The Sunday Oregonian. (Portland, Ore.) 1881-current, May 03, 1908, SECTION FOUR, Image 47

The Sunday Oregonian., May 03, 1908, SECTION FOUR, Page 11, Image 47

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Newspaper Page TextTHE SUNDAY OREGOXIAXV PORTLAND. 3IAY 3. 190S. Hi TRY AT IT Oregon Hopgrowers to Tempt Fortune Once More. ; WITH ODDS AGAINST THEM Cultivation r Yards Is General Throughout the Valley London Times on English Import Tax. Movement in Potatoes. Reports from all the hop sections agree that cultivation is general. Oregon grow ers have determined , to try it for another year, and if they can finance, the picking end of the game, the state will probably turn out a crop equal to that of last year. It is comparatively easy for the growers to raise the -money necessary for cultivating purposes, and they are in hopes of being able by some means to get picking funds. A good many are providing for this now by contracting at the low quotations cur rent This contracting, in a measure. 13 encouraging others to put their yards in shape. The large dealer-growers are spar ing no pains to raise full crops and this fact also inlluences the smaller grower3 to do the same, notwithstanding the large producers have their hops already sold at good prices. Much speculation is Indulged in as to the course of the market In the Fall, but there la not a dealer or grower here or anywhere else who knows whether hops will sell for 13 cents or for 5 cents. Only one thing is certain, and that is that the Oregon hop planters are preparing tOa put a big crop 00 the market and they are taking desper ate chances In doing so. The world's yield will have to be exceed ingly small this year to' offset the large reserve stocks carried by brewers. Much plowing up has been done in Washington and in some parts of England, but climatic conditions, except in the latter country, have been good up to this time. As against any possible shrinkage In the world's production from crop failuies and abandonment of yards must be reckoned the decreased con sumption In this country and England. . There .is also the chance of tariff regula tion by the British government, which, if adopted, would cut off the only market for the American surplus. On this subject the London Times in. an editorial said: The demand of the menaced horgrower for a 4os protective duty is. of course, one to which the free trade purist will feel in clined to olter an absolute refusal. Yet "it is doubtful. in all the circumstances, whether by this attitude of aversion he would not really be furthering the evils which he professes to abjure. The point of the situation was fairly expressed by Mr. Fell. In his letter which we lately published, when lie claimed that "the garden of ting Innil was worth struinlng a point to save." Tlie attack with which the hop Industry Is now faced is of a different kind to the ordinary stress of external competition which it has had to meet for many years past; It Is based on a total subversion of the normal laws of demand and supply, ami aims at speedily securing an absolute monopoly, which of all conceivable forms 01 trade Is the most untree. Nor does beer rank among the accepted necessaries of life, which form a class of commodities from which, as from the Ark of the Covenant, the rashly protective hand of the tariff re former is solemnly warned away. As Mr. Asqulth was not afraid to admit, the hop growers' case is one of . an . exceptional character; and no treatment will be of any avail which does not by some means reduce the present American attack upon our mar ket to the normal limits of trade compe tition. The hop industry is undoubtedly one which the country can ill afford to lose. It Is estimated still to represent more than S.UOu.ooo of capital, and employ, ltl.ooo rural laborers aU the. year round in addition to providing their one great annual outing to more than 300.000 slum-dwellers of Lon don and the Black Country. We trust that when the work of the. select committee is concluded, the claims of its much-tried rep resentatives will be weighed by the new Chancellor of the Exchequer in a liberal and discerning spirit. DEALKKS niJJ:i XV WITH MOHAIR Awaiting Eastern Developments Before Buying Further, Mohair buying has practically ceased. The market holds steady at 18 to 18H 'cents, but local dealers have about all the hair they can handle and are awaiting advices from the East before proceeding further la making purchases. ( The latest issue of the Boston Commercial Bulletin says of market conditions In the East: The quiet situation of last week still obtains- both In this country and abroad. Manu facturers are doing a very email business, and consequently they are not in the market for any appreciable quantities of hair. Fur thermore, the end of the present dullness Is not yet In sight, according to many con versant with conditions, as many of the mills are understood to be well stocked with hair. Values are unchanged and only nomi nal oa account of the absolute lack of activ ity. The foreign- markets are dull, with no immediate prospect of substantial recovery. The new hair Is still being brought to the selling centers of the West, but little trading has been done yet. The Bulletin quotes as follows: Domestic Combing. 2S31c; carding (choice), 24S27c; carding (average), 20B22c; inferior, lo&aoc; tops. 40c; noils (first combings), ljjl8c; noils (second combings), lUfcUlc. Foreign Turkey (extras), 62fo5te: Turkey (fair aver age), 4k&00c: Cape (flrsts), 37fi40c; Cape (seconds), 3tj&37c. POTATO SPECIAL AT ATHENA. OR. Forty Curloads Are Bring Loaded for De livery at Seattle. Thirteen cars of potatoes are being sent from Athena. Or., by one firm of growers Barklow Ss Ransler. who operate the largest potato ranch In the Northwest. The pota toes are of Burbank variety, were raised on the mountain tableland 10 miles from Athena and havs kept perfectly through the Winter. The potatoes are part of a shipment of 40 earn now being made by D. B. Jarman and Seattle wholesale houses. Part of the ship ment is being rushed as fast as cars can be luaucd for rush orders, but a special train will be made up next week, composed of 20 curs, and will be sent through on the sched ule usually made by stock trains. "Weston Muntaln Potatoes" will be painted upon banners for each aide of each car, and an effort will be made to advertise the new dis trict by marking the bagtj, as well as by operating the largest potato train ever seen In the Northwest. The price received on the large shipment Is higher than had been paid for other ship ments, ranging close to (12 per ton, accord ing to quality. D. B. Jarman, who manlpu lated the sale, owns department stores at Athena and Weston. This Is the first attempt to ship produce in large quantities from that section: The demand from the Sound is in anticipa tion of the opening of the Alaska trade and the coming of the battleship fleet. BIO DEMAND FOB STRAWBERRIES. Receipts, the Largest of the Season, Are Not Sufficient for the Demand. 8trawberry receipts yesterday were the largest of the season, amounting to C23 crates. The supply was not excessive, how ever, and the market held firm. Jessies hrinxlns and Dollars 2.25 per crate. In ANOTHER addition to the Florin berries, a few lots of very fancy fruit were received from the fan Joaquin Valley and brought about 40 cents a pound. Otherwise the" fruit market was quiet. Vegetables were in good ' supply, espe cially rhubarb, which declined to l2c per pound This article is now in its flush sea son. Peas were also plentiful, but sold well at 6fiT cent3. Walla Walla asparagus Is In good supply at $1.33 per- box. A car 'Of California cabbage was received. Valley Wool Market Goes Lower. The Valley wool market is quoted very weak and there is practically no trading. Local dealers are offering 10 to 11 cents. The local market is lower than it has been any time sines 1S04, when purchases were made on the basis of present quotations ! end some lots were bought as low as 8 cents. After that prices advanced steadily until two years ago, when the market touched 2S cents. California Millers Want Wheat. A good inquiry from California millers has stimulated business in the wheat mar ket in the last two days. Purchases of blue etem at 89 cents and of club at 66 cents are reported. ' The prices thus established are above export values and the exporters are. therefore, practically out of the mar ket. Butter Is In Active Demand. There is a strong local and shipping de mand for butter, and the city creameries keep their supplies well cleaned up. Con siderable speculative buying is reported on Front street. The egg market was active and firm yes terday, without change in price. Poultry receipts were light and cleaned up readily at firm prices. BOARD OF TRADE QUOTATIONS. Grain. Flour and Feed. WHEAT Track pr'ces: Club, 88c per bushel: red Russian, b4c; bluestem, 8yc; Valley, 8Uc. Fl-ol'K Patents. $4.6S per barrel: straights, v3.1jB4.35; exports, $3.5003 85; Valley, (4-45; 4 -sack grapam, 14.15; whole wheat. $4.40: rye. $5. 23. BARLEY Feed, $24 per ton; rolled, $2? 28l brewing. 2ti OATS No. l white, $27 27.30 per ton; gray, $26,508-27. MILLS'! UK ti Bran, S2d per ton; mid dlings, $30.30; shorts, country. $28.50; city, $27, wheat and barley chop, $27.30. HAY Timothy, Willamette Valley. ' $1T pel ton: Willamette Valley, ordinary, $15; Eastern Oregon, $17.50; mixed. $1U; clover, (14; alfalfa. $12; alfalfa meal; $20. Fruits and Vegetables. . , POTATOES Select, selling price. 70o pir hundred; Willamette Valley, buying price. 45c per hundred: East Multnomah, buying price. 55c; Clackamas, buying price. 5c per hundred; new California, 4$?4ttc per pound; sweet, 5Vfcc per. pound , APPLES Select. $2.50 per box; fancy, $2; choice, $1.50- ordinary', $1.30. ONIONS Texaa Bermudas, $2.75 per crate; garlic, 25c per pound. FRESH FRUITS Oranges. $2.78 3.33 per box; lemons, $2.7303.75; strawberries, $2 per crate. VEGETABLES Turnips. -$1 per sack; carrots, $1.501.76; beets. SI. 25: parsnips. $1.25: cabbage, $2.00 per cwt. ; tomatoes. Florida. $3.7504 per crate; Mexican, S2; cauliflower, California, $1; head lettuce, 35c per dozen; cucumbers, $1.752. dozen; 'celery, S5c0$! per dozen; artichokes. 50c per doz. ; asparagus, 7 Sc pound; beans, 20c per pound; egg plant, 2&&30c per pound; parsley, 25c per dozen, peas. 607c per pound; peppers. 20c per pound: rad ishes, 15c per dozen; rhubarb, 102o per pound; spinach, 85c per crate. . Butter, Eggs and Poultry. BUTTER Extras, Mhia per pound; fancy, 21c; choice, 20c; store, lrtc. - HTGGS Loss and commission off, 17 c per dozen. CHEESE Fancy cream twins, 15c per pound; full cream triplets. 15c; full cream young Americas, 10c; cream brick, 20s Swlxs blk . 20c; limburger, 22ftc. POULTRY Mixed chickens. 13e per lb.: fancy hens, 14(&15c; roosters, old, 9c; fry ers, doz, $4; broilers, doz., $4.5003; dressed poultry, per lb., lc higher. Meats and Provisions. DRESSED MEATS Hogs, fancy. 8c per pound; ordinary, 707&c; large, 6c; veal, extra, 8c: ordinary, 7c; heavy, 6c; mutton, fancy. li)c. HAMS Hams. 10-13 lb., 15c per pound; 14-ltt lb., 14c; 18-20 lb., 14Vjt. BACON Breakfast, 15022c per pound; picnics, 10c; Cottage roll, lie. DRY SALT AND SMOKED Regular short clears, smoked, 11 e per pound; un smoked, lOftc; unsalted bellies. 10-13 lbs., smoked. 10013c; 10-13 lbs., unsmoked, 12c; clear bellies, unsmoked, 13c: smoked, 14c; shoulders. 11c; pig tongues, $19.50. LARD Kettle leaf. los. 12 c per pound; 5s. 12c; 50s, tins, I2c; S. rendered, 10s, like; 63, llftc; compound. 10s. 840. JOBBERS' QUOTATIONS. Fruits and Produce. FRESH. FRUITS Grapefruit, $2,759 8.25; tangerines, $1.30 per box; bananas. Bttc per pound; crated, 6c; cherries, $1,230 1.00 per box; strawberries, $2 per crate. VE'iETAiiLE.A Peas, 4 07c per pound; beans, 12 Vic; asparagus, 70 be; head lettuce, 33 040c per dozen; peas, 5 06c; rhubarb, 20 8c; eggplant. Eastern, 15 0 20c; Coachella. 15c; Caiuornla onions, $2.75 per crate. DRIED FRUITS Apples, loc per pound, peaches, 11012Vsc; prunes, Italian, S0tfVc; prunes, French. 30 5c; currants, unwashed, cases. 9V4c; curiants. washed, cases. 10c; figs, white, fancy. 50-pound boxes, iihko. EGGS Oregon ranch, candled, 17ic per dozen. POULTRY Fancy hens. 1414c; mixed, 13014c; roosters. 901uc; fryers, 25 0 26c; broilers, 2120c; ducks. 17018c; geese. 80 9c; turkeys, alive. 14015c; dressed, 17018s . Hops, Wool, Hides, Ete. HOPS 1U07, prime and choice, 4 03V4O per puuud; oids, l0lVsc per pound Wool KoaLern Oregon, 'averuge best, II 015c per pound, according to shrinkage; Valley, 10011c. AiorlAiit. choice, 180 18 Vic per pound. CASCAKA BARK. 0Vsc per pound HlL)Ls-r-lry, 12 0l2vc; dry caif. No. 1, under 5 lbs., 14 010c; culls, 2c per lb, less; salted hides, 5c; salted calf, 9c; green (unsalted). la per lb. less; culls, lc per ib. less; sheep -skins, shearlings, No. I butchers' stuck, each, 230 3OO: short wool. No 1 butchers' block, each, 50000c: me dium wool. No. 1 butchers' stock, each. 76o 0$1.OO; long wool. No. 1 butchers' stjck, each, $1,23 01.O; home hides, salted, each, according to size,' $2.0002.50; dry, accord ing to size, each, $1.0001.50; colt's hides, each, 25 0 50c; goat skins, common, eacn! 15025c; Angoras, with wool on, each, 80c4 (1.50. FURS For No. 1 skins: Bear skins, as to size. No. 1, each, $3.00010.00; cubs, each. $103; badger, prime, each. 25050c; cat. wild, with head perfect. 30 0 30c; house, 5 020c: fox. common gray, large pilme, each, 40 050c red. each. $303: cross, each. $5013; silver and black, each. $1000 300: fishers, each. $308; lynx. each. $4,509 6.00; mink, strictly No. 1, each, according to size, $103; marten, dark northern, ac cording to slse and color, each. $10015; marten, pale, according to size and color, each. $2 500 1; muskrat. large, each. 129 15c; skunk, each. 303MOC: civet or polecat, each. r015c; otter, for targe, prime skin, each, $ul; panther, with head and claws perfect, each, $203 raccoon, for prime larce. , each 5075e; wolf, mountain, with head perfect, each. $3.50 0 3.00; prairie (coyote), 60c $ 1.00; wolverine, each, $69 8 00 Coal Oil and Gasoline. REFINED OILS Water white. Iron bar rels. lOVc: wood barrels. 14Vic. Pearl oil, eases. ISc; head light. Iron barrels. 12Hc; cases. 19M;c; wood barrels, levtc. Eocene, cases. 2.1c. Special W. W-, iron barrels, 14c; wood barrels, 18c Elalns. cases. 28c. Extra stnr. cases, 21c. GASOLINE V M. and P. naphtha. Iron barrels. 12?c: cases. JOVfcc. Red Crown gasoline. Iron barrels. U'.Hc; cases, 22c; motor gasoline, iron barrels. 15 Vic; cases, 22Vic; oil gasoline, iron barrels, 30c; cases, 37 Vic; No. 1 engine .distillate, iron barrels, 9c; cases. 16c. Fresh Fish and Shell Fish.. FRESH FISH Halibut. 7c per pound; black end. 8c; black bass, 20c; striped bass, 1.1c; herring. 5 Vic: flounders. 6c; catfish, 11c; shrimp, 10c; perch, 7c; sturgeon, 12c; sea trout, 15c; torn cod, 10c; salmon, Chinook. 7 10c. ci.ams Little neck, $2.50 per box; razor clams. 2 per box. OYSTERS Shoalwater Bay per gallon, $2.23; per sack, $4.50; Toke Point, $1.60 per 1O0; O'.ympla (120 pounds), $6; Olympia, per gallon, $?-23. Wool at St. Louis. ST. LOUIS. May 2. Wool Steady: terri tory and Western mediums. 17019c; fine mediums. 15017c; fine, 11014c M nui STOCKS .Top Level of the Week Again Reached. . BUT GAINS WIPED OUT Realizing ' Sales and Uncertainty Over tlie Bank Statement Cause the Keaction at the Close. Bonds- Are Firm. NEW YORK, May t. There was an ac tive rebound in prices of stocks today to the highest level of the week for those which have been most conspicuous in the move ment, which were mostly m the trans continental group. The movement was a continuance of the buoyant rise in progress when the market closed yesterday and it was equally lacking In special news devel opments to explain It. The advances were praotlcally wiped out In the final reaction. The aggressive operations in St. Paul were resumed from the same sources that served to impress speculative sentiment yes terday. There was marked strength in Chesapeake St Ohio, which was also unex pected The prospect of the strong bank statement was an Influence In upholding prices. A favorable Influence In the mar ket was the confidence expressed by promi nent financiers newly returned from Europe in the good prospects of growing Interest by European capital In American Invest ments. . There was a decline in the private discount rate in Paris and tha London money market had the benefit of large divi dend disbursements. The local money mar ket was reported somewhat firmer. The sharp reaction at the last seemed to be due. In addition to the selling to take profits, to misgivings ever the accuracy of the favorable forecast of the bank state ment. The statement, however, disclosed more than the estimated gain in cash, and only a nominal loan expansion, In spite of the Important operations of the week The surplus reserves of the banks are estimated, in consequence, at over $02,000,000. The closing tone was weak and with most of tire earlier advance sacrificed. Bonds were firm Total sales, $2,116,000. United States bonds are uncnanged on call for the week. CLOSING STOCK QUOTATIONS. Closing Bales. High. Low. Bid. Adams' Express 176 Amal Copper .... 8.800 81-H O0V4 60V4 Am Car St Foun. 1,400 36 35 Vi 33 do preferred 99 Am Cotton Oil... 200 28 28T4 2M do preferred 93 Am Express 193 Am Hd & Lt pf. 100 lVi 19Vk 1 American Ice 1,600 22 22 22 Am Linseed Oil 9 do preferred ' 21 Vi Am Locomotive.. 2,500 48 Vi 7V4 47 V4 do preferred .' 99 Am Smelt & Ref. 1,700 72V4 71V4 70 do preferred ,f. 96V4 Am Sugar Ref.. 100 127 127 127 Am Tobacco ctfs. 100 90 80 90V4 Anaconda Min Co. 2.B00 88H 87V4 37 Vi Atchleon 2,700 81 80 81 Vi do preferred ... 600 90 ett-'ji 89 Atl Coast Line... 600 85 84 83 Vi Bait & Ohio 2.COO 88 67 87 do preferred 85 Brook Rap Tran.. 2.3O0 47 46 46 Canadian Pacific. 1,600 15f 156 155 Central of N J... 200 183 ' 182 VJ 185 Ches & Ohio 18,300 38 36 38 Chi Gt Western Chicago N W.. 2.700 152 151 151 C. M Sc St Paul. 30,000 132 131 131 Chi Ter A Tran. 10 do preferred 25 C, C, C & St L 57 Colo Fuel & Iron 1,900 2S 24 24 Colo Southern.. 1,200 31 30 30 do 1st preferred ..... 59 do 21 preferred 40 Consolidated Gas li Corn Products ... 800 14 14 14 do preferred 69 Del Hudson... 300 160 160 159 Del, Lack & West 490 T & H Grande ' 20 do preferred 60 Distillers' fiecuri.. 200 32 82 32 Erie ' 700 18 18 18 do 1st preferred. 100 34 34 33 do 2d preferred 23 General Electric. 3O0 134 134 134 Illinois Central .. 900 130 135 134 Int Paper . 9 do preferred ... 100 54 54 S3 Int Pump ...... ..... . 23 do preferred ... ...... ..... ..... ' 69 Iowa Central ..... 15 do preferred ... 900 35 34 84 K C Eouthern 100 23 23 23 do preferred ... 200 55 55 55 Louis & Nashville 2.100 107 106 106 Mexican Central.. 8,500 15 15 15 Minn & 8t Louis 800 26 25 26 M. St P c B S 11. 200 112 112 lllJi do preferred 120 Missouri Pacific.. 11.500 49 47 48 Mo. Kan & Texas 5. UK) 28 27 27 do preferred ... 1.200 60 59 60 National Lead ... 2,400 60 69 69 Mex Nat R R pf 49. N Y Central 6.800 102 101 101 N Y, Ont & West 3.7K . 34 ,15 Norfolk ft West.. 2,000 67 60 60 do preferred 80 North American.. 200 67 87 56 Pacific Mail 26 Pennsylvania 1.400 121 120 121 People's Gas .... 1,100 90 89V, 80 P. C C ft St L 72 Pressed Steel Car 2x do preferred ..... ftx Pullman Pal Car 155 Reading 69.300 110 lc.9 110 do 1st preferred. 200 82 82 82 do 2d preferred. SO Republic Steel ... 300 17 17 17 do preferred ... S(0 67 67 67 Rock Island Co.. 1,400. 16 13 l." do. preferred ... 200 84 82 3-"'i St L ft S F 2 pf St L Southwestern l.i- do preferred 3.'!Vi Southern Pacific .. 16,100 81 81 81 js do preferred ... 100 115 '11.1 115 Southern Railway. 200 15 16 15 do preferred ' 4o Texas ft Pacific. BOO 19 19 19 Tol. St L & West 3iO 17 -17 17 do preferred ... 100 4( 40-T iK Union Pacific ... 68.2O0 138 137 185T? do preferred ... 100 81 81 81 V S Expres 80 U S Renlty 40 U S. Rubber 20 do preferred 82 U S Steel 16,100 36 36 36 do preferred ... 1,100 101 101 101 Va-Caro Chemical , 20 do preferred 93 Wabash 10 do preferred ... 1.200 18 18 19 Wells-Fargo Ex- - 800 Weetlnahouse Elec 1.100 52 51 51 Western Union ... 200 61 -61 6o Wheel ft L Erie 6 Wisconsin Central 16 do prefererd 39 Northern Pacific. 23.100 134 132 133 Centrsi Leather .. 1.2O0 24 24 24 do preferred ... 200 93 92 i3 Slose-Shefflold 2n0 45 45 45 Gt Northern pf.. 22.000 129 128 12S!, Inter Met 2.300 lo 10 9 do preferred ... BOO 27 27 27V, Utah Copper .... 700 28 28 28 Total sales for the day, 417,345 shares. BONDS. NEW YORK. May Closing quotations: U. S. ref. 2s reg.lOStt'N Y C G 3s. . S9 do coupon. ., .104 North Pacific Ss. 71 U. S. Ss reg 100 North Pacific 4s. 10014 d coupon 101'South Pacific 4s. 84 U. S. new 4s reg.ll9'l"nion Pacific 4s. 70 do coupon 121iWlscon Cent 4s. 82 Atchison ad1. 4s 86 Japanese 4s 77 D ft R a 4s 94 I Eastern Mining; Storks. NEW YORK, May 2. Closing quotations: Adams Con '3 Little Chief...... 55 Ontario 425 Ophlr 2.10 IPotosI u 'Savage 25 Alice '-!U5' Breece 10 Brunswick Con. 10 Comstock Tun.. 3o C C is Va 40 Iron Silver 100 Leadvllle Con.. 5 fcierra Nevada. . 35 Small Hopes.... 18 Standard 150 BOSTON. May Adventure . . 1 Allouez 23. Amalgamated 60 Atlantic .... 10. 2. Closing quotations: 75 JQuincy 81.00 00 'Shannon 12.12 12 'Tamarack ... 60.00 30 ITrlnity 13.25 Bingham ... 2o. Cal & Hecla.625 00 United Copper 6.50 U. S. Mining. 3I..-.0 Centennial . . 22. U. S. Oil 22 00 3S 23 Copper Range 67 Utah Daly west... 9 Victoria .... . 2.50 . 43.25 .123.00 . 58.00 . 22.00 Franklin .... Granby Isle Royale.. Mass Mining. Michigan ... "lnon .... Wolverine . . North Butte. Butte Coal.. Nevada 11.37 Mohawk Cnl ft Ariz.. .103.50 Ariz Com.... 17.75 Mont C ft C 50. Osceola Greene Cananea 8.00 Parrot Money. Exchange, Ete. NEW TOKK. May 2. Money on call nom inal. Time loans somewhat firmer; 60 days, 243 per cent; 90 days. 3; six months. 3. Prime mercantile paper, 44 per cent. Sterling exchange steady, with actual busi- ness in bankers' bills at $4.86900 4.87 for demand and at $4.84400 4.8450 for 60 days. Commercial bills, $4.8154 04.87. B-ir silver. 52trC. " . Mexican dollars. 4c. . ' Government bonds, steady; railroads, firm. SAN FRANCISCO. May 2. Silver bars, 52c. ....... Mexican dollars. 43c. Drafts, siet-.t. 2; telegraph. 5.' Sterling, 60 days, $4.84; sight, 8T. Bank flea rings. Clearings of the Northwestern cities yester day were as follows: Clearings. Balances. Portland . ...;1. 011.0SI $li.l(i1 Seattle l,19!l.m 1M.S12 Tacoma 511,310 Ji2.!tl 6pokane . 1.182.857 " flll.064 Clearings of Portland. Seattle and Tacoma for the past week and corresponding week la former years follow : , ' Portlsnn. Seattle. "Tacoma. 1908 $5,184,694 $.W6.S!iO 5tt.MO.tS29 1!Xi7 . 7.104.411S 8.:ti,fr.o ) 4.7fi.l'l3 10O6 5,Hi5..t:;3 8.017. :ci4 3,;5,7;9 1903 4.:W4..t;2 6..KW.7BO 3.102.7H9 l'.to . , :.. 2.51W.427 3.454.314 1.839.S2U l!to3 2.SH7.72S 3,os,ri'2 1.742..187 1902 2.59S.072 2.527.1R2 1.20.1.157 19ol 2.UM.W9 2.078. 408 1,118,121 Dally Treasnry Statement. WASHINGTON, May 2. Today's state ment of the Treasury shows: Available cash balance .$2."2.523.453 Gold coin end bullion... 13.870:423 Gold certificates 20.002.580 SURPLUS IS DECREASED FIRST CHANGE OP THIS KIXD IX MANY "iYEEKS. New York's Cash Is Reduced Payments Into Snbtreasnry and Gold Exports. by NEW YORK, May 2. The Financier will ay: There was a wide discrepancy between ths statement of averages made by . the banks and the statement ot actual condition on Saturday. The statement of averages showed an increase -in surplus reserves of $3,368,150, while the actual condition Indi cated a decrease In this Item of $025,050, the first decrease noted in a great many weeks. Taking the statement of actual conditions as revealing the more correct bank situa tion, loans Increased $6,33,400, and cash increased $2,564,300. this despite the pay ments by the banks Into tne subtreasury during the week of $3,230,Ouo and the con tinued exports of gold to Europe and Canada. The strong position of the banks was indicated by the fact that notwith standing all the adverse factors, the sur plus reserve is only $l,6o.ooo less than one week ago. The actual percentage of cash reserves now reported by the Associ ated banks is 29.80, the reserve of state banks not affiliated with the clearing-house is 27 per cent and the reserve carried by the trust companies is 81.83 per cent. The statement of average of clearing house banks for the week .shows that the banks hold $252.0iO more than the re quirements ot the 25 per cent reserve rule. This is an increase of $3,368,130 In the pro portionate cash reserve as compared with last week. The statement follows: Increase. Loans $l,190,4,-i5.200 $ 63.000 Deposits .' 1,257.759.200 6.855.4O0 Circulation' 68.248.800 1.116.900 Legal tenders .... 68.747. 7x) 1.773.100 Specie 3OK.043.0lK 3.3O6.900 Reserve j. 870.792.7O0 5.OS2.0O0 ReBerve required .. 314,439,800 1,713.850 Suralus '. . 62.353.900 8,368.130 Ei-'U. S. deposits.. 72,704,830 : 2.836,373 '.Decrease. The statement of banks and trust com panies of Greater New York not -members of the clearing-house shows that these in stitutions have aggregate deposits of $836, 92G.500; total cash on hand, $38,784,800 and loans amounting to $829,127,600. PORTLAND LIVESTOCK MARKET. Prices Quoted Locally on Cattle, Sheep and llORS. No changes of Importance occurred in the livestock market yesterday. Cattle and hogs were In good demand and ruled firm In price, as receipts were only about suf ficient for the demand. An easy tone pre vailed In the sheep market and it is the expectation of the trade that prices will have to come-down In the. near future, when sheared sheep begin arriving more freely-. Receipts yesterday were 150 hogs and 25d sheep. The following quotations were current on llvestsck on the local market yesterday: CATTLE Best steers; $3; medium. $4.50 4.75; common, $3.504; cows, best, $4; common, $3.503.75; calves, $4.50(15.50. SHEEP Best wethers, $6; ewes, $3'5.50: shearlings, $1 less; Spring lambs, $66.50. HOGS Best. $6.23Jj 6.50; medium, $5.75 jj 8; feeders, $5,251(5.50. Eastern Livestock Prices. SOUTH OMAHA, May 2. -"-Cottle Re ceipts. 1O0; market, unchanged. Hogs Iteceipts. 12,300; market, active and 5c lower. Heavy, $5.3O'S'3.40; mixed, $33.33: light. $3.40$ 3.87: pigs. $4,003 4.75: hulk of sales, $...32 3.35. Sheep Receipts. 900; market, steady. Yearlings, $3fi-6.10; wethers, $5$5.75; ewes, $4.505; lambs. $0.75ffi7.25. - CHICAGO, May' 2. Cattle Receipts, about 800; market, steady. Beeves. $4.oo; 7.20; Texans. $4.50fi 3.50; Westerns. $4.00;.j 5.90T stockers and feeders, $3.50(&i5.70; cow and heifers. $2.4O0.4: calves, $4.50-96.25. Hogs Receipts, about 13,000; market, 5c lower. Lights, $5.305.75; mixed and heavy, $3.30i S.80; rough, $5,3015.50; good to choice heavy, $5.50'tf'5.SO; bulk of sales, $5.601 5. 73. Sheep Receipts, about 3000; ' market, steady Natives, $4.70 6. 15; Westerns. $4.7553 0.20; yearlings, $.23'5 6.S0; lambs, $0.75 'a 7.40; Westerns, $3.73 7.50. KANSAS CITY, May 2. Cattle Receipts. 500; market, steady. Native steers. $5.25 ifi 6.80; native cows and heifers. $3.5006.50; stockers and feeders. $3.50 15.73; bulls. $3.40 5.23: calves. $3.75 0.23; Western steers. $5tij6.75; Western cows, $3.5O3.50. Hogs Receipts. 70O0; market, 5100 low er. Bulk Of sales. $5.454r5.55; heavy, $5.50 $U3.60; packers and butchers. $5.435.60; light, $3.2.VdS."0: pigs, $3.754.40. Sheep Receipts, 500; market, steady. Muttons, $4.755.60; lambs. $lijj7.10: ranse wethers, $4.75 6 5.50: fed ewes. $4.30 tf 3.20. Groceries. Nnts. Ete. RICE Southern Japan. 41c; head, 7e; Imperial Japan, 6c. COFFEE Mocna. 24p2Sc; Java, ordinary. 17 W 20c; Costa Rica, fancy. 18420c; good 16 18c; ordinary, 124? 16o per pound. Co lumbia roast canes. 100s. $14.50; 60s, $14.75; Arbuckle. $16.50; Lion. $15.75. SALMON Columbia River, 1-pound tails. $2 per dozen; 2-paund tails. $2.95; 1-pound flats, $2.10; Alaska pink. 1-pound talis. U5c; red. 1-pound tails, $1.45; souteyes. 1-pound tails. $2. SUGAR Granulated. $6.45; extra C, $3.95; golden C, $5 65; fruit and berry sugar, $6.53; plain bag, $6.35; cube (barrels'. $6.85; pondered (barrels), $6.70. Terms: On remittances within 16 days deduct Wc pel pound; If later than 15 days, and within S4 days, deduct c per pound; Maple sugar, 154el8c per pound. NUTS Walnuts. 16Vs91sc per pound V) sack: Brasil nuts. 10c: nlberts 16c; pecans, J6c; almonds. .161 u 18c. cnastnuts. Ohln 25c; peanuts, raw. 63l8taG per pound; roasted, loc; plneniuts, 104112c: hickory nuts, 10c; cocoanuts. 90c per dozen. SALT Granulated. $18 per ton; $2 25 per bale: half ground. lOOs. $11 per ton; 50s, $11.30 per ton. BEAN6 Small white. 44c; large white, 4.40c; pink. 3.85c; bayou. 3.86c; Lima, 6c; Mexican red. Hie. . HONEY Fancy. $3. 50 0 3. 75 per bog. CEREAL FOODS Rolled oats, cream. 90 pound sacks, per barrel. $7; lower grades. $5 5O4J6.50; oatmeal, steel-cut. 43-pounll sacks. $8 per barrel: 9-lb sacks. $4 23 per bale; split peas, per '00 pounds. $4 2504.80; pearl barley. $4 50 6 per 100 pounds: pastry flour. 10-pound sacks. $2.75 per bale; nskee wheat. $2.75 per case. Dairy Produce In the East. CHICAGO, May. 2On the produce ex change today the butter market was steady. Creameries, 1025c; dairies, 1824c. Eggs Easy at mark, cases included, 14c; firsts, lc; prime firsts, 15Vc Cheese Steady, 11 12c NEW YORK. May 2. Butter, cheese and eggs, steady, unchanged. Naval Stores. SAVANNAH. May 2. Turpentine Steady, 43! 44c. .Sales. 378 gallons; receipts, 840 gallons; shipments, 461 gallons. Rositn Firm. Sales. 253 lbs.; receipts, 2390 lbs.; shipments, 519 lbs.; stock, 67,119 lbs. ABC, 2.95c; A. 3o; D. 3.07Ai3.10c; E, S.153.25c; F, 8.253.35c; G.. S.353.40c; H, 3.75g3.80c; I. 4.60c: K. 6.50c; M, 5.60c; N, 6.7Qi WO. fi.SOci WW. 6.S5C, DAMAGE BY BUGS Wheat Strengthened by Re ports of Insect Troubles. ' FIRM ALL DAY AT CHICAGO Cold Weather In Southwest and Good Cash Demand Are Strengthening Factors Heavy Decrease In the Visible Supply. CHICAGO. May 2. Wheat was firm all day. the market opening somewhat higher because of cold weather in the Southwest and a good demand for cash wheat In the Northwest market. From Kansas and Okla homa reports were received of damage by the Hessian fly and by chinch bugs. The visible supply dcreased heavily and pri mary receipts were only 318.000 bushels against 839.000 bushels a year ago. July wheat-opened H0Vc te i4S'ic higher at 88c to- 8Vsc, sold between S84c and SUc and closed firm at 89 c. Buying by shorts caused a further ad vance in May corn. The close was firm. July opened a shade to e higher at 64 64 "4 c sold between- 64c and 64 'ic and closed at 64464c. Oats were dull all day. July oats opened He higher at 4Hc, sold between 46)c and 47c and closed at 46T447e. A large run of hogs In the West was responsible for the easy feeling in the pro vision market early In the day. At the close July pork was 5c lower and lard and ribs were each unchanged. Leading futures ranged aa follows: WH BAT. Open. High. Low. Close. $103 $1.04 $l.o:iiJ $1.0314 July .801, .81IS4 .hh.-k .ftnaj September ... .84 .85 .84 hi .86 CORN. May 68H .68 .68" July -64V, .64',, .64 .04 September ... .62ii , .6114 .62 .62 OATS. May, old .... .63 .5354 .B34 .534 May, new ... .53 .53 .53 63 July, old 4HT4 .47 .4(1 .47 July, new ... .451, .451, .451, .45 September ... .3714 .3714 .3714 -371 PORK. May 13.10 13.15 13.10 13.10 July 13.30 13.50 13.30 13.40 September ...13.6714 13.7714 13.6714 13.7214 LARD. May 8.25 8.35 8.25 8.30 July 8.40 8.5214 8.40 8.45 September ... 8.5714 8.70 8.6714 8.324 SHORT RIBS. May '6.8714 T oo 6.8714 ' 6.97H July 1.1714 7.2714 7.1714 7.2214 September ... 7.4214 7.5214 7.4214 7.60 Cash quotations were as follows: Flour Steady. Winter patents, $4.204.6O; straights, $3.9o4.40; Spring patents, $5.10 5.25; straights, $484.66; baker's. $3. HKfj 4. 10. Wheat No. 8, 98c6$l.Il; No. 2 red, $1.0214 1.0414. Corn No. 2, 6c: No. 2 yellow, 68c. Oats No. 2. 53!ic: No. 2 white, 43c; No. 3 white. SlgSillsC. Barley Fair to choice malting, 68ffi72c. Flax seed No. 1 Northwestern. $1.22. Timothy seed Prime. $4.25. Short rlt Sides. (loos). $.62'Afr7.60. Pork Mess, per bbl., $13. 1214113.25. Lard Per 1O0 lbs.. $8.30. Sides Short, clear (boxed), $7.37147.0214. Whisky Basis of high wines, $1.35. , Receipts. , Shipments. Flour, bbls. 13.8110 1 28.500 Wheat, bu. 2X.20O 140.5110 Corn, bu 123. 00O 640.5O0 Oats, bu. 297. 800 3O0.3IIO Rye, bu 8.000 3,000 Barley, bu 62,700 21,606 Grain and Produce at New York. NEW YORK. May 2. Flour Receipts. 19,700 barrels; exports. 13,226 barrels; firmly held, with a quiet trade. Minnesota patents. $5. ling 5.50; Winter etralghts, $4.25jl4.40: Minnesota bakers', $4.104.60; Minesota low grades, $3.40&4. Wheat Receipts. 27.000 bushels; exports, 48.300 bushels; spot, firm, No. 2 red, $1.10 elevator and $1.1114 f. o. b. afloat; No. 1 Northern Duluth. $t.ll14 f. o. b. afloat; No. 2 hard Winter. $1.04 "4 f. o. b. afloat. Manipu lation caused a 3-cent advance in May wheat toiiay and later months were a cent higher on bad weather news and covering. Final prices showed to 3c net rie. May, $1.08:14. et.10, closed $1.10; July closed at 98c; September. 92 Id r!i24c closed at v2Sc. Hops Dull. Pacific Coast, 1907, o'aKc; 1906, 3B5.-. Hides Steady. Petroleum Steady. European Grain Markets. LONDON". May 2. Cargo, oulet and In- Portland Railway, Ligtit and Power Company i ONE YEAR, SIX PER CENT, GOLD NOTES Dated May 1, 1908 Due May 1, 1909 Interest payable November 1, 1908, and May 1, 1909, at the office of SECURITY SAVINGS & TRUST COMPANY, PORTLAND, OREGON. COUPON NOTES OF $1000 EACH Both. Principal and Interest Payable in Gold Coin. TOTAL AUTHORIZED ISSUE $250,000 Secured by deposit with the Security Savings & Trust Company,. Trustee, of $375,000. Portland Railway, Light & Power Co. sinking fund mortgage, 5 per cent bonds. These notes are amply seenred, yield an excellent rate of interest, could be quickly converted into cash at any time prior to maturity, and afford a par ticularly safe and attractive short time investment. . We have already sold the greater part of this entire issue and surrcrest to prospective purchasers that they place orders for tli6 same with us as early in the week as possible. . NOTES NOW READY FOR DELIVERY. PRICE-PAR AND IN TEREST. Full particulars upon application. , - MORRIS BROTHERS Chamber of Commerce D0WNING-H0PKINS C0J ESTABLISHED 189S BROKERS STOCKS --BONDS --GRAIN Boojrht and aold for emh mad oa- manrta. Private wires Rooms 201 to 204, Conch Building S3: active; Walla Walla, prompt shipment. 3d lower, at 36 6d; California, prompt ship ment, 3d lower, at 37s. LIVERPOOL, May 2. Wheat May. 7s 3d; July. 7s S'id; September, 7s a&d. Enplish country markets, nrm;. French country markets., firm. Australian shipments, '56,000 bushels: last week, 152.000 buahels- Graln at San Franeisira. SAN FRANCISCO, May 2. Wheat and barley, quiet. Spot quotations: Wheat Shipping. $T.62(41.65 per cen tal; milling. SI.rtti'i'ii.1.70. Barley $1.334 H L4214 per cental; brew ing, 1.45L521s'. Oats Red, $1.4214 1.53; White, $1.52Vi 1.65; black. $1.55 L62. Call board sales: Wheat No trading. Barley May, $1.45. Corn Large yellow, $1.6531.70. N art h western) Grain Markets, MINNEAPOLIS. May 2. Wheat May. $1.07; July, $1.06:4; September 9bc; No. J hard, $1.1'4&1-1 : No. 1 Northern, $1.08'4 Srl.OS-'H; No. 2 Northern, $l.ooikl.o6;!4 ; No. 3 Northern. 99cfe$1.04. DULUTH. May 2. Wheat No. 1 Northern, $1.03; May. $1.0414,; July, $1.05; September, lfcc. Wheat at Tacoma. TACOMA, May 2. Wheat One cent higher. Prices paid by exporters: Blue stem, 87c; club. 85c; red, 83c QUOTATIONS AT SAN FRANCISCO. Prices Paid for Produce In the Bay City THaritet. SAN FRANCISCO, May 2. The follow ing prices were quoted m the produce mar ket today: Vegetables Garlic. 185?2"c: green peas, 75cG$1.25; string beans, 010c; asparagus. 37Vjc; tomatoes, $1.50uv2.5O; eggplants, 17 20c. Poultry Roosters, old. $44.50: roosters, young, $7.50rgUO; broilers, small, $2.50ti.'!.5O; broilers. large, (IMi; fryers, $7S; hens, $4.509; ducks, old, $405; young, $5407. Butter Fancy creamery, 23c; creamery seconds, 2214c; fancy dairy, 21c. Eggs Store, 20c; fancy ranch, 2214c Cheese New, 12 1214c; Young America. 13W1314C. Mlllstuffs Bran, $31(332.50; middlings, $33b36. Wool Spring, Humboldt and Mendocino. 20c; Mountain, 4&8c; South Plains and San Joaquin, 8 11c Hops New and old crops, 114 7c; con tracts, 6$j12c. Hay Wheat. $16Vg20; wheat and oats, $164J19; alfalfa, $914; stock, $810; straw, per bale, SStfjMHlc Fruits Apples, cnolce, $1.75; common. 60c; bananas, $13.50; Mexican limes, $3.506; California lemons, choice, $2.50; common. 75c; oranges, navels, $1.852.73; pineapples, $1.50cfr0. Potatoes Sweets, $23; .Oregon Bur banks. K.-c 61.00. Receipts Flour, 8285 quarter sacks; bar ley, 1500 centals; oats, 610 centals; corn, 65 centals; potatoes. 2170 sacks; middlings. 45 sacks; hay, 654 tons; wool, 157 bales; hides, 485. Dried Fruits at New York. NEW YORK. May 2. The market for evap orated apples was quiet and unchanged, with fancy quoted at 10c, choice at 7:4Li'.c, prime at 7Q714C, and common to fair at Si&tlltc. Prunes are unchanged so far as the local spot market Is concerned, with quotations ranging from 4 to 14c for California and from 5 to 10c for Oregon fruit. Coast advices report an export demand for apricots. The lower prices have pro moted a little between demand locally. Choice, 14Vi 1514c; extra choice, 1516c, and fancy, 19i21c. Peaches are unchanged, with choice, 9c; extra choice. 10c; fancy, lol-i104c; extra fancy. Ill412c. Raisins continue dull and nominal. Loose muscatels, Sfiill'-ic; seeded, 5&8c, and Lon don layers, $1.25'4'l-35. Coffee- and Sugar. NEW YORK. May 2. Coffee Futures closed steady at it net advance of rfj 10 points. Sales, 12.500 baps. Including: May. 6.8o$j5.85c: June. 5.85c; July. 5.90c; Septem ber. S.UStrec: December. tWr7.03c. pot, steady. No. 7 Rio, 6c; Santns, No. 4, 8c Mild, quiet. Cordova, 9:S 'ft l2c. Sugar Raw. quiet. Fair refining, 3.98c; centrifugal, .96 tivt. 4.4Sc; molasses sugur. 3.73c. Reflned. quiet. No. 6, Sloe; No. 7, 6.05c; No. 8. Be: No. 9. 4. fio; N. lo, 4.85c; No. 11. 4.Soc: No. 12. 4.75e: No. 13. 4.7x-: BONDS FOR INVESTMENT PRAXK ROBERTSON Falling Bldflr. Third and Waul. Sta. No. 14, 4.65c. Confectioner A 5.30c; mould A, 5 Kic; cut loaf, 0.3Uc; crushed, 0. 20c; powdered, 6.00c; granulated, 6.50c; cubes, 5.70c NEW YORK, May 2. The metal market tti v qmei miiu praciicatiy nominal in mo absence of cables. Tin Is roorted - rather t-a&y in- tone with quotation ranging froro-.. ai.SO to 31.t0c. v-uppor appears xo do somewnai unsetcina- nui w iiiia-siuiiuuiK rvvorm mm cvruun HllB am hnlrllnir tVkS tilahaii nrHraB T a U M ... Is quoted at Ii.ti2kcfn2.75c-. electrolytic at 12.4J 4i 12.2VjC and casting at 12.25,170.. Lead is unchanged at 4. 05 '-J"-. 10c. Spelter le unchanged at 4.tkfb4.t&k Imports and Export. NEW TOKK. May 2. Imports of merchan- i diee and drv eoods at the uort of New York: . for the weik endlns A.oril. 25 were valued at $12,694,830. Imports of specie for the week" ending" today were 28.022 ellver and 112.191 gold. ICxports of specie from the port of New -York were lU.UVt.K-.'l enlil nnri JM32.846 sliver. TRAVKLERS tit'iDK. . PORTLAND RT 7LIOHT A POWER CO. CARS IJJAYJi. Ticket Office and Waltlnrt-Room. First and Alder btreeta FOR Omron City 4, 6:30 A. M ., and every 80 minutes to and Including 9 P. M.. then 10. 11 P M.; lost car 12 midnight. Ciresham, Boring, latrle Creek, fcsui eaila. laiadero, lull-view and Trout dale 7:15, 9:15, 11:15 A- M.. 1.15.. 3:45. 6:15. 7:25 P. M. FOR VANCOUVER. Ticket office and waiting-room Second and Washington streets. A. M. 6:lo. 6:50. 7:25. 8:00, 8:39. 9:10. 9:50. 10:30. 11:10. 11:50. P. M 12:30, 1:10. 1:50. 2:30. 8:10, 8:50. 4:30. 5:10. 5:50. 6:30. 7:05. 7:40,. 8:15. 9:25. 10:35t U:45t- On Third Monday In Every Month the Last Car Leaves at 7:05 P. Al. 'Dally except Sunday. (Daily except Monday. SAN FRANCISCO PORTLAND 8. 8. CO. Only Direct Sleameia and Daylight Sailings. From Ainswortb Dock. Portland. 9 A. M. 8. 8. Rose City, May 9, 23, June 6. 8. S. State of California.. .May 16. 30, eto. From Soear St.. San Krancisco. 11A.M. S. 8. STATE OF CALIFORNIA. .Yliiy 9, 23, June 6. S. b. Rose City. May 16. 30, June 13. ete. -J. W. RANSOM. Dock Agent, M'lln 26.S Alnsworth Dock. AS. a. Myn nr., iickm ARtai, i au ou Phones Main 402. A 1402. CcliimMa River Scenery Str. CHAS. R. SPENCER Round trip daily, except Sunday, for. The Dalles and way points. Leaves 7 A. M. Returns 10 P. Al., washington st. dock. Phones 31"S4. - " COOS BAY LINE The steamer BREAKWATER leaves Port land every Wednesduy at P. M. from Oak btreet dock, for North Itend, MarahUeld and Coos Buy points. Freight received till 4 P. M on aay of sailing, passenger fare- flrst claBs. $10; second-class, S7. including bortn and meals. Inquire city ticket office. Third and Washington streets, or Oak-street dock.