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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 28, 1913)
THE MORNING OREGONIAJf, SATURDAY, JUNE 28, 1013. 7 IN PRICES GUT Dealers Shade Quotations to Clean Out Stocks. BARLEY AND OATS WEAKEST Oiil AVliC!it Holds l'atrly Steady, as but Little or It Is Lett Buy ing Operations In New Crop Are Light. srain priest, which liav, gradually been drifting to the new. crop )vel, have tn the past day ar two, taken a rather sudden dip downward. Everybody In the trade is try ing to clean up now, and In the efforts to unload, some of the sellers have made ma terial concessions. This Is particularly the rase In the oats and barley markets. Prices In these lines lately have been more or less nominal, and holders generally clung to the former high figures, but new sellers are wining to take much lower prices. The ab sence of any demand helps along the weak ness. OM wheat has not declined as much as the other cereals, but the undertone of the market is easier than it was. Club is still quoted at t'3 cents, and forty-fold is held t the same price. The best bluestem is worth about OS cents. There Is not much trading yet in the new crop. Buyers' Ideas on new club are SO to fil cents, and they quote 84 to 85 cents on bluestem, but it is not likely that any can be contracted for under the latter fig ure. Pome business In new barley has been reported at $23. 50, and there has been a. little buying of new oats at 26. Crop conditions, as reported to the local offices from various points, are favorable. The bluestem area in the Big Bend country has been reduced this sear, as more land has been seeded to red what. The acreage in bluestem in Eastern Oregon, however, is larger than It was last year. Weekly foreign wheat shipments were as follows: Thlswk. Last w Ik. Last -yr. Argentina . . . .l.22ri.(KH 3. 784.000 2,8S9,5no Australia nT.S.Cinn fltfn.OftO S48 000 India 2, 608,000 1.S35.000 2.200.0OO Local receipts, in cars, were reported by the Merchants" Exchange as follows: Wheat Barley Flour Oats Hv Monday SI 4 30 ."i it Tuesday -1 7 31 "Wednesday. . . S .1 .4 'Z 1- Thursday ... 0 H 7 2 8 Friday SI S 0 1 3 Tear ago 15 ... . 4 0 6 f-ean to date 17r,7S 23SS 2B40 100 23R1 Year ago I44H0 301 ;r,is 1095 2S22 TARIFF DELAY AFKECTS WOOLS. Prices Are Advancing-. With Dealers "More Active. Costs of the now wool clips in the West are being influenced materially by a new development. It is figured that the longer the passage of the tariff bill is -delayed, the further the cost of the wools will ad vance. The situation gains no fundamental strength, according to mail report Just re ceived from Boston, but the chance of a demand from manufacturers becomes more and more likely as the-crisls of a change is deferred, or as the Senate proceeds to ful fil Ha threat of procrastination. The ac tivity of dealers recently may be partly at tributed to this development, while growers have been quick to boost values upon the strength of the demand so far manifested. Lately the ' business of consignments has diminished considerably. The dealers have been buying outright when the clips are con sidered desirable. An effort has been made all through the territory wool sections this year to secure a selection of the best wools by purchase. The most of the consignment business, therefore, has been restricted to the heavier and defective staple. FRCTT RECEIPTS ARK ON INCREASE Price In All Linen Are Tending- Downward. Caratrloupra Sell Well. Fruits of ail kinds are coming, on the mar ket now almost faster than they can be moved, 'and weak prices in most lines are the result. Cantuloupes are among the best sellers, and are steady m price. One car came in from the South yesterday. Cali fornia orchard fruits were generally un changed. The strawberries received were nearly all in poor order and dragged at DO to 73 cents a crate. Raspberries were lower at $1.75, and logans were quoted at $1.75 2. Cur rants were more plentiful and sold at $1.50 ft 1.73. The supply of cherries was the largest of the season. Royal Anns sold at 4 53o and 3 0 cents was the top on Blnss. The last straight car of California cu cumbers arrived and they sold lower, at 90 cents a box. A car of Texas tomatoes was received and put on sale, at $1.25 a crate. HENS QIOTED HALF CENT HIGHER Iur.ks Hard to Sell at Any Price Eggs and Huttrr Firm. The poultry market is holding steady for everything excop-t ducks. These are now quoted down to 3 2 cents for young and old and are hard to sell at that low price Hens moved well at ,18 to 1SH cents. Receipts of large Springs 'were light. Dressed meats were steady. The egg market is poorly supplied with fresh stock, which is quoted firm. The butter market is firm and active. Cheese is quoted steady . Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland ?-.024.490 ,17K,2 Seattle 2.039.223 210,876 Taroma 335,034 43,179 Spokane . ."..:,, 5 13 00,930 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed. Etc. WHEAT Track prices: Club, 93c: blue atern. B7H8'USc; 40-fold, 93c; red Russian, 62c; Valley. 84c. OATS No. 1 white, ?29B0 per ton; stained and off grade, less. FLOUR Patents. $4.70 per barrel; strslghts, (4.10; exports, S3.858.9t; valley. $4.70; graham, $4.60; whole wheat, $4.80. CORN Whole. $28.50; cracked, $29.50 per ton. MILLSTUFFS Bran, $24.3025 per ton; shorts. $26.50j:27 per ton; middlings, $31 per ton. BARLET Feed. $23.50ig25 per ton: brew ing, nominal; rolled, $2S.5029.R( per ton. HAY Eastern Oregon timothy, choice. $11x319 per ton; alfalfa, $1314. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FKU1T.-S Oranges. I4.K0i a per box; lemons, $Sflo per box; pine apples. c per pounu. ONIONS New red, $1.20 per sack. VEGETABLES Artichokes, 75c per dozen; asparagus. Oregon. 60o3$l.CK per dozen; bewns. 3 & Sc per pound; cabbage. 14fe2o per pound: cauliflower $2.00 per crate; rorn, 40c per dozen: cucumbers, 90c per box; eggplant. 25c pound; head lettuce. $2.50 per crate; peas, a iic per pound; peppers, 25c per pound; radishoB, 30?t3:rc per dozen; I'.iubbrb, lWJc per pound; spinach, Toe per box; tomatoes. $1.25 per box; garlic, 7 to So per pound. ruTATuES New California. 2ic per pound. LtREEN" FRUIT Apples, new. $1.25 per box; old. nominal: strawberries. 50Q75c per crate; cherries, 4gnoc per lb.; goose- oernes. 34c tier pound: apricots. st.25 1.50 per box: cantaloupes, $2.252.75 per crste; peaches, $I.303.25 per box: water melons, 6c pnr pound; plums. $1.A0fl.75 per box; raspberries, $1.70 per crate; loganber ries, l.703 per crate. Staple Groceries. ' Local Jobbing quotations: SALMON Columbia River. one-pound tUs. $2.25 per dozen; half-pound flats. si. 40; one-pound flats. S2.45: Alaska, pink one-pound talis, 85c: silversldea. one-pound tans, i HONEY Choice. S3.254S3.75 ner case. . , KUTS Walnuts, lgo per. pound; Brazil ORA nuts. 12Vifrloc; filberts. AS 15c; almonds, 18c: peanuts. 65toc: -cocoanuts, &0c$l. per dozen; chestnuts, 13c per pound: hlek orynuts. S10c: pecans, 17c: pine. I7hi&20c. BEAN'S Small white. c; large white. 5.S0 & 8c; Lima. 6.30c; pink. 4.15c; Mexican. 6c: bayou. 4.15c SUGAR Fruit and berry. $5.25; Honolulu plantation, 5.20; beet. 3.05; extra C. 4.70; powdered, barrels, $5.50, cubes, barrels. 6.00. COFFEE Roasted, in drums, 1935e per pound. SALT Granulated, $14 per ton: balf ground 100s. $10 per ton; 60s, 10.75 per ton: dalry,-u412.B0 per ton. RICE No. 1 Japan, 55c; cheaper grades. 4Wc: Southern head, S4Se. DRIED FRUITS Apples. 10c per pound; apricots. 12(g)34c: peaches, 8&llc; prunes. Italians. 8j 10c; silver, 18c; figs, white ane. fclack, 84 7c; currants, 9c: raisins, loose "'ucaiei, oi7ac; pieacneo, 'inompson, il$c; unbleached. Sultanas, Sc; seeded, "iiasic: dates. Persian. 74&8c Der pound; fard, $1.83 per box. r IOS Twelve 10-ounce, 85c: BO o-ounea. $3.S5; 70 4-ounee, $2.50; 30 10-ounce, $2.25; loose. 50-pound boxes. 814'7c: Smyrna- boxes, $1.101.25; candled. $3 per box. - Dairy and Country Produce. Local Sobbing quotations: POULTRY Hens. 13(&13ic: Snrlnas. IS- 20c; turkeys, live. 18ig20c; dressed, choice, oucks, 12c. EGGS Oregon ranch, case count. 23f&24c per dozen: candled. 2326o per dozen. tir;.Et, Oregon triplets, 16o; Daisies. 17c: Young Americas, 18c. BUTTER City creamery butter eubaa. 28c per pound: prints. EOc per pound. nit Kancy. 101415.11 per pound. VEAL Fancy, 1414Hc per pound. Provisions. Local Jobbing quotations: OAna IV xo x pounds. 20!321c; 12 to pounds, 20i321c; picnics, -14c; cottage 14 '11, 1I& BAHON Panmr ""0 9n. . . 3 n i rim 25c; Knglish, 2223c lakij in tierces. . choice, 1414c; com pound. 934c. yV SALT MEATS Regular short clears, H16c; short clear backs. 12 to 1 lbs., lOtec; short clear backs. 18 to 25 lbs., ' 130VC: exnorts. lRUMIAUn BART?Trr.TTT it ir i- w 19: mess hn 1 1 Q - ni.t. 1 1 . HU.J oneless beef, $30. ' ' AnnjiLED fork Best pig pork, $27 ckled pork, $25. Hops, Wool and Hides. HOPS 1912 Prnn 13-5r nr- nmin- 1Q1-J contracts, 14igl4Uc pf-r pound. rr-,-l 1Jry" 1Vc; lambs, salt shearling. Iv oj Joe. WOOL Eastern Oregon. 10418c; alley. IS fa. 1 9c r,r no,.r,,l URAIN BAJS tt 4 $!,, Portland. e-aitea nides, lUg13U.0 per pound; ait kip, 1'.- i:;c; salted calf, 1s17Hc; niucs, luaiti'jc; dry hides. 212ac; ,r,Vi C c ' No- " -5c: Ko- -'. 20c: salted MOHAIR VJi'X clip. 31c per pound. Unseed Oil and Turpentine. T.TVRRPn fi tt i , . . J- - , uati eis, odc ; oo lien, barrels, 5So; raw, cases, 61c; boiled, cotea. 63c. OIL MEAL P. o. b. Portland works: Car lota. S'Aft' R a t- H 1 n . . .. iyio, ion iocs. TURPENTINE Barrels, B2C; cases, 55c. CATTLE AN D H OGS SCAB GE GOOJ RCX OP SHEEP AT XOKTH PORTLAND YARDS. Yearlings, Wetliers and Ewes Sell ing at Steady Prices Day's Trade Is Small. There was only a poor showing of llve tock at the yards yesterday, outaide of inee.rt Tlia 1. ,, , r. Duiu wan. out tne other olienngs were mostly of indifferent quality 111 the rattlA ivmi-lot - - ., V. . , ' uuua aca en as were disposed of at the usual prices. The OnlV hr.tr tran.an.t I . . i V vi. uiipurianca was the sale of a load of 102-pounders at $8.75. . " " '-ep marKet that most of the bus.ness was done, and here the tone was quite steady. Yearlings were taken at $4. So, wethers at $4.50 and ewes at $4.25 Receima wr u rpMia i -. . . , , - ...... i.ii. iji nogs and 1910 sheep. .Shippers were Sevier & Weed. Jerome, Idaho, 1 car hogs; James Hlnton. Shaniko, Or.. 1 car sheep; P. Kopplin Plain View, Or., 2 -cars sheep; Fetor Wyers, Qrandale, Wash., 1 car cattle and calves: J. A. Ben son. WllllnAmh A ... " uara cattle; T. Sr. Patton. Ilalaey. Or.. 1 car sheep; S. B. Deck er. Junction City. Or.. 2 cars sheep. I'll.. i . . . - ..- ....j wore as zouows: Weight. Price. 375 $7.75 362 8.73 101 3.35 . 90 4.50 80 4.25 1020 7.75 ....1020 6.50 A3 4.83 IPO a.00 .... 900 5.50 ....1170 6.75 2 ho en 141 hogs 37 mixed sheep 170 -W ethers 102 ewes ......... 9 steers 1 tag 75 yearlings 1 calf 3. cow 3 cows . . ThA t-Bn n- Choice steers .... Good steers $S.00f S.75 7.25 7.75 7.00 s 7.25 Medium steers ... Good cows . 9.603 7.60 ... u.ji i .................. nyiwi a n 0.0051 H.2i Choice calves 8.00 01 9.00 suiii ...... : V;!"S 4.00 & 0.00 liner tight .. Heavy . 8.80 9.00 7.501 7.90 4.00 5.00 3.0Og 4.50 5.00 40 6.75 Sheep Wethers Ewes Lambs . Chicago Livestock Market. - t .$JCA(i.- June 27- Cattle Receipts. 3o,oo0; market, slow, steady, ijeeves. t7.2Ui i ,T5x5".ateers- 8.10; Western steeri. JT.10to8.0; stockers and feeders, 5.754j L Ao'J Bnd hele. 3.00&i8.50; calves, Hogs Receipts, 1D.000; market, Sc lower. Liffht, $8.55 8.80; mixed, 1S.B0& 8.80; heavy. SS.30(as.75: roio-i ts rha, m. i 8.758.50; bulk of sales, SS.638.75". . xicceipLs, iii.uto; mamet. weak to 1O0 to 25o lower. Xatlvo ti Kiiii, s cwi. nr.... em, $5.105.80; yearling's, '5.60(S6.70; V. , "" "a 'i.w western, ?o.8Udt 7.U0; Springs. 5.603 8.50. ' vov, Omaha Livestock Market. SnilTU nu 1 U A -.v. ... " - ' u ., u uno i vaitie . Receipts. 150; market, steady. Nati-e steers. Western steers, J64f7.60; Texas steers. J5.50 $1.5010. nogs Receipts, 13.200; market. lower. W PUYv fi r.r. O AT. . . . .. pigs, $6gi7.50; bulk of sales. JS.408-.50. Sheep Receipts, S000; lambs lower. Year Srt?!'ffli i625: wcth. 4.505.75; lambs. SAJf FRANCISCO JPKODUCE MARKETS Prices Quoted at the Bay City for Vegeta- U'rn, X U1LB, i.lC. SAN FRANCISCO. June 27. The follow ing produce prices were current here today: Fruit .APDles. 75rH! i.ll ' xu.i... i , nominal California lemons, choice 9.00; common, J4iJ6; pineapples. $1.25 Cheese Vew 1 A 1L it. f , . cas. 17 lie. " Hay Wheat. $23 25;-wheat and oats. $21.5022; alfalfa. $1214. Hutter Fanrv frnm., qiy.. - . - ' - J I BCQVIIUI, Tt C. vegetables Cucumbers. 25f?50c- green peas. lVs2c; string beans. IVieSe- egg plant. 2(7c. ' SB Onions New, red. 65C0c- per sack: yel low, 75gv0c per sack. Potatoes New River whites. 90c1.50: foI'?Ro- 75c110: old. river Burbsnks Eggs Store. 22Hc; fancy ranch, 24c R-jcelpts Flour, 2108 quarters; barley 4347 centals; potatoes. 6458 sacks: hay G4 tons. ' Coffee and fcutar. NEW YOKK. June 27. Coffee futurei opened steady at on advance of 6 to 1' points in response to better cables than ex pected and continued steadiness in the prl mary markets. There was local sellini - ....hoj "6uii auu prices eased oft three or four points from the best but .1 m later on con tlnued covering. European buying and re , , - 'ia irt-igin situa tion. The close was steady. July. 9 44C- r v. , vniir, o.iic: uecemDer, 9.Stc; January, 9.94o; March, 10.04c; Jday lO.OSc . " Spot steady. -Rio. 7s. DT&c: Santos. 4s 12c Mild, quiet. Cordova. 1316c. nominal. Raw sugar Arm. Muscovado. 3.8"c; cen trifugal, 3.36c; molasses, 2.61c. Refined steady. Naval Stores. .i SAVANNAH. Oa.. June 27. Turpentine firm, it'i to 3614c. Sales, 95; barrels; re ceipts. S89 barrels; shipments, 365 barrels stocks. 24.732 barrels. Rosin firm, sales none. Receipts, 2626 pounds; shipments. 449 pounds; stocks, 128.- -v puunnB. wuoi-: a, a. "53. so: c. o, JS.91: K. K, i. H. $4; I, J4.15; K, $4.55; M, $6.15; N, 6.1S; Wg. $6.25; Ww, $6.30. FALL BUYING IS ON Tariff Matters Do Not Hold Back Western Merchants. DEALERS' STOCKS LIGHT Trade in - Pig Iron Has Improved During Past Week-Crop Reports, as a Whole, Still Point to Favorable Conditions. NEW YORK, June 27. Bradstreeta to morrow will say: Business holds up remarkably well, not withstanding the midsummer season for in ventorying is approaching. Crop returns as a whole are favorable, especially as regards Winter wheat, cotton and . corn: consumption of merchandise is heavy, stocks are light, business on current account Is larger than seasonably normal and trade In pig Iron haa Improved, thanks to very low prices. In the surplus grain-producing sections, the illuminating fact is that merchants, un deterred by tariff matters, are going ahead with their Fall purchases, retail trade has been' given a fillip by seasonable weather plus clearance sales, and it appears to be easier to get money on commercial paper. Thus, the week's developments spell some what more optimism especially aa apper tains to affairs in the Northwest, Southwest and west. In which sections current trade Is satisfactory or better, while there la a noteworthy disposition to cover future re quirements. Business failures for the week ending June 26 were 260, which compares with 239 in the like week of 1912. Wheat, including flour, exports -om the United States and Canada for the week end ing June 2. aggregate 4,201,859 bushels, against 3.187,531 bushels this week last year. WHOLESALE DISTRIBUTION IS FAIR Retail Trade Is of Vsual Summer Character at Present. NEW -YORK, June 27. Dun's Review to morrow will say: There, has been some slackening in retail trade, the usual Summer dullness being re ported at many points, but wholesale dis tribution continues in fair volume. As for some time past, bnyers confine their oper ations mainly to actual needs, the new tariff negotiations naturally resulting in a whole some conservatism in this respect. Crops, now entering upon their most criti cal period, have passed another week with no serious loss from their previous satisfac tory condition, although reports Indicate some deterioration in Spring- wheat. Consumers of iron and steel have not ceased to urge deliveries, but premiums have almost entirely disappeared and price con cessions are made in some finished material departments. Bank Clearings. NBW YORK. June 27. Bradstreefs clearings report for the week ending bank June 0. as " snows an aggregate of $2,917,957.00 6iii"t a,-'.ibu,ooo last week and $2 231,000 in the corresponding week last 890.- year. , Pet. New York 1.8.7R1 noo Inc. .3 12.9 13.4 2.7 10.5 Chicago SOO. 797,000 186,060.000 Boston Philadelphia .., 151.92t.000 76,434.000 4, 413,010 4T.471.0O0 44,901,000 37,906.000 35,065.000 22,872.000 21.417,000 22,966,000 27.723,000 17,410,000 16,907,000 13,177,000 IS. 599,000 10,311,000 13.972. 000 9,041.000 8.10 7.000 5.192.000 6,931,000 4,971,000 4,253,000 4,479,000 3,598,000 2,(23,000 2.950,000 2,283,000 . 1,692.000 649.000 653,000 St. Louis ..." Pittsburg Kansas City . .. San Francisco . . 5.6 6.6 4.9 11.3 ,9 37.6 7.4 8.9 34.3 6.5 11.7 2.5 2.4 9.5 2.1 8.8 6.9 7.3 7.4 11.9 15.6 6.6 9.4 5.9 2.4 19.8 4.S f. Baltimore ...... Cincinnati Minneapolis .... Los Angeles Cleveland ...... Detroit New Orleans . . Omaha Louisville Milwaukee ..... Portland. Or. .'. Seattle St. Paul Indianapolis ... it i .aits uity. . Columbus ...... Toledo Duluth Des Moines . . . . Spokane ....... Tacoma ........ Oakland San Oiego ..... Sacramento .... Ogden. Utah . . . Stockton .Decrease. STOCK MARKET NARROW PRICES AT CTXJSB SHOW FEW IMPORTANT CHAXGES. Trading Is of Small Proportions. Rumors of Xew Financing Causes Xew York Central Break. KEW YORK, June 27. There were few occurrences in today trading to distinguish the stock market from the narrow profes sional affairs of the last few days, stocks rose at the opening in a half-hearted way In response to high prices in. London, and then slowly fell back. At the end of the session, changes in the Important Issues were with out significance. The volume of business fell oft to the alight proportions of the dull period preceding the recent severe break, Professional opinion again appeared to favor the short side of the market and stocks were offered on every rally. The distinguishing feature of the days movements was the weakness of New York Central, which sold off 1 to 96, the low est since laos. Lacking definite explana tion of the weakness of this stock, traders ppoke of possible new financing aa a cause of the movement. LTnoonnrmed reports from Mexico City of a receivership for National Railways of Msxlco caused a drop of 7 points tn the preferred and 3 In the second. Known movements of curreny during the week indicated that the banks had con tinued to pile up cash. A gain in cash for the week of $0,000,000 or mora wa pre dicted. "Bonds were depressed with some sharp declines In prominent Issues. Total sales, par value, $1,110,000. United Statea 2a reg istered declined on call. CLOSING STOCK QUOTATION'S. Reported by J. C. Wilson & Co.. Lewis building, Portland. Closing High. Low. Bid. 54i, s 61 21 21 23 26 20V4 i fcti 42 41 41 33 1 60 rtl 91 107 1H Am Beet Sugar. 2i)0 Am Can Co .... 1.800 do preferred. Am Car & Fdy. . 300 Am Cotton Oil Am Smel & Rcf. 3,000 do preferred Am Sugar ..... ...... do preferred. ........ Am Tel & Tel.. 100 128H 12SV 1284 Am Tobacco 213 Anaconda ... Atl Coast Line 800 32 82 32 .114 95 - .98 03 A T & Santa Fe 1,800 95 do nref erred. 95 na.il tic unto 200 93 98 Brook H Tran.. 300 87 SB Canadian Pao .. 1.800 217 21vi 217 C & O . 2,700 64 63 54 C & G W nu C & N W 327 C. M ft St Paul. 600 103 12 30 Central Leather. 400 21 2( 20 Chino 700 84 83 33 Col fuel Iron. ..... 27 Col Southern 3x Consol Gas ........... 12SV D R G - Jo Distilling Secur.. lOO 12 - 12W 12V. Erie 1.900 24 23 "3 General Eleo .'. i:t5t- Gt North Ore ... R0O 83 33 3" Gt North pf ... 1,000 122 121 323 Illinois Central. 1O0 109 loo 109 Icterboro Met .., 2oo 34 34 14i do preferred.. 1.80O 35 54 54 Inter Harvester. 103 K C Southern .. 400 25 25 23 Lehigh Valley.. 6.500 346 144 145 Louis A Nash 130 Mexican Central 3.200 12 11 12 M. S P ft S S M 122 Mo. Kan & Tex. 1,200 20 20 20 Mo Pacific 1,000 30 29 29 National Biscuit 110 do preferred 117 N Y Central ... 4.800 9T 95 96 N Y. Ont & Wes 40O 31 30. SI Norfolk & West 3 02 North America . Northern Pao .. 1.000 107 107 107 Pacific Mall .... 100 18 18 18 Pacific T & T 27 Pennsylvania ... l.ino 111 110 110 Reading 17.000 157 15 157 Republic S & I.. 1.100 1S 18 37 Bock Island 15 Southern Pac .. 1,300 94 84 94 Souther Rjr ..,,.4,000 ., 21. , 20 , ... .20 i qvai uii ..... 111U 1U. JV. J1J f Union Pacific .. 24.000 3 40yi 144 " 145 do preferred.. 4H SOS ' 80; V S Steel 25,300 52S 524 52 do preferred.. 70O 103 V 103 302Ti Utah Copper . . . 7o 42 42 42 Wabash loo 2 a "4 Western Union 6i Westing E!ec .. 200 5Si 58V 68 Wisconsin Cent 43 Total sales for the day. 134,924 shares. BONDS. Reported by Overbeck & Cooke Co., Board of Trade building. Portland. Bid. Asked. Atchison reneral 4s 4 U4's Atlantic Coast Line 1st 4s.. S7H 88 Baltimore & Ohio gold 4s 9H4 91 B R T 4S.. S6 87li Chesapeake & Ohio 4 Vis 4V C M & St P seneral 4s 99Vi 00 V C R I col 4s 54 s 53 California Gas 6s 93 C B O joint 4s 94 94 '.A Erie general 4s 68 71 Int Met 4H - 74H "4 Ts Louisville Nashville unl 4s 92 Vs 93 Missouri Pacific 4s..... tvs NYC -tn 3- 8.3, 83'i N W 1st con 4S 92 9S Northern Pacific 4s 91i 92 Oregon short Line ref 4s S7, 88 Pacific Tel 5s PG' 9H Penna Con 4s 99 19 1 Reading gen 4s f4 943 ft L 4 S F ref 4s ... 67 68 Southern Pacific ref 4s . . SS'i . 89 Southern Pacific col 4s 87 89Vi Southern Railway 5s ini 101H Southern Railway 4s 73 73 1 Union Pacific 1st and ref 4s.... 91 P24 United States Steel Oo 9S 98' West Shore Is 931, 94' Wabash 4s I.. 491 50 Westlnghouse Electric cv 6s.... SS SOU Wisconsin Central 4s S6j United states 2s registered loo 100v- do coupon 100 . .'. United States Ss registered 103 103 H do coupon : .103H 03 United States 4s registered 31.1 114H do coupon 114 Stocks st Boston. BOSTON, June 27. Closing quotations: Alloues 30 Mohawk 43 H Amal Copper H8INvada Con 14 A Z L S 19 Niplssin(r Mines. 8'A Arizona Com... SViiNorth Butte 24 B A C C & S M. 50 North Lake 3 14 Cal : Arizona. .591 Old Iominton,.. 42ii Centennial 1 u nc.ia. . . iiv uBceoifL ......... i r IO Qulncy 5Vi 89 IShannon 7 '4 9Superior 22 V 5', ,s & B M 2 ' 1H I Tamarack 23 S IT e il p s r fiit C R C C B Butte C M. . Franklin Giroux Con. . Gran-by Con . . . Greene Cananea, Rlf do preferred.. 47 I Royalle (Cop) 17:Utah Con T Kerr Lake 3V, Utah Copper Co. 41 Lake Copper... 6 Winona iv La Salle cop 8HWolverlne 13 Miami Copper. . 21 Money. Exchange. Etc. NEW YORK. June 2-7 Money on call. steady. 12 per cent; ruling rate. 2- last loan. 1; closing bid. 1; offered at 1 54. Time loans, steady; eo days. 3 H S 3 per v-iv, w ua?a, o j ry, a -a. per cent; six months. 6&5iA per cent. Prime mercantile paper, 6 per cent. Sterling exchange steady, with actual busi ness in Tjankers- Mils at $4.83 for 60-day bills and at $4.S6S0 for demand. Commercial bills. $4.B2. . - Bar silver, 3SHc. - Mexican dollars, 4Sc. Government bonds, easy ; railroad bonds, heavy. SAN FRANCISCO, June 27. Silver bars. Mexican dollars, nominal. Drafts ight, 2c; telegraph, 5c. tiST11"' ,n London' d"v". $-83; lht, LONDON", June 27 Bar - silver, quiet, 2 13-33d per ounce; money, 33 percent; rate Of dISCOUnt in onn mnrlrt Srr ahnt yi!' 4.H f'4 5"la Ir cent; do. three months' ,J5ill, 4 5-la per cent. Condition of the Treasury. WASHINGTON, June 27 The condition of the United States Treasury at the begin ning of business today was: Working balance ,s 50,421,229 In banks and Philippine treasury 58,001,723 Total in general fund 142,527.743 Receipts yesterday . n taj. nu Disbursements ' 2!ol4'9l The surplus this fiscal year is tt7.Rla:lfl as against a surplus of $11,997.5!4 last year. The tigures for receipts, disbursements and surplus exclude Panama Canal and public debt transactions. TVOOL"SELI.S ON 50-CENT basis. Volume of Business on Boston Market Is of ralr Size. BOSTON. June 27. The Commercial Bul letin will say tomorrow: No large transactions are reported in the wool trade this week, but the total of the business here is of fair size. Woolen mills have been active buyers and have taken 1000 bags or more of scoured wools, chiefly ftuo territory and pulled A wool. xnero has been considerable new terrltorv wool, both graded and original, sold on the oasis or about a half a dollar clean for the best selections. Some medium fleeces also have changed hands at rates fully up to last week's quotations, and In some Instances a half cent advance now is asked. orders at tho mills are comlna- forward only moderately well, all operators acting with- caution, which tends to restrict the volume of business more or less. Shipments, January 1 to June 26. 84.366, 000 pounds against 139.377,000 last year; re ceipts. 85,752,191 against 137,087,834. Metal Markets. NEW YORK. June 27. Copper dull Standard, spot, 18.87 bid; June, 13.87 14.25; July and August, 14.00 14.25; elec trolytic. 14.76 15.00; lake, 14.S7H15.25; casting, 14.60S14.S7V4. Tin. weak. Snot nd June July and August, 42.50 42.75'. Lead steady. 4.304.37 M. Spelter steady, 0.20(0 5.30. Antimony dull. Cooksons, 8.75 9.00. Iron quiet and unchanged. London markets closed as follows: Copper easy. Spot, 8, lis 9d: futures, 68, 16s 3d. Tin easy. Spot, 194; futures, 195. Spelter, 21. Lead, 19, 5s.. Iron Cleveland warrants, 54s e.d. Cotton Market. NRW VnBV Tun. "IT . . c . , ,. uv.Mil! P I r 1 H niiint. 1 1 1! . 1 : , i, . .nlanH. . " ',... j gulf, 12.550. Sales. 1200 bales.' i.uiuii'o muKa sieaay, x to aa points lower. June. 11.90c; July, 11.92c; August, 11.94c; September. 11.67c; October. 11.46c; Novem ber 11.89o : December, 11.44c; January 11.46c; February, lL42c; March, 11.00c; May, 11.52c quiet, unchanged. Middling, 12 c. Sales. 50 bales. . Chicago Dairy Produce. rnTPAfin T.in, .? nnit. .air eriss, 23i24c to 20c iSE3i uncnangea. receipts, 17,B0 cases. Duluth Linseed Market. DULUTH. June 27. Close: Linseed, $1.34; July, $1.33; September, $1.35; October, $1.35 asked. Plied Fruit at New York. NEW YORK. June 37. Evaporated apples steady. Prunes Arm, Peaches quiet. Hops at New York. NEW YORK, June 27. Hops quiet. CAR SCHEDULE TO CHANGE Milwaukie Advertises A ain for Bids on Fa-ing. MILWAUKIE, Or., June 27. (Spe cial.) The Portland Rail-way. Light & Power Company, has announced that & 13-mlnute car service will be put on between Portland and this place, be ginning July 1. "At present there Is a 30-minute service. The regular Mil waukie car will run alternately with the Oregon city car. At a meeting of the Council the Auditor was instructed to readvertise the Improvement of Front street. Only one hid was received for the work un der the former advertisement. It was rejected because It was above tho esti. mates. The new bids will be opened ny July 1, in order to get the Improve ment under way. The plans have been changed to attract more bidders. Salem Cannery Leased. SALEM, Or.. June 27. (Special.) The cannery or the local plant has been leased by- the Salem Fruit Union to the Hunt Bros. Canning Company, of California, which will greatly enlarge the business at , once. It is the intention of the California company to purchase the plant when the present lease ex pires and to more than double its ca pacity. The "growing demand for canned fruits is the reason assigned for the transaction, the purchasing company believing tnat the consume tlon of canned fruits .can be largely increased in a snort time, it has a cap ital stock of more than $1,000,000. KANSAS CROP KURT Official Report Sends Up Wheat at Chicago. , PIT HAS NERVOUS CLOSE Yield of State Is Sow Placed at 72,000,000 Bushels, Against For mer Estimate of 90,000,000. Corn and Oats Higher. CHICAGO, June 27 Surprising official statements that owing to excessive dryness the condition of Kansas wheat bad gone 'oick as CTueh as 24 per cent In the last month, put the market today in an upward whirl. There was a nervous close with an advance of to gj e net. Corn Bhowed a gain of lo to lo over last night, and oats a rise et lc to lc. Provisions fin ished unchanged to 12a decline. Trading In wheat, as In other grains, reached a volume considered toy some to surpass that of any previous day this sea son. It was estimated the yield In Kansas would not amount to more than 72.000.000 oueneis, whereas speculators of late had been counting on about 1KX0OO.00O bushels. Heavy selling on the part of leading houses checked the upturn in wheat, but the top prices of the day were current with in 15 minutes of the close. The late strength was Influenced by assertions that rains northwest had failed to appear where most wanted in south Dakota. . Total clearances of wheat and flour equalled 4OS.00O bushels. Primary receipts of wheat were 6S1.000 bushels; a year ago 229. 00O .bushels; Crop danger from extreme heat In Okla homa and other states produced excitement among corn dealers. Buying orders were numerous tnat an reactions proved un important. Intense heat and dry weather over the states of largest production were regarded as even more adverse to oats than to corn. Special Interest was aroused by the Kansas State report making, the crop condition there 49 against 7s- a year ago. In the provision orswd the grain bulge was ignored, prices went lower with hogs. The leading futures ranged as follows: . WHEAT. . Open. High. Low. Close. July .BOH. .81 $ .90 $ .90 ''-'' '- ...... .HITS .""TO .W Dec. .63 .94 .PS .03 CORN. July 61 .82 .81 .2 Sept 2 .83 .62 .! Dec .01) .60 .58 .0. July 4m .45, .41' .41 tept 4jix .43 .42 .42' Dec . . -4d .44 .43 .44 MESS PORK. July 20.7S ' 20.78 80.80 20.83 Sept 20.80 20.0O 20.82 20.85 LARD. July II.IO 11.10 11.08 11.03 Sept. 11.27 11.27 11.22 11.25 - Oct. 11.80 11.82 11.37 11.80 SHORT RIBS. Ju'v 11M 11.87 11.62 11.67 Sept. 11.72 11.72 11.70 11.72 u ll.OIi 11.8U - ll.oo 11.55 Cash prices were; Corn No. 2, 62Qi6ac: No. 2 white. 63 93c; No. 2 yellow, 6262c; No. 8, os-tf2c; No. 3 white, 62tJ3c: No. 3 yellow, 622c: No. 4, 5961o; No. 4 winjmc; no. yeuow, 09 61 c. Rye No. 81 82c. Barley. 00 663c. Timothy, $;i.75('4.75. Clover, nominal. 1 . Knropean Grain Markets. LONDON. June 27. Cargoes on passage aulet and unchanged. English country markets easy; French country maraets quiet. LIVERPOOL, June 27 Wheat Spot Ir- 1 ruii . f utures sieaay. July, Ta oa; Oc tober. 7s 3d: December. 7s 4d. - Weather in Kngland unsettled. Minneapolis Grain Market. MINNEAPOLIS. .Tiinx !T PU..- vrv..t July. 874j.'j7c; September, 83c; December! Cash No. 1 bard. fllUx: 1 Vfw4h.ra B2j.u3c; No. 2 Northern. 8091c; io. a nara .Montana, vuji91c; No. it, Barley--Unchanged. San Francisco Grain. ' - - - ...--- .... ., 1 . jiul quui wauu. vvaim, s l.u i qi l.so ; red kub aidu. ti.oi rtv low; l uritey red, 11.7001 1 7 ' 1. - hlito.t.m 41 711... 1 Till . J . . , . ......... . . . . v ...... u . . , j . isca iin ley. $1.82 S1.S5: brewing, nominal; white oats, $1. SB'S; 1.57 ; bran. $27&27.50; mld- i6i eoiu . snorts, a-oig'B.ou. Call board: Wheat Easy. Barley Easy. December, $1.35 per cen tal; May. $1.37 per cental. Puget Sound Wheat Markets. S 17 A TTT T." T . , n A BT 'I . w., . 63c ; fortyfold, 90c; club, 90c; life, 90c; red Ymi.iIdv- . ., , . -n. ; ........ . . uttt iv; ubid 3; barley, 2;. hay, 3; corn, 1. TACOMA, June 27. Wheat Bluestem. 97 tvi uQrt" 4 tri1 rl fl i . . 1 . . T . . ,. - - . ' . j . mv. , emu, we; rea nie, vzc. Yesterday's car receipts Wheat. 13; oats, 1; hay, 4. LEWIS FINDS CONTRAST PROBLEMS OF BCCHANAX AXT WlliSOX COMPARED. President Declared to Be Trying to Emulate Patronage Policies of AVashington and Monroe. BRANDON, Vt., June 27. James Hamilton Lewis, of Illinois, delivered the oration at the unveiling- today of a statu or Stephen A. Douglas, ex Senator from Illinois, who was born here. Senator Lewis referred to President Wilson's relations with the Senate, comparing them with the conditions when President Buchanan and Senator uouajias joined issues. He said in Dart "Senator Douglas signalled his en trance to the United States Senate far a break with the President of the United States James Buchanan. The reasons for this break were of a na ture now paralleled by the events en circling President Wilson and his Sen ate. Douglas demanded the distribu tion of public offices in support of his policies. President Buchanan differed from Douglas and permitted the pat ronage to ne used against Douglas. "President Wilson presents the on poslte attitude. He puts the public good above the public office and de clines either to give out offices to Senators as compensation for their tun- port or to penalize those who oppose mm Dy aenying tnem public patron age. Buchanan went to defeat in trv ing to retaliate on Senators who op posed his policies and went to noliticai disgrace In trying to destroy Senators oecause tney would not support his' policies. "President Wilson is attempting to inaugurate the system that James Mon roe put into effect with success in the era of good feeling in 1823, and seeks to emulate the course of George Wash ington in recognizing no party organi zation as having any right to urge its existence as a mere agency of politi cal oinoea. Loggers Will Have Celebration. CENTRALIA, Wash., June 27. (Spe cial.) The Inman-Poulsen camp, lo cated near Kelso and operating thi only logging V. M. C. A. in Cowlit County, will celebrate Julv Fourth with a programme of track and Held events arranged by C. A. Seeger, secretary of the T. M. C. A. In addition there will be a gorgeous display of fireworks. 1 MHMMWMMMIHHMHHRHHBHMHn First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of tb Rocky Mountains . CORNER FIRST AND WASHINGTON ST 3 LADD STILTON BANK Established 1859. Capital Stock $1,000,000.00 Surplus and Undivided Profit" 1,000,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, available ia all parts of the world. omcKRs. VModJ?'aBL'SeRt-, Robert S. Howard. Asst. Cashla C o ok 1 n s h a m Vtcs-rr . J W. Ladd. Asst. Cashier. Vw . H. rmnckley. Caahiar. Walter ilTCook. Asst. Cashlsr. ., R ri I I clM el ! LI H ICias Mil 1 m . B H If"" R till ri h w m a mrya m r .ii-aas3- F I 1 K Mi IS If. 1E3 Ji- fill J?ZLiZ Bailings from ZESx ' LA LA IX)RR.UK .Tnl tFKANCJS (new) JaJy J4 rBOv"jbCK.'. .".Aug. 'l LA BAVOIB July 81 tFRANCE (new) AuS. 21 vin-screw stftmor. TWuudrupici-screw Bteamer. SPECIAL HATIRDAV SAILINGS FROM NKW YOKK. S P M OXB CLASS CABIN 11 and IiilRl)-Ci.A ks PasseuEers Only MAGARA July 10 CHICAGO --Aur S xf JPF'l- 80 th "t-V.Al,;.b;r,on' S:f6 Jl"rrioo st.j i. O. Thomas". C. M. & bt. I. Rr.l Dorsey B. Smith. 5th St. ( A. O. Nhrliion. 100 Sd ft HT Ulckson. 113 Sd st.: North Bank Hnad. SI fa and Htark .ts. T a cents PoriiandT COLLEGE SITE FIXED Lutheran Institution to Be Lo cated in Seattle. DELEGATES ARE SELECTED Annual Convention of Pacific Synod of Evangelioal Church, In Ses sion at Vancouver, to Com plete Business Today. VANCOUVER, Wash., June 27. (Spe cial.) After a debate and discussion, which lasted most of the day. at 5 o'clock; It -was decided by the 13th an nual convention of the PaclHe svnnH n f the Evangelical English Lutheran Church to locate Its Pacino Coast Col lege and Seminary In Seattle. The seminary is now In Portland, and will remain there until a suitable place for Its location In Seattle has been pro vided. Several cities were advanced as suit able places for the college, Vancouver being one of them with an offer of several acres of ground for the college campus and buildings, but the main flght soon became apparent between factions in favor of Seattle and Port land. Practically nothing else but this matter was settled today, Httle other business being attended to. At 5 o'clock a truce was held and the Port land adherents gracefully removed their objection and pledged their sup port to Seattle aa the home of the Lutheran College. The site for it will be secured as soon as possible. Mrs. W. S. T. Derr, of this city, and Mrs. D. J. O. Westheim, of Victoria, B. C, were elected delegates to the National convention of the Missionary Society to be held In Toledo, O., Sep tember 18 and 19. Miss Beulah Derr was selected as alternate. The hext place' of meeting will be selected tomorrow, when practically all of the business will be completed. But the delegates are not to return to their various homes until after Sunday, when special services will be held In St. Paul's English Lutheran Church here. SEASIDE REST ROOM OPEN Mothers Visiting Ocean Kesort 3Iay Check Their Babies. SEASIDE, Or.. June 28. (Special.) Seaside s free public restroom, now open with Mrs. Vonnle Owings Webb as matron, is proving a popular place with women visitors. A large and well-arranged nursery has been partitioned from the main rest room and here mothers may check their children or their parcels. Most of the labor and equipment were donated by residents of Seaside. Plans are now being completed for a social evening at the regular meet ing of the club, which will be July 11. Linnton Brevities LINNTON, Or., June 27. (Special.) City Engineer Kelsey is making a sur vey for a sewer to provide for tho Whitwood Court and Maybrook addi tions. At the postponed meeting of the City THE best proof of Bitulithic value as a paving is to inspect the many Bitulithic streets in Portland and judge for yourself. Comp.4nie Gener&le Tr&nsatlantique Direct Line to Havre-Paris (France) New Yura every Thursday at io A. M. PROVENCE Thursday. July 10 17 T.A T OPR IIVL' Council Thursday an ordinance via passed providing for the building of a sewer from the Clarke-Wilson lumber mill to tho Associated Oil Company's plant at a cost of over 23,000. A meeting of the school directors is called for Monday, when the question of repairing the Linnton schol build ing and the erection of a new school building at Willbrldge will be consid ered. Tho Willbrldge school will be built in tlie district acquired from Portland last December, when Linnton extended its limits to the Portland city limits, and Is now district No. 37. The assessable property In the new terri tory is approximately $1. 000, 000. J.C. WILSON & CO. STOCKS. BONDS, CItAIV AM) COTTON. MKHBKKS NKW YORK STOCK EXCHASGK. NEW YOKK. COTTON KXClIAXiE, CHICAGO BOARD OF TRADE, THE STOCK AN D BOND EXCHANGE. SAN MANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street. Phones Marshall 4120. A 4187. TRAVKI.KKJi- GCIDM. EXCEPTIONAL SECOND CLASS ACCOMMODATIONS BY BOSTON SERVICE The S. S. C LK V K X, A N I. V 1XCI37 -' NATI and BLI KCilfcK ar alitpn of unusual tonnage, providing spacious ca-blns. staterooms, and deck space. Tho Second Cabin accommodations compare favorably in comfort and luxury with the first cabin of ves sels of less tonnage. From BOSTON to LONDON 1-AiUd liAMJBL'RO Cincinnati July 13 Cleveland July 29 Cincinnati AliffUftt IS Cleveland September 13 Hamburg-American Line 160 Powell t., San Francisco. Cal.; South ern pacific Co.. 80 6th at.; O.-W. R. & N. Co., Nor. Pacific, D. tc. K. Q. R. R.. Burl ington Route. Milwaukee & Puget Sound R. R.. Oreat Northern Railway Co.. Dora.jp H. Smith. i9 S:h at.. Portland. Oregon. AUSTRALIA TAHITI AND NEW ZEALAND. Round Trip Rate: lt rlaaa to Tahiti f 135, to Wellington i7.50. to Sydney $:00. - Kleial Pax-lfic Ocean Tour (ineludinc South Sea lalua) to Sydney via. Tahiti. Kro tonga and New Zealand and returning to fian Francisco (or Vancouver) via Auckland, Fiji or tiaiuoa and Honolulu, I3UG. 1st claaa. Stop-overs any point, good one year. Sall fvom Kan Francisco Juna 25. July 3. August 20. etc. Union Steamship Co. of Ner Zealand. Ltd. Office: 7 .Market Street. San Francisco. M. a, JW J-U. ""... EX PRESS STEAMERS FOR San Franclnco and Los Angeles WITHOUT CHANGK. 8. S. BEAVKK Sails A. M. July 1. 8. 8. RKAK, July . THE SAN FRANCISCO PORTLAND 8. S. CO.. Ticket Off sd and V-hing-lon, With O.-W. K. & Jf. Co. Phono Marxhull 4:0, A ltl. San Francisco, Los Angeles and San Diego Direct "S. S. Roanoke and S. S. Elder. Sail Every Wednrsdav Alternately at 1 l .VI. NORTH PACIFIC S. S. CO. 132 Third !t. Phone Main 1314. A 1311. AsU All Urn xi Una Ptr(s t-sree, Vcw and Ft P:MettyT Stumers from fe York every alternate Saturday, tt DATS TO RIO JANEino. 23 DAYS ro BUXKOS AT RES. fwr T9m. AtrpiT Wo' tlck Arwii COOS BAY LIME hTKAMSH U- "BREAKWATER" sails from Albers Dck, No. .!, Portland, at S A. .-4. June 4. 9, 14. IB, 24. 20. July 4. a. 14. 39. 24 l'a. thereafter every five diva, A. 21. Freight received daily until 3 P. M . except day previous to sailing, previous day 4 P. M. Passenger fares; First-class, second-class. $7. including berth and meals. Ticket office at Albers Dock No. 3. PORTLAND COOS BAY S. S. LINE. L. It. KEATIXU. Agent. Phono Main 6803. A 614L Drain-Coos Bay Auto Line Now Daily to AIa.rshf leld. Wire reservations to O. Mattoon. Drain. Oregon.