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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Aug. 13, 1916)
THE SUNDAY OREGOXIAN. PORTLAND, AUGUST 13, 191G. 15 WHEAT YET HIGHER Another Advance Made in Quo tations for Cereal. RECORD IS AGAIN BROKEN Exchange Prices Go to Highest Point This Season Some Falling Off in Sales Reported Canada Crop Is Big Factor. Xti record for wheat quotation for thU feaion wort aaln brolcan In th Portland market yesterday when the bid price of blueetem went to $1.17 a bushel. The advance recorded was a half cent better than the price prevailing on that ft-rade of wheet for the preceding day and was made In the face of a practically stationary mar ket In Chicago. The advance In bluest em quotations was aoooznpanled by similar or arreater advances In the prloee of the other a-radea of wheat. The greatest advance recorded was In the quotations for red fife, which made a Jump of 2 cents over the ruling price on the preceding; day. Red Russian quotations ad vanced 1 cent over the bid price Friday, and all other grades showed a half cent advance. The new quotations for wheat are: Blue stem. $1.17tt; forty-fold. $1.15; club. $1.12; red fife. $1.10. and red Russian. $1.13. Compared with the quotations ruling a year ago, the price of wheat is particularly satisfactory from the standpoint of the man with wheat to sell. Prices a year ago were from 8 to 17 cents lower on the different grades of wheat. The week which closed yesterday has been one of a steady advance in wheat quotations. The week's advance In quotations was as follows: Bluestem, 8 cents; forty-fold, 8 cents; club. 0 cents; red fife, 9 cents, and red Russian, 8 cents. The sales recorded were numerous, and It is estimated that over 10,000.000 bushels of wheat changed hands during the week in the Pacific North west. The volume of trade was probably greatest during the early part of the week Reports from different wheat centers yes terday indicated a slight slackening in the volume of sales. Dealers reported that offers from the East were not so good ao those made during the middle of the week when prices in the Chicago 'and European markets were making rapid advances. The future of the wheat market depends to a great extent upon the condition of the crop in Western Canada, which is as yet to a great extent an unknown quantity, ac cording to the Northwestern Miller of Au gust 9, which says: "All attention is now centered on "Western Canada. Black rust unquestionably exists In not only Manitoba but In Southern Sas katchewan as well. Samples of wheat cow at Minneapolis prove this. "Damage from rust and heat in Mani toba and particularly the southern part, with Brandon as the center, is conceded. From' the big prospects of July 1 the damage In .Manitoba is claimed to be 30 to 40 per cent. "It will be two or three weeks before vheat in the three provinces will be ready to cut. This means It Is late, and there is fear of possible early froqj. August 8 the temperature around Regtna and Edmonton was down to 44 to 40 degrees. While the clays are usually hot. the wheat appears to he not maturing- as fast as It should. "The presence of black rust in Southern Saskatchewan Is considered an unfavorable condition. Samples at Minneapolis show the rust in some cases Is on the stalk of the plant. With the wheat so Immature those who watched the progress of rust In South Dakota believe that with hot, muggy v. gather it could easily spread and prove the agency for serious damage. The growth Is dense While from present conditions In Western Canada good average crops of all grains can be produced, the final showing depends on the weather, and especially upon whether the existing rust spreads aud becomes active." An estimate of the wheat yield this year for the three provinces of Alberta, Mani toba and Saskatchewan places It between 200.000,000 and 25,000.000 bushels. The yield last year .was 807.000.000 buehols. The anticipated shortage there, cotpled with the shortage in the United State. Is taken by the bulls of the wheat world as a further Indication of record prices this year. Terminal receipts In cars were reported by the Merchants Exchange as follows: Wheat Barley Flour Oats Hay Portland, Sat.. . ear ago Total this week. 3 US 70 1T9 3 4 1 48 49 63 24 19 10 37 l!f 251 240 21S 76 117 04 251 1 ... 1 4 5 9 ... 25 144 28 ... 28 107 1 B 3 22 ear ago Season to date.. 414 ear ago 758 Tacoma, Fri. . . . B Tear ago 4 feason to date.. 4R7 Tear ago. . . . . .. GoS gyattle. Fri. ... 14 Year ayo IS tVasun to date.. M0 Tear ago 404 4 15 3 9 20 239 14$ 416 49 316 119 554 OREGON POTATOES OF GOOD QUALITY Crop Production May Be Slightly Under Yield of Last Year. Oregon's potato crop will be of excep tional quality this year. Judging from the early receipts of those tubers which are row coming In. The potatoes are of good eize, shape, smooth and come up to the requirements of a first-class trade. The cr6p production this year will be lightly below normal, according to the latest estimates available, as Is true In all of the four Western states which compete Su this market. Reports Indicate, however. tUat In all of those states. Oregon Wash ington. Idaho and California, the quality of the potatoes will be high. A Government estimate places the potato crop of Oregon this year at 91 per cent, compared with an average for the last 10 years of 95 per cent. The estimate for the other three states is as follows: Wash ington, this year 0 per cent, for 10 years per cent ; Idaho, this year 86 per cent, 3 years 94 per cent: California, this year 81 per cent, 10 years 90 per cent. An estimate of the potato production In the tour Pacific states, gauged by present crop conditions, places it at 42,000.000 busli e, compared with a production of 48,000. 0to last year. There is a decrease in acre age In those four states of approximately 8S.030 acreV The loss in both acreage and production, h Is estimated. Is the greatest in California. The anticipated decrease in potato pro suction should make for a good market en Ihe Coast. However, other things may coun terbalance this, including crop conditions in the East. The crop in the East is good this year, and according to the best infor mation available the potato production this et-ason will reach 375,000.000 bushels, com pared to S69.0OO.000 bushels a year ago. However, local dealers are not of the opin ion that the Increased production in the East will affect the market materially here, wing to the fact that "but few potatoes are ahtpped East from this market. At the present time the potato market is In a somewhat unsettled condition with varying prices. Dealers are paying as s rule from S5 to 60 cents a bushel for the tisw crop, and commission-ho use quotations range from $1.25 to 1.35 a hundred. It Is anticipated, of course, that these prices will be materially lowered by the Influx of potatoes on the market later In the season. Practically all last year's crop potatoes are now off tb market. II IDE MARKET FAIRLY GOOD HERE Good Demand for Leather for Export Re ported From East. The hide market continues fairly good In Portland. Quotations remain unchanged and a fair movement of the product is re ported. Advices from la.rge Eastern centers Indi cate that while the domestic market for hides Is generally easier and trading is spasmodic there Is still a good demand for leather for export. Dun's Review says of the New York hide market: "Country hides In all sections continue low, with the tendency downward. Few sales are znade.u tanners show a lack of Interest for all "varieties and extremes now are In even less demand than buff weights." TOMATO MARKET CONTENTM FIRM Increased Supplies of Cauliflower Now Ceme -to Local Market. The market for tomatoes continues firm, with a very good volume of business. For mer prices prevail. A carload was received from California yesterday and is probably the last which will come from that section this season, as the local product is expected to be sufficient to supply the demand from now on. Increased supplies of cauliflower are now coming In, It la anticipated that a drop In quotations on this vegetable will materialise during the coming week. PEACH MARKET SHOWS RATHER WEAK Liberal Receipts of Peaches Received From California, As a result of liberal receipts from Cali fornia and other points the peach market here Is believed to be weaker than In most other sections of the country, although -a good volume of trade is reported. Prices are not ranging above 75 and 80 cents for the best grads. The market Is also well supplied with Crawford s. Donglae Melon Crop Promising. ROSE1BU.RG. Or., Aug. 12. (Special.) That the watermelon crop In Douglas County will be bigger this year than ever before Is the belief of the growers. Better prices axe expected this year than in previous sea sons. Douglas County will produce several carloads of melons, half of which will be shipped to the Eastern mark eta As in past years, the largest crop will come from the Dlllard district. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $1,940,443 $107,503 Seattle ". 2.552.276 190.9H8 Tacoma 386.6S9 82.535 Spokane 877,801 63.362 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc Merchants Exchange, noon session. August delivery. Bid Wheat Bid. yr. ago. Bluestem $1-17 $1.06 Fortyfold 1-15 1-03 Club 1.12 1.04 Red fife 1.15 .9S Red Russian 1-13 1.00 Oats, No. 1 white feed 2S.00 26.50 Barley, No. 1 feed 30.00 26.00 Futures - Bld- , September bluestem fl.lTH September fortyfold 1.15 September club 1.12 September red fife 1.15 September Russian 1.13 September oats 29.00 September barley 29.00 FLOUR Patents, Stt; straights, 85.30 5.80; experts, $5.20; Valley, $5.80; whole wheat, $6.20; graham, $6. MILLFE ED Spot prices: Bran, $2626.50 per ton; shorts, $2929.60 per ton; rolled barley. 131 50&32-50. CORN Whole, $3S per ton; cracked, $39 per ton. HAY Producers' prices: Timothy, Eastem Oregon, $lS.5O20 per ton; alfalfa, $13.60 14.50; wheat hay, $13.502 14.50-; oat and vetch, $12 12.50; cheat. $11; clover, $10. Dairy and Country Produce. BUTTER Exchange prices; Cubes, ex trap, 26c; prime firsts, no bid. Jobbing prices: prime extras, 27 30c; butterfat. No. 1, 27c; No. 2. 25c, Portland. CHEESE Oregon triplets, Jobbers" buying price. 15 c per pound, f. o. b. dock Port land ; Tillamook triplets, 16c; Young Amer icas. 16c per pound. EGGS Oregon ranch, exchange price, cur rent receipts, 26Vjc per dozen. Jobbing prices: Oregon ranch, candled, 2627o; se lects.' no bid. POULTRY Hens, 1214c; broilers. 13 17c per pound; turkeys, live, 20 (g 22c; ducks, 10 xi 14c; geese, 8 10c. VEAL Fancy, 32c per pound. PORK Fancy, 12c per pound. Fruits and Vegetables, Loral Jobbing quotations: TROPICAL FRUITS Oranges. Valencies, $3.75 (S 4 25 per box; lemons, $5.50 7 per box; bananas, 44c per pound; grapefruit, $3.75 4. VEGETABLES Artichokes. 75c 1 per dozen; tomatoes, 40 90c per crate; cab bage. $1.75 per hundred; garlic. 10c per pound; peppers, 5' tic per pound; eggplant, 7Sc per pound; lettuce. 30335c per dozen; cucumbers, 40 & 60c per box; peas, 45o per pound: beanb, 47c per pound; celery, 75" fe5c per dozen; corn, I025c per dozen. POTATOES New, $1.251.35 a hundred; sweets. 7 Sc. ON"IO:;S California, $1.95 per sack; Walla Walla. $1.752 per eack. GREEN FRUITS Apples, new,-$1.25 (ff 1.73 per box; cherries, 5 10c per pound; canta loupes, 90c per crate; Deaches, SoSOe per box; watermelons, 141Hc per pound; figs. $1 1.50 per box; plums, 75c $ 1.35; pears. $13 2; apricots, $11.25; grapes, $1.50 1.75; blackberries. $1.25; loganberries. $1.25; raspberries, $1.501.75; casabas, 20 2 He. Stapls Groceries. I,ocftl jobbing quotations: SALMON Columbia River, 1-pound tails, $2.30 per dozen; one-half Hats, (1.90. 1 pound flats, $2.50; Alaska, pink. 1-pound tails. 1. HON ETT Choice, 13.25 per case. NUTS Walnuts, sack lots. 16c; Brazil nuts, J5lSc; filberts. 186.18c; almonds, 36 Sc; peanuts. "Vic; cocosnuts, jl per dozn: pecans. lS20c; chestnuts. 10c. BEANS Small white, lHic: large white, 10Vc; Lima. Tc; bayou,. "V-e- pink, 8c: red Mexicans, 7 Vic ' COFFEE Roasted. In drums, 14S3o. SUGAR Fruit and berry, s- Honolulu. $7.05: beet, $7 80; extra C. 7.0; powdered, in barrels. tS.SO: cubes. In haT-roi SALT Granulated. 115.50 per ton'; half ground, 100s. $10.50 per ton; 50s, $11.30 per lilCK Southern, head. &!gu.c per pound broken, 4c; Japan style, 4VjiSo. DRIED FRUIT Apples. Sc per pound- ap. rlcots, 1320o; peaches, Sc: prunes. Italian. Sqc: raisins, loose Muscatels. Sc; un bleached Sultanis, BViSlOc: seeded 9c dates. Persian, 10c per pound; fard $1 65 le,T currants. 1531c; figs, 5 6-ounce. 1,2 -unc. $2.25-; S3 10-ounce, $3.40, 12 10-ounce. sic; bulk, white, 73Sc: black 6c per pound. Provision. HAMS All sizes, choice. 22c: standard. 31c; skinned. 18S20c; picnics. lSVio: oot tag. rolls. 15 Vie. BACON Fancy. 28930a; standard 24 0 25-: cnolce, 18Q23C ' v TRY SALT Short, clear backs. 13H 15ci.S.Iporta- 16lHc; plate. 12S13V4C. LARD Tierce basis, kettle rendered. 14V4C standard, tubs, 14Vc; compound, l-'iic BAKREL, GOODS Mess pork SIS- mat. o"l.3of2i br'sk" pOTK -2-S: rt 9.'io"S Hons. Wool, Hides, Etc. HOPS 1015 crop. ai0c; ll contracts, nominal. HIDES Salted hides. 25 pound, and up. lie; salted hides. 50 pounds and up lc salted kip, 15 pounds to 25 pounds.' 17c: salted calf, up to 15 pounds, 23c; green hides, 50 pounds and up, 13c: green stags 50 pound" and up. lie; green kip, 13 pounds' l.c; dry flint hides. 20c: dry flint calf ud to f pounds. Sic: dry salt hides, iic WOOL Eastern Oregon, fine, 23 A 26c coarse. 30fcS2c: Valley. 35c. potACAKA BARK Old and new. 4Vio pel PELTS Dry longwooled pelts. 21c: drj short-wooled pelts. 17e: dry shearlings. 10a 2oc each; salted shearlings. 1523o each dry goat, long hair. ISc each; dry goal snearilngs. 103 20c. 4 3 5cI"L'WNO' HC: 2l 6HO: Oils. KEROSENE Water white, drums, barrels or tank vTarons. lOVsc: rases, 1SS21U-C GASOLINE Bulk. 204.; eases 'i-SUe-naptha, drums. lbV,c: cases. 25Vc ' UNSEED OIIR.w, barrels. 81c: ran etso.' y'' boiled- brrei. . Sc; boiled. fi.r-t-"f.,r!TI,NEIn ,nk 5Tc ' 61c. lo-case lots, lc lets. .Copper Business Good. .f,JS.RK- Aus 12. A fair demand .Torn both domestic and foreiirn buyers has Kla-in Butter Market. ELGIN. 111.. Aur 12. Butter. 25 tubs at 2y Chlraaro Dairy Produce. CHICAGO. Aus. 12. Butter No market. Sega, receipts 791 cases, unchanged. m.'I . i I". E"PP" market durlne .t, an1 U ' tkat supplies Si? ,1 -.m L n'ar,by 'foment have ben pretty ell cleaned up. Vlth todavs quota Ions for electrolytic ranging from 25H to -it. Iron was unchnsel OATS SHOW BULGE Wheat Market Unsettled at Chicago and Prices Lower. CORN RECORDS GOOD GAIN Wheat Market Influenced by Escape of Canadian Crops From Serious Damage by Frost Railway Mediation Also Factor. CHICAGO, Aug-. 12. Almost corn pis to capo of the Canadian crop last night from x pee tod serious damax by frost tended to day to ease down to some extent the wheat market here. Closing prices, although un settled, were He to lo net lower, with Sep tember at $1.4Z to S1.43, and December at $1.40 to 1.40H. Com wound up c to He higher and oats gained Ho to He. Provi sions finished at a range varying from 80c decline to a raise of 10c Assertions that railway war mediation had failed ted to a transient advance In the wheat market at the beginning of the late hour of the session. During the final trades, however, the outlook was that a strike might yet be averted and that exporters were therefore not to be confronted with a possi ble immediate comparative famine of sup piles for Europe. Corn developed strength. Influenced large ly by the bullish nature of the Illinois state crop report. Oats bulged as a result of Canadian damage reports. Winnipeg dis patches said frost had done much injury to oats. Provisions averaged lower with hogs. Be sides, shipments of lard and meats were less In volume than at this time a year agp. Leading futures ranged as follows; WHEAT. Open Hlg-h. Low. Close. SPt. S1.42 $1.4-4 1-41H S1-42H 1.44 1.47 1.441V 1.46 CORN. sept. .83 .84 4 .72 V. .83 ."OVi .84 .72 Dae. OATS. .44" .47H Sept. .43 Vi .4(5 Vi .43 .40 Vi .43 .47 iJOC. MESS PORK. Sftpt. . ..48.30 26.00 26.2; 23. .5 JJec. 13.15 LARD. 13.41! 13.43 Sspt. -.33.37 ..13. 4 J 13.37 13.37 13.40 13.42 SHORT RIBS. 14.12 14.15 14.10 18.80 13.82 13.77 Sept, Oct. Cash 14.10 13.80 prices were: Wheat No. a red, 1.45.i 1.45X : No. 3 red. H.434: No. 2 hard, $1.44 0 1.45 : No. 3 hard, $1.43 1.45. Corn No. 2 yellow, 87 Kc; No. 4 yellow and No. 4 white, nominal. Oau No. 2 white, 43 44c; standard, 43 H 43c Rye No. 2 new. $1.17. Barley Nominal. Timothy Nominal. " Clover -$7.00 14.00. Primary receipts Wheat, 1.883.000 com pared with 1.689.000 bushels; corn. 308,000 compared with o-'5,ooo bushels: oau. 2.018.. 00O compared with B35.000 bushels. Shipments Wheat. 1.144.000 compared with 776.000 bushels; corn, 51.000 compared with 267.000 bushels; oats, (J63.000 compared wun jvj.uw ousheis. Foreign Grain Markets. LIVERPOOL. Aug-. 12. Cash wheat and corn uncni.ngea. BUENOS ATRES, Au(. 12. Wheat. 2Vi to 2 Ho higher. Minneapolis Grain Market. MINNEAPOLIS. Au(. 12. Wheat Sep- lemosr, (L4si.'i: December, $L4. Caeh. No. 1 hard, $1.I54: No. 1 Northern. $1.5014 1.42'i ; No. 2 Northern. $1.47H' 1.6114. Barley 6es5e. Flax $2.242.2S. Kansas Cltr drain Market. KANSAS CITY. Aur. 12. Cash wheat un changed to lc lower tor ordinary; for fancy AurKey uncnangea to ic higner. corn and oaia uncnangea. San Francisco drain Market. SAN FRANCISCO. Aug. 12. Wheat Cali fornia club, $1.S5-1.10 per cental. Barley, feed. U.55 0 l.oT -; shtpwng. l.t!0 1.07 Vi. Puget Sound Grain Markets. SEATTLE, Aug. 12. Wheat Bluestem. $1.18; Turkey red, $1.18; fortyfold. $1.15; cluD. zi.14; fife. $1.15; red Russian. $1.13. Barley $30 per ton. Yesterday's car receipts Wheat 14, oats B, barley 1, hay Z2, flour 0. TACOMA, Aug. 12. -Wheat Bluesteam, $1.17&1.1S; fortyfold, $1.13: club and fife, $1.11. Car receipts Wheat 6, barley 1, oats 1, nay s. IDAHO SHIPPERS OBJECT RATE OX FR11T PROTESTED A.D FIGHT IS PROPOSED. Southwestern Section. Hard Hit by Spring Frosta. Wants Product of Northern Section. BOISE. Idaho. Aug. 12. (Special.) Southern Idaho shippers and growers are up In arms over the tariffs filed with the Put) Ho Utilities Commission by the Oregon Short Line Railroad Increasing rates on fruit In carload lots from (i0 to $30 a car. The tariff is effective August 25. but the Com mission will endeavor to have it suspended aud carry a fight on it to the Interstate Commerce Commission, where there Is a complaint of th Iaaho Commission pend ing against the tariff increasing refrigerator rates try tne urt-gon tnort uine. Growers and shippers of fruit here who have been hit hard by the crop shortage a eel are that the proposed increase in rates. If thoy are allowed to stand, will mean almost the ruin of the fruit Industry, and State Horticultural Inspector Guy Graham asserts that orchards In Southern Idaho will have to be cut down In order that mora profitable crops can be raised. If euoh mgn rates Become eriectlve. Southwestern, and In fact all emit hern. Idaho offers a rich field to the fruit growers of Northern Idaho, particularly the LewUton section, where fruit Is plentiful if the srowers and ihinners there can for ward part of their crops to this part of the state. The late frosts of last Spring virtually Kiuea on tne small iruit crop, ami there is many a housewife unable to pay the prices for the small amount of fruit on the market. Were it possible to relieve this condition by shipping In fruit irora ins nonnern pan or tne state so that It could reach the Southern Idahso markat to be sold at reasonable prices, the shippers ju::i vumiy reap n ricn narvest in tne returns. WOULD FIX 'BOX SIZE BILL. PASSED BY HOtE CAUSES FAVORABLE COMMENT. Action Is Now I'p to the Sena ite. Plan In Standnrdlzlnsr Berry Basket la Outlined. Action of the House In passing tha -nones: grape ana oe-rry Datet bill, sponsored 1-y Fepr?sentatlvs Tteavls. of Ne braska, and preecrlbirt; dimensions for standard baskets used tn the interstate shipment of grapes, small fruits and 'ber ries, has caused a gr.-at deal of favorable, comment among fruit men. The bill was urged by fruit growers for protection against competitors using undersized containers. The Mil has been sent to ths Senats and is awaiting action there. The terms of the bill were explained on the part cf the Mouse committee on coin asre. weights and mfasurt-s in Its report, as follows: "The climax basket specified In tha first portion of the bill is the name of a stand ard basket which has been generally used by the grape growers of the country. This basket Is not manufactured by any riven manufacturer, but Is generally known by the term -cllrr-ax basket. "The demand for legislation, with refer- ence to fixing- av standard for climax bas kets, comes from the state of New York and other grape-growing communities. Up to tnis time tms basket has not oen standardised as to size, and for that rea son those grapegrowers who are pursuing a legitimate Industry, and who are honest ly endeavoring to give their customers full measurements, are suiiering considerable loss because of another class of a rape mer chants, who are selling the same com modity in baskets which they call climax Baskets, but wnicn, in fact, are smaller in capacity than the baaket aeneraUy knorwn to the trade as the climax basket. It Is in the Interest of honesty tn this commerce to standardise the sue of the basket, and the bill accomplishes this pur pose. "The second purpose of the bill Is to standardize baskets and other containers which differ from the climu basket so as to Insure honesty In the fruit, berry and vegetable business when resort Is had to a different basket the container. The request for a standard smaller basket for berries, etc., comes largely from the South anl Middle West. "There are two classes of quarts known to the trade. One Is called the 'dry quart and the other the 'wine' or fluid ouart The dry quart contains approximately one- tnira greater capacity than the 'wine or 'fluid' quart. Legitimate berry and fruit merchants have been disposing of their product by 'dry quart and fractions and multiples of the 'dry quart, but they are constantly harassed and annoyed by com petition which disposes of the same com modity by the wine' or "fluid quart, with the representation that they are selling full quarts. The bill takes as lis standard the 'dry quart and fractions thereof. "The penalties In the bill apply only to Interstate commerce in the containers, for the reason that the committee on principle and policy was opposed to attempting legis lation with reference to intrastate business. "The enactment of this bill, so universal ly requested, will promote honesty In the berry and fruit business; will insure the customer receiving the full quantity of the product which he seek to purchase and will destroy the piratical competition from which the legitimate fruit growers and mer chants are now suffering so severely." CATTLE MARKET WEAK HOGS CONTINUE STROXO AND TREND IS UPWARD. Sheep Market Ala Firm aad Good Volume of Receipts la Recorded. The market for hogs continues firm, with top quotations at tha figure established early last week. Tho trend of the hog trade Is so good her at the preaent tlma that soma are figuring on higher prices during tha coming week. me sneep market la also firm, although liberal aupplles were received at the Port land Union Stockyards yesterday. Tha cat tle market alona shows weakness. Shippers yesterday Included will Block. Polk County; M. M. Burrowa, Union County; W. A. Taylor, Lincoln County, and C. J. Hura. Lane County. The days salts mere as follows: Wl. Prlcei wt prlce. 1 ealfk 2o 3.io 1 hog ISO ss?5 ihoKS I'M 9.7' 21 hots. 116 8.75 hoss 163 U.TSi Prices of the leading classes of livestock at the Portland yards follow: Cattle Prices. Fteers. prima light 70 -J 6 IKI Prima heavy .. ... : in Ci&0'l SHiH.ZS Cows Choice 5.25S 50 Medium to good 4.S0O3.C0 Ordinary to fair 4.0ua 4.60 Heifers 8 Bod S 73 Bulls 3 nftfi 3 oo Calves a 60 7. co Hogs Prime light Prime strong weights .. Good to prime mixed . . Rough heivy packing . Pigs and skips Sheep Spring lambs . t Common lambs Choice yearlings Good yearlings Choice wethers Choice ewes T0ff9T3 .70j U 71 .111 h fl.e.i 8 65 j 8.70 fc.CUU tt.lo yrs 1 . 5-311 &n. 03 6 00 j 6.23 5 3IHT3.T3 8 00 -J 6 23 0.00 Jj 3 2.1 2.3lU-t.OO Common ewes Chicago Livestock Market. CHICAGO. Aug. 12 Hogs Receipts, 16. 000; slow to 2r.c under yesterday's average; bulk, ..11t 10 4.1; light. .wt It 10.53; mixed .704t lj.HS: heavy. T).ng 10.63: rough! 9.M 9.75: pigs. (S.4J.Wi. Cattle Receipts. lo0: steady; native beef cattle. (5.P01 10.73; Western steers. i.g! 8.tX; atOL-ksrs snd .fwdn, $j'jj7.A.l; cows ana neiiers, S3.0UBU.Z3: calves, 1 93 12.65. Sheop Receipts, 4cv: steady; wethers. a.tK68.1l; lambs, gTfSOlias. Omaha Livestock Market. OMAHA. Aug. 12. Hors Rer.lnf. 1 . 300. lower. Heavy, 9.43e9.0; light, $9.70 m 4v.au, pigs, o..u ;b u.ou ; uuiK ol aaiea. su.35 j 9.7o. Cattle Receipts 1000. steady. Nstlve steers, $ ft 10.23.; cows and heifers, $61) io.uo; vt es tern steers. 10.00s.7r; Texas steers, fo.o'a i.tAi; stockers and feeders, 6 41 S. Sheep Receipts 100. steady. Yearlings. t"ii8; wethers, fO.70e7.7S: tombs. 110.2ur 10.90. EXPORT TRADE TO CONTTNtTP; ACTIVE Heavy Steel Orders Following War Will Mlmulata Business. Predictions that the export trade of the United States will continue active following the war are made by Henry Clews in his weekly financial letter. Ha saya In part: "When the war ends It Is practically cer tain that big foreign orders will be received from abroad for railroad equipment, indus trial planta and other reconstruction re qulrements which Europe cannot meet, it has been estimated by high authority that $3,000,000,000 will be required to replace the necessary plants and property thus far de stroyed In Belgium and France, and that a goodly portion of such orders must come to the United States. If this supposition proves true, our export trade, especially of steel products, will continue active after the war with a consequent stimulus upon many other industries." MORROW CHOPS REGQOD ROADS prT I1V GOOD SHAPE AXD TOCRISH TRAVEL HEAVY. Motorist Cross, or Umatilla and Bio ar row Counties Recommended to Go T Heppner Route. HEPPXER, Or.. JLug. 12. (SpeolsU. ) The harvest season Is on In Morrow County full blast. Reports irora crops already threshed Indicate that ths yield this year win be much larger than any. previous out put front this county. During- the past few months especial encrg-y has been expended on the roads. This is made necessary by the extra large crop which will have to be nauiea. Tourists com In over the Blue trail from Portland through The Dalles. Wasco, Hock wreK ana to neppner report mat wen known tourist tuail in the best shape It has ever been. The road eet of here to Pendleton has all been reballt In the lest year, both In Morrow and Umatilla County and is in fine shape. Tourist traffic through these counties will find the road east through Heppner mucn preieraDie to me one north through Echo sand, whicn is cow in very bad shape as it will be through the Summer. During the Winter, while rain keeps the, sand solid. tiie Echo roau is netter to travel, out from now on the voutnem road is to be pre ferred. This district has experienced nleasant Summer weathsr. Several light showers have occurred, but no damaging weather of any kind has been experienced. SAN FBACWCO PRODICI MARKET Prices Cmrrvnt oo Batter, Egr. Fruits, Vegetable. Etc- at Bay City. FAN" FRANCISCO. Aug. 12. Dairy, un changed. Vegetables Wsx beans. 4Q5c Onions California. Jl 50 53 1.63. Potatoes New. 12.27 2.S5. Receipts Flour, 4442 Quarters: barley. 1&6.44U centals: besns. A sacks; potatoes. 113 sacKs: cay. n. tons, DnJnth Linseed Market. ll l,u 1 n . au-. fiose linseed on tracrf. .: to arrive. SJ.2: SeDtemtir. $'-'.'J6: October, 27 bid; November, $.27 bid; December. 5 bid. Dried 1-ruit at New York. NEW YORK, Aug. 12. Evaporated applet auii. rrunei, sieaoy. reacnei, nrm. Cotton Market NlW YORK. Aug. 12. Spot cotton, quiet. uiuu'.tng up. anus. 914. lu; no sales. COPPER SHARES UP Metal Issues Conspicuous inj Wall-Street Business. MERCANTILE SHOWS DROP Munitions, Equipment and Motors Hold Ground or Register Mod crate Gains at Session. Bond Offerings Large. NEW YORK. Aur 11- M.tal aharsa srers th. conspicuous S.atur. of todays short session, which was - characterls.il or th. usual w.sk-and s.ttl.m.nt of professional contracts. Ralls continued under th. handi cap re.ultlns from th. dubious atat. of th. labor situation and manifested marked heaviness before th. close. The rls. In coppers, which ransred from 1 to almost 3 points, was based on reports that forelrn Interests, chiefly British, were about to clos. contracts for .normou. Quan tities of th. refined m.tal running Into th. coming 7ear. American amelter and the sine Issues shared In th. mov.m.nt. which was wen sustained. Chances elsewhere In the active list were without much significance except among shipping laauea. M.rcantll. Marin. pref.rr.d made an extrem. d.clln. of 2. polnta on announcement of the plan of capital read justment with a 1-polnt loae for Atlantic Gulf and West Indies. Munitions. Equipments and Motors held their ground or registered moderate gains with an additional S points for General jaotora. wnicn attained a new high record at S5S. Miscellaneous sneelsltles were relatively quiet and Irregular. Total sales of stacks amounted to 2o5.00O sharee. General news of th. day Included a hard ening of franca, with no material change In sterling or rates to continental centers other than Paris. Contiary to expectations, th. bank state ment failed to reflect th. w.ek's large acces sions of gold from Canada. Instead of an actual cash gain, a mod.rat. loss was dis closed In that Item, with a loan .xnanalon of allghtly mor. than I23.000.O00 and a de crease In noMi reserves of mor. than sa.- ooo. ooo. Bonds wer. steady today, with larae of- feringe of the new French notes. Total sale, of bonds, par value, 12.110.000. united states Government bonds were un changed on call during th. week. CLOSING STOCK QUOTATIONS. Closing Ealee. Hlsh. Ttv bid Am Pest Surer. 7x m v fe S7 American Can.. 12.000 f7 f.H S6V Am Car tt Fdy. 1.400 MH 55 Bsti. American Loco.. 8. ooo 727 T24 T2H Am frn A Refg. 7. OOO 01 V Am Sug Refg loav Am Tel A: Tel... 200 JH0V 130 130S Am Z L. S "0 33 i Anaconda Cop.. 24.400 M V MH Atchison X 114 103 102 'e Baldwin Loco... oo 74 V. 71 7JTs Bait a Ohio 20O UW SS S4 lir Rid Transit kiu U a &' Conner... 4.700 SU till as v Ca'if Petroleum gu t ansdian Pamf. bao itasl it itu Central Leather. 800 UH 65i PS Chrs a Ohio ..... ..... ei u C M a &t P...,. .ono twiv o.ivi ssu Sf 1 P Rjr- ,s, Chlno Copper... 8.100 ro vi envl co Colo Fu A Iron. 400 44 1 44 4. 44 Corn Prod Refg 13 Crucible Steel... 1.T00 70, 70 7nv Distillers' ecur. WOO 41 4.1U 4.M. Erl. 1.S0O IAU Mk 11- General Elect js Ot North pfd 119 Ot Nor Ore etra. sn Illinois Central jni Int Cons Cop inspiration Cop. 11.600 M14 9 M Int Harv. N J 11414 Int M M pfd etf. 14.000 4 S3 02 K c Southern 24. Kennecott Cop.. O.700 40 H 48 49V Louis a Nash... "li Mexican Petrol. 8 7n M "f04 Vi il'"JnLiOI,pV-" 2- ss 'H 84 M K 4 T pfd in Mo Pacific .... ..... 4H Montana Power Ilia. National Lead as Nevada Copper. 8.1v l ifsj 5 ?,"?' VI" ,'800 104 K -104 N T N H a H.. SSV Nor & West.. eno j;., 12U ia'. Northern Paclf.. 800 lllu 110. -lTo-J Pacific Mall... ! Pac Tel a Tel 3 fennsvivania .. 1.400 R5tt Ray Cons Cop.. PS 00 24 1 B.I 4 24 l Reafllng .... .. 49.100 10SS 101, 101V Rep Ir a Steel. . BOO 471? 4-J 47? Phat Aria Cop.. 00 2" 271 27 K Southern Pac'lf.. son 200 r-ouinern Ky . . . . Sturtebsker Co.. Tennessee Cop.. Texas Co Si's 24 24 2..10O isii n zxil 300 192 1911 191 u T'nion Pacific... 3.B110 j;liu l'KV 1 ii S nn A'eonoi. 1,900 110 109 loou L Pteel. ..... S7t do pfd ' ' 111 J Ttah Copper 9,Snl pos, 7s.it Wabash pfd B.. 800 27 27 i "T2 Western Union 93 vt Westing Elect.. 3.000 5S41 BS"e,' 6s2 Total sales for the day. 205.000 shares. BONDS. Ii 5 T,t ,'--P',4 Northern Pac 8s. 5 . S I' 2" eoup.'fis'iipao T a T 5s...looi A tchison gen 4s. 2Vf 8 Steel Bs".-" '. "104 i k(S 6s... 1 Anglo-French Bs. 8514 Northern Pso 4s 813i Bid. Mining BOSTON. Aug. Allnucz ........ Arls Com Stocks at Boston. 12 Closing quotations: 7 -T iiM"in tg Aiines 9 .North Butt..... 70i Old Dom 533 Osceola 1 Qulncy 61 H Shannon 12 H Superior TUic... . r, .... 7 S2 67 3 8 14H S' 31) 134 4 51' Calumet a Arls. Cal a Hecla centennial Cop Rang:. Con. Fast Butt. Cop. Franklin Isle Roy fCop). Kerr Lake T.ake Copper ... Mohawk . . y i aid H Tamarack H Ilah Con 15H Winona 89 '4 'Wolverine Money, Exchange, Etc -NEW TORIC Aur. II Mercantile paper. m f a-sriiv. oternnf wi-QHy Dills. 14 71 u demand. $4.76 11-18; cablea, $4.78 T-lo. Bar silver, 88 i a Government bond a. steady; railroad bonis, steady. rRANCTSCO. Ang. 12. Sterling tn ca'mes. $T76H"- ". par: telegraph lite LONDON. Am. 12Bar .liver. 81 ll-18d per ouncs. Dl.count rates Short bills. BC3 per vwufc. vrw munini. B-o.ipa per cent. BANK REPORT IS OUT lCnEAJE IX short-time: PAPER I SHOWS. Bnalnesa Gain by FeaVral Rtwrve Bank la Such Isssrs, . SaOOvOOO. WASHINGTON. Aug. 1. Psner runnm. from 11 to 30 day. held by Federal reserve banks increased during th. past week about $2,500,000, according to a report of the bank'a condition August 11. Issued today by tne r eaerai nessrvt xoara. It laovi: Resources Gold coin and certiflcatss In vault 32!1ll.952.0O0 twnirBnn con . . 1(11 t. 1: h as coupon. 10i South Psc ref 4s Sivi U s 4s coupon. lio Union Pac es... m-; Am Pmelter Re.-inrul , j. """- ' FOR CITY OF PORTLAND 4r0 WATER PONDS Dated April 1, 1916, due April 1, 1941. Denomination ?1000 each. CITY OF PORTLAND 4 AUDITORIUM BONDS Dated March 1, 1916, due March 1, 1946. Denomination $1000 each. Price on application C H. Reade, Main 9313, 519 Chamber of Commerce. Gold settlement fund 108.1I1.000 Gold redemption fund with United catatea xreaeurer... 1.853. OOO . Total gold reserve 83.9IS.ooo Legal tender notes, ellver. ate... Il.l'7.0o0 Total reserve $878,052,000 5 Per cent redemption fund against Federal Reserve Bank notea $ 800.000 Billa discounted and bought Matuntie. within 70 days.. t i:.4;s.0O From 11 to 80 day... tV31o.H.O From 81 to u dar... 41vs.(0 From 61 to 10 de. 2.Y3".0OO Ovar 0 day. 2.to0,0o0 Total 8108.871.000 Inveetments- fnlt.d 6tate bond. t 4M08.OOO On.-year treasury note........... 8.33 1. 00 Municipal warrants 27.b75.0o0 Total assets $192,000. OOO Fvderal reserve notes net $ 20.0rtH.0O) Dut from Federal Reserve banks 18.447. 0kI 11 other resources 8.731. OOO Total resources $tS10,799.0O0 Liabilities Capital paid In 85.1S0.0OO Government depoalta B3.2.MI.OOO Member bank deposits, net 4SW.219.0o Federal Reserve notes net 11.212,000 Federal Reserve bank note, tn circulation ...... 1.IW1.0O0 All other liabilities 263.000 Total liabilities $010,799,000 Gold reserv. agalnat n.t depoalt and not. liabilities. 08 3 per cent. Cash reserve against net d.poalt and not. liabilities, 70 4 per rant. Cash reserv. against net deposit liabilities after setting aside 40 per cer. t gold reserve agalnat aggregating net lla.Ultlea on Fed eral Reaerv. note. In circulation, 71 per cent. RESERVE HAS EXGESS CONDITIO OK CLEARING . HOI SE BANKS GOOD. Report Shows Finances of Trent Companies to B Also In Good Shape. .NEW YORK. Aur. 12. Ths iUtmnt of ths a.ctusi condition of clear! n-hou banks and trust companlM for tha wetk hows that they hold 10a.08T,HO reaarvs In xceii of lcal requirements. This Is a Aecreass of tw.l.24.640 from last weelc. Ths statement follows; Xncrea.se. Ii o a a . dltcounts. to a3.24d.u03.000 S2S.241.OO0 Riiirv la own vaults 437,119.000 2.BW.000 Reserve in Federal Keservs hanks. . .. 105.TSB.OOO T.TTZ.OOO Reserve In oiuer d posltarles 32?3.000 2 1 41,000 Net d'm'.d deposits S,l4S.lrt.'..o00 8A.94S.0v0 Net tlms deooslts. . S.000 ltf.O74.OO0 Circulation .' ai.348.0oO &7.UO0 Decrease. Of which S369.59d.000 Is peel. Excess reserve. S103.0&T.140: decrease. $9,224,040. bummary or stats hanks ana trust com panles In Greater New York, cot lno.uded In clear.nf-houss statement: leerRe. Loans, discounts. tc.S70 32S.0OO $3.05o.;io Specie 6u.040.40ui 'iOI.Tmi i--fai ten a era B-Hi.i o-.oy Total deposits 87S,b3.0oO 0,801.100 Increase. Banks cash reserve In vault. $1 l.S10.00. Trust comuanles' cash reserve in vauit, S50.94l.SOO. CslTss ft'ntares 4)ulet. NEW TORK. Aug. 12 Ths market for coffee futures was quiet today, but showed continued atead.ne in sympathy with spots and continued absence of sell tne pressure from Brastl. Ths openlns; was nominally unchanged to ths absence of business, but prices Improved on the appearanos of a few buying- orders around ths r.n. with September selling up to 8 09c and Decem ber 82c during lbs momlrg. and the cose was steady at a net advance of 0 to 7 points. ales. 27T0. Closlns; bids: Auguit, &.C3c; September, 8 72c: October. 8,75c ; No vember. 8 77c; December. 8-79c; January. 8 84c; February. 8.8:c; March, 8 98c; April. 86c: May. 9.03c: June. 9.0Hc; July, 9.13c 6 pot coffes. steady. Rio 7s, 9Sc; Santo 4S.. 104 c No (rsh offers were reported tn ths cost and freight rnsrket. Ths official cables reported an advance of 50 re Is at Rio, while Santos was unchanged for spots and unchanged, to 25 reis lilgher for future. APRICOTS FOR WASCO COUNTY AGEXT CHASE EXPECTS LARGE IX CREASE IX ACREAGE. Co-operation -Clears Section of Malheur of Rabbits Pints and Clover In Josephine County. . CORVALIUS. Aug 12. (Special.) Half a doxen county agricultural agents report activities to state Leader Marls this week as follows: Wasco County The last few days, with the expert help of F. Galligan, we have been setting In thousands of cherry buds in ths young sprouts of tres whers we did not get a good stand of Waterhousa scions last Spring. I have been trying to give some demonstrations to growers so that they can do much of their own budding, thus fa cilitating the work. Cherry buds are rather harder to make stick than most fruit, but by putting In a greet many ws expect to get a good stand of buds. We are satisfied that this country can grow good apricots. The commercial com panies now here can care for several times the amount that they are now getting and it Is simply a question of a bigger acreags and a better prod uct- Apricots should be carefully thinned early In the season, which will avoid eo much of the undersized fruit now hunting for a market, and materially increase the weight of th remainder. When it Is remembered that apricots will bear a fair crop at four years of age, that they are low headed, comparatively easy to pick and handle, that diseases are few and that the apricots can only be grown In a few favored sections with success. It Is rea sonable to expect, a great Increase In apricot acreage tor this section. A. R, Chase. Malheur I was asked by two farmers for help In establishing an Individual pumping plant to Irrigate about 200 acres. I took them over Into Idaho to examine several pumps In operation that a local Idaho man has Invented. We found that this type of pump was more efficient than most pumps and they will now go ahead and develop their land. The last two days of the week I spent looking over the ground where the rabbit campaign was csrried on last Winter. I find that In ths Willow Creek country, and other places where the rabbits were fought around the hay stacks, that there are few rabbits, " but between Ontario snd Vale, where the people would not co-operate to the best advantage, the rabbits are so numerous that they are doing much damage to the crops, having taken several acres of alfalfa and more of grain. Nineteen ranchers were visited last week. Last week I visited a section where a small group of dry farmers are trying three of my demonstrations. One of these was planting clean seed potatoes. This man who planted the clean sed will get about 50 bushels per acre, while several of his neigh bors crops will not be worth harvesting'. I also secured some flax for two parties to plant In this neighborhood ; one planting is too thick and the other Is on three piots; new ground, ground last year In peas, and a third plot that was In com last year. Thst on ths pea ground Is a good crop, that on the corn land fair, while that on tne new ground is not good. One of the troubles that I find with demonstrators 1s thst they axe usually handling a small plot and consequently fall to follow directions. It Is much bettor to get a big lot ot something planted that you can watch carefully. W. W. Howard. AL OUTCOME III DOUBT Railway Mediation Failure Causes Drop in Stocks. UNUSUAL FEATURES FOUND Wall Street Business In Copper Re cove rs From X tha rpy G rea t Britain Said to Be in Mar ket for That Metal. NEW TORK, Aug-. 13. Ths end of a moderately aotiTs and Irregular week found ths financial district mors than srsr In doubt regarding th outcome of, th contro versy between tns railroad managers snd their 400. OOO of organised emplojes. Fall- , urs of ths mediation conference ot which Wall street seemed so hopeful, was fol lowed by some heaviness In Important rails, but the list In general held firm as a final break was not reported. Another unfavorabla condition was fur nished by ths Government crop report, which bore out some of the mors peseimlstlo esti mates of damage to corn and wheat tn ths VWst and Northwest. In spits ot these dis closures, little impression was made upon prices of stocks most likely to be affected by reduced crops. El where ths market presented unusual features and cross-currents. The nominal decrease in tonnage for July shown by the Unites. States Steel Corporation indicated no cessation In that Important industry and the quarterly and monthly statements of Independent manufacturers of fabricated steel and iron were of- a most hopeful tenor. Coppers recovered from their long period of comparative Inactivity on signs of a renewal of last year's enormous Inquiry from abroad. It Is understood that Great Britain Is In ths market for supplies In ths metal running into the millions of pounds. NEW LOAN WHISPERED GREAT BRITAIN SAID TO WAXT (230,000,000. Loan Would Rua Two Years. With la terest at S Per Cent, It la 'Said. NEW YORK. Am. 12. Expectation s a expressed In financial e1rc,es today that .Uhla a fortnight official announc.in.nt would b. mad. tnat negotiations bad been completed for a nesr loan, reported to be IJ50.OuO.mxX to Great Britain. Thle loan would run for two year., according to a summary published here today, wltn Inter est at 0 per cent and Ihe notea to mature In two ear aod to b. off. red at 19. would b. obligations of tne American Foreign fce curltle. Company, which advanced 100, 000. OOo to France recently, or of a new cor poration with '.Men the same InterMt mould b. identified. SecuiiUe. for this loan. It Is reported, would lnc:ud. d. posit, of about e300.o0ioo ot Canadian, Arg.ntin. and Swlaa govern ment bonds and slocks and bonds of Amer ican railway and Industrial corporations, and principal and Intereat would be paabl lu gold in New York. As In the case of th. French loan. tli. proposed one to Greit Hrltsln would be distributed among banka and th. public by debenture notea Th. main purpose of such a loan la said to be to provid. funds for payment for munltlona purchased in the United Butes. Naeat Stores. SAVANVAH. ., Aug. II. Turpentine Firm; stMiC; sales, 71 barre'.s: receipts. is.T barrels; shipments, S barrels; stock. 14. TsO barrels. Rosin Firm: sales. I5e barrels; receipts, 1C11 barrels: shipments. 1M barrels; stock. 611. S02 barrels. Quote. A. B. ." 4i. c, X, 5 SO: E. J ISO: F, 1; O, .09; H. I. .: K. jW.40: M. J9.4S: N. a.S0: WC, .; OVERBECK & COOKE CO. Braara. Btorfce. Beads. Coftea. Grata. Kta. I1S-J17 BOARD Of TRADE RLDO. at.attSsM CHICAGO BOaaU ur Crresfxradents .f Loraa Bey. a Cblcaco aad New Task. 1EMBIU few To Stock Kicba.se. ( hl.aco Stock Eirhssti Boetou Stork Exchaega, nleagf Board of Trade. New vork Cottoa Evsniaaaa, Ne Orleans otton r.i-n oga few lark Coffee sCictiaaga, New York ProJue fesciiaj, i-lcrptol Cotton A..'a. TRAVELERS' GUIDE. FASTEST ROUTE TO CALIFORNIA Save Time and Money Portland $20.00 and y , 7.53 J San Francisco $17 Toarlat, SIS and S12.SOf 3d Claaa, SS. O-Uay Hoond Trip 32.Krom Portland aad -Aay W illamette Valley Point, oa OIlEOO. ELECTRIC BY, MEALS AND BERTH INCLUDED. Steamer Express I. rave. SiSO A. M. lltSUAV, THCRSDAV, SATURDAY TICKET OFriOES worta Bank. Firtk and Stark. Tblrd and Morrison. . p. Kj. Waaklntfton. U. K. By. ar"eot bnlpa Caequaled berrtca ALASKA EXCURSION t la 8, 8. "pokane. July ta. August T-l S. a. City of asattie. July to. Aus. l-ia. CALIFORNIA Via Beattl. or Saa Francisco to Los Aaseies and San Diego. Low rates. In cluding berth and raeala For full par Ucu;ars jrply or telephone ticket oixice ttt WASHINGTON e.TKttlT. I'aUrlc. slain 2; Uoal A XXHX Honolulu OCEANIC8.S.CO. u- -Sf.:ii-.-min)tr l71att.IL. tssFtxscttai CL IstCl. SbJO: Tnd MM 41 v tirut.sii.niu Sailings every 21 dars. VM.I.u.aaayeiucl.V Au.liep..ep6 Ay RALIA Honolulu, Suva, Horw Zealand THE PAI.ATlAf. I'ASSENOER STEAMERS K..M S. N IAO A HA," K-M.!. "HAM HI tJt'.oOO tons ais l 113.30O tons dis tail from VANCOUVER. B. ., AujuM ;m. Slt. 27, Oct. Applv I inxllii I'.riftr b.ll.. fts Third Hi.. I'orMsnd. Or. or t. tlie t iDbliM An.lr.li.. .1 l 1 A40 bV uusr Blxoet. V sihsu or. ss. C ft