The Oregon daily journal., December 26, 1915, Page 21, Image 21

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THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, DECEMBER 20, 1915.
wilH" J
PORTLAND IS THE
WHEAT Mjp HAS
ACTIVE ONE HERE
LAST WEEK
Interior Marker Show Considerable
' Movement it Better Prices
European Imand la Priaeipal
Factor in th Trade.
The wheat market was quits active
at intervals at interior Pacific north
west centers durpg the week. Higher
prices were gene II y offering and paid
for supplies, and he movement showed
quite a. liberal ink-ease over last week.
Demand for wliat from Europe was
the chief cause ol the renewed activity
In the wheat traje. Demand was not
confined for deli ary to any one place,
but was trallyjt or eastern rail ship
ment. Leading eorters have gone in
tot heavy buslnas in that direction,
and all of them w .Jiave representa
tives on the Atlanlc coast, where load
ing will be done tf Europe
While this has Arced the hulk of the
demand at interim points during the
week, there was oo an increasing call
from Huddle wcstfnillers, and Pacific
coast millers rerwed their buying
operations, fcspeci41y for choice mill
ing grades. I
uats and barlci market continued
Steady all througrithe week, there be
ing practically ni change In either
values or condition from last week.
The advance of l'Jc a barrel in the
price of patent flolr was expected. In
view of the highennces that millers
are being forced to i.iy for their wheat
requirements. Ne';rtheless some of
the leadins miller? were not inclined
to advance their fiwr quotations until
they taw for certai that wheat prices
Were to be mainlaiiii.
FLOUB Seli.Bg pric Patent. fS.20: Wil
lamette ralley. f.."Ji; i-al straight, H'f'ff
6.00; bakers' local. J ' .l.yu; Montaiiit
spring wheat. (.VM; njrli, S4-Uqj4-UU;
whole wtieat. S5.45; grSaixi. (5.20; rye flour,
pr barrel. ,
BAY Bujinf wire: Willamette Toller
timothy, fancy. f larg llf,0; eastern Orepn
Idebo fancy Uuiou.y. i-l alfalfa.
vetch and oati, $11: mr.
GK1IN SACKS 191 Zjiom huxl. Sr. 1 Cal
cutta s'e is car lot; e amounts hiirtier.
MILLSITFFS Seliiiigpriae: Bran.
fhorta, 1(923.
ROLLilU BaRLEY Suing price, fJ3.50&
0 SO. J
Merchants Exchange Member prices:
WHHT.
h'ri. iur. Wed. Tues. Mim.
-bid
Blueatem 9S fS
P7
H4
23o0
2J00
1R.V
IS 00
97
;
b
fel
lil
2350
atao
isro
luoo
Forty (old M i7
ClBb ST t5 "M
Red Fife 96 (HU VI
Ked Russian .... 5 MS Vl
OATl
Feed 235o 75
UARUV.
Feed Urtij 2 JO
MIU-STTKKS.
Brao IM11
fiburts 1150 ..o iuo
.Western Wols Are
Selling in Boston;
Foreign Marts Up
Boston, Mass., jec. 23. Liberal
transfers of consignd territory wools
have featured the jcal wool market
durlngi the last weeB Kales have been
Somewhat small abot Jt.OOO.OOiJ pounds
due to the year end. The closing Aus
tralian maj-kets ani high prices of
foreign wools are exacted to boom the
market for territory! There are lar;,-e
amounts of territory wool unsold but
much progress has leen made in dis
posing of them. Tpnsfers last week
include half a miUifi pounds of con
signed wool mainly l n tana fine and
fine mediums, at figres that means a
scoured cost of T3 ti 76 cents, a half
million pounds fine Bit 6T cents, on a
Clean Qcsts, juiiucj jauen
Wyoming medium n thp basis of 70
cents for fine and hlf blod. 200,000
pounds original at II to 23 H cents,
fecored values of trritory wool are
edging up, tne price, ranging from S
to 75 cents. Uecetpl during the week
were 1,844.190 pouf.s domestic and
10,911,56 pounds fOeign.
STAIRS T0q NARROW
Workmen were claring out an old
house on one of the lower streets off
Fifth avenue, built a residence, but
Ister altered by arj artist skilled in
East Indian lore, s4"s the New lork
"World. The structure had served as
the first business iome of Hoggson
Bros, contracting dfciguers. Ironwprk,
beautifully carved tuntins. wonderful
told filigree on t windows, steps
leading to the frontdoor in black and
red mosaic. all gajs an individuality
unique and attractfe, if slightly the
worse for wear. wn W. J. Hoggson
Appeared with an flental rug buyer,
proudly pointing tojthe artistic design
In the tilings. Tharug man gave one
glance and shrieked He raised his eyes
heavenward, lnvoklg Allah. Finally
be became quiet fnd to the almost
panic-stricken Ho.son said:
"Do you know wfet that reads'?"
"No, I didn't knoj it read anything,"
acid the architect.
"Each step saysJ There is no God!
There la no God!' there Is no God!" "
Then it dawned iupon the architect
that the orlentalisthad adapted in his
decorations a sentace from the Koran;
"There 1 no Godbut Allah," but the
atalrs had not beJ wide enough for
the last two wordi
Girls Jailed (or Sympathy.
Berlin, Dec. 2Dv (U. P.) Because
they would not hiu their French sym
pathies and their iatred against Ger
many, Bertha aj$ Olga Meltzler,
daughters of the hayor of Vorbruck,
a Tillage In Uppej Alsace, were tried
before military ciirt at Btrassburg.
The older one of tie sisters was sen-
tTMA1 t r fmir mrtitha' mnri snnmcnt.
while the younger tie got off with two
creeks.
TKANSHUTATIO.V
Iwin "taiatd 01 the Facitk
7?
-waxax leaxHXBJi"
SAN FRANOSfO-HONOLULU
sails tor Francisco
ssaie. 30.
tour. Sxpreas ldtA and Seyt,
ajtaaa?' MX
BS. Oreat Sottas from 8aa Fraa
siaoe f XoaolahDec. 16, Jaa, &, as,
aaMarrfaoa. it M et.
V r w .WW
DUR1N
, .rA i.
GEN BOG APPEARS
SOME
SECTIONS
TO DAMAGE WHEAT
Government Sends Out Warning
Itegardjug the Danger From This
lasect Oregon and Other North
west Fields Untouched.
The spring grain aphis, popularly
,raln fitlds In Tennessee. Texas.
Oklahoma Kansas, and in north wetU
w. jl',cicoi and it is probable
that it la also in southern Missouri
and Arkansas. The danger of this
pest doing seriers damage In the
spring depends to a great extent upon
trie weather between now and the mid
dle of April, if the temperature dur
ing this period is sufficiently high to
enable the green bug to breed through
out the winter, and at the same time
sufficiently low to prevent its prin
cipal natural enemy a minute black.
. , II? trotn developing
a
c.i.uo vi.-siiaiion over large
areas
In all the states where the green
Dug has made its appearance grain
growers should watch their fields
carelully. f any spots appear where
the grain changes from green to yel
low in color, these should be plowed
under as deeply as possible and the
ground harrowed and rolled It is
from spots of ihts character that the
green bug spreads over the remainder
of the fields. If straw ran be spared
for the purpose. It may he spread
over the infected patches and burned.
This destroys the pest as effectively
as the plowing under of the groud.
Ordinarily, the green bug is kept n
check by the minute fly already men
tioned. This parasite lays Its eggs !n
the body of the green bug and the
young, hatching from the eggs within
the body, ultimately cause the death
of the bug. These parasites are found
in a considerable number of insects
which are closely related to the green
bug. L'nder favorable temperature
conditions iey will probably increase
until their numbers are sufficient to
overcome any material increase in the
numbers of the green bug. They are
not. however, able to withstand as
severe weather as the green bug It
self, and it Is important, therefore,
that the farmers in the regions likely
to be affected by the latter take the
necessary steps immediately for their
own protection.
JS far as known none of the Pacific
northwest sections have to date this
season been invaded by the green
bug.
South Americans
Astounded by Prices
Tx3 Angeles, Dec. 15. (P. X. S.)
That Fouth Amfriran merchants are
astounded by the hterh prices now
charged them, for goods by the United
states, was the statement today of
Km.'d Jensen, representative of a
Buenos Ay res firm. Ho said Germany
and oth"r European countries former
ly furnished goods for much lower
rates.
EXPERT SEVERELY SCORES
MUNICIPAL EXTRAVAGANCE
IJy K. C. Forbes.
New York. Dec. 23. (I. N S.) If
you own real estate you will be glad
to know that conditions promise to In
crease its value.
The United States is daily becoming
a greater, richer country.
Those who own the United States
holders of real estate can not fail to
share in this growing prosperity.
Kvery man or woman w ho possesses
a plot of land is a part owner of
America.
What are America's prospects?
What does the future hold In store
for this country?
First let us consider what has al
ready developed.
1. Months ago securities began to
advance in market value, and the rise
has embraced almost all dependable
issues, both bonds and stocks. It Is
axiomatic that Wall street is the first
to discern the approach of good times.
2. The recovery which long headed
financiers 6aw, has already material
ized in most lines of industry.
5. Railroad receipts have begun to
reflect very strikingly the business
expansion.
4. The demand for labor has be
come keen in many directions.
6. The new banking system, plus
the Inflow from Europe of several
hundreds of millions of gold, has
given this country nn abundant supply
of money with which to expand busi
ness enterprise, both at home and
abroad. Already Influential interests
have taken steps to develop greater
outlets for American merchandise.
6. The demand for business sites
has begun to improve. And as our
foreign trade is built up this demand
must increase.
7. Confidence has been re-established
in large measure among men of
large affairs, so that further Indus
trial expansion may be accepted as
certain.
Economists will tell you that the
order la which prosperity develop
ments take place is this:
PORTLAND STOCKYARDS GROWS TO BE
By William H. Danghtrey.
President Portland Union Stock Y'ards
company.
People in Portland and the north
west generally have a very clear Idea
of the place which the present stock
yards plays in iho livestock Industry
in this western country but few of
them know much of the early history
of the original Union Stockyards.
In the beginning of the year 1897
two prosperous livestock men of Yam
hill, Warren Merchant and Allya Yo
eom, formed a partnership and se
cured the good will of the Union
Stockyards as It existed at that time
in old "Slab Town" or North Portland.
The holdings were a collection of pens
bultt on leased grounds. These people
took care. In a way. of the trade which
came from the Willamette valley and
eastern Oregon, for at that early date
Portland was recofrnized as the live
stock center of this northwest coun
try. A year or so iater .these gentle
men closed out their Interest to W. H.
H. Morgan, a well known livestock
man. and for many years a resident of
Sauvles island. This was early In
1900. Mr. Morgan immediately incor
porated under the name of Portland
Union Stockyards company, O. M.
Plummer and the writer at that time
securing half of the stock in the new
concern. Mr. Plummer was made sec
retary and treasurer, and the writer
General manager. About this time the
ind on which the stockyards was lo
cated was bought by the company, an
acreage all told, probably covering
about two and a half or three acres.
Within a short time. Mr. Morgan re
tired from the company, the entire in
LEADER
OREGON APPLE GROIRS ARE IN NEED OF
STATE MARKETING ORGANIZATION WHICH
WOULD TAKE CARE CARE OP ALL SUPPLIES
Beaver Btate, the Place Where the World Secured Its Knowledge on
Producing and Marketing of Good Fruits, Is Without Marketing
Organization of Its Own Producers Forced to Deal With lUvala
Immediate Steps Necessary.
By Hyman n. Cohen.
Oregon taught, the world what real good qualltyf apples were like. This
state is the birthplace of the modem apple and the world's marketing idea.
Today Oregon has no marketing organisation of its own" for the sale of Its
peerless fruit, it Is dependent upon the whims and likes of competitive states
for machinery for the marketing of its world famous product, ad the ma
chinery has not been working as well for the growers of this state as for
other sections.
Oregon needs a fruit marketing concern all Its own. There, never wa a
time when one was more badly needed. Such an Organization would save the
reputation of this state from decay. At the present time the marketing in
terests are too busily engaged in playing Washington politics to pay mucn
attention to the product of the Beaver stato.
Big Increase la Production.
Unless all signs fall, Oregon will next season have far its greatest crop
of fruit. It will have in 1918 its greatest acreage in bearing apples, and prac
tically all this Increased area is st to the varieties which have made this
state famous from one corner of the world to the other.
Not only lias Oregon the honor of having the greatest apple orchard in the
werld. in point of area, but it likewise grows the best quality of fruit. Its
fruit invariably brings the highest price in competitive markets, except per
haps when the marketing interests which have heretofore controlled its prod
uct, have been too insistent upon increasing the account of other states to jpay
particular attention to our apples.
The most famous fruit growing centers of the world are located In Oregon.
Hood River has a reputation that would be envied by every other section of
the globe. In fact, to have a product that will stand close to the Hood River
product in quality Is the keenest desire of the districts of other states.
Portland vs. PuyaUup.
Puyallup, Washington, has sought to beeome the great apple marketing
center of the Pacific northwest. Puyallup politicians have been busy in the
apple market for several seasons, try ing to gobble everything in sight. So far
as can be ascertained at -this end of the line, the results achieved by Puyallup
Seattle interests have been most detrimental to the Oregon Industry. Oregon
must go it alone in the apple marketing game, because its product is different
from that of other states, and, therefore, needs specialty marketing.
Rogue River Is an Oregon district whose supreme apples and pears should,
by all means, be marketed by Oregon interests, because only through this
state can that district secure its best prices.
Mosler stands in a class by itself in the apple growing field, and, for that
reason, its fruit should be marketed by interests who have the best Interests
of the state at heart.
Saoold Establish Bread.
There Is not the slightest doubt that branded apples will sell to better ed
vantage In the world's market than the unbranded stock. While It would still
be advisable for the various districts of this state to retain their individuality,
still one general marketing name would secure better price results than the
present system of every one going it alone.
Oregon apples, no matter from what Bection of the state, should be mar
keted as such. The word "Oregon" should be most prominently displayed on
apple box labels. This would create and help to retain for this state the
cream of the apple business throughout the world.
Portland Should Take Step.
Portland should take the first step In this regard for the establishing In
this state of a cooperative marketing organization that would deal exclusively
In the product of this favored section. The Porland Chamber of Commerce
should start the work of organisation without delay, because it will take
many months to complete an adequate organisation. Portland being the
financial center of the Pacific northwest, should finance the growers, and could
easily do this.
Ivaltv to the state should be the first consideration of growers and
financiers alike. Under the present
only the skimmed milk of the apple trade,
AriMiuiLta inspection measures should
ments from this state of fruit that
state.
First, a rise in securities; second,
anarchy In business activity; third,
Improvement In real estate.
Well, we have already experienced
quite a boom In bonds and stocks.
And the revival in trade is now well
under way.
It Is now
time for real estate
to
pick up.
Will It?
I, for one, believe It will. If
Kaaletpal Extravagance Scored.
The worst drag upon an advance In
real estate in many cities and towns
Is civic extravagance ometlmes tak
ing the form of downright graft.
Municipal borrowing threatens to
become a nation-wide scandal and an
economic danger.
Public improvements are. of course,
very desirable. It is proper that
towns and cities should be made at
tractive. But the evil lies most often, not In
the amount of money spent, but in the
amount misspent.
There are in many cities, too much
graft, too much wastefulness, too
mur-h extravagance. There are too
many civic sinecures, too many un
necessary tax eaters.
Incompetence runs riot.
New York, for example, has been so
misgoverned that the tax rate is Im
periling the city's growth. Experts
figure that the 1916 burden will run
well above 2 per cent, perhaps as
much as 2.20 per cerft.
The city's credit has become so
Jeojardized that our leading bankers
not long ago felt compelled to remon
strate and to call a halt upon un
bridled borrowing.
New York city's interest bill now
alone eats up almost $1,000,000 every
week!
However, taxpayers are aroused and
a more efficient, economical regime
is hoped for and looked for in the not
distant future.
Given reasonable administration,
what Is the broad outlook for real
estate?
terest being taken over by Messrs.
Daughtrey and Plummer.
Early in 1907 the 8. P. & 8. Ry. com
pany having need of the land for its
trackage into Portland, the entire
stockyards holdings were sold to that
company, but use of them was not
surrendered to them until September,
1909. During the early days of the
stockyards, the people Interested in
the yards were themselves engaged
In the commission business, handling
livestock on commission, as well as
caring for the general yards work. In
its early history, the stockyards peo
ple were always noted for the way in
which they took care of the needs of
their customers.
Blgrer Yards Seeded.
- During the last days of the stock
yards, the pens were frequently
crowded to excess, but livestock was
handled with great dispatch and to
the entire satisfaction of all con
cerned. About this time it became evi
dent that Portland was due to take
Its rightful place in the livestock
world, and after consultation with
large interests a site was selected,
on what was then known aa the Pen
insula, at which place the old Port
land Union Stockyards was merged
in that of the present large and pow
erful company, the management all
the time remaining in the hands of
the original people, with O. M. Plum
mer as secretary and treasurer and
the writer president and general man
ager. Something like $500,000 has been
Invested in the present plant, which
for completeness Is second to none in
the United States. Every convenience
for the rapid handling of livestock
and Xor the proper caring for its
IN GRAIN
system of marketing, this state secures
while It is entitled to trie cream.
be secured that will uton tnv shir-
would endanger the reputation of the
First ef all It Is important to re
member that real estate, in New York
and not a few other cities, has under
gone a period of depression.
Values have fallen 10, 20 and in
some cases 50 per cent since 1906.
1907. The 1907 panic precipitated a
decline from which there has pot been
material recovery.
STational Wealth Oa Increase.
Therefore, we start, as It were, from
a low level.
The termination of the European
war. it is widely agreed, will bring to
this country an unprecedented number
of Immigrants.
They must be housod.
Then it Is an elementary fact that
a boom In general business brings in
Its train a keen demand for buildings
of all kinds.
I have consulted local real estate
authorities and mortgage bankers,
and they state that symptoms that
recovery are coming into sight
Big cities and Industrial centers
would seem to be in lino for the
biggest share of the improvement.
But unless all calculations are falsi
fied, the tremendous activity and ex
pansion which the United States faces
ought to mean enhanced values for
real estate all over the country.
Our national wealth Is now increas
ing at the rate of a billion dollars a
month 1
Breeding of Corn
Means Best Quality
Walla Walla, Wash., Dc. 25. That
breeding fine corn is not unlike the
breeding of fine cattle, has been dem
onstrated by Lv J. Campbell, superin
tendent of the Stubblefleld home, near
this city. With 12 cars of corn grown
from seed taken from a single ear,
careruny Beieciea irom a previous crop
he won first prize at the Walla Walla
corn snow conducted by the O-W R
N. company. With 10 of these 'dozen
ears he won first prize at the 8t.
Paul show, conducted by the Great
Northern.
Red Cross Fund Raised In E&ypt,
Alexandria, Dec. 25. (U. P.) "Flag
Day" In Egypt brought 1545,000 for the
British Red Cross.
wants have been Incorporated In the
present yards, it being the crystalliza
tion of all of the best ideas of all
stockyards up to the time of Its con
struction. Bdncatlonal Campaign Started,
A campaign of education was Imme
diately started to cover the entire
west coast, its work has always been
along constructive lines, always look
ing forward to the general good or
the entire people. It has backed anv
and every good cause in this western
country; has always carried more than
its share of the civlo burden, having
maintained a very active membership
on the Chamber of Commerce and in
the Commercial club at all times. The
agricultural colleges and schools of
this country have always considered
the stockyards one of their best
friends and it was probably through
its agency mere than any other that
the splendid club work among the
children of this western country was
started, the success of which has been
beyond our fondest dreams and the
future possibilities beyond our present
knowledge.
Tee good treatment which was al
ways a part of the old stockyards
schema, naa continued through the
years and at the present time feeders
era breeders and farmers of this ter
ritory place Implicit confidence in ev
ery Item of information which goes
out from the Union Stockyards at
North Portland, the aim of the man
agement always being to advance its
Interests through a fair statement of
Its own case, rather than by destruc
tive criticism of other competition.
Orewth Zs Xeelthy.
That this course meets the approval
of the public In eneral. Is shown by
AND LIVESTOCK
WOULD
A
NATIONAL MA
Plan to Have Kach State Kepre.
Bentcd la Body Absolute Co
operation of Farmers Is Vital
to the Scheme
The problems of distribution of ag
ricultural products are now receiving
widespread attention; and It is gener
ally conceded that the first step in i
solving these problems is the thor
ough organization of agriculture Into
local, county, state and national units.
But the National Association of Mar
keting officials believe that such guid
ance can be most efficiently supplied
by state bureaus of markets estab
lished tinder the laws of each state.
They furtiier believe that these state
bureaus should he united in u national
federation. Such a federation can do
for the several states what the state
bureau doe's for the local associations.
The representatives of the Stale Bu
reaus of Markets, already established,
assembled in Chicago on the 30th day
of November, 1916, organize, there
fore, the National Association of Mar
keting Officials under the following
articles of agreement.
In launching the organization they
recognue that its success aepenas at
solutely upon two conauions:
First, 1
the hearty cooperation of all organUa- i
tlons of farmers In the states repre-i
santed in the National Association of I
Marketing Officials; second, upon the
cooperation and support of the office ,
of markets of the United States de-,
partment of agriculture. i
The articles of agreement are:
ARTICLE I.
Section 1 We. the undersigned as-
sociate
ourselves to form a National :
Association of Marketing Officials for
the following purposes;
Section 2. Each slate marketing bu
reau shall keep every other state mar
keting official and organization man
ager Informed as to the work carried
on, insofar as it may have a general
interest. ... I
Section I. Each state marketing bu
reau shall place ail members on the
mailing list to receive bulletins, price
reports and other publications as may
be of general Interest.
Section 4. Each slate marketing bu
reau shall advise, upon application,
any member as to the addresses of
growers' marketing associations and of
responsible producers who have farm
products for sale.
Section 6. Each state marketing bu
reau shall advise, upon application.
any memoer oi me miauciai roiiuum
blllty and of the ability In general of
commission houses. Jobbers and other
distributing organizations to perform
their functions.
Section 6. All members shall coop
erate, upon application, with any of
the offices whose chief or manager
Is a member of this association in
looking up markets for tho sale of
farm products.
ARTICLE II.
Section 1. Membership Is open to
any state marketing official, or as
sistant, member of faculty of agri
cultural college or university who Is
engaged In the Investigation of con
ditions affecting the marketing of
farm crops, any officer or assistant
In the office of markets, United States
department of agriculture, and to any
manager of a farmers' cooperative
marketing organization which Is en
gaged in Interstate' business.
section 2. In all states where there
Is no marketing bureau and there la
one ormore efficient marketing asso
ciations doing an interstate business
the board of control of the Natlonul
Association of Marketing Officials
may make arrangement with the asso
ciations which show efficiency in dis
tribution to perform the functions of
said state marketing bureau, until
such time as a state marketing bu
reau shall be eiUsblished. For an as
sociation to so act its manager must
be a member of the National Associa
tion of Marketing Officials. No asso
ciation so appointed shall be expected
to perform any service in conflict with
its own Interests.
Section J. Membership of the board
of control shall be confined to and In
clude the chiefs of all state market
ing bureaus who are members of this
association.
Section 4. The annual membership
dues shall be II. except that of the
members of the board of control, whose
dues shall be $5 each.
article nr.
Section 1. The expenses of the sec
retary shall be paid from membership
dues and from other funds collected
for services rendered In accordance
with section 2 of this article.
Section 2. The expenses of any spe
cial Investigation or assistance ren
dered upon the application of any state
shall be assessed against the agency
which makes the application.
ARTICLE IV.
Section 1. The board of control at
its annual meeting shall elect presi
dent, vice president, secretary and
treasurer, who shall serve for the terra
of one year, or until their successors
are elected.
Section 2. A quorum of the board
of control shall consist of the repre
sentatives of a majority of the states
Included In the membership.
Officers of the board of control are:
President, W. G. Scholtz, state di
rector of farm markets, Boise, Idaho;
vice president, Coionel Harris Weln
stock, director of state market com
mission, San Francisco, Cal. ; secretary,
William R. Camp, chief division of
markets and rural organization, Ral
eigh, N. C. ; treasurer. Emmet A. Jones,
chief of markets bureau, Montgomery
Ala.; Dan U. Hughes, Atlanta, Cia.;
C. E. Embree, WaterviHe. Me.: James
N. McBrlde. Burton. Mich.; John I.
Dillon. New York, N. Y. : E. J. Watson.
Columbia. S. C; Fred W. Davis, Aus
tin, Tex.; E. S. Brigham, St. Albans,
ESTABLISH
RKEIG
OFFICIAL
ASSOCIATION
LEADERS IN ITS TERRITORY
recent results. The fact that the new
yards, from Its start in 1909. has had
a conservative, heaithv growth Is very
clearly borne out by a few statistics:
Receipts in carload lots were:
1910 w. 5408
1911 S 5444
1912 5666
1913 6600
1914 6731
And most significant of all. receipts
for 1915, which will total almost 7000.
and this increase in 1915 in the face
of a year which has been, to say the
least, very lean. At the time of the
opening of the yards in 1909, only
SO, 000 odd hogs were coming on the
market. 30,000 of these coming from
Nebraska The year 1911, with a re
ceipt of 86,000, 34,000 came from Ne
braska: 1912. with a receipt of 120.
000 hogs, only 6400 came from Ne
braska, since which year no hogs have
come from the corn belt country.
All Imports Cat Oat.
This is due to the aggressive cam
paign for more and better hogs car
ried on over the northwest, which has
resulted in placing hogs on nearly
every farm, to the end that the year
1915 will show a receipt of over 600,
000 hogs, practically all of which
have come from Oregon Washington,
Idaho and Montana Sheep also In
creased from 167,000 in 1910 to alsout
300.000 in 1911. holding their owrTln
1912-13-14. In line with the great
scarcity all over the country, of both
cattle and sheep, they shipped back a
trifle in 1915. It is a generally rec
ognised fact that the prices at the
Union Stockyards, North Portland, set
a standard, by which all outside west
ern market places take their prices.
This is an open, competitive market
LIVESTOCK MARKET
GENERALLY IS GOOD;
PRICES DO BETTER
r.
Hogs, Cattle and Sqeep bhow AI-
vances Early in the Week at
vrtk ,,.. j . ,,., :
orth lortland; Killers Have an
Over Supply of Cattle on Hand. ;
PORTLAND LIVESTOCK RUN.
Hogs. Cattle. Calves. Sheep.
4949
3362
2275
1921
8050
6179 !
Does not include Saturday.
This has been a week of excellent
livestock marketing at North Portland. ,
There was a smaller run of hogs than i
during the previous week, but the ,
trend of the market was better.
Hog prices climbed to a new high !
mark fr the present movement a.t
$6.15 during the week and a number
of sales of toppers were made at the
extreme mark.
The way killers took hold of hog
arrivals during the week despite their
previous heavy purchases, indicated a
generally improved situation.
ijueml ho; auirksl rause:
Choice light welirbu SS.IOOS.IS
;xxi light wrlgbta 5.iKC.OS
Matllum wciitht O.do(j3 t5
IUk.su and uevy &.00su
Cattle Market Easier.
After a period of great strength the ,
cattle market became restless and .
somewhat 4jasler in tone at North Port-
land during the week's trade. While
the undertone of the market continues
good, the extra heavy purchases by
killers recently have more than filled;
tneir immediate requirements. i
mere was a somewhat heavier run
of cattle In the yards for the week. !
Early sales were made at full prices,
ouiaral cattle nmrkei raoss; !
Ordlimry xrln fed teera!. ........ '. 7.1ia7f5 1
ltee;.
IboUc buy fed tttra 7. 0047. 10
e.T5gtf SS
Uidluari to commun Herri
Cbulce cowi
5. 60 3.75
3&0tf. .00
i iiJ-i 00
4.005.75
ft. 754. 50
Urdtuary V tommon cuwa.
i'bntt tpajed belters
Ordinary to fcixxl belters..
tiuice bulla
to fair bull
Ordinary to euaiiaou bulla.
2.0oi7J
Mutton Situation Strong.
Situation in the mutton and lamb
trade at North Portland is remarkably
strong. While there was an increase
in total arrivals for the week as com-
pared with the previous six days, the '
Pulk. of the stuff continues to come
direct to killers. In fact most of the
arrivals came from nearby feed
lots
maintained by these killers.
All through the trade higher prices
This we'k 11163 1175 6
Last week 12446 916 6
Pre. week 1324S 1848 to
Month ago' 13006 112 30
2 yrs. ago 4028 666 9
3 yrs. ago 1364 936 110
ruled for the limited volume of open , safes of early winter stock In the con
market offerings during the weAT i suming markets, but only a small part
oeLeral mutton and iaaiu rauxe: inf th nrrtn rmalrm unsold in stnritr
Choice welgbt lambs I 7.60 1
Good to cum mo a laabe.
l'oor to fair lamb
OLuice yearling metuers
Good to eotuBioa Jterlingi
Old wether
Cbolce ll;ht ewes
Qoud to cvuimoa ewes ....
SUBURB RENT WRONG
The elimination of the recent feature
as one means of establishing and
maintaining a high standard of com
munity life in the modern suburban
development is advocated by William
C. Demerest, president of the Realty
Trust company of New York, in the
New Y'ork Herald.
Speaking of "rentals" and their de
rogatory Influence upon suburban re
alty, Mr. Demerest said:
"The very reason which Impels folks
to rent, rather than buy, a country
home, indicates that their motive Is the I Bask Clearings Increase Over t In
direct antithesis of the developer's 1 OOO.OOCv Clearings of Portland banks
aims and ambitions. The builder of a tor five days totaled J9, 361, 104. Com
suburban residential park is a pioneer I pared with the corresponding five days
in the truest sense of the word, as- in 1914, which totaled $8,200,929. This
suming as he does great physical and , a rain for the latest week of $1,
financial responsibilities In creating ! 160,175. Bank clearings for the en
out of waste land a city Improved tire' United States for the week ending
dwelling place amid country surround-
lngs.
The Idea of permanency which pre-
dominates in the policies of every rep-
utable builder finds no place In the con -
slderations of the renter, whose life,
from a real estate standpoint is gypsy-
like, "here today and gone tomorrow.'
The degree of interest which a resi
dent manifests in his community Is
governed largely by the extent of his
financial obligations, which tend to
bind him to the place. The renting of
real estate entails comparatively little
obligation (especially under our pres
ent laws), and consequently the rent
er's interest in his neighbors and his
'neighborhood' is correspondingly small.
"The great majority of suburban res
idents, who, after careful discrimina
tion, finally settle down In a certain
community, do not want to live among
a continually shifting population,
where ojm has a whole new set of
neighbors every 12 months."
Vt. ; Hector Macpherson, Corvallis, Or.;
Ccrleton C. Pierce, Klngwood, W. Va.
Legislative committee, Harris Weln-
stock, chairman; Dr. John Leo Coulter,
Emmet A. Jones, John J. Dillon, C. C
Pierce. .
New Fso for Undertakers Shop.
Streatham, Eng., Dec. 2S. (U. p.)
The local recruiting station Is located
In an undertaker's shop.
and the offerings at these yards day
by day are assimilated in a manner
very satisfactory to shippers of cat
tle, hoas and sheen, which are handled
ht re, being sent to all cities of the
northwest, as well as taking care of
the local demand.
It is very seldom that this market
experiences a violent fluctuation, eith
er one way or the other, usually it
advances 5, 10 or 15c until a high per
iod is reached, and depreciation usual
ly comes with an equal small drop.
Compared with other markets, and es
pecially along hog lines, the prices
at this yard have been uniformly high
er covering a range of years. An un
usual condition has applied during the
past few months, however, due to war
conditions and the high price of
a heat, which has forced growers to
put on mis mariei many inousanas
cf hogs in a half fat condition which
has caused the market to seek its
present level, which while not entirely
xatlafactorv to most growers, makes
profitable business. Our most suc
cessful feeders recognize this fact
very general It and are keeping their
breeding pens and feed lots well
stocked, knowiner that the man who
stays in business through the thick
and the lean, is the man who has the
respect of his banker.
There is probably no one Industry In
the city of Portland which means so
much to the general merchant and
to the general prosperity of the city,
as does the Union stockyards. From
17.000.000 to $20,000,000 worth of
livestock pass through these yards an
nually. Nearly every shipper, upon
securing his returns from his commis
sion man. takes a fair sum in cash to
b spent la Portland.
FINANCE, INDUSTRY
AND TRADE REVIEWED
Good Baslnees Prospects for 1916
Bankers, merchants and commercial
houses face 916 with more hope than
they have experienced or liave been
willing to admit in two years. There
are indications on all sides that things
1 arc "loosening up,'' and it will not
be long before they will make them
selves felt in actual trade occurrences.
, Christmas trade has been good. The
I purchases have been substantial and
several concerns agree that they have
done better than they had really hoped
at the beginning of the season. The
number of shoppers has been greater,
and If the average purchase has not
bfeea qulle M hlgh aa ,n more pio8.
perous seasons, the volume of business
I done by the leading concerns has shown
Improvement. The late shopping wus
as heavy as In any year.
With the trade territory of Port
land making more purchases, the
knewn prospects for the lumber busi
ness, the upturn in price In the grain
market and the Improvement in col-
lections, the general outlook is much
Improved.
There are usually a number of busi
ness failures and adjustments of cred
it conditions Inevitable each Janu
ary, it is recognized as the worst
month in the year in every section of
the country. But business houses and
the merchantile agencies do not look
forward to January developments along
this line as they did last year. Kvery
effort is being made to assist those
who deserve assistance until the up
turn assumes sufficient def lnlteness
that all will get a share of the future
business.
nearly Normal Conditions Predicted
R Ci. Dun Co. 'a bi-weekly comment
on conditions in the Pacific north
west. Issued from New York Christmas
day- discusses tho general outlook, the
ltnpro ernent in lumber conditions,
heavy demand for flour, and touches
UDon the present sit iition in i,i,ies
illf i, ,
f , , ,, ' v B!t, ,.
A decidedly better feelln- prevails
" -' - .-i
o..ui.i -u. uiUC.-
something unforseen happens trade.
conditions in the Hud fie northwest ar
expected to be restored In the coming
months nearly to a normal basis, i.e-
tJ" holiday business is exceptionally
gcoa and makes a favorable compari
son with the records of other years.
Improvement in '.'.ie lumber situa
tion is marked, en shown by the hard
ening of values, the reflection entirely
of increased domestic consumption, as
the acceptance of new foreign business
Is made almost impossible by the
shortage of ocean carriers.
A development Incident to the war
nf crreat imrifirtanni. tr tha Puelfir
northw. iu ih nram omonri fmm
Kurope for flojr orders for 300,000
barrels have already been booked and
business pending brings the total trade
in sight up to SOu.OOO barrels Bres-
.en t indications are that pitmrtu of
flour to Europe during the cereal year
will establish a new record.
The demand for the North Pacific
ar,tilen haj been checked bv th heavv
In thl ctat- Selllnir finft roonera 1 1 e
a.257.23 organizations are now perfecting plans
. .WflS.7o for handling the 1916 crop, which, as
.,,,-?';.? much new acreage will come into bear
" aiSS 1"B. 18 expected to be larger than any
aeodiajo ht.r.tnfnr p-ro. n
The movement In the hop market is
not brisk at present, but prices re
main close to the o- enlng figures. The
growers' association is holding 26,000
bales, while independent stocks are
much reduced
I With a limited demand frr wool
here, a considerable portion of the 1915
cup wnicn nas oecn eiuneu in uiin
cltv has been shipped to the
to the eastern
markets on consignment. Indications
point to a large Increase In the 1916
Oregon clip, as the marketing of sheep
In the Pn"t summer was unusually
small. The quantity of breeding stock
on Oregon farms was never larger than
this winter.
Hog receipts at the Portland stock
yards continue heavy and the price re
mains down near the cost of produc
tion. Cattle prices are advancing be
cause of the inadequate supply.
j December 16 show a large Increase
over the corresponding period of last
y ear. New iotk city s neanngs re
corded an Increase of 86.3 per cent,
I jror tne cities of the country outside
j 0f New Y'ork city the average increase
29.7 per cent. All of the cities
SPIRIT OF
ABROAD IN
New York, Dec. 20. (I. N. S.) This
Is a Merry Christmas Indeed for New
York. One year ago 200.000 workers
of the big city were out of Jobs, here
was suffering In many hom-s. Public
and private philanthropy was taxed.
The business man was chary of his
gifts and the average father of a
famliy shut his lips firmly when ap
proached on the Bubject of Yule Tide
allowances.
The department store crowds have
(r)een trle throngs about the free
-lde show at the circus. i-urcnasem
from the beautiful things piled high
on the tables found It difficult to get
clerk to wait on them without a
long delay.
Prices of everything are high, an
other sign Of good times. No need of
bargain sales when the difficulty is
only in handling the business. In
stead of details of comparative prices,
some of the stores simply printed an
artistic poster-like advertisement with
never a dollar sign to mar the word
of good cheer.
The newspapers in some cases have
been printing the largest issues of
their career. One dally has Just print
1 ed
ed the largest evening eamou
published In the United tSates.
rostofflce Sas Been Swamped,
The poBtofficen have been perform
ing herculean taks. The parcel post
departments grappled with a vast
nrohl-m The money order clerks dis-
, patched tens of millions Of dollars In
1 ... . . i i .11.."
Christmas guts to ins ou
back aeros the Atlantlo In wax-aaj-
dened Europe.
In the big hotels rooms are scarce
and the dining halls are aglow with
nirlt of affluence. Leaaersip in
i th Bten(jinr la claimed by the numer
- k.o.ki Thi name
1 ou ' fca-Wes. This i name
' was first given to kiting munition
I stocks and has now been conferred on
i their favorites, the tens of thousands
who have grown rich through specu
lation In the war securities.
Their name Is legion and they are
a different class from the usual stock
market winnera The public Is a bull.
This time the public was right, again,
and again right. Fortunes were made
by ths lambs, who had never won any
thing before and were always consid
ered the legitimate prey of the pro
fessional wolves of Wall street.
LlberaiHy In spending Is to be
noted, too. In the more conservative
classes, the solid business men who
hav made nroflts in war stocks or
have simply shared In ths general!
boom reflected la bank clearance for
In the Pacific coast. Which report their
total bank transactions, show Increases
ranging from 6,5 to 31.8 per cent tot
the week.
Activity In Seal S state CteneraL
From the Atlantic ocean to the Bock J
mountains come reports of Increasing
activity In real estate. New Yjrs
city is enjoying a revival of this kind,
and Chicago for some time has erv
Joyed what has amounted to a boom
in its better residence property. The
report of building activities In No
vember, shewing a gain of better thai
70 per cent over .the corresponding
period of last rear. Is a sure sign 4l ;
increased Interest in real estate. Tfe
blizzard conditions that prevailed last
week may cause a slow down In realty
activity, as the cause of rauCh of the
late fall and early winter developments
Is attributable to the open weathei
that heretofore bad generally prevailed, .
It Is believed there ts a stability IB
the present activity.
S
Reserve Bank Shows f 1,000,000 Xesl
Sold- Operations of the Twelfth dis
trict Federal Reserve bank at 8aS
Francisco shows total gold holding,
tl3.4Sl.000, a los of $1.030.0 Com'
pared with a week ago. Rediscounts
total 577.000, a loss of til. 000. Indi
cating inactivity with member banks.
Ieposils show gain of $156,000 tfl -$17.t56,000.
and total resources a U .
gain to f21,a8,000.
Money Bates Tend to Tlrxaaaaav
The week closed with money rates at
New York practically unchanged but
during the week there were evidence!
of higher rates being asked la the
near future. Commercial paper held
at 3 to 3 U per cent. Foreign ex
chance was firm at 4.724 to 4.T114.
Sixty to 1(0 day paper held at SH to Jt
and six months maturities 2 to I
per cent. New York banks showed
loss of funds to the Interior, but the
ini portations of gold that are going on
offset any effe t of the loss. The
need of the money In Interior points
is laid to the payment of dividends
at the beginning of the year.
Stock Excaaafce Trades la Mexican
Shares. ConBideiable Interest was
shown during the week in Mexican
railway stocks and oil slvares due ts
the growing stability in Mexican af
fairs. A large number of English-held
securities was marketed without af
fecting prices adversely. There was
light dealing in Anglo-French lands at
around War .shares were strong.
The leading railroad stocks grew
stronger as the week progressed.
Oregon Truck October Earnings Oatsk
Both frelgnt nd passenger business
on the Oregon . Trunk railroad made
big gains during October, indicating
that there was. a good movement 41
crops and Increased travel into the
interior. Tho total earnings, of this
road for OcioWr were $27,722, com
pared with $:0.t09 for October, lilt,
a gain of $7713 Or 28 per cent. For ths
four months of the fiscal year the
earnings aggregate $79,712. as against
$64, Lai front July to October inclusive,
of 1914, a gain of $15,231 or 19 par
cent. Freight earnings for this road
record a gain for October of $i39, over
the corresponding month of 1914 and
passenger earnings an increase of
$1641 by the same comparison. Tor
the four months of the fiscal year,
compared with the previous fiscal year,
there is shown a gain of $13,17,1 la
freight earnings, or over St per cent,
and $ls3a In freight earnings, a gain
of nearly 9 per otnt.
O-W. B sT. October Earnings
Evidence of Improved conditions'
along the line of the Oregon-Washington
Railroad i Navigation company
are shown In an Increase both In
freight and pasegtr earnings nor
October. The total earnings were $!.
691,600, as compared with $1,541,927,
for October. 114, a gain of $147,((S.
The earnings for the four months of
the present fiscal year were $6,154,
416, which Is a gain of $70,391. The
gain in freight earnings for October
totaled $19.701, and in passenger earn
ings $578.'. Tiie decreases were la
other departments. The Oregon Short
Line, the connecting line of the
O-W. R. & N.,: also operated by the
Union Pacific railroad, hows a total
gain In October earnings of I424.17T,
nnd for the fiscal year of $74L44
The Increase jn freight revenue for
October was $454, f2. A loss Is re
ported in passenger revenue for Octo
ber of $17,960,
OPTIMISM
NEW YORK
the country. It per cent abeva those)
Of the same period last year.
Cnrlstsaas Bonuses Keetored.
Old time Christmas bonuses are th
rule In the princely offices that crowds
the skyscraper district below city hal
Two weeks' extra salary as a tokea
of good wishes from the loss" Is
common and some stock exchange
firms will recognise the strenuous .
days and nights when their employes
slept at times on cots in the offtee)
by paying a half year' com penes tlosr
In a lump.
Even the flgurlnr father without a
certificate of war stock, without even
$100 wherewith to speculate, living
from hand to mouth in the good-old-fashioned
American manner, reaJisJaf
the full meaning of the Yankee cus
tom of spending the savings of a
quarter of a year each Deaembar on
useless giving is inclined to SDXllS
as he opens the worn old wallet.
For the spirit of optimism Is aera.
A reaction from the forebodings sf
last winter has come.
' ' "
Just Heard tli e News.
Liverpool, Dec. 25. John Eaton, Baf
fin Bay, 'ho heard about ths war la
September arrived here after a 14,0
mile trip and enlisted In the Scottish
Horse.
To prevent rubber fire hose cracking
while dry an inventor has patented a
reel that keeps It filled with com
pressed air.
Overbeck
& Co oke Co.
Stock, Bonds
Cotton, Grain, Etc
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trade
Correipondents of Logan at Byraa -Chicago.
New York,
I1S-S17 Beard at Trad Bwlldtac
i I - . i.--