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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 9, 1911)
Review of ttte World's Trade of ttie Past Week PLinER MARKET CROP SITUATION SHETLAND PONIES DO WELL IN OREGON WILL BE 2 CENTS Poultry- Cleans Up Well After Week of Heavy Receipts Tomatoes Scarce at Ad- - vanced Quotations. Wall Street Also Has to Con Iff ' i 1 Western Oregon Farmers in Fancy ; Spring Lambs Bring Extra High Price, Illustrat ing That ' Market Will Pay for Good Stock. .V.T .H it e tend With Acute Unsettle Clover, Figuratively Speak ment of European Security ing, Say Reports From Var Markets. t 4 ious Districts. J SPLENDID CROPS IN VMS OF II , SISTER-STATES DEMAND BRINGS ML DOMINATE STOCK MARKET STRONG ADVANCE irnnjiPi7A ripp w .L 111 SS SC mm II In II SI - St if im i jmnr r mc S ill 111 LHIAUL LUIO Monday morning butter will advance S cent per pound, so It was announced yesterday afternoon. The cause of the dvanc Is said to be shrinkage In the cream production, a strong- demand for butter and advanced prices in the east several days ago. It was stated last night that conditions really warranted The cheese market was strong all week and It would surprise no one ex cept consumers perhaps to see an ad - vance soon. The orders have been com ing from both north and south and deal ers have been unable to supply all the ."wants. Tillamook cheese was quoted t 14 Vie yesterday. ; The poultry market suffered some Muring the week from overaupply, but jit cleaned up pretty well for the week land there will not be much of an over- if low for tomorrow. Old hens moved .rather slowly, but the springs met reial- . 3y with a better demand than during .. ilhe preceding week. Duck cleaned up (well and there seems to be a good de- Cnd for them Just now, the Chinese ing taken a notion to duck dinners f late. Fifteen cents was readily paid ' -Tor all that came In Friday and Sat ' hirday and some advance orders were jplsced on the books. ' I The fruit market was good for the week, but should be till better this fareek for it will be time for housewives So out un Logan berries, cherries and ; blackberries, these being the frultB that will be fully in season about this timet f' jRaspberrles, too, will be In demand, al though they have been in the market or several days. Tomatoes are scarce- ja.nd command good prices. The Mississippi valley pro . Sduct is about to disappear and the Cali fornia crop Is slowly making Us np gegranoe. This Is the reason for the (scarcity. California tomatoes were squoted as high as $2.50 per crate ye fterday afternoon. Early in the week Mississippi tomatoes sold as low as 80 (cents per crate. , Scarcltv of cantaloupes is predicted ;for the week. Water melons will in til probability be more plentiful than during the week just closed and should dome cheaper, 'he grocery market was marked by eral advances during the week, sugar (advancing " cents and corn products p cent Coffee showed tendency to ad vance and it is predicted that It will jadgHnce 2 cents per pound within the Jiext 60 days. The predicted advance ia FRONT 8TREET QUOTATIONS art in, Flour ana Hay WHEAT Nominal. Tracx dallverr ".luta. 83c: hluestem. 85c: fortv- jfold. MCT86C; Willamette valley. 8oc; red Russian. 84c; Turkey red, 90c OATS Nominal. Producers' price .Track. No. 1. xhlte, $27.80; gray, 127.00, r BARLKY Producers price 191 a ed. $28: rolled. f29.50: brewing. $29.00. I MTT T BTTTTPira B.lllna- nHc RraiL 21.00; middlings SS1.00: shorts. $26.00; fchon, $1. 009 2 5.00. f HAY Producers' price 1 810 Valley 31mothv. fancy. $17.01018.00: ordinary, 3U.00 17.00; eastern Oregon. 119.000 71.00; mixea, jiB.onini ib.oo; ciovetr, 1 1.00: wheat, $12.0013.00; cheat. innivnn- .ir.ir nav n l nora l :.od ats, $12. 0001 J. An. T FLOUR Old crop, patents, 4.8: Willamette, $4.80 per barrel; local fctralgbt. t.9l& 65: bakers. $4.4604.68; Sexport "Trades. 1 60 8 80. f Batter, Tin nd ronltry. BUTTEH Extra creamery, cubes and gubs 26c. pints J7Hc; ordinary prints, 244J26C; dairy. 18019c. f BUTTER FAT F. o. b. Portland, per bound, 2Se. I POULTRY Fancy hens. 14H01Be; Ordinary. 14014c; springs. 1718e; tgeese, 10c: live young ducks, 1516c: old Vducks. 14c; turkeys, alive, nominal; dressed, nominal; pigeons, old $1.00, -young S2. 0002. 40. j EGGS Local, extras, 22 23c; case eount fresh. 20 W 21c; spot buvlng price, too t o. b. Portland, eastern fresh, 19 50c. I CHEESK-New Oreenn fancy full rream, triplets and daisies, Uc lb.; JYoung Americas. 16c; storage, flats, Slo; California flats. ISc. - Meats. Fish anfl Provisions, i TOE8H BEEF Wholesale slaughter ers' prices: Best steers, 10 '4c; ordinary, Vie: best cows. 9c; bulls. 7c. CRE8SED MEATB ront street cy. 10c oer Tt.: ordlnarv. So pound heavy, 78c: veals, extra. spring lambs, 11012c; mutton, 7 8c; Jgoats. 4c; beef. 609c. f HAM, BACON, ETC. Hams. 17 H Slttc: breakfact bacon, 17027c; boiled yiam, 24 026c; picnics, 12c lb; cot tage roll, 14o per lb; regular short, clears, smoked, 18 He; backs, smoked. jUc; pickled tongues. 65c per lb. LARD Kettle leaf, tierces, 12c lb.; team rendered, tierce, 10 c per lb.; "compound, tierces, 8 He. per lb. i FISH Nominal Rook- cwi in prT lb.; flounders, 6c; halibut. 809c; striped ass, 20c: catfish. 12012Hc; salmon, glo per lb.; soles, 7c per lb.; shrimps, Jl 2 Ho lb.; perch, 7 8c: tomcod. 8c: lob sters, 25c: herrings. 606c- black base, 0c: sturgeon. Uc pev ib.; silver melt, 8c lb.: black cod. 7e; dressed phad, 7c; roe shaa. 10c; shad roe, 20c lb. e OTSTERB Shoalwater ha-, per gal jpon, ( ); per 100 lb. sac. $S.50: Olym JE,!a'.'?er """. S.!R: per 100 lb. sack. oVll.CO: canned eastfrn. R5c can, $8 60 Hob.; eastern In shell $1.7Rfl?2 per 100. j Fruits and VegetaJies. 1 i-OTATOESSelllng prices Beat 13.26 (8 8. Flu: new, Zc. I ONIONS New rrj. $2.00; yellow, 92.25: garlic, 7i'Rc lb 4 FBE8H FRUITS Oranges New na vels, $2.508.2B box; hananaa, Sc lb.i Jemons. $68.60; grape fruit, 3 36 Jilneapple, fc lb.; Mrawberrles, Jl 263' A. 50 per 24 box crate; raspberries $1 26 W51.50; blackberrleR. $1.50; blackcaps 1.50; cherries, 6igi2c; watcrmellons' VEOET A BLES New turnips, $2 00 5.5 sack; cabbage. $1.8052 cental: to- Tnatoes, oui.nern, il.uon'i.25 crate" fceana, 7c lb.; horseradish. : Vreen onions, 16o doz.; papperg bell 0e ,!ilS,",dnei?,ce 20r5c loi.: "hothouse, 7S1.CS01-76 box; ra'lishes. 15c dozen S?u it wl"T'.'-y",floi.: eggplant By Ralph Emerson. (Publwbi-rt' Frvm Lffd Wlre.i New York. July 8. Wall street this week had a very tfying time. The crop auuanon vhb again me aommating in fluence and 18 likely to remain so until the middle of August. The most sen sational scare of the season was en- Slneered from Chicago and Kansas City, orn was run up nearly five cents a bushel, wheat 1 , oats 2 and cotton al most $2 a bale. Thia however, was not the only scare that confronted Wall street. It had al so to contend with an acuta unsettle ment of all the European security mar kets through the revival of the Morroc can question growing out of the action of Germany. British consols made a new low record for the year, and London, Paris and Ber lin sold 60,000 Kharea of International stocks In New York. It did not take long rtowever to dem onstrate most conclusively Jhat the sell ing of stocks and the wild buying of grain ana cotton following the excited events noted, were s-roatlv ovnrrlonit 80th' stock and grain speculators came to grief when they sought to make their operations rit ine sudden change ror the better In the whole situation. Tha lead ing European nations took the Moroccan affair promptly In hand, thus elimin ating the acutenesjjthat previously pre vailed, and maklng'lt plain that diplo macy would settle the vexed question in an amicable manner, probably for a long time to come. Coincident with this significant Euro pean situation, the great hot wave in the west was broken and rain fell over a wide expansion of the drought regions of the corn belt and portions of the cot ton states. This brought much relief to these two, important crops and at the same time demonstrated the fact that the bull speculation in grain and cot ton was ill-timed An abrupt reversal of speculation In the stock and commodity markets en sued. Stocks which had previously de clined several points in leading . issues recovered and much of the advance in grain and cotton was lost. Support came in wiien it was needed and ft is now clear that something more than bear raids is necessary to make a deep and lasting impression upon values. There was moderate Investment buy ing of bonds and this Is expected to In crease in the near future. There has been no relaxation In the Improved sentiment manifested by mer chants last week and with the favor able turn of affairs In the crop regions business men generally are Inclined to take an optimistic view of the future. The fetrength of New York's financial InsLUuilonB brought out prominently through the events of the week Is an In cident that deserves notice In the furth erance of crop marketing and all busi ness operations In the autumn. Range of New York prices furnished by Qverheck & Cocke Co. Descrin'ion 1 Open) Hishl Low I BU ii ,;l " 4 VA" Si UKJ ogs. c no. a l 'D-: cucumbers, 11.25 per dor; Da J&He: caunriower. local. BticWjl 00 jdos.; asparagus, 70 75c: rhubarb 214 Ic lb.; string beans, 4ff6c T3QT Va OCA At iil.u-,,"U. Sops, wool ana Xldea HOPB Contracts, 1911 crop. 2lic: ibia a . r i . 1 AAA ' I iAiMw-rnrai, per n.. oc; l WOOL Nominal, 1811, Wlllametta Jvjllsy. 14H6l7Hceastrn Oregon? t CHITTIM BARS $111, nominal. Sc; a. 910, 6c. F WVESEr V6,' 18"Ho lb.: Ten. T ' H c : bul 1 s, green, sal t, 34 o .lb.; kips, H7Hcj calves, green, IJ MOHAIR 1911. selected. 867e. f BU5AR Cube, e.0; powdered. $6.70; W by. J 70; ilry granulated, 5 70; Di' yellow, 15.00; beet, $5.80; Fed. ere Frtiberry. 80 less than fruit or trryj Honolulu Plantation cane granu- latmt. (a Jesa . ' (Abova Quotations are It days net cah.) JUCE Japan no. I, iKQHri No. i. 69 i son 39 112 io' ' 60 81H 240 '81 82 146 170 87 163 18 24 122 60 Amal. Cop., c. . Am. Car & Fay, c Am. fan, com. . . Am. Can. pfd. . Am. Cot. Oil, e. . Am. Loco., com. Am. Sugar, com. Am. Smelt, com. Am. smelt, pro . . Anacon. Mln. Co. Am. Woolen, c. Atchison, com. . Atchison, pfd. . . Bait, fk Ohio. c. . Rep Suaar Brook. Rap. Tra. Can. Pacific, c. . Cent. Leather, c. Cent. Leath. pfd. Chi. & G. W.. c. . do pfd C. M. & B. P.. .. C. A N. c Chesa. & Ohio . . Colo. F. A I., c. . . Colo. South., 1 p. Ctms. Gas Dela. & Hudson . Den. & R. O.. c. do pfd Erie, c do 2d pfd. . . . do 1 st pfd. . . . Gen. Electric Gt Northern, p.. Ice Securities . . Illinois Central . Internatl. Harv. Interurb. Met., c. do pfd Lehigh Valley . . Kan. City South. Louis. & Nash. . . M., St. P. A 8. 8. M. K. A- T do pfd MiHS. Pac Nat. Lead Nevada Con N. Y. Central . . . N Y.. Ont. & W. Nor. A Weet. North Amer. . . . North. Pac Pac. Mall Ss. Ponn. Ry P. C, Press. Steel Car no pfd Roailtng. r do 2rl pfd do 1st pfd Rep. I. A S C. . Rock Island, c . . 8. L. & S. F. 2pf St. Ij. 8. w., c do pfd Ho. Pncific, r. Southern Ry.. C. . do pfd Texas & Pacific. T fit L. ft W.. c 22 fnlon Pacific, C.I1R7H IT. 8. Rubber, c. . 41 V. S. Steel Co., C.I 79 do pfd 1118 0U4 56 H ' 80 " 7 70 Vi 79 85H 83 . . . .1. 80 39 86 63 H 32 ) 32 112 108 61U 825 24J 22 126 81 82 145H 170 87 68 1 S3 136 24 122 50 1741174 142U 142 48 19 109 109 74 131 .126 1. & C. Co. H06 159 'it" 30 31 44 31 121 31 48 io 109 109 74 133 125 106 'i 159 9i " 30 31 44 81 121 I121 31 at 80 39 3i 111 i8 ' 60 81 239 22 i26 'si 82 145 170 36 68 12 13ft 24 121 56' 174 141 48 19 108 131 126 105 158 91 30 31 44 31 Utah Copper Va. Chemical M'abnsh. c . . . W. U. T. ... West. Elec. . W. c c . . . .. 22 187 79 118 60 66 80 76 21 186 41 7S 118 60 6 '79 76 69 66 10 86 63 40 117 107 39 31 112 102 107 82 239 30 100 42S 126 146 81 34 82 145 170 28 67 86 47 68 163 136 24 141 121 17 50 174 34 151 141 35 66 48 56 19 108g 45 109 73 132 27 125 106 80 100 159 95 91 29 31 44 3! 69 121 31 71 28 21 186 41 70 118 50 66 16 79 7 65 T. T. Robinson, who arrived here last fall from De Smet. R. TV and has been raising Shetland ponies at his su burban home at Woodlawn, plans soon to secure a ranch near the citv. where he will engage In the business more extensively. Mr. Robinson brought with him from South Dakota six brood mares and two stallions and some young stock. The herd now numbers IS head and he ex pects to Import some new stock this summer from the eastern and middle states. The smallest colt now In the herd tips the scale at 36 pounds, while the smallest full-grown animal weighs 320 pounds. The colt stands about 28 Inches high and Is a perfect specimen. Mr Rohinson says the climate here seems perfect for the raising of these tiny horses and he expects Ihere will be a good demand for them. At first ne raised the ponies for paattime and amusement of his children. Mr. Robinson came to Oregon for his health, Intending to remain a short time, but found the climate so agree able that he has decided to make this state his permanent home. AMERICA HOLDS RECORD FOR BIG MORTGAGES James J. Hill's 9000,000,000 Great Northern Transaction Never Equaled Thirty-three Huge Railroad Mortgages In Existence, the Aggregate Amount Secured Thereby Being Placed at $3,200,000,000. Banks Organize Security Companies aa Adjunct to Business. By Preston C. Adams. (Pnbllnbera' Prens Leaaed Wlra.l America Is a big country and Ameri cans believe In doing. things on a big scale. We were the first to organise a billion dollar corporation and, now we have broken all records for mortgages, James J. Hill's $600,000,000 Great North ern one having never been equaled by any other company. The tendency Is toward huge bond authorizations, as has been demonstrated by numbers of weak as well ad strong systems. A Wall street concern has compiled In teresting data from which It may be gathered that "the aggregation of rail road lines into larger systems, the con tinued requirement of new capital to fi nance their growth and steady maturity of underlying issues have made desir able and necessary the larger mort gages. We find that there are now some S3 railroad mortgages in this country under which the authorized amount of bonds In each rase exceeds $100,000,000, Of these mortgages 16 hsve been cre ated within the paat six years. The to tal of these 33 mortgages Is about $5. 200,000.000, of which the 16 created In the past six years, or since 1905, ag gregate $3,160,000,000. Of the total 33 such mortgages, seven provide for bonds In the amount of $200,000,000 or more in each instance. All seven of these have been created since 1906. We find that there are still outstanding, not Including remaining 1911 maturi ties, about 650 underlying railroad mortgage bond Issues, aggregating lightly over $2,000,000,000. Some ad ditional bond lasues may, as a result of rauroaa consolidations nerearter and authorisation of new general mortgages, with expenditure of new capital funds tnereny. acquire tne position or under lying bonds. It Is very evident, how ever, that the amount of. Investment funds In underlying Issues Is steadily growing less and that the amount of in vestments placed In the comparatively few larger railroad mortrares Is in creasing relatively very rapidly." The Intention of the National Clty bank to follow the example of the First National bank In organising a se curity company as an adjunct to the bnking business will be sure to stir up comment all over the country, George F. Baker, the actual head of tne First Securities company, has won for himself the reputation of being the cleverest speculator In America. This distinction, as can readily be Imagined, has not been easily achieved, for there have been many, many aspirants for such a place In the financial world. New York contains quite a number, Pittsburg a few, Boarton one or two, and Chicago two or three speculators of recognised brilliancy, but Mr. Baker has had the advantage of being able to summon to his aid virtually unlimited resources. He has also been closely and confi dentially associated with certain of the most powerful capitalistic groups in the world. Once he demonstrated his shredwness. his colleagues were willing that he should be given a free hand. His operations have been unimaginably successful. But there are those who contend that the president of an Impor tant, bank or even an unimportant one has no right to devote his talents to stock market maneuvers. - Among the financiers identified with the katlonal City bank are a number who have- likewise been extremely for tunate in their stock market enterprises. James Stlllman, chairman of the board, has amassed a huge fortune through his own initiative. He no longer takes an active part In tae dally doings of his bank, yet it Is understood that his advice is always forthcoming on im portant problems. President Vander Up has naturally been less heard of 5? an operator In securities. He has distinguished himself as an expert In bonds, not only In analysing their worth, hut In organising a department of un eaualed efficiency for the distribution of Investments, particularly among the banks of the country. On the dlrector--..f thfv. Clty bank ar capitalists ti VH? .the Vry , best opportunities lh!Uina1lcaJur,rrle" Th likelihood, therefore, Is that a National City Se curities company would be able to build up a very profitable business. The chances are, however, that the greater the SUOCesa Of h ln..,M. ,u. widespread would be the clrtlei.m on the part of the public. iarmChTJCh.anr broker view with tnl" tendency on the part of ?i.W uJJjaSkB. t0 "Pproprlate new ter. rltory which In past years was left exclusively to brokers. First came the trust companies and took away part of the business formerly handled bv commission houses. Then the more frntf,rnPi'l8.,ng.banks hegan to devote at tention to the vending of bonds and in some cases stocks. Today the vol ume Of KACIlHtl.. ,i-VOIJ Th ".and """l p?mPnes Is very great 1 uiumrase concern in the meantime has been visited by a series ?' ran.vear": " the leading down town banks nhonlrt " of'Vhl' .mpanle8 as ")de "" Pght of the ordlnarv romml.tl ka. iJ-."Vi be worse than .vr ;V..-.r"C houser are also uneasy. Just how far the departue will be allowed to go without Incurring the condemnation of Washington remains to be seen. The principal Kuronean tianlra tnAsv show $2,436,256,000 aold on hand as $2.45,186.000 at this compared with $2, time last year, a decraa nt i?s 3.i 000. All the 12 Institutions reporting show Increases with the excep tions of the Hank of England and the Bank of France; these have sustained losses of $14,512,000 and J38.148.O0O re spectively. The New York Clearing House banks, exclusive of the newly admitted trust companies, had on hand at the end of last week $402,298,000 cash, as com pared with $327,595,000 last year, ths 703rj0oe' therefore' nv,n8r been $74.- The gold holdings of the principal European centers are of special Inter est to the United States at this time in view of, the decline In foreign change rates this week to 4,85 for de mand sterling, a rate only a fraction of a cent per pound of the gold import basis. The best banking opinion now la that an inflow of gold will probably be Inaugurated in July. Heretofore no movement had been looked for until the autumn, when In the natural order of events Interest rates hare would advance and our exports of commodities would increase. A tonic for pessimism has been pre pared at Washinartnn nn few rw but by the bureau of statistics' of the ! .iTr j l pommeree. The thirty third annual abstract contains Inspir ing figures. The wealth produced on our farms last year was 4,0J0,00O,000 greater than ten years ago. the totals , "T..!',u''"',,uu ana $6,000,000,000 In 1900 the value of farm property amounted to $20,000,000,000, and it can be safely assumed that since then quite a few billions have been added to the total. 1880 the gross value of manu factures was $5,333,000,000, whereas five year8"' the figure reached $15,00J. 000,00, and has been greatly swelled llA860, 93.000 in 1880. 167.000 In 189J 199 000 In 1900 and 250.0OO in 1910. lm'. RSa ,a,t year aeTegated $1,657,000. 000, or more than twice the total of 30 years ago, while exports during the same period have 'risen from $835 000 - mirhV WW00-000 taBt Vr. and we might add the grand total for the cur- 000. We are citizens of no mean coun- wnaLW,hlch .Wa" would do well not to fors-ot Ai'.n . ,1. v. of the jaundiced crop killers. DAKOTA CROPS IMPROVE Reports From Wheat Fields .Lessen the Bullish Tendency. Total sales. 61,900 shares. 4c; New Orleans head, 506; Creole, BALT Coarse, half ground 100s. $.5 or ton: 60s. 89.00: table dairy, SOa. 113; OCs. 117: bales. 12.20: extra fins bar rels, 2s, ts and 10a, $40 6; lump rock, $20.50 per ton. honk y New, ij.TB per cast. BEAJJS Small white. 14.00: larra white, $4.00; pink, $6.75; bayou, $8.0T; Llmas. $7.26; reds. $6.15. Feints, Coal Oil. Bto LINSEED OIL Raw. bbla.. 91e !.: kettle, raw, bbls., 98c; raw, In cases. uuiicu, .x, .--r,o, ,ou sat., lull of 260 gallons, lo less; oil oaks msal (none In market). U ' per lb. WHITE LEA 100 lb. lots, tc per lb.: less Ton lota, to per lb.; lots, o BENZINE 86 deareea. naaaa. lllLa Ll?nL iron bbls., Slo per gallon. . COAL. OIL Cases: Tearl, Hoi star. J'e Pr gallons water white, bulk. SO S5-Peir s-allon; special Water white, i2io. . - r .' , d ftOPE-.Manlla, 8c; sisal, 70. ,.2A.?OL,NE Red crown and motor. IB J Jo gallon; 86 gasoline. 280S8H Kilo's' M- p "aPhtn .! Pfrrel. 70 Kc: iron barrala. l(o per sal. Ion; 10 case lots, 72o. By Joseph F. Pritchard. Chlcago, July 8. The feeling In the various grain markets on the board of trade were less bullish today, as those Who have been under prices and boost ing them doubtless felt that they were about at the end of their speculative rope. For more than a week some of the leading housea In the trade have remained on the bull side of all the cereals and when there was a "taking of stock" today they doubtless found that they were holding good lines of wheat, com and oats, and at a time, too, when the excitement over the hot weather scare was subsiding In both the spring wheat and corn belts. The weather In the northwest was more favorable for the growing wheat crop and as unsettled conditions were promised for the corn bolt there were many longs on the selling side. In Hd.litlon- to this, It was popular to put out short lines. Crop reports from the spring wheat country were unfavorable at the open ing this morning and prices suffered. The advances as sent in bv John In- glls, the well known crop expert, who was In Fargo. N. D., today, took-the wind out of the sails of the bulls. Mr. Inglis reported crop conditions as Improving with the wheat heading out In that vicinity. While Michigan is not considered a big corn state, the condition of 92, as published yesterday, and a condition of 96 In Wisconsin, and 88 In Illinois, caused the average long In corn to sit up and take natlce. The government July report will make Its appearance Monday again and some of those In the trade who have been rampantly bulllBh on this cereal seem to realize that the figures to be sent out by Secretary Wilson may prove to be less bullish than looked for. Many of those who had profits In corn threw over their lines, and in addition there was some short selling. Oats finished close to . the bottom prices reached. The provision market was undersell ing pressure at the hands of the packer and as the support was poor the mar ket weakened and It showed very little reactionary power. Range of Chicago prices furnished by Overbeck A Cooke company: WHEAT. MAKES BIG PROFITS GROWING POTATOES Eugene, Or.. July 8. One of the' most successful, growers of potatoes in' this section Is W. H. Slebert, who lives Just off tne river road north of Eugene. He harvested more than 8000 bushels lsst fall and la just selling the last, of his last year's crop now. He brought in a load of smooth, well kept old ones yesterday and sold them at $3.75 per cwt He Is also digging new potatoes for the market which are selling at 5 cents per pound and this week his five men finished planting a patch of late potatoes of a number of acres from which he expect to harvest at least 800 bushels per acre, Judging from yields planted at ttys time of year in the past. Mr. Blebert thinks there will be a big shortage in the notato eron In tha middle west again (his year and be-J nwtr. iviBLvraa w UJ UQ , mm nign mis year as they were last, so Is putting In much Jargev acreage. - It is said that It la not toe lata to put in a rood crop of lata potatoes ia the rlvsr bottom loam. ., Open. High. Low. Close. July 90 9014 89H 89V4 Sept 91 92 91 9l Dec 94 94 34 93 94 . CORN. July .... 6414 64 3H 63 Sept 66U 664 65 65 Dec 65$ 65 4 64 . OATS. July 45V 45 45 45U Bept 46 47 46 482 Dec 48$ 48T4 47 48 PORK. Jan 1550 July 16(?2 Sept 1585 1585 1562 1562 LARD. Jan 837 July 832 832 827 830 Bept 846 845 835 843 RIBS, Jan $12 July 840 Sept 855 855 847 850 MEN OF FINANCE m REPORT Government's Crop Estimate Will Be Made Public Tomorrow. Fishing on Fraser River. New Westminster, July 8. The run or salmon In the Fraser river Is expect ed In shout a week and fishermen and cannerymen are preparing accordingly. The catch In the traps outside is al ready reported to be . good for an off year. It Is believed that only about 11 canneries, will he operated on tho Fraser this year. The river la dotted with fishermen, who are anlxous to get In at- the start for the -good fishing. The rights of the fishermen and of the dominion government will be looked after during the fishing season on ths Fraser river by patrol boats. . Oatgide Wheat Closes. ,1 Bt. tiouls, July 8. -September wheat, 88c: December, 9tie ask, Minneapolis, July 8. July, 98; Sep tember, 99H; December, 99. ; Duluth, July 8. September, 9i, ' Bumper Crop 'of Logan berries, : Oervais, , Or,, July 8. Loganberries are ripening fast thes warm days and Lowers are picking. A bumper orop reported.'. - By Thomas C. Shotwell. New York, July 8. Because the finan clal world is waiting for the crop re port to be issued by the government Monday, trading In the stock market today was very light. Net changes were not Important. Western Maryland and New York Ice made new high records hut the Standard Issues were not active. There has been a change of sentiment on the part of the bankers Identified with the Standard Oil Interests arid these are more favorable to the mar ket. There is reason for expecting that ac tion will be begun by the United States court at St. Louis Monday to reorgan ise the Standard Oil company In com pliance with the decision of the supreme court. The important thing; will be that the Pipe line, the refineries end tha tank line will be left under practically the present management. . The bank statement today was a re markable document owing; to the Im possibility of harmonltlnr the national and state bank methods' of holding re serves. Trust companies which are now members of the clearing house carry much of their reserve as deposits In na tional banks, v .. -. "SIS Freewater, Or., July I. The Milton Freewater Fruit Growers' union shipped the first box of peaches on July 8 to the Sam Young grrocery store In Wella Walla over the traction company's line and yesterday another box was shipped to Spokane, and the ownera ' received $1.50 per box. It is estimated by ship pers that peaches will, command a good fries as they are scarce' In most places h rough the country. In this fruit section they are plentiful in a great many parts, especially up ths river above Milton and around Frultvale and on the east side. In these places the fruit has had to . be thinned. ' June apples are on. the market selling at $1.50 a box. Apricots are -good and sell at 12.00 a box.' Berries of all var ieties are plentiful and selling at good prices. . The cherry season is almost over -tha Lata Qukes still ' to ba bar. That crops of all kinds are turning ui epiendiaiy this summer . ts the re. port brought from all parts of western uregon and with good prices obtain able the farmers should be In clover wis year, figurative v sDcaktna. The weather has been about all that could b-i desired ever sine last fall and few reports of pests of any mind hava been reported. Strawberries and other berries were somewhat retarded by cool weather and rains In the late spring;, but the rain did no damage, for the harvest of berries Is, according to iwiii, cxceiiem. ana me demand for the fruit as good now as it would have been, earlier In the season. Cherry orchards suffered some from frost and rain, but fair crops have been reported and good prices hava been ob tained. The pear and apple orchards In west ern Oregon, Including the Umpqua and Rogue river valleys are reported in fine condition. Hay fields have yielded abundantly In all parts of the state, especially In the eastern parts. The Deschutes river country has figured prominently In the berry mar ket this summer as usual, in that grow ers In the vicinity of Biggs sent In berries in lame ouantltlea earlier than other districts. With what success berry growers in other parts of the Pacific northwest are meeting and what can be done else where In the Pacific northwest In Illus trated by an article In the Chehalls Daily Nugget, which deallnlg with berry culture In the Puyallup valley, says: "In the Puyallup valley, famous for its small fruits, the present season has been a fine one. Over 100 carloads of strawberries alone went from that district to the east and middle west. It Is estimated thst over 250 carloads of red raspberries, 100 carloads of blackberries and more than 100 cars of canned fruits will be shipped from that section to the middle west. The terri tory Is unlimited, but so far it has been unnecessary for the Puyallup val- ley growers to go east ror a market. "This means that the Puvnllun val ley fruit growing section will bring In to that country from Its small ber ries alone over $186,000 for this sea son only, for strawberries only. This win oe a great deal more than doubled when the receipts are In for other fruits. People who have figured the values of crops In that section have concluded that the perishable berry crop marketed at good prices Is worth many times the value of the same acre- I age in wheat. "Tne rigures rrom tne puyallup val ley district are of particular impoc tanee locally, for a fruit growers' asHO- ciatlon was recently organised in this section and the raising of small fruits In this locality Is started on a com mercial basts. The Puyallup figures simply give one a glimmering Idea of the great possibilities In this one line wnicn are in store ror i,ewis county. It is generally conceded that this sec tion will raise Just as fine berries as the. Puyallup valley district. "The berry and small fruit Industry in this section is hardly started. R. E. Ross, who lives on Claquato hill, has one of the most promising berry and fruit tracts in this section. He re cently placed an order for over 20,000 berry boxes, said to be the largest order of that kind that has been placed In this section. A visit to Mr. Ross' place shows a remarkable condition. He has developed a fine orchard and berry tract of what a few years ago was hill land of a doubtful value. He now has a fine start In this particular line, and his ranch has a particularly attractive appearance. "llnnir with frVia manv rajtiniircna that this section of the state may claim, there are none fraught with greater possibilities than the small fruit busi ness. The recently organised associa tion of fruit growers is making prog ress in the right direction, and it will not be many years until this section will be receiving annually thousands of dollars from our fruits, money that we do not get now. and more of It than we can imagine possible at this time SEES NEED OF BETTER SHIPPING METHODS Hood River. July 8. George Rae. of Rae & Hatrieia. New York apple deal ers, when here the other day looking over the crop prospects, stated he be lieves the district will have to adopt Improved methods of handling the fruit because of the Increasing output. He believes the district should select two or more big firms in the centers of distribution to handle the product, at a great saving of both time and -labor. He expressed himself confident there will always be a good demand for nigh grade apples, as tne world's pop ulation Is steadily and rapidly increas ing, the population of the United States alone increasing at the rate of 130,000 persons a month. , OMAHA LIVESTOCK South Omaha. Neb., July 8. Cattle, IOC; steady; steers. $6.2596.60: cows and heifers. $4.76 6.70. Hogs, 11,351: strong to 60 higher; price, $8.256.60. Sheep, none. PORTLAND Lrvirs-Tv-' w wttm Week : HArnattii ci. eh.. u y 8 .......1636 1681 298 1462 July 1 tois June Bi in k June 17 ......1297 June 10 ......1733 1232 1741 1(10 693 606 7117 246 7908 ... 9674 80 1790 The run of livestock at the vards was very fair considering the fact that busi ness was mora, or less interrupted by Fourth of July celebrations in spite of the Prevailing "-. r i.i. One of the features of tha week was ths i?rf ""rob of hogs brought hers from iebf8k- foes to show Ihst. whlla 9"n U the natural advantages for nog raisins, it h nA .wt.,h lnv tn .business. Persons hay ing made tha subject a study ssy there " retimaa why Oregon should Import !!0?i'tna.1. that. iner " nough people getting rich In the business. lot. "Pr,njr lmbs brought a fancy price at the yards during the week. They were In extra fln mhhiha . M ,1.1. fJil6 w.'!i.,urni"ho1 striking illustra tion to the effect that better than av .Pr,c obtainable for stook above Oie average. in run or cattle for the week was fu ly up to the average, and conslder aoj v larger than durinr ih week. " "'v"' .?".'.."' run ot livestock compares with the same period In recent years as follows: Hoes. Cattla 1911 1635 1974 1910 663 795 1909 294 1324 1908 360 983 1907 608 1025 1906 211 1285 1905 24 942 Monday's Livestock galea. ... u Average 1 199 sheep 9J 247 sheep 91 120 sheep 90 cows 1088 1 cow 2250 1 cow 990 1 cow 1030 1, steer 1280 3 calves 223 15 steers 1126 574 lambs 76 301 lambs 73 14 lambs 68 53 lambs 63 10 cows 1072 18 steers 1085 249 wethers 100 131 wethers 139 121 lambs 62 18 hogs 106 Wednesday's Sales. 167 wethers 85 Thursday's Sales. 4 calves 437 1 calf 400 3 calves 290 9 calves 295 11 calves 231 48 calves 208 3 calves 130 1 calf 240 2 calvea 205 1 cow 1190 28 cows 916 16 steers 1125 4 steers 900 6 cows 900 1 bull 1160 1 stag 1160 1 cow 1020 28 lambs 65 2 cows 925 1 bull ,1340 27 heifers 780 Jan. . March May . July Aug. Sept. , Oct. . Nov. Dec. . New York Cotton Market. Hign 1302 1308 1812 1430 1402 1826 1305 1800 1304 Open ..1302 ..1306 ..1310 ..1430 ..1897 ,.1320 ,.1802 ,.1300 ..1302 Low 129t 1398. 1306 1413 1395 1818 1293 1294 ' 1295 Close 129201294 1300 1302 1308130S 14171418 139801395 1320(71382 1295? 1293 1295(1 51295 126 51296 No. No. No. No. No. No. No. No. No. Chicago Cash Wheat. J R, 88g90c. 89HC. 389c. r89c. , 8$l,02Vi 96fl)$1.01. . 8 R. 86 z H, 88" 3 H, 86 1 N. S., 2 N. 8.. 3 N. 8., lJ6c. 2 8. 94097c. S S. 89 0940. Friday's Salsa. 31 hogs 148 25 steers 1287 24 steers 1147 9 hogs 157 60 hogs 174 1 steer 1330 6 steers 1168 20 sheep 89 32 lambs 66 19 lambs (7 Saturdays Sales. 8 cows 1011 25 cows 888 26 cows 889 8 cows . . 916 41 cows 900 8 cows 974 41 cows 914 Sheen. 1462 1878 1905 1883 2703 2605 1348 $3.60 3.60 8.60 4.75 4.00 3.00 5.26 5.00 7.60 6.00 6.00 6.00 4.60 4.75 4 50 6.50 8.75 $.75 636 7.25 13.00 $4.00 4.75 6.00 6.00 7.25 7.25 6.50 6.00 7.50 6.25 6.25 6.10 6 85 6.10 4.00 6.25 3.25 6.00 4.75 4.00 6.00 $7.25 S.00 6. in 7.25 7.25 5.50 6.25 8.50 6.26 3.75 14.75 6 25 6.23 4.60 (.16 4.50 S.15 E LAND ORCHARDS WILL YIELD HEAVILY Clarkston, "Wash., July 8. From a statement by many of the principal growers of the Vineland diatrlct, the blackberry and dewberry crops .will average high, and the first pickings of tne season are oeing maae witn good results. A good crop is predicted for all dewberry patches, and some of the. largest patcnes will yield rrom 150V to 200 crates. The peach crop, which is conceded to be three-fourths of a full crop, will be of high quality, and In every orchard the market quality of the fruit will average high. In most Instances the product will excel In size and will rival any peaches placed on the mar ket. In a few of the Vineland orchards the peaches had to be thinned, and In 1 others a full crop Is expected, but the general average will cut this amount to a three-fourths basts, which Is given by growers ss a con servstlve estimate. The first of the peaches are ripening, and in a short time the Alexander variety will be sufficiently manured for market pur poses. With good crops assured, the news from Europe of the orgsnlsatlon of an international steel trust had con siderable lntiuence on the stock market this week. Big Mills Combine. " Payette, Julys. -The T. A K. Mill ing company- of this place has taken over the business of the Ricker-Oheen Commission oomoany of Welser. This action will combine two of the largest grain ana mining companies ot tne tat. Th. main rtffiam nt i. lca.fi will be "In Payette and the management Will remain the same. The T. & K, Milling company has two mills in Pay ette, besides numerous warehouses oil we. v i, n. roma. ( Chicago Buys Ijoganberries. Eugene, Or., July 8. The Eugene Fruit Growers' association ' tnls week sold a carload . of loganberries to a Chlcagd Tlrnvffct good .figures, and It is reported tost more orders ror disck. berries are being booked than, if an be filled. Reports, here, Indicate that the demand' for air varieties of berries and fruit Is very food. ,, :,, . . : Overbeck & Cooke Co. - Conuniuion Mtvchjxnts Stock, Bond. Cotton, Grain. Etc. 216.217 Board of Trade Iknlcnsty Mmsm Chtarg Bearers Traaa. Cterespsndents ef Logan Bryaa. Chlcags. Maw York, Boston. ,Wa aave tha aniy 'private war soua Portland with the eastern aaohaacea, . , . i - - ' ..11;