THE OREGON SUNDAY JOURNAL'. PORTLAND, SUNDAY MORNINO, JUNE 1 18. 1011. ? 10 MARKETS " ' t. ' Review of thc World'o Trade ol thc PastWcck - ;r ' '' 1' t i ITTTV?'-T' ' "V T T S7"H I ! " I I 1 v . I IV I ..- YARDS OF WORLD Conditions Are Such Tnat Fair Yield Is -Probable; vermm : ' in England May Do Damage ; Too Early tor tsumaies, brewer. I ' ' ' ' n. Tlt-men II. Cohen Th. world will produce a 1 Of hop. -r'nihV-.n. " , a onununc . v- l07d. th.?or. from th. fectthet there la a shortag. OT. "T'bta i.. .outlook for extremely favorabi prices oould scarcely be Improved, i i- tha hind a of M yeara ana mriur. - hn , ef the., will be needed ' Were the hop. Of OJIT6M V'tC0 r.nt r-f lva cent. waa recently pua .p fSrVn.eontnust. but thl. wm .n ptionaffUr PW under eonaitiona . Itest of th. tru. mark.t Notwlth- SufitaS ttla, lo " ...theS ea eeveral occasion recently and ther. Ta confirmed transaction at 14c a sound la California. T v , Ormn Xae Meads, t Whether th... price, are th itch level that th. hop market for 1IU wfil reach, remain, to be .een. Grower, kavabeft Weaa ao high that they can Jot fee reached at all exc.pt in excep tional Instance, where !?JISln2 ex! money for picking and cultivating ai ' Tm. of th. grower. re talking of a Wketndlf they wera onerea . tdaytbe eff.r would Ukely be "purn TtMlera. On the other hand, are mora iwtloue. They firmly believe that tb. ?rkot will rule high, but with few ex- anould go down - and ther should M Reiv ly Wved. the would b. trtnndous because bops count rapidly Into money at this level. m--A Inn Old lOM. English brewer, seem y11 fortified agalnet any wver. ad vnc. In She nrlca of hop.. Practically all the aider growth, which have been a-oeg-Jing cntbe Vaclflo coast J averal rears, have been purchased by thrEngEhtrad. and wttf go Into con- umption tbia aeaaon. - EngUah bop crop 9".!, that Ihera may be etooat . a lWhara of production thU aeejion, although auch 1. Sot likely Estimate, now being given SSt regarding the Engll.h 01 opranM omewhat under normal ywa, but all re mar. gueseea and no mora actual condltlona than many of the fueseee made on the Oregon crop re- Whlla the Ifngllah crop la full of ar- Mln mt this time, ini HWO Hi But very young and .praying may prove ef fertlve and tbua le.aen con.ld.raWy th. damage that might be wrougnt. nuiT Buun overestimated. , Aa usual It haa been found that th. aarly rporta of damare to the Oregon yarda. have been greatly overe.tlmat.d. there 1. always a cry of -dismay wherever a few hills appear to be miss ing and where there Is one such abeent Vina th. reports Indicate 10. Similar tactic, were used In djacrtb- v. rallfrrnl prB OUtlOOlC but after a few days of real sunshine It has Aieen found that the crop waa much bet r than . expected and present reports .from there- indicate practically the same output aa a year ago. There have been tlmea during recent Ieara when the Engll.h hop crop was iiit to be ruined by vermin, but on lamu of these occasion, almost a .bumper yield waa gathered later In the aeaeon. . In Waahlnrtfln there haa been a gen sral absence of damage report., there .nr. tha nutJnnk there may be said to Ihe oromiaing. In New York .tate the forospects are or a yieia woni J year ago; tnereioro w ","'" .y""v etataa aa a whole, and in fact the en tire world the outlook for the 111 bop crop la not sair poor. niaiits as Bmeooiason. Thllt th arreat majority of the hop Healers are holding aloft from the hop Contract market this year owing to the bit h ideas of growers, some of the lead ing operators have extensive contracts CROP CONDITIONS Y 0 GE IN NORTHWEST Wheat Prospects Best In Years In All Sections Except Light Lands Along Colum bia; Fruit Crop Is Fair. TRANCE RICHEST PER CAPITA While the United States Has ths Greatest AgjHTKats of Wealth, With England Second and France Third, the Latter If as More Blonej for Each Inhabitant -John D. Rockefeller Jr. Falls to Follow Financiers' FooUtepswUnmaji 8ide of Oil King's Bon Iterealcd. . s , . ; r , vV v ' . , , ; hey ara making every possible effort o keep the Idea, of growera such that jmey Will aeratna nnu ny buv. iruree, thereby aiding tne speculators An. their campaign. , It ia too early to say what th. price Uf bona will be this season, but at the aSreeent time excessive values are offer On fnr contracts and the market has fione above the present level (for spot -nrjim Kiit f hw timaa and then only ffi or short periods. VOOL MARKET MORE !. : , ACTIVE AT BOSTON Boston. Mass.. June 17. Considerable wool 1. changing hand, on the Boston market and there ia more activity than 'appear, on the face. A few million 'bales, mainly from new clips, have been !old and all strong features are main tained. The Oregon wools, however, are f enerally quiet here, Boston dealers nav ng so far purchased between 60,000,000 tend 70,000,000 pounds of the new west iern clip. Hail at Eltopia. Kttopla, Wash., June 17. The most severe atoms in the history of this sec tion struck the country west of here Monday. The storm, accompanied by hailstones, some as large as a dime, ! lasted for several hours. Rain fell in torrents. Lightning struck in the vi cinity of some haymaker, on th Holt ranch, scattering the workers in every direction. The nail has done no dam age to the growing grain, but the rain was neavy . enougn in pieces to wasn out parts of alfalfa fielda. Begin Strawberry Season. ' , Caldwell. Idaho, June 17. S. O. Smith, manager of the Caldwell Fruit Grow lers' and Producers' association, la one j f the busy men in th city Just now at th berlnnlng of the strawberry season, which is fully ten days later than last, on account Of unfavorable weather conditions. Some of the first blooms were frost nipped, but scarcely enough to affect the crop - which, with in new naicnes coming; into neannr, premises to be heavier, than the 110 output. - - , By Hyman II. Cohen. Weather condition, w.r. again such as to further all growing crops during tb past week. Th outlook for grain I. better everywhere, although rain. ar. till needed quit badly In the lirht land sections or ui. Columbia river In Or' gon. Prospect. In every other section ar the beat In years and good straw Is reported. Harvest of hay has started In many of tne eany section, ana in. cutting would indicate fully a normal outout. Smi alfaira is already entering the markets and an excellent demand haa been ihown. Th hop yards of th Willamette val ley ar showing better growth than dur ing the previous week, when the weather waa a trifle too warm. No vermin ar reported and thla la one of th beat In dications of a good crop. Htrawbarne. are now coming forward from the late di.trleta but taken aa- a whole th. total outpat of tilts section will not b. more than CO per cent of an average. rrom ail .ecuona report are oomlna forward telling of Improved prospect, for th. Peer crop. Early damage seems to have been greatly overestimated. Peaobe. will' be far better 'than rr- Feoted. Th aeaaon has progressed suf Iclently to see th effects of the recent damag and fully a quarter more fruit la now expected than was anticipated earner in ine aeaaon. Prunes show practically no change. Mo dropping la yet reported and until the regular dropping aeaaon a tart a it will be unwls to make any definite -timet of th coming output Umatilla Wheat Frospects. Pendleton, Or., June 17. "Present Indications point to a wheat crop for this year that will be far above normal," declared EL W. McComa. thl. morning. McOomaa Is on. of th principal buyer, of whaat In eastern Oregon and 1. al ways considered an authority on grain conditions In general. . . "Five million bushels Is generally considered a normal yield for the coun ty and ther have been but very few years when thl figure was surpassed. The harvest of . 1907 was th last big year. We harvested more than (,000,000 bushels that year and I would not be surprised If we . harveated nearly or quit as much this year. "Of course the grain Is not threshed yet. but the prospect, ar certainly in dicative of a normal crop and th chance, sr.' for a bumper one. In any event th yield will be greater than last year." Bnsy With Cherries. Clarkston, Wash.. June 17. The pack ing houses are handling Blng cherries and Royal-'Anns in - largo qnantltlee. The warm weather 1. rapidly ripening tb. fruit and If- It continue, th same for a counle of day. longer It I. ex pected that th. bulk of the crop will bo picked oerore tne en a or the week. Pickers and packers ar in demand and the crop im being handled to good ad vantage. The prices ar good, and the quality of fruit la auch that not many culla ar. being found in the boxes. Potatoes at Klamath. Klamath; Or.. June 17. Potato plant ing I. still In progresa on the slopes of Mount Buena Vista, In ward five. Those clanted but a few weeka ago are coming through the ground and grow ing rapidly. This 1. an ideal spring for all crop, to grow. Growing Bermuda Onions. Kennewlck. Wash., June 17. F. F. Fox of Spokane aspires to th onion king title of the Columbia River valley and indications are mere win ne none to contest the honor with him. Mr. Fox has a 40 acre tract on the Kennewick. seeded to Bermudas, from which he ex pects to harvest 400 tons of marketable onions. The sale of his crop, Mr. Fox figurea. will net him $8000 or $200 an acre. By Preston C Adams. (rBkUstMre' rrssa Leaaee Wire.) New York. June 17. There Is a gen era! aort of an Idea that the United States Is th rlohest of all countries In th aggregate thla Is correct but when It cornea to per capita of wealth w ar a bad third. L'Amerlln Finan cier, a ench publication which 1. rec ogaiaed ae an authority on such matter. haa Juai la.uea rigure. on tni. euDject which are interesting. Thea .how that while the wealth of th United Btete. in th. aggregate I. 1115,000,000.000. aa against s,uo.ooo,ouo ror ureal imt aln and $83,000,000,000 for Franc when the per capita of wealth I. considered however ranee is esvsiiy in th lead with Oreat Britain a rather cloa second and the united Statea a poor third. The ?er capita of wealth for Franc is $2070 or Oreat Britain $1171 and for th Uni ted Btatea lllil. It would b Interesting t know how thl. wealta is distributed but unror tunaUly no such statistics are avail able. If they were It la not Improbable that th abowing for tn united States would be even less favorable, for ther la probably a greater concentration of wealth In this country than in any ether In th. world. ' In a recent speech Lloyd Oeorga, the British chancellor or th exobecquer. mad th statement that there were onlv about 14,000 or so men in Oreat Britain who would be Uabl. for th. eur- Jax on Incomes, having an Inoom-of 26.000 or more. It la probable that lew Tork city alon would greatly exceed thla total. While fortunes ar sometimes quick ly mad in American mlnea It Is a melancholy fact that not every man who Invests in mining stock quickly gets en Eaay street thereby. . una or tn financial papers tna otner day had a rather grim Jest on this point In Its advertising column. In th. shape of th. following advertisement: . "Will exchange I have 6000 share of a once well known mining and leaa- Ing company. Will exchange aame for one aettlng hen and IS fresh laid eggs, Leghorn preferred. Only permanent In vestors need apply. -GET-'RICH-qtnCX." Last Jury ftOI.000.000 was distributed In dividends and interest, and as an even larger sum will be paid out next month our principal underwriters and Investment nouses- are making active preparations to . attract the reinvest ment or this money. The Journal's rec ords ahow that Juat ever $1,000,000,000 new securities have been issued since January 1, yet Investigation reveala that muon new financing la contemplated. The June offerings of new bond. and notes ar likely to exceed laat month' total of $166,000,000. The re sponse to recent applications for capital haa in nearly every cas been highly wieiaciory ootn aoroae and at noma. Th present I. a peculiarly propitious murasni i or ooverinr reouirernenta: in deed It is Questionable If eomlltlnna tin long remain as favorable as ther ar Money everywhere is abnormally cheap. In London discounts ar only a Shad above I per cent. In Parla the quotation la S per cent. In Berlin It la under I per cant. In Amsterdam 14 per cent, while In New Tork call money has oeen in superabundant supply at S and 2 par cent, time rates until a few days ago Wr on the baala of IU nur oont for abort maturltlee and t per oent for sit montha, and commercial paper wa. very scare at I pr oent. ( Our olearlne- houae hmnka kin km carrying reserve, far In exceaa of legal requirements, and the plethorlo state of out-of-town marketa haa been reflected by receipts on balance from th Interior to th extent Of well eho-ra XlAA AnAOflA since the opening of the year. Nearly 1,000,000.000 new eecaritlea have been issued In the United Statea daring the ecurrent, year. The xact total, aa compiled by the Journal of Commerce and Commercial Bulletin, has been $l,S10,t60, aa Increase of $71,- 02,IS over last year. Th railroad output reached th hug flgur of $711,- ?!$-900iurln' th Ifat flv months of 1010. the Increase havlnv thn hn $1M.$7I,00. The industrial total of ii,ro,vog snow, a decrease of $7,-141,(60. John D. Rorlrfalli Tl haa m dl.taate for buatneaa affatra mA 1. t- said that hta father haa almost despaired niaiuiia a. great unancier or mm, not withstanding hi. r en e rally admlttiia ca pabilities. His Interest In th welfare ef th employe of th great trust his father has established has, however, made him th most popular of the aons of multl-mllllonalres who make their headquarters at 80 Broadway, i Many stories Illustrating hie human side are told. Among them ! on that when his father first .ent htm to learn the bualnea. on the first rung of th. ladder he waa assigned as a clerk ln the ship- King department One day the clerk, a r. Brown, who bad tb desk next te him. sent word that ha had been taken alck. Th next day young Rockefeller also sent aa excuse. Me wa. missing ih. next day and th next. Their the head of th department .ent another clerk up te Brown's hall bedroom to In- ?uire aa to his condition. Ther he ound John D. Rockefeller Jr., alttlng by th patient's bedside, reading to him. the heir of the Rockefeller millions had employed a doctor and waa not only paying all the bills of bis fellow clerk, but was spending th greater part of each day ministering to his wants. War It possible at this time to ob tain an accounting of stocks of com modities in the United States, tb. reoerd would hare an important bearing on expectations regarding ths Immediate business outlook of the country. Re striction ef oensumptlon and curtailment of demand nave progressed for se long. yet in so irregular a manner tna it haa become difficult to tell With any degree of accuracy lust bow. in this re spect, the Important Industries stand. TTniike the ooDDer trade, the other big industries do not make publio figures of surplus atocka. in dry gooes, production na neen so sdju.ted . to oonaumptiv require ments that now It 1. acknowledged on every hand that th. trad nas rid it elf of surplus stocks to such an ex tent that nnaold sunnlles ar th small est In a number of year a. As to tb Iron trade estimates ar dlffloult latat December it waa figured at Pittsburg that the country s unsold surplus or iron waa 1,600,000 .tons, which would have approximated th highest surplus ever experienced. Th Increased demand which arose temporarily In February and March must nave anaorDea pan oi .mis surplus. Whether they have Increased again, la tb subsequent alackenlng of business, is a matt.r or .peculation. i; GENERALLY LOWER IN LOCAL YARDS Cattle and ' Sheep ; Are ; Easier .but Hogs 'Are Fairly; Well : Maintained; Record Break ing Run In Mutton Division. MRTf.lMrt V tvrimv.w Week .'Mora Cattle f Khn June 17.. ...1107 June ia ....1781 Jan I .....1440 May 17 ....147$ May tO ....8016 If 10 . 618 8044 . JIM 160i to '- If. 4 1674 710 7I0S 4888 1116 ST. LOUIS BUYER HOLDS UP WHEAT Short Plunger Begins to Cover and Saves Market From the Bottom. THE BARBER ASPHALf PAVING COMPANY Censtruet Asphalt and setter Btturn Inoue Pavementa. .-08 Electrte Blag, Portland. Or. Oskar Hub iUnage. Prepare for Harvest. La Grande. Or.. June 17. Farmers In the southeastern portion of the valley ar beginning to prepare for hay har vest. The high prevailing prices the past season practically cleaned up all stocks which will Insure good prices again this season. Finds Fruit Pests. Marshfleld. Or.. June 17. P. M. Hall- Lewis, fruit Inspector, visited the Co qullle last week and found some fruit pests, for which he will furnish instruc tions for destroying. Powder Valley Crops. Haines, Or., June 17. The crop out look for Powder valley was never bet ter than at the present time In spite of the lateness or the season in eastern Oregon. The steady rains oi tne last week have done a world of good to all crops which are looking fine. More wheat has been sown than ever before In this county. Oats and airaira give great promise of large yield, and the former crop will be of high quality, probably In ex ceaa to the high standard of Baker countv oats, which have frequently won prlxes at agricultural shows for their fine quality. The alfalfa crops ar looking; fine and bountiful crops are expectea. There will ne no snortaee or water such as caused trouble last year. The snow In the mountains is melting slowly and the reservoirs are sure to contain a supply to last the entire season. - last year the snow melted rapidlv and prac tically all the mountain snow went off quickly In the spring, causing a short age nearly an summer. Rain at Trinidad Helps Grain. Trinidad. Wash.. June 17. A heavy rain fell this week. It will be of great benefit to the wheat, as the hot wind was telling on the early grain. . High Strawberry Prices. Walla Walla. Wash.. June 17. Straw berry prices here are the highest known. On May 9 a crate of berries wa. worth to its grower $6, and this price beid for half a week, while berries were com'ng In the market in good shape. For the next eight days berries brought $5 a crate, and It was not until the first of June that the price went below the $4 mark. That there la any overproduction this year that will cause a drop of the mar ket has not appeared in the berries, for last . year there were but nine crates that brought better than $4.60. The average price last year was far below that of this rear, which will be the beat ever received here, it is thought. Strawberries are being- sold as fast as they are picked and the demand is keeping. ths supply mighty busy.. . Big Cherry Display, The Dalles, Or., June 17 A' display of 100 boxea of fine Dalle, cherries will be placed in one of the windows of the Meier & Frank store next Tuesday, June 20. The exhibit will be composed of the famous . Royal Ann-and Blag varieties, which are largely raised here. The dis By Joseph F. Prltchard. Chicago, June 17. Bull longs in wheat wore a discouraged look today a. they witnessed prices tumbling low er and lower ana haa not tne ot. iouis man, Lanyon, covered some short grain during the laM . half hour, the bottom prices would doubtles have been the resting spots of the session. Along with a dosen or more local specula tois, wk. ahA .k. C T...I- .l.in... WW law wiv i V -j an. U l aLMSU.o Lriwiigni Dougnt rreeiy or noin July ana upeiem ber and there were reactions from th bottom price of H0Ho, but there war no decline, for the day of T4o. The situation In wheat could hard'v be more bearish than at the moment and prices are aure to work to a lower level unless something unforeseen turns up to give aaslstance to a waterlogged cash situation. There wa. not a sale of cash wheat In this market today while the country forced a round lot of the new or op onto cash handler, here and many points In the southwest were asking for bids for grain new held either on the farms or country elevators. The recent rains that have visited the corn belt, are reported from rellabl? aourcea, a. having been Inadequate to relieve tne growing crop any more tnan temporarily. Every .tate in the corn belt shows an alarming lack of normal moisture. Prices closed today with losses of UHc, yet resting spots were above tne lowest levels. Oats were &hic higher but th volume of trade was small. Trade in provisions was of the small est Outsiders were absent and the professionals were not inclined to make new commitment, over Sunday. BEABS HAVE INNING F IS HAVE GOOD FRIEND R STOCKS Dick Miller of Front Street Mends Broken Limbs and Has Many Pets. Excellent Weather for Harvest of Crop Adds to Weakness. (Publlahera' Preai Leaaed Wire.) Chicago, 111., June 17. Bears had the advantage today of the excellent weath er conditions for harvesting winter wheat and the growth of spring wheat Their greatest advantage, however, lay in tne enronic oearisnneas tnat pro ceed, from the large stock of old wheat In store at Chicago for which ther la no market at present New wheat was nought to arrive In July at September prices, est Lrouis received tnree cars of new Missouri wheat Farmers in the northwest, In view of their fine prospects for harvest, are selling freely the remain, of their old grain. At the close there was a decline of 4o in July wheat Corn and oats shared the depression of the wheat market and provisions alone of the large speculative commod ities showed resistance to the bearish feeling that was in the atmosphere of the others. Official prices: WHEAT. Open. High 87 H 87 87 87 8t) 89 COR 64 V 64 55 66 64 Vi 64 OATS. 87Ti 88 88 89-. 40 40 4 1526 1616 LARD. 816 880 July Sept. Deo. July Sept. Dec. July Sept Dec. July Sept. jjow. uiose. H 86ft 86 A Vi 86 86HB 4 88 89H N. 84 64 A 66 65 A 641 64A 88 B 89 A 40 ,.1623 ,.1615 87 38 40 1622 1515 1522 1615 July Sept Dec. 816 830 815 827 July Sept. Jan. 880 826 RIBS. 880 827 815 827 800 835 826 827 822 756 Butter will rise 1 cent a pound again Butter will advance a cent a pound on Monday morning, a cording to announce ment made yesterday. The new price will put cubes and tubs at 24c a pound. Squares and packing will bo extra. New York Cotton Market. Open., High. Low. Jan. ....1336 1838 1328 Mar. ....1340 1841 1837 May .... ... .... June ,...1 . . : . .. July ' i,... 1607 1510 1481 Aug.' ....1475 1475 1455 Sept. .....1362 1868 1852 Oct 1837 1887 J$27 NOV. .... ... , , , ..... Jjec V.1I3 V l'.j2l Close.' 1J2880 1335W3S 1339041 1473 1485 1459 1862 1827 mWHxiPtvw jwjywj'i.'n III II : I RALLY AT CLOSE Report From. London Brings Good Buying of Amalga- mated Hill Issues. Richard H. Miller, Front street has a man . who Is the friend of every crippled chicken that comes to tne fortiana mamei.i iticnara H. Miller, known as Dlok Miller, has perhaps put more fowl, on their feet than perhaps all other Inhabitants of Portland put together. Mr. Miller is an oldtlmer on Front street and for years has been connected with the commission house of Frank Templeton. The hurried shipment and rough treat ment that fowls receive In their journey to tn. Dig city market orten cripples many of them. Sometimes they arrive with one leg. broken, sometimes two need repairs. At other time, one leg is entirely missing and in this case ex pert care is given by Mr. Miller. One day a few months ago a crippled rooster was received in the lot of poul try that arrived on the street The fowl was in bad shape and ordinarily would have been killed at once to end Its mis ery. With careful bandaging of the wound. ed member and a day or so of rest the rooster was able to walk around the store. In a short time It became a pet and since that time has insisted upon bossing" every cnicken tnat come. In a coop, A short time ago a goose arrived with a broken leg. After thla was mended by Mr. Miner, tne Dig rooster paid avvlsit to that side of the house where the goose was resting end they became in stant friends. Som time after this the two would visit throughout the house and at times would visit other stores on jfTOt...streeL : ;..... , , . PRICE OF WHEAT , AT WORLD'S CENTERS 4 Portland Cash club' 87 88c, bluestem 97988c. 4 4 Chicago No. 2 red 86 88c, 4 July 86o ask, September 86c bid. 4, Liverpool July 6sl0d. Oct- 4 ober 6s8d. 4 , Bueno. Ayree Wheat steady. . 4 4 - Budapest Wheat 1c lower. . , 4 . Antwerp Wheat unchanged. . - Berlin Wheat lc higher. , ' 4 Mtnneapolls-July 92o bid. 4 September 91ttc bid 4 V ' Winnipeg July 9e bid, Oe- tober 88H0 ask. ; v;' .a. w Dulutfc lulm 4oi! ask, 8ep4- tember tie ask.- By Thomas C. Shotwell. (By the Intaraatloaal Mews Berrlee.1 Wall Street New Tork. June 17, Stock, clo.ed strong and In th. midst of a rally today with. Amalgamated Copper the leader. At th opening standard la.uea ahow.d fractional gain, due to more favorable weather In the grain belt but shortly after the com mencement of business professional traders offered Readina- and th Hill hares in liberal enough volume to cause a aecune or nearly a point In those issues ana a sympathetic fractional re cession in union racirio, HteeJ and other high class Issues. When prices were at tiie loweat London cabled that the fortnightly state statistics Indi cated recession in European stocks of cupper 10 tne lowest amount tn two years. - uoon Duying or the copper stocks Immediately appeared and their sirengm naa sympathetic influence on the rest of the list, resulting In a rally that was In , full progress when the session ciosea. Heading and the Hill snare, closed of the fractional net losses, but Amalgamated showed a gain vi a. puuiL, me rmiance or u list Do ing practically unchanged. Improvement In the fundamental con- aitions as evidenced by the better de mand for steel and copper, together with a further Increase of the balance of trade in favor of the United States, has been the chief development In the financial world .the past week. The only- unsettling factor waa the .contin ued tack or ram in the grain belt that nas causea unaue apprenension regard' lng the crops. Description ; Openi Hlfhi Low Bid AmaL Cop. Co.. Am. Car & Fd'y Am. Can, c 4 f Am. Cot. Oil .7 o . Amer. Loco., c . . Am. Sugar, c . . . Anaconda Mln. . Amer. Smelt c .. Amer. Woolen . . Atchison, c B. A Ohio, o Beet Sugar B. B, Transit .., Can. Pac. c Central Leath., c C & Ot. west . , dO Df d C. M. & St, Paul C. & N.. c Ches. & Ohio..., Col. F. 41.... CoL Southern, e, Con. Gas corn Froaucts, c Del. 4 Hud D. & R. a., e... Erie. com. Gen. Electric,.. Ice Securities . 111. Central Int Harvester.. Int Met. com. . . Lehigh Valley.. Kansas City S.. Louis. 4 Nash. . . M., S. P. 4 S. M. M.. K. 4 T.. C. Ma Pac. National Lead .. Nev. Cons. , . . , . N. T. Cent,'....:. N. Y., Ont. 4 W. Nor. 4 W., c. . . North Amer N. P.. c Pac. Mail 6s. Co.! Pa. Ry P. a., L. & C. Co. P. S. Car. c Reading, c. . . . . . itep. x. ac a.f c. . do nfd Rock Island,, c. . St. L. 4 S. W., 0. S. Pacific. 0. . ,. S Railway, c... Texas 4 Pacific T.. St.L.4W.. c. Unloq Pacific,, o. U. 8. .Rubber, c. U. S. Steel Co., c utan copper. . Vir. Chemical. Wabash, common West Union Tel. Westing. Elec. . . Wis. Cent, con. 70 71 fo 67 $7. 66 "sin 'iH U" 12 43 41 'ii" ii" "40 82 83 82 2 iis iis iii 108 108& 108 64 54 63 80 80 80 289 240 239 127 127 148 148 148 83 88 83 'i.5 'is 'i4' 35 '85 86' 162 162 162 18 'l8 'iJ 177 178 176 iiV m" i36 87 87 87 60 60 60 56 66 66 20 20 20 110 111 110 45 45 44 107 107 107 134 134 138 124 124 .24 lt8 106 106 j 159 iiS9 158 302 80 80 'ii ki 82 32 32 120 120 120 81 Sl Il 185 185 184 '78 "78 '78 61 61 50 65 66 54 88 38 '88 75 '7 4g By Hymaa Ii: Cobea. 1" Lyn ot absep and lambs Id th Nertlt Portland arda during the paat waa a record breaker, a total of .t neao ting received during th six days. x. , ... That lower price resulted from this huge marketing was but natural but ths decline was not 1 nearly as heavy as miani nav oa expected when bidders wre few and supplies liberal. Not until th last day of th week waa ther any break In the steady ton that has ruled recently for sheep, A drop of about Ho was forord In wether with a sale at $8.80 but though ther wer no acacia! lamba orrrin that market showed a further concession of Mac to tn ouyers and $6 is now con sidered the top. ' Considering avervthlnr the ah mrs anA lamb trad haa been held at extremely high prices at North Portland. While recently ther haa been quite a fair im provement In th mutton trad of th east and centra west valuea here have been about the beat In the country and from e primary point of view, the best In th world. Sheep and lamb prices at North Port land today: Tearllngs ., ..I Wethers i 8.60 Ewes $00 Lamb. 6.00 Feed sheep ........... 3.00 Cattle yob Satlsf aetory. -The situation lu the cattle market I. not satisfactory. With higher prices ruliner In the country than here, baaed on delivery at North Portland, shippers have been keeping away from the mar ket and packers will soon be in a posi tion where they -will need some stock and need it badly. The starving pro- raaa rwantlv had a COOd effect but there was quite 1 fair run durinr the paat week and this gave buyers more courage to aepreae, m nwno " Total offerings st North Portland dur in th. aiT riava wer 1610 head com pared with 698 last week and 1607 a month ago for a Ilka period. -Th. xattia situation has recently shown an Improvement at eastern points and therefore It is not uaeiy mi k.. imnnriitlnni from there to the Pa cific, coast will Be made soon unless our market does better or else th. Improve ment is lost ... . Nominal cattle values at nonn rrv Best steers $.006.45 Fancy grain steers' "-go Ordinary ateers 6-75 Best grass steers Beat cows Medium cow. 1 ?66-00 Poor to fair cows 8.004.ou Raat bulla . .4.60 Fancy bulls 122 Ordinary bulls $.75 4.26 CALVES. Best light f 7.00 Ordinary ',.5i Poor $.00 4.00 Soloing- aogs Steady. There wa. little change In the -swine situation at -North r-ortiana nunng mo past week. Recelpta consisted princi naiiv of Missouri river stock, which w.m nnrrhaaed direct by local packers. The few loads of local hogs that came forward naturally found a demand from the smaller killers, these being the ones that are holding prices up, at ime umr. Tn th. enat there has again been an ImDrovement In the hog trade. Chicago was quoting tops at $6.30 yesterday while at South Omaha $6.05 was ob tained for best This is on th basis of 87.11 landed at Pacific northwest PNominal swln values at North Port lend! - - Best blockers $6.8506.9 Medium light f-7R Rough packers 5?2?S S?H Feeders i.vwi.- Paat week's run of livestock compare with the same period in, recent years as follows. Hogs 1911 .............lg?7 1910 ; MJ 1909 f0 1908 ..., 697 1907 24 1808 lftftK . . 819 A year ago tooay mere was eieaay tone In all lines of livestock with no change In prices. Week's xepresenxaiivs naiss. Following are representative sales of the week. They Indicate demand, sup plies and quality offering: B t tun-tta. - Average lbs. 1299. ..........1208 a e . O 1 254 ....1817 ....1040 1121 CITY DF S1IEY IS SUCCESSFUL AS A WOOL MARKET Auctions There Are of Exten- ' sive Character and Attract - Leading Buyers X)f World : London; Is; Hurt. u. ., ..'. By Henry D. Baker. 8. Vlv.-Consuraen.ral. Auckland, imw ,eaiaDO. Cattle. 1810 2332 ! 1413 J222 1871 ' 1027 670 Sheep 9574 3620 8044 3878 1166 3603 1816 The rapidly growing Importance of Sydney, Australia, aa wool market la ahown by, the figure, of sal, for tb. paat three wool year. In th 1907-8 season 699,008 balea wer. sold; -In 1908-9, 746.609 balea: while In 1809-10 the sales were 816,830 bale. Th -wool aoM at the 1909-ID vdnev ssles represented a vaH. of approxi mately $66,000,000. The Sydney sales are bigger than the other Australian sales put together, and ar gaining at such a rate a. to threaten the suprema cy, of London a the world' greatest wool - market Sydney already domi nate, th. market lor merino wool., and In- th aales of Australian wools gen erally It now cornea within several mil lion bales a year of tb London market. Th greater part ef th Sydney wool, Including chiefly merino, goea to th continent of Europe, especially to Oer. many and France, wbr it is mostly spun Into fin fabrics ' for women's dresses. English manufacturera, who special ize more in long coare wool for men's clothing, ar buyers of crossbreds rather than merinos and buy at other Austral Ian market rather than Sydney.' Fins merino wool that will wind out longer than 64 hank, to th. pound la bought for French and German houses, who will usually not tk It below 64, while English houses will seldom take it above 64. 'Th American buyer, take th cleanest, brightest and finest wools they can get, Inciudliyr both merinos and the beat grades of crnaabreda. aa th tariff at horn renders It unprofitable to Im port other than tn beat and cleanest wool. . ' -. f Taoilltl. Attract World's Bayers. Th rapid growth of Sydney aa a wool market seems to be due not merely te the increase or sheep - riocxs in N South Wales (present number about 47, 000.000). but also to the constant 1m provements In th local facilities for buying and selling, storing and handling wool, wnicn nave causea id torsi mar ket to gain steadily In popularity with both buyers and sellers, who now con summate large transactions here which rormeny were carried out in London. Competition for the handling of wool at Sydney is now extremely keen, and haa led to erection of enormous stores, fitted with the most up to date appli ances, -mere are iz rirm. engaged in this business here, most of them with very large capital. They show Ton al d Preble enterprise In their efforts to gala the trade of Australian wool grow- era and of the wool buyers who come nere every year from England, Bcotiana, Germany, France, Belgium, Austria, Italy, Japan, th United States, and other countries to attend the wool sales, and who naturally prefer to buy through whatever firms they think can offer the best assortments and provide the most convenient facilities- for inspection of wool and for preparing It for ship ment to the countries for which It may be bought. - Some or the wool ware houses in Sydney sre six to eight acre, in area, with five or six floora. and with capacity up to 60,000 bale, of wool. One floor will be used for display of samples and other floor, will be equipped with powerful machinery for "dumping" th wool (technical xprea slon for compressing th- nales snd holding them tightly with steel hoop) and for weighing, conveying th wool, tc. Catalogues for Auctions. Th wool Is sold at auction by cata logue, the preparation of the eata- loguea often involving an enormous amount of labor and attention to detail. The catalogue of the sale under way at the time or my visit overea nearly lO.OftO bales of greasy1 wool, which. I Concluded on Following Page.) 103 steers 83 steers 76 steers 70 steers 102 steers 25 steers 74 steers 1043 COWS AND HEMTER8. 35 speyed heifers ... . . . 877 28 cows . 944 24 cows 989 28 cows -. ...... a.... .... . 932 9 cows ............... 927 1 cow 960 STAGS AND BULLS. 2 stags .1396 7 bull. ..1435' Price, $6,26 - 6.25 6.10 6.90 5. Mi 6.70 5.60 1 bull 4 buhs 311 feeders 89 light . 7 yght HOGS. .1280 ..1390 ,. 116 ,.162 211 $5.80 6.85 E.25 5.15 6. CO 4.00 $4.50 4.50 4.25 4.00 $7.85 7.00 6.8 $4.00 4.00 8.90 3.60 8.50 . 3.25 3.00 2.00 ; Prepare for Connelt JftwesCv ' Connell. Wash., June 17. Farmer, are busy - getting ready .for - the harvest which -t will soon be on In full force. Some of the- farmers . are now cutting their hay anA getting ready for- th j harvest proner. v.r.----. i 197 Iambs 61 wethers 469 wethers 290 mixed . 68 ewes .. 178 mixed . mixed - ewes . . 8HEEP AND LAMBS. - 75 90 95 , 89 116 .85' 134 -82 Eastern Pavements Rome, N. T., report, a. " follows: "The probability i. '(' that vBltullthle pavement will be laid In Garden street, a. that pavement has been down for several year. In North James street end Jt give, the best of sat isfaction even though It does cost a little more than asphalt' There Is not a ,. crack in th whole mil of th street? ' Overbeck & , Cooke Co. Commusion Merchant . 1 Stocks, Bonds ' Cotton, Grain, Etc , " : 216-217 Board of Trade Building, Member Chicago Board of Trad a Correspondents ef Logan A Bryan. Chicago, New Tork. Boston. W have th only private wire , eo tweeting Portland with tb -" eastern scbangea. . : 9 -Ber- " Walla Walla Berries. . Walla. Walla. Wash.. June 17 rles are at the height -of , season" and are selling for $1.60 a crate. - Many nave oeen soia tor is tni. year, how ever, the prices straight through being the best known here. Cherries are on the market In large quantities. In vegetables, peas, turnips, beets and similar vegetables are offered in large quantitiea. . v i s,';-'.-:'- v-v.f' . " " - . j , , 7. Ltrerpool Wheat Market. ., Livertjool.: June -17. Wheet Jrinaa- sat ;i DRAIN ,TIHiE ; : 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 th increase of the productiveness of the soil is remarkably large. . ''yz- 4( ' Why not use the method thit will give you the beit returns for" your money. - . ' " - f Write for free booklet on ites of DRAIN TILE. " T LANGE (k BULLOCK, Inc. ?. - -601 Beck Building. Portland V , ' , -v 1327(929 .1330 $31 play will remain a week. , , ,k July,.6S lOltdi.Oca $d.,v a .:,-r