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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 4, 1910)
, . ,. r . ? f 5 . V, ' ; - w . i w U i 1 iij, J. .- .......... 4 , V ' 1 Hcvicw o2 Ilia vycia'o TraCc 1 i 4 "" if !! 1? t -v 41 It ij 12 fi ll 4 HUE ilOGH MARKET OF WEEK SHOWS A BOOST TO PRICES Hogs Move Up to $10.35 and Good Steers Find Ready Buyers at $5.25; Outlook for Future Is Excellent. XJvestock tor Tore Tsars. ' , e Following prices are thOM 1 effect yesterday, and t of the nmt day a year and two year ago;- .vl.'M v ;,'y , r'l,4 1810. 180T. 1908. Steers I 5.25 $4.80 $4.00 Cows 4.(5 S.60 2.75 Wsthsrs .... 4.16 4.00 $.60 JLamba '..... 6.75 5.59 4.25 e Calves ...... 7.00 S.B0 . 4.60 Hofs 10.55 5.75 100 e ' PORTLAND LIVESTOCK RUN. Weele. j - Hogs. Cattle. Sheep. Aurust I ........ 1185 788 J200 September S7 .... 878 . 1517 4398 September 20 .... 784 4 J59J ... ;y f September 18 .... 988 174$ - 8691 September .... 1828 18JI 8220 Portland Union Stockyards, North ewtlanil Or Sent. 1. The first fall month' opened with a showing- strength In all lines of livestock. During- the past week the- situation strentrthetied for hogs, cattle, calves and sheep and in , znoat pens prtoes were Advances of note dnrtns; ths . week ! were the rises !n swine, which put hops np to 810.35; the advance in steers to 85.26. cows to 14.65, and in Sheep 10c for quality. t Why Hog in Wjrlr. The advance In bora, which, amount d to S5o within single day cam In eonsequenca of . the advanced prices at Bcuth Omaha and other eastern cen ters and the greater call from local people. While the receipts of hogs In the yards durlngs tha week wera great er than during the proceeding alx days, far the greater portion of the arrivals came from Nebraska and did not enter the trade at all. The shipments were sold prior to arrival here, being con tracted before they left Nebraska. . That tha situation In the . local hog market tends toward still higher prices, even the most pessimistic have ...n fnrr-Ail to acknowledge. 1 While -taere-hes been at actual Increase in hog production in tne racirw normweat ' during the past year, the Increased out put has MiMim nearlv as ereet as expected and has Dot kept pace with tne greater population cauieu uyuu , vv feed. . ... x I'- At the present time the local nog mar ket is on a parity wltb quotations at Boutta Omaha and other eastern cen ters. Therefore It stands to --reaaon that unless there is a wide decline there or enormous supplies offering here, the prtce of hogs should be advanced in the North- Portland yards whenever suita ble Quality la onenng. Cattle Quality Is Soaroa, - ' All the bi packers are this year f ed- lug raw-cattle than ever before. This, is the seat possible situation that shlp- Fers could, wish for. With buyers as reders, the latter will be . inclined strongly to hold up, the price of stock or perhaps rive it a good upward boost. This is only natural In view of the fact that a wiyer would like to get as ' much for his stuff as possible. . .With hay scarce and extremely Mgh at interior, Oregon; Idaho and Montana points, feeding operations are not near ly so great as expected. Recently more cattle from Montana were dumped upon the Chicago market in a very poor con dltlon than ever before. This . waa due to tha scarcity of , range and hay. There promises to be an unusual scarcity of calves later In the season and even now the dressed meat market for this product Is the highest ; ever known in lids city.U,'; ;h ..?! .;..!; ; gkee-p icsjrkst Holding "Well. - 'Values in the -sheep and lamb mar ket are holding .very well. . Prices on wethers are practically 10c higher for the week, although no sales were shown above 84.15. - This was -due to lack of quality and not to any higher price oiferlngs for quality. . There was no 1 1 c f or i Dressed v Veal Smith, pays it, and he will pay . J - 12e) for Dressed fork. ' 16 for Uve Chickens. 25edos. for Fresh Kggs. Smith does not charge commission You get ALL, your money , when you ship to Smith. ; .Address , , k , rSASX Ik, 8KZTK CO, righting the Seat Trust,'" - Portland, Oregon. - fMes Good Streets Property owners who "have paid for. it know about this. Ask Them ; About THE DIG 4 CALIFORNIA OIL PUBLICATIONS lMonth'y Journal ''California OH Ista lie iitalifc ; rield." Oil Booklet, "Questions and Answers About Cslifornla Oil." 3Map showing all the California Oil fields. 4 yreclal Map Ventura County Field. California Oil Stocks are paying d!vlT dends over $1,000,000.00 a month. One rer cent a month is the average dividend l aid. Everybody should know about this wonderful Industry. , ....,. You are under no obligations to us when you send for these big four oil pub lications free. Our object is to advePtise , i1 ,1-CL wpciJLtha woBdarfui.iBaum4e t. Ca.uurita iisnt to investors. PLMITO PMH OREGMl " HOP SmnDtlRDfllLS By Hynuut H. Cohen. The 1810 hop harvest la well1 under way In Oregon and returns received are just about as has been recently fore cast The crop la Quite aa average one although at this time It cannot be stated with any degree of accuracy Just bow many bales will be dried. The 1110 hop season promises to pe full of Interest to growers and dealers as well as brewers for during the season the strength of the various faotlons will be tested to the quick, i; Constdering conditions It cannot be denied from snv source that tha orloe of hops should be higher than at present ; and several more cents could aafely be added to the market here before the local prloa would hare reached a height wherein It. would be out of a parity with other well-eatabllshsd bop-producing sections of tba world. - wuere aespoaaiBUitjr was. : -SesDOnslbUltv of tba extreme low values that ruled In tha hop market last season after business really . started, lies at tha door of tha boosting dealers. Those Interests who have held huge contracts at low prloes for several sea sons, nave sent out misutiormstion so much from the Pacific north weat re garding tha bop market and crop con ditions that' the buyers en the outside have begun to take all reports from both Oregon and Washington with a number of grains of salt During tna past inrea seasons tnese Interests underestimated tha hop crop from 10 to 60,000 bales and now their estimates bear no weight at all among those whose business calls them Into the hop market ' s." - Artificially Boosted, moes Hun. -Tt la e-enerallv a r reed among hop In terests that higher values would save been obtained by nop growers last sea son had not the bull leaders placed arti ficial values upon the product and from time to time, save cut ao much misin formation regarding the sales and prices rocnivAiL It was no secret amorte hop dealers that thesebull leaders reported their purchases at a price several cents above what-was actually paid on various occasions and when a ten-bale lot tuirait it n it was made to reach 800. - If all tha hops reported change In the lamb situation so far as prices was concerned and sales eon- unuea auring uie ween up w tv.iu v. best : t - ' Past week's run pt livestock com pares with the same period In recent years as Hows; '54.. , -,; XIOKW. V(IU OUDOP, 1810 1(08 1808 107 10 life : 9lf . . 84 i 1788 1408 . 678 874 881 616 . 785 2188 46$ $40 1888 1806 A year ago for this same week there waa a firm tone m au lines oi live stock, with most values higher. : Week's Offioial Suslness. Following are official . transactions. They represent demand, supplies and quality offering: -" ; At. lbs. Price. . $5.00 6.25 18 steers ...... ....... 107s 84 steers 1H4 12 steers ...............1147 4 steers ......1086 1 steer ...1040 133 Steers ........ i...... 1160 26 steers ...............1148 1$ steers ............ ...1045' ' . BULLS. 1 bull . . . ... ...... ..1580 f. 1 bull ..i.K.....,..1800 - 1 bull ..................15(10 1 bull .1190 2 bulls ..1210 1 bull ................. 1460- 2 bulls ....... ,...,....1290 ; 8 bulls ................1303, 14 bulls , 111$ 6 bulls ; ........1075 . CALVES. . . 104 calves 14$ 80 calvea ............... 815 '22 calves 286 ;-v... .COW8. iV 14 COWS . i , .. .,... . 84$ e 1 cow ' '....... 1670 $ oows ',.... .'V $23 . 16 towi ......... ..?.. 817 . C cows ............... 1021 2 cows,...."..........'. 980 $ cows ............... 875 ... :. BOOS. . 22 hogs ...... .4. 189 - 4.75 4.00 4.60 $.00 4.25 4.26 $3.60 .. 4.00 $.75 , $.60 $.60 $.60 $.76 8.60 8.86 8.00 $6.75 $.00 8.00 $4.00 465 4.00 3.75 4.00 4.25 $.60 $18.86 10.00 10.85 20.00 if $5.69 5.00 6.00 4.60 $.60 4.15 . 64 hogs ............... 200 71 hogs zi ; 94 hogs i. i. 208 - J,a .v ';.. fmiBK9 ' AtKtt LAMBS. 190 iambs i... ........ i: 70 104 lambs .....'....... 60 tl lambs ............... ; - 78 lambs-sheep ......... 48 ewes 112 518 wethers .... 88 nfftrtal ranira of livestock values as shown by actual sales: .. . " CATTUfi Best uregoa steers, st.zo; ( .......... , K An common steers, 4.004.75; cows, best $4.1094.10; fancy, I4.004.10; poor, $3.2lj heifers, $4.26; bulls, 8J.00C3.75; stags, $8,769 4.25. v . HOGS Best east or tne mountains, $10.35; fancy, $10.00910.25; Stocksrs and feeders, $8.00. SHEEP Best east of the mountains, wethers, $4.1604.26; old wethers, $4.00; spring lambs, Willamette valley, $6.00 $.26; eastern Washington, $5.75 ewes. f3.0&3,60. ; ' . ... CALVES uest, .(oi.vi; ordinary, $6.60; poor, $4.0006.00. (Special Dlipat te The JoorniU Astoria. Or.. Sent $. The Astoria cro- rcotlon committee of the Chamber of Commerce dosed negotiations this morning with Nelfl Enpe, a prominent Minneapolis flouring mill man, for the erection or a too- parrel miu in tnis city on the water front site donated oy tne xayjor eiiata, woo nave large nrODertv Interests here. The site Is valued at $10,000 and by a popular stock subscription pian tne poopie are to sun scribe half and Enge purchases the other haJf of the stock and will man age the concern. SO. OMAHA HOGS TEN CENTS HIGHER South Omaha, Neb.. Sept $ Cattle- Receipts si; market unchanged; steers. li.ZvW&vU; cows ana neuere, it.Dogp 6.60. -V- & '- v - Hoes Receipts 8800: market lo higher; bulk of sales 38.80O9.86. - neep Keeeipts boo; marKel un changed; yearlings, 36.0005.40; weth ers, $4.20 4.40; lambs, $6.6006.66: e . weekly Crop Seport, - e Harvesting is almost complet ed In most sections of the Paclfio northwest, but in a few locations operations are strung out for a longer period than usual, owing to the scarcity of machines. In the sections completed all is In readiness for fall work, and In few locations plowing has start ed. There was a rainfall in the VanaJYjai,auatty-durlng t week, and this started fall work ASTORIA GETS MILL; 500 BARE PLANT e) there, sold to these bull Interests In Oregon last season would nave been actually traded in. the totals would have reached figures several times the production of all centers in the world during the year. It was such work S this that has caused eastern, dealers to fight sby of Oregon hops. , Picking- Bugaboo la Hot Allre. To cover up their own bad work dur- the past two seasons some-of the bulls (who are bulls when they have plenty of contracts at low prices only) have causes to be circulated stories that Ore gon grown hops are the poorest picked in the world. Such talk as this has done untold injury to the industry of the state and la said to have been further agitated by certain Interests so as to make Washington yards the standard for the coast Few of these hop bulls realty have any Interests in Oregon out side of their low-priced contracts. It is true that Oregon hops have not1 been picked, with the utmost caution during the past two seasons but this la due; not to-any desire of producers to hurt tne industry, cut to the low. priced, contracts at which producers i couia not Harvest tnsir crop in tne proper way and' come; out even at the end of the season. The same waa true elsewhere. It Is therefore the low priced contract held by these bull In terests that Is in a measure responsible lor the bad picking that tnese outside dealers complain so much about This season there is likely to be much bet ter picking because a large per cent of tha contraots have run out and on the basis of decent prices for their product growers will see that harvest operations are carried on so that the attempt of bulls to make Washington hope standard lor tne coast win ran. Oregon Sops Country's Beet,' ' Experts have declared right alone- that the Quality of Oregon-grown hops is uis neat a me enure country ana Dy many were used with success in the place of foreign hops. Discrimination against Oregon hops "has been carried on for a number of seasons by Inter ests that were foreign to the Willamette valley and frequent reports of honey dew and vermin were sent ut In the campaign to place the product af aUi I sections above those of Oregon, RAINFALL i mSMHA By Edward A. Baals. United States Forecast Official. -The following figures are official re ports of the rainfall at the various sta tions In the Paclfio northwest for the periods mentioned. The total precipita tion from January I, 1810, to August 1. lio. was 7.8$ Inches, while during 1909 crops are being gathered under jnoit fa fur a like peilod the ralafal! wasTOTpefabTenreToaraM tfieTiarvestrng of the Inches. No report has been received to date regarding August rainfall, but it was probably about the same as tar August, 1909. The rainfall was distrlb. uted aa follows: 1909. .Bo,"9rr5nu,7 4-83! hruary, 1.9$j March, 0.64L April. 0.16; May. 1.00; June. .78; July, 0.0f; Auguat O.Ot Inch. Lewiston January, 1.31; February, 0.86; March. 1.02; AprlL 0.7l; May. Ui June, 0.48; July, 2.68; August, Trace. opoKane January, s.io; February, 1.96; March. 0.12: Anril 0.44: Milv. l si June, 1.08 July, 2.8?; August 0.01 Inch. Walla walla January, 2.27; Febru ary, 8.48; March 8.03; ApriL 1.09; May, 0.80; June, 0.69; July, 1.21; August 0.01 Inch. , - . .... . : . . Pendleton January, - $.82: February, 1.59; March, 0.69; AprU, 0.67; May. 0.61; June, 0.28; July, 0.65; August, 0.00. . Average January. 2.77; February, 1.76; . March. 0.90; April, 0.62: May, L05 June, 0.65: July. L81; August OJl Inch. .Sprlnr Months Total, 2.57. - - 1910. Boise January, L5 5; February, $.00; March, 0 83: April, 110; May, Lit; June, 0.80; July, Trace. . Lewiston January, 1.11: February, 1.27; March. 1.66; April, 1.84; May, L87 Jun 0.61; July. 0.10 Inch. Spokane January, 1.28; February, 1.68; March. 0.78; April, 1.82; May, 0.88 June, 0.21: July, 0.6$ Inch. ' Walla Walla January, 3.4$; - Febru ary, 2.73; March, 1.65; April, 1.47; May, 1.40; June, 0.63; July, Trace, . Pendleton January, 1.83; February, 1.60; March, 0.92; April. 1.04; May, 1.8 ; June, 4.68; July, 0.01 inch. Average January, 1.64; February, 1.84; March. 1.16; April, 1.2S; May, 1.83; June, 0.47; July, 0.16 Inch. x Spring Months Total, $.74. - ; Br flyman II. Cohen. ' .Tha crops of 1919 are either being gatnerea or nave aireaay neen narvest ed, and from every point of view the crops were far more liberal than ex- ? acted and In practically every instance' he quality was the very best that the raciria northwest has ever given iortn. There has been considerable talk of the enormous shortage In the rainfall In the Paclfio northwest the past sea son, but official figures given above and fatnerea py Kawara a. ueaie, unitea t&tes forecast official at Portland. dearly shows that the deficiency was not nearly as great as expected. There were many curious climatic conditions to be compared between the ?ast season ana tne previous one. For n stance, the total rainfall from Janu ary 1, 1810 to August 1 reached 7.85 Inches In the wheat belts of the three states, 'while a year ago for the very same period the precipitation amounted to 9.06 Inches. Therefore for the period there was a deficiency in rainfall this year of 1.20 Inches. Sew the Katnfall Stoatterea. For Instance, the showers during the present spring were unusually heavy and during the period there was a total precipitation of $.74 Inches, A year ago for the same months there was a rainfall touting $.67 inches. This gave the present spring 1.17 Inches more rainfall than last spring. July, 1909, was a month of heavy pre cipitation and that accounted for the savings of several million bushels of the wheat crop last seasui. In July, 1909, the total rainfall, was! 1.81 inches, but this year the fall was ).ut 0.16 inch, or 1.16 inches less than fir the same period last season. A rainfall this sea son such as fell last July would have given the present season a fall within 5.06 Inch than fell from January 1, 1309, to August 1 of the same year, July Bains Generally opportune. Bains that fall during the month of July are generally opportune and are of great aid to the growing crops and especially spring wheat . There is not the slightest doubt but that this year's crop of wheat in the Paclfio northwest would have run in excees of 60,000,000 bushels had rain fallen during July similar to during the previous year. - No official data has thus far been Somplled covering the rainfall during ORAIIJ TELE ; The success of a farm depends upon its drainage! Successful drainage is accomplished through DRAIN TILE. The cost of DRAIN TILE is very small, while the increase of the productiveness of the soil is remarkably large. Why not qsethe method that will give you the best returns for your money. ' , Write forirefr booklet -em - - tiaes - LAIMGE ' BULLOCK, Inc. . ,601 Beck Building, Portland . ,. . nosiiraiET U TUESDAY Absence of Session Today Leaves Trade In Dark; T. ' R. as a Bear Factor. By R&Iph Emerson. ; (Publisher' frM LcaaM Win.1 New York. Sept 8 There was no session of the stock exchange today and there will be none on Monday and from -the operations -during - the pres ent week ending yesterday it Is dif ficult to predict what the market will show when it opens on Tuesday after the holiday. This week the market was one of continual dullness and heav iness with occasional rallies or dropt which were Tiot sufficiently large to be of importance, v- The trend of development this week likewise were of little lmportanoa It was predicted before . Colonel Theodore Roosevelt started his western tour that some of his utterances might be util ised by - the bear crowd, but ' whether Colonel Roosevelt's sepeches have not annoyed Wall street or whether they were not of the sensational caliber ex pected, . It is evident ; that they have played no part in the Week's market New York banks lost nearly $11,000, 000 to all quarters during the present week. New York banks shipped $258,000 more currency than was received from the Interior, while the banks lost $809. 000 to the United States sub-treasury. To' this loss must be added $1000,000 shipped gold to Canada. , - ;., i v-f ; iVi ' Picker Aw Scare. ' Bellas, Or Sept $ Dallas la now In the midst of a busy bop picking sea son. Several growers started harvest ing their crops a few days ago. Others will start during the coming week. . Considerable trouble . is being expe rienced In employing pickers, as the f rune season begins so near that of he hops. No sales are reported of late. August, 1910,- but according to govern ment offioials from aa unofficial esti mate, the precipitation was about the same as a year ago for the same month. Weather conditions, outside of the precipitation, oould scarcely be im proved during the oast season. Fruit crops show their greatest output; grain nop crop is oeing attended dt weather as good aa could be ordered even by growers themselves. ; RAINS HELP HARVEST Lone Drought of 77 Days Broken at WalU AValJa Holding AVheat. i (Special Dispatch to The Journal! V ' walla Walla, Sept $. Eleven hun dredths of an Inch of rain, falllnr Wed nesday night, broke the long drought of 77 days, the longest on record in the local weather office, and the harvest conditions are consequently1 much im proved. Operations were delayed but a day; and with the clear weather that followed, were resumed with more vigor than over. Another week will see most of the grain In the valley threshed. Upper Eureka flat will probably be the last part of , the valley to finish harvest this year. Tha perfect harvest weather' aided them, however, and tha fastest time ever made in the harvest field was probably done this season. . There was little' trading In the local wheat market during the week. Farm ers are loathe to part with their grain on the basis of 80 cents f, o. b. for club, and exporters have done little In the Walla Walla vaUey this week. They claim they cannot buy at the prevailing figure with any margin of profit There is little indication that this' will be changed, - either,., for farmers say they will hold for better brloua. The heavy selling during; the first weeks of har vest relieved the money pressure, and the farmers seemed to have sold all that they need to for the present President H. H. MoLean of the looal Farmers' union Is optlmlstio over the future of the grain market here, and his opinion will go-a long way In shap ing the course of the farmers In selling their grain. He believes that the prices will bs better in the future. . The rain of this week had a most beneficial effeot upon late fruit and was not heavy enough to do much dam age to the soft fruits now being har vested. There .is still a dearth of har vesters In the orchards of the valley, and many tons of prunes will go to waste through the Inability ot orchard is ts to ret help to pick them. The end of the wheat harvest hss helped slijrhtly in this, but it has been only slightly, for the harvest hands in the main do not care to work In the orchards. Liverpool Wheat Market. ' Liverpool, Sept , $. Wheat Closed J4d up to ia down. , , . . , October ................ ,.;...7s. T d. December , .'. . In.- 7 d March .....7s. 8t?d! Overbeck & Cooke Go, Commission' Merchant i v Stocks, Bonds Cotton, Grain, ts. 216-317 Board of Trade Bu'dcJlnj 8f ambers Chfeage Boers, eff Trea Correspondents of Less a Bryeo, Chicago, New Tors. Bastes. . , " .' ' ' ',)' ..V . ' J' r We have the only private . wtr ' connecting Portland vita tha ' aastera . esehaetea Trf DRAIN "TT SNIPPERS GUIATEPUL? 1 ' mnmRsmmjEPam By Ilymaji H. Cohen. According to the laws of Oregon; the commission merchant and the producers are business partners. Therefore, each should be Interested In the success of their mutual business the growing and marketing of the best produce possible. Recently attention waa called in these columns to the lack' of Interest among some commission handlers regarding the arowlnir of additional Droduota bv local people, although everyone has agreed that lu certain lines expansion waa ab solutely necessary. ; V'We are treating the shipper far bet ter than he treats us." is the wav one prominent commission handler placed tne blame ror the present condition. "If he would look to our Interest once In a while," continued the merchant. "It is more than likely that we would do more to further, his sldaV ; , ; ; .Are Shippers, aratafulf,- , Anions the oommlsslon trade the Idea prevails that less than one shipper in ten Is grateful for the work of sellers, and that he will quit shipping to one firm and go to another under the slight est pretext -..'. ;......' This, areue the eomfnlimlnn rtandUra themselves, is perfectly legitimate -as tar as It goes, out on the Other hand they say they should be entitled, to purchase supplies elsewhere when they are able to do better. That's- the rub. Cooperation between producer and commission handler is ab solutely neoeesary m order to further the financial welfare of both. Many a time (and this statement might cause smiles from those who do not know), I have Been commission handlers return 60o a box for tomatoes when they actu ally did not receive within 10o of that amount The greater sum was allowed simply because the commission handler wanted to please that particular ehlp- Jier and dug down Into his Jeans to do t I have known of shippers who have actuallyqult shipping to certain firms because of alleged-poor returns when the oommlsslon handler had forwarded a greater amount, even after deducting his commission, than the goods had been sold for. : .. ' i f - I have known oommlsslon -handlers to worry themselves over a shipment of poor quality and make every effort to unload at the best possible advantage, only to receive a eurt message from the shipper that he must have stolen half of the money received for the goods., Expeot Toe axnon. for Trash. With the shipper of good quality this article has nothing to do. It is the one who always sends poor quality to market that nag complaints generally to offer aa to tha amount received. Good quality Is wanted practically at all times, ana in au lines, and at all places. FIRST MORTGAGE mEJXBQNDS Olds, Wortmah '& King.Biuldkg- . - j) yr.-i ? r-E- . 1 '. : .. Dated Aprill, 1909. Due Serially April 1, 1916, to April 1, 1934. V " Running rom 6 years to. 24 years. . , Coupon Bonds, Denominations 81000, 8500,8100 Principal and semi-annual interest payable in Portland. Oregon, at the office of Merchants Savings & Trust Company, Trustee, or in NeV,York at the office of The Trustee Securities Company. " v -V: ' .'", . security;-.' S... This bond issue is secured t by closed First . Mortgage, covering the Olds, Wortman & King building and leasehold, made to Merchants Savings & Trust Company, of Portland. The value oftthe security is fully 3. times the amount of the bonds. Over 30 years of success oi Olds, Wortman & King in Port- " land are back of these bonds. - .7 . ' ' ' The . property consists of a modern steel fireproof building, covering an en- -: tire block in the heart of PpVtland,' fronting' 200 feet, on Morrison,. 200, feet . on Tenth, 200 feet on Alder and 200 feet on'West Park streets, five stores and basement, built and equipped specially; for Olds, .Wortman & King's perman ent use. They have made provision so that they can add five more stories to take care of their expanding business and already feel the need of more, room. We purchased all of , these bonds and have sold over $300,000 of them to leading banks of Portland and bankers of other cities throughout the states of Oregon and Washington and to many individual investors. We own and of fer the unsold balance at price to net about 6 per cent. .'There is a, generous premium provision in connection with the prepayment of these bonds that makes them an especially.attractive investment., Copy of mortgage and full detailed' information will be furnished upon application to any; of our offices. -x - . We have handled over six million dollars of bonds secured on business . property in the past six years. These we recommend equal to anything we-. ; ever purchased. We handle bonds that we purchase outright only. - ' rrr " --it Subscriptions for these bonds will be received subject to payment at the , ' '.. investor's convenience any time during September or October,- Make appli- f cation to any of the following: .' r, " . ' -,'"? , , , ' 1Tif$ TfH sffA BAmran B. UV - Si iww WUI.IJSMI w VA JUUW AIIKVISV, The Trustee Beoarltles Company, Hew York City." H1 tfleeM nS CnH.. m mm .S r Sv This brines excellent values, and It Is a pleasure for commission men to handle such accounts. ' For instance, a certain shipper of country creamery butter ships supplied to this market only when he can find no market elsewhere. At that time this market is generally well filled and the result Is tnat brands, unknown to the f;eneral trade receive a lower price (than ts quality entitles it to. This is the fault of the shipper himself, and If he would establish his brands here and keep them established, no trouble would be experienced in securing him the top price for his goods, providing they have the quality. ... . ' ' . v f Must Supply Their Trade. r ', 'Attention has been called In these re- F torts. on numerous occasions as to the mportlng of outside supplies when there was" plenty of local growth. It happens, however, that at pertain pe riods of, the season, in almost every line of produce, farmers hold back their shipments because they expect a higher price. Because of this commission handlers are frequently -forced to send to- outside points for stocks to fill their trade. The result Is generally that when -these supplies arrive, the farmer gets soared and begins to offer. Everyone ts filled up with foreign goods that were ordered and paid for when no local sup ply was available., Naturally, merchants want to get their money out of this, and refuse to buy others until the Im ported stock Is disposed of. ; This applies to cabbages, potatoes, onions, apples, hay, oata. barley and. In fact, all lines of produce at certain seasons. Orders must be filled, and merchants must obtain their goods else where if local interests wont sell SELL AT LOWER PRICE (BpUf Dispatch to The Journal. J .- Boston,. Sept $. Boston, wool mer chants report no material Improvement in conditions, business the past, week being ot very small volume and most ly unimportant transactions. Dealers are unwilling to make concessions and refuse . to make offers on consigned wools. Either manufacturers must ad vance their limits or growers must re duce theirs. It looks now as if the latter would stick. Soma dealers looked upon the large bulk of consigned wools as a menace, but the week's exeprience r - -7-' '.- CONSIGNED WOOL MAY 'heJTrasteCompany;of-Poriland M . I'llBTIIHEIIT IS HEAVY DURING HE PAST WEEK Heavy Sales Reported Early at Walla Walla and Pendleton; . Rains Start Fall Work at In terior Points. Vv " V:V VVi-Vvi: Heavy Purchases f Wheat. . While at the close of the week, trad ing was limited In the Paclfio northwest wheat markets, considerable movemnt was shown at Interior points during the first days. - - 7 Generally speaking, the price of wheat has -held. ather well both here and at Interior points. '"Farmers have been selling some of their growth but are retaining, liberal supplies for specu lative purposes. , Weakness developed in the oats mar ket here . during the week and prices were out about 11 a ton by buyers al-1 though producers were not. inclined at the moment to accept the Quotations offered. Few dealers are now offering above 328 for No. 1 white although most transactions during the week were around $28.60028.00 a ton.- There was scarcely any movement of barley dtfring the week. Owing to the big crop in California, the south has been offering barley to the trade here at about 81.50 less than local growers were receiving. This, therefore stopped buying on the latter account The heaviness of the barley market affected somewhat the oats market. Hay advanced from $1.00 to $2.00 a ton during the week. This was for timothy. Both Willamette . valley end . eastern Oregon growths were affected. There was a scarcity of offerings and little surplus timothy On hand In ware rooms here. Grain hays were plenti ful and no change wag shown in prices during the week. ; : - shows v there Is no Immediate reasom for alarm. London Silver Market. London. Sept. 8 Silver. 24 $-161 Journal Want Ads. bring results. tv":. v ..''' . ' It 1 1 A :..- .-.." . .j Offices 2C4-2C5' Henry Building i CXi. I mXcC H Oreroalaa