The Sunday Oregonian. (Portland, Ore.) 1881-current, July 09, 1911, SECTION TWO, Image 31

The Sunday Oregonian., July 09, 1911, SECTION TWO, Page 19, Image 31

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Newspaper Page Text.19 sus-DAT OKEGOXIAX, rOItTAXP, JtTLY 0. 1911. HEW HAY ARRIVING Dealers Find First Receipts Are Heating. TOO EARLY FOR-SHIPMENTS Crop Is I-arge One and Reasonable Prior Ar Looked For Open ing Quotation Not Fully Established. There will be a large bay crop la the Northwest tills year and it look a If prices would be on a reasonable basis. Hay dealers believe the demand for cow hay will be stronger than for tim othy. The consumption of horse feed rt a'.l kinds Is being; restricted more or less by tie increased use of automo biles and auto trucks. There la some new hay coming; on the market now, but most of It Is heating. Iealers would prefer to have ship ments deferred until the hay Is thor onghly cured and say It will be Aug , ust 1 before It Is safe to ship hay. The early receipts consist of alfalfa nd timothy. Not much damage waa done to the crop as a whole by the rains of last month. The first cutting; of alfalfa east of the mountains on the Oregon Short Line was Injured by rain, and there was some loss of early cut clover In the Willamette Valley, but It waa aid only a small part of the clover crop was cut before rhe rain. There will be a large output of oat and vetch hay this season. a the farmers in the Valley planted retch on a, large scale and most of It will be cut for hay. Experience has shown IhRt this la better for the soil than al lowing it to go to seed. Low prices on efeh hay are looked for. Loe Angeles advices report the sale of vetch seed there at 135 a ton. Local prices on the new hay crop are not fully established yet. AlfiUfa Is being quoted at 12.50. clover at IS.SOtf grain hay around $11 and timothy at IK to $19. according to section. There Is a little old timothy on the market yet and the best of It Is being held at i:i.50 and 12 J. Callforrtla dealers are looking for an opportunity to do business here with a1. fa: fa this season. Whether they do or not. the fact that California has 'a big crop of alfalfa may have effect on this market. The condition of the hay market in Pan Francisco is shown by the follow ing trade letter from that city: "We have been receiving a few cars, a day of new crop hay. but the prices that have been realized therefor have not been satisfactory to the dealers, as It has been difficult to place the har. here on a basis of what has been paid i for It In the country. Apparently the asking prices In the country at the present time are a little higher than the ranee of the market here tn the city. There has been a little hay changed hands in the country, but It has consisted mainly of fancy lots, but not enough trading Is being done to establish any decided basts of prices. Tntll the markets In the country be come adjusted to,m-ri the conditions prevailing In the city, it doea not look aa thouah much satlsfaotory business can be done." FTV CROr GRAIN CONTRACTING pvn-hseer of Club s TS and M Teats Barley Briage 1 o 2 to Tanner. Pome contracting of new crop club wheat waa reported yesterday to have "been done In the oouirtry on the basis r.f 73 and 11 cents. An opening prlca of about T5 cents on club Is generally expected and It Is believed blueetem will bring 1 or cents more. These prices are based on present crop con ditions. The farmers, however, are Tot disposed to sell at these figures nd very little business has been done. "The spot wheat market waa quiet and unchanged. No outs contracting has been done in ithe Valley yet snd no one has a very clear Idea as to the figure at which the 'jnsrket will open, but Jt Is believed by -dealers that new oats will sell under Some purchases of new crop Valley re reported from Kastera Washing ion et IIS. Il and 120 to the farmers. The spot market for both oat and parley was quiet In the past week. Offerings of oats were not as large a the week before and te demand as light. Little barley was to be bed. Local receipts, in cars, were report ed by the Merchants' Exchange as fol lows: tVn.at Barley Fl'mr Oats Har Monday IT 1 4 T im.. Wed- .....1 IT 1" iTMirsday ..IS I S .. a Friday T 1 R 1 4 uunUr ........ 3 3 3 yer aco S " lT"tml week 1 S i 'Tar ass M 11' " 14 ; ?? i ? Tear SCO TT 12 - IW SONOMA HOM STTLL AT S4e Centra Closed for te.000 Poamds of the 1911 Crop. According to California advices re ceived yesterday. Jewell has closed a contract with R. B Hall for SO.00'1 pounds of new crop Sonoma hops at 2S cents. For the Fraxer A Coulter lot of 1910 Sacramentos 14 cents was of fered. No business was reported In spota on futures In the Northwest. The Watervllle Times aaya of hop crop conditions tn that part of New Tork State: "Hope are, not looking very well at present, due largely to sun scald. It is aald. They are coming Into burr too early and this usually means a short crop. Many of the growers hereabouts do not anticipate a usual growth, some estimating their this year's crop at bout tree-fourths and omeess than that. The mold has not spread to any noticeable eitect during the past week, although a sharp outlook Is being kept on all the yards." CAXTALOtTES QVARTT.K HK-HER. Orders fee Baaaaaa Cut rtuna Flrt Orte ga Apples la. Owing to the abundance of other kinds of fruit. Jobbers have cut down their orders for bananas. One, car 1 due Monday and that may be all that will be on hand next week. About the only demand for bananas Is on ship ping account. The cantaloupe market closed firm at . SS and will open Monday at 41.50. Watermelons cleaned up completely yesterdaf. The first new Orecon apples arrived from The Dalies. They were ef the Duchess variety ana soia ei iz.zs a box. Apricots and berries were In good1 demand. Cherries were plentiful, specially Royal Anns, which sold lown to SOT cents. Oregea F.n Flrsa sad Scare. The week closed with the egg mar ket firm at 24 cents for the best sandled Oregons. and very few of them to be had. There was a. fair demand for poultry. which cleaned op all tha arrivals. Prices were not changed. Local butter prieea will be advanced 1 cents Monday morning. The cheese mar ket holds steady. Bank Clearings. Bank clearings ef the Northwestern cities yesterday were as follows: Clearing Balances. Portland 'VaStV-i 'VosM. Tacoma S'H"? T Spokane 72.7J ias.37 Clearings of Portland. Mettle and Taceana for the past weak ana corresponding week eattie. icwii-- PORTLAND MARKXTS. Grata. Floor. Teed. Eta. WHEAT Track prices: B 'u.V,mi Mc; club. SIS'Sc: Russian. 82 0je; alley. yilCSSl. FFKran. C4.5025 per ton; mlodllnss. ll: short. J3-5j i; rolled barley. s30. . CORN Whole. 131.90; cracked. I12.J0 per ton. BARLET Cbolee feed. SO 36 per ten. OATS" No. 1 white. I2 i 27 per ton. ruoCR Patents. 14.6 pr barrel; t ..ruirt S3 AO ValleT. S4.ID1 graham. 14.40; 'whole wheat 14-70. HAT Timoiny. new. t'"v ..--v ;i; alfalfa, new, $ 1 2. AO; clover, new. 1.60 ; grala hay. new, 1L Tegetablea and Fnuta TROPICAL rttlli urani' " ' per box; California graperrun. .- bananas. SJiWo per pound; pineapples, so per pound; lemona. 1 5-5) y fl- FKBSil FRLIT Chernoa, 6tflBo per pound: sprlcote. si.zesi.av pr .-.-. oantalounea. 2.i52-50 par crate; peaches, . . 1 1 i ... . . - ..larmMnntL 2020 per pound: pluma. 41.75 per crate. rap i r.i-k . . rnfa lofranberrtea. S1.25 9 $1.50 per crate; blackcaps, I1.50K1.73; plums, tl.'-OSl 'S per box: pninea $1,509 1.75 per box: btacXDemee. vm rants. 10c per pound: gooseberries, 7c; new apples. 12.2ae 2.30 per box. VEGETABLES Aeparaxua. r dozen: beana. Sffloc cabbaxe. 22.25 per hundredweight: corn. 4iOc per doxen; cucumbers. I101.2S per box: egxplant, lie per -pound; garlic. 10912c per pound; let luce, son :i5c per doxen: hot-hous lettuce. 1. 2.147 l.ta per oox; peas. avc vr peppers. lSg20c per pound; radlehea. 12 Ho .h.ka.k '. e i.. tmp nound- to- trci uvmti. ...uv-.u, - . " SACK VEGETABLES New carrots. $3 per aaijk; turnips. S2; beets. 12. POTATOES New California. 863-40 per pound. ONIONS reiiow, re a. wmi., $1 per bundrad. Dairy aad Country Produce. POULTR T Hens, lBc: Bpnngi. mbj. durka. rounx. 14 n i 13c; Reese. 11c; dosen: caae count. 20821c; April firsts. 15c 1L i I r.K t-llj creamery wKtm. a wu -pound prlnta. in boxea 2 tic per pound; leas man doi ioi, carxona ana u""".' I CHEiibE Twlna, trlplels and dalalea 14 9 14 per pound; Touns America. lstfUVso. PORK Fancy, vOlOc per pound. VEAL Fancy. 11 12c per pound. Staple Groceries. SALMON Columbia River. 1-pound tails, $2.10 per dozn; 2-pound talla, 42.95; 1 pound flata 4240; Alaaka pink. 1-pound talla $1.24. cor FEE Roasted, In drums, 23ffSOc per pound. NUT Br-Walnuts. 17 SO 10 per pound; Brail I nuts, 1416c; fllDerts. lftc; almonds. l-lc: persna l"c; cocoanuts, txcC41 per dosen: cheatnuta, 12Ho per pound; hickory nuts. StflOc per pound. HONET Choice, S3.7S per case; strained boner. 10c per pound. SALT Granulated, $15 per ton; half ground, lows. 1J.&0 per ton; 60s. IB per ton. BEANS Small white. 4c; large white, 4c; Lima. 7c; pink. 5Ao; red Mexicans, 6e; bayou, fro. RICE No. 1 Japan. 4c; cheaper grades. 13.500 4.55: Southern head. 5V9c; Im ported Imperial. Sc; Imported extra No. 1. Jt7Sc. fUGAR Dry xranulated. $3.70: berry. 13.70. beet. 4&.50 extra C, $&.'-'": powdered, barrela. W: cube, barrela. Su.10. 1R1ED KKCITS Applea. 12H41SHC per pound; apricots, ISe: peachea 100 lSe prunes. Italian, 10311c; silver, ISo; figs, white and black, e07tic: currants. 109 lie; relilna, loose MuacateL 6H9THe: bleached Them peon. 11 He: unbdeached 8ul tana eHc; seeded. HttHc Hops, Weel and Rides. Mors lull contracts, 25c per pound; 1010 crop. 2ic: 100 crop. ic; olds. SO 10a. MOHAIR Chonce. 8o37He per pound. WOOL Faatera Oreson. BOlrtc per pound, according to anrlnkage; Va.l.y, 13 tf 17c per pound. PELTS Dry, 10c; lambs, S340o each: pelts. 75c 0 4 1 each; abearllnga 10O20o each. HIDES Salted hides. 8140 per pound: salted calf, 15c: salted kip. 10c: salted stasa. 6c; green bldfe. 1c leaa: dry hlriee. 17 He; dry calf. 17i luc: dry ataxe. 11012c. CASCARA BARK Per pound. &c. " Provlsloas. HAM8 10 to 13 pounds. Isolator; IS to 14 pounds, ISHOlOc; 14 to IS pounds. ISO IsHc: 1 to IS pounds. J6frliio; eklnned. 15 He; plcnlca 1-Hc; cottace roll. 14 He SMOKED MEAT8 Beef tonsuaa, S5c; dried beef sets, none; outside, none; Insldes, 22c; knuckles. 20c. LARD Kettle rendered, tierces. 12 He; tubs, 12c; standard, tlereee, 10e; tuba, 11c; choice tlercea tc: tubs, 10c; short ening, tireces. Stic; tuba. SHe. BACON Fancy. 27c; standard, 25c r choice, 22c: Ensllsh. 7c. DRT SALT CURED Regular short eleara, dry aalt. 12 He: smoked, 11 He: backs, llxht, salt, 13c; smoked, 14 He; backs, heavy aalt. 12Hc; smoked. lHe; exports, salt. 12c; smoked, 14c. Oils. LINSEED OIL Pure rsw In barrels. Bic; boiled. In barrela l3o; raw. In caae a. 8o; boiled. In rasea. Vic TCRPKNTINE Caaes. 7Sc; wood barrela 70Hc: Iron barrels, ooc; lO-caae lots. 72c. OAbOLINK Motor saaollne. iron barrela. 16c: cvu, 22c; 6d gasoline. Iron barrela. 2Sc; caaes. 45 He. COAL OIL Ordinary teat, cases, 18919c; balk, la tsnks. 8 Ho: high test. 20 Ho. LAST LARGE WOOL SALE GRANT COOTT CLIPS DISPOSED OP AT BAKER. About Half a Million Ponntls Aro Offcrrd Prices Show pipeline of Two tents. BAKER, Or July . (Special.) With the market slow and about 2 cents off. the Grant County wool sales were held here today. Between 400,000 and 600. ooo pounds were offered. According to Charles H. Green, of Tortland. this is the last big bunch of wTvol left unsold In the state and after today there will be nothing bub small lots of wool to be sold. Some of the sales are as follows;. Kenneth McRae clip. 44.000 pounds, at 11S cents per pound, and the Stewart Brothers clip. 8S.0O0 pounds, at the same figure, to Charles II. Green. J. Dufour. of Woonsocket. R. I., se cured the Rlngmeyer clip of 1S.000 pounds: W. McFettrldge, of Bars boo. Wis., bought the George Trosper clip, of :i.444 pounds, at lts cents. Out-of-town buyers present at the sale were: Charles H. Green, Portland: J. Dufour. Woonsocket. R. I.; W. H. McFettrldge. Baraboo. Wis.; Frank Frankenstein. Charles Angell. James Hooper. Jr. C- W. Ryder and J. Jones, of Boston. C H- Breckhellners. P. J. Brown and Miles Lee were local buyers. Wont at sc Ideals. ST. Lt19. July a. Wool Cnchsnxed. Territory and V-.;rn mdlmnx 17O10HO; fine mediums. l17Hc; fine. US 14 He Portland. lotl Ill.0fl4.232 l&ie ..... O 076 2Vt l-.x.a e.i7.i4 ..... a1'3 8')H n7 ..... s.ax.z.'rt 1:H Sill. 5 ioa , .'.i Vm4 1 J.40.5-. ll3 .11,4M 11 J 3.1SJ.:2 1001 3,U.4 CASH RESERVES GUT Reduced Over Hundred Millions In Week. PAYMENTS ARE HEAVY 3'ew York Statement Eliminates Trust Company Holdings in the Banks Small In crease In Loans. NEW TORK. July 8. The statement of clearing-house banks for the week (five days) shows that the banks held 110,924.250 more than, tha requirement of the 25 per cent reserve rule. This Is a decrease of 137.688.900 In tha propor tionate cash reserve as compared with last week. The statement follows: Dally AT. Increase. Loans 12.01 4. "01. 000 41.oiS.0O0 Specie . 3SS.40S.0O0 e3e.4w.ooo Less! tenders.. S2.tW3.ooo 'ei'O.OOO Net deposits.... 1,776. lli. OOO 6,820.000 Circulation 4tt.576.iKK 30.000 Uanka' caah re serve In vault 869.380. OOO Trust companies' caah reserve In vsult 68.05S.000 Ageresate caah reaerve 43S.841.000 111307.000 Reserve r e- qulred 469,038.730 1.4S0.000 Exceas caah re serve 10,024.20 37,388.900 Trust companies" . reaerve with clearing-house a members car rying 25 per cent caah re serve 68.903,000 . - Actual condition Loan. 82.O09.2OS.0O0 8 628.OO0 Specie 34 V 3 70,000 '21,781.000 Legal tenders... R3.62S.0HO 4HS.0O0 Net deposits.... 1.862.008.000 '19.666.000 Circulation 46.721.0u0 b3.000 Banki' caah re serve In vaults 339,668,000 Trust companies' caah reserve In vaults 69.836,000 Aggregate cash reaerve 429.004.000 101.150,000 Reserve re quired 403,603,000 4.869,000 Exceees cash re- serve 7,377,000 16,072.600 Trust r e s e r ve with clearing house mem bers carrying , 23 per cent cash v reaerve 63,803.000 ........ Decree se. Summary of state banks and trust companies In Greater New York not reporting to the Nfw Tork Clearing House. Increase. Toans 86S1.679.3O0 83.037,300 Hpecie 63.R0rt.H00 874. 4nO luteal tenders 13.2S8.000 748.300 Total deposits 734.O06.0u0 6.163.700 The Financier will say: The statement of the clearing-house banks for the week ending July 8 was issued In new form, the percentage of cash reserve which the trust com pany clearing-house members carry with the banks proper, amounting; for the current week to S65.3S0.000, having been eliminates from reserve calcula tions. Criticism has been made that the method employed since the Inclu sion of the trust companies as mem bers was rather misleading, in that It duplicated that portion of the trust company reserves can-fed as cash in the banks. The new statement shows nothing but the actual cash held aa reserve In the vaults of both classes of institu tions. There was a decrease of some thing over $21,000,000 In specie and legals. traceable for the most part to heavy payments of banks on Panama bond accounts. Loans remained almost stationary, a decrease of only 8828,000 having been reported, while net de posits, as the result of the heavy cash reduction, contracted $19,500,000. The aggregate cash reserve held by the clearing-house members now total $419,000,000 and the excess cash re serve Is $7,877,000. This does not take Into consideration the $65,000,000 which the trust companies have on deposit with the clearing-house members. The cash reserve, as reported, figures out about S3 per cent, counting both banks and trust companies, the lat ter being required to keep only IS per cent cash reserve in their own vaults. Calculating on the former method, the reserve would shoyf In excess of 26 per cent. The separate statement made to tha Superintendent of Banks by the trust companies In New Tork Indicates that during the week they expanded their loans and Investments nearly $19,500,000 and Increased the deposits about $9,000,000 while the gain In cash was $1,000,000. HIT FOR CROP REPORT STOCK TRADING IS OP SMALli PROPORTION'S. Coppers, Canadian Pacific, Electric and Brooklyn Rapid Transit Are Advanced. NEW YORK. July 8. The copper Shares. Canadian Pacific. General Elec tric and Brooklyn Rapid Transit rose to higher levels today and a few In active Issues sold off sharply. Other wise, prices were little disturbed by the day"s trading, which was of such small proportions that it gave no Indi cation of the drift of speculative senti ment The community markets were watched closely, but neither the decline in cot ton nor the advance In wheat and corn proved an Incentive to trading. Oper ators have become so thoroughly con fused by the many conflicting reports of weather conditions In the West that they were disposed to await the Gov ernment crop report on Monday. The bank statement bore out fore casts in that the loan expansion under the average system amounted to over $41,000,000. while the actual expansion was scarcely more than $800,000. The lawful reserves fell by over $100,000, 000. which directly reflected the enor mous Interest and dividend disburse ments of the mid-year as well as pay ments In connection with the Panama bond Issue. The bond market was steady. Total sales, par value, tl.005.000. rnlted States 4s lost M on call In the week. . tXOSIMO STOCK QUOTATIONS. Closing galea High. Low. Bid. . AllleChal pf .. ..." 2H A ma I copper .. o.tj ii s Am , El,.. 400 01 H 00 01H American Can ........ Am Car Fdy. - loo Am Cotton Oil. 100 Am Hd A it nf Am Ice Securi. S.400 Am Linseed Am Locomotive ...... Am 6m. 1 Ref 1.800 do preferred.. ...... Am Steel Fdy I . . inn re 88 M4 68 SH MS 24 H 23 14 H .... 11 40H 80 80 lOTV. 87 24w 80 Am Rugar Ke. 1 1 l s i T-ia T.I.. 700 138V4 13SU. IMS "A Am Tobacco pf. 2o0 94 "4 94 H Am Woolen .... 10O 82S 82s 81H Anaconda M Co . 2"0 40 SH 8i Atchlaon 1.100 113 111 118 do preferred. 10JH Atl Coast Line ..... 128 600 108 108 107 S3 23fl 30 2-S 2i M HO 22 44 14 125 GS 24 4h 170 2S 57 Rri 8-i 47 183 136 M 141 17 50 117 11 41 17 84 60 108 131 31 141 33 66 4S 133 33 81 10s 45 100 73 182 27 . 125 18 0 10 36 161 83 lr.s 29 93 81 64 44 81 73 4S 121 31 71 41 28 21 47 1R6 f'3 75 41 78 118 DO 36I 16 33 n 7w 9.2O0 1.300 S2 240 MS 239V ao preierrea. . .. Central of -N. J. .. Bait Ohio . .. Bethlehem Steel Brook R Tran.. Canadian Pao .. Central Leather 28u'" 900 81 81tt 500 125 125 H i... '206 143 ii i-isl; 100 14 14 '406 'ii'si shh 2O0 B8H 5itt "6 ICS" 182T4 2O0 136 136 Chee A unio .. Chicaso A Alton . . Chi Gt West do preferred.. .. Chicago N W .. C, M,t 81 PauL C. C, C tit L. Col Fuel A Iron .. Col a Southern. .. Consol Gas .... Corn Producta. T-i-l a TYiiri.Aii D 4 Ft Grande do preferred.. 111114 Secur . Erie do let pf .... J ... n. UV U ... .... . Oen Electrlo .. Gt Nortn pt ... Gt North Ore. . . Illinois Central. . Interbor Met . . . do preferred.. Inter Harvester Inter Marine pf . Int Paper Int Pump Iowa Central .. . K C Southern. . . do preferred.. Laclede Gas . . Louis A Nash.. Minn A Pt L. . . M. 8 P A 8 S M Mo. Kan A Tex . do preferred.. . Mo Paclflc ... Nat Biscuit . . National Lead.. Mex N Ry 2 Pf . N Y Central . . . RO0 50 30 200 122 122 '206 "ii 'iin 100 41' 41 '400 ioii 108 4 100 131 131 i66 i42H 142 'OO "48 '4814 'ioo 109 109 '266 ioo ioo' "266 132"' iai oo iis i23 2UO 106V; 106 ..... ..... .. I 1. UBl Norfolk A North Am "Was Pacific Mall ... , Pennsylvania . -. People's GuS P. C C A Pt L.. , Pittsburg Cosl Pressed 8 Car- , Pull Pal Car . .. Ry Fteel Spring Reading Republic Steel. do preferred. . , Rock Island Co do preferred. . . St L, 3 F 2 pf St L Southwest , An nraf.rrnil. . . Lftno 200 "ioo "'ioo 1M 80 ir.s 30 . 3i -44" 81 "44 Plots Sheffield .. . Southern i'ac .. Southern Ry An nref erred. . 1.000 500 121 81 121 81 Tenn Copper . . . Texas A Paclflo Tol. St L Wea- 2O0 22 2O0 48 8.4UO 187 "ioo J76 2IMI -41 6,800 7 100 11S 2,100 r.m 300 56 i.poo "As" 4K 76 800 80 do prelerrea.. Union Paclnc .. An nmt erred.. . 48 1 76 41 78 118 51 36 T7 8 Realty ... U 8 Rubber ... U B Steel do preferred.. T7tah Copper . . Va-Caro Chom.. Wabaah do preferred.. . Western Md . "Weetlns Kleo .. 65 7 79 Western Union.. Wheel ALE... '260 174 174 Lehigh Valley. hi En v a 1 icy . . .w in -Total sales for the day, 63,800 shares. BONDS. NEW TORK. July 8. Closing quotations: U. S. ref. 2s reg.100 N. Y. C g 3"2;HB do coupon ...100 No. Pacific a. 1B U. S. 3 reg 101!No racirie es. . . do coupon .lli!imoo rm.uo U.S. new 4a reg.113 Wla Central 4s. 93 do coupon ...113 Japanese 4s .... 88 D. R. G. 4s... 2B Stocks at Boston. BOSTON, July 8. Closing quotations; - Alloues 8 1 Mohawk "I Amalg. Copper.. :t Nevada Con. ... lo Anions com. . . N. Butto, ex-div. 83 North Lake 8 Old Dominion... 47 Osceola, ex-dlv.. .102 Parrott (8. A C.) 13 B A C C A 9 M. 14 CaL A Arlsona. 5S Cal. A Hecla. . .40 Centennial H , Cop. Ran. C. Co. 60 K. Butte CP- M. 13 Qulncy 7:1 Shannon 11 Superior 31 Sitn a. Tltta Con. 3W rranklln tw Olroux Con. . nnnhv Can. v-i lamarack 8S;U. S. S. R. A M. 38 Greene Cananes. 7 ao prererrea .. tft Utah Con. 17 77 Cop Co. ex-dlv BO Winona 8 I. Royaie tuop. ii Kerr Lake...... 3t Lke Copper.... 87 i Money. Exchange. Etc. NEW YORK. July 8. Money on call easy. Time loans easy: 611 days. 2&2 per cent: 90 days. 26 3; six months, 8 8. Prime mercsntlle psper. 44- per cent: sterllrs exchange steady, with actual busi ness in bankers- hills at S4.R450 for 60-day bills, and at l4.83o for demand. Commercial bills 84.83. Bar silver 32 c. Mexican dollars 43c Government and railroad bonds steady. LONDON, July 8. Bar silver Steady, 24 Hd per ounce. Money lfikl per cent. The rate of discount In the open market Tor short bills is 2 per cent; three months bills, 2 1-16 per cent. BAN FRANCISCO. July 8. Sterling on Loudon, 60 days, 4-84; sterling on London, sight. 4.88. Drafts Sight. 1; telegraph. 3. Condition of the Treasury. WASHINGTON. July A At the bediming of business today the condition of the Uni ted Urates treasury was: Working balance in treasury of- .... flcee 8 M.103.146 In banks and Philippine treasury 34.241.340 Total balance In general fund . .147.fiH3.20S Ordinary receipts yesterday were. 3.04 2. 080 Ordinary disbursements 4.3So.32 The deficit to date this fiscal year la $1,866,127, SS Sgalnst a surpln of $n8..118 at this time last year. These figures ex clude Panama Canal and publlo debt tran sactions. ' product; at sax fbaxcisco. Quotations . Current fat the Bay City Mar kets. - 6 AN FRANCI8CO. July 8. The follow ing produce prices were current today: Vegetables Cjicumbers. 25 935c; garlic, 84c; green peas. $1.00fjl 75; string besns, 16 3o; asparagus. $1.253 2.00; tomatoes, 63 4f83e: eggplant, 5tfl0c. Butter Fancy creamery, 22c. Kggs Store. 24c; fancy ranch, 26c Cheese Young Americas, 1214c. Mlllstuffa Bran. $2S'29; middlings. $32.50 085. Fruit Apples, choice, tl.60: common. 50c; bananas. $11.75; Mexican limes, nominal; California lemons, choice. 16; common, $3; pineapples, 88493.60.' Hay Wheat, 111014 per ton; wheat and oats. 19912; alfalfa, $1911. Onions 75cO$115. Reoelpts Flour, 2660 quarter sacks; wheat. 1670 centals; barley. 820 centals; potatoes, 1240 sacks; bran. 85 sacks; mid dlings, JO sscks: bsy. 805 tons. Coffee and Sugar. NEW YORK. July 8. Coffee futures closed quiet, net unchanged to 13 points higher. Sales were reported of 16.730 ban. July 11. 56c; August 11.40c: September 13.2lc; October, 11.16c; November, 11.10c; December, January and February, 10.06c; March, April May and June 11.07. Spot coffee, firm: Rio No. 7, 13 c; San tos No. 4. 13. c; mild coffee, dull; Cordova. 14i I60, nominal. Raw sugar, firm: muscovado 89 test, 8.55 Cf.StUo; centrifugal 96 test, 4.0r.llc: mo lasses sugar 89 test, 8 8t"$3.3ilc; refined sugar, steady: cut loaf, 6.00; orushed. 5.N0c: mould A. 5.45c; oubes. 3.33c; xxxx powdered. B.25o; granulated, 5.10c; diamond A. 5.10o; confectioners' A. 4.95c. Hops, Etr., at New York. NEW YORK, July 8. Hops, firm; state common to choice. 1010. 2(432c; l:iot, 2ii' 22c; Paclflo Coast, 1010, 263 28c; luu, lti? 19c. Hides gteady: Central America, 20o; Bogota. 21t5 22c Petroleum Steady; refined. Now 1 ork, barrels, 87.25; refined, bulk. $8.73; Phiis drlnhls. barrels, $7.25; Philadelphia, bulk, $3 73. Wool Quiet- Domestic fleece XX Ohio. 2728o. Metal Markets. NEW YORK. July f The metal markets were quiet and practically nominal, as usual on Saturday. Lake copper. 12.73 13c: elec trolytic, 12.626 12.76c; casting. 12.879 12.300. - . Tin 4445.5nc. Lead 4.43 6 4.50c. Spelter 6.70 5.80C. Antimony Cookson's, 8.30c. Iron Quiet snd unchanged. New York Cottoa Market, NEW YORK. July 8. Cotton futures closed steady. Closing bids. July, (14.17; August. $13.93; September. $13.20; October. $12.fc; November. (13.83; December 812.96; January, (12.2; March, (12- May, (13.0S. Spot closed steady. Mld-Lplands, $14.50; mid-Gulf. $14.73. Sales, 100 bales. Chicago Produce Market. CHICAGO, July 8. Butter, no market. Eggs, no market; receipts. 7314 cases. Cheese, steady; Daisies, 12UC13c; Twins, l!013c; Young Americas, 1313c; Long Horns, lllWc Wool Sales at London. LONDON, July 8 The next wool auction sale will open Tuesday and Is scheduled to does July 27. The offerings next week will aggregate 54,740 bales. EARLY GAINS LOST Wheat Prices Sag After a Firm Opening. WEATHER MARKET ALL DAY Predictions of Showers and lower Temperatures Lead to Selling That Carries Values Under Those of Preceding Day. CHICAGO, July 8. Timidity in re gard to wet and colder weather pulled the wheat market down today In the last hour of the session. The heavy movement of the new crop waa also a big weight upon values. Tha clos ing figures were He to c under last night. Corn and oaba- finished un changed to within c decline. Hos products made a ragged wlndup, vary ing from 2-c advance to 22 c falling; olt- ... At first the wheat crop acted in ac cord with unfavorable crop reports from the Northwest. There was a rumor that black rust had been found near Corastock, N. D., but the story was denied. Firm cables also were in terpreted as due in part at least to previous upturns on this side of the Atlantic. Gradually attention centered on predictions of showers and of lower temperature in the Northwest. Besides, cutting was reported as already in progress in several sections near the heart of the Spring crop belt. Thresh ing returna from the Winter belt showed yields large. Furthermore, re ceipts at all the principal points were reaching astonishing totals. The coun try, nevertheless, continued to sell wheat freely to arrive. In consequence, the market sagged until not only all early gain had been lost, but a mate rial loss had been scored. During the day September ranged from 91c to 92Ho and .closed weak, lo net lower, at 91Vsc. Profit-taking gave corn a sharp set back from an initial advance. Out Eiders In general and the Southwest in particular sold out, anticipating a pos sible surprise When the Government figures are announced at the close Monday. September fluctuated Jsetween 65 c and 66lc, closing a shade net lower, but firm, at 65 c. Cash grades were steady. No. 2 yellow finished at 63c and 64c. Heavy realizing on the part of longs formed the rule In oats. Beforehand, however, there had been a decided swell on account of corn strength. High and low levels for September were 47c and 46c, with latest trading at 46o, a decline of c from last niffht. Packers took the selling side of pro visions. Support was poor and the market weakened, but in rather er ratic fashion. 'Ultimately pork was off lOo to 22c, but changes other wise were less than a dime. The leading futures ranged as follows: WHEXt. Open. High. Low. Close. July .80 I .90 I .89 $ .89 Kept 92 .92 .91 .81 . Dec, 91 .94 .93 .94 CORK. July.. .4 .63 .S3 Sept " 6 -65 .65 Dec 65 .65 .61 .64 May 68 .68 .66 .47 OATS. July 45 .45 .45 .45 Kept 47 .47 .46 .46W Dec 48 .48 .47 ' .43 May 61 .81 .60 .61 MESS PORK. Bept 15.S5 15.85 15.62 15.63 Jan 15.78 16.72 1S.67 15.60 LARD. Jan 9 37 8.S7 8.39 8.S7 July 8.80 8.12 8.S0 8.20 Sept 8.45 .47Vi 8.37 8.42 Dec .. 8.(7 8.87 8.82 8.35 SHORT RIBS. Sept 8.65 (.o7k 8.47 8.60 Jan..:.... 8.16 8.17W 8 071, 8.15 Cash quotations were as follows: Flour Firm Rye No. 2. 84c Barley Feed or mixing, 70 8 8c Flaxseed No. 1 Southwestern, remains neglected and without quotation. Timothy seed (9 18.60. Clover (9 a 16. 60. Pork Mesa, per barrel, 816.78(818.87. Lard Per 100 pounds. (8.20. btiort ribs Sides (loose), (7.7S8.50. Grain statistics: Total clearances of wheat and flour were equal to 64,000 bushels. Primary receipts were 8(4,000 bushels, compared with (81,000 bushels the correapondlns day a year ago. Estimated receipts for Monday: Wheat. 183 cars: corn, 193 cars; oats, 69 cars; hogs, 85.000 head. Receipts. Shipments. Flour, barrels 17.300 12.600 Wheat, bushel 171.900 7.000 Corn, bushels 189.000 (33,600 Oats, bushels 120,600 413,400 Barley, bushels ......... 16,500 2,900 Grain at San Francisco. SAN' FRANCISCO, July 8. Wheat Firm. Barley Firm. , Spot quotations: Whest Shlpplng.-f1.42 1.50 per cental. Barley Feed. $1.270 1.2SV per cental; Brewing, nominal. Oata Ked. 11.25 S 1.W per cental; white, nominal; blade, (LlS'ii 1.30 Call board sales: Whest No trading. Barley 1.4 per cental; May. (1.40 bid, $1.42 asked. Grain Markets ef the "Morthweet. TACOM A, July 8. Wheat. Blueatem, 85 96c Fortyfold, 87c; Club, 66c; Red Russian. 83i 81c. Receipts, wheat. 11 cars; corn, two cars; oats, two cars; bay, one car. SEATTLE, July 8. Wheat1, Bluestem, 5o: Fortyfold, 85c; Club, S4c; Fife, 84c; Ked Russian, 83c. Oats, 12 7 per ton; barley (25 per ton; bags, 4.75. - , Car reoelpts, np to noon: Wheat, four: hay, four. European Grain Markets. LONDON", July 8. Cargoes firm. Walla Walla for shipment at 34s ud. Ensllsh country marine firm; French country mar kets easy. LIVERPOOL, July 8. Wheat July, 6s llt!; October, 6s 10d; December, 6s 10d. Weather fine. Minneapolis Wheat Market. MINNEAPOLIS, July 8. Wheat July, 8Sc; September, u9?9lc- December, l9 O0l)c; No. 1 .hard. (LOU; No. 1 Northern. (1.0081.01; No. 2 Northern, 87jc; No. 3 wheat. !)5e08C JUL CLASSES ARE FIRM CATTLE, HOGS A1 SHEEP; IN GOOD POSITIOX. Saturday's Trade Confined to Cows, WJjlch Sell at Good Prices. Hogs Prom Nebraska. The reecipts at the stock yards yes terday consisted of eight cars of cattle and seven of hogs. The latter were from Nebraska and were received on contract. Trading was. therefore, not very active. Ail the cattle that were disposed of were cows. The bulk of sales were at 85.15 and 85.25. showing a continued firm market In this line. The feeling in the hog market at the close was firm. As for. sheep it is be- RIVER FRONTAGE FOR FACTORY SITE 1200x600 in South Portland. This property, has 1200 feet frontage tin Southern Pacific Railway, extending east about 600 feet to the river, covering nearly 17 acres. . Our price is very low. The estate has instructed us to sell at $60,000.00 or $50.00 a front foot This price is just one-half the price asked by adjoining property owners. Call for Mr. Tufford, Manager Realty Department. J MERCHANTS SAVINGS & TRUST COMPANY The Canadian Bank of Commerce COLLECTION BUSINESS. With Its large number of branches, agents and correspondents, v The Canadian Bank of Commerce is able to effect collections througn out the world promptly and at reasonable rates. Kates .will ba quoted on application. We have arranged to issue the Special Vaglla of the Banco dl Napoll, which are payable at any Italian Postofflce. For further information inquire at the PORTLAND BRANCH, Second and Stark Streets. ATTENTION! Qfnppnc Associations or Individual, of Oregon Box Apples, Ottlrrl-itvO, peara, Peaches, Prunes, Plums, Cherries, that Intend using the St. Louis market, will find it to their advantage to get in touch with, a reliable wide-awake CAR -LOT BROKER who is In a position to make liberal advances. Wire or write today, and get lined up with a firm that will show you how to make money in the selling department of your commodities. References as to reliability cheerfully given. Address All Communications to N BOB MILLIGAN, St. Louis, Mo. lieved that bottom prices have been seen and that values from now on will advance, as stockmen are taking their herds to the mountains. Receipts yesterday were 214 cattle and 70S hogs. Shippers were Henline & Ohlinger, Ne braska. 7 cars of hogs; J. S. Flint, Junc tion City, 2 cars of cattle; Fred Stroud, Opal City, 4 cars of cattle, and Joe Lis ter, Opal City, 2 cars of cattle. The day's sales were as follows: Welftht. Price. 2!S cows KSS $."1.2.1 8 cows i"?'-; 2ticows S 6 -25 8 cows O'B 4.50 8 cows 4.J0 41 cow uu 6.I1. 41 cows I13 o-15 Prices current on the various classes of stock at the Portland Union Stockyards were as follows: prime hay-fed steers $8.00 $6.25 Choice steers ?'I?2 f" Si Fair to good steers........ ...... I.lao t.ai common'.teer. J.MO Prime cows 5.00.2 5.5 Good to choice cows 4.50 a 4.75 Fair to good cows -2j 4.50 Poor cows 4.00W 4.JS .Choice heifers 6003 5.50 Choice bulls Hi Choice llsht csItss 7.00 V 7. C&od to cnolcS light calves -,71 g Choice heavy calves $.0 $. Choice stags 6 00 5.50 Good to choloo stags 4.76 f s.oo Mors Choice hogs J nood to choice hogs Choice heavy Common - z .. . , , . Stock hogs ' . L BBn I II ChilcePiprtng lambs B.OOg 5.25 Choice yearlings 'V J Good to choice yearling 1.60 .7j Fair to medium yearlings J.04O . Choice ewes -0 Good to choice ew 3.76S A00 Fair to medium ewes 2-50 2.7J Good to choice heavy wethers 3.50 3 b0 Old heavy wether 8.00 3.50 Mixed lots 4.00(91 J-00 The tollowlng quotations represent prices on this market for the dlffereat classes ot horsesT Drafters, extra heavy, $J0O500; drafters. 1400 to 1700 lba. 150S50; draft irsT 1200 to 1400 lbs.. $100250; chunks. tsoai50; plugs. $10$40; driving horses, in and up i saddle horses $40 aad us. Chicago livestock Market. CHICAGO. Jftly 8. Cattle Receipt, esti mated at 400: market steady. Beeves, $4.90 f?60- Tejai steers, $4.60 5.S0; Western steers. $4.755.tK); Blockers and feeders. $3.356.50: cows and heifers, $2.85&5.S0. CaHogs-iRe1ceipts estimated at : rket strong. Be higher. Light. 8-,f -7 mlxei 6.40(gl6.87M: heavy. 8.2o 8.S5. roush, $.li66.45: good to otiolce heavy. $6.4596.87: Plga. 4.15)9.70; bulk of sales. 6.60tf6.S0. , Sheep Reoelpts estimated I al : 50M; mar ket steady. Native. $:i.K'9 4.70: Western. $34.80: yearlings. t4.40w5.5O: Jambs, na tive, $4.25 7.25: Western, $4-757.35. ECC R EASED MOVEMENT OF LIVESTOCK Traffic In May as Sbown by Official Gov ernment statistics. A large gain In the livestock traffic during the month of May Is shown by the figures of the leading commercial movements Just published by the Bu reau of Statistics of the Department of Commerce and Labor. Larger receipts of hogs and sheep are mainly Respon sible for the heavier -monthly inbound movement to the chief packing oenters of the county. Livestock receipts during May at seven primary Western markets ag gregated 3.650.875 head, compared with 2,667, Z78 head received in May, 1910, and 2,896.767 head received In May, 1909. Of the total, 622,780 head were cattle; 93,561 calves, 1,979,856 hogs, 821,67i' sheep and 33,006 horses and mules. With the exception of calves the in bound movement of food animals shows considerable gains over the correspond ing figures for the two preceding years. The monthly receipts of hogs show a gain of 12 per cent over the monthly average for the five preceding years, exceeding the May receipts of each year for the period 1906 to 1910. Even a larger gain is shown by the May re ceipts of sheep, which were more than a third larger than the May average for the preceding five-year period. The marketing of livestock at seven pri mary markets required the use, during the month, of 62,224 cars, as compared with 47.418 cars during May, 1910. and 51.927 cars during May, 1909. Live stock reoelpts during the five months of the present year, 16,876.152 head, were likewise on a larger scale than for the two preceding years, though the re ceipts of hogs, 9,028,719 head, fell short of the corresponding figures in 1909 and 1908. The inbound livestock traf fic for the five months' period of the present year aggregated 298.168 cars, compared with 247,711 and 277,931 cars reported for the corresponding periods5 in 1910 and 1909. Receipts of food animals for the month at four principal Atlantio sea coast cities totaled. 718.284 head, com pared with 600.623 head reported for May, 1910. aid 687.956 head for May, 1909. Just as in the case of the seven primary markets, .considerable gain in the monthly receipts of hogs and sheep is shown. The five months' re ceipts at these cities aggregated 3,511,- ' 374 head, of which 430.724 head were cattle, 261,777 head calves. 1,608,214 head hogs, and 1,210,659 head sheep: the latter two itemB being considerably in excess of the corresponding 1910 figures. Dried Fruit at New York. NEW TORK. July 8. Evaporated apples, firm; fancy. 18c; choice, 14 Vi !5c; good to prime. 14c Coast advices report a very firm market for Oregon prunes, but local spot quotations were unchanged. California. PSjllOr. Up to 20s. and Oregon fruit llo to lifte from 80s up to 30s. Peaches quiet; extra choice. 9T9; fTT-V. OUWIOC. Note the numberof cities where bitulithic pavement is making an entrance this year. OVERBECK & COOKE CO. Commission Merchants, Stocks, Bonds, Cotton, Grain, Etc 210-217 BOARD OF TRADES BLDG. MEMBERS CHICAOO BOARD OF TRADE. Correspondent of loess A Bryan Chicago, New York, Boston. We have the only private wire connecting Portland with the East ern exchanges. THE BARBER ASPHALT PAVING COMPANY Constructs Asphalt and other Bitu minous Pavements. 605-608 iilectrla bldg, Portland, Or. Oskar Jubsr, Manager. TRAVELERS' GUIDE. O.-W. R. A ?f. CO. Colombia Klver Route. Operates the steamer "T. J. Potter," leav ing Ash-Street Dock, Portland, dally, ex cept Sunday, at 8:30 A. M. (Saturdays 1:00 P M) direct for Megler, connecting with, Ilwaco branch trains for all North Beach nnints, returning leaves Megler daily except Saturday at :00 P. M.. Sundays at 9:00 P. M and "Hassalo," which leaves dally for Astoria at 8:00 P. M., except Sunday (Sat urday 10:00 P. M.). Returning leaves Asto ria dally, except Sunday, at 7:00 A. M.. touching at Megler to land passengers for all points on North Beach, Arrives In Port land 4:00 P. M- COOS BAY LINE STEAMER BREAKWATER galls Irora Ainsworta Dock Portland, 9 A. il.. June 10, 15. 20, 23, 30. July 5, 10, 15. 20, 25. 80. and every 6 daya Freight received at Alnsworth dock dally up to 6 P. M. Pas senger fare, first-class, $10; aecond-olaaa, $7. Including meals and berth. Ticket of fice Alnsworth Dock. Phones Mala S6a Main 17U. A 1234, STEAMER ANVIL Sails from Albers Dock No. 3 Monday, July 10. 7 P. M., for Tillamook. Bay City, Newport, Florence, Bandon and Coquille River points. Ticket offica 128 Third St, phone Main 6-'8, A 459S. Dock phone A 1902. Main 161. Freight and passengers. NEW YORK PORTLAND REGULAR FREIGHT 6ERVICB. Lot- Rates. Schedule Tims. AMERICAN-HAWAIIAN S. S. CO. 21S Railway Exchange Bldfe Portland, Or, Vain cm, illtt