TT
THE MORNING OREGOXIAN, SATURDAY, JULY 15, 1911.
EUROPE AN OUTLET
Market for Northwest Flour
May Be Exploited.
MILLS HAVE A SURPLUS
T. B. WiU-ox Point Oat How the
fl of the Product May Bo
WMenext Sound Miller
Approve of It.
I'np tnllTera of th. Northweat ar eon-
s.iertn th matter of extendlns; the 1
f fl'ujr la Euron. Th subject was brouxht
a ay T. B. irilcn at th. dinner ot the
Wu.1!tto Millar Aaaxx-latloa at Ta-oma
n't waa favorably ra I vl.
Mr. VJmi pointed out that a wld-r mar
ket was aeede.1 far th. flour of Orcfoi and
TCuMnil'ia. Th. mllllnc capacity haa In
ctiwI In recent 7-r thai th. futl out
rut cianot be sbsortwd br th. local, tha
Sruth American and th. Oriental trad and
r i'ItM exploltm th. marketa of Kurop
wher th. surplus could b. disposed of.
tri former year there was a lars flour
kminm with Enrp and mtnr enwi w.ra
sipped annually br aalimi vla from Ore
mm arid California. Tine, tha te thr
has nit bn mirh done In thla lrn. thouch
mall shipments ar ."Ill btna maj. br
T - . ::iar.
tt was pointed out that with tha direct
sieanehlp line In operatloa from tha ooBd
t E-jmp th. business Bi'.iiht ba workad up.
parttlarly with tha Cnlted Xm lorn, to
that br tha tta. ti Panama Canal la
flr.'afiad th.ra will ba a well etasl!nd
nottpwt of our floor eastward.
s tha trad, wtta Fn.-op decltned a bl
intra. t feat opened up ta th. Orient. Th.
A.latl mukit. however. U aereasarlly oa
a low basts and th. trad, wtth that quart.r
tn tha pact two year baa ufferd bcoi
of th. hiss coat of wh.at her.
It tha Xntn Paclflo miller would quota
a reasonab' prtc oa flour to th. buyr
of Europ and aur tham of a at.adr tup
plv. Mr. Wilcox believe aa outlet could
be found th.ra for th. surplua Tha cost
of nro.Ioetloa could ba Imiim4 br runnlnc
th. mills contlauallr. Instead of aa part
time aa bow. and tha tranaportatloa .ad
would o. fostered. MUI feed would a'.ao b
cheapened and Ita a.:. thrir lootMna,
To accomplien thla and. however, lha alwtf
mrkt tn th. Northwest would hav to ba
raein'aiaed oa a parltr with rTirop.
Eurr take wheat readily trom tha Fa
rm Northwest, tha ehlpmente from tha
Columbia River and Puxet Sound ta tha past
?ar a-a-resa:la t.0Sa.tlS boehela. and thara
ta no roaaoa whr much of thla raisht Dot so
f irward ta tha ahapa of flour.
These w.ra merely auatlma br Mr. Wil
cox and war. not aated upoa br tha mlll.ra
aa a body, but ba asked th.m to think tha
ma:tr ever and tall htm what they thought
of It at a dlnnar ta Portland la Septem
ber to which h. mvtted th.m.
11K5T UHJ or NEW-CROP HMT
Qwallty la fthowa to Ba Coo4 Thrrahlac
RMam Aeriiafartery.
Tha brat aarnp:a of new-crop wb.at
war nnlod br local drains yesterday and
tso very good quality. Earlr thrvahlus
r.tuma w.r. aaid to b. aatlafactorr- Th.ra
waa practically "o tradins la lha lorai
wb.rc mark.t. Th. utvl.rton. waa weak
No r.v-tr p buamoaa waa reported.
Tha N.t'c In th oa:a markat waa ataadiar
aid la aoin ouart.ra tha markat waa called
arm. but vwa war no hlah.r.
xruiy toraica wbaat ahlpaanta wr ra
portod br tha M.rcoanta' Cxcharaa aa fol
Viwa: Thla Vk. Last Vk. La at Tr.
Arw.ntlna l.)IIMi 1.101. Jl.O0
Auasralla i .. s. 1.0
ir.di t.ili l..o .0
Local roatpta In cara war nportad br
ti M.rrhaaka i:-hana aa foUows:
WtiMi Parlor Flour Oata Har
Jor.. ....13 .. : ..
T i.dar ..... a ft 1
t.:n- lay 4 4 .
Thu-.lay !1 .. H 1
FrMr I .. 1 .. t
Soar ao J .. 1 I
f-..n to data. .Ill 111 1 41
7r . 1:1 u in ir ii
tr.Mosn ADTANcrn 10 n a box
Inimraa Trad la Mrloaa. Cantaloup, and
rmk rruita.
TVatersi.toc. cantalouoa and aaarlr all
h'r.la of fruit aotd ratr!ar aa fast aa
fr coull b. ur.l.a.U.L Tha markat waa
f-rm throbout-
Aa akptert. th. lemon markat showed IV
e'her advanc of AS cnta. faacr lamoaa b-l-s
qooted at $'. Soma ef th deal.rs' ar
cHr& their aupplr and ar not sairtnc
er-ar nv bos to a alncl customer.
Locaaborrlea w.r -are aad firmer, tha
ba: BhTrplos: atock brtnx-ln I1.1S.
A ear of lomatoaa arrived aad war quoted
at ILTJ ta lua: bae.
SUE or STOCT MOW I. fOnEMIO
la ratttfnrala, ta Cnt Is KHTmA aw Cw.
trar fur Tolo.
w-i nw toataeaa waa rcpoTtod yatr4ay la
t Km markat for Oraaoa spot hops or fu
t ma Tha saCa of th Stoat lots, piwrtoaaty
annoxMod. war aontrmad.
Callfoeula advtoea war. that IS cat waa
oIT-rMl oa enweract fr to bale of Toloa,
Th. t'ki snrp ef les bales of Itll Sasrw
snentoa waa sold at Si Mats.
A Londoa laitar dated Jan to ai "Tha
reidltloa of tha KncUaa crop haa tnpTord
and w wl.I arebahlr (t aa a tarn a. crop
of 1 swt. par airtw.
IOR rotLTKT ARfUtKet, PKICM e..K
I'reokl K(. Ar a rVwrr a IlardT ta B
Qoed.
K!ses of chickens war larrw ynlmv
dr Saa tha dar bofor and h market
weaken!. hr. a (al'.ics back ta 114 Santa.
O w4 Sprtnsa, horem, wr la demand at
lwl tenia.
rrask Orasoa were a sraro as barrW
lr t b a-iutakia.
Butter jad eh w.r firm wlthoot
f'irrhr ehang la price.
B l a Aantarr Quarter,
TLar was aa?ther qoaner cart advanoa
In th prtc of bars raatarday, which, brines
th qwntatton ap to TS caata Th markat
ta wmry strong and It s believed will so
hiches.
Mkawtac la ta r rack,
A 9ruma shaea-a fa lha pack of canae4
peas Is rcportad, and dell varies wfll aot
stcad Pr cnL.
Tha corn pack mar ale b Usht. Ths
CJtiilrs weak will la i tna aiorr la c.a coca
rnarkac
Bank fTaaarln-.
BasJc cIsatiaxs of tha No r'.h Waaler ell 'aa
raalardar arcTa aa Io.jwa:
t';artace. Bi!taf.
rorttaad l.ai.4 3'.4 S
S.a-l. Ll.).7t li.,534
Ti.-vcr. a 414.31 ll.vil
i.-oka.-.a Iii.X0 li.iH
Grain, Flour. Fseel, Kir.
WHKAT Track prtce: Filerern, WJ
:uN 81e; HBSslaa, 0c; Tailax. lc;
''n'iJrvrr- Praa. IHSOtSS Pr tea:
rr..id;iats. IU: aaort. Ili-iOtiad; roi.ad
COHS V.'hola. 131 5: cracked. 31S0 per
ton.
BAJtl.Srr Cholc fie-1. n5 MJ par too.
OATel No. white. MK par boa.'
FLOC7X Paieata. per barrer;
atraichta. I.aj; exporu. M So: S ailer. It-tO.
fracam. 4.Ui wbola wheal. 4. TO,
Hit-Timothy, oaw. 1I1; old. "
tl. alfalfa, a.w. 12 JVOi cloear. naw. H.WS
i srala bar. new. U.
Trs-etahlc aad rrnlta.
. . . roi'lTGnranftt. ft3flS oO
per boa; CaUfornla ejrapefrult. UHl-.
bananas. StJe per pound; plnappUa. o
per pound; leraone. 4wl-
FKiltH FKl IT i nmi-e. otw k.
pour.d; apricots. fl.2A.ll.60 par cratal
cTnt!rupea. XS Pr crato: peachea.
H, per crate: laatenue.or.a. i a i o
per pouna; ptume. " ' ' r
terries. l."il.6i per crate: loianberrles.
tl Hsl.ll per crata; blackcaua. 1 .
pluma. I1.K1 "I Pr box; prunes, MJ
1. 1 a per ooa. .Mrvmn. .
borrles. Tc; new apples. Il.Ttgi per box.
VEIJllADLL? syre e .-v
Coi.n . been a, 901-M eauoasa. - 6 i.:3 par
bundredweljht; corn. -tObjUo per dosen;
cucumbers. HtlM .r box: .(splant. lit
pr peui; iaiiG( v . v
luco. . 3o per doaen: hot-hous. I.ttuc.
. . ... . . - . . . . j a a. Bar oound;
p.ppera. 12Stloc per pound, radlsnea. USt
par dui.n rauirb. ISAM per pound; to
matuos. tl.'i pr box.
SA-CK VEGE1TAB1.E3 New carrots. 3
per lark: turnip.. 2; beet a. $3.
. . .. . . - o i 1 rr
M 1 1 U C J r viiuu. --wv'e-
pound, new California. K&3a.
uMJAi Red. 11.74: wulte. (I par IkUU-
fired.
Dairy and Country Produeev.
POL'LTRT Hona K14 4e; Bprlnsa. 1
!; ducks. rUit. lliOlic: seeee. 11c;
turkeys. i-K. ilraaaod. choice. IJc.
ko id oraaoa ranch, candled. 14 Olio par
doan. .
HITTER City creamery extra., l ana -pound
prints. In boxeet i-to per pound: laa
than box lot., rartona and aeuv.ry "
.......... .,. mwtl rf-i.t-. iftee
ISSc per pound: Youns America. lsjlUo.
I'OKK Kencr. P"r r"-,
VEAi Fancy. 11 il lie par pound.
Stapl Orwcrle.
-ii wz-ini rniumMa Hlear. 1 - Dour d tails.
I2.10 per dosen; a-pound talla. 1J: 1
pound flata. IA40; Alaska plak. 1-pouad
lat a. Il li.
COFFEE Routed, ta drama. 23ff0 per
pound.
Nl TS Waltiuta 17ilo par pound;
Pranl nuts. 14 o 18c; fl. carta. 19c; alraouda.
KglSc; pecena. le; coeoanuta. POctfil per
doien: chatnuts. Ma par pound; hickory
Hut t. S'lOo Per pound.
HONEY Choice. l-i-TS Pr easa; strained
honey. IOC per pound.
SALT Oranu.ated. lift per ton; balf
ground. lOus. (t.Sv) per ton; 6vs. I psr ton.
BilANb email whits. 4o; lara white,
4c; Lima, To: pink. 8c; rod ilsxUana.
atc: bayou. &c
niCB No. 1 Japan, 4ic; cheaper grades,
tlJ)i,465: Southern head. SOTc: Im
ported Imperial. Ike: Imported extra o. x.
SUGAR Dry granulated. H.T0: herry.
15. 1: beet. li.SO extra C powdered,
barrels. i.!; cub, barrels. 14.10.
Diced irL'ITs Ancles. 12itilVo per
pound: nprlco'a, Iftj; p cache. lilt) 12a
prune.. It.. Ian. 109110: aiivvr. e
while aad b.ack. vt0TV.c; currants, luar
11a: ralslna looa Muscat.!. SWOT Ho;
bleached Thompson. 11 He: unbleathed Sul
tanas, twe: aeeded. UwaeO.
Mopa. a'aal aad Hide.
HOPS 1P11 contracts, aoo per pwunw.
lli crop, ilo; lo crop. lSSlPo; old. 8
l'o-
MOHAIR Choice. 36T37V.C Per pound.
U'OOL Eaatera Orenon. W9140 per
psund. aocordiag to ehrinkasa; Va.ley. leO
lie per pound.
PfcLTb Ury. 10o; lamba. 3S 940O aach:
pelts. TJcDH aach; sliearllnss. loetlOo
HIDES Sal'ed hides, H BVHo per pound:
ilted calf. l.Stfloc, aalted kip. Iter; salted
ITHo: dry ca.f. lTjlc: dry atas. lluUc
GRAIN HAU3 WheaU Two.
Protrlelooa.
HAMS IS IO 1- pounus. leviwc:
14 pounds, 18,0 lc; 14 to Id pounds. ISO
. . . . . a . 1111:... tnned
19C; 19 ID 1 .
ISWc: picnic. 12 Sc; cottafa roll. l4Wc
dried beef seta none; outaide, aoaa; laaldea.
LARD Kettle rendered, tierces. 12He;
tuba. l:c. standard. Ilerces. 10 4.0! tubs,
lie; choice tierces. te; tubs. 10c; short
enlr.c. tl races. 8c; tubav liC
OA.v ffaorj, ,IC: iiauiwu, ww.v
:c: Easllah. 1 "c
dry salt. 1-Vc: smoked. 13Vo: backs, light.
S..t. lc; so.vevu. . 'v . - . - -
...... . - I ill... ..mti, ult. -2n
smoked, 14c
Oils.
I tvrrn OIL Put raw ta barrels, pie;
boiled, tn barrela. P3e; raw. la case a, pec;
boiled, tn caaea.
TURPENTINE (Jaaee, TSc; wood barrela,
TO He: Iron barrels. 66c; 10-cae lota. TZo.
(iACU.l. r. iiotor salnev irtia wrm.m,
lo; caaea, U-c; bd gasoline. Iron barrels. 3Sc;
caaea. So we-
COAL Oil. Ordinary test, cases, is give;
balk, la tanks. US'-: Man teat. 21114a
OATS PRICE WEAKENS
LOW BIDS OX ARMY CONTRACT
DEPRESS MARKET.
Tenders Are Submitted of S2T.7S
and $17.40. Latter With Option
of Portia nd Delivery.
SEATTLE. Wash.. Ju!y 14. (Ppsctakr
Ppot blueatem wheat was quoted a cent
lower on th. Merchants' Flxchar.se today at
PI cents, but aa a matter of fact llttl
If any. could b obtained under B4 cenis.
fpet club and Cf were also rather Arm.
Tha very lvw bids submitted by local deal
ers oa the Government 'b.lll;ptn forase
contract caused pronounced weakneea to de
velop In tha coara. cereaia and lower prlcea
reeulterl. W." Roblnaon submitted a bid
of 14 4.' oa 10.000 tons of timothy and on
cf I3T.T oa T-XX tons of oata. Balfour.
Cuthrta Co. bid trT.aO on tha oata oa coa
d.uon that they rwserr th rlsht to deliver
at Seattle. Taroraa or Portland at thalr op
tion. Aibars brother, of Tortland. was tha
only Oresoa bouso to submit a bid. Th
loweat Eaat.rti bid oa tha oata waa ISJ-a
California firma war ail hlsa. Hotluejn
offered a reduction of 1 cent par ton If
awarded th ntlr business.
Tb prir of lemons advanced SO cnta
a bos. Th beat lemons ar now held at .
Owing to a larg supply of bana-as, tha
market I easier. Moat sales a.-e made on
th basts of IH rente. Tha city demand Is
not as brisk aa it haa been, owing to th.
abundanc of other fruits. Tha shipping
trad ts brisk. Commission men expect to
do a flourishing banana buslnee. during pot
latrh week. He vera: carloads tof bananas
arrived yesterday and three more extra cara
ar dua to arrive Monday.
Th Srst consignment of Tsklma Furtiank
potatoM arrived today and war. quote! at
2 cents par pound. Th outside prlc
oa tha a -reel today waa J i cants.
Blng cherrle wer practically out of tha
market. Berne, of all klnda war. in limited
supply. BarUatt pears wer offered at 1
per boy-
liot sasthr tn th Puget Sound district
ts commencing to make Itself felt In th
l-ai ess market. Native eggs are arrlv
tng tn poi'tr condition. Tha etrtollr fresh
stock Is narrowing down ar.d dealers ar ask
ing higher price. Thirty cents was an
almoert general price for No. 1 etrtrtly fresh
lot-el ..as today. Other dairy produce waa
unchanged.
PROUCCB AT SAN TBAXCISCO.
Quotation Current la tb Bay City Mar
kets. SA! FRANCISCO. July 14. Tb. follow
ing produca piit ea wer. current todar:
Vegetables Cucumbers. tSO?So; garlic,
tCIc; green paa, flQltO: alrlr.g beans,
ltc; asparagua. 11.-3 4 LT3: tomatoea, wO
aj;.V:i eTxrlant,
Hutler Fancy creamery, CI He.
Esse Stnr.. XSci fanor ranch. 54 140.
f neeae Young Amrlaa USOH-a
y.Kstufta Braa. :i2, moallags,
n- i e o.
Fruit Anplea. cholca, ll.SOi oommon. EOc j
bar.anaa, 1191 T3 Mexican llmea. ITdT.SO;
California lemona, shotu. $0; oommon, ll
pinwpplra MelW
Har vVhesu. llt14 pee toai wbaat aad
aaia. r011i alfalfa. SIS 11.
Potatoes Earlv Koaer nominal.
Onions 4)Se S It,
Beclpr Flous, 130 quarter sacks 1
wheat. ll'!0 centals: barlay, 40 eenlala;
oata. 1TO0 can rale, potato, 61T0 sarkai bar.
1 ton a
Crala at Seva Fraorisco,
PA FRAKcnsco. July 14. Wheat, weak.
Parley Steady. Spot quotatlor.a Wheat
Shlrplnr. $1.42H Kel.SO. Barter Feed.
$1 XT S 1-3S Brewing Nominal. Oata
Bed. gl.H4Sl-4- " ""a Nomina:; Diacx,
l-i;L;'X Call board aa.ee nej
trading. Barley Oeoember, $1.1448.
STEEL THE BROAD
Mills Are Rapidly Resuming
Operations.
RAILROADS ARE BUYING
Movement of IXiotwear Gradually
Increases Hot AVeather Ha
an Ad Terse Effect on Re
tail Business.
NEW TORS. July It. Dunn- weekly ra
rlevr of trade will say tomorrow:
I'revalence of high temperatures through
out tha country haga adversely affected busi
ness, notably In retail lines.
In response to tha broader demand for
flnlahed materials, tbs ateel mills are rapidly
resuming operatlona. having taken lasa time
than usual for repatra and Inv.ntorlea. A
mora favorable ahowing than had been ex
pected waa disclosed In th unfilled tonnag
report of tha Steal Corporation ordera on
hand during Jun. Increasing 248.900 tons,
whereaa In tha two montha Immediately pre
ceding there was a combined falling off of
fully M4.00O tors.
Only a moderata accuraulatloa of pig iron
has been reported and It Is believed tha out
nut ut merchant furnace la now below con
sumptive requirement a. Two additional
stacks have bean biowa la at tna oouin.
Activity la tha atruotural division la tem
porarily mors pronounced In th West than
In th East, but about I0.0OO tons have been
taken her within the last fortnight. Num
erous orders for railroad equipment ar In
sight
Movement or footwear graauawy mcrvaw.
Buyers ar mor numerous In th New Eng
land market, but caution continues to b
diaolaved In all transactions. Ketall trade.
however, eontlnues to show Improvement.
Pronounced strength still rules throughout
the leather market, wtth special firmness In
sola leather.
EVENTS OF WEEK ARK FAVORABLE.
Trade Conditions Display a Better Vn-
dertooa.
NEW TORK, July 14 Bradstrefs to
morrow will say:
lha events of tb week have cean mamiy
favorable. Including as fhsy do, the passage
of th. heat wave, rains la drought-stricken
sections, th maintenance of good condltlona
aa to tha cotton outlook, and tha widening
of activity In Iron and ateel.
Though midsummer oulet still prvans.
trad, conditions display a slightly bett.r
undertone. Withal, buyers ar conservative
about placing orders for future bualnesa. and
comparatively few aalesmen axe on tha road.
In tact, moat Interests seam ta realise tnai
trade will not Improve much until th Fall
season, when proepert as to crop yields
would be more developed.
Wheal. Including flour, exports from tha
United etatea and Canada for th week
ending July 13. aggregated 1.S01.0SJ bushols
against 1.3IT.2T4 last weak, and 1.1U0.248
this week last year.
Corn exports for th week ar 808.301
bushel, against BTS.010 last week and 440,
767 In tha like week of 1010.
Business failures In th Vnltcd Stats for
tha week ending July IS were 164, against
10 Isst week, 20Z In tha like week or iwiu;
2o tn 10; 2M tn lVOs. and 177 In 1907.
Bank Clearings.
NEW TORK. July 14. Bradstreet's bank
clearings report for tha week ending July
13 shows an aggregata of $3.047,1 76. noo. as
ssalnst 13.142,11(15. . Ian meek and 13.000,
&3.0c0 In tha corresponding week last year.
P.C P.C.
Inc. dec
New Tors! $l.TS7.83X.O0O 3.5
Chicago 27H.577.0.10 .... 1.7
Boston 17S.TlOP00 &.T
Philadelphia ..... 144.282.ooo .8 ....
St. Louis 7x.443.n-io 6.3 ....
Kinsu City r.2.67.O00 16.4 ....
Pittsburg 6n.04T.ono .... 5.4
(-an Francisco .... 50, M3.CM0 T.l ....
Baltimore 31. 241. OcO 17.0 ....
Cincinnati 27.02.iV) 1.4
Minneapolis 17.623.ono .... 14.2
Cleveland 23..l.0O0 4.S
New Orleans .... 17.718.t-x 14.7 ....
Ietrott 20.074.OOO .2 ....
Omaha 14.417. 000 J
ls Anselea 2o.17fl.on0 24. ....
Loulevliie 14.5o4.OnO 10.0 ....
Milwaukee . 14.277. ("TO T.l
Portland, Or. II.411R.000 2 ....
Seattle 13.17U.OoO 3.7 ....
Ft. Paul 10.010.0n0 IO. S ....
Atlnnta 11.on7.l0 141.8 ....
BulteJo 10.T5T.o-iO 3.4 ....
Penver 8.23O.CMV0 .... P.T
Indianapolis ..... lOJAnoO 8.0
Providence 8.6"T.O00 9.T ....
Richmond T. 4:4.000 .1 ....
Washington. D. C T.72S.OOO 1.8
Ft. Joeph ' T.M.0.) 1T.1 ....
Fort Worth 5.210.0O0 2
Memphis 6.021.DOO 44.2 ....
Felt Lake City.... 0.M.V000 7-1
Columbus 6.121.000 i.s ....
Albanv a.oi." .... 1.0
Tacoma . 4,109.000 ST.l
Snvannah 4.112.000 4.fl ....
tKokane. Wash. .. 4.05o.ooO .... 7.1
Oakland. CaU .... 8.7ik4.0X) 1.4 ....
hirrem.-nto. Cal. . l.64.OO0 12. ....
Helena l.flB.OOO l.l ....
Houston SS.SB.OOO S.3
Clalvaston 14.247.QOO f!l.8 ....
TRADlNGliMLYCEASES
nr sin ess as stock exchange
AT IX)W LEVEL.
Dullness Duo to the fnocrtalnty as
to the Crop Outcome Values
Are Firm.
NEW TORK. July 14 Th lowest level
of thre years waa reached today on tha
stock ax-chang. Transactions for th n
tlr session wer 87.000 share, tha smallest
Am-r-m huuau amea July 8. loot. Th lead-
trg railroad and tndnstrlsl stocks held firm.
Operator regaraea vn atte 01 uuuuvs
tttto which the market haa fallen as natural
at a tlm when mor definite indications of
crop prospects are being awaited aa a guide
to future movements, sot only la tha stock
market but In bualn. Among th apa
ctaltiea, th fertiliser stocks war most con
spicuous, ail ef th stocks In that group
recovering a part of their reoent losses on
what appeared to be short ao-raiing. United
Plate Steel moved listlessly. During on
hour of tha morning not a shar of this
stock was traded In, an ocourrenc which
traders sa'.d had not been noted before sine
tli admission of thla foremost of th in
dustrials to tha exchange.
Canadian Pactflo gained a point on th
strength of the favorable crop report of th
Canadian Government.
Th volume of bank clearings throughout
th country during th week reflects Im
provement In commercial operatlona. Cities
outside of New York, which laet web re
ported a losa from tha total of laat year,
thla week gained slightly, Ioee of 1.1 per
cent at thla point Indicated no falling off
In buaineea, but rather th oxtrame dullness
of stock exohenge traneaotlona.
Bone's ware steady. Total sale a, par value,
l,tt.oo". mited States bonds wer un
changed on call.
CLOSINa STOCK QUOTATIONS
Closing
Pales, High, Low, Bid.
Allls Chsl rf it ivitk 'ULi
Amal Copper ,, li'T oft tv4
Am Agrlcti.t ., 6" 6t 51 67.
Am Beet Sugar, sou 58 63H 634
American Can., , , . .
Am Car 4k Frty, MA 5k 6'tJ
Am Cotton Oil. 4.T'-) M 64 a 65,
Am Hd lAJt 200 B4 B4 it
Am lea oecurt., rr -v 1 too nof 14
Am Linseed oiim !, !!' i?w
Am Locomotive, 100 41 -41 40
Am Bmel BeJ 1,000 &0 60
do oref erred,. 100 107'A loTH 10-H
Am Flel Fdy.lftf,(l tutt rttrt ."5"
aSJwooT,t, iiai tu m sia
Anaconda 1WI CiT;ii
n M' to vk
AtcMaon ,.t.ft
rfa Drfrra..
MX iSU
Bethlehem fteal t,::; tiitl JJ1
Brook B Tran., 1.80d h3S M 83
Canadian Pac. 1 84-'J 241. 841',
Central Leather 4u0 Wej 80 80
do preferred., f.,..r t...r tt'tj I' rt
Central of N J, t;;it :;;:; ?"
Ch.s at Ohio .. 1 SOA M 81 S R2
Chicago Alton 1.800 3 814 SI
Chicago as Aitsa t v, .et r.rr tttit .0
Chi Ct West. .. .
do preferred. . .
Chicago & X W
C. M Ft Paul.
C, C. C li SI 1. .
Col Fuel 4k iron
Col dt Southern. .
Conaol Gaa . . .
Corn Products..
Del A Hudson..
D eV R Grande.. ,
do preferred.. ,
Dletlllera' Secur
Erie
do let pf ....
do 2d pf . .. . .
Goneral Eiec ..
Gt North pf .. .
Gt Nurth Ore . .
Illinois Central. ,
Interbor Met . .
do preferred..
Inter Harveater
Inter Marina pf ,
Int Paper
Int Pump
Iowa Central .. .
K C Southern. .
do preferred..
LAdede Gas
Louis 4k Nash..
Minn 4 St L. .
M. 6 P A S S M
XI o. Kan Tex
do preferred..
Mo Faclnc
Nat Btacult . ..
Nat Lead
lies N Ky 2 Pf
N V Central . . .
N T, Ont ec Wee
Norfolk Wei.
North Am
Northern Pac...
Pacific Mall
Pennsylvania ...
People's Gas ..
P, C C t T. .
Pittsburg Coal. ,
Pressed S Car ,
Pull Pal Car ..
By Steel Spring
Reeding
Republic Fteel H
do preferred.. ,
Rock Ialend Co
do preferred..
8t L 8 F 2 pf
St 1. Southwest.
do preferred..
Floss Sheffield
Southern Pac ..
Southern Ry
do preferred.. .
Tenn Copper .. .
Trxaa 4k Pac
Tol. 61 L A Wes
do preferred..
Union Pacific ..
do preferred..
TJ 8 Realty ... .
I- S Rubber . . .
V 8 Steel
do preferred. . ,
tteh Copper .
Va-Caro Cj.em
Wabash
do preferred.. .
Western Md
Weailng Elee ..
Western Union.
Wheel ALE..
2214
44H
147is
IL'1.
58
at
54
148
14
170
28H
57 H
3U
3.i
5
101
134
60
143 '
IS
51i
1"2
17
114
18
34 M
7'4
107i
154
311.
141
3i
C71
49
135
r. 55.
S0i
1"S
100 14TH
1.600 l-'tl1
14TV
120)s
inn us
I"". 14.
100 1T1S
143
14H
171H
fxio SA
2.-"0 Sb-1
1.5O0 5b v
"ion iki"
l.i'va 134
100 eo
i'.ioo 'isW
SUO 1214
S4
iol'H
134
"is"
S1H
121.
100 414 41V
F.0
600
10Tt
154 -A
107 4
154 i.
400 141 H
'ioo 4"
141
200 11B
H0 45
200 10'
i',606 iii
"ioi iii"
109
4-
109
131
125""
4.
'2Vx
124 '
lr. V
04
10
11
115H
157.
204
03
31 '
o-4
45
31
l
4SS
121S
112 '4
T2H
4H
2Si
21
4t
1S7S
04.
73 H
41H
lisvl
40 s
5i
13
85
0
75
8OI,
1
11, 700 m
40 2i
'"itnit 82
200 5
400 4d
"inn "to
T 48
4.400 123
300 32 i
1S7S
20 t
'iiVi
4i
4i
4S
122-i
S2
2HH
22
2S1
11
4CO
1.2O0 lSSti
T11O P."
1R7H
300 7BVi
oo
8,700
60
BT
T.'-S
4'
6oa
100
S no
4"0
800
4V,
75 'A
SI
8Vi
174 H
Lehigh Vslley..
th day, 87,800 shares.
Total saiea tor
BONDS.
..... - t 1 .nnlaMnns:
NEW TORK. J"ir V"'"'"a S""- fi-V
r . rel 2ereg.lOO4 N T C G 3'4s..
do coupon... l.-OVslNorth Pacifio 3a. 71V,
V . .Te,.... IOI j.. North Pacific . W.
do coupon ..h'iiiliiumi 1 . . . o-i u
U S aw 4s rg.H34Wl.con Cent 4s. SMVi
do coupon. ..11HV Japaneaa 4 80'
D A R G 4s ... fl1! 4,
atrm Mining Storks.
BOSTON. July 14. Closing Quotations:
Alioues 2 Mohawk J",.
Am. Ld. sin.. ?IS'VtV"aaft." . 32 'I
Boston Copper.'. 14 'North Lsk .... 8
Butt. Coal ..... lild omlnlon .. 48
Cal A Arlg .... 58 Osceola 13
rli Hla ,.461 .Parrot
Centennial UH iu.
Copper tsnga.. tw pn.oo.. - -
cut Bull. .... i?.sopti,rTa-- 85?:
Glr'.Tc.n-:::: 1&-?2fnu
gratify c" S,jU . 8. Mint-, .. 3S
Greene Cananea J v, do r'd- "
lR,.i''e V-w'rtah Coppat I.. 40H
Lake Copper .. 87 Kvinona
iX Salle Cop .. 3H!vov.rln 112
allaml Copper .. 21 VI
Monry F.xcJiatige. Etc.
X- trxyr TORK. Jtliy ie. aiontiy uo v-,.,
gtoady; sl per cent: ruling rat 2H per
cent; closing bid. 2 per cent; offered at 214
per cent. 2 2. per
ee. So deV: S nr cent: six months. 3HQ
V I"" en- e- xersu. ner cent.
ITim me" - y.r K..-
Bt.rlln. exchange iteaay. im
Inei." in l.nkers- "bill, at 4.8460 for 60-day
IVm- -- -t ti tn2K for demand. Commer
cial bills. (I M.
Har auver, 1 ,
Mexican dollara. 45c.
Government and railroad bonds, steady,
tovnnv Julv 14. Bar sliver, quiet.
84 Sd per ounce.
Money a " ,
Tha rata of discount in tn open maniw
14 psr it; for thre months" bills Is
1 13-18 to 114 per cent.
(A TRANCISCO. July 14 Starling on
London. 80 days. 4 81 H: sterling on London,
sight. 4.864. .
Drafts, sight, 2c; telegraph. 8c
CHICAGO. July 14. Exchange on New
fork, lao premium.
Condition of th Treasury.
WASHINGTON. July 14. At tha beginning
of bualneas today the condition of tha United,
Plates Treasury was:
Working balauc. In Treasury of- gj
In bankVan'dPhiuppIn Treasury
Total balance In general fund.. 145.O.0.S.9
Ordinary receipts yesterday -,J?-,.!
Ordinary dlsburaementa .......... 8.814.B4J
The deficit to dat this fiscal year Is 114.
5S.4. as agslnst 11.847.113 at this tlm
UThesrflgurs exclude Panama Canal and
public, debt transactions.
CNCKRTAINTT IN TUB WOOt. TRADE.
astrn Mills ar Buying; Sparingly Bual-
Dcsa In eat urnt.
BOSTON. July 14. Th Commercial Bul
letin will say of th wool market tomor-
rThe Boston wool trad has passed through
another week ot uncertainty and dullness,
and mills buying but sparingly and dealers
operating for small lots only In the West.
Probably th total of transactions on the
1. . 1 , 1 ,4 not sTMad a million
S09tOB .1', -
pounds for th week, being largely domestic
. . . . . 1 A Cn.ln. half nlood
WOOIS. inCIUOing amoa V' " ,
at 22o: aome new Utah and Nevada woola at
about 51o clan. and twelv montha and
eight montha Texas wools at 11 and 14o
respectively. .
London opened unchanged on merinos and
... . , . .Mnhrli and three-
eighths respectively. Liverpool opens Mon
day with oirennga or rvw -
Indie. '
Metal Market.
- . t . 1 1 1 ; t a n rl a r o cooper
c. v awv. e. - ; - ,
dulL Spot. July. August. September and
Ootober. ii.wgu.iv':. " .7
... -- . , . f,T aa til. 1m-
SPOt. t aa xe
ports reported at New Turk today. 24S tons,
eustoms-nouse iviuiui - --
42 tons so fa- this month. Lake copper.
11.78 0 Ho: electrolytic, 11.41 V4 0 12.750; cast
ing, 11.17 Hi 11. 80c.
Tin quiet. Spot, 41.808 4J.5c; July. 41.JS
041o: August, 41.54.luc: September.
41 60 0 41.1 Jo; Ootober. 4L17H C 4S.13 4a
London easy; spot. 1184 15s: futures. tl-
Lesd steady. 4.45 8 4.550 New lork. 4.JiH
ei.Ue East Bt. Louis. London. 13 7s d.
Ssles. 100.000 pounds St. Louis. July at 4 40c.
Spelter firm. 8.70 8 8.75o New Tork; S.4S
CI 45c East St. Louis. London, 15.
Antimony, dull; Cookson's, 8.10c.
Iron Cleveland warrant, 40a lOHd In
London. Locally Iron was steady.. No. 1
foundry Northern. 811013.38; No. 2 North
ern. 814.78 013; No. 1 foundry Southern and
do. soft. tH.7.filS., .
""With my investi
gation, I would bo
willing to pay 50
cents more per square
yard for b i t u litbic'
than for any other
paving on the mar
ket," Bays Mayor
Weinberg of Colfax,
Wash.
THREE GENT SLUMP
Wheat Drops on Fear of
Forced Liquidation.
BANKS . MAY CALL LOANS
Wholesale TTnloadlnj; In the Chicago
pit Short Selling Adds to, the
Pressure Bullish Report
on Canadian Crop.
CHICAGO. July 14. Fear of foroed liqui
dation, through tha calling of loana by banka
had considerable effect today In causing
wheat prices to smash. Record-breaking de
liveries of new wheat from th farms put
trad facilities undsr a heavy strain. At
on tlm th market showed a fall of mor
than thre cents for ths July option. Tak
ing tbs list as a whole, latest figures, how
vsr. wer at a net declln of but l,c
2Uc Corn finished with a gain of H 8 He
and oats up HCHc Th ontcom for hog
products wss a loss of 2 V4 15c
Wholesale unloading, hedging and short
selling mad the pressure on the vcheat
market tha greatest sine the and of tne
big deal here In May. The Impresalon spread
that tha principal longa wera letting go 01
holdings not only In Chicago but also at
St. Louis. Meanwhile, arrivala of wheat at
primary points totalled thre tlmea aa much
aa a rear ago, and six times aa much a
two yeare ago. Coupled with thla extraor
dinary condition, there wa a notlceabi
timidity all through the trading, the rea
aon being tha possibility of unexpected de
velopments as a result of the closing up of
the affairs of a house formerly promlnant in
the pit. Moreover, practically all th cur
rent news of the day had a bearish east.
A notable Instance waa an official report
declaring the condition of th Canadian crop
to be 12.5 per cent better than at th cor
responding period 12 months previous. Tha
final straw, though, cam from reluctance
of would-b buyers, who wers restrained by
an Idea that th banks might withdraw
support from operations which might ap
pear to be of an unduly speculative char-
... v3.w-.,. . 1, nnnlnr and th Close,
September, tha most aotlve month, rangad
from 87to894c closing weak at 8Tc a
net decline ot I'igtc
Th. eom market waa extremely nervous
and Irregular, but constantly higher than
last night's level, despite th weakness of
wheat. Leeding bulls were buying heavily
In an effort to stampede th short inter
ests. A prominent exnert Issued a statement
,v,. at tin. 000.000 bushels
hbelow that of 1910. September fluctuated
between 68HO ana T406
firm HO4C up at 87CHC. Cash gradea
were In good demand. No. 2 yellow finished
at 678 Vic.
Oata were purchased actively by th same
people who headed tha buying of corn. There
was. however, a treat deal of profit-taking
by longs, and more short selling on tha part
of cash housea and shippers. On author
ity predicted that the new crop would not
exceed 700,000,000 bushels, as compared with
1 loaoooonn bushels laet vear. man nnu
lA nnlnta reached by the September option I
. ' . . -. . 1 . V. 1,.. 1
during tne uay were 1 t v w.,m
saa i0c net higher, at 47 4 0.
Th provision pit had a deserted look, be
cause of the overshadowing Interest In
grsins. Pork closed dragging. 1015o net
lower, lara orr 2V9g aau nua uutvu ra
& 10c
Th leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
July 4 .88 $ .S 8 .85 x
sept ."sit .en.
Pec .. .- .
May . -e
CORN.
July 63H .6 .!Jt "ct
sept .kits -i ::
Dec 647 .45V, .64H
May .d6i 7a .8S .664
OATS.
Julv 4 -47 .4BVX .4011
Sept.
47 ,.474
4S s .49-4
.444 .474
.4Se .4Ss
.50-A .5114
Dec.
May.
.51 .81 Vi
MESS PORK.
Sept 15.92H 15.82V4 15.77iS 1S.59
LARD.
Sept - 87 8.87H . s.tivi
Jan 8.40 8.42 H 8.40 8.40
SHORT RIB3.
sept 8.50 850 8.40 ;;
Jan 8.16 8.17V. 8.10 8.10
Cash quotations war as iohows:
Flour Steady.
Rye No. 2. 83c.
Barley Feed or mixing, 70985c; fair to
choice malting, 81.08 91.14.
Flaxseed No. 1 Southwestern, nominal;
No. 1 Northwestern, nominal
Timothy seed 19 13.50.
Clover $9 15.50.
Pork Mess, per barrel. 815.87V. 18.
Lard Per 100 pounds, S.30.
Short ribs Sides (loose), 87.62 Vi 08.50.
Oraln statistics:
Total clearances of wheat and flour wer
equal to 74.000 bushels. Exports for tn
week, as shown by Bradstreet's. wer equal
to l.SOl.000 bushels. Primary receipts wer
1.629.000 bushls, compared with 635.000
h'i..hjia the corresDondlng day a year ago.
Estimated recelpta for tomorrow: Wheat,
424 cars: corn. i8 cars; oats, 118 cars; hogs,
8000 nad.
Recelpta Shipments,
wto.ir harrela 14.100 28,900
Wheat, bushels 641.200
139,200
257,200
879,100
"V.ioi
Corn, busheia .
Oats, bushels 164.800
Rye. bushels ,V5?i
Barley, bushels 18,000
European Grain Markets.
LIVFRPOOU July 14. Wheat. July. 6s
ini.,1- notobar. 8 8d: December tig 9d.
Weather clesr.
English country markets quiet.
French country markets weak.
Minn capo 11a Wheat Marltet. .
MINNEAPOLIS, July 14. Wneat, July.
D4lc,; September, 94Tn5c; December,
08V4o: No. 1 hard, 74c; No. 1 Northern.
BdV.e714o: No. 3 Northern. 68Vi9oo: No.
8 wheat, 91V. Mo.
Grain Markets of tha Northwest.
TACOMA, July 14. Wheats Blueatem, 63
000c: fortyfold, 87c; club, 85086c; red Rus
sian. Wo.
SEATTLE, July 14 Wheat Bluestera,
2c; fortyfold, 64c; club, S3o; Fife, 83c;
red Russian, 81ci oats, 828.50 per ton; bar
ley, 824.50 per ton; bags, 87.25. Csr receipts
up to noon, wh-wt 1. oats 2, hay 4.
THE BARBER ASPHALT
PAVING COMPANY
Constructs Asphalt and othr Blro
Cloous Pavsments. 8C8-608 Electrl
bids. Portland. Or. Oskar iAuba.
Manager.
TRATELETtS OTJTDB.
STEAMSHIP
nESERTATIOJIS ASO TTCKTETS
DOIWEY B. SMITH. MANAOEH
General Steamahip Agents)
AJ.L LINES
09 Fifth Strewt Portland, Or,
NEW YORK PORTLAND
REGULAR fKEIGHT BERVICSj
Lor- Rates. Schedule Tina.
iMERICAN-HAWAIlAN S. S. CO.
fit Mail way Exohauge HldsJ.
Main I8TI.
Altai.
NEW ZEALAND AND AUSTRALIA
(Cnlon Line of Z-l
TtA TAHITI AMU WKLXAGTOS
Direct thfuusS eteamera, aalllng fromBaa
FranVlaeo, July 6 and everyS flays. Well
ln0 aad tack, lat clan, 1204, Either rates
.fi low. Th. Un iq Isles f th Sontn be
For rssawvatUne s.. Coupon RaUroadAe-nta,
W ailreas" Qsaanlg al, aV Ca- ta iiwaoa,,.,
The Capital Stock
of
LUMBERMENS
NATIONAL BANK
has increased four
fifteen
CAPITAL STOCK MARCH 1, 1910
$250,000
CAPITAL STOCK JULY 6, 1911
$1,000,000
ON FIFTH
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital - - - $1,000,000.00
Surplus Profits $900,000.00
OFFICERS:
AVC. AIS1WORTB, Prsld.nt. R. W. 8CHMEER, Cashier.
T4 LEA BARJTES. VIee-Prealdent.
A. Hi WRIGHT, Aa.Utant Cashier. W. A. H01VT, Asalatant Cn.hler.
LETTERS OF CREDIT AND TRAVELERS
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on all FOREIGN COUNTRIES
LADD1 TILTON BANK
Established 1859. i-
Capital ' $1,000,000.00
Surplus and Undivided Profits ' 800,000.00
Letters of credit, drafts and travelers' checks issued avail
able on all' parts of the world.
Corner Washington
First National Bank
Capital $1,500,000
Surplus 750,000
sf
Oldest National Bank West of the
Rocky Mountains
TRAVELERS" OCIDK.
OFE3I IUTES X8ANSFORTATIOM CO.
n.n at i i i a
D 1 XV.J.rM. 1 trtli
Frslght receded
dally at Oak-at. doe
for Tne Dallas,
good River. Whits
falmon. Umatilla.
Keanewlok. Pao.
Blohland, HnrorJ
Whit Blafts. '
ton. Idaho, and la-
- .(aa aaanlntaaa
- a a ,alTlk.TrTa
FAKL 5U LU1!
TO HOOD B1EK 'WHITK BAIJtOM, THB
- P A Is 1 fc-m-
xV k.
BraaUwwSd. Oa I
Mcs. Pbon Mala 8ot- A aai,
COOS BAY LINE
STKAMKW BWUKWATEB
slia (mm Alnsworth DocSl. rortland, t
a. u JunaloTlll. S8. 0S.J1?.0- "k
ft. SoTand vsr B days. Freight received
it Ainswbrth dooa dally up to & P. M. Paa-
lira, nrat-elaaa. flOl savond-olaaa,
rnoludmi isauJaZa bsWh. Tleket olj
ir Alnsworth Doea. Phones Mala 20
Mala 1T0. A laa.
San Francisco, Los Angeles
and San Pedro Direct.
IteTth Faa)fl , CaVf B. . R
aad 6. B, Midas sail ovary Wednesday alt.
i?ir t " . mT 3ik oiiio m Tair
St., aeas Alder.
taAOTQf , mOLEI, Paaaenres Aswaa.
att.UlV-'-
Willamette River Route
Steamer Oregona for Balem and way land,
hiss, Monday, Wednesday, Friday, 6:48 A. M,
Etoamep Pomona joy Dreaop f,"'. JallyJ
8 A, 3 8 P, M., Sunday P A, M., and
tTavlosMaeea Pwati, Phoa Mftto i
WW
the
- fold during the past
months
AT STARK
and Third Streets.
TRAVELERS' OUTT1I1.
AMERICAN
WHITE STAR
RED STAR
ATLANTIC TRANSPORT
. WHITE STAR DOMINION
Canadian Service.
Co.'s Office, 619 d are., Seattle or
C. W. Stlncer, 254 Wash. I A. II.
Charlton, SS Stor.j i F. It. Johnson.
U 8di E. r Jlalrd, 100 8di l. B.
Smith? 68 Bth, H. Blckson. 128 8d.
The Tourist Hla-hway
and eoanlo Bout to Surop
via
The Bt. Lawrano River.
Tha Bhortsat Ocean Passaia,
Leas than Four Days at Sea,
by the
"EMPRESSES OP THE ATLANTIC" ,
Weekly salllnis Montreal, Quebea to Liver
pool. First cabin. 0 second cabin, 131.231
ins-class cabin (called second cabin), 47.10:
third cabin, 1ST and 131.20. Ask local
asents. P. R. Johnaon, O. A,. 1S Third bt,
or J. J. P crater. T. P. A. 713 Second ave..
Beattl.
6AN rBAJfClSOO "S PORTLAXD STEAM
SHU CO,
San Pmnel.ro and Los Anselea Direct.
Prom Ahisworth dock, Portland, A, M. !
ceV, fear July 7. Boa City , Boaves 87,
Prom San Franelsoo. northbound, 13 M.i
8S, Boa Cltv auly 15, Beaver 20, Beas Si.
JTrora 6an Pedro, northbound, U M, :
ss. Beaver Jury ts, near iww ur sa,
&, A. Mosher, Q, T, A.. 1 Third St.
JT TV, Ransom, asront, Ainworth Dock,
Phases atara eva, iu e, a iiua
CANADIAN mmm
STEAMSiPB
I
t