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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
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
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
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
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
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
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
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
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
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 of the Northwestern cities
yesterday were as follows
1B1KI...22 JOT. -IB
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,
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
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,
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
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,
SACK VEGETABLES Turnips. 85o per
sack: Darsnlps. S5c per sack; carrots, 83c
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.
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
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
BEANS Small white. 6.40o; large white,
l.ltc; Lima, 6.10c; pink. 4.15c; Mexican, to;
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.
Local Jobbing quotations:
BAMS 10 to 12 pounds, 19 0 200; 12 te
14 pounds, lt20c; picnics. 18c; cottage roll,
BACON Fancy. 28 0 29c: standard. 389
24c; English. 19", 20c.
LARD In tierces, choice. 14t: com.
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.
OIL MEAL F. o. b. Portland works: Car
lots. $33; 5 and 10-ton lota, $34; ton iota
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
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,
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
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.
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.
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
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
Amal Copper . .
Am Beet Bugar.
Am Can Co . ..
do preferred. .
Am Car St Fdy.
Am Smel A Ret
Am Tci & Tel..
Am Tobacco . ..
Atl Coast Line..
A T & Santa Fe
Halt & Ohio ...
Brook R Tran..
Canadian Fao . .
C A O
C O W
C it X w
C, M & St Paul.
Central of X J..
Col Fuel A Iron.
Col Southern . ..
Consol Gas ....
D L & W
D & R G
Gen Electric ...
800 1201,, 127
Ut North Ore ..
Gt North pr ...
Interboro Met ..
do preferred. .
K C Southern..
Louis St isasn..
M. S P & a S M
Mo. Kan A Tex.
Nat Biscuit ...
N Y Central ...
N Y, Ont A Wes
Norfolk A West
Northern Pac. .
Pacino Malt ...
do preferred. .
. . 6.800
ReDubllc S A
Rock Island ...
Southern Pao ..
Union Pacific ..
do preferred. .
United Rds S F
U S Steel cor..
Utah Copper ...
Western Union ..
Total sales (or the dav. 636.100 shares.
C 8 rtt Si reg. .100 'N T C gen 8H. 8
it 9 nl 2a cou. .100 . Nor Faclnc Ss
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.
IOXDOX. May 1. Consols Holiday.
Silver 27 11-16.
Bank rate I per cent.
SAN FRANCISCO, May l-SIIver bars
Mexican dollars Nominal.
Drafts Sight, 1c; do. telegraph, 4c.
Sterling In London 60 days, 84.83: do.,
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,
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
VV rl A 1 1 me nanus in tais section gains
in loans $4.561. 3S3. cash $2s494,90O and de
Pacific Gains In loans 8I4.000.18T. depos
its $4,748,120. with decrease In cash $1,-
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
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
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
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
A general banking; business
Interest paid on time deposits.
Letters of Credit and Travelers'
Corner 'Second and Stark Sts.
F. C. MALPAS, Manager. .
STOCKS. BONDS. GRAIN AND 43OTT03
NEVY YORK STOCK EXCHANGB,
MEW YORK COTTON KXCHANbK,
CHICAGO BOARD OF IttUJS,
TBW STOCK AXD BOND KXCliAXQB.
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,
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
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:
Open. High. lov. Close.
Mav - .91 .95 .91 .91
July .91 .92 .91 .91
Bept. , .91 .92 .91 .91
May SS .35 .55 .65
July - .55 .56 .83 .56
Bopt. 66 .67 .66 .66
May 35 .85 .85 .85
July S4-. .36 .34 .34
jept. 34 .S3 .J4 1 .0
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
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
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.
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
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
Ba rtey I'.'ft.iSr.
YARD VALUES ARE STEADY
KO TIUDE PUT THROUGH AT
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
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
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
Did you ever stop to think what a factor your
bank is in your business life ?
Consider it and then think if the
cannot be of such service to you that you .will
make it your bank.
Third and Oak
Geo. W Bates
Geo. C Bingham
P. S. Brumby
E. G. Crawford
John A. Keating
Dr. K. A. J. Mackenzie
Corner Fifth and Stark.
Resources 7 Millions.
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
United States National Bank
SURPLUS AND CAPITAL ?2,000,000.
Third and Oak Streets.
L ADD & TILTON BANK
Surplus and Undivided Profits
Commercial and. Savings Accounts
Letters of credit, drafts and travelers cheeks issued, availablt
ia all parts of the world.
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
Oldest National Bank West of ths
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;
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,
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
Chas. S. Bussell
G. EL Wentworth
Lloyd J. "Wentworth
J. E. Wheeler
breds were In sellers' favor, but heavj
irrades of Cape of Oood Hope and Natal were
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
Over 400 Ships
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.
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
8. 8. Victoria Lulse, 8. 8,
Bismarck and 8. b. Meteor.
13 to 24 Days-$56.25 Up
Write for Information.
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.
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
A svau JsUsyjs.
tiXl'HKSH 8TAMK9 FOR
baa francisco and Los Atuselee
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
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.
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
Sails dlreet for
Sunday, 4 P. M. .
SAM FRATISCO, PORTXAXD LOS
A13LES S. S. lO.
134 'IBJro Bircci.
AMERICAN-HAWAIIAN S. S. CO.
SIS Railway Exchange Bide
A street free
from chuck holes
and' bump s
chances are it's
a Bitulithic street
5f "" 1