The Sunday Oregonian., May 24, 1908, SECTION FOUR, Page 9, Image 45

THE SUNDAY OREGOXIA, PORTLAND, MAY 24, 1908.
9
TRADE IN FUTURES
Many Local Grainmen in Fa
vor of It.
THINK IT WILL HELP CITY
Relation of Cash Markets to Future
Trading Members of Board of
Trade Will Soon Take Ac
tion on the Matter.
With Portland's rapid advance to the
position of supremacy in the grain busi
ness of the Pacific Coast, the merchants
of this city have taken up the question
rf trading in futures on the local board.
Some differences of opinion have devel
oped, but the sentiment of a majority of
the dealers seems to be in favor of the
move. At a meeting of the grain mem
bers of the Board of .Trade In the near
future, definite action on the matter will
be taken.
The opponents of future trading- have
a number of arguments to support their
contention, but the advocates of the
practice are working steadily for the es
tablishment of a local exchange and de
clare that future trading along proper
lines will not only advance the interests
of Portland, but will prove of financial
benefit to the producers of this section.
Much of the adverse criticism, it is said,
grows out of a misconception of the re
lation which a future market bears to
the general movement In the distribution
of grain. The relation between spot and
future trading is thus described by a man
familiar with the business:
"Just for argument, say that 200 cars
of grain may have been received in Port
land for sale a certain day and 200 sam
ples, each representing a carload, may
be piled upon the tables. Buyers and
sellers mingle around these tables and
during the course of say an hour or two
these 200 cars of grain are sold. The
actual value of this quantity of grain is
probably upward to $150,000; the trans
actions in the future market, in the pit,
are merely accessories to these trades in
the grain itself.
"The pit is there for the same pur
pose that the cash grain tables are
placed on the floor. Upon the cash grain
tables are placed samples for the con
venience of buyers and sellers to exam
ine the grain and get together in the
sale and purchase of the grain Itself, and
the pit is there for the purpose of en
abling those who desire to buy or sell
for future delivery to get together and
thus facilitate the transactions. The
transactions in the future market are as
real, as actual, and as tangible as the
sale and purchase of the 20C cars of
praln."
How the future market offers the op
portunity of eliminating speculative fea
tures of the grain business, he explained:
"Let us take, for instance, a line ware
house company buying grain at country
points for shipment to terminal points.
Such a warehouse company would be
more or less in the pit selling and buy
ing for future delivery simply to protect
their purchases or sales. The grain com
mission merchant whose sole business Is
that of receiving grain from country
shippers. Is in "the pit more or less con
stantly for his customers, buying or sell
ing as hedges to protect their purchases,
and buying in their futures on the ar
rival of grain. The milling companies,
who are constantly making sales of
flour in large quantities for future de
liveries, are also in the pit buying fu
tures as hedges against such sales and
reselling them again when they make
the purchases of the cash grain.
"Future trading is a useful feature of
modern industrial conditions and plays
an important part as one of the forces
of production and distribution. The rise of
prices in any market brings to that mar
ket the exact quantity of products need
ed by consumers. On the other hand,
when the supply tends to be even slight
ly in excess of the demand, the
depressing of the price tends to di
vert the surplus to those localities
having need of them. The average
price prevailing is the measure of
the general need, and as the require
ments increase the general average price
increases, thus stimulating an increased
production, and. on the other hand, a
fall in the general average price checks
the production of such product and en
cou ra ges t he product ion of other com
modities for which there is a greater
need.
"The bucket shops are regarded by
some people as a part of the grain ex
change business, whereas all the leading
commercial exchanges of the country are
continuously fighting these institutions'
KXCTTEMKNT IN THE POTATO TRADE
San Fmnvinco Market Soarine and Lol
Shippers Bidding; Up Frice.
There Is much excitement in the potato
market. - With the end of the Oregon
teason near at hand, prices in San Fran
cisco have soared upwards, and shippers
at this end are doing what they can to
get into the fray. Competition to secure
the" few remaining choice lots In the
country has become keen and the buyers
are forced to bid prices up. Purchases
have been made in the last few days of
fancy valley stock at 7580 cents, and it
Is said as high as 90 cents has been of
fered. Supplies of select shipping stock
are very scarce, not over three cars re
maining In Eastern Multnomah, while
Clackamas County is bare.
The lateness of the new potato season
In California Is responsible for the
flurry In San Francisco and the large
shipments made from this state have
been readily absorbed. Shipments are
still being rushed forward, and In some
quarters It is predicted there will be a
stump, but the speculators here are tak
ing chances of prices holding up if they
do not go higher. Seattle is also ship
ping by boat to San Francisco, but the
potato men up North are not excited and
some are still offering the local trade
rural potatoes at 75 cents Portland.
Orders are in from the Southwest, but at
previous low prices. Los Angeles wires
a weaker tone.
DEMAND FOR BUTTER IS GOOD
CHy Creumfrim Quote the Market Finn,
poultry Hard to Sell.
Most of the city creameries unite in
quoting the butter market firm. Produc
tion is large, but there is a first-class
local demand and a good inquiry from
outside markets. A stiffening of values
In the East indicates a continuance of
Northern orders.
The egg market was firm without
change in price.
Poultry was slow, and Saturday's re
ceipts, though not heavy, proved too
much for the demand, a portion of the
arrivals being carried over.
STRAWBERRIES ARRIVE VERT LATE
Demand Exceeds the Supply and Price Are
Firm.
The strawberry train did not arrive
until after S o'clock yesterday and the
Jobbers had to violate their early-closing
rule in order to handle the receipts. The
upply. as expected, proved insufficient
for the demand and the market closed
very firm. Oregons. for the most part,
brought lS17tc per pound and Califor
nias J1.B02 per crate. Cherries were
icarce and sold well, fclacks at $1.25)
1.50 per box. Royal Anns at 91.60 aod
Rockfords at $1. ' A car of lemons was
received
Local Reeehjte of Produce.
Receipts of produce .for the week were
reported by the Boar 4 of Trade as folkrwa:
Asparagus, - 201 boVea; apples, 99 boxes:
beans, 1250 sacks; butter, 771 boxes; clams,
121 sacks; cauliflower,. 20 crates; cbeese, 9S8
boxes; cherries. 468 boxes; chickens. 281
coops; cream, 90,025 gallons; cucumbers, IT
boxes; corn. 4 sacks; caatrl, 36 boxes; craw
fish, 5 boxes; ducks, coops; eggs, SOS
cases; eggplant, 4 " crate s; fish, 680 boxes;
frail, 6 boxes; sooeeberr 10 boxes; boss,
237; honey, 153 boxes; lemons, 151 boxes;
milk, 423 gallons; muttoi, 48; oranges, S
boxes; oyeters, 156 sacks; onions, 216 sacks;
peas, 369 sacks; potatoes, 4T5 sacks; poultry,
dressed, 9 boxes; raspberries, 2 crates; rhu
barb, 76 boxes; strawberries, 6000 crates;
squash, 3 boxes; veal, 457$ vegetables. 310
boxes.
Board of Trade Offers land Soles.
The following offers and sales were posted
at the Board of Trade yeeten lay:
Offers to buy 75 cubes ei :tra creamery
butter, 22c; 30 cases candle eggs, 19c
Offers to sell 75 cubes ex. Jra creamery
butter, 22!jc, future delivery; 5 cases fancy
Fall Wisconsin - limburger, 19 &c; 5 cases
fancy Wisconsin block Swl, IVc; 40 cases
fancy full cream cheese, 11c; 3flt cases' can
dled, etrgs, 19!c. . . -
Sales 30 cases candled eggs, 19c
Flour Wilt Advance 20 Cea4s.
The recent strength of the grain' market is
reflected in the flour . trade and ia. general
advance of 20 cents per barrel is- promised
for Monday morning. This advance will
take In all local grades, but export .Jtour will
not be affected.
The grain markets were quiet ye) Uerday.
California millers are not sor anxious 1 to buy
wheat as they were a short time agd- Slow
conditions also prevail in the oats and barley
markets.
. - " ' ;
Grocery Notes. S 1 - -
Firmer prices were . announced yester
day on colored beans, pinks and bayous
being quoted -at .4 cents. t
- The recent cut of ' 40 cents per case
in. a certain brand of condensed creVun
is being met -by some of the other coo
den series.
Compound Lard Will Be Higher.
A new, local provision price list will o
into effect Monday. The changes note!
are V cent advance in compound laro.1
and advance of $1 per barrel in mess
pork and mess beef.
' Bank Clearing-.
Clearings of the Northwestern cities yes
terday were as follows:
Clearings. Balances
Portland $ 803,98 3 67.846
Seattle 1,221,000 158.108
Tacoma 615.7S4 58.2U4
Spokane 909.&17 141. 807
Clearings of Portland, Seattle and Ta
coma for the past week and corresponding
week in former years were:
Portland. Seattle. Tacoma.
1908 $5,513.190 $7,550,306 $4,080,874
1907 T.lifS.tVsO 9,408.2.5 4,8tS,0a
11HMJ 4.004. SOI 8.570.7O5' 3.702,141
4,073,501 4,847,993 3,250.027
1904 3,112.100 3.648,486 2,007,502
UHX1 2.870,032 3,694.611 2.O01.S42
1902 2.765,052 8.75,6:13 1,839.317
1901 1,050,591 2,179,449 1,344.528
1909 1,108.163 2,256.276 1.126,294
BOARD OF TRADE QUOTATIONS.
Grain, Flour and feed.
WHEAT Track prict: Club. 89c per
bushel; red Russian, 87c; bluestem. 92c;
Valley, 89c
FLOUR Patents. . 34.65 per barrel;
straights, $3. 854.35; exports, $3.70; Valley,
$4.45; K-sack graham, $4.15; whoel wheat,
$4.40; rye, $5.25.
BARLEY Feed, $25.50 per ton; rolled,
2728; brewing, $26.
OATS No. 1 white, $27.50 per ton; gray,
$27.
MILLSTUFFS Bran, $26 per ton; mid
dlings. $30.50; shorts, country, $38.50; city,
$27.50; wheat and barley chop, $27.50.
HAY Timothy. Willamette Valley, $lf
pet. ton; Willamette Valley, ordinary, $15:
Eastern Oregon. $18.50; mixed. $16; clover,
$14 alfalfa. $12; alfalfa meal. $20.
Meats and Provisions.
DRESSED MEATS Hogs, fancy, 8c
pec pound; ordinary. 7c; large, 6c; veal, extra,
7c; ordinary, 6c; heavy, 5c; mutton, fancy,
K0c.
HAMS Haras, 10-13 lb., 15c per pound;
14-16 lb., 14ftc; 18-20 lb., 1440.
BACON Breakfast, 15 20 per pound;
picnics, 10c; cottage roll, lie.
DRY SALT AND SMOKED Regular
short clears, smoked, 11 He per pound; un
smoked, 30 Vic; unsalted bellies, 10-13 lb a.
smoked, 10 13c; 10-13 lbs., unsmoked, lc;
clear bellies, unsmoked, 13c; smoked, 14c;
shoulders. 11c; pig tongues. $19.50.
LARD Kettle leaf. 10s, 12c per pound;
5s. i2Tc: 50s. tins. 12c; S. rendered, AOs,
1 1 34 c ; 5s, 1 1 c ; com poun d, lOs, 9 c.
Fruits and Vegetables,
APPLES Select. $2.50 per box; fancy, $2;
cho;ce. $1 50; ordinary, $1.25.
POTATOES Buying price, old Oregons.
choice, 75& bOc per hundred ; new California,
Sc per pound; sweet, bftc per pound.
FRESH FRUITS Oranges, fancy. $3-25 0
3.75; choice, $2.503.25; lemons, $3.7504;
strawberries, California. $1.752.00 per
crate; Oregon, 15&17c per pound; grape
fruit $275)3.25 per box; bananas, 5fe0
6c per pound; cherries, $1(1. 50 per box.
ONIONS California red, $1.65&1.75 per
sack; Bermudas, $2.23 per crate; garlic, 250
per pound.
VEGETABLES Turnips, $1.50 per sack;
carrots. 91.SO01.75; beets. $1.25: parsnips,
$1.25; cabbage, $1.7502 per cwt; beans, wax,
7 & 8c per pound; bead lettuce, 1215e per
dozen; cucumbers, 50c 4 $J dozen; celery,
85c per dozen ; asparagus, $1.50 per box ;
e;g plant. 20c per pound ; parsley, 25c
per dozen; peas, 56Mjc per pound; peppers,
20c per pound: radishes, 15c per dozen;
rhubarb, 3c per pound ; spinach, 3c per
pound; cauliflower, $2.50 per crate.
Butter, Eggs and Poultry.
BUTTER Extras, 25c per pound; fancy,
24c; choice, 20c; store, 16c.
EGGS Candled, 19-SOc per dozen; un
candled lbic per dozen.
CHEESE Fancy cream twins, 13c per
pound; full cream triplets, 13c; full cream
Young Americas, 1414c; cream brick,
20c; Swiss blk., 20c; limburger, 22fcc.
POULTRY Mixed chickens, 12 13c - lb.;
fancy hens, 13U.14c; roosters, 8c; fryers. 22U
fe25c; broilers, 2uf22c; ducks, old, 16 17c;
Spring, 2Zc; geese, 80 9c; turkeys,
alive, 16 18c for hens, 14 016c for gobblers;
dressed, 17018c
JOBBERS QUOTATIONS.
Groceries, Nuts, Etc
DRIED KRUITS Apples. 10c per pound
peaches, 11012ic; prunes. Italian. 66V4o;
prunes, French. 3 5c; currants, unwashed,
cases. 94 c; currants, washed, cases. 10c;
eg, white, fancy. DO-pound boxes, 6e
COFFEE Mocha. 24028c; Java, ordinary
17 (a 20c; Costa Rica, fancy, 16020c; good
ltitlSc; ordinary, I201tic per pound; Ar
buckle, $16.50; Lion. $15-88.
RICE Southern Japan. 5ic; head, 60
7c ; Imperial J apan, 6 c.
SALMON Columbia River, 1-pound tails,
$2 per dozen; 21-pound tails. $2.95; 1-pound
flats, $2.10; Alaska pink, 1-pound tails, 95c;
red, 1-pound tails, $1.45; sockeyes, 1 -pound
talis, $2.
SUGAR Granulated, $6-45; extra C, $5.95;
golden C, $5.85; fruit and berry sugar.
$6.45; plain bag. $6.35; beet granulated,
$6.25; cube (barrels;, $6.85; powdered t bar
rels), $6 70. Terms: On remittances within
15 days deduct per pound: if later than
15 days, and within 30 days, deduct c per
pound. Maple sugar, 16 018c per pound.
NUTS Walnuts, 16 18c per pound by
sack; Brazil nuts. 16c; Alberta, 16c; pecans,
16c; almonds, 16 H 0 18c ; chestnuts, Ohio,
25c; " peanuts, raw, 608fec per pound;
roasted, 10c; plnenuts, 10012c; hickory
nuts, 10c; cocoa nuts, 90c per dozen.
SALT Granuiated, $13 per ton; $2.25 per
bale; half ground, 100s, $1 per ten; 50a,
$11.50 per ton.
BEANS Small white. 4.75c; large white,
4.75c; pink, 4c; bayou, 4c; Lima, 6c;
Mexican red. 4Vic.
HONEY Fancy. $3.5003.77 per box.
CEREAL FOODS Rolled oats, cream, 90
pound sacks, per barrel. $7; lower grades,
$5.5006.50; oatmeal, steel-cut, 45-pound
sacks, $3 per barrel; 9-lb. sacks, $4.25 per
bale; split peas, per 1O0 pounds, $4.2504.80;
pearl barley, $4 50 05 per luO lbs; pastry
Oour, 10-pound sacks, $2.75 per bale; flaked
wheat. $2. 75 per cae.
Fresh Fish sod Shell Fish.
FRESH FISH Halibut, 6c per pound;
black cod, 8c; black bass, 20c; striped bass,
13c ; herrln&s, 5 c ; flounders. 6c ; cattish,
lie; shrimp. 10c; perch, 7c; sturgeon, 12c;
sea trout, 15c; torn cod, . lic; salmon.
10; shad, 54c
CLAMS Little neck, $2-50 per box; razor
clam. $2 per box.
QYZXRS Shoalwater. Bay. per gallon.
$2.2-5; per sack.- $4.50; Toke Pornt. $1.90 per
100; Olympta (120 pounds). $6; Olympla,
per gallon. $2.25- -
Coal OU and Gasoline.
REFINEU OILS Water white. Iron bar
rels. 1 0 'i c ; wood, barrels, 14 c. Pearl oil,
cases, 18c; head, light, iron barrels, 12c;
cases, 19Hc; wood barrels, ltiftc Eocene,
cases, 21c Special W. W., iron barrels,
14c; wood barrels, 18c Elains. esses. 2&c
Extra star, cases, 21c
GASOLINE V. M. and P. naphtha. Iron
barrels. 12 fcc; cases. 19 Red Crown
gasoline. Iron barrels. 18c; cases, 22Vc;
motor gasoline, iron barrels. 15 ic; cases,
22 fee; 86 gasoline, iron barrels, 30c; caaes,
37 fcc; No. 1 engine distillate. Iron barrels,
9c; cases, 16c
Hops, Wool, Hides, Ete.
HOPS I9u. prime and choice. 306o
per pound; olds, 203c per pound.
WOOL Eastern Oregon, average best, II
015c per pound, 'according to shrinkage;
Valley, lO012fec.
MOHAIR Choice, 1818J4c per pound.
CASCARA BARK 3 04c per pound.
HLUK3 lry, lZOlZVsv;. dry caif. ,o. L
under lbs, 14 01uc; culls. 2c per lb; less;
malted hides, 5c ; salted calx, a c ; greeg
t unsalted), lo per lb. less; culls, lc par
lb. less; sheep skins, shearlings, Wo. X -butchers'
stock, each, 25tvOc; short wool,
tio. I butchers' stock, each, 50 0 60c : me
dium wool. No. 1 butchers stoca. each, 75o
0$l.OO; long wool, No. l ou ten era' stck,
each, $1.2501.50; bore hides, sailed, each,
according to size. $2.0002.50; ary, accord
lug to size, each, $1.0ufe 1.50; colt's hides,
each, 25 0 50c ; goat skins, common, each.
15025c; Angoras, with wool on. acb, 3Uc0
$1.50.
F U RS For No.- I skint : B ear sk ins. as
to size. No. 1, each. $5.00&10.00; cubs,
each, $103; badger, prime, eavh. 2505Oc;
cat, wild, with head perfect. 04f50c; house,
5020c; fox, common gray. large piime,
each. 40 0 50c red, each, U5; cross, each,
$5015; silver and blaca. each, $1OO0
300; fishers, each, $508; lynx. each. $4,500
6.00; minkJStrictly No. i, each, according
to size, $103; marten, dark northern; ac
cording to size and color, each, $10 015;
marten, pale, according to size and color,
each, $2-50 04 : muskrat. large, each, 12 0
15c; skunk, each, 30040c: civet or polecat,
each, 5015c; otter, for jarge, prime skin,
each, $0010; panther, with head and claws
fierf t ct. each, $2 03 raccoon, for prims
arge, each. 50 0 75c ; wolf, mountain, w 1th
head perfect, each, $3:5005.00; prairie
(coyots). 6Oc0$l.OO; wolverine, each, $60
S.00
Lumber.
ROUGH Dimensions, 2x4 to 14x14 to 32
feet, $10; 84 to 40, $11; 42 to 50, $18; 52 to
60, $16; 1x8 to 1x12 rough. $11; 2x3 to 2x12,
incl., 10 to 24 sized random, $10: 1x4 com.
sis, $10: 1x8 com. sis.. $11; cull, 1x6 and
wider. Bis., $7; cull, 1x4, sis.. $6; cull, 2x4
to 2x12 sized, $7; ship lap, com., $12; cedar,
com. rough, $12.
FLOORING 1x4, No. 1 V. G., $27; No. 2
V. $22; No. 3, $1; No. 2 slash, $18; 1x6
slash, $18; l1 Inch flooring, $4 extra.
RUSTIC 1x6 and 1x8 No. 1, $25; No. 2
V or chan., $18; No. 2 special pattern, $20;
No. 8, all patterns, $14.
CEILING 1x4 and 1x6 No. 1, $35; No. 2,
$18; No. 3, $12; 1x3 No. 2, $18; No. 3, $12;
-lnch. $2 less.
FINISH Up to 12-lnchr No. 1, $26; No.
2. $20; No. 3, $14.
STEPPING-Up to 12-lnch, No. 1, $32;
No. 2, $28; No. 3, $15.
LATH m -inch, $2; -inch, $1.75.
MOULDINGS 2 Inches wide and under,
er linear foot, c; over 2 Inches In width,
,pi linear foot, each inch in width, c
DOOR JAMBS, casings, etc., $30.
Surfacing $l extra.
PORTLAND UYESTOCK MARKET.
Prices Quoted Locally on Cattle, Sheep and
Hogs.
1 steadier tone is apparent in the hog
muarket, as there Is an improvement now In
the quality of the receipts. Prime fat
stoC k la In good demand, but feeders and
stodkers are slow. Cattle continue strong
in 'tone, with ample arrivals. Sheep are
weal; and a further decline in prices is ex
pects d soon. Lambs are rather slow. There
is a -fair demand for calves, which is ex
pected to Improve as the weather grows
warrsrer and operates against the shipping
of dn 3ssed veal. Receipts yesterday were
5 hva s and 75 cattle.
The following quotations were current on
livesto-k In the local market yesterday:
Cattle Best steers, $5; medium, $4,500
4.75; common, $3.504; cows, best, $4.5005.
Hogs- -Best, $606. 25 ; med f um, $5. 7"??6.
Sheep Best sheared wethers. $404.25;
mixed, f$3.7u04; Spring lambs, $nf(
Eastern Livestock Prices.
OMAHV, May 23. Cattle Receipts, 100;
market, unchanged.
Hogs R eceipts, 16,000: market, 10c lower.
Heavy. $5.30(35.35: mixed, $5.25S5-27; light,
$5.22fcC.a pigs, $4.5005.10; bulk of
sales, $5,2515.27.
Sheep Rf ceipts, 700; market, steady. Year
lings, $4. 7543.25; wethers, $4.60-86 ewes. $40
4.65; lambs, $5.5006.50.
KANSAS CITY, Mo.. May 23. Cattle Re
ceipts, 1000, ' including 6uo Southerns; market,
steady. Natlwe eteers, $57; native cows and
heifers, $2.506.25; s took era and feeders, $3.25
r0.40; bulls. $3.25o.25; calves, $3.50&;
Western steeDr, $54t6.75r Western cows, $a.25
65.25.
Hogs Rs-celpts, 14,000; market, 510o
lower. Bulk oV sales1, $6.3&5.50; heavy. $5.50
5 60; packers' and butchers. $5.3G15.56;
light. $5.30(65.3i; pigs, $44.50.
Sheep Receipts, luOO; market, steady. Mut
tons, $44.75; U mbs. $5.50T ; range wethers,
$44.60; fed ews, $3.504.25.
CHICAGO, My 23. Cattle Receipts,
about 600; markiet, steady. Beeves, $4.75
7.30; Texan 9, $4,-606.00; Westerns, $4.50$
5.75; stockers anil feeders, $3.507.30; cows
and heifers. $2.30 $6. 10; calves, $56.50.
Hogs Receipts, about 15,000; market, - 10c
lower. Light, $S.30-So.67& ; mixed, $5.30
5.70; heavy, $5.2& 5.70; rough, $5.25i5.35;
pigs, $4. 1066. IV goud to choice heavy, $5.353
6.70; bulk of sales, $5.505.65. 1
Sheep Receipts, about 2500; market, steady.
Natives. $3.75&o.S7; Westerns, $3.755.25;
yearlings $5.o060; lambs, ' $4.50&6.S0;
Western lambs, $4.5i.50. .
QUOTATIONS AV BATt FRANCISCO.
Prices Paid for Proitnce In the Bay City
Max&ets.
SAN FRANCISCO. CMay 23. The follow
ing prices were auoteq in the produce mar
ket today:
Vegetables Garlic. -6g7c; green peas,
$12.26; string beans; Q 7c; asparagus,
3 fa "He; tomatoes, $1501.75; eggplant,
12 fe 17c.
Butter Fancy creamery, 23c; cream
ery seconds. 22Vfcc; fancv dairy, 22c.
Cheese New, 11 11 ; Young America,
lStflSVfcc.
Eggs Store, 20c; fadcy ranch, 22 He.
Poultry Roosters, old. -$3.50(4.50; roost
ers, young, $.7 50 10; brovlers, small, $2.50
3.50; broilers, large, $3-54) 4.50; fryers,
$67; hens. $47; ducks, arid, $4(83; young,
$5 7.
Millstuffs Bran, $32 033-; middlings, $33
Wool Spring. Humboldt and Mendocino,
20c; Mountain, 46,$c; South plains and San
Joaquin, SUc. 1
Hops New and old crops) !66c; con
tracts, S12c.
Hay Wheat. $1619; whesxt and oats,
$16$18.50; alfalfa. $0314; stock, $9 10;
straw, per bate, 55 90c.
Fruits Apples, cnolce, $1.C5; common,
60c; bananas, $l3.SO; Ueitlcan limes,
$5 6.50; California lemons, cftoloe, $2-50;
common, 75c; oranges, navels, $2.253.50;
pineapples, $206. . .
Potatoes Sweets, $2.50 3; Oregon Bar
banks. $1.SO1.40.
Receipts Flour, quarter sadks, 22,923;
barley, centals, S116; beans, sacks, 1751;
corn, ' centals, 30 ; potatoes, sacks, 2770;
bran, sacks. 670; middlings, sacks, 120; hay,
tons, 352; hides, 535.
' , Eastern kilning Stocks.
NEW YORK. May 23. Closing quotations;
Adams Con 5 iLittle Chief 5
Alice 225 1 Ontario B 90
Breece 10 lOphir ...20
Brunswick Con. 8 iPotosi v., 32
Com stock Tun.. 33 iSavaga 34
C. C. & Va. ... 30 ISierra Nevadau . 27
Horn Silver. ... 50 ! Small Hopes..,. 18
BOSTON. May
Adventure . .$ 1.
23. Closing Quotations:
50
iMont. C - c ruk
Allouez 27.
Amalgamated 63.
Atlantic 16.
5
'5
5
Old Dominion 3TV.O0
Osceola 86.00
Parrot 21.00
Quincy S400
Shannon 1x25
Tamarack ... 60.00
Trinity .. i;tj50
United Copper 775
U. S. Mining. 330
U. S. Oil 23.7r
Utah 41.UM4
iVIctorla 4. SO
f Winona 5.00
Bingham ...
Cal & Heels. 670
75
00
Centennial . . 22.
.00
Copper Range 70.
00
Daly West... 10.
Frank Lin .... .
Gran by 90.
75
.00
Isle Royaie.. 19
Mass Mining. SO.
Michigan ... 10
25
.00
.00
Will Make Balloons for Army.
NEW YORK, May 23. Captain
Thomas S. Baldwin, who is building
the new dirigible balloon for the
United States army, has received an
order to construct and deliver within
0 days two observation balloons for
the Signal Corps of the a'rmy, to cost
$5500, and to be built from a vulcanized
rubber material he recently invented.
The new material will last five times
as long as the varnished silk now in
use. tlte inventor says, and is much
easier and safer to handle. One of the
balloons is to be of 1000 cubic meters
capacity and the other of 640 cubic
meters g
TUMBLE IN STOCKS
Expected Collapse of the
' Boom Occurs.
PRICES DROP VIOLENTLY
Selling . Orders Pour In, and All
Trace of Support Disappears.
Reasons Given for the
Change of Policy.
NEW YORK, May 23. Price, of stock,
collapsed with gTeat violence during to
dAy's snort session of the market. The out
pouring of stocks was heavy in some quar.
ters. but the striking feature of the pro
ceedings was the disappearance of all trace
of the fostering measures of support which
have been present through all stages of the
preceding advances in prices and through
the period of digestion of profits, which has
been going on this week.
There were mixed opinions in Wall street
.as to the motives for this sudden change of
policy in the conduct of market operations.
The filing of the suit by the Government
against the New Haven for violation of the
anti-trust law- was much dwelt upon aa
belying the much-heard assumption that a
truce had been arranged between the Ad
ministration and the corporations and a
tacit agreement reached for the softening
of the rigors of prosecution against rail
road corporations. So much has been heard
of this assumption in connection with the
recent rise In stocks that the incident i
dreaded for its effect on speculative holders
of stocks who have acted upon it.
Another view of the collapse was that It
represented the normal culmination of a
movement .which has been under suspicion
of artificial and manlpul&tlv, origin from
the outset.
News of conditions today was more
strikingly contributlve to' the claims of
general Improvement oa which the rise in
prices was professedly based than, at any
time since it was undertaken. In spite of
assertions recently made on the continued
shrinkage f railroad traffic, a decrease In
idle surplus stock was reported by the
American Railway Association In their
statement published today, the reduction In
the number of idle cars reaching 8963.
This represents a turn In the tide of equip
ment going into idleness since March 18,
since which time there had been a largs
Increase in each two weeks' period.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. Bid.
Adams' Express
Amal Copper .... 36,700 65 K 63 8
Am Car & Foun. 1.400 36ft 36 36
do preferred &Tft
Am Cotton OU-.. 800 80 28ft 2ft
do preferred- ;.. ...... 90
Am Express 305 .
Am Hd & Lt pf - IS
American Ice .... 300 27 25ft 25
Am Linseed Oil 10 ft
do preferred ... 100 21ft 21ft . 21
Am Locomotive... 1.000 40ft 4e 48
do preferred 102
Am Smelt & Ref. 28,100 72ft T2ft 71ft
do preferred ... 400 7 96 96
Am Sugar Ref... 2,000 128ft 127 Lft
Am Tobacco ctfs. 600 90 90 90
Anaconda Mln Co 8,000 lft 39ft 39ft
Atchison . 4,800 81 8oft 80ft
do preferred ... 91
Atl Coast Llne... 90
Bait & Ohio 8.500 88ft 87ft 88ft
do preferred 84
Brool- Rap Tran. 9.800 50 48 48
Canawjn Pacific. . 800 137ft 157 166
Central of N J 186
Ches & Ohio 6,600 45 43 43
Chi Gt Western.. 1.8O0 7 6ft 6ft
Chicago & N W.. 000 152 150ft ' 150ft
C, M Sl St Paul. 48,100 136 131 131ft
Chi Term & Tran 10
do preferred ..... 25
C. C. C & St L 56ft
Colo Fuel & Iron. 6,500 29 26ft 26ft
Colo & Southern.. 300 31ft 81ft 30
do 1st preferred. 300 50ft 69ft 68
do 2d preferred. 400 40 48ft 48
Consolidated Gas.. 1,800- 126 123 123ft
Corn Products ... ' 300 16 16 16
do preferred ..... 60
Del & Hudson 300 161 161 leo
Del, Lack & West 640
D & R Grande... 100 25ft 25ft 25ft
do preferred ' 65
Distillers' Eecurl.. 1.000 85 84ft 84
Erie 4.500 22ft 21 21
do 1st -preferred. 800 41 3ft 89 ft
do 2d preferred. 400 28ft 27 27
General Else trio.. 3oO. 130 138 134
Illinois Central .. 600 138 135ft 136
Int Paper ... 7o0 10ft 10ft loft
do prefererd ... 100 56ft 66ft 66
Int Pump 22ft
do preferred ......... 22ft
do preferred . . . 71ft
Iowa Central ..... . 16
do preferred 33
K C Southern ... 200 24ft 24 '24
do preferred ... 1O0 66ft 66ft 56
Louis & Nashville 1,800 108 106ft 10ft
Mexican Central.. 500 16ft 16ft 16ft
Minn & St Louis. 100 30 30 28
M. St P & S S M 300 111ft 111 111
do prefererd 134 ft
Missouri Pacific 4,600 61 6Sft S8ft
Mo, Kan & Texas 1.3U0 29ft 27 28
do preferred ; 60
National Lead ... 1,900 64 63ft 63ft
Mex Nat R R pf 51
X Y Central 2,700 104 10.1 103
N T, Ont & West. 7.200 S 39 39
Norfolk & West.. 100 70 70 69ft
do preferred . .' 80
North American.. 100 60 60 60
Pacific Mall 1,400 28 27 27ft
Pennsylvania 24,400 120ft 119ft 119
People's Gas 200 91ft 91ft - 91ft
P, C C & St L 75
Pressed tSeel Car 800 2T 27 26ft
do preferred ..... 84
Pullman Pal Car 160
Reading 148,200 113 110ft 111
do 1st preferred 86
do 2d preferred. 100 84 84 SX'i
Republic Steel ... 400 .17 17ft 17ft
do preferred ... 70O (5714 60 66 ft
Rock Island Co.. 1.300 ISft 17ft 17ft
do prefered ... 1,300 37 34ft 35ft
St L S F 2 pf 30 SO 29ft 29ft
St L Southwestern 100 16ft 16ft 15ft
do preferred ... 70 Soft 37ft 36
Southern Pacific .. 86,100 86 81ft 83 ft
do preferred ... 200 119 118 118ft
Southern Railway. 2,000 18 17ft 17ft
do preferred ... ROO 45ft 44ft . 44ft
Texae & Pacific. f00 24 fiz 23ft
Tol. St L West.. 400 19ft 19ft 18ft
do preferred 42ft
Union Pacific ... 1,800 147 142ft 146
do preferred 83
U S Express 85
TJ S Realty 200 60 49 60
V B Rubber 200 25 26ft 28
do preferred ... 100 92 92 91
C 8 Steel 79.300 38ft 36ft 37
do preferred ... 3,200 102 ' 100 100ft
Va-Caro Chemical 24
do preferred ... ..... 97ft
Wabash .. 800 13 15 12ft
do preferred ... 2.000 -27ft 26 26ft
Welis-Fargo Ex.-. 805
Westlnghouse Elee 900 81 60 60
Western Union . . . 200 81 ft 57 ' 66
Wheel A I. Brie 03fi
Wisconsin Central. 1O0 17ft 17ft 17ft
do preferred ... 60O 41ft 40 40
Xorthern Pacific.. 29.600 1SSU 130ft 131
Centra! Leather .. 200 i'.ft 24ft 24
do prefererd ... 2.2O0 95 ft 95 93
Sloss-Shiffield 200 48ft 4ft 49ft
Gt Northern pf..- 8..VK) 129 127ft 127ft
Inter Met 700 11 11 lift
do preferred ... 2.200 31 31 30
Utah Copper .... 400 31ft 31 30
fenn Copper 300 37 S6ft 36
Total sales for th. day, 766,400 shares.
Stocks at London.
LONDON. May 23. Consols for money,
86 9-16; do for account. 86.
Anaconda ... S.50 IN. Y Central . 107.50
Atchison 83.02ft iNorflk & Wes 72.00
do pref 96.O0 I do pref 83.O0
Bait & Ohio. 90.2.-. lOnt & -West.. 41.00
Can pacific .. 163.25 'Pennsylvania. 62.00
Ches & Ohio. 45.75 !Rand Mines.. 6.62ft
Chi Grt West 7.25 IReadtnic ...,68.25
C. M. & S. P. 130.50 (Southern Ry. . 18.62ft
D Beers..-.. 10.75 ' do pref 46.50
D Jt R G 26.50 'South Pacific. 88.62ft
do pref R600 lUnion Pacific. 151.50
Erie 27.87ft! do pref 86.00
do 1st pf.. 43.00 U. S. Steal 39.00
do 2d pf . . 30.00 ' do pref 104.75
Grand Trunk 17.87ftlWabash 14.50
III Central... 143.00 I do pref 28 50
Z, & X 10.30 'Spanish 4s... 92.2.",
Mo. K. ft T.. 29.S7ft1Amal Copper. 66.12ft
Money Exchange, Etc.
NEW YORK, May 23. Money on en IX
nominal. Time loans, dull and firm, 60
days, 2ft6t per cent: 0 days. 2J
per cent; six monthss. Sft3 per cent.
Prime mercantile, fairly steady, with ac
tual business In bankers' bills at S4-841B for
demand and at S4.8535 for 60-day bills.
Commercial bills. l4.85 64.S5ft.
Bar sliver, 53c.
Mexican - dollars. 47c
Government and railroad bonds, steady.
LONDON, '. y 23. Bar silver. 24 7-ld
per ounoe. Money, lift per cent. The
rata of discount In the open market for
sbjort bills is 1 2 per cent. The rats 01
discount In the" open 'market for three
months' bills is Helper cent.
SAN FRANCISCO, May 2J. Silver barn,
SSo; Mexican dollars, nominal; drafts, sight.
10 per oent: drafts, telegraph. 12ft per
cent. Sterling, CO days, 4.85ft 1 sight.
4-87.
DECREASE IX THE CASH RESERVE
Weekly Statement of Averages of tba Knr
Vorv Banks.
KF7W YORK, May 23. The statement of
the elearing-houee banks for the week shows
that the banks bold $56,485,376 more rhan the
requirements of the 25 per cent reserve rule.
This is a decrease of 98,121.975 in the pro
portionate cash reserve as compared with
previous account. The statement follows:
. Increa!e.
Loans- ... .$1,219,047,900 J17.927.9O0
Deposits 1.296.923. 3K 20.702.700
Circulation 57.267,200 61,000
Legal tenders 66.6SO.000 " 1.021,100
Specie 312.055,400 1.925.100
Reserve 3S0.71S.2OO 2.946.200
Reserve required ... 320,330.225 5,175,675
Surplus 56.485.375 8.121.876
Ex-U. S. deposits ... 64.153.7O0 8,378,160
Decresse.
The rercentage of actual reserve of the
clearing-aouse. banks at the close of business
yesterday was 29.24.
The statement of banks and trust compan
ies of Greater New York, not members of the
Cleaaing-House, shows that these institutions
have: t
Aggregate deposits $908,759,500
Cash on hand v. 61,725.300
Loans 861,385.000
SO DIFFERENT IN PARIS
Dairyman Caught Watering Milk Is
Sent to Prison.
PARIS. May 16. Two policemen one
morning- 'recently caught a dairyman
named Fevrler at the Central Market
while he was engaged In the highly
lucrative enterprise of watering his milk.
Fevrler resisted arrest and struck the
policeman with his whip. For the com
bined offense be has now been sentenced
to two years' imprisonment and ordered
to bear the cost of inserting the Judg
ment in four newspapers, as well as hav
ing it printed and posted up at the
various entrances to the market.
Oppose Drastic Discipline.
STAMFORD UNIVERSITY. May 23. A
sanation was caused on the campus yesr
terday when it became known that two
members ct the student affairs committee,
professors A. M. Cathcart and R. K.
Swain, had resigned from that body. It
is generally understood here that the res
ignations will go into effect June 1. when
the new committee for the next academlo
year will be announced by President Jor
dan. Professors Cathcart and Swain are
said to be the ones who were in favor of
less drastic action at the meeting of the
academic council which denied a diploma
of graduation to Editor Harold Fitch for
his attitude in the Dally Palo Alto. Pro
fessor Cathcart is an associate professor
in the law department, and Professor
Swain is an associate professor of chem
istry. Captain Watt, of the Lusitanla. Is not
noted for affableness. He maintains that
the captain's place is on the bridge, not
in the saloon, and he believes that he best
serves his passengers' interest by Insuring
their safety rather than looking after their
entertainment.
Just a Little More About
QUE GOAL
The barge of coal that we brought up from the mine
oa last Thursday showed considerable improvement in
quality over any previous load that we have brought in.
We are very much encouraged from this showing, as it
demonstrates that the further under the hill we are going
on this vein of coal the better the quality is becoming. It
is more than likely that this Summer's work in driving
our entry will take us into the quality of coal that we
have been after so hard ; every indication points to it.
Still, from this shaft alone we cannot commence to
supply the . demand for next Winter, and we are very
anxious to rush the work on our new opening, and for that
reason we are still trying to raise a little money in which
to make these improvements. Our water power will have
to be developed, and that takes quite a lot of money, but
the plant once installed, will be the means of saving thou
sands of dollars in the operation of the mine in the future.
We need this money right bad and we need it right away,
for the reason that it will take us at least six or seven
t months to make the improvements contemplated, and by
that time it will be the middle of Winter and the fuel sea
son right at its height. It is to prepare for this and be
ready when the time comes that we are anxious to get
things under way as speedily as possible.
We are offering opportunities for investment in this
property at the present time that are really snaps when
you consider all the advantages this proposition has over
any similar one ever offered the public. We guarantee
you at least 10 per cent annually on your investment; we
, take you right into our official family and show you
where every dollar of your money goes. We are more
careful about spending your money than we are of our
own. We took a hold of this proposition when it was a
mere prospect, but our experts told us it was a good one,
and we did not hesitate to put our every dollar in it. We
have gone the limit, however, and now we need some as-
sistance. We will take you in on the very same basis
that we stand ourselves. That seems fair, but in addi
tion to that, we assure you that we will not accept any
interests or dividends on our investment until such a time
as you have received yours. That seems fairer still, don't
it t But we know what we have. We know, that with
this mine properly opened up and equipped with cheap
power, there is no coal mine in the United States that can
produce coal as cheap as we can. We know that we have
the Columbia River as our highway, and that any time
we want to haul a barge of coal the river will not object.
We also know, that we have the coal in unlimited quanti
ties; that 2500 tons of it has been sold to 400 families,
and that it has given entire satisfaction; that we burn it
in our boiler at the mine and that we burn it in our
boiler at 181 East Water street. All these things that we
know convince us of the merit of our proposition. We
want you to know them, too, and will afford you the
fullest opportunity to investigate our mine or our man
agement. We are offering shares in this company in lots of 2000
or less at 50 cents, but we need $5000 or $10,000 to start
. this proposition off right, and to the individual that will
come forward with this amount of money, we offer an
opportunity of a lifetime. Address
CAPTAIN T. B. JONES, BEET D. WHITE,
181 East Water Street, or Suite 31, Mallory Blk.
Main East 7. Main 8397.
For the
COAL CKEK COAL AND MINING COMPANY.
DOWNING-HOPKINS CO.
ESTABLISHED 18M
BROKERS
STOCKS --BONDS --GRAIN
BMicfaft and wold for aufe and mancta.
Private wires Rooms 201 to 204,
GIVE STilOXG TOXE TO CHICAGO
WHEAT PRICES.
Good DeniHnd All Day, With Light
Offerings Corn and Oats
Are Firm.
CHICAGO. May 23. Additional reports
of damage by drouth to the wheat crops
in Southern Europe and Kansas were
chiefly responsible for the strength In
wheat today. Shorts and commission
houses were active bidders all day and
offerings at no time were excessive. The
market closed firm. July opened H to He
lower, at 89T4 to 90c, advanced to 90i4f
SOTic and closed at 9090c.
Corn was stronger the entire day on
buying by shorts, which was based on
continued wet weather in portions of the
corn belt. The market closed strong.
May sold between 75c and '76c and
closed at 76c. July opened unchanged to
yc higher at 65 to 6tH4c, advanced to
66&66c and closed at 66c
The oats market was firm, but the
volume of trade was small. July opened
unchanged at 46c, advanced to 474c
and closed at 47c.
Provisions were easy on a 10c decline
in live hogs. Local packers were the
principal sellers. At the close, July pork
was off 6c; lard was off be and ribs were
2c lower.
Leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
May 1.01tt 11.02 1.0Hi Il.Oltfc
July 90 .90', .89" .(
September ... .86 .87 .80Vt .87
CORN.
May .75i . .TB4 .75ti .76
July 65 .88 .65 .60
September .
.63 .64
.63 .64
OATS.
May, old 64 .55 .MI .54
May. new ... .541 .54 .54Vt .64
July, old 4B .47 .46 .47
July, new . .45 .45 .45 .45
September ... .87)4 .37 .87 .37
PORK.
July 13.60 13. B0 13.55 13 57
September ...13.85 13.87 13.82 13.S5
LARD.
July 8.42 8.45 8.42 8.42
September ... 8.60 8.62 8.60 8.60
SHORT RIBS.
July 7.32 T.35 T.82 7.35
September ... T.57 T.57 T.55 7 57',i
Cash Quotations were as follows:
Flour Dull and easy. Winter patents, $4.50
C4.85; Straights, 4.2O4.60: Spring patents,
BTOaU
A2U7.
,1 35S6.60: straights. $4H 8S-, baker's, 88.66
$4. 10.
Wheat No. 8. 92c1.0T; No. S red. 1.01
ei2.
Corn No. 2, 76c; No. 2 yellow. 76076e.
Oats No. 2, 54c; No. 2 white. 66c; Na
8 white, M74Vic
Barley Fair to choice malting. 65967c
Flax seed No. 1 Northwestern. 91.26.
Timothy see Prime. $4.10t&4.15.
Short ribs Sides, (loose) t..7 V.7.25.
Pork Mess, per bbl., f 13.4O13.50.
Lard Per 100 lbs S.37.
Sides Short, clear, (boxed) 7.507.62.
Whisky Basis of hlsh wines, SI. 35.
Receipts. Shlpmenta
Flour, .-.bbls. 20.200 44.2O0
Wheat, bu. 22.9U 83.900
Corn. bu. 2S.ft 273. 30O
Oats, bu 300.400 657.900
Rye. bu 3. too
Barley, bu 3O.10O 42,500
Grain at 8an Francisco.
SAN FRANCISCO, May 23. Wheat and
barley steady. Spot quotations Wheat,
shipping-. tl.C701.7O; milling. $1.70
1.72; barley, feed, 1.42 01.47 : ata,
whit. U.o01.62; gray. tl.62 4H.62.
Call. Board Sales Wheat, no trading;
barley, December, $1.31 H; corn, large yel
low, ii.sotfi.ss.
European Grain Markets.
LONDON. May 23. Cargoes, quiet; Walla
Walla prompt shipment at 37s 6d; California
prompt shipment 38a
LIVERPOOL, Majr 23. Wheat July. 7s
6d; September, 7s 2d; December, 7s ld.
DiUrr Produce in the East.
CHICAGO, May 23. On the produce ex
change today the butter market was weak;
creameries, 18&22c; dairies, 16020c; eggs,
easy; at mark cases Included 14ci14c;
firsts, 15c; prime firsts, 17c; cheese, easy,
10eno.
NEW YORK. May 23. Butter, weak.
Creameries, specials, 23c: extras. 22S,c:
third to rtrsts, lft22c; Western factory,
firsts, 17.
Cheese and eggs steady, unchanged.
New York Cotton Market.
NEJW YORK, May 23. Cotton futures
closed very weak. Closing bids: May, 9.97c;
June, 9.97c; - July, 9.94c; August, 9.78c; Sep
tember, 9.4&c; October, 9.36c; November. 9.25c;
December, 9.23c: January, 9.17c; September,
9.15c: March, 9.15c.
Dnhlin
Carload good young farm and driving
horses will be sold at Union Stock Yards,
Portland. Monday May 25, beginning at 2
P. M. Weight 1000 to 1300: no reserve.
Horses In yards now. J. A. Carpenter.
C. GEE WO
The Well-Known Old
Reliable ChineM Boot
and Herb Iortor, Cure
any and ail disease of
men and women, chron
ic disease a specialty.
'o mercury polsona
drugs or operation.
If you cannot call.
L4 blank ana circular, m-
close 4 cents In stamps.
CONSULTATION FREE.
The C. Uee Wo Chinese MediHne
first St., Cor. Morrison,
Port Land. Or.
Please Mention This Paper.
FAT FOLKS!
Tour weight, double chin, bunt, abdoxnsa
hips and fatty heart reduced. Dr. fenyder
guarantees his treatment to be perfectly
harmless In every particular. No exercise,
no Btarvlng. no detention from business; no
wrinkles or discomfort. Dr. Snyder has
been a specialist in the successful treatment
of obesity for the past 25 years, and has the
unqualified Indorsement of the medical fra
ternity. A booklet, telling- all about It free.
Call or write today. Dr. O. W. F. Snyder Ca
633 Marquam Theater bldg.. Portland. Or.
CHICHESTER'S PILL
U"jll THE DIAMOND BRAND. 1
l)rasrrHt
DIAMOND BRAND PILLS, fee
years known as Best, Safest, Always Reliable
SOU! RY DWfiOISTS EVERYWHERE
TRAVKLKKS- GP1UK.
PORTLAND RY., LIGHT ft POWER CO.
CABS LEAVE.
Ticket Office and Waiting-Room.
Vint and Alder Street
FOB
Orecon City 4. 8:30 A. M . and every
80 mlnutps to and including 9 P. M
then 10. 11 P. M. : last car 1:! mldnUht.
Oresbaui. Boring, Kasle Creek, Kecsv
eada. Cazadero. Jtairview and Trout
dale 7:10, :16, 11:15 A. U.. 1:14. :&.
:li. 7:2i P. M.
FOB VANCOUVER.
Ticket office and waiting-room Second
and Washington streets.
A. M. 6:10. 6:50. 7:25. 8:00. :8S.
:10, v:A0, 10:30, 11:10, 11:60.
P. M 12:30. 1:10, 1:50, 2:30, 8:10,
8: DO, 4:30. 6:10. 5: SO. 6:30. 7:05. 7:40.
8:15. 8:25. 10:351. 11:45.
On Third Monday In Kyery Month,
the Last Car Leaves at 1:06 P. M.
Dally except Sunday. tDally except
Monday.
REGULATOR LINE
FAST STEAMER BAILEY GATZERT
Makes round trips week days, except
Friday, to The Dalles, fare J2.D0. Leav
ing; Portland 7 A. M., leavlns; The
Dalles 3 P. M., arriving- Portland P.
M. SUNDAYS Round trip to Cascade
Locks, leaving; Portland 9 A. M.t ar
riving; back i P. M. Fare $1.00.
Steamers
DALLES CITY and CAPITAL CITY
Operate dally, except Sunday, between
Portland and The Dalles, calling at
all way landings for freight and pas
sengers. First-class accommodations
for wagons and live stocK.
ALUEK STKHET DOCK.
Phone Maiu 014. A 5112.
SAN FRANCISCO A PORTLAND 8. 8. CO.
only Direct steamers and Uayiight Sailing.
From Alnsworth dock, Portland, 9 A. M. :
Steamship State of California, May 30 Jun
1H; ateamship Rosa City, June 6, 20, July 4,
etc.
From Lombard street, Sao Francisco, 11
A. M.: Steamship Rose City, May SO, June
13, 27; steamship State of California June
6, 20.
J. W. RANSOM. Dock Agent,
Main 2iJ8 Ainsworth Dock.
M. J. ROCHE, Ticket Agent. 142 3d St.
Phone Main 402. A 1402.
STR. CHAS. R. SPENCER
FOB ASTORIA
Hosdsr Wednesday and Krlday, 7a.lL
Keturua U 1 M.
the: dalles
Tuesday, Thursday and Saturday, TA.H,
Returns lO P. M.
Landing;, Washington-Street Dock.
FARE 1.00. MAIN 8619.
COOS BAY LINE
The steamer BREAKWATER leaves Port
land every Wednesday at ft P. M- from Oak
fc treat dock, for Norm ttend, Marshtield and
Coos Bay points. Freight received till 4 P.
M. on uay of sailing;. Puaenfer fare 11 rat
class. $10; second-ciass. $7. including berth
and meals. Inquire city ticket office, Tblrd
and Washington sue eta. or Oak -street dock.
Couch Building , T,Ieph
AS41leai ABK jour ituzih ior A X
C'hl.ches-ter'i llond BrtndAl
IMlls in Red and Hold metallic V
853
boxes. Mated with Blua Ribbon. V I
T..k sBifaor. But of roar " .
Ask for C 1IL tlKS-TER