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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (July 13, 1913)
iTfTfi SUNDAY OREGONIAX, PORTLAND, JULY 13, 1913. 15 JULY CARGOES BIG Lumber Carriers Again Gathering in Port. Are CEREAL SHIPMENTS HEAVY Mill Froducts and Grain Promise to Make This Good Month on Port land Waterfront Record of Last Year' May Fall. Lumber carriers are again gather ing in port. Heavy shipments of cereal are assured this month and large car goes of mill products will help to swell the July total. The first arrival yesterday to figure in the fleet that will carry lumber to other than Pacific Coast harbors was the schooner Robert Searles, hailing from Honolulu, which 1s to leave up today to load at the Portland mill for 'the return voyage. The British steamer Colusa, under orders to load for the Panama Canal, arrived in the river after the Searles. The British steamer Harpalyce, chartered by the Royl Mail line to load for the Far Kast, reached the river at midnight and was under way from Astoria at 6 o'clock, reaching here in the afternoon. She will work a small amount of lum ber, taking general cargo mostly for tne Orient. The Danish steamer Arabien is here working 4,000, 000 feet of lumber for t-hlna; the schooner Sehome is load ing at the Portland mill for Chile; the barkentlne Lahalna will be in the har bor next week to load for South Africa and others are due to Join the lumber fleet. Vessels that have cleared this month with whole or part cargoes of lumber have been the Japanese steamer frenju Maru, for Tslngtau, with 3.255,- b80 feet; barkentlne Amazon, for Val paraiso, with 1,200,000 feet; Norwegian (learner Arna, for Swansea and Lon don, 1,500,000 feet: Falls of Orchy and fiaxonla for the Orient with parcel lots, and the schooner Kona, for Callao, with 700.000 feet. In July, 1912. 6,780,253 feet was ex ported and 11,283,000 feet went to do mestic ports, and the indications are that the present month's total to all ports will show an appreciable advance. I-rXCIiEOX ABOARD COLUSA iraoe & Co. Will Entertain Shippers on 'ew Vessel. Through the Chamber of Commerce invitations have been issued by W. R. Grace & Co. to shippers for a compli mentary luncheon to be given aboard the British steamer Colusa, at the dock of the Portland Lumber Company to morrow. Grace & Co. arranged for the luncheon in appreciation of courtesy ac corded their representatives when here recently on business dealing with a plan under way to establish a perma nent service between the Atlantic and Pacific ports. The Colusa sailed from Tacoma at 3 o'clock Friday afternoon and it is supposed that she proceeded to Victoria to coal, as she was not reported passing Tatoosh. The vessel Is looked for In the river today and will proceed at once to the Portland mill, where she is to load a large order of lumber for the Government to be used on the Panama Canal work. While the Colusa will not operate in the coast-to-coast line, as she is under the British emblem, Grace & Co. expect to retain her :n the regular trade to Central and South America. As she i3 on her maiden voyage and represents the latest in freighters, it is desired that shippers be given the opportunity to inspect the vessel. STKAMKR MODOC PURCHASED River Carrier to lie Taken to Puget Sound Shortly. As soon as fuel oil tanks are installed and the vessel strengthened and pro tection provided on deck against any rough weather that might be met with, the steamer Modoc, long a fixture in the 'Willamette River fleet, will be taken to Puget Sound to be operated in the future by the Skinner interests. She has been sold by Captain Kxon and associates and is now at Supple's dock, where the work will be carried out. The Modoc was built in 1898 by the Oregon Railroad & Navigation Com pany and operated on the Upper Wil lamette. During the last few years she was under that flag, her duties were not permanent and it was decided by the railroad interests to sell her "and the steamer Ruth, the Modoc heincr taken by Captain Kxon and others and placed on the Portland-Lewis River route, wnere she remained until a. fe weeks ago, when the steamer G. M. Walker, renamed the Woodland, was pressed into service and the Modoc re tired. The Ruth was sold to the Wil lamette Transportation Company and runs Detween t'ortland and Oregon POIJ.Y KATS HAT TRIMMINGS Bird on Beaver Devours Bunch of Artificial Cherries. wu me steamer Beaver is a parrot whose digestive organs are to be pre served at his demise, which may not be prolonged, so that scientists may glean knowledge of what a variety of articles unfit for food such a bird can devour witnout apparent harm "Pol" is the property of Tom Rranr. wine, steward of the flagship, and be cause of his position aboard as ward of the head of the culinary department, Pol" takes himself seriously and as sumes that anything within reach that resembles an edible is for his indi vidual consumption. Accordingly, when mo rseaver was on the way up the river r riaay, "i-or" climbed to a worn an s nat nanglng - on the wall and gorged himself with artificial cherries usea tnereon for decorative nurnnsra It was learned here that the owner of the hat left it on the ship the last time she was in port, so appeared at the dock to claim her property. The hat was listed among lost articles and as such found its way to the office of the steward to await a claimant. There mi s appetite was appeased and now the bird is being watched closely, for if . he survives the artificial cherries he may not hesitate to eat bolts and rivets out or the steel partitions. M'XSMAXX WAS OLD TRADER Schooner Lost at San Francisco Louded Here In December. leep interest centers in the outcome of the accident at San Francisco yes terday through which the schooner J. H. Lunsmarin, coal-laden from Aus tralia, was struck by the steamer Fran cis H. Leggett, and sank, as both ves sels are well known here, tha Luna mann because of frequent voyages she - has made in the lumber trade and the Leggett because she has been in the Coast fleet operating between Portland and California ports since her construc tion. The Lunsmarin was here In December and loaded lumber for Australia. Cap tain Weitkunat. her master, is the prin cipal stockholder. The Lunsmann was built at Everett, Wash., in 1902. and was 216.6 feet long, 40.8 feet beam and 17.6 feet depth of hold. Some believe that she can be floated if flot badly damaged. CARLSON' YET OX LAHAINA Master Who First Brought Barken tlne Here Lauds Vessel. Captain Carlson, who brought the barkentlne Lahaina here in 1904 to load her first cargo out of Portland, she then being new and rated one of the smartest of her class afloat, is yet in command of the carrier and on his ar rival yesterday from St. Helens pro nounced the Lahaina the same clipper windjammer as of yore. The barkentine came this time from Australia, via the Hawaiian Islands, and will load with lumber for South Africa. She has been sent to St. Hel ens to have a new mainmast stepped and is to be drydocked for cleaning and painting also. She has a capacity of 1,350,000 feet and has proved a speedy sailer. Captain Carlson has been a skipper 22 years and so far the La haina has known no other navigator. Bark to Go On Drydock Here. The last of the ballast the Norwegian bark Marco Polo loaded at Caleta Buena for the voyage to Portland was discharged yesterday afternoon at Linnton and she is being prepared to enter the Port of Portland drydock for cleaning and painting.. The Marco Polo loads old crop wheat for the United Kingdom and may be the only windjammer to sail this month with cereal, though the Inveresk is fully due. The Merchants' Exchange received word yesterday that the Brit ish bark Killoran, which left here with a wheat cargo January 30, had report ed at Falmouth July 11. In another month there will be a larger fleet of square-riggers under way and some may gain the river, though new crop wheat will not be received at tide water in large lots until September. Boy's Body Found. ASTORIA, Or., July 12. (Special.) The body of a 5 or 6-year-old boy was found last night in Deadman's Cove, a short distance north of Cape Disap pointment, Wash. It is supposed to be that of Donald Murchison, the 5-year-old son of Captain Murchison, of the schooner Dauntless, who fell overboard from that vessel about May 16. Marine Xotes. Two coasters got away yesterday for California ports with cargoes and pas sengers, the San Ramon and Klamath. The former cleared with 740,000 feet of lumber, 250 tons of oats and bran and 34 tons of general. To have repairs made to her pilot house .which was damaged a few days ago when struck by a falling derrick, the tug Charles M. Greiner went to Supple's yard yesterday. Owing to the amount of business han dled during the week on the regular run, it has been decided to eliminate Sunday excursions to Vancouver on the steamer America. Launched Friday, June 13, with 13 letters in her name and 13 signal flags flying from the upper works, the steamer Rosalie Mahony, of the Olson & Mahony fleet, will add another 13 to her record when she leaves Aberdeen, Wash., today for San Francisco to have her machinery installed. Th'ere has been no change in the speed with which the Willamette Is receding here, and the stream was reg istered at 16.2 feet above zero yester day morning. It is falling about five tenths of a foot every 24 hours. Owing to Increased business on the Portland-Astoria route the steamer Undine, of the Kamm line, was ordered into commission yesterday and went a short distance below the mouth of the river to transfer freight to the Lurline. which was late. Bringing 1700 tons of cement and general cargo the steamer Stanley Dol lar, now operating in the Arrow Line fleet, is due In the river today. The gasoline sloop Ahwenada cleared yes terday for Newport with 64 tons of merchandise, 18 tons of, bricks and eight tons of oil. Movements of Vessels. PORTLAND. July 12. Arrived British steamer Harpalyce, from San Francisco steamer Breakwater, from Coos Bay. Sailed Steamer San Hamon, for San Francisco; steamer Klamath, for Los Angeles. Astoria, July 12. Arrived at midnight and left up at & A. M. British steamer STEAMER INTELLIGENCE. Dae to Arrive. Name. From. Data. Beaver. ....... Los Angelas. . In port Breakwater. . . .Coos Hay. .... In port Roanoke San Diego. ... July 13 Alliance Eureka July 14 Sue H. Elmore. Tillamook July l. Bear Los Angeles. . July 16 Qoo. W. Elder. .Han Diego. ... July 21 Hose-City Pedro. ... July 21 - To Depart. Name. For. Data. Harvard S.F. to L.A.. . . July 14 Breakwater. .. .Coos Bay July 14 Yale J5.lt to L.A July 16 Merced Los Angeles. .July .16 Sue H. Elmore. Tillamook. ... J uly ID Beaver Los AnKeles. . July 19 Hoanoke San Diego. .. .July Id Alliance Coos Bay July 17 Bear Los Angeles. . July 21 Rose City. . . . . .Los Angeles. . July 2tl Geo. W. Elder. .San Diego July 23 European and Oriental Service. Name. From. Date. Harpalyce San Vranclsco.In port C. F. Laelss. . . .Hamburg. ... .July 29 Crnol C'stle. . .Antwerp. . ... Aug. 15 Brlsgavla Hamburg Aug. 27 Vestalla London .Sept. 2 TJckermark. ... Hamburg. .. . Oct. 1 Name. Harpalyce. . . C. F. Laeis. . BriBgavla,. . . , Vestalla Uckermark. . For. . Orient. . . . .Hamburg. .Hamburg. . London . . . . Hamburg, Date. July 22 ....Aug. 1 ....Sept. 1 . . . . Sept. o Oct. 8 Harpalyce, from San Francisco. Sailed at 5 A. M. Steamer F. S. Loon, for San Fran cisco; steamer Saginaw, for Redonrlo: sailed at 8 A. M. Schooner Kona, for Valparaiso. Arrived at 8:20 and left up at lo A. M. Steamer Breakwater. from Coos Bay; ar rived at 2 P. M. Schooner Robert Searles, from Honolulu; arrived at 3:30 British steamer Culusa. from Tacoma. San Francisco, July 12. Arrived Nor wegian steamer Arna, from Portland, for Swansea. San Pedro. July 12. Sailed Steamer Bear, for Portland. Falmouth, July 11. Arrived British bark Killoran, from Portland. Noumea. July 11. Arrived Schooner Robert H. Hind, from Portland. Eureka, July 12. Sailed at 8 A. M. Steamer Alliance, for Portland. Shanghai, July 10. Arrived British steamer lnverkip, from Portland. , Honolulu, July 11. Sailed Schooner Omega, for Columbia River. Aberdeen, July 11. Arrived Steamer Ne halem, from Portland. San Francisco, July 11. Sailed at 8 P. M. Steamer Johan Poulsen, for Portland Ar rived at 10 P. M. Steamer Paralso, from Portland. Seattle, Wash., July 12. Sailed Steam ers Dolphin. Humboldt, Skagway, Mariposa, for Southwestern Alaska; Jeanle, for South eastern Alaska. Port Ludlow. July 12. Sailed Schooner Lizzie Vance, for San Francisco. Tacoma. Wash., July 12. Arrived Schooner A. F. Coats, from Hilo. San Francisco. July 12. Arrived Steam ers Mexican, from Salina Cruz; El Segundo. from Seattle; Claremont, from Wlllapa; G. W. Elder and Arna (Norwegian), from Port land. Sailed Steamers Col. E. L. Drake (barge in tow) and President, for Seattle Speedwell, for Bandon. SUGAR UP MONDAY All Grades of Refined Will Be Ten Cents Higher. LARGER ADVANCE EXPECTED Eastern Markets Have Been Steadily Advancing In Past Week Heav ier Consumptive Demand Is Reported. An advance of 10 cents in prices of all grades of refined sugar was an nounced by jobbers yesterday to take effect Monday morning. A 20-cent rise had been expected, in view of the re peated advances in the Eastern market in the past few days. Mail reports indicate a heavy de mand in the Kast for refined, which has had its effect on raw sugars, the course of which has been steadily up ward. Commenting on the situation a sugar authority says: "An indication of sellers' confidence In their position is found in the fact that, according to the reported trans actions, the advances paid by buyers of raws this week brought out only about 12.000 tons Cubas and 600 tons Porto Rlcos, which is a sraall quantity indeed for this season, when the melt ing requirements of refiners are very heavy and will continue so for some time. With reference to the possibility of any pressure being exerted by Javas in this market during the remainder of the year, our recent mail advices state that such a contingency seems too. remote to be worthy of the least apprehension." Total stocks in the United States and Cuba are figured by Wlllett & Gray at 656,832 tons, an increase of 316,111 tons from last year. Estimated afloat to the United States, 86,000 tons, against 130, 000 tons last year." NEW CHOP WHEAT CONTRACTING Small Amount of Businew FmkIdz at 80 and 81 Cents. Country reports received yesterday told of some contracting of new crop wheat on the tidewater basis of 80 cents for red and 81 cents for white. The volume of the business was not large. The spot market was dull with the tone a little easier, pther cereals were quiet. According to cable advices from tile International Institute of Agriculture at Rome, the Winter wheat crop mis year in European Russia is estimated at 277,683,000 bushels, or 13.8 per cent more than last year. The Winter rye crop is estimated at 917,166,000 bushels, or 8.9 per cent less than last year. Local receipts, in cars, were reported by the Merchants' Exchange as follows; Wheat Barley Flour Oats Hay Monday IS Tuesday 8 Wednesday ..... 8 Thursday 4 Friday 4 Saturday 5 Season to date. .130 Year ago 110 10 5 3 1 1 a a 2 11 1 2; 4 8 2 101 71 16 2 Go 17 10 4 2 U 'i Eli 42 DKAIJ-JILS' PURCHASES -OF WOOL L1GKI Kutem I "inns Have Lews Under Control Than Csual at This Period. The wool-buying season in the grow ing sections of this country is prac-i tically over, except In Montana and the fleece states. The buying In Mon tana is likely to continue for a montn or more. In the other territory section all the best wool has been either bought or consigned. The latest purchases have been in the Triangle district, where some half a million pounds have recently been secured, with pricoa a little easier, so far as the scoured cost is concerned. Boston houses have secured a fair quantity of wool, but much of it has been by consignment, rather than ac tual purchase and none of them his under control anywhere near as mu.h as is usual at this time of year. HOP CONTRACT MARKET IS BLOCKED Renewed Inquiry for Last Year's Crop. English Prospects. The hop market at the close of the week was firm. Additional Inquiry was reported for spots, but sellers' ideas were above the market. Trading in the new crop has been brought to a stop temporarily. There are plenty, of orders at 15 cents, but these cannot be filled, since bids have been put out half a cent better. A week ago considerable business might have been done at 15- cents, but grow ers now are looking for more money. The crop In Oregon is in fine condi tion, and has shown great improve ment in the past week. Estimates are unaltered. A London cable reported the weather in England favorable and the crop looking better. Mail reports received yesterday from Bohemia said the aphis blight was very severe. CALIFORNIA BEAN CROP IS IlKAVY All Kinds, Excevt l-urj;e and Small Whites, Show Increase. Ten million pounds of beans will be the crop of California this year, if the estimate of the railway freight statis ticians have correctly gauged it. A gain of 10 per cent over last year's crop is expected because of the increased acreage this season and the excellent condition of the vines. The cool weather has kept the moisture in the ground. Ventura County will produce about 880,000 sacks of SO pounds each this year, according to present indications; Santa Barbara. 110.000 sacks; Los An geles County, 90,000 sacks; Orange County, 185,000 sacks, and San Diego County 72,000 sacks. Shipments will begin early in September or the latter part of August. The total estimate is 1,345,000 sacks, or over 10,752,000 pounds. Record Kx ports of Apple. The quantity of boxed" apples export ed during the season of 1912-13 which has just closed aggregated 1,453,577 boxes as against 587,035 boxes in 1911 12, according to figures compiled by Mahlon Terhune, of New York. Of this quantity New York shipped 1,353, 235 boxes, Boston sent 97,189 boxes and Portland, Me., 3183 boxes. Of the total amount exported Liverpool received 389,084 boxes: London. 586,566 boxes; Glasgow, 106,982 boxes; Hamburg, 172,. 208 boxes; Bremen, 94,272 boxes; Hull, 30,745 boxes, and various, 73,840 boxes. The largest previous year was in 1910 11. when the total exports were 1,106, 610 boxes. Columbia River Bar Report. Condition at the mouth of the river at 5 P. M cloudy; wind west, 18 miles; sea smooth. Tides at Astoria Sunday. High. Low. 9:32 A. M 6.0 reet;3:25 A. M 0.6 foot 9:08 P. M K. feeti2:,-.l P. M 3.2 feet Naval Stores. SAVANNAH, Ga.. July 12. Turpentine firm, 364 to oO'ic. Sales. 773; receipts. 559; shipments, 11; stocks. 34,304. Rosin firm. Sales. Hit; receipts, 1K12; ship ments, ItiO:-stocks. 141.133. Quote: ABC 1. K. K a. H. I. K. SI. 2.1: M. 14'sil:' X"' $5.40; W U, IW; WW, $0.50. English Krtiit Crop. Outlook Poor. "A disappointing season" is the sum mary of the English fruit crop pros pects by the London Times. "The ap ple yield will be much smaller than last year. The aphis blight on plums and apples, particularly the former, is one of the worst ever known, in spite of repeated sprayings in many cases. The review concludes: "No one who has not walked over many of the great commercial fruit farms of Kent and other counties can form a fair concep tion of the disappointing results of the present season." Sharp Advance In Cottonseed Oil. Cottonseed oil advanced three cents a gallon yesterday. In the last two weeks the advance In this article has been 13 cents. The reason given for this sharp upward movement is that available supplies are not sufficient 13 meet requirements In the remaining two months of the old crop season. However, as refiners have complete control over the Situation, there Is nat ural suspicion that the market is be ing manipulated. Active Demand for Fruit. Front street had another active day yesterday. The demand for fruit was sufficient to clean up nearly all stocks, except a mixed car of peaches and plums, which was delivered too late to be handled. Receipts otherwise were light. Prices were firm on the best of offer ings. Cantaloupes, yellow peaches and melons sold fast. Berries were in lib eral supply, but cleaned up. Bananas are due today. Seattle in Market for Poultry. Seattle buyers were in the market yesterday for all the chickens they could get, consequently the limited ar rivals were quickly cleaned up. Prices were quoted unchanged. Dressed meats were in small supply and firm at the old prices. The egg market holds very steady at present quotations. Butter and cheese are firm and in active demand. Bank Clearings. Bank clearings of the Northwestern cities yesterday wera as follows: Clearings. Balances. Portland $210,3B7 $335,376 Seattle 2,in.n2U 83.1.477 Tacoma 421.00S S2.142 Spokane flOO.571 155.670 Clearings for Portland, Seattle and Ta coma for the past week and corresponding week in former years were: Portland. Seattle. 1913 12.N03.351 $15.507. 407 1912 Il,(ill0.5 lllll 11.143,283 1910 10,K75,l3(i 10 ' N,ti2(t3M 1K08 6.21S.1S0 1KII7 7.HOK.713 11106... i.. 5.2!,588 11)05 4.206,4:14 1II04 3.610,3:12 1003 3.3H8.006 12.KS0.66l 12.tlK3.nno 12.083,8115 14. 393.039 9,700.017 U.tl2. 078 1. 181,163 7.074.84U 4.75U.416 4.8U7.328 Tacoma. $3,103,1172 4.51HI.2B1 4.07S.972 5.5SH.308 5.418.718 4.30U.072 5.050.539 8.738,181 8,442.223 1,846.420 1,818,450 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed. Etc. WHEAT Track prices: Club, 0c; blue stem, B4c; red Russian, 89c; valley, UOc OATS No. 1 white, 829 per ton; stained and off grade, less. FLOUR Patents. $4.70 per barrel; straights, 14.10; exports, $3.85S.9B; valley. $4.70; graham, $4.00; whole wheat, $4.80. CORN Whole. $28.00. cracked, $29.50 par ton. M1LLSTUFFS Bran, $24.60 23 per ton; shorts, $26.5027 per ton; middlings. $31 per ton. BARLEY Feed, $22028.50 per ton; brew ing, nominal; rolled, $26.50 a 27.60 per ton. HAY Eastern Oregon timothy, cholcs. $18319 P'Jr ton; alfalfa. $13 014. Fruits and Vegetables. Local jobbing quotations: TROPICAL FRUITS Oranges, $4,500 6 per box; lemons. $H.50(&10 per box; pine apples, 0&7o per pound. ONIONS Red and yellow, fl.10Ol.2S per sack. VEGETABLES Beans, 46o per pound; cabbage, lVs&2c per pound; cauliflower, $2 per crate; corn, 30c per dozen; cucumbers, $11.23 per box; eggplant, 25c pound; head lettuce 3540c per dozen; peas, 57c per pound;' peppers, 1012V&c per pound; rad ishes, 1012c per dozen; rhubarb, l&2o per pound; spinach, 75c per box; tomatoes, $1.25 per box; garlic, 7 (ft So per pound. POTATOES New California, lV42o per pound. GREEN FRUIT Apples, California Qrav en8teins, $2.50 per box; old, nominal; cher ries, 410c per lb.; gooseberries, 45a per pound; apricots. $1.25 (5 1.50 per box; canta loupes. $2.50&2.75 per crate; peaches, OOcOa) $1.23 per box; watermelons, lVi&lc per pound; plums, $1.50 per box; raspberries, $1.351.40 pec crate; loganberries, $1.25 1.5o per crate; blackberries, 80 per pound; pears $2.50 per box. Dairy and Country Produce. Local Jobbing quotatlonai POULTRY Hens. 14c; Springs, 20c; tur keys, live, IS Sj 20c; dressed, choice, 2426c; ducks, 10(12c: geese, young, 12VsC. EGOS Oregon ranch, case count, 23 24c per dozen; candled. 2638o per dozen. CHEESE Oregon triplets. l6V4c; Daisies. 17c; Young Americas, 180. BUTTER City creamery butter cubes, 30c per pound; prints, 3 2c per pound. PORK Fancy, llcailvic per pound. VEAL Fancy, n.yl4V4o per pound. CASH GAIN FOR WEEK GOOD SHOWING MADE BY SEW YORK BANKS. Shifting of Loans Between Trust Companies and Clearlng-llouso Concerns Deposits Expand. NEW YORK, July 12. The' statement of the actual condition of clearing-house banks and trust companies for the week shows that they hold $10,414,800 reserve in excess of legal requirements. This is a decrease of $541,400 from last week. The statement follows: statement follows: Loans $l,B32.843.O0O Specie . . 340,084,000 Legal tenders . . . 88,074,000 Net deposits l,71)0,80.OOO Circulation 40,482.000 Increase. $10,313,000 4,382.000 7.262,000 17,882,000 840,000 Decrease. Banks' cash reserve in vaults, $383,790, OOO. Trust companies' reserve in vaults, $2,96S,0O0. Aggregate cash reserve, $426, 758,000. Excess lawful reserve, $10,414,800. decrease $541.41)0. Trust companies' reserve with clearing-house members carrying 25 per cent cash reserve, $04,444,000. Summary of state banks and trust com panies in greater New York, not included in clearing-house statement: Loans $ 550.520,200 Specie . .' 05.0(10,500 Legal tenders 7,753,000 Total deposits ... 620,510,500 Decrease. $ 3.754,100 415,200 204,100 0.007.1OO Increase. The Financier this week says: Considering renewed exports of gold on Paris account and the conflicting movement of ntoney, following the July dividend per iod, the clearing-house banks of New York made a very good statement for the week ending July 12. The loans of the institu tions Increased $10,313,000. The current week was one of the dullest ever known on the Stock Exchange, so that the expansion in this item was due to other causes. It Is to be noted tthat the loans of the trust companies, as reported In their state ment made independently of the clearing house banks, decreased nearly $7,000,000, so that there probably has been some shift ing of loans as between the banks proper and the trust companies. The banks lost $4,382,000 In specie, but gained 7. 202,000 in legal tenders, the net result being an increase of $2.S80.000 In cash. Deposits expanded $17,SS2,000 and this increased reserve requirements to an amount large enough to offset cash gains and the hanks, therefore, decreased thelt cash reserve $541,400, the surplus above the 25 per cent minimum standing at $19,414,800. ' Coffee and Sugar. NEW YORK. July 12. Coffee futures were higher again today on continued cov ering and European buying, which was at tributed by some to less favorable views of the new crop and by others to recogni tion of a stronger technical position " after the heavy selling of the early week. The opening was steady at an advance of 3 to 10 points, and active months sold about 9 to 18 points net higher during the middle of the morning. Realizing by recent buyers caused reaction on the late trading, with the close steady at a net gain of 2 to 8 points. July. 8.54c; September, 8.77c; Octo ber, 8.84c; December, 8.97c; January, S 04c March, D.lnc; May, l).25c. Spot, steady. No. 7 Rio. 9c; No. 4 Santos, lltic; mild, dull; Cordova, 13&' IOV2C. nominal. Raw sugar, firm. Centrifugal. 3.54 3.57c; Muscovado, 3.04 3.07c; molasses, 2.7U 2.82c ; refined, firm. Cotton Market. NEW YORK, July 12. The cotton mar ket closed steady, net unchanged to three points higher. July, 12.0t;c; August, 12.0tc; September, 11.00c; October, 11.44c; Novem ber. 11.34c; December. 11.85c; January, 11.30c; February, 11.31c-; March, 11.38c May, 11.40C. Spot closed quiet; middling uplands, 12.30c; middling gulf. 12.55c Sales none. .London Wool Sales. LONDON. July 12. There were 11,132 bales offered at the wool sales today. Yes terday's Bteadier tone was maintained under a good demand from all sections. Ameri cans purchased a few lots of suitable cross bred s. The best grades ruled In sellers' favor. LONDON SETS PAGE Foreign Advance Lifts Wall Street Stocks. CHEERFUL FEELING ABROAD Market Moves Upward, but Trading Is on Very Small Scale Private Crop Reports Are More Favorable. NEW YORK, July 12. There was distinct hardening; In tone on the stock exchange today, but otherwise the market presented few changes from the previous session, which was the dullest In 17 years. The market at the opening followed the lead of London, where American stocks had been placed on a slightly higher level. A more cheerful feeling abroad was, reported and there was some buying here for London account, which helped to give the list an ap pearance of strength. Canadian Pa cific opened two points higher and later increased its gain. . .Bethlehem Steel, New Haven and the petroleum stocks made substantial advances. The stock market leaders, however, moved only fractionally. A factor in strengthening the mar ket was the satisfactory character of private crop reports. Trade.reviews for the week told of a more confident feel ing, with some increase in business as for future account. The expected cash loss, amounting to $7,800,000, was shown In the average statement of the banks, reflecting the week's exports of $5,000,000 gold to France and diminished receipts from the interior. In the actual table, how ever, gain was shown. Bonds were steady. Total sales (par value), $410,000. Some further heavi ness developed in Government bonds to day. United States bonds declined a half to one point an call on the week. STOCK 'SPECULATION ALMOST STOPS Lightened Pressure of Liquidation Is Fea ture of Week. NEW YORK, July 12. The dullness and sluggishness of the week's stock market did not permit of any definite conclusions as to the course of speculative sentiment, which apparently remained quiescent and in- a formative stage. Favorable inferences were negatively deducted from the small effect on prices producd by apparently dam aging developments. How small an affair was the market is shown by the daily average of transac tions, which fell much under 200,000 shares, while on Friday the total was only 04.4OO, the low record for 17 years. Stock exchange members lamented the poor showing of business and a seat on the exchange sold for $38,000, a low record since 1900. Lightened pressure of liquidation evident ly is due te curtailment of new issues, such as lately were being forced upon the mar ket, necessitating the sale of seasoned Is sues to provide means for taking up the new securities. Evidently there has not been yet any effective accumulation of new capital to revive the process of fresh en listments or to offer any sustaining support for values of old. The week's sale of Northern Pacific one-year notes on an In terest basis, allowing for bankers' compen sation computed at about 6 per cent, was a reminder of the position. So also was the tall in British consols to a price lower than for 0o years. Tha resumption of gold exports to Paris was equally significant. The decline for the first time to below par of United states 2 per cents is complicated with the circu lation privilege and its proposed treatment In the currency bill. The acceptance of the Pittsburg- bank failure as merely a sporadic condition was taken as evidence of the underlying confi dence In the banking position as a whole. It was recognized also that the French de mand for gold had to do with the market's commitments for financing the Balkan com batants. The form of settlement of- the Eastern railroad trainmen's demands is regarded hopefully, but with reserve. Reports on the New Haven affairs contained nothing to cause surprise. although the propositions advanced by. the Interstate Commerce Com mission to prevent it from acquiring out side property supplemented the Union Pa cific dissolution us a lesson that dissolution of combinations and mergers is to be the future order. The important statistical exhibits of the week passed almost unnoticed. Copper stocks were reduced only by a drastic cut in production. CLOSINO STOCK QUOTATIONS. (Reported by J. C. Wilson &. Co. Lewis building, Portland.) IBalesjHigh Low jt'lose 03 T, 27 it i li2 4i 33 tj 51 0. 25 31 n Amal. Copper Co Am. Car & com... Am. Can, com do preferred Am. Cotton Oil, com. Am. Lcco., com Am. Sugar, com Am. Smelt., com. ... do preferred Am. Tel. & Tel Am. Woolen, com.... Anaconda Mining Co. Atchison, com, do preferred B. & O., com. Beet Sugar Brooklyn Rapid Ir. . Canadian Pac. com. .'21 central Leather, com. do preferred C. Q. VV.. com. do referred C, M. & St. P C. & N. W Chlno Copper Chesapeake & Ohio.. Colo. Fue! & Iron. c. . Colo. South., com. . . Consolidated Gas ... Corn Products, com.. d j preferred Delaware & Hudson.. Denver & Rio G.. c. . do preferred Erie, common do 2d preferred . do 1st preferred... General Electric Ot. North, ore lands.. Gt. North., pfd. ice securities Illinois Centra' Intcrurban Mot., c do c referred . . . , S.Hg Lchlrh Vnlley il45V Kansas City South. ..1 2."4 j-.uuiBvine .asnviite M., K. ii T. com... do preferred Missouri Pacific National Lead .' Nevada Consolidated. New York Central . . N. V., Ont. At West.. Nor. & Western, c. . Northern Pacific, com Pacific Mail S. S. Co. Pennsylvania Railway P. G.. L. Ac Coke Co.. Pressed Steel Car, c. Ray Cons. Copper .. Reading, com do 2d pref do 1st pref Rep. Iron & Steel, c. do preferred Rock Island, com ... do preferred St. L. & S. I'., 2d pf. do 1st pref St. L.- & S. Vv'., c do preferred Southern Pacific, com Southern Railway, c. do preferred Tennessee Copper ... Texas & Pacific To'.., St. L. Ai W., c. do preferred Union Pacific, com.. do preferred U. S. Rubber, com... do preferred V. S. Steel Co. com. do preferred Utah Copper ....... Virginia Chemical .. Wabash, com do preferred Western Union Tel. . Wisconsin Central, c. '27 28 " 'i'8 ' 'j ui " ' oi M ! 32 ';'i2 5 V 95 Va 93" ' 93' ' Sti'vi 8'a ,2141. 3 5, '27 '2s' ' ei' ' 3214 95 92 SB 113 li 102 V;102H 3.-i 33 Vi 51 . .. I 9! 9 23 T4 25 i -14 Va , 41 27 it 80 35 h 28 107 .11 !SVi :12ti-a I i I 32 li j 95 v. I OUVs ; 92 vi I 21 Vi , 8(1 Si ,213 Vi 2 OH I 91 H, I 12 Va l"2Vs 127 33 H 2714 31 129 3H 152 15 Vi 25 251, 31 l,' 98 113 105 H1V4 157 SO 18 23 K 91 14514 52 104 42 4 31 VS 55 145 I, 25 108 j Wt! Vi 111 i; 1071 so 19 23 9i '2S 143 53 104 tfc 42 31 V4 I 54 :145 25 95 103 105 j It! i,i 81) 18 25 138 31 I lO'-i :ill 14 1 54 143 V i 25 ;i3t 20 54 29 H 45 14 95 78 3"3 105 IS 11 ( inn I 22 I H,,3 1-'. S7 81) 1 71 15 25 5 13 f.r. . 91 20 74 13 7 IS 1 ." 81 no 1104 52 52 1U- 1 104 91 2S 143 42 42 23 1 J4 6 fit 41 Total sales for the d:iv, 44.100 shares. The leading futures ranged as follows: BONDS. Reported by Overbeck & Cooke Co., Board of Trade building, Portland, Bid. Asked. Atchison general 4s :it 1)4 Atlantic Coast Line 1st 4s 87 ss Baltimore & Ohio gold 4s 9' !1 B K T 4s 8 8(1 Chesapeake & Ohio 4s 90 92 C M & St p gen 4Vis 99 Chicago Rick Island col 4s..... 45 Cal Gas 5s 91 C B Q joint 4s 93 Erie general 4s I9 Int Met 4s 47 Louisville A: Nashville uni 4s.. 12 Misjourl Faciric 4s HJ N Y C general 3s 80 N t W 1st con 4s. Northern Pacific 4s. Oregon Short Line ref 4s. Pacific Tel 5s..... Penna con 4s Reading general 4s 99 St L & San "Fran ref 4s 7 Southern Pacific ref 4s 88 Southern Pacific col 4s 88 Southern Railway 5s 101 c-oumern Railway 4s..... 73 l niteu Hallway inv 4s I'nion Pacific 1st and ref 4s... United States Steel 5s....... West Shore 4s Wabash 4s estimrhouse Eleo ennv Km Rt Wisconsin Central 4s 87 Western Pacific 5s 75H United States 2s registered 9S United States 2s coupon 98 United States Us registered 10i United States Ss coupon 102 United States 4S" registered 112 United States 4s coupon 112 92 91 87 9)1 911 50 91 98 H 93 50 09 45 94 93 74 93 82" 93 92 8S 9'-4 99 95 9 88 89 102 73 ii 98 94 50 90 89 77 100 10O K2 102 113 113 Stocks at Boston. BOSTON, July 12. Closing quotations: Alloues 81iMohawk 42 Amalg Copper.. C4 Nevada Con .... 14 A L & Sm... IS iNipisslng Mines. 8 Arlsona Com .. 2 North Butte 24 B & C C & S M. C.5 INorth Lake 1 Cal & Arizona.. 59!oid Dominion... 43V i"al A- Hecla. . . .410 osreola. 73 V, Centennial 10 Qulncy 87 t op Ran Con Co 88Shannon ....... 6 K Butte Cop M. 9 Superior 24 Franklin 5 Iftnr, Jir Tlnm Mln.. 2u Glroux Con .... 11 I Tamarack 29 uranby con ... 54'i: s s r j m... 5ii Greene Cananea. 11 do pref erred. .. 40 I Koyalle tCop) 18 Utah Con 8 Kerr Lake 3'Utah Copper Co. 42 Lake Copper.... 7 Winona 1 La Salle Copper - 3iWolverine 44 Miami Copper... 21 Money, Exchange, Etc. NEW YORK, July 12. Prime mercan tile paper, 6 per .cent. Sterling exchange steady with actual business In bankers' bills at $4.83 for 60 day bills and at $4.8073 for demand. Commercial bills, $4.82. Bar silver, 58c. Mexican dollars, 47c. Government bonds weak; railroad bonds steady. LONDON. July 12. Bar silver, steady, 27 l-16d per ounce; money, 292 per cent; rate of discount In open market for short bills, 3 per cent; do, three months' bills, 4 3-104 per cent. SAN FRANCISCO. July 12. Sterling on London, UD days, $4.S3; do sight, $4.87. bliver bars, 5s c. Mexican dollars, nominal. Drafts Sight. 2o, do. (elegraph, 5c. ' Condition of the Treasury. WASHINGTON, July 12. The condition of the United States Treasury at the be ginning of business today was: Net balance In general fund $135,481,754 Total receipts yesterday 2.235.38H Total payments yesterday 8.552,655 ine aencit tnis tlscal year Is $91,220,441, against a deficit of $9,829,482 last year, ex clusive of Panama Canal and public deft transactions. A STARTS SALES Fine Growing Weather in Spring Wheat Belt. CHICAGO MARKET BREAKS i STEERS STRONG FIXE LOCAI DEMAND FOR BEST GHASS CATTLE. Butclier Stock Firmer on Light Sup ply Hog Market in Good Shape. Trading at the stock yards ended quietly yesterday, the only sales being a few steers carried over from the pre ceding day. Thirty head that averaged 905 pounds were sold at $7.50 and five head averaging 886 pounds brought $7.25. Receipts were 237 hogs and 13 sheep. Shippers were C. E. Lucke, of Canby, 1 car of hogs and sheep; Grand View Feed & Fuel Company, of Grand View, Wash., 1 car of hogs; Arlington Lum ber Company, from Gwendolln, Or., 1 car of hogs. The weekly official market report follows: "Receipts for the week have been: Cattle, 1026; calves, 232; hogs, 2125; sheep, 4171. "Cattle market steady to stronger at the close of the week's business. Prime grass steers offering on Thursday and Friday sold at $8.25 to $.8.60 in small quantity. The demand for this class of stuff is fine, but for medium and half fat varieties prices are no higher than they have been for the last two weeks. The steer top on bulk sales is $8 to $8.25. Light offerings of cows and heifers have strengthened the market somewhat, especially in choice grades. Cows, $7 to $7.25; heifers, $7.25 to $7.50; bulls, $6 to $6.25, and calves, $9, are top quotations on the various classes. "Buying demand in the hog pens in creased materially the latter part of the week; tops sold in bulk at $9 to $9.15. with a few loads at $9.20 and $9.25. Themarket is steady to strong on a basis of $9.15.' Good demand for smooth and rough heavy hogs. Receipts have been fairly liberal, considering the season of the year, and liquidation will doubtless decrease during the next two months. "Sheep house prices have suffered to some extent during the last six days, due to the slow demand on the part of the killers. Good fat mutton is not finding a very broad outlet, while lamb values have decreased 25c to 50c since July 1. Prime yearlings, $5.25 to $5.50; ewes at $4, old wethers at $4 to $4.25 and lambs at $6 represent extreme quo tations." The following sales are representa tive of the week's trading: Weight. Price. 27 steers 1001 JS.50 1215 90 steers . . 13 steers . . 76 steers . . 11 heifers 1 9 cows . . . 25 cows . . . 66 cows . . . 72 calves . 1 stag 2 bulls . .. 6 bulla . . 9H hogs .1084 .112 . 960 . 901 . 1020 .1049 . 183 .1160 .1410 .1350 L'04 90 hogs 190 376 hogs 174 241 hogs 195 33 Lambs 66 12 lambs ' 71 177 wethevs 10S 119 ewes 92 Tne range of prices at the yaras was as follow: S.2 8.13 7.85 7.25 7.10 7.0 5 6.75 9.00 0.30 6.25 6.75 9.25 9.20 9.15 9.10 6.75 6.50 4.50 4.25 "hoic steers Good steers Medium steers Choice cows , Good cows Medium cows Choice calves Good heavy calves Bulls Hogs LiCht Heavy Sheep Wethers Ewes Lambs $7.75 ft $8.50 7.25 Ci 7.73 7.00W7.23 6.507.25 6.2510.50 6.00 (1H. 25 8.00 Hi; 9.00 6.50)7.50 4. 00 u 6. 00 :r,m 9.25 !5& S.25 . 4 .004 . 50 . 3.00 94.00 3.00 it 6.35 Omaha LiveKtock Market. SOUTH OMAHA, July 12. Cattle Re ceipts 100; steady. Native steers, $7.25 S.75; cows and heifers, $5,253; 8.UO; West ern steers, $0.50.8.00; Texas steers, $5.50 7.50; litiiKe c-ws and hellers, $4.00 0.50: calves. $7.00&9.75. Hogs Receipts, 9100; higher. Heavy, $S.6U'a 8.72 b ; light, $S.754r8.05; pigs, $6.00 teS.uu; bulk of sales, SSOHf 8.75. Sheep Receipts. lloo; steady. Year lings, $5.ooi u.oo; wethers, $4.004.75; lambs, $7. 50 '11 8.20. , Chicago Livestock Market. CHICAGO. July 12. Hogs Receipts, fi500;market 5 to 10c higher. Bulk of sales, $S.UO(ii U.10; light, $8.85 9.30; mixed, $S.0 (i.27; heavy, $8.5ofeU.15: rough, $3.50 a S.70; pigs, 7.35fe't. Jo Cattle Receipts 2UO, steady. Beeves, $7.25U 0.10; Texas steers, $7.00: 8.20: West ern steers, $7.2O(&?8.30; stockers and feed ers. $5,001(7.110; cows and heifers, $3. U0i 8.50; calves. $8.00(10.75. Sheep Receipts, 0000: weak. Native sheep, $4.15fc 5.45; Western, $4.153u'5.45; yearlings, $5. 50f&7. 25: lambs, native, $6.20 CU&.25; Western, $0.25 ft. 8.25. Dried Fruit at New York. ' NEW YORK. July 12. Evaporated apples, steady; prunes, firm; peaches, steady. Chicago Dairy .Produce. CHICAGO. July 12. Butter not quoted. Eggs, unchanged. Receipts, 17,171 cases. Hops at New York. NEW YORK. July 12. Hops, firm. Losses at Close Range l"p to Two Cents Cables Are Lower and Export Demand Is Lacking. Coarse Grains Decline. CHICAGO, July 12. Wheat prices fell to a lower level today for July and September than has been reached at any time this season. Excellent rains of advantage to the entire Spring crop had much to do with making the mar ket weak. The close, which was near ly at the bottom point reached, showed a net loss of lLilHc to l.g2c. Corn finished c to down, oats off c to c and provisions varying from 10c decline to a like advance. General selling of wheat by longs bore down the market from the outset. Cables were lower and there seemed to be no evidenc of export demand. Primary receipts for 24 hours amounted to 1,197,000 bushels, Against 632.000 bushels a year ago. Seaboard clearances of wheat and flour today equalled only 133,000 bushels. Sentiment in the corn crowd became rampantly bearish as a result of the continued fine weather and the im proved outlook for the growing crop, Oats broke with other grain. Action in the provision pit had a see saw character. The reason was that firmness of the hog market conflicted with sympathy for the weakening of the cereals. WHEAT. High. $ .56 .87 V 91 ii .91 Vs CORN. .59 .BOV4 OATS. July Sept Dec. (July sept Dec. Open. $ .S6V4 871 .58 Ti -5:vs Low. $ .85 -8 Vi .00 .58 .50 Vfc .55 v Close. $ .85 ".StiW. .OOVs .59 Vs ..V..I-S .30 Vs July Sept Dec July Sept . .. .3714 .37 . .. .38 's .3! ... .40 .40 MESS PORK. ...21.7714 22.00 ...21.00 21.17 Vi .37 i .38 a .39 ?i 21.77H 21.00 July 11.R2S4 11.65 Sept 11.75 11.77 '4 Oct ll.S2Vi 11.S2V Jan. 10.70 10.70 11.60 1 l.H7Vi 1 1.73 10.63 .37 Si .3.s?t .40 21.85 21.02 Vi 11.65 11.72'i 11.77 V, 10.05 SHORT RIBS. July Sept Oct. 11.60 11.00 11.52 V4 11.65 11.77 Vi 11.521, No. 11.65 ...11.85 11.S7V4 ...ll.ti5 11.07 V, Cash prices were: Corn No. 2. 6 60 Vic white, 61 61 tic; No. 2 yellow. 60 Sf 60 Vic No. 3. 594i60Vic; No. 3 white. eOVifai 61c: No. 3 yellow. 60(&604c; No. 4, 5&UI 59c; No. 4 white, 69 Vi 16 60c,; No. 4 yel low, 50 59 c. Rye, No. 2, 62Vic Barley, 48 63c. Timothy, $3.754.75. Clover seed, nominal. 3 Minneapolis Grain Market. MINNEAPOLIS. July 12. Wheat July. 87Vc; September. 89V4S89; December. 2c. Cash No. 1 hard, S)0V4c; No. 1 North ern, 8iU891c; No. 2 Northern, 78(tf87tic: No. 2 hard Montana, 87Vc; No. 3 wheat, 83 ' 85 c. Klax $1.364. Barley 43 it 56c. European Grain Markets. LONDON, July 12. Cargoes on passage, little Inquiry. English country markets firm; French country markets, holiday. LIVERPOOL, July 12. Wheat Spot steady; futures weak. ' July. 7s 5d; Oc tober, 7s 3d; December, 7s 4 3i d. Weather unsettled. Grain at San Francisco. SAN FRANCISCO. July 12. Walla Walla. $1.55; red Russian. $1.55; Turkey red. $1.70 f$1.72Vi; bluestem, $1.70 1.72 H ; feed bar ley, $1.321.35: brewing barley, nominal; white oats. $1.52Vi & 1.55: bran. $2&. 20.50; middlings, $314132: shorts. $28 J) 28.50. Callboard Barley, steady; December. $1.35Vi; -May. $1.37V bid; July, $1.38V bid: August, $1.30 bid. Puget Sound Wheat Markets. SEATTLE. July 12. Wheat Bluestem, OlVic club. 00c; fife, UUc; red Russian, Stic. Yesterday's car receipts Wheat, 3; hay, S; oats, 1. TACOMA, July 12. Wheat Bluestem, 93c; fortyfold, 01c; club, 90c; red fife, 8!c. Yesterday's car receipts Wheat, 7; corn, 3; hay, 2. SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City for Vegeta bles, Fruits, Ktc. SAN FRANCISCO, July 12. The follow ing produce prices were current here today: tfruit Apples, Gravensteins, $1.251.75; Mexican limes $811; California lemons, $7ff9; common, $46; pineapples, $1.25& 2.25. Cheese New, 14Vi15Vic; Young Amer icas, 17V4C. Hay Wheat. $23 iff 25: wheat and oats, $21.501322; alfalfa, $14.50gl6. Butter Fancy creamery, 26 Vic; seconds, 28c Vegetables Cucumbers, 2540c; green peas, 2 & 4c; string beans, ltlc; egg plant, 65c$1.50. Onions New, red, 6575c per sack; yel low, 65 75c per sack. Potatoes New River whites, SI 1.50; Early Rose, 75c$l; Oregon, 85c$l; new, 1.258 1.75. Eggs Store, 22Vic; fancy ranch, 24Vic Receipts Flour, 4230 quarters; barley, 11,720 centals; potatoes, 3010 sacks; haj, 4K tons. OVERBECK & COOKE CO. . Brokers, Stocks, nonda, Cottsn. Urals, Etc. 218-21T BOARD OK TRADE H LOG. MEMBERS CHICAGO BOARD OF TRADE. Correspondents of lotto A Bryan, Clilcags and New Yorlc MEMBERS Xfir York Stock Exchange, Clilcsgo Stock Exclianice, Boston Stock ExehaBKe, C hicago Board of Trade, Sen York Cotton Excuano;, Aew Orleans Cotton K.xehauge, New York Coffee Kxchance, w York Produce Exchange Liverpool Cotton Aas'n. J.C. WILSON & CO. STOCKS, BONDS, GRAIN AND COTTON. MEMBERS NEW YORK STOCK KXCHAXCE, NKW YORK COTTON KXIIIASUK. CHICAGO BOARD OF TKAUE. HIE STOCK AL BDMI KVC1LVNGE. BAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 2C9 Oak Street. Phones Marshall 4120. A 4187. TRAVELERS GUIDE. COOS BAY LINE bTCAMSHXr "BREAKWATER" sails from Albers Dock. No. 3, Portland, at S A. jl. June 4. 0. 14. 19. 24. 2 a, July 4. a. 14, lit. 2 28. thereafter every five days, i A. M. Freight received daily until 5 p. M. except day previous to sailing, prai-lous day 4 PM. Passenger lares: First-class. $10; second-class. $7, Including berth and meals. Ticket office St Albers Dock No. S. POK1I.AM) & COOS BAY 3. 8. I.I NIX L. H. KEalIKU, Agent. I'liona Main 5803. A S14L j