Morning Oregonian., June 22, 1910, Page 21, Image 21

21
OFFERS ARE RAISED
WHEAT SOABS HIGH
THE MORNING OKEGONIAN. WEDNESDAY, JUNE 22, 1910.
Wheat Buyers Now Bidding Up
to Sellers' Prices.
UNDERTONE IS STRONG
Flour Market Also Improved Because
of the Strength of Wheat in the
East Export Trade May
Be Revived.
The sharp bulges In the Chicago wheat
market have been reflected here in
tronger feeling than has prevailed hereto
fore this year, but there has been no eleva
tion of prices as yet. The quotations that
nave been in force for some time have been
those at which wheat has been held, but
have been above what buyers would pay
except for an occasional small lot to go
Couth, and consequently no large amount of
business has been done. The rise in Chi
cago this week, however, has brought the
Meas of buyers up to these quotations.
European prices have been below a parity
with, the North Pacific Coast, but are get
ting On an equal level again. It is evident
from the way the foreign markets are ad
vancing that they dropped too low, for
they are now responding quickly to the
American crop news and prices. Still, the
Improvement abroad may not lead to any
foreign business here, as It is not believed
there is much export wheat left In the.
North west.
The change for the better in the wheat
market Is a welcome one to the millers, as
It will. If it lasts, insure them against any
reduction in flour prices. It is more than
likely that the flour list may be advanced,
especially if the Eastern wheat markets act
in the next few days as they have recently.
It is also believed that the upward move
ment In the American wheat market will
have a beneficial effect on the export flour
trade, particularly as the crops of China
and Japan have also been damaged. There
Is a fair amount of Inquiry now from the
Orient for flour, but at prices below what
shippers will accept.
According to the report of Vice-Consul V7.
L. L. Williams, at New Oh wan g, American
flour for the first time in many years dis
appeared in KHf completely from the Import
statistics of that port. He writes:
The American setback is partly due to
natural causes, such as lower silver ex
change, and the competition of -local mills
operated on a silver basis and purchasing
grain of local production. Poor marketing
methods are also to blame. The flour con
sumed here is now chiefly supplied by the
Shanghai mills, but during last year a con
siderable quantity from Russian mills at
Harbin and the Japanese mills at Tiehllng.
found its way this far south. For some time
the Japanese mill at Tlehling was forced
to suspend operations, owing to the keen
competition from Harbin mills. which,
financed -by the Russo-Chinese Bank and
granted exceptional shipping facilities by
the Chinese Kastern Railway (the Russian
line), were able to market their products at
a price- impossible to the Japanese mill.
However, with the cheap grain due to a
large harvest and the recovery of the Muk
den market, it has commenced . working
again.
' Local receipts. In cars, were reported by
the Merchants Exchange as follows:
Wheat Barley Flour Oats Hay
Monday 11 2 8 2 5
Tuesday 4 4
Year ago .... 2 1 1
1321 2174
lo3S 1640
22c: ducks, 1-4 20c; geese, ll14c; tur- ,
keys, live, "20c; dressed. 25c; squabs, $3 -per
dozen.
FORK Fancy, 11 Vi 12c per pound.
VEAL Fancy, 1041 lc per pound.
LAMBS Choice, 8 11c per pound.
Vegetables and Fruits. . ..
GREEN FRUITS Apples, Oregon New
town, $24 per box; new California. $1.75
fa 2-25 per box; cherries, Bfgr I'.'c per poundj
apricots, $1.25 ffi-1.35 per box; peaches,
per box; plum's, SI f 1.25 per box; goose
berries, 5 & tie per pound ; currants. T- per
bcrx.
BERRIES Strawberries, $1.50 1.65 Pr
crate; blackberries, 0c$l per crate; rasp
berries, $1.50 per crate ; loganberries, 7oc
ii 1 per crate; blackcaps, $2 per box.'
MELONS Cantaloupes, $2 2.50 per crate.
TROPICAL FRUITS Oranges. 42.25G&
lemons, $4..0&6; grapefruit, $3.2500 per
box; bananas. 5 Ho per pound; tangerines.
$1.75 per box;, pineapples. 1.503 per dos.
VEGETABLES Artichokes, 0&73c per
dozen; asparagus. $1.25 2 per box; beans.
8(&10o per lb.; cabbage. 24'&'2o per lb.;
cauliflower, $2 per doz.; earn, 20(& 30c per doc;
cucumbers, OOcSl per doz.; head lettuce,
DOOuc per doz.; hothouse lettuce. 50c $L
per box ; garlic, 10 12 Mi c per lb. ; horse
radish. 810c per lb.; green onions, 13c per
doz.; peas, 4&."5c; peppers, 20c per pound;
radishes, 15 20c per dozen; rhubarb, 3c
per pound; spinach, b if 10c per pound;
squash. 76c per ciate; tomatoes. 60c4f$2
per box.
SACK VEGETABLES Rutabagas. $L25&
1.50; carrots. S5ct&$l; beets, $1-50; pars
nips, ' 7ocft $i.
POTATOES Old Oregon, 60 75c per hun
dred; new California, l;2c per pound.
ONIONS Bermuda. $1.&0 1.75 per cratsj
red, $2 u 2. 25 per sack.
Another Jump of Over' Three
Cents -a Bushel. L
WHIRLWIND OF BUYING
3
Peason to daje 0077
Tear ao ....10526
1459 209
73 2794
.Defer Their Purchase Fending Crop De
velopments. The position of the English hop market
is stated by Cattley, Gridley & Co., of Lon
don, in the following circular:
"Since our last circular letter the hop
market has gradually Jended in consumers
favor, entirely owing . to the exceptional
and harassing burdens that have been
placed upon the licensed trade by the
Budget. This directly affected the demand,
and some holders lowered their Hjuo tat ions
and pressed their stocks for sale. Trade,
though small, has absorbed these, and to
day the market presents a very bare supply
of English hops of last year's growth, and
surh are generally held firmly, awaiting de
velopments in the plantations. Currency
is somewhat nominal, and varies between
100s and 16 0s. very few choice parcels be
ing obtainable. Yearling English are also
scarce, but some useful quantities are of
fered from 50s to 90s.
"The Pacific Coast market has fallen con
siderably, useful second -class grades being
now quoted from 90s to 105s. Continental
markets are also lower, but still far above
the English currency, so that there is very
little demand for English account. The
general position Is - one of wait and see."
Most consumers being fairly well supplied
are not likely to Increase their reserve un
less and until something occurs in the Eng
lish plantations to give them cause for
anxiety as to this year's crop. At the same
time, with stocks being so extremely short,
the policy of waiting is somewhat hazardous,
for those who are not so well supplied. In
such cases bargains can be occasionally
found."-:
Groceries, Dried Fruits, Etc
DRIED FRUIT Apples, 10c per pound;
peaches, 7c; prunes, Italians, 45c; prunes,
Frencn, 4 5c; currants, lac ; apricots. lc;
dates, 7c per pound; figs, fancy white, 6feo;
fancy black, 7c; choice black, 5 Vic.
SALMON Columbia River, 1-pound tails,
$2 per dozen; 2-pound tails, $2.95; 1-pound
fiats, $2.10; Alaska pink', 1-pound taii, UOc;
red, 1-pound tails. $1,45; sock eye, 1-pound
tails, $2.
COFFEE! Mocha, 24Q2Sc; Java, ordinary,
1720o; Cosca Rica, fancy, 18 'a1 20c; good,
lttlsc; ordinary, 12 16c per pound.
NUTS Walnuts, 15c per pound; Brasll
nuts, '13 I5c; Alberts, lGc; almonds, 17c;
pecans, 19c- cocoa nuts, MJcQ)$l per dozen.
SALT Granulated, $15 per ton; half
ground, lous. $10.50 per ton; 50s, $11 per
tun.
BEANS Small white, 6Vicj large white,
4c; Lima. OVsc; pink, 7c; red .Mexicans.
7 4 c; bayou, 7 9i c.
SUGAR Dry granulated, fruit and berry,
$0.25; beet, $0.00; extra C, $5.75; golden C,
$5.t5; yellow D, $5.65; etibes (.barrels).
$5.65; powdered, $tt-50; Domino, $10,404
10. 0O per case. Terms on remittances with
in 15 days deduct 4c per pound. It later
than 15 days and wltnin 30 days, deduct He
per pound. Maple sugax, 15&lSc per pound.
RICE No. 1 japan. 4e; cheaper grades,
3.50p4.55c; Southern head, 6V ?7c
HONEY Choice. $3.25tif3.50 per case;
strained, 7c per pound.
Provisions
BACON Fancy, 2Sc per pound; standard,
254fcc; choice, 24 ',4c; Englisn, 22 Vs 323 o.
HAMS 10 to 13 pounds. 20c; 14 to lfl
pounds, 20c; 16 to 2u puunda, 19c; hams,
skinned, 21Vsc; picnics, 1 5 c; cottage roils,
none ; boiled hams, 27 ip 20c,
"LARD Kettle rendered, 10s, 174c; stand
ard pure, 10s, 17s; choice. 10s, 10c.
SMOKED BEEF Beef tongues, each, 60c;
dried beef sets. 22s; dried beef outside, 20c;
dried beef inside. 23c; dried beef knuckles.
22c.
DRY SALT CURED -Regular short clears,
Oregon exports, dry salted, 17 He; smoked,
dry salt, 17c; smoked, 18c; short clear
back, heavy dry saKed. Ific;' smoked, Ibc.
PICKLED GOODS Barrels : Pigs' feet,
$16; regular tripe. $10; honeycomb trips,
$12; lunch, tongues, $19.50; mess beef, ex
tra, $14; mess pork. $30.
CANTALOITE PRICES ARE AGAIN Cl'T
Good Demand for All Small Fruits Except
Dogn n berries.
Price-cutting oh cantaloupes was renewed
on Front street yesterday and good'quality
fruit wa sold as low as $2 a crate, with fair
chance of the market being in equally bad
shape today. There was a good demand for
peaches and most ef Monday's large ship
ment was worked off. Another car of
peaches came- In last night. Apricots aold
well, ai did plums, of which the quality is
now improving.
There was a fair market for small fruits,
except loganberries, the supply of which
keeps beyond the local demand. Prices
ranged from 7, cents to $1 a crate. Rasp
berries were quoted at $1.50 1.65 per crate.
Poultry Receipts Large.
Poultry receipts were large, as usual on
Tuesday, and as buyers showed no keen
ness to take on supplies, the market
dragged. Hens sold at 15H and 16 cents
and 22 H cents was about as much as any
one would pay for Springs.
Receipts of Oregon eggs were light, but
ths sale of them was interfered with by the
free offering of Eastern eggs at lower
prices.
Butter and cheese were In active demand
and firm at the old prices.
Bank Clearings,
Bank clearings of the Northwestern cities
yesterday were as follows:
- , Clearings. Balances.
Portland $1.475,3SS $187,3"!
Seattle 2.S52.&55 243.377
Tacoma . . 101.671 32,205
Spokane 811.770 136,081
PORTLAND MARKETS.
Grain. Flonr, Feed, Etc
WHEAT Track prices: Bluestem. 819
83c; club, 78c; red Russian, 76c; Valley, SOc
FLOUR Patents, $5.15 per barrel;
straights, $4.064.75; export. $3.603.80;
Valley, $6.30; graham, $4.80; whole wheat,
quarters, $5.
BARLEY Feed and brewing. $1D20 per
ton. -
CORN Whole, $33; cracked, $33 per ton.
HAY Track prices: Timothy, Willamette
Valley, $20 21 per ton; Eastern Oregon,
$22fe24; alfalfa. $15&16; grain hay, $174118.
MILL STUFFS Bran. $20 per ton;' mid
dlings, $30; shorts, $2122; rolled barley.
I24.6025.50,
OATS No. 1 white. $25.50 per ton.
Dairy and Country Produce.
BUTTER City creamery. extras. 29c;
fancy outside creamery. 2829c per pound;
store, 204? 23c. Butter fat prices average lo
per pound under regular butter prices.)
EGGS Or eg on candled, 2 6 1 7c per
dozen; Eastern, 24c.
CHEESE Full cream twins. 1717$o
per pound: Young America. IfJlS'e. :
POULTRY Hens, l&i.ifeltic; broilers, 220
Hops, Wool, Hides. Etc,
HOPS l'JOy crop, 11 13c, according to
quality; olds, nominal; 1V10 contracts, 13
13 He nominal.
WOOL Eastern Oregon, 14$17o pound;
Valley, 16200 per pound.
MOHAIR Choice. a2ac per pound,
CASCAKA BARK 4 H U' 5c per pound.
HIDES Dry hides, loHSclGc per pound;
dry kip. 15H16c per pound; dry calf
skin, 17 10c per pound; salted hides, T H &
be; salted calidkln, 140 per pound; green
hides, lc less.
PELTS Dry,' 1012c; salted, butchers
take-off. $1.15.01-40; Spring lambs, 25 ? 45c
. . A
Oils.
LINSEED OIL Pure raw in barrels, 8c;
kettle boiled, in barrels, 88c; raw. In cases,
Sic; kettle boiled. In cases, if Sc. Lots of
250 gallons. 1 cent less per gallon.
TURPENTINE In cases, b2c; in wood
barrels, 70 H C.
COAL OIL Water white In" drums. Iron
barrels or tank wagon, lie; special water
white in drums or Iron barrels, 14 He; union
kerosene in cases 2-bs, 18 He ; oleum kero
sene in cases 2 -5s, 21 He; Aurora kerosene
In cases, 2-5. 21 He.
GASOLINE Union gasoline In bulk, 17c;
Union gasoline in cases 2 -5s, 24c; Union
motor spirit in bulk, 17c; Union motor
spirit in cases z-os, zc; iso. i engine dis
tillate in iron drums, S He; No. 1 engine
distillate In cases 2-5s, 15 He; V M. &
P. Naptha In iron drums or barrels. 12 He;
V., M. & P. naptha In cases 2-os, 19 He;
BENZINE Union benzine in iron drums
or barrels, 12 He; Union benzine la cases
2 -6s, 19 He
LEMONS DOLLAR HIGHER
SHARP ADVANCE RECORDED IX
SEATTLE MARKET.
Oregon Eggs in Better Demand Than
Locals Butter Firm and "
Poultry Unchanged.
SEATTLE, Wash., .Tone 21. (Special.
The lemon market today, with Its advance
of $1 flat, was the sensation of the fruit
trade. Dealers placed - the responsibility
on the short crop and the jump in ("htcasn
to $7 and $S a box. which they ansert is
coming here before the week-end- clean-up.
Cherries crawled up a quarter on pood
jrrades. Mrawberries - were loyal- to prophe
cies yesterday and the market weakened
and dropped off 50 cents. lake Washing
tons, however, escaped the cut. The canta
loupe market is flooded with the fruit, but
the prices remain stationary, principally
because of the vigorous demand. The first
black Aks of the season appeared today and
were sold at $1.50.
Wheat advanced a cent horizontally, car
rying barley with It. for an upturn. The hay
market was brisk, but trading; was limited
altogether to small deals, the usual heavy
ton-lot buyers having disappeared for the
wc?k.
Ranch egs appeared on the market today
in a more Renerous supply, but the quality
has been almost uniformly poor. Against
them Orepon and Eastern eggs have a fair
chance and the demand was equally divided
among purchasers on the street. Butter
remained firm and poultry was unchanged.
One sale of frozen Eastern geese- was made
on the board at- 1ft cents, but this was an
emergency deal and dealers declare had
nothing to Co- with the market. The veal
market was lifeless with small trades.
SAX IKASCISCO QUOTATIONS.
Produce I 'rices Current in tb. Bay City
Markets.
SAX FRANCISCO. June 21. The follow
ing, prices were- current in the produce
market today:
Butter Fancy creamery. 2Sc; creamery
seconds, 27 Vic; fancy dairy, 26c.
Cheese New. lHMHa; young America,
lJSfltJtec
Eggs Store, 25',-ic: fancy ranch, 27ic
Poultry Roosters, old, $5 5.36; roosiers.
young. $8 10; broilers. small. f 2.25 3;
broilers, large, $3.u04; fryers, 4tf(7.50;
bens, (3010: ducks, old, $B7; ducks,
young, $K&10.
Vegetables Cucumbers. $1532.50; garlic, Z&
4c; green peas, tl.nof 2.50; string beans. 0
(nlOc; asparagus. 75c&-(1.50; tomatoes, 60
7ac; eggplant. o-iiSc.
Hops Calitornia, 12 lie.
Potatoes Early -Rose, 4U69c.
Fruit Apples, choice SOc: apples common.
35c; bananas.- -7uc$3;- Mexican limes, $6 54
4f7; California lemons, choice, $2.605.so;
oranges, - navels, $1.50&3.25; pineapples
nominal.
Millstuffs Bran, $23 21; middlings, S"8
Wheat. $12(3' 16.50; wheat and oats
$914; alfalfa, $7.60 11; stock, $67;'
straw, per bale, 40 U G3c
Receipts Flour. 5J72 sacks;- barley. 58S0
centals; Vans, 540 sacks; corn, 210 centals -potatoes.
i30 sacks; bran, 16 sacks: mid
dlings, 112 sacks; hay, 252 tons; wool, 30$
bales: hides, 145.
" Iowa-Crop Bulletin.
DES .MOIXES. la..- June 21. The Iowa
crop bulletin, issued today by Dr. George M
Oiapelle. section director, states that rain is
badly needed in the eastern and extreme
western counties of Iowa. The stand of corn
has improved: oats are in exceptionally goo4
condiUoa. SLIltl fijruuU isr&in is H i n ff WaU
High Temperatures and Dust Storms
Prevail in the Drouth-Stricken
Spring-Wheat Country in
' the Sorflmest.
CHICAGO, June 21. Temperatures of 100
and HO, dust clouds preventing sight 20
rods ahead, and total absence of rain that ;
was a picture today of the "drou'.li-strlcken ,
wheat country in the Northwest presented to
the trade on change here today. A whirl
wind market resulted and the highest prices i
of the season were made near the close.
Final quotation showed a net advance of '
2&2ic to 34ji34c as compared with
last night's figures. Corn finished tic'
to v3c and oats li&c higher. - Pro- .
visions closed 5c higher to. 20c lower.
By far the greatest speculative . strength l
in wheat for months was shown today. A
warm wave over the Spring crop and sen
sational advances in prices in Northwest
markets were almost the sole causes bade of
the extraordinary buying here. The scare
which has been on for several days in re
gard to the late-sown wheat, developed into
a semi-panic at the outset. It appeared as
if nobody wished to sell the grain st any
price. Profit-taking by "holders gave the
market oniy a few temporary setbacks. A
decrease of 6,300.000 bushels in the world's
visible supply occasioned notice. aUhough
chielly as bearing some relation to the acute
situation in the American Xorthwest. Even
Winnipeg reported extreme drouth and- sent
predictions that without heavy rains soon
there would be only half a crop. September
ranged from 5c to 8 tfc f8 H c and closed
strong at 7&!Sc. a net gain of 3&:iMc.
Business in the corn pit was of large di
mensions. September fluctuations were be
tween 60 74c and 61 Vic with the close strong
at 81 c, a net advance of c. The casn
market was tlrm. No. 2 tellow closed at
60 (t 61 H c.
Oat conditions were a reflection of 'do
ings in other cereals. The variations In
the price of September delivery were bound
ed fcy 38Vtc and 3914c. Last figures were
S9 314c. a rise of 154 ig, 1 c above the
previous close.
July pork alone retained 5c of a moderate
advance, which all products shared -early.
September pork finished 20c net lower and
other articles down 5 to 12c.
The leading futures ranged as follows:
WHEAT.
Open. High.
July $ .9734 $ .SS7
-ST'.i .98 H
.9814 .
CORN".
.no
.si VI
&9i
OAT3.
.40
.3914
. 40
MESS PORK.
23.70 23.95 2.60
22.90 22.95
LARD.
12. 55 12.55
12.62 12.S2M
SHORT RIBS.
1J.20 13.20 1S.65
12.72 12.72V4
Bonds
Investments
Timber Lands
McGrath & "Neufcansen Co.
701-24-4-5 lewis BUg.
PQRTUm . OREGON
Sept
Dec - . .
July. . .
Sept. . .
Dec. ..
July. ..
Sept. . .
Dec.
Julv. . .
Sept
July...
Sept. ..
.61
.514
.39
.39 1,
.40
Low.
$ .9814
.95
-9S
,.5
. .60
.58
.39
.38 Va
22.67
12.42
12.47
Close.
$ -s
.98
.9ST,
.ns
.61
.58
. .39
.39 H
.40
23. TO
22.70
12.45
12.60
July.
Sept.
12.60
follows
, IS.07
12.60
476 52c; fair to
Cash quotations were ai
Flour 20c higher.
Rye No. 2. 757Sc.
Barley Feed, or mixing,
cnoice malting, &z$i64c.
.Flaxseed -No.- 1 Southwestern, $2.05; No.
1 Northwestern, $2.15.-
Timothy seed. $4.35.
Clover $11.25.
Pork Mess, per barrel, $23.87 24.
Lard Per 100 pounds, $12.45.
Short ribs Sides (loose). $12.40. '
Sides Short, clear (boxed), $14 14.25.
Orain statistics: ,
Total clearances of wheat -and flour were
equal to 77.000 bushels. Primary receipts
were 233,000 bushels, compared with 202.
000 bushels the corresponding day a year
ago. The world's visible supply, as shown
by Bradstreet's. decreased 300.000 bushels.
Estimated receipts for tomorrow; "Wheat, 5
cars; corn, 179 cars; oats, 81 cars; hogs,
2500 bead.
Receipts.
Flour, barrels ...... 15.600
Wheat, bushels 15,600
Corn, bushels 406,800
Oate, bushels 307.800
Rye. bushels 2.000
Barley, bushels 9.300
Shipments.
18,700
78,000
560,000
286,000
. Grain and I'roduce svt New York.
XTSW YORK, June 21. Flour Firmer,
with" moderate demand. Spring patents,
$5.25fi5.60; Winter straights. 4.30 & 4x40;
Spring clears. $4,156)4.40: Kansas straights,
$4.654.85. Receipts, 25,355 barrels; ship
ments, 5524 barrels. .
Wheat Spot strong. Jfp. 2 red. $1.05
nominal c. i. f. to arrive; No. 1 Northern,
$1.02 nominal f. o. b. to arrive. Wheat firm
and higher on small offerings 'and fairly
active buying, 'due to sensationally bullish
crop and weather reports from the North
west, closing at 2u3 cents net advance.
July closed $1.05; September closed $1.04;
December closed $1.05. Receipts, 9600
bushels.
Hops -Firm.
Hides-i-steady. Central America, '22c; Bo
gota. 21 '22c.
Petroleum Steady.
. Wool Quiet.
Grain at San Francisco.
PAN FRANCISCO, June 21. Wheat and
barley steady. .
Spot quotations
Wheat Shipping. S1.401.45.
Barley Feed, 97c$l; brewing, $1.07
61.10.
Oats Red. $1.17 1.27; white, $1.42
4t,1.47; black: nominal.
Call board sales
Barley December. $1.024.
Corn Large yellow, $1.51 1. 53.
Minneapolis Grain Market.
MINNEAPOLIS, ..Tune 21. Wheat July,
$1.12: September. $1.U3T4: December. $1.01.
Cash. No. 1 har1. $1.16: No. 1 Northern.
$1.14& 1.15: No. 2 Northern. 1.12Vgi
1.13; No. 3 Northern, 1.UB1.11.
-Flax closed $2.15.
Corn No. 3 yellow. 55a56c.
Oats No. 3 white. 37j3ec.
Rye No. 2. 0Sj'72c.
European Grain Markets.
LONDON. June 21. Cargoes, firmer. Walla
Walla for shipment at 33s.
English country markets' quiet; French
country markets quiet.
LIVERPOOL. June 21. Wheat July, 6s
64d; October, Cs 8d. Weather fine
Duluth Klax Market.
" Dl'LUTH. June 21. Flax on track, to
arrive. $2.15: July, $2.13 bid: September,
$2.08 bid; pctober. 3)1. DT asked.
Grain Markets of tne Northwest.
TACOMA, June 21. Wheat Bluestem, 80c;
club, 77c; red Russian, 75c.
SEATTLE. June 21. Milling quotations:
Bluestem, e5o: forty-fold. S3c; club, 82c; Fife,
82c; red Rujwian. SOc. Export wheat: Blue
stem, 82c; forty-fold. SOc; club. 79c: Fife.
79c; red Russian, 77c. Yesterday's car re
ceipts, wheat, 13 cars; oats, four cars.
Change in Available Supplies..
NEW YORK. June 21. Special cables re
ceived by Bradstreets show the following
changes, as compared with previous ac
counts: Bushels.
Wheat. United States east of the
Rockies, decreased 2. 02. 000
Canada, increased , 328,000
Total, United States and Canada,
decreased 1,700,000
Afloat for and in Europe, de
creased - : 4,600,000
Total, American and European sup
ply, decreased 6,300.000
Corn. United States and Canada,
decreased . . 1,224,000
Oats, United States and Canada,
decreased .1.0360.000
EASTKRN WOOL MARKET LISTLESS.
Mills Are Curtailing Dealers Buying Little
of New Clip.
BOSTON. June 21. The wool market lo
cally remains listless with scarcely any in
quiry and fewer sales. Local dealers have
made few purchases in the West, believing
that prices there are still too high. Mills
are curtailing and while the light . goods
market opens soon, there is no demand for
raw material in sight.
A fair demand is reported for the foreign
product. Quotations:
-"-UfnrnU 1 XniUiern SISiGc; tihhi
Many property owners
KNOW NOW
many will learn, that
B1TULITHIC
Pavement has more sta
bility, more real value
than any other hard-trar-face
pavement laid.
County, 5052c; Southern, 4547c; Fall
free. 42 - 4c. "
Oregon Eastern No. 1 staple. ei'frSSc;
Eastern clothing, 5S-59c; valley. No. 1.
64 9 55c.
Territory Fine staple, 630s65c: fl.ie me
dium staple. 6263c: fine staple clothing,
5Sfe60c: half-blood. 57&5Sc: three-eighths-
olood, 55 56c; quarter-blood oombing, 52
V 54c.
Pulled, extra, 870c; fine A, 60662c; A
supers, 56fgr5&c.
Wool at St. Louis.
ST. LOUIS. June 21. Wool Steartv. Ter-
rltory and Western mediums. 1722c; line
mediums, lucgiiic; line, ii4c.
Dulry Produce In tUe East. .
NEW TORJC. June 21. Butter Firmer.
Creamery specials. 28c; extras. 27c;
thirds to firsts. 25&27c; state creamery.
common to .fine. 2327c; process seconds to
special. zjn-c.
Cheese Steady, unchanged.
Eggs Firm. State Pennsylvania and
nearby hennery white. 2S&2SC; do. gathered
white. 22ftr26c: do. hennery brown. 23 tfi! :5e-;
do. gathered brown. 21-c23c; fresh gathered
extra nrsts. zu -a zic; nrsts, 19-200.
CHICAGO. June 21. Butter Steady; cream
eries, 24fi27c: dairies, 23-ff2c.
Egga Receipts. 23,552 rnt.cs steady - at
ihm 1 1. cases incjuaea. 10-1010-41:; nrsts, I7c;
prime firsts, 18c.
Cheese Steady : daisies. loWloic: twins
1&15C: Young Americas, 151i15c; long
horns. lSiglS'.c.
Dried Fruits at New York.
NEW' YORK. June 21. Evaporate-1
apples Steady, quiet. Spot fancy, lOiej
lofcc: choice. 8tji8c; prime. 787'c; com
mon to fair, 6ttt6c.
Prunes Quiet, steady. Quotations. MffiOc
for California up to 3O-40c, and 3xti4c
Apricots Quiet, easy; Choice. lOSMOUc:
extra choice. loajt-llc: fancy. 10 S lli-.c
Peaches Quiet, barely steady. Choice,
6(&6c; extra choice, 77',4c; fancy, 714
7c
' Raisins Quiet, steady. Loose muscatels,
3-fi4-'4c: choice fancy seeded, 3 0 6 c ;
seedless, 3 &4c; London layers, $L20
1.25.
f Coffee and Sugar.
NEW YORK. June 21. Coffee closed quiet,
net unchanged to 5 points lower. Sales,
3500 bags. Clostng bids follow: June and
July. 6.45c; August. 6.50c; September and
October, 6.60c; November and December.
6.65c; January. 6.70c; Februarv. 6.75c
MarchT 6.75c: April. 6.76c; Mav, 6.77c. Spot
steady. Rio No. 7. S H W 8 5-16c; Santos No.
4, 9c. Mild quiet. Cordova. 9e12Hc
Sugar Raw. firm. Muscovado. .89 test,
3.74c; centrifugal. .96 test. 4.24c; molasses
New Southern Pacific-First Mortgage, San
Francisco, Terminal 4 Bonds
Twenty-five Million Dollars, Southern Pacific Company, Sari Francisco, Terminal First
Mortgage Four Per Cent Bonds, due April 1, 1930, interest payable April 1st and October 1st.
The entire issue outstanding (but not any part) subject to redemption by the company at one
hundred and five per cent and accrued interest on April 1, 1915, or on any interest day there
after. Coupon bonds in denominations of $1000, $500 and $100 eacli, with privilege of registra
tion as to principal. Fully registered bonds interchangeable with coupon bonds. Principal and
interest payable without deduction for any tax or taxes which the company ,may be required
to pay thereon of to retain- therefrom, under any present or future law of the United States, or
of any state, territory, county, municipality or other taxing authority therein.
The undersigned will receive subscriptions for the above bonds at ninety-three (93) per cent
and accrued interest to delivery.
The subscription will be closed at 3 o'clock P. M. on Friday, June 24, 19l0, or earlier, the
right being reserved to reject any applications and to award a smaller amount than applied
for. The undersigned reserve the right to close the subscription at any time without notice.
A first payment of fifty dollars per thousand-Hollar bond subscribed for must accompany .
all subscriptions. The balance of the amount due on bonds allotted upon subscriptions will be
payable on July 7, 1910, at the office of the undersigned, against temporary certificates ex
changeable for engraved bonds as soon as ready. If no allotment be made, the first payment
will be repaid in full, and if only a portion of the amount applied for be allotted the balance of
the first payment will be applied toward the amount due July 7, 1910. No interest will be
allowed on such first payment. If any further balance remains such balance will be repaid.
Failure to pay the second installment, when due, will render the previous payment liable to for
feiture. '
For full information as to this issue of bonds, reference is made to the mortgage and to a
letter from R. S. Lovett, Esq., President of the Southern Pacific Company, copies of which can
be obtained from the undersigned. From said letter it appears that
FIRST: These bonds are secured by first mortgage on an important terminal railroad and
indispensable terminal property in the City of San Francisco, California, believed to have a '
present value of fully Thirty Million Dollars, i. e., considerably more than the entire amount of
the present issue of bonds.
SECOND: The property covered by this mortgage is used by every train of the Southern
Pacific Company's system entering the City of San Francisco, that is, all local and transconti
nental business except that ferried across San Francisco Baj-.
THIRD: These bonds are the direct obligation of the Southern Pacific Company, whoso
system, owned and controlled, earned a surplus income over all charges, for the fiscal year
ended June 30, 1909, ' amounting to . Twenty-six Million Eight Hundred Seventy-nine Thousand
Four Hundred Two ($26,879,402.00) Dollars. . .
FOURTH: An issue of these Bonds will also be made in Germany, England, Switzerland
and Holland, and both principal and interest will be payable in German Marks, English Pounds,
Swiss Francs and Dutch Guilders, thus insuring a wide international market.
FIFTH: rThese Bonds are a legal investment for savings banks and trustees in the State of
. California and are free from taxation in California under the laws of that state, or of any
county, municipality or other taxing authority therein.
A simultaneous issue of these bonds is being made in Berlin by Direction der Disconto
Gesellschaft, Berliner Handels Gesellschaft, and National Bank fur Deutschland, in Hamburg;
by Messrs. M. M. Warburg & Co. and 'Norddeuische Bark in Hamburg; in Frankfort
O. M., by Direction der Diseonto Gesellschaft; in London by Messrs. J. Henry
Schroeder and Company, in Basle by Schweizerischer Bankverein; in Zurich by Eidgenoessische
Bank, and Schweizerische Xreditanstalt, and in Amsterdam by Messrs. Hope and Co. An issue
is also being made in New York by Messrs. Kuhn. Loeb and Company, and in Boston by
Messrs. Kidder, Peabody and Co. Application -will be made to list the bonds on the New York,
Berlin, Hamburg, Frankfort, London, Basle, Zurich, Geneva and Amsterdam Stock Exchanges.
WELLS FARGO NEVADA NATIONAL BANK, SAN FRANCISCO, CAL. T 1
ANGLO & LONDON-PARIS NATIONAL BANK, SAN FRANCISCO, CAL. 1
CANADIAN BANK OF COMMERCE, SAN FRANCISCO, CAL. ;: 1
FARMERS & MERCHANTS NATIONAL BANK, LOS ANGELES, CAL.
UNITED STATES NATIONAL BANK, PORTLAND, OREGON. . '
sugar. .89 test, 3.6c. Refined. quiet.
Crushed, 6. Sic; granulated, 5.15c; powdered,
5.25 c.
The Brazilian government has resolved to
have the directors of the famous botanical
gardens of Rio Ue Janiero assume some
functions delegated to them byr.e ministry
of agriculture in the nature of experimental
station work. '
THE UNITED STATES
NATIONAL BANK
PORTLAND, OREGON
UNITED STATES DEPOSITORY
Capital - - - $1,000,000.00
Surplus and Profits, $725,000.00
OFFICERS:
J. C. 1ISSWORTH, President. II. W. SCHMEEK, Cashier.
R. L.EA. BARXES, Vice-President.
A. M. WRIGHT, AuUtmst Cuhlcr. W. A- HOLT, Assistant Casbler.
LETTERS OF CREDIT AND TRAVELERS
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on all FOREIGN COUNTRIES
Lumber mens
National Bank
CORNER FIFTH AND STARK-STREETS
PORTLAND, OREGON
Capital $500,000
x OFFICERS.
G. K. Wentworth .Presideat
Joan A. Keating;.... ..Vice-President
Geo. Tj. McPherson. .Vice-President
11. D. Story Cashier
F. A. Freeman Assistant Cashier
Graham Duke hart..Aals tan t Cashier .
mRF.CTORS.
G. K. Wentworta
Chas. S. Russell
P. S. Brumby
Dr. K. A. 1. Mackenzie
Georjre G. Bingham
Lloyd J. tVentworth
J. K. Wheeler
Geo. I. McPherson
John A. Keating
Kobert Treat i'latt
11. 11. Storx
OLDEST BANK ON THE PACIFIC COAST
CAPITAL $1,000,000
SURPLUS and PROFITS $600,003
officers. ;' :
TT. M. LADD, President.
KDW. COOKINOHAM, Vice-President
W. H. DUNCKLET, Cashier.
R. a HOWARD. JR.. Aas't Cashier.
L. W. LADD, Assistant Cashier.
WILTiSR Ai. COOK. Ass't Cashier.
DIRECTORS.
EDWARD COOK TNG HAM.
HENRI li. COREBTT. ,'
WILLIAM M. LADD. ..
CHARLES E LADD. . .'
J. WESLEY LADD. t
8. B. LINTHICUM.
FREDERIC B. PRATT.
THEODORE B. W ILCOX. .
Interest Paid on Seringa Accounts and Certificates of Deposit
We Issue Letters of Credit. Foreign Drafts, and Travelers CnecTcs
Bank Notice
Security Savings and Trust Company
Corbett Building, Fifth and Morrison Streets
Capital and Surplus $900,000
Invites Accounts of
Merchants, Individuals and Savings
First National Bank
Capital $1,500,000
Surplus 750,000
Oldest National Bank West of the
Rocky Mountains
5