O
HIGH RECORD PRICES ARE BEING OFFERED FOR WOOL
GENERAL BUSINESS NEWS
Shortage of Slab Wood Still Prevail in City
Yards, However, Dealer Says Prices -Are Un
changed; Surplus of Cord Wood Cutters Is
Factor in the Fuel Market
Edited by Ilyman H. Cohen.
F
STARCH FACTORY IS
CONSIDERED LIKELY
GENERAL BUSINESS IS
STILL MARKING M
. THE OREGON . SUNDAY JOURNAL, PORTLAND, SUNDAY , MORNING, FEBRUARY 28, 1915.
CHE
ATTRACTION
RUN OF LIVESTOCK IS
SHOWING A DECREASE
IN PORTLAND YARDS
Rcceipto in All lines Lighter Tban
Preceding Six Pays; Hogs and
Mutton Are Showing Advance;
Cattle Are Lower Again.
WORLD WHEAT TRADE
IS THE DARDANELLES
II m V
Probable Reopening Navigation
- and, llesumption of Russian Ex
ports Exert Bearish Influence
Vpou All Market V'alnes.
FOR
SPUD
NDUSTRY
WRITES HENRY CLEWS
AMERICAN SADDLES IN SOUTH AMERICA
The Dardanelles camo in for most
of the attention from the world's
wheat trade during, the week. TheWear
that the waterway would be opened
to navigation soon with the expecta
tions of a resumption of Russian ex--ports
caused heavy selling pressure
at most world's centers during the
wpt'if n rn i hkp v ri pxprriRH tiitt npr
'Influence within the immediate fu
ture. Locally the market was rather dull,
although of a most excitable nature
during the week. The sharp losses tn
the Chicago market, the big cut in the
quotations on cargoes at London and
the near approach of tax time in the
Pacific northwest ail had their de-preswlng-
effect upon sentiment here.
The depression was more apparent
aniotiK speculative holders, than among
country -holders of wheat. The former
"were; very free offerers of wheat at
while farmers were somewhat more
willing to listen to those who wanted
to buy.
Buyfers were far less numerous than
.Sellersf wheat during the week. Nat
urally under such a condition naught
bpt sharply lower prices could pre
vail, California continues a lair buyer
Of wheat here, but tho volume of busi
ness ia below that of previous weeks.
Dardanelles to Rale Market.
There Is seemingly no doubt that
the wheat trade of the world will cen
ter its attention upon the Dardanelles
during the next few weeks. If naviga
tion is resumed and Ilusslan interests
are able to sell a jrtioii of their hugj
surplus of wheat, there are nothing
'but lower prices in sight. Tliere is
rllKeiyiooo. mat . it tne ar
lles are opened that the wheat
rice will swlntr even lower than the
situation justilies, but tms is to ne
expected, because the market always
swings from one extreme to another
Whenever opportunity offers.
Owing to its inability to export
wheat, prices for the Ilusslan crop
have been the lowest for so many
years that the . trade has forgotten
when values there were lower than at
present. it" is stated that wheat was
being freely offered there at' 30 35c
ar bushel, and huge quantities were left
In the fields because of the inability
to' find a market.
Coarse Grains Follow Wheat.
Frices offered for coarse grains dur
ing the week followed the trend of
the wheat market quite closely. Both
oats and barley were extremely weak.
The weakness in oats, however, was
for a very different reason- than for
wheat. Speculative interests who had
purchased liberally some time ago
have become tired and were willing to
get from under with as much grace as
possible. Little supply of oats re
mains in the countrv. dealers con
trolling major supplies.
flour market was lifeless so far
as tho local patent trade was con
cerned. Two cargoes for European
account were confirmed for Knglish
shipment during the week by Pacific
northwest milling interests.
CLOVKR SKKD lluying. price:
Nominal No. 1 uncleaned, lly!12c,
ordinary, 11c pound; alsike, 11c.
FLOm Selling price: Patent,
$7.20; Willamette valley, $7.20; local
straight, $f'.4o: bakers'. $7.00(317.40.
HAY' New crop, buying price:
Willamette valley timothy, fancy,
$13. oOffi' 14.00; eastern Oregon-Idaho
fancy timothy, $16.50; alfalfa, $13.00,
rttr-h n H nla ft ( frl) 1 ft ftft olrt-
vcr, $S per ton.
GRAIN SACKS 1915 nominal. No. 1
Calcutta. J6.00.
MILLSTUFFS Selling price
$30. OOfi 31.00: shorts, $33.00.
ROLLED BAKLKY Selling
$36. 00ft 37.00 per ton.
Merchants' Exchange tpot prices:
WHEAT.
Bran,
price:
Bid prices
Frl. Thurs.
Sat
Wfil. Tues.
$1.43 $1.45
1.41 1.43
1404 1.41
1.35 1.35
1.30 1.37
BlneAtem $l.:t8 $!..". $1.4T
Forty rola l.i 1..13 1.H7
Club 1.35 1.30 ' 1.35
R. Ross. 1.30 1.22 1.31
R. Fife.. 1.32 1.23 1.31
OATS.
Feed ...$34.50 $33.0o $3.1.00 $34.50 $33.50
HA RLE.
Feed. ..$25.00 $Jrt.0O $2S.0O $2S.0O $27.00
Brewing 28.00 ".'B.O0 2S.00 28.00 27.00
M1LLSTUFF8.
Bran ...$24.75 $22. OO $25.00 $25.00 $25 00
Shorts . 25.00 23.0O 20.00 26.00 26.00
Futures were quoted:
WHEAT
BIJ. Ak.
$1.42 $1.43
April blnestem
May biueatena
April forty fold
May fort j fold
April club
May club
April Red Russian
May Red Russian
April Red life
May Red Fife
1.4 1V 1.40
. 1.4!
1.4214
1.43
1.43
1.44
1.37
1.40
1.42
1.44
87.00
87.00
80.00
81.00
. 1.4H
. 1.41
1424
. 1.34
. 1.8
f
1.36
1.38
OATS
April 85.75
May 3.75
BARLEY
April feed 29.50
Mar feed 8O.00
14 CENT HOP CONTRACT
There was an unconfirmed report
that a local dealer-grower had been
offered 14e on a contract for the com
ing hop crop, but had not yet decided
whether to sell or not. Thirteen cents
is being freely offered. '
Market for hops is firmer, with 14
FD14e being offered here for the bet
ter, class of spot hops. Holdings of
hops along the coast are estimated:
Bales.
Oregon 2,400
Western. Washington lfiO
Yakima 1,000
California 16,500
Total , 20,060
Sales of 1160 bales are reported In
the Sacramento section of California
at 9so to llac for poor quality. S.
& H.- Uhlman are reported as taking
a contract for 20,000 pounds of the
Jones crop at Sonoma- at 14c.
McNeff Bros, purchased 260 bales
'In the Yakima section at 12c for snots
Foreign orders continue to come and 1
the purchasers of recent lots are- tak- !
ing the nops. inus msprovmg tne stutr
in an evening paper that the foreign
ers were rejecting.
CASH IMMEDIATELY FOR
If?
C. M. HALL. PRODUCE CO.,
268 Glisan St. Portland
v . .
' - ; TRANSPORTATION
Coos Bay Line
STEAMSHIP BREAKWATER
Balls from Ainsworth Dock. Portland. S a. in.
Wednesday, Freight aud Ticket office. Atrm
worth Dock.' I'lione Main. 3000. A-2332. Oitr
Ticket office, W gista ft. Phone Marshall
500, A-A121. Portland 4Ooo Bay S. 45. Line.
Use of Surplus and Culls by Such
an Institution Would Add Ma
terially to Profits of Oregon
Producer, Writes Scudder.
By H. D. Bcudder.
Department of Agronomy, O. A. C.
Oregon Agricultural College, Cor
vaUis, Or.. Feb. 27. For several years
past the department of agronomy has
been giving considerable attention to
the matter of developing new markets
for Oregon potatoes, including the
possibilities for the successful manu
facture of potato products. Through
the efforts of the college capital has
been interested and the situation in the
state is being studied with the end in
view of establishing a potato' starch
lactory.
Such a factory, having a capacitv
for 100 tons of potatoes per day. will
cost from $20,000 to $40,000 to estab
lish and put into operation. At a price
of from 20 to 30 cents per bushel, the
farmer will receive a verv profitable
return from his culls, which are now
a dead loss. In years when the'mar
ket for table potatoes is low, due .to
oversupply. the crop "utould be very
much more rtowely grtfled, only the
l.ighest quality beinsj turned on to the
niarket for table use and ail of the
excess shipped to the starch factory.
Thus the table market price may be
maintained, for the starch factory of
fers a profitable returri to the farmer
for all of his excess crop. With the
successful establishment of one fac
tory, others wili follow, so that the en
tire potato acreace of Oregon may be
fully taken care of.
Profits la Manufacture.
''From t!e manufacturer's stand
point, the potato starch industry is
very promising. Analysis of' manv
samples of Oregon potatoes show thf-rh
to have a range of from 18 to 25 per
cent starch content, with an average
of 20 per cent. It will be possible for
the manufacturer to pay the farmer
from 20 to 30 cents per bushel for the
culls and execs potatoes and still
make a handsome profit on the minu-,
facturing end. The market for potato
starch in the I'nited States alone is
Very laiKe. some 15.000 tons being
consumed annually in the taxtile in
dustry alone the average price being
4 cents per pound. In Portland, Seat
tle and Spokane some 2000 tons of
starch are consumed annually. This
starch is now made from corn, which
is inferior, both for manufacturing
and food purposes, to the potato
Ftarch. and on which In addition the
northwest must pay the freight from
the central states and send the money
back to the farmers and manufactur
ers of that region. While the north
west could readily consume the entire
product from fhe proposed factory, the
product would also be able to compete
with that imported from Germany,
which is now used In the eastern
states. New rates via the canal, in
addition to the tariff on potato starch,
will permit the northwest manufac
turer to use the eastern market profit
ably. All Potatoes Used,
"A starch factory consuming 100
tons of potatoes per day will, in the
season's run of six months, produce
2000 tons of starch. This will require
600.000 bushels of potatoes or the cull
cron from approximately 15,000 acres
yieidinK 160 bushels per acre 25 per
cent of which are culls. The factory
successfully uses potatoes in practi
cally any condition those that are
too large, too small, too green, dis
eased, froaen, or even rotten. Event
ually with the successful manufacture
of starch, the manufacture of potato
glucose, potato flour and potato flakes
may be profitably undertaken. Points'
too distant from the factory to ship
may at low cost install green starch
plants locally and ship the green
starch to the central factory at a re
duction of approximately two thirds
of the weight. With only one or two
central factories, the use of subsidiary
green starch plants would permit every
section of the state to enjoy the ad
vantage of this new market outlet for
potatoes. 1 believe that In regions
llke-the rich tidelands of Clatsop, Til
lamook and Coos counties, where very
large yields of potatoes are possible at
low cost per bushel, the entire crop
can be raised profitably for starch
manufacture alone, thus giving these
localities a new industry."
Dry Weather Is
Feared by Ranchers
(Special to The Journal.!
Silver Lake. Or., Feb. 27. Unless
there is unprecedented spring rainfall
in this valley. Silver Lake will be dry
before the end of the sumrfler of 1915.
This is the prediction of old settlers
who cultivated ranches in the lata
'70s on the 11,000 acres of land over
which water now stands. ,
Sheep lake and Squaw lake are dry.
Thorn and Christmas lakes are lower
than they have been for several years,
and the waters of Silver lake have
been slowly receding for the past three
years until now the shore line Will
average 150 vards from the banks.
There Is not enough snow in the
mountains to lift Silver lake more
than an Inch after the spring thaws.
Thousands of acres of Palina marsh,
where three years ago at this season
water stood anywhere from six inches
to three feet deep, are now as dry
as the wild hay land they border. The
slough that drains Salina marsh into
Silver lake is a mere mudpuddle. This
neck of water was deep enough to
swim atshorse in places last fall.
RancH owners whose land borders
the lake are making preparations to
harvest tilg crops from their shore
lands. The lake bed Is exceedingly
fertile, and when the water disap
peared following: the drought of the
fate '70s record breaking yields were
cut from the ground.
Among those who will plant long,
wide strips of beach land are Ira
Bradley of the "TJR" ranch, 400 acres:
F. D. Duncan, "Lone Pine" and "Swan
Cove" ranches, from 300 to 500 acres;
S. A. Lester and F. W. Silvertooth,
"Root" and "Dead Indian" ranches,
200 acres; J. H. O'Kelly, "Point" ranch,
160 acres, and J. A. Anderson, slough
ranch, approximately 100 acres.
Oats will be the chief crop on these
shore lands. In former dry years the
average yield for this cereal on tho
lake shore was 70 bushels to the acre.
WOOL TRADING SMALLER
Boston. Mass.. Feb. 27. Wool trad
ing has decreased In volume hut the
market has lost none of Its strength.
Sales during the week have been about
1.000.000 pounds,, domestic stocks be
in? small and the arrivals of foreign
wools being "largely gold before on
hand. .
There has been less tendency to con
tract in the west for new clip wools
because of the improved chance of
getting more Australian wool here.
Western growers are demanding- 28 to
30 cents for medium clips and the
price is holding back contracts as the
Australian product would be cheaper
and the. efforts of the Textile alliance
to Import wool ar expected to meet
with success.
Boston buyers are very active In
London and Australia. Arrivals here
from South America continue heavy,
two steamers the last week having
brought a total of 7728 bales. Buenos
Aires Wool costs from 35 to 40 cents
landed - here. There is not more than
1,500.000 pounds of domestic wool in
stock here.' During the week, the re
ceipts were 1.997,885 pounds domestic
and 7.944.375 foreign; shipments were
38,022 pounds.
GETTING BIGGER EVERY MINUTE!
OREGON APPLES ARE '
' IN FAVOR IN NEW YORK
By Jolin Lathrop.
New York, Feb. 27. Today, on War
ren street. Just off Broadway, I saw
Hood Kiver apples or extra line qual
ity selling five for lo cents, 13 for 25
cents. They were the largest size,
packed in Oregon, and in perfect condi
tion. Two young men were selling
them from a one horse wagon, and do
ing a land office business. The apples
cost them at wholesale $1.30 a bushel.
When I first came to New York I saw
Oregon apples not so good as these sell
three for 25 cents. Then a little later
5 cents a piece was the common price.
Since the war stopped exportation they
have been commonly selling at 10 cents
for five of the apples of ordinary size.
Wew York a Bnyer.
There will be some benefit to Oregon
fruit growers from this enforced slump
in the price. New York City is the
greatest retail market in the United
States. New York is addicted to the
habit of buying articles which it be
lieves are the best, and the peddling of
Oregon applet, on the streets, which Is
now done everywhere in the Greater
City, has served to cultivate In New
Yorkers the habit of buying apples pro
duced in Oregon.
Oregon Reputation Best.
When Pacific coast apples were first
shipped to tho Atlantic region, the Ore
gon fruit was sold under a California
label, because up to that time Califor
nia was the only western state which
was known to easterners in connection
with fruit. I3ut today it is not neces
HERE'S WHERE TOPS
IN CATTLE MARKET WENT
Someone who was either misin
formed or else was trying to place un
fair competition between the Portland
livestock market and alleged competi
tors, started the reports spread broad
cast through the country that sales
of steers at $8 in the North Portland
yards were fakes.
The reports were deliberate false
hoods and were so easily disproved
tnat it la a wonder that so many coun
try shippers really believed them.
Tiiere lias always been a premium
available in this market for extra lan
cy grain fed or pulp fed cattle and
the sales made in the yards a short
time ago at the $8 mark were there
fore not unusual.
Portland is the best market by far
for livestock in the west and some of
the smaller yards have tried to
'knock'' this city by spreading such
information as would poison the minds
of shippers against the yards here.'
Here are a few concrete facts about
$8 sales of cattle in the North Port
land yard's that disprove absolutely
that the sales here are remade on the
same animals every Monday. They tell
their own story:
January 4, 1915. Frftm Slwerar, Or.,
consigned by Grant Mays to Kidwell
& Caswell, car 91390 U. P.. 28 steers,
30,3t0 pounds, sold at $8 to Union
Meat company.
January 4, 1915. From Terrebonne,
Or., consigned by Ed Slayton to Hunt
Commission company, car 40542 O. &
W., 23 steers, i3,210 pounds, sold at
$S to Union Meat company.
January 4, 1915. From Terrebonne,
Or., consigned by George Iickson to
Hunt Commission company, car 13159,
O. S. L., Z7 steers, 28,330 pounds, sold
at $7.75 to Union Meat company.
January 4, 1915. From Burley,
Idaho, consigned by Portland Feeder
company to Burke Commission compa
ny, car 62190, V. P., Z5 steers, 29,510
pounds, sold at $8 to Union Meat com
pany. Car 63043, U. P.. 25 steers, 30,
850 pounds, at $8, sold to Union Meat
company. Car 40075, O-W. R.. 13
steers, 15,920 pounds, $8. sold to M. J.
Gill, Portland. Car 40131, O-W. R.,
13 steers, 15,630 pounds, at $8, sold to
T. R. Howitt, Gresham.
January 11 1915. From Burley,
Idaho, consigned by J. Jensen to Burke
Commission company, car 12981. O. S.
L., 27 steers, 29,610 pounds, at $8, sold
to Union Meat company. .
January 11. 1915. From Redmond,
Or., consigned by H. Baldwin to Kid
well & Caswell, car No. 14701, O. S. L..
21 steers, 22,100 pounds, at $7.85, sold
to Union Meat company.
January 18, 1915. From Nampa,
CORN GROWING PAST
EXPERIMENTAL STAGE
liy M. M. Burtner.
Dufur, Or., Feb. 27. I had thought
that my old friend. C. L. Smith, had
said the last word on the subject of
corn growing in tbe northwest, but it
seems not
First, let me impress this fact, and
it is a fact, upon the open minds of
every one. namely, that successful corn
growing on a commercial scale has
passed the experimental stags.
Second, that corn, is being grown suc
cessfully in every county in the north
west, from the lowest humid valleys of
western Oregop and Washington to an
elevation of 4000 feet east of the Cas
cades. Any one who doubts the above
Is certainly not from Missouri, for all
who would be "have been shown."
Third, , one of the most fatal mis
takes made by a great many of our
farmers is to plant eastern grown seed
corn, even of a variety that has been
grown Buccessf ully here. We have all
failed by this method ever since the
Cbrthwest was settled. Then why per
petuate this mistake any longer?
Good seed corn must be acclimated to
our condition!, and it requires rom
sary for fruit dealers to fake the Cali
fornia brand on the Oregon product in
order to stimulate sales. l'ne Oregon
brand is now tho hallmark for excel
lence in apples.
Oregon Apple Dominates.
The Hood River and Rogue River
apples are rapidly gaining the dominat
ing position in ihe apple market here.
Occasionally one sees apples from the
different Washington fruit regions,
but they have, for some reason, not
gained the ascendency which has char
acterized the Oregon product in late
years. This is doubtlees due to the
fact that in Oregon the apple growers
first attained efficiency, organized,
standardiezd the fruit grades and the
methods of packing, and, above all,
adopted honesty in the place of the
traditional deceit of the old-time ap
ple raiser. He used to put the rosy
fat fruit on top and the wormy little
runts lower down. The practice of the
Oregon apple grower in packing a
standardized product uniform In every
layer has accomplished more than any
other one thing in putting the Oregon
apple on the map.
When the present war shall have
ended, and prices resumed their normal
level, the present temporary depression
cf the apple business will largely pass
away, so far as the Oregon product is
concerned. The people will have got
ten in the habit of eating Oregon ap
ples, and they will continue to eat
them, and be willing to pay a higher
price, sufficient to compensate the
grower in the Oregon orchards.
Idaho, consigned by Peacock to Kid
well & Caswell car No. 62266, U. P,
24 steers, 28,610 pounds, sold at $7.75
to Sterrett & Oberle, Kenton.
January 5, 1915. From Vancouver,
Wash., consigned by Mr. Kennedy to
Benson Commission company, driven
In, 20 steers, 20,320 pounds, sold at
$7.85 to M, J. Gill, Portland.
January 25, 1915.--From Burley,
Idaho, consigned by Portland Feeder
company to Burke Commission compa
ny, car No. 62415. U. P., 26 steers, 28,
osu pounds, sold at $8 to Barton & Co.,
Seattle, Wash. Shipped at 7 p.
nt, car No. 63419, U. P., 17 steers, 19,
3t0 pounds, sold at $8 to Union Meat
company. Car No. 63419, U. P., 10
steers, 10,980 pounds, sold at $8 to M.
J. Gill. Portland.
February 1, 1916. From Burley,
Idaho, consigned by Portland Feeder
company to Burke Commission compa
ny, car No. 13280, O. S. L., 27 steers,
29,970 pounds, sold at $8 to Barton &
Co. Shipped to Seattle at 7:10, Febru
ary 1. Twenty-seven steers, 31,010
pounds, car 14484, O. S. L., at $8, sold
to Union Meat company. Sold by C.
N. Senior from his feed lots at Mon
arch Lumber company, to Union Meat
company, 25 steers, 30,590 pounds, at
$8.
February 8, 1915. From Burley,
Idaho, consigned by Portland Feeder
company to Burke Commission compa
ny, ear No. 14671, O. S. L., 26 steers,
29,150 pounds, sold at $8 to Union
Meat company. Car No. 40450, O-W. R.
& N 15 steers. 15,860 pounds, at $S,
sold to M. J, Gill company. Portland.
Fourteen steers, 14,970 pounds, at $8,
to Union Meat company. Car' No.
63233, U. P.. 26 steers, 29,090 pounds,
at $8, sold to Barton company. Shipped
to Seattle at 8:20 p. m.
February 15, 1915. From Haines,
Or., consigned by Ed Cales to Kidwell
& Caswell, car No. 40304, O-W. K. & N.,
27 steers, 30,440 pounds at $7.65, sold
to Union Meat company.
February 15, 1915. From Burley,
Idaho, consigned by Portland Feeder
company to Burke Commission compa
ny, car 40371, O-W. R. & N., 25 steers,
29,410 pounds, sold at $7.80 to Barton
& Co.. Seattle. Shipped 7:45 p. m. Car
No. 40125. O-W. R. & N., 13 steers. 14.
700 pounds, at $7.85. sold to Sterrett &
Oberle, Portland. Car No. 13355, O. S.
L., 14 steers, 15,340 pounds, sold at
$7.85 to M. J. Gill company, Portland.
February 22, 1915. From Burley,
Idaho; consigned by TJortland Feeder
company to Burke Commission compa
ny, car No. 14723, O. S. L., 26 steers,
31,000 pounds at $7.75. sold to Barton
& Co.. Seattle. Shipped 7.25 p. m.
four to seven years to do this success
fully, depending upon the variety al
most any variety can be acclimated.
The writer is successfully growing the
"White Elephant.' one of the largest
varieties of corn known, and at an ele
vation of over 2000 feet.
With proper seed, corn is one of the
most profitable crops the farmer can
grow, and by far the cheapest on most
or the northwest soils. An average of
35 bushels per acre can be more easily
grown on the same land than an aver
age of 20 bushels Of wheat.
But, say, Mr. Inland Farmer, you
cannot Bteal a crop of corn from your
land, nor any other crop, for that mat
ter. Do you get that? If your rain
fall Is only 8 to 12 Inches, you know
you cannot raise a- wheat crop every
year, but you summer fallow .for a suc
cessful yield, and so you must do for
a g7fcd corn crop, although a crop of
corn does not require as much moisture
as a crop of wheat. Rotating com
with wheat, the average yield of wheat
will greatly increase over what it was
under the one crop method.
Where the rainfall is 15 Inches and
over, annual crops may be sucessfully
New York Banker and Financier Is
Optimistic Regarding Future;
Agricultural Sections Look Best;
Railroads Place Many Orders.
By Henry Clews, New York Banker.
General business is again marking
time. The spirit of confidence which
began to develop after the fall elections
Is still maintained, but so far as posi
tive action is concerned, progress is ex
ceedingly slow. War imposes strong
restraints. The volume of business
shows only slight gains. Industry is
somewhat more active, but there is
still room for a large degre ef im
provement. Orders are being placed
with more freedom by the railroads for
steel products, and to this extent 1m-
rovement can be reported In the great
asio steel industry, all of which is at
least encouraging and strengthens the
belief In a permanent turn of the tide.
The -building trade also shows partial
eigns of recovery, the easier conditions
of the money market and the low price
of many raw materials serving to
somewhat stimulate constructive oper
ations. Agricultural Sections Best.
The most prosperous sections of the
country continue to be the agricultural
districts, where the good harvests of
last year and the high prices obtained
for agricultural products are making
certain regions exceedingly prosperous.
It is quite natural that the communi
ties and industries dependent upon ag
riculture should share this prosperity.
The result is that the country's trade
as a whole Is in a Fpotty and somewhat
confused condition. Some interests are
of course also profiting from the war.
Nevertheless, these orderB when all
combined will constitute but a email
fraction of our total domestic and for
eign trade.
Bank clearings are still running 12
to 15 per cent below last year. Idle
cars show a large increase compared
with November. Hailroad earnings are
unsatisfactory. In December the de
crease on the roads reporting was 10
per cent, and in January their earnings
showed practically no improvement,
but as the benefits of the uecent con
cessions in rates begin to appear, bet
ter results should follow.
Demand for Hew Issues.
The investment situation is un
changed. There has been a fair de
mand for new issues; quite as good as
could be expected, in view of many
perplexing conditions. The possibil
ities of large foreign demands for new
capital appearing on this side keep
the investment outlook somewhat un
settled. It is quite certain that to off
set the losses from war. there will be
heavy Inroads upon the supply of new
capital, and good rates of interest are
equally sure to be demanded.
Quite a ngmber of securities, how
ever, can be selected in this market
which already offer handsome returns
to the purchaser, and the growing be
lief of brighter times ahead sems to bo'
an effectual barrier against any Im
portant decline. The market is thor
oughly liquidated, and foreign selling
is far from being the elynent of weak
ness that was feared. At this time
there Is little fear of any further Berl
ous foreign liquidation. In addition to
the belief that liquidation is nearly
ended, and that better times are ahead
the conviction is also growing that the
war will not be as long as at one time
feared. Prophecies are hazardous, an1
yet Indications of exhaustion are too
evident to be suppressed or disbelieved.
When tha end of the war is in sight, a
sharp upward movement must be. ex
pected. grown by plowing the land In the fall,
letting it lie in the rough state until
spring. This applies especially to the
lighter lands of the Inland Empire.
On, the west side, or wherever the land
is 'heavy, early spring plowing hes
proved vary successful In growing a
corn crop. But whether fall or spirng
f (lowing is done, the soil must be put
nto first class condition for the crop
at an early a date as possible, and kept
in that condition until the time for
planting, '.n order to conserve mois
ture. Why? Because a corn crop un
der our conditions must be grown to
maturity before tne f&ill rains begin,
otherwise it never will mature, if the
rains are extensive. Where irrigation
is practiced, the application of water
must stop wf.en the corn Shows tassel
If the object is matured corn for win
ter storage, if silage is being grown.
water may be supplied until the crop is
in ear.
Time to Plant Corn.
"When to plant corn" seems to be a
universal question among our custom
ers from every section Of the north
west. One reason for this Is because
this Question can only be answered in
a general way, owing to the many local
conditions in nearly every neignoor
hood. Our advice is to plant corn when you
plant beans; that Is, when the soil is
warm and is likely to stay warm. If
you are in doubt, put off planting for a
week. Time counts for little if your
seed doe? not come up quickly and keep
growing when it is up.
If you plant in hills, thin to two
stalks every 30 inches, or three stalks
every 45 Inches. If for silage, plant
one stalk more to the hill. However,
(ur experience for many years In grow
ing corn in Oregon is to drill your corn
with a single or double row planter,
and thin to one stalk every 15 Inches
for matured corn, or one stalk every
12 Inches for silage. But be sure not
to get it thicker than the above unleas
you use iirigailon on extra good land,
or your corn "will shute and miss the
ear," as a German neighbor of ours
ence said.
Harrow your corn twice with a spike
tooth harrow, once when It begins to
come up, and the second time when it
rhows three leaves.
The first cultivation with a cultiva
tor should be close and deep; this can
be done much better with fenders on
your cultivator to -keep the soil and
clods from covering the young plants.
A fender can be easily made from a
heavy piece of tin or sheet iron and at
tached to any make of cultivator.
After this shallow cultivation phould
be followed for the rest of the season,
usually two shallow cultivations are
sufficient In most parts of our coun
try. However, this must be governed
bv the appearance of weeds or crusted
condition of the surface caused by
rains.
If the crop is to be harvested and
fodder removed from tne land for feed
during the winter, the corn should be
cut when the grain is yet moist, but
well glazed and dented and the stalks
green. Never wait until the stalks are
dead ripe, fjorn harvested at this time
will mature In the shock to better ad
vantage than if allowed to get over
ripe before harvesting. The shocks
should be well tied at the tops and be
allowed to stand un'ii both the fodder
and cora is well matured before husk
ing and cribbing. Fodder cured in this
way is greatly relished by the stock,
and espeSially by horses.
Corn should always . be stored in a
crib, and never In a close bin. owing to
the tendency of tho dryest cobs to draw
moisture. The crib should be madr
with one by four lumber, both sides
and bottom, and should be built sep
arate from any other building, that it
may not be protected 'from the) moving
atmosphere. Cf course, It will require
a good rdof over it, but otherwise ex
posed .to the weather.
Poultry, Soga ana Veal Wanted.
Will pay: Hens, 13 He lb.; hogs. No.
1. 9c lb.; hogs. No. 3, 84c lb. I veal. No.
1, 12-12 4c lb.; veal. No. 2, ll-12c lb.
No commission. Remitting daily.
Th Ssvinar Co., 209 Starx st.
POnTLAND LIVESTOCK RUN.
Week
Ending Hogs. Cattle. Calves. Sheep.
Feb. 27 3843 1008 31 4416
Feb. 20 5232 1093 34 5792
Feb. 13 6354 1635 33 " 4247
Feb. 6 4602 1271 12 2850
Jan. 30 . 4766 1925 13 4222
Year ago ... 5525 1724 20 5264
2 years ago. 8570 1530 14 6668
3 years ago. 1977 260 9 6406
Decreased arrivals were hown In all
lines of livestock at North Portland
for the week. This was especially
true in the lines where there was a
good demand.
Specially noticeable was the loss in
swine supplies. Toward the closing
of the week the "market again touched
$7 for tops. This brought the North
Portland price 26c above the highest
figure obtainable for hogs in the east
ern trade and quality considered the
difference was even greater than this.
. Eastern markets for hogs were very
erratic during-the week, the price be
ing weak and strong by turns, with ad
vances easily following declines and
then back again.
General hog market range:
Best light i $6.90 7.00
Medium light 6.806.85
Good to heacy 6.60(U)6.8d
Rough and heavy 6.00 6,25
Stockers 5.50 5.75
Cattle Price Is Lower.
For cattle there was only a limited
decrease in offerings, but demand show
ed a further loss. Values in general
were weak and were nearly 25c lower
than last week.
Killers of the Pacific northwest still
retain a liberal surplus of cattle and
no effort is being made to accumulate
more. For this reason alt recent trad
ing had to be forced here.
.General .cattle market range:
Select grain fed steers 7. 6007.76
Best hay fed steers 7.25&J7.36
Good to choice 6.50 y 7.00
Ordinary to fair 5. 506. 25
Best cows 6.406.50
Good to prime 5.25600
Ordinary 4.00iy5.00
Selected calves 8.00y8.25
Fancy bulls 5.6006.00
Ordinary 4.00 B 5.00
. Mutton Prices Xdftaa.
With a market decrease in offerings,
there was naturally more demand for
the limited supplies of mutton in the
North Portland market during the
week. Some extra good tamos sold
at $8.50 during the -week, reaching at
that figure a new high record.
At the extreme prices thla week
there was a far better demand than
supply and the outlook is for continued
strength for th Immediate future. On
the last day of the week some ship
ments came forward from Montana
to go on feed here.
General mutton trade range:
Old wethers $6.907.00
Best yearlings 7.007.16
Best ewes ,,6.00g 6.15
Best east mountain lambs.. 8.26 y; 8.50
Valley light lambs 8.00$) 8.25
Heavy spring lambs 7.50(7.75
Wool Situation Is
Showing Strength
In Local Markets
The Portland Wool Warehouse com
pany reports the general wool situa
tion for the week as follows:
The past week has been uneventful
In the way of sudden rises, but there
has been a steady movement all the
time, and while wools have not ma
terially strengthened as a whole, tney
have in some instances advanced 8 to
10 Per cent. This istrue on the one
fourth and three eighths blood comb
ing wools.
The embargo remains the same, al
though Americans are operating freely
in Melbourne, Australia., with the hope
that either the embargo will be left
out entirely, or permits can be secured
for export to the United States.
A little shearing is going on around
here all the time, and we can report
sales of fine wools at 25c in grease.
Also an offer through us to a promi
nent sheep man of 20c for Lincoln
lambs wan refused. The offer was
from eastern parties.
Mohair is still at a standstill, and
prices quoted are same as the past few
weeks, and any decided rise will be
known by us and given out freely to
the trade In advance. Advices Iron)
Yorkshire states that some buying for
America has occurred, but not heavy.
Generally mohair is too low in com
parison with wools with which it
blends, and a better market is looked
for before spring shearing starts.
Below we give eastern mareet prices:
Eastern Oregon Wools.
Scoured
Grease. Basis.
Fine staple 24c to 25c 73c to 75c
Fine clothing ....20c to 22 c 68c to 70c
Fine med. staple. .24c to 26c 69c to 72c
Fine med. cloth. . 23c to 25c- 85o to 68c
Half blood comb. 25c to 27c 72c to 75c
blood comb 31c to 27c 68c to 72c
4 blood comb. . . .33c to 34c. "68c to 72c
WUlamatte Valley Wool.
4 blood 34c to 36c 68c to 72c
blooa 34C to 36c 68c to 72c
blood 30cto32c 72eto76c
Low wooled lambs, 28c to 30c in
grease.
Cotswold and similar wools, 29c to
lc.
Above prices Jn accoraance with
shrinkage and general condition deliv
ered eastern seaboard terminals.
Mohair Prices.
Best combing. 36c to 38c; good comb
ing, 34c to 35c; ordinary combing, 30c
to 32c; best carding, 33c to 34c; good
carding, 28c to 30c; ordinary carding.
25C to2tC , .
Pelt are in good demand, and on
consignments this week a good 10 per
cent advance was realised. Tone of
markets, sieaay. ,
BOSTON STOCK QUOTATIONS
Boston
Feb. 27. Bid price:
Ah meek
Alkme
,250
Mohawk 65
Nerada Oooa 11
Niiilsalns- Sh
. 41
. 4
. 28
:
. IV
. 10
. 49
. 2V4
.375
. 1H
. 73
'. 35H
33
. 20
. 2
. 5
. 9
. 1
. 4!4
. 7
UK
Arcadian
Alaaka
R.lllr
North lintta 23?4
North Take 1
ISelmont
Ohk Cupper
8
Bohemia
Rmtnn ElT
Old Colour
- 4
. 41
. 8
. 13 'i
. 1
. 6
. i4
. IV
. 5
. 204
. i
. 29
- 1'A
.1084
. S3
Old IJoiainloa. .
Osceola
Batte Coalition.
1. Am. ...
4. Jk Hec!..
Parrott
Phoeofa
OntmnUl ....
Chief Cema
China
Copper Kne..
Certei .
Qulucr
Kay cona. . . . .
Santa Fe
(Shannon .
tshattnek
Kaewart
imperii ......
Dalr' west
Kavla-Daly ....
Eart Batte.....
Hup. & Boston.
Hwift Packing.
Tamarack' .....
TrlaitF
First Nat l.....
t- T- ti V I i n . .
tioliif ield Cona . .
Greeue-Cauanea.
Tuolumn"
aubr ........
United Fruit...
Hancock
Catted Shoe My. 53 a
U. Shoe Mchy, pf.
Helvetia,
Honghton
Indiana .......
New Inapiration
lulp Rovale.t..
l4qnlted Zinc
24
IV 8. Smelters
2lVi
pf 40
,.. V4
-
... 2
... 4i
... So
r.. 2
... 73
... 2
... lis
. 1
. 21
. 3
. 5
. 10
. 1
. 4
. 4
. 13
. I1
.. 30
V. 8. Snwltera,
Utah Cons.....
Victoria ......
YVirona
Wolrerioe ....
Wjawlot .....
Yukon Gold...
Crown ' .......
'Verde Ex
Cap Mines....
USalle
bake Copper
Majestic
MaaAh Vnltev. -
M .-!. Mining...
Msyuower ....
Mexico Cons -.
Miami - - . - .
Miclilgaa .....
Despite the fact that there ta a
shortage in the supply ot city slab
wood thla winter, prices have re
mained unchanged, according to one
prominent tlealer. "We are selling
green slabwood for the same price that
has ruled for the past several "years,"
declared the dealer. "Consumers- cer
tainly have no reason to complain on
this score. The wood situation In
Portland today Is practically the same
as It ,was last fall. We are now en
tirely out Of the dry slab and have
only about 100 cords of the green
wood on hand. The slabwood dealers
depend upon the sawmills for their
supply. Some of the mills are not
running and others are running pu
part time, therefore the output of
slab material has been greatly cur
tailed." Another dealer complained
about a surplus of cordwood, and
blamed thla condition in part upon
the labor conditions. 'The problem
of unemployment has had a direct
effect upon the wood supply," he said.
"There Is an unusual amount of cord
wood being cut this winter. The de
mand, however, Is not quite up to the
standard. Householders In general are
conserving their wood supplies. The
recent prolonged coid spells helped
to counteract this influence to some
extent." ,
Opening- for Saddles In South America.
Commercial Attache V. L. Havens,
Santiago, Chile, says: "In my travels
through Latin America. I have found
that American saddles are very gen
erally admired, but at no time or place
in South America have I been able to
purchase any kind of an American
saddle except the McClellan. which Is
sold in Buenos Aires at a high price.
My investigations In Chile have led me
to believe that a good American sad
dle could be sold here for prices rang
ing from $35 to $50, or occasionally
$60. It would seem advisable that sad
dle manufacturers should send their
catalogues to this office. A steel-tree,
single cinch. 30 to 40 pound saddle,
STOCKS ARE HIGHER
AS SHORT INTERESTS
ARE TAKING PROFITS
New York Market Closes the Week
With a Slightly Better Feeling;
Financial Interests Are Dis
turbed by Political Incidents.
New Tork. Feb. 27. Week end realiz
ing, particularly on the part of shorts,
and a fair outside Inquiry was re
sponsible for a rise in the stock list
today. Sentiment In the financial
community during the past week has
been much upset by the alarming re
ports from the seat of war and by the
conflicting advices from Washington
as the Intentions'' with regard to leg
islature matters.
For a time it looked as though an
extra session of congress would not
be called, but at the week end, Wash
ington advices suggested the prob
ability of a continuance of legislative
activities during the spring end sum
mer with a revival of the ship pur
chase bill as well as other minor leg
islation of a kind likely to continue to
keep the vision Of the financial- com
munity focused on the capital for
an indefinite period. Then, too, the
federal trade board will have to be
reckoned with shortly by industrial in
terests all of which taken into conjunc
tion with the apprehension relative
to foreign affairs, is exerting a ten
dency to hold In check constructive
endeavors In nearly all directions.
However, as far as the stock list is
concerned, neither foreign or domestic
liquidation has been of much conse
quence but the absence of a board in
vestment inquiry and the apathy of
large financial interests tend to en
courage operations on the selling-side
by professional dealers. As a con
sequence a period of depression is fre
quently experienced. Nevertheless the
presence of a fair sized short Interest
served to act as a sort of sustaining
Influence and relieves fluctuations of
their ordinary significance.
Range of New York prices furnished
by Overbeck & Cooke company, 216-217
Board of Trade building:
DKSCKIPTION fOpen j Hikbl Low Cln
Amalgamated Cop. On. 6:Va
AtheDcnn C. & F.. c. 40
American Can, c 2,4
American, pf V2A
American Ixro., e..
American Hiifrnr, e.... 1(12
American KmHt, c... 61
American Smelt, pf....l
Am. TeJ. A Tel 119
Anacnuda Mining Co... 25
Atchison, c MVi
Atchison, pf
B. O.. c C5
Meet Sugar 88
Bethlehem Steel, e.. . . 64
Brooklyn Kniiirt Transit 87
"ERST
40
2J'.
92
12 V4
ei
lie.
4
05"
64 M
'eh"
53
H7
Canadian Pacific, c...157V4
1574;i.ViT4
Central leather, e..,. (t
Central leather, pf.
c hi. u. w.. c...
Chi. Ic i. W.. pf 274
C, M. & St. P 84a
Chi. A N. W.. c
27H
85
27 4
4Vi
85
40
Chino Copper I 8fH
Chea. 4c Uhlo I v
-to
Colorado F. I., e..
Colorado Southern, c
Consolidated Gat
Corn rPoducts. c
Itonrer it B. O.. e
Erie, c
Erie. 2d pf
Erie. 1st pf.
20
83
20H'
33
20
33
tJeneral Electric
O. Northern, ore lands.
31
23
'
jj"
31
234
80 V4
23
If Securities
Illinois Central
Int. Harvester. .'.
Int. Metropolitan, c. .
Thish Valley
12
12
132
122
131
K. C. Southern........
Missouri Pacific
11
12V4
82
National Iead .-
Nevada Consolidated..
New Haven
New York Central
K. Y.. O. ic W
Norfolk St Went em. e.
Northern Pacific, c
Pacific M. 8. 8. Co...
45W
44
81
lO0
10
100
Pennsylvanian Railway
104
ioi"
P O., U. it V. CO
Pressed Steel Car, ,.
Bar Cons. Copper-. ... .
Heading, c. . .. ....
Hesdln, 1st pf
Kepublic I. 8.. c.
Kock Island, e
st r.. k .c r.. 2d of.
2TH
lew
ley,
142
i
142
St. 1.. & s. v.. mt vt
Sbmlhern Pacific e. .
62
27
southern Hallway, e. .'
Tenn. Copper
Texas & I'acifle.v..
V., St- L W., e.
t.'nion Pacific, c...
2S
27
119
110H
42
V. S. Rubber, e......
V. S. Steel Co., ...
MVS
42
41$
60
Utah Copper .
Virginia Chemical...
Waash, e. ..........
W. U. Teles-ran. . . .
61 Vi
61
eiv.
62)
Vf eftinghouse Electric.
65
63
Wisconsin- central, e
Total sales 110,300 shsres.
wth saddlebags of either leather or
heavy canvas, would seem 'desirable.
The tree generally used Is rather wide,
with a low cantle, but 1 think that
tire catalogues should show some vlsalla
trea with high steel horn for roping-,
as 'they would be Interesting tn the
southern part of the country. la the
northern part of the country prac
tically no roping is done, and the ordl
nary low horn, medium price saddle
could be used; it should be comforta
ble, but Ught In weight, as the country
la desert and nothing- should be put en
a horse that could be eliminated."..
Auxiliary Water System Planned. -
Contract for the construction of. the
auxiliary water system . for the City
of. Asblnnd. Oregon, has been let to
Smith, Emery 8c Co., ot San Francisco,
chemical engineers. The contract calls :
for a payment of $100,000 for the com- '
pletlon of the lob and work will begin
at once. It is expected to finish the
undertaking by July 16, 116. . The In- .
stallation of the plan contemplates
the gathering of the six different .min
eral waters at an elaborate water tem
ple In the city park where the public la
to have the free use of the waters. The
specific kinds are, new lithla sode,
Berkeley soda, Cuningham gas,-.sul-w
phur, both natural and carbonated.
Erection of a tourist hotel and water
cure sanitarium is said to be a cer
tainty following the completion of the
present contract.
I"
San rranclseo-Anstralla Trade. -
The commerce of the port of San -Francisco
with Australia and New
Zealand showed an increase of 14 per
cent in the calendar year 1914,. the
total trade last yar amounting to $10.--748,632.
as compared with $5,847,614
In 1913. Imports from Australia and
New Zealand at Sun Francisco were
valued at $1,343,608 in 1 U 13 and $2,71.
418 in 1914, an.' increase of 103 per
cent; and exports from Sah Francisco
to the countries named were valued at -$4,503,906
in 1913 and' $8,034,314 In
1914, an increase of 78 per cent.
JSHARP ADVANCE IS
FOR WHEAT;
ENDED
Chicago Market Overcomes Terrific
Ixces of Friday mid Xo Pres
sure to Hell Ih Hliown; Ilecclpl
of Oats Shows Big Decrease, ,
Chicago, Feb. 27. The story of the
wheat trade for the day appears to
be this: That liquidation was quite
complete on the terrific break of yes-'
terday that the offerings were well
absorbed, that there was no pronounced
pressure In the market either early or .
late, and a general movement to Cover
on the part of shorts and to replace
holdings on the part of those friendly
to wheat, but forced out on the vio
lent break, gave the market Its gradu
al hardening tendency from first to -last.
ISarly trades In May were $1.49
to $1.50 . The morning advance was
checked at $1.51 and the stronger up
turn the lasthour to $1.63', better
than 4c over the close yesterday.
The lower spot niarket at Liverpool
was not sufficient to tart any aeti
ina . pressure here. Duluth was re '
ported buying cash wheat at Minne
apolis. The big milling center claimed
600,000 bushels of wheat sold to local
and interior mflls late yesterday. Kan
sas City was reporting export houses
paying 4c over May for wheat early
today. The bearish feeling, so notice
able yesterday because of the destruc
tion of forts at the Dardanelles was
not In evidence today.
Perhaps the selling of corn was over
done on the decline of the past few
days. At any rate there seemed to
be a natural turning to the buying
side Of the market early In. the ses
sion and with the help of the strong'
wheat advance, prices were marked up "
briskly the last hour, A number of
strong- active Interests in this trsde
took hold on the buying side of the
market the last hour which ceemed '
to give the trade and the country a
lead to follow. Receipts dropped to
112 cars. At the close cash houses
were reporting 800,000 bushels sold,
chiefly to exporters. Southwest mar
kets were decidedly strong and the rati
and snow in that quarter helped the
support.
Oats receipts also dropped off to
126 cart for the day. Cash houses with
buying orders for the east claimed
that holders here advanced' prices and
cash sales were limited to 160,000
bushels. Seaboard houses generally-.
are claiming prospect ot heavy -export
shipments for March. " ..
May pork weakened tba first hour to
$17.10 for May, July to $ll$0. th
close a little under the best figure.
Lard closed 10 to 12'4c higher for the
day; ribs. 6c higher.
Range of Chicago prices, furnished,
by Overbeck t Cooke company, ZH
217 Board of Trade building: .
WHKAT.
Open. - IUbU, 'l,ow, Clwt,
Ms M $I.V $l. $I.63V,A
July .1.22 1.2 1.22 ' 1.344
COKK.
May 1 .74 .71 . ,T4
Jul 74 i.UVt .74 V4 .78 Vi
OATS. ! . ' .
PORK. 1
May .. $17.10 $l7.:t1 $17.'1r $17.83 B :
July 17.60 17.73 17.60 11.72
UHll ,
May ...... 10.2$ 10.40 10.M J0.SI7 A
Joly 10.60 1CUW -10.45 10.60 A
KIBS. t -
Msr ...... .RO 0.O ' SSO S.S7
July 10.2O 10.20 10.J2 10.I7
Overbeck
Stocks. Bonds
Cotton, Grain, Etc. .
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trad
Correspondents of Imogen A Brraa
Chicago. New York.
aivai7 Beard of Trade Sulldlar.
FORCED
LIQUIDATION