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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Feb. 25, 1900)
THE SUNDAY GREGORIAN, PORTLAND, FEBRUARY 25, 1900. A BIG FLOUR CARGO Steamship St Irene' Clears With Nearly 45,000 Barrels. MAW STEAMERS-IN THE RIVER Bim BraBek Dae From tne Sound To day St. Irene at Fault In the Te Btaee Collision Freight Situation. Soma ml wbo OBfCOOS age. The Merchants' Exchange has no knowledge of any -wreck In the vicinity. Te Oriental Mner St. Irene, which came anMMtt from Taeoma to Portland to secure a o80 wMeh sbe was usable to get on the cleared yesterday for Hong Kong ports, with ae of those big flour which have made Portland fa The Me Hner has aboard about JH,M feet of htber, 3846 bushels of wheat aA about im toes of miscellaneous frotgfet, but she still had room for 44,735 bat-fete of flour, valued at $113,368 SO. For tfce ftrst time in many months the Japan ports received the lion's share of the flour shipments, Yokohama being down on tho manifest for 18,54 barrels, valued at $34,- m 01; Kobe, 88M barrels, valued at $21,693; Naeaeakl, 496 barrels, valued at $1020. For Shanghai there was 11,160 barrels, valued at $K,M, and for Hong Kong. 11,24114 bar role, valued at $27,712. A shipment of S340 buohehi of wheat, valued at $1900, was .narked for Kobe. This port was also scheduled for 2 bales of cotton and about WMM pounds of paper. The lumbar shipment was for Hong Kong, and consisted of 96,000 feet of rough Hnaher, and 2SK bundles of staves. There wa also a few packages of miscellaneous Merchandise for Hong Kong. For Manila there was a shipment of 384 barrels, con taining nearly 4Q.W9 bottles of beer. Other ports on the manifest for smaller amounts of freight, were Vladivostock and Tlen Ushv The total value of the St Irene's eacgo was $14,157 . and the weight was ver fWI tons. The steamer will leavo own this morning. STBAMSIIIP MOYBMKNTS. JThe mm Branch Due Today Doyu Mara Has Left Up. The Japanese steamship Doyu Maw left up from Astoria yesterday afternoon, and wot reach Portland today. She will dock at Columbia No. 1, and will commence londhie her outward cargo tomorrow morn ing. The vessel has been detained so long at Honolulu and Astoria that she will hardly clear in time to figure In the Feb ruary shipments, but she will get away very early in March. The bulk of her cargo will consist of wheat, but she will also take considerable flour and some lum ber. The Lennox which left up Friday evening, arrived up yesterday morning, and will load back for Manila in the government service. The Ness, for Vladi vostock, Is on her way down the river, and will probably meet the Elm Branch at Astoria today. The latter vessel left Port Townsend at 2:39 P. M. yesterday. Her arrival will bring the fleet of trans pacific steamers in. the river up to a total of Ave vessels, with a combined carrying eanactty of M.009 tons. It is apparent from One that Portland does "some" business besides handling the bulk of the North western wheat crop. ST. IltBNB AT FAULT. Oriental Liner Hud to Pay for Dam. agew to the Teniuco. The steamer St. Irene, which sails from Portland this morning, was in collision with the Chilean bark Temuco, at Port Townsend. when coming around from the Sound. Pilot Gatter, who had charge of her, was "steering the usual course," as he always does just prior to collisions, and Md the blame for the trouble on the bark, claiming that she had no lights. As the failure to display lights whlla lytog at anchor fe a direct violation of the rules, the customs officers took the matter up and made a thorough investigation. Upon the affidavits of A C. Teedie and Charles Ounderson, as well as the watch man on the Temuco, the customs authori ties decided that the officers of the Te muco were not to blame for the accident. The claim of the Temuco was placed In the hands of Taylor, Young & Co., and an amicable settlement with the owners f the St. Irene was effected in this city yesterday. Mr. Frank Woolsey acting for Dovwetl & Co., who have the vessel char isreS. This manner of settling such cases is hard on marine lawyers, but would be more economical for ships In a gooo oases. Domestic and Foreign Ports. ASTORIA, Feb. 24. Arrived at 7 A M. and left up at S:20 Steamer State of Cal ifornia, from San Francisco. Arrived at 4 P. M. Peruvian bark Francisco Tozo, from Tambo de Mora, for Knappton. Left up at 2 P. 1L Japanese steamship Doyu Maru. Condition of the barat 5 P. M. Moderate; wind, northwest; weather, cloudy. Steam schooner outside. Port Townsend Arrived Feb. 23 British bark Inverclyde, from Hamburg. Seattle, Feb. 24. Arrived Steamer Hum boldt, from Skagway. Tacoma, Feb. 24. Arrived Barkentlne Newsboy, from San Pedro. Greenock Arrived Feb. 23 British ship Karoo, from Port Blakeley. Queenstown Arrived Feb. ship Carl, from Oregon NEW YORK STOCK MARKET TRADERS DISPOSED TCT3EM. OS THE GENERAL TRADE OUTLOOK. Demand for Money for Industrial En terprises Sail Hampering Specula tion The Bank Statement. NEW YORK, Feb. 24. The general speculative sentiment as reflected in the stock market was a good deal obscured today by the demoralization in Third Ave- i nue. Active trading in a stock witn a re 23 German suiting drop in the price of over 10 points Is bound to have considerate enect in a Yokohama To sail Feb. 21 Japanese narrow market, however peculiar and In- TONNAGE EN ROUTE AND IN PORT. Vessels Chartered or Available for Grain Cargoes From the Northwest. FOR PORTLAND. Jan. Dec. 20 Jan. 11 Feb. 12 Feb. 14 Name. Feb. II Aug. 4JMarechal Vllliers .Nov. 13 Arsrus Dec. 4Wflliam Law 29(Wendur IForthbank Lizzie Bell Berwickshire Fifeshlre Najade Penthesilea Linlithgowshire jDeccan uast African Isle of Arran Annie Thomas Thornliebank Jan. 16Samarltaa Grenada Poseidon Lydgate Asplce Beechbank Plnmore Alice Australia Genista Leicester Castle Nesala Rlversdale Conway JFranklstan Inverness-shire John Cooke Juteopolls Mabel Rlckmers Orealla RIckmer Rlckmers RIgel Semantha W. J. Plrrie Flag and rig. Master. From. Fr. bark Br. shlD Br. ship Br. ship ar. bark Br. bark Br. bark Br. bark Ger. shin Br. ship ar. snip ur. ship Br. bark Br. ship Br. shlD Br. ship Br. bark Br. bark Br. ship Br. bark Br. ship Br. bark Br. bark Ger. ship Br. bark Br. ship Br. ship Ger. ship Br. ship Br. ship Br. ship Br. hark Br. ship Br. bark Ger. ship Br. ship Ger. ship Ger. ship Br. ship Br. bark Rlonald Hunter Abbott NIcoll Paterson Whelan Blance Caddell Hasselman Manson Anderson Barrett Decent Davles Meredith McBride Dexter Putt Bush Jones Bremner Buchanan Maxwell Kuhlmann Jones Hearn Crowest Plander Griffiths Ward Atkinson Peattle Magee Curd Bandelin Tyers Baake Leopold Crowe Jenkins Tot als. 1836 1BSS! 1759 1763 19691 rroSNantea 1543 Antwerp 1651 Singapore 1896ICalcurta 1232Honolulu 1036Llverpool 901Honolulu 138l(Antwerp 1677jNagasakI 1663 London 1357Antwerp Hamburg Honolulu Sta. Rosalia Acapulco Sta. .Rosalia 19971 Shanghai 21061Honolulu 18901 2350 1890 2154 22S6 2062 2097 1718 2009 11670 2058 1776 1900 2147 1758 2652 1895 I 1914 1879! 2211 2516 Honolulu Shanghai Honolulu Sta. Rosalia Nagasaki Honolulu Shanghai Shanghai Klao Chou Hamburg snangnai Nagasaki Honolulu Shanghai Hlogo Hiogo Shanghai Hong Kong Nagasaki Shanghai Shanghai 3d Consignees. T., Y. & Co. A Berg. P. F. M. Co. M.. V7. & Co. B.! G.'&Co." B.. G. & Co. IB., G. &Co. M.., W. & co. 40 19 fT.,Y. &Co. E. Baker T., Y. & Co. Antwerp 4281 Shanghai 8074 Santa Rosalia .- 3913 Calcutta .1896 Liverpool 1036 Acapulco 1763 Honolulu 12,313 Nagasaki 5143 London 1663 Singapore 1651 Nantes 1705 Hamburg ....r 3894 Hong Kong ...: 1914 Hlogo 4547 Total tonnage en route, 69,649. Sime time In 1899, 28,952. Same time in 1898, 61,535. Same time in 1897, 13,588. GRAIN TONNAGE IN THE RIVER.. Name. Flag and rig. Master. Dec 21Margretha Jan. Jan. Jan. Jan. Feb. Feb. Feb. Feb. C. S. Bement Chile Belmont C'nty Merioneth Gulf Stream Donna Franclsca IKlnfauns i Beechdale Ger. ship Am, ship Ger. ship Br. bark Br. bark Br. bark Br. bark Br. bark IBr. bark Rasch Fernald Spllle Ladd Carse Kerbyson I Simon Crighton I Knox 2004 1899 2094 1415 1041 1378 2163! 9811 1271 From. Agents or Charterers. Berth. Antwerp Shanghai Yokohama Hong Kong Honolulu Honolulu Rio Janeiro Honolulu Honolulu M., W. & C. Eppinger Glrven & E Port. G. Co, Astoria Col. No. 2 Astoria Elevator K.. G. & Co I Victoria P. F. M. Co.Montg'my Glrven & E. Green' lch B., G. & Co 'Campbell' P. F.M. Co Astoria Total tonnage in the river, 14,246 tons. Same time In 1S99, 41,943 tons. Same time in 1S98. 26,434 tons. In 1897, 12,552. GRAIN TONNAGE EN ROUTE TO PTJGET SOUND. Name. Flag and rig. Master. Oct. Opt. Nov. Nov. Oct. Nov. QUIET BUT FmM. Ntt Kcw GralH Charters Reported, hut Rates Arc Still Very High. " No new charters have been reported In tints City for the past few days, and the freight market is quiet but ftrm. Now that San Francisco is drawing on the Hawaiian jshmfli for ballast tonnage to load grain, the supply for Portland will be materially troJnwed. but so long as the movement of wheat continues as slack as it now is, no effort will be made to secure ships at the rates demanded by owners, and paid by OaltCornla exporters. The strength in cram freights naturally affects lumber freights, and It is a difficult matter for some of the mills to secure enough ton mh to handle their business. Latest quo. tattoos for lumber ships from San Fran cisco brokers are as follows: Sydney, fits CdSte 9d; Melbourne or Ade kUe, Gfe dMte: Port Pirie, Sfc 3d67s fid; iPranantle. Ms MQWs: Geraldton, 70s 3m M; "West Coast, 57s 6d?0s; Pisagua Range and Callao Range, 6Ss SdfKls Sd; anot Ayres. R7s 6d?te Shanghai. 60& tteM: Klao Chou, 61s 3dr82s 6d; Japan, Ms NfSTc M; Port Arthur, SCs 3d67s 9d: nen-Tatn. 7s M8s M; Newchwang, On MfNs M; Vladivostock, SSaftfe 3d; fcouth Africa, 73s SdTCs; United Kingdom, Dec Jan. Jan. 29 Jan. 23 3IInverclyde 19Achnashie Elglnshlro Battle Abbey Mount Stuart May Flint Glenojrll (Rhuddlan Castle Brodick Castle Shandon Imberhorne Carnedd Llewellyn Brussels Chas. Cotesworth Wanderer King Arthur Cumberland Conway Castle uessomene Nile Cabul Br. shlD Br. bark Br. ship tsr. snip Br. ship Am. ship Br. ship Br. ship Br. ship Br. ship Br. ship Br. ship Br. bark Br. bark Br. bark Br. ship Br. ship Br. bark Br. ship Br. bark Br. ship May Paslfui Hannah McGhle Olsen Banfleld Stevenson Roberts Olson Beard Lever Harrlo Tupman Griffith Tonkin Robertson Quayle Evans Thomas Moesch Johnson 1516 2334 2038 1465 1158 32S8 From. Hamburg Liverpool Liverpool Antwerp London Hong Kong 2193London 1993Cardiff 1745Hong Kong 129 1U3 102 118 11021 1397 1997 1608 991 1031 2717 1562 1740 1591 1796 2079 Cardiff Liverpool Hamburg Liverpool Guatemala Shanghai Hong Kong Hlogo Honolulu Acapulco Hiogo 1397Rotterdam Consignees. 145B.. G. &Co. R. P. Rlthet R. P. Rlthet M., W. & Co. M., W. & Co, R. P. Rlthet R. P. .Rlthet M..W. & Co. 33' MVWV&Co. Total tonnage en route, 39,244. Same time 11899,24765. GRAIN TONNAGE ON PUGET SOUND. cure additional circulation. The addi tional profit afforded on circulation by the new provisions it is believed, will Invite bank-note expansion to the limit author ized unless the premium on the new bonds becomes excessive. The breaking of the Stock Exchange week by a holiday has had some influence in curtailing activity in the securities market. Professional speculators are al ways disinclined to enter lipon commit ments when a period of suspension of trading Is approaching, with possibilities of events occurring which will materially affect values. But this motive is by no means-sufficient to account for the per sistent dullness of the stock market In the face of the favorable business conditions which are reflected In all the news of the day. Increased business activity, expanding industries, a high level. of earnings for railroads and industrial corporations all make for" higher values of securities. Either the dividend returns are assured of an increase, as in the case of stocks, or the payment of a fixed return is given additional security, as in the case of mortgage bonds. But for other points of view, the activity and prosperity of gen eral trade operate against an advance in the price of the securities. The demand for money for mercantile uses or for inauguration of new enterprises encroach es on the surplus reserves of financial institutions and leaves no accumulations of idle funds, which are eagerly offered for employment in speculation In securi ties. Pursued to Its logical conclusion, active trade and industrial development tend to discourage even investment buying of se curities as well as purely speculative buy ing. Because of an active mercantile de mand for credits, by raising the interest rates, it may attract the transfer of funds from fixed investment in securities to use in the money market.' That was what happened to our securities in foreign mar lets last spring, when our demand upon foreign money markets for settlement of our favorable trade balance ran up tne prices of our high-grade securities to un precedented figures, and foreigners sent them home to market by the million, and perhaps by the hundreds of millions. Even this reducing treatment failed to wholly relieve the congestion of capital until the country's new enterprises began to em ploy increasing volumes of money and credits. Then the inflated securities came to market In New York in constantly in creasing volume until the panic on the Stock Exchange was precipitated in De cember. It will be remembered much was said in financial quarters during the latter part of last year, when New York bank de posits were diminishing, of the encroach ments upon the banking business made by the many new trust companies. But the annual statement of the New York State Superintendent of Banking has shown that the deposits of the New York trust com panies, instead of gaining at tne expense of the banks, were depleted some $71,000, 000 for the last six months in 1899. Dur ing the same period the deposits of the New York Clearing-House banks fell off $165,000,000. The deposit account of In terior banks showed that a large part of this total sum of $226,000,000 had gone Into use in the Interior. This transfer of de- i posits was without doubt largely due to obligations Incurred by New York syndi cates and bankers through promoters for taking up securities and properties of the constituent companies in the great indus trial combinations of last year. Since the first of this year as a result, probably for annual settlements, takings of account, etc, the deposits of the New York Clearing-House banks have recovered to the extent of $86,819,700. But new loans have been made In the same time to the extent of $71,765,700, and obviously not for use in the stock market. The flow of cash has also turned away from New York again and towards the In terior. The possibilities shown by last year's experience of the voracious ab sorption of capital by the Industrial and commercial expansion and development of the country is the underlying motive of the Inactivity of speculation. Here and there stocks show strength on buying, prompted by good assurance of an in crease in the dividend return, but aside from this demand the market Is dull and narrow. At other points tnere is weak ness and liquidation on threatened Integ rity of dividends on account of financial complications. The few stocks which show appreciable movement absorb all the at tention of the professional operators, who depend on dally trading for their profits. While money-lenders can get 4& per cent or better on mercantile paper or time loans, they are Indisposed to place call loans at 2 to 2 per cent. On the other hand, speculators are not disposed to avail themselves of a 2 per cent rate for call loans, with the possibility that di minishing surplus reserve will precipitate calling of loans and marking up of rates. Business in bonds has been on a some what diminishing scale in an Irregular market. AThe market for Government bonds has been unusually active J at ris ing ' prices, on ' account of " the pendency of the refunding measure. United States 2s advanced ; the 3s4: the 4s and the old 4s and 5s 1 per cent in the bid price. NOTABLE ART EXHIBIT DTJRER. PICTURES TO BE SEEN THE LIBRARY BUIEDIXG. A1 : , CULLiSON & CO. : Wheat Stock Broken Miss Osffood Malcea Suggestions As to How They May Be Studied to Advantajre. The following suggestions from Miss Os good, whose lectures on the art of North ern Europe, under the auspices of the Portland Art Association, are being looked forward to with so much enthusiasm, will no doubt be gratefully welcomed by all who are interested In this subject: - "Yesterday an exhibition of photographs after Durer was opened at the rooms of the Portland Art Association. As grouped on the walls and screens, they attord an opportunity for easy and delightful study of the works of one of the world's great est geniuses. It is hoped that this oppor tunity will be widely acted upon by the general public and that those who go once will not be contented with a single visit. "To those who are expecting to make a brief but systematic study of the art of Northern Europe, the following sug gestions are addressed: Make yourselves as familiar as possible with the Durer photographs before the first lecture, which will take place March 2. Lost time cannot be made up in this matter, as It is planned to have one collection succeed another In rapid succession as the lectures proceed. "In studying the Durer collection com mence with Durer's portraits of himself, that you may obtain a distinct idea of his fine personality as it developed from frank, unconscious boyhood to superbly balanced manhood. Then study one after another the entire group of portraits from Durer's hand noting the style of dress that so frequently leaves the chest bare, the strong, flexible skin, bordered on either side by heavy masses of fur that trim the coat, over which fall the long, wavy locks that softened the hard outlines of many a grim face of that period. "Note Durer's treatment of hands. Ex amine his studies of animals. Do not neglect his landscapes, first the separate studies and then their place in large com positions. "Those who Intend to make Durer's greatest works their own will learn them line by line as they would a poem, so that they become theirs forever, alike in darkness or in light This Is most easily accomplished by providing one's self with a notebook, selecting a favorite picture and writing out such a description of it as would appeal to a blind person. Commence by briefly stating the general composition; accurately describe first that which is of central importance, and finally include all the accesso-ies. State all you can Interpret of character, as implied by posture, features and costume. Student3 are especially advised to treat in this manner the following pictures: "The portraits of Durer himself. " 'The Adoration of the Magi' Florence). " "The Knight. Death and Devil." " 'The Melancholia.' " 'St. Jerome in His Studv.' " DIRECT WIRES TO SECOND FLOOR New York Stock Exchange Chicago Ekard of Trade CHAMBER OF COMMERt CAPE NOME S. S. GEO. .W. ELDER, S. S. NOME CI S. S. DESPATCH The above first-class steamers will sail every 10 during the season for Cape Nome, York and St Micl and Yukon river points. First Sailing, May 15, FOR RATES AND INFORMATION APP LT TO COAST S. S. F. P. BAUM&XRTNER, 253 Washington St "W. A. Mitchell fc Co., General Agents, Saa Fraaelaee. Nam a. Flag and rig. Master. Dec Dec Jan. Jan. Jan. Jan. Feb. 6Ravenscourt 27Stronsa 2Angerona 23Colbert lOTrongate 3lEnglehorn 12AllegIance Br. bark Br. ship Br. ship Fr. bark Br bark JBr. ship Br. ship Scott Hennlng Williams Loreau Smith Lovltt Evans 1373 1939 1145 1248 949 2374 11801 From. Agents or Charterers. Berth. (at THE PRESIDENTIAL ELECTION Success of the Republican. Seems Certain. Party Panama Antwerp Liverpool London Brisbane Shanghai Honolulu P. F. M. Co: Seattle B G. & Co. Tacoma McNear ITacoma P. F. M. Co.lTacoma K., G. & Co.'Tacoma B G. & Co. Tacoma B.,'G. & Co. ITacoma Total tonnage In port SS35. Same time In 1899, 14,087. Titles at Astoria. (Weak bogtuntnc February 26.) steamer KInshlu Maru, for Seattle. Ar rived Feb. 23 British steamer Goodwin, from Tacoma. Hoqulam Arrived Feb. 22 Schooner North Bend, from San Francisco, for Ho qulam; schooner Neptune, from San Fran cisco, for Aberdeen. San Francisco, Feb. 24. Arrived Schooner Ralph J. Long, from Sluslaw; steamer Homer, from Gray's Harbor and Portland? steamer Sunol, from Gray's Harbor. Arrived February" 23 Steamer Columbia, from Portland. Sailed Steamer Mattewan. for Tacoma. dividual may be the cause which Induces the selling. A rather violent break in Tennessee Coal had the same tendency. As a matter of fact, traders were disposed to sell stocks on the general outlook, es pecially the reports from trade authorities that prices of materials, especially the metal9, were declining. There was also the fear that the cutting of grain rates on the trunk lines would spread to other classifications, and there were some rather striking declines in the volume of bank clearings, compared with the correspond ing period of last year. Reports by tele graph to the Financial Chronicle for five days show a large shrinkage not only at New York, Boston and Philadelphia, but rnn- Tnin win....j nri ct.. nt Baltimore, amounting to over 63 per Many People witnessed Novel Show . . ' c. T ..,, , . weak, uiiu txt i, jKiuia ul ikxztxny t jjdi DREW A BIG CROWD. J M M M XT H ." DAY. S g. r S. 1 . t iJ z. 1 tHUIiwwtar I TiftwW H S.l 11:24 7.1 jfMlttiM- U:M 8.4 jritolifcir Uy 8.6 :7 7.7 rtarater :Jg 8.3112:47 S.S faSW..."""""!" :tt SS 2:22 ' sll Lw water j MMklar 4:1S 3.4 5:88 0.1 falV 6:1K 2.S Sl-6.1 TflJliiiaiU' tJtt 1.9 6:95 6.0 ghjMillnr CrSSJ l.Sj 7:15 0.2 ?..!" ."!"""111 SOl eisi 8:1! LC cent New Orleans, however, expanded its clearings over 47 per cent, Chicago 10 per cent and other cities outside the seven leading cities 5.2 per cent. Railroad earnings continue to show large increases, 61 roads which have al ready reported for the second week in at Exposition Bnildlnff. The colored festival and ragtime contest at the Exposition Building last night was witnessed by a large crowd, who seemed to enjoy the show. The festivities began with ragtime piano playing, by a colored fnU.lriinl TtrVirtCrt noma ttqo nt ctItom This was followed by a sketch by Robin- i f"lunii BUis &u .v 'ui oi. son and Brown, and a buck and wing ' P" cent over the corresponding pe danclng contest, which was decided in rIod, yca s,tro?5 returns ere favor of a colored man named Tyler' a durie e day for the third eek m The Dixie Quartet then gave two or three ' f ebruary b the St. PauU Hocking Val selectlons In an admirable manner. Then le' and e Grande Western. There came a battle royal, a repetition of what as consiaeraow Buyingw me coai-carry u Hvn nt nil "Pnrf ism tWhuho pnrnnn- -lnS railroad stocks and a rallying- ten Per a via a Bark Arrives. There was about 7ft tons of Peruvian lUttfc drifted Into the river last evening. St was not the kind that is sold in drug MfcDMs. bat Is an ancient lumber drogher wfcjch flies the Peruvian flag and which hsrc the name Francisco Toeo. The vtsel ti prthafcly the mysterious bark that has ima flouring as nsartee reports from the Cape for the pair week. She comet in hafla from Tambo de Mora, Peru, and wfU load lumber at Kaapptea. dency in the market which was checked by the renewed weakness In Thlrd-Avenuo and the New York utilities in the final dealings. The decrease in cash shown by the bank statement was very near to the es timates. But the supposition that the large rate of loan expansion had been checked proved erroneous.. Chiefly by reason of the additional loans of $11,035, 900, the surplus reserves are further de pleted, to the extent of $4,337,123. There can be no doubt that bankers are In- J fluenced In their liberality in extending in- j nation authorized by the pending financial Din. tiumcient attention nas oeon caned ters. After this was the novel feature of the evening, a gladiatorial contest between two actors from the Chinese Theater. This was so supremely ridiculous that it was really amusing. A boxing contest in bar rels followed, and the entertainment closed with an old-time colored cakewalk. The gate receipts were good, and TedSul llvan, the manager riRd baseball magnate, was correspondingly happy. a Dewey Invited to the Mardl Gras. NEW ORLEANS, Feb. 24. Bathurst, Lord High Chamberlain to Rex, King ofq credits by the possibility of currency i lie umnivai, uaa iuituigeu a. sptxiai re ception for Admiral Dewey and his wife. wno win attcna Jiarai uras. .uewey nas to the fact that the bU1 authorizes an been created Duke of Manila by the extension of the bank-note clrculition to carnival powers that be. and a personal the par valuo of the ,Qnas at present de invltatlon was extended him through Con-., posited to secure circulation, which would gressman Meyer to attend the festivities. , be a 10 per cent Increase. But not so 1 much attention has been given to the fact NEW YORK FINANCES. Continuation of the Upward Move ment In Loaus,, NEW YORK, Feb. 24. The Financier says: The New York bank statement for the week ending February 24 Is marked by a continuance of the upward movement In loans, the expansion since the last pre vious statement having been $11,035,900. This makes the total Increase since the opening of the year $7,706,000, as compared with a rise of a little over $40,000,000 for tho same period last year. Loans now, in fact, are within $13,000,000 of the total re ported on February 18 a year ago, al though they are smaller by $45,000,000 than the maximum record attained on March 4, 1899. The net deposits are $70,000,000 less than at this time last year. The movement of surplus reserves now Is not different from that noted In Feb ruary, 1899, and as the two chief fac tors in swelling the available cash In New. York banks have been eliminated In the stoppage of treasury deposits and the re demption of Interior demands, there seems no likelihood of statements of a different character for some time to come. In other words, with the loan commitments rising and money going out of the New York banks, as at present, the surplus reserve will be subjected to a drain that will reduce It to a smaller figure than now reported. But in spite of this obvious process of liquidation of excess funds, money as yet shows little sign of responding, rates be ing only nominally higher. The heavy loan contracts may have been made in anticipation of a harder market later on. During the week just elapsed the banks lost nearly $3,000,000 In cash to the treas ury and the interior. No detailed ex planation can be made of the cause of the continued rise in loans. The stock market conditions hardly warrant the re peated advances of $10,000,000 and over per week. Commercial activity doubtless has had more or less to do with it A fact that seemingly escapes attention is the grow ing circulation of New York National banks. Since January 1 the Increase here has been almost $2,000,000. and the gain over last summer is about $4,000,000. The weekly bank 'statement for five days Is as follows:. Surplus reserve, decrease $ 4,337.125 Loans, Increase 11,033,900 Specie, decrease 1.048,600 Legal tenders, decrease 1,826,400 Deposits, Increase 674,700 The banks now hold $19,678,850 in excess of legal requirements. PORTLAND, Feb. 2L (To the Editor.) In the January number of the Pacific Monthly, Mr. L. B. Cox discusses, in an Interesting manner, the question: "What chance of ' success has the Democratic party in the next National election?" Now, as the conditions whch Mr. Cox says would Insure the defeat of that party are very likely to prevail, the question seems to have but one answer. On the other hand, it Is, perhaps, need less to ask what chance of success the Republican party has at the next election. It Is like asking, What chance Is there that the sun will rise on election day! The conditions were never more favorable for the success of the Republican party than they are now. Leaving out of the question the war with Spain, which was brought to an end so quickly and with little loss on our side, the prosperous con dition of business, and the fact that the prospects of a much greater prosperity are seen throughout the country, will materially aid the Republican party. There Is very little, if any, discontent among the masses of the people, such as was ex pressed in the last Democratic victory. It la true, there Is some opposition to the policy of the Administration In regard to the Philippine Islands, but It is Inconsid erable, and much of It comes from Repub licans who do not, for that reason, desire the defeat of ,thelr party. The great business Interests of the coun try are, for very obvious reasons, with the Republican party. They do not care to in vite ruin by making It possible to carry into practice some of the Insane theories of the Bryan party. There is some de mand for a revision of the present tariff schedule, to which the Republican party will probably accede, and for which tne country can wait without any Immediate danger of ruin. Of course, Mr. Cox, in his discussion, does not refer to the real Democratic party which refused to indorse Bryan and h's Popullstlc views, and afterward nominated Palmer. Many of those Democrats voted for McKInley on the principle that it Is better to get part of what you want than to get nothing. It Is not likely that they will nominate any tipket this year, but one thing Is certain, they will never support Bryan nor any man who advocates his views. , Mr. Cox does not do justice to the in telligence of two classes of our citizens when he says: "Bryan will lead the agri cultural population and the wage-earners, so far as the latter are free to voice their preference." We are all aware that Bryan did not lead a. majority of either of these classes in 1S6. If he had received a very large percentage of the votes from both ho would have been elected, and It Is certain that he would now receive far less support from them than was given him four years ago. The price of farm products has ad. vanced in spite of the drop In silver, dis proving one of Bryan's theories by which many votes were gained. Wages, in many lines, have been Increased so that, gener ally speaking, laboring men are now re ceiving better pay than they have for sev eral years. Of course, these conditions are Very satisfactory and the farmers and worklngmen who have the capacity to think and reason for themselves and most of them have are asking whether these things would have happened had the Bry an party been In power. Mr. Cox savs. If the keynote of the party Is th unlimited coinage of silver at the ratio of 16 to 1, defeat will bV as certain as the arrival of election day. But if the platform does not contain a strong silver plank, the party will lose the votes of the silver-mining States and of many silver advocates elsewhere, and that also would mean defeat Mr. Cox is right when he says that Bryan will get the Populist strength, for he Is a man quite after the PopuHst heart But why count on the strength of a party that has gone out of business? He Is right also In thinking that if the party fails to commend the successful prosecution of our recent war, defeat will be invited. But is that likely with Bryan as a candidate? Have his utterances on the subject been such as to justify any one In thinking so? He has done much to show President McKInley what a mistake he made In giving him a commission in the Army. He is one of those citizens who considers his life too valuable to risk In the defense of his country, and his respect for those who would uphold our flag Is not "great That McKInley and Bryan will again be the standard-bearers seems now more than likely. To nominate McKInley would be bujt a just recognition by his party of his i wise and patriotic Administration. To nominate Bryan may not be a wise thing I for his party to do, but that it will be done seems now almost certain. It is not I likely that any serious attempt will be made to defeat him in the convention, and It is very doifbtful if such an attempt could succeed. But It matters very little ' what the action of the so-called Demo- I cratic convention may" be. The party will meet a greater defeat than It suffered in j 1896. When the Democratic party divided In convention four years ago, the majority accepting Bryan, Populism and silver, it made defeat inevitable, and until It shall get back to Its former principles, abandon the insane Ideas of Populism and silver Ism. and accept the leadership of states men, such as Carlisle. It can never hope to figure again as a formidable opponent of the Republican party. The platform of the Republican party will, of course, em body the principles which have made It the party of the people, and will win the victory it deserves to win. CHARLES K. BTJRNSIDE. o ' RiirPQ I Ulo Capt. J HJ BBATKKtof Lawrenceburg.Ky , "Foryears I suffered intensely 3 a running sore on my leg, causi awousa receiveu in xne ar was treated by a n umber of dc and took many blood med.d without the slightest Denent. S. was recommended, and the bottle produced a great imp ment. Tre noison was forcec and the aore healed up completj !CC& ?0WW The Safe, Swift, Sure. St Louis Globe-Democrat Watterson's new definition of an elec tion by the people Is "chance." He is for the Goebel law because its results are definite 4tn...U.M lis WG&, lPWA4LZff ISSP3" ik t. t " -. n' j i j fc r i.uvija. ii ill. : i b iwiftWMagp-fj :rr--TifffStitiK?57FTT ' KS (Swift's Specific) is the best blooda dy because it cures the worst case! is guaranteed pwely vegetable, acdj Eietely eliminates every trace o: it lood. Valuable books mailed fc Swift Specific Company, Atlanta, j in i 1 1 imiiw- mi mi&i&u ANAPEJRiENTX If you are wflcrioff from Corwtip- WMl, or aa enecis, utc aavouugc ui : tins advice, uoioyourrcarcsturag crit and buv a. bottle of Abbey s Si Take it regularly and ou will barrel tbeDescor neannana oeireci v ;n sdpation and fcsattendant ills. Dia t i think about it Doit' Dr. James T. Buxdioc Brookya, ! tf. Y . states : " I am free to say tlm 1 1 Hke the enect of Abbcv s Salt so trell that 1 D-rescrifee K aeir aHezether .nstead of citrate of magnesia, Sddhu pow ders, etc " Au Urugguts. 35c, 50c ana 31.00. Taxer Abbeys Effervescent &2& A SWn of Beasty I a Joy Forever, TIK. T. FKTXX OOUKAXTD'H OKXEZ U CREAM, UK MAGICAL. BEACTI Rernores Tan. PImct(. Moth Pitches Rash -'-' ease, and ererr .TiWh -n deoci 1) It hat itcodl .1 "I ta rei naiii ess w 1 be sure i mice Ac en cou tore t of name I t LI te said tc a a4 ha.it tTi As rati lau i them 1 rer j Ooura 1 s ths least hail ai lh Sk , tions Fort . S. fcff V X -" ' a ZJr v. Canada, and ! FERD. T HOPKINS. Prterletor. 37 Great Jones Are You Playing Sugar? "We can and will give you advice regardtefr this stock which if acted upon- will make mosey. SEND US TOUR NAME we will do the rest. TO CODE HOLDERS-HANDICAP' SUGAR,. JNO. H. KIMBALL & CO. CO Broadway, NewXork. CTTnEX wb&O Tr-a sleep. 1 8,000 carea la 1 ho ysar. Dr. Cut! OBAJMOLTS-fT Bifi wCl dialodja, dlrtrt aaa I rrrer rnoort Umanl STSlCXmUE la t&4ar. Beale 41saolTO la thra hours, ear!s( whSa Tra steejt. Cares Glees ul Xslari ti Troataie. Taiubt truUta Int. j ST. JAMES ASS'N. Dept- B. Cincinnati, O. ' DR. SIMM'S SPECIF! , .,7n l i FOR WHOOPING CO! A certain relief and cure. 50 cents at all druggists. Woodard, Clarke & Co., Chei AereatH, Pertlanu, Or. MEN NO OJ PAY THS Mu AFPL.IAJ.tE A way to oerfft mfl fv.Fvthimr Iw falls. The VACT I. M TJ mfnt cures you without medldi all nervous or diseases of the genera ? uxh a. int manhood, exhausting ira.rj, ek. Impotency, etc. Men are quick y rest perfect health and strength. Writ tor circulars. Correspondence tlal THE HEALTH APPLIAN'"'E CO 17-4R Safe Deposit Duilalnr. oea.ll r was Confederation of Catbolic Societies. PITTSBURG. Feb. 24 Delegates irom the varlopS. Roman Catholic Societies of this vicinity wiU hold their second meet ing here tomorrow -to decide the feasi bility" of their rropo-v-l federation. The movement is national, arm will entitle a Wrrrkage HT Calif ernln Coast, . SAX FSULNCI800. JTab. M. The trans tporr HMteock reports that yesterday, Kca aiMMrt 4A sstls aortti nt "Point Ttttvtts. ribe pawed the topmaet of a vessel, with 1 member of one society to benefit In an-1 present premium on outstanding- bends, ysras attached, and considerable wrocfc- I other, i whfeh. will be available for deposit to se- that the bonds at present deposited to secure circulation amount to only $235, 830,170, tvhl'o National bank capital amounts to J60S 000 000. which fixes the lim its xt the bank-note circulation permitted. The refunding plan provides, for the 1s oae of new bonds to the -amount of the Sale of Examination Questions. HARRISBURG, Pa., Feb. 24. The State Medical Council at a meeting: tomorrow will receive a report from a committee appointed to Investigate the charges of the sale of examination questions to ap plicants for license to practics medicine in tle State, For some time past It has been known that the powers that be woujd grant a certificate to any "one hav ing the "price." To cure a Cold In one day, Take "77." To check a touch, of the Grip, Take ,477." To "break up" a Cold that "hangs on," Take ,77." Edition de Luxe. Dr. Humphreys' Manual, In white and gold, sartt free. Tells about the care, treatment and cure of the sick. A chap ter especially on the Diseases of Children. Humphrey Homeopathic Medicine Co., Cor. William & John Sts., N. T. TWENTY YEARS OF SUCCI In tho treatment of chronic diseases, auc as 1 kidney and stomaen aisoraers, constipation. ui KIDNEY AND URINARY rnmninint.1. tMilBfuI. difficult, too frequent. bloody uriae, unnatural discharges speedily cure DISEASES OF THE RECTUM Such as piles Jtetula. fiestxre. ulceration, mucous bloody discharges, cured without tne knue. confinement. DISEASES OF MEN . otaA nnUon. ifleet. suiecure. unnatural loa potency, thoroughly eurod. No failures. Cures FOR BUSINESS OR. SdARBIAGE. ,...,.. w- th-tr M. MIDDIiE-AGED MEN wno irom &. .. -. . POBl5lOD AND SKIN DISEASES. SyphlMa. Gonorrhoea, painful, bloody ,?A2i-ft?l? ?iil-y -ffJrV filial Dnbtlitv. Varteoeale. Hydrocele, and CLWeVCtroubleT cuVed WITHOUT "MSRCDRt' AND OTHER POISO DRTTOa Catarrh and Kneumausia ,ixixiu. uituua. aiarxn ana xDcuiu -,. W imm no natent nos or ready-made preparations, but cures the disease by thorough medical .treat His New pamphlet on irivato Lnscasc. oc. nm l" "" fiii .r.V. trouble. PATIENTS CUreQ ax norae. ienn retusvn&uie. . " ' 1 plain envelope Consultation fr?e and sacredly confidential. Call on or a Doctor Walker, 132 First St., Corner Alder, Portland, Or. V ' iU V J EasiHema ' Painless, Farmamaat. We wfll send anyo addicted to upini Mrnhne. Lands um.orotherdmjraat aTrfal Treatment Free of Cartftfc tains ureat viiaa.jrxiBoipioiicoio Mvr.. "- -- - frVj, sodETY. iiTt smttvt,ttia tn-rited from all. esnedatfT rnralokaas. ST. JASUSJ buw". tlal correspondence invitea BEOADWAY, NEW YOBK.