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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 20, 1917)
THE -i OREGON SUNDAY JOURNAL," PORTLAND, SUNDAY MORNING, MAY -20-1917. BETTER CU LTIVATION WOULD AIDTH E CEREALS Edited by Hyman H. CQhen VIOLENT DECLINES IN WHEAT ARE FORCED MARKET UPROAR Pendulum of Values Swings Sharp to Other Side; In Fact, May G , Too Far Various Factors At tribtted as Reason. Such violent declines were forced In the price of wheat at all American centers durlnsr the week that the mar vi baatti n tn hnvn cnn ahout aa crazy on the vbear elde as It has recently. been on the bull side ox the traae. There were various factors attrib uted as the reason for the declining wheat prices, but perhaps chief among them was the fact that the average trutcr. speculator and miller alike ram a tn thft conclusion all &t once that the May report of the department-of agriculture was utterly out of line with crop conditions throughout the country. Then a ra in there has been such good planting of spring wheat that this froved a bearish factor in price mak ntr ullhnneh it is believed that the declines are being carried somewhat too far. . The alleged "corner" of wheat by the allied governments was responsl hi In a mesuctirej for noma of the pre vious sharp advances in the. price of wheat ana the efforts or American in terpHfs to induce the allies to resel their purchases. has also proved against the price in tnis country. The aharn decline in the price o flour during the week was naturally exocctpd in view of the toboggan ac tion of wheat values, but flour did not go nearly aa low in proportion as did wheat. Millers have shown much more inclination to keep the price of flour close to the basis of wheat when tho latter cereal was ascending, ou when wheat began to descend It wa an entirelv different story. Thos that were most anxious to boost flour values when- wheat was advancing, I Mir EARLY DECLINE FOR WHEAT GIVES WAY TO VERY-LIBERAL RISE Chicago Pit Prices Are Sharply Higher Aftr Early Weakness- All Cereals Follow Cash Sales Exceedingly Limited. By Joseph F. Pritchard. Chicago. May 19. (I. N. S.) There were advances in all the board of trade markets today, under continued -covef' lng by shorts and smaller offerings. These advances were 12 cents for wheat. 344j)4,4c for corn. l"4lV4c for oats, and 2025c for hog productsJ with pork and pigs the strongest There were no reDorted sales of cash grain, with the exception of a car here and there to tne various manufactur lng industries. With the smallest volume of bust ness apparent for any days of the week, tne grain markets at me open ing today witnessed a drop of 5 cents in the price of July wheat. September was unchanged. Short covering ab sorbed all offerings. Corn opened & Vie nigner, ana oats (c nigner. .provisions were sugntiy nigner. Range of Chicago grain prices furnished vj i ne initea ntii : WHEAT. July September July ..... September July September lets' all boost for better corn A field like this Is no accident. It is the result of simple but scien tific methods of testing and grading combined with common sense planting and cultivating. If every field in the country could be made like this one it is estimated that it would add 1,059,040,000 bushels to the corn yield. May July- May July September scarcely cared to lower It when wheat prices aropped. Coarse grain prices were weaker and lower during the six days' trading in sympathy With the wheat declines. FLO lilt Selling price: fatent. $lii.W; Wil lamette Talley, $11.M; knl straight. $12,104$ 12.80; bakers' local. S12.fcO12.!K): Montana Spring. $13,70413.1); export, $10.40; whole wheat. 113.10; graham. $12.00; rye flour. $9.25 per barrel. HAY Buying price, new crop. Wlllsmetta alley tlmothjs fane?. $23.00; eastern Oregon Idalio fanrv tin-oihy. $2.OO(827.0O; alfalfa. 2tt.:.0; valley velrb. j-'O.OO; cheat. $20.00; clorer, $2O.0f. GRAIN SACKS Nominal. No. 4 Calentta HViitfllc In car lots; lesa amounts higher. M1U.STLKKS--Selling .price: Brsn, $44.00; aborts. $4S.OO. ROLLED OATS Per ton. H50.00. IlOMiKD BAIU.EY Per ton. $57.00. CORN Whole, $72.00; cracked, $73.00 per ton. Merchants Exchange cash bids: WHEAT. Sat 1'ri.5 Thu. Wed. Tue. Mon. 1017 11)16 1017 July September Open. Ulgh. Iow. Close. 223 24 22-H 240 205 220 Ui2 217 CORN. 152 157 151 1534 144 140V4 143 1484 OATS. (ii ftSK 66 "4 B7H WM, M 56 67 H PORK. 3S60 8860 8835 8.S60 3SC LARD. 220 2270 2260 2270 2270 22X5 2270 2282 220 22t5 2280 2202 RIBS. 2060 2075 15 2075 2AO 2112 2002 2107 Blucateni - 272 FcrtyfoM 267 Club 2fl Russian 263 Feed '5075 Feed- 101U 263 203 280 2S3 268 P4 '.MO 200 277 285 295 92 P2 2660 200 275 283 208 258 256 OATS. 273 2S3 203 5050 5100 C200 5200 BARLEY. 6250 5250 AQ.n n?nr rj s Kinn K9nn rVMi Urooiuhall cabled from Liverpool: Wheat dull and easier, American advance off set by continued free urrlyala and Increasing fixating quantities. Corn firm with moderate offers. Argentina advice unfavorable. Oats easy. Increased arrival. reduced consumption. American offers Increasing. Flour firm, ot ters light compared with consumption. India Weather? fine. Argentina Weather cold and clear, favor able for field work. WaUa Walla Wheat Crop Shows a Good Color at Present JOBBING PRICES IN PORTLAND Walla Walla. Wash., May 19. More than 600 acres ot summer fallow In the wheat section of the Walla Walla valley that otherwise would have, been Idle throughout the present season, have been planted to beans as a result of the preparedness movement among local farmers, and. according to esti mates, nearly 200 acres of potatoes have been planted ,ln excess of the usual -acreacre. While many of the Walla Walla farmers are planting beans and pottt toes, their principal concern is rela. tiva to the cominar wheat crop, early conditions for which were decidedly unfavorable. The week just closing, however, has been one which brought plenty of moisture and several days of sunshine, despite low temperatures, and prospects are much 'brighter than three or four weeks ago. Reseeded grain Is growing well and fields throughout the valley are a healthy arreen. The erain is now from four to seven inches in height and the stand Is good, according to farmers who have been inspecting their fields. Already Walla Walla wheat farmers are making an effort to line up crews for the coming narvest, it Demg me f;eneral opinion that here wllL be much abor trouble this fall. No definite in formation relative to reports of com ing unrest can be secured, but, never theless, they continue to circulate and as a result, many grain dealers arc lining up responsible men for their crews at this early date. It Is ex pected that wages will reach a record point this fall. In a few weeks the corn belt will be a seething mass of corn planters, corn drills, and listers. They will be trav eling up-and-down the fields planting the crops that mean so much, not only to us. but to all the world. This year of all years not a single untested ear should be planted. Every ear of corn intended for planting should have been tested long before this. Unfortunately, much corn will go Into the ground on a grand, glorious gamble that it may produce. Aside from testing, there are a num. ber of mechanical precautions which should be taken before and after plant ing the corn, says the Harvester world. Plant Early and Save. One of the most serious losses each year to the corn crop is due to lata plantinsr. Experiments show that late planted corn seldom yields as much as corn that Is planted earlier and the quality is usually inferior. Late in the spring- the ground becomes hard and out Of condition, weed have drawn upon the moisture and available plant Tooa and tne corn is hard pressed to find ample nourishment. It reaches the dry spell in August at a critical stage, matures slowly and Is likely to be caught by the frost. Xont Plant Too Seep. Deep planting is especially bad when the seed is weak or when the spring is cold and backward. When the ground is not well prepared or Is very mellow. there is danger of getting the seed- aown four or rive inches when two inches would be better. Especial care should be taken in early planting when the ground is still cold. Make Sure of. Proper Plates. Scarcely any two farmers have the same grade and size of seed corn. QUIET SESSION IN THE CLOSING DAY TRADE WITH CHANGES SMALL Little Trading Is Shown in the New York Market Yesterday Senti ment of Wall Street Is Cheerful Considering Conditions. Therefore, especial ' care should be taken to select seed plates witn in proper sized chambers. A farmer who is partial to edge drop should not at tempt to plant anything Dut gTaaea corn Where flat droo plates are usea make sure that the chambers properly fit thn seed. A little attention to se lecting the proper seed plates before planting will be more than repaid in the coming crop. Watch the Cultivation. Corn must be cultivated In order to produce the best results, but careless cultivation is worse tnan none at an As soon a corn is a foot high there is a perfect network of roots traversing the ground in every direction. These roots lie very close to the surface and unless care is exercised the cultivator shovels will tear and break them, caus ing distinct loss of nouorishment to the growing plants. The surface roots are the ones which absorb the warm sunshine and carrv the food to the plants, and are therefore the very ones which should be saved from . injury. The first cultivation may safely be deeD. After that, however. It is essen tial that the shovels be raised until they merely scratch the ground suffi ciently to keep It clean of weeds. TTs Proper Baorala. The new type of spearhead shovels are coming Into popular use because they conform to the modern idea of cultivation. They do not plow o deep ly as to injure the roots and yet they mulch the soil thoroughly and destroy the weeds. Slight precautions based on the sug gestions arlven above will do much to increase the crop yield in all parts of the country. Let us work together to spread the propaganda of common sense in .corn raising. . New York. Mav 19. (U. P.) The New Tork Evening Bun financial r nort todav savat: May's reversion to sanity in m matter of weather was. perhaps, as much, a factor aa anything In to day's short session of the stock market- Much of the normal week-end settlement of accounts was accom pllshed yesterday and It Is quits gen erally agreed that the present techni cal position of securities leaves little to De aesirea lor tne eunaay recess, Commission houses were largely de serted and attendance on the floor of the stock exchange was restricted. In consequence trading was quiet and narrow, with price changes among the standard industrial and railroad Issues lacking in significance. Firmness underlay that market alike In stocks and bonds. Sentiment continues cheerful. Wall street feels confident that the revenue bill with Us retroactive provision and other features generally regarded as defective, will be radically altered be fore it reaches the statute books. The real business of the liberty loan flo tation Is well under way. The Rus sian duma pledges Its loyalty to the allies and there Is promise of an early orrensive on the Russian ironts. Range of Mew York price tarnished by Over beck Oook Oo., 216-217 board of Trade building: LIVESTOCK TONE NOW GENERALL VERY GOOD AT NORTH PORTLAND FINANCE, TIMBER, INDUSTRY REVIEWED Kara Peed A wears Diverted. The announcement that grains suitable for human food will no longer be fed to horses la Qreat Britain calls attention to the possibilities of gradually en larging the production of ths world s food supplies by utilising ror mat purpose the vast areas now devoted to producing grain for horses, for which the woald Is rapidly substituting pow (er driven vehicles and cultivators. A i compilation by the .National City bank Hogs Sell at New High Record to J ""J thi r! $10 for Top, While Good Cattle horse on highways and farms has al- , ready made rapid progress in ine united 8 tat. The number of horses on farms In the United States la 1917 Are Steady to Firm Poor Stnff Neglected and Ixmer. PORTUJO LIVESTOCK RUN. Hnr. Cattle. Cairns. Sbt. this weet 4JM inn Laa week 4.VM) 2KX ITeTioca week 4AOS 1067 49 fontb ago 1"0 104 Year ago 72SX5 110 l.V Two year ago 4421 122D 40 Three years age.... 4400 1054 .f roar yeera ag- - - - S432 1008 178 Is no greater than in 1910, while pop Lulatlon has meantime Increased 13 per cent, and these changes ao not inciuae the horses in cities, where the substl i3 I9ii tution of power driven vehicles for im sao those drawn by horses Is even greater ilVl than on the farm. The total number irta of horses In the entire United States 43o in 1917, Including farms and cities, is ""probably less than in 1910, while pop- 7347 ulatlon to- be fed has increased IS per There was a slightly greater run of i cent. nogs, cauvew and a rair one in sheep. Meantime, the transfer of production j from oats, chiefly used as food for but a loss of cattle In the North Port Hogs touched a new high rerord ear- horses, to that of wheat as food for ly In the week at $1 at North Port- man, seems to have made even more land, although there were strenuous ef- rapid progress. Tllb number of acres forts among buyers to force a decline , devoted to the production of oats In from last week's values. laia showed an Increase of less than Demand for swlns. retained a strong ! n nwr that of 1910. wnU- DtSCKlHIlON. Alaska Gold jUn-n) High! low GRADING OF WOOL IS ESSENTIAL TO PRICES These prieea are those at which wholesalers sell to retailers, except aa otherwise stated. Dairy Produot. BUTTER Creamery, prints In Dararflne wraDuara. extraa, 89c: prime firsts. S7Uc: firsts. WiHc; cubes, lc leas; cartons, lc ad-T Yance. BUTTERFAT fortiand drlirery No. 1 cream, 40c. EUOS Selling price: Cas count. 83e: per doaen; burin price, 82nf32Vic; selling price, caoniru, LIVB roUI.TRV lhan. beary PlTmontb Rocks, 17e per lb.; ordinary chickens, lftVic; stags, 14c lb.; broilers, under 1 lb.. 17c per ID.: tnrKejs, wiiic per ID.; dressed. Tsncy. 2S&2Sc; cull. Ma2i:; squab. 2.00 per uarn; grcse. lire, v ); renin ducks, young, 25c per lb. ; Indian runners, old ducks, naTSc per lb.; pigeons, $1.25 per doaen. t HKKSK Selling price : Kresh Oregon fancy full cream triplets, 5if20e; Young America 2S2c. Price to jobbers, flats, 24c; ouna- America. 26c. t. o. b. : cream brirk a82Uc; Llmburgex, 31 32c; block bwls. o4 Fresh Fruits and Vegetables. F&ESU KUIT3 Orange. narW, g2.Na (k.754.25; California grapefruit. a2.502.76; HHRR1&S Htrawbaxrtea. ItolWra XI ftjc SI. 75 per crate of 20 ptnta; cranberries, local! 2.00 box: eastern, So.00 per barrel. , ' Ari'LiES uocai, i.oua.ou, according to quality. ONIONS California. 1.602.60 per crate. I'OiAiTjtas selling price. laDie stock, lo cal, 3.75tf4.0. Buying price, ordinary shlp- ROGUE FISHERMEN GET HIGHER SAIiMON PRICE ping $3 00: new potatoes, 79c per lb, VUClADblws turnips, Si.io per SI prrois. ibuiw per uuzeu uoocnea; Darsnlrja. $2.60 aack; cabbage, California, tic per lb.; green onions, soc uosen Duncnes; peppers, 30c id.; ueaa i.w4.w crate; celery. $7.00 crate; artichokes, 0ca$1.10: cucumber $1.00(3 1.60 per dos. ; tomatoes, $2.50g2.73 lug; mb olant. tie Per lb.; string beans. Sitae- rhu barb, l&ie per lb-; peas, BViiJ-oc lb.; cauli flower, ui, i.wi. per aozen; aapara- gus, eoinoo per uuxen Duncnes; spinach Si.w per wa. Xaata, Ha ana Provisions. ukeskku MiAin selling price, country killed beat hoga. lB19V4c lb.: ordlnar is. A 18Hc lb.; beat reala, 14,0 lb.; ordinary veals. 1813fce: beaTj 12sl24c; goat, eac; tfriOKKD M BATS Hams, 2783&c per lb. tircsatssi imwi, vxaovc; picnics, Z3c; cot tage roll, 27c; abort clears, 2Sj27c; Oregon exports - smoked, 27 "Ac per lb. LARD Kettle rendered, tierces. 25 Ue lb. Undsrd, 24V4e; lard compound.- 18c. OYSTllRH Olrmpla, gallon, $3.50; canned. eastern, ooc; aotu per ooaan; eaatarn la shell, Sl.bO per luo; easteru oysters, per gai- nnu, wuit e--FISH l)resd flounders. 7c; Chinook sal hm. lOe; perch, 10c; soles, 6c: flonndera, 6c; salmon trout, 22c per lb.; halibut, 10e?l4c jo. ; oiaca cou, w; iuuiiris. smett, l7sd2e CRABS Large, $2.SO: medium. $1.75 doa. Groceries. SUGAR Cube. $.4o; powdered. B in fruit or berrr. S8.SO: Honoluln. 1H i.i k S8.80: dry grannlated. SS.60; D yellow. tJM -HONE i New, $3.00i;3.2o per case. BJCB Japan atyle. No. 1. 7Hc; Mew Or Imm bead. 9c: blua rosa. HUc. SALT Coarse, half grounds: lOoT 111 ton; BOs, S13-O0: table dairy, OOs. $18.00; lOue jo.oo; oaies, r, mncj laDJO ana uaiTT $22.00: lamp rock. $20.00 per ton. BEANS Small white 17c; large white. lUe per lb.; pink, He; llmaa, 17V4c; .bayous. I3c; reu, ic. Hope, Wool and Hides. nor noniins j oujiDg price. 191 crop. ordinary, osjoc; aeiected. oo; contraeta. lOe per lb. WOOL Nominal; Willamette valley eoarse Cotswold. asm 47c: medium Shrooahlre. 4a 00c; fine. 4rdi4ttc: eastern Oregon staple. 40 ajgaoc pel u. ; rasrn uu meui tier lb. . ? . HIDES Salted hides. 25 lbs. and np. SOe - aaltaa stags, CO tba. and np. e; green and salted kip, 15 lbs., 20c; green and salted calf a kins up to 10 toa., sute; green nidea, 28 lba and od. 18c: areen ataga. 50 lba. and nn. lHo dry hides, 84c; dry salt hides. 20c; dry borae ruoes, i.iwuau; aaii none UHies. j.owa 5.00; horse hair. SOc; day long wool pelts. 30c: Ory snort wool peiu, jrjc; ary sneep shesr- so A plea for the atorinaj and pradlng of wool is made by John G. Hoke, the prominent livestock man. He says: "T would like to Impress on wool growers what is necessary at this time to pet hisrher market values for their wool. The usual custom has ben to sell wool in the original bags under sealed bids. In no way can nny wool buyer place an honest estimate of shrinkage or can he arrive at any safe conclusion as to the amount of differ ent grades in any particular clip of wool. He simply places an estimate and always figures on the safe side. In most all bands of sheep in eastern Oregon thev will grade to five or six different kinds of wool, as follows: Fine, fine medium, halfblood. three- eiprhths, quarter and low-quarter, and some braid wools. "You will note that recently wool sold by Portland Wool Warehouse com pany, three-eighths blood wool brought Msrshfield, Or., May 19. The fishermen on tbe lower Rogue rirer sre making good money this season. The Macleay Eatate company, operating the cannery at Wedderburn, at first offered last year s price, so cents per flsa when the company furnished tbe boats and nets and $1.15 where tba men furnished their own gear. Tba fishermen struck for a payment of $l.ii0 and: $1.20. 'in la waa refused by the company and the men quit work for a time, but later started fishing. The price of canned salmon went op and the Macleay company vol untarily offered the payment formerly re quested, and tbe men are now getting $1.00 and $1.25 pec fish. This la tbe highest ever paid on Rogue river. Tne season is now on, but it la not expected that there will be a bit run ox salmon mis year. MINNEAPOLIS CEREALS IN AVIATION STUNTS MlnneapoUs, Minn.. May 18. (U. P) Wheat and flour skyrocketed In tbe Minne apolis market today, responsive to strong buy lng demand in other markets. Flour jumped from $15.25 to $10.25 a barrel wholesale. Joly wheat opened 2 cent up at 5&AO, went to S2.7S and closed at S2.G8U. Bentambar oened at ai.w ana cioaea at x.io. POTATOES ALONG THE COAST -Aw seed. Seattle Market. Seattle. May l U. P.) OhIods- tralta. 6c; war, $2.60. Potatoes Yakima uema, ass.uo; 175.00; locals. $75.OOS0.O0. Lob Ancalee Market. Los Angeles. Cal.. May ll. (P. N. B.) Potatoes Northern. $4.60(24.75; Oregon. $4.50 4.75; rueaeta $4.50(34.75; new, $15(l.flS lug; aweet potatoea. so per pound. Ban Fraaoiaoe Market. Ban Francisco, May 10. (U. P.) Potatoes far cenou wnari prices : iuver, a.0041 S.Vk for c&oica ana S3.uuwa.zr ror on grades; Orea-on Bar banks. S3.O06S4.OO: new Do ta tees. per pouna lor white ana sy&tBttc ror garnets. udoos ureen. swwgiu.w -per doz; new crop Bermuda and crystal wax, S-t.5OQ6.04 per crate. DAIRY PRODUCE ON THE COAST Seattle Market. Seattle. May 18. (U. P.) Butter Native Waahlncton creamery, cube. 86c: do brick, S&c; fresh California cube, 88c; do brick, 38c. Km Select ranrh. Jt7c Cheese Oregon triplets, 27c; Wisconsin trip lets, 2Sc; do twins. 28c; Xoung America, 2Sc. Ban Francisco Market. San Francisco. Cal.. May 19. (U. P.) But tet Extras, iWMjc; prime Ilrat. oc. Kirsra Rxtraa. 33V.c: extra flrsta. S3c: ex tra bullets. SOc: extra firsts, pullets. 2QMc, tJUetHS taurornia xancy. -c; iirata. sic Los Anrelaa Market. Loa Angelea. Cal.. May 18. (P. N. S.) Butter, 36c; eggs, 82c. m r San Francisco Grain Market. San Francisco, May 18. C. P.) Wheat Per cental, bluestem, $5.00eJ6.2.'i; Turkey red, S5.0O&5.25: red Russian. $5.00(35.10. Barley Per cental, feed, nominal, with sell ers asking $2.652.7S. Oats Per cental, whits feed, S2.S3H02.S5. BJ cents tier tound. Portland. Very few wool growers know the different grades of wool in his band or sheen Wool growers now hare the best op portunity to get true market values by consigning their wool to an honest commission firm at home, who grades and sells direct to manufacturers. The receiving of the price above mentioned wa due very largely in fact that this company had a graded lot of wool to offer which met the manufactur er's requirementvand did not necessi tate his buying anything but what ho actually wanted. "This Is the point I want to convey to sheepmen that by having their wool graded the manufacturer can well af ford to pay a better price when he can secure the class of wool that he wants. "I have been advised that wool now arriving in Portland is selling as quick as it can be graded out at extreme high values. WAR DISARRANGES THE FOREIGN PRUNE MARKET An lnterestlne review of the foreign prune crop and market situation is given by Ralph C. Busser, U. 8. con sul at Trieste. Ausvria. under date of March 30. By Ralph C. Busser. Before the war the prune trade of Bosnia was flourishing, the production being exceeded only by Serbia. During the past two years, however, the trade has suffered? on account of the war. The plum crop of 1918 is estimated at izoo carloads ot 10 metric tons each. 660 carloads of which were produced In the Brcka district. This crop waa small compared with previous years, especially for 1908 and 1S09, when the annual production amounted to about 4000 carloads. In normal times the transportation of prunes from Bosnia to Trieste and other points of distribution is by sea aa well' as by rail. Part of the crop is packed and shipped in baskets im mediately after being picked, but tho greater pan is Kim-iried and- then packed In sacks- and boxes for ship ping. The plums of inferior quality are made Into marmalade, for which there is a great demand in Austria and Germany. On account of the scarcity of field labor during the war the prunes are not sorted or selected as in normal times, so that those now offered for sale are often mixed In sire and quality. After being dried the prunes are examined by experts and those not thoroughly dried or oth erwise unfit for table use as "compota" are sold to the brandy distilleries. Wholesale ana Batail Pries of Prunea The marketing: of Drune. and rlum marmalade has for a long time beonj i-unirouea Dy a Danmng organization, at the head of which is the Landes baak for Bosnia and Hersegovina. Erur lng the war the sale and distribution has been regulated by government measures and the purchasing commis sion fixes the wholesale and retail sell ing prices. At present tho official wholesale price of prunes is about i5 oents (calculated at the normal rate of exchange), per Austrian pound of 1.1 pounds avoirdupois, and fife retail firice 30 to 86 cents per pound. The attef price is paid for the ration quantities which consumers are al lotted rrom time to time in each com mnnity by the provisioning commit Bicm tnereor. t or tne prunes pur chased in shops, however, one must pay about twice the commission price, namely, 84 to 6 cents per pound at present in Aneste. AlUa-Cn aimers, c do pfd American Beet Sugar... America a Can, c American Car Kdy , American Cotton Oil. c. American Linseed, c. . . . 00 pru American Loco., c American Smelter, c... ao pru Amerlcaa Sugar, c American Tel. A Tel... American Woolen, c... Anacooda Mining Co. . . Atchison, e Baldwin Loco., c Baltimore A Ohio. e... Brooklyn R. Transit Butte ft Superior California I'erroleum, e. Canadian Pacific Central Leather, c Cteapeak It Ohio UUlcago a Ot. W., c... do pfd Chicago. M. A St. P... Cblcago ft N. W., c Cblno Copper Colorado ft I., c... Cona. Qaa Corn Products, c.. .v. do pfd Crucible Steel, c dO pfd. . . . y D. ft B. U., A do pfd Distillers Efrie, c do 1st pfd Ganersl Electric . . Goodrich Rubber Ot. North., Ore Lands. Ot. North., pfd Greene-Can Hide ft Leather, c... do pfd Ice Securities , Illinois Central Industrial Alcohol Inspiration Interboso. c. Keunecott Copper .... Ksn. City Southern, c. Kelly Springfield .... Lackawanna Steel ... Lehigh Valley Maxwell Motors, c... Mexican Petroleum .. Miami Corner Midrale Steel Mo.. Kan. a IVim r Missouri Pacific W. I. National Lead Kcvada Consolidated . New Haven New York Air Brake. New York Central . . . N. X., Ont. Western Nor. ft Western, c... Pacific Mail Penn. Railway Peoples Gs Pittsburg Coal c Pressed Steel Car, c. ao old Ray Cons. Copper Hallway steal Heading, c ao 1st pia Rep. Iron ft Steel, c. do pfd Rock Island W. I. .... Bhattuck Brudebaker, c Slosa Sheffield Southern Pacific Southern Railway, e... do pfd Tennessee Oopoer .... Texas Oil Texas Pacific Tfclrd Avenue Union Pacific , do pfd U. S. Rubber, c do Dfd U. S. 8teeL c do Pid Utah Copper ' Virginia Chemical, c. W. U. Tefegraph WeatinghouM Electric Willya Overland ...... wooiwortn 27 90" ess 67 !4 27 'ii" 100, 102 120 7S 67H 67 V, 43 H 100 01 fr 11 82V, 64 M)7s 107 V, 24 lOt), o7 107 20 10 24 ios ooy; 83 42 vi 12H ov ttt 120 61 80 Vi 68 Vi H 59 43 iei" 87 11 82 73 65 61 107 20 lOOS ! 107 9 21 18 24 iis' ' 50 83 1 ot 2 '96" 45 88 30 57 iuoiioi !11Z 108 120 . 50 100 e 20 2 r 45 H 40 20 57 08 tone all through the week, and all of the top quality stuff brought extreme values. i Oem-ral beg tange: Best heavy $15.78318.00 the acreage devoted to wheat la 1918 showed an increase of 27 per cent over that of 1910. corn also showing an In crease, though not as great aa that of iXW:::::::::::::::::::: iaftS i b" " u9 pigs i4.no4i4.2 i growth in the number of power driven Stockera ...r.., 15. oo 14.20 j road and farm vehicles and tractors, Oood Cattle Steady. the census of 1815 showing over 8(00,- Steady too wu gemrsUly shown for' 000,000 worth of automobiles produced good quality cattle at North Portland in 1914 against a production of less during the) week. The decreased run , lhn $200,000,000 worth shown by the tf,rfnnlnA?J,VH fhunfft ot 1910- A reccnt ttement trend of Uie trade for this class of of- ... ,, , -h.... ferings was not good, and values were bY the department Of agriculture shows about 60c lower, while tops held practl- . " a partial census of tractors in the cally unchanged. I United States 34,171 actually In corn- Reports from the Interior Indicate mission, and reDresentlne every state that the bl runs of fed cattle are over of the Union. Very recent reports In- RECORD PRICE REFUSED FOR WOOL IN INTERIOR Boston. Mass., May 1$. Another ac tive week is noted in wool with total sales 6.000,000 pounds, largely South American. Mills having government contracts have been the principal buyers. Not only are importations in a fair way to be exhausted but many con tracts for territory wool have been transferred to manufacturers and it looks as though the amount of wool coming to this market for sale would be the smallest in years. In Montana 6O0 to 62c is still being paid for rood medium clina- K1 ho been refused for at least one choice cup. come growers are asking up to 60c. In Idaho 45c to 47c Is being paid for fine clips and 48c to 50n for me dium. One buyer claims to have paid 51c for a choice medium clip. New territory wools are arriving slowly. bmau transfers are reported on the basis of $1.40 to $1.50 clean for Arizona and Nevada clips. Old territory wools re nearly aone. Receipts for the week were: Do. mestic, 3.39J.288 pounds; foreign. CANNED GOODS DEMAND CAUSE OF EXPANSION price, per ear lots, ViQ7e per lb. MOHAIR 1917. 604le per lb. Rope, Paints, Oils. ROPE Sisal, oark. 20c; white, 20e per lb.; atandard Manila, Tic. UNSEED Raw. boh., 81.83 per gallon, kettle boiled, bbia., $1.34; raw, cases, $1.89; boiled, caaea, $1,41 per gallon; lot of 250 gallons. lual uti water wmis in arums ana iron barrels. 10c oer a a lion. WHITE IJLAV on lots, 13c in.; S00 lbs., Inara. eacb. laaiBc: aalted ebeeo abeartnn each 26460c: aalted long wool Delta, each. ai.MKaa.Du: aaitea saorc woo Delta, escn. hoc- 1 isur. $100. - .... . I TURPENTINE Tanks, C2c; cases, 8cj 10 TAIXOW Ko. 1, 13e; No. S. 12Ql3c; ease lota, le leaa. -8rea?i258e per lb. I OASOXJNK Baals price, 21 e gallon; dla , CUITTIil OR CASCASA BARK Buying miate, 10c per gallon. ; Eugene, Or.. May 19. So great Is tbe de mand this year for canned fruits and veg tables that the Eugene Fruit Growers 'asso ciation haa leaded tbe cannery at Creswell and will operate it as au auxiliary to the large plant in Kngene and the smaller one at Junction City tbia year, according to announce ment of J. O. Holt, manager of the associa tion. The local association takes the Creswell plant at a rental of $500 for a term of one to three years. Already there has been aa unprecedented de mand for canned goods, sufficient orders hav ing come in to keep an three at the plants In operation almost the entire ssasuo without accepting any furtbet orders, and every . ran ot laat year a immense output haa been sold. Southern Wool Production. The total production of wool in Chile durinar 1916. says the South Pacific Mail, amounted to 20,000,000 pounds, and tho production in Peru for the same per toa was .zu,7(u pounds. American Gash Wheat. Wlnnioea- Ch hM e- v. 1 .v. I272' N' 2 nortbern- 2-T7; !s'- 3 northeriC .MlLDeSDOlia fash No 1 hue M nua o.iov,-, ao. 3 nortbern, f2jSHfti3.03tt: No. 2 hard Montana. $3.13V3.18V J No. uurum, jo. durum. ..SO2.S6 Duluth Cash No. 1 hard. $3.20: No. northern. $3.10: No, a nortbern. $.14; No. American Wheat Option. Dnmrh Winnipeg ... Mlnaeapolla . Kansas City St. Louis ... May. ... $3.13 3.00 July. $2.74 a -30 2-68 3.40 2.33 Sept. $2.00 2.1S 2.17H October. Springs. 127 8T4 45 0H ii" 1J4 6 V4 2o "SMS 140 sa 67 43 V(, 1004 83 T 674 11 2 73 64 60 Vi 107 H Z4 1 87 V4 107 ft 20 19! 2 158 50 Vi 33 42Vi lava so 129 074 46 1H '46 2o IS 27 ta 'Si 1445 127 67 V4 46 0H dicate large numbers of farming trao tors being purchased for community uses, and a single manufacturing con cern in Ohio reports contracts for ag ricultural tractors aggregating at present $15,000,000, with prospects of 23 62T 77 47 73 61 S 83 S3"' 'siji 64 25 20X1 is" 134 77 66 121 118 113 4J 6314 25 Vs lWMi ft 47 73 61 8Vi 84 S3 81 00 26 207? 18 136 77 66 122 118 113 43 64 47 00 68 e 28 1 24 8 14 NO 23 77 47 73 29" 61 88 83 ii" 79 04 25 16U ii 184 77 121 118 113 4S '63 24 4rc 5Vi m 5S 43 19 l'X' 67 11 82 73 HO 63 61 107 23 1W 68 107 7 21 1S 24 V 34 137 S3 lOf. 42 1J 5 27 101 12S 67 9 21 00 91 61 4 o 40 60 6 27 55 14 38 143 69 21 23 62 77 47 73 101 29 61 3 40 84 101 32 26 80 64 01 25 Vi 5S5 206 14 IS 134 77 56 106 1ZZ 117? 113 43 92 64 in 126 for the season. The local trade seems to realize this, for it is making an ef fort to line up sufficient supplies of grassers from the south. eueral cattle market range: Prime llaht beef slsers 110 302 1 1.26 Prime heaey beef steers lu r 10.75 Beat heiSi":.:::::::::".::::: i.onrrioiaj.'so.ooo.ooo dunng the year ordinary to good coi 8 25 8.T5 1 chartanr Amendmeat roaghtPort- Prlme hesry bntcber bulls h.OOni 8.S0 u.j K..i,. , K,, , w,-.. . Light bulU 6onrt7 5o 'and DanKs and bond houses ars pre- CalTes 7.00a 10.00 1 paring to wage a fight against the Btocker-feeder ste.ra 7.00i H.00 proposed charter amendment, to be Blocser-feeuer covs ... e.OUg 750 , voted upon at the june eectl0n. which "'7 7 v, . 1 . . " 7 is designed to shorten the term Of mu l.imh at Nnrth ir.rirv.i ..rir, t h nlcipal improvement bonds. The banks week, would irullcato a wwk.r t. una are heavily Interested In Portland mu lower price here, actual conditions are nlcipals, several million dollars of lust the reverse. There was really ! them being held as Investments. This nothing of tiptop quality available for 1 amendment, the financial men of the the trade during the week. 4 city eayt m materially shorten the i.ii?f!lnefrtr?KT?ih'2 of present outstanding bond U- mnmiwriK tmir Sr.,' tby deprive Investor, of terior. From 10.000 to 12.000 head are : thtt profits they expected when the expected to move east within a abort subscriptions were made. The bonds time. Nominal wool mutton and lamb market Best eaat of mountain yearlings. . .$12.SOXtS.50 in every case were purchased on large premium offerings, a recent lot paying the city $800 on every $10,000 worth Best valley jearllnga.. 12.253.2 ! V .w worm Ewee 11.0012.00 of bonds. In the past it has been un- imti rut icuu u i in spring iimH u vi n .im? ucrviuuu inai x'urviavuu municipals (ioata 4.2014 4.50 would have a. lifA of at ljuiat alrht np nine years before the option privilege was exercised and the bonds redeemed. The charter amendment wgl give the city permission to issue redemption bonds covering ether issues at any Best valley Iambs lS.OtH44lS.SO Shorn stock l2c per pound leas. Eecord Fruit Crops About Walla Walla time. It is asserted by those Inter ested that this ! win amount to species of repudiation by the city. One telegram recently sent to Mayor Albee by a Seattle bank investor in Portland municipals said the charter amend ment would prove a breach of faith an the part of the city and that lts eredJt would be materially affected. City officials claim for the measure that it will result In a saving of hundreds of thousands of dollars for the city treasury by shortening Interest pay ments, v y Koratorlasa. reared- War and the state legislature have combined, to make some Portland financiers ateer clear of mortgage investments this spring. A concern that has always made large Investments In first class mortgages has been Informing pros pective borrowers that, on account of the "moratorium" created by legisla tive act at the last session,-in which, mortgage holders cannot foreclose on properties owned by soldiers and aall ors In the service of the nation, no more money will be loaned on that class of security. This Is done, not out of any unpatriotic motive, but be cause ot the fear that unscrupulous property owners, hard pressed for funds to meet their obligations, will deed their holdings to some members of the military establishment. In fact it is said, this has been dons in sev eral instances. Sooner or later, of course, these obligations have to be met in some fashion by the original or transferred owner of the property, but the duration of the war is uncertain, and investors will want their profit. Too aenca Zoonomy Paagsrans.' There is danger of pressing the "eco nomy campaign" too far, says the weekly letter of the First National bank of Philadelphia It is highly nec essary that the public, should cut out waste and make better uae of its rood. supply. But the situation will not be helped by forcing undue economies tn clothing, merchandising and other forms of household and various branches of personal expenditure. In cases where Income has been reduced, such economies are railed for as ' a matter of common sense. But It stands to reason that general trad and the country's manufacturing machinery can ba badly upset by a sudden decline in the demand for such merchandise as has been in request for a year or mora. Box raotory Flans, -George & Hart and associates of Los Angeles have closed the deal for extensivo proper ties of the Ashland Manufacturing, company mills and timber in the southeastern district ef the valley and a crew of 100 men Is now engaged to begin operations, both in tho mill and in the box factory. Tho sawmill has a dally capacity of 60,000 feet and tho box factory will be able to consume that amount of lumber. The sawmill is in the heavy timber on tho north, slope of the Slsklyous. Tho purchase Includes 4000 acres of timber, tba moat of which Is white pine. Tho bos fac tory plans turning out 2,000,009 fruit boxes this season. - ; , tiotfiag Tadsr "Way. Tho Seaiido lagging company is now actively , at work in the timber near Seaside with Its first crew. Tho first logs waro' relied 10 days ago. A new truck is being used to haul tho logs out to tho Prouty mill. The present crow con sists of about 25 men. but probably will be increased in a short tlfne. , . Walla Walla, Wash.. May 19. That the orchards of Walla Walla valley will yield record crops this season. Is the present ' indication, according to growers throughout the section. Cherries, prunes, peaches and other soft fruits which come Into early bearing will yield heavily unless some unforseen condition arises. Cold nights during the week Just closing brougnt some concern among growers, but late reports are that little or no damage was done. . i fVL.VCT uav ,-.., v., .ii . ' J . ib jo r said, and the yield of the valley should far exceed that or anv urevlous vear. i w REVIEW OF PRODUCE ' MARKETS FOR THE WEEK BRITISH PROHIBIT TRADE IN MOHAIR, CA&miERE Total sale for the day were 24O.70O shares. AMERICAN LIVESTOCK PRICES Omaha Hoga $l$.lt. Omaha. Neb., May 19. I. K. S.) Cattle Berelpta 1O0. nominal. Hoara lie ce lots. oaoo. market oe higher Mixed and butcher s, tl3.7O4jld.0O; good and choice heavy. S10.O3U10.lo: rougb heavy. $13.8018.00; light. $13.4O((tl6.00; piga. $14.21 Sheep Receipts none. Chicago Hoga1 $18. B0. Chicago, May 18. (I. N. S.) Hogs Beeelnts Ouu, strong to ulOc blgber Mixed and butcher's. $15.70l.4Vt food heavy. $15.7o$J 10.50: roiirt beavy, 15. 70415. 8..; light $15.15310.30; plga, $10,9015.00;, balk. $13.0o tiG.ao. Cattle Receipts 8000. ateady. Beevea. $(190 013.70; cows and heifers. . 10.00; stock era and isasrs. t,.ouaiv.-io; c-aives, fio.uu 14.70. Sheep Receipts 100. steady. Native, $1Z75 0!15.a; western, $13. WKa 15.73; lambs, $13.00 421.00. Xaasaa City Hoga $19.0. Kansas Clr- Mo., May ll. (1. N. 8.) Cattle Kecelpta WW, no market. Uogs Receipts fx JO. steady, quality plain. all sold around $10.00(8 lO.ao. No aheep. Denver Hosa $!.). Denver. May 1. (U. P.) Cattle Receipts 18O0. steady. Steer. $0.0041 12.60; cows and heifer. 7.S7 1U.SM; storkxrs and feeders. S7.OMttlO.00: calves. I1Z.0I143. Hoga Receipts 300, Strong. Top, $10.30 balk. 115.5541 15.80. Sheep Receipts 400. blgber. Ewee, $13.0043 13.00: lambs. ju.(Mf.D.a. Seattle Kcsa $18.40. Seattle. Wash., May ii. (P. X. .) Hoga Receipts ttO. Steady, Prime lights. $l.2o (218.40: medium to ctvolie. I1O.0OU1O.1D smooth beaviea. $15.90ctl5.f; rough heavies, B15.0OUlO.40: Digs. lt.0Ufrfla.4O. Cattle Receipt 631. Steady. Beat steers. I10-&OO11.00: medium to choice. S9.73Q10.2s common to medium. S7.OtKirtf.56: beot cows! rk.2r&9.25; eommon to medium cows. $3.O0i$ 00; bulla. $4.O048.; calvea. $.&0Jll.oi. Sheep Receipts, Done. Steady. Lambs, $13.0013.90; yearliaga, izjmji2.79; ewea, BUTTERFAT PRICE TO DROP CENT ON BfONDAY Comparison of Yrlceai A cablegram from the United State? consul general at London eays: Th" British war department aannoiinccs that no person shall from April 13. buy, sell, or offer alpaca, mohair, I cam'el hair, cashmere, goat's hair, ex-J cept unaer permit irom airector or army contracts. The restrictions upon the exportation of raw sheep skins to Norway have been withdrawn. Under certain cir cumstances facilities for shipment will be granted, provided the skins are coi- signea to tne .Norwegian lanners asso ciation for members of that association. PRESSURE IN JULY COTTON GOODS TRICES LOWER New Tork. May !. (L N. 8.) Preasnra waa exerted against July at the opening of tbe cotton market today, and that option wsa down points, with otbvr montha recording ad- vancea of S to S points. The tone waa steady. Commission houses were the principal sellers of July, but par tt4MMlf EGG MARKET IS FIRM AFTER EARLY WEAKNESS Satur- Year, day. Ago. Rutter $ .39 $ .28" Eggs 33 .23 Cheese 27 .1$V4 Potatoes 4.00 1.76 Onions COO 2.00 Hops 04 .11 Chickens 17 .17 L,ive hogs 16.00 $.00 Steers 11.25 9.00 Lambs 11.00 10.00 Sugar 8.S0 $.4S Flour 12.90 6.20 BEAN MARKET HOLDING AT STRONGER PRICES Bean market showed much, strength during the week with aometallereels quoting a- further advance la prict.. While the cpming bean crop Is pect ed to break all records, still the visible ruppljr now in sight la small, o a- i gaaa hi -i M HOP MARKET STAGNANT ? WiTII MUCH PLOWING UP Market for eggs showed a firmer tone late In the week after being weak and slightly lower at - the start. Strength in the later trad waa caused by tho advanced prices in both north ern and southern markets; this trade being directly affected. CHICKENS RULE DULL; PRICES ARE LOWERED Stagnant . ton rontlnuoa In ttt finn trade, there) not btng Hufficlent busi ness reported during the six days to mention. Meavy plowing up or yards Is again reported from various Wil lamette valley centers. ' MOHAIR MARKET HAS A DULL BUT STEADY TONE Trading -In mohair waa nular a TClt lament e valley points during the weK. vuwi wcie: in u wa-iiina; mooa ma there was Iittl . selling. In general, buyers were offering 60 361c a pound lor supplies. , - . - WOOL MARKETS ACTIVE . " AT ADVANCE FIGURES Trade in chickens ruled very dull along the wholesale way for the week. Reoelpts were quite liberal and as re tailers filled un with stock with a slow ebased the other positions. There waa a good demand from consumers lower prices demand, while tbe supply appeared acattered. I wer. 'orced for all poultry offerings and aa soon aa the early offerings were ab sorbed the market advsnced sharply, July mov ing np 17 points in a few minutes. October selling 8 points above the initial prlc. In tne late forenoon realizing sales canaed a reaction of a doaen points, but no new buy ing ordara checked tbe setback. The rkx waa ateady at a net advance of 84 to 40 points. by Overieck a Cooke Co., 21tt-217 Board of Trade imnaing on the street. BUTTER MARKET MAKES A FURTHER ADVANCE January . . March .... May June July Auguat September -tooer . . November Iecember Open. . . 2025 . . 2040 .. 2003 2082 2005 'i24 High. Low. Close. ' 3ri8 2o25 2000 &ao 2030 jtjH) ' vi 2oti2 sort i-.. 30711 2075 2030 27 ! 2066j 2i)03 2U&3 2003 'JIXW M- anno 2065 2024 2UOJ Owing to tho great competition for milK and cream supplies rrom dairy and creamery interests, butter market prlcev here were forced lc a pound higher during the week, values being within 4c a iound of the extreme rec ord for the season. Higher prices In CALIFORNIA CATTLE TO FEED AROUND KLAMATH Klamath Falls, Or., May 17. D. M. McLemore, a California stockman, his Just shipped in 1300 head of eatti.) from southern California points ro feed an the Klamath ranges. The cattie were unloaded here today and will be driven to the Wood River valley near r on juamain. WITH PRICES QUIET Easier ton was forced for cheese at Pacific coast points during the week, but the trade was by no means weak. The easier feeling wa not gen erally felt and prices showed only fractional reduction. COUNTRY CALVES ARE SOLD AT LOWER PRICE Sharply lower prices were forced for country killed calves in th Front treet trade of the week. Receipts were at the record point wniie demand Although In Door con- wa lust about normal. Crnintrr killed ditlon at his time the cattle will be ' hoars held firm at full prices with re- brought off the range in the fall in the best of condition for tbe market. BANK STATEMENT OF COAST Seattle Grain Market. Seattle May 19. (P. K. 8. Wheat Btae atem, . $2.72; Turkey red. $2.72; tortyfold. $2.09-, club, $X08; Fife. $Z00: Red RaseianT barley, $ ear. . There will be a drop of lc a poun-1 in the price of botterfat In the local market Monday morning. This will erase half of the recent advance for fat. Tbe new price will be Jc a pound. No change Is announced Tor butter. Clearings Monday .. . Tuesday .. Wednesday Thursday .. Friday fcaturday .. Week CTegrbigs . Halaates .. rVsringa .. Balances . . Clearincs . 11a la aces Clearings Clearings ceipts only moderate. POTATO MARKET GOES TO RECORD IN EAST Vw4t. a. A -B..V. This week. T. a.. I Whil slightly lower prices were 1 w??u.t a 9 a o 1 forced for potatoes in tha local whole 8.o.57.4i 1 arai'ota'ov sale .market, there was a firmer ton- 2.864.071. J 2W.027O3 , in the east. At Kansas City sales cf Z.720.67O.OS l.Tia.ta is 1 canoad lots of oregons were mown .... S.2a.Me.2 holiday at $3 per bushel, the highest price on .... 2.46i.2ua.62 2.3ao,Ki.3 record. Only about 10 or 11 cars re main unsold in the state. $l8.24o.497.3 $10,007,060.34 Spokane Baafca. $ t.iafl.oo - 121.023.0a. Tacoma Basks, $ Soafts.OP 78,313.00 - fteettle Banks. $ 3.2O.0ftI.OO - 437.073.00 8a Traaciaee Banks. ...... ...... .I13.211.29A.O0 lea Aagalae Baaka. . 30B,MB.OO Mors activity was shown in the wool market at Inland empire centers dur ing me weea. Trading in eastern Ore gon was shown at 4 9 Q 60 lie for best fleeces. Little activity was shown In met niuunsus valley Drcaass ouycr were not paying tne run limits there In comparison with what they were offering elsewhere. I . : HIDE TRADE RULING ' 8TEADY; BARK FIRMER oiraainrss waus areneraiiw nown in the hide trade during the weak.-, aa change in prices being noted. Cascara, or chltlim bark, demand J better and prices are firmly held. 1 at iow maraet very iirm, especially for No. 1 auaJltv. aionrj in nook s Settlers in western Canada nr'ho went In for sheep raising a few years ago are now reaping the reward of their foresight. Wool has gone to tha high' est prices on record and is, still oln? up, rsamuei urumneuer or urum heller. Alberta, sold his 1914 clip a few days ago to a Boston firm at 45c a pound without tbe usual dockagn. Mr. Drumh'iller's cud amounted to New York Snjrar and Coffee.". V Kw Tork. May !. (V. PV Coffee Snot Ko. 1 RWk. lOVlr' K. A Bantnai lOXte . . Engar certruaai. aq.oz. . . . ;. , CANNED SALMON FIRM WITII CATCHES SMALL Market for canned salmon continues to reflect great strength and further aalew of the spring pack Columbia riv er Chinook are ahown at $175 f r halves and $2.76 fbr pound talis. The catch at Columbia and Willamette riv er points during tha week was very small on account of moddy water. - .J ' .-. J V : ' . r. ,. . " Overbeck4 & Cooke Co. Stocks. Bonds, ; Cotton, Grain, Etc. J DIRECT PRIVATE ; WIRES TO ALL EXCHANGES M Members Chicago Board af Tra do Correspondents of Losran A Bryaa , Chicago, New York, . , 81S-X17 Board -f .Traas Bandlar. s, -. ! s