THE ; OREGON SUNDAY JOURNALS PORTLAND;. SUNDAY MORNING JUNE 14, '. 1S08
' HOP ? CROP PEOSPECTS
BETTER WITH WARM
"WEATHER OF THE WEEK
M 'THE FINANCIAL ' WORLD
WHEAT GROWING WEIL
IN MOST SECTIONS BUT
MORE RAIN IS WELCOME
Latest Market Reviews
With the Trade.
APPLE CROP TO
i: BE WORTH NODE
Prospects jfor-1908 Price in
i Oregon Is Better Than ' ,
' ' " By Hyman'' H. Cohen.
: Oregon's apple crop -will most likely
be worth more money , (or the coming
xsason- than during 1807., Purlng last
wuon the price broke a. few record of
It own notwithstanding the fact that
.the October panla tomtww uuerierw
'.with late alee. - . ' ,
However, the bulk f Oregon's PP
j crop is what may b called a rioh man a
-crop, for the better class fruits is al
,weya so high-priced that the average
;citlsen -with a good Income cannot af
: ford to Indulge and for the poor person
,to think of eating Winter Bananas or
elect Spltsenberge - or .Tallow New
towns would be stretching th Imagina
tion somewhat. -. , . .
Financial depressions scarcely inter
fere with the selling of this , world's
best fruit for the people who ar the
usual purchasers, can always afford to
J eonsuma tbeyi no matter how financial
matters stand. The demand for these
apples Is so great that were the acre
age double that of the present time It
'4s unlikely that there would be much
of price 'depression. There are but
few sections of the United (States that
can produce the best apples and of this
araae inose grown in vb" .. ,
V European demand : for our Tellow
New towns has been growing at an enor
mous pace the past few years, while
American markets of the eastern coast
re well able to take care of what
npltsenbergs we produce at price that
make producers of other states gasp for
breath such values are almost unbe
lievable to them. ...
Oregon Is going to produce one of its
best crops of apples this season 4he
best In quality and on of the best in
slse. The orchards at Hood River are
In phme condition and in the Rogue
River country the trees present a good
'appearance. .
. The people are getting Into the habit
of demanding the best apples and each
apple-growing- section of the country 1
trying Its utmost to produce the better
class fruit. ,
v According to the Watsonvllle, CaL,
Pajaronlan, the packers of that place
nave been quietly buying the 1808 crop
of the best apples of -th valley. ; AK
ready many sales of good orchards have
been reported ar.d at figures equally as
rood, if not better than those received
est year at this season. Other sales
of well known orchards are reported
"in the air" Just at, present owing to
slight differences in th price wanted
and that offered. ' ' - ' i
"The activity of , the buyers In the
"faco of the big slump that took place In
the apple market of th country last
fall and has continued until lately. Is
most encouraging. It 1 reported that
In many sections of th east the apple
Drop will be somewhat short and this
fact Kan been of advantage to the or
ohardlsts of this section. .
"Many contrary opinions are ex-
? tressed as to tne estimated apple yield
n the Pajaro valey this year. Several
packers say the crop will not be up to
Jearller estimates In yield, although the
loualtty of tho fruit promises to be first
'class. Other fruit men and orchardlsts
say that on an average (ttie vaiieya
crop win ue u imso ""
many of the orchards at least half the
young fruit on the trees at present will
nave to be thinned out Th Pajaronlan
knows this fact to be true In relation to
I. H. Tuttle's 6 5 -acre apple orchard on
Lake avenue. - A-..drlv through that
place on Wednesday clearly snows tnat
at. least on half the- fruit will have to
be thinned from the trees and we are
informed the same condition prevails in
several other large orchards.
"A conservative prediction of this
year s appi crop will do i.ouw carioaas. :
POTATOES RULE HIGHER,
Season About to Close Shows Un
usual Price Both High and Low.
, Th potato market 1 now touching
one of the highest prices of the pres
ent season, within a-few weeks at the
most, the present season will end and
the new crop will take entire posses
sion nf the market During the early
part of -the past season me grower. oi
potatoes mn wun great aiaappwimracm
owing to th low prices but this was
an unusual season and scarcely any
grower came out with th profits on th
wrong side of the ledger. There was to
be -sure but a small profit for -most
? reducers but the crop was. so heavy
hat It ia small wonder that still lower
values did not rule.
Perhaps it was due to th careful se
lection snd grading of their potatoes
by th farmers and th seeking of new
markets by the dealers that led to the
upward tendency after It looked as if
at least half of the crop was doomed to
rnt nwinv to the lack of demand. Dur-
Colorado, nortnern ana sautnern Cali
fornia, Arizona, Texas, Missouri, Kan
sas and Loulsana in an effort to unload.
The careful aradlns of the stock by
growers caused , repeat -orders to com
from places wner in oniy vregon po
tatoes seen were the sample cars .sent
this season. -H'1
During the last few weeks of the sea
son there will very likely b much mix
ing of values. The general opinion of
th trad Is that eld stock will safely
cltan up before th new ones are ready
and prices will rule around present fig
ures. Then again there is the chance
that midway between seasons, . just
about when th old season is ready to
die and the new one has not received a
fair start, there wUl b a scarcity of
supplies and prices may touch a new
record for th year,
This latter condition la too vacuo to
peculate upon. -- ... (
' . WOOt SALES ARE BETTER.
Price a Fraction Hifrher ot Much
' More Hope for Another Rise- f
'Wool sales iii Oresron th past week
as well as those in Idaho have been at
somewhat more satisfactory prices. To
the general observer It looks at this
time as if the easterners were In al
together too much of a hurry to depress
th price of raw materials and still hold
up the figures on th manufactured
product to within a few fractions of th
value of a year ago. s ;
7 Ther- seems Uttl doubt ' just now
that th wool market has struck bot
tom good' and hard and' has bounced up
a fraction. While ther seems little
hope of any material advance in values
the outlook on the whole is much more
hopeful than previously. Buyers ar
not, holding baekthelr offers as they
did at the first of the season for all
now realise that, they are a little too
bearish In their views. ( f
-i-i -V. "
':,. LITTLE HOP BUSINESS,
Trade h Very Slow 'Here But ' la
Likewise in Other Sections.
''Ther was" but little business in th
Oregon hop markets during the , past
week.' Trade was more nominal than
for some months. This wacv due to the
nvnrtrvkd condition of the Euro Dean
markets. There was no buying for for
eign accounts . Some, prof ess to believe
that this lack of trade was due to the
increasing prohibition movement but
the same .sort of dullness Is ruling In
sections where prohibition I net s
pronounced as among the bop grower
.of Oregon-; " '.. - '
The crop ia growing better because
of th warm weather but as tocondt
tion thar Is scarcely any ohang
among th various yards. - Borne 'ar
better than- lnf years gon : by, Whll
uiunri r ia poor snaps,
ICN'OCKERS CLUB WORKS.
Another Effort Made to Hit Quality
. - , pt Oregon Egga Here.
, Repeated efforts of a mornlns: oubll
cation, to .ruin the reputation of Oreson
eggs hav called forth loud complaints
Irom handlers her, who. say that th
publication does not state facta. When
ever eastern eggs begin to roll into this
market tn puoucauon in question Da
gins' to '"knock' th reputation of Ore
aon stock. Or when this falls, switches
around, and: boosts th vaju to such a
height that consumer ar lorced to buy
th eastern stock. . '
During th past week lower "prices
ruled In the local gg market- owing to
the .very, heavy supplies. . Quality is
holding ; up quite welj for this time of
th season, when more or less complaint
is louna,- no matter wner tne eggs
come from. " "
Poultry prices show quit a bad drop
during the paat week because of accu
mulated .holdings, both in th hands of
retailers ; ana commission men. The
price in all lines was anecteq. ,
!? BUTTER HOLDING STEADY.
. r. ;.. .1 "... ; y - ,
While Fluhh of Season Ia on There Ia
' No Accumulation of Stocks. -
"While th northern markets war not
such liberal buyrs or butter during the
past week, the buying from ther has
not ceased ' altogether. The output of
cream her is the heaviest of th sea
son but up to this time ther has been
no noticeable decrease in th general de
mand. Borne Interests ar talking of a.
slight weakness Dut it is a notaoi I act
that every one is cleaning up. r-4,H.
Chens market -was weak and lower
the past week with more liberal sup-
fllea. Reports from Tillamook Indicate
hat the present month will show th
flush of th season. The expectations
are that this year's production of cheese
will show a material Increase over that
of last season. .
FRONT STREET REVIEWS.
'- II !- M.,WI V
Wheat Is Not So Firm Owing; to
Slight Decline.
Wheat 4s not so firm and prices are
about lo lower.
Flour trad is quiet, but millfeeds ar
firm.
Run. of salmon in th Columbia Im
proving. Opening prices named on
canned fish this week were th sam as
a year ago.
Dressed meats were fairly steady for
the best quality the past week.
Strawberry market had several up
turns and falls duriny th week, with
scarcity or s oversupply. ' .
. Hay market is very quiet
Front street - sells at the following
prices. Those paid shippers ar less
regular commissions:
Orals, rioar and Bay.
WHEAT Buying prlc - Track. I
Portland Club, 90c: bluestem, 92c; red,
88c: Willamette valley, 90c bushel.
FLOUR Selling price Eastern Ore-
rm patents, 84.86; straights, $4.0(0.
66; exports, 88.6908.70; valley. 84.45;
graham, -tt. 1 00; whol wheat. $4.28;
rye. 6s, 15.60; bales, $6.
MILLSTUFFS Selling prlc Board
shorts. 2828.60; chop, I215 per ton.
HAT Producers' price Timothy,
Willamette valley, rancy, li; ordinary,
S) A IA9i18 aasraMi (ftrnn t1 C lit
mixed, 810 10.60: clover. 101; grain,
(); cheat. )) alfalfa. Ill a if.
BARLEY Feei 826.60; toUed, $27.60
nsxor hrmnf. 1X7..
OATS No. 1 white, $3T.$0; gray, $17
per ton.
Mutter. Err and routtsy.
BUTTER FAT Delivery f. o. b. Port
land Sweet cream, 2$ Mo; eour, 31 Mo
ID,
BUTTER Extra creamery. IBe: fan.
ey, 28 He; ordinary. 2ltt22Hc; .tore,
lie
EOGS Extra fanoy, candled, 17 H
18 Ue.
CHEESE Full eram, fiata. triplets
and daisies, 121ilSc; Young Amerisaa.
POULTRY Mixed chickens. 10 UO
llo per lb; fancy hens, 11c: roosters,
old, 809o lb; fryers, lttyq lb; broilers,
16H0 Tb; geese, old, 8fo lb; turkeys,
alive, 17c; dressed 1920c lb; squabs,
82.60 dosen; pigeons, $1.25 dosen;
areeeea poultry, JwiTia id. uigner.
. CHITTIM BARK. 1908 4o lb.
Hops, Wool and Xldes!
HOPS 1907 croo. first orlme. Kn-
Srtme, 414c; medium to prime, 4c; ma
lum, 8 He lb; 1906 crop. Hlo lb;
contracts, 8c, 9o and 10c tor three
yewOOIi-l08 Willamette valley, 11 U
f12o.
MunAin 'iivi flominu, 1'VKnC
HiU&s ury Hides, itmito m; rreen.
4 woo; caives, green, iuici Kips, oo
bulls, green salt. 8 08 too lb.
SHEEPSKINS Shearrng. lOOlSe
each; short wool. 2S40; medium
wool, 50c9$l eacn; ; long wool, 76oO
II. SS each.
TALLOW Prime, per lb, SO 4c; Ma S
and grease, zwmo. ,
; rrults and TsgsUbles.
POTATOES Old, sailing. 8 1.1 0 1. 1 6 ;
buying, 80s6qper cwt; sweet, 66Ho;
new potatoes, n.io per cwt. -
ONIONS Bermuda, $1.4001.50 par 80
lb. crate; 6-crate lots, $1.40 per crate;
California red, $1.50 Ter sack; garlic.
16o lb.
APPLES Select, $$; fancy, $2.25(9
2.60. . -- - - ,
FRESH FRUITS Oranges, $8,159
4.00; bananas, 5 Uo per lb.; crated. 6o;
lemons, $3.60 $4.75 box: grapefruit,
J1.603.60: pineapples, Hawaiian, $6
os; strawberries, Willamette valley
$1.7602.26; Hood River-Mosler. $2.26;
cantaloupes, $4.0004.25; apricots, $1.10
1.15; blackberries, $1.40,
VEQETABLES Turnips, hew Oregon,
HHo bunch: beets, $1.00 sack; 'parr
snips, 86c $1.00: cabbage, $2.00: toma
toes,' California, $2.00; Mexican,
$2.00: beans. 10llc: cauliflower.
California, crate, $2.26; peas. Oregon,
Hpvc; horseraoisn. nwioc; arucnok.
60Q75O dos: rreen onions. 12Uo dos:
f eppers, bell, 8Sc; Chile, 26o lb: hothouse
ettuce. $1.2601.60 box; head lettuce, 26
sira oos; cucumoers, notnous. local.
rhubarb, Oregon, 8B)8Hc; celery. 90cll
doi; cranberries, eastern, $9910.60; as
paragus, uregon, nic(ff (60 aos. ouncnes;
Walla Walla, $1.60 box; spinach ( ):
gooseberries, 6o: eggplant. 1016o;
green corn, 40a dosen.
Crooerles, Huts. Xtc
BtTOAR California A Hawaiian Re
finery Cube, $6.fi0; powdered, $8.46:
berry, $8.26: dry granulated. $8.26; XXX
granulated, $6.16; conf. A., $6.25; extra
B., $5.80; golden O.. $840: D., yellow,
86.66; beet granulated $$.06; barrels,
16c;- half barrels. $0o; boxes, 65o ad
vance on sack basis. v
(Above prices ar 80 days net cash
quotations.)- ' ,
fiurxt, i 3.ig per craie.
COFFEE Package brands, $18.80.
SALT Coarse Half around. 100a
$11.00 per tone 60s. $11.60; table, dairy
60s. 818.60; 100s.. $18.00; bales. $2.85;
Imported Liverpool, 60s, $20.09: 100s,
ik.uo; 4s, sis.vu; extra line oarreis,
a. 5a and 10s. 4.605.S0: Liverpool
lump rock, $20.60 per ton.
. RICE Imperial Janan No. 1, 6c; No.
t.6tt&e; New Orleans., bead. 7 o;
AJax, 7 Y; CrepK 6140. ;
ukans umaii wfliis, .vo; iarr
white. 24.76: oink. 89.85: barou. 8s.ES:
Limaa. $5.86; Mexican reds, ( ). .
. ' Keats, jrlsh aad rrovtatoaa.
nilERSKn meats Front street
Hoga. fancy, 8o lb; ordinary, T07 Ho;
large. 66o;' veal, extra. 7Ho per
per lb.; mutton, fancy, SQ8 Via par lb.;
gprinf .lamb. .., - .
rlAMo, EAUJN, a;rv rwwana paca
rtomll hama lit to 11 lbs. 16o Der lb:
breakfast bacon, 1402 2o per lb; picnics.
100 per lb; cottage rou no id; regular
short clears smoked, 11 Vie per lb: backs,
amnlred. 1IUr: Union butts. lOfllllrf 1H:
smoked, llo Ibi dear belUes, smoked.
ALMONDNUTfCULTURE PROVES ;
SUCCESSFUL IN NORTHWEST
I :, I .-.:-.::.":.- 4 :x:.j;:"v:-;v::::-'-:v':.v..- . 'y -. '
'
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Iii 'J k, v 'p
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Illllliilliiiiliiili mmmm?9n9m9mm:
Every season gives fresh evldenc of
th nut-growing possibilities of the
Pacific northwest In general and Oregon
in particular. It has been shown con
clusively that Oregon-grown walnuts
Willamette valley are far superior, to
those grown in California. The nuts
are much heavier and th meats are
sweeter and more oily.
Almond nut culture is more recent,
but in this particular line growers are
making much headway. In the vicinity
OPTION TRADE IN WHEAT IS
A HELP TO THE PRODUCERS
By Hyman H. Cohen.
By an almost unanimous vote th
committee appointed by th Board of
Trad to examine into grain futur
trading reported In favor of the project
th past week and it Is quite likely that
the measure will be adopted at the
meeting to b held the coming week.
. It Is being argued by some of the
opposing dealers that the trading of
futures would result in gambling and
reckless speculation. This, however, is
foreign to the board of trade principle
as the exchange la organised simply
to further trading between the various
Interests.
Tho dealing In futures on the Port
land exchange could scarcely com un
der the head of gambling any more than
other exchanges of the country and all
legal testa have declared them to be
merely business transactions.
14c per lb; shoulders, llo par lb;
pickled tongues, 70c each.
LOCAL LARD Kettle leaf, lOo. I
per lb; 6s. 12o par lb; 60 ; lb tins.
12Vic per lb; steam rendered, 10s, 110
oer lb; Ssllfto per lb. compound. lOo,
FISH Rock cod, 12 Vi lb; flounders,
$o per lb; halibut, 6c per n; striped
bass. lBo par lb; catfish, llo per lb; sal
mon, chlnook, lOo lb; blueback. 8 lb;
steelhead, 9c lb; herrings, 6o lb: solas,
7o per lb; ehrlmpi lOo per lb, perch,
6o per lb; tomccd, llo per lb: lobsters,
26o per lb: fresh mackerel, 8o per lb;
crawfish. 26o per dosen; sturgeon, HVio
per lb; black baas, 20o per lb: silver
smelt. 67c per lb: black cod, 7Vio lb:
crabs, $1.0001.60 dos: shad. 2Vo; ro
shad, (o; shad roe, 12Vio lb.
OYSTERS Shoal water Bay. per- gal
lon, $2.60; per 100-lb sack, $6.00; Olym
pla, per gallon, $2.40; per 100-lb sack.
fV.VVyO.VV, XtABIVi UUIU.U, WWW VH. V
dosen: eastern In shell. $1.76 per 100.
ulauo iarasneii, per Dox, fi.to;
razor clams, $2.00 per box. lOo ser dos.
Faints, Goal OIL Bto.
ROPE Pur Manila. IX Vie; standard.
11c; sisal, V4e.I. B. sisal. 8 Vic
BENZINE 88 deg cases, HViO par
gal: Iron bbls, 12Vio per gal.
l UKfUtt iini; in cases, no yer gai;
wood bbls, 69c oer gaL
LINSEED OIL Raw, bbls, 49o; cases,
66c: boiled, bbls. 61c; cases. 67e a gal;
lots of 250 gallons, lc less.
WHITE LEAD Ton lots, 7i pr
lb; 600-lb lots, 8o lb; less lota, SVio lb.
WIRE NAILS Present basis at $8.10.
Boston Copper Market;
(Furnished by Overbeck & ' Cook Co.)
Boston, June ii. Jbtia prices
Atlantlo . .... 16
Butt Coala... 28 Vi
CaL A Hecla.,670 ,
Trinity 18
Utah 42 :
Wolverine ...110
Royal ....... 19 H
Ely 7
Nlpplsslng ... 7 ,
Green ...... 10
Mohawk .... $1
Nevada Con... 11
useeoia ..... to
hud. flt:a,,l2i
Yukon Gold.. 2$ U.
Tamarack ... (7.
United ...... vff.
Centennial 28V4
victoria ..... 5 i
Cop. Rang ... 71 Va
Old Dom. ... $4Vi
Masa ....... 4
Parrot ...... 22
Shannon..., 18
Michigan ..... 8
Black Mt. ...
' -"V' Pendleton Harveaterg.
(Special Dispatch te The Jotirnal.) .
Pendleton, Or.. June IS. Thre new
combined harvesters made entirely .In
Pendleton, th Invention of J. D. Rey
nolds, and manufactured at the Pendle
ton Iron Works during the past three
months, will be taken out of the factory
tAmnrrfiv fn, a trial vim .miinil tVj
city on their own wheels. These ma
chines ar th Invention of Mr. Rey
nolds, who has been engaged upon per
fee ting a new principle in combined
harvesters for a number of years, and
who has at last turned out three Ideal
machines, all of which hav been pur
chased by Umatilla county farmers,
who will us them for the first time In
cutting thia year's wheat crop, ;
These machines hav an 18-foot" cut,
and can be handled by 24 horses and
win cut so acre per day in -an ordi
nary, day's work. -.
of The Dalles ar many almond trees
showing good production and the indus
try promises to be one of the greatest
in the northwest within the next few
years.
Th limb in th Illustration contains
63 partly developed soft-shell almonds,
is 8 years old and is four Inches in di
ameter. It is growing at Ooodno
hills, near The Dalles. There are eight
acres' of these trees. The branch was
brought to Portland by Thomas M.
Rogers of 609 Montgomery street.
Option trading would perhaps b
more help and benefit to the producer
than it would to the buyer, but the lat
ter would be helped considerably. It
would allow him to buy wheat on th
exchange and sell either wheat or flour
for delivery in any month he chooses.
It would enable the grower to sell In
advance, If he so cnooses, th amount of
wheat he believes he can easily grow.
If th price for delivery a certain
month after harvest pleases htm, he
could sell.
As matters stand at present there are
all sorts of prices for wheat and In
consequence much complaint on th
part of producers who say their neigh
bor received from lo to 2o a bushel
mora than they did. i
with a regularly estaoiisnea option
session the price of cash wheat would
ba easily regulated by supply and de
mand Instead of th whims of buyers.
Weekly Report
of Wheat Crop
Warm weather has set in for tho sea
son throughout tho Pacific northwest
wheat belts. The grain la heading out
well In the Walla Walla country, also
in most other sections. It Is now be
lieved that sufficient moisture ia stored
in th ground to tide th p:ant ovr un
til harvest, but mor rains ar likely
before that event. There is talk of red
rust in a few scattered sections-, but
little damage Is spoken of thus far..
-Woodland, Cal., advlcea of June I
say the barley harvest ia now In full
swing, and a half crop ia a conservative
estimate. A number of experienced
farmers ar of th opinion that It will
ba more. Of cours. ther ar a num
ber of fields where th moisture had
disappeared from th surface of th
soil before th ssed was sown, where
the yield will be so small that ther
will be no profit in harvesting it
One farmer in western Tolo county,
Cal., who began harvesting last Sat
urday, has 480 acres that will yield less
than 22 sacks to the aora. He has $20
acres that will yield not mor than 12
sacks to th acre, but even that is con
sidered mora than half a orop. He has
820 acres of wheat which will not yield
mor than ten sacka. but 25 bushels to
th acre la not a bad crop for a seaaon
like this. v - ,
While thr ar soma fllds where
th California, barley - yield will be as
high as 25 aacks to the acre, and
others will turn off ten sacks, th aver
age will probably b from 12 to 1$
sacks. The averag yield for wheat
may not xod tan aacka. .
New York Bank Statement.
New York, Jun 18 Bank statement:
Clearing house member' averag cash
reserve 22.(8 per cent i
h '. Increase.
Reserve ... f .................. .$8.1 .100
do less U. S. ,1.199,225
Loan 2,284.700
Specie ................... 6,622,200
Legal ...................... 2,866,900
Deposits 6,766,000
Circulation . i M96.400
Actual cash reserve 29.82 per cent
' c ; .- Increase.
Reserve .....................17,398.660
do less U. S... ....... ...... 7,397,076
Loans 8,452,100
Specie 8.193,400
Legale 2.513,100
Deposits ..........13,239,800
Circulation , 205.400
Other bonds:
Loans ..................... . $11,831,700
Sped 4,023,700
Total, deposit ..,..,....., '8,818.700
Eliminating, etc...... 16,296,509
- Decreas.
"' ' , Tacoma Wheat Market. -Taooma.
Jun 13.--Wheati Club 86c.
Ibluestem $2c; red, 84c, t
unn
INDUSTRY
HL
RECEIVES BLOW
.-V.'.;.- "- ' ' ' " ''. .' . -i ; -V
.Packers Support s California
Cattlemen but Hit Price
of the Local Stock.
PORTLAND LIVESTOCK RUN.
Hogs,' Cattle. Sheen.
899 2.259 8,025
769 2.288 $.897
679 1.009 1,887
241 889 1,916
Past week .......
1907
1906
1906
By. Hyman H. Cohen.
.Portland Union Stockyards,' Jun
12. This has been a rather unlucky
week for th livestock industry of th
Paclflo northwest. It has been doubly
discouraging because of the tactics of
the killers and packers in opposing th
local raisers and doing all In their
power to help tb ones from other
states. ' For th week this applies mora
to th cattl market than to the others,
because it was in cattle that killers
dealt th Industry its hardest blow.
Without aa much as sending out to
secure information whether there was
sufficient cattl to fill the needs of th
trad, th killers suddenly jumped
down Into California and began buying
all the cattl of that state they could
And, paying: therefor very high prices.
When their requirements for some time
were ' filled th buyers stopped their
purchases and cam back to the north
west.. Then they began to send for
their purchased stock.
In the meantime shipments from lo
cal pointa began to arrive at the stock
yards, but the packers began to com-
f laln and said they had no place to put
hem. They had overbought themselves
in another state and were quite willing
to see th raisers of this section go out
of business. During th past week they
cut the prlc of cattl 60o and even
at the lower rang killers do not car
to support their bom growera
Hay Oat pooled Taamaelv.
In this sort of gam it always takes
two to do th right thing, so th cattl
raisers ar going to retaliate. They
will hold back as much cattl as pos
sible from th local market and will
ship It east,- where cattl ar not plen
tiful and there seems to them a possi
bility of securing something for their
labor. By and by, wnen cattl oecome
scare again in th Paclflo northwest
the packers will again cry for mor
people to go into the cattl business.
This is their usual cry whenever they
get pinched, but to pinch th other fel
low 1 mere pastime , to them.
Samp na mils Frio Sown.
Killers were scarcely "to blame for
the loss In th sheep price th past
week. Receipts were increased so muoh
that th markst Is showing an over
supply, and ther waa nothing els for
th market to do but to drop. Two de
clines of 25o each were shown In sheep
during the week.
Hogs were lust about steady during
th past week for best grades, but ther
was weakness in China fata and the
prlc in that line was down 25o, Re
ceipts of hogs for tb week wr 899
head, compared with 207 head a week
ago, 769 a year ago, 679 two years ago
and 241 head for this sam week three
years ago.
A year ago for th past week all lines
were weak, with cattle showing lower
prices.
Offlolal yard valnes today:
Hoas Best stuff. 88.0006.16: China
fats, $5.00 6.60; stockers and feeders.
i ).
Cattl Fancy eastern Oregon steers,
$4.60; medium, 84.00 4.26; best cows.
13.6091.75; duus ana stage, $1.50
2.60. 1
Sheep Best wethers, $$.764.00;
spring lamas, weigning ids., 14.70V
s.uu; mixta, .io(ff.ou.
IfEW YORK STOCK MARKET.
Range of prices by Overbeck Cook
co.:
DESCRIPTION.
AmaL Cop. Co.
.6
Am. C & Jr., c
do Dfd.
Am. Cotton OIL d 20,
301
Am. ijoco., c.
Am.. Sugar, c ,
Am. Smelt, C.
do ofd.
Anaconda M. Co
Am. . Woolen, ci
Atchison, o. ...
do pfd. ....
B. AO., o. ...
do pfd.
B. R. Transit
IS
33
Canadian Paa. c
C- Leather, c
do pfd.
C & O. W.. c.
C. M. & St P. .J
123 122
C. as N 'o. ..
4$f 44
Ches. St Ohio
Colo. F. I
Colo.. South.
uth.. .
$6ii
60
Sift
' do id
. do 1st
Dels. t Hudson
D. A R: Ov O..
2 2$
ii "ii"
dO Did......
Erie, o.
no ia piq, ..
do 1st pfd...
Illinois Central.
Louis, at Nash.
Manhattan Ry.
Mex. Cent Ry..
M-. K. T, 0. .
Or Lands
2Vi
69
M. K. dc pfd
Missouri Pac. .
National Lead
N. T. Central .
N. T O. St w.
N. V.. 0. ...
do pfd.
68V4 Ct 18 VA
North American.
Northern Pac, c
135
1$6
P. M. S. Co. ...
Pennsylvania Ry.
P. O , L. C. Co
P. a C. 0. .....
do pfd.
Reading, e
do second pfd.
do first pfd.
R. I. 8 , 0. ..
do pfd. ......
Rock island, c.
do Tit d.
15
120
121
2$Vi 36
. . . .1
111 112 Vi
a L. 6. .F. 2d pfd,
do 1st pro....
Bt L.4B. W,e.
do pfd
UK
84V4
Southern Pac, c.
do pfd
South. Ry4 0, .
do pfd.......
Tenn. C. A I...
Texas A Paclflo
118
46 a
T.. Bt L. A W., c
do pfd
Union Pacific, e.
do pfd
U. 8. Rubber, o..l
do pfd
U. 8. Steel Co., o.
do pfd
Wabash, o
do pfd........
W. U. Telegraph
144 112
8t 17! 28
65
Total salea 166,100 shares.
- . - - BwaesaawwpMHiwsiMaw v i----:
United States Government Bonds.'
New York. June ... I j.' Government
bonds: ' ' J. Bid. . Ask.
Twoa. registered 104 104
rfn ponnon. ............. .104 V4 .......
Threes, registered. , ...... 1 01
do coupon.. .....1 01
101
101?
II ui
ttmau r uuiiun. v. . . ,... uv 7S . .....
Fours;! regiateyed..,,....120 121
do coupon. .122
Xwoa, panajnas?,4J,.,J(..;..102; 103
FORElBiI. EARS
HEAR DAMAGE
Liverpool and Other Euro
pean Markets Help Chi
cago to Move Wheat Up.
,
CHICAGO WHEAT MARKET.
. , Open. Close. June 12. Gain.
July ..... $84 Bi 88 IV,
Sept 86 8B 85 1
Deo.
87
87
68
' (United Press Lund Wirt.)
Chicago, Jun 18. Liverpool figures
were from lV4d to lftd higher on heavy
rains in th southwest The market for
wheat her opened with many buyers
ana rew sellers a half to on fourth
cent higher. Continental marketa were
all stronger and higher prices wer the
result of what they beard of crop pros
pects here. Local receipts were 21
cars against 18 last year and at Minne
apolis and Duluth the number of cars
received waa 160 against 269 th sim
ilar day last year, ReporU from the
northwest were, aa a rule, very encour
aging regarding th spring wheat out
look, buf in th meantime ther was
evidently great scarcity of old wheat
Following h opening bulger ther was
m inauw aecun or moaerat propor
tion caused by selling of the smaller
class of longs who desired to. realise
the profits they had at opening prices.
t th olos was 88 c, or 1
hlghr than it left off the day befora
Business in corn was largely influ
enced by the weather. That waa at
least th cas at the opening, when
Pri?M. w,f DOU K higher than they
left off th day pravloua There waa a
great deal for sale at th slight im
provement It wss said that ther were
indications or ireer shipments from
country stations, which wouM tn n
next week's receipts at this point Num.
ber of cars received today waa S47 and
shipments wer 110,000 bushels. Liv
erpool reported futures & higher.
An active business at better prices
was done In oata for about 15 minutes,
after whloh both activity and prices
fell off, the latter getting back In cours
ui ma nour 10 wnere 11 waa at tn ciooe.
Local receipts wer ISt cars and ship
ments 288.000 bushels.
Bamol market was falrlv firm a
prices paid yesterday. Estlmat of
jaonaay-B receipt was ill cara
Movement or hnei aa nomninfi with
last year's being somewhat larger, there
was a aisposiuon in tne trade to sell
th produots. Packing in thia were
aald to be amona the heaviest aur
of lard, and among th bouses having
olose connections with th stockyards
there waa an impression that ' next
week's hog receipts would be heavier.
Number received at Chicago this week
waa ioo.uvq against 171,000 th like
week of th previous year. Today's total
heavier than that of th corresponding
day last year. Estimate of Mondays
local receipts waa 48,000 and for all
next week, 110,000.
Rang of prices:
WHEAT.
Open,
88V
5;
High.
89
88
Low.
88
86
86
Close.
July
Sept.
89H
88 B
Deo.
87 87 Vi
87
CORN.
..... 87 67
66 $
..... 66 66
OATS.
42 42
26 86
July
Sept
Deo.
86
.(
42
$8.
$
65
16
i
July ,
Sept
42
35B
mb
May
MESS PORK.
July 1405 1417 1403
Sept 1435 1445 1430
LARD.
1411
1440
July
Sept
880 880 872
$90 900 890
SHORT RIBS.
772 780 778
802 305 T85
$7$
(92
July ....
T78
00
Sept ...
PEICE OF NEVADA
SHARES IX FRISCO
(Furnished by Overbeck A Cook Co.)
Ban Francisco, Jun 18 Bid prices;
BULLFROG DISTRICT..
. Orldnal le. Bullf. Ml C So. Mont
Bullf. loA. Nat Bank 6c, L. Harris, IcA.
Amathvst 80. Oold Bar 4a Denver Buf.
Anx. 4cA, MayfL Cons. 60, Monty. Ohio
Ext IcA, O. Soepter lc. Monty. Mt 60,
Homes take Cons. 30 c, Tramp Cons. 13 c,
Victor ICA.
TOnOrAHS.
Ton. Nav. 88.20A. Mont Ton. 81.45.
Ton. Ext 80c, MacNamara 33o, Midway
860, Ton. Belmont 81c, Ton. No. Star 7a,
Ohio Ton. IcA, Wst End Cons. 4 So,
Resou 80, Ton. A Calif. 2cA, Oolden
AJichor lc, Jim Butler 23a, Monarch
Pitta. Ex. SoA, Oolden Crown 2cA.
MANHATTAN DISTRICT.
Mann. Cons. 80. Mann. M. C 2oA. Ck
Wedge 2a, Seyler Hump lo. Dexter ecA,
i. joe 10, uranny oa, Mustang 00, Ldt
tla Orey lo. Cowboy loA, Orlg. Mann.
2c. Bronoho lo. Jump. Jack 4oA, Pine
nu lc, T. Horsa ScA.
VARIOUS DISTRICTS.
Nevada Hills If.OOA. Plttsburc Silver
Peak $ Lit, No. Star Wonder lo. Eagle's
Neat llo. Alio of Wonder loA.
OOLDFIELD DISTRICT.
Sandstorm 23a. Columbia Mt 12c
Jumbo Ext 28c, Vernal ScA, Pennsyl
vania 2oA, Kendall I60A, Booth 16c,
Blu Bull 8c, Adams 4c Sliver Pick
15c, May Queen 8cA, Nv. Boy 2c B. B.
Ext lc Blu Ball la, Dixie lc O, Co
lumbia 80A, Hlbernla 2c, Conqueror Sc
Blk. Rock lc Lone Star 6c O. Wonder
ioA. Oro 80, Kendall Ext 3cA, Sandst
Ixt SeA, Mayn lc Atlanta 17c Oreat
7c, rlorenc $3.10, Diara'f B. B. Con.
16c O. Daisy TOcA, Comb. Pract 47c 1
Or. Band Anx. 6c Mlllstorm lc B. B.
Bonansa lc Kewanos 26c Esmeralda
ScA. Portland 7c Cracker Jack 6c. Fran
claMohawk 16c, Red Hill 17c, Mohawk
Ext 2c Dou Dillon lo. T. Tiger 7c
Grandma 6c 83. Pick Ext lc T. Boa
lc Ooldf. Cona. $6.47 Vi. Dlam'f Trt
anarla $c
COMSTOCK DI8TRICT. . .
Onhlr 12.77 Mexican 46c Oould A
Curry 12c Con. Virginia 66c, Savag
2 9c A, Hal A Norcroaa .60, Tellow
Jacket 60cA, Belcher 20c Confidence
26c Slerta Nev. lOoA. Exchequer X9o.
Union 26c ., .
Sheep Strong in Eaat. V: a
Chicago; Jun IS. Official run! ' - 4
, Hoga. Cattle Sheer.
Chicago 12.000 8,000 , 600
Omaha ........ 9.6 9 0 : 100 1.000
Kansas City.... Tlood
Hogs ar steaay: iert over 1,400. Be
ceipU year ago, 11,000. Mixed, $5.45 a
SJf; 'rTJ5i".I8! Mua-n. 8S.S0S
5:66; light, $6.$0l.70. ,s
cattle Bteaay. ,
Sheep Strong. '' ;i :
Q verbecjk S Cpokc Co.
Ccnnlssica Kcrdiaa!s, Slacks, Ccais, CcKca, Crz'x, r.
' ::r'- ' ' 216-217 BOARD OF TRADE BUILDLNQ
II embers Oiicsgro Board of Trade, Correspondents ci Login & Tryan,
; Chicago, New York, Boston.
We have the only private wire eoftnectinff Tortlani with .the ea .ter -i
v ."- .exchanges,- .
STIflE OVER :
ERIE MATTER
Stock Market Experiences a
Setback-rCrop Outlook
to Be Watched.
STOCK
Amalgamated
MARKET GAINS.
, A. Smelter
Atchison ....
,. it. raui ......
,., ;CoL Fuel .....
C. A O
Oreat Nor.
N. X .Cent ..
Reading
8. JP.
,, Nor. Paclflo
U. 8. Steel .
. . Vi do pfd
U. P.
STOCK
Ixtcomotlv ,
Sugar
Erla
do 2d pfd .
MARKET LOSSES.
.. V4I do 1st pfd .
.. B. AO.
. . iBrooklyn - . .
l
By A. M- Chapman. . 1
(BMrtt Ntw by Loogeat Ltaaed Wire.)
New York, Jun 1$. After another
slump at th opening of th atock mar
ket today during which tha prices 0
all the leading Issues declined frac
tionally below the lowest notch reached
for Friday, a recovery was experienced
and at the close of th session net gain
had been recorded in most of the list.
Rock Island waa among th moat not
able examples. . At the end of the day
th quotation for the first preferred of
that stock showed a loss of 1 points.
London was again a heavy seller, due
it ia said, to disappointment in Europe
generally, over the result of the Union
Pacific bond sale and to the fat of tha
Erie. ; , ? . -
Execution of the foreign selling or
der was accompanied by aggressiv
action by brokers acting for operators
hera committed to th bear side. That
Sent prices to a level at which stop loss
orders, left by traders who had zona
out of town for tha week's end, wera
encountered. The downward movement.
however, was ended abruptly. In th
last half hour th ton bad become
firm and almost all the losses , had
been recovered. "., a
In th next two months the stock
market will pay particular attention
to tha harvests. If th crops are any
where near as bountiful as present in
dications lead experts to believe they
will be, prices ar - bound to advance.
So far as th present moment is con
cerned many brokers say that th re
cent upward movement has discounted
developments of th near future. They
believe it will be well for the specu
lator or Investor to rest until business
has more nearly eaught up with quo
tations of tha activ issues.
Persons closa to tha Harrtman inter
sta today declared that a plan for tha
reorganisation of tha Erie was being
contemplated. If ' It goes through, it
will be seen that th Union Paclflo and
th Erie hav been brought into much
cloaer connectiona. . . ;
Prices Are Higher.
Waited Press Leased Wire.)
Ntw ToA Jun 13. This ha been
one of the least eventful week of tha
seaaon so far as the stook exchange
dealings ar concerned. Business for
tho first two thirds of th season stead
ily dwindled -until tha daily average
reached as scant a volume as any re
corded in the last thre or four yeara
and with this shrinkage in tha trading,
went an approximately complete sus
pension of price fluctuations, Outslda
trad la unquestionably picking up and
in dua time It is felt will overtake tha
"discounting movement on the stock
xchanga,"
. At the moment conservative judg
ment 1 that prices hav risen as much
as is saf and prudent The agricultur
al outlook is excellent .yet it must ba
remembered that except for th autumn
mown crop th situation ii still lnUta
early stages and many mishaps might
occur before tha harvest is really as
sured. Tha . nomination conventions . are at
hand and cautious people ar waiting
to sea what th olatforma will aav In
regard to tha rreat bust
of th day. In all thia. Wall afreet baa
seen enough reason why it. should go
very slow for th time being. Leaving
out ,0?. the reckoning th reduction la
teel the price of which is problemat
ical, developments of th wnrir k.fi,in
In the broader way on th financial
outlook hav been distinctly favorable.
Tha axrvernment eran wnnrt mmrt k,
ter showing than private forecasts has
led tha market to. anticipate Scarcely
less Important than the promise of
large cropa Is th probability which
every day brings nearer to certainty
that owing to tha small supplies th
world over, th American farmer will
get hla prlc for, what he has to sell.
How strongly this bears on the ques
tion of trade development Is so appar
ent that it scarcely needs emphasizing.
Thara la nothing in tb matter to dU
tresa tha market for long. Neither la
ther anything that ought to hava been
realised beforehand about th ErI dls
?i.urA They would have had very
Httle effect her. It is a fact that Wall
street has been indulging in a good deal
of doubting about jtE futur of Erta
property. Eri ought not to hav bean
allowd to go Into th hands of a re
ce ver laat April whan the $5,000,000
Jn-rket at th waa
prepared for the announcement and tha
shock would hava been alight
New Tork Bond Market.
, . J: J ' " 'Bid.
Mich. Cent 5 per cents ,.100Vi
fnn- K- R- 8,r centa....l00S
Unltyd Rys. Bt I 4s...... 80 2
oouiMrn rso.,ist rer. 4a.. 93
N. A W. cona. 4a ..... tlu
R." t 1st ret 4a" i" .!!
88
64
79 -95
Inter. Met 4s
oi.n!i::::::
Q. a I ref. gold 4s ....
Cona. Trac Co. N. J. Bs..ift
Erie lat cons. 4a ' T t. tc
Central Pac 1st 4s ....... oga?
WB9 ooas. : , 92
L. A- N. unl. 4s ?, t..... . 98 1
C.. B. A Q. joint 4a.. . A... ill
gfc.Br:-14 trT (PhilalVii 68 "il'
uu. w. v-oi. vrmi. 4S 73 v - : 74
- New York Cotton Market. V
(Furnished by Overbeck ' A Cook Cc)
' ' ' '"'-"-June
Jan. .rt.,......, 982 823 981 91)
Mar, 918 -934- it 8H
July . ....... ,.ioas 1017 1082 10H
Aug. 1012 , 998 1012 9?1
Oct ............ 961 940 962 9.1
Dec ......'.. 929 928 93S 9.1
v Uverpool 1heat Market.
Liverpool. June 1$. Moe: Wheat
July, 7slHd; September, 11VJ; De
cember, 6s lid. -
CornJuly. 5s d.
Ask.
100
100
80 J,
92 4
73
'60"
87 '
4 V'
82V
97
Va
103
80
20
iiu
99
i-- 99
ft