The Oregon daily journal. (Portland, Or.) 1902-1972, July 02, 1916, Image 21

Historic Oregon Newspapers

The Oregon daily journal., July 02, 1916, Page 21, Image 21

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Newspaper Page Text' - V (I : - - . ; ' ..... - . ; . . . . i . . . . - . . LOWER FREIGHT RATES IN SIGHT FOR CEREALS' -Jag- . nnBMIBHwsHHMHMH nil TMnwsHHMB ' "" 11 11,11 " 11 ' i'"-- iiiiii mnmii ii i iii ii mi iiassskaasassaaaaat-aassas mmmmmmmmmmmmmammmmwm i i- mm SLIGHT CHANGE IN PRICE OF WHEAT IS MADE FOR THE WEEK Local Quotations Aln.ost Unchanged Freight ltates Continue to Dominate the Price Situation at World's Centers. Changes in quotations were slight . and o? little moment In tha local Ti wh.eat trade for the last six days. ' There was only a nominal amount of -t'bWlntKH reported from the Interior and tii tH was confined to small, scat vXered lots. Tha wheat market here continues to mark time. The freight situation Is the dominating factor as in previous weeks. There Is a noticeable easing un of freight rates on the ocean and for that reason the trade Is much at sea regarding what the future will bring forth. With frelgVit rates inclined to drop for Kngllsh ships even though neutral owner are asking advances, there is If (tie Inclination among the trade to charter. The easier feeling in freights 1 1 duo principally to the tact that the English government has ordered that vessels must carry 85 per cent of their cargoes In grain. Crop conditions continue to prove a factor In the world's trade. Despite the alleged reports from some sections that crops will be "greater than a year ftgo, this much Is known positively, fire world as a whole will show a seri ous decrease from a year ago. After final returns are available It Is morj than likely that the carryover will Le little more than sufficient to make up. for the deficiency. The carryover Is undoubtedly overestimated at most points for the Bole purposo of forcing down prices for the coming crop. t'LOl.'lt Helling frier: i'uleut $lso; Wil - lunette vailejr, 4.50; local straight. $4.20( 4.0; bakers' local, $4.l'4i,4. so, Muutaua spring wheat, $5 uO; exports $1.3014.50; ubole wheat, $0.45; graham, S;20, rjt Hoot. $5 U5 per barrel, HAV-liuylug price: Willamette Taller tiro, othy, fancy, $20; eastern Oregon-Idaho fancy tlu.othy, ailaifa $214J22. UKAIN SACKS ltfltl nominal; No. 1 Cal culta l.li' Id carlntn; leas atmuiota are higher. ROI.LKE) OAT-4(l.23tto.50 per barrel. M1LLS1 UKK8 M-Ulu price: lirau 2tl.00; abort. S2U.UO per toll. KULLLls UAKLU Sellins price, ll233 pe: tou. HI da for July blusatem wheat advanced 14 fortyfold, club an I rel Hiuaian 'ijc. while tbe fife waa up ic a bushel od the exchange during the day. Keed osts advanced 25c ton for the July, while barlt.y win up 50c. MerchauLa ezchALige July prices: WIIKAT Sstday Krl.Tburs. Wed.Tues.Mon. Hid. Ak. Bid Blucatem... 54 UH 04 05 DO- 08 96 HAKLKY 'V Forty fold... 84 Vi X9 4 S3 IB V M 8fl Club fcCVj HI 2 82 Hi' S3 83 -2 lied fife 3 H7 82 82 82 83 83 11. Ilmaluu. (CU) 00 82 b2 S3 83 OATS r"eed 2U2S 2o:.u i;b(X) 2(525 26O0 2000 2623 BAHI.EY Keect. 1100 21oti 2050 2700 2700 2700 2700 .fSt. " MILI-STtKFS Bran 2".r0 2400 2:'.( 232S 2.100 2X0 Bll'Tla ... 2tiOO 27J." ItiOO 2000 2000 2650 Kuturra were tjUAitetl: WHEAT. Hid. Atk. Auguiit blueatem Ki K8 Atuiuat fortyfold M Vi h Ausunt club hOV, 87 Al'KUt red KUe 82 8H August Itutslau t0 87 w FKKI) OATS. Auguat 257B 2B50 ' ft;kd hakley. August 2600 2823 Mll.USTL'r'FS. AuKiiat bran 2"0 24S0 Aufc-uat ahorta 2i: 2725 , Cereal Receipts at Tidewater Markets Creal recelpta at raolflc "northwest water polnta for tlie eaiKiiia lu carlota: POUTI.ANO Seaaon Whiat. Barley. Fir. 0Ht. 1013-10... 10.40(1 1.12S 1UH0 1H.1 ivi 4-1.1 it;,y;v 1020 1000 20:12 1P13-14... ir.,783 2S22 2870 17r."i 1012- 13 ITS. 433 2414 2H08 lHOfl Corn. Rye. Feed. flax. Straw. 1015-16 Ill 20 873 13.1 123 1014ir IMt H V'2S 30 11 1013- 14 02 41 12T.1 27 M 1012- 13 130 30 H05 150 18 TACOMA Wheat. Barley. Fir. 1015 16 7.2i8 531 1614-1.1 0.24.1 51.3 1013- U 9.30.1 520 1912-13 11.815 772 ... Hay. Corn 1015-18 2418 177 1014 13 82 1N2 1013- 14 2703 171 1012 13 3382 231 SEATTLE Wueat. Barley. Fir. 101B-1 8041 1471 2173 1014- 15 7040 1138 2182 1013-14 60O4 1104 IlVlrt 1912-1. 7026 lies 17fl Hay. Cirn. 1915-18 4471 1H0 19U 15 4733 , 1J4 1913 14 f.28 202 1012 18 ftS3S 517 tide- Hst. 2B71 2151 277f 2365 Meal 18 0 6 13 Oata. I-'. 4 6-87 521 5S9 Eye. 21 1.1 19 15 Oata 1159 1313 1339 14.9 Hye. 26 31 23 58 TRANSIORTATION SAVE TXMXI B0HZT! Portland $20.00) to and San Francisco $17.50) cxasa HXTXAS Tourist. $18 and 913.60; 3rd class, $8. BpeclaU Sound Trip rare $33. MEALS A'D BERTH INCLUDKD Steamer Express leaves 9:30 A. K. TUESDAY, TKTJBSDAT; SATTTRDAT From San rranclsco 10:30 A.M. TICKET OrrXCX. BTH AITS STARK. 3rd It Morrison Northern Pacific By. 348 Washing-ton St. Great Hot. By. Xargeart Snipe tTnequsled Service ALASKA EXCURSIONS Via S. S. Spokane, July 2-14-26 S. S. City of Seattle, July 8-20 CALIFORNIA Via Seattle or San rraaoiaoo to Los Angeles and San XHego. " Low rates. Including berth and meals For full particulars, apply or phone ticket ornCE, 949 WASBXBTOTCm STREET. Pac. Main 829, Home A-2293. SAILS DIHECT FOB & SAN FRANCISCO v LOS ANGELES SAN DIEGO a. Sunday, July 2, 1:30 P. M. as Fruciaoo, Foiuaad Les Angalee tumaiup Co. Frank BoU&m. ixut. U4 XH1&D STSXET. A-69. Mats A pAtliu.D.Ki NoamiRX JULY WHEAT STRONG, DELIVERIES LIGHT, FEATURES OF MARKET Fine Weather Conditions in South west but Northwest Muggy Export Stales Small Corn Firm er Moderate Receipts. a Chicago, July 1. The feature to wheat was the comparative strength Of the July aa compared with futures. Deliveries were less than two million bushels and went mostly Into the hands of elevators who have been buy ing the July for several days. While export sales are not much in evidence, Ii is believed new wheat is being worked in 'a fairly large volume and tho class of buying the past week would indicate that exporters are tak ing the futures In a o.uiet. but persist ent way. Clearances are light and re ceipts continue comparatively heavy at 8u5,00u bushels against 395,00u lant year. Weather conditions in the south west are ideal, but muggy conditions In the northwest could be Improved upon. Business on the whole was quiet and principally In the way of evening up over the holidays. Traders are watching weather conditions closely in tl-e northwest and any news of at all unfavorable character would be quickly reflected In a rapid advance. Fine weather and an easier tone to Liverpool advices influenced some sell ing in corn at the opening but prices quickly firmed when It became appar ent that an export demand was again in the market. Although the demand was not quite as general as recently, sales were liberal, 300,000 bushels be lnp reported sold to go to the seaboard. Receipts continue to Increase moder ately, with 824.000 bushels at primary points today and a large amount ex pected over the holidays. Trade ruled quiet In provisions but firm with lard leading In activity. Range of Chicago price furnished by OTer hrrk & Cooke Co., 210-217 Hoard of Trade building. WHEAT High. Open. July 1014 low. 10 1 104 107 Close. 103 1, A H.1B lx4 103" li.". lO-STj CORN 7.1 73 62 OATS 401.4 roits 2C4o 24 K7 I.AIID 1330 1347 KUiS 1380 18S7 Sept. Dec. 107-. July Sept. Dec. JlllT Kept.. Iec. July bept. July Kept. July B4.pt. . 7.1 14 . 731, . 61H . SS 'i . ft1 O .22 .24 S3 71 73 ai-S 38 '4 3ML. 40 2.122 2473 l.",J0 1340 1377 135 1 73', C134B 3 40 254 2 24H5 1325 1340 B 13S0 13.S5 B . . .1320 . . .1340 . . .1377 . . .1387 Grain Benefited by Rain of Past Week Inland Empire Harrest Will Be Larger on Account of Abund ant Moisture. Waila Walla, Wash., July 1. Aside from ithe damage that was done dur ing the past week in isome sections of the valley by the seVerejfwind, hall and rain storms, the weather condi tions have been ideal for the growing grain, and an excellent growth has been reported. Rain fell almost every day of the week, and, the temperature remained high, proving most effective In bringing the backward wheat for ward In an excellent manner, in the foothill section much damage was done bv hiarh winds, rain and hail, fields being washed to tome extent, anr wheat shattered and lodged by the gales which swept that fcection. in the light land section the rain was especially beneficial, but as In the foothill district, high winds did some damage. The total precipitation for the week was nearly two inches, or about the normal rainfall for the month of June. Fall sown wheat has Improved wonderfully in appearance since cooler weather ttct In, and the spring sown fields are appearing to much better advantage. Barring hot winds later In the season, the farmers believe the 1916 harvest will be a good one, and much better than they had believed possible two weeks ago. when the valley was in the grip of an un seasonable hot wave. Conditions In Franklin county are reported considerably improved be cause of the rains. The moistuie was a great boon to the growing wneat, while at no time waa the precipitation hefivy enough to break or Injure the s talk's. The (l.'-H. Sutherland company of Siis city Is In rece1t of the following rr5t)ort from K. T. Redd, regarding the neather conditions In Franklin county, which will be of interest to Walla Wallans owning property In that sec tion: "Since June 20, I have recorded the following rainfalls:, June 20, .15 ,nch: June 23, .02 Inch; June .70 Inch: June 27. .10 inch. Total raUrfall for June to date, .97 inch. "The showers of June 27 were very local. I have a report from . R. C. Watson, living some five or six miles northwest of here, that the downpour there on .Tune 27 reached almost the quality of a cloudburst, althougn no damage was done at all. The water stood all over the surface of the ground. Here at Kahlotus. we had onty .10 inch, this falling in a very few minutes. "W'e had a hot spell from Tuesday. June 13. until Saturday night, .tune 17. the thermometer phowing a rise each day over the preceding day of 5 to Id degrees, until Saturday th3 ordi nary instrument registered 10. "Since the rains it has been very eool, with very little wind, a condition considered especially favorable to growing wheat. The ground In this aVitire sectfon is reported wet down to the old moisture." Bumper Grain Crop For Morrow County Greatest Yield Predicted Since 1894 Rains of Immense Value to Farmers. lone. Or., July 1. The heavy rains which have been repeated every day since June 24. practically have insured the largest wheat crop to Morrow county since the bumper crop of 1894'. Farmers from Dryfork district, Rhea creek. Eight Mile and Willow Citek districts report wheat crops looking excellent, and the beet in 22 years. For many miles in any direction leading from this place, field after fie'd of the heaviest wheat in the nonjiwest is visible, as Is also the alfalfa hav crop all along the Willow Cree and Rhea Crjek valleys. Hay harvesting had just commenced when the first rain storm came. In some places a small portion of the hay had been cut, and this will be damaged. But little is thought of that here, on account of the rains being of such an enormous benefit to the wheat. As a result of tbe backward spring the wheat harvest Will be later' here this year. It will be about the middle of July before the wheat will be ready to cut The farm ers have already erun to engage har vest hands, and as it looks. Tthe iobs I will bo many and tha reapers few." THE OREGON V GROWERS' ORGANIZATIONS PROVE BIG MEXICAN OBSTINACY FACTORS IN SECURING PROPER PRICES; PRODUC By Hjrraan H. Cohen United action on the part of producers has tended to solve many problems of marketing that for yeara have been a source of worry and financial disturbance to growers. United growers have always presented a better appearance in the markets than Individual shippers and invariably trw results have been better prices. Over In the Kennewlck section of Washington the potato growers have decided that their best Interests would be served by an amalgamation of the producers Into one selling agency, it Is planned not only to have one agency do the selling for the potato growers, but the organization will likewise; Inspect all shipments to be made. This Is one of the best signs of the times. It means that after all the growers of produce have decided to be real business men. Heretofore they nave thought that the main consideration for the grower waa to produee the crop. A few lean price years with demoralized markets have tended to take this idea out of the growers' heads. They find tftat to grow a product la but one of the essentials of farming. The marketing of the crop, is far the most important. Good crops without good marketing are a mere waste of time, ami growers of the Pacific northwest are beginning to realize this. Perhaps one of the factors that tended to straighten out the tangles among the Kennewlck growers of potatoes is the huge success made in the marketing of the strawberry crop this season In the Kennewlck-Richland district. While to some extent the success of the strawberry marketing this season was due to the fact that there was an extreme shortage in the crops and that high prices could scarcely b dodged, still there is no question but that the Kennewlck-Richland Marketing union aided the growers in getting better returns than they would otherwise have received The same Is true of the Hood River and White Salmon strawberry growers. All received extreme prices. In both sections the organizations controlled by the growers themselves were factors in creating better markets. That potato growers of the Willamette valley need a suitable organiza tion to aid their marketing is a foregone conclusion. In the first place, a proper organization will not only do the marketing for the growers, but will aid them in securing better seed and producing and marketing better quality. As a general rule, wholesalers much prefer to purchase their supplies through an organization. Generally It means that contracts with growers will be fully lived up to both as regards quality and time of delivery.' EAST IS WOEKING HARD TO SECURE , MORE SHEEP ON COUNTRY'S RANGES; MOVEMENT NOW GETTING GENERAL Interest In the movement to put more sheep on the lands of the United States Is everywhere Increasing. A. C Bigelow, president of the Philadelphia Wool and Texture asso ciation, writing to Charles Coopey of this city says: "I have found that as we continue our investigations, we find new tr.ouphts coming to us and new lines of actions developing. While we are working primarily to awaken a general Interest In this matter throughout tho country, and we are succeeding in this quite satisfactorily, we are putting our main efforts for developing on practical lines right here in our own state, as we believe that the proper development In this state should be an exhibition to other states as how this matter can be worked up. "In the first place, we are working to obtain the Interest and co-operation of all organized bodies in general. As an Instance of this, the Pennsylvania Bankers' association held their conven tion In this city and by their courtesy I was given the privilege of a short address to them. It attracted Im mediate Interest. I am following this up by a letter to every one of the members of this association in this state and later on expect a co-operation of this body through the actions of a committee of agriculture. "We are working thus to obtain a CROPS SOMEWHAT BETTER Good Sized Prune Crop Is Expected In Oregon, and Washington With High Prices. With a good sized prune crop in sight, the Indications point srtongly to Oregon-Washington growers receiving extreme prices for their offerings. Recently there has been a liberal In crease in tlie strength of the prune demand and offers for supplies are out as high as 7c a pound for the chief sizes. This is an advance of VzC a pound over a week ago and 1c above several weeks ago. Very little contracting of prunes is reported at either Oregon or Washing ton centers. Small Packs of Berries. The Linn and Benton Fruitgrowers' Cannery at Brownsville has put up a small pack of gooseberries and straw berries and is now beginning on rasp berries. The strawberry pack will not till more than 2 per cent of the orders booked. The berry crop will soon be ready and Is larger than last year. The loganberry crop has nearly all been contracted to the new Juice plant at Albany. The growers have signed contracts from three to five years. They will receive two and a half cents a pound for this year's crop and three cents for the succeeding crops. Peach prospects are below the aver age. Dut pears, cherries, berrie&s&nd apples axe good. Will Dry Loganberries. At a meeting of loganberry grower? of Creswell the question of handling the berries was discussed. It seemed to be the opinion of those present that drying the berries would bring the best results and a committee consist ing of William Holliston. J. F. Magee. Henry Achey, Joseph French and Joseph Weber was appointed to see what arrangements could be made for drying the fruit. Growers Klect Directors. Directors of the Lane County Fruit Growers Co-operative exchange were selected this week as follows: J. I. Jones and Grant Bales, of Cottage Grove; William Holliston and Or L. D. Scarbrough of Creswell; Douglas Campbell and C. A. Merriam, of Ku gene; A. C. N'ielson and Henry Bush nell. of Junction City, and E. L. Klemer, of Alvadore. Start Skunk- Farm. In the past six weeks George M. Newman of Albany and C M. Flick Inger,. who resides north of Albanv, hive captured 68 skunks for the pur pose of starting a skunk farm near Albany. Altogether they have 74 in captivity at their farm, not including a few young ones which have been born there since the farm was estab lished six weeks ago. FARM SCENE saasaHssssassarsiari r p. ... - 4 . p An.ii.iw.....iay V, fc - '1V - - , - p There are many beautiful farm scenes in the Willamette valley. Not only are the farms generally well taken care of, but the class of buildings is improving all the time. The scene above is on the Foot hills Farm of V. B. Ayer at Carlton, It shows a group of modern buildings. SUNDAY JOURNAL. PORTLAND,' SUNDAY MORNING, ;ers are generally benefited general Interest, but our main effort, we feel, must be brought to bear upon the farm community, to interest them ii. the sheep industry and show them the profit which will come to them from keeping sheep. "We have decided that the best method to operate on on this line, is through the agriculture extension work which was provided for by the Smith-Lever bill which was passed on by congress, by which the states co operate with the government for education work in each county. "I presume that you are aware of this extension work and .that you have in Oregon an agricultural College or station, who can handle this matter in your state for you and I would suggest that you endeavor to get some of your business men together into a conference with said agricultural col lege and talk this matter over as we have done here to formulate a plan to carry this proposition direct into every farm community by the agricul tural extension agents. "Our state college here Is now pre paring a bulletin which will cover the wool and meat situation and point out to the farmers the proper way to en gage in sheep grazing. There will be an edition of 50.O00 copies first, which will be distributed very widely and this will be rollowed up by an additional edition." if necessary. Recent Rains Prove a Benefit to Growing Grains in All North west Sections. Crop conditions at Paclfio North west points were improved in most of the grain centers during the week The principal benefits were secured In the light land section. In both Oregon and Washington the light land sec tionstwe showing even better pros pects "than a year ago. Some aid was also given crops in the so-called heavy land districts, but in none of these are returns expected to reach those of the record of 1916. Cherry crops were practically ruined at Willamette valley points by the heavy rains of the week, but in east ern Oregon little damage was shown on this account Strawberries were so far gone pre vious to the rains of the week that the rainfall made little difference with them. Raspberries were aided and the same Is true of loganberries. Potatoes are growing well in prac tically all sections of the Pacific Northwest and the early crop promises to be the best for many years. Onions are growing wey in the lead ing districts. In the hop districts good growth was generally reported during the week in both Oregon and Washington. No damage whatever is reported from any of the districts. . Big Crop Loganberries. Loganberries are arriving at the Eugene cannery plant and some of them were canned this week. There will be a large crop of the berries this year and many fields of them will bear for the first time. J. O. Holt, manager of the associa tion, was at Junction City to super vise the beginning of operations of the branch cannerv there. Cherries and loganberries will be canned first at that plant. Liambs for Omaha. E. A. Whlttier and Fred Huggins of Baker have sold to Orson Moody about 1600 lambs, a five car shipment, shipped this week to Omaha. . Bert Ingle shipped from Robinette and Homestead 14 cars, also consigned to Omaha. Creamery Doing Well. The Reedsport Creamery made 000 pounds of butter last month expects to increase the amount and this month. This is making a fine show ing. taking the opposition of the for eign creameries into consideration. Good Wool Demand. There Is a good demand for wool in this county, says the Canyon City Kagle. , So far as known verlv little has been contracted. A few days ago two buyers made the John Day valley district and It was understood that IN THE WILLAMETTE VALLEY "ft I i aslfl-fftl-liT''" EOF Y E Satisfaction Expressed by Presi dent's Reassuring Words Are Marred by Strictures American Government. on tlie New York, July 1. (U. P.) Tbe New York Evening Sun's financial re view today says: Little, naturally, was expected of to day's short session on the stock ex change in consequence of the prevail ing uncertainty regarding the Mexican situation and the approaching holidays, and business shrunk to small propor tions. Much satisfaction wa ex pressed over President Wilson's re-assuring words In favor of the avoid ance of war, except in the case of ab solute necessity, but this was offset to a greater or lesser degree by the bitter arraignment of the government con tained in the memorandum issued by the Mexican authorities in commenting on the latest American note. First prices were generally lower and fractional declines were widely dis tributed throughout the general list. V ith buying incentive at low ebb, the professional traders worked for reac tion and, influenced some rather sharp declines in specialties before the ex piration of the first hour. Standard railways, while dull and inclined to heaviness, offered better resistance to the forces of contraction because of the recent excellent earnings statement. There was no important change in trading conditions In the closing half of the session, and although some spe cialties like Industrial, Alcohol and Studebaker corporations, extended their lesses, the list elsewhere showed a slightly better tendency. llacge of New York prUea furnished by Overbeck A Cooke Co.. 216-217 Board of Trade building: lu-o.-npjioti I i.peo ' M la n ' Lw t'lo- A lank Uoid Allta Chalujera, c Allia (Jbafcmers. pfd... American Beet Sugar.. American Can, c Aujerlcau Car Kdy.. c. American Cotton Oil, c Aui.rlcan Linseed, c . . Amrricau Linseed, pfd. American Loco., c American Smelter, c... American Smelter, pfd. American Sugar, c is" 2.3 V, 7 r.v, K7 32 33 S iu'v f.7V 'J2 IBS 23 V 74 7!, 62 33' 34 lVi 4V 07 K 111 110 12s 24 I 75 S I 74 1 S2 24 1 '20' 26' ' 1 07 V, tl7 AOierican Tel. & Tvl an 1 ei. ar xvi. . , 1 ( an Woolen, c...i 45 434, 43 da Mining Co... hi M; M(J n. c lo.-,i,;ior.V4 . Auerican Ana con A I eta 1m 104 - Atchiaon, pfd... lialdwtn Lak-o.. c Baltimore A Ohio, c... Bethlehem Steel, c ... Bethlehem Stel, pfd. . . Brooklyn Rapid Transit Call. Petroleum, c... Calif. Petroleum, pfd.. Canadian Pacific Central Leather, c ... Central Leather, pfd... Chesapeake & Ohio ... hlcago 4 Gt- W., . . Chicago 4 Gt. W., pfd. Chlengo, M. Si St. V... Chicago 4 N. W.. c. . , 73 Vi 1 440 74V 71V 72V .'20 440 440 130 85 15 40 179-4 5 111), t2 12 30 v; 67 Vj 128 154 40 15H 15 V4 40 40 V 179 1 SOU. 179 56 j M 56 V4 i V 12', 3V 113 (52 12M, 3S 61 12 3tt US I Chlno Copper 50 1 Colorado 1 a I.. 41Hl 41V 41 Vj Coca, (iaa Corn Products, Corn Products, Crucible 8teel, Orucible bteel, Dlatlllera 1 124 14V 14H 73 1 73 c pM... c pfd... 14 14 4 'iivi 3H "iii, 30 Va 11414 Q43V4 43", Erie, c Krle. 1st pfd ieuersl Electric treueral Motors Uoodrlch Kubuer Gt. North., ore lanils. Gt. .North., pfd Greene-Cananea Hide & Leather, c... Hide Leather, pfd.. Ice Securities Illinois Central Industrial Alcohol ... Ins-piration Interboro. c Interboro, pfd , K. C. Southern, c... Ickawanna Steel... I t high Valley aiexican Petroleum.. & :1a mi Cwpper M.. K. T., c Kennecott Copper..., Missouri Pacific National Biscuit. National Lead NtTada Consolidated. New Haven New York Air Brake Nw York Central.. N. Y.. 0 4 W Norfolk & Western, c Northern Pacific... 30 3;Va 52 117 470 167 167 17 75 34 H 40U 3 74. i 7414 34V;, 34 V 34 V, 12OV12"Vil20-' W,4i VI I .HI "4 I 51H! 51- iJVs 51V 51 ! 2 V4 104 12ft U 130 4 4iV 49. r,:i 50'i 133 304 17 73V 23 Vj! 254 I4j 7-. 7vVl 7S4 SH? SMI 35 Vi 35 Vi 614 '4 78 4 36 , yf4 4 4 r, llS'-j B4 1U14 -47 Ti 47. l R2 1 35 101 2T;l4 1314 113U 62 61 V " 13.". -134 134 104 1044,1044 27 27 V 27 I3t4'i:;i i:u 113 4 113 u 1 '3V4 I ,21 ss ; 97, 574 Piclflc Mail Pennsylvania Railway.' 5 Peoples Gas Pittsburg Coal, c !.. PiUsliUtg Coal, pf L. P Steel Car, c .. P Steel Car, pf -,-L . Ray Cons. Copper 2 Railway Steel Springs. .. 101 26 100 t0 22 241 224 -7 i Reading, c I 97V 94 Republic I. S . c I 43 I 45 43 44 4 1H7 4 22 4 2S 184 13314 17 4 07 4 24 3M L nepuDiic 1. & o.. pr..1 ; ... Rock Island j 224 224 22 Shattuck I Se a rsr Roebuck & Co..' Studebaker. c 137 .tvidebaker. t.f ! 137 (1324 southern Pacific 1 97 I VJ v Southern Railway, c.. 24 i 244! -;! Uenn. Copper S.'.y 35 v 33 V Texas Oil 1W) ,1U0 18S 174 Texas Third T.. St. t'nlon V. S. Pacific. ATenue. . LAW Pacific, ; i-'4 ! - 5 137 13Sit;i37'S,'137 i 54 54 - 54 53 1 V.4 S54 K,, 85 4 ; 77-V 7. 4i 77 77 i :-! ! . Rubber, l 8. Steel Co.. c... Utah Copper Virginia Chemical, c. TV. I". Telegraph Westlnghouse Electric Wisconsin Central.... Wwilworth Cigar Mfg " 4 .574 57 4 41 : 130 136 1135 4 1354 Total sales 173,300 shares. they did not make a purchase. As hijrh as 24 cents was offered. Many figure that in case the war-goe through the summer and they are financially able to carry their wool that later in the season a much bettt-r price will he realized. Some even pre dict 30 cents for fine with the coarte stuff correspondingly higher. New Prune Pest. T. H, Hughes, a grower four mil.-s northwest of Dallas, brought a young prune tree to town last week to ahuw the results of the work of a new pcht on the roots of the tree. Six of the worms" (though the pest has six lens on the fore part of the body and hair on its corrugated baj-ki were brought In by Mr. Hughes. Dallas' prune men AR CONFIDENC RK EXCHANG ' ..' if A, : 4.-!. WfcrtMw. .1.. m 4 JULY V 1916. UVESTOCK TRADING ON A BETTER BASIS AT General Trend of Markets Is Show ing Improvement Former Weak ness in Hogs, Cattle and Sheep Disappears in the Yards. PORTLAND LIVESTOCK RUN Hogs Cattle Calves Sheep This week . Last week . Prev. week, ilonth ago.. .5121 998 35 3074 8239 4444 4438 .6717 . 7078 .7340 1866 2068 1102 149 60 is 2 The market for livestock Is again fairly steady in general with the severe weakness of the previous days about disappeared. The stoppage of Califor nia grass cattle has been some aid to the situation in that branch of the trade here. It has been the huge offer ings of inferior quality California and NORTH PORTLAND 41 ex lean stun that has caused general made. depression In the North Portland and Portland's record for June was good, other Pacific northwest cattle trade re- a3 reflected in the bank clearings, cently. building permits and postoffice re- While holdings of cattle here are still ' ceiPts- Perhaps the three best bar quite liberal, the fact that no more on.eters of actual transactions that California stuff is likely to come soon, I there are. is an aid to the general trend of the ., rn-m an -,v, . trade. It will be some weeks before!. p" OlUes All Show Gains northwest grassers are sufficiently Baa Clearings. The six principal good to command extreme quotations"! cities of the Pacific coast district all slid until then it is quite liaely that some suoriage 01 good stun win oe noticeable here. 'General eattle niarket raoc: Choice gra, alr 17 .lir.iff 7.T.O Crdlnary to eoiumou ateert. A.oO&e.50 Choice cows 6.23(0.30 Ordinary to common cow 4 00u.VSO Choice bel f erg 0.50 Ordlnari heifer. e.23ffitl .V Choice bulls 6.00 Good to fsir bulls 4.00O4A0 Ordinary to cominoa bulla 3.00bj3.50 Best litbt calses x.w Uood caWea 7.0007.30 Mutton AjraUn steady. After a period of considerable weak ness, the market for both mutton and lambs is about steady in the North Portland yards. Receipts during the week were fair but killers took hold late in the period without forcing any additional lowering of values. Th nrirtflTtt uliu k na.as Imu hpin felt of late in the ewe division on account of the generally pour duality or sucn offerings General mutton and lamb inarket: j Select spring lambs .S.O023 Ordluary lamba e. 00441. 50 - Heat yearling n.2o Good to common wethers 5.75(30.00 Best ewes 4.75(5.23 Good to common ewes 2.0O4t3.5d Best ewes.. 4.50ffi5.00 Hog Trade Is Higher. Trade in the hog market is some what firmer. During the week the market here acted considerably better than during the previous week. There was much more disposition among kill eis to meet the price ideas of shippers a; least half way and this resulted In a very good outward movement with tops as high as $8.35. .General bog market ran: Choice light weights .(ff.35 Good light weights 8.00a.1S aiedlum weights 7.50UT.73 Rough and heaty 8.754S7.00 DAIRY PRODUCE ON THB COAST Ban Francisco Market, San FYanclaco, Cai.. July 1. (C Butter Extras 25c; prime flrats, 24c; P. 1 firsts, 24C F.gga Extras 25c; pullets. 224e. Cheese California fancy; 144c; firsts, 13V4c Los Angelas Xarket. Los Angeles. July 1. (P. N. 8.) Cat count, 24c. Butter Kresb extra 26c. -Em POTATOES ALONG TUB COAST Ban Francisco Market. Ran rranclsco. July 1. ili. P. Potatoea New crop, Deltas $!. 50(&1. 00. Onion Amtratlans, $2.50(23.00; new crop, red. $2.30412.60; ditto yellow. $2.5002.00. New York Bank Statement New York. JiiIt 1. (I. N 8.) Tbe weekly statement of X'ew York city clearlug houae banks shows the following changes: ATi-rage loans. decreae1 $. 1124 000; demand depoit, devresse, $5, 23.., Ota I; time dejKislts. decrease, $135,000; reserre. lucreaae. $4.O0.4.30. Actual, loana. Increase. $13,355,000; demand deposit, decrease, $22,000. time deposits. Increase, $4, (noo.ooo; reserre, decrease, $0,208,480. American Wheat Market. St. Louls Cash wheat No. 2 red fl.ioq 1.11: No. 3 red, $1.01fel.06; No. 3 bard, $1.01 ffil-024. Kanas City fash wheat. No. (S$l i; No. 3 hard. OOctrtll.os; Wc$1.04; No. 8 red. 94c47$1.0O. 2 hard. BOe No. 2 red, couldn't name the pest, though several thought It looked Itke a rrub bore. Tho pest injures the tree by eating away the roots and the bark of the under ground part of the tree. The worm like thing is about an Inch and threi quarters long and grayish-white in color. New Grain Elevator. Work on the construction of a 150. 000 huslic-1 grain and hay warehouse tor TV. L. Walker at Tucker's Spur wi; begin within a day or two. The Willam ette Valley Lumber company has shipped 60,000 feet ol lumber to Tuck er's Spur for the construction work. The building will be 60x0 feet, wUn 26 foot walls. A 6 inch concrete floor will he laid over the entire surface. This Is the second of the announce ments of large warehouses near Dai las. The oijer the Smithfield Farm ers' union warehouse, at Smlthfleld, to accommodate about 100,000 bushels, is being built. Tillamook Needs Hay. Klamath county has been a splendid market for the dairy calves raised in Tillamook county, and there seems now a chance for the opening of a market tlhere for a Klamath product. County Agriculturist R. C. Jones, of Tillamook, has written County Agricul turist laisyer here about the prospect of buying alfalfa hay here, the prob able cost, etc. The grass hay at Tilia mook; is said to be Inferior this year. Any one interested can address Jones at Tillamook. 2ontracting Loganberries. J. Q. Swink, of Lebanon, was In Al bany Saturday to confer with the new loganberry juice company in regard to . r. i , r . taking his crop of logans. of which he has 13 acres. The company is making contracts tor o or 10 years at 3 cents a pound. J. W. Paickett also visited Al bany yesterday for tbe same purpose. Want Cavalry Horses. Buyers are In the market around Union for cavalry horses, and all avail able animals of that class are kelng eagerly sought. It was at first sup ed that they were looking up anl - s for Europe, but they may be king nearer home posed ma) working nearer home. Cattle for Idaho. H. W. Dorman. of Caldwell, Idaho, was buying stock cattle around Fossil last week. He bought a bunch of 110 head of cows, with calves, from Fred Welch, who Is taking him around in quest of more. Sheep Shearing Delayed. The cold, wet weather has put a damper on the shearing operations at Paisley. Several of the sheepmen had just gotten nicely started when the bad spell came on. FINANCE, INDUSTRY AND TRADE REVIEWED War Preparations OIt Hew Stimu lus. There are Indications that the rush orders placed by the United States government, to supply the needs of troops that have been moved toward Mexico, have given a new spurt to many lines of general trade that were showing a tendency to sag from the high pressure conditions they have en joyed for so long. Along with these re- pcrts come the statement that many lines of domestic business, which have tc do with articles of a staple charac ter, are showing ar considerable falling off. This point of view, however, is again partially offset by the statement that normally this is the period of be tween seasons and there should nat urally be -a decline. The summary of the situation would seem to be that the immediate business of the hour is still being maintained at a high pres sure and does not give much concern. Those jJo have to deal with conditions that require keen foresight would need to watch closely every development itl,at arise- JTortbweart Conditions Improving. Judging by the statistical summary of the business transactions of Portland for the month of June conditions In the Pacific northwest are improving. While tlie factors of ocean traffic and the longshoremen's strike may tend to hold back the development, progress Is being , show good gains in the bank clearings, j f or the week ended July 1 compared with the week of July 3. 1915. The improvement as shown by this barom eter of business conditions has been consistent for the past several weeks. The total clearings for the week j,r.4A, T.il., 1 . I I . V. . I l"cl"tr l" "ur : l" e week of July 3, 1915, and the Increases Indicated are as follows: July 1, '18. July 3, '15. Increase. . .10.078,42 I 8. 740.142 f 33S,aoo . . 14.4f.840 12.475.301 2,4H6.53 .. 2.310.020 1,725.910 5S3.001 . . 4,100,140 3.4W3.031 813.10B Portland Seattle Tacoma Spoksne Sau Iran 60,162,35 63,74H,U32 6,413.753 I Los Aocelei. it3,to,9tt0 21,376,W7 2,213,003 I Large Increase in Earning- Assets. ! The statement of the twelfth district ft-Ceral reserve bank at San Francisco for the week ended June 30, shows a i Eain of J628.0O0 In total earning assets. , umer cnanges Olsclosed by the week s operations include an Increase of J472, 000 in gold reserves, an Increase of J22.000 in commercial paper bought, an Increase- of $642,000 In bills bought In the-open 'market, an Increase of $1720 frt government, deposits, a loss of $674, 000 in" net ntember bank deposits and an Increase of $1,046,000 In total re sources. The principal items In the statement now stand: Gold In own vaults $ 6,567,000 In gold settlement fund 8,798,000 Total gold reserves 16,375,000 Commercial rediscounts .... 448,000 Bank acceptances 6,461,000 tilted States bonds 3,609,000 Municipal warrants 1,711,000 Federai reserve notes 7,767,000 Total earning assets 12,229,000 Capital paid in 3,933,000 Deposits net member banks. 22,480,000 Deposits, government 6,182,000 Total resources 31.596.000 TUBER MOTH CAUSE OF EXPENSE AND MUCH WORRY TO POTATO HANDLERS At great expense tVashington Inter ests are trying to keep the tuber moth from spreading to the potato fields of the state from California. Much trouble is being experienced 1n making inspections. At best the work cannot be thorough unless every po tato is examined. This Is Impossible under prevailing conditions. A Seattle paper In reporting the matter says: "Although F. N. Rhodes. . district state horticultural inspector, has been etatloned In California for nearly a month In the work of Inspecting spuds at nolnta of shioment for the Seattle ! market, it has been necessary for ; deputies to supplement his work here. Five carloads of new A anrorma po tato, previously passed by Inspector Rhodes, were condemned on track In Cherry Market Is Brisk at Wenatchee a-.. a ai i Nearly All Sold at 5 Cents Cash on Delivery Demanded Moth Disappearing. Wenatchee. Wash.. July 1. The cherrv deal two weeks late. Is now on In full swing. Owing to the general shortage of the fruit In all districts, the demand Is great, and shippers are ? Currying over the valley for both arge and small lots. The crop Is nor mal, 40 cars, it is now estimated. Most of it has been aold at 6 cents the pound for Royal Alines and 7 cents for Bings and 1-amberts. Even the cher ries split by the recent rains are sought after by canneries, offering 3 4 cental. Consignment houses and co operative concerns are getting only a small amount of tonnage. The grower want the cash on delivery at the ware house, instead of a promise of cash at the end of 30 days, even though the ruling prices at present point towatd larger returns to growers selling on consignment. The Wenatchee Northern Warehouse & Marketing Co. and the Pacific Fruit & Produce Co. are handling the .ion s share. The latter company shipped the first straight carload yesterday. The former rolled a car esst today. Perhaps 50 per cent of the crop Is being packed in warehouses. Tiie We natchee Northern has 40 packer at work In Its Wenatchee warehoue. The rain of the last 10 day has caused a rapid development of all fruit.. Trie orchards are looking fine. The June drop of apples Is now about over, and has not been more than nor mal. Authorities at present do not believe that a revision of estimates win be necessary. The estimate at bloom time was between 7500 and $000 cars. ' xne v kuiuub i kii clkh.ii.bl ii.e - I ,k h.v, tt J.r inn , ar f wormv annles in the listrlct is apparently successful. A large L number of orchards are clean this year which previously ran as high as 30 per cent wormy. San Francisco Cash Grain. San rranclsco. Joly 1. (f. P.) Wheat California club $1 Knai fi.',; ditto TVblte A- ' x""i1 ttLW: lliT '. 1,rI1 J"!,?.0"",, 1 Df, . clnb. 11.72V)l.Ta; ditto blueatem. $l.5ij I 1.874; ditto Turkey red. 11 874 1.&24 : dlt. j to red Bussisn. $1.7001.724- I Oata Rel feed. $1 40611 45. northern arhtta i j7vs.ai.oo. Cherry Canners Busy. Salem, Or July 1. The Oregon Packing company and Hunt Bros', can neries Tiere are running at full ca d- , city. Queen Anne cherries are being marsciea in large quantities ana Drirg 5 cents per pound. The two plants are employing 600 persons. Woes writing or calling on adrei tlseia. please JT en tlon Tbe Journal. (Adv.) Bestirs Buffer Another Heary Oe. . The latest weekly report t ' the clearing house member banks ot New York city show an actual decrease In reserves of more than 20 million dollars, but an average Increase of i 4 million dollars. In addition there 1 shown an actual Increase in loauis Of . $13,650,000, which may or may not In dicate greater activity on the atocic exchange. i ' The principal figures of the week's statement ar as follows: Average figures ' Loans decrease $9,992,000 Demand deposits decrease . . 6,237,000 Time deposits decrease .... 115,000 Reserves Increase . . . 4,089,439 Actual figures Loans increase .$1$, 366.00 Net demand crease deposits de- 120,000 4.760,000 Time deposits Increase Reserves decrease . . . 20,207,470 ' Ticker Ooesip, Northern Pacifle gross earnings for May show increase of 61,893,000. National bank deposits have almost .doubled since 1910. Busi ness in Chicago at the present tima 1 breaks all records. Reserve banks say money is gi owing- firm. Money Kates Hot Higher Tetv It looks as If It will be fall time before the money rates respond to the predic-. tlon that they will be higher. The rates of the current week indicate a softness in the market The range of rates for the week wai as follows: I New York Hmand loans were not as firm as in tlie preceding week. The highest rate wn 3V4 per cent on Fri day. The ruling rate 2K per cent all week except on Monday. Time loans ranged 3i for 60 days early in toe weekbut dropped to 8U 34 on Friday; for 90 days the rate was 3V434 per cent for six months paper, wtille the rate went up to 3 94 4? 4 per cent It dropped to 34 on Friday. Mercantile paper, for best names, ruled at 3 4 Q 34. Portland Time loans and eommeir- ' clal dlscountn, 6jp8 per cent, New York exchange $1 premium. Seattle Time loans and commercial dlscotints 68 per cent; New York ex change $1.25 premium. San Francisco TSme loans and com mercial discounts 4-40 6 per cent. Sight drafts, 1 cent, telegraphic transfers, 3 cents. " ' lixchange on London, at New York, remained st $4.70. ' Bar silver was KllgrrfTy higher, rang ing from 66 to 06 4, dropping to 66 on Friday. Mexican dollars closed on Friday at 60 centB. Rediscount rates on the federal re serve bank at San Francisco remained unchanged. The fol'owlng are" the rates at the given maturities: Commercial paper, 1-10 days, 8 per cent; 11-30 days. 34 per cent; 31-450 days, 4 per cent; 61-90 days,. 4'per cent. Agricultural and livestock paper, 91 days to six months' maturity, 6 4 per cent. Trade acceptances. 1-10 days, 8' per oent; 31-60 days. 3 per cent; H-90 days, 3 4 Ppr cent. Commodity pajr, 1-30 days, 8 4 Pr cent; 31-fiO days, 4 per cent; 61-90 44ays, 4 4 per cent; 91 days-sli. months, 5 per cent. Bankers' acceptances, 2 to 4 per cent. two days of this week and ordered de stroyed. "Jobbers attribute the Infection of the cars after Inspection In California to the rapid work of the tuber moth. The eggs are laid on spuds In tho fields at night, and develop while tie' potatoes arc In tranmlt. Invisible to the eye, and the work of destruction not having begun. Inspector Rhodes has approved the cars. The state law is rigorous in regard to Inspection for tuber nioTh on account of its destruct ive nature arid rapUtsspread. Once a field Is stricken Tffi h tbe pest, it Is worthless for potato growing for seven years, the length of time re quired In Washington soli to bring about the' extinction of the moth." . In the meantime little is being done to protect Oregon potato fields. Wool Feels Effect of Mexican Situation, Demand for Soldiers' Blankets and Uniforms Excites Prices for Best Grades. Boston, Mass , July l. The Mexican situation has resulted In a new boom in wools. Tne demand for blankets and uniforms for United States soldiers, coupled with the demand abroad, has resulted in considerable speculation at advancing prices. Bcoured pulled and low wools are principally Involved. Bostonlans have paid the highest prices of the season In Montana. Pulled B. supers have touched 70 cents. One house reports sales of 300,000 pounds domestic wool at 80 cents clean for fine and fine medium, 6 cents for half blood staple and 82 cents for three eighths blood. In all about l.OOO.ooy pounds domestic has changed hands, fine stable running as high as 7. Australian clothing sc ureds have brought 75 to SO cent for the best combing lots. HnstOnisjl have bought about Z.uoo.noo pounds of the Texas clip at scoured value ranging from 7o to 78 cents. They have paid 34 cents for Montana clips. For the Andrun Mo itana clip 33 4 cents was paid. Oregon prices have been too high for local dealers. Heavy meri nos from Argentine are offered here at 78 to 80 cents, clean, snd from Chile at 70 cents. Arrivals during the week were 2..S78.118 pounds domestic and 3,047.452 pounds foreign. New York Sugar and Coffee. New York, Jula t. flu tar Ontrlfufal, Sfl.ao. Coffee-Spot New York No. T Bloa. 4e; No. 4 Santos,. lOVjc. Liverpool Cash Wheat. Liverpool. July It N. 8.) -Wheat Soot No. 1 Manitoba. 10s 2d; No. 2 red westers winter. 9a (d Overbeck & Cooke Co. Stocks, Bonds Cotton, Grain. Etc DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Chicago Board of Trade' Correspondents of Logan A Hraa Chicago. New York. 814U317 Board of Trade SailtUag. , e : t , ...