The Sunday Oregonian. (Portland, Ore.) 1881-current, April 13, 1913, SECTION TWO, Image 35

The Sunday Oregonian., April 13, 1913, SECTION TWO, Page 19, Image 35

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Newspaper Page Text19 THE SFNDAT OREGOXIAN. PORTLAND. APRIL 13, 1913. DROP IS FOB EFFECT Sugar Decline Believed to Be for Political Purposes. ADVANCE EXPECTED SOON After Tariff Is Out of Way Trade Looks for Steady Improvement In Refined m Well an Qaw Article. Th. A-,.. A II.. which I I 1 " in an Ainvui.au ...... ' tl 1IIUIIUAJ BtlU 1 IIW, . . . I .- k.n...kt . K . - t mfftte it would have on sentiment, ana mn that aunr will rn lOWer. On the contrary, prices are likely to advance before Ionic, aa the statistical p"iui of the market la fairly firm. At tha present local quotation of S06. refined uctr la 1 cheaper than It waa a year (i) and la 70 centa under the loweat r.r i. vur. while the bottom quotation In 1S11 waa a quarter over the present price. ThA nrli that V. lust been DUt out by the refiners Is believed to be for political purposes. ine odjoci i no doubt to brine what pressure 1 possible on the bill now before Con cress. After the tariff is out of thi .... r.rf. litoki for a steady lm provement In refined as well aa raw sugars. l'immnHnr On the EClieral SltUSllOD. an Eastern authority writes: "The very poor demand for refined sugars which hss prevailed here lor some time pa-i Is reflected In this week's figures of , Aft A it A .nna multifile at the At lantlc ports. These show a reduction of 1 11,000 tons Irora tnose oi -. i..i. i. tnr this time of year. when Increases are generally the rule. "However, the refinea traue mniuju .... .v.. is nndoubtedlv carry ing very light stocks and will continue in d so until the question of tariff changes is settled. But, Immediately tMs factor of uncertainty is eliminat ed and we enter upon the months of heaviest consumption. It Is natural to expert that a very active demand will develop and prevail for he remainder of the year. CALIFORNIA INQflKING POB BARLEY Poor Crop Outlook la Sooth Sends Demand la This Ma-set. -iu. .,.- nr the srraln market yesterday was the inquiry from Cali fornia for barley, ror several ween. . . .. tnupkol liai been decidedly inactive, but prices have held fairly well, as stocks are not large ferlnga have been modi-rate. The re vival of the demand has. therefore, . i r.rb.t . firmer undertone. Good feed barley was quoted yesterday at -3 to 123.50 on track. The San Joaquin barley crop amm i k 1 1 . j.m.Bwi tiv the continued uvcu iaui. ......... 0 " j - drouth, and that section may produce no crop at all. In the Sacramento dis trict April rains have put tho crop in good shape. There were no new envelopments In the wheat market yesterday. Trade waa light at all points ana wt-i v were more or lees nomlnaL Local receipts. In cars, were reported by the Merchants Exchange as follows: Wheat wariey r mur vai , - is Tg(lar It V-iinrdy .. I- 1 Thnrdy .... 11 l Vrilv 1 Saturday .... 11 Y'tr ago..... - - Tolel this Wa. it 3 .1 1 O 1 0 4 5 S :,n T PS M ' V-ar io. - .,,-. .... .so""':!! 5l 3.WT H-J Mio 1,1 TT ON HOPS TO BF. RETAINF-I - change Made In the Tariff hi raderwood lit II. . w I- In the tariff on hops In the Underwood bill now before 4-ongreas. copies of which were re reived yesterday. The duty on hops remains st 1 cents and on hop extract and ltipulin at 50 per cent ad valorem Trade In the local market was quiet at the close, after the fairly liberal buying at the opening of the week. London dealers report on the English market as follows: There Is a steady demand for the time of year at the prlees now ruling and stocks are getting Into a smaller compass- W. H. & II- Le May. There Is no change to report during the past week in our market, which re mains Arm at late rates. Manger & Henley. ITHfT STRAWBERRIES FROM FLORIN fcaiall Shipment AIo Arrives From Los Angeles LeoMaaa Berries Moaday. The first Florin strawberrlea of the seascn arrived yesterday. Two crates were received and they sold at S3 a t rate Two f reeiers of Los Angeles ber ries came In. They were of line quality and brought 20 cents a basket. Half a .-ar of Louisiana strawberries will be on sale Monday morning. Oranges are Arm with very few cars rolling. Lemons are strong In the .nntrt. A car of Florida grapefruit ar rived yesterday, also six cars of ban anas. The banana market Is firm with the price steadily advancing at gulf ports. Among the vegetable receipts was a car of head lettuce, most of which was sold before the close of the day. The market was firm at J1.50 a crate. As paragus was unchanged at 6 cents a pound for flats and $2.7J?3 a box for green. reentry Produce Cleans Vp Well. The country produce markets closed steady and unchanged. Foultry sup plies cleaned up. Hens brought li cents, while broilers were wanted at 30 to 35 cents. Puiks were scarce and were quoted up to '0 cents. Dressed meats sold at Friday's prices. Kygs were Arm and unchanged, but some dealers reported an increase in re ceipts. , No change was announced In butter price for the opening of the coming neek. The cheese market continues steady. Baak Cleorinsa. ttank cleertrira of the Northwestern cities rtraay mere as follow: t'lrarlnss Balance. l'ort'.and - aTi.:lT 1T3.517 S.stll.) I'M 1 l'J714 Tx oma ij; s:i irj is in.. Tli.lft.-. T3 XJJ v'u-arlnss of Portland. Seattle and Tacoma for the past wr-k aad correspoadln week la former ear were: i'ortiand. Seattle. Tacoma. HI! 14-i.i3l 1S US .Vil IS.Vi2a.17 HH 3 M .-4' I:. 1' 4.7iVv53! WO U ;:r.-.J4 14.71!.IM M3H.717 ie"t 10 210 3-." 4 JMH IV. .... fJT.L'l S.44 t4S 4.0.lOo 1S'7 T 4il U Sl'Mt.147 4.:73.4S1 3ivt vt.:;j i4"3.3 n8 .-. 71'' a ;.,; i!-:7 7S ISX'4 41.':.. 3 4."..Hrt 1".4nS i.Jt 3 4A7 I'.a 3.WMV4V. 1.70H' 3 4'1U Z 2i 7S 1 2t ai4;.U tSW.BI l.C4.Us rORTLAXD KAUm Grata. Ftawr. Feed. Eto. SU1AT Trark prices: Club. S9$7e; M nasi am SSo: red Ruaslan. se; vailay. 7a FLOUR patent S4.70 per barrel: arrays Ma M 10: exports, S3.Sofi3.aS: vai lay S4.TO; araharn. 44 SO; woaia wheat, 4 SO. OaTS No- 1 white. J7 par toas val la, ataisad. l:t: par toa COK V ho. a, 27; crack ad. $2 par tea. MILLFTr-FFS Bran. IIU per ton harts. l:2f 24 per ton: mlddilncs, 13 per ton. BARLEY Feed. 3.3 per ton: brew. In nnmln-l. mIII " ".I It J Mr tOO. HAT Eastern Oregon timothy, choice. OIT: mixed. SlOCJlS oo: oat ana , Italia, 112011: clever, ; straw, l-Ol FraHs aad Vea-etablea, 1 4.I.M.. nnatXtlBM! TROPICAJ. FRUITS Orange. Navels, IZ.oee4.0: Fionas srmocJ.ru.. e v -i,r m I'- Afnm is s7.OlliS Df DOS ; oiCily. l7.SOi per oox; plnieppie, , 8"e Per pound. . vvc.rTiBI . Artichokes. SOcwIl per doxen: sspsrasus Se pound: rsbbase. me per pound: cauliflower. Jictj II per doxen: celery. per crata; esspiaot, lie pound; head lettuce, ll.i crate; hothouse lettuce, 7&C0S1 per box: onions, green. SU&iSc per dosen: peas. StJI lc per pounu. (I'l1 w ne per lb.-, radishes. 2Se)SOe par doxen; rhu bert,. &tf4c er pound: rplna:h, 7 jc per box: sprouts. loe: tomaioea. aa pa- carllc. 3c per pound. ONIONS Oreson. bimOOc per sack: Spaa i. k u trkr rata. POTATOES Burbaaka 5e)S0s per boa dred; near. IVitfluc per lb.: sweat potatoaa .n rcr nound. GREEN FRUIT Apples. SOcffflSO par box. aceordtns to guallty; alrsa oemea, F!ortn. $3 p-r crate. ACK VEGETABLES Turnips. McOU per sack: parsnips. IMKfl par sack; ear- rota SUC0S1 per saca Dairy aaet Coantry P red oca. Local Jobbins Quotation: POL LTRV JI-ns. ltio, broilers, SOSSc; turkeys. Ite, Tic; drjHl, choice, Joe; ducka. ISBZOc: seese. i:ui:sc. BOOS r'resh oreor. rancn, 19ViO20e per desfn. CHEEEE Oregsa triplets. 17c; Toanf 'Americas, nomlnaL at UTTER Oreron creamerr butter enbee. Z3e per pound; prints. 14 v S3 Jo per pound. ruiih raocy, ltfizc per pouno. VEAL Fancy, lly, v14o per pound. Staple Ureesriea. Local Jobbing quotations: SALMON Colombia River, one-nousd tails, par doaan; half-pound fiats, 11.40: one-pound fiats, I J 44; Alaska pink, sne-pound talis, afrc; aUvarslda. one-pound tails 11.20. HONEY Choice, sl.280t.7i per case. NUTS Walnuts. I bo par pound; Brsstl aula, 12Hlae; filberts. 14 ft lc; slmonda ISc; peaouu. 50)oac: cocoanuts, WOcvtl per dosco. chestnuts, llv per pound; hick. srynuts, lOlOe; pecaaa, 17o; pin, lit 20c- BEANS Small white, S.ZSc: Ursa white, 44;: Lima. Site; pink. a.SSe; Mexican, 5c: bayou. 4. t&c SL'OAR Fruit and berry. $11.05; Honolulu plantation. 15; beet. 14.85; extra c, XI.53: powdered, barrsls. 1.1.30: cubes, barrels. lo.4 COKKEE Roasted, lu drums, 21 HO 40c per pound. SALT Oranluatsd. $14 per ton; half cresnd 100a $10 per ton; SO. $10.75 par ton; dairy, 112 30 per ton. RICE No. 1 Japan. 5fHe; cheaper gradea, 4Ho: Southern head. 60S0. DRIED FRUITS Apples. 10c per pound: sprleota, 12914c; peaches. 83110; prunes, Itallana. fee) 10c silver. 18c; flss, white and black. 9 o 7c: currants, ve; raisins, loo MuscateL 8tS7tc: bleached. Tbompaon. like; unbleached. Sultanas, 8o: seaded. 7H8Hc; dates. Persian. 7 9 per pound; fsrd. $1.85 per box FIGS Twelve 10-ounce. 85c; 80 8-ounca, $1.88; 70 4-ounce. $2.80; 30 10-ounoe, $2.25; looaa. 80-pound boxes, iYirfe; Smyrna, box-is, tLljjl.25: csndled. $3 per box, rroTtslaBa, Local Jobbing quotations: Tf a ire ia to 12 nonnda 1Oa20a: It t 14 pounds, 18 4 20c; picnics, 13c; cottage roll. 14C BACON Fancy. 18028c; standard, 110 24c; English. 1SH02OC LARD In tierces, choice. 141ic: com pound. 8 He DRT SALT MEATS Regular abort clears, UHvl&c; short clesr backs, 12 to 16 lbs, 14H5tec: ahort dear backs, 18 to 23 lbs, Hiiljsc: exports. 18018c. BARRELED BEEF Extra mess beef, $1: meaa beef. 118; plate beef. $21; rolled boneleaa beef, $30. BARRELED PORK Beat pig pork, $27; plckeled pork, S23. Uepav Wool aad Bide. HOPet 1012 crop. 102 18HC per pound; 1818 contract. 14c per pound. PELTS Dry. l-tliic' lambs, 25085O; full wool. $1,250 L35. WOOL Eastern Oregon, nominal; vallsy. lttp 2oc per pound. HIDES Salted hides. 120124e per lb.; sailed calf. 18el7Hc; salted kip. 12014c; zreen hides. 11c: dry bides. 21022c: ary calf No. 1. 25c: No. 2. 20c; aslted bulla to. MOHAIR 1K13 clip, .l-.'tyrw'.o per pound. GRAIN B AOs Buyers July. Ibdlvtas C o. b. Portland. Lie seed oil and Turpewttn. LINSEED OIL Raw. barrels, Beo; botUd, barrels, 88c; raw, cases, fllo; boiled, easaa 83c. OIL MEAL F. a. b. Portland works: Car lots. $33: i and lu-ton lor. $34: too lots. $o.V TURPENTINE Barrels, 59o; cases, 82c GASOLINE Nspths, In Iron barrala lac; In raeea. 28c: motor gaeollne. In Iron bar rals, 17c; cases, 24c; enslne dlsUllata, la Iron barrels, lo; In cases ISfec HEAVY DE.H.V.1D FOR, STEXL PRODUCTS Railways Repairing Damage Cansed by Bo- cent Fkwda NEW TORK. April 13. The steel market haa quickly returned to normal conditions, sfter dleorgsnlsatlon csuaed by the floods. A great deal of replacement work will have to be done, snd already orders are pouring Into the mills. It is understood that the Pennsylvsnta Rsllrosd will spend $8,000,000 on replacements and the Baltimore dt Ohio I2.0oe.000, and other roads In the flooded districts will hav to spend proportionate amounts. In other steel branches there haa been a big amount of new work contracted, among the orders being one for 1700 ton of struc tural shapes for San Francisco. Western roads are making heavy demand for track supplies because of the destruction by floods. Tbore Is a bis demand for products to re place. Railroada need spikes badly to re pair flood damage. The Increase In building tonnage on the Atlantic Coast hss been (Treat. Copper Is oeciucoiv rirra. tbough buying is leas active. Tin la firm. MILLS WOULD BUT OX FREE BASIS Small Trade Paaelng la Boston Wool Mar ket. BOSTON. April 12. The Commercial Bul letin says: Tariff discussion and analysis baa occu pied the major portion of the time of the wool men this week, although some busl nesa haa been done. Prices have been Ir regular and In many cases terms have been withheld altogether. Msnufscturers sre keeping close watch on the market and are attempting to buy on a free wool basis. In some rsns where sctusl necessity prompts the buyer he will pay the de.ilcra price as a rule, since only limited offerings of good wool are avail able News from the West Is very meager, tsrlff changea having apparently put a damper on purchaeee or tho new clip. Shipments from Boston January 1 to April 10 were Sr.60.S0$ pounda asainat 75,462. 478 pounda last year. Receipts. 51.218,354 pounds aialnac e0.s2o.O21 pounds laat year. Coffee Future. NEW YORK. April 12. Coffee futures opened bsrely steady at a decline of 14 to 14 points In reaponse to a shsrp break at Hamburg, renewed liquidation snd bear preasure. The close was steady st a net decline of 14 to IS points Sales 78,750 bags April 10:45c: May, 10.81c: July. , 10.14c; September, ll.OSc; October. ll.Osc; Decem ber and January. 11.11c: March. 11.14c pot easy. Rio 7a, 11c: Ssnlos 4a 12c. Mild dull. Cordova, HSJ17l,c Dried Fro it at New York. NEW YORK. April 12. Evaporated ap ples, quiet. Prunes. teady. Peachea, quiet. Movements of Vessels. Ravmond. Waah.. Anril 12. .'Snectal Steamer Raymond left for San Pedro at 1 P M. today. San Francisco. April 12. Arrrred Steam ers Wellington, from Naaalmo; Nana Smith. from cooa Bay; wataon. rrom Seattle. De parted Steamers Nebraakan. for Aalina Crux: Santa Crux, for Seattle: Manchuria, for Honskonc Daly Freeman, for Astoria: Tamalpata. ror Portland; eara star of Ice land, for Bristol Bay. Fernando d Noronha. Anrtl IS PamMt ttanta Roaalla. from Portland. Or., snd San Francisco for Belfast. battle. April IX Arrived steamers Cor- dots, from -N anal mo ; Slsak Oerman, from Hamburg: Atlas, from San Francisco. Sailed steamers Hvedca. for Honolulu: Clt of Seattle, for Skagwar. Victoria. M c. April iz. Armed Steam er Kentra I British , from New York. 1 anoouver. April IX. Arrived Steamers Argyll Olson and M ebony, from an Fran. cIscol Taceraa. Anrfl 12- Arrived Rrttiah steamer Titan, rrom Liverpool via Yoko hama; Ge-maa ateamer Karnas, from Du- pont: brkntin Arm sr. rrom can Fran cisco. The Pell wood baseball team would Ilk to hear from teams averaging II years. Call Sell wood, 202. CLIPPER SHIP OX WHICH ' ' A ; ,.-.- SsMOft AMV-'1''' VW : BRITISH FOUR-MASTED) BARK MESKOKA. Dozens on the waterfront yet remember the coming and going of the British bark Muskoka, as on her three voyage here she wa commanded by Captain Albert Crowe, who los t his life a week ago this morning, when aiding in floating the German bark Mimi from the beach north of Nehalem. , . The performance of the Muskoka Is credited to her master as well aa herself, and besides making a run from Cardiff to Hongkong In 8 5 days, she made one voyage from Portland to QueenBtown in 101 days and 20 hours and another over the same course In 103 days. She went from San Francisco to Queenstown in 6 days and again in 98 day. The best time from here was reeled off during a race between the Muskoka, German ship Heriogen Sophie Charlotte and the British ships Ardencral g and Marlon- Lightbody. STOCKS RALLY WELL Market Turns Firm With Good Gains at Close. SHORTS FORCED TO COYER Continued Buying by Ixmdon Is Source of Strength Demand From Abroad for Canadian Pacific. Pressure on Specialties. NEW TORK. April 12. After a further recession In the first hour to day, the stock market developed a firmer tone, and at the close there were some sains of a point or more. Helllnsr in the early trading appeared to be of the same character as during the last few days, due to the same In fluences. There was further selling of high-grade Issues, owing to the con viction that a readjustment Is necessary to conform to the basis established by the new Issues paying high rates. The result of this selling was again re flected In stocks, but to a lesser extent than yesterday. Important issues did not decline heavily, substantial losses being restricted to the new Industrials, among which there was further heavy liquidation. Rumely, California Petrol eum and Mexican Petroleum reached new low points. Agricultural preferred broke 31 points on the official state ment that the dividend probably would be passed. Bear traders, finding that they could make little impression on the standard stocks, showed some uneasiness and covering of shorts was largely re sponsible for the brisk rally which brought the week's trading to an end. Foreign buying was another source of strength. London has purchased stock so consistently on concessions re cently that Its course of action has be come one of the most Important factors of current trading. Canadian Pacific, In particular was In request from abroad and rose two points on the strength ol tnis demand. Predictions of a favorable bank state ment were fully realised, the actual table showing a cash gain of over 15,- 000.000 and a substantial addition to reserves. Bonds were Irregular. Total sales par value, Jl. 262,000. United States 8s declined ! on call on the week. NEW ISSUES LSETTLE STOCK MARKET Heavy Demands for Capital Forcing TJp In terest Charges, NEW TORK. April 12. The problem of enlisting new capital has again come to the fore in the securities markets. and its obvious difficulties have dis couraged speculative Interest. The terms announced for various new is sues, although not large enough In the aggregate to make -a formidable bur den on the market, were so significant of the reneral condition that a wide spread effect was produced. The sale by St. Paul of 130,000,000 of (4 per cent bonds, under a mort gage that haa required but I or Is per cent hitherto, and New York Cen tral s sale of one-year 5 per cent notes at a fractional discount, served aa no tice to the investment community that the scaling down of valuations -for fixed Interest-bearing securities must be carried further. Nearly all high-grade railroad bonds were affected, the 4 per cent Issues especially so. Heavy selling of the new Baltimore at Ohio convertibles. following the dissolution of the under writing syndicate and weakness of Pennsylvania shares, when an offering of S4d,000,000 of new stock to present holders at par waa announced, empha sised tho loss. In London underwriting syndicates are left with large proportions of un sold Issues on their hands. In Paris a sale of new government railroad bonds calls for a readjustment of prices of other high-grade bonds similar to that In New York. The condition, there fore, may fairly be called world-wide. It Is evident that the necessities of foreign markets, even in the event of assured European peace, are making such requisition upon capital resources as to force hlgrb rates for their employ ment either there or here. Falling off in American export of cotton and foodstuffs is serving, also, to impair this country's command of banking credits abroad. Blowing down of buslneas activity is proved by various Indications. March deliveries of copper, bowever, made a new monthly record. The Government's crop report gave a high condition figure for winter wheat. The stock market, with whatever warrant, regards the tariff bill as a basis for compromise on some rates and fears a lengthy struggle and un certainty. The coming conference over LATE ALBERT CROWE MADE PASSAGES THAT ARE YET TALKED ABOUT. Eastern railroad trainmen's demands, with the firemen's arbitration still un decided, suggests disturbing possibili ties. The Unicm Pacific dissolution problem again causes anxiety. CLOSINQ STOCK QUOTATIONS. Reported by J. C Wilson & Co., Lewis building. I8ales;ulgh. Low 77 li-kl TBT, jClose Amsl. Copper Co-.... Am. Csr & F., com.. Am. Can, com. ..... .j do preferred Am. Cotton OH. com.' Am. Loco., com. ....j Am. Suarar, com. ... Am- Smelt., com. ... do preferred ...... Am. Tel. & Tel Am. woolen, com.... Anaconda Mining Co. Atchison, com. ..... do preferred ...... B. a O., com. Beet Sugar Brooklyn Rapid Tr. . Canadian Pac, corn Central Leather, c. c. a a. w., com..... do preferred a, m. a st. p c. a N. w., oom..... Chlno Copper Chesapeake a Ohio. . Colo. Fuel a Iron, c Colo. South., com. . . . Consolidated Gas .... Corn Products, com. . do preferred Delaware a Hudson.. Denver a Rio O.. c. do preferred ...... Erie, common ....... do 2d preferred.... do 1st preferred..., Ot, North, ore lands.. Gt. North., pfd. ..... Ice securities Illinois Central Interurban Met, c... do preferred ...... Lehigh Valley Kansas City South... Louisville a Nashville M-, K. a T., com... do preferred ...... Missouri Paclflo .... National Lead Nevada Consolidated. New York Central .. N. Y., Ont. a West. Nor, a Western, c. . Nor. Psclflc, com . . . i, m. Xfll O C Cn 60H 60S, 36 97 501, 35 97 'se" "ii" 51 3tl 97 47 36 7s se" 7i 113 71 1 104 131 131 181 1.11 38' is 38 38 102 102 102 102 1W 98 99 99 34 91 81 U M I i 239 240 141 25 241 20 25 15 29 109 109 110 138 43 6714 33 4s 42 68 84 41 67 33 42 68 34 1 182 132 132 132 11 11 10 10 65 160 21 37 30 87 47 85 87 30 "4 ii" 88 87 80 47" 86 86 29 47" 85 127 H 128 127 9" 128 25 1194 119 119 17 17 17! 1' BS 159 1S3H 160 133 159 23 133 133 26 26 88 17 6 26 63 38 SO 17 17 17 103 y 103 103 102 31 31 31 106 116 116 116 116 iii 26 iis iis" Pennsylvania Railway; 114 112 p. u.. Ltt a uoka 10.. Pressed Steel Car, o. do preferred ...... Ray Cons. Copper .. Reading, com do 2d pref. do 1st prof. Rock Island, com ... do preferred Bt. It. a 8. F., 2d pf. do 1st pref. St. L. a S. W., c. .1 naM.A 27"' 19 27" 37 27 98 1! 19 19 105 166 166 92 ' 23 'is" 92" 22 25 30 82 92 22 57 80 73 82 22 as 80 30 Southern Pacific com 100 101 100 101 Southern Railway, o. do preferred- ...... Tennessee Copper . . Texas a Paciflc ..... Tol., St. L. a W- c. do preferred ...... Union Pacific, com. . do preferred ...... U. S. Rubber, com... do preferred U. S. Steel Co., com. do preferred ...... Utah Copper Virginia Chemical .. Wabash, com do preferred Western Union TeL . Westlnghouse Elec . Wisconsin Central, c. 26 79 36 18 10 24 is' is" 1G2 '65 "62 153 152 153 66 62 "65 "62" 108 64 ea 63 108 2 108 ioa 108 04 04 S4 35 3 11 68 64 52 64 64 64 Total sales for tho day. 137,700 snares. BONDS. NEW YORK. April 12. Closing quota tions were: U 6 rel li reg..l0OiN Y C sen 3e. 4 do coupon ...100 No PacFflc 3s... 67 U S SVreg 102 No Pacific 4s... 94 L j,. ioi2 l!nlon Pacific 4. 96 U 8 new 4a re8.13wis Central 4s. 0B Lo coupon .. .iiaa, Stocks at Boston. BOSTON. April 12. Closing quotations: Aioues 37 IMohawk 53 Amalg Copper.. 77Nevada Con 17 A Z L a Mm... 28NiplsIng Mines. 9 Arlsona Com .. 3.North Butte..... 80 B a C C a S M. MS i North Lake 1 Cal a Arizona.. 66 Old Dominion... 4 Cal a Hecla 485 Osceola 90 Centennial 13 iQulncy Tl Cop Ran Con Co 45 Shannon 11 E Butte Cop M. 12'Superlor .... 8J Franklin 6ISup a Bos Mm.. 3 Olroux Con .... 21 i Tamarack 32 Grsnby Con ... 61iU S S R a M... 41 Greene Canaries. 7 do preferred... 48 1 Royalle (Cop) 2!iUtah Con ...... Kerr Lake. 3iUtah Copper Co. 53 Lake Copper IT Winona 3 La Salle Copper 4 Wolverine 61 Miami Copper. . . 25 I Money, F.xchange. Ete. NEW YORK. April li Money on call, nominal; no loans. Time loans, steady; BO days, 4 per cent; 90 days. 4 65 per cent; six months. 4 '"prime" mercantile paper. S6 per cent. Sterling exchange weak, with actual busi ness in bankers- bills at 34.8310 for OO-da, bills and at J4.S650 for demand. Commercial bills. 84.82. Bar allver. 60c Mexican dollars. 48c Government bonds, steady: railroad bonds. Irregular. - LONDON, April 12. Bar silver steady, 27 ll-16d per ounce. Money. 863 per cent. The rate of discount in the open market for short bills is 4 per cent; for three months' bills. 4 1-6 per cent. av wraxCISCO. April 12. Drafts, sight 5c. telegraph 2 c. Sterling on London, 60 days, 4.S3; do. slgnt. st-o-. Condition of the Treasury. WASHINGTON. April 12. The condition of the United States Tressury at the begin ning of business today was: Working balance 8 T9.442.603 In banks and Philippine treasury 43,309,234 Total of reneral fund 149,086.262 Receipts yesterday 2.324.387 Disbursements 2.496.3S5 The surplus this fiscal year Is 814,778,733, ss against a deficit of 811.372.250 last year. The figures for receipts, disbursements, surplus and deficit exclude Panama Canal snd pubUc debt transactions. Bops a Kew Work. , NEW YORK. April 12. Hoja Quiev RESERVES ARE LARGER SEW YORK BASKS' CASH GAIN" OVER. FIVE MII-UOXS. Lou ii IJocrease for Week; Ia Small, future of Money Market De pends on Interior Demands. NEW YORK. April 12. The state ment of the actual condition of clearing-house banks and trust companies for the week shows that they hold $14,904,450 reserve In, excess of legal requirements. This is an Increase of M.681.6S0 from last week. The state ment follows: Increase Loans tl.10,409,0n0 MlmooO Specie 828.389. 000 2,691,000 Legal tendera 82.497,000 2.404.000 Net deposits 1,753,683,000 2,143,000 Circulation 46,328,000 -38.000 -Decrease-Banks cash reserve In vault, $347, 319,000. Trust companies' cash reserve In vault. $63,677,000. Aggregate cash reserve, $410,896,000. Excess lawful re serve $14,904,450; Increase, $4,681,650. Trust companies' reserve with clearing house members carrying 25 per cent cash reserve, $47,7J3,000. Summary of state banks and trust companies In Greater New York not in cluded in clearing-house statement: Increase. Loans $571,137,000 $1,231,800 Specie 64.870.500 28.900 Legal tenders 8,408,200 304.000 Total deposits 625,942,900 900,100 Decrease The Financier says today: The chief point of Interest In the statement of the clearing-house banks of New York for the week ending April 12. was the gain of $5,095,000 In cash. This was a little larger than anticipated and since the changes in the other items affect ing reserves were unusually small, practically all the cash Increase went to swell the surplus reserve, the ex pansion in that item for the week hav ing been $4,681,650. bringing the pres ent surplus above the 25 per cent min imum to $14,904,450. Loans were de creased by $1,216,000 and deposits, part ly in consequence of cash receipts, in creased $2,143,000. The banks, in conse quence of receipts from the Interior and also because of cessation of gold ex ports, are in a very comfortable posi tion at present, but the immediate fu ture of the money market depends to a great extent on the amount of money which the interior will draw from this center as the Spring season advances. BAN FKANXISCO PRODUCE MARKET Prices Quoted at the Bay City for Veg etables, Fruits. Etc BAN FRANCISCO, April 12. The follow ing produce prices were current here to day: Kruit Add lea choice, 60c: common, 40c; Mexican limes, $5.506; California lemons. choice, 36; common. S2: navel oranges. 81.-' a 2- nlneaDoles. 82.80 4. ' Cheese New. 1213c; Young Ameri cas, 34 a Butter Fancy creamery, 27a Eggs Store. 18c; fancy ranch. 19c Hay Wheat. 823 025; wheat and oats. S21.SO022; alfalfa. $13 16; barley, S1819. Potatoes Oregon Burbanks, 55 65c; Sa linas Burbanks, 85cgpil.lo; sweets, )l.Ml 2.75. Vegetables Cucumbers, $1.753; green peas, 4iZ5c; string Deans, nominal; egg plant, nominal; onions, 50 60c Receipts Flour, 4002 quarters; barley, 1310 centals; potatoes, 1160 sacks; hay, 271 tons. PLANS BIG PROGRAMME Eight Bouts a Xlght to Be Staged ot City Championship. At least eight bouts a night, involv ing the best amateur boxers in the city, is what Frank Harmar, of Multnomah Club, promises the public in the city championships of Thursday and Fri day night in the Winged "M" gymna sium. Every Multnomah Club boxer of prominence will appear on the pro gramme. Knowlton and Schmeer, at 135 pounds; Belmont, 108 pounds; Wil liams, 115 pounds; Powers, 125 pounds; Madden, 158 pounds, and Miebus, heavyweight, are prominent Multno mah scrappers. Mike Butler is expected to enter Ma loney and Allen, his 125-poundera, and Cronquist, sv 135-pounder, in the meet, while Al McXeil may sport his colors. O'Brien, 135-pound, unattached boxer; Hill. 115-pounder. from Brooklyn Club; Driscoll, 125'- pounder; Larin, 125 -pounder, and Boatright and Neely, 145 pounders, all from the same club, are probable entries. The Armory Ath letic Club is expected to have entries. An Enrllsh correspondent notes in "Curl on Condensations" the statement made that "The appellation 'Reverend' is purely one of courtesy, without legal warrant." and remarks. "I suppose this means in the United States. It may not be generally known that in England the clergy of the Church of England and the Church of Rome have a legal right to the title 'Reverend.' The ministers of the different Protestant bodies, .however, hare no legal right to the title. Accordingly, to English law, they are merely laymen." WHEAT CENT LOWER Fine Weather Forecast Sends Prices Tumbling. ONLY ONE BRIEF RALLY Decline in Chicago Market Kot Checked by Decrease in Kngllsh Visible Supply Coarse Grains Also on Down Grade. rmrifio. Anrll 11. A forecast of fine weather all over the country for the next few weeks sent wheat values i t -A .lnalnr nrirtAB todBV Were about the loVest of the session, the range being from Ho to T4lo net loss. Corn had a net decline of HQ'ttC oats were down c to i.c, out. pro visions were a shade lower to 10c higher. The best show of strengtn mauo uj wheat was shortly after the opening, i. e a lilllinsr frost in Kansas, there was some buying. The rally was brief. Profit-taking sales soon caused a reaction below the open ing figures. Foreign markets were generally a shade easier. A decrease in the EngliBh visible supply 1.665,000 i u i -,tnoi an Increase of 239.000 bushels for the same week last year did not serve to cnecK ine aecnuo uco. Tx.ln.a-v .uDlnt, nf whpat were 436.- 000 bushels against 260,000 bushels a year ago. Seaboard clearances or wue.i and flour equalled 610,000 bushels. Corn was dull throughout and weak ened sharply at the close, which was at the lowest figure of the day. TlnnM,llnn In MV OStS Oil SCCOUnt of good weather depressed prices in the other futures aiso. .-. ,, i Vtvono-th on coy rrDYiaiuiio nui, v. b.. erlng by Shorts. There also was some new Investment buying. The bullish livestock report by the Government was still a factor In tne upturn in pno. The leading futures ranged as follows: WHEAT. rtnan HI eh. Low. Close. May .91 s .81 ' -. July ...... .! Sep! ...... .893. .8KT. ! CORN. Hat B5 .S6H ,R54 .fB July 56 ,fJ4 .J Sept. 01 -"is , - OATS. May gXW .8S .85 .TO July ...... .88 .34$ -US Sept. ..... e IS MESS PORK. May 19.95 20.02H 19.?Ztt li2 Jul? .v.... 20.12 20.20 20.10 10.12 bepr. i.tfi u.vv LARD. May .. ..1100 11.00 10.92 l-9 May lk-u. 11.00 10.95 10.95 Sept. .I.-.ILOO 11.02 10.95 10.9S SHORT RIBS. May 11.82 118T Jl.JO . .fuli 11.12 11.20 11.10.. 11-18 gept. ......10.92 11.00 10.M- V. UQ DIUI ws. .Teaa Corn,. NO. .. 6657c; No 8 white. 545Bc; N...8 white, 855c; N.. 8 yellow. 04 woo. 71 ,, iifflae. 4 white, B055c; No. 4 yellow, 6354c. Barley, 45 60c. Tlmothyseed. 82.758.B0. Cloverseed, 115.00 21.00. Rye, No. 2, 63c. Grains In San Francisco. AN FRANCISCO, April .IJSpot Quota tions: Walla Walla, $1.56 l o7 ; red Russian. l.saei;0&jrurkey red, 81.75 1.77; bluestem. $1.75 1.7 1 : -eed 81.37 1.40;' brewing barley. $1.47 f white oats, l.S761-60: bran, $23.50 24. middlings. $30ff31: shorts. 825.50 26. Call board: Wheat steady. ON trading Barley, steady. December, $1.38; May, $1.40. Pnget Sound Wheat Markets. T STOMA. Asrll 12. Wheat Bluestem, 95ortyfold. S78So; club, 8785c; red nfv..it!iv ear reeelots Wheat, 18; oats. 1, rye, l; hay, 7. SEATTLE, April 12. Wheat Bluestem, 97c; fortyfold, 87 c; olub. b6c; life, 86o! red Russian, 85c European Grain Markets, LONDON. April 12. Cargoes on passags quiet; buyers reserved. English country markets, firm. French country markets, firm. LIVERPOOU ApriT12. Wheat Slot steady. Futures easy. May 7s Sd; JulX. S lid; October. 7s 8d. Minneapolis Grain Market. MINNEAPOLIS, April 12. Close: Wheat May. 86o: July, 8SS8c; September, 89ic: Cash No. 1 hard, SSe; No. 1 Northern, S687!.c; No. 2 Northern, 84 85c; No. 2 hard Montana, 8ic; No. 8 wheat 8283c. No. 8 yellow corn, 5353c; bran, steady; flax, $1.28 X; barley, 40 70c CATTLE MARKET IS OFF PRICES 10 TO 15 CEXTS WWHR AXD DE5IAX LIGHTER, Hogs Fairly Steady at Close of Week. Pull Values Maintained In Sheep Market. Aside from the sale of two loads of shorn lambs at $7 and a bunch of light weight hogs at $9.15, but little business was done in the half-day the yards were open yesterday. Receipts for the day were 307 cattle, 498 hogs and nine sheep. The snippers were: a. jm- uisr, Krupp, Wash., one car of hogs; A. B. Gale, Alrlie, one car of hogs; A. R. Mitnhall. Montague. CaL, 12 cars of cattle; C. E. Lucke. Canby, one car of sheep and hogs; O. E. weed, Shoshone, one car of bogs, and Schooler & Com pany, Buhl, Idaho, one car ol nogs. The day'a sales were as follows: Weight. Price. 98 hogs 1" $1 8 hogs 8 8.15 5 hois 230 8.05 100 lambs 2 7.00 201 lambs $4 7.00 The official weekly market report follows: "Receipts for the week have been: Cattle 1670, calves 156, hogs 3226, sheep 2573. horses eight. "Cattle market steady to a. shade lower. The yards were filled with a very liberal run. Trading waa ex tremely active the first period, but lost prestige toward the close- only one load of prime steers sold at $8.25 Mon day. Bulk of sales averaged from $7.60 to $7.90. Weight decreased and beef quality graded medium to good. Butch er stock sold well throughout, especial ly cows and bulls. Bulk of cow sales ranged between $6.50 and $7.00 with a few small lots realizing over 7 cents. Bulls are firm, but a slight loss to the veal trade shaded the $9.00 top to $8.76. Generally the cattle market is off 10 to 15 cents with demand not so urgent $8.00 to $8.15 for best steers; $7.00 to $7.15 for cows; $8.00 to $6.25 for bulls, and $8.75 for calves are extreme quo tations. "The hog market was shattered in quick time after buyers commenced hammering the high level of last week. Falling Eastern markets, together with liberal liquidation gave them an oppor tunity to lower bids and thereafter the decline was rapid. From the unsteady Monday top of $9.60 prices hit bottom at $9.30 Wednesday and Thursday. where It settled temporarily at least All grades of swine decreased propor tionately with the best light variety and Is still on unsteady basis. "Mutton buying was limited to a half dosen cars of wethers, ewes and lambs, all selling at recent high prices. Wool wethers at $7.25 and ewes at b.z in dicate the range in prime stuff. Best lambs sell easily at $S.0O. All sheared stock $1 less." The following sales are representa tive of the week's trading: Weight Price. 27 steers 1030 $8.25 49 steers 1060 8.10 7S ateers ..HSS 7.S 141 steers 1097 7.75 2 heifers T2S .75 8 cows 1048 7.S0 7 cows 1090 7.L' 5 78 cows .............10S8 T.1S 2 calves li 900 43 cm Ives , ITS 8.75 t bulls 1S0 .:& I bulls 1630 6 75 m hogs 1T1 .6I 363 hogs 1" 501 hogs 1M 9.40 4S3 hogs l-9 9.30 30 lambs '.. 5' 00 0 Spring lambs 79 7.00 612 young wethers "5 477 Ewes 94 .:5 The range of prices at tne yards wa as follows: Choice steers 9.8tJ.lx Choice cows ..5 7.1.1 Medium steers 7.a0y 7.75 Choice cows 76f 7.15 Good COWS ..................... 6.50O 6.75 Medium cows 6.00-9 6.50 Choice calves $.00 O.Ofl GoJd heavy Calve S?f J-? Bulls .......................... 5.509 6.28 Llght'T! L - .00r 9.3.1 Heavy 8.00 8.75 Sheep Yearling wethers 8.25 7.25 Ewes - -5i(r 4.-5 umbi 7.00 8.0O Omaha livestock Markets. SOUTH OMAHA, April 12. Cattle Re ceipts. 200: market, steady. Native steers. t7.608.0; native- cows and heifers, $0 .15; Western steers, 6.75S.25; Teiaa steers. $67.75; Tevas cows and heifers. So. 5037.i5; calves, 87S9.50. Hogs Receipts, 8800; market, aeUve. Heavy. 8.S5fe'S.l0; light. $S.9."if 11.05; pigs, 87.7588.50: bulk of sales, $S.90r. Sheep Receipts. HOO; market, steady Yearling, 7.508; wethers. $ti-S57.40; lambs. 88.15 8. Chicago Livestock Markets. CHICAGO. April 12. Cattle Receipts. 200; market, slow, steady. Beeves, Ji.304y 9.20; Texas steers, 8.S07.PO: Western steers, $7S.15-, stockers and feeders, 8S.S0 4J8.10: cows and heifers, $3.08.40; calves, BoSs Receipts. 7000: market, strong to 3c higher. Light, .108.40: mixed. 89 9.40; heavy, $.S39.32Vi ; rough. IS-SOW $.r; pigs, 8769.30. bulk, of sales, $9.20 8.35. Sheep Receipts. 2000; market, steso) Native, $0.25437.40: Western, $.307.4O; yearlings. $ti.7o8.50; laraba, native, $6.75 &V.25; Western. $7 4ji9.25. Cotton Market. NEW TORK, April 12. Cotton closed steady at a net loss ot 11 to 22 points under liquidation and bear pressure. April, 11.98c; May, 11.84c; June, 11.85c; July, 11.83c; August, 11.71c; September, 11.47c: October, 11 40c; December, 11.43c: January, 11.89c. Spot closed unlet. Middling uplands, 12.60c; do. gulf, 12.75c Sales, 100 bales. Metal Markets. NEW TORK, April 12. The metal mar kets were quiet and virtually nominal al usual on Saturday. Lake copper, 15.75; electrolytic, 15.62H; casting. 15.87 H. Iron unchanged. New York Sngar Market. NEW TORK, April 12. Raw sugar, barely steady. Muscovado, 2.83 2.86c: centrifugal. 8.33 a 3.86c; molasses sugar, 2.5S(ij 2.01c. Re fined, quiet Chicago Dairy Produce. CHICAGO. April 12. Butter, steady. Creameries, 2734o. Eggs, steady; receipts. 17,502 cases; at mark, cases Included. 174 13c; ordinary D ninth linseed Market DTJL.TJTH. Minn., April 12. Close: Lin seed, 81.254 61.26; May. M.26; July. $1.29 asked; September, $1.81; October, $1.30 asked. Wood at Bt Louis. ST. Inl8, April 12. Wool, steady. Ter ritory and WeBtern mediums, 2125c; fine mediums. lS20c; fine, 1817c. o It's a pleasure to inspect the Mtulithio streets of Portland and note how dura ble and perma nent, yet how smooth and beautiful they are. o o OVERBECK & COOKE CO. Broken, atoeka. Bonds. Cettes. Grain. Kte. 118-217 BOARD OP TRADE BLPO. UEHBEK3 CHICAGO BOARD OP THAOB. Cerrcapeadeata ef Vmmm at Bryaa, Caicaae and New York. MEMBERS New Twrk Stock Exchange, Cbleagro Stock fixesuge, Boatoa Stock Exchange, Chicago Board of Trade. New Vork tot too Exchanra, wew Orleosia Cottoo Exchaogo. Kew York Coffee Exebaoao. New York Produce Exchange. Liverpool Cotton Aso'a. EASTERN STAR A NEVADA GOLD AND SILVER MINIS OP AMAZINO PROMISE. This mine, 'which is developed to a depth of nearly 200 feet, has a most remarkable showing of high-grade gold and silver ore, and Is under the man agement of eminently successful min ing men. EASTERN STAR will soon be come one of the greatest gold and sil ver mines of Nevada, and everyone who secures stock of the company now is certain to realize enormous profits within a few months. Write us today for full particulars about the EASTERN STAR MINE. THE G. S. JOHNSON COMPANY, Mining Investments. 042 phelaa Building, San Francisco, California. J.C.W1LSON&CO. STOCKS. BONDS. OBAIN AND COTTOM MEMBERS TEW YORK STOCK ZXCRAXOB, KtW YORK COTTON KXCHANL.S, CHICAGO BOARD OF THA1IB, XHJC STOCK AND BONO KXCKANQJ8, BN t RAN CISCO. POETLAND OFFICE: Lewis Building, 269 Oak Street, Phones Marshall 4120. A 4187 TRAVELERS' GUIDE. COOS BAY LINE KTEAMtB BREAKWATER sails from Alnsworth Dock, Portland, at A. M-. April 9, 18. 28, 30 snd thereafter every Wednesday morning at 8 A. M. Freight received daily except Tuesday up to 5 P. 1 Tuesdays up to S P. M. Passenger fare: First-class, $10; second-class, 17, Includlns berths and meala Ticket office at Alns worth Dock. The Portland Coos Bay S.S. I. Ine. L. H. Keatinx. Asent. Phone Main 1600, A 2332.