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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
THE MORXING OREGOXIAN. THURSDAY, JUNE 5, 1913.
PRICES ROT SHADED
Wheat Holders Turn Down
Low Oriental Bids.
CALIFORNIA READY BUYER
Ijoeal Market Is on Firm Basle With
Quotations Unchanged Crop
Reports From Interior
Oriental wheat buyers are still dickering
in the market, but they are & cent or two
under sellers' prices. There Is no likeli
hood that quotations will be lowered, and
it 1 probable the buyers on the other side
will have to come through- California
millers continue to take wheat at current
jwlcea, and this is helping" to keep the mar
ket firm. No change has ben made In local
quotations this week.
Weather reports from the Inland Em
pire yesterday were mors favorable. The
weather was cooler, and it is believed no
material damage was done. The only com
plaints have come from the late sections.
There were the same complaints from there
last year, yet the crop came through fine.
According to reports from farmers in some
sections, the three or four days of hot
weather has been the making of the grain,
in the Oregon river counties the crop Is not
looking as well as last year, when It was
eToeptlemally good, but elsewhere in Eastern
Oregon the reports are favorable. The East
ern Washington crop, as a whole, seems to
be coming along fully as good as a year
CO. In Idaho the prospects are better
than last year.
Local receipts. In cars, were reported by
the Merchants Exchange as follows:
Wheat. Barley Flour Oats.
Monday . .
Tuesday . .
Year ago. . . J.
Won to date.l,P60
Yar ago. . .14. 222
WALLOWA COUNTY WOOLS CONSIGNED
Only One Outright Pale Has Been Reported
RNTCRPRISE, Or., June 4. (Special.)
Although only one outright sale has been
reported, more than half of Wallowa Coun
ty's 1013 wool crop may he considered aa
having been marketed. The bulk of the
clip win be consigned direct to Boston
houses and held to await developments in
the-Eastern market. This business Is being
handled on agreements under w lilch ad
vances are made to the growers.
The one sale made was by R. F. Stubble
field to Bicknell & Oxman. Mr. Stubblef ield
old 11.000 fleeces, estimated to produce
about 88.000 pounds. This Included the
wool of Omar Stubblefteld and a number of
nmaller sheepmen whose clip is handled
with the Stubblefteld wool. The price was
13 cents for the fine wool and 14 cents for
The largest part of the consigned wool
Already engaged goes to Halliwell. Jones
A; Donald. The clips are as follows: Fred
W. Falconer, flOOO fleeces, or 72,000 pounds,
Including the Ramsey and Moxley wool; Jay
H. Dobbin. 21.000 fleeces, or 16K.O00 pounds;
'. Tl. Daugherty. C00O fleeces, or 24,000
pounds; N. C. Longfellow. 5200 fleeces, or
41.600 pounds; C L. Hartshorn. 5200 fleeces,
or 41.AOO pounds.
A consignment agreement for Peter Beau
doln't 16,000 fleeces was made In the Win
ter by E. W. Humble, of Joseph, represent
ing Ortmmlus &. Peirce, of Boston. None of
this wool has moved yet.
No announcement has been made in regard
to the clip from the 1S.0OO or 19.000 sheep
of the David & Michellod Company. Last
year this wool was bought by Julius Dufour
for the French manufacturers. The Lltch
fc Graves, the I. C. Johnson, the Luther
Ptumbaugh and some other good-sized clips
are still on the market.
Results to date have given an agreeable
surprise aa to Winter range sheep. Pro
tracted cold weather and snow in the Win
ter pastures along Bnake River, the Imnaha
and Joseph Creek caused considerable hard
ship to the flocks. It was feared the wool
would be inferior. But while the fleeces
are light, they are of decidedly better qual
ity than had been expected.
The shearing plant at Johnny Johnson's,
on Pine Creek, began work the first of the
week. Eight new machines were installed,
making this a 20-machine plant.
GRAHAM FLOUR OFFICIALLY DEFINED
Department of Agriculture Reports on Its
The bureau of chemistry of the United
States Department of Agriculture has been
conducting an Investigation of graham
flour, concerning which product there is
great confusion in the milling trade, with
the idea of establishing certain standards
with which all graham flours shall com-
i)y. Statements made by many millers
show that a very large percentage of the
so-called graham flours on the market are
mixed products, or Imitations made from
feed brmn. together with low-grade flour,
or 10 per cent cracker flour and in many
instances contain the sweepings from the
True graham flour, according to Bulletin
131. Just Issued by the bureau. Is "unbolted
wheat meal made from sound, clean, fully
matured. airdried wheat." This may al3o
be calletf whole wheat flour," or "entire
wheat flour." Mixtures, or flours from
which part of the bran has been removed,
should be labeled Imitation graham flours.
Bread msd from whole rhoat meal was
much esteemed among the undents for
its medicinal properties. Tt was reintroduced
Into general use early In the Ittth century
hy Sylvester Graham. Bulletin 1G4 gives
a brief history of graham flour. It also
contains physical and chemical analyses of
the graham flours found on the market.
BF.RR.rES SF,IX AT LOWER
Tmrraere Consigning to Outside
With Cnsatisfactory Results.
Conditions in the strawberry market
ware not raaterlaly changed yesterday. A
rood many of the arrivals showed the ef
fect of the recent hot weather. The best
stock sold at $2 25 and poor berries went
as low as $1.
The demand from outside markets has
been hurt by farmers in the Valley con
signing sunburned or green berries there
They are not only getting poor returns, but
have closed an outlet for the surplus of
this market and thereby weakened local
Additional shipments of loganberries were
received from California. They offered at
J 1.50 a tray, but were In small demand.
J'herrtes and apricots were unchanged.
Lemons were quoted a quarter higher at
$S.C5 for fancy. Three cars of bananas
A car of new potatoes was received and
quoted a quarter cent higher at I cents.
Peas were firm at 9 cents. Other veg
etables were unchanged.
CHEESE MARKET IS TENDING ITWARD
. California Bnytng Freely at Tillamook The
Local Supply Small.
The cheese market Is firm and will prob
ably be quoted a half cent higher at the
opening of the coming week. Local stocks
are small and Tillamook reports good Cali
fornia ordei-s. No change was reported in
the butter situation.
There was a good steady demand for
poultry at former prices. Hens were moved
at 15 cent and broilers cleaned up quickly
at 25 cents. Spring ducks are still bring
ing a high price. Dressed veal was firm
at 14 cents and pork was steady and un
changed. The egg ma rk et is in c ood shape a nd
dealers look for no change in the immediate
Bank clearing's of the Northwestern cities
yeetsrday wre as follows:
Portland $2.:i"0,on $-'24.S
fiLtle 2124,yi7 - 2y0,5
WOOL fcOLI AT LOW PRICE.
Growers Displeased Over Bids at Heppner
HEPPNER, Or., June 4- (Special.) At
the wool cales here prices paid were from
H to 4 cents less than last year, and as
a rule they were unsatisfactory to the grow
ers. At the Farmers' Union warehouse one
lot of 32,5tt pounds was offered and a bid
of 13 refused. t
The following clips were Bold:
At the Morrow Warehouse & Milling Com -jpany's
warehouse: Robert Dexter, 10,000
pounds at 13 Vi cents, to Dufour; Hynd
Brothers. 40,i43 pounds at 144, The
Dalles Mills; R. F. Wiggles worth. 82.760
pounds at 14 H cents, to Dufour; A. Lind
say. 10.O10 pounds at 18, to Hoover;
James Farley. Iti.l'od pounds at lVi, to
lireen ; Ed ;Ne!ll, 17. 338 pounds at 1- , to
insc-himer ; C. F. Waters, i!5,0.0 pounds
at 1 V3. The Dalles Mills; Waldo K.
Vincent. 10,o7H pounds at lli . to The
Dalles Mills; Kelly Estate, 20,1!10 pounds at
14 to Angeil; J. B. Huddleston, 7SS6
pounds at 33, to The Dalles Mills; Henry
Neel, 25,000 pounds at to The Dalles
Mills; A. Neel, Ii6.ft0j pounds at 12H, to
Hufour; Ike Howard, 076 pounda at 13,
to The Dalles Mills; Wilbur Dexter sold
1O0O pounds at 13 Va. to Dufour.
At Phil Cohn's warehouse: J. W. McTn
tlrt. 23. US pounds. 10-i vents, to Dufour;
D. O. Justus. 14,M5 pounds (coarse), 153.
to Angel ; L. V. Gentry, IS, 172 pounds
f coarse ). 1 . to Angel ; H. Scherginger,
1 0, 30u pounds t coarae , 15 i . to Angel ; Joe
Hays, "lO.soi pounds coarse), 15ai. to An
gel ; Percv Hughes. 13.JVS3 pounds (fine),
13. to The Dalles Mills; Mallahaln Bros.,
22,t.rB pounds ( fine . 10 h to Green ; Con
ness Ere?., 2O.064 pounds. 11U, to Dufour;
Fat Currin, 3, .9 pounds, 11 H, to Sin
helmer; Kemas Bros., 21.184 pounds, 12,
to The Dalles Mills; Williams & Mulligan,
10,721 pounds, 34 4, to Dufour; Williams
Bros., 21,072 pounds. 14, to Angel; John
Connell. 10.45. pounds, 34, to Augel; W.
E. Straight. 30,2."i8 pounds.. 14. to An
gel; Herb Kirk, 1000 pounds. 13. to Frank
enstein; A. Templeton, 25.870 pounds, 1SV.I,
to Green; J. Sheridan, 10.005 pounds. 13,
to Frankenstein; Paul Hlsier, ltl.OOO pounds,
14, to Angel; Louie Grashens, 11.190
pounds, 14, to Slnheimer; Mike Kinney.
41,92;, pounds, 14, to Dufour; Campbell
HeaUy. 18.203 pounds, 13, to Angel; Phil
Dougherty. 10,598 pounds, 10 , to Green;
Pat Carty, 11.074 pounds, 134. to Franken
stein; Pliil Itirl, 18,at5 pounds. 12, to
The Dalles Mills; M. & P. Dougherty, 11.
668 pounds, 13,, to Dufour; James Farley,
11.000 pounds, 13., to Green; Farley &
Healey, 21.200 pounds, 13, to Frankenstein;
J. P. Maldlent. 13.000 pounds, 12. to
Green; Nat Scott, 34,000 pounds, 13; George
Perry. 17,000 pounds, 12, to Dufour; John
Madden, 17.500 pounds, 12. to The Dallce
Mills; John Madden, 3500 pounds (coarse),
to Dufour; B. O. Justus, 17,000 (fine),
12'4 Cno sale).
Grain. Flour. Feed. Etc
WHEAT Track prices: Club, 9394c;
bluestcm, $1.01 tg-1.02; 40-fold, 9405c; red
Russian, 9l:c; Valley, D4c
FLOUR Patents, $4.70 per barrel;
straights. $4.10; exports. $3.85 3 3.95; valley,
4.7"; graham, $4.60; whole wheat, $4.80.
OATH No. 1 white, $32 per ton; stained
and off grade, less.
CORN Whoie. $28.50; cracked. C29.80 per
M ILLfiTU FFS Bran, $24.50 25 per ton:
shorts. 26.30 27 per ton; middlings, $31
BARL1SY Feed. $26.50 per ton; brewing,
nominal, rolled. $2S. DO p 29.50 per ton.
HAY Eastern. Oregon timothy, choice,
$lb4ld Per ton; alfalfa, $13314.
Fruits and Vegetables.
Local Jobbing quotations:
TROPICAL FRUITS Oranges, Navels.
M - 50 & 5.50 ; Florida grapefruit, JS.SO Q.50;
lemons, f 7.75 8. 25 per box; pineapples, 8c
ON IONS Oregon, $1.25 per sack; new.
$l.'-!5 ier sack.
VEGETABLES Artichokes. 75c per dozen:
asparagus, Oregon, 50ci?$1.OO per dozen;
beans, 10-(12c per pound; cabbage, 2i (.
8c per pound; cauliflower, $2 per crate;
eggplant, 25c pound ; head lettuce, $2.50
Per crate: peas. !o per pound: peppers,
U540c per pound: radishes, 1012c per
dozen ; rhubarb. 1 & 2c per pound ; spinach,
75c per box; tomatoes, $2.50fZ per box;
garlic, 7' Sc per pound.
POTATOES Burbank, 40 50c per hun
dred; new, 2ic per pound.
GREEN FRUIT Apples, nominal; straw
berries, $12.25 per crate; cherries. 12 &
15c per pound; gooseDerries, 2f34c per
pound; apircots, $1.7.Vjj2.25 per box; water
melons. 5c per pound.
SACK VEGETABLES Turnips. $1 par
sack; parsnips, $1 per sack; carrots, $1 per
Dairy and Country produce.
Local Jobbing quotations:
POULTRY Hens. 15c; broilers, 25o;
turkeys, live, 1 S20c; dressed, choice, 24
25c ; ducks, old, 1 7 (gplSc ; young, 22 25o;
geese, young, 15 (Q 16c.
KGGS Oregon ranch, case count. 1S
10c per dozen; candled. 20c per dozen.
rHEKSK Oregon triplets, 16c; Daisies,
10;2C; Young Americas. 17jC.
BUTTER City creamery butter cubes, 25s
per pound : prints, 29 & 29 H c per povnd,
PORK. Fancy, llHVat per pound.
VEAL Fancy, 14c per pound.
Local jobbing quotations:
SALMON Columbia River, one-pound
tall. $2.25 per dozen; half-pounl flats
$1.40; one-pound flats, $2.45; Alaska pink,
one-pound 'tails, S5c; sllversides. one-pound
HON13Y Choice. $3.25(5-3.75 per case.
NUTS Walnuts, ISc per pound; Brazil
nuts. 12M:afl5c; filberts, I4(ifl5c; almonds,
ISc; peanuts. 5&52C; cocoanuts, 90c$l
nr dozen ; chestn uts. 11c per pound ; hick
ory nuts, S? 10c; pecans, 17c; pine, 174
BEANS Small white, 6Hc; large white,
6c; Lima, 0.80c; pink, 4c; Mexican, 5c;
SL'GAR Fruit and berry. 55.15; Honolulu
plantation, $5.10; beet. $4.95; extra C, 4.65;
wnered, barrels, $5.10; cubes, barrels.
drums, 21 40c
SALT Granulated. $14 per
pround 100s. $10 per ton; 50s
ion; dairy. $1.50 per ton.
RICE No. l Japan. 551c; cheaper
grades. 4--C-. Southern head, Re6c
DRIED FRUITS Apples. 10c oer nound;
apricots. 12 (g 14c; peacnes. S& 11c; prunes,
Halians, fra 10c, silver, lc; figs, white and
black, 64ii7c; currants, 9VsC; raisins, loose
Muscatel. dH.Ttc; bleached, Thompson,
llc; unbleached. Sultanas, 8Hc; seeded.
r-Vs 4 SHc; dates. Persian, 7fet)C per pound;
fard, $1.65 per bos.
FICJS Tweive 10-ounco, 5e ; 50 6-ounc.
$l.S5; 70 4-ounce, $2.50; 30 10-ounce, $2.25;
loose, 50-pound boxes, 6 7c; Smyrna,
boxes. $1.10)1.25: candled. $3 per box.
Loral Jobbing; quotations:
HAMS lo to 12 pounds. 221c 32
to 14 pounds. 20 21c ; picnics. lSc;
cottage roll, 16c.
BACON Fancy. 292 30c; standard. 24 O
25c: English. 22 23c.
LARD In tierces, choice, 14 He; com
DRY SALT MEATS Regular short clears,
lSH&loc; short clear backs. 12 to 10 Ibs,
14&15Sc; short clear Backs. 18 to 25 lbs.,
Hfl5Hc: exports. 1516c
BARRELED BEEF Extra mess beef.
(19; mess beef. $19; plate beef, $21; roiled
boneless beef. $30.
BARRELED PORK Best pig pork. $27;
cK-s.ed pork, $25.
Hops, Wool and Hides.
HOPS 191 2 crop, 93 14c per pound ;
1913 contracts, 32& 13c per pound.
PELTS Dry. 12c lambs, 23 .'.c.
WOOL Eastern Oregon. 30'ijlc: Valley.
14 7 16o per pound.
HIDES Salted hides, 12c per pound;
salted calf, l17c; salted kip. 1214c;
green hides. He; dry hides. 21 22c; dry
calf No. 1. 25c; No. 2, 20c; salted bulls. Sc.
MOHAli; 1913 clip. 30 33c per pound.
Unseed Oil and Turpentine.
LINSEED Oil- Rew. barrels. 58c; boiled,
barrels, 00c; raw, cases, 63c; boiled, cases,
OIL MEAL F. o. b. Portland workst Car
lots, S33 ; 5 and 10-ton lots, $34 ; ton lots.
TURPENTINE Barrels. 54 c; cases. 57c
NEW YORK. June 4. Copper nominal.
Standard spot to August 14.87 o offered;
electrolytic. 25.50 3 15.75c; lake, 15.87g)16c;
casting. 15.;5 15.62c.
Tin weak. Spot. 45. SO 3 46.20c; June, 45-S0
04 6.05c: July, 45,j 4 tc
lead quk t, 4.30g 4.40c
Spelter dull. 5.2551 5.35c.
Antimony dull. Cookson'a, S.7$ 9c.
Iron quiet and unchanged.
I .on don markets closed as follows: Copper
ouii. pot its las: iutures. 66 13a 6d. Tin
weak. Spot. 210 5s; futures, f209 5s; spelter,
22 17s bd. Lead. 19 12s 6d- Iron. Cleve
land warrants. BSs 7 'id.
NEW YORK. June 4. Cotton futures
closed steady 3 to 9 points higher. June.
11.3Sc; July. 11.4To; August. lL3fic: Sep-
iem,ner, ji.hc. vjcioo-r, iiu.e; -November,
11.05c; December, 11.06c: January, 11.03c
February, 11.04c; March. 31.14c.
Spot closed quiet. Mid-uplauds. 13.70; do
guir. taxes. zt' Dates.
NEW ORLEANS. June 4. Spot cotton
quiet. I-I60 o:f. Middling, it 3-16c. Sales.
BEARS RAID MARKET
Series of Drives Followed by
Rally in Stocks.
TONE GOOD AT CLOSE
Denial From Washington of: Any Im
mediate Trust Irosecntions Is
Responsible for Improve
ment in Sentiment.
NEW YORK, June 4. Liquidation on a
large scale, together with a series of bear
drives, caured a severe disturbance in the
stock market in the first half of today's
session. A rally then occurred and trading
became quieter, with a decided improve
ment In prices.
The initial downward impulse came from
London, where American securities wore
depressed substantially in some instances
before the opening here. With the begin
ning of business the market was flooded
with selling orders, and iuotatlcns were
forced down rapidly in all directions. Of
1S7 stocks dealt in about 100 reached new
low levels for the year. In some caws the
prices were the lowest since the panic of
Denial from Washington that any immedi
ate trust prosecutions were in prospect had
a good deal to do with steadying the mar
ket later, and In the afternoon prices grad
ually improved. The upturn seemed to toe
due largely to short covering, however.
The further decline in stocks today led
to the calling of loans, and while the ef
fect upon the money market lias not been
pronounced, bankers predicted stiffer rates
before th end of the month. Time money
was somewhat firmer today.
The bond market was weak with declines
of 1 to 2 points in some cases. Total sales,
par value, S2. 850.000. United States bonus
were unchanged on call.
CLOSING STOCK QUOTATIONS.
Reported by J. C. WUson & Co., Lewis
Sale. High. Low. Close.
Am. Copper 58,500 6ii?i 68 OSi
Am. Beet Sugar. 1,500 25 24 24
Amer. Can Co...20.6O0 30 27 27
do preferred.. 2,300 8! 87 88
Am Car & Fdy. . 1,100 45 43 43
Am Cotton Oil.. 300 3S 37 37
Am Smlt & Rfg. 17.900 62 60 01
do preferred. . . 400 300i, 100 100 14
Am Sugar 1.300 107- lOOj 107 1
do preferred. . . 7O0 1114 HO1,
Am Tel & Tel Co 1.200 128 3 27 V 127
Am Tob 600 216 Jl-i 210
Anaconda 3,500 R54 34 14 34
Atl Coast Line. . 800 120 117 318
A T & Santa Fa 9,000 07 . 95 96
do preferred V5
Bait & Ohio 5.S00 046 93S 4s
Brook Rap Tran. 9,1 On 93 i SS So
Can Pao Co 27,: 00 218 214 216
C & 0 62 61 61
G & Gr 3,600 12 10 10
G N W IOO 127 320 126
C M & St, P 12,700 105 302 103
Central Leather. .2,100 19T 18 19
Cent of N J 219
Chlno 7.000 3S 3G 36
Col Fuel & Iron 28Vi -'7 27
Col Southern.... ..... 26
Con Oas.7 6.6O0 130 129Si 130
D L & W 300 395 394 303
D & R G 500 35 15 15
Distil Securities . 70O 12 30 11
Erie 17.000 25 23 23.
Gen EUctrlc... 1.400 135 184 14
Great North Ore ,700 31 30
do preferred... 7.700 123V 121 122
Illinois Central.. 1,500 111 310 1U
do preferred.. S.700 47 45 46
Internal Harv. 700 104 302 102
Iv C Southern... 2.30O 22 21 21 ,
Lehigh Valley... 11. 5O0 152 149 150
Louis & Nash... 3.200 130 128 127
Mexican Central 18
M. St. P & 6 S M. 1.500 123 119 119
Mo Kan & Tex.. 2,300 19 3S 10
Mo Paclflo 8,000 30 28 29
National Lead 45
Nat Biscuit 300 110 109 13 0
Nev Con 2.300 1G 15 15
N Y Central 7.50O P9 97 SS
N T Ont & W... 200 26 26 26
Norfolk & Wei.. 300 103 103 102
North Pacific. . .12.200 110 308 309
Pacific Mail 800 2f 19 20
Pacific T & T... 200 29 23 28
do preferred Si)
Penn R R Co... .3.200 107 100 107
Peoples Oas 100 107 107 10 1
Reading 132,900 157 154 156
Republic S & I.. 900 20 19 20
Rock Island Co.. 4,400 15 14 35
South Pac Com.. 14,000 94 92 93
Eouthern Railway 1,800 22 21 21
Texas Oil 400 103 102 101
Union Pacific. . .70,600 144 142 143
do preferred.. 2O0 83 82 82
Uni Rds of S F. 300 21 20 19
U S Steal Cor...l58.50O f6 54 Ro
do preferred... 2.100 305 104 104&
Utah Copper 5,800 48 46 47
i Wabash a
I West Union Tel. . 800 64 03 63
Westlngbouse El 1,800 59 58 68
.Reported by Overbeck & Cooke Co.
of Trade building, t'oniana.
. 91 i2
. 91 01
. P5 96
. 60 56
. 94 04
. 71 72
. 93 1)3
. 5 07
. 91 93
. 03 93
. fcS Stt
. 90 92
. 97 97
. 99 100
. 93 93
. ftK tS
. SS S9
. 57 5S
. 90 91
. 99 "i ICO
. 94 95
.. 62 53
. 7a so
, .100 300
, . IOO ....
. .IOH 103
Atchison general 4s
Atlantic Coast Line first 4s...
Baltimore st Ohjo gold 4s.....
Chesapeake & Ohio 4a
C M Ac St P gen 4s
Cal Oas 6s
C B Q olnt 4
Erie general 4s
Int Met 4s
Louisville & Nashville unl 4s.
Missouri Pnclfic 4s;
N & W first con 4
Northern Pacific 4s ; - -
Oregon Short Line ref 4s
Oregon Railway Nav 4s
Pacific Tel 6s
Penna con 4s
Reading general 4s
St L & S F ref 4s
Southern pacific ref 4s........
Southern Railway 4s
1 'nited Railway Inv 4s
Union Pacific first and ref 4a,
United States Steel s
West Shore 4s
Wabash 4s -
Wfstinghouse Flee conv 6s...
Wisconsin Central 4s
Western Pacific 5s ,
United States 2's registered
United etates 2s coupon
United. States Ss registered...
United. States. 3s coupon.
United. States 4s registered...
United States 4s coupon
Stocks at Boston.
BOSTON. June 4- Closing quotations:
Allouez SO 'Mohawk 46
Amalg Copper.. 6S
A Z L & ra... 2V
Arizona Com .. 2
B & C C & S M. 10
Cal & Arizona.. 62
Cal A Hecla 435
Cop Ran Con Co 40
E Butte Cop M. 10
Oiroux Con .... 1
Granby Con ... 5S
Nevada Con .... 15
Nipissing Mines. e
North Butte.. 28
uia i.ommion . . . io
Shannon ....... 8
Sup & Bos Mln.. 2
U S S R & M- . . 37
reene Cananea. V
do preferred... 4o
I Royaiie Copj iw'A uian uon
Kerr Iake 3 Utah Copper Co. 46
Lake Copper.... 9 Winona 1
La Salle Cooper . t W oiverine
Miami Copper 21',
Condition of the Treasury.
WASHINGTON. June 4. The condition of
the United State Treasury at the begin
ning of business today was:
Working balance $ 62, 788. 772
In banks and pmituDinei reasury .6.6.S9S
Total general fund 135,717.842
Receipts yesteraay aPi)o,bj4
Surplus this fiscal year 8.199,856
Deficit last year 5,282.316
The figures for receipts and disburse
ments, surplus and deficit exclude Panama
Canal and public cent transactions.
- Money. Exchange, Etc.
NEW TORK. June 4. Money on call
steady. 2 2 ; ruling rate. 2 : closing
bids. 2; offered at 2. Time loans fiijner,
60 daya, 4'&4 per cent; 90 days, 4; six
months. 5. Prime mercantile paper, 5
Sterling exchange steady, with actual bus
iness In bankers' bills at $4.8310 for 60-day
bills, and at $4.S675 for demand.
Commercial bills $4.82.
Bar silver 60c.
Mexican dollars 48c.
Government -bonds steady; railroad bonds
LONDON, June 4. Bar silver stpady,
27 ll-16d per ounce. Money, 3 per
cent. The rate of discount in the open
market for short bills Is 8 15-16 4 per cent.
The rate of discount in the open market
for three months bills Is 3 04 per cent.
SAN FRANCISCO, June 4. Silver bars
Mexican dollars Nominal.
Drafts Sight. 3c; do., telegraph 6c
Sterling in London, 60 days, 4 S3 ; do.,
SAVANNAH. Ga June 4. Turpentine
Firm, 46c; sales. 1625; receipts, 193S; ship
ments. 941; stocks, 24,355. wi
Rosin Firm; sales, none: receipts, 650:;
shipments 267; stocks, 91.931. Quote: A, Bt
$4.55; C, D, $4.60; E. $4.65; F, $4.75; G,
$4.7; TT. $4.80; I, $4.90; K. 95.20; Mt $5.65;
N, $6.35; WG, $3.70; WW, $d.S5.
SAN FRANCISCO PRODUCE MARKET.
Prices Quoted at the Bay City for Vegeta
ble. Fruits. Etc
SAN FRANCISCO, June 4. The follow
ing produce prices were current here today:
Fruit Apples, 75c$$1.50; Mexican limes.
$6.a07.50; California lemons, choice. $5.60;
common. $4 4.50; pineapples, $23.
Potatoes Oregon Burbanlta. 55 (g. 65c; Riv
er Burbanks, 5075o; new, 12o;
sweets, 4 ftSc,
Cheese New, 14(&14c; Tounr Americas,
Egge Store, 22c; fancy ranch, 24c.
Hay Wheat, 2325: wheat and oats.
$21.50 g 22; alfalfa. $12 14.
Butter Fancy creamery, 27c; seconds,
Vegetables Cucumbers. 75e $1.75 ; green
peas, fusws; string beane, 54Sc; egg
plant. 20 25c
Onions New, red, 55 65c per sack; Ber
muda seed, yellow, 75c $1.60; Australian,
$3.50(f4 per cental.
Receipts Flour, 582S quarter sacks; bar
ley. 368o centals; potatoes, 2090 sacks; hay.
Coffee and Sugar.
AEW YORK, June 4. Coffee futures
openeu oaxeiy steady at a decline of 21 to
25 points, under renewed selling for both
iocai and foreign account. While prices
rallied 3 or 4 points from the lowest dur
ing the middle of the day on covering, the
marxet necame weak and unsettled again
wnn active montns selling about 26 to 2S
points under the closing figures of last
night and into new low ground for the
season, under stop orders and llauidatlon.
The close was steady. Sales, 126,250 bags.
.sfsr; Juiy, v.v ic; September, 10.16c;
October, 10.16c; December. 10.18c; January,
10.19c; March, 10.23o; May 10.35c.
Spot unsettled. Rio 7s. 10 c : Santos in
1212c; mild quiet; Cordova, 1417c
Sugar Raw firm. Muscovado. S.83o; cen
trifugal, 3.33c; molasses. 2.5c; refined
BEST GRADES STEADY
BUYERS BIDDIG FVJjJj PTtTCES
FOR. QUAHTT STOCK.
Choice Steers Moving at $S.35 and
$8.2 5 at Yards- Top Hogra
Hold at $8.55.
There was a fairly steady market in all
lines at the stockyards yesterday. Sheep
continue to come forward freely.
In the steer division top grade stock was
taken at 53.35 and $8.25, and medium qual
ity at $7.25. Cows sold at $6 to $7 and
hoifers brought 56 and $0.50.
Only two full load of hogs were dlsoosed
of, and these went at S8.55, the current top
price. A few heavy hogs were sold at $7.75.
Hheep buyers were ready to pay full prices
for desirable quality, a shown by sales of
yearlings at $5.75 and lambs at $7. but a
considerable proportion of the recent arrivals
have been off grade.
Receipts were 256 cattle, 599 hogs and
Shippers were: Oak Island Land Comnanv.
by boat. SO cattle; M. Hoctor, Goldendale. 1
car of sheep and hogs; L. McCredie, Roose
velt, Wash., 1 car of hogs; Frank Wann,
Canby, 1 car of sheep; T. A. Kline, Cor
vallis, 4 cars of sheep; H. A. Tocom, Tarn
hill, 1 car of sheep and hogs: J. B. Savior,
Echo. 4 cars of cattle: R. N. Stanfield. Stan-
field and Castle Rock. 3 care of sheep; J. A.
Martin. JtsiacKioot ana Shelley. Idaho. 2 cars
of hogs: D. W. Owen, Idaho Falls, 2 cars of
hogs; Don Halligan, Lima, Mont.. 8 cars of
cattle, and James Wilson. Shaniko, 2 cars
The day's sales were as follows:
29 eteers 3193 $8.35
zo cows 1014
25 cows 1013
15 steers Sft
1 bull 1450
5 heifers 7''S
5 heifers ..................... 744
1 bull 840
1 cow 3 050
1 cow llfio
12 steers 3007
f steers 95S
26 steers 1355
26 steers 3 ISO
8 cows 1073
0 cows ..115
1 calf 420
9 mixed sheep . 95
B mixed sheep 118
6 mixed sheep- ................ 95
124 yearlings .. ...............
34 cull lambs
1 nog .-
The range of prices at the
. 13 7
Choice steers $8.00(3)8.35
liooa steers i.Qvov
Medium steers 7.25-3) 7.50
(jnoice cows 7.zrrr 7.50
Good cows ., 6.S03 7.00
Medium cows ft.000 S.50
Choice calves 8.00 9L0O
Good heavy calves....... 7.50
Bulls 6.25(tf 6 50
Light S.25 S.55
Heavy 7.000 7.50
Wethers 5.00 a 6.00
Ewes 3.85 5.00
Lambs 5.55 7.00
Chicago Livestock Market. ,
CHICAOO, June 4- Cattle Receipts,
16.WO; market steaay to a snaae nigner.
Western steers, $6.8o8.00; stockers and
feeders, $5.90 8.05: cows and heifers, $3.65
&7.9: calves, ji.voii.w.
Hoes Receints. 38,000 ; 'market slow
lower. Lisht. 8.40'a S-67 ; mixed. $S.40'&
heavv. SS.lOfif S.tfO; rouc:h, $S. 1 5 tr 8.30
nlep. S3. 60 a 8. 30 : bulk of sales. SS.558.65.
Sheep Receipts, 20,000: market steady to
lOc lower. Native, S4.5 5.t; Western,
X4 flflfffS n? vwirlincs. S5.4 6.8K : lambs.
native, $5.30i 7.35; Western, $5.50& 7.35;
spring, $6.0031 S. To.
Omaha Livestock Market.
POUTH OMAHA. June 4. Cattle Re
celpts. 2500; steady. Native steers, $7.25ti
S fill! rtw.-R nnrl heifers. S6.26(7.7&C West
orn steers. $6.758-00; Teotas eteers S-0O
7.40; range cows and heifers, $5.75 7.1:5;
calves. S7T00 Si 10.00.
Hogs Receipts, 13.500; market Be to 10c
lower. Heavv. ss.ioats.zo: lignt. ss.-jdm o.ao
pigs. $7.008.00: bulk of sales. $8.208.25.
BnBep KeceipiB, duv; Eteauy. leanings,
$5.756 6.50; wethers, $5.505.80; lambs.
Total of 600,000 Pounds Ilspoed of to
BOISE. Idaho, June 4. CSpeciaL) One
of the largest wool sales In Idaho since buy
ing opened this year took place at Moun
tain Homo today when 600.000 pounds of
this year's clip was sold at prices ranging
from 13 to 16 cents to Eastern buyers. The
clip represented a pool of a number of
growers, the largest amount sold by any
one grower being the clip of benator Worth
Lee. of Mountain Home. The wool was sold
entirely on Its merits and as It was of good
quality bidding among Duyers was crisp.
Growers have about completed shearing
and the clip is being stoi ed by many of
them to await more favorable prices. They
believe that good quality wool from this
year's clip should bring a better' price than
16 cents, now apparently the maximum, and
as they are confident the buyers will - pay
better prices they are. willing' to take their
chances by waiting. A number of the large
sheepmen, however, are willing to let their
clips go at this price. This fact. It la be
lieved, is established by the sale at Moun
tain Home today.
Chicago Dairy Produce.
CHICAGO, June 4. Butter Irregular.
Creameries. 25 $3. Z c.
Eggs Irregular. Receipts. 22.653 cases
at mark, cases Included, 16 17 c: ordi
nary firsts. I54i7c: firsts. 17 -Sr. Cj- isc
Cheese Firmer. Daisies, 1 5 &. 15 c ; twins,
14 V 14 c ; young Americas, 14 14 c
long horns, lOig-iouc-
. Duluth Unseed Market,
DTJLTjTH. June 4. Linseed. $1.29; Jnly.
$1.29 asked; September. $1.11 ; Octo-
DCr, .L.3Ug. .
Dried Frutt at Kew York.
NEW TORK. June 4. Evaporated apples
quiet, rrunei nrm. rescues more active.
Hops at New Torlc .
NTEW TORK. June 4. Hops easy. State
common to- choice 1912, 15 21c; Pacific
coast l-ui-. ia u ic.
In the recent automobile race around
eidly the only car that endured the Jolt
infr over the bad roads without a broken
spring or a loosened screw was of Amer
REACTION Ifl WHEAT
Heavy Selling Carries Down All
- Options at Chicago.
REFLECT STOCK MOVEMENT
Prospects of Free Wheat and Corn
Imports From Canada Also Have
Depressing Effect on
CHICAGO. Jane 4. Wheat r rices tumbled
today, mainry because of the break In the
stock market. The close was nervous. o
to lc under last night. In corn there was
a net loss of o to c, and for oats
c to c. The outcome as to pro
visions varied from 7c decline to an ad
vance of 2c.
w neat prices at first were higher, but
new investment demands were soon aatiKfieri
and when owners evidenced a tendency to
realize on holdings the market bulked.
Serious reduction in Kansas and Oklahoma
crop estimates lea to a temporary upturn at
this Juncture, hut the depression in Wall
street quictciy acted as more than an off
set. Stop-loss orders swept a great deal of
wheat into the nit. esoeciallv In the lt
hours, until some good-sized purchases by
wmiiiiiwion iinns just oefore the close halted
the stampede. The rally, however, was not
Impressive, and attention in the end dwelt
mostly on the financial situation and Wash
ington reports or "free wheat1
Primary receipts of wheat were larare at
aiMs.uuu Dusneis against 25S.O00 bushels
year ago. Seaboard clearances of wheat and
riour equalled &S2.000 bushels.
Corn reacted with wheat after tnnphfn
the highest level of the season. The early
aavance was aue cnietly to covering by be
lated shorts. Hedging sales and chances of
imports from Canada formed" the principal
weigui on o&is.
In provisions some strength developed.
owing to the com bulge. Heaviness was the
rule later in line with all the other staples
The leading futures ranged as follows;
Open. High. Low. Close,
-Ul" 9 .31 $ .89 s .89
.. .80 .Pl .89 .89
.. .53 .E9
.. .63 .fiO
. . .57 .&7
.. .29 .r.9
.. .38 .38
- .$8 .38
11. BO 11.B3 1
11.22 11.27 I
: No. 5 white.
July ' 10.2 10.97
sept 1L00 11.07
Oct 10.90 10.97;.
July 11.62 11.62
Sept. 1L25 11.35
( ash prices were:
Corn NTo. 1. Z9it?tllftr
6O(?r60ic; No. 2 yellow. 594?59c; No.
3. 59$i59o; No. 3 white. 60tf?60c; No.
3 yellow, 59ifi59c; No. 4, 5$&'59c;
No. 4 white, 6'J5yc; No. 4 yellow, 58
Rye. No. 2, 63'?63c.
Rarley. 50 67c.
Minneapolis Grain Market.
MINNEAPOLIS. .Tun. A. nn.- Tin, .
July, SBc; Sept.. 0Oc. Cash. No. 1 hard.
91c; No. 1 Northern. 80391c; No. 2
Northern. 8889c; No. 2 hard Montana.
90&tflc; No. 3 wheat. 8687c.
Kuropeaa Grain Markets.
LONDON. June 4. Cargoes on
buyers hold off.
Lnglish country markets oulet: Fremrh
country markets quiet. .
LIVERPOOL. June 4. Wheat Snot
steady. Futures steady. July, 7s, 5d; Oc
tober, 7s, 3d; December, 7s, 3d.
Grains Ins San 'Francisco.
SAN FRANCISCO. Jnn 4 rota
tions: Walla Walla, $1.66 1.67 ; red
Russian, $1.651.66; Turkey red. $1.75
1.77 ; bluestem. $1.75 1. SO: feed barlev.
$1.42 V. 1.45: brewlne- Sl.S'Uiffli f,?; whita
oats. $1.60 1.62 ; bran, $27.50 28; mid
dlings, $32. 50 6 33; shorts, $2929.50; June
hariey. 81.42 hid, $1.46 asked; July, bar
ley, $1.88 bid, $1.40 asked.
can board sales:
Barley, easy. IDeoember. 1.42 14 mf cn.
tal: May. SI. 44 Ui asked tier cent AJ : .Tun
$1.36 bid, $1.42 asked per cental; July,
i.js ma, fi.tu asKeu per cental.
Puget Sound Wheat Market.
SEATTLE, Wash.. June 4. Wheat Blue-
stem, 9&c; fortyfold, 3c; club, 92c; fife,
92c; red Russian. 90c.
Yesterday's car receints Wheat 10 nat a
barley 9, hay 9, flour 3.
TACOMA. Wash,. June 4. Wheat T?1ua-
stem, 9c; fortyfold, 4c; club, 9Sc: red fife,
Car receipts Wheat IS. oats 1, hay 3.
OLD INDIAN MADE TARGET
Dispute Over Line Fences Causes
Trouble and Arrest Follows.
GOLDENDALE. 'Wash.. June 4.
(Special.) A dispute over line fences
in the Indian settlement at the heart
of Squaw Creek, in Eastern Klickitat,
lea Charlie Pistolhead into a vicious
attack on Peter Tumhax with an ax
yesterday. Tumlin -was on a horse
when attacked and escaped with his
life by putting? spurs to the animal
and dashing- away. Ha was struck
on the head, back and arm with the
blunt side of the axe and his horse
received a long, deep cut on the hip
wnue ne was getting- out of the reach
of the infuriated redskin.
Tumhax Is a successful Indian farm
er. 67 years old, and It Is said that
the youngrer generation of pndians,
who are mostly lazy and indolent, are
Jealous of him. Tumhax says that
Pistolhead has threatened to kill him
several times. He told the Sheriff that
if he had had a weapon of any kind
with which to defend himself the story
would have been different, despite his
advanced age. The Prosecuting At
torney issued a warrant for Pistolhead
and the Sheriff went after him today.
Lightning Stuns Engineer.
TRUCKER, CaL, June '4. Peter Fay,
a Southern Pacific freight engineer, was
the victim or an unusual accident Mon
day night, when he was knocked from
his seat in the cab by "a bolt of light
ning that struck the enow sheds near
Summit. Fay was thrown against the
Your taxes are high
enough to make ex
; paving material un
has been PROVEN
economical and re
Boost for it and keep
repair bills down.
First National Bank
Oldest National Bank West of ths
CORNER FIRST AJJT5 WASHINGTON ST 3.
Capital Stock $1,000,000.00
Surplus and Undivided Profits.. 1,000,000.00
Commercial and Savings Accounts
Letters of credit, drafts and travelers' checks issued, available
in all parts of the world.
M. Ladd. President. Rohert 8. Howard. Asst. CaahU
f-award Cooking-ham. Vlea-Fraa J. w. Ladd. Asst. Cashier,
v. . li. Duacklsy. Cashlsr. Waltr M. Cook. Asst. Cashisr.
The Bank of Personal Service
Our service is an indiA-idual one, each officer and
clerk taking a personal interest in all business en
trusted to our care.
Merchants National Bank
Under Government Supervision
Founded 1886 Washington and Fourth Streets
1111 t 1 & 1 ULS&s
11 y ..Lsiff
o " La
t FRANCE (new) June
I. A ..J1I. .Mlly
I.A FKOVKXCE July
LA LUKKA1M: July 1 tQuadruple-Bcrew steajner.
(iPECIAL SATURDAY SAJI.INOS FROM NEW YORK. 3 P. M.
UNK CLASS CABIN (II) and THIRD-CLASS Passengers Only.
'Niagara June SI CHICAfiO Jane 26
C. Stinger, 80 th t.; A. I. Charlton, :!35 Morrison St.: J. O. Thomas. C.
M. & Ht. 1. By.; Dorsey li. Smitb. K5th St.: A. C taheldon. 1H) 3l St.: H.
Dickson. 122 ad nt.: North Bank Koad. stli and Stark ett... nerents. Portland.
TRANS -ATLANTIC LINES
ATLANTIC TRANSPORT LINE
New Vork London Direct
RED STAR LINE
Xew York Dover Antwerp
WHITE STAR LINE
New "York Queen atown Liverpool
Cruises New York and Boston Mediterranean Egypt.
A. E. DISNEY. PASS. AGT., 619 SECOND AVE., DOORS FROM
SEATTLE, Or Local Railway and Steamship Agents.
boiler with such force as to stun him,
and only the quick -work of the fire
man, who jumped to his rescue, saved
Fay from being horribly burned.
Clackamas Would Raise Pay.
SALEM, Or., June 4. (Special.) Sec
retary of State Olcott was advised to
day that a petition had been filed with
County Clerk Mulvey, of Clackamas
County, to refer a bill increasing the
salary of the County School Superin
tendent of that county from $1000 a
year to $1800. T. J. Gary, the superin
tendent, is regarded as one of the most
proficient men in the state In his line
of work, and his friends say the people
of Clackamas County will approve the
law. The three School Supervisors,
working under him, receive $1000 a
year and traveling expenses.
ffoxZ, .Bacon & "5?avts
ENQINEERINQ REPORTS .
VALUATIONS OF RAILROADS
SS Btl'l'l'li.R ST.,
i.Wii9Uk i inu ana e
PUBLIO 8ERVICE PROPERTIES
FINANCED and MANACED
SO Pin Street New York
STOCKSL BONDS, GKAIX AND COTTOS
KKW TOSS STOCK KXCHAJCOn
kIW TORK COTTON KICHAMb
CU1CAOO BOIED OF TBAOI,
THX STOCK AMD BOND arjitvo
Lewis Building, 269 Oak Street,
fhonea Marshall 4120. A 4187
COOS BAY LINE
aTEAHBHIF BEAK WATER"
sails from Albers Dock, No. 3, Portland, at S
A. M. June 4, 9, 14, 19, 24. 29. July 4. 9.
14, 19. 24. 29. thereafter every five days, o
A. M. Frelsnt received flailv until 5 P. M
except day previous to sailing, previous day
tr. m. rMHnger zares: tnrsi-ciasa, I " ;
second-c'ass. 7, Including- berth and meals.
Ticket office at Albers Dock No. 3.
POETLAXn At COOS BAT 8. 8. I.rVE, t.
H. KKAT1.NO, Agent. l'bone Mala 6S3,
Gene rale Transatlairtique
Direct Line to Hmvrw-Pmrla (Franc)
New Torlc every Thursday atlojLM.
Lorraine, Thursday, June 19
2B t'KANCK (new)
3 1..V SAOIK.
bailing Every Tuesday From Montreal
By the LARGEST CANADIAN LINERS
- Including- tbe
Canada. June 1? Meaantlc, J one 24
Teutonic. July 1 Laurentic, July 8
Send for folders of the Sbort LandV
locked St. lswrenc Route to Europe.
XCEPTIONAL SECOND CLASS
BY BOSTON SERVICE
Th S. S. CLEVELAND. CINCIN
NATI and BLIKCHKR are ships of
unusual tonnage, providing- spacious
cabins, staterooms, and deck space.
The Second Cabin accommodations
compare favorably In comfort and
luxury with the first cabins of ves
sels of less tonnage.
From BOSTON to
LODOX PARIS HAMBURG
Blaerher June 24
Cincinnati July 12
Cleveland July 29
Cincinnati Aoxast 10
ISO Towell st., San Francisco, Cal.; O.-W.
R. A N. Co.. Nor. Pacific. O. & R. G. R. Tt .
Burlington Route, Milwaukee & Puget Sotin-1
R. R., Great Northern Ra-ilway Co.. Dorsey
R Smith. 6 5th St., Portland, Oregon.
TAHITI AND NEW ZEALAND.
Round Trip Ktr: 1st elses to Tshitl $135,
to Wellington .267.50, to bjdney $300.
Special I'ajClflc Ocean Tour (including
South ties Isles) to Sydney via Tahiti, R&rn
tonga and New Zealand and returning- to
San Francisco (or Vancouver) via Auckland,
Fiji or Samoa and Honolulu, $325. 1st class.
Stop-overs any point, sood one year. Sail
ings from. Sun Francisco Jtxne 20, July i3.
Ausust 20, etc.
Union Steamship Co. of New Zealand, I-td.
Office: 870 Market Street. 6 an Francisco.
- LOS ANGELES AND SAM DtEOO
STEAMSHIPS TALE AND ILABVAJID
Railroad or any at.amer to Baa Francisco,
tbe Expo City. Lmrzest. fastest and tba
ONLY strictly rlrst-class passengsr ships on
tbe Coast. Average speed 2& miles
boor; cost $2,000,000 eacb.
SAM XTBANCLSCO, IOKILAXD at X. A.
8. S. CO..
Main as. Frank Bollam. A rent. A 459
124 Third street.
Aad All Drnaillaa Perls
Large. Kew and Fast P.wepger Steamers from
IVew York every alternate Sauuuay.
IT DAYS TO RIO JANEIRO.
DAYS TO BtTEHOS AYREs.
rr i In u .ndih.rirtrtkfMii
fWWJW TT HT Qp -
EXPRESS STEAMERS FOR
Saa Francisco and Los Angeles
8. B. BEAR Sails 9 A. M.. June 8.
S. S. ROitE CITT Sails June 11.
THE SAN FRANCISCO PORTLAND 8. 8.
CO.. Ticket Office Sd and Waxlilngton (wita
O.-W. R. sV N. Co.)
Phone Marshall 4SO0. A 0121.
San Francisco, Los Angele'n
and San Diego Direct;
S. S. Boanoke and S. S. Elder.
ad very Wedaesday Altamately a
NORTH PACiriO S. S. CO.
TH A Thisd Ht- Pheaes Mala lgls. A 1114J