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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 10, 1914)
the aioRxry g oitEGoyiAy vepS"eSt ay. Jtryc io;"i9i4. 21 WHEAT TRADE WAITS No Forward Business Passing in Local Market. BIG CROP CHECKS DEMAND Exporters Securing Tonnage for New Season, bat Making Little Effort to Contract for Grain Govern ment Estimates Questioned. It has been many years, wheat dealers declare, since It wu so difficult to transact forward business as It la now. They ascribe the lack of Interest on the part of buyers solely to the prospeots of a large crop. Usually a food volume of trade has been worked by the second week of June by both exporters and domeatto dealers, but up to data thin season the market has been an Inactive one, as la shown by the absanoe of eontraotlns; In the country. Although they are maklnc no evident ef fort to pro on re new wheat on contract the exporters are accumulating- a good amount r tonnage against the coming season's busl- Beas. To date they have chartered 14 ship and steamers of an aggregate registered ton nage of T5.S7S tons to move the new crop. On this date last year J vessels of 60.491 tons were listed, two years ago there were eight ahlpa of 14,024 tons en route, and three years ago 16 ships of 36,678 tons. So far this season Puget Sound shippers have listed seven sailing vessels and one steamer of an agregate registered tonnage of 1C.I32 tons. The total apace chartered for Xorth Paclflo porta for the new crop is around S.0OO.OCO bushels. With a big crop In sight exporters are in no hurry to provide cargoes for the ton nage under engagement. There is but little demand in Europe at the moment, and the trade Is, therefore. In a waiting attitude. While a large crop Is practically certain In the Paclflo Northwest wheat men here do not look for anything like the produc tion estimated by the Government Monday. The official figures for the three statea were in excess of 78.500,000 bushels, which are regarded as at least 10,000,000 buahela too high. The Oregon Winter wheat estimate, the Government gives as 15,000,000, which Is considered a closer guess than the Federal estimators have made in past years, and the Idaho figures of 10,100,000 bushels are also believed to be near the mark, but the esti mates for Washington of C4.4OO0.00O bushels of Winter and Spring wheat are seriously questioned. There was practically no business being transacted in the spot wheat market, and the barley and oats markets were also In active. Local receipts In cars were reported by the Merchants Exchange aa follows: Wheat Barley Flour Oats Hay Monday 20 i 17 10 14 Tuesday 13 S 4 z 2 Year ago 1 2 6 4 14 Jbeason to date 15644 2730 2408 2773 3491 12 1645 2712 S886 Year ago 17044 WARM WEATHER IS NOW NEEDED Ilolnfall In Past Week Beneficial to Ore gon Crops. The following summary of the weather and its result for the week ended June 8. 1814. on the condition of the principal crops in Oregon Is based upon Investigations made by a number of correspondents reporting to the local office of the Weather Bureau: The week opened with cloudy skies, but temperatures were high enough to promote nearly normal plant growth. The last four days, however, were rainy and although the rains that fell were very beneficial, the temperatures were too low for favorable advancement of crops. There Is now suffi cient moisture In the soil for present needs, and fair weather la now necessary for gath ering the hay crop. Hall on the fourth in jured some fruit, and there haa been rather too much rain for strawberries. On the fifth - in the eastern part of the state frost dam aged corn, beans and potatoes. Wheat continued In good condition In all sections and prospecta are very good for a satisfactory yield. Rain and hall have caused some of the early matured grasses to lodge badly, but with favorable weather for the next few days much of the crop will be gathered. Apples and pears are developing rapidly and cherries are coloring up. All pasturage continues In good condition throughout the state. PRUNE CKOP ESTIMATES. ARE RAISED California Yield Now l'igured as High aa 130.000,000 Pounds. The California prune market Is In a some what unsettled condition, as crop estimates are gradually being advanced. On this sub- ject the latest Issue of the California Fruit Urower says: 'There has been some little fluctuation In new-crop prunes during the past week. The fact is that estimates as to the probable production have been advanced a little late ly, and while some operators stil hold to the previous ideas, orners have advanced their estimates as to tonnage, some as high as a total of 130.000.0U0 pounds for the state. The rather general opinion at -present seems to range In trie neighborhood of 15,000,000 pounds. Some other operators, on the other haud-aro-of the opinion that the total will be 100,000,000 to 110,000,000, as has been recently rather generally ngured. "The Santa Clara Valley tonnage shows a little Increase In estimated output recently. This has reduced selling quotations some what and during the week Santa Claras have been reported aa quoting as much as lie off on the smaller sizes from what has ruled." . LNQTJIRK FOR NEW CROP HOPS Market for Spot Goods Is Inactive Condi tions In New York State. Trading was quiet in all the Coast hop markets yesterday. There was some in quiry for contracts in this state, but no activity in spot hops. The warmer weather following the abundant rainfall of the past w.ek, is expected to benefit the yards ma terially. Aa to conditions In New Tork State, the Waterville Hop Reporter says that splendid growing weather for the past fow weeks has pushed the hop vines forward at a rapid rate. The vine is thrifty and of a fine, healthy color, green and clean-looking. In most yards the second tying has been done. Kor the past few days that section has been visited by high winds, but the vines were not seriously affected, as it Is too early in their growth. Cold nights are somewhat retarding the growth at present and a good, soaking rain would bo of benefit, but so far there can be little complaint of conditions unsuitable to the growth of the vine. CANTAIOCPB MARKET IS TOPHEAYx" supplies Too Large for Present Demand. Melons Selling Well. The cantaloupe market was topheavy yes terday. Two cara were received during the day and, coming after the heavy receipts of Monday, , overstocked the market. Prices wers lower at 22.5 at crate. Watermelons sold well at n3tt cents a pound. The strawberrry season Is now practically over, so far as shipping trade Is concerned. Prices on the street ranged from SI to 41.10 a crate. . Cherries were plentiful and weak. The best Bins wero quoted at 12 Vi cents and common cherries sold down as low as 4 cents. The market was fairly well supplied with California deciduous yrulta, which were steady. Poultry Supply Is Large. Poultry receipt were on a large seal and Fries wsr weak. Saver al dealers cleaned up on their supply of hens at IS cents. Broil ers sold at 22 to 23 cents, according to aise. uressed meats were steady. There has been no material change in the egg market recently. The supply Is not large and but for the poor quality of a good part or the receipts prices would be firmer. The butter and cheese markets were un- Hank Clearinra. Bank clearings of the Northwestern cities jresieruay were as follows: Clearings. Balances. Portland gl.788.669 S 89,022 2,139.967 .SO9.940 Tacoma 358,308 28.579 Spokane 667,931 66,117 PORTLAND MARKET QUOTATIONS. Grain, Flour. Peed, Etc. WHEAT Track prices: Club, 85c; blue stem, 878Sc; forty-fold, 86c; red Russian, jrae: valley. S5c. MILLFEED Bran. $23.5024 per ton shorts. L'3.30 4?27: middlings. 3233. FLOUR Patents, $4.80 per barrel straights, $4.20; exports, 13.30: valley, 34.50; granam, 14.80; whole wheat, f5. HAY Choice timothy, S161T; mixed timothy. $l?rS15; valley grain hay, Sll 18: alfalfa. Sll12.rj0. BARLEY Feed. $2021.00 per ton; brew ing. 1.50igi2i; rolled. S23.50&24. OATS No. 1 white milling, 22 22.25 per ton. CORN Whole. 133; cracked, $38 per ton. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranirea. navels. $2 3.25 per box; lemons, $5 6.50 per box; pineapples. 6o per pound; bananas. 4 He per pound; grapefruit, Florida. S5.50&6.50 per box. VEGETABLES Cucumbers. 1.25 per dox; eggplant, loo per pound; peppers, 2ttf 25c per pound; radishes, 1517V&c per dosen; head lettuce, $1.75 per crate; arti chokes, 65 75c per dozen: celery, 33.50 04 per crate: tomatoes. $2.254.50 per crate: spinach, 5c per pound; horseradish, 10 Q 12c: rhubarb. 2&3 per pound: cab bage, lc per pound; asparagus, 11.2S per aozen; peas, &c per pound ; beaot, 7 V toe per pound; corn, 4O&o0c per dozen. u.mons Ked. j.753 per sack. GREEN FRUITS Apples. Jl. 502.75 box: strawberrrles, II 1.10 per crate: cherries. 412Ho per pound; gooseberries, 3H6o per pound ; apricots, il.Za per box: cantaloupes, 32 2. GO per crate: peaches. $1.25 per box: plums, $1.35; watermelons, S143V4o per pouna. POTATOES Oreaon. 90c &S1 per hun dred; sweet potatoes, $4.60 5 per hundred; new jsiuornla, 2c per pound. SACK VEGETABLES Turnips, new Cali fornia, $1.23; carrots, $1.50; beets, $1.50. Dairy and Country Frodaee. Local jobbing quotations: TTrnrici E..,h rVAnnn ...... v. . . uit.uu . nil Lll, b,BO VOUUt. 21c; candled, 2223c per dozen. POULTRY Hens, 15c; broilers, 2225e; i ui k- . nve, uyjic; aresseu, cnolce, 2526c; ducks, i212V4c; geese, 10llc. BUTTER Creamery prints, extra, 27 He per pound; cubes, 22Va24c Vinricor. uregoa twins ana triplets, Job bers' buvinr TirlcA 1Xi ni naiitnl a K dock Portland. PORK Fancy, 10 S$ 10 Ho per pound. VEAL Fancy, 1010c per pound. Staple Groceries. Local jobbing quotations: SALMON Columbia River, one-pound tails. $29.25 per dozen; half-pound flata, $1.40; one-pound flats, $2.45; Alaska pink, one-pound tails, 85c; sllversides. one-pound tans si.zo. huney cnolce, 3.50f3.75 per case. NUTS Walnuts. 14 20c ner pound: Brazil nuts. 20c; filberts, 1415c; almonds, 1928o; peanuts, 66V4c; oocoanuta, $1 per dozen; chestnuts. 8tt10e per pound; pe cans, 14 15c BEANS Small white, 6He: large white. 4.85c; Lima, 8c; pink, 5.180; Mexican, 6c; bayou, 7 c COFFEE Roasted. In drums. 10 1 52a ner pound. SUGAR Fruit and berry. $4.05: best. 34.75; extra C. $4.45: powdered, in barrels. $5.20. SALT Granulated. $15.50 per ton: half- ground, 100s, $10.75 per ton; 50s, $11.50 per ton; dairy, $14 per ton. RICE No. 1 Japan. 4U?5c: Southern head. 647Hc: island. 505 He DRIED FRUITS Apples. 10911o per pound; apricots, 16i!0c; peaches, 8llc; prunes, Italians, 810Hc; currants. 9Hc; raisins, loose Muscatel. UfiTWe: bleached Thompson, 119ic; unbleached Sultana, 6 tie; seeded, 9c; dates, Persian, 77o per pound; lard, 31.40 per box. FIGS Package. 8 os.. 60 to box. $1.83: package, 10 oi., 12 to box, 80c; white, 25-lb. dox, si. to; DiacK. za-io. box, $1.75; black, SO-lb. box, $2.50; black, 10-lb. box $1.15: Calarab candy figs, 20-lb. box, $3; Smyrna, per box, $1.50. Hops, Wool, Hides, Etc HOPS 1913 crop, prime and choice, 14 16e; I14 cor.tracts, 14413c. PELTS Dry, 11c; dry short wool, 8e; dry shearings, 10c; green shearings, 13c: salted sheep, 31. 251.50; Spring lambs, 25 85c. HIDES Salted hides, 13 He per pound; salt kip, 14c; salted calf, 19c: green hides, 12V4c; dry hides, 24c; dry calf. 2V4c: salted bulls, 10c per pound; green bulla, 8 He WOOL Valley. 20 23 He; Eastern Ore gon. iBgi20Hc. MOHAIR 1914 clip. 272So per pound. CASCARA BARK Old and new, 5c per lb. GRAIN BAGS In car lots, 8c. FISH Salmon. ll12o per pound; halibut, 4H5Hc; buck shad. 2Hc; roe shad, 4Hc; silver perch, 8c. Provisions. HAMS 10 to 12-pound, 18H19Hc: 12 to 14-pound, 18H19Hc; 14 to 18-pound, ISH&lOHc; skinned, 18r20c; picnic. 13c BACON Fancy, 27 28c; standard, 21 H 24c. DRY SALT CURED Short clear backs, 13HlBKc; exports, 1416c; plates, 110 13c. LARD -Tierce basis. Pure. 124213e: compound, 9c. Oils. KEROSENE Water white, drums, bar rels or tank wagon. 10c: special, drums or barrels, 13 He; cases, 17 V- 20 He GASOLINE Bulk. 15Hc; oases, 22Hc; motor spirit, bulk. 13Hc; cases, 22Hc. En gine distillate. drums, THc; cases, 14Hc; naptha, drums, 14Hc; cases. 21Hc. LINSEED OIL Raw, barrels, 61c: boiled, barrels, 03c; raw, cases, 66c; boiled, cases. esc. TURPENTINE In cases. 65c per gallon; tanks, C8c. FUTURE VIEWS HOPEFUL BtraiPER chops substantial rea son FOR CONFIDENCE. Wall Street Believe That Many Un favorable Condition Have Already Been Largely Discounted. Good reasons for confidence in the future business are given by Henry Clews, who writes from New York as follows: During the week there has, however, been a disposition to take hopeful views of the future. It is recognized that many of the unfavorable conditions have been largely discounted, and that the financial situation has been materially strengthened by persistent liquidation. The present con traction in certain lines of industry, it is felt, cannot continue indefinitely. Economy has in some cases been pushed to the star vation point. Our railroads must Inevitably soon come into the market for rails, equip ment and general replenishment, if only to keep their plant up to necessary standards and within the lines of sound and safe management. Contraction In the steel trade upon the present scale for any great length of time is Impossible. In other lines of in dustry supplies of merchandise are relatively light, but retrenchment has not been so keen In every direction. It is In the steel and certain departments of real estate busi ness that depression has been most severe. The most substantial reason, however, for taking a more hopeful view Is the pros pect of an enormous wheat crop, the most optimistic estimates still running as high as 900,000,000 bushels, compared with 760. 000,000 bushels last year. The Winter wheat harvesting la already about to begin. Kan 'sas and a number of other states In the wheat belt are counting upon a period of great prosperity as a result of the wheat harvest. The promise Is also good for the oat crop and fruits of all kinds. As for corn, planting is still Incomplete, and it is yet too early to form any opinion of this Important cereal; but the conditions of soli are known to be almost universally favora ble. , Chicago Dairy Produce. CHICAGO. June 9. Butter, easier. Creameries. 20 26 He. Eggs, lower. Receipts, 23.780 cases; at mark, cases Included, 1618Hc; ordinary firsts, 1717Hc; firsts, 1801814c Cheese, unchanged. Dried Fruit at New Tork. NEW TORK, June 9. Evaporated apples, steady. Prunes, firm. Peaches, steady. INQUIRY IS BROAD Stock Buying Is Larger and Prices Advance. MARKET UNDERTONE GOOD Crop Prospects' and Unofficial State, merits That Freigbt-Rate Case . Will Be Decided Quickly Are Bullish Factors of Day. NEW YORK. June 9. Another small ad Vance In stocks occurred today. While trad ers continued to SHOW indifference to. out side Influences, sentiment was cheerful and me inquiry was broad. Unofficial statements that the freight rate case would be decide Mnirviv aia Ice aa a bullish factor. This and crop pros pects stimulated buying. The outflow of e-old continnaA . usually rapid rate. Engagements for Europe -.."wuuict io o,oou,uoo, making S10. 50O.0O0 in the first two nv. of .,. w and a total of $30,000,000 for tho movement. Ordinarily, such a loss of -dd might bo ex pected to gtvo a depressing influence on the stock market, but the same indifference was manifested today as heretofore. Bonds were steady, with unusually wide speculative issues. Total sales of bonds, par value, $2,560,000 United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Reported bv .T r it- u . . Closing bales. High. Low. Bid. Allis-Chal Amal CoDDer - . 5,000 72 71i 72 H 3.800 29 284 28? 3.800 29i 28 V 29 Am Beet Sugar. Am tan -o . . .. do preferred. . 10O 93 1)3 H 93 H ""i w or toy, 1,100 52 01 H 61 Si Am Cotton OH. 100 43 43 43 Am Smel & Ref 00 e4 63 3H do preferred. . loo 101 H 101 H 101 H Am Sugar 100 108 108 k H)S. do preferred 113 Am Tel & Tel.. TOO i-q! i.o,, Am Tobacco 7Hl -j-t iL. oZniT n.,?' Anaconda 1.400 !:! 5iT4 Atl Coast Line. 200 123H 123H 123 C A T & Santa Fa 1.9UO 99 u. axu. nail do preferred.. ...... 100a? Bait &. Ohio ... 1,800 92 91 91 Brook R Tran.. 4.100 92 62 2 92 H Canadian Pac .. 1.800 19 19514 195 5 C & O 1,500 62T4 52 52 C & G W 300 14 14 i4 C & N W ."UIO 151 T!l 111 71 C, M & St Paul. 1.7100 101 101 101 Central Leather 3,300 33 35 35 Qhlno 1.500 41 Vi 41Ai 41 0. Col Fuel & Iron otiT Col Southern 2 Consol Gas 400 129V 129ii lSfllA D L & W ..... 4oi D & R G iTii Distilling Secur. BOO ikja is ir.iZ Erie 1.100 29!. 29 :uu General Elec ... 2O0 148 H 148 148 Gt North Ore .. 70O 32 31 811 Gt North pf ... 1,000 125' 124 124 Illinois Central. 800 113 113 113 Interboro Metro 1.50O 10 15 15 do preferred., fl ono. a-. kju a-. Inter Harvester.. ..... ..... 107 lv C Southern.. 2.500 27 27 27 Lehigh Valley.. a.lOO 137H 137 136 Louis & Nash.. ROa lafiu isa iall Mexican Central 11 Mo, Kan & Tex 200 17 17 17 Mo Paclflo 1.200 18 18 18 National Lead a.i S Nat Biscuit 131 do preferred.. 19 New Haven . 700 66 66 60 N Y Central ... 700 93 93 93 N Y. Ont &. Wes su Norfolk & West 1,100 105 105 105U r-ac .. 1,100 111 111 111 Pacific Mail ..... 23Z4 Pacitie T & T 27 do preferred. km Pennsylvania ... 2.500 111 111 111 People's Gas 121 Reading 13,200 165 165 165 Republic S & I.. 1.300 IS.Xi. 1 'ir.i.'. Rock Island Co. 900 n-ll 3 " it Southern Pac .. 4.B0O 94 93 93 Southern Ry ... 300 25 25 25 Texas Oil 500 147 146 147 Union Pacific .. 7,900 156 156 156 do preferred.. 400 84 u m. m United Rds SF 12 U S Steel Cor.. 20.500 62 62 62 do preferred.. l.yoo 110 Kiai: mnK Utah Copper .. 3,500 56 56 66 Wabash Western Union.. 400 61 61 61 Westine Eleo .. 1.500 77 i n ti Wisconsin Ceat 40 Total sales for the day, 146,600 shares. BONDS. Reported bv Overbeck A- Cook r.n -nnmra of Trade building. Portland. Bid. Asked. Atch Gen 4s 95 95 Atl Coast Line. 1st 4s 93 o B & O Gold 4s 94 94 B R T 4S 2 92 Ches & O 4 s. 93" 94 C M & St P Gen 4s 102 102 C R I Col 4s j nssi m Cal Gas 5s 93 93 C B A Q Joint 4s 97 S7'A Erie Gen 4s 73 73 Ir.t Met 4Hs 77 77 Louisville & Nash Un 4s div o Missouri Pac 4s 56 69 NYC Gen 3Hs 83 63H N & w 1st Con 4s B.ti - Northern Pac 4s 95 3 Oregon Short Line Ref 4s 92 92 1 du ii us M7 9H Penna Con 4s . ...100 Reading Gen 4s : . 5 90 St L & San Fran Ref 4s m 7rtii So P Ref 4s 82 ' 93 S P Col 4s 90U. 91 So Ry 5 104 105 So Ry 4s 73 73 Un By Inv 4s 53 56 Un Pao 1st and Ref 4s 94 95 U S Steel 6s &, 10s 103 West Shore 4s 93 94 Wabash 4s 62 53 W'houce Elec cv 5s 95 9 Wisconsin Central 4s 88 89 United States 2s registered 98 97 do coupon 97 as United States 3s registered 101 102 do coupon 101 102 United States 4s registered loo 110 do coupon 110 111 Stocks at Boston. BOSTON, June 9. Closing quotations: Allouez 40 I Nevada Con .... 14 Amal Cop 72 Nlpissing M . 6 A Z L & Sm 16North Butts 25 Arir Com 4 9-10iNorth Lake 1 Calumet Aril. 63 Cal & Hecla 410 OBceoia ......... 70 Quincy 57 Centennial 16 Cop Range C C E Butte Cop M. 06 Shannon ........ fill 10 Superior 28 . 4iSun & Boston lw . 9 Granby Con 82;Tamarack 85 Greene Cananea... 321U S Sm & M 33 I Royalle (Cop) 20 do preferred... 46 4 Utah Con 10 6 I Utah Copper Co. BO 4Winona 2 Kerr Lake Lake Copper . . La Salle Copper. Miami Copper . . Mohawk - wolverine 45 Butte & Superior 40 Bank Clearings. Bank clearings in the United States for the weert enuinj? june 4, as reported to Brad street's. aKCrfnate S3. 231.327.000. anlnn 82. 8S5, 446.000 in the preceding week and to..i;i,iiio,TOu in tne same week last year. Following are the returns for the past week with percentages of change from the cor responding week last year: P. C. Inc. r.ew York tl,92.O.'5.000 2.3 unicaso 280.7S7.0O0 4.2 Philadelphia 139.845.000 20.8 Boston 153.440.000 3.0 St- Louis 84.019.0n0 ltt.3 Pittsburg 4S.716.000 12.2 Kansas City 42,600.000 4.1 San Francisco ......... 44.1O2.0O0 2.3 tuiumore ss, ,6.1,000 14.2 Detroit 21,313.000 1.2 unciraiai' 21,120,000 8.4 .Minneapolis 22.531.000 15.3 Cleveland 21.044.000 5.2 Los Angeles 22.141, 000 5.0 new urieana 14.000,000 20.3 Omaha 15.048,000 7.6 amwauKee 13,728,000 .8 Atlanta 10.570,000 19.6 Louisville 10.967.000 13.9 neattie 12.705.000 11.2 Buffalo 10.751.0O0 4.7 Portland, Or. .......... 9.193,000 20 7 Salt Lake City 4,692,000 14.B Spokane 4,025,000 3.7 uaKiana :. 3.273.000 8.0 San Diego - . 1.954.0110 Tacoma 2.389.OO0 2.9 Sacramento ............ 1,960,000 2.8 Decrease. Money, Exchange, Etc NEW YORK, June 9. Mercantile paper, 3 U per cent. Sterling exchange, steady. 81xty days. J4.SG20: demand. S4.8S85. Commercial bills. $4.85. Bar silver. 56 He. Mexican .dollars, 43 He. Government bonds, steady; railroad bonds, steady. Call money, steady. 1 2 per cent; rul ing rate, 2 per cent; closing bid, lb per cent. Time loans, steady: 60 days, 22 per cent; 00 days, 2 2 per cent; six months. S3 per cent. LONDON, June 9. Bar sliver, quiet. 25 15-16d Ter ounce; money, 12 percent rat of dlsooia. In open market for short blUm e per cent; do, throe months bills, 2 62 11-16 per cent. SAN FRANCISCO June 9. Silver bars, 56c. Serling on London, 80 days, $4.86. Condition of the Treasury. WICmVflTnW T . . n TI. I . J -. ...vi .u... J UIID . 1 !! vuuuiuun 01 the United States Treasury at the beginning nf Vi 1 1 si n A C . t n H q - n . Net balance in general fund,. . .$77,107,490 Total receipts yesterday 1.034.S4O Total payments yesterday 2.102.658 against a surplus of 9.280,488 last year, ex clusive of Panama Canal and publlo debt SAN FBANCISCO PRODUCE MARKET Price Quoted at thai Raiv ntv mm TVnltw. egetables, Ete. SAN FRANCISCO. June . Fruit Pine- v-knls srr' O St . I . -i ntnn 11 25 a 1 7?" Xt --, it-,.. coaiA California lemons, $3.50 g 6.50. vase tables -cucumber 40c $1; green peas, 2 y & 5c. ESS Fancy rancn 2SHe; store, 23c Onions iBermudaa, 2S2.25; red, $2Q Cheese Youn-r AmarlcftA 14UAikm na- 11 He 13c. Butter "Fanor tarmmrw. uunH.-i 28 c sweets. S2.5692.75; new, leic; river cuiDoii.1, i.og i. io. i RecAinr Vloii 99A ....... . . 2080 centals; potatoes, 825 sacks; hay, 469 Coffee and Sugar. NEW TORK, June 9. Increasing? irlmirr receipts and easier European cables In spired some scattered selling In the cofree market today. The opening was 5 to T points lower and the market closed at a n.t iam nf 5 to T points. Sales, 16.600 bags. June, 8 7o; July, 8.04c; September, S.24o; October, 9.84o; December, 9.61o January, 9.53o; March, 8.6jc; slay, e.PSo. Soot, steady. Rio. No. T. Itlai huiox nl 4. 12ei2o. Mild oof foe. dull. Cordova, in viv, nominal. Raw sugar, firm: melasma. a.As-; MntH. fugal, 8.29c; refined, steady. Pnvet Sound Wheat Market. SEATTLE! Wash.. June . WhftRtDTM. stem, 8So; fortyfold, 86 c; club. 85c; fife, Yesterdays car receipts Wheat. 18: oats. 11; barley. 6; hay, 25; flour, 7. TACOMA. Wash- June 9. Wheat Blue item. &Sa: fortvfoM hltf fluh t - u 85c. ' ' ' Testerdays oar receipts Wheat, SS; bar ley, 6; corn, 2; oats, 6; hay, 16. Metal Markets. NEW YORK. June 9. Lead, aulet ' S 85 in 8.95; London, 19 6s. spelter dull, 6.05 4 5. 15; London. 21 7s 6d. CopDer auiet. SDOt end Aunriist 13 4i 13.90: electrolytic. 13.87 a 14.12 U : lake nominal; casting, 18.7513.87.. iin quiet. pot. au.ooff au. a; August. 30 of 80.85. Antimony dull. cooKson'a. 7.257.S7. Iron steady. No. 1 Northern. 14.751X25? No. 2, 14.50 315.00. , Naval Stores. SAVANNAH. Ga.. June 9. Turoentln Firm, 46c Sales, 895; receipts, 1231; ship ments, 148: stocks. 19,154. Rosin Firm. Sales 2559; receipts. 8888; shipments 276; stocks, 111,753. Quote: AB, 3.753.80; CD, $4.054.10; F, $4.12 4.20; G, 14.20; H, S4.1O04.25; I. S4.15&4.30; K. 4.45; M. S4. 85 5.00; N. 16.00; WG. S6.2S: WW, S6.006.55. CATTLE SUPPLY SMALL ARRIVALS OF HOGS AT NORTH PORTLAND ALSO LIGHT. Sheep Run I rteec and Market I Steady Bulk of Lass Sale Are at . There wss only a limited supply of cat- t)e and hogs at the stockyards yesterday. but the run of sheep was good. Everything offered was disposed of by noon. The mar ket, on the whole, held steady. About three loads of steer were avail able, and the best of these brought 87.65. A few odd lots of butcher cattle, mostly medium grade, were also sold. Not enough hogs were on the market to make much of a showing, and buyers' limit was $7.90 for light swine, against a top price of 87.98 paid on the previous day. Lambs monopolised attention tn the sheep house. With the exception of ens load, all that were offered were taken at 8s. A bunch of yearlings sold at $4.78 and three mixed lots brought from $4.25 to $4.(5. Receipts .were sa cattle, 81. hogs and list sheep. Shippers were: With cattle. Thomas Cir. mlchael, Gaston. 1 car; W. K Newell. Gas ton, 1 car; C H. Brennan, Glendale, $ ear; . Anderson, Goble. 1 car. With hogs, W. W. Mason, Roosevelt. 1 car. With sheep, Hugh Cummlng, Oorvalll. 4 ears; T. J. Barclay. Corvallls, 4 car; J. B. Davis, Shedd. 1 car. The day's sales were as follows: Wt. Prlce.l Wt. Price. 1360 $7.16 1430 5.60 izo iambs.. 69 J.oo 1 steer lis Iambs. . 68 6.00 6.00-1 1 bull 1 bull 7 steer. .. 14 steers. .. 5 cows. ... 1 cow 23 steers.. . 19 steers. .. 9 hogs. . . . 40 m. sheep 89 m. sheep 1 sheep. . . 1 hog. ... . 1 hog 1 hog 4 hogs. . .". 19 hogs. . . . 141 lambs. .. 147 lamb. .. 7ff lambs. . 89 lambs. . 85 lambs. . 73 70 61 88 100 67 67 104 1010 1860 30 95 226 2F.S 315 218 210 144 195 1560 6.50 6.00 1128 1143 104 0 1300 1215 J229 171 S 108 130 ISO 160 130 160 150 67 62 7.10 6.00 7.66 158 yearlings 4 76 4.60 5.60 7.6S z ewes. . . 26 lambs. . 4.00 6.001 6.00 103 lambs. . 258 m. sheep. 7.66 7.90 4.45 1 cow. ... 6.25 5.00 4.66 4 35 2.50 7.66 7.66 1 bull. 1 cow. ... 2 calves.. 17 hogs. . . 15 hogs. . . 2 hogs. . . 3 hogs . . . 10 hogs. . . 6.RO1 5.00 7.90 7.90 7.40 7.90 7.S0i 7.90 7.0 7.65 7.66 7.65 6.00 S.85 6 nogs. . . 4 hogs. .. Current prices of the various classes of stock at the yard followi Prime steers 7.758.00 Choice steer Medium steer ............ Choice cows .............. Medium cow .............. ..... 7 'ro 7.50 ..... T.00r T.2S 6 50(i 7 00 ..... t oon e 21 Heifers ................... 6.500 7.25 7.O0( 9.00 Calves Bulls , 4.00 4 S.25 0.500 7.0 Stags Hogs Light , T.50 & 7.00 . 6.500 6.00 . 4.20 4.75 . 8.25 4.35 Heavy .................... SBeep Wether Ewes ....... Tesrnng lamb 4.50 9 t.00 Spring lambs 6.504 8.00 Omaha "Livestock Market. SOUTH OMAHA. Neb., June 9. Hogs rteceipts. Qsou: marKet. lower. Heavy, $7.92-408; light. $7.807.95; pigs, $7,500 i.vo; buiic oi saies, yoitf i.uo. Cattle Receipts. S000: market, steady Native steers. $7.4000; native cows and belters. $9.25 08.25; Western steers. SS.MKa) 8.40: Texas steers, $607.85; range cows and neuers, $3.7507.85; calves, $8011. Sheep Receipts. 8300: market, higher. Yearlings. $6.5007.25; wethers. $5.1006.00; lamba, $808.8O. Chicago Livestock Market. CHICAGO. June 9. Hogs RecelDts. 18.- 000; market, dull, 5c under yesterday's average, uuik or sales. $8.0508:15: liKht. $7.8508.15; mixed. $7.6508.15: heavy, $7.70 0S.io; rougn, 7.7O07.Si: pigs, $707.70. Cattle Receipts, 30OO: market, slow. Beeves, $7.2000.25; steers, $6.8008.10; stonkers and feeders, $6.3O0S.25; cows and heifers, $3.7008.70; calves, $7010.25. Sheep Receipts, 14.000: market, firm. Sheep, $5.55 00.40; yearlings, $6.3507.60; lamps, so.uows.eo; springs, 9i.oo0tl.ba. Cottoa Market. NEW TORK, June 9. fipot cotton, quiet. Middlings, lS.eac; do. gulf. 18.90c. . Dulath Unseed Market. DTJLTJTH. June 8. Linseed, $1.60)6 : July, $i.co; September. i.o2. BLIND PUPILS GRADUATE Closing Exercises of Year Held at Washington State School. VANCOUVER. Wash., June 9. (Spe cial.) The "Washington State School for the Blind closed for the year's work laBt night with a special pro gramme in the auditorium. Another programme will be griven tomorrow af ternoon, and the children will gro home Wednesday for the Summer vacation. The pupils graduating from the eighth grade are: Blanche Banning, of Seattle; Fred Ellis, of Centralia; Ruth Hayes, of Chehalis, and Cecil Mitchell, of Walla Walla. George Meyers of Pullman, will com plete the Vancouver High School course. The Washington State School for the Deaf will close Wednesday, without special exercises, because one pupil has a mild case of scarlet fever. THE BANK OF CALIFORNIA NATIONAL ASSOCIATION of San Francisco. Founded 1864 Capital Paid In $8,500,000.00 Surplus and Undivided Profits $8,069,722.49 Commercial Banking and Savings Departments PORTLAND OFFICE Third and Stark Streets LADD & TILTON BANK i tatabUalied IBS J Capital and Surplus Commercial and WHEAT SALES HEAVY Chicago Drops Almost to Low est Prices of Seasori. BEARS ARE. IN CONTROL Government's Estimate of Immense Crop Iieads to Brealc and Tjast Prices Show Losses Hanging Up to Cent and Quarter. CHICAGO, June 8. Bearish, deductions from the Government report sent wheat down today to about ' the lowest price so far this sesson. The market closed steady at a loss of 1 to 114 c net. Corn and oat finished substantially the same as last nlrht and provisions off 5THo to 25c. Active sailing throughout the day formed the rule In the wheat pit and kept the mar ket almost continuously on the down grade. The question as to whether the croD re port had been fully discounted tn advance was soon answered in the negative. An In crase In the European visible supply counted somewhat against the bulla A reduction of to lo In export bids at Boston was an element of weaJcnesa Beside, country of ferings of new whest showed a big lnoreaae from west of the Missouri River. Heavy profit-taking by longs wiped eat an advance In corn. Better weather In Ar gentina had muoh to do with the willing ness to realize. After some weakness at the outset, most of the oats crowd appeared to consider the price of oats aa on a reasonable footing compared with com, regardless of the Gov ernment report. There were advioes that oats were suffering Irreparable Injury by drouth in Missouri and Illinois. Provisions reflected a break In bog val ues. Corn strength led to some baying, bat rot enough to offset rather free unloading on the part of longa The leading future ranged a fallow: WHEAT. Open. ' Hgn. Ixrw. Close. July .f '.tfc 1 .SU S .6Vk Sept .... .85 - .MS .ea .oaS com. July tih . Sept , .68 .8 .TJH .eft .Tilt .A3 oat a July o .40 H .MU Sept 37 .S8ii .87 .8 8 MESS PORK. July 81.00 21.00 20.TB I0.T8 Sept 20.16 0.15 1B.90 19.02 H LARD. July 10.12 10.12U 10.00 10.OTU Sept 10.27 10.80 10.28 ft 10.23 SHORT RXB3. July 11.87H 11.87H 11.80 11.8 Sept ll.o 11.8S 1L0 Cash price were: Wheat. No. 2 red. 83HMo; No. 2 hard, 9Sfec; No. 2 Northern, 06&Tct No. 2 Spring, G08c Corn. No. 2. 7S074U: No. 3 white. TSHO 73ic; No. 3 yellow, 7414T4Ho. Rye. No. 2. 05B6tto. Barley, 0O6To. Clover, 81012.7S. Timothy, I404.7S. European Oral Market. LONDON, June 9. Cargoes on passage, firm, fair demand. English country markets, firm; French country markets, firm. LIVERPOOL, June 8. Wheat Spot, easy. No. 1 Manitoba, 7s 7Hd No, J, 7a 6d; July. 7s 8Hd; October, 7s d; Dtcember 7s ld. Weather, very cooL Baa Francisco Grain Market. SAN FRANCISCO, June . Spot quota tions: Walla Walla. 81.65: red Russian. 81.55; Turkey red, 81.57H&1.60; bluestem, S1.57H01.dO; feed barley. a2yi95o; brew ing. barley, nominal; white oats, S1.23y The Canadian Bank of Commerce HEAD 1 OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Letters of Credit and Travelers' Checks Issued. PORTLAND BRANCH. Corner Second and Stark Sts. T. C. LIALPAS, Manager. NEW SERVICE TO COOS BAY and EUREKA The S. S. GEO. W. ELDER completely refurnished prac tically a new Steamship will leave North Pacific S. S. Co. "Wharf every Sunday at 9 A. M. City Ticket Office, 122-A Third Street PORTLAND, OREGON Phones: Main 1314, A 1314 North Pacific Steamship Co. $2,000,000 Savings Deposits 129U: bran. t24.SBO24.50; middling. 80 81: shorts72e26.60. Call board: Wheat weak. Barley, Decem ber, 8L01. Minneapolis Grata Martreta, MIXNEAPOLI3, Jan .Wheat, July. 0c: September. 86c Cash. No. 1 hard. 5H85c: No. 1 Northern, 92t94o; No. T Northern. 90 Barley, 4638c. Flax, fl.67 Vj 1.80H. A Valuable Service If you so desire, this institu tion can be of valuable service to you in acting as agent in han dling your stocks, bonds and other securities. The full benefit of our knowl edge and experience in the mat ter of investments is placed at your disposal as one of our clients. For persons who are too busy or too inexperienced, trust serv ice of this nature is a great boon, as it is a time, worry, work and money-saver. Security Savings and Trust Company Fifth and Morrison Streets Capital and Surplus $1,400,000 J.C.WILSON&CO. STOCKS. BONDS, ORA1TV AND COTTON. MEMBERS 1CEW YORK STOCK KXCTTAJVOJI CHICAGO BOARD OF TRAD! NEW YORK COTTOX EXCHANOH THB STOCK AND BOND EXCHAXOB, SAN ITtANCLSCOk. PORTLAND OFFICE: Lewis Building, 269 Oak Street, Phones Marshall S358. A 4187 TBAyELERS1 OTJTPK. SPECIAL RATES TO Alaska F"lrt Claaa and Steerage.) STEAMSHIP Satis direct today (Wednesday), June 10, 9 P. M. Make reservations Immediately. San P'ranclaco. Portland sal Lo Aa srele S. S. Co. Frank Bollam. Passenger Agent Main S8. 124 3d St. A 4698. r vr us riu.iuindv, un anuauu AND BAN DIEGO. S. S. YUCATAN WEDNESDAY. JUNK 1 ' COOS HA Y AND EUREKA S. S. GEO. W. ELDER SATXS SU'IAV MORNING AT . NOKTH FACU1C STEAMSHIP CO. KU-ket Otttco, jf 1-rrtsrht Offle. 122 A 8d St. Columbia Dock, ataln 1314. A 1814. Halo 62U3, a 642) ROSE TIME JUNE TIME SHIPPING TIME Reduced rates to and from all points on Household Goods, Autos, Etc. PACIFIC COAST FOnWARDMO CO. 201 Wilcox Did sr. Ftoie Marshal 1 241)7 DRAIN TO COOS BAY. Autos run dally. Deligrhtful trip via iuosmjt or me ucean-Deaca route. w ire reservations xo O. MATTOOJr, Drain. Useful map of Great Britain FREBL Alas Illustrated book of tour on th GREAT WESTERN RAILWAY OF ENGLAND T. Kateley. Uen. Art.. SCI Ctn As. M. X. TRAVF-IiFRS' t.rlnE. KAMBURG largest &S. in fiie WORLD r,niNn ii OB COMING TRAVEL BY THB H.UCBCRO-AMSBICAN UXt rARXS-LONDOXHAilBCRO June Sailings VATERLAND. . . 16th, 11A.M. Pres. Grant.... 18th, 1P.M. zlPenn'lvania. . 25th, 12 neon IMPERAT0R...27th, 12 ncoa July Sailings Pres. Lincoln. .. .July S. 11 A. M. aterlnnd July 7. 10 A. M Kaiorrin Aus. Vio.Jul.T 11. 1 V. M. lxitoCaTla July 16. 11 A, M. Iniprratnr JuIt 1, 12 noon lxPretorla. .... ..July 8:1. 6 1 l'rrs. I, rant July 30. 10 A. M. 1 Second cabin only, x Hamburg direct. Call at Boulosne. MEDITERRANEAN GD3RAI.TAR. NAPLES, GENOA. 8. 8. Hamburs....Jun SO. S P. M . 8. Moltk July 15. 8 P.M. 8. S. Hamburs;... . .Auc. 6, 3 P. M 8. 8. Atoltke Aut. 27. 3 P. All TWO CKCISE3 IX 1913 Around the World Through ths PANAMA CANAL From San Francises by crulsii: stsansars "CINCINNATI." FED H sod "CLEVELA. U." FEB. 2s 135 is $900 eCU cm! Inolud.ng all necessary exper.suj In ordrr to seruro choice Uatiuu. room ebould b bouked now. Writ fox Inforjuiatlori. HAMBURG-ATtlERICAN LINE Harvey A Pair cine uenerai ond ava. 1H7A and or &an Franclj fitoekton sr.. Southern Paclflo NORTH GEREV1AM London Paris Bremen Kroni)rinentn Cecllle. .June IS ttxalier Wllhelm der Gross ..June 23 Prtns Frlcd'h Wllhelm. June 27 Kaiser IVllhelm 11 June SO Barbarasna ...July 2 lironprins WUholm July 7 Sails at 1 A. M. Carrls I1) and (III) cabin. tC&rrlee no (1) or (II) cabin. Vla Plymouth and Boulosno-riur-Msr. Baltimore-Bremen direct. One-cabin til) Wedn&sdaya THE MEDITERRANEAN . .Jnne 17 Koemltr Albort... . -July 4 The North Germin Uoyd landed more paftenrert, Itrrt Cabin, Second labia nd 6tr?race In tbo port ut ew York during 191S than any other line, rvpoatinc lt tuftrreloiM record of 1613. Tbrourh rates from EsTpt. India. Naw Tork to PAS aASC and South America via Europe. Norway poUab (TinSES. ,Iy , 18. 84. Ana. 11. j,--- Indopanaent Trips Around Flrsrt-elsls the World thronchout $620.65 it Up TraTe1frst Checks Good All over tne world. OEI.RICH3 A CO.. Gen. ArU. o iiroaaway, isew York. ROB K KT t'APKLXJ;,G.P.C. A Ran li'nn.lii,. n r- A local agents. u Y jr.r turope I - J IN llll IM IIH..UI.I I ...y.-?: , TT-' ' ii 1 1 Bit -i HONOLULU $110. 1st elae round trip. (5t days from San Francisco). The mont attractive spot on en tiro world tour. Splendid steamers t IO.OOO ton dlspl.) of OCKAMC I-lN'K bhiI to Hawaii, every 2 weeks. Tou can maks this trip In 16 days from San Francisco, k.v lnif 5 days on tho Islands. Sydney, 19 day from San Francisco, 9300 round trip 1st class. $-00 2d class. Send r folder. Sydney bbort Line. 7S Market San Oanclbeo. American-Hawaiian S. S. Co. ntEIOBT SERVICK Via (straits of Mag-ellan, SalUns;s from New York About June 15. and errry 14 days thereafter., for Paclflo Coast Ports. C D. KEKNUUY. Asent. 270 Stark Street. 1 8. S. BEAVER, For SAN FRANCISCO LOS ANGELES A. M., June 1L Tho San Francisco Portland 6.S. Co Bd and Washington cits, (with O.-W. It. A K. Co.) Icl. Marshall 4500. A 6121. Coos Bay Line STEAMSHIP "BREAKWATER' Sails from Ainsworth dock. Portland, 8 A. M.. May 18, 23. 28. June 2. 7. 12. 17. 22. 2T. Freight and ticket office. Lower Ains worth dock. Portland A: Coos Bay 3. i. Lana, ii. u. ivr.Aii ii, Afnt. Phooa alala 3oO4 A 222, Gk V 2 Ships X 1 4177tl jj '' ' ' ''' ner. Korth P- f J Acta. bOK Sac- I 1 Phon. TT!!ln. f 7 1U76 and 6829. Seattle, W aaa . fl or San Francisco olflcu, auo i'j? va DiiKion m . can franclttco. L J tl Southern Paclflo Co.. 80 61xth St., O.-W. H. As V N. Co, No. Paolflo. 1J. & N B. Q, Burllnston Li X Ronts, Mllwaukes A f C Puset Sound H. R.. f j V , Gu North. By. A !f VV orsy li. jtJI Emlth, ad si jFjr fcV Wash. sta. Jr Portland. JT