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