The Oregon daily journal. (Portland, Or.) 1902-1972, June 28, 1908, Image 38

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The Oregon daily journal., June 28, 1908, Page 38, Image 38

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. JUNE 23, , 19C3. 1 . . 1 . , , 4" 6 V- 00,000 BUSHEIS -WILL PROBABLY BE-' WHEAT. CROP OF NORTHWEST HOP CROP IS SO BADLY MIXED THAT IT CANNOT BE ESTIMATED JUST NOW IN WE -FINANCIAL WORL latest Market Reviews . With the- Trade farmers rim BIG VICTORY Force Warehouse Companies to Come to Terms Rail road Is Hurt. ' , ;. y jlyman H. Cohen. By 'organisation the wheat growers of the Pacific northwest have succeeded tn establishing a chain of warehouses and elevators which will be operated on the cooperative plan, thus giving the) handling of grain to the farmers at ' cost ' '.",.' The latest organisation to . sell its houses to the farmers the . Pacific Coast Elevator company, which, operates the largest line of granaries in the Pa cific northwest the. houses sold by the big grain company r Ja'3n"? Hadley and State Line. Negot ationS for another warehouse at Knnls are now on, and will probably result in Klevator company is affiliated Witt the, v..-i a TriAnHn Xf i H nomn&nv. I Since last spring whan the, various levator and warehouse companies got together and decided tnai mey nm advance their charges for storing grain the producers have been .up. In arms, and the talk has been genera! that the farmers would build their own houses before they would pay the charges asked. The announcement of the ad vance was made so late that it was Im possible for the producers to pur up houses In time to bouse their grain last Season, so most of them - were com pelled to pay the charges or else sell their grain at once. -''', This season the farmers got together rather early, and began negotiations i with the various line companies to pur chase the houses at various stations, which offer was generally turned down point Wank. ' ,v ' ' : - BaOroed tstsBtnnpd. . Seeing that they would hava to hurry if aa escape be made from the nign storage charges for 1908, the grain men went to the railroads and asked for permission to construct opposition houses. While two railroads gave their permission, one held out, and in conse quence Is receiving but small amount of grain from the farmers. - . Several houses were built tn various sections of the northwest before the regular warehouse men realized that they had a serious and probably los ing fight on their hands. Bucking the farmers in the warehouse proposition was like having the railroads refuse to allow the public to travel on their cars at so much per mile. If the farmers built their own cooperative houses it meant that the houses of the regular operating companies would remain idle, xor it was natural to presume that the producers would patronize themselves, especially as they secured ths storage at actual cost of handling. - v- Deserted warehouses would have been the portion of the line companies had they not allowed the cooperate people to do as they pleased, and on : this ac count several of the operating compa nies sold their houses. , Xarmers Claim a Holdup. .-.. On the Part of ths wheat growers the claim has been made that the reg- 1 ular warehouse companies intended to hold them up for every cent ths traffic would bear. They claim that ths compa nies were already accumulating good profits, in addition In most cases where large milling companies operated ware houses, of buying their wheat at first hands. When the announcement came of the advance in price ths farmers held up their hands in horror. On ,f the principal charges they objected to was the great raise In the rate for holding the grain after a certain period. Thi the farmers claimed, was merely done to force them to sell their wheat at once at whatever pries ths buyers were willing to auow. Tanners Axe Jubilant The Walla Walla Bulletin gives ths oroducers' view of ths matter as f ol- lows: - . Before ths railroad company granted ths farmers the right to build houses at these stations, the warehouse com pany would not consider a proposition from the farmers to purchase the prop erties. They evidently thought they had a monopoly on ths warehouse busi ness, and wanted to keep It.- But as soon as the farmers secure) ths right to erect additional houses, ths ware house company was anxious to sell out, realising that they would do little busi ness where the farmers had s. house. - The action of the O. R. & N. In grant ing the farmers warehouse sites has been commended everywhere.- - The Northern Pacific, . which turned down the farmers, refusing tc grant them sny privileges, has made many enemies throughout the country oy xma acuon. Farmers consider they have won a hard fought battle in being able -to buy the . wsrenouses rrora tne racinc uoasi com ' pany at reasonable figures." - ' SHORTS BUY CONTRACTS. ! " Hop Sellers Are Covering Because of tha Low Prices Now Ruling. In an effort tJ cover their short sales. some -dealers have been rather - persis tent purchasers of hop contracts in the Willamette valley during the past week. As high as 9c has 'been, paid for the J 008 growth-VTbere have been -but few sales of spot hops and these only in small amounts. Foreign markets lire showing no Improvement -whatever and ;, the great decrease in beer consumption, . due-'to the prohibition wave, has-caused ynusually small buying by - American brewers. . ...... GETTING WHEAT LOWER Buyers Are Sliding Values Down to ' Meet Tbeir View of New Crop. There Was practically nothing doing Jn the wheat market during the past i week. ' While prices Were cut down lc a bushel -several times.! there was no market to justify any such action, there i being neither buying nor selling, offer-! lng or bidding. The disposition of the grain houses ! was to lower melr quotations gradually until they ame to what they thought would be about right for the new crop. In this connection it may be stated that the grainmen are figuring upon the locnl market opening at 75 a bushel for i 1808, but few of them expect to really buy at this figure, because of the pros-' pert for a 'smaller crop than usual v Kuropea n buyers have not yet sub mltted any bids for. new crop wheat, but some, offers are expected to arrive dur ing the coming week, v ;-... The flour market is unusually quiet t this time and wifh the lower wheat values a drop in quotations -is much more likely than an advene, k This Is the dull time of the year in the flour market and fellers do not expect any rreat amount of business. The exini- Kltuatlnn Is tlll about as unsatisfactory as could be. the demands of the oriental trade being no greater than during the cast few months. A few sales have been reporK-d uiade to north China by interior as well ns ritv mills, but ther trade Is mall enough to still be considered nom inal. - ' - : -. Oriental buyers are. however. Inoul ln ttn to the Dossible price that will be- eflertive for early shipments of new crop flmir. This seems to Indicate that the fnanolal crisis on the other side of the I'aclne has ebout reached its enlth nj lottT wnilitlons are expected to rex'Ril In the business world. I While 'o!no crtf.st miilers have-been with out any preat volume of oriental flour tuiri-jrst, he pt season, lbey are not ittbkte t much ltort to land business by quoting- any reduction in values. Molt of them are still asking this year's val ues, for next season's deliveries, some asking- a fraction mors because or. tne probable short crop. ' . ' Nominal flour grinding operations nave resulted in holding trie rnmreea situation unusually Arm and there has been no deposition whatever by mill ers to cut quotations. in isct, me tendency has all been the other : way because or the larger demana man avail able holdings. - FROXT STREET KEXTEW8.' Hay Market Is Firmer with Crop Oat look Not early so Good. There is a better tone ruling in eggs on account of the. decrease in supplies during the -week. 1 - While poultry Was pot firm during; the pBt: weoli, the price of chickens was somewhat steadier and sales were more easily made. There was no disposition among the trsde to take spring ducks except at low figures. Creamery butter market Is holding steady with last weeks prices, main tained. Cheese market Is showing a fractional decline In values, with larger receipts from Tillamook. - ' Hay market is firmer because of the poor prospects everywhere in the Pacific northwest on this season's yield. Strawberry market was unsatisfactory during the past week because of the general poor quality. Good fruit was scarce and In demand at good prices.- Catch of salmon in the Columbia is Improving and local supplies are better. Dressed hog , market remainea aun I anj siow during the week, with tetailers ! overstocked. 'Dressed veal sold quite well if in crime condition. -Old potatoes are showing but scant sale at this time and prices are drop ping very fast' New stock going down likewise, but quality Is Improving. Front street, sells at the " following prices. Those paid shippers are less regular commissions; t r ,.;' ' Oralai Fof and Say. WHEAT BuyUg pries Track Portland Club 86c; blueatetn, 8; red, He: Willamette valley, 86e bushel.' BXOUR Selling price Eastern Ore- Jon patents. f4.8i; straights. M-HO 66; exports, l3.6S0S.7o; valley, $4.46; graharn, s, 14.40; whole wheat 4.65; rye, 6s, $ Oft; bales, J 3. MILL.8TUITS Belling price Board ef trade Bran, S2; middlings, $30.6s; aborts. 28& 28.60: chop. 121 &l per ton. HAY Producers' pries Timothy, Willamette valley, fancy. $1JJ1J.B0; ordinary, 112.60 It; eastern Oregon, $160-17; mixed, $10010.60; clover, $8 9; grain, $11912; cheat, $11 It; alfalfa, $10. BAR LK T Feed, $5.t0; rolled. t7. 18.60; brewing, $27. - OAT No. 1 white, $27.60; gray. $$7 per ton. , , ttuxut, Eggs and 2?onriy, , BUTTER FAT Delivery . o. b, Port landSweet cream, $3fto; sour, 11 Ho lb, . ' -:-..)..- BUTTER Extra creamery, tic; fa cy, 23Vc; ordinary. il&izo; store, 18a, - - - - - - EGG 3 Extra fancy, candled, ISO CHEESE Full cream, frats. triplets and daisies, ll,01Sc; loung Amerisas, 11 H 14o. - : POULTRY Mixed chickens, 11c per lb: fancy hens, 1111Hc; roosters, old, 89c lb; fryers. ltn lb; broil ers, lH17o lb; geese, old. 8if9e lb; turkeys, alive, 17c; dressed, I920c lb; spring ducks, 16 17o lb; pigeons, $1.26 dc; dressed poultry, 101 He lb. higher. Xo, Wool and Kldas. HOPS 107 crop, first prime. 5o; prime, 4V4o; medium to prime, 4c; me dium, 8 Vic lb; 180 crop, 23He lb; contracts, to and lOo for three years. WOOlr 1808 Willamette valley, 12 180..: MOHAIR 1907 Nominal. l$Kla HIDES Dry hides. U&lia lb; green, 4 6c; calves, green, 6 Jot alps. So lb; bulls, green salt H IHo lb. , 8HEKPSKINS ghearmg, 1016c each; short wool, 2S40o; mecturo wool, 60c5$l each; long .wool, 76c $1.26 each. TALLOW Prime, per lb, $ic; No. and fp-dM, 2rm. , I CHITTIM BARK 2HW4C lb. J. straits and Vegetables, POTATOKS Old, selling, 7580e; sweet 6C'6Hc; new potatoes, $1 cwt ONIONS Bermuda, Ji.4uWl.60 per 50 lb. crate: 6-crate lots, $1.40 per crate; California red, $1.60 per sack; yellow, $1.76; garlic 16c lb. APPLK a Select $S; fancy. $2.26 1.60. FREFH FRX7IT3 Oranges $S.SSO 4.00; bananasj 6 Ho per lb.: crated. 6c; lemons, $4014.76 box; grapefruit $4 g$4.60; pineapples, Hawaiian, $6.00 dos: strawberries, Willamette valloy 7Sc$1.60; cantaloupes, $2.0002.60: ap ricots. 90c11.10; blackberries. $1.40; reaches, 76cQ$l; pears, $1.35; grapes, 1.60; raspberries, 10c. VEGETABLES Turnips, new Oregon. 20c; .beets, 20c; carrpts, 20c per dozen bunches; oarsnlps, 85ctl.00; cabbage, $1.60; tomatoes, California, $1 1.26 box; beans, 8c lb: cauliflower, California, crate, $1.7602.00; peas, Oregon, 4c; horseradish, 810c; artichokes, 60 76a doz; green onions, 15o dos; peppers, bell, 20c: Chile, K0c lb; head lettuce, 26 ioa dos; cucumbers, hothouse, local, S5c3$l dos; radishes, 1 So dos bunches; rhubarb, Oregon, 28ic; celery, ( ); asparagus, Oregon, 60c dos. bunehen; gooseberries, V7c; eggplant 1015o; green corn, 40c dos, ' . Axooerlss. Hnts, Xto ' SUGAR California & Hawanan Re fineryCube, $6.(0: powderea, $8.45; berry. 88.25: dry rranulatd. 84 25: XXX granulated, $8.15; conf. A., $6.16: extra B., $5.60: golden G., (6.30: D., yellow. $5.66; beet granulated, $4.05; barrols, lfti.' half 1unl An,. hAfai EKa .A- van'ce on sack basia (Above nr ices are 0 davs net casn quotatlona) - . hunei fj.iu per crate. . COFFEE Packare brands. 118.10, SALT Coarse Half rround. 100s. f 11.00 per ton: 60s, $1160; tarns, dairy Os. $i6.60; 100s, $l.00t twites, $2 35; imported Liverpool. &. xo-o; oos, (18.00: 4s. 818.00: extra fine barrels, Is, ts and 10s, 4.606.60; Liverpool lump rock, t20.6O per ton. . KlCH imperial janan wo, I, ec: no. l(iaie: New Orleana head, 7o; JUx. ( ); Creole, 6tc v. --, bbanb small wnite, .7: tarwe white, $4.76; pink. $3.86: bayou, $1.88: I,imas. f 6.86: . Mexican reos. t i. Itsats, Tisl, and provlstons. . DREtiSED MEATS Front street Hogs, f fancy, ?o lb; ordinary, Ho; targe, 6 4 6c; veal, extra, to -v per lb.; ordinary, 77Ho per lb.; heavy, 7o per lb.; mutton, fancy, 88 H per lb.; spring lamb, 7c. - HAMB. BACON. ETC Portland PSCg ("local! hams. 10 to 12 lbs.. lfiHc per lb: breakfast bacon, 14H22Hc lb; picnics. iuc per id; cottage rou, lie id: regular short clears smoked.. 12c per - lb: backs, smoked. 12c Union butts. 10013c lb: smoked. 12o lb; clear bellies, smoked. 14e per lb: shoulders. - llo ner lb: pickled tongues, 70c each. ivuuax, juAriU Kettle iear, ios, l"40 per lb; 6s. 13Ho per lb; 60 lb tins, 12 He per lb; steam rendered, 10s. l2S4c per lb; 6s, 12 , per lb: compound, 10a, H?T'r Ih. - - FISH Rock cod. lio lb; flounders. So twr lb: hflllhn, n nr lh' . iirliwl bass, 16o per lb; catfish, llo per lb; sal mon, cninooK, 10c 10; oiueoacks, so lb; steelhead. 9o lb; herrings. 6c lb: soles. Je per lb; ehrimpi. 10c per It,, perch, c per lb; tomccd, -llo per lb; lobsters, 25e per lb; freeb, mackerel, 8e per lb; crawfish, 25c per dosen; sturgeon, 12 He per "; black bass, 2Ce per lb; silver sme,t, 7o per lb: black cod. 7Ho lb: SK.1-!1-60 dox:. sbad. tkc; roe h?lj c; had roe, 12ie lb. . ,PT8TERS Bhoalwater Bay, per gal ion, $2.60; per 100-lb sack. $5.00: Olym- 00 6.EO; Eagle, canned, 60o can, $7,00 F,ni?.Ju 'n Bh,u 1-T5 per 100. j CLASIS Hurdshell, per box, $2 40:' raxor clams,. $2.00 per box. lOo Eer dos. palate, Coal OH Zto . V." 1 . ROPE Pure Manila, I!c; fwandard, lie; sisaL c: L li, slsuL V4c : LINSKED OH, Rw hi.in ' ki. cases, 6ci boiled, bbls, t3c; cases, 67o! RHIZOCTONIA IN BAD FOR POTATO. PRODUCTION .,,:4;:.v,:,..V:is----T4 i'" "" "' ' ." ""' - , ' . , - ysswlsMWWiil.li"1'' ' " " " , ' L X J I " f- f - .,.-:ii-::vV- Showing Rhlzoctonla-Infected stock. (By F. C Ewlng, Oregon Agricultural - - (Vilieare. ) . . Ths attention of the farmers' and po tato .growers of this state Is especially called to the condition of their seed po tatoes,, which should be thoroughly ln SDected for any trace of the disease de scribed below. -..r-f- Observations during the last 10 years hlvA . fthntsn m orrAlnMl rienllna. and In somscases an almost failure of th cropw The prime factor In the cause of this decline Is undoubtedly the root-rot fungua, Rhlzoctonia. .. Tns disease was especially ? virulent last year so much so thst it Is almost Impossible to obtain perfectly clean seed. Should It be necessary to plant Infected tubers, they should be treated as described below, although this will not be likely to give as good results M ths use of seed free from infection. Known In Snrops. -' This disease has been known In Eu rope since 1842. Its appearance was first noticed in the United States at the Iowa experiment station in 1890. But It was not until 1900 that it began to at tract attention and the virulence of the disease was noted. This disease is known In every potato-growing region In the United States. " - The disease appears on the tuber in two forms: First there Is' a mors or less close network of dark brown mycel ium covering the surface of the tubers: second, tners is a ltgnter myceuuu which invades the tissues of the host causing a wet rot at the stem end. In connection with the Rhixoctonla stage lc the Sclerotla, which consist of a' number of dark colored patches scattered over ths surface of the tubers. wen dry they greatly resemble particles of soil adhering to ths surface of the potatoes (see cut), but when wet are of a dark brown color and very difficult to re move even bv wash In sr. Both the Khlsoctonla and Sclerotla live over whi ter anj are ths principal agents In the spread of this disease In the following spring. The soil around the base of the plants and for three or four Inches up the stems, may be covered with a soft, White, velvety mass of the fungus bear ing ths spores which indicate the fruit ing stage of this disease, and ars In strumental in its distribution. Produces Many Effeots. . Ths fungus produces various effeW on the host plant vis: It may kill the a gal; lots of 260 gallons, lo less; oil vao mrai, At tun. BENZINE 88, deg., cases, 19Vo per ""li..1" ". "no per gai. TURPENTINE In cases. 7to psr gal; wood bbls, 69o per gat WHITE LEAL Ton lots. 7lo per lb; 600-lb lots. So lb; less lots. fl4o lb. , WIKE NAILS Present . basis $2.85. NEW YORK STOCK MARKET. DESCRIPTION. Amal. Cop. Co.. Am. C. & F, c. do pfd Am. Cot Oil, c. Am. Loco., c. . . Am. Bugar, c. . Am. Smelt, c... Ana. Mng. Co. . . Am. Woolen, e. Atchison,- c. .. . . do pfd B. & O., c do pfd....... B. Rapid T Can. Pac. e. . . . 66 14 41s 6614 65J4 831, a49 3014 48V4 12S1 7514 42 8114 8$' 4714 160 lit Cen. Leather c. u.- at u.-w., c. . . . C M. & St P. . . C. & N.. c Chesapeake Sc O. Col F. A t, e... Col. Southern o. do 2nd pfd... do 1st pfd..., Del. A Hud. . . , . D. & R. Q., e.... I. & R. G., pfd, . Erie, c......... Erie, 2d pfd. , . Krle, 1st pfd Great Nor., pfd.. 111. Central Inter-Met, c. Inter-Met, pfd.. L. & N Mexloan Cen. . . M. K. & T., c. . . . M. K. A T pfd.. Distillers 4014 S9H soii 'io 68" 68 2414 2414 2414 ISO' 130T4 1281 11!H 27 17 2714 Or Lands . . Missouri Pacific. National Lead . . . N. Y. Central N. Y., O. AW.... Norfolk W.. c. ' do pfd,,, North American. North. Pao.. e . . . OH 14 8 ia 120 18S14 12014 Pennsylvania Ry p. l. C. Co. Pressed a C c. do pfd........ Reading, c... . do 2d pfd... do 1st pfd. . Rep. X. AS., o. do pfd.,.,.. Rock istV's. .. do Pfd. ... . . 16 !4 S. U S..F.,.id pf ao ist pta . . . Southern Pac., c southern ; tiy., c. do p. Texas & Pac... T., St L. AW., p. Union Pac., c. . do p.- 44 14414 V. B. Rubber, c. 24 24 " S7U - oo p. U. S. Steel Co., c. do p. Wabash, c do p. W. V- T Wis. Central, c,. W. I. E. ...... Westinghouse , . t7K 102J 102H 11 11 y 63 - 6314 62 6614 "614l'66H Total sales, 119,200 shares. i Boston Copper Market. ; (Furnished by Overbeck , A Cooke Co.) Dimmn, june Z7. (jrrictai om prices Ad:enture 3H Arcadian 3 Vi Nevada Cons.. 11 H No. Butte.,,. 6&V liingham 70 uia lioramion. 34 nuiie coaia.. zz CaL AriB...107 Parrot 214 84 18 Quincy ..... Shannon . . i. Sue & Pitts. Cal. & Hecla.660 Centennial ... 23 Cop. Ranse. . 65i Tamarack . . . Ely . ..... t., : 714 Granby . . . . . 5 Utah ....... Victoria ... Yukon -, ..... NlDPlsslnc . . Greene ...... -10 Michigan ... 9 iohawk .... 68 I Apex ....... ' ' . Tacoirta "W heat Market. Tneoma, June 17. Whjrat Club, bluestem, 8Sc; red, 84c 4 -, . ISc; SEED IS '! . young plants before they reach the top of the ground or may only cause a pre mature ripening of the plant, or it may attack the stems leading to the tubers, preventing the storage of starch, hence we have large vines and small potatoes. Ths prematura ripening and large tops are the most usual forms of this dis ease.. .. ',-.;: :.-..-'. - - v, ,;.,s - ' - A potato field of 14 acres used by this station last year for experimental pur poses wits severely attacked by this dis ease.. The . catch was SDraved throe times for late blight at Intervals of two weeks, beginning July 12, Immedi ately after the blossoming period, with no apparent results In checking the dis ease. At ths time of the first spraying ths potatoes were in fine conditio;!. Later observations showed that a num ber of plants. that had practically made f;ood growth were beginning to turn yel ow, while in other portions of the field the plants had -made an enormous growth and remained green much longer, but the entire patch was all dead early In ths season. At digging time it was found that these large vines had pro duced very few potatoes.' - The entire field averaged less than 90 bushels per acre, and about a hundred bushels nt these showed wet rot at ths stem end, while a large portion of ths remainder showed numerous Sclerotla Ton Tallow and Sis. One of these tubers grown In a pot in ths laboratory mad an excellent growth for about two months, when It began to turn yellow and soon died, pro ducing only 2.8 ounces of tubers, whloh were very thickly covered with Sclerotla. Several others bav been grown with similar results. This dlseass is most prevalent tn wet, heavy, undralned soils. Well under drained, sandy loams ars not very likely to be Infected with the disease. It has been known to live over In the soil for several years on decaylngv-vegetable matter. Hence a rotation of crops for four or five vears should Intervene be fore the field Is again planted to po tatoes. Seed potatoes for the following spring should be stored In a very cool place. If possible, select clean seea ana a clean soil, which will mean a clean crop. But if diseased tubers must be planted they should be treated in the following solution: Formalin, B ounces; water, 15 gallons. Soak the seed in this two ; hours. SEPTEMBER IS ffllll III LEAD Option of Wheat AdTances 5-8c After a Very Poor Start Abroad. CHICAGO WHEAT MARKET. Open. Close. June 28. Gain. July 8444 84 hi sept ... 84 .... 86 S S5K 8? Vi 8S Deo. (United Press Leased Wire.) Chicago. June 17. Liverpool reported futures from 14 to 4d lower and wea ther at horn was best possible for har vesting. There were at the asms time unimpaired oondltlons In ths northwest, so that, with such satisfactory Induce ments to bears, short sellers took a strong drive at the markets. Firmness soon developed, and both deliveries acted and advanced little over the pre vious nay s closing ngures. tteason ror the recovery was the slow movement to the market of the new winter wheat and the better Drice belnr bid for It it country points.- Local receipts were rour cars against 81 last year, ana at Minneapolis and Duluth the arrivals were 131 cars compared with 361 ths corresponding- day iOT tne previous year. Shipments hence were 66.000. bushels, At ths clone July was 864 and Sep- temoer S6. The prices show H-cent vain In July and cents in September. Corn In a general way fallowed th Course of the leading cereal. Weather was all right over the greater part of th corn country, but In some part of Illinois rain is needed. Reoelpt were 362 cars against 416 last year. Strength that developed soon after ths opening continued throughout the session. In the end July corn was bringing 188c and September 6814 c. or 4o split higher for the day. Eatlmata of Monday's re ceipts was Stl cars. . " Trads in oats was of fair volume, and, after getting over the effect of the early weakness in wheat and corn, strengthened up along the course of rS other grains. Receipts were 167 cars against .152 the year previous. Ship ments hence were 286,000 bushels. Sam ple market was easier, and prices gen- ?F,,,T J?b0.ut ,c lower- Estimate" of Mondays local receipts was 111 cars,-' Closing price of July oats was the am ,.; on the day before, SeDtem ber Hv higher. I In .provisions there was an excellent demand. Hog market at the varda was reported strong from 5c to 10c higher. Local receipts- 13000 for the day and the week's local arrivals 141.300. -Total of th we.". hPments of cured meats was 2.091,000 pounds larger than last year. Estimate 'ol Monday's local hot re rSLpi5AWa 41,000 and total tor the week 185,000. . , .. Rang of prices: ' - ' -v-WHEAT.. ' - ' Open. Hlgfi. July ........ 84 'i Rfiv. Sept. ........ 84 86 Dec ; ........ 86 8714' CORN. July 74 OSU Sept........... 68V4 69 Dec. ........ 68l4 6944 7U 681.4 6814 8 88 4 tB OAT8. July , ........ 44 44 4 4SH 444 si .sSb Spt. , 384 3814 May ........ 411J 4lg PORK. July i486 1470 1480 1492 1482 1492 LARD. 900. 1S 910 930 916 930 RIBS. 811 S?5 8S5 . - S47 840 535 1480 140 1483 R97 I0 916 812 K?,5 840- 1487 1490 1490 : 915 . 980 936B ' 82S ' 845 855 , Bept Oct July e sept uct ;.- iuiy 8"Pt ........ Oct. ......... Low. Close, 8414 86 H 84 V . 85H ' CROP OUTLOOK BEIIIG ATCHED Wall Street Anxious, and Much Depends Upon Hav ing' Good Harvest; v STOCK MARKET LOSSES. - AmaL ......... Loco Sugar ......... Anaconda . ..... . Atchison ...... B. & O. ....... H Brooklyn . .... Canadian , M St I'aul C. & Of ....... U. P. 1U 111. Cent , Ot Nor. ...... Mo. Pao. ...... Nat Lead.... H O. & W. ...... H Nor. Pao. ...t.. H Penn. ...,.,... 14 Heading S. P. ... Vt 8. Steel -. . . . . do pfd ........ H Erie Vi v STOCK MARKET GAINS. I ft K. 1 IN. Y. Cent... ....114 Am. 6melt..i.. (Hearst Kews by Lengeet Leased Wire.) ' BY THOMAS C SHQTWELL. New. York. Jun 27. After an hour's steadiness today. . stocks . turned ' weak and the last figures were tke'lowest of the day with net losses showing In all active "Issues, v. Union Paclfio and Read ing were th most active shares. Entire transactions, however, nut it ud to only about 120,000 shares. , '- r Th market lust now is waiting for the Democratic nomination. Its action Is significant only to the extent that it shows - the sreat body of investment holders are not anxious to sell. There must be thousands of small investors whose stocks. Durchased in the panic, show . material profits. In the face of constantly decreasing railroad earnings they hold onto their sharea Plvideud reductions have no terrors for them. The Immediate future of the market Is entirely a matter of guesswork. Not even J. P, Morgan would care to stultify himself bv slvlns a definite oolnlon as to whether It would go far up or down on the next movement. Ths crops will decide the question. Just at pres ent thsy are fairly good, A bumper crop Is not expected now, but there is reason to expect an average yield. There 1 time enough for a failure and a failure would be very serious this year. ' Bom speculative movements are planned by Wall street operators on th theory that crops will be good. These have to do with ssveral mining and industrial com panies, as well as railroads. The mln- ng stocks to be taken up are Cobalt. Ely and Gold field. The Standard Oil people are figuring on some activenest n Amaigamatea and Anaoonaa ior un loading purposes. r Smelter ts to b made active for th sole purpose of introducing it tq the general public who have been hurt so much in Guggenheim movements, that new owners of smelters will have to do missionary from the beginning. John D. Rockefeller, havlnc acaulred a very material block of .American Ice at panic prices, win Kin two Dims witn one stone In trying to make these shares at a larsre roflt and heln Charles W. Morse out Incidentally by letting him sell his holdings to the dear public Th Rook Island group of traders ha apparently made u- a pool to depress prices ana for that reason union Paclfio has found support recently and Is liable to find mora Bu.t little speculative Interest la taken In commodities Just now, th street hav ing come to the conclusion that plungers have been very badly hurt tn cotton and Wheat.- ' - t: . ' : '...;;'..', Review of Week. ttJnited Press Leased Wire.) New York, June 27.-Th general stock market has changed very little from what it was at th close of busi ness last week.. In ths early part of the week sentiment in speculation was rirmer. uomewnac 01 a ris nas neon expected at Chicago and it has not come yet As has happened very often, how ever, on similar occasions previously, operations for the decline followed to Induce liquidation. Nothing happened to influence th liquidation of securi ties or buying. The investment com munity Is waiting for outside conditions to assume more definite shape. It is hardly surprising that criteria are so confusing that judgment of I individual sales should be very much mixed. Much depends upon the special poikt of view. Mr. Mellen of the New Havn railway, for Instance, looking principally from th standpoint of currency railway base. Is net Inclined to be at all optimistic. The average merchants in New York City, going by what he sees in his of fice affairs, is apt to be optimistic. Whether the action of Southern Rail way management in ' relinquishing all efforts to lower the wage seal Is to be counted an authority, Is In doubt In a larger view of the situation, on of the two must surely happen In the business situation - before another six months are over. - Either returns of rail ways and other corporations must get very much' better, or wares must come down. Current wage schedules are still attuned, as a rule, to business prosper ity at Its maximum, little or no cogni sance has been taken' in th decline of trade a year ago. This is all logical snd Is be von d doubt The November election Is what traders are holding back for and If this turns out well. it will provide the great impulse for ward. On the other hand.- It may be recalled that In 1898. in spite of the lm mense relief afforded by the defeat of Bryanism it was ruiiy six months be fore the commercial Interests began to make response. .. New York Bond Market. . Bid.'- AaW Mich. Cent $ per cent ..i. 100 14: 100 H Penns, K, R, E per cent, . .10014 10014 UnL Rys., St I 4s........ 8014 ..... Bo. Pao, 1st ref 4s. , . , , . 92 ; 9214 St XL and a F., r& 4s,,.. 14w 7014 j. aoa w., cons, es ,,. , . . . R. I.. 1st ref. 4s. .,.,..; 8414 -t$14 Inter. Met. 4 Ha ... 6 65- au. uoast I'ine ..t su . Hi O. R. - K.,' -4." , , .-. . ir. , , . . "95 14 ', vv.!. O. B. L.. ref. s-old 4s...... 8814 80 t Cons. Trao. :Co. . ,.:,10214 .-' 101 .. Erie, 1st cons. 4s '. i . i , , 82 15 U . i & Colo.-and So., -1st 4s., , .;', 8914 8914 Cent Pac. 1st 4s i 97 14 :v 9$ t Atl. Coast Line, cons. 4s "91 ' Land K. unified 4s 98H - 99 f a B. and Q.,-Joint 4s.,,, 9814 9 -Reading, gen. 4s 96 99! C. and O., gen. 4s ....... ,10014 191 Un. Ry.. gold tr. PhIIa) 4s. 66 67 r Elc. and Peo.. (Phila), 4s, Un. Rv. Inv. Co.. Col.. (Pal. 4S, ...,..,,... , ..78 fa : 73 74 Hogs Higher In llast, ' . Chicago, June 17. Official run: - Hors. Cattle. Sheen. Chicago , ...... 11, 000 . 800 8,600 Omaha ... ...... 6,600 800 , .... Kansas City ..... 6,000 1,000 " B.lOft hoks are strong to ec hixher: left over vesieraay, s,(ou; receipts year ago. $5.706.8214: heavy. $.O608. 80; rough, $6.70 6.U6; , light. e.(u'0'o.io. - tattJ ana Sheep steady, New Tork Cotton' Market. (Furnished bV Overbeck & Cooke Co.) Open. High. Low. Close. January .. March ... July .. .. August . . September October . e December ...910 ;.910 ...980 ...980 ...958 ...927 ...917 911 912 980 ' 987 969 928 919 908 907 907 985 . 979 9R5 925 910 907 985 980 966 926 911 Tjlverpool Grain Market. ' ; Liverpool. June 27. Official clone: . Wheat July. 7s 11; September, 4s lid; December, s 1044 d.'- - - torn July, 6s 1941; faeptemper, 5s ltd. , . . CATTLE SUPPLY TO BE SHORT Little Grass and Less Hay to . Hare Effect Upon Mar . - ket's Future, PORTLAND LIVESTOCK RUN. -.'"..- Ktrtes. ' Cattla Rheen. Psst week 662 - 673 $126 619 root i7h 1133 - 937 765 1870 1161 1906 S91 1115 By Hymen JL Cohen. . ' Portland Union Stockyards, June 27. A turn for the better was shown In svery branch of th livestock market during the past six days. Probably th smaller arrivals had something to do with this chang In th market's atti tude, but returning confidence pf th packers In th future of things probably caused much of -th added bullishness. Th change In the cattle market was really wonderful although it Is deemed even more wonderful that th. recent sever weakness occurred at all. .- r -Ther la no cause for a, weak cattle market this season so far as known. Everywhere cattle supplies are short In th east they are -aiiil feeling th famine and will feel it more as tie de mand for beef Increases with th cooler weather of the fall Out h nr In the far west cattle are not nearly so plen tiful as they were a few years ago. The heavy eastern demand of a year ago and the absorbing of heavy supplies of west ern steers this year helped somewhat to deplete the ran see of the west althoueh the low prices that have heretofore ruled and the cutting up of some of the big ranges, nave iiaewise naa tneir eiiect upon creating a shortage. ,i The real trouble this season Is the scarcity of grass tn the interior. According to a prominent operator who recently re turned from the Crook-Wasco ranges, ther la but a scant supply of grass for feeding there, .This Is on of th best feeding sections onth coast and th Shorter there will cause mora of a scarcity than In any 'other section. Say Crop Will Out OatUs Supply. Then again the hay croo la short In every section of ths Pacific northwest this season. . While the mild - winter al lowed moat of th feeders to carry over about half - ef their last year's supply of hay; this will not be. sufficient to make up for the shortage In this sea son's crop. - With hay scare ther-will be a consequent advance in values and; feeding will become so expensive that1 ' .,''' .. ' : ..... . 'v. .' ... . Portland Construction Company Of PORTIAND, OREGON ; ENGINEERS AND BUILDERS OF ELECTRIC RAILROADS, POWER GENERATING PLANTS AND CONCRETE DAMS. CAPITAL STOCK, $500,000 . Par Value $100 Per Share ' $100,000 PREFERRED, 9400,000 COMMON This company has contracts for the construction of 200 miles of electric , railway through Gilliam, Wheeler, Wasco, Crook and Grant counties; also contracts for concrete and steel dams on the John Day and the Deschutes rivers ; also for concrete -work on bridges and buildings amounting to over . - . $q,ooo,ooo. . These projects are being financed by - a bond j - issue of the Wasco County Electric & Water-Power Co. to the amount of $15,000,000, and the money se- ' cured from the sale of this bond issue will be de-ty' 'voted to the payment of the above-mentioned contracts.'-. Vv.-y -;4"'','-ft;':y We Offer 5100,000 ot the Preferred Stock of This Company, Paying 8 Per Cent Per Annum, at $92 Per SMre; guaranteed by contract with the promoters to turn over to a trust company twice the amount of the par value of this stock in, bonds of the Wasco County Electric & Water-Power Co, to bo held In escrow as security for the.payment of this stock at the end of 10 years. A sinking fund to retire this $100,000 of stock at the end of 10 years being a stipulation in the preferred stock, which will pay, as above men tioned, 8 per cent dividends per annum. This stock controls the entire assets of the com- . pany. v The money secured from the sale of this pre-' f erred stock will be use for the purchase of equips . ' ment and f6r actual " construction of 40-miles of kf grading . and contractors' skeleton railroad to haul material for construction of power dam at the John Day river, and .for all other purposes incident to the i carrying forwarM of the work involved in these con- tracts. l - - We can'recommend, this' stock to be a first-class"- ; investment' . - " ; ' COOK & TRUBY 511 Corbett Bldg. Portland,1 Oregon A-2184" ' - " Overbeck & Cooke Co.; Ccnciissioa Merchants, Slocks, Bonds, Collcn, Grain, Etc 216-217 BOARD OF TRADE BUILDING Members Chicago Board of Trade, Correspondents of Logan & Bryan, . y Chicago, New York, Boston.. . We have the only private wire connecting Portland with the eastern "., .- exchanges. ",' ' only a few of the larger operators can arrora to carry on weir worn as la for mer seasons. . . - k During th past week the. cattle ry eelpts began to show signs of falling' orr. jne loiai arrivals ror tne six aays r reached 873 head compared with 4,222 a , week ago, 1,138 a, year ago, 927 two years ago and 76S thre years ago for . this 'same week, , V Muttol Xdarkst a fraction Tinner. " The sheep market Is a trifle firmer ' but that does not speak very well for ' th situation as the price has not moved . a particle from the low point recently reached. Because of the scarcity of cat. . tie It certainly ought to follow that sheep would show n inoreased demand but such is scarcely the case and ther Is still -lent" of sheep offering even at th low nrlcea of the vear. , , fAlong with th Improved ton In cat-s n aim sneep mere was a nrmmg up or.: the Aog market although prices ; have not moved during- th sir days. Ar rivals' for th week totaled 562 head compared with 697 a week ago, 629 -year ago, 878 in 1906 and -291 in this am week of 1905, . ' - t , ' V Wool and Kohair Hoy Better.' Even wool and mohair are showing . up better. During the past 10 days r. ther has bean a change of sentiment In both, markets and values are doing fractionally yettr for all grades. A year ago for this same week there was Intense weakness throughout- the local livestock market with values In all lines showing reductions, v . Official yard values todays ; v ,. .Ho5T"Be,t. tutf' it l6 China fa(s. -$5.75i&6; stockers and feedsrs, . .V. Cattle Fancy eastern Oregon trs, 24: medium, $3.B0 4zt.'i(; best cows., ti : 2 25; bulls and stags, $11.S0.. 7 ' " oneep bmi weuwt 83.7i: spring lambs, weUrhlng 76 pounds, $4.50 4.76; mUed, $t3)60. 4 . : Weekly Report : ? of Wheat Crop . Daiing th past , week - th ' wheat crop mad good headway In all sections of th . Pacific northwest, although good show-' rs would bav been doubly wel-. com In all' of th light-land -sectlona Harvstlng of barley , ha started In on or two sec tions and in a few spots th harvesting of wheat will begin early In th coming week. : Chicago Dairy Market. v - -UIVHiHl.. m vt9 . . . r-.,.. . " unchanged. .- , ... 1 111 ' 1 . : 7