The Sunday Oregonian. (Portland, Ore.) 1881-current, September 27, 1914, SECTION TWO, Image 35

The Sunday Oregonian., September 27, 1914, SECTION TWO, Page 15, Image 35

Image provided by: University of Oregon Libraries; Eugene, OR

About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Sept. 27, 1914)

Prev Page of 76 Next Prev Issue Next Text PDF JP2 (4.7 MB) Clip/Print Image

Return to Top

Prev Page of 76 Next Prev Issue Next

Newspaper Page TextTHE SUNDAY OREGONIAN. PORTLAND, PEPTromiTR 27, 1914. WHEAT SOLD ABROAD Exporters' Cables Report Two Cargoes Turned. TOTAL MILLION BUSHELS Otlier Business May Have Been Worked Secretly British Govern ment In Control or Import Situation at Liverpool. Private cable received In the grain trade yesterday reported the sale of two cargoes of Portland wheat in England during the week. These cargoes aggregate about 1,000. 000 bushels. The cables confirm, to that extent, the reports that were current hers that much business had been worked for English account. How much was done that was not publicly announced no one knows. Wheat buying in the country was pursued less actively in the latter part of the week. Farmen are now more disposed to bold on to their wheat, as they have sold a good part of their crops, and financial conditions In the growing sections are easy. The pur chases made yesterday were at full prices. Forty-fold was bought at 90 cents country, and club was taken on the basis of 95 cents track here. The following Associated Press dispatch was received yesterday. "Chicago. Sept. 26. On those days when the Board of -Trade has been unable to obtain quotations on grain from Liverpool, the quotations were suppressed by the British censor. It was salt! by members of the local board today. The statement was made after an investigation, and adds that the Liverpool market, which is influential in basing American prices, is practically con trolled by one man representing the BritlBh government and that on those dates when quotations were suppressed on the cables this agent was buying for the government." If the British government has such close control of imported wheat supplies as is in dicated In the above dispatch it la likely that prices will not vary much in this coun try from now on. The purpose of the British authorities Is evidently to prevent prices from going up in the Interest of British consumers and governmental purchases. The only way the American farmers could beat the game wouid be to keep their wheat off .the mar ket, and this might furnish an opportunity DU Ir MS Lite BllUttllOU IB cooccrDflu It looks as if a good start has been made In 'exporting the Northwestern surplus. With more tonnage offering and war insurance rates easing, export business is now work able more nearly on normal lines. The chief obstacle is the extreme rate demanded by steamer owners, and there is reason to be lieve a weaker freight market Is not far dis tant. Wheat bids at the Merchants Exchange yesterday indicated a steady market through out. Ninety-eight cents was offered for forty fold and 94 cents for club. Sellers, as has been the case all the week, wanted from 1 to 3 cents more than was offered, and no business resulted. For feed oats. $2S was bid, a half dollar more than was offered on Friday, but sellers demanded 27. One hundred tons of No vember oats sold at S27.60. Barley continued easy and the prices offered earlier in the week were not 'obtainable. Mill feed was steady. Only 25 cents separated buyers and sellers of shorts. Shipments from India and Australia for the week were: This wk. Last wk. Last yr. India 704,000 3J8.O0U 1,256,000 Australia 184.000 448,000 Local receipts In cars were reported by the Merchants Exchange as follows: Wheat Barlcv Flour Duti T-Tnv xaonaay . ...... Tuesday Wednesday. ... Thursday Kriday Saturday "Vear ago Total this week Year ago Season to date. Year ago ill 12 26 23 14 98 24 9 11 8 10 7 15 9 9 10 71 3 8 2 2 71 12 3 1 10 132 24 11 1 . 10 147 11 7 12 7 690 90 66 47 64 950 106 B5 115 86 4769 438 671 556 418 4267 613 673 467 590 PRICES AT BOTTOM Coarse of Market Will Depend on Growers' Attitude. Several hop sates were reported yesterday. Including the Tedrow & Sons lot of 80 bales at Monmouth, and Mrs. Burton's crop of 200 bales at Independence. The prices were not announced, but are believed to be around 14 cents. An offer of 15 cents was made for 275. bales of choice hops, but the offer was not accepted. The belief prevails that prices have now reached bot tom, unless growers offer more frely. A London cable was received that esti mated the English crop at 500,000 to 650. 000 hundredweight. Current prices quoted were 60 to 05 shillings. A letter from Bernard Bing, Nuremberg, Germany, under date of August 29, has been received, m which he states that thus far only the early hops had been picked. These constitute only a small portion of the crop, but the probabilities were that most of the hops would be harvested, as a co operative organization has been formed for that purpose. The warm, wet Summer had been beneficial and an excellent quality was the result. Only a moderate price was looked for, provided the bulk of the crop was harvested, as at that time there semed little - hope that any hops could be exported from that country. Thornton & Manger, hop dealers of Lon don, say in their annual review: "It is very difficult under existing cir cumstances to form an opinion as to the future course of the market. On the one hand, stocks of old hops are excedlngly small, and we have only the English growth and what America can spare for export with which to supply our requirements. Con sidering the supplies available during the last 12 months in conjunction with the greatly increased consumption of beer, brew ers cannot hold much stock, unless the legitimate article has been superseded by substitutes. "To what extent the brewing trade will be affected by the war, it is impossible to say; but it is only natural to suppose that so long as the present state of things continues, merchants will act with caution and regulate their purchases in accordance with the demands of their customers. The American 'position will be affected by the absence of customary imports from the Content, and there may be, from various causes, some delay in their ability to ex port hops to England. Meanwhile the trade may be expected to gradually ac commodate Itself to the situation, particu larly when brewers realize they have such excellent quality to choose from." MPASKSE BUYING PINK SALMON aid to Be In Market for Total of 100,000 Cases of Flab. Japanese buyers are reported to bo In the market for about 100.000 cases of cheap sal mon. It is said in salmon trade circles that One large packing concern has closed a con tract with Japanese buyers for a consider sole block of pinks on the basis of the opening price of 90 cents f. o. b. Coast for tiiat grade. It is understood that the buy ers for the Cj-iei.t are not averse to taking on lots of cheaper grades. No particulars as to the quantity Involved in the transaction or terms, except the bare fact that the sale was made on the basis of price demanded by the seller, could be obtained. This. It Is believed, is but the first step in the direction of a large business In the cheaper grades of salmon with Japan, which reckons fish among Its chief food resources. Packers are about through with offerings of red Alaska, being closely cleaned up, and second hands show no anxiety to sell. There Is reported to be a considerable inquiry for runner supplies of this grade for shipment irom the Coast, but In the absence of ofter- lnga f. o. b. business is at a standstill. Other grades of 'salmon, especially sockeyes and Columbia River chlnooks. are strong under light offerings. WYNTE GRAPES IN CUtLOAD LOTS Liberal Supplies Brought "Prom California. Peach Season Knds. California wine grapes comprise a con iderabls part of the receipts from the ""Jtiern state. A carload was received Fri day, another car came in yesterday, and a third car will be on hand Monday. These grapes are selling at J32 a ton. They are bought largely by Italians and Greeks for home wlnemaklng. No California table grapes were received yesterday and supplies on hand cleaned up well. Local Concords sold at 11 4f 12 Vi cents. The peach season is drawing to a close. Salwaya and other late sorts are still com ing forward, but eftere is not much "demand. Apples of aj kinds are coming in freely and move moderately well. The cantaloupe movement from the South is not yet ended, as another car Is due from California early in the week. A large shipment of Washing ton huckleberries came In yesterday. They offered at 8 cents. The steamer due Monday will have a good supply of vegetables, also a shipment of Va lencia oranges. POOR MEEK FOR POULTRY AND MEAT Heavy Receipts Cause Demoralized Market. Eggs Steady, The past week was an unsatisfactory one in the poultry and dressed meat trade. Re ceipts were very heavy and buyers took ad vantage of this fact to force prices down. Many of the shippers no doubt lost on what they shipped to the market. It has been months since arrivals were so large and the market in such a demoralized condition. The indications are that the coming week will show some improvement, as supplies from the country are not expected to be so large. The egg market was steady. Receipts of fresh ranch were small, but other kinds were in sufficient supply. No changes were re ported in the butter or cheese market. lionk Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland l,B2o,b74 24.0B2 Seattle 1,07,S0 220.3S5 Tacoma 813, U3 47.1H0 Spokane .... ' 551,021 60.0U7 Clearings of Portland, Seattle and Tacoma for the past week and corresponding week in former years were: Portland. Seattle. Tacoma. 1914 111.161,702 $11.44S,3:!8 2.0aS,05S 1U13 13,S7,70 14.3li7,J.")U 2,410,454 1012 .... 12,o;iS.7S3 11,07.DM 4,3o2.233 1911 .... 11,400,424 30,755,21)0 4,4bW,204 1010 11.278.1S4 11,772.514 5.001.445 1909 .... 6,805.414 S.0112.7U9 6,632,280 17 .... 7,S."i;i,ti!l3 11,227,233 6.05U.574 l(l .... 6.3Ofi,047 12,2tiS,570 4,1oo,5b5 1005 .... t),22S,!57 B,04,2) 3,370,008 1M04 .... 6.274.K17 6,010,lHi4 8.3H4,!M8 1903 .... S.S78.50B 4,553,543 l,0,7ill 11102 4,300,479 4,535,800 1,505,003 1001 2,742,045 4,112,574 1,271,301 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed, Etc. Merchants Exchange, noon session. Wheat Bid. Asked. Bluestem S 1.02V4 t 105 Forty-fold 08 1.01 Club ) .00 Red Russian 00 .02 V- Ked fife Olri .03 Oats No. 1 white, feed 26.00 27.00 Barley No. 1 feed 20.50 22.50 Brewing 22. no 24.00 Bran . 23.00 25.00 Shorts 24. 50 24.75 Sales 100 tons November oats at $27.50. All quotations for prompt delivery. MILLFEED Spot prices: Bran, l0 26.50 per ton: shorts, 29.B0 ; roiled bar. ley, 28. FLOUR patents, S3.40 per barret: straights, $4.60; graham. $5.40; whole wheat. $5.00: exports. $4.20 a 4. 40. CORN Whole, as per ton; cracked, $39 per ton. HAY Eastern Oregon timothy, $18017; grain hay, $1112; alfalfa, $12 13.60. Dairy and Country Produce. Local Jobbing quotations: KGGS Fresh Oregon ranch, case oouau 32V..C; candled, 33(&35c. POULTRY Hens, 2V413c; Springs. 12 H 13c; turkeys, young, 18 g 20c; ducks, luetic; geese, lOrllc. BUTTER Creamery prints, extras, I6c per pound: cubes, 3032c CHEKSb Oregon triplets. Jobbers' buytng price, 15 kic per pound f. o. b. dock Port land; Young Americas, 16c per pound: PORK Block, 10V4llc per pound. VEAL Fancy, 12oa13o per pound; rough and heavy, 9(&llc. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITa Oranges, $2.260 3.00 per box'; lemons, $6 06.50 per box; bananas, 44gc per pound; grapefruit. California. $3.25; pineapples. 6t0 7c per pound. VEGETABLES Cucumbers. $1.50 per box; eggplant, 7c per pound; peppers, 6c per pound; artichokes.. 85c($l per doz.; coma toes, oOl&Ooc per "crate; cabbage, lfec per pound; peas, 10 11c per lb.; beans, 6& 8c per pound; corn, 75c$l per sack; celery, 6085c per dozen; caullliower, $i..25p 1.73 per dozen; asparagus. $2.25 per box; sprouts. lUc per pound. ONIONS iellow. $1191.25 per sack. GREEN FRUITS Apples, 75e4$1.50 per box; cantaloupes, $1 Gail. oil per crate; ca sabas, $1.25(1.00 per dozen; pears, $1(1.50: peaches, 45l65c per box; grapes, 75c$L5t per crate; cranberries, $8.50 per barrel. POTATOES Oregon, $1.35 1.50 per sack. Yakima, il.oO; sweet potatoes, 2!c per pound. Staple Groceries. Local Jobbing quotations: SALMON Columbia River one-pound tails. $2.30 per dozen; half-pound flats, $1.60; one-pound flats, $2.55; Alaska pink, one pound tails, $1.05. HONE Si CPoice. $3.25 per case. NUTS Walnuts, 10Vs4J2oc per pound; Bra zil nuts, 14c; hloerts. 14&15C; almonds. 2dc; peanuts, Static; cocoauut. $1 per dozen, p. cans. 14i315c. BEANd Small white, 614c: large white, 6Viic; Lima, be, pink, 0c; Mexican, 7feo; bayou, tic. COFFEE Roasted. In drums. 18tt38ttc per pound. SUGAR Fruit and berry, $7.30; beet, $7.10; extra C, $6.80; powdered, in barrels. $7.56. SALT Granulated. $16.50 per ton; nalf ground, 100s, $10.75 per ton; 60s, $11.50 per ton; dairy, $14 per ton. RICE No 1 Japan. 6e: Southern head, 67 He; island, 6c DRIED FRUITS Apples. 8 Ho per pound; apricots, 1410c; peaches. THc; prunes, Italian. 10&)12Vc; currants. &4c; raisins. 8&8c; Thompson, ll.c; un bleached Sultanas. 8c; seeded, 7ta 12c; dates, Persian, 77c per pound; fard $1.40 per box. FIGS Packages, 8-oz., 50 to box, $l.ul package; 10-oz., 12 to box, 80c; white, 25-lb box, $1.75; black, 25-lb. box, $1.75; black 80-lb. box. $2.50; black. 10-lb. box, $1 16; Calarab candy figs, 20-lb. box, $3; Smyrna, per box, $1.50. Hops. Wool, Hides. Etc HOPS 1914 crop, 14(15iic; 1913 crop, nominal. HIDES- Salted hides, 13c per pound; salt kip. 14c; salted calf. 18c; green hides, 12c; dry hides, 25c; dry caif. 28c; salted bulls, 10c per pound; green bulla, &)gc. WOOL Valley, lota W20iis; Eastern Ore gon, 16200. MOHAIR 1014 clip. 27fco per pound. CASCARA BARK Old and new. 4o per pound. PELTS Dry. I3c; dry short wool. 9c; dry shearlings, 10c each; green shearlings, 15 W 80c each; Spring lambs, 24ir25c; g-een pelts, short wool, August 6uc. July 60c grM lambs. July 65c August 76c Provisions. HAMS 10 to 12-pound, 21t22Hc; 11 tQ 10-pound, 21H22V4c; 14 to 18-pound, 21 j22Vc; skinned. 18Vi&22c; picnic, 15c BACON Fancy, 30 32c; standard. 24 a S7o. DRY SALT CURED Short clear backs 14itfl7c; exports, 15 to 17o; plates, 11 (J 13c LARD Tierce basis: Pure, 12j,i4c; impound, 8c. Oils. KEROSENE Water white, drums, bar rels or tank wagon, 10c; special, drums or barrels, 13Hc; cases. 17420VsC UASOL1NE Bulk, 14c; cases, 21a En gine distillate, drums, ic; cases. 14 ic Naphtha, drums, 13c; cases. 20c. LINSEED OIL Raw, barrels, 72c- boiled, barrels, layfcc; cases. 17e20Hc Chicago Dairy Produce. CHICAGO. Sept. 26. Butter Receipts 655S tubs, unchanged. Eggs lower. Receipts 4914 cases, at mark, cases Included, 1821c; ordinary firsts. 19 K 20c; firsts. 20fr21c. Dolnth Linseed Market. DULTJTH. Minn.. Sept. 26. Linseed: Cash, $1.48 H; September. $1.42 Vi; December, $l-46. -. Hops at New York! ' NEW YORK, Sept. 26. Hops, steady. GENSOHTS HAND SEEK " Liverpool Quotations Said to Be Arbitrarily Fixed. ENGLAND WOULD BUY LOW Chicago 'Wheat Traders Believe For eign Market Is Being' Manipulated by British Government Offi cials to Cover Buying. CHICAGO, Sept. 28. Sharp reduction of prices at Liverpool caused a deelded set back today In the wheat market here, de spite general belief that to obtain war sup plies to advantage the British government had arbitrarily fixed the Liverpool quota tions and otherwise interfered with condi tions likely to affect trade. The close in Chicago was steady, but lc to IViC to lc unaer last night. Other net losses were: Corn, to a and oats to HHc Provisions finished the ame as last night to 12 He advance. According to cables which were allowed to pass the English censor there was an increased pressure of -wneat ' sHipplies in Liverpool and a smaller demand, with a prospect of larger worla shipments, includ ing some from Russia. At first this view was given full credit and made the market here heavy from the start. Later, however, assertions were current that Investigation had shown the British government to have been responsible for withholding Liverpool quotations entirely for inree days this week. wnue immense supplies were being pur chased for England or tier alliea. Statements that the lowered prices for wheat reported from Liverpool today were wnony arbitrary and represented no actual business dealings led to a moderate rally here in the last hour of the session. The retfovery was helped by talk of 600,000 Dusnels navlng been sold today for shipment to Europe from Gulf ports. Corn suffered from the depression of wheat. Weakness spread to oats, notwithstanding active inquiry from the seaboard. Foreign buying of lard gave some strength to provisions. . An early advance In the hog market had some effect in start ing an upturn. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. Sept. 1.05 Dec 1.09 1.09 1.08 1.08 May 1.15 1.18 1.15 1.16 CORN. Dec 70 .70H .89 .70 May 11 .7$ .7$ .7814 OATS. Dec 49 .49 .48 .4 May 5$ .52. .52 .62 PORK. Jan 19.S7 19.90 19.75 19.77 LARD. Oct. 9.53 9.65 9.60 9.66 Jan 10.05 10.07 10.02 10.0s RIBS. Oct. 10.85 10.86 10.80 10.80 Jan 10.50 10.60 10.45 10.60 Cash prices were as follows: Wheat No. 2 red, 11.06 &L06H; No. S hard, $1.05 1.06. Corn No. 2 yellow, 7677c; No. I yellow, 7676lc. Rye No. 2, 930. Barley 58 072c. Timothy $3.756. Clover Nominal. Puget Sound Wheat Markets. TACOMA, Wash., Sept. 26. Wheat Blue, stem,- $1.031.04; fortyfold, 07c; club, 88c; fife, 05c. Yesterday's car receipts Wheat. 25; bar ley, 1; corn, 1; oats, 1; hay, 2. SEATTLE, Wash.. Sept. 26. Wheat Blue stem, $1.04; fortyfold, 08c: club. 0c; fife. 60c; red Russian, 8Sc; Turkey red, 98 c. Yesterday's car receipts Wheat, 66; corn, 1; oats, 8; barley, 14; hay. 20; flour, 5. San Francisco Grain Blarket. SAN FRANCISCO, Sept. 26. Spot quota tions: Walla Walla, $1.07; red Russian, $1.0Sr 1.00 ; Turkey red. $1.S0; bluestem, $1.801.S5; feed barley, $1.101.12 ; white oats. $1.501.52; bran, $20; middlings, $31 32; shorts. $30 31. Call board Wheat, easy. Barley, easy; December. $1.13; May, $1.22; October, $1.11 asked. Minneapolis Grain Market. - MINNEAPOLIS, Sept. 20. Wheat Sep tember, $1.04; December, $1.08; No. 1 hard. $1.09; No. 2 Northern, $1.08 1.04. Flax, $1.43 01.45. Barley, 53 065c. Knropean Grain Markets. LONDON. Sept. 26. Cargoes on passage, 3d to 6d lower. LIVERPOOL. Sept. 26. October wheat. 8s 4d; December wheat. 8s 7d; September corn, 6s 4d; October corn, 5s Od. CATTLE MARKET STEADY LIQUIDATION OS LARGER SCALE TJURIxa PAST WEEK. . Ran of Hogs) Normal and Prices Are Healthy at Close Quiet Busi ness) In Sheep Division. Six cars - of hogs were unloaded at the stockyards yesterday, and the half day's business was almost entirely in this divi sion. Buyers paid a nickel more than on the preceding day. taking the best swine at $3.20. .Receipts were 539 hogs and 1 cow. Ship pers were: With hogs C. E. Lucke, Canby, 1 car; J. E. Dlnsmore, West Stayton, 1 car; Reiner Bros., Payette, 1 car; J. A. Laner & Bros., Payette, 1 car; Charles White, Pomeroy, 1 car. With mixed lots John Berger, Wash tucna, 1 car, cattle and hogs. The day's sales were as follows: Wt. Price. wt. Price. 1 cow ... 850 $4.50 9 hogs ... 318 7.20 1 bull ...1170 4.501 88 hogs ... 184 8.20 2 hogs . . 43.1 5.35! 61 hpgs .. . 1S5 7.90 70 hogs .. 215 8.151 .1 hogs ... 336 7.00 5 hogs . .'. 300 7.05 87 hogs ... 219 8.05 104 hogs .. 1BO 7.35142 hogs ... 200 8.20 3 hogs .. 313 6.3.'n 63 hogs ... 201 8.05 6 hogs . . 288 7.70 The official weekly market report of the Portland Union Stock Yards Company fol lows: "Recelrsts this week have been: Cattle, 1732; calves, 30; hogs, 30B5; sheep, 6101. "Cattle market steady. Liquidation con siderably larger compared with last week. Best steers, $0.75 to $7; cows, $6 to $6.15; heifers, $8.25 to $8.50; bulls. $4.75. "Receipts of hogs not exceptionally large; trade steady, with beet stuff going over the scales. $8.15 to $8.20. "Sheep house had a quiet session, as only a few head of mutton and lambs were of fered for sale. Choice young iambs reached $6.25 Thursday. Ewes featured again at $4.50. Wether deal small. Trade closed on a steady basis." The following sales are representative of the week's trading: x Wt. Price.) wt. Price. 53 steers ..1158 $7.15! 178 cows 1213 $0.00 104 steers ..1111 7.001129 cows ...1137 5.75 141 steers ..1213 6.80 1 bull 1512 5 00 27 steers ..1137 8.75: 2 stags ...1121 6.25 167 hogs ... 186 8.30 1 heifer .. 810 8.00 3oB hogs ... 227 8.25! 1 year ... 8.60 6.00 92 hogs ... 213 8.201177 lambs .. S3 6.25 935 hogs ... 1S2 8.15 11 ewes ... 106 4.75 8 cows ...1121 6.15' 72 ewes ... 113 4.50 32 cows ...1102 6.10 3 yr. wth. 118 5.60 Current prices of the various classes of stock t the yards follow: Cattle Prime 'Steers $6.T57.00 Choice steers 6.50g6.75 Medium steers 6.25i)0.5o Choice cows 6.00Si6.15 Medium cows 5.25&5.75 Heifers 5.50Si6.50 Calves 8.UO08.y Bulla 3.004.75 btagt, - 4.50&6.00 Hogs Light 8.00ISS.20 Heavy 7.00 0 7.20 Sheep Wethers 4.00 5.40 Ewes 3.6034.50 Lambs 5.006.00 Omrtia Livestock Market. SOUTH OMAHA, Sept. 26. Hogs Re ceipts 2700. market lower. Heavy, S8 00& 8.40; light, $8.10 8.30: pigs, $7.508.2?. bulk of sales. $8.058.10. Cattle Receipts 100, market steady Na tive steers, $8.00010.25: cows and heifers $5.75ei 7.35; Western steers, $S.S58.2 Texas steers. $6.O07.25; cows aad heifers. $5.75 7. 0U; calves, $8.00 10.25. Sheep Receipts 100, imarket stes Yearlings, $5. SOW 8.00; wethers, $3.00 4 5.60; lambs, $7.15 7.65. Chicago Livestock Market. CHICAGO. Sept. 26. Hogs Receipts 50O0. market siow. early aavance lost. Bulk. $7.W&8.50; light, $8.5OS'0.O0; mixed. $8.00 8.00; heavy, $7.75&8.75; rough, $7,700 7.90; pigs. $4.75(88.60. Cattle Receipts 200, market steady. Beeves. $.86i& 1 1.05; steers, $6.25a9.15; stockers and feeders, $5.40$ 8.35; cows .and heifers. $3.60SU9.15; calves, $8.00 11.75. Sheep Receipts 2000. -market steady. Sheep, $4.SO5.70; yearlings. $5.75&6.40; lam Us, $6.25 & 7.75. CONCERTED ACTION BY GROWERS Judicious Handling of Apple Crop Suggested by Government Bureau. In sizing up the apple situation in the United States this season, the Government, In the Agricultural Outlook, Issued by the Department of Agriculture, declares that the problem of distributing the Nation's apple crop is more complex than It was two years ago, owing to the uncertainties of the European war situation, although tha crop Is not as large as it was then. The Government recommend a liirltMnna handling ot the crop as the solution. Just what it means by judicious handling Is set ioi-iu in several pointed suggestions. Con certed action through co-operative associa tions is strongly advocated. Those par agraphs applying to conditions in the North west are as follows: "Growers who live in communities where co-operative organizations are operated should do all possible to strengthen such exchanges. It is asserted that the dis loyalty of members is the chief element of failure in co-operative enterprises, and grow ers are strongly urged to support their asso ciation as the best way to effect satisfactory distribution. "Inferior grades should be eliminated from the green fruit market, not only for the rea son that the demand for such grades will be very limited, but also because their presence in the markets will undoubtedly hamper profitable disposition of the better fruit. "All apple-growers, operators, dealers and associations should early arrive at an esti mate of true values in order to secure a quick movement. If arbitrarily high prices rule in the beginning of the season, the crop will not pass readily into consumption, but on the olther hand abnormal accumu lation and congestion will occur throughout the channels of trade with disastrous re sults to all concerned. "Growers should pick the fruit in uniform condition, gleaning the trees only for what is ready to come off, repeating the process until the crop Is harvested. The advantage is to secure a longer time for- distribution and to prevent the pack from representing extreme stages of maturity ranging from ripe to green. "When picked the fruit should be handled from orchard to cars in such a way as to prevent deterioration, care being exercised to protect the apples from the elements. Under proper conditions fruit which is picked today should not be paoked until tomorrow, and for this purpose shelter should be provided. "Only standard varieties well packed should be placed In cold storage for the rea son that prices likely to rule in the late Fall and early Winter as the Inevitable result of liberal offerings of common storage stock will probably limit the demand for cold storage apples until midwinter." SECUBITIES i DEMAND FOKK1GN' SELUG ORDERS KAIL. TO MATERIALIZE. Resumption of Dealinsa In Hoods and Stocks Indicate Early Return to Normal Financial Conditions. NEW YORK, Sept. 26. Th& outcome of the ISew York City loan operation and the probable success of th $100,000,000 god pool to supply relief from the pressure for foreign exchange afforded subatantial en couragement to financial sentiment this week. The loan was accepted as a touch stone of the bond market. Its over-subscription, with large applications from small Investors throughout the country and Its prompt rise to a premium which represent ed an interest rate but little over 5 per cant, relieved much of the apprehension about bond and note maturities of municipalities, states and corporations which must soon be provided for. This requirement. It , Is believed, has in fluenced the banks In conserving; resources. A more liberal disposition now seems to be shown, the suasion "exerted by the Treasury Department also conducing to that end. Resumption of dealings in bonds, short term notes and unlisted stocks under the auspices of the stock exchange disclosed a volume of demand and an absence of the dreaded flood of foreign selling orders that proved most cheering to hopes of a return of normal financial conditions. Immediate response in foreign exchange rates was less pronounced. Exact conclu sions as to the amount of foreign partici pation in the New York loan were difficult and the amount of gold which may have to be exported to Canada remains Indefinite. Confidence is strong, however, that the se curity offered by the $100,000,000 fund would reassure foreign creditors and reduce the actual demand for goid. Strength of ex change was attributed to deferred demands, October Interest and dividend disbursements and the result of the new British morato rium. CASH GAIN NEARLY SEVEN MILLIONS New York Banks RducriK Deficit In Re serve. NEW YORK. Sept. 26. The statement of the average condition of clearing-house banks and trust companies for the week shows that the cash reserve Increased $7,674,700, leaving a deficit of $30,709,400 below legal requirement! The statement follows; Increase. Loans $2,226,706,000 $3.576,UOO Specie 32o.774.000 5.225,000 Legal tenders 80.1KJ5.000 1,6.17,000 Net deposits -1.08.1, 246.000 9'Kt.OOO Circulation 137,261.000 7,545,000 Decrease. Banks' cash reserve in vault, $34O.412'.00 ; trust companies' cash reserve In vault, $t6. -187,000; aggregate cash reserve, $410,670. 000 ; deficit cash reserve, $30,709. 40u ; de crease, $7,674,700; trust companies' reserve with clearing-house members carrying 2o per cent cash reserve, $52,827,000. Summary of state banks and trust compa nies in Oreater New York, not included In clearing-house statement: Decrease. Loans and investnVts.$584.630.100 $3,24S.44jO Gold 41.146.000 250.000 Currency, bank notes.. 13,477,500 S.BOO Total deposits 650,534,300 3,027,200 Increase. Sterling; Exchange. NEW YORK. Sept. 26. Closing Mercan tile paper, 7 per cent; sterling exchange strong; for cables, $4.00; for demlnd. $4.08. Bar silver. 53 LONDON, Sept. 26. Discount rates, 8 84 per cent. . !ORE COFFE E 6TEAME RS STOPPED German Cruisers' Activity Causes Nervous ness in New York Trade. NEW YORK, Sept. 26. Rumors that other British steamers with coffee cargoes from Brazil had been interfered with by German cruisers served today to Increase the nervous ness of the coffee trade here. It was ap prehended that the activity of the Germans In southern waters might result in defer ring shipments of coffee already purchased in Brazil until neutral vessels could be obtained, and, while cost and freight offers were unchanged to 10 points lower, im porters were said to be holding off pend ing a more settled condition In" the matter of- war risks. A steadier tone was reported In the local spot market, but prices were unchanged at 6c for Rio 7s and lOVic to 11c for Santos 4s. Raw sugar, steady; molasses, $4.37; cen trifugal. $5.02; refined, steady. SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City on Fruits. Vegetables. Etc. SAN FRANCISCO, Sept. 26. Fruft Pine apples, $1.502; California lemons, $25; apples, Gravenstelns, 60c $1 Bellflowers, 40 75c; -New towns, 75(&90c. Vegetables Cucumbers. 25 40c; string beans, 2 3c; peas, 5t 6c. Kg?a Fancy ranch, 41c; storage, 3oc. Onions Yellow, 45 55c, on dock. Cheese Young America, l415c; new, I0,&14c; Oregon. 16c. Butter Fancy creamery, 28c; seconds, 27c. Potatoes Delta Burbanks, per sack, 75c $1; sweets, $1.50 1.60 per sack; Salinas Burbanks, $1.501.60. Receipts Flour, 3540 quarters; barley. 8950 centals; potatoes, 5555 sacks; hay, 4yi tons. Dried Fruits at New York. NEW YORK, Sept. 26. Evaporated ap ples, easy; fancy, I0'(fl0c; choice, I)9UC; Drime, 88VsC Prunes, unsettled. Peaches '.ui! and nominal. 1- TRADE WAITS Oil WAR Substantial Recovery Will Come With Signs of Peac,e. ADJUSTMENT UNDER WAY Country Stands Shock or European Conflict Remarkably Well, and Disturbance Is Tjess Serious Than Was Kxpected. Henry Clews, of New York, writing on the effect ef the war on financial and indus trial operations and prospects for the fu ture, says: "This country is rapid Iv adjusting Itself to war conditions and- already shows visible signs of recovery trom the terrlflo blow which fell upon the entire civilised world more than six weeks ago. That blow smashed the world's credit system in a fashion never before experienced and never expected by those responsible for the war. or by those who were able to estimate its effects. Nevertheless, the shock has been met with remarkable success in this country, thanks to Intelligent co-operation between Gov ernment, tlnanclal and commercial1 inter ests; and, while the difficulties to over come are still of the gravest character, end while further disasters may yet be possible, the situation Is vastly better than at any time since the war began and the outlook Is certainly for steady improvement; There Is a better demand for commercial paper, and foreign exchange is declining and at the lowest since the war. Finance, grain and cotton bills are each in better supply and tend to prevent gold exports which other wise would be Inevitable. The success of the New York City 6 per cent loan, and the improved condition of the Bank ot England are also encouraging factors. "Much necessarily depends upon the progress of the war. An early end of the struggle would bring absolute relief, followed probably by a sharp rebound in values. A protracted struggle would, however. Impose a growing strain upon an already seriously weakened financial position abroad. If the allies are determined, as Is said, to crush militarism, that means the end will not come until exhaustion of one side or th other. An earnest movement Is betng made xor peace, but at this stage of the strug gle, it seems hardly likely that Germany would accept such proposals as the allies may be expected to make. It Is said this war Is costing about $50,000,000 a day. which fs at the rate of about $18,000,000,000 a year. These figures are probably somewhat exag gerated. Besides, it should be remembered that in time of peace the huge armies or Europe have cost staggering sums; so that the net increase in the war is not represent ed by Us present actual cost. The worst effects of the struggle at the moment ar the awful carnage, the wanton destruction of property and the wholesale demoralization of finance and commerce. Happily the finan cial situation is gradually improving, both In London and New York, "No arrangements have as yet been made for the opening of the Stock Exchange at these respective markets tor the reason that thus far. no plan has been devised for taking care of the securities which would probably be offered for sale from abroad. Until some plan of gradual or partial resumption Is de vised It is the part of wisdom to keep the exchanges closed; disappointing as that may be to the large numbers vitally Interested in their resumption. "'Next to ending the war, the surest means of stock market resumption will be a re vival of confidence. Thus far Investors seem to have held their heads, and th greatly improved financial condition of the last few weeks warrants distinctly more hopeful feeding regarding the future of in vestments. There is no doubt that any shrinkage in our investment securities re sulting from the war will be made good within a reasonable period of time aftet the war is over. History shows that in all wars a sharp recovery in security values fol lowed after the worst effects became known. The world's output of securities annually amounts to about $4,000,000,000. The war will, of course, result in a vast output of foreign loans, for posterity will be obliged to pay the costs. It Is quite probable, therefore, that the output of new securities In this country will be curtailed for some time to come. This of, itself will have a steadying influence upon security values here, especially those of the better class. There is another reason for preserving confidence In regard to American securities, which is that they are now at a very low price, having withstood the strain of un favorable conditions both at home and abroad with remarkable success. Again, the United States will feel this war less than any other civilized nation In the , world. To a large extent this country .Is self-contained, and is less dependent upon foreign trade than any other country at present involved In war. Our foreign commerce, it Is true, has re ceived a shock; but the disturbance has not been as serious as expected, and though our August exports showed heavy losses the later foreign commerce returns indicate that we are rapidly returning to more normal conditions. , - "In home Industrial circles a more con fident feeling Is developing. Oood crops are helping the West wonderfully. Through out New England there are signs of recov ery. The actual stoppage of Industry has been less than expected, and In some cases Increasing activity la already noted. Our textllo mills stood the shock well, some of them being engaged on foreign orders; and our steel Industry Is also giving a better account of Itself than at one time antici pated ; an Increasing Interest being shown in export trade. Vigorous efforts are already being made In the latter direction by our bankers and export merchants with indica tions that a considerable Increase In foreign trade will come to the United States as a result of the war. "There Is Just one other element for revived conf ldenee, which hss been almost lost to sight by the European tragedy, which is the abatement of hostility at Washington to large corporations. The Government is already showing a more friendly attitude to big business and there are signs that the spirit of prejudice Is giving away to reason. The plight of the railroads has been some what aggravated by the war, and something will undoubtedly have to be done to Improve their earning capacity. A great many re adjustments of one sort or another have been made within the last few months which are bound to improve the resisting quali ties of investments and will undoubtedly lead to a substantial recovery as soon as the signs of peace become more positive." Commercial Notes. Confirmation of the sinking of the British freighter Diplomat by the German cruiser Emden was received last week by burlap factors. The destruction of this steamer, which occurred In the Bay of Bengal, is particularly Interesting to the trade at this time because It is estimated that she carried between 20,000,000 and 25.000,000 yards of burlap for New Orleans. A London letter says of cascara bark: "A little better demand. Stocks here are about 100 tons less than last year; CO to 60 tons would clear this market of the cheap bark offering. Demand may Improve under the present condition of ' things; 1014 KTOp, 14S. Philippine purchases of products of the United States advanced from $,000,001 in 1009 to $10,000,000 In 1910, $20,000,000 In 1912, $25,000,000 In 1913, and $27,000,000 In the fiscal year ended June 30, 1914. The first car of grape fruit ever brought to this city from the Isle of Pines will be received by Bell A Co. tomorrow. Hereto fore Portland's supply of grape fruit has come from California and Florida. An American Consul in Europe reports a dealer in toys, novelties and bicycles for children is desirous of buying from. Amer ican manufacturers or exporters. Corre spondence In French or Portug'iise. An American Consul In England reports that a corporation in his dlslnst advises that Its firm in Australia desires to get into touch with American mills in a oisitloa to supply Oregon and redwood tlmbsr directly to Australia, without the Interposition of agency commissions, etc. , California almonds are pretty well sold ip and the Exchange and outside operators report being well cleaned out of he Hatch varieties and the pther lines are getting low as well. The Exchange several days ago withdrew on Nonpareils and No plus. The comparatively small quantity avi;able for United States consumption, taking Into consideration the crop In California and the foreign situation, has given almonds a very strong position, even at the high r rices. Mail advices from New Orleans My that 1 rice buyers and sellers were apart In their views, with the result that little or no busi ness was done. Sellers said tha: tbey von storing the bulk of their supplies in. ware houses. It is said that Texas ml Lb are now showing some interest In the local market and It will not be long until they will be large buyers of the Louisiana crjn. With reference to canned corn, the Chh cago "Canner" states: "The maraot is in pretty strong shape. Standard Ohio corn is being offered at 65c factory, but not very much of it. There is no Illinois corn being offered now, and on Iowa standatd corn the market Is 70c factory. There is going te be a shortage on fancy corn of all rradei." Router's Melbourne correspondent tele graphs that there is a serious shortage of bags and woolpaoks in Australia, where nearly 20.000 bales of woolsacks will be waited during the next two mon.hi, as well as 70,000 bales ef corn sacks. Sacramento hop men estimate the Califor nia crop at between 100,000 and 105,000 bales. Naval Stores. SAVANNAH, Ga., Sept. 2d. Turpentine, nominal at 45Vbc; no smles; receipts, 68 bar rels; shipments, 10 barrels; stocks, 27,241 barrels. Rosin, nominal; no sales; receipts, 410 bar rels; shipments. 6-4 barrels; stocks, 112,007 barrels. Quote: A. B, $3.50; C, l, $3.52H; E, F, G, H. L $3.55: K. S4.15: M. $4.50: N. $G; WG, $tf.25; WW, $6.35. STATE BOOKLET CLOSES 28 CANDIDATES FILES FOR SPACES IX PAMPHLET. Ten Republicans. S Democrats, 4 Pro gressives, 2 Prohibitionists, a In. dependents, 1 Nonpartisan. SALEM, Or.. Sept. 26. (Special.) Secretary of State Olcott announced at the close of the time for filing statements for the pamphlet that the following named aspirants had filed: Charles B. Moores, chairman Repub lican state central committee, filed a general statement of the principles of the Republican party and eeparate statements of the following named can didates: C. N. MeArthur, for Representative In Congress, Third Congressional District. V. C. Hawley, for Representative in Congress, First Congressional District. James Withycombe, for Governor. Thomas B. Kay, for State Treasurer. Henry I Benson, for Justice of the Supreme Court. Lawrence T. Harris, for Justice of the Supreme Court. Thomas A. McBride, for Justice of the Supreme Court. Henry J. Bean, for Justice of the Su preme Court. George M. Brown, for Attorney-General. The Democratic state central commit tee, by B. E. Haney, chairman, filed separate statements of the following candidates: George E. Chamberlain, for United States Senator. AVilliam M. Ramsey, for Justice of the Supreme Court. William Galoway, for Justice of the Supreme Court. John A. Jeffrey, for Attorney-General. " A. F. Flegel, for Representative In Congress, Third Congressional District. B. Lee Paget, for State Treasurer. C. J. Smith, for Governor. Frederick Hollister, for Representa tive In Congress, First Congressional District. Joseph N. Scott, for State Senator, Nineteenth District. The Progressive state central com mittee. T. B. Neuhausen chairman, filed separate statements of the following candidates: William Hanley, for- United States Senator. F. M. Gill, for Governor. A. H. Burton, for Superintendent of fublic Instruction. Arthur I. Moulton, for Representative in Congress, Third Congressional Dis trict. The Oregon Prohibition state commit tee. J. P. Xewell chairman, filed sep arate statements of the following can didates: George L. Cleaver, for Representative In Congress, Second Congressional Dis trict. Curlis P. Coe, for Representative In Congress, First Congressional District. A. W. Lafferty filed statement as In dependent candidate for Representative in Congress, Third Congressional Dis trict. R. A. Booth filed statement as Re publican candidate for United States Senator. Will E. Purdy filed statement as non partisan candidate for Governor. W.' s. U'Ren filed statement as Inde pendent candidate, for Governor. CAR OF EXHIBITS SENT FARM COLLEGES STATE FAIR DIS- FLAYS TO BE EDUCATIONAL Demonstrations to Illustrate Care of Diseases of Chickens. Tree Setting; and Other Practical Work. OREGON- AGRICULTURAL COLLEGE. Corvallis, Sept. 26. (Special.) A car load or exhibits from the Oregon Agricultural College left Corvallis to day for Salem, where they will be ex- nibitea at the state Fair to be held there next week. A large number of the departments have prepared In teresting demonstrations. The bacteriology department will make an exhibit showing methods of preventing and curing diseases of chickens, and the approved modern methods of innoculating soils with beneficial bacteria. The Department of Horticulture will show a model of a prune dryer, recently made from spe cial plans drawn by W. S. Brown, of the horticulture faculty. Methods of tree setting and thinning, and methods of grading and packing fruit will complete this exhibit. The agronomy exhibit will Include the analysis of soils, and seed testing by Miss Jacobs, in charge of that work here. Farmers will be invited to bring samples of seeds for a purity test which will be conducted. The animal hus bandry department will demonstrate model pig houses and pens, and the dairy department will have a com plete model of a barn and silo, with accompanying specifications and cost estimates. The Domestic Science Department will contribute a miniature modern kitchen. Art and architecture, Jewelry manufactured by college students and demonstrations In steel work, mould ing ana otner processes in the con struction of metal objects will be shown. Nice Stein-way upright $287. Read naira 14. thin OQVbtUUs EUROPE BUYS SIEEL Export Trade of American Mills Is Increased. HEAVY ORDERS PLACED Contract for Ten Thousand Tons of Special Grade Closed With For eign Governments South America Also Bnyer. NEW YORK. Sept. 23. Some interesting transactions in st.el products for export to Europe and South America were mads dur ins the week by tha mills. The tonnage Involved was not large, but some negotia tions of macnltuds are yet to b. heard from. One European sovernment Is about to close a contract for 10.000 tons ot spe cial grades ot steel and Inquiries are In th market for an aggregate of 1OO.000 tons ol steel bars for Great Britain. It IS expected that a large part of this business will go to the United Slates Steel Corporation. Some of the independent mills, through exporters, secured orders for several thou sand tons ot billets for England and sev eral thousand tons ot steel bars for Argen tina. The only feature of raterest In the rail road situation was the placing of contracts for about l-t.000 tons of rails, including 7200 tons for the Chicago Alton. 3aoo tor the Southern Railway and 100 for th. Baltimore UIIIO. On the contract for tha United States Gov ernment's coaling station at Cristobal, Colon, calling for tons of steel, th. United tates Steel Products Company Submitted the lowest bid. SEATTLE 'HOI' CLOSED "M OTHKIt" RVTHEIl ARRESTED OX TECH.MCAL CHARGE. Institution for Children Flretrap and Insanitary Say Authorities, Who Stop Its Operation. SEATTLE. Wash.. Sept 26. (Spe cial.) Mrs. Ollie H. Ryther, better known as "Mother" Ryther, 65 years old, was arrested today on a warrant issued by Police Judge Gordon yester day, charging her with operating a children's home without permit. The charge is said to be technical, the chief complaint of the city authorities being that the "home" was a firetrap and in sanitary. The arrest was made by C. R. Frasch, an officer of the health and sanitation department. It followed an effort by Dr. C. W. Llppincott. assistant In the health department, to v have "Mother" Ryther 'conform with a decree of the city without causing trouble. After an investigation, conducted several days ago by the city authori ties, Thursday, September 24, was set as the date on which all the children of the home should be turned over to the County Detention Home pending fur ther adjustment. The command was obeyed except for five negro children, ranging in ago from T to 10 years. Efforts to have these children also relinquished were unsuccessful. T. Josenhans, Superintendent of Buildings, inspected the "home" on the same day, and declared that the attic, used as a sleeping place for the chil dren, was a firetrap, the only exit be ing a stairway leading to the center of the house. He ordered the attic closed. "Mother" Ryther was released on her personal recognizance. She will appear for a hearing Monday before Judge Gordon. A new giant engine with IS wheels has been put into uk. on the French railways. It has no tender, but can store eight tons of cob' and 12 cubic yards of water. Its speed fs 7rt miles an hour. . The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Letters of Credit and Travelers' Checks Issued. PORTLAND BRANCH. Corner Second and Stark Sts. F. 0. M ALP AS, Manager. OVERBECK & COOKE CO. Brakera. Storks. Hosts, Cottsa. drain. aSta. ' 316-S1T BOARD OK TRAD IS BUM. UIUIBBHS CHICAGO BOARD OF THAOB. Canessssfests .f Lobss Bryan, Caicaca and New Ysrk. MEMBERS Wpw TOrk Stack Eickssce, raleaso Stack Exchaase, Boston Stock Eachaana, Chleaso Hoard af Trade New .rk Cotton Kxcbsste, Kew Orleans Cotton ExckansTa, Now York Cof too ksesssge, N. York Prodnee Exckange. Liverpool Cotton Ass'a. ON D CORPORATION AHD MUNICIPAL. ROBERTSON & EWING 207-S Northwester Bank Bias. TRAVELERS' GUIDE. COOS BAY LINE Steamship Breakwater Eatla trom Alnsworth dock. Portland. I a, K. Sept. t. 10. 15. to, as. to. rrelrht and ticket offices. Lower Ainswortfe dock. Portland A Coos Bay 8. 8. Lias, L. H. KEATING, A-eat. Pfctouo Mats SVvtt. A Steamer Georgiana eaves Washington-street Cock at T A. M. Dally, Except Monday. . Astoria and Way Landings Returning Leaves Astoria at 2:00 P. Sf. tare, i.tH Each. Way. Mala. 1422,