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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 28, 1916)
THE MORNING OREGONIAN, WEDNESDAY, JUNE 28, 1916. 19 ELEVEN-CENT BEANS Tho vines are entirely free from vemln which usually visits this crop. ; - The growers at Sara are very enthusiastic over the prospects of a good normal yield, although It Is a little early to predict. Joseph S. Harris, of Sara, has six acres of hops, while P. L. Stlnson has seven acres, besides other yards which are owned by people In that district. LIST RALLIES WELL berries; $404.60; raapborrlea, $4t&; lemons. S4.25i4 75; grapefruit. $2:2.25; oranges, $3.25 v 3.&0; bananas, Hawaiian, 75c & L&O ; pineapples, Hawaiian, 60c& $1.50. Receipts Flour, 30OO quarters; barley, 2570 centals; beans. 1367 sacks; hay, &2.S tons; potatoea, 2843 sacks. Coffeo Futures Close Lower. NEW YORK. June 27. The market for coffee futures opened steady at an advance of two to three points on scattered cover ing and a little European buying, which may have been promoted by an Idea that recent liquidation Had strengthened the technical position. The official cables re ported further declines In Brazil. December contracts sold oft. from $8.08 to $ and March from $8.23 to. $S.1. with the general market closing at' a net loss of three to seven points. Sales, 53.750 bags; June. $9.76: July, $7.67; August. $7.76: September, $7.85; October. $7.90; November, $7.95; December, $7.99; January, $S.04; February, $8.09; March, $A,15; April, $8.19; May. $S.24. Spot coffeo Steady; Rio 7s, T; Cantos 4s, IO c Santos 4s were said to be offered tn the cost and freight market at 8 for July and August shipment and Rio 7a for 8. both on the basis for London credits. The official cables reported deel ines of 75 to 100 reis In the primary markets. Rio cleared 15.QOO bags for New York. HOG PRICES STEADY Higher Prices Are Named in California Advices. Upward Revision of Prices in Wall Street. Small Demand for Hops. There is practically no demand for hops at the present time, and except for a little business In the lower grades,, the dealers are Idle. A SO-bale lot of this quality was bought yesterday at 8 cents, and in Cali fornia a car of cheap Sacramentos changed hands at 74 cents. Good hops are firmly held at the old prices. JOBBERS ADVERSE TO RISE GAINS DESPITE WAR CLOUD Strawberry Season Ending:. The rain has practically ended the straw berry season. The demand yesterday was very small and tho quality, generally poor. Prices on the street ranged from 75 cents to $1.25 a crate. Cantaloupes sold fairly well at unchanged prices. Other fruits were slow. Speculative Baying Responsible for Abnormal Values Now Current in Southern State Government Purchases Anticipated. Factors of Helpful Character Are Many Reading and Steel Lead : Movement in Representative Stocks War Snares Firm. 1 N lis k There was some talk of an 11-cent bean market yesterday, but Jobbera -were adverse to putting out such an extreme quotation, notwithstanding the further advance In the south. In fact, Portland Jobbing; prices are below a parity with California. It Is believed there are encragb beans here to meet the restricted requirements during the remainder f the old-crop year, but If the supply is ex hausted, it cannot be replenished at exist ing prices. While the main factor In the strength of the market Is the Government aemand, there is little doubt that speculation bas playsd an important part In bulling prices In the south. The available supply of white beans In California Is limited, and appears to have passed Into strong specu lative hands Advices received from San Francisco yes terday said small whites were practically cleaned up at shipping points at lri cents and very few Lady Washing tons wore left at 9 cents. There was a good demand for Iylmaa, which were advancing In sympathy with the high price of white beans. Pinks are cleaning cp fast and are expected to go higher and higher prices on bayous are also looked for. WHEAT MARKET TJNXERTO?TE. FIRMEE Demand Is Small and Prices Are Generally Unchanged. The wheat market was quiet .yesterday with a firmer undertone, but prices were generally unchanged at the Merchants' Ex change. The demand continues limited. The barley market was strong, with a fur ther advance In California on both options and spot barley. There were no new developments In the oats market. Commenting on the course of the Chicago wheat market, the latest news bulletin of Kenskorf, Lyon & Co. says: "The depression in evidence at the end of last week gave way to Improvement based on the Mexican situation, but the 3c rally seems to iiave eliminated the short Interest and prices are again receding. Much is being made of the large world stocks, but tliese are being fast discounted and they will in no way counterbalance the promise of iyie-17 ' yields in either the producing or consuming countries. A much smaller busi ness than usual has been put through on early shipments of our new crop and it is, therefore, still ahead of us. There Is no evidence of pressure from Argentina, Aus tralia or India, while an Improved tone is reported from the English markets. The doilar line is likely to arrest bear operations rT- tnm. 4-ti-r.a. At leflHt- VPn If It dO&B SOt prove about the bottom." As to California's wheat requirements In the coming season, the Government monthly crop report says: 'California, once an Important wheat state and noted for large bonanza wheat farms. Is no longer classed as a wheat-producing state. Twenty years ago It produced 45, 000.000 bushels of wheat, shipping much of It .o Europe. This year its production will probably be not much more than 4.0O0.0OG bushels and It will need to ship in from other states 10,000,000 bushels -or more to meet Its own food requirements." Argentine freights, according to yester day's advices, are holding at 140s, a decline of 6s since Friday. Bradstreet's estimates the visible wheat decrease at 4.6S0.O0O bushels. Terminal receipts, in cars, were reported by the Merchants Exchange as follows: Wheat Barley Klour Oats Hay Portland. Tue. 6 Year ago fie as' n to date. 10451 Year ago 10tKH Tacoma, Mon. 14 Year ago 37 fefas'n to date. 7164 Year ago 027 Krattle. Mon. . S Year a no 2tl Beas'r. to date. 8007 Year age 7iG4 3 2 7 3 X 1 2 i 152S 19R 11S3 2666 1118 181MJ 2027 1 1 7 81 528 .... 432 2410 31 .... 6S7 32S5 1 2 10 20 2 24 9 1467 2157 1133 4424 1143 2458 1304 47S9 WORLD'S WHEAT SHIPMENTS LARGE Exports From United States and Canada Increased in Paet Week. The weekly wheat statistics of the Mer chants' Exchange follow: American visible supply Decrease. 6y o.ooo 2,011. (V00 3,933,000 i,2oy, ox 1,400.0410 653,000 1,106.000 1,324,000 1,342.000 &03.000 June 26, 1916 4.647.000 June 2S, li13 10lfl4.00O June 25. 1014. June 30, 1913. i4.ins.uH .S0.163.0OO .. .2:t.249.00O . . .12,036.000 . D.7r6.00O . . .ia7.ouo .. .46.S4UOOO July 3, 1912 July 5, 1911 Julv 5, 1910 July 0. l!)0: July 6, lrOS July S. 1U07 . Increase. Quantities on -passage Week Week Week ending ending ending Vot June 24. June 17. June 2S.'15. TTnlted King. .lti.SKM.OOO 19.-IXO.000 24,024.000 Continent ....41,040.000 41,296.000 20,200,000 Totals. . . World's .. .57.S61.00O 6O,72tJ,O00 44.224.000 shipments, principal exporting countries. flour included Week Week Week cntlins ending ending June 24. June 17. June 26.' IS. From- TT.S. & Can. ..11.122.000 H7:'rt.0OO ti.6O.VO00 Argentina . . . 1,092. CKH 2.576.000 1.2&2.O0O Australia .... 1.016.000 1.232,000 Ttussia 28S.00O India 712,000 I.06S.OOO Totals 13.042,000 14.S44.00O 8,693,000 World shipments, season to date Total tnnre t tame period July l.'l.V last season. V. S. and Canada. .4SM.3P3.00A 41H.3iM.00O Argentina 57,57i,ooo 199.0 H Australia 31.714,000 6.2V.S.O00 Panube 0u 0 Kussia 4. 192.000 12.432.000 India 13,42.000 . 50.45.000 Totals fi9.207.00O 657,71 S. 000 Fi MARKET IS FIRMER OS BOARD Current Receipts Sell Freely at Half Cent Advance Quality la Setter. The egg market was firmer at the produce exenange, witn saies or case count at 21H rents, an advance of half a cent. The qual ity of the eg its now coming In has Ira-l-roved, and this is mainly responsible for the betterment of the market. Receipts are also somewhat lighter. Butter was rather weak. Extras offered i i;o cenis, wun :; cents bio. Prime firsts were offered at 24 i cents, with 24 H rnts bid. and firsts at 24 cents, with 4 cents bid. Seconds sold at 22 cents. Cairy butter sold at 21 cents. The cheese market was active, with sales f triplets at 15 cents and Young Americas at 16 cents. Hens sold on the board at 14 cents. . Broilers were offered at 19 cents, with 17H ' cents bid. On the street country dressed meats dragged. eal was quoted at 10H and 11 cants and pork at 10 and 104 cents. A masting of the egg committee of the produce exchange was held last night to revise the rules governing the sales of ggs on the board. Clark County Hops I Welt. RIDGEFIELD. Wash.. June 27. (Spe cial. tub nop crop tn the. western part or in:s county, mciuoing sara, east of here, is said to be In good condition, and al though the growth has been retarded by tho chilly weather of the past few weeks, the present warm rains and weather are taiwai uit tuim in znaas a last growth Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland fl, 783.673 $114,011 Seattle 2,411.143 276.SS5 Tacoma 486.194 104,074 Spokane 690,18.7 48,023 PORTLAND M A RKE T QUOTATIONS Grain, Flour, Feed, Etc. Merchants Exchange, noon session. June delivery. Bid. Wheat Bid. Ask. Tr. ago. Bluestem $ . $ 1.03 $ 1.00 Fortyfold 86 .93 .97 Club .83 .96 Red fife 83 .95 Red Russian S3 ' .90 .94 Oats No. 1 white feed 26.00 26.75 26.75 Barley No. 1 feed 27,00 23,80 Bran 23.00 24.50 24.00 Shorts 26.00 27.50 24.00 Futures Bid. Ask. July bluestem t .. .$ .95 $ l.oo August bluestem 92 .99 July fortyfold 83 .91 August fortyfold &2 .91 July club S3 .89 August club 2 .89 July red fife 83 .89 August red fife S2 .89 July Russian. .83 .89 August Russian .82 .89 July oats 26.25 21.75 August oats 25.75 26. SO July feed barley 27.00 28.50 August feed barley 25.00 28.00 July bran 3.00 24.50 August bran 22.50 24.50 July shorts 26.00 27.50 August shorts 26.0O 28.00 FLOUR Patents. $5 per barrel: straights, $4.304.S0; exports, $4.10; Valley, $4.80; whole wheat, $5.20; graham, $5. HAY Eastern Oregon timothy, $23 24 per ton; Valley timothy, $181; alfalfa. $1415 per ton. MILLFEED Spot prices: Bran, $2626.50 per ton: shorts. $29 29.50 pr ton; rolled barley, $31 .50 32. 50. CORN Whole, $37 per ton; cracked, $38 per ton. Fruits and Vegetables. Local jobbing quotations: TROPICAL, FRUITS Oranges. Valenclas, $3. 50 3.75 per box; lemons, $4 5.50 per box ; bananas, 4 tS-4 V. c per Dound : pine apples, 6'g7c per pound; grapefruit. $2.505. VEGETARI.FS ArHrholr TKo?S1 tmt dozen; tomatoes. $1.50 1.65 per crate; cab- udKe. per Hundred; garlic. 10c per pound; peppers. 25c per pound; eg-gplant,10c per pound; horseradish, 8ic per pound; let tuce, $1 531.25 per crate; cucumbers, 75c $1.15 er dozen: spinach, 45c per pound; asparagTis. 75c$l per dozen; rhubarb. 16 (0-c per pouna; peas, 4o per pound; cauli flower. $1.25 ner crate : beans. 8 9- tier pound; celery, $11.15 per dozen; corn. 65 dj. ."c per tiozen. POTATOES Old. $L50; California, new, 22tC per pound. ONIONS California red and yellow. S3 a 8.25 per sack. GREEN FRTJIT Strawberries. T5c?1.25 per crate: apples, new. $2 r,er box: cherries. 3&5c per pound; cantaloupes, 50c&$2.25 per crate; apricots, $1.351.75 per tox; peaches, $1 1.10 per box ; watermelons, 2c per pound; figs, $11.50 per box; raspberries, $2.25 g 2.75; plums, $1.35; prunes, $1.75. Dairy and Country Prod are. EGGS Orejron ranch, exchange prices: Current receipts, 21c; rots and cracks out, 22c; extras, 23 Vic per dozen. Jobbing prices: Oreg-on ranch, candled, 25c per cozen. POULTRY Hens, 14c; stags, 10c; broilers, 17 l8c per pound; turkeys, live, 20f21c : turkeys, dressed, choice, 23 & 25c ; ducks, 15 12' -oc; geese, luspisc. BUTTER Cubes, extras. 25c bid: prime firsts, 24Vsc; firsts, 24c; seconds, 22 c. Job bing prices; Prints, extras, 2729c; butter- rat. o. l, 27c; No. 2, 2oc, Portland. CHEESE Oregon triplets, jobbing buying price, 15c per pound, f. o. b. dock. Portland; Young Americas, 16c per pound. VEAL Fancy. 10V4i9llc per pound. PORK Fancy, 1010c per pound. Staple Groceries. Local Jobbing quotations: SALMON Columbia River, 1-pound tails, $3.30 per dozen; one-half flats, $1.50; 1 pound flats, $2.50; Alaska pink, 1-pound tails. 05c. HONEY Choice, $3.25 per case. NUTS Walnuts, sack lots, 16c: Brazil nuts, 15lSc; filberts, 16 18c; almonds. IQVkc; peanuts, 5 c; cocoa nuts, $1 per dozen; pecans, 1020c; chestnuts. 10c. BEANS Small white, lOVc; large white, 0 c ; Lima, 7 V4c: bayou. 7 c: pink. 7 V4 c : red Mexican, 7Vc. COFFEE Roasted, in drums. 1433c SUGAR Fruit and berry, $3.45; Honolulu, $3.40: beet, S.25: extra C, $8.05; powdered, in barrels. $8.90 : cubes, in barrels, $9.20. SALT Granulated, $15.50 per ton; half ground, 100s. $10.50 per ton; 50s, $11.30 per ton; dairy, $14 per ton. RICE Southern head, 54 6 Vie per pound; broken. 4c; Japan style, 4Vi5c. DRIED FRUIT Apples, Bo per pound; apricots. 13 15c; peaches, 8c; prunes, Italian. 89c; raisins, loose Muscatels. 8c; unbleached Sultanas. 94 10c ; seeded. 9c; dates, Persian. 10c per pound; fard, $1.65 per box; currants. 812c; figs, 50 6-ounce. $2; 10 4-ounce, $2.23; 36 lO-ounce, $2.40; 12 10-ounce, 85c; bulk,- white, 78c; black, Gc per pound. Provisions. HAMS All sizes, choice. 21 V-c; standard, 19Va & 20 Vic; skinned, 18lc; picnics, 13c; collage rolls. 13c BACON Fancy, 272c; standard, 23 24c; choice. 17 22c. DRY SALT Short, clear backs, 13H 15Vc; exports, 1516Vc; plates, 1218V4c LARD Tierce basis. kettle rendered 14c; standard (tubs), 14Vsc; compound,! 12 He. BARREL. GOODS Mess beef, $18; plate beef. $22; brisket pork, $22.50; tripe, $10.50 11.5C. Hops, Wool, Hides, Etc. HOPS 1915 crop, 8 11c; 1916 contracts, nominal. HIDES Salted hides. 25 pounds and up, 16c: salted hides. 50 pounds and up, 12c; salted kip, 15 pounds to 25 pounds, 17c; salted calf, up to 13 pounds, 22c; green hides. 50 pounds and up. 14c; green stags, 50 pounds and up, 10c: green kip. 15 pounds. 17c; dry flint hides. 2Sc; dry flint calf, up to 7 pounds. 39c; dry and salt hides. 28c. WOOL. Eastern Oregon, fino. 23 23 4 e ; coarse, 30 o 32c; Valley, 30 33c CASCARA BARK Old and new. 4o per pound. PELTS Dry long-wooled pelts, 20e; dry short-wooled pelts, 16c; dry shearlings, 10 25c each; salted shearlings, 15i'25c each; dry goat, long hair, ISc each ; dry goat shearlings, 10 20c Oils. KEROSENE Water white, drums, barrels or tank wagon, lOc; cases, 17H20c GASOLINE Bulk, 19c: cases. 2Vic; naptha. drums. lSVzc; cases, 25VsC LINSEED OIL Raw, barrels, 81c; raw. cases, sdc ; boiled, barrels, 63c ; boiled, cases, gSc. TURPENTINE In tanks, 67c; In cases, 6Sc; 10-case lots, lc le. RAIN AIDS WHEAT OUTLOOK More Than Inch Falls in Country Adjacent to Milton. MILTON, Or.. June 26. (Special.) A to tal of 1.04 inches of rain has fallen here in the last 24 hours, adding much to the prospects for a good wheat crop during the coming harvest. Although in a few fields where wheat was unusually rank, the heavy rains caused some damage, generally the rain was a money-maker for farmers. Most of the wheat is already in the head, and with plenty of moisture the heads will fill out to an unusual plumpness, making up for part of the thin stand. Metal Markets. NEW YORK. June 27. Copper, dull. Elec trolytic nearly nominal. September and latr, 2729.25o, Iron steady and unchanged. Metal Exchange quotes tin weak. Spot offered at SOc The Metal Exchange quotes lead 6.90c asked. Spelter, dull. East St. Louis delivery, llo asked. Hops, Eto., at New York. NEW YORK. Juna 27. Hops quiet. Hides quiet, w 001 steady. NEW YORK, June 27. The stock mar ket experienced a general upward revision of prices today, albeit, the Mexican situa tion seemed to have lost none of its threat ening aspects. Recoveries, which were con siderably shaded In the final hours, were at tributed In part to the oversold condition of recent daye as well as to causes of a less technical nature. Among the helpful factors were the action of the Interstate Commerce Commission, which In essence granted materially higher freight rates to transcontinental roads, in creased copper dividends and an "extra" for Central Leather, additional gratifying earn ings, a new high mark for the country's export trade and another large Importation of British gold Increasing the total from that source to $110,000,000. Reading and United States Steel led the movement in representative stocks, the former recovering 2 points of Its loss of the preceding day, while Steel made an ex treme rise of 2 from its minimum of the opening. The strength of these lcsues went far toward restoring speculative trade. War issues were In better demand than for days past on reports that Washington was about to award some substantial con tracts to mam .facturers of munitions. Crucible Steel was the conspicuous feature of that group, at Its best showing a gain of 4 points, while allied industries and equipments ranged 2 to 3 points higher. Coppers were naturally stimulated by the large disbursements to shareholders. Ana conda gaining 3, and Motors responded In like manner, Mexican petroleum and other oils were firm to strong in the forenoon, but lost ground later, the former showing a net loss of 1 point on heavy selling at the close. A half score of miscellaneous issues. Including United Industrial Alcohol and shipping shares, recorded variable but substantial gains during the Intermediate session. Aside from Reading, railroads were list less during the forenoon, but contributed to the activity of the later dealings, mostly at better prices. Total sales of stocks amounted to 535,000 shares. Union Pacific showed a net gain for May of $1,582,000, ' and various Southern and Southwestern lines reported Increases over the corresponding months of last year. Foreign exchange was marked by con trasting movements, sterling being strong, with heaviness in marks. Bonds were Irregular with slight heaviness in Canadian Issues. Total sales par value, $2,790,000. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing Sales. High, Low. bid. Am Beet Sugar. 5.400 87 34 S5 66 American Can. . 8.2t0 52, 5'H 51 U AmCar&Fdy.. 1,000 G 54 H 644 American Loco. 6.400 74 65 4 06 H Am Sm A Refg. 4.300 03 H 01 ' 2 Am Sug Refg... 700 10Vi insi 109 Am Tel & Tel.. 1.200 130 129 "4 129 'A Am Z L & S.... 5,400 41 39 H 40 Anaconda Cop.. 19.4W 81 774 79 Atchison 2, 900 104 k$ 103 104 Baldwin Loco.. 11.300 79H 76 77U Bait & Ohio 2.2O0 SSi 87 83 Br Rap Tran... 200 M4 8514 B & S Copper... 5.500 67 6C1 66 i Calif Petrol 1,200 16H 15 1H Canadian Pacif. 500 176 1754 175 Central Leath . . 6,800 56 H 55 55 Ches & Ohio. B.0OO 61 i 60 tto Chi Mil & St P. 2.000 97 Vi 6 06H Chi & N W 123 C R I & P Ry.. 3,800 2314 22H 22H Chlno Copper... 1,900 49 4SH 49H Colo Fu & Iron. 7.400 421! 89-" 41 H Com Prod Ref.. 6.600 14"g 14', 1434 Crucible Steel... 34.f,00 77? 73' 75 4 Distil Secur 2.700 45 43 43H Erie 14.n) 334 S4H 35 Gen Electric..,. 600 1654 165 165 - Gt Nor pfd 700 I2014 194 119H Gt Nor Ore ctfs. 2.100 34 33 34 34 Illinois Central. 104 H Int Con Corp.. 1.100 174 164 1T4 Inspiration Cop. 11.500 49 47 49 Int Harv, N J 112i Int M M pfd ctf. 20.600 89 86 87 i K C Southern 24 Kennecott Cop.. 16.800 474 46 47 Louis & Nash 132 Mexican Petrol. 39,on 954 91 4 924 Miami Copper. . 1.300 34 i 84 i 4 M K & T pfd 324 Mo Paciric 2O0 64 6H 6 National Lead.. Soo 6514 65 64 Nevada Cop. . . . l.ono 164 164 164 X Y Central.... 8,400 I03-4 10314 NTNH&H.. 600 61 61 61 Nor & West 1.70 131 1304 131 Nor Pacific l.loo 113H 1124 113 - Pacific Mall .... 200 20 20 21 Pac Tel & Tel .' 35. Pennsylvania .. 5,200 C7 57H 5" Ray Cons Cop.. 1.800 21 21 21 Reading 45.200 9674 94? 97! Rep Ir A Steel.. 2.200 434 42 42 Shat Ariz Cop.. 700 2 27T4 2S 14 Southern Pacif. 3.300 T 74 96 3 96 Southern Ry.... 3.2O0 224 21 22 Ptudebaker Co.. lO.eoo ir;s2 ir,5 3.164 Tennessee Cop.. 2.400 344 334 33 Texas Co 1.600 12 1774 1S7 Union Pacific. . . 7,200 136 1354 13.1 u do pfd 500 824 S2 82i TT S Ind Alcohol. 0.700 141 137i 139 U S Steel 71, S00 844 82 834 do pfd I.400 3t7i 216 317 Utah Copper S.SO0 76 75 76 Wahash pfd B.. 1,900 26 264 264 Western Union. 200 93i 92 93 Westing Elect.. 5.900 5S 56 67, Total sales for the day, 635,000 shares. BONDS. TT S ref 2s re. .90 U S ref 2s coup.OO U S 3s reg lo0 U S 3s coupon. 10O U S 4s reg 110 U S 4s coupon. 110 Atchison gen 4s i2 Am Smelter 6s.. 106 NYC deb 6s. .112 Northern Pac 4s 92 Northern Pac 3s 65 Pac T & T 5s. .100 Penn don 44s. .104 4 South Pac ref 4s S9 do cv 5s 303 Union Pac 4s. . . 97 do cv 4s 9i U S Steel Ks 105 Anglo-French 5s. 97 Bid. Mining Stocks at Boston. BOSTON, June 27. Closing quotations: Allouez 4itMohawk 97 Am Z, L. & Sm. 40 Nipisslner Mines. 7 Arizona Com .. S North Butta ... 21 Butte & Sup... 6Vi'Old Dom 65 Calumet A Ariz. 67 Osceola 0O Cal & Hecla...525 iQuincy 86 Centennial .... 15 'Shannon 8 Cop Range Con. 59 Superior H Kast Butte Lop. iiiup & tins Mln. H Franklin 6 Tamarack Granby Con .... Greene Can ..... Isle Roy (Cop). Kerr Lake Lake Copper.... 85 I U S Sm. RAM. 65-74 37 f do pfd 7 H 'Utah- Con 12 4 Wolverine 54 11 I Money, Exchange, Etc. ' NEW YORK, June 27. Mercantile paper. 3i $3 per cent. Sterling 60-day Mils. $ 1.72 ; demand, $4.76; cables, $4,76 7-16. Bar sliver. 66c Mexican dollars, 50 c Government bonds, steady; railroad bonds. Irregular. Time loans Easier; 60 days. S4,!f3 per cent;-SO days. 3 S 4 per cent; six months, 4 If 4 4 per cent. Call money Firm; high, 3 per cent; low. 24 per cent; ruling rate, 2 per cent: last loan. 3 per cent; closing bid, 2 per cent; offered at 8 per cent. SAN FRANCISCO. June 27. Sterling 60 days. $4.71: demand. $4.75"i cables. $4.7J. Mexican dollars, nominal. Drafts Sight, lc; telegraph, 3c. LONDON, June 27. Bar silver. 81 H d per ounce. Aione, 4 per cent. Discount rates Short bills, 6 per cent; three months. 54 per cerw. Anaconda Dividend Increased. " NEW YORK-. June 27. The Anaconda Mining Company today Increased Its regular quarterly dividend irom f 1.50 to $2 a share. Stocks Idle at London. LONDON, June 27. American sHares were idle. SAN FRANCISCO PRODUCE MARKETS Prices Current on Butter, Egnrs, Frul ts. Vegetables, Etc., at Bay City. SAN FRANCISCO, Jnne 27. Eggs Fresh extras, 24;c; fresh firsts. 24c; pullets, 22HC. Butter Fresh extras, 24 Vic ; .prime firsts, 24c; fresh firsts, 24c. Cheese New, 15c ; Young Americas, 16c. Vegetables Asparagus, $1.25 a 2; string beans, 5'i6c; wax, 5r6c; limas, 75c: green peas. 2i3c: Summer squash, 40ii ftOc: to matoes. 25 Q 35c; ege-plant, 6 7c; bell pep pers. i(i"Wc; green corn, .ovt Onions New, $2.25 fQ 2.50. Potatoes New. $1.50tt2.00. Fruit Plums. 40? 50c. loganberries, 23c; peaches, 50d 70c; currants, $3 s$ 4.60; black RECEIPTS ARB LIGHT AT NORTH PORTLAND YARDS. Bulk of Sales Daring- Day Arc at f 8.20 Skeep and Lambi Are Weak, Receipts at the stockyards were tight, but there was a moderate supply available, as some stock was carried over from Monday. Prices In general were the same as at the opening of the week. The bulk of the hog sales were at $8.20 and the market was steady. Cattle prices paid indicated an easy tendency, most of the steers selling at $6.25 and $6.30. Sheep and lamb prices are also tending lower. Receipts were 23 cattle, 5 calves and 216 hogs. Shippers were: F. B. Ferguson, Yam hill, 1 car hogs; Jack Davis, Cowlitz, 8 cat tle, 5 calves, 83 hogs by boat. The day's sales were as follows: Wt. Price. I ' wt Trt 1 bull ....1100 $S50 2 steers ...1150 $6.60 a caivci .. our o.uui 8 cows . . . 810 5.00 3 cows .... 873 4.25 1 cow .... S30 3.00 2 cows . S15 3.00 2 cows .. . . 6:i5 4.23 4 hogs ., .. 18S 8.75 88 hog. 17 8 20 4 boss .... 148 8.00 1 hog .... 460 7 20 5 hoes ins 6 50 1 calf ... . 270 S steer, . . 690 4.23 4.2M 4.50! 4.2SI 8.00! 5.50 8.00 8.00 1 cow 1030 2 heifer, " 1 heifer 1 heifer 2 cow, 1 cow .. 8 cows . 2 cow, . 2 cow, . 1 calf .. 1 cow 2 heifer, 40 steer, 23 steer. 15 steers 1 cow . . B10 700 670 815 830 875 6!5 950 160 000 735 4.25 87 hogs .... 188 8 20 COO 4 hogs .... 1R5 8 20 3.50 4 hogs .... 269 7.20 4.00 1 hog .... 220 8 00 5.00 1 hos .... 250 8.25 6.30 6 hogs 177 8.20 6.23 3 hogs 126 6.75 6.251122 lambs .. BS 6.00 S.onl 8 lambs .. 73 8 23 . . 8!)3 .. 78 . . 866 . .. 850 . .. 86S ...1010 . .. 130 . .. 175 . .. 177 6 cows 8 cow. 4.00 4.10l 3 lambs . . 73 8.25 14 lambs .. 75 8.25 72 lambs . . E8 6.75 15 ewes . . . 124 4 23 4 ewes ... 155 8.00 3 ewes . . - 1S5 8.00 16 yearlings. 107 6 23 2 hogs . 19 hogs . 6 hogs 3 calves 1 heifer 8.20' 8 201 S.00! 6.00; 4.501 810 700 570 1 heifer u yearlings. 7S 5.00 Prices current at the local atockrarda on th various classes of stock: Cattle Steers, good Cows, choice. Cows, good ., Heifers .. Bulls 6tRFS Hogs Prime tight . C-ood to orltra Rou-Jh heavy . Pigs and slclpa Sheen 7.50(1(7. 711 6.75 & 7 50 6.25 a 6.50 5.50 ITS. 75 3 00 5.75 4.50I& 7 00 8 031? 8.25 8 ones 03 7.507.73 6 60 a 7.10 Tearllnga 6.5096. 50 Wethers S .inS .50 Ewes 4.753 6.00 Lambs .. 7.00&8.25 Omaha Llrestock Market. . OMAHA. June 27. Hogs Receipts 11. 500. higher. Heavy. $9.6039.85; light. $9.30 S9.75; pigs, $89; bulk of sale., $9,55 0 9. 70. Cattle Receipts 4000, steady. Katlve steers. 37.2510.20: cows and heifers, $6.75 8.73: western steers. J7.50W9.25: Texas steers. $78: stockers and feeders. S6.75& 8.75. Sheep Receipts 14.000. slow. Tearllnrs. $7.257.75; wethers, $0.757.23; lambs. f W.ZU 11.13. Chicago livestock Market. CHICAGO. June 27. Hors Receipts 12.- 000. slow. moBtly 5c under yesterday's aver age. Bulk. $9 65ii9.90: light. $9"35 9.85; mixed. S3. 45(519. 95: heavy. $9.4039.95; rough, $9.409.55; plga. $7.00 9.20. Cattle Receipts 2000. steady. Native beef cattle, $7.o011.85; Western Btaers. $8,800 9.40; stockers and feeders, $5.75r8.75; oows and heifers. $3.75g.75: calves, $8.5011.75. Sheep Receipts 11,000, weak. Wethers. $7(0-8; lambs, $3.40-9.75; Springs, $7.75 11.35. COOS COUNTY IS BENEFITED Bain Prevents Fire Dunirr and Hrlps tnrscft. MARSHFITELD. Or.. June 27. X Recent rains In. this section of Oregon have been of incalculable value, and ranchers on every hand say the precipitation will add much to the character of all crops. Principal among the needs was refreshment of th. grass on the ranges and in pastures, where it had been materially shortened during the month of May and the early part of June. The rains will save the Coos County fire patrol hundreds of dollars and postpone for at least two weeks the necessity for start ing the full force of fire wardens Into the forests. BAKER WOOL HOT SOLO ONLY 23,000 POUNDS OF 14S.OOO OF FERED, ARB TAKEN. Mlsh Bids on Fine Product 23 to 25 Cents and on Coarse 2S Private TV-mdera Higher. BAKER. Or., June 27. (Special.) Out of 148,000 pounds of wool, practically all fine, offered today "in Bakr at tbe annual wool sale, only 23,000 pounds were sold, although other deals whtclf may be closed later were pending1. High bids on fine, wool ranged from 23 cents to 25 cents, while for 4000 pounds of coarse wool from the S els-Ash ford ranch. In Grant County, a high bid of 2$ cents was received. Isador Koshland, of Portland, was the bidder. With the exception of 10,000 pounds sold by Walter Steiger, of Baker, at 25 cents, to John Glorleux, of Woonsocket. R. I., all the clips offered were from Grant County. The only other clip sold was that ox J. C. Moore, who sold to Mr. Glrft-ieux at 24 cents. Mrs. Kenneth McRae. of Prairie City, had the largest clip for su-le. 65.000 pounds. It Is understood that a private bid made yes terday tops the price tendered today. Mas call & Rlnffsmyer. of Dayville.- were offered 23 cents tor their 4u.OUO-pound, clip by Mr, Koshland, whlla C. H. Green, of Portland offered to take over the 16.000 pounds of line wool zrom tne beis-Ashrora ranch at 23 V4 cents. Naval Stores. SAVANNAH. June 27. Turpentine, firm. ZShi cents; sales, 3V4 barrels; receipts, oanre.s; stock, jo,.-.v rarreis. Rostn, firm: sale. Iti62 barrels: receipts, 21"1 ban els; shipments, 2423 barrels; stock. 67.1M barrels. Quote: A. B. S4.90fiS.30: C. D, E, SS.iO-aS.SOi-F. $5.S55.80; G. 3.25 3.33: H. 1. $3.:i03 85; K. ?5.351?5.60: M. t5.40.r5.7o. N, 5.&5&5.90; WG, Zk806; Dulutb Linseed Market, DULUTH, June 27. Linseed on track. ei.n Juiy, i. (o asaeaj September, $l.S0ii asked; October. S1.79U asked: No vember. $1.79 asked; December, $1.79 nom inal. ChJcaa-o Dairy Produce. CHICAGO, June 27. Butter Unchanged. Egea Higher. Receipts. 19.577 cases; rirsts. zi4 f -i.c: ordinary firsts. 19 au t c ; bi uitvi cases inciuuea, zu & ZL c New York 8ar&r Market. NEW YORK. June 27. Raw sugar firm. Centrifugal $6.40. Molasses, $5.63. Refined, steady, l ine 'granulated, $7.65. Cotton Market. NEW YORK. June 27. Spot cotton, quiet. Mia-upianai, itfawc, &aies, none. Dried Fruit at New York. NEW YORK. June 27. Evaoorated an pies, dulL Prunes, stesdy. Peaches, quiet uui. iirm. Ba$sano Dam , S"J Irrigation- System near Calgary - Building the Canadian Nation Until the Canadian Pacific Railway undertook its three million irrigation project in Alberta, Calgary was a small rancher's town. But to-day it is the largest city in that prosperous province the busy trading centre of an immense etockraising and mixed farming district It is the chief supply station of large mining areas in both Alberta and British Columbia, with natural gas and cheap electric power to attract the manufacturer. From the roof garden of the Palliser one sees the Rockies 'round which blows the warm Chinook. The Canadian Pacific has invested over $15,000,000 on this irrigation project which has 1,600 miles of canals and ditches in its Western section and will have 2,000 miles in its Eastern. Ts Partial! J. REACTION IN WHEAT Smallness of Export Sales Dis appoints Trade. EARLY ADVANCE WIPED OUT Opening Is Firm on Higher Cables and Free Speculative Bay ing, bnt Recession Follows Realizing by Longs. CHICAGO, Jun 27. Disappointment over the smallness of export sales of United States wheat caused a reaction today from an early advance In the wheat market here. Prices closed nervous at the same as yes- terdays flnteh to 4e lower, with July 91.01H and September $1.044. Corn wound up e to Tstflo hlsher, with oats varying from a shade off to He gain, and provisions unchanged to a decline of Sc. Higher cable quotations and free buying on the part of a leading speculator caused a material advance early In the value of wheat. Opening prices ranged from )4c to c higher, and were followed by an addi tional upturn and then a moderate reduc tion. Realising sales by longs led afterward to a decided reaction. Corn held comparatively strong deplte the late weakness of wheat. Liberal export business and the prevailing cool tempera tures proved unmanageable obstacles tor the bears. Besides, gossip was current that Ar gentine cargoes headed toward the United States were for trans-shipment to Europe. Oats were easy, owing to reports of splen did crop progress. Moreover, available stocks are 21.000.000 bushels In excess of last year's totals. Attempts st proflt-tsklng by longs took the edge from an advance In provisions. Bxeept in the first half hour It seemed that temporarily buying orders had mostly been withdrawn. Leading futures ranged as follows: WHEAT Open. Hlrh. Low. Close. July 101H 1.02S $Lont Ji.oi Sept. 1.04 7s 1-05 1.03 1.04 VI CORN". JnJy 74 .74 S4 .74 .74 Sept. 725, .73 .72H .72H OATS. July S!ts .3'4 .304 Sept 3SH .3S". .38 .38 H MESS PORK. Julv 24.50 24.70 24 R0 24 70 Sept 24.S7 24.40 24.20 24.35 LARD. July 1322 1 3 22 13 10 IS 12 Sept 13.35 13.37- 13.25 13.27. SHORT RIBS. s Julv 1S.75 IS 7S 13 2 IS 70 Sept 13.S0 13.82 13.70 1S.77 Cash prices were: Wheat No. 2 red. 1.04ii: Xo. S red. nominal: No. 2 hard, J1.0JS91.03H; No. 3 hard. C99c. Corn No. 2 yellow, 77 78c: No. 4 yel low, nominal: Ifo. 4 white. 76c Oats No. 3 white. 39!iS8c; standard. 40 He Rye No. 2. 09 He Barley 6078c Timothy- J8.75. Clover $7& IS. Primary receipts Wheat. 732.O0O vs. 412. 000 bushels: corn. 652.000 vs. 035.000 bush els: oats, 618.000 vs. 2S3.O0O bushels. - Shipments Wheat. 7O4.000 vs. 8SS.000 bushels: corn, 365.000 vs. 416.0OO bushels: oats, 791, 0O0 vs. 253,000 bushels. Clearances Wheat. 1.239.000 bushels: corn. 117.000 bushels; osts, 13,000 bushels; flour. 27.000 barrels. Foreign Grain Markets. LIVERPOOL, June 27. Cash wheat un changed to Id higher; cornDH to 5d higher. LONDON, Jnne 26. Cargoes on paassgs unchanged to Sd higher. Eastern Wheat Futures. TJULTJTH. June 27. Wheat c!osed : July, $1.08H fl 1.08H : September, tl.OSts 1.08 : December. 81. 0 asked. WINNIPEG. June 27. Wneat closed: July. SLllVt; October, 81.074 ; .December, 81.06. KANSAS CITT, June 27. Wheat closed: mwAi 'la I V Cffe ? fl1 - n r ll im - fmlKfT 'T il vtt i fii. a-. . i i i i i . 1 rvap r . The immense dam at Bassano, 7,000 feet in length, and the giant aqueduct at Brooks, are the greatest engineering struc tures of their kind on the North American continent. Near Calgary arelocated the large Ogden shops for the repair of rolling stock of the Western Division of the Canadian Pacific. The banker or investor desiring to aea a pro. gressive Western Canadian dry and study tha benefits of a constructive railway policy will find wbat ha wants in the Calgary district. OfSc f CANADIAN PACIFIC RAILWAY is t 55 V. Murphy, General Agent, Puscafer Departaseal The Canadian Bank of Commerce HEAD OFFICE. TORONTO, CANADA Established 1867. A geaersl bssklsg fesuslneas) transacted. Interest paid on time deposits. PORTLAND BRANCH, CORNER SECOND AND STARK STREETS W. C M ALP AS, Manager. July. 94 ic: September, 81.00 6 LOOT,. 97 U; Dsoember, ST. LOUIS, June 27. Wheat closed 99c; September, 81.02. July. Minneapolis Ornln Market. MINNEAPOLIS, Juna 27. Wheat July, 81.06: September, 81.07 H 1.07 ; cash. No. 1 hard. 81.18; No. 1 Northern. $1.07 -1.09; No. 2 Northern, 81.03 1.07 1. Barley, 6271c. , ' Flax. 81-75 41.79. Kansas City Casb. Wnest. KANSAS CITT, June 27. Cash wheat: No. 2 hard 97c a 81.04 : No. S hard. 96c $1 04; No. 4 hard. 84fi07c; No. 2 red, 93c C 81; No. 4 red, 83894c. Grain, at San Francises. SAN FRANCISCO, June 27. Spot quota tions Walls, 81.651.67; red Russian, (1.6001.62; Turkey red, (1.72 1.77 ; bluestem, (1.73 1. SO ; feed barley. (1.35: brewing. 81.35 u 1.40 ; white oats. I1.4S. 1.50: bran. $27 4j 27.50; middlings, 832 33; shorts. 830 31. Call board Barley. December, 81.B9. Paget Sound Grain Markets. SEATTLE, June 27. Wheat Bluestem. 95c; Turkey red, 95c; forty-fold. 86c; club, 8e; fife, 86c; red Russian, 84c Barley. 820.25 per ton. Yesterday's car receipts: Wheat 8. 'oats 10, barley 1, hay 20, flour 2. TACOMA, June 27. Wheat Bluestem, 06c; forty-fold, 90c; club and red fife, 86c Car receipts: Wheat 14, barley 1. oats 1. hay 7. GROWERS TO BE HELPED Market fop Hood River Fruit Is Sought by Association. HOOD RIVER. Or.. June 27. (Spe cial.) The Apple-Growers' Association has just sent out letters asking: all affiliated growers to designate the dif ferent kinds of commercial fruits grown by each. 'Where the associa tion does not handle the product of a grower it will guide the grower to the trade that will handle it. Royal Anne, Governor Wood and Cen tennial cherries are maturing this week. The fruit has been sold to the Libby. McNeil & Libby cannery at The Dalles for a net price of BV cents per pound. The prospects for Bings. Lamberts and other varieties of black cherries are better than at any time in the history of the local fruit Industry. Coo Black Sand Inspected. MARSHFIELD, Or., June 17. (Spe cial.) The black sand deposits nearer the Coast have been optioned to W. J. Wilsey and his associates. The latest reports from the black sand investiga tion now being conducted by Eastern chemists gives (17.50 in platinum and $2.50 In gold in a consignment of 85 pounds of concentrates. Chemist Wal lace, who had been investigating the THAVEi-EBy oring. AUSTRALIA NEW ZEALAND AND SOUTH SEAS. Via Tahiti and Rarotoga. Sailings f-om San Francisco July 19. August 16. Sept. 18 and every 28 days. Send for pamphlets. CNION 8. S. CO. OF NEW ZEALAND. 280 California &t.. San Franci-w-o. or local St. ti. mod R. R. Agencies. jr HUM 1 : V 1 11 : m TVki St. 7. Cosmsnerelal I-eerw t Crewlt Xsaaed. . Exchange n Lesdss, Eafflaad, Uonsvat and Said. , Coast section for several weeks, left a few days aso for New Tork, taking: with him several hundred pounds of. black sand. He will return in July. TRAVELERS' GriUE, T'P PALAEEST fcRmf jr ' S. S. Great Northern S. S Northern Pacific Portland $20.00 to and San Francisco $17.50 FIRST CLASS FHEB KX 1 HAS Tourist, 15.0O and S13.50 Sd Class, 83 Special Round Trip Fare, S32.0O. MEALS AND BERTH INCLUDED. Steamer Express Learas 9:30 A. Ml TUESDAY. THUR5DAT, SATURDAY. Prom San Francisco, I0i30 A., M. TICKET OFFICE, 5TH AJTD STARK. a-i unu way V2V, a 0671. 348 Wash St, Gt, Nor. Ry. ' Third and Morrison Ets Is'or. JPao.- Ry, S'l Postal Service lj2S NEW YOKK BORDEAUX PARIS S. 8. ROC'H AMREAC. JCLT 8. 8 P. M. 8. S. LA TOl RAINE.'. ... .JTLV IS 8 P M. 8. 8. LAFAYETTE JILY . 8. F. M. C. W. STINOER. 80 Sixth St. A. V. CHARLTON. 55 Morrison St. E K GARRISON' C. M. St. Paul Ry. KOKSEV 15. SMITH. 118 Third lit. K. F. BAIRD, 11)0 Third St H. DICKSON. 348 Washington Stl NORTH BANK ROAD. Fifth and Stark fts. F. 6 M FARLAND. 3d and Wa.-hL-igton StsI E. B. DCFFY. la Third St.. Porilaod. ALASKA Keteblk.au, Mrasgrll, Petersburar. Jnsiean. Dnnalns.' Balnea, oslfwir Kane .u4 , St. Michael. CALIKOICAIA Via Seattle or San Frsselfco to I.e a As aelen and San Dlesrn. Large, commodious passenger steamers, low rates Including berth and mesUs. For full particulars ap- rly or telephone TICKJiT OKB"ICaX 49 Washington Stret PaclX! Main 329; Home, A 2393. American-Hawaiian Steamsliip Co. All sailings between U. S. Atlantic and U. S. Pacific porta are cancelled until further notice. C. D. Kennedy, Ast 370 Stark it.. Portland. Honolulu Tn WiT tn (In Splendid Trrin-Screw OCEANIC 8.S. CO. na" seoiu"."rtJta' rnstLSU Iss f metes. e. lst Cl.JsS.8s: 2nd MM Umio srSM.Au.raite Sailina-a every 21 dTS, UH.Ini,IM7.MUta tuir . S. Aas. 10,