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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Sept. 3, 1916)
TITE SUNDAY OREGOXTAN, PORTLAND.- SEPTEMBER 3. 191G.
BIDS TURNED DOWN
Wheat Sellers Wait for Chi
cago to Reopen.
ADVANCE IS LOOKED FOR
Dealers Are Anxious to Buy and
Offer Higher Prices, but
Farmers In Northwest Are
The wheat market! were lirmer every
where, yesterday In anticipation of a settle
ment "before night of the railway labor
controversy, but In the Northwest there was
no resumption of trading. So far as sellers
were concerned, the market mi In a waiting
With the adjustment of the strike ques
tion pending and Sunday and a holiday
intervening before the Chicago market re
open, farmers naturally were not In a
mood to sell. Buyers felt out the market
in various directions and offered better
prices than have been current since the
break at the .opening of the week, but
without result. With everything to gain
and not much to lose by waiting, the sellers
derided t-j wait.
Private wires from the East early In
the day announced the lifting of em
bargoes nd the placing of oars for load
ing. Eastern buyers Indicated their con
fidence In the situation by the higher prices
they bid for wheat, but the efforts on
the part of local dealers to Induce farmers
to sell were blocked. It la likely that the
market will have to get back to the level
of 10 days ago before there la a general
selling movement In the Northwest.
At the Merchants' Exchange all wheat
bids were advanced 2 to 3 cents, which
represented the attitude of the local trade
toward the market. Offers on the board
for September and October delivery were:
Bluestem. 1.2S; fortyfold. fl.25; club and
fife, J1.23; red Russian, 1.22.
There was also a better feeling tn the
oats and barley markets, but no material
change In prices.
All grain exchanges will be closed on
Monday. Latior day.
Terminal receipts. In cars, were reported
by the Merchants Exchange as follows:
Wheat. Bar. Fir. Oats. Hay.
Portland, Saturday. 25
. . lfl 6 6
10 1 9 3
2 50 12 23
51 9 ' 59 82
S!U 294 845
206 172 211 ilo
2 6 81
18 .. 45 821
62 .. 69 879
1 9 5 28
22 22 113
83 86J 809 772
MO 482 223 840
i ear ago. . . .
Total this week. .
peason to date...
Season to date. . .
Season to date. .
. . 113
. . T,3S
. . 790
. . 10
. . 104
. . 971
ALASKA SALMON ORDERS CONFIRMED
Association Books Business on Basis of Its
Operations In the Alaska salmon market
continue to Interest' the canned fist trade.
In Its comment on the situation, the New
York Journal of Commerce gives the East
ern trade view of the case. It says:
'Salmon continues the feature of the mar
ket, with Alaska Packers Association still
commanding the situation through Ita con
tinued willingness to confirm orders on the
basis of 51.50 for reds. Thus far most of
the smaller packers have bsren meeting the
big company's prices on red, but there ap
peared a disposition In one or two quarters
to withdraw even at $1.60, but whether be
cause the pack was all sold or because the
holders preferred to hold unsold balances
for the anticipated advance is not stated.
"There Is a general impression that the
Alaska association made a price of SI. 60
for a secondary pnrpose, and everyone Is
guessing as to what It Is. Some think It
was with the Intent to force small com
petitors to sell out at prices below what
they had expected, while others Imagine
that the big company meant to book the
bulk of- its orders early and conserve the
.balance for competitive Juggling later on.
In this 'connection It appears that some of
the competitors took a few cardB and tried
to buy through 'dummies' from he Alaska
company at $1.50 to cover their own sales
at that figure, saving their own stock for
the advance. But this Is all guesswork, and
In any event the Alaska watched suspicious
orders and continued confirming till the
close of business on the fl.GO basis only
-with known customers."
HOP MARKET IS SLOW IN OPENING
ricking Will Begin in Large Oregon Yards
Hopplcklng will start In nearly all the
large Oregon yards Monday morning, with
full crews of pickers engaged. Hundreds
left Portland on the steam and electrlo lines
yesterday morning and more will go today.
The market for new hops continues dull
at all points on the Pacific Coast.
Of conditions in New York State, the Wat
rvllle Hop Reporter says:
"The hops in this vicinity are proving of
good quality, but are not yielding as heavily
as expected. Some growers are nearly
through their harvest, while others have not
started picking. ' .
"Several New Tork City dealers have tried
to contract at 20 cents, but have failed to
get any response from the growers. It Is
Impossible to raise hops and market them
at such a low price, and It Is expected that
the market will open at a considerably
ELBEETA PEACHES ARE IN MARKET
Movement from Takima Has Started Other
Elberta peaches are beginning to arrive m
the local market. Several cars from Takl
. ma will be available when business is re
sumed on Front street Tuesday morning,
stocks of freestone peaches were well
cleaned up at the close last night. Prices
The watermelon supply will be short for
a day or two. Shipments north were stopped
when the strike was threatened, but wita
the resumption of traffic the fruit Is agacn
moving and the street .expects ample stocks.
In a few days. This week will wind up the
California cantaloupe season. Takima can
taloupes are about ready to move.
Oranges and lemons have advanced In
response to higher marl-ets In tho 8outh.
Local tomatoes are slow In coming for
ward and prices are still ruling steady.
BUTTER STOCKS DO NOT CLEAN XT
Eggs Hold Steady la Face of Sharply Re
There was a steady tone to the butter mar
ket at the close of the week, although stocks
of country creamery did not clean up. The
San Francisco market closed a cent lower.
Eggs were quiet and unchanged. Receipts
have fallen off considerably, but this has not
Poultry arrivals were moderate all the
week, but were sufficient, and prices at the
end were unchanged from the opening of
Dressed meat receipts were also light and
prices closed firm.
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland $2,146,810 $152,092
Seattle 2.8S1.2S9 505.643
Tacoma 339,024 6S.281
Spokane 807.871 60.247
Clearings of Portland, Seattle and Ta-
coma for the past week and corresponding
weejc in zormer years were:
11 $11,444, Wf7
101 1. .. . .
rORTXAJJD MARKET QUOTATIONS
Grain, Floor, Feed, Etc.
Merchants' Exchange, noon session.
September delivery. Bid.
Whpst Bid. Yr aeo.
Bluestem S 1
Red Russian ....
No. 1 white, feed.
No. 1 feed
October bltoestem .
October red fife
October feed barley
FLOUR Patents. $8.20: straights. (5.60
; exports, $5.60; Valley, $5.SO; whole wheat,
$6.4i; graham, $6.20.
MILLFEED Spot prices; Bran, $23.50 per
ton; shorts, $23.50 per ton; rolled barley,
$35 -5 39.
CORN Whole. $42 per ton; cracked, $43
HAY 'Producers' prices: Timothy, Eastern
Oregon. $16.50 18 per ton; timothy. Valley,
$15$ 16 per ton; alfalfa, $14.50; wheat hay,
$12.50013.50: oat and vetch. $12012.50;
cheat. $11; clover, $10.
Dairy and Country Produce.
BUTTER Exchange prices: Cubes, ex
tras, 29Ac. Jobbing prices: Prints, extras.
32-034c; butterfat. No. 1, 31c; No. 2, 29c
CHEESE Jobbers buying prices, f. o. b.
dock Portland: Tillamook triplets, 16c;
Young Americas, 17c per pound.
KGGS Oregon ranch, exchange ' prices,
current receipts, 26Y,c dozen. Jobbing
prices: Oregon ranch, candled, 2830c; se
POULTRY Hens, 13V4 lic; broilers,
18S17c per pound: turkeys, live, 18S22c;
ducks. 113l4c; geese, 9lle.
VEAL Fancy, 13c per pound.
PORK Fancy, 12'413c per pound.
Fruits and Vegetables.
Local Jobbing quotations:
TROPICAL, FRUITS Oranges. Valencias,
$4.50 per box; lemons, $6.000 7.50 per
box; bananas, 4c per pound; grapefruit, $2.50
VEGETABLES Artichokes. 75c C$1 per
dozen; tomatoes. 80f&50c per crate; cab
bage. $1.75 per rwndred; peppers, 45c per
pound; eggplant, 6 7c per pound; lettuce,
20ft, 25c per dozen; cucumbers, 25(g)50c per
box; beans, 3c per pound; celery, 75 85c
per dozen; com, 1025c per dozen.
POTATOES New, 80c6$1.15 e hundred;
ONIONS California. $1.50 per sack; Walla
Walla, $1.50 per sack.
USlfJEH FRUITS Apples, new. 75c$1.85
per box; cantaloupes. tocS$l-60 per crate;
peaches. 40(5-7o per box; watermelons, l?ac
per pound; plums, 75e$1.00: pears, r.2o
160; grapes, $1.10 1.75; casabas, 14C.
SACK VEGETABLES Turnips. $1.25; car
rots, 1.25 i 1.35; beets, $1,253? 1.50 per sack.
Local Jobbing quotations:
SALMON Columbia River, 1-pound tails,
$2.50 per dozen: one-half flats. $1.50; 1
pound flats, $2.SO; Alaska pink, 1-pouni
HONEY Choice, $3.25 per case.
NUTS Walnuts, sack lots, 16c, Brazil
nuts, 15'18c; filberts, 1618c: almonds
16Hc; peanuts, 7 He cocoanuts, $1 per
dozen: pecans, 1520c; chestnuts, 10c.
BEANS Small white, .9V4c; large white.
9c; Limas, 7V4c: bayou, 7Vio; pink. 7Sic;
red Mexicans, 7c.
COFFEE Roasted, In drums, 1735o.
SUGAR Fruit and berry, $7.75: Honolulu,
$7.70; best, $7.75; extra C, $7.35; powdered.
In barrels. $8.25; cubes, in barrels, $8.50.
SALT Granulated. $15.50 nr ton: half
ground, 100s, $10.50 per ton; 50s, $11.30 per
uoii , uairy, per ton.
RICE Southern, head, 63u per pound;
broken. 4c; Jaran Btyle, 4iS5c
fniKU FRUITS Apples, Sc per pound:
"t""-ULD. jow-tuc; peacnes, sc: prunes, Ital
OWi,c, raisins, joose. Muscatels, 8c; un-
oieacnea bultanss. flu aio..- .. h o
dates, Persian. 10c per pound; fard, $1.65
j.. uua, lunatics, io'noc; figs, 60 6-ounce.
$2; 100 4-ounce, $5.25: 39 10-ounee. '2 40-
12 lO-ounce, 85c; bulk, white, 7⪼ black.
"w y VUIS'U.
HAMS All sizes, choice. 22c: standard.
ziHc; skinned. 19142014c- picnics. 14 He;
BACON Fancy. 2830c; standard
25c; choice. 18iffi23o.
DRY SALT Short, clear backs, 15164C
exports. icai7c: plate, 1214 014c.
LARD Tierce basis, kettle rendered. 15Uc
Stanaard. Hc: enmnnunri 19.
BARREL GOODS-Mess' beef, $18; plate
U' 50 brl8ket Iork. 23.50; tripe. $10.50
Hops, Wool, Hides. Etc.
HOPS 1915 crop, nominal; 1916 contracts.
HIDEs Salted hides, 25 pounds and tip.
lie; salted hides, 60 pounds and up 12c
salted kip, 15 pounds to 25 Dounds.' I7el
li ' UP to 13 Pounu". 23c: green
ioi4iju una up, lie: green stags.
X "c; green kip. 15 pounds,
l.c dry flint hides. 2Sc: dry flint calf, uj
wnf V ' y alt hides, 24c.
wi eastern Oregon, fine,
coarse. 304(32e; Valley. 3032c.
taAKA -Li A ft K. Old and new. 4e per
.JrZjn-" Plts. 21c; dry
------ ,ic, ory snearllngs. 10
alted Iam Pelts. 75C$1.26;
rIdT i81"001 p,eU" B0:-n.
greaseTic. " 2 5c
ry.Mor.r. waier white, drums, barrels
f : TV.r. '"i .VCi CaSeS. 1821HC.
r , u.us, io-,;w, ttlBC'B, Z a C.
LINSEED OIL Raw. barrels, 86c-
.uaa, ooiiea, Darrels. SSc;
TITRPir MTTVP.. T
. am. inn kb, ore: in c-lim
fUc; lcase lota, lc less. CM - 1
WHEAT THRESHING RETURNS - GOOD
Satisfactory Yields Reported From Inland
Telegraphic crop reports received yester-
u vv . w uices, assistant general
ireignt ana passenger agent of the Spo
kane, Portland & Seattle Railway, follow:
Roosevelt, Wash. Crop conditions would
be hard to Improve. Grain 1b quite late and
threshing Is hardly in full swing. Present
conditions Indicate the average yield per
ojio wui uo in a9 neignDornood of 27
Benge, Wash. Crop conditions excellent.
oprmg grain running from 20 to 28 bushels
rail grain running from 23 to 33 bushels
per acre. Harvesting about two-thirds over.
laraont, wash. About 60 per cent of
grain cut at present time. About 40 per
tBHi luieaueu nut iittie delivered to ware
houses as yet. All power used in harvest
ing and threshing. Will be middle of Sep
tember before all Is taken care of. Yield
now oest estimate average 22 to 25 bmh.
els. Weather dry and hot, cool nights. This
year's crop In this vicinity 85 per cent of
iasx year s total yield.
South Cheney. Wash. Winter era In .11
cut, nearly all threshed, and averaging about
30 bushels. Spring grain harvesting Just
commencing. Will be in full blast next
week. f arm era report Spring grain will
average about 20 bushels.
Goldendale. Wash. Weather past week
dry and warm. Threshing commencing.
Wheat averaging 12 to 14 bushels.
Madras, Or. Crop situation very good,
threshing having started last four or five
days. General prediction 20 bushels for
wheat. Some Individual places will reach
23 and 30 bushels. No figures obtainable on
barley and rye at present. Crop conditions
in general thla year better than any in past
Redmond. Or. Cutting grain about com
pleted. Some threshing done. Yield IS to
Spokane, Wash. Threshing of Fall wheat
continues uninterrupted. Claimed average
yield 30 to 35 bushels, some sections re
porting yield of 50 bushels. Some oats and
Spring wheat being cut. Harvest will be
In full blast another week or tendays. Out
look bright for good yield. Weather verv
hot, few fires reported. Usual amount of
smut In evidence.
Walla Walla, Wash. Harvest Is two-thirds
over. Crop will close to normal and
grade good. Yield runs from 15 to 40 bush
els throughout this territory.
Lewiston. Idaho. Weather past week
highly favorable for harvesting and ripen
ing of grains In higher altitudes. Grain
yields normal. Lots of smut. Barley col
ored some localities but plump and good
Pendleton. Or. Grain In this county !s
about harvested. As far as can judge now
It is about normal crop.
Dulnth Linseed Market.
ryCTUTH. Sept. 2. Linseed on track and
to arrive 1 2.064 ; September. $2.05; Octo
ber. $2.07 H ; November, -$2.0-7 bid; De
WOOL CLIP LIGHTER
Record Prices Paid, but total
Value Under Last Year's.
OWNERS SELL OFF FLOCKS
Market Strong: Owing to War and
British Embargo on Shipments
From Antipodes Growers
Withhold Part of Clip.
OREGON WOOL CUPS OF 1916.
Baker County 1.K0O.0OO
Harney asd Malheur l.r.OO.OOO
Pilot Rock and Pendleton.. 750.000
Joseph and Enterprise 600,000
Jordan Valley 560.OO0
Arlington and Condon 1,250,000
Ma Int. Redmond and Bend 7S0.0OO
. . . 1.000.O00
Southern Oiegon . .
Wool prices in Oregon this year wera the
highest In the history of the state, but the
clip was an unusually light one and the
total income from this source was smaller
than last year's.
Growers who sold whan the buying aa
keen had no fault to find with the prices
bid. From the time of the first sales the
tendency . of the market was steadily up
ward. The advance, however, was not as
rapid as some of the sheepmen anticipated
and a greater number than for many years
withdrew their clips from the market. These
wools are still held in this state unsold.
As was the case last year, the European
war was the great factor in strengthening
the market, but less was heard of the war
demand than of the stoppage of needed Im
portations from Australia and other coun
tries from which American manufacturer
have always secured supplies.
As for the future course of the market.
It will depend, of course, mainly on the dur
ation of ths war. If the conflict should be
ended before the next clip Is ready for mar
ket, extreme wool prices will not be looked
for. However, the trade does not anticipate
a return of very low values as wool, in ths
world's market, independently of war con
ditions. Is In a very strong statistical po
sition. In discussing the past season In Oregon,
Isldor N. Koshland, a leading local wool
The wool season of 1918 In Oregon was
different from any that we nave had for
some time. More -wool was privately bought.
either by contract before shearing time or
VALUE OF OREGON WOOL CLIPS.
1IN. . . .
. . .ir.:-L'5,ooo
. . .16.300,000
. . .18,700,000
. . .19.450.000
. . .18 500.000
. . . 20,000.000
. . .lS.0uO.00o
just when sheared, than for some years.
Prices ruled high and any number of grow
ers were ready to let go and most of them
(except on early contracts) did better than
those who held for the regular sales. Then
again, more wool la left unsold In Oregon
than there has been at this time of the year
since the time of the panic prices. This was
due to high prices, bullish reports by some
newspapers and by persons not connected
with the wool industry and also to the fact
that Oregon had some of the poorest clips
it has had In years. Growers could not
realize that their clips were not worth the
"The margin between clips ranged any
where from 5 to 7 cents per pound. Choice
wools, what there were, were generally and
readily sold, and 25 cents and better was
paid for fine wool clips, end up to 30- cents
for the coarse grades.
"As a whole, tho sealed bid sales could
hardly be called a success. At most points
the quantity was small, and with growers'
ideas rather extreme, excepting at Shaniko,
where practically everything was sold, own
ers of hardly half of the clips offered ac
cepted bids. These lots are mostly still on
hand, held, by growers at country points
or consigned to Portland commission ware
houses. There are probably 500,000 pounds
still at central points and 0,000,000 pounds
in Portland. Of the clips In Portlaad, quite
a portion were not offered, grows specu
lating on the future market.
"The clip in Oregon was the lightest In
the history of the state. The fleeces av
eraged fully a pound lighter than pre
vious years. Any number of o-wtners cut
down their bands or sold out, and the cheep
were shipped out of the state. These sheep
sales were made owing to the attractive
prices, both for lambs and aged Sheep. With
present conditions continuing and with the
very strong demand for lambs, we will have
only old ewes left, and with the limited
Summer range, caused by our forest reserve
policy, our sheep industry will further de
cline. "The generally poor condition of the wool
was caused, first, by the dry Summer and
Fall, the sheep coming out of the mountains
in a cloud of dust, with little water and
green feed and then came the long, hard
Winter. Generally, -SO days feeding Is long,
but last Winter they had anywhere from
three to four months extra feeding. This
also showed In the condition of the snool,
LANE SHEEP VACCINATED
OWXERS INSIST THEY HAVE
"GRUB IN THE HEAD."
County Agent Robb Demonstrates the
Affection la li. Septicemia and Ob
tain Virus From O. A. C.
CORVALLI3, Sept. 2. (Special.) County
agricultural agents report to State Leader
Marls this week as follows:
Iane County A Jersey breeders' picnic
was held this week with an attendance of
100. This was the first of Its kind to be
held here, it was decided to make this an
Tuesday 1 helped vaccinate 50 head more
of sheep. Four prominent sheep owners were
present. They were positive the sheep in
the county were dying with leech. We made
a post mortem so as to convince them other
wise. They Insisted on "grub In the head."
After going over the carcass thoroughly
they decided there was sometlng In the
disease H. septicemia. I had obtained vac
cine for 600 head for one of the owners
present and he argued very favorably for
the vaccine the Agricultural College Is send
I found grain weevil to be on several
farms In granaries near Junction City. I
have made arrangements to fumigate on.
of the granaries
The latte- part of the week was spent In
answering phone calls and Inspecting clover
fields. A heavy rain that occurred here ten
days ago seems to have injured the filling
of the heads somewnat. l touna ttiree fields
that would not be profitable If left for
seed. The majority of fields -here were found
to be filling fairly satisfactorily.
Seventeen farmers were visited and 41
called at the office.
In company with V. B. Meyers, of dairy
division. Cnited States "Dairy Association, 1
met with directors of Junction ereamery
and discussed the probability of establish
lng a enw-testing association at Junction
City. They were heartily In favor and
signed up for 100 cows. It was thought
best to give the people a few weeks' time
to think the mayar over before going
ahead. This would Insure people Joining
that would remain in the association longer.
Wednesday Professor Hyslop and myself
went over the county Inspecting grain
fields. I believe tome arrangement can be
made In the future for soma co-operative
expert crop work that will be of great value
to the county.
Saturday 1 met with the Crow Grange and
arranged for a silo demonstration through
the Grange. N. S. Robb.
Tamhlll Spent most of the week In the
interest of the silo and co-operative live
stock shipping. As soon ss harvesting is
over a number of silos will be built.
Another car of cattle and hogs was shipped
on August 29. Interest la co-operative live
stock shipping. Is growing, and at the next
meeting of the League Council next Satur
day I will ask for the appointment of a
livestock shipping agent for McMinnville
and one for Carlton. These agents can then
look after the shipments and thus relieve
me of much of the work.
I accompanied the County School Super
intendents on a visit to two of the club
workers, and took photographs of thetr
crops while there.
Spent one day attending the meeting of
the committees of the Western Walnut As
sociation in Portland, and one day at Rex.
a small town on the eastern border of the
county, where a farmers picnic had been
arranged and I was .asked to talk to them.
We held both afternoon and evening meet
ings with good attendance. Seventeen farm
ers were visited during the week. 11. S.
Y h r The school fair at Spray Is al-
wsys an Important event In that neighbor
hood, and as this year a stock show is to be
held In conjunction it promises to be even
better than usual. Some assistance was
given to various exhibitors In choosing their
exniDits, and most everyone who was seen
win nave sometning at tne xair.
About a dozen alfalfa fields were visited
and dodder found In two. Measures for Its
eradication were advised and will be put
into errect at the close of harvest.
A three-day trip was taken throua-h th
Basin country on a saddle horse, 'as roads
through there are not passable. A large
number of alfalfa fields provide hay for
wintering sheep. The country Is Isolated in
the Winter and for months no mail can
get In. The need of a school is one thing
that is apparent, as over a dozen children
live In the valley. A petition was pre
pared and the School Superintendent of
Wheeler County seen regarding it. As both
the Grant County Superintendent and the
Wheeler County man are in favor of it we
hopo to have one in there this Winter.
A meeting of the WInlock Grange was at
tended on Saturday and a talk given on the
farming business. Then a discussion of the
costs of raising and marketing various
crops took up some time. A proposed co
operative buying venture was discussed and
action deferred until next week. Twenty
three farmers were visited. C. L Jamison.
RECEIPTS KEEP UP WELL
STEADY GAIN IS MADE IN SWIXE
Steer Prices) Ease Off, but Cow Market
Improves at North Portland
Yards During- Month.
Livestock shippers, anticipating a railroad
tie-up, got a large supply of stock on the
market yesterday. Most of It was held over
to be disposed of on Monday with the
usual over-unaay run, wnica also prom
ises to be large.
There was no change in general market
conditions at the close of the - week, and
the few sales were at former prices.
Receipts were 127 cattle. 3 calves, 1135
hogs and 776 sheep. Shippers were: Ketch
um & Son, Wasco County. 2 cars sheep: C
Brigson, Union County. 1 car sheep. Is'ortn
Portland Serum Company. Multnomah Coun
ty. 1 car hogs; J. J. Culbertson and 'V. II.
Ross, Canyon County. Idaho, 1 car each of
hogs; Robert McCrow, Klickitat County,
Washington. 2 cars hogs; c . Lucke,
Clackamas County. 1 car hogs; "Wlllla a
iilock. folk County. 1 car nogs; H. V
wrtgnt. Tvuama county, (janrornla. 1 car
hogs; S. la. Overton, Linn County, 1 car
cattle, hogs and sheep: J. M. Harry, Doug
las County, 2 cars cattle and calves; C. L.
Williams. Douglas County. 1 car cattle; J.
S. Lynch, Lane County, 1 'car cattle, calves
and hogs; liurdlck & Cavanaugn, Linn Conn,
ty, 1 car cattle and hogs; G. V". Of field
Klamath County. 1 car hoes: G. W. Kvrn.
Marlon County, 1 car cattle, hogs and sheep.
The day's sales were as follows:
Wt. Prieel . fft Price
6 steers... 023 $5.0;30 hogs 340 $u.o
3 calves... 140 7.0.( 1 hog 200 8.5)
4 calves... 31u 5.;'0:2o lambs. . . 82
7hogs. ... 315 9.0O 2 ewes 130 6.00
Renewing supply and trade conditions at
the yards- in the past month, the Livestock
"Reccl-f9 of cattle for ths month held
up quite well, although they were much
lighter than last month when 6172 head
were received. Total receipts for August
was 54s, against -3038 received last year.
"Steer prices showed a decline of fully
76 cents for the month making the decline
"Prime heavy steers closed the month with
a $6.75 top. The market was a draggy af
fair most all month In the killer division.
Packers were well supplied the biggest part
oc tne month on account of the record re
ceipts of cattle during July.
"After last month's weak cow market
a steady Improvement was In evidence. There
was a light supply up to the last week and
were meeting fairly good demand. Prices
closed the month on a steady to a Uttl
hlgher basis. Best cows brought $o.25 to
90.4U at tne month s close. .Bulls showed
23-cent loss for the month, prime heavy
bulls bringing S4.25, against a 4. CO top at
the start of the month. Demand is limited.
"August made a reputation In the feeder
division at the Portland Union Stockvards.
During the month 1100 head of all classes
oi feeder stock were purchased -on this mar
ket, teeaer cattle are still in good de
nana and buyers from all points In the
northwest are beginning to look toward this
market tor tneir stock.
"Prices closed steady with last month, al
though during the middle of month sales
were orf a good 60 cents, but regained the
loss by the end of the month. Best feeders
are selling at , with bulk of good steers
going to feeders from $5 to $3.00: A good
many cows and heifers were bought here
during the month. Best stock cows and
heifers bring J4.S0 -adth J3.SO to M taking
"Hog receipts continue to show Increases
each month. August receipts totaled 17.63U
head, against 14.907 last year. Increase
tor the year to date Is approximate! v 60.000
head. Prices made another gain of 50 cents
during the month. Prime light hogs sell at
"Ihere has been a very firm sheep trade
11 month. Lambs have .old nn a ste.riv
Dasis. Best east-of-the-mounteln lambs
sold at 8.2o, while bulk of valley lambs
oroo-c-nt .-. .tsntcner eneep nave shown an
advance in prices of 25 to GO cents. Best
yearling wethers brought 16.50. against a 6-
ceit top last month. Choice light ewes were
quoted at S5.30. Breeding ewes especially
were In heavy demand and have sold tin to
o i-euia i!rr nuuureu.
Local livestock prices follow:
Steers, common to fair
Cows, medium to good...
Cows, ordinary to fair
. 4. r0 ft 5. 'ill
. 4.00 a 4.50
. 8.00 3 4.21
. 3.00 S 0.0
Good to prime mixed. ........ ,
Kougn neavy .................
Plus and skips
8.23 a 8.73
5.73 3 C. 50
Old wethers ..................
8.S0 0 5.50
Omaha Livestock Market?
OMAHA. Neb.. Sept. 2. Hogs Receipts
wuoo, lower, .tieavy. i.i.-'r jo; ugnt, sin.i
CT 10.60; pigs, $910; bulk of sales. $9.83
Cattle P.ecelpts 100. steady. TVstlve steers.
TS10.60: Texas steers. t 20i? 7 20: cows and
heifers. 5.7sa i.z.-; csnners, 43 0. 75; stock
ers ana reeaers, suix .zij.
Sheet) Receipts lOoO, lower. Tearllnm.
$63037; wethers, $6.7507.23; lambs, $10 a
Chicago Livestock Market.
CHICAGO. Sect. 2. Hoas Recelnts 2S.
000. dull. 20c under vesterdav. averse.
Bulk of sales. 10. 23310. 60: light. $10.33'3
11; mixed. $.9O10.05; heavy. $9.85S10.a5;
rou.n. w.roiii i'j.uo pigs. iiatf.4u.
C.ttle Receipts 12.000. weak. Native
beef cattle. sa.S5Oll.a0: Western steers,
$6.80 9: etockers and feeders. $4.755' 7. tin
cows ana neuers, sj.40 calves, $8.50
Sheep Receipts 18,000, weak. Wethers.
(Q.ij'0 f.au; lamus. su.oiu.tio.
Minneapolis Oraln Market.
MINNEAPOLIS. Sept. 2. Wheat Sep
tember. $1.55H : December. $1.68A. Cash
No. 1 hard. $1.62 ; No. 1 Northern. S1.55H
1.B9; No. 2. Northern, 1.B2H (S 1.5 i H
Barley, O0( Sc. r lax, 2.05 .09.
Elgin Butter Market,
ELGIN. 111.. Sept. 2. Butter, 50 t
sold at 81 Vi cents.
ENTIRE LIST GAINS
Short Covering Helps Advance
in Stock Market.
MARINES ARE FEATURE
Leading Kails Better Iy One to Two
Points American Zinc Attaint
Xew Maximum Steel Cloje
to Record Point.
NEW TORK, Sept. 8. Today's market
hesitated at the outset, first quotations In
dicating doubt on the part of the profes
sional element as to the significance of over
night developments In the railway labor
situation. This condition gave way later to
general strength, the advance being aided
by extensivs short covering.
Trading In Marines, which supplied over
25 per cent of the brief session's turnover,
wss the noteworthy feature, the preferred
making a new record on Its gross advance
of 4 points to 109, with 1 H points for the
common and 1 to 2 points for other shipping
A new maximum was also made by Amer
ican Zinc preferred, which advanced 8-li
points to wnus uenerai Motors pre
ferred sold at Its best quotation In mans
months, rising S points to 128.
Coppers and other metals were - 1 to 2
points higher, munitions snd petroieums ad
vanced about as much and motors made up
some of thtelr recent losses, with additional
gains In accessories.
United States Steel came forward toward
the last, being extensively active to 96". . an
extreme gain of IS. and placing It with the
quarterly and extra dividend within V.
point of Its high record.
Reading and Canadian Pacific led the
advancing movement in rails at gains of
almost 2 points, with a point each for
Northern Pacific, New York Central and
some of the Eastern group. Sales amounted
to 274,000 shares.
The foreign exchange market was a nom-
nal affair, with no change from yesterday.
except for a slight recession in rubles.
Bonds were suady. but dull. Anglo-French
Ss being largely dealt In at the prevailing
quotation. Total sales, par value, were
l.44fi,000. Cnited States coupon 4s rose
per cent, on call during the week.
CLOSING STOCK QUOTATIONS.
Am Beet Sugar..
American Can. .
Am Car & Fdry.
Am Sm si Rets..
Am Sugar Refg.
Am Tel & Tel. ..
Am Zinc L & S. .
Anaconda Cop. .
too ruiii .si
Bait & Ohio
Br Rap Transit.
B V S Copper. . .
Central Leath. ..
Ches & Ohio
Chi Mil i St P..
Chi & N West. ..
C R I Si P Ry. ..
Chlno Copper. .
Colo Fuel & It..
Corn Prod Refg.
Crucible Steel. .
1.500 48 "4 46S
Gt North pfd . . .
Gt Nor Ore ctfs..
Int Consol Corp.
Int Harv. N J. . .
Int M M pfd ctfs. 45,000
K C Southern.
Kennecott Cop. .
Louis se rv aan . . .
31 k ft T pld. . ..
national Lead. .
New York Cent..
N Y N H & Hart.
Norfolk & West.
Pac Tel & Tel
Pennsylvania. . .
P.enub Ir &Steel
Shat Anx Cop. ..
Southern Ry. . . .
studebaker Co. .
Tennessee Coo. .
union raclllc. . .
V S Ind Alcohol.
U S Steel
Utah Copper. . ..
Wabash pfd B. .
Western Union. .
Westing Elect. .
Total sales for the day. 274.000 shares.
TT S ref 2s reg..99 Northern Pac 8s. 63
U S ref 2s coup. "Oft Pac T T si. lonv:
U S 3s reg 'lonn-penn Con 4k.s..104
U S 3s coupon. 10014 .South Pac ref 4s !9
U 8 4s reg 109 do cv Ss 103
U S 4s coupon. 110'Unlon Pao 4s... 96
Am Smelter 6s.. 107 do cv 4s 93
Atchison gen 4a 92 U S 6teel 5s 10514
NYC deb 6s. . . 11 1 (Anglo-French Ss. B.lu
Northern Pac 4s 91'
Mining Stocks at Boston.
BOSTON. Sept. 2. Closing quotations:
Ariz Com 9
Calumet Ariz. 71
Old Dom ...
Osceola . . . . ,
Cal & Hecla B38
Cop Range Con. 60
East Butte Cop, 16
Franklin 7iSup & Bos Min.
ureene can ... 49 ;Tamarack
Isle Roy (COD). 28 Utah Con
Kerr Lake , 4 Hi Winona ...
Lake Copper ..12; Wolverine
EXCESS RESERVES ARE DECREASED
Heavy Loss Reported by New Tork Clear
ing; House Banks.
NEW YORK. Sept. 2. The statement of
tne actua: conoitlons or clearing 4iouss banks
and trust companies for the week ahowa
that thsy hold 195.e29.H0 reserve In excess
of legal requirements. This Is a decreass
of $29.5vll,220 from last week. -The state
Leans, etc $3,292,337,000 $ 4S.435.000
Reserve In own .
Reserve in Fed
eral reserve banks 161.5S9.000
Reserve In other
Net time deposits
Of which $374,40S,000 Is
Aggregate reserve. $636.367. ono: excess re
serve. $95,829,140: decrease. $29,581,220
Summary of state banks and trust com
panies In Greater New York not Included
in clearing house statement:
Loans, etc J714.6S7.200 $798,700
Specie 69.42S.7on 7:1. 70O
Legal tenders 8.941.300 218.900
Total deposits 881. 009,000 6,126.800
Banks' cash reserve in vault, $11.844.M--u.
Trust companies' cash reserve In vault, $56,
525.700. Decrees e.
LABOB SITUATION CHIEF
Stock Prices Governed In Fast Week
NEW YORK, Sept. 2. All other consider
ations snd developments of the flnanojal
week were lost sight of In the railway labor
situation, which reached Its crisis Just be
fore the adoption of the 8-hour law by the
Lower House of Congress. Wall street en
tered upon Its double holiday in the firm
belief, as Indicsted by the strength of the
market, that the measure would pass tne
Senste snd become a law In time to avert
the threatened strike.
Ralls were under more or less restraint
In the stock market, though coming for
ward later with other investment shares.
The trend of speculation, which lacked tna
volume and scope of the preceding week,
was clearly towards industrials snd snip
ing Issues. Mercantile Marines took first
Metal shares slso Improved perseptibly.
the lncressed and extra dividend declared
by leading copper producers being followed
by the high records of Inspiration Copper
and some of the zinc Issues.
Automobile issues moved contrarily most
of the time. Studebaker and Willys-Overland
being heavy to weak, while the ac
cessories were decidedly strong.
United States Steel came within to
Its record quotation of last week, seUlng
egular and T
and other I
anif ested a I
extra dividends or -;v per cent
Industrials of the. same class ma
International financial conditions found
their onlv reflection in the new low quota
tion of C9i for German remittances with a
steady recovery in the -alue of rubles. The
success of the new British two-year loan
was without appreciable effect on rates to
London, which held about steady, with no
material change In francs.
Business in general was maintained at the
record-breaking pace and railroad tonnage
was limited only by shortage of equipment
Grains and other foodstuffs are being
rushed to market and the enormous bank
exchanges and clearings at reserve centers
are in themselves strong proof of the easy
domestic monetary situation:
FEDERAL BANKS RESERVES LES
Decrease of Twenty Million Reported in
WASHINGTON. Sept. 2. The combined
resources and liabilities of the 12 Federal
reserve banks September 1 were as follows:
Gold coin snd certificates in
vault I . .a245..158.t00
Gold settlement fund 104.601.000
Gold rciempetlon fund with
United States Treasurer 1.812.000
Gold total reserve $351.771.o:'0
Legal tender notes, silver, etc... 13.605.000
Total reserve $383,376,000
Five per cent redemption fund
agalust Federal reserve bank
notes i. 500.000
Bills discounted and toought
Maturltle. within 10 days $ 15.733.000
From 11 o .VJ days 21. 671. Oi'O
From 31 to 60 days 42.674.000
From 61 to 9,1 days 21.230 Chiv
Over 90 days 2.342.000
T'nited States bonds ....
One-year Treasury notes
Total earning assets
Federal reserve notes, net
Due from Feueral reserve banks.
"JO.. 90. 000
i xil otter 'resources"
Totsl resources $607,402,000
Cai'tltal paid In $ 55.3fln.Oi'0
Government deposits 30.91S.0nn
.MemDer bank deposits, net 4s4. 697.000
Federal reserve notes 14.416,000
Ferier! reserve banks' notes in
All other liabilities - 291000
Total liabilities $6n7.0C,0OO
Gold reserve against net deposit and note
liabilities. 68.4 per cent.
Cash reserve against net deposit and note
llaMlttles. 71 per cert.
Cash reerv against net deposit liabilities
after vettlne aside 40 per cent gold reserve
against aggregating net liabilities on Fed
eral reserve notes In circulation, 71.9 per
SAN FRANCISCO PRODUCE MARKET
Prices Current on Butter, Eggs. Fruits,
Vegetables, Etc., at Buy City.
SAX FRANCISCO. Sept. t. Butter
Fresh extras. 30c; prime firsts, 29c; fresh
Eggs Fresh extras, 87c; pullets. 324c.
Cheese New. 14c; Young Americas, 17c.
Vegetables String beans. 2l-tr3".ic: wax,
85c; llmaa. 8J4c; green corn. 75c'S$l:
Summer squash, 5n5C; cucumbers. 59 r$
60e tomatoes. 25S50c; eggplant, 43j?50c;
Fruit Plums. l.Ocal; peaches, 75c?$l;
grapes, seedless. 503r6Oc; pears. $1111.50:
lemons. $4(3 6; grapefruit, $2.50 2.75; ba
nanas, 50C? $1.25; pineapples, $1.73tJ3.25.
Receipts Flour. 3015 quarters: barley,
6340 centals; beans, 546 sacks; potatoes.
7003 sacks; hay. 558 tons; hides, 513; wine,
Money, Exchange.' Etc.
NBW TORK. Sept. 2. Mercantile paper.
3 S 8 per cent.
Sterling. 60-day bills. $4.71: demand.
$4.73; cables. $4.76 7-16. Francs, de
mand, $.VSt4; cables, $3 88. Marks, de
mand, 69c; cables. 6!& Kronen, de
mand, 1225: cables, 1230. Guilders, de
mand, 41 c: cables. 41 l-10c. Llres. de
mand. 64S; cables, 647. Rubles, demand,
33 c; cables, 3:tc.
Bar silver, 67 c.
Mexican dollars. 52,ic.
Government bonds, steady; railroad bonds,
SAN PRANTIPfoi Sept. 2. Sterling.
$4.71 W: demand, $4.73; cables, $4.70.
Mexican dollars. 52c.
-i3ar silver, 32 'id per
Money, 4 per cent.
Discount rates: Short bills. 5 05 per
, o momns, oftio- per cent.
SAVANNAH. Ga.. Sent 2 r,-nn-
firm, 42c; sales. 210 barrels; receipts. 272
barrels; shipments. 97 barrels; stock, 27 449
Rosin, firm; sales. 12S7 barrels; receipts.
941 barrels; shipments, 106 barrels; stocks,
...o-. utwieis. tuote.: A, H. S3. 75; C U,
$3.80; E. $.-,5; F. $.n,-,: o. $.10: li I.
JO.-'O; K. $62.-; M. $6.30; N. $.1.33; WQ.
NEW YORK. Sept. 2. The copper mar
remained steady all the week with
wui.i.-muns ranging from 27 to 2Sc for elec-
Iron was unchanged
Chicago Dairy Produce.
CHICAGO. Sept. 2. Butter unchanged.
receipts. 11.431 cases; unchanged.
Dried Fruit at New York.
a yjr. rv. Mpt . Kvaporated ap-
"a"""., a-runes iirm. Peaches quiet
Hops, Etc, at w York.
NEW YORK. Sept. 2. Hops Quiet. Hides
obuAujr. t 001 nrirt.
Cotton and Sugar Markets rio
NEW YORK. Sept. 2. Holiday In cotton
Albany Dean of AVomcn Xanied.
ALBANY. Or.. Sept. 2. (Special.)
-iis w insiow Hutchinson will be dean
or women at Albany collegro this year,
accorains; to an announcement made
yesieraay. ay virtue of this position
ne win nave charge of Tremont Hall
the women's dormitory. Miss Hutchin-
son has been instructor in French and
German in the college for two vears
and will have the same position this
Recruiters Are Sliirted.
CEXTRALIA. Wash.. SeDt 2 .ISn.,
clal.) Private Alexander Lacewell, who
nas oeen connected with the United
states Army recruiting- station at Port
land, came here today to relieve Pri
vato Shirley Ice. Tho latter will re
port back to Portland for dutv.
Bresers. blnek. Roods, Cettsa,
t1-H7 BOARD OF TRADE RLPO.
skas.alai;aU CHICAGO BOARU OT
Correspondents of figaa s Brraa,
Chicago and New York.
few TOTS' stock Eirhaas
Chlraso Utoek Eirhuta
BoMou Stork Cxrhan&e.
C atiragu iioarrl of Trade.
Iew lork Cotton fcscriaBge.
New Orleans Cotton Ei'nnia,
New ork Coffee Uxrbang.
New Ta'ork Protfura Eiruaajs
a-itcriifiul Cottor. Asa'a.
7 & Honolulu. Suva, New Zealand
K.M.H. "NIAGARA.' R.M.S ".M a k r 114
1 20.000 ton. dl. , of.W'toni ,
Sail from VANCOUVER. B. c. tsei't 27
ret 23. Nov IS. Apj.lv Canadian i-aclflc
Railway. 65 Third St., Portland. Or. or te
the Canadian Australian Royal Mall Line.
440 eeymonr Street. Vancouver. B. C
U-S.MiinS.Sa. SIERRA, SONOMA, VENTURA
EveiS-Oay: Ft. 7. Sept. 26, Oct. 17
LOWEST RATES OF tAijsAGE! Apply to
OCEANIC S. S. CO.. titiiUULiufiaitlta
equivalent to 99t4 minus Its re
BUYING IS URGENT
HIGH CASH PREMIUMS PAID
Removal of Railway Embargo Re
sponsible for Activity of Foreign
ers Traders Confident of the
Passage of Elght-ITonr Bill.
CHICAGO. Sept. 3. Confidence that a set
tlement of the railway strike would be ef
fected led to a decided upturn today tn
wheat The close was strong at the highest
level of the session, a net advance of 2TsC
to 4c. with December st $1.47 g 1.48 and
May at $1.49 g 1.59. Other leading sta
ples, too. all showed gains corn c to tc.
oats c to Isc. and provisions 15c to 30c.
Disappearance of any fear over the chance
that the eight-hour bill might be defeated
was evident from the outset In the wheat
market. All pressure to sell was absent,
and Instead signs developed that foreign
demsnd had become urgent. Indeed, cash
premiums paid by exporters were the high
est of any time this season. Notices of a
general nQllif lcatlon of railway embargoes '
seemed to be chiefly responsible for the
activity of foreigners.
Corn, like wheat, showed a broad general
demand. Some export business was done,
snd commission-house buying was of a good
Osts displayed independent strength owing
to announcement that the British govern
ment had taken 1.000.000 bushels here for
Speculators and psckers were active buy
ers of provisions. Optimism In regard to
the rallwsy situation acted as more than
an offset for a decline which took place in
the hog market.
Leading futures ranged as follows:
'$1.45 $1 49
72 H .734
May 73 i
47 .4S ,47
6014 .51 .60
26 6f 26.73 26.53
24.63. 24.92 24.53
14.45 14 22
Oct 14.37 14 20
Jan 13.02 13.17 13.02
I'ssh prices were:
Wheat No. 2 red. $1374 144:
red, nominal : No. 2 hard, $1.45 "fe 3 1.47 ;
No. S hard. $1 37 i 1.43H.
Corn No. 2 yellow. S6vTnS7c: No. 4 yel
low, nominal: No. 2 white, nominal.
Oats No. 3 white. 44 n 4.".c; standard.
43 i u 46c.
Rve No. 2. $1.1S.
Barlev S2eW $1.09.
Timothjr 4i9 4.75.
Clover $11 ft-14.
Primary receipts Wheat. 1.436.C0O vs.
1.441. OOO bushels; corn. tiOO.nnn vs. 323.000
bushels; oats. 1.619.0o0 vs. 1,459.000 bush
els. Shipments weat. 1.366.00O vs. 800.000
bushels: corn. 249.000 vs. 252.000 bushels;
oats. 863.000 vs. 1.00O.00O bushels.
Foreign Grain Market -
LTVTRPOOL. Sept. 2. Cash wheat J
lower. Corn Hd to Id lower.
LONDON. Sept. 2 Cargoes on passage,
3d to 6d lower. Corn 3d to 6d lowxr.
BrEN'OS ATRES. Sept. 2. Wheat un
changed. Corn M to H lower.
Eastern Wheat Futures.
TOrLTJTH. Sept. 2 Wheat closed Sep
tember. $1.57: December. $1.52; May. $1.54 .
WINNIPEG. Sept. 2. Wheat closed Oc
tober $150 asked; December, $1.45; May.
KANSAS CITY. Sept. 2. Wheat closed
September. $1.41 ': December. J1.42T4 asked;
May. J1.45H asked.
ST. LOT'IS, Sept. 2. Wheat closed Sep
tember, il m bid; December. $1.40H:
May. $1.484 bid.
Fatern Cash Grain Markets.
ST. LOrl?. Sept. 2. Cash wheat 8 to 4
higher. Corn h to 1 up. Oats 1 U Id
MINNEAPOLIS. Sept. 2. Cash wheat de
CHICAGO. Sept. 2. Cash wheat premi
ums recovered. 2 to 3 higher. Corn H high
er on good grades. Oats i to 1 higher.
Grain at San Francisco.
SAN FRANCISCO, Sept. 2. Spot quota
tions Walla. $2 03 'a 2.10: red Russian, $2.05
f2.in: turkey red. $2.1Slr2 2n: bluesterr.
12.15-6 2 20 Feed barlev. 1 1.65 ft 1.67 U : white
oats. $1 63vf 1 674 ; bran. $24.50325; mU
dllnrs. $32rt3: shorts. $25 50-626.
Cnllboerd Parley December. $1.714 bid;
$1.77 asked; May. $180 asked.
Puget Sound Grain Markets.
SEATTLE. Sept. 2. Wheat Bluestem.
$1.2S; Turkev red. $1.S0: fortyfold. $1.26-.
club. $1.24: fife. $1.24; red Russian. $1.23.
rarley. $33 per ton.
Yesterday's car receipts: Wheat 10, oats
5. barley 1. hay 28. flour 9.
TACOMA, Wash.. Sept. 2. Wheat Blue
stem. $1.25: forty-Told, $122: club and red
fife. $1.21; red Russian. $1.20.
r'ar receipts: Wheat 25. oats 2. bay 8.
S.S. Great Northern Northern Pacific
FASTEST ROUTE TO CALIFORNIA
. to and
San Francisco $17.53
Toorlat. $15 and M2.S0 3d Clns.
30-day Ronnd Trip $32, from fori land
and Any Willamette alley Point on
OlCEt.O.V KLLCTKIC RY.
Cal. Steamer Express 8:30 A. M.
TUESDAY. THIKSDAY, SATURDAT
North Bank Road, Fifth and Stark.
North Bank Station. Tenth and Hojt.
Third and Morrison. A. 1', 11 -.
34H V ashinKton, i. X. Rjr,
Irtrrlurs, ) u n a n,
Uotucla. Haine, skav
vm om mmi bb
Via brattle or 6an Frsnclsco to Los
Angeles and Ban Ulego. Largest ships.
unequaled service, low rates, including;
meals and berth.
For particulars apply or telephone
Ticket Office. 49 Washington f.t
Fac Main 229. Home A-22W3.
S. S. 4VAPAMA
Wednesday. 9:30 P. M.. Scot- 6
San Francisco. Portland afc Los Anae-
le Mcamsoip co. rranK Bollam.
Alt-. 124 Third st. A 45UO. Main 2