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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 3, 1911)
6 ' ' THE OREGON,. SUNDAY TOURNAL. PORTLAND," SUNDAY ' MORNING SEPTEMBER 3 1911. . . ' ..'' '. .' v'
'M7CB MARKET 1bqndsJ NEWS jg OF THE LggggJ WORLD
I Admit Oregon's Lead
By Hrman H. Cohen. .
A frank admission has been made
r by the management of the Spokane Ap
ple onOW mil UmgWI iron mo
world and there Is not the slightest use
for Washington growers 10 compete
with the product of tbUJ state so far aa
quality ia coacernea.
Heretofore Oregon ha a captured al
. the leading prises at the show and
for that reason Washington growers
havs felt very wroth. Now It is Jn
tended to make the pack the basis of
awarding the prises and no matter how
. poor the quality, the pack will. capture
the ' honors.
This ia taken by Oregon growers to
mean that the Spokane officials no
. longer will tolerate the capturing of the
apple prizes by Oregon growers.
In the following interview E. F. Car
tier Van Dlsse!. who has been identified
x with the Spokane Apple Show since its
inception, naa let tne -cat. oui 01 -mo
bag' and It Is therefore likely that the
. leading districts of Oregon will refuse
to compete ror prizes wnicn rc sup
posed to be for Washington growers:
"We think the greatest problem has
been oJved by abolishing the quality
ratings at the 1911 show, and we be
J lieve the growers in all parts of the
country will be glad to learn of the
action of the management of the show.
We always felt that some western ap
plet had been handicapped in the past,
but we wera not in position to make
any changes until this year. Now that
this question has been settled, I look for
Entries from all parts of the United
tates and Canada, particularly ' the
-v- ' Kay Have Oregon Show.
1 . There is a strong movement on foot
to hold a show of apples where Ore
gon fruit may receive proper credit 1
1 Since the Spokane officials have de
cided to practically bar- the world's pre
' mler fruit sections from competing for
prizes in order -that Inferior quality
fruit should get the credit, it is qurte
liki-ly that Oregon growers will be com
pelled to enter Into competition with the
Spokane show. It is contended by the
fruit Interests here that Portland would
be the Ideal location for the holding of
a national apple show. The ract mat
this state has always captured the best
prizes for apples would not aeter omers
from . entering the field because- the
stock would be Judged on the merits of
both quality ana pacK ana not accora
lng to the place it whs packed.
There has been trouble in the ranks
of Vashington growers every time Ore-
?on fruit lias been exhibited at Spokane,
wo years ago a certain prize was
awarded to applea from the Rogue river
district. ' Falling in their attempt to
secure the award, growera of the Yak
ima section protested the decision but
the superiority or tne Mearoro iruit
waa so marked that it was. finally de
cided to allow the award to stand. How
ever, to appease the Washington grow
ers a special prise was allowed them.
Quality Better Than Ever.
It is stated in some quarters that
the decision of the Spokane apple of
ficials to award prizes for pack and
not for quality, la due to the reports
from the Hood River and Rogue River
orchards that this year's crop will show .
the beat quality ever put rortn rrora
That this Is so, is indicated by the
recent reports erougnt out oy tne visit
of apple buyers from Europe and the
east. Practically everyone has stated
that the apples of Oregon promise to
neat even ma nign recora 01 quality
always held Dy mis state.
FLOUR AND WHEAT TRADE OF JAPAN
Notwithstanding That Japanese Government 1$ Making Every Possible Attempt to Foster
Milling; American Product Wilt Continue in Demand- Walla Walla to the Front ,
1911 Grain Harvest
! s Almost Completed
v By Hyman H, CohAi.
1M KM nt thm TnrtRf aUCCeSSfUl
tnnwn th vraln harvest of 1911 Will
' east Into history within a few days. At
this time operations are almost com
plete, only scattered threshing still re
gaining and this can be fully cleaned
during the coming week.
Bumoer crops have been shown on
11 aides and with few exceptions pre-
harvest forecasts have been fully con-
firmed while In some of the better sec
tions the gathering has been greater
' Most favorable weather conditioni
lave been the greatest help toward
Kthering the present cereal crop. La
r.was plentiful in-all districts and
. this too had a beneficial effect and en
abled .farmers to garner their crops be-tpre-
damaged by adverse conditions,
i Again It has been demonstrated that
ne fall sown grain is far the best pro
ducer in the Pacific northwest and
therefore with favorable weather con
7 dltions during 'the next month or so
there -will be a greater acreage planted
during the fall-winter season than ever
. before.' V
l i y Jail Bowing Starts.
1 Fall sowing of wheat haa already
started in a limited way at some Pa
cific northwest points. Initial opera
tions were in the Palouse country. Too
. early sowing may prove a mistake as it
is not advisable as a rule to plant seed
In the'-dust owing to the danger of
big Increase in the production of fall
winter sown barley over the spring ar
ticle. (Naturally this will have a ten
dency to cause adltional fall planting
the coming season if weather conditions
are favorable. At Grangevllle, Idaho, a
XieJJ of 96 bushels an acre was har
vested from a field of winter sown bar
ley. Some especially good crops of wheat
were sown in the Willamette valley
dwing the past-season. In the Waldo
Hills country, Adam Burnt harvested a
crop of 43 bushels while Louis Geisler,
In the same section secured an output
of 54 1-3 bushels. Other excellent yields
in the Willamette valley were shown.
Manuel Bishop garnered an average of
35 bushels from his field at McMlnn
vllle, Joseph Heaton had 43 bushel av
erage at Laurel and Frank Settlemeler
secured an average1 of 40 bushels of
wheat and 65 bushels of barley from
his tract at Woodburn.
Showing In Idaho.
Very favorable showings are noted in
tho -Idaho country where J. E. Hlles
harvested an average of 47 bushels
from 200 acres near Grangevllle and
John Lantlng secured an average of 42
bushels of wheat and 60 bushels of
barley from his land in the same sec
tion. A number of 50 bushel yields are
reported from Julietta,
Even at Juniper, Wash., an average of
22 bushels of wheat was harvested by
Roy Winn from 700 acres. This is ex
tremely light land and the showing re
" Another feature that was eaoeciallr fleets the general conditions all through
noticeable in the 1911 harvest was the J that , section of the northwest.
INDIVIDUAL GRAIN YIELDS
Grower District. Grain. Acreage.
Garfield Bronton. Walla Walla, Wash. .Wheat
Leo Cockrun, Dixie, Wash Wheat ., 80
Arthur Kershaw, Dixie, Wash Wheat , 60
DeLorlmer Bros. Waitsbure. Wash Wheat 102
C M. Price, W.iitf burg. Wash
A. W. Menett, Pullman. Wash.,...
J. F. Harris, Hartllne, Wash
Leo Reinhart. Hartllne. Wash...'.
3. S. Klpnigard, Pullman, Wash.
C. E. Moody, kind, Wash
George Robbins. LInd, Wash...
Otis Leonard, Rltzville. Wash..
Roy Winn, Juniper. Wash
.Wheat , 40
Louie Geisler, Stayton, Or Wheat
Adam Burns, Waldo Hills Wheat 20
Joseph Heaton, laurel. Or Wheat
P. H.. Stephenson. Condon, Or Wheat
Cooke Bros., Condcn, Or Wheat
Manuel Bishop, McMlnnville, Or Wheat 16
T. C. Morrison, Grass Valley, Or Wheat
R. L. Benge, Herpner, Or Wheat
Frank Settlemeler. Woodburn, Or Wheat
Frank Settlemeitr, Woodburn, Or Oats
Wit & Lantlng. Grangevllle. Idaho Wheat 27
J. E. Hiles, Grangeville, Idaho Wheat 200
John Lantlng, Grangevllle, Waho Wheat 26
:John Lantlng. Grangevllle, Idaho Barley 88
-Columbia Clark. Julietta. Idaho .Wheat 155
-W. L. Hall. Julietta. Idaho Oats . .- . 169
Ted Roberts, Big Potlatoh Ridge Wheat '.'
F. Q. Nuxall, Cottonwood, Idaho Wheat 60
John Lantlng. Grangevllle. Idaho Oats 110
Charles Everett,-Grangeville, Idaho. .. .Barley 9
A. P. McBoyle, Grangevllle. Idaho Wheat 110
A. P. McBoyle, Grangevllle, Idaho Barley 65
By liOvett M. Wood, United States
Commercial Agent In Japan.
While Japan's Imports of wheat flour
ancr wneat in liu snowed remarKaoie
gains over 1909, and this applies par
ticularly to shipments from the United
States, the general desire of the people
is that the government's efforts may be
successful in these as in other lines of
production and manufacture, and that
the Increased culture of wheat and -milling
flour may result. In the immediate
future, in rendering it unnecessary to
Import flour, although for some time
yet American wheat is expected 4 be
required in Increasing amounts to sup
ply Korea and some China markets that
will not be satisfied with flours made
of strictly Japanese. Chinese ' or Man
Japan's rlou Trade.
In 1910 Japan imported 201,703 bar:
rets of wheat flour from all countries,
valued at J866.140. and of this amount
the United States furnished 186.992 bar
rels. . valued at $808,925. Japan's im
ports of flour in 1909 were 170,791 bar
rels, valued at $713,706, of which the
United States supplied 162,298 barrels,
valued at 1636.618. The Imports of
flour for the first five months of 1911
amounted to $424,186, against $ZB,7iU
for the same period of 1910. The aver
age annual purchase of flour by Japan
fnr iha mat io vfuu-s has been about
$836,600. Imports during the first five
mnntharnr lBii exceeded me oeoauo
average for that period by over $75,000.
The fact that shipments of Pacific coast
flours to Japan in 1910 snoweo an in
crease of $168,407 over 1909. coupled
with the increase during the current
year, would incline one to believe that
th annnnncfld Intention Of Japan to
develop domestic production so as to be
Independent or roreign supplies
materialize so soon as anticipated. There
are phases of this question mat nave
more particularly to do with wheat,
which will be considered under that
heading. It should be borne In mind
that rice reached a record high price
in Julv. because this fact has an im
portant bearing on the wheat and flour
American Prodnot In Demand
To date the flour situation haa not
been a discouraging one. What the
Pacific coast mills can do toward meet
ing tho production and price of Japan
ese mills; the advance In customs duty,
effective July 17, from 72 21 to 92.13
cents per 100 kin (132.27 pounds); the
possibility of the rice and wheat crops
of Japan beihg seriously injured or
destroyed by floods and bad weather,
are among, tne ractors io oe cuimiu
ered, but I am Inclined to think that
there will still he a demand for Amer
ican flour in Japan, and certainly in
Korea and aomaparts of China with
which Japan is increasing us traoe
relations. Much, of course, depends
upon wheat prices In the United States
as well as the wneat production oi
.Tansn. China and Manchuria. Austra
lia's trade wll depend upon all of these
Its shipments last year Deing i8,toi
against $10,648 in 1909.
exDected to cartall Pacific coast ex-
Dorts to Japan, a large part of Amerl
can exports (Including flour), are not
entered for consumption In Japan and
are -Transshipped" at Kobe, Mojt and
other ports for Dalren, Antung and Ko
rea. Such shipments will not Me much
affected bv the new tarirr, especially
some established brands which have
characteristics that can not be substi
tuted by the Japanese flour. Such
brands at least should continue to have
an increasing . demand In the markets
Bon roe of Imports.
The following table shows the im
ports of flour into Japan, by countries.
in 1909 ana iiv:
Countries 1909. Pounds. Value.
U. S $635,618 36,660,662 $803,926
Canada 67.023 1,825.855 37.228
About 90 per cent of tha wheat
imnorted into Janan la Walla
Walla ' whit anil: fhat . rmln. f
bluestem. Some report that the
wheat often arrives In bad condi
tlont not being properly sacked;,
the few double sacked shipments'
are recelvedn excellent shape.
The excuse for not double sacking
is that competition is so close that '
snippers can not afford it Some
of the trouble is undoubtedly due 4
to the way the wheat Is handled ,
on arrivar. Delivery is made by
lighters, sometimes by the steam-- 4
ship companies, and often by the
importers. One large importer, 4
when asked If this could not be
corrected, said that it could be
by the steamship companies com-
Dining and adopting a uniform
procedure of delivery only by
their own lighters; that this 4
would be fair to all and make
the discharge of cargo much
mors satisfactory in many ways.
Australia ... 10,648 804.863
Dutch India 244,964
China 8,579 6,74
All other ... 1.038 3,306
CROP IS GREATER;
LESS FOR MARKET
Supply for Trade Is 298 Cars
Compared With 303 Cars
a Year Ago.
ORtfiON ON'ION CROP.
lll 1H1 o
298 . 303
Bherwood . .
Tualatin . .
Hlllsboro . .
. Milwaukee . . 17 22
Total 629 605
For market. ... ...
With Tualatin crop in 1910
.vcord.ln 10 the estimates made by
the Confederated Onion Growers' aso
elation at their meeting yesterday, the
: onion crop of Oregon This season will
reach 870 cars, compared with 34 cars
year ago, while the commercial park
excluding the contracted stock which
goes to ad houses will total but 298
rars tjompared with 303 cars a year
go. Therefore, while the total crop
is greater, the amount available for
WsrVet wtll be slightly less thon In 1910
The acreage in Oregon this year is
givsn at 6291 acres compared with 505
acres In 1910.
-: At. the meet trig the association ' ves-,
terday the annual election of offi'ceri!
was held. A. J. Fanno was reelected
rrldent and J. N. Miller Secretary,
while. O., P.' I.srsen was secured s
treasurer. Sol. Weckert was elected first
vice president. K, E. Berst second vlea
president Hind J. S. Barnes third 'Vtc
president. The executive committee is
composed of A. J, Fanno, M. F. John-
on ad Ol Olsen.
FIRST CAR ONIONS
GOES TO ALASKA
Initial Shipment of Oregon's
1911 Crop Is Sold to the
Far North at $1.10.
The first carload Of new crop Ore
pon onions started today for Puget
mind. enroute to Alaska. The ship
ment was made from Tualatin and the
price Wftg Bet at ji 10 per nijndred
pounds, f. o. b. shipping pojnts.. This
compares with the opening at $1 a
Another carload of onions is being
prepared for shipment at Clackamas
and will be for the same destination.
The quality of this year's Onion crop
n Oregon Is said to be the best ever
Known even In this state where good
onions are common and poor quality
rare. Eiies are excellent.
Big Peach YieU.
Freewater. Or., Sept.' 2. Oeorge Rob
inson, who owns a fine young fruit or
chard about a mile and a half west of
Freewater, ran show a banner record
from his peach trees this season than
almost any one In the valley, consid
ering the slrt of his orchard. From 190
trees planted Just three years- ago he
P.ainerrt 700 boxfi" of poaches, of the
Elberta variety, for which he received
ilih, 'LiPT1 " box. The trees
were so heavily loaded that they had to
J propped. On one tree, about flv
iV rShJSr one' branch 18 inch.
wJ'f iWlt.hJ7 PPhes on. Dur-
JUL . bl wm'1 rtorm Mr. Robln-
h?i?-AaK. iha he W0uld this
branch which he was watching With
TITS '"'efft but the slfalfa grew
so thick and long under the tree, that
" wrniP.?1' 10 the ground.
fm,l .L'mv Vf.nn another, successful
RiL?nclir llvln on the next place.to
WMS Sr'u"8,,118 ot Peaches from
flUed i1.lchAi l Pejcbes which just
eatv'Pf" b0 'f n'ch he re-
Total 712.706 39,586.296 866OJ0
. The value of the imports at the sev
eral ports in 19V0 was as follows: Yo
kohama. $443,824! Kobe. $227,160; Nag
aaaki, $8,954; Mojt, $102,686; other
ports, $84,116. In 1909 the imports
were distributed as follows: Yokoha
ma, $469,379; Kobe, $102,051; Nagasaki,
$16,691; Mojl, $72 859; other ports, $51,-
rioor Killing Industry.
There are 14 modern wheat flour mills
In Japan, as follows:
Firms and Location. Barrels.
Toa Flour Mill Co. Tokyo 675
Japan Flour Mill Co., Tokyo, (3
mills). Tatebayash (near Tokyo),
Yokohama, Utsonomlya (near To
Japan Flour Mill Co., Kobe 700
Masuda Flour Mill Co.. Kobe 1.000
Japan Rice Polishing Co.. Kobe 400
Asahl Flour Mill Co, Kyoto 200
Nagova Flour Mill Co., Nagoya... 125
Sapporo Flour Mill Co., Hokkaido.. 200
Shlrolshi Kosan Co., Shirolshi... 100
A new mill is under construction at
Moji. as a branch of the Sapporo Flour
Mill Co., with a capacity of 1600 bar
rels per day, The machinery was
brought from the double mill formerly
at Hongkong, and It is a question if
the capacity of both mills will be
worked. The Japan Flour Mill company
and the Nlsshln Selfun Kaisha (Japan
China Flour Mill Co.) contemplate build
ing two mills near Hakata (on Kyushlu
Island). There are also a few mills
having some modern machinery, with
a combined dally capacity of about 600
barrels, grinding under the old style
aa well. In addition there are many
native mills grinding in the old fash
ioned, crude wav. but aa thv hv.
cheap water power they can produce
flour at a considerably lower cost than
the modern mills. It Is imDossible tn
ascertain even approximately the wheat
nour production or japan, and any fig
ures given in this line are open to seri
ous doubt. The modern millers, like
many other users of machinery whom
I have interviewed In th far ir.
prefer American makes, because, they
give better returns, are better finished.
aim me mure complete.
May Import More Wheat.
The Toa Flour Mill comnanv ha.
branch mill In China. Tha flnn rf
mand of the Tokvo district ta nrt
as about 7500 barrels per month, which
the mills there supply. The Kobe mills
are said to have sold a total of 487,600
barrels last year. The Maauila mm wa
originally built by the Centennial Mill
cumpany, or Seattle, wash., and was
sold some time ago te M. Masuda, who
is me largest riour dealer in Yokohama.
The first flour mill on Kyushlu island
was started With foreign capital and
afterwards sold to a Japanese company.!
The leading flour merchant of Kobe,
who was the pioneer In Introducing
Pacific coast brands in western Japan,
states that the Japanese mills are
making strong efforts to command the
trade , of Korea and China, but realise
that Washington hard wheat is neces
sary to mix with far eastern grain to
produce a grade that will satisfy the
trade of those countries, .particularly
Korea. He therefore looks 'for Increas
ing wheat imports by Japan, but thinks
the far eastern wheat will please the
Japanese bread users, who like the glu
Another flour handler In -Kobe ex
pressed the conviction that the advanced
duty on flour will not affect outside
snipments, most or . which are trans
shipped from that, nort to Knrea. K
also believes Japanese competition for
me Korean ana Chinese Hour trade will
greatly increase the lmnorts of Pa.
clflc coast wheat. '
JaDanese buvers of both wheat anri
flour most strongly urge a return to
the old rates bv the iteamshtn lines.
and they hope the Pacific coast ship
pers will concentrate efforts to enforce
sucn aemana. .
American flour mills make a serious
mistake In attempting to change brands
in n v rnnrgnig in Tna rv ri onr e hnn
been reported to tne by a few handlers.
Once a brand of goods has been accept
ed and the "chop" registered, the con
sumers want that brand continued and
wtll refuse a brand at lower price and
often of better grade. However, the
grade of accepted "chops'" might be
slowly Improved and the price Increased
within the limit that marks the oriental
line where buying of foreign goods
ceasea and substitution of native pro
ducts begins. The experience of Ameri
can piece-goods manufacturers along
these lines for many years should em
phasize this fact. I. do not mean to say
that some sales may not be made, but
the oriental system of merchandising
gives a great advantage to those firms,
factories, compradores, etc., that stick
to the established brands.
At all points and by all firms Inter
viewed, the invariable response as to
package was that all flours, except a
few new ones the agents for which
had not made, shippers familiar with
the system of lighterage and godown
handling, were well sacked and hipped.
- Last year Formosa imported neanly
54.000 barrels of flour, valued $l"Tl
988, from the United States. The ds
ftiand for flour is increasing aa the
peopie are educated , to enjoy foreign
products within their means, but what
effect, the increase In duty and the
riour production of Japan proper will
have can orily be surmised at this 'time.
It may. lead to the building of modern
mills on the island in the near future.
"Wheat Imports of japan and Tormosa,
. japan imported 108,223,710 pound-ol
wheat In 1910, valued at , $1,662,491,
asainsi ,.ai,s pounds, valued at
$685,140. in 1909. Of these amounts
tne United States supplied 46,76,387
pounda. valued at $746,277, in 1910,
against 5,588,011 pounds, valued, at $94,
109, In 1909. Imports from other coun
tries in. 1910 were as follows: Kwang
tung province, $367,778; China, $248,404;
Australia, $215,101; Korea, $62,601; Asia
tic Russia, $32,332. The Imports in
1910 were received through the follow
ing pbrts: Yokohama, $681,019;: Kobe,
$949,353; Osaka, $35,637; other ports,
$96,482. - -
The new duty, effective July 17. la
" MU l J l C(CtltTf Ui; Ala
38.346 cents per 100 kin (182.27 pounds),
as against 28.886 cents per. kin. under
the old tariff. The Imports of wheat
by Japan for the first five months of
1911 amounted to $1,804,070, against
$716,801 for the same period in 1910, so
that it will be seen that the purchases,
almost equaling last year's total, were
undoubtedly influenced.- largely by the
prospective duty increase, ,
The total wheat production of Japan
last year was about 25.000.000 bushels.
gainst 22,600,000 bushels In 1909. Over
four years ago it was 19,000,000 bushels.
Since the modern flour mills were estab
lished the production has Increased each
year. Some 'of the 'millers own their
grain -fields and employ labor at an
annual wage of 16 to 20 yen ($7.60 to
$10) for men and much' less for fe
male help, the Dronortlon of which is
very large. The wages are in addition
The opinion of some importers is
that, so long as the price compares
favorably With that of Japanese wheat,
American wheat will be In demand. The
increase of 10 cents per Dicul In the cub-
toms duty will not affect the wheat
trade very much, as the Japanese farm
ers will probably raise the price on
their wheat, say, five cents or more,
and the difference can hardly be con
sidered a deterrent to the importation
of American wheat.
Formosa imported .$4,71 wosth of
wheat in 1909. $300 in 1908, $1,096 in
1907. $87 in 1906. and $14,378 worth In
1906. Formosa's principal food for her
3,000,000 inhabitants is rice,' the area
devoted to it being 844,450 acres, while
the area In other grains is only 17,295
acres. The two crops of rice a year,
when cleaned, total about 23,160,000
bushels. That practically tella the
WALLA WALLA WHEAT
HARVEST IS ENDED
Walla Walla, Sept 2. Harvest Is
completed In every part of the valley
and the wheat hauling Is on In earnest.
Two or three weeks ago harvest was
practically completed, but a few belated
machines continued their work until
this week. Now, however, all are done,
from one end of the valley to the other
and foothills and flat alike are ready
to haul grain and have already begun
doing so in most places.
It is Impossible to estimate (the crop
aa yet, but in nearly every locality the
yields were as good or better than had ,
been expected. This would tend to
show that the o.OuO.OOO bushel estimate
will be none too high. There wa lit
tle or no damaee during the harvest.
one slight rain and a heavy wind hit
ting a few places, but not hard. Con
seouentlv there can be said to be a full
yield on the early' estimates.
Hauling to the warehouses may not
show lust what the croo was. either for
many of the farmers are saving wheat
to feed their stock Instead of barley, as
heretofore. The high price of barley is
resDonslble for this, and many well'
posted farmers state that half a million
bushels ulfference wtll be made in this
county as a result.
Grain Harvest Ending.
Junction City. Or., Sept. 2. The
middle of next week will finish thresh
ing of grain and baling of hay in this
The nicKtng or late nops win oegin
September 6th in most of the yards
here ana win last aoout iu days.
Grain Yields at Lind.
Lind. Wasii.. Sept. 2. A. C. Jansen
has threshed 800 acres of spring grain
that made 16,000 bushels, an average of
20 busneis. Henry Kicnarason, wnose
farm adjoins that of Mr. Jansen. has
threshed 600 acres, which made 5000
Sixty Bushels of Barley.
Cove. Or.. Sept. 2. Al Pluhkett har
vested and sold the barley crop from
160 acres wnicn averaged so busneis to
the sere. The entire crop has been sold
to Kiddle Bros, at the price of $1.50
Cash in Hand of 16 Leading
. .Concerns Reaches $45,
, 172,602, Compared With
$44,463, 7 10-a Year Ago.
SALE THE WONDER
rir nirT yj
Will Produce Quality Livestock
A very good start has been made to
ward making the Pacific northwest a
livestock as well as a poultry center
by the recent forming of the "Brown
dale Farms." an incorporation com
posed of men allied with the livestock
The company Intends to start right
and will be breeders and feeders of
registered Duroc Jersey hogs. A spe
cial effort will oe made to elevate the
quality of the nroduct of the three
A farm comnosed of 46 acres has
ben purchased as arf experiment and
recently the first shipments of regis
tered stock arrived. The land is lo
cated two and a half miles east of
the Willamette river above Wtlsonvllle
and Is an Ideal site for the purpose In
tended. The land lies in rectangular shape,
In three parts, about 16 acres being
upland, which will be converted as soon
bh possible into alfalfa for pasturing
hogs. The middle portion lies on a
side bill facing the southeast, on the
brow of which is being erected the hog
and chtrken houses. These houses are
being constructed In the most scienti
fic manner for hog and poultry raising:
the ideas belitg taken from the United
States government. '
The third pert of the land is bottom
land, adjoining the Pudding river, con
sisting of about 25 acres, eight of
which are genhine beaverdam land. The
company Is planning going very exten
sively Into the raising of onions .and
The balance of the bottom land will
&robably be used for raising corn to
used as forase for feedlnar hoss inrf
a few carrots will be used for the same
purpose and potatoes for the Portland
The company has 61 stockholders,
the board of directors and executive
committee being as follows: H. H.
Young. W. W, Downard, A. C. Black, N.
m. mon, i. in. oiiKniuer, or the union
Meat company; U R. McQee, Portland
Union Stock Yards company; W. A. Wll-
. roriiana unit ioan company and
R. H. Brown, purchasing agent. Union
Meat company. , . ..
The officers are: R. H. Brown, pres
ident; N, B. Stone, vice president; I
R. McQae, secretary; o. F silknitter,
treasurer.' . .
About January 1 the company ex
peots to embark In the poultry .busi
ness on a large scale, employing an ex
perienced rnan.to devote Bis entire time
' ' w v ?' v. rail
, Tl ' ',,
r. v iff
St. VA" 4i -"T t,iTJ
Bj Preston C.' Adams.
(Publishers' PreH Uased Wlrt.V
New York, Sept 2. Whatever . the
situation may be in Wall street, and
from the- broker's standpoint it ia die-
on ina pari or men wno Know tnat tne
f eneral oondltiona throughout the count
ry are sound and that there is no rea
son to feel alarm so far as any line of
legitimate ousiness is concerned. .
The great industrial concerns, of
hlch United &tateaBfeel is a Tvne. "are
uihuj gooa Dusiness in proritaDie lines.
In a wholesale way the work of distri
bution is going forward quietly and
steadllvr- International . trade was
checked Somewhat by the labor troubles
in England but soon will be back in
normal channels. The great' staple crops
are on the whole in good shape and the
railroads look for a season of activity
in moving mem.
With it all there is a feel Ins: of con
servatlsm and caution throughout the
wnoie ousiness won a, wnicn pronaoiy
will continue, as next year sees a presi
dential election, J the result of which is
more in doubt than any for the past 20
This conservatism' la not regarded as
a bad thing under all the circumstances.
It will prevent anything like a boom
but will not Interfere with the steady,
profitable conduct of the business of
It is interesting as well as significant
that a majority of prominent industrial
corporations have . Increased their cash
holdings over those of last year.
Sixteen leading companies, viz., Amer
ican Car & Foundry. American Beet Su
gar, American Smelters - Securities,
American Smelting & Refining, Ameri
can Radiator, CornProducts Refining.
International Nickel, International
Steam Pump, National Biscuit, Railway
Steel Springs, Republic Iron & Steel,
V. 8. Cast Iron Pipe & Foundry. U. S.
Realty. U. 8. Rubber. Virginia-Carolina
Chemical and Westinghouse E. & M-.
have reported thus far during 1911 total
cash on hand and total assets, which
compare with former years as follows:
Year. Cash on Hand. Total Assets.
1911 $45,172,602 1, 047,462.081
1910 44.463,710 1,040,285,744
1909 89,950,612 993.869,405
It is noteworthy that cash reserves
are increasing more rapidly than the
total assets, for the percentage relation
of cash on hand to the total assets of
the 16 corporations was 4.30 per cent
In 1911, compared with 4.23 per cent in
1910 and 4.03 per cent in 1909.
Wall street students continue to dis
cuss the distressing falling off In stock
speculation. All sorts of reasons are
advanced for it Here is how it strikes
one imanciai authority:
"Doubtless the outsider who regards
speculation as a mere gamble, always
loses in the long run. He makes money
at first .and it is all the more certain
mat ne win spread out unduly bv
pyramiding his paper profits, and will
lose everything at the first blr slumn.
The outsider has been learning a few of
mese inings during me oast rive or six
years. Among other things he may have
learned that the "insiders" in the Steel
Corporation, the American Tobacco
company, the Standar4 Oil eompany,
and many other big enterprises have
maae money oy putting away their se
curities and waiting patiently for them
to increase in value. These samples so
wiaeiy published have probably not
been without efject upon the small
uuiuor. nas learned tne roily or pa
lng 314.50 everv time he aella 1
shares of stock, upon wblcH he paid a
TOiummion or iiz.du wnen ne purchased
n, fciuaps noiaing 11 unaer neavy in
terest charges for a rise which did not
cpme in season. He has learned that
the Rockefeller-Ryan system of salting
I" -- ui vnikv IllVl J 11 ill?.
but that it is much less expensive and
more certain in Its results.
"If this theory is correct that a cer
tain portion of the public has learned
the risks Of sneculattnn nn maraln It
might account for the shrinkage In the
voiume or transactions on the stocK ex-
cnange. jsven professional speculators,
who take oom missions to create a mar.
ket for new securities, hsve had less
nsaterlal to work on during the last
few years than Immediately after th
organisation or tne big Industrials. This
accounts no doubt in part for the ces
sation of active movements but It Is
doubtful if such movements would
again Invoke the following of a few
"It is perhaps premature- to draw the
conclusion that the entire public has
been educated to conservatism and san
ity by its experience of the last few
years. The American will always take
Market Suddenly ' Jumps to
. $6.10 for One Lot but Local
' Stuff of Quality Brings No
More Than $5.65.
(i-sS-M - Z 'k :
In the past two years there have
been a number of Interesting changes
In the relative positions of some of
our "captains of industry," so faf as
concerns the number of positions held
by them. The new "Directory of Dl
rectors, published this week and giv
ing the names of those who occupy
the greatest number of seats at cor-
g oration boards, showed thst W.- C.
rown, president of the New York Cen
tral, has taken the place of W. H. New
man as leader .of the list Newman re
linquishing his plsce wlths-a number of
companies. F. D. Underwood, executive
head of the Erie railroad, is third on
the list, but instead of J, P. Morgan
being fourth, as formerly, William K.
Vanderbllt Jr., haa moved into that
place. Two years ago he was director
ln, ? .companies; now he is associated
J. P.'' Morgan now Is a director in 65
companies, double tha number of 10
years ago. Unlike W. H. Newman. W.
K. Vanderbllt. Chauncey M. Depew,
Oeorge J. Gould, James Stlllman, James
J. Hill . and Thomas F. Ryan, he has
not relinquished any of his positions
to the younger generation, notwith
standing that two members of his
banking firm. E. T. Stotesbury and
Charles Steele, represent Him at 87
boards. Robert S. Lovett is gradually
assuming the positions laid down by
E. H. Harriman and Edwin' Hawley is
Increasing his Influence considerably,
William Rockefeller and Cornelius Van
derbllt have ssaumed additional duties,
but John D. Rockefeller has continued
on only the one directorate that of
the Standard Oil company.
. An. indication of how some of the
largest interests in the financial dis
trict regard the financial outlook was
given very clearly a day or two ago.
A large merchant who carried- probably
1600,000 ln loans year ln and year out,
went to one of the largeat downtown
banks with a' view of having a oon-
PORTLAND LIVESTOCK RUN.
Week. Hogs. Cattle. Calves. Sheep.
Aug. 8 .... 803 1776 138 9288
Sept. 2 ....'1140 1262 118 2460
Aug. 26 .... 1481 1724 207 6410
Aug. 19 ..., 1007 209S 248 10172
Aug. 12 .... 1886 7667 137 7127
Bj Hyman IL Cohen.
Sals of 60S head of Montana steers
bat averaged 1148 pounds at 36.10 per
hundred pounds Wednesday, was the
tndl ' th w,6kn
The wondes' or the transaction was
KnJ J."?11 M t theauallty presented
?hi it Vie "l0011 hlhr Price paid to
the outside shippers than would be al
loyed home producers. . r-
.tS.th".n!.ia. that the Montana
steers sold at.tA.fn i.
l0ar teers that were just as .good
duality were fatter, but would not
SiaJ,-up.Iu.,i " .weI1 n killing -were
51.d.Kat.wl5f16, pd this was the last
Pi?tch ,nat coul(1 b squeexed out of
tne trade. .
As a result of this transaction therr
has been much Hiaifin . m .
leading feeders of the Pacific northwest
fnd.uth,tBale, na? resulted ln actual harm
to the Portland marVat Y Th. k.,
higher prices are available for outside
shippers than local feeders are able to
secure la a detriment to the trade.
All hands acknowledaro that h. Mon
tana atuff should have been worth more
money than the local top offerings of
Wednesday, but the differential snould
not have been more than 26c and even.
18c would have been a good showing..
uarae nan is Increased.
Run Of -cattle at North Portland tir.
lng the past week shows an increase
over the runs of recent weeks. Thiu
was due to the big. lot of 29 cars that
came forward from Mnntia Th. im
part, of this shipment is that the ship
ment was msde to this market inthe
face of the fact that North PnHUnH
values were lower than South Omaha,
to which place the shipper usually sends
Total offerings of cattle during the
week were 2252 head compared with
1724 last Week. 2099 the nrevton n-eelc
and 1776 a month ago for a like per-
North Portland range:
Choice steers '. . . . 5 60
Common steers 4.00 4 25
Fancy heifers 4.SO4M.90
Fancy cows 4.60
Ordinary oows 3.00 4.4(1
Fancy bulls 2 nniS.ino
Oood ordinary bulls 2.50
Common bulls .2.002 "5
Fancy light calves 7.00
Medium calves 6.R0O6.00
Ordinary calves 4.00 5.00
Hogs BsU at Advance.
Hogs sold at an advance of 15c in
the North Portland yards during tho
past week, one sale being made as high
as 38.60 for -light stuff.
The run wss 1140 head compared with
1481 last week and 803 head a month
ago for the like period.
Nominal North Portland hog prices:
Extra choice light 38.60
Medium light 8.35
Smooth and heavy 7.25
Rough and heavy 6.50
There was a big decrease in sheep
and lamb offerings in the yards dur
ing theweek. While only a fractional
(Continued on Following Page.)
ference to guide himself ln his business
during the next few months. He had a
long talk with one of the vice presi
dents of the banking institution in
question and was greatly surprised at
the extreme conservatism ana note of
caution indicated ln the remarks made
by the official in question. There was
no particular tone of discouragement,
but whatever confidence shown wss of
a negative character and when pressed
for a direct reply the following- epi
grammatic statement was made with a
smile: "We have blank millions of
money available for Investment and we
have not Invested It yet."
Whether it waa the bank s own money
or the private funds of the large in
terests associated wun tne Dana in
question was not staled. But the in
quirer came away with a very distinct
impression that at least some of the
very largest Interests In the Wall
street district are not yet convinced
that liquidation and pressure agatnet
the market have been fully completed.
Davenport Grain Heavy.
Davennort. Wash.. 8ept. 2. Ootlelb
Relnboldt a prominent rsncher of the
Egypt country, .has marketed a portion
of his fall wheat, which averaged 36
bushels, an acre. Spring wheat, from
thai same ranch will run close to 26
bushels, and both varieties havs tested
Winipeg Wheat Market, '
Winnipeg. Sept. 2. Wheat trade is
very light. On the opening exporters
took a little around 98 V4 to He. the
buying coming from cable business.
Exporters continue to buy October
around 98 "c.
... , " .
Cotton. Grain, Etc ,
Board of Trade Budding
t Members Chicago Board of Trade,
' Correspondents of Logan A Bryaa.
.. Chicago. New Tsrk. Boston.
Ws have the only, private wire
sOBotln Portland with the
' v - ; . astern anohanges.
$500,000 at 6
ee,, five or ten years, insunis from $25,000 up
mv: entire; bond issues purchased
; : Timber Issues a. Specialty -V-'v
the L. Y. Keady In vestment Co.
. v 926 CHAMBER OF COMMERCE - "l
. 1 to tne poultry ana or tne business. .,
. Iffipotred , registered wta