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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (July 15, 1900)
THE SUNDAY OKEGONIAN. POBTLANDr JULY 15, 1900. FINANCE AND TRAD New York -Stock Market an Example of Dullness. WEEK'S MOVEMENT WAS IRREGULAR Trading Wu Almost Entirely In the Hands o Professionals Weelcly Bank Statement. NEW YORK, July 14. The sole Interest attaching to today's stock market -was an example of dullness. In that respect It was a true Index of the speculative condition, which Is one of entlro uncer tainty and lack of conviction, Even the professional traders, who have consti tuted themselves the champions of cer tain stocks during the week, were not in evidence, and only small trades be tween the regular frequenters of the floor were made at any time. Offerings to sell made unduly large Inroads on prices, be cause no one stood ready to buy, and any demand to buy caused a rapid ad vance, because no one was on hand to sell. Most of the board members wore out of town for a holiday, confident that nothing that could occur would Induce any sudden activity to develop. Some desultory efforts were made to advance Union Pacific by making bids for tho next dividend on a specified num ber of shares at a higher figure than the prevailing dividend rate. But these efforts secured little attention. The mar ket was as a whole lower than last night when tno bank statement appeared. There was some little buying then to cover shorts. Stirling exchange was nominal as usual on a Saturday, but the posted rates' for demand sterling were advanced cent In lesponse to the rise In London dlscdunt. It Is pretty certain that these developments foreshadow an advance In the Bank ot England minimum discount rate, and export of gold from New York next weelc Prices of stock- are higher again this week, bj: the movement was very ir regular, and the highest prices were not maintained In any case. The movement was practically a duplication of that of last week.-j.nd gave every appearance of being almost entirely In professional hands and under manipulation. It Is evi dent that there has been formed a pro fessional bui: party, which Is considerably more aggressive and commands greater resource? than any element that has been' active for some time past. As the cm runylng roads are benefited by the ccmiairtively favorable results of the Winter-wheat crop, the bulls found in that group and especially in Union Pa cific the most effective field for manipu lation. Here and there in the specialties was found a stock which had advanced easily and brought out little selling. An other matter which disappointed the ex pectation of the bears was the small effect produced on the money market by the unexpectedly weak bank statement for the last week. It was admitted by some of the foreign exchange houses early In tho week that they might ship gold by this week's steamer, thus making further Inroads upon the cash reserves of New York banks. But when steamer day came, the expected shipments were not announced, owing to the fall in foreign discount rates having wiped out all the profit on the transaction. This was a factor In Induc ing the bears to cover short contracts. It is possible that the United States may have to -upply large foreign requirements for gold some time In the Autumn. For the time being the season's receipts of KJnnd'kc gold are In prospett, for the replenishment of New York bank re serves, and the actions of the Sub treasury upon the money market for tak ing up surplus revenues are unexpectedly light, owing to payments of pensions and premiums on refunded bonds. It Is likely, therefore, that small additional Induce ment would be required to draw gold from New York for foreign countries. Bonds have been very little traded In In spite of the ease of money, and prices have chnnged little In either direction. United States refunding 2s, when issued, and the 2s advanced U, and the old 4s In the bid price. Bank Clearings. The bank clearings for the principal cities of the Northwest for the weeJ; ending yesterday were as follows: , . Portland. Seattle. Tacoma, Monday $ 370.015 $1,181,850 $170,071 Tuesday 402.431 878.000 179.000 Wednesday 407.950 440.590 237.931 Thursday 309.47S 600.720 155.434 Friday 404.S44 020.534 143.S33 Saturday 263,033 1.304.222 100.0S1 Total .$2.327.S17 f5.431.5S7 $993,062 The clearing for tho corresponding weeks In former yearn were as follows: mMgk Portland. Seattle. Tacoma. 18M $2,170,075 $1,879,008 $S20.2M 608 1.C16.4SO 1.051.241 043.433 1807 1.15S.22B C13.077 404.102 The clearings yesterday were as follows: . . . Exchanges. Balances. Portland $ 2tt3.0!)3 $ 44.0SO Tacoma 100.0S1 lt.3ai Seattle 1.304.222 224.201 Bpokone 109,502 45,884 Money, Exehnnge, Etc. SAN FRANCISCO, July 14.-Sterllng on London. 60 days, $4 84?i; sight, $4 87. Drafts-Sight, 10c; telegraph, 12c. Mexican dollars, 4BVrt?49c. NEW YORK, July l.-a-,oi ey on ca'l, 1 pc cent; prime merjtntlle paper, 89S'4H per cent; sterling exchange, firm, with actual business in bankers' bills at $4 Se demand, and at $4 84 60 days. Posted rates, $4 S54 87H. Commercial bills, 94 83Vi4 83. Silver certificates, 6162ic. Mexican dollars, 4Sc. Bonds Government, steady; state. In active; railroad. Irregular. LONDON. July 14. Money, 1 per cent. Stocks In London. LONDON. July 14.-Close Atchison, 26; Canadian Pacific, 91; Union Pacific pre ferred, 76; Northern Pacific preferred, 72; Grand Trunk, 65i; Anaconda, 8; Rand. 39! NEW YORK FINANCES. Banks Shovr nn Increase of Nearly Five Millions. NEW YORK, July 14.-The Financier eays: The Interesting feature of the New York clearing-house bank statement for the week ending July 14 is an Increase of 4,ji81,O0O In cash holdings. Of this gain. $4,286,700 was in the form of specie, two largo institutions reporting the entire ad dition to the reserve. The statement Is more nearly in accord with the known operations of the week than was tho pre vious exhibit, and this leads to the as sumption that the Items which did not enter Into the statement of July 7, figure In the present one. The items do not corri.pond with the changes noted. The deposits expanded only $1,640,300, almost exactly the same amount that the loans declined. The additions of cash therefore do not figure at all In the deposit Item and for this reason the gain In excess reserve was unusually heavy, aggregating $4,370,925. The surplus now stands at nearly twenty millions. It Is not likely that this gain will influence the money market locally, but Interna tional conditions are such that a change In prevailing rates would not be surpris ing. The advance In sterling on July 13 was so sharp, that gold exports were out of the question and with the Impending Chinese problem affecting foreign mar kets, may produce some rather unex pected results. The banks hero are still gaining from tho 'nterior although in smaller vol ume, and gold reserves from the Klon dike and one shipment from Australia, will serve to Increase the local money supply soon. The demand for funds Is not as urgent as was the case at this season last year, owing to a more mod erate volume of business and lessened prices, but conservative opinion Inclines to the belief that money must go higher before the close of the Fall season. The opening of the Presidential cam paign, now nearly at hand, will be a factor in thlB respect not to be Ignored. The New York banks are adding gradu ally to the circulation. One bank has a total of $6,500,000 outstanding, another $4,600,000, and three others over $1,003,000 each. The gain since July, 1S99, has been about $10,000,000. , The statement shows the following changes: Surplus reserve. Increase $4,370,925 Loans, decrease 1,054,000 Specie, Increase ....v 4,385,700 Legal tenders, Increase 394,300 Deposits. Increase k 1,640,300 Circulation, Increase 235,500 The banks now hold $19,900,125 in ex cess of the 25 per cent legal requirements. BIO BANKS CONSOLIDATE. Three of Chicago' Oldest Financial Institutions Will Combine. CHICAGO. July 14. Three of Chicago's oldest and largest banking Institutions are to be consolidated. The Corn Exchange National, the American National and the Fourth Western National are to pool and reorganize under the charter of tho Corn Exchange, retaining Its title. President Ernest A. Hammond, of the Corn Ex change Bank, will be president of the consolidated corporation. The new Corn Exchange National Bank will have a capital stock of $2,000,000, a surplus of $1,000,000, and undivided assets of $600,000. The principal reason for the consolidation Is that an aggregation of capital Induces business. Foreign Financial News. V NEW YORK, July 14. Tho Commercial Advertiser's London financial cablegram says: Old hands say this was the Idlest day they ever knew, on the exchange here. Some markets did not even open. Paris, Glasgow and Edinburgh closed. Ameri can stocks, which were sold In the first hour by "punters," who were disappoint ed in profits on a turn, recovered later, when the selling was over. There was no change In money rates. The Bank sold 71,000 In French coin and 2p0 for export to Roumonia. Exports nnA Imports. NEW YORK. July 14. Imports of specie this week, $26,533 gold, and $154,C2S silver. Exports of gold and silver from this port to all countries for this week ag gregate $984,415 silver bars and coin, and 30u gold. Imports of dry goods .ind merchandise to the port of New York for this week were valued at $11,234,004. Dally Treasury Statement. WASHINGTON, July 14. Today's state ment of the. Treasury balance in the gen eral fund, exclusive of the $150,000,000 gold reserve In the division of redemption, shows: Available cash balance $149,345,576 Gold 63.ra7.915 Sliver .'. 8,856.242 AT THE HOTELS. THE PORTLAND. G W Fenwlck, Mont T Iloral Scott. CIiro Thos J Lane. St Paul G G Earle. Indpls Enoch Knight. Los Angeles Miss G D Knight, do K C Hire & w. St PI R S Young, Oakland, Cal C V Scott. San Fran M Sheralstlr. Toklo, C S Ralston. St Louis X Maurer. Chicago G Wetherford. Chgo Mrs Fraser. Salem. Or C W Fronkcl. N Y J T Brennan, Canton.O W F Jacobs. San Fran J Lytls. Jefferson. Wis L M Kelloc-e-. San Fr JMtss M D Kellogg, do V L walflron & wife, Honolulu. USA Japan J A Epraguc, Denver Miss Cella Doyle. X T Adolph Sauer, N Y Mrs Ida M Trunkey. N Block A wf. St Joe Chicago R M Halt. Chicago H Hamburger. San Fr J J Buckley, Missoula X H Lattlmer. 8tftlo S McLean. Seattle Jas M Hall. Sharps- H J Woodward.Peorla I K Lery Mrs It H Worfleld. 8F K S Hamlin. Boston T Pollard. San Fran S E Slade. San Fran vllle. Pa RuEsell Slade. San Fr I D Howard Morris, A Montgomery, do f Sharon. Pa G Bruce Webster. Ma-J Arthur J Helneman,SF nlla F D Burleigh. N Y J Kragen, San Fran IT H CurtK Asto-Ia Mat Furst. San Fran 1A E Danrler, Detroit J W Gamon, Chicago jW R Peyton, Duluth Dr McCuJlough. Seattl.Chas League. Fresno R B Lorlmer. St Paul jCapt Henry Glass. USX Elizabeth Hanson. Ur-( Frank B Glass. San Fr bona. Ill Philip Andrews. USX T J Tledemann. S F HR Stanford. USX Mr &l Mrs H J Rich, Paul D Walsh. San Fr Brlgham CItr R E Tarbet. Colfax A R Jacobs, Oregon C C G Jacobs. Oregon C Dr Grace Albright, Salem. Or C H Jackson, Ky Mrs Jackson, Ky W H Klnner, San Fr Mies Dunlap, Kan City P O Zuckerman, S F Colombia River Scenery. Regulator Line steamers, from Oak street dock, daily, except Sundays. The Dalles, Hood lllTcr, Cascade Locks, and return. Call on. or 'fone Agent for further information. THE PERKINS. B H Walker. Tacotnk 1 J A Cameron. Salem L LanSeld. San Fran Ralph Phllbrook, Ho- F E Williams. Salem H S Knowlton, Cottage, quiam. Wash wrove, ur S M F Klrchelmer, AntelODe. Or P J Stadolman. Dalles Mrs Johnson. Seattle Tom R Wilson. San Ft J B Eddy. Forest Grv A W Keady. Corrallls J H Ross. Toledo R O'Xell. Salem. Or X L Cornellux. Helena Z M Brown. Prmevllle Dr A M Danman, Ful ton, Wash D J Collins. Indp. Or T T Cane. Forest Grr P H Tynan. Prlnevllle W L Bradshaw, Dalles Rev H Harris. Cove, Or' c K Mills. Chlearo Mrs O A White. Evans- H T Swanson, Chicago ton, III Mies Jennie White, do Miss Lillian White, do B F Hunter. Chehalls W H Smith. Eugene Mrs O B Estes.Astorla A L Johnson, Crete.Xeb B D Johnson. Astoria I Mrs a. L Johnson, do Miss Johnson, do Sidney Clack, San Fr Mrs P Somervllle, Ta coma H A Smith, Astoria Geo R Young, San Fr C E Stevens, Tacoma H Staltze. Chicago C Schwn.be, Portland Miss May Scott. S F Edwd L C&rsen, Seattl L Grlfnth. N Y E T Mather. NWhatcm T W Potter. Chemawa Geo T Hume, Oakland J D Farwell, La Gatos L W Burris, wf tt eon, Santa. Rosa. Miss Cox. Boise Miss Coffin. Boise A D.Hlnkelbeln & wf. San Francisco George Burges, San Fr Mrs Briggs, San Fran E W Reld & wf. do A R Thlel. Boston J A Camerson, Salem F E Williams S M KIchhelmer. An telope Mrs Downing. San Fr Chas H Read. Dufur F A Brewer. Duluth Chas D Brewer, do H S Klmster. Forst Gr .&agar James jjiven, city M Jules. Seattle Mrs Jules. Seattle Mrs J K Wright, La Gra.ids. Or E T Bowers, Baker C W E Bower, do J Woods Smith. Chgo Mrs H Pfley. Bolrt Master Pfley, Boise R R Keep. Waldron Mrs R R Keep, do Miss Keep. do W W Carlyle, Bakr C Mrs W W Carlyle, do W Weir, Hombrook, Cal V H McChesney. Omaha. Lieut R O Bcott.Thlrd1 Infantry, Portland J J Coggswell. Idaho C V Sargent. Dalles R Green. Spokane C F Clapp. Forest GrJ A Mccann. Duiutn Will Gilbert. Duluth A Oumette. Buttevllle Irwin Parkins, Dalles D P Johns, Dallos Ed fimlth. Dalles Chas Rablln, Sumpter w so. KoDinson, oo O V Alien, Salem THE IMPERIAL. C W. Knowles, Manager. J R Wilson. Tacoma W D Hare. Hlllsboro H G Leyde, Fargo Sam R Stott. Sumpter P Nebergall. do J R Wilson. Tacoma W J Clarko, Gerrals Mrs Clarke, Gervals P L Keeton. Fossil Mrs Keeton. Fossil E R Laughlln.Calcb.Or Mrs Laughlln, do Mies R Matheson, Tur ner G X Remlngton.MInpls J Hughes. San Fran C R Harris. Seattle May Luclan. Vancouvr E K Duklng. San Fran C A Koman. Vancouvr H G Day. Minneapolis Miss I Lundy. Salt Lk J S Daveler, Salt Lake Chas T Gram. San Fr J S Toung. San Fran A Greenoerg, San Fran E C Judd. Salem Mrs Judd. Salem E F Pernot, Corrallls Mrs Pernot. Corrallls George Coote. do Mrs Coote. Corrallls J E Lilly. Sprague Geo H Baker, uolden- flolo Mrs Baker, do W Graham Taylor, Philadelphia G H Barber, San Fr A L Kasson. Seattle J Campbell. Ft Blakly Mrs Campbell, do H P Isaacs. W W Thos Wise. Sidney, Australia Edward Boothby. Sheffield, England T Bartley. do C S Colo. St Paul W H Dolman. St Hlns! John L Qulnn. Salt Lk: J X Wlsner. Jr. u B F C E Glltner, Salem B F Glltner, Salem Miss Glltner. Salem R B Fleming, Salem Otto GUstrap. Eugene A C Williams. La Grd J W Shurte. Hlllsborol Mrs J u Grtn. Bak C F D McCuily, Joseph. or J u Kerr. Rowland R G Cameron. Bak CyiMrs Kerr, Rosaland J S Schappard. Spokn 1 Chas Hetler, Astoria R P Walnwrlght, US A I Mrs Hetsley, Astoria Hotel Brnnnvrlck. Seattle. European: first class. Rates, 76c and up. On block from depot. Restaurant next door. Tacoma Hotel, Tacoma. American plan Rates, $3 and up. Donnelly Hotel. Tacoma. . European plan. Rates, 50c and up. BIG CARGO OF TEA Braemar Brings Over 5000 Tons of Freight URGE SHIPMENT OF TEA FOR EAST The Morechal Vllllcra Clears With. Wheat Morsrnn City a. Total Loss Slarlne Notes. The big Oriental liner Braemar yester day commenced discharging one of the largest and most valuable cargoes that has ever been landed In this port. It Included a shipment of 27,000 packages of TONNAGE-EN ROUTE AND IN PORT. Vessels Chartered or Available for Grairi Cargoes From the Northwest. FOR PORTLAD. Flag, and rig. Nome. Feb. 12IPenthesIIea Br. ship Br. ship Ger. ship Manson Barrett Kuhlmann Jones Hearri Croweat Griffiths Ward Tyers Crowe Jenkins Behrlnjc Rubarth Shoemnkfr Feb. UIDeccan Alice Australia Br. bark July 5Genlsta Br. ship Br. ship Br. ship Br. ship Br. ship Br. ship Br. bark Ger. ehip Ger. ship Leicester castle Mar. 5 Rlversdale Conway June ZtlOrealla Semantha W. J. PIrrle BIrlus Robert Rickmers Carl Ger nark Br. ship Clan Macpherson McDonald atjorn Sutherlandshlre Nor. bark Br. ship Dan. ship Br. ship Br. bark Br. ship Eiungsen NIcoll Fundcr Cordlnar Gulllfon Cairns Collins Jones Engel Gieseke Jupiter IMarlon Llchtbody Howman a. Law Ardencraig centurion Br. ship Br. ship IDalcarnie Olga Osterbek Port Caledonia Dechmont Queen Victoria Astracana Ger. bark Ger. bark Br. bark Br. ship Anton Elstan Hayden Griffiths Witt RItche Tode Muller Hunter Br. ship May 16 Br. ship Br. bark Br. ship Br. ship Fr. bark Br. ship Ger. bark Fr. bark Fr. bark Br. ship Br. bark Fr. bark Ger. ship Br. ship Br. ship Br. bark Gr. bark Br. blp Br. bark Br. bark Ger. ship Fr. bark Ger. bark Ger. ship Ger. ship Fr. bark July 4L.ucipara lAndreta ICounty Edinburgh May 24Europe June 2CL,angdale INomia May 12Amiral Courbet April 01 La Fontaine Rowehl Conna Haumond ikiimory Muskoka Bossuet C. H. WatJen Milne Crowe May 26l Kobbe Hardie ISocotra June 21)Cedarbank Robbins Adams Tadsen Porter Jones Andrnda Eilbek Inchcape Rock Morven Pyrenees Bryce Spillc Durant Brunlngs Sehumaker Allah June 1' Alice oertna Hassla lOtto Glldmeister Wllmsen July uenerat Aieiunet Yules Total tonnage en route, 101,105. GRAIN TOXXAGE Name. Flag and rig. Master. May 12ILlzzie Bell June lClMarochal Villierj June 21IFlfes2ilre June elHarlech Castle July 2'RIrkmer RIckm July 11'Franklstan July 12RIgel July 13'Nithsdale e bark bark Whelan RIonald Br. bark Br. shin Oer. ship Br. shin Ger. ship Br. bark Caddell Flndley Baake Atkinson Leopold Steven Total tonnage In tho river, 12,999. GRAIN TONNAGE EN I' I Name. Flag and rig. Mar. SIGlenogll April 19ICarnedd Llewellyn IWnnderer Cabul Glenard May CIFortevIot Br. ship Br. ship Br. bark Br. ship Br. ship Br. bark Ger ship Ger ship Br. bark Ger. ship Br. ship Br. ship Stevenson Harris Tonkin Johnson Turner Gilmour Seeman Hansen Dixon Hashagen Anderson April 26lHenrtette Mar. 201 Rodenbck Mar. 14 Dunreggan Carl Linlithgowshire Durham Klllmallle Brynhilda Howard D. Troop Queen Margaret Ben Lee May II April 4 Doty Balfour May 1 Br. bark Br. ship Br. bark Br. ship Br. ship Br. bark Br. bark Br. bark Ger. ship Melkle Corning Fraser Hunter Macfarlane Fulton Alster Shoemaker ISt. Mary's Bay Anaromeoa Bertha Flootbek Total tonnage en route. 39,7 L GRAIN TONNAGE Name. Flai Master and rig. May SIRhuddlan Castle June 22Imberhorne June 30Haddon Hall Br. ship Br. ship Br. bark Roberts Lever Prltchard Total tonnage in port, 5322. tea, nearly all of which was for Eastern shipment. New York was down for 9600 packages of tea, and Chicago for 0000 packages. The rest of the big consign ment was distributed among about 20 of the principal cities of the United States, San Francisco being down on the mani fest for 521 packages. The Bay city also had a lot of other freight, Including 660 tubs of shoyu, 108 cases of desiccated cocoanut, and a lot of peanuts, provis ions, curios and miscellaneous merchan dise. While the bulk of the cargo consisted of tea, curios, silk and matting for the East, Portland also received a liberal con signment, included In the lot for this city being 231 bales of gunnies, 40 bales hop cloth, 300 mats rice, 420 bales hemp, 420 packages merchandise, 101 packages tea, 231 tubs shbyu. 107 rolls matting, 1930 packages sulphur, 160 packages curios, provisions, etc. The silk and some of the tea started East last night, and the rest will follow as fast as It Is discharged. The steamer will be ready for outward cargo tomorrow evening, and will load to her fullest capacity. SAILOR'S NARROW ESCAPE. Forty-Five Mlnntes In the Water and Is Safely Rescued. In the log of the ship A. J. Fuller, which arrived from the Orient a few days ago, says the Seattle Post-Intelll-gencer. Is noted the miraculous escape from drawing at sea of Antonio Bar lasa, one of the crew. June 22, at 3 P. M., when In lattltude 43:20 south and longitude 45:50 east, Barlasa fell from the jlbboom overboard. The vessel was then making seven knots an hour. Cap tain Nichols, with all possible haste, reduced his soil and hove the ship to, but It was 15 minutes before he could lower a boat, which was manned by the third mate and two sailors. By this time the unfortunate seaman was a mile astern. Five minutes later fog settled sd thick and fast that the Fullor's officers could not see three lengths of the ship ahead. Reversing, the Fuller sailed back over her course, as near as she could follow It. and In a few mlhutes had sighted Barlasa hard ahead. Ha was picked up alive, much to, the astonish ment of his rescuers, for he had been In tho water Just 45 minutes. All this time be had on oil clothes and rubber boots, but being a good swimmer and possessed of a cool head he managed to keep afloat despite his weighty encumbrance. FRENCH BARK CLEARS. Marechal Tllliers Leaves Tomorrow With a Bis: Cnrffo. The French bark Marecha) VHllers. the cheapest ship that will leave Port land In 1900. cleared yesterday for Queens town or Falmouth for orders, with Ui;725 bushels of wheat, valued at $G7,02L She was dispatched by the Portland Flouring Mills, and, like all of the French bounty earners, carries an Immenso cargo for her registered tonnage. The vessel will leave down tomorrow, and will be followed by the British bark Lizzie Bell, which Is still In the stream, with her cargo aboard. The Flfeshire, which left down Friday, reached Astoria yesterday, and the Rlgel and the Itlthsdale, which have been at Astoria waiting for a towboatj left up In the afternoon. Three ships a week Is not Master From. Consignees. 1C63 London Hambursr Balfour Meyer, W. 1S36 2052i Japan 2097 Honolulu Shanghai Shanghai Hamburg 17181 2009 205S .::::::::::. 1321 E. Baker 1776Shanghal 170S Shanghai 211 2211 Shanchal 2516 Shanghai 1726 Japan 2174 Hiogo saSiHonolulu 15S6! Honolulu 1467 Honolulu Klao Chou Tsintau 1549 1G51 20QIStn. Rosalia 135S Yokohama 1SG9 Sta. Rosalia 1704 Nagasaki Shanghai 17001 1340! 1510 Sta. Rosalia Klao Chou 2246ISta. Rosalia 1642!Honolulu JfWNagnsakl 1573Hamburg 60! Meyer. W. lllTayloT lTiai Antwerp 1635IYokohama 2O70Shanghal 2070!Grlmsby 52 191 Balfour ...(Taylor 64 100 issiLiverpooi lWiiKlao Chou 1500Nantes 1739ISantandcr lo69IHonolulu 2259IShanghal lTHNantes 1734lKnga9akl lu97IKIao Chou 2lM9!Honr Konsr 50 Taylor 24) , ..'I Balfour 2394ISta. Rosalia 2220Antwerp H93 an on gnat flS97IAcapulco ziKUsnanenai 2?9?ISan Diego 1193JHavre 2SS5IAnler 1820lHakodate 2009 l okohama 1491Glasgow Taylor IN THE RfVER. From. Agents or Charterers Berth. 1036ILlverpool 1705Montevideo l31SIAntwero Epnlncer P. F. M. Co Balfour P. F. M. Co. Balfour Balfour Balfour Stream Stream Astoria Elevator M'tgomer. M'tgomer, Stream Stream l$02(Honolulu 1914Hong Kong lOOOlNagasakl 17FJNagasakl 1535Shanghal P..Graln Co ROUTE TO PUGET SOUND. Master. From. Consignees. 21S3I London lCOSJHamburg 2717Shanghal 1397!Rotterdam R. P. Rlthet M., W. & Co. M.. W. & Co. 17E6 Antwerp Antwerp 2S62I 17051 1602 uardirr Hamburg London Liverpool Antwerp M.. W. & Co. 1477 1916 RobL Ward Balfour 1357 lS79Japan 1519 Cardiff 1409 Cheefoo Shanghai Hong Kong 20S0 1999 2204 Sta. Rosalia lllalCardlff 1762IShans:haI 1561lSan Diego 1861Yokohama ON PUGET SOUND. From. Agents or Charterers. Berth. 1993ICardlff 1997Llverpool lo32JYokonama Balfour Rlthet Kerr Tacoma Victoria Tacoma I much of a record for Portland when the season Is on, but for the month of July, right between the seasons, the showing Is an excellent one, and July shipments promise to bo the largest ever recorded in that month. AMERICAN TRADE IN CHINA. Consolidation of Ttto Bis; Companies Doing: Business in the Far East. NEW YORK, July 14. It Is announced that negotiations are about completed for the merging of the business of the ex port houses of Mint, Eddy & Co. and the American Trading Company. Both these concerns do an Immense business In the far East. Flint, Eddy & Co. are cap italized at $3,000,000, and the American Trading Company at $250,000. The presi dent of the American Trading Company is James R. Morse, and W. R. Stevens Is treasurer. In addition to these gentle men, the directors are: Frederick B. Jen nings and Trenor L. Park. WTHHam Ste vens is at the present time a director In Flint, Eddy & Co. Flint. Eddy &. Co. Is a corporation with $3,500,000 capital. It was formed In 1S95 and was a consolidation of the long-established export houses of Flint & Co. and Coombs, Crosby & Eddr. Ulysses D. Eddy Is president, Wallace B. Flint secretary, and Henry F. "Crosby treasurer. THE MORGAN CITY. Efforts to Raise the Wrecked Trans port Are Unsuccessful. The Kobe Chronicle to hand by the Braemar, arriving Friday, has the follow ing regarding the Morgan City, which was wrecked while in the Government service: "News reached Kobe on the 15th lnst. by which it would seem that the Morgan Sty Is now hopelessly lost. It appears at she broke her shore moorings, and slipped Into water 14 fathoms- In depth. This Is the second accident that has oc curred. Two or three weeks ago. the chains fastened to the vessel with the object of raising her as the tide rose, snapped suddenly, but the vessel remained unmoved. The present accident is more serious, and apparently will effectually put a stop to the salvage operations which are In the hands of the Kawasaki Shipbuilding &. Dockyard Company. The Morgan City was run ashore to' prevent her sinking after striking on a rock Sep tember 3. The place chosen for beaching tho vessel proved unsuitable, as a lew hours afterward she slipped Into deeper water. It would now appear that she haj slipped altogether off the ledge." Tides at Astoria. Week beginning Monday. July 1C. High water. A M. Height. P. M. Height. Monday 3:10 8.0 4:0 SA' Tuesday 4:0S 7.5 4:50 S.5 Wednesday ... 5:10 6.9 5:40 S.5 Thursday 6:20 6.3 6:35 8 6 Friday 7:40 5,0 7:36 8.7 Saturday 8:59 6.0 8:2S 8.8 Sunday .10:09 6.4 9:37 &9 ' Low water. A. M. Height. P. M. Height. Monday 9:42 0.2 10:21 1.6 Tuesday 10:25 0.7 11:21. 1.3 Wednesday ...11:1? 1.4 ". Thursday 0:26 1.0 12:08 2.1 Friday 1:33 0.7 1:1 2 6 Saturday 2:45 0.3 2:23 X0 Sunday 3:50 0.2 3:34 3.1 Whalers' Lisht Catches. SAN FRANCISCO. July 14. Advices re ceived today from St. 'Michael, Alaska, say the whaling steamer William Baylies was In port with one whale. The Bowhead and Belvedere had one each, and the Beluga and Karluk one half each. The Jeannette and Alexander were clean. Chllenn Steamship Wrecked. NEW YORK. July 14. A dispatch to the Herald from Valparaiso, Chile, says: The Chilean steamship Luis Cousino has been wrecked off Talcahuana. It is be lieved that 20 of the crew perished, be sides the wife and son of the engineer. Marine Xotes. The steamer State of California was de layed by head winds on her up trip and did not reach Astoria until nearly noon yesterday. She was not delayed long at Astoria, however, and reached Portland shortly after 9 o'clock last e-enlng. The Ocklahama, which towed the Flfe shire to Astoria, Is coming up with a double tow, having both the Rlgel and Nlthsdale. The bar tug Wallula towed tho Rigel across the bay and then turned her over to the Ocklahama. Domestic and Foreign Ports. ASTORIA, July 14. Anived-Steamer Despatch, from Cape Nome; steamer Stato of California, from San Francisco. Ar rived down at 3:20 P. M. British bark Flfeshire. Left up at 2:20 P. M. Steamer State of California: at 2:40 P. M. German ship Rlgel: at 5:40 P. M., British bark Nlthsdale; at 7 P. M., steamer Despatch. Weather clear. San Francisco, July 14. Arrived Steam er Columbia, from Portland; steamer Newburg. from Gray's Harbor; steamer Gotama, from Coos Bay. Sailed Steamer St- Paul for St. Michael; barkentine Ad denda, for Astoria; steamer Monterey, for Coos Bay. Dutch Harbor, July 14. In port Nor wegian steamer. Hero; steamer Kalnler; U. S. S. Lawton, U. S. S. Perry. Nanalmo Arrived July 12 Steamer Aztec, from Port Los Angeles. Victoria Arrived July 9 British ship Thistle, from Hong Kong; .Norwegian steamer Kvarven. from London. Olympla, July 14. Barkentine North west for San Pedro. Seattlo, July 14. Arrived Steamer Al Kl, from Skogway; steamer Farallon, from Unaloska; steamer Signal, from Nome. New York, July 14. Arrived St. Paul, from Southampton. Glasgow, July 14. Arrived Hibernian, from Boston; Siberian, from Philadelphia. Queenstown, July 14. Arrived Etrurla, from New York for Liverpool. Liverpool, July 14. Arrived Cuflc, from New York. New York, July 14. Sailed Pennsylva nia, for Hamburg; Mesaba, for London; Statendam, for Rotterdam; Astoria, for Glasgow; Campania, for Liverpool. Cherbourg, July 14. Soiled St. LouIb. for New York; Fuerst Bismarck, for New York. Antwerp, July 14. Sailed Westernland, for New York. Liverpool, July 14. Sailed Lucanla, for New York. Havre, July 14. Sailed La Champagne, for New York. Hong Kong, July 14. Arrived previously Algoa, from San Francisco, via Yoko hama; Hong Kong Maru, from San Fran clsco, via Honolulu and Yokohama. London, July 14. Sailed Europa, for New York. Liverpool, July 14. Arrived Etrurla, from New York, via Queenstown. Copenhagen, July 14. Arrived Ken tucky, from New York. Hoqulam Sailed July 12 Schooner Charles R. Wilson, from Aberdeen for San Francisco; steamer Grace Dollar, from Aberdeen for San Francisco. Ar rivedSchooner Marlon, from San Fran cisco for Aberdeen. BLIGHT OF BALDNESS. Doctor, Wlgrmalfer and Barber Lay Blame to Stiff Hats. Are you predisposed to baldnessT If so says the Weekly Telegraph, don't wear a stiff hat. A doctor, a wlgmaker and a barber have said that the stiff hats com monly worn are responsible for the in creasing blight of baldness. The hair, they say, depends for Its nutri tion on the blood supply that flows In the fine veins running over the Bcalp. Some of the veins that supply the hair follicles with food come through the skull, but those veins extending up, around the out side of the skull are most Important. Analogously It Is pointed out that If a rose tree were to be bound tightly around the trunk a great deal of nutrition would J be cut off from the bark. If, In addition to this, voir were to cover the tree with a great big bag and tie the mouth tightly around the trunk, the tree would die. The result of wearing the stiff hat Is similar to this. Every time you pull your hat from your head and It comes loose with a Jerk you are overcoming the pounds of pressure it is exerting on the skull. The doctor says It Is not all Improbable that the Increase of baldness is due In great measure to the stiff hat. Particu larly Is this the case where men wear stiff hats Indoors. Any covering which con fines the head will work havoc with the hair, but the difference In rigidity be tween the sweatband of the stiff hat and that of the soft hat would make the lat ter preferable for many reasons. The old cavaliers wore great soft hats, and their hair was always long and luxu riant. Women wear their hats high on the crown of their heads, and they arc seldom bald. Women wear no hats that bind the scalp, and they are not troubled wltE Ihelr hair. Primitive, roan did not wear a hat. His hair grew long and thick. Nature gave It to him as a pro tection from the elements. It shed snow and rain, and It kept his head warm; yet It gave ventilation to the scalp. It is- In evidence today. Those peoples remaining nearest the primitive condition give up their hair the slowest. The wig makers of the world draw their supply of hair from the peasants of Europe. The Eskimo shows how nature still looks to the needs of the primitive man. On the othor hand, the negroes of the tropics need less protection than the natives of cold climates, therefore they have less hair. To preserve his hair, man needs to go back to nature. He needs to use his hair more than he does. He should go without a hat, and- particularly without a stiff one. Tho Idea Is to give any part of the body work to do if you want to preserve It. Nature weakens in the long run all organs not In healthy use. Women use their hair as It was Intended to be used more than do men. That Is the reason whv thoy ar seldom bald. Man should follow the example of wom an In this respect. At any rate, he should not cover his head with a constricting band that prevents ventilation and com presses the veins of the scalp so that the blood cannot supply the hair roots with nutrition. AMERICAN SHIPBUILDING NEARLY 870,000,000 WORTH WORK CONTRACTED FOR. OF AH of the Yards in the Country Are - In a Highly- Prosperous Condition. The last number of the Engineering Magazine contains an Interesting article by Waldon Fawcett on "The Shipbuilding Yards of the United States." The writer entertains very hopeful views of the fu ture of the shipbuilding Industry In the United States, and calculates that the closing three years of the century will equal any decade which Intervened be tween the lnaguratlon of metal shipbuilding- on this side of the Atlantic and the year 1S9S. He states that new pro jects are well advanced, which. If com pleted, will Involve an outlay of $20,000,000 or more, and that American shipbuilders now hold contracts aggregating $69,000,000, excluding cost of armor and armament. Of this total, $34,500,000 represents war vessels: the other half represents mer cantile vessels, of which $18,000,000 are on the Atlantic and Pacific Coasts, and $10, 000,000 on the Great Lakes. The author says: "Enumerating all shipbuilding plants of whatsoever magnitude, and whether en gaged In the construction of wooden or metal vessels, there are In the United States more than 325 shipyards. Of this number, something more than 250 are lo cated on the Atlantic and Pacific Coasts and the Inland rivers, while about 75 are situated on the Great Lakes and the con necting waterways. The total Just given, while It Includes a number of builders of yachts and small craft of every de scription, makes no account of engine and boiler manufacturers, whose work Is al most exclusively of a marine character, although a number of them frequently contract for the construction of vessels, subletting the contract for hull construc tion. There are 3 of these engine and boiler manufacturers on the Atlantic and Pacific Coasts, and an even greater num ber on tho Great Lakes. "That the shipyards of the country are in a generally prosperous condition Is indicated by the fact that during the last six months of 1S93 and the first four months of 1000 there was only one fail ure among firms operating plants of any magnitude. On the other hand, a num ber of shipbuilding establishments which had been closed for some time were re opened, and there was scarcely one of the more prominent Institutions which did not Inaugurate enlargements or Improve ments, these extensions amounting In some Instances to a virtual doubling of the capacity of the yard. Most significant of all Is the fact that in the interval men tioned there were projected 10 new ship building corporations, which propose to erect plants entailing outlays ranging all the way from $500,000 to $6,000,000. Some of these new projects are already "well advanced, and If all are carried out on the lines mapped out, the aggregate ex penditure will exceed $20,000,000. "The contracts In the hands of the American shipbuilders afford an equally satisfactory showing. There are now building or under contract In the ship yards of the United States mercantile and naval tonnage which represents an aggregate value, exclusive of armor and armament for the naval vessels, or $69, 000,000. Of this total, the naval vessels building for the United States Navy De partment foot up. In round numbers, $34. 500,000; the two Russian war vessels build ing at the yard of William Cramp & Sons Co., $5,000,000; the mercantile vessels on the Atlantic and Pacific Coasts, $13,000,000; the mercantile vessels on the Great Lakes, $10,000,000; and the mercantile craft on the Inland rivers, $1,500,000. "Comparing this showing with the vol ume of business on hand In the early Summer of 1S99, we find a distinct gain of $7,000,000 In the value of contracts. Inasmuch as the commissions In the hands of the builders at that time amounted to an approximate $62,000,000. That the growth of the Industry is, more over, even greater than evidenced by these figures may be appreciated by a comparison of the" sundry Items which go to make up each total. The $62,000,000 worth of work on hand. In the Summer of 1900 was made up of haval contracts amounting to $43,000,000; mercantile ves sels In the Inland river yards valued at $800,000; mercantile vessels building on the lakes, $3,000,000, and mercantile vessels building on the Atlantic and Pacific Coasts, $16,000,000. It will thus be seen that whereas the volume of naval work fell off $8,000,000, without taking Into con sideration the Russian contracts, tho value of the ships building on the inland rivers was almost doubled; the aggre gate of contracts at the Great Lake yards was more than trebled, and the plants on the Atlantic and Pacific Coasts show an Increase of many per cent In the commissions on their books. "Tho plant of the Newport News Ship building & Dry Dock Company Is one r& Cure Colds Toy keeping- your bowels open. CASCARETS will do" it -without grip or gripe and drive the cold right out of you. Just as soon as you "feel like taking- cold" take a CASCARET there is NOTHING SO GOOD. Jfmk CANDY CATHARTIC. 1 A sweet bit of candy, medicine, purely vegetable, absolutely harmless, never grip nor gripe. A sale of over 5,000,000 boxes 5 a year 10c, 25c, SOc proves their great merit. Be sure you g get CASCARETS, the only original, genuine Candy Cathartic, S Best for the Bowels WS3fmBs?SSkiSSeM&&,&KsvS7(S ffjdf TOUNG- MEN troubled with nbrht emissions., dreams. auintin -.!. t..v fulness, aversion to society, which deprive you of your manhood UNFTi? Ton ER BUSINESS OR MARRIAGE. ' UP4"- IUU MEDDLE-AGBD MEN who from excesses and strains have lost their MANLT BLOOD AND 8KTK DISEASES. Syphilis, Gonorrhoea, painful, bloody urraa, Gleet, Stricture, onlarged proBUto, Sexual Debility, Varicocele. Hyarocale. Kidney tnd-lhrer troubles, cured WITHOUT MERmi AOT OTHM MrPnm DRUGS. Catarrh and Rheumatism CURED. "x-Qiiu .ruin ql,h Dr. Walker's methods ars regular and scientific. He cses no patant nostrums or ready-mads preparations, but cures the disease by thorough medical treatment Hia New Pamphlet on Private Diseases sent Free to all men who describe f their troubles. PATIENTS cured at home. Terms reasonable. All letters answered ia plain envelope. Consultation free and sacredly confidential. Call on or addrass Ztoet W&Ucor, 132 Jttvst St, Ceraer Alder, Frtlas4, Ox, which has attracted a considerable de gree of attention during recent years, by reason of the policy of the management to carry out the most approved modern practice in the matter of equipment and Its efforts to devise means to expedite the handling of material In every way possible. The shipyard, which is lo cated on Hampton Roads one of the fin est natural harbors In the world covers an area of 120 acres, with a mile of waterfront, and represents an expendi ture of $12,000,000. "The yard Is provided with two dry docks, the smaller of which Is 610 feet long and 130 feet wide on top, 50 feet wide at bottom, with a draft of water over sill of 25 feet; and the larger one, whloh Is now nearlng completion. Is 827 feet long and 162 feet wide on top, 80 feet wide at pottom. with a draft of water over sill of 30 feet. "The extensive Improvement and en largement of the Cramp yard, which has been In progress for a year or two and which will require fully a year more for its completion will, however, change the plant almost beyond recognition. Some idea of the magnitude of this undertaking may be gained from the fact that where as the old yard contained but SO acres, the new will embrace an area of about 50. Two new slips 700 feet long have re cently been completed and are now occu pied by the largest hulls ever built In the United States. "The largest shipbuilding plant on the Pacific Coast Is that of the Union Iron Works, and It Is in many respects the embodiment of the best and most progress ive Ideals. The yard embraces, all told, about 30 acres, and Includes seven build ing slips, the arrangement of which, in sofar as the handling of material Is concerned. Is admirable. "The plant of tho New York Shipbuild ing Company, at Camden. N. J., upon the installation of which work was com menced In the Summer of 1S99. will cost, when completed, more than $6,000,000, and will be entitled to rank with any of the yards previously mentioned. "Among the other new shipbuilding plants of magnitude now in process of formation Is the yard of the Eastern Ship building Company, on the Thames River, at New London, Conn. Connected with the new Institution are several shipbuild ers of experience. Including Messrs. Charles R. Hanscom and William A. Falrburn, formerly superintendent and naval architect, respectively, of the Bath Iron Works, of Bath, Me. Vessels of tho largest size, merchant and war, will be built. Indeed, the company already holds the contract for the construction of two vessels for President James J. Hill, of tho Great Northern Railway, which will be the largest In the world. These vessels, which will cost $5,000,000. are to be built for the Pacific trade. They will be 650 feet In length by 73 feet beam, with seven decks, and It Is asserted that they will have a greater tonage than any vessels heretofore built or projected. Other Im portant new shipyards aro In contempla tion. Including a $1,000,000 plant at New Orleans as an extensive yard near New York city, but as yet they can none of them be said to have passed the prelim inary stage. "A couple of shipbuilding plants which, while possibly in the second class at present, may be expected ere long to tako rank with the most prominent firms, are found In the yards of the William P Trlgg Company, at Richmond, Va.. and the marine department of the Maryland Steel Co.. at Sparrows Point. Md. Both may rightfully be classed as new plants. The yard of the Maryland company was, it Is true. originally established years ago; but not only had It been out of operation for a long period prior to the Autumn of 1S93. but the management has. In the Interval which has elapsed since the yard was re opened, so modernized the equipment as to give the plant the semblance of an entirely new Institution. "The Sparrow's Point Yard employsreg ularly about 800 men. and some Important work Is under way there. Including the steel floating dry dock under construction for the United States Government tho largest In the world." Acknowledgment to Committee. PORTLAND, July 14. (To the Editor.) Will you kindly give us space In your columns to thank the gentlemen ot the parade committee of tho Fourth of July celebration for the timepieces given us as mementos of our services in the most successful celebration of the National holiday In Portland? We, as the Goddess of Liberty and Columbia, thank the com mittee for Its kindness, and promise that the watches be our timepiece to give us notice of the next celeDratlon, which we sincerely hope will be under the auspices of the Bame gentlemen. Again thanking them for their gifts. MISS SLITER. MISS KIERNAN. Forestry In the Philippines. Army and Navy Journal. The Bureau of Forestry of the Philip pines has a similar scope to that of the" Bureau of Forestry in the United States, under the supervision of the Department of Agriculture, but has never heretofore been conducted to any advantage to the people of the Philippines. Its object Is the preservation and regulation of the large timber tracts in the Islands. 403 xGGZ-tZcZSS TWENTY YEARS OF SUCCESS In the treatment of chronic diseases, such as liver, kidney and stomach disorders, constipation, diarrhoea, dropsical swellings, Brigbt's disease, etc. KIDNEY AND URINARY Complaints, painful, difficult, too frequent, milky mr bloody urine, unnatural discharges, speedily cured. DISEASES OF THE RECTUM Such as piles, fistula, Assure, ulceration, raucous and bloody discharges, cured without the knife, pain or confinement. DISEASES OF MEN Blood pc4en, gleet, stricture, -annataral losses. ! potency, thoroughly cured. No failures. Cures guaranteed. k