1'I2: No" 1 Northern.
$1.10 1.11; No. 2 Northern, $1.08 a
1.09 ; No. 3 Northern. $L041.06
Flax Closed $2.17.
Corn No. 3 yellow, 58 59c
Oats No. 3 white. 4444c
Rye No. 2. 7677c.
European Grain Markets.
LONDON. Feb. 4. Cargoes very. dull. Wella
Walla for shipment, 8d lower, at 4is; quota
tions nominals English country markets ouiet'
French country markets steady. "
LIVERPOOL. Feb. 4. Close -Wheat
March. 8s ft&; May, 7s lltid
July, 7s lOd. Weather fine. va
Grain at San Francisco.
SAN FRANCISCO, Feb. 4. wheat
Steady.
Barley Firm. ' - .
Spot quotations: Wheat Shipping, $1.90
2.
Barley Feed, $1.32L38; brewing
$1.37 1.40. B
Oats Red. 11.9091.60; white, lL6'V.a
1.70; black, $1.502.3O.
Callboard sales: wheat No trading. Bar
ley May. $1.37; December, $1.24. Corn
Large yellow, $1.75 l-SO.
Grain Markets of the Northwest.
LEWISTON. Idaho, Feb. 4. (Special.)
Markets unchanged. Wheat Bluestem. 7c
fortyfold. 89c; club and turkey red, 7c'- red
Russian. 85c. Oats, $1.20. Feed barley,
$1.12.
TACOMA. Wash.. Feb. 4. Wheat Blue
stem, fl.lol.lt; club, $1.06; red Russian,
SEATTLE. Wash.. Feb. 4 Milling quota
tions Bluestem. $L14; club. $1.11- fife.
$1.11: red ' Russian. $1.09. Export wheat
Bluestem. $1.11; club, $1.08: fife, $1.08- red
Russian, $1.06. Car receipts up to noon
Wheat, 11 cars: rye. 1 car. Yesterday s re
ceipt!! Wheat. 26 cars; oats, 2 cars; barley
8 cars.
CofTee and Sugar.
NEW YORK. Feb. 4. Coffee closed steady,
net unchanged to 5 points higher. .Sales!
80.750 bags. including Fbmarr, 6. SOc:
MsVch. C.85c: May. 6.96c: July. 7.00c. and
September and December. 7.05c. Spot
steady. No. 7 Rio. 84c; No. 4 Santos. 9
llo. Mild quiet. Cordova. Seflll,c.
Sugar Raw quiet. Muscovado S test.
S.6353.(7c: centrifugal 96 test, 4.14t.l7c;
molasses sugar. 89 test, 3.39 Z.Ai He Re
fined qul-et. Crushed, S.Soc; granulated,
.15c; powdered, b.2bc
STATEMENT OF CONDITION OF
lumbermens
National Bank
At the Close of Business January 31. 1910
RESOURCES
Loans and Discounts.
Overdrafts . : . .
U. S. Bonds to secure Circulation...
Other Bonds and Premiums
Real Estate
Furniture and Fixtures
Customers' liability under L. C
Due from U. S. Treasury. $ 12,500.00
Due from Banks 322.8G8.69
Cash 552,133.23
$1,818,003.65
2.394.70
250,000.00
205,319.26
800.00
2S.112.15
420.00
887,503.92
LIABILITIES
Capital
Surplus and Undivided Profits. ,
Circulation. . j
Reserve for Taxes
Drafts accepted under L. C
Dividends Unpaid ..............
Deposits
$3,192,583.63
250.000.00
39.S37.17
24(i.o00.00
3,556 .45
420.00 112.50
2,652,057.5(3
$3A92,5S3.6S
OUTLOOK IS GOOD
Though Reports Are Irregular
Trade Is Satisfactory.
USUALLY QUIET PERIOD
Buyers Showing Some Conservatism
Because of tlie Agitation for
Lower Prices The
Labor Situation.
NEW YORK!, Feb. 4. R. C. Pun & Co.'s
weekly review of trade tomorrow will ay:.
Industrial and mercantile conditions,
though irregular on the whole, are satis
factory, with a promising outlook. The event
of this wee It has been the great weakness
in securities.
The failure record has been greatly ex
panded in amounts involved in the last
month, but Hie record seems worse than it
really is, because its big total of liabilities
is due to a handful of large defaults, chielly
by brokerage firms. The record, neverthe
less, has necessarily & depressing effect.
It is difficult, however, to discover any
material falling off in the volume of trade,
although it is undoubtedly true that there
is less of the tremendous push of the past
two or three months.
While there haa been no return to the
remarkable activity of a few months ago,
current consumption of iron and steel con
tinues in heavy volume, and all leading
producers are busily engaged in tilling con
tracts on their books.
Large sellers ot cotton and worsted fab
rics have named the closest price for Fall
deliveries that have been known in the
dry goods trade for some years, and they
are getting business in good volume, prin
cipally of well-known staples of quality.
In the jobbing markets, the trade for the
week has been more active. The moderate
advances relative to the rise In raw ma
terial is doing much to stimulate con
fidence. Footwear manufacturers are reported to
have a good Spring trade. Leather continues
dull and values are weak.
BUYERS ACT CONSERVATIVELY.
Holding Back Because of Agitation for
Lower Price.
NEW YORK, Feb. 4. Bradstreets tomor
row will say:
Trade In general displays a certain de
gree of quiet, not, by the way, unusual at
this, a between -seasons period, but in sev
eral quarters theio is a greater disposition
to act conservatively In the matter of pur
chases. For one thing, the agitation for
lower prices tends to the belief that quota
tions may red uce to more attractive leve Is
and at the same time some . large Interests
seem to fear inimical action from the Fed
eral authorities at Washington.
There is some uneasiness over labor mat
ters, demands, actual and prospective, for
higher wages being plentiful. In some cases
Increased wages have been granted, but
the officials of the railways do not see their
way clear to grant employes' Deque Mat
All in all, the outlook for distributis
trade is good, though demand naturally
shows a relative recession -from the high
marks established in December, while far
distant trade is slow to develop, pending
a clearer view of crop and other conditions.
Business failures for- the wk ending
with February 3 in the United States were
242. against 295 last week; 286 in the like
period of li09; 272 in 1HOH. 198 In 10T and
204 in 1906. Business -failunes in Canada
for the week number 30, against 43 last
week and 47 in the like week of 1909.
Wheat, including flour, exports from the
United States and Canada for th-a week
ending February S aggregated 2,465,t98
bushels, against 3,118,178 bushels last week
and 1.602.S7S this week last year. For the
31 weeks -ending February 3 exports are 101.
209,014 bushels, against 128.846,405 In the
corresponding period last year.
Corn exports for the week are 1.240 860
bushels, against 1.379.656 bushels last wek
and 1.106.855 in 1909. For the 31 weeks
ending February 3, corn exports are 15 -269,
873 bushels, against 16,721,770 last year.
Bank Clearings.
NEW YORK, Feb 4 Bnadrtreet bank
clearings report for the week ending February
3 shows an aggregate of $3,?Ob.275 n as
against $3,i7,711.0x last week and 2,202 -iMiL,CKo
in the corresponding -week iaat year
,r , P-C lnc
New York $2,4SO.034.MM 19.8
Chicago - 2rt5.V15.oo0 2.0
Boston liH.O7tt,04JO 11.1
Philadelphia IM.34.000 10 8
tt. Louis ....... tt8.135.O0O 2.6
Pittsburg 60. 224,01 15.4
Kansas City 47.8y2.KK 15.4
ban Francisco 43, 7K7,0K 32 . 8
taiiimore .To.4K5.OO0 10.3
Cincinnati 2i,Ktf.ooO 5-4
Minneapolis .21.87H.tHM 52.5
New Orleans la.Sflti.ooO 10 1
Cleveland 17,4m .040 3.2
Detroit 16.6,'fM'O0 31.2
Omaha 14,415,ou0 22.7
LouLPVille 1.1.671,000 1.2
Milwaukee 1H.416.0O0 14.3
Fort Worth 6.Sl,Ooo
Ixs Angeles ......... ... 14.SJ,Chh) 19.3
St. Paul . 9.oK3.0"0 TO 3
Seattle 9.940. OT K 24.2
Denver 9.949.4 -do 11 .5
Buffalo 9.42, ooO 19.9
Indianapolis 9.M01,oO A.3
Spokane, Wash. , 4.421,VjO 23.8
Pmvidenoe t.447,i-r0 12.1
Portland. Or. 8.33t,ooG 45.1
Richmond 9.367.O00 lfi.2
Albany 5.911. or 20.7
Mash i n g ton, Z. C 7 . 227 . 0 1 H.3
Kt. Joseph ... 6.529. OOO 20 . 6
Salt Lake City ........ 6.577.000 S3. 9
Columbus .-.. S.721.0OO 5.8
Memphis 5.4J M.OoO 1 . 3
Atlanta 11.241.K0 79.-4
Tacoroa f.651,0to 17.
Oakland. Cal. . 2.137.OU0 Jl .5
tacramento 1. 1M. oH . 5
Helena - 847. Ooo 19.2
Hoiu-ton - ' 20,T29.rtN 3.3
Cal veston 14. 642,000 4.8
'Decrease.
Metal Markets.
NEW YORK. Feb. 4. The- market for
standard copper on the New York Metal
Exchange was dull today with spot and all
deliveries up to the end of April closing
at 13.00 13.20c. London market steady.
Spot. 59 7s 6d ; futures. 60 5s. Arrivals
of copper reported at New York today were
125 tons and exports 3654 tons, making 5332
tons so far this month. Local dealers quote
CONDENSED REPORT OF
THE UNITED STATES NATIONAL BANK
OF PORTLAND, OREGON
Submitted to the Comptroller of the Currency at the Close of Business,
January 31. 1910.
ASSETS
Loans aud Dis
counts . $
Ciited States Bonds
at Par
Municipal and Kail
way Bftnds '
Bank Building ....
Cash and Exehru
5,70-1,946.80
954,000.00
' 959.007.04
125,000.00
3,794,051.77
LIABILITIES
Capital $ 1,000.000X0
Surplus . 500,000.00
Undivided Profits'.. 218.899.34
Circulation 092.700.00
Deposits 9,24.6,00u".33
Ttal $11,027,605.67 Total $11,627,605.67
.8.
101 ...
The Top of a
TULIT
Street Is Gritty
THAT'S WHAT MAKES IT SAFE
FOR HORSE OR AUTO
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Tork. Boston. Chicago, Minneapolis. Pbtlsdelpbia. Bt. Louis,
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lake copper at 13.62 H ( 13.7Sc; electrolytic,
13.37 & 13.50c, and casting-, -IS.IZH
13.37-ic.
Tin asy. Spot 32.2532.50c; February,
ZZ.20g 32.40c; March, April and May, 82.20
5 32.25c. London market easy and a shade
lower. Spot, 145 15s; futures,- 148 6s.
Lead easy. Spot, 4-27i4.72c Now
Tork, and 4.50 & 4.65c East gt. " Louis. Lon
don market higher. Spot, fl3 Ss 8d.
Spelter weak. Spot, B.90(& 6.15c New York
and 6.50 5.70c East St. Louis? London, un
changed. Iron was lower 51s 1 d for Cleveland
warrants in London. No change was re
ported locally.
Morgan & Robb, 250 Stark St., will
write your Kire Insurance for you.
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The steamer BREAKWATER leaves Port
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Phone Main 26a.
SAN PBANCISCO PORTLAND 8. S. CO.
Only' direct steamers and daylight sailings.
From Ainsworth Tor-k, Portland, 4 P. il.
SS. Kan nan City, b. 4, 18.
SS. Kose City. Feh. 11. 23, etr.
From Pier 40. San Krancisco. 11 A. M. '
SS. Rose City. Feb. a, 19.
SS. Hjinxa City. Feb. 12, 2R.
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Ainsworth Dock. Main A 1234.