; ;
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