.THE SUNDAY OREGONIAK, PORTLAND, JANUARY 29, 1905.
15,
LETTING HOPS GO
Numerous Small Sales Made
In Past Week.
LARGE ' HOLDERS ARE FIRM
Constant "Feeding" by Timid Grow
ers Has Weakened Market Un
dertone Is Satisfactory Pick
ing Methods Criticized.
Hop ealts in the past week have aggre
gated about 200 bales, ranging' from prime to
choice While many of the sales were made
by dealers, still a large proportion of the hops
were secured from Email growers. Chinese
growers were prominent among the sellers,
eg Is usual at this time of year, when the
Asiatics get rid of their holdings in anticipa
tion of the Chinese new year and the annual
closing up of their accounts. The large
growers of this state who have not yet sold
re holding firmly, and nothing seems able
to shake their confidence in the future. Sales
reported in the past week ranged from a
.fraction over 2G cents to 27 cents. A Tacoma
j aper says a small lot of prime Taklmas was
sold at cents, but it Is difficult to see
bow there can be such a wide range between
"Washington and Oregon prices. "Boosting"
Is evidently still going on, but what the peo
ple connected with the hop industry want are
actual facts. '
While the surface conditions in the market
are undeniably weak, it can be stated there
Is a good steady undertone that would develop
more prominently but for the constant "feed
ing" that has oeen going on o late. Con
sumers are not going to force their way Into
the market and lift prices 'so long as weak
kneed holders arc offering their goods. When
these small holders have been disposed of.
the actual basis of the market will be dis
closed. There are some growers lef. who
yet want to realize, and they can be counted
upon to keep the market In its present wav
ering condition, but when this element has
been shaken out. things should improve.
A number of the largest consumers of the
East and the Middle West have not yet laid
In their stocks for the season's brewing, and
what is more Important a few of the largest
brewers abroad, using fully 30,000 bales an
nually, have thus far covered only a email
percentage of their requirements. These peo
ple will have to re-enter the market as buy
ers In the next few months, and this fact, to
gether with the indisputable figures of the
world's shortage, are amply sufficient to keep
up the spirits of speculative holders.
Various opinions are expressed as to the
Immediate future of prices, some dealers look
ing for a drop to 25 cents before the tide
begins to turn; but such speculation is of lit
tle moment, as one roan's opinion ts about as
good as another's.
A dispatch from London states that British
holders have pooled Interests and have with
drawn 40,000 bales of hops from the market.
but this has not been confirmed.
The following letter from Herman Klabcr
& Co.. bearing on an Important feature of
the hop Industry, has been received at this
office:
TACOMA. Jan. 25. To the Editor.) We
have just received a letter from one or our
London correspondents, and considering that
it Is of all lmportanc to the growers of
Oregon, we take pleasure In giving tou ex
tract of the letter referred to. which Is of
date January 7, 1005. and which reads sub
stantially as follows:
"Complaints are now coming in from
English brewers regarding the shockingly bad
picking of the Oregon crop of 1901. We ad
vise you to publicly inform your growers of
this and to impress upon them strongly that
they will ruin the reputation of tho Oregon
product unless their hops are cleaner picked
in future years."
Submitting the admonition of our London
friends to the careful consideration of your
growers, we beg to remain.
HERMAN KLABER & CO.
The natcst figures received from the Xew
York Custom-House show tho movement of
hops at that port to be as follows.
Receipts. Exports. Imports.
Bales. Bale. Bales.
Week nndlnir Jan. 20. 1.090 400 1.
Blnce September 1... 91.505 61.&S2 5,472
LETTER TO HOFGROWERS.
Krebs Bros. Tell Why They Believe Market
Will Advance
SALEM. Or., Jan. 28. Krebs Bros., hop-
growers of this city, have issued the follow
ing letter to the hops rowers of Oregon, giv
ing their opinion of existing conditions and
the ultimate outcome of the market:
We shall aim to answer some of the false
hoods or willful misrepresentations of the
bear element. Of course, we have no time
to reply specifically to every misstatement of
the bears which has been made in the news.
papers. We assume that the holders of hops
can sec through the fabrications of the bears.
In 1904 the United States produced 255.000
bales, or 6100 bales more than in 1903. In
1PM England raised 2S2.300 hundred-weights,
or 139.000 hundred-weights less than In 1903.
In 3903, during the entire year, our exports
amounted to 50.000 bales. During October.
Xovember and December. 1904. our exports
aggregated between 78.000 and SO. 000 bales,
or 30,000 bales more than the entire exports
of the hop season of 1903. At the beginning
of the brewing season of 1903 there were some
old hops extant, but at the opening of the
season of 1904 no sane man claimed a sur
plus. Tho weather in the Spring and Summer
of 1903 was the coldest throughout the world
that has been reported for 20 years. Still
the United States revenue reports show an
increase in the manufacture of beer. Experts
estimate the probable production of beer of
tho United State for the year 1904 at 51.000.
D00 barrels. Estimating the requirements at
U pound per barrel, we need 206,783 bales,
and. in addition. 10.000 to 12.000 bales are
roncumcd by patent medicine companies, yeast
manufacturers, bakeries, dyer-, etc. that
rtows a requirement of 210,000 to 218.000
bale. Subtracting the exports of 80,000 bales
from the crop of 253.000 bales, and taking It
for granted that the additional exports will be
equivalent to the imports, wc have remain
ing for home consumption 175.000 bales,
which shown a shortage of 43.000 bales.
One bale of shortage is mfflclent to bring
fabulous prices, because the hops are not
equally distributed among brewers. The
growers and a few speculators are holding
for high prices, which tnufit purely come. A
few brewers use ,a pound per barrel. Tho
majority use i to 1 pound, so we think our
estimate of pound per barrol Is reasonable.
In 1899. 1900 and 1901 the crop of the world
amounted to S.337.900 bales, or 614,000 more
than the total production for the years 1002.
1903 and 1904. Notwithstanding the surplus
Rt the beginning of 1002. the market ad
vanced to 27"A cents. The boars shouted that
the brewers had adopted a hand-to-mouth
peHcy and are using the surplus as "well at
old olds.
None of the bears have come out with sta
tistics attempting to show a surplus. All
ay the market will ultimately advance con
siderably. They want to put the market
down, so that they can buy cheap hops and
hold them for an advance: In other words,
they want to freere you out. why are they
io Interested In telling you the market will
decline? What motive have they in telling
you to sll? My friends, "there is method In
their madness." They want to make large
profit on your hops. What did they do In
1903? Tou know that the bears succeeded In
knocking the growers out of thousands of dol
lars. We kept telling the growers not to sell,
and the bears told them to sell. The result
wax that the dealers got hold of the hops and
the price advanced to 29c.
The buyers told you that If Krebs Bros,
think the market will advance, then why
Aoa't they buy? We did buy. bat then was
a limit -to our buying ability, otherwise we
would have made the greatest fortune that
ever has been made by .any firm In hops. To
day we would buy all the hops In the state
if we only had the money. We are satisfied
that the market will advance To better than
40 cents. We are not offering a bale for
sale. We will wait until the market ad
vances considerably. All the weak dealers
are sold out. so the buyers must come to the
growers. The growers refuse to sell, con-
sequently the price must advance.
We growers have it In our hands to put
this market to 50 cents. In May we will eee
the highest price. Of course, the market may
advance at any time, but we do not expect to
see the real high prices until April or May.
KREBS BROS.
Hops at Xew York.
NEW TORK, Jan. 2S- Hops Quiet. State,
common to choice 1904. 29036c; 1903. 303 33c;
olds, 14'lGc; Pacific Coast 1904. 2935c;
1903. 29382c; olds, 14glCc
rOKTXAXD MARKETS.
Grain. Hour, Teed, Etc
There is very little trading in wheat at the
moment. Some grain has been bought for
fhlpmcnt to St. Louis, and there is inquiry
from California, but nothing doing in an ex
port way. Farmers as a rule arc "low sellers.
WHEAT Walla Walla. 83c; bluestem. SSc;
Valley. S7c per bushel.
riOUM- ratents. st.eosi.so per barrel:
straights. S4.E0S-t.49: clears. 13.8584: Valley.
$4.1034.25: Daaota nard wheat. J 5. 50 3-7.50;
Graham, $3.&034; "whole wheat. $igl.2i; rye
flour, local, $5; Eastern. 15&3.10; oornrnral.
per ciuc,
BARLEY Feed. $22.60 per ton; rolled, $23.50
24.U.
oats no. i wwte. iusuQi) gray, w.35
1.40 per cental.
MILLSTUKFS Bran. 510 per ton: middlings.
$25; shorts. $21: chops. XL 5. Mills, $lfi: linseed
dairy iooas. 51s; linseea oumcat. car 101s. fz
per ton: less than car lots, $30 per ton.
CEREAL FOODS Rolled oats, cream, 90
pound sacks, $6.75; lower grades. $5tfG.25; oat
meal, steel cut. 50-pound sacks, $8 per barrel:
10-pound lacks, $1.25 per Date: oatmeal
(rround). 50-pound backs. 17.60 per barrel: 10-
pound sacks. $4 per bale; split peas. $4
per 100-pound sack: 25-pound boxes. $L1S;
pearl barley, $4 per 100 pounds; 25-pound
boxes. $1.25 per box: pastry Cour, 10-pound
sacks, $2.50 per bale.
HAi 1 lino in y. )Hffi per ion: cjover, ant
12; grain. 311S12; cheat, $12C?1S.
Vegetables. Trait. Etc
The demand for fruit and vegetables was
very quiet. A car of oranges was included
in the day's receipts.
VEGETABLES Turnips. $1 per sack: car
rots. $1: beets. $L25: parsnips. SL25: cabbace.
California lVrC, Danish 2c: lettuce, head.
SOc per dozen; parsley, 25c dozen; tomatoes.
$2 per crate; cauliflower. $1.9092 per crate;
egg piant, lusjiac per pound; celery, ws?C5c
per cozen; peas, 10c per pouau: beans, green.
12&c: wax. 11c: DCDoars. 8c ner oound:
sprouts. 6c
ONIONS Fancy. $232.25. buying price.
POTATOES Orecon fancv. SSOfcOc: common.
CO S76c, buyers' price; Merced sweets, VQ
liic; new uauiornia. sc per pound.
RAISINS Loose Muscatels. 4 -crown. 7ilc:
5-layer Muscatel raisins, "lie; unbleached seed
less sultanas. ec: London layers. 3 -crown.
whole boxes of 20 pounds, $1.85; 2 -crown, $1.75.
uuiKD riiuiT Apples, evaporated. CtfSHc
per pound: sundrled. sacks or boxes, none;
apricots, 10llc; peaches. USlOV.-c; pears,
none: prunes. Italians. 4G5c: French. 2ft3ic:
figs, California blacks. 6c: do white, none;
bmyrna. -uc: i am dates, ec; plums, pitted, Cc
JOJMESTit; FRUIT Apples. 4-uer Bald
wins. $1.25: Spitzenbercs. $L75Q2: cooking.
75090c: figs. S5c0$2.5O per box: cranberries.
iv.wttn per carrel.
TROPICAL FRUITS Lemons, fancy. $2,753
3.75: choice. $2.75 per box: oranges, standard.
$1.30Q:1.75: fancy, $L902; mandarins, G0G5s
per box: tangerines, $1.502 per box: grape
fruit. $2,750:3 per box: bananas. ZiQZy-c per
pound ; pomegranates, $z.za per box.
Butter. Eggs. IToultry. Etc.
The firmness an eggs was the featur in
this line yesterday. The poultry market was
weak, but cleaned up very well. The trouble
during the week was the poor city demand.
and but for shipping orders prices would have
gone lower.
EGGS Oregon ranch, 25c.
BUTTER City creameries: Extra creamery.
30S32'c per pound: fancy creamery. 224(2
27Hc State creameries: Fancy creamery, 25
eiuc; store ouiter. J-'ijlZHC
CHEESE Full cream twins, 13ffl4c; Toung
Americas. KniKC
POULTRY Fancy hens, 12H13e; old hens.
UtttJi-'c: mixed chickens, llfcHVc: old roost
ere. 9310c: do young, ll&ll&c; Springs, IK
10 --pound, nsrioc; Drouers, 1 to lH-pouna.
162Uc; dressed chickens. 13014c: turkeys.
alive, 17(817c: do dressed, poor, 17618c: do
choice. 2222&c; geess, live, per pound.
vc: od aressea. mwviVic: aucxs. old.
9; do young, as to size, $99.50; pigeons, $10
Lza; squaDs. JH 00.
Game Wild geese. $434.50; mallard ducks.
33&3.50; widgeon, l.703: teal. $i.3ogi.73.
Meats and Provisions.
BEEF-r-Dresscd. bulls, 2bGf3&c; cows, 334c;
country steers, Htjic
MUTTON Dressed. 507c per pound.
VEAL Dressed, 100 to 125. bitib'Jc per lb.;
125 to 200. DVitjOc; 00 ana up. -tooc.
PORK Drce&ed, 100 to 150. 6J4S7C per
sound: 150 and up. bVia.c.
HAMS Ten to 14 pounds, 12Uc per pound;
14 to 16 pounds, 12Vtc; 18 to 20 pounds, 12!c.
California (picnic), vc; cottage nam. Uc;
shoulders. 9c; boiled bam, 21c; boiled picnic
nam. noneieas. uc.
BACON Fancy breakfast. 18c per pound:
standard breakfast. 17c; choice, isc; English
breakfast. 11 to 14 pounds, uc; peach bacon.
13c
SAUSAGE Portland ham. 1214c per pound:
minced ham, 10c; Summer, choice dry, 17Hc:
bologna, long, 54c; weinerwurst, sc; liver, 5c;
pork. 9c; blood. 5c; headcheese. 12 He; bologna
taut age. link. 4ftt
DRY SALTED MEATS Regular short
clears, 9?ic salt. 10ic smoked; clear backs. 9s
salt. 10c smoked; Oregon export. 20 to 23
pounds, average, lOVtc salt, ll&c smoked;
Union butts. 10 to IS pounds, average. 8c
salt. Sq smoked.
PICKLED GOODS Plokled pigs' feet, -bar-
reis, $5; u-narreis. $2.73; i&-pound iut, fi.23
nickled time. W-barrels. $5: li-barrels. 52.75
15-pound kit. $1.25; pickled pigs tongues.
H-barreis. $n; u-oarreis. $3; 10-pound kits,
$1.50; pickled lambs' tongues, -barrels, $9
2 -barrels. $5.50: 15-nound kits. $2.75
LARD Kettle-rendered: Tierces. 9Jc; tubs.
lOiic: 00s. loifcc: zms. iwac; a us. ioxc: ss.
103ic. Standard purer Tierces, SHc; tuba.
8 -ic; 60s. sifcc: s, w&c; ios. sac; as. vc.
Compound: Tierces, H4c; tubs. C?ic; 60s,
Giic; 10s, 7Vc; as,
Groceries, Nuts. Etc.
COFFEE Mocha, 26iff2Sc; Java, ordinary. 18
C?20c; Costa Rica, fancy. 18920c; good. 10Q
18c; ordinary, logl-c per pound; Columbia
roast, cases, 100s. $13.50; 50a. $14; Arbuckle,
sia.ss: x-ion. tia.as.
RICE Imperial Japan. No. 1. $5.37.
Southern Japan, $3.50; Carolina, 4&S6c
brokenheaa. z,c
SALMON Columbia River. 1-pound tails.
$1.75 per dozen: 2-pound tails, $2.40; 1-pound
flats. ?i.sa: tancy. ii4-pouna nats, $1.80;
-pound .fiats, $1.10; Alaska pink, l-po&nd
talis, soc; rea, l-pouna iaus, socaeyea,
1-pound talis, $1.75: 1-pound flats. $1.85.
SUGAR Sack basis. 100 pounds: Cube. $6.50
powdered. $&25; dry granulated, $6.15; extra
L, $o.(io; goiaen to.oa; iruu sugar. 30.10, aa
vance over sack basis as follows: Barrels. 10c
half-barrels. 25c: boxes. 50c per 100 pounds.
(Terms: On remittance within 15 days, deduct
Vic per pound; if later than is cays and with
in 20 days, deduct Vic per pound: no dis
count after 30 days.) Best sugar granulated.
$5.05 per 100 pounds; maple sugar, 15318c
per pound.
SALT California, $9.50 per ton; $L30 per
bale. Liverpool, bos. ji&.W): 100. sis: zoos.
S14JW: nan ground, ions. K.i: ws. 35.75.
NUTS Walnuts. 13ic per pound ty sack. 1
extra for less than sack: Brazil nuta. 15c: fll
berts, 14c; pecans, jumbos. 14c; extra large.
l&c; aimonas. 1. J 1.. itic; cnesinuu. ItaJ
tans. 15c: Ohio. $4.50 ner 25-pound drum; tea
nuts, raw, 7fec per pound; roasted. 9c; pine-
nut&. I012ttc: uexory nuts. c; cocoanuts.
SSErPOc per dozen.
BEANS Small white. 9c: large white. 3c
pink. 3lic: nayou, srtc; una, oiic
Oils.
GASOLINE Stove gasoline, cases. 2414c: Iron
barrels, 18c; S deg. gasoline, cases. S2c; iron
barrels or drums. c
COAL OIL Cases. 2lc; iron barrels, 15Hc;
wood barrels, none: w ceg.. cases. sivc: bar
rels. 18c; Washington State test burning oils.
xceDt headllcnt. 4c per gauon niroer.
LINSEED OIL Raw. barrets. 54c; cases. 69c
Boiled: Barrels. 50c; cases. 61c; lc less la
250-galIon lots.
TURPENTINE Casis. S5c: barrels. Sic
WHITE LEAD Ton lots, 7Uc: 500-pound
lota. Tiic; less than bw-pouna jots, be
Hops. Wool. Hides. Etc
HOPS Choice. 27T2Sc per pound.
AVOOL Valley. lDQZOc per pound; Eastern
Oregon. 10ylc; mohair. 25S2&C per pound for
choice.
HIDES Dry hides. No. 1. 16 pounds and up.
15i15c per pound; dry glp. No. 1, 6 to 16
rounds. 12c: dry calf. o. 1. ender S sounds.
16c; dry salted bulls and stags, one-third lets
taau dry mm; eaitea niaes. steers, sound. ij
Sc; under SO pounds and cows. CHf7c. stags
and bulls, sound. 4&4Hc: ktp, sound. 15 to 20
pounds, 7c; under 10 pounds, sc; green (un-
salted;, lc per pound less; cults. 10 per pound
horse hides, salted. $1.5062 each: dry. $181.50
each; colts' niaea. zasoc eacn; goatskins,
common., 10316c each; Angora, with wool on.
25cC$l
TALLOW Prime, per pound. 4Q5c; No.
and great. 2Hg3c.
New York Cotton Market.
NEW YORK, Jan. 28- Cotton futures
cloeed steady, about 2 6 4c nt higher. Janu
ary, B.Tlc. February. 0.73c; March. 6.S0c
April. tt.83c; May. 6.S7c, June, 6.04c. Jury.
6.97c; Acgust, T.vlc
STOCKS PUSHED UPWARD
DECISION IN SECURITIES CASE IS
EXPECTED MONDAY.
Union Pacific Advances Sharply on
enormous Dealings inner Af
filiated Issues Strong.
NEW YORK. Jan. 2S. The sudden out
break of pyrotechnics in a group of stock
which Is sensitive to developments in the
Northern Securities case was the feature ot
the stock market, and these occurred late
In the session of the market. Union Pacific
was the central figure, and broke through the
restraint which has held It below 120 and
was rushed up to 121i. The transactions on
the rise were in enormous volume. St. Paul
responded vigorously, and sensational ad
vances were made by Great Northern and
the Chicago Northwestern group. Northern
Securities itself In the curb market was rush
ed up several points above its previous high
price, to the neighborhood of 153. There
were large transactions in Erie throughout
the eesrion. but the stock encountered heavy
profit taking. It has been the professed ex
pectation for several days past that the de
cision of the Supreme Court In the Northern
Securities Company would be handed down
at Washington Monday. Beyond this there
was nothing to explain the excitement re
garding these stocks.
The tone of the general market showed
strength, but by no means in the same de
gree as in this special group. The greater
activity which developed after the appear
ance or the hank statement was probably
not due to Its showing, although the gain In
cash reserve was much larger than was prom
ised, and the loan expansion hardly as great
as was expected. With gold going out In a
stream because there was no adequate use
to be found for It at this center, any accu
mulation of banking reserves here had little
Importance.
The strength and activity of a large num
ber of obscure Industrials was still a lea'
ture today. Outside of the buoyancy In the
transcontinental group, the market closed
slightly Irregular. Total sales of bonds were
5.440.000.
The crisis in Russian affairs which devel
oped last Sunday has been a dominant In
fluence this week on all the world's securl
ties markets, and New York suffered its full
share ot the shock. Monday's outlook seemed
to threaten Immediate revolution in Russia.
and whatever might be the opinion of the
ultimate results to flow from such an event.
Its immediate effects could not be contem
plated with cquanamlty in the world of fl'
nance. The holdings In this country of Rus
slan securities, outside some of the great
Insurance companies are known to be small.
and English investments in them are small
But holdings In France and Germany are
eonaous, and "the effect on those markets of
the overthrow of the authority of the con
trading power would evidently Involve a con
vulsion in the markets Immediately affected.
Other markets, in the close bonds which now
knit them together, could not possibly escape
the serious reflex effects of a commotion In
the Paris and Berlin markets. The very
fact of strength in the outside markets woeld
throw upon them a heavy burden of the
liquidation by the weak centers. It was
-promptly demonstrated that the Paris and
Berlin markets were not demoralized by the
conditions In St. Petersburg, and greater
tranquility was consequently restored in all
markets.
The local market withstood the shock with
good resistance. But after the first recovery
there was considerable speculative llqulda
tlon, which was believed to come from the
sources responsible for the large operations
of last week on the long side of the market
In the cnvlctlon that the Russian complica
tion would serve as a sufficient repression on
the demand for- securities to cloud the hope
of any large advance in prices until It had
been cleared up.
The market of the latter part of the week
In New York showed clearly the benefit of the
shaking out of the weak holdings overhanging
tho market, and also of the clearing up of
the Russian situation. The industrial dis
turbances and the discontent In Russia were
looked upon as containing an element of prom
Ise In the coercing Influence they might exert
towards the conclusion of the war In tho far
East. For several days the markets were
regaled -with rumors of proposed steps toward
mediation between the belligerent powers to
end the war.
The great storm was a depressing influence,
and the downward turn in the rate of gross.
earnings of railroads for the second and third
weeks of January and the testimony of rail
road traffic officials to a lull In the trade ac
tivity of the interior give additional force to
the consideration of traffic conditions. Dis
putes over grain rates as between the Gulf
and Atlantic port lines bore on the same
question.
While the reaction was in progress stress
was laid on the demands of local traction
employes In New York, the projected Con
gresslonal investigation of the United States
Steel Corporation, the authorization of a $50,
000,000 bond Issue by the Atchison, and the con
tinued discussion of measures for Government
control of freight rates. These considers
tlons dropped out ot sight with the recovery
In the market. The agreement reached by
the Pennsylvania and the Inter-Borough Rapid
Transit with their employes eliminated those
Influences. The reports of large orders placed
with the United States Steel Corporation help
ed the recovery In those securities. The strong
Influence of the widespread belief in the work.
Ing out of important projects Incident to the
Northern Securities settlement reasserted It
self, and the determined accumulation of the
Eries at all levels festered a belief in Its In
elusion in some large deal. The Southern
Pacific refunding was the subject of varying
surmise in the absence of official lnforma
tion, but the effect was strengthening on the
Karri man stocks. The prosperity of the an
thraclt trade established a firm support for
the coalers. The resumption of operations
In the Fall River cotton mills was regarded
as a factor of far-reaching Importance In the
general business outlook.
The. great abundance of money resources and
the persistent case of loan rates kept alive
confidence In the absorptive power of capital
and ot- Its being forced Into the securities
market to find adequate and profitable em
nloyment.
The pressure of capital into available In
vestment was especially conspicuous In the
bond market and led to a broad and actlv
demand for bonds, especially for all grades
yielding a return of 4 per cent or upward
on the investment. There was also a con
tinued demand for a number of the favorite
speculative bonds. United States 2s advanced
U and the new 4c U per cent on call on the
WMk KTOCK QUOTATIONS.
Closing
Sates. High. Low. bid.
Atchison 3.200 S7i S7H S7H
do preferred !. 101 101 100t
Atlantic Coast Line.. 200 1354 125
Baltimore & Ohio
2.500 162 102 102
do preferred
Canadian pacific ....
Central of N. J
Chesapeake & Ohio..
niiMto jc- Alton.....
StJ
7.4(0 133 133U 1
SOT IVb 1U5 114
3.400 48 48 4S
200 42 42 4Z
do preferred 200 83i 82
Chi. Oreat Western.. 7.600 23?i 22
Oh I Jt- Northwestern. 8.400 240 22tSW
231
Chi., Mil. & St. Paul 35.100 176 174 176
i rm icv isic iwu
18
do preferred
?1H
C. C. C i St. L...
Colorado He Southern,
do 1st preferred....
do 2d preferred
Delaware &. Hudson.
24
62
nfiu.
00 183 182 183
DeL. Lack. 4: West. ...
Denver & Rio Grande
do preferred 200
Erie 104.400
do 1st preferred.... 7.600
do 2d preferred 5.000
Hocking Valley
..... .....
31
86 86 86
43i
81 fil 81
67U 66
tflH
Co prererrea
Illinois Central
Iowa Central
do preferred
Kan. City Southern..
LSOO 15S 1C7 15S
100 30 30 29
55
w a
700 59 58 5S
do preterm! ...
Louisville & Naihv- 1,800 137 137 137
AUltiSUKU 1-.. ..... ..... i IU
Metroo. Securities... 100 76 76 76
Metropolitan St. Ry.. 500 116 116 116
Mexican central .... i.iw
Minn, fc St- Loulfl 55
M.. St. P. & S. S. M. 1.000 5 SW ST
do referred 500 15S 157 156U
Missouri Pacific .... 43.000 16 103 10S
Mo., Kan. & xexas.. .w 3 sz
do preferred 6O0 66 65 65
National of Mex. pfd. 600 43 43 42
New York Central... 11.500 145 144 145
N. Y-. Out & West. 3.300 45 44 44
Norfolk & Western.. 300 79 73 7
40 preierrra ............ ..... ..... ui
Pennsylvania 18.900 1S7 136- 137j
78
Reading 12.400
do 1st preferred.... -200
S3
92
87
91
ST.
91
do 2d preferred... .....
Rock Island Co. 13.200 2A
An nMfrmtA At C11.
87
5
33 a
Kl
81 HI
lEt. L t S. F. 2d pfd. 200 70
.0L 70
9.50O 32i 31
900 9ft 94
6.200 25 23
100 61 61&
St. L- Southwestern.. 300 26H 25K
25
67i
118
34
97.
34
35
53
07
21
43
18
21
45g
240
223
120
240
72
do preferred Bl w
Southern Pacific .... 31,600 67T1 66
do preferred ....... M 11BH
Southern Railway 4,900 34i 34U
co nreferrea ww 7
Texas . Pacific ... 1.600 34
Toledo, St. L. & W.. 200 36
33?J
5314
llBti
21S
43
18
m
uo prererred au .vivs
Union Pacific 163.500 121
do preferred 00 w
200 21H
300 43i
100 IS
600 22
100 45
do- preferred
Wheeling & L. Erie.
Wisconsin Central ..
do preferred ....-.
Express companies
Adams
American
United States
Wells-Fargo
Miscellaneous-
Amalgamated Copper
Amer. Car & Foundry
9.700
1.100
400
100.
"406
700
72 v72
33. 33
33
93
33
93
6
svl
Vi
37
111
8C
119
142
94
106
61
4S
202
20
76
37
1S5
21
76
38
86
27
1
43
107
uo preferred .. .
93
93
American Cotton OH.
34
34
do preferred ......
American Ice .......
c
37
6
37
Co preferred
American Linseed Oil
co preferred j- .....
American Locomotive 8.900 37
37
111
do preferred XfiOO 1114
Amer. Sm. A Reflnlnr 11.500 844
85U
ao preferred ....... 1.300 nsii
Amer. Sugar Refining S.30O 142U 141
Am. Tobacco pf. cert. 600 94H 94&
Anaconda Mining co. -too 107 lin
Brooklyn R. Transit. 800 01 00
Colorado Fuel & Iron 3.100 46 45H
Consolidated Gas ...
2,400 2031; 202V,
Corn Products .......
do preferred
100 76l5 72ii
100 37 37
fino 165H 184
.Distillers' Securities.
General Electric ....
International Paper..
00 prererred
200
100
77U
Internationa Pump..
3SU 3Sti
ao prererred
National Lead ..
North American ....
3,900
300
274
444
99
Paclflo Mall
People's Gas .......
Pressed Steel Car....
400
4Z
1.000 107U J06
600 36i 36H
200 D1U 91
36
do preferred .......
91
240
C33
Pullman Palace Car.
Republic Steel 1.300
16U
sir
27
1ft
69
26
95
71
co preferred 300
Rubber Goods 800
20i
94
71
13
do preferred 400
Tenn. Coal & Iron... 200
U.
S. Leather 3.900
ISTi
13
do preferred 900 102U 102
10
S. Realty 1.700 fxv SO
80
3C
100
30
U. S. Rubber 1.300 37U 37
do preferred 500 100 100
U.
5. Steel 40.400 31 30
do preferred 47.000 O.Vi 04 U
94
Va.-CarolIna Chemical 500 34$i 34 U
34
do Preferred
1UT
180
Wertingbouse EJc... 100 1804 lSO-i;
Western Union 200 92 XCM
92
Total sales for the dar.- 704.200 shares.
BONDS.
NEW YORK. Jan. 2S. Closing quotations:
U. a ret. 2s rg.l04iiAtch!son Adj. 4s 95
do coupon 1044!D. & R. G. 4s.. 101
U. a 3s reg 103N. Y. Cent. lets. 100;
do coupon.... 104 Nor. Pacific 3s.. 77
U. S. new 4s rg.l30HNor. Pacific 4s.. 105
do coupon. ...131So. Pacific' 4s... 96T
U. S. old 4s reg. 105 Union Pacific 4s. 103
do coupon 105WIs. Central 4s. 92
Stocks at London.
London, Jan. 28. Consols for money,
SS 1-1C; consols for account. SS 9-16.
Anaconda 5
Nor. ti West..
.. Sl
.. 93
.. 46
Atchison 89
do preferred.
do preferred.. 103
Ont. & West..
BaL & Ohio 104
Can. Pacific 136
Pennsylvania .
Rand Mines. . .
Reading
.. 70
.-. 11
.. 44'
.. 47
.. 44
Ches. & Ohio.. 49
C. Gt,' West 23i
do 1st pref..
do 2d pref..
C M. & St. P.. 170
De Beers 17
So. Railway...
.. 33
.. 09
.. 68
..122
..100
D. & R. G I 32
do preferred.
do preferred.. 78
So. Pacific...
Erie 44
Union Pacific.
do preferred.
U. S. Steel....
do preferred.
do l.t pref... 81
do 2d pref.... 63
. 31
Illinois Central. 159
. 96
Louis. & Nash. 147
Mo., Kas. & T. 42
N. Y. Central.-.14S
Wabash
. 22
do preferred.
. 4
Bank Clearing)!.
Bank clearings of the leading cities of the
Northwest yesterday were as follows:
Clearings. .Balances.
Portland $3G2.2tO $ 01.127
Seattle 664.878 224.850
Spokane 396.190 62.723
Clearings of Portland and Seattle for the
week were:
Portland. Seattle.
Monday
Tuesday .......
, $ 656.335 $ 803.032
UHS;OGI 75H.047
.. 553.817 674.534
Wednesday
Thursday
427.442 784,920
Friday
Saturday
... 470,757 695,313
.. 3624ICU 661,878
Totals $3,069,361 $4.3S3.7uO
Clearings for the corresponding week In for
mer years were:
I'ortiand. Seattle,
1900 $1,513,924 $1,864,167
1901 1.718.944 1.948.875
1902 2.205.724 2.72S.5S3
1903 3.34Z.454
1904...". 3,369,157 3.675.770
Money, Exchange, Etc
NEW YORK, Jan. 2S. Money on call,
nominal; no loans. Time loans, steady; 60
days. 2 (?3 per cent; 90 days, 3 per cent
six months. 3 per cent. Prime mercantile
paper. 3 4 per cent.
Sterling exchange firm, with actual bust
ness In bankers bills at $4.87S5(r4.SS8 for
demand and at $4.85306' 4. S3 CO for 60-day
bills. Posted rates. $4.8604. SS. Com
mercial bills. $4.84 045.
Bar silver. 01 a
Mexican dollars, 47c.
Government bonds, steady; railroad bonds,
firm.
SAN FRANCISCO. Jan. 28. Silver bars.
61c; Mexican dollars. 50c Sight drafts.
7c: telegraph drafts. 10c Sterling on
London. 60 days. $4.86; sight, $4.SS.
LONDON, Jan. 2S. Bar silver, quiet, 2Sd
per ounce. Money, 202 per cent. The
rate of discount in the open market for
short bills is 2 7-16?2 per cent: the rate
of discount In the open market for three-
months' bills is 2 per cent.
, Dally Treasury Statement.
WASHINGTON. Jan. 28. Today's state
ment of the Treasury balances In the gen
eral fund shows: -
Available cash balance $135,198,838
Gold 53,035,563
LIVESTOCK MARKET. ,
Prices Quoted at Portland Union Stockyards
Yestfrday.-
Recclpts at the Portland Union Stock
yards yesterday were 325 shesp and 00
cattle. The following isrices were quoted
at the yards:
CATTLE Best Eastern- Oregon steers. $4
4.25; cows and heifers. $363-25.
HOGS Best large, fat bogs. $5.50; black
and China fat. $'.5094.75 J
SHEEP Best Eastern Oregon and Val
ley, $4.2504.50. -.
EASTERN LIVESTOCK.
Prices Quoted at Kansas City, Omaha and
Chicago.
riTlfTAnrv Jan. 23. Cattle RecelnU. 300
market- steady. Good to prlmo steers. $5,409
CJ30: poor to medium. $3.5065.20: stockers and
feeders. $2564.25; cown. $L25S4.23; heifers.
$265; canners, $1.2582.55; bulls. 5233.90;
calves, $2.4utf.25.
Hnn Recelnts today. 3S.000: Mondav. 55.
Cob; market, 510c lower. Mixed and butch
ers. $4.6564.75; good to choice heavy, $4,706
4.62; rough heavy, $4:5584.65; light, $4,550
4.65; bulk ot sales, $4.C0U4.id.
Sheep Receipts, 1000; sheep, steady; lambr,
weak. ' Good to choice wethers. $4.9065.60;
fair tn choice mixed. $484.80: Western sheen.
$4.3065.55; native lambs, $5.5067.60; Western
lambs. $5.506 45.
snrrrir OMAHA. Jan. 29. Cattle Receints
400; market, unchanged. Native steers. $3,500
5.50: stockers ana iecucr.
ttnn Recelcts. .12.700: market. 10c lower.
Heavy, $4.6564.70; mixed, $4.5064.55; light.
$4.4064.55; pig. $o-ot-4; duik of sales
Sheep Receipts, none; market, nominally
steady.
. y
v-ivcis riTV Jan. Taftlr- TJ-In(.
'stockers and feeders, $2.7564.15; Western fed
alters, $3.5065.35; cows,
un RArvlrai SflOOi market, weak tn
lower. Bulk of sales. $4.6064.60; heavy, $1.75
tft.K; pigs ana usau, mi iu.
Earthquake Smashes Glass.
GADS.DEN, Ala.. Jan. SLpadsdto. and
Attala experienced an earthquake shock;
durinp the night. In some instances
glassware was thrown Xrom tables.
CURED-FRUITTRADE LIGHT
BUT GENERAL TONE OF MARKET
REMAINS FIRM.
Foreign Inquiry for Frunes, but at
Low Prices Cereals
More Active.
.
SAN FRANCISCO. Jan. "28. (Special.) Sea-
sonal dullness continues in' California cured
fruits. Evaporated apples are firmer and
quoted a little higher on the best grades.
Apricots, peaches, pears, plums and silver
prunes show light stocks. The general tone
ot the market remains firm. Some foreign In
quiries for prunes are coming, but European
buyers' Ideas are too low. and little business
is resulting. Prices have & wide range ac-
"corfllng to s4ze and circumstances ot sale.
The raisin market Is Inactive and conditions
remain as heretofore reported.
Leading cereals were slightly more active
and better sustained. The stubborn strength
of the Chicago market helped wheat. Barley
was strengthened by the sale of 50C0 sacks
choice feed to an Oakland mining concern at
$L2l. the top notch cash price of tho sea
son. The statistical poslUon of barley Is very
strong. Stocks all over the state are light
and leading operators are bullish. Oats, feed
stuffs and flour aro firm.
Oranges are still depressed, with liberal
stocks on" hand, but dealers expect more move
ment next week, chiefly In large sizes, on ac
count of the Chinese new year celebration.
Only high grade apples show firmness. Com
mon grades -are abundant and easy, with
large receipts expected next week. Bananas
are overplcntlful.
The demand tor potatoes Is light, but prices
are unchanged. Onions are In larger supply.
but holding steady for fancy.
Butter is quieter. Cheese and eggs are
easy. Receipts. 28,900 pounds butter, 10,600
pounds cheese and 10.500 dozen eggs.
VEGETABLES Garlic 810c; green peas.
36Cc; string beans. 6612c; tomatoes, $16
1.50; egg plant. 8610c.
POULTRY Turkey gobblers. 19621c: roosi
ers. old. $4.5063; do young. $3.5066.50; broil
ers. small. $2.5063; large $383.50; fryers.
$4.5065.50; hens. $4.5066.50; ducks, old, $4.50
65.50: do young. $C67.
CHEESE Young America. ll812c; East-
em. 13615c
BUTTER Fancy creamery. 29c; creamery
seconds, 26c; fancy dairy, 25c; dairy seconds,
22c
EGGS Store. 24625c: fancy ranch. 27c
WOOL Lambs', 16618c
HAY Wheat. $10615; wheat and oats. $10
14; barley. $9611; alfalfa. $9611.50; clover, $T
69; stock. $566; straw. 45083c.
MILLFEED Bran. $20.50611.50; middling?.
$25.50628.
HOPS 1904. 27630c.
FRUIT Apples, choice, $1.73; do common.
60c; bananas; $75c62.50: Mexican limes, $4.50
65; California lemons, choice. $2.50; do com
mon. $1; oranges, navels, $162; pineapples,
$1.5063.
POTATOES Early Rose. $1.2061.35; River
Burbanks, 75995c; River reds, 53C3c; Salinas
Burbanks, $161.40; sweets. 90cQ$1.10; Oregon
Burbanks. $161.30.
RECEIPTS Flour. 13.255 quarter sacks;
wheat, 55.000 centals: barley, 1200 centals;
oats. 483 centals; beans. 2372 sacks; corn. 750
centals; potatoes, 3634 sacks; bran, 6S5 sacks;
middlings. 750 sacks; hay. 506 tons; bides.
2100.
LIGHT TRADE IN WHEAT.
Revised Figures on Surplus of Argentina
and Australia.
CHICAGO. Jan. 28. Reflecting lower prices
at Liverpool, the market here was easy at the
opening. May started c to c oft at $1.15
to $1.15. The decline abroad was said to be
due to Increased shipments from Australia.
At the start there was considerable scattered
selling, commission houses and pit traders
being prominent on that side ot the market.
The slight decline, however, brought out a
fair demand from shorts. In consequence.
there was soon a firmer undertone. May ad
vanclng to $1.16. Receipts In the North -wes
today were quite small, and news of the cash
situation at Minneapolis was rather bullish.
A revised estimate made by an English crop
expert regarding the exportable surplus of
wheat from Argentina and Australia ma
terially reduced former figures. This gave
some activity to shorts and resulted In add!
Uonal covering. Trading, however, was com
paratively light throughout the entire session.
The market closed firm, with May at $1.15.
Selling by cash houses and scalpers caused
a rather weak corn market. May opened un
changed to c lower at 45c to 45c, and
closed at 45c
Larger receipts than expected were partly
rcsponslble for a small decline In the price of
oats. May opened -.a "nhade to c lower at
31c to 31c to 31c. and closed at 30c
A decline of 10 cents In hog prices started
moderate profit taking In provision, and re
sulted In lower prices throughout the list. At
the closo May pork was oft 12615c, at
$12.82. Lard was down 7c at $6.95. Ribs
were, off 265c at $6.82.
The leading futures ranged as follows
WHEAT.
Open. High.
Low. Close.
$1.15 $1.15
.OSh
42
.44 .45
.4 .45
30
.30 .30
.30 .30
12.65 12.65
12.82 12.82
6.75 6.77
6.95 6.95
7.07 7.07
6.60
6.80 6.82
6.95 6.93
May $1.15 $1.16
July 9S .98
CORN.
January
May ....
.45 .45
.45 .45ft
OATS.
July
January
May
July
.31
.3U
'-30
MESS PORK.
12.70 12.70
12.05 12.95
LARD.
6.77 6.77
January
May
January ..
May 6.97 0.97
July 7.07 7.10
SHORT RIBS.
January
May 6.S5
July 6.95
6.85
6.97
Cash quotations were as follows
Flour Steady: Winter patents, $5.105.20
straights. $4.8065; Spring patents. $565.50;
stralght. $4.5064.90; bakers. $2.6063.80.
Tieat No. 2 Spring. $1.1261.16; No. 3. $1
61.15; No. 2 red. $I.171.19.
Com No. 2, 43c; No. 2 yellow, 43c
Oats No. 2. 30c; No. - white, 31c; No.
white. 50g31c.
Rye No. 2. 75c '
Barley Good feeding. 37c; fair to choice
malting. 4348c
Flaxseed No. 1, $1.16; No. 1 Northwestern.
$L23.
Timothy seed-Prime. $2.S092.S2.
Mesa pork Per barrel, $12.65612.70.
Lard Per 100 pounds. 8.77.
Short ribs sides Loose, $6.5066.70.
Short clear sides Boxed. $&626.87.
Clover Contract grade, $12.50.
Receipts. Shipments.
Flour, barrels .
Wheat, bushels
Com, bushels ..
Oats; bushels . ,
Rye. bushels .
Barley, bushels
........ 11,700
18.200
.119.100
93,500
120.600
253.400
127.100
, LOGO
54,200
147.500
9.400
2S.600
Grain and Produce at New York.
NEW YORK, Jan. 23. Flour Receipts,
4300 barrels; exports. 11.200 barrels. Steady
but dull. Minnesota patents. $565.20: Min
nesota bakers. $4.30 9 65; Winter patents.
$5.3065.65; Winter straights. $5.2565.40
Winter extras. $3.6564.30; Winter low
grades. $3.43 64U0.
Wheat Receipts. .24.000 bushels. Spot,
steady; No. 2 red. nominal, elevator; No.
red. $1.24 f. o. b. afloat; No. 1 Northern
Duluth. $1.28 t. o. b. afloat; No. 1 hard
Manitoba. $1.1161.11 t. o. b. afloat. Op
tions opened lower on account ot poor ca
bles. prospective bearish statistics on Mon
day and realiring, but rallied by bull sup
port, closing dull at a partial c net ad
vance. May closed at $1.15. July closed at
$1.02, September closed at 96c
Hides Firm. Galveston, 20625 pound.
18c; California. 21625 pounds. 19c; Texas
dry. 24 6 30 pounds. 14c
Wool Firm. Domestic fleece. 32 35c
Wheat at Liverpool.
LIVERPOOL. Jan- 28. Wh eat March,
ld; May. 7s d; July. 7s d.
Wheat at Tacoma.
TACOMA. Jan. 25. Wheat unchanged.
Bluestem, 90c; club, S5c
Grain at San TraHckco.
SAN FRANCISCO, Jan. 28. Wheat and
barley. firm-
Spot quotations Wheat; Shipping, $1.50
Downing, Hopkins & Co.
Established 1S93
. WHEAT AND STOCK BROKERS
Room 4, Ground Floor
.32: milling. X1.338LG5. Barley: Feed.
$l.I761.21; brewing. $1.22 1.23.
Oats: Red. $L40L53; white, $1.42
.57; black. SL350L65.
Call-board sales Wheat: May. $1.48;
December. $1.31. Barley: May. $1.22:
December. 96 c Corn, large yellow, $L25
L32.
NEW YORK BANK STATEMENT.
I
Striking Gains Shown la All the Principal
Items.
NEW YORK, Jan. 23. The Financier says:
The official statement of the New York as
sociated banka last week showed striking gains
In. all the principal Items of. loans, cash and
deposits; This was the mora remarkable- be
cause It followed Important gains in these
Items in the previous week for the fortnight.
making an expansion of $51,333,000 In loans,
a gain of $20, OCX), 000 tn cash and an Increase
ot $70,636,000 in deposits; The loan Increase
last week was, doubtless, due In great part
to syndicate borrowing as was the case in
the week ending January 21. for commtsston
houses were not In the marker for loans to
any extent, though rates for money for fixed
periods were offered at very attractive figures.
The aggregate loans now are within $30,356,000
of the May record. The cash last week was
much greater than was estimated upon the
basis of the traceable movements of money
during the week, with estimated gain was
$3,193,400; the discrepancy wa;, in part, caused
by the averages of the gold exports lor tne
week, and partly because of unreported re
ceipts by some of the larger banka through
transfers of trust company cash. It may be
noted that tho surrender of 10 per cent ot
public deposits under the Treasury call, which
matured In the week, ending January 21, has
caused a net reduction, of $1,822,800 In hold
ings cf such deposits by New York institutions.
compared with January 7. The bank state
ment made a good balance, the sum of in
crease in loans and ot the gain in cash being
only $507,400 greater than the increase In de
posits. Comparisons show that eight banks
increased loans by $14,200,000 net cash.
Tho statement of average of the Clearlng-
Housa banks of thia city for the week showa:
1 Increase.
Loans ,-..$L115. 643.200 $16,831,700
Deposits Li89.S2S.600 26,031.400
Circulation 42.682.2C0 68,500
Legal-tenders 92,911.500 2.253,700
Specie ............... ,iaAi
Reserve 324.436.700 9,749.100
Reserve required 297,457.150 6.503.S50
Snrnlus 26.979.550 .3.245.750
Ex U. S. deposits.... 32,221.650 3,242,400
Decrease.
Mining Stocks.
SAN FRANCISCO. Jan. 28. The official
closing quotations for mining stocks today
were as follows:
Alta .
Andes
$ .04"Justlce $ .14
.30 Lady Wash. con. .02
Belcher 24
Mexican 2.10
Occidental Con.. .87
Best & Belcher. LOO
Bullion 26
Ophlr i 6.63
Caledonia ....
Overman ......
POtOSl ;
Savage -
Seg Belcher....
Sierra Nevada. .
Silver Hill
Union Con
Utah Con
Yellow Jacket..
Challenge Con
.13
.35
.06
.41
.59
.62
.18
.25
Chollar 29
Confidence 90j
Con.. Cal. & Va. 1.63
Con. Imperial..
Crown Point...
Exchequer ....
Gould & Curry.
Hale & Norcross 1.30
NEW YORK. Jan.
. 28. Closing quota:
20Litt!e Chief
.65) Ontario
.18 Ophir
.03 Phoenix
.09 Potosi
.55 Savage
.53 Sierra Nevada. .
:Ions:
.$ .03
. 3.50
. 6.50
. .10
. .13
. .32
. .40
'. 1.50
Adams Con $ .
Alice
Breece
Brunswick Con.. .
Comstock Tun. . .
Con., Cal. Sl Va. 1.
Horn Silver 1.
Iron Sliver ?,
Leadvlllc Con... .
,00Small Hopes....
02iStandard
BOSTON. Jan. 28. Closing quotations:
Adventure
Allouez .-.
$ 6.50
20.251
Mohawk $ 52.25
Mont. C. & C.
4.3S
Amalgamated.
Am. Zinc
Atlantic
Old Dominion.
26.00
93.30
27.00
110.00
12.23
17.23
31.00
Osceola
Parrot
Bingham ..
Qulncy
CaL & Hecla.. 690.00
Shannon
Centennial ...
Copper Range.
Daly West
Dominion Coal
Franklin
Granby
Isle Royale...
Mass. Mining.
Michigan . ...
IS.
Tamarack 128.00
67.50
16.001
60.38
Trinity
8.00
U. S. Mining.
U. S. Oil
21.75
108.00
41.50
4.88
10.73 Utah
Victoria
5.13
Winona 12.00
10.38IWolverlne .... 106.00
12.23
London Wool Sales.
LONDON. Jan. 28. The offerings at the
wool auction sales today amounted to 11.
101 bales. Despite this large number, the
trade bid freely. The withdrawals to date
amounts to but 6000 bales, of which some
have been sold since. Fine grades, owing to
the slackening American demand, were only
occasionally dearer than the last sales. Me
dium and coarse were 5 per cent lower. To
day's selection was varied, good wool being
firm. They were taken quickly by home
and .Continental buyers, while occasionally
Americans secured lots ot superflnes, paying
Is 4id for half-bred. Scoureds were in
good demand and sotd briskly to Germany.
Coffee and Sugar.
NEW TORK. Jan. 28. Coffee futures
closed steady at a net gain of 515 points,
Sales. 61.750 bags, including: January, 7.35c;
February 7.40c; March, 7.457.5oc; May.
$7.757.80c; July. Sc; September, 8.200
8.25c; December, 8.43c Spot, nominal; No.
T, S9-16c
Sugar Raw, firm; fair refining. 4ic; cen
trifugal. 9G test, 54c; molasses sugar, 4 Vie;
refined, firm; crushed. $6.S5; powdered
$6.25; granulated, $6.15.
Dried Irult at w York. '
NEW TORK. Jan. 28. Evaporated apples
are quiet. Common. 45c; prime. 511 Q
5Hc; choice, 5H6c. and fancy, 6H7c
Prunes remain quiet and are without any
notable change, prices ranging from 2
514 c. according to grade.
Apricots are unchanged at 10104c for
choice. HO 12c for extra, choice and 1215c
for fancy.
Peaches are quiet but firm, with choice
quoted 910c. extra chotce 10 H 10 "4c
and fancy 11 H 12c
Metal Markets.
NEW TORK. Jan. 28. There wan the
usual Saturday inactivity In metals and
prices underwent no material change. Tin
was firm at the insldtr price, a little higher.
the range being from 29.50S0.50c
Copper Unchanged at J5.50c for lake.
15.37015.50 for electrolytic and 1513.25c for
casting.
Lead Quiet, 4.454.55c
Spelter Quiet, 0.20 6.30c
Iron remained firm at recent prices.
Imports and Kzports.
NEW TORK, Jan. 28. Imports of mer
chandise and dry goods at the port of New
Tork for tho week ending today were
valued at $13,612,457.
Imports ot specie at the port of New
Tork for the week ending today were $23,
860 gold and $11,150 silver.
Exports ot specie from the port of New
York for the week ending today wera $4,
545.028 gold and $347,740 silver.
Dairy Produce In the But.
CHICAGO. Jan. 28. On the produce ex
change today the butter market was steady.
Creameries, l29c: dairies, 18H24c
Eggs Steady at mark, cases Included.
21S26C
Cheese Steady. l!C12c
NEW YORK. Jap. 23. Butter, strong: of
ficial prices: Renovated, common ta extra
1623&c; Western Imitation creameries,
common to choice, 19f?24c
Cheese and eggs, unchanged.
Wool at St. Louis.
ST. LOUIS, Jan. 2S. Wool, nominal. Ter
Chamber-of Commerce
ritory and Western mediums. 21622c; fine
meuium. 17018C; fine, 16l7c
SMOOT CASE IS CLOSED.
Final Argument of Counsel xn Polyg
amy and Divine Revelation.
"WASHINGTON. Jan. 2S. The Investiga
tion or protests against Senator Smoot, o
Utah, retaining- his seat In the United
States Senate was concluded today by
the committee on privileges and elections,
and tvhen a report Is dratted by the com
mittee the investigation will pas3 to the
whole Senate. One question. o great
moment which will be lought over on the
floor ot the Senate Is whether a two
thirds vote or a majority o the Senato
is required to expel a member. Mx. Tay
ler, counsel for the protestants, holds
that a majority vote will suffice. In the?
same mannner that a majority vote will
prevent a Senator from Srst taking his
seat.
It will be several weeks before the com
mittee will be. able to report. The com
mittee allowed counsel until February 4
to revise their arguments and file writ
ten briefs. Only one session of the com
mittee was held today. Mr. Worthlng
ton, counsel for Senator Smoot, con
cluded his argument, and Judge Tayler
closed the case for the protestants.
Mr. "WorthJngton discussed, the political
rule of the church, which, he declared,
meant nothing beyond the fact that a
Mormon shall not remain a high officer
of the church, or In other words, he must
resign his church position to run for a
political office. If tho church thinks he
cannot perform the duties ot both offices.
He took Judge Tayler to task for his
statement that a man who prayed for the
counsel of his Creator Is unfitted to hold
a seat in the Senate.
The decrease in the number of polyga-
mists was discussed at length, and Mr.
"Worthlngton reviewed a great deal of
testimony on that subject to show that It
Is the consensus of opinion among Mor
mons and Gentile? that within a few
years the practice would entirerjr dis
appear. He declared that in all tlie mass
of testimony offered, only one plural mar
riage had been proved since the mani
festo, and that a case in Mexico, where
it was not shown that the man perform
ing the ceremony bad been informed that
the contracting husband had another
wife.
"It appeared," said Mr. Worthlngton,
"that Apostle Taylor has taken plural
wives since the manifesto, though no
proo' .is offered, and I will say that
Senator Smoot and his counsel went to
the president of the church and told him
Taylor should be produced as a witness."
Mr. worthlngton closed with the state
ment that a great deal has been said
about the matter of the protection of the
home, which was said to be the real rea
son for the prosecution of Senator Smoot.
If this is true. I contend," said Mr.
Worthlngton. "that Mr. Smoot should re
tain his seat, because it has been shown
that he has counseled nothing but good.
and Gentiles who voted for him did so
because they know he believes In uphold-
ing the laws of the land and that he led
a pure life."
Judge Tayler, in closing the arguments.
made no effort to follow any particular
line of argument, but he declared that
Mr. "Worthlngton had misinterpreted, his
remarks on the subject of revelations.
He stated his position anew, but fol
lowed practically the same line as in his
opening statement of the case. Judge
Tayler declared the "divine order,"
known ae the manifesto, to have been the
result of "the politicians club," the mani
festo having been issued at a time when
the country was stirred by the Roberts
investigation.
M1S3 Alexander It seems to me, Mr. Daw
son, you do everything well billiards, gr-1
football, bowling, archery Mr. Dawson Well,
I have my dear old father to thank for that
He really skimped himself to give me a col
lege education. Puck.
E
OMMISSION
GRAIN and
STOCK
BROKERS
Wc Charge No Interest for
Carrying Long Stock
General Office
XCOTEAPOLIS, MINX.
Z. K. Aides. Carrespcnrtras.
Room 2, Ground Floor.
Chamber of Commerce.
GOLD FIELD
The Big Elk Mines aro right in the center
ot the greatest Gold Field In the World. Ore
values on our property assay $103.20. A
small amount of treasury stock at 5c- a
share, cash or time. Par value. $1.00; non
assessable. A grand opportunity for larga
and Immediate returns. Write for prospectus
today.
W. BAER EWING,
740 Italian-American Bank Building,
San Ifranciseo, CaL
The Goldfield (Ner.) News
JAMES 1 O'BIUEX. Editor.
Tells "all that's new and true of the great
est gold mining camp ever known." But
eight months old. it has a National reputa
tion for being alive and reliable. $3.00 per
year; $1.25 three months; sample copy. 10
cents. Send today.
THE NEWS, G O LD FIELD. JfEV.
Pi
CHICHESTER'S ENGLISH
tNNYROYAL PILLS
v Original mud Unlr Ceautaew
9yjjSSATE. JUrre!UM. Ladle, m Dracjt
lor VtUlilUSSXlZll'l EMifLdSn
k (a KED u4 Gold aetallis Imxm. ra!
I vtth Maa ribbon. Take bo other. Be.a-o
I Daagerans Pabttltutfanft oad. lml La.
tlms. Bayf youPracglt.areaa4e.lm
iuaa ftn- Partleolmn, Teatlmoaiate
ud ' RtHer fr Ladle," U Utur, ky re.
tan Hdl. 1 0.0O TuUnosUli. Soldbi-
tte&a tail ror. MadlMa Saure. , VX.
MEN
cur YAcaav
DEVELOPER
Cares yaa without madlcla of all weakness
raricocclo aa. urethral obstructions. Ms ar
ulexly restored, to health axa atraagtk. 8&3
tamp fcr book Mai 06 to
Saalth AspUxac Co- O. (X. gaattla, TCaaa.
m rkTit u A Cured to Stay Cured.
flSTH B A Fcr FXEtE TEST tr&tmeatpre
rVSJ I pared foryonsend fnlldascrin-
Oon of your case and names of two asthmatic
sufferers. FRANK WHETZEL, Mf. D.,
Oast. 1 . arin Express Wtfg., Chteao
B Our Hand Book on Paten ta.Trade-Martr. S
B etc, sent free. .Patents procured through B
Munn t Co., receive free notlco In tha n
K SaErTiFio Amzricax S
B MrrSTN'& CO.. S61 Broadway, N.T. S
B BaA3icnOmcx:caFStWashington,D.C. 9