The Oregon daily journal., September 21, 1913, Page 18, Image 18

THE OREGON SUNDAY JOURNAL, PORTLAND, - SUNDAY MORNING, SEPTEMBER 31, 1913.
SHORT SELLERS GIVEN TREATMENT IN HOP MARKET THIS WEEK
POTATO MOTH REAL
"DANGER TO INDUSTRY
GETTING THE CREAM!
CUTTING OF MELON IS
TONE HERE
OF
: . ; OF THE ENTIRE COAST
DURING THE WEEK
TRADE DING WEEK
N.
Much Infected California Stock Is
Brought Forward to Oregon and
Millers and Exporters on Fence
Distribution of Beading and Union
Market In Local Yards Is Generally
Most of the Time, but Ideas of
Pacifle Surplus Cause of Much
Talk Among the Financiers; Crop
Burdened Vyth Bearish Pressure
by Killers Early Rise in Cows
la Lost During Day.
Washington This Season: Much
Growers Are Not Leered: For
' Money May Be Lost.
eign Market Are Low.
Movement Good.
G
WHEAT MARKET HAS
t mmmm
ERRATIC
ATTRACTION
mm
YARDS
mruv vvr " 11 iiHSr w i
1 1 -a nil mi i iiui s v
1 l l 111 1 11! U i
i - ' 1 1 uir it 1 j
By Hyman II. Cohn.
' ."Ef forts of come of the leading agri
cultural authorities of the Pacific north
' west to minimize the effects of the re
cant Importations of Califorina potatoes
affected with the tuber moth, are creat
ing much adverse criticism from those
rhose crops are being placed in danger
by the inactivity of the state and the
laxity of the laws here.
The situation is probably the most
- serious that has confronted Pacific
Bortliwest farmers for many a day.
, State officials rely upon the fact that
.... no Infection has as yet been shown in
the northern section as indicative that
there is not the slightest danger. The
word of California officials is taken to
allow further importations of the south
ern stock, while It appears that the
southerners are more interested in mar
keting their crop than In seeing that the
crops of other states are not infected.
A number of carloads of California
potatoes were finally seized in Oregon
and Washington by officials of the two
states. This was not done until the
' math had been given every opportunity fortyfold
to secure a foothold here. The potato j hybrids,
' jiivin tnuAfU me jurtn ei many uuiiuicvb
of- thousands of dollars in California
v alone this season, and this has been the
first season that the pest has been
known in more than limited numbers.
That the tuber moth has secured
firm foothold In California and that
potatoes from that state should be ex
v eluded from every potato growing sec
tion of the country until the trouble
has been eliminated, was the expressed
opinion or a leading California interest
here recently, although he said he did
not dare allow his name to become
, known.
"California." he paid, "is full of tuber
moths, and the damage to this season's
crop is hard to estimate. We did not
'.. eee the danger of the importation of
foreign potatoes quick enough, there
fore the moth secured a foothold in the
State even before we realized It.
- "California is generally very careful
In excluding the products of other sec
tions mat mignt possioiy wont injury
to her crops or markets. Wo shut out
Nevada potatoes one year for a so-called
insect,- and for years there was a ban
. against Idaho alfalfa because of the
ravages of the weevil In certain cotin
ties of that state. We even refused to
accept alfalfa from other sections of the
state where the trouble was unknown.
We snut out various Hawaiian products
lor me. same reason, and there is an
almost constant bar against the lmpor
. tation of citrus fruits from Florida and
other eections because of so-called dan
ger to the California crop."
The potato moth is said to have been
. brought to the United States by impor
tations of supplies from Germany. It
first secured a foothold in the eastern
states, but was finally imported into
southern calltorlna when the coast po
tato crop was so light and prices high,
The spread of the moth Is said to be
extremely rapid, and unless much care
in exercised in checking the evil, the
production of entire states have been
known to have been ruined within two
years after the insect was introduced.
SATS NO PRESENT DANGER
California Official Assures People
. .That Industry Not Threatened.
.Oregon Agricultural College, Corvallls,
Or., Sept. 20. Oregon potato growers
are in no immediate danger of loss from
f. the ravages of the tuber moth, which
has worked such havoc to the potato
fields of some sections of California,
according to the belief of the California
deputy state quarantine officer, George
Compere, expressed informally to Pro
fesBor II. V. Wilson, head of the crop
pest department of the Oregon Agricul
tural college. The California officer
bases his belief on the fant that so far
: 1 toe tuber moth has not oeen found in any
considerable numbers in northern lati
tudes, as it probably would prior to its
Invasion of Oregon.
"But Oregon growers should not rely
too much upon this fact in keeping the
insect pest out or Oregon, says Profes
sor Wilron. "The tuber moth Is not a
; native pest, but was Introduced into
California in Imported potatoes. It lias
; spread most rapidly In the southern part
. of the state, but it may appear farther
north at any time. It Is much easier
to keep such pests out of the state than
It Is to get rid of them after they are
fairly in It. If potatoes are brought Into
the state thev should be Inspected before
they are taken from the cars, and If
' found to he infested they should be de-
v. Duu.vni. J iiib j nje--null muy on secured
! , by making application to county Inspec
tors, who are ucting under state laws
and regulations."
PORTLAND JOBBING PRICES
These price, are those at which vrtmlelers
'' Sell to retailers, except a, otherwise stated-
BCTTEIt Nominal. Creamery cubes, 34c
; State creamery. MtgXlc lb.; ranch butter 22c!
EGGS Nominal. Candled local extras,' 35c"
ordinary candled. 31c; case count, 31'c; spot
blU'ini! price, 3oo f. o. b. Portland; eastern ;
LIVE POULTRY Hens. 15c: broiler.'
17c, stag. lSc; pnese. 12o; IVMn docks, I2f
14c; Indian Itumiers, llCJ2c; turkeys, 202l"
dressed, 25c; piteous, old, $1; young, $150
dozen.
CUBESE Nominal. Fresh Oregon fancy full
-'. -ireaia twins and triplets, 161jc; daisies, 17c
- Young America, 7'iC. '
BUTT Eli FAT producers price for rortstml
delivery., per lb.. S4c.
Hons. Wool and TTM.
HOPS Buying price, -:,a2k- lb.
VOOL .Nominal. 11)13 flip. .lliamette Tal
ley. eoarse, Cwtswold, lie lb.; medium Saron
: (hire, JJc; choke futicy lot, lxc b.; eastern
'.'.' Ojegon. KJlUlOc, according 10 anrlukaxe
CHI'ITIM OK L'ASI'AH A, HAKK l5is car
Iota, 6c; leas tban car lots, 4 lie. '
HIDES Dry bides. 21:ar jb.: green. lie
:',;. salted bides, lie; bulls, green salt, 8c- klD'
w f 1213c; calTea, dry, 24 (gibe; calf skins." alr,i
;v .... r ciwm, Liun,, Jc 1CBa than
Meats, risb aud Provisions.
DBESSk." WLATS Seiinig price Oountrr
killed: Hogs, fancy, 11 Vj'u lie; oMlna-y Sic'
rough aud heavy be; imy veals. 15'
iec; ordJuary, 14VjQ1oc, p.r, limine;
IOCJ mutton 10i ; gouts. B((l4c. auil
lot-; mutton, loc; guau. iw4e.
UAVia, UACO.N. ETC. .,ama 20U6?23U,r
breaklast bacou, 17 feUJoc; boiled inui
pMutcs, lHc; collate, 1 Vac. '
LAUD llerces, 13c, compound tierces,
The course of the wheat trade locally
during the week was not well defined.
T.iere were moments or weakness ana
strength among the buyers, but so far
as growers were concerned, the outlooK
had but one sign tnat 01 sirengm atiu
higher values.
There was quite a fair volume of
business. The buying was principally
by milling interests but there was a
fair amount of stuff purchased by ex
porters with nearby ships. T.ie foreign
situation was not satisfactory, there
being lower prices available than weie
being paid here.
some business developed in tne barley
market at interior points and prices
held rather steady at the former range.
Oats market was fairly active with
no change in values.
Hay trade was quiet and generally
weak.
New crop patent flour prices were
opened this week at the same values as
nave Deen ruling ror a number or
months for old crop.
WHEAT Nominal, producers' prices
track basis: Club.- 79S0c: milling blue-
stem, 8788c; Turkey red, 8485c;
til tf 82c; red Russian axd
78c: vallev. 81c bushel.
BARLEY Nominal producers' torices.
track basis: Feed, $24.76 26.00; brew-
ine, -o.uu'(T -'b.bo; roiled, IZ6.60 per ton,
OATS New feed. $26.6O26.0O; mill
ing, 126.00 per ton.
FLOUR Selling price: Patent, $4.70;
Willamette valley, $4.70; local straight,
$3.854.10; export, $3.668.70; bakers',
HAY Producers' nrices; WlllmM
valley timothy, fancy $13 014; eastern
urenon-iaano rancy timotny. 116.60: al
faifa, $12.5OP13.00; vetch and oats, $11
Hjn; ciover, 0,lo per ton.
MILLSTUKFS Selllne nrtee: Ptran
$21; middlings, $30; shorts, $26 per ton.'
uivAiix baud xmo. 1 (jaicutta, 9ui
9ttc.
CHICAGO WHEAT IS
WEAKW
ITH EFFORTS
TO BOOST A FAILURE
Chicago. Sept. 20. There was a dis
position on part of the local wheat
trade to hold the market n train h,,,-
and if possible start a moderate bull
turn with the help of an early bullish
demonstration In corn. Selling against
the upward privileges prevented more
than a small fraction gain over the clos
ing prices of yesterday and for an hour
the market anneareri in ho althnni on..
hope of good action. When December
worked back to 90c and Mnv ,-,,. i
under 95o the supporting orders ap
peared to be exhausted and as a group
of active interests In the trade nut loro-
quantities of wheat on the market, both
December and May, there was a late
sharp decline.
Buyers had practically no encourage
ment from the en hie n, i.i,.k ...1,1
of liberal offers of Russian wheat and
'vumuie crop news in Australia and
Argentina. Minneapolis and Duluth had
large receipts and increase in stocks at
the two DOinta for the woaIt nora
sidefably over 2.000.000 bushels.
, . , ? ,n 'he eaion the trade noted
that decided weakness was developing
in the northwest and prices there were
to 540 I06"- than Friday, This
northwest weakness and reports f rum
Kansas City that a lot of wheat was
carried over unsold, added to the flood
pf selling In this market from tired
holders. Cash business here amounted
to only 45,000 bushels. This shows that
eastern exporters have turned their buy
ing orders to Canadian wheat. It has
been a sort of bolstered wheat market
all week, and the giving out of support
and the un oadlng of a lot of long wheat
on the declining market late today was
the natural result.
Range of Chicago prices furnished by
Overbeck & Cooke Co.. 216-217 Board of
Trade building.
WHEAT
Open. High. Low.
Vk 88Vi 87
0 MV4
05 0BV4 94
CORN
7RV4 74V4
72", 72 72
72V4 7;ii4 73
OAT8
41 41TX 414
tt 41Vi 483
V 47V4 40
POBK
ml. zrrszzzr WW in !
Jill ill III t I X r JM-.Jt Wtf T.S71.. r V. 4 II 9m 9 I
in in 11 "ii, sux ir..vv- wteKmrx
O ww
i . . .
CONFIDENCE IN BUSINESS CIRCLES
Outlook Is Much More Hopeful Although Sentiment Has Been Slow to Express Itself in Increased Activity
of Trade; Money Outlook Is Easier.
Month.
Sept.
Dec. ,
May .
Sept.
Dec. .
May .
Sept. .
Dec. .
May .
47 V
Close.
87
80A
74H
72HA
73V.B
41B
43VB
40 A
By Henry Clews.
New York, Sept 20. There Is an un
mistakable spread of confidence in busi
ness circles, although this - sentiment
has been slow to express Itself In In
creased activity. Perhaps the habit of
caution begotten by a long period of dis
couragement still exists but in less de
gree; thus making Initiative correspond
ingly slow. Perhaps also disappoint
ment regarding the harvest has chilled
Incipient optimism In seme quarters.
Nevertheless, there Is strong foundation
for maintaining hopeful views regarding
the future. In the. first place there are
signs of abatement In the radical ten
dencies of congress. There is also an
awakening of sober second thought
among the people to the disastrous con
sequences of revolutionary Ideas upon
national prosperity. Tihese symptoms, it
Is true, are not yet very pronounced;
but there is distinctly less disposition
to tear up the established order of
things than was the case some months
ago.
The Improvement in the monetary
situation is already an old and oft
told story. This Improvement continues,
and there is no prospect of any mone
tary crisis now in view. So far, the
treasury has put out only $8,000,000 of
the $50,000,000 promises to aid the crop
movement The currency question has
finally reached a stage where it will
soon be the only Important problem be
fore congress. The bill In its present
form is not entirely satisfactory and
needs further revision. Opposition,
however, to the best banking sentiment
of the country In regard to the law
should cease. Banking and currency
are highly technical questions which
only the experienced and the experts
can adjust, and it is perfect folly to
assume that the banking community as
a whole is corrupt and hostile to the
best interests of the country. No class
of men appreciate character, ability and
sound judgment more than bankers:
and any bill which meets the approval
of the best and most conservative bank
ing interests ought to be acoepted with
tne American people.
confidence
Owing to
the
of
101S.
Estimated.
Wheat 7M,noo.OOO
Corn 2.8M .000,000
Oats l.'KW.OOO.OOO
Barley 1 OX. 000, 00
President Wilson, there is a possibility
of a banking bill being enacted this
session of congress. If a satisfactory
measure can be evolved, this promptness
will be highly satisfactory. If not. final
action of the bill should be deferred
until the next session, whloh will fol
low clocely after the existing one.
The harvest rias proved somewhat
disappointing the only exception being
wne&t. which promises a bumper crop
The anticipated yield of our principal
crops, based upon tne government re
port, is as lonows
Bushels-
The money value of these four prin
cipal grain crops at current Chicago
prices Is about $300,000,000, as against
$290,000 000 a year ago. In view of the
high prices for corn, cotton and other
agricultural products, our fanners as a
class will receive as much money this
year as last year and probably more.
This means that few -lltH,.t mill
suner serious losses
By Benjamin B. Bryan.
New York. Sept. 20 Sentiment in
the financial community during the
week has been governed almost entirely
by the advices which were circulated
bearing on prospective melon-cutting
and extra disbursements on the part of
several or ur wealthy corporations,
such as the Union Pacific and the Read
ing railroads. In the instance of the
latter, talk was engendered by the re
cent action of the government in filing
dissolution suit whereas Union Pacific
has been the subject of much comment
ever since tne company successfully
llisposed of Its holdings of Southern Pa.
clffc.
Ihe fact that a corporation should
be possessed of such a vast sum of cash
as Is the case of the Harrlman lines at
present naturally rostered the idea in
the minds of many that an early dis
tribution Of same is inevitable. How.
ever, in view of the high cost of capital
and the necessity of large railway sys
tems of Drovidinar funds on a Inrara urn la
during the next few years for exten
sions and betterments, it would appear
mat ii a aistriDution is to be made tnat
the same is more llkelv to take the form
of treasury holdings la the nature of
securities than cash. In the above con
nection It has been said lately that Dlans
are under consideration on the part of
the Union Pacific directorate to dis-
Durse at least a portion of the com
pany's holdings of Baltimore & Ohio.
end while nothing .definite has so far
developed, still plenty of speculative
ammunition is being provided by the
various reports which from day to day
are being circulated, many of which
bear the appearance of having been made
out of whole cloth.
From a monetary viewpoint, crop mov
ing" demands are forcibly asserting
themselves, though so far there has been
no evidence of that stringency which
anticipated a few months ago would pre
vail at this period and become rather
acute as the year arraw to a close. Some
of the southwestern banks are begin
ning to avail themselves of the offer
of the government accepting . treasury
deposits, although on the whole the dis
position In banking circles seems to be
to tread slowly in the above respect, as
the necessity of providing government
bonds to the extent of 10 per cent of
deposits has naturally drawn attention
to the fact that any government obliga
tions now purchased are likely to be
later attended by some loss owing to the
fact that funded obligations of the na
tion are again displaying a downward
trend.
European advices denote that the Eng
lish and Continental banks have
strengthened their position to a degree
that precludes the probability of a
serious strain on the other side, though
bs has been the case for auite a erlod
the outcome of the October settlement in
PORTLANT T.TtnrSTnrTr rtrrnr
2Vr"?k .ndln-" Hof Cattle.Calves.Sh'p.
Cant On vtret - r o r. . JT
Sept, 20 2607
Sept 13..... 2646
Sept 6 ...2403
Aug. 80 1221
Aug. 23... ...1339
i ear aco 3139
2 years ago ......1802
1533
1888
1465
21S1
losa
1086
26G6
63
198
125
91
262
42
88
9169
6366
6410
6299
9975
6728
2439
;raV0ritrre""'n,w"Ve.. Germany Is anxiously awaited.
" "jomiuusu Some betterment has heen oha-.rv.rf
In the Investment markets, the latest
prosperity.
Borne loss of traffic to railroads will
naturally follow, but It should be re
membered that the country and Its
Indication of which has been the prompt
yumieai campaign or aDOUl tlU,UU(),U0(
equipment notes by Baltimore & Ohio
1012
Actildl.
78O.2B7.000
8,124.000,000
1,418.000.000
223.800.000
Decreaa.
23.700,000
778.000,000
882,000,000
66.800,000
Total 4.839,000.000 6,496.067.000 1,167,100,000
Potatoes ....
Hay, tona ...
Cotton, bales
825.000,000
63.000. 000
18,000,000
42o.oon.ooo
72.700,000
14,100,000
95,000.000
8,700.000
1,100,000
Increase;
' , iiKATS t'acklm house -Steers, fc0. i ,tock
1814c; rows. No. 1 stock (); ew bv:
" WSltoers, tlfcc; lambs, 11 c; purk lotus lit, '
v-tressed bo a, lithe. ."-.,
' tikbTkiUA SUoalw-ater bay, per ratios .
per 100 tb. aaek ( ; Olympi., per
3.60; par loo lb. sack, -); caused. at"rS
iV blM -au; $tt.0 doieu; eastern, in shell, ii jum
r. per 100: raaor clams, $22S box. M
1SH Nominal. Pressed flouuuers, 7c- hsll
but, '7fo0c; striped bass. 17c; chloook aslmou
i'Hoi StettUieads, ( ); aolea 7o lb.; abrlmps'
- puces. 8c lonsters. SOo lb.; black
bass, SOcl n!lr anielt. 8c; ahad. be; black
od, 8c; sturgeon. 12yi3o lb.
. V'V; fruits and Varatablea.
', FRESH raCITS Oraogea 5.0o9.oo; ba
ttalia. Vi(tC4c per lb.; lemous, tliflS; limes. (10
i, Kr 100: grapefruit, California,. 13.60; plue
, apples. eViltt'C lb.; cantaloupes, $1.25; peaches
xowfordV 40 (2 OOc ; Kltwrtas. Ktfcilt: . '
melon, lei srspea, 1.004JliO; peara, JOSiOie
;i BKHKIK8 lllacklwrrlea, $l.i3; huckleW
"i r .....
cooking
Sept.
Jan.
May
Sept.
Oct.
Jan.
Sept
Oct.
Jan.
..2012 2012
..2U20 2025
LARD
..1117 1117
.1120
.1107
1115
1057
1120
1410
RIU8
iiis
1000
1092
2010
1112
1112
1007
1107
1152
217B
2000
2012
1115
1117
1102
111S
1112
1053
Trade Offering Higher Prices
Hop Market Moves Up 2 Cents
KANSAS CITY HOGS HIGHER
Sales Are Made at Advance of a
Dime; Strength Shown for Sheep.
Kansas City, Mo Sept 20. Hogs,
1000; market 10c higher; tops, 18 90
Cattle, 200; market steady.
Sheep, 1000; market strong.
Money and Exchange.
London, Sept. 20. Consols, bolldar:
!8 6-18; bank rate, 4Vi.
allrer,
New York. Sept. 20. Sterling exchange, long
4.63; short, 4.S6'4; silver Jrallkm. 61,.
San PTanclsco, Sept. 20. Sterling exchange.
00 daj-s. 4.81,; sight, 4.85tt; doc, 4.804
Transfers, telegraphic 494 premium; alght, par.
San Francisco Barley Calls.
San Francisco, Sept. 20. Barley calls:
, Open Close.
December 14414 144
May 149V4B 152 A
l 12 Wo lb.
APrXES tmting apples, $1.26(21.75:
- SPfls, i.w.
LAlEtAiiI.KH Turnips. 11.00: he., ai-
, irrrota, fi; parsnips, Sl.au aaek; cabbaga, 11.25
ii.ovj ' wvm K.U1.UT., wnnic oox; string
' Wns, tCI lb.; green onions, liiAfci; Jon
turner.; pepper, bell, 834c-iHhead lettuce. 20
HU5 oaJ clrj, 60j 70c; egg plant, Tc;
smuliOower Jfi ) i rhubarb, local, V,e: srtl
cbukto, TS donj sprouts, 10c lb. j spinach,
local, 8c lb.; peas, 8 (37c; grata com, 1620e
per dosen.
POTATOES Belling prlc! Kxrra choice.
S1.23; choice, 81.15; ordinary 11.10 aack; 'bur
lng rriee, carloads, 7l4t80e; country polnta
aweets 2c lb.
OMONS-Jobblng price, $1.80; carload buy
ing price 81.25 f. o. b. shipping station; garlic
OlfDV IV.
Orooertaa,
BIC&-Japan style: No. 1, SHa&Ke; New
Oilesus head, 6,47c; Creole, 6c
tSUUAKi-Cuhe, 8.06; powdered. 5J8; fruit
or berry, $5.65; beet, $5.45; dry graonlated
5.6i; I) yellow, $4.85. (Abort MUouUoua art
M daj-s net caah.)
HONKYNew 2.75 per caaa.
BEANS Small white, 6 2-6c; Urge whits
BVic; pink, 4c; luuat tHe; pinks, 4c: bayo!
4Vc. ' '
SALT Coarse, half grounds, lOQs, lio dot
ton; &ua, $10.75; tablt dairy, BOs, ig: in.
$17.50; bales, 82.25,- extra flue barrtla, i, bi
und lus, $&.254i6.uO; lump rock, JUM out ton.
Paints, Coal Oil, Eta,
UNSEED OIL Haw, bbla., 2o per L: ktt
tlt Uilleu. bbls., 4c gal.; raw eaaas, 67o -bolied
casta, Vc gallon: lota of 260 gallons
lc less: oil cakt meal, $44 ptr too. '
VVHl'.K Lk.AU Ton lota, 8c pr lb. i 600 lb.
lota 8c per lb.; leas lota, 8Vio ptr la.
OIL MEAL Carload lots, $84.
TURFKNTINB-T-In css, woo4 Btrr,
JOc; iron barrtla, ette ptr gtUoa; U cast Iota,
By Hyman H. Cohen.
Actual offers of 27c a pound for hops
that have been confirmed and uncon
firmed bids of 27V4c a pound, were re
ported In the local trade during; the last
24 hours. Both show the extent of the
i strength in the market here.
U he enormous buying and thel exceed
ingly sharp advances In the price during
the week have blocked the trade here
at the moment and while some sales
were reported late Friday night and Sat
urday morning, the extent of the busi
ness was not so great as formerly.
There was no lack of orders available
here from 25 to 26c a pound; In fact
there was more business offering
from abroad at the .higher prices than
there was some days ago at the lower
figures then In effect.
In general there seems to be a dispo
sition among growers to hold for at
least 30c a pound and even the former
moHt bearish of the trade now concede
that the price will likely reach that
figure.
As during recent davs the business la
confined to English account and for
speculative Interests. Brewers continue
to hold aloof from the trade and this is
at present the only cloud in the skies
of the hop market. The trade Is most
excited, buyers being forced to pay
higher prices by their own purchases.
There Is persistent talk of 6tlll higher
prices and strange to say none of this
is doubted by the trade generally. The
recent advance has been so rapid and
so spectacular, in fast so unsuspecting
that none are even trying to forecast
what the future will bring forth.
Statistically, as I have persisted In
stating In previous reports, tne hop mar
ket la destined to a further sharp ad
vance In price. There Is not the slight
est mistake in judging the market from
that standpoint. The exceedingly short
crop abroad and definite figures are
not nearly so necessary as some wish
to believe will eventually call forth
better prices unless the market should
by misfortune fall into the hands of the
bears. The cause of supply and de.
mand call for the best hop prices In
years and these have not yet been
reacnea.
The needs of brewers are today the
greatest within the hlutory of the trade
and as this year's crop Is undoubtedly
one of the smallest within recent sea
sons, together witn the fact that a rath
er email carryover Is In sight, should
all tend to bring out the better quota-
lions.
Brewers are rather wary in their
deals, It being stated that they are play-
iiik uie Araeriran growers against tho
i-ngnsn in an enori to or ran the back
Done or tne latter, a re w years ago
the reverse was the case. Kxtreme val
ues were in effect in England while this
mantel iookco ns ir it was goinp to the
bow-wows. Consignments were next in
order and this waa the opportunity that
me xuieiKuen were tooKing ror. Ther
never was a worse licking received by
producers than those that ronRlo-n.
their hops to Europe that season in the
expectation of getting some of the high
prices. As soon as the American hops
were received there, very sharp losses
began to make themselves felt in the
trade.
OMAHA HOGS MOVE UP AGAIN
Sales Are Up to $8.55; No Cattle
Come Forward to Yards.
South Omaha, Neb.. Sept 20. Cattle
none.
higher at $7.958.66.
Bheep, none.
IrnnnnnrtaHnn i , I eu
less andlei. dsDendt eL"'" " a basis much below that on which
lng to the growth of population and the ducted K tM OI laU been con-
K?Z "K"1.0 continue to de-
culture is a matter of much T importance ci?!". a"e.ntl?"f though It would
to the railroads, hut th win en f"'' "". ana currency and
chiefly upon a few western lines e?" ,LmU wlU b,Be'ed within a
Moreover, It should not ba formttm ' K re neara
' ' - i I, i inn i n Hnn-T v, nn iiir r. r . .
f r - - - v. .no dis
connection with cor
hlch are likely to re-
tne regular session
ember, from which
aDDear that nnr In rac. fnwnn-a.
tlons may still have to reckon with
court matters for an Indefinite period.
The volume of general trade con
tinues gratifying both domestic and for
eign, though there are some indications
pf a slowing down process in steel and
iron circles, and as far as the copper
industry Is concerned, London advices
suggest that the speculative long Inter
est in copper metal warrant futures Is
likely to temporarily upset the equili
brium of metal prices If either a squeeze
is attempted or liquidation forced.
, . 1. - . . . .
iimi. we nave noi yet met with n apr mn I
crop disaster, but rather a dlsariDoint-1 lraun n
ment of brilliant -promises. pEKhSJ. ! P?.r.at9-ma"?rs w
'."1. ---a- of c'onVreVsn- iYec
J IIO'JUUIIL" I IF tBAii 1 s4
pn r YAti
- - - - - - - - .V BH,
iy unaersiimaies actual "yields in its
early reports, and that thorn .tin -
chance of considerable recuperation in
both corn and cotton. Saving rains
have fallen since the government report
was made and some improvement must
have followed.
The money outlook Is clear and more
encouraging There Is less monetary
doubt on this side of the Atlantic than
n Kurope. where the Bank of England
Is keeping up an unusually strong re
sf.ru 1? ?ase S.f needed assistance to
either Paris or Berlin, both centers hav
ing been under special strain from fin
ancing the Balkan war. An easier feel
ing, however, is shown in London, where
new Issues are again being floated with
more freedom. On this side there has
been a sharp curtailment of security Is
sues, and the result has been beneficial
Uur railroads, however, are still In urc-
nlJl1 i,nZw :ap,,tal; and thls 18 an
element which should not be ignored
in future operations.
DAIRY
NDUSTRY IS
SHOWING BIG STRIDES
THROUGHOUT OREGON
Range of New York prices furnished
by Overbeck & Cooke Co.. 216-217 Board
of Trade building:
PKNCRIPTIOM
Total Production Valne Increased
From $10,158,000 In 1911 to
$20,440,000 ThU Tear; Greater
"Number of Cows Held.
Millions of Salmon Wasted
During the Spawning Period
Owing to the lack of suitable laws
for the protection of salmon during the
spawning period, many millions of eggs
aie going to waste in the Columbia river
section and millions of fish that would
otherwise be hatched are unborn.
The beat object lesson in the folly of
present fish laws of this state is shown
by a single visit to any wholesale fish
house or cannery after the closing of
the spring season and during1 the fall
operations.
Everywhere there are big- pller of
salmon eg-gs, eggs that would have been
laid by the mother fish If the industry
had not been ao commercialized that
the open season Is being placed more
and more into the period which is the
natural spawning time for the salmon.
During this period the flesh of the
Chinook salmon is Bcarcely fit for food.
Instead of the fish showing a real bright
color, moat of them ars almost white.
Generally apeaklng these are called
"tulllea," and gg such are considered too
poor for food.
Within the Period of thren caoannu
the dairy industry of Oregon hn In
creased ita production from 110,168.000
to $0,440,000. Every year is adding to
the importance of dairvinsr In th -ft
and each season recentlv him
quite a material Increase In the hold
ings of cows. During the last season
the Increase amounted in nimm 1 1
head. "vuu
For years the Pacific northwest has
been compelled to tiumh n .,n.
of Its requirements of butter from the
middle west and east, but a few more
seasons of progress such as has been
muue recently, win take this section
out of the importing clans
mi exyuner ui uairy products.
i ne mane or butter and value for
cuuii m me mot mree years is esti-
I11K LCU .
Production, 1913. 20,000.000 lbs.: 1912
8.000.000; 1911, 11,000,000.
Value. 1913. I7.000.ono- iam (iiui
000: 1911. 83.400.000. ,..
Along with the 1 nCT sH In t raa
ri.w.nrt u..e4,. i. . v"?.."w:
ui uutici in miauuncea a UDeral
increase in the m&ka
the Tillamook and Coos Bay sections
ouurvcu itti'm nuiura oi dairy develop
ment during the last few years, and
this has had a direct effent limn , V,
manufacture of cheese. The output and
the value follows with 1918 estimated:
Production, 1913 , 9.000,000' lbs.: 1912.
8,000,000; 1911. 6,6oO,000.
Value, 1913, $1,440,000; 1912, $1,060.
000: 19il, $7o8.000. ' ' '
The prices obtained for milk and
cream by Oregon dairymen are the
highest in the entire country. This
season'a values to date are far the high
est ever known since the local industry
was given a start. Better sanitary con
ditions are shown and the producer is
today receiving far better results from
his offerings and work in proportion to
what the consumer pays than ever be
fore. The estimated output of milk and
cream in the state for this year as com
pared with the previoua two years
shows: , .
Milk-cream. 1913, 28,000,000 gallons:
1912 24,000,000; 1911, i7.000,000. '
Milk-cream, value, 1913. 112.000 000:
1912. I10.000.000H911. js.OOo'oOtV ' 1
Amalgamated Copper Co.
American t;. & rdy., c
American Can. c
American Cotton Oil, e. .
American Loco., c
Amerlcsn Rugar, c
American .Smelt, c
Am. Tel. & Tel
Anaconda Mining Co....
Atchison, c
Baltimore & Ohio, c. . . .
Beet Bn-ar
Bethlehem Steel, e
Brooklyn Rapid Transit
Canadian Pacific, c
Chi. a a. w.. c
Chi., Mil. A St. Paul..
Chi. a N. W., c
Chlno Copper
Chesapeake A Ohio. . . .
Colorado V. & I., c. . .
Corn Products, c
Delaware & Hudson...
Denrer & B. O., c...
Erie, c
Krie, 2d pf.
Erie, 1st pf
General Electric
(. Northern, ore lands
Int. Metropolitan, c.i
Int. Metropolitan, pf.
Lehigh Valley
Kancas City Southern.
Lioulsville ft Nashville.
M.. K. ft T., c
Missouri Pacific
National Lead
Ncrada Consolidated
New Haven
New York Central ,
N. Y., O. ft .W
Norfolk ft Western, c.
Northern Pacific, c...
Pacific M. 8. 8. Co
Pennsylvania Railway..
r. u., it. ft u. co
Pressed Steel Car, c. . .
RHy Cons. CoppeirL
Beading,
Reading, 2d pf
Rock Island, c
Rock Island, pf
St. L. ft S. F.. 2d pf.
Southern Pacific, c...
Southern Railway, c...
Tenn. Copper
Texaa & pacific
T., St. L. ft S. W.. c.
Union Pacific, c
Union Pacific, pf
U. 8. Rubber, e
U. S. Rubber, pf
U. S. Steel Co., c
IT. 8. Steel Co., pf
Utah Copper
Virginia Chemical . . : .
Wubash, pc
W. U. Telegraph
Westing-house Electric..
Total aalea 60,100 shares,
'ilpeniHIgh iI.ow I Bid
onvi
27
230 H
076 674 7H
8S
96 '4
27
108
43S4
t0A
S3
80 M,
it
81
1.-.8W
2U
106
U3Ts
iii'i
124
20
69
3a
881
OR 14
06
27
0
230
89
15-14
HI
1S
2S
3 a 02
83
10
64 Vx
100
ao
112
125
'i'6
my
H
23
108
100
29
83
16
150?4 159 108
4
109
06
80
89
15
80.
108
25
'21
29
'it"
85
10
113
112
124
26"
168
14
22
63
54
80
CHICAGO HOGS HIGHER
Market Is Up 5 to 10c With Tops
Again at $9.10 In the Yards.
Chicago, Bept. 20. Hogs 11,000; left
over, $492: run year ago, 6000; market
6 to 10c higher; mixed and butchers'.
rough and heavy, $7.708.10; light. $8.30
Cattle; 200- market steady.
Bheep, 2000; market steady.
. By Hyman H. Cohen.
While this week'a run of cattle aid
not reach the totals of the previous
bix uaya, there was every indication at
the start of the week that former re
cords would he eclipsed. Over 40 car
loads arrived the first day of the week
alone.
Early in the week there was consid
erable pressure In the trade for steers
and while tbern wan rtrAnrtrnllv rm im
provement in this call, supplies moved
off fairly well at the lower figures.
Cows and heifers as well as bulls
showed a very good call with advanced
prices at the start but later there was
a sharp reaction and all the improve
ment was carried away, together with a
email portion of the former price.
Ideas of cattle buyers are not bullish
and there is not likely to be much, if
any improvement, until the present sur
plus carried by leading killers is out
of the way.
General cattle market range:
Best steers .....I
Ordinary steers ............. 7.76
Poor steers ................ 6.764
Best heifers .....
Best cows
Medium cows ............ 4.26 0
Poor cows 6.60 ii
Fancy otags
Fancv bulls
Ordinary bulls 8 00 i
Poor bulla 4.60i
Prime, light calves i.lhi
Prime heavy 6.60 s
Hog Prices Drop Boarpiy.
Hharnlv lower nrices were again
forced in the swine trade at North Port-
and for the week. There waa a engni
rle.-ren.8fi In the offerings as compared
with the previous six days but as stated
last week, killers ideas are ror lower
prices and they are in a position where
tney can force their desires.
At the .closinir of tho week there was
general weakness in the hog trade at
most eastern centers although Omaha
lc heaMnnlntr In nick UD slightly. Latter
market has been the poorest in the en
tire rnnnirv recently and It will take
some marked advance there to put It in
line with markets rurther east.
On FYiday the local market cU-opped
down to $P.60 for top offerings and It
took exceptional quality to bring this
figure Killers took every possible ad
vantage of the situation and the "cuts"
were unusually severe.
General hog mamei rauisroi
Top killers I
Good and light
Heavy J JM
Rough and heavy 7.60ii
Bheep Trade aas ,aavno.
Advanced prices were forced In the
mutton market at North Portland dur
ing the week. There was a marked In
crease in . the marketing and killers
brought forward considerable stuff
direct from the country. In general the
market was a quarter higher than last
week; lambs being Quoted as high as
$5.60 for tops. , , ..
Evervwhere there is general strength
in the mutton trade and prices are hold
ing exceptionally well. Offerings are
rather liberal but the trade is - taking
hold better than usual.
General mutton market range
Best spring lambs .$5.40B.B0
Ordinary lambs ............. 4.766.00
Yearlings . .6fl
Old wethers ... 4.Z5SP4.35
Fancy ewes - 8.90 4.00
Ordinary ewe S.263.BO
Monday Morning Baviee.
STEEKS
flection. No.
Idaho o
Idaho ... 15
Oregon 13
Oregon 80
Ore aon 29
Oregon 28
Oregon 12
Montana 18
Oregon 26
Oregon 2ft
Oregon 20
Oregon ................ 2
Oregon 26
Oregon 27
Oregon 27
Oregon 1
Oregon 28
COWS
Montana 25
Idaho 6
Oregon 8
Oregon ................ 8
Oregon t. tt)
Oregon V... 20
Oregon ... ............. 4
Oregon ... 13'
Oregon 16
g.0
8.60
f8.40
7.76
Ave. Tha
1199
996
1161
1067
1100
1114
075
906
1087
1120
IO07
1010
112a
1042
1068
1100
1203
Price.
$7.75
8 60
8.10
7.6.1
T.5
T.85
7.85
T.no
T 2.1
T.25
T.20
6.60
8.00
T.90
T.2.1
8.00
7.65
Oregon
Oregon .
Montana
Montana
Montana
Oregon
Montana
Oregon .
Oregon .
Oregon .
Oregon .
6
2
17
, 18
7
BULLS
1
$
.... 2
.... 1
.... 2
1
STAGS
Oregon 2
1083
968
1083
998
982'
1029
950
1060
965
1141
990
970
1084
102S
1280
1240
1220
1820
1596
1040
880
$T25
6.75
6. 60
6.75
75
6.80
6.00
6.40
6.75
6.75
4.00
6.75
6.75
5.63
$8.60
6.60
6.28
6.60
6.60
4.60
$600
(Continued on following page.)
J.C. WILSON & CO.
MEMBERS
NEW YORK STOCK EXCHANOB
NEW YORK COTTON EXCHANGE
CHICAGO -BOARD OF TRADB
THE STOCK AND BOND EXCHANGE.
SAN FRANCISCO
PORTLAND OFFICII
869 Oak St, Oronnd Floor, Cewls Bids?.
TRANSPORTATION
STEAMSHIP
Sails Direct for
SAN FRANCISCO, LOS ANGELES
AND SAN DIEGO
MOItPAY, SEPT. 22, AT 7 P. &L
SAN FRANCISCO, PORTLAND A
LOS ANGELES STEAMSHIP CO.
(With Denver & Rio Grande R, R.)
124 Third Street , A-4508, Main 6
New York Cotton Market.
Month. , Open. High. Low.
Jannary ...... 1321 1838 1810
March , ,1829 1H45 1829
May ;.(1884 1847 1884
July .. ....i. .1883 .1840 1383
September .... ....
October ,...,.1838 1847 1884
December ....1380 1846 1M0
. ' '.- : '. ,
Close.
132829
1838 (ft 40
18480$ 44
1838 440
18.17fi3D
1888 4$ 40
1S88 H 40
COOSBAYLINE
Steamship Breakwater
Balls trcm Alusivurtb Pork, Portland. a.
m., Sept. , 24, 8 p. m. Dept. 80 and there- '
after at 6 p. m, every Tuesday evening. Fralsbt
received until 3 p. m. fte.pt, 18 and 2J. 12
o'clock (noon) every Tuesday thereafter. Pas- '
sender tar first class $10, second class 17 t ''
including berth and meals.' Ticks ofloe si
Lower Alnsvrortfc dock. Portland a Coos Bar
Stoamshlp Line, L. IL, Keating, Agaat. Fkestes