TOE MORNING OREGOXIAN, SATURDAY, MAY 7, 1910.
19
VALLEY WOOL SALES
Local Buyers Operating in a
Small Way. '
SELLERS ARE NOT KEEN
Sharp Decline From Last Year's
Prices Does Not Meet "With Fa
vor in the Country Mohair
Coming Forward.
Trading has commenced In "Willamette
Valley wools in a small way. Buyers are
paying for No. 3 grade of Cotswold wools
J 8 cents, delivered, for the best and IT
cents for very coarse. For No. 2. grade,
such as Shropshlres, they are offering 19
cent.; for average and 0 cents for choice.
These prices are considerably under last
year's market, when 25 cents was about
the average price, and the sharp decline is
not rolished by the growers. The majority
of them, therefore, can be said to be off the
market until it Is definitely known what
actual lf10 values will be. As for the buy
ers, they are as much in the dark aa to what
the market will be as the grower are.
Until the situation becomes clearer, neither
side will be disposed to operate freely.
The same conditions prevail In Eastern
Oregon. Buyers and sellers are apart,
awaiting developments.
A considerable quantity of mohair la com
ing In and purchases are being made at 33
to 3.1 cents delivered at Portland. There
appears to be a ready market for all the
offerings.
MILL, FEED PRICKS A1CE SLASHED.
"Wheat, Oate and I Parley Are Quiet and
Meak.
Aside from the weakness in the mill-feed
market, there was but little of Interest yes
terday In the cereal trade. Actual feed
prices are hard to quote as the lists are be
ing sharply shaded.
Wheat was quoted unchanged and dull.
1 here was an easy feeling in the barley
market, partly in response to the sag 'at
Ban Francisco. There was also a tendency
to quote oats lower.
Weekly foreign wheat shipments were re
ported by the Merchants' Exchange as fol
lows: This wk. Last wk. Last yr.
Argentine . .l.HTtf ,oOO ,S40.mk 2t4S.0t0
Australia ... 440,000 liOO.Ooo 17tS,UO
India 1,000 472,1)00 560.000
Local receipts, in cars, were as follows:
AV heat Parley Flour Oata May
Monday ..
10
27
Tuesday ..... 3rt
Wednesday . . li)
Thursday .... 4
Friday 12
Year ago
Reason to date flr74
Year ago ...10.05
9
"4
ii
e
lD.iO
7115
10
o
B
1872
1414
247
loL'O
I'EKLKKS WOlU SIAKJE CONTRACTS.
Eastern Demand for Cascara. Small, but
Holders Are Firm.
Caseara bark peelers are making overtures
to local dealers for contracts, but their ideas
generally are above the market. The local
trade quotes 4 cents for small lots and 0
cents for carloads. The EasterW demand Is
tight, but holders In this state are not dis
posed to make concesaslons.
Conditions in the New York market are re
ported by the Journal of Commerce as fol
lows: "Cascara is much firmer in this market and
while some scattered lots might be available
at "Sc. most holders have advanced quo
tations to 7iQSa for ordinary. The Coast sit
uation remains firm as ever, according to re
ports, and lay down cost is estimated at the
iiuflde figure now asked. Old bark continues
firm at 0c."
BKTTKB DEMAND FOB STRAWBERRIES.
Market Today 1111 Probably Clean l"p
Well.
The warm weather improved the demand
for strawberries yesterday, but did cot im
prove the price, so far as California stock was
concerned, as it was In oversupply. The
receipts today, however, will be lighter and
it la probable that everything will clean up
before tha close of business.
The Oregon berries that came in were in
somewhat better condition than the previous
arrivals anil next week's shipments should be
of top quality. The best Oregoa berries sold
up to $3 . "il a crate end $2.50 was about as
cheap as any of the poorer berries went. Cali
fornia Jessies ranged from 65 to 55 cents and
Dollars brought $1.15 to $1.35. The few Los
Angeles berries left cleaned up at 50 cents a
crate.
A car of TVmnlnKStadt cabbaye arrived and
sold well and another car 1st due today. Other
vegetables were In fair supply.
si.n.irT increase in poultry supply.
Kegs Are Steady with. Moderate Receipts
and Small Demand.
Poultry' receipts yesterday were larger than
usual. Tho demand took all the offerings,
however, though more hens were sold at 20
than at 21 cents. It is about the time of
year when the supply of chickens should In
crease, and when the movement starts it will
mean an end to the extremely hlsh prices
that have prevailed since midwinter.. The low
Summer prices of a few years ago, however,
ned not be looked for.
The epg tra.le was rather sluggish. Prices
ranged from 23 to 24 cents, according to the
slie of the lot.
Butter was In good demand and quoted
steady to firm. Cheese was actlv and un
changed. Rank Clearings.
Bank clearings of the Northwestern cities
l,!e.irln'' T: in
Portland
Seattle ...
Tacoma ..
Spokane ..
i...M.2:i3 lr..i.73
l.t.llt.l fl 2M.3.T!
Sl.ilo-J 5.45:1
pos.i.95 o;;,43
rORTLAND MARKETS.
Grain. Flour. Feed. Etc.
WHEAT Track prices: Bluetcm. SSc
club, i-.tc; red Husslan. sic; Vallev S5c
BARLEY Feed and brewing. $223 23 per
ton.
FLOUR Patents. 55 per barrel:
straights. $4.30 if 5.15; export. $1; Valley
30 graham" 510: whole wheat, quarters,'
CORN Whole. $33: cracked. $34 per ton
HAY Tra.k prices: Timothy. Willamette
alley. $20Jr21 per ton; Eastern Oregon.
$22S2'5: alfalfa. $18.50i 17.5o; grain hay.
9 1 7 to 1 S.
MIIJ.STlTl.1i-Br.in. $21. CO per ton: mid
dlings. $.,l; shorts. $23.5ot 24.50; rolled bar
ley. $27. 00- 28.50.
OATS No. 1 white. $:6 50 g 27. 50 per ton.
Dairy and Country Produce.
BUTTER City creamery. extras. 27c;
fancy outside creamery, r6'c"2"e per pound;
store. 20c. (.Butter fat prices average 1,0
per pound under regular butter prices.)
Et;t5S Fresh Oregon ranch. 23 24c per
-dosen.
I'HEESB Full cream twins. IffSlbHo
per pound: young America. 17 17 He
PS1? Fancy. 1213c per pound.
EAL hancy, lu'ylle per pound.
I.AMBS Fancy. 10pl2" per pound.
POULTRY lldnii. ;o2lc; broilers. 30 iffi
m: ducks, lH,s:.lc; geese. l-'Sc; turkevs.
85c; duck; 22 V5 i 23c: geese. 12c: turkevs.
live 30 ta 22c; dressed. 25c; squabs. $3 per
Vegetables and Fruits.
FRESH FRUITS Strawberries. Oregon.
$2.S0 3 50 pfr crate: Florin. 6Sca"$1.35 per
crate: Los Angelas. Rno por rrate; apples.
$1 bv3 per box; cherries. $1.75 per box.
POTATOES Carload buying prices: Ore
gon. 405S5OC per hundred; new California.
$2.SOij2.75 per sack: sweet potatoes. 4c
VEGETABLES Artichokes. 6?730 per
dozen: asparagus, $1 Sj 1.25 per box; beans.
9 (J? J 0c per pound ; cabbage, 3 e pound ;
celery, $3.50324 crate; cucumbers. $1-50
3 per dozen; head lettuce, 50 60c per
dozen; hothouse lettuce. $1$,1.25 per box;
garlic, 1012-4c pound; horseradish, 8
lOc per pound ; green onions, 15c per
dozen; peas. Sec: peppers, $5 per crate;
radishes. 152uc per dozen; rhubarb, 2
2Hc per pound; spinach, SSilOc per pound;
tomatoes. $8.50 per box. A
TROPICAL FRUITS Oranges, $2.25
: temons, 45; grapefruit, 8.25fi per
box ; bananas. 5 hi c per pound ; tangerines,
$1-75 per box.
ONIONS Oregon 2 per hundred; Ber
muda, 2 2.25 per crate.
SACK VEGETABLES Rutabagas. $1-23
1.00; carrots, 85c a $1; beets, $1-50; pars
nips. 73c $1.
Hops, Wool, Hides. Etc.
HOPS 1909 crop. 12&10c. according " to
quality; olds, nominal; 1910 contracts, nominal.
WOOL Eastern Oregon, 14l7c pound;
Valkiy, 17-Ji20c per pound.
MOHAIR Choice, 32 33c per pound.
CASCARA BAHK 1 H: fQ 5c per pound.
HIDES Dry hides, 16ul7M:C per pound;
dry kip, 16 hi & 17 c per pound; dry calf
skin. 1& 21c per pound ; salted hides, 8 &
8c; salted oalfskin, 15c per pound; green,
hides, lc less. . ,
PELTS Dry. 12 13c : salted, butchers
take-off, S1.1&1.4U; Spring lambs, Z94ac
Groceries. Dried Fruits, Etc
DRIED FRUIT Apples, 10c per pound;
peaches, 7c; prunes, Italians, 4 3 iic; prunes,
French, 4& 5c; currants, lUc; apricots, 15c;
dates, 7o per pound; figs, fancy white, av4.o;
fancy black, 7c; choice bla.ck. 5ic.
SALMON Columbia River, 1-pond tails,
$2 per dozen; 2-pound talis, $2.95; 1-pound
flats, $2.10; Alaska pink, 1-pound tails, 90c;
red, 1-pound tails, $1.45; sockeye, 1-pound
tails, $2.
COFFEE Mocha, 24 28c; Java, ordinary,
1720c; Costa Rica, fancy, 1820c; good,
lo-S-lHc; ordinary, 12&lc per pound.
NL'TS Walnuts, 15c per pound; Brazil
nuts, 13H15c; filberts, 16c; almonds, 17c;
pecans, 19c; cocoanuts. 9uc$l per dozen
BEANS Small white, o.OOc; large white,
4kc; Lima. Cfcc; pink, &tc; red Mexican,
7 fcc.
SUGAR Dry granulated, fruit and berry,
$6.25; beet, $0.05; extra C, $5.75; golden C
$5.65; yellow D, $5.65; cubes (barrels l,
$5.65; powedered, $6.50; Domino, $10.40 &
10.90 per case. Terms on remittances, with
in 15 days deduct hk.c per pound, if later
than 15 days and within oO days, deduct hko
per pound. Maple sugar, 1518c per pound.
SALT Granulated. $15 per ton; half
ground, 100s. $10.50 per ton; &0s, $11 v
ton.
KICE No. 1 Japan, 4c; cheaper grades,
8.50014.550; Southern head, 6',7c.
HONET Choice, $3.25 3.50 per case;
trained. 7c per pound.
Linseed Oil and Turpentine.
LINSEED OIL Pure raw in barren, 97c;
-ettle bollled. In barrel,. 9lc; raw. In case
11.02; kettle boiled, In cases, $1.04. Lots of
250 gallons, i cent less per gallon.
TURPENTINE In cases, buhkc: in -wood
barrels. 78c
Provisions.
PICKLED GOODS Barrsls: Pigs' feet,
$16: regular tripe, $10; honeycomb tripe,
$12; lunch tongues, $19.'0; mess beef, ex
tra. $14; mess pork. $30.
BACON Fancy. 28c per pound; stand
ard. 25 tic: choice, 24 hie; English, 22',
23 4c.
HAMS 10 to 13 pounds. 20c; 14 to 16
pounds, 20c; 18 to 20 pounds, ltttc; hams,
skinned. 21fcc; picnics, losc; cottage rolls,
none; boiled 'hams. 27 & 20c
LARD Kettle rendered. 10s. 17c; stand
ard pure, tlos. 17c; choice, 10s, 16c
SMOKED BEEF Beef tongues, each 60o;
dried beef sets, 22c; dried beef outsldes, 20c;
dried beef lnsidea, 2Bc; dried beef knuckles,
22c.
DRY SALT CURED Regular short clears,
Oregon exports, dry salted, 17c; smoked,
dry salt, 17c; smoked. lSt&c; sbort clear
back, heavy dry salted, losc, smoked, 18c;
lUc.
purs.
FURS Prices paid for prime No. 1' skins:
Mink. Northwest Canada and Alaska, $S(
10; Colorado, Wyoming. Montar.a, Idaho and
California, $5 7.50; British Columbia and
Alaska Coast, $910; Oregon, Washington,
Idaho and Montana, $7. Lynx, Alaska and
British Columbia, $35; Pacific sroaat, $28.
Kaoooon, $1&1.50. Skunk. Canada. $2.&0;
Pacific Coast $1&2. Wolf and coyote, Can
ada, $5ftil; Idaho, Montana, Wyoming, Ne
vada, 1.603. Beaver, Oregon. Washing
ton. Canada, Alaska, $5.50 19 7; Idaho. Mon
tana, $10; U'tah, Wyoming, $6.50 7; cubs,
J 2 u 2.50. Otter, Canada. Alaska, $12.50&14;
Oregon. Washington. Alaska. Canada, Brit
ish Columbia. $3'a4.W; Pacific Coast, $1.73
Si 2 50. Gray fox. Pacific Coast, $1.50(e2.
bear, black and brown, Alaska, Canada, $lo
20; cubs, $1215; Pacific Coast. $1015;
cubs, $57; grizzly, perfect, $25&35. Bad
ger, (2. Muskrat, Canada, Alaska, 80c; Pa
cific Coast. 30tJ0c. Fisher, British Colum
bia, Alaska, $15a0; Pacific Coast. $15.
Wolverine. $6t8. Silver fox. $3000500.
Cross fox, $10a15. Sea otter. $200450.
Blue fox. $810. White fox, $12 20. Swift
fox, 40c. Ermine, 00c. Mountain Hon, $3'
10. Ringtail cat, 25 75c Civet cat, 10
30c. House cat, 5& 25c
WILL GUT BUYING PRICE
SEATTXK 1KAL.EKS TO OFFER
LESS FOR OREGON EGGS.
Berries Arrive in Improved Condi
tion and Sell Better Than at
Any Time This Season.
SEATTLE, "Wash., May 6. Berries arrived
In better condition today and sold better
than at any time this season. The bulk of
the coed Block sold as high as $1.50. The
first White Salmon shipments will commence
the middle of next week.
According to advices from "Wenatchee, the
apples there have been practically cleaned
up.
Lettuce was in heavier supply, selling at
$11.-5. The best potatoes sold at 60 cents
a sack. The --cent quotation on new
tubers was general alont Western avenue
today.
Owing to - the limited supply of fancy
local eggs, the price stiffened up a little
and few were offered at less than 2$ cents.
Kastern and Oregon eggs, however, are very
plentiful. Beat tie dealers will cut the buy
ing price In Oregon next week.
Veal was in much heavier supply but sold
afc top price.
Butter was steady. "With the Portland
market 3 cents under the Seattle market,
large quantities of Oregon butter is arriv
ing here daily.
WTieat was not as strong and 87 cents was
the toj on bluest em and 84 cents on club.
' Oyster men have advanced prices 23 cents
a gallon to I--75.
SAN KRAVCISCO QVOTATIQXS.
lroduc Friers Current la the Bay City
Markets.
PAN FRANCISCO. May 6. The following
prices were current in the produce markets
today:
liutter Fancy creamery, 25c; creamery
seconds, 24Vac; fancy dairy, 2.1 VxC.
Cheese New, 13 13 c ; young America,
14 Tt 14
Kir gu Store. 23 l-c; fancy ranch, 24c.
Poultry Roosters, old, $.1 tf 0; roosters',
young. 581? 11; broilers, small, $2.50:3.50;
broilers. large. $4 '4-50; fryers, $7.oOS;
hens, $5.T0 t$ 12; ducks, old, ?ti& 7; ducks,
oung, $sa y-
Vegetables 'Hothouse cucumbers, M)c ft $1 ;
garlic, $3 5; green peas, $ L 'i l.TiO ; string
beans, 4⪼ asparagus. $14? 1.7a; toma
toes. $1.5it&4; eggplant, lOioc.
Fruit Apples, choice, $1.23: apples, com
mon, 5t.c (Q $1 ; bananas, 73c tji $3.."iO; Mexican
limes, $5.50& ti; California lemons, $1.25 &'4 ;
oranges, navels. $1.2r(u3; pineapples, $2.504
$3. no.
Pom toes Salinas rt urban ks, $1.15 "3 1. 271 ;
sweets. 3'a3VaC; Oregon Burbanks, 90c-$l.
Miilaturfs Bran, $24 2j; middlings, $30
32.
Hay Wheat, S12?-18.&0; wheat and oats,
$11 & 15; alfalfa, $all; stock, $7 9; straw,
per bale, 40fttioc.
Hop California crop, l2"lfc
Receipts Flour, 2332 quarter sacks;
wheat, 65 centals; barley, 5320 centals; oats,
S30 centals: beans, it 3 sacks; corn, 5 centals;
potatoes, 57 SO sacks; bran, 35 sacks; mid
dling, 50 sacks; hay. 444 tons; hides, 715.
A Booklet for Investors.
The Harris Trust & Savings Bank,
04 Dearborn street, Chicago, has is
sued a booklet entitled "Bonds for
Sale Investment," Intended for the use
of persons planning: to invest in bonds
for the first time. Its aim is to ex
plain in simple terms the purpose of
various classes of bonds, and to indi
cate the value of bonds as safe invest
ments for individuals, as well as insti
tutions. Copies free upon request.
LONDON H SELLER
Most of the Stock Sales Are
for English Account.
TRADING OTHERWISE QUIET
Death of King Edward Xot Likely
to Affect Values of Securities
Segiou sly Market Xs
Well Supported.
XEW YORK, May 7. The action of
financial markets turned on the principal
news item of the day, the alarming ill
ness of King Edward. The actual volume
of sales was not large, but the proportion
for London account was larger than usual
and sufficient to give clear notice of the
disposition of the London market to avail
Itself of New York facilities for turning
securities into cash.
There Is no clear reason why the passage
of the English succession to the throne
should affect the value of American se
curities or, for that matter, English se
curities. The precedent of the death of
Queen Victoria showed financial markets
unruffled. The present situation differs in
some respeots. both politically aru3 financially.
The money position in London is extraor
dinarily strong, owing to the measures of
recuperation recently taken by the Bank
of England.
The stock market was not left without
support and an effective mld-sesslon rally
resulted. It was accompanied by special
strength in Brooklyn Transit. That stock
and Chesapeake & Ohio were influenced
by rumors of dividend increases. A rally
also followed the publication of the pre
liminary estimates of the week's currency
movements.
The money market was easier, both on
call and on time.
Bonds were irregular. Total sales, par
value, $2,881,000. United States bonds
were unchanged on call.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. Bid.
A His Chalmers of an
Amal Copper .... 46,800 H 64 "i
Ain -Agricultural .. luo 43 43
Am Beet Sugar . . 700 364 36 35 U
American Can 500 10 ft 9iA
Am car & Fdy LOoO 5S 68 68(4
Am Cotton Oil 600 65 64 t4Vi
Am Hd & Lt pf . . o 32'4 81$ 31
Am Ico Securities 1,600 24 24 M-i
Am L in seed Oil 13
Am Locomotive 400 47 & 47 46Va
Am Smelt & Ref.. 33.90O 77 75 76,
do preferred . . . lvt i3 H 103 '4 103
Am Steel Fdy . . . ljQ 66 56 55
Am Sugar Ref 123
Am Tel & Tel .... 1,000 13514 134 1344s
Am Tobacco pf 94
Am Woolen 800 36 34 3414
Anaconda. Mln Co.. 41 40U. fn
Atchison 18,000 ! lObW I08V.
do preferred ... 400 102 101 107
Atl Coast Line.. 2u0 123 123 121
Bait & Ohio 1.500 lu'J lOtfLi 10814
Bethlehem Steel 7
Brook Rap Tran. . 23,700 79 7714 78
Canadian Pacific .. 4,700 184 182 1834
Central Leather . . 7,600 42 & 41 41 la
do preferred lOft'
Central of N J 290
Ches & Ohio 10,600 81 84 85
Chicago & Alton . . 200 4ti 45 46
Chicago (it West, l.too 27 2f 26
do preferred . . . 200 51 60 61
Chicago & X W . 1.100 150 148 149
C, M & $t Paul .. 6,400 139 137 138
C. C, C & St L ... 10O 81 81 8U
Colo Fuel & Iron. 300 38 38 37
Colo & Southern... 3.90O 62 60 61
Consolidated Gas. . 5.80O 136 133 133
Corn Product ... 30O 15 15 14
Del & Hudson ... 300 170 169 169
t) & H Grande M 1.6o0 4o 39 39
do preferred ,. 78
rlstlllera Securi 400 2i' 29 29
Erie N. . S.loo 28 27 2
do 1st preferred. 4O0 45 44 44
do 2d preferred . 1O0 35 35 35
General Electric .. 2X 147 140 146
Gt Xorthern pf ... 3.5(X 134 132 133
Gt Northern Ore .. 2,3o0 63 ' 62 6'
Illinois Central ... 20O '133 133 133'
Inttrborough Met. . 6,50O 20 20 20
do preferred 6,6u0 65 63 63
Inter Harv ester . . 1,100 92 1 91 XL
Inter-Marine pf.... 100 17 17 17
Int Paper , 17
Int Pump 600 48 44 46
Iowa Central .... 3u0 20 19 39
K C Southern . . . 1.100 33 32 32
do preferred 200 66 66 66
Laclede Gas 20O loo 99i P914
Minn & 3t LouU. 40 35 34 33
M, St P & S S M. 4O0 136 135 134
Mo. Kan & Texas 6. loO 42 40 40
do preferred . 6
Missouri Pacific . . 1.3O0 68 63 08
National Biscuit 14 &
National Lead ... 1.5O0 76 74 75
Mex Nat Ry 2d pf 12,2'W 29 28 28
N Y Central 6,100 120 118 119
N Y, Ont & West. 500 43 43 42
Norfolk & West. 2,100 102 101 101
North American - 70
Northern Pacific .. 3.3O0 129 127 128i
Pacific Mail ICO 26 26 25
Pennsylvania 15. TOO 132 13 131
People ' Gas .... 900 107 1 07 107
P, C C & St L. 40O 100 99-s 99
Pittsburg Coal .... 400 18 18 38
Pressed Steel Car. 2f-0 38 . 38 37
Pullman Pal Car. IOO 161 161 160
Ry Steel Spring 33
Reading 131,600 1SS 165& 156
Republic Steel 300 33 33 33
do preferred . . . 500 97 95 9"
Rock Island Co 18,500 44 42 43
do preferred v. 8S
St L. & S F 2 pf ,VK 46 46 46
St L Sou t h western 20O 29 2 29
do preferred ... 20 72 72 7'
Sloss-Sheffield 20O 73 72 72
fouthem' Pacific .. 63, TOO 125- 122 123
Southern Railway. 6O0 26 25 25
do preferred ... 200 60 59 59
Tenn Copper - '. 6
Texas & Pacific. . 400 31 31 31 V,
Tol, St L & West. 300 38 38 37
do preferred ... 30O 64 64 63'
Union Pacific .. .128,700 181 178 179
do preferred ... 1C0 94 94 93
U S Realty 10 73 73 724i
XT S Rubber 41 40 40
j o oieej ........ i-t r--7 JSO1 Hi
do preferred . . . l.GfKJ 118 116 117
Vtah Copper .... 2,100 44 42 42
Western Md 100 44 44 43
Westinghouse E 1 eo 600 ;J, 62 62
Western Union ... 6X 6S 68
Wheel & L Erie.. 200 3 3 3
Total sales for the day. 716,800 snares.
BONDS.
NEW YORK. May jt. Closing: quotations:
U. S. ref. 2s reglO0N. Y. C, gen 3s 89
do coupon ,.100Nor pac. 3s 71B
V. S- Ss reg. . . .102iNor. pac 4s.. .100
do coupon. .. .102Itnion Pac. 4s 101 14
U. S. 4s reg. . .114 Wis. Cen 4s 90 14
do coupon ... .114 'Japanese 4s of'd 91
D & R G 4s 94B,
Money, Exchange, Etc
NEW YORK, May 6. Prime mercantile
paper. 4 (5 per cent.
Sterling .exchange steady with actual
business in bankers' bills at $4.8395 ( 4.8405
for 60-day bills and at $4.8690 for demand.
Commercial bills 4.83 & 4.88 .
Bar silver 53 c.
Mexican dollars 44c.
Government bonds, -steady; railroad bonds,
irregular.
Money on call easy. 3 (34 per cent; rul
ing rate. 3 per cent; closing;, bid. 3 per
cent; offered, 8 per cent.
Time loans easy, 60 days and $0 days, 4
per cent; six months, 4 4 per cent.
SAN FRANCISCO, May 6. Sterling, 60
days. $4.84; sight, $4.87.
Silver bars 58 c.
Mexican dollars 4 4 c.
JOrafts Sight, par; telegraph, 2c.
LONDON, May 6. Bar silver Steady,
24 13-16d per ounce.
Money 2 & 3 per cent.
The rate of discount in the open market
for short, bills is 3 3 per cent; three
months' bills, S3 per cent.
Consols For money, 80; for account, 81.
Metal Markets.
NEW YORK, May 6. Standard copper
on the Metal Exchange was dull today
with spot. May. June and July closing at
11. 90i& 12.20c London market recovered
part of the opening decline, closing steady
with spot at 55 12s 6d and futures at
56 12s 6d. Imports of copper by steamers
at Atlantic ports since May 1 have been
945 tons, including matte and ore; exports
for the same period 2422 tons. In local
trade circles a steaoier tone is reported in
the market for spot copper, with lake
quoted at 12.62 ii 12.75c; electrolytic.
12 37 ff 12.50c. and casting, 12.12 12.25c
Tin was firm with spot and Mav clos
ing at 32.85 fh. 33.05c; June, 32.85 33. lOc;
July. 32. 85 33- 20c. lxndon market stead v
with spot at 149 15s and futures at 161
2s 6d.
Lead easy with spot quoted at 4.25
4.87c. New York and 4.154.20c East
St. Louis. London unchanged at 12 6s 3d.
Spelter dull. Quotations range from about
4.95c to 5.15c for spot New York. The
Metal Exchange quoted Mav deliveries at
4.955.05c. New York; tt. Louis at 4.80
4.90c. London unchanged at 22,
The English iron market was lower at
49a 10d for Cleveland warrants. Locally,
the market was quiet, with prices reported
lower. No. 1 foundry Northern, $17.00gF
17.73; No. 2 do. $16.50W17.25; No. 1 South
ern and No. 1 Southern soft, $j.6.25& 16.75.
Treasury Statement.
WASHIRTO. Mav Th condition of
the Treasury at the beginning of business I
ioaay was as xoiiows.
Trust funds ;
Gold coin $K5l.642,89
Silver dollars 48i.6Ol,O0
Silver dollars of 1SIM) 3,743,000
Silver certificates outstanding. . 4S9.601.000
General fund
Standard silver dollars in gen
eral fund $ 2.301,416
Current liabilities 104,604,171
Working; balance in Treasury
offices 21.259.S95
In banks to credit of Treasurer
of the United States 35,284,173
Subsidiary silver coin 1,562,523
Minor coin 1,110,798
Total ' balance In general fund 82.155.217
Eastern Mining Stocks.
BOSTON, May 6. Closing quotations
Allouez 40 Mohawk
Amal Cop 65;Nevada Con
Am. Z. L. & S. 23jNip. Mines
Arizona Com.... 14'North Butte. .Tt.
47
1S
9
31 ti
lO'a
33
133
13
76
UTi
Atlantic 65 5,
Xorth Lake
B. C & C. S. M. lOi
Old Dominion . .
Butts Coalition.
Cal." & Arizona,. 5S
Cal. & Hecla 575
Centennial ..... 15
Osceola
Parrot (S- & C.)
Quincy .........
Shannon .......
Superior
Sup & Bos. Min.
Sup & Pitts Cop.
Tamarack
U. S. Coal & Oil
U. S. S. R. & M.
C. R. Con. Co. . . C5
East Butte C. M. 7
Franklin 11 H
Giroux Con Ti
39
11
50
34 H
40 V,
4SVi
Granhy Con 4
Green. Can..... 8
I. K. (Copper).. 15V
do pref
Keer Lake ' 8 y, Utah Con.
ill It.
42H
8
110
Lake Copper . 17:rtah Cop. Co..
La, Salle Cop.... 11 Winona
Miami Copper... 21 wolverine .....
LARGE ACREAGEGIVEN UP
AREA ABANDONED IN APIUIi IS
SAID TO BE FOUR MILLIONS.
Announcement "Turns Wheat Prices
Strongly Upward at Chicago.
Close Is Firm.
CHICAGO, May 6. Millers report that
nearly 4,000,000 acres of wheat in the United
States were abandoned in April and that
there has been further deterioration since
May 1 made prices turn sharply upward.
Tha elose was firm with a net gain of 4
c to 8c. Corn finished Uc to lc
up. and oats a shade to c higher. Pro
visions showed a loss of 12 to 32-Hc.
Rains in the Southwest, West and 'a part
of the Northwest, with more officially pre
dicted for the Winter wheat belt and part
of the Spring wheat area tomorrow were in
sufficient incentive today for much action.
Top prices continued almost until the final
tap of the gong. September sold between
$1.021.03. closing: at $1.02.
In corn, speculators were buyers early
and shorts later. Trade however, was by
no means active. CalK for cash corn was
poor. No. 2 yellow sold at 6263Hc. Sep
tember ranged between 63c and 64c, clos
ing at 63&64c firm within a shade of tho
top.
Shorts in May oats worked prices He
higher. September ranged between 38
SSc and 39Hc and finished at 3Svb30c.
In provisions, pork closed 20 to 27 He off,
lard was 2532.Vfec down and ribs lost 15
22 c.
Tha leading; futures ranged as follows:
WHEAT.
Open. Hlprh. To w. Close.
May....... $1.13 -l.i3H 11.12 SI. 13
July 1-04 1.05 1.04 1.05
Sept 1.02 1.03 1.02 1.02
COR-V.
May 60 .! .60 .61
July. ... . . .62 .63 .62 .63
Sept.., ... .63 .64 .63 .64
Dec .5S .58 .oS .$
OATS.
May 41 .4 3 .41 .42
July. ..... .40 .41 .40 .40
Sept 3S .39 .SS .39
Doc 39 .33 .33 .39
.MESS PORK.
May 22.30 22.40 22 30 22.30
July.... 22.65 22.60 22.37 22.45
Kept..... 22.6a 22.65 22.42 22.45
LARD.
May 13.00 13.00 12.80 12. SO
July 12.72 12.72 12.60 12.60
Sept 12.72 12.72 12.52 12.5.2
SHORT RIB3.
May 12.70
12.70 17.60 12.60
July.
12.6 3 12.52 12.40 12.42
12.50 12.50 12.35 12.35
sept
Cash quotations were as follows:
Flour Firm.
Rye No. 2. 78g79c.
Barley Feed or mixing, 45 62c; fair to
choice malting, 68 & 63c.
Flax seed No. 1 Southwestern, $2.31 f
No. 1 Northwestern, $2.41.
Clover $11.26.
Pork Mess, per barrel, $22.50 22.75.
Lard Per 100 pounds, $12.90.
Short ribs Sides (loose ). $12. 50 If 12.75.
Sides Short, clear (boxed), 413.50
13.62.
Grain statistics:
Total clearances of wheat and flour wore
equal to 248,000 bushels. Exports for the
week, as shown by Bradstreet's. were equal
to 1.854,000 bushels. Primary receipts were
556,000 bushols. compared with 281.000 bush
els the corresponding day a year ago. Esti
mated receipts for tomorrow: Wheat, 6 cars;
corn, 60 cars; oats, 125 cars; hogs, 9000
head-
Receipts. Shipments.
.... 15,600 8,800
.... 12,000 34.800
.... 74,700 139.500
162.200 363,100
. . 3,000 1,000
13,000 8.500
Flour, barrels . .
Wheat, bushels .
Corn, bushels ...
Oats, bushels . .
Rye. bushsls . . .
Barley, bushels
Grain and Produce at New York.
NEW YORK, May 6. Flour Steady, with
a small local trade. Receipts, 18,378 barrels
shipments, 16,380 barrels. '
Wheat Spot, steady. No. 2 red, $1.16 nomi
nal c. 1. f-; No. 1 Northern. $1.21 nominal
f. o. b. opening navigation. Wheat was a. lit
tle lower early on cables and rain, but the
undertone was very firm and prices1 advanced
late on the bullish private crop reports, clos
ing c net advance. May closed at $1.17
July .at $1.12 and September at $1.10.
Ho pa Quiet.
Hides Firm.
Leather Quiet.
Petroleum and wool Steady.
Turpentine Steady.
Rice Quiet.
Minneapolis Grain Market.
MINNEAPOLIS. May 6. Wheat May,
$1.10; July, $1.10; September, $1.02
L02. Cash: No. 1 hard, $1.14; No. 1 North
ern, $1.12 1.13 ; No. 2 Northern, $1.10
1.11; No. .3 Northern, $1.071.08.
Flax Closed at $2.37.
Corn No. 3 yellow, 58(359c.
Oats No. 3 white. 40&40c.
Rye No. 2, 7173c.
European Grain Markets.
LONDON. May 6. Cargoes, dull and In
active; Walla Walts, for shipment. 38s 8d;
nominal.
English country markets, fid cheaper.
French country markets, steady.
LIVERPOOL. May 6. Wheat May, 7s
3d; July, 7s 8d; October, 7s 4d.
Weather, showery.
Grain at San Francisco.
SAN FRANCISCO. May 6. Wheat, steady;
barley weak.
Spot quotations: Wheat Shipping, $1.52
1.57 per cental.
Barley Feed, $1.09 1.1 per cental;
brewing. $1.77120 per cental.
Oat Red. $1.30 & 1.40 per cental; white,
$1.501-60 per cental; black, nominal.
Call board sales Wheat, no trading; bar
ley. May. $1.07 asked; December. $1.0S
1.09. Corn, large yellow, $1.701.75.
i
Grain Markets of the Northwest.
TACOM-A. May 6. Export, bluestem, 89c;
club, 85c Milling, bluestem, 8990o; club,
80 & SOc.
SEATTLE. May 6. Milling quotations,
bluestem, SOc; forty-fold. 8Sc: club, S7c;
fife. 87c ; red Russian, 85c Export wheat,
bluestem, 87c; forty-fold, Soc ; club, 84c ;
fife, 84c; red Russian. 82c. Yesterday's car
receipts; Wheat, 7 cars; oats, 2 cars; barley,
3 cars.
New York Cotton Market.
NEW YORK. May 6. Cotton Spot closed
quiet. Mid-uplands. 15.25c; do. Gulf, 15.60c.
Sales, 10.800 bales. Futures closed firm.
May, 14.92c; June, 14.86c; July. 14.76c; Au
gust. 14.20c: September, 13.23c; October,
12.72c; November and January, 12.52c; De
cember, 12.65c
GRQPQUTLDDKGODD
Reports of Inquiry From Cold
Wave Exaggerated.
MONEY MARKETS BETTER
Reports ot the Building1 Trades
Show Substantial Gains Slight
ly Better Feeling in the Cot
ton Goods Market.
NEW YORK, May 6. Bradstreets to
morrow will say:
Trade aa a whole is still quiet, pending
clearer views of crop and price outcome,
but there is in evidence a. more cheerful
feeling in agricultural sections, where in
jury from the recent cold wave proves to
have been exaggerated. The securities mar
kets are also stronger on the evidences of
enlarging demand for American bonds
abroad.
Best reports as to trade came from the
larger markets of the central West, North
west and Southwest.
The building trades reports for April show
good gains over earlier months. Lumber
and building materials are fairly active East
and in good demand West. The iron trade
is irregular. Pig iron production is being
curtailed but finishing; mills are still well
employed.
There ia a slightly better feeling in cot
ton goods, though the price situation Is a
oar to active trade. The woolen goods man
ufacturing trades are irregular.
Business failures in the United States for
the week ending May 5 were 191, against
189 last week; 214 in the like week of 1009;
2v$ in 1908; 154 in 1907, and 162 in 1906.
Business failures In Canada for the week
were IS, against 21 last week and 29 In the
like week last year.
Wheat (including flour) exports from the
United States and Canada, for the week
.ending May 5 aggregated 1,854.070 bushels
against 2,059,239 last week and 1.452.969
this week last year. For the 44 weeks end
ing May 5 exports are 126,OS5,i507, against
151,987,264 in the corresponding period last
year.
GENERAL TRADE REPORTS ARE GOOD
Commercial Market Not Much Affected by
Kesalt of Financial Flurry.
NEW YORK, May 6. R. O. Dun & Co's.
weekly review of trade tomorrow will say:
The unsettled and apprehensive feeling
prevailing for some time in the financial
markets, resulting In declining prices, has
been allayed to some extent, although there
has been a disappointing check to the buoy
ant movement existing in mercantile lines at
the beginning- of the year. The causes of
the financial recessions were partly econ
omic, partly political. It is to be noted,
however, that the effect upon the industrial
and mercantile situation has been slow and
In some parts of the country lt waa hard
ly noticeable.
Efforts to remove the obstacle of over
production from the pig iron situation are
proving successful.
A continuation of the slight improve
ment in the .demand for cotton goods by
converters, printers and the manufacturing
trades was noted, but jobbers are holding
back awaiting- the coming of the Govern
ment cotton report In June, when they
hope for a further revision of prices.
Kali River has been selling- contracts on
wide clothes, to run through June, July and
August, on a basis of 20.4 cents per pound
for print cloth, yarn construction. Yarns
rule slow. Dress goods are Inactive In
first hands and except for an advance of
5 cents a yard on a single line of woolen
men's wear, little change is noted in the
quiet trade in that quarter.
Bank Clearings.
NEW YORK, May 6- Rradstreet'a bank
Clearings report tor the week ending May 5
shows an aggregate of $3.762,43u.00i, as
aprainst $2,037,593,000 last week and $3,359,
S98,0OO in the corresponding week last year.
, P.C. inc.
N ew York $2,424, 002,000 12 . T
Chicago 208,680,000 1.6
Boston 175,915,000 2.2
Philadelphia 183,276,000 80. 1
St. Louis 76,621,000 18.5
Kansas City 47.463,000 5.8
Pittsburg 56,953,000 25.5
San FrancLBCS 45,244,000 18.3
Baltimore 32.412.0uO 1.1
Cincinnati . . ... 27,301,000 2.9
.Minneapolis 20.04A.OO0 ft. 7
New Orleans 15,701,000 6.0
Cleveland 19,448,000 7.8
jjeiroit J7.43S.O0O 14.8
Omaha 16,275,000 8.9
Lo Angeles - 16.o27.000 21.3
Ltrwisville 1 2.."9.00O 19.4
Milwaukee 31.764.000 8.9
Portland, Or 0.663.0O0 15.5
Seattle 12.1 87,0M 24 . 0
St. I'aui 12,580.000 fiO.l
Buffalo - . tt.781,OoO 0.6
Denver . 408.000 13.1
Indianapolis . 674.000 5.4
Atlanta 9. 674. 0OO 19 .4
Providence - 8.1 8S.OOO 9 . 9
Memphis 5.201 ,000 2.3
Richmond 8.056,000 16.8
Fort Worth 7.082, OuO 8.5
Salt Lake City 7.511,000 19.2
Washington, D. C S.78$.0oO 15.6
St. Joseph 6.4ti9,0OO 10.6
Columbus 6.387,000 17.0
Albany tt, 171.000 8.8
Tacoma 5.O4S.O0O 17.9
Savannah - 8.780,OoO 4.1
Spokane, Wash. 4,924,000 41. 0
Oakland, Cal. 3.244.O00 69. 0
Sacramento , . . . 1.273.0OO 4.8
Helena .1,118,000 49.0
Houston 2S.139.0OO 0.02
Galveston 12,799,000 18.8
-uecrease.
STAPLE WOOL TAKEN
ANOTHER BIG LINE OF OREGON
SOLD AT BOSTON.
Half a Million. Founds -Change
Hands at 6 3 Cents Clean Cloth
ing Grades Are in Demand.
BOSTON, May 6. Tho Commercial Bulletin
will say of the wool market tomorrow:
Little general Improvement in trading Is
reported, although it Is uadertood another
line of Oregon staple, amounting to 600,000
poundjs, was eold at 63 cents scoured, while
75,000 pounds of short Arizona clip changed
hancs at 60 to 62 cents clean.
Clothing wools are still ia best demand and
prices are firm, for dealers understand that
ptocks cannot be replaced in the country at
current quotations. Michigan and York
QUirter-bloods are selling moderately at 29
cents. It is believed business will not im
prove materially until the new lightweight
goods easoa opens in June.
Priors at London Wool Bale Firm.
LONDON, May 6. The offerings at the wool
auction aales today were principally New
Zealand and Punta Arenas cross?-breds. There
was considerable competition for all offerings
and prices ruled against the buyers. America
purchased medium bright sorts and Germany
secured the best merinos, which were offered
in small supply. The number of bales of
fered today was 13,190.
Wool at St. Louis.
ST. LOUIS, May 6- Wool, steady. Terri
tory and Western mediums, 22 (& 24c; fins
mediums. 19i20c; fine, llg14c.
PORTLAND,
SEATTLE, SPOKAJCE,
TACOMA- -
Downing-Hopkins Co.
- BROKERS
Established 1893.
Flocks, PrtT-at.
Grain. Wires
S01-2-S-4 Cone. Bids.
THE UNITED STATES
"NATIONAL BANK
PORTLAND.
UNITED STATES DEPOSITORY
Capital - - - $1,000,000.00
Surplus md Profits, $725,000.00
I
OFFICERS:
. C AISWOIlTll, President.
R. LEA BARNES,
AY. M. WRIGHT, Assistant Cashier.
LETTERS OF CREDIT AND TRAVELERS'
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on all FOREIGN COUNTRIES
Lumber mens
National Bank
Portland, Ore.
Capital
DEPOSITS.
May 1, 1910 $2,910,185.89
May 1, 1909 1,667,689.25
Increase
OIL STOCK SPECULATION
If you -wish to speculate in Oil Stocks, do so intelligently. TXonJt expect to get
something: for nothing, for the man who tries to get something for nothing usually
gets nothing for something. There is just as good or a better chance to make bis
profits in a nrst-olass, legitimate oil stock when that is given the best stamp of approval
by being listed on the exchanges as there is In a stock all ot the particulars of
which are not so weil known. Take, for Instance, California Mil way, which has
jumped recently to seven times its first price, making every $100 grow to $700 In
a month's time; or Silver Tip, which went from 75c to $8.50 almost in a day. These
are both well-known listed stocks, and these appreciations in them have taken place
very recently. There are many more like these which lack of space prevents our
commenting upon here.
Now, as Ions as you can make such a profit as these without taking big chances,
why not confine your speculations to such high-grade listed stocks as Coalinga
Central? This company is composed of some of the foremost men in the oil industry;
have a splendid big 120-acre property right in the center of the producing Coalinga
oil fields, now have two producing wells and two more drilling and Bhould be paying
1 per cent monthly dividends on par this Fall. The property can easily earn 3 per
cent per month on par, which is equal to over loo per cent per annum on present
investments when the property is developed. Stock paying 6 per cent per month
should certainly be worth, three times its face value, which would make Coalinga
Central worth J&3 a share. It can now be bought on either the California Stock and
Oil Exchange at San Francisco or the Los Angeles Exchange at prices around 5c per
sbare. Surely such chances for appreciation in value and such karge rate of earn
ings as this stock will show should satisfy the most confirmed speculator, and yet
when an investment is made In this same stock the purchaser is not taking a lung
chance.
A full detailed report with photographs, maps, etc., will be furnished to those
calling at our office or who send in the coupon below. We will also arrange to send
the illustrated magazine, "Oil Securities," for six months without charge to those
sending in this coupon.
roc pox.
PACIFIC STATES GUARANTY & LA NO CO, 501 first National Bank
Bide., San l-'ran Cisco, CaL.
Gentlemen Please send me, free of cost. Information regarding
stork referred to above; also free copy of oil magazine, "OITj fci-KCUR-ITIKS."
for six months all this without any obligation whatever on
my iart. P.-O. 6-7
Name ......
Street and No City . . .'
Many property owners
KNOW NOW
many-will learn, that
BITULITHIC
Pavement has more sta
bility, more real value
than eny other hard-surface
pavement laid.
TRAVELERS' GUIDE.
Canadian Pacific
Less Than Four Days at Sea
Weekly Sailing Between Montreal,
Quebec and Liverpool.
Two days on the beautiful St. Lawrence
River and th. shortest ocean rout, to Gu
rooe. Nothing better on the Atlantic than our
Empresses, Wireless on all steamers.
First-closss S80. second $51.25. one class
cabin 41.&0.
Ask any ticket agent, or write for sail
ings, rates and booklet. F. R. Johnson. Gen
eral Agent. 142 Third St.. Portland. Or.
HONOLULU
And Back (First Class)
by Itya from S. F.
$110
The splendid twin screw steamer SIERRA
(10.000 tons displacement) sails March 20,
April 16, May 7 and every 21 days. Round
trip tickets arood four months. Honolulu,
the most attractive apot on entire world
tour. BOOK NOW and secure best bertha
LINK TO TAHITI AND NEW ZEALAND.
8. 8. Mariposa and Union Line, sailings
April 15. May 21. June 20. etc. Tahiti and
back. (24 days), $125 first class. New Zea
land (Wellington). $246.25 first class. R. T.
aix months.
OCEANIC S. S. CO..
673 Market Street. Ban Francisco.
COOS BAY LINE
5-DAY SERVICE.
Steamer Breakwater leaves Portland 9 A.
M , May 4, 9, 14, 19. 24. 29 and every Hv
days, from Ainsworth Xock, for Xorth Band,
Mcrshfleld and Coos Bay points. Freight
received until 5 P. M. daily. Passenger fare,
first-class. $10: second-class, 7. including
berth and meals. Inquire City Ticket Office,
Sd and WasninaTton sts.. or Ainsworth Dock,
Main 288,
SAN I-KA"CISCO & PORTLAND STEAM
SHIP COMPAXY.
On?y direct steamers and daylight sailings.
From Ainsworth dock, Portland. 9 A. M.
S.S. Ron City. May 7. 21, etc.
S.S.Kansaa City, May 14.
From Pier 40. San Francisco. 11 A. -M.
S.S. Kansas City. May 7.
S.S. Bos. City, May 14. 18. rtr.
11. J. ROCHE. C. T. A., 142 Third St.
Main 402. A 1402.
J. -W. RANSOM, Dock Agent,
Ainsworth. Dock. Main 2U8, A 1234.
OREGON
It. -V. SCHMEER, Cashier.
Viee-Presldent.
W. A. HOLT, Assistant Cashier.
$500,000
81,242,496.64
TRAVELERS' GCTOE.
Trips Abroad
Arc Not Expensive
They cost less and of
fer more enjoyment tban a
By the vacation at a fashionable
seaside or monntainresort.
Write us for details.
North German
Lloyd
From New York
Express ssilings
EVERY TUESDAY. 10 A. M.
Twin-Screw Fast Mall
sai lings
E VEK Y THURSD A Y. 1 0 A. H.
Mediterranean Ports
EVEHY SATURDAY. 11A.M.
Wireless and Submarine Signals.
Independent Around - the -World
Tours.
Travelers' checks good ill over
the world.
Illustrated Booklets on Requmst.
To
LONDON
PARIS
'BREMEN
S Broadway, New York City f
BOBEKT ( .U'ELLK, Gen. Pa-
HHc Coast Act.,
250 Powell St.. 8an Francisco
COOL SUMMER CRUISES.
VIA SMOOTH "INSIDE PASSAGE"
Only Seven Cruises; Number of Passengers
Limited; Best Reserve Berth Quickly.
FARE $100 AMD UPWARDS
INCLUDING BERTH AND MEALS
EsfWrit. for folder containing Ljrg. picture
of famous MUIR GLAC1KR. fr... Address
"TICKET AGENT," PACIflC COAST S. S. CO.
249 WASHINGTON ST. PORTLAND
CCANDINAVIAN-AMERICAN LINE
i-t7 10,000 Ton Twin-Screw Pasaenger
Steamers Direct to
Norway, Sweden and Denmark
C. F. Tletiren. .May 51 Oscar It June H
I'nited States. May 12 F Tletgen June 19
Hellitj Olav. . .May 20 United States June 2S
All Strainers equipped with Wireless
First cabin, $75 upward : second. oi.
A. E. JOHNSON & CO., 14 Washington Avt.,
South Minneapolis, Minn., or Local Agent.
Columbia River, Port
land and Astoria Route
Steamer Hasaalo leaves Portland Tly.
except Saturday, at 8 P. M.; returning,
leaves Astoria daily, except Sunday, at
7 :00 . A. M. Tickets Interchangeable with
steamer "Lurlln." which leaves Astoria
daily, except Sunday, at 7:00 P. M.
San Francisco and Los Angeles DIreat
North Pacific S. S. Co.'s steamships
Roanoke and Elder sail alternately every
Tuesday at S P. M.
S.S. Santa Clara sails for Eureka ajid
San Francisco March U6, April 9, 23, May 7,
21. at 4 P. M-. from Martin's Dock, foot of
17th st. Ticket office 132 3d st. Phones
1314; A 1314. H. YOUNG, Agent.
ALASKA
4