The Sunday Oregonian. (Portland, Ore.) 1881-current, April 29, 1900, PART TWO, Image 22

The Sunday Oregonian., April 29, 1900, PART TWO, Page 22, Image 22

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Newspaper Page Text" TWBP 1,1" 'i.'.l "'W -i U - -. SS " V ' MTB"-j fc.Jli f ' ' ' -- 22 THE SUNDAY OREGONIAN. PORTLAND, APBIL 29, 1900. - 1 l5S FINANCE AND TRADE Condition of the Money Mar ket Is Satisfactory. INTERIOR BANKS' LARGE RESERVE Kerr York Stock Market Weekly Bank Statement Import nnd Exports Financial Xtwi. The conation of the money market con tinues to be saUefactory. Merchants and manufacturers are Trillins to borrow money on the terms that ore now offered, feeling certain that they can use It with profit to themselves, and that they will know where to set 11 out of their buslncsn when the time comes to repay the loans. The slump that sometimes comes with the uncertainty of a Presidential election fcaa not put In an appearance this year, and Is not looked for. One prominent lo cal banker said yesterday: "The rilver question is now settled once for all. and as there will be no fear of tinkering with the currency and no likeli hood that any serious change of National policy will be made, there is no reason why money stsulJ go In hiding Just because there is a remote possibility that there will Ve a change of Presidents." The business outlook during the past week was better than It has been for a number of years, and If May opens as April Is closing, the prospects for a lively year In nearly all lines of trade will be exceedingly bright. January and February were dull months with the banks, but In March business picked up, and has been increasing steadily since. Remittances from the banks throughout the state were ea large that they surprised Portland bank ers. Mmy of the banks in small towns wrote to their corrcriondents in Portland in the early months of the year, asking If they rould secure money needed to handle the crore. They all received af firmative replies, but now. Instead of draw ing on the larner Institutions, they are carrying larger balances than ever, and apicar to have nil the money they need to accommodate their customers. Wool baa begun to move a little, as Is shown by the checks that came In from tho buyers of Oregon and tlaewhcre. ana its movement will stimulate buslnert in Eastern Oregon to a great extent. Grow ers are banking their money as fast as they get it, havlrrj no immediate use for It, as they are not now feeding mortgage companies, and, as o result, money Is ac cumulating in the outside banks. This will only be for a time, however, as It will Boon be invested In various forms of enter priser, and will thus get into circulation. Tne sale of timber lands m Oregon, as a result of the thinning of the forests of the Middle West, promisee to be another means of bringing large euros of money into the state. The forests are now full of timber cruisers, upon whose reports in vestors arc waiting before purchasing vast tracts of timber land. Many prominent lumber men of Michigan and Wisconsin are or have been In Portland looking for an opportunity to secure timber, and all of them will make Investment here. As they are men who have cash to pay, their transactions will be ot Immediate benefit to the state. Trade In all lines Is reported good. Wholesalers and Jobbers find collections better than they have been for a number of months, and And merchants throughout the state not only willing, but eager to make larger purchases. Dank Clenrlngr. The bank clearings for the three principal cities of the Northwest for the k endlae Saturday, April 28. ere as follow,: Portland. Seattle. Tacoma. Monday S 435.13 X 333.U7 JIBS.SSS -iuraaiy ...... i,iw 41U.41H J3J.S17 Wednesday 2G0.S7C 3uiMl H7.C15 Thursday 21S.ICS H3.7.S0 147, 020 Friday 2UG.477 290.tx3 103.144 Saturday 1(3.100 214.891) 1S0.&04 Totals X1.C71.&M ll.SSu.ST8 S943,4!(8 The cleartntrs for the correspondlns weeks In preceding years were as follows: Portland. Seattle. Tacoma. 1S33 Sl.437.hM 11,447.520 S.tel.122 1WJ3 ............ 2.21S.1KJO 1.0)l.u25 U72.tio3 1K07 7U3.31C 41S.3U2 331.404 The bank clearings Saturday, April 28, were: Exchanges. Balances. Fortland S1M.1U0 $S3.B3 Tacoma 150.JO4 47.821 Seattle 214.800 43.U7J XnW YORK STOCIC MARKET. Waiting; Attitude, With nn Under tone ot Deprcsnlnn. NEW YORK, April 2S. Wall street was inclined to read the signs of the day as meaning "a little setback in our prosper ity." The market had an undertone of de pression which did not reach a positive weakness. A waiting attitude would be the proper description. The reports of the commercial agencies for the week, which make their appearances on Saturday morn, lngs, caused a feeling that Industrial and trade activity and business prosperity were not being fully maintained for tho tlmo being. There are suggestions In va rious financial circles that ruling prices are serving to diminish consumption to an extent that may necessitate curtailment of production and lowering of prices. The report for March of the Lehigh Valley fin ished the exhibit of unfavorable results In the anthracite field. The bank statement, while a strong one according to the ordi nary rules of interpretation, created an unfavorable Impression. Preliminary reports of the large inflow of currency from the interior were fulij confirmed by tho statement. This move ment. In view of the ease ot money at this center, gives force to the suggestion that there is a falling off in trade activity. This view, at all events, was the keynote of the drooping tendency of prices, to which there were not sufficient exceptions to affect the general tone. The steel In dustrials were special sufferers, on reports of Intended competition by the Carnegie Company in the field for steel nnd wire companies' products, and the shutting down "for repairs" of n plant of the Na tional Steel Company. The week's Increase of loans is undoubt edly largely due to borrowing on sterling collateral. Owing to the cheapness of mon ey here, and the relative deafness abroad, this operation Is more profitable than drawing the exchange. This operation, as will ns the export of gold, represents the lending of money to foreign borrowers, as the country's foreign trade continues to accumulate credits In our favor. Reports of bank clearings do not warrant the as sumption that the return flow ot currency is due to diminished trade activity. New York and Boston are the only Important centers In the country to show a decrease In clearings for the week, compared with last year. The five other leading reserve cities, as well as the total for all other cities show Increases running 9 to over 2S per cent. The true explanation must be that the extension of banknote circula tion and the disbursement ot cash by the United States Treasury has overrun the needs of the circulation, and is forcing funds back Into the Idle reserves of banks. Prices of stocks are rather higher at the end of this week than they were at the end of the last, otter having been consid erably lower. The amount of support ac corded to prices, and tho extent of the de mand at any reaction In prices have been something of a surprise to observers, it was feared that the break In prices In the iron trade would Induce widespread liqui dation In securities. Wall street, by tradition, looks upon the Iron trade ait an infallible Index of pros pects for business conditions. Once estab lished that iron and steel production has outrun demand and that prices have reached a level effectually to discourage and curtail consumption, or that needs for the future have been so far met an to lead to depression In Iron and steel, and Wall street Is prepared to accept the evidence as conclusive of a culmination of a pros perous cycle, with the certainty of a pe riod to follow of business reaction and comparative depression. On last Saturday the cut In prices by th American Steel & Wire Company seemed to establish the fact of such a condition in the Iron and steel trade, and the week opened. In con sequence, with evidence of general liquida tion of stocks. The first check o the de cline came from the powerful support by inside interests In the various stocks. It became quickly evident also that In the steel stocks themselves the heaviest liqui dation had already been effected by hold ers who knew what was coming, and who had not only sold their holdings of stock, but had cone short ot the market at the higherlevel. Thus It has happened that the opening sale on Monday morning marked the lowest price In the iron and steel movement. The eager 'demand from the shorts to cover proved an ample sustaining force for these stocks. But Wall street believed that after the bears in steel stocks had taken their profits there might be a re newed decline, and operators continued to sell. Rumors began to circulate that re cent confident predictions of Inaucutal div idends on eom- s o.-ks and Increase 1 1 itn. crs were not well founded, and that the speculative pools which had caused these predictions to be made, had sold out their holdings and tnken their proflts. Esti mates were published of the Improvements planned by some of the railroads. Involv ing an enormous outlay, as to threaten the absorption of current increases In earn ings, which have been rounted on for dis bursement in dividends. The conditions which were demonstrated In the Steel & Wire Company also tad a strengthening Influence on the sentiment, on account of their bearing on the qeustlon of the effica cy of the gigantic Industrial combinations of the last year and a half In controlling trade conditions, so far as to lessen the danger of recurrent Industrial depressions. The professional bear traders fairly rev eled In the various reactionary tendencies and sold stocks at an open hand. They sold so freely that their demand to cover short contracts developed keen competi tion. How far the demand from this source was responsible for the late rally In the market must wait for clear demon stration until the further closing out of speculative ventures and a cessation of the excessive manipulation incident to the contest of speculative forces. The transactions In Sugar make it ap pear that the unwary bears had sold, in the acgregate, rather more than the total stock Issue of the company. The necessity they were under by their contracts of buy ing this amount of stock to deliver placed them In an unpleasant predicament, when the flowing supply had boen largely taken up by a bull pool, who "then made the most of rumors that the sugar war was about to be settled, prices advanced and dividends Increased again. The violent rise in Sugar certificates Induced a general covering movement among the bears, and their opponents tried to add to their diffi culties by rumors of favorable develop ments bearing on values. The bulls had In their favor continued large earnings by railroads in every sec tion of the country except the anthracite coalers. Strenuous efforts were made to re-establish confidence In the prosperous conditions of the Iron trade, affirming the large consumption of Iron products and the certainty of continued demand to meet the needs of projects already entered upon. The problem of gold exports nnd their effect on our money market and stock market, or rather the extent of such ef fect, is deferred for a short time at least. The week's small shipments had little ef fect on sentiment. Activity In bonds haj; been mostly confined to special c?ses. where Individual causes affected prices. Tho market generally was quiet. United States refunding Zs, when Issued, the 3s, old Is and 5s declined U and the new is ad vanced In the bid price. NEW YORK FIXAXCES. Snrplna Reserve Xow Amount to Over Ten Millions. NEW YORK, April IS.-The Financier says: The reserve reported by the New York Clearing-house banks now amounts to 510.- 074.273, a gain of $2,179,300 during the week. The current statemetn does not agree in its totals, probably tor the reason that the technical odjustment of the accounts of the two consolidating Institutions has thrown It out ot balance. Half the total expansion In loans and deposits can be traced to this cause. The principal feature of Interest disclosed by the exhibit Is the gain of about S4.5OO.O00 In cash, wh'-i re sulted from operations with the Subtieas ury and the Interior. The Increase was not as large as was anticipated, and Its effect was lost in part In the gain of 3.413. 100 In deposits, the latter returning an add. ed reserve of over $2,000,000. Loans are $7,075,300 larger. It Is nota ble that the added cash holdings for the week are traceable to receipt of legal ten ders. This Indicates operations with Inte rior banks. One event of importance was the export of $300,000 In gold by the Na tional City Bank. This was largely a spe cial transaction, but at the same time, with the banks gaining from all sources. Interest rates will probably not go higher, and exports of specie are only natural. Tho per capita circulation of the United States is now at the highest point of Its history- and Is increasing. As business Is not expanding proportionately, there Is nothing strange in the spectacle of a small percentage of Idle capital seeking better Investment returns elsewhere. It will be useless to predict the volume which the present export movement will assume. If, Indeed, It continues, but since money commands better terms abroad, and there Is certainly a surplus beyond present needs here, there -would bo noth ing surprising In a continued movement for some time to come. But this docs no: Imply weakness or unfavorable trade con ditions. On the contrary. It reveals the Inherent financial strength of the country. It is not saying too much to predict thai exports of gold can be stopped immediately If the occasion arises, without disturbing business In the least. The fact that thu United State has, since 1S36. absorbed one. third of the entire gold production of the world, and that present supplies are being added to at a rate exceeding $3,000,CO) monthly, through current production, if often lost sight of when the question of forelsu nei-d for gold arises. The weekly bank statement shows the following char.gs: Surplus reserve. Increase $2,179,913 Loans. Increase 7,075,20) Specie, Increase " l.dUOl Legat tenders. Increase . 2,906.900 Deposits, increase 9.43O.10) Circulation, decrcaso 2G1.M0 The banks now hold J15.074.275 In excess of the requirements of tho 23 per cent rule. Stock .Market Steady Aenln. NEW YORK. April 2S.-The stock mar ket has shown some recuperation from the shock of the deep cut In prices announced by the American Steel & Wire1 Company. The over-extended short Interest had much to do with the range In prices, especially In sugar, which dominated the tone of the whole market for several days. The ap parently unanimous testimony of authori ties In the Iron trade that prosperous con ditions have undergone no change has served to oflet to some extent the Influ ence ot the fXetl and wire episode. Railroad earnings 'continued at a very high level and the failure, of predictions of large exports, of gold and continued ease of money counteracted the efforts of the bears for reaction. , Koreim Financial Xevrs. NEW YORK. April 28. Commercial Ad- vertleer'a London financial cablegram says: The markets here were very quiet and the tono was dull on the absence of busi ness. The war loan was at lttc premium. Americans, after quoting over parity, re acted. There were no features; copper weak: Tlntos reacting i",c and Anacondas, The bank bougnt 15,000 gold In bars and 22.000 In German- coin and received 7030 from Australia. Tho market repaid small loans to the bank. There was an easier tendency -in discount. Honey, Exchange, Etc SAN FRANCISCO, April 28. Sterling on London. 00 days, $1 83U. sight, $4 S3. Mex ican dollars. 4SfJ43c Drafts, sight, 17 Vic; telegraph, 20c LONDON. April 28. Consols, lOff-i. Exports nnd Imports. NEW YORK, April 28. Thp Imports of specie this week were S90.SC5 gold and $SS, 501 silver. Exports of gold and silver from this . TONNAGE EN ROUTE AND IN PORT. Vessels Chartered or Available for Grain Cargoes From the Northwest FOR PORTLAND. Flat: and rlr. Nam. Mar. 23Marechal Vllliers iFr. bark Rlonald Nov. 12'Argus Tin nil..4. Hr. snip Br. ship Hunter Jan. 29 Wendur Nlcoll Dec. 201 L zzle Bell llr. bar Br. bark Whelan Caddell Manson Barrett Decent Putt Jan. 11 Flfeshlre Feb. 121 Pcnthesllca Deccan Br. ship Feb. 14 April 61 Mr. snip Br. bark Br. bark Br. bark East African (Grenada April 20 Ldgate 'Jones rinmore Alice Australia Genista Leicester Castle Nesala Br. bark Ger. ship Br. bark Maxwell Kuhlmann 'Jones Br. ship Br. shlD Hearn Crowest Plander Griffiths Ger. ship Mar. 5 RIversdale Mr. snip Br. ship Br. ship Ger. ship Br. ship Qer. ship Ger. ship Br. ship Br. bark Br. ship Br. ship Br. ship Ger. ship Ger. ship Br. bark Conway Ward Atkinson r ranxistan Mabel RIckmers Orealla Rlckrner RIckmers Rlgel Scmantha , W. J. Plrrie Bandelln Tyers uaaKe Leopold Crowe Jenkins April Sj St. Mirren Wllklns West Lothfan Curtis Harlech Castle Flndley Slrlus Behrlng Rubarth Griffiths Shoemaker McDonald Ellingsen Nlcoll Funder Robert RIckmers Galgate Carl Can Macpherson Stjorn Sutherlandshlrs Ger. bark Br. ship Nor. bark Br. ship Dan. ship Br. ship Br. shin Jupiter April 1 uovenDy Haji Marlon Llghtbody NIthsdale Bowman B. Law WIckham Cordlnar Br. bark Br. bark Br. ship Br. ship Br. ship Ger. bark Ger. bark Steven Gulllson Ardcncralg Centurion Dalcarnle Olga Osterbek .Cairns Collins Jones Engel Glescke Anton Port Caledonia Br. bark Br. ship Br. ship Br. ship Rus. ship Fr. bark Dechmont Queen Victoria Elstan Hayden Astra cana Grimtns Ahlwlk Sylfld ua. t ontame Ttal tonnage en route, 92075. Same Same time In 1S97, 24,172. GRAIX TOXXAGK 3 Name. Flag and rig. Master. Mar. 22lnverness-shlre April 9iAsplce April 13IJohn Cooke April 14 Najade April nlForthbank April 22IAllerton Br. bark Peattle Br. ship Br. shin Bremner Macee Ger. ship Hasselman 116771 nr. Dane Br. ship Paterson Toye Total tonnage In the river. 10, 1S9S, 6431 tons. In 1837, 6425 tons. 742. Samo GRAIX TOXKARC CX ROUTE TO PUGET SOUXD. i Flag and rig. Name. Mar. Jan. Dec Jan. 5 Glenogll Br. ship Stevenson Rhuddlan Castle Br. snip Br. ship Br. ship Br. ship Br. bark Roberts Beard Shandon Imberhorne Carnedd Llewellyn Brussels Lever Harris Tupman Jan. 29 Wandere- Br. bark Tonkin . Nile : Cabul Glenard Fortevlot Br. bark Br. ship Br. ship Br. bark Ger. shin Moesch Mar. Mar, Johnson Turner Oilmour April 261 Henrietta Seeman Mar. S.ar, Rodenbck Dunreggan Carl Linlithgowshire Durham Ger.. ship Br. bark Ger. ship Hansen Dixon Hashagen Anderson April 4 Mr. snip Br. ship Br. ship Br. bark Br. ship Br. bark Br. ship Doty Swan uity or utim Ktllmallle Balfour Melkle Corning Frascr Brynhllda Howard F. Troop Queen Margaret Total tonnage en route. 40,798. Same GRAIX TOXXAGE n. Nam. Flag and rig. Master. Mar. 16 Mar. 19 April E Achnashle Br. bark Longmulr Holywood Elginshire Battle Abbey Br. bark Macauley Br. ship Hannah April Z4 nr. snip Mcunie Br. ship Olsen Br. bark Griffith April'HIMount Stuart April 24Ch. Cotesworth Total tonnage In port. 9503. Same tl port to all countries for the week .aggre gate $630,200 sliver bars and coin, and $1,109,731 gold. The Imports of dry goods and general merchandise at the port of New York for this week were valued at $11,227,775. Sicilian Xavelesaneaa. Spectator. The Idea of. Impartial, Impersonal law, ot Justice as between men-. Is well-nigh in conceivable to. such a people as the Sicil ians, and the society for private revenge Is the Inevitable outcome. This notion ot private revenge ,1s aided by the awful pov erty of Sicily. No one who knows any thing of the conditions of labor In Sicily will wonder that the anarchical Instincts of human nature rebel against them; for there Is a point of servile degradation and grinding toll when the red blood coursing through a man's veins will make of him an Ishmael among his fellows, his hand against every man's. If this Is true even of men In the frozen North, with their cool heads and- heavy spirits, how much more true Is It ot hot-blooded races that live In the sun, and who are glad enough of an excuse to escape from mine or work, shop and hire themselves out to an asso ciation which will revenge their own wrongs In the persons of their oppressors. This revenge the Mana can accomplish. By Its mutual confederacy. Its many- linked chain ot human connection. Its se- ' crecy (the violation of which Is punished by death). It can strike home with uner ring aim. And this Is Just what the poverty-stricken victim of misfortune calls fdr. It must be remembered that South Italy Is still virtually pagan, ynder the vest-, ments of Christian saints the old pagan deities still reign, and consequently tho Christian virtues of patience, forgiveness, brotherhood, have but little real power among South Itallanr. There Is kindliness, no doubt, but it is the heathen quality, not the renewed Christian feeling toward others. Think of men as they were when Trajan was ruling If you would enter into the spirit which creates and sustains the Mafla; but also think of the absence of that sentiment of security which animated the Roman provincial In the days ot the empire. INTO THE BIG EDDY Albany Makes a Second Suc cessful Trip. CARRIED FULL CARGO OF TIES Marechal Yllllera A-raln en Route More Long-IUnge Xltrate Charters Elphtr-Brat Grain Ship. THE DALLES, Or., April 2S. The steam er Albany, which was brought from Port land to Carry railroad material up the rapids above this city to the Paul Mohr portage" road, made an, attempt yesterday Masttr. From. Consignees. 1703IMontevIdeo 31.. 15431 Antwerp T.. Y. & Co. P. F. M. Co. IES6I Calcutta 1036 Liverpool Antwerp M.. W. & Co. B G. & Co. B.. G. & Co. M.. W. & Co. 13S1 1G63 Lonaon Hamburg Honolulu IKS ussi 210RHonolulu .1. 2350 Shanghai- T.. Y. & Co. 22SS Nagasaki 2062 Cardiff 2097 Honolulu Shanghai Shanghai 1718 2009 ISTOIKIao Cbou 206X Hamburg 551 E. Baker 1776Shanghai 190W Nagasaki lS95HIogo l'OSlShanghal 1914 Hong Kong 1S79 Nagasaki 2211 Shanghai 25is!snanghal l55IYokohama T.. Y. & Co. 21 p737IHong Kong 1502! Honolulu 1726 Japan Hlogo 2174 Shanghai 95SIHcnolulu 15$6iCape Town 1467Honolulu 1543IHong Kong lQllTsmtau ISOSIShanchal 23 20KtlNcwcastle 1535 Shanchal 135S)Yokohama 15G9 Sta. Rosalia 1704INagasaki 17M)IShanEhal IMO'Sta. Rosalia 1510 Klao Chou 224SISta. Rosalia lM2HonoIulu $. 1 15731 Hamburg 143SIHIogo ITlljSantander M., W. & Co. time In 1S99, 18,440. Same time In 1S33, 47,761. IX THE RIVER. From. Agents or Charterers. Berth. 1214' Honolulu Honolulu Shanghai Nagasaki K.. G. & Co. Astoria Elevator Irving Stream Elevator Astoria. ilfSO P. F. M- Co 11738 G. W. McN. Glrven'& C 1332 192S1 Honolulu Hong Kong Port G. Co. time In 1809, 19,577 tons. Same time In Master. From. Consignees. l2193London 551 111 R. P. Rlthet R. P. Rithet 19331.Cardlff 1337CardIff 1221 19371 Liverpool 90 1G08 Hamburg M..W. & Co. 19971 -87 Liverpool 271' Shanghai Hlogo Rotterdam 2079' 1297 M.. W. & Co. 1786 Antwerp 2962; Antwerp Cardiff 11703 M.. W. &,Co. 16021 Hamburg 1477London 19161 Liverpool Robt. Ward I35i)Antwerp B., G. & Co. 1S79 1127 japan ijonaon Cardiff 1519 14091Cheefoo 2OS0lShanghal 19S9Hong Kong time In, 1S99, 13,770. OX PUGET SOUND. Acsnts or From. Berth. Charterers. 2334 Liverpool K.. G. & Co. B.. G. &. Co. Tacoma 14n Honolulu 203& Liverpool Tacoma R. P. Rlthet Victoria Seattle Tacoma Tacoma 1465 Antwerp 1158 London 1031 Guatemala M..W. & Co. M..W: & Co McNcar me In 1893, 15,970. evening to climb the rapids and wag suc cessful. This morning she was loaded with railroad tie and climbed the rapids without any difficulty. The banks were crowded with people, expecting to oee her thrown back, but were agreeably disap pointed. The Albany Is the first steamboat to ever climb the rapids. Tho Regulator, of the D. P. & A. N. Co., attempted this trip some time ago, but those Interested deemed the trip too hazardous, and she was brought back. The successful effort In landing equipment will allow the port age road to be completed with greater rapidity than was expected. EIGHTY-FIRST VESSEL. Portland lias a Lonir Lead u m Wheat-Shipper. The German ship Najade, now lying In the stream ready to sail. Is the Slst ves sel of the present season's grain fleet to leave "Portland. Since the opening ot the season. July L 1900, 28 vessels have sailed from Puget Sound with wheat and flour cargoes for Europe and South Af rica. This lacks a fraction of being three to one In favor of Portland, but It is very close to It. While the season's fleet to date is a little smaller than that of a year ago, the fleet remaining since Janu ary L 1900. Is larger. Since that date 35 ships have cleared from Portland, a much greater number than has cleared from the Sound since the season opened 10 months aco. The Najade was one of the fleet leav ing here last year, and on her present voyage carries a slightly smaller cargo than she did a year ago. At that time she carried 101.920 bushels- of wheat, while on her present voyage she will clear with 101,300 bushels. LOXG-RAXGE CHARTERS. Xltrate Men Are Still Strengthening Freight Market. The Brlttoh ship St. Mungo, which left Portland last December with a cargo of wheat for Queenstown or Falmouth for orders, has been chartered to load nitrate at a Wast Coast port in May-June, 1901, at 30s 3d. The vessel Is a 3000-ton carrier, and the rate shows that the foreigners have considerable faith In freight hold ing up for an Indefinite, period. Portland exporters are usually looking pretty well ahead for tonnage supplies, but they have not yet done any such long-range charter ing as has been reported by the nitrate dealers. There has been nothing done tor Portland loading for overji-week, and the only new engagement reported on the Coast Is the charter of a large pot ship In San Francisco at 40 ehillings. In tho north, rates seem to be a shade too high for either groin or lumber men, and the market is very quiet. Lumber freights for prompt loading from northern ports are -quoted as fol lows: Sydney, 53s 9d52s: Melbourne or Ade laide. 3s 9dS65s; Port Plrle, 57s 6g60s: Freemantle. 6Ss 9dfj70s: Geraldion. 703 71s 3d; West Coast. 62s Cd6c. Pisagua range; Callao direct. 61s 3dg62s 6d: Buenoj Ayres, 70sJ71s 3d; Shanghai 75s; Klao Chow, 70s; Nagasaki. 7te; Port Arthur. 70s; Tientsin, 75s; Newchwang, 70o; Vlad--ivostock. 70s; South Africa, 70sS72s Ed; U. K., S0eS2s 6d. Weddel, Turner & Co.'s Australasian Freight Report, dated London, April 10, says: South Australia. Tonnage Is now of fering for ere to U. K. Continent, but charterers have put the rate down to $29 fd. although 35s will probably be ulti mately paid. Victoria. Tonnage Is wanted for TJ. K. Continent at 27s 6d. less 1-7 direct. Cape demand has eased off. New South Wales (Sydney). A prompt handy ship has been taken for London at 43a. Later tonnage Is not worth more than 47s 6d. Newcastle. San Francisco eteady at un changed rates. West Coast steady at 18s 9dnas. Java still taking- steam tonnage at lSs SdglDs. Queensland. There Is no immediate pros pect of further tonnage being required. New Zealand. Another handy ship has been placed at 3Sj 9d. EARXIXG BOUXTT AGAIX. Marechal de Vllliers Resumes Her Voyage to Portland. The French bark Marechal de Vllllera, which left St. Nazalre August 10. 1S93. for thl port, and put into Montevideo, has .resumed her Journey. She made a long voyage of three months In getting as far along as Montevideo, and then put in nearly five months In the South Amer ican port waiting for repairs. If the lat ter part of the Journey takes up as much time as was occupied by the first stretch, the vessel will get In a whole year on the voyage. She was chartered at a com paratively low rate when she sailed away from the French port tast August, but since her departure rates have advanced to such an extent that she Is worth about $3)00 more to her charterer than she was when she put Into Montevideo. This is hard on the owners, for, unfortunately, the French bounty does not provide a per diem subsidy while ships are In port undergoing repairs. The Marechal de Vllliers was ohartered at 333 9d. and from present Indications this will be about the cheapest ship that loads (rraln In tho Pacific Northwest during the year 1900. Tides at Astoria. (Week beginning April 30.) DAY. High water Monday Tuesday Wednesday ... Thursday Friday ... .... Saturday Sunday Low water Monday Tuesday Wednesday ... Thursday Friday Saturday Sunday um 2:07 2:53 7.2 6.9 6.7 6.5 6.3 6.3 6.4 2.6 3.0 3.4 3.7 3.9 1:40 2:21 3:44 3:05 4:36 3:51 5:20 4:45 5:50, 6:27 7:24 ':53 -1.0 7:43 8:32 9:19 10:13 11:16 8:41 -0.9 9:2S 10:14 11:01 11:52 0:23 12:46 1.6 Tvro Dig Tides. The highest tides of the season were due this morning and tomorrow morning. At 12:20 this morning and 1 o'clock to morrow morning, the height at Astoria Is given at 9 feet 6 inches. If the weathet conditions are favorable, this will prob ably be the best opportunity that will present itself for freeing the lightship from her beach anchorage at the mouth of the river. Domestic and Foreign Ports. ASTORIA. Or.. April 28. Arrived Tug Samson, with barge Washtucna, from San Francisco. Arrived down at 2:20 P. M. British bark Inverness-shire. Ar rived down and sailed Steamer State of California, for San Francisco. Condition of bar at 5 P. M., smooth; wind, north; weather, clear. San Francisco, April 28. Sailed Schooner Occidental, for Gray's Harbor; steamer Columbia, for Portland; barken, tine Catherine Sudden, for Cape Nome; steamer Washtenaw, for Tacoma: bark Harvester, for Karluk. Arrived Ship Lu clle, from Seattle. Arrived April 27 Steamer Rival, from WHIapa Harbor. Port Los Angeles Sailed April 27 Steamer Mlneola, for Comox. San Diego Arrived April 27 British steamer Belgian King; from Fortland. Yokohama, April 28. Arrived previously Steamer China, from San Francisco via Honolulu, for Hong Kong. Hong Kong. April 28. Arrived previ ously Hong Kong Maru. from San Fran cisco. Honolulu and Yokohama. Brisbane, April 28. Arrived Warrlmoo, from Vancouver. Yokohama Sailed April 26 Sikh, from Hong Kong for Tacoma. NOT SO READY, NOW. Benevolent Desire to Impart Infor mation Receives Check. In a comfortable villa on the outskirts of the thriving town of Smartun lives an elderly gentleman of Independent means, whose chief occupation. In fine weather. Is to wander about the neighborhood im parting bits of useful Information to the resident rustics. That Is to say, he used to do so until very recently, but his de sire to enlighten the minds of the people has received a rude. If necessary, check. Last week, while walking along the high road which leads from Smartun to King's Bunker, he noticed a man. attired in rough garments, sitting on a fence and gazing open-mouthed at the rows of telegraph wires stretched along one side of the road. "Looking at the telegraph wires, my man?" Inquired the philanthropist. "Yesv sir. I be," was the answer. "Watching to see one of the many mes sages pass along, I suppose?" "Well. yes. sur. I be," and the man smiled as he replied. "Ah. I'm afraid you won't see that.' and then. In plain, simple language, the old gentleman explained why the messages were Invisible as they flashed along the wire; how the electric current was gene rated, and how its alternate transmission and stoppage formed the signals which stand for letters and words, etc The IltUe lecture finished, he said: "Now. I think, you'll understand some thing about the electric, telegraph, eh?" "Yes. sur, thank'ee kindly. I think I shall." "Are you looking for a Job?" was the next inquiry. , "No. sur. I've got a pretty stlddy Job Just now." "What are you working at?" "Well. I've "been on the Post Office tele graph construction staff for 'nigh on five year now, sur. Me and my mate who's up that third pole are putting up a new wire from King's Bunker right on to Wor cester." Scraps. Some of the London doctors are going in strongly for a new and fashionable cure for their adult patients who suffer from indigestion, .etc. They prescribe a quarter of an hour's vigorous exercise In the morning skipping ropes. DISTRUSTFUL OF RUSSIA JAPAXESE FEAR THAT THE CZAR IS NOT SIXCERE. Trouble Thonght to De Temporarily Averted, bat "Last Bond May Be Broken at Any Time.' Late flies of the. Japanese papers re ceived by the Oriental liner Braemar In dicate that the threatened war with Rus- sla was regarded with considerable ap - ..., ,!,.., -n-t.it. i. i. k-,i....j o... . prehension. -h!le It is believed that a peaceable settlement will be effected, at least temporarily, the tone of the Japanese editorials show that there Is a strong un dercurrent of distrust. The Kobe Herald, I In commenting on the movement of the Russian fleet, says: ZTl 7 . . .Cr: . . . . , ",.?'. '"' , "" a . m;"f . rea at the present moment. V, hat she 4s E, '" 5"""" n 'hlch th? h!rh v S LL ""i ,"P' n"2 7;hZj,LaJ .Wa5 W,5E ....... .w. ....,.,, ,o .i,. ,cu. ilra reports from Toklo of activity among- the war officials and the heads of the army and navy departments are authentic, and. as we Judge, are quite correctly associated with the course of events In Corea as like ly to be affected by Russia's present movements there. The situation. It seems to us. Is simple, as it has consistently been since the fears of trouble between the two countries first assumed definite shape. Marquis Ito, in an Interview the ether week with the representative of a leading American Journal, p'uts the matter plain ly, and we should hope the candor of his statement does not render liable to depre ciation. The Marquis, who is, of course, as competent as any of his official con temporaries to state the "true Inwardness of the Russo-Japanese situation, says that: The current rumors that war Is Imminent between Russia and Japan are without foundation. They are merely the outcome of newspaper writing. At the present mo ment an agreement exists between Russia and Japan to the effect that neither coun try shall encroach on Corea; and Japan must believe that Russia Is sincere In her promise to keep the pact. The new Rus sian Minister to Corea. before going to take up his appointment, went to Toklo first to consult regarding the International arrangement. The relations between the two countries were most friendly." This Is the position as we take It- Japan at this hour time may modify her Intentions does not desire war, and will not take any step to bring It. Russia, she kndws. is prohibited by the existing convention from doing tho thing that will compel her to go to war; that Is to say, Russia In the con vention signed away her title to interfere In Corea her Interference there being tho one present development that would com pel Japan to contemplate war. Marquis Ito says Japan 'must believe that Rursla is sincere In her promises to keep the pact.' Is Russia sincere? This is the cru cial point. If she Is, -her present move ments In Corea and on the Corean coast are of no Importance; they mean nothing and will be followed by no serious devel opment. If Russia Is not sincere, her movements in Corea mean that Japan may have to face the only situation which will cause her to enter Into war, at any mo ment. From what Marquis Ito says. It might almost be Inferred that Japaneso statesmen believe that Russia Is sincere In her promise to keep the pact." But do the preparations In Japan Indicate that her statesmen believe Ru.sla to be sincere? We hardly think so. Doubtless they hope she Is, but meantime they consult secret service maps, and put the Toklo arsenal to work night and day. Japan Is compelled by the painful facts of history to doubt Russian bonds, and at this hour she ap prehends that the last bond may be broken at any moment. The whole question, therefore. Is of Russia's sincerity, and on a fair and reasonable Judgment It seems too much to hope that that sincerity will stand the test of an unoccupied Corea 11a- We to Japanese absorption. To our mind . LiapanT .r1? . "if, V r31.10 h0pe RS'a WlU be hon: est. This may not be the precise moment when Russia can crown dishonesty with that success which, according to the prin- clplcs of a certain casuistry, is the only lustlflcation of dishonesty. But If not now tt will be-another time-when Japan wjll be less-able to prove that honesty, after all. may be the best policy. The Osaka Mainichl says the Japaneso Government has been paying close at ten- tion to Russian movements In Corea. Cab- inet members have been very busy and ex- jumfltcrs nave also oeen present at some of the meetings. Several staff officers have been seen frequenting the Foreign Affairs Department of late and a minister ial conference was held at tho official residence of the Premier on.Monday, when Viscount Aokl, Foreign Minister, Viscount Katsura. War Minister, and Admiral Yam- RrLnL 4 i-5kj8 HUDYAN cures headaches and dlzslness (5). hollow tyea and sunken cheeks (I), fluttering of heart (3), Indigestion (2), torpid liver (1). Weakness, paleness, emaciation, that feeling of exhaustion, constipation, loss of appetite, trembling hands, nervousness, tendency to faint all these are perma nently cured by HUDYAN. for they are all weak-nerve conditions. P.FT HIlfWAM From your druggist. 50c a package, six packages tor $150. If ULI UULMrtn your druggist doco not keep it, send direct to the HUDYAN REMEDY CO., cor. Stockton. Ellis and Market sta.. Ban Francisco, CaL YOU MAY CONSULT HUDYAN DOCTORS FREE OF CHANGE. WRITE. i ' II ti nTT-pn vrrr -r.MMi with night fulness, aversion to society, which deprive you of your manhood. UNFITS YOU FOR BUSINESS OR MARRIAGE. MIDDLE-AGED MEN who from exctsses and strains have lost their MANLY POWER. BLOOD AND SKIN DISEASES. Syphilis, Gonorrhoea, painful, bloody urine. Gleet. Stricture, enlarged prostate. Sexual Debility, Varicocele, Hydrocele, Kidney and Liver troubles, cured WITHOUT MERCURY AND OTHER POISONOUS DRUGS. Catarrh and Rheumatism CURED. tr. Walker's methods are regular and scientific. He uses no patent nostrums or ready-mada preparations, but cures the disease by thorough medical treatment. His New Pamphlet on Privato Diseases sent Free to all men who describe their trouble. PATIENTS cured at boms. 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. amoto. Naval Minister, were present. It Is not yet clear whether Ruseia is aim ing at the pocxessIon of, an island or a port in Cores, but it Is dulte probable that she Intended to secure a point near Masampo In the vicinity of which are several ports suitable for a naval station. If Ruseia belies a port there, probably Japan will not stand aside simply looking on. It is not definitely known what the attitude of the Japanese Government Is. but It Is preparing In earnest for any possible issue of affairs. The Asahl says: It was expected that the Ruesian squadron's movements In Che mulpo and their concentration at Masampo afterwardn would result in a renewal of the Masampo controversy. The Russian Commander-in-Chief proceeded to Seoul lately, and rumors of hla making de- I .il .,,rt ,.u ,", IT manas relating to the Masompo affair are i .- aH -vr-,i,.i r,m hif current. Field Marshal Oyama, chief staff officer, was closeted with Viscount Katsura, War Minister, and Admiral Ya mamoto. Naval Minister, at tho General Staff Office on Monday morning. Another 1 meeting was held at the official residence of the Premier In the afternoon, when th War and aval Ministers and Viscount Aold. Foreign Minister, were present. Rear-Admiral Ishun. iond naval staff . offlr. wh a bundle of documents and maps, accompanied by Mr. Furulchl. Vice- . ..,-., f rnminiinlmllnTHi mr. K meeting, and a secret conference was held. The matter was ogam. Introduced at the Cabinet meeting and was discussed, cleaT ly pointing to an Impending crisis In Cor ean affairs. The China Gazette says: We understand that the orders of the Italian fleet, por tions of which have arrived at Hong Kong and Singapore on their way home, have been countermanded, ar.d all the ships have been ordered to return to China waters. There 1? no reason on the surface apparent for this umunial movement, ex cept it be that over 50,000 Russian troop3 have, within the past few months, been sent north by the railway from Port Ar thur very quietly, and that the residents of Port Arthur itself do not know their precise destination, except that it is on the Corean and Manchuria frontier, while all the chips of the "Russian squadron, seven hi number, which are anchored at Port Arthur, have suddenly received orders to call for Corean waters. It Is generally believed that the rendezvous is either Quelport or Masampo. PROVED HIS INNOCENCE. Cotvboj- Shown Tunt He Did Xot Try to Shoot n Brakemnn. Jack Vance, a cowboy from, the ranch of the Butte Creek Cattle Company, was on trial recently at Alliance, Neb., on a charge of shooting at a brakeman on the Burlington railroad, with Intent to kill him. He had -received his pay a few days before, and was engaged at the time ot the shooting in the picturesque pastime ot painting the county red. Vance vehemently denied any intent to perforate the brakeman. He told the court that whle it was true that he did take out his revolver and shoot after the brakeman had pushed him off the train, he was mere ly giving a prearranged signal. He and a friend had been down the road a few miles and wanted to ride back to the near est station to the ranch. Realizing that if they were found by any of tho train crew, they would be put off. they had ar ranged that If one was put off the train he should notify his partner by firing his revolver once. The trainman, with visions of what he firmly believed was a narrow escape from death, shook his head, and the Judge looked unbellevelng. Vance's cowboy friend corroborated the story, but seeing that his tale failed to receive credence the defendant asked the court to please step outside. The Judge asked what for. "I'll prove my innocence, your honor," Vance said. The court was curious, and went out side. So did the Sheriff, lawyers and spec tators. Vance pulled out his revolver, and holding a postage stamp between the fin. gers off his left hand, clipped off each cor- , tot t suspend a hlckory nut Irom a thrcad. talking off 20 feet, he wheeled. ' and nt the flret shot cut t11 thread- Tak" ns- six tacks he placed them loosely In a ,eco ot WOO(L he Iaccd a ,nst a , ost yards away. Borwinf. watcn froA a bystander he opened ,t ana uslns tne ease for a ml 6hot th hi3 back t0 the mark and drove eacn tack ,nto tn , ood wIthout a mIs5. . Tne brakcman had been looklne on in open-mouthed wonder. As Vance conclud- ed the brakeman stepped up to the Judge, and tapping him on the arm. said: I "Yer yer honor, I guess I was mistaken. That man wasn't shooting at me." New York Sun. I . Patrons of a theater can And use for a new chair attachment, comprising a flat box secured to the back of the chair, with a pair of lazy tongs pivoted In the box to carry a mirror, which can be adjusted to the right height for use. Tt CLOUDED MEMORY WANT OF ENERGY LOSS OF STRENGTH Hudyan Cures HUDYAN, through. jinfluence ovm ' the nerves and nerve centers, reaches every organ in the body in its curative influence. HUDYAN builds up every part of one's system; HUDYAN establishes health on a permanent basis. A weakened or diseased condition of the nerves or nerve centers is the cause of most miseries, for the nervous system exerts a wonderful influence over the entire body. The proper development of mind and body depends upon healthy nerves. HUDYAN cures all weak-nerve condi tions. A good digestion, a perfect heart, a proper action of liver and kidneys, are established by HUDYAN. TWENTY YEARS OF SUCCESS In the treatment ot chronic diseases, such as liver, kidney and stomach disorders, constipation, diarrhoea, dropsical swellings. Ilright's disease, eta KIDNEY AND URINARY Complaints, painful, dluicuit, too frequent, milky or bloody urine, unnatural discharges speedily cured. DISEASES OF THE RECTUM Such as plies, nstuia, fUsure. ulceration, mucous and bloody discharges, cured without the knife, pain or confinement. DISEASES Or MSI Blood poison, tilcei. a.r.nuro, uuiaiural losses, Ixn potency. thoroughly cured. No failure. Cures guar- emissions, dreams, exhausting drains, huh. u A A 4 L jgj ,jt.jkJraar8fti i i i nii -YAw? BMiUHiiliifc ,inn ji ut'M'iMl"4Uay& amiii&L -J-li'SI.-J... iSjMii.. mMthUi-. -(W , .?: rtftt ,'t- , W-.