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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 11, 1914)
THE MORNING OREGONIA1S', SATURDAY, JULY 11, 1914. 1 BIOS ARE ASKED FOR Japanese Want New Wheat, August Delivery. BUYING IS FAIRLY ACTIVE About Million and Half Bushels Purchased In Country on Con tract to Date Club Taken on 7 0-Cent Basis. Tt I estimated that about 1. 509.000 bushels of 10! I wheat have been boutrbt In the coun try on contract to date. Trading was under Tray yecterday at prices around 79 cents, coast, tor club. Japanese were asking for bide for .August delivery but would not con sider September or October wheat. It Is known, however, that September wheat has been bought as low as 77 cents. Farmers are not pressing sales, but after harvest th-re ! little doubt that wheat will re offered freely. Local dealers are look Ing for the largest business they have ever clone. It Is not likely that, tho burning of the grain docks will have any serious effect on the movement of wheat through this port. Shippers expect esport flour prices this year to bo suffieJeatly attractive to tne Orientals to induce a Urge movement of flour across the Pacific The shipping sea son, however, will probably be late In open Ins; as flour stocks on the other side are known to be large and crop prospects tnero re fairly satisfactory. The June number of the Bulletin of Agri cultural and Commercial Statistics, Issued by the International Institute of Agricul ture, gives tables of data for areas cult! vated and crop conditions for wheat, rye barley, oats, mafia and rice, and for the first four of these cereals gives also, for ome countries, harvest forecasts. The production of wheat Is forecasted In Belgium at S.S02.69 quintals (94. per cent of last year's production). In Italy at 49, oo.yoo qulntsls 1 34 per cent), in Luxem burg at 178,080 quintals (101.6 per cent .. lit Russia in Euross at 80.S4t,9:t quintals (100.5 per cent) for autumn wheat. In Swlt serland at 944.000 quintals (98.8 per cent) In the fnited States at 173,638,080 quintals 121.9 Der cent), for Autumn wheat snd at 71,305.920 (109.2 per cent) for Spring wheat In India at 85.195.541 quintals (80 per cent) mud in Japan at 6,189.000 quintals (94.0 per cent). For barley the forecasts are: Italy 2.000. O00 quintals (83 per cent of last year's pro Ouction). Russia In Kurope 1,948.378 quin tals (114.1 per cent i, United States 44 S5O.320 quintals (1)5.6 per cent), and Japan 52.373.000 (94.2 per cent). Weekly foreign wheat shipments were as follows: This week Last week Last year Argentina 320.000 364. 000 :I60,000 Australia 728.000 944.00O 1.032.000 Local receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour. Oats. Hay Monday .... Tuesday .... Wednesday. . Thursday ... VriJay , Year ago. . IS 16 19 16 11 li 6 3 2 fl G 10 3 2 13 12 9 .. 8 8 6 7 8 4 . 2 4 COLl'MBIA COl'XTT CROPS EXCELLENT Grain Yield TLIs Year Will Be Above the AveraaTe. DAYTON. Wash.. July 10. (Special.) The wheat, oats and burley crops of Colum bia County are In excellent condition. The wheat crop will be somewhat larger than last year, as 15 per cent more acreage was put n Spring wheat this season. The aver age yield In this county la 3.000.000 bushels of wheat, barley and oats. Corn Is raised to some extent. The grain crop this year consists in the main of wheat and barley and It Is estimated that the larger half of the 3,000.000 bushels will be of wheat. Insurance men who have visited every sec tion of the tounty claim that there will be more than the average crop this year. In the northern portion of the county, known as the light lands, the yield will be larger then usual on account of an early Spring with plenty of rain. In the southern half of the county the Fall grain Is now ripening and la practi cally out of danger from the hot winds. The 11 days of hot wlnda which have Just passed, it is said, have pinched the barley a trifle In a few fields, but not enough to cause much damage. Crops will be the best In the Bundy Hol low country, the richest land In the county. Charley Bowman, a prominent farmer of t'.at locality, says the crops there are the best he has ever seen, and It Is not uncom mon for wheat to go 60 bushels to the acre on his land. Harvesting will begin very generally over the entire south half of the county about July 20. To the north of the county near the Snake River, harvesting has been going ou for some time. The average yield of wheat is from 30 to 33 bushels per acre, and of barley from 20 to 30 sacks per acre. This yield win be upheld this ihv-mv Corn, potatoes, vegetables and fruit are to be found in abundance in all parts of the county, and the outlook Is very promising. GRANTS PASS HOPS ARE SOLD Ne Business Reported in Mnrket for 1914 Crop Thus Far. The Cornell lot of 240 bales of spot hops t Grants Pass was sold yesterday to the Kola Nets Hop Company at 11 cents. No trading was reported in the contract mar ket. Cable bids, on futures came through lower, and exporters have withdrawn their 15-eent offers in the country. English market conditions are shown by the following circulars issued by leading London dealers bearing date of Juno 22 to 23: Cattley. Grldley St Co. The exceptionally fine weather has materially benefited the srowing plant both In England and abroad. Prospects are generally considered Improved. Fly blight is still prevalent, and washing Is beinsT thoroughly carried out in England. The rain storms have been partial, and fur ther showers would be welcomed In some districts in Kent snd Sussex. The English market has been rather more active, with prices fully maintained. All foreign mar kets are unchanged. Wild, Neams Se Co. There has been a fair demand during the week and a further reduction in available supplies. Prices keep firm. Thornton Manger A further clearance of hops took place last week with. In some cases, a slight improvement in values. Manger St Henley The demand for good, usefut hops continues and a further clear ance has been mads during the past week In the small stocks remaining. Prices keep very firm with a hardening tendency. v. H. at H. Ls May There has been some general business done during the past week, "prices aro firm at late quotations: stocks are becoming; vary limited. V ATERMELOXS CLEANED I P PROMPTLY Other Fruits Also In Strong- Demand--Vegetable Trade Is Good. As usual on Friday, the fruit and vege table trade was heavy, and Front atrsat was well provided to meet the demand. The watermelon market was booming. Two cars arrived and quickly cleaned up at 1 to 2U cents. Cantaloupes were firm at g2.au nt the best. Two cars wero received. t'eaeh receipts from Eastern and Southern Oregon were on a larger scale. There was a wide difference In the Quality of the of ferings and prices varied accordingly, rang ing from 29 to 90 coats. A car of Wenat ejieo apricots will be In this morning. Berries are still coming forward but the demand has been largely satisfied. Logans said raspberries were quoted at 90 cents, and good blsck caps at $1.23. Blackberries were lower at 11.50. Currants were In fair sup ply and offered at 81.50 a crate. Lambert cherries were quoted at 10 cents. A lot of local celery ls coming on the mar ken, but the warm weather has checked the sale of It. and the Drlce has declined. Cu cumbers were plentiful and steady. OREGON WOOL SALES AT BOSTON Fine Staple Moves on Scoured Basis of 63 to 65 Cents. Wool sales at Boston In the past week, according to mall advices received. Included staple Oregon at 22 cents, or 63 to 65 cents clean. Idaho wools at 21 cents to aa. about 60 cents scoured: Utah at 20 to 22 cents, or 55 to 67 cents clean; graded Wyo ming at 28 to 24 cents, estimated to cost 57 to 58 cents scoured for half-blood and o- to 53 cents for three-eighths-blood. Scoured values aro quoted "at 62 to 63 cents for fine staple; half-blood staple, 58 to 60 cents, three-elrhths-blood staple. 52 to 53 cents; quarter-blood staple, 47 to 49 cents; fine clothing, 68 to 60 cents and fine medium. 55 to 67 cents. The total turnover amounted to about 5,000,000 pounds, as against nearly 8,000,000 In the preceding week. Poultry and Dressed Meats Firm Receipts of country produce were light yesterday and prices were firm. Very few veals came In, and they were quoted at 18 14 cents, pork was unchanged. Hens sold quickly at 16 cents and Springs at 1822 cents. There was a limited demand for other kinds of poultry. In the egg market the Inquiry was mainly for guaranteed stock, and candled eggs were quoted very firm. The butter market la falling off somewhat but prices are only steady. Cheese was un changed. Hank Clearings, Bank clearings of the Northwestern cities yesterday were as louows: Clearings. Balances. 146,483 238.660 58,879 31,196 Portland Seattle Tacoma Spokane 11,603,790 2.039.&16 316.362 527.627 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed, Etc. WHEAT Track prices: New club. 79c; new forty-fold. 80c. new bluestem, 82c; new red Russian, 77c; Turkey red, 80c. MILLFEED Bran. 823 per ton; shorts, 826; middlings, 881. OATS No. 1 white milling, 822 22.50 per ton. FLOUR Patents. 84.80 per barrel, straights, 84.20; exports. 81.90; valley, (4.50; graham. $4.80; whole wheat, 85. BAHLET Feed. 821.50 per ton; brewing. 322.50; roiled, 323.50. HAY Choice timothy, 816017; mixed, timothy. lltU5; valley grain hay, J10J12; alfalfa, 311. CORN Whole, 336; cracked. 338 per ton. Fruits and" Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranges, navels, 11.75 08.23 per box; lemons, $606.50 per box; bananas, 304c per pound; grapefruit. California. $1.50 per dozen. VEGETABLES Cucumbers. 50 0 90c per dozen; eggplant, 15c per pound; peppers, 20c per pound; radishes, 15017c per dozen; head lettuce, Jl 75 per crate; artichokes, 85c per dozen; celery, 9Oc0$l per dozen; tomatoes, 5OC031-SO per crate; spinach, 50 7c per pound; rhubarb, 2 Vila" 3c per pound; cabbage, l'.i per pound; asparagus, 31 I .50 dozen; peas, 67c per pound; besns. 508c per pound; corn, 30035c per dozen. ONIONS Red. 33.25; yellow, 33.25 per sack: Walla Walla, 33.25. GREEN FRUITS Apples, old. 3L5O02 box; new, $1.76 0 2 per box; cherries, 6010c per pound; apricots, 31.3501.40 per box; cantaloupes, 3202.50 per crate; peaches. 230Oc per box; plums, i , water melons. l02c per pound; loganberries. 90 cents per crate; raspberries, 90 cents, black caps, $101.25; casabaa, $2..j per dozen; pears. $2.o0 per box; Blackberries, $1.60 per crate. POlAiUK-B urpfon, new, inv l" pound. SACK VEGETABLES Turnips, new Cali fornia, 31.25; carrots, $1.80; beets. $1.50. Dairy ana Country Produce. Local Jobbing quotations: EGGS Fresh Oregon ranch, case count. 23Hc; candled, 25 0 26c per dozen. POULTRY Hens, loc; springs, ie.; turkeys, live, 20022c; dressed, choice, Joe, ducks. 11 12 la c ; geese, 10llc. BUTTER Creamery prints, extra, zfto per pound; cubes, 21i 0 23c. '."HlESE Oregon triplets, joooers ouying price, 16c per pound fjo. b. dock port- land; Young America, itc per pouna. PORK Block, 10llc per pound. VEAL Fancy, 1814 014c per pound. Staple Groceries. Local jobbing quotations: SALMON Columbia River one-pound talis, $2.25 per dozen; milf-pound flats, $1.40; one-pound flats, $3.43; Alaska pink. one-pound tails, 85c; silversides, one-pound tails, 31.25. HONEY Choice, JS.5O03.ij per case. NUTS Walnuts, 14 0 20c per pound: Brazil nuts, 20c; filberts, 14015c; almonds. 19028c; peanuts. 606ftc; cocoanuts, $1 per dozen; cnestnuts, snyivc per pouno. pe cans. 14 015c BEAN'S Small white, c; large white. 5 V , Lima, 8c; pink. 5.15c: Mexican, 7c; bayou. 6c t'OFFEB Roasted, in arums, luesosc per pouna SUGAR f ruit ana oerry, . o.u; oeet. $4.86; extra C, $1.55; powdered, in barrels. 35.30. . SALT aranuiatea. sia.oo per ton: naix- ground, 100s. 310.76 per ton: 60s, $11.60 per ton, dairy. $14 per ton. RICE No. 1 Japan, IH810; southern head,. 6ii 0 744c; Island, 505MC LiItlr.i- rittjiia appies. iu-xiioajc pei pound; apricots, 1614 026c; peaches, s&llc; prunes. Italians, 1001214c; currants, 9V4c; raisins, loose Muscatel, 654 0714c; bleached ThomDson. 119lc; unbleached Sultanas, 8c; seeded, 9c; dates, Persian, 70714O per pound; lard, 31.40 per dox. 1 IUS PacKages, o-oz.. ou to oox, si.oo package; 10-oz., 12 to box. Sue; white, 25-lb. box, $1.75; oiacic, za-iD.-oox, ex. id; discs, 80-lb. box. 32.50; black. 10-lb. box. 31.13; Calarab candy tigs, ju-io. uox. pel amyrna, per oox. 31.50, Hops, Wool, Hides, Etc. HOPS 1913 crop, prime and choice. 140 16c; 1914 contracts, nominal. PELTS Dry, 1 zc ; ary snore wool, c; arj shearings, 10c; green shearings, iosjjuc; salted sheep, $1.2501.50; Spring lambs, tt 085c HIDES saltea niaes, u:sc per pouna; salt kip, 14c; salted calf, 13c: green niaos. 1214C; dry niaes, xoc; ary can, oc ; aaneu bulla. 10c per pound; green bulls, 814c WOOL. valley, iohpxc; wteiu Ore gon, 160ZU1SC. MOHAIK ll cup, L-lsc per pouno. CaSCABA BARK Old and new, 4 140 per pound GRAIN BAUo in car loig, 091c Provisions. HAMS 10 to 12-pound, 1914 2014O. 13 to 14-pound. 1914 02014c; 14 to 18-pound, 1314 02014c: skinned, ls20o; picnic. 13c BACON fancy, owjuv- lo.uuaiu, ft 08c Pf.f SALl (-L.nc.JJ Oduii clear uacas, 13U01614C; exports, 14014c; pistes, 110 13c LARD Tierce oasis, r-ure, lirjijc; com pound. 9 c Oils. KEROSENE Water white, drums, bar rels or tank wagon, 10c; special, arums or barrels, 1314c: cases. 1714 02014c. GASOLINE Built, isije; cases, ;sc; motor spirit, bulk, 15 140; cases. 2214c. En gine distillate, drums, 714c; cases, 1414c; naptha, drums, 14c; cases, 2114c LINstc-tl UIL naw, oarreis, tic; doubu. barrels. 63c; raw, cases, 66c; boiled, cases, 68c TURPENTIN15 In cases. 45o per gallon; tanks. 68c SAN FRANCISCO PRODUCE MARKET mb Fruits, Prti-es Quoted at the Bay City Vegetables, Etc SAN FRANCISCO; July 10. Fruit Pine applet, (1.5093; Mexican limes, 4fl; California lemons, t2.7C93.S0. Vegetables Cucumbers. 40e; green peas. Potatoes Oregon Burbanks, 90cw31.!3; new, 75olv river Burbanks, 90etl.23. Eggs Fancy ranch, 27c; E-.ore, 24c. Onions Rod, ftUSPCWj white, $29 2.75. Chejse Young America. 14lBHc; new 10 12 lie Butter Fancy creamery, 2Hc; seconds. 28c. Receipts Flour, 4486 quarters; barley. S30S centals; potatoes, 3720 sacks; hay, S47 tons. Improvement In Steal Trade. NEW YORK, July 10. The unfilled ton nage of the United States Steel Corporation on June 90 totalled 4,032,837 tons, an In crease of 34, V7 tons over May. TURN FOR BETTER Improvement at Last Apparent in Iron and Steel Trade. PRICES ARESTRENGTHEMNG Few Manufacturers Disposed to Book Future Contracts at Pres ent Figures General Business Is Good in West. NEW YORK, July 10. Dun's Review to morrow will aay: Irregularity still characterises the business situation. Favorable reports predominate and general conditions afford encouragement, although the volume of new business Is of moderate nroDortlons. Indications of improvement are noted In iron and steel, where a turn for the better Is at last apparent. The betterment ls ac companied by some strengthening of prices and few manufacturers are disposed to book future contracts at present figures. Manu facturers of textiles are endeavoring to meet the slackened demand by curtailing the out put, and stosks of goods are stated to be In a well-liquidated position. Most inter ests in the trade are anticipating a more ac tive period later on, as a consequence ot abundant crops. Shoe manufacturers are more optimistic. Of the 317 commodity quotations, com piled by Dun'e Review, there were -3 ad vances and IT declines this week, this being the first occasion In some time that the general trend of the leading farm products has been upward. Commercial failures this week, as reported by R. G. Dun & Company, are 295, against 2'SS last year. WEEK'S BUSINESS GOOD IN WEST. Railroads Start Shops to Make Ready for Wheat Movement. NEW YORK, July 10. Bradstreet's to morrow will say: Mid-Summer dullness is present In many, but not all lines. Crop reports continue generally good to' excellent, and optimism as to the future still finds most expression in the sections which have gathered or expect to gather large crops. The week's business, though broken by a holiday, seems to have been good In the West and slow to dull in the ooth and East. Export sales of new-crop wheat have been large, but of late sellers have shown an Indisposition to bind themselves to early shipments. This is thought to be based partly on doubts as to ability to deliver, al though the railroads have started their car shops on full time to make ready for the Winter wheat movement. Failures for the week ending July were .'47, against ziv a year ago. Wheat exports, 5,084.00" bushels, against 4,176,622. Bank clearings, $2,954,414,000, an increase of 16.3 per cent. CAITLE SUPPLY FAIR NORTH PORTLAND MARKET WEAKER UNDERTONE. HAS Choice Light lines Advance Nickel on Small Receipts Sheep and Lamba Are Firm. There was a fair lot of cattle put on the market yesterday, but not much arrived In other lines. Swine and sheep prices were Arm, while the cattle market was inclined to sag. Among the steer sales waa a load of good quality that brought $7.05. This ia now the extreme top. Other sales wese made at $6.25 to 6.75. Medium cows went at 5.30 to S3. 85 and $8.20 was paid for good calves. Not much was done In the hog division, but another nickel was added to the price, good light weights bringing $8.30. The sheep market was also In good shape. Choice lambs were sold at $5.90, yearlings at $4.75 and other sorts at going prices. Receipts were 233 cattle, 232 hogs and 030 sheep. Shippers were: With cattle J. W. Machem, CreswaJl, 1 car; Walla Walla Meat & Cold Storage 'Company, Lowden, 2 cars; M. I. Yates. Pilot Rock, 3 cars; H. Nichols Payette, 2 cars. With hogs Will Block. McCoy. 1 car; M. J. Sevier, Victor. 1 car. With sheep F. Wann. Csnby, 1 car; C. Smith. Junction City, 2 cars; B. C. Berth son, Weiser, 1 car. With mixed loads M. J. Sevier. Victor, 1 car hogs and sheep; W. W. Couper, Union Junction, car cattle and hogs. The day's sales were as follows: Wt. Prtce.i wt. Price. 18 calves. 188 $8.20 1 steer 1150 $.3B 1 calf. .. 300 7.00 20 steers.. 1186 7.05 86 ewes... 98 3.50 1 calf 240 8.00 204yoarl'gs 104 4.75 25 cows... 818 5.30 247 wethers 88 4.20 28 cows . . . 884 5.30 49 mixed s 117 4.00 23 hogs.... 220 8.30 44 mixed s 105 4.75 26 bogs 178 8.30 2 bucks.. 165 2.501 49 hogs. .. . 192 8.30 26 cows... 832 B.60 2 calves.. 315 8.50 262 cows.. 968 5.851 1 calf 240 7.50 27 cows.. 965 5.85! lewe.... 150 3.50 1 cow 12S0 6.00 1 lamb... 80 5.00 16 steers.. 1067 6.75 6S lambs. . 73 5.90 7 steers. . 1145 6.23' 13 lambs. . 53 5.00 1 cow 1100 5.831 Zyearl'gs. 110 4.75 1 cow 840 5.731 14 ewes... 103 4.25 The following official report Is Issued by the Portland Union Stockyards Company of receipts and shipments In June and the source of receipts: Railroads Cattle. Calves. Hogs. Sheep. O.-W. R. & N.. east 8781 17 8131 10,004 Southern Pacinc 183 3846 1632 19,870 1.439 8. P. & S Northern Pacinc Oregon Electric Boats Driven in 39 787 290 527 22 Twtal receipts 7449 404 14.485 32.1:10 4,945 Increase for month 1334 Decrease for month .... 262 4385 Year to date 89,171 1164 113,606 149,350 Increase for year 17,221 Decrease for year. 1350 785 .... Ave, wt. of hogs 234 Shipments O.-W. R. A N.. east 3a 12 443 O.-W. R. N.. a'th. 3720 148 4144 Southern Pacific 29 3 20 S. P & S 266 5 529 Northern Pacific.:. 493 14 523 14,262 349 1.488 Boats 5 . Driven out 4434 215 10.292 19,195 Total shipments. 7974 397 15,746 37o 845 9994 Idaho 468 21 1961 Washington 1877 9 2402 31,209 30,391 1,589 Montana 28a ... 7S California 1527 36 Totals T449 404 14.483 82,130 Current prices of the various classes of stock at the yards follow: Prime steers $8. 73 'gc 57. 03 Choice steers 6.50 6.75 Medium steers 6.238 6.30 Choice cows s.Zo'fi) .&n Medium cows 6.001 6.251 S.I5 Heifers Cali'es Bulls Stags Hogs Light Heavy Sheep Wethers Ewes Yearling lambs Spring lambs . . . 6.75 8.20 5.00 5.50 6.00 U 8.00 5.005 7,25(81 8.30 .25 7.85 4.00 ft 4.S0 8.28 9 4.2$ 4.50 4.75 5.50 tp 5.90 Omaha Livestock Market. SOUTH OMAHA, Neb.. July 10. Hogs Receipts, 5800; market, higher Heavy, $8.43 8.60; light. $8.358.55: pigs. $7.508.25; bulk of sales. $8.4008.50. Cattle Receipts, 300: market, strong. Na tive steers. $7.759.50: cows and heifers. $6.23(59: Western steers, $6.3098.50: Teias steers. $67.85; cows and heifers, $697.10; calves, $8910.50. Sheep Receipts, 6000; market, stronger, yearlings, $6 96.60; wethers. $5.35 9 5.70; lambs, $8.3099.30. Chicago Livestock Market. CHICAGO. July 10. Hogs Receipts. 16. 000; market, higher. Bulk of sales. $8.5." Ti 8.80: light, $8.46S.87: mixed. $8.33 8.00; heavy, $8.2098.90; raugh. $8.2098.83. pigs. $7.6598.65. Cattle Receipts, 150; market, strong. Beeves. $7.609.75; steers. $8.4098.80: stockers and feeders. $5.739 S; cows and heifers, $3.85 9 9: calves, $7.30 910.50. Sheep Receipts. 18.000: market, lower. Sheep. $5.336; yearlings. $69T.50; lambs. tfl.5099.30. Coffee and Sugar, YORK, July 10. Lower European NEW cables and slightly easier cost and freight offers, combined with a decline in the rat of Brazilian exchange, encouraged bearish sentiment In the local coffee market, and after opening quiet at a decline of 4 points, active months sold about 6 to 12 points net lower. Partial rallies followed on, covering, with the close at a net loss of 2 to 7 points. Sales, 18.000. Jnly, 8.33c: August, S.41c; September, 8.51c; October. 8.61c; December, 8.80c; January, .$3c; March, 8.93c; May, 8.07c. Spot, easy; Rio No. T, 8c: Santos No. 4, 11 c; mild coffee, dull; Cordova, 12H 16c nominal. Raw sugar, steady; molasses, 2.61; centrif ugal, 3.26; refined, steady. Metal Markets. NEW YORK, July 10. Bead dull. 3,85 8.95; London. 19 lua. Spelter quiet, 4.ft5fp5.05; tondon. f?l 10s. Copper quiet; spot and September, 13.40 13.80; electrolytic, 13.7313.87; lake, nom inal; castings, 13.62. Tin steady; spot. 32.25 32.45; September. 82.40 32.80. Antimony dull; Cookson's, 7.127.25. Iron quiet, unchanged. Chicago Dairy Produce. CHICAGO. July 10. Butter Unchanged. E?ga Higher; receipts, 11.771 cases; at mark, cases Included, 1518Uc; ordinary firsts, 1717c; firsts, 1819c Cheese Unchanged. SALES BY FOREIGNERS AMSTERDAM HOLDERS OP WALL STREET STOCKS I, IQ.UIDATB. Investment Isaacs Feel Effect of Vn loading of Lovt -Priced Securities. Rond Market Steady. NEW YORK. July 10. Investment issues today began to show the cumulative- effect of the continued heavy selling ot Gould Issues, New Haven and Chesapeake & Ohio, aa well as various other low-priced securi ties. These and other stocks and bonds es tablished new low records. The declines in New Haven and Chesapeake & Ohio were especially noteworthy, because they savored strongly of liquidation. Another unusual feature was the record ing of many sales of minor international railway stocks for future delivery. The fact that these sales were made "flat,-" or without Interest, pending actual delivery. Indicated that foreign holders were pressing the sales of American securities. "Much of this class of trading was traced to Amster dam, but London and Paris also sold, alto gether, the extent of about 23.000 shares. London's own markets were heavy, on re crudescence of the Ulster troubles, with money and discounts higher. The Parts bourse was weak and Berlin reflected un easy industrial conditions. The local market was weakest in tne nnai hour, when selling of the market leaders at concessions overshadowed previous dealings in the unimportant stocks. The speculative favorites fell 1 to 3 points on fairly large trading with little or no recovery. The character of the general market may be gauged from a 20-polnt decline in the 5 per cent bonds of the Chicago 4 Eastern Illinois Railroad, whose affairs are involved in the St. Louis & San Francisco receivership. . A few crumbs of comfort were offered In the course of the day. The United States Steel Corporation reported a slight increase of tonnage for June, Instead of the decrease generally looked for. Copper metal was down a fraction, however, and the state of that industry, especially as to demand, was unsatisfactory. Another heavy cash loss by local hanks ls looked for tomorrow, with further encroach ment on reserves. A wide vajlety of bonds was pressed for sale but recessions were only nominal, ex cept in certain Issues, where special Influ ences operated. Total sales, per value, $1,423,000. United States Government bonds were unchanged on call. CLOSING 8TOCK QUOTATIONS. Reported by J. C. Wilson & Co., Lewis building, Portland. Closing Sales. LJigh. "70X '28V4 91?4 52 ? 39 66 'i Low. Bid Allis-Chal. Amal Copper . . Am Best Sugar. Am Can Co ... do. preferred.. Am Car & Fdy Am Cotton Oil.. Am Smel & Rcf. do preferred. . Am Sugar do preferred. . Am Tel & Tel. . Am Tobacco . . Anaconda Atl Coast Line. . 10U 1,3.966 ' 1,766 200 1.700 200 2.X00 89 V4 '2714 91 4 51 H 39 65 M 69 25 27 91 51 38 65 102 106 112 120 228 30 120 100 106 106 1,100 200 700 100 120 22S 31 120 120 228 80 120 A T & Santa Fe 1,800 98 4 M K do preferred 99 Bait & Ohio 3.100 91 90 91 Brook R Tran. . BOO 02 91 189 46 18 130 98 35 800 40 25 129 397 14 28 149 30 122 112 14 03 107 27 137 Canadian Pac. . 10,700 191 "83 C & O 17.900 47 a & g w , C & N W C. M & St Paul, i.noo Central Leather 1,100 Central of N J. Chlno 1.200 Col Fuel & Iron. 100 Conso! Gas 100 9 36 6 V 25 129 98 33 40 25 129 ' '6 '28 149 D L-& W D & R G Distilling Secur. Erie Gen Electric . . . Gt North Ore.. Gt North pf . . . Illinois Central. Interboro Metro do preferred. . Inter Harvester K C Southern . . 1,000 6 2,900 100 28 149 400 500 200 1.900 400 400 122 113 14 63 107 28 137 122 112 14 63' -107 27 Lehigh Valley.. 3.700 136 Louis & Nash 1S8 Mexican Central M, 8 P & S S M Mo, Kan St Tex. Mo Pacific National Lead .. ai 122 122 125 2O0 1.200 15,700 122 13 9 IB 15 11 9 45 ISO 123 Nat Biscuit do preferred New Haven . . . 17.700 N Y Central . . . 2.800 N Y. Ont & Wes 1.000 Norfolk 4k West. 400 61 90 21 105 58 57 89 21 105 75 110 23 25 88 112 120 163 21 1 97 28 141 155 82 11 61 109 37 59 78 21 104 North America Northern Pac .. 3.100 111 Pacific Mail Pacific T & T 110 do preferred. . Pennsylvania ... People's Gas . .. Reading Republic S & L. Rock Island Co. Southern Pac . . Southern By ... Texas Oil 1.600 100 17.700 300 12, WO 800 800 13.100 200 112 120 1B1 'j 22 97 24 142 1.15 82 'si 109 57 59 78 112 120 163 22 96 24 141 154 82 60 100 m 77 Union Pacific . . do nreferren.. United Rds S F. U S Steel Cor . . 31.600 do preferred. . Utah Copper . . Western Union.. Westing Elec . . Wl.nni!t Pflnt . 3W 1.800 1.200 8,700 38 Total sales for the day, 201, wo snare. BONDS. Reported by Overbeck & Cooke Co.. Board of Trade building, Portland. J31U. Atnhlinn ppnornl as 95 95 Atlantic Coast Line 1st 4s 93 Baltimore & Ohio gold 4s 93 Brooklyn Rapid Transit 4s 87 Chesapeake & Ohio 4s 93 C M & St P gen 4s 12 Chicago Rock Island Col 4s 26 Cal Gas 5 C B Q joint 4s 9T Erie gen 4s.... - J Interborough Metropolitan 4s. 77 Louisville St Nashville un 4s. ... on Missouri Pacific 4s $8 NYC gen 3s 8? W 1 at ,.n 9i V 94 94 92 94 102 J 2T 93 97 78 77 96 44 83 Northern Pacific 4s 95 98 Oregon Short Line Ref 4s 90 91 Oregon Ry Nav 4s... v 92 98 Pacific Tel 5s .-,?!!? , Pennsylvania Con 4s 100 100 Reading gen 4s 96 StL & S F Ref 4s 0 i0 Southern Pacific Ref 4s 92 i southern Pacific col 4s 88 90 Southern Railway 5s 104 103 Southern Railway 4s 73 73 United Railway Inv 4s 53 -4 Union Pacific 1st and Ref 4s... 94 95 United States Steel 5s 102 l1 West Shore 4a 93 9S Wabash 4s s0 50 W Westlnghouse Electric cv 5s 58 56 Wisconsin Central 4s 88 8S United States 2s registered 9t 97 United States 2s coupon 9i 98 United States 3s registered 101 102 United States 3s coupon... 101 102 United States 4s registered 109 110 United States 4s coupon IIP 111 Money. Kxchange, Etc. i NEW YORK, July 10. Close: Mercantile paper. 34 per cent. Sterling exchange, easier; 60 days, $4.8350; demand. $4.8750. Commercial bills, $1.8594.85. Bar silver. 55c. Mexican dollars. 44c. Government bonds, steady: railroad bonds, easier. Call money, steady. 292 P" eent: ruling rate, 2 per cent: closing bid, 2 2 per cent. tlm- loans, steady. Sixty days. 2 per cent; 90 dsys, 2 per cent; six months, 3 94 per cent. LONDON. July 10. Bar silver easy, 2511-16d; money. 11; short bills. 2; three months, 8. SAN FRANCISCO. July 10. Sliver bars, 56; drafts, telegraph, 3. Sterling, 60 days, 4.83. Hops at New York. NEW YORK, July 10. Hops, quiet. RUST INJURY LIGHT Damage Is Confined to Part of South Dakota. CHICAGO MARKET REACTS Heavy Selling by Speculators Car. ries Wheat Down Three-Quarters. Hot, Dry Weather PuU Corn Hither. CHICAGO, July 10. Skepticism in regard to the chance of widespread damage by Liair ,-n.t hmnrht shout a lowering of values today In wheat. The market, although steady at the close, was c to 9c under last night, torn finished 9c off to o up; oats c to c higher, and provisions unchanged to a rise of 20c. Although wheat advanced at the opening on account of hot weather Northwest and because of higher cables, the grain sooa disappeared. On the bulge thsre was lively selling, presumably hedging against enlarged pressure from the new Winter crop, ne fact that black ruse seemed to be confined to Southern South Dakota waa a handicap to the bulla After opening a shade to c up the market receded to below last night s level. subsequently iurtner weakness veloped on heavy selling by speculators. Hot. dry weather carried corn higher Buying power, though, seemed to have be larcelv exhausted and there was a report of heavy rain In Oklahoma, where the drought has been ths most severe. Denials that rain of any consequence had fallen in Oklahoma led afterward to a iresn aa vance. Oats were in falrlv srood demand. Ah sence of sellers kept the market relatively firm Provisions climbed with hogs. The best call was for ribs. The leadln futures ranged as follows: WHEAT. Open. High. Low. Close. July $ .79 $ .79 $ .7! $ .7S Sept 78 .79 .78 .78 CORN. July 69 .69 .68 .69' Sept 66 .07 .66 .67 OATS. July 87 .38 .37 .38 Sept 3 .36 .35 .35 MESS PORK. July 22.60 22.75 22.60 22.70 Sept 20.75 20.75 20.60 '-'U.62 LARD. July 10.15 10.12 Sept 10.27 lO.HO 10.25 10.25 SHORT RIBS. July 12.00 12.00 11.90 11.98 Sept 11.95 11.95 11.90 11.00 San. Francisco Grain Market. SAN FRANCISCO, July 10. Spot quota tions: Walla Walla, $1.55 9168 asked; red Russian, $1.56 bid $1.57 asked: Tur key red, S 1 -CM 'i; V3 l.w; uiuesieiu, i.du. ot barley. 97c$1.0U; brewing barley, nom inal; white oats, $1.22 9 1.28 : hran. $24.50923; middlings, $30&31; shorts, $2. 27.86. . . Call board: Wheat steady: Dariey, Decem ber. $1.04; May, $1.09 bid; July, new, $1 bid. Paget Sound Wheat Markets. SEATTLE. Wash.. July 10. Wheat. AiT gust and September delivery quotations: Bluestem, 82c; fortyfold, 80c; club, 70c; Fife, 78c; red Russian. 77c. Yesterday's car receipts: Wheat 12. oats 2. hay 8, flour 11. TACOMA, Wash., July 10. Wheat: Blue stem. 82c; fortyfold, 80c; club, 79c; Fife, 78c; red Russian, 77c. Car receipts: Wheat 8, hay 2. Minneapolis Grain Market. MINNEAPOLIS, Minn.. July 10. Wheat July, 86c; September, 79c; No. 1 hard. 91c; No. 1 Northern, 88990c: No. Northern. 8688c. T0f Barley. 41 4c. Flax $1.59 91.61. Buropean Grain Markets. LONDON. July 10. Cargoea on passage dull with limited demand. English country markets quiet. French country markets dull. LIVERPOOL, July 10. Wheat, spot. No. 1 Manitoba. 7s 4d; No. 2. 7s 3d: Oc tober, 6s 9d; December, 6s 10d. Weather fine. Stocks at Boston. r 10 Closing quotations: . 39 IMohawk 43 . 89 Navada Cons 13 . 15 Nlplaslng Mines. 61 4 North Butte 24 . 36 North Lake 1 . 64 Old Dominion... 40 .401 Osceola 76 . 16Qulney 66 . 35 Shannon 527 9 Superior I 4 Tamarack 34 .79 L S Sm R Sl MIn. 34 . 28 do pfd 4 . 20 L'tah Cona 10 5 Utah Copper Co. 57 8 Winona 2 S Wolverine 39 22 ADouax Amal. Copper. . . A tt, 7. T. ASm . . . Arizona Com. . . . B Superior. . . Cal St Arizona. . 'a! Sl Hecla. . . . Centennial Cop R Con Co. . V. Hutte Coo M. Franklin nrnnhv Cons. . .. Greene Cananea. Isle Roy (Cop) VT-r T .nk . . . . Lake Copper. . . La Salle Cop.. Miami Copper.. Naval Stores. SAVANNAH. Ga.. July 10. Turpentine, firm. 46c; sales. 603; receipts, 110; ship ments. 320: stocks, 22,358. Wnln firm: sales. 2448: receipts. 3727; shipments, 1021; stocks, 121,852. Quote: A, u n an- T S3 H, S.i. c;, V, c. a, v K, $4.40; M, $4.8(1. London Wool Sales. LONDON, July 10. Offerings at the wool auction aales today amounted to 13.410 bales A large show of crossbred met with a ready sale In sellers' favor, Americans securing the best half breds and mediums. The supply of Merinos was small and they were strong, New South Wales scoured realizing 2s 8d. Duluth Linseed Market. ... rrm T..l in T I - .. 1 A1 IX T.llv U. July 1 S1.61V4: September, $1.63 tt : October. 11.634; November. $1.63. Cotton Market. NEW YORK. July 10. Spot cotton, quiet. Middling uplands, 13.25; do. gulf, 18.60. No sales. Dried Fruit at New York. unnr vi-ndV I.,'.. 1t ITirii nrifatatrl snnt'R quiet; prunes, steady; peaches, barely steady. COAL RATES TO BE CUT Oregon Electric Notifies State of Its Intention to Change. sir. rtr .Tulv 1fl. CSDecial.i The State Railroad Commission was notified by the Oreyrui Electric tnat 1, wmilH nut. into effect Ausrust 6 the following- schedule of rates on coal and coke shipped rrom me wusinson mines. Fairfax, Wash.: v Long ton coke from the mines to Albany, $2.95, a reduction of 37 cents; SALE OF DAMAGED BARLEY AND WHEAT Recovered from Oceanic Dock Fire See salesman at Mersey Dock (just south 'of Upper Albina ferry) Balfour. Guthrie & Co. i . . PINKERTON & COMPANY UNITED STATES DETECTIVE AGENCY Chicago 111., ever since 1883 k No connection with or relation to the Pinkerton National Detective Agency. Scientific detective work along modern lines. Our COMMERCIAL DEPARTMENT We force the payment of bad debts. We operate on the broad principle that you cannot make any one pay you unlet he wanU to pay you, and our province is to make him want to pay you. A DETECTIVE AGENCY CAN DO THIS. Northwestern Offices, 412-13 Lmnbermens bldg ., Portland, Or. Phone Main 7741. W. H. TREECE. District Manager. , LADD & TILTON BA NK LaUablUheid tl Capital and Surplus $2,000,000 Commercial and Savinars Deposits afrl!ssaraana3 mm mm i mm a mu i mw I mm . 4 mm HsaB km v -sMaKm Kooaaaa- Sellings irOm JrtW 101 K evr nrtaBWUI, IV . ob. JSEKa tFrance (new), Wed., July 15 ss,swar , .,vv: July 1 U LOBJIAINE AllC. i l KAM K . Mi is LA SAVOlK July M 'UPBOUM K Aug. IS M.A SAVTJf Asg rs I TWlKPftL 'fiABtDAT BA1L1SC.S FROM NEW YORK. $ P. M. "J.5V.Lir , rims III and THIRD-CLASS Paamgers Onlj. u k.Mn,.r MO !U St.: A. U. I" z Tap m , . iiorscT B. smith, en .in r ' '" &. U AS W'liasT" . SSfjLP""" ,to, "d mmtk b. Walker, agent t nlon Pacini- Railway. to Etts-ena. $5S. reduction of " cents, and to 9alm and Woodburn. .. re duction of 54 cents. , a trx Altinnv. S2.U, tO Eugene, $J.55. and to Salem and Wood- burn. K.30, tne reaucnon. ""-" the same aa thoae mads on cone. Speeder Awlthsnt Victim riles. W. P Clark, who sustained a frac tured skull Wednesday when his r speeder lumped tha tracks OsAvsgo and Cooks, dtsd at the uood Samaritan Hospital yesterday rooming A companion, who was riding- on the ipeeder wltfi Clark when the acciaeni occurred, mlraiuiousiy must""- Alberta Oil Leases Wa own upwards of 5.00 acres of oil leases, selected early, and rsportsd on by well-known men of practical oil experience, men who have operated In California. Borneo. Kzjypt. Naw Zealand. South Africa. South America, and in all tho known field! of the world. These leases are located close to de velopment work in each of the following- districts: Sweet Grasa, Pincher ,..1, Pins-man. If owbnu - Be r k el ey . Monarch, north and south; Red Daer. Wetaskiwln and wamwriarni. Th lAaftea of many well-known com panies in Alberta today have been se lected from our noiaings ana wa vn Bupply you with anything from 40 acres up in any district you wish. So many wells are now being drilled that the location of the main crude oil field is only a matter of weeks. For rZ r, t i f on nil com L II U Mil ' IV.-.il m pany. we suggest well located leases . . I . .w 1 J I In each district., so inai mj wuuius a large body of oil In any one will benefit all. . .... . We have a number of Alberta char ters ready for companies of different sixes. We can lay down a Stands ro Drilling outfit in a short time on easy payments and supply experienced men to operate it. we will co-operate the flotation of a company with responsible men who have, or soon will, develop a good sales organisation. Experienced oil men all agree that the discovery in Alberta of one of the largest oil fields of the world Is Im minent. A no pUSSIUiiiii- jwi flotation of a company In your locality are tremendous. By a careful selection of leases you can safeguard your stock holders, and practically eliminate all chance of loss. ir this interests you, write us mi maps of the entire oil field and full particulars. atern Canada rroprttea, Ltd., Lougheed Building. Calgary, Canada. WTULITHIC',js a first-class pave ment in every par ticular, and while it some times costs more, it is the cheapest in the end, because of its great er durability. J.C. WILSON&CO. STOCKS. BONUS. GRAIN AND COTTON. MEMBERS NEW TORE STOCK EXCHANGE CHICAGO BOARD Or TRAD NEW YORK COTTON EXCHANOK Hit STOCK AMD BOND KXCUANO SAN FKANC16CO. PORTLAND OFFICE: Lewis BuiMing, 269 Oak Street Phonos Marshall 3868. A 4187 TRAVELERS GUIDE ALASKA Special one-way and round-trip rates. Steamship sails diren 9 P. M. THURSDAY. JULY !. Few Reservations Left. Stan Francisco. Portland & l.oa Angeles Steamship Co. FRANK BOLIjAM. Agent. 134 Third Street. A-VMMl, Hale STEAMSHIP Sails Direct for Saa Francisco, Ids , Aaatelea and San Dteao. Today, Saturday, 2:30 P. M. BAN FRANCISCO, PORTLAND EOS ANGEEKS STKAMSH1P CO. FRANK mill i M. A grew t 121 Third St. A. i -li. Mala iM. Compo.4nie Gener&le Transatlantic, ue Mrrrl l.lne to I1 1 - lurl. I franc--). inarii.... , TKtt Kl.KRM- . IK ROUND THE WORLD AMONG ike many advantages ol that trips are the extremely lew rates; 1 1 you always travel fitst clas. and that they ara absolutely independent, biart where you will, travel in either direclinn and rem tin in 6204 any place aa long aa you. please. Tickets good for two years You see the whale world through eyes hade bright by the w.r!d famous Lloyd service and cuiaine. Writ, for kMsttfol A .... a its WsrW" ... OEUttCHS COMPANY. C.a. Asta. ( BiWwar. Now York frtsU Ckss-sAs, o. p. C. A . aan rrsa tijro. or local asei (. ' NORTH GERMAN LLOYD Royal Mail STEAMSHIPS "The unooi ujuu v- asanas SCENIC ST. LAWRtNCE ROUTt in. MV I'lltHI.Na; HiaavSruple-Vr'e". S. 8 ALSATIAN" and 8. S. ' CALGARIAN LANU EST Kl . KST V ASTatST CANADIAN HUUTa, 3 Weekly Sailing. Montwal-QuebwC. Liverpool- tilaigo w harre London Ui ru i aotaaa . asvaa atase. cummer reservation ilsta uow ois.i Early bookings recoinmsnoed Kond tr descriptive Booklet "O." "or full par ticular aa to aallinga, rates, etc.. app.y lo Local Agent Or SA.LAA SB A l'T" M Nocjh DoarbOA-a Street. Chicago. AUSTRALIA TAHITI AND NfcW XtAl-ANU Ron ad Trip Kale.: f1rl-ela I a hill i tm Waallnat on --OJ., in 'i'" IOW. Ing nit. Ion. ICO. Ki. in. IS. HnM-lwJ lK-irir IW-e-jn lour ilncliK 8outh Sea lalss). 13-3. Li class 1 """H1 ILiunri thr World Kate. in. mI'I-M'S Regular through ssrvlce from Kan I- re"i:l a a. Tar. i u i i,wv loo-F, Moana (10.000 '.mil. sail. Aug. Wlllochra (1J.000 tons! sails bept. 8. S. a. a XTnloo Steamship Co. of New -.liuid. 1 Offl: T MarVet strsst. "an Franclaco oral 8. S. and H. R. agents. TO SAN FRANCISCO, LOS AN GELES AND SAN DIE00. 8. S. ROANOKE. WEDNESDAY, J LET la. 000S BAY AND EUREKA 8. a. GEO. W. ELDXH SA1US hl'MlAV MORNING AT v. NORTH rACTEIC STKAMSMir CO. Tlrket Offlee, I rroigbt Offl.-s, 1SSA Sd St. Columbia Dock. Main 1SU. A-1311. I Mala IBoSL A-34J2 K B. BEAXKK SAILS 1 OR SAN FRANCISCO LOS ANGELES A. M.. Jul? 11 The Ban Fraoelsro I'ortland K S. to. 3d aud tt'avshlngtaa Has. twltb O.-W. It. ti. Co.). Tel. Mariiliall .vo. Silt. COOS BAY LINE Steamship Breakwater alia frees Alaswsrth dock. He-llaaO. Ia a, July T. IE IT. 33. 37, Aug 1. a, II. IS, 31-zo. Frojgbt and Ock-i oaik. u.w reriiena m - L. M. KEATINti. Agent, Poen. Ian euw.va Ml BLAnjiM,a. And nil Artrnftn Porli New .u Fa. (It ton) r n Ml mi ii WOn DAJftllS. Oa. agts, I oVsaoooj. . I. Darter B Sanltb. Sd and W ashlogtoo Mae, Or IH-al Agent . DRAIN TO CtK RAY. Autos run dally Delightful trip via Allegany ur tho Ocean-boacb route. V. tr reservations to O. MA I TOON. Urala. A miAMUNE