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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 16, 1912)
lb THE MORXING OREGOXTAX, TUESDAY, JULY 16. 1912. PERFECT FOR HOPS Present Weather Could Not Be Improved Upon. QUALITY WILL BE BEST Week Opens Quietly in the Contract Market Spots Fast Dropping to a Parity With Xew Crop Prices. 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 excellent," TRADING IN" WHEAT FUTURES 8 MALI. Ton of Markets Everywhere Unsettled- Spot Grain Neglected. 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 uusneis. 20.153.0fO 29.1S3.000 10.S34.O00 7.230.000 13.2t;2.00O 46,635.000 Decrease. 1.210.000 2.it79.nOO 7S1.000 1.196.0O0 19.000 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.. 4M.000 25.915,000 1.67,000 11.875.000 44.000 12.719.000 13.067.000 809,000 1.244,000 Increase. 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 Total . . .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 California. 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 was steady. 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 Clearing. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. 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 PORTLAND MARKETS. 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 crate. BERRIES Raspberries. H Jft pr crate; loganberries. $1.25 41.50 per crate: black raps. S1.50. TROPICAL FRCTTS Oranges, Valencia. t C5 S 3 "S- California era"-"1 O" lemons. $4,500 per box; pineapples. 6c per pound. 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 pound. CHEEJC Triplets and daisies. 17c per pound. 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 Btaple Groceries. 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 per pound. 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, 22 25c. 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. 6 5Hc. GRAIN BAGS In car lots, l0c Provisions. 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 per case. 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, 95c 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 $8.35. 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 nf cattle. The day s sales were as ioiiows: Weight. Price. 859 wethers 1 I? l2 yearlings 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 ? use a.s 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 r-s ;;;,.,. S vl 79 4.25 The range of prices at the yards was as follows: ..-c.frtrt (-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 Stags - . . .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. 7 n 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 tive importance. 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 ate absorption. 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 merce commission. Best prices were recorded In the final dealings, when American Tobacco scored a sharp advance. 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. Closing Sales. High. Low. Bid. Allis Chal pf 2 Amal Copper .. 18,700 S1V 8054 &1 Am Agncult 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 do preferred 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 do preferred. 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 Ya-l'aro unem Wabash 4 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. BONDS. Furnished by Overbeck Cooke Co.. of Portland. Bid. Asked. 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 fices In banks and Philippine Treasury. 36.135,388 Total balanca in general fund.. 15S 589,458 Receipts Saturday 2,876,903 Disbursements 3.20o,l,8 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. uneese laouc Butter Fancy creamery. 28c. Eggs-Store. 23c :; fancy ranch, 25c v eeeiaoicH utuuiuci , - 2S3c; green peas, $1.502.25; string beans 265c: tomatoes. $22.50: eggplant, 87c; onions. 6075c. Potatoes River Burbanks, 85c$L10 Oregon Burbanks. nominal; Early Rose, 75 St HOC 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. 174 bales. Metal Markets. 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: Bushels. Decrease, 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" Rye 403,000 29.000 430.000 59,000 Barley 7'XXX .rTn Barley In oona x'." .r,'"". Visible supply of grain In Canada will not be Issued until tomorrow. Increase. 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, 1618c nominal. Sugar Raw firm. Muscovado, 89 test, 8.42c; centrifugal. 9S test, 8.92c; molasses, 89 test, 8.17c. Refined firm. Naval Store. ........... 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. $7.60- 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 Oregona. 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 a pound. 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 Record-Breaking Crops Prices Tumbling. Send 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: WHEAT. . 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 CORN. July 74 .74 .73 .73 Sept. 69 .69 .68 .68 Dec 33 .0S .57 .57 May 58 .59 .68 .58 OATS. July 44 .44 .43 .43 Sept. 33 .35 .84 .84 Dec .86 .36 .85 .35 May 38 .88 .87 .87 MESS PORK. Sept. 18.02 18.22 18.02 18.10 Oct 18.22 18.25 18.15 18.17 LARD. July 10.50 10.42 Sept 10.60 10.67 10.57 10.57 Oct. 10.63 10.67 10.62 10.62 Dec 10.30 SHORT RIBS. 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: Flour Steady. 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, 16,000 head. 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 1.05. Flax $1.97. 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 33. 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 weatner. clear. 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 Russian, 61C Hops at New York. NEW YORK, July 15. Hops Dull. "The Tax-Payers' Friend" That's the popular notion of bitulithic pavement. Investi gation will prove that it's a fact. Ohio Copper Company Reorganization 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, 1014 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 NATIONAL ASSOCIATION OF SA-V FRANCISCO FOUNDED 184. Capital Paid in $8,500,000 Surplus and Undivided Profits. ........ .$7,905,912 BRANCHES 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 banking; business. DITEREST PAID ON TIME AND SAVINGS DEPOSITS. PORTLAND OFFICE Northwest Corner Third and Stark Streets CHAMBER OP COMMERCE BUILDING. WM. A. MAC RAE, Manager. J. T. BIBTCHAELL, Asst. Manage lumbermens National Bank OFFICERS President, G. K. Wentworth Vlrr-Prrs., John A. Keating Vlce-Pres, K. G. Crawford Asst. Cash, Capital - - First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the Rocky Mountains LADD & TILTON BANK Established 1869. Carnta Stock Gnrplus and Undivided Profits.. Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, avail able in all parts of the wrld. OFFICER! 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 45,324 ni VMPif AMERICAN LINE New York Plymout h Cherbourg Southampton. 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 Southampton. Boston Queenstown Liverpool lioston--Miiirrnuc J.C.WIL50N&CO. STOCKS. BONDS. GRAIN AND COTTON KEW TORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE CHICAGO BOARD OF TRADE THE STOCK AND BOND EXCHANGE SAN FRANCISCO. PORTLAND OFFICE: Main Floor Ltunbermens Bank Bldg. Fifth and Stark. Phones Marshall 4120. A 4187. TRAVELERS' GUTDE. AUSTRALIA TAHITI and NEW ZEALAND DELIGHTFCL 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 Francisco. 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 SI, 000,000 $1,000,000.00 j. 800,000.00 Sails from JULY 27 NEW YORK Aug. 1 7 -Sept. 7 SeDt 28 Oct 19 WHITE STAR-DOMINION 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 ERATE RATES. 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. TRAVELEBS' GUIDE. Canadian Pacific "EMPRESSES OF THE ATLANTIC MONTREAL. yttUEC AND lAVJURPOOIj SCENIC ROUTE TO ECKOPB 1000 MILES ON THE ST. LAWKtNCB RIVER AND LEES THAN FOUR DATS AT SBA 263S MILES. PORT TO PORT THE SHORTEST OCEAN PASSAGE . . . so? KA and In sdSn::::::":::::::-ss 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 THOMAS M'CUSKER. WITHOUT CHANGE 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 STEAMSHIP BREAKWATER 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.