4' . -
THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, . JUNE 11, 1916:
0
CROP CONDITIONS AFFECTING PRICE OF WHEATS
by
Cohe n
finance; industry
AND TRADE REVIEWED
V
HIGHER PRICES BUT
NOMINAL
MARKET S
SHOWN FOR CEREALS
Quotations If ere Are Advanced for
the Week but Business Is Lini
itel Freight Itate to Count
Much In Price Making.
Ulgier prices were generally forced
for wheat in- the i'ortlund trade dur
ing the wtik, although at the, best the
market was a nominal affulr.
The government report whs of chief
Interest to th: trade during the week.
Knowing. a It did, a very liberal de
crease in the prefect ivi; output as
compared VltH final 101.". figures, there
WfiH much more Inclination anion the
trade to take hold.
While foreign markets have con
tinued depressed, the action of J he
Chicago market was more favorable.
The latter market reflected the crop
damage new, and thla aided the gen
eral American price.
Foreign wheat depression is duo pri
marily to the fact that stocks of wheat
abroad are rather liberal, and with the
reported huge carry over by exporting
countries, Kuropean Interests ato still
hopeful that the prices can he kept
down.
On the other hand, the much weaker
feeling in freight la a factor of much
Importance to the trade, and to the
price' of tho cereal. The price of
freights to Kuropc Is destined to hava
much Influence upon market condi
tions dnrlnir the coming weeks; in fact.
thla influence la expected to bo much
more marked than during lust season.
I LOUR .Selling price: la'ent. $.'. 00; Wil
lamette valley. $4.50: I"'- '
4 0; baker' local, $1.1141.'.; Montana nprlnR
wheat, 6!0; eiwirtK, M3'a4.5"; whole
wheat. $H 16; graham, $5.20; rye flour, $5.15
per barrel. '
HAY Hurlc price- Williimel le vnlly tim
othy, fnnrv. 120; eaUcru On "i" Idaho fun -y
tim'othv, $21'22; uifiilf.i. $2W22.
( I HA I V SACKS- 1010 nollllmil Nn. 1 Cnl
Clltlri, t'te In CHrlMn; l-n mil.. until are higher.
UOl.l.fiP OA'I S -M T.0'1 (1 75 lT hnri'-l.
Mcrcliuiila lilttiune J.ino prices.
WHKAT
Saturday Ttiurs. Weil
Tiiea.
Mlil
t3
Ml
Moo.
ll'rl. AKk
Rluea4m . . !. tw
I.H IMI
Vnrtvfolil 5 HI H7 K.i
Club S.-i 02 S7 "I
lied rife. . H , Shi H. hi
l. lluaalsn US lo VI M
OATS
Feed 2o.'.0 .'.hip 2T.25 2C.25
HAltl.KY
lead -Hi )0 2Soo 2MHJ
sr.
2500
So
700
MILLSTI r FH
r.run 24.v i7o 2:175
bli'irm ..27(H) 27oo 27oO
Futures were nuot'd:
WHEAT
July l.luestem
July folly fold
Julv i lnti
July red lf
2:i75
2725
2::.v)
700
Hid.
. 9?
. W
. 3
. US
AhU.
KO
9.1
.a
w
1)0
July Uuaaliiu
FKF.l OATS
'fEEU BAKLk'V
' Miu-sTrKra''
Jely
July
July bran .
July ehorta
.2350
20' o
I'.X'O
L'ISO
.'.MOO
.2700
Walla Walla Has
Better Prospects in
The Wheat Fields
Walla Walla, Wash., .tune 1 1. An
other week of warm, summer weather
Iimh done much toward remedying the
unfavorable conditions Unit have pre
vailed in thlis section slm-e winter
l.ioka up, and w'ltal Kroers Keneraliy
are manifest Iniy a more optlmUtlv
feelliiK. tlraln lias made a Rood growth
durlnkt the pasl week, yellow .spott.
have disappeared, and the outlook is
coimiderably better than it was two
weeks apo when cnid, unseasonable
weather' whs prevailing.
As Jiad been feared by farmer In
norue locftlltie, the cold weather pro
duced the veed growth to such an ex
tent that fields heretofore compara
tively free from the posts now am
filled with them, In certain districts,
it la mm Id. the Kfowtiig (train cannot be
KnM because of the density of the
wee"l crop. TIiIh Is t lie rule more kc.i
eially tn' sprlns Mwn wheat, but as
tho weodi have made surli a Rrowth it
is expected tlicv will be out of the
v.ny before harvest inn operations be
uin iMiistard. as usual, Is the leader
and' tiie' cause of most complaints.
No rain has fallen for the"-piMt week,
hut in epite of this fact, the ground
eenna to be well moistened, and tho
Brain In not in .mmediale need of fur
ther wacipitation.
American Cosh Wheat.
Minneapolis Cnsh, No. 1,
ls c.isn, rso. i, nam,
ft;No. l.northem. ll.lU-
$1.16Xavl.r
r i ia a. 'n 2. northern. 1 1.0b (('
1 US,; TS'o. 3, northern, jlOl'SW
3 07,; No. ... hard. $1 04 01.06
Duluth Cash No. 1, hard, 1.12i;
No. 1, northern, $1.11V; No. 2, north
ern, 1.06Vi H 1.0'J1 : No. 3, .39'46
1 0i.';; No. 2. hard Montana Jl.050
1.0A.
Winnipeg Cash No. 1, northern.
ILin-H; No. 2, northern, $1.10, No. y,
northern. $1.05 Vi.
New York Cotton Market.
Opto.
,. 1.11S
,. 1X
.. ;"4:t
.. 1277
.. i2ft
.. llO
.. 106
High. Low. Cl"e.
1 .24 1T20
t.'tfi l:t:tO t'l
i:i;.o i:;;t i:m."i
!2ss !.-i7;t r.":i
i u t r.t'i i2!M
VMM) 1 2W 1 2117
I.".i7 loUO i:;u
January .
M.rcb . .
Way
July
August .
O. lober .
liu'ceiiiber
foreign Wheat Markets.
Ilverrool Cash wheat unchanged
London Cargoes on passage Hd t:
8d lower.
Buenos Ay res Wheat a lower.
TRANSPORTATION
pnW0AEE51tliI!fj
s. hostum racirio
S3. GREAT BOKTKXXV
Portland $20.00)
to and
San Francisco $17.50)
ruurr
CLASS
XXTBA8
Tourist. SIS and tia.BO;' 3rd class, $8.
. S32 Bound Trip from June 10.
MEALS AND BERTH INCLUDED
Steamer Express (Dining Carl
9U30 A. M.
TTJZaDAT. TmUJtBDAT. IATUJUJAT
Ballings 1030 A. M. same day a front
San Prancisco for Portland.
THJtOUaa SIiXEPXlfQ CARS
Between riavel ana Seattle and Van
couver. X. o.
TICKET OTPXCE. 5TK AJTD ETAS. P.
348 Wash., 3rd ana Morr loo lrL
Pbones Broadway MO. A-fc71.
Alaska
Ketchikan. Wrangell,
Petersburg. Juneau,
Douglas. H aines,
Bkaaway, Noma and
6t taichael
California
Tla Seattle or Van rranelsco to Los
Angeles ana Ban uiego.
Dug,' eummodloua passenger steamers, saw
rates. Including berth sod meala
Full particulars apply or telephone
Tioket Office Ba Waahlngten St.
.. -Main 239. Boas, Aaasa,
POLITICS
HOLD NG
ST
VERY TIGHT GRASP
"evr York Trading for Day Is Un
der Influent- of Convention
Mutual Selection Would Have
Aided Trade vSteel Coming Rack
New York, June 10. -(I. N. S.)
Politics dominated sentiment and the
market broadened under the leader
ship of Steel, at the opening of the
stock exrhango today. Both factors
were construed aa very important to
the bulls. insiders predicted that a
inutiuil selection at Chicago by the
two parties through the peace confer
enc-H would incite an increased feellnir
of optimism in Wall street and ulti
mately reflect Itself In the market.
Jt waa very uppaicnt that Hteel is
coming hack to it old form and few
win deny its Dolential powers aa a
stabilizer.
Thu rails were less active and softer,
with Keadlntr. the trade leader, around
10.1. i, to H higher during the first
hou.r. Th entire market opened geii
erallv firm, but eased off in the first
seksioti to fairly heavy selling for a
week end
Xocomotlvo Issues were up at first,
but readily reflected the reaction.
Studebaker continued in popular de
mand, but failed to hold as well as in
the pas. few days.
Toward the cloue of the session, with
favorable political titA-3 from t'hlcaKo,
the list hai a tendency to stlrren, bur
at that there was considerable profit
taking. First hour sales amounted to
1 0!,0JO shares. Tho market closed
firm.
!tanc;e of New York prices furnished
by Overbed; Cooke Co.. 216-217
Hoanl of Trude building:
llMVit'ljll
I leu , 1 1 igu liw i '1
Alaakd OimiI
AIIU Cliuliuera, r
An.erlcHii llei'i Sugar.
Atm-ru-Mii Caii c
An erliau I au, pf . . . .
Auierlian Car, 'ily., c.
Atuerli uii (ul. Oil, c. .
Aoivrleau 1a)iii., c...
I ---Ni "Hi 'Uy,
2t i 'J7 I M 2i
. MVa, s-iW I s:i',
I 67'Mi &7'h 5llVi,
,111 1111 i 1 1 1 V a , 1 1 0 'Tt
, i lil til UC'l-i:
. 1 i Wis
I 74Vt 74i: 7al'l 7J'
. I(i-U, UM 1)7, MVu
Aaierii-au Muiebcr,
Aiuvrliati
Sui.'ller, r'f.li:i
n;i
AD.i-rii'au Migur, c. . .
Am. 'IVI. & i.l
AmeriiMii VV'Miliu, c...
Aiiniutla Mining- Cu.
Att-hiwm,
lialilwiu lHr, e
Ualllinurc Jt Olili, c. . .
iVvtliieUeai .Stt-el, c...
t'ullf. tvirnleuiu, c . .
Calif. IVti i.H'Uin, pf.
c:anaillau purine
Centi-til leather, ....
tliiauiieuke at Ublu...
Chi. A U. W., c
Cbl. a U. VS ., if
Ltd., M. jt (it. V
Cla. & N. VV e
i lilnu Copper
Co'uradu t . 1., C- .
Cuiiaul. (-.aa
iiiru 1'roduita, v
Cur a I'nxluiUi, pfd...
Cruiihlo Hteui, c
Lrucltilo bieei, pfd...
1. o. H. 0..c
1). .V It U., pfl
I'lrillllnl'
tile, c
Urle. first ptd
' f'tteral Lleeir li; . . .
( rtMH I a I M'.I'H ....
0. Kjdilch Rubber
Ui. .Nor. via lunda...
Ut. Ni.i-., pfil
Orm'iie Can
be .Securities
luliR.la (Jeiiual .....
liidualrlul Aluuliul ..
liispliutiua
ltuut'b..ru, c
Kail. :. Sou Ui. e
1. Mi kii w uiiua Steel , .
l.clillili Valley
I.inilv. & Nihv
Wi-xlran li't"'vlf UlU ..
HI
lUl'i HI
ilit
I illb-v
SI ; S4 ; !4
0tlUliiJ,luH l
.1 1)1
111
DOS I
-mi
.--I 47 4
17li',177',n(i'4,177',
50 i T4 W . o4
.1 1 l la i:t
.( :ts tei 7T,, 87
. , 101 101 i loo iluyi,
. I
. MT, Kti M'Ui MH
. I 44; 44, 4osi
I I i ilith-'J,
. li 1ST, i IS',; It)
1 I I 1 t)5
. ; suv. i 7'ai S6 i St)
-I I I H7
I I !
, Z7 vi 2VV.I 27V.I ZV
I 7vi f'!nl ! 4
, m au', jo so
6o WVtl u4i f-'.H
I 171b
i i i :-75
, 7 7SWl 771).!
.! H7 o I ht arval a7'.j
. 1 122 kg 1 1 22 1 14 -j, , 121 -4
. 47 47 4'jl 4H.-j
I I I I
.;io ios iius 1 107
.,!)',.! ltist lbd iioo
. I 4(1 40 4.tTi 45'
I l04l ls4l I''! ISVb
. j 20V 2tiWi iaJi 20v
I Vl'.al 710s, Tlisl 'TV.
, 8u')i! hj, Ki tS
.,13a ji;ia ii:i:t !ia:t:'
. low Mi , Ks i 1 i ; H7 .H
. a&v.l niVai 2.'si a.'.Si
( ; I i '-v
. ;t, SJOfci 63?
i r,; av,j r.
.1 IS ISVfcl is I IS
I !!; oi i4 01
I 1 11 lait i;i loii',
Ulninl Coppi'S
Jveiiii. Uiiiipeif .......
Mtitul I'ui lib
Neala Ciinalliuited .
New Haveii i
N. Y. Air nrnke
N. Y. Cciitful
N. V., Out West.
Nirf. a Welt., coui.
Not tliern i'aciric . . .
Pa. irii. Mail
l'i'iiuijl. ltallway ..
pit 10 lb:ic)tl'.
2Kat! 2N 2S
. 1 1.1.-. liar.
l.'l
iia4Vt
1'
;
;ioi Vj
. 2.;4
,iti
I 4N'i
i MOV,
, 22',.
.ISV.illov.
.1 24 I 25
. r.si 5s
I 2!) i 2'J
.lii'Mlitioa
. i 4U j 4U
.1..... .....
115
21
ro
I'eoDled OaM
I'ittaburic CAial, eom.
tlu lltll,
l'li KM-il Stel Car, c.
du pbl. P
Itny t'cua. Copper.
22 ',4
lUiluay Slr.'l SurlnKai 47 l 4i Wi 4(jui 4U
KlUlllllli. N'UIIIBIOU
. . ;iu4 io4Hi tM'k iioi
UvndiiiM, 'in ptd. . , .
tin 2U
Ibiuili. Iron i S.,
J.. pfd
KiH-k Inland
NliultucH
s.-ui a. Xtob. At Co. . ,
4
I 1 I 7
1 4K 14 ; 4MU 47'4l 47".
Illl'.j, i il il'j
I 2) I 20'nl 2) I 2)
I oiu, an,,
i , I ,!'
H.i ,143 1 142 142
I I i I'-'-i
btuilebaker, ckio
du pld
Hli.a Sheffield
South. Pacitie
noli tli, Hy., cum...
do pfd. .
Ti'nneai'6 Copper. .
Tiiaa Oil
Texa Pacific
Third Avenue
I moll f acltlc, c. .
lalou Pacific, pfd.
V. rf. Kubber, c. . . .
C. S. Kubber, pfd.
I.-. H. Steel Co.. c.
W UUI UH, bbT
23-,. I 2:i 230xi
tin iui ,. 1, a 1
. I Ml tit 'mi till I tit
. 4.1 43 ; 4o SI 4 1
MlU2VallW lb2ilW2',
.1 I 11'
. VjI WVal WVki 0-,a
. I 82'), 1 S2'
.1 B I 60 I 6f04l 55
-ll'iu louviiliaj jioui,
.1 8UU SO'., SO',
f. . Steel Co., pfd.
1170ill 11170. 117V
I tab Copper .
1 82Vi t34l 82, 02
Virginia Clieni., c.
West. I 'n Ion Telt. .
ealliiphouae Klec.
Wlaeoualn Central .
Vlix.l worth ........
Cluur Mf.
I 110,1 I 1
I l44i 94V.I 04 I 94
3 1 02Vi tSl-, 1
I I I I 420.
: 1 1 137
I . . . . i 1 a
Tulul aalcb 1HN 400 .hare..
Trend of Wool Is
Higher in Boston
Market for Week
Boston, June 10. The trend of wool
prices Is still upward for the effect of
the recent imposition of an embargo on
the exportation of wool from Australia
has been to further strengthen the
price views of the American sheep
raisers.
The British war department has or
dered a census of wool supplies to be
taken with an Idea of finding out just
l.ow Knglatid and her allies are fixed
in the matter oi supplies ol raw ma
terial. This action gives rise to hopes that
the embargo on the exportation of Aus
tralian wools will be of short duration.
A iuoiI deal of speculative activity
has been observed in foreign scoured
wool with prices rising. Sales of fome
ot the best or these wools have been
made as hiiih as fc2 cents fo 83 cents.
Huston receipts were 4,724,612 pounds
domestic wool and 8,438,959 pounds of
foreign.
Cherry Crop Reduced.
Hmd River. Or., June 10. The Hood River
vallev cherry crop bas been greatly redui'ed
during the pant week on account of a heavy
drop in the cherries that were one-half ma
tured and were beginning to tike on color.
It Is stated by the growers that the drou Is
due to the cold rain In the early part of
the s.sson thu; devitalized the fruit to the
extent that it could not recover and respond
as the season advanced. The crop estimate
of the valley originally made was approxi
mately 15 carloads of Rings. Black Repub
lican, and Lamberts and 50 tons of Royal
Anns. Wllmer Sleg, sales manager ot the
Apple Growers' association, states that this
SttUmaU will probably be reduced ooe-balf.
Vale Orchards Unharmed.
Although orchards throughout East
ern Oregon were generally damaged
by the Way frosts, a large part of the
apple and pear trees in Malheur coun
ty were, not harmed, it has been as
certained. .-
OCK
MARKET
CITY MAN MAKES
By HjTnan H. Cohen.
Can the city man make good on the
farm, and what art his chinces? An
swers to both of these questions ars
made in the affirmative by one who
lias made good and "beat the born
countrymen to it when it came to se
curing profits.
Frank K Shull. a credit man and
head of the sales force or a leading
flouring mill concern of the Pacific
northwest, is the man who has shown
the countryman how to secure profits
from the farm which was otherwise
considered worthless. He has secured
the cooperation in this matter of the
United States government as well as
tho agriculturist of a big railroad sys
tem who operates near the land.
He has taken a sandy stretch of 920
acres of land that has been considered
practically valueless from a producing
point of view, and today has within
sight an Ideal ranch that is making
more money than any of his neighboig
who have been "farming" ail their
iivts.
Nothing Xieft to Chance.
The one great feature displayed
prominently by tho success or Air.
Shull Is that he does nothing by guess.
JSvery thinjr is scientific. If he plants
30 acres of corn he knows exactly, or
rithin a bushel or so, how much ol
the cereal he can produce on that spot.
He knows beforehand exactly wha,t
that torn is going to cost him. The
use to which the cereal will be Dut
has been planned before a single seed
la sown.
The very first thing that the city
farmer did In engaging in the farming
business was to have his entire land
surveyed. Not In the way that the
ordinary surveyor would do it find
the boundaries and extent of the hold
ings, but to see exactly to what use
the ground could be placed and what
would be the probable profits.
The land Is located north of the Co
lumbia river, in Washington, and is
very sandy and subject to blowing.
The first thing that was learned was
to farm the property in strips until
it could be definitely ascertained how
much so!! could be handled. Subdi
vision of the land were then laid out,
hoKtight fences put ;n and hog houses
were built. When the land was pur
chased there was no feed available for
the hogs, therefore sufficient stock
had to be purchased at the start to
feed the few hops first secured.
crops of wheat, barley, rorn, pota
toes and carrots were then planted and
50 brood sows purchased as a begin
ning. The first harvest of the crops went
beyond the expectations of the city
farmer , and in fact old residents were
amazed that anything at all could be
produced. Some of them predicted
that the blowing sands would cause
the farm to be one place today and in
another locality tomorrow.
Keed selection was one of the very
big problems of tli new farmer he
soon discovered to his cost, but not
loo late to remedy matters. (Torn seed
was purchased with the following
tested results:
Germination
Name: per cent.
Pride of North 96.00
Australian White Flint 98.00
King Phllllo L. V. B. . t 91.00
Yellow Flint U V. B 86.00
Teaming, U V. B 67.00
Pride of North L. V.B ff7.00
WUds Bangs of Germination.
It was found that the same varieties
purchased at various places showed a
wide range of germination. For in
stance, the Pride of the North seed
secured at one place tested but 67 per
cent, while that bought at another
place went 98 per cent. The price paid
at both places was almost the same.
The following plan of feed was
Adapted:
Iiolled wheat 2 lbs.
Ilran 1 lb.
Shorts , 1 lb.
Cut alfalfa hay 2 lba.
In feeding the following methods
were employed, and proved highly sue-
ccssrui: Tiie- mixture was put into a
a UfcMit hox and mixed thoroughly. All
the water the hay could absorb Was
added, after which the mixture was
allowed to stand for 12 hours. Feed
ing was twice a day with enough- to
keep the sows In proper condition
This was about 2 pounds per day for
oaj h I'm pounds of llveweight. Tnis
iced was continued from October 1 to
March 1. While suckling the pigs the
mixture was continued, but the feed
ing was lighter Just after the sow had
furrowed, so that the flow of milk
CROPS AND MARKETS OF PACIFIC NORTHWEST
TKAM WORK AT IJ3WISTOX
Orchards Association of Idaho City
to Work Together in Packing.
Economy of labor, through system
atic and cooperative organization for
the promotion of efficient service, is
the keynote of the. policy adopted by
the members of Lewiston Orchards
aswitiuiioii at ine recein couierence
held with the board of directors of the
asKociation. when nlans were outlined
looking to such end.
It was unanimously agreed that the
prnU'uru . ; l . I nr, ,1 u i-,, . . , ...
groups of four each who would unite
in the harvesting of apples on one
tract, delivering the fruit of that tract
on the same day at the packing houso
where a force of packers would give
that delivery special attention, afford
ing it full credit for the several
rade packed, something that has
been impossible under the method
usually followed where many indi
vidual deliveries of small amounts
are made on the same day and packer1
by the general force.
KHKEP SHEARING IS XOW ON
R. N. Stanfield has just completed
the shearing of 1 2,376 sheep at Hunt
ington. This clip amounts approxi
mately tn lOo.OOii pounds. This to
gether with sheep on the Snake and
around Juntura will comprise a clip
from about 4 5.000 sheep. These clips
have already been sold at a contract
price of from 21 cents to 26 cents per
pound, delivery to be made at the Bos
ton markets.
Mr. Stanfield also disposed of and
delivered to the Hn Francisco mar
ket "ii.OOO sheep, these shipments to
occur between now and August. 1, all
to be consigned to Miller & Lux and
the Western Meat company at San
Krancisco. His first shipment went
out this weex. consisting or 4000 sheep
11 CMrloads. which are consigned to the
Chicago market.
Lakeview Wool Sales.
K. If. ("lark, representing the Boston
wool firm of Kisemnnn Bros , June 1
purchased about 23,000 fleeces of
wool. The price paid was 23 cents.
The parties from whom the wool was
purchased are Fitzgerald O'Keeffe, 1
O Keeffe Bros.. S. K. Hllderbrand, J.
W. and Henry O'Keefe.. Jules Jassaud.
and J. P. Egan. This is the highest
price that has been paid for fine wool
in tins country lor a quarter of a
cen-
tury.
Clam Cannery Operating.
With the recent change In the tide
the Seaside clam cannerv has been
operating on an extensive basis.
Sheep for Chicago.
Seventeen rarlnada r f BVin nn. nf
! the largest shipments of the season.
were shipped to -Chicago the first of
me weeic ny Harry Bartholomew,
Stanfield, says the Stanfield Standard.
Merchants and Producers:
Ship to us. We guarantee. For Hogs.
No. 1. 10c lb.: Veal. No. 1. 10c lb.;
Hens. 14 15c lb.; Springs, 15c to ISc
lb.; Butter. 20c lb.; Eggs, fresh, case
count. 21c dos. No commission deduct
ed. Checks mailed daily. Reference
First National Bank.
TUB SATTJTAS CO-,
807-SOt Stark ars, , phone Marshall 887.
GOOD ON THE FARM
r'fr iW -Z&rtFk f ' ht
Picture on the top is of a Doroc Jersey boar. The lower picture shows
V-shaped cots on the farm of a city man who believed in treat
ing his svvino right.
was not too heavy. As soon as the
pise were big enough to take all of the
cows' milk, the former were fed two
Pounds per day for each 100 pounds of
weight. Gradually equal parts of bran,
ehorts and rolled wheat were added
until the ration for each aow was in
creased a half pound a day for each
pig in her litter. In this way a 200
pound sow, having a litter of six pigs
received a ration of seven pounds of
feed.
Such scientific methods and socalled
tommyrot created real amusement
among the native farmers, but the city
man stuck" by his method, and the
repult was a display of a brood of the
healthiest pigs ever seen in the north
west. Pat on Oraln Pasture.
From the time of weaning of the
spring litter to the farrowing of the
fall litter, lay 1 to September 1, the
sews were put on grain pasture, win
ter wheat and rye, and the ration feed
continued while the pigs were suck
ling until the sow was bred. The
heavy ration made her aain consider
ably, and put her in proper condition
for breeding as soon as possioie. Alter
hrAAitlnF thi. stow were tfA one nound
of rolled wheat per day in addition to
the pasture. The sole aim of tht
method was to keep the sows in good
condition, but avoiding the allowing of
the animals to get too rat.
In feeding tk March litter they
were allowed a little dry gram (equal
tarta of rolled wheat, bran or shorts)
in a shallow trough, as soon as they
were able to eat it. Every pig waa
nwide to eat the feed up clean, and it
was not allowed to sour by accumulat-
Hncr in th tioushs. Tho feed was graa
imllv increased until they were reoeiv-
fctnir about half a pound per aa.y at
weamne time.
One of the best methods utilized was
to keep each sow and her pigs separate
from the others until the latter were
Weak Cables of
Morning Bring a
Low Wheat Mart
Chicago, June 10. A lot of week end
,, ..jh .,... , via
liquidation followed the receipt of the
' ea.i lv morning catnles. which showed ex
! treme weakness as compared with our
1,. v..t.nt.v K.-attred
. m
rains are predicted over the greater
, part of the grain belt. NO wneat was Th j,ome county woo, pooj that iq
reported sold for export, though Indl-j being formed by the stock reisers of
' cations point to moderate sales. Min- this Dart of the state is rapidly tak
m . .'ine form and will contain in the
i neapolls advised of an active demand j Neighborhood of 70.000 pounds of wool
for good milling grades at half cent when ready for sale. The late cold
K.tt nreminmu and that country weather has retarded shearing at
; better premiums, ana mat country leagt two weeklj accordin? to jforitet
shipments are increasing. John lnglis Master C. J. Kurd, who is in direct
reports condition through southern and charge of the pool. The wool has onlv
i southwestern counties of Nebraska! of late commenced coming in regu
! very promising and In some sections, J larly.
it Is better than last year and 10 days; "
earlier. Strawberry Season Closing,
i On the whole the general news was Thlf) wepk th Kennewlek. Wash.,
bearish and during the last naif hour t strawberry season will be practically
of the session an immense amount of over antj a nftW record In the market
wheat was put on the market by com- infr Qf the Kennewlek-Rlehland straw
tnlssion houses. This. In the absence berries will have been established a
of support, caused a radical decline record which it Is believed has for
that finally resulted tn a loss of about ' ever banished the open consignment
3c from yesterday's closing prices. j and home competition and which
Rearlsh sentiment again asserted it-1 means permanency for the method of
self In the corn market and notwith-! marketing the berries under one con
, standing the forecast for showers over1 trol.
. . V. .. . 4 - 1 1 1 1 tViA - at r I nna fttsnlavpH I l
yesterday was in evidence almost.
thrnnirhAill Ilia anHm BBfitfin tnflilV.
civ..r enndttinn. slitrhtlv more'
favorable, as temperatures were some
what higher, and rainfall more mod
TVose Che" had amicipated gen -
erate.
eral crop complaints oasea on me r -
cent excessive moisture
nave oeen ais-
j appointed, as damage reports have;
been few and diversified. Receipts;
were a little better than the Past few The Oregon Canning company at
days at 447,000 bushels. The Chicago) Vancouver will begin the season's
oats market was 1c to "c lower, and . work on strawberries the coming
a further decline late in the session week. Expectations of th manage
was augmented by a falling off lament are for a short season.
premium 011 -1 1 r- . u . a (eiwi, . .
would Indicate that the Improved de
mand, which has beenitne main sua-
I tainlng actor, was only temporary.
and has now been satisfied
Products fluctuated within a nar
row range of values and closed with,
out feature Conservative Interests
are arrayed on the constructive side
of ribe.
Range of Chicago prices furnished by Over-
tck It Cooks Co., 216-217 Board of Trade
bulldlng.
WHKAT
Hlrh.
10714
Iosh
110
CORN
72
70S
1S
OATS
40
3Si
40
PORK
2180
2135
LARD
1247
1260
BIBS
124T
1257
Open.
July 107 H
Sept. IOS14
Dec 110
July 71
jtpt 70S
Dec 01
July 39
Sept. 3s
Dec eofi
Julv 2180
Sept. 2132
July 1247
Sept. 1200
July ,..1245
Sept. ,....1252.
-' .... i
Lew.
1044
ioe
ios4
70
391
nose.
iooh
108
71 B
70
b
asA
39
2167
2187
2123
1245
2120
1242
1253
1243 '.
1247
1258
1260
"l
AND TELLS WHY
S - tefrff .1
weaned, which was about when they
were 8 weeks old. At that time they
weighed about 30 pounds each. Then
tliesplgs were placed onto grain pas
ture and their grain ration increased
(equal prtTts by weight of roiled wheat,
bran and shorts! until they received
a half pound of feed for every 25
pounds of weight. This ration was
continued until the wheat was ready
to hog-off. Then gradually the change
was made from pasture to standing
grain by cutting wheat when it
reached a stiff dough stage and feed
ing it to the hogs in the pasture. At
the same time the hogs began to get
a -taste of cooked food. Gradually po
tatoes, either cooked of raw, "were sub
stituted for the raw ration.
Pigs Begin to Thrive.
The effect of this rat-Ion was like
magic and the little pigs began to
thrive beyond every expectation. When
they had become accustomed to the
new ration they wereV turned into the
standing wheat. Potatoes were dug
each day, and each 100 pounds of pig
received five pounds of tnis 1,'eed. Only
the poorer potatoes, or thosk left for
the general market were used.
As the hogged-off wheat began to
get scarce, some early sweet corn waa
cut and fed for tbout two we?ks. Then
In about two weeks the pigs were
turned into the flint corn. ; About
three weeks was the duration of this
feed, and a gain of one pound was
made in the pig for every four pounds
of corn eaten. When they reached
225 pounds each about five pounds of
corn was needed to force a gfJh of one
pound in weight.
When this stage was reached the
animals were sent to the stcic yards
market and received the highest price
secured for hogs from that section,
andfefully demonstrating that the city
niajP-was a full success on the farm
when he utilized business methods
that the average farmer scoffs at.
SHEEP SAL.ES VERY LIBERAL
Within a Few Days $50,000 Worth
Sold In Vicinity of Baker.
Baker sheepmen have recently con
tracted for fall delivery of aver 7000
head of uheep in Baker and Grant
counties. David Lee tf Baker has
contracted for 3500 head from Wro
Widman. James Murphy, 1300 from
the isels-Ashford ranch and J. B. Ad
rian of Halfway, i300 from Mrs.
Lillian McRae of John Day. The
total investment in these three deals
j will be approximately $0,000.
Wool Growers Pool.
Shearing at Lakeview.
shearing corrals arSlind
All shearing corrals arSlind Lake
View opened for business thi.s week.
Very few of the sheerfrnen are shear-
! f t present time, but the next
1 3 y
i n v n i ino n 11 1 o v c; nig, J iai i f vi ci i
-
Will Can Strawberries.
Stanfield Sells Sheep.
R. N. Stanfield of Stanfield shipped
20 carloads of sheep to TJnlon last
week. Jack Kenney aesompanled
them.
PORTLAND
DAIRY EXCHANGE
Trading was light again today, though ef-
feiings were fair. A feature of the proceed-
lnga of Interest to members was the adoption
of a motkm that the call be made promptly at
11:30, not waiting for the tardy ones, fcales
were:
DAIRY BUTTER
GO lbs. sold at 22r.
EGGS '
50 cases enrrent receipts, rota and cracks
out. sold at 22c.
10 cases current receipts, 22e. ,
50 cases enrrent receipts, rot and cracks
out, sold at 22e.
CHEESE
23 drums New York cbedder sold at 2IV.C.
POCXTRY .
1 coop corks sold st 10c lb.
2 coops bens, 3 lbs and up, aVld at 23 lie.
1 coop turkeya, 1 male, 3 females, sold at
16c
New York-London Silver,
New Tors, June 10, Bar silver,
63 14 c ii
; London JuMJjjy
SWINE MARKET
HAS
A
DEPRESSED TONE
IN LOCAL
Liberal Marketing Brings Further
Cutting of Quotations and Simi
lar Conditions Shown Elsewhere
Cattle Run Has Effect.
PORTLAND LIVESTOCK RUN
TRADING
Hogs Cattle Calves Sheep
This week ..7961 1356 10.1 4132
Last week ..7340 1102 82 443
Previous wk. 54(0 15S3 176 884
Month ago . .6137 ' 970 46 2259
Year ago ...4736 613 232 4581
3 vears ago. 3317 1497 35 8967
3 years ago. 3032 1676 14 619
There was a badly depressed tone In
the hog market at North Portland for
the week with a very liberal run. In
fact the depression in swine values
was general all over the United States
for the same period.
With practically no purchases of
provisions reported recently by Kuro
pean Interests at eastern centers and
with a big run of hogs In sight, the
market has dragged wearily all week.
Locally the trad has been sick.
Buyers were extremely bearish in their
price ideas and white at times shippers
held back their offerings for more
money, they ether had to sell or take
the stuff home. Of course the latter
was practically impossible.
Choice lljrht weights
IJood light welfhta
Medium n eight.
Hough and heavy
.$S.30lV2fi
. M. 1 i.fct S. 1
. S.(KflS.O?l
. 7.5048.00
Cattle Market Is Lower.
With record breaking supplies of
Mexican cattle fed in California, offer
ings in the local yards during the week
and with much heavier supplies ex
pected during the coming ix days,
considerable depression was shown In
the trade generally at North Portland.
Aside from the southern offerings
there was little stock available in the
cattle division during thu week.
C.ueral rattle murkel rang.
Oiolee graa aleera
Ordinary to ecmujou iteert....
Choice row,
Ordinary to common cow a
Choice belfera
Ordinary brliera
Choice bulla
Good to fair bulla
Ordinary to common bulla....
Beat light calves
Quod calves . .
.$X.2.Vrl.M
. 0.00(37.00
7.SR
. 7.00(3 7 2S
T 5
' toot!
. O.&"rfl'.00
. 4.0OfS.0O
. 2.00U2 71
.ai
. T.00&7 50
Mutton Trade Xlffner.
With dlsannolnting runs of sheep
and lambs at North Portland for the
week, the local market was not only
strong, but In some instances sales of
lambs were made at a higher price.
Demand for mutton and lambs was
at all times during the week somewhat
better than offerings and this neia
prices aloft.
Ueueral sborn mutton sna lamo rang:
Select spring lambs 10 00(30.23
Beat yearlings TJ30'dt7.75
Oood to common wethers .7ofit7.O0
Beat ewes 5 80
Oood to common ewe S.003.M)
JOBBING PRICES OP PORTLAND
These prlro axe those at which wholeaalerf
sell to retailers, except as otherwise stated:
Dairy rreduce.
BUTTER Prints, extrsa. He; prime, firsts,
27c; firsts. 28Vic: dairy, 21M21M,c.
BUTTKRFAT Portland delivery Ne. 1 sour
cream. 27o; No. 2, 26c.
KUOH Selling price by dealers unsettled,
delivery extra: Selectod freuli, 24c: case count
buying price, Oregon ranch, 22lVuac.
f.IVK POULTRY Hena. heavy. Plymouth
Rock, 14'-ji; ordinary i-hlckem. He per lb.;
tg. 12c; brotlerii, nfrj2oi -. turkeys. 1S4J21C;
dressed, fancy. 2tiit27c; cull. 17lr2)c; pig
eons, $1 OO'S 1.2.': nab. $1 20 dozen; geefe,
live. 10allc: JVkln ducka. old. 10c 11. ; young
aJid heavy. 17c; Indinn IlunrHT. 14c lb.
t'HEESB Helling price: Freal. Oregon fancy
full cream twins and lripli;la, 1 Ill 'i:
Young America. 17(ali'ji. Price to Jol.beia:
KlatR. lTur; Yining Americcn. Tic. f. o. I).;
cream brick. I22e; Llmherirer. 2:io; Wiaconatn
wheel, 34 4i3Hc: block t!wiB. KOc.
Truits and Tegstables,
t'KKSH FRl 1TH Orungcs, fancy navel,
f2..V)Cn3.2f; ValeiirlRs. $.').. '.0 box; l.iuuitnoj. 5e
It..; lemona. $3.ikkh4.Z5 box; grapefruit. Fie
lds. S4..Vi(a."i.25; caae, pineapple, 5'He lb.;
penra. ..'.Offi 2.10; rantaloupea, $3.003.75
crate; watermelons, 2jf lb.
RKRR1KS JStra wherries, Oregon. $1.20ji
1.7n: gooseberries, IfuSc 11..
APPLES -IjjcsI. 50c$1.50 iHr box. accord
ing to )ualpy.
ONIONS No. 1, K75 per rental; No. 2.
1.2'.1.50; garlic, 12'jc; new onions, 1.75a
2.00 crate.
POTATO KS Selling price: L.cal. tlJ0(ft
1.7o: btt'lng price, 1.254il.J0 per ceutal; uew
Chllfornla. lb.
VEGETABLES Turnips, 40c dnxon tmnchea;
carrot. 4c: parsnips. 4'c dosen bunches: cal.
ban... $:;.0o imt cwt.: reen oiiktria. 2."c dozen
l.unche: ncimrs. Florida, 2.V dosen : bead let
tuce, California, g2.0 per crate; celery, t lor.
idu. $3.,V: rsnliflow er, local, ( ) per doaen;
Krencb artlcbokea. 75c: asparaEiis, local. Sl.oo i
ifil.K dozen bunches; botljount? cucuiiilK-ra,
".V'ftfJt.oO per doten; tomatoes, California,
$1 .404tl.M box: egg r;ant, 12'c; string benns,
Kc lb.; spliiaen, jl.iaj .er box; rhubarb, W'Ct
2c per lb.; pi-aa, 10c lb.
Meats. Fish and Provisions.
DRES8EI MEATS Helling prli-e: Connrry
killed fancy bogs, lOc; poor, &JtC; fancy
veals, 10..j'illc; ordinary, HlOe; goatR, ilrd)
5c lb.; spring lambs, ,17c lb.; mutton, 10c lb.
HAMS, BACON, KT.C Hams, 18ii22VaC ib.:
hreakfaat bacon. 17!M)c lb.: bollod bnuia, SOc
lb.; picnic. 13c; cottuge roll, UVic; Oregon
exports. ISCtl'i'jc ir lb.
OYSTERS Olympia. ir gallon, 3; canned
eaatern, r..V can, SB 5e dozen; eastern in ahell,
iM pur 100; raju.r claina, dintan; east
ern oj-atcrs, per gallon, olid pack, t'J.
F1HH Orexsed flounders. 7c; Chinook sal
mon, llylic; perch. 7iae lb.; lobsters, 25c;
sltver smelt. Kc; imIiwhi trout, 12c lb.; halt,
but. 10tl2c; torn cil, 7c; black hxs. 71-jc lb.;
r.liad, dressed, 34c : sttirgenn, ISc.
CKA11.S Large, 1."0: medium. 11.26 dnz.-n.
LARD Tlcr.ca, kettle rendered, HVjc;
standard, 14c.
Grocer tea.
SUGAR Cu1, H.2i, powdered, .UB; fmlt
or berry. $8.43: Iltnelnlu. .40; beet, $.25;
dray grantilal'id. V45; I) yellow. (7.63.
t Above guotationa are ;: tisys net cash.)
HONEY New, M 2S(3.M per esse.
KICK Jiiii style. No. 2, 4tc; New Or
leans, head, 5-i$J"Vi": blue rose. 3WC.
SALT CouriM-. bBlf groiimU. 10O. 1 10.6O per
ton; :m. tU.'M); tabl- liai.y, 50s. Sm.OO; Kaja,
j'...to, oaitf. -.;.; unip nxK, jk per ton.
REANH Small whte, v.2o; large wbrte,
4.lo: pink, 0.2j; liuiaa, $3.75; UMjuU. li.2.'.,
rurt. $0.50.
t Hops, Wool and Hide.
HOPS Nominal, borlti price, 1915 crop,
choice, luVi'uHc; frloiu. 10c; medium to
prime, 7y.c lb.
WOOL NomlLsl. lDttj clip; Willamette val
ley, coarae Cotswold, 3.30e; medium Shrop
shire. j',35r; fine. 30ii:t2c; eastern Oregcu,
l(tt20c.
H1UKS Salted liiiiea (25 pt.unds snd up).
-6c; sailed stags it" lbs. and upi. 12c; sailed
kip (15 lbs. to 25 lbs.), 17c; ml ted cnlf (up
to 15 lba.i. 26i24c. green hides 125 lbs. end
up I, 14 'c; green stags t.'KJ lbs. sod p
lOic; green, klu 1 1. IPs. to 2 lbs .. I ,
green calf (up to 13 lbs.), 2."tig24c; dry flint
tildes, Z9'4K'. nry runt rait .up to 7 lba.i.
.il. ; dry salt bides. -Ate; dry horsehldes. each
Jl2. sail Lorsensdes, eacs. s2.oo413.Hi;
horaenldes, 2Sc; dry king vrool pelts, 20c;
dry short wool pelts, 12c: dry sbecp shear
ttngs. each lU125c: salted sheen shvarllnra
each, 15(25c; try goats, long bslr. ISc; dry
goats, shuurlings. each, 1020c; salted kmg
wool pens, fi -vvii.au.
TALLOW No. 1. r; No. 2, 7c; gresse, 7e.
CHITTIM OB CABCAKA HIKk fiuvliur
prices, per car kU. 4 fee; iese than aa lots.
MOHAIR 1914. 35c Ib.
Faints and Oils.
COAL OIL W.ier white. In drums and iron
l.arreia, i;c.
LINKKED OILt-Rsw. bbla., 87c gallon; ket
tie boiled, .bbla.. (tic; raw. caae. 2c; boUed,
case, v-ic gai. , iou m jou gallons lc leas.
TURPENTINE Tanks. 61c; cases flee gal
Ion.
WHITE LEAD Tea lota. 10ic lb.; 600 lb.
tots. lie; less ka, uv per 10.
GAHOLINE Baals price. lc per galtm.
CIL MEAL Carload kits, S34; less thsn car
tots, Jo.JW.
', When wTiUng er celling on advertisers, o'esse
civnUua The Joorna. (Adv )
Beoession of Prices LookeA Tor-
It is freely stated now that increas
ing high prices of raw materials anl
commodities have reached the point
where they adversely influence pro
duction. As a result, a reactionary
tendeucy toward lower prices bas set
in, with beneficial results all round.
The . reductions thus far have been
shown in raw materials principally,
although a few manufactured pro
ducts have followed suit. Some price
concessions, it is declared, have been
made by manufacturers to stimulate
retail buying. The volume of busi
ness being done by the principal man
ufacturing plants of the country is
said to be still manifest. The high
pressure buying power of the seller
has been relaxed for the time being.
Portland While business in this
territory is still under normal, the
volume is eijual to the earlier months
of the year and is in excess of last
year's at this time. Prospects for the
summer and fall months are encourag
ing, says Dun's Review of June 10.
The crop outlook, on the whole, Is
good, grain prospects having Improved
in this state in the past fortnight. In
spite of the backwardness of the Ben
son
There has been some interference to
coastwise shipping because of the dock
strike general along the whole coast.
On the whole,; labor Is well employed,
with a shortage in some Industrial
lines.
Lumber shipments are held back by
the scarcity of tonnage for export
trade and the tie-tip of coast shipping.
Domestic shipments last month were
12,S13.0S8 fe.-t and 2.764,271 feet were
sunt to Mexico and Australia. The
total compared with 16,106,673 shipped
in May lust year, 68,144,161 feet two
years ago and 47,024,190 feet three
yeurs a bo.
Wheat shipments in May were 408,
666 bushels to Kurope and 226.433
bushels to California.
l.'p to 26 cents has been paid in east
ern Oregon for fine wool and as high
aj 38 cents for coarse grades. W II
lamette valley wools are near the 40
cent mark. About 85 per cent of the
Oiegun clip has been marketed to date
Karly fruits are coming tn slowly
and command high prices. The prune
yield promises to be larger than last
year's, and a record apple crop is ex
pect el.
High water has stopped the) salmon
run In the Columbia river but packers
anticipate a heavy catch in July. Open
ing prices for this season's pack, Just
named are the same as prevailed In
1 11)15. There has been only a slight
gain In new construction In this city.
Building permits Issued in May were
valued at (470.120 as against 1432,065
In May last year.
Portland postofflce receipts in May
were $99,810, the largest for any May
in the history of the office.
All Paoifio Coast Cities Snow Gain
In Bank Clearings. All six of the
prlncljial cities of the Pacific coast
territory show handsome gains in the
tank clearing totals for the week end
ing June 10, 1918, when comparison Is
made with the corresponding week of
last year.
The clearings of the six principal
cities for the week ended June 10, 1916,
compared with the week of June 12.
1916, Is as follows:
June 10. 1116. June 12. 1015. Increase.
Portland . . .lifl,2n,S27 $ S,RO:f,144 $ l,41o,(l:i
H. aide 15.HM.5.T3 11.708,026 8,Rf.7
Tneoma .... 2.275.S3 l.lf.7,27.1 8IS.M3
Spokane .. 4,731.230 8,631,1164 1,10(1, 5s2
Kan Fran. . . 7.57lt,5SO 47,1sfl,Hs2 lO.HOO.lOS
Ixa Angelea 2D, 201, 418 20.434.576 2.7l)'l.ltl!l
The grand total of bank clearings
for all tho chief cities of the United
States for tho week ended June 8, was
$4,592,486,805. compared with $3,088,
24,761, for the corresponding week of
1916, an increase of $1,603,862,064 for
tho latest week.
Minor Changes In Beserve Bank
Statement. Tho statement showing
the condition of the Twelfth district
federal reserve hank for the week
onded June 9 indicates njo changes of
importance as the result; of the opera
tions of the week. The principal Items
in the statement now stand:
Gold In own vaults I B,4lZ,ooo
(rold settlement fund.,
.690,000
Total reserves
Commercial rediscounts...
Hank acceptances
t'nlted Stateis bonds
Municipal warrants
Jetk-ral reserve ndte.s....
Capital paid
16.098,000
416,000
8,697,000
8.609,000
1,986,000
7.S46.000
8,933,000
Fruit Growers May
Change By-Laws to
Take in Hood River
Hood River, Or., June 10. Offlolals
of the Fruit Growers Agency have
signified a willingness to accept the
nroDosed changes to Its by-laws a"
suggested by the Hood River Apple
(irowers association mat. win nwun
the obstacles that have been in the
way of the local association ana navo
prevented Its joining ine agency nero
tofore. A. W. Stone, manager of the
association, said:
"In reply to an urgent request as to
the position of the Apple Growers as
sociation towaru the Fruit Growers
Agency, Incorporated, we haws nareio
fore been unable to consistently give
to the press any definite Information
as to the conference between our asso
ciation, representatives of the Fruit
Growers Agency and the 1 Tnited States
fovernment, held at Hood River on
"rlday and Saturday last. We are.
however, now at liberty to rurnisn you
with this information and we can com
ply with your desires in no better way
than to quote from the correspondence
We quote trom letter or tne Appie
Growers' association to the Fruit
Growers Agency incorporated:
' After considering your oy-iaws
carefully, we have made and enclose
herein a few suggestea cnanges mat
we regard of the most Importance. We
take tills opportunity of assuring you
that in the suggested changes you
have received the experience of our
growers, wnicn nave Deen maae wnn
ih facr in view that we are to become
a part of your organization and have
made these suggested cnanges wun
tiie view of laying the foundation for
a stronger ana more permanent organ
ization and we believe you win rina u
much easier to secure members wltn
these changes than you could other
wise have done.
"'With our organization we have
learned the lesson that a successful
cooperative organization can not suc
ceed by holding its members against
their will, but that the greatest suc
cess comes from so organizing and so
conducting such organisation that the
greatest punishment to members is to
expel them trom your organization.
" 'If there is anv suggesfM chanare
in these by-laws that you think is no-B-j
ifor the nest interests or tne rTui:
Growers Agency and for the best in
terests of the fruit growers of the
northwest, we wish to have you com
municate with us and we will point
out to you wherein we believe such
change will be In the Interest, not onlv
of the agency, but of every district in
the northwest, if sucn la not the case,
then we have been misled by the
many years of experience in this lino
of work, to which we are heir.
"We have concluded that In order to
insure success In this work and be of
benefit to you in assisting you to se
cure enouan tonnaara to warrant ini
we believe that not less than 76 per
tent of the tonnage and 76 per cent
of the eligible active members of the
organisations located in th nrlnelnsl
districts of tne northwest ahauid Join
Deposits,; riet. member banks 23,666,000 -
Government deposits 2,lft6,00e ,
Total resources 29,656,000
Stock Xxchange Talk of Saturday
It Is reported that J. 1. Morgan com
pany hae, within the past two days,
placed loj-ge orders lor copper for the
British government at current prices,
The course of the market Is shown In -
the average of 12 Industrials being
123.36, a. gain of .63 from the previous '
session. nd the average of 20 rails, '
108.80, n 'average of .37 by the same ;
comparison.
Heavy increase In April Xaports. s
The bureau of commerce of the United
States says that the exports for April. -.
1916, totaled $39,000,ooo, compared
with $294,1)00,000 for the same month
ol 1915, a gain of $105,000,000. The
imports for April were $217,000,000,
compared with $260,000,000 for the cor-le.-Srumdlng
period or 1916. Thla show-
lug gives the balance of trade for April
as $1 82,0901,000 or at the rate of $2,184,
000,000 a yar. As a matter of faot the
average has been running higher than ,
this. It i expected that the favorable
balance for the current fiscal year will
reach much higher figures. . -
United States Stssl rig-rues for Star.
The report of the unfilled tonnage of
the L'nlUd States Steel corporation for
May 31, : 1916, shows an increase ot
108,247 tops, compared with the hut
report for the last day of April of this
yt.ar and a gain of 5 Vs million tons over ,
the corresponding dale of 1916. The -new
orders received during the month s
of May did not euuul the tonnage of
the shipments. The figures show the
unfilled tonnage on May SI, 1918, at'
9. 937, 798, Which compares with 9, SIB,- ;. ,
651 for April 30, 9,331,001 for March 81
and 4,64,5118 for May 81, 1815.
Business Failure Beoord raroreble.
The, total failures In the United
SStatcs, a reported by H. O. Dun & Co.,
for the Week ended Friday,.-June B,
were 287 compared with 292 for the "
week immediately preceding and 314 '
for the corresponding week of IMS'.
The fallih-t in the 1'aclflc coast dis
trict for the week ended June 1, ths n
latest date available, were 87, com
pared with 46 for the week immediately
preceding and 55 for the corresponding .
week of last year.
Money Market Tends Higher. Ths
feature of' the money market at New
York was the session of Tuesday when
demand loans went up to 4 per oent.
The closing rates on Friday were 3'4
per cent, tor high, 8 per cent for low
and 3 po,r cent the ruling rate. Time
Joans of all maturities responded to
the falling reserves of the clearing
house banks. Silver prlcea dropped ab
ruptly on I'rlday's market, llar silver
went to 634, but showed a little more '
strength, On Saturday.
The range of rates for the week was
as follows:
New Yolk Demand loans were firm
er than the preceding week with the
ruling rate varying from 2V to
per cent; time loans, 243Mi per cent
for 60 dAys; 3le3 per cent for 6
months;, commercial paper, 3 '4 84
per cent for 80 and 90 days.
I'ortlnnd Time loans and commer-
clal dlscbents, ti'ij K per cent; New York
exchange $1 premium. ,
Heatlle-Tlme loans and commercial
discounts 6 OjP 8 per cent; New York ex
change $1.26 premium.
San Francisco Time loans snd com
mercial discounts 4l5 per cent. Sight
drafts par; telegraphic transfers,
cents.,
Exchange on London, st New York,
was slightly weaker, varying front v
$4.754 4. 75 11-16.
Har silver was much lower, ranging r
from 6!6'f't2 rents; Mexlcun doilara
were lower, ranging from 61 1,4 0 4814
cents. '
Rediscount rates on the federal re
serve bank at San Francisco remained
unchanged. The following are the rates
at bhe given maturities: ,
Commercial paper, 1-10 day, 3 per
cent; 11-80 days, 1 per cent; 81-60
days, 4 per cent; 61-90 luys, 4 per
cent. : -i
Agricultural and livestock paper, 91
days to six months maturity, 6 V per
cent. -
Trade acceptances, 1-10 days, 3 per
cent; 31-60 days, 3 per cent; 61-90 "
days, Z per cent.
Commodity paper, 1-80 days, t per
cent; 81-60 days, 4 per cent; 61-90 days,
4 per cent, 91 days-6 months, 6 per
cent. , '
Bankers' acceptances, 2 to 4 per cent
your ngeney. Under these conditions
we assure you that our board l
ready to lend Its hearty support to
this movement. , Before becoming bind
ing on our organization it would have
to be eubmitted to a meeting of our
members, as we have written you
heretofore. You can, however, rest
assured that at such meeting, if the
conditions herein before mentioned are -complied
with, our board will recom
mend Joining your agency.'
"We quote from the reply of the
Fruit Growers Agency to tne above
correspondence: , I
"'We have read with great Interest
both your letter and the proposed
changes, and to say that we are
pleased, Is not expressing our feelings
at all adequately. We fully appreciate
that the experience of the members of
your organisation will be of great val
ue to the Fruit Growers Agency, and
for that reason particularly we are
very glad, indeed, to have the sugges
tions you make. The chances you
make are not only acceptable Jo uL
but ws feel that reveral of the changes
you make are of great Important and
win, 'as you say. make it easier lor ue
to secure members.
" "Both ourselves and tbe govern
ment representative have gone over -your
letter and the suggested changes,
and we feel that you have been emi
nently fair to the agency. We fully
realize that you have an organisation
to protect and you would be remiss in
your duty if you did not do your ut
most to protect the interests entrusted
to you to tne oest or your ability.
If the measures proposed by the
Hood Hiver association are ratified
and adopted by the Fruit Growers
Agency, the matter will be Placed be
fore the growers of the valley to be
voted Mpon. If the growers vote to
Join the, agency. 1,000.000 boxes of ap
ples wni oe added to tne tonnage to be
brought under the control of the gov
trnment plan.
New York Bugar and Coffee.
New York. June 10. Sugar Centrif
ugal, .22.
Coffee New York spot No. 7 UlOS,
c; No. 4 Santos, lose
Overbeck
& Cooke Co.
, Stocks, Bonds
Cotton, Grain, Etc
DIRECT PRIVATE
i WIRES TO ALL
;! EXCHANGES
Members Chicago Board of Trade
Correspondents of Logan A By ran
, ' Chicago, New York.
tlS-17 Beets of Trees Udimt'.
.1