The Oregon daily journal., February 11, 1912, Page 56, Image 56

JO
i THE OREC-ON. SUNDAY JOURNAL. PORTLAND. SUNDAY MORNING, FEBRUARY,. 11, 1012.
MARKET
OF THE
OF POULTRY IS
THE HYPNOTIST
P SITUATOIN IS A
CATTLE FEEDERS ARE .
NCREASiNG IN OREGON AND EGGS ARE IN
MUCH HEAVIER SUPPLY IN LOCAL MARKET
BLACK SPOT
LI
OF
KILLERS GET BENEFIT
1 BOM)S 1
ii produce it wnnrn
PRODUCTION
GRADUALLY
r" I I sjimrTfVn l ' Ill IS!S, m ! IIIIIHJL IMS" V
S 1 91 a HOP CROP HEAVY-J ? . ' Y
Y 8RINCR& HftME THEIR' 7.
W GirAn6 .YOUR "K -
UPON
own ; nno mm
i.M mi rii.M 1 mis1 .,.
BUSINESS
WORLD
Volume of Increasels Create.- Than During Any Previous Season, but
Industry Is Really Just Getting Started in Pacific Northwest? Foul-
' try Products Valued at $16,600,000 for Single' Year; Better Varle.
ties Are Being Produced; Appliance Sellers Doing Heavy Business.
State Poultry Production. ,
Number. , Value.
191$ ...... 9,000.000 $7,000,000
1911 ; 6,000.000 4,000.000
Oregon xge Output.
Dozen. Value,
181J
1911
32,000,000 $9,600,000
.25,000,000 6,250,000
' By Ilyman H. Cohen.
There has been a tremendous Increase
Jn the production of poultry and poultry
products within the apace of one year.
The Industry at the present time is in
creasing faster In Oregon than during
any previous period. Within the spac
or a mgie year . me iruumu
chickens and other barnyard fowls has
increased S.000,000 head, or fully third.
An estimate just compiled by fbe
Journal after a careful examination of
express receipts and shipments as well
as through the aid of various corre
spondents shows that there are in Ore
eon at this time approximately 9,000.000
fowls compared with 6.000.000 a year
ago. The value of these is placed at
$7,000,000 compared with $4,000,000 a
' The product 'of the ben. eggs, shows
tremendous increase that promises lo
place this section in an independent po
sition of eastern storage goods wltnln
the space of a few more seasons. VW
ing the year the estimate gives the pro.
ductlon of eggs at 83.00,000 dosen of
a value of $9,600,000 compared with i 25,
000.000 dosen valued at $8,360,000 a
Heavy .Increase Everywhere.
Investigation shows that -there has
bean a tremendous increase in the pro-,
auction of poultry at all Pacific north-
west points. It has likewise been shown
SHORT SELLERS MAKING
m nrr unoo cdhwi
u ul nuro uum
Is the firm of Pincus &- Sons of
Tacoma selling hops short abroad at
a price below the market and bearing
down conditions here in an effort to
force growers to unload at a sacrifice?
-Suddenly and without the slightest
warning orders for hops from England
were cancelled by brewers with the exT
. planation that they had purchased froth
a : westovn Washington firm hops at
much less money. 1 '
There were orders in the market pre
vious to the nresent bearish movement
of . the outsiders, that would have
cleaned up practically every bale re
gaining on the Pacific coast. Hop sup
plies in the hands of growers of the
United States at the present time show
Jn .bales: i
(tregon 3,Ono
Washington 1,200
'California M"
,New York 1.280
Total . 7.260
' This amount of hops is not sufficient
INCREASING INTEREST IS NOW SHOWING IN
; ; : : tiIe wool MARKET WITH PRICES favorable
Locally there Is increasing interest
in the wool trade. Prom 17 to 19c a
pound is being offered for valley stock
while as. high as 16c Is available for
best clips of eastern Oregon.
Considering the wool tariff agitation
end general business conditions the
present showing of the trade is remark
able and 1b a surprise even to leading
buvers.
i Dealers are again sending out warn
PORTLAND WHOLESALE PRICES
' ', drain. Flour and Hay.
These prices are those at which whole
saler sell to retailers, except as other
wise stated:
WHEAT Producers' prices: track de
livery 8687c: bluestem, 8990e; for-
xy-ioia, boc( wiiuuueue vnuoy, (
S7c; red Russian, 85c; Turkey red, 86ft
87c.
'. BARLETr Producers' prices lll
Feed. 436.00; rolled. $36.00; brewing.
$gt 0040.00. '
MTLLSTUFFS- -Selling price Bran,
$!J.00; middlings, $29.BO; shorts, $25.00;
chop, $1.00 0 25.00. Car lots 60o per
: " ton less.
OATS Producers' price Track No. 1,
. spot delivery, white, $3232.50; gray,
' $31.60.
FXOT.TR Selling price Patents,
$4.504.70; Willamette, $4.50 per bbl.:
local straight, $4..05igi4.25: bakers' $4.30
4.60; export grades, $3.80.
HAT Proeucern' orice 1911 crop
Valley timothy, fancy. $14.5015; ordi
nary, $1314; eastern Oregon $18,604?
J 7: Idaho, $15; mixed. $13 014; clover,
$9910; wheat. $11 12: cheat. $1112;
alfalfa. $12.500113; oats. $11 12.
. ' ; " ' Better, Eggs and Poultry.
' BUTT iSR Extra creamery cubes and
, tubs, 85c, prints 34c: ordinary prints
mtc: dairy 18c.
. BUTTKI . FAT Producers price F.
.'.. b. Portland, per pound. 34 tt.
EOGS Local, extras, i'9HfeS0c; spot
buving price, 28c f. o. b. Portland;
. Aprils. 2 Se.
POULTR1T Fancy hens. 14c per lb.;
pprings, 18c; broilers and frvers, 20c;
geese, 11c; dressed, 16c; live young
ducks, 20c: old ducks, 18c; turkevs,
. alive, i nominal, 17c: (Tressed, 20c;
pigeons.-old, $1; young. $2 iff 2.40.
- GAMK Jsckrabblts, $2 per dozen.
CHEESE Nominal: fresh Oregon
. fancy, full cream, triplets and daisies.
. J9fl20e: young Americas. 20c; storage
flats, lie: young Americas, 20c; eastern
-. daisies. 20a.
BEING CLEANED HERE
At the present-rate of shipment. It
mill be only a few weeks before total
kuppllas of onions in Oregon are cleaned
up. During the week H cars were
fclupped. Of this number all but three
cars wcrs sold at $2.25 per cental at
country potnu. according to the official
report of the Confederated Onion Grow
ers' association yesterday. : -! !
Within a few days th. 75e freight
vai-ta Chicago wtll becom effective
Mid lii'r shipments are expected in
ON ON
SUPPLIES
that the bulk of tills Increase Tins come
as a result of the small farmer who
has doubled his poultry holdings be
cause of the financial gains. The small
est gains were shown In those places
where regularly established poultry men
resided.
Going' further. Into the subject of
poultry production Increase It Is
seen that eastern Oregon contributed
more than Its percentagu of the increase
noted. There was & like increase from
central Oregon, although the figures
from there are not so definite.
Shipments of poultry are being made
to Portland from sections that a few
years ago were compelled to Import
aumciont supplies -tor tueir own re
quirements. This applies principally to
those places in central Oregon tnat
havK recently been nlaced Into railroad
communication with the outBide, world.
Greater Increase Host Season.
Information given by handlers of
noultrv raising; anollances would indi
cate even a greater increase during the
coming seaHon than has oeen snown in
the past. The increase recently made
hni been In the face or many expert
merits by amateurs, who hereafter, will
be in position lo give out larger sup
nlles. .
More poultry raising appliances have
been sold In Oregon during the past
season than during any previous five
rears, according to those that handle
hem. This would indicato the growing
interest that the rural population is
giving to poultry ana egg proauciion.
Better Stock Zs Bought.
Not only has there been a tremendous
Increase ill the production of poultry
and eggs in Oregon during the past
year but the stock is of better quality.
A far better grade of hens has been
marketed on Front street during the
past season than ever before. The
varieties are much more uniform than
during recent seasons, showing that
raisers are discovering the best breeds
suited for both table and for egg pro
duction.
THHR LAST STAND
TUC PDnw
u
to glvi brewers their requirements for
a single month, therefore the trade con
tends that it is not the surplus of hops
that is creating tyie present turmoil in
the trade but the tactics of short sell
ers. While it Is not positively known
that rincus is the seller of these hops
abroad, it is known that the Tacoma
rnun has been spreading bearish talk
throughout the country.
It Is generally contended that some
one who has likewise sold heavily
short of 1912 hops Js making the pres
ent bearish movement to get the ideas
of growers down. All sorts of false in
formation is being sent out to domeatie
and foreign brewers to keep them from
purchasing hops at this time.
The situation Just now is entirely in
the hands of the growerp. If they rush
to Bell while the bears have the orders
eancelled it would only cause a further
wrecking, of the trade. Most of the re
maining hops in Oregon are in rather
strong hands, therefore It is not likely
that the Belling or offering will be
general.
ings to growers not to tie their wool
with sisal twine the coming season as
it will result in heavy financial loss.
Sisal twin's gets into the wool and Is
said to have caused the loss of many
thousands of dollars to clothing manu
facturers. 8ome will not buv wool that
is tied with sisal, at any price.
A nominal amount of mohair is com
ing forward and is finding bids of 30c
a pound from dealers. . ...
Fruits and Vegetables,
POTATOES Selling prices: Ordinary
Oregon. $1.25; god. $1.15: buying
price table Btock, a$l ffl.20; Amer
can Wonder seed, $1.25 1.50; sweets,
$3.25.
APPLES New crop, $1.50(3)2.76.
ONIONS Yellow No. 1, $2.60; No. i,
$I.26fl.50: garlic, 78c.
VEGETABLES New turnips, $1(?J)1.25
sack; beets, $1.60; carrots, $1.26 & 1.50;
cabbage, $1.25;, Mexican tomatoes, $2.26
per lub; beans, 12n; green onions, I5e
dozen; peppers, bell, 20c lb.: head let
tuce, $2.76 per crate; hothouse, ( )
box; radishes, 15o dozen bunches; celery
$5.50igi.00 crate; egg plant. 10c lb.; cu
cumbers, hothouse, $1.40 dos. ; peas, 17c;
cauliflower, local, $1.2501.35 Joz.; Cali
fornia. $2.60 per crate.
FRESH FRUITS Oranges. $2.25
2.75; tangerines. $2.50 (fiP 2.76; bananas,
4 He lb..; lemons, $5.50; limes, $9 a case;
grapefruit. t6.00iji7.O0: pineapples, 64
per lb: cranberries. tll12; pears,
$1.60; Jap oranges, $1,261
Qroeerfca.
SUGAR Cube, $6.65; powdered, $6.46;
fruit or berry, $8.25; beet, $6.15; dry
granulated, $6.25; D yellow, $6.65; Hon
olulu plantation cane granulated, 60
less. (Above quotations are TO daya net
cash.)
RICE Japan. No. . 1.. 598 Vie; No. I.
4 He; New Orleans head. 6 14 6c: Cre
ole. 6c.
SALT Coarse, half grounds '00s $8.60
ner ton: 60s, $9.00; table dairv. 60c $1$;
100s. $17, bales. $2.20: extra fine barrels,
2s. 6s and 10s,, $4 6.; lump rock,
$2O H0 Per ton.
BEANS Small white. $4.90: large
white. $4.85: pink. $4.25; bayou. t.76;
Llmas. $7; reds. $5.50.
HONEY New. .76 per case.
Hops, Wool and Hides. '
HOPS Producere price 1911 crop,
choice, 4041c; prima. 40c; medium, $9c;
1909 growth, 20c; 1912 contracts, St&
2tHc; 1913 and 1914. 17318c
WOOL Producers' price Nominal.
1911: Willamette valley, 14H17'4c;
eastern Oregon.'916c
MOHAIR 1911, selected, I7c s
CHITTIM BARK Producers price
1911, less ca riots, 6 Be; carlota. 6 He
f. o. b. Portland.
TALLOW Prime, per lb.. 4e; No. $
and grease, 22c.
HIDES Dry hides, 19c; green, 9
10c; salted hides, 101.4 lie: bulls, green
salt, 8c; kips, lie; calves, dry. 26c; calf
skins, salted or green, 17e- green
hides, l&lMe lest than salted; sheep
pelts, salted, November, 90e; December,
$1; dry. 10 H lb. ' .. ,.
Meats, Tlth and FroTlslona.
DRESSED MEATS Front street;
Hogs, fancy, 8Hc; ordinary, TH8c;
heavy, 7o; veals. extra,. 13ci
ordinary. 13c; poor. 12c: spring lambs,
80c; mutton. 78c; goats, IffllHc;
beef, 6 9c.
HAMS. BACON, Etc. Hams, ' J49
.ISc: breakfast bacon. 13Hfe24c: boiled
ham, 22023c;- picnics, .lOHc? cottage,
HJfcl regular short -clears, smoked,
12Hc; backs, smoked, 13c; pickled
tongues.; 75o lb. , . , : ,;. . .
cDcnrnornnM
IL UIUI!LI0 Ul UIU.UUI1
ASIA IS
Mountainous Country Is Natural Abode for' Animals Which Have Long, Silky Wool; Angora Is Center of
District and Is Located 220 Miles From Constantinople; Mohair Said to Be of Excellent Quality and
Sells at Oood Price; Other Countries Trying to Raise Goats.
By Augustus E. Ingrain.
United States consul Bradford, Eng
land, i
The antiquity of mohair, the long
silky wool of the .Angora goat, as a
textile fabric is well known. The na
tive home of the Angora goat is In
the mountainous interior of Asia Minor.
The center of the district is Angora, In
Armenia, about 220 miles from Con
stantinople, and the. goat derives lta
name from this small town. The name
'mohair" is said . (by Prof. Clapham )
to be a corruption of the French form
of an Arabic word for haircloth and
has nothing to do with the English
word hair.
Until comparatively recent times al
most the entire supply of mohair was
obtained from Constantinople. For
some time all attempts made to ac
climatize the Angora goat elsewhere
proved unsuccessful, as when removed
from Its native mountains me wool ae-
terlorateed and lost its distinctive
features. It has now, however, proved
successful la South Africa, especially
in the Natal district, whence the so
called "blue" hair is now exported.
Mohair is also successfully grown in
Australia and in the United States.
The best mohair is still shipped from
Constantinople and is called Turkey
mohair, though by far the largest quan
tity received in the United Kingdom
comes from South Africa. The growers
in South Africa clip twice a year, there
being a tendency otherwise for the
goats to shed their hair. The first clip,
called the summer hair, is shorn In
April and is the longer hair; the second
clip in August, called the winter hair,
Is the short hair. The finest hair is
the so-called "Cape kids," being the
first clip ever taken from the animal.
The following are the statistics of im
portations Into the United Kingdom
for 1911: Turkey mohair. 37,378 bags,
or 6,650,000 pounds; Cape mohair, 36,
300 bales, or 18,110,494 pounds; alpaca.
24,092 bales. The alpaca is all sold In
Liverpool. The bales weight approxi
mately 20) pounds each.
Alpaca (tho hair of the alpaca or
Peruvian goat) Is a material often
classified with mohair, . as both of
these fibers are distinguished for their
silky, texture and bright silvery, almost
metallio luster. Alpaca was the first
of these raw materials to be utilized
commercially in Bradford.
Introduction of Alpaca and Mohair.
In 1832 a firm of wool brokers in
Liverpool received a consignment of
alpaca direct from Peru, but not until
1836 was a purchaser for it discovered
REVIEW OF
Potato Movement" Increased at
Willamette Valley Points
During Week.
There was a greater movement of po
tatoes from country points during the
past week. Producers were offering
somewhat more liberal. The fact that
outside markets have not shown any
advance recently has caused some to
change their views regarding extreme
high prices. There remains a very good!
market for the Willamette valley pro
duct from the south and southwest
While Arizona and Texas orders are
showing fractionally lower prices, this
decline is generally being absorbed by
dealers who are very ansxlous to do
business and help clean up the potatoes
that are left. Notwithstanding the
views of growers, few of the dealers
really believe that prices will advance
and feel that they are doing themselves
as well as others a good turn in clean
ing up Oregon's great 1911 production.
During the week there wuh quite a
fair demand for seed from central and
southern California .points. This was
confined almost entirely to American
Wonders and for these the buying price
continues up to $1.60 per cental at couni
try shipping points.
The jobbing price along Front Is
showing no change. Choice stock ia be
ing sold by dealers at $1.25 per cental.
HOP MARKET BAGS LOWER
Prices Nominally Quoted Off .With
Shorts as Bear Factors.
' Hop prices sagged to a lower point
during- the past week. Short sellers,
aided by brewers, kept the demand for
spot goods at low ebb. In fact there
was practically no call for 1911s during
the week. The market has been nom
inally placed at 40c a pound, but really
there is nothing to base even this price.
Contracts were firm but Inactive with
growers still showing a holding ten
dency. ' , .. '!' r
:v- .' ' - , ' . ;.',.,'.'; V.
EGGS SHOW, SOME WT2AKNESS
Slarket Shows Heavier : Ron,' but
a .Price Changes Rather Small. I
White considering the heavier offer
"? -?f .ggB ,n th Front street mar
ket during . the past - week, trade .re
mained on a very satisfactory basis,
prices were about la lower than fast
' ' : : 1 1 : : " Y " . y -
HOME OF ANGORA GOAT
This purchaser was Tltua Salt, of
Bradford (who had already discovered
the commercial possibilities of Russian
or Donskoi wool), and the account of
this sale, so surprising to the disheart
ened importers, and of the difficulties
encountered by Mr.' Salt In devising
me necessary proceaaes in order to
make from this unattractive fiber a
beautiful and lustrous cloth, la one of
the most interesting chaoters in the
textile history of Bradford. So suc
cessful was this experiment that In a
few years alpaca cloth was on . sale
everywhere, and the use of mohair was
also undertaken. For many years Mr.
Salt carried on the new manufacture
in Bradford, occupying several factories
In tho town. In 1863 he erected a model
factory and village just outside of
Bradford, on the. banks of the Klver
Aire, the- place now being called Salt
aire. Provision was made for all the
needs of the Inhabitants, Including
schools, hospitals, parks, etc. These
mills now contain 83,000 spindles and
800 looms, and helr productions con
sist of alpaca, mohair, cashmere, camel's
hair, worsted and silk yarns and goods,
though the specialties of manufacture
are alpaca and mohair.
Imports and Exports.'
The following statistics show the for
eign trad in mohair in the United King
dom: Years. Im'pts. Reexp'ts. Net tmp'tsM
xuonair rounds. rounds.- founds.
1908 26,383,396 762,526 24,620,870
1909 30.333.791 765.497 29.568.294
1910 29,961,746 1,044,922 28,906,824
Aipaca, i!.tc.
1908 4,775,668 861.549 3,914,117
1909 5,277.539 588,429 4,689,110
1910 5,878,470' 578,962 5,299,508
Tho exports of alpaca and . mohair
yarn amounted to 13,766,400 pounds In
1908; 15,808,800 pounds in 1909; and 17,
372,100 pounds in 1910. Germany was
by far the largest purchaser, taking
in these three years a total of 33,307,
200 pounds, followed by France and
Russia. Small amounts are also sent
to the United States. It was said at
one time that these yarns could not
be spun to advantage In foreign coun
tries, owing to the climate, but this Is
Gradually being overcome In the 'United
tates and Russia.
Bradford the Canter of the Industry.
The business In mohair eally com
menced about 70 years ago, the raw
material being Imported into London
and Liverpool from Asia Minor by sev
eral rich Greek firms, but the Bradford
mohair merchants soon began to import
direct from Constantinople, and these
direct Importations have since devel
NORTHWEST
Local Cheese Market Is Al
most Entirely Bare of All
Sorts ;'of Supplies.
So far as home made cheese was con
cerned there was not enough stock ti.
offer in the Portland trade to base 11
quotation. Fresh stock came forward
In very nominal supply and the b'tU
of this found ready sale around 19 2dci
a pound. It was. not so much the oues:
tion of price as it was to get the cheese
aurintf ine cast weea.
An Investigation made by' The Jour-.
nai auring tne past weeK inaicatea that
fully two-thirds of the cheese cutters In
the city were out of commission at this
time owing to-the inability of the retail
trade to purchase its requirements,
A small amount of cheese . that has
been in storage since last June was of
fering during the week at 17c a pound.
This alone would Indicate the great
scaroity of fresh stock. On th basis of
the price asked for - this old storage!
cheese fresh cheese Is really cheap at I
ivu a pguna, .
Not only are there practically no
stocks remaining of fresh local cheese
In the Portland market but even stocks
from the east aro hard to obtain an,)
prices are generally the highest known.
Portland has always been a loyal mar
ket for the home product and for that
reason, unlike other markets along the
coast, does not order heavily of eastern
stock.
' sr. ,-
4
.
4 Weekly Crop meport. ,4
4 Seasonable weatherthrough- 4
4 out the Pacific northwest gave 4
4 the wheat, crop another lift. In 4
4 some of the earlier - sections 4
4 spring work is well under way; 4
and present Indications point to 4
4 v an increased acreage. .- -V3V ' 4
i BUTTER SALES ARE HEAVY
While Make Hag Increased Demand
Is Much Better Than Supplies. .
Sales of butter in the local market
during the week were the heaviest for
some time, v The recent sharp declines
In the price have , stimulated demand
to a considerable extent. While the
make 1s increasing owing to milder
weathert practically all local creameries
cleaned up their holdings . during the
. oome ana less outier tnan tney
una vratra 10 iiiu
oped so extensively that the bulk of
the mohair grown jn Asia Minor -and
in South Africa is brought direct to
Bradford. It has been computed that
Bradford purchases over two-thirds of
the mohair clip. Mohair grown In the
United States has been purchased In
Bradford, though not recently, as the
American mills are apparently consum
ing all the domestic supply." It Is also
said that the mohair grown In the
United States is not of so good a qual
ity as the Turkish or the South African.
Shipments of mohair to the United
States from this district have been made
regularly for many years past, the larg
est amount being $353,097. In 1907, the
shipments declining to $140,220 In 1910.
The demand for mohair is very large
ly dependent on the prevailing fashions
and fluctuates accordingly, when the
demand for ladies' dress goods runs to)
bright fabrics, large quantities are re
quired. The braiding of ladies' dresses
and the edging of men's coats and vests,
which Is a variable fashion, also seri
ously affects the consumption of mo
hair. When the prica of mohair rises,
either from excess of demand ox short
age of clip, manufacturers turn to the
luster wools (such as Llcesters. Lln
colns. etc.) as a cheaper substitute or
blending material.
Not only are large Quantities of mo
hair dress fabrics, known as brillian
tlnes, etc., manufactured in the Brad,
ford district, but also linings, plushes,
etc. Alpaca is largely used for linings,
but the mercerized cotton fabrics have
proved serious competitors. Most . of
the mohair and alpaca is woven . with
cotton warps. Mohair Is also used in
the manufacture of braid, buttons and
bindings. The manufacture of furni
ture plush also calls for large auanti
ties of mohair yarn, this plush being
largely usea. Dom in Europe ana in tne
unitea states, tor tne
States, for the uoholsterlna- of
railway carriages and alno for sofas.
cnairs ana taoie covers, imitation seal
skins, astrakhans and other skins are
rIko made from mohair ,and such per
fection has been reached in their manu
facture as to render it difficult to dis
tinguish the imitation from the genu
ine without' close inspection. Mohair
has also been used to a considerable
extent for doll's hair and for theatrical
beards, wigs, etc, but of late a new
creping or plaiting machine has enabled
the utilization of other lustrous wools
for this purpose. The demand for Ted
dy bears and other toxs of that char
acter also led to the use of large quun
titles of mohair. Unfortunately, the
statistics of finished fabrics do not
separate those containing mohair' from
the pure worsteds.
PRODUCTS
Wheat. Market Shows a Very
Firm Tone With Higher
Price; Good Sales.
By Hyman H. Cohen.
The wheat market was unusually firm
during the past week. While It is usu
ally the rule for the trade' to reflect
considerable - easiness just previous to
March, which 1a tax time in tha tt of
Washington, all offerings made by pro
ducers during the past week have been
quickly picked up.
Millers have been practically the only
operators, the purchases made by ex
porters during that period being for the
account of millers elsewhere.
Sales of club were made during the
week as high aa the 87 c basis for
track delivery tidewater, while a num.
ber of transactions for bluestem war
quoted at 0c a bushel. -"f ;
Advices received during the week indlr
cate that ' previous estimates made of
the holding at interior points at, 6,000,
000 bushels were in reality too hlghj
while no other basis than the talk of
buyers themselves can be given at this
time, It la stated that present holdings
by producers in the. three states of the
Pacific northwest are. not more than
6,000,000 busiiels at the outside and
some are inclined to believe that if the
holdings of every grower were listed
the totals would not be above 4.600,000
bushels. This, taken from a total crop
that went close to the 64,000,000 bushel
mark, indicated tha great sales that
were secretly made during the season,
of which the general trade knew ..noth
ing. .-'.'- , - - , .
Less Wheat Than Believed. ' :
Former estimates were made on the
basis that holdings In Walla Walla coun
ty were close to 35 per cent of the total
crop but latest advices from there which
made careful estimates for The Journal,
would not Indicate -holdings of more
than 15 per cent at the outside. Even
this Is considered liberal. In that case,
and takina other districts! into consid
eration where the selling was likely
more than at first believed.' It is not
likely that present holdings would
reach even beyond the 4,000,000 bushel
mark. . . ;r ; .' . . -1 ....v.: . t ...
Mexico entered tha market ' on a
small scale during the past week.- The
recent reduction of the duty there from
$ to lc per kilo for the purpose of en
abling millers of the republic to grind
wheat, has caused considerable inquiry
to come ferward. White most of this
has been directed to California, parties
who are alwavs in touch with tha Mx.
-icau trade, sum of. it. .came, dlreoi to 1
Possibilities of Strike ita United
' States and feuropo Has Depressing
Effect Upon the Trade; Canadian
, Pacific BuUdlng.
By Preston ,0. Adams.
1 (PuDUahtn' i Press Lh1 WIh.I '
New York. Feb. 10. The darkest Soot
on the busfnesa horizon just now is tha
coal situation. This Is aa true of En
land as It is oftbe United States.' The
British; miners already have voted , to
strike if their demands ars not acceded
to. The agreements between the Amen
lean coal miners and operators wiU ex
plre on March si. and there la at present
serious doubt If they will be renewed. ;
; If the coal miners of the two greatest
coal producing and industrial countries
in the world should cease work at the
same time the - consequences to the
world's business 1 would ba appalling.
The British - government is working
with the utmost energy to bring about
a settlement' of - the troubles in that
country and strong Influences, are at
work in this country to prevent a ces
sation of o Derations here,. I
If , they do not succeed the" disloca
tion of business would be fearful and
the results far reaching. -, , , s . j q
A Consolidated Exchange house In the
pursuit of. business has opened a cus
tomers' room for women. . The motto
seems to be "bring your families and
your sewing," " for 'every day several
youngsters, ranging in age from about
two yeara to six years, are to ba seen
playing near the ticker, around which
their mothers are interested observers
of the prloe movement, or quietly sleep
ing in nearby chairs. Not many of the
present generation can claim to have
been ticked to sleep, in childhood by a
stock quotation ticker. ;
It is quite evident that so long.aa
the future of China la so delicately In
the balance and with the constant en
couragement for complications con
tained in the Turco-Itallan war. the of
ficial banka of Europe,, and probably
not less so the private bankers, will
endeavor to keep their resources well
available and fully fortified. This
means that American bankers will dur
ing the next few months "be called upon
to enter more liberally into foreign op
erations than haa been the case in re
cent years. The loan of the imperial
German government to be distributed
jointly with that of the Prussian State
railway loan xt week, will undoubted
ly, according to- the views of interna
tional bankers here, attract directly or
indirectly a considerable part of the
Berlin loans that New York bankers
made, last December and most of whleb.
will mature next month. t
It is only natural with this big loan
($125,000,000) pending that efforts
should be made to create as favorable
a market as possible for ita reception
in Berlin. Therefore the comparative
ease in Berlin tsjegarded as artificial
Meanwhile Indon is borrowing In New
York on a 4 per cent basis at the time
local funds for 30 days are available
at 2 per cent, which is certainly an
indication of the relative demand for
funds on the continents. Another ex
ample Is contained In the news that the
Anglo-Austrian bank of London
through representatives here Is offering
for- subscription-until January 27 In
clusive any part of the 200,000,000 kro
nen ($40,000,000) 4 per cent Austrian
rentes recently announced. These they
are offering at 90 U for delivery in
March, with coupons due in June and
December
this territory owing to the fact that
tne wneat could De purchased at less
expense, not having to pass through so
many hands.
In an interview In The Journal this
week the local, manager of Mitsui & Co.,
the big Japanese shipping firm, which
has quarters in this city, made the as
sertion that the price of the cereal was
being pushed so high that it would
soon be out of line with conditions in
the Orient. Beyond a certain price the
Oriental buyers go back to the purchase
of rice. In any event wheat prices have
been moved up higher than in Australia
and as Japan can buy etiually as easy
in either market, the chances are that
no additional supplies will be taken
nere tor awmie at least.
Getting patent Flour Trp.
Efforts made by numerous millers to
advance the price of flour have not met
with success generally. The last meet
ing of the Washington Millers' asso
ciation held on Puget sound failed to
come id an agreement regarding the
rise because one strong milling Interest
he ret and likewise having mills in the
north, refused to bring Its quotations
up. This necessitated the leaving of
the prices where they were but the in
dications are that all interests will soon
come to some sort of agreement. The
price of wheat is at present on a basin
where an advance in the price of export
flour is absolutely necessary in order
to allow grinders a profit. - An advance
of 0c a barrel la most likely.'
The price of export flour is already
at such a hlrh basis that it cannot be
moved higher without entirely cutting
out the demand; and this is not what
grinders propose to do If tney can help
it. The Oriental flour business has been
the one really bright spot in the mlllin
business during the past season and for
that reason grinders are taking care that
thev do not kilt the goose that laid the
golden egg. . ' -.-- ' '-
More Movement of Cats.
There was a greater movement of
oats in the local trade during the week
but business waa not very brisk. Hold
ings are smaller than anticipated and
as most of the grain is in rather strong
hands, . prices are being held rather
firm. Owing to the near approach of
tax time, some Washington speculat
ors are- shipping their grain in this di
rection as Oregon has no law that places
a tax upon the cereal. The Kmt is true
as regards Idaho. ' x , '
Barley market was entirely, a nominal
Sffair during the past week. No busi
ness of. importance was closed and
prices are therefore nominally continued
at last week's figures..
Hay. was rather quiet owing to the
mild westher. Only the better grades are
in even fair demand. Offerings of noor
tquallty continue vary; liberal.-;'
CAUSED SALMON HOLDING !
Sales Dnring Week Are Fair With
jC Lenten Demand to Fore.
-- There was a - s-ood : mnvam.nt ' in
canned salmon . during , the week and
prices held intact. The buying was en
tlretv confined to the wants of local
wholesalers for the Lenten season.
m -mere was only a nominal tcatch of
fresh salmon durlnc the . weak and
prices held high, Demand for Columbia
river steelheads.is coming from. nearly
all points in the Paclflo northwest
NOTICE DEPOSITORS
American Bank & Trust Co.
We are making, arrangements to reopen the bank at
an early date
DO NOT ASSIGN YOUR DEPOSITS
; - For Full Particular' Call on
. GEO. L. MacGIBBON
928 Chamber of Commerce Building
Pujs High Pi-ice for . Feed Stock but
i Do NotGct 'mb- Much 'as Previous. 1
: ; year for .Finished Product j, Co'un.
ft try' Supply Is Decreasing.;i-B''f:;'5'
PORTLAND 'LIVESTOCK RUN.
yveeK. nogs, cattle., JLalves. Sheeir.
Feb. 10. . .1841
878
1
2973
283
(726
3412
Feb.,; 3.;. 991
Jan. 27., , 1835
Jan. 20,:. 3680
Jan. 13;.. .1911
.1461
, 2481
1 3138
.-727
. m .
22. 1'
'.' 19 -
2289
v Hy Hynian He Cohen. ' . .
Just where cattle feeders are going to
land this year is a matter, that is
Worrying many interests. Thereatir
number of cattle that were put on feed -
liming ins season was ine means or al
lowing killers to purchase their require-1
ments for less money than during
prevloua yeara, but the . full price ov
dressed -moats haa been charged con
sumera and dealers. v ;.
Those that were compelled ta borrow '
money for the cattle feed this season
ere seemingly in a bad plight unless
there is a great change In the financial
part of the market. Not only are thev
paying liberal interest on the money
borrowed but most of the feeders pur-
cnasea were lagen on at extreme high,
prices early In the season, while fed
stuff brought lower prices than usual.
It seems 'useless to repeat -the fact .
that the total holdings of cattle in th-j
Umted States are fully 2.500,000 head
less than a year ago. While this is
true, there has been more stock put on
feePf-and this has proved a detriment
to prices Instead of being an . aid to
operators. The only ones who have
come out of . the deal "with a whole
skin' have been the killers.-While thejT
nave Deen aoie 10 purcnase well red cat
tle fur less monev . than durlna- tlia
previous year's for tbfe same period, they
are still gettmg top notch values for
aressea Deer.
Cattle movement at North Portland:
Past week , 878
Same period 1911 1344
1810 10:11
1909 rf. ...... 122
1 ana .0
rio7 iiu '
1900 496
1906 263
,WiU Affect the Tuture.
Already, the signs of a decreased
holding of cattle are showing in the live-
block muriiei. iu uaie inis year l.iu
receipts were 10,103 head compared with
11.798 for the same period a year aeo
Lower prices are the rule this year
despite thist showing. Cattle are much
higher at competitive markets than
here, this being especially true of the
Missouri river sections.
North Portland cattle prices:
Select steers - $5.95 (8 6.00
Choice steers $6.866.90
Common steers , 4.75j6.00
Feeder steers . 4.76
Speyed lieifcrs 6.50
Ordinary heifers 6.00
Fancy cows . . .- . 6.00
Ordinary cows 4.25 St 4.60
Poor xowa 8. 60 5?' 3. 75
Fancy light calves. ....... 7.75)8.00
Medium light calves'. 7.00ij7.7V
Kancy duiis .,
Medium bull 4.30
.Ordinary bulls 4.00
stags 4.00
Kor Market Batbsr Firm.
Rather firm Values were shown in the
swine trade at North Portland during
the week. There was a run of 1841
head. Compared with 991 last week and
1911 for this same week a month ago.
There was a much better demand dur
ina the week for Dork products and this
induced killers to offer more for swine
in the livestock trade. The price reached
s.;t ana then neia mere ror several
days. Quite a few loads were moved .
at the extreme figure. n
However, as comparing the price paid
at North Portland with what killers
here have been laying for their Mis
souri river swine, there has been no
lifting of th"Tilscrlmlnatlon against
the homo producer. . On -the basis Of
last- prices at South Omaha it would
cost Pacific northwest packers $7.46 or
a fraction more to land supplies here,
while they aro paying 70c less for hogs
of better quality that are produced iff
the home section. v
While fooling tne proffucer of hog,
the packers are fooling themselves. -The
boosting of prices to an artificial
basis and then beating them down again
at the very first sign of an Increase in
offerings has resulted In a curtailment
of the Industry throughout the countrv
Instead of the great Increases expected. -There
seems to be little doubt of tho '
intention of Pacific' coakt packers to
beat down the price of hogs here to the
value at South Omaha, or even less,
while charging for pork products the
price of hogs at Chicago, plus the
freight and handling expense.
In thia regard the latest report of the
department of agriculture is of much
interest, as It shows the actual decree e '
in the number of hogs on farms of the
United States. :- The report shows a total
of 85,620,000 head January 1, 1813, com
pared with 65,620.000 head for the same
date in 1911. While -thls information
may come aa a surprise to packers, it
has been 'expected by these r who have
witnessed the movement of prices
The .run of hogs at North Portland
shows: . . ' . k .
Paht week , 184 1
Same week, 1911.-. , 45s
Same week, 1910....,....,,.....,, US
Same week, 1969, 237
Same week, 1908. ,t 4)
Same week.
Same week.
1901.
1 aaJ
5'.'8
1 7
Same week. 1905 ....359
...............
At the close of the week the hog mar
ket reflected a very good feeling at
North Portland.
Nominal -North Portland swine prices:
Fancy mixed $6.706."5
Oood heavy , .5
Good light .656.70
Medium light ............... 6.60
Rough"-and heavy.'. ......... 6.26
Poor and heavy. ......'. . . . . . .00
. Sheep Market Xs Oood. ..
Offerings of sheep at North Portland
(Continued on following page.)
- MSMBXSI
HEW TOmX STOCK EXCHAXTOB.
JgEW TOES OOTTOBT EIOHATOB. :
OHIOAOO BOABD Or TBAD1.
XBS STOCK AMD BOHD BXOHAaTOB,
SAN f BAXCIBCO.
Mala Office Mifia Bldg Ran rranctseo.
Branch Of flees Vancouver. Seattle..
Portland, r,os Angeles,., Saa Slego,
i Coroaaao Beach. - . .-.-,. . .
I'Sbiluid orncxi
Boom ,8 Xiumbersiens Bank nntldl&S.
rmnra airviMi iliu, A-exo7.
jCiWILSON&CO.
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