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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 12, 1913)
THE SfORXIXG OREGON7A5. THURSDAY, JUNE 12. 1913. 19 L AT BOTTOM American Market Down to Ex port Basis. BUYING FOR BRADFORD Million Pounds of All Grades Pur crwised for Shipment to England. Orpjron Market Is Steady and TTnchanged. Wool prices ara holding very steady In Oregron. The market now Is on & par with opening prices paid at Pilot Rock. The gen eral range In Eastern Oregon Is from : to 15 H cents. These prices are 2 to 3 cents In the grease lower than prevailed laet year. Oregon growers up to this time have sold quite freely at the public tales. Outside of about 120.000 pounds that were consigned by Baker sheep men to Chicago no wool has been sent east on consignment. In other sections of the West trading Is not very active. In the Triangle sales have thus far been too small to establish values. In Texas Eastern buyers are not yet ready to operate freely. The same is true in a measure of California. In the Territory sec tions a much better feeling seems to prevail. Many are of the opinion that prices on moat grades have about reached their lowest level, and the fact that quite a lot of wool has been sold for export Indicates that present quotations are dmrn to a level where they compare closely with prices abroad. Mail advices from Boston say of the ex port business: "Good -sized blocks of domestic wool have been sold to an English broker for ship ment to Bradford. Current rumor hae It that the amount Is well up to half a mil lion pounds. Including California Spring wools, both in the grease and scoured. Ter ritory wools and pulled wools of various grades. The estimated scoured cost laid down In Bradford 1s 47 cent. Similar pur chases were made by the same party sev eral years ago, therefore the -buyer knows what to expect. The previous sales were reported not to have resulted very well, as the scouring shrinkage Is somewhat greater In Bradford than on this side of the water. Members of the trade are pointing to this as proof positive that the Boston market is now down to the importing point, particu larly on the grades of wool Included. Cer tainly the Boston market la down to the level of 46 to 60 cents per scoured pound for fine and tine medium clothing wools." WHEAT STOCKS BEING WORKED OFF California Still Buying mt Old Price Blue stem In o Demand. There were no new developments In the wheat market. Trade was quiet, as Is to be expected under the circumstances. The dealers are putting In their time cleaning up their stocks, and have no difficulty in find ing buyers in the South for club, forty-fold and red at about the same prices that havo prevailed for the past two weeks. Bluestem is weak, as there is almost no demand for whtt little is left. Local receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday 26 7 10 fl IS Tuesday 1 2 5 4 14 Wednesday SO 3 11 11 9 Voar Hgo 11 .... 2 1 4, Season to date. IT,1 2811 2502 1567 2246 Year ago .14.300 332 3444 1566 2784 HALF HOLIDAY ON STREET TODAY Strawberry Market Is Firmer Texas Toma toes I Hie. In view of the half holiday tomorrow, an nounced by the retailers and Front-atreet houses, buying In the produce district was light. The principal purchasing was done by the fruit stands. The strawberry market was firmer, open ing at SI to $,1.25 on the farmers market In the morning. There was a good cleanup of berries on the street. Receipts of Cali fornia fruits were light. Apricots were In fair supply, but have not begun to move freely. A car of Texas tomatoes Is due today. They will sell at $2.35 a crate. A ship ment of new white potatoes arrived from Los Angeles and were quote at 3 cents. Wool at Ontario. ONTARIO, Or., June 11. (Special.) The second wool sale was held here today and 823,000 pounds were sold at prices ranging from 124 to 14 H cents. The wool offered today was not so good as that offered on Monday. General conditions In Eastern mar kets had a depressing effect on prices here today. At the sale at Vale yesterday 40,000 pounds were sold. About 750,000 pounds are here yet unsold. Poultry Supply Is Larger. The street was wo 11 supplied with poul try and dressed meats yesterday. Chickens sold well, especially broilers. The market for hens has a weaker undertone. Veal was firm, but pork was rather slow sale. Egg receipts are steadily diminishing and the market Is firmer, especially on can dled stock. Butter and cheese were unchanged. Brewer'n Contract Signed. About 15o bales of States have been pur chased by local dealers of various grades within the range of current quotations, says the New York Journal of Commerce. Stocks are so small that there is little to choose from, it was reported from the West that .one large Middle Western brewer has within a day or two signed a contract for Pacific Coast hops to run for five years at 17 a pound for the crops 1913 to 191T, inclusive. Hood Ulver herr.cn Large Slxe. HOOD RIVER. Or., June 11. Special. ) Hood River Valley cherries arc beginning to ripen. The small pie cherries are making their appearance on the Jocal market, and within a week Royal Anns and the other large table cherries will be ready for com mercial shipments. While the fruit will not yield in any large quantity this year, the size will be extraordinarily large. Bank Clearing. Bank clearings of the Northwestern cities i csitrus) writ' tt? loi.us Ctosurtxassa. aiinn Portland Seattle . . . . !'cuma . . . Spokane . . 32,:iSS.03 12Sn.2fio 2.-94,712 262.0.12 8W,W1 ll.l.fi SSI.tiS-..' 111,300 JTO RTLA.ND MARKETS. Grain. Flour. Feed. Etc. WHEAT Track prices: Club, s3c: blue stem, u;8c; 40-fold, 04c; red Russian 9mi Yalle. D4c. FLOUR patents. I4.T0 per barrel; Straights. $4.10; exports, S3.S503.93; vall. M-tfl; graham, $4.60; whole wheat. 14.80. OATS No. 1 white. $32 per ton; stained and off grada, less. OORN Whole, 2S.30; cracked. ?29.B0 Dr ten. MILLSTUm-Brau. $24.30r23 per ton; airts. s20.M4j 2T per ton; middlings. 131 per ton. BAR LET Feed, $20.502" per ton; brew ing, nominal; rolled. $28.50 , 29.30 per ton. ,AY Eastern Oregon timothy, cnolce, 61aiH per ton; alfalfa, 13yl4 Fruit, and Vegetables. Local Jobbing quotations: TROF1CAL FRUITS Oranges. Navels. l-' Plo-"ld grapefruit. S5.5Q T.25; 2s?ound Pr bx: DtoP1". Si's Nftw rd- J1--5 per sack 'ETA-BLEB Artichokes. 75c per dosen; KXeI Or0B- StK-tASl.OO per dosen; oean ti tt,c pound; cabbage. tUCe , Per pound. cauliflower. 52 per cr.-ul i.?..?., encumbers. $2.50 per box! esbt'.ant. RC pound; head lettuo, 2.6l nT lat"' peaa- 7H10c per lb.; peppers. 2L.P . .pound: dihes. 1012c per dozen, rhuharb. 12C per pound; eptoaih. Ir;nP,rTX: tomilOM. 2.25e5 per box; gar.K. i 4; So per pound. POTATOES' Burba nit. 0e5Oc per hua flred; new, 2 3ff3c per pounds v-v..- ruii-Appies, new, $1.73 per WOO box; old, nominal; strawberries, V : per crate; cherries, Sl2c per pound; goose berries, 2 (g 4c per pound; apricots, $1.25 p l.BO per box ; watermelons. Be per pound ; peaches. $1.50 per box; loganberries. $1.50 per crate; blackberries, $1.30 per crate; rasp berries. $1.50 per crate. SACK VEGETABLES New California. $2 per sack. Staple Groceries. Local fobbing quotations: SALMON Columbia River, one-pound talis, $2.23 per dozen; half-pounl flats $1.40; one-pound flats. $2.45; Alaska pink, one-pound tails, 86c ; silvers Ides, one-pound talis, $1.25. HONEY Choice, $3.2503.75 per case. NUTS Walnuts, ISc per pound; Braill nuts, 2 015c; filberts. 14015c; almonds. ISc: peanuts. 5 3? 5 'c : cocoanuts. 90cs9$l per dosen; chestnuts. 11c per pound; hick cry nuts, 8 10c ; pecans, 17c ; pine, 17 H 2Qc. BEANS Small white, 6c; large white, c; Lima, Q.aOc; pink. 4fcc; Mexican, 5c; bayou, 44c SUGAR Fruit and bsrry. $5.15; Honolulu plantation. $5.10; beet, $4.95; extra C, C4-65; powdered. barrels. $5.40; cubes, barrels, $5.50. COFFEE Roasted, !n drums, 21 H 040c per pound. SALT Granulated. $14 per ton; half ground 100a, $10 per ton; 50s, $10.75 per ton; dairy. $12.50 per ton. RICE No. 1 Japan, 55c: cheaper grades, 4c; Southern head, 3 $ 6 c. DRIED FRUITS Applea. 10c per pound; apricots. 12014c; peaches. S0lic; prunes, Italians, 8010c, silver, lbc; figs, white and black, 64 7c ; currants, 9 He; raisins, loose Muscatel. 34 OTHc; bleached, Thompson U&c; unbleached. Sultanas, 8c; seeded. "H8Hc; dates. Persian, 7 08c per pound; fard, $l.-jr per box. FIGS Twelve 10-ounce, 85c; 50 6-ounc. $1.85; TO 4 -our.ee, $2.50; 30 10-ounc. $2.25; loose. 50-pound boxes, tJOTc; Smyrna, boxes, $1.1001.25: candled. $3 per box. SHEEP AND HOGS EASY FORMER: PKIOH6 NOT OBTAIN ABLE AT STOCKrABDS. Good' Steers Still Selling at Eight Cents Pay's Run Is Small. The livestock market was without spe cial feature yesterday. The run was small and trade was quiet. Cattle held steady, but hogs and sheep were easy. The condition of the cattle market was shown by the sale of two loads of choice steers at $8. A small load of medium cows brought $5.75. The top price current In the hog market was $8.30, as against $8.30 at the opening of the week. Heavy hogs sold at S7 to J7.20. Lambs were a quarter lower, with the sale of a car at $6.50. Mixed lots sold from 83 to 44.25. Receipts were 58 cattle, 48S hogs and 422 sheen. Shippers were L. L. Miller, Nampa, 2 cars of hogs; T. J. "vTedel. Sterling, Idaho, 1 car of hogs; T. R. Belshee, Moro. 1 car of cattle and hogs; Chris Larsen, Roosevelt, "Wash.. 1 car of hogs; W. J. Snougraos. Brownsville, .1 car of sheep; IX. H. Parmer. McCoy, 1 car sheep and hogs; J. D. EMnsmore, Salem, 2 cars of sheep, and Portland feeder Co., by boat, 51 cattle. The clay's sales were as follows: Weight. Price 32 cows n,81 ,B.7S 202 mixed sheep no -a,25 52 mixed sheep ion 4 zZ 2 hogs 340 7;2l 08 hogs j8- 8.2o ,7 hogs SU0 7.00 i hogs 123 7.75 ZZ 5og3 T...Z 115 7.76 '5 J)0" 178 8.00 J 5E 255 7.15 18 hoes .. 175 s.15 4j mixed sheep no 4.00 u" ;o8s in s 20 A 5" 880 7.20 If !L - V 1S 8-2 28 mixed sheep ............. 84 300 20 mixed sheep so 3.50 .0 steers 11B0 s i ?er? -v.; 3m fc-oo ? i?'r;ea c-,tl lion 6.75 1 bull 1550 e'2j The range of prices at the yards was at follows: Medium steers MY.M: T.SoS 7.20 Choice cow, 6 50e 7 ou JESS COWa 6.25 6.50 Choice calves S.OO 9.00 2 heavy calves .v .7 750 Hogs--" 4.00 6.00 yht 8.00 S.20 HeVy 7.00 7.50 bheep Wethers 5.00 6.00 4.O0 ,5.00 1-ambs 5.5lt 0.5O Omaha Uvestock Market. SOUTH OMAHA, June 11. Cattle Re ceipts, JOO0. steady; native steers, $7.60 8.60; cows and heifers, S8.258.00; Western steers. (!.75S.0o; Texas steers, ioO7 50 JlfooVlOM helters- t;.737.50; oalvea w?-.?,11.-670 hlThr; heavy. 13.40 f-. "s,ht- s-'"rS-55; pigs, 7.00S.0O; bulk of sales, S.455f 8.50. ,,?.,tg7r'lecetP.ts 1200. higher: yearlings. 'S5; wethers, 5.60O.OO; Iambs, $7.50 Chicago Livestock Market. wi?ICAGO- . June ll- Cattle Receipts, 14.000. market strong to 10c up beeves. 7.208.85; Texas steers, 16.70 7 75 Western steers. 6.S5Si;S,00; stockers ani rSUr' ?.2"'S.25; cows and heifers, 13.05 8.0J; calves. $7.7510.75. Hogs Receipts. 27.000; market strong, 5c higher-light, 008.S5; mixed, S.503S3 5 fj rough, 18.20 8.40; pigs', ..iii8.60; bulk of sales. $8.flo3 80 .,C,'P Receipts, ln.ooo- market steady to strong; native. $5.00B.l6; Western. 5-OOU 5--Ji ;er"nss. $5 50 0.85: lambs, nativ?. famog ghat:- IMtW Sprlng SAN FRANCISCO PRODUCE MARKET. Prices Quoted at the Bay City for Vegeta bles, PVnlts. Etc. SAN FRANCISCO. June IX. The follow ing produce prices were current here today: l.r,ii l7 A.?p,'.'iB- 7,5c ,10; Mexican limes, nominal. California lemons, choice, 17 60 common. 5.:,(i; pineapples, Jl.25fe2.25 Potatoes Oregon Burbanks, 33 65c; Riv er white, 11.0002; Early Rose, 11.25&175; sweets. 44 5c. Cheese New, 14 14 He: Toung Americas, 1 ic. Er Store, 22c; fancy ranch, 23c. .i EfmJP'TSl ,j'-3?',25; wleat and oats, ?21.5o22; alfalfa. fnru 15. 27cBU'ter Fancr creary, 2TMc: seconds. Vegetables Cucumbers, 50c$l; green SSv tt&gl" strlne "ns- 2e6c; Onions New, red. 60 70c per sack; Ber muda seea. white. fl.251.5u. .?ec:lp:", F'our. S328 quarter,; barley, tons c(!n ' Potatoes, 3015 sacks; hay, 2i Metal Markets. NEW YORK. June 11. Copper dull. Stand ard spot and June, 14.'5H.S2c; July and August. 14.O05jH.62; electrolytic. 10.00 15.2ac nominal, lake. 15.00fcl5.87c nominal casting. 14. 75S 15.50c nominal. Tin quiet. Spot. June and July 45.00 45.25c; August. 41'. 20 45.25c. Ud dull, 4.30 4.40c; spelter dull. 5.10 a-20. Antimony dull, Cookson's S.759.0j0c. Iron easy. No. 1 Northern, $16.0tr 1.50; No. 2 Northern, 110.7516.25; No. 1 South ern and No. 1 Southern soft. 113.50 -r 16.00. London markets closed as follows - Copper firm. Spot, 05, 10s: futures. 00. 7s. 6d. Tin strong. Spot 208, Gs; futures 200, 10s. Spelter, 22; 16a, I-ead. 20 7a, d. Iron. Cleveland war rants, ,i4e. 7d. Cotfee and Sucar. NEW YORK, Jane LL Coffee futures opened easy at an advance of six to 10 points as a result of covering, a little buy ing for reaction from the decline of yes terday and In sympathy with a sharp ad vance at Havre. Later cables from Europe were easier and prices here eased off, with the market breaking sharply in the late trading under renewed liquidation and local sel.ing. The close was steady. July, 0.54c; September. 8.74c; December. 8.78c; March, .88c. May. 0.94c. ,..Spotf,te eay- R1 " 10; Santos 4s, i.e. Mild coffee quiet. Cordova, 14017c, nominal. Raw sugar .steady. Muscovado. 2.802-83c- ETSSSSr1- 3-'03-S3c; molasses sugar. 2.5B2.0Sc; refined, steady. Cotton Market. NEW YORK. June 11. Cotton Spot closed quiet. Middling uplands 125- do gulf, 12.50; no sales. ' ' Futures closed steady, T to 11 points lower June 11 85 July 11.03. Angus? 1 "V Sep-' M-lll! 00Sr 11 25, November 11.23, I7ecT7abr 11.2. January 11 12 Feb ruary 11.19, March 11.2S. NEW ORLEANS. TJune 11 Spot cotton quiet, unchanged: middling, 12 a, c; sales, 175 Duluth Ltnseed Market. DULCTH. June 11. Close: Linseed, ri:iOH: July. 11.205; l,i; September, $1.31 bid; October, 1.30"A asked. STOCK MARKET CALM No Excitement in Wall-Street Operations. TRADING ON SMALL SCALE Cheerful Reports From London Cause Strong Opening, but Bear Selling Iater Brings About Break in Values. NEW YORK, June 11. The excitement which attended yesterday's violent break in stocks was absent from todays trading, which was comparatively calm and on a much smaller scale. Some progress was made toward recovery in the early session, but the effect of this movement was nulli nsd by a severe break shortly before the close. Canadian Pacific was the particular point of weakness, falling nearly 8 "points 11a nign price or the day to the low est figure since 1911. Steel sold below 50 for the first time since 1908. Union Pacific dropped to 137. and a number of other new low- records were made with virtually the entire active list selling below yester days close. Bear selling was perhaps the" principal factor in the break, which was a disappoint ment to traders who believed thac a sub stantial rally was due after yesterday's collapse. This belief was strengthened by more cheerful reports from London and the rise In America, stocks there, followed by a material upturn at the opening here. A further favorable factor was the ab sence of European liquidation which has been dragging heavily on this market re cently. London trading here was much smaller, being estimated at about 105.000 shares divided between purchases and sales. Less importance was attached to the Minnesota rate case decision as a market factor and there was some disposition to emphasize the points in the decision over looked at first, which favor the railroads. Conditions In the money msrket came In for considerable discussion. Rates for time loans were stronger and it was said that even these higher rates were nominal, prac tically no time money being offered. Short term note Issues, amounting to nearly $30, 000,000, were announced and it was argued that they would Impose an additional strain upon the money market. Bonds were Irregular. ' Total sales, par. value. J2.400.00O. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Reported by J. C. Wilson & Co.. Lewis building, Portland. Closing Sales. High. Low. Bid. Amal Copper 8T.400 i4V, 2Vi 6214 Am Beet Sugar. 400 21 20 20 A.m Can Co S.2O0 24 21 21 do preferred.. 2.800 83 81 81 Am Car 4k 1 y 3.60O 3g Jot. 3S Am Cotton Oil.. 800 35 35 35 Am Smcl & Re 6,100 60 68 5S do preferred.. 100 7 07 97 Am Sugar 1,400 100 103 104 do preferred.. 500 117 117 110 Am Tel & Tel.. TOO 120 126 126 Am Tobacco . . . 300 206 205 203 Anaconda 1,70( 33 32 82 All Coast Line. . 1.300 115 112 112 A T & Santa Fe 3,5tK) 93 03 93 do preferred.. 400 S 87 97 Bait & Ohio ... 3,300 93 01 81 Brook R Iran.. G.30O 86 84 84 Canadian Pac. . 5,200 217jJ 210 211 0 & O 2.SOO SB 54 64 c & o w 10 C & N W 500 125 125 124 C. M 4k St Paul. 8,200 lol 9 D Central Leather. 1,900 18 17 17 Central of N J. 300 270 275 "273 Chlno 11.UOO 33 31 32 Col Fuel & Iron. 1,400 26 25 23 do preferred uto Col Southern 22 Consol Gas .... 2.200 127 125 125 DL&W ..... stxi D & R G 800 14 18 12 Distilling Secur. 600 10 10 10 Erie O.OOO 22 21 21 General Elec . . 1.40O 133 130 180 Gt North Ore . . 2.2O0 2-7 21i 20 Gt North pf .... 8,000 119 116 117 Illinois Central. - 700 110 110 110 Interbofo Met .. 3,300 13 13 12 do preferred.. 1.700 47 46 4U Inter Harvester, 40O 88 09 08 I tv l. aoutnern .. l.ooo 23 22 23 - - a ... v n .. l -i 7t. .. Louis & Nash.. 2,000 128 120 126 Mexican Central i; M, S P & S S M 1,100 110 115U 112 Mo. Kan A Tex. 300 18 1S 18 Mo Pacific 5,900 20 23 25 National Lead . 43 Nat Biscuit .... 1.20O 105 104 'l04 do preferred 1156 N Y Central ... 2.300 88 87 97 N Y. Ont & Wes 6.700 2G 25 25 Norfolk & West. 2,200 100 89 89 North American Q2 Northern Pao .. 13.800 104 103 103 Pacific Mall .... TOO 17 IT lt. Pacific TAT. 900 25 2 21 do preferred 90 Pennsylvania ... 6.700 108 107 107 People's Gas . . . 600 106 105 105 Reading 6H.300 154 151 151 Republic S & I. 2,300 18 17a 17 Rock Island Co. 2.000 1 3 13 12 Southern Pao .. 7.400 91 89 80 southern Ry ... 2.40, 20 18 1914 Texas Oil 900 04 92 82 Union Pacific .. 54,000 141 137 USU do preferred.. Too 80 80 79 United Rds S F. 300 17 16 15 U S Steel 11O.300 51 4 BO do preferred.. 2.000 103H 102 102 Utah Copper ... 11.100 41 40 40 Wabash 200 2 2 2 Western Union.. 600 flo 59 59 Westing Elec . . 2,100 53 64 53 v Isconsln Cent. .500 41 40 40 Total sales for the day. 567.600 shares. BONDS. Reported by Overbeck & Cooke Company. Board of Trade, building, Portland, Or. , " Bid. Asked. Atchison general 4s 92 92 Atlantic Coast Line 1st 4s 89 B & O Gold 4s post 91 B R T 4s 85 85 Chesapeake & Ohio 4s 114 85 C M ft St P gen 4s 09 99 C R I Col 4S 50 51 California Gas Bs 92 C B Q Joint. 4s 9;;. H" Erie ceri 4s 67 69 Int Met 4s 72 72 Louisville Nashville Un 4s.. . 93 Missouri Pacific 4s G4 S Y gen !s 831 84 N & W 1st con 4s on Northern Pacific 4s . Oregon Short Line ref 4s , 88 " Pacific Tel 5a 86 1'enna Con. 4s 9914 o Reading -n 4, 9 0 St L & San Fran ref 4s or, C7 Southern Pacific ref 4s 87 hi 8SV; Southern Pacific Col 4s o Southern Railway 5s lbi'hi 102H Southern Railway 4s . . . . 73 74 Un Ry Inv 4s $e Ln Pac 1st and ref 4s 80 U S Steel 5s . 874 9714 West Shore 4s 93 84 w abash 4s 47 48 Westinghouse Electric conv 5s ... . 90 isconsin centra: 4s Western Pacific 5s 7; sen Boston Mining Stocks. BOSTON. June ll.-losing quotations- Allouez 2ttlMohawk . 4.1 Amal Copper. . . 62 Xev Con ... . 14 Am Z L & Sm 1S .vlpissing Mines. S Ariz Com 2tt, North Butte .... 23 B 'C J 8 M. A jN'orth Lake 1 Cal & Arlsona.. 57!OItl Dominion 42 Cal & Hecla ...400 psceola . . 75 Centennial 9laulney 44 Cop R Con Co.. 37J5hannon 754 E Butte Co M 11 tt 'superior ... 03 Pranklln f)43up A Bos Mm. ltt Ijlroux Con ... 1 Tamarack 21 3ranby eon 521U a B R & m. . 34 jreene Can .... 5 do pfd 45tt Isle Roy Cop. . 18;Ctah Con Tvl Kerr Lake 3 irtah Cop Co . . 40 Lake Copper .. SH.-Vinona . 1 La Sails Cop 3!Wolverlne 40 Miami Copper . . 20tti Money, Exchange, Etc. NEW YORK. June IX. Money on call steady, 23x62; ruling rate, 2: lowest, 1; cloalnc bid. 2tt ; offered at 2tt Time loans strong. Rates nominal Sixty days. 4 per cent; 90 days. 4 per cent; sla months. 5ttS. Prime mercantile paper, 5s per cent Sterling exchange weak, with actual busi ness in bankers' bills at $4.8250 for 60-dav bills and at $4.8650 for demand. Commercial bills. $4.824. Bar stiver. 50 He Mexican dollars. 4Sc. Government bonds steady; railroad bonds Irregular. LONDON. June 11. -Bar silver dull 27 7-lOd per ounce. Money. 8 per cent. Rate of discount In the open market for short bills is 4 per cent; three months' bills. 4 per cent. EAN FRANCISCO, June 11. Sterlln. on London. GO days. $4.824; do sight. $4.56. Silver bars. 59 c Mexican dollars nom inal. Drafts, sight. 02c; drafts, telegraph, 03c Condition of the Treasury. WASHINGTON. June 11. The condition of the United States Treasury at the be ginning of business today waa: Working balance 59,526,290 In banks and Philippine Treasury 51.344 40s Total of general fund 186,108 412 Receipts yesterday 2.932.675 Disbursements 2.900.302 The surplus this fiscal year Is 18.834.281. as against a deficit of 13.818.644 last year. The figures for receipts, disbursements, surplus and deficit exclude Panama Canal and public debt transactions. Grains In San Francisco. SAN FRANCISCO. June 11. Spot quota tions: Walla Walla, ll.651.66: red Rus sian, 11.63 1. 05: Turkev red, (1.75 177; bluestem, $1.7501. SO; feed barley. tl.40L42: brewing. $1.52". 1.55: white oats, $1.600 1.62H ; bran, 127 27.50; mid dlings, $32.30?r33; shorts, $28.50 29; July barley. $1.34 bid. $1.3S asked. Call Board Wheat, steadv; barley, easy; December, $1.39; May not quoted; July, $1.34 bid. $1.88 asked. Puget Sound Wheat Market. SEATTLE, June 11. Wheat Bluestem. 96c; fortyfold, 03e; club, 82c; Fife, 92c; red Russian, 91c. Yesterday's car receipts: wheat IS. oats 7, hsy 8, barley 2. flour 5, corn 1. TACOMA. June 11. Wheat Bluestem. 99c; fortyfold, 94c; club, 92c: red Fife, 92c. Car receipts, wheat 21, barley 5, oats 3, hay 1, Chicago Dairy Produce. CHICAGO. June 11. Butter unchanged. Eggs Unchanged. Receipts. 20.811 cases. Cheese higher. Daisies, 1515c; twins, 1415c; Young Americas, 1515c; long horns, 15 10 Sic. WHEATTAKESAN UPTURN LARGER INVESTATENT DEMAND LIFTS CALIFORNIA PRICE. Traders Figure on Possibility of Dry Weather Scare in Spring Crop Territory Other Grains Gain. CHICAGO. June 11. -Important enlarge ment of Investment demand, based to some extent on the possibility of a dry weather scare in the Spring crop belt, led to a de cided upturn today in wheat. The market closed steady at a net advance of c to lc. Corn gained c to 11c, and oats 14c to c. In provisions the out come was the same as last night to 12 c up. Seaboard clearances of wheat and flour equalled 621.000 bushels. Primary receipts of wheat were 485.000 bushels; a year ago 23C.O0O bushels. Corn finished at the highest level of the session. Lightness of stocks here and dam age reports from Central Illinois formed the chief inceptive to buyers. Most of the strength of oats was derived from wheat and corn. Profit-taking by longs restrained provis ions from an all around advance with grain and hogs. The close was unsettled. Futures ranged as follows: WHEAT. . Open. High. Low. Close. July 80 .81 .00 .81 Sept 90 .91 .90 .80 Dec 92 .93 .92 .82 ' CORN. July 58 .59 .58 .591, gept 5914 .60 .SM .60 tc 57 .37 .5T .57 OAT8. Joly 38 .38 .38 .38 Sept 8T .38 3T .38 Dec. 33 .38 .33 .38 MESS PORK. July 2(1.67 20.7B 20.65 20.00 20.65 20.07 11.00 11. lO 11.02 11.80 11.46 11.12 .20.00 20.1214 LARD. ...11.00 11.02 V, ...11.10 11.12 ...11.02 11.02 V- July Sept Oct. 10.97 11.07 11.00 SHORT RIBS. ...11.80 ll.SO 11.75 ...11.42H 11.45 11.42M: ...11.15 11.15 11.10 July Sept Oct. prices were: Corn. Xo. 2. 59 i 604c: No. 2 white, 60e6Oe; No. 2 yel low. 59 9 60c; No. 3. : -. 0c; No. S white, 00&'60ttc; No.3 yellow, 3'i& 59 tt c ; No. 4 68-6090; No. 4 yellow, oS59c. Bye, No. 2,6061c. Barley, 50 65c. Timothy. $3.25 4.00. Clover seed, nominal. European Grain Markets LONDON. June 11. Cargoes on passage, dull. English country markets, easy, French country markets, quiet. LIVERPOOL. Jim 11 Wheat Spot. steady. Futures, steady. July. 7s 5ttd; Oc tober, 7s Sd; December, 7s Sttd- Minneapolis Grain Market. MINNEAPOLIS, June 11. close- Wheat July. 90 c; September. 92 c Cash No. 1 hard, 03c; No. 1 Northern, 01ig92c: No. 2 Northern, 8900-c-No. 2 hard Montana. 91J92c; No 8 wheat. 87S8c. Increase the value of your lot Boost for BITULITHIC on your street. It helps make values. .RSTOtV4 INCORPORATED, - uvnoukiinu ana . CONSTRUCTION ENCINEERS PUBLIC SERVICE PROPERTIES FINANCED and MANAGED SO Pine Street New York Sailings from NEXT SAILING ' t t MUPIK Julv LA PROVENCE July "LA XMHHAIHM July 0 'r . -i'1. mew) July 24 t Quadruple-screw steamer. SPECIAL SATURDAY SAILINGS FROM NEW YORK, 3 P. M. ONE CLASS CABIN (ID and THIRD-CLASS Passengers Only Niagara June 21 (Hit At) June 28 W iitieeJ' 80 h t.; A I). Charlton. 336 Morrison St.; J. O. Thomas. C. Dickson. x. , ioiscj t. in 11 11. oif 152 3d North Bank Road. LADD&TILTON BANK Established 1859. Capital Stock Surplus and Undivided Profits.. - - mm Commercial and Savings Accounts Letters of eredit, drafts and travelers' checks issued, availabl in all parts of the world. OFFICEBS CU 5 S9-.PTeuldent- S. T Vr "-ooainrnam, y loe-jt-raa. W. H. Cunckl.y. Cashier. ESTABLISHED 184 jforix iBacoit & avls jngineers FINANCIAL AND ENGINEERING REPORTS VALUATIONS OF RAILROADS AND PUBLIC UTILITIES 58 8 UTTER ST., NEW YORK SAN FRA'ClSCO NEW ORLEANS J.C.WILSON&CO. STOCKS. BONDS. GRAIN AND COTT03 MEMBERS NEW YORK STOCK KXCHANGB. NEW TOOK COTTON KXCHANGB, CHICAGO BOARD OF TRAD 25, nil STOCK AND BOND EXCUANaS. BJf FRANCISCO, PORTLAND OFFICII: Lewis Building, 269 Oak Street, jp hones MarsbaU 1120, A US? TRAVELERS' GI7ID1 EXCEPTIONAL SECOND CLASS ACCOMMODATIONS BY BOSTON SERVICE Th S. S. CLEVELAND, CINCIN NATI and BM'ECHER are ships ot 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 LONDON PARIS HAMBCHG Bluerher elans S4 Cincinnati July 12 Cleveland July 29 Cincinnati August 16 Hamburg-American Line 160 Powell st.. San Francisco. CaL ; O.-'W. R. c N. Co.. Nor. Pacific. D. ft R. G. R. R, . Burlington Route. Milwaukee At Puget Sound R. R., Oreat Northern Railway Co.. Doreey B. Smith, 69 Sth St., Portland, Oregon. AUSTRALIA TAHITI AND NEW ZEALAND. Round Trip Rates: 1st clu- to Tahiti $1S5. to Wellington $267.50, to Sydney $30O. Special Pacific Ocean Tour (Including South Sea Ieles) to Sydney via Tahiti. Raro tonga and New Zealand and returning to San Francisco (or Vancouver) via Auckland, Fiji or Samoa and Honolulu, I3'J5, 1st claaa. Stop-overs any point, good one year. Sail )ngs from San Franclaco June 25. July 23. August 20, etc. Union Steamship Co. of New Zealand, Ltd. Office: 079 Market Street. San Francisco. RIVER EXCURSION Beginning: Sunday, June 8, and continuing; through Carnival Week, the Launch Gazelle with accommodations for 100 passen gers will make trips to Vancouv er, Oregon City and other points during the day and evening, leaving from Alaska nock. Also for charter for special trips. For particulars and reservations phone MarslSall 5940, 7 A. M. to e P. ft EXPRESS STEAHf ICS FOR San Francisco and Los Angeles WITHOUT CHANGE S. S. BEAVEK Sails 9 A. M.. Jane 16. ts. 8. BEAU, June 21. THE SAN FRANCISCO & PORTLAND S. S. CO.. Ticket Office 3d and Washington wltb O.-W. It. N. Co.) Phone Marshall 4500. A B121. COOS BAY LINE STEAMSHIP "BREAKWATER" sails from Albers Dock, No. 8, Portland, at S A. b&. June 4, S. 14, 18, 24, 29. July 4. 9, 14, 10. 24. 29. thereafter every five lays, 8 A. M. Freight received daily until 5 P. M. except day previous to sailing, previous day 4 P. M. Passenger fares: First-class, $10; second-class, $7, Including berth and meals. Ticket office at Albers Dock No. S. PORTLAND & COOS BAY S. 8. LINE, L. H. HEATING, Agent. Phone Main 58C3. A 6141. San Francisco, Los Angeles and San Diego Direct S. S. Roanoke and S. S. Elder. Sail Every Wednesday Alternately at P. J. NORTH PACIFIC S. S. CO. IS A Third St. Phone. Mnin .111, . A. 1314, LOS ANGELES AND SAN DIEGO STEAMSHIPS VALE AND HAItVAUD Railroad or any steamer to San Francisco, the Expo City. Largest, fastest and tht ONLY strictly first-class passenger ships on the Coast. Average speed 28 miles psr hour; cost $2,000,000 each. SAN FRANCISCO, rORTLAND t L A --. S. CO., Mam 20. Frank Bollaiu. Agent. A 459a 124 Third Street. DAHIA, RIO DE JASE1KO. SANTOS, WONTF.VII1EO AND R08ARIO Earge, N'ew and Fast Paiwnnr Btesmers front New York every alieruAte Salarday. For rates, etc., apply local ticket A gmls, or BCSIS DANIELS. G.. Aju. l IMnba, f.V tlrt Comp&gnie GeneraJe TransalJantique Direct Line to Havre-Paris (France) New York every Thursday at 10 A. U 1 FRANCE (New) Thursday, Jane 26 S I. A 11 10 LA ""sfrT Saw. 7 17 -Twin-screw steamer. .11 n : . ! h',111 1 on a.. . w 3th and Marl. mt., t.ents, Portiauit' $1,000,000.00 1,000,000.00 Kobirt S. Howard. Asst. C J. w . Laaa, Asst. Caiblar. Walter M. Cook. Asst. CubUr. STATEMENT Portland Trust Company of Oregsi At the Close of Business June 4. 113 RESOURCES Loans and discounts.? 694,107.93 Bonds and warrants. 70.806. OS Stocks 15.SO0.00 Real estate, furniture and fixtures 178,196.93 Due from reserve banks SSI, 891. 85 Cash on band :. 52,237.14 fl.SS2.7S9.91 GAIN IK DEPOSITS SINCE APRIL 4, 1013 183,888.25 DIRECTORS OF BOTH THE NORTHWESTERN NATIONAL BANK AND PORTLAND TRUST COMPANY H. L. Plttoels. Csslrmss Pres't Oreeonlan Publishing Co., Portland J. D. Farrell President O-W. R. tt N. Co., Portland John TtvoIi y Twohy Bros. Co.. R. R. Con tractors, Portland A. I). Charlton Northern Pacific Railway Co.. Portland L. B. Msscfes Vlce-Pres. Silver Falls Timber Co., Portland AFFILIATED WITH NORTHWESTERN NATIONAL BANK Combined Resources, S4.50O,OOe THIRD AND OAK STREETS Statement of Condition of TheBankof California, National Assn SAN FRANCISCO Including Ite- Branches in Portland, Seattle, Tacoma and Virginia City At Close of Business June 4, 1913. ASSETS Loans and Discounts $31,452,750.66 Bank Premises (San Fran, and Branches).. 1,164,169.26 Other Real Estate 480,000.00 Cusi-omers 1 Liability Under Letters of Credit 3.214450.82 Sundry Bonds and Stocks 4,321,633.93 United States Bond's to Secure Circulation. . 5.037,500.00 Other United States Bonds 285,000.00 Redemption Fund -with U. S. Treasurer 250,000.00 Cash and Sight Exchange 11,860,873.19 $58,066,077.86 LIABILITIES Capital Paid in Gold Coin $ 8,500,000.00 Surplus and Undivided Profits 7,977,803.82 Circulation 4.964,000.00 Letters of Credit 3,471,70S.So Other Liabilities 162,318.49 Deposits 32,990,246.70 $5S.066,077.S6 PORTLAND BRANCH Corner Third and Stark Streets WM. A. MAC RAE. J. T. BURTCHAELL. Manager. Asst. Manager. CONDENSED REPORT OF THE UNITED STATES NATI0NL BANK OF PORTLAND, OREGON. Submitted to the Comptroller of the Currency st the Close of Business June 4. 1913. ASSKTS. Loans and Discounts United States Bonds at Par Municipal and Railway Bonds. . .. Bank Building Cash and Exchange. . . , Total LIABILITIES!. Capital Surplus and Profits. Circulation Deposits Total Report ot the Condition of Merchants National Bank Washington and Fourth Streets, Portland, Oreg-on. At the Close of Bualneaa Jane 4, li IS. Loans and Discounts United States Bonds Premium on Bonds Other Bonds, Stocks and Warrants.... Real Estate and Mortgages Furniture and Fixtures Banking; Premises Cash and Due from Banks. . . LIABILITIES. Capital Stock , Surplus and Undivided Profits National Bank Notes Outstanding .. Dividends Unpaid 7'. Deposits , Gain In Deposits in One Year Gala In Deposits Since Last Call. April 4th. First National Bank Capital $1,500,003 Surplus 900.000 Oldest National Bank West of too Rocky Mountains CORNER FIRST A2ID WASHINGTON ST& OF1 CONDITION OF LIABILITIES Capital stock t 300,000.00 Surplus 100,000.00 Undivided profits ... 22.548.13 Postal saving-. funds 18.011.93 Trust accounts 18,658.13 Time certificates of deposit 237.881.85 Savings deposits 646,799.89 1 11,332,739.91 F W. I.eadbetter Vlce-Pres. Crown-C olunbli Paper Co., Portland Charles. H. Carej- Counsel for the Rill lines, Portland "William D. Kenton Counsel for the So. Pac. R. R. Co.. Portland A. S. M.Sol. Capitalist. Portland Emsry Olrastsas Vice-Pres. Northwestern Natl Bank. Portland . 7, 33F, 042.10 5,000.00 . 1,58,499.54 125,000.00 4.016.510.39 114.031,062.03 . 1.000.000.00 1.14S. 283.2 751.197.50 . 11,133,571.30 .114.031,052.03 RESOURCES. .12.255, 691. 58 400,000.00 3.000.00 832.540.01 26.904 67 31.500.00 S5, 500.00 . 1.312.735.08 84.750,871.24 8 500,000.00 113,475.66 276.900.00 430.00 3,880,065.59 84.750.S71. 24 GOVERNMENT SUPERVISION. .S35,0R1 13 .178,T50.87