" THE MORNIXGr OKEGONIAN, FRIDAY, JULY 1, 1910. NEW CROP ALFALFA First Two Cars Reach the Local Market. OLD-CROP SEASON ENDING Prospects Are Good for a Very Fair Yield of Hay in the Xortliwest. California- May Again Mold Down Prices. The market for old-crop hay is draw- la to a. close with rices being steadily maintained. Two cars of new alfalfa have been received by local dealers. New al falfa is quoted at 913 f 14 track. Indi cations point to a good average hay crop In the Pacific ICorthwest. California has a big crop and a big carry-over, and as that state is likely to ship to Oregon and Wash ington throughout the season, the dealers do noi believe that prices here will go as bigh as they did In the past season. The crop prospects In the Willamette Valley are pronounced to be very good. There was a little Winter killing, but other wise no complaint has been heard. In Eastern Oregon the situation is fairly good and the Yakima country promises to have a large crop. G. W. Simpson, who has just returned from a trip through Idaho and Eastern Oregon, looks for a fair yield there. He said: "There was a good deal of cool weather In June, which has made the crop backward and the yield will not be quite as large as last year, still there will be a good aver age crop In the Irrigated sections." WHEAT NOT AFFECTED BY SLUMP EAST Demand Is Still Active autf Prices Are Bid Vp. The two days' decline in the Chicago grain market has been without effect on the local wheat market, either as regards the demand or the attitude of holders. There Is still a good inquiry from various sources which cannot be satisfied, owing to the holding tactics of farmers. Buyers here and In Washington are bidding up prices against each other, but getting nothing out of It. There were offers of 84 and 85 cents for bluestem yesterday and even more might have been bid without tempting sellers. Among the other would-be buyers of wheat are a number of Puget Sound milters. A. little demand la coming from California, but the buyers of that state are reluctant to pay the advanced prices. There is not much doing In either oats or barley, and prices are unchanged, but If anything there Is a little steadier feeling i in these lines. Flour is held firmly with a moderately good business under way. There seems lit tle likelihood that flour prices will be any cheaper this season. The offlciat estimate of the Indian wheat crop places this year's total area at 27,765,- 500 acres, which is 6.6 per cent above the return of the previous year, and a fraction more than the average of the preceding five. The total out-jrn Is estimated at 9,- 657,000 tons, an increase of 25.9 per cent on the last crop, and 15.2 per cenj. above the mean of the previous five seasons. Local receipts In cars were reported by the Merchants Exchange as follows: Wheat- Barley. Flour. Oats. Hav. Monday 10 .... 16 6 7 Tues-'iy 16 1 3 10 8 Wednesday ... 6.... 1 4 10 Thursday 14 2 12 2 .... Tear ago 1 .... 4 .... 5 Reason to flat?. 10072 1331 2233 15f4 2762 year ago loaa loA'l 1659 $85 2833 SMALL TRANSACTIONS IX HOP MARKET Hall Reduces His Estimate of the Califor nia Crop. Two carloads of Oregon 109 hops were bought yesterday by H. I Hart at 11 cents. The Fink lot at Sheridan also changed hands, but the name of the buyer and the price were not learned. Aside from these transactions no business was reported In the market. Fifteen cents was offered yesterday for one-year contracts in Sonoma. B. F. Hall, of Santa Rosa, writes that there has been no improvement In the condition of the Cal ifornia crop, and he now places his esti mate for the state at not to exceed last year's production, which was 67,300 bales. Ihe latest trade circulars of the London hop factors follow: Wild. Xeame & Co. There is a fair de mand for the time of year. In the planta tions conditions favor the vine, which Is growing rapidly, though reports of Increase of fly are general. Manger & Henley The rapid growth of the vine has induced some growers, who are preparing to wash, to wait. Trade con tinues very dull. W. H. & H. Ie May There is rather more Inquiry for 1909 English hops; bright sam ples are In request and are exceedingly scarce. There is also a little business pass ing In English 1908 hops. TWO CARS OF WATEBMELOX8 ARRIVE. Good Cherries Are in Firm Demand Car of Apricots Tiir. Two cars of watermelons were received yesterday and the market dropped half a cent. Cantaloupes were firm at (2.25, only standards -.being available. The cherry market was Arm for the best stock, a good part of the accumulation having been worked off. Loganberries were steady at $1.251.40 atnd raspberries were firm at (I.6O131.60. Blackcaps were quoted at $1.50(31.75. Currants were ' scarce and higher, the best bringing $2.40. There was a steady demand for peaches, plums and apricots. The latter were in light' supply, but a carload will be in this morning and will sell at SI. 35 1.50 per box. Strong Oemtuid for Chickens. There wast a brisk dpmani-1 far rmultrv yesterday, especially for hens, which found ready buyers at 16 17 cents. Springs sola at 20 fa 22 cents. Young ducks moved well si mail cents, but old ducks were slow. The few turkeys received sold well. Egg's held close to the former price range. A few dollars quoted the market firm, but others found It alow. Butter was very firm, with the ilornon In excess of the supply. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: flearin-rs. Balances. Portland il.27,44;-. J2U.4HS Seattle 1.717.272 24 Taroma S78,17."l :-u- Spokane 704.113 113,.-rf Portland's total bank clearings for the month of June were $42,146,018. an Increase of $12,012,175 over the same month last year. For the first half of 110 the Increase over the corresponding period of 1009 was $9S.7!i3.1S7. The first six months of the current year compares with the same period last year as follows: lino. 1ior. January . 3N.ir..-..-,i.7 $ 23,,o.2!s.7S February 1 -Ofi.z.p.a March. 4.'. . h.i.h.. o4.:x, noi. Hit April 4.273.S3.8S .;s.r.n.:i5.M May 41,y5.KiJ. 11! 30,334.061.10 June 42.14B.01S.59 30,04 3.84 3. 26 8ix months. 1240,811,723.21 $161,058,333.33 POBTLAND MARKETS. Grain, Flour, Feed. Etc. WHEAT Track prices: Bluestem. Sac; club, Sic; red Russian, 7Sc; valley, K'-Ic. FLOUR Patents. o. 15 per barrel; Straights. $4.054.75; export. 3.60 f 3.80; Valley, 1 5 30; graham, 44.H0; whole wheat, quarters. 65- BARLEY Feed and brewing. 10020 per ton. CORN Whole. $35: cracked, $33 per ton. HAT Track prices: Timothy. Willamette Valley, $20 21 per ton: Eastern Oregon, $22U24; alfalfa, new, $13'&14. MILLSTUFFS Bran. $20 per ton; mid dlings. ?3: shorts. $21((;2; rolled barley. $24. 50 25.50. OATS No. 1 white, $2520 per ton. Dairy and Country Produce. BUTTER City creamery. extras. 2fe; fancy outside creamery. 28329c per pound; store, 23c (Butter fat prices average lVaO per pound under regular butter prices.) EGGS Oregon candled, 2627c per dox.; Eastern. 20c. CHEESE Full cream twins, 17017 per pound; Young America. ISlSc. POULTRY Hens. ltKa 17c; broilers. 20 22c; ducks. 13&17c; geese, lUtfrl1c; turkeys, live, 1S& 20c; dressed, 22 Vs ttf -M$; squabs, $'i per dozen. PORK Fancy, 1212C per pound. VEAL Fancy. TOW 1 lc per pound. LAMBS Choice, 114.-11-&0 per pound. Vegetables and Fruit. GREEN FRUITS Apples. Oregon New town, $2 per box; new California, l-7 S2 per box: cherries. 5ifl2c p-er pound; 51.25 per box; piums, sito-l.GO per box, gooseberries, 5&0c per lb.; currants, $2.2.4p ti.40 per box; pears, new, $1.50 per box; peaches, OOc oer box.- BKRRIES Raspberries. $l.:0fi 1.60 Per crate; loganberries, $1.23 4 1.40 per crate; blackcaps. $ 1.50 1.75 per box. MELONS Watermelons, Sc per pound; cantaloupes, $2.25 per crate. TROPICAL FRUITS Oranges, $2-30 04; lemons, $tt7; grapefruit. $-254jd per box; banana. 5c per pound; pineapples, T iQiiic per pound. VEUETABLES Artichokes, 60 4?73o pe dozen ; asparagus. $1.25 2 per box; beans, 8&'10c per lb.; cabbage, 22c per lb. ; cauliflower. $2 per dox.; corn, 40c per doz.; cucumbers, lb 1.15 per box; head lettuce. 6u u tac per tiuz. ; iiuinutuo .eliuce. BOc $ 1 per box; garlic, 10pl2fcc per lb.; horse radish. SQiloc per lb.; green onions. 13c per dox. ; peas, 4oc; peppers, 20c per pound ; radishes, 15 (a 20c per dozen; rhubarb. 3c per pound: spinach. luc per pound; squash, 75c per crate; tomatoes, $1.75 tf 2.75 per box. SACK. VEGETABLES Carrots, 65c $1; beets, fl.50; parsnips. 75c a $L l'oTAlOhib Oia urctiun. o0w-76o per hun dred ; new, lzc per pound. ONIONS California red, $2.50(5 2.73 per sack. Groceries, Dried Fruits, Etc. CRIED FKL'IT Apples, 10c per pound; peaches, 7c; prunes, Italians, 45c; prunes, fc'rencn, 4z5c; currants, luc; apricot, 15o; date. 7c per pound; tigs, rancy wUite, afeo; fancy black, 7c; cliolc. black, G'ibC. SALMON Columbia Kiver, 1-pound talis, $2 per uozen; 2-pouud tails, $2.U5; 1-pound date, $2.10; Alaska, p.nk, 1-pound tails, 0c; red.. 1-pouna tallc, 41.4i; aokeys, l-pounu tall. i COF1-EE Mocha, 242So;'Java, ordinary, ITgfiioc; Costa Hlca. lancy, ltfg?20c; good, l'Jdj'ISc; ordinary, 124t0?loc per pound. NUTS Walnuts, loo per pound; J3rasll nut., 13H&15C; alberta, lJo; almond,, 17o; pecans, luc; cocoanuta, !c&$l per dozen. SALT Uranulated, fid pc ton; halX s round, luua, flu.ou per ton; 60s. $11 per ton. is KAN'S Small white, icj large white. c; Lima, oc; pink, 7c; red. lexlcana, ?i,c; bayou, ifco... SUOAK Cry granulated, frnlt and berry, buet, $0.00; extra C. J-7f, golden C yellow D. $5.03; cubes t barrel,). ,5.Ub; powdered. S0.&0; Domino, 1 10.40 f per case. Terms on remittance, with in 15 days deduct 4C per pound, if later than 15 days and within ao days, deduot Ho per pound. Maple sugar, lOtolSc per pound. RICE No. 1 Japan, .lie; cheaper grades, 8.0Og24.5oc; Southern head, 5 07c ilONSI Choice, 8. 3.60 par stiaiued, 7c per pound. 1 revisions. BACON Fancy, 2Se per pound; standard. Zfifee, choice, 24ttc; English, 22 Vi ::a e. UAUS 10 to 12 pounds, liuc; 14 to 18 pounds, 20c; IS to 20 pounds. ltic; hams, skinned, lilc; picnics, 15c; cottage rolls, none; boiled Imnii, 27ti29c. LARD Kettle rendered. 10s, IXiic; stand ard pure, lus, 17s; choice, los, 10c. SMOKED BEEF Ueer tongues, each, 00c; dried beef sets, 22a; dri'd beef outside, 20c; dried. beef msides, 23c. arled beef knuokles, 22a. DRY SALT CURED Regular short clears, Oregoa exports, dry saltea, IT tie; smoked, dry salt, 17c; smoked, lb Vic; snort clear back, heavy dry saltea. IOVjc; smoked, 13c P1CK.LJL tiOODiS Barrels: Pig feet, 10; regular tripe, (10; honeycomb trips, (12; lunch tongues, $19.60; mess bes, ax tra, SIS; mess pork, (ac Hops, Wool, Hides. Etc. HOPS 19US crop, lOaUc, according to q.ufcny ; otus. nominal, ldiu- couintcu, 13 13Vsc aomlual. v OOL Kattern Oregon. 1417c pound; Valley. 10(jl8c per pound. MuilAlK unoice, 4::33o per pound. CASCAKA BAKK 2 (y- 0c per pound. HIDES lry hides, lOVifflloc per pounO; dry kip, lo V & Iti c per pound; dry calf skin, HlUo per pound; salted hides, 7feQ 8c; salted calfskin, .14c per pound; green hides, lc less. fhiLTS Ury. 10 12c; salted, butcher, take-on. $ 1.40 : isprin-e lamos. 25G-f4c GKA1.N BAGS 5 lie each. Oils. . LINSEED Oil, Pure raw In barrels. 86c; kettle boiled. In- barrels, &8c; raw, in cases. Sic; kettle Dolled, in cases, 93c Lola oX 250 gallons. 1 cent less per gallon. TURPENTINE In cases. b2c; In wood barrels, 7uc COAL OIL Water white In drum. Iron barrels or tank wagon, 11c; special water white In drums or Iron barrels, 14 c; union kerosene In cases z-ds. 18 fee; oleum kero sene In cases 2-Ss, 21Vc; Aurora kerosene In cases, 2-5. 21 fee GASOLINE Union gasoline In bulk, 17c: Union gasoline In cases 2-&S. 24c; Union motor spirit in bulk, 17c; Union motor spirit in cases 2-6s, 24c; No. 1 engine dis tillate In Iron drums, Sc; No. 1 engine distillate In cases 2-Ss, ISfec; V., M. St p. Naptha in iron drums or barrels. 12 fee; V., M- sr P. naptha in cases 2-Bs. 18 fee; NZIN Union benzine In iron drums or barrels. 12 fee; Union benzine In cases -, IS fee SAN FRANCISCO QUOTATIONS. Produce Prices Current In the Bay City Markets. SAN FRANCISCO. June 30. The follow ing prices were current In the produce mar ket tfdar : Butter Fancy creamery, 2!'4c; creamery seconds, 2S'-,c; fancy dairy, 27c. Cheese New, l-613',o; Tfoung America, 15 & 16c. Eggs Stre. 234c; fancy ranch, 2'Hc, Poultry Roosters, old, DJf'fiaO: roosters, yountr, r.Wg8.50; broilers, small, (2.253; broilers, large, S3. 2563.50; fryera, $oSH; hens. $.f&10; ducks, old, $4.504i5; ducks, young. Vegetables Cucumbers. SOc$l; garlic, 3 4c; asparagus, $1&2: tomatoes, BOc$3; egg plant. 51 He. Hops- California. ll(&14c. Fruit Appls. choice. 73c'a$1.25; apples, common. 3otr50c: bananas, 75cfj$3; Mexican limes. SO'&O.oo; California lemon?, $20: or anges, navels. $1.50:1.50; pineapples. $34. Milletuffa Bran. $3233; middlings, $28 &31. Hay Wheat. $314; wheat and oats. $0012: alfalfa, t710; stock. $5 7; 'straw, per bale. 40tf63c. Receipts Flour. 40f:S quarter sacks; wheat, 3f centals; barley. 6315 centals; oats, 1720 centals: beans. K- sat-ks; corn, 45 centals; potatoes, l!tio sacks; ml.idlln(f.s. 80 acks; hay, 072 tons; woo, 324 bales; hides, 1U25. EliOS ARE FIRMER AT SEATTLE. Good Showing Made by Early Washington Fruit. SEATTLE, Wash., June 30. (Special.) yV'enatchee and Yakima apples, apricots and cherries made a good showing on the mar ket today, presaging the" rush of this fruit. One carload of California apples, which sold at $2 to $2.23. consisting of Astrachans and Alexanders, enlivened the market. The first apricots and peaches from Kennewlck were among the day's shipments. Raspberries slumped a quarter with a steady value for strawberries, cantaloupes and lemons. The vegetable market bordered on flabbiness. Fancy local butter and eggs remained firm at yesterday's quotations, tiood quality eggs for high-class trade commanded 31 to 32 cents. Tho poultry market was quiet, with no change in tone and a brisk demand. Bluestem was quoted at K2 cents and oats slumped a half dollar. Receipts were 16 cars of grain and hay. New York Sugar Advances. NEW YORK. June K0. All grades of re fined sugar were advanced 10c a hundred pounds today. STOCKS DISCARDED Large Holdings Are Unloaded and Prices Drop. LIQUIDATION IS FORCED With the Weak Speculators Weeded Out, a Sharp Recovery Ensues and Xearly All the loss .Is Regained. NEW YORK. June 30. So violent a crash in prices of stocks as that which culminated today Is not to be explained by the sur face causes which, have been advanced from day to day, such as the impaired Spring wheat prospect, the reduction of railroad rates on the transcontinental roads ordered by the Interstate Commerce Commission, and similar explanations. Deeper causes are in dicated and were sought by inquirers in the financial district today. From the high point of last Thursday. Union Pacific sold at a decline of 20 points, and there were varying losses through the whole list of acrtive stocks. The early June advance followed the agreement reached be tween President Taft and the railroad presi dents to submit the proposed rate advances to the operation of the new railroad law and the movement by the representatives of the great private banks to secure assents from great shipping Interests to the proposed freight rate advances. The violent eclipse which has followed brings forward the oper ation of more general causes, which, it was supposed, had progressed so far toward correction as to pave the way for a gen eral recovery. The stock market of today and yester day showed how drastic a readjustment re mained to be made. Probable dividend re ductions by some of the railroads were dis cussed as events foreshadowed from the reaction of the stock market. The outcome follows the conviction of the unstable con ditions which were the outgrowth of the premature recovery from the crisis of three years ago. Starting with powerful artificial stimulant f6r the stock market last year, there followed an inflation of values in all directions, an era of extravagance In living and In business and industrial methods. Cap ital resources were engaged in land specu lation and Irrigation projects at a time when business was most In need of resources. There has been conviction that extensive commitments In speculative holdings of stocks which were carried through the cul mination of last year's rise in October have been held in the faith that each successive downturn in the market was a simple re action destined to be followed by a resump tion of the march of progress. It was cur rent belief that market pools involved in such holdings were being liquidated yester day and today in response to the imperative admonition of authorities In the banking and financial world. The quieter tone in the later dealings was proof of the relief already offened. Private estimates of the cotton crop were held to foreshadow a good Government crop report of conditions tomorrow. More at tentive perusal of yesterday's order by the Interstate Commerce Commission modified the Impression of its inclusive scope over practically all railroad rates. Money on call went no higher than 3fe per cent in spite of the disturbance of loans connected with the day's Impairment of margins. Bonds were weak. Total sales, par value, $3,350,000. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing Sale.-. High. Low. Bid. Allls Chalmera pf 271.4 Amal Copper .... b8,600 61 fe 57 4 60s Am AKricultural .. 300 40 38 38 Am Beet Sugar 3.4K 30 27Vj 29- American Can 4.3i0 7 BTs 7 Am Cur & Fdy 4.500 50 ?a 4S'S 4H Am Cotton Oil .. 5,1K o'J 57 58 Am Hd & Lt pf. 3"0 Wf, .10 'M Am Ice Seeuri 2,4m) 22 'j 21 a; 22 Am Linseed Oil.. 100 11 11 lo; Am Locomotive .. 3. UK) 40'4 38'-s 4014 Am Smelt & Kef. 3.0O0 71 701 do preferred ... 4O0 101 (4 100-Ji 1(10 Am Steel Fdy .. 300 51V. SI SI Am Sugar Ref,... 1,600 118'i 110 117'4 Am lei lei .... 3.400 1.12 i: Am Tobacco pf .. 84K 92'j 9ltJ 91 Am Woolen 30O 2s 26 27 Anacc-nla Min Co. 4.4'K) 37" 3S4 37 Atchison 57.6O0 OSS 91:; !js do preferred ... 600 9S, 97fe 0fe Atl Coast Line... 1.80O 1124 HO 112V4 Rait & Ohio 12.3O0 107 1044 107 Bethlehem Ste"l .. UK) 21 21 22t Brook Rap Tran. 20.200 74 yi 71 74 Canadian Pacific .. 5.500 1ST -184 186 Central Leather .. S.lol) 32 2Di 31 do preferred ... 200 loSVa NXS! 10314 Central of N .J.. loo 270 27o 270 Chra & Ohio 28.KIO 74 7014 T3H Chicago & Alton.. IOO 27 27 25 Chicago Gt W. 1,4110 23 23 2:". do preferred ... 500 4a 45 45 Chicago & N W ... 5.4U0 142 13Mi 141 C. M & St Paul .. S7.20O 118 113?i 317 C, C. C & St L.. 3X) 7tt 75 78 Colo Fuel & Iron.. 3.5'K) 32 30 3H4 Colo Southern.. 30o 55 Vi 54 5314 Consolidated Gas.. 23.4oO 132 129 131 Corn Products ... 3.4' K) 13V4 1 1 Vt 12 ',4 Del & Hudson .. I.00O 158 157 15S D & R Grande ... 2.Rt) 3l)i 27 30 do preferred ... 1.0OO 67 66 6Ti Distillers' Securi.. SOO 28V4 27 28 Erie 6.400 24-4 234 24 do 1st preferred. 1.90 41 ij 30',i 4014 do 21 preferred. 500 30 30V4 3014 General Electric .. 1.800 140-14 l:Vi 140 Gt Northern nf ... 23.COO 125 I20V3 12314 Gt Northern Ore .. 4,800 64 51 5H Illinois Central ... 1.700 128 . 125V4 12S Interborough Met.. 5u0 17V IS 17t4 do preferred ... 0.700 49t4 474 4!t, Inter Harvester .. 2.70O f.4'4 9314 94 Inter-Marine pf... K) 15 14 V 15 Int Paper 800 10ti 8 94 Int Pump ..... 41 Iowa Central 800 15 15 15 4 K C Southern .. !)'X) 28vi 27 28 do preferred ... 1.100 62 60 62 Lsclede Gas '. 3.31)0 96T4 bsU 9n" Louisville A Nash 4.700 142'-4 139 142Vi Minn & Bt Louia. 400 27 H 27 28 M. St P & 9 S M. 60O 132 128 12!4 Mo. Kan & Texas 18.ttOO 324 - 28Vi 8114 do preferred . .. 65 Miourl Pacific .. 4.400 80 55 Vi 50i4 National Biscuit 105 National Lead ... 3,500 0 67 6!)t4 Mex Nat Ry 2d pf 200 25 24 v, 24 u K Y Central 17.200 113 110 113 N Y, Ont & West. 3.100 42 40 41 No-folk & West.- 4,900 AS 96 7 North American .. 700 66 64 68 Northern Pacific .. 20.200 118 113 117 Pacific Mail BOO 24 23 14 24 Pennsylvania. 4.600 12!) 1264 129 People's Gas .... SOO 15 104 104 P. C C & St L. . . 3UO 95 93 94 Pittsburg Coal 2.80O 17 ' 14ti 16 Pressed Steel Car. 7.100 32 SO'i S214 Pullman Pal Car 155 Kv steel Spring ... 400 3 2 30 . 31 Reading 257,600 1 46 14T4 144t4 Republic Steel .. 2.50O- 29 29 ZOU do preferred ... 51") 92 91 90 Rock Island Co.. 1.9O0 36 30 334 do preferred ... 2.9O0 8 '77 79 Rt L & S F 2 pf. 2.HOO 47 3S 4H4 St L Southwestern 1.600 304 29 29 do preferred ... 800 71 70 71 Slof-Sheffield 1.3O0 6514 B3 65 Southern Pacific ..103.900 115 109 113 Southern Ifiiilway. 4.700 22 20 22'4 do preferred ... 2,000 55 '4 54 . f.514 Tenn topper -i-y 21 w. Texas & Pacific .. 800 27 27 27 14 Tol. 3t L & West. 800 23(4 22 23 do preferred ... l.KH) 49'4 47 49 Union Pacific . . .173,000 161',, 155 159 do preferred ... 2.100 91 8!) 90 TJ S Realty WK) 72H 71 71 U S Rubber 1.600 37t' S8 37 U S Steel 336,1'K) 71T 6814 71 do preferred ... 6.8'X 114 113 114 Utah Copper 8.700 41 39 4014 Vs-Curo Chemical. 9 100 54 55 Wabash 2.900 17V4 16 16 do preferred. ... 12.300 39 35 37 Western Md 1.300 42'4 41 42 WestirHrhouse Elec 2.90O 61 (18 61 Western Union ... 400 62 61 61 Wheel L Erie. , 3 Total sales for the day, 1,544.400 shares. " BONDS. NEW YORK. June 30. Closing quotations: TJ. S. ref. 2s reg.100 N y. c. gn Sfts 62 do coupon lOO JilNo. Pacific 3b 70 U. S 3s res 101 IN"o. Pacific 4s... loot! do coupon . . .301 V Union Pacific 4s.lO0 U. S- hew 4a reg.H4'WIs. Central 4s. 0O4 do coupon .. .114 '4 ! Japanese 4s .... 90 sr r- t. s... u. . Money. Exchange. Etc. NEW YORK. June 30. Monev on cal strong and higher, 214I13 per cent: ruling rate, 3 per cent; rioting bid. 314 per cent; offered. 3 ti per cent. Time loans steady and very dull. Sixty days. 33?34 per cent: 90 days, 3!i per cent; six montns. fa ir per cent. Frime mercantile paper, 4 420 per cent. Sterling exchange weak wit'o actual busi ness in bankers' bills at $4.S403'rt'4.8425 for 60-day bills and at S4.8.i!M for demand. Commercial bills. X 4.S3 hi 4.S3 . Bar silver. 53 He. Mexican dollars, 44c. Government bands steady: railroad weak. CHICAGO, June 30. New York exchange. 25c discount. LONDON. June 30. Bar silver steady at 24 ll-16d per ounce. Money, 3gz3 per cent. The rate of discount In the open market for ehort bills la 2 per cent; for three months' di 1 is, z l-ttt per cent. Consols for money. 82: do. for account. 82 7-10. SAN FRANCISCO. June 30. Sterling on London, 60 days'. $4.84;- sight, 4.S6. Oliver oare, oojc. Mexican dollars, 45c. Drafts Sight, par; telegraph, 3c. Uaiiy Treasury Statement. WASHINGTON. June' 30. The condition of the Treasury at the beginning of business today was as follows: Trust funds Gold coin JS2.74tl.S69 Silver dollars 4 Ml, 117,000 Silver dolars of 1S90 3,072. ouo Silver certificates outstanding... 489,117,000 Genera: luno Standard sliver dolalrs in gen eral fund 3.059.390 Current liabilities 90,107,599 working balance in Treasury of fices 23.845,799 In banks to credit of Treasurer of the United States 41.689.639 Subsidiary sliver coin 20.1O7.022 Minor coin 965.555 Total balance In general fund... 88.2S5,Ou3 s Eastern Mining Stocks. BOSTON, June 30. Closing quotations: Allouez 36 Amalg. Copper.. 60 Miami Copper... 1S MonawK 40 a. -A. l. & sm. . 22 Arizona Com. . . 13 Atlantic 5 Nevada Con. . . Nipiesing Mines. 18 10 19 9V4 31 xorth Butte. B & C C & S M. 10 'North Lake.. Butte Coalition. 14 'Old Dominion.. cal. & Arizona. 49 Osceola 12 Cal. & Hecla...535 Parrott (S. & C.) 13A Centennial 15 Qulncy os Cop. Ran. C. Co. 58 superior 38 K. Butte Co. M. 6 Sup &. Bos Min. . o y' Franklin 9!Sup & Pitts Cop. 9 Giroux Con 0Tamarack 46 Granby Con. ... 31 U. S. Coal & Oil 34 4 Greene Cananea. 6U. S. S. R. & M. 36 I. Royale (Cop.) 154 do preferred .. 41 y Kerr Lake 7T4!Utah Con 19 Lake Copper.... 45 iwinona 6 La Salle Copper 70 jWolverine 110A CATTLE ARE PLENTIFUL MAKE UP MOST OF THE RUN AT THE STOCKYARDS. But Prices Are Steadily Maintained. Hogs Continue to Sell at Ten Dollars. Cattle comprised the bulk of the receipts at the stoekvards vesterday and the record of the ft3lea shows the market to maintain a very steady tone. The best steers on sale went at $5.50 and cows sold from J3.60 to $4.60. Calves sold up to $6.65. Ten dollar hogs were again in evidence, three low bringing that figure. Good lambs sold at $5.55. Receipts were 743 cattle, 12o calves, 2,4 sheep and 101 hogs. Sh noers of the stock were: George Perry, of Heppner. 1 car of cattle and calves; R. G. Jones, of - Heppner. 1 car ot came; J. w . Marlett. of Heppner, 1 car. of cattle; Kidwell or Caswell, of Baker City. 4 cars of cattle; M. J. Devers. of Caldwell. 1 ca,r ot hogs; Bauman & Johnson, of Baker City. 7 cars of cattler-C. E. Howard, of Huntington, 1 car of cattle; A. F. Milne, of The Dailea, 1 car of cattle: S. L. Overton, of Brownsville, 1 car of cattle and hogs: A. Kent, of Drain, 2 cars of sheep, and C. J. Frazler, of Kilroy, Cal., 6 cars of cattle. The day's sales were as follows: Weight. Price. 6 calves 478 $3,50 4 ea ves 330 4.0O 28 steers lloo 5.50 24 steera lo.3 4.85 1 cow - 1090 4.50 1 bull 1520 3.75 1 bull - noii J. 10 1 bull 1440 3.50 6 calves 296 5.25 1 calf 230 6.65 9 calves 160 6.55 1 calf 290 5.25 10 cows fc7i .1.75 22 cows 0 3- 24 calves - 1! t5 139 lambs - 5!) 6.55 22 lambs, culls 5o 4.00 14 hogs H3 10.00 70 hogs , 203 1O.0O 17 hogs 145 10.00 18 cows 905 4.45 1 bull 1221 3.75 Prices quoted on the various classes of stock at the yards yesterday were as fol lows: Beef steers. good to choice California 5.50(fft 5.75 Beef steers. good to choice Kastern Oregon and Valley 5.40 6.60 Beef steers, fair to medium. .. . 4.25ft) 4.75 Cov.s and heifers, good to choice 4.50 4.75 Cows and heifers, fair to me dium 3.75 4.25 Bulls 3.0041) 4.UO Stags 3.5oy) 5.00 Calves, light 5.75'cj) 0.75 Calves, heavy 4.00fs 6.00 Hogs, top 9.60H2 10.0O Hogs, fair to medium .... 8-50 3j 9.0 Sheep, best wethers 4.25'o 4.50 Sheep, fair to good wethers.... 3.50'io 3. 1 5 Sheep, best ewes 3.75!ji) 4.00 LairiCs. choice 3.50(B) 5.90 Lambs, fair 4.65 5.15 Eastern Livestock Markets. KANSAS CITY, June 30. Cattle Receipts, 4000; market, steady to strong. Native steers, $5&8.25; native cows and heifers, $2.50Q7; stockera and feeders, $3.255.75; bulls, $3. 25(g) 4.75; calves, $3.75(57.75; Western steers, $4eS; Western cows, $3&S. Hogs Receipts, 7000; market, 10c higher. Bulk of sales, $9.20fi.S5; heavy, 9.104i9.20; packers and butchers. $9.15(9.35; light, $9.25 69.40; pigs, $8.60(69. Sheep Receipts, 3000; market, steady. Mut tons, $3.75"&5; lambs, $U&7. SO; ted wethers and ' yearlings. $4.25(56; fed Western ewea, $3.7584.75. CHICAGO. June 30. Cattle Receipts, esti mated, DO00; market, steady to shade up. Beeves, $5.308.55: Texas steers. $4.2o8.75; Western, $5.407.25; stockers and feeders. $3.50 &5.90; cows and heifers, $2.75&6.85; caivea, $5.50(88.25. Hogs Receipts, estimated, 14,000; market, 10c higher. Light $9.25 9.55; mixed. $9.10 9.50; heavy, $8.80&9.35; rough, $8.8uigU; good to choice heavy. $U.35; pigs, $9.20(& H.T5; bulk of sales, . $9.2U0. 40. Sheep Receipts, estimated, 10,000; market, strong. Native, $2.7564.85; Western, $3.25 4.65; yearlings, $5(S6; lambs, native, $4.75S 8.30: Western, $5(87.75. OMAHA, June 30. Cattle Receipts, 1OO0; market, active and stronger. Native steers. $5(g8; cows and heifers, $38.75; Western steers. $3.2516.25: cows and heifers, $2.75&-5; canners, $2-50gi3.50; stockers and feeders, $3 &5.75; calves, $3.7556.75; bulls, stags, etc., $3.2533.40. H.iga Receipts, 10,500; market. Be to 10c higher. Heavy, $8.909.10; . mixed. $3.953 9.05: light. $9. 10 9.25; pigs, $7.509; bulk of na lea, $S. 85(3 9. 10. Sheep Receipts, 2000; market, strong. Yearlings. 4.SOj5.50; wethers. $3.654.25; ewes, $3.25(64.10; Iambs. $8.257.50. Metal Markets. NEW YORK. June 30. Standard copper, weak. Spot, 11. 75r 12.10c; July. August and September, 11.7512.00c. London, quiet. Spot, 54 10s: futures, 55 3s !)d. Arrivals reported at New York, 550 tons; custom house returns show exports of 140 tons, making 19,802 so far this month. Lake copper. 12.62& 12.87'4c; electrolytic, 12.25 12.50c; casting, 12.1214 ai2.37c. Tin strong. Spot. 33. 25 3.1. 50c; Julv and August, 33.12V!fi'33.5oc, and September. 33.15S'.33.50c. Sales, five tons spot at 33.20c. London strong, spot 150 los; futures, 151 5s. Lead. firm. Spot, 4.454.n0c. New York; 4.424 4.45c. East St. Louis. London, lower. 12 lis 3d. Spelter, firm. Spot. 5.50(g;5.60c, New York: 5.00(8 5.0714c, East St. Louis. Lon don. 22 5s. Iron, unchanged, 49s 4d for Cleveland warrants in London. The local market was quiet. No. 1 foundry Northern, $16.503 16.75; No. 2. $16.00 16.25; No. 1 Southern and No. 1 Southern soft. $16.25 Q 16.75. New York Cotton Market. NEW YORK. June 30. Cotton futures closed very steady. June. 15.34c; July, 14.73c: September, 13.16c; October, 12.54c; November. 12.39c; December, 12.34c; Jan uary, 12.30c; February. 12.29c; March. 12.31c Cotton spot closed quiet, 30 points higher. Mlddlmg uplands. 15.35c; do aulf, 15.60c Sales, 13,162 bales. , SHARP WHEAT DROP Wall Street Weakness Affects Chicago Market.- OFF NEARLY THREE CENTS Kain in the Xortliwest and Good Harvesting Returns Elsewhere Add to the Depression. Selling Is Heavy. CHICAGO. June 30. Wall street weakness appeared to be a bearish influence on the wheat market today, whereas the same cause exerted the opposite influence in the first stages of the Northwestern crop scare. Ex planation seemed to be in the fact that the grain trade is now figuring on the wherewithal to handle the coming crop. General selling of wheat had another powerful reason in the good rainfall at Bismarck, N. D., suggesting a. general breaking of the drouth which has threatened the yield in the Dakotas and Min nesota. Closing prices were 2Vj to 2c net. lower. corn and oats, respectively, snowea losses of (8c and Tsc Provisions were unchanged to 5c down. Time after time the wheat market rallied, but In every instance the price weakened and worked lower. The offlciul forecast was for showers and cooler weather in the North west tonight and tomorrow. The Kansas crop exploded theories of extremists regard ing Winter wheat and there were advicea from the harvesters showing unanimously fine results. Even Missouri, eaten by Hessian fly and with much of the state's acreage plowed under, reported a No. 1 grade for the initial car of wheat sent to St. Louis. Oklahoma was said to be taking In grain of magnificent quality. An estimate by a private authority that the total Winter and Spring crop would reach only 603,000.000 bushels was so far away from tho popular conception that selling ef forts were redoubled, rather than otherwise. September ranged from 97c to 99c, closing weak at 97-"4 to 970, a loss of 2 to 2?ic, compared with last night. Corn speculators showed a remarkable changa of front in many states. The decline was ascribed to the Influence of wheat. Sep tember recovered between 59(g594c and 60c, with the close c net lower at 53c. The cash market waa firm. No. 2 yellow closed at 0O61Kc. Longs unloaded oats and some of the large sellers of wheat took a hand also on the bear Bide. Variations for the September option reached high and low limits at 38c and 38 c, finishing c off at SS'ac Final quotations were 5c less expensive for pork and lard, with ribs unchanged to a shade lower. The leading futures ranged as follows: WHEAT. Open. Hirh. . Low. Close. July $ .98 '4 $ .98". $ .98 "4 $ .97 Sept 99 V- ,.S9 .97 1. .97 4 Dec 1.004 1.00H .98: .9ST4 CORN. July .-,8'i .58 .57 .57"4 Sept 0?4 .6014 : .5 .Si Dec........ .884 .58:4 -5SV .5814 OATS. July .39 .39 .38V4 -SSVi Sept 38i .38i .38 .381 Dec 39, .39 .38T4 -38 MESS PORK. July 23.80 23.80 23.65 23.70 Sept 211.55 22.55 22.45 22.45 LARD. July 12.3714 12.371.4 12.25 12.30 Sept 12.42 54 12.42 ',4 12.30 12.3214 SHORT RIBS. July 12.92'4 12.S5 12.90 12.90 Sept 12.4254 12.421,4 12.35 12.40 Cash quotations were as follows: Flour Firm. Rye No. 2, 74 76c. Barley Feed or mixing, 4Sfir56c: fair to choice malting. 60 (& 67c. Flax seed-No. 1 Southwestern, $1.974; No. 1 Northwestern, $2.0714. Timothy seed $5. Clover $11.50. Pork Mess, per barrel. $2424.23. Lard Per 100 pounds. $12.32 ftfl3. Short ribs Sides loose), $13 (a 13.37H Sides Short, clear (boxed), $14 14.25. Grain statistics: Total clearances of wheat and flour were equal to 104,000 bushels. Primary receipts were 308,000 bushels, compared with 234. 000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat. 5 cars; corn, 241 cars; oats, 131 cars: hogs, 13,000 head. Receipts. Shipments. Flour, barrels ......... 20,300 13,400 Wheat, bushels 9.600 33,000 Corn, bushels 196,400 138.100 Oats, bushels 136,800 156,900 Rve. bushels 3.000 Barley, bushels 69.000 6,600 Grain and Produce at New York. NEW YORK, June 30. Flour Quiet and easy following wheat. Receipts, 16,722; shipments, 5517. Wheat Spot weak. No. 2 red, $1,054, nominal, c. i. f. to arrive elevator: No. 1, Northern, $1.21, nominal, f.o.b. to arrive. Wheat was lower under active selling on rains in the Northwest and the weakness in the outside markets. Cables were also weak and reports on the Winter crop were excellent. At the close, prices were weak at 2i3c decline. July closed $1.0444; September. $1.03 '4; December, $1.04. Re ceipts. 40.900; shipments, 71,858. Hops Easy. Hides and wool Quiet. Petroleum Steady. Minneapolis Grain Market. MINNEAPOLIS. June 30. Wheat July. $1.10; September, $1.05(4: December. $1.03. Cash No.' 1 Northern, $1,114 l.lS1 ; No. 2 Northern, 1.09'4 1.11 ; No. 3, $1.004 1.09 M. Corn No. 3 yellow, 55 56c. Oats No. 3 white, 38 40c. Rye No. 2, 0871c. European Grain Markets. LONDON, June 30. Cargoes, quiet but steady; buyers reserved. Walla Walla for shipments, 33s Cd to 34s. English country markets. Arm; French country markets, steady. LIVERPOOL, June 30 Wheat July. 6s 7Vd; October. 6s 9Vd; December, 6s 10d. Weather, unsettled. , Grain at Sab Francisco. SAN FRANCI9CO, June 30. Wheat steady barley firm. Spot quotations: Wheat Shipping, $1.4254 1.45 per cental. Barley Feed. 88-c(g$l per cental; brewing. l.OTjirl.lO per cental. Oat Red. SI. 13 1.216 per cental; white, $1.42661.474 per cental; black, nominal. Call board sales: llarley December. $1.04i4 per cental; May. 1.C'8'4 per cental. Corn Large yellow, $1.531.55 per cental. Grain Markets of the Northwest. TACOMA. June SO. Export wheat Blue stem, Stic; club. S2c. Milling Bluestem, felc; club, 7Sc. Keceipts Wheat, 8 cars; oats, 2 cats. SEATTLE, Wash., June 30. Milling quotations on various grades were: Bluestem, forty-fold. S4c; club. 83c; fife, 8;ic; red Russian, Sic. Export wheat Bluestem, 83c; forty-fold. Sic; club. 80c; fife. 80c; red Rus sian. 78c. Yesterday's car receipts Wheat. 4 cars; oats, 2 cars; barley. 2 cars. Dried Fruit at New York. t NEW YORK, June 30. Evaporated apples dull and featurelses with small offerings and a light demand on the spot. Fancy quoted at 104 g 10c; choice, 884c; prime, 774c; common to fair, Gebc. Prunes steady on small offerings and prospects for a small crop. Quotations range from 33f9c for Californlas up to 30-40s and 4H(a974e for Oregons. Apricots quiet, but slow and firm under- tone. Choice, DViQlOSic; extra choice, lOVi ail: tancy. ju (i ,c. Peaches in better demand and somewhat firmer. Choice. 6101ic; extra choice. 7 74c; fancy. 74g174c Raisins inactive but firm on unfavorable reports regarding the crop. Loose muscatels quoted at 374 uic: chlce to fancy, seeded. 4ti8c: seedless, 344'4c; London lay ers, ?1.201.25. Coffee and 8ugar. NEW YORK. June .'to. Coffee closed steady with the close quiet, net unchanged to two points higher. Sales were reported of 3,"i00 bags. Closing bids: July, 6.60c; August, 6.6.'c; September. October, Novem ber and December, 6.70c; February, 9.74c; lumbermens National Bank CORNER FIFTH AND STARK STREETS PORTLAND, OREGON Capital OFFICERS. G. K. Wcntworih Prealdeat John A. Keating; Vice-President Geo. L. McFberaon. . .VIce-Prealdent II. D. Story Csuihler p. A. Freeman Assistant Cashier Graham Dukehart-Asstatant Cashier "'II 1 mil 1 hi 11 1 aiie mm I II 11111111111 ! Ii 1 ' OLDEST BANK ON THE PACIFIC COAST CAPITAL $1,000,000 SURPLUS and PROFITS $600,003 OFFICERS. P7. M. LADD. President. EDW. COOKINGHAM. VIce-PreskBs W. II. DUNCKLET. Cashier. Ft. s. HOWAP.D. JR.. Ao-t Casbter. L. W. LADD, Assistant Cashier. WALTER M. COOK. Aas't Cashier. Interest Paid on Sayings Accounts and Certificates of Deposit We Issue) Letters of Credit. Foreign Drafts, and Travelers Cliccti irst Diaiionai EanK Ca-pital $1,500,000 Surplus 750,000 Oldest National Bank West of the Rocky Mountains 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 March, 6.74c; April, 0.70c; and May, 6.78c. Spot steady; No. T Rio. 8 He; No. 4 San tos. VM,c; mild quiet; Cordova. DHl-4c. Raw sugar, firm. Muscovado. .S!) test, $3.80; centrifugal, .90 test. J4.30; molasses sugar, .81) test. I3..15. Refined, steady. Crushed, $5.85; granulated, $5.15; powdered, $5.25. Dairy "Produce in the East. CHICAGO, June 30. Butter Steady. Creameries. 24,,4f'27tM: dairies. 23(S20c. Eggs Steady. Daisies. 15M.'S15:!ic; twins, 15il54c: Young Americas 15i'i$il5ic; long horns. 154 ft 15-Tie. Cheese Steady. Daisies, !."i'4 C?154c; twins, 1515Vc; Young Americas, 154 15 Vic; long horns, 154 if 15?4c. NEW YORK. June 30. Butter, firm. Cream ery specials. 2D,4c: extras. 284&28;ic. Cheese Firm. State whole cream fancy white. 144c Egg". weak, except for fancy. State, Penn sylvania and nearby gathered brown, 21&-24C. Dultith Flax Market. DL'LTJTH, June 30. Flax to arrive on tfcck, July, $'.M0; September, 193Vi asked. Wool at St. Louis. ST. LOUIS. June 30. Wool Steady. Ter ritory anil Western medium. 17'22c; fine rnerttum. IKtivMt-: line. 12f.rl4f. Many property -owners. KNOW NOW many will learn, thai TULITHIC Pavement Las mors et& bility, more real value than any other hard-surface pavement laid. TRAVELERS' GUIDE. San Francisco and Los Angeles DIRECT North Pacific S. S. Co.'s S. S. Roanoke and S. S. Elder sail every Wednesday alternately at 6 P. M. Ticket office 132 Third St.. near Alder. MARTIN J. Hlf'I, EV, Pammgrr Aaent. W. H. SMKFKH, RrelKht A (rent, l'honea M. 1314, A 1314. $500,000 DrRKCTORS. fi. K. Wentwortu f has. S. Kustsell P. S. Brumby Dr. K. A. J. Mackenzie 4eorge G. Bingham I. loyd J. lYentwortb J. K. Wheeler ; Geo. McPlierson John A. Keatins Kobert Treat l'latt II. 1). Story DIRECTORS. EDWARD COOKINGHASL HENRY L. CORBETT. WILLIAM M. LADD. CHARLES E LADD. J. WESLEY LADD. B. B. LINTHICUM. FREDERIC B. PRATT. THEODORE B. WILCOX. TRAVELERS' GUIDK. All Modern Safety Devices (Wireless, Eto. LONDON PARIS HAMBURG Pres. Grant ItKais. Aug.Vlc.July30 11 a. m July lo Pres.Llncoln Aug. 10 Cincinnati ...Julv 111 tAmerika ....Aug. 13 JPennsylvania July 'Jo: 'Pres. Grant Aug. 17 Cleveland ..July 2:',) TUnexcelied P.ltz-Carlton a la Carta Res taurant. "New. Hamburg direct. ITALY VIA CIBRALTAB, NArLI S and GENOA. 8.S. MOr.TKF. July 18. r. M. S.S. 1IAMIH H(i August It S.S. MOtTKli August 3U Hamburg-American I.lnn. 160 I'owell bt.. bua Iranc'lsco. Cal. and Local R. K. Agents la Portland. COLUMBIA RIVER SCENERY Fast Excursion Steamor CHAS. R. SPENCER Leaves dailv except Wednesday. 6 A. M-. for Hood Kiver and way landings and re turn leave Hood KlvW, 2:M V. M.i arrive Portlaud 8 P. M. SUNDA Y EXCURSIONS. Leaves V A. M.; return;. b.M P. M. First-clajsc Meals Served.. Fare. One Dollar Round Trip. Up-town Office, (ill 5th St. Phones Marshall 1979, A 1293. 'Landing and Off;-:e. Foot Washington St. Phones Main 8019, A 24U5. Lowest Kates to Picnic parties. E. W. SPENCER. OWNER. COOS BAY LINE 5-DAY SERVICE. Steamer Breakwater leaves Portland 9 A. M-. July 3. IS. 13. 18. 2.1. 2S. Aug. 2. 7, s. 14. 10, 24, 2i) and every five days, from Ainsworth Dock, for North liend, M'trpri flehi and Coos Hay points. Frnlht received until 5 P. M. diilly. I'a.ssemrer fare, llrst class, flu; sei-ond-claps. 7, including berth and meals. inquire City Ticket Office. 3d and Washington sis., or Ainsworth Dock. Mnln 2CS. SAX FRANCISCO PORTLAND PS. CO. New Hervice to Kan Pedro Every 5 Days. From Ainsworth Dock. Portland. 9 A. M. : S.S. Beaver, July 9: Bear. 7; Rose City 13. From San Francisco for Portland, 11 A. M. S.S. Hear. July 2; Rose City, 6. From Han Pedro, northbound. tj.W. Beaver. July 8: Bear. 13: Rose Clly. 18 II. O. SMITH, C. T. A.. 142 Third St. Phones: Main 40J. A 14U2. J. W. RANSOM, Agent. Main 268. Ainsworth Dock. SEASICKNESS Will be prevented and relieved by usln TOMQL'E MAL UE MER, a safe and relia ble remedy. Take a bottle with you and In sure yuurself all pleasures of &r. ocean voy age. Sold by leading druggists. Price 6ft cents, or mailed, postpaid, by NKPTUNE REMEDY CO., Sole Manufacturers. Phone Main 2207; 6512. Portland, Or-