The Oregon daily journal. (Portland, Or.) 1902-1972, July 21, 1912, Image 52

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The Oregon daily journal., July 21, 1912, Page 52, Image 52

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, JULY 21, 1012. NEWS OFTHE WORLD STOCKS BONDS GRAIN PRODUCE THE FARMER'S HOP DREAM 5 Wheat Market Outlook Is Bet ter Than Buyers Generally - AdmitrLess Influence From Other Side Shown. United States Consul at Liver pool Gives Special Report on Fruit Market; Values Are Steadily Increasing. Arbitration Proceedings in En gineers' Dispute Attracts - Attention -of-Financed Pol itics Still Command Study. Decreased Offerings Favorably Affect Price of Hogs and Cattle but Sheep Are Weak er and About 25c Lower. MARKET, I I f V ' jn. L IN LABOR PROBLEM IS IN VALL ST. TRADE 'i 1 1 ' i. """;:.'''. 3E PENDULUM TO BEARISH SIDE ENGLAND IS HEAVY -BUYER OF APPLES Af QTHER FRUITS LIVESTOCK RUN IS . SMALLER IN EVERY UNE DURING WEEK 1 ; By Hjman If. Cohen. - The bearishness tha is felt by some grain interests seems to be more of the desire than any real reason for such a . movement of prices. - While it cannot be said that the pres- ent crop prospect is indicative of any . , hugs Drice for wheat, still there seems . to be ilttie doubt that thu pendulum of. J opinion among grain ouyers lias swung entirely too far over to the bear side. A reaction Is surely due. Those that have given the matter . careful consideration and are free from : bias are generally of the opinion that .prices were beaten down to too low a I basis. There is on no side any evi dence that the market will show ex ; , ,;Hremely high values this season but ,. lievertheless "It "might prove profitable to buyers to go rather slow in their j short selling operations until they see 'th way the market la going to move. . '' - Charters Are Bearish. Perhaps the chief bearish feature of ,th present market for new wheat is (the extreme prices that are being asked I by foreign ship owners for bottoms. " TFrlces" have already touched their hlgh ' est level for many years and even at these figures vessels are very hard to obtain. The foreign ship owners seem jto have thev American producer by ,the throat and have been squeezing him for very penny that could be seeded. 'With charters high and ships -scarce, there is naturally a wall among export '. era that the market must of necessity jBO lower. Were foreign shipments the ! entire control of the trade, matters : might indeed seem black for Pacific , northwest grain growers but the sltu : salon has changed considerably within 1 recent years. Little Wheat to Export. Truth of the matter is that every year it showing a decrease in the volume of , export or grain from the Pacific north west. Notwithstanding the greater crops that have been produced within 'recent years, there is less wheat being -nt abroad. v.-. Growing home consumption Is what Is taking the bulk Of the supplies at this time and each season shows the 'home producer to re more and more a lactor in making the price of the cere al. Last season out of a total crop that was much better than 60.000,000 bushels, , only about 10,000,000 bushols were sen: , abroad. That this is scarcely enougn 10 allow the foreigners to dictate prices hers goes wrthout saying. California is taking more Pacific northwest wheat today than foreign Interests and there is no reason at present to assume that th amount that will go in that direc tion will be anything but larger during the seasons to come. " : The Pacific northwest, too, is grow i ; Jng at a very rapid pace and the demand . from the home territory Is of no small proportion. , . East Hay Save Effect. 1 'While the recent bearish tactics of Some of the eastern trade may have reared some Pacific northwest Interests, there seems to be no douht that the Cereal trade In Chicago during the pant i .week was manipulated solely by the big 1 '. bear.. The presumption Is that they -have sold about all the pot wheat they : ' 3iave and are therefore in need of sup ' flies. The quickest way to get them is . to beat dwn the market and scare pro ducers. Farmers' generally ' sell when - the market is dropping and hold when it 1 advancing. With their stocks depleted, the big eastern Interests must replenish llieir holdings and they realize that only a eevere drop In value will accomplish this. While they are outwardly selling a few lots here and there for uppear SUice sake, they are (juielly - absorbing eeveral timed the volume they ure. sell ing When they get what they consider their needs, then thc- will Jump back ;-' to the bull side and prices will be ... manipulated upward. To some extent the pWce of wheat at - Pacific northwest points this season de- f ends upon what, the east buys. With ortlgh shipments probably ery much Curtailed, owing to the high freight T. rate and scarcity of ships, liberal buy--,lngJy the territory eaat of tha Rockies , "would soon put a bullish appearance up en the trade here. In any event those that are not prej--ltced in their vie"ws are going rather low about. selling before they have xh -strain. POULTRY MARKET IS SLOW Receipts Too Liberal for Weather f --Demand; North Buys Some. - Trading in the poultry market was on a' limited scale during the past week. ' There was a continuance of liberal of " ferings and some acMmuliitiuns were rbown at most times. While purchases tOT Puget sound account were liberal t at low prices at the clu.se of the week. total taking from that source were not heavy. ( EGGS RISE TOO FAST -'! . Advance Is Too Quick an-1 Some Concession Is Made ilere. ' 'Too quick boosting of eg j.rlces bv those that were Importing east.-rn .stuck i , was the main trouble witn the local . egg market during the past week. R -" cetpts'were quite fair and toward tiie ' ' closing some concession In price was s .'made In order to unload more promptly. i - BUTTER ADVANCE IS SUA III Several Cents Added to Price; Make Good lvr Period, of Vciir. -There was a verv snar;' ndvancp in 'the price of butter l,vnl;y during the week. While the make Is decreased it ' 4 till rnore libera! than csunl fora'his tine Of the year. The market was F"cd at the advance. POTATOES DROP Ql'K'KLV r Offerings Are Very Liberal; Quality ',- Not (jJood for Shipping, i Potato market prices dropped miklv In the Portland trade dunng t li j ;i:--t week. Offerings of local ftnrk ir very heavy. Quality hs nnod r,,r humo uee, but is not fit for shipping. For that reason a eurphis i shown Wmhlntton Porfn of Tb-iournaLi Washington, July 10. Notwlthstand ing the Import tax on fruits, the Eng lish market absorbed foreign fruits in 1911 to the value of about $70,opo,000. In response to Inquiries the United States consul at Liverpool. Horace Lee Washington, has Just filed a report on England as a market for American fruit. He reports: "A general Impression appears to exist among the trade in dried fruit that the prospects for this year are not very encouraging, owing partially to tradd depression caused by the strikes at th commencement of the year, and further, to the lateness In delivery of last year's crop which, Instead of arriving before Christmas, was delayed, and It's arrival rrr 1h party part of the year, r after the close of the holiday season, reduced the Rales, with the consequence that there Is still a good supply of the old fruit crop on the market. This particularly ap plies to the supply of prunes. "Plums or prunes are the particular articles In the dried fruit line imported from the United States, and If the re port which la now current In the local market that the French crop is small this year proves correct, there Is pros pect of a good demand In these lines. 'The demand for apricots each year Is fairly good and steady, whereas tne same could not be said for pears and peaches, which is limited and uncertain. "The demand for California raisins depends upon the reports of the Smyrna crop. The shortage in the Smyrna crop In the past two years has created a good demand for California raisins In Liver pool, and the current market forecast is that this year's crop will be light, but it Is rather early as yet to make a prediction with any certainty. "It should be mentioned that the United Kingdom has an Import duty on dried fruits, the tariff provision being as follows: " 'Frultvdried, or otherwise preserved without sugar: Figs and fig cake, plums, commonly called French plums, and prunelloes, pluma,. dried or pro served, not otherwise described, prunes and raisins, 7s ($1.70) per hundred weight. Plums Include green gages, damsons, mirabelles, and dried, crystal lized, or glace apricots. Tinned of bot tled apricots In syrup or water, and apricot pulp are not liable to duty as preserved plums, but when sugar Is present, as In the case of syrup thev are chargeable under the heading of sugar.' "The estimated present prices of dried fruits per hundredweight (112 poundtO arc an follows: Apples evaporated rings (prime), $9.48 to $'.).T3; apricots. Royal, cnolce, $11.73; extra choice, $12.04, fancy. $13.14; apricots, Moor park choice. $12.!)B; extra choice, $13. 26; fancy, $14.35; pears (halves), choice, "$10. 5R; extra choice. $11.43; fancy, $12.89; peaches, Crawfnrds, choice, $S.5i; extra choice, $9.24; fancy) $10. Ki Plums, Santa Clara, 0-4, $11.19; 40-60. $9.85; f.O-60, $9; 60-70, $S.27; 70-80, $7.78; 80-90 $7.17; 90-lfti). $8.68. The average price of raisins would be about 98.61 to $9.73 pjr hun dredweight. "Raw apples were Imported Into the United Kingdom for the four months ending April 30 1910, to an average value of $3,582,824; for the correspond ing four months of 1911, $2,727,627; and for the same montns in 1912 $4,1 78,771. It will be seen that there nan been a very decided Increase In the importation of raw apples in 1312 as compared with the two preceding years. The increase Is attributable In part to the absence of the normal rainfall in 1912. "The wholesale prices for apples In London on June 6, 1912, were as fol lows : ' Nova Scot Ian. per barrel (112 pounds): Starks tcooking apples), $4.26; cookers, $3.16; Rlbstons. selected, J.7t; Ribstons, fine dessert. $3.04; Blenheims, selected $3 28; Blenheims, extras, $3 89; Kings,' choice, $4.01. "Wenatchees (In boxes of about 40 pounds net): King fiavls, very hand some, $3.04 ;. Jonathan, choice red, Jonathan, extras, $3.52; Winter Banana, choice, 3.8!i. "California Ncwtnwns (in boxes of about 40 pounds not I : Fine, $2 55; choice, $2.79. "American Baldwins, per barrel (112 pounds), finest, $4 .'in- fine, $3 77; good, $3.52; ordinary. $30.4. .."While It. Is Impossible to forecast)) prices, it may ne generally staled that during the last three -or four years there has been In England a movement up ward. American appb-s carefully se lected and well packed are practically always In demand tn the United King dom. "The principal British manufactur ers of cider advertise their prnduct very extensively and there 1b a large i"an lity consumed in the United Kingdom." CHEESE SITUATION' STRONG While Short Si llers Are Rearish Of ferings Are Cleaned I'p. Situation In the cheese market was strong d irlnij the past week. While 11 Is true that local Interests allied with eastern packers as well as Puget sound parth'H uero bearish in their views In an effort to depress prices, California, eastern Washington and Idaho continued as buyers. This took care of whatever stock there was to offer. The report Is, current that a number of the big cheese sellers at tidewater points have sold heavily short at low prices. HOP TRADE OX GOOD BASIS I-'orciRti Shorts Show More Anxiety to Cover; .Want All Stocks. If anyonii had any doubt of the MrenKth of the bop market some time aKo, such douht has been dispelled by !h tallies ,,f iho chief of the bear fo'-ccs .luring the past week. Every effort Is being made by foreign shorts to scene contracts us well as gobble vup nia;n::,g s .cks of 1912s. Supplies of t!c- latter are now nominal. WOOL ni.INO PICKED IT Grain Shows Quality and Quantity HH Pacific Northwest Crop Is Record Oregon .... Washington Idaho Totals . 1912. .24,500,000 .38.200,000 .11.300.000 Wheat- 1911. 1,750.000 37,000,000 13,000,000 NORTHWEST GRAIN CROPS. -BUSHELS- Barley 1912 1011. 4.500,000 S, 000,000 7,800,000 ' 6,100,000 2,500,000 2,250,000 .74.000,00) I,V60,000 14.800,000 11,350,000 1912. 13.000,000 10.000 000 7,000,000 30,000,000 -Oats- -BUSHELS- 1911. 12,000,000 9,000,000 7,o00,000 28,500000 1912. 275,000. 153i,0OO 81,000 609.000 111, 227,000 123,000 80,000 430,000 By Hyman n. Cohen. Nature has been especially kind to Oregon grain growers during the season, coming to a close. The larger per cent of the acreage planted In the state is on soil that receives very Mtle moisture as a rule and therefore the average crops are not In keeping With those of the best known districts or the J acme northwest. It is the light land sections that aro destined to place the Oregon farmer on easy street this season for not only will he have the best crop he ever produced, but will In most instances have about hs heavy one as In the sec tions that always make a good show ing. The vcar has been a light land affair entirely. While It Is true ' that the showing at the start was not overbright Owing to the lack of sufficient moisture before the turn of the' year, tdnce thf n the precipitation has been constant and liberal, giving a total that was far be yond that of any previous year. What makes the story of this year's grain crop in Oregon especially interest ing is the fact that the acreage Is far beyond that of any previous year. This together with the best average snowing ner acre was sufficient to Insure the state a total wiieat output of 24.500 00o bushels compared with fractionally less than 17,000,000 rms.hls a year ago. General Condition Best. TakhiK the Pacific northwest ns n wbolo (he wheat cron of 1912 wa a big surprise, both as regards the total production and the average per acre. While some deplore the loss of some 5 to 10 bushels per acre In some of the light land sections or wasmngton ow Iiik to the hot winds ft) June, there has never been a year when a perfect crop whs harvested. Taking the general average, and even the best of them, there is not the slightest cause of complaint of this year's hnrvest to date. It will bo noted that (Injnauro by not winds this season were In thrm? sec tions tba.t ai more or less troubled tilth this destroyer .every ..year. There fore the expected has happened and should cause no surprise from that quar ter. Wheat ns a rulo has better color and more weight than ever before. The average crop has been better than at anv time during the last few seasons. While some individual yields have been better In former seasons, tho general run has never ben so good ns In 191 J. Ouallfv bas kent race with quantity 1n this respect for many of the Initial returns were better than 60 pounds average. Only In the sections where the rava of the sun were too warm and the grain shriveled in consequence did the weight fall below.,69 pounds. Idaho Is TJnfoYtunate. Idaho was the onlv unfortunate state In tho I'acific northwest group this sea son. Weather conditions uiere, were such that a sharp , decrease was roreeil In the acreage as compared with last season. This decrease Is unusually ser ious aiid cut down the total yield of that state to a figure that was almost 2,000,000 bushels less than 1911. This decrease in the total was made In the face of n( better output per acre than was noterrva year ago, or in fact any recent yea. Reports of the Crops. The following special reports of thi various crops were received during the past week: OREGON. Ilarrlsburg. Or. May balers aro get ting into nctlon. Willis Meeks has been out with bla machine since Monday. Al len Chastine, Goodwin & Stephens arc ready,' and numerous machines for home use are being rigged upfor action. Moro, Or. -Wheat Is making a re markably good average yield around Wasco thlB Season as compared with the past few years. The O. C. Frledly farm, east of Wasco, Is going 12 sacks to tho ticre; the Arnold Bnhman farm, on the north, Is threshing 16 sacks; the Her bert Root farm, on the west, runs be tween 13 ',4 and 16 sacks; George Hllde brand, on the "south, threshed 800 sacks off 60 acr&s. Gervals, Or Bo far this season over 150100 pounds of loganberries have been shipped from this station. S. II. Brown Is the largest shipper from this point and Bays the berries are holding out well. Cottagn Grove, Or The yield of hay tbfs yeur is unusually heavy on account of continued moisture, but In some rases this has worked against tho quality of early hay by preventing cutting at the psychological , moment. Grasses of the clover family are the main sufferers from the excessive rains. the remaining 127 crates he realized a total of $454 gross. He paid $113 for picking and $49.72 for crates, a total of $12.62. This deducted leaves net 're turns of $291.28 for his pastime, or a little better than $150 an acre. Grants Tass, Or. The hay alfalfa and the apple crops are most satisfactory in Josephine county. It may be that It will be necessary to Import a small amount of hay for next winter, but It wlil be more than 75 per cent less than Is was a year ago. Salem, Or There has been a large Increase In the acreage of logknberry vines In this part of the state, and tln Indications are that the crop of berries will be more than double the size of any previous year... Burns, Or. Almost every field In tTils vicinity shows excellent prospects for an exceptional crop. The fruit trees are especially full and growers expect the finest display of fruit at the fair this fall they have yet had. Shanlko. O.r. Judge Bennett haa about 1000 acres of wheat north of town which, good Judges estimate, will produce close to 40 bushels of No. 1 wheat per acre. Sheridan, Or. Hop crop prospects are as good this year hut the price Is an iudetermlnato quantity as yet. Echo, Or. -Harvest Is now in full blast. A few combines started up last week, white practically ail machines In this suction will be working early and late by the end. of the week.. .. The crops .ure the best that have been realized In many years. Sheridan, Or. The wheat harvest will be on thi.s week and the prospect is good for more than an average yield. In most fields the stalks are thick, of good heights and the heads well filled. Oats are ripening rapidly and some fields will be ready to cut, next week. Baker, Or. Grain harvesting has lust begun in the fields around Banks. Tho wheat generally looks fine, hasn't looked better for years, and the yield Is expect ed to be heavy. It Is different with oats they are not so good. Weston, Or. L. H. Van Winkle, of Weston Mountain, has finished market ing a good strawberry' crop. He had 238 crates this year from an acre and two-third of berries. Eleven crates were picked by neighbors for their own use, and wero sold tn them at a nominal .fig ure not counted in the returns. Prom Canyon City Or. A blight has been developed in the orchards of tho coun ty that is assuming proportions that are alarming. It appeared first about three yoars ago. No efforts were made to stop It and now many orchards are bad ly affected, and It Is predicted by those familiar with the situation that It Is but a matter of a wbort Ime when manv of tho trees will have to be cut drfwh and destroyed. Nehalem, Or. Hay making Is in full swing now. Every farmer has his mow ing machine In action cutting grass. A much heavier crop is In, evidence every where this year thnn was tho case last season from, all accounts. Faisley, Or The ranchers and farm ers are getting Into their haying and early harvesting, Tha prospects for good crops are good. Klamath, Falls, Or. For the first time in the history of the countv, frnit will be an Important factor in estimat ing the wealth of the crop of thl.s re gion. Reports from different parts of the county Indicate that the most op timistic expectations of the pioneers In this line of endeavor will be realized arid a bumper crop harvested this year Woodburn, Or. Hay cutting Is at Its height this week and If another rain should occur it would be the means of cutting this year's crop of hay short. Eugene, Or Hop growers are rejoice,! at the recent spell of warm, dry weather which Is driving away the aphis, or lice, and the early hops are now form ing on the vines nicely. Palmer Ayers (Continuod on Following Page.) PORTLAND WHOLESALE PRICES TAHSFORTATIOir. rnns ray iinf ' STBA.EISH1P BSEAXWATSS. j 1 Call from Ainsworth dock. Portland 9 ! 1 ft. in., July 2, , 14, 19, 24, 29. August 3, I , Jg, , Z3, 8. reignt received at Ainsworth dock dally up to 6 p m. . Passenger fare first class $10. second (last $7, including berth and meals. -Ticket office Ainsworth dock. Phones .Main ttOO. A-2332. Ajireles ala Ban Diego Steamships TAtB HAEVABD lUil road or any ship to Ran Francisco the Exposition City. Largest, fastest and the ONLY strictly first class pas unger chip on the Coast; average speed tl tnll per hour, cost $2,000,000 each. . -.PWJCrB5,l,?0. Jrtlao4 . X0i AngelM S S. Co., . lT-ANR BOLLA ML Agent , UlSn li MS 3RD BTBllET. A-459 ' f:::!'ff n Sales An- tit Kxtrenie High Mark, Al though Little Is Offering. Wh.ie there Is no doubt that only a few million pounds of wool remain unsuld in the hands of Oregon produc ers, the market continues to reflect m ,ch strength. Purchases are still be lng made nt the former high marks alihi-cigh takings am very limited ow inir to the scant holdings that are avail able. - KATHl K AM KCTING MEATS Owing to the hot weather and the difficulty in making shipments from the country at this time, the Front street market was rather bain of first class offerings during the past week. For bvth cour.tiv' killed veal and hogs the puce remains high. FRl'IT TK.YDF, IS EXCELLENT An excellent tone was shown In the rniit trade along Front street during the past week. Owing to the congestion Of. traUic along the KoiKhmi Paelftf; shipments from the sooth did not ar rive &( f,eev nii lhls ade(, (h move. ment of local fruit. ' Orals, Flour and Bay. These prices are those at which wholesalers sell to retailers, except as otherwise stated; WHEAT New Crop Producers' prices, nominal track delivery, club. 80c; l.luestem, S3c; red Russian, 78c; Wil lamette valley, 80c. BARLEY Producers' prices 1911 . Feed, $35.00; rolled, $36.00: brewing $39.00 40.00; 1912 crop, August deliv ery. $25 ton. MII.LSTCFFR Selling price Bran. $25.00: middlings. $32.00; shorts, $27.60. OATS Producers' price Nominal Track No. 1, spot delivery, white, $35; grav, $34: new crop, $20. FLOUR Selling price Patent, $6.10; Willamette, $5.10; local straight, $4.50; bakers,. $4.90 U 5.10; export grades, new crop, $3.603.7O. HAY Producers' price 1911 crop Vslley timothv, fanev, $J4.60(fJ15. 00; or dinary, II 3,00 1 4 00; eastern Oregon, $16.00(9)17.00: Idaho, $16.00tg17.00; mixed, $13.0014 00; clover, $9.00 10.00: wheat, $11.00fn 60: cheat $11.00 )11. 50; slfalfa, $12.6013.00; oats, $11.00fffll.60. Butter, Tggw and Poultry. BUTTER Nominal; extra creamery, cubes and tubs, 30c; prints, 81c; dairy, 23c. EGGS Candled extras, 24c; spot buying price, loss off. 21 22c f. o. b. Portlftid. LIVE POULTRY Live hens, 11 11 He lb.; springs, 16c; geese, 910c; spring ducks, 14c; old ducks, 12c; turkeys, 16017c; dressed. 2025c; pigeons, old, $1; young, $2.002.60 per dozen. BUTTER FAT Producers' price, f. o. b. Portland, per. lb.. 2S'4c. CHEESE Nominal; fresh Orogon fancy, full cream, triplets nnd daisies, 1817o ; Young Amrtrlcs. 19Hc Frnltf and Vegetables. POTATOHS-" Helling rrter Extra choice, $110; choice, $1; ordinary, 75c per' cental; sweets, 3c lb. ONIONS New Cochella, fl.351.50 per crate; new reds, $1.25 per cental; new, yellow, $1.00 1.10 per cental: gar lic, 7H 8c. VEGETABLES N-ew turnips, 10c per rtoz. ; new beets, 40o dor.; carrots, 30 36c doz ; cabbage, $1.26; tomatoes, California, $1.25rfJ1.75 per box; beans, 2c per pound; green onions, 10c dozen bunches; peppers, oeU, 10c lb.: head lettuce, 10c dozen: hothouse, $1 box; radishes, 10c per dozen bunches; celery, $1.25 dozen; egg plant. 25c per lb.: peas. 6W7C lb.: cauliflower $1.250 1.50 per doz.; asparagus, ( ) per doz. bunches; AValla Walla, ( ) box; spinach, 26c sack. FRESH FRUITS Oranges, $3.60; bananas, 45c lb.; lemons, $5.00 "i 6 50; limes $1 per hundred; grape fruit, $ 2 . 7 6 (&. 5 ; pineapples, 6c lb.; apri cots, $1.25 crate; cherries, 310c per lb.; peaches, 60 7 5c per box; cantaloupes, $2.50fi) 2.76 per crate; watermelons, 1 l-v4o per lb. BERRIES Raspberries, $1, 50(3)1.75; currants. $1.65(15)1.75; loganberries, $1.50 2 1.75 : blnckcnpsj $1.75. Meats, Fish and Provisions. DRLSSED MEATS Country killed: Hogs, fancy, 1010Hc; ordinary 10c; heavy 9c; fancy veaL 1313V2c; ordinary, 12c; poor, 8010c; lambs, 10 G 11c; mutton, 7018c; goats, 2ic; beef, 7 1i 10c. HAMS. BACON. ETC. Hams 17V.c; breakfast bacon, 14Vi24&c; boiled ham, 26c; picnics, HVic; cottage, 16c. MEATS Packing house Steer No. 1 stock. 12c; cows, No. 1 stock', llQ lltyc; ewes. 10c; wethers, 11c; lambs, 13 He; pork loins, 18a Hops, Wool and Hides. HOPS Producers' pric- 1911 crop, 26W28c; 1912 contracts, nominal, 20H 2lc MOHAIR 1912, 32o lb WOOL Wlllarnette xalley, coarse Cotswold, 1920c lb.; medium Bhrop Bhlre. 31er choice' fancy lots. 22c 'tier lb.; easterh Oregon, ii20c. according to CHITTIM OR CASCARA BARK 1912 nominal, carlots Sc, less car!ot 6c lb.; 1911 bark, carlots, 6c; less car lots, fic lb. HIDES Dry hides. 20W21c: green 9H?i10c; salted hides 10V4llc; bulls! green salt, 77Hc; kips, 12c; calves, dry, 2424Hc; calf skins, salted or green, 1720c; green hides, 11ac less than salted; sheep pelts. Bid tea. $1; dry 12r(iil2c lb. TALLOW Prime, per lb 6V4c; No. 3 and grease, 2(2 kc. FISH Nominal Rock cod. 10c lb.; flounders, 6c;;nallDut. 6qisc; striped bass, 20c; catfish, 1212V4c; salmon. ,13c lb.; soles. 7c per lb.; shrimps, 12V4jO lb.; perch, 738c; tomcod, 8c; lobsters, 25c; herrings, 66c: black bass 20o; sturgeon '( ) per It).; silver smelt, 8o lb.; black cod, 7c; dressed shad, 8c; roe shad, 10c; shad roe, 20o lb.; Colum bia smelt ( ) per box. -, OYSTERS Shoal water bay. per gal lon ( ); per 100 lb sack. ( j; Olym pla, per gallon, $3; per 100 lb. sack. f9; canned eastern, 66o can; $6.60 dozen; eastern In shell, $1.752.00 per 100; ra zor clams. $2(jj) 2.26 box. LARD Tierces, 18V4o lb.; compound, tierces, 94c per lb. Groceries. RICE Japan style. No. 1. 6',4ift5c; No. 2. 4 He; New Orleans head 6 (3 7c; Creole, 5ic. . n- . SUGAR Cube, $6.35; powdered, $6.05; fruit or berry. $6.95; beet, $6.76; dry granulated, $a.95; I) yellow, $5.16; Hon olulu plantation cane eranulated 6o less. (Above quotations are 3i davs net cash.) SALT- Coarse, half grounds 100g $8.60 per ton, 60s, $9.00; table dairy, 60s, $18; 100s $17: bales, $2.2d; extra fine barrels, 2s. 6s and 10s, $4.0C$5.00; lump rock. $20.60 per ton. BEANS Small white, $5.60; l.rae white, $5.25; pink, $3.75; bayou, $4.2j; Llmas, $6.75; reds. $4.75. HONEY New. $2.75 per case. -. ;r.?.lt. , Coal oil.. st. ... LTNSEU.O OIL haw, bbla.. 88s gal.; Kettle boiled, in cases, 96c; gal. lota of 260 gallons, lo less; oil cake meal, fit per ton. ' By Ben B. Bryan. . iNew.York. July 20. Th arbitration proceedings In connection with engi neers' lines la commanding wide atten tion owing to the Outcome ot the same in its future wellfare of carriers. It is the foregoing taken In connection with the rather unsatisfactory Investment conditions which have prevailed for some time and which are still In evi dence, not only here, but also In Lon don and on the continent that has caused a feeling of apathy If not con cern and hesitancy on the part of many of those to whom we generally refer as substantial and executive In business. Then, too, the political aspect has been and Is still colored with a com plex of views hardly of a nature to stimulate In the minds of our capital ists a desire to undertake new com mitments on an extensive scale. This has been true principally so far as it embraces anything of a nature which Is allied directly or Indirectly with the tariff problem, but matters In that re spect have been somewhat clarified "by the attitude of favoring a tariff com mission credited to the candidate- of one oj: our prominent political parties, tar iff revision does not appear to be feared until the same Is to be conducted un officially and without regard to the general wellfare and until It Is defi nitely ascertained that sanity Is to be the order of things it is not .improbable that conservatism will be the watch word of prominent factors. The stock market has enjoyed a rather substantial rally as a result of short covering and scattered outside buying prodlcted on the satisfactory agricul tural outlook, but whether the upturn will be sustained depends in a great part on the outcome of that to which we have referred above and also inter national politics and monetary condi tions. Range of prices, furnished by Over beck & Cooke Co.: Description. IQpen.lHlgh. Amal. Cop. Co. Arh. Car & F., c. Am. Can, c Am. Can, pfd. . . . Am. Cot. Oil. c. . Am. Loco., c. . . ., Am. Sugar, c. . . . Am. Smelt., c . . . Am. fcmelL. pfd.. Ana. Min.. Co Am. WooL. : Atchison, c Atchison, pfd. .. . B. A Ohio, c Beet SuK.ar brook. R. T Can. Pac, c Cen. Leath., c. . . Cen. Leatli., pfd. Chi. & Gt. XV c. Chi. Qt. XV., pfd, C. M. & St. P Chi. & Nwn.. . . . Chesa. & Ohio. . . Colo. F. & 1.. c. . Colo. So., c do second pfd. do first pfd. . . Cons, Gas ...... Corn Prod., c. . . .- do pfd Dela. & Hud. ... Den. & Rio O., c. do pfd Erie, c do second pfd. do first pfd... (Jen, Elec. ...... Gt. No., ore lands Ot. No., pfd Ice Securities 111. Central Inter. Harv Inter. Metrop., c. do pfd Lehigh Valley . . K. C. Southern . . Louis. & Nash... Mex. Nat'l, sec. M. S. P. S. S. M. . M. K. & T., c...; do pfd Mlssorul Pacific National Lead . . . Nevada Cons . . . . N. Y. Central. . . N. Y. Out. & W.. Norf. & XV., c. . . North, AuiQ.rlcan. Noi l hern Pac, c. Pacific U. S. Co. I'enn, Ry . . . r. C. L. &C. Co. Pressed S. C, c. do pfd Reading, c do 2d pfd do 1st pfd. . . . Rep. I. & S., C. . . drv pfd RocR Island, c. . do. pfd, S. L. & S. XV., c. do. pfd S. P., c South. Ry., c. do. pfd Tex. & Pac. T.. P. L. & W.. c. U. p., c U. S. Rub., c. .. U. B. Steel Co., c I'tah Cop Va. Chem Wabash, c. W. U. Tel West. Elec Wis. Cent., c. . . . Wheel. L Erie . Total sales, 82, 84 HI 84 36 U I 36 116 Vjll69i 6Z7 43H 128to 83 52 43to 83 41to 41to 108108 109'A;109TS 92 222 27K 'mi ioito 66" 145 82 19" 35 63 180 Low.jpiose 83 116 62 43to 128 V 83 92' 266 27 U "iivi i03 '80 '65" 145 -82" 'is" 35 68 180 137H37 131 131 120 121 69" 59 168 168 158 27 "3S 5') 2H 116 116 i:2 ' 123 116 166 43 110 29 77 169 63 70 62 "4" 82 76 158 27 36 69 20 116 32 116 123 116 166 27 49 110 29- 77 169 63 70 62 " 82 76 300 shares. 41 108 i09 91 83 58 36 116 62 42 128 83 107 41 26 108 102 109 73 81 :66266 27 17- 103 80 66 145 82 i9 35i 53 179 137 i 3 i ' 12,0 68 167 169 27 '36 ' 59 2" 116 27 94 17 33 103 138 80 31 39 65 72 145 15 82 167 19 35 35 42 63 179 42 137 26 131 120 2u 6S 167 24 157 31 146 27 69 36 69 20 115 116 116 SI uito'121 61 123 116 5 165 48, 110 29 77 168 63 70 62 "4" 82 76 123 116 25 1 0 1 165 95 89 27 84 24 48, 32 73 110 29 77 22. 13 " m 62 70 62 49 S2 76 62 6 BOSTON WOOL TRADE IS HOLDING STRENGTH (Special tft The JonrnoH Boston, Mass., July 20. Aggregate sales In the local wool market the past week have been smaller than for the previous week but leading members of the trade estimate that they have run well up to 5,000,000 pounds. The falling off is due to the smaller number of "approval" lots of territory wool and the difficulty dealers have found in getting their wools forwarded from the west. No weakening in values is noted. Terrltorv wools of all grades are held flrmlv while fleeces have actually ad vanced, especially the grades most in demand. Tho continued firmness in London has been a powerful factor 1n maintaining prices here, while the encouraging goods situation has also been helpful. Money and Exchange. London. July 20. Consols, 7 5-16; silver, 27 ; bank rate, 3 per cent. New York, July 20. Sterling ex change, long. 4.85 ; Sterling exchange, short, 4.88; silver bullion, 60to. San Francisco. July 20. Sterling ex change, 60 days, 4.84; Sterling exchange, sight, 4.87; Sterling exchange. Doc, 4.83; transfers telegraph 5 premium, sight 2 premium. Sim Francisco Grain Calls. San Francisco, July 20. Grain calls: WHEAT. . Open High. lm,- Close. North Dec. . .135 B 138 A BARLEY. December ..133 1334 182 132 May .,,.tf..m 137 137 137 Week Hogs. Cattle. Calves, Sheep. July 20 ... 965 1782 14. 6881 July 13 ... 2147 1771 97 7003 July 6 ... 1568 , 648 ," 85 7368 June 29 ... 1700 ' 1029 83 ,6139 June 23 ... 1405' 1955 91 4193 July 22,. 'IV 1378 217T 817 8198 . By Hyman 1L Cohen. - Decreased supplies were shown in all lines of livestock during tho week. Nat urally this had an effect upon the price for even tha big Interests are not strong enough to keep the price In check when ever there Is a notabls loss In. offerings. Strength In the cattle division was the result of the inability of the trade hers to get Its requirements from ho home territory With Importations of cattle absolutely necessary from the outside sections, local killers can no longer be masters of the price. They must of necessity offer as good. If not a better, price than the killers of that section or else supplies will remain at home." This Is the big condition In the trade at the present time. There seems no doubt that local killers have modified their former bearish views regarding the price of cattle and have discovered the handwriting on the wall. Jon rail Forecasts Confirmed, Forecasts made. In these columns of The Journal during recent months have been fully confirmed by the present range and demand for cattle. Prices are Jiigher today than ever known at this time of the year and so far at killers are concerned there Is no relief in sight. With, the home, ranges almost bare of cattle and forced Importation of feeders at high prices from the south west, It will take many years even at the best to restock the ranges and feed ers are inclined to go slow with their restocking until they see whether they are going to come out of the game whole or In pieces. There was a total run of 1732 cattle during the. week "compared "with 1771 last week. 1955 a month ago.and 2177 a year ago for this same week. The decrease In the marketing of cattle at North Port land within "the space of a year's time reflects accurately the shortage of total holdings. North Portland cattle prices: Heavy fed steers I 6.90 Choice steers BS'SH.SO Commoa steers .. 5.50s.2j Fancy cows 6.00 6.20 Ordinary cows 6.50 6.00 Heavy light cows 5.50 Heavy calves 4.104;iO Medium light calves 8.00 Hest bulls 6.O0W8.OO Ordinary bulls 4.00Q'4.60 Swine TTads Is High. Extremely sharp cut in the marketing of swine at North Portland nan re Bponnlble for some very high prlcs in th? hog pens during the week. Total offerings wero but 966 head compared with 2147 last week, 140B a month ago and 1373 head for this sable week a year ago. An Investigation of swine st Pacific northwest points during the past two weeks shows that the industry has not shown the growth expected. Hogs are less plentiful In the country than gener ally believed although quite a few nw Interests have entered the field. Hog market prices east of the Rockies are very firm with some advance at South Omaha. However, the price at North Portland continues to leaTd the rest of the country. General hog range: Select light 8 8.35 Select heavy 8.00 ft 8.25 Medium light 7.758.00 Medium heavy 7.50W7.85 Poor light 6.00W6.50 Rough heavy 5.00 6.25 Mutton Market Has Reaction. A reaction waa phown in the mutton market at North Portland during the week. While rjerensed offerings were noted. Uk movement continues very heavy Totals for the week were 583' head compared with 7003 last week, 4192 a month a k nod SI ! 8 head for this same week a year ago. Tim price In general was down nbo 25c for the week at North Portland mit clue where trade continues of good char acter. -General -sheep rangsi Select spring lambs . . ,5.255,60 Poor spring lambs 4.005? j60 Ordinary spring lambs 5.00 Yearlings 4 004. ro Old wethers 4.00(it,4.BO Fancy ewes 2. 50 iff! S.Ofl Ordinary ewes 2tiTQ'3.00 Monday's Livestock Sales. HOG a Ave. Weight. Price. 4 hogs 2?5 J7.50 75 hogs 174 8.35. EWES. 273 ewes 95 $3.75 272 ewes 96 3.75 89 ewes 94 3.75 WETHERS. 260 wethers ' 94 84.50 280 wethers 04 4. 50 17!) wethers 103 4.30 46 wethers 79 4.25 COWS. 21 cows 1037 $5.5 BULLS. 1 bull 1110 14,60 STEERS. 6 steers 930 $6.55 1 steer 1000 6.00 4 steers I860 6.00 23 steers .' 1218 7.00 3 4 steers 1225 7.00 Tuesday's Livestock Sales. HOGS. Avg. Wgt. Price. 79 hogs 202 $8.40 2 hogs 650 7.00 - STEERS. 26 steers 12R0 $6.00 26 steers 12B0 5.80 (Continued on Following Page.) J.C WILSON & CO. MEMBERS NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE CHICAGO BOARD OF TRADE THE STOCK AND BOND EXCHANGE SAN FRANCISCO PORTLAND OFFICE Room S, Lumbermen Bank BIdg. Phones Marshall 4120, A-4127 Registered Duroe Jersey Hogs The kind that 90 per cent of the Nebraska farmers raise. Bred sows, . young stock, both sexgs; boars for immediate service al ways on hand. Write -UB.yQur-want6, - BROWNDALE FARMS, INC. North Portland, Or.