I
THE MORNING OREGOXIAJf, WEDNESDAY, MAY 4, 1910.
iO
-BEER TRADE
GROWS
But Hop Market Does Not
Show the Same Activity.
BREWERS USING RESERVES
i
Sales in Marcli "Were the Largest on
Record for That Montli Crop
Conditions in Europe.
Knglish Imports.
The brewery trade in the Vnited States
was never In a more prosperous condition
than now, judging from the returns ot the
March sales. The unofficial figures printed
a lew days ago showed a great gain In pro
duction. The oftleial figures were available
yesterday and showed the total output In the
Vnited States In Match to be 4,893.703 bar
rels. As compared -with the figures of
March. 10O9, this Is an Increase of 814,570
barrels, or over 22 per cent. The sales were
the largest on record for the month of
March. For the first Quarter of 101O, the In
crease over the erst quarter of 1909
1,090,215 barrels.
In spite of the heavy brewery trade, busi
ness In the hop market does not sho-w much
Improvement. It Is evident, that the brew
ers have made great Inroads on their re
serve stocks and It will occasion great sur
prise if prices are not favorably affected be
fore the Summer season has far advanced.
Even, now there Is a better general Inquiry
for hops and sales are being made by dealt
era at better prices than were obtainable
last montlu
Mail advices from England report the con
dition of the growing crop to be normal. On
the Continent, the crop Is said to be weak
and backward In some sections and unsatis
factory In other districts. The Watervllle
Times of April 20 said of the New York
crop:
"Tho growing crop has been dolne fir.ely
but whuther the frosts of last night have
done any damage to the young plants w
have not as yet learned. The vines were
farther advanced than In former years and
It Is to be expected that they will receive
e. few setbacks. There Is a little firmer
feeling here this week and a little more In
terest shown. OITers of 2oe have been made
and refused, growers holding anything; like
desirable goods not being willing to accept
anything lower than 23 cents at least. ."We
hear of offers being made growers here
abouts to contract their 1010 crop at 20
cents. This was also refused."
Imports of hops Into Great Britain from
September 1 to March 31 was 79,311 owt,
which compares with 141,924 cwt. In tfte
same period a year ago and 155.326 cwt. two
years ago. Imports into Kngland from
America alone from September 1 to April 10
were 43.040 cwt., compared with. 47.099 cwt.
1n the corresponding period a year aso and
60.12K cwt. two years ago.
Trades combing and clothing. 22 25c; light
fine. 1214c; heavy fine. 14320c; tub
washed, 196 36c
PORTLAND MARKETS.
Oram. Flour, Feed, Etc.
WHEAT Track prices: Bluestem, SS&
89c: club. S6c- red Russian. S5c: Valley. 87c
BARLEY Feed and brewing. 122&23 per
ton.
FLOUR patents. 13.55 - per " barrel:
straights. S4.30Sf315: export. 4: Valley,
6.B0; graham, ts.10; whole wheat, quarters,
5.30.
CORN Whole. $33: cracked. 34 per ton.
HAY Track prices: Timothy. Willamette
valley. sjotaL'l per ton; tasiern t.....
f22825; alfalfa, 1 10.50 17.0U ; grain bay.
MILLS TUFFS Bran. S21.50 per ton: mid
dlings. $31; shorts, 23.50g 24.50; rolled Oar
ley. 27.50'S 28.50.
OATS No. 1 white, $2727.50 per ton.
BREAK If! COPPERS
Greene Cananea. 7i'U. S. S M M. . 89H
Isle Rop Cop).. l:7 do. preferred. . . 4J
Kerr Lake...... 85 (Utah Oonsol. . . 1
Lake Copper.... f0ij 'Winona 6?t
La Salle Coper.. 11 (Wolverine 116
Miami Copper. . . 20
Has Adverse Effect on Gen
eral Stock Market.
THE" TECHNICAL POSITION
Vegetables and Fruit.
FRESH FRI'ITS Strawberries. Oregon.
10(&12VzC per pound; Florin, 50c $1.50 per
crate; LXs Angeles, yucia!--" per crave. Ma
ples, $1.30 per box; cherries, $1.75 2.25
per box.
POTATOE3 Carload buying prices: Ore
gon. 4050c per hundred; new California,
42.50-0.1.75 dot sack: sweet potatoes, 4c
VEGETABLES Artichokes, 60 & 73c per
dozen; asparagus. $1 ft 1.25 tier, box; cao
bage, 3c pound ; celery, $ 3.50(5 4 crate;
cucumbers. $1.7iQ&'2 per dozen ; head lettuce,
50&60c per dozen: hothouse lettuce. $lfz1.25
per box: trartic. 10'3 12.v.c pound: horserad
ish, 6'g3tc per pound; green onions. 15c per
cozen; peas, o woo; peppers. per ur.io .
radifihM 1 S(fi'n rir rinipiir rhubarb. 2 3)
2io per pound; spinach. S10c per pound;
tomatoes, S8-50 per box. ,
TROPICAL, FRTTITS Oranges. $2.25
8; temoni, $4&; grapefruit. $3.256 per
bx; bananas. 5i4o per pound; tangerines,
t1 r nr Vrw .
ONIONS Oreron $2 per hundred; Ber
muda. $22.25 per crate.
SACK VEGETABLES Rutabagas. $1.25
carrots, S&c&1; beets, $1.50; pars
nips, 75c 1-
WHBAT QHET, PRICKS nsTBASCED.
Undertone Is Steadier in View, of .Advances
Katt tnd Abroad.
The feeling in the local wheat market
showed a better undercurrent as a. result
of the Improvement In the foreign and East
ern markets. There was little or no trad-
Ing, however, cither here or In the country,
prices were unchanged.
. Foreign wheat crop conditions aro report
ed by tho Liverpool Corn Trade News aa fol
lows : ,
Vnited Kingdom The outlook for the
"Winter crops is improving as a result of
more favorable weather conditions. The
(Spring crops are making a good start. .The
weather Is rather cold
France The crops have shown a further
Improvement during the week as a result of
favorable weat her conditions. The -weather
conl inues favorable. Supplies are showing;
some increase.
Germany The crop outlook continues fa
vorable. Supplies are rather small. The
weather continues favorable for the growing
crop.
Roumania The crop outlook continues fa
vorable as a result of beneficial rains and
sU ready contracts are being made for the
new crop. The weather is very favorable.
Austria -Hungary. Turkey and Italy The
outlook for the new crop is on the whole
good. The weather Is favorable.
Srrvln The recent floods have caused
imirh damage.
Spain Tho crop outlook continues favor
able and harvest results are expected to
show a -fair crop. There are at present fair
(purchasi's of foreign wheat being made to
supply Immediate requirements. Ihe weath
er Is dry and hot.
Australia The weather Is very ary and
liot. and rain Is needed to place the soil In
condition for plowing. Farm work is being
bindered by the dry weather.
India Indications point to an exportable
surplus of between 44.0O,,000 and 52.000.000
bu.shels ;for the srasonending July 5tl. 19Gf,
this country shipped 27,7tS0.Ot0 bushels).
Argentina Freight engagements indicate
that the shipments ne very small this
week and for the remainder of the season.
Local receipts, in cars, were reported by
the Merchants' Kxchanse as follows:
Wheat. .Barley. Flour. Oats H ay.
Dairy and Country Produce.
BUTTER City creamery. extras, 27c;
fancy outside creamery, 2527o per pound;
store, 20c. (Butter fat prices average
per pound under regular butter prices. )
EGGS .Freeh. Oregon- ranch, . 23&Z4c P"
dozen.
CHEESE Full cream twins, 1616o
per dozen.
PORK Fancy, IS'aiSc per pound.
VEAL -Fancy, lltollc per pound.
LAMBS Fancy, 10-&12C per pound.
POULTRY Hens, 21c; broilers. 3ifflSSc;
d ucks, 22 y ft 2;tc : geese. 12 c : turkeys.
35c; ducks. 22 ffr 23r; geese, 12c; turkeys,
Easier Tone of the Call Money Mar
ket Proposed Railroad legis
lation Freight Rates May
Xot Be Raised.
NEW YORK, May 3. Stocks rebounded
today from the depression which has been
forcing them to lower-price levels, but the
relfef proved only temporary, a break In
the coppers causing acute weakness again.
Apparently the principal relieving factor
was found In the money market, where call
loans opened at 4 per cent, compared
w.Ith the '6 per cent opening rate yesterday
morning.
Another influence was the surprise felt
over the small effect of the large payments
made yesterday' for the cotton accepted by
purchasers in compMance with the nBTtces
from sellers last Friday to the amount of
li 5,000 bales. This requirement for nearly
13,00Ot000 must have been financed mainly
elsewhere than In Xew York, presumably
In , Chicago and In New Orle'ans, and In
the latter case, ultimately In Paris. Today
235,000 bales of cotton were in warehouses
In New York, compared with only 87,000
Wales at this time last year.
The poor holding power on the advance
manifested by the stock market may have
been due in part to the strained and artificial
situation in the cotton trade. Call money
also rose to 5 per cent before the close.
The irregular tone developed in the lat-
Money Exchange, Etc.
NEW YORK. Var a. Prim mercantile
ft.O;C5tnH, ;6 a.. ! lOSCt aon naoa ao
paper, per cent.
sterung exchange easy, with actual ousir
ness In bankers' bills at $4.S435g4.8450 for
GO-dav bills, and t S4.S740 for demand.
i Commercial bills. $4.83 & ;4.S44-
xar silver, o-tc
JMexican dollars, 44c.
Bonds Governments steady: railroads ir
regular.
Money on call firm. 4 tfi 5 per cent: rul
ing rate. 4 hi per cent ; closing bid, 5 per
cent; offered at 5M; per cent.
Time loans verv Hull pnri soft: 60 dlvs. 4'S
per cent; H days. 4 per cent; six
montns, 4f4 per cent.
PAN FRANCISCO Mnv ' 3. Sterling on
London, ttO davs fi - ster liner on Lon-
i don. eight, S4.87i-
Silver bars. 54 c.
Mexican dollars. 45c.
Drafts Sight, par; telegraph,
LONDON". March 3 Rar t liver, steady;
24 7A- d per ounce.
Money, iiwit per cent.
The rate of discount in the open market
for short bills is 3 per cent. ,
The rate of discount in the open market
for three months' bills is 3 per cent.
.onsois ior money. ti 4 : consols ror ac
count vJune), Sl1,.
Iaily Treasury Statement.
' VVASHINGTONr Mav 3. The condition ot
the Treasury at the onenintr of business to
day was as follows :
Trust -funds
Gold, coin ....-.- .$S50,227,$9
Silver dollars 400.083,000
Silver dollars of lftftft 3.75O.O00
Silver certificates outstanding.... 49O.OS3.O00
general iuna
Standard silver dollars In gen
eral fund
Current liabilities
'Working' balance in Treasury of-
DCW
In ba nks to credit of Treasurer
of the "United States. ........ .
Subsidiary sliver coin
Minor coin
Total balance In general fund
1,802,908
107.02S.414
22.327,833
fl,01.27
21,647.978
1,143,437
82,126.900
1lva 20 O 22c; dressed, 25c; sauabs, Z per tor market found some explanation in the
dozen.
Hops. Wool, Hides, Kto.
HOPS 1909 crop, 12 fw 16c. according to
quality: olds, nominal: 1910 contracts, nominal.
WOOL Eastern Oregon. 14170 pound;
Valley, 18 21c per pound.
MOHAIR Choice. 31 (S 32c per pound.
r,ArA'RA TiiTiTf 1 u. ifr Rr rer pound-
HID3S Dry hides. 16 17c per pound;
dry kip. 1 6 1 7 hi c per pound; dry calf
skin, 13 21c per pound; saitea niaes, stty
8 He; salted calfskin. 15c per pound; green.
10 lesa
confused views entertained of the technical
position. Some pains were taken to spread
the impression that important Inside
terests In the great corporations had set
about rebuylng stocks sold at a higher
leveL This was done by the Insinuation
that large amounts of stocks which had
been returned to lenders represented the
process, the stocks having been borroAved
for delivery to conceal the origin of the
selling at the higher levels.
The eomproxni&es proposed, in the rail
road legislation now before Congress were
regarded. In the first view, aa a possible
presage of the defeat of the whole pro
gramme of amendment to the Interstate
commerce law. Revised estimate of the
proceedings seemed to accept them i as a
strengthening of the radical forces work
ing against corporations.
The public reception accorded to the pro
posed advances in railroad rates was not
relished in the stock market. Fears were
engendered that the movement would arouse
an agitation that might embarrass this ln-
Ivow Temperature or Drouth In lost j bursement of the increases in cost of oper
ation tney are complaining of.
OFFERINGS ARE LIGHT
BUSINESS SIXW AT THE UNION
STOCK YARDS.
HOT GOOD FOR CROPS
WEATHER IX PAST WEEK
MIGHT HAVE BEEN BETTER,
of the Agricultural -Sections
of the West.
WASHINGTON. May 8. Weather condi
tions throughout the country during the
week ending yesterday were not as favor
able for the crops as they might have been,
according to the weekly weather report of
the Weather Bureau, which says:
"A general summary of the weather for
the weak indicates rather 'unfavorable con
ditions throughout the great agricultural
districts. Over the northern portions of
the Mississippi and Ohio Valleys there was
much cold, and cloudy weather. This, how
ever, was somewhat beneficial in modifying
the effects of the severe cold of the pre
ceding week. The latter part of the week
was more favorable and vegetation Is i
recovering somewhat from the previous ad
verse conditions.
"Over the cot ton-growing statea east of
the Mississippi River much damage was
done by unprecedented cold of the first of
the week. There was an abundance of
sunshine, but an almost entire absence of
precipitation, except over the more east
ern districts, and rain is generally needed.
"In Texas and the remaining cotton dis
tricts of the Mississippi, the tempefature
conditions were more favorable, although
severe frost occurred In Arkansas and. East
em Oklahoma. Tho re was an entire ab
sence of rain, however, and high wind and
sunshine rapidly evaporated the moisture
from the soil.
'"In the Great Plains regions, the weather
in the first part of tho week was favorable,
although generally too dry. In the Moun
tain. Plateau and Pacltlc - Coast districts.
warm and coftl weather alternate with an
occasional frost, but no great damage ap
pears to have occurred. Good rain oc
curred locally In portions of the Central
and Northern districts, but in the Southern
portions dry weather prevailed. The snow-
flakes melted rapidly and good volumes of
water were being carried in most of the
streams of those districts."
The wavering hesitation of the speculation
On J V no.AfiPri thA IntM lilmn in tho nn-nrmrm
to turn the whole market downward again.
Reports of wide concessions in the Belling
price of copper were the grounds for the
drop in these stocks. -
Bonds were irregular. Total sales, par
value, $7,61d,000. United States bonds were
unchanged on calL
CLOSING STOCK QUOTATIONS.
Sale.q.
AllL Chalmers pf . :2oo
72.6oO
200
900
4
li'O
3.40O
20O
200
I11O
1.400
6.50O
2. SCO
6,400
Monday .
Tuesday 1 t
Year ago 12
Feason to date. 04 J
Year ago 1 0:190
1C47
1.-17
10
o
14
ior.::
1404
1315
786
10
2
2422
2. via
sTRAWRFKRIES ARK CHEAP FOOD.
Market Ov-rfokel and l ikely to Be So
Throughout the Week.
The wholale fruitmen had a bad day
with strawberries yesterday. The supply
would have been too large even had the
'weather been good. As a nesult of the con
ditions, a Inrge part of the receipts re
carried over. Orv-gon berries sold at 10 to
12H cents a pound. Newcastle and Florln
stock sold as low as 50 cents a crate for
Jessies, while rollars brought $1.25 to $1.60.
Xrfts Angeles berries, of which a full car ar
rived, sold at 90 cents to $1.25 a crate.
Big stocks and low prices will undoubt
edly be tb rule this week, as a large num
tter of cars of California berries are in
transit or ordered. Shippers in some of the
California sections are forcing their berries
on Portland In order to protect their own
markets. It looks now as if berries would
be cheaper the latter part of this week
than at any time this season.
There were fair receipts of cherries, in
cluding some fine Tartaralns, from Northern
California, which were quoted at 52 cents
a pound.
The street was overstocked with head
lettuce, which sold as low as 50 cents.
Bermuda onions were plentiful but were
firm on strong California reports. Old Ore
gon onions are about gone. Three cars of
cabbage are due later in the week.
New potatoes are weaker, selling as low
as $2 50. Prices in California are down
nearly to the Quotation of old potatoes.
Largo shlpmonts are reported to be en
route.
Bank Cleanings.
Bank clearings of the Northwestern cities
Yesterday were as ioiiows :
Clearings. Balances.
port Tana l. PI 7.374 2Ol.T70
Seattle 2.2.Vt.M2 223. 4S
Tacouia 2.T4rt.245 117,6."8
Spokane m;s.i-9 101,000
F.gg Receipt Clean lp.
The egg trade continued slow, but re
ceipts cleaned up fairly well. Sales of
round lots were mad-a at 23 nd !3H cents,
poultry and dressed meats were firm and
unchanged.
Butter was steady, with an active de
mand. Chsse was weak, some handlers
quoting flats at 16 cents.
V Wool U
ST. LXULS. May U.-
St- Louis.
-Wool aicady;
.medium.
BERRY MARKET BROKEN
SALES MADE AS WW AS 2 5
CEXTS A ORATE AT SEATTLE.
Supply Is Far in Excess of the De
mand Carload of AValla Wal
la. Aspararn9 Burned.
SEATTLE. Wash.. May 3, (Special)
With xrhat berries were not -wanted at Port
land dumped onto this market today, to
gether -with the recular supply, commission
men could hardly be expected to cope suc
cessfully with the 6271 crates that were ot
tered. The demand for good stoclt was
brisk, tut inferior stock sold as low as 20
cents. Extra rancy xrun commanded
hiKh as $1.75.
There has been another advance on or
anfres. the rst small sizes now being "held
as hiKh as $U.7K.
The first California red onions arrived to
day by boat. They were quoted at
crate. Asparagus was firmer and in some
cases higher than yesterday. An entire car
load of Walla Walla asparagus en route to
Seattle was destroyed by fire.
New potatoes were lower, at 3 cents. The
first Summer squash of the season was of.
ferexl at IO cents.
Butter was weak all day. even at the de
cent price rut out by many firms today.
although the exchange quotation was held at
SO cents. ERgi were steady at 2"!ft2Sc. with
the bulk of sales at the low price. Cheese
was weak. Veal was steady. ancT poultry
nrm.
Wheat was firmer, with no sales of blue-
stem below S8 cents. Considerable Califor
nia alfalfa is arriving, but is In light de
mand. Mdre oats are available than can
be used- Up-Sound growers are' offering
freely ax
Amal Copper
Am Agricultural ..
Am tieet Kupar ..
American Can . . .
Am Car & Poun . .
Am Cotton Oil . . .
Am Hd & Lt pf.
Am Ice BeourJ ..
Am Linseed Oil. .
Am Locomotive
Am Smelt & Ref. 32. 200
do preferred ... 200
Am Steel Fdy .... 100
Am Sugar Ref ... 3
Am Tel & Tel 1.50O
Am Tobacco pf . . ......
Am woolen . . 1,JCK
Anaconda ilin Co, 3,8u0
A.tchison 16,000
do preferred . &X)
Atl Coast Line ... 3u0
lialt & Ohio 3.9U0
Hethlehcm Kteel
Brook Rap" Tran..
Canadian Pacific . .
Central Leather
do preferred ... ......
Central of N J
Ches & Ohio 4,600
Chicago & Alton.. 20O
Chicago Gt Wii. 2f0
do preferred . . . 20O
Chicago & X V ... 500
C. il &. St Paul.. 10,100
C. C. C &. St L. ll'M
Colo Fuel & Iron. . 200
Colo & Southern .. 1,000
Consolidated Gas..
Corn Products .
1 el & Hudson . .
1 & R Grande ...
do preferred . . .
Distillers' SeourL..
Erie
do 1st preferred,
do 2d preferred .
General Electric ..
Gt Northern pf ...
Gt Jsortnem ore ..
Illinois Central ...
Interborough Met..
do preferred ...
Inter Harvester . .
Inter Marine pf. ..
Int Paper . ....
Int Pump ........
Iowa Central ....
K O Southern ...
do preferred ...
Laclede Gas
Louisville & Xash
Minn & 6t Loufe.
M. St P & S S M.
Mo. Kan & Texas
do preferred
Missouri Pacific
National Biscuit
National Lead
Mex Nat to id pf
N Y Central
X Y. Out & West.
Norfolk & West..
North American . .
Northern Pacific . .
High.
32
66
35 1
8vs
57 li
32
24 U,
12-U
47
76
103Vi
67ii
121
13414
"32
40U.
107 1
102
122
109
76
184
u4
Closing
Ijow.. (id.
32
6.1 M,
m
85
7i
62
32
24
12
45f(,
T
103
67H
120
133r
"32H
38
105
102
41 Vi
107
73
18-5
8Vs
3.3U0
600
200
600
3"0
800
2,800
300
30O
3K
6.f400
1,000
400
4.&O0
5.7O0
2O0
2X)
1,500
100
300
4X
2i
200
bco
"1,066
8,000
100
600
H66
700
7.100
. 500
-I, lOO
400
10.200
ICO
23. 300
1.600
I.OOO
300
300
2CO
2iV
8SJ
48
26
SH
148 'A
137
81
3i14
58 hi
133
1
16SH
38
78
2J
274
43
35
146
133,
62
134
lT4
63
9014
Pacific Mail ..
Pennsylvania
People's Gas .....
P. C C & St L.
Pittsburg Coal .
Pressed Steel Car.
Pullman Pal Car.
Rv Steel Spring...
P.eartinsr 111.700
Republic Steel . oO
do preferred; -. lw
Rock Inland Co.. 8,500
do preferred .
St I & S f 2 pf. l.ono
St 1a Southwestern 700
do preferred
Southern Paciflo .. 34.700
Southern Railway.
do - preferred 3'K
Tenn Copper .- l.OoO
Texas & Pacific.. l."o
Tol. St Tj & West. 2X
do preferred ... 400
LTiion Pacific 8T.700
do preferred ... '"O
IJ B Realty 100
TJ S Rubber 1.200
U S Steel 103.6O0
42i
32 li
64 14
IOOI4
143
13614
4o is
9
07
28;
118'
42
100
70
128
26
131
107
90
18
37
162
37
lf
32
43
45
27
71
46
26
49
147
135
81
3o
571
18li
14
168
37
77
29
2V
43
84
146
131
61
132
19
51
89
16
10
42
16
Sl
64
99
142
i35
39
69
a
72
2S
117
41
99
70
128
25
130
105
8
17
36
lo
37
153
32
96
41
"44
27
do preferred
Utah Copper
Va-Caro CaemlcaX
Wabafih
do preferred
Western Md
Weaitnghotise Eleo
Western Union . . -
Wheel A L Brie..
120
2.-.
59
3oa;
39
64
178
93
73
39
So
118
42
117
24
69
25
30
39
64
175
94
73
38
78
117
40
55
18V
40
42
62
67
3
32
64
41
35
8
65
62
21
2.1
13
45
74
103
56
120
133
94
3:
38
106
-IOZ
121
108
27
74
39
100
295
71
26
49
l-ii
135
en
35
130
.14
Itti
37
78
29
26
41,
33
145'
131
61
132
19
51
89
16
11
42
. 19
31
64
99
142
32
135
39
68
66
106
72
28
117V
41
99 -70
126
26
13f
105
99
17
36
161
37W
153
32
96
41
43
26
Tl
118
25
30
3
64
176
94
37
79
117
55
18
4o
4i.
61
Big Shipment at California Cattle
Due Today Market Is
1
Steady In All Lines.
Tradje was slow at the stockyards yester
day because of the lack of offerings. Twelve
cars of cattle came In from -Eastern Ore
gon in the forenoon, but- were sent on to
the Sound. A car of valley cattle and
calves arrived late in the day. A large
shipment of 25 cars of California cattle are
In transit and AreVexpected to arrive this
morning. A shipment- of several hundred
head of sheep are also due today.
Says the Mitchell Sentinel: "The flock-
masters in this part of Wheeler County
-wear an unusually broad smile this Spring. -
as the lambing season has been extra gooa.
Ninety to 100 per cent is about the usual
average from the best Information we can
o sales were reported at the stock
yards yesterday. The receipts were 809 cat
tle and 9 calves. The shippers were c. s.
Walker, of Huntington, 12 cars of cattle,
and S. S. Folsom, of Albany, one car of
cattlo and calves.
Prices quoted on the various classes Pf
stock at the yards yesterday were as fol
lows :
Beef steers, hay fed. good to
Choice -. S 6.rU
Beef steers, fair to medium.. 5.00t 6.50
Cows and helfera, good to
choice 5.4u3 5.50
Cows and heifers, fair to
medium 4.25 tm 4.75
Bulls 8.50a 4.50
Stags 5.00 (0 6.50
Calves, light ................ . 6.00& 7.00
Calves, heavy ............... 4.50&) 5.30
Hogs, top .....10.00 10.65
nogs, fair to medium ....... 9.50C(i) 9.75
Sheep, best wethers 5.25 $ 5.75
Sheep, fair to good wethers... 4.75(fi 5.25
Sheep, best ewes 4.75rr 6.25
Lambs, choice 7.00$ 8.0 0
Lambs, lair 6.50 w 7.00
THREE-CENT GAIN
Sharp . Advance in Wheat in
Chicago Pit.
DUE TO A CROP SCARE
Have
Hessian Flies Reported to
Damaged Grain in Ohio,
diana, .Illinois and Tennes
see Shorts Run to Cover,
CHICAGO. May 3. -The gaz of tho wheat
speculators turned eastward today. Ohio,
Indiana, Illinois and Tennessee had far more
of interest for the time being than the West.
Hessian flies and crop damage reports from
the statea. named almost monopolized atten
tion, during the last half of the day. In
consequence, the market closed firm and
within c of the top figure of the day with
a net gain of 1 to S cents, the latter for
the May option. Corn, finished to up,
oats a shade higher.
An exhibition of great strength was wit
nessed In the wheat pit, although the day
started tame and uncertain. Almost entire
absence of selling pressure near the start
made an advance comparatively easy, but
soon two big commission houses offered
wheat freely and, there was a quick setback.
Leading longs helped a rise and apparently
caused some covering by a few of the
larger shorts among elevator concerns and
speculators., one operator buying 2,000,000
bushels. There was some good sized pur
chases based on the theory that May is
usually a month of crop scares. September
opened unchanged to c lower at $1.01 H
to $1.01. advanced to $1.01. declined t to
(1.01. rose rather violently to $1.02, and
closed lc up at $1.02.
A modest advance was scored in corn, with
the May option climbing more than the dis
tant months. Cash corn was firm and
hlg-her. No. 2 yellow sold at 62 Vi GKc.
Oats were comparatively weak. Septem
ber closed steady at 3&c, a net loss of
H c
Provisions recorded an all around advance.
Pork finished l015o up. lard 17&20c to
85 o higher and ribs 12 Vs to 12V&&15C ad
vance. The leading futures ranged as follows:
vvhIoat.
May..-, .
July
Kept. . .
Open. High.
Jl.OS'g $1.11
1.02 1.0 4ii
. 1.1)1 1.02
corn:
Dec...
May...
July...
May. .
uiy. .
Sept, .
May..
uur...
Sept- . .
May. .
July.,
eept. .
May. ...
July. ...
bept 12.12 ft 12.20
Eastern Livestock Markets.
CHICAGO, May 3. Cattle Receipts
esti
mated, 3O00; market, weak. Beeves, $5.6038.30;
Texas steers. $4.60(43 ti. 10; Western sheers,
$4.80(56.70; stockers and feeders, $3-SW6.0O;
cows and heifers, $2.70-7.20; calves, $0.50
8.50.
Hog Receipts, estimated. 10.000: market.
slow and slightly lower. XIght, $9.059.35;
mixed. $9.05sy.40; heavy, $9.O59.40; rough,
$9. 050. 20 ; good to choice heavy, $9. 20fa 9. 40;
pigs, 8..ov.;-h; ouik or sales, y.o(.35.
toneep Receipts, estimated. IO.00O: market.
weak to 25c lower than last week's close. Na
tive, $4.2o7.&0; Western, $4.90S-7.90; year
lings, $7S.2o; lambs, native, $7.50(59.40;
"Western, $7.50f59.40.
1000; market, steady to 10c lower. Xative
steers, $6.25ir8.10; native cows and heifers.
KANSAS CITY. May 3. Cattle Receints.
$3.10153.7. 40; stockers and feeders, $4-&0.75;
bulls, $4?jNJ; calves, $4(&S.50; Western steers,
$5.7Bi??7.70; "Western cows. $4.50.'
Hoga Receipts, 14.O0O: market, weak to 6c
lower. Bulk of sales, $9.05!ix9.25; heavy, $9.15
(fjy.so; packers and mi ten era, u.iov.o; light
$8.909.20; pigs. $88.50.
Sheen Receipts. 12.O00: market. 10c lower.
Muttons, $5.50-7; lambs, $V58.90; fed West
ern wethets and yearlings. $6.50(iz:S; fed West-
era ewes, $3.oo&7..za.
OMAHA. May 3. Cattle Receipts. 3900:
market, active and steady. Native steers, $5.75
6r7. To; cows , ana neirers. Sd.d0aro.7o: West
ern steers. $3.509'7 ; cows and heifers. $2.75
?3.75 ; canners, $2.50S'4. 25 ; stockers and Seed
ers, $3.zoro. .0: caives, -i.i-B.zo; ouus,
stags, etc., $3.7506. 25.
.Hoes Kceipts, 0100: market. lO'a'isc lower.
Heavy. $8.90aV.05: mixed. $S.85iS.95: lieht.
$8.75&95; pigs, $83.75; bulk of sales, $8.85
toneep tteceipts, marnei, oa?-c lower.
xeariings, i.ou(ga.2o: wetnere. i.zowi.w
ewes. $0. timu.To: lamps. ..GOijry.oO.
WOOL FIRM AT LONDON
PRICES iREAIilZEIV ARE HIGH
EST OS" THE SERIES.
Dried Fruit Bt w York.
KETW TOBK. May 3. Evaporated apples
steady. Spot rancy. 10c; choice. 8Sc;
prime. 7$7Wc: common to fair 6c.
Prunes steady. California up to 30-40S.
2 ! Sc: OreKOUS, 4 sc.
Xpricots firmer. Choice. B$10c; ex
tra choice, lUHSUUc: fancy, 12g12jc.
Peaches quiet, unsettled. Choioa, 5a&
6.c: extra choice, irc; fancy. 77faC.
Ralsnls dull; nominally unchanged.
Loose muscatels. ZH6c; choice to fancy
seeded, 4e"iC: seedless. Si;6'i),c; Lon
don laers. (1. 15 1.20.
J.2X)
.ino
1.P00 19?s
S..VW) 42 14
80O 44 '-i
3 67 Mi
luO 31i 314 3'5
Total saJes lor tne cmy. e, w snares..
BONDS.
NEW YORK. May 3. Closing; quotations:
U. S. ref 2s reg.lOOVN T C G 3Hs... S914
' do coupon.. ... 100 :NTorth Pacific 3s. 71
U. S. 3s reg 102North Pacific 4s. 100
do couTJOn iv iKutn sarins 4S.JW
C S. new 4s ree.114 Union Pacific 4s. 9S54
do coupon lli.'W iBeon cent 4. . y:
D & R O a. 84 Japanese 4s. 91
Ialry Prodnce In the East.
CHICAGO, May 3 Putter Steady: cream
eries, 4tthc: calrle. n"l5c.
Kzgs-Keceipts. 35.112 cates; steady at
mark. ensw. in.-luded. 17,11; firsts. 19Uc;
ttrinie niwij.. 'c.
'hees MraJy; tlaiRics. 14411; twins.
14t-.-': Young Amerk-ad, 1414ac; lonsr horns.
Mtrn Mini ri- stocks.
BOSTON. May 3. Closing; quotations:
AUouex 894'Moliawli 3
Amaitf Copper... tiSNevada Consol.. 184
Am Z L, t s.... iplssing; Mines. w
Aril OOem lNortn isutte si
Atlantic e "orth Lake 10
R A C C S M. 10 IDld Dominion S2?i
Butte Coalition.. 174;Osceola 13 V4
Cal Arii 50 Par (Sil & Cop). 12H
i7 (tjulncy . .....
11 Shannon .
64 H Superior
sup dc BOS Min.
Cai Hecla.
Centennial
Copper Range..
East Butre Cop.
Franklin
(jirftux Consol...
Gfaitby Consol . .
1 1
a
io4
;up & Pitts Cop.
ITamarRck
iU. b. Coal &. Oil.
Coarse Cross-Breds Now Equal
the Prices of the March
Sales.
LONDON. May S. There was Increased
competition at the wool auction sales today.
The tone was firmer and the prices realized
were the higheBt of the series. Coarse cross-
breds recovered tne opening loss and are
now equal to the prices or the March sales.
Medium fine showed a hardening- tendency
on bettor support rrom Amerloa and the
Continent. Superior Tasmanlan merinos are
sought more. bales today, 14,045 pounds.
OREGON WOOL BALES AT BOSTON".
Good Lot of Staple Urines 10 ',4 Cents In
urease.
BOSTON. May 3. The local wool storks
are well broken up and a little In the choice
wools remain, although prices are still made
by the buyers. The demand Is fair, and
one mm recently secured a srood lot of Ore
xon staple at 19Hc In the g-rease.
Fhearlnjr 18 now in full swinjr in the West
and local buyers have secured Nevada -4t
from lftc to ISc. Shearing in the - fleece
states has scarcely begun.- Quotations:
California Northern. 5TS?5Se: middle
county. 5254c: Fall free. 4S50c.
ore-son eastern jno. 1 staple, wapwc:
l'.&t.ern clothing, ottrtfatfo; valley No. 1, 64
05c
i-errltory Fine staple. 63S66c: fine me
dium staple, oWwftlc; fine clothlnar. 62c
fine medium clothing. G5Cf57c; half bl'Vd.
57S5Sc; three-eighths blood, 5556c; quar
ter-moon comuii: K- o0'O4c
Pulled extra, ofcc; fine extra. 60S 62c: A
supers, aivposc
Coffee and Sugar.
NEW YORK. May 3. Coffee futures
closed steady net unchanged. Sales 18.750
bags, including exchanges of &000 bags
May for March and a little business in
May (1911 at .78c Closing bids: May
6.35c: June. s.40c; July, 6.45c; August. 6.50c
September, 6.55c; October and November,
6.60c; December. 6.65c; January. 6.68c; Feb'
. ruary. 6.7c: March, 6.6c; April, 6.7fic,
Spot coffee quiet. l,io No. 7. S?,c; Santos
No. 4, 9i4.tt.-- Mild coffee dull. Cordov
9'i i;tic
Sugar Kaw firm; reflued steady.
.58 M
..-.9 i
.62
.63
414
.40?,
.B8si
.60 W
.63H
.6414
OATS.
.35 vfc
.41
.40
.38
Low.
tl-OHi.
1.02li
l.OIV.
Ji
.59
.62 Ml
.63V4
.41?,
.40
.38
MESS PORK.
S1.63H
ai.S2ia
a 1.80
21.7SH
21.93
21.95
21.62
21.77
21.75
LARD.
12.56 1S.85
12.37 12.45
12.32 12:40
SHORT RIBS.
12.25 12.35 12.25
12.17 12.2(s- 12.12
12.55
12.22
12.20
12.10
Close.
11.11
1.034
12
.58
.60
.63
.64
.38
.41
.40 H
.38
21.70
21.92
21.95
12.75
12.45
12.40
12.35
12.20
12.20
Grain and Produce at New York.
NEW 'T'OEK, May 3. Flour1 Steady :
small trade. Receipts, 42,591 barrels ship
ments, 8288 barrels.
Wheat Spot strong-. No. 2, $1.15 nom
inal 0. 1. r.; mo. x northern, xi.18, nom
inal f. o. b.. opening- navigation. Options:
Wheat was firmer with very small offer
ings and. Influenced by covering by shorts
on firm cables and unfavorable advices,
closed llc net advance. May closed
1.16; July closed $1.12; September closed
$1.10. Receipts, 78,000 bushels.
Hops Dull.
Hides Flrm. .
Petroleum and wool Steady.
Grain at San Fronclsro.
SAN FRANCISCO. May 3. Wheat steady:
oariey weak.
Boot Quotations: Wheat Shlrplnsr. 1.52t&
ti.Of per cental.
.Barley reed. 31.121.15 per cental
brewinsr. $1.17 Vi H' 1.20 per cental.
uats teo. 3l.dUin-l.4o per cental: white.
4L.ou-g-.L.ou per cental; oiack, nominal.
call board sales: w neat no trading-.
Barley December, Il.OUsi 4L1.10 per
Corn Large yellow, $1.0O'1.65 per cental.
Kuropean Grain Markets.
LONDON. May 3. Cargoes dull and ln-
walla walla tor shipment. B8s 6d. nom
inal.
English country markets, steady.
liYench country markets, steady.
LIVERPOOL, May 3- Wheat. May.
8d; July, 7s 3d; October, 7s 4d.
Weather fine.
Minneapolis Grain Market.
MINNEAPOLIS. May 3. -Wheat. Maif.
jiosai.: July, si.uo: September,
$i.03?. cash. no. 1 naro. $1.13; No.
Northern. $1.01; No. 3, $1.41.07.
Flax closed at
Corn No. 3 yellow, 565Sc.
Oats No. 3 white. .'!!)& iUc.
Rye No. 2. 71a'73c.
Grain 3Iarkets .of the Northwest.
TACOMA. May 3. Wheat, export blue-
stem, sac; club, 84a Muling, bluestem, byo
uuc; ciud, 00c.
SEATTLE. May 3. (MilMng- quotations, blue-
stem, 80c: fortyfold, 88c; club. 87c: Fife,
87c: reM Russian. 85c. Export wheat.- blue-
Htera. 87c: fortyfold. 86c: club. 84c: Fife. 84c
red Russian, fcc. car recelpt-.up to noon.
wheat 7 cars, oata 4 cars, barley 2 cars. Yes
terday's car receipts, wheat 22 cars, oats 11
cars, barley o cars.
Changes in Available Supplies.
NEW YORK, -May 3. Special cable-and
telegraphic communications received by
Bradstreet's show the following changes In
available supplies as compared with pre
vious account:
' Bushels.
wneat. united states. east or
Rockiea decreased
Canada, decreased
.3.648.000
.. atl, 0t0
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital - - - $1,000,000.00
Surplus and Profits, $725,000.00
OFFICERS:
J. C. AIXSWORTH, President. K. W. SCHMEER, Cashier.
It- LEA BARXES, Vice-President.
A. M. WRIGHT, Assistant Cashier. W. A. BOLT, Assistant Cashier.
LETTERS OF CREDIT AND TRAVELERS'
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on all FOREIGN COUNTRIES
OLXEST BANK ON THE PACIFIC COAST
CAPITAL $1,000,000
SURPLUS and PROFITS $600,000
OFFICERS.
W. M. LADD, President.
. EDW. COOKINQHAM, Vice-President
W. H. DUNCKLEI, Cashier.
R. S. HOWARD, JR.. Ass't Cashier.
L. W. LADD, Assistant Cashier.
WALTER M. COOK. Ass't Cashier.
IlIRECTORS.
EDWARD COOKINGHAJt
HENRY L. CORBEII.
WILLIAM M. LADD.
CHARLES E. LADD.
J. WESLEY LADD.
S. B. LI.N-TH1CUM.-
FREDERIC B. PRATT.
THEODORE B. WILCOX.
Interest Paid on Savings Accounts and Certificates of Deposit
We Issue Letters of Credit, Foreign Drafts, and Travelers CfiecTcs
l-umbermens
National Bank
Corner Fifth and Stark Sts.
Portland, Oregon
CAPITAL, $500,000
DEPOSITS.
May 1, 1910
May 1, 1903
...$2,910,185.89
... 1,667,689.25
Increase $1,242,496.64
& TRUST COMPANY
SAMUEL CONN ELL, President
G. L MacGIBBON, Cashier
CAPITAL, $150,000
Does a general banking business. Opens checking1 accounts 'without
limitation as to amount. Pays interest on time and saving's deposits.
Issues travelers checks and foreign drafts available everywhere.
CORNER SIXTH AD OAK,
PORTLAND, OREGON.
Closing bids: May. 14.89c; June, 14.80c;
July, 14.73c; August. 14.10c; September,
13.19c; October, 12.72c; November, 12.67c;
DecemVr, 12.B3c; January, 12.R0c.
Totai United States and Canada.
aecreasea 4, 609,000
Afloat tor and in Europe, decreased. 1,000,000
iotai American ana European sup
ply decreased t 5,609,000
uorn, uniiea oiaies anu Canada.
decreased 2. 0fit ah a
Oats, United States and Canada,
decreased 1,257,000
SAX rKAN CISCO QUOTATIONS.
Produce Prices Current in the Bay City
Market.
SAN FRAKCISCO, May 3. The foliow
tng prices were current in the produce mar
kets today:
Butter Fancy creamery, 25c; creamery
seconds. 24 c; fancy dairy, 24c
Theese New. 13 13 c; Toung: America,
Ee&u Store, fancy ranch, 25c.
14&14ic.
Poultry Roosters, old, $556; roosters,
young, SS'glO; broilers, small f3.604.5O
broilers, large. 56; fryers, 7.508; hens!
$5.oO&12; ducks, old. $67; ducks, young.
ii tg 9.
Vegetables Hothouse cucumbers, 5090c
garlic, 35c; green peae $1.63; suing
beans, 5a"c; asparagus, $1.601. 7 oft toma
toes. $1.5004; eggplant. 10$-20c.
Fruit Apples, cnolce, $1.23; apples, com
mon. 50c$l; bananas. 75c&$3.50; Mexican
limes, S.SOf&'d ; Call forma lemons. choice,
$4: common. $1.25 01.75; oranges, navels,
41 5'43. pineapples, $2.503.50.
Potatoes Salinas Burbanks, $L1501.25;
sweets, 3&3c; Oregon Burbanks. 90c$$l.
Millstuffs Bran, 24&2ft; middlings, $3
032.
Hay Wheat, $12018.50; wheat and oats,
S11015; alfalfa. $8011; stock, $-700; straw,
per bale. 0O5c
Bops California crop. 16017c ,
.Receipts Flour. 21 M sacks; -wheat. 40
'centals; barley, 23,130 centals; oats, 12O0
centals; beans. 5O0 sacks; corn, 100 centals;
potatoes. 41TO sacks- bran. 20 sacks: mid
dlings, 20 sacks; iiay, 260 tons; wool, 14
bales.
New York Cotton Market.
NEW TORK, May 3. Cotton Spot closed
quiet, 5 points advance. Mid-uplands. 15.30c;
miH-Gulf. lf..F.3c Sales, 13,309 bales.
Kutures closed steady 1 to 11 points, um
Bonds
Investments
Timber Lands
McGratb & Nenhausea. Co.
701-2444 Lewis BUg., .
PORTLAND, OREGON
OIL MAP FREE
We are givtnsr away free to the first
hundred people answering this ad
vertisement a map of all the Cali
fornia oil fields.
- SjC!A1T-I,OOMIS CO,
K71 I'helnn Blder.,
San Francifctt, California.
Marty property owners
KNOW NOW
many will learn, that
BfflJLITHIC
Pavement has more sta
bility, more real value
than any other hard-surface
pavement laid.
TRAVELERS' GUTOE.
All Modern Safety Device (Wireless, Etc.)
LONDON PARIS HAMBURG
IPennsylvanla May lliDeutschland ..May2'J
Kirarw m rsee May ui-ires. jmcoin jutib l
tK. Auj? Vic. .Mav 1 lOceana June a
Bluecher May zoi'Mneriaa June -i
tUnexcelled Riti-Carlton a la Carta Res
taurant - Hamburg direct. 'New.
ITALY
VIA CIRKAI.T H,
jAi'i.r.. aau
GENOA.
8. 8. HAMBTTMi May 10, 11 A. M.
8. 8. MOLTliK .May Bl
h. 8. Batavia June 11
Hamburg-American I i nr.
160 Potvell St.. ban I ranciitn, Cal.
end local K. R. Agents in Portland.
Columbia River, Port
land and Astoria Route
Steamer Iassalo leaves Portland "My.
except Saturday, at 8 P. M-; returning,
leaves Astoria daily, except Sunday, at
7:00 A. M. Tickets interchangeable with
steamer "Lurlln.?,", which leaves Antorla
da41y, except Sunday, at 7:00 P. M.
San Francisco and Los Anodes Direct -
North Pacific S. S. Co steamships
Roanoke and Elder sail alternately every
Tuesday at 8 P. M.
S.S. Santa CJara sails for Eureka and
Pan Francisco March liG. April 9. 23. May 7,
21. at 4 P- M-, from Martin's Dock, foot of
17th at. Ticket office 132 3d st. Phones M
1314; A 1314. H. YOUNG. Agent.
COOS BAY LINE
5-DAY SERVICE.
Steamer Breakwater leaves Portland St A.
M . May 4, 0. 14. IS. 24, 2 and every Ave
days, from Alnsworth Dock, for North Bend,
Mtrshfield and Coos Bay points. Freight
received until 6 P. M. daily. Passenger fare,
first-class. $10; second-class. $7, including
berth and meals. Inquire City Ticket Office.
Kd and Washington sts., or Alnsworth Dock.
Main 2B8.
SAN FRANCISCO PORTLAND STEAM
SKIP COMPANY.
On!y direct steamers and daylight sailings.
From Alnsworth dock. Portland. 9 A. it.
S.S. Row City. May 7. 1. etc.
S.S.KanMts City. May 14.
From Pier 40. .San Francisco. 11 A, M.
U.S. Kansas City. May 7. "
S.S. Koce City. May 14. 18. ito.
M. J. ROCHE. C. T. A., 142 Third St.- i
Main 412. A 1402.
J. TV. RANSOM, Dock Agent.
.Alnswortb. Doc It. Main, JMy