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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View This Issue
THE SUXDAT OREGOXIAN, PORTLAND, MAT O, 1909.
BETS ON HOP CROP
y Wagers Freely Made on Size of
CONDITIONS ARE NOT GtiOD
Herman K labor. However, Bets $250
That the Oregon Crop Will Be
90,000 Bales or Over.
Market Is Improving.
Hop dealers who have mad contracts
with growers for 1909 hops are beginning
to show unailnem over the probable crop
outcome. Some of them have already closed
new contracts to cover the expected de
ficiency In original agreements and others
sr preparing to take this step. The dif
ficulty is to find yards or sections where
there Is an assurance that a stipulated
quantity of hops will be delivered.
Tn the past week nearly all the Portland
and Salem dealers have been Investigating
conditions In the valley, either personally
or by their agents. They all returned with
one story that the crop Is In a critical
condition. The chief cause of the trouble Is
said to be lack of molnture. In some yards
this trouble Is aggravated by poor cultiva
tion. As for missing hills, they are reported
to be more numerous than in former years.
The bad reports are not confined to any
one section, but all parts of the valley are
effected. The old yards are the worst suf
ferers, though new plantings have not es
caped the blight.
All kinds of estimates are being made in
the trade as to the size of the coming Ore
gon crop, ranging from above 90.000 bales
to less than T0.000 balea Innumerable
small bets have been made on the result.
Testerday enthusiasm on this subject be
came so warm that larger sums were staked.
During an argument at the Belvedere
Hotel, Herman Klaber made bets, aggre
gating $230, that the Oregon crop this year
would be DO, 000 bales or over. The bets, one
of which was for $100 and three for 930
each, were taken by local dealers. Another
Portland dealer made a wager with a Salem
hop man that the yield would be under
fin. 000 bales, the consideration In this case
being 5000 pounds of new hops.
The market for 1008 hops has been stim
ulated In the past week, but rather by the
lightness of supplies than by the poor crop
prospects. Several deals have been made at
8 cents and one sale at 6 cents was closed
yesterday. Less than 2000 bales of last
year's crop remain unsold. The Eastern
dealers are slow, as usual, to accept local
reports of crop conditions, but when they
finally come to a realisation of the situa
tion they will, without doubt, have to buy
on a higher market.
t fornia. Siai.BO Der crate. Cherries. S1.2S02
POTATOES Buying price, $3 per hun
dred; new California. 4&414c per pound.
SACK VEGETABLES Turnips. $1.25 PT
Sack: carrots. $1.20; parsnips, $ 1.60 ; beets.
$1.76; horseradish, 10c per pound,
TROPICAL FRUITS Oranges, navels. $2.25
$3.25 per box, lemons, $1.764; grape fruit,
I3.K0&4 per box; bananas, 5tttoo per
pound; pineapples. $2.760. 25 per dosen;
tan serines $1.76 per box
ONIONS New, $22 &0 per crate.
VEGETABLES Artichokes. 6'(& 75c dos;
asparagus. Oregon, 75c per dozen; California,
&tic per pound: beans, 12f 55c; cab
bage, 34 per pound; cauliflower, $1&1.25
per dozen; cucumbers, 75c$1.50 per dozen;
lettuce, hothouse. $11.25 per box; lettuce,
head. 3050o per dozen; onions, 12 H
15c per dozen ; parslev. 33c per dozen ;
peas, 3H95c per pound; radishes, 15 20c
per dozen ; rhubarb, 2 JHo Pr pound;
spinach. 90c&Sl: tomatoes. Florida. $2. 500
8.25 per crate; Mexican, $1.75 per crate.
Dairy and Country Produce.
BUTTER City creamery, extras, 24c:
fancy outside creamery. 22 (g24c per
lb. ; store, 18c. (Butter fat prices aver
age 1 Vi cents per pound under regular but
EGGS Oregon ranch, 242fo per
POULTRY Hens, 14?16c; broilers. 28
30c; fryers, 22 25c; roosters, 10c; ducks,
14 (J? 15c; geese, lOtgllc; turkeys, 20c;
squabs, $2.50 S 3 per dozen.
CHEESE Fancy cream twins.
per lb.; full cream triplets, IT full
cream, Toung America, IS 18 Wo.
VEAL Extras, v lc per pound; ordi
nary. 8c: heavy, 742 tc
PORK Fancy. 10c per pound.
Portland. Seattle. Tacoma.
10O9 .-. ...$S.5H.V7J'I' $10,409.7:13 $4,547,ir4
1.108 5.925.601 7.735,903 4,186,946
1107 . , . . . 7,717,006 0. 139,822 4.783.652
1906 0.507,717 8637.56 8.7S7.817
1905 4,506,909 5.644.338 3,361,388
1904 8.302.459 4,018,397 2.003.505
ltit8 3.087.310 S.901,581 1,868.701
1902 2,747.384 8,268,633 1.15.124
1901 2,946.584 2,339,292 1,158,864
LOCAL GRAIN MARKET IS QUIET.
Renewed Demand From the Bast for Flour
The wheat market was dull yesterday.
Some club was offered at $1.20, but buyers
would not bid over $1.18. Other varieties
weer Quoted as formerly.
There was a good demand for barley at
the prices that prevailed during the week.
Oats were steady and unchanged. .
There Is' a fair volume of business In the
Hour market. Some Jobbers are talking- of
a probable advance In prices, but nothing
definite has been announced by millers on
this subject. There is a renewed Inquiry
Yfrom the East for Pacific Coast flour. The
quality wanted Is low grade, of which but
a small amount Is available.
The Merchants Exchange reports Russian
shipments for the week as 3,152.000 bushels,
and Danublan shipments as 488.000 bushels.
Local receipts. In cars, are reported by the
Merchants' Exchange as follows:
Wheat. Barley. Flour. Oats, Hay
Total this week.
Total last week.. 23
HAT SUPPLY 18 RTOXTNO SHORT.
Kaatevm Oregon Timothy Has Advanced to
BSO a Ton. a
The market for timothy hay has taken a
harp upward turn, and Eastern Oregon
timothy was quoted yesterday up to S20.
All descriptions of horse bay are strong, but
eairy hay continues dull with a slack In
qmry. a ne supply or timothy has run
short of the demand and the shortage Is
likely to b scorns acute before new hay la
The normal requirements of the Portland
market at this time of year are 50 tons of
tay weekly. In the week Just closed only
84 cars were received, while but 45 cars
arrived last week. Receipts from now on
can be expected to diminish.
TOO M ANT KTRAAVR ERRXES RECEIVED
A Good Many Crates of Florin Fruit Are
Receipts of California strawberries yes-
te relay were between 3000 and 4000 crates.
T The demand was active, but this quantity
proved to be excessive, and some 500 crates
had to be carried over. Most of the sales
were made at $1.25 to $1.50 per crate, but
some poor stock did not bring $L The
supply of Oregon berries was limited and
they sold readily at 15 cents a pound.
Green stuff of all kinds cleaned up. There
was a good demand, particularly for to
The potato market was quiet, but Just ai
strong as ever. No transactions In the coun
try over the $2 mark were reported.
Hops, Wool, Bides, Etc.
HOPS 1909 contract, 9c per pound; 190S
crop, 8 1 8 -4 c ; 1907 crop, 1(5 4c; 1S0S crop,
1 4 c.
WOOL Eastern Oregon, 16a81.c per
pound; Valley, fins, 22 Vic; medium, 21 Vic;
coarse. 20 Vic
MOHAIR Choice, 24ff2oC per pound.
HIDES Dry hides. No. 1. 16 G 17c lb. :
dry kip. No. 1. 16 to? 16c pound ; dry calf
skin, 18 & 19c pound; salted hides. 9 ff9 Vic;
salted calfskin, 13 14a pound; green, la
fdrk No. i sKins: Anrora goat, si to
fl.25; badger, 25&Oc; beftr, $6&20; beaver,
$6.50 S.M; cat, wild. 75c$1.50, cougar,
perfect head and. claws, $3 10; fisher, dark,
S7.&O011. pale. $4.90 ir 7; fox, cross, $$
to $3; fox, gray. 6Qfff0c; fox, red, $3-125,
fox. silver. $35 to $100' lynx. $S&1G;
marten, dark. $S12; mink. $3.50&5u0;
musk rat, 15(g) 25c; otter, $2.50 4; raccoon,
60 75c; sea otter. $100 250 as to size and
color; skunks, 55 SOc; civet, cat, 10(9 15c;
wolf. S'2 rw 3 : eovote. 75c w si. 25 : wolverine.
dark. $30 5; wolverine, pale. $22.50.
LAauAKA DAniw 1'er pouna, o yo.
REAP BIG PROFITS
Liberal Selling of Stocks at the
CHECKS UPWARD TENDENCY
sterling exchange, steady, with actual busi
ness- ia bankers' bills at $4. $61 534. 8625 for
80-day bills and at $4.87.15 for demand; com
mercial Mils, S4.Sd94.86.
Bar silver. 53V4c.
Mexican dollars, 44c.
LONDON, May 8. Bar silver Quiet,
24 7-10d per ounce.
Money per cent.
The rate of discount in the open market
for short bills is 1V41 5-16 per cent; for
three months bills, 1V41 5-10 per cent.
Clearings of the Northwestern cities yes
terday were as follows:
Portland . $1. 071.48;.
Clearings of Portland. Seattle
coma, for the past week and corresponding
week In former years were:
BERRY PRICES BETTER
SEATTLE MARKET CLEAXS TP
. HEAVY RECEIPTS.
But Market Shows Strong Absorptive
Power and 3et Changes Are
j Small Steel Preferred
at Highest Price. .
NEW YORK, May 8. A large distribution
of speculative holdings f stocks -was ef
fected today with the result of holding In
restraint the upward trend of prices. The
great volume of sales represented more sub
stantial profits on purchase? than have been
made at any time since the low level of
prices touched during the panic of 1907. and
during the period of extreme depression
following. United States Steel preferred
rose to the highest price of the year. The
absorptive power of the market. In fact,
proved effective In furnishing encouragement
to the bull leaders In the speoulation.
The profit taking of the first hour was
followed hy renewed accumulation of stocks
in the second hour In the expectation that
a rising market at the close of the week
would serve to attract new outside buying at
the beginning of next week, tbus furnishing
an opportunity for further marketing of
holdings at the nign price now prevailing.
Realizing was renewed at the end of the
The copper stocks were still favorites In
the speculation and were subject to rood
rises along with other stocks. The move
ment In the coppers was , conspicuous also
In foreign markets.
Reduction in the lole frelghtcar surplus
for the second half of April was a favorable
mnuence. it was noticed, however, tnat the
reduction was traceable almost wholly to
the increased movement of coal. The small
net price changes, in view - of the great
animation of the market, is testimony to
the skin and persistence with which the
demand was supplied.
The decrease in the surplus reserve of the
banks in the computation by averages evi
dently reflected the operations of the week
preceding, as tho actual surplus rose nearly
S3.000.OOO, the Joint result of the cash gain
ana small loan reduction. The loan item in
he statement of averages by institutions
outside the New York clearing-house In
Bonds were firm. Total sales, nur value.
$3,600,000. United. States Ss coupon have
advanced per ,cent on call.
CLOSING STOCK QUOTATIONS.
First Shipment of Green Corn Ar
rives Prom Honolulu Butter
Market Is Firm.
SEATTLE. Wash., May 8. (Special.)
The demand for strawberries tort a v was
better than it has been heretofore this sea
son, and although the supply was heavy.
everytning cleaned up In good shape at
prloes slightly higher -than yesterday.-.- The
top was SI.
The first shipment of grean corn reached
here from Honolulu today direct by steamer.
This Is the first corn ever brought here from
the Hawaiian Islands. The stock was in
excellent shape and was disposed of In
short order at 91 - per dosen.
Cabbage has dropped "to " Si cents a
pound. Cherrtea dropped to 15 and 18
cents per pound, or $2 a box.
Veal buying pricea for next week will be
but 6 cents for large and 9 oents the top
for small. The purohaslng prloe on Spring
lambs haa also been cut to 10 oents. Con
siderable veal will be carried over unltl next
, Poultry was in over-supply, but no
changes In Quotations were announced to
day. Butter is also unchanged. In the
face of the Alaska orders already placed
and those that will be placed somewhere in
the Northwest next week, the market
firm and a drop cut will probably not be
Egg at, weak at 27 cents. Eastern re
oeipts were heavy this week.
QUOTATIONS AT BAN 1" KAN CISCO.
Price Paid for Product in the Bay City
C ITY MCTTBR IXSKI.Y KOIJ VP. ,
Preh Supply of Tillamook rhvese, Move
Off at One.
The city creameries quoted the butter
market firm yesterday, and some of them
were not able to nil all their orders. A
good port of the surplus on Front street was
also worked off.
There was a large shipment of cheese
from Tillamook, but It was gone by the
clove of the day.
Egg receipts wer not heavy and salea
were made at 24 to 2i3 -cents.
The poultry market dragged. Hens sold as
Vow as 14 ta cents and ducks, which were
more plentiful, slumped badly to 1413
.Advaix In Provisions.,
, A new provision list, which goes into
effect tomorrow morning, will ciuot ad
vances of cent in hams and bacon.
(araln, Flonr, Fd, Etc
WHEAT Track prices: Bluestem milling.
11. SOjjl-35; club. Jl 20; Turkey red. II 2:
j Valley. SI. 17; 40-fold. 1.2; red Russian.
ll.!74 tri-20- -
FLOCK Patents. $6 03 per barrel;
straights. SX lo; exports. S4.70: Valley, S3. 30;
graham. SotfC; whole wheat, quarters, S3 SO.
CORN Whole, S3S per ton; cracked, 3
BARLEY Feed. $34 f 33 per ton.
OATS No I hi(e, $0 per ton.
WILLSTITFS-Bran. 3i per tor.: mid
dlings. 133: shorts. :9u3-; chop. 4 (? 3 0 ;
rolled bAHey. S36.T37
HAY Timothy. Wlllamett Valley. $149
IS per ton; Eastern Oregon. $ 1 8 'ii 2 0 :
clover. $11012; alfalfa. J 13 "CI 14; grain hay,
13014; cheat. IllOlt (I; vetch. S14914.S0.
Vegetable and Fruit.
FRESH FRUITS Arples. 65e(32.50 par
box. Strawberries. Oregon, ISO U.; Call-
8AN FRANCISCO. May 8. the follow
ing prices v. ere quoted In the produce mar
Onions Oregon, nominal.
Jtlillstuffs Bran. t2S.50330: middlings.
pntBtaci Oeras Burbanka. S2.85ftp2.70
Saunas Burbanka. nominal; sweet. $1-80
fit 1 65.
VeKetables Hothouse cucumbers, D0cl
garlic, 8'd10c; green peas, 75ciy SI. 25; string
beans, QttflOc; asparagus, oucursi.o; toma
toes Slfel.Uu: rsi planl. 2042.'.o.
Butter Fancy creamery, 24Vc; creamery
seconds. 24e: fancy dairy. 2ii!C.
Poultry Roosters, old, S4W5; young, $90
12; broilers, small, $2.50(3.50; broilers,
large. $45.50; fryers. $768.60; hens. $50
10; ducks, old bo; young. Iltfl.
Ezrs Store, 2tc: fancy ranch, '21 &c.
Cheese New, 13Va14c; young America,
Wool South Plains and San Joaquin, 10
?16e: Mountain. (Wiloc: Nevada, 13-18c.
Hay Wheat. -2327: wheat and oats,
$2-.'i'J5; alfalfa. $1317; stock, 711:
atraw, per bale, Guts-85c.
Fruits Apples, choice, SI. 60; common,
60c: bananas, 7fc&-$3; limes. $4.506;
len-.ons, choice. S3. 25; commons, $1;. oranges,
Sl.25ir3.00: pineapples, i.ftf.
Receipts Flour, 2218 sacks; barley, 4630
cental; potatoes, 1067 sacks; bran, 20 sacks
hay, SO tons; wool, 557 bales: hides, 1705.
Dried Fruit at New York.
NEW YORK. May 8. Evaporated apple
steady, with fancy 89fic; choice 7
7c; prim 6g6Hc; common to fair
The local market for prunes Is somewhat
Irregular and unsettled, but the undertone
is firmer than It was. owing to bullish ad
vices from the Coast. Quotations rang
from 2Uc to 12c for new crop California
prunes and jrom 8He to 9o for Oregon
40-oOs to 20.30s.
Apricots are steady as the result -of light
offerings, with choice 10fl0c, extra cholc
10iiloic. fancy 11 till 3c.
Peaches are in moderate demand, with
choice quoted at 66c, extra choice 64
4jeic and fancy at 7jSsc.
Raisins are somewhat steady, with loose
Muscatel 8440. choice to fancy seeded
4(tf0c. seedless 35:C,-- and -London
layers at $1.2001.30.
Coffeo and Sugar.
NEW YORK, May 8 Coffee future
closed Inactive, net unchanged to five points
lower. bales were reported of 750O bags,
including Jun at 6.700, and July at 0.85c.
spot quiet. No. T Rio 8c; No. 4 Santos
S?9c: mild quiet. Cordova 9$12o.
f?ugar naw steady. Fair refining S.86c
centrifugal 06 test 3. SOc; molasses sugar
a. lie r.snnea steady. No. 6, 4.45c; No. 7,
4.40c; No. 8. 4.35c; No. 0. 4.30c; No. -10,
4.2Sc; No. -11. 4.20c; No. 12. 4.18c; No. 13,
4.10c; No. 14. 4.10c; confectioners' A. 4.T5o
rnold A. 5.30c: crushed, 8.65c; powdered.
o.vuc; granuiatea, .uoc
liondon Wool Sale.
1O.NDON. May 8. A miscellaneous assort
ment of 13.110 bale wa offered at tha wool
auction ' sale today. Competition was brisk
and firm. Price ruled strong for all grade
exept Inferior scoured, which were easv. The
continent was a keen bidder for nterin.a ani
Americans took light greasy combing and fln
cross-bred. Home traders were eager buy-
DECBEASE IN CASH RESERVE.
Banks Now Hold Abont Seven Millions Orer
NEW YORK. May 8. The statement of the
clearing-house banks for the week shows that
the banks hold S7.627.450 more than the re
quirement of the 25 per cent reserve rule.
ThI 1 a decrease of S3.579.7AO In the pro
portionate cash reserve a compared with last
The statement follow:
Loans I1.S46.484.000 "9.12,50O
JLHVO1l9 1.3:lS0.8fW 0.227.OtO
Legal tenders . . . . ,
Reserve required .
Ei-U. S. deposits
The percentage of actual reserve of
clearing-house banks today was 25.82.
The statement of the banks and trust corn-
pan lee of Greater New York not reporting to J
the clearing-house shows thst those lnstltu- 1
tlons have aggregate deposits of SI. 288. 422.900:
total cash on hand. $145. 826,100. and loans j
amounting to ,vw.
Daily Treasury Statement.
WASHINGTON, May 8. Today tate-
ment of the treasury balance In the general
tuna is as roiiows:
Gold coin and bullion. $44,014,484.
Gold certificate, $37,839,870.
Available cash balances. $128,843,810.
Allis Chslmers pt 1,000
Amal Copper .... 24.600
Am Agricultural.. 600
Am Beet Sugar.. 2,000
Am Can pf 2.800
Am Car & Foun. '3.000
Am Cotton Oil.. 3.S00
Am Hd & Lt pf. 500
Am Ice Seeurl.... 1.O0O
Am Llneeed Oil.. 300
Am ILocomotlve. . 2.70O
Am Smelt & Rat. 23.800
do preferred ... 1.400
Am Sugar Ref . . . 500
Am Tel r Tel.... 2.500
Am Tobacco pf . . 2,500
Am Woolen 300
Anaconda Mln Co. 8.400
do preferred ... 10O
Atl Coast Line... 300
Bait & Ohio...... 8,600
Methlehem Steel .. 2.500
Brook Rap Tran. 9,800 '
Canadian Pacific. 1.400
CentraJ Leather. . 1.6O0
do preferred ... 500
Central .of N J... 1.000 2H1
Ches V Ohio 11.200 78V4
Chicago & Alton..
Chicago Gt West.
Chicago & N W. .
C. M 4 St Paul..
C, C. C 4 St L. .
Colo Fuel & Iron
Colo & Southern.,
do 1st preferred .
do 2d preferred .
Consolidated Gas. .
Corn Product . .
Del A Hudson
t & R Grande . . .
do preferred . . .
do 1st preferred,
do 2d preferred.
Gt Northern pf... 8.4O0 146
Gt Northern Or.. 4,200 73Si
Illinois Central ... l.SOO
Interbormigh Met. 1.600
do preferred ...
Inter Harvester..'. SOO
Inter-Marine pf. .. 600
Int Paper 100
Int Pump 4.000
Iowa Central .... 50O
K C Southern S.300
Louis & Nashville 3O0 130
Minn & St L aoo
M. St P & S S M. 400
Missouri Pacific.. 4.60O
Mo. Kan & Tela 10,000
do preferred .... 10O
National Lead . . . 2.900
Mex Nat Ry 1 pf
N T Central 14.800 1 33
N Y. Ont West. 1,100 4
Norfolk West. 200
North American..' 300
Northern Pacific ",100
Pacific Mall SOO
Pennsylvania ...... 6.100
People's Gas 1.O00 114T4
P. C C ft St L
Pressed Steel Car. 1,900 43
Pullman Pal Car
Rv Steel Spring.. 900 44-,
Reading 159.300 0534
Republlo Steel ... 1,700 2714
do preferred ... aw
Rock Island Co.. 22.5O0
do preferred ... ,3W
S. L & S F 2 pf. 400
St L Southwestern 400
do preefTred ... 600
Bloss-Sheffleld S SOO
Southern Pacific 9, 200
do preferred . . . 600
Southern Railway. S.600
do preferred . . .
Texas & Jftem..
Tol. St L ft West.
do preferred . .
" 26 '
TJnlon Pacific .... 200 189
do preferred ... 1O0 96
U 3 Realty BOO
T S Rubber 5.100
U S Steel ; 100.600
do preferred ... 6,100
TTtah Copper 6.500
Va-Caro Chemical. S.400
do preferred ... R.2O0
Western Md 6.400
Westinghous Elec 1.000
Western Tnlon 6O0
Wheel I. Erie.. 1.OO0 12T4 12
Wlseorwin Central. 200 68 58
Total sales for the day. 657,600 share.
NEW YORK, May 8. Closing quotations:
U. 8. ref. zs reg.mi'D K u 4S n
do coupon 101 IN Y C G 3 Ha... 93
U. S. Ss reg 101 North Pacific 3s. 74
PORTLAND I.IVKRTOCK MARKET.
Price Current Locally on Cattle, Sheep si
Livestock receipts were lleht -yesterday
and trade In general was rather slow. The
cattle market was strong at last prices. A
shipment of 14 oars of California cattle
is due tn coming week. Hoirs ruled firm.
but sheep and lambs dragged, because of
the recent free arrivals. Receipts at the
yards yesterday were 37 cattle and 3 it
Late sales at the yards included: 212
mixod sheep, average 89 lbs., $4.25: 16
lambs, average 62 lbs., $5.23; 85 sheep,
average 89 lbs., $4; 1 steer, 880 lbs..
$5.25; 25 steers, average 118 lbs., $4.90: 1
cow. 900 lbs., $4: 87 lambs, average 66 lbs..
o.do -is steers, average iu9 ids.. 34.86:
1 stag. 1075 lbs., $4; 2 bul 1b, - average 1175
ids., id is cows, average 9tx lbs.. S3. 90.
Local prices quoted at the yards .yester-
aay were as zoiiows:
CATTLE Steers, top. $5.60(gl5.75; fair to
Kooa, eo.uuta'D.zs; common to gooa. 94.&UQ
4.75; cows, top,' $4.26 32 4.50 ; fair to good.
td.iotvt.zs; common to medium, SB.b0ffip3.liu;
calves, ton. 15.00 tfh 5.50 heaw. URAAtini)!
bulls and stags, $3.003.60; common, $2.00
ta 3. id.
HOGS Best. S7.607.75; fair to good.
$7.257.50; stockers. $6.006.60; China.
SHEEP Top wethers, $4. 00 4.60; fair to
good, $3.504.00; ewes, c lea on all
grades; yearlings, best, $4.50; fair to good.
$4.00(4.25; Spring lambs, $5.
Eastern Livestock Market.
SOUTH OMAHA, May 8. Cattle Re-
ceiDts. 100. Market, unchanged.
Hogs Receipts 4700. Market. 5t510c higher.
Heavy. $7.057.25: mixed, $6.907.O0; light,
rt. 75(fi7 Of. : bulk. SB.85&7.05.
Sheep Receipts, loo. . Market, steady. Year
KANSAS CITY, May 8. Cattle Receipt.
300. Market, steady. Native steer. S5.256.80;
do cows and heifers, S3.00S.25: stockers aad I
feeders.; 83.7535.83;! bulls. $3. io0a.o; calves.
S3.607.00; western steers, 'Ki.'td'a-ti.ou; west
ern cows. S3, totoo.oo.
Hogs i-Recelpts, SnOO. Market, strong to 5c
hltrher. Hulk. S6.75(S7.26: heavy. S7.15(ffi7.30:
packers and butchers. $a.90&7.25; light, $6.60
&T.U&; plge, ad.-fD'so.i-i.
No sheep. - -- -
CHICAGO, May 8. Cattle Estimated re
ceipts, 100. Market, steady. Beeves. S5.OO0
7.25: Texas steers. S4.tKm0.8O: w estem steers.
S4.7oe5.76: stockers and feeders. S3.604J5.80:
cows and heifers, $2.406.25: calves, $3.00
7.00. ' '"
Hogs Estimated receipt. 11,000. Market. 6c
higher. Light, $6.857.25; mixed. S6.957.35;
heavy. S7.O0C&7.40: rough. S7.O0-ai7.16; good to
j choice heavy, $7.1537.40; pigs, $5.756.70:
Duiit 01 sale, st.xiraui.iv.
Sheet! Katlmatea receipt. ivw. xaarxei.
teadv. Native. S3.9Off6.50: Western. S4.00O
6.50; yearlings, s6.Z5(a7.oo: lam 03, native, fe-zo
ft-9.uo; western, so.ou'Gtf.ao.
Grain and Produce at Xew York.
NEW YORK. May S. Flour Receipts.
13.300 barrels; exports. 6600 barrels. Dull
and ' unsettled. Minnesota patents, $6.20(0
6.50; Winter straights, $5.906.20; Minne
sota bakers. $4.g0'alo.30; winter extras.
$4.455.10; Winter patents, $66.40; Win
ter low grades. $4.S0tix5.
Wheat Receipts. 13,000 bushels; exports.
3000 bushels. Spot steady. No. 2 red,
$1.43 rffil.45 elevator: No. 2 red. $1.45 nom
inal f. o. b. afloat; No. 1 Northern Duluth,
$1.84 f. o. b. anoat; No. 2 hard winter.
S1.S4B 1.84 f. o. b. afloat. A break
the Kansas drouth and weak Llvernool
cables prompted a sharp decline in wheat
today, tn marKet closing o to io net
lower. There was consiaeraoie liquidation
by people .who had bought on the crop
report yesteraay. may ciosea i..3d; juiy,
SI. 20 (S1.21 ; September closed $1.13.
Hops Dull. State common to choice.
1908, 10(8 14c: 1907. 36c; Pacific Coast,
1908. 8 11c: 1807. 3(nbc.
Hides Firm. Bogota, 2031c; Central
Wool Steady Domestic fleece. 3135o.
Petroleum Steady. Refined. New York,
$8.50; Philadelphia and Baltimore, $8.45; do.
in bulk, $4.90.
do coupon. . . .10:
TJ S new 4s reg. 119
do coupon. .. .120
Atchison ad 4s. 101
North Pacific 4s-102
rnion Pacific 4s. 103
Wlseon Cent 4s. 95
Japanese 4s..... 85
Stocks at London.
LONDON. May 8. Consols for
S5: do for account. 85 1-16.
anaconda 10N. Y. 'Central 135
aicmson iivm rtorriit at west.. H4
do nref..' 106 do nref 81
Bait Ohio USHIOnt ft West.
t an Pacific .ls; .Pennsylvania
. 80lrtand Mines..
.154 Uouthern Ry..
. 12 I do pref
. 53 l!outh Pacific.
. 90!L-nlon Pacific.
. 32 I do pref
. 50 U. S. Steel...
.40 I do pref
.150 I do pref. .
.143 Spanish 4s...
. 44 I Amal Copper.
Ches ft Ohio. .
Chi Grt West.
C. M. 4 S. P. .
De Beer . . .
D ft R G
do pref. . .
do 1st pf . . .
do 2d pf...
L ft N
Mo K ft T...
. 87 .
European Grain Market.
LONDON. May 8. Cargoes, easier; buyer
reserved. walla walla, on passage, 20. lower
at 43. ,
English country - mar-nets, oa nigner;
French country markets, steady.
LIVERPOOL, May 8. Wheat May, 9s d;
July, vs d; September, e oa. weather.
Eastern Mining; Stocks.
BOSTON, May 8. Closing quotations:
Butte Coal 2TiParrot
9 I.Mohawk 64
42 IMont c ft C 25
45lold Dominion... 54
. . .104 Qulncy
Cal ft Hecla. . . .630 Ifohannon 7...
Centennial 31TamaracIc ...
Copper Range... 80 llrlnity
Daly West 9!U. S. Mining.
Franklin 15iU. B. Oil
Greene Cananea 11 I Victoria .....
Isle Rovale 28 (Winona
Mass Mining.... 15 Wolverine ...
Michigan- 1 INorth Butte..
. .. U2
. .. 73
, . . .12
. .. 42 'i
. . - 67
Brunswick Con. 6
Com Tun stock. 27
do bonds.. IT
.- C & V .70
Horn Sliver .- 63
Iron Silver 123
May 8. Closing quotation:
Leadvllle Con... 45
Little Chief 10
Standard ....... 175
'Yellow jacket... 63
Portland, Baker City & Butte Electric Railroad Co.
Will Pay 3 Interest
"We offer $150,000 of the Two Year Coupon Notes of this Company
in amounts of $200 or $1000 each at 10 per cent discount, and paying 8
per cent interest semi-annually. These notes are secured by the control
ling interest of the stock of the Portland, Baker City & Butte Electric
Railroad Company, amounting to $1,005,000, which stock is fully paid
and non-assessable by bonds. When this control is sold, $150,000 is to
remain in the hands of the American -Bank & Trust Company, which is
now the trustee for the controlling stock which is held in escrow, to be
sold in conjunction with a bond issue which is now being negotiated with
a large Eastern syndicate. . ..
These notes will prove a safe and profitable investment, as the money
derived" from their sale will be used entirely for engineering and the se
curing of rights of way which will also be a valuable security.
For sale at the offices of the Portland, Baker City & Butte Electric
Railroad Company. , j..,,.,.,. 1
303-303 Beck Building, Portland, Or.
THE BEST STREET INSURANCE
IS THE BITULITHIC PAVEMENT
It insures against dost, mnd and street noises.
It insures against slipperiness and falling horses.
It insures against cracks, disintegration and costly repairs.
It assures a sanitary and durable street.
It assures conscientious workmanship and best materials.
It assures perfect satisfaction.
" BITULITHIC INSURANCE IS SAFEST AND SUREST
WARREN COSTRUCTION COMPANY
S17 Beck Building, Portland, Or.
Bonet and sold for cash and am aursU
Private wires Rooms 201 to 2Q4, Couch Building
Telephone M S35
Rain in Kansas Causes Heavy
Selling of Wheat.
BAD SLUMP AT LIVERPOOL
Daliy Produce in the East.
CHICAGO. May 8. Butter Steady. Cream-
erlw. 2'q!c: dairies, iun:z4v.c. '
Egge Steady; at mark, case included.
firsts. 20tc: prime nreis. 21c.
Cheese Steady. Dalsle lfiiAe: twins. 14t4
(tlCc; Young; America. 1&1c; long
Jaly Drops Nearly Four Cents Dur
ing the Day at Chicago.
Distant Options Are
Not So Weak.
CHICAGO. May 8. Trader In ths -wheat
pit appeared much at ea today. Am a con
sequence, the volume of trade was not eo
large a on the previous session. The feature
of trade was the heavy selling- pressure to
which the July delivery wa subjected, and
its relative weakness compared with the more
distant option. At the low point today to
July delivery wsa 8c below tfce hlgrh prloe
of th preceding session, while the more de
ferred options showed a lo of less than 8
The market opened weak at losses of 1V.O
to 21tc. with July at Sl.16t31.16 and
September at L061.07. . A slump of 2
pence In the price of wheat at Liverpool and
report of rain In Kansas and other 'Sections
of the Southwest, prompted heavy realising
during early trading.
The market closed weak, with Julv at
J1.14'',61.14 and September at 1.064.
Final Quotation on Xecember ' were at S1.053
The cor market wa weak all day. The
early deliveries displayed the greatest weak
ness. Closing price wer V.B to Tiiaic below
yesterday's finals. May at 72c and July at
The oats market was weak all day. closing
only a trifle above the low point at net de
clines of Vtg toJc with May . at 68)c
and July at 51 34c
The weakness of corn led Ho considerable
speculative selling of provisions, particularly
of lard, which resulted- In a heavy tone all
day. At the close prices were 67c to lOfto
ima me previous nnisn. .
The leading future ranged as follows:
Estimated receipts for Monday: 'Wheat,
6 cars; corn, 143 cars; oats, 169 cars; hogs,
... IS, 100
. .. 6,000
. .. 87,500
Flour, barrels. . .
Barley, bushels. .
G&AND CKMTBAL STATION.
Roseburg Passenger. ....
Cottage Grove Passenger.
Ban Francisco Jxpress. ......
Corvallls Passenger. .......
Slierldan Passeuger. ....
Forest Grova Passenger. ....... ,
Forest Grova passenger. .... ..
Forest Grove Passenger
Cottage Urov Passenger.. ...
Portland Express. . ,
Sheridan Passenger. ....
Forest Grove Passenger. ,
Forest Grove Passenger.......
Forest Grov Passenger.......
8:15 a. m.
4 :15 p. m.
7;43 p. m.
1:80 a. m.
4:10 p. m
8:50 a. m.
1 :00 p. m
8:40 p. m.
T:1B a. m.
11:30 a. m.
6 :30 p. ro
ll :15 p.m.
6:20 0. m.
10:80 a. m
8:0O a. xn.
11:50 a. m.
f 4:50 p. m.
Oregon Railroad ft Navigation Co.
Pendleton Passenger. ........ ....
Chicago-Portland Special. .
Kansas City A Chicago Express.
Spokane Flyer. .................
CAL Kan. City & Portland Ex. .
7:45 a. m.
9:15 a. m,
7 :00 p. m.
8:O0 p. m.
0:00 h. m.
7:20 a. m.
8:50 p. m.
5:45 p. m.
Northers . Psclne.
Tacoma and Seattle Express..-..
North Coast & Chicago Umi ted.
Korth Coast Limited. .......... .
8:80 a. m.
2:00 p. ro
ll :43 p. m.
7:00 a. m.
4:15 p. rn,
8:35 p. m.
Astoria ft Colombia River. :
Grain at Saa IVancisco.
SAN FRANCISCO. May 8. Wheat
Barley Steady. "
Barley Feed. 81.52 1.60
brewing, 81.62 1.65.
Oats Red. 2.0542.15 per cental;
C2.152.25: black, nominal.
Call board eales:
Wheat No trading.
82.10 2.15 per cental;
Wheat at Seattle.
BE ATTI.T3. May 8. No milling quotations.
Export wheat, bluestem. 81.24; red, 81.00:
club, fl.14. Receipts Wheat, 6 car;- oats, 2
cars. ' - :
Cheese Easy, unchanged.
May 8. Butter Weak.
2.b;2bc; tmra to ex-
Xevr York Cotton Market.
NEW YORK. May 8. Spot cottoa closed
quiet. Mid-upland, lu.aoc; mia-iiuir, 11.1&0.
Sales. Si 6 bales. Futures closed steady. Clos
ing bids: May. l.62c: June, 10.42c: July.
10.38c; August, 10.30c; September. 10.26c; Oc
tober, 10.25c; November and December, 10.21c;
January, lu.ltc; .waxen, lo.uc.
JJec. ... . .
Money Exchange, Etc.
FRANCISCO. May 8. Silver
Wool at St. Louis.
ST. I.OCTS. May 8. Wool Firm. Territory
and Wstern medium. 520c: no medium.
lSS22c; fine. ls18c.
Mexican dollars. 47c.
Drafts "Sight. 2 He; telegraph. Be.
Sterling on London, 80 days, 84.8614: sight,
NEW YORK. Msy 8 Money on cell nom
inal. Time loans, firm; 60 days. 2K'S,2t4 per
rent: 80 day. 2ti2 per cent; six month.
StfA per cent.
Prim mercantile parn, 814- nsr eent:
Metal Markets. .
NEW YORK, May 8. The metal markets
were quiet as usual, in the absence of
cables. Tin quiet. 20.25'?'89.60c. Copper firm;
lake 1313.25c; electrolytic 12. 62 "A (
12.87 He. and casting 12.50 12.75c Lead,
firm. 4.23ft 4.27 tic. Spelter, steady, 5.02 V4
3-UiHC. iron unchanged.
Southern Doctors to Meet.
GKAJJTS "PASS, Or, May 8. (Spe
cial.) The Southern Oregon Medical
Association, . comprising members in
Josephine, Jackson, Douglas, Lake and
Klamath Counties, -will hold its annual
meeting In this city next Tuesday.
Among the speakers will be Dr. A. B.
Pierce, of Portland, who will discuss
tuberculosis; Dr. It. C. Coffee, of Port
land, who will take us tha subject of
S.90 9.90 9.85
9.9S 9.96 9S7V4
10.02--4 10.02 9.74
Cash quotations were as follows:
Flour Steady. Winter naronti
6.60: Btraights. 85.808.26; Spring patents.
Rye No. 2. S686c
Barley Feed or mixing. 68 4j 6 Ho; fair
Flax seeti Xo. 1 Southwestern, $1.58
No. 1 Northwestern, $1-68 H.
Timothy aee-d $3.80.
Pork M-33S, per barrel, J17.S5 Q 17.95.
Lard Per 100 pounds. $10.32
Short rlb Sides (loose), $9.78 10.
Sides Short, clear (boxed), $10 10.75.
Total clearances of wheat and flour were
equal to 1 4 8.000 bushels. Primary receipts
w-sr-e 178.000 bushels, compared with 21 SOO
Dusneis mo corresponding aay a year ago.
Wheat at Tacoma.
TACOMA. May. 8. Wheat MUHrur. blue
stem. $1.251.S0; club, $1.14; export, blue
stem. $1.24; club. $1.14; re-i, 81.09.
CALL OR WRITS
T. S. McGRATH
Astoria and Seaaida Express.
Astoria Passenger. . .
Rainier Local .....
Rainier & Portland Local.
Seatide tfc Portland Paasenger.
Rainier and poruana icai
Seaside & Portland Kxpress,
. .1 8.00 a. m.
,.. 1-15 p.m
-i:uu p. m.
1:20 p. m.
9:05 a. m.
12:15 p. m.
0:10 n. m.
,;10:0O p. m.
Canadian Padflo Railway Co.
C P. R. Short Lin via Sopkane 7:00 p. m.
Via Seattle 11:45 p.m.
C. P. R. Short Line via Spokane 9:00 a. m
Via Seattle 7:00 a. m
jEFFER8Qy-8TREET STATION. -
Southern Pacific .
Lea v Ins: Portland
Dallas Pasinfer I 7:40 a. m
Iallas Passenger. .-.--. .f 4;15 p. m.
Arriving Portland- I
Dallas Passenger.. 110:13 a. m.
Dallas Passenger. 5:60 p.m.
ELHVKM'H A'D HOYX 6TBI FASSSSi
Spokane. Portland fe Seattle Railway Co.
T .onlna' "Dni M - fl ri
Inland Empire lux press 9:15 A. M.
For Chicago, St. Paul, Omaha, Kansas
City, St. Louis, Billings, Spokane, Cheney,
Lamont, Washtucna, Kahlotus, Pasco.
Roosevelt, Granddalles, Lyl, White Salmon..
Stevenson, Vancouver and intermediate,
Korth Bank Limited 5:40 P.M..
For Chicago, St. Paul, Omaha. Kansas
City, St, Louis, Billings, Spokane, Cheney,
Lamont, Washtucna, Kahlotus, Pasco,
Roosevelt, Granddalles, Lyle, Goldendale,
White Salmon, Stevenson, Vancouver and .
North Bank Limited 7:30 A.M.
r TOm UQlCHIfu, D- x--s-niaua, JV4UMM
City, St. Louis, Billings, Spokane, Cheney,
t .mflMt waahtucna. K.ahlotus. Pasco.
Roosevelt, Granddalles, Lyle, Ci-oldendale.
White oaimon, bibvodbuu, v uutuuvw aui
Inland Empire Express 9:00 P. M.
From Chicago, St. Paul, Omaha, Kansas
City, St. Louis, Billings, Spokane, Cheney,
"VA." ahtiipua Irahlntui. Pia -:
Rooseve'lt. Granddalles, Lyle. White Salmon,
.-..M.nn Vuni-nn I'ep Bnd lnlarmodlata
invite your gen
eral banking ac
count. To this
end, they offer the
advantage of re
liable, careful and
COOS BAY LINE
Tn. stsajner BKEAKWATER learss Port
lsnd Try W iiiriy. F. M-, from jLins
wortta dock, zor Mortis Ucnd. Marshileld and
Coo limy points. Fraigbt r.c.lvad UU 4 f.
M. on day of alll-aK- Passencer far first,
class, 910; second-class. S7. including- berth
and meals. Inquire city ticket office. Third
a-nd "Washington .tre Is. or insaK VMti.
Time Card Oregon Klontrlq Sallwas' Co.
Xjeavlng Portland tor Salem and Int. Sta
tion tt:2, D'OU, ll;O0 Jl. it; X:0u.
e-u, :40 P. M-. Llmlc-sd tor Tualatin and
Salem U:1S A. M. Local tor Wilsonvtl:
and Int. staUon B:0U P. M.
leaving Portland tor Forest Qrov aad
Int. Stations T OO. 10:;U A. M i l.aj.
:10. S:au P. M-
Arriving Portland from fialn and Int.
Stations 8:40, 10:65 M. ; 1:10. S.4U. 8.U0,
b:A. lu:4u P. M. limited from balum and
Tualatin 4:43 P. M. Local from Wllaon
vlll and Int. Btatlona tt:6 M.
Arrlvlng - Portland from Fort Grov and
Int. -stations a.iy. Iu:uu A. ai.; 12:16. a:4u.
6;o0, P. 14.
Portland Bailwa-r, IJg-nt & Power Compaa -Cars
Ticket OtOce and Waiting Room.
iTlrst and Aider Streets.
Or r gen City 4:ou, o.ao A. M., and .very
SO minutes to and Including a P. Al.. . then
10:uo. ll:O0 P. last car midnight.
Greibam and intermeUlate points 6:55.'
7:45, 8:43. U:45, 1U:46 A. M.. 12:43. 2:46.
8:40, 4:45. 6:4S, 9:45. 7:46. 11:16 P. M.
ialrview and Troutdale 0:55, "TS. 8:43,
:45. 10:43 A- M.. I2:i. 2:45. 8:46. 4:4a
6:43, 8:45 P. M.
Co-sadero and intermediate points fl:55.
8:46, 10:45 - M-i 12:45. 2:43. 4:43. 8:41
For Vancouver -
Ticket ofnc and waiting-room Second
and Washington streets.
A. M. 6:15. 6:30, 7:29. 8:00. 8:85. 9:10.
9:5V, 10:30. 11:10. 11:50.
p. M. 12:80. 1:10. 1:50. 2:10, 8:10. 8:50.
4:30. 5:10. 5:50. 6:80, 7:05. 7:40. 8:15. 8:23.
On Third Monday In .Every Month th -last
car leaves at 7:05 P. M.
Daily acept Sunday. Dally zcept
Steamer Chas. R. Spencer'
Bound trip dally except Monday, for As
toria and way landings: leaving Portland
at 7 A. M., arrlvlna- Astoria 1 P. M. Return
ing;, leave Astoria 3 P. M . arrive Portland
9:45 P. M. Sunday excursion. Astoria and
return. Leave Portland 8 A. M. ; return 9
P. M. ; fare $1.00 round trip. Portland,
Washlngton-St. dock. Phone Main 8dl&. Cal
lender dock. Astoria
Pennsylvania l-radf all the utates' in the
amount of pemonal property within Uvu -tstn's)
trdars vuUlect to taxation.