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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 20, 1910)
liEATTO BE. USED Market' Will Be Found for Stock Left in Northwest. SUPPLY NOT VERY HEAVY Opinion of T. H. AVUcox on the Pres ent Market and the Prospect for the Future Farmers Are Still Finn. A mai ket 11 be found for all the wheat left In the Northwest, according to T. B. Wilcox, president of the Portland Klour- n(f Mills Company, who says the supply iN-vaiiaDie is noi as larftd as some pc-upiv fvhlch have been sagging- for several weeks. fare now about at the bottom and that bur- hng will be resumed as soon as It is clear that the lowest limits have boen reached. Jn discussing the present market and the as M-Mnv cnl.t "The difficulty is that on a declining arket none will buy until he has to. hat was In excess of the value of the wheat nd out of line with all the markets of th-e ion of reaching the high prices of the ear before, when btuestem went to $1.23 d other wheats to $1.10 and $1.15; but txt no time has tho European market Just ified the extreme prices paid here. "As usual, when there la a reaction from extreme high prices, the fcandenoy Is to mo to extremely low prices. Whether the market has got to the bottom is difficult to tay, but prices are now down practically to where th9 market opened last Septem ber. European buyers anticipate lower prices but their prices today are fully as high as during September and October. "I do not Imagine any great amount of trheat is hold by farmers in the Northwest, ior do I find as much in the country as has been claimed by some experts. Esti mates of 10,000,000 or 12,000,000 bushels I consider excessive, the probable amount of vheat In th country being nearer half of that. "For ourselves, in view of the Knowledge that prices were excessive, we have bought little or none since January and have suf ficient wheat to carry us for the present. Prices cannot go down every day, how ever, and the limit must be reached even tually when buyers will take hold. 'At present we find little disposition on the part of farmers to sell, most of the Offerings being by speculators. "The recent chartering was for the pur pose of unloading speculative wheat and It did not represent recent buying. "As for the future of prices, the crop conditions in Europe are not particularly flattering. The great amount of wheat now coming out, due to tho opening of naviga tion of the Black Sea, has Increased ship ments somewhat, but I doubt if the volume can be maintained much longer. Unless wheat production tljis year promises to be considerably in excess of Iast season, and indicates that production has more than overtaken consumption. I do not see much likelihood of lower prices on the new crop than wheat will bring today. "It will be five months or more before new Wheat in the Northwest is fit for consump tion, and a great amount of wheat will be consumed in that time and wheat flour will te shipped to California and countries Urn ere consumption continues regardless of price. On the whole, prices have been too feigh for liberal exports to the Orient, where rice has been a much cheaper food and fn abundant supply. "There are no ships available now in Portland for exporting and so far as I know there is no demand for either wheat or h!ps wntk3 foreign buyers maintain their present attitude of abstention. "My European advices indicate that the Continent will have still to buy considerable fwheat, and letters today Indicate that the weakness abroad is due entirely to the de cline in American markets. I believe prices ftvill adjust themselves soon and that there tlll -toe a demand and market for what Is n the Northwest as wh?at or flour, and that the new crop -will be in demand at prices not materially below those that pre vailed this last year." FOREIGN HOP MARKET CONDITIONS. London Trade Ik Quiet, but Sale Are at Full Quotation. English market conditions are reported hy the Kentish Observer of April 1 as fol lows : "Trade in hops during end since the holi days has been very quiet, but any transac tions that take place are at full quotations. There Is now a rather better demand for Useful copper hops, but consumers seem Unwilling to pay the prices, which are com paratively high In. consequence of the small eupply. Continental hops are very scarce. end fully hold the highest quotations. American markets are unaltered." The latest trade reports of the English feop factors say in part: Wild. Nearao & Co., London Our mar ket generally is quiet, though buyers are ehowing rather more disposition, to trade, tnd further purchases for consumption have en effected during the past week. Manger & Henley, London The trado has been slow during the past week In conse quence of the holidays. Prices remain Steady. TV. H. A H. Le May, London There is G. little more Inquiry for 1909 English hops end some business has been done. Worcester There has boen very little do ing on the Worcester market since the holi days, but a few inquiries are now coming to hand. Any big rush of business would erlously embarrass merchants, so few hops a no there available. Forty-seven pockets new and a few 1907s were weighed on the publio scales -during the -week. Reports from the hopyards speak of weak roots and many dead stocks. LOCAL EiO MARKET IS SAGGING toultry Sella at Top 1'rLces Veal Is in Over-Supply. The egg market showed the same weak tone esterday that characterized It at the opening Of the week. Prices on the street ranged from 24 Mi to 23 cents. Poultry was in limited supply and the for tner high quotations were readily obtained. Butter was quoted steady by the city cream-' erlesi though on Front street there was weak fcesa in spot 9. The large shipment of cheese that left Til lamook Friday is slow in reaching1 thl mar Itet. When It arrives the market -will go to the 18H-cent level. Receipts of country dressed veal continue in excess of local needs, and the top price yes terday was only 10 cents. Pork holds firm, rhila lambs are barely tseady. C.OOD SUPPLY OF CALIFORNIA BERRIES Cr and a Half Reaches Front Street and Demand Is Active. Front street was well supplied with straw jwies yeMerday. Besides the express1 shlp . xnonts from Florin, which sold at $2.30-62.75 ' per orate, a full cr came from Ts Angeles srhtle 300 crate were taken for local dlstribu fetUuL.aut another Loe Angele car which, was bound for Seattle. The Lo Angeles fruit Bold at $l.5Srl.75 per crate. There was an active demand for berries and grood progress waa made in cleaning- up the large arivals. In other respects the fresh produce market was unchanged. Vegetables were in ample mipply and sold well at former quotations. SLOW TRADE IN GRAIN MARKET. Bluestem. Offered at 90 Cents Barley and Oat a Steady The local grain market continued dull yesterday. Barley and oats were steady in tone, but the feeling in wheat was weak, owing to offerings by dealers at a downward range of prices. Bluestem was said to be on the market at 90 cents, and it was re ported that a considerable quantity could be had at that figure. There was less pres sure to sell club wheat, however. Local receipts, in cars, were reported by the Merchant's Exchange as .follows: Wheat Barley Flour Oats Hay Mondav 234 9 9 6 Tuesday 16 .... 4 5 IS "Year ago 4 1 1 Season to date 9J19 1224 1K91 1278 22S1 Year ago .... 103.16 1496 1325 - 701 24J1 Bank Clearings. Bank clearings of the Northwestern cities vtfrdv were as follows ! Portland .. Seattle Tacoma . . . Spokane ... ..$1.7K(.70 9151.251 .. ,1O7.0r.3 318,44:! fi.lO o-i so Kvl 802,900 130,572 , PORTLAND MARKETS. Grain, Flour. Feed. Etc WHEAT Track prices: Blueptero, 00 02c; club, rS7c; red Russian, 5c; Valley, 00c. BARLEY Feed and brewing, $23.50 24."iO per ton. FLOUR Patents. $575 per barrel; straights, $4.755.50; export, $3 004.10; Valley, $5.00; graham, $5.K; whole wheat, quarters, $5.70. CORN Whole, $34; cracked. $35 per ton. HAY Track prices: Timothy, Willamette Valley. $20 & Zl per ton; Eastern Oregon, $2T24; alfalfa, $16.50 17.30; grain bay, $17 18. MILLSTUFFS Bran, $24 023 per ton; middlings. $33.50; shorts, $25026; rolled barley, $29.60 30.50. OATS No. 1 white. $27 028.50 per ton. Dairy and Country produce. BUTTE3R City creamery. extras, 33c ; fancy outside creamery, 32:g32o per lb. ; tore, 20c. (Butter fat prices average lo per pound under regular butter prices.) EGGS Fresh Oregon ranch, 2425G per dozen. CHEESE Full cream twins, 194c per pound; young Americas, 20 Va c PORK Fancy,, 1318a per pound. VEAL Fancy,' 9 '3'lOc. per pound. LAMBS Fancy. 12c per pound. POULTRY Hens, 20c; broilers, 27 2Sc ; ducks, 22 . ($ 2Hc ; geese. 12 c ; tur keys, live, 20)22c; dressed, 20c; squabs, $3 per dozen. Vegetables and Fruits. FRESH FRUITS Strawberries, Florin, $2. 50 (f 27-5 per crate; Los Angeles, $1.6o'3 1.75 per crate; apples, $l(r.S.50 per box; POTATOES Carload buying prices : Ore gon. 40(JI50e per hundred: new California, 6c per pound; sweet potatoes, 34 4c. VEGETABLES Artichokes. 75c $1 per doa; asparagus, 3& 5c; cabbage, $1 i 0 1 c per pound; cauliflower, &)0cft.$l per dozen; celery, $2 fci4 per crate; cucumbers. $1.25 6SS per dozen; head lettuce, 60fj)75c per aozen; nomouse lettuce, dOc&$L Dox; garlic, 10c pound ; horseradish, S 10c per pound; green onions, 15c per doxen; peas, 7?i 10c; peppers, 40c per pound; radishes, 80c per dozen; rhubarb, 3c per pound; spinach, $1 per hax ; sprouts. 9c per pound; tomatoes. $2.50fi;3.50 Tier crate. lemons, $24 ; grapefruit. $3.23 0 6 per TKUHCAL FRUITS Oranges, $2.25 2.73 box ; bananas, 4 y i per pound; t anger - niKs, j per dox, ONION'S Oregon, $1.73 per hundred. SACK VEGETABLES Turnips. $1 per sack ; rutabagas, $1 & 1.25 ; carrots. 85c & $1; beets, $10)1.23; parsnips, r.0j7oc BUTTER WORKING OFF LAltGE AIJHIVALiS AT SEATTLE ARE ABSORBED. Cheese and Eggs Pressing on Mar ket Stronger Keeling in Barley Trade. SEATTLE, Wash., April 10. (Special.) Two carload.1 of strawberries reached here this afternoon. The fruit wiil be held at about $2 a crate, if it comes out in good condition. About 150 crates arrived today and moved out in good shape. Walla Walla asparagus shipments were the heaviest of the season and prices declined. About the best that dealers could get was $1. lettuce was scarce and higher at $1.50311.75 for good hothouse stock. Two carloads of tomatoes arrived. Butter was steady. Rarjre quantities of but ter are arriving, but dealers declare it Is ab sorbed on arrival. Five hundred packages Df butter arrived on today's boat from San Francisco. Two carloads of cheese arrived today, adding to the already overloaded con dition of the market. Three carloads of eggs arrived. Kggs sire Juflt steady, with Oregon stock crowding onto this market. The only feature of the grain market was the stronger feeling in barley, which was not quoted below $24. SAN FKAN CISCO QUOTATIONS. Produce Prices Current In the Bay City Markets. -SAN FRANCISCO, - April 10. The follow ing prices were current in the produce mar kets today: ' v Butter Fancy creamery, 20 He; creamery seconds, 26c; fancy dairy, 25 c. Eggs Store, 23Hc; fancy j-anrh, 24c. Cheese New, 1313c; Young America, Poultry Roosters, old, $56; roosters, young, $84? lO;; broilers, small, $8. SO 4.50; broilers, large, $5 fryers, $7.5or)8; hens, 5.512; ducks, old, $6!& 7; ducks, young. $S0 9. Vegetables Hothouse cucumbers. G0c$l; garlic, 3&'5c; green peas, o34c; string beans. 15fti 25c; asparagus, $1 1.25; toma toes. $1.500 4; eggplant, 20- 30c. Fruit Apples, choice, $1.25; apples, com mon. C0ci$l; bananas, 75cg'$3; Mexican limes,' $5.506; California lemons, choice. $2(33; California lemons, common, $1.25 1.75; oranges, navels, $1&2.75; pineapples, $2.503.50. Potatoes Salinas Burbanks. $1.251?R5; sweets, nominal ; Oregon Burbanks. 75Jr 90o. Millstuffs Bran, $25!$ 27; middlings, $30 32, Hay Wheat, $12f2 1S.50;. wheat and oats, $104yl5; alfalfa, $s12; stock, $6&9; straw, per bale, B0 t 75c. Hops California crop, 16 17o. Receipts Flour, 1712 quarter sacks; bar ley, 3680 centals; oats, 25 centals; beans, B45 sacks; corn, 2S5 centals; potatoes, 24-KO sacks; bran. 50 sacks; middlings, 3M0 sacks; hay, 170 tons; wool, 209, barrels; hides, 605. Money Exchange, Ktc. NEW YORK, .April 19. Money on call steady, 2.(3 per cent; ruling rate and of fered at 2 3 per cent; dosing bid, 2 a4 per cent. Time loans very dull and heavy; 60 days, 3 4 per cent; 00 days and six months. 4i44 per cent. Sterling exchange strong, with actual busi ness In bankers' bills at $4.84354.8450 for 60-day bills and at $4.67SO for demand. Com mercial bills, $4.83 (&4.S4H-X Bar silver. 53fcc. ' Mexican dollars. 44c. Government bonds, steady; railroads, easy. LONDON, April 19. Bar silver, steady, 24 9-lGd per ounce. Money, HHfl'SH per cent. The rate of discount In the open mar ket for short bills is 3 per cent. The rate of discount in the open market for three months bills is 3 13-16 per cent. Consols for money, 81 ; do for account, SAN FRANCISCO. April 19. Sterling on London, 60 days, $4.64; sterling on Lon don, sight, $4.88. bllver bars, 53 3 c. Mexican dollars, 45o. Drafts, sight, 3 pea: cent; do telegraph. 6 per cent. New York Cottga Market. NEW YORK. April 10. Spot cotton closed quiet. JO point, higher. Mid-uplands, 15.150; do gulf. 1S.4ic; cales, 2300 baiei. Futures closed steady. April, 14.88c; May, 14.77c; June and July. 14.48c; August, 13.77c; September. 12:Src; October. 12.37c; Novem ber. 12.24c; December, 12.23c; January, 12.19c. Wool at St. Louis. ST. LOCI3. April 19. Wool, steady. Ter ritory and Western mediums. 2224c; line mgumiriH, xojo line alalia , THE MORNING OKEG ONI AN. WEDNESDAY, GAINS ARE NOT HELD Chicago Wheat Market Opens Strong, Closes Weak. OUTPOURING OF SUPPLIES Cash Houses and Elevator Concerns Are Heavy Sellers in Latter Part of Day Coarse Grains Lower, CHICAGO, April 13. Wheat prices started out strong today and closed weak, after the longs had hammered the bullfc into sub jection. In a milder measure, corn emu lated wheat, and in still narrower limits oats reflected the early advance and later decline of the other grains. Provisions ad vanced steadily, closing from 15c to COc up. A strong foreign market, -with Liverpool figures materially advanced, gave shorts an excuse to cover with the opening of the day, and heavy buying ran May up 1 c, while July and September took on a gain of about c Holders of cash wheat, to gether with elevator concerns, joined in gorging the market with offerings, and the bulls gave way. July sank by degrees from $1.01 74 1.02 to $1.0. and September shad ed down from $1.00 to 08c, while May tumbled from $1.08 tt, to $1.06. The close was weak, with July .c off at $1-K); September, down, at i8ic to 9&7c, and May c to c up, at $X.0 1.06 . Corn prices were inclined to firmness ear ly, buoyed up by the advancing tide of wheat, ank took on about c. Later 1n the day, when wheat was on the down grade, corn .sagged. May touching 5H c after having sold at 57 14 c The demand for rash corn was fair and prices .were steady. No. 2 yellow sold at 5Sc. Alt the futures closed weak, with May c off, at 50 c There was, a slackening of shipping de mand in oats. May moved between 41 4o and 4lc and closed weak- Final figures for the May delivery were 1ic lower, at 41 41 e. In provisions, pork was particularly ac tive and showed a net gain of from 47 c for September to 60e- for May. Lard and ribs were less forward and gained from 15c to 22 c. Closing figures for the May prod ucts were: Fork, 60c up at $21.25; lard, 20c higher at $12.05; ribs, 15c up at $12.02. Tho leading futures ranged as follows: WHEAT. Open. May 1.08i July l.OtVi ept...... 1.00 High. $1.08 Low. $1.06 '4 1.00 H .tlS---t Close. $1.0 1.00 .885, l.2 1.00 CORN. .57 H .60, .62 Va May. July Sept.... ... N57H .60ij .62 Ti .r.6H .6iH .60 .61 V OATS. .42 .42 .33 .38 MESS PORK. May. ... . Sept. ... . -39t4 .37 .371 May 21.00 July 21.15 Sept 20. SO 21.23 20.90 21.50 20.90 21.47 20.80 21.25 21.4214 21.37Vi 12.05 12.02 V4 12.07 12.02 11.95 11.92 LARD. 12.05 12.20 11.90 11.93 12.U5 11.S5 11.92 12.10 11.87 May. ... July Sept...... SHORT RIBS. May 11.92 12.02 11.90 July...... 11.75 11.95 11.75 Sept 11.72 11.97 11.72 Cash quotations were as follows: J-iour wean. Rye Xo. 2, 78c. - - Barley Feed or mixing, 43 50c: fair to cnoice malting. ttg,tc Timothy seed $4.60. Clovor $11.75. Pork. Mess, per barrel, $21.252 21.50. I I.ard Per 100 pounds. $12.03. Short ribs Sides (.loose), $11.77 O 12.15. Sides Short, clear (boxed), $1350ijl3.75. Grain statistics: . Total clearances of wheat and flour were equal to 17.3,000 bushels. Primary receipts wre 238.000 bushels, compared with 219,000 bushels the corresponding- day a year ago. The world's visible supply, as shown by Bradstreet's, increased 1.251,000 bushels Estimated receipts for tomorrow; Wheat, 1 cars; corn, to cars; oats, 124 cars; hugs. 18.000 head. Receipts. Flour, barrels .......... 17,400 Wheat, bushels ........ 23,200 Corn, bushels .......... 212.700 Oats, bushels ......... .308.400 Rye, bushels 3,000 Barley, bushels ........ 9,0OO Shipments. 10,600 50,800 276.000 99.000 2. 900 19,200 t Grain and IToduce at Xew York. NEW YORK. April 19. Flour easy, with a small trade. Spring patents. $5.35 5.50. Receipts, 21.5G5 barrels; shipments, 12,713 Darreis Wheat Spot weak. No. a red. $1.14 C. I. F.; -'No. 1 Northern, $1.16 v. Ov B. open ing navigation. Wheat options advanced early on short covering and firm cables, but statistics were bearish with favorable crop news and the market eased off and closed at gc net declines. Exporters took three loads. May. $1.13 1.14, closed $1.13; July. $1.0: September, tl.oeu Receipts. 93.600 bushels. Hops Easy. Hides Firm. t Petroleum Steady. Wool Quiet. Grain at Ban Francisco. PAJf "FRANCISCO, April' 19. Wheat, weak; barley, steady. Spot quotations: Wheat Shipping. $1.801.3. Barley Feed, $1,206 1.21!i ; brewing $1.25. Oats--Red, $1.35(811.40; white, $1.45g l.!2; black, nominal. Call board sales Wheat, no trading? ,t-- ley, October $1.13; corn, large yellow, $1.00 Minneapolis Grain Market. MINNEAPOLIS. April 10. May wheat, $1.05; July, $1.05H: September, 98c Cash. No. 1 hard. Jl.oay; No. 1 Northern $1,0841.07; No. 2, $1.041.0o; No. 3, $1.01 1.04 '4. Flax seed closed at $2.36. Corn No. 3. yellow, 49S'53ic. Oals No. 3. white, 38jj.37o. Rye No. 2, 70 to' 73 'Sic. Knrooeun Grain Markets. LONDON. April 10. Cargoes. a better feeling. Walla Walla lor shipment, 3d high er, 30s Sd, nominal. English country mar kets, quiets French country- markets, quiet. LIVERPOOL, April 19. Wheat May, Ts Bd; July 7s 7n October. Ts 8d. Weath er, cloudy. Grain Markets of the Northwest. TACOMA, April 19. Wheat Export blue- stem, 93c; club, bbc Milling bluestem, 94' 95c; club. 89 S 00c. SEATTLE. April 19. Milling quotations Bluestem, 9oc: club, 8Hc; fife, 89c: forty fold. 93c; red Russian. 89c. Export wheat Bluestem, 92c: club. Httc; fife. 88c; forty-fold. IKc; red Kussian. c. yesterday s car re ceipts Wheat, IS cisrs; oats, 11 cars; barley, 2 cars. Changes In Available Supplies. NEW YORK. April 19. Special cable and telegraphic advices to Bradstreet's show the following changes in visible supplies as com pared with previous account: Bushels. Wheat United States, east of Rockies, fn- i creased 176.000 Canada, decreased 225.000 Total, United States and Canada, decreased 49.000 Afloat for and in Europe, increased. 1,300,000 Total American and European sup ply, increased 1,231,000 Corn, United States and Canada, decreased 913,000 Oats. United States and Canada, de creased 409,000 Metal Markets. NEW . YORK. April 19. The market for standard copper on the New York Metal Exchange closed weak with spot quoted at 12.37 & 12.70c; April. 12.45 3 12,70c; May, 12.6012.70c; June and July, 12.85 (9 12.75c London market weak and lower; spot, 57 and futures, 57 18s 9d. Arrivals were re ported at New York of about 60 tons. Custom-house returns showed exports of 125 tons, making 7045 so far this month. Tocal dealers quote lake copper at 12.87 13.12c; electrolytic, 12.75 S 13.0OC, and cast ing at 12.60 12.75c. . Tin Dull. Spot. 32.97 !S'3S.02.c; April. 82.92 S31,Oac: Mar. 82.90 33.10o: June. Sa.e088J5 July, ea.97. S"83.10o. London market closed firm, with spot quoted et JE140 32s 6d and futures at 151 2s 6d. Lead Dull. Spot, 4.354.45c New York, and 4.20(&4.25c East St. Louis. London, un changed. 12 12a 6d. Spelter Dull. Spot, 5.30 5.60o New York, and at 5.25 5.37 c East St. Lou La. London lower at 22 7s 6d. The English iron market was lower at 50s id for Cleveland -warrants. Locally the market was quiet and unchanged. No. 1 foundry Northern, $181S.50; No. 2 North ern, $17.50018; No. 1 Southern and No. 1 Southern soft, $17.-50 17.75- Dried Fruit at New York. NEW YORK. Anril 19. Evaporated ap ples dull, desirable grades in small supply;' prices steady. Spot, fancy, lOc; choice, 8v Sc; prime, 6 7c; common to fair, 66c. Prunest quiet, easy. California up 3O-40S, 2 ?i -?i 0 H c ; Oregon, 50c. Apricots quiet and easy, new crop offer ings attracting little attention. Choice, 10 fa-11 c; extra choice, llf 11 c ; fancy, 12 12 e. Peaches dull and easy; considerable pres sure to sell. Choice. 6fc; extra choice, 6(h7c; fancy, 7f7c. Raisins steady, qult. Loose muscatels, 3(ftZc; choice to fancy seeded, 6SJ6c; seedless, 3 4c; London layers, $1.15 1.20. OF STEEL n STOCK MARKET DISTURBED BY HEAVY SEIiLIXG. Sttltl to Come From Insiders in Cor porution Copper Magnates Re turn to Secret Methods. NEW YORK, April 19. There was a lack of decisive tone in the stock market today, which reflected a good deal of uncertainty in the speculation. The market was not active, but importance was attached to come large Individual transactions, es pecially in united states steel. The selling of this stock by the Stock Exchange nrm which was revealed as the largest owner of record of th company's shares by the statement given out bv the corporation Itself yesterday gave rise to mucn comment. The influence was duo to tne widespread belief that the firm's hold ings represent the Interest of some of the so-called insiders in the corporation. The nuui-ce 01 tne selling was regarded none the less ominous. The effect was to give rike jo uoudis or tne accuracy of previous predictions of a coming increase in the divi dend. The rumor was given currency also that the quarterly statement of earnings to be published next Tnpsriav wmilri nrrive disappointing. it was reported that the publication of monthly statistics of copper production, de liveries and stocks would be abandoned and the Copper Producers' Association dis solved. The effect on sentiment was to suggest a return to secret methods and a feeling of distrust of the actual trade con ditions. A. denial of the report rallied the coppers. The volume of cold engagements for ex port proved somewhat disconcerting, the total rising to near the $5,000,000 mark, of which $3,000,000 was for London and $1, SoO.OOO for Brazil. The action of the money market offered no bar to the movement, the call loan rate ruling below 3 per cent. In London the money market showed the re lief caused by this movement of gold in the lowering of the private discount rate The prosecution of the cotton market pool has several phases in the Wall street view. A breaking up of the artificial conditions surrounding cotton and a price adjustment would be welcomed by the financial com munity. On the other hand, legal pro cedure against market operators in another commodity suggests analogies for the stock operator that fl.ro not grateful. None of the day's factors was constant in Its operations and prices ended the day a little changed. Bonds were easy. Total sales, par value, $1.7b5,0OO. United States bonds wen un changed on call. CLOSING STOCK QUOTATIONS. Closing Arils Chalmers pf 3VO 39 39 3S Amal Copper .... 29.800 77 75 77 Am Agricultural 46A Am Beet Sugar .. 2.3K 31i 39 aZ American Can .... 3IK) 11 11 n Am Car & Fdy .. 800 65 64 64 'i Am Cotton Oil . 87 ij Am Hd & Lt pf .. 500 38 37" 37(J Am Ice Securi ., 300 27 27 27 Am Linseed Oil 141 Am Locomotive 900 52 ' 51 6 ' Am Smelt & Ref 1,70 S4 83 84 do preferred ... 100 107 107 108 Am Steel Fdy f00 63 62 62 Am Sugar Ref , l.OOO 125 124 124 Rm Tel & Tel .... 1,000 138 137 137 Am Tobacco pf .. M0 97 97 96 Am Woolen loo 38 38 38 Anaconda Mln Co. C801) 47 46 46 Atchison 6,9iO 114 313 114 do preferred K0 K'2 102 102 Atl Coast Line ... 200 130 180 130 Bait & Ohio 15,500 111 111 11 1 Bethlehem Steel .... 30?J Brook Rap Trail. 17.900 81 8i 80 Canadian Pacific .. 8"0 183 183 I8.I14 Central Leather ... 4,300 45 44 45 do preferred ... loo 108 108 H1T Central of N J 3o Ches & Ohio .... 6.300 88 87 88'i Chicago & Alton ..... 54' Chicago dt West. 9l" 30 29 29 do preferred ... 10O 55 5i ' 54 Chicago X W ... l.lUX) 154 J54 1 54 C. M A St Paul .. BOO 144 142 143 C. C, C Bt L ... 1O0 87 87 86 Colo Fuel & Iron. 1.900 41 40 40 Consolidated Gas,, 2VtO 143 142 143 Corn Products ... 20 17 17 7 Del & Hudson ... -Too 174 173 173 D & R Grande . 5.2O0 44 42 43 do preferred ... 100 80 80 80 Distillers' Securi.. I.OIO 31 30 31 Erie 1.300 30 30 u SiVt lo 1st preferred. 2"0 48 4S 4SL . 0 1 . 1 . . .. .. . , .... J I'cciciiini. nr ;-;( General Electric .. IOO 151 151 JM Gt Northern pf 4.80O 139 138 139 'til Northern Ore .. 41 m 70 Qi'V, Illinois Centra! ... IOO 140 140 14!I Interoorough Met.. 18.900 23 22 23 do preferred ... 17.600 60 RRSi Ka;. Inter Harvester .. 5'iO 94 94 94V Int Paper ....... ..... 13 Int Pump 200 47 47 47 lowa central . 22 . do preferred ... loo 67 67 67 Laclede Gas .... 6j) 103 103 13 Louisville & Nash 7o0 150 150 150 -Minn & St Louis. 400 36 36 35 M. St P & S S M. 40O 139.74 139 J3 Mo. Kan & Texas 3.2UO 44 43 43 do preferred ..... 7;! 1., National Biscuit .. 2X 109 10a 109 Notional Lead ... 1,000 82 82 8' Mex Nat Ry 2d pf IOO 28 28 28 N Y Central 6,100 124 123 124 N Y. Ont & West MSi Norfolk & West.. 2.600 104 103 104 North American .. 77' Northern Paoifia .. 2.700 138 185 135 Paclfio Mail "tiu Pennsylvania ...J, 6,4H 137 136 136 People's Gas .... 6'0 111 111 111 P. C C & St L... 500 102 102- 102 oivn i il. ...... ..... ..... 4:4 Ry Steel Spring.. 491 Reading 69,800 167 165 166 Republic Steel 200 37 37 37i ' jiioiciieii . -. ...... ..... ..... 1 1 M I Rock Island Co .. 1-4,200 48 47 48 uu piitjrrea ... ii hi wtMj St L & S F 2 pf. 8o- M o0 50 Bt L Southwestern 300 80 30 30 Flcurs-Sheffield .... 20 77 77 T7l2 Southern Pacific .. 14.70O 128 127 128 couinern nauway. rr 7 28 do preferred ... 4o 64 64 64 Tenn Copper .... 200 31 31 81 ' Texas A Pacific.. 8o 33 32 3" Tol. St L & West. 200 43 43 43 do preferred ... 1,100 66 66 66 Union Pacific ... 6LI0O 187 186 187 do preferred ... 10O 97 97 97' U S Realtv . . IOO 78 78 78 IT S Rubber 100 44 44 43 U S 6teel ....... .161.100 86 85 86 do preferred ... I.S01) 121 120 121 Utah Copper .... 4.40 48 48 4s Va-Caro Chemical. 2.300 59 58 68 Wabash 700 22 22 22 do preferred ... 6.300 48 47 48 Western Md 2.2n0 48 48 47 WestiBghouse Eleo 40 68 66 66 Western Union ... 3X 72 71 72 Wheal & L Brie.. 200 4 4 4 Total sales for the day. 519.800 shares. BONDS. x NEW YORK, April 19. Closing quota tions: U. S. Ref. 2s reg.looiN Y C. gen. 3s 89 do coupon. ... 100 !N. P. 3a 72 U. S. lis reg 102N. P. 4s. ........ 100 do coupon. ... 102 U. P. 4s. ....... .100 U. S. new 4s reg.114 Wis. Cent. 4s... 93 do coupon. .. .114 tjapanese 4s..... 92. . & R. G. 43... 64l Iiily Treasury Statement. - WASHINGTON. April 19. The condition of the Treasury at the beginning of busi ness today was as follows: . Trust Funds Gold coin ...$S55.2RS.S69 Silver dollars 4S9.887.00O Silver dollars of 1890 3.871,000 Silver certificates outstanding.. 489.8S7,O0O General Fund Standard silver dollars In gen- '' eral fund 1.993.174 Current liabilities .' 102,498,901 Working balance In Treasury of fices 23,493,890 In banks to credit of Treasurer of the United States......... SA.431.801 Minor coin 1.238,424 Total baianca-tn. general fand.... 64,598,004) AI'KIL zu, laiu. Increase SHEEP SELL LOWER Sale Is Made at $5.75 at the Stockyards. TENDENCY IS DECLINING Good Lambs Move at $8 a Hundred. Hogs and Cattle Are Steady. Day's Arrivals Are . Not Large. x . Business fell oft at the stockyards yes terday because of the lighter offerings. In the active trading of the previous day. practically everything at the yards was cleaned up. The only development of im portance was the sale of a bunch of sheep at $3.75. This Is a considerable reduction from the prices lately ruling and Indicates the easing tendency of the sheep market. A small lot of lambs was rnoved at $8. the price that was paid at the last pre vious sale. A load of hogs brought $10.75. No cattle were disposed of yesterday, but the tone of the cattle market throughout remains steady. Receipts for the day were 08 cattle, T calves, 32 sheep and 142 hogs. Shippers of stock were: O. rx Jones, of Chico, Cal., two cars of cattle; D. Taylor, of Halsey, one car of sheep and hogs; J. S. Flint, of Junction City, one car of hogs, and Sen Howell. 20 cows and 7 calves, by boat. The day's sales were as follows: Weight. Price. 25 sheep 100 15.75 37 lambs 55 8.00 94 Jiobs 201 10.75 Prices quoted on the various classes of stock at the yards yesterday were as fol lows: CATTLE: Best steers. $6.76(8 7; fair to good steers, $636.50; strictly good cows. 3.756; fair to good cows, $5t5.50; light calves, $67; "heavy calvesc, $45; bulls, HS15.2S; stags, $4.50&.SO. SHEEP Best wethers, $06.5O: fair to good wethers, $5.SOigio.79 ; good lambs, $89. HOOS Top. $11.103 11,25; fair to good. $10 11. SSastern livestock Markets. CHICAGO. April 19. Cattle Receipts esti mated at 3O0O; market steady. Beeves. $3.ft0 4S8.50; Texas steers. $4.758"6.20; Western steers, $4.9o6.76; stockers and feeders, $3.7o 6.4"; cows- and heifers, $2.70$p7.2o; calves, $0.75f8.25. Hogs Receipts estimated at 13.000; market SOft35o lower. Light. $8.8O9.10; mixed. $8.80 69.10; heavy. $8.8oig9. lO: rough, 8-808.9O; good to choice heavy. $8.90(8 9.10; pigs. $8.60s 9.10; bulk of sales. $8.95&9.l5. Sheep Receipts estimated at 14,000; market 10c lower. Native, $4.6o8.80; Western. t;t 8.30: yearlings. $7.258. 76; lambs, native. $7.73 U'J.80; Western, $S10. KANSAS CITY, April 10. Cattle Receipts 10,000; market steady. Native steers. $6.75 8.40; cows and heifers, $3.753T.7o: stockera and feeders, $3.75Sr6.90: bulla, $4.2fti&.25; calves, $4fr8: Western steers, $68; Western cows, $4.2o$4.50. Hogs Receipts 1S.00O: market lS23c low er. Bulk of sales. $8.9099.15: heavy. $9.1o& 9.20: packers and butchers, $8.964j0.15; light, $8.7RigU; pigs. $8.2S8 75. Sheep Receipts 15,000; market lOo lower. Muttons, $258.60; lambs, $8.2569.90: fed Western wethers and yearlings, $769.25; fed Western ewes. $6.238-5. OMAHA. April 19. Cattle Receipts 40OO; market steady to strong. Native steers, $&3y $8; cows and heifers. $3.75(7; Western steers, $4(37.25: cows and heifers. $2.8u 6.SO; fanners, $2.75i?4.25; stockers and feed ers. $3.75&7.25: calves. $4.25S.25; bulls, stags, etc., $3.756.10. Hogs Receipts 78oO: market 20(9250 lower. Heavy. $8.9O9.0B: mixed, $8.858.90; light. $a7O8.90; pigs, $8&.50; bulk of sales, $8.83 68 90, Sheep Receipts 60OO; market slow to lOo lower. Tearllngs. $838.75; wethers. $7,609 8.35; ewes, $6.754r8; lambs, $9310. Coffee and Sugar. NEW YORK. April 19. Coffee closed quiet, Jint unchanged, to ft points lower. Sales. "Ti-iOO bags. Closing tilds: April and May, 6.?5c; June. 6.65c: July, 6.70c: Aug ust, fl.75c; September. Ootober and Novem ber. 6.80c; December. 6.850; January, 6.880; February. 6.90c; March. .93c. Spot quiet. Rio No. T. 8Vc; Santos No. 4, 94c Mild quiet. Cordova, H12 "4c Surnr Raw firm. Muscovado, ,R9 te.t. Bonds Investments Timber Lands McGrath & Neuhausen Co. 701-2-3-4-5 Lewis BUg. PORTLAND, - OREGON lumbermens National Bank CORNER FIFTH AND STARK STS. PORTLAND, OREGON The capital of the Lumbennens National Bank was increased on April 12, 1910, to $500,000 Deposits April 12, 1910. Deposits April 12, 1909. ,...$2.S06,328.83 1,726,888.63 ....$1,079,440.23 9 .-- THE UNITED STATES NATIONAL BANK PORTLAND. UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus ami Profits, $725,000.00 OFFICERS: 1. C AljrSWOIlTH, Frnldnt. II. W. SCHMGER, Cashier. It. LEA BARAKS, Vice-President. A. M. WIII6HT, Assistant Cashier. W. A. HOLT, Assistant. Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES OLDEST BANK ON THE PACIFIC COAST CAPITAL $1,000,000 SURPLUS and PROFITS $600,003 OFFICERS. W. M. IaID. President. EDW. COOKINGHAM, Vice-President W. H. DUNCKLET, Cashier. R. S. HOWARD, JR., AjLSt Cashier. L. W. IACD, Assistant Cashier. WALTER H. COOK. Ass't Cashier. Interest Paid on Savings Accounts and Certificates of Deposit We Issue Letters of Credit, Foreign Drafts, and Travelers CfcecTts AMERICAN BANK & TRUST COMPANY SAMUEL CONNELL, President C L. MacGIBBON, Cashier CAPITAL, $150,000 Does a general banking business. Opens checking; accounts without limitation as to amount. Fays Interest on time and savings deposits. CORNER SIXTH AND OAK. S.T-8.T7c: centrifugal, . test. 4.244.27o; molasses sugar, ,S9 test, 3.49 &.52C. Re fined steady. Crushed, 5.85c; granulated. 5.15c: powdered. L25c. Many property owners KNOW NOW many will learn, that BITULJTHIC Pavement has more sta bility, more real value than any other hard-surface pavement laid. CONSTRUCTION WORK ENGINEERING REPORTS IRRIGATION PROJECTS POWER PROJECTS NORTHWEST COMPANY Incorporated, 1018 Hoard of Trade BldfT-, Portland, Orrgos. 19 OREGON mm DIRECTORS. EDWARD COOKINGHAM. HENRY L. CORBETT. WILLIAM M. Ulia CHARLES E LA DO. J. WESLEY LADD. 6. B. LINTHICUM. FREDERIC B. PRATT. THEODORE B. WILCOX. PORTLAND, OREGOir. TRAVELERS' OITOK. All Modern 8sex De-rfoee (Wlralese. Ety LONDON PARIS HAMBTJBO aCin'nnatt An.t.llAMtaraf W'ld'reeaktar 1 tAmerlka Apr. 0iTK- Am Tie., .Mar tl Prea Qrant...Mar 4Bluechr ..Mar (Pennsylvania Mar HIDeotsohland. . .Mar SS TUnexcellad Rlts-Carltoa a la Carte Res taurui I ti amours; direct. "New. ITALY VIA OIBRALTAB. NAPLES audi GKNOA. b. MT4TIA (Maples enlrl. .....Mar ....Mar 1" S. &. HAMBllMi I. BV. MOLTKE. .Mar M Hamburs-American Line. ISO Powell Ht-, San Francisco, CaL and Local R. R. Agent, in Portland. San Francisco and Los Angeles Direct North Pacific 8. B. Co.'s steamships Hoanoke and Klder sail alternately every Tuesday at 8 P. M. S.S. Santa Clara satis for Eureka and Ban Francisco March 20, April 9. 23, May 7. 21. at P. M.. from Martin's Dock, foot oC 17th t. Ticket office 132 3d st. Phones M. 181; A 1314. H. YOUNG. Agent. SAN lHANaSCO A PORTTANn STEAM. (SKIP COMPANY. Only direct steamers and daylight sailings. From Alnsworth dock, Portland, 0 A. M 8.3. Rose City. Apr. 93. May 7. 8.8. Kansas City. Apr. 30. May 14. From Pier 40. San Francisco. 11 A. 2C S.S. Kansas City. Apr. 23. May 7. S.S. Rose City. Apr. 30, May 14. M. J. ROCHE. C. T. A.. 112 Third St! Main 40-J. A 1402. J. W. RANSOM, Dock A sent. AlnsTrorth Dock. Main 26S. A ly?. COOS BAY LINE The steamer RAMON A rraves Portland every Wednesday, S p. M . from Alnsworth dock for North Bend, Marshrleld and Coon Bay nointa Freight received until 6 P. M. on day of saillnir. Passenger fare, flrst clasa !0; second-class. 7. Including; Tbemli and meals. Inquire cify ticket office. Thlrf and Washinston UeeoeAlJU'tolldG'aw, a?JxonrJ4u. "