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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 16, 1912)
THE MORXING OREGOXTAX, TUESDAY, JULY 16. 1912.
PERFECT FOR HOPS
Present Weather Could Not Be
QUALITY WILL BE BEST
Week Opens Quietly in the Contract
Market Spots Fast Dropping to
a Parity With Xew
The present weather could not b hn-
I proved upon from a nopprower trtandpolnC
It la now practically certain that the- qual
ity of the Oreson crop will be the flneet
In recent years. Unfortunately for the repu
tation of the tate certain hopmen have
spread broadcast reports of the presence
of lico and honeydew in the Oregon yards,
and It may take some time to counteract
the effect of this talk, but when the actual
roods are put on the market the superior
I quality of the product will be demonstrated.
The alarmist reports were no doubt sent
oat In the hope they would stimulate the
market, but it is a short-sighted policy to
cry down quality in the effort to raise
prices. However, the market will take care
of itself and the fine quality of the new
Oreg-ons will cause them to be In demand
when samples are shown.
There was not much activity at the open-
Ins of the week. Buyers who last week
look contracts at 21 cents yesterday turned
down offers at that price. Twenty-cent or
ders from Eastern firms that have been
on the books of local dealers for several
days have been cancelled and new limits
of 19 cents given.
Spot markets everywhere are seeking a
parity with new-crop prices. New York
states have sold in the past two weeks
even lower than Oregons. H. I. Hart yes
terday bought a 35-bale lot of 1911s at 24
cents and a Salem lot of 22 bales was sold
at 23 cents. California hops, which could
pot be touched a short time ago, are now
being offered on the market at 26 cents.
General hop market conditions, as re
ported by the New York Journal of Com
merce, are aa follows:
"But little if any demand is apparent
for 1911s. For 1912s on contract buyers on
the pacific Coast are reported to have or
ders at 20c without being able to execute
them. Crop prospects In California are now
fairly favorable and very promising In Wash
ington. In New York State the vermin which
recently appeared Is now said to be disap
pearing again. In England unfavorable
weather conditions have changed for the
better, and though vermin is still prevalent
the plant Is making good progress. On the
Continent, with the exception of Belgium.
where vermin Is troublesome, prospects are
TRADING IN" WHEAT FUTURES 8 MALI.
Ton of Markets Everywhere Unsettled- Spot
A small amount of business in wheat fu
tures was reported put through yesterday
at SO and SI cents, but the severe slump
In the Eastern market prevented any de
sire for general participation. The spot
market was neglected.
Local receipts In cars were reported by
the Merchants Exchange as follows:
Wheat Barley Flour Oats Hay
Monday 13 1 13 4 7
Year ago 8 3 9 1 6
Season to date.. 129 3 TS 21 49
Year ago IIS 9 11$ 20 52
The weekly wheat statistics of the Mer
chants Exchange follow:
American visible Supplv
July 15 1912..
July 17. 1911..
July !. 1M0. .
July 1. 19. i. .
July 20, 1wn. .
July 2. 1Smi7. .
July 24. 1906. .
July 24. 1905..
July 1$. 19l4. .
July 20, 103..
Quantities on passage
Veek Week Week
ending ending ending
July 13 July 6 July 15. 11
For Bushels Bushels Bushels
IT. K- 24.312.00") 25.39 2.000 22.4SS.0U0
Continent ..1S.440.00O 22.000. 000 16.360. 000
Total 42.752.000 47.392.O0O 3S.S43.000
World's shipments (flour Included)
Week Week Week
ending ending ending
July 13 July 6 July 15.'11
From Bushels Bushels Bushels
V. 5.. Can 2.495.0OO J.Sjij.OOO 1. Sol, 000
Argentina l.s.2.ono 3:i34.O0i 1.244.00?
Australia SS4.0iQ 3;2,000 64O.O00
Dan ports 35 D. U00 1.2 7 2. OIK) fi.TiJ.OOO
KUPSia I.oJ&.Ui'O L'.4o.UUU Z.b4S.00H
India 2.632. 000 2.80S.O00 1.664.000
Total 8.951.000 13.U12.0O0 8.603.000
World's shipments, season to date:
Total since Same p'r'd.
From July 1. 12. Last se'son.
V. S. and Canada 5.4SS.000 3.148.000
Argentine 4.6o000 2,34!. 000
Australia 736. OOO 1.493.000
Danube 1.632.000 1.360.000
Kussla 3.9S1.000 6,448.000
India 5.440.000 3.50,000
. . .21.963.000 1S.320.000
TRONT STREET'S BEST FRUIT DAY
Hot Weather Cansea Enormous Demand for
All Lines. ,
Yesterday was the best day Front street '
has had this season. More fruit was dis
posed of than on any day during the Elks
convention. Bananaa. pineapples, melons,
peachea. plums, tomatoes, in fact, every
thing offered was In keen demand. About
the only scarce article was apricots. The
hot weather and the closing of the berry
season were responsible for the heavy buy
ing In other lines.
Prices were not materially changed. Mel
ons sold at the new quotation announced
and cantaloupes were very Arm.
Among the receipts were four cars of
melons, four cara of bananas and a mixed
car of plums, peaches, apricots, etc, from
New Warehouse Company Formed.
The North Bank Dock Company, of this
city, has been incorporated by William Du
ltrg. A- E. Sutton, A. Cohn and A- P. John
eon. The object of the company is to oper
ate a public warehouse for the storage of
grain on Weldler dock, this city. This dock
has already been designated by the Grain
Trade Association of the San Francisco
Chamber of Commerce as a regular ware
house for the -444 very of Northern grain
on time contracts.
Country Produce Markets Quiet.
The country produce markets were quiet.
Eggs were quoted a cent lower than on
Saturday. The pouitry supply was small
and prices were unchanged- Dairy produce
Sugar May Advance Today.
An advance in local sugar quotations Is
expected today. There waa an advance In
the East Saturday and another today.
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland S . 5 3 . t$ 4 S 2 3 . 61' 1
Seattle - l.StfeMSJ 172.2M
Tacoma 77.4.002 73. OM
Spokane 667. d27 74.S61
Vegetable and Fruits.
FRESH FRUIT Cherries. 2 4 3 10 c per
pound: apples, old. II. 50 p 3 per box; new.
Sl.SOfr 17ft per box: peaches. 65 73c per
box; currants. $130.?. .75 per box; plums,
90c$Sl 5 per box: pears. $1.752 per box;
apricots. SI. 25 per box; grapes, S2.30 per
BERRIES Raspberries. H Jft pr crate;
loganberries. $1.25 41.50 per crate: black
TROPICAL FRCTTS Oranges, Valencia.
t C5 S 3 "S- California era"-"1 O"
lemons. $4,500 per box; pineapples. 6c per
MELONS Cantaloupes. $2.75 per crate;
watermelons. meic per pound.
VEGETABLES Artichokes. 65qT5c per
dozen; ssparagua. $1 per doxen; beans. St?
9c; cabbage. lfflHc per pound; cauli
flower, $1.25 per dozen: celery, $5 per
crate- com, 80c per dozen; cucumbers. $1
per box; eggplant, 25c per pound; head
lettuce 1240 per dozen; peas. 6&9c per
pou.id: peppers. 12 V 15c per pound; rad
ishes. 15$ 20c per dozen; rhubarb, 2 He per
pound; spinach. 4Q !-c per pound; tomatoes,
$11.25 per box; garlic. 5 10c per pound.
POTATOES Jobbing prices: Burbanks,
old. $1&1.25 per hundred; new. per pound.
14 9 1 V-c
ONIONS California red, $1.25 per sack;
yellow. $1.50 per sack.
SACK VEGETBLES Carrots. $1.75 per
sack; turnips, $1.25 per sack.
Grain, Floor. Feed, Etc
WHEAT Track prices: Bluestem. 88
89c; club, S4Sfc; red Russian, 64S73c;
Valley, 843 85c; 40-fold. 846 83c
FLOt'R Patents, 5.10 per barrel;
straights. $4.70: exports. $4-20; Valley, $5 10.
HAY Timothy. $14&1,30; alfalfa. $12-50;
clover, $10; oats and vetch, $12; grain hay,
MILL STUFF'S Bran. $25.50 per ton;
shorts, $28; middlings, $33.
CORN Whole, $.19; cracked, $40 per ton.
OATS No. 1 white. $336-35 per ton.
Dairy and Country Produce.
EGGS Case count. 24c; candied, 25c: ex
tras. 27c per dozen.
BUTTER Oregon creamery butter, cubes,
or solid pack. 28c per pound; prints, 29c per
CHEEJC Triplets and daisies. 17c per
PORK Fsncy. 1010Hc per pound.
VEAL Fancy, 1313Vic per pound.
POULTRY Hens. 12c; broilers, 17
lTHc: ducks, young. 10llc; geese. 30
11c; turkeys, live. ISc; dressed, 24 & 25c
SALMON Columbia River. one-pound
tails. $2 25 per dozen; eight-pound tails.
$2.95; one-pound flats. $2.40; Alaska pink,
one-oound tails, $1.35.
COFFEE Roasted, in drums. 2614 0c
NUTS Walnuts. 1616e per pound:
Brazil nuts. 12 Vic; filberts, 14 15c; al
monds, 175 21c; peanuts. 18c; cocoanuta, Oc
$1 per dozen; chestnuts, 12Vc per pound;
hickory nuts, 6 10c per pound.
HONEY Choice, $3.75 per case; strained
honey. 10c per pound.
SALT Granulated, $15 per ton; half
ground. 100s. $8.50 per ton; 50s. $9 per ton.
BEANS Small white. 5.40c; large white,
5.20c: Lima, 6. SOc ; pink. 3 c ; Mexicans,
4Hc: bayju. 4c.
RICE No. 1 Japan, 6c; cheaper grades.
55ic: Southern head, u7c
SUGAR Dry granulated. $5 85; fruit and
berry. $385; Honolulu plantation. $5 80;
beet, fo.GO; extra C. $5.35; powtrered, bar
rel's. $d.!5; cubes, barrels, $6.25.
DRIED FRUI1S Apples. 14c per pound;
apricots, 16 18 c ; peaches, 12 &, 14c ;
prunes. Italians, lOVi f$10c; silver, 13c;
figs, white and black. 69Tc; currants,
7c: raisins, loose Muscatel, 64 7 c;
bleached Thompbon. 11 c; unbleached Sul
tanas. 8Hc; seeded. 7H8V4c; dates, Per
sian. 8Hc per pound; Fard, $1.00 per box.
Hops, Wool mnd Hides.
HOPS 1912 contracts. 2021c; 1911 crop,
MOHAIR Choice, 32c per pound.
WOOL Eastern Oregon, 14 19 Vic per
pound according to shrinkage; Valley, 21
23c per pound.
PELTS Dry. 13c; full wool butcher pelts,
$1.25 1.75; shearings. 1030c.
HIDES Salted hides. 11 fcc per pound;
salted calf, 20c; salted kip, 116 12c; green
hides, 11c; dry calf. No. 1. 25c; No. 2, 20c;
dry hides. 1920c; salted stags, 7i4f8c;
green stags, 6ii7c
CASCARA Per pound, 56c; carlots.
GRAIN BAGS In car lots, l0c
HAMS All sizes. 16rl7c: skinned.
16v-jl7c; picnics. 12c; boiled, 2Qhc.
BACON Fancy. 26 27c; choice. 20 21c
DRY SALT MEATS Backs, dry salt, 11
12c; backs, smoked. 13 14c; bellies, dry
salt. IJc; bellies, smoked. 15c
LARD Tierce basis, choice. 13c; com
pound. 9Vic; leaf, three-pound palls, $8.50
MISCELLANEOUS Pigs' feet, kits, $1.35;
sliced beef. Inaides. $28 per case; lrltd beef,
in sides, 23c per pound; bologna, canvas
back, 10'ac; minced ham, 12c
Linseed Oil mnd Turpentine.
LINSEED OIL Raw. barrels. SSc: boiled,
barrels. 9uc; raw. cases. 93c; boiled, cases,
TURPENTINE Cases. 60c: barrels, 66 tfce.
SHEEP OFFERINGS LARGfc
FAIR SrPPLY OF CATTLE ALSO
AT THE YARDS.
Several Loads of Top Steers Sell at
$7 Feeders Bring $5.85.
Mutton Steady. ,
The livestock market opened actively
with a good run of cattle and sheep. Hops
were scarce. Prices were well maintained
throughout the list.
Four loads of choice steers were sold
at $7 and others at $6.50 to J6.80. About
six loads of feeder steers were moved at
J3.85. A load of cows was sold at J5.65
and good heifers brought .
The bulk of the hogs offered brought
Trading was active in the sheep division.
Wethers sold from IJ.90 to 4.50, ewes at
$3.75. and s-earllngs at the same price.
Receipts yesterday were cattle,. S
calves. 79 hogs and 2782 sheep.
Shipper, were: J. C. Lonergan & Co..
The Dalles, S cars of cattle: C. F. Walker,
Pendle-.on, 4 cars of cattle and calves:
Frank Johnson. Pendleton. 2 cars of cattle:
Oxman & Stanfleld. Logan. 4 cars of sheep:
H. B. Stanfteld. Stanfield, 1 car of cat
tle: R. M. Stanfleld. Meacham. 2 cars of
sheep; E. F. Marks, Nampa, 1 car of hogs;
C. S. Dickerson, Welser. 1 car of cattle;
Blcknell & Oxman, Huntington, 4 cars of
sheep, and S. L Overton. Harrisburg, 1 car
The day s sales were as ioiiows:
859 wethers 1 I?
25 wethers J
1 bull J5 -
1 bull ,2a( !ol
; cava 1(1,0 6 25
s cows 1 las 5 90
12 steers I'SS t s0
l eer. "18 T-
cows 1052 5 00
,5 J259 7.00
I .tig . "s so
I "w 0 3.30
!i lltVA -:-::::::::::::::::::i5.o S:5
i KlleT. 88
5 .leers " ?'5
. 1176 5. So
nt .teer. 1158 5.85
is ..er 1133 ?
1 bull I3" 375
-I 121S 7.00
f :,ee7 ::::::::::::::::::::::i?oS "o
4 .tee's": I. I50 s0l
-1 eJri i23s 7
;J 1037 5.65
, tr.ii : mo -so
-f ::::::::: U hi
: 5 s
-i: 94 S.75
. .,. . 94 4.o0
;:x : : : 94 4.50
S vl 79 4.25
The range of prices at the yards was as
(-hole, steers !?? !-??
, j s.pou e.ou
Medium steers' " l
1 5.i5a 6.-3
xLri s.50'-s 6.75
Medium cow. . . 5.00 g S.50
rh.il!- cows 7.00S 5.-5
x . fi.oor 6.30
Bulls f 5?f H
. . .O0 3.JS
w-.vv ...... s 700
gw-e,'rV::::::::::::::::::::::: i.Sf t
Omaha Llvmtock Market.
SOVTH OMAHA. July 13. Cattle Be
cetptS. S"M; marei. mn'r, - -
live steer.. .V7.'. ' 9.30 : native cow. an!
heifers. S3.av s : mH -
Texas steers. 4.50 .50 ; range cow. an
Drs and feeders. 3.7SS.75: calves. 4SS;
bu s. stags, etc.. .......
Hoes Receipts. 40l0: t"rk',',?T
Heavv. $7 1097.23: mixed. 7.U7.20: j Ifht
?7i7'.35: tigs, 37; bulk of sales. ..106
Sheep Receipts. lO.POOf mrKet. slow 10
I.V lower. T'arllngt $3tJ3..5: wethers
4 30ffi. ewes. .i..JBiio.
REVIVAL ON IN WEST
Improved Business Conditions
Cause Firmer Money Market.
RAIL TRAFFIC IS LARGER
Wall-Street Speculation More Cheer
ful, Owing to the Favorable Bank
Statement of Last Saturday.
Stock Prices Higher.
NEW YORK, July 13 Steady and con
sistent strength waa manifested by the
stock market today, the result primarily of
last Saturday's strong bank statement,
which changed the adverse conditions of
the preceding week, when a deficit in the
actual reserves was reported. Gains were
generally, particularly in stoca. or specula
St. Paul recovered more than two points
from Its low level of last week, despite In
creasing belief that the approaching semi
annual dividend may suffer further reduc
tion, Northern Pacific. Norfolk Western
and other dividend-payers reflected moder
There were virtually no transactions In
the securities of the several express com
panies, whose earnings are likely to be
somewhat Impaired by reason of the new
rate system ordered by the Interstate Com
Best prices were recorded In the final
dealings, when American Tobacco scored a
Another beneficial effect of the bank
statement was the greater ease of money,
which showed a relaxing tendency In call
loans, although demand was somewhat In
excess of recent days, western money mar
kets were firmer, however, a condition aris
ing directly from business revival and in
creased trade activity. Traffic managers
In that section report a larger freight move
ment than a year ago.
Bonds were steady, but dull. Total sale.,
par value. $2,530,000. United Btates Gov
ernment bonds unchanged on calL
CLOSING STOCK QUOTATIONS.
Sales. High. Low. Bid.
Allis Chal pf 2
Amal Copper .. 18,700 S1V 8054 &1
Am Beet Sugar 300 72 72 72V,
Americarl Can .. 6,300 37 V 86 W S6tt
Am Car & Fdy. 800 37 3b, 5b Va
Am Cotton Oil..' 400 3a 61 02
Am Hd & Lt pf , -4J4
Am Ice Securl - -
Am Linseed ... S00 133V 1SH, 131
Am Locomotive. 100 41V. ;1V4
Am Smel A Bef 1.700 82 81 Vi
Am Steel Fdy L5
Am Sugar Ref.. 00 127 V4 12Ts 12
Am Tel Tel.. 500 145 145 144
Am Tobacco pf. l'
Am Woolen .... 100 27 V4 27 V4 2
Anaconda M Co. 7uo 40 Vi 40 V, 40 J,
Atchison l.soo 107 10, vi 10.
do preferred.. 100 103 103 102
Atl Coast Line 1?'
Bait & Ohio .. . 800 108 10S 108
Behlehem Steel 500 S4vs 34- 34
Brook R Tran.. 2"i 81 82 Vi
Canadian Pac .. S.60O 265V, 283'., 263
Central Leather ji5
do preferred.. 100 93 8 2
Central of N J iii 3WS
Ches & Ohio ... 800 79 TBls 78
Chicago 4c Alton r.i
Chi tit West J6J
do Dreferred.. 100 32 32 32V
Chicago 4 N W 700 135 133 134
C, 31 & ot r-aui. I .iw iwm vs
o. a C 6t L - - ?
Col Fuel & Iron 400 29 Vi 2 2
Col A Southern -- r,,
Consol Gas Z.iuu . l ij-i ? "?
Corn Products .. 200 14 14 V, 14 V,
Del & Hudson M
D & R Grande 18
do preferred f.i
Distillers' 6ecur. 100 31 31 81
Erie 2.100 84 V 33 34
do 1st Pf 100 51 ol 51
do 2d pf
General Elec .. 1.100 178 177 IT;
Gt North pf ... 2,loO 134 133 134
Gt North Ore .. 200 42 V, 42 42
Illinois Central. lou iai if?.-
Interbor Met .. 1,300 zo so
do preferred., l.sun c-in o
Inter Harvester 500 117 117 lli
Inter Marine pf ...... ..... H7
Int Paper 200 14 14 14
Int Pump -5
Iowa Central 33 .
K C Southern.. 100 24 24 ?4'
do preferred ..
Laclede Gas 103
Louis & Nash.. 200 159 159 158
Minn 4 St L
M S P & S S M 400 1 47 1 40 146
Mo. Kan Tex 400 2 2 2
do preferred.. 500 58 58 59
Mo Pacific 3l'0 33 85 35
Nat Biscuit ... 800 149 146 14
National Lead J
N Ry Mex 2 pf 30
N Y Central I,1'?
N Y. Ont 4 Wes 100 32V, 32 32
Norfolk & West 7.90O 117 115 114
North American 200 S2 82 81
Northern Pac .. 1.600 119 119 119
Pacific Mall ' 3?
Pennsylvania ... 1.000 123 123 123
People's baa ... -tt'v nou n.
P. CCiStl... 100 107 107 106
Pittsburg Coal.. 100 21 21 21
Pressed S Car .51
Pull Pal Car 160
Ry Steel Spring 20O '34 34 34
Heading jv.ou'j iw, i' j jw,
Republic Steel .. 100 26 26 26
do preferred.. 400 84 83 84
Rock Island Co 300 24 23 23
do Dreferred.. 9"0 49 48 48
St L & S F 2 pf 200 37 86 36
St L Southwest 30
Sloss Sheffield 53
Southern Pac .. 300 108 10S 108
Southern Ry ... 400 28 28 2S
do preferred.. 200 76 76 76
Tenn Copper .. . 1.200 43 42 43
Texas & Purine 21
Tol, St L 4 Wes 100 13 13 13
do preferred.. 100 29 29 29
Union Parlnc -. 20.70O 163 164 163
do preferred 90
U S Realty ... 2,400 83 84 84
IT S Rubber 400 51 50 50ViJ
U S Steel 34.50(1 68 6S 68
do preferred.. 300 111 111 111
Utah Copper .. 1.10O 61 60 61
do preferred,. 800 14 14 14
Western Md ... 3J0 37 67 57
Westing Eiec .. 1.800 77 76 76
Western Union ..... 82
Wheel &L E 5
Lehigh Valley .. 4.100 167 163 166
Chlno Copper .. 8.200 30 30
Ray Consols ... 2.100 20 20 20
Am Tobacco . .. 2.40O 297 294 206
Seaboard Airline 200 22 22 22
do preferred 52
Total sales for the day. 202.465 shares.
Furnished by Overbeck Cooke Co.. of
Amer Tel Tel conv 4s 114 115
American Tobacco 4s o ....
American Tobacco 6s 120
Atchison general 4s .....88 98
Atchison conv 4a 10" 10i
Atchison adj 4s stamped 90 90
Atchison conv 5s 107 !"
Atlantic Coast Line cons 4s 94' 84
At Coast Line -L 4 N coll" 4s. 93 94
Baltimore & Ohio 3s 91 91
Baltimore & Ohio 4s 97 97
Brooklyn Rr.pid Transit 4s 92 92
Can Southern first 5a 101 101
Chesapeake & Ohio 4s 99 100
C B Ac Q gen mtg 4s 93 86
C B & Q joint 4s 96 96
C B & Q Ills 4s 99 90
C B 4 Q Denver 4 ?
Centra! Pacific flrt 4s 94 95
Chicago 4 East Ills 4s 79 81
Chicago P. I 4 P ref 4s 83 8S
Chicago R I ft P Col trust 4s.. bS v, 69-
Colorado 4 Southern first 4s... 94 93
Denver 4 Rio Grande 4s 84 8j
Delaware 4 Hudson conv 4s 98 9S
Erie first cons PL 4s . . . 89 90
Int Met 4s... 82. 82
Japanese 4s - 8J "
Japanese first 4s 91 92
Japanese second 4s 90 ....
Louisville 4 Nashville unl 4s... 9Sj. 99
Mo Kan 4 Tex 4s .87 SS
Missouri pacific 4s il '
New York Central 3s 82 82
New York Central L S 3s 81 81
New York City 4s 92 9S
New Tork City 4s of 1957.. ..106 107
Norfolk 4 Western 4s 78 .8
Norfolk & Western conv 4s 116
N Y Ont 4 W 4s Ms
Northern Pacific P L 4s 99 99
Northern Pacific 3s 68 69 ,
Oregon Short Line 4s 93 94
Oregon Ry Nav 4s 94 96
Penna Ry 4s of 1948 103 104
Philippine Railway 4s .... fs
Reading general 4s 8.
Republic of Cuba 5s 103 104
Southern Pacific first ref 4s... 94 95
Southern Pacific col 4s 90 90
Southern Railway 4s 78 TS
union p.ifTc "r.?4s:::::'.::::iw 100
rnlon pacific conv 4. 101 101
Union Pacific ref 4s ..: 9, 98
United States Steel 8 F 5s 10 102
United States 2s registered 100 101
United States 2s coupon... 10O 11
United States 3s registered 102 102
United States 3s coupon... 1"2 'Vl
United States 4s regl.tered 114 114
United States 4s coupon 114 114
United Railway S F 4s 66 66
--tei PilwSV St L 4 3 ....
Wabash first 4s 65 69
Western union 4a r;
Westinghouse conv 5a.......... 4 o
Western pacific 5s . 83 84
Wisconsin Central 4s 81 91
West Shore 4s 100 loo
. Stocks at Boston.
BORTOS. JulT 13. Closing ouotatlons:
Alloue 44 Mohawk 65
Amalg Copper.. 81jNevada Con 20
Arizona Com .. S!Nortn Butte. 80
B4CC4SM. 7 INorth Lake 5
Cal 4 Arlsona.. 78 Old Dominion... 55
Cat 4 Hecla 516 Osceola il
Centennial 242AQulncy 88
Cop Ran Con Co Ob-, isnannon u
E Butte Cop M. l;Superlor ........ 46
Franklin ....... 10, Sup 4 Bos Min.. 18
GIroux Con 4 Tamarack as
Granby Con ... 52 U S S R 4 M... 44
Greene Cananea. 91 do preferred... 49
I Royalle (COP) S;"" i;1
Kerr Lake. 2:Utah Copper Co. 61
Lake Copper.... 84'Winona ... 6
La Salle Copper 6IWolverlne 107
Miami Copper... 27!
Money, Exchange, Etc.
tcttw vnRif .Tulv IS. Money on call firm.
24S3 per cent; ruling 3; closing bid, 2;
offered at 2T4- ' .,,
Time loans easier: 60 day.. 3 per cent;
90 davs. 3ff3; six months. 44.
Close: Prime mercantile paper. 4 to 4
per cent. Sterling exchange firm, with ac
tual business in bankers' bills at $4.85 for
60-day bills and at $4.8740 for demand.
commercial oiw.. t-
Bar silver, 60c
Mexican dollars. 48c.
Government and railroad bonds steady.
LONDON, July 15. Bar silver, steady,
27d per ounce. Money, 22 per cent,
Tha rat- nf ri t -count in the open market for
short bills Is 3 per cent; for three months'
bins, 3 per cent.
SAN FRANCISCO, July 15. Sterling on
London Sixty days. $4.85; do, sight, $4.87.
Silver bars 60 c. ,
Mexican dollars Nominal.
Drafts Sight. 2c; telegraph, 5c.
Condition of the Treasury.
WASHINGTON. July 15. At the begin
ning of business today the condition of the
United States Treasury was:
Working balance in Treasury of
In banks and Philippine Treasury. 36.135,388
Total balanca in general fund.. 15S 589,458
Receipts Saturday 2,876,903
Deficit to date this fiscal year... 1.43. am
Deficit at this time last year... 4.259,346
These figures exclude Panama Canal and
public debt trancastlons.
(sharp Drop In Consols
L.KJi duty ou.B ...
new low record of 75 today. Apart from
the general tendency of British financiers
to discard home securities in favor of for
eign stocks, today's slump was partly due
to rumors of a Treasury bill issue amount
ing to $50,000,000 in connection with the
National Telephone purchase and the conges
tion at the same time of the market for
new issues. No fewer than eight prospec
tuses ot new concerns im e "
subscriptions aggregating nearly $lo,000,00O.
SAN FBANCISCO PRODUCE MARKET
Prices Quoted at the Bay City for Vege
table.. Fruits. Etc.
c . r vDivriRrn .Tulv 15. The following
produce prices were current here today:
rruii Aupica, nv.w, ..vu, .
... atT. c.itfnmla lemons.
Mexican mue, .
choice. $5; common, $2.50; pineapples. 1293.
Butter Fancy creamery. 28c.
Eggs-Store. 23c :; fancy ranch, 25c
v eeeiaoicH utuuiuci , -
2S3c; green peas, $1.502.25; string beans
265c: tomatoes. $22.50: eggplant, 87c;
Potatoes River Burbanks, 85c$L10
Oregon Burbanks. nominal; Early Rose, 75
Hay Wheat. $1621: wheat and oats.
$12019: alfalfa. $18013.50.
Receipts Flour, 3423 quarter sacks:
wneat, in couw.. . r-
... .atoi -n - vnn M( ancks: mld-
taioen, JU.IOl' m.-, u.", '
dllngs, 390 sacks; hay. 1277 tons; wool.
NEW YORK. Juiy "VVJ
Standard. 16.7517.12c; July. 16.81
i6S7al12c; electrolytic, 1717c;
lake. 1717c; casting. 1616c '
Tin easy" Spot. 44.15S44.35c; July. 44.10
44.25c: August, 43;62 6 :44c.
Leaa steady, , u
Spelter firm. 7.20 a 7.40c.
Antimony firm. Cookson-s. 8.2oc.
Iron steaay. ,o. x .uiiucih, iw.u.,.
.. .Fe1T. V-n 1 Smith.
0. . .onneru, (ij.;.i( .
em and No. 1 Southern soft, $15.50H.
Copper arrivals at New York today, 5915
tons: exports this month, 13,289 tons. Lon
don copper strong. Spot, 75 2s 66d; futures,
75 17s 6d. Local sales of tin. 2j tons.
London tin firm. Spot, 201 7s 6d; futures.
London lead. 18 7 6d. London spelter.
'"iron Cleveland warrants, 55s 6d In Lon
don. Vlnlble Supply of Grain.
NEW YORK, July 15. The visible sup
ply of grain In the United States Saturday,
July IS. as compiled by the New York Pro
duce Exchange, la as follows:
wheat 2.O84.O00 1,319.000
Wheat in bond 2.293.000 336-O0O
oatS .v j'49s ;2 . 7H;
Oats in bona t.i.y'nr ?j'!y"
Barley 7'XXX .rTn
Barley In oona x'." .r,'"".
Visible supply of grain In Canada will not
be Issued until tomorrow.
Coffee and Sugar.
..nnr -j-,n is T,.i, IE f.offee rinsed nuiet.
r.cw 1 w 1 , " - j .
net 2 points higher to 3 points lower, bales.
13.0011 fags, jui.v, w.',
September. 13.27c: October. 13.33c; Novem
ber, 13.40c; December. 13.46c: January,
13.50c; FeDruary. i.ot, 0..w
April. May and June, 13.56c
Spot coffee steady. Rio, 14 c Santos
No. 4. 16c Mild coffee quiet. Cordoia,
Sugar Raw firm. Muscovado, 89 test,
8.42c; centrifugal. 9S test, 8.92c; molasses,
89 test, 8.17c. Refined firm.
........... 1 , T.lp IK Tnrnantlna
VA.An. . -
CI a. 11 Al ham r -
Tirm. a fa'-.1-. -..-- , -,.
celpts, 13.000 barrels; shipments, lo5 bar
rels; stock, .ll.ouu uaircio.
Rosin firm, sales zuu pounas; receipts.
41U0 pOUIl'is. Biiii,i"c.. -.
B $66.10: D. $6.656.60; E, $6,6086.75;
' a. aa. c A on it ta fitia
6 95; I $6.839 6.95; K. $7fi7.15: M. $7.20
7.30; N, $7.S57.40; WG. $7.50 7.66; WW.
Dried Fruit at New Tork.
A VV I w IV r,. .uif . " -
pies unchanged. Spot fancy. 910c;
choice. $9c; prime. 77c
j.. fltlln fnr
frUne. Iieuui. i4uvnnu..i Htu-
Callfornlas up to 30-40. and 9o for
i . ... r-holee. SUaGVe: extra
choice, 77c; fancy. 7ic.
New York Cotton Market.
NEW YORK. July 15. Cotton futures
closed steady. 13 to 20 points lower. July.
11:94C: AUgUSt. acvuriii,
October, 12.13c; November. 12.16c; Decem
ber 12.Z1C; janumj,
12.24c: March, 12.32c: May, 12.41c. Spot
closed quiet. Mid-uplands. 12.40c; mid-Gulf,
12.05c. Sales. 500 bales.
Chicago Produce Market.
CHICAGO. July 15. Butt-r Steady;
creameries. 2325c; dairies. 2124c.
Eggs Steadv. Receipt.. 14.061 cases; at
mark cases Included. 1516c: ordinary
firsts. 16c: firsts. 17 c ,-it,iai.
Cheese Steady. Daisies, 1515c;
twins. 1515c; young Americas, lo0
15 c'; long horns. 15 & 15c.
TnriAn Wool SeJes.
LONDON. Julv 13. The offering, at the
tortav amounted to 11.619
hales Competition was animated and prices
were strong. All sections, including Amer
icans, were eager to buy suitable parcels.
Elgin Butter Market.
ELGIN 111 July 15. The quotation com
'.i xe F.lirln Board of Trade this
afternoon declared butter Arm at 25 cent
Wool at St. Louis.
ST LOUIS, July 15. Wool, stesdy. Terri
tory and Western mediums. 206 24c: line
mediums. 18&20c: fine. 1416c
Dulnth Flax Market.
DULUTH. July 15. Linseed on track and
to Arrive. $2: July. $2 bid: September. $1.89
asked: October. $1.82 asked.
Smrar Advances In East.
v-r-rr? mtir .Tulv 15. Al! grades of re
fined sugar were advanced 10 cents a hun
dred pounds tooay.
Gervais to Have New High School.
GERVAIS. Or., July 15. (SpeclaL)
At a special meeting Saturday night,
called for the purpose of voting a tax
for builnins ana maintaining a unura
. r 1 1 i tttla iitr n K-m!ll tax
niarn niuuui --j, -
was proposed and carried bj- a vote of
S7 for ana 11 againau
SMASH IN WHEAT
DROP OF OVER FOUR CENTS
North and Smith Dakota and Minne
sota May Have Yields Larger
Than Ever Before Early Kan
sas Estimates Are Exceeded.
CHICAGO, July 15. Record-breaking
crops, that experts today declared to be
fairly In sight, smashed the price of wheat.
The market closed demoralized, 83c to
44c a bushel lower than 48 hours before.
One of the best-known authorities in the
wheat trade announced that the conditions
In North and South Dakota and Minnesota
pointed to a yield of 260.000,000 bushels, a
total far above any ever previously reached
for the three states named. There was evi
dence at hand that Kansas would have to
be credited with 90,000.000 bushels to 100,
000,000 bushels, an amount much in excess
of the estimates heretofore accepted.
Holders of wheat showed discouragement
from the start. A sudden turn to cool
weather Northwest Insuring heavy filling of
the grain Just at the right stage, ana ren
dering unlikely any serious menace from
black rust, led to free selling on the part
of owners and also by speculators wno Be
lieved that the market was bound to drop.
Canadian grain men put the final stroke
to th breaking prices in wheat. Winnipeg
sent word that the three Northwest Prov
inces could be counted upon for 230.000.000
bushels and showed faith by lowering quo
tations in a hurry.
The corn market, though losing ground,
made a better showlmr than wheat.
In the deferred options, oats sank to the
lowest point or the season.
When the day ended, pork and lard were
5c to 7c less expensive.
The leading futures ranged as follows:
Open. High. Low. Close.
July 1.04 1.04 1.01 1.01
Sept. 99 1.00 .96 .9ft
Dec 1.01 1.01 .98 .08
July 74 .74 .73 .73
Sept. 69 .69 .68 .68
Dec 33 .0S .57 .57
May 58 .59 .68 .58
July 44 .44 .43 .43
Sept. 33 .35 .84 .84
Dec .86 .36 .85 .35
May 38 .88 .87 .87
Sept. 18.02 18.22 18.02 18.10
Oct 18.22 18.25 18.15 18.17
July 10.50 10.42
Sept 10.60 10.67 10.57 10.57
Oct. 10.63 10.67 10.62 10.62
July 10.37 10.80
Sept 10.40 10.50 10.40 10.42
Oct 10.87 10.42 10.37 10.37
Cash quotations were as follows:
Rve No. 2. 757$c
v Barley Feed or mixing. 58 70c; fair to
choice malting. 5c$LOI.
Timothy seed 17 88.
Clover seed IUiS'18.
Pork Mess, $17.17 131 IS.
Lard In tierces. $10.42.
Short ribs Loose, $10.80.
Grain statistics :
Total clearances of wheat and flour were
equal to 846,000 bushels. Primary receipts
were 82,000 bushels, compared with 2,104.
000 bushels the corresponding day a year
ago. The visible supply of wheat in the
United States decreased 1.210,000 bushels
for the week. The amount of breadstuff on
ocean passage decreased 2,840,000 bushels.
Estimated receipts for tomorrow: Wheat. 17
cars; corn, 179 cars; oats, 167 cars; hogs,
Minneapolis Grain Market.
MINNEAPOLIS. July 15. Close: Wheat,
July. $1.06; September. 97c; December,
879Sc. Cash: No. 1 hard, $1.09; No.
1 Northern, $1.08 1.09 ; No. 2 North
ern. $1.07L07; No. S wheat. $1.05
Barley 45 93c.
Corn No. 3 yellow, 7373c
Oats No. 3 white, 46 47c.
Rye No. 2, 67 70c
Brain In 100-pound sacks. $20 21.
Grains in San Francisco.
SAN FRANCISCO. July 15. Spot quota
tions: Walla Walla, f 1.6391.67; red Rus
sian. $1.21.63: Turkey Red. $1.7US 1.75:
bluestem. $1.67 01.70; feed barley. $1.37
fil.40; white oats, $1.8501.90; bran. $28
28.50; middlings. $35 36c: shorts, $32.50
Call board sales: Wheat December, $1.53
per cental asked. Barley December, $1.34
per cental; May. $2.38 .
European Grain Markets.
LONDON. July 15. Cargoes steady. Walla
Walla. September-October shipment, at 88s.
English country markets, firm; French
country markets, holiday.
LIVERPOOL. July 15. Close: July. 7s
6d; October. 7s 2d; December, 7s ld
Puget Sound Grain Market.
TACOMA. July 15. Wheat Snot blue-
stem, 95c; club. 91c; September delivery,
bluestem 86c: club, S2c. Receipts, wheat
8 cars, barley 1. hay 12.
RKATTLE Julv 15. Wheat Bluestem.
92c; fcrtyfold. S7c; club, 87c; Fife, 87c; red
Hops at New York.
NEW YORK, July 15. Hops Dull.
That's the popular
notion of bitulithic
gation will prove
that it's a fact.
Ohio Copper Company
TO THE STOCKHOLDERS OP
THE OHIO COPPER COMPANY
Notice 1b hereby given that the time for
depositing the stock of the Ohio Copper
Company and subscribing for the stock of
me new company niiuxu o -a
per Mining Company, expires July 2oth,
Th. ftnt lnnrc.1iTnnt nf flftv cents f&Oo.)
per share in New York Exchange with signed
SUDScripuon agreement J"
tiriroto. nf atnev nt the Ohio CoDDer Com
pany (duly endorsed in blank or to the
On 10 copper jaining t
warded on or before July 25th, 1912. to the
Empire Trust Company, No. 42 Broadway.
New York City, or to the International Trust
Company, No. 4o mux street, o'""-
X ..-- .,hinh rhafk. mmv Ha navable,
t', i.taiiTnnt of fiftv cents (50c)
per abare Is due on or before September
16th. 1912. Negotiable subscription receipts
will be issued upon payment of the first In
stallment, which upon final payment will be
not so participate will receive dividends of
twenty-five cents (25c.) per share on the
stock of the Ohio Copper Company on final
liquidation of that company s affairs.
You are earnestly recommended to a-vau
..-i .,-. v.svnei'.tK which the pro
posed plan affords by subscribing to the
stock or tne isew " j .
c.i i.i kisnv. tn had upon appll
cation to this office, or to either of the
abo-e-mentioned Trust companies.
By order of the Board of Directors.
r ncLfamB. fiuau - - - - j z,W ea
No. 74 Broadway. New Tork. July . 1912.
. UNITED STATES DEP0SIT0EY
THE BANK OF CALIFORNIA
OF SA-V FRANCISCO
Capital Paid in $8,500,000
Surplus and Undivided Profits. ........ .$7,905,912
Portland, Seattle, Tacoma and Virginia City
We buy and 511 Foreign Exchange; Issue Draft
and Cable. Transfers, Commercial Credits and
Travelers' Letters of Credit available. In all
parts of the world; make collections on all points
and conduct a general foreign aid domestic
DITEREST PAID ON TIME AND SAVINGS DEPOSITS.
Northwest Corner Third and Stark Streets
CHAMBER OP COMMERCE BUILDING.
WM. A. MAC RAE, Manager. J. T. BIBTCHAELL, Asst. Manage
President, G. K. Wentworth
Vlrr-Prrs., John A. Keating
Vlce-Pres, K. G. Crawford
Capital - -
First National Bank
Oldest National Bank West of the
LADD & TILTON BANK
Gnrplus and Undivided Profits..
Commercial and Savings Accounts
Letters of credit, drafts and travelers' checks issued, avail
able in all parts of the wrld.
W. K. Ladd, President. Robert S. Howard, Asst. Caablea,
Edward Cooklnsham. Vlce-Pres. W. Ladd, Asst. Casbler.
W. H. DnneaJey. Caahlcr. , WkUer M. Cwk, Ast. Caahler.
THE LARGEST STEAMER IN THE WORLD
New York Plymout h Cherbourg
Atlantic Transport Line
Kew Tork London Direct.
RED STAR LINE
w York Dotw Antwerp Paris
WHITE STAR LINE
vw York Quenstown Liverpool
-v- 1.- L- PlTrmnllthChArboUTsZ
Boston Queenstown Liverpool
STOCKS. BONDS. GRAIN AND COTTON
KEW TORK STOCK EXCHANGE
NEW YORK COTTON EXCHANGE
CHICAGO BOARD OF TRADE
THE STOCK AND BOND EXCHANGE
Main Floor Ltunbermens Bank Bldg.
Fifth and Stark.
Phones Marshall 4120. A 4187.
TAHITI and NEW ZEALAND
SOUTH SEA TOURS
FOR REST, HEALTH AND PLEASURE
Tiv VACATION RATES: 1st class round
dS VAHm 1M. to WELLINGTON
S267JS0, to SYDNEY $300.
KPiTIll. PACIFIC OCEAN TOCR, (In-
cludinSoutff Sea Isle.) to Sydney via Ta-
fZt Rarotonga- Nj- Jor"An'eovJrt
slass. Stop-overs any point en route, gooa
for one year.
Th splendid twin-screw S. S. MANTTCA
10 000 tons), of the VMi't ' rj v,i . ,
iviTiM) sails from San Francisco. July
If foV 6 i".NEY. via TAHITI, RAROTONGA
and u llu.U'"-1-
Further BailinK8 from San Fraaciiwo. Aujr;
91 snt 18 nd every 2 days. MaKe eBri
apVl?on for choice bertha. Send for new
CIOn'sTEAMSHIP CO. OF NEW ZEA
LAND, Ltd. Office: 879 Market St.. ban
LOS ANGELES ANT SAW DIEGO
STEAMSHIPS YALE AND HARVARD
Railroad or any steamer to San ?J
Cisco, the Expo City. Large.it. fastest,
and the ONLY strictly first-class pas-ena-er
shlD on the Coast. Average) speed
miles hour; cost K.OOO.Ootf each.
SAN FRAACISCO, POHTLANO L. A.
S. S. CO.
Main 628. Prank Bollatn. Agest A taSa,
X2S Third Street.
r,.1.1 Office Boom "B" Bailey Biiildlng, Second and Cherry Ms., Seattle, or
Company s unico oouj. BaUwaV and steamship Agents.
Cashier, F. A. Freeman
Asst. Cash. Graham Dukehart
Asst. Casbu, A. L. Tucker
F. O. Cooke
Aug. 1 7 -Sept. 7
SeDt 28 Oct 19
Montreal Quebec Liverpool
"MEGAN TIC & "LAURENTIC"
Largrst and Finest Steamers
on 8t. Lawrence Boute
Only Four Days at Sea
TO EUROPE IN COMFORT AT MOD
Twin Screw S. S. "Canada" and "Teutonic"
ONE CLASS (II) CABIN SERVICE
THIRD CLAMS cuuci nuujio
Baggage checked through to Stnamer
In Bond. Embark night before Balling.
Xrt hotel or transfer expense.
"EMPRESSES OF THE ATLANTIC
MONTREAL. yttUEC AND lAVJURPOOIj
SCENIC ROUTE TO ECKOPB
ON THE ST. LAWKtNCB RIVER
LEES THAN FOUR DATS AT SBA
263S MILES. PORT TO PORT
THE SHORTEST OCEAN PASSAGE
. . . so? KA and In
one-t-iass tuoj v 1 1-
Third-Class Lowest rates on request.
Canadian Pacific office, corner TJlrd ana
Pine (Multnomah Hotel bldg.. Portland,
and all local agents.
San Francisco, Los Angelei
and San Diego Direct
S. S. Roanoke and S. S. Elder
Sail Every Wednesday Alternately at a P. J.
NORTH PACIFIC S. S. CO.
122 A Third St. Phones Main 1314. A 13t
EXPRESS STEAMERS FOB
San Francisco end Los Angelee
8. S. ROE CITY sails 9 A. L, July 1.
THE SAN FRAN. PORTLAND S. S. CO.
Ticket Office 1 Third Street.
Phone: Main 200S. A 1-tOZ.
COOS BAY LINE
Sails from Alnsworth Dock, Portland, at
9 A. M July 2. 9. 14. J9. 24. 29; August
8 8, 13, 18, 23, 28. Freight received at
Alnsworth Dock daily up to & P.
Passenger fare; first-class, $10: second
class S7, Including berth and meal.
Ticket office Alnsworth Dock. Phones
Main 3600. A 2332.
Drain to Coos Bay
Anto Every Dsy. Wire Reservations to
O. MATTOON, Drain, Or.