22
THE SUN-DAT OREGOXIAN, POBTLAIO) JUISE 10, 1900;
BIG WHEAT CARGOES
Lydgate Clears With Nearly
4400 Short Tons.
BEATEN BUT TWICE THIS SEASON
Forty -IVlne Cargoei la Excess of
100,000 Bushels, Have Cleared
Tain Season.
The British bark Lydgate cleared yes
terday for Queenstown or Falmouth for
orders with 145,766 bushels of wheat, val
ued at JS1.W0. She was dispatched by Glr
vln & Eyre, and, with two exceptions,
carries the largest wheat cargo that has
left Portland this season. The largest
cargo leaving here since July 1 was that
of the Royal Forth, which also had the
distinction of being the largest wheat
cargo ever taken out of Portland pn a
sailing vessel. The Royal Forth carried
172,029 bushels of wheat, and went through
to Astoria without lightering a pound.
The Lydgate will also go through without
.lightering, her draft being 22 feet 11 inches,
while that of the Royal Forth was 23 feet
2 Inches. Next in sire to the Royal Forth's
was the cargo of the Bermuda, which con
sisted of H6.G65 bushels. The Lydgate,
howex'er, is the best carrier of the trio for
her registered tonnage, as she is but 2350,
while the Bermuda, which carried less
than 1000 bushels more than was taken
by her. Is of 2623 tons' register, and the
Royal Forth Is over 29W tons' register.
"While these three cargoes are the only
ones in excess of 140,000 bushels that havo
left Portland this season, there ore up
ward of a dozen which have left here with
cargoes in excess of 130,000 bushels, among
them being the Muskoka, 130.14S; Scman
tha, 133,054; Durbridge, 135,122; Comllebank,
130,030; Garnet Hill, 134,223; Ancyra, 133,570;
Donna Franclsca, 131,616, and Inverness
shire, 137,338. Since" the opening of the sea
son, 49 cargoes In excess of 100,000 bushels
have cleared from Portland.
FOR NEXT CENTURY.
"Wheat Ship Chartered to Load la
Jannnry, lOOl.
A wheat ship for next-century loading
was reporteU chartered Friday. This is
not the first plunge that has been made
bo far in the future this season, but there
1b added Interest in this case through the
tact that the rate paid is the highest that
has yet been reported for a ship so far
away. The vessel, which is a 2D0Mon car
rier, is reported to have received 40s, or it
she arrives a month earlier, 41s 3d. There
Is no near-by tonnage ottering at less than
42s Cd, and most of it is asking 45s. As a
general thing, shipowners are insisting on
42s 6d for anything this side of December.
The high rates for wheat ships are mak
ing It difficult for lumber-dealers to se
cure freights at reasonable rates, and very
few ships are offering. For prompt load
ing at Northern ports, lumber freights
are quoted as follows: Sydney, 52s 6d0
53s 9d; Melbourne or Adelaide, 60sg62s Cd;
Port Pirle, 57s CdCOs; Fremantle, 70s; Ger
aldton. 71s 3d; West Coast, 62s CdCs;
Plsagua Range; Callao, direct, 63s Cd;
Buenos Ajtcs, 70s5?71s 3d; Shanghai, 67s Cd
70s; Kiao-Chou, 70s; Nagasaki, 63s; Port
Arthur, 70s; Tien-Tsln, 75s; Taku. 70;
Newchang, 70s; Vladlvostock, 63s; South
Africa, 72s 6d(ff73s; United Kingdom, S2s 6d
ANOTHER FAST TASSAGE.
Jalex Verne Mnkes the Ran
to
QncctiiitoiTii In 113 Days.
Three more of the Portland grain fleet
reported out yesterday, one of them the
French bark Jules Verne, making a rat
tling passage of 113 days, which is getting
down pretty close to the best of the sea
son. The belated Glenholm. which was the
second January ship to leave Portland, ar
rived out at Queenstown Friday, after a
passage of 157 days, one of the slowest of
the season. The Cralgmore, which was
also one of the January ships, arrived out
at Falmouth Friday, after a moderate run
of 132 days good time In former seasons,
but pretty slow Just now. The arrival of
the Cralgmore and the Glenholm cleans up
the January ships, with the exception jof
the diminutive bark Hyon, whose German
eklpper used to argue long and loud with
the master of the Jules Verne as to how
much faster the Hyon was than the Verne.
Marine Notes.
The Columbia was late yesterday, owing
to a delay in leaving San Francisco. She
reached Portland about 10:30 last evening;
Captain George Conway, superintendent
of the O. R. & N. water lines, is at Ri
parla, looking after the company's Inter
ests on Snake River.
The German ship Nesala finished loading
yesterday afternoon, and will probably
clear this morning. The East African will
be next on the list to clear.
The German ship Mabel Rlckmers is due
from Astoria this morning. She will go to
the Elevator Dock to discharge, and will
load wheat at the same berth.
The big turret' steamship Inverness
passed down through the bridges yester
day, after taking on a part cargo at the
Inman-Poulsen mill. She will finish load
ing down at the North Pacific mill.
Tides at Astoria.
JgTgek beglnnlngMonday, June lL
DAT.
Hlph Water
Monday Tuesday
Wednesday ...
Thursday
Friday
Saturday
6unday
Low water
Monday Tiiesday
Wednesday .....
Thursday
Friday
Saturday
Sunday ... .....
12:25
6.2
11:36
S.G
6.5
6.1)
7.2
7.5
7.7
8.0
3.7
3.7
3.5
3.3
3.0
i
2A
1:09
1:51
0:18
1:00
9 2:32
1:45
3:12
2:32
3:25:
6:071
3:54)
:.
5:43
6:35
6:4
7:25
S:05
7:201
8:
S:56
9:50
8:45!
927
10:10
10:46
Baric Harvester "Wreclced.
SAN FRANCISCO. June 9. The bark
Harvester, well known at this port, has
been wrecked on Seal Rocks. 60 miles
from Newcastle. Australia. The nws
came in a cablegram received today from
Newcastle. The bark was bound from
Delagoa Bay for Newcastle to load coal
for Honolulu. She went ashore on Seal
Rocks, and Is a total loss. The crew of
the vessel was saved.
The Han-ester was a familiar vessel to
shipping men at this port, as she had been
In the Pacific Coast trade for many years.
She was owned by A. P. Lorentzen, of
this city, and was commanded by Captain
Edwardson. She was a wooden vessel of
157S toes.
Domestic and Foreign Ports.
ASTORIA. June 9. Arrived In at 11:30
and 'eft up at 3:10 Steamship Columbia,
froiv an Francisco. Left up at 7:30 Ger
man ship Mabel Rickmers. Condition of
the bar at 5 P. M., smooth; wind, north
west; weather, clear.
Falmouth Arrived June 8 French bark
Jules Verne, from Portland; British ship
Cralgmore, from Portland.
Port Townscnd Sailed June S Bark J.
D. Peters, for Ladysmith.
Seattle Sailed June s British ship El
ginshire, for Queenstown.
Kinsale Passed June 8 British ship
Glenholm. from Oregon for Queenstown:
British ship Lamorna from Tacoma for
Antwerp.
Vladlvostock. June 9. Arrived Steamer
Leander. from Tacoma.
Antwerp Arrived June 7 German ship
Aldebaran, from Oregon.
San F-anclsco, June 9. Arrived
Steamer 3tste of California, from Port
land; steamer San Mateo, from Nanaimo
Sailed Bark Antiope. for Chemalnus.
Caleta Buena Sailed April 2S Bark Ber
tha, for Port Town&end.
London Sailed June S Ship Ilala, for
Vancouver.
Queenstown, June, 9. Arrived British
ship Glenholm, from' Oregon, and failed
for DubMn: British ship Lamorna, from
Tacoma, and sailed for Cardiff.
Vladlvostock Arrived June 1 Tyr, from
San Francisco.
Hong Kong, June 9. Arrived previously
Coptic, from San Francisco via Yoko
hama. Liverpool, June 9. Arrived Lucanta,
from New York. Sailed Umbria, for New
York. Sailed June 8 Georgic, for New
York.
Antwerp, June 9. Sailed Westernland,
for New York.
Havre, June 9. Sailed La Champagne,
for New York.
New York. June 9. Sailed Mtsaba, for
London; Leurentlan, for Glasgow; Staten
da, for Rotterdam via Boulogne; Etrurla,
for Liverpool; Island, for Copenhagen;
Pretoria, for Hamburg via Plymouth and
Cherbourg.
Hoqulam Arrived June 7 Schooner Vo
lante, from Son Francisco for Aberdeen.
Southampton, June 9. Arrived Ken
sington, from New York, for Antwerp
Hamburg, Juno 9. Arrived Deutsch
land, from New York.
New York, June 9. Arrived Campaign,
la, from Liverpool; Astoria, from Glas
gow. New York. June 9. Arrived St. Louis,
from Southampton.
ENGLAND AND RUSSIA.
Their Rlvalrr Mast Be Snmbltted to
Arbitrament of the Sword.
In a fiery and vigorous article in the
June number of the North American Re
view, Demetrius C Boulgcr makes the
confident assertion that the time has ar
rived when the rivalry between England
and Russia must be submitted to the ar
bitrament of the sword. Russia's move
ment toward the Persian Gulf and toward
Herat, and her action In Manchuria con
stitute a distinct and deliberate attack
on the position of Great Britain in Asia
which should be resented. I.. Mr. Bolger's
judgment, England has nothing to fcir
regarding the result of nn encounter with
Russia, aa she would not lack allies:
"The Ameer of Afghanistan has hi tin
ger on the pulse of Islam. He know. it
throbs with hatred for the Russian. Would
Turkey keep aloof from the movement
under the green flag of the prophet that
promised her revenge and relief from suf
focation? The participation of France in
tho struggle entails the alliance of Italy
against her, and a niore rap... clearing
of the Mediterranean. The war could not
be many weeks old before these aU'nnces
would pacs Into the sphere of accom
plished fncts. After its development by
successes on the sea and at Port Arthur,
there would be still more powerful Eu
ropean alliances at England's disposal.
Finland would be a warning to Sweden
and Norway if Russian movements on the
Mourman Coast rendered any further
warning necessary; and the fine Scan
dinavian people fould not be backward In
participating In a movement that prom
ised to dispel the danger of annexation,
with which they are repeatedly threatened
In a wanton and bullylnjr spirit. Nor i
it conceivable that Austria, which is t'ed
to the triple alliance without palnlnc much
benefit from it. could ptnnd aloof when fo
favorable an occasion presented Itself
to relieve the pressure on her eastern bor
ders, and to take part in a resuscitation
of that kingdom of Poland, with the down
fall of which commenced her own deteri
oration." HEAVY RAILROAD EARNINGS
Grain Bnslnes Smaller, ltnt Other
" Traffic Wns Enormous.
NEW YORK, June 9. Dun's Review to
day says:
Many railroads reporting monthly earn
ings have reported for May and total
gross earnings of all United States roads
Included are $45,451,795, a gain of 9.5 per
cent over last year, and 10 per cent over
189S. The roads reporting embrace 90.000
miles nearly one-half the total mileage
of the United States and many leading
systems.
Traffic last year was remarkably heavy,
and the Increase In earnings this year re
flects greater improvement. Grain move
ment in the West during May waB much
below preceding years, jtet granger roads
report an increase in earnings of 3.5 per
cent over last year, and 12.2 per cent over
1S9S. In the South the cotton movement
was reduced, but net earnings are 6.6 per
cent over last year, and 19.9 per cent over
1S9S. The movement of other classes of
freight has been enormous this year.
Central Western and Pacific Toads report
the largest increase In earnings, while on
trunk lines. Southern and Southwestern
roads, earnings are considerably above
last year, and very much larger than In
1S9S.
In the following table, earnings of roads
reporting for May are compared with last
year:
Trunk. 1900, 59.747,321. gain 5741.000, 8.2 per
cent; other Eastern, 1900, 51,579,367, gain
5283,055. 21.8 per cent; Central Western,
liKW. 57.779,314. gain 5966,054. 14.2 per cent;
grangers, 1900. 54.4SS.407, gain 5149,973, 3.5
per cent; Southern, 1900. 59,891,427, gain
5614,718, 6.6 per cent; Southwestern, 1900.
56,S9S,507, gain 5390,374. 6.1 per cent; Pacific.
1900. 55,057,432. gain 57SL031, 18.3 per cent;
United States roads, 1900. 545,451,795. gain
53,931,52S. 9.5 per cent; Canadian, 1900, 51.
783.000. gain 5179.000, 1L2 per cent; Mexican,
1900. 52.758,831. gain 543S.627, 18.3 per cent
Total, 1900, 549.993,626, gain 54,549,165, 10 per
cent.
A Jeroboam.
Cassell's Magazine.
Jeroboam is reputed to bo the largest
wine bottle known. It resembles an ordi
nary champagne bottle very much magni
fied, but it Is now rarely seen, for mer
chants like them not they the too risky.
A breakage or a crack in the cork would
mean eight times the loss of an ordinary
bottle. Some unknown wit In past years
dubbed such large bottles Jeroboams from
the name of the Hebrew king who made
Israel to sin. There was so much wine In
the big bottles that they caused people to
be drunken, for a bottle once opened could
not be closed, and the name has stuck,
though the bottle has almost gone. Mag
nums may be more frequently seen. They
are equal to two ordinary bottles and com
mand the price of two. and are used for
One clarets, champagnes, and hochs. Dou
ble magnums, again, contain as much as
four ordinary bottles. But the tendency Is
to avoid altogether the use of large bot
tles, and to keep the ordinary sizes, six of
which contain a. gallon 1. e. about 26 aaZ
a half fluid ounces each. With some
wines, bottled abroad, the tendency is to
use smaller bottles stilL The worthy house,
holder, therefore, who thinks he has pur
chased certain light foreign wines very
cheaply, would probably find. If he were to
measure the quantity, that he has really
paid a hich price.
One sound reaecn for the rare Jeroboam
and the little seen double magnum Is that
good wine matures best In -big bottles.
Nevertheless, we can imagine that in for
mer days a sparkling dinner table might
be furnished forth with the huge bottles to
give promise of plenteous drinking as well
as of well-matured wine.
Their Verdict.
The Argonaut.
A gem from the records of a Mlourl
court, given In en address by Hon. William
H. Wallace, is the following lucid verdict
in a lunacy case: "Wo, the jury, empan
eled, sworn and charged to inquire Into the
lnsangulnlty of Hezcklah Jones, do oc
cur In the affirmative."
FINANCE AND TRADE
London Was a Libera! Seller
of Stocks.
SPECULATORS BECOMING NERVOUS
Fear That Some TJalcnovra Factor Is
InflaenclnK Liquidation Xctt
Tork Bank Statements.
NEW TORK, June 9. Those who ex
pected the bears who sold stocks short
In large volume during the final dealings
yesterday would scamper to cover their
shorts today, and work a sharp rally
to close the week, were disappointed. The
depressed condition of foreign stock mar
kets continued today In spite of the
rather more assuring opinions for a
peaceful outcome to affairs in China, so
far as the interests of European powers
are, concerned. Selling for London ac-
TONNAGE EN ROUTE AND IN PORT.
Vessels Chartered or Available for Grain Cargoes
From the Northwest.
FOR rOItTLAXD.
Flag,
and rig.
Name.
Mar. 25IMareehal ViHlrs
Fr. bark
Rlonald
Caddell
Manson
Barrett
Kuhlmann
Jones
Hearn
Crowcst
Griffiths
Word
Atkinson
Tyers
Baake
Leopold
Crowe
Jenkins
Flndley
Bohrlntr
Rubarth
Shoemaker
Jan. lllPifeshlre
Feb. 12 Penthcsllea
Feb. 14 Deccan
Br. bark
Br. ship
Br. ship
Ger. ship
Br. bark
Br. ship
Br. ship
Br. ship
Br. ship
Br. ship
Br. ship
Ger. ship
Ger. ship
Br. ship
Br. bark
Br. ship
Ger. ship
Ger. ship
Alice
Australia
Genista
Leicester Castl
Mar.
5RIversdale
Conway
Franklstan
Orcalln
May ic
IRlckmer Rlckmers
June SiRlgel
Semantha
IW. J. Plrrlo
IHarlech Castle
ISlrlus
IRobcrt Rickmers
Carl
IClan Macpherson
IStjorn
ISutherlandshlre
Uuplter
IMarion Llghtbody
INlthsdale
IBowman B. Law
lArdencralg
(Centurion
IDalcarnle
lOlga
lOcterbek
IPort Caledonia
IDechmont
Queen Victoria
Astracana
May 191Luclpara
lAndreta
ICounty Edinburgh
IKurope
ILangdale
iNorma
INomla
May 12lAmlral Courbtt
April 6La Fontaine
Uuimon
Ger bark
Br. shlo
iMcDonald
Nor. bark
Elllngsen
Nlcolt
Funder
Br. ship
Dan. ship
Br. ship
Br. bark
Br. bark
Br. ship
Br. shin
Cordlnar
Steven
Gulllson
Cairns
Collins
Br. ship
Jones
uer. bark
Kneel
Ger. bark
Glescke
Br. bark
Br. ship
Br. ship
Br. ship
Br. bark
Br. ship
Br. ship
Fr. bark
Br. ship
Br. bark
Ger. bark
Fr. bark
Fr. bark
Br. ship
Br. bark
Anton
Elstan
Harden
Griffiths
Witt
Ritche
Todc
Muller
Hunter
McDonnell
Rowehl
Conna
Haumond
Milne
Crowe
IMuskoka
Total tonnage en route. 85.113.
GRAIN TOXJTAGE
Name.
Flag
and rig.
Master.
May
May
May
May
May
May
May
May
June
9!Argus
101 East African
KILizzIe Bell
221 Lydgate
22INea!a
24!Gnlgate ,
2SjPlnmore
Br. ship
Hunter
Decent
Whelan
Jones
Plander
Griffiths
Maxwell
Nicoll
Bandelin
ur. harK
Br. bark
Br. bark
Ger. ship
Br. bark
Br. bark
31Wendur
Br. ship
SIMabcl Rlckmers iGer ship
Total tonnage In the river, 16,491.
GRAI.V TOXXAGE EX
Name.
Flag
and rig.
Mar. 51Glenogll
Jan. Slllmberhorne
April 19ICarnedd Llewellyn
Jan.29Brussels
J7.. I Wanderer
Mar. 12 Cabul
Mar. 3ltGIenard
May 61Fortevlot
Br. ship
Br. ship
Br. ship
Br. bark
Br. bark
Br. ship
Br. ship
Br. bark
Ger ship
Ger ship
Br. bark
Ger. ship
Br. ship
Br. ship
Br. shin
Stevenson
Lever
Harris
Tupman
Tonkin
Johnson
Turner
Gllmour
Seeman
Hansen
Dixon
Hashagen
Anderson
Doty
Swan
Balfour
Melkle
Corning
Fraser
Hunter
Pritchard
April 261HenrIette
Mar. 201
Rodenbek
Dunreggan
Garl
Linlithgowshire
Durham
Citv of Delhi
Mar. 14
May 11
April 4
May
llKillmallle
JBr. bark
IBrynhilda
Br. ship
Br. bark
Br. Bhlp
Br: ship
Br. bark
Br. bark
Br. bark
. I Howard D. Troop
ijueen Margaret
Ben Lee
May
17IHaddom Hall
...ISt. Mary's Bay
..I Andromeda
'Fulton
Total tonnage en route, 41,742.
GRAIX TOXXAGH
7 I
andVFg. faster .8 From. rgSSS. erth'
April 5Elginshire Br. ship Hannah 203SI Liverpool K. G. & Co. Tacoma
April 24lMount Stuart Br. ship Olsen U5SLondon K. G. A- Co. Tacoma
Mav 8 Shandon Br. ship Beard lS97Cardiff R. P. Rithet Esquimau
May 9lRhuddlan Castle Br. ship. Roberts 1993Cardlff B. G. & Co. lEsqulmalt
Total tonnage In port, 65S6.
count was on a liberal scale here "Ru
mors are disseminated to the effect that
this foreign selling is really for account
of some large New York operators at
present In Europe, and who have long
been prominent on the bear side of the
market. The fact Is that yesterday's
sudden weakness of stocks Is not under
stood as to its motive or Its course, and
current rumors represent the surmises of i
those groping for light more than any
authentic knowledge. Wall street was
rather skeptic about reports of crop fail
ure at this stage. Neither is the foreign
selling In sufficient volume to account for
the weakness. "The news of the day,
while Inclining toward depression, is of
about the same character as for some
time past, while the market has been
sluggishly indifferent.
Speculators are therefore inclined to
fear that some unfavorable factor not
yet known to the public is influencing
liquidation. The money market outlook,
beyond the immediate future. Is not al
together satisfactory. The week's addi
tional expansion of S6.4S4.000 must clearly
be attributed to renewed foreign demand
upon our credits. Estimates of the future ,
case of the local money market have
been predicted upon a cessation of this
foreign demand. The acuteness of the
stress for funds In Berlin, seems to be the
cause of new demand. If this loan ex- I
tension to foreign borrowers should con- j
continue Into the period when Nev York '
banks arc called upon to finance the crop,
movement now not far distant, a rapid
dissolution of the surp'us which was re
duced today to S1S.374.250 would neces
sarily result. I
Yesterday's additional call for $5,000.-
000 of Government deposits will bo fol
lowed by three other calls for the same
amount, thus taking up the whole of the
$23,000,010 necessary to redeem the Gov
ernment 2s which are called for August
IS. These bonds are in the names of the
banks, and are on deposit as security for
circulation. It Is optional with the barks
when they shall be presented for redemp
tion. Until they are redeemed, the call- j
ing of Government deposits from the
banks will continue to act as a drain on
the money market. The market closed
steady on a covering movement by room
shorts.
Prices of stocks are considerably lower
for the week, and ths speculative mood
continues depressed and despondent over
the uncertainties In the outlook, and the
few of decreased profits In business and
industry, and resuming drain In values.
It is to be considered that If this fear
was bicked by conviction, three would
be liquidation in force, and active specu
lation on the bear side. On the contrary,
liquidation has been restricted to Inap
preciable dribbllngs for the most part,
and the prevailing mood Ir one of apathy
and indifference. The changes for the
wck have been accomplished on a very
small volvme of business. Trading on the
stock exchange has approached the point
of absolute stagnation. Holders seem
content to hold for the present, hoping
.for better things even wi:h no present
demand for their stocks.
The Incidents of the week have been
on the side of depression, and the natural
reaction from last week's, fictitious rise
has made In the same direction. The cov
ering of short contracts which was the
real cause of that rise, left the market
technically weaker. The reduction of the
short Interest withdrew a rrop from the
market, and the taking of long lines on
the advance brought pressure to take
profits in its train. These causes ac
centuated Oe dominant influences which
were the acute stage developed In the
complications In China, and the growing
fears of a failure of the Spring wheat
crop in this country.
The market has shown Itself sympa-
Master
From.
Consignees.
,17Q5iMontevldeo
ilSSl) Antwerp
77
143 B., G. & Co.
1181 B., G. & Co.
116 M.. W. &Co.
ihKiiixmaon
lS36lHamburg
zuuzuapan
20971 Honolulu
1718 Shanghai
2009Shanghal
205SHamburg
E. Baker
liiG Shanghai
1900NapasakI
170S Shnnghr.l
1914 Hong Kong
17S9 Narasaki
2211
Shanghai
2516
Shanghai
Honolulu
1S02
173
Japan
2174
Hiogo
Honolulu
Cape Town
Honolulu
Klao Chou
9Ta
I.W.:
UTt
15491
ltfil
Tslntnu
lOSS'Sta. Rosalia
153aShanghal
J35S Yokohama
1969Sta. Rosalia
lTMINajrasakl
1700! Shanghai
1340 Sta. Rosalia
15101KIao Chou
wjfilStn 'Rfwnltn
IWHonolulu
jlKilNngasaki
M.. W. & Co.
T..Y. & Co.
ITTSIHamburg
lG7.ii Yokohama
SOTOlShanghal
20701Orlmsby
18S9 Liverpool
1299!Hong Kong
B., G. & Co.
1925
1500
1729
Kiao Chou
Nantes
Santander
Honolulu
Shanghai
1369
2259
IX THE RIVER.
Frc
Agents or
Charterers.,
Berth.
1543
15SS!
1036
2C50
Antwerp
Honolulu
Liverpool
T. Y. & Co.
IC G. & Co,
EDDlnger
Stream
Victoria
Gas dock
Stream "
Montgy
Victoria
Shanghai
Tslntau
Shanghai
Nagasaki
Calcutta
Hiogo
Girven & E.I
lC70i
B. G. & Co.
K. G. & Co.
2227
22K6
1896
1S95
McNear
Irving
P. F. M. Co.! Col. No. 1
P. F. M. Co.i Elevator
ROUTE TO PUGET SOUXD.
Master.
From.
Consignees.
2193
London
Liverpool
Hamburg
Liverpool
R, P. Rithet
M.Vw."&Co!
W
1C0S
199
2717Shanghai
1397iRotterdam
178BI Antwerp
29621 Antwerp
170SiCardiff
1602 Hamburg
1477ILondon
M.. W. & Co.
M.. W. & Co.
lSlGlLIverpool
1357' Antwerp
1879.Tapan
Robt. Ward
B.. G. & Co.
liziiixjnaon
loWICardlff
HOSCheofoo
20SOShanghal
1SS9 Honr Konj?
220t'fltn. Rosalia
1332'Yokohama
1115ICardIff
1762Shanghal
OX PUGET SOUXD.
thetic to foreign stock markets through
out. This, more especially Is due to tho
fact that some support for American
securities was looked for with relief at
tending the fall of Pretoria and the se
curity of the Johannesburg gold mines.
The new development In China has ef
fectually counteracted this expected in
fluence, and the expectations of easier
money conditions abroad have also been
disappointing. The Bank of England, by
refraining again from reducing its mini
mum discount rate, proclaimed to the
official world that It preferred to con
serve its resources for some future con
tingency. " The Berlin bourw has been in a con
dition of panic through the forced sale
of Iron shares to pay off loan obligations.
American securities have received no sup
port In foreign markets, and the selling
for foreign account in Ntw York, though
small, has been an effective element
of depression. The demoralization in
foreign iron markets has been due to
the course of prices In this country, which
promises effective competition for foreign
Iron manufacturers in their own mar
kets. The cut In iron prices announced
here had little direct effect in securities
as It had been discounted, and is be
lieved to be a step toward attracting buy
ing to meet the well-known consumptive
requirements.
No one expects buying orders will be
placed to meet this requirement until it
is demonstrated that the recession In
prices has been ended. For this reason,
a plan has found advocates In the iron
trade of a sharp general cut In the prices
to well below the price of production, in
order effectually to consume production
and work off accumulation. The conse
quences involved of throwing out of busi
ness weaker concerns, the reduced em
ployment for labor and a corresponding
train of circumstances are not viewed
with equanimity in Wall Street, even
while the desirability of a staple basis of
prices in the iron trade Is fully recog
nized. Tho Importance as a basis of prosperity
of stocks Is broutht sharply Into promi
nence by the critical conditions existing
in the Spring wheat belt. Pessimists
havo already given up the Northwest
wheat crop as a failure, and point to
the necessary results in reduced buying
power by the decline in railroad earn
ings, and so on through the complicated
channels of trade. These lamentable pre
dictions have not had great effect, as
railroad earnings are well maintained,
and the generally conservative course
which has been pursued by the railroads
of making necessary outlays during the
period of prosperity with a view to pre
paring the road to retrenchments In a
possible period of adversity afford a
buttress to confidence In the stocks of
these properties. The falling off In traffic
of the railroads and the disputes arising
at various points over competitive freight
and passenger rates have neverthless
weighed on the railroad Hat.
The placing of Atchison preferred on a
7 per cent dividend basis, and the main
tenance of the quarterly dividend on
Sugar at the 15 per cent rate only tem
porarily strengthened those stock. Th
extensive reductions in the operating ex- !
penses of the Atchison system for the
oeneiu oi earnings, lessened the effect of
increased dividend. While the American
Sugar Roflnlng Company is admitted to
be lying down in peace with Its com
petitors, only part of the competitors are
inside the sugar company, instead of all
of them, as on previous similar occa
sions. The stocks have therefore been
under pressure.
The continued reflux of money to New
York, while offering means for cheap
speculation, discourages it because It is
an Index of declining trade and business.
The bond market has been dull, but
prices have been remarkably steady.
United States 5s declined j; old 4 coupon
M. do registered ?4. and refunding 2s
when Issued 3s and new 4s M in the bid
price. The 2s advanced M.
Rank Clearing.
Tha bank clearings for the principal cities ot
tho Northwest for the week endln; Saturday,
June 0, were oa follows:
Portland. Seattle. Tneoma.
Monday ........ Holiday $ SS1.UU4 $ 2S5.511
Tuesday $ &S7.147 -HG.308 12.718
"Wednesday ... 802,274 302.158 20.I.7UJ
Thursday 201,509 2S2.D4S 2SC.031
Friday 3l.95S 270.977 10.1.044
Saturday 240.007 351.G42 197,0(0
Totals S1.810.SS5 22,221.153 $1,310.C0J
The clearings for tho corresponding- weeks In
previous years were aa follows:
Portland. Seattle. Tacoma.
1S93 Sl,oaj,lGl Sl.0ti5.500 $ 778.603
lb9S l.S 15.803 1.417.194 1,005,001
1S9T 1.220,477 '..
Tho clearings yesterday were as follows:
Exchanges. Balances.
Portland -'-UVJJ7 SG5.GOS
Tacoma 107,049 31.42-t
Seattle 351,012 a(l,u0J
SEW YORK FIXAXCES.
Surplus Reserve Sho-rr a Decrease
of Xcnrly Trro Millions.
NEW YORK, June 9. The Financier
eays:
After a three weekaf expansion in sur
plus reserve, the New York banks again
report a loss In cash held above legai re
quirements, the contraction over the past
six days having been $1,714,209.. This de
crease was due more to the operation ot
a rising deposit total than to real los
of cash, the reduction in the actual hola
lngs footing up only about $500,000. The
cash decrease is traceable to the amounts
paid Into the Treasury In response to the
call of the Secretary for a percentage
of public deposits, but these payments
were counterbalanced In large part by
receipts of funds from the Interior. Fol
lowing the expansion noted a week ago
of about 17,333,000 in loans, the same
item for the current week shows another
gain of $6,483,000, although In what chan
nels these new commitments have gone
It is not eaoy to explain.
The loan total Is now $13,000,000 in excess
of the highest record of 1899. Deposits for
the week are $5,790,500 higher, owing to
the Increase In loans, but the total does
not come up to the maximum of $914,000,
000, reached during the early part of the
year 18S9. The general trade and specula
tive situation does not sustain the theory
that the rising totals in both loans and
deposits are caused by demands from
either source, and It Is probably true thai
special operations are responsible for ths
heavy changes. The approaching July
dividend period, now less than three week3
distant, will begin to Influence the weekly
statement from thle time on. In view of
this circumstance, and also because of the
payments of the bank? to the Treasury,
and the early cessation of a flow of in
terior funds to New York, It is to be
expected that tho reports of the banks
will soon show declining averages.
Whether higher money rates are to be
looked for Is a problem that is not ca
pable of solution just now. Taking Into
consideration all that has been outlined,
and the additional fact that a Presiden
tial campaign and heavy crop movements
are drawing near, the natural inference
is that with the maintenance of a volume
of business anywhere near the present
level, money must advance If It moves
at all. The new circulation taken out
by banks will not be an appreciable factor
in stopping ordinary movements of money
over the present crop year, although it
may change to a slight extent the char
acter of the money sent West. The clr-4
culatlon taken out by one New York bank
alone amounts to more than $3,000,000.
The bank statement Is as follows:
Increase.
Surplus reserve $1,749,023
Loans 6,483,000
Specie 650.200
Legal tenders ; 37S.90
Deposits 5.590.900
Circulation 419,500
Decrease.
The banks now hold $18,374,250 In excess
of the requirements of the 25 per cent rule.
Money, Exchange, Etc.
SAN FRANCISCO. June 9. Sterling on
London, CO days, $4 85: sight, $4 SS.
Mexican dollars, 4Si549c
Drafts Sight, 10; telegraph, 12t$.
NEW YORK, June . Money on call
steady: prime mercantile paper, S&'fftti
per cent; sterling exchange steady, with
actual business in bankers' bills at $4 87
3i S7J demand, and at $4 84.55! Sti CI
days; posted rates, $4 84 and $4 $S$; com
mercial bills. $4 S35i(S4 84; silver certifi
cates, 60361c; Mexican dollars, 47V5c
LONDON, June 9. Consols, 101?J.
Foreign Financial Xevra.
NEW YORK, June 9. The Commercial
Advertiser's London financial cablegram
says:
Tho markets here were very Idle ana
heavy in tone, under Influence of the Chi
nese danger, superadded to the report
that Lord Roberts' communications had
been cut north of Kroonstad. Apparent
ly only the telegraph wfres were dam
aged. Americans dragged on, Berlin se.l
lng. Stocks In London.
LONDON, June 9. Atchison, 25: Cana
dian Pacific. 945; Union Pacific pfd. 74t;
Northern Pacific pfd, 76; Grand Trunk, 7;
Anaconda, 8; Rands, 39X.
Dally Treasnry Statement.
WASHINGTON, June 9. Ava'lnble cas-n
balance, $147.O3S,740; gold, $72,502,113.
Pointed Paragraphs.
The Ice in the lemonade isn't always
what It Is cracked, up to be.
Many an otherwise truthful dentist
claims to extract teeth without pain.
A desire to attend strictly to one's own
business Is a difficult art to acquire.
It's permissible for a girl to jump at a
proposal of marriage only during a leap
year.
Experience is a sort of pocket compass
that few people think of consulting un
til after losing their way.
A girl may mean well when she offers
a young man a generous slice of her
angel cake, but he is never quite sure
of it.
"Much learning maketh a man sad."
says one proverb, and another says. "A
little learning Is a danglrous thing," so
what are jou going to d&'aout It? Chl
cago Kcwe.
ICE IN THE NORTH PACIFIC
FURTHER DETAILS OF THE RE
MARKABLE TRIP OF THE XESS.
Steamship Frora Portland Passed
Throaxh ElgUty aillea ot the
Floating- Fields.
The North Pacific Pilot Chart for June
contains a very Interesting account of the
experience of the steamship Ness, which
sailed from Portland for Vladlvostock
last February- A brief letter Irom Cap
tain Mathlas to Mr. Henry Mett, agetu
for the steamer, has already been printed
In The Oregonian, and the pilot chart al
luded to the remarkable experience of the
steamer as follows:
The occurrence of drifting field Ice along
the transoceanic steamship routes in the
North Pacific has up to the present time
been extremely rare. No mention of such
in obstruction to navigation In the vi
cinity of Japan is made cither la the Brit
ish admiralty failing directions for this
region or In the "Sailing Handbook of tho
Pacific Ocean," published by the Deutsche
Seewarte, Hamburg. For this reason the
following letter, dated Vladlvostock. Si
beria. March 22, 1900, and addressed to the
United States Hydrographic Office by
Captain John Mathlas, F. R. G. S., masier
of the British steamship Nees. Is of spe
cial interest. It Is worthy of note that
the occurrence of field Ice In the North
Pacific here recounted Is coincident wltn
th singular and practically complete ab
sence of Ice in the North Atlantic during
tho present Spring. The letter of Captain
Mathlas Is as follows:
"The purport of my letter Is .to ac
quaint you an fully as possible with the
extensive fields of ice met by us on March
IS, 120 miles from Yezo Island, Japan.
To give you a thorough outline of this
most unusual and unlooked-for ice. I must j
go into somewhat lengthy details.
"We left As'oria February 27. bound ,
direct for Vladlvostock with a cargo of j
flour, lumber and general merchandise t
undpr deck, and a threc-fcot load of
lumber on deck.
"My two boofce of 'Weather Reports.' as
kept by my second officer and carefully
checked by mys-elf, will give you full
particulars of our passage, which was a J
vry quick. one for a cargo steamer loided
down to her marks 21 days from Astoria
to Vladlvostock. I will dwell only upon
the Ice fields with which we met.
"Firet let me mention that I was nav
igating on the very beet and latest charts
Os99). and had as a reference 12 months
of your 'North Pacific Pilot Charts' for j
"K99. as also the months of Jnnuarv and '
February, 1900; also a chart for 1S76 and
North Pacific charts for 1S9G. i
"Not one of these charts showed any
remark as to Ice.
"An extract from mv sailing directions
(Flndlay's North Pacific Ocean ) reads a?
follows: 'Floating Ice has little or no Ir
fiuence upon the navigation of the North
Pacific Ocean. Its northern border being
practically free from Ice, except possibly
a rare fragment formed in some narrow
passage, or drifted south by some severe
W'nter gale, the southern portion (of
Bchrlng Sea) along tho Aleutian Islands
being rarely, if ever, troubled by ice.)
"At 2 A. M, of the 18th Inst. (March,
1900), a lovely bright moon at the time,
field Ice was observed to the northward
of the steamer's position, which was then
latitude 42 degrees 36 minutes north, lon
gitude 146 degrees 18 minutes east. The
engines were at once put to dead slow
and stopped. Shortly after field Ice was
observed ahead and on each bow, and
abaft the beam, as far as the eye could
see. At 2:40 A. M. the steamer entered
the first of the ice at what appeared to
be the narrowest part, no opening being
visible, and with only Just sufficient head
way on the steamer to steer. At 4:30 A.
M. we had passed through the first pack
of the Ice. with fairly clear water ahead,
and our speed was accordingly increased
to slow and then to half speed. At 5 A.
M. another Immense field of Ice was seen
ahead and all around the bow, with no
opening visible. The eteamer entered this
second field with engines stopped Oust
steering). The Ice then continued on and
off with Intervals of one to one and a
half hours fairly clear water, the Icepack
being thicker at times than at others, but
all moving. This Ice field continued on
again at 2 P. M., gradually getting less
after that hour till 4 P. M., when only
small pieces were to be seen, and I may
say finished In latitude 42 degrees north,
longitude 144 degrees 25 minutes east. One
largo seal was observed on one piece of
Ice close to us. but only looked at us
and never moved. We passed through SO
miles of this field Ice and were 13 hours in
it.
"At 3 A. M.. when passing through this
ice, somewhat larger pieces than others
came In contact with our stem and the
bluff of each bow, but with no great force,
as the engines were barely moving and
the ice setting to the westward. However
we found that some rivets were started
each side of the 18-foot six-Inch stemplate.
and water coming in; this we stopped by
building a cofferdam from the stem to
the first frames and filling the recess with
bags of flour.
"When the last of this Ice was seen
Cape Yerlmo, Yezo Island, bore north
75 degrees west (true), distant 49 miles.
"On our arrival here we found Vladl
vostock Bay frozen over with 24 Inches of j
ice. we lay at ancnor ior eight hours
while a dock 350 feet by 46 feet was being
cut out of the ice for us to enter, and we
are now discharging our cargo on the ice.
th"e same being carried by carts and hand
labor to the warehouses, the steamer be
ing made fast by kedge anchors dug into
the ice.
"On examining our damage this day I
am pleased to say that nothing Is broken,
but that three stemplates are bulged.
"The German twin-screw steamer MIlos
niu.1. uiuvcu uere me miuuie oi last
month from Vancouver, passed through
100 miles of this same Ice, losing two
blades of one propeller, besides badly
damaging his bows and breaking one or
two frames. His report is not at all ex
pliclt, so that I am not able to give you
Drugstores Sell
Hudyan, 50c
Get HUDYAN from your druggist, 50c a package; six packages
$2.50. If he docs not keep it send direct to HUDYAN REMEDY
COMPANY, corner Stockton, Ellis and Market Streets, San Fran
cisco, Cal.
consult free(
or write
full particulars as to his time or ppsitloa
when meeting the Ice.
"I expect to hear of other steamers that
have taken the great circle track meet
ing with some damage among this large
area ot field Ice. I shall be extremely
obliged to have your opinion in re meet
ing this Ice, and If you consider that I
took a safe and proper course, or If In
your opinion I ought to have kept far
ther south. I turned off for Cape Yeri
mo In latitude 50 degrees north, longitude
ISO degrees."
In addition to the above, the United .
States Hydrographic office has received
from Captain Hille. of the German steam
ship Milos. mentioned in the letter of
Captain Mathlas. the abstract log of his
voyago from Seattle to Vladlvostock
February 7-March 5. 1900. In this ab
stract the following entries occur:
"February 26. noon. latitude 43 degrees
23 minutes north, longitude 146 degrees
26 minutes east: Sea and wind going
down; during the night and In the morn
ing fine weather and smooth sea.
"February 27. noon, latitude 41 degrees
36 minutes north, longitude 143 degree
17 minutes east: Fine and calm weather;
a great amount ot drift ice during the
whole day; in the morning increasing
wind and sea.
"February 2S. noon. Mororan Harbor,
Japan: Little Ice in the afternoon; later
on free of ice. Stormy weather with heavy
snow squalls, decreasing in the fbre
noon. After arrival at Mororan flne and
clear weather."
The two reports, although differing by
nearly a month In date, thus place tha
field In approximately the same position,
from which fact it may be inferred either
that the Ice was stationary, or that it re
ceived constant accessions during the
interval.
The Open Door.
Sir Charles Dllke In North American Re
view. It ought to be a portion ot the policy. If
that policy be seriously Intended, that tha
United States should be strongly repre
sented In China. At Peking there must be
a minister of high authority who will take
the lead in prcGsing the enlightened and
trading views of our government and of
the powers who will concur with them,
and on the coast a Commodore who will
use the naval power of the United States,
in conjunction with the British Admiral on
tha station, in suppressing piracy and law
lessnjss on the West River, the Yang-tse
and other Inland water where British trade
and the trade of the United States are.
and in an Increasing degree will be, done.
The United States is now showing ltt
power as a manufacturing and exporting
nation to hold Its own In markets far
more distant from its shores than those
of China. Rivals we must be in trade; but
we have, both of us, everything to gain
by making oure a friendly rivalry, and by
co-operating In maintaining order through
out China, and In asking as a return for
tho rsgularization of inland dutlcts and for
the extension of the imperial customs sys
tem to financial matters which are at pres
ent outside Its control.
Dallas complains ot a want of dwelling
houses. Cured
While
You
Sleep
In 15 Days.
C. 7. Cirtr. a. B. L. L. D.
Ttttt St. 3 tan JuMtitlt .
"Gran-Holvrntn dissolves Strlcrar. IIJcb
now Dcnenth tho nun. rcdocru TC
XAROED PltOSTATE,'anrt SttraS
on the SralnM Oacto. ntnpnlsz deals
and emissions IX JTXITElix DATSS.
So Irufpi to rnln the. stomach, hat a di
rect local nnrt positive appllcatlonto th
xnrlre TJretlial Tract.
GRAX-SOL-VrjTT i the wonder of the
century. Discovered by the Cheraim Pabrion.
it qmekhr interested the great Scientist and
.PhyMaan, JJrdnan, who developed it and pro
claimed that marvelous action in TJrethal Ail
ments which electrified the world.
At enormous expense DR. C.J. CARTER
eutztriiped all competitors and secured exclusive
THTiiJ"1 the H'fttrrn Continent for the ST.
I AMES ASSOCIATION.
Gran-Solrcnti not a liquid. It is prepared
t tj,:tfinajfCryoBsor Pencil, smooth and
flexible, and so narrow as to oass the closest
fctricture.
Every Man Should Know Himself.
The venerable Ttr p. T P. !-.- t,..i.4-4
the St. James Association, ha prepared at great
uiiuk au cxnaTiiive illustra
ted Treatise upon the male sys-
REE!
-.i., niiiut LUC S33UC13UgH Will
fend to anv male annlicnnt
ST. JAMES ASS'H, Z4 Vlns St.. Cincinnati, 0.
Bl2 Qua non-Dotjonei-i
I remedy lor Gonorrhoea,
Gleet. Spermatorrhoea,
Whitet, unnatural dlr
charges, or anr inflamina-
irrtTrau eaautita. tion ot mucous men
rtEEYAHSGHEMlCM.Cn. branej. Xon-ntrlnj-nt.
k0INnT1.0.L A 3ld by SrngSlsts,
or sent in plain wrarper,
iT expre, prepaid, fox
tl.M. or 3 bottlei, 52.73.
a- Circe ur tent on nqMSt.
cntKD while
Von Sleep.
t 1DJ9-KS CCUED
Iiat "War.
Dr. Carter'a Gauf-SoL.VSirE3Joncios will dislodge, dl
Bst and forever renjOTO-TJrejthral Stricture In 15 dsjs.
Bougies dltsolTO in three hours, curing while you sleep.
Wp aiMtnnd Vnlrc"l 'p'",te. YsIiwbU troth frse.
bT. JAMES ASS X.. 2H Vins st,. Cincinnati. O.
CRIPPLE CREEK ILLUSTRATED I
A great volume, JUST ODT. Nearlr 100 photo-engravings
of gold mining scenes; also cor
rect map. Gives sketches of every mine and
mill, ore produced, dividends, etc ABSO
LUTELY DISINTERESTED. The edition cost
SI.000.00 to Issue. To Introduce our blp Illus
trated weekly family paper (founded 1600) we
will send you a copy of "Cripple Creek Illus
trated" and our paper 13 weeks on trial for 23c.
Clubs of 5. SI. Stamps taken. Latest mining
news and Western stories. Refer to the editor
of this paper. Address ILLUSTRATED WEEK
LY. Denver. Colo.
P
-. -
la 1 u i 4J- I
L - Omiraatwd V!
I3lr
V?2JT
rtviif sal u Kristin.
ALLAYS PAIN
HUDYAN allays pain In head, pain
in back, pain in side, pain in joints,
pain in face, pain In muscles, pain in
liver, pain in kidneys, pain over bow
els, dragging pains, bearing-down
pains.
HUDYAN cures nervousness, twitchings,
melanchoIia.sleepJessncss.despondency,
irritability. HUDYAN is good, for it cures
permanently.
HUDYAN is a capital remedy for that
heart complication characterized by
headaches (Fig. 5), flushing of face upon
slight exertion (Pig. 4), choking sensations
and difficult breathing (Pig. 1), irregular
fluttering (Pig. 2), cold hands (Pig. 3) and
feet.
Men and women take HUDYAN. and
invariably it brings absolute comfort.
HUDYAN acts upon all organs of the
body upon the nerves that govern these
organs as well. HUDYAN makes new
blood, rich in health-giving elements.
Consult free the Hudyan Doctors. Call
to them.