THE 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