X
"J
r .JEW' i-lTKi. "i . . . .. - : ' - 1 "..
1
x tiE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, OCTOBER 18, 1914,
PRICE OF WHEAT STILL CLIMBING AT ALL CENTERS
GENERAL BUSJESSNEb
Edited by Hyman H. Cohen.
WHEAT MARKET HAS
EXCITING WEEK IN
THE WORLD'S TRADE
IS
BIG BULL MARKET
Sharp Advance in Prices o
Wheat Has .
L FEELING IS H
AXTElNJXIOiM !
About $12,000,000 to
Wheat , Groyei
FOR WHEAT CAUSES
SHARP PRICE BOOST
GOOD IN THE MARKET
FOR STOCK IN YARDS
of the Noryiwest
VERY LOW PRICE
WOOLGROWERS HAVE GOODOUTL(
BUSINESS
GENERA
SHOWN
HOPS AT
ETerywhwe the Market Is Firmer
and Kharply Higher in Price;
Europe Is Insistent in Demand
for Additional Supplies.
Wheat prices were advanced sharply
at all world' centers during- the week,
fully confirming recent forecasts made
In taese reports. All foreign markets
were sharply higher, and there was a
greater demand from all centers than
has heretofore appeared during even
the present exciting iseason.
Kngland and France were extensive
bidders for wheat at sharply advanced
quotations during the week, and a num
ber of cargoes were reported sold, both
on the Pacific and Atlantic coasts, for
those accounts.
The position of the wheat market
price continues to show an improve
ment, and it cannot be seen at this
time that the crest of values has by
any means been reached.
As long as the Russian crop Is tlei
tip, there is not the slightest chance
for any diminishing of the strength of
the market. There is no indications
that these shipments will be released
at any early date, and, even i' they
were, it is a big qeustion if the world's
supply Is not short enough to absorb
them without more than passu.g im
pression .upon the price.
The lark of sufficient ships at this
time. Is all that is keeping the wheat
market priee.from running .away and
reaching the highest uoqtation on rec
ord. There is justification for such
price, and has been since the season
started.
Great strength is also shown in the
market for oats at times. While it ia
true that strenuous efforts have been
made by some parties to hold the daU
price in check, it will creep upward
onre in aw hlle. desuite these efforts.
Barley market was steady to strong
er and higher in spots during the week.
CLOVER KKD No. 1. recleaned.
IS'SlSc: ordinary, llV412c pound;
alsike, 11c pound.
FLOUR Helling price: Patent,
15.40; Willamette valley. $5.40; local
straight. $4.(104.60; export, straight,
$4; cutoff. $4.20; bakers $5.00if 5.40.
HAY New crop, producers' price:
Willamette valley timothy, fancy;
$12.60; eastern Oregon-Idaho fancy
timothy. $ir..t0W1B.K0; alfalfa, $13.50:
vetch and oats, $9.00 10.00; clover, $8
per ton.
GRAIN BAGS Nonjinal; No. 1 Cal
cutta, $8.25 fli8.n0.
Merchants exchange official prices
for the week:
WHEAT.
-Bid Price
Sit.
r.lueKtem
Frl.
Tburs.
Wod,
Taos.
$1.02
my,
.06
.00
.93
f 1.00
rortyfold
.$1.04
antv
$1.01
Reel Kurnlsn
.
Hint Klfe
.00
Fred
$25.50
reed
$21.00
Bre win
$22.00
Bran
$23.00
Minrts
$23.00
$1.05
$1.01
.03
$1.02
$l.u
$1.02
.00 4
.07
an
OATS.
.92
$25.7.1 $21.00
HA RLKV.
$21. M) $20.00
$22. V $21 On
MIL.LSTUKF8.
$22.00 $22.00
$23.50 $23.00
$2o.00 $2Ti.00
$20.50
$21.50
$22.50
$23.00
$21.00
$21.00
$22.00
$23.00
WOOL MARKET IS BETTER
Boston Trade Is Helped by Recent
Embargo; Price Are ,1 to 3c
Per Pound Higher.
Boston, Mass., Oct. 17. Local wool
conditions have quieted somewhat
since tht close of the London sale.
Vet, the firmness continues and the
whole of the advance caused by the
announcement of the embargo has
been held. Somewhat exaggerated
Ideas of the value of the matter to
Boston's wool trad have been ex
pressed, but one does not have to
go far among the wool houses to
find that real benefit has resulted.
Prices are materially higher, some
wool men saying that values have
advanced 1 to 3 cents a grease poundl
Total salos for the week have been
larger, than those for the preceding
v eek. estimated as exceeding 4,000.000
pounds. Foreign wools have figured
largely In the transfer for the week,
with something of a clean-up in for
eign crossbreds.
Interest now centers in the foreign
situation. Advices from abroad in
dicate a much more confident tone in
England and the colonics among both
wool men and manufacturers. In gen
eral the feeling may be said to be
vastly improved. First among the in
dications may be noted the decision
of the London brokers to proceed with
the London sales. Short sales must
of necessity he held, but they are
to be held with reasonable frequency.
Dates now announced are November 3
and December 8, 1914, and January
1!. 1915. In the first of the series
all arrivals up to October 30 will be
Included, in the December series all
arrivals to November 30. No limit
has yet been fixed for the January
fale.
Denver Sheep Steady.
Tener. Colo.. Oct. 17. Cattle, 50; steers,
$1.00tl.50; rows ami heifer. fi.00ftrtt.30;
mockers and feeders,. $tj.00ff:7. 23: calves, $8.00
ft 1O.0O.
Hoaja, none.
Sheep, 11.000: market steady; lamb. $6.50
7.25; ewn, $4.2.Vi-l.75.
STEEL TRADE
Pittsburg, Pa., Oct. 17. The steel
trade fails to gain ground. Steel pro
duction and shipments are not over
60 per cent of capacity, while actual
shipping orders received are at a con
siderably less rate than this. As there
is not much of an accumulation of
business on books, it is expected that
mills will curtail production further
ir. the next few weeks. Producers ad
mit frankly that there is every pros
pect that steel mill operations will
Jrop to a lower percentage of capac
ity than ever before in the recent his
tory of the steel Industry. This vir
tually extends back only to the ex
eremely poor year 1896, for prior to
that time much of the product was
iron rather than steel.
Comparisons with 1896, as a matter
of fact, have now become quite com
mon, for until 1914 nothing like the
AMERICAN GOODS FAVORED
Bahia. Brazil. Oct 17. Interest of
Bahia importers in goods manufac
tured in the United States has in
creased greatly in the last few years.
Aside from such American mede ar
ticle as sewing machines, typewrit
ers, shoes, photographic apparatus
phonographs and office furniture
linea in which the northern makers
have no serious rivals the Brazilian
buyer of goods from other countries
has became convinced mostly by a
practical demonstration of the serviceability-
of United States machinery,
Balk of Week Trade in Good Stock
in Willamette Valley Is Around
10c Per Ponnd; Brewers Can
Purchase Almost at Own Price.
Heavy business was shown In the
hop market at Willamette valley points
all through the week. While sales
were probably no greater than during
the similar period of other years, the
taking were heavy and somewhat un
expected, in view of the financial
stringency.
Prices showed a further loss gener
ally during the week, with the bulk of
the sales' of best ualiqty around 10c a
pound. Growers showed much more
disposition to unload than for many
years, and even at the extremely low
values there are two sellers in sight at
this time for every order in sight.
To some extent the weakness here is
due to this fact. As long as growers
are willing to dump their hops for any
old price that brewers are willing to
give, the latter are naturally not go
ing to show any disposition to pay
higher prices. In fact, the more eager
growers have been to dispose of their
holdings the lower went the price.
Practically nine tenths of the hop
business reported In the world during
the last 10 days has been in the Wil
lamette valley. Hops are far cheaper
here and in Takima than in any other
part of the world. Prices here are far
below the standard set for the cneaper
quality New York hops, and are likely
to remaj.n so as long as Oregon pro
ducers overfeed the wants of the trade.
Only Best Apples
Are Now Wanted
President Davidson of Distributors
Says Much of Crop Will
Prove a Loss.
Hood River, Or., Oct. 17. H. F. Da
vidson, president of the North Pacific
Fruit Distributors, accompanied by his
family, loft last night for the east,
where Mr. Davidson will have charge
of the Distributors business for the
season on the Atlantic seaboard, at
tending to eastern shipments and ex
port trade.
Mr. Davidson said: "I will make
headquarters in New York city. I will
stop over one day in southern Idaho,
en route, to look over some of the
fruit interests. I will also stop over
In Omaha and Chicago, to take up the
matter of trade extension work with
our representatives in these cities. Just
what effect the disturbances in Eu
rope will have on our export business
remains to be seen. Our export trade
with Africa. South America and Eu
rope will have special attention.
'During the past few weeks, the
apple market has been the lowest that
I have ever seen at tbe beginning of
the harvest season. This condition has
discouraged many growers in the har
vesting of their fruit and hundreds
of carloads will be left on the trees un
picked and hundreds of carloads ol
the lower grades will remain unpicked
and unpacked. Only the best fruit is
worth sending to distant markets this
year. My impression is that we are
how Beeing the worst part of the sea
son. My observations have been that
as a rule high prices for apples in
the fall are conducive to a low con
sumption and heavy losses in the
spring; when lower prices rule in the
fall it means a correspondingly heavy
consumption in the early part of the
season and better conditions as the
season advances. This season may be
an exception to the rule, however, on
account of the war situation and the
generally depressed conditions.
"Up to the present time exports from
the Atlantic seaboard have been heav
ier than in former years on correspond
ing dates. This is due to the fact that
the season is practically two weeks in
advance of former years; prices are
very low and growers are willing to
take a chance by sending them abroad.
Last year the ruling price abroad was
from 8 to 12 shillings; this year prices
rule from 6 to 8 shillings, which means
practically $1.00 per box less than last
year. Ocean freights are from 10 to
20 per cent higher than last year,
which is also operating heavily against
the growers.
"The districts of the northwest that
produce a large per cent of the crop
that grades below extra fancy and
fancy will hardly be able to net suf
ficient to pay the actual cost of pro
ducing and harvesting. It is only
those districts that produce a large
per cent of high grade and quality
that will make any money out of their
crops; this applies also to growers in
the best fruit districts who do not
take the proper care of their orchards
and who are careless in the handling
of their crops."
FRUIT TRADE IS QUIET
Walla Walla, Wash.; Oct. 17. Little
activity has been manifested in the
fruit market locally the past week, the
growers applying themselves to hand
ling the commercial apples that now
are ready for marketing. The yield
is large, and the local fruit agencies
have been kept more than busv caring
f6r the thousands of boxes brought in
during the past six days.
Liverpool Wheat Higher.
Liverpool, Oct. 17. Wheat closed Id
higher.
Wheat Cargoes Advanced.
London, Oct. 17. Wheat cargoes on
passage very firm, 6d higher.
VERY NARROW
stagnation of that year had been seen.
In 1904, there was really a fair vol
ume of business, and In t908. another
very lean year, there was business
placed steadily from week to week.
In both years prices realized were
much higher than at present, being
maintained by agreement more or less
fully expressed, and the increasing
cost of production, due . to slack op
eration, did not fall so heaviry udou
the mills.
It is to be observed, however, that
the present market is by no means
a strongly competitive one. There is
very Jlttle price cutting, practically
none by the large mills, and not much
by the small mills. The cost cuts no
figure with the buyer, who places or
ders only against absolute require
ments, and irrespective entirely of
what the market prospects may be.
tools. Iron and steel ware and-tectrio-al
equipment of all kinds.
As Bahia now has two of Its princi
pal public utility services equipped
with materials from the United States
their use has greatly increased con
fidence in other articles of northern
manufacture. The tramway section
is entirely American, the power house
installation, the rails and the open
trolley cars all being products of
northern factories. The newly in
stalled telephone service also Is Amer
ican in construction and outfit.
United States Is
In Good Position to
Get a Big Trade
South America Looking to Fs for
Needs Just as Much as We
Look to Them.
By George B. Cortelyou.
Formerly Secretary of Treasury.
The immediate effect of the Euro
pean war is, of course, to disarrange
the industries and the finances of the
entire world, but this country Is in a
better position than any other to take
advantage of the trade opportunities
that will open 'up as soon as the war
is ended. It Is reasonable to assume
that the belligerent nations will be
prostrated, so far as general indufi
trial activity is concerned, as a result
of the struggles they have gone
through, and it is to us th.V will look
for the means to set the wheels of
commerce turning again. In the
meantime, while the conflict Is going
on, our reserves of foodstuffs and
manufactured articles will be drawn
upon by the warring nations to supply
their vital needs, so that while in
dustry In general feels the paralyzing
effect of war there are special indus
tries that benefit.
But it is to "the other neutral coun
tries, especially those to the south of
us, that we must look for the greatest
opportunities of trade expansion at the
present time. These, having been cut
off largely from their usual source of
supply, will naturally turn to us as
the greatest producing nation not in
volved in the war, to meet the de
ficiency. They are looking for us quite as
much as we are looking for them.
With proper cooperation, our mer
chants and manufacturers would have
little difficulty in securing much of
their trade; but the real test will come
when the war is over can we hold the
trade in the face of the determined
competition that will be sure to come?
If established on broad and sound
foundations now, I believe we can. I
believe that the enterprise of our peo
ple, if rightly directed and properly
supported with a fair field and no
favor can still hold Its own against
the world.
So I do not think this Is a time for
despair, but rather for fresh efforts
to push ahead Into new fields as well
as tor tne development of old ones,
that we may rise to our opportunities
and lay the foundations of an endur
ing prosperity.
Least of all do I think this is a time
for the abatement of publicity efforts;
indeed, .these should be redoubled now.
because if advertising increases de
mand and stimulates production, this
is the time to advertise; and the mer
chant or manufacturer who keeps his
product prominently before the pub
lic now Is not only proving his faith in
the soundness and strength of Ameri
can industry and thus setting a goo)
example to his more timid brother, but
Is certain to reap an ample reward in
the njaterial returns that will coma
to him.
FOREIGN CROP ADVICES
Spain Weather is very dry and un
favorable for new seeding. Buying of
foreign wheat liberal, taking advantage
of the suspension of import duty.
rtussiaw earner is unsettled witn
rain in European Russia and otherwise
seeding is delayed and much that has
not already been stored Is being dam
aged. Harvesting of spring is finished
with the yield satisfactory.
Hungary Scarcity of wheat is now
acute as supplies cannot be obtained
either from Fiume or Trieste.
Australia Private reports show a
yield as low as 25,000,000 bushels
against 100,000,000 bushels last year.
Last year the exportable surplus was
57,000,00 bushels and this year the
amount will be insignificant.
Argentine Latest revised official
acreage planted to wheat Is placed at
15,477,00 acres against 16,232,000 last
year. Poor quality of seed and early
dryness were not conducive of a good
yield.
Winnipeg Wheat Is Up.
. .Winnipeg, Oct. 17. Wheat closed lc
higher.
THE WAYS
TJTSTEAXJ
OP COMPKTITIOW,
CO
OFXBATZOH.
(By John Boulter, Chicago Manager
National Mutual Alliance. Copy
righted, 1914, American Society for
Thrift.)
The plan of the National Mutual Al
liance is somewhat similar to the co
operative movement established in
1844 by 28 weavers of Rochdale, Eng
land. Following the plans of the Roch
dale weavers so many co-operative
societies were established that ln 1864
those societies combined and incor
porated a wholesale and manufactur
ing society, known as tbe Co-operative
Wholesale society. This society, whose
headquarters are in Manchester, Eng
land, operates branches, depots and
warehouses at Newcastle-on-Tyne,
Bristol, Liverpool and London, with
sale and sample rooms at Notting
ham, Blackburn, Huddersfield, Bir
mingham. Northampton. Cardiff and
other places in England and Wales.
The Co-operative Wholesale society
carries on business as wholesale deal
ers, bankers, manufacturers, mer
chants, shippers, carriers, insurance
and in all other lines of business not
excluded, by special legislative acts,
such as life insurance. The members
of the Go-operative Wholesale society
are the retail co-operative societies by
whom the capital is suoolied. There
is also in England another wholesale
co-operative; society nd Ja tbe British
TUESDAY
OCTOBER 20
WTOML
Brief Reviews of
Produce Trade in
The Last 6 Days
Chickens Show Sharp Slump With
Greater Receipts; Meats
Are Down Too.
Chicken prices showed another bad
break for the weeK. Increasing re
ceipts were shown during the neriod
and cleanups were forced at lower
prices generally.
Egg market was generally steady
for the week, there being practically
no change in the price. Receipts of
ranch eggs were Just about equal to
the demand. ' Trade in cold storage
slock is neavier.
Country killed meats wprp wnlr and
sharply lower in the Front street
iraue. tsoin veais ana nogs suffered
from the over supply. Hogs sold
down to 9c for extreme tops, while
uesi veais were generally at 11 W
12c for best.
Potato trade ruled weak with littl
business shown in the wholesale trade
No demand is shown from the outside
and local supplies are big.
Onions continued, weak here and
eisewnere in the Pacific northwest.
Growers are generally offering their
stated that the California acreage is
mtitdseu ujr iuuu acres.
Butter market showed weakness and
it is safe to say that the bulk of the
sales of creamery were made at a
loss of lc a pound from last week, al
though list prices of some of the city
creameries remained unchanged.
JOBHLNti PKICESOP POiilLAND
These prices are those st which wholesalers
'U eallr"- except as otherwise stated:
BUTTER Nominal Willamette Talley creaml
ery, cnbes, selling price. 32c: state prints.
3233c; ranch better, 1820e; dtr crcaml
ery. 34 35c.
BOTTKH FAT No. 1, Portland denvery,
EGGS Nearby, freshly gathered 85c can
dled, local, extras, white 3334c; case count,
buying f. o. b. Portland, 30c; eastern, "fresh "
29e dozen. '
VEJP0.T:rljT5lTHeni"- n12c: broilers,
llHc; ducks, Pekln, 1315c; colored, loa
12c; tnrkeys, 18lic; dressed, (); pigeons.
$11.25; squabs. $2.25(g2.40 doa..- geeae? 10?
JACK RABBITS Fancy dressed. fl.fiOQ
4.75 dozen.
CHEESE Nominal. Fresh Oregon, fancy fall
cream twins and triplets, 16c; Tonng Amer
ica. 17c
Fruit sad Vegetables.
FRESH FRUIT Oranges. $2.50(83.00; ba
nanas, 4c lb.; lemons. 5.006.00; limes
$1.00 per 100; grapefruit, $4.50fl per ease;
Elneapples, 7c pound; peaches, 405Oc; canta
rapes, Jlfel.25; watermelons. 90c$l 00
eaaabas, $1.00 crate; pears, 75c$lJK; Tokor
grapes, $1.00 crate, "
ltAPPLES 50ci$1.7S box, according to qual-
VRAnrrAm.irstTWnn at . -. ...
carrots, $1.25; parsnips. $11.25 sack, cab
bage, $1; tomatoes, 60c lug; green onions,
lOfcilSc per dozen bundles; peppers, bell
66c; head lettuce, 75c doaen. celery, 60a
85c dozen; egg plant, 7c; cauliflower, 85cQ
$1.25 doa.; French artichokes, 8590c dozT;
string beans 67c; cucumbers, hothouse, 40c,
outdoor. 204 25c dozen; green corn, 756 1.00
sack; cranberries, eastern, 8 bbl.. local, $3.50
box; peas, 10c; sprouts, 8ftj9c pound.
ONIONS Local, 85c$L15; California, 85c
rsrlic, 17e.
POTATOES Selling price. Extra choice.
(1.00(21.25 per cental; sweets. $2.00.
Hops, Wool and Hidea
, HOPS Buying price, cnoice, 10ai0c;
prime, 99c; medium to prime, !te; medium.
78p pound.
CfiiTTlM OR CASCARA BARS Car lota.
4c; less than car lots, 4c
MOHAIR 1914 27 4 27 V4.
WOOLNomlnal, 1914 clip; Willamette val
ley coarse CoUwold. l?fee: medium Shrop
shire, IShic; choice fancy lots, 10Q2OC lb.;
eastern Oregon. 1420c; according to shrink
age. HIDES Dry hides, 25c lb.; green, 12c;
salted hides, 13c; bulls, green salt. 9c
kips, IS 14c; calres, dry, 25c; calf skins
salted or green, 18Q30e; green bides, Ir less
than salted; sheep pelts, salted, shearings
1025c; dry, 10c '
TALLOW No. 1, 4544c; No. 2, 49
4Hc; greese. 84c.
Heats, Fish and Pro via ion.
DRESSED MEATS Selling price Country
killed; bogs, fancy, 9c; ordinary, 8&8Hc;
rough and heavy, 77se; fancy veals, 12c;
OF THRIFT
Isles about 1500 distributive. 120 pro
ductive and 10 special! co-operative
societies, the latter adapted to insur
ance allotments and small holdings,
motor service, cottage building and so
forth. The membership is upwards of
2,500,000. representing approximately
10.000,000 consumers. The capital is
between $150,000,000 and $175,000,000,
annual sales between $500,000,000 and
$600,000,000, and according to official
reports of late date, after paying all
expenses of management and adding
upwards of $1,100,000 to sinking or
reserve fund (which now amounts to
upwards of $20,000,000) ; and paying
upwards of $7,000,000 for interest on
share capital nearly $60,000,000 was
paid in dividends pro rata on pur
chases. In the same year the official
report of one of the distributive so
cieties with between 9000 and 10,000
members located In a town of about
40,000 inhablants saved (paid ln di
vidends) to its members (the "ulti
mate consumers,") upwards f $21,000
on meat, upwards of $16,000 on coal,
nearly $110,000 on groceries, which
together with savings on dry goods,
boots and shoes, etc., amounted to be
tween $175,000 and $180,000 In one
year, and in the year referred to busi
ness was generally depressed. The
two wholesale societies own and op
erate sixty odd factories, warehouses
and depots, own tea plantations, also
own and operate steamships for trans
portation purposes.
Chicago Quotations Are to lc
Up; Foreign Trade Influences the
Trend of Values With Good Sales
Reported for Export Business. ;
Chicago, Oct. 17. The greatest bull
market of the week was In order for
the short Saturday session and prices
were advanced to 114 for December.
May contracts showed the greatest
gain and were c higher at the open
ing. The range for the day was from
119 to 120 and the close only a frac
tion under the top.
Liverpool was one penny higher. The
Australian and Argentine news was
bullish. The trade had frequent ru
mors of active export transactions
from New York, Winnipeg, Duluth and
the Gulf. At the Gulf cash business
was given at- 220,000 bushels, chiefly
to exporters. The falling off in the
Primary receipts from nearly 20,000,
??,x,r,unels fIve week ago to less than
11.000,00a bushels thrs week and pros
pects of further decrease in the move
ment the drop in receipts for the week
to 1.000 cars compared with 8000 or
over the same week last year, the buy
ing of wheat at Minneapolis by Duluth
exporters, Kansas City reports that ta
bles were all cleaned up at higher
prices for the cash wheat and a most
serious war outlook abroad, were all
bullish features.
For the Saturday session, corn
pnees made the strongest upturn for
tne week. Wet weather continues over
much of the belt. Many sections west
of the river are sending in complaints
or damage to corn on low lands. St.
Louis reported Missouri points send
ing buying orders today. The country
is not selling either old or new corn
a,s exDected and instead there is a no
ticeable increase in. investment or
speculative buying orders in this mar
net. La-balle street leaders and big
commission houses were buying the
first hour, while some of the leading
Dears in the trade were covering good
sized lines. "
nKTn? its market olosed at the top.
3h!LV"ade.wa8 helPe1 by the action in
wheat and corn. There was a revised
Canadian report in circulation reduc-
ifiooo innKts wy,,c,i of tnat ntry
16,000,000 bushels from previous fig-
a . e "aae had a rumor that
Australian buyers were after oats at
on nnnabKarcl ,Cash business here was
mt? bushels to 300.000 bushels,
mostly to exporters.
Action in provision prices for the
' 1 .? ncLa unimportant.
KJn5jl ot. ChUgo prices, furnished
by Overbeck & Cooke company. M6-17
Board of T.ade building-
WHEAT.
Month
Deo. .
May .
rec. ,
May .
Open. High.
113
11914 1204
CORN.
- . 67V hum
9li 70-j
OATS.
Clrme.
B
70i B
119
R7
Dec.
4S 4914 4Kit 40t, A
61 Ll &2'4 A
PORK.
I860 1867 1S00 1867
LAIU).
1040 B
1000 1002 992 (7 A
BIBS.
IW0 A
'0 875 967 872 B
Oct.
Oct.
Jan.
GOOD WHEAT WEATHER
Walla Walla, Wash, Oct. 17. More
ideal weather during the past week,
with frequent rains during the first
three days and warm temperatures
the last three days, have put the soil
in perfect condition for fall seeding
operations, and those farmers who
have completed the task say that they
will set a good stand before real cold
weather sets in. Fall seeding has pro
gressed rapidly, and plowing is un
der way in some parts of the county,
with indications that the wheat men
will not be forced to lay off because
of unfavorable weather for some time
to come.
ordinary, 10c; poor. 7Q8c; goats, 8Q4c
spring lambs, 10c. me.
HAMS, BACON. ETC Hams. 17i4Q21c
breakfast bacon, 20430c; boued bain 2cr
picmcs. 14c; cottage, 17 c '
MEATS Packing house Steers, No. 1 stock
12c; cows. No. 1 stock, lie; ewes, lOc; weth
ers, llVic; lambs, 12jc; pork loins, 18c
dressed hogs, 12c.
Oi'STEKS Olympla, per gallon. $3 75
canned eastern, 55c can; $0.50 ton; eastern
la shell, $1.75Q2.00 per 100; razor clama.
$2.0Og2-25 box ; pastern ojaters, per gallun.
solid pack. $3.503.75.
K1SH Dressed flounders. 7c; chlnook sal
mon, 68; silver side, 6c; perch, 66Z8c lb -lobsters,
25c lb.; silver smelt, 8c: salmon
trout. 18c -wa
LARD Tierces, 12c; compound, tierces.
11c.
CRABS Large, $1.50: medium. $LO0 doa.
Groceries.
SUGAR Cube, $7.15; powdered, $7.06; fruit
or berry, $7.05; beet. $.60; dry granulated.
$6.80; D yellow. $0.10. CAbove quotations are
ISO days net cash.)
RICE Japan style. No. 1. 55e; New
Orleans, head. 7f 7 Vic; Creole, 5.c.
HONEY. New, $3.2583.60 per case.
BEANS Small white. 4c; large white.
Vtc; pink. 6c; limaa. be; bayoo. 8c, red
SALT Coarse, half grounds, 100s, $10 oer
ton; 50s, $10.75; table dairy, 60s. $18; 1m
$17.50; bales. $2.25; extra fine barrels. 2a
5s and lUs. $5.250.OU; lump rock. $2.50 per
ton. ,
Paints and Oils.
LINSEED OIL Raw, bbls., 87c per gal
kettle boiled, bbl.. S9c; raw. cases. ?2c;
boiled, case s,74c gaL; lota of 250 gallons, lc
less; oil cake meal, $44 per ton.
WHITE LEAD Ton lots. 7VjC per lb.; 600
lb. lots, 74 per lb.; less lots, 8c per lb.
OIL MEAL Carload lota, $34.
TURPENTINE In cases. 67c; tanks, 60c
per gallon.
COAL OIL Water white on drama, and
Iron barrels. 10c.
HIGH WHEAT
"A decline in wheat prices." writes
the Lrfmdon Statist, "is hardly prob
able while the United States and Can
ada remain the only shippers of im
portance. There is no doubt that In
dia will ship much more wheat at the
higher prices now ruling, and likely
to rule, than would otherwise have
been the case, but the last crop was
considerably smaller than Ln either
of the past four years, and the sur
plus for export is only a moderate one.
There is very little wheat left in Ar
gentina, and, moreover, exports from
that country have been prohibited;
Australia has only a moderate surplus
now left, and is holding same for very
high prices.
"The Roumanian crop has proved to
be a very disappointing one, and the
HOME EMBROIDERY IS AIDED
New York, Oct. 17. The European
war, which has entirely crippled the
import embroidery trade, is having a
remarkable effect on the domestic ar
ticle, which, heretofore, ' has been
largely neglected by tJie women's un
derwear and knit goods manufactur
ers. Those manufacturers are now
forced to use the American machine
made article because there is noth
ing else in the market.
Local embroidery makers are work
'
Hoes Show Onlv TatIt nt Knnn onrt
Even These Are Practically Un.
changed in Price; Select Steers
Showing Demand at Present,
1
PORTLAND LIVESTOCK RUN
Weekending Hosts Cat tie Calves sheen
October 17.. 3037 1515 68 8199
October 10.. 54.14
976
161
690 r
6931 I
1 5 1 ;
uctoDex 3... 4950
Sept 26 4604
Sept. 19 35go
Year ago ...3507
2 years ago .3633
3 years ago .2588
1853
1733
1393
2000
1268
1420
124
30
58
413
53
102
"
58S0
3457
Hog market showed practically no
change in price at North Portland for
the week compared with' the trade at
the closing of last week. A Bmart
decrease In the run as compared with
last week failed to have the slightest
Influence upon prices, although there
was somewhat better buying by kil
lers. Hog market situation throughout
country has been rather weak of late.
For awhile it was believed that the
bottom of the price ladder had been
reached, but further" sharp declines
were forced and the outlook at tfce
moment is scarcely promising.
General hog market.
Best light $ 7.50
Medium light - 7.46
Good and heavv 7.107.25
Rough and heavy 6.00 7.00
Steer Demand Is Better.
An improvement of fully 15c was
shown in the market for cattle and
it'.. .l uei n
was a heavier run, than the small 1 "" "'e'D
showing of a week ago. but the totals Apple Agitation Xa Aid.
of -recent weeks were not reached. A citat ion of various commercial in
SrdrUf tneStrlJe01
but the general market offerings
rose no higher than $7.15 for s-ood
stuff. The market, while somewhat 20, In a fitting manner, has already re
improved for all cattle, was better suited in much good to th Industry,
for steers than other offerings. Kil- '-tk. i- k.fwi. v....
lers hold 'practically n surplus of C1 Safely Passed,
steers although holdings of cows are The usual monthly statement of the
rather liberal. ! foreign commerce of the country is-
Very little change is shown In the ; . HnHns- the week shows a tre
cattle market situation at points east ued dnrl"ff H1 Z,t. AT
of the Rockies and values are gener- . mendous drop in exports during Aug
ally maintained. ust. The total for the month was
General cattle market range: $110,369,240 as compared with $187,"-
Selected steers $7.007.25 j 909,020 in August. 1913.
Good to choice 6.76(0 6.90 j SMprnpnt8 of crude materials for use
tjooa to cnoice 6.6a : . i
Orrlinarv to fair K 7K
JrSest COWS
Good to prime .........
Ordinary
5 Sfiro)fi oo
Selected calves
f. us -rXSSrig
Mutton Market' Holding. ' (Partly or wholly manufactured. 6
While little stuff was available good million or 21 per cent. The only gain
enough to bring extreme prices in the was made In foodstuffs. In crude con
mutton trade during the week, there dition and food animals, the exports
was a generally steady to strong tone ; ln tnja group for the month being 2
rUxfre was a very liberal run in the ; million doHars or
yards during the week, but little came cess of the same month a year ago.
forward to the open market. Most of Exports to Europe in August were
the offerings were either feeders or ; r.8 million dollars or 64 per cent less
were direct shipments to local killers. than in August, 1913; to North Amer
General sheep trade conditions'. . , .,n s l n
for the week, with net nrire chaiered
comparatively nmnea. ,
General mutton market:
Best yearlings $5.405.50
Old wethers 5.26 5.40
Best ewes 4.350 4.60
Best east mountain lambs.. 5.906.00
Valley light young lambs.. 5.65 5.85
Heavy spVing lambs 6.00
J5.50
Omaha Hogs Lower.
R"uth Omaha, 0-t. 17. Cattle, none.
Hogs. 3.WO: market Fteady to 5c lower;
bulk. $7.10W7.35; tops, $7.45.
Sbep, none.
Kansas City Hogs Down.
Kansas Ciiy. Mo.. Oct. 17. Hogs,
market K)c lower; top. $7.90.
Cattle, 200; market steady.
Sheep, none; market steady to strong.
1000;
APPLE CROP IS SMALLER
Ridgefield, Wash.. Oct. 17. Accord
ing to reports coming in from this
section of Clarke county, the apple
crop is not up to the standard. In
some cases there Is only half a crop
although the fruit is larger than
usual and of good flavor. New acre
ages have made a good showing in
some of the districts, and the suc
cess of the rew varieties is being
closely watched.
Kail plowing is now on in full blast
and fall wheat will soon be panted.
The ground is in good shape with
renty of moisture from the recent
heavy rains.
Potato harvesting with the good
weather of the past few days has pro
gressed and although this crop is not
up to the standard owing to the pro
longed dry spell earlied in the year,
the yield is fairly good and the po
tatoes are of a fine quality.
Dissolution Decree
Of New Haven Fileff
Railroad and its Steamship Zdnes
Farted by Order of Court on Terms
Previously Agreed Upon,
New York. Oct. 17.-A decree for the
dissolution of the New York, New
Haven and Hartford railroad and the
steamship lines It controls was filed
ln the United States circuit court
here today. The terms of the disso
lution were previously agreed upon.
IS EXPECTED
quantity of wheat available for ex
port is smaller than for years past.
The only country, apart from the
United States and Canada, In a posi
tion to export a considerable quantity
of wheat during the next four or five
months Is Russia. At present Rus
sia is not exporting, mainly, no doubt,
owing to fears that there may be
trouble with Turker. in which case
the Straits of the Dardanelles would
be closed, while shipments cannot
take place from the. Baltic, as the
German fleet would prevent same.
"If. however, Russia were suddenly
to come out as an exporter in quan
tity, the effect of the competition
would probably be that America would
be more disposed to meet buyers, and
this might result in a decline, if only
temporarily, in prices."
ing their factories at full speed to sup
ply the demand, and many of them
are placing orders for additional ma
chines. Now that many underwear manu
facturers have had a chance to show
buyers their lines finished with do
mestic embroidery, the fears they had
that machine made laces and embroid
ery wonld not pass muster seem tl
have been premature and ill founded.
Buyers have expressed themselves en
tirely satisfieid with the American article..
Wheat growers of the Padfle nerth-
west are in pocket some 112,000,000
more money than would nave been
possible- had they sold their wheat at
the opening of the season. This huge
i sum ha" been to the price of
I close to 6o.000,do0 bushels of wheat
;in Oregon, Idaho and "Washington. Only
!a very maU Per cent of the wheat
' Kown this season was sold prior to
the sharp advances in the price. Wheat
selling has been quite fair recently
and farmers are therefore paying off
all of their indebtedness and have
I money to spare. There is no doubt
. V- . i . . 1 -
that the war in Europe has been
very big Influence in forcing the price
of wheat upward, but one of the chief
considerations has been the smaller
world's crop than expected.
Wool Outlook Pavorabla.
The outlook for wool growers at
Pacific northwest points is even more
hopeful than the excellent season of
1914. World's stocks of wool were not
only smaller (the last season than nor
mal, but there was a far more ex
tensive demand, due to war conditions.
Almost every day leading American
woolen interests are in receipt of
orders or bids for supplies from Eu
rope and this has speeded up the In
dustry so 'that many of the leading
mills of the country are operating both
! day and night. Pacific northwest mills
have been benefited both directly ana
Indirectly by these conditions. Thw
is every prospect that the next clip
of wool of the Pacific northwest will
the trade with practically no
i . . I
th Lnle Z "wers ' TeCt.n
: ald the aPPle growers by colelwatin
to
National apple day, Tuesday, Oober
" inaiiuisuiuiiug icn
' dollars, or 65 per cent; of manufac
5.765.85 tures for further use in manufactur
5.2505.50 ing, 18 million or 53 per cent; manu-
facturcs ready for consumption, 3Z
million or BO per cent, and foodstuffs,
! South
America, 7 million or 57 per
cent; to Asia, 2 million or 41 per
cent; to Oceania, 3 million or 62 per
cent, and to Africa. million or 52
per cent.
Of the European countries the trade
with the United Kingdom was least
affected, the exports to that country
in August being 6 million dollars
or 14 per cent less than In the same
month a year ago. Exports to F r.nce
dropped 3 1-3 million dollars or 30
per cent; to Italy, 4 million or 7$ pet
cent; to Netherlands, 11 million or 81
per cent, and Russia, 1 million or
91 per cent. Exports to Belgium fell
from over 9 million to less than hi
million, while the 23 V4 million dol
lar export to Germany of August,
1913, dwindled to less than $70,000 ln
August last.
Interest ln Livestock. ' " "
Much interest is shown in the fourth
annual Pacific International Livestock
T0f,ltion to D held ln the Portland
f-T . i,lnmh- 7 1' The
Lnion "tockyards, December 7-1 The
mtirnada have made a very low fare
ceverlng attendance at the show, and
the time of year is that at which many
people from the tnterior wish to come
to Portland. The stockyards are ask
ing that you encourage the forming of
special parties of livestock people and
Apple Growers Are
Up Against Losses
Prevailing Values Throughout the
Country Are Somewhat Below
Cost of Production.
Tuesday is apple day and It will be
generally celebrated throughout the
United States. Some of the states
have set aside the day as "National
Apple day" while others will celebrate
it without official action.
There Is no doubt that much bene
fits will be derived by the Industry
from the celebratJSfl of apple day. The
1 LJJJS?
will greatly add to its popularity and
distribution. Whether the demand will
be sufficiently strong at home to ab
sorb the offering remains to be seen
but the outlook Is by no means prom
ising. Apples are at present selling in the
markets of the country somewhat be
low the cost of production and it la
stated that 10 per cent of the output
of Oregon, Idaho and Washington will
not be gathered and marketed.
Recently 'great efforts have been
made by some of the distributing In
terests to becloud tbe real seriousness
of the situation by claiming that list
fprices were being generally main
tained, bo tar aa can De ascertained
from recent sales ln the eastern mar
kets, apples have been selling far
higher at Portland than at any other
point, in the country, freight charges
considered.
The plan to stop bearish talk In the
apple trade was probably taken up
by distributing interests to aid grow
ers themselves but the situation is so
serious and so well known among the
trade generally, that the grower
should be correctly Informed because
he is most vitally interested. There is
little need of talking fair prices to
arowers at this time when the returns
to be made later in the season will
Drove verv disaDDOinting.
There never was a season like the
present one. The dismal period of 191$
when growers believed that tbe bot
tom had been "knocked out of the ap
ple market, showed quite fair values
in comparison with tnose now in ex
feet generally.
XHAM SJFORTATlOff
Coos Bay Line
STEAMSHIP BREAKWATER
Sails from Alas smith dock. Porthtna. 9 e. m
Every Tuesday. Frelgnt. and ticket offica
lower Alnawortn ooefc. V. C B. 8. B. Line.
L. H. Keating. Arent. Fbooe Hals Seoft. A
2232. City ticket office. SO Biitt street. C
w. Eunger. Agest. rboaea HaraaeU 4800,
A-C12L.
others Interested ft. our show i
It possible to ru a special i ir
leat ' from the fUrger lown
traveling passeng and local
of your line will iloi everything
can to assist in thi formation of t
par tiei. - -J- . i .. H
Bank -Opeainr Awaited.' -
That each week marVs urth r
provement in thW financial sit
is th,e assertion kt I Henr -Clev ,
New York financier; ;He'says t:
ltloa of foreign! exchange i la
grow'ng more favorable an4 f
transactions, thounri still fieric-n
iivaea,. are oeing
a . .
coaducta ,v
creasing faculty.
The- lorwat!
the tioo.ooo.oeo gu
Id pool has rvf i
material relief, ar
II la offering r
f ,what can l
complished by intAltgcnt, uneelf
operation. ; . .. - - - , j
' The money marJftr.is also .weri
into, a much easlir position. - f
borrowers have lesldiff iculty In S
ing, $accommodationsridj-' t
som Achat eesler. ThiriT&if .
ter demand for Commei p;
which demonstrates lmpro :
tions ln the credit .market. J !
The assistance of tha gov ? ;
and the operation of the AldricKVp
land emergency bill, ; which . -..
nearly $360,000,000 to our: tircuutoc
have been important factor ln mi
rary; relief. The financial diatrlef i
now looking forward eagerly to trs
opening of the federal reserve ban!-
The hope is unreasonable , that '
stock" exchange will be. ppened at
the same, time as the Inauguratloi
the -new banking system, which
lowering the reserve limit will pen
an expansion of about another J3'
000,000 In bank currency Of Jeour
the danger of a flood of foreign s
ing of American securities .is. still t
chief hindrance ' to opening the i.
York, (exchange. A f.
Earnest efforts are pe-jwg ' stride .
open, at London: the laNit proposal '.
this j direction being' 4or. 'the Brit'
government to guarantee 23 per - x-,
of outstanding stock exchange-loi
when the moratorium eirplres. If.t'
plan. is adopted the British banks v
undoubtedly bo willing td ex1 tend it-c
stock exchange loans. r 1 jt ' 1st the loa
situation and not the speculative V
sitlon which is tire main causa of an .
lety.i
Orders from Abroad.
i.,'
Miscellaneous requirements tor r.t
ropean. countries now at war now ur
furnishing important order 4"or1?v
lean manufacturers, saya , -The, Iro
Trade Review. American motor truck '
appear to be in considerable denim,
in 'the war cone and there, have bf
otr ir sales made in , addition to t
lar negotiations ' now being-carrl 1
on tirough the Hethlehem Steel ' eo-1
pat L and railing for 1000 or- . 20 !
. L v. I r l . . . tt. . . t .
li " V viinriiy ivil I ntii.c, 41 j situ'
fstov'l. The Autocar company.! Art
knio ' Pa., has been shipping a, -.nun
ber'"pf trucks of miscellaneous ty;i
and'till is pushing Its plant tor ;.tur:
out additional machines upon Tth
ordipf., , : t 1
In'additlon to the' recent "heavy, I
chases of horseshoe, in this countr
aggregating 2,000.000 to 1 3.000,000, t
optlon on an additional 1.00()jmJK-t;'V
has been taken, and there are .well-4
fined reports that several ; mill l)'
shoes in addition are ln the mark
The original order for these nor
shoes is. understood to have Been (rf
vlded between the. American 8 tee I
Wire company, the Bryden. Horseshoe
company, Catasauqua, Pa., and th
Phoenix Horseshoe company. The
shoos-will go. largely, to France. A
shipt'ent of 805 tons of horseshoes r
125 'ins of horseshoe nails, has bM
madi Jfrom New York to Havre "by tl
steaigfr Chicago. The recent ' ordf '
for tons of special steel , tor tt
calks,taken by the Pennsylvania 8te
company, ln connection with the
tract -for horseshoes, will be stiff 1t
lent to make 24.000,000 calks. Thi
contract for the horseshoes provide
that'.a number of extra calks shall t
furnished. : , -
j-Chicago Hogs Lower. f
Chlia'ro. Oot. IT. Hoc. ll.OrjO: ssark-
slow.-'ifcc lower; Ilfbt. $T.Htfj8.nO: siItM
7.1fi5jS.05; bray. $7.O08.0O; roufh. $7,f
tT.15l-.B- --. .-, . -
ratBe, MOO; market ateadr. :
RbeeB 2rtUi; markpt weak. , i
ft. -
a s .as w
S&d today
tat this sale catalogue fm,
f;you are interested in buy. -!
ina; registered stock,
this first annual fall aalal to
beield Wednesday, November 11,
19FL we will sell one of the finest
trTtigs f 71 Holateln-Freislan
Registered Cattle. Including milch
covs; heifers trulls and bull
eat as to be found In tbe Pacific
Noftnwest. All are pure bred, reg
ist&ed Holsteins. 7 ,
Vrite today for descriptive caU
loge, terms, transportation, etc.
to iCARNATION STOCK FARM.
SaaHUs, Wash, 92$ Henry Bldg.
Vate Aooated at Carnation, urasa.
(oagX. M. A. fit. P. R. R.) in Bno
ouaimle Valley, is miles from
aWttla by auto via. Klrkland, .
Sil starts promptly at lt.SO
Wednesday, November 11 th. 191 4
Auctioneers: Que it -Linbargor.
XDverbeck
Stocks, Bonds
-It
i Cotton, Grain, Etc
f DIRECT PRIVATE
ni tirinrc wr a . - f-
YYIIVC-3 IV AUi
EXCHANGES I
i
Members Chicago Board of Trad
Correspondents of Logan & By ran
ijji Chicago. Haw .Torav,--.s .
314X7 Board of Tra4s Bnildiar,