THE OREGON SUNDAY JOURNAL, POUT LAND, SUNDAY I.IORNING, MAY IS, VAt
ER APPLE GRADES PLANNED FORTHE PACIFIC NORTHWEST
(I)
MCKS OFTHEWHEAT
TRADE SHOWN TOWARD
HOW SOON WILL HISTORY REPEAT ITSELF!
E
CATTLE MARKET HAS
READ V "fOR'a" FAL.C I
VM.U THAT GOES Uf
MUST.COMK DOWN I
THE- SEASON'S CLOSE
FOR THE NORTHWEST
Now Full Demonstrated That Last
Northwestern Fruit Exchange and
More Car Is Necessary In the Pro
Week Starta With IUghoat Wee
Season's Crop ' was Much Ovcrea-
Affiliated Organization,, Give New
duction aa Well as Shipment of
; Ever raid West of Rocklefj Slight
Reaction Later Jn bfcre Adjust.
. timated and Growers Are Chief
Itulos for Fruit; Are Much More
Supplies to Market Means. Much
: Sufferers.'. ' :
Strict Than Old Regulations. (
to Farmer.
' ment of Values; Hogs Slump, 7
APPLE GRAD
S FOR THE
BETTER AND INCREASE
IN EGG SUPPLY IS AIM
OF POULTRY INTERESTS
ClfA ,
SEASON
ARE
A00PTEO
STRONG
UD
v .ill.- n
PORTLAND
By Hyman II. Cohen;
t Last prices beln named in the local
5 Wheat market for supplies art the last
' confirmation of the forecasts made by
this nin.r laKt Jnlv while the harvest
ti still In progress, that wheat prices
would rule too late at the start of the
' season and much higher values were
'.justified, , ... ...
i While It Is true that all interests lat
!' er followed the forecasts, still there
was a determined fight on the part of
come of the leading buyer to keep the
' price down to the minimum for as long
a period as possible. There wan not the
lightest excuse for the low prices that
ruled . in the Paclflo northwest at the
.start of the season, but as Is usually
. the rule. mnv or the growers were un-
r V . - I J .1 1 ....nllaa 411 itAHflL
' tlnm mil lha nrir wera reeulated.
More and more it lias become appar
ent to the trade in general mac tne iasi
year's crop figure's of the government
were far out -of line. There are many
who nersist in following thera. however,
. Karaun nf thcr "official" standing.
and tabulated by humans Just like the
mm itii.lv to he in error, has not occurred
. to manr. neiiance uuun un ui..i'
Tiff urea nan maaa ma iubi urnnuu a ci j
. unprofitable on to many grain growers
or tne f acinc nortnwesi ana a. iwj
r. rercentage of dealers was caught under
the belief that there was really more
Wheat than had actually been grown.
, There is avery Indication of a very
avi-Ystt sao SAtt fnr whnnt nrirei durlns
the coining year's production. Even as
early as this it Is apparent that the
comlncrop througnout tne wona win
be as heavily overestimated as during
the last season, which perhaps will call
for. low prices at the start and better
ones later. .
It is not apparent to some of these
; Interests that there never was a world's
. , crop of wheat that was perfect. Some
one district might have an abnormal
production out tne time nas noi yei ar
rived when all sections will come out
with a bumper. It la the rule of many
i of the bearish Interests to forecast
' these "bumper" crops early in the grow.
Jng season as an influence in bringing
down me price ooin 01 mo
ana ior tne iuiure. . uin t jui
RS tnucn DUtlinn iniuuiiaiiuu wan bci
s.out-from middle west sections by so
v called crop experts, as is shown this
year, liter 1t was found that the crop
was not-withln sight of the forecasts
"made by these Interests but It had the
, effect or demoralizing vaiues.
During the last week there was a
trade although extreme strength was
' shown in values, wriest prices con
tinue to hug the top ana wnne it is
true tnat eomo ui uio uujcio in nui
quoting the extreme values, still It has
been found impossible to purchase the
supplies 4intil the prices were met.
Those that want the wheat are being
forced to shove up their quotations and
there seems to be jio use in arguing
with one who does not need the offer
ings. Coarse grains were fully as firm as
wheat; in fact, the oats situation is
even stronger. A fair amount of busl-;
liess developed curing tne ween ana a
greater amount couia nave oeen piaceu
were holders- willing to offer it more
freely. The same was true of the
strength of the barley trade. Stocks
on hand are extremely light, and while:
mora of this grain nas come out or nia
lng recently than the trade had antici
pated was left, still there is scarcely
enough stock offering at the moment to
firmly establish quotations.
'Market ruled stronger with higher
? rices generally shown in the mill feed
rade The. south continues to ask for
aupplies but holders here are unable to
- confirm orders because of the general
lack of surplus stocks. Further advances
are generally forecast.
- WHEAT Nominal, producers prices,
track basis: Club, 9o93c; milling
Wueatem, US' red- Russian, 8991c;
fortyfold, 93c: Turkey red, 8394c; Wil-
r lamette valley. 93c.
' BARLEY Nominal, producers' prices,
. track basts: feed, $27.50; brewing, $27
28; rolled, $29.
OATS No. 1 feed, $30.50 31.00; milt
ing. $31 ton.
FLOUR Selling price: Patent, $4.70;
Willamette valley, $4 70; local straight,
' tS.H5s-t.J9; export, $3.853.9S; bakers',
. $4,504. US.
HAY ProJusers' prices, Willamette
valley timothy, fancy, $15; ordinary, $11
d12; eastern Oregon-Idaho fancy, tim
thy,, $117; alfalfa, $11.50012.60;
vetch and oats., J9tf.ll; cheat, $811;
clover, $89 per ton.
M1LLSTUFFS Belling price: Bran,
$24.5025.60; middlings, $30.50 Sr.00,
- shorts. $26. BO'S, 27.50 per ton.
GRAIN BAGS No. 1 Calcutta, Jq.
PORTtAXD JOBBIM PRICES
Theae nrl'et tr those at which wboleaalere
tell tn rerallera, except aa otherwise atated-
BUTTER Nominal. Cltr creamery, ' cobee
and toba, 2ic; print. 29Q28i4c; mt( creamers
' 88c Ib.t dairy 20ia21c.
EGflS-rNoMinal. Candled local extraa, Snm
, He; case count, 18c; apot buying price ia
ptf, IRiglSM'C t. o. b. Portland.
LIVE POLLTKi Hena. 14HlRc; broflere
25c i.llti-we, iicj-; eeeae, i2e; p k, -
20r; drewed, 2325c; pifeong, old, l; nxum
CHEE8B Nominal. Freth iffejOB fancy foil
rraara wiia nu ure. tiv, aaiaiea. 17c.
BUTTER FAT Producer!' price for Portland
Fnjita and Teratablfi.
B.K.n i) i 'ITS X" .
4.85e5.00; bananas. 4a34Xs lb.; lemona tTOi
l8.0Oe3.SO; Florida. $4.60(Bl5.50; pineapple,
k; Pni () boi: Peralan date.. 7 as?
Viiuvuua rfrssici, i w
v
1350
73(2$1 m.-
.,t,i Boaeoc. ,u
i-OTATOEU hclllne rrlce: Eitr. .
tric. carloads. 25c countrv nnin... ""ring
$4.8035 per cental; new potatoea, 3s.ii '
ONIOKS. eaJWiwic. Aaawjatlon aelllni m
BT0e per cental f. o. b. aelllng point- Ik
lona. at.utnu i.tu.
VKCETAbl-KS Tnrnlpa. 75c; beta 73-- n.
eartuta 65e doaen bunrb-a; r'aranli ) '-."i.
Mexican luf ( ); frifn ouUnm 12ii'sT?;
OOfea nancoea; ixwera, oeii ;(0c; b;-,
per 'urate; g plant. 25c lb,r caullfin-i?
l.5ei.25 lr dozen ;.tib8iS. lcal & .rn'
rbokea, fl.15 dnauwrT.routa. loc ,. ;
85cfi$li 'a buuebea; apiaacB, local " ii, .
1f, 6(g7c.' ' , ' "
Hops Wool and Hid.
HOPS Producera' price, m-i 14Qia,
-toidlna to quality; 1818 contracts, 14c
s WOOL-Notnlnal. 1013 clip. Willamette t.1
try. coar. Cotawold. 18c lb.; medium Shron
Mr, 17c; cbolce fancy lota. 18c lb" ea.teri
Oregoa U ajc according to shrlnkaee
trilTlIM OH tASCAttA UAUK-li uoinl
i, Tar tuim, ibw mim oc io.; ikij bttk
Th apple rradlnr rules, published be
low, wf re adopted at a conference called
by the Northwestern Fruit Exchange
and held In Portland on March 27, rep
resentatives being present from 11 of
the big apple districts. '
The fullest harmony being desired
inrougnout .tno facirio northwest, a
committee was appointed to arrange a
conference, on grades with the executive
commutes of the North Pacific dis
tributors. . Manager Robblns has replied that they
could do nothing at present, but later, if
they found that they, had sufficient sup
port to go ahead and do business, he
thought a meeting could be arranged.
, Mr. Davidson wrote to the chairman
that the executive committee had al
ready adopted grades, but he believed
they would be glad to receive and con
sider any suggestions as to changes, at'
some time in tne ruture.
.Already the Rogue River association
at Med ford, the Horticultural union of
North Yakima and the Mosler associa
tion have ratified these rules.
The rules are:
''No. -1 Grade This grade shall con
sist of sound, smooth, well formed ap
ples only; free from all trisect pests, dis
ease, blemishes and physical injuries;
free from worms, worm holes, stings,
scale, scab, sun scald, dry rot, decay,
fungus, water core, spray burns, limb
rub, skin puncture, sktn broken at stem.
"AIL apples must be of natural color.
shape and condition characteristic of the
variety. Apples heavily coated with dirt
must do cieanea. - f
"The following varieties only shall be
admitted to una grade: Arkansas Black,
Delicious. Oravensteln. Grimes Golden,
Jonathan, Mcintosh Red, Ortley. Red
Cheek Pippin, Rome Beauty, Spitxen-
Derg, Btayman, white winter Pearmain,
winesap, winter uanana, lenow rnew
town.
"Color requirements for this grade
are as iouows: -
Solid red' varieties: Arkansas Black.
Mcintosh Red, Spitxenberg and Wlne
Sap, must have at least 76 per cent of
good, natural color.
"StriDed. Dartlallv red varieties: De
licious, Gravenstein, Jonathan, Rome
Beauty and Stayman must have at least
ou per cent or good rea coior..
Red cheeked or blushed varieties
Red Cheek Pippin and Winter Banana
must have a distinctly colored cheek
or blush. Ortley must show wnlte, yel
low or waxen.
Sizes in this grade shall not be
smaller than 160 count except Winesap
and Yellow Newtown, which may run as
small as 163 count. Delicious, Rome
Beauty, tftayman and winter Hanana
shall not be smaller than 138 count.
"No. 2 Grade Apples in this grade
must possess the same physical require
ments as to soundness and freedom
from insect pests, disease, blemishes and
physical Injuries or defects, as provided
for No. 1 grade, with the exception that
the following minimum defects will be
permitted: Slight limb rub or russetlng,
or one small healed sting, but no apple
shall show more than one of either of
these defects. Slight deviation from
proper form" may be included but this
will not Include clearly misshapen fruit
Apples heavily coated with dirt must be
cleaned:-
"All varieties of apples shall be ad
mitted in this grade.
"Color requirements for this grade sre
as follows:
"Solid red varieties must have at least
one third of good, natural color.
"Striped or partially red varieties
roust have at least one fifth of good red
color (except Rome Beauty, size 125 and
larger, showing not less than 10 per
cent color may be admitted to tola
grade.)
"Red cheeked or blushed varieties
must have correct physical qualities,
without requirement as to color.
."Sizes in this grade shall - not be
smaller than 175 count except that
Jonathan, Spitzenberg and Winesap may
be admitted in sizes 1S8 to 200, with
color requirements the same as pro
vided for those varieties In No. 1 grade.
Yellow Newtowns may be accepted to
200 size inclusive.
"No. 3 Grade This grade, when used
shall consist of unwrapped apples, not
Binaller than 160 size. It will be made
up of all merchantable apples not In
cluded in the No, 1 or No. 2 grades. Ap
ples must be free from all Insect pests,
worms, worm holes, disease or serious
physical ' injuries. Skin puncture arid
broken skin will not be permitted. No
requtrenients as to color, except that
the fruit must not b, clearly, immature.
This grade to be packed according
trade requirements.
"The system of designating contents
of boxes, and manifesting by tiers Is to
be abandoned, and the numerical system
employed exclusively hereafter. The
only recognized counts for northwest
standard apple packs are as follows: 41,
46. 48, 66. 64. 72, 80,. 88, 98, 100, 104, 113,
125. 138. 160, 163, 175, 188, 200.','.
FROM THE OREGON Sl)W0URNfH:MAR30
0 1
tl
China as Competitor for Egg Trade of Country ;.
it K It It n H It
Lack of Transportation Is All That Holds Back
REVISED
DATE
OF
it. . M.t. iinnur. ai.:afiii 7.- s. -
in. vt.i ' . ' -' i ui ecun
&r.4iti r 24 lb. crate. '
APPfcEf Eating apples
car lota. Ik: leaa car kits 6c lb.
HHJJv("urj mora, iiiyzir jb.j arreen Hi.,
cited lildea 12c: bulla, green aalt. 9..' kiV
Mc: arj, colt ,kln. aaltVrt
cr (rea, (aic: rrn hldea. lc lt-aa than
altl: bp Wlta. uiui. KSetl-lO: dri
lui:le lb. Tr - . "'
UOHAIR--191 Nominal 32333c.
UaU. Flak aad Prala!ona,
DBtFSf.K WKATa Couuirf killed: h,,e.
fawT, imlii rdlnar. UOMHc: fooi
and W, i fpy eala. 14c; ordinary
', poor, . ISaiSei 'laniba, loailcj mut
tun, fiflc; U4f! hrrt, Sffllle.
Hams, sacvs rrc u.m. iva2o4c
brkfaJ bn. ITQZTe; bolji-d nam. iUc'
MRATftwthit hmnrtrrm. Koi 1 it
u.:.. uikw au.'. ..iin. T.u I
La.Ul-Tlrc, HHcj vaipun4 tlareaa, 10.
OREGON WOOL SALES
, (Special to The Jourual.)
Pendleton, Or., May 17. Th revlned
list of Oregon wool sales dates as an
nounced by Secretary John G. Hoke of
Uie Oregon Wool Growers' association la
as follows:
Friday, May 23, A. M. Pilot Rock,
Friday, May 23. 1'. M. Pendleton.
- Saturday, May 24fT-Echo.
Tuesday, Jun 3 Heppner.
Thursday, June 6 Shaniho.
Saturday, June 7 Baker.
Tuesday June 17 fcleppner.
Thursday, June 19eondon,
Saturday, June 21 Rhaniko.
.Monday, June 23-"-Madras.
: VeliH'sday. June 25 Joseph.
Thursday. June 26 Enterprise
Wallowa.
Wednesday. July 2 Baker.
MondaVj July 7 Hunt's Ferry,
Tuesday, July 8 Madras.
Wednesday, July 9 Bend fid
mond. j
Friday, July' li-Shan1ko.
and
Red-
OYBTERS Sboalwater bax. per aallon
per 100 lb. aack (-)j Oljmpia'. p,r a-allon
3.25; per 100 lb. aack. $0: canned .f..-?
5Sc can; 9.&0 dnaen; taatetn. In ahel'.
2 ner 100; raaor clama, 2(Q,2:a do "
FISH Nominal, llock cod. . 10c ih .
nouDdera, 7c; halibut, 68c; atrlpcd baaT
20c; catftah, 12c; cblnook aalmon lac- atUl
beada 7c lb.; ale, 7c lb.; ahrlmD. ' iil."
perch, c lb.: tomcod 8c lb.: lolMtrra Or. ?L i
black baaa 20c; allr amelt, He; ahad. 8a4c:
black cod, 8c; aturgw3n. .12(3 13c lb. ".
. Crooartea.
6COAB Cuh. $5.55; powdered as an. s
or lierry 5.2f; bet, dr ranul.Tili"
6.15; D jellow 4.45. (Abor. quofatlona Jk
it) daya net caab.) "
; BICt-Japaa atyle, fi 1. SVjQBVc No a
c: New Orleana, bead. 8iQJc; froola lVc
HONliV-New, 2.75 per c.m. B)4c-
BALI toarae, bair crounda 100. aiA
ton: 50a 110.75! tabl dLlw-Ao. a...
117.60; balea, J2.21; itra fin. barrela a 7,
ann io. fj..wo.w; lump rock.. 2li.jWi or, t-L
HEANH timall white. Wc; l,rKa white suS'.
pink, Vi c ; bayou. 4c: flmaa. cvd. T
, j ramia, uoai wu, tto.
WHITE LEAD Ten lota. Kc . ik .
lota, 8c par 4b.: leaa lota, Me per lb'.' - '
OIL V1UAL Carload lota, m.
ILltl'LMlNht-ln cawa 7xc: k
70c: lrou barrel. Ode one nalian i,. , .r
By Hyman H. Colien.
The fear of the flooding of American
marlcets with Chinese eggs Is ground
less, so ar as the immediate ruture is
concerned, but there are prospects that
It will not be mann years before tho
oriental stock will be freely offered In
the United States when local stocks are
scarce.
The price of eergs In China ranges
around a cent a dozen as the average
for years. While this price la exceed
Inclw low. It must be taken Into con
slderatlon that up to this time the
Chinese have not modernized their poul
tr. business, but continue along the
lines their ancestors used.
The Chinese egg, while of the same
quality as that shown by the product' ol
any otner country, is very small in size.
This is due to the lack. of modern meth
ods and the interbreeding of stock. The
smallness of the egg removes much -danger
of its being a serious competitor
of the American barnyard fowl. Even
at the best. It will take many years for
the Chinese to develop their chicken
industry so that a larger sized egg win
be produced.
, Another big factor against the flood
ing of the United States with Chinese
egg is the absence of modern handling
facilities. This, together with the lack
of suitable transportation to get the
eggs to market with little delay, means
that American poultry Interests need
not lay awake nights In order to repulse
any proposed Invasion of the Chinese
with their eggs Into this market
The egg- Industry of the Pacific
northwest is growing with great bounds.
During the last two years the produc
tion has been fully doubled each-Cason
and the rate of Increase has not yet
diminished. The Pacific northwest has
lone been the neglected field of the
poultry Interest. With Its unusually
mild climatic conditions, the production
of poultry and eggs, has up to the last
two years, been simply the matter of
"pin money" for the farmer's wife, or
else she has kept the children In school
or furnished most of .the provisions
from the store with the money She ob
tained for the cgs. i
Two years ago the poultry and egg
industry of the Pacific northwest Degan
to reflect actual growth. The business
Is being rapidly taken out of the hap
hazard class and placed upon a basis
where the producer intends to make It
entirely a business affair.
The- following are from the reports
of American consuls In China and show
the condition of the egg Industry there
"The eg supply of Honekong comes
aimosi soieiy rrom tne reari river delta,
the produce being fathered In material
quantities by Canton and . Macao ship
pers,, ana. as a ruie, snipped in duih in
native baskets about the size of an
American bushel, measure, The eggs
are generally Imperfectly graded and
are rehandled In Hongkong. Prices of
ordinary lots early in March ranged
from ,6.24 to $6.72 gold per 1000. fluc
tuating between comparatively narrow
margins irom day to day. . curing 1812
the highest price In the Hongkon mar
ket, wholesale, was $6.68 gold per 1000.
Duck eggs in large quantities are to be
had from the same sources at prices
Which generally run about 5 per cent
lower than chicken ers.-
"The obstacles to shipment of eggs
to the United States are not Insur
mountable, but mav be serious. In thar
first place the present exchange value
of silver la high. Secondly, It is pos
sible that any material demand abroad
for eggs in this market Would Immedi
ately increase the price, although In
time 11 is likely that -the supply would
be increased to meet the new demand.
Arrangements would have to be made
to transport the ers In modern cases
shipped to this market for the purpose,
for modern means and methods of hand
ling eggs are unknown here. Duty Into
thi United States would practically dis
criminate against eggs from this mar
ket since it is fsneciflo TB cents per
dozen), and eggs from this market are
small.
"Of the 11,000,000 worth of fresh and
preserved eggs which China now ex
ports, Hongkong takes about 40 per
cent, but re-exports a considerable por
tion thereof. The Phillpnine Islands in
the fiscal year 1912 Imported from all
Chinese ports a total of 4,628,571 dozens
of eas In natural form valued by the
cuBioms auinonties - at 1363, bzs gold
eo.uioo per ouzen; 1. o. d. uninese port.
Most of this trade is through Hongkong,
the eggs for the Philippines being
shipped in the native baskets in which
they arrive from the interior. The Phil
ippine duty of $1 per 220 pounds Is not
only much lower than the American
duty, but the rate by the 0und is more
favorable to small Chinese eggs than
the United States rate by the dozen.
The shipments to the Philippines 'are
Increasing 10 to 12 per cent annually.
"Wholesale dealers in Canton quote
the following "rices for eggs, per bas
ket of 100: Chicken, large, J.97 gold;
medium, $0.90; small, $0.76. Duck, large,
$1.04; medium, $0.0; small, $0.76. There
have been shipments to the Philippine
islands, but most of the hll1ne Anna
by the dealers with places adjacent to
Canton.
"Hens era-a ara nuntert tn TTanirnw
wholesale by the oicul of 133 1-3
avoirdupois. .It is difficult to state an
average price, but It would appear to be
between 8 and 8.60 taels during the
spring." -'..
Borne dealers can probably buy more
cheaply by dealing direct with thd
country people. The Hankow taeL be-
H ituuiuaim Bieauy ELB com
pared with United States currency. At
present. 1 tael Is equal to about 68c
United States gold. v
The production of chicken ergs , Is
very large in north China, but duck
eggs are very less common. At present
(March), chicken eggs are selling 130
for $1 Mexican. This works out about
4.63c, American currency Der dozen- t. o-
b. Tientsin. If there were a very large
foreign-demand for chicken eggs,-the
price would alter somewhat becaus of
the scarcity but once let the- country
people find that there-is a steady call
for es-gs in Tientsin and the supply
would soon be increased. - '
Duck eggs are selllns- in the Tientsin
market at present at 40 eggs for $1
Mexican, or about 150 United States
gold per dozen. .
More care Is needed in the handling
Of egs to enable producers to necure
their proper returns. Various Interests
are trying to cooperate With farming
interests to 00 away with much or tne
loss or nanaung. Ttie American ex
press company has sent out the follow
ing circular: ? -.-.-'.
Use strong, substantial cases of not
over U dozen caapclty,
"Repair - them when necessary. It
will pay in the end, , ,
"Don t use old, broken-down fillers.
It is iaise economy, .
"See that fillers fit snugly, if neces
sary using old newspapers to take up
space. .,.'-'.'."'
"If there la room' between the covar
and top layer, ubs layer 01 newspapers
mere. , 1 - .4 .
"if the fillers are so loose as to shift
continually in transit, it is sure to re
sult in soma cracked or broken eggs. '
"Place a layer of excelsior, hay or
iraw in me potion 01 tne case.
'It is to your advantage to have your
eggs reach the consumer or commission
man in good condition. Even if a com
mission man remits for the full number
in the case, 'cracked or broken eggs
Often causa others to becoma snecked
or soiled, making them -less attractive
to tne buyer and often lowering the re
tail price per dozen. This reduction
may not show up in your, statement,
but it is there lust the same and is a
direct loss to you.
"The foregoing suggestions are of
fered with a sincere desire to cooperate
with you In reducing egg breakages to
the lowest possible minimum. Will you
not give them your earnest considera
tion and heln.ua to. bring, about this
result?"
H. J. Greenwav of Portland, -who Is
said to have been connected with the
government experimental work to pro
duce more eggs out of the regular sea
son, writes of his Ideas as follows:
I beg to say .-that the producer of
farmer could very easily remedy these
conditions at a very little expenditure
of time and labor which could b most
profitably used In the proper cara of
their egg crop.
commencing at the beginning of the
new crop or about the latter part of
February, on, until the first part of
April the fresh product' is greatly in
demand at good paying prices and are
kept well gathered-ij andmarketed.
But with the advance ofwarm weather
and broodlnesB among the flocks what
is known as rings and spots caused
from a state of germination setting in
enough to bring about these conditions
which greatly affect the demand. Eara-a
are then taken in by merchants through
out the country for trade, the good and
bad all thrown together and kept in
nany instances sitting around in an
unsanitary condition until shlnment la
made to some commission merchant,
who is compelled to handle, sort out
and store at an expense that some one
must pay for. Besides a loss in shown
in "dirties" and the bad thrown nut
with the additional expense of handling
which some one must pay. By this
time they have the characteristic "cold
storage flavor" which will not advance
meir vaiue only m case of scarcity, ao
is toss mil hi ne oorne ny tne producer
being a purely business nronnsltinn
of profit and loss with the ice house in
terests, ...
The farmer may remedy this state
of affairs by commencing with the ap
proach of warm weather and brooding
to take up the male birds. If the breed
ing is not over by this time, two or
three dollars- worth 01 wire netting with
a little labor will fix up a small in
closure to keep the breeding stock bv
themselves, which should be selected
from the best layers if for no other
cause than to improve the flock.
The eggs from the main flock will
then be sterile and should be gathered
every day at least, as-is generally done
in the months of February and March.
It will be found that these eggs will
keen in any cool, dry sanltarv Dlace or
cellar for two or three months. Just
put in common containers by turning
the crate or package once or twice each
week.-Thisi will mean a difference to
the producer oil from 16c to 18c in
trade in tn months of April and Mav
to some 30a -to -35c In cash by at least
July, thus commanding a premium on
the strictly fancy sterile product over
the prevailing cold storage prices, with
out taking into consideration the waste
in rots and "dirties."
Cooperate with the dairy oeoole and
sell direct to the consumer as has been
carried on in some localities moat bur.
cessfully. In short the poultry business
nas not advanced - along commercial
lines with dairyinic and other farm nro.
ducts.
Cattle. Calves. Sheep.'
PORTLAND UVESTOCK RUN.
Week . . .. . ,
Ending! Hogs.
May 17,.... 4520 r 1832
May 10 ...,264 1833
May 1 ,217s . H7
April 26... .1945- 1919
April 1 ...J74 v 1818
Year ago.. ,.1878 629
2 years ago.2066 ' 1507
115
2J.
234 35
41
7.
1
4794
E514
6648
1699
1173
7868
C215
Financial Outlook Is Still Showing Confusion
t t H It H V-
Money Hard to Get Except for Very Short Loan
Li?rBrermTfr?R.. m. ? i.. 1 ... i jjj
lb boiled. DM.. 0Oc- .i r,w i-aae BivT'LtuU
eate. Hit cal.i lota of 'Jiui ,.ii,.. i , .
U take steal, Ui par too,
By Henry CIews. i.
The financial outlook, though not
tacking in favorable features, is still
confused "by several fundamental diffi
culties. Chief of these is the monetary
situation. Loanable funds for short
term use are comparatively abundant at
iiKtaajwable rates. But capital require
ments are numerous and can only be
satisfied at-excessive rates. Investors
at the moment have the upper hand and
often seem disposed to await still, better
terms in the bids for new capital. In
some, cases. the shyness of Investors Is
due to excesHlve caution resulting from
a confused outlook. In a large number
of cases, however, it 'Is a simple awaken
ing to the fact that financial conditions
are in buyers' favor. The financial situa
tion abroad has visibly bettered owing
to further Improvement in International
relations. -
That, unsatisfactory monetary condi
tions are not confined to the United
States Is shown by the similar situation
prevailing in Europe. A number of gov
ernment loans have recently met with
poor strccess, the latest example being
the Brazilian 56,'0o0,U00 loan, of which
the underwriters, the Rothschilds, were
compelled to take 90 per cent at dis
count. The Kuropean' financial' situa
tion is materially affected by payments
for the Balkan war, which are likely to
resutt in at least $600,0000,000 new state
issues. - Added to this is 'the tremendous
burden of armed peace, which ft prom r
nam i'i aack auattomiat ha acantjly-aaU-.
mated costs the principal governments
of Europe not less than two billion dol
lars per annum.
taL not to apeak "of th twe and arftalf
million men employed in the armies and
navies of Europe and thus withdrawn
from productive occupations. The re
sumption of gold exports to Paris at
tracted some local attention, but as this,
was part of a transaction to strengthen
the Bank of France and does not mean
anv sreneral efflux at this season it
should not be regarded as "particularly
Important. A favorable feature and a
good offset to these conditions will be
the gradual release of the $300,000,000
of hoardings which followed the Balkan
war.
In business circles there la Increasing
conservatism accompanied by a general
slowing down; this tendency being on
-ehajnerease at' western trade centers.
Bank efearlngs at all cities In the United
States during April showed a shrinkage
of nearly 6 per cent compared with a
year ago, the largest declines being in
the New England and middle states,
where tarifr changes would be most
felt. The failures In April aggregated
$18,000,000 in liabilities, a moderate) In
crease of about $2,000,000 over last year.
UNEXPECTED REMAND
SHOWN FOR POTATOES
. The unexpected, demand lat )
a has. materialised for old potatoes f
has created soma surprise in the , a
yri iwirWWlf' tlMr-OTtoa"-
low, the activity la pronounced, a
! lfornia and the southwest. . 4
Uero.ia ao, eabrmoua wastage, of capi-: .
Real estate operations show contraction
with a. year ago." This reaction la partly
due to the caution of bankers, who are
discouraging overexpansTon, and are
anxious to strengthen their reserves be
fore the autumn.demands, whlcft may be
very heavy, begin to assert themselves.
aji aaaeo cause or hesitation is the
new larui ana its possioie eriect upon
values. It is well understood that the
Din as-passea by the house will serf
ously affect a few special Interests, and
there is strong hope that the extreme
cuts wru oe moiiiriea m tne senate be
fore, thei-blU tedomes law. Business as
a whole will not be largely affected by
the new bill, . As long as"'.Uncertalnty
laats, however, commercial transactions
must be limited to actual Yequirements.
When the bill is finally signed business
inus neia d&ck win be rushed forward
and .we may anticipate a prompt return
to more normal activity. Larger imports
ar Inevitable-; The income tax feature
Of the bill is creating increasing fric
tion and opposition, although not a seri
ous Incubus as yet upon business trans
actions. i. ' ... ' -
The most encouraging feature In the
business outlook IS the Excellent crop
prospects. From nearly all parta of tho
country come advices stating that the
soil has had abundant moisture and that
all. the crops promise a splendid start
under-most favorable conditions. Should
Present crop expectations be realized,
here is no question but that they will
largely offset depressing tendencies in
buair)aasffalra,-apxlalli"-whaw tth
tariff is out of thway. Other favorable
business indications ara the decrease In
Idle cars and the reduction In stocks of
copper. , , .', ' -'
WHEAT STOCKS AT
WAL1A WALLA LIGHT
Walla WaT&, Wash., May 17. Less
than 1 per cent of last year's wheat
crop remains unsold in the Walla Walla
country, and there Is every indication
that it will be cleaned out to the last
sack before the harvest! The demand
for club is lively, but there is less than
10,000 bushels of that grain left. Blue
stem in small lot -still Is to be ob
tained and some Turkey fed Is left; but
not in any considerable amount. Deal
ers yesterday estimated that 40,000
bushels easily would cover the amount
remaining In the warehouses , of this
district.' .
Condition, in the. fields are good, and
although there Is a deficiency in pre
cipitation )f 1.97 Inches since the crop
season began September l-.' farmers are
not worryina as the moisture on the
ground Is reckoned to be as plentiful as
last year at this time. The past week
has been damp and cool, but neverthe
less grain ha a made a good growth.
a
Fruit Prospects Good. v -Walla
Walla, Wash., May 17 From
the preserit indications the fruit
crop of 1918 will be nearly as
large; if not quite so, fes that of .1912:
There has been not single Tintoward
condition and at present it is hard to
see what might develop to Injure the
crop. 6o far the growing weather ha'
been backward but there is promise that
the coming week will bring more bene
ficial temperatures.
. - Strawberries are beginning to get
near the rloenlng size In the lower pan
of -the valley, although for the most
part the vines are yet In the height of
feioom. a iig.ti irosi was reported in
some parts or tne vauey last Friday
nignt, out it ma nttie aamage ana prob
ably' is the last trace that will be re
corded this year.
The first spraying for codling moth
has been, finished, but just at present
there Is little; work being done among
me i run trees. -
. Money and Exchange. " y
London. Mar 17-. Cdnsols, 76 Hi sil
ver, 28; bank rate, 4tt per cent
New York. May 17. Sterling ex
change, long, $4.83: sterling exchange,
short. $4.87;tllver bullion, -60 fc.
San Francisco, Cal., May 17. Sterling
exchange, 60 days, $4.82; sight, $4.864;
documentary. $4.81 i transfers, tele
graphic, 2Vi per cant premium; sight,
pan : - -.s' ..:.".'-; . v ;..'.,
; San. Francisco' Grain Calls.
San Francisco, May IT. Grains calls:
.. " r BARLEY. ".
1 1 ' jm-f . i tln CUnm,-
By Hyman II. Cohen. '
Just one less beef came forward tn"
North Portland during the last weilc
uian during the previous aix days, but
the market showed a very sham advance
oyer previous high records. Several loads
of extra fancy California grain finished
ateera sold at the 19 market during the .
early part of the week, establishing at
the same time the highest nrlca vr
paid west of the Rocky mountains, '
ine general market for fancy steers
ranged around 18.8& tnnaf nf tfU Hm '
but there waa a reaction later to $8.75.
Thia ia really what the stuff is worth on
uie present marxet.
Cattle marketcondltlona throughout th
country were uniformly good during the '
week. There were firm prices at prac
tically all points, even the arrival of a
big shipment of dressed beef from Aus
tralia on the coast, losing Its . effect
upon live cattle prices.
Conditions in the cattle trad at thim
time would Indicate a continuance of ex-
traordlnarv orlces in the loral markat
In the Immediate future.
North Portland raittU nnr
Heavy feed steera.. t
Choice steers 8.404
common steers 8.004
Fancy steers
Fancy cows .....,..,....,, '
Fancy light calves 8.T54
urainary light calves 7.f.Kii
Heavy calves 1.0(4
Ua ' k(l I
W. VUI.tlltp,,IM,,,,M 0.00
Ordinary bulls 4.50 4.75
v sof Fricea Tombl. - -
Hog prices tumbled severe! In the
North Portland market durinar the weelr
forcing the local value below that of
any of the leading stockyards In the
country. From its proud position as the
highest In the country. Portland first
dropped below -Chicago, then followed
Kansas City, and at last trailed after
South Omaha values.
The weakness here Is due to the lib
eral holdings of swine by local killers.
The big outaide buyers have been out of
the local, market recently, which has
left the buying entirely to home In-,
teres ts.
Hog market prices at points east of
the .Rockies reflected strength with
higher prices during the week. At the
closing, alt markets were quoted with a
strong tone. . .
North Portland, hog prices todayi f ,-
Best light .. .$8.308.35
Medium light 8.20$8.25
Medium heavy 8.0t
Rough and heavy 7.0097.50
Bheep IMoea slide.
There was a decreased offering of
mutton In the local market during the
week, but the downfall of prices con .
tlnued. This was due, in a measure, to
the fact that killers, while showing a
weaker feeling for the livestock offerings
have been maintaining the extreme valuo
on the dressed product, thereby giving
that, branch of the trade no stimulant.
At this time of the season and In the
immediate future when the runs of mut
ton become enormous, .the consumption
of dressed product must be aided by V
lowering of values. This Is the only
thing that will take care of the Increas
ing offerings of livestock.
North Portland nominal mutton price
range:
Spring lambs $T.B0fJ7.75
Yearling lambs 6.006.25
Old wethers 6.255.60
Fancy ewes
Ordinary ewes ,
Monday Horning Ba.Ua.
STEERS
Section. No.
Idaho 27
California t 34
California 23
California . 24
California 24
Oregon ..r 23
Ore (ton SI .
Oregon 21 ,
Oregon 21
Idaho 28
Idaho 15
Idaho I
Oregon 9
Oregon' 1
COWS
Idaho 4
Idaho a
Idaho 4
Idaho S
Idaho 1
Idaho - 2
BULL
Idaho )
Idaho , 1
Idaho 1
CALVES
Idaho 9
BOOS
15
50
At, lbs.
1244
1244
1204
12(W
1288
1107
1184
11M
804
1100
10SS
900
1160
. 1105 .
S0
MB
I 1200 '
i 930
1540
1640
1480
805
Oregon
Oregon
Oregon
Oregon
Idaho
Idaho
Idaho
Idaho
Idaho
Oregon
Oregon
Oregon
Oregon
Idaho
Idaho
Oregon
Idaho
Idaho . .......
Idaho .......
Idaho . ,
Idaho
3
. t
..85
. 40 ,
.100
........ 98
48
....78(
52
74
22
78
B5
77
, 29
r 5
1
, 8
4
Idaho 6
209
168
485
520
125. :
112
20
21
175
209
217.
202
145 "
1T
171
181
JOT"
880
433
830 ' ;
690
5.50
5.25
Prlea.
, $9.00
9.00
9K)
9 no
0.O
8.6S
8.6A
8.6.1
8.K1
8.40
8.15
8.00
8.25 .,
T.25 .
$7.65
7.65
7.30
7. so
7.31
UX
$6.25
23
123
$9-00
$8.65 .
8.65
8.15
7.00
8.60
8.60
.6.1
8.65
8.65
' 8.55
. 6.55
' 8.55
' 8.55
8.50 .
1.50
8.50
8.45
8.40
' 7.55
'7.50
T.50
7.45
(Continued on Following Page.) .
May ..A 147B
December"? ...... . . , . . . 147 M,
OATS : ; -.
WV May.'i ... , . 180 B
1471
J.C.WILS0N&C0.
A kekbzxs ;' -vtv
NEW YORK STOCK EXCHANQa
NEW YORK COTTON KX?HANaa I
CHICAGO BOARD OF TRADJB
THE! STOCK AND BOND EXCHANCM
SAN FRANCIBCO
PORTLAND OFFICIO
68 Oak St, Ground Ploor, Lewis BUaV
F&oaes Marshall 4130. A-4U7.
: rataJtlfOKTATOir .
1''"' ei PSajsaaapaat! aantaaasaajaja
ANCHOR LINE
.- STEAMSHIPS
tl Erary Saturday to anti-row '
New Vork Londonderry Glasgow
t Ocean- Paaaaga aaya. Moderate rataa.
j For Book on Tonra. Ratee, ate., apnur to
HKNDJR80N BROTHERS
General Agent a, 85 Weet Randolph 8t. Chlcaa-a
OB ANT LOCAL AQKNT ', 7
COOSBAYtlNE
Steamer Breakwater
Salla from Alnaworth boe. Portland, at I a.
p.. April IT, S3. 80, May 6. 10. 15, 30. 83, 80,
and thereafter ererV . five dart at V? m.
rrelght recelred until 6 p. tn- azeent da
Jo Wllln Preriou, . Jayav ,,-.
rsaiiKr fafa Itrat claaa $10; aeiwod Olaes 87
including berth and Baa la. Ticket offloo at '
Alnawnrth dock. Portland aV Coos Bay Bream. '
A-SmSV' U H' ' Mala'$Wl
170 B ".
- . -