THE SUNDAY OREGONPANr PORTLAND, MAY 3, 1903.
2S
STOGKMARKETDEAD
All Classes Are Indifferent to
Speculation.'
APRIL MAKES VERY LOW. RECORD
Movement of Prices During the Week
"Wavering: and Uncertain Dread
of Pressure on Money Market
In the Fali.
NEW YORK, May 2. The almost life
less condition of today's stock market re
flected to Indifference on all classes. The
demand for the New York public utilities
seemed due to covering of short contracts
by bears, who hoped for a decline as a
result of the establishment of the fran
chise tax. The renewed rise in the silver
marxec started the National Railroad of
Mexico stock unvtarfl
stocks wero slightly benefited from the
same cause. Pennsylvania's net earnings
for March wero a disappointment, the
gain in the gross for the lines east of
Pittsburg and Erie being practically wiped
out by the operating expenses, while lor
the lines West Of Plttshurir a. Kiihstn nHfil
net decrease was shown. The expressions
01 a nope that future statements would
make a better showing induced some buy
ing Of the stock. The lmnrnvprl wm fh
conditions served to relieve apprehensions
over the effect on the crops, although the
news from the West was of considerable
carnage by frost.
Some profit-takinrr -was in nviflnncn a
fore the appearance of the h.mir state
ment, and the level of prices fell below
last night all round when the statement
was puDiisnea. The unexpectedly large
loan expansion kent even n.irn nMfVi tVm
Increase in resources by reason of cash
receipts, so tnat tne change in the sur
plus reserve item was merely nominal.
The large demand for loans Is believed to
be duo to the week's payment of sub
scription for the Erie
"Sue. and to a transfer of lnn nhiirotrnno
from foreign lenders to the local' market.
xae seaing movement was not pursued,
and the market steadied before the close.
Which was. however, nearlv stnmnnt
The movement of prices In the stock
raw-net una weeK nave been wavering and
uncertain, and the ripvri
been confined to professional buyers. The
axuEuae 01 one aay nas been quickly re
versed, usually before the day was over.
Or that Of One rial- hnst hipn Knnnlnniit
oa the next. This Is the distinguishing
cuaracierisuc 01 a marKet in which the
large money powers and the ereat mttsMn
public have no concern. The pushing
una. puuing or tne small element of room
traders does not avail to move prices far
la either direction. Thev desire thir nn.
e rations to agree with the new .develop
ments oearing on values and prospects
from day to day, but when they find that
ine real owners or securities and the In
vesting element do not respond, they re
trace their steDs.
Durintr the month of Anril 1ti;t nncf iYin
aggregate shares of stocks sold on the
Stock Exchange amounted to 12,242,578. It
is necessary to go sack to April of 1S98
to find a smaller volume of dealings for
xnsx monui. in April or last year there
wero sold 20,578,512 shares. In that month
the Louisville & Nashville deal and the
coal nifners strike excited the stock mar-
xet. in April or laoi there were sold 41,
6S8.S97 shares. At that time the most furi
ous Speculation Of tho ironpratlnn woe -in.
proaghlng its culmination, which came in
the panic for May 9 following. The bqnd
market for Mav n.lsn snrnnr tn KmnUnr-
proportions than in 130L The par value
oi Donas soia on we stock Exchange for
the month just closed was 547.823,000. com
pared with 5114.679,090 In April, 1902, and
S115.875.500 In Anrll. 1001.
Some of the occurrences of the past week
may be supposed to have had a sufficient
bearing on values to effect some change
in pnqes. xnat uiey ma not is evidence
oi me present, smaner speculative com
mitments In the market, and the general
disinclination to embark in snh
The principal motive for this restraint
seems to bo the dread of pressure upon
the money market during the latter part
oi tne year. Tne present ease of money
Is largely due to the restraint of specu
lation, and thorp Is n rnn'lr.Hnn tVmt -
empkon from future stringency can only
oe secured Dy conservatism in tfcls re-enact.
The compilation of the returns by Na
tional DanKs tnrougnout tne country of
their condition on April 9, which was
given but by the Controller of the Cur
rency this week, shows that the propor
tion of reserves to deposits was then
somewhat less than on February C, the
date of the preceding call, as well as on
April 30 last year, the nearest correspond
ing day. The loans have largely expand
ed, and the cash reserves have somewhat
decreased, partly by reason of absorption
of the Government revenues and partly
by reason of the larger demands of active
speculation. The sustained activity of
business in general, the prospect of largo
crops to be moved and the remembranco
of the, experience of last Fall during the
period of active demand for money, glvo
this showing of present banking loans an
admonitory force. Requirements for the
coming Issues of railroad securities to
provide fqr improvements and other cor
poration needs are also kept constantly
In mind, as well as the open question of
additional reserves for the New York
Trust Companies and the payment for the
Panama Canal.
It is evident also that the present easy
money market Is being taken advantage
of for repayment on a large scale of for
eign borrowings. A reputable financial
authority has sent from London by cablo
during the week an estimate that 50 per
cent of our foreign borrowings have been
repaid within a recent period. The de
mand In the exchange market for remit
tance has lifted the rate to the gold export
level, and $500,005 In gold went to Paris this
week. It Is believed that the movement
will continue.
Of the more immediate factors in the
week's market the decision in favor of the
validity of the New York franchise tax
law found a short Interest In tho stocks
affected sufficient to cause a rise in their
price. The reactionary tendency of the
copper and silver markets has been re
flected in Mexican railroad stocks and in
Amalgamated Copper. Increases In net
earnings for March gave some temporary
strength to the coalers. Union Pacific and
St. Paul, while Atchison Ruffprwl cH-Vitw
from Its reported decrease. The Wintry
weatner in tne w est aroused some solici
tude for the safety of the crops, and In
the falling, off in the movement of grain,
gave ground for conjecture as to the ef
fect upon earnings of Grangers. The eas
iness of the Iron market and the resulting
attitude of waiting on the part of buyers
receives attention. The only notable ef
fect perceptible in the stock market- of
these various considerations Is to repress
speculative activity.
The increased supply of money has de
veloped some demand for a number of
railroad mortgages, but prices at other
points have preceded. United States new
Is advanced 1 per cent, as compared with
the closing call of last week.
PORTLAND MARKETS.
.Grain, Klonr, Feed, Etc.
Tfca local grain mark ft Is extremely inactive,
with prices almost -n-holly nominal.
WHEAT "Walla. Walla, 70071c; fclueatem.
7ff76c: Valley. 74 75c.
BAJEY-Keefi. $21622 per ton; brewing
(23: rolled, 523.
OATS Na 1 white; S1.10&U5: gray. $1,030
1.10 per cental.
SXOURYfiller, ?3.70 per barrel; htr4 whtit
straights. $5.3383.65; hard wheat patents, $3.05
f4.30: Dakota hard wheat. 54.1003.20; Graham.
3.1533.53.
MILLSTUFFS Bran. $20 per ten; ralddltns,
$20.50: shorts. $21; chop. U. S. mills, $17.50.
HAY Timothy $1B20; clover, nominal;
grain, $1&17 per ton; cheat. $15910.
BHtter, EckY- Poultry, Etc
The week closed with a firm market lor but
ter and eg&. Price on both articles wHl
doubtless be advanced with, the opening of
business tomorrow. Poultry cleaned up well at
the old prices.
BUTTER .Fancy creamery. 17H?20c per
pound; dairy, nominal; store, 16c
POULTRY Chickens, mixed. 123 12 Vic per
pound; Soring, l3H0Hc; hens, 12Uc: broil
ers. $4g5 per dozen; turkeys, live, 16JiiC'per
Sound; dressed. 2022c; ducks, $77.60 per
oxen; geese, $06.50.
CHEESE Full cream twins. lBVSc;, Young
America, 17c;- factory prices, lel&c less;
California, 16c
EGGS Oregon ranch. 1717c
Vegetables, Fruit, Etc.
Owing to the wreck up the road, no produce
came up from California' yesterday, but there
was a good supply, of Oregon lettuce, rhubarb
and asparagus on the market. Lemons have
advanced 25c Two cars of bananas ore In
transit from 'New Orleans. No strawberries
were received.
VEGETABLES Turnips, S0Q90C per sack;
carrots, California. $1.25; beets, 51.25 per sack;
cabbaage, 2&c; lettuce, head. 30a per dozen:
hothouse, $l.3U2 per box; green onions, per
dozen, 12Hc; peas, per pound. 5c; parsley, per
dozen, 25c; radishes, 15c per dozes; green
artichokes, 4U50c per dozen; asparagus. So
per pound; rhubarb, 234a per pound; cu
cumbers, $2.75 per dozen: tomatoes. $4.50 per
crate.
DOMESTIC FRUIT Strawberries. $2.50 per
crate; apples. Ben Davis, 50cJl.25 per box;
Genitan, $101.25; Spltzenbergs, Baldwins, New
town pippins, $1.50 if 2.
DRIED FRUIT Apples, evaporated, 74c per
pound; sun-dried, sacks or boxes, 6Q6c; apri
cots, 810c; peaches. 7&69c; pears, 7HS?Sl&c;
prunes, Italian. 4&Gc; ngs, California blacks,.
Oc; do white, 7c; Smyrna, 20c; plums, pitted.
4H(65c
TROPICAL FRUIT Lemons, $323.50 per
box; oranges, navels, $2.503 box; seedlings,
Ji! per box; tangerines, ?1.752; grape fruit,
$2.50 per box; bananas, 5c per pound; pineap
ples, if 5 6 per dozen.
RAISINS Loose Muscatel, -4-crown, "Sic: 3
crowi. 7c; 2-crown, 6c; unbleached, seedless
Muscatel raisins, 7c: unbleached seedless Sul
tans, 65ic; London layers. 3-crown. whole boxes
of 20 pounds, '$1.85; 2-crown, $1.75.
POTATOES Best Burbaaks, 50260c per sack;
ordinary, S543c, growers' prices: new pota
toes, 4&iic; Merced sweets, S3Q3Hc
HONEY 15c per No. 1 frame.
ONIONS Yellow Danvers, 40250c per cental;
Australian Browns. 50260c
Groceries, Ttatii, Etc.
COFFEE Mocha. 2322Sc: Java, fancy. 260
32c; Java, good, 20224c; Java, ordinary, lC'rt
20c; Costa Rica, fancy. 1822 oc; Costa Rica,
good; 1621e: Costa- Rica, ordinary, 10812c per
$1.05 per dozen: 2-pound tails, $2.40; fancy
1-pound flats. $1.80: -pound flats, $1.10;
Alaska pink, 1-pound tails, 63o: red, 1-pound
tails, $1.20; sockeye. 1-pound talis, 51.50; 1
pound flats, $1.60.
BEANS Small white. 4&c; large white. 4c;
pinks, 3c bayou, 3c; Lima, 5&c per pound.
SUGAR Sack basis, per 100 pounds; cube,
$5.77; powdered. $3.62H: dry granulated,
fcc per pound for spot' cash. Advances ' over
, o .uiiiici, juc: nan oar-
16210c per pound. Beet sugar, granulated!
$5.17V per 100 pounds.
$3.37U; Carolina head," $7.25; broken head. $t!
NUTS Peanuts. 0ic per pound for raw, 82
8Mc for roasted: cocoanuts. 85200c per dozen:
walnuts. 13,i14Hc per pound; pine nuts. 100
12c; hickory nuts. 7c: Brazil nuts, 16c; fil
berts, 15216c; fancy pecans, 17c; almonds. 14$
15c: chestnuts. 16c
SALT Liverpool. 60s. 45c per sack; half
ground, per ton. 50s. $14.50: 100s. $14; Worces
ter ealt. bulk, 320s, $5 per barrels; linen sacks,
50s. 6Cc per sack; bales. 2e. 3s, 4s. 5s and 10s.
$2.10 per bale.
OILS Pearl or astral oil. cases, 22Hc per
pound: Columbia roast, $10.75; Arbuckle's,
$11.13 list: Lion. $11.13.
SALMON Columbia River. 1-pound tails,
gallon; water white oil, iron barrels, 10c; wood
barrels, 18Hc; eocene oil. coses. 24He; elalno
oil, cases. 27V4c; extra star, cases. 25Hc: head
light oil. 173 degrees, cases, 24Hc: iron barrels.
ltc; benzine, C3 degrees, cases, 23c; Iron bar
rels. lOHc: stove gasoline, cases, 24Uc; Iron
barrels, 18c; 86 degrees gasoline, cases. 2SHc;
Iron barrels, 22c; linseed, boiled, cases, 50c;
barrels, 54c; linseed, raw, cases, 57c; barrels,
62c; turpentine, cases. 80c: wood barrels. 76V$c:
bulk. 74c: 10-case lots, 70c; Collier and At
lantic white and red lead in lots of 50 pounds
or..PLe' lesa than 500 pounds, 6Hc
HEAT SACKS In lots of 100. 636ic
Hops, Wool, Hides, Etc.
HOPS 1002 crop, lS20e per pound.
..H.iPESDrJ' h'a. No. h 16. pounds and up.
13215V: per pound; dry kip. No. 1. 5 to 16
pounds. 12c; dry calf. No. 1, under 5 pounds,
10c; dry salted bulls and stags, one-third leas
than dry flint; salted hides, steer, sound. CO
pounds and over. S3 9c; 50 to CO pounds. 728c;
under 50 pounds and cows, 7c; stags and bulls,
sound. 625c: kip, sound. 15 to 20 pounds, 7c;
veal, sound. 10 to 14 pounds, 7c; calf, sound,
under 10 pounds. Sc; green (unsalted). lc per
pound less: culls, lc per pound less, horre
hides, salted, each. $1.6022; dry, each. $11.50;
colts' hides, each. 25250c: goat skins, common,
each. 10215c; Angora, with wool on. each,
2c2$l.
TALLOW Prime, per pound, 425c: No. 2 and
grease. 2H23c
.VPOL Valley. 12H2lte; Eastern Oregon.
8214c; mohair, S3237HC
Meats and Provisions.
BEEF Gross, cows. $3.2524; steers. $4,250
5.25; dressed. S2S&C per pound.
VEAL 727c per pound.
MUTTON Gro3s, $525.25; difssed. 720c
HOGS Gross. $77.50; dressed, S28V4c.
HAMS 10214 pounds, 15o per pound; 14210
pounds, 14ic per pound; 18220 pounds, 14yc;
California (picnics). HHc: cottage hams, HHc;
union hams, 426 pounds average, none; shoul
ders, lie; boiled ham, 21c; boiled picnic hams,
boneless, 16c
BACON Fancy breakfast. 10c; standard
breakfast, 17c;- choice. 15Kc; English breakfast
bacon. 11014 pounds, 15c
DRY SALT MEATS Regular short clears.
12Uc 13Vic smoked: clear backs, lisjc rait.
12ic smoked: Oregon exports, 20323 pounds
average. 12Hc dry salt, 13c smoked: Union
butts, 100 IS pounds average. &Hc dry salt,
lOJsc smoked.
LARD Kettle rendered: Tierces. 12c; tubs.
12ic: 50s. 12?ic; 20s. 13c; 10s. 13M,c; 5s. 13Vic
Standard pure: Tierces. 12c: tubs. 12c; 50s,
12; 20s. 124c; 10s. 125jc: 6s. 12Hc Com
pound lard, tierces, S4c: tubs. 8c
SAUSAGE Portland, ham, 12Hc per pound:
minced ham. lOJic; Summer, choice dry. 17c;
bologna, long, Sc: Wienerwurst, 0c: liver. 7c;
pork, 10c; blood, 7c; head cheese, 7c; bologna
sausage link. Tic
PICKLED GOOD Portland, pigs' feet. -
$1.25. Tripe, -barrels,' $5.50: i-barrels. $2.73;
ti-barre
toncues.
pound kit. $2.25
$1.25. Tripe, -barrels, $5.50: U-barrels. $2.73;
15-pound kit. $1: pigs' tongues H-barrel. $6:
-barrel. $3r 15-pour.d kit, $1.25. Lambs'
tongues. H-barrcl. $8.23; U-barrel. $4.75; 15-
EASTERN LIVESTOCK.
Prices Current at Chicago, Omaba
nnd ICnnsaa City.
CHICAGO. May 2. Cattle Receipts, 100.
Good to prime steers, nominal, $5S5.50;
poor to medium, 54.25(55; stockers and feed
ers, $3.255.10; cows, 51.50&4.75; heifers,
$2.7556; canners, $1.502.80; bulls. $2.5084.50;
calves, $2.506; Texas-fed steers, 44.75.
Hogs Receipts today, SOOO; tomorrow,
30.000; left over, 2500. Market weak to 5
cents lower; mixed and butchers, $S.S0
7.50; good to choice heavy. J7S8.10; rough
heavy, $6.5006.93; light. ;6.60S.90; bulk of
sales, $6.S57.05.
Sheep Receipts, 1000. Sheep steady;
lambs steady; good to choice wethers,
$4.7585.50; fair to choice mixed, 33.15Sr4.75;
Western sheep, $4.4055.30; native lambs,
$1.5056.90; Western lambs, 54.60g6.90.
KANSAS CITY, May 2. Cattle Re
ceipts. 200; market, unchanged; native
steers, $3.9055.20; Texas and Indian steers,
$3.6054-80; Texas cows. 52.2554: Native
cows and heifers, $2.854.S0; stockers and
feeders. $3.3055; bulls. J2.7554.25; calves,
$256.80.
Hogs Receipts, 2000; market, slow,
weak, lower; bulk of sales. $6.7056.90;
heavy. 56.S056.95; packers, $5.7056.80; me
dium, 46.7556.S7i4; uBht 56.5056.75; York
era, $6.7056.75; pigs. 54.2556.50.
Sheep Receipts, 500; market, strong;
muttons, $3.8055.90; lambs. $4.S07; range
wethers, $3.8556; ewes, $3.7555.50.
SOUTH OMAHA. May 2.-Cattle Re
ceipts. 100; market, steady; native steers,
$4.2555.25; cows and heifers, 53.S554.40;
canners, 5253: etockers and feeders, $355;.
calves, $3,5051.60; bulls, stags, etc, $2.75
4.50.
Hogs Receipts. 5500; market, 5l0o
lower; heavy. $6.7556.80; mixed. $6,7215
6.75; light. 56.G056.70; .pigs, $5.5066.50; bulk
of sales, $6.726.75.
Sheep Receipts, TOO; market, steady;
fed muttons, J 4.7555.25; wethers, 51.503
5; ewes. 53.5054.10; common and stockers,
52.2553.75; lambs, 54.7557.-
Sew Yorlc Gottoa Market.
NEW YORK, May 2. The cotton mar
ket opened steady, with prices 153 points
lower, and closed steady at a reaction
from the decline. Futures closed quiet and
steady. May, 10.55c; June and July. S.9Sc;
August, 9.65c; September, 8.62c; October
and November, S.65c; December, s.Kc;
January;' g.Wc' Snot closed dull: mlddllnr
uplands, 10.75c; do Gulf, Ho. Bales, nons.
OREGON ONIONS HIGH
PAJfOY STOCK SELLS FOR. A DOLLAR
AT SAN FRANCISCO.
Potato Market Wealc and SlBgglsb.
for Old aad Xeir-Stravr ber
ries Are-Flentif uL
SAN FRANCISCO. May 2. Special.)
.Grain was higher for new crop futures
and easy for spot lots. Flour was dull,
April exports being only 32,000 barrels.
Bran and hay was very strong.
Nearly 400 chests of strawberries Ar
rived, but the quality was good and prices
advanced under an active demand. Four
more boxes of cherries wero received. In
cluding the flrstMjox from the Sacramento
River, and all brought fancy prices. Or
anges are now mostly of poor quality and
require careful sorting. Fancy repacked
navels are scarce and firmer. Lemons aro
steady. Limes are abundant and easy.
Ripe bananas are more plentiful, but
steady. Apples are quiet.
The potato market Is sluggish and
weak for old and new, receipts of the lat
ter largely increasing. Fine old onions are
scarce and higher. Oregons are Jobbing
up -to $L New onions are dull and weak.
Asparagus advanced sharply, as receipts
were light. Green peas were plentiful,
but steady under active demand. A small
shipment of Mexican tomatoes arrived by
express and brought stiff prices. Other
vegetables were quiet and unchanged.
The poultry market was bare of choice
stock, but plenty of poor were offering.
Dairy products show no change from pre
viously stated conditions. Butter and eggs
are steady and cheese weak. Receipts,- 88,
000 pounds of butter, 13,000 pounds cheese,
6,000 dosen eggs.
Wool was firm. Hops were quiet and
easy.
VEGETABLES Cucumbers. 25c6U;
garlic, 656c; green peas, 75c651: string
beans, 75c51.25; asparagus, 7oc5?1.23; to
matoes, 51.2556; onions, 25c55L
FRUITS Apples, choice. $2; do com
mon, 75c; bananas. 51.2553.50; Mexican
limes, $3.5054.50; California lemons, choice.
52.50; do common, 75c; oranges, $152.50;
pineapples, $253.
POULTRY Old roosters, $4.5055.50;
young roosters, $S10; small broilers, $253;
large broilers, $3.5054.50; fryers, $6,505
7.50; hens, $5.5056.50; old ducks, $556;
young ducks, 5658.
POTATOES Early Rose, 75590c; river
Burbanks, 35550c; river reds, 20535c;
sweets. 51.65; Oregon Burbanks, 65590c.
BUTTER Fancy creamery, 21c; do sec
onds, 20c; fancy dairy, 20c; do seconds,
18c.
EGGS Store, 16517c; fancy ranch, 20c.
CHEESE Young America, 12513c;
Eastern, 1651" c.
HAY Wheat. 51314.50; wheat nnd oats,
512.50514; barley, 511512.50; alfalfa, $105
12; straw. 421i550c per bale.
MILLSTUFFS Bran, $30521.50; mid
dlings. $27.50525.
HOPS-173452OC
RECEIPTS Flour, 5526 quarter sacks;
do Washington, 7620 sacks; wheat, 93 cen
tals; barley. 2475 centals; do Washington,
720 centals; beans, 1467 sacks; corn, 25 cen
tals; potatoes, 27S0 sacks; do Oregon, 530
sacks; bran. 945 sacks; hay, 6SS tons; wool,
1421 bales; hides, 7SS. v
XEWS WAS BULLISH.
Wheat Rule Quiet at Chicago, bat
Closes Firm.
CHICAGO, May 2. Wheat ruled quiet,
but bullish news, both local and foreign,
caused a strong tone to pervade the pit
throughout tho entire session. Firm
cables and reports of damage by frosts
started shorts to cover at the opening,
and prices were slightly higher at the
start, July being a shade to 145Vic up at
73c to 73Hc There was a small recession
on profit-taking, but the loss was soon
regained, and after selling at 72j6c July
firmed up to 7340, the strength of out
side markets and the bullish crop ad
vices from Europe being influential fac
tors in tho situation. With a good com
mission house demand, the market con
tinued steady the remainder of tho day,
July closing ?4c higher at 7373Vic.
Corn opened Arm on strong cables'and
smaller receipts than estimated, and tho
early strength was well maintained
throughout the day. After selling be
tween 45545c and 45&c, July closed
with a gain of c to 45545Hc
Oats contributed a decidedly bullish
tendency, with leading operators taking
an active part on that side of tho mar
ket The close was firm, with July ?a
c higher at 31?ic, after ranging be
tween 3131;4,c and 32&C.
Provisions started weak under the lead
ership of lard, which was still on sale
in liberal quantities, mostly by longs.
The market was well supported, how
ever, at the decline by packers, and the
whole list gradually became stronger.
Local prices for hogs were depressing
early in the session. July pork closed
7c higher at 517.07; July lard was a
shade higher at $9.25, and ribs wero up
5c at 59.45.
The leading futures ranged as follows:
"WHEAT.
Open. High. Low. Close.
May 78 79 78 7S
July 73 7314 72 73
September .... 70ft 71 70ji 71
CORN.
May 44H 44Vi 44
July 45V1 45 45 45
September .... 44 44 44 44
OATS.
May 32 33?1 23J4 33
July 31 32 31 32
September .... 29 29' 29 29
I MESS FORK.
May 18 00 I8 60 18 00 18 25
July 16 95 17 12 16 97 17 07
September ....16 55 16 72 16 55 16 70
LARD.
May 9 07. 9 15 9 OS 9 35
July 9 17 9 27 9 17 9 20
September .... 920 980 8 20 930
SHORT RIBS.
May 9 35 9 47 9 30 9 47
July 9S5 9 45 9 35 9 45
September .... 930 940 930 9 37
Cash quotations were as follows:
Flour Dull and steady; Winter patents,
53 5053 60; straights, 53 2053 40; Spring pat
ents, 53 3553 90.
Wheat No. 2 Spring, 7S579c; No. 3, 725
78c; No. 2 red, 7879c
Corn No. 2, 44545c; No. 2 yellow, 4Cc.
Oats No. 2, 335ic; No. 3 white, 33tfQ34c
Rye No. 2, 60c
Barley Fair to choice malting, 48555c
Flaxseed No. 1, $1 09; No. 1 Northwest
em. 5112.
Timothy seed Prime, $3 5053 55.
Mess pork Per barrel, $17 37517 50.
Lard Per 100 pounds, $9 1059 60.
Short ribs Sides (loose), $9 3559 45.
Shoulders Dry salted (boxed), 5S 505
8 62.
Sides Short, clear (boxed), 59 7559 87.
Clover Contract grade, $12 50.
Receipts. Shlpm ts.
Flour, barrels 182.000 15,600
Wheat, bushels 40,800 184.800
Corn, bushels 151.400 132,700
Oats, bushels 177.800. 229,700
Rye. bushels 14.300
Barley, bushels 22,000 7,700
Grata a ad ProGace at 71 cw Yorlc.
NEW YORK, May 2. Flour Receipts,
2595 barrels; exports, 17,203 barrels. Flour
had a fair trade at full late prices. Winter
patents, 53,7554.00; Winter straights,
53.5053.60; Winter extras, $205110;
Winter low grades, 52.6052.90.
Wheat Receipts, 70,200 bushels; exports,
23,945 bushels. Spot firm. No. 2 red. 83a
elevator, and 83c - afloat; No. 1
Northern Duluth. SSc f. o. b. afloat
Options opened firm and 4c higher on
short O0Yrn. Tht clo was steady with J
prices 5c higher. May closed S24c;
July 77c
Hops Quiet; etate common to choice,
1SC2 crop, 17SSlc; 1901 crop. 15518c; olds,
6510c; Pacific Coast 1902, 184J22c; 190L
15521c; olds. 6510c.
Hides Steady; Galveston, 20 to 25
pounds. 18c; California, 21 to 25 pounds,
19c; Texas, dry. 24 to 30 pounds, 14c
Wool Firm; domestic fleece, 28532c
Petroleum Steady; refined New York,
53.35; Philadelphia and Baltimore, $S.30r
do In bulk. 55.60.
Butter Receipts. 2300 packages. Market
steady; state dairy, 1721c; extra cream
ery. 22c; creamery, common to choice,
1721c
Eggs Receipts, 1100 packages. Market
firmer; state and Pennsylvania, 14c;
Western firsts, 15516c
Grain at Saa Francisco.
SAN FRANCISCO, May 2. Wheat
Stronger. Barley Stronger.
Oats Weak.
Spot quotations:
Wheat-Shipping, $L33L3S?i; milling,
51.455L55.
Barley Feed, $L065L0S?i; brewing,
51.125L15.
Oats Red. $1.105L22; white, 5L205L30;
black, $L075L15.
Call board sales:
"Wheat stronger;, cash, $L38; May, $L31;
December, $1.27.
Barley Stronger; May, $LC3; Decem
ber, 93c.
Corn Large yellow, $1.3051.32.
European Grain Markets.
LONDON, May 2. Wheat cargoes on
passage Arm, but not active; English
country markets firm.
LIVERPOOL, May2. Wheat Arm; No.
1 standard California, 6s 9d; French coun
try markets steady. Weather in England
unsettled.
' Closing Stock List.
DESCRIPTION
Atchison
do preferred
Baltimore & Ohio
do preferred
Canadian Paclhc
Canada Southern
Chesapeake &. Ohio....
Chicago & Alton
do preferred
ChL & Great Western.
do A preferred
do B preferred
Chicago & N. W
Chi. Term. & Trans ...
do preferred
C, C. C. & St L...
Colorado Southern ....
do 1st preferred
do 2d preferred
Delaware & Hudson...!
Del., Lack. & W
Denver & Rio Grande..
do preferred
Erie
do 1st preferred
do 2d preferred
Great Isor. preferred .
Hocking Valley
do preferred
Illinois Central
Iowa Central
Iowa Central pref
Lake Erie & West
do preferred
Louisville & Nash
Manhattan L
Met. Street Railway. ;
Mexican Central
Mexican National ....
Minn. & St Louis....
Missouri Pacific
Mo., Kan. & Texas ...
do preferred
New Jersey Central ...
New York Central ...
Norfolk & Western..
do preferred
Ontario & Western....
Pennsylvania
Reading
do 1st preferred ......
do 2d preferred
St L. & S. F
do 1st preferred
do 2d preferred
St Louis S. W
do preferred
St Paul
do preferred
Southern Pacific
Southern Railway. ....
do preferred
Texas & Pacific
Toledo, St L. &W;:..
do preferred ...........
Union Pacific
do preferred
Wabash
do preferred
Wheel. & L. Erie
do 2d preferred
Wisconsin Central ....
do preferred
Express companies
Adams American
United States
Wells-Fargo
Miscellaneous
Amalgamated Copper.
Amer. Car & F.
do preferred
American Linseed Oil.
do preferred
Amer. Smelt & Ref.
do preferred
Anaconda Mining Co.
Brooklyn Rapid Trans
Colorado Fuel & Iron
Consolidated Gas ....
Cont Tobacco pref ..
General Electric
Hocking Coal
International Paper ...
do preferred
International Power
Laclede Gas
National Biscuit .....
National Lead
North American ...
Pacific Coast
Pacific Mail
People's Gas
Pressed Steel Car ...
do preferred
Pullman Palaco Car.
Republic Steel
do preferred .......
Sugar
Tenn. .Coal & Iron..
Union JBag & Paper.
do preferred
U. S. Leather
do preferred
U. S. Rubber
do preferred
U. S. Steel
do preferred
Western Union
American Locomotive.
do preferred
Kan. City Southern.
do preferred
Rock Island
do preferred .,
3.6001 82j
1.5001
1.200
93
132
200 30
101 700
1001 22
100
100;
3,10-51
100
4.300,
1.400
1.600;
100
4.000
1.7C0
20.100
100
13,70OHO
37
24
173
253
m
67
55
172
253
34
67
65
117
142!
1.2001134
1.700
1,600
4001
500,
800
14.300
1,500
100
29
127
65
76
100
3.400
i,300
LOCO
200
200
600
5,600
100
2.600
L100
200
100,
200
100
24,200
200
100
200
200
200
1,100
200
400
100
400
200
1.200
300
100
2,600
1.600
100
100
200
200
400
26Vi
56
130
71
117
141
133
27
21
SO
109
26
65!
1
130
71
72
161
66
31
92
36
28
91
23
64
40
33
60
95
104
66
193
J
16
70
24
105
92
18
126
fri
60
35
84
So
26
SI
76
82
92
131
30
70
23
37
24
29
136
64
76
72
160
55
314
92
36
25
90
23
63
33
38
50
95
104
66
193
20
15
70
24
104
61
92
18
13!
94
23
132
91
31
70
22
74
37
179
16
29
S3
23
65
36
172
253
35
86
34
67
65
183
95
91
136
33
69
40
105
117
141
133
27
22
90
110
25
56
172
130
71
88
29
137
5o
83
66
76
80
71
22
54
160
1-S
60
31
92
36
25
42
27
23
32
24
-17
225
203
123
202
63
40
91
15
33
50
94
103
6C
64
211
114
193
20
15
70
44
97
43
24
97
60
33
104
60
92
215
18
77
125
64
73
50
35
84
85
26
51
43
76
15
60
35
84
So
26
93
20
51
43
76
Total sales for the day, 134,600 shares.
BONDS.
U. S. ref. reg. 2al06
do couDon ....103
U. S, .3s, reg..., 107
do coupon ..-io?
U. S. new 4s, rg.136
do coupon ....136
U. S. old 4s reg.110
do coupon 110
U. S. 6s. reg... ..102l
do coupon ... J.02
lAtchison adj. 4s. 90
u. & N. w. con.
7a 130
D. & R. G 4s.. 99
N. P. lets 71
do 4s 102
S. P. 4s 90
U, P. 4s 102
West Shore 4s... 110
Wis. Cent 4s .... 31
LONDON, May 2. Consols for money,
91 15-16; consols for account 91 15-16.
N. & W 72
do preferred ... 91
O. & W S0
Pennsylvania ... 70
Anaconda 6
Atchison S3
do preferred.. 99
B. & 0 95
Can. Pac... 135
C. & 0 45!
rv O. W 23
a. M. & St P. .165
D. & R. G 37
do preferred ..89
Erie 35
do 1st pref 63
do 2d pref 6S
Illinois Cent.... 133
L & N 121
Reading
do 1st pref 42
do 2d pref 34
Southern Ry 31
do pref. 5
S. P....Y 67
U. P...... 93
do pref. 93
U. S. Steel 36
do pref. 87
wanasn
M., K. & T.....i 26 do pref. 4
N. Y. IS.
Dally Treasury Statement.
WASHINGTON, May "2. Today's state
ment of the treasury shows:
Available cash balance $223,278,702
Gold , lll.S62,4
Moaey, Bxcaaage, Etc
NEW YORK. May 2. Time money easy;
CO days, 4 per cent; 90 days, 454 per
cent; six months, 4 per cent Money on
call, nominal; no loans on Saturday.
Prime mercantile paper. -par eeat
Sterling exchange is steady with actu&l
business in bankers' bills at 54.S7S6 for
demand, and 54.849054.8465 for 60 days.
Posted rates $4.8554.83. Commercial bills
54.8464.84.
Bar ellver, 54c
Mexican dollars, 42c.
Government bonds, steady; railroad
bonds, steady.
LONDON, May 2. Bar sliver steady,
25d per ounce.
Money,. 3 per cent
The rate of discount in the open market
for short bills it 3 per cent
The rate of discount in the open market
for three months bills is 3 per cent
SAN FRANdSCoTilay 2. Silver bars,.
64c per ounce.
Mexican dollars, 43c
Drafts-Ight 12c; telegraph; 15c.
Sterling on London-Sixty dayet .S5:
sight 54.SS.
iDownin
Bank Clearings.
Bank clearings of the leading cities of
the Northwest for tho week ending May 2
wero as follows:
. Portland. Seattle. Tacoma,
Monday 4 567.000 5 607.493 4 341.367
Tuesday 392.429
397.0S4
451.131
523,056
'266.963
675.959
636.135
629.170
675,179'
674.055
g, Hopkins & Co.
Established IS93.
WHEAT AND STOCK BROKERS
Room 4, Ground Floor Chamber o! Commerce
290. 66L
301,475.
290,571
246,693
Wednesday
Thursday ..
Friday
Saturday
Totals $2,597,728 53;698.002 51,742,3S7
Clearings for corresponding weeks in
former years were as follows:
Portland. Seattle. Tacoma.
52,20S,344
1S93
1S99
1900
1901
1902
1.715.224
.... 1.770.1S4
ACiifit omf im -i lit ion-
. . . - 2.59S.672 2;527.132 1.203,157' I Z
L Clearings and balances Saturday were fes
follows: " '- :-
Clearings. Balances.
Portland $266,968- $ 29.471
cseattie 574,055
Tacoma 216.99S
Spokane , 325,697
130.076
33.692-26,237
Imports and Exports.
NEW YORK. May 2. The total Im
ports of merchandise and dry goods at
the port of New York for this week
were valued at 51,976,931. Total Imports
of specie at the port of New York for
the week were 56S.SO0 sliver and "5210,000
gold. Total exports of specie from the
port of New York for this week were
5534,000 gold and 5449,100 silver.
A CHANCE FOR A FORTUNE
July Corn will Make many men rich within the next 60 days. We
do not make this predlctloa carelessly. . We have unqestioa
able Information, based oh actual facts, which leads us
to make this statement. Acting on our advice, our
clients have. In the past realized thousands from
Investments of hundreds. Our advice today Is
BUY JULY CORN
Because, of a most unusual comfiln&tioa of circumstances the Corn market at the
present time offers the "greatest opportunity ever known for the making of a fortune,
wlthln a very short period, on a comparatively small Investment
SEND FOR OUR CIRCULAR
And you will learn .facts that vlll prove astonlahtns to you. A study of the statistics
relative to the present world's stock of Corn and the prevailing market conditions,
and a comparison with the actual known demand for 1903 will prove staggering to the
majority of people, and wilt awaken- them to a realization of an opportunity Sot mak
ing a fortune which has never been duplicated.
OUR FACILITIES ARE YOURS
We are- corn specialists-, amTdevute our entire time and attention to that coni
modlty exclusively. We will give-you tyo services or our complete organisation and
help you to profit by the present situation. A small Investment may make y'ott inde
pendent; :--
LARGE"' CAPITAL NOT NECESSARY
Our plan gives small investments the protection of large, added capital, and we
keep our clients furnished with detailed statements of all transactions, so that they
kxlow Just whr& they stand in the market at all times. When dealing on 2-cent mar
gin, the customary one. $23 buys 1250 bushels: $30 burs "2300 bushels: 5100 buys
6000 bushels: 5500 buys 25,000 bushels. Every adavnee of 2 cents doubles your money.
HIGHEST; BANKING AND .COitMEKCIAL REFERENCES-
MERCHANTS; .BROKERAGE AND COMMISSION CO.
SUITE SI, GAY BLDG ST- LOUIS, MO.
"GAUGE INCREASE IX "GOANS.
Most Striking: Feature of XeTV Torlc.
Bank' Statement. .
, .NEW XORK, May fi. The Financier,
this week says:
The official, statement of the New York.
Associated Banks last week showed as the
most striking' .feature an increase .of ?13t
453,900 in loans. This was doubtless due to
negotiations incident to the payment of
about $3,500,000 on account of the new Erie
convertible bonds. . and also to the loans
of money which had been -accumulated 4 clearinghouse banks of .this elty for the
preparatory to the disbursement of ilay I week snows
interest and dividends. The banks sained
$4,735,600 in. cash, of which $3,163,200 was Loans
sish movement on the stock, exchange.
The Increase, In loan? appeared to have
been somewhat . unequally" distributed
among the banks, for six, of the larger
down-town Institutions showed a- gafn in
this item of about $8,060,000, of which
nearly $5,000,000 was by three .banks. Jive
of the larger institutions show a gain of
$G,40O,0QO. in specie- The. statement as a
whole is suoh as to encourage expecta
tions of a continuance of easy money;
this, however will, be appreciated, more
by stock exchange borrowers than by
lenders.
The statement of the . averages of- the
specie. This gain in cash corresponds
very closely with that which was esti
mated from tho traceable movements of
money during the week, this estimate be
ing $4,465,500. Deposits wero. Increased $18,
156,900 as the result of the gain in cash
and of the augmented loans. As these
Items called for an increase in deposits
of $1S,1S9,500, the actual gain thereof In
dicates an unusually harmonious state
ment. The required reserve was increased
$4,339,225. thus nearly offsetting the gain
In cash. Deducting the reserve require
ment from the increase in cash leaves
$196,325 as the gain In surplus reserve,
which item now stands at $11,181,850. Com
puted upon the basis of deposits less
those)f $7,267,400 of public funds, the sur
plus Is $20,4S9.950. It will be seen that the
Increase In loans resulting from the ex
ceptional operations during the week
above mentioned was entirely responsible
for the usually small gain in surplus re
serve. Had it not been for these opera
tions the surplus would have been mate
rially augmented.
The bank clearings for the week showed
a daily average of $11,000,000 more than
In the previous week, despite the slug-
Deposits'
Circulation
X.egal tenders. ..
Specie ;
Reserve
Reserve required
Surplus ll.181.So0
Ex-U. S. deposits. .... 20.49S.950
$914,079,000
. 905,760.200
. 43.5S6.000
70.183,600
167.4S3.300
237.621,900
226,440.050
Increase.
$13,453,900
18,156.900
48.000
1.572.400
3,163.200
4.735.600
4,539.225
196.325
192.675
Coffee and Sngnr.
NEW YORK, May 2. Coffee Futures
closed quiet and' steady, unchanged to 5
points higher. Sales, 5750 bags. Including
May at $3.70; July, $3.95, and September,
$4.15. Spot Rio, quiet; No. 7, invoice, 5sc;
mild steady; Cordova, 7c
Sugar Raw, steady; fair refining,
3 3-16c; centrifugal, 96 test, 3 ll-16c Mo
lasses sugar, 8c; refined steady; No. 6,
$4.45; No. 7. $4.40; No. 8, $4.35; No. 9, $4.30;
No. 10. $4.25; No. 11. $4.10; No. 12. $4.15; No.
13, $4.15; confectioners' A, $4.70; mold A,
$5.10; cut loaf, $5.25; crushed, $5.45; pow
dered, $4.95; granulated. $4.S5; cubes, $5.10.
Metal Markets.
NEW YORK, May 2. There was not
much change In the metal system from
yesterday, and the demand was. moderate,,
supplied in most, cases at quotations rul
ing Arm. Tip. firm;, spot qiibed at 30f
20.05c.. Copper, quiet and nominal; lakeV
electrolytic and casting, 14'.50l4'.75c. .Lead,
steady: spoU 4.37c. Spelter, quiet; spot,,
5.75c Iron, quiet and easy; unchanged.
DIlnliiR - Stocks.
NEW YORK. May 2. Mining
closed, today as follows:
Adams Con.....'.$0 20'LittIe Chief...
-Lllce , 34Ontario .-
Greece 20)Ophir
Brunswick Con. 4 50'Phoenix .
Com. Tunnel .. 6Potosl
Con. Cah & Va.. 1 401Savage
Horn Silver...:. 1 COjSierra Nevada
Iron Sliver 13S!SmalI Hopes .
Leadville Con... 2iStandard .......
stocks
...$0 07
... 6 00
... ff0
... "S
... 50
... 0
... SO
50
.. 3 00.
. SAN FRANCISCO. May 2, The. official
closing quotations for mining stocks today
were as follows:
Belcher .. ,.$0 52!OecIdental Con...$0 45
Best & Belcher. 1 45
Caledonia 2 00j
Challenge Con.. 44
Chollar 2S
Confidence 1 10
Con. Cal & Va.. 1 35
Crown Point ... 2S
Gould & Curry . 44UnIon Con..
Hale & Nora... 82iUtah Con .
Justice 8YelIow Jacket
Mexican 1 00
BOSTON, May 2. Closing, prices:
Ophir 105
Overman
Potosi
Savage
Seg. Belcher ....
Sierra Nevada ..
Silver Hill
4S
24:
23
17
75
90
94
49
46-
Adventure $ 9 25!
Allouez 6 50
Amalgamated . 64 001
Bingham 30 00
Cal. & Hecla .. 5 25
Centennial 29 50
Copper Range.. 63 37
Parrot $27 CO
Qulncy .116 00
Santa Fe Cop... 2 00
Tamarack 1 40
Trimountaln. ... 90 aO
Trinity 9 00
united states . ja'm
Dominion Coal.105 OOiUtah 25 00
Franklin 10 50!
Isle Royale .... 11 00
Mohawk 51 0W
Osceola 65 50!
Vietoria 57 00
Winona 115 00
Wolverine 7100
11
IAN GOLD FIEL
Across the Bering Straits From Nome, Alaska
THE NORTH EASTERN SIBERIAN COMPANY,
(LIMITED)
Owns the Largest Mining Concessions in the World
About 200,000 Square Miles
: AND OFFERS T6
MINING MEN MINING COMPANIES MINING PROSPECTORS
Better Conditions For Mining Than Can Be Obtained Elsewheiie, ;
FOR EXAM PLE n United States or Alaska you can secure, by location or purchase,
placer claims 1320x660 feet; quartz claims 1500x600? In the Yukon Ter
ritory, placer claims 250x250; 'quartz claims 1500x600 Subject to claim jumping; water rights
and other restrictions -and litigation,, while THE WQRTJH EASTERN SIBERIAN COM
PANY, Limited, whose concessions cover more territory than the states of Washington and
Oregon combined, grants the right to locate claims from 500x600 feet to 5000x2000 feet, accord
ing to the locator's financial ability to develop the location. Absolute protection and security, to
your rights. No claim jumping No receivers No litigation No stampedes. Only 200 men
can go this year. Must be experienced prospectors and have means to 'pay their own way.
If sent by companies or individuals- by grubstake or otherwise, THE. .NORTH EASTERN
SIBERIAN COMPANY, Limited, undertakes: , to profect!tfte'right of the'eompany- or individ
ual who has furnished the capital. ..,.-.....
Steamer Sails JUNE 1st, 1903, From Seattle
FOR FURTHER INFORMATION APPLY TO'
JOHN ROSEN E, Managing Director
THE NORTH EASTERN SIBERIAN COMPANY,
- - " (LIMITED)
Pioneer Building - - Seattle, Wash,
J