Morning Oregonian. (Portland, Or.) 1861-1937, July 03, 1912, Image 21

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Morning Oregonian., July 03, 1912, Page 21, Image 21

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Newspaper Page Textat niE MORNING" OREGONIAN, WEDNESDAY. JULY 3 1918. HOP CROP Yield of Oregon Estimated at 110,000 Bales. CONDITIONS ABROAD GOOD Values Are Tending Downward in Accordance AVith the Brilliant Prospects In All the Producing Countries of the World. I Th Oregon bop crop thl rear will be th. largest line. 1907. unless weather con ation later In the iion become " y unfavorable, which la not likely. The vine la In such a healthy condition now that It ahottld be able to stand an unusual period of drouth, ihould one come, or al most any kind of an Insect visitation. Ex perienced hopmen declare that the relating power, of the plant thle year are areater than ever before. The weather up to this time baa been Idea! for producing a sturdy healthy vine. The yard, of the valley never showed a more luxuriant growth and a record yield, on th. acreage, would occa ,lon no surprise. A conaerv.t v. of the 191J crop In Oregon to 110.000 bales. Brilliant crop prospects In other parts of the world, notwithstanding the custom ary vermin attacka in England and larts of the European Continent, are all having their effect on prlcea. which are tending downward under the pressure of large pros pective yields. While the world's crop, though a large ont. may not be exceaslve when balanced igalnst the world'! requirements. It must be remembered that the price of futures opened at an unusually high level, being influenced by the abnormal values of last year, and the trend of the market now Is a natural one toward an equitable basis. Whether the real value of the new crop, sased on the unfailing law of supply and demand, win be found at 20 cent or at lo cents remains to he demonstrated. It is not manipulation, but the weight of he flne crop prospecta that Is carrying the market down. If there Is any manlpula lon at all. it Is on the bull side of the mar ket, but it haa been futile In staying the -ours of prices. In California there Is a junch of speculatora who Jumped Into the market early and contracted a large part of the crop of that state at 25 cents and over. They expected to make a killing, as they did last year, but they did not figure on the possibilities of bountiful nature. They and themselves now high and dry. stranded by the receding tide of prlcea. and are making a desperate effort to check the de tune, but unavaUingly. A few of their . -i .tat made the same bad i,i.,in bnt the majority of dealers here bad hut little faith In the market from the itart. It waa the unioaaing oy m. um- j i . th. beginning- of the son - - that niuined the eyei of the mass of growers to the real conuiuon. CALIFORNIA ONLY WHEAT BUYER Order From South Keep Market From M agnation. There Is a small California inquiry for wheat, which Is responsible for all that Is doing In the local market. Prices are- barely steady. No new contracting is reponeo. Local receipts. In cars, were reported by the . Merchants Exchange as follows: Wheat Barley Flour Oats Hay .vw ai .. io . . is Tuesday - a -. v.. 4 Tn and - n.-.., ,.h.v ...io n 8 10 Foreign crop condltlona are summarised by the Liverpool Corn Trade News as fol- United Kingdom Th weather continues unsettled, which is untavoraoie lor me crop., i-m drv weather being badly needed. France Only a moderate yield Is expected- but. aa the acreage aown to wheat was large, it la estimated that the total outturn will be of fair proportions. Supplies of na tive wheat are exhausted. The weather has become stormy following yesteraaye im Germany The crops are rather backward; otherwise the outlook is favorable. Supplies of native wheat are light and exporters are till buying on a fairly large scale. The weather is seasonaoie. Russia The crop outlook in the southern halt i. favorable. exceDt In some scattered sections, where moderate complainta are be in heard. In the northeast and center the outlook is favorable. Arrivals at the porta are small, with stocxs decreasing. Rnumania The cutting of wheat has com menced In some parts. The crop of wheat Is ...i .-J ... h. . n avaraaa rmn Inrtl- BUMPER ' eating about 16.000.000 bushels less than last year. Last jear the wneat crop waa piaceu at KO.Ooo.OOO bushels. The barley and oats crops will be -smaller than laat year. The corn crop is backward. Bulgaria The outlook for the wheat crop la generally good. The corn crop Is In need of rain. . Hungary The crop outlook la generally maintained and a good outturn la indicated. WEATHER CHECKS HOLIDAY TRADE Car, of Imperial Valley Watermelons Ar rive reaches From The Dalle. The country demand for holiday produce has not been as good as usual, owing to the doubtful weather, but the orders picked up considerably after 10 o'clock yesterday morning. Among the day'a receipts was a car of Imperial Valley watermelons, which were quoted at 1 cents a pound. Cantaloupes were steady at 2.3al.S per crate. The first Oregon peaches, grown by R. H. Weber, of The Dalles, made their ap pearance. They were of the Mayflower va riety and were quoted at $1GLZ per box. California peachea were In good supply and sold at StcQll per box. Other -deciduous fruits were steady. Another shipment of 500 crates of Ha waiian pineapples, from the Clark farm, ar rived during the day. Berries were In light supply and all kinds were firm. Vegetables generally were steady. A fine shipment of peas came down from The Dallea Beana were scarce. Good tomatoes were also scarce. LATAH , COUNTY CROPS ARE FINE Record Yields Exported es Many Farms. Wheat Never Looked Better. MOSCOW, Idaho, July I. (Special.) At no time at this season of th year did the crop . prospect look so well as they do now In Latah County. The cutting of al falfa hay has Just commenced and the yield is larger than was ever known here with out Irrigation. Fall and Spring wheat never looked so well. A trip from Farmington. Wash., south by Cora. Princeton, Potlatch. Pa- louse. Viola. Troy. Kendrlck. Jullaetta. Genessee and returning to Moscow showed thousands of acres of wheat, oats and bar ley, which it Is estimated will make record yields, although th acreage la' said not to be as large a last year. The season has been Ideal for grain growing, and tim othy hay will yield In abundance and of a fine quality. Fruit trees are loaded, especially with pears and Wlpter apples. The cherry crop will also be heavy. Potatoes never looked better than at thla time. Oraslng and pas ture lands have produced well thla season, due to numerous and abundant rain, and stock of all kinds Is In excellent condition. Wool Bales at Condoa. CONDON. Or.. July J. (Special.) The following sales of wool were made at Con don during the past week: Butte Creek Land A Livestock Company to William Ellery. 111.139 pound at 17 cents: William Kettle to Ellery. 21,1 Is pounds at IT cents; R. Wright lo Dufour, It.tls pounds at li cents: Bert Owens to Dufour. 425T pounds at ik cents. " This leaves about 600.600 Musd of wool to be sold. Th Condoa warehouses have handled more wool this year than ever before. Echo Crops Are Good. ECHO. Or., July i. (Special.) The heavy rains of the past week have been of great benefit to the wheat In this vicinity. The grain crop promises to be unusually heavy. Harvesting will begin Immediately after the Fourth. Some axe already cutting early grain for hay. A number of combines were re ceived In the last week In preparation for the coming harvest. On Friday three com bines and one separator were delivered. Poultry Market Weaker. The poultry market wa well supplied and rather weak. Hens sold at 12 12 ft cents and SDrincs-at 17S17M cents. Dresses The egg market was strong under a small supply and a growing demand. Cheese was In good demand at the ad vanced price. Butter was steady and un chonged. Bank Clearings. Bank clearing of the Northwestern cities yesterday were as lonows: Clear-In era. Balances. Portland 2,6S4,09 $303,212 Seattle 2.290.2f8 246.o47 Tacoma L078iO37 H0.2S3 Spokane 774.054 7S.372 rOKTLAND MARKETS. Grain. Floor. Feed, Eta. WHEAT Track prices: Bluestem, 9c; club 848c: red Russian, 8486c; Valley, 848c: 40-fold, 8c FLOUR Patents 15.10 per barrel: .tralghts. 4.70; exports. 14-20: Valley. S3 10: HAY Timothy. 1417: alfalfa. (11; clo ver, 89; oat and vetch. 1011; grain hay. (9. MILLS TUFFS Bran, (26.W per ton: shorts. 12S; middlings. tSJ. CORN Whole. (39; cracked. 140 pel ton. OATS No. 1 white, (36 37 per ton. Vegetable and- Fruit. BERRIES Strawberries. (1.25 1.50 per crate; gooseberries. 2lfco per pound; rasp berries, (1.6001.65 per crate; loganberries, $lf1.25 per crate. .... TROPICAL FRUITS Oranges, Valencia, K .-iP'i3.25; California grapefruit. 13.6094; lemons. IS-SOOf per box; pineapples. o per pound. FRESH FRUIT Cherries. 210c per pound; apples, old, L6O0 per box; new, (1.75 per box: peaches, 90c (1.25 per box; ...mnii SI Krt nar box: Dlums. (1.25 per box: pears. (1.85 per box. crate; watermelon. 3c per pound. VEGETABLES Artichokes. 5 475c Pr . . haw Vv w haans fa fn aoxen; asparagus. . c; cabbage. 2c per pound; cam- Iiower, ' O per crio; lt' . " crate: corn. 80c per dosen; cucumbers. si per oox; eggplant, ibu neaa lettuce, i- - c per lettuce, 75c(l per box; peas. 7c per pouna; peppers, zwswc per puuuu, , : . . j . .vk..k 'i v. r- npr nound: JOUC per uuu, .... . - . ' " : spinach, 4G5c per pound; tomatoea, ILiegp per box: garlic 810o per pound. POTATOES Jobbing prices: Burbanka old. 1L25 per hundred; new. per pound. ONIONS California red. (1.25 per ear. Dairy and Country Frodnca. LUJ11-IB ccau, or solid pack, 27o per pound; prints, 230 per found. . EGOS Fresh Oregon rancn, canaiea, per dozen. CHEESE Triplets and daisies. 17o per pound. PORK Fancy. iuic per ouuuu. VEAL Fancy, 13c per pound. ruuLini rtens, I - tt . lTfcc; ducks, young, 10c; geese, lo&llc; tur keys, live, 1718c, dressed, 24 & 25c Staple Groceries. SALMON Columbia Blver, one-pound talis, (2.25 per doien; eight-pound tails. (2.05; one-pound flats. (2.40; Alaska pink, ane-pound tails. (l.M. COFFEE Roasted. In drums, 26V4 04M per pound. NUTS Walnuts. lei6M Per pound; Braail nuts. 12 Ha: - filberts. 14 015o: al monds. 17W21o; peanuts. 18c; eocoaauta. DO 0(1 per dosen; chestnuts, 12 He per pound; hickory nuts, 610c per pound. HONS! Choice. (3.76 par -case; strained honey, 10c per pound. SALT Granulated. (15 per ton; half ground. 10V. (8 60 per ton; 60s. (9 per ton, BEANS Small white, 5.40c; large white, t.tva; Lima, .60o; pink. lo; Mexicans, 4fcc: bayou, 4fco. RICK .o. l Japan, Be, cheaper grades. 6fr Olac; Southern head, O07MC SUGAR Dry granulated, (5.85; fruit and berry, (5.S5; Honolulu plantation, (5.80; beet, (5.fc!; extra C, (5.35; powdered, bar rels, (ti.15; cubes, barrels, (tt.2i. Ultimo FRUITS Apples. l4o per pound; apricots, l18i4o; peaches. 12010; prunes. Italians, 10HO10ic; sliver. ISc: tigs, white and blacv. 6fti7o; currants. Ittc; raUica, loose. Muscatel. 8!7io; bleached Taompaun, llc; unbleached Sul tana (He; seeded. 7h,Sfec; dates, Per sian, ifea per pound; Fard. 1.6u par bax. Provtalosta. H A11S All aixes. 17 0 18c; skinned. lTVk 18c; picnic. 12c; boiled, 2olc. BACON Fancy. iiii-oc; choice, lot. 021c DRY SALT MEATS Backs, dry salt, 11 ii fillc; back, amoked, 13014c; bellle. dry salt. ISfec; bellies, amoked. 15a. LARD Tierce basis, choice, l&e; com pound, 9fco; leaf, tn roe -pound palls, fg.64 per case. MiaCKLLANEOUS Pigs feet., kits, (LSI; sliced beef, insides. (2s per caso; dried beef, Insldes, 25c per pound; bologna, canvas back. lOfee; minced bam. 12c , Hop. Wool aad Hide. HOPS lilia contracts. 20c; 1911 crop, 25027c MOHAIR Choice. 2o per pound. WOOL Eastern Oregon. 14019(40 per pound, according to lanQkaft; Valley. 204f 22o per pound. - PELTS Dry, ISO 13c; full wool butcher pelts. (1 2501.7ft;. shearings. 100 80c HIDES Salted hides, llo per pound; salted cair, 20c; salted kip, 11012c; green hides. 10c; dry calf. No. 1, 25c; No. 2. 20o; dry hides, 19$2t)c; salted ataga, 7!4&8c; green stags, tt 07c CASCARA Per pound, 56514c; carlots, 5!4 4f5iiC GRAIN BAGS In car lots, 10 1014c - Unseed Oil and 1 -turpentine. LINBF.ED OIL Raw. barrels. 88c: boiled, barrel. 90o; raw, case. 93c; boiled, caaaa. B5c TURPENTINE Cases. 69c: barrels. So WOOL MARKET STRONG MILL BUYING SOT AFFECTED BY POLITICAL- SITUATION. Higher Prices Are Certain in the Near Future Scoured Oregon .Worth Up to S Cents. BOSTON, July 2. The wool market has strengthened in the last week. The feature has been the demand for medium fleeced wools. Manufacturers appear to be paying little attention to the political situation. While sales already reported will yield deal era a fair profit, higher prices appear cer tain In the near future. A purchase of a million pounds of medium fleeces was made by one manufacturer to be ceiiverea as soon as opened and graded at 20 cents for all grades. Missouri three-eighths blood, 27H'2Sc; quarterblood. 27 Hi? 28c: Georgia, 23 24c Kentuckv and similar half-blood un washed, 29930c; quarterblood unwashed, 30 SOIC. Texas fine, six to eight months, 51053c; fine 12 months, 54i5tir: fine Fall. 43045c California Northern, 61r52c; middle coun ty. 4SS50o; Southern, 47&4SC; Fall free. 43tr45c. Oregon Eastern No. 1 staple. 8063c; Eastern clothing, 53 if 55c; Valley, No. L 48SOc Territory tin staple. 68065c Coffee and Sngar. NEW YORK, July 2. Coffee futures opened steady at a decline of 10 to 18 points. The close was at a net decline ot 8 to 10 points. Sales. 29.750 bags. July 13 47c; August, 13.57c; September, 13.67a; October. 13.74c; No. 4. 13.79c; December. 13.86c; Jan uary. 18.8c; February, 13.85c: March, 13 94o: April, 13.96c; May, June, 13.97c. SDOt oulet. Rio No. 7. 13ic; Santos No. 4. 16Sc Mild quiet. Cordova, 160181sC nominal. Raw sugar barely steady. Muscovado, .OT test. 3.8c; centrifugal, .98 test, 3 SOc; mo lasses. .89 test, 8.05c Refined steady. Hops at New York. NEW YORK. July 2. Hops easy. State, common to choice 1911, 30fi3ac; old olds. 10;K-; Pacific Coast 1911. 34638c; old olus, 14620a, STEEL AGAIN LEADS Comes to the Front With a Sharp Rise in Price. TRACTIONS MOVE UPWARD Xewa From Baltimore Causes Some Heaviness at the Close Payments . to Subtreasury Cause Drain on Xew York Banks. NEW YORK, July ?. Stocks made fur ther upward progress today, the early move ment having; more snap and breadth than any of recent data. A considerable part of the trading was in the Industrials, United States Steel reassumlng Its old-time leader ship at a smart advance. Other shares that participated prominent ly In the rise were the local tractions, which reflected the more favorable phase of the subway situation, Brooklyn Rapid Transit rising to its best price in several years. Shares o the electrical and equip ment - companies also figured importantly, but tobacco stocks were Inclined to react after their phenomenal gains of the last few weeks. . As the session wore on, standard shares participated in the general rise, with gains most marked In Reading, Union Pacific. Northern Pacific ChesaDeake & Ohio and Missouri Pacific Profit-taking later wiped out most of theBe advances and business came to a standstill, but the market's strong understone was maintained up to' the last hour, when some heaviness followed the news from Baltimore. The close was Ir regular. A local feature of interest was the heavy drain of the local banks to the sub-treasury. resulting largely from payments to the Gov ernment Incident to the close of the fiscal year. The loss thus far this week exceeds 813.000,000 and probably win increase, ue suite receiDt from the interior. There was a better demand for long lonn money, but no appreciable change of rates. The only news of Importance from abroad was another fall in consols. Bonds were irregular. Total sales, par value, 8.1,217,000. United States Government bonds were unchanged on call. Closing Sales. High. Low. Bid. AlIiChal pf ? Amal Copper .. 10.400 5H Am Agrlcult .. 2U0 61 ft 61ft 6154 Am Beet Sugar 10.800 74 ft 74 74 ft American Can.. 5,800 34 SSft S4 Am Car A Fdy. 600 60 58 . 58ft Am Cotton Oil. 1.000 54ft 63ft B3ft Am Hd Lt pf ? Am Ice SecurL. 200 27 ft 27 ft 27 Am Linseed :.. 5M 14ft 14ft 14ft Am Locomotive 3.MM 44 ft 43 43 ft Am Smel & Ref 6,000 87 86 86 do preferred.. S00 36 86 35 Am Sugar Ref.. 700 131ft 130ft 130ft Am Tel & Tel.. 1.100 145ft 144ft 145ft Am Tobacco pf. IgOJi Am Woolen ?7ft Anaconda M Co 1.900 . 43ft 48ft 43ft Atchison 5.800 108 ft 107 ft 17 ft do preferred.. 20 102ft losft jus Atl Coast Line. 700 141 140ft 140ft Bait & Ohio... 100 lOSft 108ft lOSft Bethlehem Steel 7t0.. SSft 38ft 37ft Brok R Tran .. 22,600 94 ft 92 ft fun Pacific 800 265 ft 165 26o Central Leather 8,900 27 ft 26ft 27 do preferred ("antral of N J 395 Che & Ohio ... 6.700 81ft 80ft 80ft Chicago & Alton rKi fit w.q, 18 do preferred.. - 84ft Chicago & N W 400 137ft 137ft 13ft C, M & St Paul 400 105 ft 105 104 ft C, C, C & St L 00 Col Fuel & Iron 200 82 ft 81ft Sift Col & Southern v Pnn.nl flam Oftft 11! 142 . 142 Corn Products.. l.'60 15ft 15ft 15ft Del & Hudson.. 200.161) 188ft 16S n A R ftranrie- 2O0 19 ft 19 19 do preferred.. 100 3ft 36ft 35ft Distillers' Secur . 800 38ft 33ft . 83ft Erie 8.800 85 ft 34 34 ft do 1st pr .... 90U o4ft U3ft OS do il Di 43 Gen Electric ... 5.000 181ft 179ft 179ft Gt North pf ... 8.4O0 135ft 135ft 135ft ut North ure. . z.wvu - Illinois Central l-isvi Interbor Met .. 13.700 22 . . 21ft 21ft do preferred.. 16,900 62 60ft soft Inter Harvester 2.100 122 119 120 Inter Marine pf 200 17 ft 17 ft 17 - Int Paper lft Int Pump 600 28 28 28 ft Tnw. Central ........ ..... ..... 13 K C Southern.. 100 25ft 25ft 25ft do preferred. 69 Laclede Gas ... 300 106ft 108 105ft Louis & Nash.. 2.WKI i6ift lavft iwtl Minn A St L ... 600 19ft 19 19ft M. S P A S S M 200 144ft 144ft 144ft Mo, Kan ft Tex am z zs z(ft do Dref erred.. 100 61 61 60 Mo Pacific 2,000 37 87 37ft Nat Biscuit 154 National Lead.. 6.801) BOft 5Sft 38ft N Ry Mex 2 pr. 4"0 32 32 32 ft N Y Central ... 500 11 117ft 117ft V Y. Ont A Wes 1.40O 33 30ft 32ft Norfolk 4 West 2.90O 118 115ft 115ft North American 400 83ft' 83 83ft Northern Pic. 5.000 121ft 121 121ft Pacific Mall ' 32 ft Pennsylvania ... Z.60O 124ft lzaft 124 Peonla'a Oaa 113ft P. C C tc St L.. 10O 108ft 108ft 108ft Pittsburg Coal.. OIK) 22ft 22 22ft Pressed S Car.. 100 3ft 8ilft 36 Pull Pal Car .. 800 362 161ft 161 Rv Steel SDlrng 1.200 36ft 3 38 Resding 83,500 1B8'4 16ft 167ft Republic steel., z.bou zs ft .in y do preferred.. 20 86ft 86ft 85 Rock Island Co 900 25ft 25 25 do preferred.. 4(f0 61 50ft 50ft St L ft S F 2 pf 100 8T 37 6ft St L Southwest. 32 do preferred. 73 Rln Sheffield .. 600 68 57ft 56 Southern Pac .. 1.100 110ft 110ft 110ft Southern Ry . . . 5.500 29 ft 28 ft 29 do preferred.. 1.500 75 74ft 74ft Tenn Copper ... 1,800 45 44 44 Texas ft Pac 23 Tol. St L we - ain 14ft 14 n do preferred.. 200 30 39ft 29 Union Pacific. 20.300 170ft J69ft lttOft do nrarerred.. too HO V a Realty ... T.OoO 84 81ft 87ft U S Rubber ... 4.300 67ft 60ft 67 U S Steel .oo -iz n 71 do preferred.. 1,000 112ft 112 111 Utah Copper .. 1.200 63ft SSft B3ft Va-Caro Chem.. ft"" 4ft 4ft 48 ft Wabash 1.400 .4ft 4ft 4ft do preferred.. 900 14ft 13ft 13ft Western Md '. 66 Westhlng Elec. .3,500 7Tft 77 76ft Western union. boo sft us ft ss Wheel ft L E 7 Lehigh Valley.. 5.800 173 170ft 171ft Chlno Copper.. 1.3O0 34 33ft 33ft n . n mm noil .IO nay v.oiihui ... -,..". f - Am Tobacco ... 5.800 822 810 312ft Seaboard Airline . zoo 25ft 25 24ft do preferred.. 1.200 54ft 64 54 ' Total sales for the day. 419,400 shares. BONDS. . Furnished by Overbeck ft Cooke Co., ot Portland. -j Bid. Asked. Amer Tel ft Tel conv 4s 114 115 American Tobacco 4s Soft .... American Tobacco 6a 120ft .... Atchison general 4s. . i 97 ft 98 Atchison conv 4s 107ft 107ft Atchison adj 4s stamped 90 90ft Atchison conv 5s t. 107ft 108ft Atlantic Coast Line cons 4s.... 94ft 95 At Coast Line "L ft N coll" 4s. 4 94ft Baltimore ft Ohio Sfts 91ft 92 Baltimore ft Ohio 4s 97ft 89 Brooklyn Rapid Transit 4s 94 ft 94 ft Can Southern first 6s 101 101ft Chesapeake ft Ohio 4fts 99ft 100ft C B ft Q gen mtg 4s 96 96ft C B ft Q joint 4s 90ft 9ft C B ft Q Ills 4s 9!.ft 100 C B ft Q Denver 4s : 96 96ft r.nlrnl Tar!flft first 4H. 95 ft 96 Chicago & East Ills 4s 79 80ft Chicago P. I ft P ref 4s 8 8ft Chicago R I ft P Col trust 4s... 6ft 69ft Colorado ft Southern first 4s... 94 ft . 95 ft Denver ft Rio Grande 4s 8.1 87 Del ft Hudson conv 4s 89 . 89ft Erie first cons P L 4s 89 ft 90 Int Met 4ft s 83ft 83ft Japanese 4s 85 87 Japanese first 4fts 97 , . .... Japanese second 4fts 91 .... Louisville ft Nashville unl 4s... 98ft 99 Mo Kan ft Tex 4fts 87 89 Missouri Pacific 4s 71 i3 New York Central 8fts 87 . 7ft New York Central L S 3ft 81 . Sift New York City 4s 92 93 New York City 4fts of 1957 106ft W7 Norfolk ft Western 4s 89ft X Y Ont ft W 4S 3ft 94ft v.,i,.r. ! i f I -p T . 4a - 90 92 Northern Pacific 3s 69, 6ft. Oregon Short Line 4 93 ft 4 Oregon Ry ft Nav 4s .... 95 Penna Ry 4s of 1948 103ft 104 Philippine Railway 4s., 8ft Reading general 4s 93ft 93 Republic of Cuba 5s - - IP; ft Southern Paclfio first ref 4s.... 94 ft 95 Southern Pacific col 4s 90 91 Southern Railway 4s 8 ift St L ft S F ref 4s... 7ft 18 Union Paclfio first 4s 101 JJlft Union Pacific conv 4s -...101ft 102 Union Pacific ref 4s.. 9ft 97 United States Steel 8 F 6s.... .102 ft - 102 ft r-nlted State 2s registered 100ft 101 United State 2s coupon J2 ixi? United States Ks registerea i".- - United States Ss coupon 102 0?? United Slates 4s registered 114 United Staten 4s coupon 114 1TiV United Railway S F I .,.i-j 06 0W United Railway St X. 4s .... 76ft JJH Wabash first 4s , 71 71ft Western Union 4fts ( Wbstlnghouse oonv 5s..... 96 ooft Westlnghouse conv 5s ?'?'' Western Pacific 5s.. 84 85 Wisconsin Central 4s 91ft 93 West Shore 4s.. 99ft 100ft Mining Stocks at Boston. BOSTON. July 2. Closing quotations: Alloue 47ftiMohawk 70ft Amalg Copper.. 84ftiNevada Con 22ft A Z L 4 sm... 32 INIpissing Mines. 7ft Arisona Com .. 5ft North Butte..... 80ft B ft C C ft S M. 7ftNorth Lake 6ft Cal ft Arisona.. 78ft,01d Dominion... 0i ft Cal ft Hecla 621 (Osceola i'AS,, Centennial 24ft:Qulncy 92 ft Cop Ran Con Co 59 Shannon Ibft E Butte Cop M. 13ft!Superlor .... 46ft Franklin 12 Sup ft Bos Mln... 2 Glroux Con SftlTamarack ...... 43 Granby Con ... 55 U S 8 R ft M... 45ft Greene Cananea. 10ft do preferred... 63 I Royalle (Cop) 84ft Utah Con ...... "ft Kerr Lake. 2 ft .Utah Copper Co. 63 ft Money, Exchange, Etc. NEW YORK. July 2. Money on ciill. steady, SftS3 per cent; ruling rate, 2ft; closing bid. 2ft; offered at 8. Time loans, stronger; 60 days, 3 per cent, 90 days, 3ft 83ft per cent; six months, 4 4ft per cent. Prime mercantile paper, 44ft per cent. Sterling exchange steady, with actual busi ness in bankers' bills at $4.85 for 60-day bills and at M-87S5 for demand. Commercial bills. $4.84 ft. Bar silver. 61ftc. Mexican dollars. 48e. Government bonds, steady; railroad bonds, firm. LONDON, July 2. Bar silver, quiet. 2Sftd ... bgOI' c nanf Pit 0,1 per ounce; raouey, kc' -; discount for .hort billa. 2 11-16 2 cent; no, ureo nouuu u'"D, - per cent, SAN FRANCISCO, July 2. Sterling on London Sixty days, $4.84ft ; do, sight, 4'silve'r bars 61ftc. Mexican dollars nom inal. Drafts,' sight, .02; do telegraph, .05. Condition. of the Treasury. WASHINGTON. July 2. At the begin ning of business today the condition of the United State Treasury was: W5fte2 baJanC' ,U ..T"""'y 8.852.977 oiiices , ' o 000:105 Total of the general fund was.. 165-"J'2 Receipts yesterday were... ' Sii SnS Disbursements yesterday 1,011,000 as against a deficit of 81,481.112 at this time last year. . These figures exclude Panama Canal ana public debt transactions. - SAX FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City for Vege- - tables. Fruits, Etc. ' SAN FRANCISCO. July 2. The follow ing produce prices were current her today Fruit Apples, choice 11.25; common, ieo; Mexican limes. S60t; California lemons, choice. 85; common, tl.50; navel oranges, 1.502.75; pine apples, $2.503.50. Cheese 1517c Butter Fancy creamery. 26ftc. Eggs Store, 23c; fancy ranch, 26c Vegetables Cucumbers, 654p75c; garlic 2J3c: green ptas. 1.502.25: string bean 2ft 4c; asparagus. J1&1.25; tomatoes, 60 75c; eggplant, 56c Potatoes River Burbanks, 90cl.J5, Oregon Burbanks. 1.251.50; Early Hose, 75c4f81. - . ' Hay Whest. 15.5021; wheat and oats. 15. 5019; alfalfa, llli- Recelpts Flour. 7530 quarter sacks; wheat, 600 centals; barley, 1745 centals; oats, 1940 centals; potatoes. 4205 sacks; bran, 20 sacks; hay, 249 tons; wool, ,204 bales. , ' Metal Market. ' NEW YORK. ' July 2. Copper quiet; .tandard spot and July, 1717ftc; Au"st: 17ft17ftcr September, 17.2o17.32ftc; electrolytic. 17ft17ftc; lake, 17ft17ftc; casting, 17ftc ..on Tin weak, spot, 46.8046.80c; July, 45.80 046.30c; August, 45.2545.75c; . September, 44.7545.25c - Lead quiet, 4.40 4.50c Spelter quiet, 7.107.35c. Antimony quiet, Cooksons, 8.00c. Iron firm, unchanged. Copper exports this month 25 tons. Lon don copper easy. Spot, 76. 15c; futures, .J? 1 .1 ..u. nf fin. 76 tons. , 1 1 n mi, uvk.i - . ' London tin quiet. Spot, f207 10; futures, r a H o t 3 1 .nnnrtfl 203. London ieaa in " spelter, 26. Iron. Cleveland warrants. 56s 9d In London. Dried Fruit at New York. .n.n- vt-DV T,,iu 4 RvannratAil anoleS Inactive and without new feature. On the spot fancy are quoted at 910ftc; choice. 89o; prime, 7ft 7ftc t. Prunes steady with a fair trade, although reports of an export demand are thought to be exaggerated, vjuotanuu. to fto for Calif ornlas up to 30-40s and Ma to 8fto for Oregon. " At ... -hnlce. 6ft6ft0: raGun uuu .'"- -J -- extra choice, 77ftc; fancy, 7ft 6 9c Chicago Produce Market. nmninrt T , . 1 1, r Tlllltrr. SteSdV. 00111- erles. 23 25c; dairies. 21 24c Eirgs. steady; receipts, 18.328 cases; at mark, cases included, 16 17c: ordinary firsts. 16ftc; firsts. 18c. ,,.,,. .. Cheese. s;eaay. ushiw, 'rAiu. uvMt.. vnnnt Americas. 15ft15ftc, Long Horns, 15 15 ft c Naval Stores. SAVANNAH. Oa.. July 2. Turpentine .. - .si soij(iaL sa lost ui- rurnlnta. 1221: shipments. 67o; stoc ks. ... Rosin i u in . .Me, - .v shipments. 749; stocks. 86,363. Quote: B, 5.65f 5.90; D, MM0: E 60: F, U:SSr K. V;"m. WO? ,7:25; W 87.357 WW, II.WI.M. New York Cotton Market, ... oath. t1v o fTotton future closed steady. Closing Mds: July, 11.26; August, Dejiieumci, t . v; - - 11.51; November, 11.65; December. 11.61; January. "-6-V.. February. JLucBj. fhrt 11.64; April. ".00; ."Tk rTn ",,Tf quiet. ai.aaiinK up."-.. - 11.90. Sales. 33 balea. Karopctui Grain Markets. LjKJr UJI, iuiy v.o . . Walla, September-October shipment, 381 wt jRSllsn country iui"i , country market, quiet. nr4nnni-a-.T T,.lv 9 Plnaa Whunf- July. 7s October, 5s 5Id; December, fs WMinr, wuuu.' niutotine and Naphtha Higher. ..m. waott Tutu o Tha Stantinrfl Oil rr.vv iwn, a uij . - a... .nnAiinnAfi nn inftrAAili Ox A uomptuiy cent per gallon on an bi -"- gasoline. - Wool at Si. Loala. n. . nrfia T1wr WnnLfitAlHV. TftrH tory and Western mediums, 2224c; fine me dlums, lMffoc; uc jom-.v - Port Or ford School Finished, wiht fipponn. Or.. Julv 2. (Sre .li Dnrt nrfnrd'e nRW S5000 school vlinlnff wax r-rvmnlatarl this week by contractor C 1. rearse ana accepieu by the School Board. The desks and other equipment win oe installed iui- mediateiy Vis itors from every state in the Union will soon throng the city. Our miles of bitu lithic paving will create a fa-, vorable and lasting impression. Boost for more bitulithic! J.C.WILSON&CO. STOCKS, BONDS. GRAIN AND COTTON MEMBERS NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE CHICAGO BOARD OF TRADE THE STOCK AND BOND EXCHANGE SAN FRANCISCO. PORTLAND OFFICE: Main Floor Lumbermens Bank Bldg. Finn and star. ... Phones Marshall 4120, A 4187. DAMAGE TALK ENDS Rains Put Wheat Traders in Bearish Mood. CHICAGO MARKET DROPS Iiongs Unload Freely and Short Sell ""ins; Follows Reaction late in Day Causes Recovery of Part of Loss. CHICAGO. July 2. Sentiment turned bearish today regarding wheat. The basis was the general rainfall covering the Spring crop country last night and thle morning. All talk of crop damage Northwest had to stop for the time being as a result of the plentiful deposit of moisture In the Dakota and Minnesota. Beside there were predic tion of further showers In the same sec tion tonight. Longs unloaded freely. Con siderable short selling wa done until the market began to react, owing to fear that the harvest and the crop movement Soutn west would be delayed by wet weather. Prospect of a big decrease In the world s available supply helped also to remedy prices to some extent. Com weakened In consequence of line weather and the eagerness of cash demand, as weir as because of the setback to wheat. Heavy liquidation in July formed the cnior feature In the oats trade. Dealers reported increased offerings irom mo imuun. . , , , V, & wnrlii Stock of A 1 1 II v v in.ccBa ... ... " lard counted against provision prices. The leading futures ranged a follow WHEAT. Onen. Hlirh. Low. CI lose. July. 1.06t4 $1.07 1.03 i.o Sept. 1.03 V4 1.04 CORN. 1.03 K July gept. Dec. ... .7SK .74 .72 ... .71 .71 .704 ... .63 .6214 .61 OATS. I.. .44 6 ... .38 Mi .38 7 .38 Vs .73 .621 July Sept. .4514 .38 14 MESS PORK. ...18.37Mi 18.42 18.2S ...18.7714 18.85 18.65 ...18.7714 18.7714 18.55 LARD. July Sept. Oct. 1 an 18i7214 18.6214 July Sept. Oct. 10.70 '.7.'lo!714 11.0214 ...11.0714 11.10 10.80 10.97H 10.02 11.00 SHORT RIBS. ...10.8714 10.37V4 10-35 in r.7ii 10.60 10.60 July 10S5 Sept. 10.5214 Oct. 10.B0 10.50 10.42MV Cash quotations were aa ioiiow.. Flour Easier. Rye No. 2. 76c. . Barley Feed or mixing, 60 673c; fair choice malting 3c$1.10. Timothy seed 7igil0. Clover seed 1418. Pork Mess, 18.37 14 18.50. Lard In tierces, J10.70. Short ribs Loose, 10.35. to A. V, f ana flnur Were loiai cicftiauixi ., .... equal to 318,000 bushels. Primary receipts were 20b,uyu pusneis, cumpvsu w.fc the corresponaing uay a aw. . .1 Inmnrmir: -Wheat. 2. UWinu ' . " - 1 cars; corn, 226 cars; oats, 131 cars; hogs 27,ouq neaa. Grain in San Francisco. SAN FRANCISCO, July 2. Spot quota tions: Walla Walla, S1.601.62H; red Rus sian, ei.outy i.o; -n , . , "w . bluestem, 1.65 1.6714 ; feed barley. l.2'i & 1.47 It: brewing, nominal; white oats. noni. inal; bran, 27.5028; middlings, 833d; shorts, $32. Call board sales: Wheat No trading. t ... . i 91 init nr eentiil jsarioy irtjuwuuc, , May, J1.45 bid, 31.16 asked per cental. Minneapolis Grain Market. " ..,....7 . t.fii rg Tulv 2 TTlnae! "Wheat July 81.0O14 : September, (1.0414; Decern. 'raTia, 11.12: No. 1 Northern. 1.104 I o wneat, ex.v, w m Flax, Barley, 55&05C. .,, Corn. No. 8 yellow, 73i97814c. Oats, No. 3 white, 48 14 49c. Rye, No. 2. 70c Bran, t21fe 21.50. - Fnset Sound Grain Market. .1AVU". ."".'u EQ. Milling. Tlnaafa-Tri 83c; club. 82c. Receipts, wheat 7 cara, corn H cars, oats z cars, najr -. . n-r..mnif ut T,.1st O TXT Vis. a t "R1 11-tTT! 2c; fortyfold, 87c; club. 87c; Fife, 87c; red Russian. oTC xe.Bteraays car rweijua, uoo 10, nay i, iiour , com . Duluth Flax Market. vm TTitirr T..1 O Plnaa T.fnArl nn Lignum. -- irr O " track, to arrive, w.2u ; Juiy, -.-'' "i; tember. $2.0414 bid: October, $1.93 asked. - AMERICAN Largest S.S. Oe. In the World 1.210.000 TONS) Atlantic Service London, Paris, Hamburg l4lTa Tiilv If. 9 P. "M. Pre.. Lincoln July 18, 9 A. M. Cleveland July Z3, V A. ai. tifatrlcia July 31 (Second cabin only. IW111 call at Boulogne. MEDITERANEAN CIBBALTAB. NAPLES, GENOA. S.S.M0LTKE, August 20, 11A.M. 8. S. Hambnr;...Sept 19, IP. M. Two Ideal Cruise AROUND the WORLD INLAND EXCTRSIONS ivn smK TftlPH Optional 14 DAYS IN JAPAN Tours 17 DAYS IN INDIA Oct. IB, 1912 Feb. 6, 19 IS From New York From 8an Fr"sco SS S. S. CLEVELAND ggg&Mo !1y1 $650 up Includltic all necessary expenses aboard and ashore, railway, hotel, shore excursions, carriages, guides, fees, etc. SUMMER CRUISES To the LAND OF THE MIDNIGHT SUN. Eight delightful cruises dur ing June, July and August, from Hamburg to Norway. Nortn Cape, Spitsbergen, Iceland, etc, DUBATION 14 TO 6 DAYS . Cost $62.50 and up. Splendid service, large steamships "VICTORIA LUISE." "KRONPRIN ZESSIN CECILIE" and "ME TEOR." Write for booklet of any crule. Hamburg-American Line 190 Powell St., Ban Franclco, Cal.; O -W. - N. Co Nor. Pacific. D. R Bjrllngton Rout, Mll nkM A Pucet Sound H. R NEW YORK-PORTLAND REGDLAK FKiaUllI- SiiiJtVK-A. UwKstes, Scadul i irav . AMERICA -HAWJIM S. S. Ca tie Railway Ezrtsag Blt rartlaaa, Osv air,- II Great Northern Ry Co. VV Dor ley B. Smith, 69 5th fiu, Portland, ur. MM Copyngu.. y THE UNITED STATES NATIONAL BANK PORTLAND, OREGON UNITED STATES DEPOSITORY Capital . . . . . $1,000,000 Surplus and Profits $1,000,000 OFFICERS J. C. A INS WORTH, President. R. W. SCHMEER. Casnler. B., LEA BARNES. Vice-President. A. SI. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on ALL FOREIGN COUNTRIES Lumbermens National Bank Ask or Write Us for Booklet on Savings WE PAY 4 PER CENT v Interest on Savings Deposits Capital - - LADD & TILTON BANK . Established 1859. Capital Stock Surplus and Undivided Profits... Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, avail able in all parts of the vorld. OPTPICKRS W. M. Ladd, President. Robert Howard, Asst. Caahlea, Editard CooklnKUam, VTlce-Pre. J. V. Ladd, Asst. Cashier. W. H. Dnackley, Cashier. Walter M. Cask, Aat. Cashier. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the Rocky Mountains The Canadian Bank of Commerce INCORPORATED 1867. bead Off! Toronto, Canada. London 8 Lombard Street. Over two hunflrea other branches In the n'toa States an Can ada. Every care taken of collections. Drafts on all foreign countries ana principal cities In United States and Canada bought and ,0ld. and. a. general banking; business transacted. Interest allowed on Time and Special Deposits. PORTLAND BRANCH, SECOND AND STARK STREETS F. C, MA LP A 9, Manarei. ln ' The StrceP one oft : iV;0.-v;VK portant factors in city building. BARBER ffl tli- ASPHALT meets the most exacting require- fc j : I rl ments of business and suburban districts. K f i ' " " ' TRAVELERS' GUIDE. SYDNEY SHORT LINE .a navo SmTtV BAV FRAXCISCO Via HONOLULD and TCTCILA (SAMOA) Snlendld Steamer of Oceanic steamship I. (SoreekeU Line), 10,000 tons displacement, sail from San Francisco. July 2. July 60 after on a 19-DA1 SEBVICK TOslN'EV, ROUTE TO THE ANTIPODES. San Fran cisco to Sydney, 1st class, 200; round trip MOO Round world, S600. 1st class; 8375 2d class, via Ceylon and Mediterranean. (Stop- overs. HONOLULU $110 AND BACK 1st l..a Nalllnm. JllIlA t2. Jul 2. 16. SO OCEANIC STEAMbltlP CO., 673 Market St EXPRESS STEAMERS FOR Ban Francisco and Los Anareles WITHOUT CHANGE a a 1tBr.AV1.-R. anils fi A. M. Jnlv 6. THE SAN FRAN. PORTLAND 8. 8. CO. Ticket Oince ls -xoxro Diwrfc Pbone: Main 605. A 1408. Steamer Anvil Sails from Couch-Street Dock Wednesday, July a. i r-. ixi. For Newport, Florence and Banden. trralaht anH passensers. Frank Bollam, Clly Ticket Agent. 128 Third. Phones: Main 628: A 4596. a E. Brown, Frt. and Pass. Agent, Couch- gt. UOCK. ruoawi aua oox, a hw. $1,000,000 .$1,000,000.00 . 800,000.00 Tfew York 18 Exehansr FUe. TRAVELERS' GUIDE. Canadian Pacific "EMPRESSES OF THE ATLANTIC" AND OTHKH STKAMbilll'a. MONTKliAU UUEBEC AND LIVERPOOL VIA THE SCENIC ROUTE TO EUROPE 1000 MILES ON THE ST. LAWRENCE RIVER AND -LESS THAN FOUR DATS AT SS 2633 MILES, PORT TO PORT THE SHORTEST OCEAN PASSAGE First Cabin.... IB2.SO and ap Second Cabin 5S.7S and up One-Class Cabin (2d-class S60.00 and up Third-Class Lowest rates oa reUet. Canadian Pacific office, corner Tlilrd and Pine (Multnomah Hotel bldg.), Portland, and all local agents San Francisco, Los Angeles and San Diego Direct S. S. Roanoke and S. S. Elder gall Every Wednesday Alternately at a P. M. NORTH PACIFIC S. S. CO. 12 A Third St. Phones Main 1S14. A 1M4 COOS BAY LINE STEAMSHIP BREAKWATER Sails from Alnsworth Dock, Portland, t 9 A. M., July 2, 9. 14, 19. 24, 29; August 3, 8, 13, 18, 23, 28. Freight received at Ainsworth Dock daily up to 5 .p. M. Passenger fare first-class, $10; second class. $7, including- berth and meals. Ticket office Alnsworth Dock. Phones itain 3600, A 2332.