TIIE 'MORXIXG OREGONIAX, WEDNESDAY, JULY IS, 1916.
ONLY CHEAP MARKET
Coppers Are Higher in All Other
Countries.
AMERICAN PRICES LOWEST
Values Expected to Advance Sharply
Moment - War Closes Statistical
Position ot Commodity Strong;. H
Supply Under Requirements.
The coffee carket i in a. quiescent condi
tion. High-grade Central American . and
South American coffees are rather short in
e'upply and are bringing very high price,
and Java coffees, particularly. those of tine
flavor, but all sorts of Java are higher now
than they have been for 30 or 13 years
This keeps up the price of all high-grade
coffees.
As far as the ordinary coffees, are con
cerned, some of them are slightly easier In
rrlce than they have been, but only o in
the United States. All over Europe, even
in the neutral countries, coffees are bringing
enormous prices, In many Instance, twice
what they are bringing in this country. In
the United States generally. Brazilian coffees
are selling for less than the cost of P
tion today. This occurs very of ten at the be
ginning of the new crop, but gradually the
old-crop coffees creep up in price and bring
their full value.
Just now. almost every ort of coffee can
. . . ii,. tinned States than
0 DOUgnt ciifttiJci - . I
in the country of production, but the great
, -..;,, it. coffee men in the face.
Is th. fact that the general opinion a that
the -moment the war ceases, coffee, of all
sort, and description, are liable to advance
In price anywhere from 25 to 50 per nt
The reason for this is that the .oldlers
have become used to coffee and mand
It when they return home, and with the re
newal of general commerce the presumably
very much depleted stocks of Europe will
-have to be replenished. .Further than that
the statistical condition of the coffee market
would indicate that an advance Is likely to
occur at any time. According to statistic,
the world's .upply of coffee U smaller now
than It has been for a number of years, and
consumption is greater than production. All
prophets predict higher prices for coffee re
gardless of the rise or fall In other food
stuffs. '
INTERIOR MILLS Bl'VEKS OF WHEAT
Moderate Hour Order. From East Are Now
Being rilled.
All wheat bids at the Merchants' Exchange
were unchanged from Monday. A number of
Interior mills are purchasing, wheat in a- lim
ited way . to fill orders from the East for
flour. A small amount of business is being
done for California account for shipment
southward by rail. Oats and barley were
dull and bid. were a quarter lower.
Bradstreefs. estimates the wheat Visible
decrease at 11.024,000 bushels, the corn de
crease at 713,000 bushels and the oat. de
crease at 023.000 bushels.
The new. bulletin of Renskorf, Lyon &. Co.,
of New York, says:
"Advancing freight rates have come In as
a factor on prices and led to a sensational
rise in. England over our Independence holi
days. We failed, to respond fully, as the
foreign action was merely In way of read
justment on the freight situation. For aii
that it served -to arrest the decline, gave
time for reflection and produced a more
divided sentiment than had previously pre
vailed. Our new Winter wheat Is of such ex
cellent' quality that It Is attracting the at
tention of exporters with some expansion
In the demand, especially as rates are ruling
below old Canadian wheat. Continental Eu
rope "ib steadily absorbing supplies and the
United Kingdom Is not without anxiety:
while our farmers will not be willing sellers
at ruling rates, knowing that war spells high
wheat. Harvesting of Winter wheat l pro
gressing' satisfactorily, but some complaints
are beginning to be heard from the Spring
sections and It must be borne in mind that
5 are entering the critical period. We
believe that dollar wheat will prove the
low' of the season and the world Is in no
mood to face any adverse crop new.."
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Wheat. Bar. Kir. Oats. Hay.
T"ortlanJ. Tuesday. . . r, . . 8 2 2
Tear ago 10 .. .. 4
Season to date 46 7 40 r.3 13
Tearago.. .. 130 7 33 29 ' ' 32
Tacoma, Monday. .. . 32 .. .. 1 ..
Tear ago. .......... . 4 ... .. ...
Season to date.. 57 .. 1 7
Yearago... ' 320 32 .. 6 ' 29
Seattle. Monday ... .. 34 .. 37 G 13
Tearago - T . .. lo .. 6,
Season to date 3T.1 1 3 2B 40
Tearago 1)5 4 7 . 34 187
LABOR SHORT IX ENGLISH YARDS
Spraying of Hops General Where Help Can
Be Had.
English hop crop and market conditions
re stated In late trade circular, from Lon
don dealers: - -
Wild. Neame' & Co. A few lots have been
.old during the week at full current rate,
and the tone of the market I. firm. There
Is an Increase of "fly" in many districts and
where labor permits washing is general.
Thornton & Manger A few lots have been
sold at full market ratea and some offers
have been declined. Business, however, s
restricted.
W. It. & H. Le May The market Is firm,
but the business passing i. small. The re
ports from the plantations say the bine has
been checked by the cold weather and is
looking yellow. The aphis blight continues.
Manger & Healey--A steady Inquiry con
tinues, but the amount ot business done Is
cthall and for present requirement, price,
remain firm.
The imports of hops Into England for the
period September, 1935, to May, 1016, were
103.210 hundredweights, against 124.8S1
hundredweights in the corresponding period
3014-15, and 230.S24 hundredweights In the
corresponding period 101,1-14. The Imports
during May. 3!Ut! (10.174 hundredweights)
compare with 23.4S2 in May, 3013, and 311-)
hundredweights In May" 1014.
HO EXTRA TUBES - ABB -OFFERED
Trlme Fir(s Sell at 24 Cent, on Butter
Board.
Butter. wag weak at the produce exchange.
Prima firsts sold at 24 cents. No extras were
offered. Dairy butter was offered at 22
cents, with 21 cents bid.
Eggs again sold at 23',$ cents, case cpunt,
with HslUer supplies available at the session.
Tillamook triplet cheese brought lO'i cents
anil other Oregon triplets sold at 13 cents.
Hens were offered ot 15 cents, with 14
cents bid. For broilers, 17 cents was bid and
18 cents t,sked.
Dressed meats were firm on tho street.
WATERMELON
TRADE
IS
LARGE
Demand Increased by . Warmer . Weather.
Cantaloupe. Slow.
Cantaloupe prices wore unchanged yester
day, the be$t fruit being held at $3.30'3.75
a crate. Tbq -demand- wa. not strong. Mel
ons, on the other hand, were very active.
Berries were in fair supply and steady.
California orchard fruits were unchanged in
price: Grapes were quoted at $2.25 a crate.
Beans were In- oversupply and appeared to
be a drug on the market. Low prices were
quoted, but recelptseouldnot be cleaned up.
Wool Higher at London Sales.
LONDON, July 11. The wool auction sales
were resumed today, with offering, of 8500
.hales. It was a moderate selection, but the
demand was strong and merino, advanced 5
to 7 44- per cent and crossbred, .old from un
changed to 5 per cent higher. Shabby cross-
breds declined 3 per cent. New South Wale,
scoured .old as high a. 3. 3d and Ta.ma
nian greasy at 2s 3d.
SUGAR BEET . ACREAGE INCREASED
Cain Over lut Year I. About Twenty Fer
Cent.
The beet sugar business In this country is
constantly. Increasing in importance. The
high price of sugar since the beginning of
the European war ha. been a great factor
in increasing Investment, in this business
and new factories will ba in operation this
year in Nebraska, Idaho, Utah, Wyoming
and Oregon, while a number of others are
building which will not be ready for this
season's campaign. The beet sugar states
are Ohio. MtchsJ-an. Nebraska, Colorado.
Utah, Idaho, California and Montana, and
Willett & Gray, the sugar statisticians,
place the beet acreage this year at 743,5i3
acre., against 817,732 acre, last year, an In
crease of about 20 per cent. It is estimated
that tht. will yield about 830,000 ton. of
sugar, an Increase of about 7O.000 ton. over
this season's ' production. The season ha.
not been favorable in some states, or a
greater out-turn would be figured.
There 1. every indication that the new
season will b. a very profitable one for the
industry and thl. will mean another large
Increase in acreage next Spring. According
to the announced plans of the British gov
ernment. Great Britain will forbid the im
portation of sugar from Germany or Aus
tria for five years after the war, and a.
Great Britain is the great importer of
sugar, this will free American sugar in
terest, from competition with the central
powers for years to come.
Dank Clearings.
Bank olearlngs of the Northwestern cities
yesterday wen aa follows:
Clearings. Balances.
Portland , J2.012.49t $2ui,0Sl
Seattle 2,1)77.027 43!),:127
Tacoma 442,8011 50,045
Spokane 78U.7UJ 173.065
PORTLAND
MARKET
QUOTATIONS
Grain, Flour, Feed. Etc.
Merchants' Exchange, noon session:
Bid
Wheat , Bid. Yr. ago.
Bluestem $ .70 $ 1.02
Forty-fold ' .ot
Club K .f4
Red fife ' .si! .0
Red Russian 60 .bu
Oats
No. 1 white feed 20.25 23.00
Barley
No. 1 feed 27-25 21.00
Bran 2S.50 23.50
Shorts . 0.73 2:1. on
Futures .... Bid.
August bluestem $ .00
August forty-fold. - .SO
August club .......................... .5
August red fife T...t S3
August Russian ...................... .85
August oats 20.UO
August feed barley 20. no
August bran ..v iUJ.iiO
August short. 20.75
FLOUR Patents, $4.80 per barrel;
straights. $4.1034.60: exports, $:i.00: Valley,
$4.li0; whole wheat. $5: graham. $4.80.
HAY Eastern Oregon timothy. $23 54
per ton; Valley' timothy. $1022; alfalfa,
$14 15 per ton.
MILLFEED Spot prices: Bran. $2G20.5O
per ton; shorts, $2020.30 per ton; rolled
barley. $31.60S2.50.
CORN Whole. $37 per ton; cracked, $3S
per ton.
Fruit, ana Vegetables.
Local Jobbing quotations: -
TROPICAL FRUITS Orange.. Valencia.,
$3.304 per box; lemons, $45.50 per box;
bananas,' 441,Vc per pound; pineapples. 6
4 7c per pound; grapefruit, $2.uO5.
VEGETABLES Artichokes, 73c $1 per
dozen; tomatoes, $1.50&1.63 per crate; cab
bage, $23 2.25 per hundred; garlic, lOo per
pound; peppers, 23 o per pound; eggplant.
10c per pound; horseradish, 8 ',4c per pound;
lettuce, $1L23 per crate: cucumbers, $1
1.23 per box; rhubarb. lH2o per pound;
peas, 34c per pound; cauliflower, $1.25 per
crate; beans, 57c per pound; celery, $1.10
& 1.25 per doxen; corn, 50 60c per dozen.
POTATOES Old. $1. 5041. 5 per sack;
new. a 21,2C per pound.
ONIONS California red and yellow. $3
3.25 per sack.
GREEN FRUITS Apples, new, $1.75 2
per box: cherries, 4 10c per pound: canta
loupes, $2.73(?fc3.75 per crate; peaches, TocriJ
$1 per box: watermelons, 1 S 2c per pound;
figa. tlfe l.r-O per box: raspberries, 1"(1.2.", ;
plums, $1.13" 1.50: prunes. $1.251.50; lo.
ganberries. 50cg$l; blackcaps, $1.50 1.73;
currants, $11.23; pears,. $2.75 & 3.
j. Dairy and Country Produce.
EGGS Oregon ranch. Exchange price.
current receipts, 23V?c per dozen. Jobbing
prices: Oregon ranch, candleda- 25c; .elects.
zoc per dozen..
POULTRY Hens, 14 13c; broilers. 17
ffXlbcper pound; turkeys, live, 20 22c.
ducks. 12ji15c; geese. 11c. '
. BUTTER Cubes, extras, no bid; prime
firsts. 24c. Jobbing prices: Prints, extras,
27(U29c: butterfat, No. 1, 26c; No. S, 24c,
f ortiana.
CHEESE Oregon triplets, Jobbing buying
price, jovic per pound, r. o, D. dock. Port
land; Young Americas, lfiVjc per pound.
VEAL Fancy. 32c12I.4e per pound.
PORK Fancy, 1010V4c per pound.
- : Staple Groceries.
Local Jobbing quotations:
SALMON Columbia River. 1-pound talis.
S3.rfu per dozen- ono-half flats, SI. 50: 1
pound flats, $2.50; Alaska pink. 1-pound
tans.
HONE1 Choice. $3.25 per case.
NUTS Walnuts, sack lots, ltfc: Brazil
nuts, 15SL8c; filberts. IG&lSc: almonds.
lOVic; ueanuts. BUc; cocoanuts, $1 per
dozen; pecans, loaoc; chestnuts, 10c.
BEANS Small white, 32c; large white.
iuc; Lima, so; Dayou, ey.-o; pink, sv&c;
rea Mexicans, foc.
COFFEE Roasted, in drums. 14 -933c.
SUGAR -Fruit and berry, $8.45; Honolulu,
$8.40; beet, $8.23; extra C, $S 05; powdered,
in barre'., $S.Oo; cubes, in barrels, $0.20.
SALT Granulated, $15.50 per ton; half
ground, 100s. $10.50 per ton; 60s, $11.30 per
ton; dairy. $14 per ton.
RICE Southern head, txiayc per
pound: broken. 4c; Japan style, 4!43c.
DR1E1J FRUIT Apples. Sc per pound;
apricots, 33(3)15c: peaches. 8c; - prunes,
Italian, 80c; raisins, loose Muscatels, 8c;
unbleached Sultana.. 044 10c; seeded, 0c;
dates, Persian, 10c per pound; fard, $1.03
per box; currants. Sfpl2c; figs. 50 s-ounce,
$2; 10 4-ounce, $2.25; 38 Ill-ounce, $2.40;
12 10-ounce, 85c; bulk, white. TdjSc; black,
tio per pound.
Provision..
HAMS Al! ' sizes, choice, l"c: standard,
30-t (S20Vic: skinned, 184flOc; picnics, 13c;
cotlage -rolls, 15c.
BACON Fancy. 27 20c; standard. 23
21c: choice, 17 22c.
DRY e'ALT Short, clean backs, 1344 W
15 Vic; exports, 13 16 44c; plAles, 12 m 13 Vio.
LARD Tierce basis, kettle rendered,
14 "4c; standard, tubs, 14 4sc; compound,
12 4-c.
BARREL GOODS Mess beef, $1S: plate
beef, $22. brisket pork, $22.50; tripe, $10.50
11.50.
Hops, Wool, Hides, Etc.
HOPS 1913 crop, 8 911c; 1016 contracts,
nominal.
HIDES Salted hides, 23 pounds and up,
17c; salted hides, 50 pounds and up, S3c;
salted kip. J5 pounds to 25 ' pound;, 17c;
salted calf, up to 15 pounds, 23oj green
hides, 50 pounds and up, 15c; green stags,
50 pounds and up, 11c; green kip. 15 pounds,
17c: dry flint hides. 20c; dry flint calf, up
to. 7 pounds. 31c; dry salt bides, 25c.
WOOL Eastern Oregon, fine, 23,9 20c :
coarse. 30(ij.2c; Valley, 30:S3e.
CA.SCARA BARK Old and new 4C per
pound.
PELTS Dry long-wooled pelt. 23c: dry
short-wooled pelts, 17c: dry shea: lings, lu-S
2.1c- each; salted shearlings, 33925c each;
dry goat, long hair, 18u each; dry goat
shearlings, 10(B'20c.
Oils.
KEROSENE Water white, drums, barrel,
or tank wagon, 10c; cases, 17 4i204jc.
GASOLINE Bulk. 1044c: cases. 2844e:
UAavunir. J3U1K, ju,c; cases, 2S44C:
naptha. drums, lS4tc; cases, 2544c.
LINSK.S.D on Raw, barrels, sic; raw,
cases. Sue; boiled, barrels, S3c; boiled.
TURPKNTINE In tans
68c; 10-cae lots, lc less.
Metal Markets.
NEW. YORK, July 11 Copper, dull. Elec.
trolylic, 25 4 20c.
Iron, steady and unchanged.
The Metal Exchange quotes tin steady.
Spot offered at 30c.
The Metal Exchange quote, lead 6.50c
asked.
Spelter, dull. Spot, East St. Louis delivery
9 44 c asked.
Duluth Unseed Market.
DULUTH. July 31. Linseed on track
$1.0's 81.00i to arrive, $1.884i; July i 119
J 1.9044 ; September. $1.0944 asked; October
$1.90 asked: November, $l.oa asked; De
cember, $1.08.
Cotton Market.
NEW YORK, July 1 11 Cotton Spot,
quiet. Middling uplands, 13.30c Sale.. 2117
balee-' . .
WAR STOCKS SUFFER
Additional Reversals Come
From Heavy Selling.
ENTIRE LIST IS AFFECTED
Mexican Shares Also Disturbed by
Humors JFrom Southern Border.
Kails and Other Investment Is
sues Moderately Depressed.
x'ttw vnpk" Juiv 11. Further enforced
liquidation of "war brides" and other spe-1
claities or kindred description was wuueB.eu
today, the selling movement being more act
ive and comprising an unusual number of
Issues. Only a few special stocks were spared
in the sense that their losses were compara
tively nominal.
United States Industrial Alcohol, yester
day', sensationally weak feature, repeated It.
low price of 107 but rallied to 114, and
closed at HIT, a net gain of 2 44. American
Coal products added 1144 points to its set
back of the previous day. regaining about 4-4
point, and General Chemical yielded 6 points
on very few transactions.
Incidentally, the break in these particular
issues, whose by-products enter into the
manufacture of explosives, was in part 11
scrlbed to the arrival of the German sub
marine, laden with dyestuffs and chemicals.
More likely, however, their depreciation re
sulted mainly from a weakened technical
market position.
There was constant selling of the shipping
Issues with declines cf 3 to 344 points In
United Fruit and Atlantic, Gulf & West In
dies, while Mercantile Marine preferred
helped to add to the depression of the final
hour, with an extreme decline of 7 points.
Studebaker featured the motors, falling
744 points, with 5 for Maxwell and over 3
points for Chandler.
Mexicans were at first disposed to Improve,
but reacted sharply on disturbing rumors
from the Southern border, Petroleum losing
4 points, with 2 for American Smelting and
Greene Cananea, Coppers and metals were
again subject to short selling, based in some
measure on the feverish state of the foreign
markets.
Rails and Investment stocks in general
were more moderately depraesed, losing a
point or thereabouts, with a. much for
United States Steel. Bethlehem Steel's max
imum loss of 744 points followed report, of
damage by fire to one of the company',
plants.
Total .ale. of stocks amounted to 658,000
shares.
Yesterday, flurry In call loans' were not
repeated, the maximum being 5 per cent
with a free supply at 4 44 In the afternoon.
Bonds were heavy, with extensive offer
ings of Anglo-FYench 5s at H per cent under
yesterday. Total .ales of bonds, par value,
$1,060,000. United States bend, were un
changed on call.
CT.OSING STOCK QUOTATIONS.
Closing
Sale.. High. Low. blrl.
Am Beet Sugar. 18.00O 04 00'4 01 u
American Can.. 1,100 33 5134 5"44
Am Car & Fdy. 3.200 53 r,'"j4 r,.-ii2
American Loco. 5,300 P4'4 s
Am Sm & Refg. 7.1U0 03 01 H 02 '
Am Sug Refg J. IOO14
Am Tel & Tel.. 40O 12B't 320 1'OU
Am Z L & S . . . 13,1100 si Si 2044 "044
jinaconaa cop.. I9.S10 SO 54 78 70
tchlson 2.1x10 10.M4 304 44 1045.
aldwin Ioco.. 0.000 77 S 70 70
alt & Ohio 1,700 " S!(i.'. 887j fcj,
Ha
Ba
r nap xrans.. 200 851.4 S514 83"i
a rn to copper.. 10,200- 62'4 60 44 1 i
Calif Petrol SnO 10i lS'S Hi
Canadian Pacif. 7H0 1704 I7S14 17S44
Central Leath.. 1.80O 531; f. :"L
Che. & Ohio i-00 81 u 1 nTii
Chi Mil & St P. Vi0 0711i !7 08 44
Chi & N w r!.in ir:o i"o i o
f. R I p Ry.. i:;.8nf iM 44 20'4 uni
Chino Copper... 2, Sim 47 4mi 4H4i
Colo Fu & Iron. 4.FOO 44'4 4 '-: 4"i
Corn Prod Refg. 300 14S 34 44 34
Crucible Steel.. 22,4oO 7244 70 70 'i
Distillers' Secur. 4.100 42'i 41 'i 41
Erie 4.000 sou 3544 r.ad
General Eleet... :io Ifli; in; in."
Ot North pfd... 400 iinq nn jin '
Ot Nor Ore ctf.. 700 30 4 3 5 44 3."'i
Illinois Central miu
Int Cons Corp jv
Inspiration Cop. 14.0T.0 51 5034 snu
Int Hrv,-N. J.. 300 1131. 113 113ii
Int M M pfd ctf. 48.700 S7 Kn S0?4
K.C Southern 1,001) .2.- 24!!4 -,
Kennecott Cop.. 21,400 46 454 45 44
Louis Nn eh ..... J33
Mexican Petrol. 42. .im 302 ni" sis
Miami Copper.. 000 S3 si 33 44 33 "4
M K & T Pfd ..... iltj
Missouri Pacif.. 1.400 7 fl.- (51
Mon tana' Power . 1,700 80 8O14 8SH
National Lead.. 500 63 H B.TJ4 83 U,
Nevada Copper. 1.100 1 8 ',4 18 in
V Y Central.... 2.010 '104. 111344 10314
N Y N H & H.. 2. 300 til iii 80
Nor & Western. 3.00O 1::1 I301J. 130';
Northern Pacif. Ooo 31244 IVJ. llS
Paclfio Mail ... 200 20 10 101;
Pae Tel & Tel.. sr, "
Pennsylvania .. 000 r,7i4 5T'4 581
Ray Con. Cop.. 4,loo 21 i 21 74 "1 H
Reading- 20.000 O.'i lis 14 flitu
Rep Jr Stoel.. 1,300 4414 4314 43;
Phat Ariz Cop 244
Southern Pacif. -1,7nrt 07H 07"4 fi"4
Southern Ry.... 2.200 24 23 44 25 44
Ptudebaker Co.. 30.000 332H 12."1 17 '
Tennessee Cop.. 2.70O 31 t'4 ?.l
Texas o non ISO; 17
Union Pacific... T.600 33S4 33744 337U
do pfd 2 44
T S Ind Alcohol. 32.80rt 114 30714 lllii
U S Steel ... 56,400 85H 84 44 8414
do pfd 400 117; 117--4 317!'4
Tnh Copper.... 2.000 7.VT4 7544 7344
Wabash pfd B . . 1,800 274 27 44 i"
Western Union. 700 03 i 03 02
Westing Elect.. R.SOO 58 r,,-'4 554
iuiai aaivo xur ills uay, ooa.uou snares.
BONDS.
IT S ref 2s reg. . "OS 4i 'Northern Pae ,1s. nnu,
T S ref 2s coup. V8 44 Vic T T 5s...10fti
IT S 3s reg "100 Penn ron 4 44 s . . 14
IT S 3s coupon, "loo South Pac ret 4. h'.
U P 4s reg 109i.4j do cv 5s 111.34
1' S 4s coupon. HO lUnlon Pac .4s... or, 4
Am Smelter 6S..10744. do rv 4s...... u:t
Atchison cen 4s. 03 IT S Pteel 5". . . . 1 04 T?
NYC deb 6s. ..3 1 2 44 ! Anglo-Frenoh 5s. 0344
Northern Pac 43 914;
Bid.
Minins: Storkft at Boston.
BOSTON. July 11. C1o?lne quotation?
Allouez 51 tMohawu
8 44
Am V,. L & Sm. 2!s4 Nlplssinr Mines.
Arizona Com .. R4vNorth Butte....
nijj
21
so 44
8t
8
13
3-4
68 54
r,
124
444
50
riutte c friup.... tl idseenla
Calumet & Ariz, lltt
Ouincv
Cal - Hecla. . . .5?o
Cop Range Con. 55
Bast Wutte Cop. 11 M
Shannon
Superior
Sun Sr Bos Uin.
Franklin ..
Granby Con
644' U S Sm. It Si M.
KO do pM
Oreane Can .... 44 U tah I'on
Isle Roy (Cop). 25 Winona ..
Kerr I.ako 4 ti Wolverine
L.au copper...-, ln'bl
Money. Exchange. Etc.
XEW YORK.. July 11. Mercantile paper,
4- -per cent.
Sterling. RO-day hills. $4.72; demand.
. .: rallies. .ii -in.
Bar silver, lc.
Mexican dollars. 40Tfce.
. Ctovernment bonds, steady; railroad bonds,
heavy. - . '
Time loans strong: 60 and OO tfays,
per cent; tx months, 4T4'. per cent."
Call money strong. High, 5 per cent; low.
4'i per cent: ruling rate, fl per cent: last
loan. 45 per cent: closing bid, 4 !,i per cent;
offered at 4ls per cent. ,
SA.NT "FRANCISCO, .luly 1 1 Sterling, 00
oays. Ji.li; aemana, 4.7,14 ; cables,
$4.76?4.
Mexican dollars, 49o,
Drafts, sight lc, telegraph 2'4c
l,u.mju, juiy 11. war silver, 29i-irt per
ounce. Money. 4Ti4 per cent. Discount
rates, short bills 51i per cent, three months
5 ig 5 per cent.
Stocks Weak at I-onrlnn.
T.OXDOX, July 11.. Business was meager
in American securities, which closed easy.
BAX FRANCISCO PRODl'CE MARKET
Prices Current on Butter, Y.gzn, Prnlts,
Vegetable., Ktc. at Bay City.
SAX FRANCISCO. July. 11. Butter
Fresh extras. 27c; prime firsts, 25c: fresh
firsts, 24".
Eggs Fresh extras. 28c: pullet.. 24V4o.
Cheese New, 14 He; Young Americas, 17c.
Vegetables Asparagus. $11.25; string
beans. 4.;5c: limas, S'irOc; wax, 3 4c;
Summer equaah. 75c$l; cucumbers, 4U
50c: tomatoes. 23iJrH5c; egg plant. 4'irGc.
Fruit -Plums. 75Cfx$l: loKanberries, $2
g:l; peaehes, 05u85c; blackberries. $30
3.50; oranges, $3.25ii3.50; lemons. $44?4.75;
grapefruit. $22.25; bananas, Hawaiian, 75c if
$1.50; pineapples. Hawaiian, 50ctfj$1.3o.
Potatoes New. $1.502.
Receipts- Flour, tiono quarter sacks; bar
ley, 2000 centals; beans. 4034 sacks; potatoce,
2570 sacks; hay, 140 tons.
Coffee Tnrures Close Lower.
NRW YORK. July 31. The market for
coffee futures lost several points of its re.
cont gains during today's trading, as a re-
suit of scattered realizing, while there may
also have been some selling for a reaotion.
The opening wa. at a decline of 3 to 5
points and prices sold about 6 to 13 point,
net lower during the early trading, with De
cember selling at $8.40. Slight rallies fol
lowed on covering and reports of continued
firmness In the cost and freight altuatlon.
but demand wa. by no mean, active and
price, eased again in the late trading, with
the close showing a net lose of 9 to 14 points.
les, 30.730 bags. July. $8.14: August.
$8.21; September. $8.29; October, $8.34; No
vember. $8.38; December, $3.42; January,
$8.47; February, $8.52: March, $3.56; April,
$8.61; May. $8.06; June. $8.71.
Knot, quiet; Rio Ts. 4c: Santo. 4.. 3044e.
The cost and freight market was reported
firm, with some scattering offer, from San
tos showing advances, quotations for 4.
ranging from about $10.fi0 to $11 on the
basis or London credits. Private cable, .a
arrangements have been granted to increase
Santos receipt. - to C0,000 bag. a day after
August 1.
The official cable, reported no change In
.pot price, at either Rio or Santo., but RIa
exchange wa. 1-164 higher and Santo, fu-
Chicago Dairy Produce.
CHICAGO. July 11. Butter unchanged.
Eggs higher. Receipts. 18.421 cases: firsts.
22 44 C5 22 44 c ; ordinary firsts. 21214ic; at
mark, case, included, 18$2244c
New York Sugar Market.
NEW TOSK. July 11. Raw sugar steady.
Centrifugal, $6.40; molasses, $5.03; refined
steady; fine granulated, - $7.35.
Dried Fruit at New York.
NEW YORK, July 11. Evaporated apple.,
dull. Prune., firm. Peaehes. more active.
TOP PRICE MAINTAINED
Boa - MARKET ' STROIVG AT RH
CEXT ADVANCE.
Demnnd la Good and Day's Supply la
Small Other Lines Are
Inchaiieed.
The advance In the hog market, .cored
at the opening, of the week, was main
tained yesterday without dlfflcyity, hog.
again selling' up to $8. SO. In other line,
thera were no change, from 'tho former
level.
Receipts were 122 cattle, 4 calve, and- 208
hogs, shipper.' were:
With cattle John Bank., Deuglaa, ena
car; A.- B. Grubbe, pouglas. one car.
With hogs iBurdlck & Kavanaugh, Linn,
one car.
With mixtd load W. F. Gibbons, Clack
amas, one car of cattle, calves and hogs.
iue day. sales-were as follow.
Wt.Price.
.Wt.Prlee.
1 steer .... oso $5.50 1 bull .... .)6!M as.no
3 steers ...103 6.75 1 bull 1020 4.00
4 steer. ti40 3.00,lstag 6S0 8.00
1 cow ....10IXJ 3.75 1 .tag .....J720 B.50
1 cow lOilO fi.oo 3caive. ... !." 7.C0
1 eew . 670 8.00,12 .teer. ... M B.i
1 cow .... SOO 5.00 18 t.eer. ...1240 7.35
2 cows ... ! 4.0(1 4 steer. ...1153 6 00
1 bull ..,..1090 4.uol2Bteera ...11SO T.35
-2bu!l ....1400. 4.5(H 4 steer. ...1079. 7.00
C5 hogs .... 381 7.50 1 steer ...,1400 6.93
1 hog ..... 280 7.80 11 steer. ...1200 T.3.1
7 hogs 121 7.25 3 steers ...1057 6.')
1 hog 3S0 7.(10 Scows .... S32 4.25
13 hogs .... 120 7.2.1 2 cow. ....1020 5 50
24 hogs .... 1.5 R.RO 1 cow 780 2.00
S7 hogs .... 371 8.SO 1 cow ..1020-3 00
7 hog. .... 330 7.25 6 cow.' .....940 4.25
2 hog. .... 2R0 7.f -23 hegs ... . 238 8.80
1 hog 270 7.80H..1 hogs . . . 108 ' g.XO
1 hog 230 8.fcl)l20 hog. 98 B.78
1 hog SOO 7. 80! 1 hog BIO 7.80
6 hogs 205 7.K0H2 hega - . . ., 154 7 4i
1 hog 380 8.80 4 hog. -....ins 8.80
90 lambs ... 54 5.50 20 hogs , 21 SSO
10 lamh. ... 70 8.2.V 8 hon ...,aJ2 8 KO
2 lamb. ... 80 8.2519 hog. .... 200 8 80
1 lamh ..." 70 fi.oot 1 hog 240 7 ul
10 yearlings 82 5.5 1 hog 130 7 25
21 yearlings. 03 8.50 1 hog 230 7' 50
9 ernes .... 143 4.Ml T hog. .... 205 SSO
1 wether .. 170 5.00J 4 hog. .... 85 T.25
Cattle
Steers, choice
Hteers, good . .
Cows, choice
Cows, good
Heifer.
Bulls
StSKS
Hogs
Prime light .,
Good to prime
Rough heavy .
Pigs and skip.
Sheep
Yearlings ....
Wethers ......
Ewes
Lamb.
. .'. $7.50 r 8.3.1
. .. .7gT T.23
8.25 8.50
... 5.50 -a 8.23
. . J- 4. 006.50
. .. 3.009 5.00
... 4.50 O.OO
. .." i.20?f 8.80
... T.7.18.1
... 7.(l0frT.TJ
... 8. C0 7. 10
... 8,008.50
... tS.nneA.so
..'.- 4 75 5.25
. . . 0.
1.00 S.2S
Omaba Livestock Market. '
OMAHA. July 11. Hogs Receipts. "!,
BOO. steady. Heavy. $0. 65ft 9.05 : light, M 65
9.75; pigs, JS.25&9.20; bulk of sale., $9.60
0.70.
Cattle Receipts. 4500 steady. Native
steers. $7.23(.10.40; cow. and heifers $6.25
&S.25; Western steers. $7"8.75; Texas
steers, $7S; atockers and feeder., $6.50
8. SO.
fcheep Receipts. T400, .teedy. Yearlings.
6.75'nR.25
withers. $4.60& 7.G0; lambs.
$0.65 4f 10.7
(hicago Uvestoek Market.
CHICAGO. July 11. Hogs Receipts, 21.
000, slow, 5c to 10c under yesterday's aver
age. Bulk. $.7510; light. !.50filO;
mixed, 9.50!ilO.lu: heavy. $9,404 10.15;
rough. $0.4000.55; pigs, $S.109.00. .
Cattle Receipts. 3000. weak. Native beef
cattle, $7.2011.2t; Western steers. $8.1.5if
9.30; storkers and feeders, (5. Till U 8.50; cow.
and heifers, $5.65&0.C.'1-: calves. $8.5012.
Sheep Receipts, le.OOrt. firm. Wctbec.
$C.S(Ku 6.3t); lambs. $7.50tpll.1tt.
OJJ1NAIXT PACK YillA. BE KOBMAI,
Canned Salmon Output Beaches Total of
16,000 Cases.
ABERDEEN. Wash., July 3 1. (Special.
The estimated pack of Qninault salmon
during the season now drawing to a close
is. 10,000 cases of half-pound cans. This i.
about a normal pack, although last season
40.00O cases were packed, due to tho largest
run of salmon ever experienced on tho
Qulnault lllver.
The price paid for salmon this year wa.
more than double that paid la.t season.
Thl. -was due to a salmon-buying war waged
between the two local companies and the
Everett packing Company. A number of
the Qulnault Indian, earned over $50uo
apiece for their seusnn'a work. The clam
pack of the past season was less than 50
per cent normal, duo to tho shifting of the
beaches as a result of tho Jetty improve
ment. Hay Harvest Start, on Coast.
MARSHFTKLD. Or., July 11. Haying
season, which come, later on the Coast
than elsewhere In Oregon, I. in full swing
and the crop is abundant. The ranchers on
Coo. River have been busy with their mow
ing machines for - the past week, and the
Coquille Valley farmer, are also harvesting
their hay. Many Coo. County atorokraiser.
depend upon corn ensilage rather than hay
and that crop will be gathered later In the
year.
Roseburg Shipping; 6heep.
TtOSEBURO. Or., July 11. (Special.)
More than 1000 sheep 'were brought hera
Sunday by George Kohlh.gen, preparatory
to being ahlpped to the San Francisco mar
kets. As many more sheep were shipped to
California Saturday by Pelton Selecmann,
local livestock buyers.
Puget Sound (-rain Market.
SEATTLE. July 11. Wheat Bluestem,
08c; turkey red, 08c; fortifold, 81c; club,
00c; fife, 90c; rud Russian, 69c.
Harley, $28 per ton.
Yesterday's car receipts: Wheat- 14, oats
5, corn 2, hay 13, flour 17,
TACOMA. Wash.. July 11. Wheat Blue
stem, Uic; fortyfold 90c; club, S7c; red fife
87c.
Car receipts: Wheat 12, eats 1.
Hops. Etc., at IVeir York.
NEW YORK. July 11. Hops quiet. Hid.,
firm. Wool steady.
UMATILLA CROP PROMISING
Grain Harvest Late, but Good Yield
Is rredictod.
PENDLETON, Or.. July 11. (Spe
cial.) With harvest in Umatilla County
a week or tvo late, predictions are that
a much larger crop will be harvested
than was expected a short time ago.
The cold Sprinsr was a great hin
drance to the growing grain, but recent
rains followed by warni days have
brought out the crops wonderfully, es
pecially In the lighter grain sections.
Wheat and barliy are ripening rapidly.
Usually cutting begins in most of the
wheat sections -shortly after July 10,
but it is reported there will be little
wheat cut this year before August 1.
The farmers are in the midst of hay
harvest.
III ? " l I
1 4 1 m ii 5 as f .LL'l 1
1 r-i ' ,i fTnT-j. . " I L. f , ' ' " iff i jr..'; 1 i
Hotel
Vancouver S.C.
Building the Canadian Nation.,
Thirty years ago Vancouver was a mere forest clearing. The
Canadian Pacific Railway, by making it the terminal port on the
Pacific Coast, has created a city of which Canada is justly proud.
ITS harbor (open all the year 'round) has
room for the navies of the world and
in normal times welcomes over twenty
thousand merchant vessels yearly.
The Canadian Pacific's own service of
steamers to the Orient, to Alaska, and to
Seattle has necessitated construction of a
fine new station and extensive docks,
while a magnificent newhotel costing some
$4,000,000,can accommodate I.OOQguests.
Chiefcentreandclearinghousein British
Columbia for the fishing and lumbering
and mining industries, Vancouver has
Toe Portland
J.
S'fhn Tirmv)U3ofJZin&ri
PROFITS ARE TAKEN
Wheat-Selling to Realize Stays
Advance at Chicago.
NEARLY FULL CENT LOST
Market Turns Down-Gride In Spite
of Broartenlujc Out, of Black Rust
Complaints Plague) Ap
pears In ' Minnesota.
CHICACIO. July 11. Heavy sailing to real
ise profits turned the wheat market down
grade today after an advance that was due
to a decided broadening out ef black rust
conditions. The close wa. unsettled, titto
net lower, with July st J1.07H and Sep
tember at $1.11914 l.OO'j. Corn finished lie
off to a shade up, and oata gained USKc
to HOlko. In provisions, the outcome wa.
Z5c to 40c decline.
Blaek rust complaints came today pot only
from North Dakota, but from Houth Dakota
and from Minnesota a. wall. In Bouth Da
kota the plague was .aid by a well-known
authority to - have been found In a section
whers the wheat was still in bloom. In
this connection, gossip wss current that
heretofore black rust had never started on a
crop so early but what the result w-as dis
astrous. However, the ensuing advance In
prices made the temptation to secure profits
seem; too alluring to., be Ignored. It was
pointed out that the market had .oored a
total recent advance of about 10c and that
at least a temporary reaction wa. to be
looked for.
Corn .wayed with wheat. Dry weather In
the Southwest, though, prevented any mate
rial fall in values.
Oat. held flrm.on aecount of bad crop
reports from Eastern Illinois and from parts
or Iowa. Beside, there were large .ale. to
the seaboard.
Lower quotation, on hog. weakened pro
visions. Buying support wa. poor.
Leading future, ranged as follows:
WHEAT.
4J?-
r 1 . .Je-ssL- .JL
Open. . High. Lew. Close.
July ?1 os'i $i.oi $1.0744 $1.0714
Sept 1.09T4 1.11 1.09V4 1.09-74
CORN. '
July 7ti .78'4 .77"! .7
Sept. 744 .75 -.74V4 .7414
OATS-
Julv .405 .41 '4 .4'4 ".40
Sept. 3I)T ,40V ' .39!i .40
MESS PORK.
Julv 25.20 25.50 25.20 25.20
Sept. 24.62 24.73 24.47 24.47
. LARD.
julv is 07 33.10 13.0.- in.n.i
Sept. 13.23 13.25 13.15 " 13.17
SHORT RIBS.
July 13 37 13.42 13 33 13 32
FEE
provided by law for adminis
tration of estates are the same
whether handled by an indi
vidual or by a competent
and experienced Trust Cora
pany. Our state deposit
saves the estate expense of
special bond.
"' We Invito Inquiry
Lu mb ermens
Trust Co.
Capital and Surplus $600,000.
Lumbermen Bids;., Fifth
and Stark.
200,000 h.p. electric power available with
excellent openings for manufacturers.
The opening of the Panama Canal has
made Vancouver the Western Gateway
for the export of Canada's immense and
ever-growing grain harvests.
-With a delightful climate and progres
sive population, Vancouver has an assured
residential future.
The banker or investor visiting Canada to study
conditions by personal investigation ahould not
omit Vancouver, the commercial metropolis, or
Victoria, the political capital of British Columbia,
a Province immensely rich in natural resources.
Office of CANADIAN FACIFIC RAILWAY is at 5S
V. Marnhy, General Agent, Passenger Department
ftcljic Railway jfocetnr C. wtft 'mpreu
'w- fTnXSSyi . '
The Canadian Bank of Commerce
HEAD OFFICE. TORONTO, CANADA v
Established 1867.
A geseral kssklag baalaama
(raa.aeteeU
Interest paid mm time deposits.
PORTLAND BRANCH. CORNER SECOND AND STARK STREETS
Jf. C. MALPAS, Manager.
Sept 1S.42 13.B2 13.37 33.40
Cash price, were:
Wheat No. 2 red. nominal ;" No. 3 red.
$1.07; No, 'J hard. $1.10 1.10 V, ; No. 3 hard,
$i.n7i ei.08.
corn No. 2 yellow. mflr; no. yel
low. 77 IS lie; No. 4 while. 777Sc.
Oata No. 3 white, etti S 41 c : standard,
42e42c.
Rye No. 2, 95c.
Harley 63i6c.
Timothy $S.55.
Clover $7 If 14.
Primary receipt. Wheat. 601. ooo vs. 340,
000 bushels: corn, 705, v., 770,000 bush
els; oats. 530.000 vs. 2K7.0O0 bufchels.
Shipments Wheat, 305. 000 vs. V3L0OQ
bushels; corn. 404,000 vs. 3S3.0O0 bushels;
oats. 474.00O vs. 224.O00 bushels.
Clearances Wheat 'JUS. 000 bushels; corn,
60.000 bushels; oats. 747,000 bushels: flour,
Stj.OOO karrela.
Foreign Grain Markets.
LIVERPOOL. July 11. Cash wheat. Id
to 3d higher. Corn, unchanged.
, Minneapolis Grain Market,
MINNEAPOLIS. July 11. Wheat closed.
July. $L13V4: Supteneber, $1.13. Cash,. No.
1 hard. $1.19V: No. 1 Northern. $1.1334 tf
1.11114-. No. 2 Northern. $1.10 W a 1.13 Ti.
Barley. BBi)73c.
Flax. $1,904)1.99.
Eastern Cash Grain 'Markets.
CHICAGO. July 11. C.sh wheat, steady.
Corn, steady. Oats, 1e higher.
Grain at San Francisco.
SAN FRANCISCO. July II. Spot 'quota,
tions: Walla, $1.03i9 1.G7 H ; red Russian,
$l.2HQl.n3; Turkey red, $1.77A U 1.S0;
bluestem, 1.M91.S'.",4.
Harley, feed. $1.37 '.1; brewing. $1.3714
1.42 V4.
Oats White. $1.4S1 Srl.r.0.
Mlllfeed: Bran. $27S27.3u; middlings, $32
0 33; shorts. $o0Ti81.
Callboard: Harley.. December, $1.424 hid,
$143 eskert: Mnv. S1.4J1A hirt : $151 asked.
TRAVELERS' O.CI1IK.
B The Popular Scenic Route
B By Water to California
H Touchinjr a few hours without
extra charge in each place
North Bend . .$ 7.50 and $ 5.00
Marshfield .... 7.50 and 5.00
Eureka 15.00 and 10.00
San Francisco 15.00 and 7-00
North Pacific Steamship Co.'s
Steamship
KIL.BURN
Sails Thursday, July 13.
6 P.M.
Ticket Office, 122-A Third St.
Phones: Main 1714. A 1314.
AUSTRALIA
NEW ZEALAND ASiD SOUTU SEAS.
Via Tshltl and Ramtonga. Sailings from
San Francisro July 10. August 10. Sept. 13
and every 2S days. Send for pamphlets.
lION S. 8. CO, OF KW ZCALAMIt.
130 California M Kan Vraneia. sr ioval
st. b. and Ik IL. Agendea.
Third St.
cf Russia' (eavirt for Jepan
s u r
n ,1
Commercial Liters ( Credit
Isavvrn.
Gxcsan ere on London. R.gla.d,
Jionglit and sold.
7RAVEI.FIW CriOE.
SAVE MONEY
Portland $20.00
CLASS
and
San Francisco $17.59 J
FHKIS
KViKAS
Ton rli.t. $13.00 and $12.30: 3d Class. $.
bpevial Ilound Trip tare. S33.00.
MEALS AND PERTH INCLUDED.
Steamer Express Leaves 0:30 A. M. '
IlKSDAY. THURSDAY, SATURDAY.
in baa Irmuuisco, 10:30 A. M.
TICKKT. OFFICE. BTH AND STAKK.
Phones Broadway 820, A 667L
348 Wash. St.. Great Northern Ry.
Third and Morrison " Sis.. Nor. Pac Ry.
Largest
sifaipe
Cneqnaled
feejvlce
ALASKA EXCURSION
Yin
H. 8. City of Seattle. .Tilly , 20.
B. S. t ity of rieaitie. July ao. Aug;. 1.
CALIFORNIA
Via Sent tie or San Francisco tr Lpi
.Angalea and Han Diego. Low rats In
cluding berth and meals. For tuU 'par
(lculan apply or telephone ti'-kcu ofiica
4ft WASHINGTON NTKKKT.
Pacific, Mai a XXU; horae, A U29S. '
aCOMPASNIE ErlEBALE TRArlSATLAjrriQUE
kxnraaa Poatal Wtk
NEW YORK BORDEAUX PAK13
S. S. HFrTT.t July tS, S T M.
. S. Hit ALU JM.Y !. .1 V. M.
KOCIIA-MliLAL; AlU. o, S I M.
C. W. STING Elt. Vo sixth St.
A. L). CHARLTON', 2i." Morrison St.
E. K. GAKKISOV, C. M. Ac ft. I'.ul Ry.
UOHSKV R. SMITH. 116 Third St.
E. F. HA1HD. Ic'O Third St. .
11. DICKiiuN, 34S Wuhlnmon St. '
NORTH HANK It OA D, Fifth and Starlc Sta.
V. S. M'FAKLAND 3d aud Washington Sta
K. B. ULFFV, 124 Third St.. I'urtland.
American-Hawaiian Steam$liip Co.
All sailings between
U. S. Atlantic and
U. S, Pacific porta
are cancelled until
further notice.
. as. gu nij, a a v cm it., ronianu.
0N0LDLU
Tte War to Go!.!ndid. Twin-&-
TfW
OCEANIC 5. S. CO. "Jiaw-'rowaA-vErmiM-
TtliM M a r . . 1 e I CCL na, m . Il u
iUm tn Synv, Australia k Hailtnffs every 21 dsn.
VltMW.faaT.SOLMuJ lt .
Jly.SS, Aug.lt, tei.5