THE 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,