THE 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.