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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Oct. 26, 1913)
. I , . ',
SQPPLY AND DEMAND
BUTTER BUGABOO IS, IS SHUVVINli INUKtASt ; V;:.
I . NOT SCARING TRADE WIJH TARIFF FACTOR 'M-M
THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, OCTOBER 3, 1913
' 'v .-,11.' i Si ..!. .... ' : ", ' a . ..
j Product Xot . Likely to . wcnonsiy
; Compete for American Trade 'in
1 Fresh Goods; , My. Affect Price
, of the Storage Product. 1 V
'.' By Hyman U. Cohen,
Foreign food products have been
'bugaboo that hta been held before the
American producer for some year. The
I name thin haa been held to the gase of
t the ' average consumer i godsend
1 which would lower the price of food
I prSa"?ymen Of this country ' were 're.
cently given a chill by the
inent llat Heavy 'v"".
trallan, New Zealand end South Ameri
can butter would-be broufht.to this
country and eventually would force the
Americana oat of the indaatry
Knnh tAmm are far from the ,trutn-
! The American dairymen) -eed Jntor-.
tain not tha slightest roar of 'aclngtbe
bankruptcy court on account of - any
competition that Will come in the butter
I or cream matket- While It JsUuethat
j prices prevailing in Some of the foreign
i tountrfcs have been several centa a
pound lower than the American price for
I best product, still the freight and other
I carrying charges would soon bring tne
total cost to practically tha same one
' now ruling. , t- 1
Heat Imports Affect tittle,
, . Importations of beef from - South
American sections ha ve not proven the
! success that some interests have led the
'Americana to believe. - In the first place
i the cattle of that section is of rather
poor quality compared with the modern
' cattle grown in the United States. The
1 beef there Is xf the range of ferlng, and
, there is little really good finished stuff
to be had. Compared with our cheapest
grade of cattle, which is better than the
average offerings which ara available
in South -America, the prices here are
probably as low as the stock can be ot
talned elsewhere. 1
Then again, the American consumer
rrefers not only fresh beef, but likewise
freshly churned butter. The long dis
tance that foreign beef and butter would
come would of necessity cause shippers
to place it in cold storage en route.
This alone would take It out of the fresh
product, class and place It in the storage
. column, where It belongs. . , ? '
Foreign Demand Za Heavy. ' 1
-Europe Is today taking about all the
beef and-mutton that South America
and Australia have to offer. If there is
to be tan additional demand from . the
United States It would mean that values
In both of these places would be forced
lilgher and would within a-. short time
.come to the parity Of American values.
Such a condition was' shown in (Mexico
' several years ago.: Before the advent of
Americans Into, the cattle buying of
that country, livestock could be pur
chased at much lower prices than were
in effect here, although the quality gen
erally was so poor that few i American
packers who thought anything of their
rep utatlon, would havo ; the cattle for a
gift. lAter when the demand from this
country became qui to general, there was
a sharp advance in the prica and soon
if nonared that cattle values in the
United, States anft in Mexico wets on a
TV,k iVlr. in th ITnited States wafc
not hurt by the Mexican purchases, in
rapt it advanced -atill - further. ; It was
the Mexican stock that made the great
est advance. -nt soon met ms worm
competitive value -v -
The only possible effect that the Aus
' ;tralian-New Zealand-South American
'butter can have on the American mar
ikets Is to keep the price of tlje storage
.product from ruling too high , In t the
Winter Tnonine,'-..a uin
slight bearing upon the price of fresh
If the Australian and New Zealand
butter makers Intend to do any business
in thia Mimtn, thtcr will be compelled
to abide by the pure food law. At the
present time a marked percentage .of
the outpu,t of-those countries is either
directly preserved with borlo acid or
else has a trace of It. Either would ex
clude the product from this country.
III CEREAL MARES
General Conditions Almost Stagnant
-Russian Shipments .Affect- ,
tag Wheat Trade.'
1 ? i
Paring Aanst It Was More Than
f 20,000,000 Greater Than a Tear
' Ago While Import' Were ! Less;
' Money Situation Beassnrlng.
By Henry Clews.
New Tork Banker.
Our foreign trade' In August ' snowed
an Increase or mora than sgv.wuv.uuu
over last year,, while Imports were f 1T,
000,000 less, the latter aeeuns oeing
probably due to tha tariff. Now that
tha new rates ara coming t into foree
we may expect -larger arrivals of for
sign, goods. We may also have to get
over tha fallacy, that international pros
perity depends upon an excess of mer
chandise exports; since several of the
richest countries in the woricv notamy
Great Britain, , regularly show -an ex
cess of importa All the Items of in
ternational commerce, such as freights.
commissions, securities, remittances.
etc, do not appear in tne mommy iraas
t&tnmenta: And without these an exact
knowledge of affairs is Impossible. It
must be tasen tor graniea, nowarer,
that 'foreign trade is striotly a matter
of barter, and that, in the long run it
balances Itself and is profitable or It
would not oe continues, una sausiac
tory feature in our exports ia the ateady
growth of manufactures, which now
constitute about 16 par cent of tha to
tal. This compensates for tha loss In
food products, which, because wanted
at home, only form 21 per cent of the
total. - . . , .
The home monetary situation is fairly
reassuring. .As just said, there is no
danger of a crisis such aa was antici
pated some months. ago. Business has
been slowing down Somewhat, and this,
in conjunction with the assistance af
forded by the treasury for moving the
crops, has averted ail disaster. Eu
rope, nowever, is not in as conuortaoie
a position from tha monetary point of
view as ourselves. The markets of
London, Paris and - Berlin, are still
choked by excessive new capital Is
sues. This has become ao extreme that
Tendon , bankers have'- been driven to
reach a common unders tandln g f or dis
continuing all underwriting until finan.
cial conditions improve. For example,
a recent .New zeaiana Joan ror
000.000 was a practical failure: more
than, 80 per cent being forced upon the
unaerwriiers.-aii oi tne Dig Danas or
Europe are 'now engaged in protecting
their gold Bupply, and a further advance
in the Bank of England rate is among
the early probabilities. The political
situation in Europe la clearing some
what, and there Is less anxiety concern
ing, the Balkans, but . attention is now
being diverted to the Mexican problem,
which is quite likely to receive serious
attention 'from ,the great powers 4n Eu
ropeEngland, Germany and France
all having large Investments in that
SHOWN FOR VHEAT
Chicago Trade Ia Very Small With
. Only Fractional Change' In
, the Price Yesterday,
SHOU LD ALONE ' MAKE- PRICE
A FRAIL FOUNDATION!
1 , i t !
New Drouth Resister May Prove a Big
Thing in Making This premier CbrnSection
Tnere was a generally quiet tone moat
of the week ia the cereal trade. The
nmall volume of business that ,passej
for- wheat was . scarcely sufficient to
firmly establish quotations. While mil
lers - continue to purchase practically
everything that is sold in the market,
few of them are really een to take
. hold. -
The ' ttueslan situation eontlnnes to
dominate the world's wheat trade, and
there has been no recent demand for
. cargoes from the - Pacific Northwest
The long continued lack of appreciation
of our' wheat by foreign Interests this
season is scaring some of the trade and
lew are willing to buy anything ? ex
cept for immediate needs. ,:' .?
, Thj raima craln market was nominal
during the week. Little business passed
for either oats and parley, xne ior
mef market waa generally quoted with
a. loss of 60a a ton. There was no anap
tb the trade in any quarter.
The hay situation is one of strength
especially for alfalfa and timothy.
Prices In the' former line have again
been advanced with more limited Of'
r.rint hv tha Interior. . . ,
Miflstuffs are quiet with a sagging
. A small amount of export flour
business is reported but trade generally
l n tjinrlKtill
wteElAawNomlnal producers' prices,
track fbaals: Club, 78c; . milling blue
Ptem. te8ci Turkey red, 83c; forty-fold.
7ic: red Jtussian 'ana hybrids, 7cj vai'
riAKLEx" -Nominal producers' prices,
track basis: v-.Feed,, 125.00; brewing,
$25.60 w.oo; rolled, ZB.to per ton.
OATS New, feed, 126.00 025.60; mill
. lnr I25,0 toer ton.
lLOUBrSelllns price: Patent. 14.70:
Willamette' valley, 70; local etraight
f s.tt&4.10; export. 3.658.7u; bakers',
a r.i)fio4.70. if -.
1 HAVr-Px'm!a',a' prices: Wlllametle
i 'alley timothy, fancy, in.00 14.50;
, eastern uregon-ioa.io tancy timothy.
1 t.ts, 11.00 12.00; clover,, $9.QOi310.00
i pr ton. , '
MI LLiSTUFFft -Selling price: Bran,
' Ji0.60i2i.00; middlings, tlMOOSO.00;
. bhorts, J2.602H.OOper ton.
, CLOVER SEE! Buying price: No.
1 red, country points. Vkc; fortlan
I lOe; Alatka, UCHcm1 )V , ,
Ship Jamloson ProdncU. :
' (Bpvelsl to' The Journal ) '
' Jamieson. Or.. Oct. f B.-There was
total of five rarloads of peaches shipped
from the Willow River valley this fall.
, JamifKon alon has 00 acres of fruit
. Just bout ready to bear. -
' One carload of honey was shipped
to Seattle - from here a , few davs asro.
Tw carloads of potatoes will be ready
; to whin in about a werk. Two have al
. ' ready been shipped. There will be about
; total of 10 carloads of potatoes
. !T"j.-(j rrom this vauey this ran.
' There were a'o approximately 100,000
i Vend of sheep shipped from Brogan this
Chicago, lit, Oct. 15.-The narrowest
wheat market for many days was re
corded for tha Saturday session. Bot
tom prices for the day were made in
line with a somewhat unexpected dip In
corn futures soon after the opening. An
hour later shorts in wheat were cover
ing on a slow rally, chiefly because of
a strong rebound in coarse grains, '
Early cables told of realising sales
and heaviness at Liverpool, due to Brad
street's figures and Modern Miller's re
ports from this side overnight This
action was followed by a rally, based on
active demand for wheat from the con
tinent and firmer holdings of both
Manitoba and Russian wheat. It was
noted that outside markets In this coun
try were rather, firm all day.
St Louis No. a red wheat was lo
higher and indicated a further Increase
in premiums on soft wheat there. A
l sane street leader, arter selling De
cember on tha early dip, became a good
buyer of May. taking $60,000 bushels
off the market. Northwest houses de
clare that comparison of receipts and
changes in stocks at terminal, markets
from now on will be bullish, because
the heaviest movement of spring wheat
last year was two or three weeks later
than this season. Millers took 10,000
bushels of wheat here, mostly Soring.
Tha market' was wanting in snap all
day and much of tha firmness after the
first hour was traced to. tha better sup
port In corn. ,i . i : ' , -
$ Local . bear operator . la the ' corn
market Ignored the, strong and higher
Liverpool market at tha outset . today.
Belling pressure caused the early de
cline, wtrne the pit traae was selling,
commission houses had well distributed
buvinsr orders to absorb tha oorn. .- Of
ferings i dried uo verv : suddenly and
hemed by some soeeiai sunoort from
ouii . leaaers ana acuve covering y
early short sellers, prloes advanced to
K ana. in The. way closing practically
the too. Forecast of wet and colder
weather was a bullish feature In this
trade The sample market was steady.
and shipping sales were: reported at
220,000 bushels. -
Kanae of Chtcaso oriees furnished by
Overbeck St Cooke company, 216-117
Board of Trade building.
42 ' 42
1080 ;. 19T
Oct ' .... ... ' .'
Jan. ......... 10A3 ' 1085
lUy .1070 1080
Oct 10M J060
JD- .........1060 1067 ,
May ........ .1067 , 1070
08 " .
' By Hyman H. Cohen. ' ;. '
h Corn growing in -Oregonand 'other
states of the Pacific northwest Is to
day scarcely an experiment for It has
been thoroughly demonstrated thatthe
cereal will grow to perfection It proper
care ia taken in its culture.
Tha cartoon by 3. IX Murphy Jn last
Sundays Journal which had for its text,
"Big stalks from little kernele grow;
why not plant the kerneir seems to
have bit the situation squarely, in the
Th matter of growing oorn in
Oregon.1 Idaho "And Washington Is cpnj
fined simply to planting the nroper kind
or seea, ana tas-ing cars ,y
Ki. mil other oereala Will grow
without this needed attention if tha seed
im planted, but where proper oare is giv
en the plantin la generaUya success.
iieias or so to aw iob i
per acre hays been reported from vari
ous' sections of the Paciflo northwest
and the quality of the cereal has been
eniiv tin Trt r n a r rruwn in any ui iu aw-
called corn sections of tha United States.
Hew srontn xesisxer.
There are aeveral seotloni in the Pa-
ti nnhwa thafe tiava n Ideal ell
matlo conditions for tha maturing of
corn, Tha only drawback heretofore has
been tha laok of a corn that would be
drouth resisting, i A new seed of , this
character and of. good quality has been
discovered in tha southwest and Its use
Sromlses to revolutionise the corn ' ln
ustry of tha country. Conditions in
that section are Tery iimiiai w v' "Y""
of the Inland Empire . of the Paciflo
northwest. The foflowlnsv articla from
the Forth "Worth, Texas, Star-Telegram
will -therefore be of much interest to
prospective corn growers: i
"Kaffir corn, milo maise and several
other strains . Of non-saocharina . sor
ghums or durras have been wldely Plant- i
ea ror ins pas jru w
of these may fairly be classed as drouth
reslsters, but not to tha extent that is
desired: under extreme weather condi
tions they fall, as was the case- this
year, -when millions of acres failed to
tlBfantnrtlv at atL Black hulled
white kafflr corn has been the general
favorite among tnis ciass ox oropa, oui
Its long period of growth gives too much
opportunity for the drouth and lneecta
to get It -It "waits for-the rain.' but
this year It waited-; in valn in most
? laces. Mllo tnaise Is earlier in maturl
y, and Will often get by with .a crop
of grain when kafflr cannot, but It
too, has failed when needed tha most
XHsoovered In Oklahoma. -
About four 'years ago. John Bchribar.
a German farmer residing In Garfield
county, Oklahoma, began talking about
a new grain and , forage crop whioh ha
had produced by crossing two or. throe
atralna of sorghum obtained i.from
southern Europe and northern Jndla,
while on a visit there In 1807. People
to whom he showed his maturing orop
all realised i that It poasessed . much
merit but at that time all crops were
godd, and fsw paid much attention to
the new grain. Moreover, Mr. Schriber
had hut a verr Small natch then.' hav
ing practiced careful selection of seed.
In 1812 he had an acre or two, and It
produced at the rate of about 0 bush
els per acre, while the kafflr and malse
fields yielded very poorly, in tha same
locality. From that orop he sold a few
pounds of seed each to about 80 farm
era, mostly ln; Garfield county. This
resulted in that many small, fields or
patches being planted this year, besides
two fair . Bisea neias . grown . oy mr.
Schriber. Several of these fields were
In tha Hillsdale neighborhood, about 20
miles northwest of Enid, where practl-
CORSt INTEREST HfCIlEASINa
' , , " . ' ' i-. -t '.
Interest, In corn growln is,; lo
creaslng at ail Paciflo Northwest
points.' The . fact that . corn"" will
safely mature' In many sections of
Oregon, Idaho and Washington has
been ' a big aurprise to,, many pro
ducers. . 'Seemingly' the most' im
portant thing about successful corn
growing -la to get aultable- seed.
Much' climated stock has been grown
In the Pacific Northwest during the
last few sea'sona. Yields of from 60
to ioo bushels to the acre) hare been
reported , from various . sections.
Proper care la essential to forcing
big yields. The discovery of a new
drouth resisting corn In the south
west means much to the semi-arid
lands of the Paciflo Nortnweat,'. .
OF m YORK TRADE
severe Weakness i:
'..',,.,.,"..". i., 'i.: .V ..:.u ' i 1 i. ,. "if i ': '' '''..)' 1 ' . "J "
TRADE' DURING WEEK
Stock Market Ia Irregular at .the
Opening but Slight Rise Is Forced
Later by Sulllsh Interests; Blexl
can Events Are Followetl. '
Ifsw York. Oet 2-Early irregulaj
lty In the stock market was followed
by- auiet strensth and a resumption of
bullish operations In the last half hour
Dy interests wnicn nave ueenvurouimu
with working 'for an extension of - rise.
This .was reflected by a amart upturn
but taken as a whole there was nothing
In the news of the market to account for
tne hardness. -
. Alvlnra with ree-ard to Mexico were
meager, but It was nevertheless general
ly felt that tne outcome or tne eiecuuue
scheduled for Sunday would afford a
rather fair Index aa to what may be
expected from now on. .
- AAvtnna aa tn tha state .of trade de
note that Irregularity predominates, in
most, lines ana mat tne steei ana iruu
trade Is quieter until signs become more
distinct of' a revival in the Investment
demand for obligations Wf mixed ma
turities, which, when me same. mater
ialises, will, denote a return of confi
" Range of New York prices furnished
by Overbeck A Cooke Co, 116-217 Board
of Trade building: -
OpenlHIsh Low (CloeT
FEED 1000 HEAD STEERS
Big Bunch . Goes on Alfalfav Ranch
at Jamlesont Will Be Mar
keted In Portland.
Jamteson, Or., Oct 85 One thousand
head of fine looking steers have been
plated here to pasture on the Oxman
alfalfa ranch by, the Oregon Livestock
company. Thev were forced from the
hills on the account of snow. From
here they will be shipped to Echo, where
they will be fed for the market at Port
land. About 8000 tons of alfalfa hay
has been purchased in thia. valley for
iiure leeuing, - , j
; -i . - 'j "" " )i""S ti ' w it
f 7 San Francisco Barley Oallsv .
San Francisco, Oct 25. Barley calls
. - ' Open, ', Close.
December ..;:..lSH '' 188 1
May -,k...M..,.,.146 A . 16 J
oally no rain fell during , May." June,
July and ? August v Othase '.were near
Enid, and still others were In other
paru'of the oounty. .The attention of
the editor of the Interstate Farmer was
..n.A i, thesa fielda and oatohea in
July, and the writer drove to nearly all
of them, to make, personal inspection,
and for the purpose of comparing it
with other crops, particularly fetazita,
which Is very closely resembles - so
closely as to be confused with It In
some instances. . it iuj
th(. artinio tn rfesorlba this new srraln.
which so far is only known aa "Bohriber
corn," and to give to the readers of this
paper tha results of these examinations
and comparisons. ' ,
,st neiae nature.
Bvery known field of "Schriber oorn4
planted before .July 1 haa matured a
crop, frequently right beside kafflr
and mllo malse that soored total fail
ures. In no Instance was a field or any
?art of a field of "Schriber oorn" round
o be fired, wilted or in any manner ap
parently affected by tha drouth or beat,
even though the meroury stood at 110,
hot wind was blowing, and there had
been no rain whatever since the plant
ing of the crop. Tha leaves did not curl
In midday, as do tha kafflr leaves, but
seemed as fresh and vigorous aa though
the season was good.. It appeared to
make no difference at what stag of
growth the heat caught the growing
plants, they were absolutely unaffected
By it or apparently , so. Repeated visit
to the same fields, growing under the
most trying weather condition ever ex
perienced here, proved that there was
no checking or halting on the part of
.the plants, hut they grew right on, and
matured la spite of all. The heads all
filled and' there waa a Uniformity that
was remarkable. It was1 not merely a
few favored stalks here and there that
reached maturity, but ail did so. s
talks Grow High.
The ' stalks grew between five and
six feet high usually. The heada aver
age about . eight inches long, and
nearly three inches In diameter, com
pactly Constructed. ' Soma c heada are
over tan Inches long and In a normal
season, properly planted and cultivated,
they, would undoubtedly average larger
and heavier. Tha grain Is muoh larger
and softer . than ' kafflr, almost pure
white, - and -i limited feeding tests fndl-
Aiualuiusted Cower Oo.
Americas O. Fir., a..
Amarleaa Cotton Oil, e..
AsMricaa Smelt :e..
americaa emeu, pi.
AIU. 'ABt. m IHilil .
Aaaconda aUalof Uo....
Atctilwo, pf. ..........
Baltimore A Ohl, ..,.
Brooklyn Rapid Traatlt. .
Central Leather, f...f
Central Leather. pf..i.
..... r ...
vol. a w. tv
Chicago, O. W, pf..
ViCU, At. S DC F..l
Chi. iV N. W., ..,
Chino Copper .......
Colnrada r.' A 1.. a....
Colorado Bouthera, a....
Cora Products, e......
uorn rroaucia, pi. ......
Delaware at . Hudwo..
. . . ,".-. . .
Deaver B. O., pr....
una. w iii.i.iiiMi.ii
Erie, 1st pr
General Klaetrlo ......
O, Northaro, ore laads.
Q. Northern, pf. ......
lee Securities .........
IlllnoU totrai. ........
1st MetropoUtas, e...
Int. MetropoUtas, pt.
Kaa. Olty Soothem. ..
oi., a,, a c. ..,..
M., K. Tm, pf.. ......
Missouri Paciflo .....t.
new jibtwi ........
New' Xof k Central. , . . , .
N. i., O. w.
Northern Pacific, e. ; . .
Padflc Hall cf. 8. Co..v
P. 6. L. & Co
Presaed Steel Car c....
Preased Stsel Car, pf..,.
Bay Coos, Coppar....
Heading, d pf. ........
Heading, 1st pf.. .....
Eapublle I. 8.. .......
BepubUe I. A 8.. pf. . ..
Reck Island, pf.......
Hock laland. pf.
Bt. L, 8. K. M Pf-
st. l. a a. it pf.
Bourhern Paciflo, 0....
Southern Hallway, e...
Bouthera Railway, pf . . , .
Texas A Paciflo. .......
T., St. L. W., ....
T St. U W P.
Ualoa Padf lo, e. ...... .
U. 8. Habber, e.........
U. B. Btsei uo., a......
. . I
utan vwpper ...........
Virginia uienucai. ......
Wabash, e. - ........
W. U. TaUgraph.......
Wlseonaln Central, e,
a so (
With Not Scotlan Season at Height
' ' Enrope Will Secure Its Full "
(1 't fteonireinenta. - M
Indlcatlona ara present which would
tend to cause a alight lowering of apple
prices abroad during the next few
weeks. Nova Scotia is now In the midst
of Its heavy shipping season, and as the
bulk of these apples go. to Europe, thia
will- have a direct effect pon the mar
katlnar and nrica of apples abroad. , r S
One of 'the real good features of this
is that it is not likely; that the Nova
KKnii.n ataason will extend mora than
a. month. This therefore will leave tha
bulk of the holiday traae for the Amer
ican offerings. - '
Roiant Mim in the apple market at
Pacific Northwest points, indicate cau.
lion on the part of buyers. . While
some high priced transactions have been
nnted for anerlal account and for es
tablished brands, still there has been
little tendency to take hold of ordinary
offerings-with the exception of Jona.
thans. Jn this variety there baa been
eate that US value in that respect Is
high. . It tests upwards of 80 pounds
to tha meaaured bushel. The rstalks
and leavea are all greedily, eaten by
horses and cattle. - . .
Part of the stalks branch from - the
Joints, and each branoh produoes a
head, smaller than the main head, but
all mature the same also grains. The
root system is slight' and the roou
nnimntlT An not run rieeo. ,
ft so happened that all tha "Bohriber
corn"' In existence waa planted la tha
region of the greatest drouth, and thus
th moat severe test possible was given
It r ) ' ; f
Waver Aarala Siaoovarad.
' lis order to establish tho identity of
this new grain and fix Its classification,
sample heads were sent to the depart
ment of agriculture at Washington and
to several states' experiment stations.
With one exception, all these authorities
state that it Is botanically different
from feterita, or from any of tha known
crops. To the ordinary " observer, tha
frlncipal difference between known fe
erita and "Schriber corn" la that the
latter la muoh more vigorous ana uni
form in growth. Choicer heads from
feterita fields compare favorably With
heads from ''Schriber corn fields, but
In no - circumstance under , observation
was the average yield or aBpearance of
a known ' feterita r field equal to the
other. On the Garfield county state dem
onstration farm, near Enid, the feterita
grew on after the kafflr and mllo died,
but i did i; not : -mature properly, ? while
"Schriber corn" a mile nortn, ana an
other field a '-mile south, -under exactly
tha same conditions,, matured perfectly.
At the aame time, there were a few
large, well filled .heads In the feterita
field. This same difference was quite
generally noted in practically an oi tne
comparisons made. . ,
i etertta is a comparatively new grain
that has made a fine record as a drouth
resister and grain producer the past
few rears. . It is becoming fairly well
known, and. as statedw&bove. Its appear
ance la substantially the same as Bcnn-;;---r-i-j, nt. MP cent
bar corn.", .a O. Churchill, agronomist W;74"? SlSf.?i7
at the .Oklahoma experiment station. I
Leo that "the feterita. seed scoured i
end grown In this country! waa of great
variation in its ootanicai cnaracter, ana
In 'several other respects. " The glumes
or chaff may be black, reddish, pinkish
br white, ana may Do smootn or suzsy."
Mr. Cburohill evidently uses thei word
"feterita? as a general term, and classes
under It Several types, Including "Schri
ber corn." This view Is not. concurred
in by the other authorities consulted.
R. v. Edwards, Mtrperintendent of the
United States experiment station at Chil
llcothe, Texas, ahd 11. B. Rothgeb, sol
entlfio assistant government experiment
farm at Amarlllo, Texas, pronounces thg
samples submitted to them different
from feterita, and class them aa hybrids,
aa does Professor Leldlgh of tha Kansas
station, ' ' -
' ' Premier "Drouth Beslstar, '
' But whatever its botanical classifica
tion, "Schriber corn" has In this ex
treme year universally proved - that it
la the premier drouth resister. Of this
there is not the slightest room for doubt
It haa Droduced at tho rata of IS to 40
bushels per acre, on thin land, without
one cultivation, and practically without
rain conditions under v which kafflr,
mllo, cotton and ether crops have wholly
failed. There are hundreds of reputable
eye witnesses to these facts. One field
grown by N. P. Hill yielded a trifle
over -B9 bushela , of cured ' grain, by
weight" per' aore. This waa on good
land an old alfalfa field but In. tha
drouth section. I
Total sales 78,000 hara.
North Tort land Market Ia Severely
', Lower la Both tdnesj Drop In
, Swine About 60 Cents, but North,
Portland Is Still Highest, ,
' PORTLAND LIVESTOCK BTJW
ending ' Hogs. Cattle.Calves.Sheepk
Oct is 8507 ' 2000
Oct 25 660 '" 1862
Oct. 11 ,.... 8867- 989
Oct 4 8855 , 1291
Sept 27 S3HJ ' 1634
Year ago. ti. . 487S . 1 996
9. years ago S109 AZU
-. ' JBy Xlymau II. Cohen. ,
." This has been a very eventful week 4
in tha local livestock trade.- Weakness' ;;
of a rather severe character. et in both
the swine and cattle) trade and the
outlook for tha immediate future , in
both lines ia far from the best -
There was quit a liberal increase in
tha marketing of hogs at North Port
lnnd during the wouk. Prloes showed
strength at one time With sales rather
higher. Then values began to strike the ;
toboggan and every shipment seemed -to
add to the weakness in the trade,
until the total drop tot tha week ag
Notwithstanding this rather heavy
loss In the price, here. North Portland
continues as the highest market ' for ,:
hogs In the entire country. The best -figures
available at any point in the
east stand no higher than $8.28: there
fore local values at the closing of the
week were a dime above the bast obtain
- While this differential is the small-'
est that has existed between the trade !
here and In the east for some time,
still It Is fully what can be expeoted.
There appears no very rood reason at '.
this time 'why prloea here, should ba
above a basis where stock can be ob-
talned elsewhere. At competing centers ;
it is a walkaway for North Portland to
take supplies from ether sections,- be
cause the net - returns to shippers ara .
better. - . f -
General hog market rangei
Top killers ....(.. .' . t-la .
Good and light ........ 8.15
Heavy .... . 8.10 8.18 ,
Bough and heavy.... ...... 7.607.76
4, Cattle Weakness Intense,- -'
Weakness tn the cattle trade at North1
Portland was Intense for the last six"
days. There was a fractional decrease
in: the run as compared with the prev
ious week, but klilora had -more than
their requirements, therefore took a leas
hopeful view of prices.
Perhaps an influence of weakness In
the local trade was the bringing of A (
carload of Auatrallan fro sen beef to tha
tra.de heaji by a local meat company.
This Was t&a first shipment of foreign !
stuff to be received here, but from what :
Is heard among the retail interests, the
shipment was by no means the grand
success that - some believed It would :
be. While the Australian stock arrived
in a good condition, the faot that It
was froxen and that the trad here had "
little if anv facUlUes for the handling
of meat la suoh condition, the experi
ment may prove a boomerang; to those
that have all along believed that the
Araerioan cattle market was going to
tho bow wows as soon as the tariff was
taken off,' . . 4
General cattle market range:
Best ateera ... ...-.$ 7.8 S7.S5
HOP MARKET IS SICK v
WITH PRICES LOWERED
V " . . . ' ' i - A.
Sales Made Down to 20 Cents "With
Short Coveringj Buyers Ajt ; 1
1 Afraid to Purchase. .' '.,'''
The hop market
is sick. Tha nrtne
to 20o a nound for best
offerings." Business of a' limited na
ture Is shown at this figure for the
aooount of short sellers wjio ara cover
ing. 1 Foreign Interests are entirely out
of the market and no recent cables tell
ing of European conditions have . been
received here... w 'K-':?.'. . i.'t-i '-.
.American brewers have been quite fair
buyers recently, but everyone seems to
be holding off at the moment in the
fear that they would offer more than
ttie goods could-ba purchased the next
24 hours. J
rather, liberal business offering but the
bulk- of .the stocks have already been
clemed up. . . ' -
The rail for Enltzenburr has : bean
dlsnppolnting In the extreme but most
noiaers are asatng xuu prices.
Money and Exchange.
London, Oct 15-Consols, 71dj ell
York. Oct IB. Sterling exohange
long, M.82t short, !.. , Silver bul
lion, 80c. ' ' ' " '
-nan Franotsco. Oct 28. Sterling 'ex
change Sixty days, 4.80i sight 14.86;
documentary, 14.79 T4. Transfers Tele-
graphlo, IV per oentj signt, i par cent
TJnited States Government Bond.'
New Tork. Oot' 25. - Government
bondsi . . ,-..' . - , ' ,
' 1 sua, - , ask.
registered 17 M
do oounon ......,.... 97 ', .99
Threes registered ....10J14
io coupon ,..,!;
Fours registered .i(....,,.H0
s" ' MBMBBBg ' "Y " '
' NEW TOKK STOCK EXCttANCM .
NEW TORK COTTON EXCHANGJB
r- riiminn ttrtATin OV TRADB
THS STOCK AN1 BOND EXCHANGB
089 Oak Oronnd lloor, Xiewis Bldg,
. -, raoias jnuuaiiau vuv. ' Tn.
Ordinary steers ...,,..,,
poor steers ,j.i.m-mm
Best hel f era -. '
Best cows 7 '
Medium co Ws .v..
Ordinary bulls ..... . 4.80 6.00
Fancy stags ................a.. 6.65
fancy nuns .... ......
Prima light calves, . 8.809.00
Prime heavy O.607,60
' - Bheep Wanes Very nrnt
There was a very heavy decrease in
the marketing of mutton in the North
Portland market during tha week. Be- ,
celpts were but 2668 head, compared
(Continued. ' on Following Page).
a sat Sea
mmm ' aatUns ' '
tram NSW YORK
ha are nnuTfce snira tmmm asa.
anvld'a m waadwa. an ar SrllM Mai 4mm, aha
Mlatane lhaaa Miw-
vithooa ebcun a eata, aiililna)
AiisjL Lmn. Modtm. Tui-Scm9 SttOMtn
Cnneronla, Cciornla, Caledonia, Cotaniia
TUSCANIA, 14,000 tons, (Building) -;
v.'".' wm4 wH Wlralm WiainliK mi Blsra ! urn
it tbawlu Bonaa, LountfM, Bmokxag Hula. OlilmUaSa ,
. . . tamkwlr Apvalutod Uilue ao inoal OaHa.
tnasrpausi TOM Clin FuRr Fornlhsa-Uw Idea
Sjaa Im i i hil iiaiila ml laialllai nf I. 4 aart f iaaa, ',
asooao passaos bays, is hours) '
IJeclltcrraiiean Service from New-York
First Cabin Fasssso to Rapist $69 and ft
Third Class a! Very Low Rates.
Aaaker Una Drafts Payable Free at ensise
,, tr Bwfc ml Tom. ,,a. awr a
' ' afSWOBRaOff BSOTMBIRS.oannA j
gg W. aartolpli at. S. S. Oor. O.ai aarw. t stasger
u. - - g. s. ut-LSSSO, asatle Waa. y :
COOS BAYLINE .
, Steamship Breakwater ': - .,
ails from Alnaworth deck, Portland, at a ,
p. so.,v erery Tueadny evening. Ireiitbt rs
eelved nntll 12 o'clock tnoon) oa ealUos day. .
Passenfar fare: ' Flnt elaas 10, second elaae .
(mea onlj) 7, lncludlns bertn sod aoeala. Tlok- '' ,.
et office at lower Alnawettb dock. Portland A
Ceos Bay Steamship Una. Phenee Mila 8000), '
A-SSSa. lu B. KeaUog, Agant '
Gem State Overloading Trade tn Its
; AnrJrty to lt Go; snipping '
CUQ la Iirnlted. '
' The present weakness in the potato
market so far as shipping stock Is con
cerned, is the direct result of the very
liberal offering by Idaho, which is soil
ing at extremely pw prices In order, to
unload. ' ' , ' ' '
-Were it not' for this 1 extraordinary
heavy offering by the tlm state there
is little doubt that not'only would bet
ter prloes be iln affect today,, hut -the
trend of the trado would be stronger
and the market Itself In healthy con
dition. At the. moment the weakness In the
markets east of the Bockles is rather
severe. 8o great have been the otfer
ings at Arlsona end Texas points that
most of tho shipments in that direction
have been relented upon receipt because
other shipments could be purcluised
from unwilling holiiura at less money.
Charter Not 4J14 x ;
THE UNITED STATES
NATIONAL BANK ,
OF PORTLAND, OREGON
Submitted to tho Comptroller of tha Currency at tho Close of Builnesi
"W 4 W ' f ' October at, I91S. , r Hv
"totns and -Dls- ' :NV !"
' l3f, . Bonds tt -
; v par t.ttSooo.oo
Municipal and Ry ,
' Bank Building. . . 125,000.00
''Cash 'and Ix-, ' ,' y j'"
change ...... 4,706,027.13;
Total 14,262,390. 14
' ' j,' ,n '( LUSlU'nES, m'v ',
Capital .. i . , , )$ ; 1,000,000.00 ,:'
Undivided Proflta ' 182,948.44 ,