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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 6, 1912)
I 19 THE 3rOI?'TXG QREGOXTAX. SATURDAY, JULY 43, 1912 WHEAT ENOUGH EAST Prospects for Rail Shipments From Coast Are Small. CROPS THERE ARE BETTER Dealers Xow Are More Disposed to Take High-Priced Ships and Steamers on Export Account. Xo New Crop Contracting. Th outlook for wheat goln East from the pacific Northwest this season In becom ing dimmer with the improvement In crop prospects In the Kuatern states. The bright er crop conditions there were reflected yes terday on the Chiraso wheat market by the ftharp drop in prices. It is probably be cause of this change in the situation that dealers here are more ready to take high priced ships. Several have been chartered at 40s and a steamer has been taken at 42s. New crop wheat contracting seems to have ceased temporarily. A small lot or two were recently bought around Lewlston and an occasional deal has come to light at oth er points, but buyers, as a rule, are not op erating, according to the advices received from country districts. Under the circum stances It is Impossible to quote new crop prices accurately, but nominal values are given at SO cents for club and Ki or 84 cents or bluest em. Both buyers and sellers are lacking to make a market for spot wheat. A few bids have been made on new crop barley, but no recent contracts have been reported closed. The East has a good bar ley crop this year, and if any rail shipments are made from the Northwest, they will be small. Local receipts In cars were reported by the Merchants Exchange as follows: Wheat Barley Flour Oats Hay Monday 32 Tuwiar 4 Wednesday .... 9 Thurs. and Frl..22 Vear ago Thurs. and Friday ..1!) jo 2 W 10 i:; WOOL VAU'ES ARK XOT YET HXED. rrire in Selling Market Almost Certain to Be Higher. Values of wool are hardly established in the Eastern market yet. -The sales of half blood, three-eighths and quarter fleece,- re ported last week for future shipment, are understood to have been made at 2ft cents, according to the Boston Commercial Bul letin. Some other lots Involving quarter and three-eighths blood are reported sold at :: cents. On the other hand, a large dealer Htates that he has a selection of Ohio quar ter blood, rather better than the average, for which he has been unahle to get a better offer than 28 cents. Still again. Missouri quarter blood could not probably be obtained In St. Louis short of lS v, cents and at that there are no accumulations at that point. Furthermore, while the sales reported shove will unquestionably yield the dealers a fair profit, there Is no question but that later prices must be even higher, considering i he prices ruling in the West within the last three weeks. The situation In the goods market appears to be rather unusual this j-ear, at least so far as heavy weights are concerned. It would appear that buyers of goods failed to get a sufficient yardage on their initial or ders and this fact, together with the strike difficulties experienced In the Spring, has caused somewhat of a rush to cover later on, which would seem to account for the contin ued steady purchase of wool more recently. Repeat orders on heavy weight men's wear, both worsteds and woolens, are re ported as coming along In very satisfactory volume and it would appear that the mills have ample orders to keep them running for some time. Dress goods are also In better position and repeat orders are showing considerably lar ger yardage of goods to be turned out this year both because of the better statistical position of the market and because of the fact that changing styles are calling more goods per suit. In brief, the goods, market Is not only healthy but also active. FRUIT TRADE IS AG A IX VERY LARGE Front Street Hell Supplied With Nearly All Varieties. Front street was liberally stocked with nearly all kinds of fruit yesterday, but the demand was again very large, and the bulk of the offerings were worked off before the day closed. Among the arrivals were two cars of mixed California fruits, which sold at gen erally steady prices. A car of cantaloupes was also received. Cantaloupes sold at the old price, but there has been a 40-cent advance In California, and that will mean higher prices here on the next shipments. Thompson seedless grapes from Coachella are In the market and quoted . at $2.50 a crate. Hawaiian pineapples are cleaning up fast. Berry receipts of an kinds were light and orders could only be partially filled. Rasp berries sold at $2 a crate, black caps -at $1.73 and logans at $1.25$ 1.4a Onions are firmer because of a 25-cent ad vance In California. Growing PrmMd for Eggs. Egg receipts were small yesterday and the demand was strong. Candled stock sold at 25 cents. There was a good supply of poultry of all kinds and buyers were not keen to take hold. Prices held steady. Dressed meat receipts were small. Fancy veal sold at 13 to 13 S cents. There were no new developments In the butter or cheese markets. Good Price for Valley Wool. Wheeler Brothers, of Sand Ridge, mar keted their wool clip of 5000 pounds In Leb anon a few days ago. The price received was over 23 cents per pound. Bank Clearings. Bank clearings of the Northwestern cities veaterdav were as follows: Clearings. fort land i.441.;;ic Balances. $'110,247 lrtfi.46p 2Vt.n4 65.3S4 Seattle 3.S." Taom sii-.i. tin Spokane 866.yJ rORTLAXD MARKETS. Grain. Flour. Feed. Etc. WHEAT Track prices: Blues'tem. 90 92c i club. fU&Sftc: red Russian. 84 Q 86c ; Vslley. M -firs tie; 40-fold. SAc. FLOCK Patents $5.10 per barrel; itralghts. 4;70: exports. $4.20; Valley. $5 10; HAY Timothy. $14$ 10.50; alfalfa. $12.50; Hover. $10; oats and vetch, $12; grain hay. $0- MILLSTUFFS Bran. $25 55 per ton; horta. $28; middlings, $31. CORN Whole. $39; cracked. $40 pat ton. OATS No. 1 white, $36937 per ton. Dairy and Country Prodfnea, BITTTER Oregor? creamery batter, eube. or solid pack. 27c per pound; prints, 23a per pound. EGGS Fresh Oregon ranch, candled. 23c per dozen. CH EESE Triplets and daisies, 17c per pound. PORK Fancy. lOQiofec per pound. VEAL Fancy. I3i HSn per pound. POULTRY Hena, l212Hc; broilers, ITV:C; ducks, young, 10c; geese. 10 11c; tur keys, live, 17316c; dressed, 24 6 25c Vegetables n Fruits. BERRIES Strawberries. $1.251.50 per crate; gooseberries, 22Ko per pound; rasp berries. $1.7."2.00 per crate; loganberries. I1.2A&L40 per crate. . TROPICAL FRUITS Oranges, Valencia, $?.S0a3.2.V California grapefruit. $3.5004 lemons. $5-50 t per box; pineapples, to pei pound. FRESH FRt'IT Cherries, 44?10c per pound; apples. -old. $1.50 6 3 per box; neir. U.73-2 per-box; peaches, 90cr$l per box; currants, $1.."i0 per box; plums, $1.25 per box: pears, $1.35 per box; prunes, $1.40 per box. MELONS Cantaloupes, $2.2."Q2.50 per crate; watermelons. 3c per pound. VEGETABLES Artichokes. 650T5 pel 11.755 2 per box: garlic. S&10c per pound. POTATOES Jobbing prices: Juri.D. old. $1 91.2ft per hundred; new. per pound. Provisions. HAMS All sues. 17 ISO, skinned. 17 9 18c; plcn'cs. 12c; boiled, 2tVia BACON Fancy. sc; choice. 304 DRY SALT MEATS Backs, dry salt. 11H 012c; backs, smoked. 13(0 14c; bellies, &?j alt. 13Vc; bellies.-smoked, loo. - LARD Tierce basis, choice. 1334c; coin pound. 94c; leaX -tnree-pouud pails, per case. MISCELLANEOUS Pigs feet. kits. $135: sliced beef, in sides, $23 per ca?e; dried best insid.es. 25c per pound; bologna, canvas back. lOfec; zninced ham. 12c Linseed Oil and Turpenttna. LINSEED OIL Raw, barrels. 88e- boilsd. barrels. 0c; raw, cases, USc; boiled, cases, TURPENTINE Cases. 6c; barrels. ftftftt SHEEP MARKET ACTiVE LARGK SALES OF WETHERS ANT) LAMBS AT STOCKYARDS. Load of Choice Steers Sold at $7. Lightweight Hogs Firm nt $8. Day's Run Good. There wu a. good run of stock available at the yard, after the holiday, sheep com prising most of the offerings. Trade -was brisk throughout the day and prices were well maintained. The sale 'of a load of top grade steers at $" was the feature of the cattle market. Four loads were disposed of at f6.i0 to $6.90. The best cows on sale brought i.50 to J5.S5. Choice calves again sold at JS. Six loads of California cattle were among the receipts. - The hog market was firm at $S for choice light-weight offerings, two loads going at this figure. Most of the sheep put on sale were wetbr era. wbich ranged In price from $4 to J4.45. A small bunch of poor ewes sold at $-.60 and .- was paid for a large bunch of-lambs. Receipts yesterday were 1S3 cattle. 74 calves. 3K1 hogs. IMja sheep and 7- horses. Shippers were: Ed Hancock. Idaho Falls. 2 cars of hogs; James Cole. Huntington. 1 car of horses; Watson Brothers. .North Pow der. 1 car of horses; J. K. Huston, Cald well, 1 car of horses; J. C. Hinton, Tcrre bone. 4 cars of sheep; James Wilson, Shan iko, 1 car of cattle; W. B. Cowne, Shan iko. 1 car of cattle; E. E. Hunt. Hums Fer-T. 1 car of sheep; L. E. West. Oakland, 1 cars of sheep; I M. Lacey, Koseburg, 2 cars of sheep; A. O. Gale, Amity. 1 car of hogs; F. H. Decker, Salem,. 2 cars of sheep; W. R. Irishman.- Roseburg. 1 cars of sheep; Edson A Faulke. Gazelle. Cat., 2 cars of cat tle and calves; C. F. Cassldy. Gazelle, Cal.. 4 cars of cattle: Walter Tate, fitltes, Idaho, 1 car of hogs, and Lloyd Transfer Co., Se attle. 1 car of horses. The day's sales were as follows: Weight.-Price. ...1510 J4.00 ...1JJ5 6.50 ... 1X0 8.O0 ... 87 4.00 ... KS 2.60 ... 9rt 4.30 ... 9S ' 4.30 ... 91 4.00 ...1144 7.00 ...1415 6.50 114 6.90 ...11S7 S.SS ..,1190 B.85 ... 1013 6.50 ...105li 5.00 .., t23 5.60 1125 R.13 ... 5 65 ...1092 5.1S ... 9x0 5.76 . . . lo:'5 n.7.-i ... tr. .2S . . . lf 8.00 . .. 231 J.00 ... 2i( 7.50- ...1140 6.25 ...1450 4.73 ...1315 3.25 ... 64 5.00 ... 9S 4.45 ... 100 4.25 ... 190 8.00 ... 305 7.50 1 steer . 23 steers 37 wethers ...... ...... 13 ewes ................ 2tli wethers 277 wethers ............ 271 wethers 23 steers 2 steers 22 steers, 25 steers .............. 24 steers .............. 3 steers .............. 3 cows ............... 24 cows 4 rows 20 cows ............... 4 cows ..:............ 1 cow 30 cows J heifers 53 calves 15 calves - 1 calf . 1 stag 1 stag -. 2 bulls S0r lambs .............. 2fi0 wethers 290 wethers 89 hogs ...--. . hrura .............. The range of prices at the yards was as follows: Choice steers .2..i J ..00 Good steers 00 0.2a Medium steers f if J-JJ Choice cows Hx Good cows ' 5 && J-J5 Medium cows S.OOifc) S.50 Choice calve. 7.00 W J. 00 Good heavy calve S"S?S f'SX Ftuii. 3.50 5.00 Stag. .75 6.00 Hogs Light Heavy '............- Sheep Yearlings Wether, - Ewes ................... Lambs T.BO 8.00 6.25 S 6.70 3.00(9 4.25 2.50 4.00 3,00 U 3.75 4. ill 4? 6.00 Omaha livestock Market. nA..n.r tr -tTTlv S r'.Mli Re. celpts 100: market steady: native steeis. S0.25ftf 9.-5: COWS ana m-uera, r.i.v Western steers. a.25S.; Texas steers, I4.73&6.23; range cows and heifers. SiOt w 5.O0: canners, 2.50',t4.25: stpckeri and feeders, $4.001 S.30; calves. 4.7&t''7.io; bulls, stags, etc.. I4.0096.SO. . . Hogs Receipts 4200: market shade stronger. . Heavy. $7.10 7.30; misted $7.20 7.1!5; light. t7.lOff7.3-JH: pigs. tO.00M.OO; bulk of sales. $7.i06 7.25. She;p Receipts 3000, market steady. Yearlings, . S5.2oe 5.50; wethers i $4. jnyu.'JO. ewes. $X754.W; lambs. $.J58.2u. Chicago livestock Market. CHICAGO, July 6.-Cattl Receipts 2000; market steady to shade higher; beeves. 7.io &7K0; Texas steers, $5. So 7.40; Western steers. $6.25ffl7.70; stockers and feeders, 4.006.B3; cows and heifers. liOb.Jj; calves. .Y 908.40.. . . . Hogs Receipts 13,000: market steady to ,-,c higher: Iisht. $7.03 7.73; mixed, f.OOJJ 7 55- heavy. "SH.90W7.&7U;: rough. $o.'.Hio 7.10; pigs, to.-Jiu .: bulk of sales, t-2 A7.30. ' ... gneepRecelpts 8(K)0; market strong gen erally. 10c higher; native. s103.25; West ern. t3-40i 3.25: yearlings. t4.2jK6.jO, lambs, native. $3.75U!.t)0; Western. $4.2oto S.UO. SAN FRANCISCO PRODUCE MARKET Price Quoted at the Bay City tor Vege tables. . Fruits. "Etc. ' SAN FRANCISCO. July 5. The follow ing produce prioes were current here today: Fruit Apples, choice. $1.25; common, 50c; Mexican limes. 7; California lemons, choice. $5; common, $1.50: navel oranges, 1.50t2.75: pineapples, $2,506-3.50. Cheese 15170. Butter Fancy creamery, 274c. Eggs store. 23c; fancy ranch, 25c. '-Vegetables Cucumbers. 50 ft 85c; garlic, J to 3c: green peas. S)l2: string beans, 2lc; asparagus. 1L25; tomatoes, 7ac $1 : eggplant, 6(g'8c Potatoes River Burbanks. S0c$1.25; Oregon Burbanks, $1.251.30; Early Rose. 75ci$L Hav Wheat. fl5.50T31; wheat and oats, $12i(."9; alfalfa, $1114. Dried Frulta at New York. NEW YORK. Julv s. Evaporated apples unchanged: spot, fancy. KHWlOVic; choice. !ac: prime. 7W i.'. Prunes., steady; quotations range from :t to ?c for California up to 30-40s and titoX'ic for Oregon. Peaches, barelv steady: choice. 6 trove, extra choice, 7 1 7 toe; -fanoy. 7Vi0c. New York Cotton Market. NEW YORK. July H. Cotton futures ctored barelv steatiy. 10 to 12 points higher. Julv. $11.35'; August, $11.02: September, J1L70; October. $11.81: November. $11. So; becember. $11.0: January. $11.S6: February, Xll.vo; March, ll.u3: May, $11.0. Spot closed stead:-. Mid-uplands. $12.00; do Gulf, $12.25. Sales, 6500 bales. , . London Wool Sales. I ONOON. July 5. The wool auction sales were "continued today with offering of 10. 17S bales. The demand was acfive and the ton firm. Continental and home . buyers said hardening prices for merinos and Mel bourne scoureds. America took a few of the best merinos as well as cross breds at fui! prices. Hops at New- York. NEW YORK. July 6. Hops easy State -oinmon to choice 1S11. 30 37c: old. 1020c; Pacific Coast 1911. S3y3Tc; old, 13P20C. Wool at 8t. Loula. ST LOUIS. July 5. Wool Steady. Ter ritory and Western mediums. 20j24c; fine mediums. l$&20c; fine, ltfelOo. x TRADE BOOH STARTS Outlook for Second Half of Year Is Bright. GOOD CROPS THE BASIS Continuance of Exceptional Actlvtty Jn Finished Stepl Products En largement of Fall Trade Ite tail Business Is Better. NEW '.YORK. July 5. Bradstreets will say: The week's developments have been main ly favorable. These Include the arrival of much needed moisture In parts of the -Northwest, the regaining, owing to hot, forcing weather, of some earlier ground lost by the com and cotton crops; the con tinuance of exceptional, activity In finished steel output; the enlargement of Fall trade in some markets close to the soil, as, for instance, the Northwest and parts - of the South, and last, but not least, the expan sion duo to hot weather and the midsummer holiday of demand at retail, which has re lieved final distributers shelves of part of their load and even induced some measure of fllling-in demand by Jobbers. The net result Is the growth of a rather optimistic feeling in general trade and industrial cir cles, and a disposition to look more to the bright side of things. Encouraging reports come from the iron and steel industry. The last half of 1012 opened with a noteworthy spirit of optim ism, born of heavy .specifications, liberal consumption and, so far as surface Indica tions go, a favorable reception of higher prices recently inaugurated on various fin ished products. Users of finished steel want deliveries because products are needed al most forthwith. The railways have again started to buy cars and 'the smaller roads have taken a relatively good aggregate of rails. Export trade is of encouraging proportions, orders for locomotives are increasing and there is a heavy volume of structural steel business in prospect. Wheat, Including flour, exports from the I.'nlted States and Canada for the week end irg July 4, aggregate 2.l.1,5:tS bushels, against 3.1S7.n:ll bushels last week. Corn exports are 8.1.272 bushels, against 140.0:t5 bushels last week. ' Business failures in the United States for the week enriin-f July 4 were 170, against 2:i8 last week. OPTIMISM IS GROWING EVERYWHERE Proaperts Are Even Better Than Actual Current Conditions. ' NEW YORK. July Ti. R. G. Dunn A Co.'s weekly review of trade tomorrow will say: Business is satisfactory and in some im portant lines active, notwithstanding the usual Summer slowing up because of stock taking incident to the tTme of the year. Moreover, prospects are even better than actuul current conditions, and the character istic feature of the week's reports from the leading trade and Industrial centers in all sections of the country Is the expanding and deepening optimism. Confidence is In a considerable degree based upon the belief that nothing but a crop failure or other unforeseen calamity can now check the improvement that has set In. . It Is noteworthy' that nowhere is the op timism more marked than in the agricul tural sections. BratNtreet's Bank Clearings. NEW YORK. July 5. Bradstreet's bank clearings report for the week ending July 4 shows an aggregate of $;!.--07.K57.000, as against $2,W0.75li.O00 last week, and $3, 150 1 Ki.ooo In the. corresponding week last year. The following Is a list of the cities: New- York V. .$1,11.20,000 3 Cbicngo st nr,'.ooo 13.4 3.3 13.1 .7 8.7 13.0 17.4 21.5 8.8 5.4 2.1 15.8 7.0 10.4 19.1 9.4 9.3 IH. S 12.5 5.4 II. 4 13.0 34.3 8.3 17.3 12.4 28.5 4.3 6.0 133. 10.8 Boston Philadelphia .... ;t luia. ....... l7.o:t4.oix 100,24,ooo (10.2'.'4.000 N7.8oS.000 55,228.000 M. 040,000 :!8.o7,0OO 25.753,0o IB. 905.000 1ti.243.00il 2.'i.705.O"O IB. 281.000 20,157.000 J-4, 350,000 J 3.705.000 32,!78.$$ K.O31.OO0 i il. 500.000 10.15li.OIIO 0.005,000 3 1.510.00O ft.150.000 7.724-.0OO S.35S.00O 3.095.000 .3il,0(l0 2.840,000 I.OSU.000 47O.O00 829,000 717.00" r.o5.ooo 36.473,000 17,235,000 Kansas City Pittsburg San Francisco '. . Baltimore Cincinnati Minneapolis .... New Orleans ... Cleveland Detroit I,os Angeles Omaha Milwaukee Louisville Portland, Or. Seattle St. Paul Buffalo Denver Salt iJike City.. Spokane, Wash.. Tacoma Oakland. Cal Sari lMego, Cal . Topeka Sacramento. Cal Helena Boise. Idaho.... Ogden, Utah .... B ouston Galveston Decrease. STOCKS UNDER WITIT 'DEMAND LACKING, BEARS EASILY FORCE PRICES DOWN. Trading Is of Purely Professional Oliaracter Another Shipment of Gold to Paris I Announced. . NEW YORK, July t. Stocks-were under selling pressure almost from the outset of today's sesslqn, and most of the early week's rise was lost. The selling centered about the leaders, with weakness most marked in Amalgamated Copper. United States Steel and Union Pacific. The market was clearly without leadership In either direction, how ever, and the output indicated nothing more than professional trading. Another shipment of gold to Paris was an nounced, making a total of $8,000,000 to that center Jn little more than a week. The Bank of England lost over $3,000,000 gold on the week and materially reduced the pro portion of liability reserves, which fell to 41.39 per cent, compared with 45,25 per cent this week last year. . . Lowest prices of the day were registered In the final hours, when rumors affecting the copper situation and steel earnings for the recent quarter weft olrculated. Various specialties yielded with the de clines elsewhere producing a generally weak close. - ' The crop outlook continued most encour aging. Bonds were irregular -with no pronounced change. Total sales, par value. $2,309,000. United States Government bonds were un changed on calL , Closing Sales. High. , Low. Bid. 214 33.400 84?s S2 .82 HO .1.700 74H 73 73H 2.S00 :;.v,i ' S4 r.4. - 300 5854 ' f8 ' 1.000 HAW . -.33 S3 20O 25, -2514 23 300 27 27 20 W ' 14U 1.000 HW 43 'A "Mh 6,700 Hi 83 W 83 W 000 108 107, 107 .'. , 85H BOO 131 130H 12!) 300 145?4 . 145 1J3H no 2Tfc 4.700 42 41 W 41 10.100 100 .1081, JOSH 200 103 lOSis 102 hi 600 1404 1391. 139 1, o lt'8 1083 1084 2O0 37-14 37 37 ' 6.500 93 . 2? 93 3.5O0 20714 SiW 207 0O . 27 27 200 94 84 93 "1,266 'si , s6'i4 8 17 - 34 40- 13714 131 13tt4 1,400 105 1U5 lo4 ,-9 ""266 31 : 31 Ro .', -.. 41 2. T0O 145 .143-. -143 300 lo'j lai ' lift All is Chal pf .. Amal Copper . . Am Agricult ' Am Beet Sugar. American Can. . Am Car Fdy. Am Cotton Oil Am Hd & Lt pf Am Ice Securi.. Am Linseed . . . Am Locomotive Am Smel Ref do preferred.. Am Bteel Fdy. . Am Sugar Ref.. Am Tel 4 Tel.. Am -Aobacco pf Am Woolen .... Anaconda M Co Atchison do preferred.. Xtl Coast Line.. Bait & Ohio ... Bethlehem Steel Brook R Tran.. Canadian Pac. Central Leather do preferred.. Central of X J. Ches & Ohio . . . Chicago & Alton Chicago ft N W r, M St Paul. C. C. C & St 1. rnl Fuel & Iron f-oi- Southern. Consol Gas ..... Coin Product . Del 4 Hudson.. li D & R Grande.. 100 19 19 19 do preferred.. 40O 3ft 35 : Distillers' Secur 20O 33 ' 32 J2 Erie ' .8.100 35 34 SU, do 1st pf 900 53 63 52 do 2d pf .'-... 1 General Elec ... 2.100 181 178- li8 tit North pf ... J,0(H 138. 13i 130 Or North Ore . . 2..WO 45 42 42 Illinois Centra!. 000 129 128 128 Interbor Met ... 2.000 21" 21 21 do preferred.. 1,800 00i 39 I0, Inter Harvester 800 121 121 120 Inter Marine, pf " i.. 17 Int Paper ..... 10 Int Pump ..... 27 Iowa Central H K C Southern..- 400 2,"4 . 25 25 do preferred.. , f'O Laclede Gas ' 10 J.nujs a Nash.. 1,100 101 160 .- 1B0 Minn & St L ..... ...... 18 M, S P & S S M - 1 8 M, S P 8 S M 143 Mo. Kan & Tex "200 27 27 27 do preferred 59 Mo Pacific 900 37 30 30 Nat Biscuit 153 National Lead -.. 700 68 5S ; 58 X Ry Mex 2 pf. .H N Y Central ... 300 117 .. 116 110 N Y. Ont Wes 1,000 S4 33 83 Norfolk & West 2, KM) 113 .114 114 North American 50O 83 S3 83 Northern Pac .. 7,000 123 122 122 Pacific Mall 31 Pennsylvania ... 1.100 124 124 124 People's Gas ... 5H) 114 113 114 P. C C & St L.. 901 109 10S1 108 Pittsburg Coal.. 000 23 , 22 , .22 , Pressed S. Car., 35 Pull Pal Car 161 Ry Steel Spring 35 Reading S2.500 107 1R5 103 Republic Steel.. 1fu 28 2S 27 do preferred.. l;0..8fl 84 84 Rock Island Co. 0OO 25 ' 24 24 do preferred.. 1O0 51 51 , - 58 St L ft S F 2 pf 200 37 37 S St L Southwest..- . . . . ...... -32 do preferred 73 Sloss Sheffield 35- Southern Pac .. 300 109 109.. 109 Southern: Ry ... 1,800 29 28 28 do preferred.. 1,800 70 75 75 Tenn Copper '.. 700 44 42 42 Texas & Pacific ...... .23 - To!, St L & Wes..... '. .. 14 do preferred.. - 29 Union Pacific-.. 18.8O0 109 IfiS 168 do preferred.. 1,MM 90 , 90 90' U S Realty .,: 300 81.' -81 80 U 9 Rubber ... 800 5. . 54 - 54 U S Steel 65,500 71 9 6 do preferred.. 2O0 112 112 111 Utah Copper ... 4,200 3 2 62 V.l-Caro Chem.. 400 411 49 49 Wabash r IOO 4 4 4 do preferred.. 40O 13 13 13 Western Md ... SoO 5 56 57 Westing Elec .. 1.9O0 77- 76 7 Western Union.. 100 82 82 l2 Wheel & L E . T . Lehigh Valley .. 5.9oO 170 168 168 Chino Copper .. 0.2OO 33-. .31 82 Ray Consols ... 4.SOO 21 21 21 Am Tobacco ... 2.000 31 SOfi 306 Scuboard Airline " 200 24 23 23 do preferred..-. 800 MIS 53 53 Total sales for the day, 821,100 shares. BONDS. . Furnished by Overbeck & Cooke Co., of Portland. Bids. Amer Tel Tel conv 4s 114 American lohacco 4s 95 American Tobacco 6s...- 120 Atchison general 4s 97 Atchison conv 4s , 10-8 Atchison adj 4s stamped 90 Atchison conv 5s ....108 Atlantic Coast Line cons 4s 94 At Coast Line "L & N coll" 4s 94 Bait & Ohio 3s 01 Bait &. OWo 48 " Brooklyn Hap Transit 4s !)3 Can Southern first 5s 101 r. & O 4s 100 C B It Q gen mtg 4s. . H C B & Q Joint 4a 81 C B & Q Ills 4s C B & Q Denver 4s 96 Central Pacific first 4s " Chicago & East Ills 4a . . . 79 Chicago R 1 & P ref 4s. 80 Chi R I & P Col trust 4s 09 Colo & Southern first 4s 94 Donver & Rio Grande 4s 4 Delaware & Hudson conv 48.'... 98 Erie first cons P L 4s... -. 89 Int Met 4s 83 . Japanese 4s - 85 . Japanese first 4?4s ....'......'. 92 Japanese second 4 s,i L & N unl 4s 9S4 Mo Kans & Tex 4is 87 . Mo Pac 4s Jl N Y Cen 3s 87 N Y Cen I. S 3 s HI N Y City 4s -. 92 N Y City 4V-B of 1957 .-...100 Norfolk ft western 4s 98 Norfolk ft Western conv 4s....l1;i N Y Ont ft W-4s u2 Nor Pac P L 4s 99 Nor pac 3s B9 Oregon Short Line-4s 9.1 Oregon Ry ft Nav 4s ,. 93 Penna Ry 4s of 1048 103 Philippine Ry 4s Reading general 4s 07 Republic of Cuba 5s 103 Sou' Pac first ret 4s 94 Sou Pac col 4s 90 Southern Ry 4s.... i 78 , St L ft S F ref 4s "7V4 rnion Pacific first 4s 1n?-, Union Pacific conv-4.: 101 I'nion Pacifio ref 4s ! United States Steel S F 3s. ...... 1024 United States 2s registered 100 United States 2s coupon 100 United States 3s registered ... .12 United States 3s coupon. 102 1 United States 4 registered ..... 1 14 M United States 4s coupon 114 United Railways S F 4s 06 United Ry St L 4s 16 Wabash first 4s i07t Western Union 4s 9i Westlnghouse conv os...... 94 Western Pacific 6s ....... M Wisconsin Central 4s 91 West -Shore 4s . 99 Asked. 113 98 108 90 IOO - 95 94 ' Pl 98 93 101 100 90 81 100 96 95 81 89 95 S5V4 98 90 83 80 9!) S7 73 87 81 93 107 98 llil 93 99 94 ioi" 96 97 103 95 90 78 . 78 104 102 97 102 101 100 102 102 114 114 . 67 78 71 98 95 84 93 100 Stocks at Boston. V : -- 1 BOSTON.- J-uly 3. Closing quotations: Allouez 4" n 69 21 7 Amalg. Copper, 8-Tlevaaa ion ... A Z L & Sm Arizona Com . . B & C C & S M Cal ft Arizona. Cal ft Hecla ... 1 .Nfplssing Mines , 5 North Butte ... 29 North Lake .... 6 7 75 -530 Old Dominion . . 57 lOsceola 119 Centennial (juincy Cop Ran Con Co 69 IShannon 10 E Butte Cop U. 13Superior 3 Franklin llSup ft Bos Mln. 2 Giroux Con 5 Tamarack .'....- 2 Granby Con .... 54U S Sm R ft M -4 Greene Cananea. 10 j do preferred . 49 I Royalle (Cop). 34 Utah Con ...... 10 Kerr Lake .... 2;l"tah Copper Co. 62 La Salle Copper . 7 Iwlnona . Miami Copper .. 27:Wolverine Ill Money Exchange, Etc. NEW YORK. July 6. Money on call steady. 2 3 per cent; ruling rate, 2; offered, 3. . . Time loans firm, 60 days, 3 per cent; 90 days, 3&3 per cent; six months, 4 4 per cent. ' Prime mercantile paper, 4 to 4 per cent. ' . fciterling exchange firm with actual Jins Iness In bankers- bills at $4-83 for 00 day bills and at $4.87.40 for demand. Commercial bills. $4.84. Bar silver, 61 Vie. Mexican dollars, 48c. Government bonds, steady. LONDON. July 6. " Bar ' silver. Quiet. 28 d per ounce. Money 1(&2 per cent. The rate of discount in the open market for short bills is 2 per cent; three months' bills, 2 11-162 per cent. SAN FRANCISCO, July 5. Sterling' on London, 60 days. $4.83: sight $1.87. -Drafts, sight 2; telegraph 5. . '. : - ''Condition of the Treasury. WASHINGTON, July 5. At the beginning of business today the condition of the United States Treasury was: , Working balance In Treasury of- fices 8Z.S63.11 In hanks and Philippine Treasury 86,457. S03 Total of the general fund.. 164,981,888 Receipts Wednesday 4.125.985 Disbursements Wednesday 6,122.868 Deficit to dat9 this fiscal year . S97.365 Deficit this time last year 1,858,283 These figures exclude Panama Canal and public debt transactions. - Coffee and Sugar. ' .NEW YORK. July S. Coffee futures closed steadc at S to IT points decline. Au gust, 13.43c; September, 13.52c; October, 13.5Sc; November, 13.65c; December, 13.72c; January, IS. 74c; February, 13.63c; March, 13.78c: April, IS. 80c; May and June, 13.82c Spot barely steady. Rio No. 7, 14c; San tos No. 4, 16c Mild -quiet. Cordova, 16 18 c nominal. Raw sugar quiet. Muscovado, 89 test, $3.27; centrifugal, 96 test, $3.77: molasses sugar. 89 test, 3.0L'. Refined holiday. THE LARGEST STEAMER IN THE WORLD New 45,324 Ton OLYMPIC AMERICAN IINE Atlantic Transport Line ; Hew Terti Lssosa Kreet RED STAR LINE Hew Tar Both aatsma farts WHITE STAR LINE Mew Yera-4Jmeentew-Uereol . lew Tsrt Plviswwlhhcriioar-Sonthaatptea Boston Qneenstown LlverpcoL C,.y;? -r BnildU... aond and C-err, 8ta. $-l. Or Local Ra!!cy and Steamship Agetu. fUCAT CI HMD RAH 1iiiL.n1 ULuitii unu Two-Cent Break in Prices in the Chicago Pit. BANNER DAY FOR BEARS Flattering Reports of Crop Condi , tions.Come From All Parts of the - World Longs Unload on a TFst Sinking Market. CHICAGO, July , S. Grain prices went smashing downward today because of a near ly world-wide Improvement In crops. v In wheat the whole tide of trade swept against the nulls. Since the previous close, the entire Northwest had received rain In a way that removed all doubt as to a flat tering prospect. South Dakota was soaked four Inches, cable news was on the side of sellers, weather conditions having changed most favorably over the United Kingdom, France and portions of Russia. A banner day for the bears was the In evitable result. Belated longs found them selves compelled to unload on a fast-sinking market and encountered the worst break of the session In the last 15 minutes. . t 1 . 1 1,1 - nntirfuLhlv better than deferred deliveries. The reason was that .1 i . - . V. r. ... H n a , .n hen hftS been centralixed and there is said to be little elevator room avaiiaoie ior omi .""o The harvest weather in. the Southwest wai a . ih viaid In Oregon Washington and Idaho, promised to be unus ually generous The July option In corn, as In wheat, was not hammered so ireeiy as ""' ana snowea p""" j - . , A belief that the largest crop ever raised in this country had been assured made oats . . , jt -- h.tt anil wirll. at times aimosi nrprewcu .. . - Constant support from packers sustained provisions. M tl The leading futures ranged as follows: WHEAT. Open. ,.$1.05 . 1-02 High. $1.06 1.02 5: 1.03 Low. $1.05 1.01 1.02 Close. July Sept. Dec $1.0S 1.01 1.02 . 1.08 CORN. July May .71 .68 .R .60 .' .72 .09 .60 -80 OAT3. .44 .37 .88 H .40 .70 .67 .38 .59 .70 .67 .58 .58 Julv .431 .37 .38 .40 .42 .36 .37 .39 .43 .36 .37 .40 Sept. Dec May MES3 PORK. July -.18. .15 .18.90 .18.63 I8.S5 1S.93 18.70 LARD. 18.32 18.72 18.6S 18.32 18.77 18.70 Sept. Oct. Sept. .10.92 .11.02 10.92 Vi 11.02 10.85 10.95 10.90 10.97 oet. SHORT RIBS. July ..10.42 10.42 10.37 ..10.60 10.62 10.32 in til 1,1. All 10.4714 10.87V4 10.85 10.50 Sept. Oct. Cash quotations were aa follows: Flour Steady. Spring patents, best hard. $6.30. Rye No. z, inc. Barley Feed ,or mixing, choice, malting, 83cj$1.06 E8S'70c; fair to Timothy seed $6g'lo. Clover seed $14 18. Pork Mess, $18.37 18.60. iihort ribs Loose, $10.37 Vi, Grain statistics: Tnmi clearances of wheat and flour wore equal to 692.000 bushels. Exports for the ,. k .. iir. iut r--t ' were eaual weeK, iw on". " J - - to 2.994,000 bushels. Primary receipts were 353,000 bushels, compareo. wnu i. els the corresponding day a year ago. Es timated receipts tor tomorrow: J ' cars; corn, 274 cars; oats, lio cars, nogs. 13,000 head. Paget Sound Grain Markets. SEATTLE, July 5. Wheat Bluestem, 92c; . . , , . - . o-7-. Ufa V r rarl li 11 - lOnyiUlQ, etc, uuu, oil., ...v, slan, 87c. Yesterday's car receipts: Wheat, Iti nay, o, uiiu, , ".'i TACOMA, July S. Wheat Kxport: Blue- a. ai. Xfflllnar RliiAStem. n I IT 111, 'n, I.IUW, " - -- -- " 88c; club, i2c Yesterday's car receipts Wheat, 14; nay, j. ,- European Grain Markets. LONDON, July S. Cargoea steady. Walla Walla, for shipment, use so. tnguan coun try markets firm; French country markets quiet. v LIVERPOOL, July 5. Wieat July, " 7s 7d; October, 7s d; December, 7s 3d. Weather, clear. Minneapolis Grain Market. MINNEAPOLIS, July - 6. Flax 2.09 J.10. .- H - - Barley 55 95c. Bran la 100-pound sacks, t2131.50. Rye No'. 2, 70c , . - Metal Markets. ' NEW YORK, July 5. Copper easy. Stand ard spot. 16j17CJ July. 18.97 17.20c; August, $1o.U5iS'17.12; September, $L7.0i 017.1B. Electrolytic, 1717c; lake, 1717e; casting, 1717c. Tin. easy. Spot. 45.4045.73c; July. 43.05 (g'45.30c. Lead, firm, 4.65&4.70C Spelter, firm, 7.20 7.40c. Antimony, quiet. Cooksons, 8.00c. Iron, steady. ' " Copper arrivals at New York SO tons; ex ports this month, 1628 tons. Local sales, r.o iatii T.nndon eonoer easy: spot. 76 IBs fld; futures 77 10s. Local sales of tin 100 tons. Lonaon tin quiei, opui wun. iunt 201. London lead, 18, 10s. London spel ter, 26 5s. Iron, Cleveland warrants, 57s in London. Chit-ago Produce Market. urriinn Ti.lv K. "Rutter Steady : creameries. 2825o; dairies, 216340. Fggs steady, receipts io..j case.; mark, cases included, 16S516c: ordinary firsts, 16c; firsts, 17c Cheese Steady. Daisies, 1515e: twins, 1515c; Young Americas, 16 15c; long horns, 1516c. Why do the streets of Port land look clean after the big celebrations? They are paved with Watch the Elks and Bitulithic! Sails from NEW YORK JULY 27 Aug. 1 7 Sept. 7 Sept. 28 Oct. 1 9 WHITlv STAR-DOMINION Users isl "MEG ANTIC & "LACREimr Only Four Days at Sea TO BOBOPB H CXWTOaT A KOPDLsT" KAT7K Tufa Screw SS. "Canada" ud "TcatMlc" ONS cuaa (II) CABIW sirvicb TBIBD CLASS CLOBBD BOOMS Bagrage ebeeked sftToerh so Steeassr la Bead. Embark aiat batam satuac He koMl er tnmmUr THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital . . . . . $1,000,000 Surplus and Profits $ 1 ,000,000 i OFFICERS J. c, AIN SWORTH, Preafden. R. TV. SCHMERR. Caehler. I R. LEA BARNES. Tlee-Prealdent. A. Bf. 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 GOING Our savings department is a good place for your idle money. We pay 4 per cent interest. Write or ask Capital : - $1,000,000 LADD & TILTON BANK Established 1869. Capital Stock w .... $1,000,000.09 Surplus and Undivided Profit... 800,000.00 Commercial and Savings Accounts Letters of credit, drafts aad travelers ' cheeks issued, avail able in all parts of the world. OFFICERS W. H. Ladd, TWfftdrat. Robert S. tfowird. Asst. CashlH Bditard Cooklncbam, ViesPaa. W. Ladd, Asst. Cashier. W. H. DunckJcT. Caakler. Walter M. Cook, At. Caablcr. First National Bank Capital $1,500,000 Surplus 900,000 . Oldest National Bank West of the Rocky Mountains The Canadian Bank of Commerce INCORPORATED 18UT. bead Offl Toronto, Canada. Londaa 3 Lombard street. Over two Mindred other branches In the United State, and Canada. Every cars takei It collectlona. DrafU on all toreljtn countries and principal cltlee In United States and Canada bouht and .old. and a Ceoeral banking; business transacted. Interest allowed on Time and Special Deposits. PORTLAND BRANCH, SECOND AND STARK STREETS F. O. MAI.PA9, Maurrr. B .i.sssssssssasaasawsaasssasssaasssssss The most exacting testsandthe most sci- lfea entific investigation will substantiate the jjt menBAER ASPHALT PAVEMENT . J.C.WILSON&CO. STOCKS, BOXDS.' 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. I lttn ana siarK. Phones Marshall 4120, A 4187.. TRAVELERS' GUIDE. EXPRESS STEAMERS FOR Saa Francisco and los Amela WITHOUT CHANGE 8. 8. BEAVER sails A. M. July . THE BAN FRAN. PORTLAND 8. 8. CO, Ticket Office 142 Third Street. Phone t Main Z005. A 1408. San Francisco, Los Angeles and San Diego Direct S. &. Roanoke and S. S. Elder vsll Every WednesdaT Alternately at P. M NORTH PACIFIO S. S. CO. 122 A Third Sc. Phones atala U14. A UH AWAY? for savings booklet New York 18 Bxehanae ni Canadian Pacific ' "EMPRESSES OF THE ATLANTIC" AND UTHbK STKAMBHIPS. MONTREAL. ULEBEC AND LIVERPOOL VIA THE SCENIC ROUTE TO EUROPE 101K) MILES ON THB ST. LAWRENCH RIVER AND LESS THAN FOUR DATS AT SBA 233 MILES. PORT TO PORT THE BHORTEST OCEAN PA8SAOH ' First Cabin 92.60 and op Second Cabin -J5 ,ni op One-Class Cabin (2d-claas) e&0.00 and up Third-Class Lowest rates on request. Canadian pacifio office, corner Tiiird and Pics l Multnomah Hotsl bldg.). Portland, and all local agenta COOS BAY LINE ' STEAMSHIP BREAKWATER Sails from Alnsworth Bock, Portland, at 9 A. M., July 2, 9, 14, 19, 24, 29; August S, 8, 13, 18, 23, 28. Freight received at Alnsworth Dock daily up to 5 P. M. Passenger fare first-class, 110; second class, $7, including berth and meals. Ticket office Alnsworth Dock. Phones Main S600. A 2332. -. AUSTRALIA AND NEW ZEALAND Fnlon Une of N. Z.) VIA TAHITI AND WELLINGTON. Direct through steamers, sailing from San Francisco July 24. Aug. 21 and every IS daya to Tahiti. Rarotonga. Wellington and . Pvdnev. The line to Isles of the South Seas'. For reservations see Coupon Railroad Agents or addrass Hind, Kolyh & Co., tan Francisco. TRAVELERS GUIDE. 4