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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 8, 1913)
It THE MORNING OREGONIAN, SATURDA1. MARCH 8, 1913. BUYERS TAKE HOLD Wheat Market Recovering From Recent Setback. . BLUESTEM AT DOLLAR MARK With Improvement Elsewhere De mand in Northwest Is Better, but Holders Are Strong Patent Flour Trade Good. The wheat market is recovering from the slight setback It experienced at the opening; of the week. There was no easing off of values at any time, but for several days buyers were cautious about taking hold. Now they are In the market again and will ing to pay going prices. The course of the Chicago and Liverpool msnteti Is upward again, and this has Inspired confidence on all aides. The bluest em market Is established on a dollar basis for choice quality. A small lot of the best grade of bluest em wai sold lo cally at 11. 00 and the country reported some business at better than $1. Another lot was offered on the market at $1.01. but found no takers. The general quotation on bluest em held at W cents. Club was quoted at 87 cents and fortyfold at 88 cents. The aggregate amount of wheat business was not heavy, but the trade is assuming larger proportions than last week's. Opera, lions are still restricted by the strong bold, lng by farmers. There Is a normal movement in the do mestic flour market and prices are firm. Export trade Is quiet. Mill feed prices are fairly well maintained. Weekly foreign wheat shipments were as follows: This week. Last week. Last year. Argentine.. 5.272.000 6.13.000 2.784,000 Australia... 2.r0,000 1.344.000 1,640.000 India. 112,00 &O8.-C00 72,000 Local receipts, in cars were reported by the Merchants Exchange as follows: Monday ....... 125 20 10 20 3." Tuesday 07 .1 4 rt 11 Wednesday . 100 8 7 7 1 1 Thursday . . . 71 12 t; 7 Friday 57 4 n t; 12 Year ago 25 M O 5 Season to date. 14.075 17."0 125 1107 1159 Year ago 11,144 810 1811 1312 314$ MORE TRADING IN HOP MARKET March Operations Not Yet Equal to Febru ary'ston tracts Are Firm. There Is more stir In .the hop market, but the March business so far has not equaled lust, month's at this date. It was reported yesterday that George Rose sold 200 bales of his crop to -George Lewis at 15 cents, if. L Hart bought the Edmondion lot of 210 bales at Hugene. There was a fair de mand for contracts at 15 cents, but grow ers were not ready sellers. London hop dealers' trade circulars say: Wild. Neanifl A Co. Our market generally continues quiet, though some business has been done during the week at the recent reduction in values. Manger &. Henley Trade has been quiet the past week, the principal Inquiry being for the cheaper grades of copper hops. TV. H. and II. Le May There is some business being done where holders are willing to make some concession In price, and the stocks In first hands have been a sain reduced during the past week. ORA NO K SUPPLY NOT EX HAESTE D Plenty of Good Fruit Yet to Be Shipped From California. There are plenty of good oranges stilt in California not hurt by frost, according to the Fruit Growers Exchange. An official of the exchange In a statement says: "There are several thousand cars of good navels in California which will be moved within the noxt few months. exchange shippers are now commencing to move some of their best fruit. Most of this stock is going to Western points at the present time, but later on as the situation clears up tn the East, all markets will receive a fair supply. We are not denying that a large proportion of the citrus crop was seriously damaged by frost, but we most emphati cally deny that there la no good fruit to come forward. Further, there la a large quantity of navels that are slightly dam aged, stock that will give satisfaction to the trade and consumers'; this, along with the beat fruit, will be moved out gradually as market conditions warrant." APPIJ5 JOBBING TRADE SLOWS IOWN hhipment of To ma tors From Mexico Inter rupted Car Coming From Florida. Front street sold a good many boxes of npples yesterday, but the trade did not equal that of Wednesday or Thursday. The re tailers now have all the fruit they expect to dispose of during the present selling cam paign, prices hold without change. There was a fair demand for oranges and lemons moved well at $7.503' 8. Banana trade was active. There was a good movement In all veg etable lines. Shipments, of tomatoes from Mextre are over with the present, owing to the interruption of traffic In that coun try. A, car of Florida tomatoes Is on the any to this city. Local stocks of cabbage are well cleaned up. A car of California cabbnge Is due Mon day, also a car of lettuce and a car of mixed vegetables. Egg Trade Is Slower. Lkrs were weak and slow on Front street and retailers alao complained that their SMlee are lighter since prices dropped. The general Johblng quotation was 17 cents, case count, with a few sales reported at 17H cents. Candled eggs offered at 13 cents. The poultry market was also slow, with chickens offering at lo&lat cents. Dressed meats were steady. No changes were reported in the cheese or butter markets. Bank flea rings. Itink dearlntta of the Northwestern cities csterduy woro as follows: Clearing. Balances, Portland S1.SW4.4SJ $243,5.3 Htrlt . :ML".2;V; . 11.7l2 Taioma 4ttoAHtl t.7.713 i-Dokne 7n,M 7tj.2ol PORTLAND MARKETS. Grain. Flour. Feed. Etc WHEAT Track prlt;es: Club. 87c; bine stem, ViH'tfSi; 40-fold. SSc; rod Russian, eCSc; valley. Sic. BARI.hTV Ferd. nominal; brewing, nom inal ; rolled, $2.Vflo 2tt.:0 per inn. CORN Whole, $27; cracked, $28 per ten, FLOUR Patents. 4.70 per barrel; straights. S4.10; exports. 13.853.95; val ley. $4.70; graham. $4.00; whoi. wheat 40. MILLSTL'FKS Bran. $21 per ton; shorts. $JS per ton; middlings. $50 per ton. HAY Eastern Oregon timothy, choice, $13 17; mixed. $1011.50; oat and vetch, $12; aifatfa. 1L&0; clover. $10; straw, Ctf7. UATS No. 1 white. $.-7.. per ton. Fruit and Vegetables. Local jobbing quotations: APP1.ES Spitxenberg. extra fancy. $1.2.1 frl-30; choice, 70c ft $1- Yellow Newtown, extra fancy. ll.lul.CO: choice. 7ucf il. Wtnesap. extra fancy. $1.25 1.50. Red Cheek Pippin, extra fancy. $1.2&1.50: Ar kansas Biack. extra t'ancy, $1.7u2. Baid- In, extra fancy. $14j 1.2.1; choice. 7ScyJl. Rome Beau ty. S I . S i S 1 . &t ; small sixes, all varieties, less; Ben Davis, etc, common pack. 60 9 60c. TROPICAL FRUITS Oranges. : Navels, '.;on 4: Florida. $4.50; California grape fruit. 12.734p3.S5; Florida grapefruit. $5; lemons. $ pr box; p)nuppe. 6?7c per pound; tangerines. $2. 23 per box. ON IONS Oregon. lKc$l p?r sack. VEGETABLES Artichokes. $1.00 per dsu: aspareeu. Ctc pound:, cabbages. 19 1'tc pr poiifid: cauliflower: $2 pr crate: celery. $2-50U 4.25 per crate; cucumbers, $29 S2..V per dosen: etf?lant, 8.c pound: lion J lettuce, $2.25 per crate; peppers, 30c per pound; radishes, 35c par dosen; rhubarb. 12ic per pound; sprouts, 10c; toma toes. $2 per box; garlic. u6e per pound. SACK VEGETABLES Turnips. ft0ct?l per sack; parsnips. 0cG$l per sack; car rots. kucG$i per sack. POTATOES Bur banks, 4550c per hun dred; sweet potatoes, 4c per pound. Dairy and Caontry Produce. Local jobbing quotations: POULTRY Hens. lSfrloc; broilers, 25c; turkeys, live. lS20c; dressed, choice, 24Q 25c; ducks, 17 4 ISc; geese, nominal. EGGa Fresh locals, candied, ISc per dozen; current receipt, 17 17 He C H EES E Oregon triplets, 17c ; Toon g Americas, nominal. BUTTER Oregon creamery butter cubs, 87c per pound; prints. 39c per pound. VEAI Staple Groceries. Local jobbing quotations: SALMON Columbia River, one-pound talis. $2.25 per dosen ; half-pound flats, $1.40. one-pound flats, $2.45; Alaska pink, oce-pound talis. S5c; ailveraides, one-pound talis, $1.25. HONEY Choice. $5.2503.75 per ease. NUTS Walnuts. 18c per pound; Braatl nuts, 12 15c; filberts, 14 15c; almonds. 18?; peanuts, S$5c; cocoanuts. 80c $1 per dozen ; cn est nuts, 1 lc per pound : hickory nuts. 8l0c: pecans. 17c? pine, 17 20a BEANS Small white, 5.20c; large white, 4 5c : Lima, 6 c ; pink, 4.35c ; Mexican, 5c; bayou, 4.65c. SUGAR Fruit and berry, $5.25; Honolulu plantation, $5.20; beet. $3.05: extra C. $!.; powdered, barrels, $5.50; cubes, barrels, $5.60. COFFEE Roasted, in drums, 24940c pet pound. SALT Granulated, $14 per ton; half ground 100s. $10 per ton; 50s. $10.73 per ton; dairy. $12.50 per ton. RICE No. 1 Japan, 59 5 c; cheaper grades, 4 He; Southern head. 5c DRIED FRUITS Apples, 10c per pound: apricots, 12 14c; peaches, 8$ 11c; pnwes, Italians, b$ioc; silver, 18c; figs, white and black, 6&7c; currants, 9c; raisins, loose Muscatel, 6H7c; bleached. Thompson. llVie; unbleaced Sultanas, 8o: seeded, 78c; dates, Persian, 7 Ho per pound; fard, $1.65 per box. FIGS Twelve 10-ounce, 85c; 50 -ounce, $1.85; 70 4-ounce, $2.50; 80 10-ounce. $2,25; loose. G0-pour.d boxes. 8 7c; Smyrna, boxes, $1.1091.25; candled. $3 per box. ' Provisions. Local jobbing quotations: , HAMS lo to 12 pounds, i$4i019Kc; 1$ to 14 pounds, l&K?lfec; picnics, 12c; cot tage roll. 13c. BACON Fancy. 272Sc; standard, 22 23c; English, 10 (to 12 pounds, 21c; 12 to 14 pounds, 200. LARD In tierces, choice, 14o; com pound, 9 He. DRY SALT MEATS Regular short clears. 13(14 He; short clear backs, 12 to 16 lba.. 14H&15c; short clear backs, IS to 25 lba, 13 H &15c; exports, 14c BARRELED BEEF Extra mess beef, $14, mess beef, $13; plate beef, $20; rolled bone less beef, $80. BARRELED PORK Best Pig pork, $24; brisket pickled pork. $23 25. Hope, Wool and Hides. HOPS 1112 crop, prime and choice, 15 17c per pound; 1913 contracts, 10c per pound. PELTS Dry. ll12c; lambs, 25rs&c; xuu wool, $1.251.33. WOOL Eastern Oregon, 1014c per pound, according to shrinkage; valley. 1S$ 20c per pound. HIDES Salted hides, HH12s per pound; salted calf. 16318c: salted kip. 1214o; green hides, 11c; dry hides, 21 22c; dry calf No. 1. 25c; No. 2. 20c: salted bulls, sc. CASCARA Per pound, 5c GRAIN BAGS Portland, buyers July, 10a MOHAIR ltil3 clip, S2c per pound. Linseed OU and Turpentine. LINSEED OIL Raw, barrels, 66c; boiled, barrels, 58c; raw, cases, 61c; boiled, cases, 63c TURPENTINE Barrels. 61 He; cases, 64c. GASOLINES Naphtha. In iron barrels, 16c; In cases, 23c; motor gasoline, in iron bar rels. 17a: cases, 24c; engine distillate. In iron barrels. 8 He; in cases, 15 He TRADE AT STAND STILL NO BUSINESS PUT THROUGH AT STOCKYARDS. Only Tliree Loads of Hogs and Sheep Arc Received Values Are Nominally Firm. Onlv "throe loads of stock arrived at the yards yesterday and nothing was offered for sale. Receipts Tor the wceK nave oeen light, which accounts for the good prices that have prevailed, especially in the cat tle and hog markets. Commenting on the position of the sheep market the Livestock Reporter says: "Just where the sudden demand for sheep and lambs sprung from this week is a puzzle, as the trade was certainly apathetic at the close last week. However, receipts contained some extra choice, grain-fed, wool stock and killers were so attracted they actually raised the ante to get this stuff, and the result was a snappy session. Gen erally the sheep and lamb markets are in better shape at least for the time being. Price basis is not exceptionally firm, but strictly prime stock seems to catch the fancy of killers, which makes an up and down, uncertain trend. Values point down ward, rather than upward, and in the near future range of prices is likely to be shaded." Receipts yesterday were 143 hogs and IMS sheep. Shippers were: Hugh Cummlngs, of Corvallis, two cars of hogs, and Whitehouse & Hoon. of Walla Walla, one car of sheep. The range or prices at tne yaras was as follows: Choice steers $7.50 1 $8.00 Good steers 7.00 7.30 Medium steers t.5n& 7.00 Choice cows 6.50 7.00 Good nows 6.00 60' 6.5v Medium cows 5.o0fy 6.00 Choice calves 8.00 9.00 Good heavy, calves 7.50 Bulls 5.50 6.00 logs Light S.00 8.75 Heavy 7.00 7.75 Sheep Yearling wethers 5.00 S.50 Ewe 4.00fif 5.25 Lambs 6.00 --5 Omaha 'Livestock Market. SOUTH OMAHA. March 7. rattle -Re ceipts. rtOO; market, steady. Native steers. s . ..u vr s a ; na ti ve co w s ana n ei 1 ers, j M; Western t leers. Sf.ws.li; Texas steers. o.75ft 7. ; Texas cows and. heifers, 14.7 6f Hops Ki-teiiJts. 10,:itM; market, higher. Heavy. Sfi.:t0tr3.43: licht. SS.40 a S.0; pigs. $."S; bulk or dies. S.40$8.4.-. Kiu-n Hi'c;pis 1,000; market, steady. Yearlings. T.OO&7.7r; wethers, S6.00&6-75; laities. Chicago Livestock Market. mil ViTO. March 7. Cattle Receipts, 1.100; market, plow. Reeves, S7.2o4r.30; Texas steer., $3.30fi fl.6: Western steers. stt.to& S: KtocKers ana feaers, fn .-o; owe ana nirer?, s;;.wws; caives. ?n. Hours Reoelnts. lS.i'trtO: markets strnv Lilthl. VS.rtUirS.n: mixed, fS.50tfS.lM); heavy f v::," rough, ss.r.s 'a s.so: plga, JtJ.Soig &.70; bulk o: sales, SS.70S.83. Sheep :t.-.i. 7'H market, nrm. na tive. J.".7r.w7: Wiern, $t9'7.7S: yearlings, STwi s :o: lambs, i.ative. 7.754i9: Western. i7.;Ul. SAN FRATiClSCO PRODUCE MARKET Fricea Quoted at the Bay City for Vege table, Fruits, Etc. FAN" PRANt-ISCO. March 7. The follow ing produce prices were current here today: t ruit Apples, choice, o5c; common. 40c; Hfiicnn HtnnK nominal: Ca lif rtrn 1 n. limnni. vhoio, $7; common. f4; navel oranges, Sl.-?3: pineapples. 2.i0. Cheese Young Americas. JS ISc. flutter Fancy creamery, 34 c ; seconds, Bggs Store. ISc; fancy ranch, lc. Hay Wheat, -3f2.S: wheat and oats. I2K&0O2; alfalfa. $12.60 13.50; barley, 18 (BIS. k Potatoes Oregon Rurbanks. S7&c; Ra ltnaa B urban ks. 83cfe1.2i; sweets. S2.1Q & Vegetables Cucumbers, 3C 5.25; green peas. 10 1? 12 He; string beans. 15c; tomatoes, 5 4i 60c: eggplant. ltf 15c; onions. 40 60c Kecelpts Flour, tll2 Quarter sacks; bar ley. 5141 centals; potatoes, 3S25 sacks; hay, 469 tons. Nw York Cotton Market. NEW YORK. March 7. Spot Closed quiet. M.d-uplsnds, 12.6dc; mid-gulf. 12. tic Sales. &00 bales. Futures closed steady T to I points lower. March. 12.15c; ApriL 11.99c; May. ll.SSc; June. 11.83c; July. ll.SSc; August. 11.73c; September. 11.46c; October. 11.41c; Decem ber. 11.41c; January. 11.36c NEW ORLKAJKS. March 7. Cotton Spot quiet, unoftanged. Middling, 12 Sales 13 balse. Weot ml St. Loula. ST. LOtTIS. March 7. Wool, steady. Ter ritorv aud Wtsaa mediums, -1 20c; flat mediums. lflsf( AWe. 13rl7c. SPRING TRADE GOOD Staple Lines Are Now Receiv ing Most Call. FUTURE BUSINESS FAIR Contijiaed Activity in Iron and Steel Industry February Railway Earnings and Other Statistics Are Favorable. NEW YORK, March 7. Brads tree ts to morrow will say : Spring trade conditions are healthy. Sta ple goods received most call, but there is quite a little booking of far future busi ness, though buying in this respect Is tem pered to an extent by prospective tariff changes. - Wool is quiet and prices are rather weak. Industrial operations proceed at an active pace. Outdoor work has been conducted with few pauses throughout the Winter season. The market for flour appears to be overstocked, and flour milling In the North west is quieter. Specifications for finished steel are un usually heavy and the Industry, as a whole, is working at a high pressure. Copper has improved a little, owing to foreign demand. Wheat conditions are favorable and South ern operations are forwarded for the new planting season, with prospects favoring an increased cotton acreage. The railways are busy with miscellaneous shipments. Money is firmer, demand is active and banks are closely loaned up. Stock mar ket operations are characterised by dull ness and more or less heaviness, the chief factor being the unsettled condition of European money markets. Business failures for the week ending March 6 were 259. which compares with 287 in the like week of 1912. Wheat, including flour, exports from the United States and Canada for the week end ing March 6 aggregated 3.689,0-78 bushels, against 4,800,188 bushels last week and 1, 899,227 bushels this week last year. PIG IRON PRODUCTION IS LARGER Good Demand in Textile Trade Still Con tinues. NEW YORK, March 7. Dun's Review tomorrow will say: While there is little speculation in any market, the activity that has prevailed for a number 01 months past in tne important Industries and trades continues unabated. Railroad earnings during four weeks of February increased 4 per cent, as comparea with the same period last year. Other Feb ruary statistics were generally favorable. The average daily pig iron production In February exceeded that of January, a con clusive evidence of the continued activity in the iron and steel trade. The textile trade are experiencing a con tinued large demand. The clothing strike Is in the process of settlement and arbi tration of the Important dispute between the eastern railroads and their firemen is to begin next week. The shoe trade reports a steady broad ening of activity. Winter wheat conditions are very encour aging. The security markets have been, on the whole, more settled. Bradstreet's Bank Clearings. NEW YORK. March 7. Bradstreet's bank clearings report for the week ending March 6 show an aggregate of S3.S31.U67, Ooo. as against $2,99.494.000 last week aud 93,571.775,000 in the corresponding week last year. Pet. Inc. Xew York $2,209,9-2.000 6.1 Chicago 3S7,24,.000 14.0 Boston 191.111,000 ,1.3 Philadelphia 176.373,000 3.0 St. Louis 84.041,000 1 4 Pittsburg 61.4.V1.000 19.7 Kansas City G7.494.0OO 13.3 San Francisco G9.0S7.UOO 3.6 Baltimore 47.904.000 23.0 Cincinnati 28.869,000 5.8 Minneapolis 25,901,000 22.0 TLos Angeles 27,903,000 18.0 Cleveland 22.720.000 23.9 Detroit 24.3S7.000 26.9 New Orleans 19.9o3.u00 11 5 Omaha 22,880.000 0- S T,ouisvllle 16.533,000 10.7 Milwaukee 16.305. 000 3. i Portland. Or. 14.017.000 11.0 Seattle. 3 2.S70.WO Hi. ft St. Paul 15.835,0041 5.5 Denver 9.672,000 2.2 Indianapolis 9.572.HOO i;.2 Salt Lake City 6,134,000 18.4 Columbus r 6.348,000 1.1 Toledo 5,031. OO0 4.M Duluth 3.336,000 11.7 Ues Moines 10.927.OiH 51.3 Spokano 4.1 90, 000 4 . S Tacoma Z,44,IHm 34.B Oakland 4.970.000 1.0 San Diego s.or.9.000 13.6 Sacramento 1,893,000 8-S Ogden, Utah R48.0O0 13.0 Stockton 904,000 .7 Decrease. GOLD TAKEN FOR EXPORT NEARIiV SIX MILIIOX DOLLARS ENGAGED AT NEW YORK. Strained Monetary Conditions Abroad Affect the Wall' - Street .Market Tendency Downward. XEW YORK, March 7. Eir&asements of about $6,000,000 gold for export expressed in concrete terms today the bearing of strained monetary conditions abroad upon this market. The first engagement, of gold for Germany since the Spring of 1008 was announced. The bulk of -tht. gore, nowever, goes to France and Argentine. Berlin was again bidding t; per oent in this market today for ttO and H0-day loans in advance of April settlements. Indica tions were that the exportation of Rold, which has . amounted to n.arly 35.00y.OOO this year, would b. carried further, this country having th, least protected supply of the metal. The outlook for easy money rates was not favorable, although the call money rate here is still the lowest of any uf the world's great financial centers. LASt week's banks statement showed that the excess reserve had been r.duced to a slender margin and forecasts of tomorrow's report, based on known moveinents of enr rencv. Indicated a further loss of 3, 000.000 or 4.00O.O0O. The disturbing influence oCTonetary con. dltlons abroad, was left in tnis market as well as on the European exchanges. The list of stocks which declined from one to two points embraced most of the important Issues. Selling was not heavy, but traders wrre inclined to take the short side of the market, and no effective support was given. For the first time since last August a decrease in stocks of copper metal was re ported, th February figures- showing a shrinkage of nearly 8000 pounds. The de crease was email and was regarded as mak ing better conditions in the copper. Industry, especial significance being attached to the gain of 12,000,000 pounds in exports. Standard OH stocks declined on the curb, being affected by much the same kinds of rumors as were circulated yesterday regard ing Amerlcmn Tobacco and the attitude of the new Attorney-fleneral. Losses ran up to lot) points In one case. Bonds were heavy, with further decline, in recent flotations. Total sales, par value, $ 1.7So.000. Uniteii States bonds were un changed on calL CLOSING STOCK QUOTATIONS. Keported by J. C Wilson as Co., Lewis building, Portland, Closing Sales. High. Low. Bid. Amal Copper .. 3S.WO 71 7 "OH Am Beet Sugar. ltx .1,-.!, 34 Am Can Co'... S.TOO 122). IJli 121 Am Car & Fdy 53 Am Cotton Oil. T 47i 47 Am Smcl & Ret 190 IOCS 103 S 1034 Am Sugar 114 do preferred.. 314 Am Tel 4 Tel.- 200 24 1S2 Am Tobaeco ... -"oO 342 242 2SS Anaconda K 7 36 i "6, Atl Coast Line.. 1W 12S 125 124 AT Santa Fe Soft 10H4 101 101 do preferred.. 'Ma 10O 100 100 Bait & Ohio ... 1.3'X lOO", lOOSj li-0'i Mronk R Trail. . 1.400 f M 80 Canadian Pac .. C.KOO 22s 227 S 2277, C O 1.200 7U1 T2i, 7S C O VT 1454 C S If 40O 13S 1S44 1-4 c, M A St Paul 1.10 lt) low lo'JVi Central Leather 100 27 27 27 Central of X J S- Chins 3.700 0U S3 3X Col Fuel Iron TOO 33 33 t3 Col Southern - 27 Consol Caa 1,400 131tt 130 130 r L & W 400 D 4 R G 19 Distilling Securi 17 Eri. -1,900 27 27 27 Gen Electric ... 900 13S 138 13SS Gt North Ore. . ' 3.1 Gt North pf ... 1.500 127 126 126 Illinois Central. 300 123 123H 1234 Interboro Met.. 9t IS 17 17 s do preferred.. 600 0 ' 59 89 Inter Harvester 400 107 106 106 K C Southern.. 2O0 24 ' 24 24 Lehigh Valley.. 2.900 155 155 155 Louis lc Nash.. 500 134 133 133 Mexican Central 23 M. S P & S S M 100 136 136 135 Mo, Kan It Tex 25 Mo Pacific 1,300 33 37 37 National Lead. . 51 Nat Biscuit ... 300 116 114 113 do preferred.. 11S N T Central ... 800 100 106 105 N Y, Ont & Wes 100 30 30 30 Norfolk West 100 105 105 105 Northern Pao .. S.4O0 116 113 115 Pacific Mall .. .. 100 27 27 26 Pacific T & T. . 200 36 36 36 do preferred.. 92 People's Gas ... 100 112 112 111 Reading 74,000 158 150 150 Rock Island ... 1.000 22 2t 21 Southern Pac. . 6.20O 100 99 99 Southern Ry .. 300 20 25 25 Texas Oil 200 113 113 113 Union Pac 36,200 133 151 do preferred. 74 United Rds S F 2 U S Steel 32.BOO 61 60 60 do preferred.. 1,800 108 108 10S Utah Copper ... 3.900 53 52 52 Wabash 3 Western Union . . 400 S 6S CS Westing Elec .. 180 69 09 69 Wisconsin Cent 47 Total sales for the day. 299,60 shares. BONDS. Reported by Overbeck & Cooke Co., Board of Trade building, Portland. Bid. Asked. Amer Tel Tel conv 4s 10ii 105 American Tobacco 4s 9 . 96 American Tobacco 6s...- 120 .... Atchison general 4s. - 96 97 Atchison conv 4s 102 103 Atchison adj 4s stamped S7 - S7 Atchison conv 5s 102 .... Atlantic Coast Line cons 4s.... 92 -93 At coast Line "L & N coll" 4s. 90 o Baltimore lc Ohio 3s 90 90 Baltimore fc Ohio 4s 96 96 Brooklyn Rapid Transit 4s S 90 Chesapeake & Ohio 4s 100 100 C B & Q gen mtg 4s 94 94 C B A Q lolnt 4s 94 t C B lc Q Ills 4S 93 96 C B & Q Denver 4s 94 90 Central Pacific first 4s 94 94 Chicago R I & P ret 4s 95 95 Chicago R I & J Col trust 4s... 63 04 Colorado & Southern first 4s 93 93. Denver & Rio Grande 4s Ss .... Delaware & Hudson conv 4s... 97 97 Erie first cons P L 4s 85 . 83, int Met 4s 79 79 Japanese 4s o0 82 Japanese first 4s 88 SS1, Japanese second 4s 89 Louisville & Nashville uni 4s... 95 97 Mo Kan & Tex 4s 85 85 Missouri pacific 4s 9 70 New York Central 3s 84 S3 New York Central L S 3s. ... 77 77 New York Central 4s 90 New York City 4s of 195T 104 104 Norfolk & W'estern 4s 80 Norfolk 4 Western conv 4s.. 1. 105 106 N Y Ont & W 4s 90 Northern Paciflo P L 4s 93 93 Northern Pacific Ss 06 67 Oregon Short Line 4s 80 89 Oregon Ry & Nav 4s 93 94 Philippine Railway 4s 83 Reading general 4s 93 96 Republic of Cuba 5s 101 Southern Pacific first ret 4s 93 93 Southern Pacific col 4s 94 Southern Railway 4s 77 78 St L & S F ref 4s So Union Pacific first 4s 98 9 Union Pacific conv 4s .... 94 94 Union Pacific ref 4s 93 93 United States 2s registered 100 101 United States 2s coupon 101 101 United States 3s registered 102 103 United States 3s coupon 102 103 United States 4s registered 113 114 United States 4s coupon 113 114 United Railway S F 4s 03 63 United Railway St L 4s 74 Wabash first 48. 60 4 Westinghouse conv 5s 92 9,1 Western pacific 5s 86 86 Wisconsin Central 4s 90 91 West Shore 4s 98 98 Stocks at Boston. BOSTON, March 7. Closing Quotations: Allouez 37 IMohawk 50 inalg Copper.. 70Nev Con ex-div li A Z L & Sin . . . 29,Nlplssing Mines. 8 Arizona Com .. 3;North Butte 28 B&CCiSM. 6 INorth Lake 1 Cal It A ex-div. 63Old Dominion... 48 Cal 4 Hecla 4lil lOsceola 86 Centennial 13 lUuincy Cop Ran Con Co 45 I.Shannon 11 E Butte Cop M. 13 ISuperlor 30 Franklin Sup & Bos Min.. 3 Giroux Con .... 3Tamarack 2! Granny Con ... 61 U S S R & M . . . 4o Greene Cananea. 8 I do preferred... 4S I Royalle Cop) 25 Utah Con 9 Kerr Lake 3 Utah Cop ex-div, 53 Lake Copper 16iwinona 2 La Salle Copper 4Wolverine ex-div 62 Miami Copper... 23 I Money, Exchange, Etc. N!-:V YORK, March 7. Money on call nrmer. . a ' - per cent: closing bid, 2 per cent; offereoJ at A per ceui. Time loans strong. Sixty and 90 days and six months, 4S5 per cent. Prime mercantile paper, 55 per cent. Sterling exchange steady with actual bus iness in bankers' bills at $4.83.65 for JW day bills, and at 4.87.95 for demand. Commercial bills, 4.82. Bar silver, 58c. Mexican dollars, 48c. Government bonds steady; railroad bonds heavy. . LONDON. March 7. Bar silver, -.eak, at 26 13-16d per ounce; money, 4 per cent; rate of discount in the open market for short bills. 4 15-163 per cent; do, three months' bills, 4g4 per cent. SAN FRANCISCO, March 7. Sterling on London. 60 days. $4.83; do sight, 4.88. Silver bars. 68 c. Mexican dollars, nominal. . Drafts, sight 4c, telegraph 5c. Condition of the Treasury. WASHINGTON. March 7. The condition of the United States Treasury at the begin ning of business today was: WoFking balance 81.624. 8S6 In barks and Philippine treasury 43,445.602 Total of general fund 140,955,214 Receipts yesterday 1,359,744 Disbursements 2,169.371 The surulus this fiscal year is $10,697. 53, as agains: a deficit of $19,310,545 last year. These figures for receipts, disbursements, etc.. exclude Panama canal and public debt transactions. Metal Markets.' NEW YORK. March 7. Copper firm. Spot to June, 14. 5oigl4. 7oc: electrolytic, Jofii 15.12c; lake, i;.25&15.S7c; casting, 14.703 14.87c Tin weak. Spot end March. 47 47.50c April. 40.73 47.25c: May, 46.50 46.73c Lead steady. 4.3064.40c. Spelter steady. 6.30 : 6.40c. Antlmonv dull. Cookson's. 9.2309. 40c Iron barely steady. No. 1 Southern. $18 t71S.25. Copper arrivals, 25 tons. Exports so far this month lo.zie tons. Lanaon cop per easy. Spot, 6o 5s; futures, 65 10s. Local exchange sales tin. 50 tons. London tin easy. Spot. 215; futures, 211 10s. Lon don lead. 15 lQs. Indon spelter, 24 10s. Iron, Cleveland warrants, 63s 3d in Lon don. Crfe and Sugar. NF7W YORK, March 7. Coffee futures opened steady at an advance of 4 to 10 points in response to higher European ca bles. The market eased off from the best under a continuation of scattered liquida tion and local selilns. The close was steady and from 1 to 5 points net higher. Sales. 47.730. March. 11.96c: April. 12.06c; May, 12.20c: June. 12.24c: July. 12.28c; August, 12.33c: September. 12.40c: October, 12.33c; November. 12.29c: December, 12.25c; Janu ary aud February. 12.26c. Spot quiet. Rio . 12H4jel2c; Santos 4. 14c Mild dull. Cordova, 15Q17c, nomi nal. Haw sugar firm. Muscovado, 89 test, 3.54c; molasses, 89 test, 2.79c; refined steady. ' Lower Weot Basis at Boston. BOSTON, March 7. The Commercial Bul letin will say tomorrow: The wool market appears to hav settled down to a trading basis after a number of weeks of uncertainty and Irregular prices. Prices are generally 10 per cent lower than the high point, and on some classes of wool, notably fine sorts ,even more than that. London Wool Sales. . LONDON, March 7. The offerings at the wool auction sales today amounted to 12.406 bales. Competition was active and the best prices of the series were paid, especially fo coarsa cross-breds and greasy merino. Con Useptal and home spinners were eager for their specialties, while Americans bought a few lota of medium light-haired cross-breds. Naval Stores. SAVANNAH. March 7. Turpentine firm. 40e: sales. 212: receipts, 15; shipments, 15O0: stocks, 16.000. Rosin firm; sales, (143: receipts, 139; ship ments, 5450; stocks, 110,5O0. Quote: A, B, $6.25; C. D. $6.40: E. I6.43T F. $6.50; . $6.55: H. .65: I. $.So: K, $7.15; M. $7.40; N. $7.45: WG. 7.0i97.73; WW, 7.83. Dried Frmit at New York. NEW YORK. March 7. Evaporated ap ples quiet. Prunes firm tor large sixes. Peaches steady Dulath Unseed Market. -DULTJTH, . March 7. Close Linseed, $1-25; May, $1.26 : July, $1.23. FARM STOCKS LARGE Reserves Are Estimated as High as 158,000,000 Bushels. HEAVY RECEIPTS FOR DAY Chicago Market Firm on Large Ex port Engagements, bat Prices Later Weaken Coarse Grains Are Generally Higher. CHICAGO, March 7. Receipts in such volume as to look more suitable for Sep tember than for March halted an advance today In wheat, prices, though steady at the close, were c lower to l-loo up. The outcome for corn was the same as last night to a shade higher, and for oats unchanged to a rise of c Pork wound up 2e to 15c dearer, but no material .difference was maintained In lard or ribs. Big reserves cf wheat on the farms ap peared to be evident and one authority es timated the total as high as 158.000,000 bushels. Stocks in millers' bands, also, were declared to be larger than a year ago. News" of this character, however, did not influence the market until after there had been x considerable hardening of prices on account of ocean freight room engaged for 21 boatloads by way of the gulf. Arrivals of wheat at primary points were 836.000 bushels, against 865,000 bushels a year ago. Seaboard clearances of wheat and flour- equaled 395.000 bushels. Smaller receipts of corn tended to make that cereal advance. The market reactea, though, when wheat turned downward. Paucity of otcerings gave oats an appear ance of strength. New high prices for hogs tlrted provisions and gave pork a fresh top record for the season, $21.05 a barrel. May delivery. Lively realising of profits led afterward to.sovne setback. The leading futures ranged a follows WHEAT. Open. High: May 91 .91 July o .90 Sept. 89 .89 CORN. May 32 .53 July 54 .54 Sept, 54 .55 Low. Close. .91 .91 .90 .90 .ts9 -89 .04 .04 Ji OATS. May .." 34 .34 .34 .34 Julv 34 .34 m .34 .34 Sept 34 .34 .34 .34 MESS PORK. May 20.90 21.03 20.90 50.97 July 20.50 20.70 20.50 20.62 LARD. Mav 10.90 10.92 10.87 14.87 July 10.82 10.82 10.SO 10.80 Sept 10.77 10.82 10.77 10.80 SHORT RIBS. May 10.90 10.95 10.90 10.90 July 10.82 10.85 ' 10.77 10.77 Sept 10.75 10.80 10.72 10.72 Cash prices were: Cash corn. No. 2 yellow. 52c; No. S, 48 50c; No. 3 white, 5050c: do, yellow. 48&50e: No. 4, 47&49c: No. 4 white. 4S(8i49c; No. 4 yellow. 474SC . Rye No. 2, 6062c. Barlev. 4S70c. Tlmothv. S2.7oiS3.S3. - Clover, il-2li.o0. UnnMpolU Grain Market. MINNEAPOLIS. March 7. Close May, S.V-s&'SMc; July, STft&SSc; September, 68 ft Cash No. 1 tiard, $6Hc; No. 1 Northern, 85H'8iic: Nb. '2 Northern, S2ft i&3o; No. - hard Montana, t5vitc; No. 3 wheat, SOH 81c. Bran, M818.50. Flax. 51.241.-5.. Barley, 42 & 56c. Grains In San FrancUco. PAN' FKANC1SCO, March 7- Walla Walla, $1.."7 f 1.60; red Russian, $1.55 1.57 M: I Turkey red. $1.75 1.77 Vi; bluestem, S1.75 1.77 Vfe; feed barley, $1.35; brewing barley, $1.44(91.41! V ; white oats, $1.51 1.53 34 ; bran. $2:; a 20.50; middlings, $30 31; shorts, $24.50 025.50. Call board sales: Wheat Steady; no trad ing. Barley Firm; December, $1.32 H ; May, $1.30fc. inigret Sound Wheat Markets. SEATTLE. Wash., March 7. Wheat BI uestem, 99c ; fortyfold. 87c ; club, bflc ; fife, fide; red Russian, S5c. Yesterday's car receipts Wheat, 9; oats, 5; flour, 3; hay. 10; barley, 2. TACOMA. Wanh., March 7. Wheat Bluestem. 979Sc; fortyfold, 80c; club, 86c; red Russian. S4c. yesterday's ear receipts Wheat, 28; bar ley, 1 ; corn, 2 ; oats, 3 ; hay, 11. European Grain Markets. LONDON, March 7. Cargoes on passage steady. English country markets quiet. French country markets steady. LIVERPOOL, March 7. Closing: Wheat Spot, steady; futures, firm. March. 7s 6d; May. 7s 3d; July, 7s 2d. Chicago Dairy Produce. CHICAGO, March 7. Butter steady. Creameries, 28 & 36c Eggs easy. Receipts, 10,031 cases; at mark, cases included. lGlSc; ordinary firsts. 17c; firsts, 17 c. Hods at New York . NEW YORK, March 7. Hops Quiet. BIDS NOI HEADVERTISED BIJOADWAX BRIDGE MGHT1XC PUN FAILS. Executive Boa id Declines to Recon sider Matter of Awarding Con tract conomy Plea Made. Failing of a motion in the Kxecutivc Board to reconsider the matter ot awarding the contract for the dec orative lighting of Broadway bridge, the attempt mado to have bids for tho work readvertised also failed yester day. , At the last regular meeting of tho Executive Board, of which yesterday's meetina: wan an adjourned session, the contract for this work was. awarded fro the "West Coas( Kngrineerinp Com pany, an "open shop" concern, for J20t 894. Falling to carry a motion for the rejection of all bids and readvertlse mcnt at that time, the labor union members of tho Board, Rector, Fitz gerald, Murnane and Hornby, secured the signatures of three other members of the Board, Cohen, Kubli and Seton, making, with their own, a majority of that body, to a petition . to the Mayor asTcing that he defer signing the contract, the reason given for the request being that they believed the city could be saved money if the bids should be readvertised. A motion to reconsider the matter could come only from aome member of the Board who bad voted to award the contract, but no such motion was forthcoming, and despite the offer of a Seattle contractor, who had been an unsuccessful bidder, to deposit a cer tified check of from 1600 to J800, and to guarantee to save the city that amount over the contract as awarded, there was "nothing doing." - The recommendation of the lighting committee that bridges at East Twenty-eighth street. East Twelfth street. Union avenue and Grand avenue be equipped with cluster lights was adopted. The contract for plumbing the new City Jail was awarded to Fox & Com pany, their bid being J11.693. Gardiner Camps Operating. GARDINER, Or., March 7. (Special.) After a shutdown of about three months, all the logging camps of the Gardiner Mill Company resumed oper ations March 3. More timber will be LOWEST RATES ON JJ" g FOREIGN EXCHANGE with foreign coun their advantage to avail themselves of the unexcelled facilities offered by the lumbermens National, Banke Fifth and Stark Streets, Fortlaad, Oresoa. RESOURCES SIX MlLLIO.9. LADD &TILTON BANK Established 1859. . , Capital Stock ; $1,000,000.00 Surplus and Undivided Profits 1.000,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, available in all parts of the world. OFFICERS. W. M. Ladd, President. Robert S. Howard, Asst. Caahl Edward Cookingham. Vlee-Prea, J. W. Ladd, Asst. Cashier. W. H. Dunckley. Cashier. Walter M. Cook. Asst. Cashier. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the ' Rocky Mountains New "OLYMPIC" FITTED WITH DOUBLE SIDES AND ADDITIONAL WATERTIGHT BULKHEADS EXTENDING FROM THE BOTTOM to the TOP OF THE April 12 .Will Sail from NEW YORK AMERICAN LINE N. Y.-PlymonA-Cherbourg -Sou&ton Atlantic Transport Line New York London Direct RED STAR LINE N. Y. Derer Antwerp A. E. DISNEY, PASS. ACT., 619 SECOND Or ljoeml Hallway and logged this year than ever before In the history of lumbering on the Utnp qua and Smith Rivers and tributaries. About 150 men will be employed in the BARBER ASPHALT" has, in every progres sive city through out the country, and under the most ex acting tests, demon strated it3 durability and economy. BITULITHIC PAVING WEARS The street pavement 11 is a most important 11 factor in the up- II building of cities. tries will find it to FOREIGN EXCHANGE DEPARTMENT VESSEL - May 3 And Regularly Thereafter WHITE STAR LINE New York Queenstown Liverpool N. Y.-PIymouth-Gierboiirg-So'jihamptoa MEDITERRANEAN CRUISES Boston Mediterranean Italy Canopio ..March 15 Cretlo April S AVE., MAIN FLOOR. REAR. SEATTLE. Steamship Areata. four different camps, and the machin ery used will consist of two locomo tives and 10 ionkey engines. J.C. WILSON&CO. STOCKS. BONDS. GRAIN AND COTTON MEMBERS NEW TORK STOCK EXCHANGE. KEff YOlUi COTTON EXCHANGE, CHICAGO BOARD OF TRADE, THE STOCK. AND BOND EXCHANGE. HAS i RAN CISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street. Phones Marshall 4120, A 4187 TRAVELERS' GUIDat. AUSTRALIA TAHITI AND NEW ZEALAND. Round Trip Raten: 1st claim to Tahiti 9135, to Vlllnrt4in fi!67.S0. -to Sydney $.00. HpeciuJ 1'aciflc Ocean Tour (including South Sea. iBlea) to Sydney via Tahiti, Raroton and New Zealand and returning to San Francisco (or Vancouver) via Auckland, FIJI or Samoa and Honolulu, $U25. 1st claas. 8 top-over any point, good one year. Sail ings from San Francisco April 2, April 30, May 28. etc. In ion Steamship Co. of New Zealand, T,td. Of rice: 678 Market Ktreet. San Francisco. or Local 8. & and Railroad A rents. . ; COOS BAY LINE 8IEAMEB BKKAK WATER sails from Aiuswortb Uock, Portland, at S A. M.. March 111 and thereafter every Wednesday mornins; at 8 A. M. Freight re ceived daily except Tuesday up to 6 P. M. Tuesdays up to 3 P. M. Passenger fares: First-class. $10; second-class. $7, Including berths and meals. Ticket office at Ains worth Dock. The Portland ft Coos Bay TJne. I H. Keating, Agent. Phone Mala 86Q0, A 2332. irvg.g ms str c EXPRESS STEAMERS FOR Saa Francisco and Los Angeles WITHOUT CHANGE S. 8. ROSE CITY Hails 4 1'. M. Marrh IS. 8. 8. KANSAS CITY sails 4 P. M. Marrh 17. THE SAN FRANCISCO A PORTLAND S. M. CO. Ticket Orfice :ld and Wellington (wills O.-w. K. . Co.) Fmone Marshall AMO. A S13L San Francisco, Los Angeles and San Diego Direct S. S. Roanoke and S. S. Elder. Ball Kvery Wednesday Alternately at P. M. NORTH PACIFIC S. S. CO. 122 A Third fit. Phone Mala 1X14. A 1314. BAHIA, RIO DE JANFIRO. 8ANTOH, MONTEVIDEO, IUTENOR AYKbS & ROSA RIO Lrc, New ami Fast Passrngrr 8ieanir frota Kw Yorfc every lirna.ttird;-T TO rates, etc., annfyloeal ticket atn1,er ! ppvloce Exchange, Ne