BRANDING OF
NO
FOR
IN WHEAT TRADING
Record Number of Ships Already
. Chartered Indicates That Europe
Will Take More Grain Than
Usual; Clouds Are Lifting.
By Hyman H. Cohen.
With a record number of ship un
'der charter for foreign loading from
Portland and the usual volume from
Fuget Bound points, seemingly there
Is no substantial reason except per
haps that the charterers want more
profit why such low-priced views
, should be entertained regarding the
coming wheat crop.
.Just at the moment much ado la be
In made by certain Interests in the
recent report or tne unitea estates gov
ernment that the coming crop indi
cated a total yield of 900,000,000 bush.
Is. Under some circumstances this
announcement would Indeed be bearish
argument for the price but as It takes
more than one swallow to make a sum
mer, therefore the prospects for a rec
ord wheat crop In the United Btates
should by no means be conntrued that
wheat supplies will go begging during
the coming season.
Wheat buyers are seemingly Just as
narrow In their views regarding the
price at" this time an are many pro
ducers on certain occasions.
World's Crops Make Markets.
The wheat buying trade has lost
slxht of this one very strong consider
ation In the making of wheat prices
thf. world as a whole will produce lss
whit than a year ago, therefore the
effects ot the record crop of the
United Btates are thrown away so far
as values are concerned. The big crop
in prospect In the tmlted States this
season will be needeJ by other coun
tries. Abroad, conditions are much
less favorable than a year as?o and as
'there has been the smallest'surplus in
years carried over, the- outlotk for
prices seems rather good. Instead of
showing depression.
While It Is true that Just at present
the entire world seems to be bearish
regarding the prieu of wheat, this sig
nifies little as regards the future. A
yt-Hr ago world's prices started low
and the end was a vast improvement.
' Th world's trade has been hypnotizeJ
by the record crop announcement of
the Unlted States government, and for
mat reason values nave ueen aitowea
tj dra lower.
Buyers Naturally Bearish.
The present bearish attack on prices
by the world's trader is bv no means
a new Idea. Buyers make it their es
pecial business to purchase their re
quirements as cheaply as possible.
That is what they are in business for.
They all want to buy as low as possi
ble: and sell for as high a figure as
can- be forced. It is the rule of busi
ness. In their anxiety to hold down
the price cover they sometimes overdo
themselves and the result is that on
.various occasions speculative interests
have lost heavily.
During the week there was prac
tically no movement either for old or
new croo wheat. Buyers were little
Interested in the situation at home
un uipi lu 1113 IllUlliCi VIIC LIIC
elgn trade.
tilmllar condition was shown in the
coarse grain market and tl week
closed with values practically the
snme as during the preceding -week.
Oraln bag prices are being held very
firm by speculative interests.,' While
for a short time, there was a rather
good demand i for - bog from the in
terior, the present trade lu unusually
?uiet considering the earlier season
or harvesting. :
WHEAT Producers' price, track
basis: Club. 85(f'(c: milling bluestem.
8c; fortyfold, 86c; valley 86 87c; red
KuHsian, 84c.
OATS Buying price: No. 1. white,
feed. $22 xcr ton' gray. $21.
BARLEY Producers' price, track
basis: Keed, 120; brewing, nominal,
..... , .
liv.uu per ion.
KLOL'K Selling price: Patent. $4.80;
Willamette valley. $4.80; IochI straight.
$4.20: export, $3.904j4.00; bakers, $4.60
U4.80.
HAY Producers' price: Willamette
valley timothy, fancy, $13.5014.00;
' eastern Oregon-Idaho, fancy timothy,
$16,00 416.60; alfalfa, $13.0013.50;
vtch and oats, $11; clover. $9:00ia9,10
per ton.
OHA1N BAGS No. 1 Calcutta, fu
ture dullverv. 18. 75.
MII,L,STtTFFS Bran, $23.50 24.00;
ehurts, $26.50 frj, 27.00.
Some Want Rain;
Others Prefer Sun
Walla Walla. Wash., June 13. Al
though a number ot wheat growers,
whotte holdings are in the heavier soil
districts of the vallev. have expressed
'the belief that continued rain would
cause the wheat Ito rust, this opinion
does not prevail among the great ma
jority of wheat farmers, many of
' whom are complalnln because of a
lack of moisture. ,
Weather conditions have been Ideal
the past week, the days, as well as
nights, being cool, with frequent show
ers, no high winds and no burning sun.
,As there was little or no wind with
. the rain storms, little of the grain has
been knocked down, and the heads are
filling in an excellent manner.
In the light land sections little rain
has fallen, and the growers Bay the
crop would be greatly increased and
would be of a better quality with
heavy precipitation during the next 10
days. While the heads have formed
and the kernels filling well, the farm
ers there sav the heads are not well
meshed and that a short crop will be
harvested.
Money .and Exchange.
London, June 13. Consols, 73 d;
silver. 25 15-1 6d: bank rate, 3 per cent
New York, June 13. Sterling ex
change, long, $4.87; do. short, $4.89;
silver Duinon, oc.
San Francisco. June 13. Sterling ex
change, so aays, i4.ss; do, sight,
$4.88. Transfers, telegraphic, 4 per
cent premium; do, sight. 2 per cent
premium.
AVant Cheese Factory.
According to the Wlllamina Times a
cheese factory at that place ought to
prove a winning card If the rlaht man
was back of it. Amity is now running
ltscondenser at full capacity and tav-
lng at the rate of S 7 cents for butter
fat. That beats 25 cents for cream,
does It not? And yet a cheese factory
could pay as much as the condensers
are paying.
' Peach Crop Heavy.
Myrtle Creek. Or., June 13. Crop
conditions were never beter In this
vicinity than at present. The peach
croo Is unusually heavy this year and
like all other fruits is two or three
weeks earlier than in former years. Ad
pies, cherries and all kinds of small
fruits are in great abundance.
Trainload of Sheep.
Eleven, cars of sheep were shipped
. from the Condon yards Tuesday. .They
were bought In Gilliam and Wheeler
Counties by R. N. Stanfield and con
signed to the Omaha markets. J They
will be unloaded at Pando. Colorado, to
. grass. - There were 3232 sheep in
OCCASION
BEARISH
ARGUMENTS
the
train loao. -
Sheep Sent East. .
Two trainloads of sheep were shipped
out of Umatilla country Tuesday. One
train was billed : to Chicago and the
otaer to Colorado.
EGGS WOU
LD
SMALL SALE RECORD
IN STOCK MARKET IS
E AT THE CLOSE
Transactions In New York Yester
day Were Unusually Limited and
Trade Is Scarcely Showing
ieclded Movement. "
New York, June 13. The volu
me of
business today In the stock market
was the smallest on record. Thejtrend
of the trade was scarcely notideable,
so limited were the transactions.
The street seems to be waiting for
the rate decision. Opinions vary
greatly as to when the findlngi will
be made known but as a general jprop
ositlon it appear to be anticipated
that the same will be handed down not
later thai June 20. The decisloiti will
doubtless be very complex and it will
perhaps take quite a little time to di
gest the same as the commission is
expected to analyze the rate situation
from all angles and to indicate to the
carriera how savings may be inaugu
rated, r
Perhaps the extent of actual ad
vances may prove to be a disappoint
ment to many in which event a selling
movement may occur in the securities
market, but things are In such a well
liquidated state and public links of
stock so meagre that the trade inclines
to the belief that reactionary tenden
cies will not be of great exteht or
duration.
Range of New York prices furrilshed
ny uverneck & t'ooke company, 216-217
i'"rq or i raae puuaing:
DESCRIPTION
Open! High! LolClose
Amal. Copper Co. I
Auier. 0sr fc FiKlrj., c.
Amfr. Cotton Oil. com
Amir. Loro., com....
Araer. Sugar, com ....
Amer. Smelt, eom...
Am. Tel. k. Tel
Ana. Mining Co
Atchison, common....!
Hall A Ohio, c
Beet Sugar
71
71
71
M
42
31
32
32
32
108
37
123 a
31
3V
91
'Si
634
1234(
31 W
63
123
31
99
91
26
91
194
14
100
: 41
2
27
22
2U
1
Rtooklyu Kan. transit
Can. Pacific, coin..
Chi. lc Ot. West., c.
Obi., Mil. k St. Paul
Chlno Copper
f.'hesa. & Ohio
Colo. Fuel & Iron, c.
VmU). Southern, com..
164
14
'il
62 V4
194
14n
52yJ
Erie, common
General Electric .....
Crent Nor., ore lauds.
(Sreat Nor., pfd
W Securities
Illinois Central
Inter. Metropolitan, c.
I.ehlgh Valley
Kan. City Southern..
Mexican Pet I
29
29
20 yk
29
148
31
124
31
31
31
.113
13
136
27
62
139
17
18
45
14
65
93
25
14
27
139
18
1T
27
i3'
18
184
27 A
Louisville & Nashville
Mo., Kansas & Tex., c
i:'9
18
Missouri t'acinc
National Lead
Nevada Consolidated
New Haven
New York Central..
17T4
i
106
es vJ
03 V1
N. V., Out. & Western
.Nor. & Vest., com
Nor. Pacific, com..,
I'enn. Railway
io5
111
111
U1U1
Peo. Oa.. L. & C. Co
li
.120
Pressed Steel Car,
May. Cou. ' Copper
C.I 44
41l W
44
21
115
23
2
94
21
34
156
58
67
56
80
61
76
at
l4i
94
!i5
21 HI il
l5'104-i
23 23
31 2
4 4
Heading, common ....
Kepub. I. as Steel, c.
Hock SIsiand, com. . . .
St. L,. & S. F.. pfd.
Sou. Pacific, com
Sou. Pacific, coni
Tenu. Copper
I'ulon Pacific, com..
V. S. Hubber, com....
TT. S. Steel Co., com.
Ptall Copper
Virginia Chemical
Wabash, common
West. ITulon Tel
Wetliighoue Klectric.
23 24
16
62"
b9
136
'02
5
153
68
61
76
1
76
81 J
7Vi
Total sales 86.200 shares.
JOBBING PRICES OP PORTLAND
These prices are those at which wholesaler
ell to retailers, except aa otherwise stated:
BDTTF.R Nominal Willamette valley cream
ery, cubes, selling price, 24c; state prints.
2't27c; ranch butter, ISc; city creamery,
" BITTER FAT No. 1. Portland delivery,
26c lb.
E(i(;S Selected. Candled local. extra.
22U2.'te; cage count, 21 c; buvlug fl o. b.
Portland. 20c.
L1VK POl ITHY Hens. 13(ai4c: bjollera,
18C1)2."r: stags, live 12c; pigeons, old,
12c; turkeys, 20c: drexsed, 25c; pigeons, old,
$1.00W1.25; squalm. $2.50t3.O0 dozen.
CHEKSK Nominal. Fresh Oregon Ixny fall
cream twins and triplets, 16c; daisies, 16c;
iuuuk Auienra, wc.
Fruit and Vegetable.
BERRIES Cranberries, local, 9(g9.60 per
barrel; eastern, 12; atrawlierriea, Oregon,
MOc&l.OO; loganberries, $1.25; raspberries,
$1.75 per crate. 1
FRESH FRUITS Oranges, navels. 12.269
3.0O; tangerines, l.T5t2.00; bananas, 4c
lb.; Urinous, 4.5u'ixo.iU; limes. $1.00 per
100; grapefruit, Cahturnia, $3.25; pineapples,
7e; cherries, 5(12c lb.; ooseberries, 4c Ib.j
peaches, 90cCa$l.lo; cantaloupes, $1.75W2.23.
VEUETABLES Turuins. 1.50: beets 12.00:
carrots. $1.75; jiarsulps, $1.00 Back; cabbage,
local, lc; California. lc; Florida tomatoe,
$4.50 crate; Cal. $1.15 per box; green
onions. 12c dozen bunches; peppers, bell.
Z0c; head lettuce, $-1. 25(8,1-75 crate; hot bouse
lettuce. $1 per box; celery. Florida. $3
75 per
crate; esg plant, 25c; cauliflower. localL ( ):
California. $1. 50132.00 crate:
French
string
3c lb.;
: local.
artichokes. 85c dozen; sprout. ( )
beans. 90410c; I.Iuih beans, ( ; peas.
aparagus. Walla Walla. oer box
l.uu per dozen nuncues;
hot bouse rnenm-
bers. KOC&41. per dozen
UMUrnt California red. S3.noG3.2a
sack;
choice,
; new.
carnc, lZ'Vaiiac lb.
ruxAiut. selling price: Extra
0Oc; choice, 80c; ordinary, 75 sack
$2.25.
nop, wool ana mae.
HOPS Buylna price, choice. 16c:
prime.
1Kii ntairllnm . 4n nM ll e I4n- AAn(ianta
loc.
CHITT1M jR CASCAHA BAKK Car lots.
oc: leas man car iota, oc.
M O H Al K 1 0 1 4 27 ti 27 c.
WOOlr Nominal. 191 cllu: WlUamette val
ley coarse cot&woia. it 'aci medium
hire, 18c; choice fancy lota. 10ffi20c lb.;
eastern uregon, i$2uc, accoiaing to shrink
are.
HIDES Dry hide. 2223e lbs.: rrn. llO
12c; salted hides, 12c; bulU. rreeu salt. 861
0c; Kips, li0l4c; calvea. dry, 25c; aalt skins
salted or green. 18&20c; green hides lc less
than aaitea; sheep pelts, saitevi, shearing,
10g25c dry, 10c. i
Meats, tiaa and frOTlalon. 1
DKESSEO MKA1S ttolUng prica Country
I. 1 1 .1 - LJ. . ln I i ti i .
rough and heavy, 0c; fancy veal. ll$llc;
orainary, vjiiw; poor, mutton, oc,
goats, 84c; spring lamoa, 10c. !
tiAJnS, tJALiorH, t nit. man, I8gi9c;
breakfast bacon, 12tf27e: boiled ham, 28 c;
nlcnic. 13M,c; cottage. 2lc. i
lltiis-racaing nouse ateera, rvo, l stock.
13c: cow. No. 1 stock. 12c:. ewe. I 1014c:
wethers, 12c; lambs, se; pork loins, 19c;
aresaeo noaa. ic.
OYSTERS Sboaiwater bay, per gallon ( ):
rer iw u. aaca, i j ; wiympia. per i gallon,
3.60; per 100 lb. sack, ); canned eastern,
65c can; $4.50 dosen; eastern. In shell, $1,753
2.00 dcx 100: razor clam. Z00tti2.25 bos:
eastern oyster, par gallon, solid pack, $3.00.
tistx nominal, uressea tiounaer. 7c
Chinook salmon, 12c; bluebacks, ,10c; hal
ibut, 47e lb.; shrimps, 12c; perch, 6(3
8c. lb.; lobster, 3oe lb.; silver smelt. 8c;
bad, 8(2 4c; roe shad, 0c lb.; salmon trout.
ise.- . I
LARD Tierces, uc; compound, tierces.
l&ftC.
CHAB9 Large. $2.00; medium, $1 dosen.
V
Grocer! e.
trait
or berry. $5.06; beet,. $4.85; dry granulated.
sa.so; u yeuow, .. adotb quotations ere
) day net caan.
K1CB Japan tyle. Ko. 1. 6es4e; Kew
HOXfeY New, $3.2503.50 r4r case;
' REANS Small whit. 6Hc: larrc. whita.
5e: pink, 610c; lima. 7c; bajo, 7; red,
8?ic. .
8ALT Coarse half ground, 100s, $10 per
ton; oos. fio.is; taoie oatry, so. 18; 10c
S17.&0: bales. $2.25: extra fine barrel. 2a
5 and 10a, $5.258.O0; lump rock. $2.50 per
ton. I
Fainta and Oils.
UNSEED OIL Haw bbls.. Sic per raL
kpttle boiled, bbls.. 63c: raw eaaea. BSn
boiled cases, 68c gaL; lota ot 250 gallons, le
less; oil cake meal, $44 per ton. i
WHITE LEAD Ton kt, 8c per Ib.fe 600 .
lota, ec per in.; jeaa lots, oc per ID.
OIL MEAL Carload lots, $34. I
TCKPENTINE In case. i3c wood bar
rels. 70c; iron barrels, SSc per gallon.)
COAL OIL Water white en drums, and
iron Darrei. ivc.
A
BE BIG AID
EGG
DEA A
AID THE PRODUCER
Consumer as Well Would Be Ben
efited by Forcing Sale of Sup
plies fojr What They Really; Are.
Eliminate Mongolian Stocks.
By Hyman H. Cohen.
California poultry Interests have
fallen in Una with the Idea advanced
in these columns that the various
states enact a law that will prohibit
the sale of Chinese egga under falso
pretense.
The California Interests have asked,
through their governor, the coopera
tion of Oregon and Washington, as
well as Idaho, in prohibiting the. sale
of foreign eggs unless the stock Is se
cured by a suitable label.
Eaoh package of eggs should con
tain the name of the producer and the
section in which It -was produced.
This wouidKpply to the .Pacific coa.it
productaswell .as to the eastern and
foreign 2rings, by forcing the sale
ot tne eggs in tneir original pacaages.
or else compelling the seller to-place a
proper label upon the package into
which the eggs may be transferred
There has been much loss suffered
by American producers durine recent
years because cold storage and foreign
eggs were soia oy speculative interests,
and the average buyer has been led to
believe that he was getting local fresh
ranch stock, while, in fact, the eggs
may have come from China or Borneo,
and were probably ready for the gar
bage barrel.
Of course, there are honest dealer,
who would not stooD to such practices.
but there seems to be sufficient of the
other kind to manipulate the markets
and therebv. charae a larger Diice to
the consumer and allow the producer
a smaller one. It is a game that has
Leen worked at both ends, and both
consumer and producer are getting
misrhtv tired of It. The onlv one ben
efited is the speculator, and some of
these are said to nave Decome quite
wealthy durinar recent vears.
It has been suggested that every
farmer write his member of the legis
lature In an effort to have a suitable
law enacted for the good of the ln-
Half Cent Advance
Made in.the' July
Option in Chicago
Chicasro. June 13. The half cent
Imnrovement in the July wheat price,
compared with Friday's close, may be
traced to two influences. jne wm
the Hnreadinar ODtions with MinneapO'
lis buying in this market and selling
there, rnis was notea uuin n wra
late and had much to do witn tne rei
ativo. rirtnnji in the earlv months,
The other feature was the forecast of
an unsettled map over to Monday. It
la mor than likelv that the trade Is
borrowing trouble on the weather.
proposition. The heaviest rains for
the week have been over the states
north of where the harvest is in pro
srrnHs. Few if anv complaints have
come from the states where wheat
cutting is in progress.
Minnonnnlls messaaea reported Haul
datlon in July wheat and selling of
September Dy mins. mere wa a.
nnrt from Snrlnef ield in this state,
fh ha event la likelv to be 10 days
earlier than usual and possibly wheat
Is shriveled somewnat py receni ex
treme heat.
Outside markets ruled rather slug
gish all -day. There was fair activity
In the cash trade with sales of 250,
000 Including 150,000 to mills and 100,
000 new crop to exporters.
At the best point of the day there
was an advance of a little better than
4o in July corn. The speculative
market was helped greatly by a dis
play of strength in cash corn, it being
quoted steady to lc higher. Every
thing points to a falling off in re
ceipts and an Increase in the demand.
Range of Chicago prices furnished
by Overbeck & Cooke company. 216-217
Knini of Trade buildina:
. UPen. ign. jjow,
Close.
84A
82A
8S B
July
83 84 83
82 824 82
84 86 84
Sept.
Dec.
CORN.
. 70 714 70V4 71 B
67 68 67 68 A
July
Sept.
Dec.
July
58 58
58 58B
OATS.
39 40V4
38 38
39 39
PORK.
.2105 2105
.2000 2002
LARD.
,.1010 1010
..1027 1027
RIBS.
..1140 1140
..1145 1145
39
37
39
2095
1995
1010
1025
1137
1140
39
37B
39
2095
2000
1010A
1025B
1137
1142B
Sept.
Dec.
July
Sept.
July
fcept.
July
Sept.
Big Sheep Deal.
Lakeview reports say the first large
sheep sale this season and one of tha
largest in several years was consum
mated last week when Ben Daly sold
1000 old ewes and lambs, ana ail this
year's wether lambs from the remain
der of his flocks to W. Thorp, buyer
for E. H Tryon or san .Francisco, xne
total number of sheep in the deal will
amount to approximately 4500 head.
The ewes brought 4.&o per neaa, me
lambs from these $3, and $3.10 for all
other wether lambs.
Klamath Mill Operating.
XT 1 V. Valla ft. TllTIA 19 Af.tr..
ley Brothers' mifl has started for the
summer. They expect to cut between
3,000,000 and 4,000,000 feet during the
Rpaaon. ana are wen supoiiea wiin iuks,
as their, camps have been operating all
winter and spring.
There are about 22 men employed In
the mill, and with the crew at the. log
ging camps they nave v men em
ployed. Cherry Rot Is Feared.
Eusrene. Or.. June 18. The crisis has
been reached with the cherry crop in
Lane county, accoraing to statements
made today by growers. The fruit is
at the stage where it is liable to at
tack from tne Drown rot ana tne
changes In the weather within the next
few days will make a difference in th
value of the crop.
Wheat Prospects Excellent.
Kennewick. Wash., June . 13. Hor ?8
Heaven wheat ranchers are elated over
the prospects for a record crop ot
wheat this year. Owing to the fre
quent rains and the continued cool
weather this spring, the grain looks
better than it has for years, and bids
fair to be matured before the hot dry
season strikes It.
Mohair Values High.
Myrtle Creek, Or., June 18. P. A.
Pearce of Galesvillo brought in an An
gora fleece which he figures will bring
him from $70 to $100. The fleece
was taken from a 2-year-old buck, and
measured two feet, an average of an
Inch per month. '
San Francisco Barley Calls.
San Francisco, June 12. Barley
calls:
June 12. June 1$.
Close. Open: Close.
December ..101 H 101 - 101 H
May 10B - lOftt 108)4
AND
GOOD
THING
WOULD
TO THE HOME PRODUCER NEARLY ALL FARMERS
UBLiC
MARKETS
LOS : ANGELES ARE
F,
Peddlers Take Advantage of the
; Situation to Get Cheap Rent and
the Consumer Is Not Benefited;
Producer Is Not Helped. '
Los Angelesf June 13. Los Angeles
reports . a striking Illustration of the
fallacy of municipal markets for
working tremendous reforms which are
usually cracked up for them when they
are first established. Such a market
was established In mis city to solve
the high cost of living by bringing the
producer and consumer together and
eliminating the wicked middlemen. At
a recent meeting of the city council
the municipal market master proposed
a further extension of the system and
round the city fathers unanimously op
posed, naving Deen eniigntened Dy ex
perience, they frankly admitted.
"The municipal markets have failed
completely In serving the public, as
far as I have been able to investigate;
said Councilman George William J
chairman of the municipal committee.
lu charre of- the schemes. "The one
who really Is benefited is the peddler.
"The'markets are not filllne the bill.
because , they do not e-et the producer
and the! consumer torether. The pro
ducer prefers to sell to the jobber in a
lump, rather than to spend a whole day
selling direct to the consumer, and then
possibly not clean up. As I have said,
they are a great thing for the peddlers,
but I can see no reason why the City
should go out of its way to aid tnem,
without benefit to the consumer.
"with a few rare exceptions, all or
the produce offered is purchased at the
wnoiesale markets, tnrougn regular
trade channels, and hauled to the mu
nicipal markets by peddlers. They pay
in or Z6 cents per day ror tne privilege
of sellina from one sDot and not trav
eling over the city. I don t Diame
them I would do the same thina my
self, if I was in the neddlina business
for the consumer pays the same price
and carries his purchases home. The
peddler sells his goods at less expense
and with less labor. He is the one who
profits, not the consumer.
"I inspected one of the markets
few days ago. One man and a woman
constituted the sales force. They had
evidently purchased about the poorest
stuff available at the market. This
low grade produce was being, sold at
radically regular retail market
prices. Strawberries were offered
three boxes for 10 cents, and they were
vt-ry poor. Good berries were selling
regularly at 5 cents per box the same
day.
"This Is what I feared when the mat
ter of markets was broached a year
ago, but I did not allow my prejudice
to influence me than, and helped to es
tablish the system. I even offered the
city the use of two lots near my store
for use as a market site. I did not do
this entirely from charitable motives
foi I figured that, even if the scheme
worked out as its advocates pictured, I
cculd buy my own fruit and vegetables
there, instead of the wholesale mar
kets, at a saving.'
The four markets still in operation
may be continued, as they are not cost
ing the city anything. It Is doubtful
If others will be opened. Last year
there were nine municipal markets,
and the public was calling for more.
Domestic Wool in a
Better Movement
Boston. Mass., June 13. While the
transfer of foreign wools the last seven
days has been less than in the pre
vious week, domestic wools continue to
move freely, the total sales being esti
mated at about 5,000,000 pounds. New
fleeces at last have begun to move and
a seasonable movement in territory
wools is . rapidly getting under way
values, especially of fleeces, are slow
of adjustment, but quotations are being
gradually lifted to the level of the
prices recently paid in the country.
Advances of 7 to 10 per cent are
predicted on the new light weight
goods, soon to be opened.
Uncertainty remains a factor in the
local wool market. Manufacturers are
forced to pay prices which they know
to be higher than the goods market
warrants, but they must have the raw
material to keep their plants running.
They feel obliged to secure a supply of
wool before values soar out of reach.
New clip territory wools are still of
fered here at a price that looks rea
sonable compared with going prices in
the west.
Banks Hoarding Gold.
The fact that within the past few
weeks, the state ban-e of France, of
uermany ana oi nussia nave eacn re- ;
ported the largest gold holdings of
their history, makes interesting a gen
eral comparison with a year ago. The '
total gold reserve of these three banks
combined with that of the banks of
Austria and Spain, exceeds by $287,
000,000 that which they jointly held a
year ago. This amounts to 62 per cent
of the world's gold output of $455,500,
000 in 1913.
Cannot Ignore Crops.
Paris, June. 13. For the first time,
in their review of the markets. French
financial writers have begun to speak
of the prospect of a record wheat
crop in the United States, as some
thing that, later on, may influence the
markets. The influence of New York
in the copper, iron and steel industries,
it must be said, is not yet making for
a cheerful market; but there may be
something in prospect in those direc
tions also, the same authorities take
pains to note.
Looks "Well for Crops.
From Burns comes the report that
the heavy rains of the recent date fol
lowed by nice warm weather has made
vegetation -et a move on and that sec
tion is going to have another one of
those DiR crops tnat tiarney county is
famous tor. There will also be a big
crop of pigs to feed the grain to, and
a modern packing plant to take care
or them at slaughtering time.
' Sheep Are Increasing.
Lakeview, June 13. From all re
ports there will be an enormous in
crease in the sheep population this sea
son. Nearly all the "lead" bands that
have been marked nearly ' reach 100,
and- from those marked it is believed
that the general increase will average
about 90 per cent.
Steel Trade Is Better.
Pittsburg, Pa., June IS. The Iron
and steel market has shown a notice
able degree of Improvement in the past
week. In several quarters orders are
reported as of larger volume, while al
most universally there is more inquiry,
both for pig Iron and for finished steel
products.
. A Curious Counter-Influence.
- "Despite the dullness of the home
market and of South America," one ob
servant financial correspondent' writes
from Berlin, "the demand from eastern
Europe appears to be reviving and
great hopes are being placed oh the
renewea prosperity oi tne jtaiKans.
Crops Are Big Factor.
"Western markets," the Iron Age's
MraartAn1an PhiAO -v -n pWab
"can scarcely escape the Influence of
crop rerjorts. and at this time thn. tros
pect of a record breaking harvest is
coloring the general tone or the situa
tion. AntlclDation of a business re
vival In the fall is becoming a factor
in tha present trend ox affairs."
DECLARED
AILURES
HOG PRICE BASIS IS
TOO LOW HERE WHEN
EAST IS CONSIDERED
Values at North Portland Are 20c
Below Lowest Yards East of the
Rockies; Condition Is Not Nat-
ural One at Present Time.
PORTLAND LIVESTOCK RUN,
Wk. ending Hogs. Cattle. Calves. Sheep
June 13 ...2317 '1497
35
5967
June 6 -...,4809 1607
May 0 2488 I 940
100
101
95
89
89
29
8484
4449
6164
6863
6863
6940
9574
May 23 ....4490 '1064
May 16 3577 1197
Year ago... 5409 ; 653
years aao. 17 17 1612
3 years ago. 1297 1610
By Hyman U. Cohen.
There is something wrong with the
demand for hogs at North Portland
when values here reach a point where
they are lower than any other stock
yard market of importance in the
country. There was no big run of
swine to swell the totals In the yards
this week so that killers could claim
an oversupply. The run was a moder
ate one. In fact, the lightest for many
weeks. The total showing for the
week was but 2317 head, compared
with 4809 last week, 2488 the previous !
weeK ana 54U for this same week a
year ago.
While it is true that at one time
during the week the price of hogs was
in tea ana it. looaea as r toners nere
would at least elevate values to the
point where Us nearest eastern com
petitor stood, the trade during the
later week became less keen snd val
ues slid accordingly.
At the week"s closing, while Chicago
was quoting $8.27. Kansas City $8.10.
Omaha $8.05 and Denver $8.05, North
Portland was selling tops at $7.85, and
only a small supply went at that price.
Price Zs Too Xow.
While packing interests of the Pa
cific northwest were endeavoring to
secure the cooperation of growers In
adding to the supplies of hogs in this
section, the assertion was freely made
that the price here would generally
rule at least around the Chicago level
most of the time, but would never
drop below that of South Omaha. At
the present time the local market is
quoted 20c below the Omaha price and
has been in a similar condition for
some days.
"Whether this means that the Pacific
northwest is today producing more
hogs than the wants of the trade can
properly take care of, is a big ques
tion. The fact remains that hogs are
selling here below what they are
bringing In competitive markets, while
the price or provisions is generally
higher. While the eastern provision
markets are gauged entirely by the
price of hogs, the local trade is quot
ing hogs on one basis and provisions
on another.
Oeneral hoe market range:
Best light, 200 lbs....T $ 7.85
Medium 1.75ft7.0
Medium 7.50 7.60
Fat pigs 6.507.25
Cattle Market Zs Quiet.
Movement of cattle to market at
North Portland during the week
showed a further decrease. Total of
ferings were but 1497 head. The trade
is now between seasons, the run pf fed
stuff being about over and the grass
season has barely begun. There seems
to be more or less mystery regarding
values, quality stuff sometimes bring
ing a less basis than what is alleged
to be inferior offerings.
Real good cattle have been rather
scarce recently, and some of these of
ferings have brought the former ex
treme price.
uenerai cattle maraec range:
Select light steers
Good to prime . . .
Good to choice . .
Ordinary to fair .
.$7.7508.00
7.50(7.66
7.0007.35
.6.7507.00
6.757.00
6.757.00
6. 00(6.50
6.5005.75
8.00 49.00
7.5008.00
5.5005.75
Best heifers
Fancy cows .
Good to prime
Ordinary
Select calves
IsHeavy ......
Fancy bulls
Ordinary
5.5006.00
3-ntton Trade Holds Well.
With only a fair run of mutton In
the yards during the week, th trend
of the trade at North Portland was
rather steady and prices closed sub
stantially the same aa during the pre
vious week. Aside from the fact that
killers are not able to secure mutton
In the country at their own prices at
this time the market here is being
influenced to a very considerable de
gree by the fact that rather liberal
shipments are being made to the east
and feeding interests at Pacific rorth
west points are extensive buyers.
General mutton market range:
npst shorn vearlinss $4.6004.75
Shorn wethers . 4.20
Best shorn ewes .ooip.za
Light spring lambs 6.00
Heavy spring lambs . . 5.250 6.85
Chicago Mutton Is Weak.
Chicago. 111., June 13. Hogs Re
ceipts. 9000; market, slow. Light. $7.9o
(S8.Z5; mixea, ji.wras.zi; neavy,
$7 SOffr 8.27; rough, $7.80ff7.95.
Cattle Receipts. 400; market, steady.
Sheep Receipts, 6000; market, weak,
weak. ,
Denver Cattle Holding.
Denver, Colo., June 13. Hogs None.
Cattle 1600; market steady; steers.
$7.75 41)8.30; cows and heifers, $7,600
8.20.
Sheep 600; market steady.
Kansas City Hogs Higher..
Kansas City, Mo.. June 13. Hogs
Receipts. 200; market, 5c higher. Tops,
$8.10.
Cattle Receipts. 100; market, steady.
Sheep Receipts. 200; market, steady
Omaha Hogs at $8.03.
South Omaha, June 13. --Cattle
None.
Hogs 850; market steady to lower;
bulk, $8. 8.05.
Sheep None.
Peonies . Bring Good Price.
Lebanon. Or.. June 13. The straw
berry, mav soon have a rival in the
beautiful peony, which Is grown here
in a statA or man neriection dt ueorare
I Allen, who believes thst the soil
and climate or Lebanon ana vicinity
this superb flower. It will no doubt
is esvw.i"j Quo-vicv. i,, "
surprise many neopie to Know tnat Air.
Allen Is growing over two acres of
peonies In Lebanon. Last year ne
shipped 20,000 blooms to florists in
Portland and Seattle.
Horses Find Good Market.
Charles Parrlsh of Izee. Or., reports
the purchase of 900 head of horses. He
is buying for F. C. Oxman of Durkee.
He bougnt 4uo neaa xrom Mtewart
Bros, of Dayville. who are selling all
of their horses and sheep, expecting to
remain in the cattle business, f rom
the Izee country he purchased 300 head
and then picked up 200 head scattered
around over the country.
Cutting Hay in Idaho.
Star. Idaho. June 13. Haymakers are
extremely busy cutting hay in the
Boise, Payette and Welser valleys. An
drew Little, the well known sheepman
of Emmett, last week cut S00 acres of
alfalfa on the Emmett bench.
a '
Damage Reports Conflict.
A Kent. Sherman county report says:
The reports regarding the damage to
grain by frost last week are somewhat
conflicting. Some think there was no
damage amounting to much, others
think. Uff.r atlv.
T
GETTING FAIR
Mistakes Have Been Made
Through Ignorance of Ir
rigation but All Prosper.
U.NpfRTUTY S REFUTED
Assistant Secretary of Orefoa Conser-
atloa Coaunlsslom Xakss Report
- After Exhaustive ZaTSstlg-atloB.
Settlers on the Umatilla
irrigation project are
getting fair returns al
ready on their investment
and labor.
Thexsoll is
mainly sandy, mixed with'
varying proportions of
silt, with a decomposed
lava rock . substrcam.
Considering the fact that
many mistakes, have been made by
farmers unused to irrigation and that
the soli, like that in all newly culti
vated regions, requires .several years
of working to reach" its highest effi
ciency, the completed portion of the
project la proving a most successful
investment
These are some of the conclusions
reached by Charles D. Mahaffie, as
sistant secretary of the Oregon Con
servation association, in a report of a
personal investigation he made of the
project. Hie report, made to J. N.
Teal, chairman of the commissio is
in part, as follows;
Soil Za Osasral.
The soil found on the project is all
sandy, varying, however, in the amount
or silt mixed with the sand. The mat
ter or most Imoortance from tha
standpoint or Irrigation; Is the sub
structure; In places bed rock is com
paratively close, sometimes a sort of
solidified volcanic ash is encountered,
ana in places a coarser sand and gravel
lies below the surface soil. It la land
of the latter description that causes
ciincuity in distributing and retain
ing water.
Crops.
All sorts of crops which can ordin
arily be found in temperate climates
are being grown successfully on the
project. Airaira Is grown more ex
tensively than any other crop. Prao
ncauy every farmer on the project
raises alfalfa, and the crop this year
is excellent. The first cutting will
1'iuuuce xrom one to two tona per
acre.
Dairying and hog raising are being
practiced largely and with success.
A great deal of fruit has been put
out all over the project, but as yet
very little of It Is old enouah to hear.
The trees, however, are in excellent
cunuiuon, ana those old enough to
bear are well laden with fruit.
General Conditions.
I found no parts of the project which
can be considered "infertile," though
the degree of fertility of different
sections varies and though at present
there are small areas which do not
produce on account of seepage, and
other areas which do not produce as
well as the average on account of the
large amount of water required to
properly Irrigate the land. The soil.
so tar as it is concerned, however,
produces readily by proper application
of water and cultivation. Like all
arid lands soil it is not in first class
condition on the first application of
water, but mellows and becomes bet
ter with use.
The men to whom I talked for the
most part told me that on beginning
their work on the project they knew
nothing of irrigation, that their work
had much of it been wasted on that
account, and that their improvements
could be made by them now, if be
ginning again, more efficiently than
they were made, and at a cost of not
to exceed fifty per cent of what has
been put into them. It seems to me
that the difficulties of this project are
in the main, due to the fact that the
settlers were in general not prepared
to handle the land at the time they
went onto It.
The farmers who have gone into the
dairying and hog raising and who are
raising their own alfalfa, as most of
them are, to feed their cows and hogs.
are already on an income basis and are
making good livings for themselves
and families. Meanwhile, they are
growing orchards which they expect
will make them a handsome profit
when they come into bearing,
Water Distribution.
All of the farmers with whom I
talked told me- that they are getting
all the water they want or can use.
Several of them told me that they are
using more water than they should
and that they are probably losers by
their prodigality in that regard. Some
of the people on the Sandy Hill, and
particularly those whose lands have
not been cultivated long, say that
they' will save water and time in
I spreading water, if they can have
larger head so that it can be rushed
over the land rapidly, and it thereby
will have less time to sink into the
underlying sand in spreading.
Sandy Kill Area.
The Sandy Hill section, about which
there has been the most discussion,
was gone over with particular care,
visiting it both before And after the
rest of the project had been seen. The
Sandy Hill consists of about twenty
seven hundred acres, but of this area
there are water rights 'n only four
teen hundred acres, (these figures fur
nished by the project engineer.)
The settlers on the Sandy Hill are
some of them quite well established
and apparently have their places close
to an income basis; others have only
recently started or have done little
development work, and are still de-
, cidedly In the Investment stage. This
section of the project is considered by
the people on it. ana oy many otners
with whom I talked, exceptionally well
adapted for fruit and berry growing.
Both berries and fruit are doing well
where given proper- care, and while the
trees are very few of them old enough
to bear, they look quite healthy and
are growing well and the berries are
producing heavily.
The problem in this "Sandy Hill"
section is, and of necessity must con
tinue for some time to be, the water
supply. The land Is sandy, though
not materially more so than portions
of the project elsewhere, but it is
underlaid with a coaser aand and
until the soil disintegrates by the ac
tion of water and sun and is built up
by fertilization and the edition of
humus, the water drains orr to such
an extent that an excessive amount is
required. However, on one of the
sandiest portions of it I saw a stream
from a lath pipe about an inch in di
ameter running down a small ditch
by the side of a tree row and carry
ing water In that ditch. for a distance
of about 160 feet. The settler told me
that when be began to work the land
the water would 'not have run more
than 25 feet. ' '
i It is absurd to say, that the soil of
ON UMATILLA PROJEC
RETURN
this Sandy Hm Is generally Infertile.
sou cannot be classed aa "infertile"
which is produclngand producing well.
Airaira on this land is not ususuiy
as good as alfalfa on the lower levels.
rut mm, in my opinion, is not au mo
much to the quality of the surface soli
as to the tact that on account of the
sub-surface conditions above men
tioned, a large amount of water is re
quired to irrigate it properly. This
necessitates more work in applying
the water, and as a consequence the
crop in most cases suffers.
financial Conditions.
A considerable proportion of the set
tlers on this area are homesteaders.
They came onto the land with, on the
average, less money than their neigh
bors on patented land. They also have
more difficulty in securing adequate
credit to stock up their farms and to
aid in developing them and get them
on an income basis, for tre reason that
they have not complete title to their
farms. Depending, for the most part,
upon their own efforts to level their
land and prepare It for irrigation, and
at the same time, getting their land set
to fruit has necessarily made develop
ment work slow and difficult.
The unanimous opinion among the
farmers and business men connected
with the project, with whom I talked.
is that cash payments required from
the ordinary settler within the first
five years or so of his settlement work
peculiar hardship upon him, lnso-
muah as it is not only difficult for him
to raise .money because his Income
during that period is very limited, but
that any money he can raise is so bad
ly needed, and can be so advantageous
ly usea in developing bis iana or put
ting stock upon it.
Sxperlsnoa.
Settlers who have cultivated land
in this section for three or four years
told me that the amount of water re
quired by them on their holdings now
would not average more than half that
require when they first began . to
apply It. The Reclamation service is
allowing eight acre feet on this sec
tion and the estimate of the amount
of water to be used this year, as given
me by the settlers, varied from three
to twelve acre feet, according to the
length of time the ground had beent
In cultivation, the condition of the
ground, the crop being raised on it,
and farming methods of the settler.
Complaints.
This being largely a fruit district
and the return from the land conse
quently being slow, while the outgo
ror tne improving or tne land at the
start when everything had to be done
was large, a farmer, unless more sub
stantial financially than most of them
were, soon found it difficult to make
cash payments for his water right. Ac
cordingly, protests and petitions to se
cure an extension or remission of pay
ments' became numerous, and the pro
testants in order to gain their point.
made the protests as strong as possi
ble. The difficulty of raising cash is
a real one for many of the farmers, but
human nature, and not infertility oX
the soil. Is responsible for much of the
distress described in those petitions
and letters. Even on the Sandy Hill,
whence a large proportion of the com
plaints have heretofore emanated.
found only one farmer who gave any
Indication that he is particularly dis
satisfied witn conditions there, and
his chief objection was not to the fer
tility of the soil, but was directed to
the fact that a large amount of water
being required to irrigate the land
properly makes Irrigation expensive.
The' chief and most frequent objec
tion I heard to the project or the way
it Is administered, was to the fact. that
the government has not brought the
water to each forty acre tract as it is
claimed was promised by the engineers
formerly in charge. It is contended
that the failure to bring the water to
each tract very considerably increases
the expense to the settler, and that it
s an expense which is difficult for
him to bear.
Conclusion.
It seems to me that the-crops grow-
ng on this land at the present time
disprove ss conclusively as is possible
the allegation that the land Is. to any
considerable extent, "infertile? and
. V. AnAlAMA knlh Vi... an, .1
where, is that as the land is cultivated
and crops are grown on it from year
to year, it will become more fertile.
The farmers on the project are, for
the most part, doing well and It is
doubtful if there is a less percentage
of failures or cases where men are
having extreme difficulty in making
ends meet in any section of the' state.
The cashier of the Hermtston bank
told me that he had lent $16,000 In
the past eighteen months to farmers
on the project to buy cows, and that
the notes were all being taken care of
and that he has not had to take
single cow on account of the indebted
ness.
I am no soil expert ana my Judg
ment Is based only on what I saw in
the way of results. But after all, the
results are a large consideration. And
with farms in operation all over the
project, the results of Intelligent use
of the land are gooa. Tne proauction
from the soil is of more consequence
than the composition of And In
the way of producing crops this soli 'a
doing excellently. As to the project in
general, from an agricultural stand
point, and aside from the problems of
the Sandy Hill area, a cove mentioned
there can be no question in any rea
sonable mind. Intelligent treatment
and cultivation of the soil is necessary
to the success of any irrigated land.
And where Intelligence and labor are
being applied in fair quantities and
proportions to this soli, it is respond
ing and the results are gratifying
Tired Feet
With the coming of summer the
usual foot ailments Increase. A. medi
cated foot bath and a few minutes of
klliAA work on the part of our sur-
?eon chiropodist will relieve the tired
eellng. Latest sanitary methods. Bar
ber shop. Journal building. (Adv.)
Overbeck
& Cooke Co.
Stocks, Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trade
Correspondents of Logan A By ran
Chicago. New York.
816-817 Board of Trade Buttdlar.
J. C. Wilson & Co.
KET7 YORK. blOCaw EXCHAHOB
XKW TORK COTTON EXCHAMQI
CHICAGO BOARD Or TR1DB
THK STOCK AND BOND EXCUAWaS
BAN FRANCISCO
POKTULND OFFICE -
MB Oak St- Ore-aA rioer, Xw1a aWA,
LAD WITH HOE AT '
SALEM IS EXAMPLE
OF ZEAL AND GRIT
Perry N. Pickett . Fights
Weeds With Butcher Knife
, Because Arm Is Broken.
WANTS TO BE SURGEON
At State ralr -U -Cade pleadld Seo-
t or Taried Bxnlblti Is
Bat la Tears Old.
(Ssltm Burcaa ef The Journal.)
Salem. Or., June 11.
Keal snd determination
that win are exemplified
In Perry N. Pickett, a 11-
year-old Salem boy, who
is fighting the weeds la
his garden with a butcher
knife because a broken
arm won't permit him to
use a hoe.
Perry made a splendid record at the
last state fair with his exhibit, and
this year he is out to win one of the
grand prises, which means a free trip -to
the Panama-Pacific exposition next
year.
Several days ago. while wrestling
With another boy at school, he fell
and broke his arm.
I'm glad it is my left arm. as I
can still use my right arm to hoe my ;
garden. were his first words, aa he
gritted his teeth to keep the pain from .
forcing the tears from his eyes.
Hut after the doctor put the boy s
arm up in splints and he tried to hoe.
he found he couldn't stand it as the
Jar was too painful to the injured
arm. Then he went after the butcher
knife and is keeping his garden clean
from weeds with that.
At the state fair laat year Perry
surprised everybody with his varied
exhibit and won more prises than any
other boy In the state. He won the
blue ribbon on canned fruits and
vegetables. He had an exhibit of $
Jars, no two alike. He won second on
dressmaking, third on celery, fourth
on the Invention of a labor saving de
vice and fifth on popcorn.
State School Superintendent J. A.
Churchill declares perry is about the
most wonderful boy In Oregon, and
County School Superintendent Smith
and others who are acquainted with
his work hold similar views. Natural
ly he is an enthusiastic booster of the
industrial club work.
Perry says he wants to be a great
surgeon some day and that learning to
sew and can fruit will give his fingers
needed training for the important op
erations he expects to perform later .
on.
BOLT IN SKULL IS FATAL
Little Fall. Minn.. June 13. A large
bolt under thcr front axle of a woo
cart penrtrntl t)ie skull of August
wensel. 75 yenrs old, driver "t the
wagon, when a wheel came off, throw
ing the man beneath the vehicle. Im
paled, his head in the dust of thi
street, Wensel was dragged two block
before the horses were stopped. He
died on the way to a hospital.
T1LX8P0HTAT10X
HAMBURG A, AMEOICAll
I Lartfest &S.G&
I 9
442 Ships
in the
1.417,710
WORLD
JONS
Going or Coming
Travel by the
HAMBURG-AMERICAN LIKE
VAJUS, X.OnDO,HA-ntTXO
juvz saxuwqs
txrsaBsylvaoia SMI, 12 KoSa
UtPiEATOa zTtb, 13 Nwm
. JTJXY SATXX-rai
Tnu. LineclB July 2. 11 A. M.
VATEMLAND Juir T. lu A. M.
K-usTin An-. Vio.Juir 11. t f. fcl.
JiBstsri Julr IS. II A. 1J.
PEX AT0K, Julr i. 13 Soum-
Frotoii........Julj 9M. 5 P. H.
It. Ursat Ju.r Ui. IV A. M.
xrVruitd nUa "iilr. Hamburg
dlirt. tCsll 1 iVmlocB.
Mediterranean
Gibraltar, Naples and Genoa
t. ft. Hurf ....Juu . 3 I'. M.
I. ft. Moltks July IS, S P. M.
I. ft. Haaiburg Aug. , l P. U.
ft. 1. Mitk....Auf J7. 1 Y. M.
TWO CRUISES IN 1915
Around the World '
Thh Panama Canal
Irmu .' t'rsM iacw by Cruising ,
Mramr
"Cincinnati.; Feb. 8.
"Cleveland' Feb. 22.
fS SATS
i" each cairxxs
uu.
lochidlua sll ii i-nuMrr
Le Aagle a4 Sea IMega,"
STEAKSHlPi TALE AND HARVARD
Ballroad ur mur trrmr to Saa Kraarlseo.
the KipusltfcMi City. I.rjrrst. fait' ad
tbe ONLY trirtlr flrt-rU uatixr biM
os the Coait. Avers- r to, 2 mile a
bbor. Cvt 2.K,000 rurh.
AX JAAJfCIfCO. POaTLASTJ LOS
ASOIXE A ft. CO. . .
Fraak BcliAm. Agaat.
134 Third St. Mala 2tt. A-4S0S. -.- -
Steamship Breakvaier
Ball frost Ai--wrih 4urt. I'ottUas, a.
May 18. ZS. ZS. JUS 2. 7. 1Z. IT, ZZ. ZT.
Freight aU Ik bet office tower Alaarwerta
oc. Portlaae Cx Bay S. A Mae. L. H.
Keating, A (rat. Phone Mats Moo. - A-ZSSA
I
la srd.r ta Mur caete iswa I
1 Ncal lit 4 kookoe . - I
1 Write fur buoklrl. I
il BirbirAmeritt-line ll
Bary Pimr. ft
krUM. It Fr.cU- mttim 1 1
204 fetoekw St.. c W.-W
. C-. Morth laiii
D. . O. . a.. Bun-
it lngtca aeuu, MLwaakvae TP
V. . a. u a., linti tj
W frtra a'., X. B. I C
VV Sjntta. Taua aae
utlu