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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View This Issue
per ton; middlings. $25026; shorts, city,
1 $19.50; country. $20 50 per ton; U. S. MUls I
I dairy chop, $15.50 per ton.
BARLEY Feed. $22.50 per ton; brewing. I
, $23: rolled. J 23 50024 50.
SELL FOR PROFIT
THE SUNDAY OREGOXIAX, PORTLAND, APRIL 7, 1907.
Of the Age
Chicago to New York in 10 Hours for $10 by the Chicago-New York Electric
Air Line Each Division a Paying Railroad Cars
Will Run in 30 Days
CEntAi. uuuub koiim oats, cream, wu
poucd sacks. $7: lower grades. S3.Mh90.54 1
oatmeal, steel cut. 45-pound sacks. $S per '
barrel; 0-pound sacks. $4.25 per bale; f
cetmeal (ground). 45-pound aacks, $7.50 per
barrel; 9-pound aacks. $4 per bale; aollt
Meikle Secures Control of Ore
gon Supplies. .
pea, per 100-pound. S4 254.80; pearl barley,
$404.50 per 100 pound; pastry flour, 10-pound
ticks, $2.30 per bale.
CORN Whole. $25; cracked. $26 per ton.
HAT Valley timothy. N. 1. $15C1 P
ton: Easter Oreeon timothy, $17018; do
ver, $9; cheat, $9; grain hay, $8010.
Realizing Weakens the New
York State Market.
HOLDS SEVENTEEN CARS
Portland Man Will Dictate Prices
on the (Yast for the Next Few
Months A Big Shortage
Is Now Apparent.
The small remalnlnB "tock of onions In
Oreron has ben practically cornered by D.
E. -Meikle. one of the leading commission
men of this city, who In the past week has
been operating quietly in the country and
has secured control of everything left, so
far as he knows, except two cars of Rood
onions. His holdings aggregate about 17
cars of Oregon onions. This is an unusually
small quantity of onions available at this
time of year. San Francisco alone usually
consumes about 40 cars of Oregon onions
in the month of April, and it is likely the
Sound markets. 9pokane and Butte will need
six or eight care more. The supply being so
small, higher prices are assured. Further
more, if any one wants to buy onions be
fore the new crop cornea on. they will have
to call on Mr. Meikle. 8ome of the hold
ings he bought outright at high prices and
the others were turned over to him by the
growers to dispose of at his own discretion.
Other dealers are in the country offering
as high as 2 centa. but there ii practically
nothing left for them to buy.
There was no meeting of the Confederated
Onion-Growers' Association yesterday after
noon. The few members that showed up
nere In excellent spirits and were confident
that prices even higher than those now
current will prevail.
It Is a mystery what has become of ail the
shipments sent to San Francisco since the
road was reopened. Tt was feared the large
cupply sent there would break that market,
but Instead prices advanced steadily. This
cause a belief that many of the lota were
diverted to other points. Some Nevada on
ions are being offered on the San Francisco
market, but it Is said the supply in that
state la about cleaned up. The markets on
the Sound and In other Coast cities are all
very strong. 4 No Australian onions, so far
as can be learned, are on the way.
The prospect for good prices next season
seems flattering. A large extent of terri
tory In California devoted to onlnn-growlng
has been flooded, which will materially re
duce the crop. Oregon growers will not be
so raady to contract their onions this year
as they were last.
POTATO MARKET HOLDS STEADY.
Eastern Arrivals May I-aler Cause a De
cline Shipping Nearly Over.
The best that can be said for the San
Francisco potato market Is that It Is eteady
under liberal arrivals. That there Is not
much likelihood of its going higher Is evi
dent from the large quantity of Eastern
potatoes on the way to the Coast. This
factor may rather tend to depress values.
Several of the leading shippers are
about to close their offices here for
the seaaon. as then Is but little
more local itock left to work upon. What
remains In farmers' hands In the state,
probably not to exceed 100 cars, will be
required for home consumption before the
new crop Is available. Thero are also a
good many cars of dealers' stock that will
be retained here for the home trade. It may
be that aome Eastern potatoes will be
needed to fill out late requirements, but It
Is not probable that many will be Imported.
GOOD MAKRKT FOR VEGETABLES.
Home Grown Produce Will Soon Be In Bet
The local supply of vegetable yesterday
was small and by the close of business
hours. Front street was practically cleaned
up- The steamer Roanoke is due tonight
with a fair assortment. Local rhubarb will
be available as aoon as the weather clean
up and in about ten days local asparagus
will be on the market. Some home grown
cauliflower is coming in and is taking the
place of the California article, which has
been arriving In poor condition.
A car of oranges and a car of lemons
comprised the fruit receipts from the South.
Apples are in excellent demand and the cold
storage supply Is being drawn upon. A few
lots are received from the late sections.
Eggs Scarce and Higher.
The feature of the country produce mar
ket was the scarcity of eggs. Arrivals were
not even large enough for local require
ments and a further advance in quotations
The supply of poultry was small and a
good demand kept prices at the top mark.
Further weakness In the butter market
was reported on Front street, and some of
the city creameries now have a surplus.
There was no change In prices yesterday.
Provision Are firm.
Although the provision market Is very
f.rm, no changes In cured meats or lard are
noted in the new price list of the Union
Meat Company. In fresh meats, there are
advances In beef and mutton cuts.
lUM County Hop Sale.
EVQENE. Or., April. 8. (Special.) A sale
of 180 bales of hops has just been reported
but the prices are not given out. C. L
Fitchard. who purchased the Sommervllle
hops, says tkat the price paid was consid
erably in advance of 5c, reported by The
Oregonlan. April S. He states also that the
price paid for the Tollman hops was much
In advance of the 3 4c reported, but admits
buying a lot of SO bales at 8c.
Bank clearing of the leading cities or the
North Wwst eterdy were:
Portland1 916.913 s 81,601
attle 1.S14.1S0 211.664
Tacoma T21.&0.1 47.122
Spokane 70S.035 S0..VS2
Clearings of Portland, Seattle and Tacoma
for the week were:
Portland. Seattle. Tacoma.
Momlav l.iM.'ia $1.43;.tV9 .Ji.oiB :.ll
rueMay l.!0a.2 1.4HO.S ;, WS
(Veilnreday ... 1.330. Hart 1.525.7m 632 .US
Thuisosy l.UKi.ui.-i l.iHiM T:l.i5i4
rnaay l.twu.i t i.w..w sts.-io'
Saturday 918.B13 1.814.19S 723.803
Total I7.S13.88R $8,854,438 8:1.679. 198
Clearings for the corresponding week In for
mer years were:
Portland. Seattle. Tacoma.
1901 82.23H.941 2.2S2.431 Jl,0b3 6M
I9i2 2.42S.BIO 2.7S4,8iO 1.235.541
1903 .3.387.7B7 .33.t74 1.86. ol
1904 3.473.341 S.S33.33T 1.912 937
1908 4.254.427 B.MS.134 2.S7.S5
1908 4,726.563 8,422.985 3.S59.S07
Grain. Flour. Feed. Ete.
WHEAT Club. 73C14C: blueetem. 7577c
Vallej. 70)71:; red. 71072c.
OATS No. 1 white. $29.50; gray. $2Sti29
FLOUR Patenta. $4.15: straight $4.60'
clears, $3.60; Valley. $3 654)5.76, graham flour.
(3 :604.25. whole wheat flour. $40450.
RYE) $1.45C1 50 per can
MILLS TUFFS Bran, city, fit: country, til
Vegetables. Fruits. Etc.
DOMESTIC FRUITS Apples, common.
T5ce$1.2f per box; choice. $1.502; cran
berries, $10 per barrel.
TROPICAL FRUITS Lemons, fancy.
$304.60 box: oranges. navels, $2.503.50:
grapefruit, $3478.50; bananas, 4H5c pel
ROOT VEGETABLES Turnips. $11.23
per sack; carrots, $101.25 per sack; beets,
$1.25 01.60 per sack; garlic. "S10c per
pound; horseradish, T0ec per pound; chicory,
FRESH VEGETABLES Cabbage, Cali
fornia, 2c per pound; cauliflower, S5c
$1 dozen; celery, $4 per crate; lettuce, head.
850 45c doxen; onions, lu012Vc per dozen:
tomatoes, $2.2608.50 Crete; parsley. 25S3tc
artichokes. 76080c do.; hothouse lettuce, $2
box, sprouts, 9c; peas, 12Hc: radishes. 30c
per doxen; asparagus. 14015c pound: bell
peppers. 30 0 35c per pound; rhubbard. $1.50
01.75 per box; cucumbers, $203; splnacn.
$1.50 per crate.
ONIONS Oregon, $1.50ig2.50.
DRIED FRUITS Apples. 808tte pound;
apricots: 10019c: peaches, :1013c; pears.
Ilis014c: Italian prune. 2V08c: Califor
nia figs, white, in sacks, S&Bo per pound:
black. H05c: orlcks. 76c2.25. per box;
Eymraa, lsug20c pound; data. Penlaa, 6KO
POTATOES Buying price: Oregon Bur
banks, fancy, $1.4001.85; extra fancy, $1.75;
No. 1 choice. $1 2501.40.
RAISINS Layers and cluster. 2-crown.
$2.16; 8-crown. $2 23: 6-crown. $3 10: 0
crown, $3.50: loose muscatels. 2-crown. So;
8-crown. 8Vic; 4-crown, 9c; seedless.
Thompson. lOHe: Sultanas. O012H&
Butter. Eggs. Poultry. Ft.
BUTTER City creameries: Extra cream
ery, 36087 He per pound. Stats creameries:
Fancy, creamery, 32035c; store butter, 22VaC.
BUTTER FAT First grade cream. 38c
per pound; second grade cream. 2c 1 Dt
CHEESE: Oregon full cream twine. 150
16c: Young America, 18017c per pound.
POULTRY Average old hen. 16016c;
mixed chickens, 1415c; Spring fryer and
broilers, 2O022HC; old roosters. 10012c;
dressed chickens. 18017c; turkeys, live. 18
016c; turkeys, dressed. choice. 18fc20c;
geese, live, per pound, Sc: ducks, 1618o;
pigeons. $101.50; squabs. $203.
EGGS Oregon ranch. 19020c,
VEAL Dressed. 75 125 pounds, 8SVie;
125 to ISO pounds, 7c; 150 to 200 pounds, 6o;
200 pounds and up, 5a6c.
BEEF Dressed bulla, 33c per pound;
cows. 66o; country steers. 67c.
MUTTON Dressed, fancy. 1010o per
pound ; ordi nary. 89c ; spring lambs, with
peltf. iVi lSc.
PORK Dressed, 100 130 pounds, 8Hf9
9c; 160 to 200 pounds. 707Hc; 200 pounds
and up, 66Hc.
Groceries, Nut. Etc.
RICH Imperial J a an No. l, flc; South
ern Japan, 5.40c; head. 6.75c.
COFFEE Mocha, 24928c; Java, ordinary.
17620c: Costa Rica, fancy, 18" 20c; rood, 16
18c ; ordinary, 12'i?16c per pound. Columbia
roast, c&see, 100a, $14.50; 5Us, $14.75; Ar
buckle. $16.63; Lion. $15.75.
SALMON Columbia River, 1-pound tails,
$1.75 per doz. : 2-pound tails, $2.40; 1-pound
flats, $1.10; Alaska, pink, 1-pound tails. 95c;
red, 1-pound talis, $1.25; .sockeye, 1-pound
SUGAR Sack basis, 100 pounds, cube.
$5.17H; powdered, $5.07; granulated,
$4.92; extra C. $4,424; golden C. $4.32;
fruit sugar, $4,924; berry. $4.92&: XXX.
$4.82Va; P. C. $4. 824. Advance sales over sack
basis as follows : Barrels, 10c ; bar
rels, 26c; boxes, 50c per 100 pounds. Terms:
On remittances within 15 days deduct 44o
per pound; if later than 15 days and within
' days, deduct 44 c; beet sugar, $4,82 4
per 1 00 pounds ; maple sugar, 15 18c pv
NUTS Walnuts. 16420c per pound by
sack; Brazil nuts, 19c; filberts, 16c; pecans,
jumbos, 23c, extra large 21c almonds, IS
320c; chestnuts, Ohio. 174c: Italian, 144
15c; peanuts, raw, 684c per pound;
roasted. 10c; plnenuts, 1012c: hickory nuts,
10c; cocoanuts, 3590c per dozen.
SALT Oranulated, $14 per ton; $2 per
bale; half -ground, 100s. $10 per ton; 50s, $10-50
BEANS Small white, 3c; large white.
Sc; pink, 3c; bayou, 3c; Lima, c; Mex
icans, red, 4c.
HONEY Fancy. $3. 253.P0 per box.
Provisions and Canned Meats.
BACON Fancy breakfast. 214o pound;
standard breakfast, 19c; choice, 18o; Eng
lish, 11 to 14 pounds. 17c; peach. 164&C
HAMS 10 to 11 pounds, 164c pound;
14 to 16 pounds, 16c; 18 to 20 pounds, 16c;
picnics. 12c; cottage. 1144c; shoulders, 12c;
boiled, 25c; boiled picnic, boneless, 20c.
BARRELED GOODS Pork, barrels, $20;
half -barrels, $11; beef, barrels, $10, haif -barrel,
SAUSAGE Ham, 13c per pound; minced
ham, 10c; Summer, choice dry, 1744c; bo
logna, long, 6c- wetnerwurst, 10c; liver, 6c;
pork, 10c; headcheese, 6c; blood, 6c; bologna
QUOTAT77XS AT 8 AX FRANCISCO.
Prices Paid for products In the Bay City
BAN" FRANCISCO. April 6. The follow
ing prices were quoted in the produce mar
FRUIT Apples, choice. $2; common, $1;
'"f 26; bananas, $12.25; Mexican limes, $6
f8; California lemons, cnoice $2.50, common,
75c; oranges, navel, $13.50; pineapples, $4
VEGETABLES Cucumbers, $1.2591.75: gar
lic, 34c; green peas. 23c: string beans,
nominal; asparagus. llS?15c; tomatoes, 4910c.
EGGS Store, 18 22c : fancy ranch, 23c.
POTATOES Early Rose. $1. 6091.79; sweets,
$4(54.50; Oregon Burbanks, $2 252.50; Ore
gon seed Burbanks. $1.401.50; Eastern,
$1.501.75; garnet Chile, $1.50; River
ONIONS Yellow, $3.
BUTT ER Fancy creamery, 29c ; cream -erveeconds,
284c fancy dairy. 274c; dairy
seen r.ds. nominal; pickled. 24c.
WOOL Fall, Humboldt and Mendocino,
15914c; Nevada. 16917c; South Plains and
San Joaquin. 698c; lambs. 7910c,
HOPS California, 8912c
CHEESE Young America, 149164ci
Eastern. 17c; Western, 15c.
HAY Wheat, $18925; wheat and oats.
$14 IS; alfalfa, $8912; stock. $8 910;
MILL STUFFS Bran, $2&t?23; middlings),
FLOUR California, family extras, $4.85
6.30; bakers extras, $4.609 4.80; Oregon and
POULTRY Turkeys, gobblers. nominal :
turkeys, hens, nominal; roosters, old. $4.M
95; young. $7.5010; broilers, small, $2.50
93.50; broilers, large, $495; fryers, $67;
hyn!. $599; ducks, old. $:0; ducks, young.
RECTO PTS Flour. 14 .018 quarter aacks ;
wheat. 2890 centals: barley. 1250 centals; oats,
1125 centals; beans. 2766 sacks; potatoes. 2600
sacks: bran, 1100 sacks; middlings. 260 sacks;
hay, 936 tons; wool. 128 bales; hides. 192.
Dried Fruit at New York.
NEW YORK. April 6. The market for
evaporated apples continues quiet, and It Is
said that some supplies might be secured
at slight concession. Fancy are quoted at
Sc; choice, 7c; prime, 61964c, and poor
to fair, 5H93c.
Prunes are unchanged, with quotations
ranging from 39 13c for Callforaia fruit
and from 5 4 9 10c for Oregon.
Apricots are dull, but prices are un
changed. Choice, 18c; extra, 1844 19c;
fancy. 199 20c.
Peaches are neglected or spot and the
tone is barely steady. Choice. 1212ic;
extra choice. 1214c; fancy, 1214 913c; ex
tra fancy. 13915c.
Raisin are in moderate demsnd. Loose
muscatels, 8 9 10c ; seeded raisins, 7 4 9
11c; London layers, 1.509160c
Coffee and Sugar.
NEW YORK. April 6. Coffee futures closed
barely steady at a net decline of 10920 points.
Sales were reported of 13,000 bags. Including:
May. 6.86c; July. 5.76c; August. 5.60c; Septem
ber. 6.60c; December, 5.609.70c; March, 5.63
95. 75c. Spot, quiet. No. 7 Rio, 7c; No. 4
Pantos. 8c. Mild, quiet; Cordova. 991244c.
Sugar Raw. firm; fair refining, 344c; cen
trifugal. 96 test. 34c; molasses sugar. 2'54c
Refined, steady; No. 6, 4.80c; No. 7. 4.25c; No.
8. 4.20c: No. 9. 4.15c; No. 10, 4.05c; No. 11.
4c; No. 13. 3.90c; No. 14, 4.86c; confection
ers' A. 4.50c: mould A. 6.06c; cut loaf. 6.60c;
crushed. 5.40c: powdered. 4.80c; granulated.
4.70c; cubes. 4.96c.
Damascus creamery butterfat, t. o, h.
RECOVERY WAS TOO FAST
Strong Bank Statement Taken Ad
rantage of to Facilitate Liqui
dation Bonds Are Very
Strong and Active.
NEW YORK, April 6. Week-end
profit-taking; was the obvious influ
ence at work in the day's stock mar
ket. It was conducted with the same
skill that was before manifested and
which gave confirmation to the con
viction that it was done by experienced
and resourceful speculators.
The prominence in the market of
t'nion Pacific. Southern Pacific, St.
Paul, Amalgamated Copper and Ameri
can Smelting gave rise to the usual
assumptions of participation bj the
Standard Oil party in the market, ow
ing to the supposed favor felt toward
most of those stocks by that group of
capitalists. But these stocks were al
most alone among the active stocks in
showing any notable strength, and
their advancement looked like a device
to hold the general market up to help
realizing sates in other stocks. Those
stocks yielded with the rest of the
market in the late reaction, which
made a weak closing at the lowest
prices of the day.
The profit-taking sales became gen
erally effective in weakening the mar
ket only after the appearance of the
bank statement, although the showing
of the banks was very strong. The
cash Increase of $10,500,000 fell
short of expectations, however, and
the $6,143,000 loan expansion helped
to swell the deposit item and the re
serve requirement. It is not expected
that the deposit of custom's collections
in New York banks will go much fur
ther in the immediate future, and this
has been the principal source of the
recent heavy cash gains of the banks.
The strong upward movement of for
eign exchange also, which continued
today, gives point to some of the re
ports from abroad that conditions in
Berlin still leave something to be de
sired. The suggestion found a place In the
day's discussion that Eastern railroad
systems would have to meet at an
early date the demands of employes
for Increase of wages similar to those
which have been adjusted this week
among the Western railroads. The
principal factor in the day's reaction,
however, was the desire to realize
profits on the considerable advance of
the week, which was heightened by an
opinion expressed in some quarters
that the recovery was going too fast
and too far.
The feature of the day was the con
tinued strength and activity in the
bond market. Total sales, par value,
The trend of prices of securities turned
decidedly upwards this week. The domi
nant influence has been the relaxation in
the money markets, which has become
pronounced and has applied to all the
great money centers of the world. The
combined causes which have brought
about this result have worked with cumu
lative effect, leading in something like
a collapse in interest rates in New York.
This turn in affairs has given rise to a
cheerful sentiment over the future, mark
ing as it does a correction of the most
threatening feature of the financial out
look and promising relief from a restraint
on enterprise that was feared as an ob
stacle to the whole course of the present
prosperous condition of trade and indus
try. How far the improvement In the
money market shall operate to avert the
evils which are believed to be overhang
ing the financial and industrial outlook
constitutes a subject for the closest at
tention and study of the financial world
at the present time.
CLOSmo STOCK QUOTATIONS.
Adm Expr....ea,e--..H.l8h- Cl0' gfr
Amalgam Copper.. 62,800 9ii '?"' 9714
Arn Car & Foundry 700 38 37V. 37?i
do preferred Eg
Am Cotton Oil 3,800 'si 'ii'il 31
do preferred Si
American Express ...... " 210
Am Hd 4 Lt pf. . 200 21 . 21 " 21
Am Ice Securities 100 83 93 ao
Am Ldiweed Oil . ...... .. . . Ti
do preferred..... . " "
Am Locomotive.... 700 66 "96" 65
do preferred 800 110 110 109
Am Smelt & Refln 24,900 131 12714 129"4
do preferred 800 1084 107 108
Am Sugar Refining 500 1274 126'5 126
Am Tobacco pf 600 92V, 921: q3
Anaconda Min Co.. 20.800 64i 62. 83
Atchtoon 10,700 98 97(1 97
do preferred 300 96 96 96
Atlantic Coast Line 40O 1064 106 K5U
Baltimore & Ohio U0 102 U lol Z 101 C
do preferred ...... ..... 89
Brook Rap Transit 4.600 62Vi "ei" 61i
Canadian Pacific... 4,600 176 mu 1731!
Central Leather.... 300 32 82 31
do preferred 100 98 98 95
Cent of Xew Jersey joy
Chesapeake & Ohio 1,100 42 41 42
Chi Great Western BOO 14 14 1414
Chi & Xorthweat . . 1,900 153 151 151
Chi., Mil. & St. P. 11.500 138 136 1381,
Chi Term & Trans Q
do preferred 200 13 o
C, C C. & St. L. 700 rim 74 73
Colo Fuel & Iron.. 700 37" 36 36
Colo & Southern.. 2.000 28 27 M) 27
do let preferred .' . 61
do 2d preferred.. 43
Consolidated Ga... 400 131 10 129W
Corn Product . 60O 20 20 20
do preferred 100 81 81 81
Delaw & Hudson .200 185 185 185
Del., Lack. & Wert 100 473 473 473
Den & Rio Grande 1.400 31 31 31
do preferred..... ...... 75
Distillers' SecurK.. 800 72 72 71
Erie 2,500 25 25V, 25
do 1st preferred.. 400 59 59 68
do 2d preferred.. 200 41 41 41
General Electric... 800 150 149 149
Great Northern pf 6,600 139 137 138
Hocking Valley .... ..... 81
Illinois Central.. 147
Int. Met 600 27 27 27
do preferred 600 62 62 62
International Paper 200 15 14 14
do preferred . . . 74
International Pump 900 30 28 29
'do preferred. .. ..... 79
Iowa Central 19
do preferred 500 38 88 38
Kan CHy Southern 700 25 25 26
do preferred 4.200 60 09 58
Louis & Nashville 2,000 121 120 120
Mexican Centra! . . . 100 22 22 22
Minn. & St. Louis 200 49 49 48
M.. St. P. & S.9.M. 800 110 1119 106
do preferred 300 139 138 139
Missouri Pacific 1.200 77 77 76
Mo.. Kan & Texa 6.200 37 37 36
do preferred 200 66 86 66
National Lead 1,700 62 61 61
Mex. Nat. R. R. pf. 7. 62
N T. Central 3 200 2I 120 120
X. T. Ont. Wert S09 39 39 29
Norfolk Western 1.300 80 79 79
do preferred an
North American... 1.600 75 7414 75
Northern Pacific... 7,900 138 137 137
Pacific Mall Son 29 28 28
Pennsylvania 27.200 128 127 127
People's Ga 3.60O 94 92 93
Pits.. C. C. S. L. n
Pressed Steel Oar 800 38 38 38
do preferred..... 200 94 94 94
Pullman Pa! Car.. 100 170 170 l5
Reading 77.100 113 mu 111
do 1st preferred gg
do 2d preferred R5
Republic Steel 4.900 30 29 SO
do preferred 1.300 87 86u 86
Rock Island Co .O0 23 23 23
do preferred . 300 50 49 60
Rubber Good pf.. 05
ScKoss-Sheffleld . . 400 66 65 65
St. L. S. F. 2 pf 3g
St. L. Southwestern 200 22 22 22
do preferred 544
Southern Pacific... 34, IOO 86 84 85
do preferred 116
Southern Railway.. 2.800 23 22 22
do preferred 100 71 71 71
Tenn Coal & Iron 300 144 144 144
Texas Pacific 1.200 29 29 28
CARS WILL RUN IN 30 DAYS.
With seasonable weather cars will
be running over the first 15 miles of
the Chicago-New Tork Electric Air
Line in 30 days. The first section of
the road will connect Chicago and La
Porte. Indiana. A strong attempt will
be made to push, the line to Goshen,
Indiana, by the end of this year. This
will complete the first division of the
road and will be a railroad in itself,
with every promise of malting big
profits from the start.
The first division will pass through
five Indiana counties with an aggre
gate population of 200,000. Realizing
that lt will help local business and local
farming and will add greatly to the
convenience of those whose business
takes them to other towns, the residents
of this section welcome the road. They
are actually impatient for its comple
tion. CHICAGO, THE METROPOLIS.
Chicago, with Its 2,000,000 population
and a marvelously growing business,
wants all the roads possible. Those it
has now are so woefully inadequate
that canal projects to aid the city are
taking definite form. Deep waterways
One of the Hnndred-Mile-auB-Hotir
Electric Ens'nca That Will Take
Train to New York In Ten Hour.
connecting Chicago with the Gulf of
Mexico, and by way of the Georgian
Bay, to tidewater at Montreal, would
make Chicago the metropolis of the
continent. James J. Hill declares that
the Trent Valley Canal, now partly
built, will be completed from the Geor
gian Bay to Lake Ontario at or near
Belleville. Ontario, and that this canal
will ultimately command the slow
freight traffic of the whole Canadian
Northwest, cutting in half the cost of
delivering Manitoba wheat at Atlantic
When ships can load for Europe at
the docks of Chicago there will be no
limit to the business possibilities of that
city and to the electric roads which
would be its passenger and freight
GREAT TRAFFIC FIELD IN PENN
SYLVANIA. At this time it iB unnecessary to dwell
Tol., St. L. & West 600
SO 29 2B-.J
584 2 53V
14!Vl. 141 141
86 S6& m'
103 103 100
104 103 104
38 87 37
101 100 100
80 29 29
15 14 14
27 26 2
. ..... 230
82 82 82
18 12 13
19 19 18
42 42 40
da prererrea... uu
nlon Pacific ... 69.500
Ar, n..r.w4 IOO
TJ. 8. Express 300
Ij. a. ......
TJ. S. Rubber
do nref erred 200
TJ. 8. Steel ... 20,300
do preferred... lo.auo
Virg.-Caro. Chem 1.300
Hr preferred..... ......
do preierreo . . . w
TIa11 Ts -trr, TCxt.. .......
"Westlnghouse Elect ..-..
esxern i.nw,.... .
Wheel & Lake Erie 2,900
Wisconsin Central 100
vT .... IOO
Total sale tor the day. 602,800 shares.
NEW YORK. Airrtl 8. Closing quotations:
TJ. S. ref. 2 reg.l03!4:D. ft R, G. ... 94
do coupon.... 103 N. T. & O. 3s 93
U S. 3s reg 102i;North. Pic. 3s... 70
do coupon 103 H North. Pac. is. ..101
U. 8. new 4s reg.130 isouth. Pac. 4a... 8;
do coupon.... 130Unlon Pac 4... 101
TJ. S. old .4s reg.101 wls. Cer, 4s.... 8,
do coupon 101 IJap. 6s 2d ser. .. 97
.Atchison adj. 4s 92 Jap. 4s cits... 90
Stock in London.
LONDON. April 6. Consols for money,
864; do for account, 86 5-6.
Anaconda . 18!N. T. Central. .. 12
Atchison 89!Nor. ft West 81
do ofd.. 99 ( do pfd S4
B & o 104, Ont. ft West 40
Can Pac. ..... .181 V, Pennsylvania ... 65
Ches ft O...... 43 iRand Mine 6
Chi. G. W 11 iReading 58
C M. ft St. P. .142 4vSouthern Ry.... 23
D. Beers... 27' do ptd 74
D ft R O SlVitS0""1- Paciflc... 86
do pfd 77 Union Pacific . . .144
Erie 26 do pfd 91
do 1st pfd 62 U. S. Steel 38
do 2d pfd 43 I do pfd. 103 ii
III. Central 152 . I Wabash 15
I.ouls. ft Nash.. 124: do pfd - 28
M., K. ft T 38Grand Trunk.. ... 31
Money, Exchange, Etc
NEW" TORK. April . Money on call nom
inal Time loans eaelerj 60 days, 4Jo per
cent; 90 days. 46; six months, 6 per cent.
Prime mercantile paper, 6'6 per cent.
Sterling exchaage firm, with actual business
In banker' bill at 4.86364.8540 for demand,
and at 4.81BO(fM.8160 for BO-day bitla. Posted
ratea, 4.824 82 and U. 868486. Commer
cial bills. $4.8H4.81.
Bar silver, 64c.
Mexican dollars. 4 o.
Bond Government, steady; railroad, strong.
6AN FRANCISCO, April ft. Silver bars,
Mexican dollars, 60c.
Drafte, eight, par; telegraph, 6c.
LONDON. April 6. Bar silver, ateady,
30 l-16d per ounce.
Money. 2 -93 per cent.
The rate of discount In the open market
for ehort Mil Is 4;."S4 per cent; for three
months' bill. 44 per cent.
Dally Treaenry Statement,
WASHINGTON. April . Today's state
ment of the Treasury balances In the general
Available cash balances .253,337.194
Gold coin and bullion 110.188. rtos
Gold certificates 43,467,468
Import and Exports.
NEW TORK. April . Total importa of
specie at the Port of New Tork for the week
ending today were 140.610 in silver and 11,557,
Total exports of specie from the Port of
Xew Tork for the week ending today were
$663,515 In silver and J34.410 gold.
Dairy Produce In the East.
CHICAGO, April . On the produce ax
change today the butter market was steady.
Creameries, 22629: dairies. 2027.
EsY Firm : at mark case Included, 16c ;
firsts. 17c: prime firsts. 15c
Chseac Easy, at 1216c
New Ton Cotton Market.
NEW TORK. April . Cotton future opened
and closed steady. AsrU. 9.67c; May. 9.62c;
on the new territory in Pennsylvania
which, because of a present lack of di
rect traffic line to the largest outlets,
the Air Line will open to profits pre
viously unknown. It will suffice to say
that the Air Line will pass through and
develop In Pennsylvania one of the
richest coal fields in the world.
Now. however, the fact to be empha
sized is, that the first division of the
road will be a paying railroad in itself.
The first 100 miles with Goshen, Indi
ana, as the Eastern terminal, will fill
a want long felt Already the popula
tion is there and the business is there
to insure the success of the road. And,
as Governor Stuart, of Pennsylvania,
said in his Inaugural address, the elec
tric railroad builds new business in any
territory wherever it acts as a freight
carrier. Increased production comes
with better transportation facilities. As
it becomes easier for people to travel
the more travel there will be.
Railroading is the manufacture and
sale of transportation. In a given, terri
tory the road which sells the best trans
portation at the lowest figure will get
the most business. There is no ques
tioning the fact that electric roads fur
nish the best transportation and can af
ford to do it at less than the price
charger?, for the inferior service of steam
The average cost of running stream
roads in country similar to that of the
Aurora, Elgin & Chicago Electric Line
is 60 per cent of the gross earnings, as
against 55 per cent of the gross earn
ings of that long-distance electric line.
In 1906 the Aurora, Elgin & Chicago
line paid 6 per cent interest on a bond
issue equal to the entire capital stock,
paid dividends on its preferred stock
and had enough left for a dividend of
some per cent on the common stock.
THE AIR LINE HAS NO BONDS AND
NO PREFERRED STOCK. The entire
net earnings will be available for divi
dends on the common stock. The first
issue Of stock is against the first sec
tion of the road, from Chicago to La
Porte. Already enough money has been
received to put cars in operation on that
ALL IS ACTIVITY.
The principal camp of the CO-OPERATIVE
PANY, which is building the first 100
miles of the road, is at South La Porte,
and presents a scene of the greatest ac
tivity that region has ever known. The
siding from the Pere Marquette railroad
and the big warehouse have been com
pleted. Work Is progressing on the
June, w.56c; July. 9.62c; August, 9.64c; Sep
tember, 9.66c; October, 9.86c; November, 9.80c;
December, 9.93c; January, 10.10c; February,
NEW TORK. April 6. The metal market
were quiet, as usual, in the absence of Lon
don cables. Tin was unchanged at 409
40.20c Copper remained more or less nom
inal, with lake quoted at 24.50U25c: elec
trolytic, 24 24.30c: casting. 2323-50e. Lead
was dull at 66.16c Spelter. 6.756.85c
Iron was unchanged.
Wool at St. Lonl.
ST. TjOUIS, April . Wool Steady. Terri
tory and Western mediums, 2427c; fine me
dium, 1821c; fine, 14jt17c.
Will Import No More labor.
HONOLULU. April 6. The Board of
Immigration has decided that furtlrer im
portation of laborers is impracticable
under a recent decision of Attorney-General
Bonaparte. Efforts will now be mads
to retain all the white labor now here.
Are You Watching
I advised my friends some time, ago tr buy stock in the Mammoth
Silver Lead Mining; and Smelting Company, and they are all satisfied
with their investment. I strongly advise anyone who wishes to double
their money to buy this stock at the present time, even at higher prices.
During; the past three months the market on Mammoth has had very
little support, owing; to the fact that I nave been out of the city, and
"have paid very little attention to price. Inactivity of the market caused
some stockholders to dispose of their shares and take profits, and this
has affected the price until at present there are some real bargains to
be had. I know what the Mammoth Mine is, and do not hesitate to
Estate that within twelve months stock will be worth five times its pres.
ent market value.
I recommend the purchase of Mammoth In the open market of the
Portland Stock Exchange, and will be glad to execute your orders for
purchases of this or any other stock or bond. The advantages of buying
this class of securities are easily realized if you will stop to consider
that there is always a market for quoted stocks, and any time you wish
to sell all that is necessary is to place your stock in the hands of a
broker and allow him to dispose of lt at the bid prW. If you buy Mam
moth stock at the present time you can sell it again within sixty days
at a considerable advance, and realize a large percentage of profit on
If you will allow me to tell you what to buy I think that you will
become convinced that there is money to be made in stock investments.
April 6, 1307.
The L Y. Keady
307 Failing Building.
cement house. Within two weeks the
foundations of the power-house will be
in ana the brick. car barns will have be
gun to rise. All the labor available at
La Porte is on the Job, and 200 Italians
from Chicago and 300 negroes from Ten
nessee will arrive any day and give new
impetus to the advance of the line. Two
construction locomotives and trains are
on the way to the camp. All the ma
chinery for the power-house is ordered.
It Includes the most modern Westing
house equipment, with a 400-horse-pow-er
engine. Fifty-foot combination mod
el Pullman passenger cars have been
ordered for delivery in April.
The" enormous steam shovel, costing
$10,000, and doing the work of a bag
gang of men. is on the way from the
Vulcan Iron Shovel Company of Toledo.
How Stock Can Be Bought Now
We Are Offering the Full Paid Nonassess
able $100 Par Value Stock o the
CHICAGO-NEW YORK ELECTRIC AIR
LINE RAILROAD COMPANY.
On the Following Easy Termsi
$45.00 buy 1 share, pay down $4.50 and
$4.C0 per month for 9 months.
$135.00 buys 3 shares, pay down $13.50
and $13.50 per month for 0 month.
$235.00 buys 5 shares, pay down $2.50 and
$22.50 per month for 9 months.
$450.00 bus-B 10 shares, pay down $45 00
and $43.00 per mouth for 0 months.
$2250.00 buys 50 shares, pay down $225.00
and $225.00 per month for 9 months.
J4500.O0 buy 100 shares, pay down $450.00
a.nd $450.00 per month for 9 months.
You can contract for any number of
shares, paying for them In the same pro
portion. You can pay more down and more
per month, if you desire; or you can pay
in the entire balance due at any time, when
the certificate will be Issued.
Three new work camps will be estab
lished and over 1000 men will be work
ing on the road here within a month.
In the first division territory there are
no more doubters as to the success of
the CHICAGO-NEW YORK ELEC
TRIC AIR LINE RAILROAD. As the
tangible assets of the road increase the
value and the price of the stock ad
vance. THE MAIN POINT TO CONSIDER.
Look at this proposition carefully. It
Is not necessary for you to take in all
at once the limitless earning possibili
ties of the great modern railroad which
will connect our two greatest cities with
their 6,000.000 of population and with
such a surplus of business as they have
never known. It is not necessary for
Thf I-Mnaneial Critic Is the acceDted au
thority on high-clasa mining investnwntg In
Nevada, Green water and the West. It will
keep you posted on ALL THAT IS GOOD.
It will tell you what your present holdings are
worth. It atifwera all questions pertaining to
mines, fearlessly and truthfully. Special
correspondents In all districts- Tou can't af
ford to be without it. Write today and re
ceive It for 3 MONTHS WITHOUT COST.
E. H. KRAMER, PTTBT.ISHER,
144 Kreidrir Building, San Francisco. Cal.
LOUIS J WILDE
HOME TELEPHONE BONDS
Corner 6th and Washington StraaU,
Member Portland Stock Exchange)
L. Y. READY,
Phone Main 1258.
I r 3.M0NTHS FREE V
you to consider that this electric rail
road will cost less to build and less to
maintain than the present steam roads;
nor that this direct line between the
two great business marts will cut down
the distance between them to 750 miles,
the run to 10 hours. Simply regard the
road as a profitable investment, division
by, division. You will find it THE
FOREMOST INVESTMENT ENTER
PRISE OPEN TO THE AMERICAN
HOW TO LEARN MORE ABOIT THE
CHICAGO-NEW YORK ELEC
TRIC AIR LINE RAILROAD.
Many have written us asking all man
ner of questions concerning the build
ing of this remarkable railroad. We
could not answer all questions, and as
the questions followed the same line, we
have prepared some simple literature
which outlines its plans and scope and
which describes the men back of it and
the work accomplished. This reading
is intensely interesting, and if you care
to become fully acquainted with the
building of the first great electric trunk
line railroad ever built in this country,
fill in your name and address in the
coupon below and mail the coupon to
us. We will also be pleased to send
you, free of charge, a copy of the "Air
Line News," which Is a little illustrated
magazine devoted to railroads in gen
eral and the Chicago-New York Electric
Air Line Railroad in particular.
Southwestern Securities Co.
300-301 Tllford Bid., Portland, Or.
SOUTHWESTERN SECURITIES CO.
I am Interested In your railroad
project and If my request will not
obligate me In any way I shall be
srlad to receive farther Information.
Also 3 month' free subscription to
Air Line Newa.
108 Wall St., Spokane, Wash.
We have in our office and
can make prompt delivery of
all or part of the following
stocks, subject to prior sale:
600 Alameda (C. D. A.) 2S
500 Alberta Coal & Coke .35
1000 Alhambra (C. D. A.) 11
10J0 Bullion (C. D. A.) OSH
200 Bidwell Cold Motor .45
200 British Columbia Copper.. 8JM
603 Copper King (C. D. A.) 15V4
100 DeForest Wireless (Pfd.).. Bid
100 DeForest Wireless (Com.). Bid
100 Dominion Copper (B. C )... -50
1000 East Hercules Extension
(C. D.-A.) 03
2000 Echo 054
20) Furnace Creek Copper l.s
500 Furnace Valley 15
1000 Gertie (C. D. A.) .22
300) Happy Day (C. D. A.) 05V4
1000 Idora (C. D. A.) 2
60 J International Coal 61
200 Kendall (Mont.) l.oo
1000 Mineral Farm OO
2003 Missoula (C. D. A.) 0e)4
1000 Nabob (C. D. A.) .35
1000 Nonpareil (C. D. A.) u4hi
2000 Oom Paul (C. D. A.) 20
5000 Panhandle Smelter 05
6000 Park Copoer (C. D. A.) 06
1000 Reindeer os
1000 Rambler-Carriboo 32
2000 Sonora (C D. A.) 04
500 Snowehoe .50
200 Snowstorm 2.95
300 Stewart 3.75
500 Tamarack-Chesapeak 1.75
2000 Trade Dollar oa
We will aell a thirty-day call on any
of the active stock. We also aell stocks
on the monthly payment plan, thereby
KtTina; yon the benefit at the advance,
ailowlnsr yon to close your trade nt any
time and take ynr profit. We make
a specialty of New York and Boston
Write for Our Market Let
ter and Quotation Sheet
PDp PT XEW MAP OF
IX I 1 . GOLD FIELD.
In ivn colors, on heavy paper, 22x28
Inches in size, with key for locating every
property. Most complete Goldfleld map
ever published. Shows several additional
square miles of ground rot shown on any
ether map and exact holdings of every com
pany. This map is easily worth $1.00. We
have arranged to give away 5000 copies. We
will also 8rnd you our free market letter,
the best published, on the listed Xevadaa.
THE H. A. BXEDEL INVESTMENT CO.,
Bankers and Brokers. Capital $50,000.
263 .Bofttoi. Bids. Denver, Colo