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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 28, 1911)
' f". THE OREGON SUNDAY JOURNAL. PORTLAND,' SUNDAY MORNING. MAY , 28. 1911. 10 f 1 Rcvlcwof the World's Trade of ttie Past Week" SHORTAGE OF WHEAT HELPS COMING CROP Jly Ilyman II. Chen. Tha Pnctflc northwest la today faring on of Ita gr.-atost shortages of wheat supplier With scarcely more than 1, O00,t)v0 buabels MillH In all hands for coniumti!! of practically the entire coast for a period of several months, the outlook for prices could scarcely be isore fuovrable Practically all the wheat that remains in the hiuida of producers la neia w those who are 'n a position to prac tically dictate the price providing It la within sight of reason. Some of these growera have been known to hold wheat for aeveial year because the price offered haa not eulted their fancy. Therefore It la apparent that eo far aa the general eltusilon la concerned, the 1810-11 wheat aeaaon haa come to a trona: cloelng. Means aTach to Hew Crop. ti,. .tr.nrth of the wheat situation at all raclflc eoaat center at this time mean far more to produoers than the ale of the present crop. With the en tire ebeeooe of a carryover, a situation that haa scarcely been equaled for yeara, and with the reqtilramente ofmlllwf appUee several polnte hlf har previous to the harreat of the coming crop, the indi cations are that the buying of cereala at the a tart of the coming aeaaon will ahow the greatest activity in recent yr- Kven moat of the larger millers have been unprepared 'or the Treat shortage of wheat that haa existed during the month or ao. and will continue flur in a; the remainder of tha sesson. 21 blj fellow aurtad wit on tha wrong foot, and were honestly bearish In th.tr views whan a closer examination of the. NORTHwES T NW IMPORTER INSTEAD OFCATTLE SELLER Practically No Shipments Will Be Sent East; Instead We Buy in Nebraska. situation would have disclosed to them the real standing of I lie market. Cereal Situation Bulllah. Evan were the I'm iflc northweat state to have their usual carryover of grain Into the conilnK ocasoii, the outlook for future prlcis would scarcely be altiTfw! While the lute rains have Si.. II. . . 1 II ) A prospects are tW the I'n.lfk- northwest TillS SSOn (S FirSl 11016 That Biairs Will prouuee nil morn nmn w normal lld the coming season. There fore with no carryover and with a great- ly Increased home consumptive demand. prloee should be better than during the paat seaaon. Portland will stand better In the (train market than ever before, for another mill will be added to Ita consumptive wants by the time the new crop la available. This U the plant now being ooinpleted bv Balfour, (luthrle A Co, Old wheat will h used In tha Initial grinding of the new mill, but operattona will not likely l.ecome general until after the new crop is avallnble. roar rloar Mill. In addition to the lialfour Quthrle mill. Portland haa three other flour fxlndera. Toe Portland Flouring- Mills a the greatest consumer of wheat, but the Columbia mills and the Jobea mills are both of g-ood alio, and add materially to the make of flour here. Tha new cereal mill of the Albera Milling- com- fany haa recently been completed, and he capacity la much greater than the old plant. Millers are already beginning; to dla cusa the probable amount of wheat that will be needed for forelg-n conaumptlon the coming- seaaon. but It la to early to PORTLAND LIVESTOCK RUN. aay definitely whether moat of the loeal wheat will be nwded at home or not. VHEAT MARKET IS WEATHER AFFAIR Damaging Effect of Week Not Ended Corn Trade Is Affected. 4 By B, T. Snow. 4) Chicago, May S7. Tha current 4) deficiency of rainfall, following 4) as it does a rhortag-a during- the 4 preceding Clve months. Indicates a moisture situation In tha small 4) grain districts which makes high 4) temperatures at heading period a 4 feature of danger to the crop. 4) Corn haa sufficient moisture to 4 stimulate rspid growth, and 4) there ts plenty of time for rain- 4) fall in the next two montha. 4 , ' Chicago. May 27 Tha damaging ef- feet 6f the weather thia week is not ended. Prices were forced even higher than yesterday in wheat, but corn suf fered a 4 c drop and oats were un changed. Thar was little change In provisions. Enough rain had fallen during the night outside the spring wheat belt for well wishers for a winter wheat crop to hang a hope upon. In the spring wheat region the rainfall was plentiful and general. Liverpool reported fut- ' ures as uncnangea to sngntiy nigner. On a slight decline early in tbe seaalon there was active covering of ahorta . that told on the market later when doubts began to be expressed on rains between now and Monday In tha win ter wheat country.- The corn market was affected at the start as was wheat, the weakness being the result of Indications for aome re lief from tha recent scorching tempera ture. This weakness continued during tha entire session. Tha only check to tha selling was near the end. when tha Wheat market was showing a recupera tive tendency. The receipts next week are expected to he large because of mry aocaptane of bids of fifty cent a ant from here yesterday. Promise of rain and cooler weather sjaaa effective In modifying the bullixh lM of oat trad era. The market start ed week, with plenty of sellers. The ln fluancs of the rain, however, was felt - lam In this market than in corn. lOehar prices for hogs as reported (mm tha stock market gave the market for tha product a a firm start at a baste beter than the closing prices of Che night before. Demand was not qoal to tha supolv at the start, how ayrajr. so that offerings had to he re 4neeifl to meet the views of the buyers, Short- had covered freely the last few ays and soma of those who had done o were among tha sellers today. After the first few minutes the market was heavy. Week liogs Cattle CaJveaBheep May 3T . ... 1 4 7 2284 49 48aS Mav 20 20115 1607 1 6216 May It 1417 12114 88 4733 May 1V50 1963 46 4876 April 21 ...1SI2 . 70 26 ' 2034 CUT IN SIEEL HAS ADVERSE EFFECT Securities Unsettled When the Price of Metal Is Slashed $3 Per Ton. Range of Cfetcago prices furnished by Ovwrbeck AOooke Co. Open High Ixrw Close WHEAT. Hay .... 99 July .... lt 09 dept..-.. 87 88H CORN. May July Sept. May July Sept May July" Sept. May July Sept. May July Sept. 64 84 64 64 64H S9V4 9H 87H 88 64 64 64 By Ralph EmcTSon. (Publishers' Presa Letted Wtra ) New York, N. Y.. May 27. One of the moat Important single Incidents In the market this week waa the steel trade episode with Ita reduction of 23 a ton In the price of steel bars and the declara tion of an open market by one of the leading Independent concerns. It In jected Into the atock market and busi ness situation a very unsettled Influ ence. This occurred at a most Inop portune moment, for encouragement for the bull movement in stocks was be ginning to cooL Prices had advanced from 4 to 8 points In leading shares and had also reached the highest average for the year, with an aggregate addition to market values of approximately 1176, 000,000 in stocks daily trading. This1 average precaution was attended with considerable broadening of opera tions and largo interests which for a long time had not experienced any op portunity to decrease their holdings In material volume, naturally took profits on an extensive scale. Thua the steel cut came at the very moment when the technical position of the market had been weakened. Steel common fell four points from last week's highest level and the whole list went off with It. Just what the result la going to be either in a business way or on the stock market, cannot be foretold at this time. Fortunately there are such offsetting Influences aa favorable money and orop conditions, which are important funda mentals for recuperation when the rro cess of the readjustment through which the country Is now passing shall have been finally completed. Time money practically lost the slight advantage that followed the mar ket's activity of last week. The bank of the leading cities are in a very ple thoric condition, one nere holding no less than $75,000,000 cash, which means that the crop that will be moved and the business of the country this year conducted on a lower basis of interest rates than last year's or for many years past. The crop situation in the main is highly encouraging, although a few drawbacks were developed during the week. Lack or rain in northern Texas Western Kansas nnd Oklahoma caused some damage to winter wheat, but else where the plants are making a rapid growtn. Range of prices furnished by Over beck Cooke company. Descrlotlon- Ouen! Hlghl Low I Bid 64H 64 B OATS. S 364 85 6K S5U 36 85 6 35i 36V. 36H S5 PORK. 1496 1 49;. 1486 14S6 1500 1500 1490 1495 ....1440 1440 1437 1440 B LARD. 81T 825 826 820 822 830 832 S27 830 B PIGS. .... 792 792 790 792 .... 800 800 796 787 785 797 790 788 FIRST RASPBERRIES BRING THE RECORD 4 One wee crate of red raspber- 4 4 rleej caused Front street oommls- 4 slon men to outbid one another 4 4 yesterday. The occasion was the 4) 4 arrival or ine rirat raspberries of 4 4 the season. The shipment was 4 4 from Penljn, Cal and consisted 4 e of a single crate of 16 half pound 4 4 boxes. Florence Bros., the brokers 4 4 who received the shipment had 4 4) ao many inquiries for the supply 4 that It was decided to auction 4 4 the fruit, and it was sold to Pae e e at Bon at 82.80. This is the high- 4 4 eat price ever obtained here. 4 4 4) , Liverpool Wheat Market. Liverpool, "May 87. Wheat close; May. 7s; July. 4a lid; October, es fcd. The anaua.1 convention of the Inter- Catlonai longshoremen' aaaoclatlon will be held this year in Toledo, be tfonlirJalr ls. i Am. Cop Co. Am. Car & P., c Am. Can., c Am. Cot. Oil, c. . Am. Sugar, c. .. Am. Smelt., c. . . Ana. Min. Co. . . Am. Wool., c. .. Atchison, c. B. & O.. c Beet Sugar ... Brook, Rap. Tr. C. P., c Cent. Lath., c. . C. & G. W., pf d. C, M. & 8. P.. & w.. o. Ches. ft Ohio. Colo. V & I. c Colo. Southern, c Consolidated. Gas Corn Products Del. & Hudson D. & R. G.. c Erie, o General Eleotric. (it. Northern, pf; Ice Securities Illinois Central Inter. Harvester Inter. Met., c Lehigh Valley . K. C. Southern . Louis. & Naah. M , S. P. & 6. S. M.. K. & T, c Mo. Pa. Na. Lead .... N. Y. Central , N'Y., O & W. NT A W.. c. . North Am N Pa. 1'enn. R'y P. G.. L. & U Co P. S. C c Reading, o R L & S., o Rock la., o.... PL L. & S. W, o South Pac, c . . South. Ry. a Texas & Paclflo T gt L & W o . T'nlon Pac. o r. H. Rub . c , . V. a Pteel Co. . do pfd Ct&h Copper . . . Virginia Chem. Wabash, o W. U. Tel Weatlng. Eleo. . Railway Springs. Wis. CenL c... Mexican National Distillers Ore Lands Alton, c. Third Ave Big Four Wheeling LeJr0 a Qoldfleld c. . . 67 65 12Vi 60 80 67 65 12 604 80 67 55', 13 60V4 6 65 H 12 60 120 Ui 801 80 39' 33 1 1 3 1 11 3 106H 108 113' 114 108 10 62 63 53 ! R3S 80 I 80 791 79 284l285l234234 S0 30i 30 30 123 '!i2S:i2S"i12S IslK II 1117 117 '.'.'. 821 2 821 82 I I S3H 64 54 54 54 14u 145 144 144 ::.16...16."..i 30 SO 80 30 32 32H 32 S2 I 184 164 164 164 129 1291129 129 127 127 126 126 3 8 178 178 178 178 34 34 34 34 147 147 1 47 147 137 138 187 137 OJRZ ... 50 50 60 60 .. 651 56 56 65 . . 108 108 107 107 42 . . 108 108 108 108 73 K 1 28 1 2811 28 1 28 (122 1 22 122 122 105 106 109 106 S Mi J Oil .169 159 169 169 . 30 31 80 30 I 82 32 82 82 82 82 81 31 118 118 118 118 28 29 28 28 .... 2TU 22 22 23 22 183 184 1SS 183 41 41! 41 41 78 781 78 78 119 119 119 118 47 47 47 47 69 69 69 69 18 D4 C . e OS DO BS szt e 75 77 76 77 I ! 80l S0fc 80 80 26 36 86 86 4) 62 4 ii iiii 'ii 1 8 U I From oattle exporting to Importing within the space of about two years has been the change In llvstock conditions in the Paolflo northwest. Two yeara ago eastern Oregon and Idaho were quite liberal shippers of cattle to sections east of the Rocky mountains and even laat year a few shipments -of oattle went out of the Burns country for the east Kver since the railroads penetrated wmtern Oregon and Idaho, those sec tions have contributed to the wants of eastern and central west cattle feeders but there has been a revolution In the cattle Industry within recent seasons and Oregon, Washington, Idaho and California have become dependent upon the middle west for supplies. During the last week one local meat concern bought II loads of cattle from a Colorado company that are aald to have been shipped from western Ne braska. Oother shipments have come forward from Montana: In fact quite recently the arrivals from that state have been numerous in the local mar kcL Catting the Cattle Bange. The great range upon which many thousands of cattle were grated at Pa cific northwest centers in former years, is disappearing. Small farms are tak ing the plaoe of vacant lands and fences now shut out the cattle from the choic est feeding grounds of former days. No longer is government range abundant and the Industry Is changing from day to day. The days of the old range style of feeding are past and sclentlfio opera tions are taking their place. The In dustry Is being conserved but in an en tirely different manner from that of a few years ago. Hogs front JTebraska, The Pacific northweat haa become dependent upon Nebraska and the mid dle west for not only butter and eggs and oattle but most of the pork pro ducts utilized here come frem without the confines of the count territory. During the last week 1476 hogs ar rived In the yards at North Portland. Of this number 841 head came from Ne braska: and that within a single day and for a single packing concern. There are several packers on the Paclflo coast that are said to Import more hoga than this number, therefore the aggregate Imports of swine and the withdrawal of millions of dollars Is startling even to those who no not grasp the full ex tent of the drain of funds from this section to the east; from whence It nev er returns. The hog Industry in the Pacific northwest does not take care of tenth of the demand for pork of this section, therefore there is plenty of room for the Industry to grow without crowding. Kurt Band Anew. Once upon a time the bog industry of the Pacific northwest was several times as big as it is today. Extreme low prices for work forced many out of the business and since that time It has become necessary to import the stock not produced. Many attempts have been made by writers to teach the farmer how to Dro duce. hogs profitably at Pacific north west points but in the matter of fed all seem to have gone estray. Grain and other fm-ds that can bo easily pro duced in tho far southern states nnd In Texas are good things for the Industry of those sections but cannot be pro duced here with any success. Field peas, beat sugar pulp, wheat and alfal fa seem to be the ideal feeds for this section and all can be grown here with more sucoeHS than In any other part of the country, corn growing is still in the experimental stage In certain parts of the Pacific northwest but generally spcaklnr climatic conditions are against much success In this line. Markets of the Week. During the past week there was con sldcrahle weakness In the cattle trade here owing to the heavy importation from the outside. At the close of the week cattle of best quality were selling at J6.26 or slightly better for best steers. General range of cattle: Ret steers , 86.2506.60 Kiinry grain steers 6.25 Ordinary grain steers 6 00 Ordinary steers 6 00 Best grass bteers 6.10W625 Best cows 5.75 Medium cows 8.26 6.60 Ordinary cows 6.00 Poor to fair oows S.00?T4.00 Host bulls 6.00(36.25 Kancv bulls 4.75 Ordinary bulls 4.00(814.25 CALVE.S Best light 7.50 Ordinary 6.8." Poor 8.004.00 Sheep and lambs showed only frac tional loss In price during the week and taken as a whole the tpne of the market was rainy steady. Arrivals of the six days did not meet the totals of hist week, the shipments to North Port land this week being 4883 head com pared with 6216 last week and 3031 a month ago for a like period. Nominal sneep ana lamD prices at North Portland: Yearlings 8 4.65 Wethers 4.50 Lambs 6.60 Hog market was stronger during the six days owing to the very limited run available for the general trade and the higher prices that are ruling at South Omaha and Chicago. Nominal swine values at North Port land: Best blockers 8.76 Medium light 6 6 :1 Heavy packers 6.60 Rough packers 6.00 6.60 INSPECTION OF FARM PRODUCTS OF NEED OREGON Spread of Injurious Insects Over Northwestern States Shows Necessity for Close Scrutiny of Imports. WALL STREET HAS no closed season tor shorn Lambs CROP PROSPECT IN NORTHWEST IS GOOD ny E. h. Jwtt. Of Pacific Fruit & Produce Co. In this day of commercialism, when the products of the farm are being shipped back and forth across tha con tlnent. and even frcm continent to conti nent. It becomes imperative that great watchfulness and care be exercised to prevent the spread of injurious pests ana aiioun a ion wun sucn proaucis. eases is of no lesa vital Importance to eaaea are of no lean vital Importance to he farmer than to the merchant, banker rvvi ' t. E. L. Jewett or railroad company, since all prosper with the prosperity of the farmer, therefore It Is up to all interests to work together to combat the common enemy. The millions of dollars' worth of fruit that has been lost in the fruit producing districts, through codling moth lm- fiorted from Europe, haa been duplicated n the depredations of the cottjpn boll weevil, from Mexico, in the southern states. Pear Blight Imported. Pear blight, which long ago nearly wiped out the pem industry In the east em states was transmitted to California, and for eight years has worried the growers of pears there, and finally it has reached orchards In southern Ore gon, where it must be fought carefully and diligently, or It will soon be doing great damage. The white fly of Florida, which is very Injurious to citrus fruit trees, was transferred to California In 1907 In a small shipment of shrubbery, and though its presence was pnmptly discovered. It cost that state more than 2100,000 to eradicate It. The (so called) mealev bug, a product of the Hawaiian islands, was brought to the coast recently with shipments of pineapples, and haa already found a ?ood home on citrus fruit, etc.. in Call ornla. Just to illustrate how easily the whole country might be Infested with some vegetable pest or disease, let us trace the movement of potatoes during the past six months. nurina: the summer and fall. Calli fornla and the rorth central states shipped thousands of carloads of pota toes to the southern states. winter came on and California was short and drew on Oregon for a large supply. Later we find the Oregon crop almost ex hausted and we drew on W Isconsin. Min nesota, Michigan end Colorado for our needs. Now It Is learned that Texas and other southern states can return new potatoes to tbe coast and northern states long before our own are ready to use. From this we see how a lively Insect could easllv tour the whole country in a short time, providing It encountered no keen eyed detectives to arrest its progress. But ror tne almost accidental ais- covery of a colony of potato hugs, com fortably touring Into Portland on top of the sacks of the first carload of Texas new potatoes to arrive here, this whole state might have been colonized by them, to the everlasting detriment of our farms. Inspection Needed. Now the question arises, Is this state exercising the necessary precau tions to detect and arrest these undesir able Intruders? Multnomah county has a good horti cultural inspector, but he Is overloaded with duties, wmcn can upon rum to personally travel over the county on ours or inspection or tne larming com munities, as well as to watch Interstate shipments for Incoming undesirables. while it is to tne nest intercuts or all to prevent these pests and diseases from gaining a foothold here, every body's 1oh is nobody's lob. and there fore I believe our state should provide an independent and thorough system of nanection of interstate shipments of farm products. Woeful Shortage of Material Suitable for Shearing Still Exists, Although Decision Is a Help. By Preston O. Adams. (Publishers' Vnm Leased Wire. I New York, May 27. With the oortlon pf the United States supreme court known on the trust question and Its po sition fairly satisfactory to the big in terests, business on Wall street haa aa. sumed a somewhat more satisfactory aa- miu uiuuin ii muii oe oonreasea there Is still a woeful shortare In the lamb supply ana as everybody knows, the picking Is mighty dry In the street with- out a reasonably plentiful supply of 1111 V. While the summer is not a closed sea. son for lambs in the street, thev art extremely scarce, ao the professional nnve Hiiuui aeiueo. oown to tne conclus ion that they must get alone: on. mlahtv little until vacation time la over. incidentally the nearby and cheacer summer reaorta are likely to have a much larger Wall atreet colony thla summer than they havo had for many tara. In regard to those suoreme court d- clsions. it is no secret that the big men of finance and Industry are thoroughly well pleased with the decision. The Standard Oil company will "reorganise" as It did once before, and under the re organisation will do business' pretty much aa It has been dolnv. Tha Stand ard Oil crowd really cares very little whether their dividends come from one big organization or several smaller ones, provided they come undiminished and unleas everybody Is mistaken they will. Wall Street In Hock. Some Idea of the condition of thlnns n the street mav be gained from the fact that a pawnbroker, for the first tme In history, has ODened a ahon In the Wall atreet district Kverythlng may be pawned there, except etocke and bonds, for he has no ambition to com pete with the other brokers In the ex- -nange and on the curb. This Intrus on of the Lombardlan system into tho financial section Is misused as the sub- ret of mnny Jests, but Is more pathetic nan numui'jiin. Old you ever stOD to think how the brokers make a living when the invest ing public keeps away from Wall street? The prevailing notion Is that they sell Mocks to each other, but where la tne money in that scheme? Others suppose that they tide over pecuniary troubles by playing bridge at their clubs, but whoever wins any permanent money at bridge? Incidentally the wise uncle of the treet seems to be doing a thriving busi ness. , - Hill on Kaclproolty. James J. Hill does not mince words In lscusaing Canadian reciprocity. "It Is he greatest measure before the country lnce the Civil war." he declares with characteristic vigor. Opponents of the agreement agree that it is probably the greatest thing for Mr. Hill in the last lair century, though not necessarily for he farmers on this side of the border. The country as a whole, however, is with Mr. Hill In this Instance, as, by the way. it frequently has been In the pasL Mr. Hill's railroad connections with the dominion are very extensive and he la understood to have additional projects In mind. Canada wants railroads so badly that It Is not fastidious as to who ahall build them. The lateat important acheme Is for a third transcontinental road. The dominion government Is prepared to support this project by guaranteeing bonds to the amount of fully $17,000, 000. The men behind the enterprise have attained notable success In the past and with the hearty cooperation of the authorities there la every indica tion that the new system will be built as proposed. Timid Investors Oat. The remark is frequently made that tho stock market has ceased to decllno on the receipt of unfavorable news. The Indifference to adverse happenings is, Indeed, a significant feature of the pres ent situation. Timid holders of stocks have iiad every Inducement to liqui date before now, so that there is basis for reasoning that the market, to use a Wall, street phraae, has been "sold out." There can be little doubt that the great bulk of what might be termed the floating supply has found lodgment In responsible quarters, and that capital ists will not be easily frightened into selling except at generous profits. Men of the caliber of the Rockefellers. Mm- gan, Stillman, Schtff, Speyer, Frlck. Ba ker, Ream, Moore, Barucn, Blumenthal, Phlpps, Gary, Hlne, Schwab, Perkins, Rcld and a doxen others are not given to accumulating extensive lines of stocks with the Idea of selling out at small profits; they take a long range view and act accordingly. Having dis counted so much during the last 12 months, the natural tendency should be to anticipate a revival sooner or later. Br' Hrman II, Cohen. Reports of the orop situation In Ore gon and the Paolflo northwest are of a nature that no alarm need be fait regarding the produotlon. Wheat crop stands today In Its very best position and heading of fall sown is shown in moat localities. There Is practically no- place In the Pacific northwest where -the wheat crop has not received an abundance of moisture this season snd with normal weather from this time forth, tha aa-rea-ate uro- ductlon should be about the greatest ever gsthered in the three states. The ligh land sections alone the Co lumbia river generally make or un make a bumper production and there fore with prospects In that belt ex ceedingly favorable, there need be felt no alarm regarding; the 1111 produc tion. What applies -to wheat production may safely be said of oats and barley. Trait rrospeots Quite rat. While it Is generally agreed on all sides that this Is an "off year" for fruit, still considering this and the fact that ths Paclfro northwest has fathered big crops for several eonaecu Ive seasons, tbe position of the fruit grower remains very favorable. Cherries will be a very short crop; In fact a half crop Is more than gen erally believed posalble. This fruit is now ripening In the more favored sec tions of the northwest. Peaches will be from S3 to 78 rer rent of a crop from present Indications. in a lew. sections almost a full pro duction will be shown but In som places only about a half crop Is likely. Apples will be from 60 to 60 per cent of a full crop, taking the three states as a whole. This estimate ap plies to the leading districts In parti cular. - Prunes will range from 50 to 75 per cent of a crop; It being too early to es timate closer than these amounts at the present time. Pears will show from (0 to 6t par cent of a normal crop. Apricots will average fg per cent. Strawberry crop will not be more than 60 to 10 per cent. prospects for other berry crops are good but no estimate Is possible at this time. Hop rrospeeta adzed. While there naa never been a aea aon when the hop crop of Oregon was even close to a failure, the aeaaon of 111 has been so backward that It la hard to forecast what the outcome will be this year. In many nlaoea the shoots are just appearing In the ground and generally sneaklna tha tralnlna- season la from two weeks to a moots later than usual. Warm weather la needed to bring out the hen vines but with a few days of more favorable climate the Improved prospects will soon become evident Hot weather has been . known to force the hop vines to a growth of alx Inches within a single night and aa there is plenty of moisture .available to carry the crop through, barring accidents, the outlook Is much more favorable than generally aptlctpated. GOOD IS RAKER COUNTY Crop Ontlpok la Favorable; Grain Helped by Rain. Baker. Or., May 27. That Powder river valley and every other aectlon of Baker county will have bumper crops this year Is beyond peradventure of a doubt. The late reins and cold weather, the latter retarding the melting of the deep snows in the mountains, have been just to the liking of the farmers for the grain and hay fields never looked better. Mr. and Mrs. F. P. Bodlaon, president of the Cltlsens' National bank of this city, yesterday made a tour of part of the valley by automobile, going by way of Missouri flat to Haines snd thence through the foothill country on his re turn home. He says he never saw the country looklnr better and the far mere he Interviewed aay the prospecta for perfect crops never were better. In suring unusual prosperity locally this fall. Most of last vear's hay haa been disposed of at good prices and dealers are anxious ror tne new crop to come for a splendid market Is offered. "Everywhere there Is perfect growth of all things on the farm and there is little Indication of hard times In Pow der river valley," said Mr. Bodlnson. "This fall will see the beet times in Baker's history and there la no reason for pessimism or panicky feeling. With such backing as is presented by the hav and rraln fields, good range, fat cattle and all things else, there is healthy collateral for financial eonf dence. NORTH YAKIMA CROPS Pleasant Valley Crop Heavy. Pleasant Valley. Wash.. May 27. Re ports from large fruit growera through out tne coiumoia river section or oiev ens county, which hsve Just been re ceived by W. H. Anderson, vice presi dent of the Stevens County Fruit Grow ers' union, Indicate the largest crop of fruit ever raised in the district. Rainfall Record Means One of Beat Wheat Seasons. North Yakima. Wash., Mar 17. Es tablishing a record for the rainiest spring In a number of yeara. North Yakima has no cause, however, to com olaln of the extra moisture as it means an Increased output of wheat to the amonnt of some hundreds of thousands of dollars. The dry land farmera in the Taklma and Columbia vallaye are practically assured of an excellent crop this year for their wheat, and the same la true of potatoes. Tnourh this Is known far and wide as a potato coun try, last year's crop Is praetlcauy cleaned out. The rr-infall for May has been over an Inch and the weather Is still showery. Though farmers in an Irrigated county as a rule look with disfavor on rain, which causes weeds to grow mlghtilv, this spring It has been a blessing to the manv land owner nnAar h rv. don ditch, which has been out of com mission severul weeks owing to a break In the concrete. Speaking irenerallv the rnnriltlnna in the Taklma valley at this time appear excellent. With a wheat crop asaurred with an absolute lack or potatoes throughout the entire country, with the hay supplv about exhausted snd hops higher than for veare and still rising, with the pear crop normal, and the ap ples and peaches, owlnr to the Increase Irom new bearing orchards, from 60 to iO per cent of a normal crop, prospects are rood along all ranching lines. The moist spring has kept the grazing fd -A01 "-na tock ' fsttenlng up splendidly. " Grain Outlook Excellent. Wilbur. Wash., May 17. Grain Is In excellent condition and with a good soaking the latter part of June a big crop of wheat is assured. Best Grain Prospecta. Pullman, Wash., Mar J7. According to A. B. Baker, a prominent resident, the wheat crop In Whitman, Adams, Franklin and Lincoln counties Is ex ceedingly brighL They have had Just as much rain at my ranch In Adams county as we had In Pullman and that means enough to insure a good crop there, where the grain Is much further advanced than here. I regard the pres ent prospect as one of the best I have seen In Washington in 20 years. WALLA WALLA OUTLOOK CHICAGO HOGS HIGHER Chicago, May 27 Run: Hogs, 8000; cattle, 200; slteen, 7000. Hogs are Bo higher; left over 1900. Receipts a year ago 6000. Mixed, 5. 76 ffl $.15: heavy, 15.80'? 6.05; rough, 15.6001 6.76: light $6.80fr6.00. ' Cattle Steady. Sheep Steady. LIVESTOCK PRICES FOR TWO SEASONS BOSTON 1 HA A BRIGHTER TONE Prices Harden During Week and the Sales Are Showing Increase. (Total solas, 120,600 share. The following basis waa estab lished for livestock yesterday, and on the same date a year ago: 1911. . 1910. Bteers 18.26 15.75 Cows 6.50 5.00 Hogs 8.75 10.16 Wethers 4.66 4.86 -Lambs 4 8.50 8.00 Ewes 4.85 4.00 Boston, Mass., May 27. Wool market here has brightened considerably the past week, and prices have hardened. About 4,000,000 pounds in aggregate haa been sold. There Is growing belief that no tariff legislation will be passed at present session of congress. Imports for English wools this week are very heavy. ,and reports from good markets show an Improvement. New York Cotton Market. Jan 1299 Mar 180T May ....,1643 June 1541 July 1656 Open. High. Low. Aug. Sept. Oct Now Dec 1300 1S08 1543 1642 166S 1508 J 85 4 t4"tMf ,.,..180 1309 1302 1300 1800 '1297 1S01 1J02; 1295 .1607 1294 1802 1687 1541 1651 1493 J499 1850 Close. 12960129T 13040)1305 164801650 15541556 1561&1683 01500 &rsst 13041306 129701299 129701298 Wheat Hag a Good Week; Fruit Is Less Favorable. Walla Walla. May 27. Wheat has had another rood week. With tho seven days ending today, another Inch of moisture has been added to the soli. and some four or five days of bright sunshine have been included. Weather conditions for grain have never been het ter. Most of the rain fell In about an Hour Thursday evening; and light drizzles added to that. Warm, sunshiny weath er during the first part of the week. and the last day of this week, made the grain crow wonderfully with the mois ture received. "I never saw such prospects for a big crop." says R. H. Johnson, a large local farmer and mill owner. "These rains have done wonders, and there is little doubt about the crops now. I don't think any damage was done by the heavy rain or i nursaay artarnoon. Possibly some grain might have beep lodged, but not much, and what of the wheat that is in that condition can be harvested." , But fruit prospects, at least for early fruit, are not nearly so brilliant. The strawberry crop is being held back, and the cherries are not ripening as they should. Warm weather Is badly needed for early fruit, and must come soon, If the crop Is to materialize. Apples and other late fruit are In excellent condition. Hardly could the prospects be better. " Seventy-five per cent of last year's mammoth crop is estimated by the orchardlsts. Those who last year thinned their trees to a normal vleld. will this year have Just as big a crop. Most of the orchardlsts took all they could get Jast year, and must even up this season. Spraying is bein-r pushed as fast as weather conditions will permit, and most of the work for scale is done. Second spraying for codling moth will soon be on. OMAHA SWTNE JBLTGHER Market Is Up Nickel; Cost $7.10 to Land Here. South Omaha, Neb., May J7. Cattle Recelpta none. - ' . Hoga Receipts ' 7800; market So higher, to ateady; sales, $5.80 C.00. Sheep Recelpta no ? , Plenty of Moisture. Jullaetta, Idaho, May 27. Another copious rain fell here this morning. There is now sufficient moisture In the ground to mature fall sown wheat, ev en if no more rain falls before harvest time. Gardens are looking fine In the Jullaetta section, especially potatoes, which promise a large yield. Cutting Hay Crop. Kennewick. Wash May 27. In spite of the cool weather the hay crop of the valley is showing up well and withLe. a short time the hum of the mowing ma chine will be heard ffom one end of the valley to the other. A. Nevlow who lives a short distance south of the city leads the haying procession this year. Mr. Nevlow began cutting his first crop of alfalfa last Monday. Weather Is Ideal. Washtucna, Wash.. May 27. For the last month the weather has been ideal for both winter and spring wheat. Oraln fields this year are practically clear of weeds. This, the farmers say. Is due to the fact that the ground was dry at seeding time, making It possible to kill tho weeds by cultivating Derore seeding. Poor Strawberry Season. Grants Pass Or., May S7. This has been by all odds the worst season for the strawberry crop ever seen In south ern Oregon and the consignments of fruit that have come In have not been comparable to those of former years. Cutworms Damage. Hugene, Or., May 27. Oardenera re port the ravages of the cutworms In growing vegetables worse this year than ever known, and onions, cabbage and many other plants are falling un der their slaughter. The outlook for strawberries has materially lessened In the laat few days, as the cold, oloudy weather will not allow them to ripen and many of them are rotting on the vines. Berry Season Backward. Moro. Or., May 27. Cold weather this month has set the season for strawberries back at least 15 days but fruit will be all trns better for It, and more abundant next month. Fruit Not Damaged. Union, Or., May 27. That the fruit crop of the Grande Ronde valley has suffered practically no damage from frost Is the opinion of R. A. Miller of Salt Lake, an experienced fruit man, who has made a drive over the valley to study fruit conditions. Cold Weather Retards. Eugene, Or.. May 27. Dr. A. Sharp ies was in the city today from his farm near Goshen. He says this unpre cedented cold and damp weather is flaying havoc with crops of nearly all kinds. He planted his corn about the first of April, as usual, and all of it rotted In the ground, necessitating the work of replanting. Oraln is backward and fruit Is not benefited by the cold weather, although he .says he will have more prunes than expected. " Overbeck & Cooke C6T Commission Merchants Stocks, Bonds Cotton, Grain, Etc. 216.217 Board of Trade Building Members Chteego Board of Tirade, Oarreapondenta of Logan A Bryaa, Ohloaara, New Tork. Boston. We hav the onry prtvats ware eetmexrtrng Portland wlta ttaa eastern eachangaa. MORE BITULITHIC "WHYS" THE BARBER ASPHALT PAVING COMPANY Constructs Asphalt and fier Bitum inous Pavements. 805-808 Electric Bldg., Portland, Or. Oakar Huber. Manager. "Bitulithic has enough elasticity combined with smoothness and is also rough enough to prevent skidding of automobiles, which is the objection to asphalt pavement." W. K. Henderson, Henderson Iron Works & Supply Co., Freeport, La. DRAIM TITLE ! The success of a farm depends upon its drainage. 1 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 use the method that will give you the best returns Tor your money. i Write for free Txjoklet on uses of DRAIN TTLE. IiANGEfirBULLOGKrlnc; ; 601 Beck Building. Portland . : , JA , V