WHEAT PROSPECTS AT
VALLA ILIA, WASH,
ENCOURAGE Fi
Weather Ideal for Filling; Heads
Believed Crop, Heretofore "Sick,"
Will Be Average Little Selling
Some Fear of North Hot Winds
' Walla Walla, Wash.. July 8. Not
Since the corning wheat crop of the
Walla Walla valley was put in the
around ha them been a week of mora
Favorable weather than that Just end-
ad. Without exception tha days wr
Ideal for tha filling" of the heads,
and farmers generally are murh more
optlmiatlo than they were a abort time
ago.
Temperature have been low for thU
season of the year, while an occasional
shower and cloudy conditions during
the early portion of the week nerved
to offset, to a great extent, tha effects
of tha unseasonably hot weather of fte
middle of June. il
Predictions now are freely rricie
mat me tis Harvest win l aisusi
an arerati oni that tha nunlltv of t he
fraln will lie fully uu to the WJlla
Valla standard, and that the' expecta
tions of wheat growers generally will
be realised.
There Is but one fear now, and that
la the danger of hot north wlndn.
(Should these occur at this time, while
the wheat Is In the "dough," It is be
lieved great damage would be done.
But with another week or ten days of
weather such an has prevailed during
the paat ten days, It la said the crop
would be beyond danger.
farmers Kenerally are making pre
parations for beginning their harvest
Operations. Threshing outfits and
combined harvesters are being put in
condition for the annual run, while
many of he more extensive wheat
growers are picking their crews. It lit
expected harvesting will be started at
the usual time, and as unusual weath
er conditions have prevailed for the
past year, the growers plan to make a
whirlwind finish In order that their
grain may be housed before there is
possibility of an early wet period.
Locally, the wheat market has been
quiet during the past week. There
have been no salen worthy of mention,
holders of the 1915 crop still being
firm In their decision to wait for high
er quotations. Prices that have pre
vailed during the week have shown
little change from figures of the past
several weeks.
Stock Market Dull
And Uninteresting
New York, July 8. (U. P.) The
New York.Kvenlng Bun's financial re
View said today:
All indications at the opening of
the stock market today foreshadowed
a typical mid-summer half holiday
aeksion. The attendance of brokers on
the floor and of customers In the of
fices was noticeably light and there
was nothing in the overnight new to
modify the uncertainty surrounding
munition shares and specialties, or to
furnish the market with a new specu
lative Impulse.
Variable tendencies marKea tne gen-
?ral list at the opening but the first
rregulftr prices were out slightly
changed tn either direction. Standard
rails were lntepsely dull and Inclined
to heaviness, and pressure was di
rected against the munition Issues and
specialties.
As the session progressed the weak
ness among conspicuous officials of
the war order tvpe was accentuated
and losses ranging from 1 to 3 points
occurred,
Profenslonal selling pressure relaxed
In the closing half of the session and
prices hardened a trifle.
1 Tortland Grnln Markets.
Jul delivery Bid.
Wheat Mtiestera 0
PortyfoM M
Club -
fed Fife W
Red Russian S3
ft No 1 white feed 2lN
Parley No. 1 feed 27oo
Bmn
Fhort 27(K)
San Francisco
Los Angeles
(Without Change En Routs)
The Big,
glean,
omfortabla,
Xlagaatly appointed
fl
$U
in
$ 7
EA-Of3niO BTXAKSHir
BEAVER
ails frera Atnaworth Doek
ST, HL, July 11.
lDO Oolaesi Kllee ea
Columbia River.
4U Rates Inolude
? or tha and atsala.
able and Service
PaelosUed.
The Baa rranolaco A Portland B. 8. Co.,
Third ead Waahlngtoa Streets (with 0-W.
4. a M. Ce.) Tel. Broadway 4600, A-C1S1.
SAVE
TIMS I
BCoamTi
Portland $20.00)
to an VCXsatM
San Francisco $17.50) EZTBAI
Ttmrlst, sis aad fiaoj 3rd class, as.
I Bpeclal moaad Trip rare $32.
Wheals and berth included
i 'teams Express Xreares ti30 A. M.
TmsnpAT. TKUXaOAT. SATTXBSAT
Trom Baa I ran Cisco 10i30 A. K.
txcxst ornens. en aws htaxx.
rd ft Morrison Wortliera Pacific By.
S48 Wasoingtoa Stv area Vox. Mj.
Largest Baipg
tTmeq.oelea Bertioe
ALASKA
EXCURSIONS
Yia
S.S.Spokane,Julyl4-26.Aug.7
S, S. City of Seattle, July 8-20
CALIFORNIA
Tla Seattle or Baa Francisoo
to Zos Angeles and Baa Diego.
Low rates, including berth and meals.
For full particulars, apply or phone
TIOXXT OTTZOS,
r B4B "WABHXMCrTOH BTBEET.
. rao. Mala S3 9, Homo A-saas.
fans direct ro
SAN FRANCISCO
LOS ANGELES SAN DIEGO
I nmday, July . ltto . X.
laa graaoisoe, erdaad a Lee angelee
Steamship Ce, gaaak BeUaaa, agast,
IS THXgD STRUT. . A-46. ataia Ml
RMERS
GOVERNMENT REPORT
NOT AFFECT THE
CHICAGO WHEAT PIT
Bear Made Trade Idttle Shaky
After First Hour 'Corn Sales
Availing Further Maturity of the
Crop Oats Steady.
Chicago, July 8. (L N. H.) Contrary to
past performance, tbe wheat market today
opened steady to firm la the face of a re
cently Issued government report that tbe tra1
construed as slightly bearish. It la generally
customary for tUe market to fall off sym
pathetically after the announcement of tbe
government figures and today's market was
somewhat of a surprhe.
Irregularities net iu, however, after tbe
flrat boiir and although abaorution was of a
good- order, prices reflected the pressure. The
gi-TtrniDeut report on wheat was about as ex
pected, hut tb lieu r a today pat much stress
on lb fact that farm reaerves allowed ao
Urge.
'ibe corn report Is about a atand-off and
In line with general expectations, but consid
ered mora la Ten able to tbe bear side consid
ering the present condition of domestic mar
kets and the foreign situation.
Oata today averaged about steady to yes
terday's closing levels, and no substantial busi
ness was reported. The report on this grain
vt as considered as anything but favorable to
the buu side or the market.
Following are today's opening grain prices:
Wheat July $1.03 V; September, $1.03;
Itocember, SI. 00.
Ooru July 77 Vic; Septeinbar, T4fte Decem
ber, 02 Y,c.
Gets July 3eftc; September, Ssfte; Decem
ber, euftc.
VYHttAT
Open. High. Low. Close.
July 103 i.i HlH 103 lOttftA
9It lOfift IKIft luo, 109
lec 109 113 108 1HH
COUN
July 77 TS 78 77-
Sept. 74ft J4 van, 745
1C -"s' bd4k Wft KB
OATS
July BS 4ft 88T4 89 A
Sept. Mft 88 SO-.
l-ec. 40ft 4lft 40 41ftB
July 2.VW N
Sept. ....107 2407 2430 24S7
LARD
July 1327 182? 1322 1S27 A
Sept. 1340 ltMO ISoS 1340 A
IUBS v
tuly 1375 137o 1370 1.170 A
Sept. 1376 1377 1370 1372 A
JOllHIXG TRICES OF PORTLAND
These prlcea are thoea at which wholesalers
sell tu retaiiars, except aa otherwise stated:
Daisy Produoe.
BUTTER Creaury printa, axtraa. 2e;
prime (lrsts, 27c; firsts, Mc; cubea, extras,
2&Uf2Wc; prima rirsta, 24 V4di-4')c; tirsia,
24c: Mconls 23Mc; dairy UutaiZic.
BUTThiRKAT I'ortluhd daiivory No. 1 aour
creau, 2(K'; No. 2, 22c.
fcXiUS SeltliiB prli-e: Helerted. fresh, 25e
case cuuut. buying price, Oregon ranch, 22U'Hc
UvXt-n; uruiuary i auuuu. i-ic.
L1VK 1'UULTUl' Uvua, heavy, Plymouth
Rock, 14'tl4 Vsc; ordluary chickens, 14U14c
slugs, luc; brullers, insist; lurkejrs, !(,-;:
dreseed, taucy ,M(gi lv ; culls. llaxoc: pig
eons, I l.OO'ftl.-i; uabs, Z.0() duaea; geese,
live, luullc: old. huioc; l'ekln ducks, old.
13i lh.; Jumig oud u.avy, lOmltk-; iwilau
Hiuiners. lie lb.
Lllli.l'..Sli. eelllug prlre: Fresh Oregon tancy
full criaiu twius and triplets, .0 7o lb.;
luutig America, lhc per lb. frice to lubbers
t'litti, lSiC; Youug Amerlea, 17c lb., f. o. b. :
cream brick, 21c; L,liulur(er, 2lc; YVlacoueiii
wheel. Skic; bkek Bwlns, 26c.
Iruite -nd . sasubles.
KRIiSFl iU, ITS oranges, Valsnclas, 3.ft0
U4.UU box: bauauus, 4 i4Vic lb.; lemons
i j0.Uu box, talitornia grapefruit, $2.M't
J ll"; plutun, f 1 OU(ii 1 li box; caiilaloupex,
z.TsraJ. ih crate: watermelons,
ii'i.c;
peaches, IKK-'ul; urnguu early Hales, 0O'S,ic;
Calliurnla cherries, exilic; currani, $11.25
BLltKllCS -8tra berries. l.Ui,1.7&; gooe
berries, dac lb.; raspberries, $l.otal.
per flats; lugauburriea, uoc; blackcaps. 11.50.
Art'LJka Liucai, eoi(ai.ov per box, accora
luu to quality.
ON IONS New red. J.oun,;i.ao per-cental.
1'OTA'IOKS Sailing price: Local, $lJi5a
l.&O; bulna nricr. ti.zudil.i per cental: new
California, eXOi'-ov; new local, si.7ba2.oo.
Vttilii ABLtS Turnips, ZiQ dosen buucbea;
carrots, 2&c; paraiilps. 25c duseu buuebee;
Oregon cabbage, $2.b0 per cel.; green onions,
lie dozen bunches; peppeis, California, Wc;
head lettuce, local, wJc doxen; celery, $1.5
doxen; cauliflower, California, (1.16 dosuu;
srench artiihokes, bOc; aapaiagus, local, 70c
per doaen bunches; hU.oue cucumbers, 75c
4tl.aiJ duseu; touiatoea, Aiarysvlile, Cai., tl.UO
Ul.50 box; Mississippi, l-25 crate; eastern
'lexaa, Z-7S crate; eg plant, 7(al0e; string
beuua, 7c lb.; aplnacn, bOtjtioe box; rhubarb.
lVntac lb.; pea., t4c lb.
Meats, risa anu Froriaioaa.
DRtttHtu MKA'i"S Selling price: Country
killed fancy hugs, iOe; poor. 8e9e; fancy
vaels, lli(ijlc; ordinary, W(flaHc; gnats,
Sdsc lb.; muttuo. SkAloe lb.; spring iamb,
12c lb.
HAMS AND BACON 8 to 10 lbs., 18Vc;
10 to U lb.. 10c lb.: 12 to 14 lbs., lQfec lb. ;
14 to 10 lbs., ltWc lb.; la to 22 lbs., l(c lb.
Ol'STUUS Olyuipla, pel gallon, W, canned
eastern, UOc can, 47.20 doe.; eastern In shell,
tl.t3 per 100; rasur elanis, '2:jC duzea; east
ern ovalers, per gallon, vlid (lack. J.
HSjil Uressed flounders, 7c; Chinook sal
mon, 12c pr lb.; perch, 7tf8o; lobsters, SOc;
silver smelt, be; salmon trout, ltic lb.; hali
but, 10(al2c; black base, 7iio lb. aiiau,
dressed, ic lb. ; stuigeoc. 13c.
CitAiJb Large. C1.7&; urdiam. S1.2S dosea.
LARO aiarcea, kettle rendered. 14ic; aiaa
dard, 14a.
Orocenes.
SUGAR Cube, $:i powdered, 183; fruit
er berry, $8.4; Uoaoluiu, s.40; beet, 8-itf;
dry granulated, 18.46; 1 yellow. 7.a3. (Above
uuotatlona are 3o daya act caah.)
UUNaf-New, Aj.aa.oo per case.
KlCKVlapen style. ii, 44c: New Or
leans, bead, 6AVic; blue rose, 5Vc
SALT Coarse, half grounds, loos, $10. SO per
ton; 60s, $11.); table dairy, 60s. 16.0t);
UUs, lo.o0; bales, 12. 2i; lump rock. a ton.
BICANS guotatiuna nominal: Small white,
tU; large white, 12; pink. AS.7J; Umaa,
i.26; baou, $8.75; led, JS.Z5.
Uopa, Wool and Hidee.
HOPS Nominal, buying price, 1918 crop,
choice, 10c; prime. HteWfec; medium to prime,
bayc ib.
WOOL 181 dipt Willamette valley, coarse
Cotswold, 80c; medium Jhropshlre, 82 3.1c;
fine, 8UQ82c; eaatera Oregon, staple, 2uQ
85c lb.; coarse and medium, 28432c lb.
Ul BUS Salted hide. 2i lba. and up, ITc;
felted stags, 60 lbs, end up, 12c; salted kip,
15 lbs. to 25 lbs., ITc; salted calf, up to 13
lba., 2&c; green hldea, 25 lba. and up, 15c;
graea stags, 60 lba. and up, Ala: s;reea kip,
la lba. to 25 lbs., 17; green ealf, up to is
lbs., 3c; dry flint bides, 2Uc; dry flint calf,
up to I lbs., Slci dry aait hldea, 2&c; dry
boraebldes, each, 7oc to 11.50; salt borsahldas,
each, (tt te 84; horsehair, 2Uc; dry king wool
llta, 21c; dry abort wool pelts, 17c; dry abaep
ahearlluga, each 10c to 25c; aalted keep
shearlings, each, 16 to Uc
tallow o. l. c; no. 2, ie; grease,
6C
lh.
H1TTIM OR CASCARA BARK. Bnvlne
price, per w wu, uua cr mhs,
'MOHAIR lBld, 8530e lb.
SISAL Dark. lSc lb; white, 18 He IK
Faints and Oils.
COAX OIL Water white, la drams and iron
barrela, 10c.
LINSEED OIL Raw, bbls., 81c gsllon: ket
tle boiled, bbls., 84c; raw, eaae, 0c: boiled,
esse, esc faL; lots of 250 gaUoas lo leas,
TUttFBA'llJili Tgnka. 61c; caaea, 04c gal-
WBITB LEAD Ton lota. 10-Tie lb.; 500 lb.
iota, lie; less lots, 11 He per lb,
1 I ( JlT TAJU" II -1 ulu int.. II
OIL UKAL Carload lota, )3a, iaas than carl
lets. g3&.50. .
Seattle Produce.
Seattle, July 8. (U. P. ) Onions Aus
tralian, 4e; yellow California. 8c; red Cali
fornia, 12.60; green Walla Walla. 20c; green
kx-al, 25c.
PotatoesNew California, 8c; white, 3S;
Yakima Bnrbanke, 80; Yakima Gems, $80;
new, per pound, 2Hc
Batter Native Waahlngtoa creamery, brick,
SBcj do. aoUd pack, 29c
Ctsaae Domestic wheel. 82e; ltaabarger, 22
23c: Oregon triplets, 17c; Wisconsin trip
lets, lswt do. twins, like; Yeung America,
32c pound.
Eggs Select ranch. Sc.
Eggs Pouitoy Wanted
Ws Pari HOGS, Be, 1. 10e per lh.1 VXAX
No. 1, ll2He per lb. 1
9. 1 jax.A a, seery, t0
freak ease oount, lid
14o per Is, t E'
uua.
sxo per cos. we waax au your proauoa.
Highest market prices gaaraateed. Vo eom
mission oheiged. Checks mailed daily. - THK
SAVIN A3. CO., tSC, beat aad Stark, Pert-
laad.'' 0s.''
E CRISIS Li
UP TO DISTRACTION
STOCK SPECULATORS
If Strike Averted Rail Blay Have
Unprecedented Boom England
Becoming Independent United
States.
New York. July 8. (I. N. 8.) Cross
currents continue la 'the stock market today.
Industrial readjustment was augmented by
further advances by the allies and ibe war
stock showed considerable liquidation.
The rail issues felled to bold ae much epec
ulatlve attention as la markets of the past
10 days and the labor situation waa cited aa
the cause for the temporary lull. It waa
argued today that some of the moat prom
inent Wall street Interests made scads of
money on the war babies and dumped them
last fall, have been accumulating tha stand
ard rails and that If the present wage crisis
la successfully passed, thorn stocks should
see an unprecedented upward movement.
There Is little question about England's
present attitude toward this country in regard
to war orders. Tbe great industrial reaourcee
of that country are now being exercised fully
and with her successes In the field, Englaod
la asaumlng an independent position.
Tbe idcomotlve issues ware heavily pressed
today.
Copper stocks continued weak, principally
on account of the poor raw metal market. In
the past few days there has been a decidedly
weak turn to the market and the demand has
shown little Improvement. Anaconda and Butte
were most active and both were off.
The ateel stocks were slightly Irregular end
Crucible Bold down to active trading.
In tha first boor tb total aalea amounted
to M.8O0 shares.
Range of New York prlcea furnished by
OTerbeck A Cooke Co... 218-217 Board of Trade
building:
Ien I Hlli I Low I Ho
Alaska Gold
Allis Chalmers, e
AJila Oi aimers, pfd...
American Beet Sugar. .
American Can, c
American Can, pfd ... .
American Car Fdy., c.
American Cotton Oil, c
A merit an Linseed, c...
American Linseed, pfd.
American Loco., e
American Smelter, e. . .
American ttmelter, pf.
American Sugar, e. . . .
American TeL A Tel...
A uerlca a Woolen, c...
Anscouda Mining Co...
Atchison, c
Atchlnon, pfd
Baldwin Loco., e. .....
Baltimore A Ohio, e. ..
Bethlehem titeeJ. e
18
JU
74
uStt
&4
'ti
17
22
78
93
68
22
T4K;
64
62H
22
78
62g
ti"
110
62
64
20
45
64
es
44
60
94 H
63
S4
t)4Vi
liovi
111
44,
82
106
'H
111
111
111
128
120
44 Va
81
44
81
82 Vi
105
106
106
nova
00
N
88
80 Vi
68 V4
89
447 Vs
447
114
i444Vs
Butte A Superior....
OS
63
U
21
iso' '
66
'2
18
88
85
20
52
Brooklyn Rspld Transit ...
Calif. Petroleum, e
21H
21 V
iso'.
62
18
'08V4
'48'
4
Cdllf. Petroleum, pfd..
Canadian Pacific
Central Leather, c
Central Leather, pfd...
Chesapeake a Ohio....
Chicago a Ot. W., e. ..
Chicago a Ot. W., pfd.
Chicago. M. a St. P ..
Chicago A N. W.. c
Cblno Copper
Colorado a I., e. ...
Consolidated Oaa
Com Products, c
Corn Producta, pfd
Crucible Steel, e
Crucible Steel, pfd
L. a K. Ci . e
I), a R. O., pfd
Distillers
Brie, c
Erie, 1st pfd.
General Electrlo
General Motors
Goodrich Rubber
O. Northern Ore Lands.
O. Northern, pfd
Oreene-Cananea
II UU a Leather, c
Hide a Leather, pfd. . .
Ira Securities
Illinois Central
Industrial Alcohol.....
Inspiration
1804
6H
180
bt
'62H
IS
110
62
13
86
8W
120
'484
48
44 Vi
'iiii
'io
'iiii
8S&4
44
86 'A
44
1S4V4
144
14
90
70U
'to
87
114
15
85
44
8
3
44 V4
as
M Vs
64
467
4M
75
75
75
88
no H
6H
86
86
116
11
40
40
10
cs
aa
109
12s
129
blVi
61
17
61
International Harvester
113
Interboro. c.
"Vi
17
IT
Id terboro, pf
Kan. City Southern, e.
14
Z3
70:
79
Lackawanna Steel 70
70
80
70
Lehigh vauey mi
80
Louis, at rasnviiie.... iss
138
103
133
13.1
Mexican Petroleum . . ... 102V4
102
1JJ
Mis ml Copper'. 84
84
47
84
'47"
7
'fi"
16
123"
84
M.. K. a c,.
Kennecott Copper I 47
47
7
Missouri Pacific I TVs
1
65 "
National Biscuit I...
National Lead I 6
120
64
16
61
129
104
26
Nevada Consolidated.. 16
1
New Haven
New York Air Brake.. 131
181
New York Central. .. .1044
104
ii
114
104
n. i .. o. a w
Norfolk a Western, o. 1314
fii
Northern Psclfio 114V
114
114
Psciflc Mall
20
PrnnSTlvanla Railway 67
67
07
101
Poooles Oas.
I'ltuourg uoai, e as
28
''
''
'22
ii"
J2"
26
ii3
28
102
90
Plttahur Ooal. rf .
P. Steel Car, c 48
46
I Steel Car. pf.
Ray Coos. Copper 224
22
Hallway Steel apnnga...
Readlna. c 100
100
Reading, lat pf...
Reading, 2d pf....
43
45
45
nevuvuv a. mm D., v.,
nepuuuo a. mm
Rock Island
10R
22
2
Sha track
XI
i
Sears, JLoetmck m Co
StudebAer, e
187
154
185
186
Studebaker. pf
Sloes Sheffield ...
.'108
'45
8
46
98
46
98
South era Pacific.....
Southern Railway, e.
Southern Railway, pf
Tenn, Copper
Texas 011
Texas Padflo
Third Avenue
24
108
12
66
189
68
'88 ii
77 Vi
40
'm!
46
24
69
84
198
iv1
139
68
86"
77
40
24
84 v
193
124
66
tnloa Pacific, e
V. S. Rubber, o
U. 8, Rubber, pf
V. S. Steel Co., c...
Utah Copper
Virginia Chemical, e. .
W. U. Telecraph. . .
63
100
86
86
77
40Vi
e''
46
u
94
66
4ft
138
Weatlnrhouse Electric
WUconaln Central.
Wool worth
Total aalee 151.100 shares.
Ban Francisco Produce.
San Francleco, CaL, July 8. (TJ, P.) Bat
ter ExUi as c; prime nrsn, zoo; nna,
24c.
Earcs Extras 28e; pullets. 23o
Cbeaae Oalitornia fancy. 14e; firsts,
13 Ue.
Wheat Per cental. California elub. 81.60Q
1.66; ditto white Australian, ei.uvisi.rm;
ditto blnestam. 81.62V411.67: ditto Sonora
l.iai.70: northern (to arrivei club. SI. 72
(21.75; ditto blueetein, 11.851.87; ditto
Turkey red, $1.87ial-2; ditto red Bus-
slun, fl.TOl.7g.
Barley Per cental, choice feed, 11. ESQ
1.87; shipping and brewing. $1.43Q14S.
Oats Per cental, red feed, $1.87. No. 1
northern white. tl.671.60.
Potatoes Per cental, new crop. Deltas,
S1.60tf:1.7S la boxes end sacks; No. 2 stock
lnwer Laa Aneelea. 82.60.
rniinna Par cental. Auatrallans 82.50AS.00
new crop red. (2.25 per bag; ditto yellow,
f2.002.25.
Seattle livestock.
SeattleWash.. July 8. (P. N. S.)
Hogs Receipts szo, mantel strong;.
Prima llEhta J8.78: medium to cnoice,
tHRoagfiO: amootb heavies. 17.&0&
8.2; rough heavies. $7.007.7S; piga.
17 60 0 8.25.
Oattle Receipts 11. market steady.
Best steers, J7.607.7B; medium 10
choice, 17.08 1&1.2 ; common to me
dium. Z5.Z6GP6.2&: test cows, is.zaicr
.75; common to medium oowa. $3.25
5.75; bulla. 3.504.50; calves, $7.00
08.60.
Sheep R e c 1 p t s none, market
steady. Lambs. I7.607.7&: yearlin g8
$6.25 06.60; ewea, 6.00 W b.50
Grain Receipts,
-Osn
Wheat Barley. Fir. Oats. Hay,
Portland. Sat.. S .... 4 6
Year aao 7 16 8
Tota.1 thla week S3 7 St 43 10
Tear ago....... 100 6 25 IS 28
Season to date.. 8 7 '89 1 17
Tear age 179 S 84 21 88
Taoomta. lri. . . . 7
QOMS
Year ago 7 . .... 1 7
Season to date. . 43 .... 4 1
Year age. 10S 10 .... 6 X7
Beattle. TrU... 11 1 14
Year age..,.. .... 10 1 10
Seesoe to date.. 149 1 SS IS 81
Year .,,v..W. ,..-. ! .
7,00,000
SWINE A
W ARE KILLED.BY
1, IS REPORT
Enough for 40 Pounds Pork to
Each Family Cattle Produc
tion Increasing 61,441,000 Head
in Sight January 1.
Washington. July 8. That meat
production has not kept pace with the
increase in population, and that its
failure to do so. combined with In
creased cost of production and dim
inished purchasing power of tne
money unit, has contributed to higher
prices not only In the United States
out ail over the world, is mated in
Part I of the exhaustive report on
the meat situation in the preparation
of which specialists of the United
States department of agriculture have
been engaged for some time. This
country, it is said, is participating in
a world-wide movement, and it la not
expected that the situation will under
go any radical change in the immedi
ate future. On the other hand. It is
believed that there will be a gradual
growth and expansion In the world's
production of beef, mutton and pork
wnicn may or may not eaual the rate
Of increase of the meat eating popu
lation. Expansion Begun Bene.
In America this rradual expansion
appears to have begun already. Be
tween 1SU7 and mii there was a
marked decline in the number of cattle
in the country, but in the last two
years this has not only stopped but
has given way to a perceptible in
crease. The estimated number on
farms and ranges on January 1, 1916,
61,441, Ouo, is, however, still much
below the corresponding figure for
1907, 72,634,000. With the exception
of temporary checks due to losses
from hog cholera, there has been in
recent years a persistent Increase
in the production of swine. On Janu
ary 1, 1916, the number in the coun
try waa estimated at 6 8,000.00 0 as
compared with 68,200,00 In 4pril,
1910. On the other hand, the number
of sheep declined during this period
from oz. 000, 000 in 1910 to 49,zoo,uoo in
191 6. as the decrease, however, is not
suffioient to offset the increase In
cattle and swine, it may be eaid that
tne total proaucuon or meat in me
United titates is Increasing, but that
this increase Is not yet proportionate
to the growth in population.
ins available supply of meat would
be much greater If it were not for the
enormous losses caused by disease and
exposure. Since 1900 It is estimated
that from 1,100,000 to 1,475,000 cattle
have died each year from disease, and
A A AAA 1 r. 1 1 , , AAA v
.,1,1, v v v, v v v iv, x,uvv,vvv iium cA
POSUre. With sheep, the losses from
disease have been about the same, but
from exposure much larger.
with swine tne relative prevalence of
hog cholera is perhaos the determin
ing factor in the annual loss. In 1884
tnis was as low as 2,200,000, out in
1914 It amounted to 7.000.000. If
these 7,000,000 hogs had been saved, it
is said, tney would nave produce?
enough meat to furnish every family
in tne united states with 40 pounas
of pork.
a-meaicans Eat Hues Heat.
Despite these facts the United
States remains the greatest meat . eat
ing as well as the greatest meat pro
ducing nation In the world. Approxi
mately twice as mucn meat is con
sumed in this country as in Germany
before the war, and the total normal
consumption in Russia, Oreat Britain
and France Is less than In German'.
The per capita consumption is also
iar greater in una country tnan any
where else with the exception of Aus
tralia and New Zealand,
Our own exports now consist largely
of pork and pork products, and these
are derived to a great extent from
corn. In the fiscal years 1914 and
191S we Imported more fresh, chilled
and frozen beef and mutton than we
exported, and more beef of all de
scriptions was imported in 1914, than
was exported. In this limited respect
we have joined the great majority.
Practically the whole of the world a
export trade in meat is maintained by
nine countries Argentina. Australia.
Canada, Denmark. Mexico (under nor
mal conditions) New Zealand, the
United states and Lruguay.
AMERICAN LIVESTOCK PRICES
Chicago. July 8. (1. N. S.) Hoars Becetots
11,000, market strong, 5 to 10c abore yester
day's arerage. Bolk, 89.S510.lO; light. 88-60
ttio.tto; beary. .oogGiu.i roosa. S0.SO4I
9.65; pigs, 8.159.60.
Uertie tieoeipts zuw. market steady. Na
tive beef cattle. 87.801311 JO: western steers,
86.209.40; stock era and feeders, 85.60dt8.63;
cows and nelfers, 83.759.76; calrea, $SM9
Sheen Receipts 5000. market steady. Weth
ers, ti.5O&0.80; lambs, 87.60(8 10.86.
Denver. Oolo.. Jnly 8. Oartle Recelots SOO.
market steady. Beef steers, 8S252.eT: cows
eud belters. 85.5u8Ji5; atookers and feed
ers, 86.504(,7.25; calves, $3.0010.00.
Hogs Receipts 600, mrrket strong to high
er. Top, 8.7iH; bulk, 89.65(89.77.
s&ecp ueceipts louo. market ateaoy. xear-
ltaga. 87.254S7.75; lajnbe, 10.00tU-00; ewes,
86.O0a6.6O.
Kansas Oity, Jnly 8. (1. N. R.) Bon Re-
etlpts 800, market higher. Bulk, 89.85 IO.IOj
heavy, s1u.10411u.10; Deckers aad batchers,
S9.S0&1O.1O; light, $9.75010.00; plga, 89.23
us t tie Beeeipta 100, mciuainar 00 arntnerai
market steady. Prime fed eteers, llOJUs
11 .00; dressed beer steers, gs.009 10.OO; west.
era steers, 87.00al0.20: stock era and feeders,
8.7C8.25; bulls, 86.757.60; calves. 84.60
11.ua
Sheen Receipts none, market steady. Lambs.
89.50ai0.75; yearlings. 87.60S8.26; wethers,
866037.Gvi ewes, 8d.267.10.
Omaha. July 8. (L N. S.) Hon BeeeiDts
9600, market higher. Heavy, $S.70tt9-&5;
light. 89.00O9.75; pigs. 88-26429.25: hoik.
8u.e6fl9.7B.
Cattle KoeelDts BOO. market ateedr. Native.
steers, ST.26Q 10.60; cows and heifers, 80-25
Cgs.zo; weaLsra steers, e.zoi.iK; Texas
s leers, 87.008.00; stackers sad feeders, $6JS
e.&u.
Sheep Receipts 100; market steady; year
Unas. 80.7508.00: wethers. S6.50&27.5O:
lambs, 89-7010.66.
St. Dbela July 8. (1. N. 8.) Hoars Re
ceipts 4000, market lower. Pigs and lights,
8S.768I10.U): mixed ana butchers, sg.uutt
10.20; good heavy, 810.10910.20; balk, 89.90
01U.1O.
Csttle Receipts 600, market steady. Retire
beef steers, $7.5011.30; yearling steers and
heifers, 88.M10.65; cows, $3.5068.25; stock,
era and feeders, 85.608.50; southern steers,
$5,604x9.90: prime yearling steers sod belfera,
$8.76l0-25; cows and heifers, $5.008.00;
prime eontbera steers, 89Q10; satire calvee,
$8.00 4112.00.
Sheep Receipts 400. market steady. Weth
ers. $6.008.00; clipped ewes, 84-008.00;
clipped lambs. $8.00ai0.00; spring Iambs,
$7.0ottlO-75.
Foreign Market Summary.
(Furnished by Ovtrbeck Cooke Co., 218-21T
Boara 01 -iTaee nmiaing.)
Llvexoool wheat market dull bet ateadv.
with light American ahipiuenta, la indicated by
Braoetreers orrseiiing government report.
Soot steady, unchanged, with t fair demand.
and Manitoba a steady. Cargo market steady,
witters nnchanked. alanitobaa. 144 dearer.
with fair demand and Increasing deanad for
new winters. '
Atlantic freights are inclined to be easier.
Native offers lighter and arrivals smaller.
India and Australia holding steady. Corn
market steady, with ammunition aad plates
both steady. Spot market steady. Plates ex
hausted and ammunition higher, with parcel
acarket steady ana sold at 3d advance.
8tocka light and floating Quantity limited
The government report is construed as bear
ish, particularly IB (arm reserves and with
new winters moving. "and tbe general demand
limited, it is reasonable to expect moderate
orices.
Westers Btorope weather is generally eeM.
wet and very nnseaeonaoie.
Italy Semi-official reports place the
yield of wheat at 1B3,ODO,OUO beshela, against
168.000.000 last rsu.
Boomsnla Beater's cable says the wheat
harvest la mostly nnuaed.
Private report say that large purchases
have been made by me central powers.
NeV York Sugar and Coffee.
New Tort. July 8. Sugar, centrifugal,
86.27.
Coffee pt Hew Tee Ble Wo. ; T, r ;
CHOLEIW
KITCHENER'S GREAT
WORK WAS FINISHED
BEFORE HIS DEATH
Late British Chieftain Raised
Largest Voluntary Army in
the World.
HIGH TRIBUTE IS PAID
His Ability to TJtUlg to tha Utmost th
Vatioa'g Xesonrceg ig rally
Appreciated.
London. July 8. (I. N. S.) Lord
Kitchener died, but his two enormous
tasks were finished.
First, he raised the largest voluntary
army ever seen in the history of the
world much larger than the previous
record, that of the north in the Ameri
can Civil war.
Second, he guided a great nation
from a voluntary to a compulsory army
system in time of a great war. This,
the Germans had confidently predicted,
could not be done. In particular, they
believed a resort to universal servlo
would wreck the British empire and re
sult in internal war.
While Lloyd-George, Lord Derby,
Premier Asqulth and a host of others
had a hand in these two great taks,
the main burden was Kitchener's. His
was the brain which solved the largest
problem of organization the world has
ever known his the personality which
stood like a rock to strengthen the mass
of the empire.
Lord Kitchener died Just as his work
was done. Partial compulsion was In
troduced last January, and several
months later general compulsion be
came a fact.
JTatlon la Anna,
Henceforth the British army becomes
an army on the continental model for
the purposes and for the duration of
this war. Great Britain, like its allies
and like its enemies. Is a nation In
arms. It la a most astonishing feat,
and only the British national genius
for self-depreciation conceals the mag
nificence of the achievement. And the
glory is mostly Kitchener's.
To show the Immensity of the Brit
ish effort. It is necessary to recall Pre
mier Aequlth'a statement In the house
of commons, May 2. He said that in
August. 1914, the army consisted of 26
divisions, of which 6 were regulars, 14
territorials and 8 others in garrison
overseas. In May, 1916, th,e 26 di
visions had grown to 83, which did not
Include the Indian troops.
But this does not show by half the
actual effort. Eighty-three divisions,
each representing from 20,000 to 26,000
men, mean altogether 1,660.000 to
2,076.000 men. But Great Britain's
total "naval and military effort." said
Mr. Asqulth, was 8,000,000 men. The
other 8,000,009, besides the 83 divisions.
represented the navy, the wastage of
war, but mostly the vast hosts Just"
about to finish their organization.
It is in thr great labor of organiza
tion that Kitchener's task consisted.
This is hard for a civilian to visualize.
Every division consists of its proper
quota of Infantry, mounted Infantry
and artillery field, howitzer and heavy
of engineers, army service corps and
army medical corps. The staffs of each
must be complete. The whole must be
a perfeot whole, an army in miniature.
Tbe labor entailed tn creating these
new formations, to say nothing of
equipping and training them and bring
ing them up to the required standard,
can hardly be conceived.
We speak of raising 1,000,000 or
July Crop Report
For United States
Washington. D. a. July 7. 116.
A summary of the July crop report
for the state of Oregon and for the
United States, as compiled by the bu
reau of crop estimates (and transmit
ted through the weather bureau), U.
a. department of agriculture, is as
follows:
Winter Wheat.
Btate July 1 forecast. 11.600.000
bushels: production last year (final
estimate), 16.200,000 bushels.
fnitea states juiv 1 forecast, 4,
000,000 bushels; production, last year
tiinai estimate), boo.ih&.uuu Dusneis.
Spring Wheat.
Btate July 1 forecast, 3.900.000
bushels; production last year (final
estimate), s,sz&,000 bushels.
united States July 1 forecast. 270.-
000,000 bushels; production last year
(final estimate), $56,460,000 bushels.
Oats.
Btate July 1 forecast. 13.000.000
bushels: nroduction last year (final
estimate), 16,060,000 bushels.
united Mtates July 1 zorecasi,
1,320,000,000 bushels; production last
year (final estimate), 1,640,362, 0uu
bushels.
Barley.
State July 1 forecast. 4.2E0.000
bushels; production last year (final
estimate), 4,680.000 bushels.
united states July 1 torecast. zue.-
000,000 bushels; production last year
(final estimate). Z37.oo.0OO buahel.
Potatoea.
State July 1 forecast 6.140.000
bushels; production last year (final
estimate), 6, 520.000 bushels.
United States July 1 forecast, 360.
006,000 bushels; production last year
(final estimate), Boa.ios.uuo bushels.
Hay.
Stated July 1 condition 87. com
pared with the eight year average of
91, . ' . ...
United States July 1 condition 91 4.
compared with the eight-year average
of 82.2.
Pasture.
State July 1 condition 92. compared
with the 10 year average of 95.
United states juiy 1 condition 7.7,
compared with the 10 year average of
85.7.
Apples.
State July 1 forecast. 1.070.000 bar
rels; production last vear (final esti
mate). 1.043,000 barrels.
United states juiy 1 iorecast, 12,-
500,000 barrels; production last year
(final estimate), 76,670,000 barrels.
Prices.
The first price given below Is the
average on July 1 this year, and the
second, the average on July 1 last
vear
State Wheat. 32 and 89 cents per
buchel. Corn, 80 and 85. Oats, 42 and
43. Potatoes. 82 and 102. nay, 11.40
and $8.30 per ton. Eggs, 23 and 20
cents oer doaen.
United States Wheat 92.9 and 102.8
cents Der bushel. Corn. 75.4 and 77.7
cents. Oats, 40.5 and 46.7 cents. Po
tatoes. 101 and 62.1 cents. Ha v. 312.10
and 111.70 per ton. Eggs, 19,7 and
16.8 cents per dozen. Cotton, 12.6 and
8.6 cents per pound.
German Waiter Landed.
London, July 8. (L N. S.) "Die
Woche." the German magazine, con
tains an article praising the German
waiter who. according to the writer,
"has been at work in all parts of
the world for many decades, gaining
valuable knowledge of other coun
tries, their languages, manners, cus
toms and business." This Is taken
tier aa an admission that many Ger
man waiters weresplea, v
, f7 , , .
2,000.000 men. Tnlsf Is a relatively easy
matter, compared with the task of or
ganizing them into new divisions ready
to take the field! ,
Kitchener bad Utile O build on. not
much more than the United States
would have now. On January 1, 1914,
the British regular army consisted of
156,110 men In the British Isles and In
tbe colonies, 78,476 men in India, 146,
756 men in the army reserve, and 63,
089 in the special reserve a total of
444.431 regulars. Adding the territori
als (which closely parallel the Ameri
can National Guard), 251,706 men, we
have a grand total of 696,137 men.
But when war broke out, only 136,000
regulars, combatant and non-combatant,
were in the British isles, wisjs the
reserves, which bad! to be mobilised to
bring tbe regular battalions up to war
strength. The territorials were not ex
pected to be ready for active service
until they had had further weeks and
months of continuous training. There
might also be Included tbe national re
serve, 217,680 strong, of older time-expired
men, of whom about 80,000 men
at once Joined the colors on the dec
laration of war. ;
It was out of the regulars and the re
serves that the expeditionary force was
formed which left England, under Sir
John French, 80,000 strong, and fought
in the defeat at Mens and the victory
at the Marne.
Getting at the matter from another
angle, we see agalo the Immensity of
the British effort under Kitchener.
Since the war began, 120,000 new com
missions have been issued. In August,
1914, tbe entire corps of officers con
sisted, in round numbers, ot 13,000 reg
ulars and 10,000 territorials, or 23,000
In all. The number of commissioned
officers has Increased about six-fold.
The military authorities were faced
with a colossal task in the summer of
1914, the. when news came of the defi
nite failure of the original French of
fensive, which necessitated the peril
ous retreat of thevBriUsh army from
Mons, the anxieties at Whitehall may
well have been almost overwhelming.
For at a single stroke all Idea must
have vanished of limiting the British
military contribution to the mainten
ance of 160,000 men in France. Great
Britain had to throw in all that she
possibly could, and to do so she must
raise armies as never before in her
long history.
There was only one man who could
do it. There was only one man whom
the country would have trusted to do
It- That man was Lord Kitchener.
Called to the war of Pin.
The nation called him to tbe war of
fice. He went there on August 6, and
the very next day parliament sanc
tioned the addition of 600,000 men to
the regular establishment, and Kitch
ener issued his flrat appeal tor 100,000
recruits. That wag all he could handle
until he had bis facilities for training
and equipment in order.
There was a magio in the name of
Lord Kitchener all through that won
derful autumn of 1914, when the mar
tial spirit of England, Scotland, Wales
and Ireland was stirred from its long
slumber. He had the complete confi
dence of the government and the un
questioning obedience of the entire peo
ple. If at any moment down to the battle
of the Marne, when the tide of retreat
was stayed and the Germans were
thrown back to the Alsne, Lord Kitch
ener had appealed to the country to ac
cept compulsory service, there are
those who think that it would have
been .accepted without serious demur.
Lord Kitchener did not ask for com
pulsion. Recruits were rolling in mag
nificently. The pressing difficulty of
the moment was not shortness of num.
bars, but inadequacy of military equip
ment in every shape and rorm. The
work in every department of the war
office suddenly Increased, and not by
arithmetical progression merely.
On November 15, 1914, Premier As-
dulth asked parliament for a second
million men, and said that 700,000 re
cruits had joined, not including terri
torials. But in the winter months that
followed, recruiting! slackened. Volun
tary service had raised 2,000,000 men-
more than was thought probable before
the war. But it was causing disagree
able complications. The martial en
thuslasm which swept men out of the
mines, the railways, the engineering
shops, the chemical works, ought to
nave been controlled by the state.
In March, 1916, came the disillusion.
lng British offensive at Neuve Gha-
pelle. .Then followed the great scandal
of tne shortage in high explosive sheila.
Some blamed Kitchener. But now it is
eeen that bis hands were busy with a
thousand and one ether tasks, and the
guilt was not hla Indeed, it was not
that of a man, but of a situation. It is
a marvel that the British nation did
not fail In more Ways, ratiber than in
fewer.
The shell shortage resulted In the
fall of the Liberal government and the
coalition government was formed.
Kitchener remained, the bulwark ai
ways.
national Register xs Taken.
Then came the national register, the
great census of every man of military
age in the British isles. Jt showed
plenty of men left. Lord Darby was
appointed to recruit them. His cam
paign resulted in the "attesting" of a
laj-ge proportion of all possible re
cruits. But It was not; quite enough. The
people began to se that the patriotic
majority waa favoring the less patri
otic minority. The trade unionists
stood out for voluntary service for a
long time, until in a last meeting they
patriotically declared that, while not
approving the compulsory principle.
they would do . nothing further to op
pose It
Then, finally, Britain stood forth in
her full strength. Every male between
the ages of 18 and 41 years was de
clared subject to service, unless ex
cused for conscientious objections
physical disability , or because needed
elsewhere.
"If there is one man more than an
other wiho kept cool and collected
through all these anxious months, and
in spite of all difficulties went on
building up tbe splendid fabric whose
foundations be laid with such foresight
it was Lord Kitchener. ,
He wrought wonder. No armies
were1 ever so well supplied with food
with equipment and stores 'of every
kind. No armies; were ever better at
tended, none have lost so few men from
sickness and dlsea.se. The hospital and
nursing arrangements have been as
pear perfect as Care and forethought
could secure, and all this la part of
Lord Kitchener's organization.
In March, 191S; Bonsr Law used the
following remarkable words: '
"We are creating to meet the needs
of this war, armies which, even from
the point of view; of numbers, can com
pare with continental armies new in
the field.
"That is a great conception.1 I wish
to say, speaking for myself, that
think that the conception is due largely
to one man, and that If it had been left
to statesmen on either bench, the prob
ability Is that we would. Indeed, have
attempted to keep up our expeditionary
force and that we should have tried to
add to our territorials, but I hardly
think that this great idea of utilising
to the utmost tb)e fun resources of the
country would, have been carried out.'
That tribute is as true today as It
wo.ai then I . .
Iiverpool Grain Market.
LiveraooL J air . I. w. g.1 WhestNe.
11 spot VlaoHobs 10s lOd; Net X 10s Sdj .,
2 red westers winter. 10s ed., v
Ceraapet Amertcaa jslxed sew, 9s lOd,
finance; industry
andtrade reviewed
Relative Condition of Eastern Baal.
nees Crood. According to the sum
maries of the mercantile agencies for
the week, business continues at a high
rate 61 speed considering the time of
year. Manufacturers are pressed wltit
business, but new orders are not com
ing in with as much frequency, la-
stead of closing down, as is customary
at this time of year, many plants will
continue through the season, or if they
do shut down it will be for much brief
er periods than usual. This is the be
tween seasons and vacation period and
ordinarily business is light. The con
ditions still continue to surpass all
previous records as to volume and out
put. Stock "exchange Salting. The situ
ation in tbe stock exchange seems to
be characterized by the following sum
mary: "The current strength of money
and the reported disposition of in
terior banks to withdraw balances
from the east has acted somewhat as
restraint among interests commit
ted to the long side of the stock list.
The long account in the industrials
will be contracted before there will be
another enduring rise."
Bradatreet'S' Report Tells of Im
proved Business Conditions. The
summary of local business conditions
as of July 1, furnished by the local
branch of the agency for publication
in the Bradstreet's of July 8 at New
York city, is as follows:
"Wholesale and retail dry goods.
clothing, boots and shoes and men S
furnishings show a slight Improvement
for the first six months of the year
over a year ago in the aggregate. There
are individual instances of large In
creases and also oecnnes in enier-v
prises, but on the whole there seems
little doubt that an increase is In evi
dence. Furniture and carpets show
little ehange. Buildings show more
activity than for some time past. re
mand for lumber has fallen off and
mills are again curtailing output. Bank
clearings are $10,405,667 ahead of the
first six months of 4ast year.
The automobile business has made
marked progress. At the stockyards
June was a lively month and receipts
for first half of year show nearly 64,-
000 head increase over previous year
Wool sales have ended. Seventy-five
per cent of Oregon clip has been sold
and an active season Is over. About
3.000,000 pounds have been shipped on
consignment to Portland warehouses
to be disposed of later. A large por
tion of the grain crop was diverted
east by rail. Local receipts for sea
son lust closed are 18,605,800 bushels
Tonnage scarcity accounts for tne de
crease in arrivals. Crops: Spring and
fall wheat have made satisfactory
Drosrress. Some dealers estimated
gain of 25 per cent in crop, due to
rains and cooler weather. Garden truck
looks well. Apples, prunes and apri
cots are also doing well. Collections
fair."
Bui's Review lays Business "Volume
Za X.axg-e. Tke biweekly trade report
lsaued bv thePortlend branch of tun
& Co., setting- forth conditions as of
July 1, and published In Dun's Review
for July 8, is as follows:
Wholesale and retail Business in
backward in some lines, but the aggre
gate volume of trade is large, as
shown by June bank clearings of $47,-
622,008, which compares with
662.209 In June-last year. Tbe ex
changes for the past month were the
largest for any Jons, except in 1913,
in the history of the Portland clearing
house. For the first half of tne year
a gain of 5.6 per oent over the same
period Is recorded.
Copious rains over the entire reel no
Northwest during the past week have
been of vast benefit to eereSl and
orchard crops and have increased the
optimism of all agricultural sections.
Wheat crops estimates in the three
states have been raised 16 to 20 per
cent by reason of the timely rainfall.
Grain experts now predict a crop of
65,000,000 to 60.000.000 bushels or
wheat in Oregon, Washington, and
Idaho with 10,000,000 bushels carried
over from the last crop. The wheat
movement has been restricted lately
by the scarcity of tonnage. Shipments
from Portland in June were jreu.ouu
bushels, and for the cereal year 1916
16, Just ended, 9,622,206 bushels, as
compared with 16.076,710 bushels In
the preceding year.
Flour shipments in June were 8I.1&0
barrels, while a total of 886,610 bar
rels were dispatched in the season, as
against 973.810 barrels last season.
Total barley exports for theear were
7,847,308 bushels and oats exports
were 83.699 bushels. Because of the
extensive rail shipments eastward in
the past season, local grain receipts
were lighter. Wheat arrivals were
10,466 cars, compared with 16.630 cars
in the preceding season and 16,789
cars two years ago.
The lumber movement by water nasi
been further reduced by the longshore
men's strike, and only 4,630,000 feet
were dispatched in June, the smallest
month's shipment slnoe August, 1907.
The livestock trade of the Portland
stockyards continues to expand. June
receipts were 618 cars, a gain of 61
cars. For the first elx months of
1916, 3180 ears were received, com
pared with 8029 oars In the first half
of . 1915. In that period the largest
gain waa in hog receipts with an in
crease of nearly 64,000 head.
The last of the publlo wool sales In
Oregon has been held and about 76
per cent of the clip has been disposed
of. Of the unsold portion 8,000.000
pounds have been consigned to Port
land warehouses to be held for later
sale, and the remainder is in scattered
lots, in country warehouses. All the
good wool has passed out of grower's
Good Cherry Crop
At yalla Walla, Wn,
Yield Lighter Than 1915 Big
Berry Harvest Tets Do
ing Exterminated.
Walla Walla, Wash.. July a Cherry grew
en of tbe Walla Wafts valley Jost sow are
in tbe midst of their annual bstveet. Wits
the return of clear, warm weather, the fruit
has ripened rapidly, and It was found that
Obmparatlvely little dsmag was dene by the
showers of tbe last week la June.
AU varieties are cs the market la plentiful
quantities, bet ss tbe yield this year prom
ises to be somewhat amallsr than nenal, prices
are holding Hip well, 'it demand is geed.
Estimates from the lower pert of the val
ley are that the. crop will be from six to 10
carloads short of last year's output, thla
belog made by eaatera purchasers of the fro It,
which Is shipped is barrels for tbe siasafae.
tar ef maraschino.
blackberries, loganberries, blaekkeaps aad
raspberries now are being h arrested la this
section also, and in rpite of tbe cool, back
v ard spring, there Is s big crop. There Is as an
uses 1 demand this year (of tbe smalls f re Its
Urn carmine, ae housewives look for a short
age of pesebes and peers which, la former
I ears, have beenefavorites daring the etaniog
aeason. Cherries also are ia great demand
with the -beuaewives this year, even more so
than nans I.
I Tbe f!gh against e&gat tad ether orchard
pests Is being conducted wlthoet a break by
tbe horticulturists C this section, aad It Is
w Scuitaristt ec this aeow aad It is
1 hoped the fire blight aaa be wholly era die t-
ed. : In seme 08 the eosmefcUl ercbards tbl
"ii
hands. Prices ranged up to 2( cents '
for fine wool and 32 cents for medium
grade.
The bulk of the small fruit has been'
marketed with the last part of tt ,
somewhat injured by rain. Prospects
for apples and other fall fruits art '
exceptionally good
The hop crbp has also Improved, but''. '
there is yet no demand for contracts.
The real estate market Is quiet and '
building construction la also, slow,-'
although more active than last year.
Permits Issued in June amounted to "
$979,116, and for the first six months
of the year, $2,912,316 as against 8
648,855 in the first half of 1916.
Postal receipts in June passed the
$106,000 mark and for the first half,
year were 6 per cent larger thon lor
the same period last year.
Coast Sank Clearings Compared.
Owing to the fact, that the week end- v
ed yesterday included the Fourth of
July holiday, while the corresponding
week of' last year had six days In ItV
comparisons of the bank clearings for.
the latest week and the corresponding
week of last year cannot be made with,
fairness. Notwithstanding the faot.
however, of the week having but five
business days, Portland, Spokane and
San Francisco of the six principal -cities
on the Pacific coast, showed,
heavier clearings than for the week
immediately preceding.
The totals for the week ended July
8 are as follows:
Portland $10,713,080
Seattle 18,088.88
Tacoma 2,335,87
Bpoaane 4,466,845
San Francisco
64,233,673
Los Angeles 20,824,543
Baa Pranoisoo Bank Oains Oola
Only minor changes are noticeable la
the statement of the Twelfth district
federal reserve bank showing its op
erations for the week ended July 7.
It has added $414,000 to Its gold re
serves, $84,000 to its commercial re-'
discounts, $351,000 to Its municipal
warrants, $1,262,000 to its member
bank deposits and $326,000 to its gov
ernment deposits. '
The principal items in the statement
now stand: '
Gold in own vaults
In gold settlement fund.,
Total gold reserves
Commercial rediscounts.,
Hank acceptances ,
United States bonds....,
Municipal warrants
Federal reserve notes...,
Total earning assets....
Capital Dald in
$6,826,000
8,ftr,3,0O
.16,300,000
632.000.
6,267,000
3.609.000T
2,062,000
7.974,000
12,490,006
8,933,000
Denoslts net mumlur hunks ! 722 flftO
Deposits, government 6.608,000"
Total resources 33,178,000''
Hew Tork Bank Reserves Again'
Drop Heavily. Tho report of the .NOW
Tork clearing house member bsnks
for the latest week shows a drop in
reserves of more than $44,000,000 In
the operations of five days. A great
many loans were evidently called.
The detailed figures are as follows:
Averaee, f leu res
Loans decreased
Iemand deposits decrease
Time deposits increase ...
.$ 6,7,001
, 62,226,00
. 2,766,000
. 44.364,690
ueserves decrease
Actual fl euros
Loans decrease $38,772,000
Demand deposits decrease . 97,946,000
Time deposits decrease .... 1,681,000
Reserves decrease 86,747,888
Money Market Indicates trengtlv-
There were certain fluctuations in the
New Tork money market which lndlt
csted strength and a tendency to 1
general increase in rates. Call money
went up to 4Vi. The rise was un
doubtedly due to the falling reserves
of the banks and the calling of loans. '
For time paper, ho weaver, the reaction
shown was not especially vigorous.
The following Is a review of ths'.
rates prevailing for the week ended
Friday: .'
New Tork. Following tbe holiday
recess demand rates showed great,
firmness and Friday closed wlththt
high rate of 44 per cent, the highest
quotation since last fall. On Monday
the high rates for call money were 314
per cent, and the low and ruling rates
3 per cent. On Friday the high rate
was 4Vi per cent, end the low and
ruling rate 4 per cent. Tn commercial '
paper dealings, for choice names, the
rate was 3 H 2P 8 4 per cent all week.
Time loans varied from S-n to 8 fot
60 days, practically the same rate for.
60 days and up to 444 for six.
months loans.
Tortland Time loans and commer
cial discounts. 6(9 8 per cent, New York
exchange $1 premium,
Seattle Time loan" and commercial
discounts 6 2 8 per cent; New York ex
change l. zb premium.
San Francisco Time loans and com
mercial discounts 4 6 per cent. Slfht
drafts, 1 cent, telegrsphlo transfers, t
cents.
Exchange on London, at New Tork,
remained at $4.75 all week. Francs
closed on Saturday at' $6.90 and
marks at "Zc. Market was dull snd
steady. ,
Bar silver dropped from 65c on Moi
dsy to 62 e on Friday.
Mexican dollars closed on Friday st
48 cents. - 1
Rediscount rates on ths federal tt
serve bank at San Francisco remained
unchanged. The following are ths
rates at tbe given maturities:
Commercial paper, 1-10 days, 8 per
cent; 11-80 days, 8V4 per cent; 81-80
days, 4 per cent; 61-90 days, 4 pef
cent.
Agricultural and livestock paper, 91
days to six months' maturity, 6 per
cent.
Trade acceptances, 1-10 days, t per
cent; 81-60 days, 3 per cent; 61-90
days, 3Vi per cent.
Commodity paper, 1-30 days, per
cent; 31-60 days, 4 per cent; 11-99
days, 4 per cent; 91 days-six months,
6 per cent.
Bankers' acceptances, 2 to 4 per cent.
disease appeared aaew s short time age, sreev
ing that all of tbe infected trees bad sot
bees properly treated during tbe eless-ap
campaign ef early spring. The grow era gen
erally seem disponed to cooperate witb tbe
officials in tbe effort 'jo alamo eat the in
fection. The regnlatlons srslnst the market.
Ing of tnfeeted frnlt are being rigidly ea
fuced this year and this action ia ei peeled
to bare e great luflamce for cleaner orch
ards. '
When writing or ealllug n advertisers, please
mention Tbe Jrmrnat. (ACf.)
Overbeck
k& Cooke Co.
Stocks. Bonds
Cotton. Grain. Etc
DIRECT BRIVATE
WIRES TO ALL
EXCHANGES
Members Chics go Beard of Trad
Correspondents of Logan A Syraa
, Chicago. Xew Vers.
aia-217 Stasia ei Trade BaUdfibg.