' - 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 ,
...