The Oregon daily journal. (Portland, Or.) 1902-1972, July 20, 1913, Image 21

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The Oregon daily journal., July 20, 1913, Page 21, Image 21

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Newspaper Page Text; ; lVf;')f,l,': THEtOREGO TWO IS COMANV.iTHREE IS A ICROVVD 99 COMMISSIORERS VISIT;' IP'S CATTLE AND LTORY; DECLINES T 1 ' TRADE IS BRISK; .1 "- oEtmaiNT BANKS. FOR; FARMERS Quotations On AU CrOverament Is Mortgage Credit Bank Hag Never Bos Advance for the Week la Ten .Cents; . Cattle": Shipments Devoid of. Fancy- Steers; Lamb Decline M. It. Yates Urges Credit Action by T sne JLower,' Panama .Canal Bonds : IiOst PoUar for Its Bond Hold Banks to Revive Drooping In at 07 ' Bid Withoat,'OtfeEtngs; erst Business Cartied on, Without dustry; Figures Given to Show Foreign Sentiment More Cheerful. Marked;, Mutton Generally Weak Cattle Raising Is Depreciating, profit; Low Loan Rates. ,:. i ir,.:-., id P IB DIE TasSm as bison, declared OBI) GERMAN GOVERNMEN HOG : : SHEEP MART DROPS ' - nu' '- ,,;,' i , i .... ; Beoelpts of Two Weeks. s Week '. ... Ending- Two Weeks v r-,i' . Yesterday Ago Cattle ....1358 117S Calves ...,130...., "S3 Hogs .2345 .2892 Sheep ' ....7288... 8203 '.!!- Taken on the" whole, business at the t- North Portland yards -the past week has riven satisfaction to every one from shippers fo purchasers. Trade in - the cattle and hoc divisions especially ..have been all that could be naked for. Cattle receipts were moderate and the demand waa so strong as for the pre vious week. Only a few fancy steers came to market and the sales from the , run averaged from $8 to 88.80. Most or the steers were disposed of at about , 18. Prime cows and heifers brought K.7587.60. and a few bulls were sold ' as high as t for the hundred- weight, l' Fancy veal, too, was much in demand . . with the receipts poor. In one or two v instances 89 was given for choicy stuff. 1 The following prices represent at what figures the week's business waa done: ttl Banff. Prims steers 88.1008.80 Medium togood ..,....... 7.2608.00 Prime heifers 7.267.60 ; Fair to prims cows 6.76 07.60 ... Common 4.60 08. 60 . Bulls ...................... 6.00 6.00 . Prims light veal 8.7608.00 ' Heavy veal . 7.00 8.00 The boa market during the week was I steady , to higher, , with enough sales made at 19.80 for lights, to say that J. that mark Is steady. This is a dime higher than the prevailing figure last Extra choice porkers sold Friday morning at 89.40. - Most of the week's business, however, in best kitting hogs was from 88.16 to $9.80. Sound interests bought liberally during the week and ins . iigni receipts , ma not last long. Jtepresentative Koa Values. Choice lights 89.16ffl9.46 Smooth heavies ............ 8.00O8.85 Bough heavies 7.BO8.00 The aheep demand was slack with neavv recelots. conseauently the mar. , ket waa unsteady, although the tendency ' was downward all the time. The fea ture or ma eneen traae was the de cline in lambs. The best stuff' could hardly bring above $8. The falling off - toward the latter part of th week was : decided. The trade shows no Immediate prospect of Improvement. Representative ... gneep Transactions. Yearling wethers ........... 84.0004.85 Yearling ewes ... ........ . J.75&4.00 Choice spring lambs 4.50.J6 ; v , , , Bales of week. 1 t Monday Horning HOGS Section. Oregon ; uregon . ...., Oregon... ...... . Oregon Oregon Oregon ............ Oregon '... Oregon Oregon Oregon Oregon No. 1 Are. lbs. Price. ,..110 ...111 ... 8 ...106 ,.. 8 ... 61 ... 4 ... 63 ... 1 ...103 '-j tfftKVDIl - 'rf gtio -...t.. e ' . Washington ............ 24 California. 81 . 1 Oregon rim'i) 27 Oregon ................ 27 , Wanhlngton ............ 8 Washington t. .......... 23 , V BULLS Oregon Oregon .., 800 180 .192 4M . ,17 820 173 408 2:t9 soo , 190 1167 1220 873 1014 1008 1020 : 1113 . Oregon '.....,. Wellington ..... Oregon ......... i,-- .-l-v ; -..' , Washington .... - vregoa Section. Oregon ... Oregon ... Oregon ... Washington , Washington waablngtoa - Waahlagton .Oregon ... Oregon ... . Oregon ... Oregon . . .. Oregon ... Washington Waahlngton Oregon ... Oregon Oregon ... Oregon .... Oregon ... -' Oregon .... . " Oregon .... Oregon .... -', ', Waahlngton ' Waahlngton ' t' ' Washington Idaho ; Idaho Idaho .Washington 'hfi Oregon ..... f ,' Oregon .... "? ' ;' Oregon .... '-, Washington ''' Oregon .... Oregon .... Idaho Idaho Idaho Idaho . California ' . Idaho ...... Idaho Oregon ' . . . . Oregon .... Oregon . . . . Oregon .... Waahlngton , Washington 1 1080 1 1080 COWS , 4 832 1035. 1 1810 27 884 CALVES 8 188 48 183 Monday Afternoon Sales, STEEKS No. ...... 11 28 20 7 1 10 ...... T 8 2 B 15 2 fl ...... 23 , 88 13 20 6 2 COWS 2 8 6 1 3 13 3 1 4 BULLS 1 2 10 HEIFERS , hogs 4 08 7 08 4 . Oregon Oregon tc Oregon ' Vi,v Oregon '; Oregon A ;r Oregon ;? '- Oregon . iK.'v v. As Oregon . i 5 r Orrgon ' Oregon , "' Oregon 87 4 70 80 , 1 19 ........ 1 4 14 LAMBS 159 150 Tuesday Morning Bales. STEERS 1 Ave. Ids, 064 1052 1139 1030 1140 884 10S1 1080 two 080 615 700 1000 1080 1153 1142 1150 028 715 000 030 875 . 1058 1090 90 1085 1025 TI10 1198 14 000 090 872 164 883 216 817 JflO 178 872 210 159 SMI 220 8W 810 203 83 03 4 1 2 BULLS 1 8 COWS . v ....... .......... 1220 1299 1207 1010 1005 ieno 1348 1100 1090 888 .D .86 8.30 0.30 8..10 0.30 8.35 0.36 8.83 , 8.36 88.10 8.10 a. 30 8.00 8.00 7.60 8.00 34.50 85.50 80.85 . 6.60 7.00 1M 89.00 9.00 Price. 88.75 8.80 8.60 7.85 7.85 7.8S 7.85 7.25 7.00 8.00 e.oo 6.25 7.85 7.83 7.80 7.50 7.75 7.50 7.25 7.85 83.00 8.23 7.75 6.50 6.08 7.00 7.00 14.00 7.60 85.50 6.25 6.00 $6.50 6.40 $8.25 9.25 8.25 8.25 8.20 8.20 9.80: 8.30 0.30 8.25 8.25 9.35 8.00 8.20 9.20 $8.00 6.00 $8.50 8.25 7.76 7.75 6.25 $5.75 6.75 $9.60 7.00 Pendleton. Julv" 17 That cattle will soon be almoBt exltnct in eastern Ore gon, unless something is done to stim ulate tne ouaineBs or raising mem, the statement of M. R. Yates, who is touring the interior In the interests of the Cattle Growers' association. Tne remedv he auasrests Is some arrange mant of a credit system by the banks that will encourage the upbuilding of nerds. ' Zien oraz ms rernuis. As an evidence of his statement he cites statistics from the records of th forest reserve, which show that whera two vears ago Derm Its were taken out for the grasing of 12,000 cattle on one range, tne permits mis year are lor oniy 700. ' 'Tne onannet petween me increae Inn- nnnnlatlnn and the decreasing num ber of cattle Is widening each year," he xhvb "hiiiI t th-enm ratio wa will ilv to sear the dav when we will only see cattle m panca or suoiogicai israein. as wa now do buffalo. The shipment of beef from Australia will then be looked upon as a great accommodation instead of a menace to the American grower. My association with the cattle growers places me in a position to as certain the facts. I also meet with buy ers from other states and, find the same conditions exist In Montana, Idaho and other cattle growing states." j k- mesooros Hot Utilised. . . Tn unonktnir of his trlD throuah east ern Oregon, Tie declares that south of Rltter is a vast prairie, covered with waving untopped bunchgrass, stirrup high, and that on it not a single head of cattle is to ue seen, inougn several vmh man it waa a. buyers' Daradlse. "Klnowiner that a large per cent of the area of Oregon is adapted to stock rais- ng and atocK raising oniy, ana stop ilno to fiaure the amount of revenue lost oy not naving came to grnae upun this land, it Is clear to me that one of the principal resources of Oregon Is not being unused." HEIFERS Idaho .v.... 6 000 Tuesday Afternooa Sales. HOOS 1 Washington Washington Washington Waahlngton Oregon . . . Oregon . . . Oregon . . . Oregon . . . Oregon . . . Oregon . . . Oregon ... Oregon . . . Oregon ..... Oregon .... Oregon .... Oregon .... Oregon .... Oregon . . . . Oregon .... Oregon Oregon . . . Oregon .... Oregon .... Oregon . . . . Oregon Oregon foregon. Oregon Oregon Oregon 6 72 STEER 1 1 27 1 1 4 1 2 HEIl'EKS 1 a cows .,, i 8 4 8 a a i CALVES a LAMBS ...800 . 69 WETHERS a 240 KWKJ8 .. ..208 43 :..140 ... 78 Wednesday 490 200 2HO W7 1205 1080 1054 1160 1300 812 1570 1100 1140 1065 040 1170 1047 1027 1105 925 1080 , 165 68 68 80 104 '''.sw' 03 SI Horning Sales. HOOS Oregon .... Oregon . . . Montana ........ S ..04 a Montana 84 Montana .... Montana .... Oregon ...... Oregon . . . . Oregon .... Oregon Oregon .... Oregon . . . . Oregon Oregon .... Oregon ... Oregon Oregon . . . . Oregon Oregon . . . . Oregon Oregon Waahlngton Washington 10 71 05 STEERS , 6 , 20 16 18 , :::::: ! ...... 4 BULLS 1 , 1 COWS 1 ..... 1 8 3 0 10 1 823 181 345 200 838 202 203 1248 1227 1107 1110 1023 818 1102 1430 990 1270 1040 1023. 1100 1110 iwa 940 YEARLING SHEEP Oregon 119 81 LAMBS Oregon 10 53 Oregon H8 60 Oregon 148 00 EWES Oregon 1 100 Oregon 2S7 07 Oregon 118 98 Oregon H 98 Oregon 107 09 Wednesday Afternoon Sales. COWS Section. Oregon . . . . Oregon . . Oregon . . , . Oregon . . . . Oregon . . . . Oregon . . . . Waahlngton Waahlngton Oregon Oregon Oregon . . . . Oregon . . . . ' Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Oregon Section. Oregon Oregon Oregon STEERS 3 4 1 7 8 BULLS 1 1 2 1 HOGS 3 82 EWES 106 Are. lbs. 1110 843 760 915 1102 1240 11G8 109.3 900 1210 1465 1350 817 190 t 100 180 WETHERS 276 Thursday Morning STEERS 8 10 HEIFERS 8 COW? 80 13 13 EWES 93 718 942 640 943 974 1106 . 113 LAMBS 25 73 69 74 Thursday Afternoon Sales. HOGS No. Are. lbs. a seo 63 178 8 104 17.28 $8.88 9.83 8.26 9.25 $7.00 8.00 7.60 8.60 8.23 7.28 6.00 7.60 87.50 87.26 $5.00 7.23 7.00 6.75 6.00 4.0U 6.26 $9.00 $0.00 6.13 $4.00 4.60 $3.90 8.60 4.00 8.25 $8.80 8.80 8.30 9.80 8.25 9.25 9.36 87.68 8.26 8.25 8.23 7.75 7.45 7.78 $3.75 6.00 $5.75 7.25 7.26 7.23 7.00 7.00 6. 00 $4.23 $8.00 4.65 4.03 $4.00 4.00 4.00 4.00 4.00 Price. $7.00 6.00 6.00 87.45 7.75 7.50 8.00 7.50 $6.00 OHO e.oo 6.00 $8.23 9.23 $4.00 8.50 $4.00 $6.50 7.75 $7.23 $7.00 7.00 6.00 $3.60 $6.00 6.00 Price. $8.25 9.26 9.80 LAMBS Oregon 70' 68 $4.25 Oregon 160 80 6.00 CULL EWES Oregon 176 63 $3.00 EWES Oregon 89 122 $3.63 WETHERS Oregon 83 90 $4.60 YEARLING 8HEEP Oregon .......280 92 $4.0 Oregon 200 90 4.60 STEERS : Oregon 80 833 $7.15 Oregon , 30 817 7.15 : Friday Morning Sales. STEERS Oregon ... 22 1090 $8.00 Oregon 26 1080 8.00 Oregon 3 925 7.75 Oregon .' 4 1242 7.23 COWS Oregon 18 . 047 $7.00 Oregon t ,995 6.5(j Oregon 10 059 4.76 Oregon 1 1040 4.60 CALVES Oregon 5 81)8 $7.00 Oregon 5 188 7.60 HEIFERS Oregon 4 740 $5.60 HOGS Waahlngton 79 260 $9.40 Idaho , 95 198 0.35 Oregon 60 186 . 0.16 Oregon 89 196 9.86 Idaho a 825 8.25 Idaho 47 180 9.23 LAMBS Oregon 28 73 $6.00 EWES ..... Oregon 88 110 $3.50 i WETHERS Oregon 26 103 $4.60 Sales Friday Afternoon. : - ,. STEERS '" - Section. ' No. Ave. lbs. Price. Oregon ... 88 82 $6.25 BULLS Oregon , 1 1110 $5.50 Saturday Morning Sales, 8TEEKS Idaho 18 . 1120 $8.50 Idaho S 1060 8.00 COWS Idaho 5 1024 $7.33 Idaho 1 1000 6.50 Idaho .11 930 6.00 . BULLS Oregon 1 1610 $5.75 Idaho 1 1130 5.75 NEW TEY WOOLS MOVING Total Sale of Week Over Million Pounds; Duty Reduction Deplored. (Special to The Journal.) Boston, Mass., July 18. New Tey wools are beginning- to move a little mora freely both In - and out of this market Total sales the past week have been well over a million pounds. Involv ing Tey and Texas wools, with a little California ana foreign traaes. Fleeces remain- very quiet both hers and in the country. . Until something more definite is Known as to the form of the new tariff bill when finally passed, no material improvement in sen timent or volume 01 sales is imeiy. The wool trade deplores the proposed reduction of the duty from 16 to 6 per cent, as owing to cheap labor conditions in Europe a large proportion of the wool -which has heretofore been lm ported in the ra-- ate would then bs imported direct by the mills, in the shapa of tops. This would very seri ously curtail the quantity of foreign won! lmnorted annually by the Boston wool dealers and later sold by them to manufacturers In this country and would deprive them of a considerable portion or ineir -ouainesa. - California wools are very quiet In thin markAL ...V .... Transfers are noted of small lots of new spring wools on 'the 'basis of 48 cents clean and 20 bags scoured spring wool at ag- to so centa. . - Money and Exchange. London. July 18. Consols 72-78: sil ver 27: bank rate, 44 per cent. New York. July 19. Sterllnar ex change, long 4.84 per cent; Sterling Ex change, short. 4.87ft .per cent; fcUlver Bullion 89 H. 6an Francisco, July 19. Sterling Ex change, 60 days, 4.82 per cent; Ster ling Exchange, sight,. 4.86 per cent; Sterling Exchange, doc 4.81 per cent; Transfers, telegraphic, 6 per cent pre mium: Transfers, sight 2 per cent pre mium, f GERMAN HOPS SENT HERE German Brewers Prefer European Hops; United States Leads in Tons Produced.- - By Robert P. Skinner, United States Consul General at Hamburg. German brewers prefer Bavarian and Bohemian bops to the American product and European crops are usually large enough to admit of exportation in fairly large quantities to ths United States. The hop crop of Europe waa espe cially, large last year, although appar ently not equal to ths unsual yields of 1906, 1907 and 1908. Reports In regard to growing bops In southwestern Ger many are. favorable and on June 7 in many places the plants were already II feet high. Plant pests of various kinds are being complained of and are being fought with spraying devices and the free use of sulphur. Stocks of old hops .are said to bs rather limited and in Bavaria market prices on Jane 7 were running from 827.13 to $30.94 in Baden from $28.18 to $30.2$ per 110 pounds. In both Alsace-Lorraine and Wurtemberg, fu tures for 1913 were being sold to a small extent and on an average $18.04 was ths acceptable price per 110 pounds. According to tbe circular of a well known Hamburg business house, hop crops In 1912 were gathered in tons as follows: Austria, xi.bou; nungary, 1256: Germany 31.606: England. 27.600: France, ouu; oeigiurn. eovvj tussia, Sbou; Australia, umiea oiaies, x, 760. , . ' v "! tt the -btsraatlansl w Arris.! f ' rw Yorkv ,Jvly4( besultory-prof it taking broughtprice down oh half to on point, under yesterday's level In the stock market Th declines were mostly m tne J internationally listed issues. fier and union Pacific were conspicuous y heavy. United States Steel common was .the most active stock ton the -list and sold .off a large fraotion. 'A feat urs of the session was ths lowering of in quotations -xor - an united ' states government Issues. ' Thin naturally., re flected ths uncertainty surrounding tha disposition of the government 2's under me . canning ana currency. ' 'i'ne consolidated ' 2 per cents ' were quoted at 9444 bid. 98 asked and One sals was recorded at 88. Ths Panama canal bonds ware reported 97ft bid with out offerings. - ; .'' ' rorelga Conditions Cheerful. TvDlcal holidav oonditlona nravalled abroad, but sentiment waa more cheer fully inclined On the reported progress in ths peace negotiations for the settle ment of Balkan disturbances. In part this was offset by the .rather mors dis quieting advioes from China and a re crudescence of labor difficulties in south Africa affecting - paining prop- srues, Th most Interestlns feature in local news dealt with an arrangement entered Into between the Republic of Cuba and an Important local banking concern for nnanoing tne needs or tns repuoiic through short term ( per cent discount notes. Upward of 82,600,000 of these have already been taken and a total is sue of from $16,000,000 to $20,000,000 Is contemplated. Announcement was made that ths $1,760,000 southern railway equipment notes brought out yesterday wers all sold. Week and statistics were of a general. ly encouraging nature, commercial agen cies reporting a fair volume of busi ness moving for the season. Bane of New York prices furnished br Over- beck A Cooke Co., 216-217 Board of Trade bldg..- DE8CKIP110N I Open: Hie-Ill Uow I hi OMAHA MARKET DULL No Cattle or Sheep Received and Hog Trade Weak. (Special to The Journal.) South Omaha. July 19. Cattle None. Hnara RecelDta IB. 000. Market ntronr 10 dc mgner; jtuiara ,oo luwcr, price, $8.809.10. oneep fxone. HARNEY COUNTY NATIONAL BANK FURTHERS DAIRY INTERESTS Canadian Tilled Area Increases ; 'Lli. '"nt UnUed States consular re- exceeds the area devoted to ths sams : ' fprX y that -the area under Canada's crops In 1912 by 226,260 acres. The i nVi acreage apportioned to'flve of the lead- offlclSl estimate Just Issued at Ottawa, ling crops waa . ..'-'.,:rpBOYINCES.''.1 ' ' '.-:' Barter. Atberts 166.200 llrltlrh Columbia.. ,,..M l.SOO Manitoba ...... ............ ...... 458,000 New Kranewlck ...............,.'. ., 2.200 ' , Nora Scotia ......fy.i.y...... 5.300 Ontarki .'..v,:,..,.M..i;- 472,100 I'rliire Cds-ard Island, .......,.....,... , 4,300 Jeba ' , i ....,..,,,, , 1 , kj ,,,, tt 'SO. 200 ' . Saakatchewaa 4 ............ v'. .t . . . 208,400 Har and cloTer. 180,000 N4.9O0 ' 138.800 478,000 476.400 S. 167,400 198.000 2,710,"0 , Oats. 1,476.000 85,100 1,801800 182,800 08,800 2,711,900 181.400 1,101,100 20,300 , 2,430,100 Fall - wheat.' 176.000 f 2,900 , . ooo : ,.o7T000,-671,000 72.000 Spring wheat. 1,108.400 8.400 2,600,700 . 11,800 12,600 . 102,600 28.60O1 6S.S0O , 4,802,800 . :: ,tj " 1 1 w w v- f ,J - H y '- 4 f k- Xs-vt , : J i y. -JfS '- SRX. s, , -l'., s-' 4 fV -f41'i.Vy ' i:.. wv ' - ' . . K -y ' x C', yrxTJ1 Ys3'i.y) y yy? r : " 2 ArSr'y'ky- fb?yM Kb - fi"tf: s'. 'fist tui r nit iTiIiiIiiiiiim mi (iirl'flSiiiiaaiti t''i7rviii,T'irhiftllaM'fT'aaiaaaaalilfti iiafi,i?rialMsaiaiMaiaaasniaaMin'i' n'l'mni n unfi nnii runtni'i n j "JF ' Herd of blooded Holsteln cattle purchased by Harney county National bank and to be sold to farmers at cost, that dairying in the section may be promoted. . ' Total ji v ..1,423,200 7,476.000 . .6O8,800 823300 8.990,600 In addlUon an estimated 212,740 acres jvote to alfalfa, making a total for ths r ' under seas. EOl 400 'acres -'under 1 crops enumerated of 29,269,690 acres :. . ainst 29.044,4?9 acres, for, ths sam 1 giaiiia. sun tv,ii (.cici mrw uw iviuym lanyear, , , Burns, Or., July 19. Much Is being said and published these days with ref erence to the various lines of promotion and development work carried on by the commercial clubs, railroad lines and the state and national government for open ing up the undeveloped portions of Ore- Ron and other states. The above picture lustrates forcibly what an unpreten tious institution is doing- In a mors prac tical way for its section. Tha Harney County. National bank re cently brought to this city for distri bution to farmers and ranchers at actu al cost, 76 graded pure , bred Holsteln cows, hoping thereby to stimulate in terest in a natural Industry of the so tlon. dairying. v,v, ' The cattle were purchased In Wiscon sin at Waukesha. 1 Three earn were re quired for. their transportation. The stocK wers prougnt to juaaer ana tnence transferred to four stock cars on the narrow gauge Sumpter Valley road.- Over this road ' they - were ' taken' to Prairie City, -: Tha shipment was ll days on tha from Prairie City to Burns. Ths stock reached here the morning of July 2. Aside from being a little footsore they arrived In the best of condition and are pasturing and resting in a field north of town. . During the celebration of the Fourth the animals were a feature and the farmers and ranchers . who came from all over the county for the day, gave them much attention. . The Holsteln is new in this section; many of the stockmen hers having never seen -the variety before. A prevailing prejudice existed In their mTnds that the Holsteln was a very small animal. A rancher and stockman waa remarking here the other day that as he was driv ing towards town he saw a bunch of Shetland ponies In a pasture. Ths fol lowing day ha was shown ths cattl at close range and his sarcasm was turned to account by his own admission that he didn't have a two year old on tbe range as large as tha smallest two year ivjdjih ju una ouncn mads the trip back east for the purchase of the stock. He was made- to realise that ths market was not flush.' - He did not desire to purchase in ths open mar ket, but rather from , dairymen with good strains of cattle. - ,.- Had he realised, he said; before going out on this mission what he. was up against, he would. have hesitated to have undertaken th task. However, he found what he was sent for and decided to stay with it if he waa engaged all sum mer. . - - - ' - '- Two large dairies furnished 49 head, after ths proprietors 1 had undergone much ' persuasion, . Ths f rest were se cured, a few here and there, but always from, operating dairymen. All of tn Stock are tuberculin" tested.' (. 7 ? , That th Holsteln cattle will find this a natural climate there is no doubt, for conditions hers are more favorable than In ths countries where she has dons her best. - A number of the cattl have al ready ' been sold, purchases and deliv eries or tns stoca being nanaiea aany Amalgamated Copper C American O. A c... American Can, c American Cotton Oil. e. American Loco., American Sugar, e American Smelt, c Am. Tel. A Tel Anaconda Mining Co... American Woolen, e... Atchison, e, Baltimore A Ohio, e Beet Sugar Brooklyn Rapid Transl Canadian Pacific, e... Central Leather, c Chi., at. A St. P CtaL AN. W.. e Chino Copper uneaapeaice at unio. ..... Colorado F. A I., c Colorado Southern, e. . . Consolidated Oas Corn Products, e Delaware A Hudson.... Dearer A B, G., e Erie, e General Electric Illinois Central Int. Harrester Inter. Metropolitan, e Lehigh Valler Kansas City Southern. . LoulayUle A Naahrille. M., K- AT., c.... Missouri Pacific Nevada Consolidated... New York Central N. r., 0. A w Norfolk A Western, e. North American Northern Pacific, e.... Pacific Mall S. a Co... Pennsylvania Rail war. P. O., L. C. Co Presaed Steel Car, c... Ray Con. Copper. Reading, e Republic I. A S., c Rock Island, e St. Louie A 8. W., c... Southern Pacific, e Southern Railway, c. .. Term. Copper Texas A Pacific T., St. L. A W., e Union Pacific, c V. S. Rubber, c V. B. Steel Co., c... Utah Copper Virginia Chemical Wabash, e , Wabaah, pf. W. U. Telegraph Weatlnghouse Electric.., Wisconsin Central, c... . 7tt 67 0614 , 43 43 42 . 80 80 80 2U '2914 29" . 100 100 10a , 62 62, 61 , 127 127 127 33 S3 88tt '80 '97 '96 : '87 '87 '87 216 216 216 . 22 22 22 104 104 103 '85 '85 M 64 64 64fi 29 SO 28 iio" 136" iso" 26 '26 '25 130 130 130 165"' io6" ioi" 15 16 15 148 148 147 27 27 27 132 132 181 . o.sja 81 81 81 15 16 10 98 OS 67 iu4 104 104 : 68 OS 68 107 107 107 : ii2 iis" 112 : "i7 'ii '17 100 100 169 1 20 20 20 16 16 16 28 26 26 92 02 91 22 22 21 29 29 28 147 ii7 146 1 60 60 59 66 66 66 48 48 48 '62 'S2 4i" 06 42 30 87 29 TO 127 83 10 82 CtTsU. 48 103 128 85 64 28 HO 130 - 10 168 16 S 130 118 106 15 147 27 131 07 28 104 io? 18 8 169 IV 20 02 21 28 14 146 69 SB 26 eSH WHEAT DECLINE CHECKED Unusual Advance In Grain Quota tions In tbe Face of Good ; Weather Reports. (United Press Lease Wire.) Chicago. July 19. The declining ten- dency of last week's market was checked this week and wheat even reg istered at To advance for July and an advance of c for September in ths face of favorable weather everywhere. Th large export demand and the fact that farmers were loath to part wun ' ins grain at tns present prices save the bulla an argument, and cov ering by shorts restored prices and sent them above last week's closing figures. Corn advanced 2 cents for July. 2 He for September. Tbe heat wave in the southwest caused serious apprehension and receipts were small all week. Kan sas, Nebraska, Oklahoma and even tha southern sections of llllnola and Mis souri reported damage. juiy oats mace a gam or io and SeDtember advanced lSe durlna? tha week, due almost wholly to the scare in the corn pit over crop damage. All other news in the oata pit was bearish. Provisions closed the week with- lib eral advances, due to the fact that hog prices reached the highest figures Since early spring. The gains for pork ranged from 29o to 37o and lard and ribs made similar Jumps. Ransa ef Chicago orlce furnished h nar. beck A Cooke Co., .216-217 Board of Trade bldg.t WHEAT Open.-, High. Low. 85 v-it 66 - 86 80 86 86' 60 90 90 CORN Month, July sept. Dec. Close. 86 B 86B 90 B r oo , . ei t. 61. 62 I.,... 68!? 69 July Sept. use. OATS 88V 89 40V .4144 " :42 ' . PORK ........2212 2229 .XI 40 -aiao LARD Spt. -tiioa i iiw ; Oct ..W.....4193 H9a July ....;..' .;ti. Sept. ......1102 - 1102 0& T "'..I. ..U65. . 1167 July Sept. Dec. July Sept.' ,... 2212 2126 - 1183 . 1187 km 1166; 1B 62 . B 69 A 2222 2132 1177 - 1187 1105 1182 1187 1107 jge : Spinning' WheeL Xf,: (United Press leased Wire.!' f Wlnston-Salem. N. C, July. 19. Using only original barks and herbs as dyss and an old fashioned spinning wheel and loom, carpets ana portieres to furnish Mrs. Woodrow Wilson's 1 room in th Whit House are in proosss of manu facture hers today by two aged women, Mrs. Martha Walker of Elkin, It, and Miss Carolina. McHargue, 74. - The women, who are sisters, are t expert weavers and dyers and the entire work win ps eon wita tnir own nanas. oy opeciau a.uie to Kw, iui;, Welsbaden. German jr. 'July II. Th American Commission on Agricultural Co-operation came to Welsbaden from Heidelberg, where half a day had been spent visiting typical local Balffeisen societies in - the nelahbortna farming communitiea A aub-oommittes of the commission remained in Heidelberg to attend the meetings of ths convention of Raiffeisen Co-operatlv officials which began ther today. The first Institution visited by the commission in Welsbaden was the Nas sau i District Morteaire Credit -bank, a government Institution extending mort age loans at cost, principally xor tne eneflt of small farmers who oredom- inata in Nassau. It was the f lrsa In stitution of this typs visited by the com mission. ' f. ' , Tha ' bank waa nrsranised Jn 1841 by 4ha government of what was then- ths urana uueny 01 Nassau., it nas con tinued inthe 'mortgage plislness sver since and lias never lost a dollar to its bond holders. The method of business is the sams as that followed by prac tically all mortgage Institutions of Eu rope th at la, it accepts mortgages on real estate and issues land bonds equal la amount to ths mortgages. . The bonds are split up into small amounts, as low 6s 225, in order that small investors can uy them The money ' received by the bank from the sals of ths bonds Is used o supply money to the farmers on their mortgages. Ths bonds are secured by ths mortgages. But the holder of ths bond looks only to the bank to pay the Interest nnil nrlnclnal nf his bond. The bank- assumes the responsibility for the payments of ths farmer and it la this feature which makes investors more willing to buy the bonds than they are to buy the mortgages offered by Amer ican farmers, and also which makes tha investors willing to accept a lower rate of Interest. The bank carries on this business as nearly as possible without profit. Where a profit is made it Is turned over to the government to reduce the taxes of the landowners. uovernmeat sirecuy a scares. In the cane of the mortgage bank of Nassau, however, there is a seajpnd guar antee placed behind tha land bonds the Suarantee- of the government. When asaau waa an autonomous German state ths guarantee was given by the government 01 tne urana micny 01 Nsssau. Nassau baa been absorbed, by Prussia and there is a provision in the constitution of that state forbidding the government to guarantee the obligations of a company which is permitted to as sume unlimited indebtedness. There fore the guarantee of the land bonda of the Nassau bank waa turned over to the communes of the Adminiatratlve District of Nassau. This is, however, a strong government guarantee and the sufficlencv of it is Droven in the hi eh. price. 99, maintained by 4 par cent bonds of the Nassau bank. To make tbe government's guarantee safe, conduct of the bank Is placed di rectly under control of the assembly of the administrative district. The actual business of the bank is carried on by a directorate. A farmer desiring to mort gage his farm goes first to the court of registration. The system Of land reg istration in Germany is thoroughly per fected and this is one of ths most es sential features to a successful - land credit system. By the court tbe farmer? is given a paper establishing his title sod deeorlbing hi property. This paper, ia sent to tne local pana; witn tne ap plication for a loan. , All loans are re stricted to 60 per cent of the value of the land or first mortgage. If the loan be granted the farmers' mortgage is reg istered and also the bank records with, the mortgage the fact that bonds to an equal amount have been issued. The entire transaction 'costs the farmer about $20. The bond draws interest at the lowest practicable rate now 4 per cent because of a bad money market and the farmer pays to ths bank this same rate of interest, plus enough to cover the expenses of the bank. This is about Vt per cent in an economically conducted institution. Besides this pay ment, the farmer pays each year a fixed amount in amortisation charges that is' ' a fixed amount which la used to reduce the principal of his loan. In the Ger-. man Landschaften institutions the pay -4 ment of this amortization charge ia oo-f tional with the farmer. In the Nassau institution payment of this amortisation j charges Is obligatory and the value of this law waa clearly demonstrated to the American commissions by the bank., director, who presented a table .to ahow the comparative freedom of debt of the Nassau farmers. Through this prac tice the farmers of Nassau are required each year to pay off their Indebtedness. X,and Bonds Questioned. The most Interesting faturr of -th Nassau bank la the government guar antee given the bonds. There is a di vision of opinion among ths members of the American commission as to ths ad visability of government guarantees for land, bonds. Those opposed to the plan point out that if the farmers defaulted In their payments it would become nec essary for the government as ths guar antor to dlsposaess the farmers of their land, and they assert that there Is apt !? b?,"?-nlu2n potce in the situation in the United States that the lea-laiatnra r,t a state would be inclined to saddle the ' "i"" inn aiaie rainer tnan make en emies Of the farmers hv, a-lllnn, h-i lands at auction: '. in .h-VTUi. Jftno Plan assert that land In the United Riatti i. ,m .... a the year for taxes and that this Is the same thing as the state selling a man out for non-payment of interest charges on a mortgage. . Just what advantage there in in the government guarantee, ean be better Judged by the commission ers after they have studied a typ of Landshaften bank and the Credit Fon der of France. Jan. Mar. July Aug. Oct Deo. New York Cotton Market, 1 Open. High. Low. Clogs. JJ12 9 1141 1148W49 '""iiri iiSi 1160 H68fi iiii lit 1317-1221(1 .......1316 1215 1212 1214A t ..... .1101 uvo. 1167 1164 .......1164 1167 1148 -1168 59 ha pes i57. J.C.WILS0IMC0. " ioiaiBj':''''i,'v-' NEW TORK STOCK KXCRANOS ., NEW TORK COTTON KXCliANaB ; CHICAGO BOARD OF TRAM rBB STOCK AND BOND KXCUAJiO 'BAN FRANCISCO PORTLAND OFFICB ' ' ' Oak mu Oround Ploor, wts aiaa, Pkonaa Mngnaau 416. Alt?7 TRANSPORTATION COOS BAYLINE Steamer Breakwater S yV alls from Albers Dock No. 8, Portland, 2 ., St., Juno 0, 14, 18, 84, 29, July 4, 9. 14. li 84,' 29, ancT thereafter amy 6 days at's 1 a. n? rrelght reeelred snUl p. in, except Uf Pretioos to tailing; prerloas , Say, 4, a, aasenger fare flrat chaa 610, aecosd elase 81. Inclndlng berth and met la. Ticket efflo at Albers Dock He. 8. Portland A Coos Bay Steam ship Line. I U. Keating, agent, ilaln (4da A4141. - .-...' ;. .. . j. - ANCHOR LINE steamships mm:t gaB Snrwday te and greea New aork ; Londonderrx . Glasgow eesaa Paaaan 7H Safe. Uodartte ratea. j .., WnM WlW net TntirS Hataa m.m. - amok on Tonre. Rates, etc., annls aa , USNDERBOM BHOTHEHV " Aaenta. 86 Weat Randnlnb a m., xd grams, and I0J,25 acres are da-lorops last year. , . L'(.'i.,;:k-,;.. raut.and nin . davs t.uminar ,ov.rini T. b. nur nr.uti.H K.nv mnA I h h. lnir . .:. Li will b don witn their own hands. 1 , . , or an local aoknt -ss y tifS Mr , . y i