19
THE MORXIXG OREUOMAN, SATUKDA. J UXE 29, 1912.
6
SPOT IPS LOWER
Large Block of 1911s Is Sold
at 281-2 Cents.
WILL BE SHIPPED ABROAD
Dealers Cnable to Interest Eastern
Trade In Old Hops or Futures at
prevailing Prices Iillienthal
Disputes Ashby's Statement.
Th miirkt for 1911 hop has bwom-a-utHr
weak aa a reeult of th prweure
of offering- where no adequate demand
exists. The Gore I- Ro lot of about
rr.o balea at Salem waa sold yvterdar at
-fci cent. Tha purchaser wa E. C Ktrk
patrfck. The hops will probably o to
En x land.
The lateneaa of the season Is bringing
the price of spots in line with tha value of
futures. Holders have given up hope of
Kastern brewers coming Into the market
for the small remnant of the old" crop left.
Less than 800 balea remain In Oregon and
about 4000 bales In California. With slack
demand, this very small stock Is a burden
on the market.
The demand for new-crop contracts !
also limited. So far as could be learned,
only one or two dealers were in the mar
ket yesterday. They offered 20 centa. but
did not aeem Industrious in trying to find
neller.
Statements concerning the present and
probable future condition of the hop market
recently made In this paper by Ernest E.
xr. Ashby, a representative of Strauss A Co..
of London, are disputed by LUienthal A
Company.of New Tork. who in a letter say:
"We will not attempt here to say what
the 1911 English crop may be. but we do
know the acreage under cultivation for that
rrop Is not very much larger than In 1911;
2o0 acres more will probably eover It.
Taking the ten-year average of annual yield
por acre In England as approximately nine
hundredweight, and assuming 33.000 acres to
be in bearing, we cannot hope for, a larger
crop in 1913 than was harvested In 1911.
t'nder the most favorable conditions Eng
land cannot hope to raise any quantity
equivalent to lta consumption, aa even a
yield of 14 hundredweight per acre (con
sidered Impossible, except through a freak
of nature) would only mean 490,000 hun
dredweight, against an annual consumption
of 570,000 hundredweight. Such a result,
however, would be a difference between pro
duction and consumption that could be made
up by importation from the Continent or
the United States, but any more than that
could not be spared, as our expected crop
In the coming season on today's estimates
would not permit the usual export, without
very rapidly advancing prices, as it Is not
expected this country will raise much more
than lta own requirements.
"Without attempting to take issue tn de
tail with all tha figures given In the article
you published we need only to say It is
known reserves were more deeply cut into
th Is year than ever before, and therefore.
It is not thought Ukely brewers are carry
ing as large stocks as usual: that dealers
are not. we can state with assurance, de
termined by the pulse of the market, which
responds with an upward movement to any
buying demand, no matter how limited.
"Hop prices were not forced to an 'arti
ficial level' in 1911, nor was the character
of the market at any time 'fictitious.'
Hops advanced from 30 to 45 cents per
pound for. Pacifies, because there waa a
legitimate demand, taking all supplies off j
the market. This Is shown by a crop har
vest In the United States m 1911 of about
205.000 bales and not more than 7000 bales
remaining in growers hands today. This
shows a crop movement of nearly 200,000
bales within six months, but which was
actually effected In three months, as the
bulk of the business had been done by
January 1 of this year.
"A famine of hops is never to be feared
unless brought about by two successive
crop failures, and that of course la not
looked for thla year.
"Our only purpose In bringing these facta
to the notice of the brewers la not 'that our
Interest In the market is exactly the re
verse of the supposed position of the firm,
whose article appears Jn your paper, but
that we do not wish the brewers to be mis
led by a picture that does not show the true
situation, .and In consequence of which they
might delay the purchases of their hop re
quirements too long, and -therefor suffer
the penalty later by paying higher prices.
The evil of thla attitude waa shown In 1911.
during the early Summer of which brewers
paid no attention to hop offerings, and later
on. when prices started to advance, they
anxiously bought them, helping the up
ward movement along considerably. At the
present moment the market la quiet, aa a
result of no buying demand. Thla may mean ,
'the calm before the storm, Should the,
slightest damage occur to any growing crop
In any one section, a most unusual sltua-
tton will present itself, and force prices to ,
an unusually 'high level. There will be no ;
reserve stock of oldnrarMnauta fall back on.
other than the nominal amount we men-
tloned before remaining of the 1911 crop."
I
KM A IX INQUIRY IX WHEAT MARKET
No Freeh Trading In the New Crop Is Re
ported. There was a little Inquiry In the wheat
market yesterday, but not much business
tvaa put through. No trading in the new
I crop waa reported.
Weeklv forelrn wheat shlsmenta wera am
follows:
This week. Last week. Last year.
Argentina . .2.;tS8.too i.S32.0M l.oosooo
Australia . . . Ms.oxi tt.Vi.ooo 1.072.W0
ludia ........ l.l"o.000 2.504.000 1. 922.0OO
Local receipts, in cars, were reported by
the Merchants Exchange aa follows:
Wheat Barley Flour OaU Hay
Monday 22 15 2 12
Tuesday 14 1 S 3 11
Wednesday .... 6 1 I
Thursday.... 8 .. S
Friday 2 . . 3 1 7
Vesr ago 15 2 11 4 12
Sea n to data.18.4SS 301 2M1 161 3 2S'7
Year ago 11.019 714 2544 9u3 3020
MIXED CAR OF CALIFORNIA FRUITS
Apple Fears, Plum, and Apricot. Received
From the South.
Th. ftrat cmr of mixed deciduous fruits of
the season arrived yesterday. It contained
Ked Astrachan apples, which were Quoted
at $1.73 a box. Clyman plums at $1 25, su
gar pears at $1.33 and apricots at $1.23.
The market was fslrly well supplied with
. loganberries. raspberries and blackcaps,
which sold at $1.25 a crate.
Cherries were plentiful and weak, except
Sound Bines and Royal Anna Cantaloupes
ottl at the preceding day's quotations;
Vegetables were steady except cucumbers,
which were In heavy supply.
KesT Market Is Finn.
The ess market was firm yesterday at 22
9 226 centa with a good demand and small
. receipts. A good many hot weather eggs
are coroln g from the Valley.
Poultry was la good supply, with chickens
of all kinds steady. Ducks sold as "low as
10 centa The veal market was strong!
No chanrea were reported tn cheese or
butter, which wer, quoted firm.
Parkajre Ooffre Lower.
A decline ef V rent in Artturkle's coffee
as announced yesterdsy. Tire new quota
tion Is 24. IT cents. '
Hanlla rope sdvanced - cent to s centa
No further change was announced in
sugar. With the heavy consumptive season
at hand, the trade believes bottom has been
reached.
Bank Clearing.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings- Balances.
Portland I1.3S9.S7J $115.S0
Seattle , l.7i.Sll JOB.UU
Tacoma 712.47 178.544
Spokane 54J.9i 28.17.
HEPPNEB'S WOOL KALE HAS ENDED
Clips Sold Last Day AKXTrxate JSO.OOO
Pounds.
HEPP.VEB, Or.. June 28. (Special.) At
the wool sale held here Thursday. 17 clip.
wre sold st prices from 14tejlHc The
sreater part of the wool cumins In since
the last sales day was bought at private
aale. .
The clips sold today will aggregate about
2X0.000 pounds Besides this. W. W. Smead
has bought for Hallowell. Jones Don
ald about 150.000 pounds during the past
two weeks at private sale st prices around
IOSITc Today's sale cleans up this mar
ket for 1912.
PORTLAND MABKETS.
Grain. Floor. Feed. Bts.
WHEAT Track prices: Bluestem, Mc;
club. S!)c; red Russian. 89c; Valley. S9c; 40
fold. 89c
FLOCK Patents $10 per barrel;
trslghts. $4.70; exports. $4.20; Valley. $310:
HAY Timothy. $14017: alfalfa. $11; clo
ver, ssei: oats and vetch. S10Q11: srain
h.ty. $9.
JIILL3TUFF8 Bran. $!$. per ton;
shorts. I2S: mlddMnzs. Ill
CORN Whole. :i9: cracked. M0 pet toa.
OATS No. 1 white. $3438 per ton.
Tearetabies ana Fralta.
.... . r, . i i t . .a i ner
crate: sooseberrles. per pound: rasp
berries. $1.2 per crate; loganberries. $10
TROPICAL FRUITS Oranges. Valencia.
?..VJ1r3.2.'i: California grapefruit. S3.5U04
lemons. (S.S04( per box; pineapples, fa per
'"fresh FRCIT Cherries. 24M0o per
pound; apples, old. $1,504 t per box; new.
$1.75 per box; apricots. $125 per boy; can
taloupes. 12.2562.50 per crate: peaches, $1.10
tirl.25 per box: currants. $1.501.75 per
box; plums. $1.2$ per box; pears. $1.16 per
box.
VEUETABLES AniL-nwei, -.w ' " -
dosen; asparagus. $1 per box; beans, 74 W
OC; ClDDaiC
flower. $2.75 per crate: celery. $3 8 per
crate: corn. 30c ner dosen; cucumbers
II per box; eggplant. 25o per pound;
head lettuce. 12iio per dozen; hothouse
lettuce. 73c$l per box; peas. 6457c per
pound: peppers. 28 2e per pound; radishes,
158i 20c per dosen; rhubarb, 24c per vouni:
spinach, 445o per pound; tomatoes. $L7o2
per box: garlic SJJlOc. per pound.
POTATOES Jobbing, prices: Burbanks
old. $191.20 per hundred; new. per pound.
1 "oNlONS California red. $1.25 Per sack.
Dairy and Co on cry Produce.
BUTTER Oregon creamery butter, cubes,
er .clld pack. 27c per pound; prints. 2So per
poll nd.
EGGS Fresh Oregon ranch, candled, 22
I2e per dozen; case count, 21c
CHEESE Triplets and daisies, loo per
pound; Youns America. 17 Vic
PORK Fancy. lo10tec per pound.
VEAL Fancy. 120130 per pound.
POULTRY Hens. 12fcc: broilers. li18c;
ducks, young, lOfcllc; geese, 10$Uc; tur
keys, live, liv-lbc; dressed, 2' iioc.
Staple Groceries.
SALMON Columbia River, one-pound
tails. $2.26 per dozen; eight-pound tails.
$2.93; one-pound fists. $2.40; Alaska pink,
ine-pound tails. $l.$3.
COFFEE Koasicd. tn drums. 2ls(W
per pound.
NUTS Walnuts. lfieiio per pound;
Brazil nuts, 12e: filberts, 14013c; al
monds. 17 4 21c; peanuts, 18c; cocoanuts. Kj
w$l per dozen; chestnuts. 1244c per pound,
nlckory nuts, Sloe per pound.
HONEY Choice. $i.7S per case; strained
honey. 10c per pound.
SALT Granulated. $15 per ton: halt
ground, loos. la.SU per ton; 50s, $9 por to.
BEANS Small white. 3.40c; large white.
.20c; Lima. .0c; pink. sc; atsxlcans.
He; bayou. 414c
KICK No. 1 Japan, c; cheaper gradea
3t3c; Southern head. H97hc
SUGAR Dry granulated, $5.e3; fruit and
berry, $3.86; Honolulu ' plantation, 15.SO;
beet, $3.65; extra C, o.3j; powdered, bar
rels, $0.15: cubes, barrels, $6.25.
DIUKD FRUITS Apples. 14c per pound,
apricots. 1601844c; peaches. 120140:
prunes. Italians. I044l04c; silver, lac;
tig, white and black. 447c; currants.
7tec; raisins, loose. Muscatel. 6t744c;
bleached Thompson, llfcc; unbleacnod out
tanas. 8 44c; seeded. 7448S4c; dates, Psr
tan. 44s per pound: Fard. $1-60 par boa.
Provisions.
HAMS AU sixes. 17 4 15c; skinned. 17440
18c; picnics, 12c; boiled, 2644c
BACON Fancy. U4s244c; choice. 2044
4J2144C
DRY SALT MEATS Backs, dry salt. 1144
91244c; backs, smoked, 13yl4c; bellies, dry
salt. 13 44 c; bellies, smoked. 13c
LARD Tierce basis, choice, 1344o; oom
pound. 944c; leaf, luree-pouad palla, $S.M
per case.
MISCELLANEOUS Pigs- feet, kits, $L8;
sliced beet, lnsides, $2 per case; dried beet,
Insldes. 23c per pound; bologna, caavaa
back, 1044 c; minced bam. 12c-
Bops, Wool and Hides.
HOPS 1912 contracts. 1944 4120c; 1911
crop, nominal. 2844 c. v
MOHAiK Choice.. 32c per pound.
WOOL Eastern Oregon, 14 31944c P
pound, according to shrinkage, Vailcy, 2vO
22c per pound.
. PELTS Dry. 12913c; full wool butchsr
pelta $1.23 V 1.73; shearings. 104y30c
HIDES Salted hides, 11 o per pound;
salted calf, 20c; salted kip, 11612c; green
hides, 10c; dry calf. No. 1, 23c; No. 2. 20c;
dry hides. 19020c: salted stags, 74a So;
green stags, 644 4J7c
CASCARA per pound. $44 6c
GRAIN BAGS In car lots, 1044C
Unseed Oil and "Turpentine. .
LINEF.ED OIL Raw. barrels, 88c: boll.c
barrels. 90c; raw. casss. 93c; boiled, cases,
96c
TURPENTINE Cases. 69c: barrels. 66 Vis
SAX FRANCISCO PRODUCE MARKET
Price Quoted nt the Bay City for Vege
tables. Fruits, Etc
BAN FRANCISCO. June 28. The follow
ing product prices wsr. current her. today
Fruit Apples, choice. $1.25; common, Sde;
Mexican limes. $6.60 ; California lemona
choice. $5: common. $1.50; navel oranges,
$1.S03.75: pine apples. $2.60$.GO.
Cheese 15l44c
Butter Fancy creamery. 2Sc
Eggs Store. 22c; fancy ranch.' 24c
Vegetablee Cucumbers, tK73c: garlic
2fi'3c: areen c. as. $1.502.2S: strinr beans.
244 4c; asparagus. 40cfJ 41.25; tomatoes. 75c
I$1; eggplant. 7010c.
Potatoes River Burbanks. 9Oc0$l.S5;
Oregon Burbanks. $L2561.50; Early Rose
83c $1.10.
Hav Whent. $15.50021:- wheat and oats.
$16 50019: alfalfa. $11 14.
Receipts Flour. 17:iti euarter sacks;
wheat. 6O0 centals: barley. 4500 centals:
osts. 325 centals: potatoes. 4995 sacks; bay.
300 tons; wool. S72 bale.
Metal Markets.
NEW TORK, June 38. Copper, unsettled.
standard spot ana June, iti.iarii.3 c:
July, 1.S7V 9 17.37 He; August and Septem
ber. 17tfl7.30c: electrolytic. 1744017c;
lake. 17Sil74kc; casting, 1744c.
Tin. steady. Spot snd June, 46.50948c;
July. 4tltj4o.35c; August, 45ig' 45.65c
Lesd. arm. 4.406 4. 47 He.
Spelter, strong. 7.u5 7.25c
Antimony. qu.et. Cooksons, 8c
Iron. firm, unchanged.
Copper Arrivals at New York today. 20
tons; exports this montn.- 2t.jo tone Lon
don copper steady. Spot 77 10s; . futures.
78 7a
Tin Local ssles of tin. 110 tona London
tin firm: spot 209: futures. 2U3. 15s.
Lead London. 18 Is 3d.
Spelter London. 23 15s.
Iron Clevelant warrants, 57s 3d tn Lon
don.
Coffee and Sugar. -
NEW TORK. June 28. Coffee futures
Closed steady, five points to nine points net
hlaher. Sales. 40.500 Basra Closing bids
June and July 13.6Sc; August. 13.7Sc; Sep
tember. 13.6Sc: October. 13.94c; November,
14.00c: December. 14-08c: January. 14.09c:
February. 14.04c; March. 14.14; April, 14.10c;
May. 14.18c
Spot coffee steady, anchanged. Xo. T.
Rio. 14Vc
Sugar Steady. Muscavado. .89 test. 8-30
03.33c: centrlfural. . test. 3.8oeS.S3c
molasses. .89 test, 3.03 0 3.09c Refined
quiet.
Chicago Produce Market.
CHICAGO, Juno 28. Butter Steady.
Creameries. 230 25c: dairies. 21028c.
Ern Easv. Receipts. 16.446 cases: at
mark, cases Included. 16017c; ordinary
firsts, 17c: rirsts. itc
rhee.e Steady. Daisies. 15V. e: twins.
I4S4 4915C; young Americas. 1544015c:
Longhorns. 15 Sc.
Wool at St. Louis.
FT. LOUl?. June 28. Wool Pt.ady. Ter-
ritorv anu western meoium.. vc, now
mediums. Is 020c; fine. So 17c
LAST PRICES BEST
Stock Market Hardens in the
Final Hour of Trading.
DEALINGS- NOT EXTENSIVE
Steel Corporation Follows Course of
Its Rivals In Advancing; Prices
of Finished Products) Trac
tion Bonds Are Strong.
NEW' TORK. June 28. Except for a for
mal statement by the United States Steel
Corporation, announcing that It had followed
the course of some of Its chief rivals In
advancing prices of various finished products
snd the publication of a few railroad re
turns for May of a not very gratifying
character, today's stock market was no less
dull, narrow and uninteresting than most
of Its predecessors of ths last two weeka
Prices hovered a fraction above or below
yesterday's quotations, except in a group of
specialties which included General e.ieciric.
Westinghouse Common and first preferred.
Baldwin Locomotive, Woolworth and some
more obscure issuea
In the railway division. Erie, Loulsviue at
Nashville, Wabash preferred and Kansas
City Southern preferred showed some sem
blance of activity at improved prices, with
out exciting more than languid attention.
Suspension of ths regular 2 per cent divi
dend on Ontario A Western common, which
fell sharply, v as without effect on prices,
which rose to their best In the final hour.
American Tobacco, Republic Iron preferred
and local tractions were the features of the
late trading.
London's markets were aa Idle aa our
own. Ten thousand shares were sold here
for foreign account.
Our banks stand to lose a large amount
of cash tomorrow, with a probable expan
sion of loans.
Union Pacific for May decreased Its net
earnings by $438,000. Southern Pacific lost
$112,000 and Lackawanna $702,000.
Bonds were featureless, save for strengtn
In tractions. Total sales, par value aggre
gated $2,670,000. United States bonds were
unchanged on call.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. Bid.
Allls Chsl pf -
Amal Copper .. 13.500 85 44 fj
Am Agrlcult :; S?
Am B.-et Sugar 300 74 7444 74 S
American Can.. 3.200 86 , 85 J4 RJH
Am Car ft Fdy. 900 69 66 4 ..44
Am Cotton OH "J
Am Hd & Lt Pf i?
Am Ice Sccuri.. 200 26 2X J?
Am Linseed
Am Locomotive 4.400 . 4SH 43 4344
Am Smel & Ret 3.100 8644 8&4i
do preferred 7
Am Steel Fdy 5 7
Am Sugar Ref.. 200 ISO 18044 130 44
Am Tel & Tel.. 1.100 14 1 J44
Am Tobacco Pf. lw
Am Woolen -'7
Anaconda M Co. 1.300 43 4344 44
Atchison 1.300 10744 107 4s 107 44
do preferred - - - Jxi?
Atl Coast Line.. 1.30O 140 139 139
Bait & Ohio ... , 900 10844 lMVs 10S44
Bethlehem Steel 1.00O 38 37 81
Brook R Tran 15.300 89 88 W44
Canadian Pac .. 1.500 205
Central Leather 100 . 25 44 2a 44 254j
do preferred -
8hne.r,loh.J:-3.m 5 -ii g
Sw.t,,0"-ioo -is -i
do preferred - - - - .21
Chicago & N W 100 187 137 1364s
C. M A St Paul. 500 10-344 105 W
C C C ft St L. b9
Col Fuel ft Iron 00 82 31 31
Col 4 Southern ;:' -??
Consol Gas .... 4K 142 142 141 44
Corn Products.. 100 15 44 1 1J
Del ft Hudson "I
DftRGrande.. 100 19 19 19
do preferred.. 20O 83 S3 83
Distillers' Secur 100 33 83 334.
Erie 12.300 36 34 44
do 1st Pf .... l.SUO o aa -ioti
d. n r,f ZOO 43 44 43 48
Gen Electric .. 7,000 178 175 177
Ot North pt ... 1.000 iaT4 "ITS
Ot North Ore .. 100 42 42 414.
Illinois Central. 10O 128 128 12;
lnterbor Mt .. 6.70O 21 20 21
do preferred.. 6,600 60 6R 60
Inter Harvester 100 119 119 118
Inter Marine pf 20O 17 17 1744
Int Paper 100 16 16 16
Int Pump 100 27 27 27
Iowa Central 1
K C Southern.. 200 26 25 25
do preferred.. 200 60 - 60 60
Laclede Gas 105
Louis ft Nash.. 2,400 160 158 15844
Minn ft St L .. 20O 18 18 18
M. SPASSM 200 144 144 144
Mo. Kan ft Tex 27 44
do preferred. "
Mo Pacific 1.400 3T 36 86
Nat Biscuit ... 100 154 134 13i
National Lead . 200 58 68 5S
N Ry Mex 2 pf. oO 118 117 117
X T. Ont ft Wes 8.400 33 30 30
Norfolk ft West 2.000 116 116 116
Worth American 100 82 82 82
Northern Pao. . 1.200 121 120 120
Pacific Mall .... 200 82 82 32
Pennsylvania ... 1.400 123 123 123
People's Gas ... 400 113 113 113
P C. C ft St L. 100 108 10844 108
Pittsburg Coal... 700 22 2144 22
Pressed S Car.. 1.500 36 36 36
Pull Pal Car ... 200 161 161 160
Ry Steel Spring. 10O 35 85 36
Readins l30O 17 166 167
Republic Steel.. 4.100 26 23 26
do preferred.. 2,500 84 82 84
Rock Island Co. . 200 25 25 J4
do prefsrred 51
St L ft S F 2 pf 88
St L Southwest. ...... ...... .....
do preferred ..... ..... i3
Sloss Sheffield $5
Southern Pac .. 600 110 10 110
Southern Ry . . . 1.4O0 28 28 28
do preferred.. 400 74 74 74
Tenn Copper ... 200 44 44 43
Texas ft Pac 23
Tol. St L ft Wei 600 14 14 14
do preferred.. 400 2' 29 2)
Union Pacific .. 11.500 169 169 169
do preferred.. 90
U S Realty 78
U 8 Rubber ... 100 66 66 60
U 8 Steel 55.200 71 -70 70
do preferred.. 300 111 110 111
Utah Copper ... 1.300 63 6S 63
Va-Caro Chem 48
Wabash 1.00O 4 - 4 4
do preferred.. 2.80O IS 12 13
Western Md ... 500 67 57 .'-7
Westing Elec .. 7.000 76 75 76
Western Union.. 300 88 82 82
Wheel ftLE 7
Lehigh Valley.. 11.000 171 170 171
Chlno Copper.. 2.400 34 33 33
Ry Consol 1.800 22 21 21
Am Tobacco ... 2.800 809 302 809
S. aboard Airline . 300 25 25 24
"Ho preferred.. 800 54 54 54
Total sales for the day, 276,600 shares.
BONDS.
Furnished by Overbeclt ft Cook Co., of
Portland.
Bid. Asked.
Amer Tel Tel conv 4s 113 114
American Tobacco 4s 95 ....
American Tobacco 6s. . .. . .. . 120 ....
Atchison general s 97 AS
Atchison conv 4s 106 106
Atchison adj 4s stamped 90 91
Atchison conv 6s 107 107
Atlantic Coast Line cons 4s. 94 95
At Coast Line "L ft N coll" 4s. 93 4
Baltimore ft Ohio 3s 91 92
Baltimore ft Ohio 4s 97 98
Brooklyn Rapid Transit 4s 89 89--
Can Southern first 5s 101 101
Chesapeake ft Ohio 4s 100 100
C B ft Q gen mtg 4s 95 96
C B ft Q Joint 4S 96 96
C B ft Qllls 4s A.. 99 99
C B A Q Denver 4s 95 6
Central Pacific first 4s 95 96
Chicago ft East Ills 4s 80 81
Chicago R I ft P ref 4a 89 89
Chicago R I ft P Col trust 4s.. 9 69
Colorado ft Southern first 4s... 94 95
Denver ft Rio Grande 4s 84 85
Del ft Hudson conv 4s.. .'. 98 98
Erie first cons P L 4s 89 90
Int Met 4s... 82 82
Japanese 4s 86 83
JuDanese first 4Hs 92
Japanese second 4s 91
Loulsvlle ft Nashville out 4s... 98 99
MO Kan ft Tex 4s 87 87
uituiiirl Tac!fte ss 71 72
New York Central 8s 87 87
New Tork Central L S 8s 81 81
New Tork City 4s 92 9
New Tork Cltv 4s of 1957 106 107
Norfolk ft Western 4s 98 99
Norfolk ft Western conv 4s 111 112
v- v ont a w 4s 92 93
Northern Pacific P L 4s 8 99
Northern Pacific 8s. 69 69
Oregon Short Line 4 93 94
nN,nn Rv Jl NSV 4S ...... 94 ....
Penna Ry 4s of 1948 103 103
Philippine Railway 4s .... 86
Reading general 4s., 97 98
Renubllo Of Cuba 5s 103 103
finiithera -Pacific first rex 4S 94 95
Southern Kallway 4s 78 78
st Lt ft i? r rei i i. ,o
Union pacific first 4s .....100
Union Psclflc. conv 4s 101 101
Union Psclflc ref 4s 96 97
United states Steel S F 5s 102 102
United Ststes 2s registered 100 101
United Ststes s coupon loo 101
United Ststes r.s registered. .102 12
United States 3a coupon..... 103 102
United States 4o registered 114 . 114
United States 4s coupon 1i4., iJS
United Railway S F 4a..' 66
United Rsilway St L 4s - ...
Wabash first 4s 70 i
Western Union 4s 97J.
Westinghouse conv 3s. . 94
Western Pacific 5s 84 M
Wisconsin Central 4s J'
West Shore 4s 99 100
Mining Stocks at Boston.
BOSTON. June 2S Closing quotations:
Alloues .: 47!Mohawk ....... a
Amalg Copper.. 85 Neva ia Con .... .1
Ari.ona Com .. 5'Nortn Butte. o0
B C C ft S M. 8 Nortn Lane l
Cal ft Arisona.. 76" Old Dominion... 58
Cal ft Hecla 52S losceola ex-dlv..l;!l .
Centennial 24 lQulncy .- 9-
cop Kan con i u "-. 'iall""u ....... - - .
E. Butte Cop M. 13 Superior ....... . 45
Glroux Con 5. Tamarack ...... 44'
Oranby Con ... 55 U S S R M x-d 44
Greene Cananea. 10 do preferred. .49 B
r Rovalle (Cod) 34 Utah Con ...... 11 .
Kerr Lake 2lUtah Copper Co. 8.i
Lake Copper 3Sinona
La 'Salle Copper 7:Wolverine 1"
Miami Copper... 2SI
Money. Exchange, Ktc
x-T7-Tir vnw Tun it Money on call
Stead v, 2 6 3 psr cent; ruling rate, 2;
closing bid, 2: offered at 2.
Time loans stronger: w oja a x.,
i dava Sfi3: six months. 8 64. Prim4
mercantile paper. 44 per cent.
Sterling exchange steady, with actual busi
ness in bankers' bills at $4.8475 for 60-day
bills and at $4.S715 for aemana. wmmiituu
Dills. $4.84.
Ear sliver. tuc.
Mexican dollars. 48c -
Government bonds steady: railroad bonds.
Irregular.
LONDON. June 28. Bar silver, steady.
28 d per ounce. Money, 22 per cent.
The rate of discount in the open market
for short bills is 2 per cent; for three
months' bills, 2 13-16 per cent.
SAN FRANCISCO. June 28. Sterling on
London 60 days, $4.84; do sight. $4.87.
Silver bars. 61 c. Mexican dollars, nom
inal. Drafts, sight, 3c; telegraph. 60.
Condition of the Treasury.
WASHINGTON. June 28. At ths begin
ning of business today 'the condition of tha
United States Treasury was:
Working balance in - Treasury
offices :. $ 78.575,126
In banks and Philippine Treas.. 30.624.520
Total of the general fund 145,594.694
Receipts, yesterday 4,737,r.S!
Disbursements 927,913
Surplus to date this fiscal year.. 15.807,240
Surplus this time last year 20.944.558
The figures exclude Panama Canal and
public debt transactions.
RAIN' WEAKENS WHEAT
WEATHER MARKET FOR THE
CEREAL- AT CHICAGO.
Ixroer Temperatures Reported From
the Canadian Northwest StHl
Hot in Montana.
CHICAGO, June, 28. Rain and cooler
sreataer In the western part of the Canadian
wheat country today took the price of the
cereal a few pegs down.
If was almost purely a weather market In
wheat. At the outset the advantage lay
with the bull side, owing to hot, dry con
ditions In most parts of the Northwest
particularly South Dakota. Information that
actual damage was confined to points west
of the James River checked the advance.
Tho market rallied on news of continued
heat and drouth In Montana and Manitoba.
Corn showed steadiness, a fact due some
what to possible loss of much of the short
growth In the event of continued hot
weather without sufficient rain.
A theory that the big yield of oats In
prospect bed been sufficiently discounted, In
cited considerable . buying, though not
enough to prevent prices from undergoing
a sag.
Selling credited to packers weakened the
provision market.
The leading futures ranged as follows:
WHEAT. -
Ooen. High. Low. Close.
July $1.0514 $1.10Vi $1.0V4 $!
Sept. .l.v.T a.uoi. .vuts t. r.
Dec... 1.0!i LOoi, 1.05 5, 1.0814
. CORN.
July .75!, .70 .754 .734
Sept. J' -'J? -'-r.s
Dec. -B3;t .64 .689s .65
OATS.
July ..J... .49 .4 .48 .48J4
Sept. 404 .4"i .4014 .404
Dec. .41 -4194 .4114 -414
MESS PORK.
July 1S.5 18.6714 185714 18.57H
Sept. 19.02 Vi 19.U5 18.2!s 18.92 ll
LARD.
July 10.80 10.95 10.85 10.83
SePt. 11. Vi 1 ll.l'I x.uo
Oct. 11-1714 11.1714 H.12Vi U-12V4
6HORT RIBS.
July 10.4714 10.50 10.4714 10.474.
Sept 10.65 10.6714 10.64 10.6S
Cash quotations were as follows:
Flour Firm. Prices advanced 10 cents.
Rve No. 2. 75 76c
Barley Feed or mixing. 60 71c; fair to
choice malting, 93c & $1.0 1.
Timothy seed 17&10.
Clover seed $1418. -
Fork Mess. J18.S2 V4 ? 18.75.
Lard In tierces, $10.8214.
Short ribs Loose, $10.1210.S2V4.
Grain statistics:
Total clearances of wheat and flour were
equal to 277,000 bushels. Exports for the
week, as shown by Bradstreet's, were equal
to $.188,000 bushels. Primary receipts were
229,000 bushels, compared with 531,000 bush
els the corresponding day a year ago. Es
timated receipts for tomorrow: Wheat, 10
cars: corn, 220 cars; oats, -113 cars; noga
10,000 head.
Minneapolis Grain Market.
MINNEAPOLIS, June 28. Close: Wheat,
July, $1.104 t 1.104; September, $1.08)4:
n.r.mh.r XI. 06i. Cash. Xo. 1 hard. $1.12Tfc:
No. 1 Northern, $1.124; No. 2 Northern.
$1.1014: No. 3 wheat. $1.08 14 0 1.W14.
Corn No S. yellow. 747414c.
Oats No. 2 white. 4914 84940.
Rye No. 2, 72 73c
Flax. $2.17.
Barley, 60 p 58c.
-Rran 21 i 21.50.
Flour First patents. $S.405.45;, second
patents 85.1095.35: first clears. s.eur
4.0; second clears. $2.7063.
- Grains in 8aa Francisco.
Riv ttrancisco. June 28. Soot quota
tlons Walla Walla. $L603 1.6214 : red Rus
sian $1.60; Turkey rea, nominal; Diuestem,
$1.6501.874: barley, feed, $1.524 61.55: do,
hr.uHnr nominal: white oats. Jl.92Sfll.95
bran. $27927.50; middlings, $3334: shorts,
$32.
Call board sales: Wheat, December,
$1.5514 bid. Barley. December, $1.454 bid,
$1.4814 asked; May. $1.514 bid, $1.514
asked.
European Gran Markets.
LONDON, June 28. Cargoes firm. Walla
Walla, September-October shipment, 88s 6d
to 38s 9d. English and French country mar
kets, arm.
LIVERPOOL, June 28. Close: Wheat,
July. 7s 74d; October, 7s 514dJ7s 64d.
Weather rain.
I'ugrt Sound Grain Markets.
TACOMA, Wash.. June 28. Wheat Ex
port: Bluestem, 92c; club, 8Sc Milling:
Bluestem. Sac? club. S2c Yesterday's car
receipts wneat, o; oats, x; nay, o.
SEATTLE. Wash.. June 28. Wheat Blue-
stem. 92c: fortvfold. 88c: club. 8Sc; fife, 88o;
red Russian, 88c Yesterday's car receipts
Wheat. 1; barley, l; corn, .z; oats, z; nay.
13: floor. 6. -
The Street
ASFHAiiT
ii
ml
is
c
wm
WOOL PRICES CLIMBING
BOSTOJT MARKET STRONG AT
ADVANCING STEAD1XY.
High Quotations in the West Are Be
ing Followed In the Selling
Centers.
-nnss.n-s.- -i- no rrru- rammnrr-lal Till I -
1 U., tJUIaO 1MB sv.asv.
let in will say tomorrow of the wool mfcrKet.
n. . i i atrnnr anil
1 DO SIIUBIIOD 11U iciuoilltn - n
th tendency U upward, following the niytt
prices paid in jruwiu, eoguuuo,
-n . t- , Ka wars, a lr ri n VI
rurcnaies in dubiuu iui --
inciuaea some oia icmiuij
scoured wools at higher prices, while a
very considerable amount of new territory
and fleece, the former said to include the
Baer clip of 1.000.000 pounds, have been
sola at aavances. -ic umng mo
price on half, three-eighths and qwwr-
.i jm t ,ki. i M.,na int. tntn mff 1.5O0.OOO
to '.OOO.VWi pounds. Home iinw awom " , T
nil friMltm rrn... brads h&Tfl &iSO Dea BOifX
at a firm market. t
xne smpments or wooi irom xwi
January 1 to June 1 Inclusive were ldi.
180.317 pounds, against 13.205,067 pounds
for tho same period last year. The receipts
from January 1 to June 27 Inclusive were
the same period last year.
Dried Fruits st New York.
X'CTaT VATJV Tuna. 9R RvttDOrated IP
r.t OniAt. On the soot, fancy are quoted
at 9fc10c; choice. 8 & 9c ; prime. $14
x.s. Rts.ariv with a hetaBsr demand and
mail mtmtm ftnnfat Innii ran ire from 3
9 He for California up to 30-40s and Vj
irVtC ior wregons. .
PA9rhi oniAt and nominally uncnangea.
Choice, 7btSic; extra choice, 8&afec;
fancy. SH&lOc -
Naval Stores.
. . . .... . , no en Vlrm
HA V A IS Art, june -so. iu.j.iu. '
Sales, 14.166; receipts. 711r ship
ments, 7024; stocks, 29.682.
OH10 r jriii. coira, sw., ' w.. , .. -
shipments. 1424; stock. 18.898. Q1?:-;
F. 6. H, 7.037.1O; I, S7.037.10: K, 87.20
IP1 1,39, JU, f livvV " -w
WW. $7.53.
New- York Cotton Market.
NEW YORK, June 28. Cotton fntnres
closed steady. July. ll.:!3c; August, 11.28c;
. ....... - . .. v. 11 J ir nv,m-
aenieniuei, .... ,
ber ll.SOc; December, -11.54c: Januar.
. . . , . . .. . .1 .. . I. 11 luV
11..1UC; reDruary, -
11.67c. Spot closed quiet and (lve points
.i-u unisnria. ll.fioc: middling
gulf, 11.00c; no salea '
Duluth flax Market. --
DULUTH. June 28. Close Linseed on
track and to arrive. $2.20; June. $2 20. nom-in.i-
iv s- on bid-. SeDtember. $2.00 asaea;
October, $1.8014.
Hops at New Tork.
NEW TORK, June 28. Hops Dull.
Hood Klver Tennis Men Victors.
HOOD RIVER, Or., June 28. (gpe-
itulithic Dav
ing adds to
both the ap
pearance and
the
valu
of your prop
erty. It's use is
lit blU. civwuvii-j y ii
J.C.WILSON&CO.
STOCKS. BONDBGRAIN AND COTTON
NEW TORK STOCK EXCHASOl
NEW x-OKK COTTON liXCHAWOB
CHICAGO BOARD OF TRAOK
THE SXOt K AND BOND EXCHANGK.
SAN FRANCISCO.
' Main Office MUlu Bids.. San Franetoeo.
Branch Offices Vancouver, Seattle, Port
land, Los Angeles, San Diego, Coronas
Beacb.
PORTLAND OFFICE!
Main Floor Lnmbermens Bank Building.
Fifth and Stark.
Phones Marshall 410. A 41T.
TRAVELERS' GUIDE.
Canadian Pacific
"EMPRESSES OF THE ATLANTIC"
AND OTHEK STEAMSHIPS.
MONTREAL. ULKUEC AND LIVERPOOL
VIA THS
SCENIC ROUTE TO EUROPE
1000 MILES
ON THE ST. LAWRENCE RIVER
AND
LESS THAN FOUR DATS AT SEA
2688 MILES. PORT TO PORT
THE SHORTEST OCEAN PASSAGE
First Cabin JOT.50 and
Second Cabin M " and up
One-Class Cabin (2d-class) $50.00 and up
Third-Clasfl Lowest rates on request.
Canadian Pacific offlcs. corner Third and
Pine (Multnomah Hotel bldg.). Portland,
and all local agents
EXPRESS STEAMERS FOB
San Francisco and Los Angeles
WITHOUT CHANGE
8. 8. Rose City sails 9 A. M. July 1st.
THE SAN FRAN. PORTLAND 8. B. CO.
Ticket Office 142 Third Street.
Phone: Main 2605. A 1402.
AUSTRALIA AND NEW ZEALAND
(Union Line of N. Z.)
VIA TAHITI AND WELLINGTON.
Direct through steamers, sailing from Ssa
Francisco May 28, June 28, and every - 2$
days to Tahiti, Rarotonga. Wellington and
Eydney. The line to Isles of the South Seas.
s-or reservations see Coupon Railroad Agenda
er address Hind. Rolph at Co.. San Francisco.
COOS BAY LINE
gXEAMSHIF BREAKWATER
sails from Alnsworth Dock. Portland. A.
M. May 1. 8. 18. 18.- 28 and 28; June i, t.
Ii it 22 and 27. Freight received at
Alnsworth Dock dally up to 5 P. at- Pas.
tenger fare, flrst-claas. flO.OO; second-class,
17 00 Including bsrth and meaU. Ticket
ilnc. A.nswor'h Dock. Phone. Main seou,
A 2331
San Francisco. Los Angeles
and San Diego Direct
- ' S. & Eoanoke and S. S. Elder
BsU Every Wednesday Altematelj st 0 P. M
N0ETH PACITIO S. S. 00.
ttt A Third St. Phones Main 1814, A 1814
Pavement is one of the most im
portant factors in city building. BASBEB
meets the most exacting require
ments of business and suburban districts.
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital
Surplus and Profits $1,000,000
OFFICERS
J. C. Aty WORTH, President. R. W. 5CBMEEB, Cashier.
R. LEA BARNES. Vlee-Presldeat.
A. M. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Cashier.
LETTERS OF CREDIT AND TRAVELERS'
CHECKS ISSUED NEGOTIABLE EVERYWHERE
DRAFTS DRAWN on ALL FOREIGN COUNTRIES
cial.) The) tennis tournament here yes
terday between the Benedict team, of
this city, and the Prinevillo Tennis
Club, resulted in a victory for the for
mer. The Prineville players oame over
bv automobiles. They were the guests
at a banquet griven at the Hotel Ore-
g-on. The Hood River players in tne
tournament ere Harry T. DeWitt Er
nest C, Smith, J. A. Ermlny, Dean Bal-
LUMBERMENS
NATIONAL BANK
Capital $
BONDS
Yielding Five to Six Per Cent
Bond Department
P. A. Gilmore.
LADD & TILTON BANK
Established 1869.
Capital Stock.... $1,000,000.00
Burping and Undivided Profit 800,000.00
Commercial and Sayings Account
Letters of credit, drafts and travelers' cheek issued, avail
able in all parts of the Torld.
OFFICBHS
W, M. Ladd, Pvealdent. Robert 9. Hswars, Asst. Caablets
Edward Coakinchasn. Vie-Pres. J. W. Ladd, Asst. Cashier
XV. B. OaadUey. Cashier. W alter M. Cok. Ast. Caaliles.
First National Bank
Capital $1,500,000
Surplus 850,000
Oldest National Bank West of tha '
" Rocky Mountains
The Canadian Bank of Commerce
I Jt CORPOHATKD 1807.
(Lead Office Toronto, Canada.
Londosv 3 Lombard stnat.
Over two hunarefl other branches In the United States anfl Canada.
Every care taken of collections. Drafts on all foreign countries aa
principal cities, in United States and Canada bought and sold, and a
general banking business transacted.
Interest allowed on Time and Special Deposits.
PORTLAND BRANCH, SECOND AND STARK STREETS
F. C MALPAS, Manager
THE T.ABGEST STEAMER IS THE WORLD
New
45,324
Ton
OLYMPIC
AMERICAN UNE
Atlantic Transport Line
Hew Tsrs-lsslss Sired
RED STAR LINE
WHITE STAR LINE
Hw Tw WMllllsl IJinnsl
Boston Qnceflftown UTerDco-
-LiTerpcoi.
CepW. OffTce. Boom -B- B.U., Bsfflffl-a.
Or Local Railway snd BtesmihiD A.Kti. .
FREE PUBLICATIONS Reaardlasj
GRAND TRUNK RAILWAY SYSTEM
(Double-Track Route.)
FOUR THROUGH TRAINS DAILY 0 EXCESS FARE.
BETWEEN CHICAGO AND ALL POITS EAST.
1MOCCH I'lLLMAJI STANDARD AND TOURIST SLEEPING-CARS.
Deraer B. Smith, City P ass r nicer Asrt, 69 Fifth St. Phone Marshall W7S.
J. H. Buraln. G. A, P. D Seattle. Wash. N
$1,000,000
lard. Dr. J. M. Waugh and Frank A.
Cram. The visitors were: McCall,
Brewster, Bowerman and BetchelL
An expedition from Tale University led
by Professor Hiram Bingham, Is to makt
further explorations this yesr In Pern, in
the regions where a Tale party last year
found human remains supposed to be np'
less than 20.000 years old. Imbedded 1
glacial deposits. "
1,000,000
Sfew Tork
-16 Exekanxa Place.
Sals from
JULY 6
NEW
YORK
July 2T Aug. 17
..rK 7 Sent. 28
WHITE STAR-DOMINION
Issue Uiirsisl
-UICANTIC" & "LACHENTir
mi St. Lam Roit
Only Four Days at Sea
ro aoBors m oohtort at modisuts
KATES
Twta Screw S. "Csnaaa" aa Teaieoic"
okk olasi (n) cabik ezrtios
' TBian OLass oumbd rooms
labwk aisss ssrs sslilas. aotel er trassfer
hjshim
Effective May 8, 1912
SS. PRINCE RUPERT AND
SS. PRISiCB GEORGE"
Leave Seattle, Wash., Wednesday and
Sunday at 12:00 o'clock, midnight,
lrer Victoria, Vancouver, Prince Knoert,
Stewart, Granny Bay and dasss
Charlotte Island.
Grand Trunk Pacific Railway
(Mountain Division.)
Trains leave Prince Rupert. B. C
Monday, Wednesday and Saturday at
1-00 P. M. for Vanarsdol (100 miles).
Csstsis. Homestead .Usis, BulaeM