THIS MUKM.U UKEUOLlX, THURSDAY, JUJLX 28, 1910. 19 ABOVE EXPORT BASE Scarcity of Wheat Sends Prices High. DOLLAR PAID FOR GRAIN A$ Soon as New Crop Eegins to Move Freely Market Will Have to Bo Adjusted to Foreign Values. The wheat market is again on the dollar bull, but that It will not stay there long; seems to bo a pretty evident fact. At the present time there is a shortage of wheat on the market and an urgent demand for some moderate-sized lots has forced prices up. The demand is not of large proportions and as soon as the new crop begins to move It is clear that prices wilt be adjusted to the actual market value, which will be the export price of wheat. The export , value of bluestem yesterday was 90 cents, which was 10 cents leva than was being paid for spot wheai. Another lot of new-crop bluestem was sold at Walla Walla, the price being 90& cents f. o. b.. which Is equivalent to 99 cents here. It was a local proposition there, how ever. There were only 160 bushels in the lot, which was shipped to a Waitsburg mill. Borne small lots of old bluestem were taken up yeetcrday by local dealers at $1- These prices are regarded by grain men as abnormally high and due solely to the scarcity at the present moment. As soon as new wheat begins to move freely the buy ing will have to be on the basis of the for eign markets, and there Is every reason to believe the movement will be of unusually large volume. Within the next 60 days a large amount of wheat will be sold in the Northwest. The banks. It is said, are not going to allow the farmer to borrow in or der to hold their wheat and speculate on it, and for this reason the warehouses will not be in & position to advance funds to the farmers. A. big business has been done in the past season by the implement-houses, and they, too, will, no doubt, bring pres sure on the growers. So, taken altogether. It is safe to say there will be some heavy selling In the next two months, and that prices will be on a strictly market basis. The feeling was not so firm either In the locul market or in the country yesterday as on Tuesday. No frefh offers foY new-crop Muestem were reported. Buyers were offer ing 73 cents for new club in the Walla Wad la country. The first car of 1910 wheat To reach Port land was received ly Balfour, Guthrie & Co. from Mikkalo, Oil Ham County. Local receipts, in cars, were reported yes terday by the Merchants' Exchange as fol lows; Wheat Barley Flour Oats Hay Monday 11 .... 10 17 Tuencliiy T.I -2 tf 1 4 Wednesday 31 1 tt Year agf 1 2 .... :j 5 Sea-son to date. .21'J !! L03 4-4 135 Year ago 4m.i H5 4t 73 HOP BL'YIXO IS AGAIN ACTIVE. About 1200 Bales of 1909s Bought by Oregon Oeulers. The unfavorable hop crop reports that have been coming from Kurope have been responsible for an active buying movement in the hop market In the past few days. Since lust Saturday, about 1200 bales of last year's crop have changed hands. The buy ing has been for Kastcrn account. William Brown & Co. are reported to have purchased Hut) bales, the J. W. Seavty Hop Company iioo bales from growers and ISO bales from dealers, and A. J. Ray & Son 153 bales from growers. These are all 1909 Oregon hops and the prices paid were said to range from 8 to 12 cents. McNeff Bros., in the same period, bought yt3 bales of "Yaktrras; also a carload of West Side Ore gons and 65 bales of Eugene hops. . There is also a considerable demand for contracts. Catlin & linn are reported to have bought UOO bales at Sheridan at 13 y cents. Thirteen cents was being freely of fered yesterday, but sellers- were reserved. A CaliTornla wire said dealers of that state were again in the market for 1909s. The trength of the foreign market was shown by the sale of a carldad of 1907 Ore gnns in London at a price equivalent to 11 cents here. The long dry spell fs beginning to have an effect on the growing Oregon crop. A month ago the crop was estimated at about 110.000 bales, but In the past few days wagers have been made that it will not exceed 93.0m bales. riCACII KKC EIPTS r KOM THE OALLKS. Apricots Arrive From Wenatchee in Poor Condition. The fruit market was heavily stocked with Dalles peaches, which sold alow at 40 to 05 cents a box. A car of Wenatchee apri cots arrived, but they were not in very good condition. The best were offered at Jl1jt.25 per crate. New apples were plentiful and sold all the way from 50 cents to $1.50 per box. recording to quality. The cantaloupe market was well supplied and weak and the same can be said of watermelons. Among the other arrivals were a straight car of California Elberta peaches, a mixed car of California peaches and tomatoes and a car of Walla Walla onions. 1 Poultry Mnrket Still Weak. Tlie poultry market is still weak under heavy arrivals and a backward demand. Hens and Springs were offered yesterday at lrts cents and the indications are that Sprirgs will sell even lower than hens in the near future. Eggs were steady and unchanged, with light receipts of Oregon. The butter market was firm at last quo tations. Metal Market. NEW YORK. July 'J 7. Standard copper, firm. Spot itnd July. 11.75c bid; August and September. J1.75i 1 2c: October, ll.soj 2c, London, firm. .Spot. 10s and futures 5S "s 9d. Arrivals reported at .evr York 550 tons. Custom-house roturns showed exports of S3 tons, mukins 19.fitiO so far this month Local dealers reported a strong market for copper and say that sellers are offering less freely, following the recent larger busi ness, although no quotable changes have occurred In pi 'es. Lake. 1 2.62 H f 12.S7 -c; electrolytic. 12.3 . t l.'.oOc: casting. 12.1 14 I5.25e. x Tin. irregular. Sp. and July. 32.60 t 33.25c; August. 32.40ifi 32.65c; September. 3?.rQi 32.7ic; October. 32.S2 4? 32.75c. Lon don tlnn. Spot. 119 3s: futures. 150 7s 6d. Lead. easy. Spot. 4. 25 wr 4.45c New York and 4.201 4. ;t2c East St. Louis. London spot. 12 Ss SM. spelter, dull. o.. 0 $ S.fiOc New York and 4. !.! 5.0.c Last St. Louis. London spot, 22 12s Sd. Iron. Cleveland warrants. 4Ss ?ud in London. Locally iron was ctuiet. No. 1 foundry Northern. $ 1 6.50 f(i 6. 75 ; No. 2 $18 l southern. $ 1 1. 25 16, 75 ; No. 1 Miuinfrn sort, itsi 16.25. Dried Fruit at New York. NEW YORK. July 17. Evaporated annles. quiet: steady on spot. Fancy, quoted at ltf'-ril'-c: choice. 8S&9hc; prime, 7Hff fic : common to fair. 6 It 7c. Prunes, quiet. Quotations ranging from 3i3Vc ror t'aurornias up to 3Q-40s and 4 V t 9 o for Oregons. Apricots, quiet but firm. Choice. 9 ? i s; extra cnoice. io'j g we; fancy. 10 V 4j1i',c. Peaches, quiet, steady. Choice. Stc; extra choice. 7o 7 U c; fancy. 7 i ft 7 Sc. Ratslns. quiet, but stocks are small and prices firmly held. Loose muscatels, 3ti 3c; , choice to fancy seeded. 4 Q(c; seedless, 33i 4 lie; London layers. $ 1.20 9 1.23. Grain and Produce at New York. NEW YORK. July 27. Flour, steady. Re ceipts 21.235; shipments, 43::". Wheat Spot steady. New No. 2 red, $1.03 elevator to arrive c. i. f. and JlJtSV f o. b. afloat. No. 1 Northern. $1.31 H t. o. b. There was an easier -feeling in wheat most of the day under selling on the weak, cables and further pressure of cash wheat, but rallied later on bullish crop estimates for North Dakota and covering by shorts, closing .c net lower. September closed $l.9i ; December, $1.12 . Receipts, 55, 200. Hops Dull. Hides and wool Quiet. Petroleum Steady. Coffee and Sugar. NEW YORK, July 27. Coffee closed steady . at a net decline of 1 to 5 nnlnts. Kales. 26.000 bags. Closing bids: July, 6.85c; Au gust, 6.7ftc; September, 6.75c;,, October, 6.S0c; November,- 6.85c; December, 6.Hc; January, 6.0c; February, 6.00c; March. 7.05c; April. 7.07c ; May. 7.ac ; June, 7.0 9c. Spot coffee steady. Rio No. 4. 7 c ; Santos No. 4. &9c. .Mild, quiet. Cordova, ldiglOc. Sugar Raw, firm. Muscovado, .89 test, S.fcttc ; centrifugal. .98 test, 4. 3 tic; molasses sugar. .89 test, 3.61c. Refined, steady. Crushed, 5.85c; granulated, 5.15c; powdered, 5.20c. Bank. Clearings. Bank clearings of the Northwestern cities yesterday were follows: v Clearings. Balances. Portland $1.4S,87S $132,122 Seattle 1,;.78.244 1S7,0S Tacoma 97.".37-t (.S.rtWT Spokane 6.SU,5i3 95,023 PO RT LAN MARKETS. Grain, Flour. Feed. Eta. WHEAT Bluestem. 99cl; club, 90c; red Russian, SSc; Valley, 90c FLOUR Patents, $5.35 per barrel; straights. $4.3054.95; export. $4; Valley, $5.40; graham, $5; whole wheat, quarters, $5.20. BARLEY Feed and brewing. $24.50 per ton. HAY" Track prices: Timothy. Willamette Valley, 18 19c per ton: Eastern. Oregon, 20&22c; alfalfa, new. $1314. CORN Whole. $32; cracked. $33 per ton, M1LLSTUFFS Bran, 20 per ton; mid- dl in cs. $30 ; short $21 Q 22; rolled barley, $23i26. . OATS No. 1 white, $29fg30 per ton. Dairy and Country Produce-. BUTTER City creamery. extras, 33c; fancy outside creamery. 31 33c per pound; store, 23c; butter fat. o3c EGGS Oregon candled, 2627c per dozen. CHEESE Full cream, twins. 17 c per pound; Young America. 18c. ' POULTRY 'Hens. Uic; Springs, lSVsC. ducks, 13e; geese, 101 11c ; turkeys, live, IS ii 2c; dressed, 22 Va (& 23c; squabs, $3 per dozen. PORK Fancy. 12(g"13o per pound. VEAL Fancy, 12(12c per pound. Groceries, Dried Fruits, Etc. DRIED FRUIT Apples, 10c per pound; peaches, 7c; prunes, Italians. 4 5c; prunes, French. 4 6c ; currants. lOc; apricots. 13c; dates, 7c per pound; figs, fancy white, 6a; fancy black, 7c; choice black, 5c SALMON Columbia River. 1-pound tall. $2 per dozen; 2-pound talis. $2.95: 1-pound-flats, $2.10; Alaska pink, l-pound talis. 90c; red, 1-pound tails, $1.45; sockeye. 1-pound tails, $2. COFFEE Mocha, 24 2Sc; Java, ordinary, 17 2uc ; Costa Rica, fancy, 18 20c ; good. 16 tig) 1 Sc. ordinary. 13 (Q 16c per pound. NUTS Walnuts, 13c per pound; Brazil nuts. 13 4i & 15c; filberts. 16c; almonds. 17o; pecans, lac; cocoanuta, 90c$l per doien. SALT Granulated. $15 per ton; hale ground. 100s, $10.5O per ton; 60s. $11 per ton. BEANS Small white, 5c; large white. 6 c ; Lima, 5 o; pink. 7c red Mexicans, 7 He; bayou, 7 c RICE No. 1 Japan, 4c; cheaper grades, $3.60e4.55c; Southern head. 64; 7c HONE Y Choice. $3. 25 $3. 50 per case ; strained. 7c per pound. SUGAR Dry granulated, fruit and berry. $0.23; beet. $0.05: extra C $3.75; golden C $5.63; yellow D, $3.65;' cubes .barrels), $5.05; powdered. $0.50; Domino, J 10.40 $16. 90 per case. Terms on remittances with in 15 days deduct c per pound, if later than 15 and within 30 days, deduct 40 per pound. Maple sugar, 15ilSc per pound. Vegetables and Fruits. GREEN FRUITS Apples, new. 50c 6 $1.50 per box; apricots. 50c & $1.23 per box; plums, one fa $1.25 per box; pears, $2.25 per box; peaches, 40c $1.25 per box; grapes, $1.5V a. 30. BERRIES Blackberries, $1.40 1.50 per box. MELONS Watermelons, 73c ? $1.25 per hupndred; cantaloupes, $1.50&3 per crate. 1KOP1CAL FRUITS Oranges. $4(4.30; lemons, $7S; grapefruit, $3.53.50 per box ; bananas, 5 fee per pound ; pineapples. 6c per pound. VEGETABLES Artichokes. C073c per dozen; beans, 35c per pound; cabbage. 24 per pound ; cauliflower, $1.50 per doz. ; celery, SOc per dozen; corn, 4a (y) 75c per dozen ; cucumbers, 50c per box; egg plant. Is Y c per pound ; hothouse lettuce, 50c 4 $1 per box; garlic, S0lOc per pound; horaerad- isn, iyc per pound; green onions, 15c per dozen: peas, .5c; peppers. 10 12 Mi c per pound ; radishes, 15 20c per dozen ; rhu barb. 2c per pound; squash, 60c per crate; tomatoes. $1.25 per box. SACK VEGETABLES Carrots. $191.23; beets, $1.50; parsnips, $1&L25; turnps. $L ruiATOKS New, l &. lc per pound; sweet potatoes, I5i'ri7 per pound. uii.-s& w ana wana, z.5U per sack. Provisions." . HAMS 10 to 12. pounds, 22c: 12 to 14 pounds. 21 He; 14 to 10 pounds, 2lu; 18 to u pounds, none; skinned. 22c; picnics, 13c; cottage roll, 18 BACON Fancy, 30c; standard. 29 Vic: choice. 2SHc; English. 23Vx25ViC bMOKKU - MisiATa iieef tongues, 75c; dried beef sets, 2ic; euLsides. 20c; lnsiaes. 3c ; knuckles, 22c. DRY SALT CURED Regular short clears. dry salt, ltifec; smoked, lbc; backs, light, salt, ItSVtc; smoked, lic; backs, heavy, salt. ltic; smoKed, 17 He; export be Hie, salt, 17c; smoked. lS-jC PICKLED GOODS Barrels, pigs feet. $16; regular tripe, $10; honeycomb tripe. $12; lunch tongues, $22; lambs' tongues, $40. LAKD Tens; Kettle rendered, 16. c: standard pure, I54c; choice, 14c; shorten ing, llic Oils. LINSEED OIL Pure raw in barrels, $1.01; kettle boiled, in barrels, $1.03; raw, in cases. $1.00; kottle boiled, in cases, $1.06. Lots of 5U gallons, 1 cent less ter gallon. TUliPK.N TINE In cased. &2c; in wood barrels. 7UVc. COAL Oil- Water white in drums. Iron white in drums or iron barrels. 14c; union kerosene in cases, ;-6s. z&c: oleum kero sene in cases 2-os. 21c; Aurora kerosene In cases, z-os. Sic GASOLINE Union gasoline in bulk, 18e; union gasoline in cases, 2-5s, 25c; union motor spirit in bulk, 18c; union motor spirit in cases, 2-5s. 25c; No. l engine dis tillate in iron drums, sfec; No. l engine distillate in cases 3t-5s, 15 c. V.. M. 4s p. naphtha in iron drums or barrels. 15c; V., M. & P. naphtha in cases. z-5s, 22c. BENZINE Union benzine in iron drums or barrels, 15c ; union benzine in cases, -&s. 2-c; union stove distillate in iron drums. 7c. Hops, Wool. Hides, fcto. HOPS HKo crop. s-i 12c; according to qi:alti v ; olds, nominal ; ivlu contracts, 13 tg 13sc. WOOL Eastern Oregon, 13 17c pound ; Valley, 13 ISc per pound. ' MOHAIK Choice. 32&33c per pound. CASCAKA BARK 40 per pound. HIDES Salted hides. 77c per pound; salted calf, 13c; salted kip. So; salted stags, ic; green hides, lc less; dry hides. 16 H & 17c; dry calf. 17lStc; dry stags, 11Q12C PELTS Dry. lOfec; salted. butchers take-orf. $1.15 1.4u; Spring lambs. 25430, GRAIN BAGS In carlots. Sc each. Furs. FURS Prices paid for prime No. 1 skins: Mink. Northwest Canada and Alaska, $4 10; Colorado, Wyoming. Montana, Idaho and California, $5fe 7.50; British Columbia and Alaska Coast, $$4 10; Oregon. Washington. Idaho and Montaua. $7. Lynx, Alaska and British Columbia. $35; Pacific Coast, $2. Raccoon, fll.aO. Skunk. Canada, $2.50; Pacific Coast. $l-y2. Wolf and coyote. Can ada. $3'i? 0 ; Idaho, Montana. Wyoming. Ne vada, $1.50V3. Beaver. Oregon. Washing ton. Canada. Alaska, $5,503 7 ; Idaho. Mon tana, $ lO : U ta.n. W y omln g, $ 6. 50 & 7 ; e u bs, 32&2.50. Otter, Canada, Alaska, $12.5014; Oregon, Washington, Alaska. Canada, Brit ish Columbia, $3&4.50; pacific Coast, $1.75 2.50. Gray fox. Pacific Coast. $1.50&2. Bear, black and brown. Alaska, Canada. $18 tp20; cubs. 11215; Pacific Coast. S10M5; cubs. $12 IS; Pacific Coast. $10 15; cubs. $5w7; grizzly, perfect, $25s35. Badger. $2. Muskrat, Canada, Alaska, 30c; Pacific Coast, 30 ttcc Fisher, British Columbia, Alaska. $1520; Pacific Coast, y15. Wolverine. $6ds. Silver fox, $300&-50u. fox. 40c. Ermine. 60c. Mountain lion, $5 Cross fox. $10j:l5. Sea otter. $2O0(450l Bluw fox. $SfelU. White fox,512&20. Swift lO. Ringtail cat, 251? 75c Civet cat. 10& SOc House cat, 5ti 25f STOCKPRIGESJUMP Market Advances by Leaps and Bounds. DEMAND FROM ALLSOURCES Liquidation of Tuesday Local in Character Large Outstanding Short Interest London Buy- ing on a Large- Scale. NEW YORK, July 27. The action of the stock market underwent a violent reversal with prices advancing by leaps and bounds wnere, yesterday, they were breaking with out sign of resistance. Speculative senti ment underwent a corresponding transfor mation, but with the usual confusion be tween cause and effect. The extensive liquidation accomplished yesterday afforded great relief in itself and to this was added, according to current rumor, some important private settlements by which embarrassed accounts were taken over and the necessity thus avoided of continuing the sacrifice of securities in a' market in which the demand had become well nigh paralyzed. The brighter feeling due to these re ports was enhanced by a clearer perception of the local nature of the acote trouble which was forcing liquidation. In place of the supposed widespread sources of the selling based on general discouragement with the situation of trade - and money markets, there emerged the conviction that a con fined area represented the limits of the trouble. A renewed slump In Rock Island preferred to 54 early in the day was ac cepted as one index of the sburce of the difficulty. Many rumors became current of the shift ing of large, newly-acquired holdings of various railroad stocks, reaching out from the Eastern anthracite and trunk line field into Western and Southwestern connections in the pursuance of an ambitious project of extension and merging. In addition to this source of weakness it was surmised that over-extension in the high capitalization of various new copper properties, small Indi vidually, was in process of correction. So severe a decline as has been witnessed in the last ten days is accompanied in evitably by a large expansion of the short interest In a market. Usually nothing checks this short selling but an actual turn in the price movement itself. With that affected, the demand becomes urgent. Such was the case today, the demand from un covered shorts making up & substantial part of the large demand and the upbidding of prices. Testimony was offered by some of the commission-houses of a material growth of investment demand, as well, attracted by the low level to which prices had fallen and the inviting rate of return afforded In consequence by dividend payments. London Joined actively in the day's buy ing on a sufficient scale to affect the for eign exchange market. Subsidence of the forced liquidation relieved that market of apprehensions In connection with the stock market settlement in progress. An example of the reversal of specula tive form was found in the preference shown for the item of earnings in the I'nited States Steel quarterly report over that of the unfilled tonnage on hand in the selection for a topic for discussion. The increase In the earnings over anticipations was pointed out as matter for encourage ment, while little attention was paid to the excess over the estimate of the decrease in unfilled orders on hand. Expressions of confidence emanating from the. Steel directors' meeting and the opin ion on the quarterly report in the Iron Age served to stimulate a more hopeful feel ing. There was a repetition also of the report of agreement to reduce production by the principal copper producers and an advance In the price of that metal. The wild advance in the cotton market failed to destroy the increased interest manifest in the stock market. The haz ardous state of a part of the corn crop also lost its influence for the time being. Bonds were stronger. Total sales, par value. $9S0,O00. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. AllLs Chalmers pf A mal Copper 4,2C0 Am Agricultural Sen High. Low. Bid. 'tiki 'tilij 59 38 JioVa 3o4 27 L'3 M, 2 -A 7Vi 7 43 41l 42 04 "i 53 64 23 ij. 22 i 21'54 ISri 17 V IS 11 10 Vs lWi 33S .3H 33 .rVi 63 65 95! Ull'.i 69 40 3D 39 117 115 116 131 12Vi 13( 82 i2 91 24 ' 37 Vj 34 36i 3'.a 4 BSVj, K 7 KB 103 l:5i 1(7 1001 K6Ti 73 72 73 124 17'i 181 2!) 27 28 Mi 100 fi?4 10054 "!" 6S34 6 6?i 6S:ig 25 2'4 lVa 19'4 41Vj . 40Lj 4lt, 139 139 139 V 119 1164 HSv'i 70 7 75 2514 24 24 V4 47S, 47", 51 12i 124 1254 13 1i 13 153',4 15014 152; 25 24Vj 254 5 fi4 64 26 H 2814 26 21 21 21 U, 36 35 35 i 27 2U 26'i 13ft 135 137 12254 H9S 121tj 51 4WH 5 127.j 124i 121 V, l."74 15 15V4 45 42'i 44 8i 87 14'. 14 14 9 9 391 35) 1"T 13 '.4 15 '4 23 V, 24 25 50 &S14 591t 9R'4 ftSV, 95; 1K3S 1314s 1S3V4 24 'i 24l4 25 11714 ii8v; 11714 29 2SVi 29lJ 5S 57 5S 49V1 43 47 1(12 101 14 101 4R14 47'4 47'4 24 23 '4 2314 10S"A lfi-s 10S 14 41 V4 4rt 41 93 no 924 6.Mi R314, 65 ' 1184 1131- lisv; 22"), 22 2214 12614 124 1254 1041, 103 1041,4 IM DO 8fl 1414 14V, 14 2S14 28 V 28 14 I581.V 1.V.14 J.V. 2SI4 2S 2SV4 134 Vi 132 134-4 29i4 2S 2814 87 84- 8J4 26Vi 2314 25 82 54 5Si .TS4 3814 37 " 21 194 21 i 5 52 M 14 5314 51 5314 1074 105 llifiT, 19 Kll.4 30 47 5 21 21 2014 2t 2214 234 21 20 1914 42 157 153 158 89 Ui SS'i 89 6-14 844 fi 30i , 28 30 5 63 8514, II414 1124 1134 43 40 42i4 57 58 584 14Vi 13 14 314 294 31 41 4014 41 54 S3 53 58 5714 58 5 4 414 Am Beet buga .. ion American Can Am Car & Fdy .. Am Cotton Oil . . Am Hd & Lt pf.. Am Ice Securi Am Linseed Oil. . Am Locomotive . . 1.70O 400 2.10O 1.000 4.50O Am Smelt & Ret. 19.700 do preferred ... 0O Am Steel Fdy ... 1,400 Am Sugar Ref ... 1,000 Am Tel & Tel .... 5,7oO Am Tobacco pf 200 Am Woolen - Anaconda Mln Jb. Atchison do preferred Atl Coast Line .. Bait & Ohio Bethlehem Steel . Brouk Rap Tran. Canadian Pscific . Central Leather . do preferred , . Central of N J.... Ches & Ohio . . . Chicago & Alton . Chicago t& Alton. 500 33.4t4 SOU 3.0U0 1,500 loo , 12.30 3.2 , . 4.4UO 800 . 15700 . 15,700 Chicago Gt West. do preferred . . . Chicago & N W ... C, M & St Paul .. 1.O0O 500 GOO 16,200 l'KJ 700 loo 8.4(rt 1.700 1.4O0 3.700 1.2 UK 7.4O0 l..Vi 1.200 1 3 10.S0O 1,800 70 C, C, C & St L ... Colo Fuel & Iron. Colo & Southern .. Consolidated Gas.. Corn Products . . . Del & Hudson .. D & R Grande . -. do preferred . . . Distillers Securi . . Erie do 1st preferred. do 2d preferred. General Electric . . Gt Northern pf ... Gt Northern Ore .. Illinois Central Interbnrou-Rb Met.. do preferred Inter H-arvester . . Inter-Marine pf Int Paper 6,iO 1,000 2 AO 200 Int Pump : 4X Iowa Central 7H K C Southern .... 2,500 do preferred ... 700 I-aclede Gas S.00O Iuisville &. Nash Mlr.n & St Louis. M. St P & S S M. 200 1.3i (0 Mo. Kan A: Texas 3,"t do preferred ... 4 Miswurl Pacific .. 32.1V National Biscuit .. 20 National Lead . . . l.JiOO Mex Nat Ry 2d pf 3n N Y Central ...... N Y. Ont & Went. Norfolk & West. North American . . Northern Pacific .. Pacific Mail Pennsylvania People's Gas P. C C & St L... Plttftbnrg Coal J.7"0 1.8(V 4tfM 0 10.4r,t TOO l.SOO 1 0OO 1.100 .too 3O0 3M Preetaed1 Steel Car. Pullman Pal Car." Ry Steel Spring. Readinc Republic Stet-1 do preferred Rack Inland Co .155.1(Wt . 1.7O0 50O 3.7 do preferred ... 13.HM St T, & S V 2d Pf Koo St L Southwestern 7oO do- preferred L . fV0 Skisp-ShefliM l.lOft Southern Pacific .. 37.(V Southern Railway. 2.90 do preferred -. . 4-v Tenn Copper . 2 Texas & Pacific. . 1.00A Tol. St L A West. 5o0 d- preferred Union Pacific do preferred V S Realty ... IT S Rubber ... TJ S Steel 113. o" rrft .-- 1.nv 24S.3CO do preferred - ... Utah Copper Va-C'm Chemical. "Wabash do preferred Western Md Westlnghouse Eiec Western Union ... Wheel & L Erie.. 4.1oo 2..VK 2.30O 3.1f 1.4V arm 2l0 Total lea for the day. 953.400 shares. BONDS. NEW YORK. July 27- "loslns quotations: XT. P. rof. 2s res.inoinjx. T--C. ?n 3hB ST do coupon . . .1H.'Xo. Pacific ."is... e;u, U. P- T.s reir. . . . .TOl No. pacific 4a... B! do coupon . . . . 11 l"nion Pacific 4s.!tfrt U. P- new 4s rcf.lUV Kfa. Central 4s.tnR do coupon . . .1 14 Japanese 4s ... syB D. & R. G. 4. P2SBi Money, KxenanK-e. Eic NEW YORK. July 27. Money on call, asy. per cent: ruling rate, 1 jer cent ; closing bid, 1 3t per cent ; offered at 2 per cent. Time loans, dull and firm: 60 days. 349 per cent: 90 days,34 per cent; six months. 5 5 per cent. Prime mercantile paper closed at 5H1 per cent. Sterling exchange weaker, with actual business in bankers' bills at $4. S330 & 4. S300 for uday bills and at $4.r4o for demands Commercial bills, $4.S2 til 4.S3U Bar silver, 53 rC. - Mexican dollars. 44c , Government bonds, steady; railroad bonds, strong. LONDON. July 27. Bar silver Steady: 24 13-10i per ounce. Money 1 14 per cent. The rate of discount in the open market for short bills is 14 pe" cept. The rate of discount in tne open market for three months" bills Is 2H per cent. Consols for money. SI 11-10; do for ac count, 81 11-16. SAN FRANCISCO, July 27.. Sterling on London. 60 days. $4.83 ; sterling on Lon don, sight. $4.85. Silver bars 53 c. Mexican dolalrs 44c. Drafts Sight, .05; telegraph, .OS. CHICAGO. July 27. Exchange on New York, 13 premium. Daily Treasury Statement. WASHINGTON. July 27. The Condition of the Treasury at the beginning of business today was as follows; Trust funds Gold coin $8f9,4OS,069 Silver dollars 489.135.000 Silver dollars of 1S9 3,6:iS.oOO Silver certificates outstanding 489,155,000 General fund Standard silver dollars in gen- eral fund 3,231,807 Current liaoilities 103,120.200 Working balance In Treasury of fices - 28,420,862 In banks to credit of Treasurer of the United States 39.4S1.733 Subsidiary silver coin . - . 20. 242.55ft Minor coin 1,159,721 Total balance in general fund... 91,242,504 Activity in Lehigh "Valley. PHILADELPHIA, July 27. There was great activity in Lehigh Valley Railroad stock on the Philadelphia Exchange today, more than 44.000 shares c.f the stock and 33,000 of Lehigh Valley warrant changing bands. The selling orders came almost en tirely from New York and the buying was reported to be by some of the best Phila delphia houses. The stock opened at sold as high as 67i as low as G2& and closed at C6. BIG ALFALFA ORDERS TEX THOUSAND TOXS BOUGHT IX CALIFORNIA. For Delivery on Piiget Sound This . Fall Timothy Sells at High Price at Ellensburg. SEATTLE. Wash., Julv 27. (Special.) Ten thousand tons of alfalfa' have been pur chased in California -during the last few days for delivery on PuKet Sound this Fall. High prices here have been responsible for the placing of orders in the south. An et fort is also to be made to introduce grain hay here, -which can be purchased at very low prices in California. eighteen aonars was paid for new timothy at Kllensburg today, the highest price ever paid for tim othy at this time of the year. Kansas prairie hay is still arriving for trans-snip-ment to the Philippines and 2O00 tons will be shinned on the transport Iix. Wheat was no higher here today, but the market displayed considerable life. Much interest was shown In the reports from the Big Bend district, where threshing returns are showing yields of 12 busneis. per acre, against estimates of only eight. The first carload of Eastern Washington watermelons reached the city today. Seven cars arrived from California. The peach market was softer again, due largely to the increased shipments that followed Monday sliffer market. The late canning varieties of peaches are now ripening in Eastern Washington. Cants sold at $3.50. Trade dragged on account of the fact that prac tically every grocery store in the city was closed. In observance or tne grocers picnic. A straight carload of California grapes ar rived and were placed on the market at $1.50 a box. Jobbers reported a good de mand for eggs at yesterday's .prices. Poul try receipts were much larger. The supply of live poultry exceeded the demand, but surplus stock was dressed. Veal eold well at 13 to 14 cents. 6AN FBAJSCISCO QUOTATIONS. Produce Price Current In the Bay City Markets. SAX FRAXCI5CO, July 27. The follow ing prices were current in the produce mar ket today: Butter Fancy creamery, 31c; creamery- seconds, 20c; fancy dairy. 28c. Cheese New. 13V414V4c; Young America, 1516V4c. Eggs Store, SOc; fancy ranch, 32c. Poultry Roosters, old. S55.0; roosters. young. f7tiu; nroucrs, aman. i.koj; broilers, large. $3.:53.60; fryers. $56; hens. S510; ducks, old. $4.50j)5; ducks. young, JBi&'S. Vegetables Cucumbers, 2550c: garlic, 2V43V4c: green peas. 2Hi3Vic; string beans. 1 3c; asparagus, nominal; tomatoes, 3oc 65c; eggplant, 50 75c. Hops California, 1015c. Millstuffs Bran. $2324 middlings, $23 Hay Wheat, $914; wheat and oats, $ 012; alfalfa, $710: stock. $37; straw. Fruit Apples, choice. 65c?$1.25; apples. common, 3550c: bananas, 7.c'$3; Mexi can limes, - $5.50Si'0; California lemons, choice. r,..V; California lemons, common $2.50; oranges, navels, nominal; pineapples, $23. Receipts Flour, 2753 quarter sacks wheat, 13 centals; barley. 4916 centals; oats, 167S centals; beans. 3215 sacks; potatoes, 5383 sacks; hay, 734 tons; wool, 13s bales hides, 337. European Grain Market. LONDON. July 27. Cargoes quiet, buyers reserved, walla walla lor snipmem, ed iow er at 37s 6d. English country markets steady; French country market, steaay. LIVERPOOL, July 27. Wheat July closed In 44d; October. 7s 5d; lecember. 7a 6d, V earner unsettiea. wool at St. Ixiuik. ST. LOUIS, July 27. Wool Higher: terri tory and Western mediums, lS'Uac; fine mediums, idqiic; line, j.tgxc liry Produce in the East. CHICAGO. July 27. Butter isteady; cream erles. ijrd-tc: uairies. z.i'aztc. Kbbs Receipts. 14, W0; steaay at mark, case included, lu14c; firsts, 15c; prime firets, 17c. Cheese EJasy; daisies. 15'4 'n 15 lie; twins, 1415c; Youns Americas, loV15li.c; long horns, 15c. NEW YORK. .Inly 27. Butter Firm; creamery specials. 'Jj:c: extras, 28c. Cheese Steady, unchanged. Eggs Quiet, unchanged. Minneapolis Grain Market. MINNEAPOLIS. July 27. Wheat July closed September. $1.13; December, tl.UVj. Cash: No. 1 hard. ?1.2B; No. 1 Northern, U.24 1.23a, : No. 2 Northern, j51.22ral.23 Ji ; No. 3. 1.2ii1.21. Flax Closed at $2.43. Corn No. 3 yellow. 2C34c. Oats No. 3 white. 42434c Rye No. 2, 72-S74C. Grain at San Francisco. SAN FRANCISCO, July 27. Wheat Firm. Barley Steady. Spot quotations: Wheat Shipping $1.65 gUH Barley Feed. $1.0o hi & l.OS ; brew ing. 1.101.12Vi. Oats Red. 1.351.45: white. $1.80: black, nominal. Call, board sales: Wheat No trading. Barley December. $1.14 bid. $1.14 asked. Corn Large yellow. 1.01.62. Wheat at Tacoma. TACOMA. July 27. Wheat Milling, blue stem. ti7trc: club, 8SiS0c. The first car of new wheat arrived from Walla Walla today. It was choice turkey red weighing ) pounds to the bushel. Receipts, 8 cars wheat. Duluth Max Market. Dl'Ll'TH. July 27. Flax on track. $2.50; to arrive. $2.4-t: July. $-J.50 R-ted: September, $2.43; October and November, $2.31; Decem ber. $2.25 asked. CASH WHEAT LOWER 'rices at Chicago Show a Sharp Decline. OPTIONS ARE ALSO DOWN Southwestern Hanks Refuse Loans That Might Make Possible the Storing of Wheat Cana dian Drouth Damage. CHICAGO. July 27. At one time Sep tember. December and May wheat were lc below yesterday's close, while the July op tion, when weakest, was off only hall as nuch. Cash wheat, however, dropped to lftle under July for No. "2 red and for hard, the chances not being good for further fresh receipts to be made available for the current delivery. First reports from the harvest In Western Canada seemed to in die? te that the stories of drouth damage in that region were overdrawn. lt was news of this character that gave the initial bear ish impulse to the market today. Later m the session information was circuiatea that some banks in the Southwest were re fusing loans that might make possible the storage of wheat. Such action would ex- nlain the Dressure of the cash grain tot sale. September fluctuated between $1.034 and $1.04. closing easy, Sc to c down, at $1.04 1 r l.$4 V . Demand for corn was much restricted un til prices had undergone quite a dip and there were dispatches telling of more dam age by hot winds. Variations In the Sep tember price had as high and low limits 04o and 6oc, with the close easy at (Jo i c. a net decline of c. The cash market was firm. No. 2 yellow closed at 6Sc. Heavy heciclne and some short selling made oats weak. September ranged from s $f 3J c to 39 c and closed S c Off. at 383SHc. A light run of hogs gave- a generally nrm tone to provisions. Pork finished 12 c up to uc lower. Lard was at 7410c advance and ribs from 2 Vi to 7 Vt c. The leading futures ranged as follows: WHEAT. Ooen. H igh. Low. Close. July $1.0 7 $1.08 $1.Q7 $1-07 Sept 1.04 1.04 1.0 1.044 Dec l.(M -.06 1.Ub J..Ut-?B May 1.10 1.10? 1.09 1.104 CORN. July 64 Vi , .65 M. .64 .65 Kept .66 li .6b lfA .b -eo Dec 64k .644 .63 .64 May 66 -66 -64 -65 - OATS. July 40 U .404 .40 .40 Sept .39 .39 .38 .38 Dec ,4U( .JVrx May 43 .43 Al .4-' MESS PORK. Sept 22.25 22.30 12.12 22.17 Jan 13.5 18.40 18.2a LARD. Sept 11.85 11.95 11.82 11.90 Oct. 11.77 11.82 11.72 11.77 Nov 11.50 11.52 11.45 11.4 1 SHORT RIBS. Sept 11.67 11.72 11.65 11.67 Oct 11.2.-V 11.T5 11.17 11.20 Jan 9.40 .42 9.33 9.40 Cash quotations were as follows: Flour Firm, t Rye No. 2. 77 (g 73c. Grain statistics: Total clearances of wheat and flour were equal to 61.000 bushels. Primary receipts were 1,357,000 bushels, compared witn j.,- 669,000 bushels the corresponding day a year ago. Estimated receipts tor tomorrow: Wheat. 399 cars; corn. 161 cars; oats, nt cars; hogs, 16,000 head. Receipts. Shipments. Flour, barrels 289. 119 19,728 Wheat, bushels 478,200 94.S00 Corn, bushels 213.750 3S7.10O Oats, bushels 448.200 152,600 Rve. bushels 7.000 Barlev. bushels 54.000 13.300 HIGH GRADE MUNICIPAL AND IMPROVEMENT "We have several good issues on hand. Buy di rect from the contractor and save broker's com mission. - WARREN CONSTRUCTION CO. 317 Beck Bldg.,. Portland, Oron. Phones: Main 9357, A 4613. TRAVELERS' GUIDE. HONOLULU $110 And Back (First -Class) The splendid, twin screw steamer SIERRA fl o.ooo tons displacement) sails Julv 30. Aug. 0, Sept. 10 and every 21 days. Hound trip ticKets kooq lor iour monins. nanomiu, the most attractive spot on entire world tour, .BOOK. NOW and secure best berths. LINE TO TAHITI AND NEW ZEALAND. E. 8. Mariposa and Union Line, sailings Aug. 6. Sept. 11, etc. Tahiti and back (24 liugtoni. $24.I5 first class. K T six months. Write or wire for reservations. UC BAN IC S. S. CO., 67 Market Stregt. San Franciico. COOS BAY LINE -DAT SERVICE. Steamer Breakwater leaves Portland 9 A M.. July 23. 28. Aug- 2, 7. 12. 17. 22. 27 anil every live days, from Aina worth lxclc. for North tend, Marshfleld and Coos Bay points. Freight received until 5 P. M., dally. Bassenger fare, first-claa. $10; sec ond -class, $ . including Dertn ana meats Inouire Citv Ticket Office. Third and Wash ington streets, or Aina worth Dock. Main 'JGH. SanFraccisco and Los Angeles DIRECT North Pacific S. S. Co.'s S. S. Roanoke and S. S. Elder eail every Wednesday alternately at 6 P. M. Ticket office 132 Third t-. near Alder. iURTIN J. H1GLEY, Paueiger Actat, v. 11. BLtaMn, Kremi AgenL Ckoaea M. 1314, A 1314. l.umbermens National Bank CORNER FIFTH AND STARK STREETS PORTLAND, OREGON Capital $500,000 OFFICERS. - DIRECTORS. " -. G. K. Wentworth President K tw"h ( has. S. Kusaell Johm A. Keatlna-. Vice-President P. S. Brumby McPbern V,-Pre..det V''' 5tory - ...Cashier j. K. Wheler F". A. Freeman '.Asalatant Chirr V.ti?a X. iTl'" ' Graham Dukeh.rt. ...... .Aaatotant Caaulet HJT gT,' r'at Ladd $ Tilton Bank Established 1859. g'g: OLDEST BANK ON THE PACIFIC COAST ' J Capital $1,000,000 SURPLUS AND PROFITS $660,000 5i,V"i.' p'esIaent. R-S. Howard. Jr., Ass-t Cashier. fc ff1""' 'ce-Fresldent. J-W. Ladd. Assistant Cashier. W. H. Dunckiey, Cashier. Walter St. Cook, Ass't Cashier. irst National Bank Capital $1,500,000 Surplus 750,000 Oldest National Bank West of ths Rocky Mountains $125,000 Railway Exchange Building Company First Mortgage 7 Gold Bonds Dated August 1, 1910. ; " Due Serially August 1, 1911, to August 1, 1917. Coupon Bonds in denomination of $500. Principal and semi-annual interest, payable at the office of the Security Savings & Trust Company, Portland, Oregon, Trustee. This bond issue is secured by a deed of trust to the Security Savings & Trust Company, Portland, as Trustee, covering tho Railway Exchange Building and leasehold, which provides for redemption of the bonds in installments, beginning at the end of the first year, at a sufficient premium to make the same yield 7Vi per cent per annum for the various maturities. The property consists of a mpdern six-story, class "A" rein-" forced concrete office building, having 100 feet frontage on Third, 200 feet frontage on Stark, and 50 feet frontage on Fourth street, iu .the heart of the financial and business section of Portland. The Railway Exchange Building, costing $225,000, is completely and substantially equipped and finished through out, and ranks with the best office structures on the Coast. It is already largely rented to a very desirable class of business concerns, on a basis which insures a steady and profitable income. In view of the very large margin of security over and above the bond issue, and the location and earning capacity of the property, we recommend these bonds very strongly as an excep tionally choice and profitable investment. Having already reserved a substantial amount of the bonds, we offer the unsold balance at par and interest, yielding 7y2 per cent until maturity. Copy of the mortgage, statement of earnings and other tailed information will be furnished upon application at our office. MORRIS BROTHERS Chamber of Commerce. TRAVELERS' GUIDE. $(gjg ALASKA AND BACK . IncludlnK Berth and Meals SUMMER EXCURSIONS via Smooth "Inside Passage' Twelve deliRhtful excursions from Seattle to ALASKA and bark cheaper than staying at home. Don't waif until tlramer arc mold oaf Writm omch for fietail and rmomrvmtiona Pacific Coast Steamship Co. 249 Waahlnfeton St. . PORTLAND Canadian Pacific Empress line of steamers, sailing; -weekly between Montreal and Liver pool. Wireless on all steamers. Ask any ticket stent or write IT. K. . Johns Lh. a. A, 142 Third St.. Portland TBAVEUjlf GVIOE. COLUMBIA RIVER SCENERY Fast Excursion .steamer CHAS. K- SPENCER daulv txxcept Wednesday. M a. SC. (or Hood ftiver and. " ay laudlnc and re turn leave Hood fUver. 2:40 P. Mi arrive irorU&ad b p. M. 6LNUA EXCURSIONS .Leaves tf A- M. ; return;. 5:30 P. M, First-clfcos Meats Served.. Fare, One Dollar Hound Trig. Up town Office. 0U ita St. Pbuoei 'Marshall 1T9, a 12S3. iandlns and Off.?e, Foot Wahlntea St. Phones Main 8619, A. 2465. Lowest Kates to Picnic Parties X. W. SPENCER. OWNER. BAN FRANCISCO A POR1UND SS. CO. New service to Ixs Angeles, via San Fran cisco, every five days. From A ins worth Dock, Portland, P A. M. SS. Beaver. Aoc 1; Bear. ; Rom Citv. 11. From Ban Francisco. North lou nd. 1 i M . 88. Bear. July 30; Rum City, 4; Braver, V- From San Pedro, Northbound. iS. Itos City. Ausust S; Beaver, 7 ; Bear. 12. K. ti. mith. C. T. A.. 142 Thlr St. J. W- Raanom, Arent, Alnnwoth loelt. Phones Main 02. 26S. A 1403. .