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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
DEADLOCK 111 WOOL
Nc- Sales East of Mountains
!' for Over Week.
GROWERS AND BUYERS VARY
aller Seeking to Purchase on Free
Wool Basis Xewlj-Shorn Clip
'jvamulnUng at All Points.
Mohair Season Knds.
.vt a single lot of wool ha been sold !n
Fsstern Oregon or Eastern Washington tor
over week, according to reports received
bv local wool men. Newly shorn wools re
accumulating t all points, fully 1.000,000
pound betr.g already on hand In the prin
cipal Eastern Oregon urtlou wlttng buy
er. Cp to thl time the sheepmen and the
huyera hare not been able to agree on
term bnt It la believed the deadlock will
be brokan befor Ion. At the present
ttma a oant or two separates tha Ideas of
bjjwn and sell ere. On a scoured basis they
are about cents apart. The growers
think their wools are worth 80 cents
scoured, while the tourers will not bid over
a 43-cent basis, which means a frea wool
TT.e dealers are Inclined to think that the
growers will prove to ba ready sellers at the
market when tha regular aales days arrive,
and son. of them look for a Belling move
ment befora that time. Bheep men are not
rolng to hold their wools Indefinitely, and
If they find tha buyers will not coma up
In their prieea tha market may become ac
tive. In the Willamette Valley much tha same
conditions prevail. Growers are asking up
to 20 rents, but buyers will only take hold
on a f . wool basis, and are not ready pur
chaser even at tha low prices. A. few small
lots hare changed hands this week at 14
rrte for coarse and 164 centa for medium
HsMern manufacturers and dealers are
showing no spirit to tske hold, and there
is absolutely no eoeculattve Interest in
wools shown. Reports from Kngland InrtI
ca'e that the manufacturers are closely
Hatching the trend of tariff affairs on this
sl1. The material reduction In duty on
t-ps, yarns and pieces la welcome news to
the trade there. They are not sanguine
that the bill will pass as st present con
stituted, but they foresee low rates and
mo easiness with this country
Ever class of trade In the West Hiding
rvnecta'to benefit sooner or later. While
li Is Jlgured that the demand for goods
rrnm the I nlted States will be more x
trnelv-. a large call for the raw material
Is' anticipated. It Is believed that
Ameriraa manufacturers will be enabled
10 maUe a better class of fabrics at
more profitable rata and they claim that
they cannot see why our mills cannot en
Joy fair prosperity under tha proposed rates.
One factor In favor of the American
mill, when the new eondltlona are com
pared, with those under tha Wilson law. Is
tlie recent . progress In manufacturing.
l.eels and Huduerfleld, as well as Brad
ford. 011- did a large business with the
1'nltvd .Mates. Since the present duties
came Inlo force, however, the Industry
here 'has made great strides. It Is figured
by the English mill men. therefore, that
the factories hers will afford them more
comprtirtcn than formerly.
The 1913 mohair market In Oregon Is now
practically at an and. Almost tke entire
clip he bn bought up and there will be
no rove pool sales. The dealers have filled
toe majority of their Eastern orders, and
they ara reducing their bids on the rem-
taut rj tha clip left. One of the large
v int-nl firms yesterday gave his country
agents a 20-cent limit.
OATS ARE POARING IN CALIFORNIA
Bid ef II. W Made at Ss Fraadsea With
I 'o Sellers.
Oats were the strongest feature of the
1" Si g: ain market yesterday. The stimula
tion cim eJilcfty from California, where In
addition t- j the continued dry weather, hot
winds t reported during tha day. At
an l.nc.sco. tl.65 was bid fur white oata
with ns arliers. Barley was very firm at
tha recent 'ocal quotation.
Wheat operations In tha country were
moderate. Karmers ara holding extreme
views, and buyers find it difficult to oper
ate. The mill feed market was strong at 124
for bran ar.d II for shorts. Feed .prices
hava beea raised SI a ton on tha Sound.
Weekly foreign wheat ablpments were as
ThH Wk. I.at Wt Last Tr.
Argentina ..i.t,i'.".WO 4,44S,0 6.39-J.otM
Australia 7jo.oim 1.3'jo.uo i,air.."ii)
India v. 4t,00 48.tKO '3.l'0u
Lo-J vecelrts. in cars, were reported by
the .w?rchanla Exnhango as follows:
V'heit barley Klour Oats Hay
Moerfs- 4T 13 so lu 11
Wedne'lay .. 1 is J
Thursday 3x I 2
Friday i:i 1-
Se-n 10 uata 1STVS 5M S10
Voir ago 1.1 C!.". 301 IlOi
TEX-CK-VT ADVANCE IN SUGAR.
Mt Markets Fellow Higher Price At
Following 1 70 small advances In tha
Eastern sugar market. Coaat prices on all
ETtfdes of refined were raised 10 cents a
hundred vealerday. Warm weather In the
East la stimulating tha movement Into con
sumption, and the approaching end of tha
Cuttan season. Indicated In the rains on the
Island. Is also a factor making for Improve
ment ta sentiment.
Commenting on the raw sugar situation,
an Kasterq authority writes:
Tha - apparent strength In raws Is cot
eonclual'. o. continuance, becaus of the
fact, cofsta. iy In view, that tha discount
:o van b Increased to tha re
made la the duty without
cost ef puroduction, as is tha
The longer be delay of
ttlement the better for Porto
1 the time must coma when the
i 30 days after arrival will ba
apply la decreased return to
Porto Rlcos and Induce a pres.
to avoid such contingency. Then
Lhe- critical time of low values
sure to s 1-w-iil
for both Porto r.icos and Cuba, after
which norreal and Improving parity values
may be expected, on tha basis ot, the new
duty rate i In actual operation."
quoted weak at 12 cents. Fork sold at 12
centa and veal at 14tt15 cents.
Toultry prices were unchanged. Eggs sold
generally at SO cents, but on large lots a
lUVj-cent quotation was made.
There were no new developments In the
butter or cheese markets.
. Grain. Flour. Feed. Etc
WHEAT-Track prices: Club. S8S9c;
bluestom. 98C&I1; red Busslao. 89c; Val-
WHHAT Track prices: Club. 8To;
bluestem, JJC i . reu wimju, o.'1- - -. 1
FLOtrR Patents. 14. "O per barrel;
stralcMa. 4.10; exports. 3.833.i; val
lev. 44.70; graham. 4 60; whoio wheat,
OA TS No. 1 white, g2Ofi?-50 per ton.
. . . , - - .. : i 'i -7 . s-'H ner ton.
M1LLSTUFFS- Bran, 24 per ton; shorts,
29 per ton; miaunngs, saw per
BARLEY Feed. J-.SOiras per ton; brew
. 1. .. u.i .itj r.11 if r.A t ton.
HAT Eastern Oregon timothy, choice, tie
FT ! ; auaiia. f J u . -
Frulta and Vegetable.
1 rnl lobbing quotntxons:
TROPICAL FKUITS Oranges. Navela.
I8 00 S4.T5; Florida grapefruit, J5.009 6.5;
lemons. California, gutfi per box; blclly.
$7 per box; pineapples, OS To per
VEGETABLES Artichoke. TSc per dosen;
asparagus. Oregon, $1.20 per doxen; Cali
fornia. 1.75iji per box: cnbbase, !3
per pound: cauliflower. 35c 3 1 per doztn:
celery. 4 per crate: eggplant. 23c pound;
bead lettuce. 2 50 crate: hothouse lettuce,
dos.- peas, 6So per pound- peppers, S59
40c per pound: radishes. lOSFlSo per doa;
rhubarb. 2o3o per pound: spinach. 75c per
box; tomatoes. 12.50S4.60 per box; garlic.
Cd9c per pound.
ONIONS Oregon. 75Ct0o per sack; Ber
muda. S3. 25 per crate.
POTATOES Burbanks. 40 50c per hun
dred Florida noe. 5 jc per pound; sweet
potatoes, 40 per pound.
OKEEN FRI.'IT Apples. S0e91.Tr per
nox. accortair.s to quaiiir; .
Kiorln. Jl.75ejS.50 per crate; Loa Angeles,
SACK VEGETABLES Turnips, o.x; v
sack; parsnips. Sic per sack; carrots. 85c
per aack. ,
Dairy antt Country Produce.
Loral jobbing quotation:
POULT P. Y Kens. 17w)7ric; broilers, 85c:
turkeys, live, 20c; dressed. choice. 25c;
dur-ks. ITIT-Oc: xeeee. young. 134217c.
EGGS Fresh Oregon raiicu, ldVaS20e par
CHEGSE Oregon triplets, lVc; Daisies.
17c: Young Americas, ltc
Bt'TTtR ."lty creamery butter cubes,
:Su per pound; prints. S920tac per pound.
PCHK Fancy, ll'c per pound.
VEAL Fancy. !44 913e per pound.
I oral jobbing quotations:
RALilo.v Columbia Klvar, n-pun4
tails, $2.5 per doxen: half-pound -flata.
11 4): one-pound fiat, f 2.4i; Alaska pink,
ene-pound rails, tic; allvsraides, one-pound
HONEY Cholc. 3.2517i par esse.
NUTS Walnuts. 18c par pound; Braxll
nuts, 12tttploc; filberts, 14 15c; almonds,
18c; peanuts, BtfSHo; eocoaauts. Oc0ll
per doxen. chestnuts, llo per pound; hick
erynuts. O10o; paeans. 17c; pine, 17
BEANS Small white. 5.40c; large white.
.10c; Lima. 9.J0C; pink. 4.13c; Mexican, to;
BUOAR Fruit and terrv. 18.15: Honolulu
plantation. 85.10; beet. I4.U5; extra '. 4.nr;
powdered, barrels, S5.40; cubes, barrels, S5.55.
COFFEE Koaated. In drums, 214 0 400
8 ALT Granluated. 814 per ton: half
ground 100a. 810 per ton; 50s, 810.78 per
ton; dairy, 113 50 per ton.
RICE No. 1 Japan. 596ttc; cheaper
grades, tc: boutiern head. 6e.
CRIED FRUITS Apple. 10 par pooad:
itpricata, 12914c; peaches, 8011e; pruaes,
Italians, 8910c, silver. 18c; figs, white and
black. 8C"c; currants. 9sC; raisins, loose
Muscatel. OWQThc; bleached. Thompson.
11 He; unbleached. Sultanas. 8M0; seeded.
H98ttc; date. Persian. lis per pound;
fard. 81.86 per bos
FIGS Twelve 10-ounce. 85c: SO 8-ouBca,
8185; TO 4-ounce. 82.80 ; 80 10-ounce. 8X28;
loose. 80-pound boxes, 6ttr7o; bmyraa
boxoa. tl.l01.25: candled. 88 par bos.
Local Jobbing quotations:
HAMS 10 to li pounds. 109 20o; 13 ta
14 pounds, lOSSOc; picnics, 13c; cottage roll.
BACON Fancy. 28 9 28a; standard. Z39
24c: Engllah, J8ft620e.
LARD In tierces, choice. 14tta; com
DRT EALT MEATS Regular short clears.
18 Si Q15c; short clear backs, 13 ta 18 lbs,
14915Vc; short clear backs, 18 ta 28 lbs,
14rrl5:io: exports, 15910a
BARRELED BEEF Extra mess beef,
818: meas beef. 118; plats beef. 821; rolled
boneless beef, 830.
BARRELED PORK Best pig pork, 27;
nickeled pork. 823.
Hope, Weal and Tilde.
HOP? 1812 crop, 109140 per pound;
1013 contracts, 13frl3Hc per pound.
PELTS Dry. l!j12sc; lambs, 289850;
full wool, 1. 2301. 35.
.WOOL Eastern Oregon. 14917c; valley.
14 9 ISO per pound.
HIDES Salter hides. 12ffl2Vie per lb.;
salted calf. 16917 c; salted kip, 1291401
green hides, 11c; dry hides. 21922c; dry
calf No. 1. 25c: No. 2. 20c; salted bulla 84
MOHAIR 1H13 clip. 30933c per pound.
CHAIN BAGS Buyers Ju.y. Ivvlufca C
o. b. Portland.
Unseed OU and Turpentine.
LINSEED OIL Raw. barrels, 83c; boiled,
barrels, cue: rarr. cases. u3c; boiled, cases,
OIL MEAL F. o. b. Portland works: Car.
lots. 833; 6 and 10-ton loia. 34; too lota,
TURPENTINE Barrels. 59v,c: cases. 82s.
GASOLINE Naptha. in Iron barrel, la:
In cases, 2c; motor gasoline, in Iroa a ar
rets, lie; cases. 24c; engine dlstlliate, is
Iron barrels. 8 He: In case l&VsC
COAL OIL Cases. 17Vic; bulk, lie.
New York Cottoa Market.
NEW YORK. May 2. Cotton futures
closed stuaviy. May 11.41, June 1L40, July
11.51, August 11.29. September 11.01, Oc
tober 10.85, November lO.I'O, December 10.0s,
January 10.IH. starch ll.t'3
Spot closed quiet. Mtu-upianaa 11.9a; mia-
gulf. 12.10. Salea 2305 bales.
NEW ORLEANS. Mar S. Spot eotton
ready. 1 1-14C up; ' middling. i:i,c Sales
SAVANNAH. O.. Mail 2. Turpentine
firm. 8"l to 3Sc. gales. 845 barrels; re
ceipts, litis barrels: shipments, 4b barrels;
stocks. D.lli barrel.
Roatn firm, sales. ?5 pounds; receipts.
1180 pounds; shipments. 448 pounds: stocks.
81,120 pounds, ruote: A. a. Lf. i.aw; r
F. 84. So; G. P. 8-70; L J4.80; K. 5; M.
8S.S0: N. I: WO. 8.!5; WW. 8S.50. .
Hod at New York.
NEW TOP.K. May 2. Hops Quiet.
CROPS DOING FINE
Favorable Outlook Responsible
for Feeling of Optimism.
CONFIDENCE - IS GROWING
ST RA WBERRIES
Los Angele Goes
Carload Received From
. na to the Sound.
. The car of. Los Angeles strawberries that
arrived ys:trviay was not stopped here,
but was allowed to go on to the Bound, as
there was already a fair aupply on the street
and the westiier wa against trade. Florin
berries sold at 81-73 and 82.50 a crate. A
carload from Los Angeles will arrtv this
A car of asparagus was received from Cal
ifornia. ndj quoted at 82 a crate. Peas
bav cleane.f up closely and another car Is
due Monday morning. Supplies of other
kinds of veg-jtables were light.
I Bank Clearings.
Ttar.k clearings of the Northwestern cities
yesterdsy were s follows
Drrsat'd; tanimt .Vre Plentiful.
All kind of -country produce were firm
yeat-riay. e-.-"lt dressed lambs, which were
tae pleni'.fu: l"4 tha local trade. They were
DEFICIT DUET0 ERROR
Clerk of Municipal Court Ilcnles
Shortajrc In Accounts of $474.
A discrepancy of $471 In the accounts
of the officials of the Municipal Court,
as reported In a statement issued by
the New York Bureau of Municipal K-
search. was declared yesterday by the
investifrators of the bureau to be due
probably to an error made In entries.
v. B. Holton, of the bureau, said that
he had found the error in the books
and that the shortage could ba traced
to the period from April 1 to April 11.
"In attempting: to reconcile amounts
of bail receivable shown in the cash
book to amounts for a correspondins
period In the court docket, a, discrep
ancy of $474 was apparent," said Mr.
"This discrepancy conld have arisen
from . ny of the following; causes
1 Lack of complete entries In the cash
book to data.
2 Lack of proper entries In tha court
docket showing cases where, although ball
had been fixed, the opportunity to obtain
releaa upon ball had nut been used by tha
3 Lack of proper entries In the court
docket allowing adjustments of original re
counts ot ball fixed wbere changea in the
bull amounts had been made
Nick Beutgen. clerk of the Municipal
Court, denies that there Is any short
age in the accounts of his department.
The experts, he says, failed to go care
fully Into the records. "Such a state
meat as was issued." he said, "is not
only unwarranted but is manifestly
u 11 true."
ricv-larid I liavirs flifTlrultr in finding
men tail enough to suit on its police
Current Trade Is Mnoh Larger Than
Generally Realized tabor Is
AVell Employed and Wages Are
Maintained Steel Heavy.
NEW TORK. May S. Dun's Review to
morrow wtll eay: While the business sit
uation throuehout the country shows 1
further sUght recession In activity, there
nrtpeara to be a growing commence-
th. future end the volume of current mer
cantile transactlona Is muoh larger than la
aeneratlr realized. It is. however, more
significant that labor continues well em
ployed and that wages are tuny iMinu.i
and. In the case of the railroad firemen,
have been advanced by arbitration.
The exceptionally favorable crop outlook,
which developments during the last week
have In no way diminished, accounts In a
large degree for the prevailing Reeling ot
optimism as to the future.
Recovery from Western flood conditions
haa been rapid, aa Is indicated by the re
turns of gross railroad earning, which
showed gain of 4 per cent In the third
week of April, against a loss of 8.8 per cent
In the flrt week, the- net gain for the three
weeks being 1.2 per cent. On the other
hsnd. bank clearing in April showed a loss
rtf a 7 rter rent, aa compared with the cor
responding month a year ar due to the
dullness In the leading specuisiivtt
and in part to the Interruption to business
caused by ths recent floods.
Owing to renewed anxiety regarding the
Balkan situation, money ratea abroad are
again firmer, while the locel market has
also hardened In anticipation of the Im
portant requirement In prospect.
u.-i n current nroductlon in Iron and
steel la close to the point of capacity, there
Is less new business and premium are no
longer so prominent a factor. '
The lumber trade la acuv ana uio i
Host weather report contlnu to he high
ly favorable and from present Indications
this promises to be a year of phenomenal
Export trade continue large and at the
port of New York amounted to 21.032,60tJ
last week, an excess of ll.8R8,04T over Im
ports and comparing with 115,443.024 of ex
port last night.
Commercial failures this week In the
United Ststes ara 293 against 815 the 00 r-
resnondlng week last year. failures in
Canada number 34.
WITKTl WHEAT CONDITION 00015.
Distributive Trade at Retail Baa Expanded
NEW YORK. May 2. Bradstreef tomor
row will ssy:
Trade reports continue to represent mixed
aspects, but when all the primary factors
are sifted, the week's developments Indicate
that things have moved forward rather tha
backward. Thus, Winter wheat presents an
extraordinarily good condition for this sea
son of the year; other crops are being seeded
under auspice that are distinctly more fav
orable than those of last Spring, and In the
South, cotton planting has progressed in a
reluattvely etlsfctory way, with Indica
tions favoring an Increased acreage.
Distributive trade at retail has been stim
ulated by bright. Springlike weather and
reorders, except In the East, are of satis
factory volume, while throughout the North
west nd parts of the Southwest, buying for
Tall account la such as to suggest that lit
tle or no unsettlement exists In those sec
tions. Moreover, the South seems more
cheerful and In the Mississippi Valley
country, fear of overflows has virtually
Outdoor operations are proceeding apace,
the industries and farm operatlone afford
active employment and wnne stocks are
rather numerous. May 1 passed without any
great degre of disturbance. It Is, however,
conceded tht new business In and specifica
tions for Iron and steel are lighter, that
premiums on finished goods are being elimi
nated, and that woolen and worsted mills
are working at a reduced rata.
Collections vary and In genersl they are
hardly about fair, the poorest report com
ing from the Southeast. Demand for money
I not so active and the bank, which are
well loaned UP. are not encouraging bor
rowers, this fact presumably being more
Important than any slowing down In trade.
The stock market continues dull and nar
row, early weakness being superseded by
higher prices at the week-end.
Wheat. Including flour, exports from the
United States and Canada for tha week
ending Slav 1 aggregate 2,628.331 bushel,
agalnat 8.648,112 bushels this week last
fluelneee allures for the week ending May
2 were 262, which compares with 224 In the
like week of JK12. Business failures In Can
ad for the week number S3.
ftradstrert's Bank Clearing.
NEW YORK. May 9. Bradstreet's Bank
Clearings Report far the week ending May
1 shows an aggregate of $ 1.309.S13.000, as
against S.1.140.417.UOO last week and f3.
577. ONI, 000 In the corresponding week last
New York l,7C3,540.0OO 17.3
affect the result materially Money rates
held steady on the lower basis which has
Some additional low records were made by
5 per cent bonds, but the general movement
was uncertain. Liquidation was checked In
some bonds which have been especially weak
recently. Total sales, par value, $2,185,000.
United States bonds were unchanged on call.
CLOSING STOCK QUOTATIONS.
& Co., Lewis
Reported by J. C. Wilson
Am Beet Sugar.
Am Can Co ....
do preferred. .
Am Car & Fdy.
Am Cotton Oil..
Am Smi-1 & Kef
Am Tel & Tel..
Am Tobacco . . .
Atl Coast Line..
A T & ant& Fa
Bait at Ohio ..
Brook R Tran.
Cunadlan Fac ..
C Ac O
c & a w
c & a w
C, M St Paul.
Central of N J.
Col Fuel A; Iron
Colo Southern ..
Consol Gas ....
D L & W
D at R G ..
Gt North Ore . .
Gt North pr ...
Interboro Met ..
K C Southern..
Lehigh Valley ..
Louis and Nash
M, S P ft S 8 M
Mo, Kan & Tex.
Mo Pacific .....
Nat Biscuit ....
N Y Central . . .
N Y, Ont ec Wea
Norfolk & Weat
Northern Pao . ...
Paclno Mail ...
People's Gas . ..
Republic B a I.
Rock Island Co.
Southern- Pac ..
Union Pacific . .
United Rds B 1
V S Steel
Utah Copper ...
Westing Elec . .
Total sales for
S.400 W) Vi
l,70i. OS's ,
,200 33 32 U 32 li
40O 92 H t'-'V 92 is
IOO 49 4Sl 4S
3W 44a 43 43
900 67-: tkV Ctfls
12914 120 li
... 0 VS
9S14 . 9S
- K 8li
238 4 239 '
, B3T4 04
" 14V . 14'4
39 'i :!0t4
31 S 3114 3r,
200 129i 1291s 12V
l'i 1914 19 '
2SH 2S-H 28 '
13ll 13! 1S8.14
32 82 31 Vj
12ttH ' 324 126Vk
114 112's 11211
14' 1414 14
102 10114 KUli
46,000 lfiHi 16014 HWK
1.O0O 23 23 224
3..10O 4 9 1914
4.70O 98 97 1 97 la
400 24-T 21H -
24.000 149T4 3484 148t
43,100 80'i BO'i t('i
200 105 H 105V4 107
8,100 51 ROH
""ioo 'fiji ' B4ii fiS'i
0.200 61-. til 14 l'.i
the day. 260,000 shares.
2,900 16514 1M
- 300 13114 131
SOO 132 H 13214
1.S0O 2.1 s 22-4
1.10O 3514 84"ti
"ioo iii" iii'
7o 101 ?i 101 u
300 30 91,
300 105H 10r
2,100 114 114
V.icK) iiin ii-i
Reported bv Overbeck Coolie Co.. Board
or Trade building, rortiana.
Kansas City . . .
San Kranclaco .
Los Angeles ...
Portland. Or. ..
Denver .... .
Salt Lke City
Atchison general 4s 924
Atlantic Coast Line first 4s S914
Baltlrr.oro & Ohio gold 4s 92
B R T 4a SS
Chesapeake & Ohio 414a 95
C M & St P gen 4l "9034
Chicago P. I Col 4S S
Cat Gas 69 Vo1-
C B Q joint 4s 94T4
Erie general 4s tin
Int Mt-t 414s 7B
Louisville & Nashvtllo unl 4e... f)3?i
Missouri -Pacific 4s AO
N Y C gen Site -. 8314
N & W first con 4s.'. 9214
Korthcrn Pacific 4s 94
Oregon Short Line ref 4s On
Oregon Ry Nav 4s 9014
pacific Tel os u;vs
Penna con 4s.................. 99 '.4
Reading general 4s 94
t I, at 8 F ref 4s
Southern Pacific ref 4s 88
bouthom I'acilic col 4s... si' Vs
Southern Railway 6s 1034
Southern Railway 4s in
United Railway Inv 4s 60
Union Pacific first and ref 4s.. 9514
United States Steel 3s 10014
West Shore 4s
Wisconsin Central 4s
United States 2s registered..
United States 2s cojDon
United States 3s .registered 10214
United States Ss coupon 10214
United States 4s registered . . . . . 1 1ll 14
United States 4s coupon 11-1'.
Stocks at Boston.
BOSTON May 2. Closing quotations
73 iXevada Con ....
24 14,'Nlplssing Mines.
A Z I. Sm.
Arizona com . .
B ft O C A S M.
Cal & Arizona
Cal Heola 400 lOsceol
Con Ran Con Co 41 ' Shannon
B Butte Cop M. 11 Superior
Franklin 6 ifiup & Bos Mln.
Giroux Con .... 2'4 (Tamarack
Grunbv Con ... 61 Is U S 8 R M. .
nreenA Cananea. 6; do preferred... 47
I Royalle (Cop! 23 .Utah Con 714
Kerr Lake SltlUtnh Copper Co. 50H
Lake Copper.... 12l4Wlnona 1
La Salle Copper 4 iWolvertne 48
Miami Copper.. 22141
Money, Exchange, Etc.
NEW YORK. May 2. Money on call,
steady. 2l46r24 per cent; ruling rate. 214
per cent: closing bid, 2' per cent; offered
at 2ls per cent.
Time loans, steady; 60 and 90 days, 4 per
cent; six months. 414 9414 per cent
Prime mercantile arer, 5&514 per cent.
Sterling exchange steady, with actual bust-
nees In bankers' bills at $4.S37S for SO-uay
bills and at 14.SSIO for demand,
commercial -Mils, S4.83.
Bar silver. 6014c.
Mexican dollars. 4Sc.
Government bonds, steady: railroad bonds.
WHEAT CLOSES FIRM
Montenegro's Threat Strength
ens Chicago Market.
TRADERS NERVOUS BUYERS
PRICES ERRATIC IX WOOL MARKET.
TenifcncT at Botvtoa Is Oraefrmlly Toward
BOSTON", May 2. Th Commercial Bul
letin will say of th wool market tomorrow:
With the exception of the ealo of a few
fair-elzed lots of territory wools tills week
the market haa "been dull and untntorestlna.
The usual hand-to-mouth demand haa been
In evidence. Prices are erratic as usual In
a market Ilka tha present one. but generally
peaking' the business has shown lower
prices. One lot of half-blood Montana Is
aid to have sold on a clean basis of about
In the West operations bare dropped off
again, and there is iittle In the way of
news. Buyers and arowers have not yet
really come tojrethr on tha price question,
although some early wools-have been bought,
probably with the idea of making quick re
turns. Manufacturers are poorly employed and
there is much Idle labor at mill centers, due
to the tariff agitation and uncertainty.
STOCK MARKET WOW
SHORT INTEREST REDUCED AXD
Substantial Gain la Cash by Banks
on Week Operations Is
JCEW TORK. May 8. Speculation reached
a stat of deadlock today. Extensive cover
Ins; having; been forced by tha sharp rise of
stocks yesterday, the demand from this
source waa diminished. Althourh some
small fains were registered In the early
trading afgressive effort were mad on the
Ions- side. .
Kuropean markets were strong on tha Im
provement in tha political outlook. Tha
heavy ton toward the close was Influenced
oy the development ot new weak spot among
'.be Inactive share
A substantial gain In cash by the banks
on the week's operations was Indicated by
substantial movements of currency. Esti
mates of tfce week's gain varied from 4.
.GO.OOO to (7. 00. 000. not allowing for "over-
the counter" payments on May 1, which ma:
LONDON. May 2. Bar silver.
27 11-lod per ounce.
Moiibv. ZVJSi per cent.
Rate of discount In the open market for
short hills. 4 per cent; three months' bills.
4 per cent.
SAN FRANCISCO. May 2. Silver bars.
Mexican dollars, nominal.
Drafts, sight lc. telegraph 3c.
sterling lu London, SO days. 4.t3&; sight,
$4.. . ,
Condition of tbe Treasury
WASHINGTON. May 2. The condition of
the United Slates Treasury at tho begin
ning of business today was: -
Working balances t Tl.743.40.1
In hanks and Philippine treasury 43.0SS.OH7
Tot:U of general fund l-H.lJi3,tK.'l
Receipts yesterday !M.i4.0l2
Tho surplus this fiscal year Is r.C8.435.
as against a deficit of 1 12.7M.n6 last year.
The flsurea for receipts, disbursements,
surplus and deficit exclude Panama Canal
and public debt transaction.
SAV FRANCISCO PRODUCE MARKET
Price Quoted at the Bay City for Vegeta
bles. 1-Yuits. Etc
PAN FRANCISCO. May 2. The following
produce Drices were current here today:
l-Tult Apples, 73ciS Jl.SO; Mexican llmee.
MS IS..".; California lemons, choice, 13.50;
common, $'; ravel orsnges, 11.252;- pine
Cnaese New, 12',i13We; Young Ameri
Eggs Store. ISc: fancy ranch, Jic
ll.iv Wheat. t2347i25; whoat and oats,
:i.Jia,l'2; alfalfa. 14.S0trld.50; barley, sis
Butter Fancy creamery, 20c; second.
Potatoes Oregon Burbanks, n75c: Riv
er white, JOS 05c; new, 1Q1q; sweets,
Vegetables Cueirmrafrs. $2ir2.2; green
peas. 1.2r.2; string beans, 9G12V4c; egg
plant. 25efS0c: onions. SI.
Receipts Flour. 1352 quarters; barley,
5400 centals: potatoes. 720 sacks; hay, 21
Coffeo and Sugar.
NSW TORK. May . Coffee futures
opened steady at a net advance of 1 to i
point In company with tllgher European
cable. There did not seem to be any ag
gressive demand. The close was a shade off
from tha beat under realizing, and barely
steady. Sales, 64.000 bags. May, 10.95c;
June, 11.04c: July, 11.09c; August, 11.19c;
September, October, November and Decem
ber. 11.29c; January, 11.30c; February,
11. lie; March and April. 11.180.
Spot quiet. Rio 7a 11 He; Santos 4s. 13c;
mild, quiet; Cordova, 14H17o nominal.
Raw augar ateady. Muscovado, S.862. 89c;
centlfugal, S. 363. 119c; molasses, :.Sl2.v4c.
Metal Markets. ..
NEW TORK. May 2. Copper quiet. Stand
ard spot to Ju!y, 14.753yl5.25; electrolytic,
15.75; lak, 15.87; casting, 15.00.
Tin easy. Spot, 49.251M9.75; May, 49.00
40.75; June, 40.00 49.23; July, 4S.3748.75.
Lead steady, 4.45 bid.
Spelter ateady. 5.45 5.55.
Antimony dull.. Cooksons. 9.00.
Iron steady and unchanged.
Copper arrivals, 65 tons; exports for the
month of April, 6S73 tons; 'London copper
firm; spot. C68 6s sd: futures. 6S Ss Sd.
London tin steady; spot, 530: futures. 220
10s. London lead. 17 17s 8d. London spelter.
23 10s. Iron, Cleveland warrants, 67s lifcd
Values Prior to Final Upturn Arc
Weakened by Excellent Domestic
Crop Prospects Coarse -Grains
CHICAGO. May 2. Unconfirmed reports
of Montenegro s threat to annex ecuiari. in
defiance of tho powers, today gave a strong
close to wheat, though prices showed a net
Iobs of hie to 'iko. Corn finished a
hade up to a shade down, oats closed Vs &
K c lower to Ho higher. Provlslous were
at a net loss of 214 to 16a
. The war situation. In Its latest develop
ment, brought nervousness to- traders and
induced buying of wheat that rallied prices
to the opening figures of the day. The
weak tone of tha wheat market prior to the
final upturn 'was Increased by tha flna do
mestic crop outlook.
Primary receipts of wheat today were
587.000 bushels; last year 823.000 bushels.
Seaboard clearances of wheat - and flour
equalled 606.000 bushels.
Fine weather made a heavy corn market
most of the day. Near tho close there was
a somewhat oversold condition and prices
made a slight rally.
Late covering by shorts helped oatfi, which
most of the day had been weak.
Speculative buying gava strength to pro
visions for a time, but values later eased
off, partly In sympathy with weakening
of prices at tho yards and partly by rea
son of a considerable increase In the world's
The leading futures ranged as follows:
May 11.50 11.D0 11.47H 11.47H
July 11.05 11.03 10.95 lO.IUu
Sept. ....'..10.65 10.8714 10.774 10.T7M,
Cash prices were:
Corn. No. 2. 66rS;57c: No. 2 white,
58-4 09c: No. 2 yellow, 5044 56 "He; No.
8. 55(j57 4e: No. 3 white, 57!h57c; No. 3,
yellow. 65Mi.-c; No. 4, 64 '.4 S 05 c ; No.
white, 5ne57c; No. 4, yellow, 645514c.
Rye, No. 2, 63 !& 08 V4c.
Barley, 46 n 50c.
Paget Sound Wheat Markets.
SEATTLE. May 2. Wheat Bluestem, 98c;
fortyfold, 88c; club, 87c; fife, 87c; red Rus
Yesterday's car receipts Wheat, 11; bar
ley, two; flour, three; hay, eight; corn, one.
TACOMA. May 2. Wheat Bluestem, 98 &
90c; fortyfold. 90c; club, 86c; red fife, 84c.
Car receipts Wheat, four; barley, one;
corn, one; hay, one.
Grains in Ban Francisco,
SAN FRANCISCO, May 2. Spot quota
tions Walla Walla. 1.60-1.62; red Rus
sian.. $1.5714 1.60; turkey red, $1.75
1.774: bluestem. $1.75'l.tJ0: feed barley.
S1.46U S 1.4841 : brewlug, nominal; white
oats, $l.tl.H2H; bran, S28.00W26-50: mid
dlings, $olJ.008B1.00; shorts, $28.OO28.0O.
Call board: Barley, nrm. Decemuer, $1.4o
May. $1.40 H bli
Minneapolis (iraln Market.
MINNEAPOLIS, May 2. Close Wheat-
May, 87ibi87c: juiy, wmc; oeptomoor,
ul v.e Cash No. 1 hard. 91c: No. 1 North
ern. 89 "Hit 90 He: No. 2 Northern, 874
SS'-c; No. 2 hard Montana, 90c; ro.
Barley, 42Q56C. -
Kuropean Grain Markets.
LONDON. May 2. Cargoes on passage,
verv little inquiry.
English country markets qufet. Frenoh
country markets, holiday.
I.rt'EHPOOL. May 2. Wheat Spot, fl!
Futures weak. May. 7a 8!d; July, 7s 5d;
October. 7s 3 ft a.
TOP HOGS SELL HIGHER
Open. High. Low.
May $ .91 $ .9H4 $ .904
July Dl .91 .90
Sept. ...... .9074 ,UU .90fc
Msy .5474 .554 .54
Julv ...... .55H .68 .35s",
Sept. ....... .56 9 .5694 .56
Msy ...... .854 .354 .854
July 34 4 .35 .34
Sept. ..... .34H .35 - .34a
May 19.70 10.70 19.50
July 19.65 19.65 19.474
Sept. 19.424 19.424 19.25
May 10.95 10.95 10.874
Julv 10.85 10.85 10.724
Sept 10.85 10.85 10.75
N One of the vital principles of a bank
service is its care in serving its cus
tomers. . . , -
Northwestern National Bank
gives careful attention to all of the
wants of its depositors.
Third and Oak
Capital Stock ...$1,000,000.00
. Surplus and Undivided Profit ,. 1,000,000,09
Commercial and Savings Accounts
Letter of credit, draft and traTelera cheek issued, a vailabl.
is all parts of the world.
W. M. Ladd. President. Kobert R Hrmsjd Asat CashUSi
fc'dward Cooklnaham, Wje-Pra J. W. Ladi Asst. Cashier.
W, H. Duackley. Cashlar. Waiter M. Cook. Asst. Caahletv
First National Bank
Oldest National Bank West of tha
CORNER FIRST AND WASHINGTON ST&
NICKEU ADDED TO VALUES AT
Choice I,oad Taken at $9.05
ITcaxy Swine Also Firmer Sheep
Do Not Bring Konner Prices.
There was a better movement In the hog
and sheet) division at tha stocKyarus yes
terday. ut trade wa by no means active.
A nickel was added to the value of tho best
A load of choice average weight swine was
sold at S9.03 In the forenoon, utner lifcni
hoss were taken at JS.Sf. to $9 and heavier
hoss brought . to is. 59.
In the mutton market the quality of the
offerings did not grade high, as eliown ny
the nrices realised. All the wethers offered
for sale went at 6.60 and ewes brought
$3.2.1 and fti.z.
Receipts were 149 cattle, 90 hogs, 1101
sheen and s horse
Shippers were: J. C. t,onergan. Echo, 6
cars of cuttle; O. B. Weed, Burley, 1 csr
of hoes: M. Koss. Farm a. 1 car of hoes: G.
H. Johnson. Payette. 1 car of hogs; Ed
Phlrman. Hunts Ferry, 1 car of hogs; Kins
man HalL HenDner. 1 car of hogs; Bd
Knorr, Senn and Grangeville. Z cars of
hogs; Oeorge Chapman. Durban:. Wash., 1
car of hogs; E. B. Starkweather. Echo. 1
ear of sheep: W". L. Turner, Nampa, 1 car
of sheep: W. Ross, Parma, 3 ears of sheep;
A. a. Wendell. Clem. 1 car of horses, and
J. B. Dinsmore, West Sclo, 1 car of sheep
- The day's sale were a follows:
. weight, rrice.
121 wethers -v.
2 hogs - -.
74 hen .........
The range of price at tn yaras srss
follows: - -
Choice steers JT.T5S.J5
Good steer. 7.B0 9 7.75
Medium steer 1,22 i'52
Cholc cow .T3i9i 7.33
5ood cows 6.5U .7S
Medium cows 6.000 0.SO
Choice calve S.00 0 9.00
octii f heavy calve. 6.60 0 7.30
Bull ' -25
Llght""-..-" 8.76 0 9.05
Yelrtin'r'wethers J J-25 6.60
TTwea 5.25 6.25
gTm's 7.000 .
Omaha Livestock Market.
SOUTH OMAHA, Kob.. May 2,-attle
Receipts. SK-'S; market, stronger. Native
steers. 57.50 &&.60; native cows and heifers.
ii;7.85: Western steers, o.7aj8.16: Texas
steers. 0tr7.0; Texas cows and heifers,
i3.r.o7.CO; calves, u.759.7S.
Ho:s Receipts. 7600; market, lower.
Heavy. $s.S0rS.30: Upht. SS.Su&tS.eO; pigs.
$78: bulk of sales. 58.25 fiS.3.
Sheep Receipts. T200; market, steady.
Tear!lns, 7'7.50: wethers, .40je.tHj,
92 6. SO
90 6 SO
Chicago Livestock Market.
CHICAGO. May S. Cattle Receipts
market, steady to strong
The Bank of Personal Service
Service is our specialty and our steady growth is
proof of the appreciation of our patrons.
Deposits May 1, 1913 .$3,812.892.56
-Deposits Jan. 1, 1913 3,382,526.06
Gain since first of this year $ 510,363.90
MERCHANTS NATIONAL BANK
Under Government Supervision
Founded 1886 Washington and Fourth Streets
ESe.1 m X Hi 5 1 K 1 m t i " PfO
till Ji I LJT I
GilJ M m W & 1 "er t
til. E i V M IJ-l3t-
kin f 3 r. ii ii
Direct Line to Havre-Paris (France)
Sailings from New York every Thursday at 10 A. M.
ESso f France New Thursday, May 15
May ft SAVOIB lune 13
May 2B SLA I'KOVK.VCK June 19
June 5 ti-'RANIK (ne) June
r steamer. tJuadruple-srrew steainev.
SPECIAL HATl'RDAY bATLLC.H FlUMI i.tw lOBK a jr. m.
ONB CUAS8 CABIN (II) and THIRU-Ci-ABS passengers uuiy.
Chicago?.... May lagra Msy tt
C W (itlnrer. 80 6th St.: A. n. Charlton, S3S Morrison sr.- J. O. Thomas, O.
M S'st K By.: Dorsey B. Smith. 6 6th st.: A. C. ejheldon, 100 3d si.: H.
bickson. 182 8d St.; North Bank Road. 61h and Hlark sts.. agents. I'ortlaad.
1 V- m-ot w
8.90: Texas steers, .88.70(87.75: feer'
steers, .0 8.10: stockers and feeders, ?
5.10: cows and heifers, $3.90 8.16; calves.
0HofsReeeIpt.s, lS.OfW: market
So lower. Light. 88.43 . 70; m Ued. 8.S0
8.85; hevy. J8.05&8.05: ro,u:11v..,''Ln
dIks. 86.6nfS.6.: bulk of sales, $8.45 f 8.60.
'Kheep RecelDts. 8000; market, strong.
Native. 67.15. western. $6.23 7.1B; year,
line. $6.30&: lambs, native, 0.tvi).3.
Iondon Wool Sales.
IXJNDOV, May 2. The offerings ?
wool auction sales today amounted to 10.80J
balea Home and continental spinners ere
vigorous bidders and good wools advanced 5
per cent. Heavy descriptions were barely
Chicago UaliT Produce.
phicaGO. May 2. Butter easier. Cream
eries. 28& to 29c.
Eggs steady. Receipts. 29,998 cases;
freehTlSc; at mark, cases Included. 17 18c;
ordinary lirsts. net
Dried Fruit at ew York.
xrTr-rTT vnsv y'str 2. Evaporated applei
quiet but firm. Choice, Vi6c; prime. S
aC. irrunes ' M
" Wool at St. Louis. (
..M, AT-Ts mhv 2. Wool steady. North
ern and Western mediums, 16lc; fine
burry. 14ioc: siigni du. .j, iu
Duluth jLlnseed Market.
DU1.UTH, May 2. Close Linseed, $1.31 H:
w.v $181: July, i.3 'm asxeu -, aoviim
hg'tlilk asked: October. $1.83 asked.
TAHITI AND NEW ZEALAND. !
Round Trip Rates: 1st class to Tahiti $tH. I
ta Welllnrtoa $207.60. to Sydney $800.
Special faclflc Oeeaa Toar (lnoludlng South
Be Isies) to Sydney via Tahiti, Rarotong
and New Zealand end returning to San
Krsncisco (or Vancouver) via Auckland, :
Fiji or Haxnoa and Honolulu. $.125. 1st olasi. 1
Stop-overs ny point, good one year. Sail,
lngs from San yranalsoe April 2. April $0,
May 28. etc
rnlea Steamship C. ef New SCealand, Ltd. i
Office: 018 Market Street, Ean Francisco, j
cities and towns
EXPRESS STKAMJfiKS FOB
baa Francisco and Los Angeles
S. 8. BEAR sail S A. M.p May 1.
S. S. KOiE C1TV, 9 A. M. May M.
TUB SAN FRANCISCO PORTLAND S. S.
CO. Xtcket Olfic 8d and Washlngtoa (wlta
O.-IV. R. N. Co.)
Phsa MarabaU 4600. A UiL
COOS BAY LINE
sails from Alnswortb Dock. Portland, at S
A. M.. April 17. as. 30. May 6. 10, 18. 20.
2S, 80. thereafter every five days, 8 A. M.
Freight received dally until 6 P. M. exoept
day previous to sailing, previous day 4 P.
M. passenger fares: First-class, $10; second-class,
$7, Including berth and meats.
Ticket office at Ainsworth Dock.
PORTLAND C008 BAY 8. 8. LINE, L.
H. KEATINO. Agent. l'bono Main 8600.
San Francisco, Los Angeles
and San Diego Direct
S. S. Roanoke and S. S. Elder.
all Every Wednesday Alternately at
NORTH PACIFIC S. S. CO.
(tt A Third St. Phoae Mln .U14, A. 1S14,
BONDS. GRAIN AND COTTOS
NEW TORK STOCK EXCHANGE.
NSW YORK. COTTOST KXCHAJK.B,
CHICACiO BOARD OF TRADE.
THE STOCK AND BOND EXCHANO
PORTLAND OFFICE: .
Lewis Building, 269 Oak Street
p-wnt-JtIrelialLli2CL A 4181
Sail direct tot
Sunday, 4 P. M.
SAN FRANCISCO, PORTLAND & LOS
ANGELES S. 8. CO.
134 Third Street
Main 26 A 4516
And All A rsfnUn sVorlB.
Zrce. ev and Kt PaMeniter teamen
rem New York tvtry UrnM SklucdAy.
17 PA Yd TO JUO J A KK I RO,
S3 DA . 8 id BXTESOS ATRES.
forralet.ete.. apply local iickt Agul,or
1UK 1AMKW, ('tnrral Asrju,
801 Procure EtchiintrftrNevT York.