The Oregon daily journal. (Portland, Or.) 1902-1972, March 21, 1909, Image 56

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The Oregon daily journal., March 21, 1909, Page 56, Image 56

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Newspaper Page Text10 5 mm mis FINANCE REVIEW OF THE WORLD'S TRADE OF THE PAST WEEK FAILURE MARKS Mill WHIG Even at Advanced Prices to Come Later (j rowers Will .Lose Money on the Crop. probably) high, but thry an, opportunity to gathrr a have loat I profit on .,11 Hynian If. Cohen. in It possible to successfully manipu late prices on a crowing crop? ' ; : The question la being- asltd at this , c tlma by Interests clone to onion pio , ' , ducers and they have aaked the aame question regarding other lines of farm ' production for many years. 1 Tha failure of the onion growers of - thla state to maintain a high vulue for their product has come through no fault of the Individual members of the Con federated Onion growera themselvea but J have never found band of producers bold aa tight aa have the onion men of thla organization. Despite this holding, however, their season s worK naa Deen iar irom a sue reaa. Thla wash due to one cause alone, . 'J'hera were more sacks of onions grown in the territory than the producers had :). anticipated and tins la uia case in prac tiat)v nine out of ten cases. V Holding of" thetr supplies by" several 'doien onion growers in the State of 'Orea-on can alwaya have aome effect union tha market but whether the hold Ing will produce higher prices depends - upon Otner conamona anu umess- uieae . conditions are favorable the organisa tion cannot accommlsh what It seeks. There is no doubt In the minds of any one that Oregon Droduces the best onion iln the country. Thla onion will sail 'from .26 to 60 cents per hundred pounds iimre than any other onion at certain ' periods but at other times the premium paid la small. . Soiling onions Is much like the selling ' of any other product potatoes, hops or ; wheat supply ana aemana means every jtliing and in times of a surplus prices v are always lower than when there is not cnouo'h to iro around. Oregon onion growers sought to nut a much greater premium on tneir supplies ' than has heretofore ruled and in this they made their fatal mistake. When other sections were selling onions at a 'moderate priee because they believed they would obtain no more, the growers . or tills state held out lor luuy l cent a , pound more than was being paid. "The . result was that during the period In which fully half the state's production 'should have been moved, scarcely any sales were made. Onions will keep In "good condition Just so long a period but this year the finality has deteriorated much quicker 1 than other seasons. The result then Is ' that fully 25 per cent of the first class onions of two months ago have now been placed in a lower grade. Many ' ' hundreds of sacks have begun to sprout badly because of the lateness of the season and there is little doubt now that before long the bulk of the supplies will be out of the way. Then there will he a shortage ot onions. If present forecasts 'count for anything, whether it will pay growers to throw away the bulk of their supplies ' . when they might havd sold them at quite fair prices earlier in the. season. , a-wi take a small advance over these nuotajuonsforthtMimall remaining hold To the onion grower- who has a qual ity of stock that will stand up during th next few months, the price obtain able will probably pay for the loss of . the poor ttock earlier in the season. , However, many growers are how fran- .tic with fear because not only will they have no long-keeping; supplies to offer later in the season when prices will ' what they can scarcely dispose of now except at ruinous values. Such a condition of unprofitable hold ing ran be roclted for any linn .of farm growth. Principal among thorn may be nf intoned hops. Offered 10 cents a pound Ht I he atiirt of the seaaon for their product many groweia believed tliey would be abl to secure double that figure. I he result la th same, they are till 1ioll;ng their hops or have sold them during recent days at a fraction more t dun half what they could have dliLilni'il when the crop was first gath erfd. While many Instances of unprofitable holding may be recited, there are again many tluien that nroducers reap good re wants from carefully watching market conditions and fluctuations but "blind 1 1 u 1 1 1 1 1 1 k d '!! not pay at uny time. tmriviiiMi t t l.'T.ifici t DlV FACING A KAT1IER MLXED CONDITION Butter 'makers of Oregon are doing much worrying these days. While the home supplies of butter ure not able to take care of the demand, and tbero- fore present high pricea are fully Jus tlfled. the big values and shortage here have caused an Influx of eastern and California fresh butter to Port land and the result is that unless the local people meet the outside prices ot go within a fraction or two of them the market win te awampeu witn for eign aoods. Cheese was firm and higher during fne-weeK.- only-scant supplies ox new cheese are coming forward and no old stocks Is obtainable. Kggs are lower again although market is holding quite fair. Durln the week there was a considers movement toward the northern cities and this' kept the local market from showing an accumulation. Poultry was steady to firm during the week and the high values of lust week were aafely maintained. BRIEF REVIEW OF FRONT STREET FOR TIIE WEEK OREGON'S WONDZRS-rA WHEAT HARVEST SCENE Potato"" market was firm during the week, and as high an J1.4& was paid for extra select duality by shippers. General shipping stuff ranged around $1.25gl.30. The advance of 15c in the local sugar market was expected and was due to the higher cost of raws In New York. coffee orices are advancing ana dur ing, the week the cheaper grades went up He a pound. , Asparagus rrom tne soutn is in very liberal supply and sharp declines in prices are noted. Tne fight in wire nana seems to nave been brought to a close and recently two advances of loo each were an nounced by the big people. Week of: March 20.... March 13.. . March 6.... February 27 . . February 20. . Hogs. . 766 .1189 . D25 . 666 . 216 LOCAL GRAIN IS . HOLDING FIRM AT TOP QUOTATION All grain prices held firm the past week in the Portland market. The strength la much more pronounced In oats and durine the latter part of the week sales of white oats-were made as high-rS 429-50 jier-loiV-ixack .thla city. Barley prices were likewise firmer and generally higher although there was less doing In this market than in oats. While wheat was very rirm during the. week for cash stuff. lnal trade was reported radically no change . In futures on the board of trade. By Hynian H, Portland Union Stockyards, March 20. If any one doubts that Portland has become the livestock authority for the Pacific region a look at the present sit uation wouia disclose their error. Portland is today dictating what ahall practically be the price of cattle-next winter and spring for contracts covering aenvery during tnose periods are now being - made, and several have already Deen concluded. Tne price obtainable in several Instances for steers delivery a year hence will run close to the nresent muraei. That the last of 1909 and the begin ning of 1910 will see good livestock prices. Is the opinion of the best men in the trade, and the killers are backing their Judgment by making contracts covering those periods at prices that ruled toward the end of the present sea son. While high prices ruled late thla sea son, they were not very profitable to feeders, but the contracts now being made are said to be the most liberal ever written in the Pacific northwest. At first glance this may seem as if the packers are anticipating a lack ot feed ing, but this is scarcely the case. With the new packing plant In operation on the peninsula which It will be during the coming season there will be an Increase in oneratfons. nnrl enneplnllv In only a nom-I the better class of stuff. livery year There was I mere is a can ror a Deiier class or cat WEATHER HUD CROP BEARISH -- - - -. - - . Outlook for Coming: When Production Favors Selling; Side in the Chicago Pit. (tTnltta Press Leased Wirt.) Chicago, March 20. Weather condl tlona are Just right for tha growing winter wheat, according to the bulk of testimony received today and. aa that has been substantially .what reporters nave Deen repealing rrom day to day tha last two weeks, tha ronilunl wear ing on the same spot has made a large hole through which the bears have pourea juiy wneat in Heavy quantities. Wheat closed about In hnluw hr it rested yesterday. Northwestern re ceipts were 255 cars or 118 carloads less than last year. Recalnta at I'klpim for the week were 368.000 bushels, and for the like week laat vear 22&.nnn. Ti,l i . . . ... worsts iocai snipmems amounted to 225, 000 bushels asalnat 613.000 laat venr The tone of tha corn trad waa hnuw Receipts wei;e 260 cars against 239 last year, under in influence or hmv niun of July wheat the latter part 1 of tbe session - today-was- f urt her.- inoreaue to tne selling of corn and lowest prices wars made aa the session was shunt tn ciose. May corn sold at 66 o and closed I at only H-llo reaction from the bot tom, joiy closed at BSVic, Its lowest THAT KILLERS ARE CONTRACTING mMmm weaaness in wneat and corn, All on the provision list excepting lard were weak, heavv selllna- bv recent inn. ulatlve holders helped to some extent by packers who had much nork ami Hh Price, for sale. Receipts of hogs at this point J5.00 were ji.uuu. receipts Here for the 4.&0 I wetrn. ware against JSI.UUU tne 4. no I corresponding week last year. (.Ill Cash sales: Wheat Winter No. 2 red, 6.io tl.2201.24; No. I red, i.15W, 1.22 V4 ; 4 B0 No. S hard, $1.1501.17; No. 3 hard. 4(0 ti.ii'Awi.m; io. i northern, i.ihV4$j 4.60 1.19; No. 2 northern, $1.1401.17; No. 3 II Mi l!l i i r -s . I I Kv - - 'j'M,-., ' - . - : . ' ' j i v4t ; , lVVlSlrTiYi'IH i .,-fl.A-. i..fit.iiMj. - .iK.i.t..,!m.,t,,rtn ,rt.nin imii lT1v i .hAm uKA.'t.ta in I v. mtmA j y CATTLE SITUATION IS SO STRONG PORTLAND LIVESTOCK RUN. Cattle. 476 750 1097 1289 1130 Cohen. PRICE OF STOCKS AND BONDS IN THE NEW YORK MARKET YESTERDAY ; . The range of the New York stock ( and bonds markets yesterday are fur nished by Overbeck & 4s Cooke Co. Bid Ask . . 77 .107 .100 .1044 94 ' 'Am. T. & T. Conr. Am. Tobacco, 4s ' Am. Tobacco, 6s I Atchison Gen., 4s .... , Atchison Con v.. 4s Atcli. AdJ. 4s atamned , Aivuinuu v-uuv.. Da ...... 1 u u JAU. C. It. Oons., 4s 96 H A. i. Xj. to. BC col.- , 48 . . Bait and O. 3s ...... 934 Bait, ec Ohio, 4s 100 B. R. T.. 4s 83 Can. Sou. 1st, 4s 106 C. ft O., 4H 105 C B. & Q. Gen. Mtg.. 4s 100 C. B. & Q. Joint, 4s .... 98 C B. & Q. Ills., 4s .. 101 C. B. ft Q. Denver. 4s 100 Cent Pac. 1st, 4s 97 Chicago ft East Ills, 4s ..87 Chicago R. I. ft P. Ref. 4s 89 ; Chgo. R. I. ft P. Col. tr.. 4s 78 Vj , Colo. & So. let, 4s 98 1 Den. & Rio Gr., 4s 96 y, , Del. ft Hudson Con v., 4s 100 'i Erie 1st Cons. PL, 4s Int. Met.. 4s 774 i Jap., 4s Jap. 1st. 4H R4 Jap. 2nd, 4tys 9 I. ft N. Tu 4s SI! ; M. K. & T., 4Hs 101 Mo. Pac., 4s K ! N. Y. Cent., 3 Us si 95 7 108 101 104 N. Y. Cent. LS . 3Ui f C. M. ft St. P. Gen.. 4 s N. Y. t'ity 4s JV. & W. 4s N. ft W. Conv. 4s N. Y. ft Ont. W. 4a N. P.-P. L. 4s Nor. Pac. . 92 l" 84 .101 . 98', . : . 98 li . H'2S Oregon S. I 4s !M O. R. ft N. 4s 9Si Penn. Ry. 4s 1948 104 Philippine ?ty. 4s . Reading Gen. 4s Kepublic Cuba 5s 102 So. Pac. .1st ref. 4s B. Pac. Con. 4s i o. Ry. 4s aUt S. V. ref 4s 8f. 1'. l'ac. lt 4 n2 I. P. Conv. An 1114 I". P, ref. 4 9KS. t S. Steel S K 5.. I0j7s I'nd. Ry. S. F 4s Tnd. Ry. gt. I. ss Wabash 1st 4s 73 Western I'll, Weatlngh"iiae Conv. 5s ivMiefn fae 6s WU Cnt. 4s West 6hoi e 4 .103 10 97 89 94 101 83 105 100 10254 102 98 89 S9K 78 98H 97H 101 87 77 85 'i 92 2 Mi 102 92 82 93-4 84 'i' 102 99 96 99 f3 76 95 9 104 93 99', 102 94". 92 " 10 14 9K 13 74 7 7S 94 93 9n - 94 ITew York trtock Karket. Range of New York prices furnished by OvernecK ft Cooke Co.: DESCRIPTION. O o 68 48 51 '84 103 40 102 1 107! 68 48 61 '84 103 40 103 107 r o 4 68 48 60 '83 102 40 69 32 62 71 167 102 107 4 144 69 32 62 71 167 Amal. Cop. Co.. . Am. C. & F., c. . Am. C. & F.. p.. Am. Cot. Oil, c. Am. Loco., c . . . . Am. Sugar, c. . . Am. Smelt, c. Am. Smelt., p.. Ana. Mining Co Am. Woolen, c. . Atchison, c Atchison, p B. ft O.. c B. ft O.. D B. R. T 71 Can. Pacific, c. .1167 Cen. Leather, c . . Cen. Leath., p. C. ft G. W., c... 4 C., M. ft St. P.. . . 144 C. ft N. W.. c Ches. ft Ohio . . Colo. F. ft I. c Colo. South., c. do 2d pfd. . . . do 1st pfd. . . Corn Products, do pfd Del. Hudson. D. ft R. u., c. . .' I do tifd 1 I Erie, c I 24 24 23 do 1st pfd. . . .' 37l 37l 37 ?ort,h- Pf -- 141 141 140 Illinois Cent. ...142 J142U14? Inter. Met., c j 14 j 14 I 13 Manh. Ry .Mejc. Cent. Ry M. K. i T.. c. . do pfd Distiller!. 68 48 110 M 51 129 83 102 40 28 102 103 107 93 166 29 1U1 4 4 142 II 43 1 1 I 69 32 62 Liverpool Wheat Market. ' UreTDOol. March 20 Wheat rlr ft d lower Mar ld; July, ts Jd; Septem ber. Js lOd. WILL FAT AM TOUMWf. Dressed Pork, aay sis a0 trSMd Veal, under lit Iba ic I ry ri Veal, large Te to Iraed Hens and Springs 17e I red Turkeys aoe ItreaaM Ducks aQ IJ llene and Springs.... lae LlM Trke ITe L'" Ducks ................... .je Frgsv market price. Vt wM rhedr the rrt day. We not charge conunisrfoa. All iHbimbu muat T geod quality oa rrk us la the right shape. Frank L. Smith Meat Co. . f r. HiJID, osveeov. . Ore Iands . . . Mo. &nr National La1. N. T. Central. V Y.. V i W. N"or & West. N. Anjirlian Padflr, r. . Pf M B Co T't-nn. Ry V , . & I'rs St Car. do pfd. Reading, r lo 2d ).f.l do 1st rM R'P- 1 & S . do pfil. . . Rr.rk Inland do rM. . . St L. AS. F 2pf do let pfd. . . . 6 1-aolfic. c do nfd S Raiiway. c . . . do pfd Ttx Parlflr T . S I. ft W.. r do r f-i .... I" V.. , . . . do pfd 65 68 '124ll24 I 45 ! 45 13 1140 41 66! 8 69 32 62 i i 81 18 76 173 44 84 37 141 141 13. 41 129 142 20 40 72 35 65 68 124 124 44 44 87 78 138't3 . 130 130 130 130 Co -111 in I 111 111 ... 31 ! 36 3 j 36 ' ' ; ' 96 . 12S 128 127 127 " ' ' 89 : i ; ?? 71 ' "3 3 1 63i'7 J 35! 3 36' 36 ' I 1 fit 1 118 117'118 1 122 j 22 1 ; ' 22 t . ' 4 46 .1 , n i 7 0 i:!S,i"V'i; 6 tie. and the strides made this vear in this direction were the greatest In the history of the livestock industry. Great Plans for the Future. Plans for the future of the Portland livestock market were never brighter than today. Shipment of hogs from Ne braska for the open market here arrived during the week, and was sold at high priceH. The starting of the movement in this direction rneans that Portland' has been recognized as the best priced hog market in the country, and In competi tion with Chicago, Omaha, Kansas City ani St. Joseph secures supplies from Nebraska points and returns better val ues to the producer than would be ob tainable elsewhere. The Portland market Is now the fair est, and will be the fairest livestock market in the country so far as the Dro- ducer is concerned, for under the rigid regulations of the Portland Livestock exchange the shipper must obtain ex actly what the stock brings, less of course the legal commissions and other charges. The rules of this organization are so rigid that none can say he Is Sheep. nt getting a square deal, for suspension 1T14 Irunl oumness in tne yaras wttii inai 935 person who is proven guilty or sucn an 50 oxiense. , 2140 cams Bell up to as.so. 606 Sales of cattle were made during the last day of the week sit $6.60 for top steers. While it took some select qual ity to bring this figure, the market would stand further sales at the same height, providing the quality was there. There Is a demand for quality and kill ers say tney are wnilne to pay ror tt. The activity of prices for cattle Is not confined to any one line, but all are affected by the greater demand. Best cows would bring from present indlca lions, rrom 4.ao to 34.60, Dut to se cure the latter figure requires some thing of better quality than has been ODtalnahle of late. The situation In the local cattle mar ket was further strengthened during the past week by the small showing of ar rivals, the total run reaching but 476 hend and was the smallest for many weeks. JThls poor showing of supplies is aue to tne lack or demand from kill ers a week ago. during which period snippers were rrequentiy advised in this report as well as by commission sellers, to hold back their shipments ror a more ravorawe opportunity. Shorn Sheep to Com Forward. The sheep shearing season has start ed in a small wav at eastern Orea-on points , and iiome small . suppllea will -be avauaoie ior tne m,arKet during the coming week. Anticipation of these and larger arrivals has caused buyers to hold back their purchases and this likely means that a lower ranee of values may be expected and that the ton price for the season has alreadv Deen outainea. in ere was, however, no change in sheep values during the past weeK. . Hogs were quoted firm all throueh the week, with a very small run. While eastern hogs sold as high as $7.50 dur ing the period, no sales of local produc tion were reported at mat rigure- De cause the quality was not there to ob tain such a price. Arrivals of livestock In the yards the fiast week compare with the same period n recent years as follows: Hoes. Cattle. Sheep. 1909 766 476 1,714 190R 385 289 23 1907 185 60S 150 1906 842 839 ' 677 1905 567 417 B.923 A year ago for this same period hoes and cattle were firmer and higher while sheep were firm 'and -nominal. Yard's Representative Prices. Following prices are representative of the week's transactions in the yards and indicate demand, sunnlin nnH mialllv offered: ' I 1 cow, 1 steer. , 1 st 5.60 6.50 6.50 6.25 6.00 6.00 6.25 $.00 2.75 4.25 CROP CONDITION REIMS GOOD Plenty of Moisture Said to Be Assured for Summer Even at This Time. STEERS. vjfet weight 29 steers 30,140 20 steers 20.175 10 steers 10,066 27 steers 28,430 27 steers 28,600 30 steers , 80,230 IS steers 13,965 7 steet '7,810 23 steers 30,050 23 steers 30,875 29 steers ' 91,630 20 steers . . . 23,000 23 steers M. ... 24,600 27 steers 23,700 25 steers 25,085 MIXED CATTLE. , . 1.955 iteer. 2 bulls...... 4.350 cattle 8,900 COWS. 24 cows. 1 stag '. 26,600 86 cows 86.000 6 cows 6,235 19 cows 20,765 BULLS. 4 bulls 6.000 2 bulls 22,000 3 thin bulls 3.800 1 bull . 1,060 1 bull 1,725 CALVES. 2 calves 460 SHEEP AND LAMBS. 595 sheep--Tr.:v:;:Tr:7'6fli,S8g 174 lambs .......... 13,465 80 lambs 7 735 69 lambs 6,230 ' 6 sheep . i 730 HOGS. - 64 hogs 11,435 10 hogs 1,285 -9 hogs , ... 1,450 11 stock hogs 1,250 83 hogs ; 19,850 88 hogs .; 19,795 88 hogs 16.676 32 hoes 5,470 66 stock hogs 6,160 65 stock hogs. , 7,945 15 .hogs 3.070 104 hogs , 22,270 The fallowing is the general ranee of I vaiues on siock ruling in tne yards for lace Bnipments; Hogs iiest east of mountains. 17.25 ordinary. $7.00:' blockers and feeder. 99. I D. Cattle Best steers, weiahln 1200 nrtnnds K9Kf(jKRn. milium .c. poor steers, 4.oufa4.7s: pest cows. 14.25 medium cows. 4.o: Dulls. 2. 5043. 60. 8heep--Best grain fed wethers, $5.50 B.vti; oest hay red wethers. I505.25: lambs, $6.60 6.76; straight ewes, $4.25 5. id; mixed lots, o. Veal Choice voune calves. IK Eft neavy ana rougn, 4.tuy4.7o. spring. Il.124rl.16. Corn No. 3, 6464c; No. 3 white, 6oUc: No. 3 yellow. 64U265c: No 4. vjrafiic; uats .No. z white. 5464ic: No. 2 White. 634P54c:.No. 4 white. . 614H 52c standard, 64 c. furnished Range of Chloaeo nrlces by Overbeck &, .Vojte Co. : WHEAT. May July Sept. Dec. $3.75 3. 4.00 4.25 Mav $3.50 July 3.00 Sept. Z.DU n on i. no May Sept. Open. 116 103 97 98 66 65 65 High. 115 103 7 98 CORN. 66 i Low. 115 102 96 97 $5.50 64 48 40& I May-July $5750 . 6.6U 6.50 6.75 Mav 6.00 I July I Sept. $7,25 1 7.25 7.25 6.25 7.6o 7.50 7.60 7.25 6.50 6.50 7.25 7.25 May July Sept. .1757 .1762 .1005 .1020 .1030 , 930 . 942 . 960 65 7i 65 OATS. 54 48 40 PORK. 1765 1765 LARD. 1012 1005 1025 1015 1087 1027 SHORT RIBS. 932 922 947 935 962 952 6 65 65 53 48 40 1740 1740 Close. 115 103A 96 97 65 B 65 6,5 V 64 48 40 B 1747 1760 1007 1020B 1037A 930 945 957B FURNACE CLOSE HAS HO EFFECT Report of Tieup by Steel Trust Does Not Scare. Stock Speculators. By Thomas C. Shot ell, (Horn Newt by Loaasst Utud Wtre.) iew lorn.. March 20. stocks were dull aflj barely steady today through put the session. Announcement that the steel trust might close 16 blast furnaces at Ensley had but little ef fect on prices, because .the trust la adding more capacity at Gary than' It will close down at Ensley and the new capacity Is more profitable per ton. Re vival of the old rumor that Rock Island preferred would pay a dividend this summer was met "with official denial. Dividend Increases are not popular ust now. The general news was sllght- y bearish but no decided stand wu taken on either aide of tha market v leading Interests. Pool managers con tented themselves with normal opera tions. A renort from Beleradn early settlement of the Balkan trouhlen also failed to affect the market. The local" traction" sha res were heavy "with tha exception of Brooklyn Ran Id Tran sit. Highly speculative Interests are full of the Idea that the steel trust is clos ing tha Ensley mills in a foolish at tempt to friehten coneress into mmn modification of the tarfff bill. Aa a agement of fast that steel trust manage ment tm too intelligent to invite the crit icism such a course would naturally attract. The southern mills are to" be closed, partly because orders that are In the hands of the trust can hn flllnrl to their advantage at the modern plant at Gary. The Independents have noth ing oetter than those of the Tennessen Coal ft Iron company. The steel trust doesn't care what l done with the tariff because! If will an come out of the wages of the work men anyhow, and the trust will be hio-- ger after a few Independents have been wvereiy crippled by the tariff, llgent observers are paying no iiuii to taut mat tne steel trust Melons in closlne ita mills. The Is adding more capacity at Garv thnn it will cut off In Alabama. Intel- y attends 1 is nijr e trust- Hop shorts are ix rad position and can't move The hop situation Is rather mixed at this time. Short sellers are on- a fence and scarcely know which wav to twlKt. They do not want to pay above 7o a pound just now for the best good, but cannot get it at this price and they realize that unless more encouragement Is given growers they will not produce a big crop this season. There was but llttlu btiHlnen olthen in contracts or spot goods during the week. fcat-W high- ' Eastern Livestock Markets Chicago, March 20. Hogs. 10,000 tie, mo, Biieep, iuou. nogs are luc tile er; left over yesterday, 5700; receipt year ago, 15,000. Mixed, 36.40'" 3 80 heavy, $6.606.85; rough, $6.40ffTt5; light, $6.406.70. Cattle and sheep steady. Kansas City, March 20. Hogs, 4000: cattle, 200; sheep. 100. Omaha, March 20. Hogs, 6000; cat tle, 100: sheep 1000. According to latest advices re ceived by The Journal from corres pondents, from millers and grain buyers, the outlook for the coming crop of wheat continues favorable in 11 sections. So much moisture has fallen in the interior already that there is now little fear of any short age during the coming summer. In fall wheat will amount to about 20, 000, while in the neighborhood of 6000 acres are sowed to spring wheat. Re ports from various sections of the country place the depth of moisture in the ground at from 30 Inches to rive reet. . An extensive farming district Is open ing up around Coeur d'Alene, Idaho, ana tne cnances ror eood rrems are reported to De excellent Nearly all the frost is out of the ' ground and ?prmg piowmg is wen lundor wav. A better crop Is assured in the winter wneat man mat of last season. Much new land has been cleared and is being prepared for seeding to spring wneat, as me iarmers are assured that a vast- acreage will be placed under tne irrigation ditch this year, that was not suppnea pecause or incompleted ditches last year. Large areas of oats are oeing sown. COULD NOT ORDER BETTER ACREAGE INCREASE GREAT c. 17 it 11 ft L 't ft . T a i . do CM W. t. Telegraph.! St I Wis. Cent., c . . .! 41V do rfd .. wheeling WtiBghFU I tar- tVi;.pr Third Avenue Cons Gas . . R'g ryr fit. ten. ... - T-M . .i vn i us j :v J i:l 17 t 4 MS M i" t " ti i 41 4 . . lit ...I I... 1 T S: Ji m m i 44 45 Total )-, Jli. alkareT" f it I? 71 i 44 44 j 'IS Some Producer Even Eliminate Summer Fallow Because of Price. Spokane, Wash., March 20. Eager in desire to Increase their grain acre age and take advantage of the high i prices, many of the farmers in he virinttv of lewlston Idaho, and much of the farming belts adjacent Spokane are practically eliminating the customary aummerf allowing. Farra- sases, as a result are raising hands or warning ani tne land narona espe cially, are making a clamor against It because, as they declare. It will dK-rease the value of the land for the produc tion of the 1)10 grain crop. In such district, the farmers seem as a body to be ruled by the spirit of -gamer wnne tne harvest Is oa and everything will be sacrificed to grain raising this year, because of the iur- nr or hlgn pricea rsually the suc cessful farmers sd wheat in the fall l.pon Kumroerfallow land and barley rn the prlr., bat- this season, hay. mm merfallow and n-early evrrTtMag els Is forgotten In the mad deaire to grow barley, finrf m to tooktng for ward to the edleg on for !! and the land owners, who are renting their land to some of the faraners who hare tbe mania are wondering where the farmers expevrt te sow their crope it falL Vk Inter wheat la the Big Bend. Rattls snake aivd Horn !iaren covntrte Bvr looked better than at tha rnt tim and with te aid f rrsMMial warm' rains of the lat few wes wln 'fl mh'mt has crred the fcrovs, niil 1d Hh nM f irm It ts tlmtMi that appeoifMlely II rrm e( l4 In t ltr t4... .nlrr Hum msn Xo fall wheat ary, itm arg vd lbs tun;! t' fUtUftak Weather Conditions Best in Walla Walla Country Crop Is Fine. Walla Walla. March" 20. Prospects for a bumper wheat crop could not be better had the farmers themselves or dered the weather. From the break of winter to the present time the climatic conditions have been perfect for wheat growing and there Is every prospect of the largest crop the country has ever known. And with it, the prospect of the greatest prosperity the valley has ever hud. Waxm weather, with showers, hns characterised the week. Although the showers have been few ther hsvk " l""B wnen mejr ritted In Just rieht ul rmnrajt since the rirst ot the year is nearly two Inches and mo urain can stand a period of dry ."1..hf,- to do BO- For the dry season Is still far awar and rood rln . w. P'tcd for months to come. But It . an almost unprecedented amount of dry weather to hurt the crops now. Spring work Is going along nlclv. Farmers are rushing work on spring HWln.r "nd fr?m iI apperanees the than tttt of any preceding year. Bar-i ley and oats will suffer for wheat this ear- The answer Is easy. For grain buyers are in tne valley trying to contract nun vears crop at fi a bushel. This, of course, is for No. 1 bluestem wheat. but It is an unprecedented offer and one wnicn at rirst glance would seem to be one which farmers would quickly uy. nui mey are not contract inKi.toT theY helleve that if buyers are willing to risk that much on it that me indications are good for a better 1 jriuw. . Tt prospects are good and from indications a more than average crop will be picked. The nights are just tyiu "Tinougn iu neep tne Duns back In I nice snane. and the wenthoi hi . I ha" not forced the fruit unduly. Smudges " " iicmjr unea vy rarmers to pro tect their orchards this year. Tar,- wet straw and everything that will make a I urn.vy aiiiose will oe Used Tor thin nnr- pose. Many of the mors up to date nays an ajarm contiAi.tAH with i a thermometer, so that as the mercury reaches the danger point the farmer ib uuLiiiea di inn roin arm nan ..i ,1n i ... v.i. ... ,- - " 1 Altogether, with the great wheat pros pects, Dotn as to yield and price, with the excellent fruit indications, the build ing, railroad construction and Immigra tion. Walla Walla bids fair to have her most prosperous year. WHEAT LAND REXT HIGH Savings Bank Depositors And others having from one hundred dollars up which they desire to produce an income in proportion to the earning power of money in the northwest should consult me about the investments I have to, offer. CALL OR WRITE T. S. McGRATH LUMBER EXCHANGE BUILDING PORTLAND, OREGON A 10 Per Acre for Summer Fallow Crop Obtained at Athena, Or, (Special Dtepatcs to Tb J oar nil. Pendleton, March 80. Word has been received that Mrs. Isabella Taylor has renieo ner wneat rarm near the ton of Athena In the northeastern part of the county for a cash rental of $10 per acre per summer fallow crop. The lease an theso terms is to cover a period of six years. This is one of the i raising sections or the coun ty and even of tha northwest, and while 'his price seems to presume a great ... " ' " " ' im continued produc tivity of tha land, the records of the past years prove that It Is a good In vestment even at thia wmlnW iMMtail nrlM I . - 1 DFClttCIf T. !. j n. . Mctirm mmrrn T. k.V. V.Tu. . .i r.ts .wrwiia. u is ourioic, never cracks, makes no not . twin ma mi re-i I Bitulithic Pavement Brings Satfsfaction And Enhances the Value of Abutting; Property More Than Any Other Pavement (Continued on Page Eleven.) ise or rumble frorrKa II re. it gives a cur 4 5 SPECIAL NOTICE ToTinaers and Cccnlir licrttianft 9 Ship sit anything anrj eTerythifig, and; we will fty yo S M , . TOP market prices. J Hens and Spring;, alir...14s) Dressed ........... ......16s 5 tv 1.130 lbs s Lrce Vea!........r to Byif m Porlc.sysixe Syif Erss4t market price. . t ... For. Potes we pay f 1.25 per sack. SH fcTerrtaiPf mnst be of extra rd qtulitr and all remituneea nil be made promptly. No commissions charged. jj People's Alnrket & Grocery Co. ffiB . VICtT awn TltTt . -M . H . ...w tnitjn. 914, KOKTLATiU.- OR. passing vehicles, collects no dust or mud. Furthermore, foothold for horses. Automobile will not skid. Warren Construction-Co. 317 BECK BLDG, PORTLAND. OR. - - - - - - Overbeck fie Cooke Co. Commission Merchants, Stocks, Bonds, Cotton, Grain, Etc 216-217 BOARD Or TRADE BUILDINO Members Chic to Board of Trade, Correspondents cf Logan 4 Bryaa, . vuato, ntw I OTg. BOWIOTL - We havs tha only private wire connecting Portland with tha carter - exchanges. . rewkars vwrtlaaa Boart f iuKtriiiriTTTrgrTTxrxxsrrrxirrxrz-xxxSTra S I