10 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
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W. t. Telegraph.! St I
Wis. Cent., c . . .! 41V
do rfd ..
wheeling
WtiBghFU
I tar- tVi;.pr
Third Avenue
Cons Gas . .
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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
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