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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 2, 1913)
HEW BEEF SUPPLY Swift and Armour May iter ate in Australia. FREEZING PLANT PROPOSED Foreign Cattle, Sheep and Hogs Will lie Forwarded . Dressed to This Coast Means Iowcr Prices to Consumers. The meat business of the Pacific Coast may be revolutionised In the mar xuiuro , . i .-.f Bnnnita from Australia. The success of the first shipment to San Francisco, after the legal orainuiw eleared away, will probably lead to a con tinued trade m this direction. Expecting at least a lowering- of the pres ent tariff on meats admitted Into America, the Swift and Armour people are said to e now preparing for the construction of a Jiuge slaughter-house and freeitng plant at Brisbane, Queensland, from which they will ship to the United States thousands of froxen sheep, hogs and cattle weekly. The Aroerl ren companies will also handle Australian butter, which at the present has been de Tarred from the American market through the prekenoe of boric add as a preservative. . .- .v. .,-M will he omitted in fu ture, and freezing alone depended on for preserving. Australian government commissioners at San Francisco confirm the statement that Australian beef, mutton, pork and batter wlU In a few week! flood the markets of fan Francisco and other American cities and lower the present high prices of meat to the consumer. The Union Steamship Com pany has announced that an order has been placed In England for the construction of four large refrigerator carriers, which are to fee nsed for transporting frosen meats from Australia to San Francisco. The head of Fchweltier Co.. of San Francisco, which fnr yeara has always dealt Independently. Is now in Australia, and at Sydney has closed a contract for all of the available refriger ating space on the three liners of the Union company now operating iu " The steamship-owners have secured guaran tees from Schweltxer for large orders suf ficient to test the refrigerating capacity of the present fleet of steamships. Schweltier espects to bring to San Francisco millions of pounds of meats, especially mutton, which Is to bo supplied not only to local customer, but also to many other parte of Csllfornla. Accordtng to D. E. Qutnn, now New South Vales Commissioner for the United States, hundreds of cattle-breeders of Texas and other Southern and Western states have signified their Intention of going to North, ern Australia and going Into the cattle business upon a bigger scale than ever be fore attempted. Already concessions have been arranged for the taking over of vast portions of more than 1.O00.00O square miles of virgin territory, which Is adapted to the raising of millions of sheep and cattle an nually. To prevent the possibility of the meat trust talcing over the vast production of meats and butter of Australia, and charging the consumer high prices and paying the producer low prices, the commonwealth is arranging to take charge of the slaughter Ing. freezing and sale of these products upon a national scope and keep prices upon an even basis. The largest killing, freezing and packing plant In the world will soon be in course of construction at one of the seaports of Northern Australia, in which sheep, hogs and cattle will be handled for the markets of the world. WHEAT MARKET IS OX A FTRM BASIS Clnk Bella ea Sound at Top Price of Recent Months. The announcement yesterday morning of the cat In Oriental freights to the 83 basts was tn line with expectations. A consider able amount of wheat buslnesa has already tieen put through nd more is pending. The market was firm, with sales of club on the Sound at 8 eenta. There was also an active demand for red wheat In the North. Blue atom was quiet, but was quoted firm at SOeegl. ' The California demand for wheat con tinues good. European cables for the day were lower. The foreign markets generally, however, are In a good position. The under lying strength of the situation Is thus ex plained by Broomhall: The market has ruled firm during the wak, wltn the predominating Influence being a continuance of the Continental demand, and there Is repeated evidence that the "Continental requirements are abnormally .large. The haying by the United Kingdom mi affected by the very light supplies ot spot and nearby, and this demand in no way shows any sign of abatement, and the Ituatlon te not materially changed. The jreneral demand for Imported wheat la still on a very large seal and fully equals my recent prediction, and. Indeed, from all ap pearances, the Continent will take more than generally expected, but possibly the demand for the concluding weeks of the present sea son win be curtailed from those countries which, harvest their crops In June and early July. The United Kingdom Is receiving a comparatively small portion of the weekly shipments, but It Is expected that this coun try will receive large quantities when the Canadian movement assumes Importance, It la reckoned that the weekly world s ship ments later on will afford G. 100,000 bush ' sis to the United Kingdom, but this appar ently large amount will not seem excessive or burdensome when considered from the demand standpoint, as It Is slmost certain that millers and merchants are disposed to reconstruct their depleted reserves, antici pating the uncertainties attending the har vest period throughout Western Europe." Local receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Cats Hay Monday 1 2" 1 M TTJ " - 1 I Wednesday .. IS 1" 2 Thursday .-. - , Tear ago IO I S 2 2 Fean to date.l574 W !154 1370 W Year ago. 1-646 3. 1 10 1472 2C11 NO DEMAND NOW FOR SPOT HOPS Inquiry for the Coming Crop Is Also Very flark. There has been alnvst no Inquiry for hops this week. The season can be counted on so ever, so far a 1912s are concerned. A few dealers are offering 13 centa for con- tracts, but farmers are not Interested. Free offerings of the coming crop would prob ably mean lower bids by dealers, English market conditions are reported by the Kentish Observer of April IT as follows: Trade continues quiet, but steady, and a good many lots have recently passed Into consumers hands at recent quotations. Any sttempt to obtain higher prices la strongly resisted by buyers, but hops cannot be pur chased at quite such low prices as wars ac cepted a week ago. Continental and Ameri can hops are tn very limited demand, but quotations remain steady." London dealers circulars say: Wild. Neame A Co. There is no alter- 0 auon to report; is quiet ana niun unchanged. Manger e Henley There is no Changs to report In our market during the past week. A "steady inquiry continues for present re quirements. Vslues remain unchsnged. W. H. n. Le May There is no change to note on this market. The steady trade for consumption kps the prices firm. Ail sincks have been much reduced. TVorrester There has been more general business doing on the market during the week, and several salts have been effected for pressing retirements. Growers are meeting bojere ts some extent, but others ask more than current rates: 20T pockets growers" hops were weighed last week o-H sides 65 pockets yearlings. STRAWBERRIEH 1W) LOS AMIELES. Half Car Received ud Full Car Is Due This Morning, Half a car of Los Angeles strawberries arrived yesterday and cleaned up readily at i2 8 2.2fi ner crate. A full car will arrive from that city today. Most of the Florins that came In were poor, and Jessies sold as low ss Sl.TS. The best Dollars sold st i. Tha car of new ootatoes received from Florida recently has been nractlcally all wnrkArf off. The-r were the best new pota toes brought to this market this season and were far better than the general run oi fornla new potatoes now coming along. Vegetable receipts were light. Cabbage U very scarce, and asparagus and peas well cleaned up. Country Produce Receipts Light. Couotry produce receipts were moderate yesterday, and prices were unchanged. Local buyers were slow In taking hold ot nous, but out-of-town buyers offered good prices. Dressed meals were quoted steady. Eggs, butter and cheese were in good de mand at the old prices. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows clearlnss. Balances, Portland .Seattle . Tacoma . SDOfcane Il.Tvt-.l-J 10.;24 1B1KI...22 JOT. -IB SNQ.S18 34.351 nS9,9.u 06.3S3 PORTLAND : ARRETS. Grain. Floar, Feed. Ftc WHEAT Track prices: Club. 8SfS!e: bluestom. ftVc'djU; red Russian, 86c; Val- ''wHEAT Track prices: Club, 878Sc; Mueetem. BOc≪ red Russian, 83c; Valley, 88c FLOCK Patents, 4-TO per barrel; straights. 14 10: exports. S.So3.9o; val ley, M.T0; graham, 14.60; whole wheat, 14 SO. v OA TP No. 1 while. SI95S9.B0 per ton. CORN Whole. t-Tl cracked, fia per ton. M ILLSTl'FFS Bran. i!:i4 per ton; shorts, per ton; middlings, t30 per ton. BARLEY Feed. 124.50925 per ton; brew ing, nominal; rolled. iu,f.o' 2 1 .50 per ton. HAY Eastern Oregon timothy, choice. 118 617: alfalfa. ia13; clover. Sit; straw, 7&i Fruits and Vegetables. Loral lobbing quotations: TROPICAL FRUITS Oranges. Navels. 15 0094.76; Florida grapefruit, J5.00S5.76; lemons, California. o7 per box; Sicily. IT per box; pineapples, 7o per pound. asparagus. Oregon, 81.25 per doxen; Cali fornia. J-1. 1 a W - per do.; v per pound; cauliflower, 85c4Sl per doxen; celery, $4 per crate; eggplant. 25o pound; head 'lettuce, $2.60 crate: hothouse lettuce, dos.; peas, 6H7c per pound; peppers, 35 40c per pound: radishes, 106120 per dos.; rhubarb. 2t?Hc per pound: spinach. 76o per box; tomatoes. Ii50-i.60 per box; garlic, 3 '3 flc per pound. ONIONS Oregon. TS0o per sack; Ber muda. $2.25 per crate. rUlKlUljt 1' "n""0, .v y . dr-d Florida new. 8tf0c per pound; sweet potatoes, so per pounu. GREEN FKCIT Apples. 50c$l.T5 per box. according to quality: strawberries. Florin, $1.76 (f 3 per crate; Los Angeles, $2i2.i3. SACK VEGETABLES Turnips. 85o per sack: Darsnlps. S5c per sack; carrots, 83c per sack. Balry atid Country Produce. Loral Jobbing quotations: POULTRY liens. 174i17ttc: broilers, 85c; turkeys, live, Oc; dressed, choice, 25c? ducks, 17-JOc: geee. younii, 13'317c. E(3(JS Freah Oregon ranch, 20c per doxen. UHEIi.SE Oregon triplets, leic; Daisies, 17c; Young Americas, 16c BUTTER City creamery butter cubes, 28c per pound; prints, 292 29HO per pound. PORK Fancy. 12c per pound. VEAL Fancy. 14 4 4f 16c per pound. Stapes Groceries. Local jobbing quotations: SALMON Columbia River, one-pound tails. $2.25 per doxen: half-pound flat $1.40; one-pound flala, $2.46; laska pink, cne-pound tails, Sic; sllversldes, one-pound tails, $1.28. HONEY Choice, $3.2593.78 per case, NUTS Walnuts. 18e per pound: BraxO nuta, 12HV16c: filberts, 14 e 13c; almonds, 18c; peanuts, B95Vc; cocoanuta, KOctftl per doxen. chestnuts, llo per pound; hick orynuts, 3C10c; pecans. He; pins, 17 H 020c BEANS Small white. 6.40o; large white, l.ltc; Lima, 6.10c; pink. 4.15c; Mexican, to; ayou, 4.26c 8UOAR Fruit and berry. $508; Honolulu plantation, $8; beet, $4.88; extra C. $ 55: powdered, barrel. $5.10; cubes, barrels, $8.48 COKFtE Roasted, la drums. 21MO40I per pound. , SALT Qranluated. $14 per ton; half, ground 100s. $10 per ton; 60s, $10.78 pet ton; dairy, $12 80 per ton. RICE No. 1 Japan, 3?SHe; cheaper grades. 4fec: Southern head. 698o. DRIED FRUITS Apples. lOo per pound: iiprteota, 12M4c; peaches. 84 llo: prunee, Italians, Hit 10c, silver. ISc: figs, white and black, H07c; currants, 8Hc; raisins, loose Muscatel. 4 07Hc; bleached, Thompson, Uc; unbleached. Sultanas. 8So; seeded, Ti8Hc; dates, Persian, J ? per pound; fard. $1.65 per box FlOa Twelve 10-ounce. 85c: BO -ounes. $1.86; 70 4-ounce. $2.60; 80 10-ounee, $2.26; looee. 80-pound boxes. Stteic; Smyrna, boxes. $L10tL28: candled. $8 per bax. fro visions. Local Jobbing quotations: BAMS 10 to 12 pounds, 19 0 200; 12 te 14 pounds, lt20c; picnics. 18c; cottage roll, 14 He. BACON Fancy. 28 0 29c: standard. 389 24c; English. 19", 20c. LARD In tierces, choice. 14t: com. pound, BHc DRT SALT MEATS Regulsr short clears, !8 eiBo; short clesr backs, 12 to 16 lbs. 14v16too; abort clear backs, 18 to 25 lbs, 14eifia; exports. ISOISc BARRELED BEEF Extra mess beef. $18; mess beet $11; Plat beef, $21; rolled boneless beef. $30. BARRELED PORK Best pig pork, 2T; plckcled pork. $25. Hops, Wool and Hldesi. HOPS 1912 crop, 10314c per pound; 19ia contracts, lSfflSHc per pound. PELTS Dry, 12trl2fec; lambs. 25983c; full wool, $1.25 01.1:5. WOOL Eastern Oregon, 14917c; valley, 14 (1 18c per pound. HIDES Salted hides. lSSUHe per lb.; salted calf. 16917Va; sailed kip. 12914e; green hides, lie: dry hides, 21 a 22c; dry calf No. 1. 28c; No. 2. 20c; salted bulls, 8a MOHAIR 1I"13 clip. cNitfS4o per pound. GRAIN BAGS Buyers Ju.y. 10 6 10 e f. o. b. Portland. Linseed OU and Turpentine. LINSEED OIL Rsw. barrels, 69c; boiled, barrels, 60c; raw. cases. 83c; boiled, cases. Hie. OIL MEAL F. o. b. Portland works: Car lots. $33; 5 and 10-ton lota, $34; ton iota 33, . turpentine Barrels, otto: cw, -u. GASOLINE Naptha, In Iron barrels, tea; In cases, 24c; motor gasoline, in Iron bar rela. 11c; cases, 24c; engine distillate, ta iron barrels. 8Hc; In esses. 15H0. COAL OIL Cases, 17VQi bulk,. 11a HAN FKAXC13CO PRODUCE MARKET Prices Quoted at the Bay City for Vegeta bles. Fruits. Etc SAN FRANOSi.-O. May 1. The following produce prices we're current here today: Fruli Apples. 7P.c1.50; Mexican limes. ."i"3.50;' California lemons, choice. 85.50; common, t-: navel oranges. I1.23U2; pine apples, $2.25 4. Cheess Now. 12HS13Ho; Young Ameri cas. 14c. Kibs Store. ISc: fancy ranch, 10c. II iv Wheat. 12.19115: wheat and oats, $21.50i22: alfalfa. 815 018; barley, $18lo. Putter Fancy creamery. 2rtc; seconds, 25o. Pot:oo Oregon Burbanks. 6rtt76c; Riv er white. 6oeSSc; new. lSlfcc; aweeta, 8J3 3.25. Vegetables Cucumbers. $2f2.28; green peas. $1.50(92; string bans, Dtfia-c: egg plant, 23j30c: onions. $1. lleceluts Flour. 8720 Quarters; barley MIL centals; potatoes, S090 sacks; hay. 326 tons. New York Cotton Market. NEW YORK. May 1. Cotton Spot closed quiet. Mtudhns; uplands, 11.95; middling gu!f. 12,20. c-ales. 8S.700 bales. Futures closed stendv, 3 to 24 points higher. May 11.87. June 11.69, July 11. AS, Auirust 11.41. September 11.10. October 11.04, December 11.06, January 11.03, March 11. IL NEW ORLEANS. May 1. Soot cotton stra'Jv. unchanged. Medium. 12 8-ltlc; sales. S5t bales. Chicago Dairy Produce). CHICAGO. May 1. Butter Firm. Cream eries. 24 1 30c Eggs, steady. Receipts. 24. KV) i l,f f : fre.h. Ihc; at mark, case included. lig lac, mumair iimia, j nc. Wool at St. Louis. ST. LOUIS. May 1. Wool Strong Northern and Western mediums, 16H919c; One burry, ingiac; slight burry, lie. Hope at New York. NEW TORK, Msy 1 Hops S ready. E Outburst of Strength Carries Prices Up Rapidly. ENTIRE LIST MAKES GAINS Market Is Broad and Vigorous on Upturn Improvement " Due to More Hopeful Political Out look in Europe. NEW YORK. May 1. An outburst of atrensth. such as had not been witnessed for several weeks, radically altered the appear ance of the stock market today, after a long period of hesitation and declining prices. 8uch market leaders, as Beading, Union Pacldo. Sloel and Amalgamated rose 2 to 8 solnts. Canadian Paolflo scored a six-point advance. The market was broad and vigorous on the upturn, and while the demand was keeu et for the speculative favorites, all classes of stocks benefited by the xnovemnt. The reason commonlv ascribed for the change was the deoidedly hopeful tone of caMe advices following the conference of Ambassadors in London. Montenegro's reply to the powers was believed to have done much to clear the atmosphere. The princi pal European markets being closed on ac count of a holiday, traders were deprived of the usual fcarometer of conditions abroad, but the viiror with which the list responded to the London cablee showed that there was no hesitation here In placing a bullish inter pretation unon them, selling has gone on sr lona- that the short account apparently was Inflated to an abnormal degree. When the turn In the market came, bear traders were compelled to cover hastily. Over 30 new low records for the year were made during the forenoon. In the list were New Haven, which dropped to 102 ; Baltimore & Ohio, New York Central and Illinois Central. While this movement was in progress, the market was unsettled, some stocks movlnr back and forth with violence. j:onds were irregular. total a&ies, par value. $2,230,000. United States bonds were unchanged on call. CLpsiNO STOCK QUOTATIONS. Reported by J. C Wilson Co.. Lewis building-. Portland. Closing Low. Bid. Amal Copper . . Am Beet Bugar. Am Can Co . .. do preferred. . Am Car St Fdy. Am Smel A Ret do preferred.. American Sugar do preferred.. Am Tci & Tel.. Am Tobacco . .. Anaconda Atl Coast Line.. A T & Santa Fe do preferred.. Halt & Ohio ... Brook R Tran.. Canadian Fao . . C A O C O W C it X w C, M & St Paul. Central Leather Central of X J.. Chlno Col Fuel A Iron. Col Southern . .. Consol Gas .... D L & W D & R G Distilling Secur. Brie Gen Electric ... 87 121 99 U 98 88 20 3 14 180 106 23 .820 89 82 28 129 800 1U IS 27 138 82 120 118 14 CO 102 23 168 180 22 181 22 84 49 116 118 101 29 108 114 22 82 00 114 100 180 22 IS 97 24 107 149 84 24 60 107 60 a 66 61 an 32. 800 1201,, 127 2,800 500 1.100 2.100 ;..'oo 4.H00 4.1O0 100 S'i0 8. TOO 1.300 "ioo T.100 2O0 . 100 406 300 1.000 2,200 700 28 118 82 120 113 14 61 103 23 186 131 i.is" 23 sr. 4ft 118 ioi" 20 104 114 22 2T 188 81 128 112 14 48 102 22 163 128 188' ' 22 82 49 113 IOO 28 104 118 20 Ut North Ore .. Gt North pr ... Illinois Central. Interboro Met .. do preferred. . Inter Harvester K C Southern.. Lehigh Valley.. Louis St isasn.. Mexican Central M. S P & a S M Mo. Kan A Tex. Mo Pacific National Lead... Nat Biscuit ... do preferred.. N Y Central ... N Y, Ont A Wes Norfolk A West Northern Pac. . Pacino Malt ... Paclflo TAT.. do preferred. . Pennsylvania .. 8,600 114 108 101 22 19 08 S4 IOT 149 2S" 61 IOT 60 114 109 167 22 17 w 23 107 148 '23 68 107 48 "84 61 People's Gas 700 ..112,900 L 1.000 .. 12,100 . . 6.800 .. 1.200 1Q0 Reading .... ReDubllc S A Rock Island ... Southern Pao .. Southern Ry Texas Oil Union Pacific .. 4,100 do preferred. . United Rds S F 700 84,000 7O0 8.800 U S Steel cor.. do preferred.. Utah Copper ... Wabash Western Union .. Y.itoo 400 88 AS Westlna Eleo Wisconsin Cent. 100 51 81 01 Total sales (or the dav. 636.100 shares. BONDS. C 8 rtt Si reg. .100 'N T C gen 8H. 8 it 9 nl 2a cou. .100 . Nor Faclnc Ss 68 P4 98 90 IT S 3s reg 102iNor' Pacino 4s... U S 3s cou 102 .Union Paclflo 4s. U S new 4s reg.lia Wis Central 4s.. lj ? new mm cou.iijwi . t Money, Exchange, Etc. NEW YORK. May 1. Money on call, steadv. 233 per cent; ruling rate. 8; clos ing bid. 2: offered at 2. Time loans, steady: 60 days, 4 per cent: 90 days. 4fc4 per cent; six months, 40 4 per cent. Close: prime mercantile paper, 685 per (sterling exchange steady, with actual busi ness In bankers' bills at S4.833S (or 60-day bills and at 84.SC&0 (or demand. Commercial bl.ls, $4.83. Bar silver. 60c. Mexican dollars, 48c Government bonds, steady; railroad bonds. Irregular. IOXDOX. May 1. Consols Holiday. Silver 27 11-16. Bank rate I per cent. SAN FRANCISCO, May l-SIIver bars 60c. Mexican dollars Nominal. Drafts Sight, 1c; do. telegraph, 4c. Sterling In London 60 days, 84.83: do., sight. 84.86. NATION AL BANKS" RESERVES AHPLE. Reports to Controller Show Jlod-.totlons to landing Items. Except In West. WASHINGTON, May 1. Reports o( the condition of National banks. In response to the call of the Controller of the Currency on April 4, show a large Increase In loans, but Urge losses in cash and deposits, as compared with the previous call on Feb ruary 4. The loans increased 183.067,218; the cash decreased $46,138,498; deposits de creased 116,648.260, but showed a gain since April 18, 1912, of 8286,735,986. The total reserve of the banks on April 4 was $1.476, "97. 6T4 836.226,298 above the amount re quired by law. while the country nanKs snowea an excess of reserve, the reserve city banks reported reserve deficiencies aggregating $15,691,783. Reports showed the tollowlng condition ot loans, cosh and deposits on April 4, ss compared with February 4, in the several genfN-aphlcal divisions o( the country: New England Boston decrease in loans $4.i3k(T8. cash $1,774,609 and deposits fl. 827.033. All the banks in this section, decrease on loans $2,647.76$. cash $2,730,104, deposits 89.246.063. Kast New York Cltv decrease In loans 43 C5.49. cash 824-.98.6ti8. deposits $30,- 674.217. Owing to the heavy decreases in New York uity. ail tne nanus in cms section reoort decreases in loans $17,026,217, In cash 830.096.UoK and tn deposits $1.1.321,328. outh Gums in cash $812,884, with de creases In loans 8134.890 and deposits t&. 567.49. v irt rtls west Chlcngo. rains In loans $13.. 091.792. but decreased In cash $14,060,923 and In deposits sio.6V.4i: ftt. iouia, gams in loans $1,689.19. In deposits $734,082. but decrease In cash $2,541,600. AH the banks In this section, gains In loans 853.9S2.479, in doooji-j s7.0iS.2u3. with decrease in cash $14,467,165. - VV rl A 1 1 me nanus in tais section gains in loans $4.561. 3S3. cash $2s494,90O and de posits 8S.D01.2Mi. Pacific Gains In loans 8I4.000.18T. depos its $4,748,120. with decrease In cash $1,- 62S.239, Condition of the Treasury. triTOlNOTOS. Msr 1. The condition of the United Slates Treasury st the beginning f Kitslness today was: Worklnr rnlance J78,0T6,T4S In banKS ann rninppine treasury, m.vxv.kmi Total of seneral fund 141.333.043 Iterelp's yesterday 2031.811 Dinurenv?uts 1.823,630 The surplus this fiscal year Is $S 966.482 aa against a deficit of $12, "80.435 last year. The flcure for receipts, disbursements, surolu? and deficit exclude Panama Canal and public debt transactions. Coffee and Sugar. NEW TORK. May 1. Coffee futures STOCKS V BOOM Sales. High. 48.500 78 70 73 600 2 29 28 18.700 82 29 82 CUO 02 Vs 01 92 200 40 48 e 6.CO0 67 65 88 tt COO 101 Vs 101 10H, SOO llOf 110H in 113 1.60 128 127 T 126H 2l0 228 Vi 224 1.B00 87 30 POO 121 119 8,700 uH 08 i "l'.ioo "pals' "oi 4, 100 80S, 87 IS, 800 241 23 t 4.60O 65 83 600 14 i 14 400 181 124 6,300 1U7 103 1.100 23 22 87 The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking; business transacted. Interest paid on time deposits. Letters of Credit and Travelers' Checks Issued. PORTLAND EEANCH, Corner 'Second and Stark Sts. F. C. MALPAS, Manager. . J.CWILsSON&CO. STOCKS. BONDS. GRAIN AND 43OTT03 MEMBER NEVY YORK STOCK EXCHANGB, MEW YORK COTTON KXCHANbK, CHICAGO BOARD OF IttUJS, TBW STOCK AXD BOND KXCliAXQB. BJ xTBABCWCO. P0ETLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120. A 418? openeu sxeaujr bi uuuupi - advance of three points in response to n moderste demand from shorts and reports or a steaay spot buubuou. ov..oi i,. datlon checked the advance and caused re actions In the later trading, with the close steady. Sales. 24.500; May, 10.91c: June 10.90c; Julv, 11.01c; August, H.lOcT Septem. ber. October. November end December, 11.20c: January. 11,21c: February and March, Ayru, ,.-v. 6pot coffee, quiet. Rio Ts, Ho; Santos 4S, JdftC; nillU Guum, ijuici., wwtuw.v, ... r, S17c. nominal. . Raw sugar, steady. Muscovado, 2.869 2l8c: centrifugal, 3.36t38.39o; molasses, 2.616'2.64u; rertned. steady. GABLES COK LOWER ECROPKAX CROP XEWS XOW MORE FAVORABLE. Slarket Is Down Three Quarters at End of Session Several Largo Mills Close Down. PHirAfiO. Ma.v 1. Reports that several large flour mills in the Northwest wero soon to close, becauso of poor trade, toaay weak ened wheat. Closing prices were o to e net lower. Com had a net decline of c to O0. oats finished unchanged to wc on. put provisions ninua " . up turn of 2c to lic. , The whoat market closed nt near the low point of the day. Lower cables, based on favorable European crop news, formed an additional bearish factor, as did the reitera tion of enthusiastic orop news from the do mestic field. . . Primary receipts of wheat today were 555.O0O bushels: last year. 404,000 bushels. Seaboard clearance of whoat and flour equalled 148.000 bushels. Poor demand for American corn at Liver pool helped weaken this market. ' There were fitful rallies on buying spurts, but the gen eral tone was heavy. Oats, after a firm start, weakened with other r rains. Small hog receipts and a consequent up. turn in prices at tho yards helped provisions. Improved cash trade also aided values. Futures ranged as follows: WHEAT. Open. High. lov. Close. Mav - .91 .95 .91 .91 July .91 .92 .91 .91 Bept. , .91 .92 .91 .91 CORN. May SS .35 .55 .65 July - .55 .56 .83 .56 Bopt. 66 .67 .66 .66 OATS. May 35 .85 .85 .85 July S4-. .36 .34 .34 jept. 34 .S3 .J4 1 .0 PORK. Mav 19.70 39.75 19.62 19.62 July .196.1 19.70 19.62 19.65 Sept. 19.60 19.50 19.42 19.42 LARD, Mav 11.00 11.02 10.9T 10.97 July 10.87 10.87 10.85 10.85 Sept. 10.85 10.90 10.8S 10.87 RIBS. May 11.40 11.50 11.40 11.60 July 11.02 11.07 11.02 11.05 Sept. 10,87 10.87 10.87 10.87 Cash prices were: . Corn No. 2. 86 58c: No. white. i9 r,Oc; No. 3 yellow, 5Us5Te; No. 3, 55 s 57c: No. 3 white. 6Sfc5Sc; No. 8 yellow. 566SAe: No. 4. B454c: No. 4 white, 564t56ic; No. 4 yellow, 6565c. Rye No. 2. 680. Barley. 4670c. Timothy. $2.958.65. Clover seed. 81722. European Grain Markets. LONDON. May 1 Cargoes on passage Quiet, limited demand. English country markets, quiet; French country markets, quiet. LIVERPOOL. May 1. Wheat Spot steadv. Futures easy. May, Ts d; July, 7a 6d; October, 7s 4d. Pujrrt Sound Wheat Markets. PEATTLE. Wash., May L Whest Blue stem, use: fortyfold. 8bc; club, 87c; lite. 87c; red Russlsn, Sje. Testerday's car receipts Wheat, 23: corn. 5: oats. 13; barley, 7: hay.) 16; flour, TACOMA,' Wash.. May 1. Wheat Blue stem. 98S9c; fortyfold. 90c; club, 880; red flfe. Srtc. yesterday's car receipts Wheat, IT; bar ley. ; oats, 1: hay. 3. drains In tsan Francisco. SAN FRANCISCO. May 1. Spot quota tions Walla Walla. $1.0'91.62 : red Rus slsn. $1.671.60; Turkey red, $1.75 1.77: blnesiem, $1.T.11.82H : feed barley. $1.46: brewing barley. $L47 (3 1.50; white oats. 81.60P 1.62 : bran. $26'26.50; mid dlings. $:( 31: shorts. $2St28.50. Callboard sales: Barley, steady; December, $1.45 bid: $1.46 asked; May. 81.44 bid. Minneapolis iraln Market. Ml NNKAPOLHs. May 1. Close: Wheat, May. 88c: July. 90c: September. 91 mc. cash. No. 1 hard. 91 c: No. 1 North ern, OG'WOic; No. 2 Northern, 88t88c; No. 2 hard Montana, 91c; No. 8 wheat, SO 8c. Klax $1.82. Ba rtey I'.'ft.iSr. YARD VALUES ARE STEADY KO TIUDE PUT THROUGH AT XORTH PORTsjAXD. ReeelpM for Day Are Only Two Ixads of Cattlo and Sheep. Prices Are Nominal. The day passed at the stockyards with practically no business. Only two loads ar rived ana puyers iw j " m su- eral way the market has undergone no Receipts were 32 cattle, Z calves snd 149 sheep. Shippers were L. B. Manning. Leba non. X car 01 . . , , . Wise. Yoncalla. 1 car of sheep, and F. P. riersney. wno " " The range ot prices at tne yards was a follows: Choice steers ..7.TB$8.25 Oood steers T WO T.76 i..m .lur, .............. 7.00 a 7. (Ml Choloe cows ???? ?'? Oood cows InnS riJ ullum cows 8.00 8.58 Choice calves J-fO J.oJ Good heavy calves 8.50 0 J.69 Bulls . .J Lirtt'T. 5-15? ??? Heavy J-"W e. Yearling wsthsrs aes T.25 ir.-s o-.-ow o-o Zmb LOOtt 8.00 Omaha LI vector k Market. SOUTH OMAHA. May- 1. Cattle Re. -pHE OWL DRUG COMPANY offers for I pufclic subscription 5000 shares of its 8 (eight) per cent Preferref!, cumalativc, non-assessaDle stock at lie par value o $100.00 per snare. The 856 interest on the Preferred shares is passable January 1st and July 1st of each year. This stock is a first charge on all assets and earnings of the corpor ation. The Company has no Bonded indebtedness of any kind. We particularly invite the attention of conserva tive investors who appreciate a safe investment, yield ing attractive returns, and in -which no speculative element Is present. For further information call at or "prrite our Home Office, 611 Mission Street, San Francisco, Cal. The Owl Drug Co. R. E. MILLER. President Established 1S92 The Northwestern National Bank Did you ever stop to think what a factor your bank is in your business life ? Consider it and then think if the Northwestern National cannot be of such service to you that you .will make it your bank. Third and Oak DIRECTORS Geo. W Bates Geo. C Bingham P. S. Brumby E. G. Crawford John A. Keating Dr. K. A. J. Mackenzie lumbermens National. Bank Corner Fifth and Stark. Resources 7 Millions. I The Essential Thing for You wi11MIMI1,l.,Q In the management of a bank is the re sponsibility of its officers and their personal care of your interests. We realize the importance of this and constantly keep in touch with every detail. As a result this bank is enjoying steadily increas ing patronage. United States National Bank SURPLUS AND CAPITAL ?2,000,000. Third and Oak Streets. L ADD & TILTON BANK Established 1859. Capital Stock Surplus and Undivided Profits Commercial and. Savings Accounts Letters of credit, drafts and travelers cheeks issued, availablt ia all parts of the world. OFFICERS. tV. M. Ladd. Praslflont. Robert S. Howard. Asst. Caahlas Kdward Cooklnrham. Vlo-Jrsj J. W. Ladd. Asst. Cashier. W. H. Duiickley. Cashier. Walter M. Cook. Asst. Cashier. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of ths Rocky Mountain COSHEB FIRST AND WASHINGTON STS. ,.in. iinn market, active. TCatlva steers. $".50WS.80; cows and heifers, fSjT.7ft: Western steers. IO.7niS8.10: Texas steers, $607.60; cows and heifers, 5.504f 7.40; calves. $.TB9.73. t, t Hon Receipts, S800: market. higher. Heavy, S8.20 8.80: light, $8.80a0; pigs. $7(3 8; bulk of sales. lg.250S.3S. ' Eiieer' Keceipis, mines VearllnKS. 7.25eT.T5: wethers, SSftT; lambs, 8.85S8.73: Naval Stores. mriNKAR. c;s. May 1. Turpentine firm. tsiBc Sales. 772 bbls; receipts. 9M; shipments. 17: stocks, 18,430. shloments. 7SO: stocks. 40.416; quote A B S4.0U; ii. , t n, f-. iv, A. -.-- . i: M. 15.50; Ji, $8; W O, .I3; W W, K. S. $4.30 London Wool Sates. t r:rrv iuav 1. There were 13.672 bales brousht forward at the wool auction sales tonar- The large offerings were In steady demand at unchanged prices. Coarse oross- Robert Treat Piatt Andrew Porter Chas. S. Bussell G. EL Wentworth Lloyd J. "Wentworth J. E. Wheeler ...11,000,000.00 1,000,000.09 breds were In sellers' favor, but heavj irrades of Cape of Oood Hope and Natal were largely withdrawn. Metal Markets. KETW TORK. May 1. Copper firm. Stand ard spot to July. 14.75 to 15.26; electrolytic. 15.75; lake. 15.87; casting, 15.50, Tin ouiet. Spot. 4d.7SS50.12: May, 40.809 50.25: June,' 48 87 48.93; July. 48.2548.5i lad firm. 4.50. epelter easy, 6.505.S5. Antimony, steady. Cocksons, S.00. . Iron steady and unchanged. Copper exports this month, S4,424 tona London copper. Arm. Spots and futures, ft7 7s 8d. Ixindon tin, firm. Epot. f232; futures. 320. London lead. 417 12s 64. Lon don spelter. 25 10s. Iron, Cleveland war. rants. 7s in London. Duluth Unseed Market. DTTLUTH. May 1. Close: Linseed $1.82H el.SIV: May. Jl.SSU; July. 1.324-bid; Beptember, JL3T asked: October. $l-5!a asked. HAMBURG- AMERICAN Largest SS Over 400 Ships In the WORLD 306,819 TONS "IMPERATOR" WORLD'S LARGEST SHIP will make her first trip from HAMBURO May , arriving here May 81. Sailing from here June 7, 11 A. M., enabling pas sengers to arrive in London and Paris on sixth and In Hamburg on seventh day. .Hooks now ' open for season. LONDON, PARIi HAMBURG )!WESTERWAl,ll Mav 10,4P.M. tjl'atricla May 14, 1 P.M. AMKK1KA Muy 22. 10 A.M. KfRKTOKIA May 28, 1 P.M. KAIS. Al i. VIC. May SB, 1 P.M. PKKS. GRANT, June 5, 0 A. M. IMPEK.VTOK..June 7, 11 A.M. 1V1C. 1,1'I.HK. ..June 10, 10 A.M. Pres. Lincoln. .June 14, 3 P.M. tHamburg direct. JNew. flFirst cabin only. J'Jd cabin only. Will call at Boulogne. MEDITERRANEAN Gibraltar, Naples and Genoa B. 9. jiuiiiourg u,u"u tons J Mnv -HI OA M Vl 8. S. Moltke (12.5tK tons) Juno 3, 8:30 A. M. S. 8. nsmburg. . .July 1, S P. M. 8. tS. Moltke. . July 15, 3 P. M. Cruises to the Land of the Midnight Sun Scotland, Orkney and Faroe Is. lands. Iceland. tipltzberffen. North Cape, Norway. From Hamburg during June, July and August. 8. 8. Victoria Lulse, 8. 8, Bismarck and 8. b. Meteor. 13 to 24 Days-$56.25 Up Write for Information. HAMBURG-AMERICAN LINE 180 Powell St., Ban Francisco., , Cal.: o.-w. . & im. w.. ior. , pacific d. k. u. k. it.. Burlington Koute. ..lu waukee A Puget Sound A. R Great Northern Rallwav Co.. Dorsey rL B. smith. bi Bth Sik St., Portland. SYDNEY SHOIT UNI Sen Francisco te AiutraJu. It davsvia Honolulu aud Samoa, the attractive snd pleasant routs, winter or summer. Splendid 10,000 ton steamers (daseed by British Lloyds 100 Al). Jl 10 Honolulu flrrt-dm round (rip Sydnsy JJOO J 325 GRAND TOUR 80UTH SEAS $325 Honolulu. Samoa, Australis. Nn Zeslsnd, Tahiti, etc 1800 lit Clut Round the World; 2nd Claw $380 Viiitine 6 continentssnd world's ureat cities (stop-OTem) Honolulu Sailiins May 8, 20. June 8. etc Sydns every 28 days, Mav 8, June 8, etc. Send for folder. OomiUc . . Ca. 17$ Msrkit U $v Fruidwt or o- 33 A svau JsUsyjs. tiXl'HKSH 8TAMK9 FOR baa francisco and Los Atuselee HliUOl'X CUAGi S. 8. BEAVER sails 9 A. M.. May X. S. 8. BEAK sails 0 A. 31., May 7. THE RAN FRANCISCO & TOItTLAND 8. 3. CO, Ilcket Office 8d and Wuuingto twlta O-W. K. A -N. Co.) rttene Marsliall 4&U0. A 8131. COOS BAY LINE STEAMSHIP "BKEAKWAXER" sails from Alnsworth Dock, Portland, at S A. M., April 17. 23. 30, May 8. 10. 15. 2U. 25 80, thereafter every five days. 8 A. M. Freight received dally until 0 P. M. except day previous to sailing, previous day 4 r. M. fassengcr fares: First-class. 10; second-class, $7, Including berth an(J. meals Ticket office at Alnsworth Dock. PORTLAND COOS BAY S. 8. MM!, I H. KEATING. Agent, rhone Mala S6o. A ZSii. IX) S ANOEIXS AND RAN DIEGO STEAMSHIPS 1'AI.E AND HARVARD) Railroad or any steamer to Ban Franelaoo. the Eipo City, largest, fastest and lb ONLY strictly first-elaes passenger ships ea the Coast. Average speed 2S miles pes hour: cost $2,000,000 each. BAN FBANC1SCO, PORTLAND X A. 8. 8. CO., Main Jo. Frank Bollam, Agent. A 4St It Third street. San Francisco, Los Angeles , and San Diego Direct S. S. Roanoke and S. S. Elder. all Every Wednesday Alternately a " p. M. N0ETH PACIFIC S. S. CO. jit JkJThird BX.Phoaes Mala 11.VA..4ji Steamship Camino Sails dlreet for San Francisco Sunday, 4 P. M. . SAM FRATISCO, PORTXAXD LOS A13LES S. S. lO. 134 'IBJro Bircci. Mala 3 A 45P8 NEW YORK-PORTLAND AMERICAN-HAWAIIAN S. S. CO. SIS Railway Exchange Bide Portland. Or. Mala t- A street free from chuck holes and' bump s smooth, noiseless and beautiful chances are it's a Bitulithic street E7-(SSV C0.Aa 5f "" 1 MX