.' THE OREGON SUNDAY JOURNAL . PORTLANETr SUNDAY MORNING NOVEMBER 116, 1913. , A 1
ITS TOO BAD B U T FO RE) G N : WH EAT - GF?0 PS A R E- TDEC REAS EE)
10
I SIIUATION IS
"ARE VERY ,
IF EGG PRICES KEEP GOING tJFM
ENM DAMAGE IS
AIDED BY THE
BASIS FOR.ADVANCE IN
E191ZIN
OF
JE WHEAT MARKET
Oopa' in India, Argentina and Aus
Henry Clews, .York Banker,
Chicago Market Strong AU Day
Hogs Alone Are Selling at the Same
tralia Are Much Less- Than Fore
AVrites That These Will Prove
When Loss to Crops Is Con
'Firmed; Europe la Paying Atten
tlon to Latest "Reports of loss.
Price as a Year Ago; Both Cattle
and; fiheep Are Higher; Cattle
Prices Lower for the Week.
cast; English Trade May Have to
a Fundamental Obstacle to Any
Pay for Stubbornness.
Kind of Trade Improvement.
CONDITIONS
LIVESTOCK
UNSATISFACTORY NOW
IN MONEY MARKETS
REPORTS
M
NO. PORTLAND
YARDS
Foreign Crop Reports
.Argentina While ralna have fallen
In the wheat sections during the
week, tb outlook for the coming- crop
is much less favorable than generally
anticipated heretofore. Crop expert
continue to reduoe their Ideas of the
yield, .
Russia The condition of the wheat
crop continues very unfavorable, and
srop estimates are reduced, generally.
Farmers art holding- their old wheat
for higher prices.
India Wheat crop outlook Is
mors pessimistic, and it Is unlikely
that India will have much grain for
export- the coming season.-'
Australia While some "Improve
ment his been shown In the wheat
crop outlook, the estimates are con
siderably below previous ones.
I By Hyman H. Cohen.
: , , - Van confirmation has been received
lot severe crop damage to wheat in Ar
1 gen Una and similar advices have been
. (available from India and -Australia.
i . Ail doubt of the smallness of the
. coming yield In Ind.la has vanished. This
and the Argentina crop have been flg
ured by European interests as a bumper
' ' tor the coming season and world's wheat
(prices have been mads accordingly low.
.. I Then again the European trade has
... 'figured that it could play the Russian
wheat grower against the rest of the
(World and thereby keep values down to
I the. minimum. This abuse has been so
severe that the Russian government has
4 stepped Into the breach and has finally
i decided to tlnanoe Its wheat growers so
they. will not need dump their supplies
. I upon a market that Is paying far less
I than the grain Is worth.
- Situation is acaob Bettor.
' Taking the world's wheat situation
,' as a whole, the outlook la for the moat
fTomlstng of the season to date. While
t Is qufte likely that a few rains in
Australia, India and Argentina may be
I used as a basis for foreign Interests to
batter the prices down, the situation is
.much mors hopeful than even the most
- 'enthusiastic could wlah. Every detail
I of the crop news from abroad fully con-
' .firms previous forecasts made by The
Journal that there never was a full
(crop of Wheat and would likely never
ibe one.
, ( The bearlshnees of English Interests
- . In the face of the crop news Is one
'f the very significant features of the
world's tw.de. There has seemingly been
but little improvement In the demand for
- - -argoes although It la known positively
. i that Europe has bought less wheat than
. .usual and its home production was
. somewhat less than bad been previous
ly forecast
There is little doubt In the minds of
. leading statisticians that Europe will be
- forced Into the wheat market within a
'short time and will be compelled to pay
,f or- its former bearlshness and disin
clination to purchase.
Must Stop Consignments. .
"- 1 There la something radically wrong
iwlm shippers when they will persist
in consigning wheat to the California
marKel wnen uiey Knew, or should
.know, that every time they do It, it
i has a very bearish effect upon the trade
and prices there.
, ' California buyers are peculiar In their
I attitude. It has been noted time and
' itlme again on the Ban Francisco market
'that whenever there was no wheat be
ilng offered on consignment, the trade
I there began to bid higher prices but
; weakness and lower, prices have gen
" orally resulted whenever this section
thas been Inclined to consign freely.
The only way to deal with the Califor
nia situation Is to stop shipments there
until the southern trade finds Itself in
i a position to buy and pay the prices
. , current In other markets.
- . Ooarss Grains Are Stagnant.
Almost complete stagnation Is shown
iln the trade for coarse grains In the
markets of the Pacific northwest But
'little business has passed In either
. louts or barley during the week. Prices
' , ;whils showing little change, are decided
ly weak and buyers are not keen to take
" 'hold even at lower bids.
t No Improvement Is showing In the
.flour situation. Prices are unchanged
r generally for patent and export gradea
( WHEAT Nominal producers' prices,
- itrack basis: Club, ?97ttc; milling,
bluestem, 889tte; Turkey red, 86c;
fortyfold, 80c: red Russian and hybrids,
i 78c; valley, 80c.
: f BARLEY Nominal orodueers' prices,
itrack basis: Feed, $28.60; brewing, (24
tl5; rolled, 125 per ton.
1 OATS New feed, (24. 60 25; milling,
,$15 60 per ton.
FLOUR Selling pries: Patent H.4Q
)&.46: Willamette valley, $4.40 4.46
ilocal straight. $3.854.10j export, 13.60
'drllflB; bakers'. 14.26 O 4.45.
' HAT Producers' prices: -Willamette')
(valley timothy, fancy. (14; eastern Ore-iron-Idaho
fancy timothy, (18 16. 50; al
falfa, (18.6014; vetch and oats, (11
i12: clover. $910 per ton.
t MILLSTLFKS Belling price: Bran,
V ,$2o.6021; middllngs, (29.60030; shorts,
122.60 23 per ton.
; !, ) CLOVER SEED Buying price: No.
: ,1 red, country points, 10 11c; Portland
delivery, Alsike, 14l6o.
of the
funda-
By Henry Clews.
The unsatisfactory enndttirsn
European monev markets la a
mental obstacle to any very marked irn
provement in security values for the
present at least, either in Europe or
me united states, in tnis country we
are relatively In a better financial po
sition than Europe. At the moment Paris
is the particular point of strain, and
mucn aepression exists at that center
Berlin Is In somewhat easier condi
tion. So. too. Is London. But the possi
bility remains of an advance In the
Bank of England rate, and acts as an
effective restraint upon many financial
unueriAKings. -..t
The knowledge that many millions of
new issues are still held Mbk await
lng a better market postpones anv re
covery in sentiment, suen as would or
dinarily follow the liquidation which
nas taiten place during the past few
months. It has also orevented anv re
covery that might have followed with
tne ciose oc the Balkan war.
There are aiirna of financial dlflMenl.
ties in London resulting- from the ex
cessive speculation in oil. rubber, Mar
coni and other shares, and doubtless
American stocks would have suffered
more had it not been for the low prices
at which they are already selling. At
the present time Europe is more eager
to acquire gold than storks, and the
latest shipments here afforded little
profit as an exchange transaction. Were
it not for these facts, we might count
on a considerable influx nf tha nrerlnim
'metal during the next few months. We
are snipping large quantities of pro
duce, especially cotton, hence the weak
ness in exchange and the possibility of
further gold imports.
it does not look, however, as if any
important amounts of tha nrecloua mat.
al will come this way, because under
the new tariff our merchandise imports
will expand and London is sure to check
sny considerable flow of gold to this
side. Fortunately our supply Is more
than ample for our requirements.
At home the situation nhnwi mtla
change. The anual elections have passed
off without showing any disturbing fea
tures . :
General business continues to show
Slackenlns tendenrv. This in ran.
firmed by declining bank returns and
frequently unsatisfactory reports of
railroad earnings. Failures are lnrrn-
ing In number and volume. No Improve
ment can -bs reported in the railroad
situation. Many of tha great, companies
are still embarrassed by declining net
results, even where the gains in gross
are satisfactory, and railroad credit Is
consequently at a comparatively low
ebb.
The great steel Industry shows de
creased activity. The largest producer
Is only using about 80 per cent of Its
capacity, and' Drices hav decllnitd nn
an average about (2 per- ton since mid-
summer. jn eirect or the new tariff
Is an element of uncertainty In the
steel trade; as tha English and German
markets have also been declining sharp
ly, and it is quite probable that mod
erate quantities of foreign steel may
find their way to the American sea
board, .jsuch arrivals, however, are not
expected to bq of Importance, except for
their Indirect Influence upon domestic
prices.
orn Growing Proves Success Wherever it
Has Been Given Thorough Test in Northwest
STOCKS MARKING TIME
New York Market Bather Slow Yes
. terday and Price Changes Are
'Few; All Eyes on Mexico.
New arork. Nov. 18V Trading in the
stock market today was dull and fea
tureless. Price changes for the most
part wers nominal. The Mexican news,
as has been the case recently, was the
chief topic of discussion, and as usual,
was conflicting.
Trade journals all report that the re
cession In general business Is well under
way and quite pronounced in iron and
steel circles.
Many are looking forward to the in
itiative of the element operating on the
buying side to be increased by a clear
ing of the Mexican affair, and It is not
unlikely that efforts will be made to
force a demonstration.
ftahge of Chicago prices furnished
oy uveroecK uooice company, zm-zii
juuaro. or xraae Duiiamg.
By Hyman IT. Cohen.
Up In Central Oregon they ars
howlng the rest of the Pacific north
west how to grow corn. They have
the corn-growing fever there ana every
one is trying to outdo his neighbor In
producing the finest specimens and the
Diggest yieias per sere.
Ud BroKan way they are growing
corn and showing the world that they
can grow It properly. H. C. Skinner
wrltlnsr from that city says: "An Item
of great importance, greater perhaps
than the fruit shipments. Is the amount
and quality of corn which has been
produced In and near Brogan. I was
raised in a corn country and on a
farm and I have never seen any better,
larger or better matured corn than has
been produced In this section.
"Messrs. Lanolr, Addington, Love
less. Breedlove, Woodard. Wagner, Cole
man and Mitchell have produced a large
acreage of splendid corn.
"No better corn can be shown In
Iowa, Illinois, Nebraska or any of the
COLONY WOOL CLIP
SHOWS AN INCREAS
E
Output "of "Sew Zealand and Ans
trails Is Estimated Greater.
Than a -Year Ago.
DK8CK1PTK
OFFER OF 24 1-2
! CENTS REPORTED MADE
Salem Advice Say Kola Nels Otters
Higher Price for Special Lot
to a Friend.
It was reported yesterday that Kola
NeiS Hop company of Kulem had of
ifered 24 c a pound for a select lot
of hops for which he had en order.
This is understood to be hi c above
what the general trade would have
offered on the same order, the com
mission being split.
Klaber, Wolf & Netter purchased
jabout 130 bales of hops at 22 to 23c
a pound.
A cable from England reported the
, market there stagnant. A New Tork
iTnessag stated that bop clearances
from New York during the season to
'date for London were 84,000 bales com
. pared With 14.000, bales at this same
time a year & ago.- Clearances for the
week for . London were 11,000 bales
alone. What effect these1 heavy ship
tments will have upon the foreign
.trade remains to be seen.
HOGS ADVAXCKf AT. BEXVER
Market 5 to 10 Cents Higher; Gen
. 1 . . eral Livestock Steady.
-;-tBjwHal te Tbe JpltraiM 1
' renvr. Colo, . Nov, 16. Hogs Re
rftirtn, 100; market, ic to 10c higher, at
'(7.fcN7.lI. 1 . :. V
i rattle Receipts, 1500; steers, (.C0(9
f.C0; eowa and heifers,, IS. 00. 46.
1 Hiieep Receipt. ) 000; yearlings, (5.00
48. 6 welhers, (4.254M.7&: ewes, (4.00
kM.KOj lambs, I.&0Q)7.S& , Market about
Amalgamated Uuiipar Co.
American u. a ray., e.
American Can, c
American Can, pf
American Cottoa Oil, o.
American Loco., e
American Suear, e
American Huielt, c
American Kmelt, pf. ...
Am. Tel. & 11
Anaconda Mining Co....
Atchtaon, c
Atclilnon, pf.
Ilultimnr St Ohio, c. . . .
Bret Sugar
Betnleuem Steel, e
Brooklyn Rapid Traoait
Canadian I'aciflc, c....
Central Leather, c
Central Leather, of....
Col. A O. W., e
( hi. a Q. W., pt
).. M. A St. P
Chi. a N. W.. c
Culno Cupper
Cheinpeake & Ohio....
Colorado F. a I., c...
Colorado Southern, e...
Consolidated tiaa
Corn Pruducta, c
Corn Products, pf
Delaware a llndaon...
Denver a It. U., c...
Denver a It. O., pf...
Erie, e
Erie, 2d pf
Erie, lat rf
General Electric
O. Mortnern, ore lands.
u. rtortuern, pi
ice Securltlea
llllnola Central
Int. Metropolitan, e....
lut. MetroiKjliUu, pf . .
Lcblgb Valley
K. V. Houtnern
Lonlkvlllo & NaahTlUe.
M., K. & T., v
M., K. a T.. pf
Misaourl Pad tie
Nutlonal Lead
Nevada Consolidated, ....
New Haven
New York Central......
n. v., o. a w
North American
Northern Pacific, e....
Pacific Mall 8. 8. Co..
Peuntflvanla Hallway..
p. ;., u. a o. Co.....
PrenHpd Htcel Car, c...
Preued Steel Car, pf....
Uny Com. Copper
Heading, c
Heading, 2d pt. ......
Heading, lat pf.
Republic 1. 4.B., c.
Hock Inland, e.
Kock lalaud, pf...'. ...
St. L. ft 8. K., 2d pf...
Ht L a S,. V., lat pt.
Honthern 1'aclflc, c...
Houthern Railway, e....
Teun. Copper
Texaa a PaclHe.....
luloa Pacific, c.......
II. 8. Rubber, c
C. 8. Hleel Co., o
Utah Copper
Virginia Chemical .....
Wahuh, c ,
W. U. Telegraph
Weatuighoune . Electric.
Wisconsin Central, e...
" Xotal sales 70,000 aharoa.
Open iHlghl Low Close
71Mi
28
88
20
02
92M,
2.1
!22fW,
20 Hi
12
88
27H
18
21.
714
28
88
03
oiii
2
2SV4
8i4
226
2SV4
12
88
27
18
27
123L123
08 ft
25
7SH
WO
10T
24
10UH
121
18
160
18
14
23
18 - I
1IW-
4
62
68
14
25
78
9o
. f . . .
. . ..
107
24 '
107
121
18(4
140
18
14
23
86
1)
lftl
40
62
Io
28
88
2U
62
01
92" '
28
28
86
2244
21
11
00
38
27
17
26
123
68
140
24
78
iie
2
1J
121
18
1!1
18
23
8D
18
150
64
68
49
2
70
28
88
29
107
62
119
34
92
07
23
28
86
225
25
94
11
28
IM
126
K8V4
06
27
27
127
63
150 ',4
17
27
28
83
40
181)
82
123
20
106
lTt
143
131
10
02
25
43
14
76
95
29
71
106
28
Hi9
130
'24
HI
18
10
84
83
184
86
21
28
18
150
54
66 ,
48
27
41
00-
44'
It is stated by Dalgety & Co. (Ltd.)
that, after obtaining as much Informs
tlon as possible from their Australian
and New Zealand branches with refer
ence to the present season's wool clip,
they estimate the Australasian produc
tion for the current 12 months at 1,407.
000 bales, an Increase of 160,000 bales
on the output In the 1H2-13 season,
when the net production for each state
was as lonows:
States.
New South "Wales.
Victoria ,
Queensland
uoutn Australia
Western Australia .
Tasmania
Bales.
861,000
301.000
320,000
140.000
72,000
84,000
Commonwealth
. 1.718,000
New Zealand 629.000
Australasia 2,247,000
it is predicted tnat there will be In
V. VUDVD ..VI.. ..VT. V. I. i 1 ...11 O, UWt.
land, Victoria, and New Zealand, but
decreases in tne case or Mouth Aus
trails and Western Australia, with a
stationary position in Tasmania and it
Is believed by the firm that the trade
will bs safe In accepting this estimate
as a reuaoio indication oi tne Aus
tralasian production this season.
The extiorts for the 1111-12 season.
which was a record wool rear, amounted
to 2,637,867 bales.
The, new clip generally throughout
the Commonwealth promises to be well
grown and sound, but somewhat heavier
in condition and stronger in quality
than last year.
Roughly taking last year's values as
an approximate basis, the Common
wealth and New Zealand clip this year
would De worth over it,uoo,uou.
KANSAS CITY MARKET HOLDING
Hogs Are Steady, Cattle Slow and
Sheep Strong In Yards, jf
Ksnsas City, Nov. 15. HogsfSO JO
Market steady. Tops, 8.u. ' i ,
Cattle 2000. Market slow,
fiheep 3000.
OMAHA SWINE QUOTED DOWN
Sales Made at Loss of Nickel to
Dime; No Other Arrivals.
South Omaha. Nov. 16. Cattle Non.
Hogs 7600. Market 601Oo lower at
7.6b(a7.80.
Sheep None.
CHICAGO SHEEP QUOTED WEAK
Market Has Only Small Ban bnt
Trade Is Not So Good.
Chicago. Nov. 15. Hogs 18.000. Msr
ket steady. Mixed and butchers'. (7.25
08.25; good and heavy, (7.SO08.2O;
rough and heavy, (7.4607.76; light,
(7.4608.10.
Cattle 400, Market steady.
Sheep 4000. Weak.
, ' m ii.
New York's Underground Workers.
It Is claimed that mors than 20,000
persons in New Tork city spend their
entire working hours beneath the sur
face of the earth. Included in this num
ber are the 3800 employe o the two
subway systems. ,
11 poor man makes a good philan
thropist in his mind. '. . . ... -V
middle west states. These states have
become rich through this greatest of all
food production and It Is safe to pre
dict that Malheur county will in the end
derive wonderful prosperity from corn.
It will brln- thousands to the country
and will promote the cattle fattening in
dustry beyond all precedent Hogs will
be shipped out of this section in train
loads as soon as It becomes generally
known what can be done with corn.
"Brogan Is particularly well situated
for the production of corn and fruit.
Nestled close to the hills on slightly
elevated benches, with the Willow river
canyon gently drawing the air through
its narrow channel, keeping a perpetu
al motion, there are no late nor early
frosts. Corn can be planted two weeks
ahead of any part of the middle states
and makes a magnificent and unchecked
growth, maturing at least two weeks
ahead of those states.
"Brogan is also fortunate In having
s class of farmers who are progressive
and willing to make trial of different
plants th they may determine that
which will produce the. best.
"Thus they have made a hit with corn
In spite of the pessimistic knocker who
has insisted upon cutting wild hay and
feeding sage brush.
"Malheur county has thousands of
acres of grazing land which will erow
the cattle and sheep, and now Brogan
has demonstrated that they can fur
nish the product that will finish them
for the market, thereby getting the
full value of the steer to help build
up our own country."
What has been done In Malheur coun
ty has likewise been shown at various
points in Central Oregon. What the cul
ture of corn means to Interior Oregon
is clearly stated by H. C. Skinner. There
will in fact be tralnloads of hogs for
the market from all sections of the
Interior when the culture of corn be
comes more general. There is no longer
excuso for anyone to refuse to put In
a fnw acres of corn. It will prove one
of the best paying crops that can be
grown. It will repay the owner well for
the time and money expended and It
will give the Pacific northwest an
other staple crop to add to its long
list of successes.
Com growing experts place much
reliance upon tne character of the seed
planted. Too much care cannot be ex
ercised In selecting the best corn seed
available. A few dollars more or less In
the cost of the seed will amount to
nothing when the crop Is harvested. In
fact the better the seed the more money
the crops will net. notwithstanding the
extra cost.
Now Is the time for farmers to get
busy about securing their corn seed.
They can secure better selections now
than later in the season and real good
corn seed Is not any too plentiful. A
good trial should bo given the cereal.
One season will not settle the matter.
Even In the best sections there are per
iods when the crops are a failure, there
fore failure to secure success at the
start is by no means evidence that tha
cereal cannot be produced at-a profit
In the Pacific northwest.
By keeping everlastingly at It success
Is sure to crown the efforts of those
engaged in corn growing- in the three
states.
Chlcasro. 111.. Nov. IK. From' flint in
last today, ths grain list was strong and
active at times, and moderately higher
for wheat and oats, as well as a further
sharp upturn in corn.
In wheat ths trade began today ss
higher Drices were influenced hv tha
advance In Liverpool, which was re
garded as a reflection of unfavorable
conditions in Argentina, Later direct
private cames counrmea serious injury
to ths Argentina crop within specified
UU1IU),
After the early bulge there was a re.
action and a second strong turn at the
plose. Regardless of liberal receipts at
nnvn nnrinwasr m aiir arsi rhia a-nsva. a
prices at Minneapolis end Duluth ruled!
firm and higher for the day. South
west trade seemed to share in ths bull
ish feeling with prices moderately ad-
ranceu,
Leadlns houses hera had a rnlv tn
Inquiry fn regard to light offers and
iirm noiatngs ox itussian wneat, saying
the government Is financing the croo
and owners-generally are very confident
of higher prices late In the year.
xn most important private Argentina
cable, for the day specified a total loss
of 1,260,000 acres In the Bahla Blanca
section and 1,600,000 acres elsewhere
wero badly hit. Thers is a tendency to
reduce ths estimate on ths Argentina
surplus.
Three features were noted by pit
traders at the close when ths market
was tnowinc considerable snan. One
was the disposition of timid shorts to
cover because unable to secure any re
action of" Importance. Another was
buylnar said to be against Drivileses
and a third Influence was ths report of
cash business of 200,000 bushels, and
on inquiry- It- was given out- that - this
included 176,000 hard wheat to export
erc me lirst sale -s.4Ws kind lor a
long time. The trade and the nublla
seem friendlv to the buvlnar aide.
- European -diplomats In Mexico urge
Huerta to yield to American demand.
intimating tneir governments are sup
porting the United States' oollcv. The
state department has resumed negotia
tions witn Mexico on tne oasis or the
elimination of Huerta from ths presi
dential office.
Howard Elliott says New Haven will
act on quarterly dividend about De
cember 10,
General Petroleum company of Cali
fornia passes to control or British syn
dicate headed by Andrew Weir of Weir
& Co., London., .
Braastreets- reports 306 business fail
ures in the united States this week,
against 241 last week.
Sugar planters fare estimated loss or
more than (10,000,000 through failure
to move crops unless Southern Pacific
strike U soon settled.
Mercantile agencies report that en
couraging conditions prevail In Iron and
steel trades, notwithstanding heavy
shrinkage in unfilled tonnage of United
States Steel corporation.
Twelve industrials advano .!.
Twenty active rails advance .(7.
Range of New Tork prices furnished
by Overbeck ft Cooks Co.. 216-217 Board
of
Trade building:
WHEAT.
New York Cotton Market.
Open.
Jan 1333
March ..... 1345
April ....
May
June ....
July .....
Aug
November
Dec
High. Low.
1336 1827
1347 1837
1838 1339 1829
Close.
1329 031
1339040
1327
1301
1327
1301
1319
1295
1331(5)33
1338034
1328030
1323024
1297099
1305014
1349060
1355 1356 1348
San Francisco Barley Calls.
San Francisco, Nov. 16. Barley calls:
Open. High. Low. Close.
December ......131 132ft 131 132
May 140 140 140 140
APPLE SHOW WILL ATTRACT
Dee.
Mar
July
July
Dee.
May
July
Jan.
May
J for.
an.
May
Jan.
May
S
Hlrh
8
Ooen
eevfc 66
eiu ik
68 88H
COBN.
to n
10 71
60 70
OATS.
88 88
42U 42
PORK.
.m....1059 2000
....2068 2000
LARD.
....... ..1088 1068,
.........1062 lwtr
1115 111
TUBS.
1100 1100
1110 1112
Law Close
01 1&A
88 88$ A
TOU TSJl A
70H T1U A
6U'2 70 B
88U 88 A
g 4M
2048 9050 B
2047 2050 B
1088 1088
1002 1002 B
1110 1112
lOOS 1008 A
1103 1107 A
livestock Trade Compared
Livestock prices ruling at North.
Portland are. still favorable. They
compare; ,
Yesterday. Tearsgo
Top hogs..,,,,,,., (8.00 i (8.00
Fancy steers....... 7.6S 7.26
Fancy cows..,,,... 6.35 e.60
Top lambs..,. 6.90 . , 6.60
PORTLAND LIVESTOCK RUN.
Week ending Hogs Cattle Oalvas Sheen
November 16 081 1720 80 7920 -
November 8 , .
iNovemDer 1. .
October 18...
October 11.,,
1 ear ago....
2 years ago..
4836
4889
3507
8867
4699
1614
1162
1747
000-'
989
1787
, 1718
60
,418
SI
81
138
(125
7288
.461 ,
(763
4908'
1099
By Hyman II. Cohen,
While ther was a verv sham Aanllii
in the pries of cattle at North Port
land durlnar tha week, little romnl!nt
Is Justified on that soore, although It
is perhaps possible that the bearlshnes
was more severs than ths situation
really Justified. ; .
Tods In the cattle market war salt.
lng at (7.66 at North Portland at ths
closing of the previous week. Last
year for ths same day the market was
30o below this, although offerings at
this time are but fractionally leas than
men just 6 neacL
In view of the rather liberal desira
of country interests to market their
cattle recently as well as the fact that
quality ror quality the local market
has probably been oayins better net
returns to shippers of this territory
than thev could obtain elsewhere, tha
loss of 260 to 40o In ths pries at North
Portland during the week was not eu-
uratlv mi r nr rounn
F ackers BtooWng Vp.
All of tha blc nackers have been .
stocking up quite liberally with cattls
of lata Most of them have good sup- '
plies on feed which will soon be avail- ?
able for ths trade. In view of this It
Is small wonder that killers should not 1
be so bullish regarding ths prloe of
fresh arrivals. However thers is noth-
ng in the present situation that Justi
fies even a semblance of alarm among;
cattle feeders. The outlOok for ths mar
ket and price Is still quite hopeful and -serious
disturbances in the pries are,
unlikely.
North Portland was not the only live
stock market in the country that failed
to show sustained cattle Drices. Most
of the big markets reported a general '
easiness In the situation and som
Bhowed a lower price range.
Todays senerai cattle market ranges
Best steers 17.60(97768
ordinary steers 7.Z5i7.40
roor steers . ....
Best heifers.
Best cows
Medium cows...
Poor cows
Ordinary bulls
fancy stags
Fancy bulla
Prima light calves
f rime heavy
17.09
.:s
.So
60S
6J0O5.75
4.606.0)
6.6S
5.30
8.6009.00
6.6007.60
f x 'l 4rtb-
it V fc'.:; ,", :JVt f
k : Cf
' v 1 "l ll I I sf iSSli 1 1 I ltSSSIWsaSSfaSialar 1 1 ssW IMLH
..,.,, . immmzm
The Illustration : shows a novel ex
hibit at ' the Spokane National Apple
show, together with James 8.- Ramage,
chairman of the board of trustees, who
will preside over the growers' -conference
which will be a most Important
feature of this year's show, which win
be held at Spokane ths week commenc
ing Monday, November 17. : - . '
xns enminatton or carload exhibits
has heightened - Interest' In the annla
compotltlons," states 'Mr,' Ramage, ''be
sides giving us more time to apply Our
selves to making ths educational fea
tures and 'aeries of conferences of ths
utmost value td the orchard Industry.
-Ths apple-show 1s conducted annual
ly at a loss of many thousands of dol
lars to thi business men of Spokane,
who feel that this represents an invest
ment which- is helping to put ths or
chard Industry on a substantial, pay
ing basis. The service idea is the only
motive actuating .our people In- hold
lag this show as an annual feature,'?
CHOICE WOOL HAS A
BETTER PRICE WITH
BOSTON TRADE GOOD
More Activity Shown During Week
Than for Some Time Past; Post
tlon of Trade Is Improved; Man
nfactnrers Feeling Way.
Boston, Mass., Nov. 16. More activity
Is noted in the Boston wool trade with
larger sales than for the past several
weeks, conservative estimates give the
total transfers of the past week as over
4,000,000 -pounds, while some dealers
say that st least 6,000,000 pounds of
wool have changed hands, in regard to
the growing scarcity in fins medium
territory wools experts say that tho
manufacturers are liable to find diffi
culty In getting needed wool.
An unusually small volume of do
mestic wool remains unsold In this mar
ket. Foreign wools are exceedingly
quiet Sales of very small scratterlng
lota are all that can be expected until
after December 1. ""
While manufacturers are careful not
to exrjress undue anxiety about pur
chases the position of domestic wool H
slowly strengthening. Some choice lots
of wool actually have brought more
than at any previous time tnis season.
Money and Exchange,
London, Nov. 15. Consols, 71 lt-Kd:
silver, 27 7-1 6d. Bank rate, 6 per cent
New' Tork. Nov. 15. Sterllnar axi
change Long, 14.82; snort, 84.86. Sil
ver bullion, 69 c.
San Franciseoi- Nov. 15. Sterling ex
change o days, (4.80 sight, (4.84;
doc, (4.79ft. Transfers Telegraphic.
6 per cent premium; sight 1 per cent
premium.
Would Take PostmaslersbJp.
Marshfleld, Or., Nov. 15. The term of
office of W. B. Curtis, postmaster of
Marshfleld, ' does not expire until
March, 1915, but already several men
have announced their candidacy for the
plaoe. Thomas Coke, a member of the
city council, is sn avowed candidate for
tha appointment and Frank Sumner,
who has been deputy In the office for
years past, also announces that hs li
out for the place. i 1
Hogs Steady All Week.
Top hogs ruled steady all throusrh ths
week around the (8 mark at North Port
land. Chicago, and other markets of
that section ruled erratlo but thers was
little chancrs In Drices at the eloains- of
the week as compared with the end of
tne previous .six says, closing: prices
showed North Portland 26c below Chi
cago,'1' 60 below Kansas City and 13o
above both Denver and South Omaha
Denver is North Portland's real com
petitor for big shipments from soma
sections of the Pacific Northwest there
fore the higher prices shown here than
either the Colorado or Missouri river
city, mean that this market is still ths
most favorable for competitive points
to patronise.
There was quite a liberal run of hogs
In the local market during ths week,
'the total being 6081 head compared
with 4835 during the previous week.
Hog prices at North Portland at the
closing of the week stand at the same
height as shown on the same date a
year ago, tops selling both times at (3.
Today's general hog market range:
Top killers t. ( 8.00
Good and light..... 7.90
Heavy ,. 7,50
Rough and heavy 7.0007.25
Advanced Prices for Uutlou.
While there was a very liberal In
crease In the marketing of hogs at
North Portland during the week com.
pared with the previous six days; ths
market not only held its former great
strength but snowed quite a fair ad
vance In the price. Total run for ths
week In the sheep pens was 7920 head
compared with 6125 a year ago.
Top quality ... lambs sold during the
(Continued on Following Page)
GOVERNMENT
CATTLE
FOR SALE
V
Some 60 head pure bred Galloway cat
tle, being the surplus of a herd belong
ing to tne Alaska experiment stations,
and consisting of vouni bulls, heifers
and cows with calves at foot, now on a
ranch at Chehalls, Wash., are offered
for sale to breeders at reasonabls prioes.
For information write SUPT. M. D.
SNODQRA8S, CHEHALIS. WASH.
TRANSPORTATION
J.C.WILS0N&C0.
HSMBBaS -
'NEW TORK STOCK KXCHANGH
NEW TORK COTTON EXCHANQH
CHICAGO BOARD OF TRADE ;
THB STOCK AND BOND EXCHANQH
' "TPOHTLANU OFFICE v V
069 Oak St, Ground Floor, tew! Slog,
jraoaes-uaarsaau mxtua iav-. ,,. , ,
II l i tff Uf 11 l asTI
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SAILINGS
Every
Saturday
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nrlr Una wont
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RBOORO PAaSAOS S DAYS, IS HOURS :
Mediterranean Service from NewYork
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' Asiasr Line, Prarta payable Prse ef esngs
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HaTNOBRSON SROTHKNS. Oan'l Agents .
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COOS BAYJUlINfcsJ
Steaihship "Breakwater
Sella from Alnaworth Sock,'' Portland, at -s
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MlVad Until 13' e'rUM-K Inoorlk on aalltui da,.
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