Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 7, 1915)
u THE- 3IORXIXG OltECOXIAX. FRIDAY; MAY 7, 1913. 19 ITER PROJECT 15 -. IMPORTANT ISSUE Measuring of All Water Used, to Be Voted On in June, to Cost $1,000,000.' " FIGURES SHOW .EXPENSE Initial UomMssuo of $500,000 Pro posed and Interest and Replacing-AYoru Out Devices to liun Up Total. Although the question of putting wa ter meters in all homes in Portland will appear on the ballot at the June election in the form of a referendum ordinance providing: for the purchase of the Initial installment of 5000 me ters, the real issue will be whether or not City Commissioner Daly win be authorized to issue not less than 500. 000 in 25-year 4 per cent water bonds to raise money to install the proposed city-wida meter system. The ?500. 000 will be the initial expenditure. The bond issue, however, will require the ultimate expenditure of more than 11,000,000. At present there are 67,000 water services in Portland. Of this num ber 14.000 are metered, leaving a total of 43,000 which would be provided with meters if the Daly plan were carried. The average cost of meters of the type favored by Commissioner Daly is $8.40 each and the average cost of installa tion of each meter is 3. Borne instal lations cost less and some more than 3. l.'t.OOO Would Coat 4!K,00. For 43.000 meters at the rates paid by tho city dining the past two years ihe total cost of installation would be $490,200. This is figured on the basis of $11.40 for ouch meter, which item is made up of $8.40 for the purchase of the meter and $3 for installation. The only means by which money could be raised would be the issuance ahd sale of bonds. Water bonds sell at least 6 per cent below par, so that $500,000 would hardly be sufficient to provide the $490,200. The bonds as is sued would draw interest at the rate of 4 per cent a. year, which would mean an expenditure each year of $20, 000 to meet the intorest on the bonds. Intrrrat Would n $500,000. For tho 25 years the. bonds run the total interest would amount to an ad ditional $500,000. In addition to the payment of interest, the city would have to set aside $20,000 each year to redeem the bonds when they become due 25 years hence. This shows that th actual amount involved in the orljr ' tnal purchase of meters is considerably over $1,000,000. Statistics in the city water bureau show that the average life of a meter Is from 12 to 15 years. This means that at least ten years before Portland succeeds in wiping out its original meter debt the entire set of meters will have worn out and the whole ex penditure will have to bo duplicated. For ten years Portland would be re quired to pay interest on $500,000 worth of bonds after the meters purchased by the bonds were gone. Kach year after the- original Instal lation of meters the municipal debt would be increased by the putting in of meters in new services. . 934,200 Yearly Issue Needed. Water bureau records show that there is an average of about 250 new services added each month, or 3000 new services each year. To put in meters on these new services would mean the issuance of $34,200 in bonds each year for this purpose. At the end of 15 years the total new bonds issued to put meters in services not now existing in Portland would amount to another $500,000. This Is based on the average increase of the water bu reau in the past. The figures show that the meter project to be voted on is one of the biggest Issues confronting the voters in years. The initial outlay of money for the meters will be more than $500. 000. This issue of bonds will involve before the bonds are redeemed a total of $1,000,000. In addition to the initial $500,000 investment, the additional in vestment in meters will be $500,000 within 15 years. At that time Portland will be paying meter toll to the ex tent of $40,000 a year interest on the outstanding meter bonds and $40,000 annually tor the redemption of these bonds. JUROR REFUSES TO OBEY James Foley Says Instructions of Court Must Be Riglit. James Foley, a Juror, is independent of judges, courts and all that sort of thing. Because he gave expression to his ideas on this subject yesterday he was removed from a jury in Circuit Judge Davis' court. "If you are selected as a Juror in this case, will you obey the instructions of the court?" asked an attorney. Well, if the court's instructions are right, I will obey them," said Foley, with a broad Irish brogue. "But if the court's instructions ain't right, I'll dis regard them. I've been on juries here before, and if we didn't think the court was right, we, didn't pay any attention to what he said." Foley was "challenged for cause," and dismissed from the Jury. PERSONALMENTION. W. L. Nicol, of Boise, is at the Ore gon. H. T. Englehorn, of Spokane, is at the Carlton. J. B. McNutt, of Fallbridge, is at the Oregon. Roy C. Inman, of Colfax, la at the Oregon. O. A. Rich, of Independence, is at the Seward. A. 13. Sanderson, of Salem, is at the Carlton. M. Youngson, of Astoria, is at the Perkins. E. Butler, of Marshfleld, is at the JTortonia. J. E. Wallace, of Detroit, is at the Nortonla. D. M. Logan, of Astoria, is at the Tortland. L. M. Curl, Mayor of Albany, is at the Perkins. M. A. Tobln, of North Yakima, is at the Oregon. Wallace Mount, of Olympia, is at the Multnomah. P. Leavey, a rancher of Aurora, is at the Perkins. August Schaupp, of North Yakima, is at the Carlton. Irving S. Leonard, of Oakland, la at the Multnomah. Miss L. VS. Brltton, of 'Grass Valley, Is at the Katon. K. M. Wllkins, Mrs. Wilkins, Miss Gladys Wilkins and Mrs. 1. D. Holt, of l'iugene, are registered at the Portland. C W. Swanson, a stockman of lone, is at the Perkins. A. J. Innis, a lumberman, of Kalama, is at the Nortonla. Miss K. O: Turner, of Rochester, Wash., is at the Katon. The Dalles-Celilo water queens are registered at the Portland. C. II. Callender, ,a steamboat man of Astoria, is at the Portland. Charles Witt, a tourist from Milwau kee, Wis., is at the Nortonla. J. F. Handley and daughter, of As toria, are at -the Multnomah. Leonard Case and Mrs. Case, of Look out, Idaho, are at the Carlton. Mr. and Mrs. I R. Flynn, of San Diego, Cal.. are at the Portland. Frank Thompson and family, of Lewiston, are at the Multnomah. William Buthorn and family, of Grand Junction. Colo., Is at the Seward. Samuel E. Webb, a lecturer, is regis tered from Chicago at the Seward. George M. Brown, Attorney-General, of .Salem, Is registered at the Seward. J. C. Hariris and family are tourists from Massilon, Ohio, at the Portland. Late registrations of prominent per sons at the Imperial Hotel were: Sen ators Poindexter and Jones, of Wash ington; Representative Hawley, Ore gon; ex-Governor MeConnell, Idaho, and Dr. H. T. Graves, State Agriculturist, Washington. The following distinguished persons are at the Imperial Hotel: Governor Wlthycombe, of Oregon; Governor Lis ter, of Washington; Governor Alex ander, of Idaho: Congressman W. E. Humphrey, of Washington; General P. H. Crow, Idaho National Guard; Major W. Jeffreys, Idaho National Guard, and Ben W. Olcott,' Secretary of State, of Oregon. FANCY BEEF IS HIGHER PILP-KEO STEERS BRING $ AT STOCKYARDS, Other Line Are Steady Trade Is Mostly In Hog Dlvlnlon. Receipt Light. The strensrth of the cattle market was demonstrated at the stock yards yesterday by the sale of a load of steers at $8. They were pulp-fed stock and strictly choice. Another load was taken at ST. 93. while choice cows brought JO. SO. In other respects tho market was steady. Most of thn transactions wero In the nog division, where $3 continued to be tho rul ing price for top grade lightweights. Mutton xtock sold within the current rane of quotations. Choice wooled lambs brought l-S.uu, and ewes and wethers the. usual price. ll-ccipts were 270 hogs, 704 sheep, 2 cattle and J calves. Shippers wre: With hogs J. M. Mishler. Hubbard, 1 car; J. I. Bui-dick. Salem, 1 car. With sheep Patton, Overton, and Falk, Halsiy, - cars; J. 1). Dinsniore, Jefferson, - cars. "With mixed loads Oeorge Zimmerman, Yamhill, 1 car hogs and sheep; Zimmer man & Weed. Carlton. 1 car cattle, calves, hogs and sheep. i no day s Hales were as follows W t. r r. Wt. Pr. 115 24 cows. . in-j:; r.$ii 95 ewes. 'I wethers 7 yearl'gs l.K lambs. :t lambs. 1M hogs. . 32 hogs. . 2 hogs . . - cows. . Mill 1 row,. 7:iii 1 stag. . 1i)7t H.OO J20 tt.MI) 7.31) 83 T.25 8.50 S.50 7.23 8.00 7.00 8.00 7. Ml e.75 T.-'S 8.00 ' steers. 1 104 -ti steers. 1121 Kill JMO lllll i:m ::os 7.0. 7.H." 12S 357 .".no 175 :tr,5 ii? 210 I steer, . 1 calf. . . 1- hogs. . 0 hogs. . :i hogs. . 1 0 hogs . . 77 hogs. . H ewes . . s.oo S.OOj fi hogs. . 7..-.OI 2 hogs.. 7.oi! io hogs. . 7.2." 28 hogs. . 8.(10 2 hoes.. 1 13. 170 Prices current at the local stnffevarrt. ft the various classes to stock: Best steers $7.r.Oifj 8.0ft . .. 7.oog7.no . . . H.75r,t 7.oo . . . i.25'fi H.SO . .. 5.00 41 .1.75 . .. 5. 00 Si 6.73 ... 3.30 & 5,73 . .. O.UOiitf.iO . .. 7.50S 8.10 . .. e.00iu 7.o3 . .. t.On7T.O0 . .. 4.00(h5.75 . .. 0.00 fg. 7.30 Choice steers .......... Medium steers ......... choice cows ........... Medium cows Heifers Bulls Stags Hogs Light Heavy Sheep. Sheared wethers Sheared ewes Sheared lambs Full wools $1 higher. Omaha livestock Market. SOUTH OMAHA. May . Hogs Receipts 12.000. steady. Heavy. $7.15 7.25 ; light, 7 "5 417.35; pigs, I0.50ra 7.25; bulk of sales. $7.20 fii'7.25. Caltle Receipts :t500, . steadv. Native steers, J7.lHfi 8.50: cows and heifers, 5.754i i.i.i; western steers. 50 .,0'y 8.00; Texas steers B.OO(& 7.30; cows and heifers, SO.SO&il 7.75; calves. 7.25(Q7.75. Sheep Receipts 700. strong. Yearlings 8.75ft 11.73; wethers S.008.75; Iambs 'J.5o (tV 10.25. Chicago LI vent Oct, ;:rket. CHICAGO. Mav Moir. - 01 sinw. r.c i,nHp vAutA .i .. ... ..' .... ......... ,v..iiuaj a MVerMKU. SUIK T.4n7.60; light. 7.33ft-7.75: mixed, $7.23 1.10; pigs, $..2.i i t.S5. t'Mttle RA..cr.u 'lltOO -. 1 .. ...... oicau y . Native beef steers. $U..,l)i$R.o: Western steers. U 73 7.0; cows and heifers, $:l.0OsjS.U0; calves, $O.i0 rtkO.25. t-neep Receipts 6000, firm. Bheep, t7.0 8.40; lambs, $0.00 10.50. CROPS SAID TO LOOK WELL Processor French Reports ou Pros pects in Easter a Oregon. Corvallis, May 8. (Special.) "Crops in aiauieur counties are looking fine Kn n-lll i . . ,ii hctu utuie rain to insure, a successful harvest.- says Professor French, .. .. vui iic-u Kuiu an inspection oi agricujtural conditions and needs in that part of the state. '-Like other parts of Oregon the rainfall to date is considerably below normal, but copious Summer rains J "iiotica to make up ic-r the early deficiency. "The demonstration tracts located In vari ous parts of Harney County are showing well the fins possibilities of farming in that section without irrigation." YAKIMA ESTIMATES MADE Fruit Crop of Season Put at 620 0 Cars Against 8535 In 1914. NORTH YAKIMA. Wash.. Mav a iSne- elal.) Kstimates given out bv officials of the Northern Pacific and O.-W. R. & N. hero today place the fruit crop of the Ya kima district this venr nr f,nn, fliui rooo cars, tho former figure being the estimate of the Northern Pacific and the latter that of the O.-W. R. & n. These estimates in clude all classes of fruit. The shipments of the 1SI14 crop aggregated 83.-!3 cars l nil year a apple crop Is estimated at from yooo to 4OO0 cars, against Bono last year. Mill Designer Sent , to Koseburg. IIOSEBURG, Or., May 6. (Special.) So that no time will be lost in set ting; the work on Roseburg'a proposed new sawmill started following the bond election to be held here on June 4, Kendall Bros., of Pittsburgh, who are behind the project, have sent L. V. Jobson, a mill designer, to this city. He left Pittsburg; Monday, ac cording to a message received here, and should arrive in Roseburg tomor row. The mill will have a daily ca pacity of 250,000 feet of lumber. Cowlitz Road Is Ordered. KELSO, Wash., Ulay (Special.) The County Commissioners of Cow. litz County have called for bids on the construction of a portion of the Mount Crawford road, a few miles from this place. This road has been badly needed for a long; time. Several thousand dollars will be expended dur ing; the present season. Waivers had been procured on the rlsht-of-way on all but one stretch and yesterday a waiver was obtained across this tract for $700, The rarest plant in the world Is the silver sword, a species of cactus which grows only on the most Inaccessible slopes of Hawaiian volcanoes. LONDON WOOL FIRM Foreign Auction Market Re verses Itself. LOSSES PARTLY MADE UP Turnover in East Is Also of Larger Proportions Additional Details of Recent Purchasing In Utah at High Prices. The London wool market reversed . itself yesterday. After a weakening tendency and declines since the opening of the present series of sales, tha market turned firm and regained a part of its first losses, as indi cated by the following cable: "London, May . The offerings at the wool auction eales today amounted to 8900 bales. The selection was In good condition and the demand was better, especially for cross-breds, which recovered a part of their recent decline. Other wools were firm and In sellers' favor. American buying was slightly better. "A sale of sheepskins was held here today. There wera 8370 bales offered. The attend ance was stood and the demand fair. Good combing merinos and cross-breds showed a little change, but other grades declined from 5 to 7H per cent and were frequently with drawn." In the Eastern market there has been bet ter buying In the past week by mills, and also a more active business between dealers. An explanation for the Improved inquiry Is lacktng. as there haa been no Important de velopment in the goods trade. The larger demand has had little or no effect on prices aa yet. In Its report of wool buying operations in the West, the Boston Commercial Bulletin says of the Utah purchases already an nounced in these columns: "Buying has continued in Utah and dur ing the last ten days or two weeks about 3,000 000 to 4,000,000 pounds of wool have been purchased in and about Utah. Notable purchases have been those of the Shinn and Perkins clips, the former running about half to quarter and about 25 per cent each to low quarter and three-eighths. For this wool It Is reported that 2S cents was paid, or about 60 cents, clean landed basis. The Perkins clip le understood to have brought the same price, or possibly a half cent bet ter. This clip Is said to run largely to three eighths and Is figured to cost about 60 cents, clean landed, also. The Allen clip at Diaper, Utah, ror which 27 cents was offered about a week ago, is reported to have been sold at 272 cents. This is a Cotswold clip and is estimated to shrink about 4 25 i 3 per cent, running largely to common and braid. The clean landed cost on this basis would be about 11 Si 62 cents. 'Fine and fine medium wools have been purchased quite freely also, ranging in price from IS cents for reddish sandy wool to 22 cents for clearer wool. The latter price Is said to have been paid for one clip which wiil shrink about 67 per cent, or a good 7072 cents clean landed basis. This price la undoubtedly above. the parity of the other sales. Some wool in Nevada, amounting to about 0,000 pounds, is understood to have been taken at 20 cents with about 67 4T6S per cent figured as the shrinkage basis. One clip in Ogden, Utah, running from fine t quarter-blood, is understood to have been taken at 23 cents. 'It is reported that some efforts have latterly been mado to contract wool on the Turlington Railroad in Wyoming. . There will be a sale at a point Jus; outside Raw lins at the ranch of Boyer Bros., where some 300,000 pounds of wool is reported to have been prepared after the Australian method of classing." KAST WANTS I "I -OUR AND WHEAT Business Is Only Limited by Transport atlon labilities Available. The Eastern demand for flour and wheat is about the only feature of an otherwise dull market, and business for this account la restricted by the limited transportation facilities. Two steamers now In port will take 2500 tons of wheat and about 1000 tons of flour to New York and a liner duo later iu the month will load about 1000 tons of flour and wheat. Enough business Is offer ing in addition for a moderate-sized Amer ican tramp If one were available. Tho flour going forward will be reshlpped at New York to the United Kingdom. Last month Portland sent 22,959 barrels of flour and 96,666 bushels of wheat to the Atlantic sea board, and sinca the season opened 35,686 barrels of flour and 282,777 bushels of wheat have gone there by water. Shipments of flour and wheat from all ports of the North west to the Atlantic Coast this season are equal to 616,941 bushels. Before the Panama Canal was opened no wheat or flour went that way. Because of the higher freight charges and the sagging wheat market, the undertone of the flour market la weaker and it would occasion no surprise if prices were reduced In the near future. The domestic flour move ment Is small. Dealers are still drawing on purchases made months ago and the new business coming forward Is unimportant. Mill feed Is the only firm Item In the list and its strength Is due chiefly to the light ness of stocks carried by millers. Nothing was done In grain at the board session. Bids were from 3 to 5 cents lower than ou Wednesday, but the asked prices of wheat were" not scaled down correspond ingly. Terminal receipts in cars were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay PTtl'iid, Tbur. 8 2 4 a Year ago 11 8 4 1 Season to date 1E771 1S71 1807 1916 1941 Year ago 1528S 2540 26i9 lo6S 25o6 Tacoma, Wed. IS - J Year ago 3 Reason to date 8i9 616 Year ago..... i613 767 Seattle, Tues.. " . . .. r. B (ta 3 .... I 0 fl!9 3025 432 2326 7 SJ 3 J Season to date 7511 1061 2138 112S 6:i54 Year ago 6449 1053 1936 l 'Ha 4774 Year ago. STRAWBERRV FRICES ARE TOO HIGH Oregon Fruit Moves Slowly at Present Quotation s. Strawberry receipts yesterday from Rex and Sprlngbrook were larger and the quality was very good. The prices quoted were S3 to $3.23, but at these figures the fruit did not move well. Jobbers tried to find an outlet for the surplus in Eastern Washing ton and even wired to Montana, but with out success. It Is evident that strawberry prices this year will have to be on a lower basis than In past years In order to keep the big crop moving. The main reason that California berries have sold so well here this season has been their cheapness. Florin Dollars sold yesterday at 1.739'2 and Jes sies at SI. 25. Arrivals from California to day will be small. The orange market Is very firm. Another week or 10 days will about see the end of the navel season. A car of cabbage arrived, and a car each of lettuce and peas are due today. Of the latter, half will be left here and the re mainder sent on to . the -Sound. Peas are firmer and a cent higher in California. New potatoes promise to be scarcer because of rain in the South. WAR ORDERS I'OH WOOLEN GOODS Large Business Recently Placed With East ern Mill. Confirmation was secured during the week of the placing of some substantial orders In the East with woolen mills for cloths to be .made and shipped by July 1. One order of a million meters of blue cloths was received through the French govern ment. Another order of 1.000,000 yards was received from Russia. Belgium placed orders for 600,000 yards of heavy over coating. An order for 25,000 wool blankets at $3 each was consummated during the week for spot delivery. Another order for 1,000,000 yards of French blue uniform cloth Is pending. The business has served to tide over aa uncertain period In the production of many domestic wooien mills. The worsted mills are not benefiting directly from any of this business. Requests are In the market for wool underwear and for heavycotton under wear, but It is not known as yet whether any of it has been accepted. Last fall there were many orders taken for wool sweaters. There have been numerous rumors and complaints in agency circles of the cancel ing of many orders after parts of the con tracts 'have been completed. ' It Is known positively that In instances where the speci fication for the goods have been fulfilled in every way by the mills the goods have been held up, and questions hat-e risen as to whether the threatened cancellations, did not arise from fraudulent practices wltn which the governments have had nothing to do. Many of these matters are now being investigated by -detective agencies employed here and abroad. '' En MarWet Is Steady. The egg market was steady and un changed yesterday. Receipts are lighter, but are still liberal. Poultry was weak and dressed meats also dragged. The butter market Is steady at current quotations. Only a- small amount of butter has been stored to date. Rope Prices Advance. Manila rope prices, already high, advanced another cent yesterday. .The new quotations are 12 cents on standard and 13 cents oa clover Jeaf. , Bank Clearings. Bank clearings of the Northwestern cities vesterdav were as follows: Clearings. Balances. Portland Ii.7-',021 ii.:f.a-.'3 Seattle 1,1134,122 2N!.12 Tacoma 32,:iffl4 23.7S7 Spokane 4U1.524 ' 35.U4S PORTLAND MARKET. - QUOTATIONS Grain. Flour. Feed. Etc. Merchants Exchange, forenoon session: Prompt delivery: Wheat . Bid. Ask. Blueutem 1.25 1.20 Fortyfold 122 1.25 Club ' 1.20 1.25 Red fife 1.15 1.25 Red Russian ; 1.12 1.17 Oats No. 1 white feed 30.00 32.00 Barley No. 1 feed 23.00 21.30 Bran 24.75 m.oo Shorts 25.25 27.00 Futures June Hluestem L25 1.30 June Fortyfold 1.22? 1.21 June Club 1.20 1.23 June red fife ................ 1.15 1.23 June red Russian 1.12 1.18 June oats 3l.no 32.00 June barley 23.M 24.73 Juno bran 25.2.. 20.50 June shorts 25.75 27.50 FLOUR Patents, 0.80 a barrel; straights, $6.25; whole wheat, $7; graham, $0.80. MILLFEED Spot prices: Bran, $25,509 ?1 per ton; shorts, $27.50$2S; rolled barley, S2SW2S.B0. CORN Whole, $33 per ton; cracked. $36 per ton. HAY Eastern Oregon timothy, $14415; Valley timothy, $1212.50; grain hay. tl0a 12; alfalfa. $12.5013.50. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Ounces, navels, $2p3.o per box; lemons, $3.50d3'4.7a per box; bananas, 4ij5c per pound; grapefruit, $4 Qr 5; pineapples. 7o per pound. VEGETABLES Cucumbers. Oregon, $1.23 61.50 per dosen; artichokes, 75c dosea; tomatoes, $3 per crate; cabbage. 2!4&3feG per pound: celery, $3.50 04 per crate; cauli flower, 75c $1.25 per doxen; head lettuce, $2. to per crate; spinach, 5c per pound; rhu barb, ll,c per pound; asparagus, inject? $1.25; eggplant. 25c per pound-- peun, 7ec per pound: leans, lortt 12 per Pound. GKEES FRUITS Strawberries. $1.25'? 3.25 per crate- apples. $14fl.75 per box; cranber ries. $1112 per barrel; cherries, $2&2.25 box: gooseberries, 5tf7c per pound. POTATOES Old, $1.7510-2.00 per sack; new. oftrOc per pound. ONIONS Oregon, selling pr'e. 75c psr sack, country points; California, Jobbing price, yellow, $1.75; white, $2.25 per crate. SACK VEGETABLES Carrots, $1.50 per sack; beets, $1.50 per sack; parsnips, $1.2$ per sack; turnips, $11.50 per sack. Dairy ana Country Produce. Local Jobbing quotations; EGGS Fresh Oregon . ranch, case eount, IS t 1 0c ; candled. lUhitin-Oa per dozen. POULTRY Hens. l.'ljflJVsc; broilers, 28 tfi30u; fryers, lf?20c; turkeys, dressed, 22 u 24c; live. ltj?20c; ducks. 10&13u; gtfte, SffrOc. BUTTER Creamery, prints, extras, 25o per pound In case lots; c more in less than case lots; cubes, 21t22c. CHEESE Oregon triplets. Jobbers' buying price, 14c per pound L o, b, dock. Port land; Young Americas, 15c per pound. , VKAL Fancy, 10c per pound. PORK Block. lolOHc per pound. Staple Groceries, Local Jobbing quotations: SALMON Columbia Klver one - pound tails, 2.30 per - dosen; half-pound flats, $1.50; one-pound flats, $2.50; Alaska pink, one-pound tails, $1.05. HONEY Choice, $3.25 per case. NUTS Walnuts, 1624o per pound; Bra Eli nuts, 15c; filberts, 14&24c; almonds, 2a &24C; peanuts, 63c; cocoanuts, $1 par dozen; pecans, 1920c; chestnuts, 10c. BEANS Small white, 6'c; large white. 6c, Lima, 0'c; bayou, 6c COFFEE Roasted, in drums. 31 ? 33 c. SUGAR Fruit and berry $u.eu; beet, $tt.ao; extra, C, $8.80; powdered, in barrels, $7.00; cubes, barrels, $7.20. SALT Granulated, $15.50 per ton; hall ground, 100s, $10.75 per ton; 50s, $1L50 per ton; dairy, $14 per ton. RICE Southern bead, 814631c; broken, 4o per pound; Japan style, 5&Kc DRIED FRUITS Apples, Bo per pound; apricots, 13 15c; peaches, Sc; prunes, Ital ians, 89c; raisins, loose Muscatels, 8c: un bleached Sultans, 7V4o; seeded, 8c; dates, Persian. 10c per pound; fard, $1.65 per box; currants, 8o12o. Hops. Wool, Hides, Etc. HOPS 1014 crop. 9',410Hc; contracts, 10 zc per pound. HIDES Salted bides. 14c; salted kip, 14c; salted calf. 18c; green hides, 18c; g-reen kip, 14c, green calf, 18c; dry hides, 24o; dry calf. 20c. WOOL Eastern Oregon, medium, 25 20c; Eastern Oregon, fine, 16S18c: Valley. 23a 28c. MOHAIR New clip. 8233c per pound. CASCARA BARK Old and new. 4 4 Vfe o per pound. PELTS Dry long-wooled pelts. 14c; dry ehort-wooled pelts. 12c; dry shearlings, each. 10c; salted shearlings, each, 1525c; dry goat, long hair, each, 13c; dry goat, shear lings, each. 1020c; salted long wool pelts. May, $162 each. Provisions. HAMS All sizes, 17H eiStjc; skinned, 17 lSc; picnic. 12c; cottage roll, 13ftc; broiled. Ill 28c. BACON Fancy, 2792Rc; standard, 230 24c; choice. 17'A22c; strips. 17 Ho. DRY SALT Short, clear backs. 184J15io; exports. 10 17c; plates, 11 H 4 13c. . LARO Tierce basis; Kettle rendered. 120; standard, 12e; compound, 8c BARREL GOODS Mess beef, 23c; plate beef, $24.50: brisket pork, $28.50- pickled pigs' feet. $12.50; tripe, $9.50 11.60; tongues, $25 80. Oils. KEROSENE Water white, drums, barrels or tank wagons, 10c; special drums or bar rels, 13 c; cases, 17tt2oVic. GASOLINE Bulk, 12c; cases, 10c; engine distillate, drums, 7 Vac; eases. 7 Vic; naphtha, drums, 11c; cases, 18c. LINSEED OIL Raw. barrels, T5o; raw. cases, 80c; boiled, barrels, 77c; boiled, cases, 82c. TURPENTINE In tanks, 60s; in cases, 67c; 10-case lots, 10 less. SAX FRAifCISCO PRODUCE MARKETS Prices Current In (he Bay City on Fruits, Vegetables, Etc. SAN FRAJfCISCO, May . Butter Fresh extras, 23c? prime . firsts. 22 Uc; fresh firsts. 22c. Eggs Fresh extras, 22c: fresh firsts, 21c; selected pullets, 19c; seconds, 18c. Cheese New, 8llVsC; Young Amer icas, 12V&C. Vegetables Hothouse cucumbers, 50S5c asparagus. $1.502.75; string beans, oiif To'. wax. 4ii5Vc; Summer sqjiash, 90c&$1; peas, 4 6c. Onions California, 75off$l; Oregon, $1. Fruit Lemons, $1.50&S; grapefruit, $1.50 2: oranges, $1.65&2.50; bananas, Ha waiian, $1.&02.2&; pineapples. Hawaiian. 4-5c; apples, pippins, 7.',c$1.30: Oregon reds, $l.&04-2; other varieties, 40ft-75o. Potatoes Oregon, $1.652: Idaho, $1.60 2; new,' 2&3c; Lompocs, $2&3.25; sweets, $2 2. 23. Receipts Flour, 8930 quarter sacks; bar ley, 8136 centals; potatoes, 2926 sacks; hay, 4 60 tons. Duluth Linseed Market. DULUTH, May 6. Linseed Cash, $2; May, $2; July. $2.03. STRAIN IS RELAXED Wall Street stocks Improve on Foreign News. RECOVERY APPEARS LATE Advance Conies When Reports Are Kecelved That Negotiations Be tween Italy and Austria Are Progressing Favorably. -NEW YORK. May . The foreign situa tion was less of a depressing factor In to day's stock market, but trading was sub ject to some restraint and irregular price changes. In thn course of the early de cline leading stocks went as low or lower than yesterday's close, but general improve ment was shown In the final dealings, the movement being concurrent with semi-official advices which suggested some reduc tion of the strain between Austria and Italy. In the main the day's operations were pro fessional, the trading element veering from the long to the short account and back again with such rapidity as to make for fre quent confusion of prices. Re;fdlng and several other speculative favorites reflected intermittent pressure, and the movement elsewhere showed a mixture of gains and losses. Among the war spe cialties Bethlehem Steel partly reassertted its recent leadership, rising almost 10 points and retaining the greater part of Its gain. Pressed Steel Car, the locomotive Issues, some of the motors and petroleums scored advances of two to four points, but Westing house failed to hold Its recent prominence, the company's proposed financing acting as a deterrents speculative activity. United States Steel. Canadian Pacific and other shares In the international list were offered in moderate amounts for London and tne continent. Foreign interests bought lightly of the coppers, which led to the late recovery. There were rumors that the AmnlBumaiid Copper Company is to dissolve, with result ant benefits to its shareholders as well as to Anaconda, which now controls the opera tions of the Amalgamated Company. News bearing upon the general financial situation included the virtual completion of ivKoLiHiinns iox a s.m.uoo.uoo loan to Argen tina, half to be taken by British bankers, pronounced strength In foreign exchange, which was attributed to further selllnr of our storks by foreigners and improvement 111 miirua.i ano laoor conditions. Total sales of stocks amounted In airtooo shares. The bond market was easier, with nm recurrent selling of low-nrlred issues tm: sales, par value, aggregated $.1,755,000. u. 11 neu states oonas were unchanged on call. CLOSING STOCK QUOTATIONS. Sales In Closing Alaska Gold. iiuiiiiii-us. itigii. i.nw. Din 4.500 ::it t .if,'.. A 111a 1 Copper. 7 1 1 Am Beet Sugar. 2,2oo 47, 45', 47 American Can.. 2::rt .'io 3s4 :tsTi Am Sm A Refg. 3,000 7n flo-i4 7111 do nfd 200 msi, 11m it ini Am Sug Refg.. it lot.-, ion io!u Am Tl srei.. 600 122 , 121 i 12H, Anier Tobacco ".'! i Anaconda Jlin.. 112 3S ' si'i "3- Atrhison 4.000 JO! loo'i 101 Malt & Ohio... 25 74 7:si-i 7 J - Br Rap Trnnslt. 700 no sou Sf 14 'al Petroleum.. 500 17 10 17 Canadlnn Pac. s.::oo lito !.".- l.VHi Cent Leather... 3,soo 331 r'.ur's, J'-"" '"'s I hi Or West... 201 121: in, Chi Mil St P. 4.200 84 !"; A? Chi & N w .. ..... y,i Cliino Copper... 7.100 4il: ir.al 4iL Colo V Iron.. 18 2!U 2S' t'l Colo A South... .'. 3n D & R ; -f. it IMst Securities.. 1.2U0 int, "i:!1, 1.1 Kr'e e.000 27 2rt , "11: t.r North pfd...- 1.700 lioi, nri? 1101? f.r Nor Ore ctfs. 4.rtO,l 35 34 "44 Guggenheim K-t. l.lioo OOVi 58T o Illinois Central ,07 Inter-Met pfd . . 53 72- ' H ' ' 71 Inspiration Cop. 301 32'i S"t tist Inte Harvestrr tw? K C Southern.. 0.5O0 2?4 '07'" .. Lehigh Valley.. 2. Son 14tV. 1404 141 I.ouis Nash.. 300 120ii 3'oi i"o Mex Petroleum. 150 so 77 Tfl'i Miami Copper.. 2.5O0 20 ntif "-,7 M K & T 2.Ort 13 Tii Jot? Missouri Pacific. 3.200 t4il 14 141? NaCl Biscuit... too 310 Ho Natl Lead 3.000 Mtt g;;zi u-i Nevssla Copper. 2.100 141 , ' -.N H & II. 1.000 fi7 Nor & W est 200 104 Vi 104 U 104 FsrercaV:: .2:,0 ' i$ Hal Cons Cop... 4.300 "r. : Reading J47il 35 14- Rep Ir & Steel. 340 2HT " Lock Isl Co , do pfd ,500 "'St: s- r outnern Psc... lo. Ron jijl Southern Ry :'oo 1 7 x: Tennes Copper. . 700 33 Texas Company. 200 334 Union Pacific... 2S0 do pfd Hoo S"i 14 U S Steel l,o.-,s 57 s! do pfd poo 10s I tah copper 2.1s mu Wabash pfd 15. 000 21 ti W-est Union l.OOO S West Electric... 4)3 loo S! n no 1 7 '-i 1 7 as 13-J 14 ii ; ii-s XI SI 1, Ml . Sl'j 107"' r.X 67 7 t, KM Vi lotai sales lor the day, 616.000 shsres Ol U OS'i BONDS. U S Ref 2s, reg. PS (Nr pae 3s 64 do coupon im ) do ii j,-2 U S 3s. reg 101 14 Irnlon Pac 4s... iU t- 5 Pon J"tls p Co cov 5s. 100 BRITISH TO TAKE ARGEXTIXE BONDS. Half of New Loan W ill Be Floated In New York and Half In London. k?EW, TORK- May 6 Confirmation was obtained here today of the statement cabled from Buenos Ayres that negotiations for a loan of probably $30,000,000 to the govern ment of Argentina by American and Brlt- wr Vr .h "rr""' ' completion. Half of the loan is to be taken by a local syndicate. Baring Brothers, of London will Sther harfyn?'CIUe th lotation of the Interest attaches to the transaction from the fact that British participation is con trary to the policy outlined by the British government shortly after the outbreak of the war. LONDON May 6.17 was announced to day that .0oo,oon Argentine treasury bonds yielding 6 per cent, are about to be Issued Money, Exchange, Etc. ' YORK. May . Mercantile paper. 3 V4 it 3 per cent. " v ' Sterling exchange firm: 80-day bills. MTS:1 Cab1"' -79S5; for demand. Bar silver ROc. Mexican dollars 3814 c. Government bonds steady; railroad bondi easy. Time loans easy: 80 and 90 daye JUia 2 per cent; six months, 3j)3, per ccil Call money firm. High. J v Per cent; low, 2 per cent: ruling rate. 3 per cent: last loan, 2Vi per cent: closing bid, 3 per cent offered at 2j per cent. LONDON', May 6. Bar silver 23 -16d per ounce. Money 1 Q ltf per cent.' Discount rates Short bills, 2 H per cent' three months. 2 per cent. ' London Stork Exchange. LONDON', May S. American securities were moderately active with most of the business in Union Pacific. Southern Pacific Canadian Pacific and United States steel' Prlt-ee sagged in tho afternoon and the market closed easy. It was reported that another 12.500,000 in gold Is bein shipped from Paris to New York. Naval Stores. ' SAVAXXAH.' May . Turpentine firm. 4514c. Sales. 46 barrels; receipts. Sis bar. rels; shipments, 14 barrels; slocks, 21,597 barrels. Rosin firm. Rales, none: receipts. 2615 barrels; shipments, g:;71 barrels; stocks 76 -633 barrels. Quote: A. B, J3.23; C, O. 3 So ls. 13.35; F. G. X3.60; H, 3.5; I, 1.65'oT S.70; K, 13.75W3.90; M, 1.20; X, 15 15 WG, ?5.60;. WW, 3.70. ' New Voric Sugar Market. StW YORK. May . Raw sugar unset tled. Centrifugal. 4.70&4.77c; molasses sugar, 3. 93(1 4c. Refined steady. . Chicago Dairy Produce. CHICAGO, May . Butter Unchanged. Eggs Receipts 23,785 cases, unchanged. Cotton Market. NEW YORK, May . Spot cotton quiet. Middling uplands, 10.05c. Sales, 1500 bales. THE FIRST NATIONAL BANK Fifth and Morrison Street Capital and Surplus - - - $3,500,000 A general banking business transacted on the safest and most accommodating lines consistent with sound banking. THE Oldest Bank in the Pacific Northwest cordially invites your account Subject to Check or in its Sav ings Department, with the assurance of courteous treatment. Corner "Washington and Third ESTABLISH CD 1859 WHEAT LOSES GENT Fine Outlook for Crop Weak ens Chicago Market. CLOSING TONE UNSETTLED Reports of Largo E.xpot't lJusincs at Seaboard Lead to Sud den Itally In Latter I'art of Session. CHICAGO, May . Wheat averaged lower today, owing chiefly to the continued gen erally excollent outlook for the domestic crop. The close was unsettled, to 10 under last night. Corn finished !tH cent to S to H 'cent down, oats off i to i cent to W & S cent and provisions ranging from :0c decline to a rise cf 10c. Assertions that a large export business at the seaboard had been done in Spring and Manitoga wheat led to a sudden rally in the iHSt 15 minutes. Further rsls in the domestic crop belt tended, thougil. to prevent a complete recovery, and so, too. did large primary receipts. On the othef hand, eomo fear of rust and Insect dsmugt gouthwtat counted late affainA thn bears. Corn weakened with wheat and as a re suit of H;eriiIativo spiling due to the plow, ness of cash demand. Ohio and Indiana wero said to be underselling Chicago Good rains and the abs.-nre of any Im portant shipping call made oals recede with corn snd wheat. Liberal amounts were disponed of to go Into store here. Provisions were unsettled by a decline In the hog market. 1-ard was freoly sold by scattered longs, but shorts and commission houses seized the chance to buy pork and ribs. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. May l.t St.sl'4 ll.f.HU $l.oi, July 1. 3 4', 3 1.3ta 1.J1U COIt.V. .Mav July .76 .7U .7'i .79 OATS. May 54i .5i .34' .St 4 July .at .14 .03 ?s .i3 vs " M1SSS POKK. July 18. SO 1R.32 IS. 12 1S.32 Sept 1S.SS 1S.73 13.05 J 4.7 J LARD. July 10.30 10.3(1 10.20 10.22 Sept 10.65 10. C5 10.-U 1U.47 SHORT RIBS. July 10.73 10.77 Sept 11.02 11.0J 10.67 10.75 10. 1)5 11.03 Cash prices were: Wheat No. 2 red, S1.S9U0L6O; No. 2 hard, 1.59 ifc 1. 60 .. Corn No, z yellow, 77Vi78c; others nom inal. Rye No. 2, 1.20!i. Barley 73W79C. ' Timothy ih 6.75. Clover )8.50 (rit 13.75. Primary receipts Wheat, 1.020,000 vs. 624,000 bushels; corn, 637,000 vs. liOO.ouo bushels; oats, 455.C0O vs. 480,000 bushels. Khtpments Wheat. 410.000 vs. 1.O14.000 bushels: corn. 433.twK vs. 982. too bushela; oats, 375,000 vs. 639,000 bushels. Clearances Wheat, 679,000 bushels; corn. 136,000 bushels; oats, 106,000 bushels; flour, 58,000 barrels. Argentine shipment estimated this week, 3,200,000 bushels; corn, 595. 0O0 bushels. Foreign Grain Markets. LONDON'. May . Cargoes on passage 14 to 3d lower. Minneapolis Grain Market. MINNEAPOLIS. May 6. Wheat May. I1.S6H; July. 1.51Ti: No. 1 hard. S1.62-J4; No. 1 Northern, $1.581.63; No, 2 Northern, $1.53 ? 1.09 Barley 66 74c. Klax U.96(frl-98. - Eastern Grain Markets. WINNIPKO. May . Wheat closed: May 1.3, July fl.60; ST. LOUIS, May . Wheat closed: May Sl.04, July U.ZHij OMAHA. May C. Cash wheat 1 Vs to 2 Vi lower; corn, Vi t 1 lower: oats, lower. Grain at San Francisco. FAN FRANCISCO, May 8. Walla Walla. $2. 17 6 2.2: red Russian. 12.15 (f 3.17 tj ; Tur key red, 12.20 2.25; bluastem. S3. 25 it 2.27 V4 : feed barley. $1.25 1. 27 S ; w hite oets. $t.77'i C1.8U; bran. $2.oOf27; middling., tSitttii shorts, $28 j 29. Call board: Barlsy, May $1.2$ asked; De cember $1.28Vi. Puget Sound Grain Markets. SEATTLK, May 8. Wheat -Biuestem. 11.26: forty-fold. $1.23: club, $1.21; fife. $1.21; red Russian, $1.15. Barley $24 par ton. Yesterday'a car receipts: Flour 3. TACOMA. May . Wheat Biuestem, $1 30 18 1.31: forty-fold, $1.29tt 1.30: club. $1.26; red fife, $1.25; red Russian, $1.24. Car receipts: Wheat 13, barley 1. oats C, hay S. Coffee Futures. NEW TORK, May 8. The market for cof fee futures opened at an advance of 3 points to a decline of 4 points, near months being lower under scattering liquidation, while there .was some trade buying of later dellveri. The demand, however, was lim ited and the market . eased off during the afternoon under reports that the first offer of new-crop coffee to be received from Santos this season were about hair a oent under old-crop values. The close was 6 to $ points net lower. Sales. 44.50O bags. May, 6.13c; June. 6.21c; July, 7.32c; August, 7.34c; September, 7.35c: October, 7.40c; Novem ber, 7.44c; December, 7.48e; January, 7.&3c; February. 7.5Sc; March, 7.65c; April, 7.47c Spot quiet. Klo No, 7, 7?e; Santos No. 4, 10 He The cost and freight market wae reported somewhat unsettled, with Rio grades a shade lower. New-crop Santos bourbons were reported to be offered here at 10c elf. for 4s. Mllrels prices were 73 rels higher at Rio and unchanged at Santos. Rio exchange on London was l-32d lower. Dried Fruit at Jfew York. NEW YORK. May 6. Kvaporated apples, dull; prunes, steady; peaches, dull and nom inal. Metal Markets. NEW YORK. May 8. Copper firm. Elec trolytic, 19c; casting, 18. ioo 18.75c. Iron Quiet and unchanged. The New York Motal Exchange quotes tin dull, 37i41c. The Metal Exchange quotes lead quiet, 4.15f4.20c; spelter, unchanged. Wool at New York. NEW YORK. May 6. Wool Steady. The Canadian Bank of Commerce HEAD OFFICE Toronto. Canada. Established 1807. A general banking business transacted. Interest paid on time deposits. Commercial Letters of Credit Isaued. Eitsinis on Loajos, tmlisd, Uongkjt and Sold. PORTLAND BRANCn. Corner Second and Stark Sts. F. C MA LP AS, Manager. TRIVKI.KRS1 Gt'IDE, San Francisco Los Angeles (Without ChsiKe Ku Itonte) The III . lean, i 'mfortnhl, Klraantly Appointed. nes-Oelsg !leamhli BEAVER Sails From Alnswortk Dock A. M., M A V 7. 10O Golden Miles oa Columbia Itlver. All llatra Include Berth and Steal. Tablea and Service Cnexcei.'ed. Ihe dan Francisco A I'urllanil . ft. Co.. Third and lsahlastos !4. vlth .-W. n. & ti, ta. Tel. Mar shall doOO, A tlLll. FRENCH LINE Conipugnie Generale Traoat lantliiue. TOSTAL SLRVICL. Sailings from NEW YORK to BORDEAUX ROCIIAMBEAU ... May 13, 3 P. M.. NIAGARA .. CHICAGO .., ESPAGNE .. .. ..May 22,3 P.M.' ... May 29. 3 P. M. June 5, 3 1'. M. FOn INFORMATION APPLY C. W. Stinger, go 6th st.: A. I), rharlton. 65 Mirrlsoa st.i K. M. Taj-lor, C. M. St. P. Kv.t Uorsey B. Smith, lie 8d at.t A. C bbeidoa. 10O ad t. 1 11. Illrkaon. 34B Wash. Ington st.i North Hunk Koed, 6th and felarh ts.j F. ti. Mrlarlanii, 3d and WanulAgtoa kta. E. B. Dutfy. It Xd t.. t'ortlamd. Palaces of the Pacific S. P. NORTH Kit V PACIFIC S. . OKKAT OIl Tlll.ll.N De Luxe r est Line to SAN FRANCISCO .'VOHTHF.R.'V PACIFIC Salla Moy 7, It, 1. 1U, 3, -J7, 31. Steamer train leaves North Bank sta tion 9 A. M., arrives Klavel 12:30; lunch aboard phip; ri.S. arrives San i'rancisco 3:30 I. M. next day. OHTII BANK TICKET OFFICII. Pboaeat Mar. -, A l71 Sh and Stark CGOS BAY S. S. ELDER SAILS bVSVAY. MAV S, 9 A. M. NORTH PACIFIC STEAMSHIP CO. Ticket Ofrico ( Freight Office lL'L'.V 3a tit. tt Foot .Northrup ft. Main i:il, A 1.114 0 Main iJiC. A 542 STEAMSHIP Sails Direct for San Frnnrlwo, Loi Anrelc ad bu Diego. Saturday, 2:30 P.M., May 8 CAN KKANCISCO. PORTLAND LUM ANtiKLKS MTKAMMilf CO. IILI.VK UOLLAM, Agent. lit Third wt. A Main tt. NEW ZEALAND AUSTRALIA Via HUMULtUI and SUVA PaiatiaU HaxnfU toteaicers TIA(,AKA," Joins tons di.piacsmoal "MAh L KV. ll.Ouo tone aisp.aoemest Bailing every II a ay a from Vancouver, II. C, Apply Canadian 1'arlflo sallaar to., as 3d ait., Portland. Or., or te toe laaaslaa A ttralanaa Royal Hall Lisa. VM aaauas a. Vaa-uar. as. C American-Hawaiian Steamslii? Co. A-l Btratnh.p IIONOLCLAN" 7u.",l dross Tur.if Carrying Flrst-rVass ra.aengers Only te NEW YOKtk via the Panama (anal, Sails from ban Francisco oa at about MAX 10TH. Pare l&v.0O. C. r. hX.VNtOV, Agent. t'O Ptark Htreet. Portland, Or. DALLES-COLIJIBIA LINE. Steamer State of. Washington Leaves Taylor-st. dock dally except bunday. 11 P. M. tor The Dalles and way landings, carrying freight and passennera. Iteturning, leaves The Dalles dally, la noon, except Monday. TU Main 613, Fare (U berths fcuo.