1
THE OREGON SUNDAY JOURNAL PORTL AND SUNDAY MORNING, j AUGUST ' 4, : 1918.
INCREASED AREA Of lDVTER WHEAT ASKED BY NATION
Big Acreage Winter Wlteat
HE SITUATION IS
DUPLICATE OF 1917
WTH
SUPPLY
SHOR
T
Trade Unable to Secure Full Require
ments at This Time All Lines Are
Snotvliwj Strptiglh Grains Moving
Well . From Interior.
. t
The extreme rmh shown In th hay mar
ket at tlm time U oult unnual for foe period
of th vn, although 1917 inowed a similar
condition.
Rxtrnin. horUg. In the hay crop was shown
lat eon but the tack of very cola weathet
elded in pulllnc through without cauaing undue
excitement In value. There waa very little
oarryorer of Supplies at any feeding ihtlotu.
Thin eeanon 1he hay crop la very rhort. Even
tha alfalfa crop 1 below the normal, while de- i
ma ml In all line L better. Thli. therefor, ha
rwulted In Tallin continuing Terr trong In tha
local trade anil general expectation ars for a
continuation nt th.e condition at leut during
the Immediate future. 4
Trend of grain values wan downward, aa might
be I per ted when the annual harvest begin to
mat. There u a fair volume of buying of.
supplies at Pacific North wat points during the
week.
Corn rrnp ia turning nut rathe.r favorable at
moat Pacific Northwest point, with tha quality
seemingly excellent.
FLOUR Selling price: Family wuest flour.
H IS. barley flour. 110.80: Willitnette valley
( ; local etraight. $10. 98; taker" local,
19.80 St 1 0. HO . Montana sprint wheat, patent,
I ); whole wheat, 10.75; grahira, $ 10.85 ;
rye flour. 110. 7S; oat flour. 8 1 1 tit) 1 2.29 ;
orn flour, 8 1 1. fit) I 4.00 per barrel. Vrices
for city delivery in fire barrel lota
HA V Buying' price, pew crop: Willamette
timothy, fancy, UK OU: Eaatera Oregon-VVaah-ington
fancy timothy. 834.00; alfalfa, 827.00;
allay vetch. $27. SO; cheat. $20.50; clover.
87.00, grain. t-fc.OU per ton.
CHAIN .SACK 8 Nominal. -N'o. 1 Calcutta.
StH 2flc in car lots; ieaa amount higher
it HAiHl 1 KKl Mixed feed. bulk. $24.44; at
milt, tacked. 8P.0.65.
BOLL l OATS rer barrel. 81 2.00 12.20.
B0l.r.h.r BAItLKT Per ton, B9.70.
COKN' Whole. 876; cracked. 877 per ton.
Merchant! Luchange Auguat bio:
OATH Week
Bat. Fri. Tburs. Wed. Tne. Mon. ago.
. Feed
8900. 60M) B9.",0 6000 6000 G100 6100
RAKLKT.
Feed
8400 450
"A''
B50O R.'.OO
Thirty day
64SO B.100 b.lOO 6B0O BfSOO
r,r.oo r550hfi60o
nr.oo rs.-.tjfl
ddlTery:
OATS
No. 2 feed ; 8800
BAKI.ET
Fd
Earteru naU and mm in bulk:
OATH
No. 8 white
88 lb. clipped white
IIN
No. Sallow
No. 3 mi-icd ,
Thirty day dt livery:
' OATH
No. 8
flipped
CORN
Tallow
Mixed
Mai 10 tons of August fted
854. fill.
B300
B400
B150
B2U0
6900
400
5i no
51B0
... 6000
. . . 6400
barley at
Grain Sacks to '
Disappear From
. World's Markets
Great Increase In Bulk Elevators Will
Remove Bags as Factors In
1 the Trade. f '
The great Increase In the number of bulk grain
elevators in the raelfia North west during the last
two years hM been marked, and the demand for
ack is at luw ebb.
In other countries where the rackr has always
held control, bulk elevator asiutloo 1 lncreaatng
and within a few years, it Is believed, the lack
will entirely disappear as a factor ia the (rain
trade. : a
In view of ' the ever increasing eXDOrt trafle
in corn, corn tneal. oat, barley &nd rye ft the
In ion of Sth Africa. tli union parliament, in
its recent session, appointed a committee to
Investigate and report OB the desirability and
feasibility of con-.tructing a system of grain
elevators -at soluble points along the railways and
at the various ahipping ports.
Although this committee, which i now tak
Ing evidence from fanners and other interested
people throughout the union, has, so far, made
no official announcement ef iu investigations, it
la generally nnderstood that a system of elevators
Is welcomed by the fanners, who are lending their
whole-support to the proposed measure.
OvR- 10.500,000 bushelr"M cereals were han
dled for eiuort in South Africa during the year
1917. This amount included 8,000.000 bush
els of corn, the exports of which have more than
doubled during the last tlx years. Export of
corn meal amounted to 1,500.000 bushels, while
oats, barley and rye totaled approximately
1.1.85.000 bushels. South Africa still con
tinues to be an importer of wheat, its total re
ceipts in 1817 amounting to 2.586,000 bushels.
Thess imporbi, however, have been greatly di
minishing In volume during recent years.
Practically all this grain, together with ' that
used for domestic consumption. Is handled h
bags. While awaiting shipmeut at interiof sta
tions and at the ports, it it, for want of adequate-
storage facilities, stacked in huge piles in
the open and coveryl with tarpaulins. This
method, with, the high cost of bags and tha nu
merous handling charges involved, has proved an
expensive operation, as well as retarding the
movement of cereals.
The system now under consideration would con
sist of elevators of 1000 to 10,000 tons capac
ity ax interior stations, and of 20,000 to 60,000
tons capacity at the shipping ports. Such a sys
tem would greatly benefit the farmers, as welt
as facilitate the movement of this commodity.
Whether the elevators proposed will be state
owned, or whether private enterprise or cooper
ative societies will be encouraged to undertake
the construction and operation of same, depends
entirely on the committee's investigations and
recommendations.
: In view of a possible opportunity for the aale
of the machinery and Installations necessary in
equipping this system of proposed elevators, it is
rine?ted that Interested American manufactured
send their catalogues to this consulate general to
be placed on file in the commercial information
bureau attached thereto, to which possible in
quiries may be referred. Reports from gram
elevator companies and from cooperative grain
levator 'societies are also desired.
Wool Shortage Is
' Showing Increase
Despite?Jroverunient Control of Price
and Disposition, Fleece Stocks
Are Alarmingly lVow.
Planned by Government
1
Liberty Wheat Harvest for 1918 Is Expected Jo Produce Cereal Enough
for; All No Present Surplus Is Shown in World Spring
1 Wheat Acreage May Be Curtailed by Plan.
i. national plan for s great liberty t
hret in 1919 has been announced by the
United States department of agriculture. Amer
ican 'farmers are asked to sow to winter wheat
thta fall not lest than 45.000,000 acres an in
crease $jr 7 per cent over last year's sowing
arid the department suggests that ao even greater
area, approximately 47.500,000 acres an In
ert) of more than 12 per cent over last year
could be sown if conditions are especially favor
able In all the States, and would better meet the
needs of the allied nations at war. !
from the smaller acreage t harvest of 636,
000.000 bushels might be expected, it M esti
mated, and from the larger acreage 667. 000, 07)0,
based upon an average yield of 15.7 bushels an
acre and an abandonment of 10 percent of the
area sown on account of winter kill The plan
fixes definite acreages by states, and in a cam
paign to be launched immediately by the state
department and the state agricultural colleges and
leading fanners throughout the country, growers
will be asked to make good their state quotas.
The recommendations regarding the planting of
spring wheat and other spring crops and regard
ing livestock will follow latar.
Bigger Acreage Planned
Tha total acreages assigned to tha several
states, both minimum and maximum, are shown
in the accompanying table, with the percentage of
increase over he acreage aown last year indicated
for each state. In some states where a large in
crease of winter wheat acreage is suggested, it is
planned correspondingly- to reduce the spring
wheat acreage. Winter wheat la a safer crop and
produces a larger yield per sere, lo the exchange
is desirable in sections where this Is practicable.
The unusual weather conditions of the last two
years are responsible for the increased acreage of
spring wheat this year in some sections where
winter wheat usually is mora extensively frown.
In announcing its wheat production program.
the department considers the' growing needs of
this country
it
Narrow Changes
In Stock Prices;
Week-End Quiet
Usual Saturday Dullness in New York
General Motors Scores a
Gdod Advance.
-The Evening
Xew York, Aug. 3. !U. P.)
Sun financial review said today:
Today's short session was a dull affair. In
which price changes were unimportant, although
for the moat part on the upward side, with nar
row limits.
There was every indication that stocks were
strongly held and that only spirited bidding
could bring out anything like an adequate supply.
Such bidding was limited to two or three issues
at bast and at infrequent intervals. The list
dragged its way through the second hour with
out incident save for a rther advance of 2
joints in General Motor and considerable
strength in Burns Brother.
Furnished by Ovtrbeck & Cook Co., Board of
Trade building:
The last crop report forecast a 191.8 harrekt of
890.030,000 bushela of winter and spring wheat.
Reserve Is Exhausted
Although this forecast is gratifying.
pointed out that the reserve supply, or carryt-orer
of wheat this Jrear is practically exhausted,! and
is the smallest on record. The need of building
no reserves of wheat is evident. It is pointed out
that although this country produced a small wheat
crop in 1617, the total exports of wheat in excess
of import, including flour in terms of wheat,
amounted to approximately 100.000.000 bushels
forjthe year ending June 30. 1918. This is in
comparison with 178.000,000 bushela exported
in 18f7. 2S6.000.000 bushels In 1916. and
331.000.000 bushels in 1915. It was only po- DESCRIPTION
ihl for th TTnitpi States to export wheBt to :
lante qnantiUexin 1015 and. 1916. because Of the -J ?. ' " ' '
large wheat ewps of 1.91 3-18-J4-1B. whlchl gav. , " 83
thi country an accumulation of stocks of this ; . . n,.. Surar
grain. The 1916 and 191? crops both i were Am; an c
smaller than any crops since 1911. and. besides j ,j0 p1(j'
tnis. mere was a greaier aemana ioi eeeu im. far Fdry., c.
and an increasing population.
Consumption Is Increasing. I
Moreover, it must be borne la mind, saya the
department, that the carry over ic all the 10 im
porting countries of Europe was practically ex
hausted this year before the new harvest ; i that
the normal consumption requirements of tlie ex
porting countries are incressing with the gTowth
of population instead of diminishing, that i some
losses in storage and transit may ba expected to
continue, and that it is highly desirable that a
surplus should be accumulated aa insurance
against partial crop failure next year. To pro
vide for these additional requirements It is (there
fore extremely desirable that the maximum acre
age of winter wheat recommended be planted by
i the farmers in the United States this fall. .
Acreage of winter wheat suggested for sowing
Open High Low Close
In the fall of 1918. with data showing basis for
and its allies for this essential food. I the recommendations:
Acreage Suggested. 1918 Maximum Acreage Sowtt
johhino viucES is pomxAirD
These are the price retailers psy wholesalers,
except a otherwise noted:
Dairy Products
Bt'TTKIl Soiling price: Creamery prints tn
rtrehnaeut wrapper, extras, brie; prime firsts,
lo; firu. C,v-c; butter in 30 lb boxes. Ho
lew, HO lb. Uxe. 1c less; cubes, lc less, cartons,
lc additional; dairy, 3 7c lb., selling price.cuUea,
7 Mi m 4fcv.
BI TTKItFAT Portland delivery basis. Wo.
1 sour rtriira, f5e.
CH.Kfc.HK Selling price: Tillamook fresh
Oregon lancy full cream triplets. 27jf28o per
lb . l'ouii America. 28Wo. Price to Job
bers, 'lulamouk triplets, 26c; Young Amerfaca,
28o f. o. b. Coos sud Curry. Price to jobbers.
L o. b Hjrtle Point: Triplets. 24 a; Young
America, 25 Vac; brick, 36c; Limburger, 85c;
brick .Svrl.se. 40c lb.
-XviiUS Selling price, case oouot, 4546c
per doten. Huyuig price. 43H0 44O. Selling
.price, candled. 4(U(4Sc; selected, 4950c;
selected m cartons, 00c.
I.1VK PolXTliY Hen. 22JUo per lb.;
bro!Ur. 25 j 2c; old roosters, 18 ri 16c; stag.
iB 9 16c; turkeys. 28 30c; dressed fancy,
7e; No. 2, 30c; squabs, 83 do son; geese,
sprint, 16c; ducks, 2i((i aOc; pigeons, $1.00(9
t.UO per dusen.
Fresh Vegetable and Fruits
rXESU FHL'ITS Orsnjjes. $8 (S 8.50 per
bos; yLanana. He lb.; lemon. 87. 60CS9.75
per box: California Krapelruit. $3.25 0 3.75;
Florida. 87.00; watermelons, 2 3c lb.; Cal
ifornia bUck figs, 81.75 per crate; apricots.
81.26 e? L90; plums. 2 4 3c per lb.
lUiltKlK.s l...pi. rn-.. i.7ii vj. 2.O0; black
cap), tJ J..; h.urvLciri. , J 50, currants,
8l.5i)( 2 ivi.
FKACIlt: $1.00A1 40 per box.
Ai'PLbft Varioui laricties, $l.U0tS2.25 per
bos.
PEARS nrtlett. $3.25 box.
DRIED FHl ITd Dates. Dromedary. $5.50;
Faide. $2.6 0 crate. ltaisin. three crown loose
Muscatel, 10c lb. in 60 lb. boxes, tigs, $3.60
boa for 70 o. package.
ONIONS Selling price to retailer: Ntw ted.
$2.78: Walla Walla. $2.75(4 2.86; garlic, 7 Vs
g 8s lb. : green onions, 85(9 45c dozen bunabes.
POTATOES Selling price: New potatoes,
Vi Sc.
CANTALOUPES Plata. $1.00(81.25; pony.
$2 75 0 8.00; ktandard. $3 003.20.
TlliGKTABI.ES New turnips. $2 00 2.23
sack; car rot v 82.25 sack; beets, 82. 5o sack;
parsnip, $1 25 sck; cabbage, 3 He; pep
pera, 10c; 'head lettuce, $2.50 (g3 3.25 ; celery,
$1.2$ per doz. ; artichokes, 60 Woo doz. : cu
micumben. $1.00 per bok ; tomatoes, $1.00
1:28 per box; cgs- plant. 15c per lb.; cauli
flower, 82.riOrti.75 per crate; horee radish,
lavte pet lb.; string beans, $9 6 per lb. 1
gretu corn. 4 0(4;o.
' Meat, Fish and Provisions
COUNTKY MEATS Helling price: 'Country
; killed best hogt, 2 1(S24hc, ordinary, 23e par
lb.; bet real. IH'jO-IIIc pet lb., ordinary veal,
L717Vte per lb.; rough heavy. 12012VSO
per lb.; Uinb, 20 (f 23c per Jb. ; mutton, 14 is?
10 per lb.: bef. 10 V, 0K'ic.
6MOK.LD MEATS llanu, 3188c; break
fast bacon,' 34 w 4 8c; picnics, 25e; cottage roll,
81c; short clear', 81(4 3tc; Oregon exports,
sssoked, 33c per lb.
PACKKHS' MEATS Fancy, steer beef. 20
32e; tainy cow beef. 15 (9 17c; fresh spnng
; larrr9r"sOT-o. heft yearhnm. 20lj(22c; ewe,
last 80c; hogs. 25c.
LA1U Kettle rendered, 28c; standard, 27o
per lb ; lard compound, 23o.
OYBTEKS olyuipia. gal.. $4.50; canned
; eastern, 63o can, 88.40 dozen cans;, eastern,
; gallon, solid pack, $3.50.
FUF.Mll FISH Imtteed flounders. 6c; sai
nt oNl, 21022c; perch, 7 He; soie. 7oj sal
toon trout, 18c; haiibut, 20c; black cod, 14c;
herring, tie; smelt, 8c; clams', hard shell, 6c
per lb.. $4 but; crabs, $1.75 (2.50 pet doz.)
shad, 6T.
Gncervas
SUOAG Cube. $u.70vl i powdered, 88.00 H !
rruit or Derry. (i.wo; -i yeuuw, H 13; granu
lated. $8.05; beet, $7.95; extra C. $7.70;
golrUn C. $7.65.
HONEY New. $6.00 per case.
RICE Japan style. No. 1, 910e; New
Orleans head. 11Mb7 11c; blue rose, 104 0
11 per lbi
SALT Coarse half ground, 100s, $18.00
per too; 60s. $17.26; table dairy, 60s. $28.00;
bales, $3.10&3.66; fancy Labi and dairy.
Woo. Jo; lump ruck, szu.uu per ton.
BEANS California (sales by jobbers) . Small
wnite. is He; large wnite, Jc; pink, 9o lb.
Lima, 14 Vie; bayou, to; red, 10c. Ore
gon beans (bnytng price) : White, machine
icwanen, hhwuc; nana picked, UHWIOc.
I CANNED MILK Carnation. $6.20; Borden,
$8.10; Aster. $6.10; Eagle. $9.00; Libby,
$6.10; Yeloban. $5.25 per case.
iu(Lb uoanea, xaHOaoo in aacka cr
dram.
i SODA CRACKERS Bulk. 17c per lb.
NUTS Budded walnuts. 80c per To.;
eimona. imj wsuc: ri.oen. 27 tn sack
SSts 4 peanuts, ic; pecans, 17c: Brazil. 20c.
Hops, Wool and Hides
i t JTOP9--Nomlnal, 1917 crop. 15(18o lb.
. HIDES Salted bides. 23 lbs. and up. 18e;
Notwithstanding government control of w.ool
in mo-it of tbe leading countries of the world
the shortage of fleece is dally becoming more
acute. .
Government regulations regarding the sale and
uie of wool appear to have failed of their pur
pose. At a Joint meeting of the board of scon
t roi nt wnnl t.Ttile nrrutiictirtn stiH the rati wont
i advisory committee, held in London, the wool
j tati-tiou.1 committee submitted a report showing
a decline of over 50,000.000 clean scoured
pounds in the stocks of wool in the fnited
Kingdom at June 30 as compared with March
81. It was stated that it would be impossible
to meet the minimum government program of
production, unless the arrivals of foreign wool
could be raised to an average of at least 20,000
tons per month,- and more than this would be
necessary If the requisite margin of safety were
to be maintained. It has been understood hith
erto that arrivals at the average rate of 18.000
tons per month were the utmost that could rea
sonably be expected. If the position is to be
made Kecure. therefore, arransements will have
to be made with the shipping controller to place
more tonnage at the dispo-al of the industry.
The total of wool for consumption during the
August-November rationing period was fixed at
500.000 pounds per month more than in tha
April-July period, but the civilian figures were
reduced by 2.000,000 pounds monthly in order
to make up for increased military orders.
State : ' Minimum. Acreage!. Maximum. Acreage. 1917.
Pet. 1917 Pct.l17 Pet 1917 AcreageSown
New York 825.000 103 . B63.000 110 512.000
New Jersey 101.000 102 104.000 105 99.000
Pennsylvania ... 1,675,000 103 1,688,000 J10 '1,630,000
Delaware ..... 163,000": 105 j 160,000 110 146,000
Maryland 774,000 105 811,000 1.10 787. 000
Virginia 1.686,000 105 1 1,609.000 110 1,463.000
West Virginia.. 373.000 105 . 3UO.000 110 355,000
North Carolina. . 1,238,000 105 ' 1,297,000 110 1,179.000
South Carolina.. 283,000 105 297,000 110 270,000
Georgia 449,000 105 614,000 120 1 428,000
Ohio 2,340.000 109 2.600,000 117 2,146,000
Indiana 2,920.000 110 ' '8,100,000 117 2,645.000
Illinois 2.934,000 113 SL200.000 123 2,602.000
Michigan U4 1.0OO 100 941.000 100 !41, 00(1
Wisconsin 112,000 100 112.000 100 112.000
Minnesota 89,000 100 89,000 100 89,000
Iowa BOO. 000 131 900.000 196 459,000
Missouri 8,100.000 108 8,235.000- 113 S.875,0UO
South Dakota... 182,000 111 182.000 111 14,000
Nebraska ..... 8.674.000 117 8.762,000 120 8,135.000
Kansas 4.479.O0O 100 ' 9,479. 000 100 9,479,001)
Kentucky 1.047.000 110 1,142.000 120 952,000
Tennessee 924.000 110 1.010.000 120 840,000
Alabama 151,000 105 " 158.000 110- 144,000
Mississippi 40,000 110 4 5,000 128 86,000
Texas 1.730,000 10T , 1,730.000 107 1.622,000
Oklahoma .... a.264.000 100 3.4k(,000 104 8.264.000
Arkansas 802.000 105 817.000 110 28X.000
Montana 775,000 1,00 ' 775,000 100 775,000
Wyoming 88.000 105 92.000 110 84,000
Colorado 4S.5.0OO. 105 608.000 110 462.O00
New Mexico ... 275.000 102 283.000 105 270.000
Arizona . 46.000 105 4 8, 000 110 44 000
Utah 256.000 105 275.000 113 244 000
Nevada 6.000 100 10.000 200 6.000
Maho 877.000 126 405,000 184 802.000
Washington ... 754,000 180 850.000 200 422 00O
Oregon ... 690,000 105 692.000 123 562 000
California ..... 613.000 105 638,000 110 489.000
. United States. 4 5. 000. 000 107 47.206.000 J12 42.170.000
Acreage.
1913
B 12.000
09.000
L.530.000
140,000
37,000
1.463,000
855,000
1,179,000
270,000
42S.000
2.145.000
2. 82",000
2,0-34,000
VK3.0O0
112.000
89,000
625,000
2, 75, 000
182,000
8.674.000
9,470.000
168,000
bo l.ooo
144.000
36,000
1,730.000
3,400,000
288,000
775.00O
S4.000
462. 000
270.000
44.000
266,000
23.000
405.000
1,1 56,000
692,000
489,000
44.640,000
Year.
191.7
1917
1917
1917
1U17
1917
1017
1917
1U17
1917
1917
1917
1914
1914
1914
191.7
1917
1914
1917
1916
1914
1917
1H14
1914
1917
1917
1UL5
1916
1917
1917
1917
1917
1917
3417
1915
1916
1014
J914
1914
1917
Details of African
Wool Deal Public
States that have suffered from drouth conditions are not asked to increase wheat acreage bnt If
(rally favorable conditions obtain, it is expected that increases will b. shown ir, th-1 ......
In -M.ch.gan. Wisconsin. Minnesota and South Dakota, larger increase of winter wheat acreage is not
suggested, because of heavy increases suggested for rye. T
European Crops Less Favorable
Sales of Clip lo Britain, United States
and Japan Confirmed
Range of Prices.
FARMERS
hrrho wish to ship direct Veal. Mors
IPoultry and Eggs should write and
request our weekly price bulletin.
j Sheridan-Beckley Co.
lit Tfmt fttv - Portland, Or.
-- Tf5 -
United States Consul derier! Oeorge 'A. Mur
phy, at Cape Town, South Africa, tends the
following from the Cape Argus of May 3, giving
the full figures of the South African wool clip
of 1917-18 and of the sales to the British gov
ernment, the United States and Japan:
In the assembly this morning, in reply to a
question aked by Mr. Conroy, M. L. A., the
minister of agriculture stated: The number of
bales offered in the first Instance to the imperial
government was 1D0.669. The number of bales
withdrawn from the scheme, dtiplicnte and bogus
registration wss 71,288. The number of bales
valued up to March 31 last Was 93.346, leaving
t balance of 26,037 bales still to be appraised.
The average price paid for tlie wool' valued was
13.35 d (80.27) per grcas pound. Tha num
ber of bales ot Wrtol at the DorU. awaitina- sIiId-
ment July 81, 1917, was 107,731: The eti
mated clip tor the season 1917.1.. wu son And
This estimate is arrived at by taking the average
quantity ml bales exported from Boufhr Africa
during tffl last five years, Slid owing to the
season throughout the union having been excep
tionally good is likely to exceed 500.000 bales.
Number of bales left In the tovrrnmerrt scheme
after withdrawals. 119.883. Number of bales of
last aeaaons wool left in open market. 478.3411
The quantity of itrease wool sold in m,n
market and shipped during the period August "1.
1917. and March 31. 1918, was 194.247 bales.
or 66,044.127 pounds, valued at 4.910 0!9
($23,899,340). average price 17.8!)d 10 anv
per pound, of which 101.853 bales were shipped
to America, ov.ooi caies lo japan and 2276 to
the United Kingdom. The quantity of .scoured
wool shippvjd during the same period was 8 429 -094
pounds, value 1,401.970 l$.822.685)'
arerase price 39. 83d ($0.8ti, tier Miind. of
which 7.185,322. pounds went to Asiatics, arui
886.735 Pounds to Japan. maktn r,ti
and scoured equivalent to bales nf t
265,080. The quantity old n ohn m.rt.t .,
awaiting shipment was equivalent to 108.392
bales in freese and the number of Bales at ports
for open market unsold March 31, 1918 was
equivalent In grease to 85.774 bales. The' esti
mated balance of wool for open market still un
country i 18.902 bales.
European crop reports are leas favorable. , A
summarized compilation of the official reports
of agricultural correspondents up to June 14 is
Just published by the Netherlands.
Crops have been injured or retarded in . all
parts of the eoufttry by the lack of rain, though
the high sandy tracts suffered .the most. During
May and the first part of Junehc. rainfall in
the country as a whole was only 60 per cent of
normal, though In tbe eastern provinces the
amount was from 60 to 70 per cent. Severe
frosts occurred the first week of June in the
northeasterly provinces, killing beans and injur
ing potatoes and other vegetables. But, taking
Crops as a whole throughout tha country, this is
not a serious matter.
- The drouth has been bad for oats,, from which
poor straw and grain are threatened. Nearly
everything eke is more or less affected, though
in some cases it Is believed that nothing worse
than retardation will result. Low lying meadows
intersected by many little canals, were only
slightly injured by the drouth, but on the sandy
grounds the hay crop will be deficient. Consid
erable damage has been done to various kinds
of tegetation by insects, whose ravages might
bare been restricted or entirely prevented by
more rain, .
Winter wheat, on the whole, is fslxly good. In
Friesland some was frozen, but in North Holland,
Overyssel and other provinces it la from good to
very good. Winter rye and barley are similar,
on the whole.
Summer Wheat Is good In some provinces, me
dittm in others, and someivbat below good alto
gether. Vegetables in general are fahrly good.
The following table gives in figures the condi
tion of various crops on or about June 14. It is
explained that 1.00 means excellent, 90 very good,
70 good, 60 rather good, 60 medlnm, 40 rather
bad. 80 bad, and 10 a failure; 67 is an aver
age crop.
Crop: Condition! Crop: Condition
Winter wheat. . . . 69.8jCarawar seed 70.0
Winter rye.. 70.1 1 Potatoes 68.6
Winter barley 67.88ugar beeta. 68.0
Summer wheat.. . .67.7Onions 64.8
Summer barley. .. 03.7 j Chicory 73.7
Oats . . . . 68. 5 Red clover 65.0
Horse beans. 62.4White clover.. . . . .60.0
Peas 6 4. 7 1 Pastures 67.4
Browa bean 59 8, Hay lands. ..69.4
KISS .......... .66.8
The condition of t the winter wheat on April
20 was represented fc'y the figure 72; winter rye,
70; winter barley, 67; caraway seed, 70; red
clorer, 70; white clover, 70; pastures, $8, tnd
hay land, 88.
Though the figure for hay lands as given in
the foregoing table indicates less than an average
crop, tha latest report from the principal haying
section of this district ia to the effect that rae
quality of tbe crop now being gahered is very
tooa. A considerable rain has fallen since June
14, and as every day just now there is a mingling
of rain and sunshine, it is not ii robable that the
figures for hay and other crops may be Increased
in the next report. . ,
Beporta received from all parte of Persia indi
cate that this year's yield of the grain crops
(wheat and barley) will be far above the average.
There was considerable snowfall during the winter,
and farmers say that recent showers have made a
good yield certain. It is also reported that dam
age oy insects has been far less than usual.
Last year's harvest Was not more than 60 per
eent of a normal yield. Which, together with the
presence of foreign troops, tack of transport facil
ities, and hoarding, accounts for the present food
shortage.
The newspaper. Neologos. of Patrav Hreere
in its issue of June 7, 1918, publishes the fol
lowing statement with regard to the prospect of
the cereal crops of Western Greece for the
current year.:
From official information to hand, the last
rains were very beneficial to the late cereals in
the hilly diatrioU ot the prefecture of Achaia and
Ella, while the winter's drouth also benefited the
wnue tne winter's drouth also benefited the
cereal of the plaint, the ground of which was
sufficiently moist to help the growing crops after
the winter season. Consequently the cereal crops
in -general of the prefecture are estimated by well
Informed parties to be 20 per cent over those of
last year, prortdwjy no damage occurs during the
short time till the harvest season.
This statement is borne out in general by in
formation from other sources. It is noted by
those traveling about the country that much
more acreage has apparently been planted to
grains this year than ever before. The grain
has filled Well and the fields look promising. It
is probable that 75 per cent of h. mm ..I.-.-.,
I Wheat, tha other 26 pet cent being given to
vaney ana oats.
It mi probable- the above statements and esti
mates hold good in general for this entire con
sular district, as the same economic and weather
condition have prevailed throughout the district
According to statistics furnished by the nine pre
fectures of this district (Arcadia not reporting)
the wheat crop of the district in 1917 was about
61.000.000 okes. or 2.800.000 bushels. An
increase of SO per cent would adve a crop of
8.860.000 bushel. The population of the
district may be roughly estimated at 1. BOO. 000.
This would give a per capita production of 2.24
bushels, or some 135 pounds of wheat to each
person per year. It is probable that the esti
mates are under the mark.
There ia also a considerable 'quantity of corn
produced ia the district, and a fair amount ol
barley.
Am. Cotton Oil. e.
Am. Linseed, c. . .
do pfd
Am. locomotive, c.
Am Sugar, c
Am. Tel. &. Tel. . . .
Am, Woolen, c. . . .
Anaconda M. Co. . .
Atchison, e
do pfd
Baldwin Loco. . 0 . .
do pfd
Bait A Ohio, e. . . .
Bethlehem Steel '8
Brooklyn Ilapld Tr. .
Butte A Superior. . ,
Cal. Petroleum, c. .
do pfd
Canadian Pac. .
Central Iieather, c.
do pfd . . .
Ches. & Ohio
Chi. & Gt. West c
do preferred .
C. M. A St P
C. & N. W. o . . .
Chino Copper . .
Col. F. 4 I. c.
Con. Gas
Corn Products e.
do preferred.
Crucible Steel c .
do preferred
Distillers
Erie, o
do 1st preferred
General Electric. .
Oeneral Motors .
Goodrich Rubber.
Gt No. Ore I,ands
do preferred .
. Croene Can
Hide 4 Leather c .
do preferred
Ice Securities . . .
Illinois Central . .
Industrial Alcohol.
Inspiration
Int. Mer Marine.
do rfd
Kan. City South., c
Kennecott Copper .
Lsckawanns Steel.
Lehigh Valley. . . ,
Louis, cfc Nashville!
Maxwell Motors, c
Mexican Petroleum
Miami Copper . .
Midvale Steel . . . .
M . K. & T , c. . .
do pfd
Missouri Pacific. . .
National Lead. . . .
Nevada Cons.
New Haven
N. Y. Central. . . .
N. Y.. Ont. 4 W. .
Nor. 4 V.. c. . . .
Northern Pacific...
Pacific Mail
Tenn. Railway ....
People's Gas
Pittsburg Coal, e. . .
do pfd:
Pressed S. Car, c. .
do pfd.
Ray Cons. Copper. .
Ky. Steel Springs. .
.leading, c
do 1st pfd
do 2d pfd
Rep. 1. 4 S., c . . .
do pfd ........
Bock Island
Sears, Roebuck ACo.
Shattuck
Studebaker. c ...
Southern Pac
Southern Ky., c. . .
do pfd
Swift
Tennessee Copper .
Texas Oil
Tobacco Product.
Union Pac, c. . .
do pfd
IT. S. Rubber, c. . .
U. 8. Steel.
110
02
58 H
66
83
89
BS i
82
40t
33 S
66
44
43H
57 H
14 A
30
. i . . .
110'k
P2
58 H
85
80 vi
B4"
S3 H
40
33 H
HOT
93
58H
66
85
89
8S
82 i
404
66 H
43H
67 '4
14 '
80 Ta
14SKI147
.4 5 !
44 H
4 5
44 H
127 H
52 H
26 H
96 i
1 7 H
83
83 4
27
101 H
28 H
52
58 'i
39 H
33 i
43 vi
50 H
70 H
24"
61
87H
91 t
101
44
84 :
1B2
121 H
3H
33 Vi
83
68 ,
46 i
98
l4
40
41
78 4
05 H
110H
91 4
68 H
66
85
82 4
90 H
09
64
824
41
27 '4
W8H
61
66 S
48
43
57 4
14
80
148
45
44 H
HIGH
IE
RECORDS
ARE SMASHED
Ul
11
E
TU
f III
DEMAND
KEEN
All Previous High Point Are Sunk
by Added Price at North Portland
Further Advance Is Forecast La
bor Affects Mutton Trade.
PORTLAND LIVESTOCK RUN
FINANCE, ! TIMBER,
INDUSTRY REVIEWED
Hoirv Cattle. Calves. Sheep.
This week 2600 2550 ... 1050
Ijft week 8500 2000 200 BflOO
Previous week ... 9R00 8100 150 4400
Month ago 3806 8415 175 370
Year ago 2424 052 04 8987
Two years ago ... 2599 1096 S3 4939
Three years ago .. . 3421 974 81 11.1
Four years ago. . . 1723 2383 22 6984
'Included with cattle.
Ctah CopperA. . .
Virg. CliemfvfcL
a. .
Wabafh
Wabash A
Wabash B
W. V. Tel
Wetinghoue Elec
W illyfl Overland . .
Woolworth ......
127 i
52 H
26 H
97 H
1 7 H
84
83
27
101 4
28
62
68
394
33
43
60
70
24- '
87H
92
101
44
84
162
69
124
108
50
'87
24
19
108
'eon
38
24
127
62 H
26H
9R 1
X7S
33
S3
27
101
28
62
58
39
33
43
50
70
24 "
61
87
91
101
44
84
151
68
120
108
60
' 87 S
23
Total sales for
161
HO
.1102
55
7H
23
43
91
39
45
90
43
99 4
65
91
57 H
14
30
143
146
44
81
90
44
18
79
32 4
96 H
127 H
52
26
97
17 S
33
82
57
112
27
101
28
61
6 H
23
68
20
39
71 H
19
103
S7
32
43
46 H
50
81
70
95
23
60
87
87
87
1
100
28
137
16
46
83
23
82
112
19 .
160H
68
120
70
61
108
81
60
9
87
23
77 i
41
19HI 10
. . . .1115
the day were 67,600 shares.
Market for hogs reached new high records at
North Portland during the week, alt previous
figures received on the open trade here being
eclipsed.
Koceipts of hogs were at no time adequate to
fill current requirements ot killers and the cla
mor for offerings was general. This natBratly
brought forth the bet prices available and
$16.60 was soon reached for tops. Whi the
price went to . this new high record tbere were
general forecasts of a $19.00 market here for
wine within the immediate future.
General bog range:
Prime mixed $$18.35(318.60
Medium mixed . .' 18.26(3 18.35
Rough heavies 16. 75 17.00
Pigs , 16.00(9 16.50
Bulk 18 25 (
Good Cattle Sell Well
Yhlle Tery' low price were apparently paid
for some grades of cattle on the North Portland
market for the week, really worth white stuff
Mold quiekly at extreme price named in these
reports.
Very Uttle really good cattle came forward to
the North Portland yards during the week, but
the demand was keen and the limited stock in
sight was eagerly sought, out by killers.
On the other hand there continues depression
in the trade for Junk cattle, the bulk of which
are corning forward from Western Oregon points.
General cattle range:
Prime steers $11,750 12 S5
Good to choice steers 10.78 411.75
Medium to good steers 9.50 (10 75
Fair to medium steers 8.60 0 9.50
Common to fair steers 6 50(4) 8.60
Choice ecwa and heifers 8.00& 8.50 I
Medium to good cow and heifers. 6.00 7 50
r air to medium cows and hellers
Canners
Bulls
Calves J
b tuckers and feeders
Mutton Market
Aaertcan TtMBBoaw A v Ttlerrapa
Bonds The Lumbermen Trust com
petny announces Its) pevrUoipavUon tn the)
purchase) ot $50,000,000 of American
Telephone) ft Telsvcrsvph ompavny per
cent convertible) bonds. These) bonds are
being offered st f 4 and Interest to yield
7.1 per eent. The bonds are convertible
after Aurust 1. 1120, into stock or tne
compftrty at 101 Annual dividends on
the company's stock since 1906 have
been at the rats of I per cent.
Grants Fast Banker Tlslte Georgre
P. Jester, president of the Grants Pass
Banking company. Grants Pass, On,
was ! a Portland visitor Saturday. De
velopment of mining properties la the
vicinity of Grants Pass is resulting in
great prosperity to that section accord
ing to Mr. Jester.
Idaho Highway and Bridge Bonds-
Morris Brothers are offering $29,000 of
Gooding county, Idaho, per cent high
way and bridge bonds of tha Bliss high
way district Bonds are dated July 1,
1918, and are due serially, $3000 each
year, from 192$ to 1935. Denomination,
$1000.
BIdt Allied From Track Dealers-
Sealed bids will be received by the board
of oommlstoners of Multnomah county.
room 201 courthouse, until 10:30 a. rn.
Autrust 9. for one one-ton worm drive
truck. Right reserved to reject 'any
and all bids.
Morris Brothers Offerings Morris
Brothers are offering $18,000 of 6 per
cent old bonds of the city of Prince
George, B. C. dated April 19, 191S.
These bonds are offered. $7000 due
April 19, 1928. at 92.89 and Interest ta
yield 7 per cent: $11,000. due April 15,
1913. at 90.80. to yield 7 per cent. Prin
cipal and Interest payable In 'gold. Prince
George has a population of 2000 and
net debt of $43,000.
Bids 'Wanted, on Road Work Sealed
bids will be received at the office of
the chairman of the state highway com
mission, room 1101 Teon building, at
11 o'clock a. ra.,' August t, for approxi
mately 8600 lineal feet of 1$ foot ma
cadam ''surfacing on the Pacific high
way between the Lane-Douglas county
line and Comntock. Specifications, pro
posal blanks and full Information may
be obtained at the oftlcei of th staU
highway commission In. the stats fcousej
at Salem.
Ceasty YVsmtt Bid o Adding J$av- J
chines Sealed bids will be receive by "
the beard of covtuiilseioners of Mult no
mah county, room 801. courthouse, until
10:30 a. m. August 12. 'tor two iJ-coinraa : .
adding and listing machines. Further
particulars on application at wtj omcs
of the commissioners. : J. J
Banker In Bolivia 'Woald Xtsresmt ,
American Firms -A banker In Bolivia
deslras to represent American manufac-
turers -of modern farm-tools ana ma
chines for farming, also producers -of ;
needs and other materials for agrwie
tural purposes. Address will be fur
nished on application to the secretary
of the Portland Chamber of Commerce,
Refer to No. 27212.
Chilean Wast American Cosseetloav-
A firm In Chile wants to represent
American manufacturers in Chile and
Bolivia. Oeneral lines are desired, pref
erably on a combination basis. Corres
pondence may be in Kngllsh.' Address .
will be furnished by secretary of Port
land Chamber of Commerce. Refer .to. .
No. 2721s.
Twelfth JMstrlrt Bsnkt Bend l Oold
According to the bulletin of the fed-
era reserve bank of San Franctscxs,
banks of this district, for their own pror
tec t Ion and that of all business. vav
patriotically cooperated to build up tha
federal reserve bank's gold reserve,
making more than 2000 gld shipments
during the three months ending with
June and Increasing trie total gold held
from $99,815,000 on Wjurch 29 to $110,"
963,000 on June 28. . Shipments tta.Vs
been received as follows j ' - "
. Gold Gold held ':
From Received Mr. 4. 1911 .
National banks ..$16,880,230 $14.94.270
Stat banks 8,799.915 ' I8.124jj5$
California publlo 1 , i
treasurers 2.84S.90Q. .'
Totals $28,527,045 $53,068,435
The Increasing demand upon the fed?- ,
era! reserve bank Is shown by the fact
that, although th amount of the gold .
reserve has increased over $21,000,000.
the proportion of gold to-Jiahlllttes has
decreased spproxlmately l'per cent.
6 00
6 00
7.60
6.00 (
S.00 0
60l
8 5011.50
6.00 8.00
Is Affected
Due to the inability of packing house Inter
eta at various Pacific Northwest points to se
cure sufficient sheep butchers at this time there
was a general lack of defire to take hold of ad
ditional ofiennc of the week and valuea were
rliaded considerably at North Portland for the
period.
This lowering of price was due entirely to the
labor situation and not to any appreciation of
offerings.
Mutton and lamb markets generally throughout
the country -were of good character during the
week.
General sheep ranre:-
East of mruntain lamb 813 00 614 00
Valley Ismbs 12.6013 00
Yearlings . . , 9.60 910.60
Wethers 4 8.60 9.50
Ewes 6.00 & 8.00
Foreign Deal in
Wool Not Liked
Boston Trade Objects to Giving Cer
tain Houses Exclusive Use of
South American Fleece.
AMERICAS LIVESTOCK FBICES
19!
Ifew Tork Bond Market
Furnished by Orerbeck eV Cooke Co.. Board of
1 raae Duuamg.
Atchlsori genl 4. ,
Baltimore k Ohio gold 4s..
Beth. Steel ref. 6s
Cent. Pacifio 1st 4 s ,
C, B. & Q. eoL 4s
St. Paul genl. 4 V s
Chicago N. W. genl. 4s....
L. & N. uni. 4s
New Tork Ry. 5s ,
Northern Pac. P. L. 4s, . .
Reading genl. 4s
T.'nion Pacifla 1st 4s
V. S. Steel 6s
I'nion Pacific 1st ref. 6..
Southern Pacific eonv. 5 . .
Southern Pacific- con. 4s..
Penna. eonv. 4s
I'enna. Ist4s
Ches. &. Ohio eonv. 5s. . . .
OTegon Short Line 4 s ....
Bid.
. . 80 Vi
. . 75
. . 86 4
. . 77
. . 93
. . 80
,.82
. . 83
. . 22
. . 80
. . 83
. . 84
..08
. . 78
. . 00
. . 78
. . 94
. . 86
., 80
. . S0H
Ask.
1
76
88
79
94
84
28
81
84
87
OR
7
ftw
79
95
87
81
62
Chicago Hogs 919.78
Chicago. Aug. 3. (I. N. 8.) Hogs Esti
mated receipts. 10,000: lower. Bulk. $18.25(
19.60; top. $19.76; butcher hogs, heavy. $19.15 1
(319 50; packing bogs, heavy. $1N.10 1S.80 ;
m-dium and mixed. $ 1 6.25 1 9.30 ; light.
flB. 35(319. TS; pigi, $17.75 S 18.50; roughs.
$18.76 0 19.00. ;
Cattle Estimated receipts, none: lower.
Sheep Estimated receipts, none; lower.
Omaha Hogs $19.25
Omaha. Aug. 3. (L K. 8) Hogs Be
celpt. 4000; higher. Top. $19.25; range,
$18.18 18.25; mixed, $18.30(318 50: good
choice, $1X2013.40: rough. $18.1518.20;
light. $18.76 10.15J bulk. $18.20(418.80;
piS $14 00& 16.00.
Cattle Jtecelrts. 4000; steady. Beeves,
$11.00 18.40; cows and heifers, $5,75 9
11.50; stocker and feeders, $7.00 (Sf 1 3.2 5 ;
calves. $9.00 13 50.
Sheep Receipts, none.
Kansas City Not $18.88
Kansas City. Aug. 3. -(L N. 8.) Cattle
Receipt 1600. No quotable market.
Hogs Receipts BOO, steady to 10c lower. Top,
$19.35; bulk. $18.10 19 25; lights, $18 90
(19 20; mediums, $1 9.10 19.35 ; bee vie.
$19.2019.35.
Sbeep Receipts 500. No market
Seattle H09 $18.76
Seattle, Aug. 8. (t. N. 8 ) Hogs Receipts
161; 23c higher. Prime light-, $ 1 8.60 $ 1 8.76;
medium to choice. 1 1 3.25 (c( 1 R.30 ; medium
heavlee, $17.25 ( 17.75 ; roush heavies, $15.25
& 15.75; pim. $15.2516.75.
Cattle Receipts 128; rteady. Bet steers,
111 000 13 00; medium to choice. $10. 50 (op
11 SO; common to good. $6.00 8 8.50; best
cows, 3S. 50 ($ 9.50 ; eummon.tn medium cows.
$5.007.60; bulls. $5.00 ft 7.50 ; calves,
85.00 10.00.
&hp Receipts, none.
No Denver Hess
Denver, Colo., Aug. 3. lU. P.) Cattle
Receipts 600, steady. Steers. $10.00$ 17.60;
heifer. 17.60- 1 1 .25 : stockers and feeders,
$7.50 914.00; calve. $1 1.00 $ 12.80.
Bogs tnd sbeep No receipts, ne market.
Boston. Mass., Ans. 8. Nothing bnt t well
grounded belief in ita futility appears to have
prevented a storm of protest from the local wol
trade against the latest more of the government
In piecing the buying of wool la South America
in the bands of a selected committee of wool
houses.
Criticism of this action has not bees directed
against tbe character and anility of tbe bouse
named, but rather against the policy that bars
o.thr bouses from participation, yet tlie reason
for the action is apparent to all concerned, IF
ia understood to be an effort to prevent eonxpe
tltion tn the buying of wool for govenuaent pur
poses.
The matter of wool eongestioa it com plicated
by the fact that western conditions this yaar
are abnormal.
Usually wool buyers hare proceeded leisurely
over the wool section, picking up clip here and
there from growers willing ta sell, always with
larce percentage holding back from ecu
or another. This brought the .wool supply in
the East in such volume as to be handled easily.
This year with the grower having no incentive to
hold bis wool it ia being pushed along as rapidly
at possible. Moreover shearing opened late ow
ing to unfavorable weather and this hat tended
to bunch ahiptoenta.
Receipts for the week were: . Domestic, 1.
880.673 pounds foreign, 4.804,468 pounds.
LIBERTY BOND SAIES
Liberty bonds closed in New TorV-
8H 1st 4 Id 4
Monday S083 0940
Tuesday 0988 9444
Wednesday ft98 9444
Thursday Hw . vteu-
Frtdar 9094 4SS
Saturday seas
840
9820
93&0
9850
888
K34 6
4Hs
9524
961
0544
9576
844
9639
yew Tork Bask Statement
New Tork. Aug. 8. (L N. 8.) Bank state
merit :
Average Loan. Increased, 368.410.000: de
mand deposits, increased, 847,780,000; time de
posits, decreased. 81.870.000; reserve, la
creased. $7,990,980.
Actual- Loan, increased. 11 8. 267. 000; -da-ma
ml deposits, increased, $30,622,000; time d4
poait. Increased, $418,000; . reserve, decreased,
$17,151,620. '
JTew Tork sgar and Cofft
New Tork. Au 8. (U. P.) Coffee Spot
No 7 Rio. 84c: No. 4 Santo. 11 So.
Sugar Centrifugal. $6.06.
L Lonlt Metal Market
St T.oul. Aug. 8 (L N. B.) Lead Firm
tnd unchanged at $7.76.
Spelter I'nchansed at 88.07H. .
salted stasa, 80 lbs. and up. 10c; salted and f
treen tip, jo to to ids., isc; salted and green
ealf, up to II lbs., 25e; green bides, 25 lbs. tnd
p. lie; green stag. 60 lbs. and Up,, be; dry
lust bides, 25e; dry flint' calf, up to 7 lbs ,
80e; dry xgl bides, 20oj dty horse tides, $1.25
1.50; salted horse bides, .$8.00(4.00;
horsehair, tail. 25c;' horsehair, mane, 15c; dry
long wool peRs, 40c; dry short wool pelts, 25
30c; salted and green pelts, each (Mty ttkt
off). $3. 00 ($4 00; dry sheep shearlings. tah,
15 ( 30c; salted aheap shearling, each, 25
50c; dry goat, long hair, 25c; dry goat bear
lings, each. 15 30c; dry short hair goats, each.
60c$1.00.
WOOL All prices nominal.
CH1TTIM OR CASCABA BARK Buying
price for car lots, lOc '
TALLOW No. 1. 13c; Nc 2, lie; grease
Be per lb.
UOHAIB 1917. 4065e per lb.
Ropes, PaJnta, OUs
BOPE Sisal, dark. 244; white, 23 He la.1
standard Manila. 82 He.
LINSEED OIL Raw Sbl., $2.01 gallon 1
settle boiled, bbls., $2.03; rtw, cases. IsTlls
boiled, cases, $2. IS gallon.
COAL Olt Water white la drums or IfoS
bbls., 100 gal.; cases, 20t gaL ,
wASOLINK iron bbis., 21e; cases, 81 ta
ne distillate, iron bbls., 13c; cases, 23a
WHITE LEAD Ton lota, 18 Vic lb.; 6O0
lbs.. 184c
TCEPESTIXK Tanks, T9o; oases, 89; l
'ttte luts. IS Ieaa,
-.W1RS NA4LJ Baaie price. 95.88.-
German Retreat a
Bearish Grain Note
; . r
Chicago. Aug. 8. (tr. P.) The German re
treat wa reflected 'in lower price oa the Chi
cago Board of Trade today. There was some
profit taking by longs. ' Provisions declined with
the grain futures,
August com was H c down at the opening,
$1.97 K,-later dropping 2 esnta. September
corn, up H at the Opening, $1.89 V,. sabse
tuentii 4os 2 H e. October corn opened tt
$1.58H. up He, but later dropped lSc
August Oats was He down on opening at
68 H, and had lot lHo further at the close.
Septesiber oats, down He at the opening, lot
1 He further and closed tt 67, October oats
closed at 67 after ' opening at 68 ?4. unchanged.
Chicago range furnished1 by United Prest
CORN
Open. High. T.OW.
157U 187a 164
159 V 159-H
168 189
OATS i
84 9 '
634 68 H
68H $H
PORK
4496 4595
LARD
2667. 2667
BIBS.
2495 2600
August . . .
September
October . .
August . . .
September
October . .
168 H
165 H
66
664
67
Close.
15514
167 H.
1564
67H
67
67
PB.ICE8 OF BttlED PBTJITS
IJT THE USITED KIXGDOM
Tbe British ministry of food, undel date of
June 25, 118, has directed that from and after
July 1 dried fruits may be sold tt retail in the
United Kingdom at prices not exceeding the
following:
Dried pears
Dried apricots
Valeneias
luaratels .... .
Sultanas .. . .
Any other variety of raisins . .
Ctirrtnts
Dried plnms.and prunes
Dried peaches and nectarines
Apple rings , . . .
Dried applet
Figs ,
Price per
pound.
$0.32
.32
28
. ... .28
... . .28
. ... .28
.28
28
.28
. ... .24
... . .24
. ... .10
September
September
Septestber
4495 4495
2665 2868
2490 2490
Jfew Tork-Loadon - Silver
New Tort, Aug. 8. (I. N. 8.) Commercial
bar Mirer it unchanged tt 99 vie.
Londo. Ang. 8 (L X. S.) Bar HI vet it
unchanged at 48 18-lod. v i
: - - ?; ,:n :: 4 .v: -A-
The same order provides that after July 1,
1618. mixtures of tlie above fruits may not "be
sold retail at a price exceeding the maximum
price of -any dried fruit contained in the mix
ture. r
Tbe price above named may be augmented
by a charge of 1 eent per pound when delivered.
DON'T INVEST MONEY
Irt Oil or Mining Stock, without careful
investigation. Many are "Get-rlch-qulck"
schemes of unscrupulous promoters..
The shrewd investor Is the man who
knows "WHAT NOT TO BOY." Protect
yourself against "Fake" securities. Write
today for a "free trial subscription" of
uie mrsien xienew.
INVESTORS REVIEW
60 MARKET 9T. SAN FHANOI3CO, CAU
Foreign Bond Market
Furnished by Orerbeck A
of Trade building:
A. F. 5s Oct. 1920
I". K. 5s Sept. 1918 ... .
C K. 5 H 3 Nov. 191!)
T. K. 6 He Feb. 1019 .. .
U. K. 5 H Nov. 1921 .. .
A. F. Sec. 0s Aug 1919 .
Rep. Franc 6s 1981 .. . .
rris 6s Oct. 1921
Marseille 6a Kor. 1819 ..
Russian Extn. 5Hs 1921
Russian Intt 5H 1926 .
Hum. 6 Aug. 1919
Dom. 5s April 1921
Dom. 6s April 1931 ....
Dom. 5s April 19C8
Argentine 6s May 1920 .,
China 6s 1919
Dom. Canada 5 1937 .. .
French OH 1919
'00k Co., Board
Bid. Ask.
93 H 94
99 S 9!)Ti
8 98
9 H 99 S
95 '4 95
97 H 97 H
180 140
89 90
91 04
64 6
95- 100
99 094
94 95 H
92 S3
92 84
90 07H
8 7
91 92K
98 98S
Minneapolis Cash Grain
Minneapolis. Aug. 3. Cash market:
dark. $2.23; to arrive. $2:22 2.23
$2.21 H.
Corn No. 3 vellow. $1.62 1.67:
rellow. $1.52 1.63; No. 3 mixed.
1.57; Ns5 yellow. $1.42 1.52
Ne. 1
hard.
No. 4
$1.47
COTTON PRICES GENERALLY RISE
AT OPEKIITO IS SKYT TORK
New Tork. Aug. 8 fi. N. ft.) First prices
of the active iwues In the cotton market today
were 31 to 79 points higher, with the tone
strong. Anffunt, which n about 50 point oat
of line tt the clos en Friday, started 20 point
lower.
The clo?e was strong at a net advance of 65
to 133 points.
Furnished by Orerbeck A Coot Co., Board of
Trade building:
January
March . .
May ....
August .
October .
December
Open. High. Ixw. CIomi
2620 27O0 2610 8692
2628 2700 2600 2H0
2601 260H 2608 260S
2680 8760 2650 2760
2640 2770 2640 2745
2595 2715 2595 2695
San Francisco Grain Market
San Ffancbro, Aug. 3 (U. F.) Cah grain:
Barley Per cental, new heavy, around. $2.60,
with off grades as low as $2.45; Chevalier tnd
milling tomihaL
Oat l er cental, feed, nominal and at 12.63;
to teed, higher.
BAIRT PRODUCE OS THE COAST
Seattle Marx at
Seattle. Aug. 3. (U. P) Butter Incal
city creamery, bricks, in cartons. 68 H e9 64c;
do parchment wrapped, 68c; do cubes, 6053e.
Eggs Fancy ranch. 60 8 620; pullets, 46 9
48e per dozen.
Cheese Washington triplets. 26 49 27: Wash
ington Young America, 28 9 28c; Oregon trip
lets, 26 927c; Oregon Toung America, 26
2 80 per pound.
an Francisco IHaHirt
Baa Francisco, Ang. 8. (U. .P ) Butter,
62c : prime firsts, 60 Ha
Eggs Extras, 4 9c; extra firsts, tjSHe; ex
tra pnlleu. 47 He
Cheese California flats, fancy, 26e; firsts.
2 So per pound.
Los Angele Market
I -os Angeles, Aug. 3. II. N. 8.) Butter
California creamery extras 61c.
Eggs Extras, 46 He; ease count, 45ej pul
lets, 4 6c
POTATOES ALL ALONG- THE COAST
Seattle Stark
Seattle, Aug. 8. (V. P.) Potato Local
new, per pound. 8ej California new Otmets, per
pound. 8 He; California new whites, per pound,
8 He; old stock, fancy, par ton, $00.00.
an Franet Market
Saa Francisco. Aug. $. (U. P.) Onion
82.00S2.05.
Potato New Delta. No. 1, 82.98 $9 2.10;
do No. 2. $2 88 192.60.
Lo Anatst Market
I-o Angels. Aug 8 (I. X. 8.) Potato,
sweet, 7c lb.; new, $2.25 2.36 ewt ; S090e
lug.
Money and Exchange
New Tork. Aug. 3 (t N. S.) Sterling ex
chance was steady with buirinese In bankers' bills
at $4.75 5 16 for demand: $4.78 for 60 day
bills, and $4 71 for 90 day bill.
Morris
Brothers,
Inc.
201
Established 25 Yesrs
Railway Exchange Building
Portland, Oregon
THE PREMIER
MUNICIPAL BOND
HOUSE OF OREGON r
Municipal Bonds Yielding
From 5:25 to 7 j
If r mt aiLL your Liberty Ben,
SELL t US. If u ean SUV aver Llbertf
on, SUV fraiN lie, Ws MUX and r
SELL at ta mark.
Telephone Main 3409
Liberty Loan Department
Open Until 6 I. M.
Saturday
W offer out of our allotment
Oats No. 2 white, 76 H 76 Her standard.
72 He; No. 8 white. 719 73a
tlH 12
Overbeck &
Cooke Co.
Stocks, Bonds
Cotton, Grain, Etc
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trad
Correspondents of Logan -& Bryan
Chicago. New York
tM'817 Board f Trade StlUlag
Clark,
Kendall
& Company
U.S. Government I
Municipal ..... BONDS
Corporation . . . .
Out LtBftr Send Desert.
merrt is for the convenience
of tlie public.
We sell and buy at the
New York market price
da'ir. siiowlnt aeceues in
terest. We are here to serve yon
in ease tow are otiiiged to
sell your Llberiy Boede, or
if you art abl t buy more.
Buy more if yon ean.
market price.
Don't sell to tnyon for
lest thtn the New Tork
208, 208 NnwettsrS
Sank Building
$50,000,000
American Telephone and Telegraph
7-Year Convertible 6 Gold Bonds
at 94 and Intemt, to Yield 7.10
DATED AAigllst 1, 1111 DUlt August 1. 1925
Reglstrahls aa to Principal
Principal and Coupons Feb. 1 and Aug. 1.
payable in Nw York and Boston
Denominations $100 $500 $1000
ConvertibU t holder's option ifter two year! Into stock of th
company tt 1 06. Conversion priritefe offers opportunity for ex
cellent profit. For the past 12. years dlrUends of S.per cent per
annum have been regularly declared. Averife price of the stock
on the Hew York Stock Exchanee since 1901 has been high
145, low 122H.
These bonds are the direct obligation of the company: are
senior to the outstanding capital stock, which at the present low
market price represents an equity or over S400,ooo,ooo for tht
company's funded debt, including these bonds, of 1233,000,000.
Operation of the company Is now conducted by the United
States Government, which assures maintenance of earnings.
m
"i : -
Price 94 and Interest to Yield 7.10'
Co;
.m
. .
-4"
A .
,
f ''"
t i-
" .
-
w
bffv
tne rfant te wvUidrww tht
at will and t advance th
t essfartn , whs market iu
L.UMBERMENS TRUST COMPANY
LUMBERMEN
BUILOINCI
Capital asb Suhplws 1800.000
r. U- 1 :.';
7W H
rirrn and -
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