- -" -
,-w.r 7i
,
THE SUNDAY OREGOyiAJr,. POinX ,vjlPRIL J 8, 1900.
2fr
COMMERCIAL AND
The buslriess of the -week closing yester
day is pretty well reflected In the bank
clearings, which show a very satisfactory
Increase over those -of a corresponding
week last year. There was more move
ttent in the wheat market than there
has been for several weeks, and with a
loosening of wheat stocks, business Im
proves. The weather, on the whole, has
Hot been unfavorable for trade, although
it has caused some complaint from tho
bottom lands of the "Willamette Valley,
where Spring plowing has been delayed
on account of too milch moisture. East
of the mountains, the weather has been
eo favorable, that a large area of grain
has already been put In. In the produce
markets, there has been a slight weaken
ing In some lines during the week, with
strength In others. Therd Is not much
encouragement for "the men who havo
held back their potatoes, and It Is now a
dlffloult matter-to get-over 50 cents for the
very best Burbanks.
The. wool men are busy shearing In
tnost localities, but the price at which yell
ing will open has apparently not been
settled, owing to the dullness In the Eastern-markets.
Mohair was reported lower
In the East yesterday, but the prices re
ported from the big pool at The Dalles
yesterday would Indicate that there Is
etlH a demand for it. The butter mar
ket Is In a badly demoralized condition,
and, with the exception of two or three
of the fancy selects, which are still held
tip to 50 cents, everything choice is selling
at ia cents. A further reduction Is looked
for early In the week, as receipts are in
creasing very rapidly and. tho demand Is
not growing proportionately. The egg
joarket Is steady on a good demand for
"cold-storage purposes, and also. on an Im
provement In the demand from Califor
nia, the steamer sailing last evening tak
ing out several hundred cases.
The most Interesting development In
the hop situation during the week was
the filing of a new-crop contract at Sa
lem whereby H. C. "Wells agrees to de
liver to S. Ramsey & Co., of Seattle, 0000
pounds of the 1900 crop at 9 cents per
pound. Delivery not later than Qctober
10. There Is very little doing in 1SS9 hops,
end the market Is not .very brisk. Tho
situation In the East Is thus set forth
by the New York Journal of Commerce,
under date of April 2:
. Little or nothing more than fair busi
ness for the season Is being put through.
Home brewers are In very Indifferent
way. as a rule, since- the greater part of
their requirements Is met by deliveries on
contracts made early In tho season, and
consignments Is tho prominent feature In
the export movement. The shipments to
Europe, however, are comparatively mod
crate, and not without. Indication that the
European dealers are extremely conserva
tive In their Investments in American
bops.
The grocery markets are very firm In
nearly all departments except coffee and
sugar, which are slightly unsettled on
account of the Impending war.
"WHEAT The local wheat market con
tinues steady, with European and East
ern advices pretty generally Ignored, so
far as prices are concerned. The most of
the exporters are quoting 54 to 55 cents
;for. "Walla "Walla wheat and 53 and 54 cents
-for Valley. At the same time, they admit
that 55-cent wheat and 41s 3d ships can
not be brought together except at a loss.
From- the Interior come reports of all
sorts of prices, somo going as high as
C6 cents for milling purposes. There Js no
tonnage offering for less than 41s 3d be
fore next Fall, and the only explanation
for such prices is that exporters' are buy
ing for cheaper ships which were picked
Tip before the last advance In freights.
Bluestem Is steady at about 57 cents.
The outlook for the coming crop con
tinues very favorable, and the season
promises to be much earlier than usual,
and, with no bad luck, the Pacific North
west will harvest a record-breaking crop,
Which will come oi top of one of the
largest carry-over stocks ever held hero
July 1, it being Impossible to secure a
sufficient amount of tonnage to remove It
In the comparatively short space of time
between now and the close of tho cereal
year. There has been some conflicting
rumors regarding the California crop, but
the San Francisco Commercial News,
which Is a very conservative and rellablo
paper, sizes the situation up as follows:
The outlook for the growing wheat !n
California is excellent: the rain on Sunday
tind Monday was of great benefit, espe
cially to the late-sown gralnr In many lo
calities the early sown Is already com
mencing to head. In tho lower portion
of the San Joaquin Valley more rain I
needed, although it Is not necessary Im
mediately. South of the Tehachlpl the
prospects are very poor; the grain is re
ported to-have withstood the drought ex
ceedingly well, but even with good weath.
er from now on the crop will be no moro
than half an average however, the af
fected section Is comparatively small. Pa
cltic Coast'wheat iiiieen arriving freely
at foreign, ports, but ihe effect will prob
ably not be bearish, on account of the
light Previous arrivals. T-ornl .loMot-c nr
unable to figure a profit out of the present
status of freights and grain prices, and,
as n result, are doing little or no "busi
ness. The outward -movement has been
light. So far this season 4.743,38 centals
fcave been shipped.
IlnnU Clearing;.
., . Exchanges. Balances.
Tacoma 117.3:4 47.767
geattle 233.4SG C1I3J
Spokane liS.532 4,450
""Weekly llnnk Clearings.
The bank clearings" for the principal
cities of tho Northwest for tho week end
ing Saturday, April 7. were as follows:
,. , Portland. Seattle. Tacoma.
Monday 470,20! S 37I.SST, J 19S.C4J
Tueiday 3M.430 SS7.4G7 123 217
Wednesday 332.63 339.303 154.5S7
Thursday 317.833 224.493 176.00
Friday 360 SSI 255.2S9 rOO.lsC
Saturday 2(2,795 233.4S6 J57.324
Totals J2.O46.690 31.813,923 I1.016.C33
Tho clearings for. the corresponalng
weeks in former years were as follows:
mML Portland. Seattle. Tacoma.
JK9 J1.-712.2S0 J1.5C3.601. J K33.M3
Jig 2.116.275 L971.093 S74.4U
1S97 1,036,5a 434.H6 375,067
rORTLASD JIAnKCTS.
Grain, Flonr, etc
Wheat Walla "Walla. 54ff55c; Valley. 54e;
blueitem. SG67o pet- buahel.
Flour Best Erades, $2 7033; graham, J2 50:
auperflne, ?2 10 per barrel.
Oats-White. 85836c: crajr. 23334c: atalaea.
93300 per buihcL
Barley-Fccd. 114814 CO; brewlnj. 117817 54
per ton.
Mllletufla Bran, J1231S per ton; mld31lr.es,
$16319: abort. 313613; chop. Jit.
Hay Timothy. J9810; clover. J737 60; Ore
goa wild hay, 1687 per ton.
Vecclables, Frnlt, Etc
Vecetables Parsnips, COO 75c; carrots, 50e;
turnips. 60 O 75c: cnlons. J2 SO 3; cabbare,
OOcGrJl per cental; potatoes, 40350c per tack;
sweet potatoes. 24ff3c: peas. 4485c: beans,
10312c: asparagus, 40Cc; new potatoes. 24c per
pound.
Fyult Lemons. J2 8083: oracees. J28S per box
for navels. Jl 5032 for' teedllnrs; tanrerlne.
tl 75; Japanese oracres, 75oJl SO per box:
pineapple. 14 o&SC per dozen; bananar, J2 M
FINANCIAL NEWS
I 63 per bunch: Persian dates; 7HS8c per pound;
apple. J1C1 SO: pear, TScgJl 25 per Mr.
I Cried fruit Apple, evaporated, 7B8c pel
pound: Kin-dried, tacks or boxes. 433c: pears.
J un and sraporated. SQOc: pluma, pltless, 43
iwi prunei. jiauan, orsudnc; silver, exin
choice. 5 0 0e; flea. Smyrna. 22Kc: California
black. 5ftc: do white. 10c per pound.
Butter, Ess, Poultry, Etc.
Butter Weak: fancy creamery. 45950c; sec
ond. 40c; .dairy. 30337'Sc; store. 25S32iic per
roll. .
L. Eers llGllVSc Pr dozen for Oregon.
Poultry Chicken, mixed. 33 50 0 4; hens.
sirofjS; ducks, J5Q0; reese. 10 60S per dozen;
turkey, live. ICOllc; drened, 12HS14C pet
pound.
Cheese Full cream, twine 12U913c; Tount
America. 14c per pound.
Groceries, ITnts, Etc.
Coffee Mocha. 2382Sc: Jara. fancy. 20332c;
Java, rood, SOS24c. Java, ordinary. ISO 20c:
Coita Rica, fancy. 18320c: do cool. ICOISc; di
ordinary, 10012c per pound; Columbia, roart.
fl2 75; Arbuckle's. 13 25: Uon. J12 73 .per
case. ,
SurarCube. J5 E2Vi: crushed. J5 S2H: pow
dered. JS 24: dry granulated, cane. J5 S2H:
beet. J5 S2U; extra, C J4 S2H; colden C Jl 71
net; half barrels. Uc mora than barrel: mapli
j surar, ISClCc per pound.
Beans Small white. 3Sc; bayou, 4c; Lima. C
per pound.
Salmon Columbia rlTer. 1-pound talis. JlO
1 SO; 2 - pound Ulla. J202 SO; fancy. 1-pound
Cat. Jl CSSl'TS: H-nound fancy flats, S5SS5c;
I Alaska. 1-pound tails. 1 1,2031 30; 2-pound tails.
Grain bars-Calcutta. J7CJ7 10 per 100 fot
spot. JS SOCC C2H for July-AurusU
Xuts Peanut. 6HC7C per pound for raw. 10
for roasted: cocoanutu 00c per dozen: walnuts.
10011c per pound: pine nut. ISc; hickory nuta
7c; chestnut. 15c: Brazil, lie; nibert. 15c;
fancy pecan. 12814c; almond. 15 Q 1714c ptj
pctind.
Coal oil Case. 21 Ho per rallon: barrels,
174c: tnk. 154c
Rice Island, OWe; Japan. S4e; Jtesr Orleans,
4UesHc; fancy bead. J767 50 per sack.
Meat nnd Provisions.
Mutton Gross, best sheep, wethers and ewes.
JI34 25: dresned. 737Ho Per pound; eprlnf
limb.. J202 50 each.
Hon Gross, choice heavy, (5; llcht. Jt SO,
dressed, 5864c per pound.
Beer-Grcu. top steers, J84 50; cow. 3 U
C4, dressed beef. 6487e per pound.
Veal Large. C4874c Per pound; email. 8
C14c
Provisions Portland pack (Shield brand):
Ham, smoked, are quoted at 134c per pound,
picnic ham. &4c per pound; breakfast bacon,
154: baccn. 04c: back. &4c; dry salt tides,
Sjic; dried beef, 174c per pound: lard. 6-pound
palls. 10c: 10 -pound palls. Uc; Ms, tc;
tterre. Bia per .pound. Eastern pack (Ham
mond's): Hams, larre. 13c; medium. 13U&'
small. 13).c: picnic hams. 94c: nhouldera. 04c;
breakfast baccn. 12c; dry salt tide. SU8S4C;
bacon tides. OSlOKr; back. 10c: butts. 8c;
lard, pura leaf, kettle rendered. 5a. 1014c; 10a,
lOSc
Hops, 'Wool, Hides, Etc
Itops SQftc per pound.
Wool Valley. 12 0 13c for coarse. 1C318C foi
best; Eastern "Oregon. 10815c; mohair. 2G327C
per pound.
Sheepskins Shearling. 15020c; ahort-wool. 21
835c; medium-wool. 30850c; Ion r-wool, 60c8(l
each.
Pelt Bear skint, each, as to size, 35815;
cub, each. J10S; badrer. each, SOc: wildcat
25875c; housccat. 5825c: fox. common Cray,
40C8J1: do red, 7083 50; do crom. J2 togtl;
lynx. J284 50; mink. 40cSl 75; marten, dark
Northern. J5810; do pale, pine, J284; musk
rat, 8812c. skunk. 50rt0c: otter (land). H
Q8; panther, with head and claws perfect.
JI83; raccoon, 25880c: wolf, mountain, with
head perfect. 1-3 50 05; wolverine. 12 5080;
beaver, per akin, larre. JC87; do medium, per
skin. J483:'do small, per akin. J1&2; do kit,
per skin. J 183.
Xallow-5e5Uc; No. 2 and rreaae. 3484e per
pound.
Hide Dry hides. Jfo. 1, 10 pound and up
ward. 158154cr dry kip. No. 1. & to 10 pounds,
15e per pound; dry calf, .No. 1. under 5 pounds.
15816c; dry salted, ontolhird Ices than drj
Olnt; salted hide, sound steers, CO pounds and
over. 8409c: do 50 to CO pounds. !3S4c; dt
under SO -pounds and cows. 7488c: kip. 13 to 34
pounds. 7488c: do veal. 10 to 14 pounds. 74c;
do calf, under 10 pounds. 74c: rreen (unaltedl
lc per pound less; culls (bull, star, moth
eaten, badly cut. scored hair slipped, weather
beaten or rrubsy). one-third leas.
TlID GIUVIX MAIIKETS.
Prices for Cereals In European and
American I'orlir
SAN FRANCISCO. April 7. Wheat
Steady; barley, quiet; oats, quiet. Spot
quotations were:
Wheat No. 1 shipping. 95c; choice.
96Uc: milling. DS&cfill 01H.
Barley-Food. Toffee; browing. S6-0
82Hc
Cats Gray. Oregon. Jl 07H1 12:
milling. JllS0117Vi: red. JCcCU 15.
Call board sales:
,WeataLeaa" MQy 9fc! December,
tl 04tf: cash, 96c
Barley No sales.
Corn Largo yellow. Jl 10Q1 15.
Cblenzto Gi'nln and Prodnce.
CHICAGO. April 7. Corn opened weak,
but found some friends a fow seconds
afterwards, at a concession of Ho from
yesterday. It gradually was forced up a
shade over yesterday, but they were not
strong enough) to hold the advantage.
There was a bearish' element at work in
the pit, and considerably emboldened by
tho report that certain heavy longs were
ready to take profits, they brought con
slrierahln nrptiTrA tt tu eAmH -t.-
- a - - " ocuiiiji B1UC
There were th&se who thought the mar-
ri raucn too Droaa 10 oe Influenced by a
single heavy speculator or even a coterie
of them, one student of the situation re
marking that thit rrnit IniHi-,. .......
-- p.. .h.....,m,, 011-vr
juu iiuK were running me corn deal this
season. Some reports made country ac
ceptances over night freer, while others
said the farmers will still bo disposed to
keep the coarse grain in their corn cribs.
Liverpool was lower for futures, but firm
for spot. Baltimore reported 250,000 bush
els accepted by the other side. May
opened te down, at 335140c. advanced to
0c and then reacted to 39T4c, closing
steady. HQHc down, at 39ff40c. Trade
was active at times, but the volume of
business showed a falling off.
The -hcat market took a brace follow
ing the opening in sympathy with corn,
but promptly weakened when the big cer
cal reacted. The speculative trade was
light. May opened unchanged, at 60O
CgytC declined to Ctc. reacted to 66c
WHEAT!
A Most Astonishing Record
Purchases of wheat made in March In
variably show a good profit during ADril
and May. as the following table, compiled
from the official records, will prove:
Low In High
Year. March. Ap'l-May. Adv
1S79 ES14 Jt oii 131J
1SS0 Jl 12 1 25T4 134
1SS1... . &SH 1 !2- 24W
la2sSBsosaassaa X Z173 1 Q 15
1SS3 105 11Z h
1SS4... .. ... e3 94 12
1SS5 73( 3i lsij
1&6... . .. 75 S3l St
1SS7 72H &$t 164
1SSS 71 S3 1SU
1SS3 92Vi icevJ U
1890...". 6H 1 00 23i
18S1... .. . 97 a 16 1674
1892 77U SI 134.
133. o4 S3 ISt
liS4 5iJ G5H 9
lNjiltsitS(tStlSM( vl7 W7j v
1SS6. aTB XlMl
18S7 0 JTO 84
1S9S (Letter) .. 1 00 1 5 85
1S99 CG 794 134
Take advantage of an exceptional op
portunity to Increase your income. We
have, the facilities and solicit your busi
ness. CULLISON & CO.
Board of Trade and Stock Exchange Brokers.
214-213 Chamber cf Commerce.
PORTLAND. - - OREGON.
and then broke to GClzC. at which the
market closed, U6o under yesterday.
The provisions market was firm and
fairly active. In rplte of the grain eas-
lness and lower prices at the yards. May
pork closed 24c up. May ribs 10c up and
May bird 2Hc better. There was con
siderable profit-taking throughout the
session.
The oats market followed com. May
closed He lower.
Tho leading futures ranged as follows:
WHEAT.
Open. High. Low. Closed.
April joeeu
May JOOOJi JO 6CH JO 66i S64
July CS 6SH C7i 67
September ... C55 CSH CSH C6H
CORN.
Apfll aa 3?4
May 334 4OH 30H 40
July 40H 41H 40H 40J.
September .... 40 41VS 40;J 41H
OATS. .
May 24H 23 Z 21
July 244 2s 24U 2S
September .... 234 234 23 3H
MESS PORK.
May 12 67H 12 824 12 674 12 70
July 12 G5 12S2VS 12 65 12 70
LARD. ,
May CC2H 6C74 6 624 6 fS
July 6 724 60 6 72t C 75
September .... 6 6 874 6 80 6S5
SHOUT RIBS.
May 7 00 710 7 00 7 02H
July 0 8) 0 87 6 77 6S24
September .... 6 24 CSV 6 SO C SO
Cash quotations were as follows:
Flour Steady; Winter patents, J3 60O
3 SO:, straights. J2 5523 40: clears. J2 703
3 10; Spring specials, J3 R0T3 SO; patents,
J3 101jS45; straights, J2 6003; bakers',
J2S2 45.
Wheat No. 3 Spring. C4S(Sc: No. 1
red. 69UCO-5S.
Corn No. 2. 2Kc.
Oats No. 2, 25H926C: No. 2 white, 2SUQ
tSc; No. 3 -white. 27UG2SHC
Ryer-No. 2, 55c.
Barley No. 2. 41045c.
Flax seed No. 1. Jl 70.
Timothy seed Prime, 12 3502 40.
Pork Mess, per barrel. J12 10012 75.
Lard Per 100 pounds, J6 6507.
Short ribs Sides, loose. J6 S507 20.
Shoulders Dry salted, boxed. J6 500
6 75: s"hort clear sides, boxed, J7 2507 40.
VhUkj- Distillers' finished goods, pet
gallon, Jl 254.
Sugars Tut loaf, 56: granulated. JS 41.
. " Receipts. Shipment
Flour, barrels 33.000 57.000
Wheat, bushels 67.O00 76.000
Corn, bushels 256.000 272.00)
Oats, bushels 192,tX0 13S.009
Rye, bushels 4.000 2,000
Barley. -bushels 44.0W "8.000
On the produce exchange today the but
ter "market was easy; creamery. 15019c;
dairy. 15917c. Cheese, firm, 12013c Eggs,
steady, lOJJc
Jfew York Grain nnd Prodnce.
NEW YORK. April 7. Flour Receipts.
42.200 barrels; exports. 19,300 barrels; mar
ket, steady. Minnesota patents, J3 700
4; Winter straights. J3 4503 60.
Wheat-Receipts. C6.600 bushels. Spot,
steady: No. 2 red. H4c f. o. b.
Options opened steady on prospects of
bullish statistics on Monday, but were
afterwards Influenced by fine weather in
Winter wheat states and realizing;
closed steadier on firmer Continental ca
bles, at unchanged prices. May closed
TMic; July closed 73Jo; September closed
4c
European "Wlient Markets.
LIVERPOOL. Arcll 7.-Closlng: Wheal
Spot, firm; No. 2 red Western Winter,
Cs Id; No. 1 Northern Spring, 63 4d; fu
tures, steady; April, nominal; May. 5
lOHd: July. 6s SHd.
Corn Spot, firm; American mixed, new.
Is 2d; American mixed, old. 4s 3d; fu
tures, steady. 4s 2d; July, 4s ld; Sep.
tember. 4s ld. .
LIVERPOOL, A"p7ll 7.-Whcat firm;
wheat and flour In Paris steady. French
country markets quiet.
Tnccma "Wheat.
TACOMA, April 7. Wheat-Firm, but
quotations show no change. Bluestem.
56c; Club, 54c
stav yoric stocks.
Prices nt Wblcli the Principal Se
curities Closed. '
NEW YORIC. April 7.-Tho total sales
of stocks today were 394.400 shares. The
closing quotations were as follows:
BONDS.
U. S. 2s ref....103 Atchlson adj. 4s. Si-v
U. S. 2 reg 9-JV4Gen. Electric 5s.lI6iI
do Ss reg lv9N. Y. Cent, lsts.112
do 3s coup HO (North. Pac. 3s... CStl
do pew 4s reg.lJ3 do 4s 1C42
do 4s coup 1334 Or. Nav. lsts....no
do old 4s reg.. .11441 do 4s 10314
d coup 114W O. S. L. Cs 12734
4v 4Ni irj, 1U)
da :s coup HSU
Dls.of Col.. 3-C5.119
C & N. W. con.
do win. r, llili.
R. f! V. lit. ii
St. Paul cons..'"l71H
110, u. & i ists.ll9-?
s 1434
,d0.aFv.de5 5S.121J4 Union Pacific 4..10S4
D. & R. G
t. isis.ira;, wis. Cent. lsts.. ttl;.
.nw'.3 is. cent. ists.. IC;i
. 934 Uouth. ' Pac 4s.. S5
ao is
When Issued.
STOCKS.
Atchison 27S
do Jfd TIT,
Bait. & Ohio.... Mi
Can. Pacific .... 97
Can. Southern .. 57
Ches. & Ohio... 32911
C G. W. 141
C-. B. & Q 131
Chi., fnd. & L.. 27y
do pfd 58
Chi.. & East 111.104
Chi. & N. W...1W
C.. R. L & Pacll2Ji
a C. C. &SU L.-C4
Colo. Southern.. 0
do Itta nf1 l
Union Paolflc
do nfH
. 55S
. 76
. "4
. 23U
. lOTi
. 20-V
Wabash
do jfd
Wheel. & L. E.
(In Mh nfrl
P. t P. s T." ra
IThlrd Avonue....lOM4
EXPRESS CO.S.
Adams 117
American 146
United States ... 47
Wells-Fargo 123
.l LA. UUb.
Am. Cotton OH .. 37
fin nM t.t
do 2ds pfd 114
Am. Malting ..'.. 414
ici. a: iiuusoh.jw
no piu ,u
Del. I Xr W IW.iirr. tj . T 7i
D. & R. G 21.! rin nM u
do Dfd Tl
Am. Spirits 2U
Erie 13Hl
do lsts pfd 41H
do pfd 17
Am. Steel Hoop. 2',U
in nM ei
in, xxortn. pra..jw4
Am. Steel & W.. 56W
do nM iav
Hocking Valley. 39
Illinois Central.USV
Iowa Central.... 1SH
Am. Tlr.-Plate ..3T
do pfd SJ
Am. Tobacco ....107
do nfd irt
ao pia btVi
K. C l. A- a... itiT
L. E. & West.. 23
Anaconda M. Co. &2J
io pia re
Lake Shore.... 200
Loul. A? Kflsh.. JLVH
Cont. Tobacco .. 31 i,
fin nM ' n
Manhattan L ... 97hI do pfd
jueu t. icy.... lot
Mexican Cent... 134
Minn. & St. L... C$4
do pfd 94
Mo. Pacific E2V4
Mobile & Ohio... 47
Mo.. K. & Tex.. 12
do pfd 36
N. J. Central... .119i
N. Y. Central.. .14
Norfolk & West. SSV
Federal Steel ..I 49
ao pra 73
Gen. Electric ....122
plucose Sugar .. 52H
do nM S1U
Int. Paper ....... 21
ao pia 4
UlClede Gas .... 73
National Biscuit. 35
do pfd 90
National Lead ... 21
do pfd 1014
National Steel .. 43ft
ao pia 77
NorUi. Pacific
. era
. CJji
do pfd
Ont- & Western.
. SlilK V Al rtrVo it;
O. R. & N 42
do cfd 76
North American. 15H
i-aciiic v.oas ... iil'A
do lsU pfd S3
r!n 5,1 nM tn
Pennsylvania ...141H
neaaing zo
do lsts pfd 64
do 5ds nfd 31
Pacific Mall 35
People's Gas ....105H
Pressed 8. Car.. 63
do pfd SJU
PulL Palace Car.lS34
Stand. R A T. fAZ
R. G. W. S3V4
In nM m
St. L. & S. F... 11
ao ists pia .1
do 2ds pfd S6H
St. Louis. S. W. 12U
do pfd ....i.... 32
St. Paul ..t 124
do pfd 172
St. P. & OmahaJU
South. Pacific... 404
Sugar us
do pfd .110
Tcnn. Coal & I.. K
U. s. Leather.... 131i
do nfd ?x
V. S. Rubber 33A
rin nM Tfrt
Boumcrn ity.
do pfd
Texas Pacific
Wis. Central
LH,
Western Union... 84
i:cp. 1. Ac a Z1V4
1754
do pfd K4
isjfl
Money, Exchnnrce, Etc.
SAI FRANCISCO, April 7.-Sterllng on
London, GO days, Jl S3U; sterling on Lon
don, sight. J4S7H.
Mexican dollars 4S049c
DraftB-Slght, 17Hc; telegraph, 20c
NEW YORK. April 7. Money bn call.
304 per cent; last loans. 4 per cent; prime
mercantile paper, 4U05 per cent.
Sterling exchange, steady, with actual
business in bankers' bills at J4 6104 86
demand, and at J4 E3X04 S34 60 days.
Posted ratcs-v8484,S7H.
Corrmare4I WHa- Hi4 . t
Silver cerUfteatesj-jltHtaHc.
Mexican doUar We..
Government boads Steady.
State boads Inactive.
Railroad Dondanra.,
LONDON, April 7. Consols, 1015-16: sU
vcr, 27l4d. Wheat cargoes on passage,
quiet and steady: cargoes No. X standard
California, 29s Gd; English country. "mar-
Jcets quiet.
LONDON, Apry 7. Money, V&&& per
cent.
Stocks In London.
LONDON, April 7.-CosIng Canadian
Paclfle, S9Si; Union Pacific preferred. 7SH;
Northern Pacific preferred, 79H; Grand
Trunk; SJS: Anaconda, 10U.
Saa Francisco Markets. yV
8AN FRANCISCO. April 14Too
Spring, Nevada, 12015c: Eastern'oregon,
12016C7 Valley-Oregon, 20023c Fall, North
ern Mountain. 10012c: Mountain, 8910c;
Plains, S01Oc; Humboldt and Mendocino,
11015c
Hops-lSSJ crop. 11013c
MUlstufts-MIddllngs, J1702O; bran, J120
13 per ton. , ,
Hay Wheat, J609 50; wheat and oat, J60
9; best barley, J507; alfalfa, J506 DO; stock.
J505-5O; compressed wheat, J7fi9"50 per ton;
Btraw, 25040c per bale.
Potatoes Early Rose, C075c; Rtver-Buri
banks, 40075c; Oregon Burbanks, 65c0Jl
per cental; sweet potatoes, 12 4002 60 per
cental.
Vegetables Sllverskln onions, J3 2504 per
cental; garlic, 2H034c; green peas, 1014c;
string beans, 507c; dried okra,'3Z4c per
pound: asparagus, C5c0Jl 50 per box; egg
plant, 5010c per pound.
Apples Choice. Jl 25; common, SOc.
Citrus fruits Oranges, navel?, Jl 253 25;
Mexican limes, J506; common California
lemons, Jl; do choice. Jl 2501 50 per box.
Bananas Jl 503 25 per bunch.
Butter Fancy creamery, -17c; seconds,
160164c; fancy diary. 154: do eecdnds, 130
15c per pound. ' '(
Cheese California, new. 70Sc; Youn
America. 409o; Eastern. 164017c per
pound.
Eggs Store, 134014c; fancy ranch, 150
164c per dozen.
Poultry Turkey gobblers, 10011c; do
hens, 12013c per pound; old roosters. 13 500
J4 per dozen; young do, J60C 50; small broil
ers. J2 5003 50t large do, J404 50: fryers.
J506; hens, J50S 60 per dozen; geese, J2tf
2 25 per pair.
Receipts Flour, quarter sacks, C611;
wheat, centals, 5S.S70; Oregon. 2201; barley,
centals; 1490; do Oregon,. 520; oats, centals,
0; beans, sacks, 2C9; corn, centals, 2202;
Oregon. 319: middlings, racks, 200; hay,
3S3; wool, bales, 232: bides, 4509.
Eastern, Livestock.
CHICAGO. April 7, Cattle-Receipts, 200.
Week closed generally Arm. Natives,
good to prime steers-, J505 SO; poor to me
dium, J4 2504 SO; selected feeders, Jl 200
4 S3; mixed stockers, J3 6004; cows. J304 60;
heifers, J3 2504 75; canners, J202 75; bulls.
J2 2502 75; calves, J5 2505 75.
Texans, receipts for tbls week, 3C0O.
Texas fed steers, J105 10; Texas bulls,
J3 2003 CO.
Hogs Receipts today 20.000; 2405c lower;
top. J5 524: mixed and butchers. J5 250
5 524: good to choice heavy, J5 4005 524;
rough heavy. J5 2505 574: light, JS 2505 50;
bulk of pales. J5 4505 474.
Sheep Receipts 3500. Sheep and lambs
steady to strong. Good to choice wethers.
J6Q6 30; fair to choice mixed. J-,06; West
ern sheep. J5 GO06 39; yearling. J606 65;
native Iambs, J5 CO07 40; Western lambs,
JC07 4O.
OMAHA. April 7.-Cattle Receipts. 600;
market steady. Native beef steers, Jl 203
5 20; cows and heifers. J32504 2S; canners.
$203 25; stockern and feeders, J3 7005;
calves. J3 5007; bulls and stags, J2 SOS 3 90.
Hogs Receipts. 00. Market 5s higher;
heavy. J5 27406 324: mixed. Jo 2505 274:
light. J5 2005 324; bulk of fnlej. J5 23ft
5 374-
Sheep Receipts, 300; market strong; fair
to choice natives. J506 25; fair to choice
Westerns. JS 7506 50; common and choice
sheep, Jl 5005 25; lambs, J6 5007 15.
KANSAS CITY. April 7. Cattle Re
ceipts 100; market unchanged: Texas
steers. J3; Texns cows, J3 7504 50; native
steers, J4 6005 33; native cows and heifers,
J3 4004 75; stockers and feeders, J2 4003 4A
Hogs Receipts. C000: market 5c lower;
bulk of sales. Jo 2505 374: heavy. 15 270
5 45: packer.. 15 2505 40: mixed, J5 1505 40;
lights. J3 15GS 274: yorkers, J5 2505 27H;
pigs, J4 2505 25.
Sheep Receipts. 600; market strong;
lambs, JC09; muttons, figS 10.
Tlie Mctnl Markets. '
NEW YORK, April 7. The firm that
Axes the selling price for miners and
smelters quotes lead at J4 45 at the close;
bar sliver, 69c.
SAN FRANCISCO, April .7. Bar silver.
59KC
LONDON, April 7Bar silver, 274d.
Coffee nnd Snrrnr.
NEW YORK, April 7. Coffee options
closed steady, unchanged to "10 points
higher. Sales. 16,750 bags. Including May
$6 6506 70: June. JS CS; July. 16 75; Septem
ber. "iH 506 90; October. J6 40.
Sugar Raw, firm; fair refining, JHc;
centrifugal. '96 test, 4Hc; refined steady:
granulated, J5 15; cut loaf, JS 60.
LATEST CANXEUY COMBINE,.
Some Pnrtlcnlars of the Pnnrct Sound
Packing; Association.
The Fan-haven World prints the follow
ing regarding the consolidating of somo
of tho cannery Interests on Puget Sound:
The consolidation of certain Puget
Sound canneries, for which B. A. Seaborg,
president of the Aberdeen Packing Com
pany, of this city, and Thomas B. Mc
Govcm, of New York, havo been working
for several months, may be said to be
practically accomplished. The Puget
Sound Packing Association Is the name
ot ths new organization. Its capital stock
is J2.000.000. of which J500.000 Is preferred
and Jl.500.000 common stock.
A. B. Hammond, of St. Louis. Mo., will
most likely bo the first president of the
association. He Is at the head of the
Columbia River packers' combine, and is
also president of the great Missouri Mer
cantile Company, 'of St. Louis. Mo., and of
the First National Bank of Missoula,
Mont.
Either B. A. Seaborg or Georgo T.
Myers will be tho manager of the com
pany. The board of directors will number all
threo of the above-named persons, and
In addition James D. Hoge, Jr., president
of the First National Bank of Seattle,
and Mr. T. B. McGovem. who more than
any one Is responsible for tho bringing
Into Ilfo or the association.-
The canneries which will become the
property of the association on Monday
are:
Tho Aberdeen Packing Company.r of
Falrhaven.
The Myers cannery, of Seattle
The Anacortes Packing Company and
the Rosario Straits Packing Company,
both of Anacortes.
Two canneries on wlrlch no options
have been secured, but which the now
company has the refusal of qt a stated
price, which they will undoubtedly ac
cept, are the Falrhaven Canning Company
and the Cbuckanut Canning Company, of
ralrhaven.
It will readily be seen that the great
bulk of the association's holdings will be
In Falrhaven, and thai-In tho very nature
of things It must bo the home of tho con
cern. Tho deal had so far progressed
yesterday that Mr: Seaborg contracted
for 200.000 feet of lumber to be used In
tho reconstruction of his cannery, which,
is to be double the size originally Intend
ed. The original articles o"f incorporation,
which will bo filed this week either In
New Jersey or Washington, will-state the
object of .the company to bo "the carry-
la?., od of saknon-taklng and salmcra
:anntng on Puget Sound 'and ntlghborlng
waters."
The combined pack Tn S9 of the four
canneries which the association has al
ready secured was 220.000 cases. The av
erage net profit per case on each -was
Jl. OS, which realized a total profit to the
four canneries of 2250.533 CS. v
Hitherto some of these companies bare
been obliged to obtain by purchase from
outside sources considerable quantities of
fish for canning purposes. The combined
fishing privileges upon which options
have been secured "wDL however, supply
the proposed company with sufficient
salmon to supply and operate the can
neries now belonging to tho constituent
companies, without resorting to the pur
chaser of any fish.
The cost of fish entering Into a case of
salmon, If the fish must be purchased. Is.
upon an average, about J2 more than the
cost of tho raw fish entering Into an ex
actly similar case If the flsh be supplied
from traps belonging to the canner.
The association expects, with economic
cal management and with the aid of its
Increased Ashing privileges, to Increase
Its profits per case to Jl 75. Should It ac
complish thjs., a pack this year 65 per
cent as large as last 'year will yield them
moro profits than they secured from their
last year's pack.
Should they never Increase over last
year, the proposed consolidated concerns
will be able to make tho following yearly
showings:
Credit side m-
Net profits .... J250,63s m
Debit side
Dividends J500.000 preferred stock.J733.000 00
Sinking fund payment ..... 50,000 0J
Dividends upon Jl.000.000 90.OC0 00
(Common stock at 9 per cent.)
Surplus profit for extension of
business 75,533 63
At this rate the preferred stock could
be retired in four years
The high estimation in which this in
vestment Is held in the East can be real
ized when it is stated that the Colonial
Trust Company, which Is tho trustee for
the stockholders, offers to advance tho
par value of the bonds, taking them as
security and giving the subscriber the
right to pay for them wtthln six months
nnd stop Interest.
The capital stock of the company con
sists of 20.000 shares. 5000 of preferred
stock at J100 par value each, and 15,000 ot
common stock at J100 each.
nEGAROIXG FERTILIZER.
Farther Discussion of the Potash,
Question by Professor Shaw.
CORVALLIS, Or.. April 5,-In the artlclo
which preceded this, attention was direct
ed to the fact that more or less change
takes place in the rock upon Its decom
position 'resulting In a considerable loss of
potaoh, especially If tho resulting soils are
subject to heavy leaching, as Is the caso
In the Northwest. This may be further
shown by chemical analysis of fresh and
Decomposed rocks ot the eamo structure
and from the same locality. Dr. U. P.
Merrill cites an instance In which the
undecomposed sample contained 2.16 per
cent of potash and the disintegrated sam
ple L75 per cent, showing the rock (dia
base) to havo lost 19 per cent of its potaeh.
Numerous other analyses havb been made
which show about the same fact, L e.,
that virgin soils formed In place free from
erosion, carry only about 70 to SO per cent
of potash found In tho original rock mass
es. Still further. In the localities eubject
to heavy rains, the water-soluble form ot
potash (available potash), resulting from
weathering. Is not found except In very
'limited" Quantities, but the loss does not
usually exceed 25 per cent of the total
quantity present In . the original rock.
(Wiley In United States Department of
Agriculture Year Book," 1S96.)
But there are still other external rea
eoct! which would lead us to the same view
from a different standpoint. I refer to the
tendency which our fruit trees have to
succumb to fungous diseases, which
unfortunato condition is not true to
anywhere near such an extent In
soils known to bo well supplied with
this element as, for Instance. In the
soils ot Eastern Oregon. Washington
and California. Again the lack of flavor
of fruits grown In old orchards, as well as
the lack of keeping qualities of apples
grown, on such soils would point to the
same conclusion. Still again tho pits of
our prunes nre over-developed as com
pared with tho flesh, the relation of flesh
to p'.t being leas than in those sections
where- potash Is present .In abundance
It Is Just here that a thorough under
standing of the demonstrated function of
this element Is of Importance to a correct
Interpretation of the results. To better
understand the above- In this connection,
tho reader Is asked to refer again to the
statements of tho function of thl3 clement
as given In a previous article.
'It may bo objected that the climate Is
very conducive to this fungous trouble.
Admitted, but this docs not at all touch tho
other difficulties, nor does It explain the
matter of fungous troubles In a manner at
all satisfactory, for. if the trees were
properly nourished. It Is admitted by all
having any understanding ot the subject
that they would be able to throw off many
of theso diseases, whereas now they suc
cumb, as .there Is presumably not sufficient
available potash, due to conditions stated
above, to build woody tissue and make a
hardy tree, which Is the principal business
of the element This Is being recognized
more and more by horticulture, as la
evidenced by numerous letters which the
writer constantly receives, by tho queries
and dlscuoslons at horticultural meetings
and the writings of observant men of
which the following article, taken recent
ly from the Rural Northwest, from the
pen of a British Columbia authority, Mr.
R, W. Palmer, a careful Investigator and
student of horticultural matters. Is a fair
example. He says: "Tho opinion han
been growing among observant horticul
turists that the prevalence of tree dis
eases In tho region west of the Cascade
Mountains Is due to the character of tho
soil. There Is generally a lack of potash
and lime. Tho climatic conditions are
conducive to a great woody growth, which
makes a heavy demand upon the lime and
available potash. Fruit also takes up
much potash. Where the supply of avail
able potash Is not sufficient to meet the
demands of the trees', the trees will nat
urally be In an unhealthy condition, which
makes them an easy prey to fungous dis
eases. In thla conncctlon.lt is worth no
ticing tho fact that tho trees In neglected
orchards are reported In many cases to
bo In a healthier condition than those In
highly cultivated orchards The trees In
neglected orchards have, of course, made
but Htt)o growth as compared with those
In cultivated orchards,. and have been able
to secure a sufficient supply of all the
more scarce Ingredients ot tree growth. J
we cannot, however, mako a success of
fruitgrowing by neglecting orchards, and
must therefore learn what tho soil lacks
and supply it."
This much for evidence, showing that
we might expect tho element 'to be pres
ent in but limited quantities In tho North
west soils, west of the Cascades.
Let us now turn to direct evidence,
which may be classed as. first, analytical;
Second, applied. Under the first I propose
to sot forth certain facts which are re
vealed by the analysis of many of the typ
ical soils of the Willamette Valley when
Interpreted In the light of tho best-known
means of Interpreting such work, and by
such means as aro employed by the fore
most soil experts of this country. I beg
also to present tho results ot analyses
of soils made by tho Washington Experi
ment Station from samples taken in West
ern Washington, and also tho evidence
given by Dr. E. W. Hllgard, of the Cali
fornia Experiment Station, who is un
doubtedly the most noted soil expert In tho
United States. I shall also use as evidence,
tho analyses of fruit as having a direct
bearing on this subject, tending to con
firm tho result of tho soil analyses.
G. W. SHAW.
ITEW YORK "WOOL MARKET.
Dealers Iloldlntr Firm, bnt Sales Aro
Few in .lumber.
Transactions In that livnt wnM mt.i
are few an -far between, and holders see
Downing, Hopkins & Co.
Chicago Board of Trade
New York Stock Exchange Brokers
Continuous market quotations at principal centers of trade received over our
own wires. Branch offices at Seattle. Tacoma, Spokane, Walla Walla, Colfax.
Wash., Vancouver and Victoria, B. C. , -
-.
Room 4, Ground Moor. Chamber of Commtrcj. Both Telephones.
LIVE STOCK
CAPE NOME
The Iron Steamship "Willamette," 3000 Tons
WILL SAIL FROM SEATTLE FOR
Cape Nome, June 1
Tho "Willametto 13 especially adapted for carrying livestock, her
spacious decks afford ample room for feeding, watering and attention.
'Being a stanch vessel, low rates of marine insurance are assured. Sails
direct to Cape Nome without stop. Ample and safo lighters for landing
havo been provided. For rates and space apply at onco to
Telephone 229.
N.
CAPE NOME
S. S. GEO. W. ELDER, S. S. NOME CITY
S. S. DESPATCH
The above first-class steamers will sail every 10 days
during the season for Cape Nome, York and St Michael
and Yukon river points.
First Sailing, May 15.
FOR RATES A?TO IXF0R31ATI03 APPtT TP
CALIFORNIA & OREGON COAST S. S. CO.
F.'P. BAUMGARTNER, 233 Washlnrjton St.
.W. A. Mitchell. A Cc General Asrcnts. San Francisco.
Pacific Coast Steamship Co.
FSeCape INonrie Gold Fields'
THE NEW PsXJLTZAI, STSEL. STEAMSHIP
"Senator" will sail from San Francisco. May 14. Seattle, May 19. Subsequent tripj
will be from Seattle direct namely: June 21, July 21 and August 20.
Tbt "Senator" has a capacity of 2500 teas. Her second catjta a&S tag aecomraoaatlcna
si superior to tha nrst-clus accommodations of most ct the ateamara adTenlwd for Noma.
Tbe Pacific Coast Steamship Co. has been runalns; Its steamers to Alaska winter and rum
tner for 3 rears, and Is the pioneer PadSc Coast line. Seattle freight and passenger rates ap
plr from Portland. For further Information inquire of GOODALL. PERKINS & CO.. General
Arects. JO Market. San Francisco, or N. FOartOHAgtot, H Washington St., Portland, Or. .
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Dr. 'Walker's methods aro regular and scientific He uses no patent nostrums
or readr-mado preparations, but cures the dlsi-ase by thorough medical treatment.
His New Pamphlet on Private Diseases -lent Free to all men who describe their
trouble. PATIENTS cured at home. Terms (reasonable. All letters answered la
plain envelope Consultation free and sacredly confidential. Call on or address
Doctor Walker, 132 First St.. Corner Alder, Portland, Or.
no prospect of a cessation of the present
dullness. Dealers are holding their stocks
remarkably Arm. considering tlie condi
tions through which they havo passed.
Of course, there are some points which
show considerable weakness, but the gen
eral market Is little. If any. lower than
It was a week or two ago. Whether prices
are to go any lower Is a question which
few aro wllllnr; to answer, much de
pending, according to authorities, upon
tho attitude ot the manufacturer and
as to his feeling concerning the stability
of his orders. There have been cancella
tions, and it Is possible that they are not
all placed, but It is generally conceded
that woolen manufacturers generally must
considerably augment their stocks before
filling all their orders. Few of tho larger
manufacturers havo been In the market
for somo weeks, and their stocks must
be depicted severely. How soon they will
come Into the market will depend upon
their belief as to the stability of prices,
and It may be that they will withhold
their support In order to take advantage
of tho lower prices cauxed by such action.
Want Jnimnese? Excluded.
SAN FRANCISCO, April 7. The San
Francisco Labor Council has declared
against any amendment of the Chinese ex
clusion act that will make It less strin
gent than at present. They also urge Con
gress to re-enact this law at the proper
time, with amendments which will pre
vent Its evasion. Congress Is also asked
to pass Immediately a law for the total
and perpetual exclusion from the United
States of all Japanese other than those ac
credited by their government on Its diplo
matic staff. The California Congressmen
are requested to take prompt action in the
matter.
PCUeheater's Eastles. Dtaaen J DmaO.
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No trouble about going East
via the Burlington NOWA
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