Morning Oregonian. (Portland, Or.) 1861-1937, April 08, 1910, Page 21, Image 21

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    121-
SELLING IS SLOWER
With Advance in Mohair, Of
ferings Are Lighter. ,
MARKET IS NOW 27 CENTS
Competition Between Ixcal and
Eastern Buyers Is Responsible
for the Rise Strong Coitdl-
tton of the Goods Market.
The grow in be demand for mohair and the
sharp competition between local and East
ern buyers are gradually putting the mar
ket to a higher basis. The general quota
tion now Is 27 oents, an advance of 2 to
2 4 cents over the opening price. As a
result of the upward tendency the market
has shown, selling., has become less free.
Country dealers, In their reports,, nearly all
state that the farmers are showing less
Inclination to sell since they have found
that values are climbing. Interior mer
chants, who have been accumulating stack,
are also less ready to part with It.
Pome of the dealers here claim they are
paying more than the Eastern market jus
tifies, yet they do not withdraw their bids.
The latest mail advices 'from Boston are
that trading there Is on a very small scale,
because of the scarcity of -suitable offer
ings of fine American hair. The coarser
irradrs are rather plentiful, but there Is
little demand for them. Open quotations
at Boston are unchanged.
Mohair linings in tha East have ad
vanced and mills are now quoting goods
for Spring delivery next year five per cent
higher. Of the goods market, the New
York Journal of Commerce says:
Engagements are being entered into by
large users of clothiers linings of domes
tic production, such as mohair, serges and
alpacas, for Spring, 1911, delivery at prices
that show an advance of 5 per cent com
pared with the present season level of
prices. Commitments for that distant
seasnn are not of large proportions as yet'
because buyers are somewhat adverse to
making contracts at the new prices that
have baen named. However, several promi
nent operators have made contracts, prefer
In? the certainty of good deliveries at the
Advance to a repetition of the trouble they
have encountered during the past season
In procuring their merchandise. The preva
lent opinion among the leading manufac
turers of linings of this sort is that a livelier
buying movement will be In evidence once
the jobbers and wholesale clothiers find
the market Is on a sound basts. During
the next six weeks the call for Spring
goods is expected to be in full swing.
The spot demand for linings made of
lustre wools or mohair is very quiet and
there is but little interest being shown in
additional supplies for the next Fall sea
son. Initial Fail orders were of such broad
dimensions that the mills were provided
with business that will carry them along
for several months to come. Re-ordors for
Fall cannot be undertaken for production
and sales managers say that if an extra
yardage of these cloths is needed the trade
will have to rely upon stock goods to re
plenish their holdings.
MAY WITHDRAW HOPS FROM MARKET.
Scheme Proposed for Improving; Trade Con
ditions. The sentiment is growing in the hop trade
that the weakness of the market can be
corrected by relieving it of selling pressure
by both growers and dealers, and to this
end steps are being taken by some of the
dealers to sound growers on the subject.
The proposal that is being made is for all
holders to withdraw from the market for
HO days.
A cable from Bernhard Blng, of Nurem
burg, was received by Isaac Plncus & Sons
yesterday which confirmed the previous re
port that the weather on the continent has
been very unfavorable and that the roots
have Wintered poorly.
English market conditions are reported
by the Kentish Observer of March 24 as
follows :
The demand for usTul copper hops is on
the Increase, and stocks are very attenu
ated. Prices consequently are firm for
both medium new and yearlings. Old hops
sre also more In demand, at full values.
Continental markets remain steady for any
thing approaching good quality, but lower
sorts are somewhat neglected. Pacific Coast
prkvs remain steady, with but small de
mand for them In thi market.
I, attest trade circulars of the English fac
tor! follow :
Wild. Xarm Co., Ixmdon An easier
tendency in values has attracted rather
more imiuiry during the past week and
1 here has boen a further shrinkage in the
email stocks available.
Manger fc Henley. London There Is no
change to report in our market. The busi
ness passing is. still very limited.
W. H. & H. I-e May. London A quiet
tone pervades tho market. Only few par-eels-
of various dates have been taken dur
ing the past week for consumption at cur
rent rates, hut even these few lots appre
ciably ivduce stocks.
Worcester Business has somewhat Im
proved on the Worcester market, as hold
ers have been rather more Inclined to do
business both In last season's and yearling
hops. Sev?nty-slx pockets new and a few
yearlings were weighed last week from
growers. A week's dry weather enabled
work to be done in the hop yards, the re
ports from which nivak of weak roots and
a considerable portion of dead stocks.
CAR OF MEXICAN BANANAS COMING.
West Coast Fruit Will Be Introduced on
Tliis Market by Ryan.
A car of Mexican bananas is on the way
to this city and will arrive next week. The
shipment Is being made by the Banaiv
Kxpress Company, of which Frank J. Ryan
l the head. Mr. Ryan will be in the city
in a few days to attend to the Introduction
of the fruit. This will be the first large
shipment of Mexican bananas ever brought
here, though there has been talk for the
past two years of putting the Mexican fruit
on this market. The plantations that the
Ryan company controls, which are on the
w est roast of Mexico, are cow beginning
to produce heavily, and their natural outlet
is the Pacific Coast States.
As soon as the trade of Oregon. Washing
ton and California Is assured of a constant
supply, it is likely they will cut out the
Central American fruit entirely, which Is
controlled by the Eastern banana trust.
Fruit Jobbers for years have asserted that
they could make no money handling the
Central American ban una s. and now they
hae the opportunity offered them to cut
loove from the trust.
The Mexican bananas are shipped by
steamer direct to San Pedro and there
placed In refrigerator cars for distribution
at coast points.
Four cars of Central American banana
were received on the street yesterday morn
Ing. They arrived In fine condition.
.rin Market Quiet and Wek.
There were no new developments in the
local grain market yesterday. Trading was
very light and the ton:? of the market all
around was weak.
Local receipts, in cais. were reported by
the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Mnndsv 21 7 15 4 13
Tuesday ... 14 . 3 rt H
A eiinarsday .. i .... .... f ft
Thursday ... K; 4 3
Year aeo 7 t tf . . . .
Reason to date P.l4rt 1 21 1 s-T 221 5
Year ago ltf.'jm. 1 lT 124d 7i 2410
Strawberries Clean I'p Well.
Additional shipments of Los Angeles and
Fl rin strawberries were received yesterday.
The former were steady at 25 cents a bas
ket, while the latter were lower, at $3.75
per crate. The berries cleaned up well.
A car of cabbage came in and as th
street was lightly supplied. It sold readily.
the bst bringing 1 m cents. There was an
abundance of asparagus, but the demand
was vd and prices were no lower. Tele
phone peas were offered at 12 i cents.
KE Firm at 23 Cents.
The egg market was firm at 25 cents, the
supply, as usual, being far under the de
mand. The inquiry for poultry was better and 20
cents was readily obtained for fancy hens.
7"! ere were no new features in the butter
market, which was steady with an active
trade.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were aa follows:
Clearings. Balances.
Portland 91,595,202 $170,719
Seattle 1,714, SS3 136,563
Tacoma 842.817 31,998
SpXkane 729,164 SO. 274
P KTIAXDMAB K-ET 9.
Grain, Flour, Feed. Etc.
WHEAT Track prices: Bluestem, $1 9
1.02; club, 95c;- red Russian, Sdc; Val
ley. 91; 40-fo!cJ. 97t(9c.
BARLEY Feed and brewing, $24.5026
per ton.
FLOUR Patents, $3.75 per barrel;
straights, S4.73 St 5.50 ; export, 3 90 a 4.10;
Valley, 95. 60 : graham. $5.5tf ; whole wheat,
quarters. 95.70.
CORN Whole, 934; cracked. 935 per ton.
HAY Track prices: Timothy, Willamette
Valley, 920g 21 per ton ; Eastern Oregon.
23&24; alfalfa, 916.5017.50; grain hay.
MIL.LSTTJFFS Bran. $2425 per ton;
middlings. 9.13. 50; shorts, 925 26; rolled
barley. $29.50 & 30. 50.
OATS No. 1 white. 927.50028.50 per ton.
Vegetables and Fruits.
FRESH FRUITS Strawberries, Los An
geles. 25c per basket; Florin, 93-75 per crate;
apples, fife 2.50 box; cranberries, JbfcB per
barret.
POTATOES Carload" buying prices: Ore
gon, 50 a 60c per hundred : sweet potatoes.
ai 4c.
VEGETABLES Artichokes. 75c 91 per
dot; asparagus, HSc; cabbage lfilo
per pound; cauliflower. $1.75S2 per dozen,
celery. $2 'a 4 per crate ; cucumbers. $1.23
&z per dozen: head lettuce. 75cfrS1.25 per
dozen; hothouse lettuce. 50c&$l box;
garlic, 10c pound; horseradish, S&lOc per
pound ; green onions, 15c per dozen ; peas,
12ic: peppers. 40c uer pound;- radishes.
30c per doz. ; rhubarb, 34c per pound; spin
ach, $1 per box; sprouts, c per pound; to
matoes, 2.73!&j.oO per crate.
TROPICAL FRUITS Oranges, 92.25 275;
lemons, $2 rg: 4 : grapefruit, 93.25 e 6 per
box; bananas, 46 ofrc per pound; tanger
ines, 91.75 per box.
u.N'iONS Oregon, 91.75 per hundred.
SACK VEGETABLES Turnips. 91 ner
sack; rutabagas, $lgi.25; carrots, 65o0
91 ; beets, $1 1j 1.25 ; parsnips. 50 & 75c
Dairy and Country Produce.
BUTT BR Citr creamery. extras. S3c:
fancy outride creamery, 324f33o per lb.:
store, 20c. (Butter fat prices average 140
per pound under regular butter prices.)
EGGS Fresh Oregon ranch, 25c per
dozen.
CHEESE Full cream twins, 21o
per
pound; young Americas, 2224c.
FOKK Fancy, 13(g13c per pound.
VEAL Fancy, 12&! 12c per pound.
LAMBS Fancy, 15& lc per pound.
POULT RY Hens litifiMr- broilers. 27
28c; ducks. 22 U 23c; geese. 12 c; tur
keys, live, 22 25c; dressed. 252uc; sQuabs,
95 per dozen.
Groceries, Dried Fruits, Etc.
DRIED FRUIT Apples. 10c per pound;
peaches, 7c; prunes. Italians, 4 0c; prunes,
French, 4&5c; currants. 10c; apricots, l2Vfec;
dates, 76c per pound; figs, 100 half pounds,
$ 3.25 per box ; 50 six-ounce, 9 75 per box;
12-ounce, 7oc per box.
SALMON Columbia River, 1-pound tails,
. per dozen: 2-pound tails. $2.95: 1 -pound
flats. "92. 104 ; Alaska pink, 1-pound talis.
90c ; red, 1 -pound tails, 91.45 ; sockey as, 1-
pounds tails, 92.
COFFEE Mocha, 242Sc; Java, ordinary.
37 !& 20c; Costa Rica, fancy. 18 20c ; gooa,
itt((t tJc; oratnary. li' i (ff lc per pound.
NUTS Walnuts, 15c per pound Brazil
nuts, 12H515c; filberts, 15c; almonds, 16
I7c; pecans. 1513 luc; cocoanuts. SOcwll
per dozen.
BEANS Small white. 5.60c: large white.
4Hc; Lima, 5c; pink, 5. 20c; red Mex
ican, 7c.
SUGAR Dry granulated, fruit and berrv.
96 25; beet, 90.05; extra C. $5.75; golden C,
95.65; yellow D, 95.55: cubes (barrels').
96. 5;- powdered, 96.50; Domino, $10.40 3
10.90 per case. Terms on remittances, within
15 days deduct -ic per pound, if later than
15 days and within 30 da vs. deduct un
per pound. Maple sugar, 1518c per pound.
a Ab x vranuiaiea, $ 14. OO per ton ; naif
ground. 100s, 910.50 per ton; 60s, 911 per
ton.
HONEY Choice. 3.25'33.50 ner case:
strained, 7o per pound.
Hops. Wool, Hides, Etc.
HOPS 109 crop. 16(ff 18c. according tn
quality; olds, nominal; 1910 contracts, 15
J 6c.
WOOL Eastern Oreeon. 16rS 20r nonnfl ;
Valley, 20fi22c per pound.
ai k choice, 27c per pound, Port-
and.
CaSCAHA BARK 45)5e per pound.
HIDES Dry hides. lBtiSITt Tr nntirtrt?
dry kip, 16(S17e per pound; dry calfskin,
1820o per pound; salted hides, 7SSc;
salted calfskin, 14c per pound ; green, lc
less.
Unseed Oil and Turpentine.
LTNSEED OIL Pure raw in barrels. Oc:
kettle boiled, in barrels, 92c; raw. in cases.
05c; kettle boiled. In cases, 07c. Lots of 250
gallons. 1 cent les per gallon.
TURPENTINE In cases, SO Vic; in wood
barrels, 78 c.
Provisions.
BACON Fancy, 28uc per pound: stand
ard. 26c ; choice, 25c; English. 23 24c
HAMS 10 to 33 pounds. 21c: 14 to IB
pounds. 21c; IS to 20 pounds, 20Uc; hams.
skinned. 21 He; picnics, 15Vc; cottage rolls,
none; boiled hams, 27 29c
LARD Kettle rendered, 10s, 19c; stand
ard pure, 10s. lc; choice, lOs, 17c.
SMOKED BEEF Beef tonsrues. each ftOrr
dried beef sets 22c; dried beef outsides, 20c;
dried beef lnsides, 23c; dried beef knuckles.
22c
PICKLED GOODS Barrels: Pigs feet,
9 16; regular tripo. $10: honeycomb tripe,
$12; lunch tongues. $ 1 9.50 ; mess beef, ex
tra, 91: mess pork, 930.
DRY SALT CURED Regular short clears,
dry sale 17c; smoked, IS Vsc; short clear
baik. heavy dry salted, 1614 c: smoked, 18c;
Oregon exports, dry salted, 17?sc; smoked.
19c.
Furs.
FURS Prices paid for prime No. 1 skins:
Mink, Northwest Canada and Alaska. iSfti)
10; Colorado. Wyoming. Montana. Idaho and
California, $5fti 7. 00; British Columbia and
Alaska Coast. $S 10; Oregon. Washington,
Idaho and Montana. $7. Lynx, Alaska and
British Columbia. 935; Pacific Coast, $28.
Raccoon. 91 1.50. Skunk, Canada. $2.50;
Pacific Coast, J1&2. Wolf and coyote. Can
ada, 95 6; Idaho. Montana, Wyoming. Ne
vada. l.fOSj 3. Beaver, Oregon. Washing
ton, Canada, Alaska. 95-507; Idaho, Mon
tana, 910; Utah, Wyoming. 96.50 & 7; cubs,
$2fti2.50. Otter, Canada, Alaska, $12.50 z' 1-4;
Oregon. Washington. Alaska, Canada, Brit
ish Columbia, $3 4.50; Pacific Coast, 91.75
w1 2.50. Gray fox. faclrlc Coast, 91.50 & 2.
Bear, black and brown. Alaska, Canada, $16
& JO; cuds, 3. i's i; racmc coast. $10(3 15;
cubs. 95fe 7; grizzly, perfect. $25&35. Bad
ger. 9 Mupkrat. Canada, Alaska, SOc; Pa
cific Coast. 301 60c Fisher. British Colum
bia ' Alaska. $15 20; Pacific Coast. $!Ki 15.
Wolverine. $f(iS. Silver fox, 930O&5OO.
Cross 'fox. 9l0'(il5. Sea Otter, $20Ojfc 450.
Blue fox. 9S&10. White fox, $1220. Swift
fox, 40c. Ermine, 60c. Mountain lion, 95
lO. Ringtail cat. 25 75c Civet cat, 10
SOc House cat, 5 25c.
Eastern Mining Stocks.
NEW YORK, April 7. Closing quotations:
Alloues 46 iMohawk 52
Amai Copper . . 754 Nevada Con .... 21
Am Z I,& Sm.. 25 ' Nipissing Mines. 10
Ariz Com 19 North Butte 5
Atlantic 7 -s North Lake
B Con C A C. 17lOM Dominion
B & C Cop & S I'iV 1 Osceola
Butte Coalition. 22 iParrott
Cal & Ariz .... "" 'Quincy
. 35
. S7
.142
. 1S
. 83 H
. 12
Cal & Hecla...507 (Shannon ....
Centennial
19 superior
4rt
Cop Range T
East Butte ....
Franklin -
Glroux Con . . .
ftranby Con . . . .
Greene Cananea.
Isle Royale
Kerr Lake
Lake Copper . . .
Miami Copper .
t Sup & Bos Min. 12
8 Sup & Pitts Cop. 13
15 Tamarack WO
S!U S Coal & Oil. 36
43 :u S Sm Rf & M 43
9 do preferred .. 40
78!Vtah Con 2
8iWlnona s
56 IWolverlne 127
23
Dairy Produce in t he East.
CHICAGO. April 7 Butter Steady. Cream
tries. 266 31c ; dairies. 222Sc.
Eggs Receipts 80.588; steady at mark.
case included, 18620c; firsts, 2lc; prime
firsts. 22c.
Cheese Steady. Daisies. 1414c; Twins.
13S 13 c : Young Americas, 14 14 c; Long
Horcs. 13 13c.
NEW YORK, April 7. Butter Strong, un
changed. Cheese Steady, unchanged.
Krcs Firmer. Western stora(C ejected.
23jfe24c
STRONG RALLY LUTE
Wheat Closes at Top Point
After Weak Opening.
DEMAND IS EFFECTIVE
Sliarp Slump in Corn on Heavy Sell
ing, but All the Ivoss Is Re
gained Later on Enor
mous Covering.
CHICAGO, April 7. Although sentiment in
wheat was inclined to the bear side, prices
responded readily to any material demand.
The market opened weak, with prices c
higher to 5ic lower, due to buying based on
the theory that the selling of the previous day
had been overdone. Later prices slumped
sharply folio wins: a severe break In corn.
On the final bulge July advanced from 91-04Vs
to $1.C5H and September from 1.01i)s to
91.02W- The market closed strong at the
highest point of the day.
Liquidation of large holdings of corn was
again in evidence and prices slumped mill fur
ther, but ell the lose was- regained late in the
day, owing to covering of enormous lines by
leading shorts. Prices of cash corn declined
Vi to lc and much of the grain found re
luctant buyers. Final figures' on May were
c higher at 57 c.
.Trading in oats was active and prices were
governed malnlv bv the course of corn. The
May delivery ranged between 4074 c and41
41Tfec. The market rallied on the late bulge
in wheat and corn and closed near the hlgn
point, with prices unchanged to S1,4c higher.
Provisions Closed strong at the top. Final
quotations on May pork were up 35c at 924.30.
May lard closed 37i.c higher at 913.60 and
ribs at an advance of 2730c at 913.354?
13.37c.
WHEAT.
Open. High. Low. Close.
May $1.11 91.123s Sl-ll1 91-1-
July 1.05V- I.O514 1.044 I.0514
Sept 1.0134 1-02'A 1.01 VS 1-02
CORN.
May fiSVi '.5914 .57H .SS74
July fiO7, .filV2 .61 14
Sept 61 "1 .62 .61 U .62?,
OATS.
May .41U .41 vi .41 .41
July 395 .40 .3914 .S97
Sept ,37 i .3 7 .37 Vs .37
MESS PORK.
May 24.25
24.30 23.87U 24.30
4.3.". 23.95 24.35
23.97 H 23.47Vi 23.97V4
LARD.
July 24.25 .
Sept. 23.75
May 13.30 13.60 13.30 13.60
Julv 13.2214 13.2714 12.9714 13.224
Sept 13.12 ,4 13.15 12. 87 ,s 13.12 V4
SHORT RIBS.
May 13.1214 13.37H 13.12 V- 13.874
July 12.95 13.07 12 12. 1 o 13.0
Sept 12.Sfi 13.00 12.72 4 13.00
Cash quotations were as follows:
Flour Easy.
It ye N o. 2 , 7 9 ff S Oc.
Barl4y Feed or mixing, 43 49c; fair to
choice malting, 64 65c
Flax seed No. 1 South-western, 92.22; No.
1 Northwestern, $2.32.
Timothy seed 94.60.
Clover $12.50.
Mess pork, per barrel, $24.25 24.50.
Lard, per 1U0 pounds. 913.85.
Short ribs, sides (loose). $13S13.37Vi;
short clear sides (boxed), 914114.25.
Grain statistics:
Total clearances of wheat and flour were
equal to 128.000 bushels. Primary receipts
were 494.000 bushels, compared with 271,000
bushels. Estimated receipts for tomorrow:
Wheat, 10 cars; corn, 112 cars; oats, 99 cars;
hogs, 7000 head. f
R-eceipts. Shipments.
Flour, barrels 25.000 13,500
Wheat, bushels 18.000 11.400
Corn, bushels 118, 500 122.900
Oats, bushels 122.400 197.000
Rye, .bushels 1.000 1.000
Barley, bushels 64.500 2,000
Jraln and Produce at New York.
NEW YORK. April 7. Flour Quiet; re
cefpts, 29.S2S barrels; shipments, 1521 bar
rels. Wheat Spot, easy: No. 2 red. $1.22 nom
inal c. 1. f. : No. 1 Northern. 91-22V4 f. o.
b. opening navigation. Wheat was steady
early on short covering, then eased off un
der renewed liquidation on favorable crop
advices and easier cash markets, but rallied
later on covering for the Government report,
closing at He decline to ic net advarce.
May closed at 91.20 K ; July. 1.13 ; Sep
tember, 91.09. Receipts. 28.000 bushels;
shipments, 31,915 bushels.
Hops Easy; state common to choice, 10O9,
25 e '2Sc; 190S. nominal; Pacific Coast, 1009,
Hides; Firm.
Petroleum Steady.
Minneapolis Grain Market.
MINNEAPOLIS, April 7. Wheat Mav,
91. UU St 1.11 ; July. 91.11. Cash, No. 1
hard, 91.12 No. l Northern, $1.114
r 1.13; no. z, 9 i.ow r qj 1.11.
Flax Closed $L.,13.
Corn No. 3 yellow, 49 6T .12 c.
Oats No. 3 white. 38(g:49c.
Rye No. 2, 70g73c.
European Grain. Markets.
LONDON. April 7. Cargoes dull and Inac
tive. Walla Walla for shipment at 3a 3d to
S9s 63. fcnglisn country markets, some hieh-
er, eome lower; French country markets, firm.
LIVERPOOL, April 7. Wheat May, 7s
1 1 d : J uiy. 7 s ioa a ; uctaoer, 79 b i4 d.
earner, rain.
Grain at San Francisco.
SAN FRANCISCO, April 7. Wheat, weak
Barley, weak.
Spot quotations; Wheat Shipping, $1.75 3
1.S0.
Barley Feed, $1.22 1.25; brewing,
1.27U, to I..IO.
Oats Red, 91.401.50; white, 91-474
l..o. oiacK. nominal.
Callboard sales: Wheat No trading.
Barley May, $1.13L164 ; December,
91.12'a 1.13 fe.
Com Large yellow. 91-60 1.-65.
Grain Markets of the Northwest.
TACOMA. Wash.. April 7. Wheat Milling:
Bluestem, 91: club, 93c. Export: Bluestem,
nominal. 91.o5'l.o6; club, 95-ff96c; red Rus
sian, 93c.
SEATTLE. Wash.. April 7. Milling quota
tions: Bl uestem . $1 . 01 ; club. 97c ; fife, 97c ;
red Russian. 5c. Export wheat: Bluestem,
8c: club, 4c; fife, 94c; red Russian, 92c.
Yesterday's car receipts: Wheat 11 cars,
oats 4 cars, barley 4 cars.
STOCK MARKET IS IDLE
INSIGNIFICANT VOLUME OF
BUSINESS AT NEW YORK,
Wild Speculation in Rubber Shares
in 1-ontlon Causes Anxiety In
All Financial Centers.
NEW YORK. April 7. It was difficult
to extract any broadly significant conclu
sions from the meager happenings in the
stock market today. Absolute idleness is
the only term to describe th market at
times. From 1 to 2 o'clock only S00O shares
were dealt in. There were numerous inter
vals of five minutes or upward when not
a single transaction was made on the floor
of the Stock Exchange. The waiting atti
tude or the speculation is pronounced.
One of the repressive facts, the shadow
of a possibh? Supreme Court decision in the
American Tobacco case, looms to the pros
pect witn eacn approaen or Monday.
The London speculation in rubber shares
is contemplated with anxiety in all the
world s financial centers, and with a com
mon conviction that a collapse must ulti
mately result. Reports today that the ex
citement in these shares is spread tag to the
Paris market addled, to the interest of the
subject.
Expectations that the March statistics o
the Copper Producers Association may
prove uniavoraoie had a depressing Influ
ence on the copper industrials. Prediction;
of an increase In the United States Steel
dividend persisted, but were partly neutral
ized by the tone or reserve in the review
by the stoel trade organs.
The threat of a strike on the Delaware,
Bonds
Investments
Timber Lands
McGrath & Neuhausen Co.
701-2-3-4-5 Lews Bldg.
PORTLAND, - OREGON
Lackawanna & Western received considera
tion, in view of the wide prevalence of la
bor disputes.
Western Union was depressed specifically
by the official announcement of a policy of
restriction of dividend disbursements for a
policy of re-investment of earnings in Im
provements. Bonds were irregular. Total sales, par
value, $1,825,000. United States bonds wore
unchanged on call.
CLOSINO STOCK QUOTATIONS.
Closing1
Salea. High. Low. Bid.
AIlLn Chalmers ' pf 37 4
Amai topper .... it .yoo 4tti oh iOh
Am Agricultural 44
Am Luet Sugar .. 100 39 3S 38
American Can 11
Am. Car & Fuy .... 700 tM 04 4 6
Am Cotton Oil ., 3oO 67
Am Hd & Lt pf.. '2 37 37 37 14
Am ice isecuri oJi -j ib-i ZG'.t
Am Llneeed Oil l.lr
Am Locomotive . . 60O f3 52 02 L
Am Smelt Ref.. 10.600 82 b2 2'
do preferred ... ...... ..... .....
Am Steel'"" Fdy .... COO C7 f7 r7
Am suear Kef .. i i;i 1:: l'i
Am Tfl & Tel .... 700 130i 133 13.V
Am Tobacco pf . . t5
Am w ooien . . . 100 a an
Anaconda Mln Co. 1.50O 47 40:ii 4Vti
Atchison 3.200 113 113V 1134
CiO preferred ... 102 w
Atl Coast Line ... 200 12J 129 123
Bait & Ohio 200 lim 1IU4 1116
Bethlehem Steel 2iK 31 4 31 u 30
Brook Rap Tran. 14.5iO 77 7tf:u 77 'i
Canadian Pacific .. 4-0 lf2a 182 182V,
Central Leather . . oJO 41 :4 41 41
ao crererred . : ifiTu
Central of N J 2S5
cnes & Ohio .... 4.&K 80 u sna; wtu
Chicago & Alton sou
Chicago ;t w est 28'
do preferred . 54U
Chicago & N W 4if 1544 inn l.Vt
C, M & St Paul.. 3.400 142 142 142
C. C, C & St L Ki
Colo Fuel & Iron.. 100 40 40 3t78
Colo & Southern .. iiOL
Consolidated Gas.. l,SJO 142 141 4 141
v w n rroaucis ... nj 1 4 J '-s in
Del & Hudson .... lt 172I 172;, 172
D & R Grande ... 100 40 40 40
do preferred ... 500 7S 78 77
Distillers' Securi .. 7w 3.1 32 32
E-ri e 6 H 30 1. 34 2y "4
do 1st preferred. 5u0 4U 48 ; 48'
do 2d oreferred 37;
General Electric .. 3K jr.21 -l."iiv4 151
Gt Northern pf 3,000 137 135 Ts 13Vi
Gt Northern Ore H7JA
Illinois Central 50 139 1394 13U'.j
Interborough Met.. 4,200 22 22 22
do preferred . 4,4(!0 fiS 574 5 7 4
Inter Harvester ... I.ihiO fl't frji 1
Inter-Marine pf 300 li loy lf
int raper ....... . . 32
Int Pump 42-a
lowa central .... 200 3 w 2.: 2Hi
K C Southern ... 20 30 3t 34
do preferred loo tttl rttia:
Laclede Gas .... ni1
Louisville & Nah 100 lr.ui l.Vtli !."'
Minn at at iio u is . 2 v ;i4 33 i-j 3.;
M, St P & S S M. 100 13! 131 139
Mo. Kan & Texas 1,000 41 Vi 41 V4 41 14
ao preierrea 711,.
Missouri Pacific . . 1,300 6!-b 09 '-4 09 V
National Bcuit . . IOO 107 lo7 Hfi
National Lead 81 T4
Mex Nat Ry 2d Df 50 28 7 7- liR
N Y Central 1.700 123 ',4 122 1226
Norfolk & West.
1.300
4VK
2.7lO
1O0
9.300
4ob
104
70
13.",
3ft 1
136
102
43 i-i
"4oi
100
-7
"it
1(3
75
135
29j
lS"4i
10854
102
1
North American
7S
134
ISiii
102 i
Northern Pacinc
Pacific Mail .. M
Pennsylvania .....
People's Gas ....
P, C C '& St L...
Pittsburg Coal .
Pressed Steel Car.
300
42 t4
40 'i .
HiO'S,
37
81
4!i4
42 ii
Pullman Pol Car.
Ry Steel Spring ... 1O0
Reading 46,90
Republic Steel ... luO
. 4f"
lHTtlij
37 i
100
do preferred . .
Rock Island Co. . .
6.7O0
2,500
100
47
' 81
do preferred
StL & S F 2 pf.
4M
73.4
124
St L Southwestern
do preferred
Sloss-Sheffleld TOO
Southern Pacific . . 6.1 H
7R
124T
as
125T4
Southern Railway. 10O
do preferred
Tenn Copper
Texas & Pacific . . IOO
Tol. St L & West. 2.0O0
31
.11 '4
R'4
1SH !j
T
7
44 V3
sr. 14
12014
48 if,
MU,
21 '4
47
!..
73
4i
219. lM
31 14
00
185'
97
31 H
Union Pacific 36,400
18T.
97 14
78
44
do preferred ... 50O
U S Realty .
1O0
900
71,1W
600
2.600
1.7O0
300
l,3O0
7ft
441
84
12f
47'
r8a
211
40
65
72 14
4
shares.
U S Rubber .
U S Steel
84
do preferred . . .
Utah Copper ....
Va-Caro Chemical.
47
oSN
Wabash .
21
4614
49
do preferred ...
Western Md
W e st I n g ho use Elec
IOO
3" '0
western 1 nion ... iuo
Wheel & L Erie.. 200
724
4
Total sales for the day.
BONDS.
NEW YORK, April 7. Closing quotations:
JJ S ref 2r reg. .100N Y Cen gen 38 S9 H
do coupon . . . 1(H) Nor pac 3s....--72
U S 3s reg. . . .102 V .Nor Pac 4s 100
ao coupon . . . ivi yt 1. nion fac 4S..lou
TJ S new 4s reg.!14H!Wis Cen 4s 93
do coupon . . .114 Japanese 4s ..... 92
i-v Ar t r Am at ii
Dally Treasury Statement.
WASHINGTON, April 7. The condition of
me treasury at tne beginning of business
coo ay was as ioiiowb;
Trust funds
Gold coin 3S1. 820.809
Silver dollars 490. 473,000
Stiver dollars of 1890 3.7SG.0OO
Silver certificates outstanding.. 490,473,000
lienerai iunas
Standard sliver dollars in general
fund $ l,nl6.3B2
Current liabilities 103,239,009
worKing paiance in treasury
office 27.829.334
in banKs to creait or Treasurer
of the U. S 33.869.243
Subsidiary silver coin 21.643,88)
Minor coin 1.302.423
Total balance in general fund... 89,419,596
Money Exchange, Etc.
NKW iuKK. April 7. Money on
call firmer, tJqx per cent; ruling rate and clos
ing Dta, a; otierea at 3yt. ,
Time loans, stronger; 60 days, 4 per cent;
vu aays ana six. moiiiaa, per cent.
Prime mercantile paper 4 V; 'u 5 per cent.
Sterling exchange steady, with actual husl.
ness in bankers" bills at S4.8425rd4.8440 for
eo-aav onis, ana at 4.u tor oemanu.
Commercial bills $4.83 & 4.84.
Bar silver 52c.
LONDON, April 7- Bar silver steady, 24d
per ounce.
Money. 2Hf3i4 per cent.'
The rate of discount In the open market
for short bills is 3 13-16423 per cent; three
months bins. J l-i-wo-iCA per cent.
Oools for money, Sls.
- Consols for account. 81 .
SAN FRANCISCO. April 7. Silver bars,
02 c.
Mexican dollars, 47c.
Drafts, sight. 3c; telegraph. 6c.
Sterling, GO days. $4.87 to; Bight, $4.87
Metal Markets.
NEW YORK. April 7. The merket for
ntandard copper on the New York Metal Ex
change was dull today, with spot and forward
deliveries up to the end of July closing at
1 1 Tfi f?. 1 H Oc. The London market wn lnwpr.
but closed steady, wlt-h spot quoted at 58
and futures at rf9 Zs bd. Local dealers quoted
lake copper at 13.2o13.50c, electrolytic t 13
?'13.25c and casting at 12. 75 13c Arrivals
reported at N ew 1 orlc today were 225 tons.
Custom-house returns showed expora of IOO
tons, making 1400 so far this month.
Tin was dull. Soot. 32. 8 33.15c; April.
32.7533c; May. 33-'i3.12ic ; June and July.
33333.25c. The London market was higher,
with the tone Arm at 150 10s for spot and
152 12s 6d for futures.
Lead closed dull, with snot quoted at 4.40-5
4.4,"c New York end at 4.20'S4.25c Eaet St.
Louis. London was unchanged at 12 13s 9d.
Spelter was dull. Spot, 5.55'55-&&c New
Progress of the United Wireless Telegraph Co.
Home Office 42 Broadway, New York European Office 70 Cornhill, London .
ARE WE GROWING? READ THIS
EQUIPMENT JANUARY, 1909 APRIL, 1910
Steamship Companies . 31 100
Number. of Ships 113 319
Land Stations 41 105
Newspapers . . 4 10
Total 188 534
Not Including stations acquired by purchase, nor the equipments furnished to the United States or foreisn governments.
An increase in our equipment of almost 200 per cent in 15 months.
There's the reason the opportunity to buy
stock in this company is now offered to
you. It will cost you nothing to investigate.
ASSETS
Patents and Patent Rights
United Wireless Telegraph Co. stock in Treasury (Par).
Stocks and Bonds, other Companies (Book Value)
Factory Material on Hand
Factories and Equipments
Land Stations and Real Kstate (Sites)
Boat Stations and Contracts
Heal Kstate.
Office Furniture and Fixtures ...
Cash in Treasury and Treasury Agents
Bills and Accounts Receivable
LIABILITIES
Capital Stock, Authorized Issue
Bills and Accounts Payable (Current Monthly).
Surplus
C. C. WILSON. Pres.
PACIFIC COAST STATIONS HANDLED 132,477 COMMERCIAL MESSAGES BETWEEN MAY 1 AND
NOVEMBER 1, 1909.
Our income from Commercial Business is now in excess of $70,000.00 PER MONTH.
The Compulsory Wireless Bill now on the point of passage by Congress will affect 100,000 SHIPS AT 75 TO
. $100 PER MONTH RENTAL.
We have the factory facilities!
We have the only commercially successful system!
We have the organization and development!
What do YOU think about it?
Following telegrams received from United Wireless Telegraph Co., Head Office, New York: r :
APRIL 4, 1910.
Geo. H. Parker, 430 People's Bank Bldg., Seattle, Wash.
Just received from Galbraith London cable stating he had closed contract for nine ships of the Nelson
line; expecting seven more. w. A. DI BOLL, Treas.
New York, April 7.
F. S. Stewart, Portland, Or.:
Just received cable from London that contracts for six ships closed with Wilson Line. Equipping today
' steamship Idaho of that line, now in New York port. Now that ice is broken we look for heavy orders from
English lines. UNITED WIRELESS TEL. CO.
STOCK ADVANCES APRIL 1 1
For further particulars address F. S. Stewart, 410 Corbett Bldg., Portland, Or.
THINK QUICK AND ACT!
York and 5.37-2?i5-47c East St. Ioula. The
London market was unchanged at t'2'.i.
iron was unchanged at 51s 4 Mid. for Cleve
and warrants In London. Locally the market
was quiet. No. 1 found ry Northern. $18
r-io. 2 do.. 3i7.5if(jis; No. l Southern
and No. 1 Southern oft. ?1 7.r0(& 17.75.
BEEF PRICES WEAKENED
SEATTLE MARKET AVELL SUP
PLIED AND LOWER. .
Straw berries Are Too High to Move
Freely Kggs Firm and
Poultry Weaker.
SEATTLE. Wash.. April 7. f Special.)
Seattle dealers received their first straw
berries today. Three chests of Los Angeles 1
berries arived and sold at 25 cents a basket.
Five crates of Florins were held at So a
crate. The prices were so high that the
fruit did not move very briskly, although it
cleaned up. ,
A fresh car of tomatoes arrived, relieving-
th shortage. Eastern Washington as
paragus is now arriving In quantities. The
first straight car is due next week.
Eggs were firm at 27 cents. Poultry was
in better supply and veal receipts were ex
cessive. Beef prions have weakened, 11
cents now being about the best that can
be secured. Two carloads of California
dressed beef are here and are said to be
largely responsible for the present weak
ness. No changes in smoked meats are
contemplated. Corned beef is very scarce,
selling as high as 20 per barrel.
Bluestem wheat sold as low as 97 cents
today. Barley was a littte firmer at $23.50
to $24. The flour market Is Improving.
QUOTATIONS AT SAN FKANCISCO.
Price FoJ d for Produce In the Ba y City
Markets.
AN FRANCISCO. April 7. The follow
ing were the quotations in the produce mar
kets today:
M 11 lstuff s Bran, $26 27.30 ; middlings,
$32 &3i.
Vegetables Cucumbers. $1 ffft.fiO ; garlic,
3f5c; green peas, 2 Sj 3c ; string beans,
35c- asparagus. $11.25 per box.
Butter Fancy creamery, 27c ; creamery
seconds, 2vtc; fancy dairy. 25c.
Eggs Store. 2r,c ; fancy, 2nc.
Cheese New. 14 14ric; Young Americas,
151-& 16c.
Hay Wheat, $12 S 19.50; wheat and oats,
$1015: alfalfa. $S12; stock, $6U; straw,
per bale. 5070c
Hops 17iilSc per pound.
Wool Spring; Humboldt and Mendocino
16 15c; South plains and. San Joaquin, 89
10c.
Fruits Apples, choice, $ 1.25; common.
50cS$l; bananas. 75c If $3; limes, $3.506;
lemons, choice. $2 2-50: common, $1.259
1.75; oranges, navels, 1.252.50; pineapples,
$22.5.
Potatoes Oregon, Burbanks, 75c$l;
Falinas Burbanks, $1.25 1.4o; sweets, $2 &
2.50.
Receipts Flour. lfiOfi quarter sacks;
wheat. 14 centals; barley. 5140 centals;
oats, 3fW centals; corn, 25 centals; potatoes.
2520 sacks; middlings. 25 sacks; hay, 4i0
tons; wool, 542 bales; hides, 855.
Record Price for Chicken at Chicago.
CHICAGO. April 7. Chirkens sold at IDs
per pound on the South W-Mer-street market
today. Thia is the higher price ever- re
corded here in the history of the trade. John
Foley, a veteran trader, said:
"The scarcity of chickens this year has
been the talk of the trade. The only reaaon
for the fhrTaEe of poultry thnt T can .ve Is
& TRUST COMPANY
SAMUEL CONN ELL, President G. L. MacGIBBON, Cashier
CAPITAL, $150,000
Does a general banking business. Opens checking accounts without
limitation a3 to amount. Pays Interest on time and savings deposits.
COKiXER SIXTH AND OAK.
COMPARATIVE FINANCIAL STATEMENTS, 1908-1909
WE WILL BUY
any of the following noted Bonds:
OREGON WATER POWER & RAILWAY CO. 1ST 6s.
PORTLAND CITY & OREGON RAILWAY CO. 6s.
PORTLAND RAILWAY CO. 1ST AND REFUNDING 5s.
PORTLAND GENERAL ELECTRIC COMPANY 5s.
CITY & SUBURBAN 4s.
PORTLAND GAS COMPANY 1ST 6s.
PORTLAND IMPROVEMENT 6s.
PORTLAND RAILWAY, LIGHT & POWER CO. 5 PER CENT
COLLATERAL TRUST NOTES OF MAY, 1912.
and will be pleased to quote prices on the same, irrespective of
amount involved.
Holders of these and other approved securities, wishing to
realize at any time, are invited to communicate with us accordingly.
Chamber of
the high price of eggs. Poultry-raisers1 evi
dently think that it ia folly to market the hen
that lava the golden egg. However, buyers
seem almost as eager to take hold at the Uc
level as if prices were normal around 12 or
13c"
Many property owners
KNOW NOW
many will learn, that
BITUUTHIC
Pavement has more sta
bility, more real value
thanany other hard-surface
pavement laid.
PORTLAND, (OREGON.
Our plans are laid to more than double
our equipment in the next 12 months!
1!M3. 10O8. GAIX.
$ 5.005,100.00 $ 6,520,233.60
5,310.410.00 4. S23. 460.00
14,128.610.00 14.148.610.00 , ..
9,285.55 159.572.58 . isojjist ot
25.996.98 35.552.54 ..VUUUI
215.442.50 612,000.00 3JMl.-.7..(
287,500.00 817,000.00 r.'--H,MM OO
34.292.20 34,2.JiO
3.975.38 25.990.74 S2.l5.:t(l
109,400.70 317T44S.70 2U.S.04S.0O
176.498.04 105,786.77 ..
$25, 272.219.15 26. 599,947.13 l!.iT..l.tt5
$20, 000.000. 00 $20,000,000.00 .,
15,556.37 17,617.39
5,256.662.78 6,582,329.74
25,272,219.15 26,599.947.13 777777777777777.
irotlier
Commerce Building.
TRAVELKRS- GCTDK.
All Modem Safety Tevlces (Wireless, tc
LON DON PAKIS HAMBLKti
tKals Aug Vic. Apr. 16tAmerika April 30
Bluecher . . . .April 1 j'Prea. Grant. . . May 4
pres. Lincoln-April 23 Pennsy lvania. May 11
Cincinnati . .April 2C1Graf WalderseeMay i
Unexcelled Fiitz-Carlton a la Carte
Restaurant.
fHamburg direct. New.
ITALY
VIA CIBRALTAK,
KAP1.KS and
8. 8. MOLTKE April 19
S. 8. BATAV1A (Naples only) May S
S. 8. HAMBIKG May 1
Hamburg-American Iine,
160 Powell bu. Hun i'ranciMco. CaL
and Local R- 21. Asenta In Portland.
SAN lHANCI.srO & PORTLAND STEAM.
blUP COMPANY.
Only direct steamers and daylight sailings
From Ainsworth dock. Portland, y A. M.
8.8. Roue City, April 9, S3.
8.8. KansaK City, April 10, 30.
From Pier 40, San Francisco. 11 A. M.
8.8. KanitaH City. April 9, S3.
8.8. Kot Clt.v, April 10, 30, etc.
IA. J. KOCHE. C. T. A.. 142 Third St.
&lain 402. A 1402.
J. W. RANSOM. Dock A tent.
Ainsworth Uock. Main 203. A 1234.
SanFranciscoand Los Angelas Direct
North Pacinc S. S. Co.'m steamships Roan
oke and Elder sail alternately every Tues
day at 8 P. M.
B. S. Santa Clara sails for Eureka and
San Francisco March 2rt, April 0. 'SA, May 7,
21. at 4 P. M-, from Martin's Iock, foot oC
17tb st. Ticket office 2:t2 .id st. Phones M
1314; A 1314. H. YOUNG. A Rent.
COOS BAY LINE
The steamer RAMON A leaves Portland
every Wednesday, 8 P M. from Ainswortht
dock for North Bend, ftLarshf ield and Coos
Bay points. Freight received until tf p. Mv
on Cay of sailing. Paaionger fare, first
class, $10: second-class, T. including berth,
and meals. Inquire city ticket of He. Tnird
and 'Washington atreta or Ainswortn dockj
Phone Main 28