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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 25, 1903)
.." 8 TIIE OREGON lUILY: JOURNAL, PORTLAND, MONDAY J EVENING, ; MAT 25, : 1903. '' m :mNSACIIONS IN THE . WORLDS f FINANCE i? AND RAJDE I sf. nditqn PRICES CO DOWN AGAIN Union Meat Company" An nounces Change Alf Fresh Meats Are Weaker on Ac count of Arrivals. Hood River Strawberry Season Formally Opens with Re ceipts Increasing in Each . Shipment, KABXBTS Or HALT WEEK. Bayou and pink beans higher. Hood Blver berry season opens. Trash mutton declines. Other Mtti weaker. Err Btlffer. Poultry In De The Union Meat Company announces a decline of U-ccnt in the ouotatlons on ' ffesh ' mutton, the change to take effect this -morning. Other meats are quoted breaker orf account of the larger supply and the Blacker demand. I'oor stock -la atlll being; received in abundance and this la the direct cause of the weakness : of the entire fresh meat market. Packed Meats Weaker. Throughout the packed meat market of both the local and the Eastern brands - all stock ia quoted weaker, and there Is every tendency for further declines In quotations. Hog prices throughout the eountry are weaker with larger re ceipts. Barry Season Opens. The Hood River berry season is open in earnest and receipts from that vlcln Ity, though rather light at present, are being vastly Increased with each ship ment. The stock Is of the finest qual ity yet; received In Oils city during the season, and the vera highest quotation Is received for all arrivals. California's are not so plentiful for the better grades and prices are weakening. - ' Black' ClMrriea Arrive. Black cherries from California are now arriving In earnest and the demand Is fair. The reds are in larger supply And are quoted at tl per 10-pound box. The blacks are quoted. 25 cents a box higher. C . The Sail Beceipts, The receipts 'of stock from California perail todHy consisted of two cars of Los .Angeles new cabbage, three cars of oranges and two cars of first-class bananas. Quotations on either of the above lines are unchanged. ' Temporary Lull la Hops, , There Is a temporary luH in the nop market and no sales haYu been renorted ffUringTie plrfiT three days. $27.01); shorts, $2.1.00; chop. $18.00. , Hu) Tlumtti.i, $2).(H; clover. $17.00. Hop, Wool and Hid.i. l!i) 2O02U'c tor choice; 11XKI contracts, lc. Wool Nominal. Valley, ISiftltlc; Knsiern Oregon. lU4il;i.-; Mubslr nominal, ;tt(tf .TKc. tSlieeimklim Nhearlni:, UVii V l!,c; Jilmrt wool. 22GMCk-; medium wool, 30c; long wool. (., $1.44 eiieli. Tnllutv -Prime, lr 16, 3'A&4c; No. 2, Mid ri.... 22,c. ' llhlea Dry hide". No. 1, 10 mnls sail mvf )( I,i4e T ID; drv kip. !Vo. I. 0 lo in iim. 12c! dry calf, No. 1. mulct ft Itw, Ift'iui.dry xallrd, hull and stales, 14 ir than dry flint; salted hides, steer, sound, (XI pounds or over. 7 '." V4'.; 50 to 00 n. 74'nW ifmlt-r fto Itw and . cows. 7c: stairs aud hulla.i sound. ."' !,;: kin. aouiid. 1R to ;I0 Itw, 7c; sound. 10 to M !Tw. 7e;,valr. sound, under 10 nw, He; green HlllKalti-d). lc It) Iuch: rulla. lc lb li-or . llorof hldoa. aaltfd, encb. $l.2.,ni I.7A: dry h. $l.ia) mi.wi; w.itM- hid., each. 2B.aH.; roat kiii. common, cacli. lo&jir.c; Auoia. nlth oo on, each. 2.Vi$1.0O. Butter, Egf and Poultry. Il'ittr Oregon ircanicry. 22'ai; dairy, Sic; lorr, l?'t.c. Y.KIt l'"r.-li OrcBon, 17tlT'.Se. Un-eae Mill crruin. twin. lOlic; Yoiinc American, IHriic; fialorn, Ul7r; Call ftritl(i. ITk. . Jloltr.i ChL'kenx, miied. 12M.te per tt--' li'-na "l;i'B II.', rooatera. lOUatllle 7b; broil era. lfld(1c II); fryera. Hftfl.V lb; ducka. i;itM He Hi: KrH.. J71-. dlNc lb; turkeya, llrv, iiifi 17c; dreaaed 18'i ilK-. Orooerlsi, Nuta, Eto. PiiKnr "Rack baala." mlie, $.77Vi; powd ered. (il.r;.j; dry Krniiulated, $0,474; eitra ('. $.1.1124: doldcn i', $1.1124; barrela. 10c. 4 harrela, 2.V; iHisea, AOc adranre on aack baala, leaa 2Tc per cl for eaah, 13 daya; maple, 1441 lttc m. ' lloiirjr lAQltlc tier frame. CulTee (ireen Mix ha. 2l(uj2-1c; Ja. fancy. 20D(:i2'; Jara. finnii,p(l 2Ch-; Java, ordinary. In f.lLlH-; Coata It Ion. fancy, IH2o; (oala idea. Rood, lUfrilHc; Coata Idea, ordinary, IOMl2c iier lb; ('ulnmbla ronat, $10.0.1; ' ArbneLlea', 11.124 hot: lion, $11.23 Hat; Curdoa. $11.23. Teaa (lolmia. different a-rades. 2AttBe; Gun- powder. listiMfttiite; KuKll'h Breakfaat, dlf ferrnt sradea. 124U03e; Holder Iec. uneolored Japan, aoyuoc; (reeu Japan, Tcry aearee, jvim Holt Balea, 2a, Ra, 4a. fta, 10a. $2,111: One table, dairy, nOa, .W; liaw, 74c; imported 1,1 f rrpool. 30a, 4.V: HHm. 8Kc; 224a. $I.H3. Salt Woreea ler aalt, bulk. bbla. 820a, $3.00 tN'orceater. 140 2a, $3 30; Worceater. lOo fla $3.30; Wnreeater. .10 3a, $3.23; 30 10a, $5.00 linen aaeka. Sua. Me. Salt (,'airae; half ground. loOi. per too. $11.00; Mm. iter ton. $14.30: Liverpool, lump. rock. $23.00 jr ton; Mi-rb rock, $i.ou; loua. S1X.30. Hraln I)au-Calcutta, $8.00(30 25 per 100 for Auguat dellrrry. Hlee Imperlul Japan, N. 1, Bc; No. 2. 34e; New Orloana bead. 74c. llreakfaat Kood rrcmliim, 30 24c; $2.00: Koree. $4.30; M-0 oata. $:U3. HiilmoH 'nlumt1a Hirer, l it) tails. $1.70; 2 IT) talla, $2.40: fancy, l ib flata. $1.M5; 4 -lb fancy data, $1.20; Alaaka talla, pink, (tor; red, $1.23; 21b talla. $2.00. Coal Oll--Caaea, 224e per gal; tank", Water White. Iron bbla. Hie, wooden 14c; Head light. eaa-a 244c, Iron bbla, 18c; gaaollne, iron bbla 22c. caaea 24c. Llnaeed 01 Unro raw. In bbla. Be: gonnlnc kettle, boiled, Wte: pure raw, In roaea, B7o; genuine kettle. In caaea. 30c. Turpentine In caaea. 71c; wood bbla, 0H4c; Iron bbla. BRr: 10-lb caae lota. 70c." Heana Small white. Hc; large white, 4c; pink. Sr; bayou. 4c; I.lmaa. Sc. lonncco riug cut amoking. J. i. ant pack agea .Seal or iorlt Carolina. TIC ID; Mm CROP REPORTING BEING REPEATED Rumors This Year Are Exact ly the Same as Those of For mer Seasons Reports Did Not Affect .the Price at Once. Lack of Contract Wheat Will Likely Offset the Prospect of - an Early Movement Har vest Begins Next Week, Special permission of Bolton, de Ruyter & Co. CHICAGO, May 25. The Record-Herald says: There were crop complaints from abroad last year of about the same character as this year, and there was nervousness about the rains even in June. Yet the wheat price last year lost from 2 to 3 cents In the first half of June and there was no strength until It became apparent there was to be a wet harvest. There Is the prospect this season of the effect of an early movement being offset bv the lack of contract stock here. If the present local contract wheat supply Is moved away there Is considerable uncertainty about It being renewed by July. It Is believed that- the cold weather of May delayed the crop somewhat. The July trading lias been on a large scale. The price of this future may be decided In part by the proportions of the short Interest and the amount of deliverable wheat here. Weather Km Influence. There Is nothing which will influence the market for the next 30 days as much as the weather. The harvest begins next week in Texas and in a fortnight more will be well under way In Southern Kan sas. Southern Illinois and Missouri. The French harvest is about slmul taneous with the winter wheat cutting in this country. All over the world, begin nlng from now, growers, and speculators will have thoughts mostly on harvest conditions In the winter sections. INFLUENCED BY THE CROP NEWS Market Shows Some Weakness on -Early " Cables, But No r- Tg i mi . rressure .ueveiopea w nea - Closing Was Very Strong, v ' - m Liverpool Corn is a Ouarte Higher With Chicago Firm Nebraska and Iowa Com plain of Too Much Weather DOWN COAST MEN T VAN STEAMERS Trade Between Coos Bay and Logan & Bryan's Dally Grain Letter A.0 Bolton De Ruyter & Co. The bears in the East are still determined to hold the market down to the lowest possible notch In-an effort to scare the Oregon holders into selling. The situation, ac cording fo the most prominent hep men In the country, Is entirely in the hands of the Oregon holders of the lad's crop and they can either make the market IS or SO cents according to their pleas ure and nerve. There are some few ..contracts being made at la cents, but a majority of the growers are holding off as long as possible in the hope that higher figures will prevail with the run ning of .the season. The crop outlook in the valley continues quite bad, and Jt - Is very likely that this season s yield ; will not average more than a third of that produced during the past season. Many more acres are under cultivation, but reports from the vicinity of Aurora "and HUbbafd say that the new yards are not looking very prosperous. Many Hills are reported missing in both the new and old yards, and the knowing ones say that two thirds of the crop would be a very liberal estimate. JTo Potato Demand. There is absolutely no demand for the 1802 stock of Oregon Burbanks from the South and local dealers are despairing of getting rid of enough of their surplus to come out even after a year's buying. Reports from San. Francisco tell of the - large surplus on the docks and ware houses in that city and reports from other California and Arizona points tell the same fltory. .Onions, are rotting by the thousand sacks in the Bay City and there will be but few dealers in this. city who will come out with even money after their season's buslnesH is finished. Egg Prices Held Firm. At 1" and 1 7 cents a dozen the price of eggs in the local markets is being, held with a firmer hand than has been witnessed at this season for many pre vious years. Receipts are fairly heavy, but the demand seems to be so hoavy that all arrivals are cleaned up even be fore they touch the street. High Poultry Prices. During the first ""half of the week jut closed; the poultry market has been very excitiftff. with prices on the upward Jump. Receipts Im-ve been liberal, but the heavy prevailing demand hasr-entirely cleaned" up all arrivals. Fink and Bayou Beans Firmer. Beans ;f the pink and the bayou grades are nu ted tirmer by all the local wholesalers aud lute report from Cali fornia has hud considerable Influence In bvHwllriK the market. The report tells of a large hhoitugc in the crop of both grades, and ;.lso of the advancing quo tations in the San Francisco market. Higher prices are predicted in the local markets within the next few days. , Wholesale Badness Livelier. A livelier tone was noticeable in tlx entire Front street district today. general opinion being that retailors are expecting an cany enoing of tile pres ent labor troubles. Business In . lines is wonderfully improved over the same period of last week, both the coun try and city sales being considerably larger. Movement In Wheat. Wheat is showing a more spirited movement and many sales of all of the local grades are reported. Flour is sell ing readily at ' quotations. The outside cWmand la. larger, Today's quotations, as revised-, are as follows: HIT, OSe n: Pixie Queen, 41c lb; Jted Bell. 30c fh: Pedro. fiOc fb; Uolden Scepter, II. IS Tbl flue cut l ameo, Of re; apetan, f i.so id: inikn i Mixture. 40c lb; Hull Durham. 6c lb; Old Knjr Inn CurTe t'ut. 74e ; Maryland Club. Tie lb Mall Pouch. ; lb: Yale Mixture, 11.40 lb. f'liiar Tohaeeo nrummond's Natural Iaf, Me lb; Piper Heldideek. 8(le lb: Something Good. 4.V lb; Standard Kr, iWe lb; T. A .. 53c lb: Kpear Ilo.fr , 4.1c lb; Star. 41c. Fine Cut 4iewlng fiulden Thread, 08c lb; Fast Mall, 70c ID. Fruits and Vegetables. rotatoea UKaSOc; ordinary, 3W40c; new 1'ViiC in. OnlonVf-Oregon. 75e1.00. buyers' prleea-UMrlttgobTTffeVl to fHTR doWnOrdera fcr 1 tl 1 U I (. I 1 Kll. rurlff. 7l tTe fall f..w.-T- C C A (1,1 ..! vnla AOO am local, $1.00(41.00; garlic, 07c lb; CallfurTua, lie,, rirun. y Kreah Krulta Apply. Ttujey G'fmC 7Kc($ t'i.mWSjv, Mediterranean sweets. $2.75; t'.allrnrntn tangerines, f l.uotai.za box; ba nniias, Z.siWf.DO Dunrn. oc id; strawberries, $1.00 per 15-lbcrate; Oregon. 20e lb; cherries, red. fl.oo per 10-m dox; Diaea, i.i3, Vegetables Turnips. $1.00 aack; carrot a, $1.50; beets, $1.S0 ler sack; radishes, lli'-jlitlSc per dnx; cabbage, California, 2e lb: lettuce. Dean. per aoa: hothouse. $1.25 box; green pepper. 40c lb; borseradlab. Sc It); celery. $1:00 doxf beans, string, li!(fil5e IT); asparagus, 00c&$1.00 per 25 -lb box; rhu barb, ae lb; tomatiies, o.oo per .w-lb box; pursulpM. $1.7n?p4neapples $5.00 doc; peas. Be; cucumbers. i.uo aos. Urled Fruits Apples, eraporated. 7g7Vic m: aprieotB, I'ftiVjC id; peacues, Trve in K-iir. H,c lb; prunes. Italian. 4HW''VjC lb I reach. :i'',i4r -me lb: flint. California blaeka. ( r.MIK.c; do. white. 74He lb: plums, pitted, <t (lc; raisins, seenea. lancy i-in cartons, DO parK uiri's to eae. 8',ic pkg; seeded. 12-os cartons, 7tie: loose Mtmcatefles. BO-lb boxes, 6Vi(g7',,o ID; lonnon layers, si.Y((r(z.Hi N'utH I'esnutx. flfti7c per lb for raw, BlftlOc for rousted; eoeoanuts. saw.0e per dox: wal mils, HHf '.re. per lb; ulne nuts, 10120 p'r m; nicKory nuts, ine per ro; cnestnuta. Kaalern. l.'jfdlOc per lb; Brazil nuts. 10c per IT); nitjertH. inline per ro: fancy pecans, 14 j:ic per in, aauonas, iKttioc per in. Meats and Povisiona. Fresh Meata Ileef, prime, 7HS8V,P! hulla. r.(ci!SVjc; cows, 0"(7e: iwrk. 7"WSe; veal. iTVjc; mutton, 4 SH Vic. gross; dressed, 78c; lullins. uresseu. i hiojc. Hums. Macon. Etc Portland pack (local) Ilbids. 10 to 14 lbs. 14'ic; 14 to 10 lbs, Uyte; lu eukfast bacon. 1,'lOc; picnics, 11 Vic; cottage, 11 ),,(; salted sides. 124c lb; smoked sides, l.Htie: dry salted backs. llc; bacon backs, lliT-c: butts, salted. nM,c: smoked, lovjc lb. Fjistcrn-packed Hams t.'ndrr 14 lbs. 15'4e; ori-r 14 lbs. 14c; fancy, lft'ic; picnics. 114c; shoulders. 114e; dry salted sides, unsmnked. l'.'c; breakfast bacon. lSVs&lOUct fancy li,c; liutls, IHiftj ia:',r. I-ocal Lard -Kettle leaf, 10s. IS'tdc: Zm, 12ic: riO-It) tins, 12Vc; steam rendered, 10. llHe; s. 12c; 50s, llVjc; cMnHuud tierces, 'Be tid, x'ic Kustcrn I.srd Kettle losf. 10-lb tins, 124c; fis. lL'c; no-lb tins, 12c; steam rendered Kts. i:iV: W. lltc. Alsivc pirckisg house prices are net cash, 15 duys. Fliti -Rock end, 7c; flounders. fc; halibut. 4s, Hug mil, 7c; crabs. $l,r0 dox: razor clams fir doa: striped bass. 124c; salmon. 8c: soles. 8c; lobsters. 1e; shrimps. Puact Sound irc: cutllsh, flc lb: PtiKPt Sound herring. 4c lb. -The DRIED FBTITS QUIET. RAN FnANCISCO, May 25 California Fruit Grower says: The prune, like other cured fruits, is indisposed and confined to the house for the, present. The Porter Brothers trouble has had Its effect on the mar ket and very little will be done Until the situation clears up somewhat and a general understanding bad as to the size of that company's holdings and wnat disposition -ts to be made. of the bame. The growing crop is looking well for this time of the year, but will undoubt edly fall far short of a full crop. The German steamer Memphis sailed from hereJia 14. carrying among other cargo pounds of prunes for Ham- burp. Direct mall a.lvlces from Budapest, May state that the prune crops of ltosnia and Hervia will be light. At that time the fruit was dropping from the trees In alarming quantities. Prices were advancing on npot prunes in store houses as well as for new crop future prunes, autumn delivery. Spot 1 stocks are reduced to a minimum. ,!,', hardly exceeding 100 carloads of 10,000 Kiios; eacn. As to the California crop, Indications I i point to line large fruit, but as t,o quantity 11 is very naru to say this .ally in the season. Jfew York Summary. NEW YORK, May 25. It Is officially denied that the Western Union Is seri ously crippled by the Pennsylvania ac tion. The United States Leather Com pany Is considering; the raising of $5, 000,000 working capital and stockhold ers will be given an opportunity to ex press their opinion as to the way and means. Union-Sharon properties of the Steel Corporation are showing: hand some profits, over charges and sinking fund requirements, the Steel Corporation 65,000 tons of steel rails at $28 on ac count of the condition that delivery of a part should be made at once. It Is re ported that President Cassat believes that Pennsylvania must duplicate its present lines to take care of the road's business. Damage to crops and railroads from heavy rains are reported in Kan sas. Railroad officials are not worried over the demands of the freight hand lers' at various Western points, this be ing the unskilled branch of labor and is easy to supply. Important Standard Oil interests are sellers of St. Paul and New York Central. Forty-five roads for the second week in May show aver age gross Increase of 13.32 per cent. Twenty active stocks show a decline of 1.81 ier cent. Twelve industrials show a decrease of 1.16 per cent. CHICAGO, May 25 Liverpool wheat unchanged to lower; Parts, to eynt higher; Antwerp, unchanged. Our market showed some weakness early on cables and the fine weather, but no pressure developed except In short wheat, and the closing was strong. The crop news is still the dominant Influ ence. The) tendency of advices Is rather dlstlnctlyworse, and the area of com plaint Is Increasing. It now extends from Indiana to Oklahoma, with an occasional murmur from Nebraska. The latter on account of too much rain. The Southwest markets report more country buying orders Induced by the deteriora tion In the orop. California is atlll without rain. Broomhall reports the weather on the continent as perfect. The cash situation Is rather slow, al though exporters report continental bids more encouraging. The May deal seems practically settled. The stock of grain In the regular warehouses ts: Wheat, 4,558 bushels, a decrease of 673, 000 bushels. The estimated cars to morrow, 90. Xilrerpool Corn Higher. Liverpool cofn Is .yt higher. The mar ket here was rather firm. Nebraska and parts of Iowa are complaining of too much wet weather and the delaying in planting. This made the local covering of shortsNln this market. There seems also a little congestion in the May corn, which tended to strengthen the feeling. No change in conditions of supply and demand, and the outlook la for a large movement in the near fu ture. Tho stock of corn in the regular warehouses la 1.160.000 bushels, a de crease of 188,000 bushels. Estimated cars tomorrow, 445. Oata, One Dollar. The oat market here was extremely dull and without change. There seems nothing in the cash situation to move prices much either way, and the future! are controlled by the crop, conditions. Thestock of oats In the regular ware - 1. I 1 AAA V I .1 .. , . nouses TS alvvw uupiicibi, mi iimreewe vx 91,000 bushels." Estimated cars tomor row, 276. Provisions Easier. . The provision market was easier, There was. some buying through-brok ers of lard and ribs for. local packing. interests, but as a rule the smaller pack ers find Chicago the most favorable mar ket, and are holding their stuff here, as they make it.' There is no improve ment in cash demand. Outside specula tive trade is light. enabled him to make fairly accurate estimates on the amount of damage done the fruit crop of Iowa by the re cent freezing weather. Mr. Greene says the damage ' has been over-estimated and that .it will average about 10 per cent for the dif ferent fruits. The loss on apples is estimated at. about 9 per cent for the State., that on pears 21 per cent, on peaches 4, on grapes 7, on berries of , different kinds 10 to, 12 per cent - The heaviest damage has been to the Portland Has Outgrown Pres- fe ShnoeKm. SS'S?1 em ransportation - More iMwTnVn: ovTrVper VeSSeiS UemanaeCU cent of a crop. Cherries iiave dropped to 56 per eent since the freeze. . I I I r T J 11 n The heaviest damage naa Deen aiong L-UUll DUarU Of raae naS Been the Missouri River and In the south Asked to Take Stock in arMtern pttrt or tM "T NftW T.DOn-Tnn rW fnr tOirooir butb pbuhes. I al VS W I V I LSlLAL I UI I .... 9 "Tit 1 " . ' . -r j s 1 I The demand ror silver prunes, accora- 'IniS Important Irade OnlVi mr he Produce Markets' Review, of I fjllgmim, 1MB WCIVJ . ...... . I an impetus from a reduction in values, The rapidly gro'winr trade between tMlttlng the1r be,n" Bold at 8d Per Portland and th? Cm, Bay county Tnd' retailers, that Journal has made . d.mUli fn, adds, ara to be found who are making ers. it Is reported that the California satisfactory progress in introducing this Porim'-SSUMfc Company J the notice of the public but has been trying to secure three more are still some who apparently al- .t..m nn...2 . 4" " Vu 'i- l""" low themselves to be influenced by jer- vvbovvi m tv iDiuiuiw ueir urea ..... . . . . ent fleet, but owing to the rush of haP? ""fortunate experiences, in Hhe trade all along the coast, they have nd consequently are loth to be- been unable to obtain suitable vessels. i'eve there Is a trade to be done n Th mnreh.r.,. i the article. A business of considerable iowri are Deginning 10 rear that their r " r I i. 7 11. interests are not being made as prom- by persistent pushing of this inent as they should be. ao they have ,ru"' and theI? woud ,appe4ar laxen a hand in the matter. The Coos Bay Chamber of Com me roe has been corresponding with various Oregon and California ship builders regarding not only the cost of a new 1,000-ton steamer, but also as valid reason why a similar trade should not be cultivated in the United King dom. ' . -' rxviTS a now nr isaxo. The last crop report for the State of to the time when the vessel would be I Idaho reads in part as follows: All ready for active service. The builders fruit crops made rapid progress during have informed the men of Cooa that the week; trees are rapidly coming into a steamer of the alxe wanted could be bloom in northern and eastern sections; built and ready for regular sailings be- in southwestern valleys early fruits are lore the nrat or the year. I making' rapid growth, while later varie- Somewhat XTp to Portland. ties are still In bloom; as a result of the Secretary Max M. Shlllock of the X i!"' YH' -1- Rn.H TJ. .1,1. 1 ...-j W"" "u variciicu ui uV- 7ur iT- i-.. - : Pl" art thin on trees In some orchards, n -;,.""" 'V ' l" tT C ut the general condition is good; straw- vbvbih S'lHI. IUV I VllUil ID l lliai f -.r YL- k"7 r TOST8 kill cantaloupes 914 va 1 Ilf, a 1 113 lid tV UVH L . I "We herewith ben to call vonr at. Advices have been received frofn tentlon to the fact that we have takan Rocky Ford. Colo., to the effect thaJL up the matter of constructing a suit- 11 recent rrost Killed many or the can- able steamer for the Portland. Coos taioupe. vines that were up. All the Bay and San Francisco run with the beet8 ,n tne valley were killed. Many Simpson Lumber Company, and we are ot the v)ne of the cantajoupes were confident that If satisfactory induoe- no1 aDove grounu, ana tnose mat were ments are offered to them, they will "Bve oee" repianiea. build a boat of 1,000 tons capacity. CKXOAQO HABKXTS. (These quotations ire rtiraisuvd br Itollon de Ruvter A Co.. 102 Third street, ueur 81urk. Memlters Chicago Board of Trade.) CHICAGO. Mar X.The uroduce market ra nired as follows: Wheat- Open. $00.70Vs .44 3 3H' May July oorn May ... July- ... oats- May ... July . . . Pork Mny ... 18.(12 July ... 17.4BB bard May . . . July . . . K lbs- Mo v ... July ... s 8.9T 8.08 9.37 0.55 High. 800.77 .74 .45 V .4514 .3H .34 19.00 17.52 8.97 8.97 9.56 Iw. 100.75 73' .4 . M .33 is 182 17.40 8.87 8.87 0.45 Clone. $00.7.'. n 7B AT, W .36 .33 18.02 17.45A 8.87 8.'J5 0 0.55 j- Depends on St. PauL NEW YORK, May 25. The immediate course of prices will depend upon the action of St. Paul. Important directors aver that the suggestion that the dlvl dend will be reduced on September 10 next, when action. wUl be taken, is "too Irresponsible and too absurd to consll7 er seriously, or to dignify by an official denial." Big banking interests insist that at going prices stocks have liberal ly discounted all such unfavorable con ditions as labor troubles and the kind There will be fo fight other than exists between' the Pennsylvania-Gould -y' fac tions. The Kuhn-Loebs, who are friendly to both, think well of the general mar ket at this level. VISIBLE STJPPIiT XS 8K0ST. World's Wheat Crop Shows a Decrease of 3,453,000 Bushels. CHICAGO, May 25. The world's vis ible supply of grain is as follows: This Tear Last Tear Wheat 27,220 30,629,000 Corn 4,396,000 4,297,000 Oats 5,439,000 2,315.000 Stooks and Bonds. S S 23 DESCRIPTION. f : j : g I 95 I 01 Mi I Corn Sells Preer. CHICAGO. May 26. The country sales of corn in this market during the week were mainly from Illinois, and probably aggregated 44,000,000 bushels. Grain was sold for June shipments, some of It for the first half and some of it for the alter half. It was freest country sell-, ng of the season and was the result of better weather and the progress in planting. Guessing on Weather. CHICAGO. May 26. Liverpool wheat; to lower. Corn unchanged to higher. The map shows normal condi tions, showers In the West and clear in the Northwest. The market has been kept guessing by the crop reports for the past two weeks, but this week should reveal something more definite. So far there has been bullish news enough to hold the price, but nothing more. The weather on the continent for the past week has been favorable. California still needs rains. There Is apparently Utile pressure on the price by reason of the stocks, as they are very light and it will probably be a scalping market. Corn is likely to be a question of supply. Anaconda Mining Co.. Aiu. Opper Company. Atchison, com do preferred ....... Am. Car & Found., com. da preferred Am. Kugar, com Am. Hiuelt., com do preferred Baltimore At Ohio, eol. do preferred Brooklyn Hnpld Transit. Canadian 1'nrlflc, com.. Chicago. Ac Alton, com.. do preferred Chi. & Ut. West., com. Chi., Mil. tt St. I bl. & North., com,.... Chicago Terminal Ily,... Chesapeake & Ohio..... Canada Southern ....... Colo, fuel Jt Iron. com. Colorado Southern, com. no zu preferred do 1st preferred...,. Delaware & Hudson... Dela., I.ark. & West.. D. & K. U., com...... do preferred Erie, com do 2d preferred do 1st preferred..... Illinois Central IjiiimvIIIc & Nashrllle Metropolitan Trae. Co. Manhattan Klevated Mexican Central Ky .. Mexican National Minn., St. 1'. & Ste. H do preferred , Missouri Paclllc M., K. & T.. i-oni...... do preferred New York Central . .'. ; Morfolk 4 West., com. do' preferred . ....... NITY., Ont. est...".";. I'enaylranla Railway ... P. .. L. r. Co Pressed Steel Car, eom. 07HI 95 I 95 till I 01), I 74SI T4H-73fc 73, aim ao 95 Vs 37 Vi Ml 123 48 OS M714J VI 82 128 28 20 1S0U 175 1 40 'j 0 B8 30(4 6214. 171 Hel 33 85 33 54 Vj 60 136 113 129 137 Vt 89 124 95 8V4 91 12'., 128 H ." 88 V4 151 W 176 15 88 (Hi 1221122 861 fTis 60 I OOVs capable of making 12 to 14 knots per nour. with splendid passenger accom1 modatiors.' "There is no doubt that such a boat would not be only a paying proposition 10 tlioae who care to take stock in It, but that it would have a tendency to bring Portland and Coos Bay into closer business and personal relations, We have asked our merchants to take 110,000 of this stock of the new ves sel. Thus, you see, we have the ship per s on this end and those to whom the shipments are made owning stock In tho boat and specifying that all freight shipped to them shall be ship ped, on. this particular boat. The matter will be. brought before the Board of Trade at its next meet ing, and it is thought that some action towards securing the new steamer will be taken. HOG PRICES SLUMP. Chicago Quotations Slide Down Fifteen uems rrom oararaay s uiose. cartie xigner. CHICAGO. May 26. Receipts of live stock In the principal packing centers of tne country today were: Hogs. Cattle. Sheen, Chicago . 60,000 19,000 18,000 Kansas City 6,000 3,000 6,000 Omaha 6,000 2.800 2.600 Hogs opened weak, 10 to 20 cents low er, and closed 15 cents under Saturday's close. There were 4,600 left over from Saturday. Receipts a . year ago were 47,000. Ruling prices are: Mixed, .15.75 6:26; good heavy, .206.40: rough heavy, f o.75fij)B.lb; ugnt. . 4Ufg)B.u. cattle 10 to 15 cents nigner. Sheep Steady. HOP CONTRACT AWARDED, 120 27 V4 07 20 147 171 16 40 W I 30 69 I 00 8! 7 20 V. 20 30 'A 02 W 172V4 33 Mi 85 34 Vi 60 B8M1 lift) 114 130 137 do preferred Pse. Mall Steam. Co. Reading, coin do 2(1 preferred... do 1st preferred... Ben. iron steel, com. 'To 26KI 2HVi 2241 22 60V, i 00 1184!120 2!) 2 170 12l V. 27 V, TVa 20 148 173 16 2 V4 09 7 VI '1914 30 V4 61 1; 171V4 .!250 33 213 84 84 V4 33 541 C6 133 112 129 130 24 21 A' 134 112' ia) 1W 24 106 V. 54 125 , 8 89 201!!, 126 100 Vi 00 89 28 48 67(4 82 16 57V4 57 118118 103 2.1 52 104 23 53 y. 10 24 54 120 124125 8 07 I 07 80 I 88 I HH'i ;2R1 2fl 20 izaisvi preferred , T P0ETI.AND WHOXESAtE PRICES. . ' Grain, Flour uti Feed. Whest-tl alls Walla, 72c; tiluestem, 77c; - V,-- tme.-- ;'-"4- Itsrlet Keed. JSl.of): rolled tiled. .. uata No. 1 White, .1.17il 20; gray, f 1 15 II7. ,'.....' r'lir Ksten Oregon : I'ateuts. fl.IBifi4.30i it TdamnMd W 4.20; Mrafcrhts. ,3.36; Valley, , :i.o"3.tO; a-rahsui. V4, 13.15; 10s, t3.55. iliirtuffl4,, .1100 jaw too; aai4Bga. ZXOBTA MEXiOVS SKIPPED. The crop bulletin for the State of Florida "reads In ,part ns follows: A few melons and peaches are belne shipped; the quality is inferior. Citrus trees are vigorous and the copious rains ' Iiirerpool Wheat Ziower. will do much in the way of destroying! LIVERPOOL. May 25. Opening: the red snider, which has been giving' Wheat. July.' 6-3 1-3. 4j' lower; corn, trouble. Pineapples will fill out rapidly j July. 4-51i, unchanged. and the flavor will be improved. The j Midday Wheat: July 6-3, lower; week has been very ,f avxrable for agrl- j September, 6?1. lower. , cultural and horticultural needs. Corn July. 4-6, higher; Septem- - I her, 4-3 , higher. HEW YOR.K OBAPES SXX.Z.ED. , .. m- - The Grane Bidt.-of .Jiunjeirk.N. , Y I . VEaiBTABX.E 0XS XKPOBTXD, - -says that grape buds at Ripley anaV at ' NEW YORK. May 25. The-custom North East are reported one-tenth, to house reports say that during 1902 the onfdurth killed. At Frecjqnia. Ni Y., United States expended $8,718,691 in the grower ay the, Injury has been severe Importation of vegetable oils,' this sum The cause I is ald ;to be th poor wood exceeding the Import value of the year grown lat4yar. before by J2.070.TI3, " , t: i. KOCH ISIBIII1. rin do nri'ferred Boutnern Kaiiwar, com. OO preferred Southern I'nelDe 8t. L. & San Kran., com. no an preferred ... do 1st preferred.... St. L. & S. W., corn. do prefi-rred Texas I'aeltlc Tenii. Cnnl A Iron. . , . T.. St. L. & W eom do preferred Colon Parltlc, com .. do preferred r. 8. leather, com... do preferred , I. 8. ltuldter. com..., do preferred . . ... .- I', 8. Steel Co.. torn.. do preferred : Wheel. & Lake Erie, com no .an - preferred . . ;-y, . lo 1st preferred...... Wisconsin Central, com. do ' preferred '. Western Union Tel..,.. w minim, eom "41 -do preferred .Total an ,.a, l7l38,OO0?" M0tu-f. an. per eeat 30 71 27 IHIV4 no 73 65 78 20 55 ZI 3 8 12 B4 14 66 30 W 22 Hrt v 87 t-1 21 42 -82 as, ,r 45 100 50 8 28 40 a 16 75 .'M 72 27 o 14 50 74 65 78. 20 47 31 66 21 40 85 80 12 05 14 bo. ; i: 81 23 36 - R7 I 21 20 43 42 824 1 81 25l.25 45 I 43 0M 55 8 27 47 IK, 81 15 75 37 71 2H 80 48 72 65 77 20 45 30 54 20 38 83 88 ia t4 14 4 30 80 22 35 120 Wl 65 80 28 48 65 81 15 73 37 72 20 8!!4 40 72 65 77 20 45 30 64 21 38 84 88 2 04 14 80 22 38 57 2 a 25 44 (Journal Special Service.) 8AT.EM, May 25. A hop contract for the sale of 10,000 pounds of this year's crop, has been filed with the County Recorder. By the terms of the contract John Porter & Sons of Jeffer son agree to sell to B. Schwars & Sons of New York their crop at 16 cents per pound, 7 cents to be advanced for cul tivation and the harvesting of the crop. XXUHOIS TOMATOES XXXAXD. Speaking for the southern part of the State of Illinois, the Fruit-Growers" Journal, Cobden, 111,, says of the fruit prospects: Frosts in the latter part ofs Aprll and early in May created con sternation among the fruit growers of Southern Illinois. It is probable that from 40 to 60 per cent of the tomatoes in this (Union County) had been planted out in the field when the frosts of early May came. Of these a large part that were uncovered were killed or badly in jured... This county probably grows three-fourths of the tomatoes that are grown in Illinois. . - Never before had so large a number of tomatoes been started in the hot beds as were started this spring, and had Ihey all been set in the fields the crop would hav been so large, if thaV season 1 was1 favorable, that the markets would be glutted and the prices obtained would necessarily be below the line 01 profit. With half the vines killed the crop will yet be as large as profitable markets can be found. - The frosts were a blessing in disguise, and the disguise , not very disguising either. All depends now on the future weather. Apples, pears, and cherries are not materially Injured, and at this time promise a moderate crop, Strawberries will be a light crop. Peaches and plums have gone Into winter quarters and will not be seen again until the ground-hog puts in an appearance next spring. OAUPOKHIA OT7TS BACXWAJU). . Some growers in the southern end of California are already talking about the coming walnut crop. The catkins do not appear to be fertilizing the nujts, according to reports. If this be true, a shortage in the output for the coming year is probable. FREIGHT RATES TO BE SLASHED Representatives of All North' Pacific, Lines Operating to the Orlent Will Meet, in Se- , attle Today, An Effort Will Be Made to ialyf Force the China Commercial vjuiMuuiiy 1 iuiii 111c iiaiyfv Pac f c Fre eht Field. AT ' , Transportation companies, operating steamships between the North Paclflo Coast and the Orient are - trying to freese out the China Commercial Com pany, the new concern which recently announced that freight would be. car ried between San, Francisco and t the Orient at the rate of 14 per ton, On the strength -of the announcement sv eral large ocean steamships were chap tered to their full capacity. The 'situation demanded Immediate " action, and accordingly a special meet ing of the Asiatic Freight Bureau has beenValled today, when representatives of the following lines will meet in Seattle:' Boston Steamship Company, Boston Towboat Company, Northern Pacific Steamship Company, Bprtland Astatic Steamship Company! . Ntppen Yusen Kaisha and the Canadian Pad Ho Hallway Company. " Just what line of action will be agreed upon Is doubtful, but from ' au- lhi,.l,l,r. a.,,MA In ttnWI.M 1 1 ' ri learned that the 'companies named A' I practically agreed to force the rate to a bitter finish, and, if possible, the China Commercial Company the field. The Pacific Mail Company, of San Francisco, recently announced that un til further notice freight would be car ried to ports of call In the Orient, for (1 per ton. This is the lowest rate that has ever been made from the Wi?srir6iiSfv'of the United States to China and Japan. It Is a losing prop-, ositlon for them and cannot last long. An official of one of the companies to be represented at the Seattle con ference stated that It is probable that the trans-Pacific freight rate will be re duced by all companies to $1 per ton and a systematic attempt made to force underbldder from the field. Whether or not the attempt will" be successful is doubtful. Tho China Commercial Company, It Is slated, is backed by heavy 'capital In the Orient and is in the field to stay. . The cause of the trouble Is that the China Commercial Company is a new concern, recently. Incorporated under Liverpool Cotton. LIVERPOOL, May 25. Cotton opened English laws, and several of the wealth steady, 6 points higher, and at 1:30 I lest men in China are identified with it p. ra., net was 2 to 3 points higher on and an official announcement 1 made near, and 3 to 4 points higher on late I that the company is In a position to months. Spot is unchanged at J6.28. withstand a long siege of rate-cutting. Sales are 8,000 bales; American, 7,000. Receipts are 9,000 bales; American, 7,000. ' SAPID AUTOMOBILE. Local Stock Receipts. PORTLAND UNION STOCK YARDS. May 25. Receipts of livestock in the local yards today consisted 'of 220 hogs, 76 cattle and two cars of horses. Rul ing -prices are : Cattle Best, 6.60; medium, J5. HogsWeaker, 6c. Sheep Weak, Sc. Lambs 4c. Mile-a-Mlnnie Beeord Made At Cleve land On Trial Speed. The mlle-a-minute automobile has been demonstrated at Cleveland, where a new machine weni around a mile track in but two seconds over one min ute. Reports have been heard of racing automobiles In Europe which attained a speed exceeding 60 miles per hour, even on the public highways. But this THE OBATE OUTLOOK. is the first established record ef that The outlook for an exceedingly heav,y speed in this country. If automobile crop of grapes in the Alfji district, Tu lare County, Cal., is reported to be good. KB X WIGHTS XX . CONCLAVE. (Journal Special Service.) PHILADELPHIA. Pa., May -25. The; Grand Commandery, Knights Temolar. ef Pennsylvania, assembled in 60th an nual conclaye in Philadelphia tndav with an -attendance of between 8,000 and 10,000- members of the order and almost an equal number of other visi tors. A brief opening session was held today when the visitors were welcomed to the city by Mayor Weaver. The big parade will take placte tomorrow and in the evening the annual ball will be held. The- gathering will adjourn Wed nesday after the installation of new of ficers. owners have the fancy for risking their necks by running at this speed, and do It exclusively on tracks set aside for that purpose,' the public cannot object. If the use of such racers is to spread it must be on highways made especially for their use, just as steam railway tracks are set aside for the use of the locomotive. But any attempt to at tain the mlle-a-minute speed on tbe ord, lnary highways, or the mile in two or even three minutes, for' that matter, should be promptly and sharply sup pressed. No such rat of travel can be made consistent with the safety of the public in the general use of the highways Anyone who attempts it should promptly receive the punish ment due to criminal recklessness, Pittsburg Dispatch. f" EKEBsoir CEarTsmrzAL sfeaxeks. (Journal .Special Service.) NEW YORK May 25. One of the most notable of the many functions to be held throughout the country this week in celebration of the 100th an niversary of the birth of Ralph Waldo Emerson will be the commemoration dinner to be held by the. Society of American Authors this evening at the Waldorf-Astoria. The speakers Include Company, vice-president; A. C. Blair of Colonel Henry Watterson. Chancellor A. C. Blair & Co., treasurer; L. A. A. CLEVELAND COMBINE. ' '' There was recently filed with' the i secretary or state or Ohio articles ofl Incorporation by the Consolidate- Fruit Company, with a paid up capital of $50,000. This company Is organized to absorb a number of prominent fruit and produce handling houses of Cleve land. The officers are: W. E. Bigalow of the. Bigalow Fruit Company, presi dent; W. A. Banks of the W. A. Banks MacCracken, President Schurman of Cornell-University and Dr. William T. Harris, United States Commissioner '.of Education.' A. Banks Company, H. Bigalow of the Auction Company, Monarch - over sprains, stings. Thomas' Electric Store. pain. Burns, Instant relief. Oil. At any outs, 7 Dr. drug REAL ESTATE TRANSFERS. P. A. 6, 7. Paris Wheat. . PARIS, May 25,-Wheat cloSeil steady, unchanged, to 5 ceptimes. higher. Flour Is stesdy, with quotations 6 centimes higher. " . j , LONDON BAIL STOCKS. LONDON, May 25, 2 p. in. Anaconda declined ; Atchison advanced .-preferred advanced f; Baltimore & Ohio declined ; Chicago & Alton declined ; St. Paul declined 1; -Erie, first, ad vanced ! HHnols Central advanced. ; Louisville -A Nashville advanced .44 ; Mexican Central declined' '; New York Central declined ; Ontario & Western declined ; Norfolk advanced ; South ern Pacific declined. , preferred de clined -V: Union Pacific advanced ; United States Steel declined preferred declined 14i-Consola 914, declined j " IOWA CBOV BEPOBT. i (Journal Kpeclal 8ervlce.y "" DES MOINES, May ! 25J-r-Reports from 50 localities In various parts of the State Jto Secretary Wesley Greene of the 8tae Horticultural Society have John Druck to C. A. and Burkhardt. w. lots block 125. Couch's add ..$ R. M. Riner to Security Abstract & Trust uo lots e, e, w lot . 4, block 1, Ramona --, E. R. Glisan to Hannah M. Lar son. E lot 7, block 294, Couch add. . .."I Frank Muletta and wife to Matilda Thompson, lot 13, block 3, Cen ter add. . . : . . Lydla A. Wells and husband to Arrlna W. Dart, lot 16, block 9. Miller's add. . Geo. E. Watkins to The First Na tional Bank of Portland, undlv. 2000 660 add lots 6,r 7, block 91,Couch 80 125 7600 Sheriff (for Mrs. R. E. Gerould) to Lizzie V. H. lierouia, lot 3. - block 61. Woodstock 4 John Sehnepel et al., to H. E. No- . f ble, trustee., lots 27, 28, hlock 2, Woodlawn 1 J. i. Hartman ea)., te Port of Portland, parcel landin A. L. Miners add T. . . . 14,000 Richard Helmbach and wife to K. Dimbat. parcel, land sec. 17, twp. l.s., r. 1 e. 65 Park; and- Co. to. Isaac Thomp son, lots 1. 2, "block 106. Uni versity Park. . , '. 550 Title Guarantee & Trust Co. to . ' Oak Lumber Co,, sundry lots -Northern-Hill add., 1 acre sec. 16. twp. 1 n r. 1 e. ....... . - 2 Eureka Land Co. to same, lots 12 to 15. inclusive, block, 12, Willamette, except right "of way , . - to St. Johns Motor Ry. Co. i . . . 2 '' 4 ' ! 1 1 ' ' , ' ' TOB ' OUABANTEED . TITLES. See Pacific. Coast Abstract. -Guaranty & Trust, uo., zu-&-b-i railing jamming. Banks of the W. secretary, and J. Cleveland Fruit manager. The new company has bought out the Cleveland Fruit Auction Company and all of its. fine ecuipment. The houses consolidating are the Bigalow Fruit Company, the W. A. Banks Company and A. C. Blair & Co. These three houses will continue their regular job bing houses in the commission Vilstrtct, as heretofore. The new company WHl act as purchasing agent for the three ' firms who have consolidated and wUl . take cave of the auction- business. -Mu lt will be to the interest of large shippers and associations who expect to use the Cleveland market to gv in touch with the new "organization. TV- APBICOTS AND ALMONDS SXOBT.N? A dispatch sent from Marysvllle, Cal., under a late date reads as fol lows: From Interviews with leading growers it is learned that the apricot and almonfl crops this season will fall , much below the average. While many treeB are-full and look well, the aggre gate crop for this section will be light, some estimates placing the shortage ;. at one-half. The unusual heavy rain of Xf arch is regarded ' as the cause. Peaches and other fruits,1 however, are looking well and promise a f ull, 4f not a better crop than usual. S A SMALL BEAN ACBEAOE, The Ventura. Cel., Free Press, states that buyers who are trying to bear the bean market in Ventura County report the acreage this year will be 70.000. This is being denied by . the men who are , raising the crops. One of them says tbecreage 4ast year we 30,000 and tt iwjif hot he much more this sea-, PIBST AVBI00T8 SETPPED. An advice from Wlnttra Hnti (ho 18th. reads as follows: X Five boxes, of apricots, the fi'rsi shipment ffOm Call- n . isia in.nnM. aK.. I fornla for the season.: left Winters con to real estate from the T tl Guarantee "JSfffpl to the Earl Fruit Company, New & Trust Co., Chamber of Commerce. Tort - .i',' 7. i,