The Oregon daily journal. (Portland, Or.) 1902-1972, August 13, 1916, Image 29

The Oregon daily journal., August 13, 1916, Page 29, Image 29

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, AUGUST 13, 1916. FOREIGN MS ADVANCES IN WHEAT EXTREME Everywhere Enormous Itiae Are Shown in- Cereal Quotation on Account of Thrilling Demand Coarse Grains Higher. The extreme advances In the price Of wheat ut all world s centers for the wfk was but a reflection of the extraordinary miucacuiatlou of tho trade soma time ago regarding the probable crop arid tho carryover from last season. The wheat tradn seems to hnve been fooling Itaplf regarding the supplies of wheat; at least tho rank and file of tha trade was in tt.aJt position. Even some of the Isadora have been hon estly ml nled by conditions ho that few were really prepared for the extraor dinary advances that have been forced of late. European advices fully confirm the previous forecast! In The Journal re- farding their greater requirements of orelirn wheat than a year ar:o. Kru'- land, France. Spain and Italy are all clamoring for supplies and the bidding la aggressive at all points. While Germany's needs are not mentioned In this regard, there is a very strong probability that Home of tho subma rines will he used to carry flour at least to that country. In view of the extreme advances that have been made hero In the price of wheat recently, as well as the fact that sharp advances have been forced .elsewhere. It would not be surprising if temporary ie lines lu value are shown within the near future. Coarse grains shared tlie advances in the wheat market, during the week and all cental 9 are higher. Millstuffs ar naturally weaker and lower with greater milling operations. FLOUR- .Selllnir price: 1'utert. $!; Willam ette vallev, .Vol": ,.rn strata-lit. $.V40H.,.i: bakers' local, JS.Mht 7.4'.) : Montuns spring wheat, 7.4'; ixnorin $'.H)(r.:;o; ii.,ie wheat. .'A; arobaiu, $U.0o; rye flour. JC.HO per barrel. HAY Rutin price, new crop: Willamette alley tlniotliv, fan. -j, $ll!'it 14. .V; eusterti Oreg-on Idiilio fsney I niotli y . Jl'd-"; alfalfn, 14ft(14.M; vuiley retch. $1 1'al l.oO; client, JlfKftlo.r.o, clever, $H't 10 I ." toil. UUAIN RACKS'-I'Jltl nominal: N. 1 Til. cutlaa. 1 1 ' U H o -a curlota, les amounts r lilihir Mil I-STI Ti'S Sellh.c price: Brun, $24.50; abort. $-c,.,',i) ,,t (.in. Ftol.I.r.I) ui.S J.',..,fi(r(rt pr barrel. Merchants Lul-Iiui,.;,? A, must bids: Siil. i-il. Tbur. Wed. Tues Men. I'.Hil. Hlneirtem.. 1 . ! 7 Vi 1.17 1.17 1.1 1.12 1'2 Fortvfold.. !.!.'. 1 ll'i 1 l't I "- 1 -' 1 Club 1 12 1 1-1 a 1 11 I '" 11 1 l."fl Red fife .. l.U U. Buaalan 1.13 1.1! I ll 1 lo l.i'i'j l.'itl 1 2 1.10 LOU l.J'a l.tS Feed 26 7.0 rs ti L'i no 27.7 3 27.75 27 BO ha ni.r'i . Tr 2100 X.! it. oo 2S 25 28 00 Future were ni- t 1 r Wlll'.AT. Bid. .1 174, . 1.1.'. . 1 12 . 1.15 .1.13 . .2S 00 . $20.00 September b!n-tem B-pteuil.er for t v f . .1.1 Septein'b'r club , . . . . Bepteuilr red fife heptt'rnur Huaaiau .- yi.Kl) DATS, beptember fi:ki maki.mv. SeptenilM r Klickitat Wheat Is of Good Quality, but the Yield Is Short Ooldendale. Witsh.. Am;. !.- Ilar vpst I :' the wheat crop In th.c Klick itat :i.. v. which h is been ile'.ived by extreme ool wither lausing the grain ' lipen very slowly, is now uii.b" : .'.! h.a.lwav. Winter and spung ore . .let.ttolis were -ry u :: :':i' "urn ble, I,,.; !,. heavy minf.ill In luco and Jiuv :urned tiia pinpect of tic first crop t'tiiluro la 3 i e.n of grain gr.. tng Into a crop thai, will yi Id accord ing to pre-lnrvest esilu.ites at least 60 per cent "f nil average crop In tho Klickitat valley mr (he last 10 ytars 1 0 Repbrts from Mmh rrairie. The hwalc No. . ri.'B'-iatit VaiVy, ;ood:.oe Hills. SnndaJe, Roosevelt and K-istern Klick itat llidlcale t.iat the croi In some fields -Is very thl.i. caus.-d hy failure of the Kralii to stoul out on the ground last spring but the heads are well filled and the grain will bo of excel- AT WORLD'S CENTERS Growers in the, Tlickletnn section profited mora t' tho late rainfall th.n other sections of Klickitat, tllUCn moi o JUini an '-'i:' 'u , v . . . . I . J . . t- r, . ut,,,. u,1 ,m' t T 11 ' spring grain, wnicu gives piumise 01 fine vield and will bring the crop nearly up lo aa average ior easieru Klickitat. Local buvers are offering to make contracts for new crop wheat at $1 per bushel, but very few contracts have teen made around Goldendale. It is estimated that about 10 per cent of the 1915 crop In the Klickitat valley Is still In the hands of the growers and none of the old crop has been marketed on the recent rise. County Commissioner Prank W. Sanders, who has a warehouse at Alderdale, reports that he has contracted for the pur chase of several thousand bags on new crop grain from eastern Klickitat growers at $1.01 per bushel for blue stem, fortyfotd $1.03 and club $1.00. Grain bags are quoted at 12c. The new farmers' elevator at Centervllle will be ready to handle the new crop as soon s threshing starts. TVtien writing or rnllhig; pleaao mention Tlie Jo-ht. r. !. advertiser,, (Adv.) TILVNSI'OKTAT.OX FASTEST ROUTE TO CALIFORNIA Saves Timet and Money Portland $20.03 f mg to and San Francisco $17.50; exiras Touriit, $15 and $12.60; 3d clan, $8. 30 - ' Sajr Sound Trip $32. from Portland and aa Willamette Valley Faint on 0SEG0N ELECTRIC HALLWAY MEALS AND BERTH INCLUDED. Steamer Expreaa Leave, 9:30 A. H. 3 TUESDAY. THURSDAY, BATtTEBAT. TICKET OFFICES Morth Bank, Fifta and Stark. Third and Morrison. N. P. By. SIS Wa.huifton. O. N. Ry. Largest Shipa TJnequaled Service ALASKA EXCURSIONS Via S. S. Spokana, JuNr 26, Ausr. 7-19. 5. S. City of Seattle, July 20. Aug. 1 and 14. CALIFORNIA Via Baattle or Baa Franclseo to Iios Angeles and San Dlero. Low rates. Including berth and meala For full particulars, apply or phone - B4t WASH3WOTOW STJMBET." v Taclflo Mala 889. Kom A-aaS3. lent uuau 1 . .ii,.i, i.i, DEMAND NW YORK MARKET E( IN THE DAY'S TRADE Trade Is Active Only In Spots, With Initial Heavy Transactions in Heading Traders Inclined to Cover During the Session, New York, Aug. 12. (U. P.) The New York Kvenlng Hun's financial re view today said: 1'rice movements exhibited great Ir regularity with the trading active in Jbp-ots only. Heavy initial dealing were reported in Heading, which ope.. at a email advance from Friday's cb.s lnt and then sold down a half poin.. Traders were Inclined to cover in man parts of the list and to a great extent th general movement represented lit tle beyond adjustments of speculative accounts Incident to tho end or the W'tek. Steel sold off a fraction and the cop pers were firm, buying of the latter be IiiK encouraged by the reports of large foreign Inquiries In the market for cop per metal. Profit taking was in evi dence in the munition shares, but sales were well absorbed. Transactions in copper In the last hour were active on advancing range of prices, marked Improvement being recorded by rhino. Anaconda, Tennes see Copper, Utah and Inspiration. Ranee of New York prtcee furnished r,y Ov.'nrlt & Cook Co., 21&217 Board of Trad, r-i.lldiii. ! MTl,i.,n lOpenlHlKh I.q clone Aluta Gold ' Allla Chalmers, c A Ilia Chalmers, pfd... American Beet Suagr. American Can, c American Can. pfd.... American Car Kdy.. c. J7V, 23 17 17W 2 j 2S TOVi! 77t 7tjU 77 W eSLj! pAVjI KS 87 57 , W W I 'ill M h 5S"h! .'."'a American Cotton Oil, c American Linseed, c... American Loco., c... Ainerleaa Smeller, c. . American Smelter, pjfl. American Suar, c Am. Tel. & T,l Atnerli'in Woolen, c. Anucmida Mining Co.. Atd. Inon, c. Atchison, pfd Baldwin Lueo.. c h&ldwln Loco., pfd... Baltlmnre & Ohio. c. . Befblebem Hteel. c. . . . Butte Superior llrooltlyn H. Transit.. Calif. Petroleum, c... I i'' 72 72V, i 721., i 9'4 .... 11014 72 I ' 130 V4; 130 'rtVirfitU 4.) 102 BSt4 72i 10B sa 440 18V 47 17.1 14 81 H lojlt.iuavsioii I I 73V4 74V4 72 fcovil'Mvi 'sa" 444 1444 444 .1 oom B8V4 can . 4Vai S4H( S4V4 :r:::: :::::!::::: Calif. Petroleum, pfd Canadian Pacific .,17fl 176 17.V Central Leather, c... Lentrul latlier. pfd.. Ciiesajieake i. Ohio....' C. A .;. V., c C & (J. Y . pM ....jlll 1 m .... 12- 13 i c ., m. A St. i' r.s! tiv; 5'i, jwv 4H',i :.oW f', (At 41-! 44 : 44 I 44 1 i:'.'." i:!:in'1.'ihu, 14 i 14 I 13. 13 ' I , S' 70'-j 70;, 70 I 70V, nuv-j ne'.jjUOM, nvy Clilno Co, p. r Colo. Find A Iron, c ("'iiaolldatel Cas Corn productH. Cxrn l'rvductt.. pfd.... Crucible Sue!, c (. rnellile riteel, pfd...,. I). II. O., c 1. & K 0., pfd 1 'KtllWi Krle. N- Krle. 1st pfd Uenenil Kh'Oi.-ic (,eneral .M lora ioolrl. h liulil'er . N ., re 1 j litis 1 1 ren r N'or t l.crn. pfd . . Greene Caujiica Hide Ji 1-at lii'i". c. . . . Ili.lc ii L. utlier, pfd. . Ice S'c'urltlfb illhiuis Cenlrnl IniluMriMl Alcohol . . . Inspiration Int. HarTeater pcerboi1. r 1 i:le;irt, pfd h. C. Southern, c. .. l.iokawanna Steel ... I-lilKli ull.-j- 1. N M.'v!c;.u I'etp.heum .. M'.au.l n.ppsr Kenne..tt topper ... Mo. 1'ucira- Natlorml l'ad Nevada t'tisolidatd. New Haven N. Y. Air Brake N. V Central N. V.. V. iV V Norfolk i W. c. ... Nortlcrn Pacific .... '!' 1., S3 4, 4d ! 3'i, 4C 3t)T, 4-H 451., 30 U Sil? ..." 53 KM .V0 580 72Vi 72 71'Vi ....! .WU IIS 45 I 4.', IO I 10 iwv r.t- 2-Si.., 28 va 4.'.; 10 4.", -4 10 r.7 Kt 10l'.til01VilOl 101 PKiUjillI) 1109 IIOH1, 4UV 5o7 ic'il'ie'vii 114 10V Kl'-a I 73 2I', 7o 78 120 ''. .4 'If'. It" . ti." 17'U 58 V 134 V 71VJ-Vii 71 1 j 7 :s . 34 V 4'.i V 4S 4 Vm ! 4 1 5 n:, is j 17; H4V, 4H 4V 05 17H i:ii . 1 :tti V4 135 .;io; lo, 104 1104 . : ' I . IS.)'; lltl-v, lL'".t,l-".C . till.. Ill V HOT H'17,, I , : I 10 . r.-i-t, .15 I 55 1 65 .101 '3 101Vi 101Va 10'Vi ! ; 101 I 49 61V 49 1 411 Pacific Mail Penna.i lvaiua Pfs.ple'a tiaa I'lttvbure Coal, c. . i 1'Utt.burK CV-al. pfd I Pr. Steel Car. e. . . . Bay Cona. Copper. . I liy. Sleel Spring. . 45'.; 46, 45 4., '., ; l. adlt.a;, 102',103V 10 IS' 101 Iulliiir. first, pra. . . j ( 40 t.',U 44 Va , .... I 42 47V 47 V 47V 47V 111 111 ,111 1H 18! 1S, 1S; 1SV 27V 3S ii . V t Z7 I 1W7 120 12aa,:lovilii I iioa 1 ii-auing. aeciaiu, uiu.. BepuMic 1. & s.; c.. K, k Inhiud St, at in, k S. ,rH ' Rarlnlcli & Co as t , ,aui... u .-r .i,m. . ao j,ra Slum Sheffield ... Southern Piicilie .. Southern Lt.v.. com. do jjfd Teun. topper Texas Oil 43 I's'i,; Bsv,i osv, 24'. 21V, 24 BSt, 24 6S 20! 261 25 2o laiVa ia iyiV4 191" ! Texas Pacific Tblrd Avenue Toledo, St. L. tc W.. c. I'nton Pacific, com... I nlon Pacific, pfd U. S. Rubber, com do pfd V. S. Steel Co.. pfd. . . 1'tah Copper Virginia cheai. com... Wen. inlon Tel YV em Inchouse Elec. ... Wisconsin Central .... Woolwcftu Cigur Mfr j. 11 V I B34 6 138 1139 Vi 13S 139 V4 82 Vi 6.1 lot) ss 79 62H; r.3 63 V l(a4lliraa;;i(ji J Ssa,l ST-". R7 80 SinZi 4o', 1 2iii f.sv.i 6S 1 j 6SVt 49 h, 49 135 V 130 V 4vi 4i 136 Vissvt 1 50 Total salts, 208,100 share. ininfrrn ni r-r-vra rn r r W NTER BLUESTEM GOOD iiuvik-ii fc in uuuu Walla Walla, Wah., Aug. 12. First reports on the winter bluestem being tried In Walla Walla county were brought here this week by C. M. .Kice, a prominent Eureka Flat farmer, vvho has Just harvested his aore of the ex perimental grain. Mr. Rice planted 83 pounds of seed on the acre, and it yielded 38 bushels. Other -varieties, beside it, were not nearly as good, spring bluestem mak ing 25 bushels and hybrid No. 63 25 bushels. The grain was brought here last fall by County Agriculturist O. V. Pattop, who secured ten bushels and divided It Into ten lots. The grain is a cross be- I tween turkey red and bluesterm, and rates as bluestem. "The result of the first test indi cates we have found a valuable winter wheat." said Mr. Patton today. "It is deceiving as to yield, and I believe it will prove a great thing for the dry land fartaers." Valley Wheat Is Late. Albany, Or., Aug. 12. The first wheat of tho season was brought to the city by J. B. Eurch and stored In the Red Crown Milling company's warehouse, -This Is the second time In 18 years that the first wheat has been brought to market so late. It generally comes the latter part of July, only once having come In In August. The grain brought In yesterday was of fine quality. Harvest crews are getting to work all over the country and threshing will be general In a short time. The threatening weather of the past two days has served to stimulate the efforts of the farnveTs to gtt their crdps harvested and Into girnarles at the earliest possible mo ment Goodwin Has Many Medals. . "Bud" Goodwin has been competing In swimming races 21 years. He has mors championships to his credit than any other amateur In this country and he haa on display In the New York Athletic club over 100 championship medals W IRREGULARITY FOR WHEAT IS BEST KNOWN- , BUSY DAYS! Sai r3s 1 1 Wool Is Quiet; But Price Firmer; Weather a Factor Condition of Mill Stocks and nigh Prices Also Affect Trad Ter ritory Wools Are Spotty. Tfloston, Mass., Aug. 12. Business cciitiiiui-s tU.ei in the local wool trade ami a temporary lull prevails in all l'l telsn mai :..t.s. Values are firm on ail grades of wool but loreign fa.nd do mestic. Tho weather, the .condition of mill stocks and the high prices ruling all are luctors in producing the pres ent quiet tone here. Much auiiety is expressed as to what action may be taken by the Brit ish authorities in regard to present em bargoes or the imposition of new ones. Further price advances are noted in fleeces with sales at the top quota tions. Tradlnsr in territory aools Is spotty. Some houses leport less activity and 1 others a. moderate increase in buying. tScotired values of territory wools are quotablo at about 85 to bu centa lor fine staple. Mon.ana and other wools ot the best grade being quotable at b8 to 90 cents. Half blood staple Is quotable at So to S7, three eights olood staple at SO to 82 cents, quarter blood staple at 70 to 75 cents. Great firmness has been developed in Ohio fleeces, 40 cents having been refused lor quarter blood combing. Receipts or wool for the week were domestic lu,513,i!54 pounds, foreign 626,373 pounds. SjWHEAT MOVEMENT GOOD Walla Walla. 'Wash., Aug. 12. Considerable activity has been shown during the week in the local wheat market. The advance Ln quotations was responsible for the transfer of approximately 2.000.000 bushels of the 1915 and 1916 crops. Many of the rrowers who had held all or a por- 1 tion of last year's wheat for the j dollar .offering have taken advantage 1 of the quotations of the last week, i I'nd as a result there is far less wheat ' 1 n storage now than for months. But labile tho dollar mark has tempted a I large percentage of the growers to nart with their wheat, there Is a cer tain element that calls for a higher price and until wheat Is quoted at $1.25' per bushel. the3e will not be in the market. Of the sales made during the past week, some were for prices 6llghtly in excess of the prevailing market figure. GOOD WHEAT AT MADRAS Madras, Or., Aug. 12. Great 'activ ity in the grain market has developed In thla Hpctinn In tha Bast 10 davs. ! Farmers have sold on contract about 80.000 bushels of new crop wheat at an average price of $1. The yield of frain gives promise of exceeding any ormer years for this section. Hiram Links reports that his grain is mak ing an average) yield of 35,000 bushels to the acpe. This Js about 10 bushels to the acre better than his estimates prior to beginning his -harvest. The quality of grain is the very best. The crop produced this year when the precipitation has been a little more than normal gives a slight Indi cation of the vasr transformation that will be witnessed when the great north unit irrigation district Is final ly put In operation. Litigation now stalls the wheels of progress, but in a few years this will be forgotten, and In the full realiza tion of the benefits accrued people will wonder how any sane man could ever have seriously opposed irrigation for this section of ths country. RAINS ARE OF BENEFIT Woodland, Wash., Aug. 12. This section was visited by copious rains, accompanied by vivid lightning and deafening thunder, this week. The rain, will be of immeasurable benefit to dairymen and farmers on the lands that were Inundated by the recent high waters, as It washed the deposit and sediment left by the receding waters. from the meadows and pastures, and will permit better pasture, assure rea sonable, clean crocs of fall hay. and benefit those parts of the valley that were not affected by, the overflow, as the lands bad fceg-an to get very dry. .... , , - ... ..- I- --T r-ifjj- : samrm aw r u m FOREIGN BUYERS ACTIVE WITH GOOD IT Liverpool Market Is Unchanged, But Call for Supplies Is Keen Frost in Canada Adds to Seri ousness of the Crop. Chicago, August 12. Liverpool wheat cables were unchanged, but the advices were that marktt was strong with buyers active. They report Ar gentine and Australia offerings more freely but unable to ship, as freight room is scarce. As muych as eight de grees frost was reported in Canada, with fairly scattered frost reports in Saskatchwan and Manitoba. Omaha wires that exporters were active there, but could give no figures The market was mostly an evening up affair over the holiday with trade again light. All offerings are read ily taken. A better demand for cash corn this morning and some severe damage re ports, which are a rehash of the pre vious session, tended to give the market a steady tone. A prominent commission house bought considerable December, and as trade Is light, the market Is readily affected. Oats have fluctuated to a moderate extent with corn. The advance was not an great, however, on account of, the anticipated large Increase 1n the visible supply Monday. This is due to large primary receipts and should have but a temporary depressing ef fect. Ranpe of Chicago rrlces farn!shrl hv rTer-be'-k & Oooke Co., 216-217 Board of Trade building. WHEAT. September December Mar .. 1.42'4 1 44 1 41H 1 4JI .. 1.46 1 47 1 44t 1.4AI, . 1.50 1.61H 3-49V; 1.50 CORN. September December May S3 .S4V4 .4 .70 V ."3 V, .48 .48 . . . . , u .uri ... .78 .75'., OATS. -, .. .43 .44 ... .46 .47V ... .49 ?, 50 V POKK. ...28.30 26.32 ...26.50 IS. 57 I,ARD. ...13.40 13.48 ...13.42 13.46 RIBS. 14.15 14.15 ...13.80 13.82 t.72 i75vt September December . . May T-50V, September 26 20 25.30 13 38 13.37 28.25 25 3 13 49 13.42 October . . ' September October .. 14.10 14.10 13.77 13.80 Bid. faak. PRUNE CROP VERY HEAVY Douglas county prune growers are lowering their estimates of the Druna crop for this season on account of the unprecedented July drop or natural thinning process. In some orchards rully Iilty per cent have faulted and fell to the ground, says trie Riddle Tribune. While this does not mean that the crop will only be fifty per cent of the crop, the extraordinary yield that was promised will not be'fully re alized in some orchards. In many in stances this will prove a blessing as the trees would have been overloaded, resulting In broken branches and too heavy a drain on the vitality of the trees. Some growers are taking the optimistic view that the prunes remain ing on the trees will be of a better sizj and quality, and that if there are few er prunes tha price will be proportion ately higher. Ixrwlands Grow Ensilage Crops. Vancouver, Wash., Aug. 12. Al though the river has been very slow In receding this season the farmers along the bottom are not discouraged, according to L. D. Shafer, a farmer three miles below Vancouver. Mr. Shafer already has corn planted for an ensilage crop, and will soon sow oats, alsike clover and timothy mixed for the same purpose. With a reasonably-late fall Mr. Shafer expects to have about the usual amount of fodder for Ills diary herd. , , WHE DEMAND Foreign Wool Is Held Firmer With Higher Quotation Sales in Europe Are Advanced I v Again Government rises Price for English Clip. A mail advice from Bradford. Eng land, says: During the first week of : London sales values moved still high-er for some classes of wool, while in no case was there any recession from the crenlug level. The opening advance of ,r. per cent on Merino grasy combings hai been Increased to fully 7 Va Per cent for the best Sydney and Quensland lots, which have frequently realized from L'Cd to 24 Hd. I ue bulk of the offprints in Merino combings are of medium and faulty character, but even these wools have sold well at hardening prices. Superior scoured Merinos are not very plentiful, and have been competed for very keenly. The best Quensland have sold up to 47 4d, and among the Port Phillips r.O'-d was paid for the top lots of the well known G-ibb mark. Russia is again a keen buyer of scoureds. The whole collection of wool of the Quensland Dagworth mark, including broken and pieces and amounting to about 400 bales, was taken on Russian account. Long Cape greasles are selling on a par with ei:r. ilir Australian descrip tions, while medium Cape grease is o per cent higher than In June. Superior Cape pcoureris are making S5d and uj ward, and in one case 4Sd ha been paid, which is a record. For fair aver age parcels 30d to Sid is the ruling price. The selectUm of greasy crosubreds has included a large number of anabby and faulty lots, and there has been no recovery from the opening decline re corded in the case of low and medium qualities. Scoured crcssbreds, on the other hand, have soldfri-e'y at an ad vance of vd to Id on June rates, fine halfhreds making 341 to STd aad me diums 2Cd to :Sd for the best lois. Aliped exossbreds are mostly of clolh lne. The government has now saiJ what la understood to be Its last word in regard to the prloe to be paid for the Engltsn clip. It will be remembered that the original offer was 3 per Cftnt advance on the prices of 1914. The farmers asked foT rmore, and It was generally thought that they would get an increase of 40 per cent.. As a mat ter of Tact, the government has split the difference, and gives them 35 per cerft on 1914 prices. Australian Wool Exports. Messrs. Dalgety Co. of London have just published their returns of AustralafJan wool exports for the year ended June 30, 1916. Shipments from not delayed more than an hour or two Australia during this period were,jn Fom9 portions of the wheat belt 1.619.2.r ba.les, an Increase, of 43... .1 bales; from New Zealand 510.656 hales. a decrease of 51,3." S bales; total :.129. 915 biale, net decrease 7787 bales, as compared with the year 131 4-1 j. These figures, however, do rot give a true view of the wool production; Messrs Dale-ety estimate the produc tion as follows: In Australia, !,4S4,0O0l V.lo a s t Hi fl 0 0 bnloH' In' New Zealand 50,000 bales, a de.-rease of 62.000 bales; together with l.&&4,"00 bales, a doorcase of 34.000 bales. The discrepancy between decrease In pro duction and In exports is accounted for by the very large carrying forward from the previous season, which is In cluded In the 1915-16 export ficures. The sales !n the colonial market dur ing the year were l.So7.0(i;i bales, of a total value of 29,900.000. Sales In New Zealand amounted to 34,801 bales. The n-urrvber of sheep in Australia is estimated at 70,000.000 against 82, 000,000 a vear ago, and in New Zea land 24.500,000, or practically un changed. Apricots Xot Diseased. Hood River. Or., Aug. 12 c. c. iCXAoVr' rr''ZZt' t ' r ' from the fruit insner-tor of Baker that n fo r VllL ycor.fiJ;7r;i"ops. I Harvest in the Condon district Sir-,,22 5i1.nvlr iTih A only Just commenced and it is to because they were covered with scaie. h horxvd h weather will e'ear nr. si Hnvrvrr th Tinkor inspector P." nopea tne weatner Will c.ear up IO --..iei.j v.-. , v.. ETf."1 -nal,"eiil,v.twhv.t..h u-?1.h! was ex;ale was nothing but shot-hole fungus, and upon notification by Hood River fruit experts, the confiscation mandate was promptly nullified and the quarantine forthwith raised and tha Baker people wervt permitted to eat the apricots. Edited by Hyman H. Cohen HOG MARKET HAS A SENSATIONAL RISE DURING THE WEEK Local Market Sharply Higher and Very Firm at the Advance East Showing Extraordinary Strength Mutton and Lamhs Firmer. FO TIT LAND I.IYKSTO ItlN. Iloga. Cattle. Calves. Sheep. This week 318S. 131S 43 4S77 1 hast week 25yS 1 ti : s 33 4j.".; 1'iev. week 3-Si 1 " 2376 Mniitli ago iSlO 1M'.4 4'l ,.3"3 I Year ago . Zh 2 1172 '.A l(;c ;2 is. ago 2127 172 13 fiTKt I 3 yrs. ago iilli 21U8 IS 6503 The extraordinary artrength In the swine trade throughout the United States Ls creating much Interest. While in a measure a Jargo portion of the extreme strength in the east is Jug to the war contracts, still there has been a sUoitage of hogs, and this hiu given the advances their real strrntgli. l.oc.illy, t he sJtuntion has ben ex treme'y strcng. While prices here at trie moment are somewhat under those 1:1 effect at caf tern centers, still (iiere nr, v:i rini. i-.t.vi:t, f'... it.t IC.t.t ..f ! all, perhaps. Is the fact that the buy- .ng puXihc in the 1 acific nortuwest is a trifle shv of money to pay for nigh priced I'ur product). Then ti.eie i tho lact that the local market t. con- I t red' id cntitely by the home consump tive ci-maim, aJta is nop anicu oy 101 eisti orders. i.t. : lc market range: Choiie light weight $9.70H.7tl (loi,il IIlM vvdKlita !V,'9i.o Jh'df'im eljbta U.10i;i.2S Buuj;b. heavy s.7om.ta0 Cattle Market Depressed. 1 lepn-s: 1. ,11 in the cattle market at 1 North 1'oriiand was real enoul; for anyone to understand during tu.i week, i This market is hui't chiefly by trie ! In. k of consumptive demand. Tim 1 buik of the stuff that h;LS come for 1 ward of lato has; bc-n of extremely po.'r tiuality and this, too has been I a detriment to the tra.de. j Receipts, taken as a whole, have ! becii above requirements to." some ; weeks and pr:u tb ally all of the leal ! ilig killers Rio slili holdin,; a suiplu.s. 'ic:ier.il catlle luiuLL't ra.ic. I'iIb.o llgb t teor $a.."'.Jrt 7S l'rinie l,eay btcig 7 O0 Good lii;lit ftr.'fj fl.nOiii.-S Hti'ckers and i.-c!cia 5.o,t'o 5 7 Prhi.e dehoinej ruivu 5.taj U. Tntaou eo a 3 "'ii I il Hulls r, .-. o,r4 :) rime liiiltt veal cnlvi 7.'H,';t 7 .t I'tllue I'.ciivv vie, 1 . m 1 v - 4 ."UilO . i0 Mutton Market Is Stronger. While only w 11.. rs m owtd an ad vance in pi ie... 11. t e Norm I ; 'and 1 trading ot !.'., vveik. (t.e ttii.ro mut j tot. and Iamb it:,!,- ;..!( 1-; t'nmcv. Kece.pl s cm.,.. . hiu,. d nl far le . o w expect:!, : I ride and i he ' ate futun. ia n; i,ener-d in u u on Sle-t Rpll'iU Umh of the lniiaedi- t If. -l l-O: u bin. 1 1 ! he miirai't: muds 2S i.rsoidT 7J 11.2.1 r..7.'.c . I) 6 OH',! ."i L.i 3 oO'ijl.Ou Ordinary 1-iuiba j lifM ycai ltiis 1 lo eomuion weih.-rs Hest ewe Good eou mon ewi-s Walnut Culture a Success at Duiidee Bigger Demand for Xuts Creates Much More Interest in th Industry Here. Newberg, Or., Aug. 12. In this lcln ity, at Dundee, are some of the biggest English walnuts in the Etate. .Now that there is an active demand for the Oregon product, this Industry is aious ing increased interest. one ol tho lust orchards Is that ow ned by Ciarles Trunk. He has taAtn advantage of the experience of the pio neer planters, who put their trees too close together. He planted his 0 feet apart, bjr severa.1 years he raised other crops betwttji the rows, but gave that up, as they wre taking nutriment from the gtoui.d that bhouid go to the trees. A visit made to this orchard a few days ago shows that his judgment in that rogard was sound. Tho trees are making aii amazing growth and this year, although the oldest trees are only six years of ai?e, he will have quite a crop. He was asked what he valued the orchard at, and said that, with 35 pounds of nuts to a ".. ee. It would pay : o per cent inte rest on elOOo an acre, but that it was not for sale at any price. Mr. Trunk fays that h has' found tho best results to corny from planting nuts just where he wants the trees to grow. Adjoining the walnut orchard Is a fine prune orchard. Though th-: former orchard Is cultivated to the limit and 4 e , f ... i .. . in this Is not the case with the nruneT proiiard. There is quite a growth of young weeds between the 'one of trees, showing that the orchard had been carefully cultivated until recent ly: Mr. Trunk explained this by say ing that ne found the bark of the prune trees more liable to bo injureij by frost If "there was a Vigorous growth of wood late in the year as the result of late cultivation. Walla Walla Gets Good Crop Weather Walla Walla. Wash., August 12. Wheat growers of this s,ei tion were on the anxious seat (or, fair the first three days of the past week, when cloudy, unsettled weather carried threats of a wet period Just at the time when every hour was being made to show results in the harvest fields As it was. little rain fell In this Im mediate locality, and harvesting was however, more precipitation w as re- corc.-d and there was ro.me damage. as well as de.ay. Harvest crews are In action on a!l (rf the large wheat farms of this vi vinity. Farmers have experienced practically no trouble in securing all of the men required to earner the crop, and it Is noted that the workers are of a better class than formerly invaded this district during the busy season, there being less of the "wet"' element than 'ormerly. Wages paid are -fully up to the standard of for mer years. Berry Season Month Late. TTnH I I y Allc 1 (I V C rJ. r v in iY Vi',,,i;; ' 'J Owens of the Mt, Isood district wound up the Hood River strawberry shipping sason with 13 crates of strawberries that he brought to town yesterday for shipment through the Apple Growers' iissociation. This makes the shipping season practically orfe month later than last year. Vp to within a few days ago, snow drifts were within' a few feet of Mr. Owen's berry field. Rome Damage at Condon Condon. Or., Aug. 12. A heavy rain I?" .Sl10?!!!: ry JJt I that farmers may narvest tneir grain. Spring wheat is still Kreen in this vi- cinity and barley which Is a splendid crop will not be ripe generally ror an other week or ten days Tha first telescope was used in Eng land in 1808. FINANCE, INDUSTRY AND TRADE REVIEWED Lumber More Enc,ourartn4r The Portland office of Dun's reports in Dun's Review for the week ended June 3: Trade In most lines Is slow, as usual in the midsummer season, but a a.at isfactory comparison is made with a year ago, as shown by the Portland bank clearings In July of $4H.l&a.&9S, which were $5,595,392 iu excess of the same month last year. Much encouragement is found In the renewed demand for lumber, inquiries and orders for fully 32,000.000 feet be ing entertained by maun facturers in the Northwest. A part of the inquiry Is from government sources, and a large portion of It represents proposed railroad betterments and car construe lien. No lumber was shipped froi.i Portland to foreign ports in July. Coastwise shipments were lighter than usual, aggregating 6,386,372 feet, of which 1,286,382 feet was sent to An chorage, AUiska, Cereal crop poapects are entirely fa vorable and early wheat threshing re turns are exceeding expectations. Lend ing dealers now look for a wheat crop of bc'ween 56,000.000 and 60.000. noo bushels In the Pacific Northwest, l'n sold stocks have been reduced to about S, 000, 000 bushels. There is nn increas ing demand from the Kast and South east for wheat and flour, and orders for both commodities have been looked on nn advancing market. U'he outlook for exports by water from this port are still unfavorable, owing to lack of tonnage. Tho only new crop charter ing done by Portland exporters to dale Is for shipment via the Atlantic and (iulf coasts. Wheat shipments In July were 6.',2f3 bushels, all of which went to California. In the same month lust year 882, S 7 4 bushels were shipped, chiefly to Kiirope and Australia. Total July flour shipments were 4C.310 bar rels, also t California. This compares with r, Ti. 007 barrels shipped In I he same month last year to California and South America. 'report crop prosprcts are good, es pecially for ppjiies and prunes, both of which promise record yields. Rut lit tle forward business has len done In apples, but over a quart .-r of the prune crop has been contracted for", packers paying lUgher prices th.an for several years past. The prune crop Is esti mated at about 40,000,000 pounds, dried. Hops will yield lighter than last year, but better quality is promised, as the yards this season are exceptionally free from Insect pests. Hecauso of the uncertain export situation, the hop market Is depressed and Inactive. The mat ki tins: of live stork hns slqu-cd dnwn and hojy prices are ad vancing, lcit cattle and sheep are weak er under lighter demand from packers. Real es'ate trading and building con. strc-llon continue quiet. Permits Is sued for building In the past ttmni h t o- j t'llt d S 1 '' . . " i"', about equaling the to- j t:il tor July last voir. Portland pcstoflce receipts In July were t9;,noo. a slight increase over the same month last year. Flour Bnslness Cjood The local of flce of Rrndstreet's reports for the week ended June B: Country flour mills nre recelvlnr or ders fur eastern shipment and report sufficient orders booked In the coun try 1s on n much larger scale than formerly nnd there Is a steady eastern inquiry. The inmmrr resorts nre hav ing a backward season and business has been very quiet. Retail city trade was only fair In July, weather condi tions having militated against the sale of seasonable goods. Stockyards re ceipts for July are running way ahead of the name month last year. Hog mar ket strong with demand in excess of supplies. Crops Weather conditions are fa vorable to oil (-rowing crops. Wheat and barley harvesting is general and crop is of high quality, with yield sllchtly below normal. The rintlonal convention of Knights of Pythias Is being held here and all hostc'.rles are taxed to capacity. Collections are fafe. Money and exchange unchanged. Groceries Sell Better Dun's trude report from Taeoma fviys: The mid summer season is making ltse.lf felt In some brunches of trade, but the la.;t half of the year starts off with en In dicated Improvement as compared with a year ago. There Is nn increase In the volume of sales In groceries a nd d ry goods, and In hardware and machinery sales nre fully normal. The price of lumber shows a stiffening, due largely to cur tailment in output, the produrtln dur ing several weeks past belnir consid erably less than half the capacity of associated mills. The untisuaJ sum mer rainfall has retarded the ripening 5". and nas bn Injurious to hay and fruit. Foreign commerce for the district of Washington in June smounted to $41.- 6.852, breaking all previous records. Exports for this port were valued at tiri. 072. or.fi. and Imports Jl. 799, 767. Kussia being credited with the great est total of exports. Dun's Seattle He-port Dim's trade report from Seattle for the week ended There has been a slowing up In the volume of business In some of the more important Industries In this section, as veil -is in some of the Jobbing lines. July was not as good a month as June for most of the Jobbers. However, June was in some instances an exception ally active month and July was ahead of July a year ago. In the Northwest's greatest industry, lumbering, orders are none too numerous at present; that is, at the prices which manufacturers will consider. Lumber manufacturers, however, are of the almost unanimous opinion that the fall trade will be very heavy and that this demand will force prices up within the next sixty days. Mills catering to the cargo trade are or.ee more) shipping their lumber with out hindrance of any consequence, the longshoremen's strike now being al most a thln of the past so far as lumber handling Is concerned. The strike materially reduced the ship ments of lumber to California during July. The total shipments to San FranHsco bay for the month were but 43.430.000 feet, whereas the month's shipments should have been 70,000,000 for.t o r nvpr I . .. - I For the rirst six months or 116 ... .L . m .li . , acme .norm wet i;! a'i ilium Binyiv'u by water to all points, foreign and do- FOR SALE CITY OF PORTLAND 4 WATER BONDS Dated April 1, 1916, due April 1, 1941. . Denomination $1000.00 Each. " . City of Portland 4 Auditorium Bonds Dated March 1, 1916, due March 1, 1946. Denomination $1000.00 Each. v . Price on Application to C. H. Reade, Maig 9313, 519 Chani. of Cofnu mesne. fiSD.491.6 feet of lumbar. a ' compared with 690.820,074 feet for tht : name perid in 191.1. These figure, just f, stttuuiie, point to tne rad trial ina . . movement of lumber from this section V?!-" iiiniiiit&iiiiMi in spue or ins ; creased shortage of tonnage. The ait-');', uatton in this resjveot Is now improvtnfc ; ' one io mo met mat a nirgo numoer Ol : , (, new vessels built primarily for ' th -vf service will he ready for cargoes in ths very near future. With the Atlantic Coast and I'nltcd Kingdom business "', out off, shippers of Douglas fir found Increased business largely on the west , -. coiifct of South America and Alaska. -f J ne problem or bow to move thr . wheat crop of this state Is a serious V one for local exporters. It is said that in sufficient vessels to move the crop '; cannot possibly he obtained. Kf forts will be made to ship considerable quan- titles of wheat overland to the Atlantio ' Scarcity of Pacific tonnage keeps tha '-': delivered cost of flour so high that ; ' h J I W- i .., In 1 . 1 ....... .. I 1 . . iriiuii uriiKinn ior ui cauBluilS IB very limited. The canned salmon market Is ver.V--,. strong, due 1 the prospect of an :?' ,3 ceptlonnl fontun demand. Much is heard of th II Uel I bon.l ,.( ahnrt t f pack of salmon, although It Is still too V,,; early to even approximate the pack. , X The old supply Is all cleared up. ontlnuecl wet weather has provided V excellent pasturage Milk products ,;.f I'rkitimon.l lktt-,1..... ...1 . I. u . ...I ' K.i.,1 ii.,in i (in' rii i iiiiii nave ueen - ".milieu in yea is, one largely to me ? very Mtronar demand for condensed 'fJ mllk. extensively manufactured in western Hk , n ,,n Bond Index Decreases In the last . s I wo months the utiiortlzid bond pries J' Index In New York shows a decline Ot i a full point. This Index is made up ' ; from yh Ids of foiiy bonds represents- ' live of lush crude rails, second frladv rails, public utility and industrial ?, classes. ' jw The past two months' decline Is the largest sin, c the severe "war" decline V of IllL4. I I fo ous a fttuDilv n,li'inia or more than live points' last fall and r-.iS,(l itii'iiiiiy iiuiins; niiu . cj-i'diiig six months to end of Mty. ' Industrial laimln doi lined most in thai . iiiooin, or i ,i-p points. in man '.oi,. inns ine hiss Hu oniy a ntiis :i. more than l4 point In public utility ,i nnis, wnose linlev do lined nearly a A; i""'H ' .'nil"-, ii us piigimy mors than ill hiuh crude rullx In mipiinil h'ai'i i.iiim ii wii nun un inucri us ill the Industrials ' '"'''" Itelow me f-hown July indices fot - ill,, ion ,,iu ..r ..... i. .......... ...... ... bliicd index as conipHied with most J "'" in inn 4H11B, unti last Augusts .-. lOW OOil'l Hll.l Willi 111. Ill 'Ii l.,L'l s.f Apiil la.st year: V jiiir v aiib;. April 111 III O'lll 1UI.I IVti Mielie-t grade mil. S ' ml t , iiiV 1 ,t ' I . 1 7J ll.'t 1.7 s Ml 111 OA " ' 7 11 7 V7 7'.' XI 7tl. ao J'1 ' I, 11 1 1 1 1 : : ' 1. ni r-t "a 1 as ll'diiMrlnl l..n,U 111b imli-x . . . .Inninir.v. IHIlI V,vn !rr. ltll.V New Tork Banlt ttntement. Ths utehly stateiiM nt ol New York City clearing housfc bunks show's the follow- 11.; changes . Average. Loans, increase $15,684, Oct); lieinand deposits, increase I3C V'1,000; tiuio deposits, decrease JO, 165, 000, reserve, decreeue Jti4,710. Actual. Loans, lucrcaKe $.23, 4 1,000;. net demand depositn, Ini reijuse $36,948, 000; time depnmtH, dcrreiir 119,074, 000; it-serve, decrease $9,22'4,640. Government Deposits Decrease. Ths weekly statement of the Federal Re serve bank at San Prunrlsco dhows a decrease in government deposits. Com mercial paper rediscounts decreased, government bonds decreased whll mu nicipals Increased. The titatement fc'nows in detail: Kl'Sdl HCKH Geld coin unit cnld c rilflrete, la own Tsui's a 0, 07,004) In gold net I lenient fund 4,23.1.004 lu S'lid rideiiipM.,11 fjinl ' lo.opO leul teuder U"te. lli-r, cti 20.00Q Total reserves 14 WlA.flOO ' Ctiniiierrial ptiper (rdleuiita) ."IS.000 Itmik acr-eptanree; 7,tl7.eOit I idled Ptut!. Im.imI. t s'..".'.t,ono Miilili-liiul WHrrsntii 2,300,000 KediTiil reserve iicles In Lands of bank 1,418.000 All other resources 1.029,004 Total resources MAIUMTIKJ!. Cspltsl paid In bepoalta, net nii"inl..' banks... iJepfialts, joveriiuii'ut ..J1, 738,000 . . 8.021,0(10 . . 24.000.000 J.?7,000 Total Until II II, MKMOItAMU'M .ill.!ClS.nOfl Kedi-ml rmerve notes outstanding In L 11 i'iU if f.ulillc F'cd.rsl reserve iiote In bends of bank .Vet amount fe,lernl reserve notes l-nicl to buna by federsl reserve 8.12,00 1,4111,004 agent f 9,S0,0OS I dm t gold snd lsw'iil mrmey d- poniteil by bs 11k wltb federal re serve s-erit I B.&M.0OO COOS BAY. GRAIN CENTER Marshfleld. Or., Aug. 12. That Coos county soil Is out table for the growing of fcraln and that all varieties of grain can be matured and ripen-ed in this lo cality was the Matement made at n meeting of the Coos Lay Kea.lt y board by w. W. Dean of New York, who has heen conducting for his own benefit an experimental farm near C'ios Pay. Mr. Dean has been trying out different crops in order to ascertain what hit land was best suited for and he de clined that grain crops can be success fully grown hero If the land Is prop erly handled. He advocated securing a regular experimental station for this locality and the realty board will take tho matter up and trv to get a station. Overbeck & Cooke Co. Stocks, Bonds Cotton, Grain, Etc. DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Chicago Board of Trad Correspondents of Logan akByraa Chicago, New York, 816-317 Board of Trade Bulldlnf,