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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 15, 1914)
r i r C THE OREGON - SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, FEBRUARY 15, 1914. ONLY HEAVY CONTRACTING WOULD KEEP WOOL PRICES FROM RISING NOTHING BUT GOOD SHOWN IN OUTLOOK f FO PRICE OF WOOL - Market Promises to Rise to Highest Point for. Several Years; Lack of , "Contracting .Would Prove Big i Factor In Making J 'rice. HIGH FREIGHT RATE LOSING GRAIN T OF RAD E WORLD HAS NO SURPLUS OF MEAT ONE HAS TO SPARE, ANOTHER FOEIGN SECTIONS By Hyman II. Cohen ' There la no weapon of defense thai wool grower ran handle with greater and success than the continued holding tit regular sales days for their Xicece. There Is likewise nothing that will avail them more In their present strug gle for good prices-.for wool than the turning of a denr ear to trie wncs ana tales of thOMe who would neeure con tracts In advance of wiearing time For several rears Oreieon wool grow- rn have been used as a huffer by 'east ern, woolnn Interests to force down the prlce of wool not only on the homo clip hut on tlio entire output of the country. Oregon wool growers have for sever al years received from S In 6c a pound lens for their fleece at the time of rale than the stock wan actually worth titiMlltv considered. The present scHKon Is very likely to prove one of handsome profit to Ore gon anil Idaho wool grower If they will not allow the eastern interests to .blind them by Pearls:! talk and the Klvlnar nf contracts at low- prices. The contracting system in a . method of nloneer da vs. It is no longer needed by growers, although more necessary for mill Interests tfian ev-r before. Withr out contracts with which to secure ade. ounte HiiiJirlUK for immediate shipient they . would be forced Into tlie open market ti purchase and with compe tition between buyers for supplies, the outcome cannot fe else than helpful to producer of the fleece. Without contracts, wool milling in terests would not have stocks on hand with" which to bear down the price of the fleece which i offered later in the season. This was clearly shown during recent years when, after Pacifi-' northwest woolmen sold the bulk of their wool, the price began to advance. The speculators secured the profits whllo the 'seller here ad nothing but regrets to nhow for the advance. Home weeks aio I sounded the warn ing to F'aciflc northwest wool grower? not to sHl their fleece on contract at Vast year's prices, which contractors had begun to offer. The result was that almost immediately there was an ad vance of 2 to ;ic a pound in the price and the outjlook has improved from day to d.v. Thorn la no mistaking the Strength of the position of the wool market for the corning season, i tie entire woria Is famished lor supplies Mill interests have a smaller surplus on hand today than, ever before. They likewise haye n smaller, amount of manufactured cloth available. The result Is that they need more fletce There Is no hope for their obtaining t a price that will allow rice at home. e that some .f them will attempt to bear down the market by importations of foreign fierce, this cannot have any material : effect upon the trade generally. The ' whole substance of the situation is ' that the entire world Is short of wool. Ktartling decreases in the number cf shrep held lu the lending districts l.ave been fully confirmed. .South America and Australia have smaller hands than for many years. The de crs In the I'nlted States Is equally great, were "mill interests to hold liberal surplus from the former season v this condition would riot be so greatly ' felt, but the fact remains that corr. parativcly speaking they have no sur plus. This rmans therefore that the entire world'sweol milling trade muat depend upon thin year's clip to fill its wants for manufactured poods. It not only means that there will be good competition among buyers for supplies, but that mill interests must purchase quickly, or as soon, as' the fleeces are ready to ship. For years the. woolen Interests of tl.t eist have mac!e an attempt to kill reg ular sales days that growers have es tablished. Without these the grower will bo placed In a position where he will receive offers from perhaps two or three buyers. Without the sales days lie will not be able to keep in close tour with the market and demand and By H. A. J astro. President Ameri-1 can National livestock Associa tion. For man v ytars the American nco- I . I Pie nave . been supplied with choice meat at a .very low price, and part of the time at less than the actual cost of Ship Owners Asking jVbout All ?rod,uftl?n- Tfeeiadvance to a higher There- Is in Market; Charter! the increase injthe cost of other foods, . ' ... - I , - I have provoked! a vast amount of the- Rates Responsible for Sales ; of I orlzing on the causes and remedy. The U.. . rrhi. tIxa l ti ito ui uvnwcA ana meais win never heat to Europe at This Time, again be as low asMn former years. and the public may as well, become reconciled to that fact now. There are now fewer cattle in this country per capita than In former years. The rea- By Hyman II. Cohen. Trading In the wheat Warket was Uon is that thefbusiness of raisin and very quiet at all Pacific northwest maturing them! has not been bo profit points during the week, f Kf forts of j able or stable as other branches of ag buyera to secure supplies for lesj I riculture or trade. Our capacity for money were futile and aa their price the production I of cattle haa not been limits could scarcely be advanced at reached: the prbsent output could prob- this time owing to the condition of ably ha. doubled. Remunerative and the foreign trada as well as the flour steady prices iwill bring this about. market, a deadlock was forced. I while unprofitable prices will discour- Or much import to the wneat traae i age production! of the Pacific northwest fit this time in my annual addresses In other is the fact that notwithstanding the years I have analysed the various great surplus of ships, the! canto price causes for the Present shortage of cat 1k holding very high here. In fact tie. and it Is hardly necessary for me tlLn Pacific northwest la being called acaln to stata mv views. I'nsatlsfac- upen today to pay a hlgber rate by tory range conditions, settlement of the far for ships than any other section west and the cutting up of the ranges, of the world. , fluctuating markets and unresnunera- o The discrimination of Ship owners tive prices, all have contributed to this against the Pacific northwest, or to i result. place the matter more broadly, against I I do not believe the removal of the the entire United States, is such that duty on livestock and meats ought to other wheat producing sections in have any marked Influence on prices In getting the business. This is not. due this country. IThat it will have some to any offering of wheat elsewhere effect cannot be gainsaid, but I doubt at lower prices than growers here are whether the consumer will notice any willing to sell at, but to the fact that difference in the price of meat, and I other nations are seemingly able to hope the producer will not be corn secure freights for less i money and pelled to accent much less than the thereby land the supplied in Europe 1 present values! for the stock he raises or in the orient at smaller price I and matures, If he does, it will dis- than the Pacific northwest, alt lough I courage production, and the shortage. payment to growers la Just aa high instead of being remedied, will be iu as has been offered here. I I terslfled. j The reason why Australia is able! , Those who expect cheaper meat from to grab practically all ol the Japan-1 the removal or the tarirf will be dis esn wheat trade at this jtime is not I appointed. Beef scarcity is not con due to any offering of grain there at j fined to the United States. Every civ lower prices than nrevailine here, but I Uized nation Is confronted with' i that rreights are materially cneaper. similar conaition population growing It matters nothing to the foreign faster- than the meat supply. Surplus Wheat buyer who gets the money, the countries have only a limited amount producer or the ship owner. All he of meat to spare. That you may better wants la tne grain ana no is going i unaersxana me situation i win Drieny to buy in the market that sells Cor review the conditions in the Important the smallest price, quality considered, i surplus countries. The grain of South America is be- I Canadian Cattle Decrease. lng moved to Europe at greatly re-1 The number of beef cattle in the Do duced freight charges because ship I minion of Canada has gradually fallen owners are mignty giaa to get t.ieir AN 1 MALS AND SUPPLY CO U NTRY NEEDS BADLY I. ill TC l II ti uujir I tli liir foreign wool at a price ths tlicm to beat' down the pri Wiiile It Is nulte probable UNITED STATES HAS GOOD SUPPLY : - The Uqlted States is still raising a surplus) of meat food products. The United, States has today a population' of 97,000.000, and approximately 61,000,000 head of swine, 66,000,000 cattle and 61,000.000 sheep. . Accord ing to the estimates of the department of agriculture, this is a reduc tion compared with 1900 of 1,700,000 swine.! 11.809.000 cattle land 10,000. 000 sheep, while the population haa increased about 20,000,000. From these figures yourwill opserve that in this country there are about one and three fourths head of livestock per capita, compared with about the same number per capita in Canada, less than one .in Mexico. 17 In Argen tina, 26 in Australia, and 20 in New Zealand. Exclusive of semi-civilised countries the population of the United States la about 10 per cent of the people of the World, who raise domestic meat food animals and consume them for food. ' We have within, our borders about 18 per cent Of the raeat food animals in the world vastly more per capita than the average ot all civil izc-d countries. For the period -from 3897 to 109.-' the ' total value of our exports of meat animals and meat food products averaged an nually frcm $200,000,000 to J250.000.00 about-one seventh of our total production. For 1913, our exports of these products will amount to ap proximately $150,000,000 (mostly pork productsj. . from 4,600,000 to 1908 to 4.100.000 in 1912. During the same period. Can ada's exports of cattle diminished from 101.000 to 61.600. and hef exports of beef have also declined. Canada's cat- tie are shipped mainly to the United States, while, her beef Is sold in the United Kingdom. The number of head of all kinds of livestock in Canada is about the same per capita as. in the ignited states namely, one and, three-1 fourths. The conditions in Canada aro favorable for the enlargement of the livestock industry, but not anj better man in mis country. western uanaaa has been settling up very fast; the set tlers are raising grain and other crops the same as In the northwestern part ot the United States. That accounts for- the decrease in livestock there, as it does in this country. Owing to the drouth in Eastern Canada last year, there was a heavy movement of feed ers into this country immediately after cattle went on Jthe free list. This was exceptional, and is not likely to be re peated for many years. The probabil ity is that in the future the United States will supply Canada with about as much livestock and meat products as she will furnish us. The removal of the tariff has resulted in an increase in the price of livestock in Canada, as I predicted would be the case. and. the meat consumers in Canada are already protesting against the increase in the price of meat food products. Vo Kelp From Mexico. Ever since the beginning of the revo lution in Mexico, owners who were able to gather and ship their cattle have been sending them to the United States. The importation of cattle from Mexico fori 1913 will exceed 460.000 head -the largest number in our his tory. I Many j of tWese cattle paid not only an import duty to tho United States, but an export duty to the fed eral government, in Mexico, and some time! tribute to -the revolutionists as well. Mexico has a population of 15.- 000.090. and is estimated' to have be tween 6,000,000 and 7.000,000 cattle. 4, 000.000 sheen and 750.000 swine less than one meat animal per capita. There is an immense territory in Mexico available ror producing cattle, and,, with stable; governmental conditions, that country can be relied on to sup ply a large number Of unfinished or stocaer cattle. When the revolution is settled, it will take several vears for 'normal conditions to be restored, and until ! men we cannot reasonably ex pect o receive as many cattle annually as were shipped here last year. After the war there will be a keen demand for breeding stock, in order to build up the herds to a better standard; and this country will probably be called upon to supply the demand. The removal of iuty on livestock will not have the slightest effect toward increas ing our imports of cattle from Mexico, or reducing prices here. Her surplus would have,: continued to come here. and naid tnn former Autv Kn-ar that the duty has been removed, it, will be aosoroea oy me came owners or ftiex lco. or. what is more likely, the irov ernment of Mexico will retain the pres ent export duty. Thus the placing of livestock on the free list will not have any effect on the price of Mexican cattle in this country. Argentina, with a population of about COOPERATION IS VITAL IN BUILDING UP DAIRY INDUSTRY OF THE NORTHWEST vessels to some other section. While Europe is calling for Pacific north vest crrain. no sales in that direction are coniirmea tor tne reason tnai it costs too much to land the supplies there is competition with the cheaper freights of Argentina and Australia. Much ado is being mads by ship- nine 1ntrAJita about thn ilnwerinir of . . . . - a- . I vft tt . . j i , t, r TBn ireigm raiea nere, irom t.ie tjiremo i dj ihjuci b lrauiu, lutuiagtrr x mgn points OX tne last ! two year. XT-. fivft vav alitn Aurn or, hflVA fottri grain growers completely at tneir i urawi ui miy iuauunciuiius rrercv. They have been able to hold I industry depends upon its successful ih.m nr fr.r a linnet nnvi nrice thav I management. By successful man- choose to ask simply because during agement I mean obtaining the great that period ships w era scarce. Sup- est efficiency! out of the Industry; ply and demand were ntet equal and the producing! of the manufactured the shortage of tonnage to carrv " .article at the lowest cost, and the giv- frelghts soon rorced values hlgncr. I mg oi me employes me nignesi wages. Now the situation has changed. Ships I One of the greatest questions in Ore are plenty; they are a drug on tho I Kn today Is conservation of our na nrlttf but to the Pacific northwest I tlonal resources. The entire country shipper they are not Inclined to make has at once recognized the- Import much concession in the price. ance of this subject, and there is a Freights on grain stuffs from Pa- great movement in all our varied in ciflo northwest ports have for years dustrles to increase our efficiency in been much higher than for simnt. i all lines. we see our forests grad service on the Atlantic seaboard. The I ually vanishing,, our water power farmer has been the chief sufferer I wasted, our coal gradually being con and has been forced to pay the bill. I sumed and fertile soil depleted in fer Seemingly ship owners would rather I tility. These i facts we readily rec tie up their vessels than inake prsper ognize, but we fall to see the large price concessions to shippers and waste of human effort. We go on, growers here. Their organization is day by day.blundering- and stumbling strong and no break in i their ranks In an ill-directed way trvine to ac ts reported. I I complish our means without profiting As long as this condition exists the I by our mistakes. There 4s a great price or ireignis nere is iiiaeiy to uo ttemana ror competent men rrom our 7,000.000. has one-half as many cattle as the United States. 29,000.000 more sheep and' only 3.000.000 swine, as against our supply of 60.000.000 swine. For each Inhabitant there are about four - cattle, and, including all meat animals, about 17 head, compared with one and three-fourths for each person in this country. Argentina' now exports more beef than all other nations com bined. For 1912 her exports of roeatl products moan rrozen meat amounted to approximately l,0fr0,000,- uu ponnos in inn she exporter 2i. 000 head of live cattle and 106.000 head of sheep. It Is more than likely that her exports of live cattle will be dis continued on account of the foot-and-mouth disease. Prices for livestock in Argentina have practically . doubled within recent years, and this aavance haa attracted to the block all classes of cattle, causing a shortage of fe male stock in that country, as is the case in the United States. . I doubt whether in the next few years Argen tina will be able to continue the pres ent volume of her exports; certainly sne cannot increase it. Australia Has Surplus. ' Next to Argentina, Australia has the largest surplus of meat. That country has about 12,000.000 cattle. 83.000.000 sheep and SaO.uuo ewine. Her popuia tion is about 3.800,000. which givt-s an average of three cattle and 26 meat food animals of all kinds per capita, The latest available statistics show that Australia exported during the year ending June 3. 1913. about 360. 000.000 pounds of frozen beef, mutton and lamb. Her exports of meat: prod ucts average about one third of those or Argentina. Up to the present time practically all the exports of meat from Australia have been frozen: they are now preparing to handle chilled meat. bnder favorable condition. Australia can supply a much larger volume of meat products for export Hew ztaiana Has Export. New Zealand also has a relatively large' Surplus for export. Her popula tion is only about 1,350,000. while the latest statistics credit her with having 2,000.000 cattle, 24.U00.000 sheep and 350.0U0 swine. She thus has about one and one half head of cattie and about 20 head of all food animals per person During 1913 she exported approximate ly zbu.uuu.uuu pounas or rrozen meat, of which 90 per cent was mutton and tamo. me time occupied - in passage from New Zealand and Australia to San Francisco is about 22 days, aa compared with 40 days from the same countries to England. On -the other nana, tne transportation facilities from South Ametica are better to England ana tne continent man to this coun try, all of which should be, taken into account. There are a few other surplus coun tries, such as Denmark, but their ex ports of meat products are not likely iu increase. irRi-i ana aemana unn i will Hkelv sell his I sight. .i . , I Wl for that reuson . fleece for ltss money than it is really worth. While I have no doubt that woolen Interests will have .ome other caue to besvr clown the price of fleece now that the tariff has proven to be a bi bugaboo, growers' are getting to un derstand conditions better than form erly. The wool market 'is today on a-4 . wcritis Dasts. t.asi year prices ruled lower in many instances' in the United States thkn in - England. Buyers from london actually bought wool in the astern markets at a lower price than they could secure similar ijiialitv at foreign places. This year with Ameri can woolen interests IJikely to be. bid ders for foreign wool because of the smaller supply of American fleece, the foreign markets u-re expected to sho a higher price than a year ago This . will likely force foreign interests tt. come Into this country for "wool and this competition with American hov ers Is likely to cause a still further .advance in the price. ..There in 'nothing in sight but pros perity for the wool grower of the Pa ' clftc ' north wept. The market price if up to him. If he will refuse to con tract the indic-itlonsrare strongly that better values will bej obtainable than . , If he sold on the sheep's back.. The holding of the regular sales days will be- to his Interest. a Handicap, xnere is Dusiness in plenty offering but the high freights asked eat. up about everything there is in the business. Ship owners are unwilling to take the lean years with the good ones. They want all seasons of big profits. Grain shippers who Buffer heavy losses by 111-advlsed chartering are seldom heard to complain- but shipping Interests refuse to be confronted at all unless they make a profit all the time. Coarse grains showed practically no movement at Pacific northwest points during the week. On every side de pression was shown, Barley prices are going from bad to worse and there seems to De no improvement in WHEAT Producers prices, track basis: Club, 8888c: milling blue stem. 97c; fortyfold. 89c; red Russian, and hybrids. 86 87c; valley, 89c. OATS Buying prices: iNo. 1 whits feed. $24; gray. $23.76 per ton. BARLEY Nominal producers' price, track basis: Feed. $2222.50; brewing, $26: rolled. $24.60 per tonj FLOUR Selling price: Patent, $4.50 jLa w.v v . if Jiicfciic:iic7 vaucjt fi.uu t iui;ai straight. $4; export. $3.66 03.80; bak ers'. M.lU'lf l.bU. HAY Producers price: Willamette valley timothy, fancy. $13,50314; east ern Oregon-Idaho fancv timothy; $16 16.60; alfalfa, $1313.60; vetch and oats. $11; clover, $9 9.10 per ton. MILLSTUFFS Selling price: Bran. $21.50 22.00; middlings. $30.50031.00; shorts, $23.5024.00 per ton. CLOVER SEED Buying price: No. 1 red, country points, 12c; alsike. 14c GRAIN BAGS No. 1 Calcutta, fu ture delivery. 8c. "j highest paid officers down to ser vant and laborers. Today we should look for a system to train these men to make them competent. Success ful management is a true science, and it rests upon clearly defined laws. rules ana principles as a foundation. Principles of ! successful management can be applied with equal force to all our social activities, the manaae ment of our homes, our farms, our creameries and to all social and po litical Institutions, state and national. Cooperation Is Xacxixur. Why not try! and apply this principle to our creameries and the dairy in dustry or our state7 We have no cooperation. Dealers, producers, and manufacturers! have not tried to work mi. n.ln.lil.a Ka..aw r. V. AIU., ln their work. Each have a duty to per form, lr the producers have a creamery. in their district, that cream ery should be managed ano nanoieu op such a basis that everyone should patronize it. Such principles should be laid down that there should be perfect cooperation between the manu facturer, producer and dealer. Dealers must not be allowed to pay more for butter fat in one section than in an other in order to injure some little creamery that la trying to make a start on a good, legitimate basis. Hutter matters should not accept old. stale cream and expect to mix it with good and get results. It is like add-' ing poor yeast to bread. if space would permit I would like to explain the very vital and Import ant parts of ur Industry fully, but I can only suggest a few that would work fine if properly carried out, and put hundreds of thousands of dollars into business of the producer, dealer and manufacturer, and save money for the consumer, as well as giving them a better and more wholesome product. Education. Is Hsosssary. 1st Let the people of Oregon vote the dairy commissioner's office enough money each year to form a systematic euucatlonal campaign among the farm ers. Teach. them how to produce more milk per cow and keep It clean and wholesome. 2nd Each creamery In the state should be under the supervision of a dairy instructor, appointed by the dairy association, and each creamery should be assessed according to the amount of butter manufactured. It would be the dairy instructor's duty to see that & uniform product was produced, and work in coniunction with the dairy commissioner's office about condemning cream that Is unfit tor use. 3rd Pass laws that will keep man ufacturers who- do not understand what a pound of butter fat is worth or who goes into a territory and ad- yances the price of butter fat beyond a profitable margin In order to break PORTLAND PROMISES TO BECOME ONE OF GREATEST HOG PACKING CENTERS IN THE WORLD WITHIN THE COMING FEW. YEARS ; - ' : - i Change, in the System of Quoting Provisions Would Cut Out All Sup-. plies From the East and Aid in 'Developing thet Trade Here; Local Market Is Redeeming Itself as Ilighest Market, for Swine; General livestock Situation Is in Good (Condition. PORTLAND LIVESTOCK RUN. Week Ending Hogs. Cattle. Calves. Sheep. Feb. 14 Feb. 7 Jan. 31 ... Jan. 24 ... Jan. 17 Year ago . 2 yrs. ago. 1713 .2694 .6346 .4986 .6743 .3523 .2166 1276 1276 748 762 176 1040 1208 3 3 li 4 7 9 12 7897 6102 6243 6070 S196 6801 521$ tho same class of atuff Is bringing in other sections of the country. General cattle nkfket range: Prime steers. 1100 to 1200 lbs $7. So 8.00 Good to choice steers 7.35fr7.0 Common steers 6.75 r 7.25 Prime speyed heifers li. .... . ".00 ft 7.25 Good choice dehorned; cows. 6.8647.10 ,up some little creamery and put it out oi Dusinessj . 4th Creaai should be bought by grade, nameiy: first, second and third, and by using an acidity test this could easily be regulated. :5th The Icheese and butter makers should be compelled to have a dairv school training and pass an examlna- By? forcing the five foregolmr rules successfully1, by competent systematic laws and instruction. It would be the means of making better dairymen, and Deiter dairymen means more money. Eighty per cent of the cows in Ore gon are giying less than 10 pounds of milk per day. When we see 80 per cent .of! our dairy cows in the 30 pound clasS it will mean bl? profit, and they are sure to stay at the busi ness,: while- a cow only giving 10 pounds of milk per day means a loss and a drudge to the dairy industry. Better knowledge of how to make better butter and cheese, means that the leaks will be stopped, and' more butter willl be produced from' 100 pounds of ct-eam. Dealers will be able to pay more money for high grade butter, as it will demand a ready market and ell itself. Consumers have all to gain by this systematic instruc tion and cooperation and it will give them a better, safer product, and we will not have to go outside of our own state for the quality of butter w:e want. . I believe ino time should be lost in this movement, as the producer and manufacturer in their ignorance to do right have SoBt all heart. This is a movement that should have the stpport of the Commercial club .and tle Chamber of Commerce, for unless something rs done there will be less dairy products produced each year : to feed our increasing popula tion, which swould be a very poor ad vertisement! for our state that has the facilities as good, if not better, 1 than any other. COPPER MOVEMENT IN NEW YORK BEN VERY LIBERAL DURING WEEK Market Absorbs Very Good Supply; Industrial Department Is Fa vored and Railroads Secure a Much Less Favor. New York. Feb. 14. The conners have been absorbed during the past week on a very good scale. In fact. the industrial department seems to be favored at present to a much greater fiic i ii man me rails. Foreigners appear to lean toward the buying side of the metal stocks, and judging by the reports in circulation, it is not unlikely that efforts will be maae to produce broadening tendencies in the industrials. The firmness whtcb th ntru.tr n has displayed in the fr r.f sales and professional operations on iue neiung siae lends color to the belief that in the absence of anything particularly . disturbing from Mexico. Bjauuai Deuerment is likely to be the order of things. HOW JOBBING PRICKS OF PORTLAND Then prlre are thou at lrhich wholesaler. "l:..t!-''.!"!'." ewI' " tberwtf .rated: riLTTtR Nominal W'lUauirtte Tulley cr-fini-ry eubea. relllnr prlr, 32c: reur nrlntn. lUiFjUoc;, ranch butter. It;; city creamery. 34 I t:fi'. i KOOS -Selected. Camlled local extras, -". rnnv cnnnT, idc, tiiuina price , Purtland. lWc. ' 1 LIVE rOtXTRY-Merm. 16c: rrlnp. 'flo; T .- ,iT ''Pkin dtioka. 17'ilSe; rS.iMnn Knnnera, l.'tffjM.V; cwp. ' 12f?U3c- f inraeya. MVive: drewed. StoitZtc. pigeon. 1 j'uuut, uozen; lackratvolts. $2.O0(2.2r. C1IKKSK Nomlnl. Vrph Oregon fancy full .rream twln and triplets, 21c; diilsli-a 21c- Yvunt America, 22-. ' , Hepa, Wool and Hide. HOPS Burlnu price fhoi.e. iSc; prime i 17c; median) to priiu. lHc, contracts, loc lb ( HITTIM OR t'ASCARA BARK 1913 car lota. U,r; 1ms thnu car lots. 4V-C t MOIIAin-1913 .Nominal. 2W27c WOOL--Nominal. 1U13 clip: Willamette val. ly coara (otswold, IHc In.; medium Sbrop ahlre, 17c; choice fancy lots. 18c lb.; eastern Oregon. lOftitnV, according to shrinkage H1DKS lry k.ies, 22fti2r!c lb., green 11(3 12c; salted hides. 12 ; bulls, green salt Ht,e Itc, kids, I3(il4o; caWes. dry. 1EV'; salt iking aalted or green. lM'u-; t reen Mdes le lesa than salted; sheep pelt a. salted. hearln X0U2Dc; dry. !. my Fruit and Vet-stablea. . BCnUES Cranberries, local, 093O per barrel. FRESH FRITT8 O ranges, nayels. 11.75a 2.1W; lanerleiif, $l.;5i2.00; bananas. 4V4ttJc ib lemoaa, W.504Ji); limes, $l.iaj per lOu. grapefruit. Florida, $8.O0ja.2o; pineapple " 7c: persimmons, fl.75 crate. VlXiKTABI.liS Turnips. $1.00; beet. Sl.OOt ,rarruts. H.OO; parsnip, fl.oo ck: catibaare local. V-; California. 2.2.-; Mexican to man, t ) Cuban tomatoes. $5.00 per crate: i fteeo onlona. 15e dozen bunches; peppers belL - 12!e. head, lettuce. $2.00 crutu; hot 'house . 'lattuce. $iaja)tl.2S per box; celery, California, V Plant. . ISe; iauiiflowr. . California. S2.O0i2.i orate; artichoke. $1.75 rloaen; aprours. lotjllr; strlnj; bcana. 7fr10c li ma beans, lie lb.; pvaa, 15c . UNIONS Johblna; prlct $a.fiOa3.T5; carload - AFIiIl'ii5Tj;i'U,rnhw'ir' l-2n2.6o: Northern iJr .3c31.23; Jonathan, $1.0082.00; Kliode Island Greening, $1.00131.25: Winter Banana. l.:Oi(i2.50; Ortley. $l.So2.00a cooking grade 75cl.O0. j POTATOES Selling price: - I Extra choice. $1.00; choice, 90c: ordinary, 80c sack; buy ing price, cartuads, 65c; extra fancy, sorted, 75c; aueeta, $2.25 per cwt. Hosts, Fish and Frorialon. DRESSED MEATS Selling price Country killed: Hoga. fancy, 104llc; ordinary. 9Hc; rough and beary, c; fancy Teals, lie ordinary, 1313Vbc; poor, 9(il0c; hams. lOc mutton. 8c; goaU, 2(4c. ' HAMS. BACON. KTC. Hams, 18HQ19UC breakfast bacon. 19roE27c; boiled ham. 2Wc: plcniea, 15c;. rottaici ( ). i ' MEATS Packing honse Steer. No. 1 stock 12lil!tbc, cows. No. 1 stock. ltftitiu.t i ewes. 9 Vic; wethers, lOfgllc; lambari2Hc; ras 2r,M pork loins. 18c; dressed hogs, lie. f. o. b. Ol'STEHS Sboalwater bay, per. gallon ( : -w r ' i vij uiiia, per gallon, $;t.60; per lOo lb. sack ); canned eastern. 65c can; $6.5o dosen; eastern. In shell, $1 75 2.00 per 100; raaor clams, $2-002.25 'bo.v eastern oysters, per gallon, solid pack, $3.oo' KISH N'ominsf. Pressed flouuders, 7e- hall lbut, e10e; striped bass, 17c; ilTeride sal mon. ; ateelheads, 11c; halibut, 6g8c; Co lumbia amelt, 3060c per box; shrimps. 12 Vic; perch Sc lb.; lobsters, ! aoc lb.; black bass, 10c: silver cmelt, 7c; herring, 6c lb black cod. Be; sturgeon, B3c dressed tom cod. 8c. i LJIKO Tierces, 12V4c; compoond. tierces, lie. j CRABS Large, $1.60; medium. $1 dozen. Groceries. SUGAR Cube. $5.20; powderel, $5.00; fruit or berry. $4.80, beet, $4.60; dry granulated $1.80; l yellow, $4.10. (Aboya yuJtatioua ire M) days net cash.) BEAN'S Small white. eV4c large white 5c. pink, 4Vac; llmas, 6V4c; bayo. 6Vic; red 5 tec. ! KICE Japan style. No. 1, $H54c; New Orleans, head, 54i7c; Creolej oifac. HONEY New, $3.25(53.50 pe.- case. SALT Coarse, half grounds.: 100s, $10 per ton; 60S, $10. 7j; table dairy, I 60s, $18: 10s $17.60; bales, $2.25; eatra fine barrels 2a' and 10s, $5.25,6.00; lump rock. $20 .jo per ton. , Paint and Oilaj LINSEED OIL Haw bbU.. ele per gal- ket- ire "yi"-vi, uuis., o.ic; raw cases, etlc; boiled cases, -se gal.; lots of 250 gaUon le lesa: oil cake meal, g44 per ton. I WHITE LEAD Ton lots. 8o iper lb.; 500 lb. lots 8c per lb.; less lots, 8Uc per lb , OIL MEAL Carload lot. $34; TI RPKNT1XK lu cases, 780; wood barrel 70c; Iron barrels. 6Sc per gallon. ' San Francisco Barley Calls. San Francisco. Feb. 14. Barley calls jreo. x. jjeo. Close. Open. May 1124 112 Lec. 114 H 1U4 14. Close. 111 112 WILL SHE LAY THIS YEAR? . - : i i . I tl Range of v Vni-k nHu. r.,.nici..j by Overbeck & Cooke comoanv 216-217 I mense business would be built up. Had.j . nr. j . . , f... j . . . 11.. . . . 1 1 u ui. naug ouiiQing: Hy Hyman H. Cohen. North Portland at the closing of the week seemed in a fair way to re deem its reputation of being the high est priced hog market In the country. At the closing of the week tt was but a nickel below the extreme top at Chi cago and it Is safa to say that Quality considered the price paid here was even better than that available In the Windy City market. ' Closing prices for swine at North Portland this week were $8.60 for top hogs. This is a material improvement over the price of a week ago. The market at North Portland showed Btrength all through the week. In the east there was a firm tone early in the week with prices sharply 'higher but almost equal losses were shown later in tho trading, The steadiness of the North Portland market and the fact that values here are far less erratic than any other market In the country, are conditions that go far to make success of the livestock business. Hhlppers at coun try points are generally able to know when they atart their shipments to North Portland, within a fraction of the price their stuff will bring. This la not true of any other market In the country; price changes being so rapid ana severe at times. Outside Baying- Is Big Kelp. The North Portland swine market was materially aided during the last week by the rather liberal buying of stock by outside interests. There was a good demand all around for hogs and even though there was a -very marked increase in the volume of supplies of fered the trade, buyers took hold even eagerly and this was a direct aid to the price. ' There is no doubt that quite heavy supplies of hoars were held back by the country last week because of the low price in effect here at that time compared with whs other markets of the country were paying. In the end, however, the local market always re deems itself and the present period Is not likely to prove exception to the rule. Change in System BTecessary. Since the publication in these reports that a change In the system of naming provision prices was necessary in or der for the local market to safely ab sorb the huge supplies that are prom ised from this section in the future, many stock interests as well - aa butchers - have endorsed the policy. None of them are able to see why the Portland provision market should not be independent of Chicago and other eastern markets, especially as we are now able to secure all our needs of swine In the-home territory. Some of the packers are still said to be op posed to such a change owing to their outside connections but tt is believed that after a while the matter will be definitely settled and for the good of the entire industry. Would Create Packing Plants. The making' of this an Independent market for provision prices would mean the entire elimination of eastern stock from the local market. It would mean that within a short time that ad- ditio Paci mea sending millions of dollars annually the east and middle west for provi sions, would then be in a position to look for outside trade. With the open ing of the Panama canal for traffic, that vessels would take provisions from here to Europe and that an im- It would mean that eventually and this B.504T&.75 6.00 4r &fo 4.00 i 5.00 9.0"r9.60 8.00 4 . J Fair to good cows . iesi bulls Good bulls ...... ... J., ommon bulla . . . Best light calves Ordinary calves . Sheep Situation Aules Stroaa-. While there Was another srailn in thai marketing of mutton and lamb in Ihn North Portland market during tha week, the trade and price held strong during the six daya.- Ton lambs are mil raniijr commanding . o while -other offerings are selling at tho usual ratio. At the closing -of the week lher was a big bunch of Montana sheep brought forward. I'ackera are com pelled to look tj other sections for the bulk of their good maVttv mutton at tnis time: rew i tne local offerings being of suitable quality for the best trade. General mutton martat nnntn t nn- Beet lambs $.6QfrpS.?S Poor lambs L 6.60 $i 6. t.o Best ewes 4.50tT4.7S Ordinary ewes '.i 3.60 Sf 4.00 Hest yearling wether 6.75 6 6.00 Wethers Section Oregon Oregon Oregon Idaho . Oregon Oregon Monday Morning Bala. BCLI.s. NO. Af. lha. 6.40 4 6.66 Oregon 1 7; 15W1 14O0 1240 9M0 11IM IdOU Price. $7 .SO .von JW 5..V) 6.AO 6. SO 6.SO (Concluded on Following Page.) PRICE RANGE IS NARROW Chicago Wheat Jtarket Cloaes Ln changed for Mays and a Shade Lower for the July. . Chicago. 111.. FebJ J4. After a very narrow range fdr th day. May wheat closed the same a si Friday, at 93 934c, and July barely, a .shade lower. The market covered a range of only '-ic for the session.; ! The large active concerns which showed more or less leadership on other days appeared to be out of the market;. There was a decline from 9S4c to) 93Vc during the morning In May, due to heaviness in corn,, fine covering. for the whiter crop and dullness. Firmer tone in wheat on the moderate rally at the close was baaed on export aalea of 60,000 bushels confirmed and claims of much larger off era) accepted by the seaboard overnight,, - but details and confirmation are wanting. There was a report from the north west of a further cut-of 6,000,000 bush els In country elevator stocks since February 1. but it JtAa) not taken seri ously. Minneapolis imported a decrease of 100,000 bushels in wheat stocks for one day. The indefinite claims of ex port sales here were accompanied by fair volume of buying in the open '" "y Bome i ';tne export nouses.. nal packing plants must rise at trr?; ",". if. "Ji; we!.e "tremeiy flc Northwest points. It would I li?rVLJ.. - p .1 'verPOu n that the Pacific coast. Instead of I .' "1 J, i "v. l"n. "peciea. HJ I Ainal. CoDDer Co. . Am. Car A Foundry, c. Am. jan. c Am. Loco., e Am. Sugar, c Am. Smelt, e Am. Tel. Tel Anaconda Mining Co.. Atchison, c Baltimore & Ohio, c.. Eeet Suarar Bethlehem Steel, c Brook. Kapid Transit. .anacuan Pacific, c... Central Leather, c Chi. k Great Weat., c. C. M. A- St. Paul Chi. 4c Nortbwettern. c L, ni no uopoer Chesapeake & Ohio . uolo. r uel Iron, c. Colo. Southern, c Consolidated Gss Corn Producta. c Delaware A Hudson . , Den. & Bio Grande, c. Erie, c Oi-eral Electric Great No, ore land.. Ice taurines Illinois Central Inter. Met., c Lehigh Vslley Mexican Petroleum ... ILUlsrille c Nashrille. Mo.. Kan. A Texas, e. Mo. Pacific National Lead Nevada Consolidated . . New Ha raw X. Y. Central N. Y., O. 4V.W Norfolk A Western, c. Northern Aaclflc. c... Pa. Mall Steamship Co. Penn. Railway P. G-. L. A C. Co Pressed Steel Car, c. . Hay Cons. Copper, Reading, e Kep. Iron A Steel, Kock island, c St. L. A S. F.. 2d pfd. Southern Pacific, c Southern Railway, c. . Teim. Copper, t Texaa a I'acinc T.. St. L. A W.. e.... t'nion Pacific, c C S. Rubber, c V. S. Steel Co.. c U. S. Steel Co., pfd Utah Copper Virginia inemicai .... Wabash, e Western I'nlon Tel Westlugbouse Electric. Wisconsin Central, e. 35 !i 107 V 120 Vi 37 a? 93 'ii" 217 12 io.V ' l.-wvi 5 12", and hardening of spot wheat in th r.iiBiinn iratie. iotai caim sales or wheat here today, 65.00$ bushels. Range of Chicago-prices rurnlshed by Overbeck & Cooke Co., 216-J17 Board of Trade luolding: l . 1 1 a a w v.il. oAsaiai,a ninawi. 1 w i-k, 1 1 no nitre gut-on ma i nunu ruinauu tl!f.h', Uw r, I would rival Chicago as a packing cen-I U iVM IL, ' tpr- Within the period of 10years. at. n?v STsJ V S? t11" present rate of increase in hog pro- 1 a.. r , uuuuuu ui 111c riiLiiii. . . " i, , I 107 12UH .'!7. tm 03 Vt 35 V, ioi 37 02i 374 36 U2 92", 2174!214', 33V4I 32 iaiiiio.V 136 138 4 43 U' 43 tV 04 Xij? 1 would undoubtedly be ono of the great Sa? 1 est packing centers of the entire werld. 120 ' General hog market range: -37W Best light, 175 to 225 lbs. . .$8.b0fi S.fia 9 1 Prime heavy. 225 to 250 lbs 8.40W8.50 2 Rough and heavy 7.40 7.60 2 I Pigs, 75 lbs. to 125 lbs 7.60&8.00 82 ! Jtlgltt Cattle Still Wanted. ik 1 The local trade wants light cattle of 33 ; quality. Tbat mucn was ampiy snown r 13(4 ! during the last 10 days and every day '' 102 confirms-, this view. While tire run of ""' Month May . July .. May .. Jr.ly .. pt. . May . Jjily . luay . May . July . 31 'i 1S 38 10Z con ""n cattie at morin roruanu mho tauici (.fair again this week, supplies being ex 2!j 'actly the same as during the proced 1 ino Ek thA market auain touched $S 1 u j for a small number of tops. This was 12 "iiiii 1" i 'or light stuff of superior quality. ....!.-,.. 1ST While there was less urgent call for 31 US .....: , 14S 37 isk ' henvv atuff of ciualltv. the entire cat- ) tie market stood In a very good posi 14r tion rlurine the week. yt the closing :i7H ! of the week's trade the outlook was 2SH 2sfc 2S 2s most hopeful for the immediate future, iii i-iii iiiii iu. ! At the moment the price of cattle "4 15tS lll. I compares very favorably with what 151 70 '21 "ia 71 ivi 71 '21' M 'io 72 00 io4 26 2 U2.U2 69 21 26 16 71 80 80; li DENVER CATTLE AKE WEAK 26 , ' - SO 19 Top Steers Sell at 8 in Yards; No Other Arrivals Reported. 45 I 46 20 -ii 20 ..!lsioa. 7 ltd t kv I (S;ie-Ul t The Jonrual. i't4ilio4 I Denver. Feb. 14. Hogs, none. 110116 I - Cattle. 100. Market weak. Steers, $6.00fs.0U; cows ana iiciicib, 70. - siheep. none. 2 atl ll2il'i". 122 4.1 2t 167 70 7l 1 116 I 06 M 26) 20 7i 06 26 36 ' 15 16-3 5 66 110 55 27 36 ti 15 163 00 67 110 56 2 36 15 163 S0 45 1"7 26 ? z T6 15 10 163 69 64 1KVH0 5 CHICAGO H(K;S HOLD STEADY All Lines of IJveatock Are Selling at Former Prices. Chicago. Feb. 14. Hogai 9000. Mar $8. 30?Z 8. 65; heavy, 8.30&S.S0; light, ket sttady. Mixed $8.55(8.65; rough. $8.30 ftr 8.Q3. Cattle 200. Market sUady. Sheep 2500. Market steady. 4f 64 70, 70 I !iT4 ' KANSAS CITY LIVESTOCK DOWN 64 ' 70 45 I Total sale, 153.HOO shares. Money and Exchange. London. Feb. 14. Consols. 77 d; sil ver. 26 d: bank rate, 8 per cent. New York. Feb. 14. Sterling ex change, long 4.844: short 4.86; silver bullion. 67. San Francisco, Feb. 14. Sterling ex change, 60 days 4.83: sight 4.85; doc. 4. 82; transfers, teleg.. 6 per cent premium; sight 2 per cent premium. March May . July . Aug. . hept. Oct. . Dec. . New York Cotton Market.', ' - "Open. High. Low. .Close .il221 1228 1221 ...11M 1201 114 ...114- 1198 114 ...1176 1178 1176 Hogs Are 5c Lower; Cattle Are Ruling Steady to Weak. Kansas City. Feb. 14. Hogs 1000. Market 5c lower. Tops, $8.50. Cattle 600. Market steady to weak. Sheep 800. Market 10c higher. HOGS ARE STEADY AT OMAHA Market Holding With Tops at - $8.45 in the Big Yards. (Special P The Jwrnal. Smith Omaha. Feb. 14. Cattle, none Hoga. 4C76. Market steady at $8.20 0 8.4; tops,' $8.45. Sheep, none. - " lift Hop Roots for Sale ..1152 ...1165 1160. 1152 1166 1162 116841160 '1152 01153 1162&1164 Journal Want Ads bring results. EAUXEIT TAJirXTT Also English Cluster Roots. Address CHA8. A. KNDICOTT. Salem. ur or tiamDurg, ur. ing: WHKAT. Open. High. .. 3iti83 .- tN I'SS CORJtV. v . 65 i :5 . 61 i 61 . 64 !:tW oats: . . 3J I T .. X ' 1 poRst; . .21 21H7 - LARA . . IC.ti 3 l3 ..1117 1120 RIBH, ,.H 1170 ..1177 11S2 Low. Close. ': 03 8b Bt) A a-, 64 64 s 1167 1117 116.-, 1177 65 A 64 H 64 B SO s, 30 B I1U 1102 1120 1170 1182 HOP CONTRACTS FIRM Business Is Pating at 13ic, and This I'rice Is Being FrerJr Offered. Here. Quite a number of hon contracts on the coming crop here written In Ma rlon county durlua the last 24 hours at 15c a pound. Dealers report i"'U) a number of orders iir ror contracts and the higher price Is now beli.g'liee. ly orrereo. ine marKft ror spot hops is falrrv active. It develops that quite a tw of the growers who haye sold recently were compelled to sacrifice tUfir hold ings because of the calling of loan- by the banks. It Is stated tnat the hsI- ern trade, whu-h Is alleged to be short, planned this coup in order to force growers to let ,go at whatever price tne snorts were! wiiuiig to give. ONIONS MOVING WELL Growers Not Offering as Freely as , Formerly f but the Market Remains Quite Good. While only six vafk of onions were sent out by members ,fof the Confeder ated Onion Orowerriiarsociation dur ing the week, an equal number was sold for rhlpment : next week. No change wai announced in the price. It will probably take another week to clean up the surplus in California and until mat time hxhi grower are nn Inclined to offer freely. It is now eatlmated that 65 cars remain In growers hands in Western Oregon. J. C. Wilson & Co. NEW TORK STOCK EXCHAXliB -NEW TORK COTTON EXCHANGE CHICAGO BOARD OF TRADK THE STOCK AND BOND EXCUA.VQS SAN FRANCISCO . PORTLAND OFFICE " . , , 869 Oak Ut O round noor". XrSiris Bl. yacaa s Msrsaaa 4.1 ao. A-4187.