THE MORNING OREGONIAN. THURSDAY, .TTJI.Y 7, lSJlO.
1!
HIDES AT SIX GENTS
That Is What the Local Trade
Is Looking For.
MARKET IN A POOR WAY
Tanners Have Ceased Buying and
Dealers Are Holding Off Pur
chasers Until Conditions
Are More Settled.
The hide market at the present time is
In poorer shape than it has been for years.
There is, to all Intents and purposes, no
market at all. Local dealers say they are
buying nothing and what few hides are
coming in are on consignment. These con
signments are from the smaller butchers.
The larger ones are hording back, and the
dealers are Klad of it.
Local prices of salted hides have been cut
this week to 7?7V4 cents and it is the
belief of some of the dealers that the mar
ket will drop until It strikes the 8-cent level.
It was hoped that after the Fourth there
would be a better market all around with
a revival of demand on the part of Eastern
handlers and consumers, but It has failed
to materialize and the opinion Is now gen
eral that there will be no reaction In the im
mediate future.
Two years ago. when prices slid off much
as they have done lately, the market did
not show the depressed condition that pre
vails today, nor were prices as low as they
are now. and last Winter, during- the long
haired season, better prices were obtainable
on the offerings than are quoted on the
choice short-haired-bides that are coming in
at the present time.
The inactivity of the tanners is responsi
ble for the slump in the hide market. The
tanners are staying out entirely, or offering
prices so low that they cannot be accepted
without incurring great loss. A number of
them have taken advantage of the situ
ation to close down their plants for the
season, while others are taking on Just
enough supplies to keep them going. The
impression prevails in some quarters that
the tanners have formed a combine to de
press the market in the hope of making
up losses suffered last year.
SOUND MILLERS AKK BUYING WHEAT.
alifornians Are Interested, bat Still Object
to Prices Asked.
Almost the only business reported In the
wheat markets of the Northwest yesterday
was done by Puget Sound millers, who are
said to have paid up to 8n& cents for blue
stem. This is taken to mean they have
some flour shipping business In sight. The
local dealers could not or would not com
pete against these bids, their outside limit
being S5 cents. The California millers are
again beginning to show si.me Interest and
are nibbling, but no business Is known to
have been worked on Southern account In
milling grade, though some feed wheat has
been taken for shipment south.
Oats are steady at the quotations that
have prevailed since Saturday, but the de
mand is limited. Barley is very dull.
Local receipts, in cars, were reported by
the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Mon. and Tues...28 8 23 R
Wednesday ..... 13 .... 12 5 9
Year ago 4 .... 3 4 2
Season to date 6.". lo B3 IS 32
Year ago s 2 21 8 12
Supplies are
but Turlock
FRUITS SELL WITH WARM WEATHER.
Melons and Cantaloupes Firm Car of Bart
letts Coming;.
The warm weather made the demand for
fresh fruits a brisk one and all offerings In
good marketable condition were quickly
bought up.
Watermelons were Arm at 2 cents and
will go no lower this week,
light in the Dtnuba section,
will begin shipping next week, when melons
wilt again become plentiful. Two cars were
received yesterday. Cantaloupes were scarce
and firm at $2.50(?3 per crate. One more
car will arrive from Imperial Valley. Carlot
shipments from Turlock will be moving next
week.
A car of mixed fruit, mostly apples, was
received from the South. A straight car
of California Bartlett pears will be on
hand later in the week. Small fruits of all
kinds were In good supply and sold well
Blackberries were slightly lower and other
kinds were unchanged.
ACTIVE TRADE IX POULTRY MARKET.
Oregon Eggs are Scarce and Firm Butter
Will Advance.
Poultry dealers find no difficulty In mov
ing their stocks of chickens these days.
Hens and Springs, except the very small
ones, sell readily at top prices. Ducks are
only in fair demand and there Is a. steady
call for a limited number of turkeys.
The egg market is firm with receipts of
Oregons steadily decreasing. Candled stock
Is held at 27. cents and 26 cents is quoted
for case count. Eastern eggs are plentiful
at the lower range.
The market for dressed meats Is firm with
receipts small.
There is a very firm butter market and
higher prices on . city creamery will prob
ably be quoted today.
Sales of New York State Hops.
According to mail advices from New York
City, several hundred bales of New York
tate hops have been purchased in various
sections, presumably to cover the recent
sale of a big block to a large Western
brewer. Otherwise, the Eastern market is
quiet. The New York crop, on the whole,
la good, though the hot wave acted as a
check on the growing vine.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland
Seattle .
Tacoma
fepokane
Clearings. Balances,
Sl.TKT.ls- 1U4,411
2.16H.MS5 104.150
1.MJO.T04 IIS.OSS
S5U.41B S0.964
PORTLAND MARKETS.
Grain, Floor, Feed, Etc
WHEAT Bluestem. Sac: club, 81c; red
Kussian, 78c: valley, 82c.
FLOUR Patents, S3. 15 per barret;
straights, JI.uO&4.75: export, S3.6U&3.80;
Valley. ;.:tO; graham. $4.80; whole wheat,
quarters. $5.
BARLEY Feed and brewing, S1920 per
ton.
CORN Whole, $32; cracked, $33 per ton.
HAY Track prices: Timothy, Willamette
Valley, $20i21 per ton: Eastern Oregon.
$2224: alfalfa, new, $13 14.
MILLSTUFFS Bran. 2 per ton; mid
dlings, $3U; shorts, t2122; rolled barley,
$24. M' 15 25.50.
OATS No. 1 white. $2o.5O26.50 per ton.
Dairy and Country Produce.
SUTTER City creamery. extras, '29c;
fancy outside creamery, 28 23c per pound;
store. 23c. (Butter fat prices average 114c
per pound under regular prices.)
KUCJS Oregon candled, 27c per dox.'
Eastern. 2-c
CHEESE Full cream twins. 1717He
per pound: Young America, 1818V-c
POULTRY H-ns. lHic; Springs. 20
22Hc; ducks, 15&I7c; geese, luetic: tur
keys. Jive, li⁣ dressed, 22i4!oc:
squabs. $3 per dozen.
PORK Fancy, 1212ic per pound.
VEAL Fancy. 1 1 s 1 1 tjc-per pound.
LAMBS Choice. 11 ft 11 He per pound.
Vegetables and Fruits.
GREEN FRUITS Apples. Oregon New
town. $2 per box: new. $ 1.75 2.25
per box; cherries 512c per pound;
apricots. ll.:'5f1.75 per box: plums, $19
1.60 per box: gooseberries. 56c per lb.;
currants. J2.25ft-2.40 per box; pears, new,
$1.50 per box; peaches. 90c&$l per box.
BERRIES--Kaspberries, $1.401.50 per
crate; loganberries. $11.40 per crate;
blackcaps, S1.25&1.S0 per box; blackberries,
$1.752 per box.
MELONS Watermelons. 2c per pound;
cantaloupes. 12.503 per crate.
TROPICAL FRUITS Oranges, $2.504;
lemons. $6S7; grapefruit. $3.256 per box:
bananas. -5 Vic per pound; pineapples, "7 & 9c
per pound.
VEGETABLES Artichokes, 60 75c per
dozen; asparagus. $1.252 per box; beans,
1(6 3c per lb.; cabbage, 2?4Jc per lb.;
cauliflower, $2 per dozen.; corn, 45c per
dozen; cucumbers. 50c per dozen; egg plant.
1214c per pound; head lettuce. 5060c
per dozen; hothouse lettuce. GOc
$1 per box; garlic. 1012Vc per lb.;
horseradish, 8lvC per lb.; green onions, 13c
per doz. : peas. 2c; peppers, 20o per
pound: radishes, 15 20c per dozen: rhubarb.
3c per pound; spinach. S10c per pound;
squash. 75c per crate; tomatoes, 91&2 per
box.
SACK VEGETABLES Carrots, 85c$l:
beets. $1.50: parsnips. 75c $ 1.
POTATOES Old Oregon. 0075c per hun
dred: new, IVie per pound.
ONIONS California red, J2.502.75 per
sack.
Groceries, Dried Fruits, Etc.
DRIED FRUIT Apples, 10c per pound;
peaches, 7c; prunes, Italians, 45c; prunes,
French, 45c; currants, 10c; apricots, 15c;
dates, 7c per pound; figs, fancy white, 6c;
fancy black, 7c; choice black, 5 Vic
SALMON Columbia River, 1-pound tails,
$2 per dozen; 2-pound talis, $2.93; 1-pound
flVts, $2.10; Alaska pink. 1-pound talis, 9Uc:
red, 1-pound talis, $1.45; sockeye, 1-pound
tails. $2.
COFFEE Mocha, 24 28c; Java, ordinary,
17 20c; Costa Rica, fancy. 1820c: good,
16'a lSc; ordinary, 1216c per pound.
NUTS Walnuts, 15c per pound; Brazil
nuts, 134 13c: filberts, 16c; almonds. 17c;
pecans. 19c: cocoanuts, 90c$l per dozen.
SALT Granulated, $15 per ton: half
ground, 100s, $10.5O per ton; 50s, $11 per
ton.
BEANS Small white, 5c; large white,
4ic; Lima, 5c; pink. 7c; red Mexicans,
7c; bayou, 7c
SUGAR Dry granulated, fruit and berry,
$6.25; beet, $ti.05; extra C, $5.75; golden C,
$5.65; yellow D, $5.65; cubes (barrels,
$5.65; powdered, $6.50; Domino, $10.40
$16.00 per case. Terms on remittances with
in 15 days deduct He per pound. If later
than 15 and within 30 days, deduct He
per pound. Maple sugar. 151 8c per pound.
RICE No. 1 Japan, 4c; cheaper grades,
$3. 50r 4. 55c; Southern head, 5M.&'7c.
HONEY Choice. $3.25 $3.50 per case;
strained, 7c per pound.
GRAIN QUOTED HIGHER
WHEAT AND OATS ADVANCE IN
SEATTLE MARKET.
Hay Arriving Kroiij California.
Eastern Eggs Poor and Storage
Stock Drawn Upon.
SEATTLE. Wash., July 6. (Special.)
As a result of the bullish attitude of
Eastern Washington gralngrowers, wheat
and oats were both quoted higher here to
day. Blueatem wheat went to 87 cents and
club to 82 cents. Oats moved up to $ J7.."0
with no sellers. Oats farmers are plainly
speculating; on the weather, which now
means much to the oats crop. Meanwhile,
much new California hay is arriving from
the south by boat.
Three carloads of watermelons were on
the track this morning;. The supply was so
heavy that prices were put to i cents.
Cants were deridedly firmer and a $J to
;i.50 market was predicted before the end
of the week. The market was overstocked
with peaches. Good Alexanders sold as low
as 40 cents and moved slow at that price.
Prime Moorparks sold as low as $1.
Two cars of tomatoes arrived. Good stock
commands $1.50. Potatoes were firm. Fancy
new California whites sold at $ l.uO.
Fresh Eastern egrgs are arriving in poor
condition, so poor, in fact, that dealers may
commence to draw out Aprils to meet re
quirements. Poultry receipts today were
lighter than expected, but prices were un
changed. The cheese market was firm.
SAN JfK AN CISCO QUOTATIONS.
Produce) Prices Current In the Bay City
Markets.
SAf FRANCISCO, July ft. The follow
ing prices were current in the produce mar
ket today:
Butter Fancy creamery. 23c ; creamery
seconds, 7c; fancy dairy, 27c.
Cheese New, 1314c; young America, 15
43-15&C
Eggs Store, 25 c: fancy ranch, 27c.
Poultry Roosters, old. ?5p5.50; rosters,
young, $7.50 8. 50; broilers, small, $2.253;
broilers, large, $3.25 3.50; fryers, S5&U.
hens, f510; ducks, old, $4.505; ducks,
young, $68.
Vegetables Cucumbers, 15 75c ; garlic. 3
4c: green ea. $1&1. 50; strinpr beans. 3ff7-5e;
asparagus-. $1&$1.75; tomatoes, 35c$l. 50;
eggplant 4-,6c.
Hops California, ll14c.
Millstufta Bran, $2223; middlings, 128
31.
Hay Wheat, 914; wheat and oats.
$0(5 12; alfalfa. 97010; stock. $57; straw,
per bale. 40 65c.
Fruit Apples, choice, 75c$1.25; apples,
common, 35'oOc; bananas, 75cig$3; Mex
ican limes. $8.50&7; California lemons, $2
6; oranges, navels, $1.50 (& 6.50; pineap
ples, $2. 50 (& 3.50.
Receipts Flour, 6705 quarter sacks; wheat.
18r0 centals; barley, 11,605 centals; oats, 2745
centals; beans, 1183 stacks; potatoes 2U3U
sacks; bran, 30 'sack?; middlings, 35 sacks;
hay. 2S8 tons; wool, 687 bales; hides, 450.
Dairy Produce in the East.
CHICAGO, July e. Butter Steady;
creameries. 24 H27 Vjc; dairies, 23(&26c.
Eggs Receipt. 24.628 ca-s; easy at mark,
cases included, 1414 Vjc; nrata, 16c; prime
firsts. 17 c.
Cheese Firm; daisies, 15U$'153c; twins,
15fcl5fc,c; Young Americas, 15itfl6c; long
horns, 15&16c.
Wool at St. Ivouis.
ST. LOUIS. July a Wool Steady; terri
tory and Western mediums 12-18c; fine me
diums, 1617c; fine, 12 14c.
lally Treasury Statement.
Washington, July 6- The condition of
the Treasury at the beginning of business
today was as follows;
Trust funds r
Gold coin $SH3,036,Sm
Silver dollars 4U0.734.Ot)O
Silver dollars of 1800 3.Ht!6,ono
Silver certificates outstanding... 400,734,000
General fund
Standard silver dollars In gen
eral fund $ 1,416.387
Current liabilities 95,684,343
Working balance In Treasury
offices . . . , 41,205,813
In banks to credit of Treasurer
of the United States 30.831,039
Subsidiary silver coin 19,727.233
Minor coin 8St2,tR)S,M0
Total balance tn general fund... 104. 919,212,
Changes In Available Supplies.
NEW YORK, July 6. Special cable and
telegraphic communications received by
Bradstreets show the following changes In
available supplies, as compared with pre
vious account.
Wheat Bushels.
United States, East of Rockies,
decreased 1.278,000
Canada, decreased 1,458,000
Total, United States and Canada.
decreased 2,731,000
Afloat for and in Europe, de
creased 5, GOO. 000
Total American and European sup
ply decreased , 8,331,000
Corn
United States and Canada, de
decreased 4 IS, 0 00
Oats
United States and Canada, de
' creased . , 963,000
Dried Fruit at New York.
NEW YORK, July 6. Evaporated apples
in better demand and prices firmer. On the
spot fancy is quoted at lO to 1 1 c ; choice,
84 9; prime, 77H; common to fair, $
Prunes firm on the decreasing stocks,
quotations ranging from 3 9 c for Cali
fornia's up to 30-40s and 4WUVc for Ore
gons. Apricots firm, with a quiet domestic trade,
but a fairly active export demand. Choice.
OVi lOc; extra choice, 10 11c; fancy,
10 12tic
Peaches, quiet and steady. Choice
6ic; extra choice, 77fcc; fancy, 74
7Vc.
Raisins dull but steady. Loose muscatels.
3?ir5c: choice to fancy seeded, 4 if
6 . c ; seedless, 3 & 4Hc ; London layers,
1.20 1.25.
Coffee and Sugar.
NEW YORK, July 6. Coffee closed steady;
net unchanged to one point higher. Sales.
45O0 bags. Closing bids: July. 6.70c; Au
gust. 6.80c: September, 6.85c; October and
November. 6.80c; December, 6.85c; January,
,7c; February. 6-S8c; March. 6.90c; April,
6.92c;May. 6.94c; June, 6.95c. Mild coffee
quiet; Cordova, lO12VtC. Spot coffee quiet.
No. 7 Rio, Sic; Santos, No. 4, He.
Raw sugar, firm. Muscovado .89 test.
3.83c; centrifugal .96 test, 4.33c; . molasnes
sue&r .SO tests4;t.58c. Refined quiet; crushed,
5.8oc; granulated. 5.15c; powdered, 5.25c.
o
GOLD FROM LONDON
Imports Begin Sooner Than
Expected.
WALL STREET IS CHEERED
Xcws Causes a Violent Advance in
Stock Prices Arter a Decline at
the Opening General Net
Gains at the Close.
NEW YORK, July . There was a dispo
sition today in the financial district to turn
to the banking; and financial position for
explanation of the stock market's action.
The Increased prominence given to the sub
ject of the banking situation grew out of
the published expressions of some dis
tinguished banking authorities of the In
terior regarding the farm land speculation
and the consequences to be apprehended
from it. The subject Itself is not a new one,
nor is its importance - newly regarded by
the Xew York bankers, sine, it has been
dwelt on for months and with special stress
since the abstract of reports of National
banks under the Controller's call In March
became known, disclosing a loan expansion
in a 3-ear's time of $500,000,000.
This special stress on the subject has
kept alive a conviction that the original
position was In course of correction. That
correction Is not maintained by the Interior
banking authorities now quoted. There Is
complaint that the smaller banks are still
burdened with mortgages and with farmers'
paper, instead of the usual investments in
commercial paper which served as a sec
ondary reserve, while their balances in the
reserve banks are below normal.
Such a position indicates that the crop
movement requirements will have to be met
to a larger extent than usual by calling, on
the larger banking centers for accommo
dation. The intimation that the reports
now being sent to the Controller, but not
yet In shape for tabulation, will not show
the expected improvement in the credit posi
tion had a disturbing effect on sentiment and
was a large factor in the early crash of
prices today. Some stocks then fell below
last week's low levels, thus establishing
them at the lowest for the year.
The Importance attached to the prospec
tive money condition left speculative senti
ment ready to be easily Influenced Dy the
reports that gold had been e-;aged In Lon
don for shipment to Xew York. The violent
recovery In stocks . was the result. While
the recent course of foreign exchange rates
had presaged such a movement, today's en
gagements came sooner than was expected.
The effect was to stiffen the private dis
count rate in London and arouse some ques
tion whether the official bank rate would
be reduced tomorrow as was expected. It
is not believed, however, that any deter
mined obstacle will be opposed to the move
ment of old to Xew York.
The return on money is now considerably
lower In London than In Xew York, offer
ing an inducement to place London funds
In Xew York.
The merchandise export movement from
this country has shown Improvement and im
ports have fallen off. There have been pur
chases of securities in the Xew York stock
market for London account during the se
vere depression of the last few days, and
these have helped to weaken exchange
rates.
Th decline in wheat and corn helped
stocks, the strong rally in wheat on un
favorable weather predictions in the Spring
wheat region helping to unsettle the rally at
the last. The early severe declines were
more than recovered, however, and general
net gains were retained at their closing.
Bonds were irregular. Total sales, par
value. $2,071,000. United States bonds were
unchanged on call.
CLOSING STOCK QUOTATIONS.
Closing
Low. Hid.
Sales. High.
24 ! '
4. X
3.1
3,'.Kt
Allls Chalmers pf
Anial Copper .... 47, S K
Am Agricultural .. luo
Am Beet Suvrar .,
American Can .... 40
Am Car & Kdv .. 4, '-'
Am Cotton Oil 2UO
Am Htl & I.t pf .. 4'
Am Ice Securi .. 3X
Am Linseed Oil .. 4ipO
Am Locomotive .. l.tkK
Am Smelt, & Ref.. 18,X
do preferred
Am Steel Fdv 30 fil
Am Sugar Ref .. 2.WO 117
Am Tel & Tel li.OOO 132Vi
Am T-bacco pf
Am Woolen
Anaconda Min Co
Atchison
do preferred
Atl Coast Line ..
Bait & Ohio S.50O
Bethlehem Steel
Brook Rap Tran. 10.000
Canadian Pacific
Central Leather
do preferred
Central of X J
Ones. & Ohio . .
Chicago A Alton.. ..
Chicago Gt. West. 3O0
do preferred
Chicago & X W
C. M. & St. Paul
a. c. c. st. l. .
Colo Fuel & Iron
Colo & Southern..
Consolidated Gaa. .
Corn Products
Del & Hudson
D & R Grande ...
do preferred
Distillers' Securi..
Erie
do lt preferred.
do 2d preferred.
General Electric . .
Gt Xorthern pf
Gt Xorthern Ore . .
Illinois Central ...
Interborough Met.
do prererred ... i . . -o
Inter Harvester .. 1.3i
Inter-Marine pf .. loo
Int Paper .........
Iowa Central
K C Southern . . .
do preferred . . .
Laclede Gas
Louisville Sa Xash.
Minn & St Louis.
M St V & S S M.
5-)i
38
7-.i
4!l"i
5!
ao
23
4"
68 14
37
95'',
SUV,
108
107H
' 74ii"
187vi
31 ,
3O0 104
10, 200 'is'i
23 ii'
1.B0O
11.400
100
140
11SH
T4-T4
300 .32
200 54 li
O.IXK) 131 i,i
700 13,
400 15,
1,2H
BOO
1.T0O
2.700
30
70
2S
25 T4
j 40'
5m
500 12714
3.2O0 17T4
10
90O
.4O0
6.HOO
01 Vs
38
2lHi
1
47
58
20 !n
22
12
SH'i.
"soli
HVi
131 li
3fi"4
2
104
72tf
185 V.
30
104
70:i
139' "
115
74
54
129H
12'
155
2814
tvSlJ,
28
24
139
123
48
127
17
47i
2Vi
16
17
27 14
62
9714
2rt
12!)i
4T4
5tt
7O0
l.uoo
loo
2.200
3,100
300
400
Mo Kan & Texaa 6.500
do preferred . . . 100
Missouri Pacific .. 2,900
National Biscuit
National Lead . . . 2.300
Mex Nat Ry 2d pf 2uO
X Y Central 8.rVV 11214
N Y Ont & West. 40O 42
Xorfolk & West.. 40O 90
North American .. - l.ooo fi6
Xorthern Pacific .. 8.2O0 llnhi
Pacific MjII 700 24
Pennsvlvanla 36.500 128V.
People's Ga 600 104
P C C A. fit L... 9.400 94H
Pittsburg Coal ... 2M) 16Vi
Pressed Steel Car 300 31
Pullman Pal Car. 100 156
Ry Steel Spring.. 200
Reading 184. 000
Republic Steel ... 400
do preferred ... loo
Rock Inland Co .. 16.40O
do preferred l.fiM
St L & S F 2d pf 1.200
St L Southwestetm 4O0
do preferred . . . 300
Sloes-Sheffield loo
Southern Pacific. 41.9(0 115 I0914 112
Southern Railway. 3.100 22?s 21 22i
ao prererrea ... o-
Tenn Copper .... - 7O0 21
Tol. St L & West. 7C0 23
do preferred . . . 500 4 .
Union Pacific . . .127,500 159
do . preferred ... 200 89
IT S Realty 3oo 6T
IT S Rubber 2.5O0 3R4
TJ S Steel 23O.6O0 7oi
do preferred ... 3,400 1144
I tan uopper 2, 100 41
Va-Caro Chemical. 3O0
Wabash 800
do preferred ... 6.400
Western Md oo
Westinghouse Blec 1.3oO
Western Union . . . 80O
Wheel & I. Brie. . loo
Total sales for the day
BONDS.
NEY YORK, July G. Bonds closed as
follows:
V. S. ref 2s reg. 100'N. Y C gen 3Vs S7Vi
do coupon. .. .lona'Nor Pac. 3s 70
U.S. 3s reg lolVilNor Pac. 4s. lOO'i
30 U
143 1.
29 'i
91
304
75
41
29,
71
63
56i
17
35H
411-;
601.
61 '-j
3
15
2fl
62
(
138Vi
25
123
29
44
543.
"(iT4
27
111
41 H
9Vi
63
11514
23
126 14
104
4Vi
16
31
156
3H
138
2&ti
91 K,
2814
72
3914
2914
69 f
63
53
20
22
48
Ifl4--Ji
89
68
35
6714
113
40
54" 4
16
32
41
59
60
3
27 1.',
5i4s
38 Yi,
30
48
59
2914
23
11
39
67
100
51
117
131
92
25
37
95
89
106
107
. 23
73
I881.4
31
104
2S5
72
, 24
23 Vi
45 Va
14VV4
117
75
31
54
131
12
150
30
60
28
25
40
30
139 94
125
SO
128
17
49
93 V,
16
9
16
si
97
140
25
124
31
64
.55
102
68
27
112
42
97
66
118
24
128
104
84
1
31
155
3IV5
142
29'
90
30 '4
75
41H
29
70
63
54
20
22
48
158
89
8
36
69
114
40
55 V.
16
35
41
60
61
3
619.500 shares.
do. coupon KllVi
L'. S. new 4s reg.114
do. coupon. .. .lMVa
I. & R. G. 4S 9214
T'nion Pac. 4s. ..100
Wis. Cent. 4s.... 90Vi
Japanese 4a .... 89
closing bid, 2 per cent; offered at 2 per
cent.
Time loans firm; 60 days, 2t?3?4 per cent:
90 days, 3Vfe3 per cent; eix months. 4
5 per cent. Prime mercantile paper, 4g5 per
cent.
Sterling exchange steady at recovery with
actual busineaa in bankers' bills at $4.8360
4 SO for 60-day bills and at 4.S50 for de
mand. Commercial bills, f4.83&4.83.
Bar silver, 53 c.
Mexican dollars. 44c.
Bonds Government, steady; railroad, Irreg
ular. NEW YORK, July 6. New York exchange
15c discount.
SAN FRANCISCO. July 6 Sterling on
London, 60 days. 4.83; sight, $4.85.
Sliver bars, 52 c.
Mexican dollars, 45c.
Drafts Sight, par; telegraph, 3c. X
LONDON. July 6. Bar silver, uncertain,
24 15-16d per ounce.
Money, 1&1 per cent.
The rate of discount in the open market
for short bills is 1 per cent; for three
months' bill. 1 15-16S2 per cent.
Consols for money, 82 1-16; do for ac
count, 82.
SHORTS Hi A PANIC
STAMPEDE AT THE CLOSE
BOOSTS WHEAT PRICES.
Money, Exchange, Etc.
NFTW YORK, Julv 6. Money on call steady.
22 per cent; ruling rate, 2 per cent;
Buying Based on a False Rumor of
Export Sales of Wheat at
Winnipeg.
CHICAGO, July 6. In a stampede at the
close today, short sellers, excited by an un
founded rumor that sales of wheat for export
had been made at Winnipeg, bid up prices
here c to 2c above last night's figures.
Other grains made a straggling finish, corn
at e advance to &14c decline; oats, a
shade off to c gain. Last sales of hog pro
ducts showed losses of 714 to 27 c
A remarkable decrease in the world's avail
able supply of wheat upset the confidence of
the bears Just when the situation, except in
that particular, seemed all that could be
wished. Then came news of a squeeze in
the July option at Winnipeg and soon there
followed a report of export sales in that city.
Semt-panlc here ensued, prices responding in
stantly to franctic buying. The close was
.strong and not much below the top prices
reached. The only basis discoyere& however,
for the talk of exports led from the fact that
a single 'deafer at Winnipeg received today a
gratuitous request to cancel some old sales
at 3 to 5c below the Manitoba price be
fore the last 3-cent advance had been
scored on the far North opening. Rain in
the Northwest made a lower market early,
so much so in fact, that selling on the de
cline wa& overdone. September ranged from
1.00c with the close 1 to lc up at
f 1.02 1.03 c.
Corn went much the same general course
as wheat. High and low points for Septem
ber were respectively 6061c, and the
close at 61 c, a net gain of a shade. The
cash market finished firm, Xo. 2 yellow,
6161c
Oats weakened and reacted with the other
grains. September fluctuated between 3Sc
and 39 c, closing c up at the latter
level.
Provisions started strong and closed weak.
At the wind-up pork was down 15 to 174c;
lard. 7V4C, ana ribs 1214c to 27c.
The leading futures ranged as follows:
WHEAT.
I Open. High. Low. Close.
July 11.00 ?1.04 $1.00 tl.03
Sept 1.01 1.03 1.00 1.02
Dec 1.02V4 1.03 .101 1.03
May 1.05 1.07 1.05 1.07
CORN.
July 58 .59i4 .58 .59
Sept 61 .61 .60 .61
Dec 59 .60 .SS .0
May .61 .62 .60 .62
. OATS.
July 39 .4014 .39 .4014
Sept 3 .39 .3S .39
Dec 1.02 1.03 1.01 1.03
May 42 .43 .42 .43
MESS PORK.
July 24.75 24.75 24.00 24.35
Sept 22.40 22.42 22.15 23.20
LARD.
July 12.17 12.17 11.97 12.00
Sept 12.20 12.20 11.97 12.02
SHORT RIBS.
July 12.67 12.67 12.37 12.40
Sept 12.22 12.22 11.92 12.00
Grain statistics:
Total clearances of wheat and flour were
equal to 12ti,000 bushels. Primary receipts
were 350,000 bushels, compared with 224,
000 bushels the corresponding day a year
ago. The world's visible supply, as shown
by Bradstreet's. decreased 8.331,000 bushels.
Kstimated receipts for tomorrow: Wheat, 4
cars; corn. 163 cars; oats, 50 cars; hogs,
11,000 head.
Receipts. Shipments.
Flour, barrels 19,100 10,300
Wheat, bushels 4,800 - 20,400
Corn, bushels 345, 0OU 33.300
Oats, bushels 228.600 218.100
Rve. buehels 1.000
Barley, bushels S8.900 22,200
DROUTH IN - SPRING WHEAT RJSGION.
West of the Rocky Mountains Condition are
Nearly Normal.
WASHINGTON July 0. Too much rain in
the cotton-growing states. but ' generally
favorable weather in the corn and Winter
wheat states was the summary of the
weather for the week ending yesterday, as
published in the National weekly weather
report of the Department of Agriculturo
issued today. It says:
"Summarizing the weather of the week in
the several great agricultural districts. It
appears that over the corn and wheat
growing states the conditions were generally
favorable for both vegetable growth and
harvesting.
"In the Spring wheat region drouth still
continues in many parts.
"West of the Kocky Mountains conditions
were nearly normal, although there has gen
erally been much less rain than usual and
the dry farmers have suffered greatly in
Utah, Southern Idaho and In portions of
surrounding states."
Grain and Produce nt New York.
NEW YORK, July 6. Flour steady and
somewhat more active. Winter patents $4.55
5; Spring clears. $4.35tfi4.00. Receipts,
44.148 barrels; shipments. 3,695 barrels.
Wheat, spot firm. No. 2 red, $1.09c. I.
f., to arrive elevator; No. .1 Northern,
$1.27 f. o. b. to arrive. Wheat declined
during the morning under selling on reports
of showers in the Northwest, but rallied
sharply tn the afternoon on the big decrease
in world's stocks and further strength in the
Northwest, closing c net higher. July
closed at $1.10ii: Sept. $1.07: Dec
$1.09. Receipts, 53.900 bushels; shipments,
3000 bushels.
(Hops Dull.
Hides Easy.
Petroleum Quiet.
Wool Quiet.
Grain at San Francisco.
SAN FRANCISCO. July 6. Wheat firm;
barley steady.
Spot quotation: Wheat Shipping. $1.42
1.45 per cental.
Barley Feed, $11.01 per cental; brew
ing. $1.07 1.10 per cental.
Oatx Red. $1.15(81.30 per cental; white.
$1.45(S1.50 per cental: black, nominal
Call board sales'. Wheat No trading.
Barley December. 1.0314B; 1.04A.
Corn Large, yellow. $1.531.55 per cental.
Kuropean Grain -Markets.
LONDON. July 6. Cargoes firmer. Walla
Walla for shipment at 33s to 33s od. English
country markets partially Bd dearer; French
country markets steady.
LIVERPOOL. July 6. Wheat July closed 6s
9d: October. 6 10d; December, 6s lld.
Weather showery.
.Minneapolis Grain Market.
MINNEAPOLIS. July 6. Wheat July
closed $1.16: September. $1.10; December.
$1.08. Cash: No. 1 hard, $1.19; No. 1
Northern, $1.171.19; No. 2 Northern, $1.15
17; No. 3 Northern, $1.12g1.14.
Flax Closed $2.13.
Corn No. 8 yellow, 5656c.
Oats No. 2 white, 408-41c.
Ry! No. 2, 68Q-T2C
Duluth Flax Market.
DULUTH, July 6. Flax on track and to
arrive. $2.15: July. $2.15; September. $2.06;
October, $1.83.
Grain Markets of the Northwest.
TACOMA, July 6. Wheat Export: Blue
atem. 87c; club, "83c; milling, bluestem. 87c;
club. 82c Receipts: Wheat 6 cars, corn 4
cars.
SEATTLE. July . Milling quotations:
Bluestem, 85c; fortytold. 85c; club. 84c; red
Russian. 81c. Export wheat: Bluestem, 82c;
fortyfold 82c; club. 81e; Fife. 81c; red Rus
sian. 79c.
Yesterday's car receipts: Wheat 16 cars, oats
3 cars, barley 3 cars.
STATEMENT OF CONDITION OF
lumbermens
National Bank
At Close of Business June 30th, 1910
RESOURCES,
Loans and discounts s. $2,207,758 . 94
Overdrafts . : '. 9,038 . 84
U. S. Bonds secure circulation 250,000.00
Other bonds and premiums .T .. 203,044.53
Real Estate .- 800.00
Furniture and fixtures 27,000 00
Due from U. S. Treasurer $ 12,500.00
Cash and due from banks 977.463,20 989,96320
$376877603751
- LIABILITIES.
Capital $ 500,000.00
Surplus and undivided profits 45,073.11
lteserve for taxes s 3,000.00
Circulation 250,000.00
Dividends unpaid 7,575.00
Deposits 2.881,957.40
$3,687,605.51
DEPOSITS.
June 30, 1910 . $2. SSI ,957.40
June 30, 1909 1,857,710.07
Increase f 1,024,247.33
OWER
CATTLE ARE L
Market Suffers From Recent
Heavy Arrivals.
STEERS DOWN A QUARTER
Hogs Are Scarce and Strong and
Next Sheep to Come In Will
Probably Bring: Good
t rices.
Not a single head of livestock entered the
North Portland stock yards yesterday, a
condition that has not prevailed since the
railroad blockades of last "Winter. There
was a moderate amount of stock left over
from the preceding day, however, and the
cleaning up of this made & fairly active
market. The business was all in the cattle
line.
The best steers offered sold at $5 and
$5.23, though six loads of stuff that had
been contracted at $5.75 were delivered.
Cows moved at $X25 to $4.25. The top on
the best steers at the present time is placed
at $5.5U. The market is off a quarter from
last week as a result of the recent heavy
arrivals. The bulk of the receipts have
been poor grade and as a result the buyers
have been slow and Indifferent.
Hogs were nominally strong and un
changed. The sheep market was also nom
inal. The market closed easy and glutted
last week; but as the run this week has
been small, it is likely the next arrivals of
sheep will be disposed of on a very steady
market.
The sales at the yards yesterday were as
follows.;
Weight. Price
39 steers 117f $4.80
20 cows HM2 4.:i5
1 bull Iil0 4.00
ill steers contracted .1 17fl 5.73
27 steers contracted 1 17 5.75
3S steers contracted 1074 5.75
1.? steers contracted ...... ItMi.S 5-75
35 steers contracted ...... II 4 S.75
26 steers contracted ...... 11.S4 5.75
ly steers 1 15:t 5.25
32 steers HM2 5.23
lO steers 1020 5.00
15 steers lli:t 4.25
2 steers ................ H25 4.25
2 steers ................ 825 3.55
1 0 cows usa 3.55
19 cows ... 1053 4.25
10 cows 751 3.35
8 cows 1027 3-23
Prices quoted on the various classes of
stoflt at the yards yesterday were as fol
lows: Beef steers, cood to choice
California $ 3.23$ 5.50
Beef steers, good to choice
.Eastern Oregon and Valley. 4.73 . 5.25
Beef steers, fair to medium.. 4.00gf 4.50
Cows and heifers, good to
choice 4.25 4-50
Cows and heifers, fair to me
dium . 3.30(9 4.00
Bulls 3.00ftv 3.75
Stags :;.00f 4.00
Calves, light 5-00 0.05
Calves, heavy . 4.001) 5.2-T
Hogs, top U.Todn 10.10
Hoga, fair to medium 8.50&) 9.50
Sheep, best wethers 4.25 q 4.30
Sheep, fair to good, wethers ... 3.50 (0 3.75
Sheep, best ewes ... 3.75 Sa 4.00
Lambs, choice 3.50Si 5.73
Lambs, fair 4.50& 5.00
' Eastern Livestock Markets.
OMAHA. July 0. Cattle Receipts. 2700;
market steady to stronger. Native steers,
$5.50:8.25: cows and heifers. $:.7i0 tv 0.15 ;
Western steeys. $4 ctfti : cows and heifers. (3
ti'5; canners, $2.00Ca 3.50; stockers and feed
ers, $3 (6 5.75 ; calves, $3 0.25 ; bulls, stags
etc.. $2.23 5.25.
Hogs Receipts, 4900; market, 5c to 10c
higher. Heavy. $8.75 0 8.83; mixed, $8.80
SSneep Receipts. -5500; market, slow.
Yearlings. $5fi5.30; wethers, $3-4.10; ewes.
$3.73(S4.23; lambs. $7&7.23.
Xew York Cotton Market.
XEW YORK. July 6. Cotton Spot closed
quiet. 10 points lower. Mid-uplands, 15.33; mid
gulf. 15. 60. Sales, 170O bale.
Futures closed barely steady; 10 to 7 points
lower. July, 15. 26; August. 14.00; September,
13.20; October. 12.65; November. 12.51; Ue-
Better Than Bonds
SAFER THAN THE STRONGEST
BANK.
An Investment Yielding 8 Per Cent
Net Per Annum No Taxes, No.
Risk No Fees or Dednc
' tions of Any Kind.
This is not a get-rich-qulck proposi
tion, but a legitimate, thoroughly safe
guarded investment opportunity that
will commend itself particularly to in
vestors of trust funds, savings accounts,
and to persons who desire regular re
turns semi-annually upon money in
large or small amounts.
200 -invested this way will yield
$8 every 6 months.
J1000 invested this way will yield
J40 every S months.
$5000 invested this way will yield
J200 every 6 months.
These securities may also be pur
chased on the installment plan, not
less than one-tenth payable in cash
and balance in fifteen monthly pay
ments. ,
Here's an opportunity for small as
well as large investors. It will bear
closest investigation. There are, how
ever, not more than J70.000 of these
securities to be had, and less than
$60,000 of another kind which will not
yield quite so much.
For' further particulars apply to
Theodore Hardee, Treasurer, Suite "G,"
second floor, Washington street, cor
ner of Park (Eighth street. Entrance
to building 351 Washington. . or 108
Park street. Telephone Private Ex
change 23.
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital - - - $1,000,000.00
Surplus and Profits, $725,000.00
OFFICERS:
. C. AIXSWOItTH, President. n. XV. SCHMEER, Cashier.
R. LEI BAR.ES, Vice-President.
A. SI, WRIGHT, Assistant Cashier. V. A. HOLT, Assistant Cashier.
LETTERS OF CREDIT AND TRAVELERS'
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on all FOREIGN COUNTRIES
First National Bank
Capital $1,500,000
Surplus 750,000
Oldest National Bank West of the
' . Rocky Mountains
cpmber. 12.46: January. 12.43; February,
1L'.43; March, 12.47.
New York Dairy Market.
NEW YORK. Jul- 8. Butter Steady; state
dairy finest. Ztra'JOc; do common to prime,
.'!'fi27c; process aecond to specials. -SJaS
Cheesie and egfir Steady, unchanged.
For strength, wearing prop
erties and all other require
ments that go to make up an
ideal pavement
I
c
Holds the
PRIZE
PORTLAND,
IKATTLE, SPOKASE,
TACOMA.
Downing-Hopkins Co.
BROKERS
Eatabllaked 1S8X
Stocks, Private
Grain. Wlrea
S01-2-3-4 Conck Bids.
NEAH-KAHNIE MOUNTAIN
"HIGH CLA55 BEACH PROPERTY"
Surf bathing:, boat In if, driving,
trout fishing, shooting, mountain
cliinbin-r. uil combined in the one.
J.W.FERCUSOM Jff.fiEP.OWNER
209-fOr BOARD Or TRADE BLDG.
THAV'ELEBS' ilIDK.
ALASKA
AND BACK
Including: Berth and Meals
SUMMER EXCURSIONS
via Smooth "Inside Passage"
Twelve delightful excursions from Seattle to
ALASKA and back cheaper than
staying at home.
Don't umit until mtmammrm arm otf oaf
Writ quick far detail and rmmmrvationm
Pacific Coast Steamship Co.
249 Washlneton St. PORTLAND
TRAVELERS' GUIDg.
$110
HONOLULU
And I Sack (1'lrt.t CUih).
3!4 buys from S. h
The splenaid twin screw steamer SIERRA
(10.0UO tons displacement; nail July au,
Aug. and every days. Round trip tick
ets eood Tor four monthi Honolulu, the
most attractive spot on entire world tour.
BOOK NOW and secure b-iat bertha.
LINE TO TAHITI AJVD NEW ZliALAND
S. S. Mariposa and Union Line, sailings
Auk 6. Sept. 11. etc. Tahiti and back
ca), $125 ft rut class. New- Zealand ( Wel
lington ). 92 46.25 nrst class. H. T. six
months,
OCEANIC 8. S. CO..
71 -Market Street. San Krancisco.
Canadian Pacific
Less Than Four Days at S2i
Weekly Sailing Between Montr 3 1
Quebec and Liverpool.
Two days on the beautiful St- Lawrence
River and the saortest ocean route to iu
roD. Nothing; better oa the Atlantic thaa our '
Empressta. Wireless on all steamers.
Irst-closss U0, second 951.25. one cUs
cabin 47.60.
Aalc any ticket agent, or write for can
ine, rates and booklet. F. R. Jobusun. Oea
crai Agent. 143 Autrd st.. Jortlaoa. Or.
COLUMBIARIVER SCENERY
Fast Excursion Steamor
CHAS. K. SPENCER
Leaves dally except Wednesday, H A.
for lioud River and -nay landing and re.
turn leave Hood Klver, 2:0 P. il. ; arrivi
Portland 8 P. M.
bUSl)i EXCURSIONS.
Leaves U A. M.; return.;. 5:30 P. 1C
First-clb.a Meals Served..
Fare, Ona Dollar Round Trip.
Up-town Office, ea 0th St.
Pounes Marshall 1979, A 1293.
Landing and Offl-e. Foot Washington St.
Phones Main 8619, A 24G3.
Lowest Hates to Picnic Parties.
E. W. BPENCER. OWNER.
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 at., near Alder.
MARTIN J. HIGLEY, Iuni(rr Asrent,
W. If. SI.ISSEH, Frelebt A Kent.
Fbohm M. 1314, A 1:1 14.
SAX FBAXCISCO & PORTLAND 8S. CO.
New service to Los Angeles, via San Fran
cisco, every five days.
From Ainsworth Dock. Portland. OA M. :
SS Htr, July 7; Row 'lty, 12 Beaver, 17.
From San Francisco for Portland. 1 M.:
88 ItoHe City, July Beaver, 10; Bear, 15.
From San Pedro:
SS Beaver, July 8; Bear, 13; Knoe City, 18.
11. . Smitll, C. T. A., 148 Third M.
J. W. Hansom. Agent, Ainsworth loc-k.
Phones Main 208; A HOJ.
COOS BAY LINE
-DAY SERVICE.
Steamer Breakwater leaves Portland; 9 A.
M.. July 3. 8. 13. 1ST 23. 2S. Aug. X 7. U.
14. 19. 24, 2U and every five days, from
Ainsworth Dock, for North Bend, Marsh
field and Coos .Bay points. Freight received
until 5 P. M. daily. Passenger faro, rlrst
class, Ilo; second-class, $7. including berth
and meals. Inquire City Ticket Office. 3d
and Washington ets.. or Ainsworth Dock.
Main 2BS.
SEASICKNESS
Will be prevented and relieved by using
lOMQt'G JUL 1)E MER, a sate and relia
ble remedy. Take a bottle with you and in
sure yourself all pleasures of aa oceaa voy
age. Sold by leading druggists. Prloe
cents, or mailed, postpaid, by
NEPTUNE REMEDY CO,
Sole Manufacturers,
Phone Main XiU7; A bilZ. Portland. Or.