The Sunday Oregonian., July 21, 1918, SECTION TWO, Page 15, Image 35

THE SUNDAY OREGONIAX, rORTLAXD, JUIYI 21, 1918.
15
fHARSHES YIELD BIG
Cranberry Crop Will Be at
Least Double Last Year's.
WEATHER CONDITION IDEAL
Production on Both Sides of Month
of Columbia Will Be in Excess of
.10,000 Barrels Crop in East
ern States Will Be Short,
The cranberry crop of the Pacific Coast
will be at leant twice and probably three
times as large as that of last year. This Is
in marked contrast to Eastern crop reports,
which at this writing; lndlcat a crop of
two-thirds of normal. Late Spring frosts
bare done more than their share of harm
to the Eastern marshes, and, combining this
loss with the loss sustained by Winter kill
ing, on account of the severe weather con
ditions of last Winter, the cranberry crop
of the East will be small.
Hera on the Coast, on the contrary, cll
knatlc conditions have been unfailingly Ideal.
Winter killing of vines Is unknown and all
frost danger Is past before the vine sends
forth its blossom.
Many of the marshes on both sides of tha
Columbia at Its mouth are now coming Into
full bearing, and the yield from this acre
age, combined with that of older marshes,
should make the crop this year well In ex
cess of 10,000 barrels, as compared with a
crop of 6000 barrels for this district last
seasoD.
COARSE GRAIN BIDS -ARB TOCHaXGED
Winter Wheat Harvest Is Now General an
Pacific; Coast.
There was no change In coarse grain bids
bn the local board yesterday, though the
Eastern markets continued their decline.
The Winter wheat harvest has now be
come general In the Northwest and is well
advanced In California. The harvesting of
Spring wheat has begun in soma of the
early localities in Oregon and Idaho. More
than half of the barley has been cut in Cali
fornia and a good beginning has been made
In harvesting this crop in tha Northern
states, where the yields are reported to be
poor to fair. More than tha usual amount
of oats has been cut for hay on account
of the dry weather, which led to the belief
that it would not mature a good crop of
grain. Corn was greatly benefited by tha
rains and it is generally in excellent con
dition. In Nevada good showers in the
south portion greatly benefited all crops,
especially hay and the ranges. In Humboldt
Valley wheat, oats and hay are reported
short in many localities and irrigation water
Is scarce. The supply of water Is sufficient
In the western portion and all crops are
doing well. Stock are still reported in good
condition everywhere.
Weather conditions In the Middle West,
as wired from Chicago: "Winnipeg, cloudy,
75; Duluth, partly cloudy, cool; Chicago,
Peoria, St. Paul, Kansas City, Topeka, Oma
ha, Ohio Valley, French Lick. Hopklns--rllle.
Clarksvllle, clear, fine."
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows:
on chickens. Hens sold yesterday at 23f24
cents and broilers cleaned up at 26 cants.
Flour Prices Are Revised.
Local flour prices have been again re
vised and the mills have put out a quota
tion on hard wheat flour of $11.05 at tha
mills or (11.15 delivered to the retailer.
Straight, soft wheat flour Is listed at $10.85
at tha mills and $10.95 delivered to tha re
tailer. No change was made in the prices
of graham or other flours.
Bank Clearings.
'Bank clearings of the Northwestern
cities yesterday were as follows:
C'lesrings. Balances
Portland S:i,231.3n4 $ 9l.Ra2
Soattla .. .. 6,228. 7S2 1,45,257
Tacoma 605.130 160.020
Spokane 1.210.411 448.894
Clearings of Portland, Seattle and Tacoma
for the past week and corresponding week
in zorxner years:
Portland.
1918. .... . $25.022. 38
191T 14,582.932
1816...... 10.4S2.706
1015 8.731.657
1914 9.6(12.808
1S13 9.741. 304
1912 9.420.672
1911 8.843.440
3910 8.443.387
1908 4.922,145
197 7,018.151
1906 5.537.808
1B05 . 3.453.109
Seattle.
$41,577,459
21.795.619
14.232.644
11, 626,999
11,586.476
11.238.119
10.778.296
9,757,643.
9.975,016
7.667.0B9
8. 949,579
8,107,245
6,932,254
Tacoma.
$5.032.5R5
2.752.003
2.26U.988
1.8B5.B49
2.012,907
2.424.492
3,813.277
4.072,606
6,083.891
4.078.159
4,704.361
8.658.080
8,063,008
CROP CUT BY HEAT
Grain Yield Decreased
Eastern Washington.
in
QUALITY WILL BE GOOD
With Acreage Above Normal Output
of Wheat Will Be About 60 Per
Cent Hay Harvest Will
Also Be Light. .
STOCK SALES LIMITED
SPECIALTIES ONLY ACTIVES FEA
TURES OF MARKET.
Tobaccos and Alcohol Shares Lifted by
Pool Manipulation Rail . List Is
Ignored Bonds Steady
NEW YORK. July 20. Trading In stocks
today scarcely warranted extended descrip
tion, transactions Just about totalling 140,
000 shares. Of this meager turnover, spe
cialties, under professional direction, con
tributed more than their usual proportion.
Such speculative Issues as Sumatra To
bacco and Industrial Alcohol were lifted
S to 4 points. Tobacco Products and Dis
tillers 1 to 1V4 and the local tractions about
a point each.
United States Steel rose the better part of
a point at one time, but surrendered all Its
advantages at the end. Other steels were
equally irregular and coppers, motors and
oils were only occasionally quoted.
Kails were again ignored, except for the
moderate strength and activity of such
widely divergent Issues as New Haven and
Atlantic Coast Line, and Pacific Mall was
the only member of the shipping group to
display animation at an advance of lhi
points.
The day's news was of the customary week
end character. Including the more con
servative reviews of the mercantile agencies
which stressed the dominance of "war busi
ness." Noteworthy changes In the bank state
ment Included a decrease of $178,000,000 in
actual loans and discounts, which offset by
almost three fold the preceding week's In
crease, and a further expansion of about
$18,000,000 In actuaj reserves.
Bonds were steady on a minimum of oper
stlons. Total sales, par value, aggregated
$1,735,000. United States bonds, old issues,
were unchanged on call for the week.
CLOSING STOCK QUOTATIONS.
Closing
bin.
67 H
471
sr.1
67
74
111
98
19
67
85 ii
104
54
Portland. Sat.
1 ear ago. . .
Season to date.
Year ago . . . .
Tacoma, Fri...
Year ago....
Season to date.
Year ago....
Seattle, Fri....
Year ago. . . .
Season to date.
Year ago. . . .
Wheat. Barley. Flour. Oats. Hay.
B
1
33
6S
"2
1
62
64
2 8
8 78 42
6 82 63
2
"4 "ii
3 '"2 rrrr
4 ....
21 68 21
6 60 61
3
4
116
47
'"2
10
87
25
73
TURXO C K CANTALOTPES ON BALE.
First Shipment Unloaded Here Moves at
Good Price Peaches Kigher.
The first Turlock cantaloupes to be
stopped here were on the market yesterday,
and were quoted at $3.25 for standard
crates; $4.75 for ponies and $1.90 for flats.
Lover prices are expected In the coming
week.
Receipts of peaches were small and the
market was strong and higher. Oregon,
Alexanders, Hales and Triumphs sold at
$11.25 for medium to large sizes, and
small fruit from 85 cents up. Extra large
Red Birds, from The Dalles section, brought
$1.4031.50.
Bartlett pear sales were slow at the
price asked. $3.50 for green stock. Call
fornla grapes cleaned up at $2. Receipts
of berries were light and prices were' gen
orally firm.
Italian red onions from Stockton were on
sale at $2.25, while yellows brought $2.60.
Walla Walla globes were quoted at $2.50.
New potatoes were unchanged.
Coast Produce Shipments.
Carlot shipments of California produce to
western markets were:
Cantaloupes One each to Salt Lake,
Pocatollo and Denver; two to Seattle; three
to Portland.
Potatoes One each to Portland. Tacoma,
Helena, Livingston and La Grande; two to
Spokane; three to Seattle.
Onions Two to Offden.
Mixed Deciduous Fruit One to Laramie
two to Portland.
Carlot shipments from Washington were:
Onions One each to Omaha. Kansas City,
Winnipeg. Minneapolis and Duluth; two to
Vancouver, Wash.; four to Chicago.
Apples One to Winnipeg, one to Prince
Albert.
Peaches Two to Moosejaw.
From Oregon, Mixed Deciduous fruit-
One car to Portland.
Am Beet Sugar.
American Can..
Am Car A Fdry.
American Loco.
Am Pro & Refg.
Am Sugar Refg.
Am Tel & Tel. .
Am Z L Sm..
Anaconda Cop..
Atchison
A G & W 1SSL
Bait A Ohio. ...
B & S Copper. .
California Petrol
Canadian Pacif.
Central Leather
Chea & Ohio. . ..
Chi M & St f..
Chi A N W
O R I P ctfs..
Chino Copper. ..
Colo Fu & Iron..
Corn Prod Refg.
Crucible Steel..
Cuba Cane Sug.
Distill, securities
Erie
General Electric
General Motors.
Gt North pfd
Gt Nor Ore ctfa 1,000
Illinois Central
Insplr Copper.. 500
Int M Mar pfd.. 2.B00
Inter Nicnei....
Inter Paper ...
K C Southern..
Kennecott Cop..
Louis A Nash . .
Maxwell Motors
Mexican Petrol.
Miami Copper..
Missouri Pacific
Montana Power.
Nevada Copper.
N Y Central . . .
N T N H H. .
Nor Western.
Northern Paclf.
Pacific Mall . ..
Pennsylvania .. ''
Pittsburg Coal.. 2'"
Ray Consol cop. , "'
Reading 1'Rn!;
Rep Ir ft Steel.. l.uOO
snat Aria t op..
Southern Paclf.
Southern rty. ..
Ptutlebnker Co..
'Tsvaa C n
TT S Ind Alcohol 11.S00
U S Steel au.ouu
do pfd ......
rrtah Copper
Wabash pfd B ...
Western Union.. 800
Westing Electric
Sales. High. Low.
"ioo 'ih" 'ii'ii
200 80 85
8D0 67 67
800 7Di4 78 hi
"ioo 'iv'si 'i&M
1,800 67 67 V.
"200 ion" 165"
2O0 65 64 ,
200 30M 30
400 14M
700 69 H 69
400 67 67
700 42 414
3,300
40O
400
3.3O0
2O0
600
1.100
45
67
31
67 '4
15tt
147
45
66 hi
81
67
15H
148
32 82
83
W
81
63H
OSS
80
2,000 84
200
1,600
200
600
"200
3,200
201$ 2f4
iun
30
24
724
40 hi
1.500 80V4
44
61
24
89
2-
2O0
6O0
80O
5O0
4
122
ISO
108
85
2914
24
72
89
80
'44"
24
S
91
"84"
23
46
121
126
107
85
29
19
148
66
41&
Pi
23
40
47
45
68
81
67
15
146
153
mi
82
86
53
98
30
36
17
33
107
29
100
30
23
64
21
72
40
103
T
80
20
43
61
24
88
92
16
83
23
45
121
120
107
111
82
25
85
42
glnring to show yellow leaves and the fruit
Is dropping. While this Is not alarming at
the present, the Inspector believes that un
less there Is a good rain the loss will soon
become considerable. '
Threshing- Linn County Grain.
ALBANY. Or. July 20. (PpeclaM
Threshing outfits have begun work in Linn
County threshing Fall grain. The Fall
grain generally is yielding a rair crop ana
In manv cases srrain planted on land well
drained and properly cultivated Is produc
ing a good crop. Hue to laca 01 rain, tne
Spring grain Is practically a failure.
Hay balers are very busy In this vicinity.
The hay crop was a splendid one and with
hay bringing s big price, this condition
tends to offset the failure of Spring grain.
Most of the hay of this county has been
sold already and considerable of It is in
tne barne and warehouses
Naval Stores.
SAVANNAH, Ga., July 20. Turpentine
firm. 60c; receipts 290 barrels; shipments,
138 barrels', stocks. 24.804 barrels.
Rosin firm; sales. t91 barrels: receipts;
8OO barrels; shipments, 728 barrels: stocks,
78.ROO barrels. Quote: B. D. E. K. $!.8r;
G. $9.WO39.n5; H, 9.i'510: I. $10.05010.15;
K. $10.50010.55; M, 10.70; N, WG. WW. $1L
iIIIIIIlllIlllIllltlIIlllllrlIIIHIllIIIIIIIIIIIIII!tIIIIIIIIf llltllltllltlllllllHIIIIlIIIIIIIIinillinilllllltMllllHllMIIMIlIMll
Excessively dry. hot weather, has mate
rially decreased tha estimate for the grain
crop of the country touched bv the lines of
the Spokane, Portland & Seattle Railway dur
ing tne past 30 days. While the grain that
will he harvested is of arnnrf nuslltv. tha vleld
Is much below normal. Taken as a whole the
yield will probably be about 60 per cent nor
mal, with an acreare above normal. Hay
harvest, which is now In progress, will not ei-
ceea "0 per cent of the usual yield of meadow
hay, except where Irrigation is practiced. Pas
ture lanas are depleted and gracing for stock
is very short. The potato cron Is looking well.
and numbers of growers are expecting excel
lent crops, navlng resorted to intensive cul
tivation, following drv fa.aa-.lna- methods to
obtain the beat possible preservation of sub
surface moisture to the maturing of the root
crop.
i rom Lament it Is reported that cool
nights have prevailed and while grain is not
doing very wall, the total produced may be
almost as great as last year. The wheat
crop In the Horse Heaven country Is light
and yield estimated at eight to ten bushels
per acre. Harvesting will begin at Wash
tucna next week, but some of the wheat
Is so short It can be cut only with a mower.
Hoover reports the grain crop about the
same as last year, with numbers of farm
ers getting tractors and combines, which
will enable them to Increase land under till
age next year. The estimated yield for Fall
wheat in Klickitat County, Washington. Is
about 70 per cent and of Spring wheat 40
per cent of normal. Barley and rye will give
poor yield. The apple crop is reported a
failure In many sections.
In the v lllamette Valley, according to re
ports from stations along the Oregon East
ern. Fall-sown grain will make an average
yield, while Spring-sown grain will be very
light on account of dry weather. In some
cases Fall wheat is reported to promise a
condition of from 60 to 80 per cent of nor
mal crop. Early potatoes In some places
have proved about half of the average yield,
and late potatoes depend upon rain to make
a good crop. Loganberries and cherries were
splendid crop in most localities. There Is
a short hay crop all through the valley, and
great deal of grain that has not been ma
turing Well la being rut for hay to make up
for the shortage of the usual forage crops.
In the onion districts the crops are report
ed up to normal acreage and looking well
despite the weather conditions. Garden crops
are at a stage that they may bring normal
yields if rain should come before too late.
On the Eastern slope, along the Oregon
Trunk Railway, the conditions are surpris
ingly favorable for grain crops. Fall-sown
wheat in some localities suffered slightly
from Iste frosts In the Spring, and in such
spots the Spring wheat will excel the Fall
sown grain. But the prospect is excellent
for from 20 to SO bushels of wheat In many
sections. Wheat has suffered from hot snd
dry weather in all the localities thst report.
Potatoes grown under Irrigation promise a
heavy yield in that district of the state.
There Is also an excess of hay beyond the
local requirements and the alfalfa harvest
Is on In the irrigated sections. With the
grain harvest rapidly coming on thare is fear
of a labor shortage that will seriously Inter
fere with saving the crop In first-class con
dition. Vacatlonal harvest help Is very
much desired for tha territory along tha
Oregon Trunk Railway.
FRUIT CROP IN FAIR CONDITION
Dried Fruit at New Tork.
NEW TORK, July 20. Evaporated ap
ples quiet. Prunes In good demand. Apri
cots and peaches firm. Raisins steady.
YARD PRICES ARE STEADY
WEEK CLOSES WITH SMALL RUN
AT NORTH PORTLAND.
2 cows . .
4 eowi. .
1 cow . . .
2 cows . .
2 cows . .
1 cow . . .
6 ateem .
Wt. Price.
H2n $10.00
J 7.H.I
Sheep and Hoi Are la Demand -Load
of Lambs Sella at f 13.75- Cat
tle Trade Quiet.
Aside from the a.e of a load of lambs
at $13.70 there was but little dolnr at the
stockyards yesterday. Only three loada of
stock were -received. The market closed
unchanged. Sheep and boaa were firm to
strong: and the tone of the cattle market
was also firm for Rood stock.
Receipts were no cattle, 100 horn and 270
sheep. Shippers were : Ed wards Bros., Mon
roe. 1 car hon; C. E. I. nek. Canby, 1 car
cattle, hops and sheep; Walter Given Ksta
cadi, 1 car cattle and sheep.
The day a sales were as zollows
Wt. Prtce.l
7HO $4. SO 1 calf
810 6.00117 h. ics. ...
S.'tO S.50;2." hoKt....
745 5. H'tt 3 botes ....
945 4.50!19 lambs. .
SJ) ft. Oil! 8 yearling;
Unit 7.T.M 5 ewe a . ...
1 rnlf 140 11.01
Prices current at the local yards are as
follows:
Cattie Pi ices.
Prime steers e .$1 t.7fi ty 12.25
Good to choice steers 10 7511.73
Medium to rood steers ........ 9 SO n 10 75
Fair to medium steers ........ 8 ' 9 50
Commcn to fair steers 6 60 ( 8 60
Choice cows and heifers .OO.t 8 60
Med. to Rood cows and heifers. 6.00 7. BO
Fal to med. cows and heifers.
Canners .
Bulls
Calves
Hogi
Prime mixed
Medium mixed
Rough heavies
Pigs
Sheep
Knat-of -t he-mountalns lambs . . .
Valley lambs ..
Yen rl . n m . .................
Wethers tVftO,s 9. BO
Ewes
lrto
820
si
120
108
i. a 5
1
lH.7.-
9.-0
7.50
600? 6 00
8OO0 4 50
6 B0B 7 50
7.00 11.50
17. flr.4rlT t
T.lMjf 17.AS
16. t5ll6.8:
18. T59M.25
13 5014 OO
9 .".')', 14 ro
t.bi sales for the day. 140,000 shares.
BOND 3.
tt a r. IN" P 8S
U S ret 2s coup. Pac T A T Bs.
TT 8 3s res: renn i-ti ts
U S 8s coup 9 Union Pae 4s.
U S 4s re 1 lU 8 Steel Bs.
Amer Sm 8s -.....8 P cv 5'....
Atch Gen 4s 80 Anfflo-French
n & R G ret 5s MIU S Lib 3Hs
N TT Cen deb 6s 94M!lT S Lib 4s...
N P 4s 80TJ S Lib 4s.
90H
..94
.. M
.. 99
. .&0H
6s 93 A
.99.M
. ..94.S2
...95.98
SHORTAGE OF SHOOK IS FEARED
Boston Mlntns; Stocks.
BOSTON. July 20. Clostng1 quotations:
AUouex 51 told Dominion..,
Ariz Com l I'sceoi
Cal & Ariz 9 putney 6
Cal & Hecla 4.r5 Superior........ g
Tentennlal 18 Sup & Bos Mln. 2
Cop R Con Co.. 4RMi Shannon 44
E KUtt COP M. "i ' 1 1 lU -
Franklin 4 Winona
Isle RoyaUe Cop H iwoivenne
Lake Copper ... 5 Granby Cons ... i2
Mohawk 58 Ursene Cananea. 42
North Butte ... 14
INVESTMENT DEMAND IS SOUND
Growers Ursed to Order Their Apple Bozos Bankers Have No Fear of Undue Prasnro
In Stock Market.
NEW TORK. July 20. The securities mar
ket was firm to strong the s;reater part of
the week. Investors as well as professional
traders deriving considerable encouragement
from the Franco-American successes.
Trading was In moderats volume, however.
with an undercurrent oi caution, oegotten
In lars part by the stlffer money tendencies
and related deterrents.
It Is still too soon to measure the 1m
portance of the latest war news, but . in
well-informed quarters the military events
were regarded as an offset to immediate
adverse domestic developments.
wall street Is watching with interest the
Government's proposed policy of war taxa
tion, but there Is a growing conviction that
further penalties will be equitably adjusted.
Banker evidently entertain no fear of
undue pressure and the soundness of the In
vestment demand for high-class securities
was shown by the- ready sale of the Beth
lehem Steel $50,000,000 notes without re
course to Federal aid.
General business conditions are believed
to be more satisfactory than a few months
.go. although fully 8a per cent of the pro
duction In most lines of Industry, especially
the greater essentials, represents war re
Quirements.
international oonai were responsive to
the war bulletins, especially Paris 6s, but
that Issue failed to retain more than a small
part of Us 4V per cent advance. Libert)
bonds comprised the greater part of sales
in the domestic bond division at nominal
changes.
and Fruit Containers Early.
M. P. Goodner, executive secretary of the
Washington State Council of Defense has
addressed the following letter to fruit
growers snd growers' associations :
"The State Council of Defense urges that
users of apple boxes and other fruit con
tainers place their orders at the earliest
possible date?. Owing to the lack of defi
nite orders, some mills In the state are
using for other purposes lumber which
should be manufactured Into box snooks.
Lumber and box manufacturers are now
operating on the basic eight-hour day, logs
are scarce, wages In all Industries are high
and the price of box shook will necessarily
be somewhat higher than usual. Larger
orders from the Eastern market for canning
cases, ammunition boxes and other neces
sary containers have a strong tendency to
curtail the output of fruit boxes.
"The transportation situation Is almost
eeratn to become more acute as the season
advances, and unless fruitgrowers and box
factories co-operate to the fullest extent
there la a very grave danger of a serious
shortage in fruit shook this Fall.'
COMPETITION KEEN FOB B UTTER FAT
Contest On Between Two City Creameries
Unsettles Butter Trade.
The butter trade has been unsettled some-
What by a fight between two of the city
creameries to secure butterfat and where !
the competition has been strongest higher
prices are offered than prevail elsewhere.
Print quotations on the local market have
not been changed, however, and the de
mand for cube butter continues slack.
Eggs were firm at 41 cents, the ruling
case count quotation. Receipts have de
clined materially. Local consumption Is
ketter.
An Indication that the egg-laying season
la over is seen In the rapidly Increasing
poultry receipts and the lower flotations
Money Exchange.
KK tV TORK, July 20. Mercantile vaner
unchanged. Sterling unchanged.
Francs Demand B.Ti H : cables. 6.09T4 :
guilders and llres, unchanged.
Hkt suver ana .Mexican aonars nnenangen.
LONDON, July 20 Bar silver, 48 18-16d
per ounce. Money 2 8-4 per cent.
Uiscount raies fnor, ana inree men ins
bills, 8 17-82 per cent.
No Change In Grain Situation In Western
Oregon.
Crop conditions In "Western Oregon are
summarized by H. A. Hinshaw, general
freight agent of the Southern Pacific, as
follows:
Grants Pass Continued hot and dry
weather has had a noticeable effect on ap
ple and pear crops. Estimated apple yield
GO per cent and pears t0 per cent of nor
mal. Ashland Small grains all cut and In shock.
Indications that yield will be normal and
of good quality. First and second crops
alfalfa cut and of good quality and yield
normal, mostly all irrigated. Apples, quality
fair, estimated yield about 65 per cent.
Peaches, light, due to damage by frost. Pears
in very good condition and indications are
for normal yield.
Med ford Small grains being harvested
and, while crop will be short, the heads
seem well filled and estimated yield will
be 80 per cent of normal. Pear crop con
tinues In good condition, although the dry
and warm weather Is maturing them earlier
than anticipated and expected first ship
ments will be made about August 1. No
particular change in condition of apples since
last report.
Roseburg Fall-sown grain being harvest
ed and present indications are that it will
yield about 85 per cent of normal ; quality
good. Hay practically all cut and yield
about 90 per cent of normal. Weather Is
Ideal for curing. Estimated bean acreage
about 200 per cent of normal and the yield
will be about normal. Apples continue in
good condition and will yield normal crop.
Pears 60 per cent of normal and prune;
75 per cent ; both In good condition.
Albany Fall wheat will be harvested
next week. Spring wheat is very short and
heads small; estimated yield will not ex
ceed 75 per cent. Some oats fields are very
good, while others are very short and will
not be cut except for hay. Hay is being cut
and yielding about two tons per acre, of
very good quality. Beans estimated 300
acres In this vicinity. Too early to est!
mate yield, but outlook Is encouraging.
Cherries and berries all gathered and both
exceptionally good crop.
Hillsboro Wheat is now being harvested
and estimated yield will be 90 per cent of
normal. Oats very light and estimated yield
about B0 per cent of normal. Hay Is being
cut and yield heavier than anticipated ;
estimated 70 per cent of normal. Early
potatoes almost an entire failure: late
potatoes looking very well and estimated
will yield 40 per cent of normal: onions 60
per cent of normal and beans 90 per cent
of normal. All are badly In need of
moisture. . Prunes In good condition and
estimated yield will be 70
normal.
Brownsville Estimated wheat will yield
75 per cent of normal ; corn, 00 per cent;
barley. 60 per cent; hay, 60 per cent; pota
toes, B0 per cent, and beans, 40 per cent.
All crops badly In need of rain. Apples,
pears and prunes looking well and will not
exceed 60 per cent of normal crop on ac
count of continued dry weatcer.
Newberg Wheat Is being cut and In fair
condition; estimated yield 95 per cent; corn,
90 per cent, and oats, 60 per cent of normal.
Nearly all the hay is cut and quality
very good; yield, 90 per cent. Potatoes poor,
account of dry weather and will not exceed
50 per cent. Beans badly In need of rain
and estimated will not exceed 60 per cent.
Apples poor, account of continued dry
weather and cold Spring; estimated will
yield 60 per cent. Prunes in good condition
and estimated will yield 100 per cent. Cher
ries and berries all gathered and estimated
normal yield.
Woodburn No particular change In smalt
grains. Haying Is over and yield about B0
per cent of normal. Onions and potatoes
looking very well, although badly in need
of rain. Loganberry harvest will be over In
about a week and not yielding to exceed 50
per cent. Labor of all kinds is scarce.
McMlnnvIlle Fall wheat looking well
Soring wheat and oats almost a total failure
and will not yield to exceed BO per cent of
normal. Hay being rut and estimated will
yield about 60 per cent. Potatoes and beans
looking well, but are needing rain; too early
to estimate yield. Apples and prunes look
lng well ana eetimatea will yield IOO per
cent.
Monroe Fall grain looking well; Spring
grain very light and short, will not yield to
exceed 60 per cent; oats 60 per cent, and
hay 60 per cent of normal. Decrease due to
the continued dry and hot weather. Potatoes
continue to look well, although In need of
rain. Apples and pears In good condition.
Eugene Wheat, oats, barley and hay
yielding about 70 per cent, due to continued
dry weather. Potatoes and beans look well
and present Indications are for normal yield,
Peaches will yield about 80 per cent, while
apples, pears ana prunes 10O per cent.
Cherry crop estimated at 75 per cent
Chicago Livestock Market.
CHICAGO, July 20. Hogs Receipts 7000,
15c to 2"ie higher, closing slow and weak.
Fancy light. 818.KB; top, 813.75: butcher hogs.
818.304S1H.7A: llgnt, lH.4.'tf in.ba: pacainw.
$17.4018.20; rough, $1? 17.HO; bulk. $17.70
a18.70: pies, good,
Cattle Keceipts . compare, wit a wt?fn
ago; good to oast steers moiuy - cams
higher: common and butcher cattle anywhere
from 25 cents to $1 lower; ngni grassy
hardest hit; veal calves. 25c to &tic higher;
mockers and feeders steady.
gheep Receipts 1 1.0O0, arrivals practically
all direct to packers; market quiet compared
with a week ago; top lambs 25c to 35c lower;
feeding lambs strong to higher; sheep and
heavy yearlings strong.
$94,500
Greater Winnipeg Water District
Sfo Gold Bonds
DATED 1ST JUNE, 1918 DUE 1ST JUNE, 1923
Interest Payable 1st Jane and let December
Principal and Interest payable in gold at Bank of Montreal in Toronto,
Montreal, Winnipeg and New York City.
Coupons bonds in denominations of
$1,000, $500 and $100
Legal Opinion of Messrs. Malone, Malone & Long -
These bonds are a direct obligation of the Greater Winnipeg Water District, a cor
poration constituted by Special Act of the Manitoba Legislature, with powers to con
struct and operate a waterworks system to serve Greater Winnipeg. The District com
prises the City of Winnipeg and its more important suburbs, with a total area of 91.79
square miles and a combined population of, approximately, 220,000. The bonds are a
direct charge on all the taxable land within the District, the assessed valuation being
in excess of $226,000,000. The taxes levied by the District rank equally with all taxes
raised for other municipal purposes, and are collected at the same time and in the same
manner.
The bonds are additionally secured by the hypothecation with the Bank of Montreal
of $2,500,000 (513,698) long-term-Sinking Fund securities of the District, which are a
first charge on the entire waterworks system and properties of the District. The pro
ceeds from the sale of these securities must be held to retire this issue at maturity.
The total outstanding debenture debt of the District (including the present issue) is
$1,283,112 long-term debenture stock listed on the London Stock Exchange and $9,500,
000 short-term debentures temporarily issued against long-dated collateral as above re
ferred to.
Price: 92.68 and Interest, Yielding 6
Orders may be telephoned or telegraphed at our expense.
"Official permission for the issue of these securities as required by Order-in-Council
(3439) of December 22, 1917, has been duly obtained. Such permission, however, does
riot constitute an approval of the issue as regards its merits or security in any respect.
It signifies merely that the sale of these securities is not considered to be incompatible
with the requirements of Canadian War finance."
Passed by the Capital Issues Committee as not incompatible with the National inter
est, but without approval of legality, validity, worth or security.
MORRIS BROTHERS, Inc:
Government and
Municipal Bonds
The Premier Municipal Bond House of Oregon.
Portland, Oregon.
Telephone Main 3409
Established Over
Twenty-five Years
niiiiiiiiiiitiiiiiiiiitiiiiitiiiiiiiiiiiiiiiiitiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiMiiiiiiiiiiiiitiiiiitiiiiiiiiiiitiiiiiiiiiiiiiMiiiiiiiiiiiiiiiujir?
Omaha Livestock Market.
OMAHA. July 20. Hobs Receipts 10.S00,
market hllther. Heavy. 17.76 rg 1 8.16 ;
mixed. $1T1S: light. 17.k:.w is.au; piss. i-
4J.1H; bulk of sales. H7.KOW1S.
Cattle Keceipts 2o. market steady. Na
tive steers. S12.23Q 18.25; cows ana neuers.
813.S0; Western steers. S'J.GOtflA.SO; Texss
rteers. $12; ran ire cows and heifers, J7.50
fll.."io: canners. 7N; stocKers ana leea-
srs. 7.otiriB; eaives. i..'.
Sheen, Receipts 800, market steaay. w min
ers. Il.rvi ewes, fni.ni'fli..iu,
17.50u 18.50; yearlings. i:t'(tl.
Yakima. Iambi Shipped East.-
TAKTMA. Wash.. July 20. (Speelal.
A train of SO cars of lambs and ela-ht cars
of wethers left here last night for Chlcaito.
To It will be added 22 cars of lambs from
the Leavenworth ranee. Of the lambs In
cluded in the shipment from this point, all
those belonging- to tne Anaerson i-ir-oinera.
Yakima Bheep Company. P. Ag-or and
Smlthson bands were purchased ty v. r.
WrI ter. representing; the Stanfleld Inter
ests, at a price reportea to oe iw nesa.
Another train of 20 cars of lambs will g-o
from Toppenish tomorrow. They are shipped
by a commission house, tne animaia coming
from the Olney bands.
1
:jC0B!l DROP IS SEVERE
CHICAGO MARKET LOSES 15 FROM
RECENT HIGH POINT. .
cental: barley. f2.S3V2.65: oats, rea feed
and ' seed. 12.73; corn. California yellow,
nominal.
Hay: Wheat ana wheat and oats. i22ifj
24: tame oata. (24tf26: barley, $121; al
falfa. fl81ir24: barley straw. 6090c.
Meals: Alfalfa, carload lota. 31S2; oo
coanut, nominal.
BAH TKANCISCO TRODCCE MARKET
Prices Current on En, Vegetables. Fresh
Fruit. Etc., at Bay City.
PAX FRANCISCO. July 20. Butter. 47
33Hc
Kgrs Fresh extra. 47c: fresh extra pal
let , 4&e.
Choice Young Americas, not quotea; new
firsts. 24 He.
Poultry T.srre wens. ?5irHlc: roosters.
BnrplBS Reserves Increase.
T!W TORK, July 20. The actual con
dition of clearing housa bsnks and trust
companies for the week shows that they
hold $74,406,620 reserves In excess of legal
requirements. This Is an inoreass of
144.1&0 Irem last week. .
Bearish Sentiment Dae to War Ktb
Is Increased by Reports oaT Per
fect Weather Conditions.
CHICAGO. July 20. Drastic liquidation
sent the corn market down again today un
til prices were off about Inc a bushel, com
pared with the high point before the
France-American counter-offensive began.
The close, was nervous, Xo to hc under yes.
. . . . V. . 1. ......... . 1 K 11
leruay Annan. ' ".i "
Jl.BOTi and September lc to He off, at
CI M Ti tn CI f" I lata Inat at In o net
per cent of Xn provisions, the outcome ranged from 2c 1
cilne to lac advance.
Bearish sentiment, due to war news re
ceived further Impetus from the perfect
weather prevailing throughout the corn belt
nd also from contlnuea iioerai arrivals at
primary centers. The aggregate primary re
ceipts for the week were the largest In years
this season. fiesiues. country ouerings
were generous
Oats declined witn com, out tne selling
was of only a scattered character. Pessimis
tic Canadian crop news operated as a re
straint.
Strength In the Hog market gae some
firmness to provisions. Advances, however.
were checked by the bearish action of grain
Bv far the biggest downward sweep of
corn prices this week came after the allies
had sur.ceseiuiiy aemominiieu power to
attack on a grand scale. Where before
offerings had been light, general selling
by all classes of traders developed and the
only reactions were from profit-taking by
shorts. Soaking rains and big receipts had
done much beforehand to undermine the
bulls and so likewise had President llson s
veto of the bill to enhance the price of
wheat, wet weather deiaya to cutting and
thrshlns; kept the oats markt relatively
steady. Provisions were upheld largely by
re nor is thst liovernment orders for supplies
soon would be placed on a liberal scale.
Leading futures ranga as ioliows:
CORN.
Open. High.
August ...alfiZtt
Sept 1-53 lS4i
August ... .70 U .7l'
Sept 69 vs .70i
4K.S5 4S 43 . 411 H
43.43 43 43 45.40
LARD.
26 22 26.23 26 10
26.25 26.23 26.13
BPAKU RIBS.
July
Sept 24.77 24.77
ia.n nnrai war"
Corn No. 2 yellow, fl.Tnffl.TH
young. 40Q43e: fryers, 89c; broilers. 3c:
pigeons. $2.30: squabs. $2.30; geese. 21G23c;
turkeys, live. 2S2c.
Vegetables Green peas. 6HQ7Hc; tapirs
gus. I94c: Summer squash. $1.25; egg
plant. $1.3091. 65: peppers, bell, $l.BO; chile,
$l-40: tnmntoea, 5073c: lettuce. S.lc-'i!;
celery, $1.S02; potatoes, white, $2.!0fr3;
sr'eet. 6tf7c; onions. red. $2; yellow.
$2 25; garlic 8 94c; cauliflower. 4itf
60c: beets. tl.BOtf l.o3; carrots. K0ctt$l;
turnlpa. 6.1075c; rhubarb. $1,7342: cab
bage. lirlHc: artichokes, .'..".04: cu
cumbers. $1.8391.60; string beans, $3r6c:
lima, tftflOc; corn. $2j2.23; okra. l-iVatf
13c.
Fruit Cantaloupea. standard, $1.7392.73
watermelons. 292Sc: casabaa. 2Hc: lemons
choice. $607; grapefruit. 22..W; oranges.
$396; bananas. Hawaiian. 6aj67c; pineap
ples. $2; apples. 2r2.3n; strawberries. $4
lo; cherries, black Tartrlnna, siliV;
b.ackberrles. $7tilt: raspberri.s. (Vs 111;
peaches. $ll.,",il; Kon.r l.err i.-u. i J(lc; cur
rants. iiU; loKunlerri.-s. tr.u.7; apricot!
ll-UffiM; pears. $2 I.Vr 2..-.0; ftBs. black.
fl.23; white. ".'.(Tunc: plums. $lfjl.2S.
Receipts Fliur. Si7 quarters; barlev, 17,
2o centn's; be.ins, 1J1. sacks: potatoes,
37;ttl sacks; onions. 5M sacks: hay, SiS tons;
hides. luSJ; wine, 4U.1M1 gallons.
Chlrairo laalry Produce.
CHTCAOn, July 20 Butter lower. Cream
ery. 514 f43t4.
Kens lower. Receipts 11.894 crises; firsts.
37 ordinary firsts. 34 1, 4; 30; at marl
c?i.- Inclii'leil 34 1- ,r ST .
(Loan Oversubscribed)'
$10,000,000
Cudahy Packing Co.
FIVE YEAR
7'
DATED July 15, 1918
Gold Notes
DUE July 15, 1023
Denominations $100 $500 $1000
July
Sept
July
I Sept
T-ow.
1 4S
1.60
.!
.ex'
2i!3
Close.
tl.oOH
1.31
.60 Tt
4.1 40
43.43
26.12
28.2,0
94.43
24.78
Prunes Are Dropn4n$r.
ROSEBURG, July 20. (Special.) Accord
lng to e'ruit Insneetep Pearcy the continued
drouth has begun to haye an appreciable
effeot on prunes- Up to the present time
toe orchards have stood the dry weather
splendidly, but in several sections there is
very noticeable ohaaifs. Ths trees are be-
No. 8 T-l.
low, $1.6041.70; No. 4 yellow $1.601.33.
Oats No. S white. 77 H ij) 77 It c; standard.
77 "4 &.78C.
rtve ino. s, a i.iirvi'!
Barley $1.10ii 1.15.
Timothy $5 If 7.50.
Clover nominal.
Eork nominal,
ard H.
Kibe $24.12y24.2.
Grain at nan Francisco.
SAT FRANCISCO, July 20 Vlour, $10.86
per barrel.
Uraiai Wheat, Government pries, $3.50 set
Registrable as to Principal. Coupons payable January and
July 15, in New York, Boston and Chicago. Callable at 101
and interest on any July 15 -with 20 days' advance notice,
Annnal alnklns fssl of IS per erst nrowtdeal
In trust Isdeslsre will retire at least tt,000,000
of this not lasoe) before nitsiltr nt 101.
4
The trust Indenture securing these notes provides that
during their life the Cudahy Packing Company cannot in
crease on any of its properties, its present mortgage indebt
edness, or issue, guarantee or indorse any bonds, debentures
or long term notes except for acquiring additional property;
also that in event that such an indebtedness 6hall be incurred
for the purchase of plant property quick assets must at all
times be maintained at a minimum of 200 per cent of the
amount of these notes then outstanding. Further security re
quirement behind these notes is that quick assets must always
' be maintained at 150 per cent of total current liabilities.
Subscription books were opened July 19 and closed the
same day. Anticipating that the character of this loan and
high credit of the Cudahy Packing Company would occasion
Immediate oversubscription, we subscribed for a large block
of these notes with our own funds, and while any are avail
able we will accept orders at original subscription price, to
yield 7.50 to maturity, and on that portion of the loan that
is called annually, July 15, at 101, in accordance with 15
sinking fund, a minimum of $1,500,000 annually, a much
higher return without deduction for any Government taxes
except Federal income tax in excess of the normal tax of
2 per annum.
Psymrst Is railed for Jnly -With. Those deslrlns;
may sraalto Immediate payment agslsst onr Interim
receipts, to yield full Inter-ret. bealanlnc Immediately
Price 93 and accrued interest, to yield about 7.30
(That portion called at 101 wiU yield much more.)
Normal Ineoma tax up to t assumed by Cudahy Packing Co.
Offered strictly nubject to allotment. We reserve the priv
ilege of wlthdrawln- this offer at any time and advancing
price of notes allotted us to accord with the market price.
OUR THRIFT
PLAN OF
TimTTew. IK,Vrrr 'l
I
This plan of acquiring
securities by monthly in
stallments enables you to
Save and Invest
Systematically
Ton can becom a. tacV
holder In any of the miphty
ind ustrlal corporations of
America by maklne a mod
erate initial deposit and
taking up the balance In
convenient monthly pay
ments. Our booklet.
Thrift and Indrpendenca,
Explains fully our Thrift Plan
of Twelve .Payments. It la In
valuable to thnae luteraetcd la
Cy atom a tic Saving.
Write for It Today.
It will be vnt to you FRKE
for the aaklnic.
AB.rENESCH&Ca
l-L CEMTRAi. MATIOeiAl.
I g BANK BUILDINO
JL-5XLOUISMQ.
ireWMRS CONSOLIDATED
STOCK EXCHANGE Of NEW VCRK
it
5,
WW-,
UUMBERMENS TRUST COMPANY
Capital and Surplus J 600.000
LUMBERMEN!
UILDINO
FIFTK AND
STARK
OVERBECK &
COOKE GO.
Broker. torka. Honda, Cottoa,
oraia. Kir.
Z1C-Z17 BOAK1) OF IK.tDE BLDO.
MELMXVE.BJ9 CHICAGO BOARD OF
XKAUL.
Correffpondnts of 1 oran Brja,
CiucMSu aud Near York,
MKMBKRS
Kpw Tork ttork KirhMgt
( blcaco Stock Kirinnca
lUiatoD Mork flit-bang
i'btraffu Hoard of l ratio
New ork ItrtUin Kirbanr
New Orlranf ol I tm Kit-bause
New ork Coffee EirUa(
New lork lroiure ivicUanca
Liverpool Cotton Am a
TRAVELERS .riIK.
STEAMSHIP WAP AM A
Sailn Oiroct for
SAN FRANCISCO
I.IIS AVfiKt K"i -S A N IIIKf-.O
::tu 1". M. TU.M'Al. 411.1' S.
San Franrlam, I'orllan'l l.os Angelee
Steamkltin FKANK HOI.I.AH. All.
lliu Third lret-tv .Muin 26.
AUSTRALIA
Honolulu. Suva, Now Zealand
r.mmiK iustrausun rctil oil limp
Largrent, newe-t. bet-enu1pTel Pteimr
'r tarea and aalllnce apply Can. Pac. Kail
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Ascot boinour bt iLucouve J