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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 25, 1912)
TTTC MOKyiXO "OTvEGOXIAy. SATURDAY, MAY 2.V 101- - , 1c" GH PRICE 10 RULE Hfee Not Likely to Be Affect- ed by Federal Suit. STORY OF VALORIZATION lj large Crop tan Rrins Ahonl ourr Marart. and Thre Are ol Likely ! OiTur for at I.cat Two Year. -. c"e "rlelln scheme nae Teeea ism in tr-e et'enti-wi of the public by rr.tlulion of a Federal suit against th erl.en Mrn of lb. prr.)en. A at' l of th. MWrrv of In chem. a - ed nr Interview with local eoffeo Im re and retere. follow: our. r" and all jeare av of'ee w ... n ilinili thai three-fourth of th. ees In Fraall wee. onaM I" produce ante. excepting at a loee. tn p - I- nr'ri rarae a pamper crop, the jest ever harveeied. er.d manr K h.nhriiM aad am aheolutely onaei. sar toolr tasa ao something tied to h. ... a. Th. ii nrlullo, wee oo i tfimitniii of the Fiat of W In. backed by th central rnut of sit. two veers to rod a man to finance valorisation tcbotit. A a result. TJ.- - ..4v.n-.,4 kf rarh'n In .-lend. rraiK-a. Germany and th felted ee to buy KRt a,o.rt base of coffee ; , th orders-ending that they war. to taken from th. market and "ld during urs of yeera not raor than eortato pre yed rtuarinlee to bo a.v.J In any on year. v scheme ii something entirely new there wa a wood deal of chanc taken th barkers, and. therefore. thT no t charged good profit for th. money. It happened that tlto nert avral years crop waa somewhat arnall and tha con iptlon kept Increasing- The prlca wont in that th Oevemment today la In very d hap on th remaining atock of val uation coffee, and ha accomplished th lit desired, namely, th advancing tha - of eoffeo to ,uch a figur. aa will per rower a profit, "h real trnubio la. however, that tha em want an well that tha speculator 1 wr Interested ehoved th prtc of "ee up a little too Men. Had th advance o only from to : rents, tha Oovera it would have come out mora than whole tha grower, would b makln a nlca rtt on their plantation, but when It waa ved tip to Is.'-, centa for an ordinary ,lr green, the consuming public Justly ,p,slned. A th frowln, crop aeema by aorounts to be or of tha amalleat la 1J or H years, however, ther I I at lifcein.ood of any reduction In prtc. o onl- thing that will brln about er price la a uccealon of aood btf pa. ThU, evcrybo"ly In th eoffeo manu urtn buelnee hopra for. but In rlaw of fact that th government In tha prin t eoffe-rowlni atate. Sao Paulo, haa rlrtcd th production or rather th Ttlng of new trere. ther Is no great llk od of a very heavy Increase for a sum - of yearm. Therefor It aeema probable -t high prl-ea for the cooaumer ar likely rul for at leaet two year, and probably n longer. HTR.loBF.KKV PlUt E3 rrw-lng Lwcai BeeevMa Cat lata Trade la loritla. h strawberry trade yesterday was very re. but prices brok all sound- There a full supply of California berries, but sllvra held back, owing to the Increasing slpts of Oregons. and the norma thsre s scl.l at Uwer prtcea. toi:mra nought (I a crate ard Jeealna sold at Socrjtl. gon berries were quoted at I -" 3 rf S 1$ a le. The Quality of th local receipt 1 leavee much to be dvalred. berries were steady at (1 50 a box. with ..id den.an.I. tWseberrle were quoted 5B cents a oound. V fine car of Colegrov tetnona readied street and another car Is due next week. no of the California packers are now ting up an Improved pack of lemona I b Is equal. If not superior to. what f been known aa the btgheet grade ;ona 'otatoes of all kinds are firmer. Nw atoes hat advanced 40 centa la Call a a. and Ihia haa Increased the demand old Oregon rturuanas. which are Sft cents her on th San Francisco market. (k r lTCKt IN vtll4r TK.UK eta Hag Market Mlffewew by treed Owe) Prwopwts. "he same tack of interest In the wheat rket Is bown by buyers, and when they m't bule on a lot thev are generally eral cent nad-r the market. Holder still m the same In. Inference, and trading la. refore. practli-ally at a standstllL "Tie brilliant cr.p prospects In the North- t have sdde1 a god deal of flrmneea t grain bag rrket. Vvekly ferelrn wheat shlpmrnts were aa ow; This week. It e v. j,t voir. ren'lra . .IT; 1 K 1 o.0 ta I a4 ' .teieel 1 wv .oral receipts. In are. were reported by Merchants' Kvchang. as follows: Wbeat rieriry Flour tata Hav n.la. ..: I" .. W ,ln.-.da 1 1 1 1 1'' irsday .... 1 day 1" - a r ago .... '? - n to date.l'cv: .tTi r ag o. .. 1 1 C10 ci-l :.l I.MI : .-e ;i a;iei OT HOPS .F.L1. FOR US CKNTS rey bs the (ewtrwee Market Haa. le Large Curat. (yubMdeel. he bop maraet la not d. splaying Its eat strength. Thla easing of the tenaloo to be expected tn view of th uniformity d prospects for the growing crop. There e been heavy operations ta the Oregon itra. t market in the past In days by -es or four firms, but yesterday there a len activity, one er two og the firm swing out entire y. Umrge off. rlnga of new crop, br growe-m, have made it easy buy at 24 cen-s !ome of the growers terday wera dlap.ieed to take S4 eentg If y could not get a quarter. In California, the other haai. the growers are holding firmly for 2d certs or better, havtrg n influenced, no doubt, by the formation the I hlmann pool- The higher prlcee ed In California way have turned the vlng to title state. The At Jama, .t cf III Vale of Mllverton was sold to ileorge K. Dorcaa un'iy at V eerie T6:i lot. through as reported to have been sold t week to a e em aea.er at ceaia e pr'cw actual., paid woo d indicate that 't h'-ea are getting dowa to a parity with t new crop. tana, rleenrlaut. tank clearing, t it Northwestern cltlaa lervl .y were a follow C'es'lrgs Halsn.-ee. rtlai 1 1 1 e . .-eoia Jgaae .: -Ht ( .j ut . 1 T.'t l.'- l.-i --t t: i: a gUAloir UeK PreeeSil face rrtr Villi Held. y.e- dea'es sre teklng orders for next . k g e'lvery g: r-irrent prices, which In stee he st'::-'-a cf the ma-ket. But- pi.c a e'so sirAdllr maintalned &:g ..-ylng is eot t aufflclsnt volume ta move' receipts readily and price ar weak. urroot receipt! are quoted at coals. Poultry aad dreaead meat were steady and vechanged. Grata. rVewr. Fred. Etc. WHFAT Trmrk p-l-ea: Ploestem. tl: club, wiv": red Riiao. 5"jlrc; Valley. Mas:; --foid. wc V ILLHTIfr'S-liran. per ton; short. I " iv. rr.iddllnjs. (11. F1.0VR-P:nls tVIO per 'r'?' trslahta. I .70: exports. $l : ii.Hr. J.1. graham. 5 10. who:, wheat, tv: ruHV Whole, t : cracked. HO per ton. H At Timoihy. lUt'lM: a. fa. I. clover. IS Be. oeta and vc-ch. lU-iO. graja Ia l N. 1 white. m.0 per too, Tecetahae aad rnlta. BKnRIEU Strawheme. Oreron. CH M per crate: Florin rhrMl&w Pr crate: I TmiririL KKLITS unMw. navels. gSJofllll. CslKornia grmiefru.t. Il'"l' lemons. Mvii" per boa. pincapplca. 6c per ""rREjJH TRl'tT Therrtee. ,l-0 per bo; applea. old. tl z:.tt per box. J rurATi.'Ea jobtet P"c: .En . old. 110 1 iO per hundred; new California. t per pound. ONION Bermuda. ll.SOfM Pr crate. KiitrAM.;-. ArtHM. ;3tJOC per closer . asparagua. c per crate; beans, l"ti:ec: cabbage. 3C-c pound; cauli flower, li'i per crate, celery. Jioa Pf crate; cucumber, (la I SO doten; eggplant, lie per pound, bead lettuce, (!. per crate; both .use lettuce. IVt (I Pr box; peas. 4HwV per pound: peppera. 2So per pouna. radishes. ISeliUc di.fn: rhubarb. p-r pound; ep.narh. 40o per pound; toma toes. (4. JO per box, garlic gg lue per pound, nalry aad Cewatry Prodacw. BITTER Oregon creamery batter, etlbea. er asUd.pexk. 21a per povmd: prtnta la - KOni Freeh Oregon ranch, candled. 210 per usen: eese count. l-tc. Clltt.-'t urexm Xials. lie par pouna. Your. America, lac. PORK Fancy. It 11,0 per pound. VEAL Fancy. UullSc per pound POt LTHY Hens. Hult-lC. broiler. -0 fI3c: duck, young. llec; geeae. 10 lie; turketa, Uve. l'c: dreased. lit. staple Clwt ertea. ALSIOV Columbia Rive- one-pound tal.s. (J :i per d .sen; eight-pound taJ.a, ti.i: one-pound flats. (io. Xiaaka pink, one-pound ta..s. (l.Hi ,,-. COFFEE Hoealed. la drums, l0we per pound. , N via Walnuts. llHe per pound; Praxil nt-ts. l.lc; filberts. llSc; ai tr.onda ITgJlc. LCanuta. Joe. cocoanuta. pije CH per dosen; cRestnuta. 1J0 per pound; hickory nuts, st, io per pound. honey Choice. 9" case: strain eu honey, loe per pour.d. halt Oranuisted. (la per tea: aaif ground. lut'S. l9.io per ton: so. ( per ton. BBANS Small write. d5o. large white, c: Uma, tc: pmk. SVC Mexican, let; bayou, ac HK'B No. 1 Japan. cheaper gradea. Southern head. g0"ic. ht GAR Ury granu.ated. (l.i: fruit ano berry. (5 4. Honolulu plantation. (5.u. beet. (J-tj; extra c. (Hj; powdered, baxreia. (o e: cubes, barrvla. u.a5- DKIED l"RL ITS Aup.ee. 4e pgr pound: apneota. 11SVc; peachea. 1214o. prunve. Italians. 10 H 6 1" Xe: silver. 10, ilge. whit and b.ack. a fT? ISe: ral.lna. loose. Muatalsl. 7 Hoi bleached Thompson. lUc unblearbed Sul tenas. gcl seeded. T S S o 1 date. Pap. aiaa. SVae pr pound; raid. (l.0 t" aaa. HAMS All alaea. lTBISc; skinned. 17 lc; picnics. 12c; boilsd, 2dieo. baLu.n Fancy., Ua4,ti choice. 10 Vs SI Isc Ullf SALT MEATS Backs, dry salt. 1 1 H tJUC. backs, siuosed. llltf lc; bel.lsa. dry salt. 13Hc; belllea. awioked. lio. UA KU Tletce bas.s. enolce. U,t; com pourd. 9o: leaf, threa-pound peua, (a.e0 Pil"TULANEOr9 Plgsf feet. kits. (t.U: llced beef. Inside. (i per ease; drlsd beef. Inside. 2oo per pound: bologna, caavee back 10 Sac; xulnced bam. 12o. Hope. Wool and Hide. HOPS 11M 1 crop. saH3c; olds, nominal; 1U12 contracts. 24w-oc itliAii, 1'hoi e. -i-'c per pound. WOOl- Eastern Oregon. 1.4 1'" PJ pound, according to slirlukage. Valley, lg sj 11. per pound. PELTS Dry. 12loe: full wool butcher pelts. l2o1.73; shearlnga. In v IOC HIPKti plaited hides. Utilise P pound, salted calf, "uu-'le: e-ilted kip. list l.'c; green hide, luc: dry calf. Mo. 1, oc; Iltl.: green stags. ISTc. CAlK'AKA Per pound. Sl(4. No 2. -oc: dry hides. lSnioc; salted stagg CHAIN BAii la ear lota, 8"c IJneeed Oil aad Turpentine. "I.INSEKD Olte Raw. barrels, Jc: boiled, barrela, hoc; raw. eaasa. hoc . boiled, caaea ue. ONLY SHEEP RECEIVED NO CATTIJi OH HO;S REACH THE STOCK YARDS. t;xxl-SI-d Bnnch of WfLherg Sell at $4.50 Load of Tfarllnit Itrlnc Si. Five cars of sheep reached the stock yard yeeterday. but no rattle or hnga. A load of the latter, carried ovtr from th preceding day. waa aold at (7.40. Th hep were moved within th quoted range of price. The principal sale was a bunch of Sii wrthere. which brought M A load of yearlings sold at (4. A few small lot of Poorer grade sheep were taken at (7 J and 1-1- -o. Receipt yeeterday were Psd aheep and 72 horses. Shipper were F. H. Miller, Condon, t csra of horses: Jsmee Mace, Phanlko. 1 fir of aheep. F. B. Decker. SUverton. 1 car of sheep; and Leo K. Hruce. Grand Ials. Wash.. 2 csrs of aheep. The dny'g aale were aa follows: , Weight. Price. IP sheep -;; 14 .., hJ e 7 4-J she. p 14. yearllngg ........... 1T 3 2.1 79 4' o, 4 JO 7 hoes " The range of prices at the yards waa aa ChooV eleern .!' i.;.d steers .eOy J 4 Medium steem ........... t-'H J Cliolce row - dot'ir 6 23 Good cows a-.,' I' Medium cows !"'! 3 jO Choice calv T.on ) 1 .. 5 Good heavy calve BovJ IM Jiulla ll'1!! 4 gtass 4e4j as , ilh't'T. T.saej goo Heavy ' , 'w 7O0 Tesrllng 4.'o i 3. oo Wethere J-iV 1 ',X Kwee I. Sif 40 gpriiig iambs ......... e-.tf ill Omaha Uveetock. OMAHA. Neb.. May 14. Cattle Receipt, goo tuerket. etruclv. a-!e rf. 1? 'j 9 1'; cow's and heilrns. (.L74v;. W,:ira steers. (4 7SC Tcxsa t re. t .& 0 A Jl. rsnee cows srd helf-rs ( t "e u 2- cannera. (.;S.i; stockers ar.l feedfrs. (1 i 7; calves. (4..'u (.(. bu-.s. sses. cc. IVli'di. Hose Rece:p:s. 02'. mvrket. ic- lower. H.n (7 4o7l: n.:x.-d. ( 7. 40 t 7-t; light. i;--.j;.: pigs. (SiI.ii; bu.k of sees. t-l4'u.3X n.,P Receipts. Sit: market. s-.eafly. Tear.irgs. (.i.oT: weth.rs. (i0tl4.S); ewes. (e2Jii.'J. lambs. l. WO'A Chicago Llveeteck. CHIl"At"M5. May 24. Cattle Recelpta. S.voi; market, quite generally eteady. Beeves. (H. li e . Tnt steers. (4o I.eo: W eetero steers. Kl&gT HO: to--kere and feeder, l'gtj, cows and heiXere. Wan. calves. .V2J.t..?.Y iiogs Reeeipta. l.0o: market, slow and wck to - lower. Light. (7 i it 7 72H : mixed. (7 io72: heavy. (7.iow7 ; num. i:uMi. p.gs. (on 7. bu.k of aalaa, (7 o o 7. act. rineeti Receipts. (000: market, steady te ehde higner. Native. $t. 7.Vi .3; Weatern. l4lo yearlirts. (,Y2. a 7 lamba. na tive. i0o. Western, (.Vi0j. CeTtee aad aograr. SEW TORK- May 24 Coffee fnmree cloeed eteacy at a net decline of to 1( p,v,nts. May. l Vc: June. IS Sic: July. 13 (ev August. 13 4ic; tieptember, October and November. UieV; December. JS.oc: January. la-ftc; February, le-33c; March and April. lJlc Hpit steady. No. T Rio. 14,c: Santoe, No. g lj-,r. MUd. qultt; Cordova. HJliSc nominal. Haw avigar. firm: muscovado, xg test. 3.4 c. centrilugal, u teei. .: molaasee augar. lest. 3 17c. Refined, firm. WEEK'S TRADE BDDD Clearings and Railroad Statis tics Show Expansion. WEATHER IS A FACTOR Serves lo Increase- Retail. Bulness and Aid- In 1oleta!o Distribu tion of Mert-handlstv-Iron and Steel Price AdTanee. - XKW TORK. May 21. R. O. Dun Ik Co.' review tomorrow win aay: The volume of business continue to ex pand, as Is evidenced by the statistics of bank clearing and railroad eamlnga Tb situation last week waa Improved by the much better weather, which served to In crease the retail and to some extent the wholesale dtatnbutlon of merchandise. There waa some lull in new demands for Iron and oleeL but a considerable tonnage la in prospect, and price advance are made more easily. In many line production la on a higher acaie than laat month, the larger planta operating to capacity, and the amounts booked will keep the xnllla busy for several months. Speculations Indicate that th bulk of material ta going Into consumption gad a erarctty Is developing tn baelo material a. Buying 00 the part of th railroad tends to xnak up for tha reduced requirements In ether dlrectlona, car lnqulriea amounting to rully SO.vCO tons, and additional con tracts for over 3s.0Q0 bong of rail Delna noted. There Is only fair activity In wire prod ucts and the quotation of (l.(( tor wire naile la ahaded In some Instances, but tin plate for the third quarter delivery1 hag ad vanced. Two more furnace In the Pitts burg district have been blown In. yet stocks of pig Iron are being reduced In spite of the continued output. Trade In footwear la rather quiet on the whole, but sales are mcreaslnr at a num ber of points, and leather continue very firm. The prominent fact remain, how ever, that tha trade movement, aa a whole. Is considerably larger than last year and buelnes sentiment more hopetuL WARM WKATHER BENEFITS TRADE Cotton Industry la Well Employed Crop Prwopeetg Good. STW TORK. May 24 Bradstreet to morrow win ear: With the advent of warm, dry and sun shiny weather, the agricultural altuatlon waa Improved and final distribution at re tail hae been quickened, though field work by farmers haa prevented much expansion In country trade. In wholesale trade and In Jobbing llnee ther ar reporu of a fair activity, and where early crop prospect are promising ther bag been soma quick ening of demand. The cotton goodg Industry Is well em ployed. The alight casing of some makes of cotton doea not Impress the trade much because of the etrength of goods generally. New bualneag In cottons at large marketg la moderate. Business failures In th United State for the week ending ?lay 23 were 11. against ::l last week. 23 In the like week of lull, SCO In 1(10. In 1'0 and I1 In Hot. Wheat (including flour) exports from the United States gad Canada for the week ending May Zt aggregate i.(9.gt( bushels, against 4.027.311 la-it week, and l.(4.1i this we-k last year. For the 47 weeks ending May 21. exports are 1. . bush, els against 11.080.010 In th corresponding period last year. Corn exporte for the week are 137.211 bushels, against gl.tSO last week and 434.- in 1(11. For the 4T weeks ending May 23 com export ar (2.9,(3 bushels, against 4.3ul.le7 bushsla last year. Bradarreeyt Bank Clearinga. NEW TORK. May 23. Bradstreefg bank clearings report for the week, ending May 23 shows an aggregate of (3.3(2.64.000. aa nralnut (:i.4Ho.v'4.1,OIM last week and (3,- tv47.34e.OOO in the corresponding: week laat year. P.C. Tncreaee New York (l.o.s.-.1.0iMl 6.1 Chicago 28.!'4.0IU IS. Boston loo. 170.000 13. 0 i'hliadelphla 1 1 ft, s 1 8 000 2.3 St. Louis 711.217.000 10.7 Kansas City Sl.u5H.0oO 13.7 1 ittsburg SH.576 000 2O.0 pan Francisco 4S.71S.0OO Id. 5 Haltlmore S3.422.0OO 14.1 Cincinnntt 27.7uli.uOO 22.3 Minneapolis 17. OOO 8.2 .New urleans !7.70.0"O 21.8 Cleveland 21.717.000 22.5 Detroit 24.o00.0OO 33.2 Los Angeles 2...243.0O0 ai.8 Omaha JS.MO.nno 4.1 Milwaukee 12.M4.0oO 7.3 Liulavtli !. 42.1.000 20. T Atlanta lli.076.OliO 12.0 Portland. Or. JIJ0.0O .I Seatt.e ll.nnO.OOO 0.0 St I'eul .723.0KI 12.7 UulT.-tio H Oftl.OoO 24.8 (oiiver 8.402.OCO 1.2 Indianapolis .34i.ooo 12.4 providence .02i.W0 13.0 lilohmond 7l'4.tMM 8.8 IVashlneton. D. C T.B4l.mo 10.7 Memphis . . .S70.00 . St. Joseph H4.0oO 9.2 Fait Lake City 14.00 18. T Fort Worth 4.0H1 -2M.5 Albany 6.716.UO0 11.3 Columbus B21N.0OO 28.7 F.tNSnnah 4.34.0oO . 7-. ,1.4. 4.21:i.O"0 "8.7 Nashville S.Mol.OOO M.l Hartford 4.M7.o0 1S.0 Spokane. Wash 4.3N.ooo 11.4 T.cnn.a - 4.448. 000 7.8 Tiuluth 3.062.000 17.0 Oskland. Cal 8 4.12 0.10 17.3 San lieco. Cnl 2 406.0O.1 72.8 ea.-ramsnto. CaL 1.44.iK 19.8 Helena 734.0O0 0-5 Itoise. IM10 71000 8.2 Oc.ieo. I tah 571 0O0 "2.2 Houston 42PM.0OO P4.2 Galveston 16.671.000 29. STAGNATION IN STOCKS WALL- STREET MARKET DtXIi AXI 1-E.VTURELESS. Favorable ShovtHno; Made by Exporl Trade Movement of Cash 1-avora New York. NEW TORK, May 24. Ptagnatlon auch as is often witnessed during midsummer overtook todav'e stock market- Puring the morning there waa a violent opruah tn the tobacco share, but at mid day virtually all this gain was loot. Other at d more obecure stocks roee from 1 to 2 points, but aa uaual the rise failed to elicit ar.y pronouncej response elsewhere. For the rest of the day the market dragged slonf lifeleeely. La-.eet figurca tabulated by the authorities at Waahinglon fully confirm recent vlewe regarding American foreign commerce. It la estimated that exporta will approximate (2.200.000,000 and imports l.tw0.00.00k leaving a balance to our credit of (6i. voo.ouo. Raw cotton again lead tha exporta and coffee the Imports. Western reserve center wera strong In cash and aa yet there are no Indications that thla part of the country will be called upon, beyond a moderate extent, to finance the harvesting. Throughout the bank week the movement of cash bad favored thlg center. The only domestic drain on local reeerves he been occasioned by transfers to the Pacific Coast, another shipment of (1,000.000 having- been ma le today. The bond market manifested a better tone, with strength In the loral traction and Seaboard Airline Issue. Total galea (par va:ne, JJ. 040. 000, United State bondg were unchanged on call. - CLOSINO STOCK QUOTATIONS. Closing Sales. High. Law. Bid. A Ills Chal Pf 3 Am.! Copper .. T." Uli S2 Am Agricult .. 0- 1 V 1 Am Beet Sugar l.Otaj 73 72W .2" American Can.. 12, 404. Sa 3!4 Am Car A Ply- 4-1 i 3 Am Cotton Oil 0.14 Am HI a Lt Pf Am Ice Becurl.. 1 1"0 2yH 2 2 Am Lmed ... "1 H1 14 14 Am txveomotrve o" 42 a 42 414 Am mel a Ret S.-'O M fr do preferred.. 30O 107- 107 107 4 ino ST4 S71 M 40 lSO'g 130 180 SOO 14o 14i liM lot. 'i"6 "i 2" 27"i Am Woo.cn Anaconda U Co. 1.1'tt 42S 42V. 4.' Atchlaon 21-0 KeO l . I' do preferred.. K-0 1U31. loss Atl Coast Line.. J . ? Kelt a Ohio ... 800 lOti 10 l's Bethlehem Steel 3oo ass, ::s Brook R Tran.. 1, f. a Cansdlan I'aciac 4.J11O 2f-i 22l, 23 Central Leithcr. -' 2t 2-; do preferred.. 100 MS Mi H I Central of S J - 3L"' Chs St Ohio . .. wOO 7 78H 7Si Chicago Alton.. l ChdoGprr'f,rred:: "i"0 'S4H Chicago NW 60 i:i-aW JJ C. M tit PauL LOOO 105 lui'.i 1w C. C. C 8t 1. - Vwi Col Fuel Iron. 100 2"i 2S S Col at gouthern.. loo 43 4S 424 Conaol Gaa .... 2.4CO 14 lll-i 142V, Corn Product.. 8.(00 16 1 ,1 . Del Hudron 1 A R nrande 1J do preferred.. 200 34 r.4 .1.1 DlsUIlerg- Securl MOO 33U 3:11, 33 Erie 1.3"0 37.H r,.." !? do let pf .... 400 US1 io 63 do 2d rf .-i.--" A: Gen Electrio ... 600 171 S 171 J;l Ot Worth pf .... POO 132 131 1SJ Ot North Ore .. 3O0 43 43 V 431 Illinois Central. Ooo, jo7 128 Interbor Met .. 12.1O0 21 21V, J1S do preferred.. 8.7v 1 S Inter Harvester, l.nno 1214 122H 122 Inter Marine pf son !! I"1 $ Int Paper 1.100 19V4 1 Int Pump -o Iowa Central ... 2O0 124 12V4 J J K 'C Southern r $ do preferred.. 4"0 60S "s s Laclede Gag ... 3M 107 l"Ji Louis A Nash.. loo 15S 1.18 1MJ4 Minn at 8t L .. 100 204 204 20V, M. 8 P sY. 0 8 M 1" , Mo, Kan at Tex. -J do preferred.. 4"0 o4 go - 50 Mo PaclSc (41 Kl S8t4 H National Biscuit iMYf National Lead Ja N Ry Mex 2 pf- SOO 81 81 X T Central ... T.aoO 1184 HI . 1JJ , NT. Out ( Wtl J J4 Norfolk West. 122 North American .?3 Northern Pao .. . 2.T01 12S 11 H Pacldc Mall '4.7nO S4i 83 83S Pennsylvania ... l.ToO 123. 12H 12SV, Peoplr'g Gil ... .00O 114V4 H0 114 P, C C Ft L 12 Pittsburg Coal.. 1.600 23 23 28 Preased B Car... ..... ."! Pull Pal Car : 15t Py Steel Spring 10 84 4 84S 84 '4 Reading 5S.4O0 1744 17SV4 17S'4 Republio Steel.. ..... . ..... ...... 2 a do preferred. sv, Bock Island Co 1.500 5714 27 27 do preferred.. 800 K.1'4 f04 St L 8 P 2 pf 100 37 37V4 87Vi Bt I. eonthweet. ...... ..... ..... 82V4 do preferred. ..... 1 Sloes Sheffield . IOO 50 rW 4H Southern Paclfio 1.2-V1 J11V4 llo'4 11014 Southern Ry ... 5.700 S:V4 24 20 do preferred.. 2.400 7314 74"4 T.l Tenn Copper .. 40 4A 4&4 414 Texas A Paclrtc. 24 Tol. St L Wea 1H do preferred. 80S rmon Psclfle .. 11.4cO 171 14 1T0S 17"S do preferred.. 200 pot, 004 prtv, T7 8 R-slty .... Xwa so 70 70 U 8 Rubber ... 8 loo 644 6S 64H V 8 Steel 24,1"" TOU 6S 0i do preferred.. 2v 1104 not, 1104 rteh Copper . .. 2.7on 62S 2 24 Va-Caro Cham 500 SIS MS 514 Wabaah IOO 74 74 7V4 do preferred.. 100 18S 1S Wests Md 54 Westing F.lee .. loo 74 . 74 78S Western Union.. 700 S4S 84 83 S Wheel ALE 7 Lehigh Valley.. 8, 4 oft J7T 1764 17S Chi no Copper .. "rut tn I0'4 20 T4 Ray Consols ... on in 1! 1 Am Tobacco ... 8.7oo 2o 2734 274 S Seaboard Airline 7.SOO 27V4 2-S 24 do preferred.. 11.406 s.-.l 53H, 544 Total sales for the day, 308.200 shares. BONDS. - Furnished br Overbook at Cooke Co., of Portland. Bid. Asked. Amer Tel A Tel cony 4a 114 115 American Tobacco 4a........... "514 .... American Tobacco Os. ........ .120-$, .... Atchison general 4a 1 P0V4 Atchison conv 4s 16 10li Atchison adj 4 stamped WS "1 Atchison cony 5s 107)4 108 Atlantic Coast Line cons 4s H.l 0.1S At Coast Lin "L at N coll" 4s. 14 S 4S Baltimore & Ohio SSs HIS P2 Haltlmore Ohio 4s OJ S 0S Brooklvn Rapid Transit 4s o tan Southern first 3s 101 101 s Chesapeake Ohio 4S 1"04 11 C B at Q gen mig 4s I"1S C B Q lolnt 4S , V6V1 90S C B at Q Ills 4s. J. US' 1'US C B a Q Denver 4S " Central Pacific flret 4a 0'S 3 4 Chicago at East Ills 4s SO , .. - Chicago R I P ref 4s S 5? Chicago R I P Col trust 4s... 70 0S Colorado 4 Southern first 4s... R.i4 PS TVeevee A Rio RrtnilB i 87 S8 Del A Hudson conv 4a eSS ts S Krle first cons P L 4g..... &0 h Int Met 4S Japanese 4e S.. Japanese flret 4S" 1 .. . uennrf tUl 1 MS 87 ; v ? ,,i a. SUV 9H Mo Kan & Tee 4Ss s Missouri Pacific 4s New Tork Central 8S -New York Central L S 3S New Tork City ..... New York City 4S t l3i 72 73 . S3 S3 . h2 82 S . m:i 931, .107 107S . SSH 9KS Norfolk 4t western ti.. Norfolk Westenp conv 4s iiwi ivoh.rnp.Tif-pL-i.::::::: j o Northern Pacific 8 n o9V Oregon Short Line 4e JjJ Oregon Ry N " Penna Ry 4e of 194S Philippine Railway 4s.... Reading general 4s D-..o.ii. CoKe ft. 98 .luu 102 86 S . 98 9S 103 "4 Southern Pacific first ref 4s J 95 . vj.iri. 1 Am 91 91 H Southern Railway 4a JSJ4 7S !e St L a S P ref 4... SS i nion Pacific flret 4a.... 101 101 Union Pacific conv 4s .....1M J 1"2 Union pacific ref 4..... 0H J United states Pteel 8 F 5s 101 S 10JS United State 4s coupon 114 115 T-i.t n,Het. 8 Fit... 8i 6H United Railway 8t L 4 JS ll'abanh flret 4s... es western v. m.v... p. t- o. i Westlnghous. conv 5a.......... W vi iioAsin Csntral 4 1S West Shora 4s 100 Stocks at Boston. BOSTON. May 24. Closing quotations: Hones ........ 43 Mohawk 2S Arnala Copper.. 8.1 Nevada Con .... 22 A Z t m... 2S!Mpllng Mine. 7 Xrlxona Com .. 3 North Sutte..... 2?V i Ti c a- 8 M. 7 V North Lake 6 Cal at Arixona.. 72S,01d Dominion ... 65 Cal a Hecla....4S3 Oeoeola 11S "itfnnlal 24Qu.ncy fs Cn Kan Con Co 50 shannon 1-1 T But" Cop M. IS Superior 84 franklin . ISS.Sup Bo. Mln.. 21 Olroux Con .... 6 Tamarack . 42 grwn.' Cananea. H T.do preferred... 48 I Rnvalle tCopl 21. Utah Con 12 K,n U...... 2 I tah Copper Co. 2 r.i ' Tprver... 88 S Winona II 8alPCoppr 6S Wolverln 1014 Miami Copper... a6l Money, Kxrheng-o. ISto. NEW TORK. May 24. Money on rail, steadv 2 6 2 per cent: ruling rate. 2; elo'lng bid. 2: offered at 2S per cent. Time lo.ne. ateady: 60 days. 3 per cent: po da.v. stt 3 per cent; six months. 30 Prfme mercantll rper. 4 fr4 per cent Sterling exchange steady, with actual busi ness In bankers bills at (4.84O0 for 60-day Su" and at $4 8720 for demand. Commercial bill. (4.83. Mexican dollars, 48c. Goeernment bonds, steady. Railroad bonda, firm. Bar allver, 60 c 1)NTKN. Mar 24. Bar gilver. quiet, 2Sd nerounce; money, 2 per cent. The rat if dlecount la the open market for short bill U li Pr cent; for three month bills. 8 per cent. SAN FRANCISCO. May 24. Sterling on London. 60 day. (4.84: do. sight, I4.8T. Drafts, lht lc telegraph Sc. Condition of tie Treasury. WASHINGTON. May 24. At th begin ning of buaineee today the condition of the United States Treasury was: Working balance In Treaaury of fice." S6.90J.311 In bankg'ind Philippine treasury 't4.17S.970 Total balance In general fund... 121.904.798 Ordinary receipt yeeterday 2.400.217 Ordinary disbursement ....... 3-247.840 De'lclt to date this flecal yegr Is (12. 2O0.S76. as against a deficit ot (600.626 at this time last year. These figures exclude Panama Canal ana public debt transactions. t bjcaete Prod tree Market. CHICAGO. May 24. Butter P toady; creameries. 23026c: dalrlee. 21 6 24c. Eggs Weak; receipt. 18.548 cases: at mark- cases Included. 16 317c; ordinary firsts: 1581l flrta. 1717c. Cheese Steady; daiile. 1515e: twins. 15ylc: Young Americas, 139 lsc; long horns. 15t915c Suger Advmncee at New York. NEW TORK. May 24. All (radeg of re fined eugar were advanced 10 ceaia a hun dred pounds today. Am "teel Fdy.. A ru bugar Ret.. Am Tel a Tel . . Am Tobacco pf. United States z registered ' United Stntes 2s coupon 10O. 101 J4 United Statee s registered 1 2S 10.S United Statee 8e coupon... i"r JVT? . - m. i.rM ill 1 1, v FIELDS TURN BROWN Kansas Reports Start Wheat Prices Soaring. THEN RAIN CAUSES DROP Rally at the I-ast Restores Part of , the toss Setback In Corn Due to Selling by the Country. CHICAGO. May 24. Kansas made price today for the wheat pit. The trade watched almost exclusively the varying newa from that state regarding weather and crop. Expert declared that the question of a surplus yield of wheat to ofTset the big loeees in the Central State wa hanging In th balance and that the outcome aeemed to depend on Kansas. Assertions of actual damage war received today from pans of the glate. According to soma advlceg conditions getting worse a the result of heat, wind and drouth. Flelda In Western and North ern Kansas were reported to be turning brown. All this sent the market here eoar tng. Then came dlspatohe telling of ram at several points and thare waa a collapse of prices all around. Just at th oloee wheat speculator wer again upset by bearing that the rains In Kansas had proved to ba only eprlnklea, A rally was In progress whea th gong- put a atop to business. Increased selling br th country acted with the decline in wheat to cause a set back In corn after an earlr upturn. Continued good demand for caab oats upheld the future deliveries of that cereal. Provision price drifted, but for the moil part ended the same a 24 hour before. The leading XUtures ran sea mm lunu". WHEAT. Open. High. Low. Close. Mar ..L14X 1.1S4 1.JT4 July 1.10 1.10S 1.09S 1-1? gept. 1.04S 1-05 l-44 1044 Del 1.04 106 .0Vi 1.014 CORN. Mar 1 ."S .SI juir el.... ,ts . ,t;j .tjs v.n8 Sept, 7.1 S .74 S .73 S .14 DecT .1 83S .64 S .3S .aS OATB. Mar 5814 -54 .58 .53 July .50 .604 - .40' .6014 Sept. 42 .42S .417. .42 DeoT 48V4 .43S .42 .43 MESS PORK. Juir 18..1S t30 18.85 J-; Sept. 18.35 18.33 18.27V4 18-37 LARD. July 10.50 10.65 10.30 10.57 Sept. .....0.72 10.83 10.72 10.72 Oct. 10.80 10.87 10.77 10,80 SHORT RIBS. July 10.13 10,27 iai2)4 IO-" Sept. ... 10.27 10.37 10.23 !. Cash quotations wera aa follows: Rye No. I. 0lc- ..... Barley Feed or mixing. 75G(5c; fair to choice malting. il.l4tl.23. Timothy' need S7 01Q. Clover seeii (143)20. Pork Meas. (18. J7 18.50. Lard In tierces, (10.45. Short ribe oose, (10.11. Oraln statistics: Total clearances of wheat and flour were equal to (48.O0O bushele. Export for the week a shown bv Bradstreet'. wr equal to . 800,000 bushel. Primary receipt wer 304 000 bushela, compared with 612,000 bush els the corresponding day a year ago. Esti mated receipts for tomorrow: Wheat, II cars; corn, (0 cars; oata, 8 cars; hogs, 1L- 000 head. Grain In San FTanclsco. SAH FRANCISCO, Mar 24. Spot quota tions: Walla Walla (1.81 1.82 : red Rus.iinn. (1.82 1.834: Turkey red. (1.81 l.tS2S; bluestero, (1.82 fflU.bS; feed bar lev (1851.87S: brewing barley. (1.95g2; white oats. (i.0i2.05; bran, (26S26.50; mlddllnits. (3si?34: shorts, (303A5O. Call board sales Wheat December. LT7 arked. Barley December. (LSB; May. (1.90. European Oraln Markets. LONDON", May 24. Cargoes, quiet. Walla Walla: May shipment, 89a 6d; October and November shipment, 87s. English and French country markets, quiet. LIVERPOOL. May 24. Close: Wheat May. 7s lld: July. 1b 8d; October. s 6d. Weather, cloudy Puget Sound Grain Markets. SEATTLE. Wash.. May 24 Wheat Blue stem, c; fortyfold. 5c; club, 95o; fife, 85c; red Russian, 84c Yesterday's car recelpts-r-Wbeat, i oats, 2; hay, 14; flour. T. TACOMA. Wash., May 4. Wheat Ex port: Bluestem, (1; club, OOC MllUngj Blue stem. 997c; club, 98B4c. Yesterday's car receipts Wheat, 10; corn, 6; hay, 1. Minneapolis Grain Market. MINNEAPOLIS. May . CMh No. 1 hard (1.10: No. 1 Northern, (1.14 1 14; No. 2 Northern, (l.iaffll.12; No. 8 wheat. (L10S1.10. Barley 70c (1.20. Com No. 8 yellow, 760. Oats No. 3 white. 52c. Rye No. 2. 687c OLD WOOI, 6EIX8 AT FIB.M PRICES Fair Volume ot Business on the Boston Market, BOSTON, May 24. The Commercial Bul letin will say tomorrow: A fair volume of business at firm prloeg has been accomplished In the Boston mar ket during the last week. Included In the transactions were old Montana and Wyom ing staples and clothing wools, as well as new Utah and Arixonas. A very little fleece wool has been sold. Including a email lot of new combing three eighths Ohio, besides which a considerable quantity of odds and nds of territory scoured and lleeoe dirty -wools have been disposed Of. T,.e The shipments of wool from Boston from January 1 to May 1J. lnclualve. were 111. 527 57 pounds, against 8S.116,(!5 pounds for 'the aame period laat year. The recelpta from January 1 to May 28, inclusive, were 114,130.144 pounds, against ll.360.90( pounds for' the same period last year. BAX FRANCISCO PRODUCE MARKET Price Quoted at the Bay City for Vege tables, Fruits, Etc. SAW FRANCISCO. May 24. The follow ing produce prlcea were current here today: Fruit, Apples, choice, (1.35; common, 50c; Mexican limes, (5 415.50; California lemons, choice, (t; common. (l.5; naval oranges. (101.50; pineapples. (365.50. Cheese 15 e 16 c Buttet: Fancy creamery, 28 Sc. Eggs Store, 18c; fancr ranch, 20c Vegetables Cucumbers, 1.25 S 2; garlic, nominal: green peas. iei-M; string beans. 812c; asparagus, 50cS 11.25; torn toee. nominal; eggplant, 2025o; onions. no'tnaVoes River Burbanks, (1.50 1.73; Oregon Burbanks. (1.60L75; Early Rose. ,;,ay Wheat. (1721: wneat and oats. (126J0; alfalfa, uei4.50. Receipts Flour. 2590 quarter sacks; wheat. 600 centale; barley. 7660 centals; po tatoes. 130 sacks; middlings, 165 sacks; hay, 445 tons; wool. 637 bales. Dried Fruit at New Tork. NEW YORK. May 24. Evaporated apples, qulef fancy. 1010e: choice, 89c; prime. 78c. x . a prunes, tinner, 1 - - vtzv. - - - California! up to S-40s and 7 to c for Peaches, steady; choice, 89c; extra choice. 810c; fancy. 10811c Nrw York Cotton Market. NEW TORK, May 24. Cotton future closed steady. Closing bids: May 1L16, Jun 11 12, July 11.21. August 11.26, September 11 10 October 11.37, November 11.40, Decem ber 11.46. January 1.43. February 11.46. March 1.53. Spot cotton closed quiet and 10 polnte higher. Mid-uplands 11.60: mid gulf. 11.95. 6ales 50 bales. Metal Markets. - NEW YORK, May 24. Standard copper, firm; spot and May. 16.00316.25c; June, 16 lO 16.23c; July. 16.10916.35c; August, 16.126 16.85c; September. 16.12818.35c; London, firm: spot. f74: futures, 74 8g 8d. 'vrtvals reported at New York today, 730, . 1 1 I II! THE UNITED STATES NATIONAL BANK PORTLAND, OREGON UNITED STATES DEPOSITORY Capital ..... $1,000,000 Surplus and Profits $ 1 ,000,000 OFFICERS J. C. AIW5WORTH. President, R W. SCHMEER, Cashier. R. LEA BABJfES, Vice-President. A. M. WRIGHT, Assistant Cashier. W. A. HOLT. Asa latent Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on ALL FOREIGN COUNTRIES LADD & TILTON BANK Zet3tAfcUxae4 1969. CBpHai Stock : a.. .... (1,000,000.00 Surplna evod UiicHvided Profits . . . aa 800,000.00 Commercial and Savings Accounts Letter of oredit, drafts aad travelers' ohookg issued, avsil ahla ia all parts oi tlia Tvorld. OTsP10ERS W. K. ma Pvaatdetat, Robert 8. Jfoward. Aaet. Cask! Bdwetrd CaaklasTsuun, Ttoa Pxwa. J. W. Ladd, Aaat. Caafaier. W. H. Diwcatley, Oaahtaa. Waltesr M. C4vwa Aat. Cssuteiw First National Bank Capital $1,500,000 Surplus 850,000 Oldest National Bank West of tha Rocky Mountains The Canadian Bank of Commerce UICOBI"ORA.TEO 188T. Head Offlc Toronte Canada. London- Or two hundred other branches In the United States and Canada. Erery care taken of collections, principal cities In United Btates Erery care taken of collections. KVUSfSl UUiaius uiwiim eekw. Istexest allowed on Time and PORTLAND BRANCH, SECOND AND STARK STREETS F. C MALPAS, Manager. I iWfAl If it's satisfaction you want, and at the IkJ ''"'V-'r-most reasonable cost, then it's to your ad- p K'ttijc'SSly vantage and profit to improve the street ad- k'; iWiTM jacent to your property with BARBER ; lg ASAI.T. tons. Custom-house returns show exports of 22,842 tons so far this month. Lake cop per, 184'fMc: electrolytic, 16V 16)ie: casting. 1816c. Tin. atrong. firm. 4 8. 25 46. 50c: May, 48.80 646.500; June, 46.254.30c; July, 45.85 45.80c; August, 44.7544.87t,c; September, 43.B644.37e. Cales, 10 tons June. 46.25c London; spot, 208 6s: futures, 210 10s. Lead, firm, 4.15 4. 20c New Tork; 4.02 H 4.10o East St. Louis. Sales. 60,000 pounds August. New Tork. at d.SOc: 50.000 pounds June, St. Louis delivery, at 4.10c; 100,000 pounds June at 4.12lric: London. 18 8s 9d. Spelter, steady, 8.8086.900 New Tork; 62Vs'ff.80e East 8f Louis. Sales, 100.000 pounds June, St. Louis delivery, at 6.87HC; 700,000 pounds July at 8.60c; London, 25 17s 6d. Antimony, Cookson's, 8.00c Iron. Cleveland warrants, B3s lOHd in London. Locally Iron was steady. Naval Stores. SAVANNAH. Ga., May 24. Turpentine, firm, 43'848c; sales. 1300; receipts, 728; shipments. 427; etocks 310- '. Rosin, firm; sales, 2483; receipts, 2248; shipments. 1672; stccks, 65,770. Quote: B. 8.45- D. 6.806.65: E. 8.90T.OO; P, Q. H I7 207.80; I, K. 7.257.30; M, $7.30; N.' 7.S5; WO and WW. t7.40. Duluth Flax Market. DULUTH. Minn, May 24. Close: Linseed. J - 4en eats- 1 2 e g. enlwa in atore ana u n uam, j 2.17 : May. 2.13 bid; July. 2.17?4; Oc tober, l.W DIQ. Wool at St. Loola, ST LOUIS, May -84. Wool steady. Ter ritory and Western mediums, lBlgc; tin mediums. 15817c; fine, 10C15C Hops at Sew Tork. NEW TORK, May 24. Hops Firm. FESTIVAL TAX STUDIED Ad Club Considers Proposal to Sup port Annual Event by tery. r. k.,. f' the Ad Club committee tfxouu.e v appointed to promote the plan of plac ing; the Rose Festival upon a taxation basis have been summoned by John Hartor, chairman oi tne commitioe, m . -. i. lflM, nf the Rosa FpH. meet. i- . . - .r tlval Association. In the Swetland building;, Tuesday at 12:15. Letters have been sent out by Mr. Hartog to the principal supporters of . r Va.Hir, I uiii it ia for the purpose of considering the opinions ex pressed m meir irpn ethee nctlon unon the plan that the meeting- has been called. The Idea or placing tne rtose rn tival upon a taxation basis was Kew York 18 Exchang:e Place. Lombard street. uraiis on aoi iotii b"'" and Canada bought and sold, and a Drafts on all foreign countries ana Special Deposits. kene-nu ot the TtfisB Festival lunch- eon of the Ad Club several weeks age by C. S Jackson, who declared that a tax of a fraction of a mill upon every J 1000 of land valuation in the city would be ample to insure funds for the big annual festival. - The idea was received with interest and a. commit tee was appointed to follow up the matter, and if the plan was determined feasible, to take steps to bring it be fore the people. Another myth of history is shattered by Sir John Macdonnell. professor of compara tive law at University College, London. Galileo, he maintain, did not utter the famous E pur si muove ("And yet lt does move.) "It was said for him 150 years after his death," says Professor Macdonnell. Kan. Hot weather makes sanitary streets necessary.. Sanitary streets make people hap pier Bitulithic paving makes sanitary, streets possible BOOST FOR BITULITHIC 1 J. C. WILSON & CO. ' aXOCKS. BOXDS, UBAIN A-MJJ OOIZUa M.MKii.iLa EW TORK ulOtK iiXCHAJfUS WW YOKii COT-ION tUCUANUl CiUCAOO BOAHJJ OJf TIlAOJi CHS BiOCK ANJJ HON" Ba-CHAitBst, bAi iBA CISCO. Main Office Mills Bids., 8an rraneteew. Branch Offices Vancouver, naalll. fort land. Lo. Angelee, ban ulasa, mf r' Beaeh. PORTLAND OFFICKt afaht wloor JUunbcfmen Bank Tlllllrnaxe , fith and Stark, fhene. Marshall 4120. A dlfl.