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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 5, 1911)
.,; THE OREGON SUNDAY JOURNAL,' PORTLAND. SUNDAY ' MORNING. FEBRUARY 8, 1911. IET Review of the World's Trade ol the Past Week CEREAL QUOTATIONS DECREASED OFFERING OF ALL LIVESTOCK ARE SPECULATORS WISE? GENERALLY LOWER Some Gaessttight Occasionally, But Most Are Poor at Forecasting Market Of the Future Some Are Blind and Others Are Overwiso Successful Holders Are Few jm1 Far Between- Fortunes Are Made and Lost. .-"". A . g, . ' . 4 , . Weekly Crop Export.- Spring like weather was the 4 general rule at wheat growing 4 cemers of the Pacific northwest during the early part of the iweek, but lfter there was a 4 '''change, Rnd conditions were 4 much cooler. While recently the 4 4 crep has been making splendid 4 ' A nrocrpps. crowih 1ms born mostly o in the roots. This is one of the best features of the coming crop. , fly Hyman H. Cohen. It has been many a year perhaps since there wan sjjch a great amount of , bay offering at Pacific northwest cen ter t this time of the season. The hay market, with the possible exception m .., .u.. v.. kun nf olnmrish ni- VI VflJ'JUl'! kkai v " -"-nil tnrm Aurina- raeni weens unu wiui in ? Spots was any steadiness apparent C16ver hay and lilfalfa have shown chief weakness with the latter unusually depressed during the past few months. There seems to be two reasons for this, each of equal importance in creating an undertono of weakness and uncertainty. There was a very heavy crop of al falfa bay in all Pacific northwest dis tricts during the past season and there were very good supplies of other hays, with the possible exception of timothy. The la.lter-has been only tn moderate growtH this season and prices have been at a very fair advance ovur other varieties. Speculator Lose Out. IfVas the speculator that created an artificial market for alfalfa hay at the tart of the seasoTi and to him belongs the discredit of ruining the market for the remainder of the year, ai uie siari speculators purchased rather liberal supplies and began to "bull' prices. Values reached a point where it was Impossible for stock raisers -to take hold. The result was that many shipped their stuff out of the territory In a half fat condition simply because they could not afford to pay the price asked for feed. While statisticians disagree as to the exact amount of hay that would have been used by stock feeders were they allowed to purchase alfalfa at reason able figures when the season opened, all . interests are inclined to the opin ion that the amount is staggering. There seems little room to doubt that had the market been allowed to take its own course at the opening -of the sea son, alfalfa would now be quite scarce tOO HDVtNLt btiRKf DURING PAST WEEK The advance In thefprlcs of eggs lo cally during the week was one of the most marked ever seen here at this time of the year. Colder weather with decreasing supplies of fresh ranch were the principal causes, but added to this was the Increasing demand oc casioned by the recent sharp decline In quotations. Eggs advanced from 29o to 860 a dozen In the Front, street trade during the week. The lower price was the recent low level and the higher figure Was,, secured at the end of the week. ' Receivers of local eggs were helped In securing the higher level this week by the sharp advance asked for stor age goods. Slightly higher prices were forced In California and in the Puget sound markets and this was consider able help to the home trade. While eggs advanced, chickens dropped several, notches during th week. - Receipts of chickens were only fair during the past six days, but tha demand was limited owing to the good reserve held by principal retailers, who were therefore Independent of the Front street trade. Fryers were held Intact at 2Ee a sound owing to the small supplies oi these. -.. Ducks touched a new high level at 8O0 a pound for live birds owing to tht demand from the Chinese over thel New -Tear, but later in the week the market "sagged and then dropped sev eral cents. A further decline may be expected by the trade during the 00m tng week. Only a small number of turkeys came forward, but these did not find over anxious buyers. Prices ranged from t6c to 26c- a pound for the dressed birds. Largo sizes were hard to sell. Geese found a good demand along with' ducks, .but prices showed little Change from last week. CHEESE HOLDERS SCABED Few Plants Operating and Therefore j Make of Fresh Is Very Small. "1 Holders of cheese seem to be frieht ned at the slow demand now showing. HARRIMHN SYSTEM GETS GOULD ROADS? By Thomas C. Shotwell. (Br the Intprnitlono! Np sVrTlre.) New York, rb. 4 .- pr--at was the Short Interest in Vv'ail street today that In spite of free liquidating naif the Stock market absorlif-d evir thing, gathered strength n tne session pro- Jressed and closed near the high ,ivic?e9 or the yfnr. Trading wrs ltsu active thahn early In the week Expectation of a good hank statorm-nt had much to do with the a'!van-e. I.rnoklvn Ha phi Transit, American H'-et Sugar airi the copper stocks in genernl wto promi nent In the trading. Tli.- Im.h I market alsct was stronK Rumors were afloat of the acquisi tion of control of the Gould syptem hv a syndicate of banker frlendlv lo the Harriman system. There is no sug gestion that a merger I Intended, but the completion of the A'eetern i'adflo from Kait Lake City to the coast ha tnnde a friendly alliance desirable. Mis souri Pacific stock is being acimu )ated by the bankers of ttie first rank Distinct revival was noted in the steel trade. Business now is somo -.Financiers expect better steel trade f ' (United feu Leiwed Wlre.f New York, Feb. 4. The enly , thing that kept the stock market from shinip- ln thl . wnett tha raaltlt nf ..!.... I mm I mm .... 4 - United States Bteel corporation, f 28,- , ..r. - j Nil SQ0.009, was the belief that the present year will show a; big improvement in The steel. Industry- The amount of eam lnw was followed by active buying, the .tiicoulive- for which, it . Is ald, HiiMtu-isl America says, '.'was the state uieui that sines the beginning of the with prices high. .This would In turn nave arrectea values ror piner nays. Where Our Prices Are Made. These who would see. were probably convinced recently that after all we are a mere speck when it comos to naming wheat prices even for our own product Organizations and Individuals may try at certain times to state what price should rule for wheat but after all their voices are a mre nanuiui out of several millions. Wheat prices are made entirely by what the world is willing to give for supplies and every section that has a .surplus Is either learning this, has learned it or does not care to be shown at all. , During the week it was demonstrated hevond doubt that Europe Is the real arbiter of wheat values here. When Argentina and other countriea began to offer more liberal suplles, European prices began to sag and drop. Declines wore so severe and so, frequent, export buyers here were compelled to quit operating until conditions again became steady and they could see exactly what they could buy and sell the grain at. Millers Torctd to Follow. While it is the custom of millers to pav a fractional advance over export vaiues In order to get choice lots of milling wheat, the miller is really guided in his action by whatvthe foreign markets are willing to offeT. All of this wheat, or most of It, Is used for the making of flour, and whether shipped to a foreign grinder or made ihto flour hero, the wheat is wor4Jt practically the same, price. For instance the orioe that millers can obtain for their low-grade grinding is regulated bv the price of wheat at world's centers. This accounts for the innblHtv of local mills to compete with other countries for the Oriental trade when our wheat market is- placed in an artificial position, or beyond an ex port value. California was again a bidder for our wheat during th.e past week but its takings were limited and consisted prin cipally of bluestem, as during recent periods. For bluestem there remains a Dremlum of three to four cents a bushel above the club. Tax dav will soon be around again and that accounted for the willingness of producers to sell more wheat than recently, xnis . was ukqwibs h u wi the oats holders. Many more growers wpm willln to sell oats than formerly and as there is only a limited local de mand, the wants of the trade were soon oversupplled. Result was a decline of 50c in tne price during me ween. 1 tradlnv la fthnwn In the iciy ' v . .. v. , .. ......... ... --- - barley market Eastern prices are still dfcwn and therefore holders of "brewing" are still waning ror a reacuon. irure remains a gooddemand locally for food barley and tMs is being supplied at last week's quotations. Nevertheless the market is not quite so gloomy as last week. With the closing of most of the factories at Tillamook and with remaining plants only run ning occasionally,, the output of fresh stock Is limited , and there is little of this held here. It Is the storage goods that has resulted in so much weakness among the local trade. ITT 1 BUTTER MARKET STEADY Low Price Adds to Demand and Cal- ifornia Advance Is Much Help. Trade In the butter market during the week waB somewhat better than during the preceding six days. The cut of 2 certs a pound in the price had a stimu lating effect upon the buying and an advance in California prices stopped the shipments from that direction into this territory. LOOKS LIKE BIG SMELT RUN Gillnet Catch Along Lower Columbia Is Better; Low Water in Cowlitz. There was a much better supply of Columbia river smelts offered to the lo cal trade during the woek.' The catch along the lower river was much better than previously. Thus far practically the entire catch has been from the gill nets. The water In the CowlJts is said to be so low that the fish' have not entered that stream. DRESSED MEATS DROP Veal Gets Off High Perch With In- creasing Supplies During Week. Dressed meat market was generally quoted at lower prices along Front street during the past week. There were Increasing offers of veal and this brought the market a Couple of cents lower. Dressed hogs came In rather freely for awhile and the price for best dropped to llo a pound. Dressed mutton came In slowly but the demand was even slower. thing above the low record that was made in December and every day sees additional orders booked In excess of the Decembtr rate. liooklngs are now at the rate of about 30,000 tons a day, the capacity of the trust being some thing like 45,000 tons. Orders unfilled at the end of December were 2,476,677 tons, the lowest volume on record. Net earnings for the month of December were $25,999.D78. From a stock market point of view, the Statnley resolution introduced in vougress for an investigation of the Ktcel trust had no effect, although it Is firmly believed by leading bankers that the resolution is nothing, more than part of an attempt to break" steel in the stock market This congress has only four weeks longer to live, and even if an investigation were advisable nothing could be done In that time Hesldes, the department of commerce and labor has investigated the trust thoroughly and found it ohserving all of the. laws as now Interpreted by the executive department of the govern ment, ' 4 , year there had been a marked Improve ment In steel trade conditions and that new orders had averaged 80,000 tons a day, as against 20,000 tons a day in Uk - tat .,mOnttl"i81ft .. ,. kaar 1 time by the announcement that the Harriman lines had decided In expendi tures of $75,000,600 on improvemente in the next five years. It was assuredly those who favored the bull side that this action of the -Harriman roads Was a precursory' of similar action by other teaoinf roads." . - 1 (' By Hyman H. Cohen. The potato situation is far from being a settled affair and it is a wise one in deed who is able to say with certainty whether the present prices shall be maintained during the remainder of the season, or lower or higher values formed. Reoently considerable- strength has hAnn shown in th cotato situation all along the coast The results could scarcely be better from the viewpoint of producers because values have of recent weeks been advanced steadily. So far as the season has progressed the grower has been kept falrlv in "Hnvr" while dealers generally have received only nominal benefits from the Hvinrea Silfh a atat Of affairs iS due to two conditions the tight hold ing by growers and tne aisuener ui many, in Tact most of the buyers, that the market was going to climb as high as It really has at present ' All-Wise Are Generally Bit. Parhana onlv the all-wise have reaped th henftflt. of the sham advance In prices. This means the dealers, for growers, are always good holders, whether they really Delleva the market la a-oinsr hla-her or not. At times they try to make themselves believe that such will be the case ana ims is repeaieu over so many times that finally they really come to the conclusion that there must be something In it after all. Amoni farmers there are two classes of speculators, Just as there are among dealers. There is the real speculator. who "takes his medicine ' or nis proms whichever way the market goes. Hu kicks at none. His condition wnetner right or wrong is of entirely his own making. Then again there are produc ers, as there are dealers, too, who cry every time they hold and., are hit, but Even a Duty of 25 Cents Per Cental Fails to Check Ship-, ments to North. British Columbia Buys. 4 British Columbia Is buying 4 Oregon onions, and is willing to pay a good premium for them at this time. The duty on onions 4 that enter British Columbia 4 amounts to 23o per hundred 4? 4 pounds. 4 Onion market here Is In the best con dition of the season. Supplies are being purchased for all coast markets, but the principal shipments are being made to Puget Sound and to British Columbia fioints. Sales to the latter are quite lberal, even in the face of a duty H)f 26 cents per hundred pounds. At the meeting of the Confederated Onion Growers' association yesterday it was officially reported that not more than 185 cars of onions remain unsold in the. hands of all interests tn this territory. Within two weeks the demand has been so heavy that sales have been made at $2.25 t: 0. b. country points. This is an advance of 26 cents from previous minimum quotations. During the two weeks 40 cars of onions were sold, but only the latest transactions were at the advance. This year's unsold cars at this time, 136 cars, compares with 142 cars- on February 12"a year ago. At that time, however, the price was only $1.05 for best offerings. While some onions have been sent to California, tew of them have entered the San Francisco tra'dc. According to officials of tne association there is no fear about cleaning up on this account, because last year the entire crop was cleaned up without the aid of the Bay City trad and this season the situa tion in onions is much firmer. On account of the freeze in Texas, which set back the crop about throe weeks, association members figure that they have about three months to un load. While It Is not expected that next week's shipments will aggregate as many cars as either "f the past two weeks because the purchases have been a trifle too liberal; onion growers feel that they are enjoying the best season in many years and that before new onions are ready the old crop will have been long since sold. APPLE DEMAND IS Situation Improving With Stor age Stock Exhausted in the Big Centers. By V. P. Gwin. General Manager IT. W. Prult Exchange! The situation in the npplo market throughout the United .stutc-s is vciy strong, and the doin.iwi especially huvy from districts in th middle and hruth west, where storage ciippll-jj are being exhausted, very rapidly. In the large centers of the east, Chi cago, New Vork, Ht. Louis, Cincinnati, etc., the demand for boxed fruit has broadened wonderfully in tho lat week or so, owing to the rapid oxrinustion of the supply of barreled fruit, and the generally poor nnillty of the barreled stock now being offered. It was apparent to students of the market, early in the season, that eastern uaiicieu uiKincis uau tne shortest crop in years, and that everything pointed to a rich harvest, for the northwestern growers, especially in view of the fact that. Colorado, the chief competitor of the northwest, had mirh o amuii t,. crop. " ?"v" Haa the northwestern crop been strongly controlled and properly dis tributed, these expectations would prob ably have come much nearer to reallza- lTu,nZ ' ui lttrKcsi crop in her S,Vthy; on h1r tla"ds to' market, and Without orirfltilvali,,,-, .... rrtin.j- ' Li.vil northwestern shippers made the iiiiuw.uiK me dihk or their shipments on the larae market c Daaiv unner tji.-. .v, i.... ., umer markets of tho country watch the large centers and Uk their tone from them, and this early demoralization of the large markets created a situation of uncertainty and unrest which -held prices down throughout the season. Appreciating aJl these condltlonsearlv - (Continued on Following PufeeT) v.., " - . "" . tAtcnBJVH HUDUllftS. 1 in BUSH dlH TAKES OUR ONIONS QUOTED STRONGER pride themselves oa being ' very wis men every ume mey win s Make ThemselTts BaUsre Talsely. There are dealers as well as produc ers who aotually make themselves be lieve false conditions. Just because they feel tbeir Interests are that way. The average holder of produce, whether he Is a farmer or 'buyer, seldom looks at both sides of the question.. For Instance I have known producers- of a certain article to hold their crops for" double the usual value Just because in their district the- production was less than half the normal. The fact that other districts within a thousand miles or so produced more than their usual quota did not deter these growers from ask ing the big advance. They failed to see that In these days of commercial ism the distance of a thousand miles or even a few thousand miles would make little difference if the product was Imported because freight charges are not extremely high and these are the only barrier L outside Importations. Whenever growers ask a higher price than this barrier will stand then Im portations are forced. Xlastem potato , Bat 78 Cents. For Instance, it is possible to bring ?otatoes from the eastern states at a reight -rate of 75 cents per cental to the Pacific coast. This Is Just SO cents more than It costs to ship from Port land to San Francisco, therefore CO cents is the real barrier between east ern notato shipments and those from this section. The same is likewise true of Colorado supplies, and California merchants have purchased quite liber ally in those sections. A correspondent of the week asks how It is possible to ship potatoes from the east when the ground Is frozen to a great depth. This Is true so far as the Wheat Opens Firm on Strong Cables but Loses Later in Day; Provisions Heavy. 4 World's Wheat Market. 4 4 Portland Cash club, 80 Sic; 4 4 bluestem, 83 Me. 4 V Buenos Ayres Wheat firm, ' Melbourne Wheat firm. 4 Liverpool Wheat Mi up; - 4 March, 7a d; May, 7s d 4 4 Chicago No. 2 red, 96 85 Ho; May, 96c ask; Jury, 93 d bid;- 4 4 September, 92 Vic bid. 4 4 Minneapolis May,-$1.02. 4 4 Duluth May, $1.04 bid. 4 4 Winnipeg May, 86 c bid. 4 4 Bt. LOuis May, $1.06 H. 4 4 Kansas City May, 9 2 Ho. 4 44044444444444444 (Upited Preat Leaied Wlr.) Chicago, Feb. 4. Speculative business In grain was slow and narrow. Large export sales of corn at seaboard, amounting to 340,000 bushels, gave firmness to the cash market, but the futures were from i to lie lower at the close,, after having shown that much advance early in the day. Wheat closed fo,c higher for May and July. There was practically no change in oats. Provisions were rather heavy but declines were moderate. x The wheat market opened at from H to c advances, chiefly on account of the firmness of the Liverpool market as compared with the weakness here today before. It subsequently lost most of the early gain on account of the still increasing tendency of stocks at Minneapolis, notwithstanding the di minishing receipts from the Interior. The weather was still favorable for marketing corn, but farmers as a rule were still , indisposed to sell freely at prevailing 'prices. There was a good demand the greater part of the session until near the close, when selling was more urgently pressed and the market took on an easier tone The demand was good for offerings in the sample market from yesterday's prices to higher. There was a very quiet start to the oats market but the firmer tone in wheat and com afftcted a few shorts and Induced them to cover at a shade better than the previous day's- final figures. only a small business was done In this market taken altogether, tho only show of activity being near the end, whon selling was urged with more force than during the earlier part of tho day. Sales In the sample market were at from yesterday's prices to c higher. Provisions had an easy undertone. There was some selling of a miscellan eous character In evidence. The de mand was slow but on the dip a house with stock yards connections bought lard and ribs. WHEAT. Open. . High. 95 ft 9iiVi 93 94 & 92 92 CORN. Low. 93$ 92 Close. 96 A 93B 92MB May July Sep. May July Sep. May July Sep. May July May July Sep. May July Sep. GRAIN TRADING IS SLOW AI MOW 50 4 60 50 50 61 hl 61 51 B 62 62i 61 61A OATS. 83 33 33 33 B 32 33ft 32 32B 32Vi -82.., 32Vi 32HA TORK. 1825 1832 , 1815 1S26 1772 1772 1760 1760 LARD. 980 985 977 ' 980 A 967 970 065 967 B T7T" 972 . RIB3. 977 980 977 1 977 B 962' 960 ' 952 965 A .... 960 OMAHA HOGS NICKEL HIGHER Advance of 5c Is Shown; Top Stuff Brings $7.50 in the Yards. " South Omaha, B'eb-. 4. Cattle Re ceipts 100; market steady J steers, $5.75 6.25; cows and heifers, S4.506.25; stockers, and feeders, $5.30 7.90; bulls and stags, $4.004J5.00. - Hogs Receipts 3800; market Steady to 6c higher. Sales, $7.307.60, Sheep Receipts none. Yearlings. $3.85 4.00; wethers, 5.666.00; lambs, 3.603.75. Chicago Cash Wheat, Chicago, Feb. 4. Cash Wheat: No. 2 red, 9695Hc; . No.. 2 red, 03096c; No. 1 hard, 9496c; No. 2 hard, 93 &95c; No. 1 northern spring, $1.00 1.06; No. 2 northern spring, $1.0001.05; No. 3 nortnern spring, jiscsji 11.03; ixo. -prlngr-4i& $ Mii Ma., sprlngr-tUe $1.00. . - - -1 ' - The hymir "Abide with Me," has been translated into Yiddish and Esperanto, and both of the translators, are Baltl moreans. - ...v' , :,v. 4 Journal Want Ads bring results. frees It concerned, - but. In the east the potatoes are not allowed to remain In the around all winter as In our mild climate, but are kept free from danger in zrost-proor Darns, f rom mere mey can be readily hauled, to the cars at Potatoes May Oo Higher. ' While even the leaders of the present bullish movement of potato prices are unloading with all possible speed and are iBKiiig meir pruum, it it. ijuiio iki sible that the market may advance fur ther. As ' has been stated heretofore there are non. that can positively say what the market of the future is going to be else all would be successful speculators and become wealthy all. of a sudden. All are liable to guess som guess .correctly on occasions, whilt others are Invariably wrong.. Some of the best Informed men In the trade have lost small fortunes within a single year oy eitner ooosung or setting -snort. The one who sells when the market is highest is the man who - Is naturally successful. But few individuals know when the top is reached -and most over stay a record . market - Therefore in making up the mind whether to hold or selr the following may. help somewhat. It Is the production Of potatoes in the leading states and of the entire coun try for this year and last year in bushels: , '." 1910, 1909.- Oregon ......... 4,620,000 7,60,ooo California 8,060,000 7,800,000 Washington .... 6,109,000 fi,S70,00 Idaho-.. 8,408,000 6,000,000 Nevada ........ (100.000 450,003 Utah j.iso.ueu z,utMiuu New Mexico 94,000 ?5,000 Colorado 6.600,000 ,40,W Minnesota 10,065,000 18,400,000 Mlhlo-an' US 175.000 16.640.000 United States... 338,811,000 876,637,003 FORCEHOPSHORTS Remaining lots in This State Too Tightly Held Small Amount Contracting. 4 Shorts would Cover. 4 4 Inability to secure enough hops 4 4 to cover their sales is causing 4 4 short sellers many days of un- 4 4 easiness. Growers would not 4 4 even sell at 20 cents, and dealer 4 4 holders are asking an advanoe 4 4 over this. 4 4w44 Short sellers In the hop market are vainly endeavoring to cover their sales and while it Is understood that as high as 20c a pound has been offered a prominent dealer for a certain lot ot hops, little actual business was shown during the week. The extent of short operations have always been a matter of speculation among the trade, but it is now geneN ally understood that sales are still un covered to the extent of several thou sand bales, while growers retain only a small portion. Some of the leading dealers still re tain hops, but they are hdlding them back. They are not even offering them for sale at this time because they be lieve they will get more later on. So far as growers are concerned, the mar ket Is entirely blocked. Some would have sold for 20c a pound a snort time ago, but since then they seem to have changed their mind and most of th. few holders are now asking 25e a pound. A small amount of contracting fo the coming crop was reported during the week at lc and 15c a pound, but the extent of operations was nominal. Growers are not yet ready ,to tie up their growths and will not be until about the first of . March. nntiHA markets for hoDS were re ported firm during the week, but little business was doing because of the lack of offerings. HELPS FRUIT AN1) GRAIN Weather of Past Week Stops Bud ding; Wheat Covered With Snow. Walla Wnlla. Wash.. Feb. 4. Both grain and fruit had an exceptionally good week in tne one just enaea, ana the prospects for the season's crop are weather conditions of the past seven davs. Farmers, both horticulturists and agriculturists, are rejoicing over th outlook. .... . Nearly an inch or rain reu during the week, which was more than wel come. In view of the inch and a halt rf.fi.i.n.v raA un hv Jannnrv. Part of this was snow, which wow,, covers the valley to a depth of about six Inches, giving excellent protection t tne ran sown wnwi. Tt.. wheat tnarltat Vtafl h0!1 dllll. Farmers are loath to part with their grain at prevailing prices and dealers are Just as hesitant about buying. Fruit was saved by the cold weather of the week, is the general opinion among fruitmen. Warm weather had the sap well on tne way to me nmua of the trees, and had it continued an- oiner weuiv i.aviirn unit .m.? jeopardized, if not apples and other JT-U1L jjll I Lim T tn L 111 i nwi iu' oi, iwi fruit at least, ana tne mercury, aruppeu to 20 degrees, cold enough to keep back .v. . 4m.i. uHttimit flnnirer nf Inlnrinff It. Farmers now hopo the present cold Spell will endure ror a ween or two, in which case they believe that spring will appear without any more freezing weather. ' BOSTON COPPER MARKET Boston, Feb. 4. Bid prices: Adventure .. 8!Msyflower 75 20 2 45 19 o 80 108 $2 69. i 38 1 12 2m Allouez ....... 3fi Miami Arcadian . . . Arls. Com... Atlantic . . . Butte CoaVn. C&l. & Ariz. 8 Michigan . 13 Mohawk .. 4Ne.v, Cons 19,'Nlplssfng . 68 Old colony Cal. & Hecla-616 usceoia , . . Parrot t . . . Centenntat ,,n Chino ....... 2 2 if. Oulncy . . . v ', . Raven -. , Ray Cons. ... Shannon Shattuck ' Copper Range 68 Daly-West . . 8 Davis-Daly , . . 17 Dora. uop..... i u East Butte.. 13 I S. Lake ...... 6 4 Elm River.... 18 35 .in Run. & Boston Ely ConS . . . Franklin . . . . fiup. & Pitts., 15 Swift Pack. ..100H Olroux ...... 7 6 Trinity 4 Greene-Can , . tJranby Halncock Helvetia , ...... Tnritflna. ' .- Tonoppb U. 8. Smelt do. rjfd. . 85 20 1 87H 47 TTtah Min. 12 13 Victoria ...... m SrTI ' 5 HelYjMa.M4.J..-iai Winona ..T 9 ,mona. olverine isie wolverine ,..J17 Keeweenaw 2!Wyandot .... 1 11 La Salle .... 4 I Yukon Oold .. . 4H Lake Copper. $, I Raw. Coala. .-3 Mas. Mining.. 7f . Liverpool Wheat Market.' Liverpool.-'Feb. 4.-Wheat close: TO OFFER ADWE Marcn, 7S o; aiay, ts ttd. w Wvsstoc of the Week. v Cattle .Ad vane - n h, aualitv. ' . - I v. Hogs Lower prices In effect oiiwp en a Lambs Former 4 dullness continued. : " . . portlantY StSJ:. ; How. , Cattle, Calves. ShW January 28 . 2669 , 2477 80 January 21 . 1825 ' 2459 87 January 14. 1273 2296 82 January 7... 39 107S ' . 78 3992 7346 8452 2858 .4187 . T By Hyman H. Cohen. ' 5 Decreased ffrln i. I nt" . llv.estock during the paat beine bMht ' eAi ".a V-Tl "? L'L"0!; nora f "r the ? 21. - ana mere wit a. urther concession In prteo alioWed tJ receivers in order .to unloal, 7 i dX?ilatbl9. BUPPll4 ff lard are too plentiful at eastern centers for th r;-...r.... .w tun ueary sturr. In ra. Sh h been a noticeable increase, m tne average weights f It hA rlaVAlAn 4L.i as.. 1 '' ackers were"beTrlshlUr ..?rt",lMh" KaTY.IumtYv. .W? because most of them believe that March will show the Kftt run on record for recent yean, Many had been of tbe opinion that the great increase In offerings "would be BOOn hefnr that K..?"..W.?",a .P? panting ,norea,e been disap- trom the present outlook It Is oulte possible that the bulk of the olg i in terlall V and fhl. will have1 a' ;0dVl e": oiiuii upimuuni ror tne future. situation on this account anl will be gin to stock up if thy rome to the conclusion that their former expecta- realized. run ar not to be of hogs to the Portland market came from the east direct to Paciflo north west Decking house Hna In.l mr wv iuvhi vvll" cern alone had 10 cars In the yards Hum uinana territory tne other day. Total offerlnm nf Kam n , xtv --c v. aivBo m. l.UI 111 Portland for the week were 1450 head, wmpoieu wun ioos last weea; 1825 the previpas week, ami 1239 for this same week a month ago. i Poor Oattla Drag Frloes. Wants of rarlrra an, I lrlllara In tv. cattle line this week were oversup- quite heavily with cattle and for that etiBuii uie not. aisppsed to lake nold unless given etuff at a shade less than formerly.. This applies generally to trlA rtonrnr rluao nf -nffArfnou, . cent arrivals at North Portland having consisted principally of this quality. Real good cattle are scarce and theft IMmi HtMA niiKt N . V. a Ml.l. of the trade that adequate quotations wuum oe realized were oirerings oi tnts tiuallty presented. One sale was made at $6.30, or an advance of a nickel. While the wants of packers are nomi- ruu wnen u comes to poor or ordinary quality, buyers acknowledge that they hflVA nlantv nf rrinm fnv .vtrn tnmt stuff and would therefore be willing to aireipn prices a rew notcnes. Total offerings of cattle at North Portland durlns- tha week reanhert 110.1 head. 'This does not count the calvesi Last week's run was 2477 head and the previous week 2459. A month ago for a like period, 1978 head of cattle were offering. Onlw a nn.m1r.o1 o 1 1 r 1 . , nf 1 ...... ' .ivi,,. as Duyii v 1 1 u. came forward to the pens during the ween ano most or tnese were or poor quality. Kllrhtlv mnm ttion Vi o 1 f ti'm wnmnm th..n and lambs came to tbe Portland yards during the past six days as during tbe previous week. It begins to look as it the bulk of the offerings in this line have already been marketed. Quality of sheep market offerings con tinues to disappoint buyers and prices were seldom within sight of last week's top tMs week. Past week's run of livestock compares with the same period in recent years as follows: Hogs. Cattle. Sheep. 1911 1450 1137 3992 1910 839 2070 605 1909 1897 105! ' 817 1908 375 950 358 1907 215 100 10 190C 303 237 826 1905 , ... 320 180 2784 A year ago for this same week there was a steady to firm tone In all lines of livestock with no general change In values. Week's Of f ioial Salsa. Following are representative esles of Fine Staple Goes at 20 1-2c and Lakeview Stock at 21c Per Pound. (Sueclal niBDritcb to Th Journal.) Boston, Mass., Feb. S.-Trahsfers of territory wool In the Boston market this week are of good extent and variety with a strong demand for medium grades and a fair call for staple. Trans actions in Oregon wool Include fine staple at 20 H cents and Lakeview at 21 cents. Fifty thousand pounds of the former were sold and , twenty-five thousand pounds of the latter. CHICAGO HOGS STEADY Receipts Are Far Less Than a Year Ago Other Lines Holding. ; Chicago, Feb. 4. Estimated run; Hogs, lO.O'OO; cattle, 200; sheep, 1500. Hogs a steady. Left over, 5400; re ceipts a yar ago, 17,000. Hog sales: , Mixed, 7,257.70; heavy, I7.307.65f rough, $7.107.25; light, 7.45a7.6i. Cattle and sheeo steady. " SALES OF OREGON WOOLS AT BOSTON BlRiIM TIILE The success of a fafm depends upon its drainage, v Successful drainage is accomplished through DRAI TILE. The cost of DRAIN TILE is .very small, while the increase , Whyvhot use the method that will give you the beft returns for your money. - - . . . Write for "fre hooMet on iie of D'RATNTIT.E.: LiAISlGiE & BULLOCK, Inc. 601 Beck Buildine, Portland . the past week. They Indicate demand. ' supplies and quality offering'. , STEERS. . t -'' Ave. lba. Price. 28 steers ..-...., ....1303 $8.80 50 steers 1208 .25 31 steers .....,.,... .1288 6.25 4 Steers .....1.23 6.25 1 steer . ii?n 26 steers .1074 MO 28 steers 1045 6.10 58 steers 68 steers ....... .-if 1070 6.00 17 steers ..,.;,.;4...M. 960 j 6.oo i steers ,....,.,. I860 6.00- 27 steers .. ,, 1048 26 steers ........ .,...,,1196 13 steers .....mas 5.71 6.75 6.75 5,75 RA 14 steers 1024 32 steers .........1260 3 steers ...1446 v .1039 64 steers 18 steers ...1040 , t'.iO 39 steers 1083 gss 1 steer ......... .M.,.t 850 6.26 42 steer 070 'ksk 6 steers m , g 00 4 steers ,.4 g77 s oo 8 Steers ags - inn ...88 1; mi 11 .......1060 11 1080 943 5 .! 1103' ,J ..1876 If ...1014 ..101O J? '. 077 2 .. 98S 21 .mm ..1167 8 023 J 1063 1 t 1226 1? 1030 I 810 6 1093 13 836 CALVES, 18 7.; 330 1 280 ' 17 1 r1lesstees 170 6 434 BULLS AND STAGS. 1 bull 1620- 1 bull 1430 1 stag 1100 4 bulls 1205 1 bull 1590 3 stags 1350 1 bull 1220 1 bull 1450 1 bull 1670 ' l 'bull 1760 2 bulls 985 1 bull 1470 HOOS. 93 hogs 333 8 hoga 882 43 hogs 163 27 hogs 244 11 hogs ............... 228 1 hog 200 46 hogs 180 60 hogs 97 3 hogs 873 8 hogs 850 4 hogs 492 16.35 6.25 6.10 6.10 6.10 6.10 6.05 6.05 6.00 6.00 4.85 . 4.50 4.60 4.60 4.00 4.00 8.76 8.50 87.00 7.00 7.00 6.00 6.35 $5.00 4.75 4.50 4.60 4.50 , 4.50 4.40 4.00 1 8.50 8.50 8.50 3,25 $8.50 8.60 8.60 8.60 8.E0 8.50 8.50 8.25 8.00 8.00 7.00 SHEEP AND LAMBS. 4 lambs 130 $6.00 115 wethers 113 6.0 109 wethers 83 4.50 126 mixed . 99 4.R0 148 mixed 61 4.50 40 ewes 99 4,25 5 sheep 160 4.00 69 ewes 90 3.80 VL ewc8.. 8fl 62 yearlings 83 . 8.25 Following Is the general range of values in effect In the North Portland yards: CATTLE) Grain fed steers. 16.80; best hav steers, $6.00; fancy, $5.90; eows. best. $5.26' ordinary, $5.66; poor, $3.0004.00; stags, $2.60; bulls, $3.00 4.00. HOGS Best flight $8.25; ordinary, $8.10; heavy. $7.008.00. SHEEP Best yearling wethers, $4.60: old wethers, $4.00a46; grain fed lambs, $6.50; ewes, $3.75 4.00. CALVES Best. $8.00; ordinary. IT-OOj poor. $S.004.60. New York Cotton Market. ' Open. High. Low. Close, February 1486087 March 1444 1447 1441 1446046 April ... 1468059 Mav 1460 1467 1460 1466066 June , 1466067 July 1468 1468 1463 1466068 Augusta 1434 1439 1433 1437039 October ....1345 1346 1343 1842044 December 1338089 Over beck & Cooke Co. Commrsslon Merchants Stocks, Bonds Cotton. Grain, t3. i 216-21? Board of Trade BnOdlni tmter CtitesRe Wear ef Trafls Correspondents ef Lieges Bryaa Cblcago, New Ters. Dosta we bave the wtity erlvsie 'eonnMtlna Portland -vita I eastersj ossbaagea. I T.W.Marx, , Superintendent Public Works, Newport, Ky., says: "Bitulithic streets here six years old; in fine condition; recommend very highly' 6.0 s.ss .'