Morning Oregonian., June 23, 1910, Page 21, Image 21

TIIE MORNING OREGONIAN, THURSDAY. JUNE 23, 1910.
21
' GERMAN CHOP, SHY
Arthur Heller's Estimates of
Foreign Hop Yields.
SUPPLY LESS THAN NEEDS
Brewers Have Allowed Their Stocks
to Ran Lower Tlian ln Many
ycars Improvement In the
New York Market.
Arthur Heller. - ion of Adolf Heller, of
Prague. Bohemia, one of the best-known
hop merchants of Europe, who mi In the
city yesterday, believes the hop market thl
season will ehow a steady and healthy ad-
ance If It is not Inflated at the start, air.
Heller said:
"We estimate the German crop at S5O.0O0
jlJ 880.000 hundredweight, with a possible
production of 400,000 hundred weight; that
id. provided we have equally as good a
growth as In 1008. and. of course, considering
the present reduced acreage. Our estimate
for all of Europe Is a crop of 1.100.00 hun
dredweight), against a consumption of
1.300,000 hundredweight.
The brewers of Europe have allowed their
stocks to run lower than ever before and
even with a good-sixed crop will be heavy
buyers and surely use up all "the 1010 crop,
as they will replenish their depleted stores."
Mr. Heller, on this trip, has traveled ex
tensively over the United States and Mexico,
and he finds the position of the brewers In
this country abont the same as in Europe.
A New York . letter received yesterday
atd that market Is showing more anima
tion. All the weak holders have been taken
up at 20c and 21c, several hundred bales
having been secured. There are enough
orders to take the remainder of the crop,
1500 to 2000 bales, but the growers ask more
money. The younger New York yards have
Improved, whereas the old yards present a
very sickly appearance and the writer states
that It will be Impossible for the state to
harvest as many heps as last year.
A San Francisco wire reported the weather
In California more favorable and the crop
lightly Improved.
Crop conditions in the various English
sections are reported by the Kentish
Observer of June 9 as follows:
Ashford The hops keep growing fairly
well, but lice and fly are too plentiful, and
preparations for washing are being made.
Cultivation backward.
Benenden The bine in the well cultivated
grounds is making good progress and looks
healthy, but elsewhere it U weak and back
ward. There is a sprinkling of fly.
Bridge The hops have made a capital
start, are growing rapidly and looking won
derfully well, so that for the present, at all
events, tha prospects are very hopeful.
Canterbury and district The bine con
tinues to grow very fast and maintains a
healthy and vigorous appearance. On some
of the poorer land It is rather weak, but
even the worst pieces are in a better con
dition than they were last year at this date.
Some fly can be found here and there, but
the bine is as a rule fairly clean, and there
is nothing at present to necessitate washing.
The thunderstorm on Tuesday evening, ac
companied as it was by a heavy downpour,
will have proved beneficial to the plants.
Edenbrldge With the forcing weather the
bine has grown fast where the cultivation
Is food. The files are Increasing.
Maidstone The genial weather, coupled
with plenty of moisture, has brought the
bine on wonderfully, and the general appear
ance is quite satisfactory. There Is, how
ever, an attack of fly, and growers are anti
cipating the usual outlay In washing.
' North Herefordshire The bine Is making
good progress and is looking well. There
are a few hop files to be found, but we are
hoping to escape a severe blicht.
Petham and district The hops in this
district . have made a first-rate start, the
bine being much more regular than has
been the case for some few vears. There
are quite a lot of tiles, but no washing at
present. Cultivation not very good owing to
so much wet. Same acreage as last year.
Wye and Boughton Aluph The bine is
growing well. There is a sprinkling of fly.
Cultivation improving.
t AN T A IAH PE MARKET DEMORALIZED
Price Is Cut as low as f 1.75 a Crate.
Small Fruits Weaker.
The cantaloupe market has broken en
tirely. Prices were cut yesterday as low as
$1.75 and even , the' best fruit did not sell
over $2.25. The Jobbers lay the blame for
the demoralized market on a California
shipper who has opened a temporary office
here.
In other respects the market was fairly
steady. A. car of Triumph peaches was re
ceived and they were offered at $1 per box.
loganberries were weak at $1 for the best
and raspberries and blackcaps were steady,
the former at tl.50 and the latter at $2 per
crate. Currants were in firm demand at
$22.23 per box. Leraoni and oranges were
very firm. .
New Oregon rjotatoes were fairly plentiful
at 2 cents a pound and new Californias of
fered at H4S1 cents. There is still a mod
erate demand for old potatoes and not jnany
. are -coming in. Jobbers are paying around
GO and 55 cents for sound stock.
OREGON . EGOS ARE ACCUMULATING
Lower Offerings of Eastern Are Pulling the
Price Down.
Itanch eggs are beginning to accumulate
on Front street. With a heavy supply of
Kastern eggs, some of .' the large handlers
have cut down their country crders for Ore
gons, and this Is throwing the bulk of the
receipts on the street, where they have to
be sold in competition with the lower-priced
Easterns. The latter are offering at 24
23 cents, and It has been found necessary to
cut the price of Oregon candled eggs to 20
cents In order to keep them moving.
The poultry market declined again yes
terday. Hens were sold at 15 cents and a
price of 20 cents fixed on Springs failed to
clean up the arrivals. ' Other poultry lines
were quiet. Veal was scarce and in good
demand at 11 cents for the best, and pork
was firm at 1212!4 cents.
The butter market is on a good, firm basis
at the present time, with the dally make
cleaning up regularly. Cheese also holds
firm. '
NO WEAKNESS IN LOCAL WHEAT.
Reaction at Chicago Does Not Afreet the
Holders Here.
The reaction at Chicago yesterday had no
effect on sentiment in the local wheat mar
ket, which continued strong. Bluestem was
quoted at 8282c. There was sotre de
mand from California for choice milling
w'.ieat. Hinders take a strong view of the
iftarket. particularly the farmers, and it is
likely that California's future needs will
have to be met at prices somewhat better
than those now offered. Club wheat was
neglected and nominal at 78c Little Interest
was shown in oats or barley.
Local receipts, in cars, were reported by
the Merchants" Exchange as follows:
Wheat Barley Flour Oats Hay
Monday 11
Tuesday . . . 4
Wednesday . 16
Thursday,
year ago . . 1
Season to date 0!Mt3
Year ago ....10,527
28
8
4
lO
13 2
l:i23 2184 1461
103D 1G43 875
5
U
6
1
2705
27116
. Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland 21.K22.SSM 22.141
Seattle 1,87, fins 2111.101
Tacoma S(S!).1!1 82i2
Spokane . 779. S28 57.85tJ
ports from the Musselshell Valley along the
St. Paul Railroad from every point tonight
state that ample moisture will Insure a
bumper wheat crop.
PORTLAND MARKETS.
Ornln. Hour. Feed. Etc.
WHEAT Track prices: Bluestem, 82
SSic: club, T8c; red Russian, 76c; Valley,
80c.
FLOUR Patents. 25.15 per barrel;
straights, 4.064.75; export. J3.6O0J.8O;
Valley, $5.80; graham. $4.80; whole wheat.
Quarters, $5.
BARLEY Feed and brewing, $19220 per
ton. .
CORN Whole, $32; cracked. $33 per ton.
HAY Track prices: Timothy, Willamette
Valley, $20'21 per ton; Eastern Oregon,
226 24; alfalfa. 21516; grain hay, $,17(018-
M1LLSTUFFS Bran, $20 per. ton; mid
dlings, $30; shorts. $21(j.22: rolled barley.
S2--025.S0.
OATS No. 1 white. $25.50 per ton.
Dairy and Country Produce.
BUTTER City creamery, extras, 29c:
fancy outside creamery, 2S29c per pound;
tore, 20g3c. (Butter tat prices average l$o
per pound under regular butter prices.)
EGGS Oregon candled, 20c per dozen:
Eastern, 2425c.
CHEESE Full cream twins. "I"ei7e
per pound: Young America. 18fcl8c.
POULTRY Hens. liic; broilers, 20c;
ducks, 144?20c; geese, ll14c; turkeys, live,
20c: dressed, 25c; squabs, $3 per dozen.
PORK Fancy,. 12 '912 !ic per pound.
VEAL Fancy, lo&llc per pound.
LAMBS Choice, 8011c per pound.
Vegetables and Fruits.
GREEN FRUITS Apples, Oregon New
town., $2 per box; new California. $1.75
f-.25 per box; cherries, E'&l-C per pound;
apricots, $1.251.35 per box; peaches. $1
per box: plums, 21 & 1.25 per box; goose
berries, 56c per pound; currants, $2&2.2o
per box.
BERRIES Strawberries, $1.50 1. 65 per
crate; raspberries, $1.50 per crate; loganber
ries, 75c$l per prate; blackcaps, $2 per
box.
MELONS Cantaloupes, 21.7302.25 per
crate.
TROPICAL FRUITS Oranges. $2-504;
lemons. H.5036; grapefruit. S3.2508 per
box; bananas, 5C per pound; pineapples, 7
9c per pound.
VEGCTABLKij Artichokes, 60 75c per
dozen; asparagus. $1.252 per box; beanat
S&10c per lb.; cabbage. 2Vi2vc per lb.;
cauliflower, $2 per doz. ; corn, 20&.30C per doz.;
cucumbers, 50c$l per doz. ; head lettuce,
eGdttOc per doz.; hothouse lettuce. 50cP21
per box; garlic, 1012tC per 'lb.; horse
radish. 810c per lb.; green onions. 15c per
doz.; peas. 4)5c; peppers, 20c per pound;
radishes, 1520c per dozen; rhubarb, 3c
per pound; spinach, b&loc per pound;
squash. 75c per crate; tomatoes. 0c($
per box.
SACK .VEGETABLES Carrots, S5c(g$l;
beets, $1.0; parsnips, 75c&$L
POTATOES old ureuun, UGs75c per hun
dred; new California, !&2c per pound;
new Oregon, 2c per pound.
ONION a Bermuda. $1.50 1.75 per orate;
red. $2 42.25 per sack.
Groceries, Dried Fruits, Etc
DRIED FRUIT Apples, 10c per pound;
peaches, 7c; prunes, Italians, 4c; prunes,
Frenca, 45c; currants, 10c; apricots. 15c;
dates, 7c per pound; figs, fancy white. Cna;
fancy black, 7c; choice black. 5 c
SALMON Columbia River, 1-pound tails,
(2 per dozen; 2-pound talis, 22.V5; 1-pound
flats, $2.10; Alaska pink, 1-pound tails, 90c:
red, 1-pound tails, $1.45; sockeye, 1-pound
tails, $2.
COFFEE Mocha, 242Sc; Java, ordinary,
1720c; Costa Rica, fancy. 18 20c; good,
1.413c; ordinary. 123G10c per pound.
NUTS Walnuts, 15o per pound) Brazil
nuts, UiiOlic; Alberts, loc; alracids, 17c;
pecans. lyo; cocoanuts, 90c$l rer dozen.
SALT Granulated, $15 per ton; half
ground, 100s, $10.50 per - ton; 60s. $11 per
ton.
BEANS Small white, 5 Hot large whits.
4c; Lima. 61c; pink, 7c; red Mexicans,
7fcc; bayou, 7 5c.
SUGAR Dry granulated, fruit and berry,
$6.25; beet, $0.05; extra C. $5.75; golden C
$5.05; yellow D, $5.65; cubes (.barrels).
$5.65; powdered, $6.50; Domino, 10.u
10.00 per case. Terms on remittances with
in 15 days deduct fee per pound, if later
than 15 days and wltnin 30 days, deduct He
per pound. Maple sugar, 15ulSc per pound.
RICE No. 1 Japan, 4c; cheaper grades,
3.50W4.55c: Southern head, 5HU7c
HONEY Choice, $3.2518.3.50 per case;
strained. 7a par pound.
Provisions.
BACON Fancy, 28c per pound; standard.
25 Sic; choice 24V4c; English, 22 0 23 y-a.
HAMS 10 to 13 pounds. 20c: 14 to 1
pounds, 20c; 18 to 20 pounds. 19 He; hams,
skinned. 21Hc; picnics, 15c; cottage rolls,
none; boiled hams, 272Dc
LARD Kettle rendered. 10s. 17 He; stand
ard pure, 10s, 17s; ci.olce, 10s, 16c. '
SMOKED BEEF Beef .tongues, each, 60c;
dried beef sets, 22s; dried beef outside, 20c;
dr'ed beef lnsides, 23c; dried beef knuckles,
22c. -
DRY SALT CURED Regular short clears,
Oregon exports, dry salte. 17 He; smoked,
dry salt, lie; smoked,- 18Hc; short clear
back, heavy dry salted. 16Hc; smoked, 18c.
PICKLED GOODS Barrels: Pigs- feet.
$16; regular tripe, 210; honeycomb tripe.
$12; lunch tongues, $10.50; mess beef, ex
tra. $14; mess pork. $30.
Mops. Wool. Hides. Etc.
HOPS 11(09 crop, ll&13o, according to
quality; olds, nominal; 1110 contracts, 13y
ISHc nominal.
WOOL Eastern Oregon. 1417c pound;
Valley, 164J-.OQ per pound.
MOHAIR Choice, 32 & 33c per pound.
CASCARA BARK 4V4j5c per pound.
HIDES Dry hides, 15H&16HC per pound;
dry kip, 15H$M6Hc per pound; dry calf
skin, 17 19c per pound; salted hides, 7 H 6?
8c; salted calfskin, 14c per pound; green
hides, lc less.
PELTS Dry, 1012c; salted, butchers'
take-off, $1.15 1.40; Spring lambs. 25 a 45c.
Oils.
LINSEED OIL Pure raw in barrels, t6c;
kettle boiled, in barrels, Ssc; raw. In cases.
&lc; kettle Dolled, in cases, 93c Lots of
250 gallons. 1 cent less per gallon.
TURPENTINE In cases. 82c; "in wood
barrels, 79 He.
COAL OIL. Water white In drums, iron
barrels or tank wagon, 11c; special water
white in drums or iron barrels, 14 He; union
kerosene in cases 2-5s, IS He; oleum kero
sene In cases 2-5s, 21 He; Aurora kerosene
in cases, 2-os, 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 2-5s, 24c; No. 1 engine dis
tillate In Iron drums, SHc; No. 1 engine
distillate in cases 2-5s, IS He; V.. M. &
P. Naptha in iron drums or barrels. 12 He;
V.. M. & P. naptha in cases -ua, 19Hc;
BENZINE Union benzine in iron drums
or barrels, 12 He; Union benzine in cases
2-&S. 19 He.
Bis; Wheat Crop in Montana Sure.
BUTTE, Mont., June 22. (Special.) Re-
BRISK FRUIT DEMAND
AIAj LINKS except raspber
ries AND CAXTA LOUPES FIRJI.
New Potatoes Are Easier at Seattle.
Quality of' Ranch Eggs Causes
Mucli Complaint.
SEATTLE. June 22. (Special.) Brisk de
mand in .the fruit trade today kept prices
fairly normal, excepting on ' raspberries,
which went off to $2 per crate. Receipts
of this fruit are heavy and a weak to lower
buying market before the week-end clean-up
Is predicted. The outside demand for
strawberries has been maintained for the
past two or three days, drawing off all sur
plus and keeping the market stiffened. Can
taloupes broke again today. The supply of
this fruit will be heavy and the prices have
been buttressed so far with a bftsk demand.
The potato market has settled down to a
reasonable basis on which quotations can
be made and the demoralized conditions are
passing off. Early Rose are quoted at' 1 Vi
to 1H cents, with a slight variation on
Burbanks and Garnets. Old potatoes were
$15 -O $18 per ton. Onions were steady.
The tomato market was overstocked.
Receipts today were one carload of can
taloupes, two cars of oranges, one car of
onions,- two cars of potatoes, 453U crates of
berries and 3369 miscellaneous packages.
The supply of local ranch eggs was good,
but the quality was not up to the demand
laid down by buyers for best stock. The
poultry market was lifeless with no change
in quotations and an ordinary trade. The
demand was regarded by dealers' as fair for
mid-week business.
New York. Cotton Market.
NEW YORK, June 22. Cotton futures
closed barely steady, 6 to 14 points lower.
June. $15.11; July. $15.13; August, 214 73
September. $13.20; October, $12.5,1; No 1
$12. .IK; December, $12.33; January, $12 29:
March. 212.no.
Spot clvd dull 10 point lower. Middling
uplands. $15.20; in Id-gulf, $15.45. Sales. 1948
bale.
ASSENT TO NEW RATES
MEAT PACKERS AGREE TO THE
PROPOSED INCREASE.
Pleasant News for Wall Street Spec
ulators Prompts Eree Buy
ing; of Stocks.
NEW YORK. June 22. Speculative senti
ment toward stocks derived encouragement
from various sources today. The principal
of these were the reports of rain in the
Spring wheat region and the agreement of
the meat packers to the increases in freight
rates proposed by the railroads.
Large Inferences were drawn from the
announcement y on behalf of the Chicago
meat packers of their assent to the increase
in .freight rates to be asked for by the rail
roads. The countenance given to those in
ferences by the powerful banking interest
which is most diligent in seeking the absent
of shippers, coupled with the expected ar
rival home of the head of the house, gave
them added influence in the speculation. In
timations were circulated In the stock mar
ket that similar assents will be obtained by
the same financial power from the whole
sale grocers, dry goods merchants and "all
other classes of business." From these cir
cumstances it was urged that no reasonable
opposition was to be apprehended from the
Interstate Commerce Commission to the pro
posed increase in freight rates. This pleas
ant perspective so appealed to the specula
tive imagination as to prompt free buying
of stocks.
Aside from the expected benefits of the
rate advances, there was a detailed estimate
by the Journal of Commerce of the dis
bursements to be made in July in dividends
and Interest, showing a total of $204,257,000.
establishing a record in that respect. Of
the $1.070,300 Increase over July disburse
ments last year, thus represented, some $7,
600,000 Is interest payments, growing out of
new bond and note issues. After providing
for this increase, however, earnings have
provided for over $11,000,000 increase in div
idends paid, including resumptions, increases
and, in some cases, initial dividends.
The money market gave further evidence
of improving condition and helped materially
in cheering speculative sentiment. Large
foreign purchases were said to be Included
in the quick sale reported for the equipment
notes of the New York Central lines. This
and the sale of $10,000,000 St. Louis & San
Francisco divisional bonds in France con
tributed to the sharp decline in foreign ex
change rates. Interior bankers at the lead
ing centers in this country are beginning to
change their expressions of solicitude over
the matter of present - credit extension to
that of danger of overconf idence in the Im
provement that has been effected and too
rapid re-expansion of loans in consequence.
Bonds were firmer. Total sales, par value,
$1,939,000. United States 3s coupon declined
per cent in the bid price on call.
CLOSING STOCK QUOTATIONS.
Sales. High. Low.
K
43
38 hi
9
5H
82 i.
6414
42 '.
35 H
8
55 H
62 H
35 vi
24
Allis Chalmers pf.
A ma I Copper 26,200
Am Agricultural .. 2O0
Am Beet Sugar .. 1.2O0
American Can . 100
Am Car & Fdy . . 9K
Am ' Cotton Oil . . 700
Am Hd & Lt pf.. KM - 35H
Am tee tecurl .. lw 24
Am Linseed OH
Am Locomotive .. 1,000 44 i 44 14
Am Smelt & Kef.. 9.9O0 7K 76
do preferred ... K0 103 H 103 H
Am Steel Fdy 3K 5:ii 5H
Am Sugar Ret .. S.O'H) 123H 119
Am Tel & Tel 1.6O0 137 H 136H
Am Tobacco 'pf
Am Woolen 4(H) 32 V.
Anaconda Min Co. 1.100 41
Atchison 8.1O0 IOO44
do preferred ... IOO 102H
Atl Coast Llne 200 120i
Bait & Ohio .. . 1,900 112
Bethlehem Steel .. . 100 26
Brook Rap Tran.. 0.OU0 80
Canadian Pacillo .. 2,fc0- 197H
Central Leather .. 1.4IO 38J4
do preferred
Central of N J
Ches & Ohio- 8.3O0 82 14 81 VI
Chicago & Alton .. 2oO 32". 32H
Chicago Gt West. 2.5"0 27?i 2H
do preferred ... 300 50 H 50
Chicago & N W ... 9110 14HH 147
C M & St Paul . . 16.700 12KH 120
C. C. C A St L.. 2iO 82H 82
Colo Fuel & Iron. 6O0 360i 30
Colo & Southern
Consolidated Gas .. 15,100 1404 138H
Corn Product ... 400 15H 15
Closing
Bid.
35
eH
43
35
9
5v,
62
35
24
12Vi
44 H
32
40i
104
102 V.,
119
112
26 "
794
195 H
37)1
103 H
60 W
122
136
95
32
40
lOtt
102 hi
120
112H
26
78
196
38
105 H
3l0
82
32
27
49
148
81
36
57
Del ft Hudson 167 H
u ac n. .,ranue ... . i . -
do preferred . . . 20O
Distillers' Securl .. 500
Erie : 1,500
do 1st preferred. 300
do 2d preferred
General Electric .. 4O0
Gt Northern pf .. 9.5O0
Gt Northern Ore . 1.8O0
Illinois Central ... 30O
37 J4
79
3iH
28
4U4
3
79
311 V,
27
46
Interborough Met.. 24.6'rfl
do preferred 5.5iO
Inter Harvester .. 1,600
Inter-Marine pf .. 100
Int Paper ....
Int Pump ........
Iowa Centra! ....
K C Southern
do preferred ...
Laclede Gas ......
Louisville & Nash
Minn & St Louis.
M, St P & S 9 M.
Mo, Kan & Texas..
do preferred .. .
Missouri Pacific ..
National Biscuit ..
National Lead ...
Mex Nat Ry 2d pf
N Y Central
N Y. Ont & West.
Norfolk & West.
North American ..
Pacific Mall
Pennsylvania .-. .. 11.20O
People's Gas l.OOO
P. C C & St L... 4:10
Pitts :irg Coal .... Sm)
Pre.ised Steel Car. 700
Pullman Pal Car
Rv Steel Spring
Reading 84.100
Republic Steel .. l.lort
do preferred ... 500
Rock Island Co..
do preferred ... Of'O
Ft L fit F 2 pf. OOrt
ft T, Southwestern l.tA
4'K
2J0
70O
200
7K
2. 309
"200
1,300
' '560O
SliO
700
nno
4.200
5H)
l.trOO
13.50O
0
148
133
62
1S4
1
53
ICO
18
' 4V'i
1
33
65 T4
K'3
148
30 H
lJtt .
iTkh
45
101
127H
27 "4,
133.
108
S'4
18T4
36
147
132
61
133
19
52
99
13
46'"
1914
32
65H
102
146
ias
38
''
105
11
44
loo y,
120
132
107
98
18H
34
158
34T4
41
85
47
33 U
156
34
95
40
84
46
31 t4
30
79
30
28 Vi
4
34
147
1S2
61
132
19U,
63
9
18
11
47
19
82
65
103
148
29
13S
39
67
67
106U,
75
27
117
44
101
127
27
133
107
98
18
35
157
35
158
34
96
41
64
44
33
Many property owner
KNOW NOW
many will learn, that
BITULITHIG
Pavement has more sta
bility, more real value
than any other hard-surface
pavement laicL-
PORTLAKD,
SEATTLE, . SPOKAITB,
TACOMA.
Downing-Hopkins Co.
BROKERS
Established 1883.
Stoeksv private
Grala. Wires
S01-2-8-4 Coaeb Bids.
do preferred .7. 1.000 77
Sloss-ShefTleld
Southern Pacific .. 10.5OO 124
Southern Railway. 9.I0O 20
do preferred . . . 2.9O0 62
Tenn Copper
Texas & Pacific .. ROO 31
Tol, St L A West. .1.300 24
do preferred ... 1.OO0 53
Union pacine . .
do preferred -TJ
S Realty ...
U 8 Rubber ...
IT S Steel ..105.900
do preferred
TTtah Copter
Va-Oaro Chemical. 1,810 60
Wabash 400 20
do preferred ... 2.5H. 45
Western Md 3H 4S
Westinghouse Eleo 8.2K 67
100 U4
75
i23
76
70
124
59. 61
4.6O0 375.
(0 63
1.400
42
79
3.000 116
l.wxi 4;s
IV, u.
30 1
24 'i,
53
175
93
73
41
79
115 116
43 44 i,
22
53
127
93
'41
78
GO
19
43
45
64
64
6
44
45
66
64
3
Western Union
Wheel A L Erie.
Total sales for the day. 489.000 shares.
BONDS.
NEW YORK. June 22. Closing quotations:
TJ. S. ref. 2s reg.l00N. Y. C. en 3s." 87
do coupon . . .loo fa ;No. Pacific 3s... 7UJ
TJ. S. 3s reg 101;No. Pacific 4s... 100
do coupon ... IOI 1'nlon Pacific 4s.loo
TJ. K. new 4s rcg.114 jwis. Central 4s.. 00
do coupon ... 114 Japanese 4s 90B
D. & R. G. is... 93B
Money, Exchange, Etc.
NEW YORK, June 22. Prime mercantile
paper, 45H per cent.
Sterling exchange weak with actual busi
ness in bankers' bills at 4. 84004. 8470 for
60-day bills and at $4.8045 for demand.
Commercial bills. S 4.84fr 4.84 .
Tf&r silver. 53 c.
Mexican dollars. 44c.
Government bonds, easy; railroad, firmer.
1 Money on call, steady, 2 '3 .per cent;
ruling rate, 2 per cent; closing bid, ?
per cent; offered at 2 per cent
Time loans, easy; 60 days, some loans at
3 per cent; 90 days, 33 per cent; six
months, 44 per cent.
SAN FRANCISCO, June 22. Sterling on
London, 60 days, $4.S4; stealing on London,
sight, 4.86.
Silver bars. 53 c.
Drafts, sight, 3c; telegraph, 3c.
Mexican dollars. 45c.
y'
CHICAGO. June 22. New York exchange.
15 per cent discount.
LONDON, June 22. Bar silver, steady,
24 d per ounce.
Money, 2 per cent.
The rate of discount in the opef market
for short bills U 22 per cent. ,
The rate of discount In the open m.'4cet
for three months bills is 2 fi) i n-14t V r
cent. X j
Consols, for money, 82; for account,
82 1-16.
Dally Treasury Statement.
WASHINGTON, June 22. The condition
of the Treasury at the beginning of. business
today was as follows:
Trust funds '
Gold coin JS6O.573.S60
Silver dollars 4S7. 325.000
Silver dollars of 1890 3,686,000
Silver certificates outstanding... 487,325,000
General fund
Standard silver dollars in gen
eral fund
Current liabilities
Working balance In Treasury of
fices In banks to credit of Treasurer
of the United States
Subsidiary silver coin
Minor coin
Total balance in general fund...
4.S02.952
93.061.998
17,357.140
39.997.921
20.94)1.55:1
1.033.091
82.379.773
Exchange Will Close.
NEW YORK. June 22. The governors of
the Btock exchange voted today to close the
exchange on July 2. as July 3 is Sunday and
July 4 a holiday, the exchange will be closed
from the afternoon of July 1 to Tuesday,
July 6.
The coffee exchange here will be closed
Saturday, July 2, and Monday, July 4.
Wool at St. Louis.
t?T. LOUIS, June 22. Wool Unchanged:
territory and Wesern mediums, 17i'22c; fine
mediums. fVfT7c- fine, 1214e.
WE OWN AND OFFER, SUBJECT TO PRIOR S-VLE
200 Shares
7 CUMULATIVE
PREFERRED STOCK
OF THE
PORTLAND GAS 8 COKE
COMPANY
PAR VALUE $100 PER SHARE.
The Portland Gas & Coke Company is one of the most
substantial and conservatively managed semi public serv
ice corporations in the country, owning and maintaining
a thoroughly modern and well-equipped plant and distri
buting system, which supplies gas for both heating and
lighting purposes at equitable rates to a large concen
trated population. y
The property has been established for fifty years.
We unhesitatingly recommend this stock as a very 6afe
and particularly attractive investment.- In view of the
comparatively small amount offered, we suggest placing
orders for the shares immediately, as all of the same will
undoubtedly he taken quickly. ,
Price and further particulars upon application.
MORRIS BROTHERS
Chamber of Commerce Building. yj.
New Southern Pacific First Mortgage, San
Francisco, Terminal 4 Bonds
Twenty-five Million Dollars, Southern Pacific Company, San Francisco, Terminal First
Mortgage Four Per Cent Bonds, due April 1, 1950, interest payable April 1st and October 1st.
The entire issue outstanding (but not any part) subject to redemption by the comppny at one
hundred and five per cent and accrued interest on April 1, 1915, or on any interest Hay there
after. Coupon bonds in denominations of $1000, $500 and $100 each, 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 or 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.
m
The subscription will be closed at 3 o'clock P. M. on Friday, June 24, 1910, 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-dollar 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 Bay.
THIRD: These bonds are the direct obligation of the Southern Pacific Company, whose
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: These 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 etate, 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 Norddeutsche Barh in Hamburg; in Frankfort
O. M., by Direction der Disconto Gesellschaft; in London by Messrs. J. Henry
Schroeder and Company, in Basle by Schweizerischer Bankverein ; in Zurich by Eidgenoessische
Bank, and SchweizerischeXreditanstalt, 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, Gepeva and Amsterdam Stock Exchanges.
WELLS FARGO NEVADA NATIONAL BANK, SAN FRANCISCO, CAL.
ANGLO & LONDON-PARIS NATIONAL BANK, SAN FRANCISCO, CAL.
CANADIAN BANK OF COMMERCE, SAN FRANCISCO, CAL.
FARMERS & MERCHANTS NATIONAL BANK, LOS ANGELES, CAL.
UNITED STATES NATIONAL BANK, PORTLAND, OREGON.
THAVELKRS' CXilliK.
ALASKA
AND BACK
IncludlnK Berth and Meals
SUMMER EXCURSIONS
via Smooth "Inside Passage"
Twelve delijrhtful exctirsions from Seattle to
ALASKA and back cheaper than
staying at home.
Don't wait until mtmamrm arm aocf ont
Wriim auick for details and nmmrvationm
Pacific Coast Steamship Co.
249 .Washington St. PORTLAND
Canadian Pacific
Less Than Four Days at S21
Weekly Sailing Between Montrei
Quebec and Liverpool,
Two days on the beautiful St. La wren e
River and the ahortest ocean route to u
rope. Nothlnr better on the Atlantic thaa oar
Empresaea. Wireless on all steamers.
i Irst-cloBM SD0. second $51.6. one claes
cabin k7.&0.
Ask any ticket agent, or write for sail
ings, rates and booklet. F. R. Johnson. Oea
entf Asent. 142 I'lilrd St.. Portland. Or.
HONOLULU
$110
And Back (I-'Irot Class).
SV. Uuya from !. IT.
'he splendid twin screw steamer SIERRA
(10.000 tons displacement) sails July a.
July 30 and every U d.ys. Round trip tick
els good for four months. Honolulu, the
most attractive spot on entire world tour.
BOOK NOW and secure best berths.
LINE TO TAHITI AND NEW ZEALAND.
S. S. Mariposa and Union Line, sailings
Juno 2i, Aug. 6, etc Tahiti ana back (-.
days), fl-5 Urst class. New Zealand (Wel
lington). $246.-6 first class. H. T. six
months.
OGEA?CIC 8. 8. CO.,
.72 Market Street. San Franclaoo.
COLUMBIA RIVER SCENERY
Fast Excursion Steamer
CHAS. R. SPENCER
Leaves daliv except Wednesday, 8 A. M.,
for Hood River and way landings and re
turn leave Hood River, 2:30 V. M.; arrive
Portland 8 P. M. -8UKUAT
EXCURSIONS
Xreaves 9 A. M.; returns, 5:30 P. M.
First-cl.se Meals Served..
Fare, One Dollar Round Trip.
Up-town Office. 69 5th St.
Phones Marshall 1979. A 1293.
Landing and Office, Foot Washington St,
Phones Main 8619, A 2465.
Lowest Rates to Picnic Parties.
E. W. SPENCER. OWNER.
Columbia River, Port
land and Astoria Route
Steamer Hassalo leaves Portland dally
from Ash-street dock, except Sunday, at I
P. M. (Saturday at 10 P. M.): returning,
leaves Astoria dally, except Sunday, at 7
A. M. Tickets Interchangeable with steam
er ."Lurllne," which leaves Astoria daily,
except Sunday at 7 F. IL
L-UMBERMErNS
National Bank
CORNER FIFTH AND STARK STREETS
PORTLAND, OREGON
Capital $500,000
OFFICERS.
G. K. Wentwortli. ........ .President
John A. Keatlmar Vlee-Prc-ildent
Geo. L. BfcPberson. . . Vlee-Prealdent
II. D. Story Cashier
F. A. Freeman. ... .Assistant Cashier
Graham Duke hart. .Assistant Cashier
nrRECTORS. "
G. K. Wentworth
has. 8. Russell
P. 8. Brumby
Dr. K. A. J. Mackenzie
tJfOrjre O. Ktnfc ham
l.loyd J. tVentworth
JL K. Wheeler
Geo. L. McPhersoa
John A. Keatinir
Robert Treat 1'latS
U. I. Btory . .
First National Bank
Capital $1,500,000
Surplus 750,000
Oldest National Bank West of the
Rocky Mountains
TRAVELERS' OUTDB.
San Francisco & Los Angeles
DIRECT
North Pacific S. S. Co.'s S. S. Roanoke
and S. S. Elder sail every Tuesday
alternately at 8 P. M. Ticket office
132 Third St., near Alder.
H. YOUNG, Agrt.
Phonea M 1314. A 131.j.
COOS BAY LINE
6-DAI SERVICE.
Steamer Breakwater leaves Portland 9 A.
M .. Jurie 8. 13. 18. 23. 28 and every Ave
days from Ainsworth Iock. for North Bend.
Marshneld and Coos Ray points. Freight
received until 5 P. M. daily. Passenger fare,
first-class. S10: second-class, $7, including
I erth and meals. Inquire City Ticket Office.
8d and Washington sts., or Ainsworth Dock.
Main 268.
TRAVELERS' GUIDE.
SAN IHANCISCO tt FURTLAND IS TEAM -
SHIP COM -'ANY.
Only direct steamers and daylight nailing.
From Ainsworth dock. Portland. 1 A. . :
8.S. Bear. June 25, July 9.
Beaver. July 2. 16. etc.
Prom Pier 40. San Francisco. 11 A. M.
S.M Baiter, June 25. July 9.
fc.S. Bear. July 2. IB.
U.JLHU.X ii. SMITH, C. T. A.. 141 Third Sb
Main 402. A 1402.
J. W. RANSOM. Agent.
Ainsworth XKiclc Main 268. A 12M.
SEASICKNESS
Will bo prevented and relieved by using
TONIQLE MAL LE MKR, a safe and relia
ble remedy. Take a bottle with you and in
sure yourself all pleasures of an ocean voy
age. Sold by leading druggists. Price 60
cents, or mailed, postpaid, by
NEPTO'E REMEDY CO.,
Sole Manufacturers,
Phono Main 2307; A 6612, Portland. Or, .
4
It
3